Western New England Bancorp (WNEB) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
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		21,018,408

CONSOLIDATED BALANCE SHEETS - U

CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 28,612	$ 20,784
Federal funds sold	12,559	2,991
Interest-bearing deposits and other short-term investments	31,631	5,065
Total cash and cash equivalents	72,802	28,840
Securities available-for-sale, at fair value	155,889	137,115
Securities held-to-maturity, at amortized cost (Fair value of $182,548 at September 30, 2024 and $187,692 at December 31, 2023)	213,266	223,370
Marketable equity securities, at fair value	252	196
Total investment securities	369,407	360,681
Federal Home Loan Bank stock and other restricted stock, at amortized cost	7,143	3,707
Total Loans	2,049,002	2,027,317
Less: Allowance for credit losses	(19,955)	(20,267)
Net loans	2,029,047	2,007,050
Premises and equipment, net	24,249	25,575
Accrued interest receivable	8,653	8,528
Bank-owned life insurance	76,570	75,145
Deferred tax asset, net	12,481	13,636
Goodwill	12,487	12,487
Core deposit intangible	1,531	1,813
Other assets	26,109	27,109
TOTAL ASSETS	2,640,479	2,564,571
Deposits:
Non-interest-bearing deposits	568,685	579,594
Interest-bearing deposits	1,655,521	1,564,150
Total deposits	2,224,206	2,143,744
Borrowings:
Short-term borrowings	4,390	16,100
Long-term debt	128,277	120,646
Subordinated debt	19,741	19,712
Total borrowings	152,408	156,458
Other liabilities	23,210	26,960
TOTAL LIABILITIES	2,399,824	2,327,162
SHAREHOLDERS’ EQUITY:
Preferred stock - $0.01 par value, 5,000,000 shares authorized, none outstanding at September 30, 2024 and December 31, 2023
Common stock - $0.01 par value, 75,000,000 shares authorized, 21,113,408 shares issued and outstanding at September 30, 2024; 21,666,807 shares issued and outstanding at December 31, 2023	211	217
Additional paid-in capital	121,428	125,448
Unearned compensation – Employee Stock Ownership Plan (“ESOP”)	(2,028)	(2,394)
Unearned compensation - Equity Incentive Plan	(1,513)	(1,111)
Retained earnings	140,902	136,993
Accumulated other comprehensive loss	(18,345)	(21,744)
TOTAL SHAREHOLDERS’ EQUITY	240,655	237,409
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,640,479	$ 2,564,571

CONSOLIDATED BALANCE SHEETS -_2

CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Held-to-maturity securities, fair value	$ 182,548	$ 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	21,113,408	21,666,807
Common stock, outstanding	21,113,408	21,666,807

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest and dividend income:
Residential and commercial real estate loans	$ 21,719	$ 20,084	$ 63,622	$ 57,439
Commercial and industrial loans	3,334	3,279	9,849	9,545
Consumer loans	81	88	244	246
Total interest income from loans	25,134	23,451	73,715	67,230
Investment securities, taxable	2,119	2,031	6,371	6,151
Investment securities, tax-exempt	1	2	3	6
Marketable equity securities	1		2	119
Total interest and dividend income from investment securities	2,121	2,033	6,376	6,276
Other investments	189	166	473	418
Short-term investments	396	251	682	424
Total interest income from cash and cash equivalents	585	417	1,155	842
Total interest and dividend income	27,840	25,901	81,246	74,348
Interest expense:
Deposits	11,165	7,704	30,793	17,876
Short-term borrowings	71	117	540	1,466
Long-term debt	1,622	1,444	4,607	2,513
Subordinated debt	254	253	762	760
Total interest expense	13,112	9,518	36,702	22,615
Net interest and dividend income	14,728	16,383	44,544	51,733
Provision for credit losses	941	354	97	386
Net interest and dividend income after provision for credit losses	13,787	16,029	44,447	51,347
Non-interest income:
Service charges and fees	2,341	2,145	6,901	6,573
Income from bank-owned life insurance	470	454	1,425	1,388
Net unrealized gain on marketable equity securities	10		22
Gain on sale of mortgages	246		246
Loss on sale of premises and equipment		(3)	(6)	(3)
Gain on non-marketable equity investments		238	987	590
Gain on bank-owned life insurance death benefit		778		778
Loss on defined benefit plan termination				(1,143)
Other income	74		74
Total non-interest income	3,141	3,612	9,649	8,183
Non-interest expense:
Salaries and employees benefits	8,112	7,955	24,257	24,475
Occupancy	1,217	1,159	3,798	3,710
Furniture and equipment	483	482	1,450	1,460
Data processing	869	824	2,577	2,369
Software	612	529	1,877	1,568
Debit card and ATM processing expense	649	562	1,844	1,580
Professional fees	540	643	1,690	2,203
FDIC insurance assessment	338	341	1,071	983
Advertising	271	362	959	1,118
Other expenses	1,315	1,261	3,979	4,099
Total non-interest expense	14,406	14,118	43,502	43,565
Income before income taxes	2,522	5,523	10,594	15,965
Income tax provision	618	1,033	2,216	3,408
Net income	$ 1,904	$ 4,490	$ 8,378	$ 12,557
Earnings per common share:
Basic earnings per share	$ 0.09	$ 0.21	$ 0.40	$ 0.58
Weighted average basic shares outstanding	20,804,162	21,560,940	21,013,003	21,631,067
Diluted earnings per share	$ 0.09	$ 0.21	$ 0.40	$ 0.58
Weighted average diluted shares outstanding	20,933,833	21,680,113	21,122,208	21,681,251
Dividends per share	$ 0.07	$ 0.07	$ 0.21	$ 0.21

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net income		$ 1,904	$ 4,490	$ 8,378	$ 12,557
Securities available-for-sale:
Unrealized gain (loss)		7,103	(7,314)	4,554	(6,329)
Tax effect		(1,811)	1,852	(1,155)	1,605
Net-of-tax amount		5,292	(5,462)	3,399	(4,724)
Defined benefit pension plan:
Gain arising during the period					358
Reclassification adjustment:
Defined benefit plan termination loss realized in income	[1]				1,143
Unrealized actuarial gain on defined benefit plan					1,501
Tax effect					(421)
Net-of-tax amount					1,080
Other comprehensive gain (loss)		5,292	(5,462)	3,399	(3,644)
Comprehensive income (loss)		$ 7,196	$ (972)	$ 11,777	$ 8,913
[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) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Income Statement [Abstract]
Tax effects associated with reclassification adjustment	$ 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 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								12,557
Comprehensive loss								(3,644)
Ending balance, value at Sep. 30, 2023		$ 219	127,376	(2,522)	(1,439)	135,966	(28,686)	230,914
Ending balance, shares at Sep. 30, 2023		21,927,242
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 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
Net income						4,490		4,490
Comprehensive loss							(5,462)	(5,462)
Common stock held by ESOP committed to be released			(10)	128				118
Share-based compensation - equity incentive plan					300			300
Repurchase of common stock		$ (2)	(1,007)					(1,009)
Repurchase of common stock, shares		(155,161)
Cash dividends declared and paid on common stock ($0.07 per share)						(1,521)		(1,521)
Ending balance, value at Sep. 30, 2023		$ 219	127,376	(2,522)	(1,439)	135,966	(28,686)	230,914
Ending balance, shares at Sep. 30, 2023		21,927,242
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 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								8,378
Comprehensive loss								3,399
Ending balance, value at Sep. 30, 2024		$ 211	121,428	(2,028)	(1,513)	140,902	(18,345)	240,655
Ending balance, shares at Sep. 30, 2024		21,113,408
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 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
Net income						1,904		1,904
Comprehensive loss							5,292	5,292
Common stock held by ESOP committed to be released			8	122				130
Share-based compensation - equity incentive plan					323			323
Repurchase of common stock		$ (3)	(1,997)					(2,000)
Repurchase of common stock, shares		(244,441)
Cash dividends declared and paid on common stock ($0.07 per share)						(1,471)		(1,471)
Ending balance, value at Sep. 30, 2024		$ 211	$ 121,428	$ (2,028)	$ (1,513)	$ 140,902	$ (18,345)	$ 240,655
Ending balance, shares at Sep. 30, 2024		21,113,408
[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
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Common stock held by ESOP committed to be released (shares)	71,240	71,240	71,240	74,993	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	$ 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	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 8,378	$ 12,557
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision for credit losses	97	386
Depreciation and amortization of premises and equipment	1,659	1,645
(Accretion) amortization of purchase accounting adjustments, net	(34)	88
Amortization of core deposit intangible	282	282
Net amortization of premiums and discounts on securities and mortgage loans	877	962
Net amortization of deferred costs on mortgage loans	343	367
Net amortization of premiums on subordinated debt	29	29
Share-based compensation expense	1,146	1,129
ESOP expense	413	448
Gain on sale of portfolio mortgages	(246)
Net change in unrealized gains on marketable equity securities	(22)
Loss on disposal of premises and equipment, net	6	3
Gain on bank-owned life insurance death benefit		(778)
Income from bank-owned life insurance	(1,425)	(1,388)
Net change in:
Accrued interest receivable	(125)	(141)
Other assets	504	(4,293)
Other liabilities	(5,767)	(5,385)
Net cash provided by operating activities	6,115	5,911
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of securities held-to-maturity	(1,100)	(3,643)
Proceeds from calls, maturities, and principal collections of securities held-to-maturity	10,896	10,692
Purchases of securities available-for-sale	(23,843)
Proceeds from calls, maturities, and principal collections of securities available-for-sale	11,542	9,326
Proceeds from redemption and sales of marketable equity securities		6,237
Loan originations and principal payments, net	(42,469)	(24,190)
Proceeds from sale of portfolio residential real estate loans	20,333
(Purchase) redemption of Federal Home Loan Bank of Boston stock	(3,436)	289
Purchases of premises and equipment	(381)	(1,509)
Proceeds from sale of premises & equipment	12	18
Proceeds from payout on bank-owned life insurance		2,079
Net cash used in investing activities	(28,446)	(701)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	80,462	(53,140)
Decrease in short-term borrowings	(11,710)	(32,460)
Repayment of long-term debt	(90,369)
Proceeds from issuance of long-term debt	98,000	120,000
Cash dividends paid	(4,469)	(4,582)
Repurchase of common stock	(5,621)	(3,103)
Net cash provided by financing activities	66,293	26,715
NET CHANGE IN CASH AND CASH EQUIVALENTS:	43,962	31,925
Beginning of period	28,840	30,342
End of period	72,802	62,267
Supplemental cash flow information:
Net change in cash due to broker for common stock repurchased	2,513	2,253
Interest paid	39,051	20,671
Taxes paid	$ 2,599	$ 3,717

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ 1,904	$ 3,513	$ 2,961	$ 4,490	$ 2,763	$ 5,304	$ 8,378	$ 12,557

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2024
Earnings per common share:
EARNINGS PER SHARE	2. EARNINGS PER SHARE 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 nine months ended September 30, 2024 and 2023, respectively. Earnings per common share for the three and nine months ended September 30, 2024 and 2023 have been computed based on the following: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except per share data) Net income applicable to common stock $ 1,904 $ 4,490 $ 8,378 $ 12,557 Average number of common shares issued 21,246 22,055 21,466 22,140 Less: Average unallocated ESOP Shares (256 ) (329 ) (273 ) (347 ) Less: Average unvested performance-based equity incentive plan shares (186 ) (165 ) (180 ) (162 ) Average number of common shares outstanding used to calculate basic earnings per common share 20,804 21,561 21,013 21,631 Effect of dilutive performance-based equity incentive plan 130 119 109 50 Average number of common shares outstanding used to calculate diluted earnings per common share 20,934 21,680 21,122 21,681 Net income per common share: Basic earnings per common share $ 0.09 $ 0.21 $ 0.40 $ 0.58 Diluted earnings per common share $ 0.09 $ 0.21 $ 0.40 $ 0.58

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 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: September 30, 2024 December 31, 2023 (Dollars in thousands) Net unrealized losses on securities available-for-sale $ (24,612 ) $ (29,166 ) Tax effect 6,267 7,422 Net-of-tax amount (18,345 ) (21,744 ) Accumulated other comprehensive loss $ (18,345 ) $ (21,744 )

