Shore Bancshares (SHBI) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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, $0.01 par value per share
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		33,326,772
Entity Central Index Key	0001035092
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 52,363	$ 63,172
Interest-bearing deposits with other banks	131,258	309,241
Cash and cash equivalents	183,621	372,413
Investment securities:
Investment securities - AFS	133,339	110,521
Held to maturity, net of allowance for credit losses of $101 (2024) and $94 (2023) (fair value of $440,296 (2024) and $457,830 (2023))	484,583	513,188
Equity securities, at fair value	5,950	5,703
Restricted securities, at cost	20,253	17,900
Loans held for sale, at fair value	26,877	8,782
Loans held for investment ($10,023 (2024) and $9,944 (2023), at fair value)	4,733,909	4,641,010
Less: allowance for credit losses	(58,669)	(57,351)
Loans, net	4,675,240	4,583,659
Premises and equipment, net	81,663	82,386
Goodwill	63,266	63,266
Other intangible assets, net	40,609	48,090
Other real estate owned, net	179	179
Repossessed assets	306	0
Assets held for sale	1,387	0
Mortgage servicing rights, at fair value	5,309	5,926
Right-of-use assets	11,384	12,487
Cash surrender value on life insurance	103,729	101,704
Accrued interest receivable	19,992	19,217
Deferred income taxes	32,191	40,707
Other assets	27,826	24,790
TOTAL ASSETS	5,917,704	6,010,918
Deposits:
Noninterest-bearing	1,571,393	1,258,037
Interest-bearing	3,654,330	4,128,083
Total deposits	5,225,723	5,386,120
Advances from FHLB - long-term	50,000	0
Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”), net	29,768	29,530
Subordinated debt, net	43,688	43,139
Total borrowings	123,456	72,669
Lease liabilities	11,816	12,857
Other liabilities	23,438	28,137
TOTAL LIABILITIES	5,384,433	5,499,783
STOCKHOLDERS' EQUITY
Common stock, par value $0.01 per share; shares authorized - 50,000,000; shares issued and outstanding - 33,326,772 (2024) and 33,161,532 (2023)	333	332
Additional paid in capital	357,580	356,007
Retained earnings	180,884	162,290
Accumulated other comprehensive loss	(5,526)	(7,494)
TOTAL STOCKHOLDERS' EQUITY	533,271	511,135
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 5,917,704	$ 6,010,918

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Available-for-sale, amortized cost	$ 140,941	$ 120,832
Held to maturity, allowance for credit losses	101	94
Held to maturity, fair value	440,296	457,830
Loans, at fair value	$ 10,023	$ 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)	33,326,772	33,161,532
Common stock, outstanding (in shares)	33,326,772	33,161,532

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
INTEREST INCOME
Interest and fees on loans		$ 69,157	$ 64,869	$ 202,203	$ 128,424
Interest and dividends on taxable investment securities		4,962	5,047	14,611	12,840
Interest and dividends on tax-exempt investment securities		6	27	18	41
Interest on federal funds sold		0	92	0	92
Interest on deposits with other banks		564	1,213	2,102	1,546
Total interest income		74,689	71,248	218,934	142,943
INTEREST EXPENSE
Interest on deposits		28,856	23,473	84,938	40,668
Interest on short-term borrowings		491	692	2,131	5,501
Interest on long-term borrowings		2,079	1,461	5,327	2,992
Total interest expense		31,426	25,626	92,396	49,161
NET INTEREST INCOME		43,263	45,622	126,538	93,782
Provision for credit losses		1,470	28,176	3,958	30,056
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES		41,793	17,446	122,580	63,726
NONINTEREST INCOME
Service charges on deposit accounts		1,543	1,505	4,543	3,981
Trust and investment fee income		880	1,933	2,510	2,764
Loss on sales and calls of investment securities		0	(2,166)	0	(2,166)
Interchange credits		1,711	1,557	5,015	4,081
Mortgage-banking revenue		1,177	1,377	3,961	3,408
Title Company revenue		100	89	344	412
Bargain purchase gain		0	8,816	0	8,816
Other noninterest income		1,876	1,873	5,921	4,317
Total noninterest income		7,287	14,984	22,294	25,613
NONINTEREST EXPENSE
Salaries and wages		13,197	14,183	38,355	31,822
Employee benefits		3,326	3,607	11,015	8,968
Occupancy expense		2,384	2,245	7,232	5,463
Furniture and equipment expense		876	750	2,681	1,761
Data processing		3,081	2,485	8,925	6,022
Directors' fees		443	295	1,097	730
Amortization of other intangible assets		2,336	2,634	7,482	3,510
FDIC insurance premium expense		1,160	618	3,400	1,747
Legal and professional fees		1,362	1,217	4,315	2,926
Fraud losses	[1]	673	262	5,237	376
Merger-related expenses		0	14,866	0	16,754
Other noninterest expenses		5,276	3,996	14,572	9,582
Total noninterest expense		34,114	47,158	104,311	89,661
Income (loss) before income taxes		14,966	(14,728)	40,563	(322)
Income tax expense (benefit)		3,777	(4,991)	9,956	(1,060)
NET INCOME (LOSS)		$ 11,189	$ (9,737)	$ 30,607	$ 738
Basic net income (loss) per common share (in dollars per share)		$ 0.34	$ (0.29)	$ 0.92	$ 0.03
Diluted net income (loss) per common share (in dollars per share)		0.34	(0.29)	0.92	0.03
Dividends paid per common share (in dollars per share)		$ 0.12	$ 0.12	$ 0.36	$ 0.36
[1]Fraud losses includes $337 thousand and $4.7 million of credit card fraud losses for the three and nine months ended September 30, 2024, respectively

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Income Statement [Abstract]
Credit card fraud losses	$ 337	$ 4,700

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 11,189	$ (9,737)	$ 30,607	$ 738
Investment securities:
Unrealized holding gains (losses) on available-for-sale-securities	3,762	(2,132)	2,708	(1,498)
Tax effect	(1,028)	584	(740)	410
Total other comprehensive income (loss)	2,734	(1,548)	1,968	(1,088)
Comprehensive income (loss)	$ 13,923	$ (11,285)	$ 32,575	$ (350)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2022	$ 364,285	$ (7,818)	$ 199	$ 201,494	$ 171,613	$ (7,818)	$ (9,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	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 (loss)	738
Other comprehensive loss	(1,088)
Ending balance at Sep. 30, 2023	501,578		331	355,575	155,781		(10,109)
Beginning balance at Mar. 31, 2023	361,638		199	201,736	167,864		(8,161)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(9,737)				(9,737)
Other comprehensive loss	(1,548)						(1,548)
Common shares issued for employee stock purchase plan	83			83
Stock-based compensation	529			529
Cash dividends declared	(3,976)				(3,976)
TCFC acquisition (in shares)			132,000
TCFC acquisition	153,087			152,955
Ending balance at Sep. 30, 2023	501,578		$ 331	355,575	155,781		(10,109)
Beginning balance at Dec. 31, 2023	511,135		332	356,007	162,290		(7,494)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	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 (loss)	30,607
Other comprehensive loss	1,968
Ending balance at Sep. 30, 2024	533,271		333	357,580	180,884		(5,526)
Beginning balance at Mar. 31, 2024	515,228		$ 332	356,464	166,490		(8,058)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	11,234				11,234
Other comprehensive loss	(202)						(202)
Common shares issued for employee stock purchase plan (in shares)			1,000
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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	11,189				11,189
Other comprehensive loss	2,734						2,734
Common shares issued for employee stock purchase plan	98			98
Stock-based compensation	488			488
Cash dividends declared	(4,021)				(4,021)
Ending balance at Sep. 30, 2024	$ 533,271		$ 333	$ 357,580	$ 180,884		$ (5,526)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	12 Months Ended
	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 30,607	$ 738
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of acquisition accounting estimates	(11,528)	(6,672)
Provision for credit losses	3,958	30,056
Depreciation and amortization	12,040	6,847
Net amortization of securities	(622)	724
Amortization of debt issuance costs	91	92
Bargain purchase gain	0	(8,816)
Gain on mortgage banking activities	(2,897)	(2,602)
Proceeds from sale of mortgage loans held for sale	117,230	80,846
Originations of loans held for sale	(131,851)	(89,485)
Stock-based compensation expense	1,252	853
Deferred income tax expense (benefit)	7,776	(934)
Losses on sales and calls of securities	0	2,166
Loss on sales of repossessed assets	375	0
(Gain) loss on valuation adjustments on mortgage servicing rights	(253)	5
Loss on disposal of fixed assets	10	0
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	(246)	492
Fair value adjustment on equity securities	(124)	177
Bank owned life insurance income	(2,037)	(1,305)
Net changes in:
Accrued interest receivable	(775)	2,810
Other assets	(3,021)	(10,145)
Accrued interest payable	(1,084)	1,192
Other liabilities	(4,435)	(20,662)
Net cash provided by (used in) operating activities	14,468	(13,355)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and principal payments of investment securities available for sale	64,896	12,304
Proceeds from the sale of acquired AFS securities	0	434,215
Proceeds from maturities and principal payments of investment securities held to maturity	39,653	35,023
Proceeds from life insurance death benefits	150	0
Purchases of investment securities available for sale	(83,990)	0
Purchases of investment securities available for sale	(11,449)	0
Proceeds from the sale of loans held for investment	0	8,611
Purchases of equity securities	(123)	(41)
Purchase of restricted securities	(35,682)	(26,076)
Net change in loans	(84,580)	(297,999)
Purchases of premises and equipment	(3,969)	(3,654)
Proceeds from sales of other real estate owned	0	21
Proceeds from sales of repossessed assets	1,807	0
Redemption of restricted securities	33,329	28,224
Purchases of bank owned life insurance	(138)	(187)
Proceeds from disposal of premises held for sale	0	721
Cash acquired in the acquisition of TCFC, net of cash paid	0	25,372
Net cash (used in) provided by investing activities	(80,096)	216,534
Net changes in:
Noninterest-bearing deposits	313,356	(239,293)
Interest-bearing deposits	(474,828)	206,804
Short-term borrowings	0	(109,000)
Long-term borrowings	50,000	0
Common stock dividends paid	(12,013)	(8,752)
Issuance of common stock	321	272
Net cash used in financing activities	(123,164)	(149,969)
Net (decrease) increase in cash and cash equivalents	(188,792)	53,210
Cash and cash equivalents at beginning of period	372,413	55,499
Cash and cash equivalents at end of period	183,621	108,709
Supplemental cash flows information:
Interest paid	91,619	47,243
Income taxes paid	0	7,894
Recognition (remeasurement) of lease liabilities arising from right-of-use assets	25	45
Transfers from loans to repossessed assets	2,488	0
Unrealized gains (losses) on available for sale securities	2,708	(1,498)
Transfer of premises to held for sale (included in other assets)	$ 1,387	$ 750

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 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 September 30, 2024, the consolidated results of income and comprehensive income for the three and nine months ended September 30, 2024 and 2023, changes in stockholders’ equity for the three and nine months ended September 30, 2024 and 2023 and cash flows for the nine months ended September 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 nine months ended September 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	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combinations	Business Combinations The Company accounts for business combinations utilizing the acquisition method of accounting, which necessitates that purchased assets and assumed liabilities be recorded at their respective fair values. In numerous instances, the fair values of acquired assets and assumed liabilities are ascertained by estimating the anticipated cash flows from those assets and liabilities and discounting them at appropriate market rates. The Company determines the fair values of loans, core deposit intangibles, and deposits with the assistance of a third-party vendor. Loans acquired in business combinations are recorded in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, “Business Combinations.” Accordingly, acquired loans are segregated between purchase credit impaired (“PCI”) loans (ASC 310-30) and Non-PCI loans (ASC-310-20) and are recorded at fair value without the carryover of the related allowance for loan losses. The excess of expected cash flows above the fair value of the majority of loans will be accreted to interest income over the remaining lives of the loans in accordance with FASB ASC 310-20. The estimated fair values are subject to refinement as additional information regarding the closing date fair values becomes available through the measurement period. Although significant changes to the closing date fair values are not anticipated, any information pertinent to changes in these fair values will be evaluated to determine if such changes are attributable to events and circumstances that existed as of the acquisition date. During the measurement period, any such changes will be recorded as part of the closing date fair value. The Company completed the acquisition of The Community Financial Corporation (“TCFC”), a Maryland corporation, on July 1, 2023 (the “Acquisition Date”). This followed the definitive agreement signed on December 14, 2022, by both the Company and TCFC. The merger was motivated by several primary reasons: extending the branch network and securing dominant market share positions in attractive Maryland markets, along with expanding in Virginia and Delaware; benefiting from a favorable low-cost funding base; ensuring strong cultural alignment and a deep commitment to stockholders, customers, employees, and communities served by both organizations; generating substantial value for shareholders; and improving trading liquidity for both companies while boosting dividends for TCFC shareholders. Following the merger’s completion, TCFC’s former shareholders were granted 2.3287 shares of the Company’s common stock. The total transaction consideration amounted to approximately $153.6 million. It included the issuance of 13,201,693 shares of the Company’s common stock, each valued at $11.56, based on the closing price on June 30, 2023, the final trading day before the acquisition’s finalization. The total consideration also comprised cash for any fractional shares, converted share-based payment awards, and TCFC’s debt, which was effectively settled at closing.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The following tables provide information on the amortized cost and estimated fair values of debt securities. ($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale securities: September 30, 2024 U.S. Treasury and government agencies $ 23,047 $ 6 $ 2,363 $ 20,690 Mortgage-backed-residential 111,748 234 5,761 106,221 Other debt securities 6,146 328 46 6,428 Total $ 140,941 $ 568 $ 8,170 $ 133,339 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 nine months ended September 30, 2024 and 2023. ($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Allowance for Credit Losses Held-to-maturity securities: September 30, 2024 U.S. Treasury and government agencies $ 132,870 $ 3 $ 7,375 $ 125,498 $ — Mortgage-backed-residential 339,848 51 36,293 303,606 — States and political subdivisions 1,466 42 9 1,499 — Other debt securities 10,500 — 807 9,693 101 Total $ 484,684 $ 96 $ 44,484 $ 440,296 $ 101 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 $6.0 million at September 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 a gain of $79 thousand for the three months ended September 30, 2024 and a gain of $151 thousand for the three months ended September 30, 2023. The fair value adjustment recorded through earnings totaled a gain of $38 thousand for the nine months ended September 30, 2024 and a gain of $300 thousand for the nine months ended September 30, 2023. On January 1, 2023, the Company adopted ASC 326, which made changes to accounting for AFS debt securities whereby credit losses are presented as an allowance, rather than as a write-down when management does not intend to sell and does not believe that it is more likely than not they will be required to sell prior to maturity. In addition, ASC 326 requires an ACL to be recorded on HTM debt securities measured at amortized cost. The following table summarizes the activity in the ACL on HTM securities as of the three and nine months ended September 30, 2024 and September 30, 2023. ($ in thousands) Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Balance, beginning of period $ 108 $ 163 $ 94 $ — Other debt securities, (reversal of) provision for credit losses (7) (37) 7 126 Balance, end of period $ 101 $ 126 $ 101 $ 126 The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2024 and December 31, 2023. Less than 12 Months More than 12 Months Total ($ in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2024 Available-for-sale securities: U.S. Treasury and government agencies $ — $ — $ 17,951 $ 2,363 $ 17,951 $ 2,363 Mortgage-backed-residential 20,768 53 45,536 5,708 66,304 5,761 Other debt securities — — 1,958 46 1,958 46 Total $ 20,768 $ 53 $ 65,445 $ 8,117 $ 86,213 $ 8,170 Less than 12 Months More than 12 Months Total ($ 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 101 AFS debt securities with a fair value below the amortized cost basis, totaling $8.2 million of aggregate fair value as of September 30, 2024. The Company concluded that a credit loss does not exist in its AFS securities portfolio as of September 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 September 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 September 30, 2024, the carrying value of pledged AFS securities was $54.1 million and $191.4 million of pledged HTM securities. The comparable amounts for December 31, 2023 were $54.5 million and $185.9 million, respectively. There were no obligations of states or political subdivisions with carrying values, as to any issuer, exceeding 10% of stockholders’ equity at September 30, 2024 or December 31, 2023. The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at September 30, 2024. Available for sale Held to maturity ($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,495 $ 2,498 $ 7,057 $ 7,016 Due after one year through five years 14,064 13,368 118,995 113,847 Due after five years through ten years 29,194 27,403 36,270 33,973 Due after ten years 95,188 90,070 322,362 285,460 Total $ 140,941 $ 133,339 $ 484,684 $ 440,296

