Capital Bancorp (CBNK) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 07, 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	001-38671
Entity Registrant Name	CAPITAL BANCORP INC
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	52-2083046
Entity Address, Address Line One	2275 Research Boulevard
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Rockville
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20850
City Area Code	301
Local Phone Number	468-8848
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	CBNK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,912,845
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001419536
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 19,294	$ 14,513
Interest-bearing deposits at other financial institutions	117,160	39,044
Federal funds sold	57	407
Total cash and cash equivalents	136,511	53,964
Investment securities available for sale	207,917	208,329
Restricted investments	4,930	4,353
Loans held for sale	19,219	7,481
Portfolio loans receivable, net of deferred fees and costs	2,021,588	1,903,288
Less allowance for credit losses	(30,832)	(28,610)
Total portfolio loans held for investment, net	1,990,756	1,874,678
Premises and equipment, net	5,551	5,069
Accrued interest receivable	12,162	11,494
Deferred tax asset	12,150	12,252
Bank owned life insurance	38,414	37,711
Accounts receivable	1,336	1,055
Other assets	9,637	9,790
Total assets	2,438,583	2,226,176
Deposits
Noninterest-bearing	684,574	617,373
Interest-bearing	1,415,854	1,278,623
Total deposits	2,100,428	1,895,996
Federal Home Loan Bank advances	32,000	22,000
Other borrowed funds	12,062	27,062
Accrued interest payable	6,573	5,583
Other liabilities	19,666	20,675
Total liabilities	2,170,729	1,971,316
Stockholders' equity
Common stock, $0.01 par value; 49,000,000 shares authorized; 13,910,467 issued and outstanding at June 30, 2024; 13,922,532 issued and outstanding at December 31, 2023	139	139
Additional paid-in capital	55,005	54,473
Retained earnings	225,824	213,345
Accumulated other comprehensive loss	(13,114)	(13,097)
Total stockholders' equity	267,854	254,860
Total liabilities and stockholders' equity	$ 2,438,583	$ 2,226,176

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	49,000,000	49,000,000
Common stock, shares issued (in shares)	13,910,467	13,922,532
Common stock, shares outstanding (in shares)	13,910,467	13,922,532

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income
Loans, including fees	$ 48,275	$ 42,991	$ 94,266	$ 84,266
Investment securities available for sale	1,308	1,266	2,559	2,643
Federal funds sold and other	1,032	823	2,159	1,587
Total interest income	50,615	45,080	98,984	88,496
Interest expense
Deposits	13,050	9,409	25,883	17,163
Borrowed funds	508	331	1,036	1,506
Total interest expense	13,558	9,740	26,919	18,669
Net interest income	37,057	35,340	72,065	69,827
Provision for credit losses	3,417	2,862	6,144	4,522
Provision for (release of) credit losses on unfunded commitments	104	0	246	(19)
Net interest income after provision for credit losses	33,536	32,478	65,675	65,324
Noninterest income
Other income	370	404	801	836
Total noninterest income	6,890	6,687	12,862	12,713
Noninterest expenses
Salaries and employee benefits	13,272	12,143	26,179	24,697
Occupancy and equipment	1,864	1,536	3,477	2,749
Professional fees	1,769	2,608	3,716	4,982
Data processing	6,788	6,559	13,549	13,089
Advertising	2,072	2,646	4,104	3,163
Loan processing	476	660	847	1,009
Foreclosed real estate expenses, net	0	0	1	6
Merger-related expenses	83	0	795	0
Operational losses	782	1,206	1,713	2,170
Other operating	2,387	2,234	4,599	3,949
Total noninterest expenses	29,493	29,592	58,980	55,814
Income before income taxes	10,933	9,573	19,557	22,223
Income tax expense	2,728	2,255	4,790	5,170
Net income	$ 8,205	$ 7,318	$ 14,767	$ 17,053
Basic earnings per share (in dollars per share)	$ 0.59	$ 0.52	$ 1.06	$ 1.21
Diluted earnings per share (in dollars per share)	$ 0.59	$ 0.52	$ 1.06	$ 1.20
Weighted average common shares outstanding:
Basic (in shares)	13,894,858	14,024,824	13,906,791	14,091,795
Diluted (in shares)	13,894,858	14,058,928	13,906,791	14,209,910
Service charges on deposits
Noninterest income
Noninterest income	$ 200	$ 245	$ 407	$ 474
Credit card fees
Noninterest income
Noninterest income	4,330	4,706	8,211	8,916
Mortgage banking revenue
Noninterest income
Noninterest income	$ 1,990	$ 1,332	$ 3,443	$ 2,487

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 8,205	$ 7,318	$ 14,767	$ 17,053
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities available for sale	684	(2,799)	95	937
Income tax (expense) benefit relating to the items above	(164)	707	(112)	(237)
Other comprehensive income (loss)	520	(2,092)	(17)	700
Comprehensive income	$ 8,725	$ 5,226	$ 14,750	$ 17,753

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Cumulative effect adjustment due to adoption of the CECL standard	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative effect adjustment due to adoption of the CECL standard	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2022			14,138,829
Beginning balance at Dec. 31, 2022	$ 224,015	$ (29)	$ 141	$ 58,190	$ 182,435	$ (29)	$ (16,751)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,735				9,735
Unrealized gain (loss) on investment securities available for sale, net of income taxes	2,792						2,792
Stock options exercised, net of shares withheld for purchase price (in shares)			63,064
Stock options exercised, net of shares withheld for purchase price	589		$ 1	782	(194)
Shares issued as compensation (in shares)			28,081
Shares issued as compensation	546			585	(39)
Stock-based compensation	438			438
Cash dividends to stockholders	(850)				(850)
Shares repurchased and retired (in shares)			(146,937)
Shares repurchased and retired	(2,719)		$ (1)	(2,718)
Ending balance (in shares) at Mar. 31, 2023			14,083,037
Ending balance at Mar. 31, 2023	234,517		$ 141	57,277	191,058		(13,959)
Beginning balance (in shares) at Dec. 31, 2022			14,138,829
Beginning balance at Dec. 31, 2022	224,015	$ (29)	$ 141	58,190	182,435	$ (29)	(16,751)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17,053
Ending balance (in shares) at Jun. 30, 2023			13,981,414
Ending balance at Jun. 30, 2023	237,435		$ 140	55,856	197,490		(16,051)
Beginning balance (in shares) at Mar. 31, 2023			14,083,037
Beginning balance at Mar. 31, 2023	234,517		$ 141	57,277	191,058		(13,959)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,318				7,318
Unrealized gain (loss) on investment securities available for sale, net of income taxes	(2,092)						(2,092)
Stock options exercised, net of shares withheld for purchase price (in shares)			34,687
Stock options exercised, net of shares withheld for purchase price	423			429	(6)
Shares issued as compensation (in shares)			2,097
Shares issued as compensation	(11)			26	(37)
Stock-based compensation	438			438
Cash dividends to stockholders	(843)				(843)
Shares repurchased and retired (in shares)			(138,407)
Shares repurchased and retired	(2,315)		$ (1)	(2,314)
Ending balance (in shares) at Jun. 30, 2023			13,981,414
Ending balance at Jun. 30, 2023	$ 237,435		$ 140	55,856	197,490		(16,051)
Beginning balance (in shares) at Dec. 31, 2023	13,922,532		13,922,532
Beginning balance at Dec. 31, 2023	$ 254,860		$ 139	54,473	213,345		(13,097)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,562				6,562
Unrealized gain (loss) on investment securities available for sale, net of income taxes	(537)						(537)
Stock options exercised, net of shares withheld for purchase price (in shares)			10,171
Stock options exercised, net of shares withheld for purchase price	107			146	(39)
Shares issued as compensation (in shares)			24,729
Shares issued as compensation	515			537	(22)
Stock-based compensation	472			472
Cash dividends to stockholders	(1,115)				(1,115)
Shares repurchased and retired (in shares)			(67,869)
Shares repurchased and retired	(1,399)			(1,399)
Ending balance (in shares) at Mar. 31, 2024			13,889,563
Ending balance at Mar. 31, 2024	$ 259,465		$ 139	54,229	218,731		(13,634)
Beginning balance (in shares) at Dec. 31, 2023	13,922,532		13,922,532
Beginning balance at Dec. 31, 2023	$ 254,860		$ 139	54,473	213,345		(13,097)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 14,767
Ending balance (in shares) at Jun. 30, 2024	13,910,467		13,910,467
Ending balance at Jun. 30, 2024	$ 267,854		$ 139	55,005	225,824		(13,114)
Beginning balance (in shares) at Mar. 31, 2024			13,889,563
Beginning balance at Mar. 31, 2024	259,465		$ 139	54,229	218,731		(13,634)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,205				8,205
Unrealized gain (loss) on investment securities available for sale, net of income taxes	520						520
Stock options exercised, net of shares withheld for purchase price (in shares)			20,438
Stock options exercised, net of shares withheld for purchase price	293			293
Shares issued as compensation (in shares)			466
Shares issued as compensation	8			8
Stock-based compensation	475			475
Cash dividends to stockholders	$ (1,112)				(1,112)
Ending balance (in shares) at Jun. 30, 2024	13,910,467		13,910,467
Ending balance at Jun. 30, 2024	$ 267,854		$ 139	$ 55,005	$ 225,824		$ (13,114)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends to stockholders (in dollar per share)	$ 0.08	$ 0.08	$ 0.06	$ 0.06

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net income	$ 14,767	$ 17,053
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Provision for credit losses	6,144	4,522
Provision for (release of) credit losses on unfunded commitments	246	(19)
(Release of) provision for mortgage put-back reserve, net	(73)	8
Net amortization (accretion) on investments	70	(21)
Premises and equipment depreciation	167	139
Lease asset amortization	134	105
Increase in cash surrender value of BOLI	(703)	(517)
Executive long-term incentive plan expense	285	145
Stock-based compensation expense	947	876
Director and employee compensation paid in Company stock	523	535
Deferred income tax benefit	(10)	(76)
Valuation allowance on derivatives	(20)	8
(Decrease) increase in valuation of loans held for sale carried at fair value	(5)	6
Proceeds from sales of loans held for sale	95,061	101,985
Originations of loans held for sale	(106,794)	(104,721)
Changes in assets and liabilities:
Accrued interest receivable	(668)	(666)
Taxes payable	167	(371)
Accounts receivable	(281)	14
Other assets	174	(761)
Accrued interest payable	990	1,998
Other liabilities	(1,635)	(1,483)
Net cash provided by operating activities	9,486	18,759
Cash flows from investing activities
Purchases of securities available for sale	(22,994)	0
Proceeds from calls and maturities of securities available for sale	23,431	44,975
Net (purchases) sales of restricted investments	(577)	3,559
Net increase in portfolio loans receivable	(122,222)	(111,592)
Net purchases of premises and equipment	(783)	(2,352)
Net cash used in investing activities	(123,145)	(65,410)
Net increase (decrease) in:
Noninterest-bearing deposits	67,201	18,816
Interest-bearing deposits	137,231	157,473
Federal Home Loan Bank advances (repayments)	10,000	(85,000)
Other borrowed funds	(15,000)	0
Dividends paid	(2,227)	(1,693)
Repurchase of common stock	(1,399)	(5,034)
Net proceeds from exercise of stock options	400	1,012
Net cash provided by financing activities	196,206	85,574
Net increase in cash and cash equivalents	82,547	38,923
Cash and cash equivalents, beginning of year	53,964	80,415
Cash and cash equivalents, end of period	136,511	119,338
Noncash investing and financing activities:
Change in unrealized gains on investments	95	937
Cash paid during the period for:
Taxes	54	5,581
Interest	$ 25,929	$ 16,671

Nature of Business and Basis of

Nature of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Nature of Business and Basis of Presentation	Note 1 - Nature of Business and Basis of Presentation Nature of operations: Capital Bancorp, Inc. is a Maryland corporation and the bank holding company (the “Company”) for Capital Bank, N.A. (the “Bank”). The Company's primary operations are conducted by the Bank, which operates branches in Rockville and Columbia, Maryland; Reston, Virginia; and the District of Columbia. The Bank is principally engaged in the business of investing in commercial, real estate, and credit card loans and attracting deposits. The Company originates residential mortgages for sale in the secondary market through Capital Bank Home Loans (“CBHL”), the Bank’s residential mortgage banking arm, and issues credit cards through OpenSky™, a digitally-driven nationwide credit card platform providing secured, partially secured, and unsecured credit solutions. The Company formed Church Street Capital, LLC (“Church Street Capital”) in 2014 to provide short-term secured real estate financing to Washington, D.C. area investors and developers that may not meet all Bank credit criteria. At June 30, 2024, Church Street Capital had loans totaling $7.1 million with a collectively assessed allowance for credit losses (“ACL”) of $184 thousand. Refer to Note 5 - “Portfolio Loans Receivable and Allowance for Credit Losses” to the “Notes to Unaudited Consolidated Financial Statements” for further discussion of the consolidated ACL. In addition, the Company owns all of the stock of Capital Bancorp (MD) Statutory Trust I (the “Trust”). The Trust is a special purpose non-consolidated entity organized for the sole purpose of issuing trust preferred securities. Basis of presentation: The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with rules and regulations of the Securities and Exchange Commission (“SEC”) and include the activity of the Company and its wholly-owned subsidiaries, the Bank and Church Street Capital. The statements do not include all of the information and footnotes required by GAAP for complete financial statements. All adjustments have been made which, in the opinion of management, are necessary for a fair presentation of the results for the interim periods presented. Such adjustments are all of a normal and recurring nature. All significant inter-company accounts and transactions have been eliminated in consolidation. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the full year. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited financial statements and the notes thereto as of December 31, 2023, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The Company reports its activities as four business segments: commercial banking; mortgage lending; credit cards; and corporate activities. In determining the appropriateness of segment definition, the Company considers components of the business about which financial information is available and regularly evaluated relative to resource allocation and performance assessment. Significant accounting policies: The preparation of consolidated financial statements in accordance with GAAP requires estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. The primary reference point for the estimates is on historical experience and assumptions believed to be reasonable regarding the value of certain assets and liabilities that are not readily available from other sources. Estimates are evaluated on an ongoing basis. Actual results may materially differ from these estimates under different assumptions or conditions. The Company’s significant accounting policies are described in the “Notes to the Consolidated Financial Statements” included in our Annual Report on Form 10-K for the year ended December 31, 2023. There have been no changes to our significant accounting policies during the three and six months ended June 30, 2024. Recently issued accounting pronouncements: In December 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 requires public entities to disclose significant segment expenses, an amount and description for other segment items, the title and position of the entity’s chief operating decision maker (“CODM”) and an explanation of how the CODM uses the reported measures of profit or loss to assess segment performance, and, on an interim basis, certain segment related disclosures that previously were required only on an annual basis. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements and that an entity is permitted to disclose multiple measures of segment profit or loss, provided that certain criteria are met. ASU 2023-07 is effective for the Company for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company will update its segment related disclosures upon adoption. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Income Taxes (Topic 740), Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires public entities to disclose in their rate reconciliation table additional categories of information about federal, state and foreign income taxes and to provide more details about the reconciling items in some categories if items meet a quantitative threshold. ASU 2023-09 also requires all entities to disclose income taxes paid, net of refunds, disaggregated by federal, state and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on quantitative thresholds, among other things. ASU 2023-09 is effective for the Company for fiscal years beginning after December 15, 2024 with early adoption permitted. The Company will update its income tax disclosures upon adoption. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company's financial position, results of operations or cash flows. Reclassifications: Certain reclassifications have been made to amounts reported in prior periods to conform to the current period presentation. The reclassifications had no material effect on net income or total stockholders' equity. Subsequent events: Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. For further information on a subsequent event related to the Company’s quarterly dividend, refer to Note 10.

