Community West Bancshares 10-Q 14 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 30, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-31977
Entity Registrant Name	COMMUNITY WEST BANCSHARES
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	77-0539125
Entity Address, Postal Zip Code	93720
City Area Code	559
Local Phone Number	298-1775
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	CWBC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,870,184
Entity Central Index Key	0001127371
Document Period End Date	Mar. 31, 2024
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Address, Address Line One	7100 N. Financial Dr., Suite 101
Entity Address, City or Town	Fresno
Entity Address, State or Province	CA

CONSOLIDATED BALANCE SHEETS_(Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 25,068	$ 30,017
Interest-earning deposits in other banks	35,891	23,711
Total cash and cash equivalents	60,959	53,728
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $643,525 at March 31, 2024 and $669,646 at December 31, 2023	573,534	597,196
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	302,512	302,442
Loans, less allowance for credit losses of $14,658 at March 31, 2024 and $14,653 at December 31, 2023	1,271,951	1,276,144
Bank premises and equipment, net	14,102	14,042
Bank-owned life insurance	41,848	41,572
Federal Home Loan Bank stock	7,136	7,136
Goodwill	53,777	53,777
Accrued interest receivable and other assets	83,226	80,740
Total assets	2,415,624	2,433,426
Deposits:
Non-interest bearing	911,176	951,541
Interest bearing	1,120,073	1,090,071
Total deposits	2,031,249	2,041,612
Short-term Debt	67,000	80,000
Senior debt and subordinated debentures, less debt issuance costs of $375 at March 31, 2024 and $411 at December 31, 2023	69,780	69,744
Accrued interest payable and other liabilities	35,878	35,006
Total liabilities	2,203,907	2,226,362
Shareholders’ equity:
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding	0	0
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 11,831,994 at March 31, 2024 and 11,818,039 at December 31, 2023	62,801	62,550
Retained earnings	212,805	210,548
Accumulated other comprehensive loss, net of tax	(63,889)	(66,034)
Total shareholders’ equity	211,717	207,064
Total liabilities and shareholders’ equity	2,415,624	2,433,426
Equity Securities, FV-NI, Current	$ 6,579	$ 6,649

CONSOLIDATED BALANCE SHEETS_(_2

CONSOLIDATED BALANCE SHEETS (Unaudited)  CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses on loans	$ 14,658	$ 14,653
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, authorized (in shares)	80,000,000	80,000,000
Common stock, issued (in shares)	11,831,994	11,818,039
Common stock, outstanding (in shares)	11,831,994	11,818,039
Common stock, par value (in dollars per share)	$ 0	$ 0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME:
Interest and fees on loans	$ 18,299	$ 16,777
Interest on deposits in other banks	432	75
Interest and dividends on investment securities:
Taxable	5,500	5,886
Exempt from Federal income taxes	1,396	1,405
Total interest income	25,627	24,143
INTEREST EXPENSE:
Interest on deposits	5,018	1,004
Interest on short-term borrowings	621	661
Interest on senior debt and subordinated debentures	915	897
Total interest expense	6,554	2,562
Net interest income before provision for credit losses	19,073	21,581
PROVISION FOR CREDIT LOSSES	575	633
Net interest income after provision for credit losses	18,498	20,948
NON-INTEREST INCOME:
Service charges	384	387
Net realized losses on sales and calls of investment securities	(373)	(219)
Other income	1,625	1,407
Total non-interest income	1,636	1,575
NON-INTEREST EXPENSES:
Salaries and employee benefits	8,638	8,034
Occupancy and equipment	1,543	1,258
Total other non-interest expense	5,152	3,913
Total non-interest expenses	15,333	13,205
Income before provision for income taxes	4,801	9,318
Provision for income taxes	1,125	2,348
Net income	$ 3,676	$ 6,970
Earnings per common share:
Basic earnings per common share (in dollars per share)	$ 0.31	$ 0.60
Weighted average common shares used in basic computation (in shares)	11,750,528	11,703,813
Diluted earnings per common share (in dollars per share)	$ 0.31	$ 0.59
Weighted average common shares used in diluted computation (in shares)	11,790,231	11,731,135
Cash dividends per common share (in dollars per share)	$ 0.12	$ 0.12

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 3,676	$ 6,970
Unrealized gains on securities:
Unrealized holding gains arising during the period	2,086	6,433
Reclassification of net losses included in net income	373	219
Other Comprehensive Income (Loss), Amortization Of Net Unrealized Losses Transferred	586	627
Other comprehensive income, before tax	3,045	7,279
Tax effect	(900)	(2,153)
Total other comprehensive income	2,145	5,126
Comprehensive income	$ 5,821	$ 12,096

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period of Adoption, Adjustment	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss) (Net of Taxes)	Accumulated Other Comprehensive Income (Loss) (Net of Taxes) Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss) (Net of Taxes) Cumulative Effect, Period of Adoption, Adjusted Balance
Balance at Dec. 31, 2022	$ 174,660	$ (3,731)	$ 170,929	$ 61,487	$ 0	$ 61,487	$ 194,400	$ (3,731)	$ 190,669	$ (81,227)	$ 0	$ (81,227)
Balance (in shares) at Dec. 31, 2022				11,735,291	0	11,735,291
Net income	6,970						6,970
Other comprehensive income	5,126									5,126
Cash dividend	(1,410)						(1,410)
Stock-based compensation expense	361			$ 361
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)				5,157
Stock issued under employee stock purchase plan (in shares)				4,143
Stock issued under employee stock purchase plan	76			$ 76
Balance at Mar. 31, 2023	182,052			$ 61,924			196,229			(76,101)
Balance (in shares) at Mar. 31, 2023				11,754,938
Stock Issued During Period, Value, Employee Stock Ownership Plan	0			$ 0
Stock Issued During Period, Shares, Employee Stock Ownership Plan				10,347
Balance at Dec. 31, 2023	207,064			$ 62,550			210,548			(66,034)
Balance (in shares) at Dec. 31, 2023				11,818,039
Net income	3,676						3,676
Other comprehensive income	2,145									2,145
Cash dividend	(1,419)						(1,419)
Stock-based compensation expense	181			$ 181
Restricted stock granted, net of forfeitures, and related tax benefit (in shares)				9,275
Stock issued under employee stock purchase plan (in shares)				4,380
Stock issued under employee stock purchase plan	70			$ 70
Balance at Mar. 31, 2024	$ 211,717			$ 62,801			$ 212,805			$ (63,889)
Balance (in shares) at Mar. 31, 2024				11,831,994
Stock Issued During Period, Value, Employee Stock Ownership Plan				$ 0
Stock Issued During Period, Shares, Employee Stock Ownership Plan				300

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share (in dollars per share)	$ 0.12	$ 0.12

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 3,676,000	$ 6,970,000
Adjustments to reconcile net income to net cash provided by operating activities:
Net increase in deferred loan fees	(378,000)	(56,000)
Depreciation	381,000	158,000
Accretion	(443,000)	(515,000)
Amortization	1,302,000	2,306,000
Stock-based compensation	181,000	361,000
Provision for credit losses	575,000	633,000
Net realized losses on sales and calls of available-for-sale investment securities	373,000	219,000
Net change in equity securities	70,000	(105,000)
Increase in bank-owned life insurance, net of expenses	(275,000)	(249,000)
Net decrease in accrued interest receivable and other assets	(2,982,000)	(2,509,000)
Net increase in accrued interest payable and other liabilities	670,000	3,030,000
Provision for deferred income taxes	832,000	289,000
Net cash provided by operating activities	3,982,000	10,532,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales or calls	5,700,000	12,066,000
Proceeds from maturity and principal repayments of available-for-sale investment securities	18,731,000	10,355,000
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities	268,000	798,000
Net decrease (increase) in loans	3,702,000	(29,212,000)
Purchases of premises and equipment	(441,000)	(210,000)
Net cash provided by (used in) investing activities	27,960,000	(6,203,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in demand, interest bearing and savings deposits	(22,424,000)	(69,013,000)
Net increase in time deposits	12,062,000	145,110,000
Proceeds from short-term borrowings from Federal Home Loan Bank	331,000,000	3,346,500,000
Repayments of short-term borrowings to Federal Home Loan Bank	344,000,000	3,392,500,000
Proceeds from stock issued under employee stock purchase plan	70,000	76,000
Cash dividend payments on common stock	(1,419,000)	(1,410,000)
Net cash (used in) provided by financing activities	(24,711,000)	28,763,000
Increase in cash and cash equivalents	7,231,000	33,092,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	53,728,000	31,170,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD	60,959,000	64,262,000
Cash paid during the period for:
Interest	5,788,000	2,730,000
Income taxes	0	0
Operating cash flows from operating leases	577,000	589,000
Initial recognition of operating lease right-of-use assets	$ 2,459,000	$ 6,652

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Description of Business and Basis of Presentation The interim unaudited condensed consolidated financial statements of Community West Bancshares and subsidiary have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). These interim condensed consolidated financial statements include the accounts of Community West Bancshares and its wholly owned subsidiary Community West Bank (the Bank) (collectively, the Company). All significant intercompany accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been omitted. The Company believes that the disclosures are adequate to make the information presented not misleading. These interim unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s 2023 Annual Report to Shareholders on Form 10-K. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Company’s financial position at March 31, 2024, and the results of its operations and its cash flows for the three month interim periods ended March 31, 2024 and 2023 have been included. The results of operations for interim periods are not necessarily indicative of results for the full year. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 855, “Subsequent Events,” the Company’s management has evaluated subsequent events for potential recognition or disclosure through the date of the issuance of these condensed consolidated financial statements. On April 1, 2024, the Company, formerly named Central Valley Community Bancorp, completed the acquisition of Community West Bancshares. Refer to Note 2 - Business Combinations for further discussion of this transaction. Use of Estimates in the Preparation of Financial Statements The preparation of these interim unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Segment and Significant Group Concentration of Credit Risk Management has determined that since all of the banking products and services offered by the Company are available in each branch of the Bank, all branches are located within the same economic environment, and management does not allocate resources based on the performance of different lending or transaction activities, it is appropriate to aggregate the Bank branches and report them as a single operating segment. No customer accounts for more than 10 percent of revenues for the Company or the Bank. Reclassifications Certain reclassifications have been made to prior year financial statements to conform to the classifications used in 2024. None of the reclassifications had an impact on equity or net income. Recently Issued or Adopted Accounting Pronouncements FASB issued ASU 2023-09, Improvements to Income Tax Disclosures. This ASU was issued to enhance the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. This ASU is effective for fiscal years beginning after December 15, 2024. The adoption of this accounting guidance is not expected to have a material impact on the Company’s consolidated financial statements but will result in the expansion of the income tax disclosures. FASB issued ASU 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures. This ASU was issued to address stakeholder requests for more detailed information about expenses within each reportable segment and address disclosure requirements there within. The amendments retain existing disclosure requirements, and expand upon them for both interim and annual reporting periods. In addition, entities with a single reportable segment must now provide all segment disclosures required, including the new disclosure requirements. This ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The adoption of this accounting guidance is not expected to have a material impact on the Company’s consolidated financial statements but will result in inclusion of certain segment reporting requirements not previously required.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair Value Hierarchy Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 — Quoted market prices (unadjusted) for identical instruments traded in active markets that the entity has the ability to access as of the measurement date. Level 2 —Significant other observable inputs other than Level 1 prices such as 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 — Significant unobservable inputs that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The estimated carrying and fair values of the Company’s financial instruments not carried at fair value are as follows (in thousands): March 31, 2024 Carrying Fair Value (In thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and due from banks $ 25,068 $ 25,068 $ — $ — $ 25,068 Interest-earning deposits in other banks 35,891 35,891 — — 35,891 Held-to-maturity investment securities 302,512 — 274,893 — 274,893 Loans, net 1,271,951 — — 1,196,406 1,196,406 Financial liabilities: Time deposits 174,107 — 173,097 — 173,097 Short-term borrowings 67,000 — 67,861 — 67,861 Senior debt and subordinated debentures 69,780 — — 61,048 61,048 December 31, 2023 Carrying Fair Value (In thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and due from banks $ 30,017 $ 30,017 $ — $ — $ 30,017 Interest-earning deposits in other banks 23,711 23,711 — — 23,711 Held-to-maturity investment securities 302,442 — 277,003 — 277,003 Loans, net 1,276,144 — — 1,213,098 1,213,098 Financial liabilities: Time deposits 162,085 — 160,839 — 160,839 Short-term borrowings 80,000 — 79,991 — 79,991 Subordinated debentures 69,744 — — 61,121 61,121 The methods and assumptions used to estimate fair values are described as follows: (a) Cash and Cash Equivalents — The carrying amounts of cash and due from banks, interest-earning deposits in other banks, and Federal funds sold approximate fair values and are classified as Level 1. (b) Investment securities — The fair values for investment securities 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), using matrix pricing. Matrix pricing is a mathematical technique commonly used to price debt securities that are not actively traded, values debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). 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). (c) Loans — Fair values of loans are estimated as follows: fixed and variable loans are estimated using discounted cash flow analyses, taking into consideration various factors including loan type, credit loss and prepayment expectations. The loan cash flows are discounted to present value using a combination of existing market rates and liquidity spreads as well as underlying index rates and margins on variable rate loans resulting in a Level 3 classification. (d) Time Deposits — Fair value for fixed and variable rate certificates of deposit are estimated using discounted cash flow analyses using interest rates offered at each reporting date by the Company for certificates with similar remaining maturities resulting in a Level 2 classification. (e) Short-Term Borrowings — The carrying amounts of federal funds purchased, borrowings under repurchase agreements, and other short-term borrowings, generally maturing within ninety days, approximate their fair values resulting in a Level 2 classification. (f) Subordinated Debentures and Senior Debt — The fair values of the Company’s Subordinated Debentures are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 3 classification. Assets Recorded at Fair Value The Company is required or permitted to record the following assets at fair value on a recurring basis. The following tables present information about the Company’s assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023: Fair Value Measurements Using March 31, 2024 Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities: U.S. Treasury securities $ 8,878 $ — $ 8,878 $ — U.S. Government agencies 92 — 92 — Obligations of states and political subdivisions 178,405 — 178,405 — U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 80,798 — 80,798 — Private label mortgage and asset backed securities 305,361 — 305,361 — Equity securities 6,579 6,579 — — Total assets measured at fair value on a recurring basis $ 580,113 $ 6,579 $ 573,534 $ — Fair Value Measurements Using December 31, 2023 Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities: U.S. Treasury securities $ 8,954 $ — $ 8,954 $ — U.S. Government agencies 95 — 95 — Obligations of states and political subdivisions 180,222 — 180,222 — U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 83,352 — 83,352 — Private label mortgage and asset backed securities 324,573 — 324,573 — Equity securities 6,649 6,649 — — Total assets measured at fair value on a recurring basis $ 603,845 $ 6,649 $ 597,196 $ — There were no liabilities measured on a recurring basis at March 31, 2024 and December 31, 2023.

