Parke Bancorp (PKBK) 10-Q 7 Aug 24 2024 Q2 Quarterly report Financial data

COVER

COVER - shares	6 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	000-51338
Entity Registrant Name	PARKE BANCORP, INC.
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	65-1241959
Entity Address, Address Line One	601 Delsea Drive
Entity Address, City or Town	Washington Township
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08080
City Area Code	856
Local Phone Number	256-2500
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	PKBK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		11,977,398
Entity Central Index Key	0001315399
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 6,840	$ 12,716
Interest bearing deposits with banks	160,838	167,660
Cash and cash equivalents	167,678	180,376
Investment securities available for sale, at fair value	6,258	7,095
Investment securities held to maturity, net of allowance for credit losses of $0 at June 30, 2024 and December 31, 2023 (fair value of $7,564 at June 30, 2024 and $7,892 at December 31, 2023)	9,251	9,292
Total investment securities	15,509	16,387
Loans, net of unearned income	1,805,141	1,787,340
Less: Allowance for credit losses	(32,425)	(32,131)
Net loans	1,772,716	1,755,209
Accrued interest receivable	9,067	8,555
Premises and equipment, net	5,441	5,579
Restricted stock	9,982	7,636
Bank owned life insurance (BOLI)	28,738	28,415
Deferred tax asset	9,262	9,262
Other real estate owned (OREO)	1,558	1,550
Other	7,187	10,531
Total assets	2,027,138	2,023,500
Deposits
Noninterest-bearing deposits	198,761	232,189
Interest-bearing deposits	1,297,680	1,320,638
Total deposits	1,496,441	1,552,827
FHLBNY borrowings	175,000	125,000
Subordinated debentures	43,206	43,111
Accrued interest payable	5,052	4,146
Other	14,639	14,099
Total liabilities	1,734,338	1,739,183
Shareholders' Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B non-cumulative convertible; 325 shares and 375 shares outstanding at June 30, 2024 and December 31, 2023, respectively	325	375
Common stock, $0.10 par value; authorized 15,000,000 shares; Issued: 12,254,220 shares and 12,240,821 shares at June 30, 2024 and December 31, 2023, respectively	1,225	1,224
Additional paid-in capital	136,946	136,700
Retained earnings	157,725	149,437
Accumulated other comprehensive loss	(406)	(404)
Treasury stock, 284,522 shares at June 30, 2024 and December 31, 2023, at cost	(3,015)	(3,015)
Total shareholders’ equity	292,800	284,317
Total liabilities and shareholders' equity	$ 2,027,138	$ 2,023,500

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Investment securities held to maturity, net of allowance for credit losses	$ 0	$ 0
Investment securities held to maturity, fair value	$ 7,564	$ 7,892
Shareholders' Equity
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, liquidation value per share (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, outstanding (in shares)	325	375
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized (in shares)	15,000,000	15,000,000
Common stock, issued (in shares)	12,254,220	12,240,821
Treasury stock, shares (in shares)	284,522	284,522

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income:
Interest and fees on loans	$ 28,732	$ 25,763	$ 56,815	$ 50,307
Interest and dividends on investments	248	227	497	437
Interest on deposits with banks	1,209	1,277	2,354	2,547
Total interest income	30,189	27,267	59,666	53,291
Interest expense:
Interest on deposits	13,684	9,079	27,141	16,661
Interest on borrowings	2,193	2,321	4,159	3,615
Total interest expense	15,877	11,400	31,300	20,276
Net interest income	14,312	15,867	28,366	33,015
Provision for (recovery of) credit losses	483	500	687	(1,900)
Net interest income after provision for (recovery of) credit losses	13,829	15,367	27,679	34,915
Non-interest income
Service fees on deposit accounts	359	931	738	2,146
Gain on sale of SBA loans	25	0	25	0
Other loan fees	163	241	402	419
Bank owned life insurance income	162	147	322	290
Other	492	277	776	523
Total non-interest income	1,201	1,596	2,263	3,378
Non-interest expense
Compensation and benefits	3,070	2,940	6,289	6,581
Professional services	551	494	996	1,087
Occupancy and equipment	672	645	1,313	1,290
Data processing	264	367	629	668
FDIC insurance and other assessments	322	347	653	573
OREO expense	236	198	589	370
Other operating expense	1,120	1,381	2,301	2,562
Total non-interest expense	6,235	6,372	12,770	13,131
Income before income tax expense	8,795	10,591	17,172	25,162
Income tax expense	2,340	2,461	4,566	5,902
Net income attributable to Company	6,455	8,130	12,606	19,260
Less: Preferred stock dividend	(5)	(7)	(11)	(14)
Net income available to common shareholders	$ 6,450	$ 8,123	$ 12,595	$ 19,246
Earnings per common share
Basic (in dollars per share)	$ 0.54	$ 0.68	$ 1.05	$ 1.61
Diluted (in dollars per share)	$ 0.53	$ 0.67	$ 1.04	$ 1.59
Weighted average common shares outstanding
Basic (in shares)	11,962,197	11,945,424	11,960,487	11,944,794
Diluted (in shares)	12,119,359	12,119,004	12,125,546	12,139,899

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income attributable to the Company	$ 6,455	$ 8,130	$ 12,606	$ 19,260
Unrealized gain (loss) on investment securities	32	(61)	(3)	22
Tax impact on unrealized (gain) loss	(8)	16	1	(6)
Total unrealized gain (loss) on investment securities	24	(45)	(2)	16
Comprehensive income attributable to the Company	$ 6,479	$ 8,085	$ 12,604	$ 19,276

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive (Loss) Income	Treasury Stock
Beginning balance at Dec. 31, 2022	$ 266,034	$ (2,102)	$ 445	$ 1,223	$ 136,201	$ 131,706	$ (2,102)	$ (526)	$ (3,015)
Shares of common stock issued, beginning balance (in shares) at Dec. 31, 2022			445	12,225,097
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19,260					19,260
Common stock options exercised (in shares)				6,096
Common stock options exercised	33				33
Other comprehensive income (loss)	16							16
Stock compensation expense	213				213
Dividend on preferred stock	(14)					(14)
Dividend on common stock	(4,300)					(4,300)
Ending balance at Jun. 30, 2023	279,140		$ 445	$ 1,223	136,447	144,550		(510)	(3,015)
Shares of common stock issued, ending balance (in shares) at Jun. 30, 2023			445	12,231,193
Beginning balance at Mar. 31, 2023	273,106		$ 445	$ 1,223	136,341	138,577		(465)	(3,015)
Shares of common stock issued, beginning balance (in shares) at Mar. 31, 2023			445	12,231,193
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,130					8,130
Other comprehensive income (loss)	(45)							(45)
Stock compensation expense	106				106
Dividend on preferred stock	(7)					(7)
Dividend on common stock	(2,150)					(2,150)
Ending balance at Jun. 30, 2023	$ 279,140		$ 445	$ 1,223	136,447	144,550		(510)	(3,015)
Shares of common stock issued, ending balance (in shares) at Jun. 30, 2023			445	12,231,193
Shares of preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2023	375		375
Beginning balance at Dec. 31, 2023	$ 284,317		$ 375	$ 1,224	136,700	149,437		(404)	(3,015)
Shares of common stock issued, beginning balance (in shares) at Dec. 31, 2023				12,240,821
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,606					12,606
Preferred stock shares conversion (in shares)			50	6,877
Preferred stock shares conversion	(1)		$ (50)		49
Common stock options exercised (in shares)				6,522
Common stock options exercised	56			$ 1	55
Other comprehensive income (loss)	(2)							(2)
Stock compensation expense	142				142
Dividend on preferred stock	(11)					(11)
Dividend on common stock	$ (4,307)					(4,307)
Shares of preferred stock outstanding, ending balance (in shares) at Jun. 30, 2024	325		325
Ending balance at Jun. 30, 2024	$ 292,800		$ 325	$ 1,225	136,946	157,725		(406)	(3,015)
Shares of common stock issued, ending balance (in shares) at Jun. 30, 2024				12,254,220
Shares of preferred stock outstanding, beginning balance (in shares) at Mar. 31, 2024			375
Beginning balance at Mar. 31, 2024	288,386		$ 375	$ 1,225	136,801	153,430		(430)	(3,015)
Shares of common stock issued, beginning balance (in shares) at Mar. 31, 2024				12,247,343
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,455					6,455
Preferred stock shares conversion (in shares)			50	6,877
Preferred stock shares conversion	(1)		$ (50)		49
Other comprehensive income (loss)	24							24
Stock compensation expense	96				96
Dividend on preferred stock	(5)					(5)
Dividend on common stock	$ (2,155)					(2,155)
Shares of preferred stock outstanding, ending balance (in shares) at Jun. 30, 2024	325		325
Ending balance at Jun. 30, 2024	$ 292,800		$ 325	$ 1,225	$ 136,946	$ 157,725		$ (406)	$ (3,015)
Shares of common stock issued, ending balance (in shares) at Jun. 30, 2024				12,254,220

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividend on preferred stock (in dollars per share)	$ 15	$ 15	$ 30	$ 30
Dividend on common stock (in dollars per share)	$ 0.18	$ 0.18	$ 0.36	$ 0.36

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net income	$ 12,606	$ 19,260
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	286	175
Provision for (recovery of) credit losses	687	(1,900)
Increase in value of bank owned life insurance	(322)	(290)
Gain on sale of SBA loans	25	0
SBA loans originated for sale	(300)	0
Proceeds from sale of SBA loans originated for sale	325	0
Net accretion of purchase premiums and discounts on securities	(22)	(17)
Stock based compensation	142	213
Net changes in:
Decrease (increase) in accrued interest receivable and other assets	2,824	(2,911)
Increase in accrued interest payable and other accrued liabilities	1,048	186
Net cash provided by operating activities	17,249	14,716
Cash Flows from Investing Activities:
Repayments and maturities of investment securities available for sale	824	953
Repayments and maturities of investment securities held to maturity	73	72
Net increase in loans	(17,796)	(34,698)
(Purchases) sales of bank premises and equipment	(53)
(Purchases) sales of bank premises and equipment		129
Redemptions of restricted stock	3,600	855
Purchases of restricted stock	(5,946)	(5,803)
Net cash used in investing activities	(19,298)	(38,492)
Cash Flows from Financing Activities:
Cash dividends	(4,318)	(4,314)
Proceeds from exercise of stock options	(56)	(33)
Decrease in FHLBNY long-term borrowings	(75,000)	0
Net increase in FHLBNY short-term borrowings	125,000	103,000
Increase in Federal Reserve short-term borrowings	0	10,000
Net decrease in noninterest-bearing deposits	(33,428)	(81,554)
Net decrease in interest-bearing deposits	(22,958)	(48,042)
Net cash used in financing activities	(10,649)	(20,877)
Net decrease in cash and cash equivalents	(12,698)	(44,653)
Cash and Cash Equivalents, January 1,	180,376	182,150
Cash and Cash Equivalents, June 30,	167,678	137,497
Supplemental Disclosure of Cash Flow Information:
Interest paid	30,394	19,210
Income taxes paid	1,702	9,962
Non-cash Investing and Financing Items
Loans transferred to OREO	0	123
Accrued dividends payable	$ 2,160	$ 2,157

ORGANIZATION

ORGANIZATION	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Parke Bancorp, Inc. (the “Company, we, us, our”) is a bank holding company headquartered in Sewell, New Jersey. Through subsidiaries, the Company provides individuals, corporations and other businesses and institutions with commercial and retail banking services, principally loans and deposits. The Company was incorporated in January 2005 under the laws of the State of New Jersey for the sole purpose of becoming the holding company of Parke Bank (the "Bank"). The Bank is a commercial bank, which was incorporated on August 25, 1998, and commenced operations on January 28, 1999. The Bank is chartered by the New Jersey Department of Banking and Insurance and its deposits are insured by the Federal Deposit Insurance Corporation. The Bank maintains its principal office at 601 Delsea Drive, Sewell, New Jersey, and has six additional branch office locations; 501 Tilton Road, Northfield, New Jersey, 567 Egg Harbor Road, Washington Township, New Jersey, 67 East Jimmie Leeds Road, Galloway Township, New Jersey, 1150 Haddon Avenue, Collingswood, New Jersey, 1610 Spruce Street, Philadelphia, Pennsylvania, and 1032 Arch Street, Philadelphia, Pennsylvania. The Bank also has a loan office located at 1817 East Venango Street, Philadelphia, Pennsylvania.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Financial Statement Presentation: We prepared our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Parke Bank (including certain partnership interests). Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated as they do not meet the requirements for consolidation under applicable accounting guidance. We have eliminated inter-company balances and transactions. We have also reclassified certain prior year amounts to conform to the current year presentation, which did not have a material impact on our consolidated financial condition or results of operations. The accompanying interim financial statements should be read in conjunction with the annual financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The accompanying interim financial statements for the three and six months ended June 30, 2024 and 2023 are unaudited. The balance sheet as of December 31, 2023, was derived from the audited financial statements. In the opinion of management, these financial statements include all normal and recurring adjustments necessary for a fair statement of the results for such interim periods. Results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results for the full year or any other period. Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the allowance for credit losses, the valuation of deferred income taxes, and the carrying value of other real estate owned ("OREO").

