Red River Bancshares (RRBI) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-38888
Entity Registrant Name	Red River Bancshares, Inc.
Entity Incorporation, State or Country Code	LA
Entity Tax Identification Number	72-1412058
Entity Address, Address Line One	1412 Centre Court Drive
Entity Address, Address Line Two	Suite 301
Entity Address, City or Town	Alexandria
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	71301
City Area Code	318
Local Phone Number	561-4000
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	RRBI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business Category	false
Entity Emerging Growth Category	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,886,353
Entity Central Index Key	0001071236
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 35,035	$ 53,062
Interest-bearing deposits in other banks	178,038	252,364
Total Cash and Cash Equivalents	213,073	305,426
Securities available-for-sale, at fair value (amortized cost of $591,291 and $632,258, respectively)	526,890	570,092
Securities held-to-maturity, at amortized cost (fair value of $113,975 and $119,029, respectively)	136,824	141,236
Equity securities, at fair value	2,921	2,965
Nonmarketable equity securities	2,283	2,239
Loans held for sale	3,878	1,306
Loans held for investment	2,047,890	1,992,858
Less: Allowance for credit losses	(21,627)	(21,336)
Loans held for investment, net	2,026,263	1,971,522
Premises and equipment, net	57,910	57,088
Accrued interest receivable	9,570	9,945
Bank-owned life insurance	29,947	29,529
Intangible assets	1,546	1,546
Right-of-use assets	2,973	3,629
Other assets	34,450	32,287
Total Assets	3,048,528	3,128,810
LIABILITIES
Noninterest-bearing deposits	892,942	916,456
Interest-bearing deposits	1,823,704	1,885,432
Total Deposits	2,716,646	2,801,888
Accrued interest payable	8,747	8,000
Lease liabilities	3,100	3,767
Accrued expenses and other liabilities	13,045	11,304
Total Liabilities	2,741,538	2,824,959
COMMITMENTS AND CONTINGENCIES	0	0
STOCKHOLDERS’ EQUITY
Preferred stock, no par value: Authorized - $1,000,000 shares; None Issued and Outstanding	0	0
Common stock, no par value: Authorized - $30,000,000 shares; Issued and Outstanding - $6,886,928 and $7,091,637 shares, respectively	44,413	55,136
Additional paid-in capital	2,590	2,407
Retained earnings	321,719	306,802
Accumulated other comprehensive income (loss)	(61,732)	(60,494)
Total Stockholders’ Equity	306,990	303,851
Total Liabilities and Stockholders’ Equity	$ 3,048,528	$ 3,128,810

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Securities available-for-sale, amortized cost	$ 591,291	$ 632,258
Securities available-for-maturity, fair value	$ 113,975	$ 119,029
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares, issued (in shares)	6,886,928	7,091,637
Common stock, shares, outstanding (in shares)	6,886,928	7,091,637

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 26,882	$ 22,851	$ 52,775	$ 44,616
Interest on securities	4,068	3,665	8,132	7,231
Interest on federal funds sold	0	251	0	886
Interest on deposits in other banks	2,709	1,671	5,748	3,409
Dividends on stock	22	33	44	61
Total Interest and Dividend Income	33,681	28,471	66,699	56,203
INTEREST EXPENSE
Interest on deposits	11,894	6,933	23,549	11,756
Interest on other borrowed funds	0	28	0	28
Total Interest Expense	11,894	6,961	23,549	11,784
Net Interest Income	21,787	21,510	43,150	44,419
Provision for credit losses	300	300	600	300
Net Interest Income After Provision for Credit Losses	21,487	21,210	42,550	44,119
NONINTEREST INCOME
Service charges on deposit accounts	1,367	1,435	2,735	2,828
Debit card income, net	949	924	1,971	1,858
Mortgage loan income	650	645	1,106	920
Brokerage income	893	923	1,880	1,730
Loan and deposit income	492	517	984	995
Bank-owned life insurance income	216	188	418	366
Gain (Loss) on equity securities	(13)	(64)	(44)	(32)
SBIC income	454	1,380	806	1,559
Other income (loss)	90	59	170	123
Total Noninterest Income	5,098	6,007	10,026	10,347
OPERATING EXPENSES
Personnel expenses	9,603	9,547	19,154	18,547
Occupancy and equipment expenses	1,698	1,554	3,314	3,271
Technology expenses	724	642	1,433	1,390
Advertising	408	343	745	624
Other business development expenses	593	494	1,068	930
Data processing expense	651	638	998	1,038
Other taxes	500	693	1,237	1,378
Loan and deposit expenses	309	284	267	489
Legal and professional expenses	729	580	1,347	1,097
Regulatory assessment expenses	401	397	805	804
Other operating expenses	1,073	960	2,194	2,052
Total Operating Expenses	16,689	16,132	32,562	31,620
Income Before Income Tax Expense	9,896	11,085	20,014	22,846
Income tax expense	1,909	2,117	3,839	4,280
Net Income	$ 7,987	$ 8,968	$ 16,175	$ 18,566
EARNINGS PER SHARE
Basic (in dollars per share)	$ 1.16	$ 1.25	$ 2.32	$ 2.59
Diluted (in dollars per share)	$ 1.16	$ 1.25	$ 2.31	$ 2.58

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 7,987	$ 8,968	$ 16,175	$ 18,566
Other comprehensive income (loss):
Unrealized net gain (loss) on securities arising during period	872	(1,849)	(2,235)	1,108
Tax effect	(183)	389	470	(231)
Change in unrealized net loss on securities transferred to held-to-maturity	353	390	667	755
Tax effect	(74)	(82)	(140)	(159)
Total other comprehensive income (loss)	968	(1,152)	(1,238)	1,473
Comprehensive Income (Loss)	$ 8,955	$ 7,816	$ 14,937	$ 20,039

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Impact of ASC 326 Adoption	Common Stock	Additional Paid-In Capital	Retained Earnings	Retained Earnings Impact of ASC 326 Adoption	Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period (in shares) at Dec. 31, 2022			7,183,915
Balance in the beginning of period at Dec. 31, 2022	$ 265,753	$ (569)	$ 60,050	$ 2,088	$ 274,781	$ (569)	$ (71,166)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,598				9,598
Stock incentive plan	69			69
Forfeiture of restricted shares of common stock (in shares)			(1,130)
Issuance of shares of common stock as board compensation (in shares)			1,660
Issuance of shares of common stock as board compensation	84		$ 84
Repurchase of common stock (in shares)			(6,795)
Repurchase of common stock	(346)		$ (346)
Cash dividend	(574)				(574)
Other comprehensive income (loss)	2,625						2,625
Balance at the end of period (in shares) at Mar. 31, 2023			7,177,650
Balance at the end of period at Mar. 31, 2023	276,640		$ 59,788	2,157	283,236		(68,541)
Balance at the beginning of period (in shares) at Dec. 31, 2022			7,183,915
Balance in the beginning of period at Dec. 31, 2022	265,753	$ (569)	$ 60,050	2,088	274,781	$ (569)	(71,166)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,566
Other comprehensive income (loss)	1,473
Balance at the end of period (in shares) at Jun. 30, 2023			7,175,056
Balance at the end of period at Jun. 30, 2023	283,372		$ 59,187	2,248	291,630		(69,693)
Balance at the beginning of period (in shares) at Mar. 31, 2023			7,177,650
Balance in the beginning of period at Mar. 31, 2023	276,640		$ 59,788	2,157	283,236		(68,541)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,968				8,968
Stock incentive plan	91			91
Issuance of restricted shares of common stock through stock incentive plan (in shares)			9,300
Repurchase of common stock (in shares)			(11,894)
Repurchase of common stock	(601)		$ (601)
Cash dividend	(574)				(574)
Other comprehensive income (loss)	(1,152)						(1,152)
Balance at the end of period (in shares) at Jun. 30, 2023			7,175,056
Balance at the end of period at Jun. 30, 2023	$ 283,372		$ 59,187	2,248	291,630		(69,693)
Balance at the beginning of period (in shares) at Dec. 31, 2023	7,091,637		7,091,637
Balance in the beginning of period at Dec. 31, 2023	$ 303,851		$ 55,136	2,407	306,802		(60,494)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,188				8,188
Stock incentive plan	78			78
Issuance of shares of common stock as board compensation (in shares)			811
Issuance of shares of common stock as board compensation	41		$ 41
Repurchase of common stock (in shares)			(200,000)
Repurchase of common stock	(10,000)		$ (10,000)
Cash dividend	(638)				(638)
Other comprehensive income (loss)	(2,206)						(2,206)
Balance at the end of period (in shares) at Mar. 31, 2024			6,892,448
Balance at the end of period at Mar. 31, 2024	$ 299,314		$ 45,177	2,485	314,352		(62,700)
Balance at the beginning of period (in shares) at Dec. 31, 2023	7,091,637		7,091,637
Balance in the beginning of period at Dec. 31, 2023	$ 303,851		$ 55,136	2,407	306,802		(60,494)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	16,175
Other comprehensive income (loss)	$ (1,238)
Balance at the end of period (in shares) at Jun. 30, 2024	6,886,928		6,886,928
Balance at the end of period at Jun. 30, 2024	$ 306,990		$ 44,413	2,590	321,719		(61,732)
Balance at the beginning of period (in shares) at Mar. 31, 2024			6,892,448
Balance in the beginning of period at Mar. 31, 2024	299,314		$ 45,177	2,485	314,352		(62,700)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,987				7,987
Stock incentive plan	105			105
Issuance of restricted shares of common stock through stock incentive plan (in shares)			10,700
Repurchase of common stock (in shares)			(16,220)
Repurchase of common stock	(764)		$ (764)
Cash dividend	(620)				(620)
Other comprehensive income (loss)	$ 968						968
Balance at the end of period (in shares) at Jun. 30, 2024	6,886,928		6,886,928
Balance at the end of period at Jun. 30, 2024	$ 306,990		$ 44,413	$ 2,590	$ 321,719		$ (61,732)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.09	$ 0.09	$ 0.08	$ 0.08

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 16,175	$ 18,566
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	1,202	1,068
Amortization	278	277
Share-based compensation earned	183	160
Share-based board compensation earned	42	22
Net (accretion) amortization on securities AFS	627	851
Net (accretion) amortization on securities HTM	(652)	(736)
(Gain) Loss on equity securities	44	32
Provision for credit losses	600	300
Deferred income tax (benefit) expense	38	(459)
Net (increase) decrease in loans HFS	(2,572)	(4,068)
Net (increase) decrease in accrued interest receivable	375	591
Net (increase) decrease in BOLI	(418)	(366)
Net increase (decrease) in accrued interest payable	747	2,535
Net increase (decrease) in accrued income taxes payable	(522)	(747)
Other operating activities, net	685	(108)
Net cash provided by (used in) operating activities	16,832	17,918
Activity in securities AFS:
Maturities, principal repayments, and calls	75,248	54,754
Purchases	(34,908)	(28,568)
Activity in securities HTM:
Maturities, principal repayments, and calls	5,064	5,850
Sale of equity securities	0	6,000
Purchase of nonmarketable equity securities	0	(852)
Capital contribution in partnerships	(40)	(816)
Net (increase) decrease in loans HFI	(55,341)	(31,507)
Proceeds from sales of foreclosed assets	69	0
Proceeds from sales of premises and equipment	11	0
Purchases of premises and equipment	(2,024)	(2,252)
Net cash provided by (used in) investing activities	(11,921)	2,609
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits	(85,242)	(134,753)
Proceeds from other borrowed funds	0	60,000
Repurchase of common stock	(10,764)	(947)
Cash dividends	(1,258)	(1,148)
Net cash provided by (used in) financing activities	(97,264)	(76,848)
Net change in cash and cash equivalents	(92,353)	(56,321)
Cash and cash equivalents - beginning of period	305,426	278,392
Cash and cash equivalents - end of period	213,073	222,071
Cash paid during the year for:
Interest	22,802	9,249
Income taxes	4,256	5,480
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans	$ 0	$ 22

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements of the Company were prepared in accordance with GAAP for interim financial information, general practices within the financial services industry, and instructions for Form 10-Q and Regulation S-X. Accordingly, these interim financial statements do not include all of the information or footnotes required by GAAP for annual financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for the entire fiscal year. These statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Certain prior period amounts have been reclassified to conform to the current period presentation. These changes in presentation did not have a material impact on the Company’s financial condition or results of operations. Critical Accounting Policies and Estimates In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, comprehensive income, changes in stockholders’ equity, and cash flows for the interim period presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions. Recent Accounting Pronouncements ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The guidance issued in this update requires improvement to the disclosures about a public entity’s reportable segments and more detailed information about a reportable segment’s expenses and other segment items. Even though the Company has a single reportable segment, all the disclosures required by this update are required. Under this guidance, public entities are required to disclose segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures about a reportable segment that are currently required annually. The goal of these disclosures is to enable investors to develop more decision-useful financial analyses. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments in this update should be applied retrospectively to all previous periods presented. The Company does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The guidance in this update provides enhanced transparency and decision usefulness of income tax disclosures. The amendment addresses investor requests for income tax information through improvements to income tax disclosures related to the rate reconciliation and income taxes paid information. The guidance requires public business entities to disclose in their rate reconciliation table additional categories of information about federal, state, and foreign income taxes and to provide more details about the reconciling items in some categories if the items meet a quantitative threshold. The guidance also requires all entities to disclose annually income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes and to disaggregate the information by jurisdiction based on a quantitative threshold. Investors anticipate theses disclosures will provide an understanding of an entity’s exposures to changes in tax legislation and allow investors to better assess income tax information that affects cash flow forecasts and capital allocation decisions, as well as identify opportunities to increase future cash flows. The standard is effective for annual periods beginning after December 15, 2024, and interim periods within those annual periods. Early adoption is permitted. The amendments should be applied on a prospective basis, but retrospective application is permitted. The Company does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements. ASU No. 2024-01, Compensation - Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards. The guidance issued in this update was designed to improve GAAP by adding an illustrative example that clarifies when the scope guidance of Topic 718 should be applied, since diversity in practice exists. This ASU does not change existing guidance. The standard is effective for annual periods beginning after December 15, 2024, and interim periods within those annual periods. Early adoption is permitted. The amendments in this update should be applied retrospectively to all prior periods presented or prospectively. The Company does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. ASU No. 2024-02, Codification Improvements - Amendments to Remove References to the Concept Statements. The guidance issued in this update amends the codification to remove references to various Financial Accounting Standards Board Concept Statements. The codification will be updated to clarify or correct unintended application of guidance that is not expected to have any significant effect on current accounting practice or cost to most entities. The standard is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements.