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 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 following table provides information about the principal classes of the loan portfolio at September 30, 2024 and December 31, 2023. ($ in thousands) September 30, 2024 % of Total Loans December 31, 2023 % of Total Loans Construction $ 337,113 7.12 % $ 299,000 6.40 % Residential real estate 1,570,998 33.19 % 1,490,438 32.10 % Commercial real estate 2,276,381 48.09 % 2,286,154 49.30 % Commercial 225,083 4.75 % 229,939 5.00 % Consumer 317,149 6.70 % 328,896 7.10 % Credit cards 7,185 0.15 % 6,583 0.10 % Total loans 4,733,909 100.00 % 4,641,010 100.00 % Allowance for credit losses on loans (58,669) (57,351) Total loans, net $ 4,675,240 $ 4,583,659 Loans are stated at their principal amount outstanding including any purchase premiums/discounts, deferred fees and costs. Included in loans were deferred costs, net of fees, of $3.4 million and $2.2 million at September 30, 2024 and December 31, 2023. At September 30, 2024 and December 31, 2023 included in total loans were $1.52 billion and $1.64 billion in loans acquired as part of the acquisition of TCFC, effective July 1, 2023. These balances were presented net of the related discount which totaled $92.3 million and $108.4 million at September 30, 2024 and December 31, 2023, respectively. At September 30, 2024 and December 31, 2023, included in total loans were $263.4 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 $3.6 million and $4.7 million at September 30, 2024 and December 31, 2023, respectively. At September 30, 2024, the Bank was servicing $368.0 million in loans for the Federal National Mortgage Association and $118.5 million in loans for Freddie Mac. The following table provides information on nonaccrual loans by loan class as of September 30, 2024 and December 31, 2023. ($ in thousands) Non-Accrual with no allowance for credit loss Non-Accrual with an allowance for credit loss Total Non-Accrual Loans September 30, 2024 Nonaccrual loans: Construction $ 207 $ — $ 207 Residential real estate 6,500 438 6,938 Commercial real estate 3,447 2,239 5,686 Commercial 490 586 1,076 Consumer 295 463 758 Credit cards — 179 179 Total $ 10,939 $ 3,905 $ 14,844 Interest income $ 174 $ 57 $ 231 ($ 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 Total $ 11,247 $ 1,537 $ 12,784 Interest income $ 399 $ 53 $ 452 ($ in thousands) Non-Accrual Delinquent Loans Non-Accrual Current Loans Total Non-Accrual Loans September 30, 2024 Nonaccrual loans: Construction $ 207 $ — $ 207 Residential real estate 4,516 2,422 6,938 Commercial real estate 2,810 2,876 5,686 Commercial 58 1,018 1,076 Consumer 707 51 758 Credit cards 156 23 179 Total $ 8,454 $ 6,390 $ 14,844 ($ 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 Commercial real estate 1,215 3,149 4,364 Commercial 28 516 544 Consumer 903 2 905 Total $ 6,504 $ 6,280 $ 12,784 The overall quality of the Bank’s loan portfolio is primarily assessed using the Bank’s risk-grading scale. This review process is assisted by frequent internal reporting of loan production, loan quality, concentrations of credit, loan delinquencies and nonperforming and potential problem loans. Credit quality indicators are adjusted based on management’s judgment during the quarterly review process. Consumer credit cards are monitored based on a borrower payment history. Credit card loans are classified as performing and are typically charged off no later than 180 days past due when, or in the opinion of management, the collection of principal or interest is considered doubtful. As of September 30, 2024, there w ere 7 cred it 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 September 30, 2024 and gross write-offs during the nine months ended September 30, 2024. Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total ($ in thousands) Prior 2020 2021 2022 2023 2024 September 30, 2024 Construction Pass $ 33,471 $ 10,572 $ 24,666 $ 79,428 $ 90,132 $ 76,594 $ 20,283 $ 1,760 $ 336,906 Substandard 60 — — 147 — — — — 207 Total $ 33,531 $ 10,572 $ 24,666 $ 79,575 $ 90,132 $ 76,594 $ 20,283 $ 1,760 $ 337,113 Gross Charge-offs $ — $ — $ (12) $ — $ — $ — $ — $ — $ (12) Residential real estate Pass $ 343,013 $ 101,078 $ 242,689 $ 402,062 $ 255,274 $ 82,959 $ 120,721 $ 14,124 $ 1,561,920 Special Mention 395 530 — — — — 163 — 1,088 Substandard 5,511 — 1,353 295 355 — 476 — 7,990 Total $ 348,919 $ 101,608 $ 244,042 $ 402,357 $ 255,629 $ 82,959 $ 121,360 $ 14,124 $ 1,570,998 Gross Charge-offs $ (1) $ — $ — $ — $ — $ — $ — $ — $ (1) Commercial real estate Pass $ 800,556 $ 282,792 $ 407,056 $ 432,621 $ 213,652 $ 82,252 $ 34,021 $ — $ 2,252,950 Special Mention 7,162 — 5,428 — — — 531 — 13,121 Substandard 7,227 — 3,055 — — — 28 — 10,310 Total $ 814,945 $ 282,792 $ 415,539 $ 432,621 $ 213,652 $ 82,252 $ 34,580 $ — $ 2,276,381 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 27,330 $ 11,866 $ 43,586 $ 31,181 $ 30,278 $ 28,198 $ 48,252 $ 849 $ 221,540 Special Mention 120 — — — — — — 69 189 Substandard 593 — 9 1,324 524 — 553 351 3,354 Total $ 28,043 $ 11,866 $ 43,595 $ 32,505 $ 30,802 $ 28,198 $ 48,805 $ 1,269 $ 225,083 Gross Charge-offs $ (45) $ (11) $ — $ (56) $ (65) $ — $ — $ — $ (177) Consumer Pass $ 889 $ 11,679 $ 64,634 $ 122,668 $ 68,778 $ 47,032 $ 711 $ — $ 316,391 Special Mention — — — — — — — — — Substandard 2 3 97 555 101 — — — 758 Total $ 891 $ 11,682 $ 64,731 $ 123,223 $ 68,879 $ 47,032 $ 711 $ — $ 317,149 Gross Charge-offs $ (545) $ (9) $ (217) $ (1,578) $ (35) $ — $ (17) $ — $ (2,401) Total Pass $ 1,205,259 $ 417,987 $ 782,631 $ 1,067,960 $ 658,114 $ 317,035 $ 223,988 $ 16,733 $ 4,689,707 Special Mention 7,677 530 5,428 — — — 694 69 14,398 Substandard 13,393 3 4,514 2,321 980 — 1,057 351 22,619 Total loans by risk category $ 1,226,329 $ 418,520 $ 792,573 $ 1,070,281 $ 659,094 $ 317,035 $ 225,739 $ 17,153 $ 4,726,724 Total gross charge-offs $ (591) $ (20) $ (229) $ (1,634) $ (100) $ — $ (17) $ — $ (2,591) Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total ($ in thousands) Prior 2020 2021 2022 2023 2024 September 30, 2024 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 7,006 $ — $ 7,006 Non-Performing — — — — — — 179 — 179 Total $ — $ — $ — $ — $ — $ — $ 7,185 $ — $ 7,185 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (405) $ — $ (405) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 7,185 $ — $ 7,185 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (405) $ — $ (405) Total Recorded Investment $ 1,226,329 $ 418,520 $ 792,573 $ 1,070,281 $ 659,094 $ 317,035 $ 232,924 $ 17,153 $ 4,733,909 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 ($ 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 Non-Performing — — — — — — — — — 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 September 30, 2024 and December 31, 2023. Accruing ($ 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 September 30, 2024 Construction $ 410 $ — $ — $ — $ 207 $ 617 $ 336,496 $ — $ 337,113 Residential real estate 956 389 205 2,377 2,139 6,066 1,562,510 2,422 1,570,998 Commercial real estate 95 4,443 — 2,239 571 7,348 2,266,157 2,876 2,276,381 Commercial 56 1 6 — 58 121 223,944 1,018 225,083 Consumer 1,558 896 9 439 268 3,170 313,928 51 317,149 Credit Cards 61 98 234 30 126 549 6,613 23 7,185 Total $ 3,136 $ 5,827 $ 454 $ 5,085 $ 3,369 $ 17,871 $ 4,709,648 $ 6,390 $ 4,733,909 Percent of total loans 0.07 % 0.12 % 0.01 % 0.11 % 0.07 % 0.38 % 99.49 % 0.13 % 100.0 % ____________________________________ (1) Includes loans measured at fair value of $10.0 million at September 30, 2024. Accruing ($ 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 % 0.36 % 99.50 % 0.14 % 100.00 % ____________________________________ (1) Includes loans measured at fair value of $9.9 million at December 31, 2023. The following tables provide a summary of the activity in the ACL allocated by loan class for the three and nine months ended September 30, 2024 and September 30, 2023. Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses in other loan classes. ($ in thousands) Beginning Balance Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For three months ended September 30, 2024 Construction $ 3,471 $ — $ 1 $ 1 $ (578) $ 2,894 Residential real estate 22,060 — 1 1 1,468 23,529 Commercial real estate 21,424 — — — (147) 21,277 Commercial 2,866 (154) 1 (153) 512 3,225 Consumer (1) 8,145 (1,015) 88 (927) 36 7,254 Credit Card 512 (210) — (210) 188 490 Total $ 58,478 $ (1,379) $ 91 $ (1,288) $ 1,479 $ 58,669 ____________________________________ (1) Gross charge-offs of consumer loans for the three months ended September 30, 2024 included $156 thousand of demand deposit overdrafts. ($ in thousands) Beginning Balance Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For Three Months Ended September 30, 2023 Construction $ 2,386 $ 3 $ — $ 3 $ 3 $ 1,439 $ 3,831 Residential real estate 9,151 215 — 3 3 9,806 19,175 Commercial real estate 10,267 985 (1,327) — (1,327) 12,875 22,800 Commercial 1,956 278 — 2 2 2,101 4,337 Consumer (1) 5,254 14 (115) 45 (70) 1,658 6,856 Credit Card — 18 (60) — (60) 94 52 Total $ 29,014 $ 1,513 $ (1,502) $ 53 $ (1,449) $ 27,973 $ 57,051 ____________________________________ (1) Gross charge-offs of consumer loans for the three months ended September 30, 2023 included $1.5 million of demand deposit overdrafts. (2) Merger adjustments consist of gross-up for acquired PCD loans in the TCFC merger. ($ in thousands) Beginning Charge- Recoveries Net (charge-offs) Provisions Ending For Nine Months Ended September 30, 2024 Construction $ 3,935 $ (12) $ 7 $ (5) $ (1,036) $ 2,894 Residential real estate 21,949 (1) 5 4 1,576 23,529 Commercial real estate 20,975 — — — 302 21,277 Commercial 2,671 (177) 4 (173) 727 3,225 Consumer (1) 7,601 (2,401) 232 (2,169) 1,822 7,254 Credit Card 220 (405) 9 (396) 666 490 Total $ 57,351 $ (2,996) $ 257 $ (2,739) $ 4,057 $ 58,669 ____________________________________ (1) Gross charge-offs of consumer loans for the nine months ended September 30, 2024 included $512 thousands of demand deposit overdrafts. ($ in thousands) Beginning Balance Impact of ASC 326 Adoption Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For Nine Months Ended September 30, 2023 Construction $ 2,973 $ 1,222 $ 3 $ — 10 $ 10 $ (377) $ 3,831 Residential real estate 2,622 4,974 215 — 37 37 11,327 19,175 Commercial real estate 4,899 3,742 985 (1,327) — (1,327) 14,501 22,800 Commercial 1,652 401 278 — 10 10 1,996 4,337 Consumer (1) 4,497 452 14 (399) 210 (189) 2,082 6,856 Credit Card — — 18 (60) — (60) 94 52 Total $ 16,643 $ 10,791 $ 1,513 $ (1,786) $ 267 $ (1,519) $ 29,623 $ 57,051 ____________________________________ (1) Gross charge-offs of consumer loans for the nine months ended September 30, 2023 included $1.8 million of demand deposit overdrafts. (2) Merger adjustments consist of gross-up for acquired PCD loans in the TCFC merger. The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. September 30, 2024 ($ in thousands) Real Estate Collateral Other Collateral Total Construction $ 207 $ — $ 207 Residential real estate 19,600 — 19,600 Commercial real estate 11,905 — 11,905 Commercial — 3,160 3,160 Consumer — 756 756 Total $ 31,712 $ 3,916 $ 35,628 December 31, 2023 ($ 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 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. During the three and nine months ended September 30, 2024 and 2023, no loan modifications were made to borrowers experiencing financial difficulty. During the three and nine months ended September 30, 2024 and 2023, there were no defaults on loan modifications made to borrowers experiencing financial difficulty. As of September 30, 2024, all loan modification balances with borrowers experiencing financial difficulty that were modified during the preceding 12 months were classified as current non-accrual, of which $98 thousand were for commercial real estate loans and $216 thousand were for commercial loans. Foreclosure Proceedings There were $127 thousand of consumer mortgage loans collateralized by residential real estate property and $552 thousand of Commercial Real Estate loans collateralized by Owner Occupied nonfarm nonresidential properties that were in the process of foreclosure as of September 30, 2024 and $175 thousand as of December 31, 2023, respectively. There were no residential real estate properties included in the balance of other real estate owned (“OREO”) at September 30, 2024 and December 31, 2023.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023. September 30, 2024 ($ in thousands) Goodwill Core Deposit Intangible Gross Carrying Amount $ 65,476 $ 59,151 Additions — — Accumulated Impairment Charges (1,543) — Accumulated Amortization (667) (18,542) Net Carrying Amount $ 63,266 $ 40,609 Weighted Average Remaining Life (in years) 0.00 years 3.60 years December 31, 2023 ($ in thousands) Goodwill Core Deposit Intangible Gross Carrying Amount $ 65,476 $ 10,503 Additions — 48,648 Accumulated Impairment Charges (1,543) — Accumulated Amortization (667) (11,061) Net Carrying Amount $ 63,266 $ 48,090 Weighted Average Remaining Life (in years) 0.00 years 3.70 years The aggregate amortization expense was $2.3 million for the three months ended September 30, 2024 and $2.6 million for the three months ended September 30, 2023. The aggregate amortization expense was $7.5 million for the nine months ended September 30, 2024 and $3.5 million for the nine months ended September 30, 2023. At September 30, 2024, estimated future remaining amortization for amortizing core deposit intangibles within the years ending December 31, is as follows: ($ in thousands) Amortization Expense 2024 $ 2,298 2025 8,589 2026 7,398 2027 6,208 2028 5,060 Thereafter 11,056 Total amortizing intangible assets $ 40,609

