Western New England Bancorp (WNEB) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-16767
Entity Registrant Name	Western New England Bancorp, Inc.
Entity Central Index Key	0001157647
Entity Tax Identification Number	73-1627673
Entity Incorporation, State or Country Code	MA
Entity Address, Address Line One	141 Elm Street
Entity Address, City or Town	Westfield
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01086
City Area Code	(413)
Local Phone Number	568-1911
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	WNEB
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		21,318,286

CONSOLIDATED BALANCE SHEETS - U

CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 23,236	$ 20,784
Federal funds sold	1,947	2,991
Interest-bearing deposits and other short-term investments	28,275	5,065
Total cash and cash equivalents	53,458	28,840
Securities available-for-sale, at fair value	135,089	137,115
Securities held-to-maturity, at amortized cost (Fair value of $177,475 at June 30, 2024 and $187,692 at December 31, 2023)	217,632	223,370
Marketable equity securities, at fair value	233	196
Total investment securities	352,954	360,681
Federal Home Loan Bank stock and other restricted stock, at amortized cost	7,143	3,707
Total Loans	2,026,226	2,027,317
Less: Allowance for Credit Losses	(19,444)	(20,267)
Net loans	2,006,782	2,007,050
Premises and equipment, net	24,738	25,575
Accrued interest receivable	8,737	8,528
Bank-owned life insurance	76,100	75,145
Deferred tax asset, net	14,292	13,636
Goodwill	12,487	12,487
Core deposit intangible	1,625	1,813
Other assets	27,754	27,109
TOTAL ASSETS	2,586,070	2,564,571
Deposits:
Non-interest-bearing deposits	553,329	579,594
Interest-bearing deposits	1,618,480	1,564,150
Total deposits	2,171,809	2,143,744
Borrowings:
Short-term borrowings	6,570	16,100
Long-term debt	128,277	120,646
Subordinated debt	19,731	19,712
Total borrowings	154,578	156,458
Other liabilities	23,206	26,960
TOTAL LIABILITIES	2,349,593	2,327,162
SHAREHOLDERS' EQUITY:
Preferred stock - $0.01 par value, 5,000,000 shares authorized, none outstanding at June 30, 2024 and December 31, 2023
Common stock - $0.01 par value, 75,000,000 shares authorized, 21,357,849 shares issued and outstanding at June 30, 2024; 21,666,807 shares issued and outstanding at December 31, 2023	214	217
Additional paid-in capital	123,417	125,448
Unearned compensation – Employee Stock Ownership Plan (“ESOP”)	(2,150)	(2,394)
Unearned compensation - Equity Incentive Plan	(1,836)	(1,111)
Retained earnings	140,469	136,993
Accumulated other comprehensive loss	(23,637)	(21,744)
TOTAL SHAREHOLDERS’ EQUITY	236,477	237,409
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,586,070	$ 2,564,571

CONSOLIDATED BALANCE SHEETS -_2

CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Held-to-maturity securities, fair value	$ 177,475	$ 187,692
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	21,357,849	21,666,807
Common stock, outstanding	21,357,849	21,666,807

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest and dividend income:
Residential and commercial real estate loans	$ 20,950	$ 19,103	$ 41,903	$ 37,355
Commercial and industrial loans	3,310	3,264	6,515	6,266
Consumer loans	80	83	163	158
Total interest income from loans	24,340	22,450	48,581	43,779
Investment securities, taxable	2,139	2,044	4,252	4,120
Investment securities, tax-exempt	1	2	2	4
Marketable equity securities	1	48	1	119
Total interest and dividend income from investment securities	2,141	2,094	4,255	4,243
Other investments	148	146	284	252
Short-term investments	173	119	286	173
Total interest income from cash and cash equivalents	321	265	570	425
Total interest and dividend income	26,802	24,809	53,406	48,447
Interest expense:
Deposits	10,335	6,069	19,628	10,172
Short-term borrowings	186	646	469	1,349
Long-term debt	1,557	995	2,985	1,069
Subordinated debt	254	253	508	507
Total interest expense	12,332	7,963	23,590	13,097
Net interest and dividend income	14,470	16,846	29,816	35,350
(Reversal of) provision for credit losses	(294)	420	(844)	32
Net interest and dividend income after (reversal of) provision for credit losses	14,764	16,426	30,660	35,318
Non-interest income:
Service charges and fees	2,341	2,241	4,560	4,428
Income from bank-owned life insurance	502	494	955	934
Net unrealized gain on marketable equity securities	4		12
Loss on sale of premises and equipment			(6)
Gain on non-marketable equity investments	987		987	352
Loss on defined benefit plan termination		(1,143)		(1,143)
Total non-interest income	3,834	1,592	6,508	4,571
Non-interest expense:
Salaries and employees benefits	7,901	8,089	16,145	16,520
Occupancy	1,218	1,203	2,581	2,551
Furniture and equipment	483	492	967	978
Data processing	846	792	1,708	1,545
Software	566	526	1,265	1,040
Debit card and ATM processing expense	643	528	1,195	1,018
Professional fees	581	803	1,150	1,560
FDIC insurance assessment	323	290	733	642
Advertising	339	339	688	756
Other expenses	1,414	1,489	2,664	2,837
Total non-interest expense	14,314	14,551	29,096	29,447
Income before income taxes	4,284	3,467	8,072	10,442
Income tax provision	771	704	1,598	2,375
Net income	$ 3,513	$ 2,763	$ 6,474	$ 8,067
Earnings per common share:
Basic earnings per share	$ 0.17	$ 0.13	$ 0.31	$ 0.37
Weighted average basic shares outstanding	21,056,173	21,634,683	21,118,571	21,666,713
Diluted earnings per share	$ 0.17	$ 0.13	$ 0.31	$ 0.37
Weighted average diluted shares outstanding	21,163,762	21,648,235	21,217,543	21,682,402
Dividends per share	$ 0.07	$ 0.07	$ 0.14	$ 0.14

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net income		$ 3,513	$ 2,763	$ 6,474	$ 8,067
Securities available-for-sale:
Unrealized (loss) gain		(13)	(1,631)	(2,549)	985
Tax effect		13	428	656	(247)
Net-of-tax amount			(1,203)	(1,893)	738
Defined benefit pension plan:
Gain arising during the period			358		358
Reclassification adjustment:
Defined benefit plan termination loss realized in income	[1]		1,143		1,143
Unrealized actuarial gain on defined benefit plan			1,501		1,501
Tax effect			(421)		(421)
Net-of-tax amount			1,080		1,080
Other comprehensive (loss) gain			(123)	(1,893)	1,818
Comprehensive income		$ 3,513	$ 2,640	$ 4,581	$ 9,885
[1]Realized losses on defined benefit plan termination are recognized as a component of non-interest income in the consolidated statements of net income. The tax effects associated with the reclassification adjustment were $321,000

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Income Statement [Abstract]
Tax effects associated with reclassification adjustment	$ 321	$ 321

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - UNAUDITED - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-in Capital [Member]	Unearned Compensation - ESOP [Member]	Deferred Compensation, Share-Based Payments [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2022		$ 222	$ 128,899	$ (2,906)	$ (1,012)	$ 127,982	$ (25,042)	$ 228,143
Beginning balance, shares at Dec. 31, 2022		22,216,789
Cumulative effect accounting adjustment	[1]					9		9
Net income						5,304		5,304
Comprehensive income (loss)							1,941	1,941
Common stock held by ESOP committed to be released			52	128				180
Share-based compensation - equity incentive plan					529			529
Forfeited equity incentive plan shares reissued in connection with 2020 LTI performance share grant (19,761 shares)			180		(180)
Repurchase of common stock		$ (1)	(1,350)					(1,351)
Repurchase of common stock, shares		(143,896)
Issuance of common stock in connection with equity incentive plan		$ 1	1,348		(1,349)
Issuance of common stock in connection with equity incentive plan, shares		136,454
Forfeited equity incentive plan shares reissued in connection with 2023 LTI grant (2,742 shares)			27		(27)
Cash dividends declared and paid on common stock ($0.07 per share)						(1,533)		(1,533)
Ending balance, value at Mar. 31, 2023		$ 222	129,156	(2,778)	(2,039)	131,762	(23,101)	233,222
Ending balance, shares at Mar. 31, 2023		22,209,347
Beginning balance, value at Dec. 31, 2022		$ 222	128,899	(2,906)	(1,012)	127,982	(25,042)	228,143
Beginning balance, shares at Dec. 31, 2022		22,216,789
Net income								8,067
Comprehensive income (loss)								1,818
Ending balance, value at Jun. 30, 2023		$ 221	128,393	(2,650)	(1,739)	132,997	(23,224)	233,998
Ending balance, shares at Jun. 30, 2023		22,082,403
Beginning balance, value at Mar. 31, 2023		$ 222	129,156	(2,778)	(2,039)	131,762	(23,101)	233,222
Beginning balance, shares at Mar. 31, 2023		22,209,347
Net income						2,763		2,763
Comprehensive income (loss)							(123)	(123)
Common stock held by ESOP committed to be released			22	128				150
Share-based compensation - equity incentive plan					300			300
Repurchase of common stock		$ (1)	(785)					(786)
Repurchase of common stock, shares		(126,944)
Cash dividends declared and paid on common stock ($0.07 per share)						(1,528)		(1,528)
Ending balance, value at Jun. 30, 2023		$ 221	128,393	(2,650)	(1,739)	132,997	(23,224)	233,998
Ending balance, shares at Jun. 30, 2023		22,082,403
Beginning balance, value at Dec. 31, 2023		$ 217	125,448	(2,394)	(1,111)	136,993	(21,744)	237,409
Beginning balance, shares at Dec. 31, 2023		21,666,807
Net income						2,961		2,961
Comprehensive income (loss)							(1,893)	(1,893)
Common stock held by ESOP committed to be released			30	122				152
Share-based compensation - equity incentive plan					505			505
Forfeited equity incentive plan shares reissued in connection with 2021 LTI performance share grant (4,219 shares)			35		(35)
Repurchase of common stock		$ (3)	(1,831)					(1,834)
Repurchase of common stock, shares		(221,947)
Issuance of common stock in connection with equity incentive plan		$ 2	1,531		(1,533)
Issuance of common stock in connection with equity incentive plan, shares		182,830
Cash dividends declared and paid on common stock ($0.07 per share)						(1,504)		(1,504)
Ending balance, value at Mar. 31, 2024		$ 216	125,213	(2,272)	(2,174)	138,450	(23,637)	235,796
Ending balance, shares at Mar. 31, 2024		21,627,690
Beginning balance, value at Dec. 31, 2023		$ 217	125,448	(2,394)	(1,111)	136,993	(21,744)	237,409
Beginning balance, shares at Dec. 31, 2023		21,666,807
Net income								6,474
Comprehensive income (loss)								(1,893)
Ending balance, value at Jun. 30, 2024		$ 214	123,417	(2,150)	(1,836)	140,469	(23,637)	236,477
Ending balance, shares at Jun. 30, 2024		21,357,849
Beginning balance, value at Mar. 31, 2024		$ 216	125,213	(2,272)	(2,174)	138,450	(23,637)	235,796
Beginning balance, shares at Mar. 31, 2024		21,627,690
Net income						3,513		3,513
Comprehensive income (loss)
Common stock held by ESOP committed to be released			9	122				131
Share-based compensation - equity incentive plan					318			318
Repurchase of common stock		$ (2)	(1,785)					(1,787)
Repurchase of common stock, shares		(269,841)
Forfeited equity incentive plan shares (2,384 shares)			(20)		20
Cash dividends declared and paid on common stock ($0.07 per share)						(1,494)		(1,494)
Ending balance, value at Jun. 30, 2024		$ 214	$ 123,417	$ (2,150)	$ (1,836)	$ 140,469	$ (23,637)	$ 236,477
Ending balance, shares at Jun. 30, 2024		21,357,849
[1]Represents gross transition adjustment amount of $13,000 $4,000 Financial Instruments-Credit Losses on Financial Instruments

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Common stock held by ESOP committed to be released (shares)	71,240	71,240	74,993	74,993
Forfeited equity incentive plan shares reissued in connection with 2021 LTI performance share grant, shares		4,219
Forfeited equity incentive plan shares (in shares)	2,384
Forfeited equity incentive plan shares reissued in connection with 2020 LTI performance share grant, shares				19,761
Forfeited equity incentive plan shares reissued in connection with 2023 LTI grant, shares				2,742
Cash dividends declared and paid on common stock (per share)	$ 0.07	$ 0.07	$ 0.07	$ 0.07
Accounting Standards Update 2016-13 [Member]
Cumulative effect accounting adjustment, before tax				$ 13
Cumulative effect accounting adjustment, tax				$ 4

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 6,474	$ 8,067
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
(Reversal of) provision for credit losses	(844)	32
Depreciation and amortization of premises and equipment	1,110	1,110
(Accretion) amortization of purchase accounting adjustments, net	(51)	77
Amortization of core deposit intangible	188	188
Net amortization of premiums and discounts on securities and mortgage loans	585	661
Net amortization of deferred costs on mortgage loans	219	232
Net amortization of premiums on subordinated debt	19	19
Share-based compensation expense	823	829
ESOP expense	283	330
Net change in unrealized gains on marketable equity securities	(12)
Loss on disposal of premises and equipment, net	6
Income from bank-owned life insurance	(955)	(934)
Net change in:
Accrued interest receivable	(209)	328
Other assets	(936)	(3,549)
Other liabilities	(3,565)	(9,124)
Net cash provided by (used in) operating activities	3,135	(1,734)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of securities held-to-maturity	(1,100)
Proceeds from calls, maturities, and principal collections of securities held-to-maturity	6,633	7,055
Purchases of securities available-for-sale	(9,367)
Proceeds from calls, maturities, and principal collections of securities available-for-sale	8,446	6,069
Proceeds from redemption and sales of marketable equity securities		6,237
Loan originations and principal payments, net	957	(24,800)
(Purchase) redemption of Federal Home Loan Bank of Boston stock	(3,436)	126
Purchases of premises and equipment	(311)	(797)
Proceeds from sale of premises & equipment	12	18
Net cash provided by (used in) investing activities	1,834	(6,092)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	28,065	(71,469)
Net change in short-term borrowings	(9,530)	(34,160)
Repayment of long-term debt	(90,369)
Proceeds from issuance of long-term debt	98,000	120,000
Cash dividends paid	(2,998)	(3,061)
Repurchase of common stock	(3,519)	(2,137)
Net cash provided by financing activities	19,649	9,173
NET CHANGE IN CASH AND CASH EQUIVALENTS:	24,618	1,347
Beginning of period	28,840	30,342
End of period	53,458	31,689
Supplemental cash flow information:
Net change in cash due to broker for common stock repurchased	102
Interest paid	25,877	12,311
Taxes paid	$ 2,282	$ 4,770

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ 3,513	$ 2,961	$ 2,763	$ 5,304	$ 6,474	$ 8,067

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Basis of Presentation The Bank operates 25 Wholly-owned Subsidiaries Principles of Consolidation Estimates Basis of Presentation These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2023, included in our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Annual Report”). Reclassifications

EARNINGS PER SHARE (_EPS_)

EARNINGS PER SHARE (“EPS”)	6 Months Ended
	Jun. 30, 2024
Earnings per common share:
EARNINGS PER SHARE (“EPS”)	2. EARNINGS PER SHARE (“EPS”) Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. If rights to dividends on unvested awards are non-forfeitable, these unvested awards are considered outstanding in the computation of basic earnings per share. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by us relate to stock options and certain performance-based restricted stock awards and are determined using the treasury stock method. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no anti-dilutive shares outstanding during the three and six months ended June 30, 2024 and 2023, respectively. Earnings per common share for the three and six months ended June 30, 2024 and 2023 have been computed based on the following: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (Dollars in thousands, except per share data) Net income applicable to common stock $ 3,513 $ 2,763 $ 6,474 $ 8,067 Average number of common shares issued 21,516 22,148 21,578 22,184 Less: Average unallocated ESOP Shares (274 ) (348 ) (282 ) (357 ) Less: Average unvested performance-based equity incentive plan shares (186 ) (166 ) (177 ) (160 ) Average number of common shares outstanding used to calculate basic earnings per common share 21,056 21,634 21,119 21,667 Effect of dilutive performance-based equity incentive plan 108 14 99 15 Average number of common shares outstanding used to calculate diluted earnings per common share 21,164 21,648 21,218 21,682 Net income per common share: Basic earnings per common share $ 0.17 $ 0.13 $ 0.31 $ 0.37 Diluted earnings per common share $ 0.17 $ 0.13 $ 0.31 $ 0.37

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
COMPREHENSIVE INCOME (LOSS)	3. COMPREHENSIVE INCOME (LOSS) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income (loss). The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: June 30, 2024 December 31, 2023 (Dollars in thousands) Net unrealized losses on securities available-for-sale $ (31,715 ) $ (29,166 ) Tax effect 8,078 7,422 Net-of-tax amount (23,637 ) (21,744 ) Accumulated other comprehensive loss $ (23,637 ) $ (21,744 )