Securities

Securities	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities Securities are classified as AFS, HTM, and equity securities. Total securities were $666.6 million as of June 30, 2024. Securities AFS and Securities HTM Securities AFS and securities HTM are debt securities. Securities AFS are held for indefinite periods of time and are carried at estimated fair value. As of June 30, 2024, the estimated fair value of securities AFS was $526.9 million. The net unrealized loss on securities AFS increased $2.2 million for the six months ended June 30, 2024, resulting in a net unrealized loss of $64.4 million as of June 30, 2024. Securities HTM, which the Company has the intent and ability to hold until maturity, are carried at amortized cost. As of June 30, 2024, the amortized cost of securities HTM was $136.8 million. Investment activity for the six months ended June 30, 2024, included $80.3 million in maturities, principal repayments, and calls, partially offset by $34.9 million of securities purchased. There were no sales of securities AFS, and there were no purchases or sales of securities HTM for the same period. The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables: June 30, 2024 (in thousands) Amortized Gross Gross Fair Securities AFS: Mortgage-backed securities $ 288,908 $ 311 $ (29,982) $ 259,237 Municipal bonds 204,724 — (32,280) 172,444 U.S. Treasury securities 48,000 — (719) 47,281 U.S. agency securities 49,659 18 (1,749) 47,928 Total Securities AFS $ 591,291 $ 329 $ (64,730) $ 526,890 Securities HTM: Mortgage-backed securities $ 135,897 $ — $ (22,742) $ 113,155 U.S. agency securities 927 — (107) 820 Total Securities HTM $ 136,824 $ — $ (22,849) $ 113,975 December 31, 2023 (in thousands) Amortized Gross Gross Fair Securities AFS: Mortgage-backed securities $ 288,793 $ 395 $ (31,228) $ 257,960 Municipal bonds 211,848 13 (27,732) 184,129 U.S. Treasury securities 92,054 — (1,912) 90,142 U.S. agency securities 39,563 5 (1,707) 37,861 Total Securities AFS $ 632,258 $ 413 $ (62,579) $ 570,092 Securities HTM: Mortgage-backed securities $ 140,314 $ — $ (22,098) $ 118,216 U.S. agency securities 922 — (109) 813 Total Securities HTM $ 141,236 $ — $ (22,207) $ 119,029 The amortized cost and estimated fair value of securities AFS and securities HTM as of June 30, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to call or repay obligations with or without call or prepayment penalties. June 30, 2024 (in thousands) Amortized Fair Securities AFS: Within one year $ 56,343 $ 55,477 After one year but within five years 27,494 26,423 After five years but within ten years 115,518 107,295 After ten years 391,936 337,695 Total Securities AFS $ 591,291 $ 526,890 Securities HTM: Within one year $ — $ — After one year but within five years — — After five years but within ten years 927 820 After ten years 135,897 113,155 Total Securities HTM $ 136,824 $ 113,975 Accounting for Credit Losses – Securities AFS and Securities HTM The Company evaluates securities AFS for impairment when there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Due to the zero credit loss assumption and the considerations applied to the securities AFS, there was no ACL recorded for securities AFS as of June 30, 2024 and December 31, 2023. Also, as part of the Company’s evaluation of its intent and ability to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, the Company considers its investment strategy, cash flow needs, liquidity position, capital adequacy, and interest rate risk position. Management does not intend to sell these securities prior to recovery, and it is more likely than not that the Company will have the ability to hold them, primarily due to adequate liquidity, until each security has recovered its cost basis. Due to the zero credit loss assumption on the securities HTM portfolio, there was no ACL recorded for securities HTM as of June 30, 2024 and December 31, 2023. Accrued interest receivable totaled $2.9 million and $3.0 million as of June 30, 2024 and December 31, 2023, respectively, for securities AFS and securities HTM and was reported in accrued interest receivable on the consolidated balance sheets. Information pertaining to securities AFS with gross unrealized losses as of June 30, 2024 and December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows: June 30, 2024 Less than twelve months Twelve months or more (in thousands) Gross Fair Gross Fair Securities AFS: Mortgage-backed securities $ (133) $ 21,311 $ (29,849) $ 194,942 Municipal bonds (115) 2,990 (32,165) 169,454 U.S. Treasury securities — — (719) 47,281 U.S. agency securities (116) 26,096 (1,633) 13,574 Total Securities AFS $ (364) $ 50,397 $ (64,366) $ 425,251 December 31, 2023 Less than twelve months Twelve months or more (in thousands) Gross Fair Gross Fair Securities AFS: Mortgage-backed securities $ (35) $ 19,383 $ (31,193) $ 206,518 Municipal bonds (83) 4,815 (27,649) 176,098 U.S. Treasury securities — — (1,912) 90,142 U.S. agency securities (82) 19,301 (1,625) 14,475 Total Securities AFS $ (200) $ 43,499 $ (62,379) $ 487,233 As of June 30, 2024, the Company held 474 securities AFS that were in unrealized loss positions. The aggregate unrealized loss of these securities AFS as of June 30, 2024, was 10.95% of the amortized cost basis of total debt securities. For the three and six months ended June 30, 2024 and 2023, there were no proceeds from sales and calls of debt securities. Equity Securities Equity securities are an investment in a CRA mutual fund, consisting primarily of bonds. Equity securities are carried at fair value on the consolidated balance sheets with periodic changes in value recorded through the consolidated statements of income. As of June 30, 2024, equity securities had a fair value of $2.9 million with a recognized loss of $44,000 for the six months ended June 30, 2024. As of December 31, 2023, equity securities had a fair value of $3.0 million with a recognized loss of $14,000 for the year ended December 31, 2023. Pledged Securities

Loans and Asset Quality

Loans and Asset Quality	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Loans and Asset Quality	Loans and Asset Quality Loans Loans HFI by category and loans HFS are summarized below: (in thousands) June 30, 2024 December 31, 2023 Real estate: Commercial real estate $ 865,645 $ 851,582 One-to-four family residential 611,904 599,487 Construction and development 129,197 125,238 Commercial and industrial 344,071 315,327 Tax-exempt 67,941 72,913 Consumer 29,132 28,311 Total loans HFI $ 2,047,890 $ 1,992,858 Total loans HFS $ 3,878 $ 1,306 Accrued interest receivable on loans HFI totaled $6.6 million and $6.8 million as of June 30, 2024 and December 31, 2023, respectively, and was reported in accrued interest receivable on the accompanying consolidated balance sheets. Allowance for Credit Losses Effective January 1, 2023, the Company adopted the provisions of ASC 326 using the modified retrospective method. The Company maintains an ACL on all loans that reflects management’s estimate of expected credit losses for the full life of the loan portfolio. The following table summarizes the activity in the ACL by category for the six months ended June 30, 2024: (in thousands) Beginning Balance December 31, 2023 Provision for Credit Losses Charge-offs Recoveries Ending Balance June 30, 2024 Real estate: Commercial real estate $ 9,118 $ (52) $ — $ — $ 9,066 One-to-four family residential 7,484 131 — 5 7,620 Construction and development 1,309 69 — — 1,378 Commercial and industrial 2,553 348 (211) 54 2,744 Tax-exempt 575 (45) — — 530 Consumer 297 149 (231) 74 289 Total allowance for credit losses $ 21,336 $ 600 $ (442) $ 133 $ 21,627 The following table summarizes the activity in the ACL by category for the six months ended June 30, 2023: (in thousands) Beginning Balance December 31, 2022 Impact of ASC 326 Adoption Provision for Credit Losses Charge-offs Recoveries Ending Balance June 30, 2023 Real estate: Commercial real estate $ 7,720 $ 876 $ (293) $ — $ — $ 8,303 One-to-four family residential 5,682 1,231 91 — 5 7,009 Construction and development 1,654 (444) 184 (9) — 1,385 Commercial and industrial 4,350 (822) (18) (33) 23 3,500 Tax-exempt 751 (427) 264 — — 588 Consumer 471 (136) 72 (182) 75 300 Total allowance for credit losses $ 20,628 $ 278 $ 300 $ (224) $ 103 $ 21,085 Nonaccrual and Past Due Loans The following table presents nonaccrual loans as of June 30, 2024: (in thousands) Nonaccrual with No ACL Nonaccrual with ACL Total Nonaccrual Real estate: Commercial real estate $ — $ 737 $ 737 One-to-four family residential — 700 700 Construction and development — 920 920 Commercial and industrial 553 164 717 Tax-exempt — — — Consumer — 94 94 Total loans HFI $ 553 $ 2,615 $ 3,168 The following table presents nonaccrual loans as of December 31, 2023: (in thousands) Nonaccrual with No ACL Nonaccrual with ACL Total Nonaccrual Real estate: Commercial real estate $ — $ 714 $ 714 One-to-four family residential — 269 269 Construction and development — — — Commercial and industrial 709 135 844 Tax-exempt — — — Consumer — 132 132 Total loans HFI $ 709 $ 1,250 $ 1,959 No material interest income was recognized in the consolidated statements of income on nonaccrual loans for the six months ended June 30, 2024 and 2023. The following table presents the aging analysis of the past due loans and loans 90 days or more past due and still accruing interest by loan category as of June 30, 2024: Past Due (in thousands) 30-59 Days 60-89 Days 90 Days or More Current Total Loans HFI 90 Days or More Past Due and Accruing Real estate: Commercial real estate $ 32 $ — $ 705 $ 864,908 $ 865,645 $ — One-to-four family residential 124 378 577 610,825 611,904 39 Construction and development — — 918 128,279 129,197 — Commercial and industrial 315 — 685 343,071 344,071 2 Tax-exempt — — — 67,941 67,941 — Consumer 11 7 13 29,101 29,132 — Total loans HFI $ 482 $ 385 $ 2,898 $ 2,044,125 $ 2,047,890 $ 41 The following table presents the aging analysis of the past due loans and loans 90 days or more past due and still accruing interest by loan category as of December 31, 2023: Past Due (in thousands) 30-59 Days 60-89 Days 90 Days or More Current Total Loans HFI 90 Days or More Past Due and Accruing Real estate: Commercial real estate $ 36 $ — $ 678 $ 850,868 $ 851,582 $ — One-to-four family residential 392 251 409 598,435 599,487 260 Construction and development — — 265 124,973 125,238 265 Commercial and industrial 132 60 847 314,288 315,327 45 Tax-exempt — — — 72,913 72,913 — Consumer 27 16 46 28,222 28,311 4 Total loans HFI $ 587 $ 327 $ 2,245 $ 1,989,699 $ 1,992,858 $ 574 Loan Modifications Modifications are made to a borrower experiencing financial difficulty, and the modified terms are in the form of principal forgiveness, interest rate reduction, other-than-insignificant payment delay, or a term extension in the current reporting period. The amortized cost basis of loans that were modified to borrowers experiencing financial difficulty during the six months ended June 30, 2024, is as follows: (dollars in thousands) Term Extension Percent of Loan Category Financial Effect Real estate: Commercial real estate $ — — % One-to-four family residential $ 485 0.1 % Amortization period was extended by a weighted-average of 4.79 years Construction and development $ — — % Commercial and industrial $ — — % Tax-exempt $ — — % Consumer $ — — % Total loans modified $ 485 0.1 % No loan modifications were made to borrowers experiencing financial difficulty during the six months ended June 30, 2023. Credit Quality Indicators Loans are categorized based on the degree of risk inherent in the credit and the ability of the borrower to service the debt. A description of the general characteristics of the Bank’s risk rating grades follows: Pass - These loans are of satisfactory quality and do not require a more severe classification. Special mention - This category includes loans with potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan. However, the loss potential does not warrant substandard classification. Substandard - Loans in this category have well-defined weaknesses that jeopardize normal repayment of principal and interest. Prompt corrective action is required to reduce exposure and to assure adequate remedial actions are taken by the borrower. If these weaknesses do not improve, loss is possible. Doubtful - Loans in this category have well-defined weaknesses that make full collection improbable. Loss - Loans classified in this category are considered uncollectible and charged-off to the ACL. As of June 30, 2024, the Company had no loans classified as doubtful or loss. The following table summarizes loans by risk rating and year of origination as of June 30, 2024, and gross charge-offs for the six months ended June 30, 2024: Year of Origination (in thousands) 2024 2023 2022 2021 2020 Prior Years Revolving Lines Total Real estate: Commercial real estate Pass $ 61,911 $ 121,276 $ 247,987 $ 231,137 $ 72,736 $ 104,277 $ 20,783 $ 860,107 Special Mention — — — — — 3,182 — 3,182 Substandard — 183 756 680 — 737 — 2,356 Total $ 61,911 $ 121,459 $ 248,743 $ 231,817 $ 72,736 $ 108,196 $ 20,783 $ 865,645 One-to-four family residential Pass $ 52,186 $ 113,509 $ 126,497 $ 120,471 $ 84,617 $ 94,952 $ 17,082 $ 609,314 Special Mention 136 — — — — 257 — 393 Substandard — — 368 43 35 941 810 2,197 Total $ 52,322 $ 113,509 $ 126,865 $ 120,514 $ 84,652 $ 96,150 $ 17,892 $ 611,904 Construction and development Pass $ 30,381 $ 62,017 $ 27,265 $ 4,411 $ 1,015 $ 1,978 $ 954 $ 128,021 Special Mention — 918 — — — — — 918 Substandard — — — — — 258 — 258 Total $ 30,381 $ 62,935 $ 27,265 $ 4,411 $ 1,015 $ 2,236 $ 954 $ 129,197 Commercial and industrial Pass $ 48,828 $ 63,218 $ 37,570 $ 47,195 $ 10,767 $ 6,206 $ 128,585 $ 342,369 Special Mention — 26 891 — — — — 917 Substandard — 3 — 44 2 93 643 785 Total $ 48,828 $ 63,247 $ 38,461 $ 47,239 $ 10,769 $ 6,299 $ 129,228 $ 344,071 Tax-exempt Pass $ 2,116 $ 1,031 $ 14,977 $ 6,634 $ 13,229 $ 29,954 $ — $ 67,941 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 2,116 $ 1,031 $ 14,977 $ 6,634 $ 13,229 $ 29,954 $ — $ 67,941 Consumer Pass $ 10,583 $ 10,253 $ 4,477 $ 1,805 $ 548 $ 282 $ 1,082 $ 29,030 Special Mention — — — — — — — — Substandard — — — — — 95 7 102 Total $ 10,583 $ 10,253 $ 4,477 $ 1,805 $ 548 $ 377 $ 1,089 $ 29,132 Total loans HFI $ 206,141 $ 372,434 $ 460,788 $ 412,420 $ 182,949 $ 243,212 $ 169,946 $ 2,047,890 Gross charge-offs $ 1 $ 25 $ 24 $ — $ — $ 153 $ 239 $ 442 As of December 31, 2023, the Company had no loans classified as doubtful or loss. The following table summarizes loans by risk rating and year of origination as of December 31, 2023, and gross charge-offs for the year ended December 31, 2023: Year of Origination (in thousands) 2023 2022 2021 2020 2019 Prior Years Revolving Lines Total Real estate: Commercial real estate Pass $ 124,134 $ 256,707 $ 239,364 $ 76,754 $ 63,475 $ 61,957 $ 18,467 $ 840,858 Special Mention 73 — 3,186 — 1,031 4,082 — 8,372 Substandard 184 779 675 — — 714 — 2,352 Total $ 124,391 $ 257,486 $ 243,225 $ 76,754 $ 64,506 $ 66,753 $ 18,467 $ 851,582 One-to-four family residential Pass $ 122,004 $ 134,583 $ 129,388 $ 90,190 $ 31,110 $ 74,077 $ 16,472 $ 597,824 Special Mention — — — — — 261 — 261 Substandard — 79 — 37 385 827 74 1,402 Total $ 122,004 $ 134,662 $ 129,388 $ 90,227 $ 31,495 $ 75,165 $ 16,546 $ 599,487 Construction and development Pass $ 54,189 $ 55,515 $ 10,333 $ 1,742 $ 2,158 $ 1,015 $ 286 $ 125,238 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 54,189 $ 55,515 $ 10,333 $ 1,742 $ 2,158 $ 1,015 $ 286 $ 125,238 Commercial and industrial Pass $ 73,653 $ 49,637 $ 51,012 $ 13,863 $ 7,409 $ 813 $ 107,171 $ 303,558 Special Mention 1,208 937 4,659 — 310 509 3,173 10,796 Substandard 4 — 59 5 54 51 800 973 Total $ 74,865 $ 50,574 $ 55,730 $ 13,868 $ 7,773 $ 1,373 $ 111,144 $ 315,327 Tax-exempt Pass $ 959 $ 15,679 $ 8,174 $ 13,919 $ 4,250 $ 29,932 $ — $ 72,913 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 959 $ 15,679 $ 8,174 $ 13,919 $ 4,250 $ 29,932 $ — $ 72,913 Consumer Pass $ 16,947 $ 6,385 $ 2,325 $ 858 $ 363 $ 133 $ 1,173 $ 28,184 Special Mention — — — — — — — — Substandard — 29 — — — 90 8 127 Total $ 16,947 $ 6,414 $ 2,325 $ 858 $ 363 $ 223 $ 1,181 $ 28,311 Total loans HFI $ 393,355 $ 520,330 $ 449,175 $ 197,368 $ 110,545 $ 174,461 $ 147,624 $ 1,992,858 Gross charge-offs $ 12 $ 20 $ 1 $ — $ 10 $ 25 $ 405 $ 473 Commitments to Extend Credit Commitments to extend credit are agreements to lend to a customer if all conditions of the commitment have been met. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if it is deemed necessary by the Company upon extension of credit, is based on management’s evaluation of the customer’s ability to repay. As of June 30, 2024 and December 31, 2023, unfunded loan commitments totaled approximately $407.3 million and $372.0 million, respectively. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. As of June 30, 2024 and December 31, 2023, commitments under standby letters of credit totaled approximately $12.4 million and $15.4 million, respectively. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Effective January 1, 2023, the Company adopted the provision of ASC 326