Pending Acquisition

Pending Acquisition	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Pending Acquisition	Note 2 - Pending Acquisition Pending Acquisition of Integrated Financial Holdings, Inc. On March 27, 2024, the Company and Integrated Financial Holdings, Inc., a North Carolina corporation (“IFHI”), entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”). The Merger Agreement provides that, upon the terms and conditions thereof, IFHI will merge with and into the Company (the “Merger”), with the Company continuing as the surviving corporation in the Merger. IFHI is a financial holding company based in Raleigh, North Carolina with total assets of approximately $548 million at December 31, 2023. IFHI is the holding company for West Town Bank & Trust, an Illinois state-chartered bank. West Town Bank & Trust provides banking services through its full-service office located in the greater Chicago area and is a nationwide lender in government guaranteed lending across both U.S. Department of Agriculture (“USDA”) and U.S. Small Business Administration (“SBA”) government guaranteed lending. IFHI is also the parent company of Windsor Advantage, LLC, a loan service provider that offers community banks and credit unions with a comprehensive outsourced SBA 7(a) and USDA lending platform. IFHI is registered with and supervised by the Board of Governors of the Federal Reserve System (“Federal Reserve”). West Town Bank & Trust’s primary regulators are the Illinois Department of Financial and Professional Regulation and the FDIC. Following the Merger, West Town Bank & Trust, will merge with and into the Bank, with the Bank as the surviving bank. During the three and six months ended June 30, 2024, the Company incurred merger-related expenses related to the planned acquisition of IFHI totaling $0.1 million and $0.8 million, respectively. The Merger is expected to close in the fourth quarter of 2024 subject to the approval of the Office of the Comptroller of the Currency, shareholder approval and the satisfaction of customary closing conditions.

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and amounts due from banks, interest-bearing deposits and federal funds sold. The Bank is required by regulations to maintain an average cash reserve balance based on a percentage of deposits; however, on March 15, 2020, the Federal Reserve announced that, due to economic conditions, reserve requirement ratios for all depository institutions would be reduced to zero percent effective March 26, 2020. The reserve requirement is still at zero percent as of June 30, 2024.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The following table summarizes the amortized cost, fair value and allowance for credit losses of securities available for sale at June 30, 2024 and December 31, 2023, respectively, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss): (in thousands) Amortized Gross Unrealized Gross Unrealized Allowance for Credit Losses Fair June 30, 2024 U.S. Treasuries $ 145,932 $ 18 $ (12,087) $ — $ 133,863 Municipal 11,699 — (2,435) — 9,264 Corporate 5,000 — (498) — 4,502 Asset-backed securities 6,115 20 (18) — 6,117 Mortgage-backed securities 56,426 3 (2,258) — 54,171 Total $ 225,172 $ 41 $ (17,296) $ — $ 207,917 December 31, 2023 U.S. Treasuries $ 161,420 $ — $ (12,192) $ — $ 149,228 Municipal 11,699 4 (2,331) — 9,372 Corporate 5,000 — (587) — 4,413 Asset-backed securities 7,069 13 (37) — 7,045 Mortgage-backed securities 40,491 — (2,220) — 38,271 Total $ 225,679 $ 17 $ (17,367) $ — $ 208,329 There were no securities sold during the six months ended June 30, 2024 or the six months ended June 30, 2023. There was no ACL required on available for sale debt securities in an unrealized loss position at June 30, 2024 and December 31, 2023. The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. June 30, 2024 December 31, 2023 (in thousands) Amortized Fair Amortized Fair Within one year $ 39,978 $ 39,296 $ 39,918 $ 39,294 One to five years 86,159 78,190 101,688 93,218 Five to ten years 29,802 25,188 26,215 22,511 Beyond ten years 6,692 4,955 10,298 7,990 Asset-backed securities (1) 6,115 6,117 7,069 7,045 Mortgage-backed securities (1) 56,426 54,171 40,491 38,271 Total $ 225,172 $ 207,917 $ 225,679 $ 208,329 _______________ (1) Asset-backed and Mortgage-backed securities are due in monthly installments. There were no securities pledged at June 30, 2024 and December 31, 2023 to secure public deposits and repurchase agreements. Pledged securities at the Federal Reserve’s Bank Term Funding Program (“BTFP”) totaled $170.7 million at December 31, 2023 with no securities pledged as of June 30, 2024 as the program ended during the first quarter 2024. At June 30, 2024 and December 31, 2023, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity. The following table summarizes debt securities available for sale in an unrealized loss position for which an ACL has not been recorded at June 30, 2024 and December 31, 2023, aggregated by major security type and length of time in a continuous unrealized loss position: Less than 12 months 12 months or longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2024 U.S. Treasuries $ — $ — $ 129,198 $ (12,087) $ 129,198 $ (12,087) Municipal 896 (4) 8,368 (2,431) 9,264 (2,435) Corporate — — 4,502 (498) 4,502 (498) Asset-backed securities — — 4,375 (18) 4,375 (18) Mortgage-backed securities 22,450 (285) 27,289 (1,973) 49,739 (2,258) Total $ 23,346 $ (289) $ 173,732 $ (17,007) $ 197,078 $ (17,296) December 31, 2023 U.S. Treasuries $ — $ — $ 149,228 $ (12,192) $ 149,228 $ (12,192) Municipal — — 8,473 (2,331) 8,473 (2,331) Corporate — — 4,413 (587) 4,413 (587) Asset-backed securities — — 5,154 (37) 5,154 (37) Mortgage-backed securities 6,057 (8) 32,214 (2,212) 38,271 (2,220) Total $ 6,057 $ (8) $ 199,482 $ (17,359) $ 205,539 $ (17,367) As of June 30, 2024, management determined the Company does not have the intent to sell, nor is it more likely than not that it will be required to sell, available for sale debt securities in an unrealized loss position at June 30, 2024 before it is able to recover the amortized cost basis. Further, management reviewed the Company’s holdings as of June 30, 2024 and concluded there were no credit-related declines in fair value. Additional information related to the types of securities held at June 30, 2024, other than securities issued or guaranteed by U.S. Government entities or agencies including U.S. Treasuries and substantially all of the Company’s mortgage-backed securities, is as follows: Corporate Securities — There have been no payment defaults on any of the Company’s holdings of corporate debt securities. There are five securities all of which are subordinated debt of other financial institutions with face amounts ranging from $0.5 million to $2 million. Municipal Securities — All of the Company’s holdings of municipal bonds were investment grade and there have been no payment defaults. Summary ratings information at June 30, 2024, based on the amortized cost basis and reflecting the lowest enhanced or underlying rating by Moody’s, Standard & Poors or Fitch, is as follows: AAA - 82% of the portfolio; AA+ - 8%; AA - 10%. Asset-backed Securities — There were three investment grade asset-backed securities, and there have been no payment defaults on these securities. As such, it is deemed the above listed securities are not in an unrealized loss position due to credit-related issues and no further analysis is warranted as of June 30, 2024.