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	4. INVESTMENT SECURITIES The following tables summarize the amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2024 and December 31, 2023 June 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Securities available-for-sale: Debt securities: Government-sponsored enterprise obligations $ 14,929 $ — $ (3,131 ) $ 11,798 State and municipal bonds 135 — — 135 Corporate bonds 5,000 — (683 ) 4,317 Total debt securities 20,064 — (3,814 ) 16,250 Mortgage-backed securities: Government-sponsored mortgage-backed securities 140,359 — (26,530 ) 113,829 U.S. government guaranteed mortgage-backed securities 6,381 — (1,371 ) 5,010 Total mortgage-backed securities 146,740 — (27,901 ) 118,839 Total securities available-for-sale 166,804 — (31,715 ) 135,089 Securities held-to-maturity: Debt securities: U.S. Treasury securities 9,999 — (466 ) 9,533 U.S. government guaranteed obligations 1,088 5 — 1,093 Total debt securities 11,087 5 (466 ) 10,626 Mortgage-backed securities: Government-sponsored mortgage-backed securities 206,545 14 (39,710 ) 166,849 Total mortgage-backed securities 206,545 14 (39,710 ) 166,849 Total securities held-to-maturity 217,632 19 (40,176 ) 177,475 Total $ 384,436 $ 19 $ (71,891 ) $ 312,564 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Securities available-for-sale: Debt securities: Government-sponsored enterprise obligations $ 14,924 $ — $ (2,898 ) $ 12,026 State and municipal bonds 135 — — 135 Corporate bonds 8,000 — (1,038 ) 6,962 Total debt securities 23,059 — (3,936 ) 19,123 Mortgage-backed securities: Government-sponsored mortgage-backed securities 136,533 — (23,976 ) 112,557 U.S. government guaranteed mortgage-backed securities 6,689 — (1,254 ) 5,435 Total mortgage-backed securities 143,222 — (25,230 ) 117,992 Total securities available-for-sale 166,281 — (29,166 ) 137,115 Securities held-to-maturity: Debt securities: U.S. Treasury securities 9,995 — (545 ) 9,450 Total debt securities 9,995 — (545 ) 9,450 Mortgage-backed securities: Government-sponsored mortgage-backed securities 213,375 107 (35,240 ) 178,242 Total mortgage-backed securities 213,375 107 (35,240 ) 178,242 Total securities held-to-maturity 223,370 107 (35,785 ) 187,692 Total $ 389,651 $ 107 $ (64,951 ) $ 324,807 The following table summarizes the unrealized gains recognized on marketable equity securities for the periods indicated: Six Months Ended June 30, 2024 2023 (Dollars in thousands) Net gains recognized during the period on marketable equity securities $ 12 $ — Unrealized gains recognized during the period on marketable equity securities still held at end of period $ 12 $ — The corporate bonds are investments in subordinated debt of two federally-insured banks, the majority of which is callable after five years of origination. The Company reviewed the financial strength of these bonds and concluded that the amortized cost remains supported by the expected future cash flows and there were no credit impairments on the bonds at June 30, 2024. All securities are performing at June 30, 2024. At June 30, 2024, U.S. Treasury securities with a fair value of $ 9.5 11.7 161.0 The amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2024, by final maturity, are shown below. Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (Dollars in thousands) Debt securities: Due in one year or less $ 135 $ 135 $ 4,997 $ 4,915 Due after one year through five years — — 5,002 4,618 Due after five years through ten years 19,929 16,115 — — Due after ten years — — 1,088 1,093 Total debt securities 20,064 16,250 11,087 10,626 Mortgage-backed securities: Due after one year through five years 923 881 — — Due after five years through ten years 797 724 — — Due after ten years 145,020 117,234 206,545 166,849 Total mortgage-backed securities 146,740 118,839 206,545 166,849 Total securities $ 166,804 $ 135,089 $ 217,632 $ 177,475 There were no sales of securities available-for-sale for the three and six months ended June 30, 2024 and 2023. Allowance for Credit Losses – Securities Available-for-Sale The Company measures expected credit losses on debt securities available-for-sale based upon the gain or loss position of the security. For debt securities available-for-sale in an unrealized loss position which the Company does not intend to sell, and it is not more likely than not that the Company will be required to sell the security before recovery of the Company’s amortized cost, the Company evaluates qualitative criteria to determine any expected loss. This includes among other items the financial health of, and specific prospects for the issuer, including whether the issuer is in compliance with the terms and covenants of the security. The Company also evaluates quantitative criteria including determining whether there has been an adverse change in expected future cash flows of the security. Securities available-for-sale which are guaranteed by government agencies do not currently have an allowance for credit loss as the Company determined these securities are either backed by the full faith and credit of the U.S. government and/or there is an unconditional commitment to make interest payments and to return the principal investment in full to investors when a debt security reaches maturity. In assessing the Company’s investments in government-sponsored and U.S. government guaranteed mortgage-backed securities and government-sponsored enterprise obligations, the contractual cash flows of these investments are guaranteed by the respective government-sponsored enterprise; Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”), Federal Farm Credit Bank (“FFCB”), or Federal Home Loan Bank (“FHLB”). Accordingly, it is expected that the securities would not be settled at a price less than the par value of the Company’s investments. The Company will evaluate this position no less than annually, however, certain items which may cause the Company to change this methodology include legislative changes that remove a government-sponsored enterprise’s ability to draw funds from the U.S. government, or legislative changes to housing policy that reduce or eliminate the U.S. government’s implicit guarantee on such securities. Accrued interest receivable on securities available-for-sale guaranteed by government agencies totaled $ 363,000 333,000 124,000 178,000 At June 30, 2024, there was one available-for-sale corporate bond that was rated below investment grade by one or more ratings agencies, while at December 31, 2023, there were two available-for-sale corporate bonds that were rated below investment grade by one or more ratings agencies. At June 30, 2024, the Company reviewed the financial strength of the one available-for-sale corporate bond below investment grade and concluded that the amortized cost remains supported by the expected future cash flows of the security. Allowance for Credit Losses – Securities Held-to-Maturity The Company measures expected credit losses on debt securities held-to-maturity on a collective basis by security type and risk rating where available. The reserve for each pool is calculated based on a Probability of Default/Loss Given Default basis taking into consideration the expected life of each security. Held-to-maturity securities which are issued by the United States Treasury or are guaranteed by government agencies do not currently have an allowance for credit loss as the Company determined these securities are either backed by the full faith and credit of the U.S. government and/or there is an unconditional commitment to make interest payments and to return the principal investment in full to investors when a debt security reaches maturity. In assessing the Company’s investments in government-sponsored and U.S. government guaranteed mortgage-backed securities and government-sponsored enterprise obligations, the contractual cash flows of these investments are guaranteed by the respective government-sponsored enterprise; FHLMC, FNMA, FFCB, or FHLB. Accordingly, it is expected that the securities would not be settled at a price less than the par value of the Company’s investments. The Company will evaluate this position no less than annually, however, certain items which may cause the Company to change this methodology include legislative changes that remove a government-sponsored enterprise’s ability to draw funds from the U.S. government, or legislative changes to housing policy that reduce or eliminate the U.S. government’s implicit guarantee on such securities. Any expected credit losses on securities held-to-maturity would be presented as an allowance for credit loss. Accrued interest receivable on securities held-to-maturity totaled $ 450,000 454,000 At June 30, 2024 and December 31, 2023, management attributed the unrealized losses to increases in current market yields compared to the yields at the time the investments were purchased by the Company and not due to credit quality. The following tables summarize the gross unrealized losses and fair value of the Company’s securities available-for-sale and held-to-maturity June 30, 2024 Less Than Twelve Months Over Twelve Months Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) (Dollars in thousands) Securities available-for-sale: Government-sponsored mortgage-backed securities 2 $ 8,953 $ 85 0.9 % 70 $ 104,876 $ 26,445 20.1 % U.S. government guaranteed mortgage-backed securities — — — — 9 5,010 1,371 21.5 Government-sponsored enterprise obligations — — — — 3 11,798 3,131 21.0 Corporate bonds — — — — 2 4,317 683 13.7 Total securities available-for-sale 2 8,953 85 84 126,001 31,630 Securities held-to-maturity: U.S. Treasury securities — — — — % 2 9,533 466 4.7 % Government-sponsored mortgage-backed securities 4 10,287 115 1.1 37 154,911 39,595 20.4 Total securities held-to-maturity 4 10,287 115 39 164,444 40,061 Total securities 6 $ 19,240 $ 200 123 $ 290,445 $ 71,691 December 31, 2023 Less Than Twelve Months Over Twelve Months Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) (Dollars in thousands) Securities available-for-sale: Government-sponsored mortgage-backed securities — $ — $ — — % 70 $ 112,557 $ 23,976 17.6 % U.S. government guaranteed mortgage-backed securities — — — — 9 5,435 1,254 18.7 Government-sponsored enterprise obligations — — — — 3 12,026 2,898 19.4 Corporate bonds — — — — 3 6,962 1,038 13.0 Total securities available-for-sale — — — 85 136,980 29,166 Securities held-to-maturity: U.S. Treasury securities — — — — % 2 9,450 545 5.5 % Government-sponsored mortgage-backed securities 4 7,097 56 0.8 36 164,395 35,184 17.6 Total securities held-to-maturity 4 7,097 56 38 173,845 35,729 Total securities 4 $ 7,097 $ 56 123 $ 310,825 $ 64,895 The Company expects to recover its amortized cost basis on all securities in its available-for-sale and held-to-maturity portfolios. Furthermore, the Company does not intend to sell, nor does it anticipate that it will be required to sell any of its securities in an unrealized loss position as of June 30, 2024, prior to this anticipated recovery. The decline in fair value on its available-for-sale and held-to-maturity portfolios is largely due to changes in interest rates and other market conditions and not due to credit quality issues. The issuers continue to make timely principal and interest payments on the securities and the fair value is expected to recover as the securities approach maturity. The Company’s ability and intent to hold these securities until recovery is supported by the Company’s strong capital and liquidity positions as well as its historically low portfolio turnover. The following description provides the number of investment positions in an unrealized loss position: At June 30, 2024, the Company reported unrealized losses on the securities available-for-sale portfolio of $31.7 19.0% $29.2 17.5% 86 85 At June 30, 2024, the Company reported unrealized losses on the securities held-to-maturity portfolio of $40.2 18.5% $35.7 16.0% 43 42