Leases

Leases	9 Months Ended
	Sep. 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. ($ in thousands) September 30, 2024 December 31, 2023 Lease liabilities $ 11,816 $ 12,857 Right-of-use assets $ 11,384 $ 12,487 Weighted average remaining lease term 10.51 years 10.88 years Weighted average discount rate 3.27 % 3.24 % Remaining lease term - min 0.08 years 0.39 years Remaining lease term - max 16.93 years 17.68 years Three Months Ended September 30, Nine Months Ended September 30, Lease cost ($ in thousands) 2024 2023 2024 2023 Operating lease cost $ 473 $ 485 $ 1,445 $ 1,153 Total lease cost $ 473 $ 485 $ 1,445 $ 1,153 Cash paid for amounts included in the measurement of lease liabilities $ 449 $ 459 $ 1,367 $ 1,090 A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: Lease payments due ($ in thousands) As of September 30, 2024 Three months ending December 31, 2024 $ 431 2025 1,648 2026 1,636 2027 1,517 2028 1,467 Thereafter 7,233 Total undiscounted cash flows $ 13,932 Discount 2,116 Lease liabilities $ 11,816 Total gross rental income was $266 thousand and $253 thousand for the three months ended September 30, 2024 and 2023, respectively. Total gross rental income was $799 thousand and $937 thousand for the nine months ended September 30, 2024 and 2023, respectively. The following table presents our minimum future annual rental income on such leases as of September 30, 2024. ($ in thousands) As of September 30, 2024 Three months ending December 31, 2024 $ 224 2025 904 2026 927 2027 614 2028 632 Thereafter 2,478 Total $ 5,779

Deposits

Deposits	9 Months Ended
	Sep. 30, 2024
Deposits [Abstract]
Deposits	Deposits Deposits consist of the following categories as of the dates indicated: ($ in thousands) September 30, 2024 December 31, 2023 Balance % Balance % Noninterest-bearing demand $ 1,571,393 30.07 % $ 1,258,037 23.36 % Interest-bearing: Demand 751,533 14.38 % 1,165,546 21.64 % Money market deposits 1,297,237 24.82 % 1,430,603 26.56 % Savings 336,903 6.45 % 347,324 6.45 % Certificates of deposit 1,268,657 24.28 % 1,184,610 21.99 % Total interest-bearing 3,654,330 69.93 % 4,128,083 76.64 % Total Deposits $ 5,225,723 100.00 % $ 5,386,120 100.00 % At September 30, 2024, the scheduled contractual maturities of certificates of deposit are as follows: ($ in thousands) September 30, 2024 Within one year $ 1,083,147 Year 2 157,446 Year 3 15,407 Year 4 6,570 Year 5 6,083 Thereafter 4 $ 1,268,657

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings Long-term debt consisted of the following: ($ in thousands) September 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 7,217 7,217 2004 2034 90-day SOFR + 2.60% Tri-County Capital Trust II 5,155 5,155 2005 2035 90-day SOFR + 1.70% Total trust preferred securities 32,991 32,991 Less net discount and unamortized issuance costs (4,035) (4,822) Total long-term debt $ 123,456 $ 72,669 At September 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 $18.8 million, respectively. The Company also assumed TRUPS in the aggregate of $33.0 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, $7.2 million issued by Tri-County Capital Trust I and $5.2 million issued by Tri-County Capital Trust II. The recorded balance of the debt acquired from Severn at September 30, 2024 was $18.7 million, net of the unamortized fair value adjustment of $1.9 million. At September 30, 2024, the junior subordinated debt securities of Tri-County Capital Trust I and Tri-County Capital Trust II had a recorded balance of $6.6 million and $4.4 million, which are presented as net of the unamortized fair value adjustment of $583 thousand and $748 thousand, 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 September 30, 2024 and zero at December 31, 2023. The Company did not have any short-term borrowings from the FHLB at September 30, 2024 and December 31, 2023.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 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 The following table summarizes restricted stock award and restricted stock unit activity for the Company under the 2016 Equity Plan for the nine months ended September 30, 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 (44,655) 15.33 (79,553) 11.56 — — Forfeited — — (3,256) 11.56 — — Nonvested at end of period 52,277 $ 11.52 135,525 $ 11.46 43,651 $ 11.32 The fair value of restricted stock awards that vested during the three months ended September 30, 2024 and 2023 was $241 thousand and $12 thousand, respectively. The fair value of restricted stock units vested during the three months ended September 30, 2024 and 2023 was $505 thousand and $122 thousand respectively. The fair value of restricted stock awards vested during the nine months ended September 30, 2024 and 2023 was $577 thousand and $535 thousand, respectively. The fair value of restricted stock units that vested during the nine months ended September 30, 2024 and 2023 was $907 thousand and $122 thousand, respectively. There were no performance stock units that vested during the three and nine months ended September 30, 2024 and 2023.

Derivatives

Derivatives	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023. September 30, 2024 December 31, 2023 ($ in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 14,199 $ 219 $ 6,785 $ 110 Asset - TBA securities 20,750 46 1,000 2 Liability - TBA securities 16,000 37 18,000 176

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 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 nine months ended September 30, 2024 and 2023. Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 ($ in thousands) Net Unrealized Gains (Losses) Net Unrealized Losses Net Unrealized Gains (Losses) Net Unrealized Losses Beginning of period $ (8,260) $ (8,561) $ (7,494) $ (9,021) Other comprehensive income (loss), net of tax 2,734 (1,548) 1,968 (1,088) End of period $ (5,526) $ (10,109) $ (5,526) $ (10,109)

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 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 September 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 September 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 the Bank as of September 30, 2024 and December 31, 2023. The Company The Bank Regulatory min ratio + CCB (1) To Be Well-Capitalized Under Prompt Corrective Action Regulation (5) ($ in thousands) Amount Ratio Amount Ratio September 30, 2024 Common Tier 1 Capital to RWA $ 446,402 9.27 % 509,511 10.60 % 7.00 % 6.50 % Tier 1 Capital to RWA 476,170 9.89 % 509,511 10.60 % 8.50 % 8.00 % Total Capital to RWA 579,664 12.04 % 569,317 11.84 % 10.50 % 10.00 % Tier 1 Capital to AA (Leverage) (2) 476,170 8.31 % 509,511 8.90 % 4.00 % 5.00 % December 31, 2023 Common Tier 1 Capital to RWA $ 408,317 8.69 % 470,200 10.02 % 7.00 % 6.50 % Tier 1 Capital to RWA 437,847 9.32 % 470,200 10.02 % 8.50 % 8.00 % Total Capital to RWA 539,572 11.49 % 528,786 11.27 % 10.50 % 10.00 % Tier 1 Capital to AA (Leverage) (2) 437,847 7.75 % 470,200 8.33 % 4.00 % 5.00 % Regulatory Capital and Ratios The Company The Bank ($ in thousands) September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 Common equity $ 533,271 $ 511,135 $ 595,954 $ 570,100 Goodwill (4) (61,397) (63,266) (61,397) (63,266) Core deposit intangible (3) (30,572) (38,069) (30,572) (38,069) DTAs that arise from net operating loss and tax credit carry forwards (426) (8,977) — (6,059) AOCI losses 5,526 7,494 5,526 7,494 Common Equity Tier 1 Capital 446,402 408,317 509,511 470,200 TRUPs 29,768 29,530 — — Tier 1 Capital 476,170 437,847 509,511 470,200 Allowable reserve for credit losses and other Tier 2 adjustments 59,806 58,586 59,806 58,586 Subordinated debentures 43,688 43,139 — — Total Capital $ 579,664 $ 539,572 $ 569,317 $ 528,786 Risk-Weighted Assets (“RWA”) $ 4,816,165 $ 4,697,504 $ 4,808,058 $ 4,693,009 Average Assets (“AA”) $ 5,729,576 $ 5,649,116 $ 5,721,995 $ 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. (5) Applies to the Bank only. Bank and holding company regulations impose certain restrictions on dividend payments by the Bank, as well as restricting extensions of credit and transfers of assets between the Bank and the Company. At September 30, 2024, the Bank could pay dividends to the Company to the extent of its current period earnings plus the earnings of the preceding two years, so long as it maintained required capital ratios.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 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). ($ in thousands) Fair Value Valuation Technique Unobservable Input Range September 30, 2024 MSRs (1) $ 5,309 Market Approach Weighted average prepayment speed (PSA) (2) 220 IRLCs - net asset $ 219 Market Approach Range of pull through rate 78% - 100% Average pull through rate 97% ($ 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 nine months ended September 30, 2024. ($ in thousands) Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Beginning balance $ 5,995 $ 5,926 Servicing rights resulting from sales of loans 55 253 Valuation adjustment (741) (870) Ending balance $ 5,309 $ 5,309 The following table presents activity in the IRLCs - net asset for the three and nine months ended September 30, 2024. ($ in thousands) Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Beginning balance $ 208 $ 110 Valuation adjustment 11 109 Ending balance $ 219 $ 219 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 September 30, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first nine months of 2024 or 2023. ($ in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2024 Assets: Securities available for sale: U.S. Government agencies $ 20,690 $ — $ 20,690 $ — Mortgage-backed 106,221 — 106,221 — Other debt securities 6,428 — 6,428 — 133,339 — 133,339 — Equity securities 5,950 — 5,950 — TBA forward trades 46 — 46 — Loans Held for Sale 26,877 — 26,877 — Loans Held for Investment, at fair value 10,023 — 10,023 — MSRs 5,309 — — 5,309 IRLCs 219 — — 219 Total assets at fair value $ 181,763 $ — $ 176,235 $ 5,528 Liabilities: TBA securities 37 — 37 — Total liabilities at fair value $ 37 $ — $ 37 $ — ($ 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 Assets The Company records repossessed assets at fair value on a nonrecurring basis. All repossessed assets 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 an asset. The Company considers any valuation inputs related to repossessed assets 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 September 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 ($ in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) September 30, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 2,983 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 19% - 100% 10% 64% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) N/A 0% Repossessed assets $ 306 Appraisal of collateral (1) Appraisal adjustment (2) N/A 36% Quantitative Information about Level 3 Fair Value Measurements ($ 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% 0% _________________________________ (1) Unobservable inputs were weighted by the relative fair value of the instruments. No range is presented only when one instrument was available (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 September 30, 2024 and December 31, 2023 were estimated using an exit price notion. September 30, 2024 Carrying Amount Fair Value Fair Value Measurements Description of Asset ($ in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 183,621 $ 183,621 $ 183,621 $ — $ — Investment securities - AFS 133,339 133,339 — 133,339 — Investment securities - HTM, net 484,583 440,296 — 440,296 — Equity securities 5,950 5,950 — 5,950 — Restricted securities 20,253 20,253 — 20,253 — Loans held for sale 26,877 26,877 — 26,877 — TBA derivatives trades 46 46 — 46 — Cash surrender value on life insurance 103,729 103,729 — 103,729 — Loans, at fair value 10,023 10,023 — 10,023 — Loans, net 4,665,217 4,499,722 — — 4,499,722 MSRs 5,309 5,309 — — 5,309 IRLCs 219 219 — — 219 Liabilities Deposits: Noninterest-bearing demand $ 1,571,393 $ 1,571,393 $ — $ 1,571,393 $ — Checking plus interest 751,533 751,533 — 751,533 — Money Market 1,297,237 1,297,237 — 1,297,237 — Savings 335,161 335,161 — 335,161 — Club 1,742 1,742 — 1,742 — Certificates of Deposit 1,268,657 1,270,865 — 1,270,865 — Advances from FHLB 50,000 50,545 — 50,545 — Subordinated debt, net 43,688 43,461 — 43,461 — TRUPS, net 29,768 28,572 — 28,572 — TBA Securities 37 37 — 37 — December 31, 2023 Carrying Amount Fair Value Fair Value Measurements Description of Asset ($ 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 29,530 28,266 — 28,266 — TBA Securities 176 176 — 176 —

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 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). ($ in thousands) Fair Value Valuation Technique Unobservable Input Range September 30, 2024 MSRs (1) $ 5,309 Market Approach Weighted average prepayment speed (PSA) (2) 220 IRLCs - net asset $ 219 Market Approach Range of pull through rate 78% - 100% Average pull through rate 97% ($ 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 nine months ended September 30, 2024. ($ in thousands) Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Beginning balance $ 5,995 $ 5,926 Servicing rights resulting from sales of loans 55 253 Valuation adjustment (741) (870) Ending balance $ 5,309 $ 5,309 The following table presents activity in the IRLCs - net asset for the three and nine months ended September 30, 2024. ($ in thousands) Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Beginning balance $ 208 $ 110 Valuation adjustment 11 109 Ending balance $ 219 $ 219 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 September 30, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first nine months of 2024 or 2023. ($ in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2024 Assets: Securities available for sale: U.S. Government agencies $ 20,690 $ — $ 20,690 $ — Mortgage-backed 106,221 — 106,221 — Other debt securities 6,428 — 6,428 — 133,339 — 133,339 — Equity securities 5,950 — 5,950 — TBA forward trades 46 — 46 — Loans Held for Sale 26,877 — 26,877 — Loans Held for Investment, at fair value 10,023 — 10,023 — MSRs 5,309 — — 5,309 IRLCs 219 — — 219 Total assets at fair value $ 181,763 $ — $ 176,235 $ 5,528 Liabilities: TBA securities 37 — 37 — Total liabilities at fair value $ 37 $ — $ 37 $ — ($ 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 Assets The Company records repossessed assets at fair value on a nonrecurring basis. All repossessed assets 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 an asset. The Company considers any valuation inputs related to repossessed assets 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 September 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 ($ in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) September 30, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 2,983 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 19% - 100% 10% 64% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) N/A 0% Repossessed assets $ 306 Appraisal of collateral (1) Appraisal adjustment (2) N/A 36% Quantitative Information about Level 3 Fair Value Measurements ($ 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% 0% _________________________________ (1) Unobservable inputs were weighted by the relative fair value of the instruments. No range is presented only when one instrument was available (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 September 30, 2024 and December 31, 2023 were estimated using an exit price notion. September 30, 2024 Carrying Amount Fair Value Fair Value Measurements Description of Asset ($ in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 183,621 $ 183,621 $ 183,621 $ — $ — Investment securities - AFS 133,339 133,339 — 133,339 — Investment securities - HTM, net 484,583 440,296 — 440,296 — Equity securities 5,950 5,950 — 5,950 — Restricted securities 20,253 20,253 — 20,253 — Loans held for sale 26,877 26,877 — 26,877 — TBA derivatives trades 46 46 — 46 — Cash surrender value on life insurance 103,729 103,729 — 103,729 — Loans, at fair value 10,023 10,023 — 10,023 — Loans, net 4,665,217 4,499,722 — — 4,499,722 MSRs 5,309 5,309 — — 5,309 IRLCs 219 219 — — 219 Liabilities Deposits: Noninterest-bearing demand $ 1,571,393 $ 1,571,393 $ — $ 1,571,393 $ — Checking plus interest 751,533 751,533 — 751,533 — Money Market 1,297,237 1,297,237 — 1,297,237 — Savings 335,161 335,161 — 335,161 — Club 1,742 1,742 — 1,742 — Certificates of Deposit 1,268,657 1,270,865 — 1,270,865 — Advances from FHLB 50,000 50,545 — 50,545 — Subordinated debt, net 43,688 43,461 — 43,461 — TRUPS, net 29,768 28,572 — 28,572 — TBA Securities 37 37 — 37 — December 31, 2023 Carrying Amount Fair Value Fair Value Measurements Description of Asset ($ 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 29,530 28,266 — 28,266 — TBA Securities 176 176 — 176 —

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023. ($ in thousands) September 30, 2024 December 31, 2023 Commitments to extend credit $ 695,887 $ 613,266 Letters of credit 27,183 28,519 Total $ 723,070 $ 641,785

