1ST Constitution Bancorp (FCCY) 10-Q6 Nov 202020 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2020	Nov. 03, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	000-32891
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-3665653
Entity Address, Address Line One	2650 Route 130
Entity Address, Address Line Two	P.O. Box 634
Entity Address, City or Town	Cranbury
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08512
City Area Code	(609)
Local Phone Number	655-4500
Title of 12(b) Security	Common stock, no par value
Trading Symbol	FCCY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common stock, Shares Outstanding		10,237,851
Entity Registrant Name	1ST CONSTITUTION BANCORP
Current Fiscal year End Date	--12-31
Amendment Flag	false
Entity CIK	0001141807
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 8,811	$ 2,547
Interest-earning deposits	11,244	12,295
Total cash and cash equivalents	20,055	14,842
Investment securities
Available for sale, at fair value	135,123	155,782
Held to maturity (fair value of $90,735 and $78,223 at September 30, 2020 and December 31, 2019, respectively)	87,811	76,620
Total investment securities	222,934	232,402
Loans held for sale	28,196	5,927
Loans	1,455,684	1,216,028
Less: allowance for loan losses	(14,450)	(9,271)
Net loans	1,441,234	1,206,757
Premises and equipment, net	14,503	15,262
Right-of-use assets	16,910	17,957
Accrued interest receivable	5,689	4,945
Bank-owned life insurance	37,131	36,678
Other real estate owned	267	571
Goodwill and intangible assets	36,471	36,779
Other assets	20,640	14,142
Total assets	1,844,030	1,586,262
Deposits
Non-interest bearing	426,528	287,555
Interest bearing	1,084,505	989,807
Total deposits	1,511,033	1,277,362
Short-term borrowings	105,867	92,050
Redeemable subordinated debentures	18,557	18,557
Accrued interest payable	1,069	1,592
Lease liability	17,714	18,617
Accrued expenses and other liabilities	7,783	7,506
Total liabilities	1,662,023	1,415,684
SHAREHOLDERS' EQUITY
Preferred stock, no par value; 5,000,000 shares authorized; none issued	0	0
Common stock, no par value; 30,000,000 shares authorized; 10,285,229 and 10,224,974 shares issued and 10,237,520 and 10,191,676 shares outstanding as of September 30, 2020 and December 31, 2019, respectively	110,825	109,964
Retained earnings	70,058	60,791
Treasury stock, 47,709 and 33,298 shares at September 30, 2020 and December 31, 2019, respectively	(611)	(368)
Accumulated other comprehensive income	1,735	191
Total shareholders' equity	182,007	170,578
Total liabilities and shareholders' equity	$ 1,844,030	$ 1,586,262

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Held to maturity, fair value (in Dollars)	$ 90,735	$ 78,223
Preferred stock, shares authorized (in shares)	5,000,000
Preferred stock, shares issued (in Shares)	0
Common stock, shares authorized (in Shares)	30,000,000	30,000,000
Common stock, shares issued (in Shares)	10,285,229	10,224,974
Common Stock, shares outstanding (in Shares)	10,237,520	10,191,676
Treasury stock (in Shares)	47,709	33,298

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
INTEREST INCOME
Loans, including fees	$ 16,477	$ 13,316	$ 46,656	$ 38,342
Securities:
Taxable	725	1,130	2,633	3,615
Tax-exempt	504	393	1,438	1,256
Federal funds sold and short-term investments	2	35	95	129
Total interest income	17,708	14,874	50,822	43,342
INTEREST EXPENSE
Deposits	2,171	2,904	8,133	7,892
Borrowings	95	268	205	698
Redeemable subordinated debentures	90	185	348	575
Total interest expense	2,356	3,357	8,686	9,165
Net interest income	15,352	11,517	42,136	34,177
PROVISION FOR LOAN LOSSES	2,320	350	5,340	1,050
Net interest income after provision for loan losses	13,032	11,167	36,796	33,127
NON-INTEREST INCOME
Service charges on deposit accounts	126	165	471	490
Gain on sales of loans	3,396	1,351	6,987	3,556
Income on bank-owned life insurance	188	149	632	437
Gain on sales and calls of securities	79	16	97	16
Other income	947	525	2,105	1,743
Total non-interest income	4,736	2,206	10,292	6,242
NON-INTEREST EXPENSES
Salaries and employee benefits	7,106	5,231	19,276	15,472
Occupancy expense	1,222	972	3,597	2,984
Data processing expenses	486	379	1,402	1,072
FDIC insurance expense	225	(47)	484	113
Other real estate owned expenses	27	52	58	134
Merger-related expenses	0	302	64	575
Other operating expenses	1,896	1,546	5,711	4,746
Total non-interest expenses	10,962	8,435	30,592	25,096
Income before income taxes	6,806	4,938	16,496	14,273
INCOME TAXES	1,896	1,315	4,475	3,883
Net income	$ 4,910	$ 3,623	$ 12,021	$ 10,390
EARNINGS PER COMMON SHARE
Basic (in Dollars per share)	$ 0.48	$ 0.42	$ 1.18	$ 1.20
Diluted (in Dollars per share)	$ 0.48	$ 0.42	$ 1.17	$ 1.19
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in Shares)	10,230,488	8,666,251	10,213,601	8,641,684
Diluted (in Shares)	10,268,951	8,722,349	10,260,477	8,698,959

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income		$ 4,910	$ 3,623	$ 12,021	$ 10,390
Unrealized holding gains on securities available for sale
Unrealized holding gains on securities available for sale		435	200	1,964	2,631
Tax effect		(103)	(48)	(475)	(638)
Net of tax amount		332	152	1,489	1,993
Reclassification adjustment for gains on securities available for sale
Reclassification adjustment for gains on securities available for sale	[1]	14	(16)	3	(16)
Tax effect	[2]	(4)	4	(1)	4
Net of tax amount		10	(12)	2	(12)
Reclassification adjustment for unrealized impairment loss on held to maturity security
Reclassification adjustment for unrealized impairment loss on held to maturity security	[3]	6	2	14	6
Tax effect		(1)	0	(4)	(1)
Net of tax amount		5	2	10	5
Pension liability
Pension liability		70	56	211	167
Tax effect		(20)	(18)	(62)	(49)
Net of tax amount		50	38	149	118
Reclassification adjustment for actuarial gains for unfunded pension liability
Reclassification adjustment for actuarial gains for unfunded pension liability	[4]	(51)	(44)	(151)	(132)
Tax effect	[2]	15	14	45	40
Net of tax amount		(36)	(30)	(106)	(92)
Total other comprehensive income		361	150	1,544	2,012
Comprehensive income		$ 5,271	$ 3,773	$ 13,565	$ 12,402

[1]	Included in gain on sales and calls of securities on the consolidated statements of income
[2]	Included in income taxes on the consolidated statements of income
[3]	Included in investment securities held to maturity on the consolidated balance sheets
[4]	Included in salaries and employee benefits expense on the consolidated statements of income

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2018	$ 127,085	$ 79,536	$ 49,750	$ (368)	$ (1,833)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,390		10,390
Exercise of stock options and issuance of restricted shares	149	149
Share-based compensation	833	833
Cash dividends	(1,942)		(1,942)
Other comprehensive income	2,012				2,012
Ending balance at Sep. 30, 2019	138,527	80,518	58,198	(368)	179
Beginning balance at Jun. 30, 2019	135,075	80,190	55,224	(368)	29
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,623		3,623
Exercise of stock options and issuance of restricted shares	60	60
Share-based compensation	268	268
Cash dividends	(649)		(649)
Other comprehensive income	150				150
Ending balance at Sep. 30, 2019	138,527	80,518	58,198	(368)	179
Beginning balance at Dec. 31, 2019	170,578	109,964	60,791	(368)	191
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,021		12,021
Exercise of stock options and issuance of restricted shares	5	5
Share-based compensation	856	856
Cash dividends	(2,754)		(2,754)
Treasury stock purchase	(243)			(243)
Other comprehensive income	1,544				1,544
Ending balance at Sep. 30, 2020	182,007	110,825	70,058	(611)	1,735
Beginning balance at Jun. 30, 2020	177,484	110,546	66,067	(503)	1,374
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,910		4,910
Exercise of stock options and issuance of restricted shares	5	5
Share-based compensation	274	274
Cash dividends	(919)		(919)
Treasury stock purchase	(108)			(108)
Other comprehensive income	361				361
Ending balance at Sep. 30, 2020	$ 182,007	$ 110,825	$ 70,058	$ (611)	$ 1,735

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Stockholders' Equity [Abstract]
Stock issued for stock options exercised (in Shares)	755	8,358	755	24,277
Restricted shares issued (in Shares)	26,100	25,350	59,500	53,931
Cash dividends declared per share (in dollars per share)	$ 0.09	$ 0.075	$ 0.27	$ 0.225
Treasury stock purchased (in shares)	8,383		14,411

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
OPERATING ACTIVITIES:
Net income	$ 12,021	$ 10,390
Adjustments to reconcile net income to net cash (used in) provided by operating activities-
Provision for loan losses	5,340	1,050
Depreciation and amortization	1,561	1,020
Net amortization of premiums and discounts on securities	956	425
SBA loan discount accretion	(300)	(289)
Loss (gain) on sales and calls of securities available for sale	3	(16)
Gain on sales and calls of securities held to maturity	(100)	0
Gain on sales of other real estate owned	(71)	(137)
Gain on sales of loans held for sale	(6,987)	(3,556)
Originations of loans held for sale	(238,201)	(100,664)
Proceeds from sales of loans held for sale	222,919	100,502
Increase in cash surrender value on bank–owned life insurance	(557)	(437)
Gain on cash surrender value on bank-owned life insurance	(75)	0
Share-based compensation expense	856	833
Decrease in deferred tax asset	498	1,146
Noncash rent and equipment expense	144	152
(Increase) decrease in accrued interest receivable	(744)	208
(Increase) in other assets	(9,492)	(3,442)
(Decrease) increase in accrued interest payable	(523)	374
Increase (decrease) in accrued expenses and other liabilities	338	(693)
Net cash (used in) provided by operating activities	(12,414)	6,866
Purchases of securities:
Available for sale	(23,415)	(28,472)
Held to maturity	(32,665)	(9,101)
Proceeds from sales, calls, maturities and payments of securities:
Available for sale	45,425	27,988
Held to maturity	21,244	13,592
Proceeds from bank-owned life insurance benefits paid	179
Net redemption (purchase) of restricted stock	1,753	(2,062)
Net increase in loans	(239,517)	(142,053)
Capital expenditures	(248)	(657)
Proceeds from sales of other real estate owned	375	1,192
Net cash used in investing activities	(226,869)	(139,573)
FINANCING ACTIVITIES:
Exercise of stock options	5	149
Purchase of treasury shares	(243)	0
Cash dividends paid to shareholders	(2,754)	(1,942)
Net increase in deposits	233,671	72,387
Increase in short-term borrowings	13,817	66,025
Net cash provided by financing activities	244,496	136,619
Increase in cash and cash equivalents	5,213	3,912
Cash and cash equivalents at beginning of period	14,842	16,844
Cash and cash equivalents at end of period	20,055	20,756
Cash paid during the period for -
Interest	9,209	8,791
Income taxes	4,311	4,528
Non-cash investing and financing activities:
Right-of-use assets	250	15,080
Lease liability	$ 250	$ 15,699

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The accompanying unaudited consolidated financial statements include 1 ST Constitution Bancorp (the “Company”), its wholly-owned subsidiary, 1 ST Constitution Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries, 1 ST Constitution Investment Company of New Jersey, Inc., FCB Assets Holdings, Inc and 1st Constitution Real Estate Investment Corporation. 1 ST Constitution Capital Trust II, a subsidiary of the Company, is not included in the Company’s consolidated financial statements, as it is a variable interest entity and the Company is not the primary beneficiary. All significant intercompany accounts and transactions have been eliminated in consolidation. The accounting and reporting policies of the Company and its subsidiaries conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 16, 2020. Goodwill The Company completed its annual testing of goodwill for impairment in the fourth quarter of 2019 and concluded at that time that the fair value of the reporting unit exceeded the carrying amount of the reporting unit. In completing the impairment testing the Company identified a single reporting unit and the $35.0 million of goodwill at December 31, 2019 was assigned to the single reporting unit. The decline in the market price of the Company’s common stock and the resulting aggregate market capitalization of the Company declining below the total amount of common shareholders’ equity at September 30, 2020, was an indication that the carrying amount of goodwill may exceed its fair value. Even though the decline in the market price of the Company’s common stock during 2020 was consistent with a broad decline in the market value of all banking company stocks and was not specific to the Company, it was a triggering event that required an evaluation of the potential impairment of goodwill. For the third quarter of 2020, the Company performed a quantitative impairment test of goodwill utilizing a discounted cash flow valuation methodology based upon an updated five year projection of the Company’s financial performance. A discount rate was estimated utilizing the build up method with a risk free rate, an equity risk premium and a size premium. This discount rate was applied to the projected cash flows over the five year period, which included a terminal value in year five based on a multiple of the projected cash flow in year five. The year five terminal multiple was based upon the observed average market price to earnings multiple for the trailing last twelve months of earnings for companies included in the SNL US Bank Index at September 30, 2020. This multiple does not include a control premium. This estimated fair value exceeded the carrying value of shareholders’ equity at September 30, 2020 by 10.3%. The five year projection was based on the Company’s 2020 business plan, historical operating results and internal financial models and included key assumptions for significantly elevated loan losses as a result of the COVID pandemic in the first three years of the projection. The Company’s actual financial results for the quarter ended June 30, 2020 and September 30, 2020 exceeded the financial projections for those periods. It is not possible to know the severity and duration of the COVID-19 pandemic and the severity and duration of the economic disruption that will occur in the near term. While the Company has projected loan losses significantly higher than its historical experience in its five year projections, the actual loan losses may vary due to the uncertainty of the severity and duration of the economic disruption. Changes in market interest rates and the economic conditions in the Company’s market area may also affect the Company’s future net interest income and net income. If the Company’s common stock price remains below the Company’s book value per common share in future periods, the Company will continue to evaluate goodwill for impairment on a quarterly basis. Changes in economic conditions, actual loan losses at levels higher than projected, changes in market interest rates and changes in discount rates and valuation multiples may affect the Company’s financial projections and valuation. The Company may determine that goodwill becomes impaired in a future period and a portion or all of the goodwill may be written off. On the basis of the evaluation of goodwill, management concluded that it was more likely than not the fair value of the reporting unit exceeded the carrying value of the reporting unit. Accordingly, goodwill was not impaired at September 30, 2020. In the opinion of the Company, all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the operating results for the interim periods have been included. The results of operations for periods of less than a year are not necessarily indicative of results for the full year. The Company has evaluated events and transactions occurring subsequent to the balance sheet date of September 30, 2020 for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued. COVID-19 Impact The sudden emergence of the COVID-19 global pandemic in the first quarter of 2020, and the responses thereto (including business and school closures, restrictions on travel and social distancing protocols), has caused, and is continuing to cause, widespread uncertainty, social and economic disruption, highly volatile financial markets and unprecedented increases in unemployment levels in a short period of time. As a result, almost all businesses located in the Bank’s primary market areas of northern and central New Jersey, communities along the New Jersey shore, and the New York City metropolitan area, and their employees, have been adversely impacted. The ultimate impact of the COVID-19 pandemic on the businesses and the people in the communities that the Bank serves, and on the Company’s operations and financial performance, will depend on future developments related to the duration, extent and severity of the pandemic and measures taken by governmental and private parties in response thereto, including but not limited to the enactment of further legislation or the adoption of policies designed to deliver monetary aid and other relief to borrowers. In addition, to the extent that the Bank’s customers are not able to fulfill their contractual obligations, the Company’s business operations, asset valuations, financial condition, cash flows and results of operations could be materially adversely impacted. Material adverse impacts may also include all or a combination of valuation impairments on our intangible assets, investments, loans, deferred tax assets, or other real estate owned ("OREO"). Similarly, the Company’s operations rely on third-party vendors to process, record and monitor transactions. If any of these vendors are unable to provide these services, our ability to serve customers could be disrupted. The pandemic could also negatively impact customers’ ability to conduct banking and other financial transactions. The Company’s operations could also be adversely impacted if key personnel or a significant number of employees were unable to work due to illness or restrictions. On March 27, 2020, the President of the United States signed into law the Coronavirus Aid, Relief and Economic Security (“CARES”) Act to provide relief for individuals and businesses that have been negatively impacted by the COVID-19 pandemic. The CARES Act includes a provision for the Company to opt out of applying the “troubled-debt restructuring” accounting guidance in Accounting Standards Codification (“ASC”) Topic 310-40 for certain loan modifications. Loan modifications made between March 1, 2020 and the earlier of i) December 30, 2020 or ii) 60 days after the President declares a termination of the COVID-19 national emergency are eligible for this relief if the related loans were not more than 30 days past due as of December 31, 2019. The Bank adopted this provision as of March 31, 2020. Adoption of New Accounting Standards ASU 2018-15 - Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement (hosting arrangement) by providing guidance for determining when the arrangement includes a software license. The amendments in this Update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in this Update. The amendments in this ASU also require the entity (customer) to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement. The term of the hosting arrangement includes the non-cancellable period of the arrangement plus periods covered by (1) an option to extend the arrangement if the customer is reasonably certain to exercise that option, (2) an option to terminate the arrangement if the customer is reasonably certain not to exercise the termination option, and (3) an option to extend (or not to terminate) the arrangement in which exercise of the option is in the control of the vendor. The entity also is required to apply the existing impairment guidance in Subtopic 350-40 to the capitalized implementation costs as if the costs were long-lived assets. The amendments in this ASU also require the entity to present the expense related to the capitalized implementation costs in the same line item in the consolidated statements of income as the fees associated with the hosting element (service) of the arrangement and classify payments for capitalized implementation costs in the consolidated statements of cash flows in the same manner as payments made for fees associated with the hosting element. The entity is also required to present the capitalized implementation costs in the consolidated balance sheets in the same line item that a prepayment for the fees of the associated hosting arrangement would be presented. The adoption of this guidance in 2020 did not have a material impact on the Company's consolidated financial statements. ASU 2018-14 - Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20) In August 2018, the FASB issued ASU 2018-14 - “Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20),” which consists of amendments to the disclosure framework project to improve the effectiveness of disclosures in the notes to the financial statements. The amendments in this Update modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The following disclosure requirements are removed from Subtopic 715-20: 1. The amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year; 2. The amount and timing of plan assets expected to be returned to the employer; 3. The disclosures related to the June 2001 amendments to the Japanese Welfare Pension Insurance Law; 4. Related party disclosures about the amount of future annual benefits covered by insurance and annuity contracts and significant transactions between the employer or related parties and the plan; 5. For nonpublic entities, the reconciliation of the opening balances to the closing balances of plan assets measured on a recurring basis in Level 3 of the fair value hierarchy. However, nonpublic entities will be required to disclose separately the amounts of transfers into and out of Level 3 of the fair value hierarchy and purchases of Level 3 plan assets; and 6. For public entities, the effects of a one-percentage point change in assumed health care cost trend rates on the (a) aggregate of the service and interest cost components of net periodic benefit costs and (b) benefit obligation for postretirement health care benefits. The following disclosure requirements are added to Subtopic 715-20: 1. The weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates; and 2. An explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The amendments in this ASU also clarify the disclosure requirements in paragraph 715-20-50-3, which state that the following information for defined benefit pension plans should be disclosed: 1. The projected benefit obligation (“PBO”) and fair value of plan assets for plans with PBOs in excess of plan assets; and 2. The accumulated benefit obligation (“ABO”) and fair value of plan assets for plans with ABOs in excess of plan assets. The amendments in this ASU remove disclosures that no longer are considered cost beneficial, clarify the specific requirements of disclosures and add disclosure requirements identified as relevant. Although narrow in scope, the amendments are considered an important part of the FASB’s efforts to improve the effectiveness of disclosures in the notes to financial statements by applying concepts in the Concepts Statement.

Acquisition of Shore Community

Acquisition of Shore Community Bank	9 Months Ended
Acquisition of Shore Community Bank	Sep. 30, 2020
Business Combinations [Abstract]
Acquisition of Shore Community Bank	Acquisition of Shore Community Bank On November 8, 2019, the Company completed its acquisition of 100 percent of the shares of common stock of Shore Community Bank ("Shore"), which merged with and into the Bank (the “Shore Merger”). The former shareholders of Shore received total consideration of $54.3 million, which was comprised of 1,509,275 shares of common stock of the Company with a market value of $29.2 million and cash of $25.1 million, of which $925,000 was cash paid in exchange for unexercised outstanding stock options. The Shore Merger was accounted for under the acquisition method of accounting, and accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at preliminary estimated fair values as of the Shore Merger date. The excess of the fair value of the consideration paid over the preliminary net fair value of Shore's assets and liabilities resulted in the recognition of goodwill of $23.2 million. Shore’s results of operations have been included in the Company’s Consolidated Financial Statements since November 8, 2019. The assets acquired and liabilities assumed in the merger were recorded at their estimated fair values based on management’s best estimates, using information available at the date of the merger, including the use of third party valuation specialists. The measurement period may not exceed one year from the acquisition date and the measurement period for the Shore Merger is expected to end on November 7, 2020. The following table summarizes the fair value of the acquired assets and liabilities assumed as of November 8, 2019: (Dollars in thousands) Amount Consideration paid: Company stock issued $ 29,175 Cash payment 24,233 Cash payment for unexercised outstanding stock options 925 Total consideration paid $ 54,333 Recognized amounts of identifiable assets acquired and liabilities assumed at fair value: Cash and cash equivalents $ 32,599 Investment securities available for sale 26,440 Loans 205,833 Premises and equipment, net 4,433 Core deposit intangible asset 1,467 Bank-owned life insurance 7,250 Right-of-use assets 3,226 Accrued interest receivable 778 Other real estate owned 605 Other assets 2,518 Deposits (249,836) Lease liability (3,226) Other liabilities (948) Total identifiable assets and liabilities, net $ 31,139 Goodwill recorded from Shore merger $ 23,194 ASC Topic 805-10 provides that if the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the acquirer shall report, in its financial statements, provisional amounts for the items for which the accounting is incomplete. During the measurement period, the acquirer shall adjust the provisional amounts recognized at the acquisition date and may recognize additional assets or liabilities to reflect new information obtained from facts and circumstances that existed as of the acquisition date. Thus, the acquirer shall adjust its financial statements as needed, including recognizing in its current-period earnings the full effect of a change in depreciation, amortization, or other income effects, if any, as a result of the change to provisional amounts calculated as if the accounting had been completed at the acquisition date. The measurement period may not exceed one year from the acquisition date. Investments were recorded at fair value, utilizing quoted market prices on nationally recognized exchanges (Level 1) or by using Level 2 inputs. For Level 2 securities, the Company obtained fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayments speeds, credit information and the security’s terms and conditions, among other things. Loans acquired in the Shore Merger were recorded at fair value and subsequently accounted for in accordance with ASC Topic 310. The fair values of loans acquired were estimated, utilizing cash flow projections based on the remaining maturity and repricing terms. Cash flows were adjusted for estimated future credit losses of approximately $3.6 million and estimated prepayments. Projected cash flows were then discounted to present value, utilizing a risk-adjusted market rate for similar loans that management determined market participants would likely use. At the Shore Merger date, the Company recorded $201.3 million of loans without evidence of credit quality deterioration and $4.6 million of loans with evidence of credit quality deterioration. The following table summarizes the composition of the loans acquired and recorded at fair value: At November 8, 2019 (Dollars in thousands) Loans acquired with no credit quality deterioration Loans acquired with credit quality deterioration Total Commercial Construction $ 9,733 $ — $ 9,733 Commercial real estate 135,482 4,071 139,553 Commercial business 12,027 — 12,027 Residential real estate 36,849 500 37,349 Consumer 7,171 — 7,171 Total loans $ 201,262 $ 4,571 $ 205,833 The following is a summary of the loans acquired with evidence of deteriorated credit quality in the Shore Merger as of the date of the closing of the merger: (Dollars in thousands) Acquired Credit Impaired Loans Contractually required principal and interest at acquisition $ 7,584 Contractual cash flows not expected to be collected (non-accretable difference) 2,355 Expected cash flows at acquisition 5,229 Interest component of expected cash flows (accretable difference) 658 Fair value of acquired loans $ 4,571 Bank-owned life insurance was recorded at the cash surrender value of the insurance policies, which approximates the redemption value of the policies. The Company recorded a core deposit intangible asset related to a value ascribed to demand, interest checking, money market and savings account, referred to as core deposits, acquired as part of the acquisition. The value assigned to the acquired core deposits represents the future economic benefit of the potential cost savings from acquiring the core deposits, net of operating expenses and including ancillary fee income, compared to the cost of obtaining alternative funds from available market sources. Management used estimates including the expected attrition rates of depository accounts, future interest rate levels, and the cost of servicing various depository products. The core deposit intangible asset totaled $1.5 million and is being amortized over its estimated useful life of approximately 10 years, using an accelerated method. The following table presents the projected amortization of the core deposit intangible asset for each period beginning October 1, 2020: (Dollars in thousands) Amount Year 2020 $ 62 2021 236 2022 209 2023 182 2024 156 Thereafter 378 Total $ 1,223 The fair values of deposit liabilities with no stated maturities, such as checking, money market and savings accounts, were assumed to equal the carrying value amounts since these deposits are payable on demand. The fair values of certificates of deposit represent the present value of contractual cash flows discounted at market rates for similar certificates of deposit. Direct costs related to the Shore Merger were expensed as incurred. For the year ended December 31, 2019, the Company incurred $1.7 million of expenses for termination of contracts, legal and financial advisory fees, severance and other integration related expenses, which have been separately stated as merger-related expenses in the Company’s Consolidated Statements of Income. Supplemental Financial Information The following table presents financial information regarding the former Shore operations included in the Company’s Consolidated Statements of Income for the nine months ended September 30, 2020 under the column "Shore Nine Months Ended September 30, 2020." In addition, the table presents unaudited condensed pro forma financial information for the three and nine months ended September 30, 2019 assuming that the Shore Merger had been completed as of January 1, 2019. The table has been prepared for comparative purposes only and is not necessarily indicative of the actual results that would have been attained had the Shore Merger occurred as of the beginning of the periods presented, nor is it indicative of future results. Furthermore, the unaudited pro forma financial information does not reflect management’s estimate of any revenue-enhancing opportunities nor anticipated cost savings that may have occurred as a result of the integration and consolidation of Shore’s operations. (Dollars in thousands) Shore Nine Months Ended September 30, 2020 Actual for the Nine Months Ended September 30, 2020 Pro Forma for the Three Months Ended September 30, 2019 Pro Forma for the Nine Months Ended September 30, 2019 Net interest income $ 7,185 $ 42,136 $ 14,161 $ 41,936 Non-interest income 284 10,292 2,373 6,748 Non-interest expenses 2,869 30,528 9,312 29,048 Income taxes 1,108 4,494 1,731 4,939 Net income 2,997 12,066 5,171 13,528