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES	5. LOANS AND ALLOWANCE FOR CREDIT LOSSES The following table presents the summary of the loan portfolio by the major classification of the loan at the periods indicated: June 30, December 31, 2024 2023 (Dollars in thousands) Commercial real estate: Non-owner occupied $ 864,603 $ 881,643 Owner-occupied 191,936 198,108 Total commercial real estate 1,056,539 1,079,751 Residential real estate: Residential one-to-four family 631,997 612,315 Home equity 113,970 109,839 Total residential real estate 745,967 722,154 Commercial and industrial 216,300 217,447 Consumer 4,715 5,472 Total gross loans 2,023,521 2,024,824 Plus: Unearned premiums and deferred loan fees and costs, net 2,705 2,493 Less: Allowance for credit losses (19,444 ) (20,267 ) Net loans $ 2,006,782 $ 2,007,050 Lending activities primarily consist of commercial real estate loans, commercial and industrial loans, residential real estate loans, and to a lesser degree, consumer loans. Loans Pledged as Collateral. The carrying value of loans pledged to secure advances from the FHLB were $ 944.8 941.2 128.3 40.6 The carrying value of loans pledged to secure advances from the Federal Reserve Bank (“FRB”) were $ 412.9 Loans Serviced for Others. The Company has transferred a portion of its originated commercial loans to participating lenders. The amounts transferred have been accounted for as sales and are therefore not included in our accompanying consolidated balance sheets. We continue to service the loans on behalf of the participating lenders. We share with participating lenders, on a pro-rata basis, any gains or losses that may result from a borrower’s lack of compliance with contractual terms of the loan. At June 30, 2024 and December 31, 2023, the Company was servicing commercial loans participated out to various other institutions totaling $ 58.8 65.0 Residential real estate mortgages are originated by the Company both for its portfolio and for sale into the secondary market. The Company may sell its loans to institutional investors such as the FHLMC. Under loan sale and servicing agreements with the investor, the Company generally continues to service the residential real estate mortgages. The Company pays the investor an agreed upon rate on the loan, which is less than the interest rate received from the borrower. The Company retains the difference as a fee for servicing the residential real estate mortgages. The Company capitalizes mortgage servicing rights at their fair value upon sale of the related loans, amortizes the asset over the estimated life of the serviced loan, and periodically assesses the asset for impairment. The significant assumptions used by a third party to estimate the fair value of capitalized servicing rights at June 30, 2024, include weighted average prepayment speed for the portfolio using the Public Securities Association Standard Prepayment Model ( 104 10.01 0.25 83.18 At June 30, 2024 and December 31, 2023, the Company was servicing residential mortgage loans owned by investors totaling $ 70 72.7 88,000 97,000 A summary of the activity in the balances of mortgage servicing rights follows: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (Dollars in thousands) Balance at the beginning of period: $ 400 $ 515 $ 422 $ 550 Amortization (23 ) (35 ) (45 ) (70 ) Balance at the end of period $ 377 $ 480 $ 377 $ 480 Fair value at the end of period $ 689 $ 759 $ 689 $ 759 Loans are recorded at the principal amount outstanding, adjusted for charge-offs, unearned premiums and deferred loan fees and costs. Interest on loans is calculated using the effective yield method on daily balances of the principal amount outstanding and is credited to income on the accrual basis to the extent it is deemed collectable. Our general policy is to discontinue the accrual of interest when principal or interest payments are delinquent 90 days or more based on the contractual terms of the loan, or earlier if there are concerns regarding the collectability of the loan. Any unpaid amounts previously accrued on these loans are reversed from income. Subsequent cash receipts are applied to the outstanding principal balance or to interest income if, in the judgment of management, collection of the principal balance is not in question. Loans are returned to accrual status when they become current as to both principal and interest and perform in accordance with contractual terms for a period of at least six months, reducing the concern as to the collectability of principal and interest. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income over the estimated average lives of the related loans. Allowance for Credit Losses. The allowance for credit losses is an estimate of expected losses inherent within the Company’s existing loans held for investment portfolio. The allowance for credit losses for loans held for investment, as reported in our consolidated balance sheet, is adjusted by a credit loss expense, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries. Accrued interest receivable on loans held for investment was $ 7.7 7.5 The loan loss estimation process involves procedures to appropriately consider the unique characteristics of loan portfolio segments, which consist of commercial real estate loans, residential real estate loans, commercial and industrial loans, and consumer loans. These segments are further disaggregated into loan classes, the level at which credit risk is monitored. For each of these pools, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, time to recovery, probability of default, and loss given default. The modeling of expected prepayment speeds, curtailment rates, and time to recovery are based on historical internal data. The quantitative component of the ACL on loans is model-based and utilizes a forward-looking macroeconomic forecast. The Company uses a discounted cash flow method, incorporating probability of default and loss given default forecasted based on statistically derived economic variable loss drivers, to estimate expected credit losses. This process includes estimates which involve modeling loss projections attributable to existing loan balances, and considering historical experience, current conditions, and future expectations for pools of loans over a reasonable and supportable forecast period. The historical information either experienced by the Company or by a selection of peer banks, when appropriate, is derived from a combination of recessionary and non-recessionary performance periods for which data is available. Commercial real estate loans Residential real estate loans 97 90 85 80 85 Commercial and industrial loans Consumer loans Discounted Cash Flow Method (“DCF”) In estimating the component of the allowance for credit losses for loans that share similar risk characteristics with other loans, such loans are segregated into loan classes. Loans are designated into loan classes based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the allowance for credit losses, we derive an estimated credit loss assumption from a model that categorizes loan pools based on loan type and purpose. This model calculates an expected loss percentage for each loan class by considering the probability of default, using life-of-loan analysis periods for all loan segments, and the historical severity of loss, based on the aggregate net lifetime losses incurred per loan class. The default and severity factors used to calculate the allowance for credit losses for loans that share similar risk characteristics with other loans are adjusted for differences between the historical period used to calculate historical default and loss severity rates and expected conditions over the remaining lives of the loans in the portfolio related to: (1) lending policies and procedures; (2) international, national, regional and local economic business conditions and developments that affect the collectability of the portfolio; (3) the nature and volume of the loan portfolio including the terms of the loans; (4) the experience, ability, and depth of the lending management and other relevant staff; (5) the volume and severity of past due and adversely classified loans and the volume of nonaccrual loans; (6) the quality of our loan review system and (7) the value of underlying collateral for collateralized loans. Additional factors include the existence and effect of any concentrations of credit, and changes in the level of such concentrations and the effect of external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the existing portfolio. Such factors are used to adjust the historical probabilities of default and severity of loss so that they reflect management expectation of future conditions based on a reasonable and supportable forecast. The Company uses regression analysis of historical internal and peer data to determine which variables are best suited to be economic variables utilized when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the economic variables. For all DCF models, management has determined that four quarters represents a reasonable and supportable forecast period and reverts back to a historical loss rate over four quarters on a straight-line basis. Other internal and external indicators of economic forecasts are also considered by management when developing the forecast metrics. Individually evaluated financial assets For a loan that does not share risk characteristics with other loans, expected credit loss is measured based on net realizable value, that is, the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the amortized cost basis of the loan. For these loans, we recognize expected credit loss equal to the amount by which the net realizable value of the loan is less than the amortized cost basis of the loan (which is net of previous charge-offs and deferred loan fees and costs), except when the loan is collateral dependent, that is, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In these cases, expected credit loss is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral. The fair value of the collateral is adjusted for the estimated cost to sell if repayment or satisfaction of a loan is dependent on the sale (rather than only on the operation) of the collateral. Allowance for credit losses on off-balance sheet credit exposures, including unfunded loan commitments The Company maintains a separate allowance for credit losses from off-balance-sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the balance sheet. Management estimates the amount of expected losses by calculating a commitment usage factor over the contractual period for exposures that are not unconditionally cancellable by the Company and applying the loss factors used in the ACL methodology to the results of the usage calculation to estimate the liability for credit losses related to unfunded commitments for each loan type. No credit loss estimate is reported for outstanding off-balance-sheet credit exposures that are unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted as credit loss expense. Categories of off-balance sheet credit exposures correspond to the loan portfolio segments described above. Management evaluates the need for a reserve on unfunded loan commitments in a manner consistent with loans held for investment. An analysis of changes in the allowance for credit losses by segment for the three and six months ended June 30, 2024 and June 30, 2023 is as follows: Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Balance at March 31, 2024 $ 14,771 $ 2,481 $ 2,508 $ 124 $ — $ 19,884 Provision for (reversal of) credit losses (440 ) (38 ) 28 20 — (430 ) Charge-offs — — — (50 ) — (50 ) Recoveries — 1 16 23 — 40 Balance at June 30, 2024 $ 14,331 $ 2,444 $ 2,552 $ 117 $ — $ 19,444 Balance at March 31, 2023 $ 15,425 $ 1,877 $ 1,676 $ 53 $ — $ 19,031 Provision for (reversal of) credit losses 327 456 (207 ) 15 — 591 Charge-offs — — — (36 ) — (36 ) Recoveries — 23 18 20 — 61 Balance at June 30, 2023 $ 15,752 $ 2,356 $ 1,487 $ 52 $ — $ 19,647 Allowance for credit losses for off-balance sheet exposures Balance at March 31, 2024 $ 264 $ 184 $ 49 $ — $ — $ 497 Provision for (reversal of) credit losses 97 41 (2 ) — — 136 Balance at June 30, 2024 $ 361 $ 225 $ 47 $ — $ — $ 633 Balance at March 31, 2023 $ 518 $ 205 $ 39 $ — $ — $ 762 Reversal of credit losses (123 ) (42 ) (6 ) — — (171 ) Balance at June 30, 2023 $ 395 $ 163 $ 33 $ — $ — $ 591 Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Balance at December 31, 2023 $ 15,141 $ 2,548 $ 2,537 $ 41 $ — $ 20,267 Provision for (reversal of) for credit losses (838 ) (109 ) (66 ) 133 — (880 ) Charge-offs — (7 ) (1 ) (109 ) — (117 ) Recoveries 28 12 82 52 — 174 Balance at June 30, 2024 $ 14,331 $ 2,444 $ 2,552 $ 117 $ — $ 19,444 Balance at December 31, 2022 $ 12,199 $ 4,312 $ 3,160 $ 245 $ 15 $ 19,931 Cumulative effect change in accounting principle 3,989 (2,518 ) (75 ) (199 ) (15 ) 1,182 Adjusted beginning balance 16,188 1,794 3,085 46 — 21,113 Provision (reversal) for credit losses (22 ) 539 (204 ) 46 — 359 Charge-offs (414 ) — (1,413 ) (71 ) — (1,898 ) Recoveries — 23 19 31 73 Balance at June 30, 2023 $ 15,752 $ 2,356 $ 1,487 $ 52 $ — $ 19,647 Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Allowance for credit losses for off-balance sheet exposures Balance at December 31, 2023 $ 375 $ 163 $ 59 $ — $ — $ 597 Provision (reversal) for credit losses (14 ) 62 (12 ) — — 36 Balance at June 30, 2024 $ 361 $ 225 $ 47 $ — $ — $ 633 Balance at December 31, 2022 $ — $ — $ — $ — $ — $ — Cumulative effect of change in accounting principle 611 267 40 — — 918 Reversal of credit losses (216 ) (104 ) (7 ) — — (327 ) Balance at June 30, 2023 $ 395 $ 163 $ 33 $ — $ — $ 591 The reversal of credit losses of $ 430,000 136,000 11.9 7.9 161.8 149.9 591,000 171,000 16.6 The reversal of credit losses of $ 880,000 36,000 359,000 327,000 29.5 The provision for or reversal of credit losses was determined by a number of factors: the continued strong credit performance of the Company’s loan portfolio, changes in the loan portfolio mix and management’s consideration of existing economic conditions and the economic outlook from the Federal Reserve’s actions to control inflation. Management continues to monitor macroeconomic variables related to increasing interest rates, inflation and the concerns of an economic downturn, and believes it is appropriately reserved for the current economic environment and supportable forecast period. Past Due and Nonaccrual Loans. The following tables present an age analysis of past due loans as of the dates indicated: 30 – 59 60 – 89 90 Days Total Past Due Total Current Total Loans Nonaccrual (Dollars in thousands) June 30, 2024 Commercial real estate: Non-owner occupied $ — $ — $ 646 $ 646 $ 863,957 $ 864,603 $ 840 Owner-occupied 267 22 149 438 191,498 191,936 171 Total: 267 22 795 1,084 1,055,455 1,056,539 1,011 Residential real estate: Residential one-to-four family 2,224 394 1,129 3,747 628,250 631,997 4,291 Home equity 122 70 348 540 113,430 113,970 347 Total: 2,346 464 1,477 4,287 741,680 745,967 4,638 Commercial and industrial — 164 8 172 216,128 216,300 189 Consumer 6 1 — 7 4,708 4,715 7 Total loans $ 2,619 $ 651 $ 2,280 $ 5,550 $ 2,017,971 $ 2,023,521 $ 5,845 30 – 59 60 – 89 90 Days Total Past Due Total Current Total Loans Nonaccrual (Dollars in thousands) December 31, 2023 Commercial real estate: Non-owner occupied $ — $ 647 $ 236 $ 883 $ 880,760 $ 881,643 $ 1,107 Owner-occupied 272 — 167 439 197,669 198,108 240 Total: 272 647 403 1,322 1,078,429 1,079,751 1,347 Residential real estate: Residential one-to-four family 2,354 934 881 4,169 608,146 612,315 4,739 Home equity 263 112 102 477 109,362 109,839 109 Total: 2,617 1,046 983 4,646 717,508 722,154 4,848 Commercial and industrial 20 — 8 28 217,419 217,447 218 Consumer 3 — — 3 5,469 5,472 8 Total loans $ 2,912 $ 1,693 $ 1,394 $ 5,999 $ 2,018,825 $ 2,024,824 $ 6,421 At June 30, 2024 and December 31, 2023, total past due loans totaled $ 5.6 0.27 $6.0 0.30 Nonaccrual Loans. Accrual of interest on loans is generally discontinued when contractual payment of principal or interest becomes past due 90 days or, if in management's judgment, reasonable doubt exists as to the full timely collection of interest. Exceptions may be made if the loan has matured and is in the process of renewal or is well-secured and in the process of collection. When a loan is placed on nonaccrual status, interest accruals cease and uncollected accrued interest is reversed and charged against current interest income. Interest payments on nonaccrual loans are generally applied to principal. If collection of the principal is reasonably assured, interest payments are recognized as income on the cash basis. Loans are generally returned to accrual status when principal and interest payments are current, full collectability of principal and interest is reasonably assured and a consistent record of at least six consecutive months of performance has been achieved. The following table is a summary of the Company’s nonaccrual loans by major categories at June 30, 2024 and December 31, 2023: As of June 30, 2024 For the Three For the Six Nonaccrual Nonaccrual Total Nonaccrual Accrued (Dollars in thousands) Commercial real estate: Non-owner occupied $ — $ 840 $ 840 $ 21 $ 42 Owner-occupied — 171 171 3 6 Total — 1,011 1,011 24 48 Residential real estate: Residential — 4,291 4,291 52 103 Home equity — 347 347 13 16 Total 4,638 4,638 65 119 Commercial and industrial — 189 189 39 78 Consumer — 7 7 — — Total loans $ — $ 5,845 $ 5,845 $ 128 $ 245 As of December 31, 2023 For the Three For the Six Nonaccrual Nonaccrual Total Nonaccrual Accrued (Dollars in thousands) Commercial real estate: Non-owner occupied $ — $ 1,107 $ 1,107 $ 22 $ 40 Owner-occupied — 240 240 5 10 Total — 1,347 1,347 27 50 Residential real estate: Residential — 4,739 4,739 40 80 Home equity — 109 109 3 6 Total 4,848 4,848 43 86 Commercial and industrial — 218 218 35 86 Consumer — 8 8 — — Total loans $ — $ 6,421 $ 6,421 $ 105 $ 222 At June 30, 2024 and December 31, 2023, nonaccrual loans totaled $ 5.8 0.29 6.4 0.32 Individually Evaluated Collateral Dependent Loans. Loans that do not share similar risk characteristics with loans that are pooled into portfolio segments are individually evaluated. A loan is considered collateral dependent when, based on current information and events, the borrower is experiencing financial difficulty and repayment, both principal and interest, is expected to be provided substantially through the operation or sale of the collateral. Loans that are rated Substandard, have a loan-to-value above 85% or have demonstrated a specific weakness (e.g. slow payment history, industry weakness, or other clear credit deterioration) may be considered for individual evaluation if they are determined not to share similar risk characteristics within the segment. Individually evaluated assets will be measured primarily using the collateral dependent financial asset practical expedient, although the discounted cash flow method may be used when management deems it more appropriate or collateral values cannot be supported. For individually evaluated assets, an ACL is determined separately for each financial asset. At June 30, 2024, the Company had $ 801,000 14.5 The following table summarizes the Company’s individually evaluated collateral dependent loans by class as of the dates indicated: As of June 30, 2024 Recorded Related (Dollars in thousands) With no related allowance recorded: Commercial real estate: Non-owner occupied $ 8,273 $ — Owner-occupied 1,490 — Total 9,793 — Residential real estate: Residential one-to-four family 4,388 — Home equity 348 — Total 4,736 Commercial and industrial 292 — Consumer — — Loans with no related allowance recorded $ 14,791 $ — With an allowance recorded: Commercial real estate: Non-owner occupied $ — $ — Owner-occupied Total Residential real estate: Residential one-to-four family — — Home equity — — Total Commercial and industrial 509 171 Consumer — — Loans with an allowance recorded $ 509 $ 171 Total individually evaluated loans $ 15,300 $ 171 As of December 31, 2023 Recorded Related (Dollars in thousands) With no related allowance recorded: Commercial real estate: Non-owner occupied $ 8,879 $ — Owner-occupied 1,769 — Total 10,648 — Residential real estate: Residential one-to-four family 5,163 — Home equity 109 — Total 5,272 — Commercial and industrial 13,273 — Consumer 8 — Loans with no related allowance recorded $ 29,201 $ — With an allowance recorded: Commercial real estate: $ — $ — Non-owner occupied Owner-occupied Total Residential real estate: Residential one-to-four family — — Home equity — — Total Commercial and industrial 517 179 Consumer — — Loans with an allowance recorded $ 517 $ 179 Total individually evaluated loans $ 29,718 $ 179 Modified Loans to Borrowers Experiencing Financial Difficulty. The Company will modify the contractual terms of loans to a borrower experiencing financial difficulties as a way to mitigate loss and comply with regulations regarding bankruptcy and discharge situations. Loans are designated as modified when, as part of an agreement to modify the original contractual terms of the loan as a result of financial difficulties of the borrower, the Company grants the borrower a concession on the terms that would not otherwise be considered. Typically, such concessions may consist of a reduction in interest rate to a below market rate, taking into account the credit quality of the note, extension of additional credit based on receipt of adequate collateral, or a deferment or reduction of payments (principal or interest) which materially alters the Company's position or significantly extends the note's maturity date, such that the present value of cash flows to be received is materially less than those contractually established at the loan's origination. There were no loan modifications granted based on borrower financial difficulty during the six months ended June 30, 2024 and for the year ended December 31, 2023. During the six months ended June 30, 2024 and 2023, no modified loans defaulted (defined as 30 days or more past due) within 12 months of restructuring. There were no charge-offs on modified loans during the six months ended June 30, 2024 or 2023. Credit Quality Information. The Company monitors the credit quality of its loan portfolio by using internal risk ratings that are based on regulatory guidance. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company utilizes an eight-grade internal loan rating system for commercial real estate and commercial and industrial loans. The grades assigned and definitions are as follows: loans graded excellent, above average, good are classified as “Pass” for grading purposes (risk ratings 1-4). All loans risk rated Special Mention (5), Substandard (6), Doubtful (7) and Loss (8) are listed on the Company’s criticized report and are reviewed not less than on a quarterly basis to assess the level of risk and to ensure that appropriate actions are being taken to minimize potential loss exposure. In addition, the Company closely monitors classified loans, defined as Substandard, Doubtful, and Loss for signs of deterioration to mitigate the growth in nonaccrual loans, including performing additional due diligence, updating valuations and requiring additional financial reporting from the borrower. Loans identified as containing a loss are partially charged-off or fully charged-off. Performing residential real estate, home equity and consumer loans are grouped with “Pass” rated loans. Nonperforming residential real estate, home equity and consumer loans are risk rated as “Substandard” and individually evaluated. Loans rated 1 – 4 Loans rated 5 Loans rated 6 Loans rated 7 Loans rated 8 On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate loans over $ 2 1 The following tables summarize the amortized cost basis by aggregate Pass and criticized categories of Special Mention and Substandard within the Company’s internal risk rating system by year of origination as of June 30, 2024 and December 31, 2023. Term Loan Origination by Year Revolving Loans Year-to-Date June 30, 2024 2023 2022 2021 2020 Prior Revolving Revolving Total (Dollars in thousands) Commercial Real Estate: Pass (Rated 1- 4) $ 10,446 $ 43,506 $ 172,773 $ 232,133 $ 110,031 $ 392,374 $ 80,008 $ — $ 1,041,271 Special Mention (Rated 5) — — — — — 3,245 258 — 3,503 Substandard (Rated 6) — — — — 8,386 3,379 — — 11,765 Total commercial real estate loans $ 10,446 $ 43,506 $ 172,773 $ 232,133 $ 118,417 $ 398,998 $ 80,266 $ — $ 1,056,539 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Payment Performance: Performing $ 10,446 $ 43,506 $ 172,773 $ 232,133 $ 118,417 $ 397,987 $ 80,266 $ — $ 1,055,528 Nonperforming — — — — — 1,011 — — 1,011 Residential One-to-Four Family: Pass $ 37,345 $ 61,100 $ 91,232 $ 92,582 $ 122,225 $ 217,984 $ 4,349 $ — $ 626,817 Substandard — — 622 256 858 3,444 — — 5,180 Total residential one-to-four family $ 37,345 $ 61,100 $ 91,854 $ 92,838 $ 123,083 $ 221,428 $ 4,349 $ — $ 631,997 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Payment Performance: Performing $ 37,345 $ 61,100 $ 91,232 $ 92,582 $ 122,225 $ 218,873 $ 4,349 $ — $ 627,706 Nonperforming — — 622 256 858 2,555 — — 4,291 Home Equity: Pass $ 4,646 $ 9,467 $ 10,254 $ 6,305 $ 6,670 $ 11,452 $ 62,344 $ 2,485 $ 113,623 Substandard — — — — — — 337 10 347 Total home equity loans $ 4,646 $ 9,467 $ 10,254 $ 6,305 $ 6,670 $ 11,452 $ 62,681 $ 2,495 $ 113,970 Current period gross charge-offs $ — $ — $ — $ — $ — $ 7 $ — $ — $ 7 Payment Performance: Performing $ 4,646 $ 9,467 $ 10,254 $ 6,305 $ 6,670 $ 11,452 $ 62,344 $ 2,485 $ 113,623 Nonperforming — — — — — — 337 10 347 Term Loans Originated by Year Revolving Loans Year-to-Date June 30, 2024 2023 2022 2021 2020 Prior Revolving Revolving Total (Dollars in thousands) Commercial and Industrial: Pass (Rated 1- 4) $ 7,455 $ 23,151 $ 32,148 $ 29,425 $ 16,967 $ 24,813 $ 66,382 $ 67 $ 200,408 Special Mention (Rated 5) — 6,150 81 32 — 1,933 2,932 — 11,128 Substandard (Rated 6) — — 141 — 478 63 4,082 — 4,764 Total commercial and industrial loans $ 7,455 $ 29,301 $ 32,370 $ 29,457 $ 17,445 $ 26,809 $ 73,396 $ 67 $ 216,300 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ 1 $ 1 Payment Performance: Performing $ 7,455 $ 29,301 $ 32,370 $ 29,457 $ 17,445 $ 26,803 $ 73,213 $ 67 $ 216,111 Nonperforming — — — — — 6 183 — 189 Consumer: Pass $ 365 $ 1,705 $ 1,093 $ 381 $ 110 $ 277 $ 777 $ — $ 4,708 Substandard — — — — — 6 1 — 7 Total consumer loans $ 365 $ 1,705 $ 1,093 $ 381 $ 110 $ 283 $ 778 $ — $ 4,715 Current period gross charge-offs $ 43 $ — $ — $ — $ — $ — $ — $ 66 $ 109 Payment Performance: Performing $ 365 $ 1,705 $ 1,093 $ 381 $ 110 $ 277 $ 777 $ — $ 4,708 Nonperforming — — — — — 6 1 — 7 Term Loan Origination by Year Revolving Loans 2023 2022 2021 2020 2019 Prior Revolving Revolving Total (Dollars in thousands) Commercial Real Estate: Pass (Rated 1- 4) $ 42,764 $ 175,829 $ 228,739 $ 113,631 $ 91,353 $ 320,806 $ 81,483 $ 9,289 $ 1,063,894 Special Mention (Rated 5) — — — 180 915 3,237 164 — 4,496 Substandard (Rated 6) — — — 8,013 — 3,348 — — 11,361 Total commercial real estate loans $ 42,764 $ 175,829 $ 228,739 $ 121,824 $ 92,268 $ 327,391 $ 81,647 $ 9,289 $ 1,079,751 Current period gross charge-offs $ — $ — $ — $ — $ — $ 764 $ — $ — $ 764 Payment Performance: Performing $ 42,764 $ 175,829 $ 228,739 $ 121,824 $ 92,268 $ 326,044 $ 81,647 $ 9,289 $ 1,078,404 Nonperforming — — — — — 1,347 — — 1,347 Residential One-to-Four Family: Pass $ 59,257 $ 88,213 $ 94,290 $ 125,917 $ 54,263 $ 174,688 $ 10,401 $ — $ 607,029 Substandard — 447 495 445 — 3,899 — — 5,286 Total residential one-to-four family $ 59,257 $ 88,660 $ 94,785 $ 126,362 $ 54,263 $ 178,587 $ 10,401 $ — $ 612,315 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Payment Performance: Performing $ 59,257 $ 88,213 $ 94,290 $ 125,540 $ 54,263 $ 175,612 $ 10,401 $ — $ 607,576 Nonperforming — 447 495 822 — 2,975 — — 4,739 Home Equity: Pass $ 9,937 $ 10,885 $ 6,861 $ 7,108 $ 5,234 $ 7,261 $ 60,115 $ 2,329 $ 109,730 Substandard — — — — — 7 90 12 109 Total home equity loans $ 9,937 $ 10,885 $ 6,861 $ 7,108 $ 5,234 $ 7,268 $ 60,205 $ 2,341 $ 109,839 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Payment Performance: Performing $ 9,937 $ 10,885 $ 6,861 $ 7,108 $ 5,234 $ 7,261 $ 60,115 $ 2,329 $ 109,730 Nonperforming — — — — — 7 90 12 109 Term Loans Originated by Year Revolving Loans 2023 2022 2021 2020 2019 Prior Revolving Revolving Total (Dollars in thousands) Commercial and Industrial: Pass (Rated 1- 4) $ 31,108 $ 35,705 $ 26,553 $ 19,780 $ 19,765 $ 8,825 $ 57,393 $ 69 $ 199,198 Special Mention (Rated 5) — 101 — — 8 498 707 — 1,314 Substandard (Rated 6) — — 1,408 8,156 — 85 7,286 — 16,935 Total commercial and industrial loans $ 31,108 $ 35,806 $ 27,961 $ 27,936 $ 19,773 $ 9,408 $ 65,386 $ 69 $ 217,447 Current period gross charge-offs $ — $ 147 $ — $ — $ — $ 221 $ — $ 1,193 $ 1,561 Payment Performance: Performing $ 31,108 $ 35,806 $ 27,961 $ 27,936 $ 19,773 $ 9,401 $ 65,175 $ 69 $ 217,229 Nonperforming — — — — — 7 211 — 218 Consumer: Pass $ 2,168 $ 1,381 $ 524 $ 241 $ 68 $ 270 $ 812 $ — $ 5,464 Substandard — — — — — 8 — — 8 Total consumer loans $ 2,168 $ 1,381 $ 524 $ 241 $ 68 $ 278 $ 812 $ — $ 5,472 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ 3 $ 182 $ 185 Payment Performance: Performing $ 2,168 $ 1,381 $ 524 $ 241 $ 68 $ 271 $ 811 $ — $ 5,464 Nonperforming — — — — — 7 1 — 8 The following table summarizes information about total loans rated Special Mention, Substandard, Doubtful or Loss, at June 30, 2024 and December 31, 2023. June 30, 2024 December 31, 2023 (Dollar in thousands) Criticized loans: Special Mention $ 14,631 $ 5,810 Substandard 22,063 33,699 Total $ 36,694 $ 39,509 Total criticized loans as a percentage of total loans 1.8 % 1.9 %

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	6. GOODWILL AND OTHER INTANGIBLES Goodwill At June 30, 2024 and December 31, 2023, the carrying value of the Company’s goodwill was $12.5 Core Deposit Intangibles In connection with the acquisition of Chicopee, the Bank recorded a core deposit intangible of $ 4.5 twelve years 94,000 188,000 375,000 125,000

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	7. SHARE-BASED COMPENSATION Restricted Stock Awards. In May 2021, the Company’s shareholders approved the 2021 Omnibus Incentive Plan, a share-based compensation plan (the “2021 Omnibus Plan”). Under the 2021 Omnibus Plan, up to 700,000 On an annual basis, the Compensation Committee (the “Committee”) approves long-term incentive awards out of the 2021 Omnibus Plan, whereby shares will be granted to eligible participants of the Company that are nominated by the Chief Executive Officer and approved by the Committee, with vesting over a three-year one-year In May 2021, 122,362 122,362 61,181 three-year 61,181 50 three-year The threshold, target and stretch metrics under the 2021 Incentive Plan are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2021 5.63% 6.25% 7.50% December 31, 2022 5.85% 6.50% 7.80% December 31, 2023 6.08% 6.75% 8.10% Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $1.58 $1.97 $2.36 As of December 31, 2023, the three-year performance period for the 2021 Long-Tern Incentive Plan (the “2021 LTI Plan”) ended. The 2021 LTI Plan included a “catch-up” provision allowing unearned performance-based shares from the 2021 and 2022 performance periods to be earned at the end of the three-year period based on the final year performance. Of the 50,205 69,376 In March 2022, 137,151 137,151 77,463 17,775 one year 59,688 three-year 59,688 50 three-year The threshold, target and stretch metrics under the 2022 Incentive Plan are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2022 7.79% 8.20% 8.61% December 31, 2023 7.93% 8.35% 8.77% December 31, 2024 8.03% 8.45% 8.87% Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $2.35 $2.61 $2.85 In March 2023, 139,196 139,196 78,697 18,198 one year 60,499 three-year 60,499 50 three-year The threshold, target and stretch metrics under the 2023 Incentive Plan are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2023 8.00% 8.45% 8.85% December 31, 2024 8.75% 9.25% 9.75% December 31, 2025 9.00% 9.50% 10.00% Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $2.39 $2.65 $2.89 In March 2024, 167,878 167,878 94,667 21,456 one year 73,211 three-year 73,211 50 three-year The threshold, target and stretch metrics under the 2024 Incentive Plan are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2024 5.05% 5.61% 6.17% December 31, 2025 6.18% 6.86% 7.55% December 31, 2026 7.30% 8.11% 8.92% Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $2.25 $2.50 $2.75 At June 30, 2024, there were 123,587 A summary of the status of unvested restricted stock awards at June 30, 2024 and 2023 is presented below: Shares Weighted Average Grant ($) Balance at December 31, 2023 220,635 9.29 Shares granted 187,049 8.38 Shares forfeited (2,384 ) 8.39 Shares vested (69,376 ) 8.34 Balance at June 30, 2024 335,924 8.98 Shares Weighted Average Grant ($) Balance at December 31, 2022 206,092 8.85 Shares granted 158,957 9.79 Shares vested (66,817 ) 9.07 Balance at June 30, 2023 298,232 9.30 The Company recorded total expense for restricted stock awards of $ 823,000 829,000