Investments

Investments	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at March 31, 2024 and December 31, 2023 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrealized gains and losses (in thousands): March 31, 2024 Available-for-Sale Securities Amortized Cost Gross Unrealized Gains Gross Estimated Fair Value Allowance for Credit Losses Debt securities: U.S. Treasury securities $ 9,990 $ — $ (1,112) $ 8,878 $ — U.S. Government agencies 100 — (8) 92 — Obligations of states and political subdivisions 197,311 — (18,906) 178,405 — U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 86,205 4 (5,411) 80,798 — Private label mortgage and asset backed securities 349,919 7 (44,565) 305,361 — Total available-for-sale $ 643,525 $ 11 $ (70,002) $ 573,534 $ — March 31, 2024 Held-to-Maturity Securities Amortized Cost Gross Unrealized Gains Gross Estimated Fair Value Allowance for Credit Losses Debt securities: Obligations of states and political subdivisions $ 192,099 $ 70 $ (15,964) $ 176,205 $ 14 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 10,841 — (2,010) 8,831 — Private label mortgage and asset backed securities 54,354 — (5,738) 48,616 11 Corporate debt securities 46,112 — (4,871) 41,241 869 Total held-to-maturity $ 303,406 $ 70 $ (28,583) $ 274,893 $ 894 December 31, 2023 Available-for-Sale Securities Amortized Cost Gross Unrealized Gains Gross Allowance for Credit Losses Estimated Debt securities: U.S. Treasury securities $ 9,990 $ — $ (1,036) $ — $ 8,954 U.S. Government agencies 102 — (7) — 95 Obligations of states and political subdivisions 198,070 — (17,848) — 180,222 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 88,874 3 (5,525) — 83,352 Private label mortgage and asset backed securities 372,610 10 (48,047) — 324,573 Total available-for-sale $ 669,646 $ 13 $ (72,463) $ — $ 597,196 December 31, 2023 Held-to-Maturity Securities Amortized Cost Gross Unrealized Gains Gross Estimated Fair Value Allowance for Credit Losses Debt securities: Obligations of states and political subdivisions 192,070 70 (14,188) $ 177,952 $ 20 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 10,758 — (1,692) 9,066 — Private label mortgage and asset backed securities 54,579 — (5,944) 48,635 11 Corporate debt securities 46,086 — (4,736) 41,350 1,020 Total held-to-maturity $ 303,493 $ 70 $ (26,560) $ 277,003 $ 1,051 Proceeds and gross realized gains (losses) from the sales or calls of available-for-sale investment securities for the periods ended March 31, 2024 and 2023 are shown below (in thousands): For the Three Month Available-for-Sale Securities 2024 2023 Proceeds from sales or calls $ 5,700 $ 12,066 Gross realized gains from sales or calls — — Gross realized losses from sales or calls (373) (219) The provision for income taxes includes a $110,000 and $65,000 income tax benefit from security sales for the three months ended March 31, 2024 and 2023. The amortized cost and estimated fair value of available-for-sale and held-to maturity investment securities at March 31, 2024 by contractual maturity is shown below (in thousands). Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. March 31, 2024 December 31, 2023 Available-for-Sale Securities Amortized Cost Estimated Fair Amortized Cost Estimated Fair Within one year $ — $ — $ — $ — After one year through five years 15,662 13,754 9,992 8,954 After five years through ten years 34,482 30,340 40,264 35,379 After ten years 157,157 143,189 157,804 144,843 207,301 187,283 208,060 189,176 Investment securities not due at a single maturity date: U.S. Government agencies 100 92 102 95 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 86,205 80,798 88,874 83,352 Private label mortgage and asset backed securities 349,919 305,361 372,610 324,573 Total available-for-sale $ 643,525 $ 573,534 $ 669,646 $ 597,196 March 31, 2024 December 31, 2023 Held-to-Maturity Securities Amortized Cost Estimated Fair Amortized Cost Estimated Fair Within one year $ — $ — $ — $ — After one year through five years 8,492 8,142 8,463 8,136 After five years through ten years 74,868 68,489 74,746 68,552 After ten years 108,739 99,574 108,861 101,264 192,099 176,205 192,070 177,952 Investment securities not due at a single maturity date: U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 10,841 8,831 10,758 9,066 Private label mortgage and asset backed securities 54,354 48,616 54,579 48,635 Corporate debt securities 46,112 41,241 46,086 41,350 Total held-to-maturity $ 303,406 $ 274,893 $ 303,493 $ 277,003 At March 31, 2024 there were five issuers of private label mortgage securities in which the Company had holdings of securities in amounts greater than 10% of shareholders’ equity. Investments with these issuers were in senior tranches and/or were rated “AAA” or higher and there were no credit issues identified. The following table summarizes the Company’s AFS debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands): March 31, 2024 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale Securities Value Losses Value Losses Value Losses Debt securities: U.S. Treasury securities $ — $ — $ 8,878 $ (1,112) $ 8,878 $ (1,112) U.S. Government agencies — — 92 (8) 92 (8) Obligations of states and political subdivisions — — 178,405 (18,906) 178,405 (18,906) U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 375 (7) 80,225 (5,404) 80,600 (5,411) Private label mortgage and asset backed securities 856 (8) 304,451 (44,557) 305,307 (44,565) Total available-for-sale $ 1,231 $ (15) $ 572,051 $ (69,987) $ 573,282 $ (70,002) December 31, 2023 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale Securities Value Losses Value Losses Value Losses Debt securities: U.S. Treasury securities $ — $ — $ 8,954 $ (1,036) $ 8,954 $ (1,036) U.S. Government agencies — — 95 (7) 95 (7) Obligations of states and political subdivisions — — 180,222 (17,848) 180,222 (17,848) U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 392 (3) 82,760 (5,522) 83,152 (5,525) Private label mortgage and asset backed securities — — 323,655 (48,047) 323,655 (48,047) Total available-for-sale $ 392 $ (3) $ 595,686 $ (72,460) $ 596,078 $ (72,463) As of March 31, 2024, the Company had a total of 173 AFS debt securities in a gross unrealized loss position with no credit impairment, consisting of 6 U.S. Treasury securities and U.S. Government agencies, 43 obligations of states and political subdivisions, 48 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations, and 76 private label mortgage and asset backed securities. Allowance for Credit Losses on Available-for-Sale Debt Securities Each reporting period, the Company assesses each AFS debt security that is in an unrealized loss position to determine whether the decline in fair value below the amortized cost basis results from a credit loss or other factors. The Company did not record an ACL on any available for sale securities at March 31, 2024. As of that date, the Company considers the unrealized losses across the classes of major security-type to be related to fluctuations in market conditions, primarily interest rates, and not reflective of a deterioration in credit value. As of March 31, 2024, the Company determined that it is not more likely than not that there is an intention to sell securities or that the Company would be required to sell securities. The gross unrealized losses presented in the preceding tables were primarily attributable to interest rate increases and liquidity and were mainly comprised of the following: • Obligations of States and Political Subdivisions: The unrealized losses on investments in obligations of states and political subdivisions are caused by increases in required yields by investors in these types of securities. It is expected that the securities would not be settled at a price less than the amortized cost of the investment. • U.S. Treasury and Government Sponsored Entities and Agencies Collateralized by Residential Mortgage Obligations: The unrealized losses on the Company’s investments in U.S. treasuries and government sponsored entities and agencies collateralized by residential mortgage obligations were caused by interest rate changes. The contractual cash flows of those investments are guaranteed or supported by an agency or sponsored entity of the U.S. Government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost of the Company’s investment. • Private Label Mortgage and Asset Backed Securities: The Company has invested exclusively in AA and AAA tranches of various private label mortgage and asset backed securities. Each purchase is subject to a credit and structure review prior to their purchase. Ratings are reviewed on a quarterly basis in addition to other metrics provided through third-party services. Following review of the financial metrics and ratings, management concluded that the unrealized loss position of the private label mortgage and asset backed securities related exclusively to the fluctuation in market conditions and were not reflective of any credit concerns with the tranches comprising the Company’s investments. No allowance for credit losses have been recognized on AFS debt securities in an unrealized loss position, as management does not believe that any of the securities are impaired due to credit risk factors as of March 31, 2024 and December 31, 2023. Allowance for Credit Losses on Held-to-Maturity Debt Securities The Company separately evaluates its HTM debt securities for any credit losses based on probability of default and loss given default utilizing historical industry data based on investment category, while also considering reasonable and supportable forecasts. The probability of default and loss given default are incorporated into the present value of expected cash flows and compared against amortized cost. The allowance for credit losses on HTM securities was $894,000 at March 31, 2024. The allowance for credit losses on HTM securities is driven by economic scenarios, estimated probabilities of default and loss given default. Economic scenarios are updated quarterly. The following table shows the summary of activities for the allowance for credit losses related to held-to-maturity debt securities for the three months ended March 31, 2024 and 2023 (in thousands): For the Three Months Ended March 31, Debt Securities Held-to-Maturity 2024 2023 Beginning ACL balance $ 1,051 $ — Impact of adoption of ASU 2016-13 — 776 Credit to credit losses (157) (92) Total Ending ACL balance $ 894 $ 684 During the three month period ended March 31, 2024, the credit to credit losses for held-to-maturity securities was primarily driven by improving economic scenarios and improvements in the probabilities of loss given default. Management believes that the allowance for credit losses for held-to-maturity securities at March 31, 2024 appropriately reflected expected credit losses at that date. The Company monitors credit quality of debt securities held-to-maturity through the use of credit ratings. The Company monitors the credit ratings on a quarterly basis. For non-rated investment securities, management receives quarterly performance updates to monitor for any credit concerns. There were no HTM securities on nonaccrual or past due over 89 days and still on accrual. The following table summarizes the amortized cost of debt securities held-to-maturity at the dates indicated, aggregated by credit quality indicator. U.S. Government sponsored agencies are not included in the below tables as credit ratings are not applicable. March 31, 2024 Debt Securities Held-to-Maturity (in thousands) AAA/AA/A BBB Unrated Obligations of states and political subdivisions $ 192,099 $ — $ — Private label mortgage and asset backed securities 46,316 — 8,038 Corporate debt securities — 30,182 15,930 Total debt securities held-to-maturity $ 238,415 $ 30,182 $ 23,968