Deposits

Deposits	6 Months Ended
	Jun. 30, 2024
Deposits [Abstract]
Deposits	Deposits Deposits were $2.72 billion and $2.80 billion as of June 30, 2024 and December 31, 2023, respectively. The $85.2 million decrease was primarily a result of the seasonal outflow of funds from public entity customers and income tax payments, partially offset by an increase in new customer time deposit activity. Deposits are summarized below: (in thousands) June 30, 2024 December 31, 2023 Noninterest-bearing demand deposits $ 892,942 $ 916,456 Interest-bearing deposits: Interest-bearing demand deposits 135,543 138,380 NOW accounts 377,385 468,483 Money market accounts 547,715 541,607 Savings accounts 170,050 173,741 Time deposits less than or equal to $250,000 399,981 392,094 Time deposits greater than $250,000 193,030 171,127 Total interest-bearing deposits 1,823,704 $ 1,885,432 Total deposits $ 2,716,646 $ 2,801,888 Collateral for Deposits As of June 30, 2024 and December 31, 2023, securities and FHLB letters of credit with values of approximately $210.7 million and $287.4 million, respectively, were pledged as collateral to secure public entity deposits.

Other Borrowed Funds

Other Borrowed Funds	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Other Borrowed Funds	Other Borrowed FundsThe Company has established borrowing capacity with the FHLB, the Federal Reserve Bank’s Discount Window facility, and other correspondent banks to provide additional sources of operating funds. As of June 30, 2024 and December 31, 2023, the Company had no outstanding borrowings under these agreements.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company and the Bank are involved, from time to time, in various legal matters arising in the ordinary course of business. While the outcome of these claims or litigation cannot be determined at this time, in the opinion of management, neither the Company nor the Bank are involved in such legal proceedings that the resolution is expected to have a material adverse effect on the consolidated results of operations, financial condition, or cash flows.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value	Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair Value Disclosure Securities AFS, loans HFS, and equity securities are recorded at fair value on a recurring basis. Additionally, the Company may be required to record at fair value other assets on a nonrecurring basis, such as collateral dependent loans, foreclosed assets, and other certain assets. The nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. ASC 820, Fair Value Measurements and Disclosures indicates that assets and liabilities are recorded at fair value according to a fair value hierarchy comprised of three levels: • Level 1 pricing represents quotes on the exact financial instrument that is traded in active markets. Quoted prices on actively traded equities, for example, are in this category. • Level 2 pricing is derived from observable data including market spreads, current and projected rates, prepayment data, and credit quality. The valuation may be based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. • Level 3 pricing is derived without the use of observable data. In such cases, mark-to-model strategies are typically employed. Often, these types of instruments have no active market, possess unique characteristics, and are thinly traded. The Company used the following methods and significant assumptions to estimate fair value: Securities AFS and Equity Securities: The fair values for securities AFS are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). Loans HFS: Residential mortgage loans originated and held for sale are carried at the lower of cost or estimated fair value on an individual basis. The fair values of mortgage loans HFS are based on commitments on hand from investors within the secondary market for loans with similar characteristics. As such, the fair value adjustments for mortgage loans HFS are recurring Level 2. Loans HFI: The Company does not record loans HFI at fair value on a recurring basis. Loans for which it was probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are evaluated individually to determine if any credit loss exists. For loans evaluated on an individual basis that are collateral dependent, the fair value is estimated by applying a discount factor to the collateral value then deducting the estimated cost to sell. For loans evaluated on an individual basis that are not collateral dependent, the discounted cash flow method is utilized to determine the fair value. When a loan experiences a credit loss with specific allocated losses determined by the fair value method, the Company considers the collateral dependent loan as nonrecurring Level 3. Foreclosed Assets: Foreclosed assets, consisting of properties obtained through foreclosure or in satisfaction of loans, are reported at fair value, determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources, adjusted for estimated selling costs (Level 2). However, foreclosed assets are considered Level 3 in the fair value hierarchy because management has qualitatively applied a discount due to the size, supply of inventory, and the incremental discounts applied to the appraisals. Management also considers other factors, including changes in absorption rates, length of time the property has been on the market, and anticipated sales values, which have resulted in adjustments to the collateral value estimates indicated in certain appraisals. Fair Value of Assets Measured on a Recurring Basis The table below presents the recorded amount of assets measured at fair value on a recurring basis: (in thousands) Fair Value Level 1 Level 2 Level 3 June 30, 2024 Loans HFS $ 3,878 $ — $ 3,059 $ — Securities AFS: Mortgage-backed securities $ 259,237 $ — $ 259,237 $ — Municipal bonds $ 172,444 $ — $ 172,444 $ — U.S. Treasury securities $ 47,281 $ — $ 47,281 $ — U.S. agency securities $ 47,928 $ — $ 47,928 $ — Equity securities $ 2,921 $ 2,921 $ — $ — December 31, 2023 Loans HFS $ 1,306 $ — $ 1,306 $ — Securities AFS: Mortgage-backed securities $ 257,960 $ — $ 257,960 $ — Municipal bonds $ 184,129 $ — $ 184,129 $ — U.S. Treasury securities $ 90,142 $ — $ 90,142 $ — U.S. agency securities $ 37,861 $ — $ 37,861 $ — Equity securities $ 2,965 $ 2,965 $ — $ — There were no transfers between Level 1, 2, or 3 during the six months ended June 30, 2024 or the year ended December 31, 2023. Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis Financial Assets and Financial Liabilities: Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis and are subject to fair value adjustments in certain circumstances. Financial assets measured at fair value on a nonrecurring basis include certain individually evaluated collateral dependent loans reported at fair value of the underlying collateral if repayment is expected solely from the collateral. Prior to foreclosure of these loans, fair value of the collateral is estimated using Level 3 inputs based on customized discounting criteria. The table below presents certain individually evaluated collateral dependent loans that were remeasured and reported at fair value through the ACL based upon the fair value of the underlying collateral as of the dates indicated: (in thousands) June 30, 2024 December 31, 2023 Carrying value before allowance $ 1,128 $ 633 Specific allowance (123) (100) Fair value $ 1,005 $ 533 The Company had no financial liabilities measured at fair value on a nonrecurring basis as of June 30, 2024 and December 31, 2023. Nonfinancial Assets and Liabilities: Certain nonfinancial assets and nonfinancial liabilities are measured at fair value on a nonrecurring basis. These include certain foreclosed assets, which are remeasured and reported at fair value through a charge-off to the ACL upon initial recognition as a foreclosed asset. Subsequent to their initial recognition, certain foreclosed assets are remeasured at fair value through an adjustment included in other noninterest income. The fair value of foreclosed assets is estimated using Level 3 inputs based on customized discounting criteria less estimated selling costs. The following table presents foreclosed assets that were remeasured and reported at fair value as of the dates indicated: (in thousands) June 30, 2024 December 31, 2023 Foreclosed assets remeasured at initial recognition: Carrying value of foreclosed assets prior to remeasurement $ — $ 69 Charge-offs — — Fair value of foreclosed assets $ — $ 69 There were no foreclosed assets that were remeasured subsequent to initial recognition as of June 30, 2024 and December 31, 2023. The Company had no nonfinancial liabilities measured at fair value on a nonrecurring basis as of June 30, 2024 and December 31, 2023. The unobservable inputs used for the Level 3 fair value measurements on a nonrecurring basis were as follows: (dollars in thousands) Fair Value Valuation Technique Unobservable Input Discount Ranges Weighted Average Discount June 30, 2024 Collateral dependent loans $ 2,345 Discounted appraisals Collateral discounts and costs to sell 0% - 100% 18.63% Foreclosed assets $ — Discounted appraisals Collateral discounts and costs to sell N/A N/A December 31, 2023 Collateral dependent loans $ 1,754 Discounted appraisals Collateral discounts and costs to sell 0% - 100% 24.05% Foreclosed assets $ 69 Discounted appraisals Collateral discounts and costs to sell N/A N/A Fair Value of Financial Instruments The carrying amounts and estimated fair values of financial instruments as of June 30, 2024 and December 31, 2023, were as follows: (in thousands) Carrying Fair Value Level 1 Level 2 Level 3 June 30, 2024 Financial assets: Cash and due from banks $ 35,035 $ 35,035 $ 35,035 $ — $ — Interest-bearing deposits in other banks $ 178,038 $ 178,038 $ 178,038 $ — $ — Securities AFS $ 526,890 $ 526,890 $ — $ 526,890 $ — Securities HTM $ 136,824 $ 113,975 $ — $ 113,975 $ — Equity securities $ 2,921 $ 2,921 $ 2,921 $ — $ — Nonmarketable equity securities $ 2,283 $ 2,283 $ — $ 2,283 $ — Loans HFS $ 3,878 $ 3,878 $ — $ 3,878 $ — Loans HFI, net of allowance $ 2,026,263 $ 1,881,756 $ — $ — $ 1,881,756 Accrued interest receivable $ 9,570 $ 9,570 $ — $ — $ 9,570 Financial liabilities: Deposits $ 2,716,646 $ 2,710,924 $ — $ 2,710,924 $ — Accrued interest payable $ 8,747 $ 8,747 $ — $ 8,747 $ — December 31, 2023 Financial assets: Cash and due from banks $ 53,062 $ 53,062 $ 53,062 $ — $ — Interest-bearing deposits in other banks $ 252,364 $ 252,364 $ 252,364 $ — $ — Securities AFS $ 570,092 $ 570,092 $ — $ 570,092 $ — Securities HTM $ 141,236 $ 119,029 $ — $ 119,029 $ — Equity securities $ 2,965 $ 2,965 $ 2,965 $ — $ — Nonmarketable equity securities $ 2,239 $ 2,239 $ — $ 2,239 $ — Loans HFS $ 1,306 $ 1,306 $ — $ 1,306 $ — Loans HFI, net of allowance $ 1,971,522 $ 1,820,573 $ — $ — $ 1,820,573 Accrued interest receivable $ 9,945 $ 9,945 $ — $ — $ 9,945 Financial liabilities: Deposits $ 2,801,888 $ 2,796,303 $ — $ 2,796,303 $ — Accrued interest payable $ 8,000 $ 8,000 $ — $ 8,000 $ —