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
Earnings Per Common Share	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share is calculated by dividing net income by the weighted average number of common shares outstanding during each period. Diluted earnings per common share is calculated by dividing net income by the weighted average number of common shares outstanding, as adjusted for the assumed exercise of dilutive common stock options using the treasury stock method. Awards of restricted shares are included in outstanding shares when granted. Unvested restricted shares are entitled to non-forfeitable dividends and participate in undistributed earnings with common shares. Awards of this nature are considered participating securities and basic and diluted earnings per share are computed under the two-class method. Dilutive securities in the tables below exclude common stock options with exercise prices that exceed the average market price of the Company’s common stock during the periods presented. Inclusion of these common stock options would be anti-dilutive to the diluted earnings per common share calculation. For the three months ended September 30, 2020 and 2019, 54,930 and 27,930 options, respectively, were anti-dilutive and were not included in the computation of diluted earnings per share. For the nine months ended September 30, 2020 and 2019, 41,430 and 27,930 options, respectively, were anti-dilutive and were not included in the computation of diluted earnings per share. The following table illustrates the calculation of both basic and diluted earnings per share for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands, except per share data) 2020 2019 2020 2019 Net income $ 4,910 $ 3,623 $ 12,021 $ 10,390 Basic weighted average shares outstanding 10,230,488 8,666,251 10,213,601 8,641,684 Plus: common stock equivalents 38,463 56,098 46,876 57,275 Diluted weighted average shares outstanding 10,268,951 8,722,349 10,260,477 8,698,959 Earnings per share: Basic $ 0.48 $ 0.42 1.18 1.20 Diluted $ 0.48 $ 0.42 1.17 1.19

Investment Securities

Investment Securities	9 Months Ended
Investment Securities	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities A summary of amortized cost and fair value of investment securities available for sale follows: September 30, 2020 (Dollars in thousands) Amortized Gross Gross Fair U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) $ 3,574 $ 1 $ (6) $ 3,569 Residential collateralized mortgage obligations - GSE 41,047 533 (159) 41,421 Residential mortgage backed securities - GSE 14,478 611 (7) 15,082 Obligations of state and political subdivisions 28,538 1,026 — 29,564 Trust preferred debt securities - single issuer 1,493 — (105) 1,388 Corporate debt securities 19,500 497 (72) 19,925 Other debt securities 24,112 323 (261) 24,174 Total $ 132,742 $ 2,991 $ (610) $ 135,123 December 31, 2019 (Dollars in thousands) Amortized Gross Gross Fair U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) $ 774 $ — $ (10) $ 764 Residential collateralized mortgage obligations - GSE 53,223 194 (242) 53,175 Residential mortgage backed securities - GSE 18,100 292 (5) 18,387 Obligations of state and political subdivisions 33,177 342 — 33,519 Trust preferred debt securities - single issuer 1,492 — (50) 1,442 Corporate debt securities 23,224 139 (84) 23,279 Other debt securities 25,378 80 (242) 25,216 Total $ 155,368 $ 1,047 $ (633) $ 155,782 A summary of amortized cost, carrying value and fair value of investment securities held to maturity follows: September 30, 2020 (Dollars in thousands) Amortized Other-Than- Carrying Gross Gross Fair Residential collateralized mortgage obligations - GSE $ 5,831 $ — $ 5,831 $ 246 $ — $ 6,077 Residential mortgage backed securities - GSE 26,863 — 26,863 1,260 — 28,123 Obligations of state and political subdivisions 52,842 — 52,842 970 (10) 53,802 Trust preferred debt securities - pooled 652 (478) 174 382 — 556 Other debt securities 2,101 — 2,101 76 — 2,177 Total $ 88,289 $ (478) $ 87,811 $ 2,934 $ (10) $ 90,735 December 31, 2019 (Dollars in thousands) Amortized Other-Than- Carrying Gross Gross Fair Residential collateralized mortgage obligations - GSE $ 5,117 $ — $ 5,117 $ 76 $ (35) $ 5,158 Residential mortgage backed securities - GSE 36,528 — 36,528 481 (54) 36,955 Obligations of state and political subdivisions 32,533 — 32,533 690 (25) 33,198 Trust preferred debt securities - pooled 657 (492) 165 479 — 644 Other debt securities 2,277 — 2,277 — (9) 2,268 Total $ 77,112 $ (492) $ 76,620 $ 1,726 $ (123) $ 78,223 At September 30, 2020 and December 31, 2019, $89.4 million and $92.2 million of investment securities, respectively, were pledged to secure public funds and collateralized borrowings from the Federal Home Loan Bank of New York (“FHLB”) and for other purposes required or permitted by law. Restricted stock was included in other assets at September 30, 2020 and December 31, 2019 and totaled $2.6 million and $4.3 million, respectively. Restricted stock consisted of $2.4 million of FHLB stock and $160,000 of Atlantic Community Bankers Bank stock at September 30, 2020 and $4.1 million of FHLB and $160,000 of Atlantic Community Bankers Bank stock at December 31, 2019. The following table sets forth certain information regarding the amortized cost, carrying value, fair value, weighted average yields and contractual maturities of the Company’s investment portfolio as of September 30, 2020. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2020 (Dollars in thousands) Amortized Cost Yield Available for sale Due in one year or less $ 5,047 $ 5,041 1.11 % Due after one year through five years 28,103 29,194 2.38 % Due after five years through ten years 33,831 34,088 1.77 % Due after ten years 65,761 66,800 2.15 % Total $ 132,742 $ 135,123 2.07 % Carrying Value Yield Held to maturity Due in one year or less $ 18,359 $ 18,411 2.43 % Due after one year through five years 6,279 6,464 4.56 % Due after five years through ten years 16,842 17,565 2.87 % Due after ten years 46,331 48,295 2.81 % Total $ 87,811 $ 90,735 2.87 % During the third quarter of 2020, $2.6 million of residential mortgage backed securities that were classified as held to maturity were sold and a gain of $87,000 was recognized. The remaining par values of all of these securities that were sold were less than 15% of the original par value. Accordingly, the securities sold were considered to be equivalent to holding the securities to their maturity. Gross unrealized losses on available for sale and held to maturity securities and the fair value of the related securities aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2020 and December 31, 2019 were as follows: September 30, 2020 Less than 12 months 12 months or longer Total (Dollars in thousands) Number Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Treasury securities and obligations of U.S. Government sponsored 1 $ 588 $ (6) $ — $ — $ 588 $ (6) Residential collateralized 7 7,948 (37) 11,610 (122) 19,558 (159) Residential mortgage backed 3 212 (7) — — 212 (7) Obligations of state and 3 2,782 (10) — — 2,782 (10) Trust preferred debt securities - 2 — — 1,389 (105) 1,389 (105) Corporate debt securities 3 2,980 (19) 4,947 (53) 7,927 (72) Other debt securities 9 — — 14,822 (261) 14,822 (261) Total temporarily impaired 28 $ 14,510 $ (79) $ 32,768 $ (541) $ 47,278 $ (620) December 31, 2019 Less than 12 months 12 months or longer Total (Dollars in thousands) Number Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Treasury securities and obligations of U.S. Government sponsored entities (GSE) and agencies 1 $ 764 $ (10) $ — $ — $ 764 $ (10) Residential collateralized 39 18,328 (138) 13,300 (139) 31,628 (277) Residential mortgage backed 13 5,505 (59) — — 5,505 (59) Obligations of state and 4 2,311 (25) 527 — 2,838 (25) Trust preferred debt securities - single issuer 2 — — 1,442 (50) 1,442 (50) Corporate debt securities 4 2,994 (5) 7,954 (79) 10,948 (84) Other debt securities 12 13,692 (151) 5,598 (100) 19,290 (251) Total temporarily impaired 75 $ 43,594 $ (388) $ 28,821 $ (368) $ 72,415 $ (756) U.S. Treasury securities and obligations of U.S. government-sponsored entities and agencies: The unrealized losses on investments in these securities were caused by increases in market interest rates. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Residential collateralized mortgage obligations and residential mortgage backed securities: The unrealized losses on investments in residential collateralized mortgage obligations and mortgage backed securities were caused by increases in market interest rates. The contractual cash flows of these securities are guaranteed by the issuers, which are primarily government or government sponsored agencies. It is expected that the securities would not be settled at a price less than the amortized cost of the investment. The decline in fair value is attributable to changes in interest rates and not credit quality. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Obligations of state and political subdivisions: The unrealized losses on investments in these securities were caused by increases in market interest rates. It is expected that the securities would not be settled at a price less than the amortized cost of the investment. None of the issuers have defaulted on interest payments. These investments are not considered to be other than temporarily impaired because the decline in fair value is attributable to changes in interest rates and not credit quality. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Trust preferred debt securities – single issuer : The investments in these securities with unrealized losses are comprised of two corporate trust preferred securities issued by one large financial institution that mature in 2027. The contractual terms of the trust preferred securities do not allow the issuer to settle the securities at a price less than the face value of the trust preferred securities, which is greater than the amortized cost of the trust preferred securities. The issuer maintains an investment grade credit rating and has not defaulted on interest payments. The decline in fair value is attributable to the widening of interest rate and credit spreads and the lack of an active trading market for these securities. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Corporate debt securities . The unrealized losses on investments in corporate debt securities were caused by an increase in market interest rates, which includes the yield required by market participants for the issuer’s credit risk. All of the issuers maintain an investment grade rating and none of the corporate issuers have defaulted on interest payments. The decline in fair value is attributable to changes in market interest rates. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Other debt securities . The unrealized losses on investments in other debt securities were caused by an increase in market interest rates, which includes the yield required by market participants for the issuer’s credit risk. All of the issuers maintain an investment grade rating and none of the issuers have defaulted on interest payments. The decline in fair value is attributable to changes in market interest rates. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Trust preferred debt securities – pooled: This trust preferred debt security was issued by a two issuer pool (Preferred Term Securities XXV, Ltd. co-issued by Keefe, Bruyette and Woods, Inc. and First Tennessee (“PRETSL XXV”)), consisting primarily of financial institution holding companies. During 2009, the Company recognized an other-than-temporary impairment charge of $865,000, of which $364,000 was determined to be a credit loss and charged to operations and $501,000 was recognized in the other comprehensive income (loss) component of shareholders’ equity. The primary factor used to determine the credit portion of the impairment loss to be recognized in the income statement for this security was the discounted present value of projected cash flow, where that present value of cash flow was less than the amortized cost basis of the security. The present value of cash flow was developed using a model that considered performing collateral ratios, the level of subordination to senior tranches of the security and credit ratings of and projected credit defaults in the underlying collateral. Due to recovery of the cash flows underlying the security, the Company began to accrete the $501,000 of impairment charge in the other comprehensive income component in 2019. Total accretion of $14,000 was recognized in the first nine months of 2020 as an increase in the carrying amount of the security. On a quarterly basis, management evaluates this security to determine if any additional other-than-temporary impairment is required. As of September 30, 2020, management concluded that no additional other-than-temporary impairment had occurred.