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Loans and Allowance for Credit Losses	Loans and Allowance for Credit Losses on Loans The majority of the disclosures in this footnote are prepared at the class level, which is equivalent to the call report or call code classification. The roll forward of the allowance for credit losses is presented at the portfolio segment level. Accrued interest receivable on loans of $4,752,000 and $4,512,000 at March 31, 2024 and December 31, 2023 respectively is not included in the loan tables below and is included in other assets on the Company’s balance sheets. Outstanding loans are summarized by class as follows: Loan Type (Dollars in thousands) March 31, 2024 December 31, 2023 Commercial: Commercial and industrial $ 86,918 $ 105,466 Agricultural production 24,982 33,556 Total commercial 111,900 139,022 Real estate: Construction & other land loans 28,350 33,472 Commercial real estate - owner occupied 209,777 215,146 Commercial real estate - non-owner occupied 560,492 539,522 Farmland 117,015 120,674 Multi-family residential 61,993 61,307 1-4 family - close-ended 95,575 96,558 1-4 family - revolving 29,442 27,648 Total real estate 1,102,644 1,094,327 Consumer 69,886 55,606 Total gross loans 1,284,430 1,288,955 Net deferred origination costs 2,179 1,842 Loans, net of deferred origination costs 1,286,609 1,290,797 Allowance for credit losses (14,658) (14,653) Total loans, net $ 1,271,951 $ 1,276,144 At March 31, 2024 and December 31, 2023, loans originated under Small Business Administration (SBA) programs totaling $17,435,000 and $18,246,000, respectively, were included in the real estate and commercial categories, of which, $13,343,000 or 77% and $13,955,000 or 76%, respectively, are secured by government guarantees. Allowance for Credit Losses on Loans The measurement of the allowance for credit losses on collectively evaluated loans is based on modeled expectations of lifetime expected credit losses utilizing national and local peer group historical losses, weighting of economic scenarios, and other relevant factors. The Company incorporates forward-looking information using macroeconomic scenarios, which include variables that are considered key drivers of credit losses within the portfolio. The Company uses a probability-weighted, multiple scenario forecast approach. These scenarios may consist of a base forecast representing the most likely outcome, combined with downside or upside scenarios reflecting possible worsening or improving economic conditions. When a loan no longer shares similar risk characteristics with other loans, such as in the case of certain nonaccrual loans, the Company estimates the allowance for credit losses on an individual loan basis. There were no loans on nonaccrual or individually evaluated as of March 31, 2024 or December 31, 2023. The following table shows the summary of activities for the allowance for credit losses for the three months ended March 31, 2024 and 2023 by portfolio segment (in thousands): Commercial Commercial Real Estate 1-4 Family Real Estate Consumer Total Allowance for credit losses: Beginning balance, January 1, 2024 $ 1,475 $ 9,792 $ 2,435 $ 951 $ 14,653 Provision (credit) for credit losses (1) 9 474 (246) 293 530 Charge-offs (507) — — (68) (575) Recoveries — 24 — 26 50 Ending balance, March 31, 2024 $ 977 $ 10,290 $ 2,189 $ 1,202 $ 14,658 (1) Represents credit losses for loans only. The provision for credit losses on the Consolidated Statements of Income of $575 includes a $(157) credit for held-to-maturity securities and a $202 provision for unfunded loan commitments. Commercial Commercial Real Estate 1-4 Family Real Estate Consumer Unallocated Total Allowance for credit losses: Beginning balance, January 1, 2023 prior to adoption of ASU 2016-13 (CECL) $ 1,814 $ 7,803 $ 607 $ 284 $ 340 $ 10,848 Impact of adoption of ASU 2016-13 454 1,693 1,614 489 (340) 3,910 (Credit) provision for credit losses (1) (240) 569 64 125 — 518 Charge-offs (322) 0 — — (32) — (354) Recoveries 322 — — 13 — 335 Ending balance, March 31, 2023 $ 2,028 $ 10,065 $ 2,285 $ 879 $ — $ 15,257 (1) Represents credit losses for loans only. The provision for credit losses on the Consolidated Statements of Income of $633 includes a $(92) credit for held-to-maturity securities and a $207 provision for unfunded loan commitments. During the three month period ended March 31, 2024, the provision for credit losses was primarily driven by loan growth and net charge-off activity. Management believes that the allowance for credit losses at March 31, 2024 appropriately reflected expected credit losses in the loan portfolio at that date. The following table shows the loan portfolio by class, net of deferred costs, allocated by management’s internal risk ratings for the period indicated (in thousands): Term Loans Amortized Cost Basis by Origination Year As of March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Converted to Term Total Commercial and industrial Pass/Watch $ 6,847 $ 13,049 $ 16,576 $ 15,760 $ 4,591 $ 7,701 $ 20,931 $ — $ 85,455 Special mention — — 260 — — 267 1,150 — 1,677 Substandard — — — — — 121 — — 121 Total $ 6,847 $ 13,049 $ 16,836 $ 15,760 $ 4,591 $ 8,089 $ 22,081 $ — $ 87,253 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Agricultural production Pass/Watch $ — $ 202 $ 21 $ 12 $ — $ 241 $ 24,224 $ — $ 24,700 Special mention — — — — — — — — — Substandard — — — — — — 300 — 300 Total $ — $ 202 $ 21 $ 12 $ — $ 241 $ 24,524 $ — $ 25,000 Current period gross write-offs $ — $ — $ 507 $ — $ — $ — $ — $ — $ 507 Construction & other land loans Pass/Watch $ 122 $ 8,421 $ 12,658 $ 1,636 $ 701 $ 3,186 $ 1,432 $ — $ 28,156 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ 122 $ 8,421 $ 12,658 $ 1,636 $ 701 $ 3,186 $ 1,432 $ — $ 28,156 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - owner occupied Pass/Watch $ 9,976 $ 18,594 $ 24,851 $ 20,602 $ 27,074 $ 99,863 $ 2,884 $ — $ 203,844 Special mention — — — — — 3,008 — — 3,008 Substandard — — — — — 2,812 — — 2,812 Total $ 9,976 $ 18,594 $ 24,851 $ 20,602 $ 27,074 $ 105,683 $ 2,884 $ — $ 209,664 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - non-owner occupied Pass/Watch $ 20,796 $ 83,043 $ 117,220 $ 76,818 $ 49,885 $ 178,888 $ 18,467 $ 125 $ 545,242 Special mention — — 597 — — 313 — — 910 Substandard — — — — — 13,617 — — 13,617 Total $ 20,796 $ 83,043 $ 117,817 $ 76,818 $ 49,885 $ 192,818 $ 18,467 $ 125 $ 559,769 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass/Watch $ 700 $ 8,428 $ 24,321 $ 12,520 $ 29,067 $ 32,358 $ 4,596 $ 2,962 $ 114,952 Special mention — — — — — — — — — Substandard — — — — 2,029 — — — 2,029 Total $ 700 $ 8,428 $ 24,321 $ 12,520 $ 31,096 $ 32,358 $ 4,596 $ 2,962 $ 116,981 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential Pass/Watch $ 819 $ 2,983 $ 1,836 $ 38,580 $ 2,347 $ 14,829 $ 621 $ — $ 62,015 Special mention — — — — — — — — — Substandard — — — — — — — — Total $ 819 $ 2,983 $ 1,836 $ 38,580 $ 2,347 $ 14,829 $ 621 $ — $ 62,015 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family - close-ended Pass/Watch $ 350 $ 1,678 $ 63,038 $ 7,346 $ 2,209 $ 20,226 $ 10 $ 809 $ 95,666 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ 350 $ 1,678 $ 63,038 $ 7,346 $ 2,209 $ 20,226 $ 10 $ 809 $ 95,666 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family - revolving Pass/Watch $ — $ — $ — $ — $ — $ — $ 23,616 $ 6,059 $ 29,675 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 23,616 $ 6,059 $ 29,675 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Pass/Watch $ 18,178 $ 31,241 $ 7,763 $ 5,999 $ 2,090 $ 6,463 $ 603 $ 4 $ 72,341 Special mention — — — — — — — — — Substandard — — — 89 — — — — 89 Total $ 18,178 $ 31,241 $ 7,763 $ 6,088 $ 2,090 $ 6,463 $ 603 $ 4 $ 72,430 Current period gross write-offs $ 7 $ — $ 60 $ — $ — $ — $ 1 $ — $ 68 Total loans outstanding (risk rating): Pass/Watch $ 57,788 $ 167,639 $ 268,284 $ 179,273 $ 117,964 $ 363,755 $ 97,384 $ 9,959 $ 1,262,046 Special mention — — 857 — — 3,588 1,150 — 5,595 Substandard — — — 89 2,029 16,550 300 — 18,968 Grand Total $ 57,788 $ 167,639 $ 269,141 $ 179,362 $ 119,993 $ 383,893 $ 98,834 $ 9,959 $ 1,286,609 Current period total gross write-offs $ 7 $ — $ 567 $ — $ — $ — $ 1 $ — $ 575 The following table shows the loan portfolio by class, net of deferred costs, allocated by management’s internal risk ratings for the period indicated (in thousands): Term Loans Amortized Cost Basis by Origination Year As of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Converted to Term Total Commercial and industrial Pass/Watch $ 19,886 $ 17,129 $ 21,050 $ 4,643 $ 1,561 $ 6,980 $ 29,391 $ 215 $ 100,855 Special mention — 277 139 183 107 272 3,750 — 4,728 Substandard — — — 156 — 66 — — 222 Total $ 19,886 $ 17,406 $ 21,189 $ 4,982 $ 1,668 $ 7,318 $ 33,141 $ 215 $ 105,805 Current period gross write-offs $ 241 $ — $ 323 $ — $ — $ — $ — $ — $ 564 Agricultural production Pass/Watch $ 153 $ 830 $ 14 $ — $ 251 $ 112 $ 30,241 $ 999 $ 32,600 Special mention — — — — — — — — — Substandard — 676 — — — — 300 — 976 Total $ 153 $ 1,506 $ 14 $ — $ 251 $ 112 $ 30,541 $ 999 $ 33,576 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction & other land loans Pass/Watch $ 6,953 $ 15,593 $ 1,305 $ 701 $ 1,538 $ 3,039 $ 4,167 $ — $ 33,296 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ 6,953 $ 15,593 $ 1,305 $ 701 $ 1,538 $ 3,039 $ 4,167 $ — $ 33,296 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - owner occupied Pass/Watch $ 20,648 $ 25,132 $ 20,783 $ 39,356 $ 21,831 $ 80,384 $ 3,207 $ — $ 211,341 Special mention — — — — — 3,026 272 — 3,298 Substandard — — — — — 497 — — 497 Total $ 20,648 $ 25,132 $ 20,783 $ 39,356 $ 21,831 $ 83,907 $ 3,479 $ — $ 215,136 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - non-owner occupied Pass/Watch $ 81,153 $ 115,031 $ 77,375 $ 38,307 $ 12,181 $ 175,419 $ 19,218 $ 3,216 $ 521,900 Special mention — 600 — — — 374 — — 974 Substandard — — — — 13,625 2,344 — — 15,969 Total $ 81,153 $ 115,631 $ 77,375 $ 38,307 $ 25,806 $ 178,137 $ 19,218 $ 3,216 $ 538,843 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass/Watch $ 8,382 $ 24,063 $ 10,873 $ 29,770 $ 11,155 $ 23,324 $ 8,695 $ 1,955 $ 118,217 Special mention — — — — — — — — — Substandard — — — 2,213 — 200 — — 2,413 Total $ 8,382 $ 24,063 $ 10,873 $ 31,983 $ 11,155 $ 23,524 $ 8,695 $ 1,955 $ 120,630 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential Pass/Watch $ 2,988 $ 1,847 $ 38,644 $ 2,364 $ 4,538 $ 10,417 $ 532 $ — $ 61,330 Special mention — — — — — — — — — Substandard — — — — — — — — Total $ 2,988 $ 1,847 $ 38,644 $ 2,364 $ 4,538 $ 10,417 $ 532 $ — $ 61,330 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family - close-ended Pass/Watch $ 1,689 $ 64,056 $ 7,898 $ 2,259 $ 1,703 $ 18,237 $ — $ 809 $ 96,651 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ 1,689 $ 64,056 $ 7,898 $ 2,259 $ 1,703 $ 18,237 $ — $ 809 $ 96,651 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family - revolving Pass/Watch $ — $ — $ — $ — $ — $ — $ 21,662 $ 6,213 $ 27,875 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 21,662 $ 6,213 $ 27,875 Current period gross write-offs $ 75 $ — $ — $ — $ — $ — $ — $ — $ 75 Consumer Pass/Watch $ 34,866 $ 8,745 $ 6,503 $ 2,265 $ 2,007 $ 2,398 $ 643 $ 4 $ 57,431 Special mention — — — — — — — — — Substandard 182 — 42 — — — — — 224 Total $ 35,048 $ 8,745 $ 6,545 $ 2,265 $ 2,007 $ 2,398 $ 643 $ 4 $ 57,655 Current period gross write-offs $ 23 $ — $ — $ — $ 27 $ — $ — $ — $ 50 Total loans outstanding (risk rating): Pass/Watch $ 176,718 $ 272,426 $ 184,445 $ 119,665 $ 56,765 $ 320,310 $ 117,756 $ 13,411 $ 1,261,496 Special mention — 877 139 183 107 3,672 4,022 — 9,000 Substandard 182 676 42 2,369 13,625 3,107 300 — 20,301 Grand Total $ 176,900 $ 273,979 $ 184,626 $ 122,217 $ 70,497 $ 327,089 $ 122,078 $ 13,411 $ 1,290,797 Current period total gross write-offs $ 339 $ — $ 323 $ — $ 27 $ — $ — $ — $ 689 The following table shows an aging analysis of the loan portfolio by class at March 31, 2024 (in thousands): 30-59 Days 60-89 Greater Than 89 Days Past Due Total Past Current Total Loans Past Due > 89 Days, Still Accruing Non-accrual Commercial: Commercial and industrial $ 425 $ — $ — $ 425 $ 86,493 $ 86,918 $ — $ — Agricultural production 300 — — 300 24,682 24,982 — — Real estate: — Construction & other land loans — — — — 28,350 28,350 — — Commercial real estate - owner occupied — — — — 209,777 209,777 — — Commercial real estate - non-owner occupied — — — — 560,492 560,492 — — Farmland — — — — 117,015 117,015 — — Multi-family residential — — — — 61,993 61,993 — — 1-4 family - close-ended 1,945 — — 1,945 93,630 95,575 — — 1-4 family - revolving 16 — — 16 29,426 29,442 — — Consumer 68 — — 68 69,818 69,886 — — Deferred fees — — — — $ 2,179 2,179 — — Total $ 2,754 $ — $ — $ 2,754 $ 1,283,855 $ 1,286,609 $ — $ — The following table shows an aging analysis of the loan portfolio by class at December 31, 2023 (in thousands): 30-59 Days 60-89 Greater Total Past Current Total Loans Past Due > 89 Days, Still Accruing Non- Commercial: Commercial and industrial $ 25 $ — $ — $ 25 $ 105,441 $ 105,466 $ — $ — Agricultural production 507 — — 507 33,049 33,556 — — Real estate: — Construction & other land loans — — — — 33,472 33,472 — — Commercial real estate - owner occupied — — — — 215,146 215,146 — — Commercial real estate - non-owner occupied — — — — 539,522 539,522 — — Farmland — — — — 120,674 120,674 — — Multi-family residential — — — — 61,307 61,307 — — 1-4 family - close-ended 2,973 — — 2,973 93,585 96,558 — — 1-4 family - revolving — — — — 27,648 27,648 — — Consumer 169 68 — 237 55,369 55,606 — — Deferred fees — — — — 1,842 1,842 — — Total $ 3,674 $ 68 $ — $ 3,742 $ 1,287,055 $ 1,290,797 $ — $ — As of March 31, 2024 and December 31, 2023 there were no collateral dependent loans. There was no foregone interest on nonaccrual loans for the three month periods ended March 31, 2024 and 2023. Occasionally, the Company modifies loans to borrowers in financial distress by providing reductions of the stated interest rate of the loan or an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. There were no loan modifications granted to borrowers experiencing financial difficulty during the three month period ended March 31, 2024 or during 2023.

Borrowing Arrangements

Borrowing Arrangements	3 Months Ended
	Mar. 31, 2024
Banking and Thrift, Other Disclosure [Abstract]
Borrowing Arrangements	Borrowing Arrangements Lines of Credit - The Company had unsecured lines of credit with its correspondent banks which, in the aggregate, amounted to $110,000,000 at March 31, 2024 and December 31, 2023, respectively, at interest rates which vary with market conditions. As of March 31, 2024 and December 31, 2023, the Company had no advances with correspondent banks. Federal Home Loan Bank Advances - As of March 31, 2024, the Company had a $22,000,000 Federal Home Loan Bank (“FHLB”) of San Francisco advance with an interest rate of 5.60%, as compared to a $35,000,000 advance with an interest rate of 5.70% at December 31, 2023. Approximately $623,375,000 in loans were pledged under a blanket lien as collateral to the FHLB for the Company’s remaining borrowing capacity of $342,668,000 as of March 31, 2024. FHLB advances are also secured by investment securities with amortized costs totaling $22,385,000 and $22,315,000 and market values totaling $29,822,000 and $29,727,000 at March 31, 2024 and December 31, 2023, respectively. The Company’s credit limit varies according to the amount and composition of the investment and loan portfolios pledged as collateral. The advances as of March 31, 2024 and December 31, 2023 were overnight advances maturing the following business day. Federal Reserve Line of Credit and Bank Term Funding Program - The Company has a line of credit in the amount of $4,069,000 and $4,448,000 with the Federal Reserve Bank of San Francisco (FRB) at March 31, 2024 and December 31, 2023, respectively, which bears interest at the prevailing discount rate collateralized by investment securities with amortized costs totaling $4,820,000 and $4,894,000 and market values totaling $4,230,000 and $4,374,000, respectively. The Company participated in the Bank Term Funding Program (BTFP) which offered loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging any collateral eligible for purchase by the Federal Reserve Banks in open market operations such as U.S. Treasuries, U.S. agency securities, and U.S. agency mortgage-backed securities. New loan activity under this program ended March 11, 2024. At March 31, 2024 and December 31, 2023, the Company had $45,000,000 as short-term loans outstanding with the FRB under the Bank Term Funding Program at an interest rate of 4.81%. As of March 31, 2024 and December 31, 2023 the Company had $45,171,000 and $46,174,000, respectively, in securities pledged to the program. The following table reflects the Company’s credit lines, balances outstanding, and pledged collateral at March 31, 2024 and December 31, 2023: Credit Lines (In thousands) March 31, 2024 December 31, 2023 Unsecured Credit Lines Credit limit $ 110,000 $ 110,000 Balance outstanding $ — $ — Federal Home Loan Bank Credit limit $ 342,668 $ 342,483 Balance outstanding $ 22,000 $ 35,000 Collateral pledged $ 645,760 $ 612,702 Fair value of collateral $ 533,790 $ 500,972 Federal Reserve Bank Term Loan Funding Program Credit limit $ — $ 46,174 Balance outstanding $ 45,000 $ 45,000 Collateral pledged $ 47,975 $ 53,650 Fair value of collateral $ 43,858 $ 47,603 Federal Reserve Bank Credit limit $ 4,069 $ 4,448 Balance outstanding $ — $ — Collateral pledged $ 4,820 $ 4,894 Fair value of collateral $ 4,230 $ 4,374