Regulatory Capital Requirements

Regulatory Capital Requirements	6 Months Ended
	Jun. 30, 2024
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Regulatory Capital Requirements	Regulatory Capital Requirements The Company and the Bank are subject to various regulatory capital requirements administered by 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 Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Basel III Capital Requirements The Company and the Bank are subject to Basel III capital guidelines. Basel III requires the Company and the Bank to maintain certain minimum ratios to meet capital adequacy requirements. It is management’s belief that, as of June 30, 2024, both the Company and the Bank met all capital adequacy requirements under Basel III. Management expects that the capital ratios for the Company and the Bank under Basel III will continue to exceed capital adequacy requirements. Management believes that, as of June 30, 2024, the Bank is well-capitalized under the regulatory framework for prompt corrective action. Bank holding companies that qualify as “small bank holding companies” under the Policy Statement are exempt from the Federal Reserve’s consolidated capital adequacy ratios at the holding company level and instead are evaluated at the bank level. In May 2018, the Economic Growth Act was enacted. One of the Economic Growth Act’s highlights, with implications for us, was the asset threshold under the Policy Statement being increased from $1.0 billion to $3.0 billion, which benefits bank holding companies by, among various other items, allowing for an 18-month safety and soundness examination cycle as opposed to a 12-month examination cycle, changing to scaled biannual regulatory reporting requirements as opposed to quarterly regulatory reporting requirements, and not subjecting bank holding companies to capital adequacy guidelines on a consolidated basis. Effective January 1, 2023, the Company no longer receives any benefits under the Policy Statement and became subject to consolidated capital requirements. As of the June 30, 2024 measurement date, the Company had more than $3.0 billion in assets and remains subject to consolidated capital requirements. Capital amounts and ratios for the Company as of June 30, 2024 and December 31, 2023, are presented in the following table (Basel III Minimum includes the capital conservation buffer): Actual Basel III Minimum (dollars in thousands) Amount Ratio Amount Ratio June 30, 2024 Total Risk-Based Capital $ 389,245 18.01 % $ 226,894 10.50 % Tier I Risk-Based Capital $ 367,176 16.99 % $ 183,676 8.50 % Common Equity Tier I Capital $ 367,176 16.99 % $ 151,263 7.00 % Tier I Leverage Capital $ 367,176 11.74 % $ 125,098 4.00 % December 31, 2023 Total Risk-Based Capital $ 384,577 18.28 % $ 220,905 10.50 % Tier I Risk-Based Capital $ 362,799 17.24 % $ 178,828 8.50 % Common Equity Tier I Capital $ 362,799 17.24 % $ 147,270 7.00 % Tier I Leverage Capital $ 362,799 11.56 % $ 125,575 4.00 % Capital amounts and ratios for the Bank as of June 30, 2024 and December 31, 2023, are presented in the following table (Basel III Minimum includes the capital conservation buffer): Regulatory Requirements Actual Basel III Minimum Well-Capitalized (1) (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2024 Total Risk-Based Capital $ 381,452 17.66 % $ 226,818 10.50 % $ 216,017 10.00 % Tier I Risk-Based Capital $ 359,383 16.64 % $ 183,615 8.50 % $ 172,814 8.00 % Common Equity Tier I Capital $ 359,383 16.64 % $ 151,212 7.00 % $ 140,411 6.50 % Tier I Leverage Capital $ 359,383 11.49 % $ 125,062 4.00 % $ 156,328 5.00 % December 31, 2023 Total Risk-Based Capital $ 378,582 18.00 % $ 220,850 10.50 % $ 210,333 10.00 % Tier I Risk-Based Capital $ 356,804 16.96 % $ 178,783 8.50 % $ 168,266 8.00 % Common Equity Tier I Capital $ 356,804 16.96 % $ 147,233 7.00 % $ 136,716 6.50 % Tier I Leverage Capital $ 356,804 11.37 % $ 125,538 4.00 % $ 156,923 5.00 % (1) This column refers to the prompt corrective action requirements applicable to banks. Community Bank Leverage Ratio Framework As part of the directive under the Economic Growth Act, in September 2019, the FDIC and other federal bank regulatory agencies approved the CBLR framework. This optional framework became effective January 1, 2020, and is available to the Company and the Bank as an alternative to the Basel III risk-based capital framework. The CBLR framework provides for a simple measure of capital adequacy for certain community banking organizations. Specifically, depository institutions and depository institution holding companies that have less than $10.0 billion in total consolidated assets and meet other qualifying criteria, including a Tier 1 leverage ratio of greater than 9.00%, are considered qualifying community banking organizations eligible to opt into the CBLR framework and replace the applicable Basel III risk-based capital requirements. As of June 30, 2024, the Company and the Bank qualify for the CBLR framework. Management does not intend to utilize the CBLR framework.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share Basic EPS is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits. Diluted EPS includes accrued but unissued shares relating to the Director Compensation Program, stock options, and restricted stock determined using the treasury stock method. The dilutive EPS calculation assumes all outstanding stock options to purchase common stock have been exercised at the beginning of the year, and the pro forma proceeds from the exercised options and restricted stock are used to purchase common stock at the average fair market valuation price. The computations of basic and diluted earnings per common share for the Company were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands, except share amounts) 2024 2023 2024 2023 Numerator: Net income - basic $ 7,987 $ 8,968 $ 16,175 $ 18,566 Net income - diluted $ 7,987 $ 8,968 $ 16,175 $ 18,566 Denominator: Weighted - average shares outstanding - basic 6,896,030 7,177,621 6,973,039 7,180,187 Plus: Effect of Director Compensation Program 406 238 875 450 Plus: Effect of restricted stock 17,704 16,775 17,704 16,775 Weighted - average shares outstanding - diluted 6,914,140 7,194,634 6,991,618 7,197,412 Earnings per common share: Basic $ 1.16 $ 1.25 $ 2.32 $ 2.59 Diluted $ 1.16 $ 1.25 $ 2.31 $ 2.58

Equity

Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Equity	Equity Stock Repurchases On December 14, 2023, the Company’s board of directors approved the renewal of its 2023 stock repurchase program that was completed in the fourth quarter of 2023 after reaching its purchase limit. The renewed program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2024 through December 31, 2024. Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions. For the six months ended June 30, 2024, the Company repurchased 16,220 shares of its common stock at an aggregate cost of $764,000 under the stock repurchase program. As of June 30, 2024, the Company had $4.2 million available for repurchasing its common stock under this program. On March 13, 2024, the Company entered into a privately negotiated stock repurchase agreement for the purchase of 200,000 shares of the Company’s common stock for a total purchase price of $10.0 million. The repurchase was supplemental to the Company’s $5.0 million stock repurchase program and did not impact the amount of permitted repurchases thereunder. AOCI - Transfer of Unrealized Gain (Loss) of Securities AFS and HTM During the second quarter of 2022, the Company reclassified $166.3 million, net of $17.9 million of unrealized loss, from AFS to HTM. The securities were transferred at fair value, which became the cost basis for the securities HTM. At the date of the transfer, the net unrealized loss of $17.9 million, of which $14.2 million, net of tax, was included in AOCI and is being amortized over the remaining life of the securities as a yield adjustment in a manner consistent with the amortization or accretion of the original purchase premium or discount on the associated security. There were no gains or losses recognized as a result of the transfer. As of June 30, 2024, the net unamortized, unrealized loss remaining on the transferred securities included in the consolidated balance sheets totaled $13.7 million, of which $10.9 million, net of tax, was included in AOCI.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 8, 2024, the Company entered into a privately negotiated stock repurchase agreement for the purchase of 60,000 shares of the Company’s common stock, no par value per share, for a total purchase price of approximately $3.0 million. In connection with the repurchase, the Company reduced the availability under its 2024 stock repurchase program by $3.0 million. After this transaction, the Company will have approximately $1.2 million available for repurchasing its common stock under the 2024 stock repurchase program.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Reclassification	Certain prior period amounts have been reclassified to conform to the current period presentation. These changes in presentation did not have a material impact on the Company’s financial condition or results of operations.
Critical Accounting Policies and Estimates	Critical Accounting Policies and Estimates
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The guidance issued in this update requires improvement to the disclosures about a public entity’s reportable segments and more detailed information about a reportable segment’s expenses and other segment items. Even though the Company has a single reportable segment, all the disclosures required by this update are required. Under this guidance, public entities are required to disclose segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures about a reportable segment that are currently required annually. The goal of these disclosures is to enable investors to develop more decision-useful financial analyses. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments in this update should be applied retrospectively to all previous periods presented. The Company does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The guidance in this update provides enhanced transparency and decision usefulness of income tax disclosures. The amendment addresses investor requests for income tax information through improvements to income tax disclosures related to the rate reconciliation and income taxes paid information. The guidance requires public business entities to disclose in their rate reconciliation table additional categories of information about federal, state, and foreign income taxes and to provide more details about the reconciling items in some categories if the items meet a quantitative threshold. The guidance also requires all entities to disclose annually income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes and to disaggregate the information by jurisdiction based on a quantitative threshold. Investors anticipate theses disclosures will provide an understanding of an entity’s exposures to changes in tax legislation and allow investors to better assess income tax information that affects cash flow forecasts and capital allocation decisions, as well as identify opportunities to increase future cash flows. The standard is effective for annual periods beginning after December 15, 2024, and interim periods within those annual periods. Early adoption is permitted. The amendments should be applied on a prospective basis, but retrospective application is permitted. The Company does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements. ASU No. 2024-01, Compensation - Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards. The guidance issued in this update was designed to improve GAAP by adding an illustrative example that clarifies when the scope guidance of Topic 718 should be applied, since diversity in practice exists. This ASU does not change existing guidance. The standard is effective for annual periods beginning after December 15, 2024, and interim periods within those annual periods. Early adoption is permitted. The amendments in this update should be applied retrospectively to all prior periods presented or prospectively. The Company does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. ASU No. 2024-02, Codification Improvements - Amendments to Remove References to the Concept Statements. The guidance issued in this update amends the codification to remove references to various Financial Accounting Standards Board Concept Statements. The codification will be updated to clarify or correct unintended application of guidance that is not expected to have any significant effect on current accounting practice or cost to most entities. The standard is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities Available for Sale	The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables: June 30, 2024 (in thousands) Amortized Gross Gross Fair Securities AFS: Mortgage-backed securities $ 288,908 $ 311 $ (29,982) $ 259,237 Municipal bonds 204,724 — (32,280) 172,444 U.S. Treasury securities 48,000 — (719) 47,281 U.S. agency securities 49,659 18 (1,749) 47,928 Total Securities AFS $ 591,291 $ 329 $ (64,730) $ 526,890 Securities HTM: Mortgage-backed securities $ 135,897 $ — $ (22,742) $ 113,155 U.S. agency securities 927 — (107) 820 Total Securities HTM $ 136,824 $ — $ (22,849) $ 113,975 December 31, 2023 (in thousands) Amortized Gross Gross Fair Securities AFS: Mortgage-backed securities $ 288,793 $ 395 $ (31,228) $ 257,960 Municipal bonds 211,848 13 (27,732) 184,129 U.S. Treasury securities 92,054 — (1,912) 90,142 U.S. agency securities 39,563 5 (1,707) 37,861 Total Securities AFS $ 632,258 $ 413 $ (62,579) $ 570,092 Securities HTM: Mortgage-backed securities $ 140,314 $ — $ (22,098) $ 118,216 U.S. agency securities 922 — (109) 813 Total Securities HTM $ 141,236 $ — $ (22,207) $ 119,029
Schedule of Debt Securities Held-to-Maturity	The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables: June 30, 2024 (in thousands) Amortized Gross Gross Fair Securities AFS: Mortgage-backed securities $ 288,908 $ 311 $ (29,982) $ 259,237 Municipal bonds 204,724 — (32,280) 172,444 U.S. Treasury securities 48,000 — (719) 47,281 U.S. agency securities 49,659 18 (1,749) 47,928 Total Securities AFS $ 591,291 $ 329 $ (64,730) $ 526,890 Securities HTM: Mortgage-backed securities $ 135,897 $ — $ (22,742) $ 113,155 U.S. agency securities 927 — (107) 820 Total Securities HTM $ 136,824 $ — $ (22,849) $ 113,975 December 31, 2023 (in thousands) Amortized Gross Gross Fair Securities AFS: Mortgage-backed securities $ 288,793 $ 395 $ (31,228) $ 257,960 Municipal bonds 211,848 13 (27,732) 184,129 U.S. Treasury securities 92,054 — (1,912) 90,142 U.S. agency securities 39,563 5 (1,707) 37,861 Total Securities AFS $ 632,258 $ 413 $ (62,579) $ 570,092 Securities HTM: Mortgage-backed securities $ 140,314 $ — $ (22,098) $ 118,216 U.S. agency securities 922 — (109) 813 Total Securities HTM $ 141,236 $ — $ (22,207) $ 119,029
Schedule of Maturities of Securities Available for Sale	The amortized cost and estimated fair value of securities AFS and securities HTM as of June 30, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to call or repay obligations with or without call or prepayment penalties. June 30, 2024 (in thousands) Amortized Fair Securities AFS: Within one year $ 56,343 $ 55,477 After one year but within five years 27,494 26,423 After five years but within ten years 115,518 107,295 After ten years 391,936 337,695 Total Securities AFS $ 591,291 $ 526,890 Securities HTM: Within one year $ — $ — After one year but within five years — — After five years but within ten years 927 820 After ten years 135,897 113,155 Total Securities HTM $ 136,824 $ 113,975
Schedule of Debt Securities Available for Sale in Unrealized Loss Position	Information pertaining to securities AFS with gross unrealized losses as of June 30, 2024 and December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows: June 30, 2024 Less than twelve months Twelve months or more (in thousands) Gross Fair Gross Fair Securities AFS: Mortgage-backed securities $ (133) $ 21,311 $ (29,849) $ 194,942 Municipal bonds (115) 2,990 (32,165) 169,454 U.S. Treasury securities — — (719) 47,281 U.S. agency securities (116) 26,096 (1,633) 13,574 Total Securities AFS $ (364) $ 50,397 $ (64,366) $ 425,251 December 31, 2023 Less than twelve months Twelve months or more (in thousands) Gross Fair Gross Fair Securities AFS: Mortgage-backed securities $ (35) $ 19,383 $ (31,193) $ 206,518 Municipal bonds (83) 4,815 (27,649) 176,098 U.S. Treasury securities — — (1,912) 90,142 U.S. agency securities (82) 19,301 (1,625) 14,475 Total Securities AFS $ (200) $ 43,499 $ (62,379) $ 487,233
Schedule of Debt Securities Held-to-Maturity in Unrealized Loss Position	Information pertaining to securities AFS with gross unrealized losses as of June 30, 2024 and December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows: June 30, 2024 Less than twelve months Twelve months or more (in thousands) Gross Fair Gross Fair Securities AFS: Mortgage-backed securities $ (133) $ 21,311 $ (29,849) $ 194,942 Municipal bonds (115) 2,990 (32,165) 169,454 U.S. Treasury securities — — (719) 47,281 U.S. agency securities (116) 26,096 (1,633) 13,574 Total Securities AFS $ (364) $ 50,397 $ (64,366) $ 425,251 December 31, 2023 Less than twelve months Twelve months or more (in thousands) Gross Fair Gross Fair Securities AFS: Mortgage-backed securities $ (35) $ 19,383 $ (31,193) $ 206,518 Municipal bonds (83) 4,815 (27,649) 176,098 U.S. Treasury securities — — (1,912) 90,142 U.S. agency securities (82) 19,301 (1,625) 14,475 Total Securities AFS $ (200) $ 43,499 $ (62,379) $ 487,233