Allowance for Loan Losses and C

Allowance for Loan Losses and Credit Quality	9 Months Ended
Allowance for Loan Losses and Credit Quality	Sep. 30, 2020
Receivables [Abstract]
Allowance for Loan Losses and Credit Quality	Allowance for Loan Losses and Credit Quality The Company’s primary lending emphasis is the origination of commercial real estate loans, mortgage warehouse lines of credit and commercial business loans. Based on the composition of the loan portfolio, the inherent primary risks are deteriorating credit quality, a decline in the economy and a decline in New Jersey and New York City metropolitan area real estate market values. Any one, or a combination, of these events may adversely affect the loan portfolio and may result in increased delinquencies, loan losses and increased future provision levels. The following table provides an aging of the loan portfolio by loan class at September 30, 2020: (Dollars in thousands) 30-59 Days 60-89 Greater Total Past Current Total Recorded Non-accrual Commercial real estate $ 2,290 $ 3,264 $ 4,263 $ 9,817 $ 606,140 $ 615,957 $ — $ 8,083 Mortgage warehouse lines — — — — 374,007 374,007 — — Construction — — 7,500 7,500 134,083 141,583 — 7,500 Commercial business 961 118 299 1,378 208,626 210,004 — 444 Residential real estate 310 882 754 1,946 86,260 88,206 92 817 Loans to individuals — — 300 300 27,132 27,432 — 309 Other loans — — — — 122 122 — — Total loans $ 3,561 $ 4,264 $ 13,116 $ 20,941 $ 1,436,370 1,457,311 $ 92 $ 17,153 Deferred loan (fees) costs, net (1,627) Total loans $ 1,455,684 The following table provides an aging of the loan portfolio by loan class at December 31, 2019: (Dollars in thousands) 30-59 Days 60-89 Greater than Total Past Current Total Recorded Non-accrual Commercial real estate $ 238 $ 1,927 $ 3,882 $ 6,047 $ 561,608 $ 567,655 $ — $ 2,596 Mortgage warehouse lines — — — — 236,672 236,672 — — Construction — — — — 148,939 148,939 — — Commercial business 381 — 330 711 138,560 139,271 — 501 Residential real estate 2,459 271 677 3,407 86,852 90,259 — 708 Loans to individuals 296 — 311 607 31,997 32,604 — 692 Other loans — — — — 137 137 — — Total loans $ 3,374 $ 2,198 $ 5,200 $ 10,772 $ 1,204,765 1,215,537 $ — $ 4,497 Deferred loan costs, net 491 Total loans $ 1,216,028 As provided by (“ASC”) 310-30, the excess of cash flows expected at acquisition over the initial investment in the loan is recognized as interest income over the life of the loan. At September 30, 2020 and December 31, 2019, there were $4.0 million and $5.4 million of purchased credit impaired loans, respectively, that were not classified as non-performing loans due to the accretion of income. The Company’s internal credit risk grades are based on the definitions currently utilized by the banking regulatory agencies. The grades assigned and their definitions are as follows: 1. Excellent - Loans that are based upon cash collateral held at the Company and adequately margined. Loans that are based upon “blue chip” stocks listed on the major stock exchanges and adequately margined. 2. Above Average - Loans to companies whose balance sheets show excellent liquidity and long-term debt is on well-spread schedules of repayment easily covered by cash flow. Such companies have been consistently profitable and have diversification in their product lines or sources of revenue. The continuation of profitable operations for the foreseeable future is likely. Management is comprised of a mix of ages, experience and backgrounds and management succession is in place. Sources of raw materials and, for service companies, the sources of revenue are abundant. Future needs have been planned for. Character and management ability of individuals or company principals are excellent. Loans to individuals are supported by their high net worth and liquid assets. 3. Good - Loans to companies whose balance sheets show good liquidity and cash flow adequate to meet maturities of long-term debt with a comfortable margin. Such companies have established profitable records over a number of years, and there has been growth in net worth. Operating ratios are in line with those of the industry, and expenses are in proper relationship to the volume of business done and the profits achieved. Management is well-balanced and competent in their responsibilities. Economic environment is favorable; however, competition is strong. The prospects for growth are good. Loans in this category do not meet the collateral requirements of loans graded excellent and above average. 3w. Watch - Included in this category are loans evidencing problems identified by Company management that require closer supervision, but do not require a “special mention” rating. This category also covers situations where the Company does not have adequate current information upon which credit quality can be determined. The account officer has the obligation to correct these deficiencies within 30 days from the time of notification. Loans that received modification to provide a deferral of interest and or principal for up to 90 days that complied with the CARES Act criteria were rated watch by management. 4. Special Mention - A “special mention” loan has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the Company’s credit position at some future date. Special mention loans are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. 5. Substandard - A “substandard” loan is inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. 6. Doubtful - A loan classified as “doubtful” has all the weaknesses inherent of a loan classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. 7. Loss - A loan classified as “loss” is considered uncollectible and of such little value that its continuance on the books is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value. Rather, this classification indicates that it is not practical or desirable to defer writing off this loan even though partial recovery may occur in the future. Loans graded as “excellent,” “above average,” “good” and “watch” are treated as “pass” for grading purposes. The following table provides a breakdown of the loan portfolio by credit quality indicator at September 30, 2020: (Dollars in thousands) Commercial Credit Exposure - By Internally Assigned Grade Construction Commercial Commercial Mortgage Residential Pass $ 134,083 $ 199,857 $ 576,015 $ 373,070 $ 85,118 Special Mention — 3,117 14,930 937 1,243 Substandard 7,500 6,794 25,012 — 1,845 Doubtful — 236 — — — Total $ 141,583 $ 210,004 $ 615,957 $ 374,007 $ 88,206 Consumer Credit Exposure - By Payment Activity Loans To Other loans Performing $ 27,123 $ 122 Non-performing 309 — Total $ 27,432 $ 122 The following table provides a breakdown of the loan portfolio by credit quality indicator at December 31, 2019: (Dollars in thousands) Commercial Credit Exposure - By Internally Assigned Grade Construction Commercial Commercial Mortgage Residential Pass $ 147,132 $ 135,804 $ 538,104 $ 235,808 $ 87,512 Special Mention — 1,990 9,994 864 922 Substandard 1,807 1,477 19,557 — 1,825 Doubtful — — — — — Total $ 148,939 $ 139,271 $ 567,655 $ 236,672 $ 90,259 Consumer Credit Exposure - By Payment Activity Loans To Other loans Performing $ 31,912 $ 137 Non-performing 692 — Total $ 32,604 $ 137 Impaired Loans Loans are considered to be impaired when, based on current information and events, it is determined that the Company will not be able to collect all amounts due according to the loan agreement, including scheduled interest payments. When a loan is placed on non-accrual status, it is also considered to be impaired. Loans are placed on non-accrual status when: (1) the full collection of interest or principal becomes uncertain or (2) the loans are contractually past due 90 days or more as to interest or principal payments unless the loans are both well secured and in the process of collection. The following tables summarize the distribution of the allowance for loan losses and loans receivable by loan class and impairment method at September 30, 2020 and December 31, 2019: September 30, 2020 (Dollars in thousands) Construction Commercial Commercial Mortgage Residential Loans to Other Loans Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ 1,433 $ 89 $ 87 $ — $ — $ — $ — $ — $ 1,609 Loans acquired with deteriorated credit quality — — 9 — — — — — 9 Collectively evaluated for impairment 1,786 2,482 5,981 1,707 524 179 173 12,832 Ending Balance $ 3,219 $ 2,571 $ 6,077 $ 1,707 $ 524 $ 179 $ — $ 173 $ 14,450 Loans receivable: Individually evaluated for impairment $ 7,500 $ 1,183 $ 12,634 $ — $ 817 $ 310 $ — $ — $ 22,444 Loans acquired with deteriorated credit quality — 315 4,863 — 402 — — — 5,580 Collectively evaluated for impairment 134,083 208,506 598,460 374,007 86,987 27,122 122 — 1,429,287 Ending Balance $ 141,583 $ 210,004 $ 615,957 $ 374,007 $ 88,206 $ 27,432 $ 122 $ — 1,457,311 Deferred loan fees, net (1,627) $ 1,455,684 December 31, 2019 (Dollars in thousands) Construction Commercial Commercial Mortgage Residential Loans to Other Loans Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ 8 $ 7 $ 50 $ — $ — $ — $ — $ — $ 65 Loans acquired with deteriorated credit quality — 3 1 — — — — — 4 Collectively evaluated for impairment 1,381 1,399 4,473 1,083 412 185 — 269 9,202 Ending Balance $ 1,389 $ 1,409 $ 4,524 $ 1,083 $ 412 $ 185 $ — $ 269 $ 9,271 Loans receivable: Individually evaluated for impairment $ 1,807 $ 1,251 $ 6,171 $ — $ 708 $ 692 $ — $ — $ 10,629 Loans acquired with deteriorated credit quality — 334 5,419 — 504 — — — 6,257 Collectively evaluated for impairment 147,132 137,686 556,065 236,672 89,047 31,912 137 — 1,198,651 Ending Balance $ 148,939 $ 139,271 $ 567,655 $ 236,672 $ 90,259 $ 32,604 $ 137 $ — 1,215,537 Deferred loan costs, net 491 $ 1,216,028 At September 30, 2020, there were $75.6 million of Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loans which are 100% guaranteed by the SBA, and, accordingly, no allowance was provided for such loans. The activity in the allowance for loan loss by loan class for the three and nine months ended September 30, 2020 and 2019 was as follows : Balance - (Dollars in thousands) Construction Commercial Commercial Mortgage Residential Loans to Individuals Other Loans Unallocated Total Balance - July 1, 2020 $ 1,661 $ 1,780 $ 6,619 $ 1,337 $ 506 $ 182 $ — $ 41 $ 12,126 Provision charged/(credited) to operations 1,558 791 (549) 370 18 — — 132 2,320 Loans charged off — — — — — (3) — — (3) Recoveries of loans charged off — — 7 — — — — — 7 Balance - September 30, 2020 $ 3,219 $ 2,571 $ 6,077 $ 1,707 $ 524 $ 179 $ — $ 173 $ 14,450 Balance - July 1, 2019 $ 1,760 $ 1,546 $ 3,754 $ 933 $ 480 $ 142 $ — $ 26 $ 8,641 Provision charged/(credited) to operations (175) (148) 533 204 (74) 8 — 2 350 Loans charged off — — (18) — — — — — (18) Recoveries of loans charged off — — — — — 4 — — 4 Balance - September 30, 2019 $ 1,585 $ 1,398 $ 4,269 $ 1,137 $ 406 $ 154 $ — $ 28 $ 8,977 (Dollars in thousands) Construction Commercial Commercial Mortgage Residential Loans to Individuals Other Loans Unallocated Total Balance - January 1, 2020 $ 1,389 $ 1,409 $ 4,524 $ 1,083 $ 412 $ 185 $ — $ 269 $ 9,271 Provision charged/(credited) to operations 1,830 1,327 1,546 624 112 (3) — (96) 5,340 Loans charged off — (165) — — — (3) — — (168) Recoveries of loans charged off — — 7 — — — — — 7 Balance - September 30, 2020 $ 3,219 $ 2,571 $ 6,077 $ 1,707 $ 524 $ 179 $ — $ 173 $ 14,450 January 1, 2019 $ 1,732 $ 1,829 $ 3,439 $ 731 $ 431 $ 148 $ — $ 92 $ 8,402 Provision charged/(credited) to operations (147) (86) 923 406 (25) — 43 (64) 1,050 Loans charged off — (345) (93) — — — (43) — (481) Recoveries of loans charged off — — — — — 6 — — 6 Balance - September 30, 2019 $ 1,585 $ 1,398 $ 4,269 $ 1,137 $ 406 $ 154 $ — $ 28 $ 8,977 When a loan is identified as impaired, the measurement of impairment is based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole remaining source of repayment for the loan is the liquidation of the collateral. In such cases, the current fair value of the collateral less selling costs is used. If the value of the impaired loan is less than the recorded investment in the loan, the impairment is recognized through an allowance estimate or a charge to the allowance. Impaired Loans Receivables (By Class) Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (Dollars in thousands) Recorded Unpaid Related Average Interest Average Interest With no allowance: Commercial: Construction $ — $ — $ — $ 6,185 $ — $ 6,197 $ — Commercial Business 1,284 2,686 — 1,509 17 1,408 51 Commercial Real Estate 15,327 16,541 — 14,328 146 10,334 439 Mortgage Warehouse Lines — — — — — — — Subtotal 16,611 19,227 — 22,022 163 17,939 490 Residential Real Estate 1,219 1,470 — 1,265 7 1,277 25 Consumer: Loans to Individuals 310 337 — 419 — 539 — Other loans — 2 — — — — — Subtotal 310 339 — 419 — 539 — With no allowance: $ 18,140 $ 21,036 $ — $ 23,706 $ 170 $ 19,755 $ 515 With an allowance: Commercial: Construction $ 7,500 $ 7,500 $ 1,433 $ 2,500 $ — $ 1,235 $ — Commercial Business 214 214 89 214 — 337 — Commercial Real Estate 2,170 3,478 96 2,923 21 3,717 63 Mortgage Warehouse Lines — — — — — — — Subtotal 9,884 11,192 1,618 5,637 21 5,289 63 Residential Real Estate — — — — — — — Consumer: Loans to Individuals — — — — — — — Other loans — — — — — — — Subtotal — — — — — — — With an allowance: $ 9,884 $ 11,192 $ 1,618 $ 5,637 $ 21 $ 5,289 $ 63 Total: Construction 7,500 7,500 1,433 8,685 — 7,432 — Commercial Business 1,498 2,900 89 1,723 17 1,745 51 Commercial Real Estate 17,497 20,019 96 17,251 167 14,051 502 Mortgage Warehouse Lines — — — — — — — Residential Real Estate 1,219 1,470 — 1,265 7 1,277 25 Consumer 310 339 — 419 — 539 — Total $ 28,024 $ 32,228 $ 1,618 $ 29,343 $ 191 $ 25,044 $ 578 Impaired Loans Receivables (By Class) December 31, 2019 (Dollars in thousands) Recorded Unpaid Related With no allowance: Commercial: Construction $ — $ — $ — Commercial Business 680 1,971 — Commercial Real Estate 7,141 8,204 — Mortgage Warehouse Lines — — — Subtotal 7,821 10,175 — Residential Real Estate 1,212 1,465 — Consumer: Loans to Individuals 692 802 — Other loans — — — Subtotal 692 802 — With no allowance $ 9,725 $ 12,442 $ — With an allowance: Commercial: Construction $ 1,807 $ 1,807 $ 8 Commercial Business 905 993 10 Commercial Real Estate 4,449 5,757 51 Mortgage Warehouse Lines — — — Subtotal 7,161 8,557 69 Residential Real Estate — — — Consumer: Loans to Individuals — — — Other loans — — — Subtotal — — — With an allowance $ 7,161 $ 8,557 $ 69 Total: Construction $ 1,807 $ 1,807 $ 8 Commercial Business 1,585 2,964 10 Commercial Real Estate 11,590 13,961 51 Mortgage Warehouse Lines — — — Residential Real Estate 1,212 1,465 — Consumer 692 802 — Total $ 16,886 $ 20,999 $ 69 Impaired Loans Receivables (By Class) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (Dollars in thousands) Average Interest Income Recognized Average Interest Income Recognized With no allowance: Commercial: Construction $ — $ — $ 46 $ 2 Commercial Business 951 4 952 56 Commercial Real Estate 2,819 17 1,999 50 Mortgage Warehouse Lines — — — Subtotal 3,770 21 2,997 108 Residential Real Estate 1,402 — 1,296 — Consumer: Loans to Individuals 792 — 675 — Other loans — — — Subtotal 792 — 675 — With no allowance $ 5,964 $ 21 $ 4,968 $ 108 With an allowance: Commercial: Construction $ 602 $ 29 $ 201 $ 29 Commercial Business 578 20 1,008 23 Commercial Real Estate 4,782 59 4,611 176 Mortgage Warehouse Lines — — — — Subtotal 5,962 108 5,820 228 Residential Real Estate — — — — Consumer: Loans to Individuals — — — — Other loans — — — — Subtotal — — — — With an allowance $ 5,962 $ 108 $ 5,820 $ 228 Total: Construction $ 602 $ 29 247 31 Commercial Business 1,529 24 1,960 79 Commercial Real Estate 7,601 76 6,610 226 Mortgage Warehouse Lines — — — — Residential Real Estate 1,402 — 1,296 — Consumer 792 — 675 — Total $ 11,926 $ 129 $ 10,788 $ 336 Purchased Credit-Impaired Loans Purchased credit-impaired loans (“PCI”) are loans acquired at a discount due in part to the deteriorated credit quality. On November 8, 2019, as part of the Shore Merger, the Company acquired purchased credit-impaired loans with loan balances totaling $6.3 million and fair values totaling $4.6 million. The following table presents additional information regarding purchased credit-impaired loans at September 30, 2020 and December 31, 2019: (Dollars in thousands) September 30, 2020 December 31, 2019 Outstanding balance $ 6,907 $ 8,038 Carrying amount $ 5,581 $ 6,257 Changes in accretable discount for purchased credit-impaired loans for the three and nine months ended September 30, 2020 and September 30, 2019 were as follows: Three months ended September 30, Nine months ended September 30, (Dollars in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 426 $ 94 $ 657 $ 164 Acquisition of impaired loans — — — — Accretion of discount (112) (23) (343) (93) Balance at end of period $ 314 $ 71 $ 314 $ 71 Consumer Mortgage Loans Secured by Residential Real Estate in Process of Foreclosure The following table summarizes the recorded investment in consumer mortgage loans secured by residential real estate in the process of foreclosure (dollars in thousands): September 30, 2020 December 31, 2019 Number of loans Recorded Investment Number of loans Recorded Investment 1 $ 311 2 $ 382 Troubled Debt Restructurings In the normal course of business, the Bank may consider modifying loan terms for various reasons. These reasons may include as a retention strategy to compete in the current interest rate environment or to re-amortize or extend a loan term to better match the loan’s repayment stream with the borrower’s cash flow. A modified loan would be considered a troubled debt restructuring (“TDR”) if the Bank grants a concession to a borrower and has determined that the borrower is troubled (i.e., experiencing financial difficulties). If the Bank restructures a loan to a troubled borrower, the loan terms (i.e., interest rate, payment, amortization period and maturity date) may be modified in various ways to enable the borrower to cover the modified debt service payments based on current financial statements and cash flow adequacy. If a borrower’s hardship is thought to be temporary, then modified terms may be offered for only that time period. Where possible, the Bank attempts to obtain additional collateral and/or secondary repayment sources at the time of the restructuring in order to put the Bank in the best possible position if the borrower is not able to meet the modified terms. The Bank will not offer modified terms if it believes that modifying the loan terms will only delay an inevitable permanent default. In evaluating whether a restructuring constitutes a TDR, applicable guidance requires that a creditor must separately conclude that the restructuring constitutes a concession and the borrower is experiencing financial difficulties. There were no loans modified as a TDR during the nine months ended September 30, 2020. There were three commercial business loans with an aggregate pre- and post-modified recorded investment of $596,000 and one construction loan with a pre- and post-modified recorded investment of $1.8 million that were each modified as a TDR during the nine months ended September 30, 2019. There were no TDRs that subsequently defaulted within 12 months of restructuring during the nine months ended September 30, 2020 and 2019. Pursuant to the CARES Act, loan modifications made between March 1, 2020 and the earlier of i) December 30, 2020 or ii) 60 days after the President declares a termination of the COVID-19 national emergency are not classified as TDRs if the related loans were not more than 30 days past due as of December 31, 2019. For the nine months ended September 30, 2020, $149.3 million of loans to borrowers had been modified to defer the payment of interest and or principal for up to 90 days. These modified loans were not considered to be TDRs under the CARES Act. Through September 30, 2020, $140.9 million of commercial business and commercial real estate loans and $8.4 million of consumer loans had been modified to provide deferral of interest and or principal by borrowers for up to 90 days. As of September 30, 2020, $123.6 million of these modified loans that had previously received deferrals were no longer deferred and had made the contractually due payments. During the third quarter of 2020, commercial business and commercial real estate loans totaling $10.3 million received a second deferral and commercial real estate loans totaling $1.8 million received a first deferral of interest and or principal for up to 90 days. Commercial real estate loans totaling $4.6 million that had received deferrals in the second quarter of 2020 were placed on non-accrual in the third quarter of 2020. One commercial real estate loan in the amount of $595,000 had not made the first payment after the end of the deferral period. Commercial business and commercial real estate loans with a deferral of principal and or interest for up to 90 days totaled $12.1 million at September 30, 2020. During the third quarter of 2020, all but $974,000 of the $8.4 million of consumer loans that had received a deferral made the contractually due payments.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
Revenue from Contracts with Customers	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within non-interest income. The following table presents the Company’s sources of non-interest income for the three and nine months ended September 30, 2020 and 2019. Items outside the scope of ASC 606 are noted as such. Three months ended Nine months ended (Dollars in thousands) September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Service charges on deposit accounts: Overdraft fees $ 32 $ 100 $ 157 $ 272 Other 94 65 314 218 Interchange income 186 122 487 343 Other income - in scope 105 103 320 309 Gain on sale of OREO 71 — 71 137 Income on bank-owned life insurance (1) 188 149 632 437 Gain on sales of loans (1) 3,396 1,351 6,987 3,556 Loan servicing fees (1) 164 181 487 540 Gain on sales and calls of securities (1) 79 16 97 16 Other income (1) 421 119 740 414 $ 4,736 $ 2,206 $ 10,292 $ 6,242 (1) Not within the scope of ASC 606

Share-Based Compensation

Share-Based Compensation	9 Months Ended
Share-Based Compensation	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation The Company’s share-based incentive plans (“Stock Plans”) authorize the issuance of an aggregate of 945,873 shares of the Company’s common stock (as adjusted for stock dividends) through awards that may be granted in the form of stock options to purchase common stock (each an “Option” and collectively, “Options”), awards of restricted shares of common stock (“Stock Awards”), restricted stock units (“RSUs”), stock appreciation rights or such other awards as the Compensation Committee of the Board of Directors (the “Compensation Committee”) may determine. As of September 30, 2020, there were 372,491 shares of common stock available for future grants under the Stock Plans. The following table summarizes Options activity during the nine months ended September 30, 2020: (Dollars in thousands, except share amounts) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at January 1, 2020 122,151 $ 9.85 3.9 1,500 Granted 27,000 17.53 9.4 Exercised (755) 6.93 Outstanding at September 30, 2020 148,396 $ 11.26 4.3 $ 440 Exercisable at September 30, 2020 114,996 $ 9.30 3.0 $ 440 The fair value of each Option and the significant weighted average assumptions used to calculate the fair value of the Options granted during the nine months ended September 30, 2020 were as follows: Grant Date January 6, 2020 March 19, 2020 Fair value of options granted $ 5.27 $ 2.09 Risk-free rate of return 1.72 % 1.00 % Expected option life in years 7 7 Expected volatility 24.53 % 24.63 % Expected dividends 1.35 % 2.86 % Share-based compensation expense related to Options was $58,000 and $47,000 for the nine months ended September 30, 2020 and 2019, respectively. As of September 30, 2020, there was approximately $109,000 of unrecognized compensation cost related to unvested Options. The following table summarizes the activity in Stock Awards for the nine months ended September 30, 2020: (Dollars in thousands, except share amounts) Number of Shares Average Grant-Date Fair Value Outstanding at January 1, 2020 134,359 $ 13.84 Granted 59,500 14.45 Vested (62,501) 17.31 Non-vested at September 30, 2020 131,358 $ 12.46 Share-based compensation expense related to Stock Awards was $798,000 and $786,000 for the nine months ended September 30, 2020 and 2019, respectively. As of September 30, 2020, there was approximately $1.8 million of unrecognized compensation cost related to unvested Stock Awards. The following table summarizes the activity in RSUs for the nine months ended September 30, 2020: (Dollars in thousands, except share amounts) Number of Shares Average Grant-Date Fair Value Outstanding at January 1, 2020 10,300 $ 19.38 Granted 18,950 21.92 Vested (3,433) 19.38 Non-vested at September 30, 2020 25,817 $ 21.24 Share-based compensation expense related to RSUs was $130,000 and $50,000 for the nine months ended September 30, 2020 and 2019, respectively. As of September 30, 2020, there was approximately $229,000 of unrecognized compensation cost related to unvested RSUs.

Benefit Plans

Benefit Plans	9 Months Ended
Benefit Plans	Sep. 30, 2020
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans The Bank has a 401(k) plan that covers substantially all employees with six months or more of service. The Bank’s 401(k) plan permits all eligible employees to make contributions to the plan up to the IRS salary deferral limit. The Bank’s contributions to the 401(k) plan are expensed as incurred. The Company also provides retirement benefits to certain employees under supplemental executive retirement plans. The plans are unfunded and the Company accrues actuarially determined benefit costs over the estimated service period of the employees in the plans. The Company recognizes the over-funded or under-funded status of a defined benefit post-retirement plan as an asset or liability on its balance sheet and recognizes changes in that funded status in the year in which the changes occur through comprehensive income. At September 30, 2020 and December 31, 2019, the Company’s President and Chief Executive Officer was the only eligible participant in the supplemental executive retirement plans. In connection with the benefit plans, the Bank has life insurance policies on the lives of its executive officers, directors and certain employees. The Bank is the owner and beneficiary of these policies. The cash surrender values of these policies totaled approximately $37.1 million and $36.7 million at September 30, 2020 and December 31, 2019, respectively. The components of net periodic expense for the Company’s supplemental executive retirement plans for the three and nine months ended September 30, 2020 and 2019 were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) 2020 2019 2020 2019 Service cost $ 46 $ 48 $ 138 $ 142 Interest cost 42 40 124 122 Actuarial gain recognized (51) (44) (151) (132) Total $ 37 $ 44 $ 111 $ 132

Other Comprehensive Income (Los

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) Other comprehensive income (loss) is the total of (1) net income (loss) and (2) all other changes in equity from non-shareholder sources, which are referred to as other comprehensive income (loss). The components of accumulated other comprehensive income (loss), and the related tax effects, are as follows: September 30, 2020 (Dollars in thousands) Before-Tax Income Tax Net-of-Tax Net unrealized holding gains on investment securities available for sale $ 2,381 $ (587) $ 1,794 Unrealized impairment loss on held to maturity security (478) 114 (364) Gains on unfunded pension liability 424 (119) 305 Accumulated other comprehensive income $ 2,327 $ (592) $ 1,735 December 31, 2019 (Dollars in thousands) Before-Tax Income Tax Net-of-Tax Net unrealized holding gains on investment securities available for sale $ 414 $ (111) $ 303 Unrealized impairment loss on held to maturity security (492) 118 (374) Gains on unfunded pension liability 364 (102) 262 Accumulated other comprehensive income $ 286 $ (95) $ 191 Changes in the components of accumulated other comprehensive income (loss) are as follows and are presented net of tax for the three and nine months ended September 30, 2020 and September 30, 2019: (Dollars in thousands) Unrealized Unrealized Unfunded Accumulated Balance - July 1, 2020 $ 1,452 $ (369) $ 291 $ 1,374 Other comprehensive income before reclassifications 332 — 50 382 Amounts reclassified from accumulated other comprehensive income — 5 (36) (31) Reclassification adjustment for losses realized in income 10 — — 10 Other comprehensive income 342 5 14 361 Balance - September 30, 2020 $ 1,794 $ (364) $ 305 $ 1,735 Balance - July 1, 2019 $ 162 $ (379) $ 246 $ 29 Other comprehensive income before reclassifications 152 — 38 190 Amounts reclassified from accumulated other comprehensive income — 2 (30) (28) Reclassification adjustment for gains realized in income (12) — — (12) Other comprehensive income 140 2 8 150 Balance - September 30, 2019 $ 302 $ (377) $ 254 $ 179 January 1, 2020 $ 303 $ (374) $ 262 $ 191 Other comprehensive income before reclassifications 1,489 — 149 1,638 Amounts reclassified from accumulated other comprehensive income — 10 (106) (96) Reclassification adjustment for losses realized in income 2 — — 2 Other comprehensive income 1,491 10 43 1,544 Balance - September 30, 2020 $ 1,794 $ (364) $ 305 $ 1,735 January 1, 2019 $ (1,679) $ (382) $ 228 $ (1,833) Other comprehensive income before reclassifications 1,993 — 118 2,111 Amounts reclassified from accumulated other comprehensive income — 5 (92) (87) Reclassification adjustment for gains realized in income (12) — — (12) Other comprehensive income 1,981 5 26 2,012 Balance - September 30, 2019 $ 302 $ (377) $ 254 $ 179