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS AND LONG-TERM DEBT	8. SHORT-TERM BORROWINGS AND LONG-TERM DEBT On a long-term basis, the Company intends to continue to increase its core deposits to fund loan growth. The Company also uses FHLB borrowings as part of the Company's overall strategy to manage interest rate risk and liquidity risk. FHLB advances are secured by a blanket security agreement which requires the Company to maintain certain qualifying assets as collateral, principally certain residential real estate loans and commercial real estate loans and securities, not otherwise pledged. The maximum amount that the FHLB will advance to member institutions, including the Company, fluctuates from time to time in accordance with the policies of the FHLB. As an FHLB member, the Company is required to own capital stock of the FHLB, calculated periodically based primarily on its level of borrowings from the FHLB. Advances are made under several different credit programs with different lending standards, interest rates and range of maturities. The Company’s relationship with the FHLB is an integral component of the Company’s asset-liability management program. At June 30, 2024, FHLB advances, consisting of short-term and long-term advances, totaled $ 128.3 4.95 40.6 4.99 944.8 437.4 9.5 Other borrowings, held as collateral for customer swap arrangements, totaled $ 6.6 5.33 6.1 5.33 As a member of the Federal Reserve Bank of Boston (“FRB”), the Company may also borrow from the Federal Reserve Bank Discount Window (the “Discount Window”). At June 30, 2024, the Company pledged $ 412.9 403.8 The Company utilized the Bank Term Funding Program (“BTFP”), which was created in March 2023 to enhance banking system liquidity by allowing institutions to pledge certain securities at par value and borrow at a rate of ten basis points over the one-year overnight index swap rate. The BTFP was available to federally insured depository institutions in the U.S., with advances having a term of up to one year with no prepayment penalties. The BTFP ceased extending new advances in March 2024. At December 31, 2023, the outstanding balance under the BTFP was $ 90.0 The following table sets forth certain information regarding advances from the FHLB, and other borrowed funds for the periods indicated: June 30, 2024 December 31, 2023 Outstanding Weighted Outstanding Weighted (Dollars in thousands) FHLB advances: Short-term advances (1) $ — — % $ 10,000 5.56 % Long-term advances 128,277 4.95 30,646 4.81 Total FHLB advances 128,277 4.95 40,646 4.99 BTFP advances — — 90,000 4.71 Other borrowings 6,570 5.33 6,100 5.33 Total $ 134,847 4.97 % $ 136,746 4.82 % (1) Short-term advances are defined as having maturities of less than 12 months.

SUBORDINATED DEBT

SUBORDINATED DEBT	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
SUBORDINATED DEBT	9. SUBORDINATED DEBT On April 20, 2021, the Company completed an offering of $ 20.0 4.875 19.7 Unless earlier redeemed, the Notes mature on May 1, 2031 May 1, 2026 4.875 90-day average secured overnight financing rate 412 May 1, 2026 The Notes are presented net of issuance costs of $ 269,000 $19,000

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	10. DERIVATIVES AND HEDGING ACTIVITIES Risk Management Objective of Using Derivatives. The Company is exposed to certain risks arising from both our business operations and economic conditions. We principally manage our exposures to a wide variety of business and operational risks through management of our core business activities. We manage economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of our assets and liabilities and the use of derivative financial instruments. Specifically, we entered into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are used to manage differences in the amount, timing, and duration of our known or expected cash receipts and our known or expected cash payments principally related to certain variable rate loan assets and variable rate borrowings. Fair Value Hedges of Interest Rate Risk. The Company is exposed to changes in the fair value of certain pools of fixed-rate assets due to changes in benchmark interest rates. The Company uses interest rate swaps to manage its exposure to changes in fair value on these instruments attributable to changes in the designated benchmark interest rate. The Company's interest rate swaps designated as fair value hedges involve the payment of fixed-rate amounts to a counterparty in exchange for the Company receiving variable-rate payments over the life of the agreements without the exchange of the underlying notional amount. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in interest income . As of June 30, 2024 and December 31, 2023, the following amounts were recorded on the balance sheet related to cumulative basis adjustment of fair value hedges: Item in the Balance Sheet in Carrying Amount of Hedged Cumulative Amount of Fair Value At June 30, 2024 At December 31, At June 30, 2024 At December 31, (Dollars in thousands) Loans $ 199,457 $ 199,393 $ (543 ) $ (607 ) Total $ 199,457 $ 199,393 $ (543 ) $ (607 ) These amounts include the amortized cost basis of closed portfolios of fixed rate residential loans used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolio anticipated to be outstanding for the designated hedged period. At June 30, 2024, the amortized cost basis of the closed portfolios used in these hedging relationships was $446.5 $543,000 $200 $461.2 $607,000 $200 0.3 4.43 Non-hedging Derivatives. Derivatives not designated as hedges are not speculative, but rather result from a service the Company provides to certain customers. The Company executes loan-level derivative products such as interest-rate swap agreements with commercial banking customers to aid them in managing their interest-rate risk by converting floating-rate loan payments to fixed-rate loan payments. The Company concurrently enters into offsetting swaps with a third-party financial institution, effectively minimizing the Company’s net risk exposure resulting from such transactions. The third-party financial institution exchanges the customer's fixed-rate loan payments for floating-rate loan payments. As the interest-rate swap agreements associated with this program do not meet hedge accounting requirements, changes in the fair value are recognized directly in earnings. Fair Values of Derivative Instruments on the Balance Sheet. The table below presents the fair value of our derivative financial instruments designated as hedging and non-hedging instruments as well as our classification on the balance sheet as of June 30, 2024 and December 31, 2023. June 30, 2024 Asset Derivatives Liability Derivatives Balance Sheet Fair Value Balance Sheet Fair Value (Dollars in thousands) Hedging Derivatives Interest rate swaps - fair value hedges $ 572 $ — Derivatives not designated as hedging instruments: Interest rate swap – with customer counterparties — 5,922 Interest rate swap – with dealer counterparties 5,922 — Total derivatives Other Assets $ 6,494 Other Liabilities $ 5,922 December 31, 2023 Asset Derivatives Liability Derivatives Balance Sheet Fair Value Balance Sheet Fair Value (Dollars in thousands) Hedging Derivatives Interest rate swaps - fair value hedges $ 651 $ — Derivatives not designated as hedging instruments: Interest rate swap – with customer counterparties — 5,239 Interest rate swap – with dealer counterparties 5,239 — Total derivatives Other Assets $ 5,890 Other Liabilities $ 5,239 Effect of Derivative Instruments in the Consolidated Statements of Net Income. The table below presents the effect of the Company’s derivative financial instruments on the statements of net income as of June 30, 2024 and June 30, 2023. Location and Amount of Gain (Loss) Recognized in Income on Fair Value Hedging Relationships Three Months June 30, 2024 Three Months June 30, 2023 Six Months June 30, 2024 Six Months June 30, 2023 (Dollars in thousands) Balance Sheet location Interest Income Interest Income Interest Income Interest Income Total amounts of income line items presented in the statements of net income in which the effects of fair value hedges are recorded $ 447 $ 220 $ 890 $ 220 Gain (loss) on fair value hedging relationships Interest rate contracts: Hedged items $ (3 ) $ (1,659 ) $ (9 ) $ (1,659 ) Derivatives designated as hedging instruments 450 1,879 899 1,879 There were no gains or losses recognized in accumulated other comprehensive income during the six months ended June 30, 2024 and 2023, respectively. Credit-risk-related Contingent Features By using derivative financial instruments, we expose ourselves to credit risk. Credit risk is the risk of failure by the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes us, which creates credit risk for us. When the fair value of a derivative is negative, we owe the counterparty and, therefore, it does not possess credit risk. The credit risk in derivative instruments is mitigated by entering into transactions with highly-rated counterparties that we believe to be creditworthy and by limiting the amount of exposure to each counterparty. We have agreements with our derivative counterparties that contain a provision where if we default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then we could also be declared in default on our derivative obligations. We also have agreements with certain of our derivative counterparties that contain a provision where if we fail to maintain our status as well capitalized, then the counterparty could terminate the derivative positions and we would be required to settle our obligations under the agreements. Certain of our agreements with our derivative counterparties contain provisions where if a formal administrative action by a federal or state regulatory agency occurs that materially changes our creditworthiness in an adverse manner, we may be required to fully collateralize our obligations under the derivative instrument. At June 30, 2024, we had minimum collateral posting thresholds with certain of our derivative counterparties. As of June 30, 2024, we were not required to post collateral under these agreements because we did not have any derivatives in a liability position with those counterparties.

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	11. FAIR VALUE OF ASSETS AND LIABILITIES Determination of Fair Value. We use fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for our various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Methods and assumptions for valuing our financial instruments are set forth below. Estimated fair values are calculated based on the value without regard to any premium or discount that may result from concentrations of ownership of a financial instrument, possible tax ramifications or estimated transaction cost. Securities. Interest rate swaps. Assets and Liabilities Measured at Fair Value on a Recurring Basis. Assets and liabilities measured at fair value on a recurring basis are summarized below: June 30, 2024 Level 1 Level 2 Level 3 Total Assets: (Dollars in thousands) Available-for-sale securities $ — $ 135,089 $ — $ 135,089 Marketable equity securities 233 — — 233 Interest rate swaps — 6,494 — 6,494 Total assets $ 233 $ 141,583 $ — $ 141,816 Liabilities: Interest rate swaps $ — $ 5,922 $ — $ 5,922 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: (Dollars in thousands) Available-for-sale securities $ — $ 137,115 $ — $ 137,115 Marketable equity securities 196 — — 196 Interest rate swaps — 5,890 — 5,890 Total assets $ 196 $ 143,005 $ — $ 143,201 Liabilities: Interest rate swaps $ — $ 5,239 $ — $ 5,239 There were no transfers to or from Level 1 and 2 for assets measured at fair value on a recurring basis at June 30, 2024 and December 31, 2023. Assets Measured at Fair Value on a Non-recurring Basis. We may also be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets. There were no collateral dependent loans measured at fair value on a nonrecurring basis as of June 30, 2024. The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2023: Six Months Ended At December 31, 2023 June 30, 2023 Total Level 1 Level 2 Level 3 Losses (Dollars in thousands) (Dollars in thousands) Collateral dependent loans $ — $ — $ 1,100 $ 1,828 The amount of impaired loans represents the carrying value, net of the related write-down or valuation allowance of collateral dependent loans for which adjustments are based on the estimated fair value of the underlying collateral. The fair value of collateral dependent loans with specific allocations of the allowance for loan losses is generally based on real estate appraisals performed by independent licensed or certified appraisers. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Management will discount appraisals as deemed necessary based on the date of the appraisal and new information deemed relevant to the valuation. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. Summary of Fair Values of Financial Instruments. The estimated fair values of our financial instruments are as follows: June 30, 2024 Carrying Fair Value Level 1 Level 2 Level 3 Total (Dollars in thousands) Assets: Cash and cash equivalents $ 53,458 $ 53,458 $ — $ — $ 53,458 Securities held-to-maturity 217,632 9,533 167,942 — 177,475 Securities available-for-sale 135,089 — 135,089 — 135,089 Marketable equity securities 233 233 — — 233 FHLB and other restricted stock 7,143 — — 7,143 7,143 Loans - net 2,006,782 — — 1,845,800 1,845,800 Accrued interest receivable 8,737 — — 8,737 8,737 Mortgage servicing rights 377 — 689 — 689 Derivative asset 6,494 — 6,494 — 6,494 Liabilities: Deposits 2,171,809 — — 2,169,900 2,169,900 Short-term borrowings 6,570 — 6,570 — 6,570 Long-term debt 128,277 — 128,444 — 128,444 Subordinated debt 19,731 — 16,135 — 16,135 Accrued interest payable 1,023 — — 1,023 1,023 Derivative liabilities 5,922 — 5,922 — 5,922 December 31, 2023 Carrying Fair Value Level 1 Level 2 Level 3 Total (Dollars in thousands) Assets: Cash and cash equivalents $ 28,840 $ 28,840 $ — $ — $ 28,840 Securities held-to-maturity 223,370 9,450 178,242 — 187,692 Securities available-for-sale 137,115 — 137,115 — 137,115 Marketable equity securities 196 196 — — 196 FHLB and other restricted stock 3,707 — — 3,707 3,707 Loans - net 2,007,050 — — 1,841,913 1,841,913 Accrued interest receivable 8,528 — — 8,528 8,528 Mortgage servicing rights 422 — 724 — 724 Derivative asset 5,890 — 5,890 — 5,890 Liabilities: Deposits 2,143,744 — — 2,140,930 2,140,930 Short-term borrowings 16,100 — 16,100 — 16,100 Long-term debt 120,646 — 120,460 — 120,460 Subordinated debt 19,712 — 17,938 — 17,938 Accrued interest payable 3,310 — — 3,310 3,310 Derivative liabilities 5,239 — 5,239 — 5,239

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2024
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	12. RECENT ACCOUNTING PRONOUNCEMENTS In December 2023, the Financial Accounting Standards Board issued ASU 2023-09, Income Taxes—Improvements to Income Tax Disclosures

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation The Bank operates 25
Wholly-owned Subsidiaries	Wholly-owned Subsidiaries
Principles of Consolidation	Principles of Consolidation
Estimates	Estimates
Basis of Presentation	Basis of Presentation These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2023, included in our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Annual Report”).
Reclassifications	Reclassifications

EARNINGS PER SHARE (_EPS_) (Tab

EARNINGS PER SHARE (“EPS”) (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings per common share:
Earnings per common share for the three and six months ended June 30, 2024 and 2023 have been computed based on the following:	Earnings per common share for the three and six months ended June 30, 2024 and 2023 have been computed based on the following: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (Dollars in thousands, except per share data) Net income applicable to common stock $ 3,513 $ 2,763 $ 6,474 $ 8,067 Average number of common shares issued 21,516 22,148 21,578 22,184 Less: Average unallocated ESOP Shares (274 ) (348 ) (282 ) (357 ) Less: Average unvested performance-based equity incentive plan shares (186 ) (166 ) (177 ) (160 ) Average number of common shares outstanding used to calculate basic earnings per common share 21,056 21,634 21,119 21,667 Effect of dilutive performance-based equity incentive plan 108 14 99 15 Average number of common shares outstanding used to calculate diluted earnings per common share 21,164 21,648 21,218 21,682 Net income per common share: Basic earnings per common share $ 0.17 $ 0.13 $ 0.31 $ 0.37 Diluted earnings per common share $ 0.17 $ 0.13 $ 0.31 $ 0.37

COMPREHENSIVE INCOME (LOSS) (Ta

COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
The components of accumulated other comprehensive loss included in shareholders’ equity are as follows:	The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: June 30, 2024 December 31, 2023 (Dollars in thousands) Net unrealized losses on securities available-for-sale $ (31,715 ) $ (29,166 ) Tax effect 8,078 7,422 Net-of-tax amount (23,637 ) (21,744 ) Accumulated other comprehensive loss $ (23,637 ) $ (21,744 )

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
The following tables summarize the amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2024 and December 31, 2023	The following tables summarize the amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2024 and December 31, 2023 June 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Securities available-for-sale: Debt securities: Government-sponsored enterprise obligations $ 14,929 $ — $ (3,131 ) $ 11,798 State and municipal bonds 135 — — 135 Corporate bonds 5,000 — (683 ) 4,317 Total debt securities 20,064 — (3,814 ) 16,250 Mortgage-backed securities: Government-sponsored mortgage-backed securities 140,359 — (26,530 ) 113,829 U.S. government guaranteed mortgage-backed securities 6,381 — (1,371 ) 5,010 Total mortgage-backed securities 146,740 — (27,901 ) 118,839 Total securities available-for-sale 166,804 — (31,715 ) 135,089 Securities held-to-maturity: Debt securities: U.S. Treasury securities 9,999 — (466 ) 9,533 U.S. government guaranteed obligations 1,088 5 — 1,093 Total debt securities 11,087 5 (466 ) 10,626 Mortgage-backed securities: Government-sponsored mortgage-backed securities 206,545 14 (39,710 ) 166,849 Total mortgage-backed securities 206,545 14 (39,710 ) 166,849 Total securities held-to-maturity 217,632 19 (40,176 ) 177,475 Total $ 384,436 $ 19 $ (71,891 ) $ 312,564 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Securities available-for-sale: Debt securities: Government-sponsored enterprise obligations $ 14,924 $ — $ (2,898 ) $ 12,026 State and municipal bonds 135 — — 135 Corporate bonds 8,000 — (1,038 ) 6,962 Total debt securities 23,059 — (3,936 ) 19,123 Mortgage-backed securities: Government-sponsored mortgage-backed securities 136,533 — (23,976 ) 112,557 U.S. government guaranteed mortgage-backed securities 6,689 — (1,254 ) 5,435 Total mortgage-backed securities 143,222 — (25,230 ) 117,992 Total securities available-for-sale 166,281 — (29,166 ) 137,115 Securities held-to-maturity: Debt securities: U.S. Treasury securities 9,995 — (545 ) 9,450 Total debt securities 9,995 — (545 ) 9,450 Mortgage-backed securities: Government-sponsored mortgage-backed securities 213,375 107 (35,240 ) 178,242 Total mortgage-backed securities 213,375 107 (35,240 ) 178,242 Total securities held-to-maturity 223,370 107 (35,785 ) 187,692 Total $ 389,651 $ 107 $ (64,951 ) $ 324,807
The following table summarizes the unrealized gains recognized on marketable equity securities for the periods indicated:	The following table summarizes the unrealized gains recognized on marketable equity securities for the periods indicated: Six Months Ended June 30, 2024 2023 (Dollars in thousands) Net gains recognized during the period on marketable equity securities $ 12 $ — Unrealized gains recognized during the period on marketable equity securities still held at end of period $ 12 $ —
The amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2024, by final maturity, are shown below.	The amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2024, by final maturity, are shown below. Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value (Dollars in thousands) Debt securities: Due in one year or less $ 135 $ 135 $ 4,997 $ 4,915 Due after one year through five years — — 5,002 4,618 Due after five years through ten years 19,929 16,115 — — Due after ten years — — 1,088 1,093 Total debt securities 20,064 16,250 11,087 10,626 Mortgage-backed securities: Due after one year through five years 923 881 — — Due after five years through ten years 797 724 — — Due after ten years 145,020 117,234 206,545 166,849 Total mortgage-backed securities 146,740 118,839 206,545 166,849 Total securities $ 166,804 $ 135,089 $ 217,632 $ 177,475
The following tables summarize the gross unrealized losses and fair value of the Company’s securities available-for-sale and held-to-maturity	The following tables summarize the gross unrealized losses and fair value of the Company’s securities available-for-sale and held-to-maturity June 30, 2024 Less Than Twelve Months Over Twelve Months Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) (Dollars in thousands) Securities available-for-sale: Government-sponsored mortgage-backed securities 2 $ 8,953 $ 85 0.9 % 70 $ 104,876 $ 26,445 20.1 % U.S. government guaranteed mortgage-backed securities — — — — 9 5,010 1,371 21.5 Government-sponsored enterprise obligations — — — — 3 11,798 3,131 21.0 Corporate bonds — — — — 2 4,317 683 13.7 Total securities available-for-sale 2 8,953 85 84 126,001 31,630 Securities held-to-maturity: U.S. Treasury securities — — — — % 2 9,533 466 4.7 % Government-sponsored mortgage-backed securities 4 10,287 115 1.1 37 154,911 39,595 20.4 Total securities held-to-maturity 4 10,287 115 39 164,444 40,061 Total securities 6 $ 19,240 $ 200 123 $ 290,445 $ 71,691 December 31, 2023 Less Than Twelve Months Over Twelve Months Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) Number of Securities Fair Value Gross Unrealized Loss Depreciation from Amortized Cost Basis (%) (Dollars in thousands) Securities available-for-sale: Government-sponsored mortgage-backed securities — $ — $ — — % 70 $ 112,557 $ 23,976 17.6 % U.S. government guaranteed mortgage-backed securities — — — — 9 5,435 1,254 18.7 Government-sponsored enterprise obligations — — — — 3 12,026 2,898 19.4 Corporate bonds — — — — 3 6,962 1,038 13.0 Total securities available-for-sale — — — 85 136,980 29,166 Securities held-to-maturity: U.S. Treasury securities — — — — % 2 9,450 545 5.5 % Government-sponsored mortgage-backed securities 4 7,097 56 0.8 36 164,395 35,184 17.6 Total securities held-to-maturity 4 7,097 56 38 173,845 35,729 Total securities 4 $ 7,097 $ 56 123 $ 310,825 $ 64,895