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The following is a summary of the Company's investments in available for sale and held to maturity securities as of June 30, 2024 and December 31, 2023: As of June 30, 2024 Amortized Gross Gross Fair value (Dollars in thousands) Available for sale: Residential mortgage-backed securities $ 6,804 $ 1 $ 547 $ 6,258 Total available for sale $ 6,804 $ 1 $ 547 $ 6,258 Held to maturity: Residential mortgage-backed securities $ 5,332 $ — $ 1,179 $ 4,153 States and political subdivisions 3,919 5 513 3,411 Total held to maturity $ 9,251 $ 5 $ 1,692 $ 7,564 As of December 31, 2023 Amortized Gross Gross Fair value (Dollars in thousands) Available for sale: Residential mortgage-backed securities $ 7,639 $ 3 $ 547 $ 7,095 Total available for sale $ 7,639 $ 3 $ 547 $ 7,095 Held to maturity: Residential mortgage-backed securities $ 5,406 $ — $ 1,054 $ 4,352 States and political subdivisions 3,886 38 384 3,540 Total held to maturity $ 9,292 $ 38 $ 1,438 $ 7,892 The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of June 30, 2024 are as follows: Amortized Fair (Dollars in thousands) Available for sale: Due within one year $ — $ — Due after one year through five years 2,576 2,406 Due after five years through ten years 850 788 Due after ten years 3,378 3,064 Total available for sale $ 6,804 $ 6,258 Held to maturity: Due within one year $ — $ — Due after one year through five years 1,446 1,451 Due after five years through ten years 1,507 1,205 Due after ten years 6,298 4,908 Total held to maturity $ 9,251 $ 7,564 Expected maturities may differ from contractual maturities because the issuers of certain debt securities do have the right to call or prepay their obligations without any penalty. The Company did not sell any securities during the three and six months ended June 30, 2024 or 2023. The following tables show the gross unrealized losses and fair value of the Company's available for sale investments for which an allowance for credit losses has not been recorded, which are aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2024 and December 31, 2023: As of June 30, 2024 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousand) Available for sale: Residential mortgage-backed securities $ 130 $ 1 $ 6,070 $ 546 $ 6,200 $ 547 Total available for sale $ 130 $ 1 $ 6,070 $ 546 $ 6,200 $ 547 As of December 31, 2023 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Available for sale: Residential mortgage-backed securities $ 25 $ — $ 6,870 $ 547 $ 6,895 $ 547 Total available for sale $ 25 $ — $ 6,870 $ 547 $ 6,895 $ 547 On at least a quarterly basis, we review all debt securities that are in an unrealized loss position for a credit loss. An investment security is deemed impaired if the fair value of the investment is less than its amortized cost. Amortized cost includes adjustments (if any) made to the cost basis of an investment for accretion, amortization, and previous other-than-temporary impairments. For individual debt securities classified as available for sale, we determine whether a decline in fair value below the amortized cost has resulted from a credit loss or other factors. If the decline in fair value is due to credit, we will record the portion of the impairment loss relating to credit through an allowance for credit losses. Impairment that has not been recorded through an allowance for credit losses is recorded through other comprehensive income, net of applicable taxes. The Company’s unrealized loss for the debt securities classified as available for sale is comprised of 11 securities in the less than 12 months loss position and 16 securities in the 12 months or greater loss position at June 30, 2024. These securities are mortgage-backed securities that had unrealized losses issued or guaranteed by the US government or US government sponsored entities. The unrealized losses associated with those mortgage-backed securities are generally driven by changes in interest rates and are not due to credit losses given the explicit or implicit guarantees provided by the U.S. government. Because the Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell these investments before recovery of their amortized cost basis, the Company does not consider the unrealized loss in these securities to be credit losses at June 30, 2024. The Company classifies the held-to-maturity debt securities into the following major security types: residential mortgage backed, and state and political subdivisions. These securities are highly rated with a history of no credit losses, and are assigned ratings based on the most recent data from ratings agencies depending on the availability of data for the security. Credit ratings of held-to-maturity debt securities, which are a significant input in calculating the expected credit loss, are reviewed on a quarterly basis. Based on the credit ratings of our held-to-maturity securities and our historical experience including no losses, we have determined that an allowance for credit loss on the held-to-maturity portfolio is not required. Because the Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell these investments before recovery of their amortized cost basis, the Company does not consider the unrealized loss in these securities to be credit losses at June 30, 2024.