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2016-13 - Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU No. 2016-13 "Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments," which requires credit losses on most financial assets to be measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (CECL) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The ASU also replaces the current accounting model for purchased credit impaired loans and debt securities. The allowance for credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination ("PCD assets") should be determined in a similar manner to other financial assets measured on an amortized cost basis. Upon initial recognition, the allowance for credit losses is added to the purchase price ("gross up approach") to determine the initial amortized cost basis. The subsequent accounting for PCD assets will use the CECL model described above. The ASU made certain targeted amendments to the existing impairment model for available-for-sale (AFS) debt securities. For an AFS debt security for which there is neither the intent nor a more-likely-than-not requirement to sell, an entity will record credit losses as an allowance rather than a write-down of the amortized cost basis. For the Company, the provisions of this ASU are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted for all entities as of the fiscal year beginning after December 15, 2018, including interim periods within those fiscal years. The Company has completed the initial analysis of its financial assets and will continue to build and validate the CECL models in 2020 to evaluate the impact of the adoption of the new standard on its consolidated financial statements. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. The amendments in this ASU make minor improvements to the Codification by eliminating certain inconsistencies and clarifying the current guidance. In June 2019, the FASB issued ASU 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief . This ASU provides optional targeted transition relief that allows reporting entities to irrevocably elect the fair value option on financial instruments that 1) were previously recorded at amortized cost and 2) are within the scope of Topic 326 if the instruments are eligible for the fair value option under Topic 825. The new guidance is effective for public companies for annual reporting periods and interim periods within those annual periods beginning after December 15, 2019. In November 2019, the FASB issued ASU No. 2019-10, “Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842). ASU 2019-10 provides that the FASB’s recently developed philosophy regarding the implementation of effective dates applies to ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), among other ASUs. For the Company, the provisions of this ASU are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted for all entities as of the fiscal year beginning after December 15, 2018, including interim periods within those fiscal years. See the discussions regarding the adoption of ASU 2016-13 above. Also in November 2019, the FASB issued ASU No. 2019-11, “Financial Instruments - Credit Losses: Codification Improvements (Topic 326)” to clarify its new credit impairment guidance in ASC 326, based on implementation issues raised by stakeholders. ASU 2019-11 clarifies that expected recoveries are to be included in the allowance for credit losses for these financial assets; an accounting policy election can be made to adjust the effective interest rate for existing troubled debt restructurings based on the prepayment assumptions instead of the prepayment assumptions applicable immediately prior to the restructuring event; and extends the practical expedient to exclude accrued interest receivable from all additional relevant disclosures involving the amortized cost basis. For the Company, the provisions of this ASU are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted for all entities as of the fiscal year beginning after December 15, 2018, including interim periods within those fiscal years. See the discussions regarding the adoption of ASU 2016-13 above. ASU 2020-02 - Financial Instruments - Credit Losses (Topic 326) and Leases (Topic 842) In January 2020, the FASB issued ASU No. 2020-02, “Financial Instruments - Credit Losses (Topic 326) and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842).” This ASU adds and amends SEC paragraphs in the Accounting Standards Codification to reflect the issuance of SEC Staff Accounting Bulletin No. 119, related to the new credit losses standard, and comments by the SEC staff related to the revised effective date of the new leases standard. This ASU is effective upon issuance. See the discussion regarding the adoption of ASU 2016-13 above. ASU 2020-03 - Codification Improvements to Financial Instruments In March 2020, the FASB issued ASU No. 2020-03, “Codification Improvements to Financial Instruments.” This ASU clarifies various financial instruments topics, including the CECL standard issued in 2016. Amendments related to ASU 2016-13 for entities that have not yet adopted that guidance are effective upon adoption of the amendments in ASU 2016-13. Early adoption is not permitted before an entity’s adoption of ASU 2016-13. Other amendments are effective upon issuance of this ASU. See the discussion regarding the adoption of ASU 2016-13 above. ASU 2020-04 - Reference Rate Reform (Topic 848) In March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848)" provides optional expedients and exceptions for applying U.S. GAAP to contract modifications and hedging relationships that reference LIBOR or another reference rate expected to be discontinued, subject to meeting certain criteria. Under the new guidance, an entity can elect by accounting topic or industry subtopic to account for the modification of a contract affected by reference rate reform as a continuation of the existing contract, if certain conditions are met. In addition, the new guidance allows an entity to elect on a hedge-by-hedge basis to continue to apply hedge accounting for hedging relationships in which the critical terms change due to reference rate reform, if certain conditions are met. A one-time election to sell and/or transfer held-to-maturity debt securities that reference a rate affected by reference rate reform is also allowed. ASU No. 2020-04 became effective for all entities as of March 12, 2020 and will apply to all LIBOR reference rate modifications through December 31, 2022.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
Fair Value Disclosures	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures U.S. GAAP has established a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s financial assets and financial liabilities carried at fair value. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and counterparty creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Securities Available for Sale . Securities classified as available for sale are reported at fair value utilizing Level 1 and Level 2 inputs. For Level 2 securities, the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayments speeds, credit information and the security’s terms and conditions, among other things. Interest Rate Lock Derivatives . Interest rate lock commitments do not trade in active markets with readily observable prices. The fair value of an interest rate lock commitment is estimated based upon the forward sales price that is obtained in the best efforts commitment at the time the borrower locks in the interest rate on the loan and the probability that the locked rate commitment will close. Impaired Loans. Impaired loans are those which the Company has measured and recognized impairment, generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the collateral or discounted cash flows based on the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value consists of the loan balances less specific valuation allowances. Other Real Estate Owned. Foreclosed properties are adjusted to fair value less estimated selling costs at the time of foreclosure in preparation for transfer from portfolio loans to other real estate owned (“OREO”), thereby establishing a new accounting basis. The Company subsequently adjusts the fair value of the OREO, utilizing Level 3 inputs on a non-recurring basis to reflect partial write-downs based on the observable market price, current appraised value of the asset or other estimates of fair value. The fair value of other real estate owned is determined using appraisals, which may be discounted based on management’s review and changes in market conditions. The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: September 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Fair Securities available for sale: U.S. Treasury securities and obligations of U.S. Government $ — $ 3,569 $ — $ 3,569 Residential collateralized mortgage obligations - GSE — 41,421 — 41,421 Residential mortgage backed securities - GSE — 15,082 — 15,082 Obligations of state and political subdivisions — 29,564 — 29,564 Trust preferred debt securities - single issuer — 1,388 — 1,388 Corporate debt securities 9,311 10,614 — 19,925 Other debt securities — 24,174 — 24,174 Interest rate lock derivative — 673 — 673 Total $ 9,311 $ 126,485 $ — $ 135,796 December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Fair Securities available for sale: U.S. Treasury securities and obligations of U.S. Government $ — $ 764 $ — $ 764 Residential collateralized mortgage obligations - GSE — 53,175 — 53,175 Residential mortgage backed securities - GSE — 18,387 — 18,387 Obligations of state and political subdivisions — 33,519 — 33,519 Trust preferred debt securities - single issuer — 1,442 — 1,442 Corporate debt securities 11,151 12,128 — 23,279 Other debt securities — 25,216 — 25,216 Interest rate lock derivative — 159 — 159 Total $ 11,151 $ 144,790 $ — $ 155,941 Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Assets and liabilities subject to fair value adjustments (impairment) on a nonrecurring basis at September 30, 2020 and December 31, 2019 were as follows: (Dollars in thousands) Level 1 Level 2 Level 3 Total Fair September 30, 2020 Impaired loans $ — $ — $ 8,265 $ 8,265 December 31, 2019 Impaired loans $ — $ — $ 7,092 $ 7,092 Other real estate owned — — 93 93 Impaired loans measured at fair value and included in the above table at September 30, 2020 consisted of eight loans having an aggregate recorded investment of $9.9 million and specific loan loss allowance of $1.6 million. Impaired loans measured at fair value and included in the above table at December 31, 2019 consisted of twelve loans having an aggregate balance of $7.2 million with specific loan loss allowance of $69,000. The following table presents additional qualitative information about assets measured at fair value on a nonrecurring basis, where there was evidence of impairment, and for which the Company has utilized Level 3 inputs to determine fair value: (Dollars in thousands) Fair Value Valuation Unobservable Input Range September 30, 2020 Impaired loans $ 8,265 Appraisal of collateral (1) Appraisal adjustments (2) —% - 28.5% (12.2%) December 31, 2019 Impaired loans $ 7,092 Appraisal of collateral (1) Appraisal adjustments (2) 0.1% - 40.4% (12.6%) Other real estate owned $ 93 Appraisal of (1) Appraisal adjustments (2) 47.0% (47.0%) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs that are not identifiable. (2) Includes qualitative adjustments by management and estimated liquidation expenses. The following is a summary of fair value versus carrying value of all of the Company’s financial instruments. For the Company and the Bank, as with most financial institutions, the bulk of assets and liabilities are considered financial instruments. Many of the financial instruments lack an available trading market as characterized by a willing buyer and willing seller engaging in an exchange transaction. Therefore, significant estimations and present value calculations were used for the purpose of this note. Changes in assumptions could significantly affect these estimates. The estimated fair values and carrying amounts of financial assets and liabilities as of September 30, 2020 and December 31, 2019 were as follows: September 30, 2020 Carrying Level 1 Level 2 Level 3 Fair (Dollars in thousands) Value Inputs Inputs Inputs Value Cash and cash equivalents $ 20,055 $ 20,055 $ — $ — $ 20,055 Securities available for sale 135,123 9,311 125,812 — 135,123 Securities held to maturity 87,811 — 90,735 — 90,735 Loans held for sale 28,196 — 29,099 — 29,099 Net loans 1,441,234 — — 1,498,557 1,498,557 SBA servicing asset 855 — 1,245 — 1,245 Interest rate lock derivative 673 — 673 — 673 Accrued interest receivable 5,689 — 5,689 — 5,689 FHLB stock 2,422 — 2,422 — 2,422 Deposits (1,511,033) — (1,513,161) — (1,513,161) Short-term borrowings (105,867) — (105,867) — (105,867) Redeemable subordinated debentures (18,557) — (10,877) — (10,877) Accrued interest payable (1,069) — (1,069) — (1,069) December 31, 2019 Carrying Level 1 Level 2 Level 3 Fair (Dollars in thousands) Value Inputs Inputs Inputs Value Cash and cash equivalents $ 14,842 $ 14,842 $ — $ — $ 14,842 Securities available for sale 155,782 11,151 144,631 — 155,782 Securities held to maturity 76,620 — 78,223 — 78,223 Loans held for sale 5,927 — 6,093 — 6,093 Net loans 1,206,757 — — 1,243,088 1,243,088 SBA servicing asset 930 — 1,245 — 1,245 Interest rate lock derivative 159 — 159 — 159 Accrued interest receivable 4,945 — 4,945 — 4,945 FHLB stock 4,176 — 4,176 — 4,176 Deposits (1,277,362) — (1,278,166) — (1,278,166) Short-term borrowings (92,050) — (92,050) — (92,050) Redeemable subordinated debentures (18,557) — (12,837) — (12,837) Accrued interest payable (1,592) — (1,592) — (1,592) Loan commitments and standby letters of credit as of September 30, 2020 and December 31, 2019 were based on fees charged for similar agreements; accordingly, the estimated fair value of loan commitments and standby letters of credit was nominal.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2020
Leases [Abstract]
Leases	Leases At September 30, 2020, the Company had 37 operating leases under which the Company is a lessee. Of the 37 leases, 23 leases were for real property, including leases for 19 of the Company’s branch offices and 4 leases for general office space including the Company’s headquarters. All of the real property leases include one or more options to extend the lease term. Four of the branch office leases are for the land on which the branch offices are located and the Company owns the leasehold improvements. In addition, the Company had 12 leases for office equipment, consisting primarily of copiers and printers, and two automobile leases. None of these leases include extensions and generally have three At September 30, 2020, the Company did not have any finance leases. For the three and nine months ended September 30, 2020 and 2019, the Company recognized rent and equipment expense associated with leases as follows: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Operating lease cost: Fixed rent expense and equipment expense $ 1,338 $ 501 $ 2,005 $ 1,477 Variable rent expense — — — — Short-term lease expense 23 3 35 7 Sublease income — — — — Net lease cost $ 1,361 $ 504 $ 2,040 $ 1,484 (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Lease cost - occupancy expense $ 1,245 $ 438 $ 1,859 $ 1,295 Lease cost - other expense 116 66 181 189 Net lease cost $ 1,361 $ 504 $ 2,040 $ 1,484 For the nine months ended September 30, 2020 and 2019, the following cash and non-cash activities were associated with the leases: Nine Months Ended September 30, (In thousands) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,896 $ 1,332 Non-cash investing and financing activities: Additions to ROU assets obtained from: Net lease cost — — New operating lease liabilities 250 417 The future payments due under operating leases at September 30, 2020 and 2019 were as follows: At September 30, (In thousands) 2020 2019 Due in less than one year $ 2,071 $ 1,841 Due in one year but less than two years 2,059 1,796 Due in two years but less than three years 2,014 1,784 Due in three years but less than four years 1,882 1,767 Due in four years but less than five years 1,712 1,644 Thereafter 13,836 12,483 Total future payments $ 23,574 $ 21,315 Less: Implied interest (5,860) (5,616) Total lease liability $ 17,714 $ 15,699 At September 30, 2020, future payments due under operating leases were based on ASC Topic 842 and included, in general, at least one lease renewal option on all real estate leases except on one land lease where all renewal options were included. As of September 30, 2020, the weighted-average remaining lease term for all operating leases was 14.8 years. The weighted average discount rate associated with the operating leases at September 30, 2020 was 3.34%.

Borrowings

Borrowings	9 Months Ended
Borrowings	Sep. 30, 2020
Debt Disclosure [Abstract]
Borrowings	Borrowings The Company has overnight or short-term borrowing lines established with FHLB, other correspondent banks and participates in Federal Reserve Bank's PPPLF funding program. At September 30, 2020, the Company had overnight or short-term borrowings totaling $105.9 million with an average interest rate of 0.35%. Overnight or short-term borrowings at December 31, 2019 totaled $92.1 million with an average interest rate of 1.81%. These borrowings are primarily used to fund asset growth not supported by deposit generation. At September 30, 2020, unused overnight or short-term borrowing potential totaled $281.1 million from the FHLB and unused Fed Funds borrowing commitments of $46.0 million from correspondent banks.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2020
Accounting Policies [Abstract]
Consolidation Policy	The accompanying unaudited consolidated financial statements include 1 ST Constitution Bancorp (the “Company”), its wholly-owned subsidiary, 1 ST Constitution Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries, 1 ST Constitution Investment Company of New Jersey, Inc., FCB Assets Holdings, Inc and 1st Constitution Real Estate Investment Corporation. 1 ST Constitution Capital Trust II, a subsidiary of the Company, is not included in the Company’s consolidated financial statements, as it is a variable interest entity and the Company is not the primary beneficiary. All significant intercompany accounts and transactions have been eliminated in consolidation. The accounting and reporting policies of the Company and its subsidiaries conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 16, 2020. Goodwill The Company completed its annual testing of goodwill for impairment in the fourth quarter of 2019 and concluded at that time that the fair value of the reporting unit exceeded the carrying amount of the reporting unit. In completing the impairment testing the Company identified a single reporting unit and the $35.0 million of goodwill at December 31, 2019 was assigned to the single reporting unit. The decline in the market price of the Company’s common stock and the resulting aggregate market capitalization of the Company declining below the total amount of common shareholders’ equity at September 30, 2020, was an indication that the carrying amount of goodwill may exceed its fair value. Even though the decline in the market price of the Company’s common stock during 2020 was consistent with a broad decline in the market value of all banking company stocks and was not specific to the Company, it was a triggering event that required an evaluation of the potential impairment of goodwill. For the third quarter of 2020, the Company performed a quantitative impairment test of goodwill utilizing a discounted cash flow valuation methodology based upon an updated five year projection of the Company’s financial performance. A discount rate was estimated utilizing the build up method with a risk free rate, an equity risk premium and a size premium. This discount rate was applied to the projected cash flows over the five year period, which included a terminal value in year five based on a multiple of the projected cash flow in year five. The year five terminal multiple was based upon the observed average market price to earnings multiple for the trailing last twelve months of earnings for companies included in the SNL US Bank Index at September 30, 2020. This multiple does not include a control premium. This estimated fair value exceeded the carrying value of shareholders’ equity at September 30, 2020 by 10.3%. The five year projection was based on the Company’s 2020 business plan, historical operating results and internal financial models and included key assumptions for significantly elevated loan losses as a result of the COVID pandemic in the first three years of the projection. The Company’s actual financial results for the quarter ended June 30, 2020 and September 30, 2020 exceeded the financial projections for those periods. It is not possible to know the severity and duration of the COVID-19 pandemic and the severity and duration of the economic disruption that will occur in the near term. While the Company has projected loan losses significantly higher than its historical experience in its five year projections, the actual loan losses may vary due to the uncertainty of the severity and duration of the economic disruption. Changes in market interest rates and the economic conditions in the Company’s market area may also affect the Company’s future net interest income and net income. If the Company’s common stock price remains below the Company’s book value per common share in future periods, the Company will continue to evaluate goodwill for impairment on a quarterly basis. Changes in economic conditions, actual loan losses at levels higher than projected, changes in market interest rates and changes in discount rates and valuation multiples may affect the Company’s financial projections and valuation. The Company may determine that goodwill becomes impaired in a future period and a portion or all of the goodwill may be written off. On the basis of the evaluation of goodwill, management concluded that it was more likely than not the fair value of the reporting unit exceeded the carrying value of the reporting unit. Accordingly, goodwill was not impaired at September 30, 2020. In the opinion of the Company, all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the operating results for the interim periods have been included. The results of operations for periods of less than a year are not necessarily indicative of results for the full year.
Subsequent Events	The Company has evaluated events and transactions occurring subsequent to the balance sheet date of September 30, 2020 for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued.
Adoption of New Accounting Standards	Adoption of New Accounting Standards ASU 2018-15 - Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement (hosting arrangement) by providing guidance for determining when the arrangement includes a software license. The amendments in this Update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in this Update. The amendments in this ASU also require the entity (customer) to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement. The term of the hosting arrangement includes the non-cancellable period of the arrangement plus periods covered by (1) an option to extend the arrangement if the customer is reasonably certain to exercise that option, (2) an option to terminate the arrangement if the customer is reasonably certain not to exercise the termination option, and (3) an option to extend (or not to terminate) the arrangement in which exercise of the option is in the control of the vendor. The entity also is required to apply the existing impairment guidance in Subtopic 350-40 to the capitalized implementation costs as if the costs were long-lived assets. The amendments in this ASU also require the entity to present the expense related to the capitalized implementation costs in the same line item in the consolidated statements of income as the fees associated with the hosting element (service) of the arrangement and classify payments for capitalized implementation costs in the consolidated statements of cash flows in the same manner as payments made for fees associated with the hosting element. The entity is also required to present the capitalized implementation costs in the consolidated balance sheets in the same line item that a prepayment for the fees of the associated hosting arrangement would be presented. The adoption of this guidance in 2020 did not have a material impact on the Company's consolidated financial statements. ASU 2018-14 - Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20) In August 2018, the FASB issued ASU 2018-14 - “Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20),” which consists of amendments to the disclosure framework project to improve the effectiveness of disclosures in the notes to the financial statements. The amendments in this Update modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The following disclosure requirements are removed from Subtopic 715-20: 1. The amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year; 2. The amount and timing of plan assets expected to be returned to the employer; 3. The disclosures related to the June 2001 amendments to the Japanese Welfare Pension Insurance Law; 4. Related party disclosures about the amount of future annual benefits covered by insurance and annuity contracts and significant transactions between the employer or related parties and the plan; 5. For nonpublic entities, the reconciliation of the opening balances to the closing balances of plan assets measured on a recurring basis in Level 3 of the fair value hierarchy. However, nonpublic entities will be required to disclose separately the amounts of transfers into and out of Level 3 of the fair value hierarchy and purchases of Level 3 plan assets; and 6. For public entities, the effects of a one-percentage point change in assumed health care cost trend rates on the (a) aggregate of the service and interest cost components of net periodic benefit costs and (b) benefit obligation for postretirement health care benefits. The following disclosure requirements are added to Subtopic 715-20: 1. The weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates; and 2. An explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The amendments in this ASU also clarify the disclosure requirements in paragraph 715-20-50-3, which state that the following information for defined benefit pension plans should be disclosed: 1. The projected benefit obligation (“PBO”) and fair value of plan assets for plans with PBOs in excess of plan assets; and 2. The accumulated benefit obligation (“ABO”) and fair value of plan assets for plans with ABOs in excess of plan assets. The amendments in this ASU remove disclosures that no longer are considered cost beneficial, clarify the specific requirements of disclosures and add disclosure requirements identified as relevant. Although narrow in scope, the amendments are considered an important part of the FASB’s efforts to improve the effectiveness of disclosures in the notes to financial statements by applying concepts in the Concepts Statement. ASU 2020-02 - Financial Instruments - Credit Losses (Topic 326) and Leases (Topic 842) In January 2020, the FASB issued ASU No. 2020-02, “Financial Instruments - Credit Losses (Topic 326) and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842).” This ASU adds and amends SEC paragraphs in the Accounting Standards Codification to reflect the issuance of SEC Staff Accounting Bulletin No. 119, related to the new credit losses standard, and comments by the SEC staff related to the revised effective date of the new leases standard. This ASU is effective upon issuance. See the discussion regarding the adoption of ASU 2016-13 above. ASU 2020-03 - Codification Improvements to Financial Instruments In March 2020, the FASB issued ASU No. 2020-03, “Codification Improvements to Financial Instruments.” This ASU clarifies various financial instruments topics, including the CECL standard issued in 2016. Amendments related to ASU 2016-13 for entities that have not yet adopted that guidance are effective upon adoption of the amendments in ASU 2016-13. Early adoption is not permitted before an entity’s adoption of ASU 2016-13. Other amendments are effective upon issuance of this ASU. See the discussion regarding the adoption of ASU 2016-13 above. ASU 2020-04 - Reference Rate Reform (Topic 848) In March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848)" provides optional expedients and exceptions for applying U.S. GAAP to contract modifications and hedging relationships that reference LIBOR or another reference rate expected to be discontinued, subject to meeting certain criteria. Under the new guidance, an entity can elect by accounting topic or industry subtopic to account for the modification of a contract affected by reference rate reform as a continuation of the existing contract, if certain conditions are met. In addition, the new guidance allows an entity to elect on a hedge-by-hedge basis to continue to apply hedge accounting for hedging relationships in which the critical terms change due to reference rate reform, if certain conditions are met. A one-time election to sell and/or transfer held-to-maturity debt securities that reference a rate affected by reference rate reform is also allowed. ASU No. 2020-04 became effective for all entities as of March 12, 2020 and will apply to all LIBOR reference rate modifications through December 31, 2022.
Investment Securities	U.S. Treasury securities and obligations of U.S. government-sponsored entities and agencies: The unrealized losses on investments in these securities were caused by increases in market interest rates. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Residential collateralized mortgage obligations and residential mortgage backed securities: The unrealized losses on investments in residential collateralized mortgage obligations and mortgage backed securities were caused by increases in market interest rates. The contractual cash flows of these securities are guaranteed by the issuers, which are primarily government or government sponsored agencies. It is expected that the securities would not be settled at a price less than the amortized cost of the investment. The decline in fair value is attributable to changes in interest rates and not credit quality. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Obligations of state and political subdivisions: The unrealized losses on investments in these securities were caused by increases in market interest rates. It is expected that the securities would not be settled at a price less than the amortized cost of the investment. None of the issuers have defaulted on interest payments. These investments are not considered to be other than temporarily impaired because the decline in fair value is attributable to changes in interest rates and not credit quality. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Trust preferred debt securities – single issuer : The investments in these securities with unrealized losses are comprised of two corporate trust preferred securities issued by one large financial institution that mature in 2027. The contractual terms of the trust preferred securities do not allow the issuer to settle the securities at a price less than the face value of the trust preferred securities, which is greater than the amortized cost of the trust preferred securities. The issuer maintains an investment grade credit rating and has not defaulted on interest payments. The decline in fair value is attributable to the widening of interest rate and credit spreads and the lack of an active trading market for these securities. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Corporate debt securities . The unrealized losses on investments in corporate debt securities were caused by an increase in market interest rates, which includes the yield required by market participants for the issuer’s credit risk. All of the issuers maintain an investment grade rating and none of the corporate issuers have defaulted on interest payments. The decline in fair value is attributable to changes in market interest rates. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Other debt securities . The unrealized losses on investments in other debt securities were caused by an increase in market interest rates, which includes the yield required by market participants for the issuer’s credit risk. All of the issuers maintain an investment grade rating and none of the issuers have defaulted on interest payments. The decline in fair value is attributable to changes in market interest rates. The Company does not intend to sell these investments and it is not more likely than not that the Company will be required to sell these investments before a market price recovery or maturity. Therefore, these investments are not considered other-than-temporarily impaired. Trust preferred debt securities – pooled: This trust preferred debt security was issued by a two issuer pool (Preferred Term Securities XXV, Ltd. co-issued by Keefe, Bruyette and Woods, Inc. and First Tennessee (“PRETSL XXV”)), consisting primarily of financial institution holding companies. During 2009, the Company recognized an other-than-temporary impairment charge of $865,000, of which $364,000 was determined to be a credit loss and charged to operations and $501,000 was recognized in the other comprehensive income (loss) component of shareholders’ equity. The primary factor used to determine the credit portion of the impairment loss to be recognized in the income statement for this security was the discounted present value of projected cash flow, where that present value of cash flow was less than the amortized cost basis of the security. The present value of cash flow was developed using a model that considered performing collateral ratios, the level of subordination to senior tranches of the security and credit ratings of and projected credit defaults in the underlying collateral. Due to recovery of the cash flows underlying the security, the Company began to accrete the $501,000 of impairment charge in the other comprehensive income component in 2019. Total accretion of $14,000 was recognized in the first nine months of 2020 as an increase in the carrying amount of the security. On a quarterly basis, management evaluates this security to determine if any additional other-than-temporary impairment is required. As of September 30, 2020, management concluded that no additional other-than-temporary impairment had occurred.
Allowance for Loan Losses and Credit Quality	The Company’s internal credit risk grades are based on the definitions currently utilized by the banking regulatory agencies. The grades assigned and their definitions are as follows: 1. Excellent - Loans that are based upon cash collateral held at the Company and adequately margined. Loans that are based upon “blue chip” stocks listed on the major stock exchanges and adequately margined. 2. Above Average - Loans to companies whose balance sheets show excellent liquidity and long-term debt is on well-spread schedules of repayment easily covered by cash flow. Such companies have been consistently profitable and have diversification in their product lines or sources of revenue. The continuation of profitable operations for the foreseeable future is likely. Management is comprised of a mix of ages, experience and backgrounds and management succession is in place. Sources of raw materials and, for service companies, the sources of revenue are abundant. Future needs have been planned for. Character and management ability of individuals or company principals are excellent. Loans to individuals are supported by their high net worth and liquid assets. 3. Good - Loans to companies whose balance sheets show good liquidity and cash flow adequate to meet maturities of long-term debt with a comfortable margin. Such companies have established profitable records over a number of years, and there has been growth in net worth. Operating ratios are in line with those of the industry, and expenses are in proper relationship to the volume of business done and the profits achieved. Management is well-balanced and competent in their responsibilities. Economic environment is favorable; however, competition is strong. The prospects for growth are good. Loans in this category do not meet the collateral requirements of loans graded excellent and above average. 3w. Watch - Included in this category are loans evidencing problems identified by Company management that require closer supervision, but do not require a “special mention” rating. This category also covers situations where the Company does not have adequate current information upon which credit quality can be determined. The account officer has the obligation to correct these deficiencies within 30 days from the time of notification. Loans that received modification to provide a deferral of interest and or principal for up to 90 days that complied with the CARES Act criteria were rated watch by management. 4. Special Mention - A “special mention” loan has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the Company’s credit position at some future date. Special mention loans are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. 5. Substandard - A “substandard” loan is inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. 6. Doubtful - A loan classified as “doubtful” has all the weaknesses inherent of a loan classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. 7. Loss - A loan classified as “loss” is considered uncollectible and of such little value that its continuance on the books is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value. Rather, this classification indicates that it is not practical or desirable to defer writing off this loan even though partial recovery may occur in the future.
Fair Value Disclosures	U.S. GAAP has established a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s financial assets and financial liabilities carried at fair value. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and counterparty creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Securities Available for Sale . Securities classified as available for sale are reported at fair value utilizing Level 1 and Level 2 inputs. For Level 2 securities, the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayments speeds, credit information and the security’s terms and conditions, among other things. Interest Rate Lock Derivatives . Interest rate lock commitments do not trade in active markets with readily observable prices. The fair value of an interest rate lock commitment is estimated based upon the forward sales price that is obtained in the best efforts commitment at the time the borrower locks in the interest rate on the loan and the probability that the locked rate commitment will close. Impaired Loans. Impaired loans are those which the Company has measured and recognized impairment, generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the collateral or discounted cash flows based on the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value consists of the loan balances less specific valuation allowances. Other Real Estate Owned. Foreclosed properties are adjusted to fair value less estimated selling costs at the time of foreclosure in preparation for transfer from portfolio loans to other real estate owned (“OREO”), thereby establishing a new accounting basis. The Company subsequently adjusts the fair value of the OREO, utilizing Level 3 inputs on a non-recurring basis to reflect partial write-downs based on the observable market price, current appraised value of the asset or other estimates of fair value. The fair value of other real estate owned is determined using appraisals, which may be discounted based on management’s review and changes in market conditions.