Portfolio Loans Receivable and

Portfolio Loans Receivable and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Portfolio Loans Receivable and Allowance for Credit Losses	Note 5 - Portfolio Loans Receivable and Allowance for Credit Losses The following is a summary of the major categories of total loans outstanding: June 30, 2024 December 31, 2023 (in thousands) Amount Percent Amount Percent Real estate: Residential $ 601,312 30 % $ 573,104 30 % Commercial 752,733 36 % 684,229 35 % Construction 294,489 15 % 290,108 15 % Commercial and Industrial 255,686 13 % 239,208 13 % Credit card, net of reserve (1) 122,217 6 % 123,331 7 % Other consumer 1,930 — % 950 — % Portfolio loans receivable, gross 2,028,367 100 % 1,910,930 100 % Deferred origination fees, net (6,779) (7,642) Allowance for credit losses (30,832) (28,610) Portfolio loans receivable, net $ 1,990,756 $ 1,874,678 _____________ (1) Credit card loans are presented net of reserve for interest and fees. The following tables set forth the changes in the ACL and an allocation of the ACL by loan segment class for the three and six months ended June 30, 2024 and June 30, 2023. (in thousands) Beginning Provision (Release of Provision) for Charge-Offs Recoveries Ending Three Months Ended June 30, 2024 Real estate: Residential $ 5,926 $ 482 $ (409) $ — $ 5,999 Commercial 11,123 559 — — 11,682 Construction 2,299 — — — 2,299 Commercial and Industrial 4,002 78 (4) — 4,076 Credit card 5,990 2,290 (1,524) 2 6,758 Other consumer 10 8 — — 18 Total $ 29,350 $ 3,417 $ (1,937) $ 2 $ 30,832 Six Months Ended June 30, 2024 Real estate: Residential $ 5,518 $ 1,115 $ (634) $ — $ 5,999 Commercial 10,316 1,366 — — 11,682 Construction 2,271 28 — — 2,299 Commercial and Industrial 4,406 (228) (102) — 4,076 Credit card 6,087 3,857 (3,292) 106 6,758 Other consumer 12 6 — — 18 Total $ 28,610 $ 6,144 $ (4,028) $ 106 $ 30,832 (in thousands) Beginning Provision (Release of Provision) for Charge-Offs Recoveries Ending Three Months Ended June 30, 2023 Real estate: Residential $ 5,408 $ 11 $ — $ — $ 5,419 Commercial 8,931 314 — — 9,245 Construction 1,753 115 — — 1,868 Commercial and Industrial 4,958 281 — — 5,239 Credit card 5,151 2,139 (1,589) 6 5,707 Other consumer 15 2 — — 17 Total $ 26,216 $ 2,862 $ (1,589) $ 6 $ 27,495 Six Months Ended June 30, 2023 Real estate: Residential $ 4,283 $ 1,136 $ — $ — $ 5,419 Commercial 12,039 (1,851) (943) — 9,245 Construction 1,809 59 — — 1,868 Commercial and Industrial 4,008 1,221 — 10 5,239 Credit card 5,033 3,957 (3,291) 8 5,707 Other consumer 17 — — — 17 Total $ 27,189 $ 4,522 $ (4,234) $ 18 $ 27,495 Past due loans, segregated by age and class of loans, as of June 30, 2024 and December 31, 2023 were as follows: Portfolio Loans Past Due Loans Loans Loans Total Past Current Total Accruing Nonaccrual (in thousands) June 30, 2024 Real estate: Residential $ 1,596 $ 210 $ 5,910 $ 7,716 $ 593,596 $ 601,312 $ — $ 5,897 Commercial 2,574 9,499 853 12,926 739,807 752,733 302 2,421 Construction — — 4,189 4,189 290,300 294,489 — 4,181 Commercial and Industrial 324 1,225 948 2,497 253,189 255,686 — 1,554 Credit card 7,626 5,657 718 14,001 108,216 122,217 718 — Other consumer — — — — 1,930 1,930 — — Total $ 12,120 $ 16,591 $ 12,618 $ 41,329 $ 1,987,038 $ 2,028,367 $ 1,020 $ 14,053 Loans Loans Loans Total Past Current Total Accruing Nonaccrual December 31, 2023 Real estate: Residential $ 2,201 $ 3,096 $ 11,066 $ 16,363 $ 556,741 $ 573,104 $ 17 $ 11,398 Commercial 1,577 322 582 2,481 681,748 684,229 — 582 Construction — 1,165 3,296 4,461 285,647 290,108 — 3,288 Commercial and Industrial 1,356 74 454 1,884 237,324 239,208 — 774 Credit card 7,767 6,877 519 15,163 108,168 123,331 519 — Other consumer — — — — 950 950 — — Total $ 12,901 $ 11,534 $ 15,917 $ 40,352 $ 1,870,578 $ 1,910,930 $ 536 $ 16,042 There were $2.8 million and $8.1 million of loans secured by one-to-four family residential properties in the process of foreclosure as of June 30, 2024 and December 31, 2023, respectively. The increase in loans 60-89 days past due at June 30, 2024 from December 31, 2023 includes a single owner-occupied commercial real estate loan relationship with a total outstanding exposure amount of $11.6 million. The borrower fell behind in payments due to unexpected timing delays in the collection of outstanding receivables. Payments have resumed. The borrower remains actively engaged with the Company in resolving the past due status. Of the total outstanding exposure, $3.9 million is now considered current. The following presents the nonaccrual loans as of June 30, 2024 and December 31, 2023: June 30, 2024 Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Loss Total Nonaccrual Loans Interest Recognized on Nonaccrual Loans (in thousands) Real estate: Residential $ 5,552 $ 345 $ 5,897 $ 91 Commercial 2,039 382 2,421 30 Construction 4,181 — 4,181 256 Commercial and Industrial 1,172 382 1,554 108 Total $ 12,944 $ 1,109 $ 14,053 $ 485 December 31, 2023 Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Loss Total Nonaccrual Loans Interest Recognized on Nonaccrual Loans Real estate: Residential $ 11,152 $ 246 $ 11,398 $ 236 Commercial 582 — 582 46 Construction 3,288 — 3,288 185 Commercial and Industrial 598 176 774 71 Total $ 15,620 $ 422 $ 16,042 $ 538 The Company has certain loans for which repayment is dependent upon the operation or sale of collateral, as the borrower is experiencing financial difficulty. The underlying collateral can vary based upon the type of loan. The following provides more detail about the types of collateral that secure collateral dependent loans: • Residential real estate loans are primarily secured by owner-occupied primary residences and, to a lesser extent, investor-owned residences. • Commercial real estate loans can be secured by either owner-occupied commercial real estate or non-owner occupied investment commercial real estate. Typically, owner-occupied commercial real estate loans are secured by office buildings, warehouses, manufacturing facilities and other commercial and industrial properties occupied by operating companies. Non-owner occupied commercial real estate loans are generally secured by office buildings and complexes, retail facilities, multifamily complexes, land under development, industrial properties, as well as other commercial or industrial real estate. • Construction loans are typically secured by owner-occupied commercial real estate or non-owner occupied investment real estate. Typically, owner-occupied construction loans are secured by office buildings, warehouses, manufacturing facilities, and other commercial and industrial properties that are in process of construction. Non-owner occupied commercial construction loans are generally secured by office buildings and complexes, multi-family complexes, land under development, and other commercial and industrial real estate in process of construction. • Commercial and industrial loans are generally secured by equipment, inventory, accounts receivable, and other commercial property. Collateral dependent loans amortized cost (in thousands) June 30, 2024 December 31, 2023 Real estate: Residential $ 5,578 $ 11,152 Commercial 2,421 582 Construction 5,352 3,288 Commercial and Industrial 983 657 Total $ 14,334 $ 15,679 Of the collateral dependent loans as of June 30, 2024, a specific reserve of $345 thousand, $382 thousand and $218 thousand was assessed for residential real estate, commercial real estate and commercial and industrial loans, respectively. Of the collateral dependent loans as of December 31, 2023, a specific reserve of $115 thousand was assessed for commercial and industrial loans. The Company made 4 loan modifications on loans to borrowers experiencing financial difficulty during the three months ended June 30, 2024 as follows: Interest rate reduction (in thousands) Amortized Cost Basis % of Total Loan Type Financial Effect Real estate: Residential $ 760 0.199 % Reduced contractual interest rate from 8.375% to 6.375%. Residential - Home Equity 91 0.164 % Reduced contractual interest rate from 10.49% to 6.375%. Commercial and Industrial 117 0.046 % Reduced contractual interest rate from 11.25% to 6.00%. Total $ 968 Term extension (in thousands) Amortized Cost Basis % of Total Loan Type Financial Effect Real estate: Residential $ 760 0.199 % Added 1 year to the life of the loan which reduced monthly payment amount for the borrower. Residential - Home Equity 91 0.164 % Added 22 years to the life of the loan which reduced monthly payment amount for the borrower. Commercial and Industrial 113 0.044 % Provided 6 months payment deferral to borrower through the Bank’s standard deferral program. The 6 monthly payments were added to the end of the original loan term. Total $ 964 The Company did not make any modifications on loans to borrowers experiencing financial difficulty during the three and six months ended June 30, 2023. Credit quality indicators As part of the ongoing monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including trends related to the risk grade of loans, the level of classified loans, net charge-offs, nonperforming loans, and general economic conditions in the Company’s market. From a credit risk standpoint, the Company utilizes a risk grading matrix to assign a risk grade to each of its loans. The classifications of loans reflect a judgment about the risk of expected credit loss associated with each loan. Credit quality indicators are reviewed and adjusted regularly to account for the degree of risk and expected credit loss that the Company believes to be appropriate for each financial asset. A description of the general characteristics of loans characterized as classified is as follows: Pass Loans characterized as pass includes loans graded exceptional, very good, good, satisfactory and pass/watch. The Company believes that there is a low likelihood of credit deterioration related to those loans that are considered pass. Special mention A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. Special mention loans are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. Borrowers may exhibit poor liquidity and leverage positions resulting from generally negative cash flow or negative trends in earnings. Access to alternative financing may be limited to finance companies for business borrowers and may be unavailable for commercial real estate borrowers. Substandard A substandard loan is inadequately protected by the current financial condition and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Borrowers may exhibit recent or unexpected unprofitable operations, an inadequate debt service coverage ratio, or marginal liquidity and capitalization. These loans require more intense supervision by Company management. Doubtful A doubtful loan has all the weaknesses associated with a substandard loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Ungraded Ungraded loans represent credit card loans not included in the individual credit grading process due to the borrower type. The credit quality indicator for credit card loans is based on delinquency status of the borrower as of the date presented. The following table presents the balances of classified loans based on the most recent credit quality indicator analysis. Classified loans include Special Mention, Substandard and Doubtful loans. Pass classified loans include loans graded exceptional, very good, good, satisfactory, and pass/watch. Credit card loans are ungraded as they are not individually graded. Charge-offs presented represent gross charge-offs recognized in the current period: June 30, 2024 Term Loans by Origination Year (in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Residential – Real estate Pass $ 72,546 $ 127,513 $ 126,053 $ 75,674 $ 73,756 $ 114,292 $ — $ 589,834 Special Mention — — — 128 3,628 284 — 4,040 Substandard — — — 808 — 6,630 — 7,438 Doubtful — — — — — — — — Total 72,546 127,513 126,053 76,610 77,384 121,206 — 601,312 Commercial – Real estate Pass 95,427 68,846 155,789 140,217 76,237 193,010 — 729,526 Special Mention — 2,300 10,788 — — 2,293 — 15,381 Substandard — — 7,275 — — 551 — 7,826 Doubtful — — — — — — — — Total 95,427 71,146 173,852 140,217 76,237 195,854 — 752,733 Construction – Real estate Pass 35,838 147,361 55,234 27,403 14,775 9,028 — 289,639 Special Mention — 661 — — — — — 661 Substandard — — — — 1,534 2,655 — 4,189 Doubtful — — — — — — — — Total 35,838 148,022 55,234 27,403 16,309 11,683 — 294,489 Commercial and Industrial Pass 41,926 67,373 62,325 26,581 6,956 44,685 — 249,846 Special Mention 258 — 532 — 2,337 42 — 3,169 Substandard — 46 812 205 912 696 — 2,671 Doubtful — — — — — — — — Total 42,184 67,419 63,669 26,786 10,205 45,423 — 255,686 Other consumer Pass 1,161 — 248 121 106 294 — 1,930 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 1,161 — 248 121 106 294 — 1,930 Credit card Ungraded — — — — — — 122,217 122,217 Portfolio loans receivable, gross $ 247,156 $ 414,100 $ 419,056 $ 271,137 $ 180,241 $ 374,460 $ 122,217 $ 2,028,367 June 30, 2024 (in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Gross Charge-Offs Residential $ — $ — $ — $ — $ — $ 634 $ — $ 634 Commercial and Industrial — — 102 — — — — 102 Credit card — — — — — — 3,292 3,292 Total $ — $ — $ 102 $ — $ — $ 634 $ 3,292 $ 4,028 December 31, 2023 Term Loans by Origination Year (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Residential – Real estate Pass $ 140,394 $ 137,362 $ 76,556 $ 76,938 $ 36,122 $ 88,055 $ — $ 555,427 Special Mention — — 134 3,670 1,176 288 — 5,268 Substandard — 33 — — 26 12,350 — 12,409 Doubtful — — — — — — — — Total 140,394 137,395 76,690 80,608 37,324 100,693 — 573,104 Commercial – Real estate Pass 62,095 185,776 145,756 68,748 96,238 116,347 — 674,960 Special Mention — 6,897 — — 805 985 — 8,687 Substandard — — — — 582 — — 582 Doubtful — — — — — — — — Total 62,095 192,673 145,756 68,748 97,625 117,332 — 684,229 Construction – Real estate Pass 142,157 72,240 46,180 16,859 6,246 2,517 — 286,199 Special Mention — — — — — 614 — 614 Substandard — — — 1,254 597 1,444 — 3,295 Doubtful — — — — — — — — Total 142,157 72,240 46,180 18,113 6,843 4,575 — 290,108 Commercial and Industrial Pass 70,540 71,689 28,007 9,364 18,036 37,392 — 235,028 Special Mention — 156 — 2,406 47 273 — 2,882 Substandard 30 814 211 — 42 201 — 1,298 Doubtful — — — — — — — — Total 70,570 72,659 28,218 11,770 18,125 37,866 — 239,208 Other consumer Pass 75 278 147 116 — 334 — 950 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 75 278 147 116 — 334 — 950 Credit card Ungraded — — — — — — 123,331 123,331 Portfolio loans receivable, gross $ 415,291 $ 475,245 $ 296,991 $ 179,355 $ 159,917 $ 260,800 $ 123,331 $ 1,910,930 December 31, 2023 (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Gross Charge-Offs Residential $ — $ — $ — $ — $ — $ 670 $ — $ 670 Commercial — — — — 943 — — 943 Commercial and Industrial — 98 — — — — — 98 Credit card — — — — — — 7,076 7,076 Total $ — $ 98 $ — $ — $ 943 $ 670 $ 7,076 $ 8,787 Outstanding loan commitments were as follows: (in thousands) June 30, 2024 December 31, 2023 Unused lines of credit Real Estate: Residential $ 21,526 $ 15,436 Residential - Home Equity 44,592 43,892 Commercial 34,905 20,424 Construction 111,585 98,777 Commercial and Industrial 70,170 42,751 Credit card (1) 125,619 114,882 Other consumer 312 310 Total $ 408,709 $ 336,472 Letters of credit $ 4,633 $ 4,641 _______________ (1) Outstanding loan commitments in the credit card portfolio include $102.6 million and $98.2 million in secured and partially secured balances as of June 30, 2024 and December 31, 2023, respectively. Lines of credit are agreements to lend to a customer as long as there is no violation of any condition of the contract. Lines of credit generally have variable interest rates. Such lines do not represent future cash requirements because it is unlikely that all customers will, at any given time, draw upon their lines in full. Loan commitments generally have variable interest rates, fixed expiration dates, and may require payment of a fee. The Company's maximum exposure to credit loss in the event of nonperformance by the customer is the contractual amount of the credit commitment. Loan commitments and lines of credit are generally made on the same terms, including with regard to collateral, as outstanding loans. Management is not aware of any accounting loss to be incurred by funding these loan commitments. The Company maintains an estimated reserve for unfunded commitments and certain off-balance sheet items such as unfunded lines of credit, which is reflected in other liabilities, with increases or decreases in the reserve being charged to or released from operating expense. Activity for this account is as follows for the periods presented: Three months ended Six months ended (in thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Balance at beginning of period $ 948 $ 888 $ 806 $ 1,682 Impact of adopting the CECL standard on January 1, 2023 — — — (775) Provision for (release of) credit losses on unfunded commitments 104 — 246 (19) Balance at end of period $ 1,052 $ 888 $ 1,052 $ 888 The Company makes representations and warranties that loans sold to investors meet the investors’ program guidelines and that the information provided by the borrowers is accurate and complete. In the event of a default on a loan sold, the investor may have the right to make a claim for losses due to document deficiencies, program non-compliance, early payment default, and fraud or borrower misrepresentations. The Company maintains a reserve for potential losses on mortgage loans sold, which is reflected in other liabilities, with changes being charged to or released from operating expense. Activity in this reserve is as follows for the periods presented: Three months ended Six months ended (in thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Balance at beginning of period $ 998 $ 1,179 $ 985 $ 1,174 (Release of) provision for mortgage loan put-back reserve (86) 3 (73) 8 Balance at end of period $ 912 $ 1,182 $ 912 $ 1,182

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company may enter into interest rate lock commitments, which are commitments to originate loans whereby the interest rate on the loan is determined prior to funding and customers have locked into that interest rate as part of its mortgage banking activities. The Company then locks the loan and rate in with an investor and commits to deliver the loan if settlement occurs (Best Efforts). Certain loans under rate lock commitments are covered under forward sales contracts. Forward sales contracts are recorded at fair value with changes in fair value recorded in mortgage banking revenue. Interest rate lock commitments and commitments to deliver loans to investors are considered to be derivatives. The market value of interest rate lock commitments and best efforts contracts are not readily ascertainable with precision because they are not actively traded in stand-alone markets. The Company determines the fair value of rate lock commitments by estimating the fair value of the underlying asset, which is impacted by current interest rates and takes into consideration the probability that the rate lock commitments will close or will be funded. The following table reports the commitment and fair value amounts on the outstanding derivatives: (in thousands) June 30, 2024 December 31, 2023 Notional amount of open forward sales agreements $ 4,500 $ — Fair value of open forward delivery sales agreements 21 — Notional amount of interest rate lock commitments 3,314 — Fair value of interest rate lock commitments (1) —

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases The Company’s primary leasing activities relate to certain real estate leases entered into in support of the Company’s branch operations and back office operations. The Company leases four of its full service branches and four other locations for corporate/administration activities, operations, and loan production. All property leases under lease agreements have been designated as operating leases. The Company does not have leases designated as finance leases. The Company determines if an arrangement is a lease at inception. Operating lease Right of Use (“ROU”) assets are included in premises and equipment, and operating lease liabilities are included as other liabilities in the consolidated balance sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The historical weighted average discount rate was 4.42% at June 30, 2024 and 3.79% at December 31, 2023. The operating lease ROU asset also includes any lease pre-payments. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components, which the Company has elected to account for separately as the non-lease component amounts are readily determinable under most leases. As of June 30, 2024, the Company’s net lease ROU assets and related lease liabilities were $3.9 million and $4.4 million, respectively, compared to December 31, 2023 balances of $3.6 million of ROU assets and $3.8 million of lease liabilities, and have remaining terms ranging from one (in thousands) June 30, 2024 December 31, 2023 Lease Right of Use Asset: Lease asset $ 7,278 $ 6,810 Less: Accumulated amortization (3,358) (3,223) Net lease asset $ 3,920 $ 3,587 Lease Liability: Lease liability $ 7,691 6,892 Less: Accumulated amortization (3,272) (3,101) Net lease liability $ 4,419 $ 3,791 Future minimum payments for operating leases with initial or remaining terms of one year or more are as follows: (in thousands) June 30, 2024 Amounts due in: 2024 $ 599 2025 1,057 2026 1,024 2027 517 2028 390 2029 and thereafter 1,589 Total future lease payments 5,176 Discount of cash flows (757) Present value of net future lease payments $ 4,419