Junior Subordinated Deferrable

Junior Subordinated Deferrable Interest Debentures	3 Months Ended
	Mar. 31, 2024
Broker-Dealer [Abstract]
Junior Subordinated Deferrable Interest Debentures	Subordinated Debentures The following table summarizes the Company’s long-term debt: (Dollars in thousands) March 31, 2024 December 31, 2023 Fixed - floating rate subordinated debentures, due 2031 $ 35,000 $ 35,000 Unamortized debt issuance costs (375) (411) Floating rate senior debt bank loan, due 2032 30,000 30,000 Junior subordinated deferrable interest debentures, due October 2036 5,155 5,155 Total subordinated debentures $ 69,780 $ 69,744 Subordinated Debentures On November 12, 2021, the Company completed a private placement of $35,000,000 aggregate principal amount of its fixed-to-floating rate subordinated notes (“Subordinated Debt”) due December 1, 2031. The Subordinated Debt initially bears a fixed interest rate of 3.125% per year. Commencing on December 1, 2026, the interest rate on the Subordinated Debt will reset each quarter at a floating interest rate equal to the then-current three month term SOFR plus 2.10%. The Company may at its option redeem in whole or in part the Subordinated Debt on or after November 12, 2026 without a premium. The Subordinated Debt is treated as Tier 2 Capital for regulatory purposes. Interest expense recognized by the Company for the Subordinated Debentures for the three months ended March 31, 2024 and 2023 was $310,000. Senior Debt On September 15, 2022, the Company entered into a $30,000,000 loan agreement with Bell Bank. Initially, payments of interest only are payable in 12 quarterly payments commencing December 31, 2022. Commencing December 31, 2025, 27 equal quarterly principal and interest payments are payable based on the outstanding balance of the loan on August 30, 2025 and an amortization of 48 quarters. A final payment of outstanding principal and accrued interest is due at maturity on September 30, 2032. Variable interest is payable at the Prime Rate (published by the Wall Street Journal) less 50 basis points. The loan is secured by the assets of the Company and a pledge of the outstanding common stock of Central Valley Community Bank, the Company’s banking subsidiary. The Company may prepay the loan without penalty with one exception. If the loan is prepaid prior to August 30, 2025 with funds received from a financing source other than Bell Bank, the Company will incur a 2% prepayment penalty. The loan contains customary representations, covenants, and events of default. Interest expense recognized by the Company for the Senior Debt for the three months ended March 31, 2024 and 2023 was $511,000 and $506,000, respectively. Junior Subordinated Debentures Service 1st Capital Trust I is a Delaware business trust formed by Service 1st. The Company succeeded to all of the rights and obligations of Service 1st in connection with the merger with Service 1st as of November 12, 2008. The Trust was formed on August 17, 2006 for the sole purpose of issuing trust preferred securities fully and unconditionally guaranteed by Service 1 st . Under applicable regulatory guidance, the amount of trust preferred securities that is eligible as Tier 1 capital is limited to 25% of the Company’s Tier 1 capital on a pro forma basis. At March 31, 2024, all of the trust preferred securities that have been issued qualify as Tier 1 capital. The trust preferred securities mature on October 7, 2036, are redeemable at the Company’s option, and require quarterly distributions by the Trust to the holder of the trust preferred securities at a variable interest rate which will adjust quarterly to equal the three month SOFR plus 1.60%. The Trust used the proceeds from the sale of the trust preferred securities to purchase approximately $5,155,000 in aggregate principal amount of Service 1 st ’s junior subordinated notes (the Notes). The Notes bear interest at the same variable interest rate during the same quarterly periods as the trust preferred securities. The Notes are redeemable by the Company on any January 7, April 7, July 7, or October 7 or at any time within 90 days following the occurrence of certain events, such as: (i) a change in the regulatory capital treatment of the Notes (ii) in the event the Trust is deemed an investment company or (iii) upon the occurrence of certain adverse tax events. In each such case, the Company may redeem the Notes for their aggregate principal amount, plus any accrued but unpaid interest. The Notes may be declared immediately due and payable at the election of the trustee or holders of 25% of the aggregate principal amount of outstanding Notes in the event that the Company defaults in the payment of any interest following the nonpayment of any such interest for 20 or more consecutive quarterly periods. Holders of the trust preferred securities are entitled to a cumulative cash distribution on the liquidation amount of $1,000 per security. For each January 7, April 7, July 7 or October 7 of each year, the rate will be adjusted to equal the three month SOFR plus 1.60%. As of March 31, 2024, the rate was 7.18%. Interest expense recognized by the Company for the three months ended March 31, 2024 and 2023 was $94,000 and $81,000, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Financial Instruments with Off-Balance-Sheet Risk - In the normal course of business, the Company is a party to financial instruments with off-balance sheet risk. These financial instruments include commitments to extend credit and standby letters of credit . These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. The contract or notional amounts of these instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for loans. Commitments to extend credit amounting to $313,729,000 and $276,270,000 were outstanding at March 31, 2024 and December 31, 2023, respectively. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract unless waived by the Bank. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Included in commitments to extend credit are undisbursed lines of credit totaling $311,394,000 and $274,282,000 at March 31, 2024 and December 31, 2023, respectively. Undisbursed lines of credit include credits whereby customers can repay principal and request principal advances during the term of the loan at their discretion and most expire between one Included in undisbursed lines of credit are commitments for the undisbursed portions of construction loans totaling $56,286,000 and $45,116,000 as of March 31, 2024 and December 31, 2023, respectively. These commitments are agreements to lend to customers, subject to meeting certain construction progress requirements established in the contracts. The underlying construction loans have fixed expiration dates. Standby letters of credit and financial guarantees amounting to $2,335,000 and $1,988,000 were outstanding at March 31, 2024 and December 31, 2023, respectively. Standby letters of credit and financial guarantees 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 private financial arrangements. Standby letters of credit and guarantees carry a one year term or less, many have auto-renewal features. The fair value of the liability related to these standby letters of credit, which represents the fees received for their issuance, was not significant at March 31, 2024 or December 31, 2023. The Company recognizes these fees as revenue over the term of the commitment or when the commitment is used. The Company generally requires collateral or other security to support financial instruments with credit risk. Management does not anticipate any material loss will result from the outstanding commitments to extend credit, standby letters of credit and financial guarantees. At March 31, 2024 and December 31, 2023, the allowance for credit losses of unfunded commitments was $1,041,000 and $839,000, respectively. The allowance for credit losses of unfunded commitments is calculated by management using an appropriate, systematic, and consistently applied process. While related to credit losses, this allocation is not a part of the allowance for credit losses on loans and is considered separately as a liability for accounting and regulatory reporting purposes, and is included in Other Liabilities on the Company’s balance sheet. The Company is subject to legal proceedings and claims which arise in the ordinary course of business. In the opinion of management, the amount of ultimate liability with respect to such actions will not materially affect the consolidated financial position or consolidated results of operations of the Company.

Other Income and Expenses

Other Income and Expenses	3 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure	Other Income and Expense The following table shows significant components of other non-interest income for the periods indicated: For the Three Months (Dollars in thousands) 2024 2023 Interchange Fees $ 405 $ 446 Appreciation in cash surrender value of bank owned life insurance 275 249 Loan placement fees 166 124 Federal Home Loan Bank dividends 157 109 Other 622 479 Total other non-interest income $ 1,625 $ 1,407 The following table shows significant components of other non-interest expense for the periods indicated: For the Three Months (Dollars in thousands) 2024 2023 Information technology $ 1,021 $ 847 Data processing expense 685 650 Professional Services 625 353 Acquisition and merger expenses 383 — Regulatory assessments 322 210 ATM/Debit card expenses 214 184 Directors’ expenses 169 163 Advertising 151 125 Personnel other 131 259 Loan related expenses 92 147 Other 1,359 975 Total other non-interest expense $ 5,152 $ 3,913

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share (EPS), which excludes dilution, is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options or restricted stock awards, result in the issuance of common stock which shares in the earnings of the Company. A reconciliation of the numerators and denominators of the basic and diluted EPS computations is as follows: Basic Earnings Per Share For the Three Months (In thousands, except share and per share amounts) 2024 2023 Net income $ 3,676 $ 6,970 Weighted average shares outstanding 11,750,528 11,703,813 Basic earnings per share $ 0.31 $ 0.60 Diluted Earnings Per Share For the Three Months (In thousands, except share and per share amounts) 2024 2023 Net income $ 3,676 $ 6,970 Weighted average shares outstanding 11,750,528 11,703,813 Effect of diluted stock options and restricted stock 39,703 27,322 Weighted average shares of common stock and common stock equivalents 11,790,231 11,731,135 Diluted earnings per share $ 0.31 $ 0.59 There were no outstanding options at March 31, 2024 or 2023. Holders of unvested restricted stock accrue dividends at the same rate as common shareholders and they both share equally in undistributed earnings. Unvested restricted stock awards that are time-based contain non-forfeitable rights to dividends or dividend equivalents and are considered to be participating securities in the earnings per share computation using the two-class method. Under the two-class method, earnings are allocated to common shareholder and participating securities according to their respective rights to earnings. Unvested stock awards that vest based on performance or market conditions are not considered to be participating securities in the earnings per share calculation because accrued dividends on shares that do not vest are forfeited.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation In May 2015, the Company adopted the Central Valley Community Bancorp 2015 Omnibus Incentive Plan (2015 Plan). The plan provides for awards in the form of stock options, stock appreciation rights, and restricted stock. The plan also allows for performance awards that may be in the form of cash or shares of the Company’s common stock. With respect to stock options and restricted stock the exercise price in the case of stock options and the grant value in the case of restricted stock may not be less than the fair market value at the date of the award. The options and awards under the plan expire on dates determined by the Board of Directors, but not later than ten years from the date of grant. The vesting period for stock options and restricted stock rights is determined by the Board of Directors and ranges one to five five years. The maximum number of shares that can be issued with respect to all awards under the plan is 875,000. Currently under the 2015 Plan, 603,077 shares remain reserved for future grants as of March 31, 2024. Share-based compensation cost recognized for the 2015 Plan plans was $181,000 and $361,000 for the three months ended March 31, 2024 and 2023, respectively. There was no recognized tax benefit for share-based compensation expense, forfeitures of restricted stock, and exercise of stock options for the three months ended March 31, 2024 and 2023, respectively. Restricted Stock and Common Stock Awards The 2015 Plan provides for the issuance of restricted common stock to directors and officers and common stock awards based on the achievement of performance goals as determined by the Board of Directors or in accordance with executive employment agreements. Restricted common stock grants typically vest over a one The shares awarded to employees and directors under the restricted stock agreements vest on applicable vesting dates only to the extent the recipient of the shares is then an employee or a director of the Company or one of its subsidiaries, and each recipient will forfeit all of the shares that have not vested on the date his or her employment or service is terminated. Common stock awards for performance vest immediately. Holders of restricted stock awards receive non-forfeitable dividends at the same rate as common stockholders and they both share equally in undistributed earnings. Therefore, under the two-class method the difference in EPS is not significant for these participating securities. The following table summarizes restricted stock activity for the quarter ended March 31, 2024 as follows: Shares Weighted Average Nonvested outstanding shares at December 31, 2023 75,133 $ 15.65 Granted 9,575 $ 19.78 Vested (2,271) $ 23.45 Forfeited — $ — Nonvested outstanding shares at March 31, 2024 82,437 $ 15.92

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Accounting	The interim unaudited condensed consolidated financial statements of Community West Bancshares and subsidiary have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). These interim condensed consolidated financial statements include the accounts of Community West Bancshares and its wholly owned subsidiary Community West Bank (the Bank) (collectively, the Company). All significant intercompany accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been omitted. The Company believes that the disclosures are adequate to make the information presented not misleading. These interim unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s 2023 Annual Report to Shareholders on Form 10-K. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Company’s financial position at March 31, 2024, and the results of its operations and its cash flows for the three month interim periods ended March 31, 2024 and 2023 have been included. The results of operations for interim periods are not necessarily indicative of results for the full year. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 855, “Subsequent Events,” the Company’s management has evaluated subsequent events for potential recognition or disclosure through the date of the issuance of these condensed consolidated financial statements. On April 1, 2024, the Company, formerly named Central Valley Community Bancorp, completed the acquisition of Community West Bancshares. Refer to Note 2 - Business Combinations for further discussion of this transaction. Use of Estimates in the Preparation of Financial Statements The preparation of these interim unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Segment Reporting	Management has determined that since all of the banking products and services offered by the Company are available in each branch of the Bank, all branches are located within the same economic environment, and management does not allocate resources based on the performance of different lending or transaction activities, it is appropriate to aggregate the Bank branches and report them as a single operating segment.
Concentration of Credit Risk	No customer accounts for more than 10 percent of revenues for the Company or the Bank.
Impact of New Financial Accounting Standards	Certain reclassifications have been made to prior year financial statements to conform to the classifications used in 2024. None of the reclassifications had an impact on equity or net income. Recently Issued or Adopted Accounting Pronouncements FASB issued ASU 2023-09, Improvements to Income Tax Disclosures. This ASU was issued to enhance the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. This ASU is effective for fiscal years beginning after December 15, 2024. The adoption of this accounting guidance is not expected to have a material impact on the Company’s consolidated financial statements but will result in the expansion of the income tax disclosures. FASB issued ASU 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures. This ASU was issued to address stakeholder requests for more detailed information about expenses within each reportable segment and address disclosure requirements there within. The amendments retain existing disclosure requirements, and expand upon them for both interim and annual reporting periods. In addition, entities with a single reportable segment must now provide all segment disclosures required, including the new disclosure requirements. This ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The adoption of this accounting guidance is not expected to have a material impact on the Company’s consolidated financial statements but will result in inclusion of certain segment reporting requirements not previously required.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Estimated Fair Value of Financial Instruments	The estimated carrying and fair values of the Company’s financial instruments not carried at fair value are as follows (in thousands): March 31, 2024 Carrying Fair Value (In thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and due from banks $ 25,068 $ 25,068 $ — $ — $ 25,068 Interest-earning deposits in other banks 35,891 35,891 — — 35,891 Held-to-maturity investment securities 302,512 — 274,893 — 274,893 Loans, net 1,271,951 — — 1,196,406 1,196,406 Financial liabilities: Time deposits 174,107 — 173,097 — 173,097 Short-term borrowings 67,000 — 67,861 — 67,861 Senior debt and subordinated debentures 69,780 — — 61,048 61,048 December 31, 2023 Carrying Fair Value (In thousands) Level 1 Level 2 Level 3 Total Financial assets: Cash and due from banks $ 30,017 $ 30,017 $ — $ — $ 30,017 Interest-earning deposits in other banks 23,711 23,711 — — 23,711 Held-to-maturity investment securities 302,442 — 277,003 — 277,003 Loans, net 1,276,144 — — 1,213,098 1,213,098 Financial liabilities: Time deposits 162,085 — 160,839 — 160,839 Short-term borrowings 80,000 — 79,991 — 79,991 Subordinated debentures 69,744 — — 61,121 61,121
Fair Value of Assets on a Recurring Basis	The Company is required or permitted to record the following assets at fair value on a recurring basis. The following tables present information about the Company’s assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023: Fair Value Measurements Using March 31, 2024 Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities: U.S. Treasury securities $ 8,878 $ — $ 8,878 $ — U.S. Government agencies 92 — 92 — Obligations of states and political subdivisions 178,405 — 178,405 — U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 80,798 — 80,798 — Private label mortgage and asset backed securities 305,361 — 305,361 — Equity securities 6,579 6,579 — — Total assets measured at fair value on a recurring basis $ 580,113 $ 6,579 $ 573,534 $ — Fair Value Measurements Using December 31, 2023 Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities: U.S. Treasury securities $ 8,954 $ — $ 8,954 $ — U.S. Government agencies 95 — 95 — Obligations of states and political subdivisions 180,222 — 180,222 — U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 83,352 — 83,352 — Private label mortgage and asset backed securities 324,573 — 324,573 — Equity securities 6,649 6,649 — — Total assets measured at fair value on a recurring basis $ 603,845 $ 6,649 $ 597,196 $ —