Acquisition of Shore Communit_2

Acquisition of Shore Community Bank (Tables)	9 Months Ended
Acquisition of Shore Community Bank (Tables)	Sep. 30, 2020
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the fair value of the acquired assets and liabilities assumed as of November 8, 2019: (Dollars in thousands) Amount Consideration paid: Company stock issued $ 29,175 Cash payment 24,233 Cash payment for unexercised outstanding stock options 925 Total consideration paid $ 54,333 Recognized amounts of identifiable assets acquired and liabilities assumed at fair value: Cash and cash equivalents $ 32,599 Investment securities available for sale 26,440 Loans 205,833 Premises and equipment, net 4,433 Core deposit intangible asset 1,467 Bank-owned life insurance 7,250 Right-of-use assets 3,226 Accrued interest receivable 778 Other real estate owned 605 Other assets 2,518 Deposits (249,836) Lease liability (3,226) Other liabilities (948) Total identifiable assets and liabilities, net $ 31,139 Goodwill recorded from Shore merger $ 23,194 The following table summarizes the composition of the loans acquired and recorded at fair value: At November 8, 2019 (Dollars in thousands) Loans acquired with no credit quality deterioration Loans acquired with credit quality deterioration Total Commercial Construction $ 9,733 $ — $ 9,733 Commercial real estate 135,482 4,071 139,553 Commercial business 12,027 — 12,027 Residential real estate 36,849 500 37,349 Consumer 7,171 — 7,171 Total loans $ 201,262 $ 4,571 $ 205,833 The following is a summary of the loans acquired with evidence of deteriorated credit quality in the Shore Merger as of the date of the closing of the merger: (Dollars in thousands) Acquired Credit Impaired Loans Contractually required principal and interest at acquisition $ 7,584 Contractual cash flows not expected to be collected (non-accretable difference) 2,355 Expected cash flows at acquisition 5,229 Interest component of expected cash flows (accretable difference) 658 Fair value of acquired loans $ 4,571
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table presents the projected amortization of the core deposit intangible asset for each period beginning October 1, 2020: (Dollars in thousands) Amount Year 2020 $ 62 2021 236 2022 209 2023 182 2024 156 Thereafter 378 Total $ 1,223
Schedule of Business Acquisition, Pro Forma Information	The following table presents financial information regarding the former Shore operations included in the Company’s Consolidated Statements of Income for the nine months ended September 30, 2020 under the column "Shore Nine Months Ended September 30, 2020." In addition, the table presents unaudited condensed pro forma financial information for the three and nine months ended September 30, 2019 assuming that the Shore Merger had been completed as of January 1, 2019. The table has been prepared for comparative purposes only and is not necessarily indicative of the actual results that would have been attained had the Shore Merger occurred as of the beginning of the periods presented, nor is it indicative of future results. Furthermore, the unaudited pro forma financial information does not reflect management’s estimate of any revenue-enhancing opportunities nor anticipated cost savings that may have occurred as a result of the integration and consolidation of Shore’s operations. (Dollars in thousands) Shore Nine Months Ended September 30, 2020 Actual for the Nine Months Ended September 30, 2020 Pro Forma for the Three Months Ended September 30, 2019 Pro Forma for the Nine Months Ended September 30, 2019 Net interest income $ 7,185 $ 42,136 $ 14,161 $ 41,936 Non-interest income 284 10,292 2,373 6,748 Non-interest expenses 2,869 30,528 9,312 29,048 Income taxes 1,108 4,494 1,731 4,939 Net income 2,997 12,066 5,171 13,528

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
Earnings Per Common Share (Tables)	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table illustrates the calculation of both basic and diluted earnings per share for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands, except per share data) 2020 2019 2020 2019 Net income $ 4,910 $ 3,623 $ 12,021 $ 10,390 Basic weighted average shares outstanding 10,230,488 8,666,251 10,213,601 8,641,684 Plus: common stock equivalents 38,463 56,098 46,876 57,275 Diluted weighted average shares outstanding 10,268,951 8,722,349 10,260,477 8,698,959 Earnings per share: Basic $ 0.48 $ 0.42 1.18 1.20 Diluted $ 0.48 $ 0.42 1.17 1.19

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
Investment Securities (Tables)	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities	A summary of amortized cost and fair value of investment securities available for sale follows: September 30, 2020 (Dollars in thousands) Amortized Gross Gross Fair U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) $ 3,574 $ 1 $ (6) $ 3,569 Residential collateralized mortgage obligations - GSE 41,047 533 (159) 41,421 Residential mortgage backed securities - GSE 14,478 611 (7) 15,082 Obligations of state and political subdivisions 28,538 1,026 — 29,564 Trust preferred debt securities - single issuer 1,493 — (105) 1,388 Corporate debt securities 19,500 497 (72) 19,925 Other debt securities 24,112 323 (261) 24,174 Total $ 132,742 $ 2,991 $ (610) $ 135,123 December 31, 2019 (Dollars in thousands) Amortized Gross Gross Fair U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) $ 774 $ — $ (10) $ 764 Residential collateralized mortgage obligations - GSE 53,223 194 (242) 53,175 Residential mortgage backed securities - GSE 18,100 292 (5) 18,387 Obligations of state and political subdivisions 33,177 342 — 33,519 Trust preferred debt securities - single issuer 1,492 — (50) 1,442 Corporate debt securities 23,224 139 (84) 23,279 Other debt securities 25,378 80 (242) 25,216 Total $ 155,368 $ 1,047 $ (633) $ 155,782
Schedule of Held-to-maturity Securities	A summary of amortized cost, carrying value and fair value of investment securities held to maturity follows: September 30, 2020 (Dollars in thousands) Amortized Other-Than- Carrying Gross Gross Fair Residential collateralized mortgage obligations - GSE $ 5,831 $ — $ 5,831 $ 246 $ — $ 6,077 Residential mortgage backed securities - GSE 26,863 — 26,863 1,260 — 28,123 Obligations of state and political subdivisions 52,842 — 52,842 970 (10) 53,802 Trust preferred debt securities - pooled 652 (478) 174 382 — 556 Other debt securities 2,101 — 2,101 76 — 2,177 Total $ 88,289 $ (478) $ 87,811 $ 2,934 $ (10) $ 90,735 December 31, 2019 (Dollars in thousands) Amortized Other-Than- Carrying Gross Gross Fair Residential collateralized mortgage obligations - GSE $ 5,117 $ — $ 5,117 $ 76 $ (35) $ 5,158 Residential mortgage backed securities - GSE 36,528 — 36,528 481 (54) 36,955 Obligations of state and political subdivisions 32,533 — 32,533 690 (25) 33,198 Trust preferred debt securities - pooled 657 (492) 165 479 — 644 Other debt securities 2,277 — 2,277 — (9) 2,268 Total $ 77,112 $ (492) $ 76,620 $ 1,726 $ (123) $ 78,223
Schedule of Investments Classified by Contractual Maturity Date	The following table sets forth certain information regarding the amortized cost, carrying value, fair value, weighted average yields and contractual maturities of the Company’s investment portfolio as of September 30, 2020. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2020 (Dollars in thousands) Amortized Cost Yield Available for sale Due in one year or less $ 5,047 $ 5,041 1.11 % Due after one year through five years 28,103 29,194 2.38 % Due after five years through ten years 33,831 34,088 1.77 % Due after ten years 65,761 66,800 2.15 % Total $ 132,742 $ 135,123 2.07 % Carrying Value Yield Held to maturity Due in one year or less $ 18,359 $ 18,411 2.43 % Due after one year through five years 6,279 6,464 4.56 % Due after five years through ten years 16,842 17,565 2.87 % Due after ten years 46,331 48,295 2.81 % Total $ 87,811 $ 90,735 2.87 %
Schedule of Investment Securities, Continuous Unrealized Loss Position, Fair Value	Gross unrealized losses on available for sale and held to maturity securities and the fair value of the related securities aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2020 and December 31, 2019 were as follows: September 30, 2020 Less than 12 months 12 months or longer Total (Dollars in thousands) Number Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Treasury securities and obligations of U.S. Government sponsored 1 $ 588 $ (6) $ — $ — $ 588 $ (6) Residential collateralized 7 7,948 (37) 11,610 (122) 19,558 (159) Residential mortgage backed 3 212 (7) — — 212 (7) Obligations of state and 3 2,782 (10) — — 2,782 (10) Trust preferred debt securities - 2 — — 1,389 (105) 1,389 (105) Corporate debt securities 3 2,980 (19) 4,947 (53) 7,927 (72) Other debt securities 9 — — 14,822 (261) 14,822 (261) Total temporarily impaired 28 $ 14,510 $ (79) $ 32,768 $ (541) $ 47,278 $ (620) December 31, 2019 Less than 12 months 12 months or longer Total (Dollars in thousands) Number Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Treasury securities and obligations of U.S. Government sponsored entities (GSE) and agencies 1 $ 764 $ (10) $ — $ — $ 764 $ (10) Residential collateralized 39 18,328 (138) 13,300 (139) 31,628 (277) Residential mortgage backed 13 5,505 (59) — — 5,505 (59) Obligations of state and 4 2,311 (25) 527 — 2,838 (25) Trust preferred debt securities - single issuer 2 — — 1,442 (50) 1,442 (50) Corporate debt securities 4 2,994 (5) 7,954 (79) 10,948 (84) Other debt securities 12 13,692 (151) 5,598 (100) 19,290 (251) Total temporarily impaired 75 $ 43,594 $ (388) $ 28,821 $ (368) $ 72,415 $ (756)

Allowance for Loan Losses and_2

Allowance for Loan Losses and Credit Quality (Tables)	9 Months Ended
Allowance for Loan Losses and Credit Quality (Tables)	Sep. 30, 2020
Receivables [Abstract]
Schedule of Financing Receivable, Past Due	The following table provides an aging of the loan portfolio by loan class at September 30, 2020: (Dollars in thousands) 30-59 Days 60-89 Greater Total Past Current Total Recorded Non-accrual Commercial real estate $ 2,290 $ 3,264 $ 4,263 $ 9,817 $ 606,140 $ 615,957 $ — $ 8,083 Mortgage warehouse lines — — — — 374,007 374,007 — — Construction — — 7,500 7,500 134,083 141,583 — 7,500 Commercial business 961 118 299 1,378 208,626 210,004 — 444 Residential real estate 310 882 754 1,946 86,260 88,206 92 817 Loans to individuals — — 300 300 27,132 27,432 — 309 Other loans — — — — 122 122 — — Total loans $ 3,561 $ 4,264 $ 13,116 $ 20,941 $ 1,436,370 1,457,311 $ 92 $ 17,153 Deferred loan (fees) costs, net (1,627) Total loans $ 1,455,684 The following table provides an aging of the loan portfolio by loan class at December 31, 2019: (Dollars in thousands) 30-59 Days 60-89 Greater than Total Past Current Total Recorded Non-accrual Commercial real estate $ 238 $ 1,927 $ 3,882 $ 6,047 $ 561,608 $ 567,655 $ — $ 2,596 Mortgage warehouse lines — — — — 236,672 236,672 — — Construction — — — — 148,939 148,939 — — Commercial business 381 — 330 711 138,560 139,271 — 501 Residential real estate 2,459 271 677 3,407 86,852 90,259 — 708 Loans to individuals 296 — 311 607 31,997 32,604 — 692 Other loans — — — — 137 137 — — Total loans $ 3,374 $ 2,198 $ 5,200 $ 10,772 $ 1,204,765 1,215,537 $ — $ 4,497 Deferred loan costs, net 491 Total loans $ 1,216,028
Schedule of Financing Receivable Credit Quality Indicators	The following table provides a breakdown of the loan portfolio by credit quality indicator at September 30, 2020: (Dollars in thousands) Commercial Credit Exposure - By Internally Assigned Grade Construction Commercial Commercial Mortgage Residential Pass $ 134,083 $ 199,857 $ 576,015 $ 373,070 $ 85,118 Special Mention — 3,117 14,930 937 1,243 Substandard 7,500 6,794 25,012 — 1,845 Doubtful — 236 — — — Total $ 141,583 $ 210,004 $ 615,957 $ 374,007 $ 88,206 Consumer Credit Exposure - By Payment Activity Loans To Other loans Performing $ 27,123 $ 122 Non-performing 309 — Total $ 27,432 $ 122 The following table provides a breakdown of the loan portfolio by credit quality indicator at December 31, 2019: (Dollars in thousands) Commercial Credit Exposure - By Internally Assigned Grade Construction Commercial Commercial Mortgage Residential Pass $ 147,132 $ 135,804 $ 538,104 $ 235,808 $ 87,512 Special Mention — 1,990 9,994 864 922 Substandard 1,807 1,477 19,557 — 1,825 Doubtful — — — — — Total $ 148,939 $ 139,271 $ 567,655 $ 236,672 $ 90,259 Consumer Credit Exposure - By Payment Activity Loans To Other loans Performing $ 31,912 $ 137 Non-performing 692 — Total $ 32,604 $ 137
Schedule of Allowance for Credit Losses on Financing Receivables	The following tables summarize the distribution of the allowance for loan losses and loans receivable by loan class and impairment method at September 30, 2020 and December 31, 2019: September 30, 2020 (Dollars in thousands) Construction Commercial Commercial Mortgage Residential Loans to Other Loans Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ 1,433 $ 89 $ 87 $ — $ — $ — $ — $ — $ 1,609 Loans acquired with deteriorated credit quality — — 9 — — — — — 9 Collectively evaluated for impairment 1,786 2,482 5,981 1,707 524 179 173 12,832 Ending Balance $ 3,219 $ 2,571 $ 6,077 $ 1,707 $ 524 $ 179 $ — $ 173 $ 14,450 Loans receivable: Individually evaluated for impairment $ 7,500 $ 1,183 $ 12,634 $ — $ 817 $ 310 $ — $ — $ 22,444 Loans acquired with deteriorated credit quality — 315 4,863 — 402 — — — 5,580 Collectively evaluated for impairment 134,083 208,506 598,460 374,007 86,987 27,122 122 — 1,429,287 Ending Balance $ 141,583 $ 210,004 $ 615,957 $ 374,007 $ 88,206 $ 27,432 $ 122 $ — 1,457,311 Deferred loan fees, net (1,627) $ 1,455,684 December 31, 2019 (Dollars in thousands) Construction Commercial Commercial Mortgage Residential Loans to Other Loans Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ 8 $ 7 $ 50 $ — $ — $ — $ — $ — $ 65 Loans acquired with deteriorated credit quality — 3 1 — — — — — 4 Collectively evaluated for impairment 1,381 1,399 4,473 1,083 412 185 — 269 9,202 Ending Balance $ 1,389 $ 1,409 $ 4,524 $ 1,083 $ 412 $ 185 $ — $ 269 $ 9,271 Loans receivable: Individually evaluated for impairment $ 1,807 $ 1,251 $ 6,171 $ — $ 708 $ 692 $ — $ — $ 10,629 Loans acquired with deteriorated credit quality — 334 5,419 — 504 — — — 6,257 Collectively evaluated for impairment 147,132 137,686 556,065 236,672 89,047 31,912 137 — 1,198,651 Ending Balance $ 148,939 $ 139,271 $ 567,655 $ 236,672 $ 90,259 $ 32,604 $ 137 $ — 1,215,537 Deferred loan costs, net 491 $ 1,216,028
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent	The activity in the allowance for loan loss by loan class for the three and nine months ended September 30, 2020 and 2019 was as follows : Balance - (Dollars in thousands) Construction Commercial Commercial Mortgage Residential Loans to Individuals Other Loans Unallocated Total Balance - July 1, 2020 $ 1,661 $ 1,780 $ 6,619 $ 1,337 $ 506 $ 182 $ — $ 41 $ 12,126 Provision charged/(credited) to operations 1,558 791 (549) 370 18 — — 132 2,320 Loans charged off — — — — — (3) — — (3) Recoveries of loans charged off — — 7 — — — — — 7 Balance - September 30, 2020 $ 3,219 $ 2,571 $ 6,077 $ 1,707 $ 524 $ 179 $ — $ 173 $ 14,450 Balance - July 1, 2019 $ 1,760 $ 1,546 $ 3,754 $ 933 $ 480 $ 142 $ — $ 26 $ 8,641 Provision charged/(credited) to operations (175) (148) 533 204 (74) 8 — 2 350 Loans charged off — — (18) — — — — — (18) Recoveries of loans charged off — — — — — 4 — — 4 Balance - September 30, 2019 $ 1,585 $ 1,398 $ 4,269 $ 1,137 $ 406 $ 154 $ — $ 28 $ 8,977 (Dollars in thousands) Construction Commercial Commercial Mortgage Residential Loans to Individuals Other Loans Unallocated Total Balance - January 1, 2020 $ 1,389 $ 1,409 $ 4,524 $ 1,083 $ 412 $ 185 $ — $ 269 $ 9,271 Provision charged/(credited) to operations 1,830 1,327 1,546 624 112 (3) — (96) 5,340 Loans charged off — (165) — — — (3) — — (168) Recoveries of loans charged off — — 7 — — — — — 7 Balance - September 30, 2020 $ 3,219 $ 2,571 $ 6,077 $ 1,707 $ 524 $ 179 $ — $ 173 $ 14,450 January 1, 2019 $ 1,732 $ 1,829 $ 3,439 $ 731 $ 431 $ 148 $ — $ 92 $ 8,402 Provision charged/(credited) to operations (147) (86) 923 406 (25) — 43 (64) 1,050 Loans charged off — (345) (93) — — — (43) — (481) Recoveries of loans charged off — — — — — 6 — — 6 Balance - September 30, 2019 $ 1,585 $ 1,398 $ 4,269 $ 1,137 $ 406 $ 154 $ — $ 28 $ 8,977
Schedule of Impaired Financing Receivables	Impaired Loans Receivables (By Class) Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (Dollars in thousands) Recorded Unpaid Related Average Interest Average Interest With no allowance: Commercial: Construction $ — $ — $ — $ 6,185 $ — $ 6,197 $ — Commercial Business 1,284 2,686 — 1,509 17 1,408 51 Commercial Real Estate 15,327 16,541 — 14,328 146 10,334 439 Mortgage Warehouse Lines — — — — — — — Subtotal 16,611 19,227 — 22,022 163 17,939 490 Residential Real Estate 1,219 1,470 — 1,265 7 1,277 25 Consumer: Loans to Individuals 310 337 — 419 — 539 — Other loans — 2 — — — — — Subtotal 310 339 — 419 — 539 — With no allowance: $ 18,140 $ 21,036 $ — $ 23,706 $ 170 $ 19,755 $ 515 With an allowance: Commercial: Construction $ 7,500 $ 7,500 $ 1,433 $ 2,500 $ — $ 1,235 $ — Commercial Business 214 214 89 214 — 337 — Commercial Real Estate 2,170 3,478 96 2,923 21 3,717 63 Mortgage Warehouse Lines — — — — — — — Subtotal 9,884 11,192 1,618 5,637 21 5,289 63 Residential Real Estate — — — — — — — Consumer: Loans to Individuals — — — — — — — Other loans — — — — — — — Subtotal — — — — — — — With an allowance: $ 9,884 $ 11,192 $ 1,618 $ 5,637 $ 21 $ 5,289 $ 63 Total: Construction 7,500 7,500 1,433 8,685 — 7,432 — Commercial Business 1,498 2,900 89 1,723 17 1,745 51 Commercial Real Estate 17,497 20,019 96 17,251 167 14,051 502 Mortgage Warehouse Lines — — — — — — — Residential Real Estate 1,219 1,470 — 1,265 7 1,277 25 Consumer 310 339 — 419 — 539 — Total $ 28,024 $ 32,228 $ 1,618 $ 29,343 $ 191 $ 25,044 $ 578 Impaired Loans Receivables (By Class) December 31, 2019 (Dollars in thousands) Recorded Unpaid Related With no allowance: Commercial: Construction $ — $ — $ — Commercial Business 680 1,971 — Commercial Real Estate 7,141 8,204 — Mortgage Warehouse Lines — — — Subtotal 7,821 10,175 — Residential Real Estate 1,212 1,465 — Consumer: Loans to Individuals 692 802 — Other loans — — — Subtotal 692 802 — With no allowance $ 9,725 $ 12,442 $ — With an allowance: Commercial: Construction $ 1,807 $ 1,807 $ 8 Commercial Business 905 993 10 Commercial Real Estate 4,449 5,757 51 Mortgage Warehouse Lines — — — Subtotal 7,161 8,557 69 Residential Real Estate — — — Consumer: Loans to Individuals — — — Other loans — — — Subtotal — — — With an allowance $ 7,161 $ 8,557 $ 69 Total: Construction $ 1,807 $ 1,807 $ 8 Commercial Business 1,585 2,964 10 Commercial Real Estate 11,590 13,961 51 Mortgage Warehouse Lines — — — Residential Real Estate 1,212 1,465 — Consumer 692 802 — Total $ 16,886 $ 20,999 $ 69 Impaired Loans Receivables (By Class) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (Dollars in thousands) Average Interest Income Recognized Average Interest Income Recognized With no allowance: Commercial: Construction $ — $ — $ 46 $ 2 Commercial Business 951 4 952 56 Commercial Real Estate 2,819 17 1,999 50 Mortgage Warehouse Lines — — — Subtotal 3,770 21 2,997 108 Residential Real Estate 1,402 — 1,296 — Consumer: Loans to Individuals 792 — 675 — Other loans — — — Subtotal 792 — 675 — With no allowance $ 5,964 $ 21 $ 4,968 $ 108 With an allowance: Commercial: Construction $ 602 $ 29 $ 201 $ 29 Commercial Business 578 20 1,008 23 Commercial Real Estate 4,782 59 4,611 176 Mortgage Warehouse Lines — — — — Subtotal 5,962 108 5,820 228 Residential Real Estate — — — — Consumer: Loans to Individuals — — — — Other loans — — — — Subtotal — — — — With an allowance $ 5,962 $ 108 $ 5,820 $ 228 Total: Construction $ 602 $ 29 247 31 Commercial Business 1,529 24 1,960 79 Commercial Real Estate 7,601 76 6,610 226 Mortgage Warehouse Lines — — — — Residential Real Estate 1,402 — 1,296 — Consumer 792 — 675 — Total $ 11,926 $ 129 $ 10,788 $ 336 (Dollars in thousands) September 30, 2020 December 31, 2019 Outstanding balance $ 6,907 $ 8,038 Carrying amount $ 5,581 $ 6,257
Schedule of Credit Impaired Loans Acquired, Change In Amortizable Yield	Changes in accretable discount for purchased credit-impaired loans for the three and nine months ended September 30, 2020 and September 30, 2019 were as follows: Three months ended September 30, Nine months ended September 30, (Dollars in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 426 $ 94 $ 657 $ 164 Acquisition of impaired loans — — — — Accretion of discount (112) (23) (343) (93) Balance at end of period $ 314 $ 71 $ 314 $ 71
Schedule of Troubled Debt Restructurings on Financing Receivables	The following table summarizes the recorded investment in consumer mortgage loans secured by residential real estate in the process of foreclosure (dollars in thousands): September 30, 2020 December 31, 2019 Number of loans Recorded Investment Number of loans Recorded Investment 1 $ 311 2 $ 382