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value	Note 8 - Fair Value Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. This includes certain U.S. Treasury and other U.S. Government and government agency securities actively traded in over-the-counter markets. Level 2 - Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 - Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value on a recurring basis: Investment securities available for sale - The fair values for investment securities available for sale are provided by an independent pricing service and are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2), using matrix pricing. Matrix pricing, which is a mathematical technique commonly used to price debt securities that are not actively traded, values debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). Loans held for sale - The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan (Level 2). Derivative financial instruments - The fair values of derivatives are based on valuation models using observable market data as of the measurement date (Level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rates, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. The Company has categorized its financial instruments measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 as follows: (in thousands) June 30, 2024 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investment securities available for sale U.S. Treasuries $ 133,863 $ 133,863 $ — $ — Municipal 9,264 — 9,264 — Corporate 4,502 — 4,502 — Asset-backed securities 6,117 — 6,117 — Mortgage-backed securities 54,171 — 54,171 — Total $ 207,917 $ 133,863 $ 74,054 $ — Loans held for sale $ 19,219 $ — $ 19,219 $ — Derivative assets $ 21 $ — $ 21 $ — Derivative liabilities $ 1 $ — $ 1 $ — December 31, 2023 Investment securities available for sale U.S. Treasuries $ 149,228 $ 149,228 $ — $ — Municipal 9,372 — 9,372 — Corporate 4,413 — 4,413 — Asset-backed securities 7,045 — 7,045 — Mortgage-backed securities 38,271 — 38,271 — Total $ 208,329 $ 149,228 $ 59,101 $ — Loans held for sale $ 7,481 $ — $ 7,481 $ — Derivative assets $ — $ — $ — $ — Derivative liabilities $ — $ — $ — $ — Financial instruments recorded using FASB ASC 825-10 Under FASB ASC 825-10, the Company may elect to report most financial instruments and certain other items at fair value on an instrument-by-instrument basis with changes in fair value reported in net income. After the initial adoption, the election is made at the acquisition of an eligible financial asset, financial liability or firm commitment or when certain specified reconsideration events occur. The fair value election, with respect to an item, may not be revoked once an election is made. The following table reflects the difference between the fair value carrying amount of loans held for sale, measured at fair value under FASB ASC 825-10, and the aggregate unpaid principal amount the Company is contractually entitled to receive at maturity: Fair Value of Loans Held for Sale (in thousands) June 30, 2024 December 31, 2023 Aggregate fair value $ 19,219 $ 7,481 Contractual principal 15,559 5,168 Difference $ 3,660 $ 2,313 The Company has elected to account for loans held for sale at fair value to eliminate the mismatch that would occur by recording changes in market value on derivative instruments used to hedge loans held for sale while carrying the loans at the lower of cost or market. As of June 30, 2024 and December 31, 2023, there were no held for sale loans which were classified as nonaccrual. Fair value measurements on a nonrecurring basis Individually evaluated loans - The Company has measured expected credit losses based on the fair value of the loan's collateral and discounted cash flow analysis, where appropriate. Fair value of the collateral is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values. As of June 30, 2024 and December 31, 2023, the fair values consist of loan balances of $15.1 million and $16.0 million, with specific reserves of $1.1 million and $422 thousand, respectively. Foreclosed real estate - The Company's foreclosed real estate is measured at fair value less cost to sell. Fair value is determined based on offers and/or appraisals. Cost to sell the real estate is based on standard market factors. The Company categorizes its foreclosed real estate as Level 3. As of June 30, 2024 and December 31, 2023, there was no foreclosed real estate held by the Company. The Company has categorized its financial instruments measured at fair value on a nonrecurring basis as of June 30, 2024 and December 31, 2023 as follows: (in thousands) June 30, 2024 December 31, 2023 Individually evaluated loans for credit loss, net Level 3 inputs 14,018 15,620 Total $ 14,018 15,620 The following table provides information describing the unobservable inputs used in Level 3 fair value measurements at June 30, 2024 and December 31, 2023: Unobservable Inputs Valuation Technique Unobservable Inputs Range of Inputs Individually evaluated loans Appraised Value/Discounted Cash Flows Discounts to appraisals or cash flows for estimated holding and/or selling costs 0 to 25% Fair value of financial instruments Fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practical to estimate the value is based upon the characteristics of the instruments and relevant market information. Financial instruments include cash, evidence of ownership in an entity, or contracts that convey or impose on an entity the contractual right or obligation to either receive or deliver cash for another financial instrument. The information used to determine fair value is highly subjective in nature and, therefore, the results are imprecise. Subjective factors include, among other things, estimates of cash flows, risk characteristics, credit quality, and interest rates, all of which are subject to change. Since the fair value is estimated as of the balance sheet date, the amounts that will actually be realized or paid upon settlement or maturity on these various instruments could be significantly different. As of June 30, 2024, the techniques used by the Company to estimate the exit price of the loan portfolio consists of similar procedures to those used as of December 31, 2023. The fair value of the Company’s loan portfolio includes a credit risk assumption in the determination of the fair value of its loans. This credit risk assumption is intended to approximate the fair value that a market participant would realize in a hypothetical orderly transaction. The Company’s loan portfolio is initially fair valued using a segmented approach. The Company divides its loan portfolio into the following categories: variable rate loans, individually analyzed loans, and all other loans. The results are then adjusted to account for credit risk as described above, and a further credit risk discount is applied through the use of a discounted cash flow model to compensate for illiquidity risk, based on certain assumptions included within the discounted cash flow model, primarily the use of discount rates that better capture inherent credit risk over the lifetime of a loan. For variable-rate loans that reprice frequently and have no significant change in credit risk, fair values approximate carrying values. Fair values for impaired loans are estimated using discounted cash flow models or based on the fair value of the underlying collateral. The fair value of cash and cash equivalents and investments in restricted stocks is the carrying amount. Restricted investments includes equity of the Federal Reserve and other banker’s banks. The fair value of noninterest-bearing deposits and securities sold under agreements to repurchase is the carrying amount. The fair value of checking, savings, and money market deposits is the amount payable on demand at the reporting date. Fair value of fixed maturity term accounts and individual retirement accounts is estimated using rates currently offered for accounts of similar remaining maturities. The fair value of certificates of deposit in other financial institutions is estimated based on interest rates currently offered for deposits of similar remaining maturities. The fair value of borrowings is estimated by discounting the value of contractual cash flows using current market rates for borrowings with similar terms and remaining maturities. The fair value of outstanding loan commitments, unused lines of credit, and letters of credit are not included in the table since the carrying value generally approximates fair value. These instruments generate fees that approximate those currently charged to originate similar commitments. The table below presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments. June 30, 2024 December 31, 2023 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial assets Level 1 Cash and due from banks $ 19,294 $ 19,294 $ 14,513 $ 14,513 Interest-bearing deposits at other financial institutions 117,160 117,160 39,044 39,044 Federal funds sold 57 57 407 407 Level 3 Portfolio loans receivable, net $ 1,990,756 $ 1,961,344 $ 1,874,678 $ 1,855,158 Restricted investments 4,930 4,930 4,353 4,353 Financial liabilities Level 1 Noninterest-bearing deposits $ 684,574 $ 684,574 $ 617,373 $ 617,373 Level 3 Interest-bearing deposits $ 1,415,854 $ 1,415,888 $ 1,278,623 $ 1,280,682 FHLB advances and other borrowed funds 44,062 41,745 49,062 46,634

Segments

Segments	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segments	Segments The Company’s reportable segments represent business units with discrete financial information whose results are regularly reviewed by management. The four segments include Commercial Banking, Capital Bank Home Loans (the Company’s mortgage loan division), OpenSky ™ (the Company’s credit card division) and the Corporate Office. Effective January 1, 2024, the Company allocated certain expenses previously recorded directly to the Commercial Bank segment to the other segments. These expenses are for shared services also consumed by OpenSky ™ , CBHL, and Corporate. The Company performs an allocation process based on several metrics the Company believes more accurately ascribe shared service overhead to each segment. The Company believes this reflects the cost of support for each segment that should be considered in assessing segment performance. Historical information has been recast to reflect financial information consistently with the 2024 presentation. The following schedule presents financial information for each reportable segment at June 30, 2024 and June 30, 2023. For the Three Months Ended June 30, 2024 (in thousands) Commercial Bank CBHL OpenSky ™ Corporate (2) Eliminations Consolidated Interest income $ 33,935 $ 132 $ 15,785 $ 824 $ (61) $ 50,615 Interest expense 13,312 83 — 224 (61) 13,558 Net interest income 20,623 49 15,785 600 — 37,057 Provision for credit losses 1,118 — 2,299 — — 3,417 Provision for credit losses on unfunded commitments 104 — — — — 104 Net interest income after provision 19,401 49 13,486 600 — 33,536 Noninterest income 677 1,845 4,368 — — 6,890 Noninterest expense (1) 12,209 2,500 13,775 1,009 — 29,493 Net income (loss) before taxes $ 7,869 $ (606) $ 4,079 $ (409) $ — $ 10,933 Total assets $ 2,254,198 $ 19,622 $ 115,593 $ 288,872 $ (239,702) $ 2,438,583 For the Three Months Ended June 30, 2023 Interest income $ 28,742 $ 111 $ 15,168 $ 1,134 $ (75) $ 45,080 Interest expense 9,537 42 — 236 (75) 9,740 Net interest income 19,205 69 15,168 898 — 35,340 Provision for credit losses 735 — 2,127 — — 2,862 Net interest income after provision 18,470 69 13,041 898 — 32,478 Noninterest income 810 1,161 4,714 2 — 6,687 Noninterest expense (1) 11,675 2,322 15,118 477 — 29,592 Net income (loss) before taxes $ 7,605 $ (1,092) $ 2,637 $ 423 $ — $ 9,573 Total assets $ 2,047,400 $ 10,605 $ 116,123 $ 260,309 $ (206,571) $ 2,227,866 (1) Noninterest expense includes $6.3 million and $5.9 million in data processing expense in the OpenSky ™ segment for the three months ended June 30, 2024 and 2023, respectively. (2) The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company. For the Six Months Ended June 30, 2024 (in thousands) Commercial Bank CBHL OpenSky ™ Corporate (2) Eliminations Consolidated Interest income $ 66,464 $ 215 $ 30,706 $ 1,723 $ (124) $ 98,984 Interest expense 26,466 124 — 453 (124) 26,919 Net interest income 39,998 91 30,706 1,270 — 72,065 Provision for credit losses 2,227 — 3,858 59 — 6,144 Provision for credit losses on unfunded commitments 246 — — — — 246 Net interest income after provision 37,525 91 26,848 1,211 — 65,675 Noninterest income 1,381 3,197 8,283 1 — 12,862 Noninterest expense (1) 24,468 4,605 27,374 2,533 — 58,980 Net income (loss) before taxes $ 14,438 $ (1,317) $ 7,757 $ (1,321) $ — $ 19,557 Total assets $ 2,254,198 $ 19,622 $ 115,593 $ 288,872 $ (239,702) $ 2,438,583 For the Six Months Ended June 30, 2023 Interest income $ 55,042 $ 188 $ 31,298 $ 2,112 $ (144) $ 88,496 Interest expense 18,276 72 — 465 (144) 18,669 Net interest income 36,766 116 31,298 1,647 — 69,827 Provision for credit losses 574 — 3,948 — — 4,522 Release of credit losses on unfunded commitments (19) — — — — (19) Net interest income after provision 36,211 116 27,350 1,647 — 65,324 Noninterest income 1,299 2,488 8,924 2 — 12,713 Noninterest expense (1) 23,443 4,658 26,856 857 — 55,814 Net income (loss) before taxes $ 14,067 $ (2,054) $ 9,418 $ 792 $ — $ 22,223 Total assets $ 2,047,400 $ 10,605 $ 116,123 $ 260,309 $ (206,571) $ 2,227,866 (1) Noninterest expense includes $12.5 million and $11.9 million in data processing expense in OpenSky’s ™ segment for the six months ended June 30, 2024 and 2023, respectively. (2) The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In July 2024, the Company’s Board of Directors approved an increase in the quarterly dividend on the Company's common stock from $0.08 per share to $0.10 per share, or 25.0% higher than the prior quarter dividend reflecting the strength of earnings and capital position. The dividend is payable on August 21, 2024 to shareholders of record on August 5, 2024. The Company has increased its dividend each year since it first started paying dividends in 2021.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 8,205	$ 6,562	$ 7,318	$ 9,735	$ 14,767	$ 17,053

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

Nature of Business and Basis _2

Nature of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Nature of operations	Nature of operations: Capital Bancorp, Inc. is a Maryland corporation and the bank holding company (the “Company”) for Capital Bank, N.A. (the “Bank”). The Company's primary operations are conducted by the Bank, which operates branches in Rockville and Columbia, Maryland; Reston, Virginia; and the District of Columbia. The Bank is principally engaged in the business of investing in commercial, real estate, and credit card loans and attracting deposits. The Company originates residential mortgages for sale in the secondary market through Capital Bank Home Loans (“CBHL”), the Bank’s residential mortgage banking arm, and issues credit cards through OpenSky™, a digitally-driven nationwide credit card platform providing secured, partially secured, and unsecured credit solutions. The Company formed Church Street Capital, LLC (“Church Street Capital”) in 2014 to provide short-term secured real estate financing to Washington, D.C. area investors and developers that may not meet all Bank credit criteria. At June 30, 2024, Church Street Capital had loans totaling $7.1 million with a collectively assessed allowance for credit losses (“ACL”) of $184 thousand. Refer to Note 5 - “Portfolio Loans Receivable and Allowance for Credit Losses” to the “Notes to Unaudited Consolidated Financial Statements” for further discussion of the consolidated ACL. In addition, the Company owns all of the stock of Capital Bancorp (MD) Statutory Trust I (the “Trust”). The Trust is a special purpose non-consolidated entity organized for the sole purpose of issuing trust preferred securities.
Basis of presentation	Basis of presentation: The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with rules and regulations of the Securities and Exchange Commission (“SEC”) and include the activity of the Company and its wholly-owned subsidiaries, the Bank and Church Street Capital. The statements do not include all of the information and footnotes required by GAAP for complete financial statements. All adjustments have been made which, in the opinion of management, are necessary for a fair presentation of the results for the interim periods presented. Such adjustments are all of a normal and recurring nature. All significant inter-company accounts and transactions have been eliminated in consolidation. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the full year. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited financial statements and the notes thereto as of December 31, 2023, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023.
Recently issued accounting pronouncements	Recently issued accounting pronouncements: In December 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 requires public entities to disclose significant segment expenses, an amount and description for other segment items, the title and position of the entity’s chief operating decision maker (“CODM”) and an explanation of how the CODM uses the reported measures of profit or loss to assess segment performance, and, on an interim basis, certain segment related disclosures that previously were required only on an annual basis. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements and that an entity is permitted to disclose multiple measures of segment profit or loss, provided that certain criteria are met. ASU 2023-07 is effective for the Company for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company will update its segment related disclosures upon adoption. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Income Taxes (Topic 740), Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires public entities to disclose in their rate reconciliation table additional categories of information about federal, state and foreign income taxes and to provide more details about the reconciling items in some categories if items meet a quantitative threshold. ASU 2023-09 also requires all entities to disclose income taxes paid, net of refunds, disaggregated by federal, state and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on quantitative thresholds, among other things. ASU 2023-09 is effective for the Company for fiscal years beginning after December 15, 2024 with early adoption permitted. The Company will update its income tax disclosures upon adoption. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company's financial position, results of operations or cash flows.
Reclassifications	Reclassifications: Certain reclassifications have been made to amounts reported in prior periods to conform to the current period presentation. The reclassifications had no material effect on net income or total stockholders' equity.
Subsequent events	Subsequent events: Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. For further information on a subsequent event related to the Company’s quarterly dividend, refer to Note 10.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Estimated Fair Value of Investment	The following table summarizes the amortized cost, fair value and allowance for credit losses of securities available for sale at June 30, 2024 and December 31, 2023, respectively, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss): (in thousands) Amortized Gross Unrealized Gross Unrealized Allowance for Credit Losses Fair June 30, 2024 U.S. Treasuries $ 145,932 $ 18 $ (12,087) $ — $ 133,863 Municipal 11,699 — (2,435) — 9,264 Corporate 5,000 — (498) — 4,502 Asset-backed securities 6,115 20 (18) — 6,117 Mortgage-backed securities 56,426 3 (2,258) — 54,171 Total $ 225,172 $ 41 $ (17,296) $ — $ 207,917 December 31, 2023 U.S. Treasuries $ 161,420 $ — $ (12,192) $ — $ 149,228 Municipal 11,699 4 (2,331) — 9,372 Corporate 5,000 — (587) — 4,413 Asset-backed securities 7,069 13 (37) — 7,045 Mortgage-backed securities 40,491 — (2,220) — 38,271 Total $ 225,679 $ 17 $ (17,367) $ — $ 208,329
Schedule of Investments Classified by Contractual Maturity Date	The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. June 30, 2024 December 31, 2023 (in thousands) Amortized Fair Amortized Fair Within one year $ 39,978 $ 39,296 $ 39,918 $ 39,294 One to five years 86,159 78,190 101,688 93,218 Five to ten years 29,802 25,188 26,215 22,511 Beyond ten years 6,692 4,955 10,298 7,990 Asset-backed securities (1) 6,115 6,117 7,069 7,045 Mortgage-backed securities (1) 56,426 54,171 40,491 38,271 Total $ 225,172 $ 207,917 $ 225,679 $ 208,329 _______________ (1) Asset-backed and Mortgage-backed securities are due in monthly installments.
Schedule of Investment Portfolio in Continuous Unrealized Loss Position, Fair Value	The following table summarizes debt securities available for sale in an unrealized loss position for which an ACL has not been recorded at June 30, 2024 and December 31, 2023, aggregated by major security type and length of time in a continuous unrealized loss position: Less than 12 months 12 months or longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2024 U.S. Treasuries $ — $ — $ 129,198 $ (12,087) $ 129,198 $ (12,087) Municipal 896 (4) 8,368 (2,431) 9,264 (2,435) Corporate — — 4,502 (498) 4,502 (498) Asset-backed securities — — 4,375 (18) 4,375 (18) Mortgage-backed securities 22,450 (285) 27,289 (1,973) 49,739 (2,258) Total $ 23,346 $ (289) $ 173,732 $ (17,007) $ 197,078 $ (17,296) December 31, 2023 U.S. Treasuries $ — $ — $ 149,228 $ (12,192) $ 149,228 $ (12,192) Municipal — — 8,473 (2,331) 8,473 (2,331) Corporate — — 4,413 (587) 4,413 (587) Asset-backed securities — — 5,154 (37) 5,154 (37) Mortgage-backed securities 6,057 (8) 32,214 (2,212) 38,271 (2,220) Total $ 6,057 $ (8) $ 199,482 $ (17,359) $ 205,539 $ (17,367)