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
The following table presents the summary of the loan portfolio by the major classification of the loan at the periods indicated:	The following table presents the summary of the loan portfolio by the major classification of the loan at the periods indicated: June 30, December 31, 2024 2023 (Dollars in thousands) Commercial real estate: Non-owner occupied $ 864,603 $ 881,643 Owner-occupied 191,936 198,108 Total commercial real estate 1,056,539 1,079,751 Residential real estate: Residential one-to-four family 631,997 612,315 Home equity 113,970 109,839 Total residential real estate 745,967 722,154 Commercial and industrial 216,300 217,447 Consumer 4,715 5,472 Total gross loans 2,023,521 2,024,824 Plus: Unearned premiums and deferred loan fees and costs, net 2,705 2,493 Less: Allowance for credit losses (19,444 ) (20,267 ) Net loans $ 2,006,782 $ 2,007,050
A summary of the activity in the balances of mortgage servicing rights follows:	A summary of the activity in the balances of mortgage servicing rights follows: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 (Dollars in thousands) Balance at the beginning of period: $ 400 $ 515 $ 422 $ 550 Amortization (23 ) (35 ) (45 ) (70 ) Balance at the end of period $ 377 $ 480 $ 377 $ 480 Fair value at the end of period $ 689 $ 759 $ 689 $ 759
An analysis of changes in the allowance for credit losses by segment for the three and six months ended June 30, 2024 and June 30, 2023 is as follows:	An analysis of changes in the allowance for credit losses by segment for the three and six months ended June 30, 2024 and June 30, 2023 is as follows: Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Balance at March 31, 2024 $ 14,771 $ 2,481 $ 2,508 $ 124 $ — $ 19,884 Provision for (reversal of) credit losses (440 ) (38 ) 28 20 — (430 ) Charge-offs — — — (50 ) — (50 ) Recoveries — 1 16 23 — 40 Balance at June 30, 2024 $ 14,331 $ 2,444 $ 2,552 $ 117 $ — $ 19,444 Balance at March 31, 2023 $ 15,425 $ 1,877 $ 1,676 $ 53 $ — $ 19,031 Provision for (reversal of) credit losses 327 456 (207 ) 15 — 591 Charge-offs — — — (36 ) — (36 ) Recoveries — 23 18 20 — 61 Balance at June 30, 2023 $ 15,752 $ 2,356 $ 1,487 $ 52 $ — $ 19,647 Allowance for credit losses for off-balance sheet exposures Balance at March 31, 2024 $ 264 $ 184 $ 49 $ — $ — $ 497 Provision for (reversal of) credit losses 97 41 (2 ) — — 136 Balance at June 30, 2024 $ 361 $ 225 $ 47 $ — $ — $ 633 Balance at March 31, 2023 $ 518 $ 205 $ 39 $ — $ — $ 762 Reversal of credit losses (123 ) (42 ) (6 ) — — (171 ) Balance at June 30, 2023 $ 395 $ 163 $ 33 $ — $ — $ 591 Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Balance at December 31, 2023 $ 15,141 $ 2,548 $ 2,537 $ 41 $ — $ 20,267 Provision for (reversal of) for credit losses (838 ) (109 ) (66 ) 133 — (880 ) Charge-offs — (7 ) (1 ) (109 ) — (117 ) Recoveries 28 12 82 52 — 174 Balance at June 30, 2024 $ 14,331 $ 2,444 $ 2,552 $ 117 $ — $ 19,444 Balance at December 31, 2022 $ 12,199 $ 4,312 $ 3,160 $ 245 $ 15 $ 19,931 Cumulative effect change in accounting principle 3,989 (2,518 ) (75 ) (199 ) (15 ) 1,182 Adjusted beginning balance 16,188 1,794 3,085 46 — 21,113 Provision (reversal) for credit losses (22 ) 539 (204 ) 46 — 359 Charge-offs (414 ) — (1,413 ) (71 ) — (1,898 ) Recoveries — 23 19 31 73 Balance at June 30, 2023 $ 15,752 $ 2,356 $ 1,487 $ 52 $ — $ 19,647 Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Allowance for credit losses for off-balance sheet exposures Balance at December 31, 2023 $ 375 $ 163 $ 59 $ — $ — $ 597 Provision (reversal) for credit losses (14 ) 62 (12 ) — — 36 Balance at June 30, 2024 $ 361 $ 225 $ 47 $ — $ — $ 633 Balance at December 31, 2022 $ — $ — $ — $ — $ — $ — Cumulative effect of change in accounting principle 611 267 40 — — 918 Reversal of credit losses (216 ) (104 ) (7 ) — — (327 ) Balance at June 30, 2023 $ 395 $ 163 $ 33 $ — $ — $ 591
The following tables present an age analysis of past due loans as of the dates indicated:	The following tables present an age analysis of past due loans as of the dates indicated: 30 – 59 60 – 89 90 Days Total Past Due Total Current Total Loans Nonaccrual (Dollars in thousands) June 30, 2024 Commercial real estate: Non-owner occupied $ — $ — $ 646 $ 646 $ 863,957 $ 864,603 $ 840 Owner-occupied 267 22 149 438 191,498 191,936 171 Total: 267 22 795 1,084 1,055,455 1,056,539 1,011 Residential real estate: Residential one-to-four family 2,224 394 1,129 3,747 628,250 631,997 4,291 Home equity 122 70 348 540 113,430 113,970 347 Total: 2,346 464 1,477 4,287 741,680 745,967 4,638 Commercial and industrial — 164 8 172 216,128 216,300 189 Consumer 6 1 — 7 4,708 4,715 7 Total loans $ 2,619 $ 651 $ 2,280 $ 5,550 $ 2,017,971 $ 2,023,521 $ 5,845 30 – 59 60 – 89 90 Days Total Past Due Total Current Total Loans Nonaccrual (Dollars in thousands) December 31, 2023 Commercial real estate: Non-owner occupied $ — $ 647 $ 236 $ 883 $ 880,760 $ 881,643 $ 1,107 Owner-occupied 272 — 167 439 197,669 198,108 240 Total: 272 647 403 1,322 1,078,429 1,079,751 1,347 Residential real estate: Residential one-to-four family 2,354 934 881 4,169 608,146 612,315 4,739 Home equity 263 112 102 477 109,362 109,839 109 Total: 2,617 1,046 983 4,646 717,508 722,154 4,848 Commercial and industrial 20 — 8 28 217,419 217,447 218 Consumer 3 — — 3 5,469 5,472 8 Total loans $ 2,912 $ 1,693 $ 1,394 $ 5,999 $ 2,018,825 $ 2,024,824 $ 6,421
The following table is a summary of the Company’s nonaccrual loans by major categories at June 30, 2024 and December 31, 2023:	The following table is a summary of the Company’s nonaccrual loans by major categories at June 30, 2024 and December 31, 2023: As of June 30, 2024 For the Three For the Six Nonaccrual Nonaccrual Total Nonaccrual Accrued (Dollars in thousands) Commercial real estate: Non-owner occupied $ — $ 840 $ 840 $ 21 $ 42 Owner-occupied — 171 171 3 6 Total — 1,011 1,011 24 48 Residential real estate: Residential — 4,291 4,291 52 103 Home equity — 347 347 13 16 Total 4,638 4,638 65 119 Commercial and industrial — 189 189 39 78 Consumer — 7 7 — — Total loans $ — $ 5,845 $ 5,845 $ 128 $ 245 As of December 31, 2023 For the Three For the Six Nonaccrual Nonaccrual Total Nonaccrual Accrued (Dollars in thousands) Commercial real estate: Non-owner occupied $ — $ 1,107 $ 1,107 $ 22 $ 40 Owner-occupied — 240 240 5 10 Total — 1,347 1,347 27 50 Residential real estate: Residential — 4,739 4,739 40 80 Home equity — 109 109 3 6 Total 4,848 4,848 43 86 Commercial and industrial — 218 218 35 86 Consumer — 8 8 — — Total loans $ — $ 6,421 $ 6,421 $ 105 $ 222
The following table summarizes the Company’s individually evaluated collateral dependent loans by class as of the dates indicated:	The following table summarizes the Company’s individually evaluated collateral dependent loans by class as of the dates indicated: As of June 30, 2024 Recorded Related (Dollars in thousands) With no related allowance recorded: Commercial real estate: Non-owner occupied $ 8,273 $ — Owner-occupied 1,490 — Total 9,793 — Residential real estate: Residential one-to-four family 4,388 — Home equity 348 — Total 4,736 Commercial and industrial 292 — Consumer — — Loans with no related allowance recorded $ 14,791 $ — With an allowance recorded: Commercial real estate: Non-owner occupied $ — $ — Owner-occupied Total Residential real estate: Residential one-to-four family — — Home equity — — Total Commercial and industrial 509 171 Consumer — — Loans with an allowance recorded $ 509 $ 171 Total individually evaluated loans $ 15,300 $ 171 As of December 31, 2023 Recorded Related (Dollars in thousands) With no related allowance recorded: Commercial real estate: Non-owner occupied $ 8,879 $ — Owner-occupied 1,769 — Total 10,648 — Residential real estate: Residential one-to-four family 5,163 — Home equity 109 — Total 5,272 — Commercial and industrial 13,273 — Consumer 8 — Loans with no related allowance recorded $ 29,201 $ — With an allowance recorded: Commercial real estate: $ — $ — Non-owner occupied Owner-occupied Total Residential real estate: Residential one-to-four family — — Home equity — — Total Commercial and industrial 517 179 Consumer — — Loans with an allowance recorded $ 517 $ 179 Total individually evaluated loans $ 29,718 $ 179
The following tables summarize the amortized cost basis by aggregate Pass and criticized categories of Special Mention and Substandard within the Company’s internal risk rating system by year of origination as of June 30, 2024 and December 31, 2023.	The following tables summarize the amortized cost basis by aggregate Pass and criticized categories of Special Mention and Substandard within the Company’s internal risk rating system by year of origination as of June 30, 2024 and December 31, 2023. Term Loan Origination by Year Revolving Loans Year-to-Date June 30, 2024 2023 2022 2021 2020 Prior Revolving Revolving Total (Dollars in thousands) Commercial Real Estate: Pass (Rated 1- 4) $ 10,446 $ 43,506 $ 172,773 $ 232,133 $ 110,031 $ 392,374 $ 80,008 $ — $ 1,041,271 Special Mention (Rated 5) — — — — — 3,245 258 — 3,503 Substandard (Rated 6) — — — — 8,386 3,379 — — 11,765 Total commercial real estate loans $ 10,446 $ 43,506 $ 172,773 $ 232,133 $ 118,417 $ 398,998 $ 80,266 $ — $ 1,056,539 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Payment Performance: Performing $ 10,446 $ 43,506 $ 172,773 $ 232,133 $ 118,417 $ 397,987 $ 80,266 $ — $ 1,055,528 Nonperforming — — — — — 1,011 — — 1,011 Residential One-to-Four Family: Pass $ 37,345 $ 61,100 $ 91,232 $ 92,582 $ 122,225 $ 217,984 $ 4,349 $ — $ 626,817 Substandard — — 622 256 858 3,444 — — 5,180 Total residential one-to-four family $ 37,345 $ 61,100 $ 91,854 $ 92,838 $ 123,083 $ 221,428 $ 4,349 $ — $ 631,997 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Payment Performance: Performing $ 37,345 $ 61,100 $ 91,232 $ 92,582 $ 122,225 $ 218,873 $ 4,349 $ — $ 627,706 Nonperforming — — 622 256 858 2,555 — — 4,291 Home Equity: Pass $ 4,646 $ 9,467 $ 10,254 $ 6,305 $ 6,670 $ 11,452 $ 62,344 $ 2,485 $ 113,623 Substandard — — — — — — 337 10 347 Total home equity loans $ 4,646 $ 9,467 $ 10,254 $ 6,305 $ 6,670 $ 11,452 $ 62,681 $ 2,495 $ 113,970 Current period gross charge-offs $ — $ — $ — $ — $ — $ 7 $ — $ — $ 7 Payment Performance: Performing $ 4,646 $ 9,467 $ 10,254 $ 6,305 $ 6,670 $ 11,452 $ 62,344 $ 2,485 $ 113,623 Nonperforming — — — — — — 337 10 347 Term Loans Originated by Year Revolving Loans Year-to-Date June 30, 2024 2023 2022 2021 2020 Prior Revolving Revolving Total (Dollars in thousands) Commercial and Industrial: Pass (Rated 1- 4) $ 7,455 $ 23,151 $ 32,148 $ 29,425 $ 16,967 $ 24,813 $ 66,382 $ 67 $ 200,408 Special Mention (Rated 5) — 6,150 81 32 — 1,933 2,932 — 11,128 Substandard (Rated 6) — — 141 — 478 63 4,082 — 4,764 Total commercial and industrial loans $ 7,455 $ 29,301 $ 32,370 $ 29,457 $ 17,445 $ 26,809 $ 73,396 $ 67 $ 216,300 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ 1 $ 1 Payment Performance: Performing $ 7,455 $ 29,301 $ 32,370 $ 29,457 $ 17,445 $ 26,803 $ 73,213 $ 67 $ 216,111 Nonperforming — — — — — 6 183 — 189 Consumer: Pass $ 365 $ 1,705 $ 1,093 $ 381 $ 110 $ 277 $ 777 $ — $ 4,708 Substandard — — — — — 6 1 — 7 Total consumer loans $ 365 $ 1,705 $ 1,093 $ 381 $ 110 $ 283 $ 778 $ — $ 4,715 Current period gross charge-offs $ 43 $ — $ — $ — $ — $ — $ — $ 66 $ 109 Payment Performance: Performing $ 365 $ 1,705 $ 1,093 $ 381 $ 110 $ 277 $ 777 $ — $ 4,708 Nonperforming — — — — — 6 1 — 7 Term Loan Origination by Year Revolving Loans 2023 2022 2021 2020 2019 Prior Revolving Revolving Total (Dollars in thousands) Commercial Real Estate: Pass (Rated 1- 4) $ 42,764 $ 175,829 $ 228,739 $ 113,631 $ 91,353 $ 320,806 $ 81,483 $ 9,289 $ 1,063,894 Special Mention (Rated 5) — — — 180 915 3,237 164 — 4,496 Substandard (Rated 6) — — — 8,013 — 3,348 — — 11,361 Total commercial real estate loans $ 42,764 $ 175,829 $ 228,739 $ 121,824 $ 92,268 $ 327,391 $ 81,647 $ 9,289 $ 1,079,751 Current period gross charge-offs $ — $ — $ — $ — $ — $ 764 $ — $ — $ 764 Payment Performance: Performing $ 42,764 $ 175,829 $ 228,739 $ 121,824 $ 92,268 $ 326,044 $ 81,647 $ 9,289 $ 1,078,404 Nonperforming — — — — — 1,347 — — 1,347 Residential One-to-Four Family: Pass $ 59,257 $ 88,213 $ 94,290 $ 125,917 $ 54,263 $ 174,688 $ 10,401 $ — $ 607,029 Substandard — 447 495 445 — 3,899 — — 5,286 Total residential one-to-four family $ 59,257 $ 88,660 $ 94,785 $ 126,362 $ 54,263 $ 178,587 $ 10,401 $ — $ 612,315 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Payment Performance: Performing $ 59,257 $ 88,213 $ 94,290 $ 125,540 $ 54,263 $ 175,612 $ 10,401 $ — $ 607,576 Nonperforming — 447 495 822 — 2,975 — — 4,739 Home Equity: Pass $ 9,937 $ 10,885 $ 6,861 $ 7,108 $ 5,234 $ 7,261 $ 60,115 $ 2,329 $ 109,730 Substandard — — — — — 7 90 12 109 Total home equity loans $ 9,937 $ 10,885 $ 6,861 $ 7,108 $ 5,234 $ 7,268 $ 60,205 $ 2,341 $ 109,839 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Payment Performance: Performing $ 9,937 $ 10,885 $ 6,861 $ 7,108 $ 5,234 $ 7,261 $ 60,115 $ 2,329 $ 109,730 Nonperforming — — — — — 7 90 12 109 Term Loans Originated by Year Revolving Loans 2023 2022 2021 2020 2019 Prior Revolving Revolving Total (Dollars in thousands) Commercial and Industrial: Pass (Rated 1- 4) $ 31,108 $ 35,705 $ 26,553 $ 19,780 $ 19,765 $ 8,825 $ 57,393 $ 69 $ 199,198 Special Mention (Rated 5) — 101 — — 8 498 707 — 1,314 Substandard (Rated 6) — — 1,408 8,156 — 85 7,286 — 16,935 Total commercial and industrial loans $ 31,108 $ 35,806 $ 27,961 $ 27,936 $ 19,773 $ 9,408 $ 65,386 $ 69 $ 217,447 Current period gross charge-offs $ — $ 147 $ — $ — $ — $ 221 $ — $ 1,193 $ 1,561 Payment Performance: Performing $ 31,108 $ 35,806 $ 27,961 $ 27,936 $ 19,773 $ 9,401 $ 65,175 $ 69 $ 217,229 Nonperforming — — — — — 7 211 — 218 Consumer: Pass $ 2,168 $ 1,381 $ 524 $ 241 $ 68 $ 270 $ 812 $ — $ 5,464 Substandard — — — — — 8 — — 8 Total consumer loans $ 2,168 $ 1,381 $ 524 $ 241 $ 68 $ 278 $ 812 $ — $ 5,472 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ 3 $ 182 $ 185 Payment Performance: Performing $ 2,168 $ 1,381 $ 524 $ 241 $ 68 $ 271 $ 811 $ — $ 5,464 Nonperforming — — — — — 7 1 — 8
The following table summarizes information about total loans rated Special Mention, Substandard, Doubtful or Loss, at June 30, 2024 and December 31, 2023.	The following table summarizes information about total loans rated Special Mention, Substandard, Doubtful or Loss, at June 30, 2024 and December 31, 2023. June 30, 2024 December 31, 2023 (Dollar in thousands) Criticized loans: Special Mention $ 14,631 $ 5,810 Substandard 22,063 33,699 Total $ 36,694 $ 39,509 Total criticized loans as a percentage of total loans 1.8 % 1.9 %