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
Revenue from Contracts with Customers (Tables)	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company’s sources of non-interest income for the three and nine months ended September 30, 2020 and 2019. Items outside the scope of ASC 606 are noted as such. Three months ended Nine months ended (Dollars in thousands) September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Service charges on deposit accounts: Overdraft fees $ 32 $ 100 $ 157 $ 272 Other 94 65 314 218 Interchange income 186 122 487 343 Other income - in scope 105 103 320 309 Gain on sale of OREO 71 — 71 137 Income on bank-owned life insurance (1) 188 149 632 437 Gain on sales of loans (1) 3,396 1,351 6,987 3,556 Loan servicing fees (1) 164 181 487 540 Gain on sales and calls of securities (1) 79 16 97 16 Other income (1) 421 119 740 414 $ 4,736 $ 2,206 $ 10,292 $ 6,242 (1) Not within the scope of ASC 606

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
Share-Based Compensation (Tables)	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes Options activity during the nine months ended September 30, 2020: (Dollars in thousands, except share amounts) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at January 1, 2020 122,151 $ 9.85 3.9 1,500 Granted 27,000 17.53 9.4 Exercised (755) 6.93 Outstanding at September 30, 2020 148,396 $ 11.26 4.3 $ 440 Exercisable at September 30, 2020 114,996 $ 9.30 3.0 $ 440
Schedule of Fair Value Inputs, Assets, Quantitative Information	The fair value of each Option and the significant weighted average assumptions used to calculate the fair value of the Options granted during the nine months ended September 30, 2020 were as follows: Grant Date January 6, 2020 March 19, 2020 Fair value of options granted $ 5.27 $ 2.09 Risk-free rate of return 1.72 % 1.00 % Expected option life in years 7 7 Expected volatility 24.53 % 24.63 % Expected dividends 1.35 % 2.86 %
Schedule of Nonvested Restricted Stock Shares Activity	The following table summarizes the activity in Stock Awards for the nine months ended September 30, 2020: (Dollars in thousands, except share amounts) Number of Shares Average Grant-Date Fair Value Outstanding at January 1, 2020 134,359 $ 13.84 Granted 59,500 14.45 Vested (62,501) 17.31 Non-vested at September 30, 2020 131,358 $ 12.46
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes the activity in RSUs for the nine months ended September 30, 2020: (Dollars in thousands, except share amounts) Number of Shares Average Grant-Date Fair Value Outstanding at January 1, 2020 10,300 $ 19.38 Granted 18,950 21.92 Vested (3,433) 19.38 Non-vested at September 30, 2020 25,817 $ 21.24

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
Benefit Plans (Tables)	Sep. 30, 2020
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Expense	The components of net periodic expense for the Company’s supplemental executive retirement plans for the three and nine months ended September 30, 2020 and 2019 were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) 2020 2019 2020 2019 Service cost $ 46 $ 48 $ 138 $ 142 Interest cost 42 40 124 122 Actuarial gain recognized (51) (44) (151) (132) Total $ 37 $ 44 $ 111 $ 132

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss), and the related tax effects, are as follows: September 30, 2020 (Dollars in thousands) Before-Tax Income Tax Net-of-Tax Net unrealized holding gains on investment securities available for sale $ 2,381 $ (587) $ 1,794 Unrealized impairment loss on held to maturity security (478) 114 (364) Gains on unfunded pension liability 424 (119) 305 Accumulated other comprehensive income $ 2,327 $ (592) $ 1,735 December 31, 2019 (Dollars in thousands) Before-Tax Income Tax Net-of-Tax Net unrealized holding gains on investment securities available for sale $ 414 $ (111) $ 303 Unrealized impairment loss on held to maturity security (492) 118 (374) Gains on unfunded pension liability 364 (102) 262 Accumulated other comprehensive income $ 286 $ (95) $ 191 Changes in the components of accumulated other comprehensive income (loss) are as follows and are presented net of tax for the three and nine months ended September 30, 2020 and September 30, 2019: (Dollars in thousands) Unrealized Unrealized Unfunded Accumulated Balance - July 1, 2020 $ 1,452 $ (369) $ 291 $ 1,374 Other comprehensive income before reclassifications 332 — 50 382 Amounts reclassified from accumulated other comprehensive income — 5 (36) (31) Reclassification adjustment for losses realized in income 10 — — 10 Other comprehensive income 342 5 14 361 Balance - September 30, 2020 $ 1,794 $ (364) $ 305 $ 1,735 Balance - July 1, 2019 $ 162 $ (379) $ 246 $ 29 Other comprehensive income before reclassifications 152 — 38 190 Amounts reclassified from accumulated other comprehensive income — 2 (30) (28) Reclassification adjustment for gains realized in income (12) — — (12) Other comprehensive income 140 2 8 150 Balance - September 30, 2019 $ 302 $ (377) $ 254 $ 179 January 1, 2020 $ 303 $ (374) $ 262 $ 191 Other comprehensive income before reclassifications 1,489 — 149 1,638 Amounts reclassified from accumulated other comprehensive income — 10 (106) (96) Reclassification adjustment for losses realized in income 2 — — 2 Other comprehensive income 1,491 10 43 1,544 Balance - September 30, 2020 $ 1,794 $ (364) $ 305 $ 1,735 January 1, 2019 $ (1,679) $ (382) $ 228 $ (1,833) Other comprehensive income before reclassifications 1,993 — 118 2,111 Amounts reclassified from accumulated other comprehensive income — 5 (92) (87) Reclassification adjustment for gains realized in income (12) — — (12) Other comprehensive income 1,981 5 26 2,012 Balance - September 30, 2019 $ 302 $ (377) $ 254 $ 179

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
Fair Value Disclosures (Tables)	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis	The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: September 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Fair Securities available for sale: U.S. Treasury securities and obligations of U.S. Government $ — $ 3,569 $ — $ 3,569 Residential collateralized mortgage obligations - GSE — 41,421 — 41,421 Residential mortgage backed securities - GSE — 15,082 — 15,082 Obligations of state and political subdivisions — 29,564 — 29,564 Trust preferred debt securities - single issuer — 1,388 — 1,388 Corporate debt securities 9,311 10,614 — 19,925 Other debt securities — 24,174 — 24,174 Interest rate lock derivative — 673 — 673 Total $ 9,311 $ 126,485 $ — $ 135,796 December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Fair Securities available for sale: U.S. Treasury securities and obligations of U.S. Government $ — $ 764 $ — $ 764 Residential collateralized mortgage obligations - GSE — 53,175 — 53,175 Residential mortgage backed securities - GSE — 18,387 — 18,387 Obligations of state and political subdivisions — 33,519 — 33,519 Trust preferred debt securities - single issuer — 1,442 — 1,442 Corporate debt securities 11,151 12,128 — 23,279 Other debt securities — 25,216 — 25,216 Interest rate lock derivative — 159 — 159 Total $ 11,151 $ 144,790 $ — $ 155,941
Schedule of Fair Value Measurements, Nonrecurring	Assets and liabilities subject to fair value adjustments (impairment) on a nonrecurring basis at September 30, 2020 and December 31, 2019 were as follows: (Dollars in thousands) Level 1 Level 2 Level 3 Total Fair September 30, 2020 Impaired loans $ — $ — $ 8,265 $ 8,265 December 31, 2019 Impaired loans $ — $ — $ 7,092 $ 7,092 Other real estate owned — — 93 93
Schedule of Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	The following table presents additional qualitative information about assets measured at fair value on a nonrecurring basis, where there was evidence of impairment, and for which the Company has utilized Level 3 inputs to determine fair value: (Dollars in thousands) Fair Value Valuation Unobservable Input Range September 30, 2020 Impaired loans $ 8,265 Appraisal of collateral (1) Appraisal adjustments (2) —% - 28.5% (12.2%) December 31, 2019 Impaired loans $ 7,092 Appraisal of collateral (1) Appraisal adjustments (2) 0.1% - 40.4% (12.6%) Other real estate owned $ 93 Appraisal of (1) Appraisal adjustments (2) 47.0% (47.0%) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs that are not identifiable. (2) Includes qualitative adjustments by management and estimated liquidation expenses.
Schedule of Fair Value, by Balance Sheet Grouping	The estimated fair values and carrying amounts of financial assets and liabilities as of September 30, 2020 and December 31, 2019 were as follows: September 30, 2020 Carrying Level 1 Level 2 Level 3 Fair (Dollars in thousands) Value Inputs Inputs Inputs Value Cash and cash equivalents $ 20,055 $ 20,055 $ — $ — $ 20,055 Securities available for sale 135,123 9,311 125,812 — 135,123 Securities held to maturity 87,811 — 90,735 — 90,735 Loans held for sale 28,196 — 29,099 — 29,099 Net loans 1,441,234 — — 1,498,557 1,498,557 SBA servicing asset 855 — 1,245 — 1,245 Interest rate lock derivative 673 — 673 — 673 Accrued interest receivable 5,689 — 5,689 — 5,689 FHLB stock 2,422 — 2,422 — 2,422 Deposits (1,511,033) — (1,513,161) — (1,513,161) Short-term borrowings (105,867) — (105,867) — (105,867) Redeemable subordinated debentures (18,557) — (10,877) — (10,877) Accrued interest payable (1,069) — (1,069) — (1,069) December 31, 2019 Carrying Level 1 Level 2 Level 3 Fair (Dollars in thousands) Value Inputs Inputs Inputs Value Cash and cash equivalents $ 14,842 $ 14,842 $ — $ — $ 14,842 Securities available for sale 155,782 11,151 144,631 — 155,782 Securities held to maturity 76,620 — 78,223 — 78,223 Loans held for sale 5,927 — 6,093 — 6,093 Net loans 1,206,757 — — 1,243,088 1,243,088 SBA servicing asset 930 — 1,245 — 1,245 Interest rate lock derivative 159 — 159 — 159 Accrued interest receivable 4,945 — 4,945 — 4,945 FHLB stock 4,176 — 4,176 — 4,176 Deposits (1,277,362) — (1,278,166) — (1,278,166) Short-term borrowings (92,050) — (92,050) — (92,050) Redeemable subordinated debentures (18,557) — (12,837) — (12,837) Accrued interest payable (1,592) — (1,592) — (1,592)

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2020
Leases [Abstract]
Schedule of Lease, Cost	For the three and nine months ended September 30, 2020 and 2019, the Company recognized rent and equipment expense associated with leases as follows: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Operating lease cost: Fixed rent expense and equipment expense $ 1,338 $ 501 $ 2,005 $ 1,477 Variable rent expense — — — — Short-term lease expense 23 3 35 7 Sublease income — — — — Net lease cost $ 1,361 $ 504 $ 2,040 $ 1,484 (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Lease cost - occupancy expense $ 1,245 $ 438 $ 1,859 $ 1,295 Lease cost - other expense 116 66 181 189 Net lease cost $ 1,361 $ 504 $ 2,040 $ 1,484 For the nine months ended September 30, 2020 and 2019, the following cash and non-cash activities were associated with the leases: Nine Months Ended September 30, (In thousands) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,896 $ 1,332 Non-cash investing and financing activities: Additions to ROU assets obtained from: Net lease cost — — New operating lease liabilities 250 417
Schedule of Lessee, Operating Lease, Liability, Maturity	The future payments due under operating leases at September 30, 2020 and 2019 were as follows: At September 30, (In thousands) 2020 2019 Due in less than one year $ 2,071 $ 1,841 Due in one year but less than two years 2,059 1,796 Due in two years but less than three years 2,014 1,784 Due in three years but less than four years 1,882 1,767 Due in four years but less than five years 1,712 1,644 Thereafter 13,836 12,483 Total future payments $ 23,574 $ 21,315 Less: Implied interest (5,860) (5,616) Total lease liability $ 17,714 $ 15,699

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	3 Months Ended	12 Months Ended
Summary of Significant Accounting Policies (Details)	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)numberOfReportingUnit
Accounting Policies [Abstract]
Number of reporting units \| numberOfReportingUnit		1
Goodwill		$ 35,000,000
Percentage of fair value in excess of carrying value	10.30%
Goodwill impairment	$ 0

Acquisition of Shore Communit_3

Acquisition of Shore Community Bank (Narrative) (Details) - USD ($) $ in Thousands	Nov. 08, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill						$ 35,000
Estimated future credit losses		$ 3	$ 18	$ 168	$ 481
Merger-related expenses		$ 0	$ 302	$ 64	$ 575
Shore Community Bank
Business Acquisition [Line Items]
Percentage of interests acquired	100.00%
Total consideration paid	$ 54,333
Number of shares issued (in shares)	1,509,275
Company stock issued	$ 29,175
Cash payment to acquire business	25,100
Cash payment for unexercised outstanding stock options	925
Goodwill	$ 23,194
Measurement adjustment term	1 year
Acquired loans receivable	$ 205,833
Core deposit intangible asset	1,467
Merger-related expenses						$ 1,700
Financial Asset Acquired with Credit Deterioration \| Shore Community Bank
Business Acquisition [Line Items]
Estimated future credit losses	3,600
Acquired loans receivable	4,571
Financial Asset Acquired and No Credit Deterioration \| Shore Community Bank
Business Acquisition [Line Items]
Acquired loans receivable	201,262
Core Deposits \| Shore Community Bank
Business Acquisition [Line Items]
Core deposit intangible asset	$ 1,500
Acquired intangible assets, weighted average useful life	10 years

Acquisition of Shore Communit_4

Acquisition of Shore Community Bank (Summary of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Nov. 08, 2019	Dec. 31, 2019
Recognized amounts of identifiable assets acquired and liabilities assumed at fair value:
Goodwill recorded from Shore merger		$ 35,000
Shore Community Bank
Consideration paid:
Company stock issued	$ 29,175
Cash payment	24,233
Cash payment for unexercised outstanding stock options	925
Total consideration paid	54,333
Recognized amounts of identifiable assets acquired and liabilities assumed at fair value:
Cash and cash equivalents	32,599
Investment securities available for sale	26,440
Loans	205,833
Premises and equipment, net	4,433
Core deposit intangible asset	1,467
Bank-owned life insurance	7,250
Right-of-use assets	3,226
Accrued interest receivable	778
Other real estate owned	605
Other assets	2,518
Deposits	(249,836)
Lease liability	(3,226)
Other liabilities	(948)
Total identifiable assets and liabilities, net	31,139
Goodwill recorded from Shore merger	$ 23,194

Acquisition of Shore Communit_5

Acquisition of Shore Community Bank (Summary of Loans Acquired at Fair Value) (Details) - Shore Community Bank $ in Thousands	Nov. 08, 2019USD ($)
Business Acquisition [Line Items]
Acquired loans receivable	$ 205,833
Consumer Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	7,171
Construction \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	9,733
Commercial real estate \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	139,553
Commercial business \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	12,027
Residential real estate \| Residential Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	37,349
Financial Asset Acquired and No Credit Deterioration
Business Acquisition [Line Items]
Acquired loans receivable	201,262
Financial Asset Acquired and No Credit Deterioration \| Consumer Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	7,171
Financial Asset Acquired and No Credit Deterioration \| Construction \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	9,733
Financial Asset Acquired and No Credit Deterioration \| Commercial real estate \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	135,482
Financial Asset Acquired and No Credit Deterioration \| Commercial business \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	12,027
Financial Asset Acquired and No Credit Deterioration \| Residential real estate \| Residential Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	36,849
Financial Asset Acquired with Credit Deterioration
Business Acquisition [Line Items]
Acquired loans receivable	4,571
Financial Asset Acquired with Credit Deterioration \| Consumer Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	0
Financial Asset Acquired with Credit Deterioration \| Construction \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	0
Financial Asset Acquired with Credit Deterioration \| Commercial real estate \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	4,071
Financial Asset Acquired with Credit Deterioration \| Commercial business \| Commercial Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	0
Financial Asset Acquired with Credit Deterioration \| Residential real estate \| Residential Portfolio Segment
Business Acquisition [Line Items]
Acquired loans receivable	$ 500

Acquisition of Shore Communit_6

Acquisition of Shore Community Bank (Summary of Loans Acquired with Credit Quality Deterioration) (Details) - Shore Community Bank $ in Thousands	Nov. 08, 2019USD ($)
Business Acquisition [Line Items]
Fair value of acquired loans	$ 205,833
Financial Asset Acquired with Credit Deterioration
Business Acquisition [Line Items]
Contractually required principal and interest at acquisition	7,584
Contractual cash flows not expected to be collected (non-accretable difference)	2,355
Expected cash flows at acquisition	5,229
Interest component of expected cash flows (accretable difference)	658
Fair value of acquired loans	$ 4,571

Acquisition of Shore Communit_7

Acquisition of Shore Community Bank (Projected Amortization Expense of Core Deposits Acquired) (Details) - Core Deposits - Shore Community Bank $ in Thousands	Nov. 08, 2019USD ($)
Business Acquisition [Line Items]
2020	$ 62
2021	236
2022	209
2023	182
2024	156
Thereafter	378
Total	$ 1,223

Acquisition of Shore Communit_8

Acquisition of Shore Community Bank (Pro Forma Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Business Acquisition [Line Items]
Net interest income	$ 15,352	$ 11,517	$ 42,136	$ 34,177
Non-interest income	4,736	2,206	10,292	6,242
Non-interest expenses	10,962	8,435	30,592	25,096
Income taxes	1,896	1,315	4,475	3,883
Net income	$ 4,910	3,623	12,021	10,390
Shore Community Bank
Business Acquisition [Line Items]
Pro forma, Net interest income		14,161	42,136	41,936
Pro forma, Non-interest income		2,373	10,292	6,748
Pro forma, Non-interest expense		9,312	30,528	29,048
Pro forma, Income taxes		1,731	4,494	4,939
Pro forma, Net income		$ 5,171	12,066	$ 13,528
Shore Community Bank
Business Acquisition [Line Items]
Net interest income			7,185
Non-interest income			284
Non-interest expenses			2,869
Income taxes			1,108
Net income			$ 2,997

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
Earnings Per Common Share (Narrative) (Details) - shares	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Equity Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	54,930	27,930	41,430	27,930

Earnings Per Common Share (Reco

Earnings Per Common Share (Reconciliation of Basic and Diluted Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 4,910	$ 3,623	$ 12,021	$ 10,390
Basic weighted average shares outstanding
Basic weighted average shares outstanding (in Shares)	10,230,488	8,666,251	10,213,601	8,641,684
Plus: common stock equivalents (in Shares)	38,463	56,098	46,876	57,275
Diluted weighted average shares outstanding (in Shares)	10,268,951	8,722,349	10,260,477	8,698,959
Earnings per share:
Basic (in Dollars per share)	$ 0.48	$ 0.42	$ 1.18	$ 1.20
Diluted (in Dollars per share)	$ 0.48	$ 0.42	$ 1.17	$ 1.19

Investment Securities (Debt Sec

Investment Securities (Debt Securities, Available-for-sale) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 132,742	$ 155,368
Gross Unrealized Gains	2,991	1,047
Gross Unrealized Losses	(610)	(633)
Fair Value	135,123	155,782
U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,574	774
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(6)	(10)
Fair Value	3,569	764
Residential collateralized mortgage obligations - GSE
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	41,047	53,223
Gross Unrealized Gains	533	194
Gross Unrealized Losses	(159)	(242)
Fair Value	41,421	53,175
Residential mortgage backed securities - GSE
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	14,478	18,100
Gross Unrealized Gains	611	292
Gross Unrealized Losses	(7)	(5)
Fair Value	15,082	18,387
Obligations of state and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	28,538	33,177
Gross Unrealized Gains	1,026	342
Gross Unrealized Losses	0	0
Fair Value	29,564	33,519
Trust preferred debt securities - single issuer
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,493	1,492
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(105)	(50)
Fair Value	1,388	1,442
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	19,500	23,224
Gross Unrealized Gains	497	139
Gross Unrealized Losses	(72)	(84)
Fair Value	19,925	23,279
Other debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	24,112	25,378
Gross Unrealized Gains	323	80
Gross Unrealized Losses	(261)	(242)
Fair Value	$ 24,174	$ 25,216

Investment Securities (Held-to-

Investment Securities (Held-to-maturity Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Held to maturity
Amortized Cost	$ 88,289	$ 77,112
Other-Than- Temporary Impairment Recognized In Accumulated Other Comprehensive Loss	(478)	(492)
Carrying Value	87,811	76,620
Gross Unrealized Gains	2,934	1,726
Gross Unrealized Losses	(10)	(123)
Fair Value	90,735	78,223
Residential collateralized mortgage obligations - GSE
Held to maturity
Amortized Cost	5,831	5,117
Other-Than- Temporary Impairment Recognized In Accumulated Other Comprehensive Loss	0	0
Carrying Value	5,831	5,117
Gross Unrealized Gains	246	76
Gross Unrealized Losses	0	(35)
Fair Value	6,077	5,158
Residential mortgage backed securities - GSE
Held to maturity
Amortized Cost	26,863	36,528
Other-Than- Temporary Impairment Recognized In Accumulated Other Comprehensive Loss	0	0
Carrying Value	26,863	36,528
Gross Unrealized Gains	1,260	481
Gross Unrealized Losses	0	(54)
Fair Value	28,123	36,955
Obligations of state and political subdivisions
Held to maturity
Amortized Cost	52,842	32,533
Other-Than- Temporary Impairment Recognized In Accumulated Other Comprehensive Loss	0	0
Carrying Value	52,842	32,533
Gross Unrealized Gains	970	690
Gross Unrealized Losses	(10)	(25)
Fair Value	53,802	33,198
Trust preferred debt securities - pooled
Held to maturity
Amortized Cost	652	657
Other-Than- Temporary Impairment Recognized In Accumulated Other Comprehensive Loss	(478)	(492)
Carrying Value	174	165
Gross Unrealized Gains	382	479
Gross Unrealized Losses	0	0
Fair Value	556	644
Other debt securities
Held to maturity
Amortized Cost	2,101	2,277
Other-Than- Temporary Impairment Recognized In Accumulated Other Comprehensive Loss	0	0
Carrying Value	2,101	2,277
Gross Unrealized Gains	76	0
Gross Unrealized Losses	0	(9)
Fair Value	$ 2,177	$ 2,268