Portfolio Loans Receivable an_2

Portfolio Loans Receivable and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Loans Receivable	The following is a summary of the major categories of total loans outstanding: June 30, 2024 December 31, 2023 (in thousands) Amount Percent Amount Percent Real estate: Residential $ 601,312 30 % $ 573,104 30 % Commercial 752,733 36 % 684,229 35 % Construction 294,489 15 % 290,108 15 % Commercial and Industrial 255,686 13 % 239,208 13 % Credit card, net of reserve (1) 122,217 6 % 123,331 7 % Other consumer 1,930 — % 950 — % Portfolio loans receivable, gross 2,028,367 100 % 1,910,930 100 % Deferred origination fees, net (6,779) (7,642) Allowance for credit losses (30,832) (28,610) Portfolio loans receivable, net $ 1,990,756 $ 1,874,678 _____________ (1) Credit card loans are presented net of reserve for interest and fees.
Schedule of Allowance for Credit Losses on Loans Receivables	The following tables set forth the changes in the ACL and an allocation of the ACL by loan segment class for the three and six months ended June 30, 2024 and June 30, 2023. (in thousands) Beginning Provision (Release of Provision) for Charge-Offs Recoveries Ending Three Months Ended June 30, 2024 Real estate: Residential $ 5,926 $ 482 $ (409) $ — $ 5,999 Commercial 11,123 559 — — 11,682 Construction 2,299 — — — 2,299 Commercial and Industrial 4,002 78 (4) — 4,076 Credit card 5,990 2,290 (1,524) 2 6,758 Other consumer 10 8 — — 18 Total $ 29,350 $ 3,417 $ (1,937) $ 2 $ 30,832 Six Months Ended June 30, 2024 Real estate: Residential $ 5,518 $ 1,115 $ (634) $ — $ 5,999 Commercial 10,316 1,366 — — 11,682 Construction 2,271 28 — — 2,299 Commercial and Industrial 4,406 (228) (102) — 4,076 Credit card 6,087 3,857 (3,292) 106 6,758 Other consumer 12 6 — — 18 Total $ 28,610 $ 6,144 $ (4,028) $ 106 $ 30,832 (in thousands) Beginning Provision (Release of Provision) for Charge-Offs Recoveries Ending Three Months Ended June 30, 2023 Real estate: Residential $ 5,408 $ 11 $ — $ — $ 5,419 Commercial 8,931 314 — — 9,245 Construction 1,753 115 — — 1,868 Commercial and Industrial 4,958 281 — — 5,239 Credit card 5,151 2,139 (1,589) 6 5,707 Other consumer 15 2 — — 17 Total $ 26,216 $ 2,862 $ (1,589) $ 6 $ 27,495 Six Months Ended June 30, 2023 Real estate: Residential $ 4,283 $ 1,136 $ — $ — $ 5,419 Commercial 12,039 (1,851) (943) — 9,245 Construction 1,809 59 — — 1,868 Commercial and Industrial 4,008 1,221 — 10 5,239 Credit card 5,033 3,957 (3,291) 8 5,707 Other consumer 17 — — — 17 Total $ 27,189 $ 4,522 $ (4,234) $ 18 $ 27,495
Schedule of Past Due Loans Receivables	Past due loans, segregated by age and class of loans, as of June 30, 2024 and December 31, 2023 were as follows: Portfolio Loans Past Due Loans Loans Loans Total Past Current Total Accruing Nonaccrual (in thousands) June 30, 2024 Real estate: Residential $ 1,596 $ 210 $ 5,910 $ 7,716 $ 593,596 $ 601,312 $ — $ 5,897 Commercial 2,574 9,499 853 12,926 739,807 752,733 302 2,421 Construction — — 4,189 4,189 290,300 294,489 — 4,181 Commercial and Industrial 324 1,225 948 2,497 253,189 255,686 — 1,554 Credit card 7,626 5,657 718 14,001 108,216 122,217 718 — Other consumer — — — — 1,930 1,930 — — Total $ 12,120 $ 16,591 $ 12,618 $ 41,329 $ 1,987,038 $ 2,028,367 $ 1,020 $ 14,053 Loans Loans Loans Total Past Current Total Accruing Nonaccrual December 31, 2023 Real estate: Residential $ 2,201 $ 3,096 $ 11,066 $ 16,363 $ 556,741 $ 573,104 $ 17 $ 11,398 Commercial 1,577 322 582 2,481 681,748 684,229 — 582 Construction — 1,165 3,296 4,461 285,647 290,108 — 3,288 Commercial and Industrial 1,356 74 454 1,884 237,324 239,208 — 774 Credit card 7,767 6,877 519 15,163 108,168 123,331 519 — Other consumer — — — — 950 950 — — Total $ 12,901 $ 11,534 $ 15,917 $ 40,352 $ 1,870,578 $ 1,910,930 $ 536 $ 16,042
Schedule of Non-Accrual Loans	The following presents the nonaccrual loans as of June 30, 2024 and December 31, 2023: June 30, 2024 Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Loss Total Nonaccrual Loans Interest Recognized on Nonaccrual Loans (in thousands) Real estate: Residential $ 5,552 $ 345 $ 5,897 $ 91 Commercial 2,039 382 2,421 30 Construction 4,181 — 4,181 256 Commercial and Industrial 1,172 382 1,554 108 Total $ 12,944 $ 1,109 $ 14,053 $ 485 December 31, 2023 Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Loss Total Nonaccrual Loans Interest Recognized on Nonaccrual Loans Real estate: Residential $ 11,152 $ 246 $ 11,398 $ 236 Commercial 582 — 582 46 Construction 3,288 — 3,288 185 Commercial and Industrial 598 176 774 71 Total $ 15,620 $ 422 $ 16,042 $ 538 Collateral dependent loans amortized cost (in thousands) June 30, 2024 December 31, 2023 Real estate: Residential $ 5,578 $ 11,152 Commercial 2,421 582 Construction 5,352 3,288 Commercial and Industrial 983 657 Total $ 14,334 $ 15,679
Schedule of Loan Modifications to Borrowers Experiencing Financial Difficulty	The Company made 4 loan modifications on loans to borrowers experiencing financial difficulty during the three months ended June 30, 2024 as follows: Interest rate reduction (in thousands) Amortized Cost Basis % of Total Loan Type Financial Effect Real estate: Residential $ 760 0.199 % Reduced contractual interest rate from 8.375% to 6.375%. Residential - Home Equity 91 0.164 % Reduced contractual interest rate from 10.49% to 6.375%. Commercial and Industrial 117 0.046 % Reduced contractual interest rate from 11.25% to 6.00%. Total $ 968 Term extension (in thousands) Amortized Cost Basis % of Total Loan Type Financial Effect Real estate: Residential $ 760 0.199 % Added 1 year to the life of the loan which reduced monthly payment amount for the borrower. Residential - Home Equity 91 0.164 % Added 22 years to the life of the loan which reduced monthly payment amount for the borrower. Commercial and Industrial 113 0.044 % Provided 6 months payment deferral to borrower through the Bank’s standard deferral program. The 6 monthly payments were added to the end of the original loan term. Total $ 964
Schedule of Loans Receivables Credit Quality Indicators	The following table presents the balances of classified loans based on the most recent credit quality indicator analysis. Classified loans include Special Mention, Substandard and Doubtful loans. Pass classified loans include loans graded exceptional, very good, good, satisfactory, and pass/watch. Credit card loans are ungraded as they are not individually graded. Charge-offs presented represent gross charge-offs recognized in the current period: June 30, 2024 Term Loans by Origination Year (in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Residential – Real estate Pass $ 72,546 $ 127,513 $ 126,053 $ 75,674 $ 73,756 $ 114,292 $ — $ 589,834 Special Mention — — — 128 3,628 284 — 4,040 Substandard — — — 808 — 6,630 — 7,438 Doubtful — — — — — — — — Total 72,546 127,513 126,053 76,610 77,384 121,206 — 601,312 Commercial – Real estate Pass 95,427 68,846 155,789 140,217 76,237 193,010 — 729,526 Special Mention — 2,300 10,788 — — 2,293 — 15,381 Substandard — — 7,275 — — 551 — 7,826 Doubtful — — — — — — — — Total 95,427 71,146 173,852 140,217 76,237 195,854 — 752,733 Construction – Real estate Pass 35,838 147,361 55,234 27,403 14,775 9,028 — 289,639 Special Mention — 661 — — — — — 661 Substandard — — — — 1,534 2,655 — 4,189 Doubtful — — — — — — — — Total 35,838 148,022 55,234 27,403 16,309 11,683 — 294,489 Commercial and Industrial Pass 41,926 67,373 62,325 26,581 6,956 44,685 — 249,846 Special Mention 258 — 532 — 2,337 42 — 3,169 Substandard — 46 812 205 912 696 — 2,671 Doubtful — — — — — — — — Total 42,184 67,419 63,669 26,786 10,205 45,423 — 255,686 Other consumer Pass 1,161 — 248 121 106 294 — 1,930 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 1,161 — 248 121 106 294 — 1,930 Credit card Ungraded — — — — — — 122,217 122,217 Portfolio loans receivable, gross $ 247,156 $ 414,100 $ 419,056 $ 271,137 $ 180,241 $ 374,460 $ 122,217 $ 2,028,367 June 30, 2024 (in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Gross Charge-Offs Residential $ — $ — $ — $ — $ — $ 634 $ — $ 634 Commercial and Industrial — — 102 — — — — 102 Credit card — — — — — — 3,292 3,292 Total $ — $ — $ 102 $ — $ — $ 634 $ 3,292 $ 4,028 December 31, 2023 Term Loans by Origination Year (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Residential – Real estate Pass $ 140,394 $ 137,362 $ 76,556 $ 76,938 $ 36,122 $ 88,055 $ — $ 555,427 Special Mention — — 134 3,670 1,176 288 — 5,268 Substandard — 33 — — 26 12,350 — 12,409 Doubtful — — — — — — — — Total 140,394 137,395 76,690 80,608 37,324 100,693 — 573,104 Commercial – Real estate Pass 62,095 185,776 145,756 68,748 96,238 116,347 — 674,960 Special Mention — 6,897 — — 805 985 — 8,687 Substandard — — — — 582 — — 582 Doubtful — — — — — — — — Total 62,095 192,673 145,756 68,748 97,625 117,332 — 684,229 Construction – Real estate Pass 142,157 72,240 46,180 16,859 6,246 2,517 — 286,199 Special Mention — — — — — 614 — 614 Substandard — — — 1,254 597 1,444 — 3,295 Doubtful — — — — — — — — Total 142,157 72,240 46,180 18,113 6,843 4,575 — 290,108 Commercial and Industrial Pass 70,540 71,689 28,007 9,364 18,036 37,392 — 235,028 Special Mention — 156 — 2,406 47 273 — 2,882 Substandard 30 814 211 — 42 201 — 1,298 Doubtful — — — — — — — — Total 70,570 72,659 28,218 11,770 18,125 37,866 — 239,208 Other consumer Pass 75 278 147 116 — 334 — 950 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 75 278 147 116 — 334 — 950 Credit card Ungraded — — — — — — 123,331 123,331 Portfolio loans receivable, gross $ 415,291 $ 475,245 $ 296,991 $ 179,355 $ 159,917 $ 260,800 $ 123,331 $ 1,910,930 December 31, 2023 (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Gross Charge-Offs Residential $ — $ — $ — $ — $ — $ 670 $ — $ 670 Commercial — — — — 943 — — 943 Commercial and Industrial — 98 — — — — — 98 Credit card — — — — — — 7,076 7,076 Total $ — $ 98 $ — $ — $ 943 $ 670 $ 7,076 $ 8,787
Schedule of Outstanding Loan Commitments	Outstanding loan commitments were as follows: (in thousands) June 30, 2024 December 31, 2023 Unused lines of credit Real Estate: Residential $ 21,526 $ 15,436 Residential - Home Equity 44,592 43,892 Commercial 34,905 20,424 Construction 111,585 98,777 Commercial and Industrial 70,170 42,751 Credit card (1) 125,619 114,882 Other consumer 312 310 Total $ 408,709 $ 336,472 Letters of credit $ 4,633 $ 4,641 _______________ (1) Outstanding loan commitments in the credit card portfolio include $102.6 million and $98.2 million in secured and partially secured balances as of June 30, 2024 and December 31, 2023, respectively.
Schedule of Credit Losses for Financing Receivables	Activity for this account is as follows for the periods presented: Three months ended Six months ended (in thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Balance at beginning of period $ 948 $ 888 $ 806 $ 1,682 Impact of adopting the CECL standard on January 1, 2023 — — — (775) Provision for (release of) credit losses on unfunded commitments 104 — 246 (19) Balance at end of period $ 1,052 $ 888 $ 1,052 $ 888 Three months ended Six months ended (in thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Balance at beginning of period $ 998 $ 1,179 $ 985 $ 1,174 (Release of) provision for mortgage loan put-back reserve (86) 3 (73) 8 Balance at end of period $ 912 $ 1,182 $ 912 $ 1,182