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities reconciliation	The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at March 31, 2024 and December 31, 2023 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrealized gains and losses (in thousands): March 31, 2024 Available-for-Sale Securities Amortized Cost Gross Unrealized Gains Gross Estimated Fair Value Allowance for Credit Losses Debt securities: U.S. Treasury securities $ 9,990 $ — $ (1,112) $ 8,878 $ — U.S. Government agencies 100 — (8) 92 — Obligations of states and political subdivisions 197,311 — (18,906) 178,405 — U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 86,205 4 (5,411) 80,798 — Private label mortgage and asset backed securities 349,919 7 (44,565) 305,361 — Total available-for-sale $ 643,525 $ 11 $ (70,002) $ 573,534 $ — March 31, 2024 Held-to-Maturity Securities Amortized Cost Gross Unrealized Gains Gross Estimated Fair Value Allowance for Credit Losses Debt securities: Obligations of states and political subdivisions $ 192,099 $ 70 $ (15,964) $ 176,205 $ 14 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 10,841 — (2,010) 8,831 — Private label mortgage and asset backed securities 54,354 — (5,738) 48,616 11 Corporate debt securities 46,112 — (4,871) 41,241 869 Total held-to-maturity $ 303,406 $ 70 $ (28,583) $ 274,893 $ 894 December 31, 2023 Available-for-Sale Securities Amortized Cost Gross Unrealized Gains Gross Allowance for Credit Losses Estimated Debt securities: U.S. Treasury securities $ 9,990 $ — $ (1,036) $ — $ 8,954 U.S. Government agencies 102 — (7) — 95 Obligations of states and political subdivisions 198,070 — (17,848) — 180,222 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 88,874 3 (5,525) — 83,352 Private label mortgage and asset backed securities 372,610 10 (48,047) — 324,573 Total available-for-sale $ 669,646 $ 13 $ (72,463) $ — $ 597,196 December 31, 2023 Held-to-Maturity Securities Amortized Cost Gross Unrealized Gains Gross Estimated Fair Value Allowance for Credit Losses Debt securities: Obligations of states and political subdivisions 192,070 70 (14,188) $ 177,952 $ 20 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 10,758 — (1,692) 9,066 — Private label mortgage and asset backed securities 54,579 — (5,944) 48,635 11 Corporate debt securities 46,086 — (4,736) 41,350 1,020 Total held-to-maturity $ 303,493 $ 70 $ (26,560) $ 277,003 $ 1,051
Realized gains and losses	Proceeds and gross realized gains (losses) from the sales or calls of available-for-sale investment securities for the periods ended March 31, 2024 and 2023 are shown below (in thousands): For the Three Month Available-for-Sale Securities 2024 2023 Proceeds from sales or calls $ 5,700 $ 12,066 Gross realized gains from sales or calls — — Gross realized losses from sales or calls (373) (219)
Investment	The following table summarizes the Company’s AFS debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands): March 31, 2024 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale Securities Value Losses Value Losses Value Losses Debt securities: U.S. Treasury securities $ — $ — $ 8,878 $ (1,112) $ 8,878 $ (1,112) U.S. Government agencies — — 92 (8) 92 (8) Obligations of states and political subdivisions — — 178,405 (18,906) 178,405 (18,906) U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 375 (7) 80,225 (5,404) 80,600 (5,411) Private label mortgage and asset backed securities 856 (8) 304,451 (44,557) 305,307 (44,565) Total available-for-sale $ 1,231 $ (15) $ 572,051 $ (69,987) $ 573,282 $ (70,002) December 31, 2023 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale Securities Value Losses Value Losses Value Losses Debt securities: U.S. Treasury securities $ — $ — $ 8,954 $ (1,036) $ 8,954 $ (1,036) U.S. Government agencies — — 95 (7) 95 (7) Obligations of states and political subdivisions — — 180,222 (17,848) 180,222 (17,848) U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 392 (3) 82,760 (5,522) 83,152 (5,525) Private label mortgage and asset backed securities — — 323,655 (48,047) 323,655 (48,047) Total available-for-sale $ 392 $ (3) $ 595,686 $ (72,460) $ 596,078 $ (72,463)
Debt Securities, Held-to-maturity, Credit Quality Indicator	The following table summarizes the amortized cost of debt securities held-to-maturity at the dates indicated, aggregated by credit quality indicator. U.S. Government sponsored agencies are not included in the below tables as credit ratings are not applicable. March 31, 2024 Debt Securities Held-to-Maturity (in thousands) AAA/AA/A BBB Unrated Obligations of states and political subdivisions $ 192,099 $ — $ — Private label mortgage and asset backed securities 46,316 — 8,038 Corporate debt securities — 30,182 15,930 Total debt securities held-to-maturity $ 238,415 $ 30,182 $ 23,968
Schedule of Maturities of Long-Term Debt	The amortized cost and estimated fair value of available-for-sale and held-to maturity investment securities at March 31, 2024 by contractual maturity is shown below (in thousands). Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. March 31, 2024 December 31, 2023 Available-for-Sale Securities Amortized Cost Estimated Fair Amortized Cost Estimated Fair Within one year $ — $ — $ — $ — After one year through five years 15,662 13,754 9,992 8,954 After five years through ten years 34,482 30,340 40,264 35,379 After ten years 157,157 143,189 157,804 144,843 207,301 187,283 208,060 189,176 Investment securities not due at a single maturity date: U.S. Government agencies 100 92 102 95 U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 86,205 80,798 88,874 83,352 Private label mortgage and asset backed securities 349,919 305,361 372,610 324,573 Total available-for-sale $ 643,525 $ 573,534 $ 669,646 $ 597,196 March 31, 2024 December 31, 2023 Held-to-Maturity Securities Amortized Cost Estimated Fair Amortized Cost Estimated Fair Within one year $ — $ — $ — $ — After one year through five years 8,492 8,142 8,463 8,136 After five years through ten years 74,868 68,489 74,746 68,552 After ten years 108,739 99,574 108,861 101,264 192,099 176,205 192,070 177,952 Investment securities not due at a single maturity date: U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations 10,841 8,831 10,758 9,066 Private label mortgage and asset backed securities 54,354 48,616 54,579 48,635 Corporate debt securities 46,112 41,241 46,086 41,350 Total held-to-maturity $ 303,406 $ 274,893 $ 303,493 $ 277,003

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Outstanding loans	Outstanding loans are summarized by class as follows: Loan Type (Dollars in thousands) March 31, 2024 December 31, 2023 Commercial: Commercial and industrial $ 86,918 $ 105,466 Agricultural production 24,982 33,556 Total commercial 111,900 139,022 Real estate: Construction & other land loans 28,350 33,472 Commercial real estate - owner occupied 209,777 215,146 Commercial real estate - non-owner occupied 560,492 539,522 Farmland 117,015 120,674 Multi-family residential 61,993 61,307 1-4 family - close-ended 95,575 96,558 1-4 family - revolving 29,442 27,648 Total real estate 1,102,644 1,094,327 Consumer 69,886 55,606 Total gross loans 1,284,430 1,288,955 Net deferred origination costs 2,179 1,842 Loans, net of deferred origination costs 1,286,609 1,290,797 Allowance for credit losses (14,658) (14,653) Total loans, net $ 1,271,951 $ 1,276,144
Impaired loans	There was no foregone interest on nonaccrual loans for the three month periods ended March 31, 2024 and 2023.
Allowance for credit losses	During the three month period ended March 31, 2024, the provision for credit losses was primarily driven by loan growth and net charge-off activity. Management believes that the allowance for credit losses at March 31, 2024 appropriately reflected expected credit losses in the loan portfolio at that date.
Loan portfolio by internal risk rating	The following table shows the loan portfolio by class, net of deferred costs, allocated by management’s internal risk ratings for the period indicated (in thousands): Term Loans Amortized Cost Basis by Origination Year As of March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Converted to Term Total Commercial and industrial Pass/Watch $ 6,847 $ 13,049 $ 16,576 $ 15,760 $ 4,591 $ 7,701 $ 20,931 $ — $ 85,455 Special mention — — 260 — — 267 1,150 — 1,677 Substandard — — — — — 121 — — 121 Total $ 6,847 $ 13,049 $ 16,836 $ 15,760 $ 4,591 $ 8,089 $ 22,081 $ — $ 87,253 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Agricultural production Pass/Watch $ — $ 202 $ 21 $ 12 $ — $ 241 $ 24,224 $ — $ 24,700 Special mention — — — — — — — — — Substandard — — — — — — 300 — 300 Total $ — $ 202 $ 21 $ 12 $ — $ 241 $ 24,524 $ — $ 25,000 Current period gross write-offs $ — $ — $ 507 $ — $ — $ — $ — $ — $ 507 Construction & other land loans Pass/Watch $ 122 $ 8,421 $ 12,658 $ 1,636 $ 701 $ 3,186 $ 1,432 $ — $ 28,156 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ 122 $ 8,421 $ 12,658 $ 1,636 $ 701 $ 3,186 $ 1,432 $ — $ 28,156 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - owner occupied Pass/Watch $ 9,976 $ 18,594 $ 24,851 $ 20,602 $ 27,074 $ 99,863 $ 2,884 $ — $ 203,844 Special mention — — — — — 3,008 — — 3,008 Substandard — — — — — 2,812 — — 2,812 Total $ 9,976 $ 18,594 $ 24,851 $ 20,602 $ 27,074 $ 105,683 $ 2,884 $ — $ 209,664 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - non-owner occupied Pass/Watch $ 20,796 $ 83,043 $ 117,220 $ 76,818 $ 49,885 $ 178,888 $ 18,467 $ 125 $ 545,242 Special mention — — 597 — — 313 — — 910 Substandard — — — — — 13,617 — — 13,617 Total $ 20,796 $ 83,043 $ 117,817 $ 76,818 $ 49,885 $ 192,818 $ 18,467 $ 125 $ 559,769 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass/Watch $ 700 $ 8,428 $ 24,321 $ 12,520 $ 29,067 $ 32,358 $ 4,596 $ 2,962 $ 114,952 Special mention — — — — — — — — — Substandard — — — — 2,029 — — — 2,029 Total $ 700 $ 8,428 $ 24,321 $ 12,520 $ 31,096 $ 32,358 $ 4,596 $ 2,962 $ 116,981 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential Pass/Watch $ 819 $ 2,983 $ 1,836 $ 38,580 $ 2,347 $ 14,829 $ 621 $ — $ 62,015 Special mention — — — — — — — — — Substandard — — — — — — — — Total $ 819 $ 2,983 $ 1,836 $ 38,580 $ 2,347 $ 14,829 $ 621 $ — $ 62,015 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family - close-ended Pass/Watch $ 350 $ 1,678 $ 63,038 $ 7,346 $ 2,209 $ 20,226 $ 10 $ 809 $ 95,666 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ 350 $ 1,678 $ 63,038 $ 7,346 $ 2,209 $ 20,226 $ 10 $ 809 $ 95,666 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family - revolving Pass/Watch $ — $ — $ — $ — $ — $ — $ 23,616 $ 6,059 $ 29,675 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 23,616 $ 6,059 $ 29,675 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Pass/Watch $ 18,178 $ 31,241 $ 7,763 $ 5,999 $ 2,090 $ 6,463 $ 603 $ 4 $ 72,341 Special mention — — — — — — — — — Substandard — — — 89 — — — — 89 Total $ 18,178 $ 31,241 $ 7,763 $ 6,088 $ 2,090 $ 6,463 $ 603 $ 4 $ 72,430 Current period gross write-offs $ 7 $ — $ 60 $ — $ — $ — $ 1 $ — $ 68 Total loans outstanding (risk rating): Pass/Watch $ 57,788 $ 167,639 $ 268,284 $ 179,273 $ 117,964 $ 363,755 $ 97,384 $ 9,959 $ 1,262,046 Special mention — — 857 — — 3,588 1,150 — 5,595 Substandard — — — 89 2,029 16,550 300 — 18,968 Grand Total $ 57,788 $ 167,639 $ 269,141 $ 179,362 $ 119,993 $ 383,893 $ 98,834 $ 9,959 $ 1,286,609 Current period total gross write-offs $ 7 $ — $ 567 $ — $ — $ — $ 1 $ — $ 575 The following table shows the loan portfolio by class, net of deferred costs, allocated by management’s internal risk ratings for the period indicated (in thousands): Term Loans Amortized Cost Basis by Origination Year As of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Converted to Term Total Commercial and industrial Pass/Watch $ 19,886 $ 17,129 $ 21,050 $ 4,643 $ 1,561 $ 6,980 $ 29,391 $ 215 $ 100,855 Special mention — 277 139 183 107 272 3,750 — 4,728 Substandard — — — 156 — 66 — — 222 Total $ 19,886 $ 17,406 $ 21,189 $ 4,982 $ 1,668 $ 7,318 $ 33,141 $ 215 $ 105,805 Current period gross write-offs $ 241 $ — $ 323 $ — $ — $ — $ — $ — $ 564 Agricultural production Pass/Watch $ 153 $ 830 $ 14 $ — $ 251 $ 112 $ 30,241 $ 999 $ 32,600 Special mention — — — — — — — — — Substandard — 676 — — — — 300 — 976 Total $ 153 $ 1,506 $ 14 $ — $ 251 $ 112 $ 30,541 $ 999 $ 33,576 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction & other land loans Pass/Watch $ 6,953 $ 15,593 $ 1,305 $ 701 $ 1,538 $ 3,039 $ 4,167 $ — $ 33,296 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ 6,953 $ 15,593 $ 1,305 $ 701 $ 1,538 $ 3,039 $ 4,167 $ — $ 33,296 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - owner occupied Pass/Watch $ 20,648 $ 25,132 $ 20,783 $ 39,356 $ 21,831 $ 80,384 $ 3,207 $ — $ 211,341 Special mention — — — — — 3,026 272 — 3,298 Substandard — — — — — 497 — — 497 Total $ 20,648 $ 25,132 $ 20,783 $ 39,356 $ 21,831 $ 83,907 $ 3,479 $ — $ 215,136 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate - non-owner occupied Pass/Watch $ 81,153 $ 115,031 $ 77,375 $ 38,307 $ 12,181 $ 175,419 $ 19,218 $ 3,216 $ 521,900 Special mention — 600 — — — 374 — — 974 Substandard — — — — 13,625 2,344 — — 15,969 Total $ 81,153 $ 115,631 $ 77,375 $ 38,307 $ 25,806 $ 178,137 $ 19,218 $ 3,216 $ 538,843 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass/Watch $ 8,382 $ 24,063 $ 10,873 $ 29,770 $ 11,155 $ 23,324 $ 8,695 $ 1,955 $ 118,217 Special mention — — — — — — — — — Substandard — — — 2,213 — 200 — — 2,413 Total $ 8,382 $ 24,063 $ 10,873 $ 31,983 $ 11,155 $ 23,524 $ 8,695 $ 1,955 $ 120,630 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential Pass/Watch $ 2,988 $ 1,847 $ 38,644 $ 2,364 $ 4,538 $ 10,417 $ 532 $ — $ 61,330 Special mention — — — — — — — — — Substandard — — — — — — — — Total $ 2,988 $ 1,847 $ 38,644 $ 2,364 $ 4,538 $ 10,417 $ 532 $ — $ 61,330 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family - close-ended Pass/Watch $ 1,689 $ 64,056 $ 7,898 $ 2,259 $ 1,703 $ 18,237 $ — $ 809 $ 96,651 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ 1,689 $ 64,056 $ 7,898 $ 2,259 $ 1,703 $ 18,237 $ — $ 809 $ 96,651 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family - revolving Pass/Watch $ — $ — $ — $ — $ — $ — $ 21,662 $ 6,213 $ 27,875 Special mention — — — — — — — — — Substandard — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 21,662 $ 6,213 $ 27,875 Current period gross write-offs $ 75 $ — $ — $ — $ — $ — $ — $ — $ 75 Consumer Pass/Watch $ 34,866 $ 8,745 $ 6,503 $ 2,265 $ 2,007 $ 2,398 $ 643 $ 4 $ 57,431 Special mention — — — — — — — — — Substandard 182 — 42 — — — — — 224 Total $ 35,048 $ 8,745 $ 6,545 $ 2,265 $ 2,007 $ 2,398 $ 643 $ 4 $ 57,655 Current period gross write-offs $ 23 $ — $ — $ — $ 27 $ — $ — $ — $ 50 Total loans outstanding (risk rating): Pass/Watch $ 176,718 $ 272,426 $ 184,445 $ 119,665 $ 56,765 $ 320,310 $ 117,756 $ 13,411 $ 1,261,496 Special mention — 877 139 183 107 3,672 4,022 — 9,000 Substandard 182 676 42 2,369 13,625 3,107 300 — 20,301 Grand Total $ 176,900 $ 273,979 $ 184,626 $ 122,217 $ 70,497 $ 327,089 $ 122,078 $ 13,411 $ 1,290,797 Current period total gross write-offs $ 339 $ — $ 323 $ — $ 27 $ — $ — $ — $ 689
Loan portfolio by time past due	The following table shows an aging analysis of the loan portfolio by class at March 31, 2024 (in thousands): 30-59 Days 60-89 Greater Than 89 Days Past Due Total Past Current Total Loans Past Due > 89 Days, Still Accruing Non-accrual Commercial: Commercial and industrial $ 425 $ — $ — $ 425 $ 86,493 $ 86,918 $ — $ — Agricultural production 300 — — 300 24,682 24,982 — — Real estate: — Construction & other land loans — — — — 28,350 28,350 — — Commercial real estate - owner occupied — — — — 209,777 209,777 — — Commercial real estate - non-owner occupied — — — — 560,492 560,492 — — Farmland — — — — 117,015 117,015 — — Multi-family residential — — — — 61,993 61,993 — — 1-4 family - close-ended 1,945 — — 1,945 93,630 95,575 — — 1-4 family - revolving 16 — — 16 29,426 29,442 — — Consumer 68 — — 68 69,818 69,886 — — Deferred fees — — — — $ 2,179 2,179 — — Total $ 2,754 $ — $ — $ 2,754 $ 1,283,855 $ 1,286,609 $ — $ — The following table shows an aging analysis of the loan portfolio by class at December 31, 2023 (in thousands): 30-59 Days 60-89 Greater Total Past Current Total Loans Past Due > 89 Days, Still Accruing Non- Commercial: Commercial and industrial $ 25 $ — $ — $ 25 $ 105,441 $ 105,466 $ — $ — Agricultural production 507 — — 507 33,049 33,556 — — Real estate: — Construction & other land loans — — — — 33,472 33,472 — — Commercial real estate - owner occupied — — — — 215,146 215,146 — — Commercial real estate - non-owner occupied — — — — 539,522 539,522 — — Farmland — — — — 120,674 120,674 — — Multi-family residential — — — — 61,307 61,307 — — 1-4 family - close-ended 2,973 — — 2,973 93,585 96,558 — — 1-4 family - revolving — — — — 27,648 27,648 — — Consumer 169 68 — 237 55,369 55,606 — — Deferred fees — — — — 1,842 1,842 — — Total $ 3,674 $ 68 $ — $ 3,742 $ 1,287,055 $ 1,290,797 $ — $ —