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
Investment Securities (Narrative) (Details) $ in Thousands	Sep. 30, 2020USD ($)security	Sep. 30, 2020USD ($)securityfinancial_institution	Dec. 31, 2009USD ($)	Dec. 31, 2019USD ($)security
Schedule of Marketable Securities [Line Items]
Restricted stock	$ 2,600	$ 2,600		$ 4,300
Federal home loan bank, stock	2,400	$ 2,400		$ 4,100
Proceeds from sale of held-to-maturity securities	2,600
Net gain on marketable securities	$ 87
Percentage of original principal balance outstanding at the time of purchase (less than)	15.00%	15.00%
Number of corporate trust preferred securities issued \| security	28	28		75
Other than temporary impairment			$ 865
Other-than-temporary impairment loss, debt securities, portion recognized in earnings			364
Other than temporary impairment loss, portion in other comprehensive loss			$ 501
Accretion recognized as increase in carrying amount of security		$ 14
Trust preferred debt securities – single issue
Schedule of Marketable Securities [Line Items]
Number of corporate trust preferred securities issued \| security	2	2		2
Number of issuers of corporate trust preferred securities \| financial_institution		1
Atlantic Community Bankers Bank Stock \| Bankers Bank Stock
Schedule of Marketable Securities [Line Items]
Bankers bank stock	$ 160	$ 160		$ 160
Federal Home Loan Bank Borrowings [Member]
Schedule of Marketable Securities [Line Items]
Investment securities pledged to secure funds	$ 89,400	$ 89,400		$ 92,200

Investment Securities (Securiti

Investment Securities (Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Amortized Cost
Due in one year or less	$ 5,047
Due after one year through five years	28,103
Due after five years through ten years	33,831
Due after ten years	65,761
Amortized Cost	132,742	$ 155,368
Fair Value
Due in one year or less	5,041
Due after one year through five years	29,194
Due after five years through ten years	34,088
Due after ten years	66,800
Total	$ 135,123	155,782
Yield
Due in one year or less	1.11%
Due after one year through five years	2.38%
Due after five years through ten years	1.77%
Due after ten years	2.15%
Total	2.07%
Carrying Value
Due in one year or less	$ 18,359
Due after one year through five years	6,279
Due after five years through ten years	16,842
Due after ten years	46,331
Carrying Value	87,811	76,620
Fair Value
Due in one year or less	18,411
Due after one year through five years	6,464
Due after five years through ten years	17,565
Due after ten years	48,295
Total	$ 90,735	$ 78,223
Yield
Due in one year or less	2.43%
Due after one year through five years	4.56%
Due after five years through ten years	2.87%
Due after ten years	2.81%
Total	2.87%

Investment Securities (Unrealiz

Investment Securities (Unrealized Losses on Available for Sale and Held to Maturity Securities) (Details) $ in Thousands	Sep. 30, 2020USD ($)security	Dec. 31, 2019USD ($)security
Debt and Equity Securities, FV-NI [Line Items]
Securities in a continuous unrealized loss position, number \| security	28	75
Securities in a continuous unrealized loss position, less than 12 months, fair value	$ 14,510	$ 43,594
Securities in a continuous unrealized loss position, less than 12 months, unrealized losses	(79)	(388)
Securities in a continuous unrealized loss position, 12 months or longer, fair value	32,768	28,821
Securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	(541)	(368)
Securities in a continuous unrealized loss position, fair value	47,278	72,415
Securities in a continuous unrealized loss position, unrealized losses	$ (620)	$ (756)
U.S. Treasury securities and obligations of U.S. Government sponsored entities (GSE) and agencies
Debt and Equity Securities, FV-NI [Line Items]
Securities in a continuous unrealized loss position, number \| security	1	1
Securities in a continuous unrealized loss position, less than 12 months, fair value	$ 588	$ 764
Securities in a continuous unrealized loss position, less than 12 months, unrealized losses	(6)	(10)
Securities in a continuous unrealized loss position, 12 months or longer, fair value	0	0
Securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	0	0
Securities in a continuous unrealized loss position, fair value	588	764
Securities in a continuous unrealized loss position, unrealized losses	$ (6)	$ (10)
Residential collateralized mortgage obligations - GSE
Debt and Equity Securities, FV-NI [Line Items]
Securities in a continuous unrealized loss position, number \| security	7	39
Securities in a continuous unrealized loss position, less than 12 months, fair value	$ 7,948	$ 18,328
Securities in a continuous unrealized loss position, less than 12 months, unrealized losses	(37)	(138)
Securities in a continuous unrealized loss position, 12 months or longer, fair value	11,610	13,300
Securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	(122)	(139)
Securities in a continuous unrealized loss position, fair value	19,558	31,628
Securities in a continuous unrealized loss position, unrealized losses	$ (159)	$ (277)
Residential mortgage backed securities - GSE
Debt and Equity Securities, FV-NI [Line Items]
Securities in a continuous unrealized loss position, number \| security	3	13
Securities in a continuous unrealized loss position, less than 12 months, fair value	$ 212	$ 5,505
Securities in a continuous unrealized loss position, less than 12 months, unrealized losses	(7)	(59)
Securities in a continuous unrealized loss position, 12 months or longer, fair value	0	0
Securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	0	0
Securities in a continuous unrealized loss position, fair value	212	5,505
Securities in a continuous unrealized loss position, unrealized losses	$ (7)	$ (59)
Obligations of state and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Securities in a continuous unrealized loss position, number \| security	3	4
Securities in a continuous unrealized loss position, less than 12 months, fair value	$ 2,782	$ 2,311
Securities in a continuous unrealized loss position, less than 12 months, unrealized losses	(10)	(25)
Securities in a continuous unrealized loss position, 12 months or longer, fair value	0	527
Securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	0	0
Securities in a continuous unrealized loss position, fair value	2,782	2,838
Securities in a continuous unrealized loss position, unrealized losses	$ (10)	$ (25)
Trust preferred debt securities - single issuer
Debt and Equity Securities, FV-NI [Line Items]
Securities in a continuous unrealized loss position, number \| security	2	2
Securities in a continuous unrealized loss position, less than 12 months, fair value	$ 0	$ 0
Securities in a continuous unrealized loss position, less than 12 months, unrealized losses	0	0
Securities in a continuous unrealized loss position, 12 months or longer, fair value	1,389	1,442
Securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	(105)	(50)
Securities in a continuous unrealized loss position, fair value	1,389	1,442
Securities in a continuous unrealized loss position, unrealized losses	$ (105)	$ (50)
Corporate debt securities
Debt and Equity Securities, FV-NI [Line Items]
Securities in a continuous unrealized loss position, number \| security	3	4
Securities in a continuous unrealized loss position, less than 12 months, fair value	$ 2,980	$ 2,994
Securities in a continuous unrealized loss position, less than 12 months, unrealized losses	(19)	(5)
Securities in a continuous unrealized loss position, 12 months or longer, fair value	4,947	7,954
Securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	(53)	(79)
Securities in a continuous unrealized loss position, fair value	7,927	10,948
Securities in a continuous unrealized loss position, unrealized losses	$ (72)	$ (84)
Other debt securities
Debt and Equity Securities, FV-NI [Line Items]
Securities in a continuous unrealized loss position, number \| security	9	12
Securities in a continuous unrealized loss position, less than 12 months, fair value	$ 0	$ 13,692
Securities in a continuous unrealized loss position, less than 12 months, unrealized losses	0	(151)
Securities in a continuous unrealized loss position, 12 months or longer, fair value	14,822	5,598
Securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	(261)	(100)
Securities in a continuous unrealized loss position, fair value	14,822	19,290
Securities in a continuous unrealized loss position, unrealized losses	$ (261)	$ (251)

Allowance for Loan Losses and_3

Allowance for Loan Losses and Credit Quality (Aging of Loan Portfolio) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 1,457,311	$ 1,215,537
Deferred loan (fees) costs, net	(1,627)	491
Total loans	1,455,684	1,216,028
Total Loans [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	20,941	10,772
Current	1,436,370	1,204,765
Total Loans Receivable	1,457,311	1,215,537
Recorded Investment > 90 Days Accruing	92	0
Non-accrual Loans	17,153	4,497
Total Loans [Member] \| 30 to 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	3,561	3,374
Total Loans [Member] \| 60 to 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	4,264	2,198
Total Loans [Member] \| Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	13,116	5,200
Commercial Portfolio Segment \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Total Past Due	9,817	6,047
Current	606,140	561,608
Total Loans Receivable	615,957	567,655
Recorded Investment > 90 Days Accruing	0	0
Non-accrual Loans	8,083	2,596
Commercial Portfolio Segment \| Commercial real estate \| 30 to 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	2,290	238
Commercial Portfolio Segment \| Commercial real estate \| 60 to 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	3,264	1,927
Commercial Portfolio Segment \| Commercial real estate \| Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	4,263	3,882
Commercial Portfolio Segment \| Mortgage warehouse lines
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Current	374,007	236,672
Total Loans Receivable	374,007	236,672
Recorded Investment > 90 Days Accruing	0	0
Non-accrual Loans	0	0
Commercial Portfolio Segment \| Mortgage warehouse lines \| 30 to 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment \| Mortgage warehouse lines \| 60 to 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment \| Mortgage warehouse lines \| Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment \| Construction
Financing Receivable, Past Due [Line Items]
Total Past Due	7,500	0
Current	134,083	148,939
Total Loans Receivable	141,583	148,939
Recorded Investment > 90 Days Accruing	0	0
Non-accrual Loans	7,500	0
Commercial Portfolio Segment \| Construction \| 30 to 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment \| Construction \| 60 to 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment \| Construction \| Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	7,500	0
Commercial Portfolio Segment \| Commercial business
Financing Receivable, Past Due [Line Items]
Total Past Due	1,378	711
Current	208,626	138,560
Total Loans Receivable	210,004	139,271
Recorded Investment > 90 Days Accruing	0	0
Non-accrual Loans	444	501
Commercial Portfolio Segment \| Commercial business \| 30 to 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	961	381
Commercial Portfolio Segment \| Commercial business \| 60 to 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	118	0
Commercial Portfolio Segment \| Commercial business \| Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	299	330
Residential Portfolio Segment \| Residential real estate
Financing Receivable, Past Due [Line Items]
Total Past Due	1,946	3,407
Current	86,260	86,852
Total Loans Receivable	88,206	90,259
Recorded Investment > 90 Days Accruing	92	0
Non-accrual Loans	817	708
Residential Portfolio Segment \| Residential real estate \| 30 to 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	310	2,459
Residential Portfolio Segment \| Residential real estate \| 60 to 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	882	271
Residential Portfolio Segment \| Residential real estate \| Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	754	677
Consumer Portfolio Segment \| Loans to individuals
Financing Receivable, Past Due [Line Items]
Total Past Due	300	607
Current	27,132	31,997
Total Loans Receivable	27,432	32,604
Recorded Investment > 90 Days Accruing	0	0
Non-accrual Loans	309	692
Consumer Portfolio Segment \| Loans to individuals \| 30 to 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	296
Consumer Portfolio Segment \| Loans to individuals \| 60 to 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Consumer Portfolio Segment \| Loans to individuals \| Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	300	311
Consumer Portfolio Segment \| Other loans
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Current	122	137
Total Loans Receivable	122	137
Recorded Investment > 90 Days Accruing	0	0
Non-accrual Loans	0	0
Consumer Portfolio Segment \| Other loans \| 30 to 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Consumer Portfolio Segment \| Other loans \| 60 to 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Consumer Portfolio Segment \| Other loans \| Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 0	$ 0

Allowance for Loan Losses and_4

Allowance for Loan Losses and Credit Quality (Narrative) (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Dec. 31, 2019USD ($)	Nov. 08, 2019USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 1,455,684,000	$ 1,455,684,000		$ 1,216,028,000
Paycheck Protection Program loans amount	75,600,000	75,600,000
Paycheck Protection Program loans reserve amount	0	$ 0
Number of contracts modified as TDR \| loan		0
Number of TDRs that subsequently defaulted \| loan		0	0
Loans modified to defer payment of interest and or principal for up to 90 days		$ 149,300,000
Loans modified to defer payment of interest and or principal for up to 90 days, amount no longer deferred and with contractually payments made	123,600,000	123,600,000
Loans modified to defer payment of interest and or principal for up to 90 days, amount with no payment received after deferral period	595,000	595,000
Loans modified to defer payment of interest and or principal for up to 90 days, amount with contractually payments made	974,000
Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,581,000	5,581,000		6,257,000
Shore Community Bank \| Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Loans					$ 4,600,000
Purchased credit-impaired loans, book value					$ 6,300,000
Commercial Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Loans modified to defer payment of interest and or principal for up to 90 days		140,900,000
Loans modified to defer payment of interest and or principal for 90 days	12,100,000	$ 12,100,000
Commercial Portfolio Segment \| Commercial Business
Financing Receivable, Credit Quality Indicator [Line Items]
Number of contracts modified as TDR \| loan		3
Recorded investment of pre modified TDR			$ 596,000
Recorded investment of post modified TDR			$ 596,000
Commercial Portfolio Segment \| Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Number of contracts modified as TDR \| loan			1
Recorded investment of pre modified TDR			$ 1,800,000
Recorded investment of post modified TDR			$ 1,800,000
Consumer Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
Loans modified to defer payment of interest and or principal for up to 90 days		$ 8,400,000
Loans modified to defer payment of interest and or principal for up to 90 days, amount with a second deferral	10,300,000
Loans modified to defer payment of interest and or principal for up to 90 days, amount with first deferral of interest received	1,800,000
Loans modified to defer payment of interest and or principal for up to 90 days placed on non-accrual	4,600,000
Performing \| Financial Asset Acquired with Credit Deterioration
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 4,000,000	$ 4,000,000		$ 5,400,000

Allowance for Loan Losses and_5

Allowance for Loan Losses and Credit Quality (Commercial and Consumer Loans by Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	$ 1,457,311	$ 1,215,537
Commercial Portfolio Segment \| Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	141,583	148,939
Commercial Portfolio Segment \| Construction \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	134,083	147,132
Commercial Portfolio Segment \| Construction \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	0	0
Commercial Portfolio Segment \| Construction \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	7,500	1,807
Commercial Portfolio Segment \| Construction \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	0	0
Commercial Portfolio Segment \| Commercial Business
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	210,004	139,271
Commercial Portfolio Segment \| Commercial Business \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	199,857	135,804
Commercial Portfolio Segment \| Commercial Business \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	3,117	1,990
Commercial Portfolio Segment \| Commercial Business \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	6,794	1,477
Commercial Portfolio Segment \| Commercial Business \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	236	0
Commercial Portfolio Segment \| Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	615,957	567,655
Commercial Portfolio Segment \| Commercial Real Estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	576,015	538,104
Commercial Portfolio Segment \| Commercial Real Estate \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	14,930	9,994
Commercial Portfolio Segment \| Commercial Real Estate \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	25,012	19,557
Commercial Portfolio Segment \| Commercial Real Estate \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	0	0
Commercial Portfolio Segment \| Mortgage Warehouse Lines
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	374,007	236,672
Commercial Portfolio Segment \| Mortgage Warehouse Lines \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	373,070	235,808
Commercial Portfolio Segment \| Mortgage Warehouse Lines \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	937	864
Commercial Portfolio Segment \| Mortgage Warehouse Lines \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	0	0
Commercial Portfolio Segment \| Mortgage Warehouse Lines \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	0	0
Residential Portfolio Segment \| Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	88,206	90,259
Residential Portfolio Segment \| Residential Real Estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	85,118	87,512
Residential Portfolio Segment \| Residential Real Estate \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	1,243	922
Residential Portfolio Segment \| Residential Real Estate \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	1,845	1,825
Residential Portfolio Segment \| Residential Real Estate \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	0	0
Consumer Portfolio Segment \| Loans To Individuals
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	27,432	32,604
Consumer Portfolio Segment \| Loans To Individuals \| Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	27,123	31,912
Consumer Portfolio Segment \| Loans To Individuals \| Non-performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	309	692
Consumer Portfolio Segment \| Other loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	122	137
Consumer Portfolio Segment \| Other loans \| Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	122	137
Consumer Portfolio Segment \| Other loans \| Non-performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	$ 0	$ 0

Allowance for Loan Losses and_6

Allowance for Loan Losses and Credit Quality (Allowance for Loan Losses by Impairment Method) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	$ 1,609		$ 65
Allowance for loan losses, ending balance	14,450	$ 12,126	9,271	$ 8,977	$ 8,641	$ 8,402
Allowance for loan losses, collectively evaluated for impairment	12,832		9,202
Loans receivable:
Loans receivables, individually evaluated for impairment	22,444		10,629
Loans receivables, ending balance	1,457,311		1,215,537
Loans receivables, collectively evaluated for impairment	1,429,287		1,198,651
Deferred loan (fees) costs, net	(1,627)		491
Total loans	1,455,684		1,216,028
Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	9		4
Loans receivable:
Loans receivables, ending balance	5,580		6,257
Total loans	5,581		6,257
Commercial Portfolio Segment \| Construction
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	1,433		8
Allowance for loan losses, ending balance	3,219	1,661	1,389	1,585	1,760	1,732
Allowance for loan losses, collectively evaluated for impairment	1,786		1,381
Loans receivable:
Loans receivables, individually evaluated for impairment	7,500		1,807
Loans receivables, ending balance	141,583		148,939
Loans receivables, collectively evaluated for impairment	134,083		147,132
Commercial Portfolio Segment \| Construction \| Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	0		0
Loans receivable:
Loans receivables, ending balance	0		0
Commercial Portfolio Segment \| Commercial Business
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	89		7
Allowance for loan losses, ending balance	2,571	1,780	1,409	1,398	1,546	1,829
Allowance for loan losses, collectively evaluated for impairment	2,482		1,399
Loans receivable:
Loans receivables, individually evaluated for impairment	1,183		1,251
Loans receivables, ending balance	210,004		139,271
Loans receivables, collectively evaluated for impairment	208,506		137,686
Commercial Portfolio Segment \| Commercial Business \| Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	0		3
Loans receivable:
Loans receivables, ending balance	315		334
Commercial Portfolio Segment \| Commercial Real Estate
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	87		50
Allowance for loan losses, ending balance	6,077	6,619	4,524	4,269	3,754	3,439
Allowance for loan losses, collectively evaluated for impairment	5,981		4,473
Loans receivable:
Loans receivables, individually evaluated for impairment	12,634		6,171
Loans receivables, ending balance	615,957		567,655
Loans receivables, collectively evaluated for impairment	598,460		556,065
Commercial Portfolio Segment \| Commercial Real Estate \| Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	9		1
Loans receivable:
Loans receivables, ending balance	4,863		5,419
Commercial Portfolio Segment \| Mortgage Warehouse Lines
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	0		0
Allowance for loan losses, ending balance	1,707	1,337	1,083	1,137	933	731
Allowance for loan losses, collectively evaluated for impairment	1,707		1,083
Loans receivable:
Loans receivables, individually evaluated for impairment	0		0
Loans receivables, ending balance	374,007		236,672
Loans receivables, collectively evaluated for impairment	374,007		236,672
Commercial Portfolio Segment \| Mortgage Warehouse Lines \| Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	0		0
Loans receivable:
Loans receivables, ending balance	0		0
Residential Portfolio Segment \| Residential Real Estate
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	0		0
Allowance for loan losses, ending balance	524	506	412	406	480	431
Allowance for loan losses, collectively evaluated for impairment	524		412
Loans receivable:
Loans receivables, individually evaluated for impairment	817		708
Loans receivables, ending balance	88,206		90,259
Loans receivables, collectively evaluated for impairment	86,987		89,047
Residential Portfolio Segment \| Residential Real Estate \| Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	0		0
Loans receivable:
Loans receivables, ending balance	402		504
Consumer Portfolio Segment \| Loans To Individuals
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	0		0
Allowance for loan losses, ending balance	179	182	185	154	142	148
Allowance for loan losses, collectively evaluated for impairment	179		185
Loans receivable:
Loans receivables, individually evaluated for impairment	310		692
Loans receivables, ending balance	27,432		32,604
Loans receivables, collectively evaluated for impairment	27,122		31,912
Consumer Portfolio Segment \| Loans To Individuals \| Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	0		0
Loans receivable:
Loans receivables, ending balance	0		0
Consumer Portfolio Segment \| Other
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	0		0
Allowance for loan losses, ending balance	0	0	0	0	0	0
Allowance for loan losses, collectively evaluated for impairment			0
Loans receivable:
Loans receivables, individually evaluated for impairment	0		0
Loans receivables, ending balance	122		137
Loans receivables, collectively evaluated for impairment	122		137
Consumer Portfolio Segment \| Other \| Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	0		0
Loans receivable:
Loans receivables, ending balance	0		0
Unallocated
Allowance for loan losses:
Allowance for loan losses, individually evaluated for impairment	0		0
Allowance for loan losses, ending balance	173	$ 41	269	$ 28	$ 26	$ 92
Allowance for loan losses, collectively evaluated for impairment	173		269
Loans receivable:
Loans receivables, individually evaluated for impairment	0		0
Loans receivables, ending balance	0		0
Loans receivables, collectively evaluated for impairment	0		0
Unallocated \| Financial Asset Acquired with Credit Deterioration
Allowance for loan losses:
Allowance for loan losses, ending balance	0		0
Loans receivable:
Loans receivables, ending balance	$ 0		$ 0

Allowance for Loan Losses and_7

Allowance for Loan Losses and Credit Quality (Allowance for Loan Losses Activity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 12,126	$ 8,641	$ 9,271	$ 8,402
Provision charged/(credited) to operations	2,320	350	5,340	1,050
Loans charged off	(3)	(18)	(168)	(481)
Recoveries of loans charged off	7	4	7	6
Ending Balance	14,450	8,977	14,450	8,977
Commercial Portfolio Segment \| Construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,661	1,760	1,389	1,732
Provision charged/(credited) to operations	1,558	(175)	1,830	(147)
Loans charged off	0	0	0	0
Recoveries of loans charged off	0	0	0	0
Ending Balance	3,219	1,585	3,219	1,585
Commercial Portfolio Segment \| Commercial Business
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,780	1,546	1,409	1,829
Provision charged/(credited) to operations	791	(148)	1,327	(86)
Loans charged off	0	0	(165)	(345)
Recoveries of loans charged off	0	0	0	0
Ending Balance	2,571	1,398	2,571	1,398
Commercial Portfolio Segment \| Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	6,619	3,754	4,524	3,439
Provision charged/(credited) to operations	(549)	533	1,546	923
Loans charged off	0	(18)	0	(93)
Recoveries of loans charged off	7	0	7	0
Ending Balance	6,077	4,269	6,077	4,269
Commercial Portfolio Segment \| Mortgage Warehouse Lines
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,337	933	1,083	731
Provision charged/(credited) to operations	370	204	624	406
Loans charged off	0	0	0	0
Recoveries of loans charged off	0	0	0	0
Ending Balance	1,707	1,137	1,707	1,137
Residential Portfolio Segment \| Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	506	480	412	431
Provision charged/(credited) to operations	18	(74)	112	(25)
Loans charged off	0	0	0	0
Recoveries of loans charged off	0	0	0	0
Ending Balance	524	406	524	406
Consumer Portfolio Segment \| Loans To Individuals
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	182	142	185	148
Provision charged/(credited) to operations	0	8	(3)	0
Loans charged off	(3)	0	(3)	0
Recoveries of loans charged off	0	4	0	6
Ending Balance	179	154	179	154
Consumer Portfolio Segment \| Other Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	0	0	0	0
Provision charged/(credited) to operations	0	0	0	43
Loans charged off	0	0	0	(43)
Recoveries of loans charged off	0	0	0	0
Ending Balance	0	0	0	0
Unallocated
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	41	26	269	92
Provision charged/(credited) to operations	132	2	(96)	(64)
Loans charged off	0	0	0	0
Recoveries of loans charged off	0	0	0	0
Ending Balance	$ 173	$ 28	$ 173	$ 28