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS	LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS At June 30, 2024 and December 31, 2023, the Company had $1.81 billion and $1.79 billion, respectively, in loans receivable outstanding. Outstanding balances include $2.1 million and $2.7 million at June 30, 2024 and December 31, 2023, respectively, for net deferred loan costs, and unamortized discounts. The portfolio segments of loans receivable at June 30, 2024 and December 31, 2023, consist of the following: June 30, 2024 December 31, 2023 (Dollars in thousands) Commercial and Industrial $ 35,954 $ 35,451 Construction 179,662 157,556 Real Estate Mortgage: Commercial – Owner Occupied 138,002 141,742 Commercial – Non-owner Occupied 351,325 369,909 Residential – 1 to 4 Family 443,968 449,682 Residential – 1 to 4 Family Investment 523,809 524,167 Residential – Multifamily 127,298 103,324 Consumer 5,123 5,509 Total Loan receivable 1,805,141 1,787,340 Allowance for credit losses on loans (32,425) (32,131) Total loan receivable, net of allowance for credit losses on loans $ 1,772,716 $ 1,755,209 An age analysis of past due loans by class at June 30, 2024 and December 31, 2023 is as follows: June 30, 2024 30-59 60-89 Greater Total Past Current Total (Dollars in Thousands) Commercial and Industrial $ — $ — $ 694 $ 694 $ 35,260 $ 35,954 Construction — — 1,091 1,091 178,571 179,662 Real Estate Mortgage: Commercial – Owner Occupied — — 1,117 1,117 136,885 138,002 Commercial – Non-owner Occupied — 3,806 2,106 5,912 345,413 351,325 Residential – 1 to 4 Family 14 67 1,955 2,036 441,932 443,968 Residential – 1 to 4 Family Investment — 1,256 — 1,256 522,553 523,809 Residential – Multifamily — — — — 127,298 127,298 Consumer — — — — 5,123 5,123 Total Loans $ 14 $ 5,129 $ 6,963 $ 12,106 $ 1,793,035 $ 1,805,141 December 31, 2023 30-59 60-89 Greater Total Past Current Total (Dollars in thousands) Commercial and Industrial $ — $ — $ 712 $ 712 $ 34,739 $ 35,451 Construction — — 1,091 1,091 156,465 157,556 Real Estate Mortgage: Commercial – Owner Occupied — — 1,117 1,117 140,625 141,742 Commercial – Non-owner Occupied — 1,549 3,107 4,656 365,253 369,909 Residential – 1 to 4 Family 58 1,793 1,211 3,062 446,620 449,682 Residential – 1 to 4 Family Investment — 440 — 440 523,727 524,167 Residential – Multifamily — — — — 103,324 103,324 Consumer 66 — — 66 5,443 5,509 Total Loans $ 124 $ 3,782 $ 7,238 $ 11,144 $ 1,776,196 $ 1,787,340 The following table provides the amortized cost of loans on nonaccrual status: June 30, 2024 (amounts in thousands) Nonaccrual with no ACL Nonaccrual with ACL Total Nonaccrual Loans Past Due Over 90 Days Still Accruing Total Nonperforming Commercial and Industrial $ — $ 694 $ 694 $ — $ 694 Construction 1,091 — 1,091 — 1,091 Commercial - Owner Occupied 717 400 1,117 — 1,117 Commercial - Non-owner Occupied 2,106 — 2,106 — 2,106 Residential - 1 to 4 Family 1,209 746 1,955 — 1,955 Residential - 1 to 4 Family Investment — — — — — Residential - Multifamily — — — — — Consumer — — — — — Total $ 5,123 $ 1,840 $ 6,963 $ — $ 6,963 December 31, 2023 (amounts in thousands) Nonaccrual with no ACL Nonaccrual with ACL Total Nonaccrual Loans Past Due Over 90 Days Still Accruing Total Nonperforming Commercial and Industrial $ 277 $ 435 $ 712 $ — $ 712 Construction 1,091 — 1,091 — 1,091 Commercial - Owner Occupied 717 400 1,117 — 1,117 Commercial - Non-owner Occupied 3,107 — 3,107 — 3,107 Residential - 1 to 4 Family 1,211 — 1,211 — 1,211 Residential - 1 to 4 Family Investment — — — — — Residential - Multifamily — — — — — Consumer — — — — — Total $ 6,403 $ 835 $ 7,238 $ — $ 7,238 Allowance For Credit Losses (ACL) We maintain the ACL at a level that we believe to be appropriate to absorb estimated credit losses in the loan portfolios as of the balance sheet date. We established our allowance in accordance with guidance provided in Accounting Standard Codification ("ASC") - Financial Instruments - Credit Losses ("ASC 326"). The allowance for credit losses represents management’s estimate of expected losses inherent in the Company’s lending activities excluding loans accounted for under fair value. The allowance for credit losses is maintained through charges to the provision for credit losses in the Consolidated Statements of Income as expected losses are estimated. Loans or portions thereof that are determined to be uncollectible are charged against the allowance, and subsequent recoveries, if any, are credited to the allowance. The Company performs periodic reviews of its loan and lease portfolios to identify credit risks and to assess the overall collectability of those portfolios. The Company's allowance for credit losses includes a general component and an asset-specific component for collateral-dependent loans. To determine the asset-specific component of the allowance, the loans are evaluated individually based on the fair value of the underlying collateral. The Company generally measures the asset-specific allowance as the difference between the net realizable value of loan collateral and the recorded investment of a loan. The general component of the allowance evaluates the impairments of pools of the loan portfolio collectively. It incorporates a historical valuation allowance and qualitative allowance. The historical valuation utilizes a vintage loss rate approach utilizing a third party software model. The vintage loss rate approach creates pools of loans based on the segments defined by management, and consists of commercial and industrial, construction, commercial - owner occupied, commercial - non-owner occupied, residential - 1 to 4 family, residential - 1 to 4 family investment, residential - multifamily, and consumer. The loan pools are aggregated by origination year. Charge-offs, net of recoveries, are allocated by the year of charge-off to each loan pool. An average life is prescribed to a pool of loans that were originated in a particular year. The actual charge-offs as a percent of total loans are calculated for each historical year, and projected for future years for each year within the average life time horizon. The sum of the actual charge-offs and projected charge-offs are divided by the average amortized origination amount for each respective year. Those charge-off percentages are added together to obtain an aggregated vintage loss percentage which is then multiplied by the outstanding loan balances to obtain a reserve requirement. The qualitative allowance component is based on general economic conditions and other qualitative risk factors both internal and external to the Company. It is generally determined by evaluating, among other things: (i) the experience, ability and effectiveness of the Bank's lending management and staff; (ii) the effectiveness of the Bank's lending policies, procedures and internal controls;(iii) volume and severity of loan credit quality; (iv) nature and volume of portfolio and term of loans (v) the composition and concentrations of credit; (vi) the effectiveness of the internal loan review system; and (vii) national and local economic trends and conditions, and industry conditions. Management evaluates the degree of risk that each one of these components has on the quality of the loan portfolio on a quarterly basis. Each component is determined to have either a high, high-moderate, moderate, low-moderate or low degree of risk. The results are then input into a "general allocation matrix" to determine an appropriate general valuation allowance. The Company has elected to exclude accrued interest receivable from the measurement of the ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is generally reversed against interest income. The process of determining the level of the allowance for credit losses requires a high degree of estimate and judgment. It is reasonably possible that actual outcomes may differ from our estimates. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is adjusted through the provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. At June 30, 2024 and December 31, 2023, the allowance for credit losses on off-balance sheet credit exposures was $896.0 thousand and $499.0 thousand, respectively, on exposures totaling $177.7 million and $133.7 million, respectively. The following tables present the information regarding the allowance for credit losses for the three and six months ended June 30, 2024 and 2023: Real Estate Mortgage Commercial and Industrial Construction Commercial Owner Occupied Commercial Non-owner Occupied Residential 1 to 4 Family Residential 1 to 4 Family Investment Residential Multifamily Consumer Total (Dollars in thousands) Three months ended June 30, 2024 March 31, 2024 $ 1,060 $ 3,033 $ 1,691 $ 5,386 $ 9,335 $ 9,596 $ 1,747 $ 70 $ 31,918 Charge-offs — — — — — — — (21) (21) Recoveries 2 — 1 — — — — — 3 Provisions (benefits) 6 959 (156) 28 (265) 87 (144) 10 525 Ending Balance at June 30, 2024 $ 1,068 $ 3,992 $ 1,536 $ 5,414 $ 9,070 $ 9,683 $ 1,603 $ 59 $ 32,425 Allowance for credit losses Six months ended June 30, 2024 December 31, 2023 $ 926 $ 3,347 $ 1,795 $ 7,108 $ 9,061 $ 8,783 $ 1,049 $ 62 $ 32,131 Charge-offs — — — — — — — (21) (21) Recoveries 24 — 1 — — — — — 25 Provisions (benefits) 118 645 (260) (1,694) 9 900 554 18 290 Ending Balance at June 30, 2024 $ 1,068 $ 3,992 $ 1,536 $ 5,414 $ 9,070 $ 9,683 $ 1,603 $ 59 $ 32,425 During the quarter, the increase to the Construction portfolio was due to an increase in the portfolio balance that increased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments. The decrease to the Commercial Owner Occupied, Residential 1 to 4 Family, and the Residential Multifamily portfolios is driven by changes to the qualitative factors related to concentration levels within the portfolio segments. For the year to date, the increase in the Construction and Residential Multifamily portfolios was due to increases in the portfolio balances that increased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments. The increase in the Residential 1 to 4 Family Investment portfolio was due to increase to the qualitative factors related to concentration and problem loan levels within the portfolio segments. The decrease to the Commercial Owner Occupied and Commercial Non-owner Occupied portfolios was due to decreases in the portfolio balances that decreased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments. Real Estate Mortgage Commercial and Industrial Construction Commercial Owner Occupied Commercial Non-owner Occupied Residential 1 to 4 Family Residential 1 to 4 Family Investment Residential Multifamily Consumer Total (Dollars in thousands) Three months ended June 30, 2023 March 31, 2023 $ 738 $ 3,599 $ 1,876 $ 8,076 $ 7,806 $ 8,070 $ 1,238 $ 104 $ 31,507 Charge-offs — — — — — — — — — Recoveries 8 — — — — — — — 8 Provisions (benefits) (156) 379 (7) 722 (96) (330) (6) (6) 500 Ending Balance at June 30, 2023 $ 590 $ 3,978 $ 1,869 $ 8,798 $ 7,710 $ 7,740 $ 1,232 $ 98 $ 32,015 Six months ended June 30, 2023 December 31, 2022 $ 390 $ 2,581 $ 2,298 $ 9,709 $ 6,076 $ 9,381 $ 1,347 $ 63 $ 31,845 Impact of adoption ASC 326 168 1,899 (171) (951) 1,782 (794) (128) 53 1,858 Charge-offs — — — — — — — — — Recoveries 10 — 2 — — — — — 12 Provisions (benefits) 22 (502) (260) 40 (148) (847) 13 (18) (1,700) Ending Balance at September 30, 2022 $ 590 $ 3,978 $ 1,869 $ 8,798 $ 7,710 $ 7,740 $ 1,232 $ 98 $ 32,015 During the quarter, the increase to provision for the Construction segment was due to an increase in the portfolio balance, while the increase in provision to the Commercial Non-owner Occupied segment was driven by an increase to the specific reserve. The credit provision during the quarter to the Commercial and Industrial and Residential 1-4 Family Investment segments were largely driven by declines or slowdowns to growth within the portfolio that lowered the loan exposure and also caused changes to the qualitative factors related to loan volume within the portfolio segments. For the six months ended June 30, 2023, the credit provision to the Construction, Commercial Owner Occupied, Residential 1 to 4 Family, and Residential 1 to 4 Family Investment segments was largely driven by declines or slowdowns to growth within the portfolio that lowered loan exposure and also caused changes to the qualitative factors related to loan volume within the portfolio segments, partially offset by increases in balances in the Construction and Residential 1 - 4 Family Investment segments. Collateral-Dependent Loans The following table presents the collateral-dependent loans by portfolio segment and collateral type at June 30, 2024: (amounts in thousands) Real Estate Business Assets Other Commercial and Industrial $ 694 $ — $ — Construction 1,091 — — Commercial - Owner Occupied 1,117 — — Commercial - Non-owner Occupied 2,106 — — Residential - 1 to 4 Family 1,955 — — Residential - 1 to 4 Family Investment — — — Residential - Multifamily — — — Consumer — — — Total $ 6,963 $ — $ — The following table presents the collateral-dependent loans by portfolio segment and collateral type at December 31, 2023: (amounts in thousands) Real Estate Business Assets Other Commercial and Industrial $ 712 $ — $ — Construction 1,091 — — Commercial - Owner Occupied 1,117 — — Commercial - Non-owner Occupied 3,107 — — Residential - 1 to 4 Family 1,211 — — Residential - 1 to 4 Family Investment — — — Residential - Multifamily — — — Consumer — — — Total $ 7,238 $ — $ — Credit Quality Indicators : As part of the on-going monitoring of the credit quality of the Company's loan portfolio, management tracks certain credit quality indicators including trends related to the risk grades of loans, the level of classified loans, net charge-offs, nonperforming loans (see details above) and the general economic conditions in the region. The Company utilizes a risk grading matrix to assign a risk grade to each of its loans. Loans are graded on a scale of 1 to 7. Grades 1 through 4 are considered “Pass”. A description of the general characteristics of the seven risk grades is as follows: 1. Good : Borrower exhibits the strongest overall financial condition and represents the most creditworthy profile. 2. Satisfactory (A) : Borrower reflects a well-balanced financial condition, demonstrates a high level of creditworthiness and typically will have a strong banking relationship with the Bank. 3. Satisfactory (B) : Borrower exhibits a balanced financial condition and does not expose the Bank to more than a normal or average overall amount of risk. Loans are considered fully collectable. 4. Watch List : Borrower reflects a fair financial condition, but there exists an overall greater than average risk. Risk is deemed acceptable by virtue of increased monitoring and control over borrowings. Probability of timely repayment is present. 5. Other Assets Especially Mentioned (OAEM) : Financial condition is such that assets in this category have a potential weakness or pose unwarranted financial risk to the Bank even though the asset value is not currently individually evaluated. The asset does not currently warrant adverse classification but if not corrected could weaken and could create future increased risk exposure. Includes loans that require an increased degree of monitoring or servicing as a result of internal or external changes. 6. Substandard : This classification represents more severe cases of #5 (OAEM) characteristics that require increased monitoring. Assets are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Assets are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral. Asset has a well-defined weakness or weaknesses that impairs the ability to repay debt and jeopardizes the timely liquidation or realization of the collateral at the asset’s net book value. 7. Doubtful : Assets which have all the weaknesses inherent in those assets classified #6 (Substandard) but the risks are more severe relative to financial deterioration in capital and/or asset value; accounting/evaluation techniques may be questionable and the overall possibility for collection in full is highly improbable. Borrowers in this category require constant monitoring, are considered work-out loans and present the potential for future loss to the Bank. The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses, as of June 30, 2024. (Dollars in thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans at Amortized Cost Basis As of June 30, 2024 2024 2023 2022 2021 2020 Prior Total Commercial and Industrial Pass $ 1,053 $ 4,567 $ 1,378 $ 31 $ 709 $ 7,402 $ 20,120 $ 35,260 OAEM — — — — — — — — Substandard — — 417 — — — 277 694 Doubtful — — — — — — — — $ 1,053 $ 4,567 $ 1,795 $ 31 $ 709 $ 7,402 $ 20,397 $ 35,954 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass $ — $ 319 $ 2,637 $ — $ 195 $ — $ 175,420 $ 178,571 OAEM — — — — — — — — Substandard — — — — — 1,091 — 1,091 Doubtful — — — — — — — — $ — $ 319 $ 2,637 $ — $ 195 $ 1,091 $ 175,420 $ 179,662 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial – Owner Occupied Pass $ 863 $ 19,579 $ 35,294 $ 20,937 $ 6,873 $ 51,036 $ 2,303 $ 136,885 OAEM — — — — — — — — Substandard — — — — — 1,117 — 1,117 Doubtful — — — — — — — — $ 863 $ 19,579 $ 35,294 $ 20,937 $ 6,873 $ 52,153 $ 2,303 $ 138,002 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial – Non-owner Occupied Pass $ 25,758 $ 15,818 $ 75,158 $ 32,396 $ 24,388 $ 158,602 $ 1,739 $ 333,859 OAEM — — — — — 15,360 — 15,360 Substandard — — — — 249 1,857 — 2,106 Doubtful — — — — — — — — $ 25,758 $ 15,818 $ 75,158 $ 32,396 $ 24,637 $ 175,819 $ 1,739 $ 351,325 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – 1 to 4 Family Performing $ 20,992 $ 55,594 $ 113,448 $ 58,170 $ 31,790 $ 158,536 $ 3,483 $ 442,013 Nonperforming — — — — 758 1,197 — 1,955 $ 20,992 $ 55,594 $ 113,448 $ 58,170 $ 32,548 $ 159,733 $ 3,483 $ 443,968 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – 1 to 4 Family Investment Performing $ 30,224 $ 83,329 $ 133,412 $ 110,577 $ 46,762 $ 119,505 $ — $ 523,809 Nonperforming — — — — — — — — $ 30,224 $ 83,329 $ 133,412 $ 110,577 $ 46,762 $ 119,505 $ — $ 523,809 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – Multifamily Pass $ 997 $ 5,298 $ 45,801 $ 25,747 $ 12,020 $ 37,435 $ — $ 127,298 OAEM — — — — — — — $ — Substandard — — — — — — — $ — Doubtful — — — — — — — — $ 997 $ 5,298 $ 45,801 $ 25,747 $ 12,020 $ 37,435 $ — $ 127,298 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ — $ — $ — $ — $ 5,123 $ — $ 5,123 Nonperforming — — — — — — — — $ — $ — $ — $ — $ — $ 5,123 $ — $ 5,123 Current period gross charge-offs $ — $ — $ — $ — $ — $ 21 $ — $ 21 As of June 30, 2024, the Company was in the process of foreclosing on $6.4 million in loans, consisting of 12 residential 1 to 4 family loans with a principal balance of $1.9 million, two commercial - owner occupied loans with a principal balance of $1.1 million, and eight commercial - non-owner occupied loans with a principal balance of $3.3 million. The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses, as of December 31, 2023. (Dollars in thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans at Amortized Cost Basis As of December 31, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and Industrial Pass $ 4,724 $ 1,269 $ 87 $ 759 $ 598 $ 7,154 $ 20,148 $ 34,739 OAEM — — — — — — — — Substandard — 435 — — — — 277 712 Doubtful — — — — — — — — $ 4,724 $ 1,704 $ 87 $ 759 $ 598 $ 7,154 $ 20,425 $ 35,451 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass $ 323 $ 3,335 $ 4,499 $ 195 $ — $ — $ 148,113 $ 156,465 OAEM — — — — — — — — Substandard — — — — — 1,091 — 1,091 Doubtful — — — — — — — — $ 323 $ 3,335 $ 4,499 $ 195 $ — $ 1,091 $ 148,113 $ 157,556 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial – Owner Occupied Pass $ 19,842 $ 36,030 $ 21,536 $ 7,104 $ 8,346 $ 45,249 $ 2,518 $ 140,625 OAEM — — — — — — — — Substandard — — — — — 1,117 — 1,117 Doubtful — — — — — — — — $ 19,842 $ 36,030 $ 21,536 $ 7,104 $ 8,346 $ 46,366 $ 2,518 $ 141,742 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial – Non-owner Occupied Pass $ 19,123 $ 93,805 $ 37,002 $ 33,316 $ 54,484 $ 112,471 $ 1,180 $ 351,381 OAEM — — — — — 15,421 — 15,421 Substandard — — — 250 2,586 271 — 3,107 Doubtful — — — — — — — — $ 19,123 $ 93,805 $ 37,002 $ 33,566 $ 57,070 $ 128,163 $ 1,180 $ 369,909 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – 1 to 4 Family Performing $ 58,358 $ 117,044 $ 61,580 $ 33,037 $ 25,623 $ 148,124 $ 4,705 $ 448,471 Nonperforming 155 — — 285 771 — — 1,211 $ 58,513 $ 117,044 $ 61,580 $ 33,322 $ 26,394 $ 148,124 $ 4,705 $ 449,682 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – 1 to 4 Family Investment Performing $ 87,734 $ 138,884 $ 116,487 $ 50,119 $ 54,576 $ 76,367 $ — $ 524,167 Nonperforming — — — — — — — — $ 87,734 $ 138,884 $ 116,487 $ 50,119 $ 54,576 $ 76,367 $ — $ 524,167 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – Multifamily Pass $ 2,292 $ 23,030 $ 27,006 $ 12,159 $ 9,989 $ 28,848 $ — $ 103,324 OAEM — — — — — — — $ — Substandard — — — — — — — $ — Doubtful — — — — — — — — $ 2,292 $ 23,030 $ 27,006 $ 12,159 $ 9,989 $ 28,848 $ — $ 103,324 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ — $ — $ — $ — $ 5,493 $ 16 $ 5,509 Nonperforming — — — — — — — — $ — $ — $ — $ — $ — $ 5,493 $ 16 $ 5,509 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Modifications to Borrowers Experiencing Financial Difficulty At June 30, 2024, the Company did not make any modifications to borrowers experiencing financial difficulty.