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023 September 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 $ 17,459 $ 4 $ (2,477 ) $ 14,986 Corporate bonds 5,000 — (419 ) 4,581 Total debt securities 22,459 4 (2,896 ) 19,567 Mortgage-backed securities: Government-sponsored mortgage-backed securities 151,735 156 (20,758 ) 131,133 U.S. government guaranteed mortgage-backed securities 6,307 — (1,118 ) 5,189 Total mortgage-backed securities 158,042 156 (21,876 ) 136,322 Total securities available-for-sale 180,501 160 (24,772 ) 155,889 Securities held-to-maturity: Debt securities: U.S. Treasury securities 10,001 — (272 ) 9,729 U.S. government guaranteed obligations 1,077 2 — 1,079 Total debt securities 11,078 2 (272 ) 10,808 Mortgage-backed securities: Government-sponsored mortgage-backed securities 202,188 192 (30,640 ) 171,740 Total mortgage-backed securities 202,188 192 (30,640 ) 171,740 Total securities held-to-maturity 213,266 194 (30,912 ) 182,548 Total $ 393,767 $ 354 $ (55,684 ) $ 338,437 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 Nine Months Ended September 30, 2024 2023 (Dollars in thousands) Net gains recognized during the period on marketable equity securities $ 22 $ — Unrealized gains recognized during the period on marketable equity securities still held at end of period $ 22 $ — 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 September 30, 2024. All securities are performing at September 30, 2024. At September 30, 2024, U.S. Treasury securities with a fair value of $ 9.7 8.2 169.7 The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 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 $ — $ — $ 4,999 $ 4,975 Due after one year through five years — — 5,002 4,754 Due after five years through ten years 22,459 19,567 — — Due after ten years — — 1,077 1,079 Total debt securities 22,459 19,567 11,078 10,808 Mortgage-backed securities: Due after one year through five years 883 857 — — Due after five years through ten years 739 689 2,702 2,597 Due after ten years 156,420 134,776 199,486 169,143 Total mortgage-backed securities 158,042 136,322 202,188 171,740 Total securities $ 180,501 $ 155,889 $ 213,266 $ 182,548 There were no sales of securities available-for-sale for the three and nine months ended September 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 $418,000 $333,000 $51,000 $178,000 At September 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 September 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 $466,000 $454,000 At September 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, segregated by the duration of their continuous unrealized loss positions at September 30, 2024 and December 31, 2023: September 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 3 $ 9,412 $ 88 0.9 % 70 $ 107,691 $ 20,670 16.1 % U.S. government guaranteed mortgage-backed securities — — — — 9 5,189 1,118 17.7 Government-sponsored enterprise obligations 1 1,026 1 0.1 3 12,456 2,476 16.6 Corporate bonds — — — — 2 4,581 419 8.4 Total securities available-for-sale 4 10,438 89 84 129,917 24,683 Securities held-to-maturity: U.S. Treasury securities — — — — % 2 9,729 272 2.7 % Government-sponsored mortgage-backed securities — — — — 37 160,477 30,640 16.0 Total securities held-to-maturity — — — 39 170,206 30,912 Total securities 4 $ 10,438 $ 89 123 $ 300,123 $ 55,595 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 September 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 September 30, 2024, the Company reported unrealized losses on the securities available-for-sale portfolio of $ 24.8 13.7% $29.2 17.5% 88 85 At September 30, 2024, the Company reported unrealized losses on the securities held-to-maturity portfolio of $ 30.9 15.2% 35.7 16.0% 39 42

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES	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: September 30, 2024 December 31, 2023 (Dollars in thousands) Commercial real estate: Non-owner occupied $ 878,265 $ 881,643 Owner-occupied 204,524 198,108 Total commercial real estate 1,082,789 1,079,751 Residential real estate: Residential one-to-four family 631,649 612,315 Home equity 116,923 109,839 Total residential real estate 748,572 722,154 Commercial and industrial 210,390 217,447 Consumer 4,631 5,472 Total gross loans 2,046,382 2,024,824 Plus: Unearned premiums and deferred loan fees and costs, net 2,620 2,493 Less: Allowance for credit losses (19,955 ) (20,267 ) Net loans $ 2,029,047 $ 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. At September 30, 2024 and December 31, 2023, the carrying value of eligible loans pledged as collateral to support borrowing capacity at the FHLB were $ 912.9 941.2 128.3 40.6 At September 30, 2024, the carrying value of eligible loans pledged as collateral to support borrowing capacity at the Federal Reserve Bank (“FRB”) was $ 402.1 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 September 30, 2024 and December 31, 2023, the Company was servicing commercial loans participated out to various other institutions totaling $ 66.1 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 September 30, 2024, include weighted average prepayment speed for the portfolio using the Public Securities Association Standard Prepayment Model ( 226 10.01 0.25 82.93 20.1 $246,000 At September 30, 2024 and December 31, 2023, the Company was servicing residential mortgage loans owned by investors totaling $ 85.7 72.7 249,000 144,000 A summary of the activity in the balances of mortgage servicing rights follows: Three Months Ended Nine Months Ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 (Dollars in thousands) Balance at the beginning of period: $ 377 $ 480 $ 422 $ 550 Capitalized mortgage servicing rights 114 — 114 — Amortization (25 ) (35 ) (70 ) (105 ) Balance at the end of period $ 466 $ 445 $ 466 $ 445 Fair value at the end of period $ 744 $ 745 $ 744 $ 745 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 $ 7.6 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 Allowance for Credit Losses Methodology 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 discounted cash flow (“DCF”) model calculates an expected loss percentage for each loan class by considering the probability of default, using life-of-loan analysis periods for the commercial and industrial, commercial real estate, residential real estate loan segments, and the historical severity of loss, based on the aggregate net lifetime losses incurred per loan class. The expected loss estimates for the consumer loan are based on historical loss rates using the remaining life method. 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 for loans and off-balance sheet commitments by segment for the three and nine months ended September 30, 2024 and September 30, 2023 is as follows: Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Allowance for credit losses Balance at June 30, 2024 $ 14,331 $ 2,444 $ 2,552 $ 117 $ — $ 19,444 Provision for (reversal of) credit losses (65 ) 733 (208 ) 149 — 609 Charge-offs (46 ) (158 ) — (65 ) — (269 ) Recoveries — 19 123 29 — 171 Balance at September 30, 2024 $ 14,220 $ 3,038 $ 2,467 $ 230 $ — $ 19,955 Balance at June 30, 2023 $ 15,752 $ 2,356 $ 1,487 $ 52 $ — $ 19,647 Provision for (reversal of) credit losses (188 ) 31 551 15 — 409 Charge-offs — — (147 ) (46 ) — (193 ) Recoveries 9 2 77 27 — 115 Balance at September 30, 2023 $ 15,573 $ 2,389 $ 1,968 $ 48 $ — $ 19,978 Allowance for credit losses for off-balance sheet exposures Balance at June 30, 2024 $ 361 $ 225 $ 47 $ — $ — $ 633 Provision for (reversal of) credit losses 283 44 5 — — 332 Balance at September 30, 2024 $ 644 $ 269 $ 52 $ — $ — $ 965 Balance at June 30, 2023 $ 395 $ 163 $ 33 $ — $ — $ 591 Reversal of credit losses (79 ) 4 20 — — (55 ) Balance at September 30, 2023 $ 316 $ 167 $ 53 $ — $ — $ 536 Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Allowance for credit losses Balance at December 31, 2023 $ 15,141 $ 2,548 $ 2,537 $ 41 $ — $ 20,267 Provision for (reversal of) for credit losses (903 ) 624 (275 ) 283 — (271 ) Charge-offs (46 ) (165 ) (1 ) (174 ) — (386 ) Recoveries 28 31 206 80 — 345 Balance at September 30, 2024 $ 14,220 $ 3,038 $ 2,467 $ 230 $ — $ 19,955 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 (211 ) 570 348 61 — 768 Charge-offs (414 ) — (1,561 ) (116 ) — (2,091 ) Recoveries 10 25 96 57 188 Balance at September 30, 2023 $ 15,573 $ 2,389 $ 1,968 $ 48 $ — $ 19,978 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 269 106 (7 ) — — 368 Balance at September 30, 2024 $ 644 $ 269 $ 52 $ — $ — $ 965 Balance at December 31, 2022 $ — $ — $ — $ — $ — $ — Cumulative effect of change in accounting principle 611 267 40 — — 918 Reversal of credit losses (295 ) (100 ) 13 — — (382 ) Balance at September 30, 2023 $ 316 $ 167 $ 53 $ — $ — $ 536 During the three months ended September 30, 2024, the Company recorded a provision for credit losses of $941,000 $294,000 during the three months ended June 30, 2024. The provision for credit losses includes a provision for credit losses on loans of $609,000 332,000 . The increase in the provision for credit losses on loans was due to changes in the economic environment and related adjustments to the quantitative components of the CECL methodology as well as growth in the loan portfolio. The provision for 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. The increase in reserves on unfunded loan commitments was due to an increase in commercial real estate unfunded loan commitments of $ 33.5 million, or 20.7 %, from $ 161.8 million at June 30, 2024 to $ 195.3 million at September 30, 2024. 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. During the three months ended September 30, 2023, the Company recorded a provision for credit losses of $ 354,000 409,000 55,000 During the nine months ended September 30, 2024, the Company recorded a provision for credit losses of $ 97,000 386,000 97,000 $271,000 368,000 During the nine months ended September 30, 2023, the Company recorded a provision for credit losses of $ 386,000 768,000 382,000 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 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Total Current Loans Total Loans Nonaccrual Loans (Dollars in thousands) September 30, 2024 Commercial real estate: Non-owner occupied $ 171 $ — $ — $ 171 $ 878,094 $ 878,265 $ 179 Owner-occupied — — — — 204,524 204,524 19 Total: 171 — — 171 1,082,618 1,082,789 198 Residential real estate: Residential one-to-four family 1,939 626 905 3,470 628,179 631,649 4,076 Home equity 235 84 340 659 116,264 116,923 419 Total: 2,174 710 1,245 4,129 744,443 748,572 4,495 Commercial and industrial 1 — 8 9 210,381 210,390 175 Consumer 3 — — 3 4,628 4,631 5 Total loans $ 2,349 $ 710 $ 1,253 $ 4,312 $ 2,042,070 $ 2,046,382 $ 4,873 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Total Current Loans Total Loans Nonaccrual Loans (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 September 30, 2024 and December 31, 2023, total past due loans totaled $ 4.3 0.21 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 September 30, 2024 and December 31, 2023 As of September 30, 2024 For the Three Months Ended September 30, 2024 For the Nine Months Ended September 30, 2024 Nonaccrual Loans with Allowance for Credit Loss Nonaccrual Loans Without Allowance for Credit Loss Total Nonaccrual Loans Accrued Interest Receivable Reversed from Income (Dollars in thousands) Commercial real estate: Non-owner occupied $ — $ 179 $ 179 $ 8 $ 26 Owner-occupied — 19 19 — — Total — 198 198 8 26 Residential real estate: Residential one-to-four family — 4,076 4,076 57 145 Home equity — 419 419 11 22 Total 4,495 4,495 68 167 Commercial and industrial — 175 175 39 117 Consumer — 5 5 — — Total loans $ — $ 4,873 $ 4,873 $ 115 $ 310 As of December 31, 2023 For the Three Months Ended September 30, 2023 For the Nine Months Ended September 30, 2023 Nonaccrual Loans with Allowance for Credit Loss Nonaccrual Loans Without Allowance for Credit Loss Total Nonaccrual Loans Accrued Interest Receivable Reversed from Income (Dollars in thousands) Commercial real estate: Non-owner occupied $ — $ 1,107 $ 1,107 $ 28 $ 68 Owner-occupied — 240 240 7 17 Total — 1,347 1,347 35 85 Residential real estate: Residential one-to-four family — 4,739 4,739 50 131 Home equity — 109 109 4 9 Total 4,848 4,848 54 140 Commercial and industrial — 218 218 52 131 Consumer — 8 8 — — Total loans $ — $ 6,421 $ 6,421 $ 141 $ 356 At September 30, 2024 and December 31, 2023, nonaccrual loans totaled $ 4.9 0.24 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 September 30, 2024, the Company had $779,000 $13.6 The following table summarizes the Company’s individually evaluated collateral dependent loans by class as of the dates indicated As of September 30, 2024 Recorded Investment Related Allowance (Dollars in thousands) With no related allowance recorded: Commercial real estate: Non-owner occupied $ 7,370 $ — Owner-occupied 1,313 — Total 8,683 — Residential real estate: Residential one-to-four family 4,541 — Home equity 419 — Total 4,960 Commercial and industrial 277 — Consumer — — Loans with no related allowance recorded $ 13,920 $ — 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 502 163 Consumer — — Loans with an allowance recorded $ 502 $ 163 Total individually evaluated loans $ 14,422 $ 163 As of December 31, 2023 Recorded Investment Related Allowance (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 nine months ended September 30, 2024 and for the year ended December 31, 2023. During the nine months ended September 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 nine months ended September 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 September 30, 2024 and December 31, 2023 Term Loan Origination by Year Revolving Loans Year-to-Date September 30, 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (Dollars in thousands) Commercial Real Estate: Pass (Rated 1- 4) $ 25,387 $ 45,728 $ 173,755 $ 243,625 $ 109,130 $ 374,875 $ 88,405 $ — $ 1,060,905 Special Mention (Rated 5) — — — — — 10,640 134 — 10,774 Substandard (Rated 6) — — — — 8,277 2,833 — — 11,110 Total commercial real estate loans $ 25,387 $ 45,728 $ 173,755 $ 243,625 $ 117,407 $ 388,348 $ 88,539 $ — $ 1,082,789 Current period gross charge-offs $ — $ — $ — $ — $ — $ 46 $ — $ — $ 46 Payment Performance: Performing $ 25,387 $ 45,728 $ 173,755 $ 243,625 $ 117,407 $ 388,150 $ 88,539 $ — $ 1,082,591 Nonperforming — — — — — 198 — — 198 Residential One-to-Four Family: Pass $ 47,309 $ 60,387 $ 89,741 $ 90,587 $ 120,601 $ 212,212 $ 5,496 $ — $ 626,333 Substandard — — 612 361 860 3,483 — — 5,316 Total residential one-to-four family $ 47,309 $ 60,387 $ 90,353 $ 90,948 $ 121,461 $ 215,695 $ 5,496 $ — $ 631,649 Current period gross charge-offs $ — $ — $ — $ — $ — $ 59 $ — $ — $ 59 Payment Performance: Performing $ 47,309 $ 60,387 $ 89,741 $ 90,587 $ 120,970 $ 213,083 $ 5,496 $ — $ 627,573 Nonperforming — — 612 361 491 2,612 — — 4,076 Home Equity: Pass $ 6,908 $ 9,024 $ 9,555 $ 6,001 $ 6,493 $ 10,645 $ 65,132 $ 2,746 $ 116,504 Substandard — — 92 — — — 319 8 419 Total home equity loans $ 6,908 $ 9,024 $ 9,647 $ 6,001 $ 6,493 $ 10,645 $ 65,451 $ 2,754 $ 116,923 Current period gross charge-offs $ — $ — $ — $ — $ — $ 7 $ — $ 99 $ 106 Payment Performance: Performing $ 6,908 $ 9,024 $ 9,555 $ 6,001 $ 6,493 $ 10,645 $ 65,132 $ 2,746 $ 116,504 Nonperforming — — 92 — — — 319 8 419 Term Loans Originated by Year Revolving Loans Year-to-Date September 30, 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (Dollars in thousands) Commercial and Industrial: Pass (Rated 1- 4) $ 21,747 $ 19,818 $ 30,344 $ 28,331 $ 15,763 $ 23,559 $ 55,226 $ 65 $ 194,853 Special Mention (Rated 5) — 6,027 606 137 — 1,403 2,357 — 10,530 Substandard (Rated 6) — — — — 427 462 4,118 — 5,007 Total commercial and industrial loans $ 21,747 $ 25,845 $ 30,950 $ 28,468 $ 16,190 $ 25,424 $ 61,701 $ 65 $ 210,390 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ 1 $ 1 Payment Performance: Performing $ 21,747 $ 25,845 $ 30,950 $ 28,468 $ 16,190 $ 25,419 $ 61,531 $ 65 $ 210,215 Nonperforming — — — — — 6 169 — 175 Consumer: Pass $ 746 $ 1,539 $ 959 $ 327 $ 77 $ 159 $ 819 $ — $ 4,626 Substandard — — — — — 5 — — 5 Total consumer loans $ 746 $ 1,539 $ 959 $ 327 $ 77 $ 164 $ 819 $ — $ 4,631 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ 174 $ 174 Payment Performance: Performing $ 746 $ 1,539 $ 959 $ 327 $ 77 $ 159 $ 819 $ — $ 4,626 Nonperforming — — — — — 5 — — 5 Term Loan Origination by Year Revolving Loans 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Loans 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: Perform