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (In thousands, except per share data) 2024 2023 2024 2023 Net income (loss) $ 11,189 $ (9,737) $ 30,607 $ 738 Average number of common shares outstanding 33,318 33,129 33,247 24,354 Dilutive effect of common stock equivalents 21 — 7 — Average number of common shares used to calculate diluted EPS 33,339 33,129 33,254 24,354 Anti-dilutive shares — 219 — 219 Earnings (loss) per common share Basic $ 0.34 $ (0.29) $ 0.92 $ 0.03 Diluted $ 0.34 $ (0.29) $ 0.92 $ 0.03 There were 0 and 219 thousand anti-dilutive unvested restricted stock and performance stock unit awards excluded from the calculation of diluted earnings (loss) per share for the three months ended September 30, 2024 and 2023, respectively. There were 0 and 219 thousand anti-dilutive unvested restricted stock and performance stock unit awards excluded from the calculation of diluted earnings per share for the nine months ended September 30, 2024 and 2023, respectively.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 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 September 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 nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2024 2023 2024 2023 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 1,543 $ 1,505 $ 4,543 $ 3,981 Trust and investment fee income 880 1,933 2,510 2,764 Interchange income 1,711 1,557 5,015 4,081 Title Company revenue 100 89 344 412 Other noninterest income 506 1,265 2,289 2,212 Noninterest Income (in-scope of Topic 606) 4,740 6,349 14,701 13,450 Noninterest Income (out-of-scope of Topic 606) 2,547 8,635 7,593 12,163 Total Noninterest Income $ 7,287 $ 14,984 $ 22,294 $ 25,613

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 11,189	$ 11,234	$ 8,184	$ (9,737)	$ 4,018	$ 6,457	$ 30,607	$ 738

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 September 30, 2024, the consolidated results of income and comprehensive income for the three and nine months ended September 30, 2024 and 2023, changes in stockholders’ equity for the three and nine months ended September 30, 2024 and 2023 and cash flows for the nine months ended September 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 nine months ended September 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 September 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.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-Sale Securities Reconciliation	The following tables provide information on the amortized cost and estimated fair values of debt securities. ($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available-for-sale securities: September 30, 2024 U.S. Treasury and government agencies $ 23,047 $ 6 $ 2,363 $ 20,690 Mortgage-backed-residential 111,748 234 5,761 106,221 Other debt securities 6,146 328 46 6,428 Total $ 140,941 $ 568 $ 8,170 $ 133,339 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	($ in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Allowance for Credit Losses Held-to-maturity securities: September 30, 2024 U.S. Treasury and government agencies $ 132,870 $ 3 $ 7,375 $ 125,498 $ — Mortgage-backed-residential 339,848 51 36,293 303,606 — States and political subdivisions 1,466 42 9 1,499 — Other debt securities 10,500 — 807 9,693 101 Total $ 484,684 $ 96 $ 44,484 $ 440,296 $ 101 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
Activity in the ACL on held-to maturity securities	The following table summarizes the activity in the ACL on HTM securities as of the three and nine months ended September 30, 2024 and September 30, 2023. ($ in thousands) Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Balance, beginning of period $ 108 $ 163 $ 94 $ — Other debt securities, (reversal of) provision for credit losses (7) (37) 7 126 Balance, end of period $ 101 $ 126 $ 101 $ 126
Available-For-Sale Securities and Held-to-Maturity, Continuous Unrealized Loss Position, Fair Value	The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2024 and December 31, 2023. Less than 12 Months More than 12 Months Total ($ in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2024 Available-for-sale securities: U.S. Treasury and government agencies $ — $ — $ 17,951 $ 2,363 $ 17,951 $ 2,363 Mortgage-backed-residential 20,768 53 45,536 5,708 66,304 5,761 Other debt securities — — 1,958 46 1,958 46 Total $ 20,768 $ 53 $ 65,445 $ 8,117 $ 86,213 $ 8,170 Less than 12 Months More than 12 Months Total ($ 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 September 30, 2024. Available for sale Held to maturity ($ in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 2,495 $ 2,498 $ 7,057 $ 7,016 Due after one year through five years 14,064 13,368 118,995 113,847 Due after five years through ten years 29,194 27,403 36,270 33,973 Due after ten years 95,188 90,070 322,362 285,460 Total $ 140,941 $ 133,339 $ 484,684 $ 440,296

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of financing receivables	The following table provides information about the principal classes of the loan portfolio at September 30, 2024 and December 31, 2023. ($ in thousands) September 30, 2024 % of Total Loans December 31, 2023 % of Total Loans Construction $ 337,113 7.12 % $ 299,000 6.40 % Residential real estate 1,570,998 33.19 % 1,490,438 32.10 % Commercial real estate 2,276,381 48.09 % 2,286,154 49.30 % Commercial 225,083 4.75 % 229,939 5.00 % Consumer 317,149 6.70 % 328,896 7.10 % Credit cards 7,185 0.15 % 6,583 0.10 % Total loans 4,733,909 100.00 % 4,641,010 100.00 % Allowance for credit losses on loans (58,669) (57,351) Total loans, net $ 4,675,240 $ 4,583,659
Schedule of Non accrual Loans	The following table provides information on nonaccrual loans by loan class as of September 30, 2024 and December 31, 2023. ($ in thousands) Non-Accrual with no allowance for credit loss Non-Accrual with an allowance for credit loss Total Non-Accrual Loans September 30, 2024 Nonaccrual loans: Construction $ 207 $ — $ 207 Residential real estate 6,500 438 6,938 Commercial real estate 3,447 2,239 5,686 Commercial 490 586 1,076 Consumer 295 463 758 Credit cards — 179 179 Total $ 10,939 $ 3,905 $ 14,844 Interest income $ 174 $ 57 $ 231 ($ 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 Total $ 11,247 $ 1,537 $ 12,784 Interest income $ 399 $ 53 $ 452 ($ in thousands) Non-Accrual Delinquent Loans Non-Accrual Current Loans Total Non-Accrual Loans September 30, 2024 Nonaccrual loans: Construction $ 207 $ — $ 207 Residential real estate 4,516 2,422 6,938 Commercial real estate 2,810 2,876 5,686 Commercial 58 1,018 1,076 Consumer 707 51 758 Credit cards 156 23 179 Total $ 8,454 $ 6,390 $ 14,844 ($ 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 Commercial real estate 1,215 3,149 4,364 Commercial 28 516 544 Consumer 903 2 905 Total $ 6,504 $ 6,280 $ 12,784
Schedule of financing receivable credit quality indicators	The following tables provides information on loan risk ratings as of September 30, 2024 and gross write-offs during the nine months ended September 30, 2024. Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total ($ in thousands) Prior 2020 2021 2022 2023 2024 September 30, 2024 Construction Pass $ 33,471 $ 10,572 $ 24,666 $ 79,428 $ 90,132 $ 76,594 $ 20,283 $ 1,760 $ 336,906 Substandard 60 — — 147 — — — — 207 Total $ 33,531 $ 10,572 $ 24,666 $ 79,575 $ 90,132 $ 76,594 $ 20,283 $ 1,760 $ 337,113 Gross Charge-offs $ — $ — $ (12) $ — $ — $ — $ — $ — $ (12) Residential real estate Pass $ 343,013 $ 101,078 $ 242,689 $ 402,062 $ 255,274 $ 82,959 $ 120,721 $ 14,124 $ 1,561,920 Special Mention 395 530 — — — — 163 — 1,088 Substandard 5,511 — 1,353 295 355 — 476 — 7,990 Total $ 348,919 $ 101,608 $ 244,042 $ 402,357 $ 255,629 $ 82,959 $ 121,360 $ 14,124 $ 1,570,998 Gross Charge-offs $ (1) $ — $ — $ — $ — $ — $ — $ — $ (1) Commercial real estate Pass $ 800,556 $ 282,792 $ 407,056 $ 432,621 $ 213,652 $ 82,252 $ 34,021 $ — $ 2,252,950 Special Mention 7,162 — 5,428 — — — 531 — 13,121 Substandard 7,227 — 3,055 — — — 28 — 10,310 Total $ 814,945 $ 282,792 $ 415,539 $ 432,621 $ 213,652 $ 82,252 $ 34,580 $ — $ 2,276,381 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 27,330 $ 11,866 $ 43,586 $ 31,181 $ 30,278 $ 28,198 $ 48,252 $ 849 $ 221,540 Special Mention 120 — — — — — — 69 189 Substandard 593 — 9 1,324 524 — 553 351 3,354 Total $ 28,043 $ 11,866 $ 43,595 $ 32,505 $ 30,802 $ 28,198 $ 48,805 $ 1,269 $ 225,083 Gross Charge-offs $ (45) $ (11) $ — $ (56) $ (65) $ — $ — $ — $ (177) Consumer Pass $ 889 $ 11,679 $ 64,634 $ 122,668 $ 68,778 $ 47,032 $ 711 $ — $ 316,391 Special Mention — — — — — — — — — Substandard 2 3 97 555 101 — — — 758 Total $ 891 $ 11,682 $ 64,731 $ 123,223 $ 68,879 $ 47,032 $ 711 $ — $ 317,149 Gross Charge-offs $ (545) $ (9) $ (217) $ (1,578) $ (35) $ — $ (17) $ — $ (2,401) Total Pass $ 1,205,259 $ 417,987 $ 782,631 $ 1,067,960 $ 658,114 $ 317,035 $ 223,988 $ 16,733 $ 4,689,707 Special Mention 7,677 530 5,428 — — — 694 69 14,398 Substandard 13,393 3 4,514 2,321 980 — 1,057 351 22,619 Total loans by risk category $ 1,226,329 $ 418,520 $ 792,573 $ 1,070,281 $ 659,094 $ 317,035 $ 225,739 $ 17,153 $ 4,726,724 Total gross charge-offs $ (591) $ (20) $ (229) $ (1,634) $ (100) $ — $ (17) $ — $ (2,591) Term Loans by Origination Year Revolving Loans Revolving Converted to Term Loans Total ($ in thousands) Prior 2020 2021 2022 2023 2024 September 30, 2024 Credit Cards Performing $ — $ — $ — $ — $ — $ — $ 7,006 $ — $ 7,006 Non-Performing — — — — — — 179 — 179 Total $ — $ — $ — $ — $ — $ — $ 7,185 $ — $ 7,185 Gross Charge-offs $ — $ — $ — $ — $ — $ — $ (405) $ — $ (405) Total loans evaluated by performing status $ — $ — $ — $ — $ — $ — $ 7,185 $ — $ 7,185 Total gross charge-offs $ — $ — $ — $ — $ — $ — $ (405) $ — $ (405) Total Recorded Investment $ 1,226,329 $ 418,520 $ 792,573 $ 1,070,281 $ 659,094 $ 317,035 $ 232,924 $ 17,153 $ 4,733,909
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 ($ 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 Non-Performing — — — — — — — — — 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 September 30, 2024 and December 31, 2023. Accruing ($ 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 September 30, 2024 Construction $ 410 $ — $ — $ — $ 207 $ 617 $ 336,496 $ — $ 337,113 Residential real estate 956 389 205 2,377 2,139 6,066 1,562,510 2,422 1,570,998 Commercial real estate 95 4,443 — 2,239 571 7,348 2,266,157 2,876 2,276,381 Commercial 56 1 6 — 58 121 223,944 1,018 225,083 Consumer 1,558 896 9 439 268 3,170 313,928 51 317,149 Credit Cards 61 98 234 30 126 549 6,613 23 7,185 Total $ 3,136 $ 5,827 $ 454 $ 5,085 $ 3,369 $ 17,871 $ 4,709,648 $ 6,390 $ 4,733,909 Percent of total loans 0.07 % 0.12 % 0.01 % 0.11 % 0.07 % 0.38 % 99.49 % 0.13 % 100.0 % ____________________________________ (1) Includes loans measured at fair value of $10.0 million at September 30, 2024. Accruing ($ 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 % 0.36 % 99.50 % 0.14 % 100.00 % ____________________________________ (1) Includes loans measured at fair value of $9.9 million at December 31, 2023.
Schedule of consolidated allowance for credit losses on financing receivables	The following tables provide a summary of the activity in the ACL allocated by loan class for the three and nine months ended September 30, 2024 and September 30, 2023. Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses in other loan classes. ($ in thousands) Beginning Balance Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For three months ended September 30, 2024 Construction $ 3,471 $ — $ 1 $ 1 $ (578) $ 2,894 Residential real estate 22,060 — 1 1 1,468 23,529 Commercial real estate 21,424 — — — (147) 21,277 Commercial 2,866 (154) 1 (153) 512 3,225 Consumer (1) 8,145 (1,015) 88 (927) 36 7,254 Credit Card 512 (210) — (210) 188 490 Total $ 58,478 $ (1,379) $ 91 $ (1,288) $ 1,479 $ 58,669 ____________________________________ (1) Gross charge-offs of consumer loans for the three months ended September 30, 2024 included $156 thousand of demand deposit overdrafts. ($ in thousands) Beginning Balance Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For Three Months Ended September 30, 2023 Construction $ 2,386 $ 3 $ — $ 3 $ 3 $ 1,439 $ 3,831 Residential real estate 9,151 215 — 3 3 9,806 19,175 Commercial real estate 10,267 985 (1,327) — (1,327) 12,875 22,800 Commercial 1,956 278 — 2 2 2,101 4,337 Consumer (1) 5,254 14 (115) 45 (70) 1,658 6,856 Credit Card — 18 (60) — (60) 94 52 Total $ 29,014 $ 1,513 $ (1,502) $ 53 $ (1,449) $ 27,973 $ 57,051 ____________________________________ (1) Gross charge-offs of consumer loans for the three months ended September 30, 2023 included $1.5 million of demand deposit overdrafts. (2) Merger adjustments consist of gross-up for acquired PCD loans in the TCFC merger. ($ in thousands) Beginning Charge- Recoveries Net (charge-offs) Provisions Ending For Nine Months Ended September 30, 2024 Construction $ 3,935 $ (12) $ 7 $ (5) $ (1,036) $ 2,894 Residential real estate 21,949 (1) 5 4 1,576 23,529 Commercial real estate 20,975 — — — 302 21,277 Commercial 2,671 (177) 4 (173) 727 3,225 Consumer (1) 7,601 (2,401) 232 (2,169) 1,822 7,254 Credit Card 220 (405) 9 (396) 666 490 Total $ 57,351 $ (2,996) $ 257 $ (2,739) $ 4,057 $ 58,669 ____________________________________ (1) Gross charge-offs of consumer loans for the nine months ended September 30, 2024 included $512 thousands of demand deposit overdrafts. ($ in thousands) Beginning Balance Impact of ASC 326 Adoption Merger Adjustments (2) Charge-offs Recoveries Net (charge-offs) recoveries Provisions Ending Balance For Nine Months Ended September 30, 2023 Construction $ 2,973 $ 1,222 $ 3 $ — 10 $ 10 $ (377) $ 3,831 Residential real estate 2,622 4,974 215 — 37 37 11,327 19,175 Commercial real estate 4,899 3,742 985 (1,327) — (1,327) 14,501 22,800 Commercial 1,652 401 278 — 10 10 1,996 4,337 Consumer (1) 4,497 452 14 (399) 210 (189) 2,082 6,856 Credit Card — — 18 (60) — (60) 94 52 Total $ 16,643 $ 10,791 $ 1,513 $ (1,786) $ 267 $ (1,519) $ 29,623 $ 57,051 ____________________________________ (1) Gross charge-offs of consumer loans for the nine months ended September 30, 2023 included $1.8 million of demand deposit overdrafts. (2) Merger adjustments consist of gross-up for acquired PCD loans in the TCFC merger.
Schedule of collateral-dependent loans	The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment. September 30, 2024 ($ in thousands) Real Estate Collateral Other Collateral Total Construction $ 207 $ — $ 207 Residential real estate 19,600 — 19,600 Commercial real estate 11,905 — 11,905 Commercial — 3,160 3,160 Consumer — 756 756 Total $ 31,712 $ 3,916 $ 35,628 December 31, 2023 ($ 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