Junior Subordinated Deferrabl_2

Junior Subordinated Deferrable Interest Debentures (Tables)	3 Months Ended
	Mar. 31, 2024
Broker-Dealer [Abstract]
Schedule of Subordinated Borrowing	The following table summarizes the Company’s long-term debt: (Dollars in thousands) March 31, 2024 December 31, 2023 Fixed - floating rate subordinated debentures, due 2031 $ 35,000 $ 35,000 Unamortized debt issuance costs (375) (411) Floating rate senior debt bank loan, due 2032 30,000 30,000 Junior subordinated deferrable interest debentures, due October 2036 5,155 5,155 Total subordinated debentures $ 69,780 $ 69,744

Other Income and Expenses (Tabl

Other Income and Expenses (Tables)	3 Months Ended
	Mar. 31, 2024
Other Income and Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense)	The following table shows significant components of other non-interest income for the periods indicated: For the Three Months (Dollars in thousands) 2024 2023 Interchange Fees $ 405 $ 446 Appreciation in cash surrender value of bank owned life insurance 275 249 Loan placement fees 166 124 Federal Home Loan Bank dividends 157 109 Other 622 479 Total other non-interest income $ 1,625 $ 1,407 The following table shows significant components of other non-interest expense for the periods indicated: For the Three Months (Dollars in thousands) 2024 2023 Information technology $ 1,021 $ 847 Data processing expense 685 650 Professional Services 625 353 Acquisition and merger expenses 383 — Regulatory assessments 322 210 ATM/Debit card expenses 214 184 Directors’ expenses 169 163 Advertising 151 125 Personnel other 131 259 Loan related expenses 92 147 Other 1,359 975 Total other non-interest expense $ 5,152 $ 3,913

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	A reconciliation of the numerators and denominators of the basic and diluted EPS computations is as follows: Basic Earnings Per Share For the Three Months (In thousands, except share and per share amounts) 2024 2023 Net income $ 3,676 $ 6,970 Weighted average shares outstanding 11,750,528 11,703,813 Basic earnings per share $ 0.31 $ 0.60 Diluted Earnings Per Share For the Three Months (In thousands, except share and per share amounts) 2024 2023 Net income $ 3,676 $ 6,970 Weighted average shares outstanding 11,750,528 11,703,813 Effect of diluted stock options and restricted stock 39,703 27,322 Weighted average shares of common stock and common stock equivalents 11,790,231 11,731,135 Diluted earnings per share $ 0.31 $ 0.59

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Restricted common stock activity	The following table summarizes restricted stock activity for the quarter ended March 31, 2024 as follows: Shares Weighted Average Nonvested outstanding shares at December 31, 2023 75,133 $ 15.65 Granted 9,575 $ 19.78 Vested (2,271) $ 23.45 Forfeited — $ — Nonvested outstanding shares at March 31, 2024 82,437 $ 15.92

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on loans	$ 14,658		$ 14,653
Debt Securities, Held-to-maturity, Allowance for Credit Loss	894		$ 1,051
Recoveries	$ 50	$ 335

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value by Balance Sheet Grouping (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Debt Securities, Available-for-sale	$ 573,534,000	$ 597,196,000
Held-to-maturity investment securities	274,893,000	277,003,000
Financial liabilities:
Short-term Debt	67,000,000	80,000,000
Level 1
Financial assets:
Cash and due from banks	25,068,000	30,017,000
Interest-earning deposits in other banks	35,891,000	23,711,000
Held-to-maturity investment securities	0	0
Loans, net	0	0
Financial liabilities:
Time deposits	0	0
Short-term Debt	0	0
Senior debt and subordinated debentures	0	0
Level 2
Financial assets:
Cash and due from banks	0	0
Interest-earning deposits in other banks	0	0
Held-to-maturity investment securities	274,893,000	277,003,000
Loans, net	0	0
Financial liabilities:
Time deposits	173,097,000	160,839,000
Short-term Debt	67,861,000	79,991,000
Senior debt and subordinated debentures	0	0
Level 3
Financial assets:
Cash and due from banks	0	0
Interest-earning deposits in other banks	0	0
Held-to-maturity investment securities	0	0
Loans, net	1,196,406,000	1,213,098,000
Financial liabilities:
Time deposits	0	0
Short-term Debt	0	0
Senior debt and subordinated debentures	61,048,000	61,121,000
Carrying Amount
Financial assets:
Cash and due from banks	25,068,000	30,017,000
Interest-earning deposits in other banks	35,891,000	23,711,000
Held-to-maturity investment securities	302,512,000	302,442,000
Loans, net	1,271,951,000	1,276,144,000
Financial liabilities:
Time deposits	174,107,000	162,085,000
Short-term Debt	67,000,000	80,000,000
Senior debt and subordinated debentures	69,780,000	69,744,000
Fair Value
Financial assets:
Cash and due from banks	25,068,000	30,017,000
Interest-earning deposits in other banks	35,891,000	23,711,000
Held-to-maturity investment securities	274,893,000	277,003,000
Loans, net	1,196,406,000	1,213,098,000
Financial liabilities:
Time deposits	173,097,000	160,839,000
Short-term Debt	67,861,000	79,991,000
Senior debt and subordinated debentures	61,048,000	61,121,000
Recurring | Other equity securities | Level 1
Financial liabilities:
Equity Securities, FV-NI	6,579,000	6,649,000
Recurring | Other equity securities | Level 2
Financial liabilities:
Equity Securities, FV-NI	0	0
Recurring | Other equity securities | Level 3
Financial liabilities:
Equity Securities, FV-NI	0	0
Recurring | Other equity securities | Fair Value
Financial liabilities:
Equity Securities, FV-NI	$ 6,579,000	$ 6,649,000

Fair Value Measurements - Recur

Fair Value Measurements - Recurring and Nonrecurring (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	$ 573,534	$ 597,196
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	1,271,951	1,276,144
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	1,196,406	1,213,098
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	8,878	8,954
U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	92	95
Obligations of states and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	178,405	180,222
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	80,798	83,352
Private label mortgage and asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	305,361	324,573
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	1,196,406	1,213,098
Recurring | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	580,113	603,845
Recurring | U.S. Treasury securities | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	8,878	8,954
Recurring | U.S. Government agencies | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	92	95
Recurring | Obligations of states and political subdivisions | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	178,405	180,222
Recurring | U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	80,798	83,352
Recurring | Private label mortgage and asset backed securities | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	305,361	324,573
Recurring | Other equity securities | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	6,579	6,649
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	6,579	6,649
Recurring | Level 1 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | Obligations of states and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | Private label mortgage and asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	6,579	6,649
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	573,534	597,196
Recurring | Level 2 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	8,878	8,954
Recurring | Level 2 | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	92	95
Recurring | Level 2 | Obligations of states and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	178,405	180,222
Recurring | Level 2 | U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	80,798	83,352
Recurring | Level 2 | Private label mortgage and asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	305,361	324,573
Recurring | Level 2 | Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	0	0
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Recurring | Level 3 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | Obligations of states and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | Private label mortgage and asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | Other equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI	$ 0	$ 0

Investments - Textual (Details)

Investments - Textual (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) security	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Schedule of Available-for-sale Securities
Income tax impact from the reclassification of unrealized net gains on available-for-sale securities to realized net gains on available-for-sale securities	$ (110)	$ (65)
Debt securities, amortized cost	643,525		$ 669,646
Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $894 at March 31, 2024 and $1,051 at December 31, 2023	176,205		177,952
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	28,583		26,560
Debt Securities, Available-for-sale	$ 573,534		597,196
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security	173
Debt Securities, Held-to-maturity, Allowance for Credit Loss	$ 894		1,051
Stockholders' Equity Attributable to Parent	211,717	182,052	207,064	$ 174,660
Retained Earnings
Schedule of Available-for-sale Securities
Stockholders' Equity Attributable to Parent	212,805	$ 196,229	210,548	194,400
Cumulative Effect, Period of Adoption, Adjustment
Schedule of Available-for-sale Securities
Stockholders' Equity Attributable to Parent				(3,731)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings
Schedule of Available-for-sale Securities
Stockholders' Equity Attributable to Parent				$ (3,731)
U.S. Government agencies
Schedule of Available-for-sale Securities
Debt securities, amortized cost	100		102
Debt Securities, Available-for-sale	92		95
Obligations of states and political subdivisions
Schedule of Available-for-sale Securities
Debt securities, amortized cost	197,311		198,070
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	15,964		14,188
Debt Securities, Available-for-sale	$ 178,405		180,222
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security	43
Debt Securities, Held-to-maturity, Allowance for Credit Loss	$ 14		20
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
Schedule of Available-for-sale Securities
Debt securities, amortized cost	86,205		88,874
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	2,010		1,692
Debt Securities, Available-for-sale	$ 80,798		83,352
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security	48
Debt Securities, Held-to-maturity, Allowance for Credit Loss	$ 0		0
Private label mortgage and asset backed securities
Schedule of Available-for-sale Securities
Debt securities, amortized cost	349,919		372,610
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	5,738		5,944
Debt Securities, Available-for-sale	$ 305,361		324,573
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security	76
Debt Securities, Held-to-maturity, Allowance for Credit Loss	$ 11		11
Corporate debt securities
Schedule of Available-for-sale Securities
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	4,871		4,736
Debt Securities, Held-to-maturity, Allowance for Credit Loss	869		1,020
U.S. Treasury securities
Schedule of Available-for-sale Securities
Debt securities, amortized cost	9,990		9,990
Debt Securities, Available-for-sale	$ 8,878		$ 8,954
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security	6