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	6. GOODWILL AND OTHER INTANGIBLES Goodwill At September 30, 2024 and December 31, 2023, the carrying value of the Company’s goodwill was $ 12.5 For a period during the year ended December 31, 2023, the carrying value of the Company’s equity exceeded its market capitalization due to events affecting the banking industry, specifically three large bank failures as well as the continued impact of higher interest rates, which resulted in declines in bank stock prices. Therefore, the Company completed a fair value analysis to assess potential impairment and any necessary write-down of the carrying value of goodwill. Management used valuation multiples from recent comparable whole bank merger and acquisition transactions to determine the estimated fair value of the Company. Based on the results of this analysis, management determined that the fair value of the Company exceeded the carrying value of the reporting unit, and as a result, goodwill was not impaired at December 31, 2023. Core Deposit Intangibles In connection with the acquisition of Chicopee Bancorp, Inc., the Company recorded a core deposit intangible of $ 4.5 twelve years 94,000 282,000 375,000 31,000

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 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 2021 Long-Term Incentive Plan In May 2021, the Committee granted 122,362 122,362 61,181 50 three-year 61,181 50 The Committee selected Return on Average Equity (“ROE”) and Three-Year Cumulative Diluted Earnings per Share (“EPS”) as the primary performance metrics for the 2021 LTI Plan. Each of these two measures were independently assigned a 50 three-year 50 150 The Threshold, Target and Stretch metrics under the 2021 LTI Plan are as follows ROE 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 % EPS Metrics Performance Period Ending Threshold Target Stretch Three-Year Cumulative Diluted EPS $ 1.58 $ 1.97 $ 2.36 At December 31, 2023, the three-year performance period for the 2021 LTI Plan ended. The 2021 LTI Plan included a “catch-up” provision allowing unearned performance-based restricted shares from the 2021 and 2022 performance periods to be earned at the end of the three-year period based on the ROE and EPS for the final year. At December 31, 2023, the Company achieved Stretch, and granted 69,376 2022 Long-Term Incentive Plan In March 2022, the Committee granted 119,376 119,376 59,688 50 three-year 59,688 50 The Committee selected ROE and EPS as the primary performance metrics for the 2022 LTI Plan. Each of these two measures were independently assigned a 50 50 150 The Threshold, Target and Stretch metrics under the 2022 LTI Plan are as follows: ROE 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 % EPS Metrics Performance Period Ending Threshold Target Stretch Three-Year Cumulative Diluted EPS $ 2.35 $ 2.61 $ 2.85 2022 Annual Equity Retainer In March 2022, under the Company’s 2021 Omnibus Plan, each non-employee director received an annual equity retainer of 1,975 17,775 2023 Long-Term Incentive Plan In March 2023, the Committee granted 120,998 120,998 60,499 50 three-year 60,499 50 The Committee selected ROE and EPS as the primary performance metrics for the 2023 LTI Plan. Each of these two measures were independently assigned a 50 50 150 The Threshold, Target and Stretch metrics under the 2023 LTI Plan are as follows ROE 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 % EPS Metrics Performance Period Ending Threshold Target Stretch Three-Year Cumulative Diluted EPS $ 2.39 $ 2.65 $ 2.89 2023 Annual Equity Retainer In March 2023, under the Company’s 2021 Omnibus Plan, each non-employee director received an annual equity retainer of 2,022 18,198 2024 Long-Term Incentive Plan In March 2024, the Committee granted 146,422 146,422 73,211 50 73,211 50 The Committee selected ROE and EPS as the primary performance metrics for the 2024 LTI Plan. Each of these two measures were independently assigned a 50 50 150 The Threshold, Target and Stretch metrics under the 2024 LTI Plan are as follows ROE 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 % EPS Metrics Performance Period Ending Threshold Target Stretch Three-Year Cumulative Diluted EPS $ 2.25 $ 2.50 $ 2.75 2024 Annual Equity Retainer In March 2024, under the Company’s 2021 Omnibus Plan, each non-employee director received an annual equity retainer of 2,384 21,456 19,072 At September 30, 2024, there were 123,587 A summary of the status of unvested restricted stock awards at September 30, 2024 and 2023 is presented below: Shares Weighted Average Grant Date Fair Value ($) Balance at December 31, 2023 220,635 9.29 Shares granted 187,049 8.38 Shares forfeited (2,384 ) 8.39 Shares vested (69,376 ) 8.34 Balance at September 30, 2024 335,924 8.98 Shares Weighted Average Grant Date Fair Value ($) Balance at December 31, 2022 206,092 8.85 Shares granted 158,957 9.79 Shares vested (66,817 ) 9.07 Balance at September 30, 2023 298,232 9.30 The Company recorded total expense for restricted stock awards of $ 1.1

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	9 Months Ended
	Sep. 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 September 30, 2024, FHLB advances, consisting of short-term and long-term advances, totaled $ 128.3 4.95 40.6 4.99 912.9 442.5 9.5 Other borrowings, held as collateral for customer swap arrangements, totaled $ 4.4 4.83 6.1 5.33 As a member of the FRB, the Company may also borrow from the Federal Reserve Bank Discount Window (the “Discount Window”). At September 30, 2024, the Company pledged $ 402.1 404.9 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: September 30, 2024 December 31, 2023 Outstanding Balance Weighted Average Rate Outstanding Balance Weighted Average Rate (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 4,390 4.83 6,100 5.33 Total $ 132,667 4.94 % $ 136,746 4.82 % (1) Short-term advances are defined as having maturities of less than 12 months.

SUBORDINATED DEBT

SUBORDINATED DEBT	9 Months Ended
	Sep. 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 $ 259,000 $29,000

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 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 September 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 Hedging Adjustments Included in the Carrying Amount of Hedged Assets/(Liabilities) At September 30, 2024 At December 31, 2023 At September 30, 2024 At December 31, 2023 (Dollars in thousands) Loans $ 199,927 $ 199,393 $ (73 ) $ (607 ) Total $ 199,927 $ 199,393 $ (73 ) $ (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 September 30, 2024, the amortized cost basis of the closed portfolios used in these hedging relationships was $ 437.2 71,000 200 $461.2 607,000 200 0.1 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 September 30, 2024 and December 31, 2023 September 30, 2024 Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value (Dollars in thousands) Hedging Derivatives Interest rate swaps - fair value hedges $ 71 $ — Derivatives not designated as hedging instruments: Interest rate swap – with customer counterparties — 4,372 Interest rate swap – with dealer counterparties 4,372 — Total derivatives Other Assets $ 4,443 Other Liabilities $ 4,372 December 31, 2023 Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location 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 September 30, 2024 and September 30, 2023. Location and Amount of Gain (Loss) Recognized in Income on Fair Value Hedging Relationships Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 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 $ 434 $ 406 $ 1,324 $ 627 Gain (loss) on fair value hedging relationships Interest rate contracts: Hedged items $ (1 ) $ (104 ) $ (10 ) $ (1,763 ) Derivatives designated as hedging instruments 435 510 1,334 2,390 There were no gains or losses recognized in accumulated other comprehensive income during the nine months ended September 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 September 30, 2024, we had minimum collateral posting thresholds with certain of our derivative counterparties. As of September 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	9 Months Ended
	Sep. 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: September 30, 2024 Level 1 Level 2 Level 3 Total Assets: (Dollars in thousands) Available-for-sale securities $ — $ 155,889 $ — $ 155,889 Marketable equity securities 252 — — 252 Interest rate swaps — 4,443 — 4,443 Total assets $ 252 $ 160,332 $ — $ 160,584 Liabilities: Interest rate swaps $ — $ 4,372 $ — $ 4,372 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 September 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. The following tables summarize the fair value hierarchy used to determine the carrying values of the related assets as of September 30, 2024 and December 31, 2023 Nine Months Ended At September 30, 2024 September 30, 2024 Total Level 1 Level 2 Level 3 Losses (Dollars in thousands) (Dollars in thousands) Collateral dependent loans $ — $ — $ 1 $ 99 Nine Months Ended At December 31, 2023 September 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 September 30, 2024 Carrying Fair Value Level 1 Level 2 Level 3 Total (Dollars in thousands) Assets: Cash and cash equivalents $ 72,802 $ 72,802 $ — $ — $ 72,802 Securities held-to-maturity 213,266 9,729 172,819 — 182,548 Securities available-for-sale 155,889 — 155,889 — 155,889 Marketable equity securities 252 252 — — 252 FHLB and other restricted stock 7,143 — — 7,143 7,143 Loans - net 2,029,047 — — 1,890,012 1,890,012 Accrued interest receivable 8,653 — — 8,653 8,653 Mortgage servicing rights 466 — 744 — 744 Derivative asset 4,443 — 4,443 — 4,443 Liabilities: Deposits 2,224,206 — — 2,223,751 2,223,751 Short-term borrowings 4,390 — 4,390 — 4,390 Long-term debt 128,277 — 130,077 — 130,077 Subordinated debt 19,741 — 16,805 — 16,805 Accrued interest payable 961 — — 961 961 Derivative liabilities 4,372 — 4,372 — 4,372 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	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings per common share:
Earnings per common share for the three and nine months ended September 30, 2024 and 2023 have been computed based on the following:	Earnings per common share for the three and nine months ended September 30, 2024 and 2023 have been computed based on the following: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except per share data) Net income applicable to common stock $ 1,904 $ 4,490 $ 8,378 $ 12,557 Average number of common shares issued 21,246 22,055 21,466 22,140 Less: Average unallocated ESOP Shares (256 ) (329 ) (273 ) (347 ) Less: Average unvested performance-based equity incentive plan shares (186 ) (165 ) (180 ) (162 ) Average number of common shares outstanding used to calculate basic earnings per common share 20,804 21,561 21,013 21,631 Effect of dilutive performance-based equity incentive plan 130 119 109 50 Average number of common shares outstanding used to calculate diluted earnings per common share 20,934 21,680 21,122 21,681 Net income per common share: Basic earnings per common share $ 0.09 $ 0.21 $ 0.40 $ 0.58 Diluted earnings per common share $ 0.09 $ 0.21 $ 0.40 $ 0.58