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE ("EPS")	EARNINGS PER SHARE (“EPS”) The following tables set forth the calculation of basic and diluted EPS for the three and six-month periods ended June 30, 2024 and 2023. Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (Dollars in thousands except share and per share data) Basic earnings per common share Net income available to the Company $ 6,455 $ 8,130 $ 12,606 $ 19,260 Less: Dividend on series B preferred stock (5) (7) (11) (14) Net income available to common shareholders 6,450 8,123 12,595 19,246 Basic weighted-average common shares outstanding 11,962,197 11,945,424 11,960,487 11,944,794 Basic earnings per common share $ 0.54 $ 0.68 $ 1.05 $ 1.61 Diluted earnings per common share Net income available to common shares $ 6,450 $ 8,123 $ 12,595 $ 19,246 Add: Dividend on series B preferred stock 5 7 11 14 Net income available to diluted common shares 6,455 8,130 12,606 19,260 Basic weighted-average common shares outstanding 11,962,197 11,945,424 11,960,487 11,944,794 Dilutive potential common shares 157,162 173,580 165,059 195,105 Diluted weighted-average common shares outstanding 12,119,359 12,119,004 12,125,546 12,139,899 Diluted earnings per common share $ 0.53 $ 0.67 $ 1.04 $ 1.59

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair Value Measurements The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Company groups its assets and liabilities carried at fair value in three levels as follows: Level 1 Input: 1) Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs: 1) Quoted prices for similar assets or liabilities in active markets. 2) Quoted prices for identical or similar assets or liabilities in markets that are not active. 3) Inputs other than quoted prices that are observable, either directly or indirectly, for the term of the asset or liability (e.g., interest rates, yield curves, credit risks, prepayment speeds or volatilities) or “market corroborated inputs.” Level 3 Inputs: 1) Prices or valuation techniques that require inputs that are both unobservable (i.e. supported by little or no market activity) and that are significant to the fair value of the assets or liabilities. 2) These assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Fair Value on a Recurring Basis: The following is a description of the Company’s valuation methodologies for assets carried at fair value on a recurring basis. These methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes that its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting measurement date. Investments in Available for Sale Securities: Where quoted prices are available in an active market, securities or other assets are classified in Level 1 of the valuation hierarchy. If quoted market prices are not available for the specific security or available for sale loans, then fair values are provided by independent third-party valuation services. These valuation services estimate fair values using pricing models and other accepted valuation methodologies, such as quotes for similar securities and observable yield curves and spreads. As part of the Company’s overall valuation process, management evaluates these third-party methodologies to ensure that they are representative of exit prices in the Company’s principal markets. Securities in Level 2 are mortgage-backed securities. The table below presents the balances of assets and liabilities measured at fair value on a recurring basis. Financial Assets Level 1 Level 2 Level 3 Total (Dollars in thousands) Available for Sale Securities As of June 30, 2024 Residential mortgage-backed securities $ — $ 6,258 $ — $ 6,258 Total $ — $ 6,258 $ — $ 6,258 As of December 31, 2023 Residential mortgage-backed securities — 7,095 — 7,095 Total $ — $ 7,095 $ — $ 7,095 For the six months ended June 30, 2024, there were no transfers between the levels within the fair value hierarchy. There were no level 3 assets or liabilities held during the three and six months ended June 30, 2024 and 2023. Fair Value on a Non-recurring Basis: Certain assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial Assets Level 1 Level 2 Level 3 Total (Dollars in thousands) As of June 30, 2024 Collateral-dependent loans $ — $ — $ 2,181 $ 2,181 OREO — — 1,558 1,558 As of December 31, 2023 Collateral-dependent loans $ — $ — $ 1,655 $ 1,655 OREO — — 1,550 1,550 Collateral-dependent loans are those loans that are accounted for under ASC 326, Financial Instruments - Credit Losses ("ASC 326"), in which the Bank has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties that collateralize the loans. These assets are generally classified as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. OREO consists of real estate properties that are recorded at fair value based upon current appraised value, or agreements of sale, less estimated disposition costs using level 3 inputs. Properties are reappraised annually. Fair Value of Financial Instruments The Company discloses estimated fair values for its significant financial instruments in accordance with FASB ASC (Topic 825), “ Disclosures about Fair Value of Financial Instruments ”. The methodologies for estimating the fair value of financial assets and liabilities that are measured at fair value on a recurring or non-recurring basis are discussed above. For certain financial assets and liabilities, carrying value approximates fair value due to the nature of the financial instrument. These instruments include cash and cash equivalents, accrued interest receivable, bank owned life insurance, Federal Home Loan Bank of New York ("FHLBNY") restricted stock, demand and other non-maturity deposits and accrued interest payable, and they are considered to be level 1 measurements. The following table summarizes the carrying amounts and fair values for financial instruments that are not carried at fair value at June 30, 2024 and December 31, 2023: June 30, 2024 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets: Investment securities HTM $ 9,251 $ 7,564 $ — $ 7,564 $ — Loans, net 1,772,716 1,757,297 — 1,747,119 10,178 Financial Liabilities: Time deposits $ 559,216 $ 557,738 $ — $ 557,738 $ — Borrowings 218,206 222,667 — 222,667 — December 31, 2023 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets: Investment securities HTM $ 9,292 $ 7,892 $ — $ 7,892 $ — Loans, net 1,755,209 1,727,842 — 1,718,866 8,976 Financial Liabilities: Time deposits $ 607,070 $ 605,216 $ — $ 605,216 $ — Borrowings 168,111 172,985 — 172,985 —

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheet. The contract or notional amounts of these instruments reflect the extent of the Company’s involvement in these particular classes of financial instruments. The Company’s exposure to the maximum possible credit risk in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. The Company evaluates each customer’s credit-worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include accounts receivable; inventory; property, plant and equipment and income-producing commercial properties. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments to fund fixed-rate loans were immaterial at June 30, 2024. Variable-rate commitments are generally issued for less than one year and carry market rates of interest. Such instruments are not likely to be affected by annual rate caps triggered by rising interest rates. As of June 30, 2024 and December 31, 2023, unused commitments to extend credit amounted to approximately $114.8 million and $93.8 million, respectively. At June 30, 2024 and December 31, 2023, the allowance for credit losses on off-balance sheet credit exposures was $896.0 thousand and $499 thousand, respectively. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. As of June 30, 2024 and December 31, 2023, standby letters of credit with customers were $0.6 million and $1.5 million, respectively. On June 26, 2024, the Bank entered into an agreement with the FHLBNY for a Municipal Letter of Credit ("MLOC") of $60.0 million. The MLOC is used to pledge against public deposits and the MLOC expires on September 25, 2024. There were no outstanding borrowings on the letters of credit as of June 30, 2024. The Company also has entered into an employment contract with the President of the Company, which provides for continued payment of certain employment salary and benefits prior to the expiration date of the agreement and in the event of a change in control, as defined. The Company has also entered in Change-in-Control Severance Agreements with certain officers which provide for the payment of severance in certain circumstances following a change in control. We provide banking services to customers that are licensed by various States to do business in the cannabis industry as growers, processors and dispensaries. Cannabis businesses are legal in these States, although they are not legal at the federal level. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) published guidelines in 2014 for financial institutions servicing state legal cannabis businesses. A financial institution that provides services to cannabis-related businesses can comply with Bank Secrecy Act (“BSA”) disclosure standards by following the FinCEN guidelines. We maintain stringent written policies and procedures related to the acceptance of such businesses and to the monitoring and maintenance of such business accounts. We conduct a significant due diligence review of the cannabis business before the business is accepted, including confirmation that the business is properly licensed by the applicable state. Throughout the relationship, we continue monitoring the business, including site visits, to ensure that the business continues to meet our stringent requirements, including maintenance of required licenses and periodic financial reviews of the business. While we believe we are operating in compliance with the FinCEN guidelines, there can be no assurance that federal enforcement guidelines will not change. Federal prosecutors have significant discretion and there can be no assurance that the federal prosecutors will not choose to strictly enforce the federal laws governing cannabis. Any change in the Federal government’s enforcement position, could cause us to immediately cease providing banking services to the cannabis industry.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income available to the Company	$ 6,455	$ 8,130	$ 12,606	$ 19,260

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
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 ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation: We prepared our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Parke Bank (including certain partnership interests). Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated as they do not meet the requirements for consolidation under applicable accounting guidance. We have eliminated inter-company balances and transactions. We have also reclassified certain prior year amounts to conform to the current year presentation, which did not have a material impact on our consolidated financial condition or results of operations. The accompanying interim financial statements should be read in conjunction with the annual financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The accompanying interim financial statements for the three and six months ended June 30, 2024 and 2023 are unaudited. The balance sheet as of December 31, 2023, was derived from the audited financial statements. In the opinion of management, these financial statements include all normal and recurring adjustments necessary for a fair statement of the results for such interim periods. Results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results for the full year or any other period.
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the allowance for credit losses, the valuation of deferred income taxes, and the carrying value of other real estate owned ("OREO").