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
The threshold, target and stretch metrics under the 2021 Incentive Plan are as follows:	The threshold, target and stretch metrics under the 2021 Incentive Plan are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2021 5.63% 6.25% 7.50% December 31, 2022 5.85% 6.50% 7.80% December 31, 2023 6.08% 6.75% 8.10% Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $1.58 $1.97 $2.36
The threshold, target and stretch metrics under the 2022 Incentive Plan are as follows:	The threshold, target and stretch metrics under the 2022 Incentive Plan are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2022 7.79% 8.20% 8.61% December 31, 2023 7.93% 8.35% 8.77% December 31, 2024 8.03% 8.45% 8.87% Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $2.35 $2.61 $2.85
The threshold, target and stretch metrics under the 2023 Incentive Plan are as follows:	The threshold, target and stretch metrics under the 2023 Incentive Plan are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2023 8.00% 8.45% 8.85% December 31, 2024 8.75% 9.25% 9.75% December 31, 2025 9.00% 9.50% 10.00% Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $2.39 $2.65 $2.89
The threshold, target and stretch metrics under the 2024 Incentive Plan are as follows:	The threshold, target and stretch metrics under the 2024 Incentive Plan are as follows: Return on Equity Metrics Performance Period Ending Threshold Target Stretch December 31, 2024 5.05% 5.61% 6.17% December 31, 2025 6.18% 6.86% 7.55% December 31, 2026 7.30% 8.11% 8.92% Earnings Per Share Metrics Performance Period Ending Threshold Target Stretch Three-year Cumulative Diluted Earnings Per Share $2.25 $2.50 $2.75
A summary of the status of unvested restricted stock awards at June 30, 2024 and 2023 is presented below:	A summary of the status of unvested restricted stock awards at June 30, 2024 and 2023 is presented below: Shares Weighted Average Grant ($) Balance at December 31, 2023 220,635 9.29 Shares granted 187,049 8.38 Shares forfeited (2,384 ) 8.39 Shares vested (69,376 ) 8.34 Balance at June 30, 2024 335,924 8.98 Shares Weighted Average Grant ($) Balance at December 31, 2022 206,092 8.85 Shares granted 158,957 9.79 Shares vested (66,817 ) 9.07 Balance at June 30, 2023 298,232 9.30

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
The following table sets forth certain information regarding advances from the FHLB, and other borrowed funds for the periods indicated:	The following table sets forth certain information regarding advances from the FHLB, and other borrowed funds for the periods indicated: June 30, 2024 December 31, 2023 Outstanding Weighted Outstanding Weighted (Dollars in thousands) FHLB advances: Short-term advances (1) $ — — % $ 10,000 5.56 % Long-term advances 128,277 4.95 30,646 4.81 Total FHLB advances 128,277 4.95 40,646 4.99 BTFP advances — — 90,000 4.71 Other borrowings 6,570 5.33 6,100 5.33 Total $ 134,847 4.97 % $ 136,746 4.82 % (1) Short-term advances are defined as having maturities of less than 12 months.

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
As of June 30, 2024 and December 31, 2023, the following amounts were recorded on the balance sheet related to cumulative basis adjustment of fair value hedges:	As of June 30, 2024 and December 31, 2023, the following amounts were recorded on the balance sheet related to cumulative basis adjustment of fair value hedges: Item in the Balance Sheet in Carrying Amount of Hedged Cumulative Amount of Fair Value At June 30, 2024 At December 31, At June 30, 2024 At December 31, (Dollars in thousands) Loans $ 199,457 $ 199,393 $ (543 ) $ (607 ) Total $ 199,457 $ 199,393 $ (543 ) $ (607 )
The table below presents the fair value of our derivative financial instruments designated as hedging and non-hedging instruments as well as our classification on the balance sheet as of June 30, 2024 and December 31, 2023.	The table below presents the fair value of our derivative financial instruments designated as hedging and non-hedging instruments as well as our classification on the balance sheet as of June 30, 2024 and December 31, 2023. June 30, 2024 Asset Derivatives Liability Derivatives Balance Sheet Fair Value Balance Sheet Fair Value (Dollars in thousands) Hedging Derivatives Interest rate swaps - fair value hedges $ 572 $ — Derivatives not designated as hedging instruments: Interest rate swap – with customer counterparties — 5,922 Interest rate swap – with dealer counterparties 5,922 — Total derivatives Other Assets $ 6,494 Other Liabilities $ 5,922 December 31, 2023 Asset Derivatives Liability Derivatives Balance Sheet Fair Value Balance Sheet Fair Value (Dollars in thousands) Hedging Derivatives Interest rate swaps - fair value hedges $ 651 $ — Derivatives not designated as hedging instruments: Interest rate swap – with customer counterparties — 5,239 Interest rate swap – with dealer counterparties 5,239 — Total derivatives Other Assets $ 5,890 Other Liabilities $ 5,239
The table below presents the effect of the Company’s derivative financial instruments on the statements of net income as of June 30, 2024 and June 30, 2023.	The table below presents the effect of the Company’s derivative financial instruments on the statements of net income as of June 30, 2024 and June 30, 2023. Location and Amount of Gain (Loss) Recognized in Income on Fair Value Hedging Relationships Three Months June 30, 2024 Three Months June 30, 2023 Six Months June 30, 2024 Six Months June 30, 2023 (Dollars in thousands) Balance Sheet location Interest Income Interest Income Interest Income Interest Income Total amounts of income line items presented in the statements of net income in which the effects of fair value hedges are recorded $ 447 $ 220 $ 890 $ 220 Gain (loss) on fair value hedging relationships Interest rate contracts: Hedged items $ (3 ) $ (1,659 ) $ (9 ) $ (1,659 ) Derivatives designated as hedging instruments 450 1,879 899 1,879

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis are summarized below:	Assets and liabilities measured at fair value on a recurring basis are summarized below: June 30, 2024 Level 1 Level 2 Level 3 Total Assets: (Dollars in thousands) Available-for-sale securities $ — $ 135,089 $ — $ 135,089 Marketable equity securities 233 — — 233 Interest rate swaps — 6,494 — 6,494 Total assets $ 233 $ 141,583 $ — $ 141,816 Liabilities: Interest rate swaps $ — $ 5,922 $ — $ 5,922 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: (Dollars in thousands) Available-for-sale securities $ — $ 137,115 $ — $ 137,115 Marketable equity securities 196 — — 196 Interest rate swaps — 5,890 — 5,890 Total assets $ 196 $ 143,005 $ — $ 143,201 Liabilities: Interest rate swaps $ — $ 5,239 $ — $ 5,239
The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2023:	We may also be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets. There were no collateral dependent loans measured at fair value on a nonrecurring basis as of June 30, 2024. The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2023: Six Months Ended At December 31, 2023 June 30, 2023 Total Level 1 Level 2 Level 3 Losses (Dollars in thousands) (Dollars in thousands) Collateral dependent loans $ — $ — $ 1,100 $ 1,828
The estimated fair values of our financial instruments are as follows:	The estimated fair values of our financial instruments are as follows: June 30, 2024 Carrying Fair Value Level 1 Level 2 Level 3 Total (Dollars in thousands) Assets: Cash and cash equivalents $ 53,458 $ 53,458 $ — $ — $ 53,458 Securities held-to-maturity 217,632 9,533 167,942 — 177,475 Securities available-for-sale 135,089 — 135,089 — 135,089 Marketable equity securities 233 233 — — 233 FHLB and other restricted stock 7,143 — — 7,143 7,143 Loans - net 2,006,782 — — 1,845,800 1,845,800 Accrued interest receivable 8,737 — — 8,737 8,737 Mortgage servicing rights 377 — 689 — 689 Derivative asset 6,494 — 6,494 — 6,494 Liabilities: Deposits 2,171,809 — — 2,169,900 2,169,900 Short-term borrowings 6,570 — 6,570 — 6,570 Long-term debt 128,277 — 128,444 — 128,444 Subordinated debt 19,731 — 16,135 — 16,135 Accrued interest payable 1,023 — — 1,023 1,023 Derivative liabilities 5,922 — 5,922 — 5,922 December 31, 2023 Carrying Fair Value Level 1 Level 2 Level 3 Total (Dollars in thousands) Assets: Cash and cash equivalents $ 28,840 $ 28,840 $ — $ — $ 28,840 Securities held-to-maturity 223,370 9,450 178,242 — 187,692 Securities available-for-sale 137,115 — 137,115 — 137,115 Marketable equity securities 196 196 — — 196 FHLB and other restricted stock 3,707 — — 3,707 3,707 Loans - net 2,007,050 — — 1,841,913 1,841,913 Accrued interest receivable 8,528 — — 8,528 8,528 Mortgage servicing rights 422 — 724 — 724 Derivative asset 5,890 — 5,890 — 5,890 Liabilities: Deposits 2,143,744 — — 2,140,930 2,140,930 Short-term borrowings 16,100 — 16,100 — 16,100 Long-term debt 120,646 — 120,460 — 120,460 Subordinated debt 19,712 — 17,938 — 17,938 Accrued interest payable 3,310 — — 3,310 3,310 Derivative liabilities 5,239 — 5,239 — 5,239

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Jun. 30, 2024 N
Accounting Policies [Abstract]
Number of banking offices in which bank operates	25

Earnings per common share for t

Earnings per common share for the three and six months ended June 30, 2024 and 2023 have been computed based on the following: (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings per common share:
Net income applicable to common stock	$ 3,513	$ 2,961	$ 2,763	$ 5,304	$ 6,474	$ 8,067
Average number of common shares issued	21,516		22,148		21,578	22,184
Less: Average unallocated ESOP Shares	(274)		(348)		(282)	(357)
Less: Average unvested performance-based equity incentive plan shares	(186)		(166)		(177)	(160)
Average number of common shares outstanding used to calculate basic earnings per common share	21,056		21,634		21,119	21,667
Effect of dilutive performance-based equity incentive plan	108		14		99	15
Average number of common shares outstanding used to calculate diluted earnings per common share	21,164		21,648		21,218	21,682
Basic earnings per common share	$ 0.17		$ 0.13		$ 0.31	$ 0.37
Diluted earnings per common share	$ 0.17		$ 0.13		$ 0.31	$ 0.37

The components of accumulated o

The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (23,637)	$ (21,744)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized losses on securities available-for-sale	(31,715)	(29,166)
Tax effect	8,078	7,422
Accumulated other comprehensive loss	$ (23,637)	$ (21,744)

The following tables summarize

The following tables summarize the amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2024 and December 31, 2023 (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	$ 166,804	$ 166,281
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(31,715)	(29,166)
Available-for-sale securities, at fair value	135,089	137,115
Held-to-maturity securities, amortized cost	217,632	223,370
Held-to-maturity securities, gross unrealized gains	19	107
Held-to-maturity securities, gross unrealized losses	(40,176)	(35,785)
Held-to-maturity securities, fair value	177,475	187,692
Total, amortized cost	384,436	389,651
Total, gross unrealized gains	19	107
Total, gross unrealized losses	(71,891)	(64,951)
Total, fair value	312,564	324,807
Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	14,929	14,924
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(3,131)	(2,898)
Available-for-sale securities, at fair value	11,798	12,026
State and Municipal Bonds [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	135	135
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses
Available-for-sale securities, at fair value	135	135
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	5,000	8,000
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(683)	(1,038)
Available-for-sale securities, at fair value	4,317	6,962
Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	20,064	23,059
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(3,814)	(3,936)
Available-for-sale securities, at fair value	16,250	19,123
Held-to-maturity securities, amortized cost	11,087	9,995
Held-to-maturity securities, gross unrealized gains	5
Held-to-maturity securities, gross unrealized losses	(466)	(545)
Held-to-maturity securities, fair value	10,626	9,450
Government-sponsored mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	140,359	136,533
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(26,530)	(23,976)
Available-for-sale securities, at fair value	113,829	112,557
Held-to-maturity securities, amortized cost	206,545	213,375
Held-to-maturity securities, gross unrealized gains	14	107
Held-to-maturity securities, gross unrealized losses	(39,710)	(35,240)
Held-to-maturity securities, fair value	166,849	178,242
U.S. government guaranteed mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	6,381	6,689
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(1,371)	(1,254)
Available-for-sale securities, at fair value	5,010	5,435
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	146,740	143,222
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(27,901)	(25,230)
Available-for-sale securities, at fair value	118,839	117,992
Held-to-maturity securities, amortized cost	206,545	213,375
Held-to-maturity securities, gross unrealized gains	14	107
Held-to-maturity securities, gross unrealized losses	(39,710)	(35,240)
Held-to-maturity securities, fair value	166,849	178,242
US Treasury Securities [Member]
Marketable Securities [Line Items]
Held-to-maturity securities, amortized cost	9,999	9,995
Held-to-maturity securities, gross unrealized gains
Held-to-maturity securities, gross unrealized losses	(466)	(545)
Held-to-maturity securities, fair value	9,533	$ 9,450
U.S. Government Guaranteed Obligations [Member]
Marketable Securities [Line Items]
Held-to-maturity securities, amortized cost	1,088
Held-to-maturity securities, gross unrealized gains	5
Held-to-maturity securities, gross unrealized losses
Held-to-maturity securities, fair value	$ 1,093

The following table summarizes

The following table summarizes the unrealized gains recognized on marketable equity securities for the periods indicated: (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net gains recognized during the period on marketable equity securities	$ 4		$ 12
Unrealized gains recognized during the period on marketable equity securities still held at end of period			$ 12

The amortized cost and fair val

The amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2024, by final maturity, are shown below. (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Amortized cost, available for sale	$ 166,804	$ 166,281
Fair value, available for sale	135,089	137,115
Amortized cost, held to maturity	217,632	223,370
Fair value, held to maturity	177,475	187,692
Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, due in one year or less, amortized cost	135
Available-for-sale securities, due in one year or less, fair value	135
Held-to-maturity securities, due in one year or less, amortized cost	4,997
Held-to-maturity securities, due in one year or less, fair value	4,915
Available-for-sale securities, due after one year through five years, amortized cost
Available-for-sale securities, due after one year through five years, fair value
Held-to-maturity securities, due after one year through five years, amortized cost	5,002
Held-to-maturity securities, due after one year through five years, fair value	4,618
Available-for-sale securities, due after five years through ten years, amortized cost	19,929
Available-for-sale securities, due after five years through ten years, fair value	16,115
Held-to-maturity securities, due after five years through ten years, amortized cost
Held-to-maturity securities, due after five years through ten years, fair value
Available-for-sale securities, due after ten years, amortized cost
Available-for-sale securities, due after ten years, fair value
Held-to-maturity securities, due after ten years, amortized cost	1,088
Held-to-maturity securities, due after ten years, fair value	1,093
Amortized cost, available for sale	20,064	23,059
Fair value, available for sale	16,250	19,123
Amortized cost, held to maturity	11,087	9,995
Fair value, held to maturity	10,626	9,450
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, due after one year through five years, amortized cost	923
Available-for-sale securities, due after one year through five years, fair value	881
Held-to-maturity securities, due after one year through five years, amortized cost
Held-to-maturity securities, due after one year through five years, fair value
Available-for-sale securities, due after five years through ten years, amortized cost	797
Available-for-sale securities, due after five years through ten years, fair value	724
Held-to-maturity securities, due after five years through ten years, amortized cost
Held-to-maturity securities, due after five years through ten years, fair value
Available-for-sale securities, due after ten years, amortized cost	145,020
Available-for-sale securities, due after ten years, fair value	117,234
Held-to-maturity securities, due after ten years, amortized cost	206,545
Held-to-maturity securities, due after ten years, fair value	166,849
Amortized cost, available for sale	146,740	143,222
Fair value, available for sale	118,839	117,992
Amortized cost, held to maturity	206,545	213,375
Fair value, held to maturity	$ 166,849	$ 178,242

The following tables summariz_2

The following tables summarize the gross unrealized losses and fair value of the Company’s securities available-for-sale and held-to-maturity (Details) $ in Thousands	Jun. 30, 2024 USD ($) N	Dec. 31, 2023 USD ($) N
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	2
Available-for-sale, less than 12 months, fair value	$ 8,953
Available-for-sale, less than 12 months, gross unrealized loss	$ 85
Available-for-sale, over 12 months, number of securities | N	84	85
Available-for-sale, over 12 months, fair value	$ 126,001	$ 136,980
Available-for-sale, over 12 months, gross unrealized loss	$ 31,630	$ 29,166
Held-to-maturity, less than 12 months, number of securities | N	4	4
Held-to-maturity, less than 12 months, fair value	$ 10,287	$ 7,097
Held-to-maturity, less than 12 months, gross unrealized loss	$ 115	$ 56
Held-to-maturity, over 12 months, number of securities | N	39	38
Held-to-maturity, over 12 months, fair value	$ 164,444	$ 173,845
Held-to-maturity, over 12 months, gross unrealized loss	$ 40,061	$ 35,729
Total, less than 12 months, number of securities | N	6	4
Total, less than 12 months, fair value	$ 19,240	$ 7,097
Total, less than 12 months, gross unrealized loss	$ 200	$ 56
Total, over 12 months, number of securities | N	123	123
Total, over 12 months, fair value	$ 290,445	$ 310,825
Total, over 12 months, gross unrealized loss	$ 71,691	$ 64,895
Government-sponsored mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	2
Available-for-sale, less than 12 months, fair value	$ 8,953
Available-for-sale, less than 12 months, gross unrealized loss	$ 85
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)	0.90%
Available-for-sale, over 12 months, number of securities | N	70	70
Available-for-sale, over 12 months, fair value	$ 104,876	$ 112,557
Available-for-sale, over 12 months, gross unrealized loss	$ 26,445	$ 23,976
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	20.10%	17.60%
Held-to-maturity, less than 12 months, number of securities | N	4	4
Held-to-maturity, less than 12 months, fair value	$ 10,287	$ 7,097
Held-to-maturity, less than 12 months, gross unrealized loss	$ 115	$ 56
Held-to-maturity, less than 12 months, depreciation from amortized cost basis (%)	1.10%	0.80%
Held-to-maturity, over 12 months, number of securities | N	37	36
Held-to-maturity, over 12 months, fair value	$ 154,911	$ 164,395
Held-to-maturity, over 12 months, gross unrealized loss	$ 39,595	$ 35,184
Held-to-maturity, over 12 months, depreciation from amortized cost basis (%)	20.40%	17.60%
U.S. government guaranteed mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N
Available-for-sale, less than 12 months, fair value
Available-for-sale, less than 12 months, gross unrealized loss
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)
Available-for-sale, over 12 months, number of securities | N	9	9
Available-for-sale, over 12 months, fair value	$ 5,010	$ 5,435
Available-for-sale, over 12 months, gross unrealized loss	$ 1,371	$ 1,254
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	21.50%	18.70%
Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N
Available-for-sale, less than 12 months, fair value
Available-for-sale, less than 12 months, gross unrealized loss
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)
Available-for-sale, over 12 months, number of securities | N	3	3
Available-for-sale, over 12 months, fair value	$ 11,798	$ 12,026
Available-for-sale, over 12 months, gross unrealized loss	$ 3,131	$ 2,898
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	21%	19.40%
Corporate Bonds [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N
Available-for-sale, less than 12 months, fair value
Available-for-sale, less than 12 months, gross unrealized loss
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)
Available-for-sale, over 12 months, number of securities | N	2	3
Available-for-sale, over 12 months, fair value	$ 4,317	$ 6,962
Available-for-sale, over 12 months, gross unrealized loss	$ 683	$ 1,038
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	13.70%	13%
US Treasury Securities [Member]
Marketable Securities [Line Items]
Held-to-maturity, less than 12 months, number of securities | N
Held-to-maturity, less than 12 months, fair value
Held-to-maturity, less than 12 months, gross unrealized loss
Held-to-maturity, less than 12 months, depreciation from amortized cost basis (%)
Held-to-maturity, over 12 months, number of securities | N	2	2
Held-to-maturity, over 12 months, fair value	$ 9,533	$ 9,450
Held-to-maturity, over 12 months, gross unrealized loss	$ 466	$ 545
Held-to-maturity, over 12 months, depreciation from amortized cost basis (%)	4.70%	5.50%