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table reports the commitment and fair value amounts on the outstanding derivatives: (in thousands) June 30, 2024 December 31, 2023 Notional amount of open forward sales agreements $ 4,500 $ — Fair value of open forward delivery sales agreements 21 — Notional amount of interest rate lock commitments 3,314 — Fair value of interest rate lock commitments (1) —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Assets and Liabilities, Lessee	The Company’s lease information is summarized as follows: (in thousands) June 30, 2024 December 31, 2023 Lease Right of Use Asset: Lease asset $ 7,278 $ 6,810 Less: Accumulated amortization (3,358) (3,223) Net lease asset $ 3,920 $ 3,587 Lease Liability: Lease liability $ 7,691 6,892 Less: Accumulated amortization (3,272) (3,101) Net lease liability $ 4,419 $ 3,791
Schedule of Lessee, Operating Lease, Liability, Maturity	Future minimum payments for operating leases with initial or remaining terms of one year or more are as follows: (in thousands) June 30, 2024 Amounts due in: 2024 $ 599 2025 1,057 2026 1,024 2027 517 2028 390 2029 and thereafter 1,589 Total future lease payments 5,176 Discount of cash flows (757) Present value of net future lease payments $ 4,419

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The Company has categorized its financial instruments measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 as follows: (in thousands) June 30, 2024 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investment securities available for sale U.S. Treasuries $ 133,863 $ 133,863 $ — $ — Municipal 9,264 — 9,264 — Corporate 4,502 — 4,502 — Asset-backed securities 6,117 — 6,117 — Mortgage-backed securities 54,171 — 54,171 — Total $ 207,917 $ 133,863 $ 74,054 $ — Loans held for sale $ 19,219 $ — $ 19,219 $ — Derivative assets $ 21 $ — $ 21 $ — Derivative liabilities $ 1 $ — $ 1 $ — December 31, 2023 Investment securities available for sale U.S. Treasuries $ 149,228 $ 149,228 $ — $ — Municipal 9,372 — 9,372 — Corporate 4,413 — 4,413 — Asset-backed securities 7,045 — 7,045 — Mortgage-backed securities 38,271 — 38,271 — Total $ 208,329 $ 149,228 $ 59,101 $ — Loans held for sale $ 7,481 $ — $ 7,481 $ — Derivative assets $ — $ — $ — $ — Derivative liabilities $ — $ — $ — $ —
Schedule of Fair Value of Loans Held For Sale	The following table reflects the difference between the fair value carrying amount of loans held for sale, measured at fair value under FASB ASC 825-10, and the aggregate unpaid principal amount the Company is contractually entitled to receive at maturity: Fair Value of Loans Held for Sale (in thousands) June 30, 2024 December 31, 2023 Aggregate fair value $ 19,219 $ 7,481 Contractual principal 15,559 5,168 Difference $ 3,660 $ 2,313
Schedule of Fair Value Measurements, Nonrecurring	The Company has categorized its financial instruments measured at fair value on a nonrecurring basis as of June 30, 2024 and December 31, 2023 as follows: (in thousands) June 30, 2024 December 31, 2023 Individually evaluated loans for credit loss, net Level 3 inputs 14,018 15,620 Total $ 14,018 15,620
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table provides information describing the unobservable inputs used in Level 3 fair value measurements at June 30, 2024 and December 31, 2023: Unobservable Inputs Valuation Technique Unobservable Inputs Range of Inputs Individually evaluated loans Appraised Value/Discounted Cash Flows Discounts to appraisals or cash flows for estimated holding and/or selling costs 0 to 25%
Schedule of Fair Value Measurements, Recurring and Nonrecurring	The table below presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments. June 30, 2024 December 31, 2023 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial assets Level 1 Cash and due from banks $ 19,294 $ 19,294 $ 14,513 $ 14,513 Interest-bearing deposits at other financial institutions 117,160 117,160 39,044 39,044 Federal funds sold 57 57 407 407 Level 3 Portfolio loans receivable, net $ 1,990,756 $ 1,961,344 $ 1,874,678 $ 1,855,158 Restricted investments 4,930 4,930 4,353 4,353 Financial liabilities Level 1 Noninterest-bearing deposits $ 684,574 $ 684,574 $ 617,373 $ 617,373 Level 3 Interest-bearing deposits $ 1,415,854 $ 1,415,888 $ 1,278,623 $ 1,280,682 FHLB advances and other borrowed funds 44,062 41,745 49,062 46,634

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following schedule presents financial information for each reportable segment at June 30, 2024 and June 30, 2023. For the Three Months Ended June 30, 2024 (in thousands) Commercial Bank CBHL OpenSky ™ Corporate (2) Eliminations Consolidated Interest income $ 33,935 $ 132 $ 15,785 $ 824 $ (61) $ 50,615 Interest expense 13,312 83 — 224 (61) 13,558 Net interest income 20,623 49 15,785 600 — 37,057 Provision for credit losses 1,118 — 2,299 — — 3,417 Provision for credit losses on unfunded commitments 104 — — — — 104 Net interest income after provision 19,401 49 13,486 600 — 33,536 Noninterest income 677 1,845 4,368 — — 6,890 Noninterest expense (1) 12,209 2,500 13,775 1,009 — 29,493 Net income (loss) before taxes $ 7,869 $ (606) $ 4,079 $ (409) $ — $ 10,933 Total assets $ 2,254,198 $ 19,622 $ 115,593 $ 288,872 $ (239,702) $ 2,438,583 For the Three Months Ended June 30, 2023 Interest income $ 28,742 $ 111 $ 15,168 $ 1,134 $ (75) $ 45,080 Interest expense 9,537 42 — 236 (75) 9,740 Net interest income 19,205 69 15,168 898 — 35,340 Provision for credit losses 735 — 2,127 — — 2,862 Net interest income after provision 18,470 69 13,041 898 — 32,478 Noninterest income 810 1,161 4,714 2 — 6,687 Noninterest expense (1) 11,675 2,322 15,118 477 — 29,592 Net income (loss) before taxes $ 7,605 $ (1,092) $ 2,637 $ 423 $ — $ 9,573 Total assets $ 2,047,400 $ 10,605 $ 116,123 $ 260,309 $ (206,571) $ 2,227,866 (1) Noninterest expense includes $6.3 million and $5.9 million in data processing expense in the OpenSky ™ segment for the three months ended June 30, 2024 and 2023, respectively. (2) The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company. For the Six Months Ended June 30, 2024 (in thousands) Commercial Bank CBHL OpenSky ™ Corporate (2) Eliminations Consolidated Interest income $ 66,464 $ 215 $ 30,706 $ 1,723 $ (124) $ 98,984 Interest expense 26,466 124 — 453 (124) 26,919 Net interest income 39,998 91 30,706 1,270 — 72,065 Provision for credit losses 2,227 — 3,858 59 — 6,144 Provision for credit losses on unfunded commitments 246 — — — — 246 Net interest income after provision 37,525 91 26,848 1,211 — 65,675 Noninterest income 1,381 3,197 8,283 1 — 12,862 Noninterest expense (1) 24,468 4,605 27,374 2,533 — 58,980 Net income (loss) before taxes $ 14,438 $ (1,317) $ 7,757 $ (1,321) $ — $ 19,557 Total assets $ 2,254,198 $ 19,622 $ 115,593 $ 288,872 $ (239,702) $ 2,438,583 For the Six Months Ended June 30, 2023 Interest income $ 55,042 $ 188 $ 31,298 $ 2,112 $ (144) $ 88,496 Interest expense 18,276 72 — 465 (144) 18,669 Net interest income 36,766 116 31,298 1,647 — 69,827 Provision for credit losses 574 — 3,948 — — 4,522 Release of credit losses on unfunded commitments (19) — — — — (19) Net interest income after provision 36,211 116 27,350 1,647 — 65,324 Noninterest income 1,299 2,488 8,924 2 — 12,713 Noninterest expense (1) 23,443 4,658 26,856 857 — 55,814 Net income (loss) before taxes $ 14,067 $ (2,054) $ 9,418 $ 792 $ — $ 22,223 Total assets $ 2,047,400 $ 10,605 $ 116,123 $ 260,309 $ (206,571) $ 2,227,866 (1) Noninterest expense includes $12.5 million and $11.9 million in data processing expense in OpenSky’s ™ segment for the six months ended June 30, 2024 and 2023, respectively. (2) The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company.

Nature of Business and Basis _3

Nature of Business and Basis of Presentation (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) segment	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Loans outstanding	$ 1,990,756		$ 1,874,678
Allowance for credit losses	$ 30,832	$ 29,350	$ 28,610	$ 27,495	$ 26,216	$ 27,189
Number of reportable segments | segment	4
Church Street Capital
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Loans outstanding	$ 7,100
Allowance for credit losses	$ 184

Pending Acquisition (Details)

Pending Acquisition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Assets	$ 2,438,583	$ 2,227,866	$ 2,438,583	$ 2,227,866	$ 2,226,176
Merger-related expenses	83	$ 0	795	$ 0
IFHI
Business Acquisition [Line Items]
Merger-related expenses	$ 100		$ 800
IFHI
Business Acquisition [Line Items]
Assets					$ 548,000

Investment Securities - Amortiz

Investment Securities - Amortized cost to Estimated Fair Value (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 225,172,000	$ 225,679,000
Gross Unrealized Gains	41,000	17,000
Gross Unrealized Losses	(17,296,000)	(17,367,000)
Allowance for Credit Losses	0	0
Investment securities available for sale	207,917,000	208,329,000
U.S. Treasuries
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	145,932,000	161,420,000
Gross Unrealized Gains	18,000	0
Gross Unrealized Losses	(12,087,000)	(12,192,000)
Allowance for Credit Losses	0	0
Investment securities available for sale	133,863,000	149,228,000
Municipal
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,699,000	11,699,000
Gross Unrealized Gains	0	4,000
Gross Unrealized Losses	(2,435,000)	(2,331,000)
Allowance for Credit Losses	0	0
Investment securities available for sale	9,264,000	9,372,000
Corporate
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,000,000	5,000,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(498,000)	(587,000)
Allowance for Credit Losses	0	0
Investment securities available for sale	4,502,000	4,413,000
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	6,115,000	7,069,000
Gross Unrealized Gains	20,000	13,000
Gross Unrealized Losses	(18,000)	(37,000)
Allowance for Credit Losses	0	0
Investment securities available for sale	6,117,000	7,045,000
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	56,426,000	40,491,000
Gross Unrealized Gains	3,000	0
Gross Unrealized Losses	(2,258,000)	(2,220,000)
Allowance for Credit Losses	0	0
Investment securities available for sale	$ 54,171,000	$ 38,271,000

Investment Securities - Narrati

Investment Securities - Narrative (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 security	Dec. 31, 2023 USD ($)
Debt Securities, Available-for-sale [Line Items]
Number of securities sold | security	0	0
Allowance for Credit Losses	$ 0		$ 0
Pledged securities	0		170,700,000
Minimum
Debt Securities, Available-for-sale [Line Items]
Subordinated debt	500,000
Maximum
Debt Securities, Available-for-sale [Line Items]
Subordinated debt	$ 2,000,000
Standard & Poor's, AAA Rating
Debt Securities, Available-for-sale [Line Items]
Credit financing ratings	82%
Standard & Poor's, AA+ Rating
Debt Securities, Available-for-sale [Line Items]
Credit financing ratings	8%
Standard & Poor's, AA- Rating
Debt Securities, Available-for-sale [Line Items]
Credit financing ratings	10%
Corporate
Debt Securities, Available-for-sale [Line Items]
Allowance for Credit Losses	$ 0		0
Number of securities in a loss position for greater than twelve months | security	5
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Allowance for Credit Losses	$ 0		$ 0
Number of securities in a loss position for greater than twelve months | security	3

Investment Securities - By Matu

Investment Securities - By Maturity Dates (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Within one year	$ 39,978	$ 39,918
One to five years	86,159	101,688
Five to ten years	29,802	26,215
Beyond ten years	6,692	10,298
Amortized Cost	225,172	225,679
Fair Value
Within one year	39,296	39,294
One to five years	78,190	93,218
Five to ten years	25,188	22,511
Beyond ten years	4,955	7,990
Fair Value	207,917	208,329
Asset-backed securities
Amortized Cost
Amortized Cost	6,115	7,069
Fair Value
Fair Value	6,117	7,045
Mortgage-backed securities
Amortized Cost
Amortized Cost	56,426	40,491
Fair Value
Fair Value	$ 54,171	$ 38,271

Investment Securities - Unreali

Investment Securities - Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
AFS, Less than 12 Months, Fair Value	$ 23,346	$ 6,057
AFS, Less than 12 months, Unrealized Losses	(289)	(8)
AFS,12 Months or Longer, Fair Value	173,732	199,482
AFS, 12 months or longer, Unrealized Losses	(17,007)	(17,359)
AFS, Total, Fair Value	197,078	205,539
AFS, Total, Unrealized Losses	(17,296)	(17,367)
U.S. Treasuries
Debt Securities, Available-for-sale [Line Items]
AFS, Less than 12 Months, Fair Value	0	0
AFS, Less than 12 months, Unrealized Losses	0	0
AFS,12 Months or Longer, Fair Value	129,198	149,228
AFS, 12 months or longer, Unrealized Losses	(12,087)	(12,192)
AFS, Total, Fair Value	129,198	149,228
AFS, Total, Unrealized Losses	(12,087)	(12,192)
Municipal
Debt Securities, Available-for-sale [Line Items]
AFS, Less than 12 Months, Fair Value	896	0
AFS, Less than 12 months, Unrealized Losses	(4)	0
AFS,12 Months or Longer, Fair Value	8,368	8,473
AFS, 12 months or longer, Unrealized Losses	(2,431)	(2,331)
AFS, Total, Fair Value	9,264	8,473
AFS, Total, Unrealized Losses	(2,435)	(2,331)
Corporate
Debt Securities, Available-for-sale [Line Items]
AFS, Less than 12 Months, Fair Value	0	0
AFS, Less than 12 months, Unrealized Losses	0	0
AFS,12 Months or Longer, Fair Value	4,502	4,413
AFS, 12 months or longer, Unrealized Losses	(498)	(587)
AFS, Total, Fair Value	4,502	4,413
AFS, Total, Unrealized Losses	(498)	(587)
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
AFS, Less than 12 Months, Fair Value	0	0
AFS, Less than 12 months, Unrealized Losses	0	0
AFS,12 Months or Longer, Fair Value	4,375	5,154
AFS, 12 months or longer, Unrealized Losses	(18)	(37)
AFS, Total, Fair Value	4,375	5,154
AFS, Total, Unrealized Losses	(18)	(37)
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
AFS, Less than 12 Months, Fair Value	22,450	6,057
AFS, Less than 12 months, Unrealized Losses	(285)	(8)
AFS,12 Months or Longer, Fair Value	27,289	32,214
AFS, 12 months or longer, Unrealized Losses	(1,973)	(2,212)
AFS, Total, Fair Value	49,739	38,271
AFS, Total, Unrealized Losses	$ (2,258)	$ (2,220)