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023. September 30, 2024 ($ in thousands) Goodwill Core Deposit Intangible Gross Carrying Amount $ 65,476 $ 59,151 Additions — — Accumulated Impairment Charges (1,543) — Accumulated Amortization (667) (18,542) Net Carrying Amount $ 63,266 $ 40,609 Weighted Average Remaining Life (in years) 0.00 years 3.60 years December 31, 2023 ($ in thousands) Goodwill Core Deposit Intangible Gross Carrying Amount $ 65,476 $ 10,503 Additions — 48,648 Accumulated Impairment Charges (1,543) — Accumulated Amortization (667) (11,061) Net Carrying Amount $ 63,266 $ 48,090 Weighted Average Remaining Life (in years) 0.00 years 3.70 years
Future Amortization Expense for Amortizable Other Intangible Assets	At September 30, 2024, estimated future remaining amortization for amortizing core deposit intangibles within the years ending December 31, is as follows: ($ in thousands) Amortization Expense 2024 $ 2,298 2025 8,589 2026 7,398 2027 6,208 2028 5,060 Thereafter 11,056 Total amortizing intangible assets $ 40,609

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Information about leases	The following tables present information about the Company’s leases. ($ in thousands) September 30, 2024 December 31, 2023 Lease liabilities $ 11,816 $ 12,857 Right-of-use assets $ 11,384 $ 12,487 Weighted average remaining lease term 10.51 years 10.88 years Weighted average discount rate 3.27 % 3.24 % Remaining lease term - min 0.08 years 0.39 years Remaining lease term - max 16.93 years 17.68 years Three Months Ended September 30, Nine Months Ended September 30, Lease cost ($ in thousands) 2024 2023 2024 2023 Operating lease cost $ 473 $ 485 $ 1,445 $ 1,153 Total lease cost $ 473 $ 485 $ 1,445 $ 1,153 Cash paid for amounts included in the measurement of lease liabilities $ 449 $ 459 $ 1,367 $ 1,090
Operating lease liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: Lease payments due ($ in thousands) As of September 30, 2024 Three months ending December 31, 2024 $ 431 2025 1,648 2026 1,636 2027 1,517 2028 1,467 Thereafter 7,233 Total undiscounted cash flows $ 13,932 Discount 2,116 Lease liabilities $ 11,816
Minimum future annual rental income	The following table presents our minimum future annual rental income on such leases as of September 30, 2024. ($ in thousands) As of September 30, 2024 Three months ending December 31, 2024 $ 224 2025 904 2026 927 2027 614 2028 632 Thereafter 2,478 Total $ 5,779

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2024
Deposits [Abstract]
Summary of Deposits	Deposits consist of the following categories as of the dates indicated: ($ in thousands) September 30, 2024 December 31, 2023 Balance % Balance % Noninterest-bearing demand $ 1,571,393 30.07 % $ 1,258,037 23.36 % Interest-bearing: Demand 751,533 14.38 % 1,165,546 21.64 % Money market deposits 1,297,237 24.82 % 1,430,603 26.56 % Savings 336,903 6.45 % 347,324 6.45 % Certificates of deposit 1,268,657 24.28 % 1,184,610 21.99 % Total interest-bearing 3,654,330 69.93 % 4,128,083 76.64 % Total Deposits $ 5,225,723 100.00 % $ 5,386,120 100.00 %
Schedule of Contractual Maturities of Certificates of Deposit	At September 30, 2024, the scheduled contractual maturities of certificates of deposit are as follows: ($ in thousands) September 30, 2024 Within one year $ 1,083,147 Year 2 157,446 Year 3 15,407 Year 4 6,570 Year 5 6,083 Thereafter 4 $ 1,268,657

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following: ($ in thousands) September 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 7,217 7,217 2004 2034 90-day SOFR + 2.60% Tri-County Capital Trust II 5,155 5,155 2005 2035 90-day SOFR + 1.70% Total trust preferred securities 32,991 32,991 Less net discount and unamortized issuance costs (4,035) (4,822) Total long-term debt $ 123,456 $ 72,669

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 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 nine months ended September 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 (44,655) 15.33 (79,553) 11.56 — — Forfeited — — (3,256) 11.56 — — Nonvested at end of period 52,277 $ 11.52 135,525 $ 11.46 43,651 $ 11.32

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023. September 30, 2024 December 31, 2023 ($ in thousands) Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Asset - IRLCs $ 14,199 $ 219 $ 6,785 $ 110 Asset - TBA securities 20,750 46 1,000 2 Liability - TBA securities 16,000 37 18,000 176

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2024 and 2023. Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 ($ in thousands) Net Unrealized Gains (Losses) Net Unrealized Losses Net Unrealized Gains (Losses) Net Unrealized Losses Beginning of period $ (8,260) $ (8,561) $ (7,494) $ (9,021) Other comprehensive income (loss), net of tax 2,734 (1,548) 1,968 (1,088) End of period $ (5,526) $ (10,109) $ (5,526) $ (10,109)

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 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 the Bank as of September 30, 2024 and December 31, 2023. The Company The Bank Regulatory min ratio + CCB (1) To Be Well-Capitalized Under Prompt Corrective Action Regulation (5) ($ in thousands) Amount Ratio Amount Ratio September 30, 2024 Common Tier 1 Capital to RWA $ 446,402 9.27 % 509,511 10.60 % 7.00 % 6.50 % Tier 1 Capital to RWA 476,170 9.89 % 509,511 10.60 % 8.50 % 8.00 % Total Capital to RWA 579,664 12.04 % 569,317 11.84 % 10.50 % 10.00 % Tier 1 Capital to AA (Leverage) (2) 476,170 8.31 % 509,511 8.90 % 4.00 % 5.00 % December 31, 2023 Common Tier 1 Capital to RWA $ 408,317 8.69 % 470,200 10.02 % 7.00 % 6.50 % Tier 1 Capital to RWA 437,847 9.32 % 470,200 10.02 % 8.50 % 8.00 % Total Capital to RWA 539,572 11.49 % 528,786 11.27 % 10.50 % 10.00 % Tier 1 Capital to AA (Leverage) (2) 437,847 7.75 % 470,200 8.33 % 4.00 % 5.00 % Regulatory Capital and Ratios The Company The Bank ($ in thousands) September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 Common equity $ 533,271 $ 511,135 $ 595,954 $ 570,100 Goodwill (4) (61,397) (63,266) (61,397) (63,266) Core deposit intangible (3) (30,572) (38,069) (30,572) (38,069) DTAs that arise from net operating loss and tax credit carry forwards (426) (8,977) — (6,059) AOCI losses 5,526 7,494 5,526 7,494 Common Equity Tier 1 Capital 446,402 408,317 509,511 470,200 TRUPs 29,768 29,530 — — Tier 1 Capital 476,170 437,847 509,511 470,200 Allowable reserve for credit losses and other Tier 2 adjustments 59,806 58,586 59,806 58,586 Subordinated debentures 43,688 43,139 — — Total Capital $ 579,664 $ 539,572 $ 569,317 $ 528,786 Risk-Weighted Assets (“RWA”) $ 4,816,165 $ 4,697,504 $ 4,808,058 $ 4,693,009 Average Assets (“AA”) $ 5,729,576 $ 5,649,116 $ 5,721,995 $ 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. (5) Applies to the Bank only.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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). ($ in thousands) Fair Value Valuation Technique Unobservable Input Range September 30, 2024 MSRs (1) $ 5,309 Market Approach Weighted average prepayment speed (PSA) (2) 220 IRLCs - net asset $ 219 Market Approach Range of pull through rate 78% - 100% Average pull through rate 97% ($ 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 nine months ended September 30, 2024. ($ in thousands) Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Beginning balance $ 5,995 $ 5,926 Servicing rights resulting from sales of loans 55 253 Valuation adjustment (741) (870) Ending balance $ 5,309 $ 5,309
Schedule of Derivative Asset at Fair Value	The following table presents activity in the IRLCs - net asset for the three and nine months ended September 30, 2024. ($ in thousands) Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Beginning balance $ 208 $ 110 Valuation adjustment 11 109 Ending balance $ 219 $ 219
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis	The following tables present the recorded amount of assets measured at fair value on a recurring basis at September 30, 2024 and December 31, 2023. No assets were transferred from one hierarchy level to another during the first nine months of 2024 or 2023. ($ in thousands) Fair Value Quoted Prices Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2024 Assets: Securities available for sale: U.S. Government agencies $ 20,690 $ — $ 20,690 $ — Mortgage-backed 106,221 — 106,221 — Other debt securities 6,428 — 6,428 — 133,339 — 133,339 — Equity securities 5,950 — 5,950 — TBA forward trades 46 — 46 — Loans Held for Sale 26,877 — 26,877 — Loans Held for Investment, at fair value 10,023 — 10,023 — MSRs 5,309 — — 5,309 IRLCs 219 — — 219 Total assets at fair value $ 181,763 $ — $ 176,235 $ 5,528 Liabilities: TBA securities 37 — 37 — Total liabilities at fair value $ 37 $ — $ 37 $ — ($ 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 ($ in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average (1) September 30, 2024 Nonrecurring measurements: Individually evaluated collateral dependent loans $ 2,983 Appraisal of collateral (1) Appraisal adjustment (2) Liquidation expense (2) 19% - 100% 10% 64% 10% Other real estate owned $ 179 Appraisal of collateral (1) Appraisal adjustment (2) N/A 0% Repossessed assets $ 306 Appraisal of collateral (1) Appraisal adjustment (2) N/A 36% Quantitative Information about Level 3 Fair Value Measurements ($ 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% 0% _________________________________ (1) Unobservable inputs were weighted by the relative fair value of the instruments. No range is presented only when one instrument was available (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)	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023 were estimated using an exit price notion. September 30, 2024 Carrying Amount Fair Value Fair Value Measurements Description of Asset ($ in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 183,621 $ 183,621 $ 183,621 $ — $ — Investment securities - AFS 133,339 133,339 — 133,339 — Investment securities - HTM, net 484,583 440,296 — 440,296 — Equity securities 5,950 5,950 — 5,950 — Restricted securities 20,253 20,253 — 20,253 — Loans held for sale 26,877 26,877 — 26,877 — TBA derivatives trades 46 46 — 46 — Cash surrender value on life insurance 103,729 103,729 — 103,729 — Loans, at fair value 10,023 10,023 — 10,023 — Loans, net 4,665,217 4,499,722 — — 4,499,722 MSRs 5,309 5,309 — — 5,309 IRLCs 219 219 — — 219 Liabilities Deposits: Noninterest-bearing demand $ 1,571,393 $ 1,571,393 $ — $ 1,571,393 $ — Checking plus interest 751,533 751,533 — 751,533 — Money Market 1,297,237 1,297,237 — 1,297,237 — Savings 335,161 335,161 — 335,161 — Club 1,742 1,742 — 1,742 — Certificates of Deposit 1,268,657 1,270,865 — 1,270,865 — Advances from FHLB 50,000 50,545 — 50,545 — Subordinated debt, net 43,688 43,461 — 43,461 — TRUPS, net 29,768 28,572 — 28,572 — TBA Securities 37 37 — 37 — December 31, 2023 Carrying Amount Fair Value Fair Value Measurements Description of Asset ($ 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 29,530 28,266 — 28,266 — TBA Securities 176 176 — 176 —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments Outstanding	The following table provides information on commitments outstanding at September 30, 2024 and December 31, 2023. ($ in thousands) September 30, 2024 December 31, 2023 Commitments to extend credit $ 695,887 $ 613,266 Letters of credit 27,183 28,519 Total $ 723,070 $ 641,785

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (In thousands, except per share data) 2024 2023 2024 2023 Net income (loss) $ 11,189 $ (9,737) $ 30,607 $ 738 Average number of common shares outstanding 33,318 33,129 33,247 24,354 Dilutive effect of common stock equivalents 21 — 7 — Average number of common shares used to calculate diluted EPS 33,339 33,129 33,254 24,354 Anti-dilutive shares — 219 — 219 Earnings (loss) per common share Basic $ 0.34 $ (0.29) $ 0.92 $ 0.03 Diluted $ 0.34 $ (0.29) $ 0.92 $ 0.03

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2024 2023 2024 2023 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 1,543 $ 1,505 $ 4,543 $ 3,981 Trust and investment fee income 880 1,933 2,510 2,764 Interchange income 1,711 1,557 5,015 4,081 Title Company revenue 100 89 344 412 Other noninterest income 506 1,265 2,289 2,212 Noninterest Income (in-scope of Topic 606) 4,740 6,349 14,701 13,450 Noninterest Income (out-of-scope of Topic 606) 2,547 8,635 7,593 12,163 Total Noninterest Income $ 7,287 $ 14,984 $ 22,294 $ 25,613

Business Combinations (Narrativ

Business Combinations (Narrative) (Details) - The Community Financial Corporation $ / shares in Units, $ in Millions	Jul. 01, 2023 USD ($) $ / shares shares
Business Combination, Separately Recognized Transactions [Line Items]
Equity shares issued per acquiree share	2.3287
Consideration transferred | $	$ 153.6
Shares issued (in shares)	13,201,693
Share price (dollars per share) | $ / shares	$ 11.56

Investment Securities (Amortize

Investment Securities (Amortized Cost and Estimated Fair Values of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Available-for-sale securities:
Amortized Cost	$ 140,941		$ 120,832
Gross Unrealized Gains	568		69
Gross Unrealized Losses	8,170		10,380
Investment securities - AFS	133,339		110,521
Held-to-maturity securities:
Amortized Cost	484,684		513,282
Gross Unrealized Gains	96		57
Gross Unrealized Losses	44,484		55,509
Estimated Fair Value	440,296		457,830
Allowance for Credit Losses	101	$ 108	94	$ 126	$ 0	$ 163
U.S. Treasury and government agencies
Available-for-sale securities:
Amortized Cost	23,047		23,472
Gross Unrealized Gains	6		5
Gross Unrealized Losses	2,363		3,002
Investment securities - AFS	20,690		20,475
Held-to-maturity securities:
Amortized Cost	132,870		143,442
Gross Unrealized Gains	3		0
Gross Unrealized Losses	7,375		10,377
Estimated Fair Value	125,498		133,065
Allowance for Credit Losses	0		0
Mortgage-backed-residential
Available-for-sale securities:
Amortized Cost	111,748		91,280
Gross Unrealized Gains	234		5
Gross Unrealized Losses	5,761		7,258
Investment securities - AFS	106,221		84,027
Held-to-maturity securities:
Amortized Cost	339,848		357,870
Gross Unrealized Gains	51		0
Gross Unrealized Losses	36,293		43,864
Estimated Fair Value	303,606		314,006
Allowance for Credit Losses	0		0
Other debt securities
Available-for-sale securities:
Amortized Cost	6,146		6,080
Gross Unrealized Gains	328		59
Gross Unrealized Losses	46		120
Investment securities - AFS	6,428		6,019
Held-to-maturity securities:
Amortized Cost	10,500		10,500
Gross Unrealized Gains	0		0
Gross Unrealized Losses	807		1,249
Estimated Fair Value	9,693		9,251
Allowance for Credit Losses	101		94
States and political subdivisions
Held-to-maturity securities:
Amortized Cost	1,466		1,470
Gross Unrealized Gains	42		57
Gross Unrealized Losses	9		19
Estimated Fair Value	1,499		1,508
Allowance for Credit Losses	$ 0		$ 0

Investment Securities (Narrativ

Investment Securities (Narrative) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) security	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) security	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Securities, Available-for-Sale [Line Items]
Available for sale securities sold	$ 0	$ 0	$ 0	$ 0
Equity securities, at fair value	$ 5,950,000		5,950,000		$ 5,703,000
Fair value adjustment through earnings			$ 30,607,000	738,000
Available-for-sale debt securities, unrealized loss, number of positions | security	101		101
Unrealized loss	$ 8,170,000		$ 8,170,000		10,380,000
Debt Securities, available-for-sale, impairment loss			0
Securities past due or on nonaccrual	0		0
Available-for-sale, amortized cost	140,941,000		140,941,000		120,832,000
Held-to-maturity, amortized cost	484,684,000		484,684,000		513,282,000
Total
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale, amortized cost	54,100,000		54,100,000		54,500,000
Held-to-maturity, amortized cost	191,400,000		191,400,000		$ 185,900,000
Revision of Prior Period, Change in Accounting Principle, Adjustment
Debt Securities, Available-for-Sale [Line Items]
Fair value adjustment through earnings	$ 79,000	$ 151,000	$ 38,000	$ 300,000