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details Narrative) $ in Thousands	Jun. 30, 2024 USD ($) N	Dec. 31, 2023 USD ($) N
Marketable Securities [Line Items]
Securities fair value	$ 312,564	$ 324,807
Accrued interest receivable on held-to-maturity securities	450	454
Available-for-sale, gross unrealized loss	$ 31,700	$ 29,200
Available-for-sale, depreciation from amortized cost basis (%)	19%	17.50%
Available-for-sale, number of securities, fair value less than amortized cost | N	86	85
Held-to-maturity, gross unrealized loss	$ 40,200	$ 35,700
Held-to-maturity, depreciation from amortized cost basis (%)	18.50%	16%
Held-to-maturity, number of securities, fair value less than amortized cost | N	43	42
Guaranteed by government agencies [Member]
Marketable Securities [Line Items]
Accrued interest receivable on available for sale securities	$ 363	$ 333
Not guaranteed by government agencies [Member]
Marketable Securities [Line Items]
Accrued interest receivable on available for sale securities	124	$ 178
Asset Pledged as Collateral [Member] | Deposits [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Securities fair value	9,500
Asset Pledged as Collateral [Member] | Deposits [Member] | Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Securities fair value	11,700
Asset Pledged as Collateral [Member] | Deposits [Member] | Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Securities fair value	$ 161,000

The following table presents th

The following table presents the summary of the loan portfolio by the major classification of the loan at the periods indicated: (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 2,023,521		$ 2,024,824
Plus: Unearned premiums and deferred loan fees and costs, net	2,705		2,493
Less: Allowance for credit losses	(19,444)	$ (19,884)	(20,267)	$ (19,647)	$ (19,031)	$ (19,931)
Net loans	2,006,782		2,007,050
Commercial Real Estate Non-owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	864,603		881,643
Commercial Real Estate Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	191,936		198,108
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,056,539		1,079,751
Less: Allowance for credit losses	(14,331)	(14,771)	(15,141)	(15,752)	(15,425)	(12,199)
Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	631,997		612,315
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	113,970		109,839
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	745,967		722,154
Less: Allowance for credit losses	(2,444)	(2,481)	(2,548)	(2,356)	(1,877)	(4,312)
Commercial and Industrial Sector [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	216,300		217,447
Less: Allowance for credit losses	(2,552)	(2,508)	(2,537)	(1,487)	(1,676)	(3,160)
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	4,715		5,472
Less: Allowance for credit losses	$ (117)	$ (124)	$ (41)	$ (52)	$ (53)	$ (245)

A summary of the activity in th

A summary of the activity in the balances of mortgage servicing rights follows: (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Receivables [Abstract]
Balance at the beginning of period:	$ 400	$ 515	$ 422	$ 550
Amortization	(23)	(35)	(45)	(70)
Balance at the end of period	377	480	377	480
Fair value at the end of period	$ 689	$ 759	$ 689	$ 759

An analysis of changes in the a

An analysis of changes in the allowance for credit losses by segment for the three and six months ended June 30, 2024 and June 30, 2023 is as follows: (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses	$ 19,884	$ 19,031	$ 20,267	$ 19,931	$ 19,931
Provision (reversal) for credit losses	(430)	591	(880)	359
Charge-offs	(50)	(36)	(117)	(1,898)
Recoveries	40	61	174	73
Ending balance, allowance for credit losses	19,444	19,647	19,444	19,647	20,267
Allowance for credit losses for off-balance sheet exposures
Beginning balance	497	762	597
Reversal of credit losses	136	(171)	36	(327)
Ending balance	633	591	633	591	597
Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				1,182	1,182
Allowance for credit losses for off-balance sheet exposures
Beginning balance				918	918
Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				21,113	21,113
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses	14,771	15,425	15,141	12,199	12,199
Provision (reversal) for credit losses	(440)	327	(838)	(22)
Charge-offs				(414)	(764)
Recoveries			28
Ending balance, allowance for credit losses	14,331	15,752	14,331	15,752	15,141
Allowance for credit losses for off-balance sheet exposures
Beginning balance	264	518	375
Reversal of credit losses	97	(123)	(14)	(216)
Ending balance	361	395	361	395	375
Commercial Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				3,989	3,989
Allowance for credit losses for off-balance sheet exposures
Beginning balance				611	611
Commercial Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				16,188	16,188
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses	2,481	1,877	2,548	4,312	4,312
Provision (reversal) for credit losses	(38)	456	(109)	539
Charge-offs			(7)
Recoveries	1	23	12	23
Ending balance, allowance for credit losses	2,444	2,356	2,444	2,356	2,548
Allowance for credit losses for off-balance sheet exposures
Beginning balance	184	205	163
Reversal of credit losses	41	(42)	62	(104)
Ending balance	225	163	225	163	163
Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				(2,518)	(2,518)
Allowance for credit losses for off-balance sheet exposures
Beginning balance				267	267
Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				1,794	1,794
Commercial and Industrial Sector [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses	2,508	1,676	2,537	3,160	3,160
Provision (reversal) for credit losses	28	(207)	(66)	(204)
Charge-offs			(1)	(1,413)	(1,561)
Recoveries	16	18	82	19
Ending balance, allowance for credit losses	2,552	1,487	2,552	1,487	2,537
Allowance for credit losses for off-balance sheet exposures
Beginning balance	49	39	59
Reversal of credit losses	(2)	(6)	(12)	(7)
Ending balance	47	33	47	33	59
Commercial and Industrial Sector [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				(75)	(75)
Allowance for credit losses for off-balance sheet exposures
Beginning balance				40	40
Commercial and Industrial Sector [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				3,085	3,085
Consumer Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses	124	53	41	245	245
Provision (reversal) for credit losses	20	15	133	46
Charge-offs	(50)	(36)	(109)	(71)	(185)
Recoveries	23	20	52	31
Ending balance, allowance for credit losses	117	52	117	52	41
Allowance for credit losses for off-balance sheet exposures
Beginning balance
Reversal of credit losses
Ending balance
Consumer Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				(199)	(199)
Allowance for credit losses for off-balance sheet exposures
Beginning balance
Consumer Loan [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				46	46
Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				15	15
Provision (reversal) for credit losses
Charge-offs
Recoveries
Ending balance, allowance for credit losses
Allowance for credit losses for off-balance sheet exposures
Beginning balance
Reversal of credit losses
Ending balance
Unallocated [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses				(15)	(15)
Allowance for credit losses for off-balance sheet exposures
Beginning balance
Unallocated [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance, allowance for credit losses

The following tables present an

The following tables present an age analysis of past due loans as of the dates indicated: (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total loans	$ 2,023,521	$ 2,024,824
Non-Accrual Loans	5,845	6,421
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,619	2,912
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	651	1,693
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,280	1,394
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	5,550	5,999
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,017,971	2,018,825
Commercial Real Estate Non-owner Occupied [Member]
Financing Receivable, Past Due [Line Items]
Total loans	864,603	881,643
Non-Accrual Loans	840	1,107
Commercial Real Estate Non-owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans
Commercial Real Estate Non-owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans		647
Commercial Real Estate Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	646	236
Commercial Real Estate Non-owner Occupied [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	646	883
Commercial Real Estate Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	863,957	880,760
Commercial Real Estate Owner Occupied [Member]
Financing Receivable, Past Due [Line Items]
Total loans	191,936	198,108
Non-Accrual Loans	171	240
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	267	272
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	22
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	149	167
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	438	439
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	191,498	197,669
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,056,539	1,079,751
Non-Accrual Loans	1,011	1,347
Commercial Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	267	272
Commercial Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	22	647
Commercial Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	795	403
Commercial Real Estate [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,084	1,322
Commercial Real Estate [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,055,455	1,078,429
Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total loans	631,997	612,315
Non-Accrual Loans	4,291	4,739
Residential Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,224	2,354
Residential Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	394	934
Residential Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,129	881
Residential Mortgage [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	3,747	4,169
Residential Mortgage [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	628,250	608,146
Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total loans	113,970	109,839
Non-Accrual Loans	347	109
Home Equity Line of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	122	263
Home Equity Line of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	70	112
Home Equity Line of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	348	102
Home Equity Line of Credit [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	540	477
Home Equity Line of Credit [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	113,430	109,362
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total loans	745,967	722,154
Non-Accrual Loans	4,638	4,848
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,346	2,617
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	464	1,046
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,477	983
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	4,287	4,646
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	741,680	717,508
Commercial and Industrial Sector [Member]
Financing Receivable, Past Due [Line Items]
Total loans	216,300	217,447
Non-Accrual Loans	189	218
Commercial and Industrial Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans		20
Commercial and Industrial Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	164
Commercial and Industrial Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	8	8
Commercial and Industrial Sector [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	172	28
Commercial and Industrial Sector [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	216,128	217,419
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total loans	4,715	5,472
Non-Accrual Loans	7	8
Consumer Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	6	3
Consumer Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1
Consumer Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans
Consumer Loan [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	7	3
Consumer Loan [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	$ 4,708	$ 5,469

The following table is a summar

The following table is a summary of the Company’s nonaccrual loans by major categories at June 30, 2024 and December 31, 2023: (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	5,845		5,845		6,421
Financing Receivable, Nonaccrual	5,845		5,845		6,421
Accrued Interest Receivable Reversed from Income	128	$ 105	245	$ 222
Commercial Real Estate Non-owner Occupied [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	840		840		1,107
Financing Receivable, Nonaccrual	840		840		1,107
Accrued Interest Receivable Reversed from Income	21	22	42	40
Commercial Real Estate Owner Occupied [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	171		171		240
Financing Receivable, Nonaccrual	171		171		240
Accrued Interest Receivable Reversed from Income	3	5	6	10
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	1,011		1,011		1,347
Financing Receivable, Nonaccrual	1,011		1,011		1,347
Accrued Interest Receivable Reversed from Income	24	27	48	50
Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	4,291		4,291		4,739
Financing Receivable, Nonaccrual	4,291		4,291		4,739
Accrued Interest Receivable Reversed from Income	52	40	103	80
Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	347		347		109
Financing Receivable, Nonaccrual	347		347		109
Accrued Interest Receivable Reversed from Income	13	3	16	6
Residential Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	4,638		4,638		4,848
Financing Receivable, Nonaccrual	4,638		4,638		4,848
Accrued Interest Receivable Reversed from Income	65	43	119	86
Commercial and Industrial Sector [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	189		189		218
Financing Receivable, Nonaccrual	189		189		218
Accrued Interest Receivable Reversed from Income	39	35	78	86
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	7		7		8
Financing Receivable, Nonaccrual	7		7		$ 8
Accrued Interest Receivable Reversed from Income

The following table summarize_2

The following table summarizes the Company’s individually evaluated collateral dependent loans by class as of the dates indicated: (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	$ 15,300	$ 29,718
Loans with an allowance recorded, related allowance	171	179
With No Related Allowance Recorded [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	14,791	29,201
With No Related Allowance Recorded [Member] | Commercial Real Estate Non-owner Occupied [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	8,273	8,879
With No Related Allowance Recorded [Member] | Commercial Real Estate Owner Occupied [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	1,490	1,769
With No Related Allowance Recorded [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	9,793	10,648
With No Related Allowance Recorded [Member] | Residential Mortgage [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	4,388	5,163
With No Related Allowance Recorded [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	348	109
With No Related Allowance Recorded [Member] | Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	4,736	5,272
With No Related Allowance Recorded [Member] | Commercial and Industrial Sector [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	292	13,273
With No Related Allowance Recorded [Member] | Consumer Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment		8
With Allowance Recorded [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	509	517
Loans with an allowance recorded, related allowance	171	179
With Allowance Recorded [Member] | Commercial and Industrial Sector [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	509	517
Loans with an allowance recorded, related allowance	$ 171	$ 179

The following tables summariz_3

The following tables summarize the amortized cost basis by aggregate Pass and criticized categories of Special Mention and Substandard within the Company’s internal risk rating system by year of origination as of June 30, 2024 and December 31, 2023. (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 2,023,521		$ 2,023,521		$ 2,024,824
Current period gross charge-offs	50	$ 36	117	$ 1,898
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	10,446		10,446		42,764
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	43,506		43,506		175,829
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	172,773		172,773		228,739
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	232,133		232,133		121,824
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	118,417		118,417		92,268
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	398,998		398,998		327,391
Financing Receivable, Excluding Accrued Interest, Revolving	80,266		80,266		81,647
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan					9,289
Total	1,056,539		1,056,539		1,079,751
Current period gross charge-offs, Originated, More than Five Years before Current Fiscal Year					764
Current period gross charge-offs				414	764
Commercial Real Estate [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	10,446		10,446		42,764
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	43,506		43,506		175,829
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	172,773		172,773		228,739
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	232,133		232,133		121,824
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	118,417		118,417		92,268
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	397,987		397,987		326,044
Financing Receivable, Excluding Accrued Interest, Revolving	80,266		80,266		81,647
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan					9,289
Total	1,055,528		1,055,528		1,078,404
Commercial Real Estate [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,011		1,011		1,347
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	1,011		1,011		1,347
Commercial Real Estate [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	10,446		10,446		42,764
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	43,506		43,506		175,829
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	172,773		172,773		228,739
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	232,133		232,133		113,631
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	110,031		110,031		91,353
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	392,374		392,374		320,806
Financing Receivable, Excluding Accrued Interest, Revolving	80,008		80,008		81,483
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan					9,289
Total	1,041,271		1,041,271		1,063,894
Commercial Real Estate [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year					180
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year					915
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,245		3,245		3,237
Financing Receivable, Excluding Accrued Interest, Revolving	258		258		164
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	3,503		3,503		4,496
Commercial Real Estate [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year					8,013
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	8,386		8,386
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,379		3,379		3,348
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	11,765		11,765		11,361
Residential Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	37,345		37,345		59,257
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	61,100		61,100		88,660
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	91,854		91,854		94,785
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	92,838		92,838		126,362
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	123,083		123,083		54,263
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	221,428		221,428		178,587
Financing Receivable, Excluding Accrued Interest, Revolving	4,349		4,349		10,401
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	631,997		631,997		612,315
Residential Mortgage [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	37,345		37,345		59,257
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	61,100		61,100		88,213
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	91,232		91,232		94,290
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	92,582		92,582		125,540
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	122,225		122,225		54,263
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	218,873		218,873		175,612
Financing Receivable, Excluding Accrued Interest, Revolving	4,349		4,349		10,401
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	627,706		627,706		607,576
Residential Mortgage [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year					447
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	622		622		495
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	256		256		822
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	858		858
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,555		2,555		2,975
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	4,291		4,291		4,739
Residential Mortgage [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	37,345		37,345		59,257
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	61,100		61,100		88,213
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	91,232		91,232		94,290
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	92,582		92,582		125,917
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	122,225		122,225		54,263
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	217,984		217,984		174,688
Financing Receivable, Excluding Accrued Interest, Revolving	4,349		4,349		10,401
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	626,817		626,817		607,029
Residential Mortgage [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year					447
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	622		622		495
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	256		256		445
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	858		858
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,444		3,444		3,899
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	5,180		5,180		5,286
Home Equity Line of Credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	4,646		4,646		9,937
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	9,467		9,467		10,885
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	10,254		10,254		6,861
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,305		6,305		7,108
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	6,670		6,670		5,234
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	11,452		11,452		7,268
Financing Receivable, Excluding Accrued Interest, Revolving	62,681		62,681		60,205
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	2,495		2,495		2,341
Total	113,970		113,970		109,839
Home Equity Line of Credit [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	4,646		4,646		9,937
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	9,467		9,467		10,885
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	10,254		10,254		6,861
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,305		6,305		7,108
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	6,670		6,670		5,234
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	11,452		11,452		7,261
Financing Receivable, Excluding Accrued Interest, Revolving	62,344		62,344		60,115
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	2,485		2,485		2,329
Total	113,623		113,623		109,730
Home Equity Line of Credit [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year					7
Financing Receivable, Excluding Accrued Interest, Revolving	337		337		90
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	10		10		12
Total	347		347		109
Home Equity Line of Credit [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	4,646		4,646		9,937
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	9,467		9,467		10,885
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	10,254		10,254		6,861
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,305		6,305		7,108
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	6,670		6,670		5,234
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	11,452		11,452		7,261
Financing Receivable, Excluding Accrued Interest, Revolving	62,344		62,344		60,115
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	2,485		2,485		2,329
Total	113,623		113,623		109,730
Home Equity Line of Credit [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year					7
Financing Receivable, Excluding Accrued Interest, Revolving	337		337		90
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	10		10		12
Total	347		347		109
Home Equity Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current period gross charge-offs, Originated, More than Five Years before Current Fiscal Year			7
Current period gross charge-offs			7
Commercial and Industrial Sector [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	7,455		7,455		31,108
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	29,301		29,301		35,806
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	32,370		32,370		27,961
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	29,457		29,457		27,936
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	17,445		17,445		19,773
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	26,809		26,809		9,408
Financing Receivable, Excluding Accrued Interest, Revolving	73,396		73,396		65,386
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	67		67		69
Total	216,300		216,300		217,447
Current period gross charge-offs, Year Two, Originated, Fiscal Year before Current Fiscal Year					147
Current period gross charge-offs, Originated, More than Five Years before Current Fiscal Year					221
Current period gross charge-offs, Revolving Loans Converted to Term Loans			1		1,193
Current period gross charge-offs			1	1,413	1,561
Commercial and Industrial Sector [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	7,455		7,455		31,108
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	29,301		29,301		35,806
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	32,370		32,370		27,961
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	29,457		29,457		27,936
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	17,445		17,445		19,773
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	26,803		26,803		9,401
Financing Receivable, Excluding Accrued Interest, Revolving	73,213		73,213		65,175
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	67		67		69
Total	216,111		216,111		217,229
Commercial and Industrial Sector [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	6		6		7
Financing Receivable, Excluding Accrued Interest, Revolving	183		183		211
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	189		189		218
Commercial and Industrial Sector [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	7,455		7,455		31,108
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	23,151		23,151		35,705
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	32,148		32,148		26,553
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	29,425		29,425		19,780
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	16,967		16,967		19,765
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	24,813		24,813		8,825
Financing Receivable, Excluding Accrued Interest, Revolving	66,382		66,382		57,393
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	67		67		69
Total	200,408		200,408		199,198
Commercial and Industrial Sector [Member] | Special Mention (Rated 5) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	6,150		6,150		101
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	81		81
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	32		32
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year					8
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,933		1,933		498
Financing Receivable, Excluding Accrued Interest, Revolving	2,932		2,932		707
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	11,128		11,128		1,314
Commercial and Industrial Sector [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	141		141		1,408
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year					8,156
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	478		478
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	63		63		85
Financing Receivable, Excluding Accrued Interest, Revolving	4,082		4,082		7,286
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	4,764		4,764		16,935
Consumer Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	365		365		2,168
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,705		1,705		1,381
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	1,093		1,093		524
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	381		381		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	110		110		68
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	283		283		278
Financing Receivable, Excluding Accrued Interest, Revolving	778		778		812
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	4,715		4,715		5,472
Current period gross charge-offs, Year One, Originated, Current Fiscal Year			43
Current period gross charge-offs, Revolving Loans					3
Current period gross charge-offs, Revolving Loans Converted to Term Loans			66		182
Current period gross charge-offs	50	$ 36	109	$ 71	185
Consumer Loan [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	365		365		2,168
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,705		1,705		1,381
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	1,093		1,093		524
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	381		381		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	110		110		68
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	277		277		271
Financing Receivable, Excluding Accrued Interest, Revolving	777		777		811
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	4,708		4,708		5,464
Consumer Loan [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	6		6		7
Financing Receivable, Excluding Accrued Interest, Revolving	1		1		1
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	7		7		8
Consumer Loan [Member] | Pass (Rated 1 - 4) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	365		365		2,168
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,705		1,705		1,381
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	1,093		1,093		524
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	381		381		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	110		110		68
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	277		277		270
Financing Receivable, Excluding Accrued Interest, Revolving	777		777		812
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	4,708		4,708		5,464
Consumer Loan [Member] | Substandard (Rated 6) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	6		6		8
Financing Receivable, Excluding Accrued Interest, Revolving	1		1
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Total	$ 7		$ 7		$ 8