Loans and Asset Quality (Tables

Loans and Asset Quality (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Loans Information	Loans HFI by category and loans HFS are summarized below: (in thousands) June 30, 2024 December 31, 2023 Real estate: Commercial real estate $ 865,645 $ 851,582 One-to-four family residential 611,904 599,487 Construction and development 129,197 125,238 Commercial and industrial 344,071 315,327 Tax-exempt 67,941 72,913 Consumer 29,132 28,311 Total loans HFI $ 2,047,890 $ 1,992,858 Total loans HFS $ 3,878 $ 1,306
Schedule of Allowance for Credit Losses	The following table summarizes the activity in the ACL by category for the six months ended June 30, 2024: (in thousands) Beginning Balance December 31, 2023 Provision for Credit Losses Charge-offs Recoveries Ending Balance June 30, 2024 Real estate: Commercial real estate $ 9,118 $ (52) $ — $ — $ 9,066 One-to-four family residential 7,484 131 — 5 7,620 Construction and development 1,309 69 — — 1,378 Commercial and industrial 2,553 348 (211) 54 2,744 Tax-exempt 575 (45) — — 530 Consumer 297 149 (231) 74 289 Total allowance for credit losses $ 21,336 $ 600 $ (442) $ 133 $ 21,627 The following table summarizes the activity in the ACL by category for the six months ended June 30, 2023: (in thousands) Beginning Balance December 31, 2022 Impact of ASC 326 Adoption Provision for Credit Losses Charge-offs Recoveries Ending Balance June 30, 2023 Real estate: Commercial real estate $ 7,720 $ 876 $ (293) $ — $ — $ 8,303 One-to-four family residential 5,682 1,231 91 — 5 7,009 Construction and development 1,654 (444) 184 (9) — 1,385 Commercial and industrial 4,350 (822) (18) (33) 23 3,500 Tax-exempt 751 (427) 264 — — 588 Consumer 471 (136) 72 (182) 75 300 Total allowance for credit losses $ 20,628 $ 278 $ 300 $ (224) $ 103 $ 21,085
Schedule of Financing Receivable, Nonaccrual	The following table presents nonaccrual loans as of June 30, 2024: (in thousands) Nonaccrual with No ACL Nonaccrual with ACL Total Nonaccrual Real estate: Commercial real estate $ — $ 737 $ 737 One-to-four family residential — 700 700 Construction and development — 920 920 Commercial and industrial 553 164 717 Tax-exempt — — — Consumer — 94 94 Total loans HFI $ 553 $ 2,615 $ 3,168 The following table presents nonaccrual loans as of December 31, 2023: (in thousands) Nonaccrual with No ACL Nonaccrual with ACL Total Nonaccrual Real estate: Commercial real estate $ — $ 714 $ 714 One-to-four family residential — 269 269 Construction and development — — — Commercial and industrial 709 135 844 Tax-exempt — — — Consumer — 132 132 Total loans HFI $ 709 $ 1,250 $ 1,959
Schedule of Financing Receivable Past Due	The following table presents the aging analysis of the past due loans and loans 90 days or more past due and still accruing interest by loan category as of June 30, 2024: Past Due (in thousands) 30-59 Days 60-89 Days 90 Days or More Current Total Loans HFI 90 Days or More Past Due and Accruing Real estate: Commercial real estate $ 32 $ — $ 705 $ 864,908 $ 865,645 $ — One-to-four family residential 124 378 577 610,825 611,904 39 Construction and development — — 918 128,279 129,197 — Commercial and industrial 315 — 685 343,071 344,071 2 Tax-exempt — — — 67,941 67,941 — Consumer 11 7 13 29,101 29,132 — Total loans HFI $ 482 $ 385 $ 2,898 $ 2,044,125 $ 2,047,890 $ 41 The following table presents the aging analysis of the past due loans and loans 90 days or more past due and still accruing interest by loan category as of December 31, 2023: Past Due (in thousands) 30-59 Days 60-89 Days 90 Days or More Current Total Loans HFI 90 Days or More Past Due and Accruing Real estate: Commercial real estate $ 36 $ — $ 678 $ 850,868 $ 851,582 $ — One-to-four family residential 392 251 409 598,435 599,487 260 Construction and development — — 265 124,973 125,238 265 Commercial and industrial 132 60 847 314,288 315,327 45 Tax-exempt — — — 72,913 72,913 — Consumer 27 16 46 28,222 28,311 4 Total loans HFI $ 587 $ 327 $ 2,245 $ 1,989,699 $ 1,992,858 $ 574
Schedule of Loan Modification and TDRs	he amortized cost basis of loans that were modified to borrowers experiencing financial difficulty during the six months ended June 30, 2024, is as follows: (dollars in thousands) Term Extension Percent of Loan Category Financial Effect Real estate: Commercial real estate $ — — % One-to-four family residential $ 485 0.1 % Amortization period was extended by a weighted-average of 4.79 years Construction and development $ — — % Commercial and industrial $ — — % Tax-exempt $ — — % Consumer $ — — % Total loans modified $ 485 0.1 %
Schedule of Financing Receivable by Credit Risk	The following table summarizes loans by risk rating and year of origination as of June 30, 2024, and gross charge-offs for the six months ended June 30, 2024: Year of Origination (in thousands) 2024 2023 2022 2021 2020 Prior Years Revolving Lines Total Real estate: Commercial real estate Pass $ 61,911 $ 121,276 $ 247,987 $ 231,137 $ 72,736 $ 104,277 $ 20,783 $ 860,107 Special Mention — — — — — 3,182 — 3,182 Substandard — 183 756 680 — 737 — 2,356 Total $ 61,911 $ 121,459 $ 248,743 $ 231,817 $ 72,736 $ 108,196 $ 20,783 $ 865,645 One-to-four family residential Pass $ 52,186 $ 113,509 $ 126,497 $ 120,471 $ 84,617 $ 94,952 $ 17,082 $ 609,314 Special Mention 136 — — — — 257 — 393 Substandard — — 368 43 35 941 810 2,197 Total $ 52,322 $ 113,509 $ 126,865 $ 120,514 $ 84,652 $ 96,150 $ 17,892 $ 611,904 Construction and development Pass $ 30,381 $ 62,017 $ 27,265 $ 4,411 $ 1,015 $ 1,978 $ 954 $ 128,021 Special Mention — 918 — — — — — 918 Substandard — — — — — 258 — 258 Total $ 30,381 $ 62,935 $ 27,265 $ 4,411 $ 1,015 $ 2,236 $ 954 $ 129,197 Commercial and industrial Pass $ 48,828 $ 63,218 $ 37,570 $ 47,195 $ 10,767 $ 6,206 $ 128,585 $ 342,369 Special Mention — 26 891 — — — — 917 Substandard — 3 — 44 2 93 643 785 Total $ 48,828 $ 63,247 $ 38,461 $ 47,239 $ 10,769 $ 6,299 $ 129,228 $ 344,071 Tax-exempt Pass $ 2,116 $ 1,031 $ 14,977 $ 6,634 $ 13,229 $ 29,954 $ — $ 67,941 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 2,116 $ 1,031 $ 14,977 $ 6,634 $ 13,229 $ 29,954 $ — $ 67,941 Consumer Pass $ 10,583 $ 10,253 $ 4,477 $ 1,805 $ 548 $ 282 $ 1,082 $ 29,030 Special Mention — — — — — — — — Substandard — — — — — 95 7 102 Total $ 10,583 $ 10,253 $ 4,477 $ 1,805 $ 548 $ 377 $ 1,089 $ 29,132 Total loans HFI $ 206,141 $ 372,434 $ 460,788 $ 412,420 $ 182,949 $ 243,212 $ 169,946 $ 2,047,890 Gross charge-offs $ 1 $ 25 $ 24 $ — $ — $ 153 $ 239 $ 442 As of December 31, 2023, the Company had no loans classified as doubtful or loss. The following table summarizes loans by risk rating and year of origination as of December 31, 2023, and gross charge-offs for the year ended December 31, 2023: Year of Origination (in thousands) 2023 2022 2021 2020 2019 Prior Years Revolving Lines Total Real estate: Commercial real estate Pass $ 124,134 $ 256,707 $ 239,364 $ 76,754 $ 63,475 $ 61,957 $ 18,467 $ 840,858 Special Mention 73 — 3,186 — 1,031 4,082 — 8,372 Substandard 184 779 675 — — 714 — 2,352 Total $ 124,391 $ 257,486 $ 243,225 $ 76,754 $ 64,506 $ 66,753 $ 18,467 $ 851,582 One-to-four family residential Pass $ 122,004 $ 134,583 $ 129,388 $ 90,190 $ 31,110 $ 74,077 $ 16,472 $ 597,824 Special Mention — — — — — 261 — 261 Substandard — 79 — 37 385 827 74 1,402 Total $ 122,004 $ 134,662 $ 129,388 $ 90,227 $ 31,495 $ 75,165 $ 16,546 $ 599,487 Construction and development Pass $ 54,189 $ 55,515 $ 10,333 $ 1,742 $ 2,158 $ 1,015 $ 286 $ 125,238 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 54,189 $ 55,515 $ 10,333 $ 1,742 $ 2,158 $ 1,015 $ 286 $ 125,238 Commercial and industrial Pass $ 73,653 $ 49,637 $ 51,012 $ 13,863 $ 7,409 $ 813 $ 107,171 $ 303,558 Special Mention 1,208 937 4,659 — 310 509 3,173 10,796 Substandard 4 — 59 5 54 51 800 973 Total $ 74,865 $ 50,574 $ 55,730 $ 13,868 $ 7,773 $ 1,373 $ 111,144 $ 315,327 Tax-exempt Pass $ 959 $ 15,679 $ 8,174 $ 13,919 $ 4,250 $ 29,932 $ — $ 72,913 Special Mention — — — — — — — — Substandard — — — — — — — — Total $ 959 $ 15,679 $ 8,174 $ 13,919 $ 4,250 $ 29,932 $ — $ 72,913 Consumer Pass $ 16,947 $ 6,385 $ 2,325 $ 858 $ 363 $ 133 $ 1,173 $ 28,184 Special Mention — — — — — — — — Substandard — 29 — — — 90 8 127 Total $ 16,947 $ 6,414 $ 2,325 $ 858 $ 363 $ 223 $ 1,181 $ 28,311 Total loans HFI $ 393,355 $ 520,330 $ 449,175 $ 197,368 $ 110,545 $ 174,461 $ 147,624 $ 1,992,858 Gross charge-offs $ 12 $ 20 $ 1 $ — $ 10 $ 25 $ 405 $ 473