COMPREHENSIVE INCOME (LOSS) (Ta

COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 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: September 30, 2024 December 31, 2023 (Dollars in thousands) Net unrealized losses on securities available-for-sale $ (24,612 ) $ (29,166 ) Tax effect 6,267 7,422 Net-of-tax amount (18,345 ) (21,744 ) Accumulated other comprehensive loss $ (18,345 ) $ (21,744 )

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 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 September 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 September 30, 2024 and December 31, 2023 September 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 $ 17,459 $ 4 $ (2,477 ) $ 14,986 Corporate bonds 5,000 — (419 ) 4,581 Total debt securities 22,459 4 (2,896 ) 19,567 Mortgage-backed securities: Government-sponsored mortgage-backed securities 151,735 156 (20,758 ) 131,133 U.S. government guaranteed mortgage-backed securities 6,307 — (1,118 ) 5,189 Total mortgage-backed securities 158,042 156 (21,876 ) 136,322 Total securities available-for-sale 180,501 160 (24,772 ) 155,889 Securities held-to-maturity: Debt securities: U.S. Treasury securities 10,001 — (272 ) 9,729 U.S. government guaranteed obligations 1,077 2 — 1,079 Total debt securities 11,078 2 (272 ) 10,808 Mortgage-backed securities: Government-sponsored mortgage-backed securities 202,188 192 (30,640 ) 171,740 Total mortgage-backed securities 202,188 192 (30,640 ) 171,740 Total securities held-to-maturity 213,266 194 (30,912 ) 182,548 Total $ 393,767 $ 354 $ (55,684 ) $ 338,437 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 Nine Months Ended September 30, 2024 2023 (Dollars in thousands) Net gains recognized during the period on marketable equity securities $ 22 $ — Unrealized gains recognized during the period on marketable equity securities still held at end of period $ 22 $ —
The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2024, by final maturity, are shown below.	The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 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 $ — $ — $ 4,999 $ 4,975 Due after one year through five years — — 5,002 4,754 Due after five years through ten years 22,459 19,567 — — Due after ten years — — 1,077 1,079 Total debt securities 22,459 19,567 11,078 10,808 Mortgage-backed securities: Due after one year through five years 883 857 — — Due after five years through ten years 739 689 2,702 2,597 Due after ten years 156,420 134,776 199,486 169,143 Total mortgage-backed securities 158,042 136,322 202,188 171,740 Total securities $ 180,501 $ 155,889 $ 213,266 $ 182,548
The following tables summarize the gross unrealized losses and fair value of the Company’s securities available-for-sale and held-to-maturity, segregated by the duration of their continuous unrealized loss positions at September 30, 2024 and December 31, 2023:	The following tables summarize the gross unrealized losses and fair value of the Company’s securities available-for-sale and held-to-maturity, segregated by the duration of their continuous unrealized loss positions at September 30, 2024 and December 31, 2023: September 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 3 $ 9,412 $ 88 0.9 % 70 $ 107,691 $ 20,670 16.1 % U.S. government guaranteed mortgage-backed securities — — — — 9 5,189 1,118 17.7 Government-sponsored enterprise obligations 1 1,026 1 0.1 3 12,456 2,476 16.6 Corporate bonds — — — — 2 4,581 419 8.4 Total securities available-for-sale 4 10,438 89 84 129,917 24,683 Securities held-to-maturity: U.S. Treasury securities — — — — % 2 9,729 272 2.7 % Government-sponsored mortgage-backed securities — — — — 37 160,477 30,640 16.0 Total securities held-to-maturity — — — 39 170,206 30,912 Total securities 4 $ 10,438 $ 89 123 $ 300,123 $ 55,595 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)	9 Months Ended
	Sep. 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: September 30, 2024 December 31, 2023 (Dollars in thousands) Commercial real estate: Non-owner occupied $ 878,265 $ 881,643 Owner-occupied 204,524 198,108 Total commercial real estate 1,082,789 1,079,751 Residential real estate: Residential one-to-four family 631,649 612,315 Home equity 116,923 109,839 Total residential real estate 748,572 722,154 Commercial and industrial 210,390 217,447 Consumer 4,631 5,472 Total gross loans 2,046,382 2,024,824 Plus: Unearned premiums and deferred loan fees and costs, net 2,620 2,493 Less: Allowance for credit losses (19,955 ) (20,267 ) Net loans $ 2,029,047 $ 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 Nine Months Ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 (Dollars in thousands) Balance at the beginning of period: $ 377 $ 480 $ 422 $ 550 Capitalized mortgage servicing rights 114 — 114 — Amortization (25 ) (35 ) (70 ) (105 ) Balance at the end of period $ 466 $ 445 $ 466 $ 445 Fair value at the end of period $ 744 $ 745 $ 744 $ 745
An analysis of changes in the allowance for credit losses for loans and off-balance sheet commitments by segment for the three and nine months ended September 30, 2024 and September 30, 2023 is as follows:	An analysis of changes in the allowance for credit losses for loans and off-balance sheet commitments by segment for the three and nine months ended September 30, 2024 and September 30, 2023 is as follows: Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Allowance for credit losses Balance at June 30, 2024 $ 14,331 $ 2,444 $ 2,552 $ 117 $ — $ 19,444 Provision for (reversal of) credit losses (65 ) 733 (208 ) 149 — 609 Charge-offs (46 ) (158 ) — (65 ) — (269 ) Recoveries — 19 123 29 — 171 Balance at September 30, 2024 $ 14,220 $ 3,038 $ 2,467 $ 230 $ — $ 19,955 Balance at June 30, 2023 $ 15,752 $ 2,356 $ 1,487 $ 52 $ — $ 19,647 Provision for (reversal of) credit losses (188 ) 31 551 15 — 409 Charge-offs — — (147 ) (46 ) — (193 ) Recoveries 9 2 77 27 — 115 Balance at September 30, 2023 $ 15,573 $ 2,389 $ 1,968 $ 48 $ — $ 19,978 Allowance for credit losses for off-balance sheet exposures Balance at June 30, 2024 $ 361 $ 225 $ 47 $ — $ — $ 633 Provision for (reversal of) credit losses 283 44 5 — — 332 Balance at September 30, 2024 $ 644 $ 269 $ 52 $ — $ — $ 965 Balance at June 30, 2023 $ 395 $ 163 $ 33 $ — $ — $ 591 Reversal of credit losses (79 ) 4 20 — — (55 ) Balance at September 30, 2023 $ 316 $ 167 $ 53 $ — $ — $ 536 Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer Unallocated Total (Dollars in thousands) Allowance for credit losses Balance at December 31, 2023 $ 15,141 $ 2,548 $ 2,537 $ 41 $ — $ 20,267 Provision for (reversal of) for credit losses (903 ) 624 (275 ) 283 — (271 ) Charge-offs (46 ) (165 ) (1 ) (174 ) — (386 ) Recoveries 28 31 206 80 — 345 Balance at September 30, 2024 $ 14,220 $ 3,038 $ 2,467 $ 230 $ — $ 19,955 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 (211 ) 570 348 61 — 768 Charge-offs (414 ) — (1,561 ) (116 ) — (2,091 ) Recoveries 10 25 96 57 188 Balance at September 30, 2023 $ 15,573 $ 2,389 $ 1,968 $ 48 $ — $ 19,978 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 269 106 (7 ) — — 368 Balance at September 30, 2024 $ 644 $ 269 $ 52 $ — $ — $ 965 Balance at December 31, 2022 $ — $ — $ — $ — $ — $ — Cumulative effect of change in accounting principle 611 267 40 — — 918 Reversal of credit losses (295 ) (100 ) 13 — — (382 ) Balance at September 30, 2023 $ 316 $ 167 $ 53 $ — $ — $ 536
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 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Total Current Loans Total Loans Nonaccrual Loans (Dollars in thousands) September 30, 2024 Commercial real estate: Non-owner occupied $ 171 $ — $ — $ 171 $ 878,094 $ 878,265 $ 179 Owner-occupied — — — — 204,524 204,524 19 Total: 171 — — 171 1,082,618 1,082,789 198 Residential real estate: Residential one-to-four family 1,939 626 905 3,470 628,179 631,649 4,076 Home equity 235 84 340 659 116,264 116,923 419 Total: 2,174 710 1,245 4,129 744,443 748,572 4,495 Commercial and industrial 1 — 8 9 210,381 210,390 175 Consumer 3 — — 3 4,628 4,631 5 Total loans $ 2,349 $ 710 $ 1,253 $ 4,312 $ 2,042,070 $ 2,046,382 $ 4,873 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Total Current Loans Total Loans Nonaccrual Loans (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 September 30, 2024 and December 31, 2023	The following table is a summary of the Company’s nonaccrual loans by major categories at September 30, 2024 and December 31, 2023 As of September 30, 2024 For the Three Months Ended September 30, 2024 For the Nine Months Ended September 30, 2024 Nonaccrual Loans with Allowance for Credit Loss Nonaccrual Loans Without Allowance for Credit Loss Total Nonaccrual Loans Accrued Interest Receivable Reversed from Income (Dollars in thousands) Commercial real estate: Non-owner occupied $ — $ 179 $ 179 $ 8 $ 26 Owner-occupied — 19 19 — — Total — 198 198 8 26 Residential real estate: Residential one-to-four family — 4,076 4,076 57 145 Home equity — 419 419 11 22 Total 4,495 4,495 68 167 Commercial and industrial — 175 175 39 117 Consumer — 5 5 — — Total loans $ — $ 4,873 $ 4,873 $ 115 $ 310 As of December 31, 2023 For the Three Months Ended September 30, 2023 For the Nine Months Ended September 30, 2023 Nonaccrual Loans with Allowance for Credit Loss Nonaccrual Loans Without Allowance for Credit Loss Total Nonaccrual Loans Accrued Interest Receivable Reversed from Income (Dollars in thousands) Commercial real estate: Non-owner occupied $ — $ 1,107 $ 1,107 $ 28 $ 68 Owner-occupied — 240 240 7 17 Total — 1,347 1,347 35 85 Residential real estate: Residential one-to-four family — 4,739 4,739 50 131 Home equity — 109 109 4 9 Total 4,848 4,848 54 140 Commercial and industrial — 218 218 52 131 Consumer — 8 8 — — Total loans $ — $ 6,421 $ 6,421 $ 141 $ 356
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 September 30, 2024 Recorded Investment Related Allowance (Dollars in thousands) With no related allowance recorded: Commercial real estate: Non-owner occupied $ 7,370 $ — Owner-occupied 1,313 — Total 8,683 — Residential real estate: Residential one-to-four family 4,541 — Home equity 419 — Total 4,960 Commercial and industrial 277 — Consumer — — Loans with no related allowance recorded $ 13,920 $ — 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 502 163 Consumer — — Loans with an allowance recorded $ 502 $ 163 Total individually evaluated loans $ 14,422 $ 163 As of December 31, 2023 Recorded Investment Related Allowance (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 September 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 September 30, 2024 and December 31, 2023 Term Loan Origination by Year Revolving Loans Year-to-Date September 30, 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (Dollars in thousands) Commercial Real Estate: Pass (Rated 1- 4) $ 25,387 $ 45,728 $ 173,755 $ 243,625 $ 109,130 $ 374,875 $ 88,405 $ — $ 1,060,905 Special Mention (Rated 5) — — — — — 10,640 134 — 10,774 Substandard (Rated 6) — — — — 8,277 2,833 — — 11,110 Total commercial real estate loans $ 25,387 $ 45,728 $ 173,755 $ 243,625 $ 117,407 $ 388,348 $ 88,539 $ — $ 1,082,789 Current period gross charge-offs $ — $ — $ — $ — $ — $ 46 $ — $ — $ 46 Payment Performance: Performing $ 25,387 $ 45,728 $ 173,755 $ 243,625 $ 117,407 $ 388,150 $ 88,539 $ — $ 1,082,591 Nonperforming — — — — — 198 — — 198 Residential One-to-Four Family: Pass $ 47,309 $ 60,387 $ 89,741 $ 90,587 $ 120,601 $ 212,212 $ 5,496 $ — $ 626,333 Substandard — — 612 361 860 3,483 — — 5,316 Total residential one-to-four family $ 47,309 $ 60,387 $ 90,353 $ 90,948 $ 121,461 $ 215,695 $ 5,496 $ — $ 631,649 Current period gross charge-offs $ — $ — $ — $ — $ — $ 59 $ — $ — $ 59 Payment Performance: Performing $ 47,309 $ 60,387 $ 89,741 $ 90,587 $ 120,970 $ 213,083 $ 5,496 $ — $ 627,573 Nonperforming — — 612 361 491 2,612 — — 4,076 Home Equity: Pass $ 6,908 $ 9,024 $ 9,555 $ 6,001 $ 6,493 $ 10,645 $ 65,132 $ 2,746 $ 116,504 Substandard — — 92 — — — 319 8 419 Total home equity loans $ 6,908 $ 9,024 $ 9,647 $ 6,001 $ 6,493 $ 10,645 $ 65,451 $ 2,754 $ 116,923 Current period gross charge-offs $ — $ — $ — $ — $ — $ 7 $ — $ 99 $ 106 Payment Performance: Performing $ 6,908 $ 9,024 $ 9,555 $ 6,001 $ 6,493 $ 10,645 $ 65,132 $ 2,746 $ 116,504 Nonperforming — — 92 — — — 319 8 419 Term Loans Originated by Year Revolving Loans Year-to-Date September 30, 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (Dollars in thousands) Commercial and Industrial: Pass (Rated 1- 4) $ 21,747 $ 19,818 $ 30,344 $ 28,331 $ 15,763 $ 23,559 $ 55,226 $ 65 $ 194,853 Special Mention (Rated 5) — 6,027 606 137 — 1,403 2,357 — 10,530 Substandard (Rated 6) — — — — 427 462 4,118 — 5,007 Total commercial and industrial loans $ 21,747 $ 25,845 $ 30,950 $ 28,468 $ 16,190 $ 25,424 $ 61,701 $ 65 $ 210,390 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ 1 $ 1 Payment Performance: Performing $ 21,747 $ 25,845 $ 30,950 $ 28,468 $ 16,190 $ 25,419 $ 61,531 $ 65 $ 210,215 Nonperforming — — — — — 6 169 — 175 Consumer: Pass $ 746 $ 1,539 $ 959 $ 327 $ 77 $ 159 $ 819 $ — $ 4,626 Substandard — — — — — 5 — — 5 Total consumer loans $ 746 $ 1,539 $ 959 $ 327 $ 77 $ 164 $ 819 $ — $ 4,631 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ 174 $ 174 Payment Performance: Performing $ 746 $ 1,539 $ 959 $ 327 $ 77 $ 159 $ 819 $ — $ 4,626 Nonperforming — — — — — 5 — — 5 Term Loan Origination by Year Revolving Loans 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Loans 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 Loans Revolving Loans Converted to Term Loans 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 for the periods noted	The following table summarizes information about total loans rated Special Mention, Substandard, Doubtful or Loss for the periods noted September 30, 2024 December 31, 2023 (Dollar in thousands) Criticized loans: Special Mention $ 21,304 $ 5,810 Substandard 21,857 33,699 Total criticized loans $ 43,161 $ 39,509 Total criticized loans as a percentage of total loans 2.1 % 1.9 %

