First Internet Bancorp (INBK) 10-Q 8 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 03, 2024
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-35750
Entity Registrant Name	First Internet Bancorp
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	20-3489991
Entity Address, Address Line One	8701 East 116th Street
Entity Address, City or Town	Fishers
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46038
City Area Code	317
Local Phone Number	532-7900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,655,854
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Amendment Flag	false
Entity Central Index Key	0001562463
Current Fiscal Year End Date	--12-31
Common Stock
Class of Stock [Line Items]
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	INBK
Security Exchange Name	NASDAQ
6.0% Fixed to Floating Subordinated Notes due 2029
Class of Stock [Line Items]
Title of 12(b) Security	6.0% Fixed to Floating Subordinated Notes due 2029
Trading Symbol	INBKZ
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 6,638	$ 8,269
Interest-bearing deposits	474,626	397,629
Total cash and cash equivalents	481,264	405,898
Total available-for-sale securities	482,431	474,855
Held-to-maturity, debt securities, after allowance for credit loss	235,738	227,153
Loans held-for-sale	22,589	22,052
Loans	3,909,804	3,840,220
Allowance for credit losses - loans	(40,891)	(38,774)
Net loans	3,868,913	3,801,446
Accrued interest receivable	26,809	26,746
Federal Home Loan Bank of Indianapolis stock	28,350	28,350
Cash surrender value of bank-owned life insurance	41,154	40,882
Premises and equipment, net	73,231	73,463
Goodwill	4,687	4,687
Servicing asset, at fair value	11,760	10,567
Other real estate owned	375	375
Accrued income and other assets	63,366	51,098
Total assets	5,340,667	5,167,572
Liabilities and Shareholders’ Equity
Noninterest-bearing deposits	130,760	123,464
Interest-bearing deposits	4,143,008	3,943,509
Total deposits	4,273,768	4,066,973
Advances from Federal Home Loan Bank	574,936	614,934
Subordinated debt, net of unamortized debt issuance costs of $2,085 and $2,162 in 2024 and 2023, respectively	104,915	104,838
Accrued interest payable	3,382	3,848
Accrued expenses and other liabilities	16,927	14,184
Total liabilities	4,973,928	4,804,777
Commitments and Contingencies
Shareholders’ Equity
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none	0	0
Retained earnings	212,121	207,470
Accumulated other comprehensive loss	(30,102)	(29,375)
Total shareholders’ equity	366,739	362,795
Total liabilities and shareholders’ equity	5,340,667	5,167,572
Voting Common Stock
Shareholders’ Equity
Common stock	184,720	184,700
Nonvoting Common Stock
Shareholders’ Equity
Common stock	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Securities available-for-sale, amortized cost	$ 522,965	$ 513,315
Securities held-to-maturity, allowance for credit losses	231	293
Securities held-to-maturity, net, fair value	214,220	207,572
Unamortized debt issuance costs	$ 2,085	$ 2,162
Preferred stock, authorized (in shares)	4,913,779	4,913,779
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Voting Common Stock
Common stock, authorized (in shares)	45,000,000	45,000,000
Common stock, issued (in shares)	8,655,854	8,644,451
Common stock, outstanding (in shares)	8,655,854	8,644,451
Nonvoting Common Stock
Common stock, authorized (in shares)	86,221	86,221
Common stock, issued (in shares)	0	0
Common stock, outstanding (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Loans	$ 55,435	$ 43,843
Securities – taxable	5,694	3,606
Securities – non-taxable	969	798
Other earning assets	6,067	3,786
Total interest income	68,165	52,033
Interest Expense
Deposits	42,129	27,270
Other borrowed funds	5,302	5,189
Total interest expense	47,431	32,459
Net Interest Income	20,734	19,574
Provision for credit losses	2,582	9,373
Benefit for credit losses - debt securities held to maturity	(62)	0
(Benefit) provision for credit losses - off-balance sheet commitments	(72)	42
Net Interest Income After Provision for Credit Losses	18,286	10,159
Noninterest Income
Gain on sale of loans	6,536	4,061
Other	702	370
Total noninterest income	8,347	5,446
Noninterest Expense
Salaries and employee benefits	11,796	11,794
Marketing, advertising and promotion	736	844
Consulting and professional services	853	926
Data processing	564	659
Loan expenses	1,445	1,977
Premises and equipment	2,826	2,777
Deposit insurance premium	1,145	543
Other	1,658	1,434
Total noninterest expense	21,023	20,954
Income (Loss) Before Income Taxes	5,610	(5,349)
Income Tax Provision (Benefit)	429	(2,332)
Net Income (Loss)	$ 5,181	$ (3,017)
Income (Loss) Per Share of Common Stock
Basic (in dollars per share)	$ 0.60	$ (0.33)
Diluted (in dollars per share)	$ 0.59	$ (0.33)
Weighted-Average Number of Common Shares Outstanding
Basic (in shares)	8,679,429	9,024,072
Diluted (in shares)	8,750,297	9,024,072
Dividends Declared Per Share (in dollars per share)	$ 0.06	$ 0.06
Service charges and fees
Noninterest Income
Noninterest income	$ 220	$ 209
Loan servicing revenue
Noninterest Income
Noninterest income	1,323	785
Loan servicing asset revaluation
Noninterest Income
Noninterest income	(434)	(55)
Mortgage banking activities
Noninterest Income
Noninterest income	$ 0	$ 76