Investment Securities (Activity

Investment Securities (Activity in the ACL on Held-to Maturity Securities) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Activity in the ACL on held-to maturity securities
Balance, beginning of period	$ 108		$ 94	$ 0
Other debt securities, (reversal of) provision for credit losses	(7)	$ (37)	7	126
Balance, end of Period	$ 101	$ 126	$ 101	$ 126

Investment Securities (Gross Un

Investment Securities (Gross Unrealized Losses and Fair Value by Length of Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Available-for-sale securities:
Fair value, less than 12 months	$ 20,768	$ 24,479
Unrealized losses, less than 12 months	53	150
Fair value, more than 12 months	65,445	72,504
Unrealized losses, more than 12 months	8,117	10,230
Fair Value	86,213	96,983
Unrealized Losses	8,170	10,380
U.S. Treasury and government agencies
Available-for-sale securities:
Fair value, less than 12 months	0	74
Unrealized losses, less than 12 months	0	0
Fair value, more than 12 months	17,951	17,750
Unrealized losses, more than 12 months	2,363	3,002
Fair Value	17,951	17,824
Unrealized Losses	2,363	3,002
Mortgage-backed-residential
Available-for-sale securities:
Fair value, less than 12 months	20,768	24,405
Unrealized losses, less than 12 months	53	150
Fair value, more than 12 months	45,536	52,864
Unrealized losses, more than 12 months	5,708	7,108
Fair Value	66,304	77,269
Unrealized Losses	5,761	7,258
Other debt securities
Available-for-sale securities:
Fair value, less than 12 months	0	0
Unrealized losses, less than 12 months	0	0
Fair value, more than 12 months	1,958	1,890
Unrealized losses, more than 12 months	46	120
Fair Value	1,958	1,890
Unrealized Losses	$ 46	$ 120

Investment Securities (Amorti_2

Investment Securities (Amortized Cost and Estimated Fair Value by Maturity Date) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 2,495
Due after one year through five years	14,064
Due after five years through ten years	29,194
Due after ten years	95,188
Amortized Cost	140,941	$ 120,832
Fair Value
Due in one year or less	2,498
Due after one year through five years	13,368
Due after five years through ten years	27,403
Due after ten years	90,070
Total	133,339	110,521
Amortized Cost
Due in one year or less	7,057
Due after one year through five years	118,995
Due after five years through ten years	36,270
Due after ten years	322,362
Amortized Cost	484,684	513,282
Fair Value
Due in one year or less	7,016
Due after one year through five years	113,847
Due after five years through ten years	33,973
Due after ten years	285,460
Total	$ 440,296	$ 457,830

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Narrative) (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) credit_card	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) credit_card property	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) property
Loan Receivables:
Loans, net	$ 4,675,240,000		$ 4,675,240,000		$ 4,583,659,000
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	118,500,000		118,500,000
Residential real estate
Loan Receivables:
Consumer mortgage loans	$ 127,000		$ 127,000		$ 175,000
Number of residential real estate property | property			0		0
Credit cards
Loan Receivables:
Number of loans downgraded | credit_card	7		7
Commercial real estate
Loan Receivables:
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount			$ 98,000
Consumer mortgage loans	$ 552,000		552,000
Commercial
Loan Receivables:
Financing receivable, excluding accrued interest, non-accrual, modified in period, amount			216,000
Northwest Bank Branches
Loan Receivables:
Fees	3,400,000		3,400,000		$ 2,200,000
Severn Bancorp, Inc.
Loan Receivables:
Loans acquired, net of related discount	3,600,000		3,600,000		4,700,000
Loans acquired as part of acquisition	263,400,000		263,400,000		297,900,000
The Community Financial Corporation
Loan Receivables:
Business combination, loan acquired	1,520,000,000		1,520,000,000		1,640,000,000
Loans acquired, net of related discount	$ 92,300,000		$ 92,300,000		$ 108,400,000

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses (Loans by Class of Loan Portfolio) (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 4,733,909		$ 4,641,010
% of Total Loans	1		1
Less: allowance for credit losses	$ (58,669)	$ (58,478)	$ (57,351)	$ (57,051)	$ (29,014)	$ (16,643)
Loans, net	4,675,240		4,583,659
Construction
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 337,113		$ 299,000
% of Total Loans	0.0712		0.0640
Less: allowance for credit losses	$ (2,894)	(3,471)	$ (3,935)	(3,831)	(2,386)	(2,973)
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 1,570,998		$ 1,490,438
% of Total Loans	0.3319		0.3210
Less: allowance for credit losses	$ (23,529)	(22,060)	$ (21,949)	(19,175)	(9,151)	(2,622)
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 2,276,381		$ 2,286,154
% of Total Loans	0.4809		0.4930
Less: allowance for credit losses	$ (21,277)	(21,424)	$ (20,975)	(22,800)	(10,267)	(4,899)
Commercial
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 225,083		$ 229,939
% of Total Loans	0.0475		0.0500
Less: allowance for credit losses	$ (3,225)	(2,866)	$ (2,671)	(4,337)	(1,956)	(1,652)
Consumer
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 317,149		$ 328,896
% of Total Loans	0.0670		0.0710
Less: allowance for credit losses	$ (7,254)	(8,145)	$ (7,601)	(6,856)	$ (5,254)	(4,497)
Credit cards
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 7,185		$ 6,583
% of Total Loans	0.0015		0.0010
Less: allowance for credit losses	$ (490)	$ (512)	$ (220)	$ (52)		$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses (Nonaccrual Loans by Loan Class) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	$ 10,939	$ 11,247
Non-Accrual with an allowance for credit loss	3,905	1,537
Total Non-Accrual Loans	14,844	12,784
Interest income, non-accrual with no allowance for credit loss	174	399
Interest income, non-accrual with an allowance for credit loss	57	53
Interest income, total non-accruals	231	452
Non-Accrual Delinquent Loans	8,454	6,504
Non-Accrual Current Loans	6,390	6,280
Total Non-Accrual Loans	14,844	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	6,500	5,865
Non-Accrual with an allowance for credit loss	438	480
Total Non-Accrual Loans	6,938	6,345
Non-Accrual Delinquent Loans	4,516	4,137
Non-Accrual Current Loans	2,422	2,208
Total Non-Accrual Loans	6,938	6,345
Commercial real estate
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	3,447	4,364
Non-Accrual with an allowance for credit loss	2,239	0
Total Non-Accrual Loans	5,686	4,364
Non-Accrual Delinquent Loans	2,810	1,215
Non-Accrual Current Loans	2,876	3,149
Total Non-Accrual Loans	5,686	4,364
Commercial
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	490	176
Non-Accrual with an allowance for credit loss	586	368
Total Non-Accrual Loans	1,076	544
Non-Accrual Delinquent Loans	58	28
Non-Accrual Current Loans	1,018	516
Total Non-Accrual Loans	1,076	544
Consumer
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	295	216
Non-Accrual with an allowance for credit loss	463	689
Total Non-Accrual Loans	758	905
Non-Accrual Delinquent Loans	707	903
Non-Accrual Current Loans	51	2
Total Non-Accrual Loans	758	$ 905
Credit cards
Nonaccrual loans:
Non-Accrual with no allowance for credit loss	0
Non-Accrual with an allowance for credit loss	179
Total Non-Accrual Loans	179
Non-Accrual Delinquent Loans	156
Non-Accrual Current Loans	23
Total Non-Accrual Loans	$ 179

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Loan Risk Ratings) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Credit quality categories
Prior	$ 1,226,329		$ 1,226,329		$ 1,059,173
2020 & 2019	418,520		418,520		277,491
2021 & 2020	792,573		792,573		461,213
2022 & 2021	1,070,281		1,070,281		837,657
2023 & 2022	659,094		659,094		1,107,579
2024 & 2023	317,035		317,035		670,765
Revolving Loans	232,924		232,924		201,381
Revolving Converted to Term Loans	17,153		17,153		25,751
Total	4,733,909		4,733,909		4,641,010
Current period gross charge-offs
Total gross charge-offs	(1,379)	$ (1,502)	(2,996)	$ (1,786)
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	7,185		7,185		6,583
Revolving Converted to Term Loans	0		0		0
Total	7,185		7,185		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			(405)		(111)
Revolving Converted to Term Loans			0		0
Total gross charge-offs			(405)		(111)
Total loans by risk category
Credit quality categories
Prior	1,226,329		1,226,329		1,059,173
2020 & 2019	418,520		418,520		277,491
2021 & 2020	792,573		792,573		461,213
2022 & 2021	1,070,281		1,070,281		837,657
2023 & 2022	659,094		659,094		1,107,579
2024 & 2023	317,035		317,035		670,765
Revolving Loans	225,739		225,739		194,798
Revolving Converted to Term Loans	17,153		17,153		25,751
Total	4,726,724		4,726,724		4,634,427
Current period gross charge-offs
Gross charge-offs, prior			(591)		(1,035)
Gross charge-offs, 2020 & 2019			(20)		0
Gross charge-offs, 2021 & 2020			(229)		(830)
Gross charge-offs, 2022 & 2021			(1,634)		(17)
Gross charge-offs, 2023 & 2022			(100)		(8)
Gross charge-offs, 2024 & 2023			0		(4)
Revolving Loans			(17)		(126)
Revolving Converted to Term Loans			0		(242)
Total gross charge-offs			(2,591)		(2,262)
Pass
Credit quality categories
Prior	1,205,259		1,205,259		1,035,412
2020 & 2019	417,987		417,987		274,768
2021 & 2020	782,631		782,631		460,644
2022 & 2021	1,067,960		1,067,960		830,594
2023 & 2022	658,114		658,114		1,101,448
2024 & 2023	317,035		317,035		670,765
Revolving Loans	223,988		223,988		192,565
Revolving Converted to Term Loans	16,733		16,733		25,296
Total	4,689,707		4,689,707		4,591,492
Special Mention
Credit quality categories
Prior	7,677		7,677		15,283
2020 & 2019	530		530		587
2021 & 2020	5,428		5,428		564
2022 & 2021	0		0		6,429
2023 & 2022	0		0		4,446
2024 & 2023	0		0		0
Revolving Loans	694		694		545
Revolving Converted to Term Loans	69		69		409
Total	14,398		14,398		28,263
Substandard
Credit quality categories
Prior	13,393		13,393		8,478
2020 & 2019	3		3		2,136
2021 & 2020	4,514		4,514		5
2022 & 2021	2,321		2,321		634
2023 & 2022	980		980		1,685
2024 & 2023	0		0		0
Revolving Loans	1,057		1,057		1,688
Revolving Converted to Term Loans	351		351		46
Total	22,619		22,619		14,672
Construction
Credit quality categories
Prior	33,531		33,531		23,649
2020 & 2019	10,572		10,572		15,721
2021 & 2020	24,666		24,666		14,773
2022 & 2021	79,575		79,575		34,337
2023 & 2022	90,132		90,132		101,844
2024 & 2023	76,594		76,594		100,620
Revolving Loans	20,283		20,283		8,056
Revolving Converted to Term Loans	1,760		1,760		0
Total	337,113		337,113		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	33,471		33,471		23,450
2020 & 2019	10,572		10,572		15,721
2021 & 2020	24,666		24,666		14,773
2022 & 2021	79,428		79,428		34,325
2023 & 2022	90,132		90,132		101,426
2024 & 2023	76,594		76,594		100,620
Revolving Loans	20,283		20,283		8,056
Revolving Converted to Term Loans	1,760		1,760		0
Total	336,906		336,906		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	348,919		348,919		323,682
2020 & 2019	101,608		101,608		54,643
2021 & 2020	244,042		244,042		105,833
2022 & 2021	402,357		402,357		251,772
2023 & 2022	255,629		255,629		392,378
2024 & 2023	82,959		82,959		239,914
Revolving Loans	121,360		121,360		121,342
Revolving Converted to Term Loans	14,124		14,124		874
Total	1,570,998		1,570,998		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	343,013		343,013		317,528
2020 & 2019	101,078		101,078		54,387
2021 & 2020	242,689		242,689		105,269
2022 & 2021	402,062		402,062		251,269
2023 & 2022	255,274		255,274		392,378
2024 & 2023	82,959		82,959		239,914
Revolving Loans	120,721		120,721		119,777
Revolving Converted to Term Loans	14,124		14,124		874
Total	1,561,920		1,561,920		1,481,396
Residential real estate | Special Mention
Credit quality categories
Prior	395		395		154
2020 & 2019	530		530		256
2021 & 2020	0		0		564
2022 & 2021	0		0		503
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	163		163		192
Revolving Converted to Term Loans	0		0		0
Total	1,088		1,088		1,669
Residential real estate | Substandard
Credit quality categories
Prior	5,511		5,511		6,000
2020 & 2019	0		0		0
2021 & 2020	1,353		1,353		0
2022 & 2021	295		295		0
2023 & 2022	355		355		0
2024 & 2023	0		0		0
Revolving Loans	476		476		1,373
Revolving Converted to Term Loans	0		0		0
Total	7,990		7,990		7,373
Commercial real estate
Credit quality categories
Prior	814,945		814,945		687,147
2020 & 2019	282,792		282,792		193,113
2021 & 2020	415,539		415,539		311,980
2022 & 2021	432,621		432,621		432,793
2023 & 2022	213,652		213,652		432,686
2024 & 2023	82,252		82,252		210,915
Revolving Loans	34,580		34,580		14,973
Revolving Converted to Term Loans	0		0		2,547
Total	2,276,381		2,276,381		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	(1,327)	0	(1,327)	(1,326)
Commercial real estate | Pass
Credit quality categories
Prior	800,556		800,556		670,042
2020 & 2019	282,792		282,792		190,753
2021 & 2020	407,056		407,056		311,980
2022 & 2021	432,621		432,621		426,750
2023 & 2022	213,652		213,652		428,240
2024 & 2023	82,252		82,252		210,915
Revolving Loans	34,021		34,021		14,873
Revolving Converted to Term Loans	0		0		2,138
Total	2,252,950		2,252,950		2,255,691
Commercial real estate | Special Mention
Credit quality categories
Prior	7,162		7,162		14,986
2020 & 2019	0		0		331
2021 & 2020	5,428		5,428		0
2022 & 2021	0		0		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	13,121		13,121		25,773
Commercial real estate | Substandard
Credit quality categories
Prior	7,227		7,227		2,119
2020 & 2019	0		0		2,029
2021 & 2020	3,055		3,055		0
2022 & 2021	0		0		542
2023 & 2022	0		0		0
2024 & 2023	0		0		0
Revolving Loans	28		28		0
Revolving Converted to Term Loans	0		0		0
Total	10,310		10,310		4,690
Commercial
Credit quality categories
Prior	28,043		28,043		24,074
2020 & 2019	11,866		11,866		13,015
2021 & 2020	43,595		43,595		14,464
2022 & 2021	32,505		32,505		42,046
2023 & 2022	30,802		30,802		36,384
2024 & 2023	28,198		28,198		27,901
Revolving Loans	48,805		48,805		49,725
Revolving Converted to Term Loans	1,269		1,269		22,330
Total	225,083		225,083		229,939
Current period gross charge-offs
Gross charge-offs, prior			(45)		(1)
Gross charge-offs, 2020 & 2019			(11)		0
Gross charge-offs, 2021 & 2020			0
Gross charge-offs, 2022 & 2021			(56)		0
Gross charge-offs, 2023 & 2022			(65)		0
Gross charge-offs, 2024 & 2023			0		0
Revolving Loans			0		0
Revolving Converted to Term Loans			0		(242)
Total gross charge-offs	(154)	0	(177)	0	(243)
Commercial | Pass
Credit quality categories
Prior	27,330		27,330		23,771
2020 & 2019	11,866		11,866		12,946
2021 & 2020	43,586		43,586		14,464
2022 & 2021	31,181		31,181		41,621
2023 & 2022	30,278		30,278		35,897
2024 & 2023	28,198		28,198		27,901
Revolving Loans	48,252		48,252		49,160
Revolving Converted to Term Loans	849		849		22,284
Total	221,540		221,540		228,044
Commercial | Special Mention
Credit quality categories
Prior	120		120		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	69		69		0
Total	189		189		819
Commercial | Substandard
Credit quality categories
Prior	593		593		160
2020 & 2019	0		0		69
2021 & 2020	9		9		0
2022 & 2021	1,324		1,324		0
2023 & 2022	524		524		487
2024 & 2023	0		0		0
Revolving Loans	553		553		314
Revolving Converted to Term Loans	351		351		46
Total	3,354		3,354		1,076
Consumer
Credit quality categories
Prior	891		891		621
2020 & 2019	11,682		11,682		999
2021 & 2020	64,731		64,731		14,163
2022 & 2021	123,223		123,223		76,709
2023 & 2022	68,879		68,879		144,287
2024 & 2023	47,032		47,032		91,415
Revolving Loans	711		711		702
Revolving Converted to Term Loans	0		0		0
Total	317,149		317,149		328,896
Current period gross charge-offs
Gross charge-offs, prior			(545)		(522)
Gross charge-offs, 2020 & 2019			(9)		0
Gross charge-offs, 2021 & 2020			(217)		(16)
Gross charge-offs, 2022 & 2021			(1,578)		(17)
Gross charge-offs, 2023 & 2022			(35)		(8)
Gross charge-offs, 2024 & 2023			0		(4)
Revolving Loans			(17)		(7)
Revolving Converted to Term Loans			0		0
Total gross charge-offs	(1,015)	$ (115)	(2,401)	(399)	(574)
Consumer | Pass
Credit quality categories
Prior	889		889		621
2020 & 2019	11,679		11,679		961
2021 & 2020	64,634		64,634		14,158
2022 & 2021	122,668		122,668		76,629
2023 & 2022	68,778		68,778		143,507
2024 & 2023	47,032		47,032		91,415
Revolving Loans	711		711		699
Revolving Converted to Term Loans	0		0		0
Total	316,391		316,391		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	2		2		0
2020 & 2019	3		3		38
2021 & 2020	97		97		5
2022 & 2021	555		555		80
2023 & 2022	101		101		780
2024 & 2023	0		0		0
Revolving Loans	0		0		1
Revolving Converted to Term Loans	0		0		0
Total	758		758		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	7,185		7,185		6,583
Revolving Converted to Term Loans	0		0		0
Total	7,185		7,185		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			(405)		(111)
Revolving Converted to Term Loans			0		0
Total gross charge-offs	(210)		(405)	$ (60)	(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	7,006		7,006		6,583
Revolving Converted to Term Loans	0		0		0
Total	7,006		7,006		6,583
Credit cards | Non-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	179		179		0
Revolving Converted to Term Loans	0		0		0
Total	$ 179		$ 179		$ 0