The following table summarize_3

The following table summarizes information about total loans rated Special Mention, Substandard, Doubtful or Loss, at June 30, 2024 and December 31, 2023. (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 2,023,521	$ 2,024,824
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	14,631	5,810
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	22,063	33,699
Criticized [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 36,694	$ 39,509
Total criticized loans as a percentage of total loans	1.80%	1.90%

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / Loan	Jun. 30, 2023 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 2,026,226		$ 2,026,226			$ 2,027,317
FHLB advances	128,277		128,277			40,646
Serviced commercial loans for participants	58,800		$ 58,800			65,000
Weighted average prepayment speed, PSA			104%
Weighted average internal rate of return			10.01%
Weighted average servicing fee percentage			0.25%
Net cost to service loans | $ / Loan			83.18
Mortgage loans serviced for others	70,000		$ 70,000			72,700
Servicing fee income			88	$ 97
Accrued interest receivable on loans held for investment	7,700		$ 7,700			7,500
First mortgages maximum loan-to-value percentage, owner-occupied homes			97%
First mortgages maximum loan-to-value percentage, second homes			90%
First mortgages maximum loan-to-value percentage, investment properties			85%
Loan-to-value ratio requiring private mortgage insurance			80%
Residential equity loans and lines maximum percentage of appraised value underwritten			85%
Provision (reversal) for credit losses	(430)	$ 591	$ (880)	359
Provision (reversal) for credit losses for unfunded commitments	136	(171)	36	(327)
Total loans	$ 2,023,521		$ 2,023,521			$ 2,024,824
Total past due, percentage of total loans	0.27%		0.27%			0.30%
Nonaccrual loans	$ 5,845		$ 5,845			$ 6,421
Nonaccrual loans, percentage of total loans	0.29%		0.29%			0.32%
Individually evaluated loans	$ 15,300		$ 15,300			$ 29,718
Financial Asset, Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	5,550		5,550			5,999
Unfunded Loan Commitment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase (decrease) in unfunded commitments	$ 11,900	(16,600)		(29,500)
Percentage of increase in off-balance sheet exposure	7.90%
Total unfunded loan commitments	$ 161,800		161,800		$ 149,900
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated loans	801		801
Real Estate Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated loans	14,500		14,500
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (reversal) for credit losses	(440)	327	(838)	(22)
Provision (reversal) for credit losses for unfunded commitments	97	(123)	(14)	(216)
Total loans	1,056,539		1,056,539			1,079,751
Nonaccrual loans	1,011		1,011			1,347
Minimum loan balance ratings reviewed annually	2,000		2,000
Commercial Real Estate [Member] | Financial Asset, Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,084		1,084			1,322
Commercial and Industrial Sector [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (reversal) for credit losses	28	(207)	(66)	(204)
Provision (reversal) for credit losses for unfunded commitments	(2)	$ (6)	(12)	$ (7)
Total loans	216,300		216,300			217,447
Nonaccrual loans	189		189			218
Minimum loan balance ratings reviewed annually	1,000		1,000
Commercial and Industrial Sector [Member] | Financial Asset, Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	172		172			28
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	944,800		944,800			$ 941,200
Asset Pledged as Collateral [Member] | Federal Reserve Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 412,900		$ 412,900

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 12,487		$ 12,487		$ 12,487
Amortization of core deposit intangible	94	$ 94	188	$ 188
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired core deposit intangible	$ 4,500		$ 4,500
Amortization period of core deposit intangible	12 years		12 years
Future amortization of core deposit intangible assets years 1-4	$ 375		$ 375
Future amortization of core deposit intangible assets thereafter	$ 125		$ 125

The threshold, target and stret

The threshold, target and stretch metrics under the 2021 Incentive Plan are as follows: (Details) - LTI Plan for 2021 [Member]	12 Months Ended
	Dec. 31, 2021 $ / shares
Threshold [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2021	5.63%
December 31, 2022	5.85%
December 31, 2023	6.08%
Three-year Cumulative Diluted Earnings Per Share	$ 1.58
Target [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2021	6.25%
December 31, 2022	6.50%
December 31, 2023	6.75%
Three-year Cumulative Diluted Earnings Per Share	$ 1.97
Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2021	7.50%
December 31, 2022	7.80%
December 31, 2023	8.10%
Three-year Cumulative Diluted Earnings Per Share	$ 2.36

The threshold, target and str_2

The threshold, target and stretch metrics under the 2022 Incentive Plan are as follows: (Details) - LTI Plan for 2022 [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares
Threshold [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2022	7.79%
December 31, 2023	7.93%
December 31, 2024	8.03%
Three-year Cumulative Diluted Earnings Per Share	$ 2.35
Target [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2022	8.20%
December 31, 2023	8.35%
December 31, 2024	8.45%
Three-year Cumulative Diluted Earnings Per Share	$ 2.61
Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2022	8.61%
December 31, 2023	8.77%
December 31, 2024	8.87%
Three-year Cumulative Diluted Earnings Per Share	$ 2.85

The threshold, target and str_3

The threshold, target and stretch metrics under the 2023 Incentive Plan are as follows: (Details) - LTI Plan for 2023 [Member]	12 Months Ended
	Dec. 31, 2023 $ / shares
Threshold [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2023	8%
December 31, 2024	8.75%
December 31, 2025	9%
Three-year Cumulative Diluted Earnings Per Share	$ 2.39
Target [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2023	8.45%
December 31, 2024	9.25%
December 31, 2025	9.50%
Three-year Cumulative Diluted Earnings Per Share	$ 2.65
Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2023	8.85%
December 31, 2024	9.75%
December 31, 2025	10%
Three-year Cumulative Diluted Earnings Per Share	$ 2.89

The threshold, target and str_4

The threshold, target and stretch metrics under the 2024 Incentive Plan are as follows: (Details) - LTI Plan for 2024 [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares
Threshold [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2024	5.05%
December 31, 2025	6.18%
December 31, 2026	7.30%
Three-year Cumulative Diluted Earnings Per Share	$ 2.25
Target [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2024	5.61%
December 31, 2025	6.86%
December 31, 2026	8.11%
Three-year Cumulative Diluted Earnings Per Share	$ 2.50
Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
December 31, 2024	6.17%
December 31, 2025	7.55%
December 31, 2026	8.92%
Three-year Cumulative Diluted Earnings Per Share	$ 2.75

A summary of the status of unve

A summary of the status of unvested restricted stock awards at June 30, 2024 and 2023 is presented below: (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Beginning balance	220,635	206,092
Beginning balance	$ 9.29	$ 8.85
Shares granted	187,049	158,957
Shares granted	$ 8.38	$ 9.79
Shares forfeited	(2,384)
Shares forfeited	$ 8.39
Shares vested	(69,376)	(66,817)
Shares vested	$ 8.34	$ 9.07
Ending balance	335,924	298,232
Ending balance	$ 8.98	$ 9.30

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - USD ($) $ in Thousands	1 Months Ended				6 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	May 31, 2021	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2021	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock expense					$ 823	$ 829
LTI Plan for 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted				122,362
LTI Plan for 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted			137,151
LTI Plan for 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted		139,196
LTI Plan for 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted	167,878
2021 Omnibus Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for grant					123,587
2021 Omnibus Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized				700,000
Share-Based Payment Arrangement [Member] | Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period					3 years
Share-Based Payment Arrangement [Member] | Share-Based Payment Arrangement, Nonemployee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period					1 year
Time Based Shares [Member] | LTI Plan for 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period				3 years
Shares granted				61,181
Time Based Shares [Member] | LTI Plan for 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted			77,463
Time Based Shares [Member] | LTI Plan for 2022 [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period			1 year
Shares granted			17,775
Time Based Shares [Member] | LTI Plan for 2022 [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period			3 years
Shares granted			59,688
Time Based Shares [Member] | LTI Plan for 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted		78,697
Time Based Shares [Member] | LTI Plan for 2023 [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period		1 year
Shares granted		18,198
Time Based Shares [Member] | LTI Plan for 2023 [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period		3 years
Shares granted		60,499
Time Based Shares [Member] | LTI Plan for 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted	94,667
Time Based Shares [Member] | LTI Plan for 2024 [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period	1 year
Shares granted	21,456
Time Based Shares [Member] | LTI Plan for 2024 [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period	3 years
Shares granted	73,211
Performance Shares [Member] | LTI Plan for 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period				3 years
Shares granted				61,181
Vesting percentage				50%
Performance Shares [Member] | LTI Plan for 2021 [Member] | Target [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted							50,205
Performance Shares [Member] | LTI Plan for 2021 [Member] | Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Performance based shares eligible for vest								69,376
Performance Shares [Member] | LTI Plan for 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period			3 years
Shares granted			59,688
Vesting percentage			50%
Performance Shares [Member] | LTI Plan for 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period		3 years
Shares granted		60,499
Vesting percentage		50%
Performance Shares [Member] | LTI Plan for 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period	3 years
Shares granted	73,211
Vesting percentage	50%

The following table sets forth

The following table sets forth certain information regarding advances from the FHLB, and other borrowed funds for the periods indicated: (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Short-term FHLB advances	[1]		$ 10,000
Long-term FHLB advances		128,277	30,646
FHLB advances		128,277	40,646
BTFP advances			90,000
Other borrowings		6,570	6,100
Total		$ 134,847	$ 136,746
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Short-term advances, weighted average rate	[1]		5.56%
Long-term advances, weighted average rate		4.95%	4.81%
Weighted average rate		4.95%	4.99%
BTFP Advances [Member]
Debt Instrument [Line Items]
Weighted average rate			4.71%
Other Borrowings [Member]
Debt Instrument [Line Items]
Weighted average rate		5.33%	5.33%
Borrowings [Member]
Debt Instrument [Line Items]
Weighted average rate		4.97%	4.82%
[1]Short-term advances are defined as having maturities of less than 12 months.

SHORT-TERM BORROWINGS AND LON_3

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
FHLB advances	$ 128,277	$ 40,646
FHLB advances, weighted average rate	4.95%	4.99%
Total Loans	$ 2,026,226	$ 2,027,317
Other borrowings	6,570	6,100
BTFP advances		90,000
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit available	9,500	$ 9,500
FRB Discount Window [Member]
Debt Instrument [Line Items]
Line of credit available	403,800
Federal Home Loan Bank Borrowings [Member]
Debt Instrument [Line Items]
Borrowing capacity	$ 437,400
Other Borrowings [Member]
Debt Instrument [Line Items]
Weighted average rate for other borrowings	5.33%	5.33%
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Total Loans	$ 944,800	$ 941,200
Asset Pledged as Collateral [Member] | Federal Reserve Bank Advances [Member]
Debt Instrument [Line Items]
Total Loans	$ 412,900

SUBORDINATED DEBT (Details Narr

SUBORDINATED DEBT (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Apr. 20, 2021
Debt Instrument [Line Items]
Amortization of subordinated debt issuance costs	$ 19	$ 19
Subordinated Debt [Member]
Debt Instrument [Line Items]
Principal amount			$ 20,000
Principal amount outstanding	$ 19,700
Maturity Date	May 01, 2031
Earliest redemption date	May 01, 2026
Issuance costs	$ 269
Amortization of subordinated debt issuance costs	$ 19	$ 19
Subordinated Debt [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Interest rate	4.875%
Subordinated Debt [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Benchmark rate	90-day average secured overnight financing rate
Interest rate basis spread	4.12%

As of June 30, 2024 and Decembe

As of June 30, 2024 and December 31, 2023, the following amounts were recorded on the balance sheet related to cumulative basis adjustment of fair value hedges: (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Assets/(Liabilities)	$ 199,457	$ 199,393
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets/(Liabilities)	(543)	(607)
Loans [Member]
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Assets/(Liabilities)	199,457	199,393
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets/(Liabilities)	$ (543)	$ (607)

The table below presents the fa

The table below presents the fair value of our derivative financial instruments designated as hedging and non-hedging instruments as well as our classification on the balance sheet as of June 30, 2024 and December 31, 2023. (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Fair value of derivative assets	$ 572	$ 651
Fair value of derivative liability
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Fair value of derivative assets	6,494	5,890
Fair value of derivative liability	5,922	5,239
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Customer counterparties [Member]
Derivative [Line Items]
Fair value of derivative assets
Fair value of derivative liability	5,922	5,239
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Dealer counterparties [Member]
Derivative [Line Items]
Fair value of derivative assets	5,922	5,239
Fair value of derivative liability

The table below presents the ef

The table below presents the effect of the Company’s derivative financial instruments on the statements of net income as of June 30, 2024 and June 30, 2023. (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total amounts of income line items presented in the statements of net income in which the effects of fair value hedges are recorded	$ 447	$ 220	$ 890	$ 220
Hedged items	(3)	(1,659)	(9)	(1,659)
Derivatives designated as hedging instruments	$ 450	$ 1,879	$ 899	$ 1,879

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES (Details Narrative) - Designated as Hedging Instrument [Member] - Fair Value Hedging [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Amortized cost basis of closed portfolios	$ 446,500	$ 461,200
Cumulative basis adjustments	543	607
Notional amount	$ 200,000	$ 200,000
Remaining maturity	3 months 18 days
Average fixed rate	4.43%

Assets and liabilities measured

Assets and liabilities measured at fair value on a recurring basis are summarized below: (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Available-for-sale securities	$ 135,089	$ 137,115
Marketable equity securities	233	196
Interest rate swaps	6,494	5,890
Liabilities:
Interest rate swaps	5,922	5,239
Fair Value, Inputs, Level 1 [Member]
Assets:
Available-for-sale securities
Marketable equity securities	233	196
Interest rate swaps
Liabilities:
Interest rate swaps
Fair Value, Inputs, Level 2 [Member]
Assets:
Available-for-sale securities	135,089	137,115
Marketable equity securities
Interest rate swaps	6,494	5,890
Liabilities:
Interest rate swaps	5,922	5,239
Fair Value, Inputs, Level 3 [Member]
Assets:
Available-for-sale securities
Marketable equity securities
Interest rate swaps
Liabilities:
Interest rate swaps
Fair Value, Recurring [Member]
Assets:
Available-for-sale securities	135,089	137,115
Marketable equity securities	233	196
Interest rate swaps	6,494	5,890
Total assets	141,816	143,201
Liabilities:
Interest rate swaps	5,922	5,239
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Available-for-sale securities
Marketable equity securities	233	196
Interest rate swaps
Total assets	233	196
Liabilities:
Interest rate swaps
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Available-for-sale securities	135,089	137,115
Marketable equity securities
Interest rate swaps	6,494	5,890
Total assets	141,583	143,005
Liabilities:
Interest rate swaps	5,922	5,239
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Available-for-sale securities
Marketable equity securities
Interest rate swaps
Total assets
Liabilities:
Interest rate swaps

The following table summarize_4

The following table summarizes the fair value hierarchy used to determine the carrying values of the related assets as of December 31, 2023: (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2023
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses	$ 1,828
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans		$ 1,100

The estimated fair values of ou

The estimated fair values of our financial instruments are as follows: (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 53,458	$ 28,840
Securities held-to-maturity	177,475	187,692
Securities available-for-sale, at fair value	135,089	137,115
Marketable equity securities	233	196
FHLB and other restricted stock	7,143	3,707
Loans - net	1,845,800	1,841,913
Accrued interest receivable	8,737	8,528
Mortgage servicing rights	689	724
Derivative asset	6,494	5,890
Liabilities:
Deposits	2,169,900	2,140,930
Short-term borrowings	6,570	16,100
Long-term debt	128,444	120,460
Subordinated debt	16,135	17,938
Accrued interest payable	1,023	3,310
Derivative liabilities	5,922	5,239
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents	53,458	28,840
Securities held-to-maturity	9,533	9,450
Securities available-for-sale, at fair value
Marketable equity securities	233	196
FHLB and other restricted stock
Loans - net
Accrued interest receivable
Mortgage servicing rights
Derivative asset
Liabilities:
Deposits
Short-term borrowings
Long-term debt
Subordinated debt
Accrued interest payable
Derivative liabilities
Fair Value, Inputs, Level 2 [Member]
Assets:
Cash and cash equivalents
Securities held-to-maturity	167,942	178,242
Securities available-for-sale, at fair value	135,089	137,115
Marketable equity securities
FHLB and other restricted stock
Loans - net
Accrued interest receivable
Mortgage servicing rights	689	724
Derivative asset	6,494	5,890
Liabilities:
Deposits
Short-term borrowings	6,570	16,100
Long-term debt	128,444	120,460
Subordinated debt	16,135	17,938
Accrued interest payable
Derivative liabilities	5,922	5,239
Fair Value, Inputs, Level 3 [Member]
Assets:
Cash and cash equivalents
Securities held-to-maturity
Securities available-for-sale, at fair value
Marketable equity securities
FHLB and other restricted stock	7,143	3,707
Loans - net	1,845,800	1,841,913
Accrued interest receivable	8,737	8,528
Mortgage servicing rights
Derivative asset
Liabilities:
Deposits	2,169,900	2,140,930
Short-term borrowings
Long-term debt
Subordinated debt
Accrued interest payable	1,023	3,310
Derivative liabilities
Reported Value Measurement [Member]
Assets:
Cash and cash equivalents	53,458	28,840
Securities held-to-maturity	217,632	223,370
Securities available-for-sale, at fair value	135,089	137,115
Marketable equity securities	233	196
FHLB and other restricted stock	7,143	3,707
Loans - net	2,006,782	2,007,050
Accrued interest receivable	8,737	8,528
Mortgage servicing rights	377	422
Derivative asset	6,494	5,890
Liabilities:
Deposits	2,171,809	2,143,744
Short-term borrowings	6,570	16,100
Long-term debt	128,277	120,646
Subordinated debt	19,731	19,712
Accrued interest payable	1,023	3,310
Derivative liabilities	$ 5,922	$ 5,239