Investments - Carrying value an

Investments - Carrying value and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities
Debt securities, amortized cost	$ 643,525	$ 669,646
Gross Unrealized Gains	11	13
Gross Unrealized Losses	(70,002)	(72,463)
Debt Securities, Available-for-sale	573,534	597,196
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	303,406	303,493
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	302,512	302,442
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain	70	70
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	(28,583)	(26,560)
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value	274,893	277,003
Debt Securities, Available-for-sale, Allowance for Credit Loss	0	0
Held-to-maturity investment securities	274,893	277,003
Debt Securities, Held-to-maturity, Allowance for Credit Loss	(894)	(1,051)
U.S. Government agencies
Schedule of Available-for-sale Securities
Debt securities, amortized cost	100	102
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(8)	(7)
Debt Securities, Available-for-sale	92	95
Debt Securities, Available-for-sale, Allowance for Credit Loss	0	0
U.S. Treasury securities
Schedule of Available-for-sale Securities
Debt securities, amortized cost	9,990	9,990
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,112)	(1,036)
Debt Securities, Available-for-sale	8,878	8,954
Debt Securities, Available-for-sale, Allowance for Credit Loss	0	0
Obligations of states and political subdivisions
Schedule of Available-for-sale Securities
Debt securities, amortized cost	197,311	198,070
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(18,906)	(17,848)
Debt Securities, Available-for-sale	178,405	180,222
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	192,099	192,070
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain	70	70
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	(15,964)	(14,188)
Debt Securities, Available-for-sale, Allowance for Credit Loss	0	0
Held-to-maturity investment securities	176,205	177,952
Debt Securities, Held-to-maturity, Allowance for Credit Loss	(14)	(20)
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
Schedule of Available-for-sale Securities
Debt securities, amortized cost	86,205	88,874
Gross Unrealized Gains	4	3
Gross Unrealized Losses	(5,411)	(5,525)
Debt Securities, Available-for-sale	80,798	83,352
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	10,841	10,758
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain	0	0
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	(2,010)	(1,692)
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value	8,831	9,066
Debt Securities, Available-for-sale, Allowance for Credit Loss	0	0
Held-to-maturity investment securities	8,831	9,066
Debt Securities, Held-to-maturity, Allowance for Credit Loss	0	0
Private label mortgage and asset backed securities
Schedule of Available-for-sale Securities
Debt securities, amortized cost	349,919	372,610
Gross Unrealized Gains	7	10
Gross Unrealized Losses	(44,565)	(48,047)
Debt Securities, Available-for-sale	305,361	324,573
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	54,354	54,579
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain	0	0
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	(5,738)	(5,944)
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value	48,616	48,635
Debt Securities, Available-for-sale, Allowance for Credit Loss	0	0
Held-to-maturity investment securities	48,616	48,635
Debt Securities, Held-to-maturity, Allowance for Credit Loss	(11)	(11)
Corporate debt securities
Schedule of Available-for-sale Securities
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	46,112	46,086
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain	0	0
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss	(4,871)	(4,736)
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value	41,241	41,350
Held-to-maturity investment securities	41,241	41,350
Debt Securities, Held-to-maturity, Allowance for Credit Loss	$ (869)	$ (1,020)

Investments - Realized gains an

Investments - Realized gains and losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt Securities, Available-for-sale [Abstract]
Proceeds from sales or calls	$ 5,700	$ 12,066
Debt Securities, Available-for-sale, Realized Gain	0	0
Debt Securities, Available-for-sale, Realized Loss	$ (373)	$ (219)

Investments - Unrealized losses

Investments - Unrealized losses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities
Less than 12 Months, Fair Value	$ 1,231	$ 392
Less than 12 Months, Unrealized Losses	(15)	(3)
12 Months or More, Fair Value	572,051	595,686
12 Months or More, Unrealized Losses	(69,987)	(72,460)
Total Fair Value	573,282	596,078
Total Unrealized Losses	(70,002)	(72,463)
U.S. Government agencies
Schedule of Available-for-sale Securities
Less than 12 Months, Fair Value	0	0
Less than 12 Months, Unrealized Losses	0	0
12 Months or More, Fair Value	92	95
12 Months or More, Unrealized Losses	(8)	(7)
Total Fair Value	92	95
Total Unrealized Losses	(8)	(7)
Obligations of states and political subdivisions
Schedule of Available-for-sale Securities
Less than 12 Months, Fair Value	0	0
Less than 12 Months, Unrealized Losses	0	0
12 Months or More, Fair Value	178,405	180,222
12 Months or More, Unrealized Losses	(18,906)	(17,848)
Total Fair Value	178,405	180,222
Total Unrealized Losses	(18,906)	(17,848)
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
Schedule of Available-for-sale Securities
Less than 12 Months, Fair Value	375	392
Less than 12 Months, Unrealized Losses	(7)	(3)
12 Months or More, Fair Value	80,225	82,760
12 Months or More, Unrealized Losses	(5,404)	(5,522)
Total Fair Value	80,600	83,152
Total Unrealized Losses	(5,411)	(5,525)
Private label mortgage and asset backed securities
Schedule of Available-for-sale Securities
Less than 12 Months, Fair Value	856	0
Less than 12 Months, Unrealized Losses	(8)	0
12 Months or More, Fair Value	304,451	323,655
12 Months or More, Unrealized Losses	(44,557)	(48,047)
Total Fair Value	305,307	323,655
Total Unrealized Losses	(44,565)	(48,047)
U.S. Treasury securities
Schedule of Available-for-sale Securities
Less than 12 Months, Fair Value	0	0
Less than 12 Months, Unrealized Losses	0	0
12 Months or More, Fair Value	8,878	8,954
12 Months or More, Unrealized Losses	(1,112)	(1,036)
Total Fair Value	8,878	8,954
Total Unrealized Losses	$ (1,112)	$ (1,036)

Investments - Investments by co

Investments - Investments by contractual maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities
Within one year, amortized cost	$ 0	$ 0
Within one year, estimated fair value	0	0
After one year through five years, amortized cost	15,662	9,992
After one year through five years, estimated fair value	13,754	8,954
After five years through ten years, amortized cost	34,482	40,264
After five years through ten years, estimated fair value	30,340	35,379
After ten years, amortized cost	157,157	157,804
After ten years, estimated fair value	143,189	144,843
Total securities with single maturity date, amortized cost	207,301	208,060
Total securities with single maturity date, estimated fair value	187,283	189,176
Debt securities, amortized cost	643,525	669,646
Debt Securities, Available-for-sale	573,534	597,196
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value	0	0
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	0	0
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	8,142	8,136
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five	8,492	8,463
Debt Securities, Held-to-maturity, Maturity, Rolling after Five Through Ten Years, Weighted Average Yield	74,868	74,746
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	68,489	68,552
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	99,574	101,264
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10	108,739	108,861
Held-to-maturity investment securities	192,099	192,070
Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $894 at March 31, 2024 and $1,051 at December 31, 2023	176,205	177,952
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	303,406	303,493
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value	274,893	277,003
U.S. Government agencies
Schedule of Available-for-sale Securities
Investment securities not due at a single maturity date, amortized cost	100	102
Investment securities not due at a single maturity date, estimated fair value	92	95
Debt securities, amortized cost	100	102
Debt Securities, Available-for-sale	92	95
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
Schedule of Available-for-sale Securities
Investment securities not due at a single maturity date, amortized cost	86,205	88,874
Investment securities not due at a single maturity date, estimated fair value	80,798	83,352
Debt securities, amortized cost	86,205	88,874
Debt Securities, Available-for-sale	80,798	83,352
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	10,841	10,758
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value	8,831	9,066
Private label mortgage and asset backed securities
Schedule of Available-for-sale Securities
Investment securities not due at a single maturity date, amortized cost	349,919	372,610
Investment securities not due at a single maturity date, estimated fair value	305,361	324,573
Debt securities, amortized cost	349,919	372,610
Debt Securities, Available-for-sale	305,361	324,573
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	54,354	54,579
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value	48,616	48,635
Corporate debt securities
Schedule of Available-for-sale Securities
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	46,112	46,086
Debt Securities, Held-to-maturity, Maturity, without Single Maturity Date, Fair Value	$ 41,241	$ 41,350

Investments - Credit Quality In

Investments - Credit Quality Indicator (Details)	Mar. 31, 2024 USD ($)
AAA/AA/A
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	$ 238,415
AAA/AA/A | Obligations of states and political subdivisions
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	192,099
AAA/AA/A | Private label mortgage and asset backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	46,316
AAA/AA/A | Corporate debt securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	0
BBB
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	30,182
BBB | Obligations of states and political subdivisions
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	0
BBB | Private label mortgage and asset backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	0
BBB | Corporate debt securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	30,182
Unrated
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	23,968
Unrated | Obligations of states and political subdivisions
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	0
Unrated | Private label mortgage and asset backed securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	8,038
Unrated | Corporate debt securities
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Total debt securities held-to-maturity	$ 15,930

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans	$ 1,286,609	$ 1,290,797
Financing Receivable, Accrued Interest	4,752	4,512
Small Business Administration programs
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans	17,435	18,246
Amount secured by government guarantees	$ 13,343	$ 13,955
Percent secured by government guarantees	77%	76%

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Summary of outstanding loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans
Loans	$ 1,286,609	$ 1,290,797
Total gross loans	1,284,430	1,288,955
Deferred loan fees, net	2,179	1,842
Allowance for credit losses	(14,658)	(14,653)
Total loans	1,271,951	1,276,144
Commercial Portfolio Segment [Member]
Loans
Loans	111,900	139,022
Commercial Portfolio Segment [Member] | Commercial and industrial
Loans
Loans	86,918	105,466
Commercial Portfolio Segment [Member] | Agricultural production
Loans
Loans	24,982	33,556
Real Estate
Loans
Loans	1,102,644	1,094,327
Real Estate | Commercial real estate - owner occupied
Loans
Loans	28,350	33,472
Real Estate | Construction & other land loans
Loans
Loans	209,777	215,146
Real Estate | Commercial real estate - non-owner occupied
Loans
Loans	560,492	539,522
Real Estate | Farmland
Loans
Loans	117,015	120,674
Real Estate | Multi-family residential
Loans
Loans	61,993	61,307
Real Estate | 1-4 family - close-ended
Loans
Loans	95,575	96,558
Real Estate | 1-4 family - revolving
Loans
Loans	29,442	27,648
Consumer Portfolio Segment [Member]
Loans
Loans	69,886	55,606
Consumer Portfolio Segment [Member] | Consumer
Loans
Loans	$ 69,886	$ 55,606

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance	$ 14,658	$ 15,257
Impact of Adoption Of Accounting Standard Update		3,910
Provision charged to operations	530	518
Losses charged to allowance	(575)	(354)
Recoveries	50	335
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Beginning Balance	14,653	10,848
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance	977	2,028
Impact of Adoption Of Accounting Standard Update		454
Provision charged to operations	9	(240)
Losses charged to allowance	(507)	(322)
Recoveries	0	322
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Beginning Balance	1,475	1,814
Real Estate
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance	10,290	10,065
Impact of Adoption Of Accounting Standard Update		1,693
Provision charged to operations	474	569
Losses charged to allowance	0	0
Recoveries	24	0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Beginning Balance	9,792	7,803
Family Real Estate
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance	2,189	2,285
Impact of Adoption Of Accounting Standard Update		1,614
Provision charged to operations	(246)	64
Losses charged to allowance	0	0
Recoveries	0	0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Beginning Balance	2,435	607
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance	1,202	879
Impact of Adoption Of Accounting Standard Update		489
Provision charged to operations	293	125
Losses charged to allowance	(68)	(32)
Recoveries	26	13
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Beginning Balance	$ 951	284
Unallocated
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		0
Impact of Adoption Of Accounting Standard Update		(340)
Provision charged to operations		0
Losses charged to allowance		0
Recoveries		0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, Beginning Balance		$ 340