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Summary of Investments in Available-for-sale and Held-to-maturity Securities	The following is a summary of the Company's investments in available for sale and held to maturity securities as of June 30, 2024 and December 31, 2023: As of June 30, 2024 Amortized Gross Gross Fair value (Dollars in thousands) Available for sale: Residential mortgage-backed securities $ 6,804 $ 1 $ 547 $ 6,258 Total available for sale $ 6,804 $ 1 $ 547 $ 6,258 Held to maturity: Residential mortgage-backed securities $ 5,332 $ — $ 1,179 $ 4,153 States and political subdivisions 3,919 5 513 3,411 Total held to maturity $ 9,251 $ 5 $ 1,692 $ 7,564 As of December 31, 2023 Amortized Gross Gross Fair value (Dollars in thousands) Available for sale: Residential mortgage-backed securities $ 7,639 $ 3 $ 547 $ 7,095 Total available for sale $ 7,639 $ 3 $ 547 $ 7,095 Held to maturity: Residential mortgage-backed securities $ 5,406 $ — $ 1,054 $ 4,352 States and political subdivisions 3,886 38 384 3,540 Total held to maturity $ 9,292 $ 38 $ 1,438 $ 7,892
Summary of Investments Classified by Contractual Maturity	The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of June 30, 2024 are as follows: Amortized Fair (Dollars in thousands) Available for sale: Due within one year $ — $ — Due after one year through five years 2,576 2,406 Due after five years through ten years 850 788 Due after ten years 3,378 3,064 Total available for sale $ 6,804 $ 6,258 Held to maturity: Due within one year $ — $ — Due after one year through five years 1,446 1,451 Due after five years through ten years 1,507 1,205 Due after ten years 6,298 4,908 Total held to maturity $ 9,251 $ 7,564
Summary of Gross Unrealized Losses and Fair Value of Investments with Continuous Unrealized Loss Position	The following tables show the gross unrealized losses and fair value of the Company's available for sale investments for which an allowance for credit losses has not been recorded, which are aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2024 and December 31, 2023: As of June 30, 2024 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousand) Available for sale: Residential mortgage-backed securities $ 130 $ 1 $ 6,070 $ 546 $ 6,200 $ 547 Total available for sale $ 130 $ 1 $ 6,070 $ 546 $ 6,200 $ 547 As of December 31, 2023 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Available for sale: Residential mortgage-backed securities $ 25 $ — $ 6,870 $ 547 $ 6,895 $ 547 Total available for sale $ 25 $ — $ 6,870 $ 547 $ 6,895 $ 547

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Summary of Portfolio of Loans Outstanding	The portfolio segments of loans receivable at June 30, 2024 and December 31, 2023, consist of the following: June 30, 2024 December 31, 2023 (Dollars in thousands) Commercial and Industrial $ 35,954 $ 35,451 Construction 179,662 157,556 Real Estate Mortgage: Commercial – Owner Occupied 138,002 141,742 Commercial – Non-owner Occupied 351,325 369,909 Residential – 1 to 4 Family 443,968 449,682 Residential – 1 to 4 Family Investment 523,809 524,167 Residential – Multifamily 127,298 103,324 Consumer 5,123 5,509 Total Loan receivable 1,805,141 1,787,340 Allowance for credit losses on loans (32,425) (32,131) Total loan receivable, net of allowance for credit losses on loans $ 1,772,716 $ 1,755,209 The following table presents the collateral-dependent loans by portfolio segment and collateral type at June 30, 2024: (amounts in thousands) Real Estate Business Assets Other Commercial and Industrial $ 694 $ — $ — Construction 1,091 — — Commercial - Owner Occupied 1,117 — — Commercial - Non-owner Occupied 2,106 — — Residential - 1 to 4 Family 1,955 — — Residential - 1 to 4 Family Investment — — — Residential - Multifamily — — — Consumer — — — Total $ 6,963 $ — $ — The following table presents the collateral-dependent loans by portfolio segment and collateral type at December 31, 2023: (amounts in thousands) Real Estate Business Assets Other Commercial and Industrial $ 712 $ — $ — Construction 1,091 — — Commercial - Owner Occupied 1,117 — — Commercial - Non-owner Occupied 3,107 — — Residential - 1 to 4 Family 1,211 — — Residential - 1 to 4 Family Investment — — — Residential - Multifamily — — — Consumer — — — Total $ 7,238 $ — $ —
Summary of Age Analysis of Past Due Loans by Class	An age analysis of past due loans by class at June 30, 2024 and December 31, 2023 is as follows: June 30, 2024 30-59 60-89 Greater Total Past Current Total (Dollars in Thousands) Commercial and Industrial $ — $ — $ 694 $ 694 $ 35,260 $ 35,954 Construction — — 1,091 1,091 178,571 179,662 Real Estate Mortgage: Commercial – Owner Occupied — — 1,117 1,117 136,885 138,002 Commercial – Non-owner Occupied — 3,806 2,106 5,912 345,413 351,325 Residential – 1 to 4 Family 14 67 1,955 2,036 441,932 443,968 Residential – 1 to 4 Family Investment — 1,256 — 1,256 522,553 523,809 Residential – Multifamily — — — — 127,298 127,298 Consumer — — — — 5,123 5,123 Total Loans $ 14 $ 5,129 $ 6,963 $ 12,106 $ 1,793,035 $ 1,805,141 December 31, 2023 30-59 60-89 Greater Total Past Current Total (Dollars in thousands) Commercial and Industrial $ — $ — $ 712 $ 712 $ 34,739 $ 35,451 Construction — — 1,091 1,091 156,465 157,556 Real Estate Mortgage: Commercial – Owner Occupied — — 1,117 1,117 140,625 141,742 Commercial – Non-owner Occupied — 1,549 3,107 4,656 365,253 369,909 Residential – 1 to 4 Family 58 1,793 1,211 3,062 446,620 449,682 Residential – 1 to 4 Family Investment — 440 — 440 523,727 524,167 Residential – Multifamily — — — — 103,324 103,324 Consumer 66 — — 66 5,443 5,509 Total Loans $ 124 $ 3,782 $ 7,238 $ 11,144 $ 1,776,196 $ 1,787,340
Summary of Financing Receivable, Nonaccrual	The following table provides the amortized cost of loans on nonaccrual status: June 30, 2024 (amounts in thousands) Nonaccrual with no ACL Nonaccrual with ACL Total Nonaccrual Loans Past Due Over 90 Days Still Accruing Total Nonperforming Commercial and Industrial $ — $ 694 $ 694 $ — $ 694 Construction 1,091 — 1,091 — 1,091 Commercial - Owner Occupied 717 400 1,117 — 1,117 Commercial - Non-owner Occupied 2,106 — 2,106 — 2,106 Residential - 1 to 4 Family 1,209 746 1,955 — 1,955 Residential - 1 to 4 Family Investment — — — — — Residential - Multifamily — — — — — Consumer — — — — — Total $ 5,123 $ 1,840 $ 6,963 $ — $ 6,963 December 31, 2023 (amounts in thousands) Nonaccrual with no ACL Nonaccrual with ACL Total Nonaccrual Loans Past Due Over 90 Days Still Accruing Total Nonperforming Commercial and Industrial $ 277 $ 435 $ 712 $ — $ 712 Construction 1,091 — 1,091 — 1,091 Commercial - Owner Occupied 717 400 1,117 — 1,117 Commercial - Non-owner Occupied 3,107 — 3,107 — 3,107 Residential - 1 to 4 Family 1,211 — 1,211 — 1,211 Residential - 1 to 4 Family Investment — — — — — Residential - Multifamily — — — — — Consumer — — — — — Total $ 6,403 $ 835 $ 7,238 $ — $ 7,238
Summary of Analysis of Allowance for Loan Losses	The following tables present the information regarding the allowance for credit losses for the three and six months ended June 30, 2024 and 2023: Real Estate Mortgage Commercial and Industrial Construction Commercial Owner Occupied Commercial Non-owner Occupied Residential 1 to 4 Family Residential 1 to 4 Family Investment Residential Multifamily Consumer Total (Dollars in thousands) Three months ended June 30, 2024 March 31, 2024 $ 1,060 $ 3,033 $ 1,691 $ 5,386 $ 9,335 $ 9,596 $ 1,747 $ 70 $ 31,918 Charge-offs — — — — — — — (21) (21) Recoveries 2 — 1 — — — — — 3 Provisions (benefits) 6 959 (156) 28 (265) 87 (144) 10 525 Ending Balance at June 30, 2024 $ 1,068 $ 3,992 $ 1,536 $ 5,414 $ 9,070 $ 9,683 $ 1,603 $ 59 $ 32,425 Allowance for credit losses Six months ended June 30, 2024 December 31, 2023 $ 926 $ 3,347 $ 1,795 $ 7,108 $ 9,061 $ 8,783 $ 1,049 $ 62 $ 32,131 Charge-offs — — — — — — — (21) (21) Recoveries 24 — 1 — — — — — 25 Provisions (benefits) 118 645 (260) (1,694) 9 900 554 18 290 Ending Balance at June 30, 2024 $ 1,068 $ 3,992 $ 1,536 $ 5,414 $ 9,070 $ 9,683 $ 1,603 $ 59 $ 32,425 During the quarter, the increase to the Construction portfolio was due to an increase in the portfolio balance that increased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments. The decrease to the Commercial Owner Occupied, Residential 1 to 4 Family, and the Residential Multifamily portfolios is driven by changes to the qualitative factors related to concentration levels within the portfolio segments. For the year to date, the increase in the Construction and Residential Multifamily portfolios was due to increases in the portfolio balances that increased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments. The increase in the Residential 1 to 4 Family Investment portfolio was due to increase to the qualitative factors related to concentration and problem loan levels within the portfolio segments. The decrease to the Commercial Owner Occupied and Commercial Non-owner Occupied portfolios was due to decreases in the portfolio balances that decreased the loan exposure and also caused changes to the qualitative factors related to concentration levels within the portfolio segments. Real Estate Mortgage Commercial and Industrial Construction Commercial Owner Occupied Commercial Non-owner Occupied Residential 1 to 4 Family Residential 1 to 4 Family Investment Residential Multifamily Consumer Total (Dollars in thousands) Three months ended June 30, 2023 March 31, 2023 $ 738 $ 3,599 $ 1,876 $ 8,076 $ 7,806 $ 8,070 $ 1,238 $ 104 $ 31,507 Charge-offs — — — — — — — — — Recoveries 8 — — — — — — — 8 Provisions (benefits) (156) 379 (7) 722 (96) (330) (6) (6) 500 Ending Balance at June 30, 2023 $ 590 $ 3,978 $ 1,869 $ 8,798 $ 7,710 $ 7,740 $ 1,232 $ 98 $ 32,015 Six months ended June 30, 2023 December 31, 2022 $ 390 $ 2,581 $ 2,298 $ 9,709 $ 6,076 $ 9,381 $ 1,347 $ 63 $ 31,845 Impact of adoption ASC 326 168 1,899 (171) (951) 1,782 (794) (128) 53 1,858 Charge-offs — — — — — — — — — Recoveries 10 — 2 — — — — — 12 Provisions (benefits) 22 (502) (260) 40 (148) (847) 13 (18) (1,700) Ending Balance at September 30, 2022 $ 590 $ 3,978 $ 1,869 $ 8,798 $ 7,710 $ 7,740 $ 1,232 $ 98 $ 32,015
Summary of Analysis of Credit Risk Profile by Internally Assigned Grades	The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses, as of June 30, 2024. (Dollars in thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans at Amortized Cost Basis As of June 30, 2024 2024 2023 2022 2021 2020 Prior Total Commercial and Industrial Pass $ 1,053 $ 4,567 $ 1,378 $ 31 $ 709 $ 7,402 $ 20,120 $ 35,260 OAEM — — — — — — — — Substandard — — 417 — — — 277 694 Doubtful — — — — — — — — $ 1,053 $ 4,567 $ 1,795 $ 31 $ 709 $ 7,402 $ 20,397 $ 35,954 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass $ — $ 319 $ 2,637 $ — $ 195 $ — $ 175,420 $ 178,571 OAEM — — — — — — — — Substandard — — — — — 1,091 — 1,091 Doubtful — — — — — — — — $ — $ 319 $ 2,637 $ — $ 195 $ 1,091 $ 175,420 $ 179,662 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial – Owner Occupied Pass $ 863 $ 19,579 $ 35,294 $ 20,937 $ 6,873 $ 51,036 $ 2,303 $ 136,885 OAEM — — — — — — — — Substandard — — — — — 1,117 — 1,117 Doubtful — — — — — — — — $ 863 $ 19,579 $ 35,294 $ 20,937 $ 6,873 $ 52,153 $ 2,303 $ 138,002 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial – Non-owner Occupied Pass $ 25,758 $ 15,818 $ 75,158 $ 32,396 $ 24,388 $ 158,602 $ 1,739 $ 333,859 OAEM — — — — — 15,360 — 15,360 Substandard — — — — 249 1,857 — 2,106 Doubtful — — — — — — — — $ 25,758 $ 15,818 $ 75,158 $ 32,396 $ 24,637 $ 175,819 $ 1,739 $ 351,325 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – 1 to 4 Family Performing $ 20,992 $ 55,594 $ 113,448 $ 58,170 $ 31,790 $ 158,536 $ 3,483 $ 442,013 Nonperforming — — — — 758 1,197 — 1,955 $ 20,992 $ 55,594 $ 113,448 $ 58,170 $ 32,548 $ 159,733 $ 3,483 $ 443,968 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – 1 to 4 Family Investment Performing $ 30,224 $ 83,329 $ 133,412 $ 110,577 $ 46,762 $ 119,505 $ — $ 523,809 Nonperforming — — — — — — — — $ 30,224 $ 83,329 $ 133,412 $ 110,577 $ 46,762 $ 119,505 $ — $ 523,809 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – Multifamily Pass $ 997 $ 5,298 $ 45,801 $ 25,747 $ 12,020 $ 37,435 $ — $ 127,298 OAEM — — — — — — — $ — Substandard — — — — — — — $ — Doubtful — — — — — — — — $ 997 $ 5,298 $ 45,801 $ 25,747 $ 12,020 $ 37,435 $ — $ 127,298 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ — $ — $ — $ — $ 5,123 $ — $ 5,123 Nonperforming — — — — — — — — $ — $ — $ — $ — $ — $ 5,123 $ — $ 5,123 Current period gross charge-offs $ — $ — $ — $ — $ — $ 21 $ — $ 21 The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses, as of December 31, 2023. (Dollars in thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans at Amortized Cost Basis As of December 31, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and Industrial Pass $ 4,724 $ 1,269 $ 87 $ 759 $ 598 $ 7,154 $ 20,148 $ 34,739 OAEM — — — — — — — — Substandard — 435 — — — — 277 712 Doubtful — — — — — — — — $ 4,724 $ 1,704 $ 87 $ 759 $ 598 $ 7,154 $ 20,425 $ 35,451 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass $ 323 $ 3,335 $ 4,499 $ 195 $ — $ — $ 148,113 $ 156,465 OAEM — — — — — — — — Substandard — — — — — 1,091 — 1,091 Doubtful — — — — — — — — $ 323 $ 3,335 $ 4,499 $ 195 $ — $ 1,091 $ 148,113 $ 157,556 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial – Owner Occupied Pass $ 19,842 $ 36,030 $ 21,536 $ 7,104 $ 8,346 $ 45,249 $ 2,518 $ 140,625 OAEM — — — — — — — — Substandard — — — — — 1,117 — 1,117 Doubtful — — — — — — — — $ 19,842 $ 36,030 $ 21,536 $ 7,104 $ 8,346 $ 46,366 $ 2,518 $ 141,742 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial – Non-owner Occupied Pass $ 19,123 $ 93,805 $ 37,002 $ 33,316 $ 54,484 $ 112,471 $ 1,180 $ 351,381 OAEM — — — — — 15,421 — 15,421 Substandard — — — 250 2,586 271 — 3,107 Doubtful — — — — — — — — $ 19,123 $ 93,805 $ 37,002 $ 33,566 $ 57,070 $ 128,163 $ 1,180 $ 369,909 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – 1 to 4 Family Performing $ 58,358 $ 117,044 $ 61,580 $ 33,037 $ 25,623 $ 148,124 $ 4,705 $ 448,471 Nonperforming 155 — — 285 771 — — 1,211 $ 58,513 $ 117,044 $ 61,580 $ 33,322 $ 26,394 $ 148,124 $ 4,705 $ 449,682 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – 1 to 4 Family Investment Performing $ 87,734 $ 138,884 $ 116,487 $ 50,119 $ 54,576 $ 76,367 $ — $ 524,167 Nonperforming — — — — — — — — $ 87,734 $ 138,884 $ 116,487 $ 50,119 $ 54,576 $ 76,367 $ — $ 524,167 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential – Multifamily Pass $ 2,292 $ 23,030 $ 27,006 $ 12,159 $ 9,989 $ 28,848 $ — $ 103,324 OAEM — — — — — — — $ — Substandard — — — — — — — $ — Doubtful — — — — — — — — $ 2,292 $ 23,030 $ 27,006 $ 12,159 $ 9,989 $ 28,848 $ — $ 103,324 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ — $ — $ — $ — $ 5,493 $ 16 $ 5,509 Nonperforming — — — — — — — — $ — $ — $ — $ — $ — $ 5,493 $ 16 $ 5,509 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ —