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Aging of Past Due Financing Receivables) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 4,733,909	$ 4,641,010
Percent of total loans, total loans	100%	100%
Loans, at fair value	$ 10,023	$ 9,944
Current
Financing Receivable, Past Due [Line Items]
Loans held for investment	4,709,648	4,618,128
Non-Accrual Current Loans	$ 6,390	$ 6,280
Percent of total loans, accrual	0.9949	0.9950
Percent of total loans, nonaccrual	0.13%	0.14%
Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 17,871	$ 16,602
Percent of total loans, total past due	0.38%	0.36%
30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 3,136	$ 7,662
Percent of total loans, total past due	0.07%	0.17%
60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 5,827	$ 1,698
Percent of total loans, total past due	0.12%	0.04%
90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 454	$ 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	$ 5,085	$ 1,493
Percent of total loans, total past due	0.11%	0.03%
90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 3,369	$ 5,011
Percent of total loans, total past due	0.07%	0.11%
Construction
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 337,113	$ 299,000
Construction | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment	336,496	296,455
Non-Accrual Current Loans	0	405
Construction | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	617	2,140
Construction | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	410	1,919
Construction | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	0	0
Construction | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	0	0
Construction | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	0	0
Construction | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	207	221
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,570,998	1,490,438
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,562,510	1,481,294
Non-Accrual Current Loans	2,422	2,208
Residential real estate | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	6,066	6,936
Residential real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	956	2,420
Residential real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	389	271
Residential real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	205	108
Residential real estate | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	2,377	1,469
Residential real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	2,139	2,668
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans held for investment	2,276,381	2,286,154
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment	2,266,157	2,281,774
Non-Accrual Current Loans	2,876	3,149
Commercial real estate | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	7,348	1,231
Commercial real estate | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	95	16
Commercial real estate | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	4,443	0
Commercial real estate | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	0	0
Commercial real estate | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	2,239	0
Commercial real estate | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	571	1,215
Commercial
Financing Receivable, Past Due [Line Items]
Loans held for investment	225,083	229,939
Commercial | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment	223,944	228,859
Non-Accrual Current Loans	1,018	516
Commercial | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	121	564
Commercial | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	56	48
Commercial | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	1	0
Commercial | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	6	488
Commercial | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	0	0
Commercial | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	58	28
Consumer
Financing Receivable, Past Due [Line Items]
Loans held for investment	317,149	328,896
Consumer | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment	313,928	323,376
Non-Accrual Current Loans	51	2
Consumer | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	3,170	5,518
Consumer | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	1,558	3,224
Consumer | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	896	1,391
Consumer | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	9	0
Consumer | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	439	24
Consumer | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	268	879
Credit cards
Financing Receivable, Past Due [Line Items]
Loans held for investment	7,185	6,583
Credit cards | Current
Financing Receivable, Past Due [Line Items]
Loans held for investment	6,613	6,370
Non-Accrual Current Loans	23	0
Credit cards | Total past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	549	213
Credit cards | 30‑59 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	61	35
Credit cards | 60‑89 days past due
Financing Receivable, Past Due [Line Items]
Loans held for investment	98	36
Credit cards | 90 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	234	142
Credit cards | 30-89 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	30	0
Credit cards | 90 days past due and not accruing
Financing Receivable, Past Due [Line Items]
Loans held for investment	$ 126	$ 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		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 58,478	$ 29,014	$ 57,351	$ 16,643	$ 16,643
Merger Adjustments (2)			1,513	1,513
Charge-offs	(1,379)	(1,502)	(2,996)	(1,786)
Recoveries	91	53	257	267
Net (charge-offs) recoveries	(1,288)	(1,449)	(2,739)	(1,519)
Provisions	1,479	27,973	4,057	29,623
Ending Balance	58,669	57,051	58,669	57,051	57,351
Prior	1,226,329		1,226,329		1,059,173
2020 & 2019	418,520		418,520		277,491
2021 & 2020	792,573		792,573		461,213
2022 & 2021	1,070,281		1,070,281		837,657
2023 & 2022	659,094		659,094		1,107,579
2024 & 2023	317,035		317,035		670,765
Revolving Loans	232,924		232,924		201,381
Revolving Converted to Term Loans	17,153		17,153		25,751
Total	4,733,909		4,733,909		4,641,010
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				10,791	10,791
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	3,471	2,386	3,935	2,973	2,973
Merger Adjustments (2)			3	3
Charge-offs	0	0	(12)	0	0
Recoveries	1	3	7	10
Net (charge-offs) recoveries	1	3	(5)	10
Provisions	(578)	1,439	(1,036)	(377)
Ending Balance	2,894	3,831	2,894	3,831	3,935
Prior	33,531		33,531		23,649
2020 & 2019	10,572		10,572		15,721
2021 & 2020	24,666		24,666		14,773
2022 & 2021	79,575		79,575		34,337
2023 & 2022	90,132		90,132		101,844
2024 & 2023	76,594		76,594		100,620
Revolving Loans	20,283		20,283		8,056
Revolving Converted to Term Loans	1,760		1,760		0
Total	337,113		337,113		299,000
Construction | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				1,222	1,222
Residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	22,060	9,151	21,949	2,622	2,622
Merger Adjustments (2)			215	215
Charge-offs	0	0	(1)	0	(119)
Recoveries	1	3	5	37
Net (charge-offs) recoveries	1	3	4	37
Provisions	1,468	9,806	1,576	11,327
Ending Balance	23,529	19,175	23,529	19,175	21,949
Prior	348,919		348,919		323,682
2020 & 2019	101,608		101,608		54,643
2021 & 2020	244,042		244,042		105,833
2022 & 2021	402,357		402,357		251,772
2023 & 2022	255,629		255,629		392,378
2024 & 2023	82,959		82,959		239,914
Revolving Loans	121,360		121,360		121,342
Revolving Converted to Term Loans	14,124		14,124		874
Total	1,570,998		1,570,998		1,490,438
Residential real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				4,974	4,974
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	21,424	10,267	20,975	4,899	4,899
Merger Adjustments (2)			985	985
Charge-offs	0	(1,327)	0	(1,327)	(1,326)
Recoveries	0	0	0	0
Net (charge-offs) recoveries	0	(1,327)	0	(1,327)
Provisions	(147)	12,875	302	14,501
Ending Balance	21,277	22,800	21,277	22,800	20,975
Prior	814,945		814,945		687,147
2020 & 2019	282,792		282,792		193,113
2021 & 2020	415,539		415,539		311,980
2022 & 2021	432,621		432,621		432,793
2023 & 2022	213,652		213,652		432,686
2024 & 2023	82,252		82,252		210,915
Revolving Loans	34,580		34,580		14,973
Revolving Converted to Term Loans	0		0		2,547
Total	2,276,381		2,276,381		2,286,154
Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				3,742	3,742
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2,866	1,956	2,671	1,652	1,652
Merger Adjustments (2)			278	278
Charge-offs	(154)	0	(177)	0	(243)
Recoveries	1	2	4	10
Net (charge-offs) recoveries	(153)	2	(173)	10
Provisions	512	2,101	727	1,996
Ending Balance	3,225	4,337	3,225	4,337	2,671
Prior	28,043		28,043		24,074
2020 & 2019	11,866		11,866		13,015
2021 & 2020	43,595		43,595		14,464
2022 & 2021	32,505		32,505		42,046
2023 & 2022	30,802		30,802		36,384
2024 & 2023	28,198		28,198		27,901
Revolving Loans	48,805		48,805		49,725
Revolving Converted to Term Loans	1,269		1,269		22,330
Total	225,083		225,083		229,939
Commercial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				401	401
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	8,145	5,254	7,601	4,497	4,497
Merger Adjustments (2)			14	14
Charge-offs	(1,015)	(115)	(2,401)	(399)	(574)
Recoveries	88	45	232	210
Net (charge-offs) recoveries	(927)	(70)	(2,169)	(189)
Provisions	36	1,658	1,822	2,082
Ending Balance	7,254	6,856	7,254	6,856	7,601
Prior	891		891		621
2020 & 2019	11,682		11,682		999
2021 & 2020	64,731		64,731		14,163
2022 & 2021	123,223		123,223		76,709
2023 & 2022	68,879		68,879		144,287
2024 & 2023	47,032		47,032		91,415
Revolving Loans	711		711		702
Revolving Converted to Term Loans	0		0		0
Total	317,149		317,149		328,896
Consumer | Consumer Loans, Demand Deposit Overdrafts
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Charge-offs	(156)	(1,500)	(512)	(1,800)
Consumer | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				452	452
Credit cards
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	512		220	0	0
Merger Adjustments (2)			18	18
Charge-offs	(210)		(405)	(60)	(111)
Recoveries	0		9	0
Net (charge-offs) recoveries	(210)		(396)	(60)
Provisions	188		666	94
Ending Balance	490	$ 52	490	52	220
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	7,185		7,185		6,583
Revolving Converted to Term Loans	0		0		0
Total	$ 7,185		$ 7,185		6,583
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	Sep. 30, 2024	Dec. 31, 2023
Loan Receivables:
Loans, net	$ 4,675,240	$ 4,583,659
Real Estate Collateral
Loan Receivables:
Loans, net	31,712	14,843
Other Collateral
Loan Receivables:
Loans, net	3,916	2,010
Total
Loan Receivables:
Loans, net	35,628	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	19,600	8,047
Residential real estate | Other Collateral
Loan Receivables:
Loans, net	0	0
Residential real estate | Total
Loan Receivables:
Loans, net	19,600	8,047
Commercial real estate | Real Estate Collateral
Loan Receivables:
Loans, net	11,905	6,134
Commercial real estate | Other Collateral
Loan Receivables:
Loans, net	0	0
Commercial real estate | Total
Loan Receivables:
Loans, net	11,905	6,134
Commercial | Real Estate Collateral
Loan Receivables:
Loans, net	0	0
Commercial | Other Collateral
Loan Receivables:
Loans, net	3,160	1,106
Commercial | Total
Loan Receivables:
Loans, net	3,160	1,106
Consumer | Real Estate Collateral
Loan Receivables:
Loans, net	0	0
Consumer | Other Collateral
Loan Receivables:
Loans, net	756	904
Consumer | Total
Loan Receivables:
Loans, net	$ 756	$ 904

Goodwill and Other Intangible_2

Goodwill and Other Intangibles (Schedule of Components of Goodwill and Other Acquired Intangible Assets) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 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)
Accumulated Amortization	(667)	(667)
Net Carrying Amount	63,266	63,266
Finite-Lived Intangible Assets [Line Items]
Core Deposit Intangible, Net Carrying Amount	40,609	48,090
Core Deposit Intangible
Finite-Lived Intangible Assets [Line Items]
Core Deposit Intangible, Gross Carrying Amount	59,151	10,503
Core Deposit Intangible, Additions	0	48,648
Core Deposit Intangible, Accumulated Impairment Charges	0	0
Core Deposit Intangible, Accumulated Amortization	(18,542)	(11,061)
Core Deposit Intangible, Net Carrying Amount	$ 40,609	$ 48,090
Core Deposit Intangible, Weighted Average Remaining Lift (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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of other intangible assets	$ 2,336	$ 2,634	$ 7,482	$ 3,510

Goodwill and Other Intangible_4

Goodwill and Other Intangibles (Future Amortization Expense for Amortizable Other Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 2,298
2025	8,589
2026	7,398
2027	6,208
2028	5,060
Thereafter	11,056
Total amortizing intangible assets	$ 40,609	$ 48,090

Leases (Lease Information) (Det

Leases (Lease Information) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lease liabilities	$ 11,816	$ 12,857
Right-of-use assets	$ 11,384	$ 12,487
Weighted average remaining lease term	10 years 6 months 3 days	10 years 10 months 17 days
Weighted average discount rate	3.27%	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	16 years 11 months 4 days	17 years 8 months 4 days

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 473	$ 485	$ 1,445	$ 1,153
Total lease cost	473	485	1,445	1,153
Cash paid for amounts included in the measurement of lease liabilities	$ 449	$ 459	$ 1,367	$ 1,090

Leases (Lease Payments Due) (De

Leases (Lease Payments Due) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Three months ending December 31, 2024	$ 431
2025	1,648
2026	1,636
2027	1,517
2028	1,467
Thereafter	7,233
Total undiscounted cash flows	13,932
Discount	2,116
Lease liabilities	$ 11,816	$ 12,857

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Gross rental income	$ 266	$ 253	$ 799	$ 937
Lessee, Operating Lease, Option to Extend			TRUE

Leases (Minimum Future Annual R

Leases (Minimum Future Annual Rental Income) (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Minimum Future Annual Rental Income
Three months ending December 31, 2024	$ 224
2025	904
2026	927
2027	614
2028	632
Thereafter	2,478
Total	$ 5,779