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2024
Deposits [Abstract]
Schedule of Deposits	Deposits are summarized below: (in thousands) June 30, 2024 December 31, 2023 Noninterest-bearing demand deposits $ 892,942 $ 916,456 Interest-bearing deposits: Interest-bearing demand deposits 135,543 138,380 NOW accounts 377,385 468,483 Money market accounts 547,715 541,607 Savings accounts 170,050 173,741 Time deposits less than or equal to $250,000 399,981 392,094 Time deposits greater than $250,000 193,030 171,127 Total interest-bearing deposits 1,823,704 $ 1,885,432 Total deposits $ 2,716,646 $ 2,801,888

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets Measured on Recurring Basis	The table below presents the recorded amount of assets measured at fair value on a recurring basis: (in thousands) Fair Value Level 1 Level 2 Level 3 June 30, 2024 Loans HFS $ 3,878 $ — $ 3,059 $ — Securities AFS: Mortgage-backed securities $ 259,237 $ — $ 259,237 $ — Municipal bonds $ 172,444 $ — $ 172,444 $ — U.S. Treasury securities $ 47,281 $ — $ 47,281 $ — U.S. agency securities $ 47,928 $ — $ 47,928 $ — Equity securities $ 2,921 $ 2,921 $ — $ — December 31, 2023 Loans HFS $ 1,306 $ — $ 1,306 $ — Securities AFS: Mortgage-backed securities $ 257,960 $ — $ 257,960 $ — Municipal bonds $ 184,129 $ — $ 184,129 $ — U.S. Treasury securities $ 90,142 $ — $ 90,142 $ — U.S. agency securities $ 37,861 $ — $ 37,861 $ — Equity securities $ 2,965 $ 2,965 $ — $ —
Schedule of Fair Value of Assets Measured on Nonrecurring Basis	The table below presents certain individually evaluated collateral dependent loans that were remeasured and reported at fair value through the ACL based upon the fair value of the underlying collateral as of the dates indicated: (in thousands) June 30, 2024 December 31, 2023 Carrying value before allowance $ 1,128 $ 633 Specific allowance (123) (100) Fair value $ 1,005 $ 533 The following table presents foreclosed assets that were remeasured and reported at fair value as of the dates indicated: (in thousands) June 30, 2024 December 31, 2023 Foreclosed assets remeasured at initial recognition: Carrying value of foreclosed assets prior to remeasurement $ — $ 69 Charge-offs — — Fair value of foreclosed assets $ — $ 69
Schedule of Inputs Used for the Level 3 Fair Value Measurement	The unobservable inputs used for the Level 3 fair value measurements on a nonrecurring basis were as follows: (dollars in thousands) Fair Value Valuation Technique Unobservable Input Discount Ranges Weighted Average Discount June 30, 2024 Collateral dependent loans $ 2,345 Discounted appraisals Collateral discounts and costs to sell 0% - 100% 18.63% Foreclosed assets $ — Discounted appraisals Collateral discounts and costs to sell N/A N/A December 31, 2023 Collateral dependent loans $ 1,754 Discounted appraisals Collateral discounts and costs to sell 0% - 100% 24.05% Foreclosed assets $ 69 Discounted appraisals Collateral discounts and costs to sell N/A N/A
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments as of June 30, 2024 and December 31, 2023, were as follows: (in thousands) Carrying Fair Value Level 1 Level 2 Level 3 June 30, 2024 Financial assets: Cash and due from banks $ 35,035 $ 35,035 $ 35,035 $ — $ — Interest-bearing deposits in other banks $ 178,038 $ 178,038 $ 178,038 $ — $ — Securities AFS $ 526,890 $ 526,890 $ — $ 526,890 $ — Securities HTM $ 136,824 $ 113,975 $ — $ 113,975 $ — Equity securities $ 2,921 $ 2,921 $ 2,921 $ — $ — Nonmarketable equity securities $ 2,283 $ 2,283 $ — $ 2,283 $ — Loans HFS $ 3,878 $ 3,878 $ — $ 3,878 $ — Loans HFI, net of allowance $ 2,026,263 $ 1,881,756 $ — $ — $ 1,881,756 Accrued interest receivable $ 9,570 $ 9,570 $ — $ — $ 9,570 Financial liabilities: Deposits $ 2,716,646 $ 2,710,924 $ — $ 2,710,924 $ — Accrued interest payable $ 8,747 $ 8,747 $ — $ 8,747 $ — December 31, 2023 Financial assets: Cash and due from banks $ 53,062 $ 53,062 $ 53,062 $ — $ — Interest-bearing deposits in other banks $ 252,364 $ 252,364 $ 252,364 $ — $ — Securities AFS $ 570,092 $ 570,092 $ — $ 570,092 $ — Securities HTM $ 141,236 $ 119,029 $ — $ 119,029 $ — Equity securities $ 2,965 $ 2,965 $ 2,965 $ — $ — Nonmarketable equity securities $ 2,239 $ 2,239 $ — $ 2,239 $ — Loans HFS $ 1,306 $ 1,306 $ — $ 1,306 $ — Loans HFI, net of allowance $ 1,971,522 $ 1,820,573 $ — $ — $ 1,820,573 Accrued interest receivable $ 9,945 $ 9,945 $ — $ — $ 9,945 Financial liabilities: Deposits $ 2,801,888 $ 2,796,303 $ — $ 2,796,303 $ — Accrued interest payable $ 8,000 $ 8,000 $ — $ 8,000 $ —

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	6 Months Ended
	Jun. 30, 2024
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Schedule of Compliance With Regulatory Capital Requirements Under Banking Regulations	Capital amounts and ratios for the Company as of June 30, 2024 and December 31, 2023, are presented in the following table (Basel III Minimum includes the capital conservation buffer): Actual Basel III Minimum (dollars in thousands) Amount Ratio Amount Ratio June 30, 2024 Total Risk-Based Capital $ 389,245 18.01 % $ 226,894 10.50 % Tier I Risk-Based Capital $ 367,176 16.99 % $ 183,676 8.50 % Common Equity Tier I Capital $ 367,176 16.99 % $ 151,263 7.00 % Tier I Leverage Capital $ 367,176 11.74 % $ 125,098 4.00 % December 31, 2023 Total Risk-Based Capital $ 384,577 18.28 % $ 220,905 10.50 % Tier I Risk-Based Capital $ 362,799 17.24 % $ 178,828 8.50 % Common Equity Tier I Capital $ 362,799 17.24 % $ 147,270 7.00 % Tier I Leverage Capital $ 362,799 11.56 % $ 125,575 4.00 % Capital amounts and ratios for the Bank as of June 30, 2024 and December 31, 2023, are presented in the following table (Basel III Minimum includes the capital conservation buffer): Regulatory Requirements Actual Basel III Minimum Well-Capitalized (1) (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2024 Total Risk-Based Capital $ 381,452 17.66 % $ 226,818 10.50 % $ 216,017 10.00 % Tier I Risk-Based Capital $ 359,383 16.64 % $ 183,615 8.50 % $ 172,814 8.00 % Common Equity Tier I Capital $ 359,383 16.64 % $ 151,212 7.00 % $ 140,411 6.50 % Tier I Leverage Capital $ 359,383 11.49 % $ 125,062 4.00 % $ 156,328 5.00 % December 31, 2023 Total Risk-Based Capital $ 378,582 18.00 % $ 220,850 10.50 % $ 210,333 10.00 % Tier I Risk-Based Capital $ 356,804 16.96 % $ 178,783 8.50 % $ 168,266 8.00 % Common Equity Tier I Capital $ 356,804 16.96 % $ 147,233 7.00 % $ 136,716 6.50 % Tier I Leverage Capital $ 356,804 11.37 % $ 125,538 4.00 % $ 156,923 5.00 % (1) This column refers to the prompt corrective action requirements applicable to banks.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The computations of basic and diluted earnings per common share for the Company were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in thousands, except share amounts) 2024 2023 2024 2023 Numerator: Net income - basic $ 7,987 $ 8,968 $ 16,175 $ 18,566 Net income - diluted $ 7,987 $ 8,968 $ 16,175 $ 18,566 Denominator: Weighted - average shares outstanding - basic 6,896,030 7,177,621 6,973,039 7,180,187 Plus: Effect of Director Compensation Program 406 238 875 450 Plus: Effect of restricted stock 17,704 16,775 17,704 16,775 Weighted - average shares outstanding - diluted 6,914,140 7,194,634 6,991,618 7,197,412 Earnings per common share: Basic $ 1.16 $ 1.25 $ 2.32 $ 2.59 Diluted $ 1.16 $ 1.25 $ 2.31 $ 2.58

Securities - Narrative (Details

Securities - Narrative (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Securities	$ 666,600,000		$ 666,600,000
Securities AFS	526,890,000		526,890,000		$ 570,092,000
Unrealized loss for debt securities, increase			2,200,000
Accumulated unrealized loss on AFS securities	(64,400,000)		(64,400,000)
Securities available-for-sale, at amortized cost	136,824,000		136,824,000		141,236,000
Maturities, principal repayments, and calls			80,300,000
Securities purchased			34,908,000	$ 28,568,000
Securities sold			0
Debt securities, held-to-maturity, sale			0
Debt securities, held-to-maturity, purchase			0
Available-for-sale, allowance for credit loss	0		0		0
Held-to-maturity, allowance for credit loss	0		0		0
Accrued interest receivables, available for sale and held to maturity securities	$ 2,900,000		$ 2,900,000		3,000,000
Available-for-sale, number of securities in unrealized loss positions | security	474		474
Securities in a loss position as a proportion of total AFS securities (as a percent)	10.95%		10.95%
Proceeds from sales and calls of debt securities	$ 0	$ 0	$ 0	0
Equity securities, at fair value	2,921,000		2,921,000		2,965,000
Loss on equity securities	13,000	$ 64,000	44,000	$ 32,000	14,000
Securities pledged as collateral	$ 218,600,000		$ 218,600,000		$ 230,900,000

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Securities AFS:
Total Securities AFS	$ 591,291	$ 632,258
Gross Unrealized Gains	329	413
Gross Unrealized Losses	(64,730)	(62,579)
Fair Value	526,890	570,092
Securities HTM:
Amortized Cost	136,824	141,236
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(22,849)	(22,207)
Fair Value	113,975	119,029
Mortgage-backed securities
Securities AFS:
Total Securities AFS	288,908	288,793
Gross Unrealized Gains	311	395
Gross Unrealized Losses	(29,982)	(31,228)
Fair Value	259,237	257,960
Securities HTM:
Amortized Cost	135,897	140,314
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(22,742)	(22,098)
Fair Value	113,155	118,216
Municipal bonds
Securities AFS:
Total Securities AFS	204,724	211,848
Gross Unrealized Gains	0	13
Gross Unrealized Losses	(32,280)	(27,732)
Fair Value	172,444	184,129
U.S. Treasury securities
Securities AFS:
Total Securities AFS	48,000	92,054
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(719)	(1,912)
Fair Value	47,281	90,142
U.S. agency securities
Securities AFS:
Total Securities AFS	49,659	39,563
Gross Unrealized Gains	18	5
Gross Unrealized Losses	(1,749)	(1,707)
Fair Value	47,928	37,861
Securities HTM:
Amortized Cost	927	922
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(107)	(109)
Fair Value	$ 820	$ 813

Securities - Schedule of AFS De

Securities - Schedule of AFS Debt Securities, by Maturity Date (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Within one year	$ 56,343
After one year but within five years	27,494
After five years but within ten years	115,518
After ten years	391,936
Total Securities AFS	591,291	$ 632,258
Fair Value
Within one year	55,477
After one year but within five years	26,423
After five years but within ten years	107,295
After ten years	337,695
Fair Value	526,890	570,092
Amortized Cost
Within one year	0
After one year but within five years	0
After five years but within ten years	927
After ten years	135,897
Total Securities HTM	136,824
Fair Value
Within one year	0
After one year but within five years	0
After five years but within ten years	820
After ten years	113,155
Total Securities HTM	$ 113,975	$ 119,029