EARNINGS PER SHARE ("EPS") (Tab

EARNINGS PER SHARE ("EPS") (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Summary of Calculation of Basic and Diluted EPS	The following tables set forth the calculation of basic and diluted EPS for the three and six-month periods ended June 30, 2024 and 2023. Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 (Dollars in thousands except share and per share data) Basic earnings per common share Net income available to the Company $ 6,455 $ 8,130 $ 12,606 $ 19,260 Less: Dividend on series B preferred stock (5) (7) (11) (14) Net income available to common shareholders 6,450 8,123 12,595 19,246 Basic weighted-average common shares outstanding 11,962,197 11,945,424 11,960,487 11,944,794 Basic earnings per common share $ 0.54 $ 0.68 $ 1.05 $ 1.61 Diluted earnings per common share Net income available to common shares $ 6,450 $ 8,123 $ 12,595 $ 19,246 Add: Dividend on series B preferred stock 5 7 11 14 Net income available to diluted common shares 6,455 8,130 12,606 19,260 Basic weighted-average common shares outstanding 11,962,197 11,945,424 11,960,487 11,944,794 Dilutive potential common shares 157,162 173,580 165,059 195,105 Diluted weighted-average common shares outstanding 12,119,359 12,119,004 12,125,546 12,139,899 Diluted earnings per common share $ 0.53 $ 0.67 $ 1.04 $ 1.59

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The table below presents the balances of assets and liabilities measured at fair value on a recurring basis. Financial Assets Level 1 Level 2 Level 3 Total (Dollars in thousands) Available for Sale Securities As of June 30, 2024 Residential mortgage-backed securities $ — $ 6,258 $ — $ 6,258 Total $ — $ 6,258 $ — $ 6,258 As of December 31, 2023 Residential mortgage-backed securities — 7,095 — 7,095 Total $ — $ 7,095 $ — $ 7,095
Summary of Fair Value on a Non-recurring Basis	Certain assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial Assets Level 1 Level 2 Level 3 Total (Dollars in thousands) As of June 30, 2024 Collateral-dependent loans $ — $ — $ 2,181 $ 2,181 OREO — — 1,558 1,558 As of December 31, 2023 Collateral-dependent loans $ — $ — $ 1,655 $ 1,655 OREO — — 1,550 1,550
Summary of Carrying Value and Fair Value of Financial Instruments	The following table summarizes the carrying amounts and fair values for financial instruments that are not carried at fair value at June 30, 2024 and December 31, 2023: June 30, 2024 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets: Investment securities HTM $ 9,251 $ 7,564 $ — $ 7,564 $ — Loans, net 1,772,716 1,757,297 — 1,747,119 10,178 Financial Liabilities: Time deposits $ 559,216 $ 557,738 $ — $ 557,738 $ — Borrowings 218,206 222,667 — 222,667 — December 31, 2023 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets: Investment securities HTM $ 9,292 $ 7,892 $ — $ 7,892 $ — Loans, net 1,755,209 1,727,842 — 1,718,866 8,976 Financial Liabilities: Time deposits $ 607,070 $ 605,216 $ — $ 605,216 $ — Borrowings 168,111 172,985 — 172,985 —

ORGANIZATION (Details)

ORGANIZATION (Details)	6 Months Ended
	Jun. 30, 2024 branch
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Date of commencement of operations	Jan. 28, 1999
Number of additional branch office locations	6

INVESTMENT SECURITIES - Investm

INVESTMENT SECURITIES - Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available for sale:
Amortized cost	$ 6,804	$ 7,639
Gross unrealized gains	1	3
Gross unrealized losses	547	547
Fair value	6,258	7,095
Held to maturity:
Amortized cost	9,251	9,292
Gross unrealized gains	5	38
Gross unrealized losses	1,692	1,438
Fair value	7,564	7,892
Residential mortgage-backed securities
Available for sale:
Amortized cost	6,804	7,639
Gross unrealized gains	1	3
Gross unrealized losses	547	547
Fair value	6,258	7,095
Held to maturity:
Amortized cost	5,332	5,406
Gross unrealized gains	0	0
Gross unrealized losses	1,179	1,054
Fair value	4,153	4,352
States and political subdivisions
Held to maturity:
Amortized cost	3,919	3,886
Gross unrealized gains	5	38
Gross unrealized losses	513	384
Fair value	$ 3,411	$ 3,540

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available for sale, Amortized Cost
Due within one year	$ 0
Due after one year through five years	2,576
Due after five years through ten years	850
Due after ten years	3,378
Amortized cost	6,804	$ 7,639
Available for sale, Fair Value
Due within one year	0
Due after one year through five years	2,406
Due after five years through ten years	788
Due after ten years	3,064
Total available for sale	6,258	7,095
Held to maturity, Amortized Cost
Due within one year	0
Due after one year through five years	1,446
Due after five years through ten years	1,507
Due after ten years	6,298
Amortized cost	9,251	9,292
Held to maturity, Fair Value
Due within one year	0
Due after one year through five years	1,451
Due after five years through ten years	1,205
Due after ten years	4,908
Total held to maturity	$ 7,564	$ 7,892

INVESTMENT SECURITIES - Gross U

INVESTMENT SECURITIES - Gross Unrealized Losses and Fair Value of Investments with Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available for sale:
Less Than 12 Months, Fair Value	$ 130	$ 25
12 Months or Greater, Fair value	6,070	6,870
Total, Fair Value	6,200	6,895
Less Than 12 Months, Unrealized Losses	1	0
12 Months or Greater, Unrealized Losses	546	547
Total, Unrealized Losses	547	547
Residential mortgage-backed securities
Available for sale:
Less Than 12 Months, Fair Value	130	25
12 Months or Greater, Fair value	6,070	6,870
Total, Fair Value	6,200	6,895
Less Than 12 Months, Unrealized Losses	1	0
12 Months or Greater, Unrealized Losses	546	547
Total, Unrealized Losses	$ 547	$ 547

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - Residential mortgage-backed securities	Jun. 30, 2024 security
Debt Securities, Available-for-sale [Line Items]
Number of debt securities, loss position, less than 12 months	11
Number of debt securities, loss position, 12 months or greater	16