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
The Threshold, Target and Stretch metrics under the 2021 LTI Plan are as follows	The Threshold, Target and Stretch metrics under the 2021 LTI Plan are as follows ROE 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 % EPS Metrics Performance Period Ending Threshold Target Stretch Three-Year Cumulative Diluted EPS $ 1.58 $ 1.97 $ 2.36
The Threshold, Target and Stretch metrics under the 2022 LTI Plan are as follows:	The Threshold, Target and Stretch metrics under the 2022 LTI Plan are as follows: ROE 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 % EPS Metrics Performance Period Ending Threshold Target Stretch Three-Year Cumulative Diluted EPS $ 2.35 $ 2.61 $ 2.85
The Threshold, Target and Stretch metrics under the 2023 LTI Plan are as follows	The Threshold, Target and Stretch metrics under the 2023 LTI Plan are as follows ROE 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 % EPS Metrics Performance Period Ending Threshold Target Stretch Three-Year Cumulative Diluted EPS $ 2.39 $ 2.65 $ 2.89
The Threshold, Target and Stretch metrics under the 2024 LTI Plan are as follows	The Threshold, Target and Stretch metrics under the 2024 LTI Plan are as follows ROE 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 % EPS Metrics Performance Period Ending Threshold Target Stretch Three-Year Cumulative Diluted EPS $ 2.25 $ 2.50 $ 2.75
A summary of the status of unvested restricted stock awards at September 30, 2024 and 2023 is presented below:	A summary of the status of unvested restricted stock awards at September 30, 2024 and 2023 is presented below: Shares Weighted Average Grant Date Fair Value ($) Balance at December 31, 2023 220,635 9.29 Shares granted 187,049 8.38 Shares forfeited (2,384 ) 8.39 Shares vested (69,376 ) 8.34 Balance at September 30, 2024 335,924 8.98 Shares Weighted Average Grant Date Fair Value ($) Balance at December 31, 2022 206,092 8.85 Shares granted 158,957 9.79 Shares vested (66,817 ) 9.07 Balance at September 30, 2023 298,232 9.30

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 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: September 30, 2024 December 31, 2023 Outstanding Balance Weighted Average Rate Outstanding Balance Weighted Average Rate (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 4,390 4.83 6,100 5.33 Total $ 132,667 4.94 % $ 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)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
As of September 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 September 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 Hedging Adjustments Included in the Carrying Amount of Hedged Assets/(Liabilities) At September 30, 2024 At December 31, 2023 At September 30, 2024 At December 31, 2023 (Dollars in thousands) Loans $ 199,927 $ 199,393 $ (73 ) $ (607 ) Total $ 199,927 $ 199,393 $ (73 ) $ (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 September 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 September 30, 2024 and December 31, 2023 September 30, 2024 Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location Fair Value (Dollars in thousands) Hedging Derivatives Interest rate swaps - fair value hedges $ 71 $ — Derivatives not designated as hedging instruments: Interest rate swap – with customer counterparties — 4,372 Interest rate swap – with dealer counterparties 4,372 — Total derivatives Other Assets $ 4,443 Other Liabilities $ 4,372 December 31, 2023 Asset Derivatives Liability Derivatives Balance Sheet Location Fair Value Balance Sheet Location 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 September 30, 2024 and September 30, 2023.	The table below presents the effect of the Company’s derivative financial instruments on the statements of net income as of September 30, 2024 and September 30, 2023. Location and Amount of Gain (Loss) Recognized in Income on Fair Value Hedging Relationships Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 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 $ 434 $ 406 $ 1,324 $ 627 Gain (loss) on fair value hedging relationships Interest rate contracts: Hedged items $ (1 ) $ (104 ) $ (10 ) $ (1,763 ) Derivatives designated as hedging instruments 435 510 1,334 2,390

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 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: September 30, 2024 Level 1 Level 2 Level 3 Total Assets: (Dollars in thousands) Available-for-sale securities $ — $ 155,889 $ — $ 155,889 Marketable equity securities 252 — — 252 Interest rate swaps — 4,443 — 4,443 Total assets $ 252 $ 160,332 $ — $ 160,584 Liabilities: Interest rate swaps $ — $ 4,372 $ — $ 4,372 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 tables summarize the fair value hierarchy used to determine the carrying values of the related assets as of September 30, 2024 and 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. The following tables summarize the fair value hierarchy used to determine the carrying values of the related assets as of September 30, 2024 and December 31, 2023 Nine Months Ended At September 30, 2024 September 30, 2024 Total Level 1 Level 2 Level 3 Losses (Dollars in thousands) (Dollars in thousands) Collateral dependent loans $ — $ — $ 1 $ 99 Nine Months Ended At December 31, 2023 September 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 September 30, 2024 Carrying Fair Value Level 1 Level 2 Level 3 Total (Dollars in thousands) Assets: Cash and cash equivalents $ 72,802 $ 72,802 $ — $ — $ 72,802 Securities held-to-maturity 213,266 9,729 172,819 — 182,548 Securities available-for-sale 155,889 — 155,889 — 155,889 Marketable equity securities 252 252 — — 252 FHLB and other restricted stock 7,143 — — 7,143 7,143 Loans - net 2,029,047 — — 1,890,012 1,890,012 Accrued interest receivable 8,653 — — 8,653 8,653 Mortgage servicing rights 466 — 744 — 744 Derivative asset 4,443 — 4,443 — 4,443 Liabilities: Deposits 2,224,206 — — 2,223,751 2,223,751 Short-term borrowings 4,390 — 4,390 — 4,390 Long-term debt 128,277 — 130,077 — 130,077 Subordinated debt 19,741 — 16,805 — 16,805 Accrued interest payable 961 — — 961 961 Derivative liabilities 4,372 — 4,372 — 4,372 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)	Sep. 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 nine months ended September 30, 2024 and 2023 have been computed based on the following: (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings per common share:
Net income applicable to common stock	$ 1,904	$ 3,513	$ 2,961	$ 4,490	$ 2,763	$ 5,304	$ 8,378	$ 12,557
Average number of common shares issued	21,246			22,055			21,466	22,140
Less: Average unallocated ESOP Shares	(256)			(329)			(273)	(347)
Less: Average unvested performance-based equity incentive plan shares	(186)			(165)			(180)	(162)
Average number of common shares outstanding used to calculate basic earnings per common share	20,804			21,561			21,013	21,631
Effect of dilutive performance-based equity incentive plan	130			119			109	50
Average number of common shares outstanding used to calculate diluted earnings per common share	20,934			21,680			21,122	21,681
Basic earnings per common share	$ 0.09			$ 0.21			$ 0.40	$ 0.58
Diluted earnings per common share	$ 0.09			$ 0.21			$ 0.40	$ 0.58