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Loan Portfolio by Risk Rating (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment
2024	$ 57,788
2023	167,639
2022	269,141
2021	179,362
2020	119,993
Prior	383,893
Revolving Loans	98,834
Revolving Converted to Term	9,959
Total	1,286,609
2024	7
2023	0
2022	567
2021	0
2020	0
Prior	0
Revolving Loans	1
Revolving Converted to Term	0
Total	575
Loans and Leases Receivable, Net Amount	1,271,951	$ 1,276,144
Amortization of Deferred Loan Origination Fees, Net	1,286,609	$ 1,290,797
Pass/Watch
Financing Receivable, Recorded Investment
2024	57,788
2023	167,639
2022	268,284
2021	179,273
2020	117,964
Prior	363,755
Revolving Loans	97,384
Revolving Converted to Term	9,959
Total	1,262,046
Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	857
2021	0
2020	0
Prior	3,588
Revolving Loans	1,150
Revolving Converted to Term	0
Total	5,595
Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	89
2020	2,029
Prior	16,550
Revolving Loans	300
Revolving Converted to Term	0
Total	18,968
Commercial and industrial
Financing Receivable, Recorded Investment
2024	6,847
2023	13,049
2022	16,836
2021	15,760
2020	4,591
Prior	8,089
Revolving Loans	22,081
Revolving Converted to Term	0
Total	87,253
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Commercial and industrial | Pass/Watch
Financing Receivable, Recorded Investment
2024	6,847
2023	13,049
2022	16,576
2021	15,760
2020	4,591
Prior	7,701
Revolving Loans	20,931
Revolving Converted to Term	0
Total	85,455
Commercial and industrial | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	260
2021	0
2020	0
Prior	267
Revolving Loans	1,150
Revolving Converted to Term	0
Total	1,677
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	121
Revolving Loans	0
Revolving Converted to Term	0
Total	121
Agricultural production
Financing Receivable, Recorded Investment
2024	0
2023	202
2022	21
2021	12
2020	0
Prior	241
Revolving Loans	24,524
Revolving Converted to Term	0
Total	25,000
2024	0
2023	0
2022	507
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	507
Agricultural production | Pass/Watch
Financing Receivable, Recorded Investment
2024	0
2023	202
2022	21
2021	12
2020	0
Prior	241
Revolving Loans	24,224
Revolving Converted to Term	0
Total	24,700
Agricultural production | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Agricultural production | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	300
Revolving Converted to Term	0
Total	300
Construction & other land loans
Financing Receivable, Recorded Investment
2024	122
2023	8,421
2022	12,658
2021	1,636
2020	701
Prior	3,186
Revolving Loans	1,432
Revolving Converted to Term	0
Total	28,156
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Construction & other land loans | Pass/Watch
Financing Receivable, Recorded Investment
2024	122
2023	8,421
2022	12,658
2021	1,636
2020	701
Prior	3,186
Revolving Loans	1,432
Revolving Converted to Term	0
Total	28,156
Construction & other land loans | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Construction & other land loans | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Commercial real estate - owner occupied
Financing Receivable, Recorded Investment
2024	9,976
2023	18,594
2022	24,851
2021	20,602
2020	27,074
Prior	105,683
Revolving Loans	2,884
Revolving Converted to Term	0
Total	209,664
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Commercial real estate - owner occupied | Pass/Watch
Financing Receivable, Recorded Investment
2024	9,976
2023	18,594
2022	24,851
2021	20,602
2020	27,074
Prior	99,863
Revolving Loans	2,884
Revolving Converted to Term	0
Total	203,844
Commercial real estate - owner occupied | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	3,008
Revolving Loans	0
Revolving Converted to Term	0
Total	3,008
Commercial real estate - owner occupied | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	2,812
Revolving Loans	0
Revolving Converted to Term	0
Total	2,812
Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment
2024	20,796
2023	83,043
2022	117,817
2021	76,818
2020	49,885
Prior	192,818
Revolving Loans	18,467
Revolving Converted to Term	125
Total	559,769
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Commercial real estate - non-owner occupied | Pass/Watch
Financing Receivable, Recorded Investment
2024	20,796
2023	83,043
2022	117,220
2021	76,818
2020	49,885
Prior	178,888
Revolving Loans	18,467
Revolving Converted to Term	125
Total	545,242
Commercial real estate - non-owner occupied | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	597
2021	0
2020	0
Prior	313
Revolving Loans	0
Revolving Converted to Term	0
Total	910
Commercial real estate - non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	13,617
Revolving Loans	0
Revolving Converted to Term	0
Total	13,617
Farmland
Financing Receivable, Recorded Investment
2024	700
2023	8,428
2022	24,321
2021	12,520
2020	31,096
Prior	32,358
Revolving Loans	4,596
Revolving Converted to Term	2,962
Total	116,981
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Farmland | Pass/Watch
Financing Receivable, Recorded Investment
2024	700
2023	8,428
2022	24,321
2021	12,520
2020	29,067
Prior	32,358
Revolving Loans	4,596
Revolving Converted to Term	2,962
Total	114,952
Farmland | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Farmland | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	2,029
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	2,029
Multi-family residential
Financing Receivable, Recorded Investment
2024	819
2023	2,983
2022	1,836
2021	38,580
2020	2,347
Prior	14,829
Revolving Loans	621
Revolving Converted to Term	0
Total	62,015
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Multi-family residential | Pass/Watch
Financing Receivable, Recorded Investment
2024	819
2023	2,983
2022	1,836
2021	38,580
2020	2,347
Prior	14,829
Revolving Loans	621
Revolving Converted to Term	0
Total	62,015
Multi-family residential | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Multi-family residential | Substandard
Financing Receivable, Recorded Investment
2024
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
1-4 family - close-ended
Financing Receivable, Recorded Investment
2024	350
2023	1,678
2022	63,038
2021	7,346
2020	2,209
Prior	20,226
Revolving Loans	10
Revolving Converted to Term	809
Total	95,666
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
1-4 family - close-ended | Pass/Watch
Financing Receivable, Recorded Investment
2024	350
2023	1,678
2022	63,038
2021	7,346
2020	2,209
Prior	20,226
Revolving Loans	10
Revolving Converted to Term	809
Total	95,666
1-4 family - close-ended | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
1-4 family - close-ended | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
1-4 family - revolving
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	23,616
Revolving Converted to Term	6,059
Total	29,675
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
1-4 family - revolving | Pass/Watch
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	23,616
Revolving Converted to Term	6,059
Total	29,675
1-4 family - revolving | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
1-4 family - revolving | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Consumer
Financing Receivable, Recorded Investment
2024	18,178
2023	31,241
2022	7,763
2021	6,088
2020	2,090
Prior	6,463
Revolving Loans	603
Revolving Converted to Term	4
Total	72,430
2024	7
2023	0
2022	60
2021	0
2020	0
Prior	0
Revolving Loans	1
Revolving Converted to Term	0
Total	68
Consumer | Pass/Watch
Financing Receivable, Recorded Investment
2024	18,178
2023	31,241
2022	7,763
2021	5,999
2020	2,090
Prior	6,463
Revolving Loans	603
Revolving Converted to Term	4
Total	72,341
Consumer | Special mention
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	0
Consumer | Substandard
Financing Receivable, Recorded Investment
2024	0
2023	0
2022	0
2021	89
2020	0
Prior	0
Revolving Loans	0
Revolving Converted to Term	0
Total	$ 89

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Loan Portfolio Aging (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	$ 1,286,609	$ 1,290,797
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount)	2,179	1,842
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	111,900	139,022
Commercial Portfolio Segment [Member] | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	86,918	105,466
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Commercial Portfolio Segment [Member] | Agricultural production
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	24,982	33,556
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	1,102,644	1,094,327
Real Estate | Commercial real estate - owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	28,350	33,472
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Real Estate | Construction & other land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	209,777	215,146
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	560,492	539,522
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Real Estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	117,015	120,674
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Real Estate | Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	61,993	61,307
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Real Estate | 1-4 family - close-ended
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	95,575	96,558
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Real Estate | 1-4 family - revolving
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	29,442	27,648
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	69,886	55,606
Loans Past Due > 89 Days, Still Accruing	0	0
Non- accrual	0	0
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	2,754	3,674
30-59 Days Past Due | Commercial Portfolio Segment [Member] | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	425	25
30-59 Days Past Due | Commercial Portfolio Segment [Member] | Agricultural production
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	300	507
30-59 Days Past Due | Real Estate | Commercial real estate - owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
30-59 Days Past Due | Real Estate | Construction & other land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
30-59 Days Past Due | Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
30-59 Days Past Due | Real Estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
30-59 Days Past Due | Real Estate | Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
30-59 Days Past Due | Real Estate | 1-4 family - close-ended
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	1,945	2,973
30-59 Days Past Due | Real Estate | 1-4 family - revolving
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	16	0
30-59 Days Past Due | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	68	169
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	68
60-89 Days Past Due | Commercial Portfolio Segment [Member] | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Commercial Portfolio Segment [Member] | Agricultural production
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Real Estate | Commercial real estate - owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Real Estate | Construction & other land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Real Estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Real Estate | Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Real Estate | 1-4 family - close-ended
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Real Estate | 1-4 family - revolving
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
60-89 Days Past Due | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	68
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Commercial Portfolio Segment [Member] | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Commercial Portfolio Segment [Member] | Agricultural production
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Real Estate | Commercial real estate - owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Real Estate | Construction & other land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Real Estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Real Estate | Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Real Estate | 1-4 family - close-ended
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Real Estate | 1-4 family - revolving
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Greater Than 90 Days Past Due | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Financial Asset, Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	2,754	3,742
Financial Asset, Past Due | Commercial Portfolio Segment [Member] | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	425	25
Financial Asset, Past Due | Commercial Portfolio Segment [Member] | Agricultural production
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	300	507
Financial Asset, Past Due | Real Estate | Commercial real estate - owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Financial Asset, Past Due | Real Estate | Construction & other land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Financial Asset, Past Due | Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Financial Asset, Past Due | Real Estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Financial Asset, Past Due | Real Estate | Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	0	0
Financial Asset, Past Due | Real Estate | 1-4 family - close-ended
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	1,945	2,973
Financial Asset, Past Due | Real Estate | 1-4 family - revolving
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	16	0
Financial Asset, Past Due | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	68	237
Financial Asset, Not Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	1,283,855	1,287,055
Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount)	2,179	1,842
Financial Asset, Not Past Due | Commercial Portfolio Segment [Member] | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	86,493	105,441
Financial Asset, Not Past Due | Commercial Portfolio Segment [Member] | Agricultural production
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	24,682	33,049
Financial Asset, Not Past Due | Real Estate | Commercial real estate - owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	28,350	33,472
Financial Asset, Not Past Due | Real Estate | Construction & other land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	209,777	215,146
Financial Asset, Not Past Due | Real Estate | Commercial real estate - non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	560,492	539,522
Financial Asset, Not Past Due | Real Estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	117,015	120,674
Financial Asset, Not Past Due | Real Estate | Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	61,993	61,307
Financial Asset, Not Past Due | Real Estate | 1-4 family - close-ended
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	93,630	93,585
Financial Asset, Not Past Due | Real Estate | 1-4 family - revolving
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	29,426	27,648
Financial Asset, Not Past Due | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	$ 69,818	$ 55,369

Borrowing Arrangements (Details

Borrowing Arrangements (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Borrowing Arrangements
Investments securing FHLB advances, amortized cost	$ 643,525	$ 669,646
Debt Securities, Available-for-sale	573,534	597,196
Letter of Credit | Unsecured Credit Lines
Borrowing Arrangements
Line of Credit Facility, Maximum Borrowing Capacity	110,000	110,000
Letters of Credit Outstanding, Amount	0	0
Letter of Credit | Federal Home Loan Bank Borrowings
Borrowing Arrangements
Line of Credit Facility, Maximum Borrowing Capacity	342,668	342,483
Letters of Credit Outstanding, Amount	22,000	35,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	645,760	612,702
Securities Held as Collateral, at Fair Value	533,790	500,972
Letter of Credit | Federal Reserve Bank Term Loan Funding Program
Borrowing Arrangements
Line of Credit Facility, Maximum Borrowing Capacity	0	46,174
Letters of Credit Outstanding, Amount	45,000	45,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	47,975	53,650
Securities Held as Collateral, at Fair Value	43,858	47,603
Letter of Credit | Federal Reserve Bank
Borrowing Arrangements
Line of Credit Facility, Maximum Borrowing Capacity	4,069	4,448
Letters of Credit Outstanding, Amount	0	0
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	4,820	4,894
Securities Held as Collateral, at Fair Value	4,230	4,374
Federal Home Loan Bank Advances
Borrowing Arrangements
Remaining borrowing capacity	342,668
Investments securing FHLB advances, amortized cost	22,385
Federal Home Loan Bank Advances | Asset Pledged as Collateral
Borrowing Arrangements
Debt Securities	623,375
San Fransisco Branch
Borrowing Arrangements
Advances from FHLB	$ 22,000	$ 35,000

Junior Subordinated Deferrabl_3

Junior Subordinated Deferrable Interest Debentures (Details) - USD ($)		3 Months Ended
	Sep. 15, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Nov. 12, 2021
Debt Instrument [Line Items]
Interest expense for the period		$ 94,000	$ 81,000
Debt instrument, interest rate, stated percentage		7.18%
Prepayment penalty fee, percentage	2%
Debt instrument, convertible, remaining discount amortization period	12 years
Debt instrument, initial interest payment term	3 years
Debt instrument, principal and interest payment term	6 years 9 months
Interest Expense		$ 6,554,000	2,562,000
Prime Rate
Debt Instrument [Line Items]
Spread on LIBOR	0.50%
Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage					3.125%
Subordinated debentures		69,780,000		$ 69,744,000
Junior Subordinated Notes, Noncurrent		5,155,000		5,155,000
Debt Issuance Costs, Net		(375,000)		(411,000)
Interest Expense		310,000	$ 310,000
Subordinated Debt | Subordinated Debt, Due 2031
Debt Instrument [Line Items]
Subordinated debentures		35,000,000		35,000,000
Senior Notes
Debt Instrument [Line Items]
Aggregate Principal Amount Junior Subordinated Notes	$ 30,000,000
Long-term debt		30,000,000		$ 30,000,000
Interest Expense		$ 511,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Probable loan loss experience on unfunded obligations [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Estimate of possible loss	$ 1,041	$ 839
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to extend credit	313,729	276,270
Undisbursed lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to extend credit	$ 311,394	274,282
Undisbursed lines of credit | Minimum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to extend credit, term of agreement	1 month
Undisbursed lines of credit | Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to extend credit, term of agreement	12 months
Undisbursed portions of construction loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to extend credit	$ 56,286	45,116
Standby letters of credit and financial guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to extend credit	$ 2,335	$ 1,988
Standby letters of credit and financial guarantees | Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to extend credit, term of agreement	1 year

Other Income and Expenses (Deta

Other Income and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Income and Expenses [Abstract]
Appreciation in cash surrender value of bank-owned life insurance	$ 275	$ 249
Loan placement fees	166	124
Interchange fees	405	446
Federal Home Loan Bank dividends	157	109
Other income	622	479
Total other non-interest income	1,625	1,407
Total other non-interest expense	5,152	3,913
Loan related expenses	92	147
Personnel other	131	259
Internet banking expense		0
Regulatory assessments	322	210
Data processing	685	650
ATM/Debit card expenses	214	184
Advertising	151	125
Professional services	625	353
Information technology	1,021	847
Directors’ expenses	169	163
Other	1,359	975
Other Noninterest Expense	$ 5,152	$ 3,913

Earnings Per Share - Basic (Det

Earnings Per Share - Basic (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic Earnings Per share
Net income	$ 3,676	$ 6,970
Weighted average shares outstanding (in shares)	11,750,528	11,703,813
Basic earnings per share (in dollars per share)	$ 0.31	$ 0.60

Earnings Per Share - Diluted (D

Earnings Per Share - Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Diluted Earnings Per share
Net income available to common shareholders	$ 3,676	$ 6,970
Weighted average shares outstanding (in shares)	11,750,528	11,703,813
Effect of dilutive stock options (in shares)	39,703	27,322
Weighted average shares of common stock and common stock equivalents (in shares)	11,790,231	11,731,135
Diluted earnings per share (in dollars per share)	$ 0.31	$ 0.59

Share-Based Compensation - Text

Share-Based Compensation - Textual (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit of stock option compensation expense	$ 0
Restricted Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested share-based compensation arrangements	$ 782,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	82,437	75,133
Weighted average remaining period	2 years 9 months 3 days
Intrinsic value	$ 1,312,000
Restricted Common Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Restricted Common Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Common Stock Awards (Details) - Restricted Common Stock	Mar. 31, 2024 $ / shares shares
Shares
Nonvested outstanding shares beginning balance (in shares)	75,133
Nonvested outstanding shares ending balance (in shares)	82,437
Weighted Average Grant-Date Fair Value
Nonvested outstanding shares beginning balance (in dollars per share) | $ / shares	$ 15.65