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - Additional Information (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) loan	Dec. 31, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of unearned income	$ 1,805,141,000	$ 1,787,340,000
Unearned income, net deferred loan fees and unamortized discounts and premiums	2,100,000	2,700,000
Off-balance-sheet, credit exposure	896,000	499,000
Off-balance-sheet, credit loss liability	177,700,000	133,700,000
Mortgage loans in process of foreclosure, amount	6,400,000
Real Estate Mortgage | Residential – 1 to 4 Family
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of unearned income	443,968,000	449,682,000
Mortgage loans in process of foreclosure, amount	$ 1,900,000
Number of loans | loan	12
Real Estate Mortgage | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of unearned income	$ 138,002,000	141,742,000
Mortgage loans in process of foreclosure, amount	$ 1,100,000
Number of loans | loan	2
Real Estate Mortgage | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of unearned income	$ 351,325,000	$ 369,909,000
Mortgage loans in process of foreclosure, amount	$ 3,300,000
Number of loans | loan	8

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - Portfolio of Loans Outstanding (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 1,805,141		$ 1,787,340
Allowance for credit losses on loans	(32,425)	$ (31,918)	(32,131)	$ (32,015)	$ (31,507)	$ (31,845)
Net loans	1,772,716		1,755,209
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	35,954		35,451
Allowance for credit losses on loans	(1,068)	(1,060)	(926)	(590)	(738)	(390)
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	179,662		157,556
Allowance for credit losses on loans	(3,992)	(3,033)	(3,347)	(3,978)	(3,599)	(2,581)
Real Estate Mortgage | Commercial – Owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	138,002		141,742
Allowance for credit losses on loans	(1,536)	(1,691)	(1,795)	(1,869)	(1,876)	(2,298)
Real Estate Mortgage | Commercial – Non-owner Occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	351,325		369,909
Allowance for credit losses on loans	(5,414)	(5,386)	(7,108)	(8,798)	(8,076)	(9,709)
Real Estate Mortgage | Residential – 1 to 4 Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	443,968		449,682
Allowance for credit losses on loans	(9,070)	(9,335)	(9,061)	(7,710)	(7,806)	(6,076)
Real Estate Mortgage | Residential – 1 to 4 Family Investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	523,809		524,167
Allowance for credit losses on loans	(9,683)	(9,596)	(8,783)	(7,740)	(8,070)	(9,381)
Real Estate Mortgage | Residential – Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	127,298		103,324
Allowance for credit losses on loans	(1,603)	(1,747)	(1,049)	(1,232)	(1,238)	(1,347)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	5,123		5,509
Allowance for credit losses on loans	$ (59)	$ (70)	$ (62)	$ (98)	$ (104)	$ (63)

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 1,805,141	$ 1,787,340
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	12,106	11,144
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	14	124
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	5,129	3,782
Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	6,963	7,238
Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,793,035	1,776,196
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	35,954	35,451
Commercial and Industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	694	712
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial and Industrial | Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	694	712
Commercial and Industrial | Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	35,260	34,739
Construction
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	179,662	157,556
Construction | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,091	1,091
Construction | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Construction | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Construction | Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,091	1,091
Construction | Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	178,571	156,465
Real Estate Mortgage | Commercial – Owner Occupied
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	138,002	141,742
Real Estate Mortgage | Commercial – Owner Occupied | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,117	1,117
Real Estate Mortgage | Commercial – Owner Occupied | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Commercial – Owner Occupied | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Commercial – Owner Occupied | Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,117	1,117
Real Estate Mortgage | Commercial – Owner Occupied | Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	136,885	140,625
Real Estate Mortgage | Commercial – Non-owner Occupied
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	351,325	369,909
Real Estate Mortgage | Commercial – Non-owner Occupied | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	5,912	4,656
Real Estate Mortgage | Commercial – Non-owner Occupied | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Commercial – Non-owner Occupied | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	3,806	1,549
Real Estate Mortgage | Commercial – Non-owner Occupied | Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,106	3,107
Real Estate Mortgage | Commercial – Non-owner Occupied | Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	345,413	365,253
Real Estate Mortgage | Residential – 1 to 4 Family
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	443,968	449,682
Real Estate Mortgage | Residential – 1 to 4 Family | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,036	3,062
Real Estate Mortgage | Residential – 1 to 4 Family | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	14	58
Real Estate Mortgage | Residential – 1 to 4 Family | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	67	1,793
Real Estate Mortgage | Residential – 1 to 4 Family | Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,955	1,211
Real Estate Mortgage | Residential – 1 to 4 Family | Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	441,932	446,620
Real Estate Mortgage | Residential – 1 to 4 Family Investment
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	523,809	524,167
Real Estate Mortgage | Residential – 1 to 4 Family Investment | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,256	440
Real Estate Mortgage | Residential – 1 to 4 Family Investment | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Residential – 1 to 4 Family Investment | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,256	440
Real Estate Mortgage | Residential – 1 to 4 Family Investment | Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Residential – 1 to 4 Family Investment | Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	522,553	523,727
Real Estate Mortgage | Residential – Multifamily
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	127,298	103,324
Real Estate Mortgage | Residential – Multifamily | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Residential – Multifamily | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Residential – Multifamily | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Residential – Multifamily | Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Real Estate Mortgage | Residential – Multifamily | Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	127,298	103,324
Consumer
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	5,123	5,509
Consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	66
Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	66
Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Consumer | Greater than 90 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Consumer | Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 5,123	$ 5,443

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - Nonaccrual Status (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	$ 5,123	$ 6,403
Nonaccrual with ACL	1,840	835
Total Nonaccrual	6,963	7,238
Loans > 90 Days and Accruing	0	0
Total Nonperforming	6,963	7,238
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	0	277
Nonaccrual with ACL	694	435
Total Nonaccrual	694	712
Loans > 90 Days and Accruing	0	0
Total Nonperforming	694	712
Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	1,091	1,091
Nonaccrual with ACL	0	0
Total Nonaccrual	1,091	1,091
Loans > 90 Days and Accruing	0	0
Total Nonperforming	1,091	1,091
Real Estate Mortgage | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	717	717
Nonaccrual with ACL	400	400
Total Nonaccrual	1,117	1,117
Loans > 90 Days and Accruing	0	0
Total Nonperforming	1,117	1,117
Real Estate Mortgage | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	2,106	3,107
Nonaccrual with ACL	0	0
Total Nonaccrual	2,106	3,107
Loans > 90 Days and Accruing	0	0
Total Nonperforming	2,106	3,107
Real Estate Mortgage | Residential – 1 to 4 Family
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	1,209	1,211
Nonaccrual with ACL	746	0
Total Nonaccrual	1,955	1,211
Loans > 90 Days and Accruing	0	0
Total Nonperforming	1,955	1,211
Real Estate Mortgage | Residential – 1 to 4 Family Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	0	0
Nonaccrual with ACL	0	0
Total Nonaccrual	0	0
Loans > 90 Days and Accruing	0	0
Total Nonperforming	0	0
Real Estate Mortgage | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	0	0
Nonaccrual with ACL	0	0
Total Nonaccrual	0	0
Loans > 90 Days and Accruing	0	0
Total Nonperforming	0	0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Nonaccrual with no ACL	0	0
Nonaccrual with ACL	0	0
Total Nonaccrual	0	0
Loans > 90 Days and Accruing	0	0
Total Nonperforming	$ 0	$ 0

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Allowance for Loan Losses [Roll Forward]
Beginning balance	$ 31,918	$ 31,507	$ 32,131	$ 31,845	$ 31,845
Charge-offs	(21)	0	(21)	0
Recoveries	3	8	25	12
Provisions (benefits)	525	500	290	(1,700)
Ending balance	32,425	32,015	32,425	32,015	32,131
Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				1,858	1,858
Commercial and Industrial
Allowance for Loan Losses [Roll Forward]
Beginning balance	1,060	738	926	390	390
Charge-offs	0	0	0	0	0
Recoveries	2	8	24	10
Provisions (benefits)	6	(156)	118	22
Ending balance	1,068	590	1,068	590	926
Commercial and Industrial | Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				168	168
Construction
Allowance for Loan Losses [Roll Forward]
Beginning balance	3,033	3,599	3,347	2,581	2,581
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Provisions (benefits)	959	379	645	(502)
Ending balance	3,992	3,978	3,992	3,978	3,347
Construction | Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				1,899	1,899
Real Estate Mortgage | Commercial Owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning balance	1,691	1,876	1,795	2,298	2,298
Charge-offs	0	0	0	0	0
Recoveries	1	0	1	2
Provisions (benefits)	(156)	(7)	(260)	(260)
Ending balance	1,536	1,869	1,536	1,869	1,795
Real Estate Mortgage | Commercial Owner Occupied | Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				(171)	(171)
Real Estate Mortgage | Commercial Non-owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning balance	5,386	8,076	7,108	9,709	9,709
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Provisions (benefits)	28	722	(1,694)	40
Ending balance	5,414	8,798	5,414	8,798	7,108
Real Estate Mortgage | Commercial Non-owner Occupied | Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				(951)	(951)
Real Estate Mortgage | Residential 1 to 4 Family
Allowance for Loan Losses [Roll Forward]
Beginning balance	9,335	7,806	9,061	6,076	6,076
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Provisions (benefits)	(265)	(96)	9	(148)
Ending balance	9,070	7,710	9,070	7,710	9,061
Real Estate Mortgage | Residential 1 to 4 Family | Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				1,782	1,782
Real Estate Mortgage | Residential – 1 to 4 Family Investment
Allowance for Loan Losses [Roll Forward]
Beginning balance	9,596	8,070	8,783	9,381	9,381
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Provisions (benefits)	87	(330)	900	(847)
Ending balance	9,683	7,740	9,683	7,740	8,783
Real Estate Mortgage | Residential – 1 to 4 Family Investment | Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				(794)	(794)
Real Estate Mortgage | Residential Multifamily
Allowance for Loan Losses [Roll Forward]
Beginning balance	1,747	1,238	1,049	1,347	1,347
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Provisions (benefits)	(144)	(6)	554	13
Ending balance	1,603	1,232	1,603	1,232	1,049
Real Estate Mortgage | Residential Multifamily | Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				(128)	(128)
Consumer
Allowance for Loan Losses [Roll Forward]
Beginning balance	70	104	62	63	63
Charge-offs	(21)	0	(21)	0	0
Recoveries	0	0	0	0
Provisions (benefits)	10	(6)	18	(18)
Ending balance	$ 59	$ 98	$ 59	98	62
Consumer | Accounting Standards Update 2016-13
Allowance for Loan Losses [Roll Forward]
Beginning balance				$ 53	$ 53

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - Collateral Held Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 6,963	$ 7,238
Real Estate | Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	694	712
Real Estate | Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	1,091	1,091
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	1,117	1,117
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	2,106	3,107
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	1,955	1,211
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Real Estate | Real Estate Mortgage | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Real Estate | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets | Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets | Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets | Real Estate Mortgage | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets | Real Estate Mortgage | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets | Real Estate Mortgage | Residential – 1 to 4 Family
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets | Real Estate Mortgage | Residential – 1 to 4 Family Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets | Real Estate Mortgage | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Business Assets | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other | Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other | Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other | Real Estate Mortgage | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other | Real Estate Mortgage | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other | Real Estate Mortgage | Residential – 1 to 4 Family
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other | Real Estate Mortgage | Residential – 1 to 4 Family Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other | Real Estate Mortgage | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	0	0
Other | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 0	$ 0