The components of accumulated o

The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (18,345)	$ (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	(24,612)	(29,166)
Tax effect	6,267	7,422
Accumulated other comprehensive loss	$ (18,345)	$ (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 September 30, 2024 and December 31, 2023 (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	$ 180,501	$ 166,281
Available-for-sale securities, gross unrealized gains	160
Available-for-sale securities, gross unrealized losses	(24,772)	(29,166)
Available-for-sale securities, at fair value	155,889	137,115
Held-to-maturity securities, amortized cost	213,266	223,370
Held-to-maturity securities, gross unrealized gains	194	107
Held-to-maturity securities, gross unrealized losses	(30,912)	(35,785)
Held-to-maturity securities, fair value	182,548	187,692
Total, amortized cost	393,767	389,651
Total, gross unrealized gains	354	107
Total, gross unrealized losses	(55,684)	(64,951)
Total, fair value	338,437	324,807
Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	17,459	14,924
Available-for-sale securities, gross unrealized gains	4
Available-for-sale securities, gross unrealized losses	(2,477)	(2,898)
Available-for-sale securities, at fair value	14,986	12,026
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	(419)	(1,038)
Available-for-sale securities, at fair value	4,581	6,962
Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	22,459	23,059
Available-for-sale securities, gross unrealized gains	4
Available-for-sale securities, gross unrealized losses	(2,896)	(3,936)
Available-for-sale securities, at fair value	19,567	19,123
Held-to-maturity securities, amortized cost	11,078	9,995
Held-to-maturity securities, gross unrealized gains	2
Held-to-maturity securities, gross unrealized losses	(272)	(545)
Held-to-maturity securities, fair value	10,808	9,450
Government-sponsored mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	151,735	136,533
Available-for-sale securities, gross unrealized gains	156
Available-for-sale securities, gross unrealized losses	(20,758)	(23,976)
Available-for-sale securities, at fair value	131,133	112,557
Held-to-maturity securities, amortized cost	202,188	213,375
Held-to-maturity securities, gross unrealized gains	192	107
Held-to-maturity securities, gross unrealized losses	(30,640)	(35,240)
Held-to-maturity securities, fair value	171,740	178,242
U.S. government guaranteed mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	6,307	6,689
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses	(1,118)	(1,254)
Available-for-sale securities, at fair value	5,189	5,435
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost	158,042	143,222
Available-for-sale securities, gross unrealized gains	156
Available-for-sale securities, gross unrealized losses	(21,876)	(25,230)
Available-for-sale securities, at fair value	136,322	117,992
Held-to-maturity securities, amortized cost	202,188	213,375
Held-to-maturity securities, gross unrealized gains	192	107
Held-to-maturity securities, gross unrealized losses	(30,640)	(35,240)
Held-to-maturity securities, fair value	171,740	178,242
US Treasury Securities [Member]
Marketable Securities [Line Items]
Held-to-maturity securities, amortized cost	10,001	9,995
Held-to-maturity securities, gross unrealized gains
Held-to-maturity securities, gross unrealized losses	(272)	(545)
Held-to-maturity securities, fair value	9,729	9,450
U.S. Government Guaranteed Obligations [Member]
Marketable Securities [Line Items]
Held-to-maturity securities, amortized cost	1,077
Held-to-maturity securities, gross unrealized gains	2
Held-to-maturity securities, gross unrealized losses
Held-to-maturity securities, fair value	$ 1,079
State and Municipal Bonds [Member]
Marketable Securities [Line Items]
Available-for-sale securities, amortized cost		135
Available-for-sale securities, gross unrealized gains
Available-for-sale securities, gross unrealized losses
Available-for-sale securities, at fair value		$ 135

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net gains recognized during the period on marketable equity securities	$ 10		$ 22
Unrealized gains recognized during the period on marketable equity securities still held at end of period			$ 22

The amortized cost and fair val

The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2024, by final maturity, are shown below. (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Amortized cost, available for sale	$ 180,501	$ 166,281
Fair value, available for sale	155,889	137,115
Amortized cost, held to maturity	213,266	223,370
Fair value, held to maturity	182,548	187,692
Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, due in one year or less, amortized cost
Available-for-sale securities, due in one year or less, fair value
Held-to-maturity securities, due in one year or less, amortized cost	4,999
Held-to-maturity securities, due in one year or less, fair value	4,975
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	4,754
Available-for-sale securities, due after five years through ten years, amortized cost	22,459
Available-for-sale securities, due after five years through ten years, fair value	19,567
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	1,077
Held-to-maturity securities, due after ten years, fair value	1,079
Amortized cost, available for sale	22,459	23,059
Fair value, available for sale	19,567	19,123
Amortized cost, held to maturity	11,078	9,995
Fair value, held to maturity	10,808	9,450
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale securities, due after one year through five years, amortized cost	883
Available-for-sale securities, due after one year through five years, fair value	857
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	739
Available-for-sale securities, due after five years through ten years, fair value	689
Held-to-maturity securities, due after five years through ten years, amortized cost	2,702
Held-to-maturity securities, due after five years through ten years, fair value	2,597
Available-for-sale securities, due after ten years, amortized cost	156,420
Available-for-sale securities, due after ten years, fair value	134,776
Held-to-maturity securities, due after ten years, amortized cost	199,486
Held-to-maturity securities, due after ten years, fair value	169,143
Amortized cost, available for sale	158,042	143,222
Fair value, available for sale	136,322	117,992
Amortized cost, held to maturity	202,188	213,375
Fair value, held to maturity	$ 171,740	$ 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, segregated by the duration of their continuous unrealized loss positions at September 30, 2024 and December 31, (Details) $ in Thousands	Sep. 30, 2024 USD ($) N	Dec. 31, 2023 USD ($) N
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	4
Available-for-sale, less than 12 months, fair value	$ 10,438
Available-for-sale, less than 12 months, gross unrealized loss	$ 89
Available-for-sale, over 12 months, number of securities | N	84	85
Available-for-sale, over 12 months, fair value	$ 129,917	$ 136,980
Available-for-sale, over 12 months, gross unrealized loss	$ 24,683	$ 29,166
Held-to-maturity, over 12 months, number of securities | N	39	38
Held-to-maturity, over 12 months, fair value	$ 170,206	$ 173,845
Held-to-maturity, over 12 months, gross unrealized loss	$ 30,912	$ 35,729
Total, less than 12 months, number of securities | N	4	4
Total, less than 12 months, fair value	$ 10,438	$ 7,097
Total, less than 12 months, gross unrealized loss	$ 89	$ 56
Total, over 12 months, number of securities | N	123	123
Total, over 12 months, fair value	$ 300,123	$ 310,825
Total, over 12 months, gross unrealized loss	$ 55,595	$ 64,895
Held-to-maturity, less than 12 months, number of securities | N		4
Held-to-maturity, less than 12 months, fair value		$ 7,097
Held-to-maturity, less than 12 months, gross unrealized loss		$ 56
Government-sponsored mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	3
Available-for-sale, less than 12 months, fair value	$ 9,412
Available-for-sale, less than 12 months, gross unrealized loss	$ 88
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	$ 107,691	$ 112,557
Available-for-sale, over 12 months, gross unrealized loss	$ 20,670	$ 23,976
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	16.10%	17.60%
Held-to-maturity, over 12 months, number of securities | N	37	36
Held-to-maturity, over 12 months, fair value	$ 160,477	$ 164,395
Held-to-maturity, over 12 months, gross unrealized loss	$ 30,640	$ 35,184
Held-to-maturity, over 12 months, depreciation from amortized cost basis (%)	16%	17.60%
Held-to-maturity, less than 12 months, number of securities | N		4
Held-to-maturity, less than 12 months, fair value		$ 7,097
Held-to-maturity, less than 12 months, gross unrealized loss		$ 56
Held-to-maturity, less than 12 months, depreciation from amortized cost basis (%)		0.80%
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	$ 5,189	$ 5,435
Available-for-sale, over 12 months, gross unrealized loss	$ 1,118	$ 1,254
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	17.70%	18.70%
Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Available-for-sale, less than 12 months, number of securities | N	1
Available-for-sale, less than 12 months, fair value	$ 1,026
Available-for-sale, less than 12 months, gross unrealized loss	$ 1
Available-for-sale, less than 12 months, depreciation from amortized cost basis (%)	0.10%
Available-for-sale, over 12 months, number of securities | N	3	3
Available-for-sale, over 12 months, fair value	$ 12,456	$ 12,026
Available-for-sale, over 12 months, gross unrealized loss	$ 2,476	$ 2,898
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	16.60%	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	$ 4,581	$ 6,962
Available-for-sale, over 12 months, gross unrealized loss	$ 419	$ 1,038
Available-for-sale, over 12 months, depreciation from amortized cost basis (%)	8.40%	13%
US Treasury Securities [Member]
Marketable Securities [Line Items]
Held-to-maturity, over 12 months, number of securities | N	2	2
Held-to-maturity, over 12 months, fair value	$ 9,729	$ 9,450
Held-to-maturity, over 12 months, gross unrealized loss	$ 272	$ 545
Held-to-maturity, over 12 months, depreciation from amortized cost basis (%)	2.70%	5.50%

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details Narrative) $ in Thousands	Sep. 30, 2024 USD ($) N	Dec. 31, 2023 USD ($) N
Marketable Securities [Line Items]
Securities fair value	$ 338,437	$ 324,807
Accrued interest receivable on held-to-maturity securities	466	454
Available-for-sale, gross unrealized loss	$ 24,800	$ 29,200
Available-for-sale, depreciation from amortized cost basis (%)	13.70%	17.50%
Available-for-sale, number of securities, fair value less than amortized cost | N	88	85
Held-to-maturity, gross unrealized loss	$ 30,900	$ 35,700
Held-to-maturity, depreciation from amortized cost basis (%)	15.20%	16%
Held-to-maturity, number of securities, fair value less than amortized cost | N	39	42
Guaranteed by government agencies [Member]
Marketable Securities [Line Items]
Accrued interest receivable on available for sale securities	$ 418	$ 333
Not guaranteed by government agencies [Member]
Marketable Securities [Line Items]
Accrued interest receivable on available for sale securities	51	$ 178
Asset Pledged as Collateral [Member] | Deposits [Member] | US Treasury Securities [Member]
Marketable Securities [Line Items]
Securities fair value	9,700
Asset Pledged as Collateral [Member] | Deposits [Member] | Government-sponsored enterprise obligations [Member]
Marketable Securities [Line Items]
Securities fair value	8,200
Asset Pledged as Collateral [Member] | Deposits [Member] | Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Securities fair value	$ 169,700

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	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 2,046,382		$ 2,024,824
Plus: Unearned premiums and deferred loan fees and costs, net	2,620		2,493
Less: Allowance for credit losses	(19,955)	$ (19,444)	(20,267)	$ (19,978)	$ (19,647)	$ (19,931)
Net loans	2,029,047		2,007,050
Commercial Real Estate Non-owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	878,265		881,643
Commercial Real Estate Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	204,524		198,108
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,082,789		1,079,751
Less: Allowance for credit losses	(14,220)	(14,331)	(15,141)	(15,573)	(15,752)	(12,199)
Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	631,649		612,315
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	116,923		109,839
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	748,572		722,154
Less: Allowance for credit losses	(3,038)	(2,444)	(2,548)	(2,389)	(2,356)	(4,312)
Commercial and Industrial Sector [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	210,390		217,447
Less: Allowance for credit losses	(2,467)	(2,552)	(2,537)	(1,968)	(1,487)	(3,160)
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	4,631		5,472
Less: Allowance for credit losses	$ (230)	$ (117)	$ (41)	$ (48)	$ (52)	$ (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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Receivables [Abstract]
Balance at the beginning of period:	$ 377	$ 480	$ 422	$ 550
Capitalized mortgage servicing rights	114		114
Amortization	(25)	(35)	(70)	(105)
Balance at the end of period	466	445	466	445
Fair value at the end of period	$ 744	$ 745	$ 744	$ 745