Portfolio Loans Receivable an_3

Portfolio Loans Receivable and Allowance for Credit Losses - Classification of Loans (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 receivable, gross amount	$ 2,028,367		$ 1,910,930
Loans receivable, gross percent	100%		100%
Deferred origination fees, net	$ (6,779)		$ (7,642)
Allowance for credit losses	(30,832)	$ (29,350)	(28,610)	$ (27,495)	$ (26,216)	$ (27,189)
Total portfolio loans held for investment, net	1,990,756		1,874,678
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	$ 255,686		$ 239,208
Loans receivable, gross percent	13%		13%
Allowance for credit losses	$ (4,076)	(4,002)	$ (4,406)	(5,239)	(4,958)	(4,008)
Real estate: | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	$ 601,312		$ 573,104
Loans receivable, gross percent	30%		30%
Allowance for credit losses	$ (5,999)	(5,926)	$ (5,518)	(5,419)	(5,408)	(4,283)
Real estate: | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	$ 752,733		$ 684,229
Loans receivable, gross percent	36%		35%
Allowance for credit losses	$ (11,682)	(11,123)	$ (10,316)	(9,245)	(8,931)	(12,039)
Real estate: | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	$ 294,489		$ 290,108
Loans receivable, gross percent	15%		15%
Allowance for credit losses	$ (2,299)	(2,299)	$ (2,271)	(1,868)	(1,753)	(1,809)
Credit card, net of reserve | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	$ 122,217		$ 123,331
Loans receivable, gross percent	6%		7%
Allowance for credit losses	$ (6,758)	(5,990)	$ (6,087)	(5,707)	(5,151)	(5,033)
Other consumer | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	$ 1,930		$ 950
Loans receivable, gross percent	0%		0%
Allowance for credit losses	$ (18)	$ (10)	$ (12)	$ (17)	$ (15)	$ (17)

Portfolio Loans Receivable an_4

Portfolio Loans Receivable and Allowance for Credit Losses - Allowance for Loan 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
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 29,350	$ 26,216	$ 28,610	$ 27,189	$ 27,189
Provision (Release of Provision) for Credit Losses	3,417	2,862	6,144	4,522
Charge-Offs	(1,937)	(1,589)	(4,028)	(4,234)	(8,787)
Recoveries	2	6	106	18
Ending balance	30,832	27,495	30,832	27,495	28,610
Residential
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Charge-Offs			(634)		(670)
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Charge-Offs					(943)
Commercial and Industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,002	4,958	4,406	4,008	4,008
Provision (Release of Provision) for Credit Losses	78	281	(228)	1,221
Charge-Offs	(4)	0	(102)	0	(98)
Recoveries	0	0	0	10
Ending balance	4,076	5,239	4,076	5,239	4,406
Real estate: | Residential
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,926	5,408	5,518	4,283	4,283
Provision (Release of Provision) for Credit Losses	482	11	1,115	1,136
Charge-Offs	(409)	0	(634)	0
Recoveries	0	0	0	0
Ending balance	5,999	5,419	5,999	5,419	5,518
Real estate: | Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	11,123	8,931	10,316	12,039	12,039
Provision (Release of Provision) for Credit Losses	559	314	1,366	(1,851)
Charge-Offs	0	0	0	(943)
Recoveries	0	0	0	0
Ending balance	11,682	9,245	11,682	9,245	10,316
Real estate: | Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,299	1,753	2,271	1,809	1,809
Provision (Release of Provision) for Credit Losses	0	115	28	59
Charge-Offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	2,299	1,868	2,299	1,868	2,271
Credit card | Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,990	5,151	6,087	5,033	5,033
Provision (Release of Provision) for Credit Losses	2,290	2,139	3,857	3,957
Charge-Offs	(1,524)	(1,589)	(3,292)	(3,291)	(7,076)
Recoveries	2	6	106	8
Ending balance	6,758	5,707	6,758	5,707	6,087
Other consumer | Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	10	15	12	17	17
Provision (Release of Provision) for Credit Losses	8	2	6	0
Charge-Offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	$ 18	$ 17	$ 18	$ 17	$ 12

Portfolio Loans Receivable an_5

Portfolio Loans Receivable and Allowance for Credit Losses - Past Due Financing Receivable (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	$ 2,028,367	$ 1,910,930
Accruing Loans 90 or More Days Past Due	1,020	536
Nonaccrual Loans	14,053	16,042
Residential Real Estate
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	2,800	8,100
Total Past Due Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	41,329	40,352
Loans 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	12,120	12,901
Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	16,591	11,534
Loans 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	12,618	15,917
Current Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	1,987,038	1,870,578
Residential | Real estate:
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	601,312	573,104
Accruing Loans 90 or More Days Past Due	0	17
Nonaccrual Loans	5,897	11,398
Residential | Real estate: | Total Past Due Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	7,716	16,363
Residential | Real estate: | Loans 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	1,596	2,201
Residential | Real estate: | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	210	3,096
Residential | Real estate: | Loans 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	5,910	11,066
Residential | Real estate: | Current Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	593,596	556,741
Commercial | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivables, outstanding exposure amount	11,600
Commercial | Real estate:
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	752,733	684,229
Accruing Loans 90 or More Days Past Due	302	0
Nonaccrual Loans	2,421	582
Commercial | Real estate: | Total Past Due Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	12,926	2,481
Commercial | Real estate: | Loans 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	2,574	1,577
Commercial | Real estate: | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	9,499	322
Commercial | Real estate: | Loans 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	853	582
Commercial | Real estate: | Current Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	739,807	681,748
Commercial | Real estate: | Current Loans | Owner-occupied
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	3,900
Construction | Real estate:
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	294,489	290,108
Accruing Loans 90 or More Days Past Due	0	0
Nonaccrual Loans	4,181	3,288
Construction | Real estate: | Total Past Due Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	4,189	4,461
Construction | Real estate: | Loans 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	0	0
Construction | Real estate: | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	0	1,165
Construction | Real estate: | Loans 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	4,189	3,296
Construction | Real estate: | Current Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	290,300	285,647
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	255,686	239,208
Accruing Loans 90 or More Days Past Due	0	0
Nonaccrual Loans	1,554	774
Commercial and Industrial | Total Past Due Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	2,497	1,884
Commercial and Industrial | Loans 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	324	1,356
Commercial and Industrial | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	1,225	74
Commercial and Industrial | Loans 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	948	454
Commercial and Industrial | Current Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	253,189	237,324
Consumer | Credit card, net of reserve
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	122,217	123,331
Accruing Loans 90 or More Days Past Due	718	519
Nonaccrual Loans	0	0
Consumer | Credit card, net of reserve | Total Past Due Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	14,001	15,163
Consumer | Credit card, net of reserve | Loans 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	7,626	7,767
Consumer | Credit card, net of reserve | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	5,657	6,877
Consumer | Credit card, net of reserve | Loans 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	718	519
Consumer | Credit card, net of reserve | Current Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	108,216	108,168
Consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	1,930	950
Accruing Loans 90 or More Days Past Due	0	0
Nonaccrual Loans	0	0
Consumer | Other consumer | Total Past Due Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	0	0
Consumer | Other consumer | Loans 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	0	0
Consumer | Other consumer | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	0	0
Consumer | Other consumer | Loans 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	0	0
Consumer | Other consumer | Current Loans
Financing Receivable, Past Due [Line Items]
Loans receivable, gross amount	$ 1,930	$ 950

Portfolio Loans Receivable an_6

Portfolio Loans Receivable and Allowance for Credit Losses - Schedule of Non-Accrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Nonaccrual with No Allowance for Credit Loss	$ 12,944	$ 15,620
Nonaccrual with an Allowance for Credit Loss	1,109	422
Nonaccrual Loans	14,053	16,042
Interest Recognized on Nonaccrual Loans	485	538
Collateral dependent loans amortized cost	14,334	15,679
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual with No Allowance for Credit Loss	1,172	598
Nonaccrual with an Allowance for Credit Loss	382	176
Nonaccrual Loans	1,554	774
Interest Recognized on Nonaccrual Loans	108	71
Collateral dependent loans amortized cost	983	657
Specific reserve on collateral dependent loans	218	115
Real estate: | Residential
Financing Receivable, Past Due [Line Items]
Nonaccrual with No Allowance for Credit Loss	5,552	11,152
Nonaccrual with an Allowance for Credit Loss	345	246
Nonaccrual Loans	5,897	11,398
Interest Recognized on Nonaccrual Loans	91	236
Collateral dependent loans amortized cost	5,578	11,152
Specific reserve on collateral dependent loans	345
Real estate: | Commercial
Financing Receivable, Past Due [Line Items]
Nonaccrual with No Allowance for Credit Loss	2,039	582
Nonaccrual with an Allowance for Credit Loss	382	0
Nonaccrual Loans	2,421	582
Interest Recognized on Nonaccrual Loans	30	46
Collateral dependent loans amortized cost	2,421	582
Specific reserve on collateral dependent loans	382
Real estate: | Construction
Financing Receivable, Past Due [Line Items]
Nonaccrual with No Allowance for Credit Loss	4,181	3,288
Nonaccrual with an Allowance for Credit Loss	0	0
Nonaccrual Loans	4,181	3,288
Interest Recognized on Nonaccrual Loans	256	185
Collateral dependent loans amortized cost	$ 5,352	$ 3,288

Portfolio Loans Receivable an_7

Portfolio Loans Receivable and Allowance for Credit Losses - Schedule of Loan Modifications to Borrowers Experiencing Financial Difficulty (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) loanModification	Jun. 30, 2023 loanModification	Jun. 30, 2023 loanModification
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loan modifications | loanModification	4	0	0
Interest rate reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 968
Interest rate reduction | Residential | Real estate:
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 760
% of Total Loan Type	0.199%
Contractual interest rate before loan modifications	8.375%
Contractual interest rate loan modifications	6.375%
Interest rate reduction | Residential | Residential - Home Equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 91
% of Total Loan Type	0.164%
Contractual interest rate before loan modifications	10.49%
Contractual interest rate loan modifications	6.375%
Interest rate reduction | Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 117
% of Total Loan Type	0.046%
Contractual interest rate before loan modifications	11.25%
Contractual interest rate loan modifications	6%
Term extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 964
Term extension | Residential | Real estate:
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 760
% of Total Loan Type	0.199%
Term increase to the life of the loan after loan modifications	1 year
Term extension | Residential | Residential - Home Equity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 91
% of Total Loan Type	0.164%
Term increase to the life of the loan after loan modifications	22 years
Term extension | Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 113
% of Total Loan Type	0.044%
Term increase to the life of the loan after loan modifications	6 months
Payment deferral period after loan modifications	6 months

Portfolio Loans Receivable an_8

Portfolio Loans Receivable and Allowance for Credit Losses - Credit Quality Indicators and Charge-offs (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
Term Loans by Origination Year
Current year	$ 247,156		$ 247,156		$ 415,291
One year before current year	414,100		414,100		475,245
Two years before current year	419,056		419,056		296,991
Three years before current year	271,137		271,137		179,355
Four years before current year	180,241		180,241		159,917
Prior	374,460		374,460		260,800
Revolving	122,217		122,217		123,331
Total	2,028,367		2,028,367		1,910,930
Gross Charge-Offs
Current year			0		0
One year before current year			0		98
Two years before current year			102		0
Three years before current year			0		0
Four years before current year			0		943
Prior			634		670
Revolving			3,292		7,076
Total	1,937	$ 1,589	4,028	$ 4,234	8,787
Residential
Gross Charge-Offs
Current year			0		0
One year before current year			0		0
Two years before current year			0		0
Three years before current year			0		0
Four years before current year			0		0
Prior			634		670
Revolving			0		0
Total			634		670
Residential | Real estate:
Term Loans by Origination Year
Current year	72,546		72,546		140,394
One year before current year	127,513		127,513		137,395
Two years before current year	126,053		126,053		76,690
Three years before current year	76,610		76,610		80,608
Four years before current year	77,384		77,384		37,324
Prior	121,206		121,206		100,693
Revolving	0		0		0
Total	601,312		601,312		573,104
Gross Charge-Offs
Total	409	0	634	0
Residential | Real estate: | Pass
Term Loans by Origination Year
Current year	72,546		72,546		140,394
One year before current year	127,513		127,513		137,362
Two years before current year	126,053		126,053		76,556
Three years before current year	75,674		75,674		76,938
Four years before current year	73,756		73,756		36,122
Prior	114,292		114,292		88,055
Revolving	0		0		0
Total	589,834		589,834		555,427
Residential | Real estate: | Special Mention
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		134
Three years before current year	128		128		3,670
Four years before current year	3,628		3,628		1,176
Prior	284		284		288
Revolving	0		0		0
Total	4,040		4,040		5,268
Residential | Real estate: | Substandard
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		33
Two years before current year	0		0		0
Three years before current year	808		808		0
Four years before current year	0		0		26
Prior	6,630		6,630		12,350
Revolving	0		0		0
Total	7,438		7,438		12,409
Residential | Real estate: | Doubtful
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	0		0		0
Commercial
Gross Charge-Offs
Current year					0
One year before current year					0
Two years before current year					0
Three years before current year					0
Four years before current year					943
Prior					0
Revolving					0
Total					943
Commercial | Real estate:
Term Loans by Origination Year
Current year	95,427		95,427		62,095
One year before current year	71,146		71,146		192,673
Two years before current year	173,852		173,852		145,756
Three years before current year	140,217		140,217		68,748
Four years before current year	76,237		76,237		97,625
Prior	195,854		195,854		117,332
Revolving	0		0		0
Total	752,733		752,733		684,229
Gross Charge-Offs
Total	0	0	0	943
Commercial | Real estate: | Pass
Term Loans by Origination Year
Current year	95,427		95,427		62,095
One year before current year	68,846		68,846		185,776
Two years before current year	155,789		155,789		145,756
Three years before current year	140,217		140,217		68,748
Four years before current year	76,237		76,237		96,238
Prior	193,010		193,010		116,347
Revolving	0		0		0
Total	729,526		729,526		674,960
Commercial | Real estate: | Special Mention
Term Loans by Origination Year
Current year	0		0		0
One year before current year	2,300		2,300		6,897
Two years before current year	10,788		10,788		0
Three years before current year	0		0		0
Four years before current year	0		0		805
Prior	2,293		2,293		985
Revolving	0		0		0
Total	15,381		15,381		8,687
Commercial | Real estate: | Substandard
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	7,275		7,275		0
Three years before current year	0		0		0
Four years before current year	0		0		582
Prior	551		551		0
Revolving	0		0		0
Total	7,826		7,826		582
Commercial | Real estate: | Doubtful
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	0		0		0
Construction | Real estate:
Term Loans by Origination Year
Current year	35,838		35,838		142,157
One year before current year	148,022		148,022		72,240
Two years before current year	55,234		55,234		46,180
Three years before current year	27,403		27,403		18,113
Four years before current year	16,309		16,309		6,843
Prior	11,683		11,683		4,575
Revolving	0		0		0
Total	294,489		294,489		290,108
Gross Charge-Offs
Total	0	0	0	0
Construction | Real estate: | Pass
Term Loans by Origination Year
Current year	35,838		35,838		142,157
One year before current year	147,361		147,361		72,240
Two years before current year	55,234		55,234		46,180
Three years before current year	27,403		27,403		16,859
Four years before current year	14,775		14,775		6,246
Prior	9,028		9,028		2,517
Revolving	0		0		0
Total	289,639		289,639		286,199
Construction | Real estate: | Special Mention
Term Loans by Origination Year
Current year	0		0		0
One year before current year	661		661		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		614
Revolving	0		0		0
Total	661		661		614
Construction | Real estate: | Substandard
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		1,254
Four years before current year	1,534		1,534		597
Prior	2,655		2,655		1,444
Revolving	0		0		0
Total	4,189		4,189		3,295
Construction | Real estate: | Doubtful
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	0		0		0
Commercial and Industrial
Term Loans by Origination Year
Current year	42,184		42,184		70,570
One year before current year	67,419		67,419		72,659
Two years before current year	63,669		63,669		28,218
Three years before current year	26,786		26,786		11,770
Four years before current year	10,205		10,205		18,125
Prior	45,423		45,423		37,866
Revolving	0		0		0
Total	255,686		255,686		239,208
Gross Charge-Offs
Current year			0		0
One year before current year			0		98
Two years before current year			102		0
Three years before current year			0		0
Four years before current year			0		0
Prior			0		0
Revolving			0		0
Total	4	0	102	0	98
Commercial and Industrial | Pass
Term Loans by Origination Year
Current year	41,926		41,926		70,540
One year before current year	67,373		67,373		71,689
Two years before current year	62,325		62,325		28,007
Three years before current year	26,581		26,581		9,364
Four years before current year	6,956		6,956		18,036
Prior	44,685		44,685		37,392
Revolving	0		0		0
Total	249,846		249,846		235,028
Commercial and Industrial | Special Mention
Term Loans by Origination Year
Current year	258		258		0
One year before current year	0		0		156
Two years before current year	532		532		0
Three years before current year	0		0		2,406
Four years before current year	2,337		2,337		47
Prior	42		42		273
Revolving	0		0		0
Total	3,169		3,169		2,882
Commercial and Industrial | Substandard
Term Loans by Origination Year
Current year	0		0		30
One year before current year	46		46		814
Two years before current year	812		812		211
Three years before current year	205		205		0
Four years before current year	912		912		42
Prior	696		696		201
Revolving	0		0		0
Total	2,671		2,671		1,298
Commercial and Industrial | Doubtful
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	0		0		0
Consumer | Other consumer
Term Loans by Origination Year
Current year	1,161		1,161		75
One year before current year	0		0		278
Two years before current year	248		248		147
Three years before current year	121		121		116
Four years before current year	106		106		0
Prior	294		294		334
Revolving	0		0		0
Total	1,930		1,930		950
Gross Charge-Offs
Total	0	0	0	0
Consumer | Other consumer | Pass
Term Loans by Origination Year
Current year	1,161		1,161		75
One year before current year	0		0		278
Two years before current year	248		248		147
Three years before current year	121		121		116
Four years before current year	106		106		0
Prior	294		294		334
Revolving	0		0		0
Total	1,930		1,930		950
Consumer | Other consumer | Special Mention
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	0		0		0
Consumer | Other consumer | Substandard
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	0		0		0
Consumer | Other consumer | Doubtful
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	0		0		0
Consumer | Credit card, net of reserve
Term Loans by Origination Year
Total	122,217		122,217		123,331
Gross Charge-Offs
Current year			0		0
One year before current year			0		0
Two years before current year			0		0
Three years before current year			0		0
Four years before current year			0		0
Prior			0		0
Revolving			3,292		7,076
Total	1,524	$ 1,589	3,292	$ 3,291	7,076
Consumer | Credit card, net of reserve | Ungraded
Term Loans by Origination Year
Current year	0		0		0
One year before current year	0		0		0
Two years before current year	0		0		0
Three years before current year	0		0		0
Four years before current year	0		0		0
Prior	0		0		0
Revolving	122,217		122,217		123,331
Total	$ 122,217		$ 122,217		$ 123,331