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS - Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 1,805,141		$ 1,805,141		$ 1,787,340
Current period gross charge-offs
Total	21	$ 0	21	$ 0
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	1,053		1,053		4,724
2023	4,567		4,567		1,704
2022	1,795		1,795		87
2021	31		31		759
2020	709		709		598
Prior	7,402		7,402		7,154
Revolving Loans at Amortized Cost Basis	20,397		20,397		20,425
Total	35,954		35,954		35,451
Current period gross charge-offs
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving Loans at Amortized Cost Basis			0		0
Total	0	0	0	0	0
Commercial and Industrial | Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	1,053		1,053		4,724
2023	4,567		4,567		1,269
2022	1,378		1,378		87
2021	31		31		759
2020	709		709		598
Prior	7,402		7,402		7,154
Revolving Loans at Amortized Cost Basis	20,120		20,120		20,148
Total	35,260		35,260		34,739
Commercial and Industrial | OAEM
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Commercial and Industrial | Substandard
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		435
2022	417		417		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	277		277		277
Total	694		694		712
Commercial and Industrial | Doubtful
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		323
2023	319		319		3,335
2022	2,637		2,637		4,499
2021	0		0		195
2020	195		195		0
Prior	1,091		1,091		1,091
Revolving Loans at Amortized Cost Basis	175,420		175,420		148,113
Total	179,662		179,662		157,556
Current period gross charge-offs
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving Loans at Amortized Cost Basis			0		0
Total	0	0	0	0	0
Construction | Pass
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		323
2023	319		319		3,335
2022	2,637		2,637		4,499
2021	0		0		195
2020	195		195		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	175,420		175,420		148,113
Total	178,571		178,571		156,465
Construction | OAEM
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Construction | Substandard
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	1,091		1,091		1,091
Revolving Loans at Amortized Cost Basis	0		0		0
Total	1,091		1,091		1,091
Construction | Doubtful
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Real Estate Mortgage | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	863		863		19,842
2023	19,579		19,579		36,030
2022	35,294		35,294		21,536
2021	20,937		20,937		7,104
2020	6,873		6,873		8,346
Prior	52,153		52,153		46,366
Revolving Loans at Amortized Cost Basis	2,303		2,303		2,518
Total	138,002		138,002		141,742
Current period gross charge-offs
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving Loans at Amortized Cost Basis			0		0
Total	0	0	0	0	0
Real Estate Mortgage | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	25,758		25,758		19,123
2023	15,818		15,818		93,805
2022	75,158		75,158		37,002
2021	32,396		32,396		33,566
2020	24,637		24,637		57,070
Prior	175,819		175,819		128,163
Revolving Loans at Amortized Cost Basis	1,739		1,739		1,180
Total	351,325		351,325		369,909
Current period gross charge-offs
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving Loans at Amortized Cost Basis			0		0
Total	0	0	0	0	0
Real Estate Mortgage | Residential – 1 to 4 Family
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	20,992		20,992		58,513
2023	55,594		55,594		117,044
2022	113,448		113,448		61,580
2021	58,170		58,170		33,322
2020	32,548		32,548		26,394
Prior	159,733		159,733		148,124
Revolving Loans at Amortized Cost Basis	3,483		3,483		4,705
Total	443,968		443,968		449,682
Current period gross charge-offs
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving Loans at Amortized Cost Basis			0		0
Total	0	0	0	0	0
Real Estate Mortgage | Residential – 1 to 4 Family | Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	20,992		20,992		58,358
2023	55,594		55,594		117,044
2022	113,448		113,448		61,580
2021	58,170		58,170		33,037
2020	31,790		31,790		25,623
Prior	158,536		158,536		148,124
Revolving Loans at Amortized Cost Basis	3,483		3,483		4,705
Total	442,013		442,013		448,471
Real Estate Mortgage | Residential – 1 to 4 Family | Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		155
2023	0		0		0
2022	0		0		0
2021	0		0		285
2020	758		758		771
Prior	1,197		1,197		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	1,955		1,955		1,211
Real Estate Mortgage | Residential – 1 to 4 Family Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	30,224		30,224		87,734
2023	83,329		83,329		138,884
2022	133,412		133,412		116,487
2021	110,577		110,577		50,119
2020	46,762		46,762		54,576
Prior	119,505		119,505		76,367
Revolving Loans at Amortized Cost Basis	0		0		0
Total	523,809		523,809		524,167
Current period gross charge-offs
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving Loans at Amortized Cost Basis			0		0
Total	0	0	0	0	0
Real Estate Mortgage | Residential – 1 to 4 Family Investment | Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	30,224		30,224		87,734
2023	83,329		83,329		138,884
2022	133,412		133,412		116,487
2021	110,577		110,577		50,119
2020	46,762		46,762		54,576
Prior	119,505		119,505		76,367
Revolving Loans at Amortized Cost Basis	0		0		0
Total	523,809		523,809		524,167
Real Estate Mortgage | Residential – 1 to 4 Family Investment | Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Real Estate Mortgage | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	997		997		2,292
2023	5,298		5,298		23,030
2022	45,801		45,801		27,006
2021	25,747		25,747		12,159
2020	12,020		12,020		9,989
Prior	37,435		37,435		28,848
Revolving Loans at Amortized Cost Basis	0		0		0
Total	127,298		127,298		103,324
Current period gross charge-offs
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving Loans at Amortized Cost Basis			0		0
Total	0	0	0	0	0
Real Estate Mortgage | Pass | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	863		863		19,842
2023	19,579		19,579		36,030
2022	35,294		35,294		21,536
2021	20,937		20,937		7,104
2020	6,873		6,873		8,346
Prior	51,036		51,036		45,249
Revolving Loans at Amortized Cost Basis	2,303		2,303		2,518
Total	136,885		136,885		140,625
Real Estate Mortgage | Pass | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	25,758		25,758		19,123
2023	15,818		15,818		93,805
2022	75,158		75,158		37,002
2021	32,396		32,396		33,316
2020	24,388		24,388		54,484
Prior	158,602		158,602		112,471
Revolving Loans at Amortized Cost Basis	1,739		1,739		1,180
Total	333,859		333,859		351,381
Real Estate Mortgage | Pass | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	997		997		2,292
2023	5,298		5,298		23,030
2022	45,801		45,801		27,006
2021	25,747		25,747		12,159
2020	12,020		12,020		9,989
Prior	37,435		37,435		28,848
Revolving Loans at Amortized Cost Basis	0		0		0
Total	127,298		127,298		103,324
Real Estate Mortgage | OAEM | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Real Estate Mortgage | OAEM | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	15,360		15,360		15,421
Revolving Loans at Amortized Cost Basis	0		0		0
Total	15,360		15,360		15,421
Real Estate Mortgage | OAEM | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Real Estate Mortgage | Substandard | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	1,117		1,117		1,117
Revolving Loans at Amortized Cost Basis	0		0		0
Total	1,117		1,117		1,117
Real Estate Mortgage | Substandard | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		250
2020	249		249		2,586
Prior	1,857		1,857		271
Revolving Loans at Amortized Cost Basis	0		0		0
Total	2,106		2,106		3,107
Real Estate Mortgage | Substandard | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Real Estate Mortgage | Doubtful | Commercial – Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Real Estate Mortgage | Doubtful | Commercial – Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Real Estate Mortgage | Doubtful | Residential – Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	0		0		0
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	5,123		5,123		5,493
Revolving Loans at Amortized Cost Basis	0		0		16
Total	5,123		5,123		5,509
Current period gross charge-offs
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			21		0
Revolving Loans at Amortized Cost Basis			0		0
Total	21	$ 0	21	$ 0	0
Consumer | Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	5,123		5,123		5,493
Revolving Loans at Amortized Cost Basis	0		0		16
Total	5,123		5,123		5,509
Consumer | Nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans at Amortized Cost Basis	0		0		0
Total	$ 0		$ 0		$ 0

EARNINGS PER SHARE ("EPS") - Ba

EARNINGS PER SHARE ("EPS") - Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic earnings per common share
Net income available to the Company	$ 6,455	$ 8,130	$ 12,606	$ 19,260
Less: Dividend on series B preferred stock	(5)	(7)	(11)	(14)
Net income available to common shareholders	$ 6,450	$ 8,123	$ 12,595	$ 19,246
Basic weighted-average common shares outstanding (in shares)	11,962,197	11,945,424	11,960,487	11,944,794
Basic earnings per common share (in dollars per share)	$ 0.54	$ 0.68	$ 1.05	$ 1.61
Diluted earnings per common share
Net income available to common shares	$ 6,450	$ 8,123	$ 12,595	$ 19,246
Add: Dividend on series B preferred stock	5	7	11	14
Net income available to diluted common shares	$ 6,455	$ 8,130	$ 12,606	$ 19,260
Basic weighted-average common shares outstanding (in shares)	11,962,197	11,945,424	11,960,487	11,944,794
Dilutive potential common shares (in shares)	157,162	173,580	165,059	195,105
Diluted weighted-average common shares outstanding (in shares)	12,119,359	12,119,004	12,125,546	12,139,899
Diluted earnings per common share (in dollars per share)	$ 0.53	$ 0.67	$ 1.04	$ 1.59

EARNINGS PER SHARE ("EPS") - Ad

EARNINGS PER SHARE ("EPS") - Additional Information (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Weighted average outstanding options (in shares)	312,630	330,536

FAIR VALUE - Assets and Liabili

FAIR VALUE - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 6,258	$ 7,095
Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities AFS	6,258	7,095
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities AFS	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	6,258	7,095
Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities AFS	6,258	7,095
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities AFS	$ 0	$ 0

FAIR VALUE - Fair Value on a No

FAIR VALUE - Fair Value on a Non-recurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent loans	$ 2,181	$ 1,655
OREO	1,558	1,550
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent loans	0	0
OREO	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent loans	0	0
OREO	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent loans	2,181	1,655
OREO	$ 1,558	$ 1,550

FAIR VALUE - Carrying Value and

FAIR VALUE - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial Assets:
Investment securities HTM	$ 7,564	$ 7,892
Carrying Amount
Financial Assets:
Investment securities HTM	9,251	9,292
Loans, net	1,772,716	1,755,209
Financial Liabilities:
Time deposits	559,216	607,070
Borrowings	218,206	168,111
Fair Value
Financial Assets:
Investment securities HTM	7,564	7,892
Loans, net	1,757,297	1,727,842
Financial Liabilities:
Time deposits	557,738	605,216
Borrowings	222,667	172,985
Fair Value | Level 1
Financial Assets:
Investment securities HTM	0	0
Loans, net	0	0
Financial Liabilities:
Time deposits	0	0
Borrowings	0	0
Fair Value | Level 2
Financial Assets:
Investment securities HTM	7,564	7,892
Loans, net	1,747,119	1,718,866
Financial Liabilities:
Time deposits	557,738	605,216
Borrowings	222,667	172,985
Fair Value | Level 3
Financial Assets:
Investment securities HTM	0	0
Loans, net	10,178	8,976
Financial Liabilities:
Time deposits	0	0
Borrowings	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 26, 2024
Debt Instrument [Line Items]
Off-balance-sheet, credit exposure	$ 896,000	$ 499,000
Deposits	1,496,441,000	1,552,827,000
Loans, net of unearned income	1,805,141,000	1,787,340,000
Cannabis related loan
Debt Instrument [Line Items]
Loans, net of unearned income	29,500,000	27,100,000
Cannabis Customers
Debt Instrument [Line Items]
Deposits	$ 142,500,000	$ 96,700,000
Product concentration risk | Deposits | Cannabis Customers
Debt Instrument [Line Items]
Concentration risk, percentage	9.50%	6.20%
Customer concentration risk | Medical use cannabis customers, deposit balances | Two customers
Debt Instrument [Line Items]
Concentration risk, percentage	66.10%	60.60%
Line of credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 60,000,000
Line of credit, outstanding	$ 0
Commitments to extend credit
Debt Instrument [Line Items]
Off-balance sheet commitments	114,800,000	$ 93,800,000
Standby letters of credit
Debt Instrument [Line Items]
Off-balance sheet commitments	$ 600,000	$ 1,500,000

Uncategorized Items - pkbk-2024

Label	Element	Value
Payments for Conversion of Preferred Stock	pkbk_PaymentsForConversionOfPreferredStock	$ 1,000
Payments for Conversion of Preferred Stock	pkbk_PaymentsForConversionOfPreferredStock	$ 0