Allowance for Loan Losses and_8

Allowance for Loan Losses and Credit Quality (Impaired Loans Receivables) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
With no allowance:
Recorded Investment	$ 18,140		$ 18,140		$ 9,725
Unpaid Principal Balance	21,036		21,036		12,442
Average Recorded Investment	23,706	$ 5,964	19,755	$ 4,968
Interest Income Recognized	170	21	515	108
With an allowance:
Recorded Investment	9,884		9,884		7,161
Unpaid Principal Balance	11,192		11,192		8,557
Related Allowance	1,618		1,618		69
Average Recorded Investment	5,637	5,962	5,289	5,820
Interest Income Recognized	21	108	63	228
Total:
Recorded Investment	28,024		28,024		16,886
Unpaid Principal Balance	32,228		32,228		20,999
Related Allowance	1,618		1,618		69
Average Recorded Investment	29,343	11,926	25,044	10,788
Interest Income Recognized	191	129	578	336
Commercial Portfolio Segment
With no allowance:
Recorded Investment	16,611		16,611		7,821
Unpaid Principal Balance	19,227		19,227		10,175
Average Recorded Investment	22,022	3,770	17,939	2,997
Interest Income Recognized	163	21	490	108
With an allowance:
Recorded Investment	9,884		9,884		7,161
Unpaid Principal Balance	11,192		11,192		8,557
Related Allowance	1,618		1,618		69
Average Recorded Investment	5,637	5,962	5,289	5,820
Interest Income Recognized	21	108	63	228
Total:
Related Allowance	1,618		1,618		69
Commercial Portfolio Segment \| Construction
With no allowance:
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Average Recorded Investment	6,185	0	6,197	46
Interest Income Recognized	0	0	0	2
With an allowance:
Recorded Investment	7,500		7,500		1,807
Unpaid Principal Balance	7,500		7,500		1,807
Related Allowance	1,433		1,433		8
Average Recorded Investment	2,500	602	1,235	201
Interest Income Recognized	0	29	0	29
Total:
Recorded Investment	7,500		7,500		1,807
Unpaid Principal Balance	7,500		7,500		1,807
Related Allowance	1,433		1,433		8
Average Recorded Investment	8,685	602	7,432	247
Interest Income Recognized	0	29	0	31
Commercial Portfolio Segment \| Commercial Business
With no allowance:
Recorded Investment	1,284		1,284		680
Unpaid Principal Balance	2,686		2,686		1,971
Average Recorded Investment	1,509	951	1,408	952
Interest Income Recognized	17	4	51	56
With an allowance:
Recorded Investment	214		214		905
Unpaid Principal Balance	214		214		993
Related Allowance	89		89		10
Average Recorded Investment	214	578	337	1,008
Interest Income Recognized	0	20	0	23
Total:
Recorded Investment	1,498		1,498		1,585
Unpaid Principal Balance	2,900		2,900		2,964
Related Allowance	89		89		10
Average Recorded Investment	1,723	1,529	1,745	1,960
Interest Income Recognized	17	24	51	79
Commercial Portfolio Segment \| Commercial Real Estate
With no allowance:
Recorded Investment	15,327		15,327		7,141
Unpaid Principal Balance	16,541		16,541		8,204
Average Recorded Investment	14,328	2,819	10,334	1,999
Interest Income Recognized	146	17	439	50
With an allowance:
Recorded Investment	2,170		2,170		4,449
Unpaid Principal Balance	3,478		3,478		5,757
Related Allowance	96		96		51
Average Recorded Investment	2,923	4,782	3,717	4,611
Interest Income Recognized	21	59	63	176
Total:
Recorded Investment	17,497		17,497		11,590
Unpaid Principal Balance	20,019		20,019		13,961
Related Allowance	96		96		51
Average Recorded Investment	17,251	7,601	14,051	6,610
Interest Income Recognized	167	76	502	226
Commercial Portfolio Segment \| Mortgage Warehouse Lines
With no allowance:
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Average Recorded Investment	0	0	0
Interest Income Recognized	0	0	0	0
With an allowance:
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	0	0	0
Total:
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	0	0	0
Residential Portfolio Segment \| Residential Real Estate
With no allowance:
Recorded Investment	1,219		1,219		1,212
Unpaid Principal Balance	1,470		1,470		1,465
Average Recorded Investment	1,265	1,402	1,277	1,296
Interest Income Recognized	7	0	25	0
With an allowance:
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	0	0	0
Total:
Recorded Investment	1,219		1,219		1,212
Unpaid Principal Balance	1,470		1,470		1,465
Related Allowance	0		0		0
Average Recorded Investment	1,265	1,402	1,277	1,296
Interest Income Recognized	7	0	25	0
Consumer Portfolio Segment
With no allowance:
Recorded Investment	310		310		692
Unpaid Principal Balance	339		339		802
Average Recorded Investment	419	792	539	675
Interest Income Recognized	0	0	0	0
With an allowance:
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	0	0	0
Total:
Recorded Investment	310		310		692
Unpaid Principal Balance	339		339		802
Related Allowance	0		0		0
Average Recorded Investment	419	792	539	675
Interest Income Recognized	0	0	0	0
Consumer Portfolio Segment \| Loans To Individuals
With no allowance:
Recorded Investment	310		310		692
Unpaid Principal Balance	337		337		802
Average Recorded Investment	419	792	539	675
Interest Income Recognized	0	0	0	0
With an allowance:
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	0	0	0
Total:
Related Allowance	0		0		0
Consumer Portfolio Segment \| Other
With no allowance:
Recorded Investment	0		0		0
Unpaid Principal Balance	2		2		0
Average Recorded Investment	0	0	0
Interest Income Recognized	0	0	0	0
With an allowance:
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	$ 0	0	$ 0
Total:
Related Allowance	$ 0		$ 0		$ 0

Allowance for Loan Losses and_9

Allowance for Loan Losses and Credit Quality (Acquired Credit Impaired Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Outstanding balance	$ 32,228	$ 20,999
Carrying amount	1,455,684	1,216,028
Financial Asset Acquired with Credit Deterioration
Financing Receivable, Impaired [Line Items]
Outstanding balance	6,907	8,038
Carrying amount	$ 5,581	$ 6,257

Allowance for Loan Losses an_10

Allowance for Loan Losses and Credit Quality (Changes in Accretable Discount for Acquired Credit Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period	$ 426	$ 94	$ 657	$ 164
Acquisition of impaired loans	0	0	0	0
Accretion of discount	(112)	(23)	(343)	(93)
Balance at end of period	$ 314	$ 71	$ 314	$ 71

Allowance for Loan Losses an_11

Allowance for Loan Losses and Credit Quality (Consumer Mortgage Loans Secured by Residential Real Estate in Process of Foreclosure) (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Receivables [Abstract]
Number of loans \| loan	1	2
Recorded Investment \| $	$ 311	$ 382

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Income on bank-owned life insurance	$ 188	$ 149	$ 632	$ 437
Gain on sales of loans	3,396	1,351	6,987	3,556
Loan servicing fees	164	181	487	540
Gain on sales and calls of securities	79	16	97	16
Other income	421	119	740	414
Total non-interest income	4,736	2,206	10,292	6,242
Overdraft fees
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	32	100	157	272
Other
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	94	65	314	218
Interchange income
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	186	122	487	343
Other income - in scope
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	105	103	320	309
Gain on sale of OREO
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	$ 71	$ 0	$ 71	$ 137

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 19, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in Shares)	945,873
Number of shares available for grant (in Shares)	372,491
Compensation not yet recognized, stock options	$ 109
Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	58	$ 47
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	798	786
Compensation not yet recognized, other than options	$ 1,800
Granted (in Shares)	59,500
Weighted average grant date fair value, grants in period (in Dollars per share)	$ 14.45
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 130	$ 50
Compensation not yet recognized, other than options	$ 229
Granted (in Shares)	18,950
Weighted average grant date fair value, grants in period (in Dollars per share)	$ 21.92
Award vesting period	3 years
Award performance achieved percentage of target			138.00%

Share-Based Compensation (Sched

Share-Based Compensation (Schedule of Transactions under Stock Plans) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Number of Shares
Outstanding, beginning of period (in Shares)	122,151
Granted (in Shares)	27,000
Outstanding, end of period (in Shares)	148,396	122,151
Exercisable, end of period (in Shares)	114,996
Weighted Average Exercise Price
Outstanding, beginning of period (in Dollars per share)	$ 9.85
Granted (in Dollars per share)	17.53
Outstanding, end of period (in Dollars per share)	11.26	$ 9.85
Exercisable, end of period (in Dollars per share)	$ 9.30
Weighted Average Remaining Contractual Term (Years)
Outstanding, end of period	4 years 3 months 18 days	3 years 10 months 24 days
Granted	9 years 4 months 24 days
Exercisable, end of period	3 years
Aggregate Intrinsic Value
Outstanding, end of period	$ 440	$ 1,500
Exercisable, end of period	$ 440

Share-Based Compensation (Sch_2

Share-Based Compensation (Schedule of Fair Value and Weighted Average Assumptions) (Details) - $ / shares	Mar. 19, 2020	Jan. 06, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Fair value of options granted (in Dollars per share)	$ 2.09	$ 5.27
Risk-free rate of return	1.00%	1.72%
Expected option life in years	7 years	7 years
Expected volatility	24.63%	24.53%
Expected dividends	2.86%	1.35%

Share-Based Compensation (Sch_3

Share-Based Compensation (Schedule of Restricted Shares Activity) (Details) - Restricted Stock	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Number of Shares
Outstanding, beginning of period (in Shares) \| shares	134,359
Granted (in Shares) \| shares	59,500
Vested (in Shares) \| shares	(62,501)
Non-vested, end of period (in Shares) \| shares	131,358
Average Grant Date Fair Value (in dollars per share)
Outstanding, beginning of period (in Dollars per share) \| $ / shares	$ 13.84
Granted (in Dollars per share) \| $ / shares	14.45
Vested (in Dollars per share) \| $ / shares	17.31
Non-vested, end of period (in Dollars per share) \| $ / shares	$ 12.46

Share-Based Compensation (Sch_4

Share-Based Compensation (Schedule of Restricted Stock Units Activity) (Details) - Restricted Stock Units (RSUs)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Number of Shares
Outstanding, beginning of period (in Shares) \| shares	10,300
Granted (in Shares) \| shares	18,950
Vested (in Shares) \| shares	(3,433)
Non-vested, end of period (in Shares) \| shares	25,817
Average Grant Date Fair Value (in dollars per share)
Outstanding, beginning of period (in Dollars per share) \| $ / shares	$ 19.38
Granted (in Dollars per share) \| $ / shares	21.92
Vested (in Dollars per share) \| $ / shares	19.38
Non-vested, end of period (in Dollars per share) \| $ / shares	$ 21.24

Benefit Plans (Narrative) (Deta

Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Period of service	6 months
Cash surrender value of life insurance	$ 37.1	$ 36.7

Benefit Plans (Schedule of Comp

Benefit Plans (Schedule of Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Retirement Benefits [Abstract]
Service cost	$ 46	$ 48	$ 138	$ 142
Interest cost	42	40	124	122
Actuarial gain recognized	(51)	(44)	(151)	(132)
Net periodic benefit cost	$ 37	$ 44	$ 111	$ 132

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Before-Tax Amount	$ 2,327	$ 286
Income Tax Effect	(592)	(95)
Net-of-Tax Amount	1,735	191
Net unrealized holding gains on investment securities available for sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Before-Tax Amount	2,381	414
Income Tax Effect	(587)	(111)
Net-of-Tax Amount	1,794	303
Unrealized impairment loss on held to maturity security
Accumulated Other Comprehensive Income (Loss) [Line Items]
Before-Tax Amount	(478)	(492)
Income Tax Effect	114	118
Net-of-Tax Amount	(364)	(374)
Gains on unfunded pension liability
Accumulated Other Comprehensive Income (Loss) [Line Items]
Before-Tax Amount	424	364
Income Tax Effect	(119)	(102)
Net-of-Tax Amount	$ 305	$ 262

Other Comprehensive Income (L_4

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Changes in the Components of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Roll Forward]
Beginning balance	$ 177,484	$ 135,075	$ 170,578	$ 127,085
Other comprehensive income before reclassifications	382	190	1,638	2,111
Total other comprehensive income	361	150	1,544	2,012
Ending balance	182,007	138,527	182,007	138,527
Unrealized Holding Gains (Losses) on Available for Sale Securities
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Roll Forward]
Beginning balance	1,452	162	303	(1,679)
Other comprehensive income before reclassifications	332	152	1,489	1,993
Amounts reclassified from accumulated other comprehensive income	10	(12)	2	(12)
Total other comprehensive income	342	140	1,491	1,981
Ending balance	1,794	302	1,794	302
Unrealized Impairment Loss on Held to Maturity Security
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Roll Forward]
Beginning balance	(369)	(379)	(374)	(382)
Other comprehensive income before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	5	2	10	5
Total other comprehensive income	5	2	10	5
Ending balance	(364)	(377)	(364)	(377)
Unfunded Pension Liability
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Roll Forward]
Beginning balance	291	246	262	228
Other comprehensive income before reclassifications	50	38	149	118
Amounts reclassified from accumulated other comprehensive income	(36)	(30)	(106)	(92)
Total other comprehensive income	14	8	43	26
Ending balance	305	254	305	254
Unrealized Impairment Loss on Held to Maturity Security and Unfunded Pension Liability
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income	(31)	(28)	(96)	(87)
Accumulated Other Comprehensive Income (Loss)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Roll Forward]
Beginning balance	1,374	29	191	(1,833)
Total other comprehensive income	361	150	1,544	2,012
Ending balance	$ 1,735	$ 179	$ 1,735	$ 179

Fair Value Disclosures (Financi

Fair Value Disclosures (Financial Assets and Liabilities at Fair Value Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 135,123	$ 155,782
Interest rate lock derivative	673	159
Total	135,796	155,941
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock derivative	0	0
Total	9,311	11,151
Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock derivative	673	159
Total	126,485	144,790
Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate lock derivative	0	0
Total	0	0
U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,569	764
U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) and agencies \| Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) and agencies \| Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,569	764
U.S. Treasury securities and obligations of U.S. Government sponsored entities (“GSE”) and agencies \| Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Residential collateralized mortgage obligations - GSE
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	41,421	53,175
Residential collateralized mortgage obligations - GSE \| Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Residential collateralized mortgage obligations - GSE \| Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	41,421	53,175
Residential collateralized mortgage obligations - GSE \| Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Residential mortgage backed securities - GSE
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	15,082	18,387
Residential mortgage backed securities - GSE \| Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Residential mortgage backed securities - GSE \| Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	15,082	18,387
Residential mortgage backed securities - GSE \| Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Obligations of state and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	29,564	33,519
Obligations of state and political subdivisions \| Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Obligations of state and political subdivisions \| Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	29,564	33,519
Obligations of state and political subdivisions \| Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Trust preferred debt securities - single issuer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,388	1,442
Trust preferred debt securities - single issuer \| Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Trust preferred debt securities - single issuer \| Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,388	1,442
Trust preferred debt securities - single issuer \| Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	19,925	23,279
Corporate debt securities \| Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	9,311	11,151
Corporate debt securities \| Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	10,614	12,128
Corporate debt securities \| Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Other debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	24,174	25,216
Other debt securities \| Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Other debt securities \| Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	24,174	25,216
Other debt securities \| Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 0	$ 0

Fair Value Disclosures (Finan_2

Fair Value Disclosures (Financial Assets and Liabilities at Fair Value Measured on Non-recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 8,265	$ 7,092
Other real estate owned		93
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Other real estate owned		0
Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Other real estate owned		0
Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 8,265	7,092
Other real estate owned		$ 93

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) $ in Thousands	Sep. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, recorded investment	$ 28,024	$ 16,886
Related Allowance	$ 1,618	$ 69
Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of impaired loans \| loan	8	12
Impaired loans, recorded investment	$ 9,900	$ 7,200
Related Allowance	$ 1,600	$ 69

Fair Value Disclosures (Fair Va

Fair Value Disclosures (Fair Value Qualitative Information) (Details) $ in Thousands	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value Qualitative Information [Line Items]
Impaired loans	$ 8,265	$ 7,092
Other real estate owned		$ 93
Appraisal adjustments
Fair Value Qualitative Information [Line Items]
Other real estate owned, measurement input		0.470
Appraisal adjustments \| Minimum
Fair Value Qualitative Information [Line Items]
Loans and leases, measurement input	0	0.001
Appraisal adjustments \| Maximum
Fair Value Qualitative Information [Line Items]
Loans and leases, measurement input	0.285	0.404
Appraisal adjustments \| Weighted Average
Fair Value Qualitative Information [Line Items]
Loans and leases, measurement input	0.122	0.126
Other real estate owned, measurement input		0.470

Fair Value Disclosures (Estimat

Fair Value Disclosures (Estimated Fair Value of Financial Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 20,055	$ 14,842
Securities available for sale	135,123	155,782
Securities held to maturity	87,811	76,620
Securities held to maturity, fair value	90,735	78,223
Net loans	1,441,234	1,206,757
Interest rate lock derivative	673	159
Accrued interest receivable	5,689	4,945
Deposits	(1,511,033)	(1,277,362)
Accrued interest payable	(1,069)	(1,592)
Level 1 Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate lock derivative	0	0
Level 2 Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate lock derivative	673	159
Level 3 Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate lock derivative	0	0
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	20,055	14,842
Securities available for sale	135,123	155,782
Securities held to maturity	87,811	76,620
Loans held for sale	28,196	5,927
Net loans	1,441,234	1,206,757
SBA servicing asset	855	930
Interest rate lock derivative	673	159
Accrued interest receivable	5,689	4,945
FHLB stock	2,422	4,176
Deposits	(1,511,033)	(1,277,362)
Short-term borrowings	(105,867)	(92,050)
Redeemable subordinated debentures	(18,557)	(18,557)
Accrued interest payable	(1,069)	(1,592)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value	20,055	14,842
Securities available for sale	135,123	155,782
Securities held to maturity, fair value	90,735	78,223
Loans held for sale, fair value	29,099	6,093
Loans, net, fair value	1,498,557	1,243,088
SBA servicing asset	1,245	1,245
Interest rate lock derivative	673	159
Accrued interest receivable, fair value	5,689	4,945
FHLB stock	2,422	4,176
Deposits, fair value	(1,513,161)	(1,278,166)
Borrowings, fair value	(105,867)	(92,050)
Redeemable subordinated debentures	(10,877)	(12,837)
Accrued interest payable, fair value	(1,069)	(1,592)
Fair Value \| Level 1 Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value	20,055	14,842
Securities available for sale	9,311	11,151
Securities held to maturity, fair value	0	0
Loans held for sale, fair value	0	0
Loans, net, fair value	0	0
SBA servicing asset	0	0
Interest rate lock derivative	0	0
Accrued interest receivable, fair value	0	0
FHLB stock	0	0
Deposits, fair value	0	0
Borrowings, fair value	0	0
Redeemable subordinated debentures	0	0
Accrued interest payable, fair value	0	0
Fair Value \| Level 2 Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value	0	0
Securities available for sale	125,812	144,631
Securities held to maturity, fair value	90,735	78,223
Loans held for sale, fair value	29,099	6,093
Loans, net, fair value	0	0
SBA servicing asset	1,245	1,245
Interest rate lock derivative	673	159
Accrued interest receivable, fair value	5,689	4,945
FHLB stock	2,422	4,176
Deposits, fair value	(1,513,161)	(1,278,166)
Borrowings, fair value	(105,867)	(92,050)
Redeemable subordinated debentures	(10,877)	(12,837)
Accrued interest payable, fair value	(1,069)	(1,592)
Fair Value \| Level 3 Inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, fair value	0	0
Securities available for sale	0	0
Securities held to maturity, fair value	0	0
Loans held for sale, fair value	0	0
Loans, net, fair value	1,498,557	1,243,088
SBA servicing asset	0	0
Interest rate lock derivative	0	0
Accrued interest receivable, fair value	0	0
FHLB stock	0	0
Deposits, fair value	0	0
Borrowings, fair value	0	0
Redeemable subordinated debentures	0	0
Accrued interest payable, fair value	$ 0	$ 0

Leases (Narrative) (Details)

Leases (Narrative) (Details)	9 Months Ended	12 Months Ended
Leases (Narrative) (Details)	Sep. 30, 2020numberOfOptionlease	Dec. 31, 2019lease
Lessee, Lease, Description [Line Items]
Number of operating leases		37
Number of option to extend \| numberOfOption	1
Weighted average remaining lease term	14 years 9 months 18 days
Weighted average discount rate	3.34%
Building
Lessee, Lease, Description [Line Items]
Number of operating leases		23
Building, Branch Offices
Lessee, Lease, Description [Line Items]
Number of operating leases		19
Building, General Office Space
Lessee, Lease, Description [Line Items]
Number of operating leases		4
Land
Lessee, Lease, Description [Line Items]
Number of operating leases	4
Office Equipment
Lessee, Lease, Description [Line Items]
Number of operating leases		12
Office Equipment \| Minimum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	3 years
Office Equipment \| Maximum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	5 years
Automobiles
Lessee, Lease, Description [Line Items]
Number of operating leases	2
Automobiles \| Minimum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	3 years
Automobiles \| Maximum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	5 years

Leases (Components of Lease Exp

Leases (Components of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Operating lease cost:
Fixed rent expense and equipment expense	$ 1,338	$ 501	$ 2,005	$ 1,477
Variable rent expense	0	0	0	0
Short-term lease expense	23	3	35	7
Sublease income	0	0	0	0
Net lease cost	1,361	504	2,040	1,484
Occupancy, Net
Operating lease cost:
Net lease cost	1,245	438	1,859	1,295
Other Expense
Operating lease cost:
Net lease cost	$ 116	$ 66	$ 181	$ 189

Leases (Summary of Cash and Non

Leases (Summary of Cash and Non-Cash Items) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,896	$ 1,332
Additions to ROU assets obtained from:
Net lease cost	0	0
New operating lease liabilities	$ 250	$ 417

Leases (Future Payments Under O

Leases (Future Payments Under Operating Leases) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Operating Lease, After Adoption of 842
Due in less than one year	$ 2,071		$ 1,841
Due in one year but less than two years	2,059		1,796
Due in two years but less than three years	2,014		1,784
Due in three years but less than four years	1,882		1,767
Due in four years but less than five years	1,712		1,644
Thereafter	13,836		12,483
Total future payments	23,574		21,315
Less: Implied interest	(5,860)		(5,616)
Total lease liability	$ 17,714	$ 18,617	$ 15,699

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Short-term borrowings	$ 105,867	$ 92,050
Federal Home Loan Bank
Short-term Debt [Line Items]
Unused borrowing capacity	281,100
Correspondent Banks
Short-term Debt [Line Items]
Unused borrowing capacity	46,000
Maturity Overnight
Short-term Debt [Line Items]
Short-term borrowings	$ 105,900	$ 92,100
Average interest rates	0.35%	1.81%