Deposits (Summary of Deposits)

Deposits (Summary of Deposits) (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Deposits [Abstract]
Noninterest-bearing demand	$ 1,571,393	$ 1,258,037
Noninterest-bearing demand, percentage	0.3007	0.2336
Balance
Demand	$ 751,533	$ 1,165,546
Money market deposits	1,297,237	1,430,603
Savings	336,903	347,324
Certificates of deposit	1,268,657	1,184,610
Total interest-bearing	$ 3,654,330	$ 4,128,083
%
Demand	14.38%	21.64%
Money market deposits	24.82%	26.56%
Savings	6.45%	6.45%
Certificates of deposit	24.28%	21.99%
Total interest-bearing	69.93%	76.64%
Total deposits	$ 5,225,723	$ 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	Sep. 30, 2024 USD ($)
Deposits [Abstract]
Within one year	$ 1,083,147
Year 2	157,446
Year 3	15,407
Year 4	6,570
Year 5	6,083
Thereafter	4
Total	$ 1,268,657

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Deposits [Abstract]
Aggregate amount of deposits that exceed the FDIC insurance limit	$ 417.8	$ 354.6

Borrowings (Schedule of Long-Te

Borrowings (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less net discount and unamortized issuance costs	$ (4,035)	$ (4,822)
Total long-term debt	123,456	72,669
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Long-term debt, gross	$ 50,000	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	32,991	32,991
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	$ 18,800
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	$ 6,600
Tri-County Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 7,217	7,217
Interest Rate	2.60%
Tri-County Capital Trust II | Subordinated Debt
Debt Instrument [Line Items]
Total long-term debt	$ 4,400
Tri-County Capital Trust II | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 5,155	$ 5,155
Interest Rate	1.70%

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Recorded balance of subordinated debt	$ 123,456	$ 72,669
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	32,991	32,991
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Long-term debt, gross	50,000	0
Short-term borrowings	0	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	18,800
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	6,600
Unamortized fair value adjustment	583
Tri-County Capital Trust I | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	7,217	7,217
Tri-County Capital Trust II | Subordinated Debt
Debt Instrument [Line Items]
Recorded balance of subordinated debt	4,400
Unamortized fair value adjustment	748
Tri-County Capital Trust II | Trust Preferred Securities
Debt Instrument [Line Items]
Long-term debt, gross	$ 5,155	$ 5,155

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 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	$ 241	$ 12	$ 577	$ 535
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		750,000
Shares available to be granted (in shares)	190,166		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	$ 505	$ 122	$ 907	$ 122
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	9 Months Ended
	Sep. 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)	(44,655)
Forfeited (in shares)	0
Nonvested at end of period (in shares)	52,277
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	15.33
Forfeited (in dollars per share) | $ / shares	0
Nonvested at end of period (in dollars per share) | $ / shares	$ 11.52
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)	(79,553)
Forfeited (in shares)	(3,256)
Nonvested at end of period (in shares)	135,525
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	$ 11.46
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	9 Months Ended
	Sep. 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	Sep. 30, 2024	Dec. 31, 2023
IRLCs
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	$ 14,199	$ 6,785
Derivative asset, estimated fair value	219	110
TBA forward trades
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	20,750	1,000
Derivative asset, estimated fair value	46	2
Derivative liability, notional amount	16,000	18,000
Derivative liability, estimated fair value	$ 37	$ 176

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 522,783	$ 515,228	$ 511,135	$ 363,140	$ 361,638	$ 364,285	$ 511,135	$ 364,285
Other comprehensive income (loss)	2,734	(202)	(564)	(1,548)	(400)	860	1,968	(1,088)
Ending balance	533,271	522,783	515,228	501,578	363,140	361,638	533,271	501,578
Net Unrealized Gains (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(8,260)		$ (7,494)	(8,561)		$ (9,021)	(7,494)	(9,021)
Other comprehensive income (loss)	2,734			(1,548)			1,968	(1,088)
Ending balance	$ (5,526)	$ (8,260)		$ (10,109)	$ (8,561)		$ (5,526)	$ (10,109)

Regulatory Capital - Narrative

Regulatory Capital - Narrative (Details)	Sep. 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	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Banking Regulation, Common Equity Tier 1 Risk-Based Capital [Abstract]
Common Tier 1 Capital to RWA, amount	$ 446,402	$ 408,317
Common Tier 1 Capital to RWA, ratio	0.0927	0.0869
Tier 1 Capital to RWA, amount	$ 476,170	$ 437,847
Tier 1 Capital to RWA, ratio	0.0989	0.0932
Total Capital to RWA, amount	$ 579,664	$ 539,572
Total Capital to RWA, ratio	0.1204	0.1149
Tier 1 Capital to AA (Leverage), amount	$ 476,170	$ 437,847
Tier 1 Capital to AA (Leverage), ratio	0.0831	0.0775
Regulatory Min. Ratio + CCB
Common Tier 1 Capital to RWA, ratio	0.0700	0.0700
Tier 1 Capital to RWA, ratio	0.0850	0.0850
Total Capital to RWA, ratio	0.1050	0.1050
Tier 1 Capital to AA (Leverage), ratio	0.0400	0.0400
To Be Well-Capitalized Under Prompt Corrective Action Regulations
Common Tier 1 Capital to RWA, ratio	0.0650	0.0650
Tier 1 Capital to RWA, ratio	0.0800	0.0800
Total Capital to RWA, ratio	0.1000	0.1000
Tier 1 Capital to AA (Leverage), ratio	0.0500	0.0500
The Bank
Banking Regulation, Common Equity Tier 1 Risk-Based Capital [Abstract]
Common Tier 1 Capital to RWA, amount	$ 509,511	$ 470,200
Common Tier 1 Capital to RWA, ratio	0.1060	0.1002
Tier 1 Capital to RWA, amount	$ 509,511	$ 470,200
Tier 1 Capital to RWA, ratio	0.1060	0.1002
Total Capital to RWA, amount	$ 569,317	$ 528,786
Total Capital to RWA, ratio	0.1184	0.1127
Tier 1 Capital to AA (Leverage), amount	$ 509,511	$ 470,200
Tier 1 Capital to AA (Leverage), ratio	0.0890	0.0833

Regulatory Capital - Schedule_2

Regulatory Capital - Schedule of Capital Amounts (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	$ 533,271	$ 522,783	$ 515,228	$ 511,135	$ 501,578	$ 363,140	$ 361,638	$ 364,285
Goodwill	(61,397)			(63,266)
Core deposit intangible	(30,572)			(38,069)
DTAs that arise from net operating loss and tax credit carry forwards	(426)			(8,977)
AOCI losses	5,526			7,494
Common Tier 1 Capital to RWA, amount	446,402			408,317
TRUPs	29,768			29,530
Tier 1 Capital	476,170			437,847
Allowable reserve for credit losses and other Tier 2 adjustments	59,806			58,586
Subordinated debt, net	43,688			43,139
Total Capital	579,664			539,572
Risk-Weighted Assets (“RWA”)	4,816,165			4,697,504
Average Assets (“AA”)	5,729,576			5,649,116
The Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity	595,954			570,100
Goodwill	(61,397)			(63,266)
Core deposit intangible	(30,572)			(38,069)
DTAs that arise from net operating loss and tax credit carry forwards	0			(6,059)
AOCI losses	5,526			7,494
Common Tier 1 Capital to RWA, amount	509,511			470,200
TRUPs	0			0
Tier 1 Capital	509,511			470,200
Allowable reserve for credit losses and other Tier 2 adjustments	59,806			58,586
Subordinated debt, net	0			0
Total Capital	569,317			528,786
Risk-Weighted Assets (“RWA”)	4,808,058			4,693,009
Average Assets (“AA”)	$ 5,721,995			$ 5,644,930

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Value and Range) (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,309	$ 5,995	$ 5,926
IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	219		110
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	5,309		5,926
Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs - Derivative Asset	219		110
Valuation, Market Approach | Prepayment speed | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSRs	$ 5,309		$ 5,926
MSRs Range	220		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	$ 219		$ 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	0.78		0.78
Maximum | Valuation, Market Approach | Pull through rate | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
IRLCs Range	1		1
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	0.97		0.98

Fair Value Measurements (Activi

Fair Value Measurements (Activity in MSRs) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	$ 5,995	$ 5,926
Servicing rights resulting from sales of loans	55	253
Valuation adjustment	(741)	(870)
Ending balance	$ 5,309	$ 5,309

Fair Value Measurements (Acti_2

Fair Value Measurements (Activity in IRLCs) (Details) - IRLCs - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Derivative Asset, Subject to Master Netting Arrangement [Roll Forward]
Beginning Balance	$ 208	$ 110
Valuation adjustment	11	109
Ending Balance	$ 219	$ 219

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Investment securities:
Securities available for sale:	$ 133,339		$ 110,521
Equity securities	5,950		5,703
Loans Held for Sale	26,877		8,782
Loans Held for Investment, at fair value	10,023		9,944
MSRs	5,309	$ 5,995	5,926
Total assets at fair value	181,763		140,988
Total liabilities at fair value	37		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:	133,339		110,521
Equity securities	5,950		5,703
Loans Held for Sale	26,877		8,782
Loans Held for Investment, at fair value	10,023		9,944
MSRs	0		0
Total assets at fair value	176,235		134,952
Total liabilities at fair value	37		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	5,309		5,926
Total assets at fair value	5,528		6,036
Total liabilities at fair value	0		0
U.S. Treasury and government agencies
Investment securities:
Securities available for sale:	20,690		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:	20,690		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:	106,221		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:	106,221		84,027
Mortgage-backed-residential | Level 3
Investment securities:
Securities available for sale:	0		0
Other debt securities
Investment securities:
Securities available for sale:	6,428		6,019
Other debt securities | Level 1
Investment securities:
Securities available for sale:	0		0
Other debt securities | Level 2
Investment securities:
Securities available for sale:	6,428		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	46		2
Derivative liabilities, fair value	37		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	46		2
Derivative liabilities, fair value	37		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	219		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	$ 219		$ 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	Sep. 30, 2024	Dec. 31, 2023
Appraisal Of Collateral
Impaired loans:
Individually evaluated collateral dependent loans	$ 2,983	$ 633
Other real estate owned	179	$ 179
Repossessed assets	$ 306
Individually evaluated collateral dependent loans, measurement input		51%
Appraisal Of Collateral | Minimum
Impaired loans:
Individually evaluated collateral dependent loans, measurement input	19%
Other real estate owned, measurement input		0%
Appraisal Of Collateral | Maximum
Impaired loans:
Individually evaluated collateral dependent loans, measurement input	100%
Appraisal Of Collateral | Weighted Average
Impaired loans:
Individually evaluated collateral dependent loans, measurement input	64%	51%
Other real estate owned, measurement input	0%	0%
Repossessed properties, measurement input	36%
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	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Assets
Investment securities - AFS	$ 133,339		$ 110,521
Held to maturity, fair value	440,296		457,830
Restricted securities	20,253		17,900
Loans held for sale, at fair value	26,877		8,782
Loans, at fair value	10,023		9,944
MSRs	5,309	$ 5,995	5,926
Level 1
Assets
Cash and cash equivalents	183,621		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
Level 2
Assets
Cash and cash equivalents	0		0
Investment securities - AFS	133,339		110,521
Held to maturity, fair value	440,296		457,830
Equity securities	5,950		5,703
Restricted securities	20,253
Loans held for sale, at fair value	26,877		8,782
Cash surrender value on life insurance	103,729		101,704
Loans, at fair value	10,023		9,944
Loans, net	0		0
MSRs	0		0
Deposits:
Noninterest-bearing demand	1,571,393		1,258,037
Checking plus interest	751,533		1,165,546
Money Market	1,297,237		1,430,603
Savings	335,161		347,324
Club	1,742
Advances from FHLB	50,545
Certificates of Deposit	1,270,865		1,184,447
Subordinated debt, net	43,461		42,579
TRUPS, net	28,572		28,266
Level 2 | TBA forward trades
Assets
Derivative asset	46		2
Deposits:
Derivative liability	37		176
Level 2 | IRLCs
Assets
Derivative asset	0		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	4,499,722		4,477,468
MSRs	5,309		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	219		110
Carrying Amount
Assets
Cash and cash equivalents	183,621		372,413
Investment securities - AFS	133,339		110,521
Held to maturity, fair value	484,583		513,188
Equity securities	5,950		5,703
Restricted securities	20,253
Loans held for sale, at fair value	26,877		8,782
Cash surrender value on life insurance	103,729		101,704
Loans, at fair value	10,023		9,944
Loans, net	4,665,217		4,573,715
MSRs	5,309		5,926
Deposits:
Noninterest-bearing demand	1,571,393		1,258,037
Checking plus interest	751,533		1,165,546
Money Market	1,297,237		1,430,603
Savings	335,161		347,324
Club	1,742
Advances from FHLB	50,000
Certificates of Deposit	1,268,657		1,184,610
Subordinated debt, net	43,688		43,139
TRUPS, net	29,768		29,530
Carrying Amount | TBA forward trades
Assets
Derivative asset	46		2
Deposits:
Derivative liability	37		176
Carrying Amount | IRLCs
Assets
Derivative asset	219		110
Fair Value
Assets
Cash and cash equivalents	183,621		372,413
Investment securities - AFS	133,339		110,521
Held to maturity, fair value	440,296		457,830
Equity securities	5,950		5,703
Restricted securities	20,253
Loans held for sale, at fair value	26,877		8,782
Cash surrender value on life insurance	103,729		101,704
Loans, at fair value	10,023		9,944
Loans, net	4,499,722		4,477,468
MSRs	5,309		5,926
Deposits:
Noninterest-bearing demand	1,571,393		1,258,037
Checking plus interest	751,533		1,165,546
Money Market	1,297,237		1,430,603
Savings	335,161		347,324
Club	1,742
Advances from FHLB	50,545
Certificates of Deposit	1,270,865		1,184,447
Subordinated debt, net	43,461		42,579
TRUPS, net	28,572		28,266
Fair Value | TBA forward trades
Assets
Derivative asset	46		2
Deposits:
Derivative liability	37		176
Fair Value | IRLCs
Assets
Derivative asset	$ 219		$ 110

Commitments and Contingencies_2

Commitments and Contingencies (Schedule of Commitments Outstanding) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 723,070	$ 641,785
Commitments to extend credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	695,887	613,266
Letters of credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Commitments outstanding	$ 27,183	$ 28,519

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						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 11,189	$ 11,234	$ 8,184	$ (9,737)	$ 4,018	$ 6,457	$ 30,607	$ 738
Weighted average shares outstanding - Basic (in shares)	33,318			33,129			33,247	24,354
Dilutive effect of common stock equivalents (in shares)	21			0			7	0
Weighted average shares outstanding - Diluted (in shares)	33,339			33,129			33,254	24,354
Anti-dilutive shares (in shares)	0			219			0	219
Earnings (loss) per common share - Basic (in dollars per share)	$ 0.34			$ (0.29)			$ 0.92	$ 0.03
Earnings (loss) per common share - Diluted (in dollars per share)	$ 0.34			$ (0.29)			$ 0.92	$ 0.03

Revenue Recognition (Noninteres

Revenue Recognition (Noninterest Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 4,740	$ 6,349	$ 14,701	$ 13,450
Noninterest Income (out-of-scope of Topic 606)	2,547	8,635	7,593	12,163
Total noninterest income	7,287	14,984	22,294	25,613
Service charges on deposit accounts
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,543	1,505	4,543	3,981
Trust and investment fee income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	880	1,933	2,510	2,764
Interchange income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	1,711	1,557	5,015	4,081
Title Company revenue
Noninterest Income
Noninterest Income (in-scope of Topic 606)	100	89	344	412
Other noninterest income
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 506	$ 1,265	$ 2,289	$ 2,212