Portfolio Loans Receivable an_9

Portfolio Loans Receivable and Allowance for Credit Losses - Outstanding Loan Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	$ 2,028,367	$ 1,910,930
Residential | Real estate:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	601,312	573,104
Commercial | Real estate:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	752,733	684,229
Construction | Real estate:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	294,489	290,108
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	255,686	239,208
Consumer | Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	122,217	123,331
Consumer | Credit card | Savings Deposits
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	102,600	98,200
Consumer | Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross amount	1,930	950
Commitments to Extend Credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused lines of credit	408,709	336,472
Letters of credit	4,633	4,641
Commitments to Extend Credit | Residential | Real estate:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused lines of credit	21,526	15,436
Commitments to Extend Credit | Residential | Residential - Home Equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused lines of credit	44,592	43,892
Commitments to Extend Credit | Commercial | Real estate:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused lines of credit	34,905	20,424
Commitments to Extend Credit | Construction | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused lines of credit	111,585	98,777
Commitments to Extend Credit | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused lines of credit	70,170	42,751
Commitments to Extend Credit | Consumer | Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused lines of credit	125,619	114,882
Commitments to Extend Credit | Consumer | Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused lines of credit	$ 312	$ 310

Portfolio Loans Receivable a_10

Portfolio Loans Receivable and Allowance for Credit Losses - Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 29,350	$ 26,216	$ 28,610	$ 27,189
(Release of) provision for mortgage loan put-back reserve	3,417	2,862	6,144	4,522
Ending balance	30,832	27,495	30,832	27,495
Unfunded Lines of Credit
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	948	888	806	1,682
(Release of) provision for mortgage loan put-back reserve	104	0	246	(19)
Ending balance	1,052	888	1,052	888
Unfunded Lines of Credit | Cumulative effect adjustment due to adoption of the CECL standard
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	0	0	0	(775)
Mortgage Loans Sold
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	998	1,179	985	1,174
(Release of) provision for mortgage loan put-back reserve	(86)	3	(73)	8
Ending balance	$ 912	$ 1,182	$ 912	$ 1,182

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Open Forward Delivery Sales Agreements
Derivatives, Fair Value [Line Items]
Notional amount	$ 4,500	$ 0
Fair value of derivatives	21	0
Interest Rate Lock Commitments
Derivatives, Fair Value [Line Items]
Notional amount	3,314	0
Fair value of derivatives	$ 1	$ 0

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) branch location	Dec. 31, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Number of full service branches | branch	4
Number of other locations | location	4
Weighted average discount rate	4.42%	3.79%
Net lease ROU assets	$ 3,920	$ 3,587
Present value of net future lease payments	$ 4,419	$ 3,791
Branch And General Office Usage In Fort Lauderdale, Florida
Lessee, Lease, Description [Line Items]
Term for lease with future commencement date	62 months
Estimated lease liability of lease with future commencement date	$ 200
Minimum
Lessee, Lease, Description [Line Items]
Remaining term of contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining term of contract	9 years

Leases - Assets and Liabilities

Leases - Assets and Liabilities and Lease Payment Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Lease asset	$ 7,278	$ 6,810
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Premises and equipment, net	Premises and equipment, net
Less: Accumulated amortization	$ (3,358)	$ (3,223)
Net lease asset	3,920	3,587
Lease liability	$ 7,691	$ 6,892
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Less: Accumulated amortization	$ (3,272)	$ (3,101)
Net lease liability	4,419	3,791
Amounts due in:
2024	599
2025	1,057
2026	1,024
2027	517
2028	390
2029 and thereafter	1,589
Total future lease payments	5,176
Discount of cash flows	(757)
Present value of net future lease payments	$ 4,419	$ 3,791

Fair Value - Financial Instrume

Fair Value - Financial Instruments Measured at FV on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 207,917	$ 208,329
Loans held for sale	19,219	7,481
U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	133,863	149,228
Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	9,264	9,372
Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	4,502	4,413
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	6,117	7,045
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	54,171	38,271
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	207,917	208,329
Loans held for sale	19,219	7,481
Derivative assets	21	0
Derivative liabilities	1	0
Fair Value, Measurements, Recurring | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	133,863	149,228
Fair Value, Measurements, Recurring | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	9,264	9,372
Fair Value, Measurements, Recurring | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	4,502	4,413
Fair Value, Measurements, Recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	6,117	7,045
Fair Value, Measurements, Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	54,171	38,271
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	133,863	149,228
Loans held for sale	0	0
Derivative assets	0	0
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	133,863	149,228
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	74,054	59,101
Loans held for sale	19,219	7,481
Derivative assets	21	0
Derivative liabilities	1	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	9,264	9,372
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	4,502	4,413
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	6,117	7,045
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	54,171	38,271
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Loans held for sale	0	0
Derivative assets	0	0
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 0	$ 0

Fair Value - Loans Held For Sal

Fair Value - Loans Held For Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for sale	$ 19,219	$ 7,481
Aggregate fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for sale	19,219	7,481
Contractual principal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for sale	15,559	5,168
Difference
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for sale	$ 3,660	$ 2,313

Fair Value - Impaired Loans and

Fair Value - Impaired Loans and Foreclosed Real Estate (Details) - Level 3 - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, discounts to appraisals or cash flows for estimated holding and/or selling costs, percent	0%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, discounts to appraisals or cash flows for estimated holding and/or selling costs, percent	25%
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans for credit loss, net	$ 14,018,000	$ 15,620,000
Foreclosed real estate	0	0
Valuation Technique, Discounted Cash Flow | Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans for credit loss, net	15,100,000	16,000,000
Specific reserves	$ 1,100,000	$ 422,000

Fair Value - Financial Instru_2

Fair Value - Financial Instruments Carrying Amount, FV and Placement (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets
Cash and due from banks	$ 19,294	$ 14,513
Interest-bearing deposits at other financial institutions	117,160	39,044
Federal funds sold	57	407
Carrying Amount | Level 1
Financial assets
Cash and due from banks	19,294	14,513
Interest-bearing deposits at other financial institutions	117,160	39,044
Federal funds sold	57	407
Financial liabilities
Noninterest-bearing deposits	684,574	617,373
Carrying Amount | Level 3
Financial assets
Portfolio loans receivable, net	1,990,756	1,874,678
Restricted investments	4,930	4,353
Financial liabilities
Interest-bearing deposits	1,415,854	1,278,623
FHLB advances and other borrowed funds	44,062	49,062
Fair Value | Level 1
Financial assets
Cash and due from banks	19,294	14,513
Interest-bearing deposits at other financial institutions	117,160	39,044
Federal funds sold	57	407
Financial liabilities
Noninterest-bearing deposits	684,574	617,373
Fair Value | Level 3
Financial assets
Portfolio loans receivable, net	1,961,344	1,855,158
Restricted investments	4,930	4,353
Financial liabilities
Interest-bearing deposits	1,415,888	1,280,682
FHLB advances and other borrowed funds	$ 41,745	$ 46,634

Segments (Details)

Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			4
Interest income	$ 50,615	$ 45,080	$ 98,984	$ 88,496
Interest expense	13,558	9,740	26,919	18,669
Net interest income	37,057	35,340	72,065	69,827
Provision for credit losses	3,417	2,862	6,144	4,522
Provision for (release of) credit losses on unfunded commitments	104	0	246	(19)
Net interest income after provision for credit losses	33,536	32,478	65,675	65,324
Noninterest income	6,890	6,687	12,862	12,713
Noninterest expense	29,493	29,592	58,980	55,814
Income before income taxes	10,933	9,573	19,557	22,223
Total assets	2,438,583	2,227,866	2,438,583	2,227,866	$ 2,226,176
Open Sky
Segment Reporting Information [Line Items]
Data processing expense	6,300	5,900	12,500	11,900
Operating Segments | Commercial Bank
Segment Reporting Information [Line Items]
Interest income	33,935	28,742	66,464	55,042
Interest expense	13,312	9,537	26,466	18,276
Net interest income	20,623	19,205	39,998	36,766
Provision for credit losses	1,118	735	2,227	574
Provision for (release of) credit losses on unfunded commitments	104		246	(19)
Net interest income after provision for credit losses	19,401	18,470	37,525	36,211
Noninterest income	677	810	1,381	1,299
Noninterest expense	12,209	11,675	24,468	23,443
Income before income taxes	7,869	7,605	14,438	14,067
Total assets	2,254,198	2,047,400	2,254,198	2,047,400
Operating Segments | CBHL
Segment Reporting Information [Line Items]
Interest income	132	111	215	188
Interest expense	83	42	124	72
Net interest income	49	69	91	116
Provision for credit losses	0	0	0	0
Provision for (release of) credit losses on unfunded commitments	0		0	0
Net interest income after provision for credit losses	49	69	91	116
Noninterest income	1,845	1,161	3,197	2,488
Noninterest expense	2,500	2,322	4,605	4,658
Income before income taxes	(606)	(1,092)	(1,317)	(2,054)
Total assets	19,622	10,605	19,622	10,605
Operating Segments | Open Sky
Segment Reporting Information [Line Items]
Interest income	15,785	15,168	30,706	31,298
Interest expense	0	0	0	0
Net interest income	15,785	15,168	30,706	31,298
Provision for credit losses	2,299	2,127	3,858	3,948
Provision for (release of) credit losses on unfunded commitments	0		0	0
Net interest income after provision for credit losses	13,486	13,041	26,848	27,350
Noninterest income	4,368	4,714	8,283	8,924
Noninterest expense	13,775	15,118	27,374	26,856
Income before income taxes	4,079	2,637	7,757	9,418
Total assets	115,593	116,123	115,593	116,123
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Interest income	824	1,134	1,723	2,112
Interest expense	224	236	453	465
Net interest income	600	898	1,270	1,647
Provision for credit losses	0	0	59	0
Provision for (release of) credit losses on unfunded commitments	0		0	0
Net interest income after provision for credit losses	600	898	1,211	1,647
Noninterest income	0	2	1	2
Noninterest expense	1,009	477	2,533	857
Income before income taxes	(409)	423	(1,321)	792
Total assets	288,872	260,309	288,872	260,309
Eliminations
Segment Reporting Information [Line Items]
Interest income	(61)	(75)	(124)	(144)
Interest expense	(61)	(75)	(124)	(144)
Net interest income	0	0	0	0
Provision for credit losses	0	0	0	0
Provision for (release of) credit losses on unfunded commitments	0		0	0
Net interest income after provision for credit losses	0	0	0	0
Noninterest income	0	0	0	0
Noninterest expense	0	0	0	0
Income before income taxes	0	0	0	0
Total assets	$ (239,702)	$ (206,571)	$ (239,702)	$ (206,571)

Subsequent Events (Details)

Subsequent Events (Details)	1 Months Ended	6 Months Ended
	Jul. 31, 2024 $ / shares	Jun. 30, 2024 $ / shares
Subsequent Event [Line Items]
Quarterly dividend of common stock declared (in dollar per share)		$ 0.08
Subsequent Event
Subsequent Event [Line Items]
Quarterly dividend of common stock declared (in dollar per share)	$ 0.10
Percentage increase in the quarterly dividend of common stock	0.250

Uncategorized Items - cbnk-2024

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]