An analysis of changes in the a

An analysis of changes in the allowance for credit losses for loans and off-balance sheet commitments by segment for the three and nine months ended September 30, 2024 and September 30, 2023 is as follows: (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Allowance for credit losses
Beginning balance, allowance for credit losses	$ 19,444	$ 19,647	$ 20,267	$ 19,931	$ 19,931
Provision (reversal) for credit losses	609	409	(271)	768
Charge-offs	(269)	(193)	(386)	(2,091)
Recoveries	171	115	345	188
Ending balance, allowance for credit losses	19,955	19,978	19,955	19,978	20,267
Allowance for credit losses for off-balance sheet exposures
Beginning balance	633	591	597
Reversal of credit losses	332	(55)	368	(382)
Ending balance	965	536	965	536	597
Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for credit losses
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]
Allowance for credit losses
Beginning balance, allowance for credit losses				21,113	21,113
Commercial Real Estate [Member]
Allowance for credit losses
Beginning balance, allowance for credit losses	14,331	15,752	15,141	12,199	12,199
Provision (reversal) for credit losses	(65)	(188)	(903)	(211)
Charge-offs	(46)		(46)	(414)	(764)
Recoveries		9	28	10
Ending balance, allowance for credit losses	14,220	15,573	14,220	15,573	15,141
Allowance for credit losses for off-balance sheet exposures
Beginning balance	361	395	375
Reversal of credit losses	283	(79)	269	(295)
Ending balance	644	316	644	316	375
Commercial Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for credit losses
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]
Allowance for credit losses
Beginning balance, allowance for credit losses				16,188	16,188
Residential Portfolio Segment [Member]
Allowance for credit losses
Beginning balance, allowance for credit losses	2,444	2,356	2,548	4,312	4,312
Provision (reversal) for credit losses	733	31	624	570
Charge-offs	(158)		(165)
Recoveries	19	2	31	25
Ending balance, allowance for credit losses	3,038	2,389	3,038	2,389	2,548
Allowance for credit losses for off-balance sheet exposures
Beginning balance	225	163	163
Reversal of credit losses	44	4	106	(100)
Ending balance	269	167	269	167	163
Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for credit losses
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]
Allowance for credit losses
Beginning balance, allowance for credit losses				1,794	1,794
Commercial and Industrial Sector [Member]
Allowance for credit losses
Beginning balance, allowance for credit losses	2,552	1,487	2,537	3,160	3,160
Provision (reversal) for credit losses	(208)	551	(275)	348
Charge-offs		(147)	(1)	(1,561)	(1,561)
Recoveries	123	77	206	96
Ending balance, allowance for credit losses	2,467	1,968	2,467	1,968	2,537
Allowance for credit losses for off-balance sheet exposures
Beginning balance	47	33	59
Reversal of credit losses	5	20	(7)	13
Ending balance	52	53	52	53	59
Commercial and Industrial Sector [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for credit losses
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]
Allowance for credit losses
Beginning balance, allowance for credit losses				3,085	3,085
Consumer Loan [Member]
Allowance for credit losses
Beginning balance, allowance for credit losses	117	52	41	245	245
Provision (reversal) for credit losses	149	15	283	61
Charge-offs	(65)	(46)	(174)	(116)	(185)
Recoveries	29	27	80	57
Ending balance, allowance for credit losses	230	48	230	48	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]
Allowance for credit losses
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]
Allowance for credit losses
Beginning balance, allowance for credit losses				46	46
Unallocated [Member]
Allowance for credit losses
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]
Allowance for credit losses
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]
Allowance for credit losses
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	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total loans	$ 2,046,382	$ 2,024,824
Non-Accrual Loans	4,873	6,421
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,349	2,912
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	710	1,693
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,253	1,394
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	4,312	5,999
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,042,070	2,018,825
Commercial Real Estate Non-owner Occupied [Member]
Financing Receivable, Past Due [Line Items]
Total loans	878,265	881,643
Non-Accrual Loans	179	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	171
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		236
Commercial Real Estate Non-owner Occupied [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	171	883
Commercial Real Estate Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	878,094	880,760
Commercial Real Estate Owner Occupied [Member]
Financing Receivable, Past Due [Line Items]
Total loans	204,524	198,108
Non-Accrual Loans	19	240
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans		272
Commercial Real Estate Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans
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		167
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans		439
Commercial Real Estate Owner Occupied [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	204,524	197,669
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,082,789	1,079,751
Non-Accrual Loans	198	1,347
Commercial Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	171	272
Commercial Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans		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		403
Commercial Real Estate [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	171	1,322
Commercial Real Estate [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,082,618	1,078,429
Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total loans	631,649	612,315
Non-Accrual Loans	4,076	4,739
Residential Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1,939	2,354
Residential Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	626	934
Residential Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	905	881
Residential Mortgage [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	3,470	4,169
Residential Mortgage [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	628,179	608,146
Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total loans	116,923	109,839
Non-Accrual Loans	419	109
Home Equity Line of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	235	263
Home Equity Line of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	84	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	340	102
Home Equity Line of Credit [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	659	477
Home Equity Line of Credit [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	116,264	109,362
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total loans	748,572	722,154
Non-Accrual Loans	4,495	4,848
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,174	2,617
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	710	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	1,245	983
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	4,129	4,646
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	744,443	717,508
Commercial and Industrial Sector [Member]
Financing Receivable, Past Due [Line Items]
Total loans	210,390	217,447
Non-Accrual Loans	175	218
Commercial and Industrial Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	1	20
Commercial and Industrial Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans
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	9	28
Commercial and Industrial Sector [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	210,381	217,419
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total loans	4,631	5,472
Non-Accrual Loans	5	8
Consumer Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	3	3
Consumer Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans
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	3	3
Consumer Loan [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total loans	$ 4,628	$ 5,469

The following table is a summar

The following table is a summary of the Company’s nonaccrual loans by major categories at September 30, 2024 and December 31, 2023 (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	4,873		4,873		6,421
Financing Receivable, Nonaccrual	4,873		4,873		6,421
Accrued Interest Receivable Reversed from Income	115	$ 141	310	$ 356
Commercial Real Estate Non-owner Occupied [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	179		179		1,107
Financing Receivable, Nonaccrual	179		179		1,107
Accrued Interest Receivable Reversed from Income	8	28	26	68
Commercial Real Estate Owner Occupied [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	19		19		240
Financing Receivable, Nonaccrual	19		19		240
Accrued Interest Receivable Reversed from Income		7		17
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	198		198		1,347
Financing Receivable, Nonaccrual	198		198		1,347
Accrued Interest Receivable Reversed from Income	8	35	26	85
Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	4,076		4,076		4,739
Financing Receivable, Nonaccrual	4,076		4,076		4,739
Accrued Interest Receivable Reversed from Income	57	50	145	131
Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	419		419		109
Financing Receivable, Nonaccrual	419		419		109
Accrued Interest Receivable Reversed from Income	11	4	22	9
Residential Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	4,495		4,495		4,848
Financing Receivable, Nonaccrual	4,495		4,495		4,848
Accrued Interest Receivable Reversed from Income	68	54	167	140
Commercial and Industrial Sector [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	175		175		218
Financing Receivable, Nonaccrual	175		175		218
Accrued Interest Receivable Reversed from Income	39	52	117	131
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, With Allowance
Financing Receivable, Nonaccrual, No Allowance	5		5		8
Financing Receivable, Nonaccrual	5		5		$ 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	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	$ 14,422	$ 29,718
Loans with an allowance recorded, related allowance	163	179
With No Related Allowance Recorded [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	13,920	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	7,370	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	1,313	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	8,683	10,648
With No Related Allowance Recorded [Member] | Residential Mortgage [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	4,541	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	419	109
With No Related Allowance Recorded [Member] | Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	4,960	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	277	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	502	517
Loans with an allowance recorded, related allowance	163	179
With Allowance Recorded [Member] | Commercial and Industrial Sector [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated loans, recorded investment	502	517
Loans with an allowance recorded, related allowance	$ 163	$ 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 September 30, 2024 and December 31, 2023 (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	$ 2,046,382		$ 2,046,382		$ 2,024,824
Current period gross charge-offs	269	$ 193	386	$ 2,091
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	25,387		25,387		42,764
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	45,728		45,728		175,829
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	173,755		173,755		228,739
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	243,625		243,625		121,824
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	117,407		117,407		92,268
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	388,348		388,348		327,391
Financing Receivable, Excluding Accrued Interest, Revolving	88,539		88,539		81,647
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan					9,289
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,082,789		1,082,789		1,079,751
Current period gross charge-offs, Originated, More than Five Years before Current Fiscal Year			46		764
Current period gross charge-offs	46		46	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	25,387		25,387		42,764
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	45,728		45,728		175,829
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	173,755		173,755		228,739
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	243,625		243,625		121,824
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	117,407		117,407		92,268
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	388,150		388,150		326,044
Financing Receivable, Excluding Accrued Interest, Revolving	88,539		88,539		81,647
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan					9,289
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,082,591		1,082,591		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	198		198		1,347
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	198		198		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	25,387		25,387		42,764
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	45,728		45,728		175,829
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	173,755		173,755		228,739
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	243,625		243,625		113,631
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	109,130		109,130		91,353
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	374,875		374,875		320,806
Financing Receivable, Excluding Accrued Interest, Revolving	88,405		88,405		81,483
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan					9,289
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,060,905		1,060,905		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	10,640		10,640		3,237
Financing Receivable, Excluding Accrued Interest, Revolving	134		134		164
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	10,774		10,774		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	8,277		8,277
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,833		2,833		3,348
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	11,110		11,110		11,361
Residential Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	47,309		47,309		59,257
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	60,387		60,387		88,660
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	90,353		90,353		94,785
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	90,948		90,948		126,362
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	121,461		121,461		54,263
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	215,695		215,695		178,587
Financing Receivable, Excluding Accrued Interest, Revolving	5,496		5,496		10,401
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	631,649		631,649		612,315
Current period gross charge-offs, Originated, More than Five Years before Current Fiscal Year			59
Current period gross charge-offs			59
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	47,309		47,309		59,257
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	60,387		60,387		88,213
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	89,741		89,741		94,290
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	90,587		90,587		125,540
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	120,970		120,970		54,263
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	213,083		213,083		175,612
Financing Receivable, Excluding Accrued Interest, Revolving	5,496		5,496		10,401
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	627,573		627,573		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	612		612		495
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	361		361		822
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	491		491
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,612		2,612		2,975
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	4,076		4,076		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	47,309		47,309		59,257
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	60,387		60,387		88,213
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	89,741		89,741		94,290
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	90,587		90,587		125,917
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	120,601		120,601		54,263
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	212,212		212,212		174,688
Financing Receivable, Excluding Accrued Interest, Revolving	5,496		5,496		10,401
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	626,333		626,333		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	612		612		495
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	361		361		445
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	860		860
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,483		3,483		3,899
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	5,316		5,316		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	6,908		6,908		9,937
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	9,024		9,024		10,885
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	9,647		9,647		6,861
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,001		6,001		7,108
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	6,493		6,493		5,234
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	10,645		10,645		7,268
Financing Receivable, Excluding Accrued Interest, Revolving	65,451		65,451		60,205
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	2,754		2,754		2,341
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	116,923		116,923		109,839
Current period gross charge-offs, Originated, More than Five Years before Current Fiscal Year			7
Current period gross charge-offs, Revolving Loans Converted to Term Loans			99
Current period gross charge-offs			106
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	6,908		6,908		9,937
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	9,024		9,024		10,885
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	9,555		9,555		6,861
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,001		6,001		7,108
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	6,493		6,493		5,234
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	10,645		10,645		7,261
Financing Receivable, Excluding Accrued Interest, Revolving	65,132		65,132		60,115
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	2,746		2,746		2,329
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	116,504		116,504		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	92		92
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	319		319		90
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	8		8		12
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	419		419		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	6,908		6,908		9,937
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	9,024		9,024		10,885
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	9,555		9,555		6,861
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,001		6,001		7,108
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	6,493		6,493		5,234
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	10,645		10,645		7,261
Financing Receivable, Excluding Accrued Interest, Revolving	65,132		65,132		60,115
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	2,746		2,746		2,329
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	116,504		116,504		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	92		92
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	319		319		90
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	8		8		12
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	419		419		109
Commercial and Industrial Sector [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	21,747		21,747		31,108
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	25,845		25,845		35,806
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	30,950		30,950		27,961
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	28,468		28,468		27,936
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	16,190		16,190		19,773
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	25,424		25,424		9,408
Financing Receivable, Excluding Accrued Interest, Revolving	61,701		61,701		65,386
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	65		65		69
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	210,390		210,390		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		147	1	1,561	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	21,747		21,747		31,108
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	25,845		25,845		35,806
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	30,950		30,950		27,961
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	28,468		28,468		27,936
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	16,190		16,190		19,773
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	25,419		25,419		9,401
Financing Receivable, Excluding Accrued Interest, Revolving	61,531		61,531		65,175
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	65		65		69
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	210,215		210,215		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	169		169		211
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	175		175		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	21,747		21,747		31,108
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	19,818		19,818		35,705
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	30,344		30,344		26,553
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	28,331		28,331		19,780
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	15,763		15,763		19,765
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	23,559		23,559		8,825
Financing Receivable, Excluding Accrued Interest, Revolving	55,226		55,226		57,393
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan	65		65		69
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	194,853		194,853		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	6,027		6,027		101
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	606		606
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	137		137
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	1,403		1,403		498
Financing Receivable, Excluding Accrued Interest, Revolving	2,357		2,357		707
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	10,530		10,530		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					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	427		427
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	462		462		85
Financing Receivable, Excluding Accrued Interest, Revolving	4,118		4,118		7,286
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	5,007		5,007		16,935
Consumer Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	746		746		2,168
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,539		1,539		1,381
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	959		959		524
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	327		327		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	77		77		68
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	164		164		278
Financing Receivable, Excluding Accrued Interest, Revolving	819		819		812
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	4,631		4,631		5,472
Current period gross charge-offs, Revolving Loans					3
Current period gross charge-offs, Revolving Loans Converted to Term Loans			174		182
Current period gross charge-offs	65	$ 46	174	$ 116	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	746		746		2,168
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,539		1,539		1,381
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	959		959		524
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	327		327		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	77		77		68
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	159		159		271
Financing Receivable, Excluding Accrued Interest, Revolving	819		819		811
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	4,626		4,626		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	5		5		7
Financing Receivable, Excluding Accrued Interest, Revolving					1
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	5		5		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	746		746		2,168
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,539		1,539		1,381
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	959		959		524
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	327		327		241
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	77		77		68
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	159		159		270
Financing Receivable, Excluding Accrued Interest, Revolving	819		819		812
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	4,626		4,626		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	5		5		8
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	$ 5		$ 5		$ 8