Securities - Schedule of Securi

Securities - Schedule of Securities With Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Less than twelve months
Gross Unrealized Losses	$ (364)	$ (200)
Fair Value	50,397	43,499
Twelve months or more
Gross Unrealized Losses	(64,366)	(62,379)
Fair Value	425,251	487,233
Mortgage-backed securities
Less than twelve months
Gross Unrealized Losses	(133)	(35)
Fair Value	21,311	19,383
Twelve months or more
Gross Unrealized Losses	(29,849)	(31,193)
Fair Value	194,942	206,518
Municipal bonds
Less than twelve months
Gross Unrealized Losses	(115)	(83)
Fair Value	2,990	4,815
Twelve months or more
Gross Unrealized Losses	(32,165)	(27,649)
Fair Value	169,454	176,098
U.S. Treasury securities
Less than twelve months
Gross Unrealized Losses	0	0
Fair Value	0	0
Twelve months or more
Gross Unrealized Losses	(719)	(1,912)
Fair Value	47,281	90,142
U.S. agency securities
Less than twelve months
Gross Unrealized Losses	(116)	(82)
Fair Value	26,096	19,301
Twelve months or more
Gross Unrealized Losses	(1,633)	(1,625)
Fair Value	$ 13,574	$ 14,475

Loans and Asset Quality - Sched

Loans and Asset Quality - Schedule of Total Loans Held for Investment by Category and Loans Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans HFI	$ 2,047,890	$ 1,992,858
Total loans HFS	3,878	1,306
Real estate | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans HFI	865,645	851,582
Real estate | One-to-four family residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans HFI	611,904	599,487
Real estate | Construction and development
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans HFI	129,197	125,238
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans HFI	344,071	315,327
Tax-exempt
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans HFI	67,941	72,913
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loans HFI	$ 29,132	$ 28,311

Loans and Asset Quality - Narra

Loans and Asset Quality - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest		$ 6,600,000	$ 6,800,000
Loans modified	$ 0
Allowance for credit loss	$ 21,085,000	21,627,000	21,336,000	$ 20,628,000
Unfunded commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Other commitments		407,300,000	372,000,000
Allowance for credit loss		442,000	442,000
Standby letters of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Other commitments		$ 12,400,000	$ 15,400,000

Loans and Asset Quality - Sch_2

Loans and Asset Quality - Schedule of Allowance of Credit Losses By Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance			$ 21,336	$ 20,628	$ 20,628
Provision for credit losses	$ 300	$ 300	600	300
Charge-offs			(442)	(224)	(473)
Recoveries			133	103
Ending Balance	21,627	21,085	21,627	21,085	21,336
Impact of ASC 326 Adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance				278	278
Real estate | Commercial real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance			9,118	7,720	7,720
Provision for credit losses			(52)	(293)
Charge-offs			0	0
Recoveries			0	0
Ending Balance	9,066	8,303	9,066	8,303	9,118
Real estate | Commercial real estate | Impact of ASC 326 Adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance				876	876
Real estate | One-to-four family residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance			7,484	5,682	5,682
Provision for credit losses			131	91
Charge-offs			0	0
Recoveries			5	5
Ending Balance	7,620	7,009	7,620	7,009	7,484
Real estate | One-to-four family residential | Impact of ASC 326 Adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance				1,231	1,231
Real estate | Construction and development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance			1,309	1,654	1,654
Provision for credit losses			69	184
Charge-offs			0	(9)
Recoveries			0	0
Ending Balance	1,378	1,385	1,378	1,385	1,309
Real estate | Construction and development | Impact of ASC 326 Adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance				(444)	(444)
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance			2,553	4,350	4,350
Provision for credit losses			348	(18)
Charge-offs			(211)	(33)
Recoveries			54	23
Ending Balance	2,744	3,500	2,744	3,500	2,553
Commercial and industrial | Impact of ASC 326 Adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance				(822)	(822)
Tax-exempt
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance			575	751	751
Provision for credit losses			(45)	264
Charge-offs			0	0
Recoveries			0	0
Ending Balance	530	588	530	588	575
Tax-exempt | Impact of ASC 326 Adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance				(427)	(427)
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance			297	471	471
Provision for credit losses			149	72
Charge-offs			(231)	(182)
Recoveries			74	75
Ending Balance	$ 289	$ 300	$ 289	300	297
Consumer | Impact of ASC 326 Adoption
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance				$ (136)	$ (136)

Loans and Asset Quality - Sch_3

Loans and Asset Quality - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual with No ACL	$ 553	$ 709
Nonaccrual with ACL	2,615	1,250
Total Nonaccrual	3,168	1,959
Real estate | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual with No ACL	0	0
Nonaccrual with ACL	737	714
Total Nonaccrual	737	714
Real estate | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual with No ACL	0	0
Nonaccrual with ACL	700	269
Total Nonaccrual	700	269
Real estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual with No ACL	0	0
Nonaccrual with ACL	920	0
Total Nonaccrual	920	0
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual with No ACL	553	709
Nonaccrual with ACL	164	135
Total Nonaccrual	717	844
Tax-exempt
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual with No ACL	0	0
Nonaccrual with ACL	0	0
Total Nonaccrual	0	0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual with No ACL	0	0
Nonaccrual with ACL	94	132
Total Nonaccrual	$ 94	$ 132

Loans and Asset Quality - Sch_4

Loans and Asset Quality - Schedule of Aging Analysis of Past Due Loans and Loans 90 Days Or More Past Due and Still Accruing Interest By Loan Category (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	$ 2,047,890	$ 1,992,858
Financing receivable, 90 days or more past due, still accruing	41	574
30-59 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	482	587
60-89 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	385	327
90 Days or More
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	2,898	2,245
Current
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	2,044,125	1,989,699
Real estate | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	865,645	851,582
Financing receivable, 90 days or more past due, still accruing	0	0
Real estate | Commercial real estate | 30-59 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	32	36
Real estate | Commercial real estate | 60-89 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	0	0
Real estate | Commercial real estate | 90 Days or More
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	705	678
Real estate | Commercial real estate | Current
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	864,908	850,868
Real estate | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	611,904	599,487
Financing receivable, 90 days or more past due, still accruing	39	260
Real estate | One-to-four family residential | 30-59 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	124	392
Real estate | One-to-four family residential | 60-89 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	378	251
Real estate | One-to-four family residential | 90 Days or More
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	577	409
Real estate | One-to-four family residential | Current
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	610,825	598,435
Real estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	129,197	125,238
Financing receivable, 90 days or more past due, still accruing	0	265
Real estate | Construction and development | 30-59 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	0	0
Real estate | Construction and development | 60-89 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	0	0
Real estate | Construction and development | 90 Days or More
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	918	265
Real estate | Construction and development | Current
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	128,279	124,973
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	344,071	315,327
Financing receivable, 90 days or more past due, still accruing	2	45
Commercial and industrial | 30-59 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	315	132
Commercial and industrial | 60-89 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	0	60
Commercial and industrial | 90 Days or More
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	685	847
Commercial and industrial | Current
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	343,071	314,288
Tax-exempt
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	67,941	72,913
Financing receivable, 90 days or more past due, still accruing	0	0
Tax-exempt | 30-59 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	0	0
Tax-exempt | 60-89 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	0	0
Tax-exempt | 90 Days or More
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	0	0
Tax-exempt | Current
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	67,941	72,913
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	29,132	28,311
Financing receivable, 90 days or more past due, still accruing	0	4
Consumer | 30-59 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	11	27
Consumer | 60-89 Days
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	7	16
Consumer | 90 Days or More
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	13	46
Consumer | Current
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, excluding accrued interest, before allowance for credit loss	$ 29,101	$ 28,222

Loans and Asset Quality - Sch_5

Loans and Asset Quality - Schedule of Amortized Cost Basis With Modifications (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified		$ 0
Extended Maturity
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified	$ 485,000
Percent of loan category (as a percent)	0.10%
Real estate | Commercial real estate | Extended Maturity
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified	$ 0
Percent of loan category (as a percent)	0%
Real estate | One-to-four family residential | Extended Maturity
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified	$ 485,000
Percent of loan category (as a percent)	0.10%
Financial effect, amortization period extended period (in years)	4 years 9 months 14 days
Real estate | Construction and development | Extended Maturity
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified	$ 0
Percent of loan category (as a percent)	0%
Commercial and industrial | Extended Maturity
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified	$ 0
Percent of loan category (as a percent)	0%
Tax-exempt | Extended Maturity
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified	$ 0
Percent of loan category (as a percent)	0%
Consumer | Extended Maturity
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans modified	$ 0
Percent of loan category (as a percent)	0%

Loans and Asset Quality - Sch_6

Loans and Asset Quality - Schedule of Loans by Risk Rating (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	$ 206,141		$ 393,355
Current period, year two	372,434		520,330
Current period, year three	460,788		449,175
Current period, year four	412,420		197,368
Current period, year five	182,949		110,545
Current period, prior years	243,212		174,461
Current period, revolving lines	169,946		147,624
Total	2,047,890		1,992,858
Gross charge-offs, year one	1		12
Gross charge-offs, year two	25		20
Gross charge-offs, year three	24		1
Gross charge-offs, year four	0		0
Gross charge-offs, year five	0		10
Gross charge-offs, prior years	153		25
Gross charge-offs, revolving lines	239		405
Gross charge-offs, Total	442	$ 224	473
Real estate | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	61,911		124,391
Current period, year two	121,459		257,486
Current period, year three	248,743		243,225
Current period, year four	231,817		76,754
Current period, year five	72,736		64,506
Current period, prior years	108,196		66,753
Current period, revolving lines	20,783		18,467
Total	865,645		851,582
Gross charge-offs, Total	0	0
Real estate | Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	61,911		124,134
Current period, year two	121,276		256,707
Current period, year three	247,987		239,364
Current period, year four	231,137		76,754
Current period, year five	72,736		63,475
Current period, prior years	104,277		61,957
Current period, revolving lines	20,783		18,467
Total	860,107		840,858
Real estate | Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		73
Current period, year two	0		0
Current period, year three	0		3,186
Current period, year four	0		0
Current period, year five	0		1,031
Current period, prior years	3,182		4,082
Current period, revolving lines	0		0
Total	3,182		8,372
Real estate | Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		184
Current period, year two	183		779
Current period, year three	756		675
Current period, year four	680		0
Current period, year five	0		0
Current period, prior years	737		714
Current period, revolving lines	0		0
Total	2,356		2,352
Real estate | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	52,322		122,004
Current period, year two	113,509		134,662
Current period, year three	126,865		129,388
Current period, year four	120,514		90,227
Current period, year five	84,652		31,495
Current period, prior years	96,150		75,165
Current period, revolving lines	17,892		16,546
Total	611,904		599,487
Gross charge-offs, Total	0	0
Real estate | One-to-four family residential | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	52,186		122,004
Current period, year two	113,509		134,583
Current period, year three	126,497		129,388
Current period, year four	120,471		90,190
Current period, year five	84,617		31,110
Current period, prior years	94,952		74,077
Current period, revolving lines	17,082		16,472
Total	609,314		597,824
Real estate | One-to-four family residential | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	136		0
Current period, year two	0		0
Current period, year three	0		0
Current period, year four	0		0
Current period, year five	0		0
Current period, prior years	257		261
Current period, revolving lines	0		0
Total	393		261
Real estate | One-to-four family residential | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		0
Current period, year two	0		79
Current period, year three	368		0
Current period, year four	43		37
Current period, year five	35		385
Current period, prior years	941		827
Current period, revolving lines	810		74
Total	2,197		1,402
Real estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	30,381		54,189
Current period, year two	62,935		55,515
Current period, year three	27,265		10,333
Current period, year four	4,411		1,742
Current period, year five	1,015		2,158
Current period, prior years	2,236		1,015
Current period, revolving lines	954		286
Total	129,197		125,238
Gross charge-offs, Total	0	9
Real estate | Construction and development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	30,381		54,189
Current period, year two	62,017		55,515
Current period, year three	27,265		10,333
Current period, year four	4,411		1,742
Current period, year five	1,015		2,158
Current period, prior years	1,978		1,015
Current period, revolving lines	954		286
Total	128,021		125,238
Real estate | Construction and development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		0
Current period, year two	918		0
Current period, year three	0		0
Current period, year four	0		0
Current period, year five	0		0
Current period, prior years	0		0
Current period, revolving lines	0		0
Total	918		0
Real estate | Construction and development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		0
Current period, year two	0		0
Current period, year three	0		0
Current period, year four	0		0
Current period, year five	0		0
Current period, prior years	258		0
Current period, revolving lines	0		0
Total	258		0
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	48,828		74,865
Current period, year two	63,247		50,574
Current period, year three	38,461		55,730
Current period, year four	47,239		13,868
Current period, year five	10,769		7,773
Current period, prior years	6,299		1,373
Current period, revolving lines	129,228		111,144
Total	344,071		315,327
Gross charge-offs, Total	211	33
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	48,828		73,653
Current period, year two	63,218		49,637
Current period, year three	37,570		51,012
Current period, year four	47,195		13,863
Current period, year five	10,767		7,409
Current period, prior years	6,206		813
Current period, revolving lines	128,585		107,171
Total	342,369		303,558
Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		1,208
Current period, year two	26		937
Current period, year three	891		4,659
Current period, year four	0		0
Current period, year five	0		310
Current period, prior years	0		509
Current period, revolving lines	0		3,173
Total	917		10,796
Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		4
Current period, year two	3		0
Current period, year three	0		59
Current period, year four	44		5
Current period, year five	2		54
Current period, prior years	93		51
Current period, revolving lines	643		800
Total	785		973
Tax-exempt
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	2,116		959
Current period, year two	1,031		15,679
Current period, year three	14,977		8,174
Current period, year four	6,634		13,919
Current period, year five	13,229		4,250
Current period, prior years	29,954		29,932
Current period, revolving lines	0		0
Total	67,941		72,913
Gross charge-offs, Total	0	0
Tax-exempt | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	2,116		959
Current period, year two	1,031		15,679
Current period, year three	14,977		8,174
Current period, year four	6,634		13,919
Current period, year five	13,229		4,250
Current period, prior years	29,954		29,932
Current period, revolving lines	0		0
Total	67,941		72,913
Tax-exempt | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		0
Current period, year two	0		0
Current period, year three	0		0
Current period, year four	0		0
Current period, year five	0		0
Current period, prior years	0		0
Current period, revolving lines	0		0
Total	0		0
Tax-exempt | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		0
Current period, year two	0		0
Current period, year three	0		0
Current period, year four	0		0
Current period, year five	0		0
Current period, prior years	0		0
Current period, revolving lines	0		0
Total	0		0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	10,583		16,947
Current period, year two	10,253		6,414
Current period, year three	4,477		2,325
Current period, year four	1,805		858
Current period, year five	548		363
Current period, prior years	377		223
Current period, revolving lines	1,089		1,181
Total	29,132		28,311
Gross charge-offs, Total	231	$ 182
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	10,583		16,947
Current period, year two	10,253		6,385
Current period, year three	4,477		2,325
Current period, year four	1,805		858
Current period, year five	548		363
Current period, prior years	282		133
Current period, revolving lines	1,082		1,173
Total	29,030		28,184
Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		0
Current period, year two	0		0
Current period, year three	0		0
Current period, year four	0		0
Current period, year five	0		0
Current period, prior years	0		0
Current period, revolving lines	0		0
Total	0		0
Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current period, year one	0		0
Current period, year two	0		29
Current period, year three	0		0
Current period, year four	0		0
Current period, year five	0		0
Current period, prior years	95		90
Current period, revolving lines	7		8
Total	$ 102		$ 127