The following table summarize_3

The following table summarizes information about total loans rated Special Mention, Substandard, Doubtful or Loss for the periods noted (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans	$ 2,046,382	$ 2,024,824
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans	21,304	5,810
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans	21,857	33,699
Criticized [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans	$ 43,161	$ 39,509
Total criticized loans as a percentage of total loans	2.10%	1.90%

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details Narrative) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) $ / Loan	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 2,049,002			$ 2,049,002		$ 2,027,317
FHLB advances	128,277			128,277		40,646
Serviced commercial loans for participants	66,100			$ 66,100		65,000
Weighted average prepayment speed, PSA				226%
Weighted average internal rate of return				10.01%
Weighted average servicing fee percentage				0.25%
Net cost to service loans | $ / Loan				82.93
Sale of residential real estate mortgages				$ 20,100
Gains on the sale of mortgages	246			246
Mortgage loans serviced for others	85,700			85,700		72,700
Servicing fee income				249	144
Accrued interest receivable on loans held for investment	7,600			$ 7,600		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	941	$ (294)	354	$ 97	386
Provision (reversal) for loan losses	609		409	(271)	768
Provision (reversal) for unfunded loan commitments	332		(55)	368	(382)
Total loans	$ 2,046,382			$ 2,046,382		$ 2,024,824
Total past due, percentage of total loans	0.21%			0.21%		0.30%
Nonaccrual loans	$ 4,873			$ 4,873		$ 6,421
Nonaccrual loans, percentage of total loans	0.24%			0.24%		0.32%
Individually evaluated loans	$ 14,422			$ 14,422		$ 29,718
Financial Asset, Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,312			4,312		5,999
Unfunded Loan Commitment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (reversal) for unfunded loan commitments	(55)
Increase (decrease) in unfunded commitments		$ 33,500
Percentage of increase (decrease) in off-balance sheet exposure		20.70%
Total unfunded loan commitments	195,300	$ 161,800		195,300
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated loans	779			779
Real Estate Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated loans	13,600			13,600
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (reversal) for loan losses	(65)		(188)	(903)	(211)
Provision (reversal) for unfunded loan commitments	283		(79)	269	(295)
Total loans	1,082,789			1,082,789		1,079,751
Nonaccrual loans	198			198		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	171			171		1,322
Commercial and Industrial Sector [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (reversal) for loan losses	(208)		551	(275)	348
Provision (reversal) for unfunded loan commitments	5		$ 20	(7)	$ 13
Total loans	210,390			210,390		217,447
Nonaccrual loans	175			175		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	9			9		28
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	912,900			912,900		$ 941,200
Asset Pledged as Collateral [Member] | Federal Reserve Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 402,100			$ 402,100

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 12,487	$ 12,487		$ 12,487
Amortization of core deposit intangible	94	282	$ 282
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	$ 31	$ 31

The Threshold, Target and Stret

The Threshold, Target and Stretch metrics under the 2021 LTI 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 EPS	$ 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 EPS	$ 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 EPS	$ 2.36

The Threshold, Target and Str_2

The Threshold, Target and Stretch metrics under the 2022 LTI 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 EPS	$ 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 EPS	$ 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 EPS	$ 2.85

The Threshold, Target and Str_3

The Threshold, Target and Stretch metrics under the 2023 LTI Plan are as follows (Details) - LTI Plan for 2022 [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 EPS	$ 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 EPS	$ 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 EPS	$ 2.89

The Threshold, Target and Str_4

The Threshold, Target and Stretch metrics under the 2024 LTI Plan are as follows (Details) - LTI Plan for 2024 [Member]	9 Months Ended
	Sep. 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 EPS	$ 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 EPS	$ 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 EPS	$ 2.75

A summary of the status of unve

A summary of the status of unvested restricted stock awards at September 30, 2024 and 2023 is presented below: (Details) - Restricted Stock [Member] - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 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 Millions	1 Months Ended				3 Months Ended	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	May 31, 2021	Mar. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock expense						$ 1.1	$ 1.1
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			119,376
LTI Plan for 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted		120,998
LTI Plan for 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted	146,422
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
Percentage of shares granted				50%
Time Based 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
Percentage of shares granted			50%
Time Based Shares [Member] | LTI Plan for 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted		60,499
Percentage of shares granted		50%
Time Based Shares [Member] | LTI Plan for 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted	73,211
Percentage of shares granted	50%
Time Based Shares [Member] | Share-Based Payment Arrangement, Nonemployee [Member] | LTI Plan for 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted	21,456
Shares granted per director	2,384	2,022	1,975
Shares granted and fully vested									18,198	17,775
Time Based Shares [Member] | Share-Based Payment Arrangement, Nonemployee [Member] | LTI Plan for 2021 [Member] | Forecast [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted and fully vested								19,072
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
Percentage of shares granted				50%
Performance measure weighting percentage				50%
Performance Shares [Member] | LTI Plan for 2021 [Member] | Threshold [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target value percentage paid				50%
Performance Shares [Member] | LTI Plan for 2021 [Member] | Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted					69,376
Target value percentage paid				150%
Performance Shares [Member] | LTI Plan for 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted			59,688
Percentage of shares granted			50%
Performance measure weighting percentage			50%
Performance Shares [Member] | LTI Plan for 2022 [Member] | Threshold [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target value percentage paid			50%
Performance Shares [Member] | LTI Plan for 2022 [Member] | Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target value percentage paid			150%
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
Percentage of shares granted		50%
Performance measure weighting percentage		50%
Performance Shares [Member] | LTI Plan for 2023 [Member] | Threshold [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target value percentage paid		50%
Performance Shares [Member] | LTI Plan for 2023 [Member] | Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target value percentage paid		150%
Performance Shares [Member] | LTI Plan for 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted	73,211
Percentage of shares granted	50%
Performance measure weighting percentage	50%
Performance Shares [Member] | LTI Plan for 2024 [Member] | Threshold [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target value percentage paid	50%
Performance Shares [Member] | LTI Plan for 2024 [Member] | Stretch [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target value percentage paid	150%

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		Sep. 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		4,390	6,100
Total		$ 132,667	$ 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		4.83%	5.33%
Borrowings [Member]
Debt Instrument [Line Items]
Weighted average rate		4.94%	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	Sep. 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	$ 2,049,002	$ 2,027,317
Other borrowings	4,390	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	404,900
Federal Home Loan Bank Borrowings [Member]
Debt Instrument [Line Items]
Borrowing capacity	$ 442,500
Other Borrowings [Member]
Debt Instrument [Line Items]
Weighted average rate for other borrowings	4.83%	5.33%
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Total Loans	$ 912,900	$ 941,200
Asset Pledged as Collateral [Member] | Federal Reserve Bank Advances [Member]
Debt Instrument [Line Items]
Total Loans	$ 402,100

SUBORDINATED DEBT (Details Narr

SUBORDINATED DEBT (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Apr. 20, 2021
Debt Instrument [Line Items]
Amortization of subordinated debt issuance costs	$ 29	$ 29
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	$ 259
Amortization of subordinated debt issuance costs	$ 29	$ 29
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 September 30, 2024 and De

As of September 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	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Assets/(Liabilities)	$ 199,927	$ 199,393
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets/(Liabilities)	(73)	(607)
Loans [Member]
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Assets/(Liabilities)	199,927	199,393
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets/(Liabilities)	$ (73)	$ (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 September 30, 2024 and December 31, 2023 (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Fair value of derivative assets	$ 4,443	$ 5,890
Fair value of derivative liability	$ 4,372	$ 5,239
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	$ 71	$ 651
Fair value of derivative liability
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	4,372	5,239
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Dealer counterparties [Member]
Derivative [Line Items]
Fair value of derivative assets	4,372	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 September 30, 2024 and September 30, 2023. (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 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	$ 434	$ 406	$ 1,324	$ 627
Hedged items	(1)	(104)	(10)	(1,763)
Derivatives designated as hedging instruments	$ 435	$ 510	$ 1,334	$ 2,390

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES (Details Narrative) - Designated as Hedging Instrument [Member] - Fair Value Hedging [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Amortized cost basis of closed portfolios	$ 437,200	$ 461,200
Cumulative basis adjustments	71	607
Notional amount	$ 200,000	$ 200,000
Remaining maturity	1 month 6 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	Sep. 30, 2024	Dec. 31, 2023
Assets:
Available-for-sale securities	$ 155,889	$ 137,115
Marketable equity securities	252	196
Interest rate swaps	4,443	5,890
Liabilities:
Interest rate swaps	4,372	5,239
Fair Value, Inputs, Level 1 [Member]
Assets:
Available-for-sale securities
Marketable equity securities	252	196
Interest rate swaps
Liabilities:
Interest rate swaps
Fair Value, Inputs, Level 2 [Member]
Assets:
Available-for-sale securities	155,889	137,115
Marketable equity securities
Interest rate swaps	4,443	5,890
Liabilities:
Interest rate swaps	4,372	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	155,889	137,115
Marketable equity securities	252	196
Interest rate swaps	4,443	5,890
Total assets	160,584	143,201
Liabilities:
Interest rate swaps	4,372	5,239
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Available-for-sale securities
Marketable equity securities	252	196
Interest rate swaps
Total assets	252	196
Liabilities:
Interest rate swaps
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Available-for-sale securities	155,889	137,115
Marketable equity securities
Interest rate swaps	4,443	5,890
Total assets	160,332	143,005
Liabilities:
Interest rate swaps	4,372	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 tables summariz_4

The following tables summarize the fair value hierarchy used to determine the carrying values of the related assets as of September 30, 2024 and December 31, 2023 (Details) - Fair Value, Nonrecurring [Member] - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses	$ 99,000	$ 1,828,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	$ 1,000		$ 1,100,000

The estimated fair values of ou

The estimated fair values of our financial instruments are as follows (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 72,802	$ 28,840
Securities held-to-maturity	182,548	187,692
Securities available-for-sale, at fair value	155,889	137,115
Marketable equity securities	252	196
FHLB and other restricted stock	7,143	3,707
Loans - net	1,890,012	1,841,913
Accrued interest receivable	8,653	8,528
Mortgage servicing rights	744	724
Derivative asset	4,443	5,890
Liabilities:
Deposits	2,223,751	2,140,930
Short-term borrowings	4,390	16,100
Long-term debt	130,077	120,460
Subordinated debt	16,805	17,938
Accrued interest payable	961	3,310
Derivative liabilities	4,372	5,239
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents	72,802	28,840
Securities held-to-maturity	9,729	9,450
Securities available-for-sale, at fair value
Marketable equity securities	252	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	172,819	178,242
Securities available-for-sale, at fair value	155,889	137,115
Marketable equity securities
FHLB and other restricted stock
Loans - net
Accrued interest receivable
Mortgage servicing rights	744	724
Derivative asset	4,443	5,890
Liabilities:
Deposits
Short-term borrowings	4,390	16,100
Long-term debt	130,077	120,460
Subordinated debt	16,805	17,938
Accrued interest payable
Derivative liabilities	4,372	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	1,890,012	1,841,913
Accrued interest receivable	8,653	8,528
Mortgage servicing rights
Derivative asset
Liabilities:
Deposits	2,223,751	2,140,930
Short-term borrowings
Long-term debt
Subordinated debt
Accrued interest payable	961	3,310
Derivative liabilities
Reported Value Measurement [Member]
Assets:
Cash and cash equivalents	72,802	28,840
Securities held-to-maturity	213,266	223,370
Securities available-for-sale, at fair value	155,889	137,115
Marketable equity securities	252	196
FHLB and other restricted stock	7,143	3,707
Loans - net	2,029,047	2,007,050
Accrued interest receivable	8,653	8,528
Mortgage servicing rights	466	422
Derivative asset	4,443	5,890
Liabilities:
Deposits	2,224,206	2,143,744
Short-term borrowings	4,390	16,100
Long-term debt	128,277	120,646
Subordinated debt	19,741	19,712
Accrued interest payable	961	3,310
Derivative liabilities	$ 4,372	$ 5,239