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Deposits [Abstract]
Deposits	$ 2,716,646		$ 2,801,888
Decrease in deposits	85,242	$ 134,753
Securities and federal home loan banks letters of credit, pledged as collateral	$ 210,700		$ 287,400

Deposits - Schedule of Deposits

Deposits - Schedule of Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deposits [Abstract]
Noninterest-bearing demand deposits	$ 892,942	$ 916,456
Interest-bearing deposits:
Interest-bearing demand deposits	135,543	138,380
NOW accounts	377,385	468,483
Money market accounts	547,715	541,607
Savings accounts	170,050	173,741
Time deposits less than or equal to $250,000	399,981	392,094
Time deposits greater than $250,000	193,030	171,127
Total interest-bearing deposits	1,823,704	1,885,432
Total Deposits	$ 2,716,646	$ 2,801,888

Other Borrowed Funds (Details)

Other Borrowed Funds (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Other borrowings	$ 0	$ 0

Fair Value - Schedule of Fair V

Fair Value - Schedule of Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	$ 526,890	$ 570,092
Equity securities	2,921	2,965
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	259,237	257,960
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	172,444	184,129
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	47,281	90,142
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	47,928	37,861
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	0	0
Securities AFS	0	0
Equity securities	2,921	2,965
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	3,878	1,306
Securities AFS	526,890	570,092
Equity securities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	0	0
Securities AFS	0	0
Equity securities	0	0
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	3,878	1,306
Equity securities	2,921	2,965
Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	259,237	257,960
Recurring | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	172,444	184,129
Recurring | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	47,281	90,142
Recurring | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	47,928	37,861
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	0	0
Equity securities	2,921	2,965
Recurring | Level 1 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Recurring | Level 1 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Recurring | Level 1 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Recurring | Level 1 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	3,059	1,306
Equity securities	0	0
Recurring | Level 2 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	259,237	257,960
Recurring | Level 2 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	172,444	184,129
Recurring | Level 2 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	47,281	90,142
Recurring | Level 2 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	47,928	37,861
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans HFS	0	0
Equity securities	0	0
Recurring | Level 3 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Recurring | Level 3 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Recurring | Level 3 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	0	0
Recurring | Level 3 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities AFS	$ 0	$ 0

Fair Value - Schedule of Fair_2

Fair Value - Schedule of Fair Value of Assets Measured on Nonrecurring Basis (Details) - Remeasured Loans - Nonrecurring - Level 3 - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value before allowance	$ 1,128	$ 633
Specific allowance	(123)	(100)
Fair value	1,005	533
Foreclosed assets remeasured at initial recognition:
Carrying value of foreclosed assets prior to remeasurement	0	69
Charge-offs	0	0
Fair value of foreclosed assets	$ 0	$ 69

Fair Value - Schedule of Inputs

Fair Value - Schedule of Inputs Used for the Level 3 Fair Value Measurement (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Minimum | Discounted appraisals | Collateral discounts and costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans (as a percent)	0	0
Maximum | Discounted appraisals | Collateral discounts and costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans (as a percent)	1	1
Weighted Average Discount | Discounted appraisals | Collateral discounts and costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans (as a percent)	0.1863	0.2405
Nonrecurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans	$ 2,345	$ 1,754
Foreclosed assets	$ 0	$ 69

Fair Value - Schedule of Carryi

Fair Value - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets:
Securities AFS	$ 526,890	$ 570,092
Securities HTM	113,975	119,029
Equity securities	2,921	2,965
Nonmarketable equity securities	2,283	2,239
Loans HFI, net of allowance	2,026,263	1,971,522
Level 1
Financial assets:
Cash and due from banks	35,035	53,062
Interest-bearing deposits in other banks	178,038	252,364
Securities AFS	0	0
Securities HTM	0	0
Equity securities	2,921	2,965
Nonmarketable equity securities	0	0
Loans HFS	0	0
Loans HFI, net of allowance	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	0	0
Accrued interest payable	0	0
Level 2
Financial assets:
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Securities AFS	526,890	570,092
Securities HTM	113,975	119,029
Equity securities	0	0
Nonmarketable equity securities	2,283	2,239
Loans HFS	3,878	1,306
Loans HFI, net of allowance	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	2,710,924	2,796,303
Accrued interest payable	8,747	8,000
Level 3
Financial assets:
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Securities AFS	0	0
Securities HTM	0	0
Equity securities	0	0
Nonmarketable equity securities	0	0
Loans HFS	0	0
Loans HFI, net of allowance	1,881,756	1,820,573
Accrued interest receivable	9,570	9,945
Financial liabilities:
Deposits	0	0
Accrued interest payable	0	0
Carrying Amount
Financial assets:
Cash and due from banks	35,035	53,062
Interest-bearing deposits in other banks	178,038	252,364
Securities AFS	526,890	570,092
Securities HTM	136,824	141,236
Equity securities	2,921	2,965
Nonmarketable equity securities	2,283	2,239
Loans HFS	3,878	1,306
Loans HFI, net of allowance	2,026,263	1,971,522
Accrued interest receivable	9,570	9,945
Financial liabilities:
Deposits	2,716,646	2,801,888
Accrued interest payable	8,747	8,000
Fair Value
Financial assets:
Cash and due from banks	35,035	53,062
Interest-bearing deposits in other banks	178,038	252,364
Securities AFS	526,890	570,092
Securities HTM	113,975	119,029
Equity securities	2,921	2,965
Nonmarketable equity securities	2,283	2,239
Loans HFS	3,878	1,306
Loans HFI, net of allowance	1,881,756	1,820,573
Accrued interest receivable	9,570	9,945
Financial liabilities:
Deposits	2,710,924	2,796,303
Accrued interest payable	$ 8,747	$ 8,000

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Red River Bancshares, Inc.
Total Risk-Based Capital
Actual Amount	$ 389,245	$ 384,577
Actual Ratio (as a percent)	0.1801	0.1828
Regulatory Requirements, Minimum, Amount	$ 226,894	$ 220,905
Regulatory Requirements, Minimum, Ratio (as a percent)	0.1050	0.1050
Tier I Risk-Based Capital
Actual Amount	$ 367,176	$ 362,799
Actual Ratio (as a percent)	0.1699	0.1724
Regulatory Requirements, Minimum, Amount	$ 183,676	$ 178,828
Regulatory Requirements, Minimum, Ratio (as a percent)	0.0850	0.0850
Common Equity Tier I Capital
Actual Amount	$ 367,176	$ 362,799
Actual Ratio (as a percent)	0.1699	0.1724
Regulatory Requirements, Minimum, Amount	$ 151,263	$ 147,270
Regulatory Requirements, Minimum, Ratio (as a percent)	0.0700	0.0700
Tier I Leverage Capital
Actual Amount	$ 367,176	$ 362,799
Actual Ratio (as a percent)	0.1174	0.1156
Regulatory Requirements, Minimum, Amount	$ 125,098	$ 125,575
Regulatory Requirements, Minimum, Ratio (as a percent)	0.0400	0.0400
Red River Bank
Total Risk-Based Capital
Actual Amount	$ 381,452	$ 378,582
Actual Ratio (as a percent)	0.1766	0.1800
Regulatory Requirements, Minimum, Amount	$ 226,818	$ 220,850
Regulatory Requirements, Minimum, Ratio (as a percent)	0.1050	0.1050
Regulatory Requirements, Minimum Plus CCB, Amount	$ 216,017	$ 210,333
Regulatory Requirements, Minimum Plus CCB, Ratio (as a percent)	0.1000	0.1000
Tier I Risk-Based Capital
Actual Amount	$ 359,383	$ 356,804
Actual Ratio (as a percent)	0.1664	0.1696
Regulatory Requirements, Minimum, Amount	$ 183,615	$ 178,783
Regulatory Requirements, Minimum, Ratio (as a percent)	0.0850	0.0850
Regulatory Requirements, Minimum, Amount	$ 172,814	$ 168,266
Regulatory Requirements, Minimum, Ratio (as a percent)	0.0800	0.0800
Common Equity Tier I Capital
Actual Amount	$ 359,383	$ 356,804
Actual Ratio (as a percent)	0.1664	0.1696
Regulatory Requirements, Minimum, Amount	$ 151,212	$ 147,233
Regulatory Requirements, Minimum, Ratio (as a percent)	0.0700	0.0700
Regulatory Requirements, Minimum Plus CCB, Amount	$ 140,411	$ 136,716
Regulatory Requirements, Minimum Plus CCB, Ratio (as a percent)	0.0650	0.0650
Tier I Leverage Capital
Actual Amount	$ 359,383	$ 356,804
Actual Ratio (as a percent)	0.1149	0.1137
Regulatory Requirements, Minimum, Amount	$ 125,062	$ 125,538
Regulatory Requirements, Minimum, Ratio (as a percent)	0.0400	0.0400
Regulatory Requirements, Minimum Plus CCB, Amount	$ 156,328	$ 156,923
Regulatory Requirements, Minimum Plus CCB, Ratio (as a percent)	0.0500	0.0500

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net income - basic	$ 7,987	$ 8,968	$ 16,175	$ 18,566
Net income - diluted	$ 7,987	$ 8,968	$ 16,175	$ 18,566
Denominator:
Weighted average shares outstanding - basic (in shares)	6,896,030	7,177,621	6,973,039	7,180,187
Weighted average shares outstanding - diluted (in shares)	6,914,140	7,194,634	6,991,618	7,197,412
Earnings per common share:
Basic (in dollars per share)	$ 1.16	$ 1.25	$ 2.32	$ 2.59
Diluted (in dollars per share)	$ 1.16	$ 1.25	$ 2.31	$ 2.58
Plus: Effect of Director Compensation Program
Denominator:
Effect of dilutive securities (in shares)	406	238	875	450
Plus: Effect of restricted stock
Denominator:
Effect of dilutive securities (in shares)	17,704	16,775	17,704	16,775

Equity (Details)

Equity (Details) - USD ($) $ in Thousands		3 Months Ended					6 Months Ended
	Mar. 13, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2024	Dec. 14, 2023
Equity, Class of Treasury Stock [Line Items]
Stock repurchased value		$ 764	$ 10,000	$ 601	$ 346
Transferred securities of available for sale and held-to-maturity, amount						$ 166,300
AOCI, debt securities, transferred securities of available for sale and held-to-maturity, unrealized loss		13,700				17,900	$ 13,700
AOCI, debt securities, transferred securities of available for sale and held-to-maturity, unrealized loss, net of tax		10,900				$ 14,200	$ 10,900
2024 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount								$ 5,000
Stock repurchased (in shares)							16,220
Stock available for repurchasing value		$ 4,200					$ 4,200
Stock repurchased value							$ 764
Privately Negotiated Stock Repurchase Agreement
Equity, Class of Treasury Stock [Line Items]
Stock repurchased (in shares)	200,000
Stock repurchased value	$ 10,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands			3 Months Ended				6 Months Ended
	Aug. 08, 2024	Mar. 13, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024
Subsequent Event [Line Items]
Stock repurchased value			$ 764	$ 10,000	$ 601	$ 346
Privately Negotiated Stock Repurchase Agreement
Subsequent Event [Line Items]
Stock repurchased (in shares)		200,000
Stock repurchased value		$ 10,000
Privately Negotiated Stock Repurchase Agreement | Subsequent Event
Subsequent Event [Line Items]
Stock repurchased (in shares)	60,000
Stock repurchased value	$ 3,000
2024 Stock Repurchase Program
Subsequent Event [Line Items]
Stock repurchased (in shares)							16,220
Stock repurchased value							$ 764
Stock available for repurchasing value			$ 4,200				$ 4,200
2024 Stock Repurchase Program | Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, reduction of remaining authorized repurchase value	3,000
Stock available for repurchasing value	$ 1,200

Uncategorized Items - rrbi-2024

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