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income (loss)	$ 5,181	$ (3,017)
Net unrealized holding (losses) gains recorded within other comprehensive (loss) income before income tax	(2,074)	5,112
Income tax (benefit) provision	(475)	1,170
Amortization of net unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	234	158
Income tax provision	57	46
Net effect on other comprehensive (loss) income	177	112
Net unrealized holding gains (losses) on cash flow hedging derivatives recorded within other comprehensive (loss) income before income tax	902	(2,170)
Income tax provision (benefit)	207	(499)
Net effect on other comprehensive (loss) income	695	(1,671)
Total other comprehensive (loss) income	(727)	2,383
Comprehensive income (loss)	4,454	(634)
Available-For-Sale Securities
Net effect on other comprehensive (loss) income	$ (1,599)	$ 3,942

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	[1]	Common Stock Voting and Nonvoting Common Stock	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	[1]	Accumulated Other Comprehensive Loss
Balance, beginning of period at Dec. 31, 2022	$ 364,974	$ (4,491)		$ 192,935	$ 205,675	$ (4,491)		$ (33,636)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(3,017)				(3,017)
Other comprehensive income (loss)	2,383							2,383
Dividends declared	(544)				(544)
Recognition of the fair value of share-based compensation	372			372
Repurchased shares of common stock	(4,002)			(4,002)
Deferred stock rights and restricted stock units issued in lieu of cash dividends payable on outstanding deferred stock rights and restricted stock units	3			3
Common stock redeemed for the net settlement of share-based awards	(106)			(106)
Balance, end of period at Mar. 31, 2023	355,572			189,202	197,623			(31,253)
Balance, beginning of period at Dec. 31, 2023	362,795			184,700	207,470			(29,375)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	5,181				5,181
Other comprehensive income (loss)	(727)							(727)
Dividends declared	(530)				(530)
Recognition of the fair value of share-based compensation	443			443
Repurchased shares of common stock	(283)			(283)
Deferred stock rights and restricted stock units issued in lieu of cash dividends payable on outstanding deferred stock rights and restricted stock units	2			2
Common stock redeemed for the net settlement of share-based awards	(142)			(142)
Balance, end of period at Mar. 31, 2024	$ 366,739			$ 184,720	$ 212,121			$ (30,102)
[1] Reflects the impact of adopting Accounting Standards Update (“ASU”) 2016-13

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.06	$ 0.06
Repurchased shares of common stock (in shares)	10,500	161,691

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities
Net income (loss)	$ 5,181	$ (3,017)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	1,866	1,058
Increase in cash surrender value of bank-owned life insurance	(272)	(246)
Provision for credit losses	2,448	9,415
Share-based compensation expense	443	372
Loans originated for sale	(80,454)	(91,789)
Proceeds from sale of loans	84,826	98,433
Gain on loans sold	(6,536)	(4,525)
Decrease in fair value of loans held-for-sale	0	136
Gain on derivatives	1,224	536
Loan servicing asset revaluation	434	55
Net change in accrued income and other assets	(4,872)	(2,444)
Net change in accrued expenses and other liabilities	(1,497)	(2,086)
Net cash provided by operating activities	2,791	5,898
Investing Activities
Net loan activity, excluding purchases	(39,598)	(25,111)
Maturities and calls of securities available-for-sale	15,891	9,448
Purchase of securities available-for-sale	(22,689)	(1,411)
Maturities and calls of securities held-to-maturity	6,981	5,129
Purchase of securities held-to-maturity	(15,221)	(26,572)
Purchase of premises and equipment	(940)	(2,704)
Loans purchased	(30,451)	(90,029)
Other investing activities	(7,240)	(1,315)
Net cash used in investing activities	(93,267)	(132,565)
Financing Activities
Net increase in deposits	206,795	178,743
Cash dividends paid	(519)	(548)
Repurchase of common stock	(283)	(4,002)
Proceeds from advances from Federal Home Loan Bank	110,000	110,000
Repayment of advances from Federal Home Loan Bank	(150,000)	(110,000)
Other, net	(151)	(106)
Net cash provided by financing activities	165,842	174,087
Net Increase in Cash and Cash Equivalents	75,366	47,420
Cash and Cash Equivalents, Beginning of Period	405,898	256,552
Cash and Cash Equivalents, End of Period	481,264	303,972
Supplemental Disclosures
Cash paid during the period for interest	47,897	32,782
Cash paid during the period for taxes	86	285
Loans transferred to other real estate owned	0	106
Cash dividends declared, paid in subsequent period	519	537
Securities purchased during the period, settled in subsequent period	$ 3,327	$ 8,344

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information or footnotes necessary for a complete presentation of financial condition, results of operations, changes in shareholders’ equity, or cash flows in accordance with GAAP. In our opinion, all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation have been included. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results expected for the year ending December 31, 2024 or any other period. The March 31, 2024 condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the First Internet Bancorp Annual Report on Form 10-K for the year ended December 31, 2023. The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, or assumptions that could have a material effect on the carrying value of certain assets and liabilities. These estimates, judgments, and assumptions affect the amounts reported in the condensed consolidated financial statements and the disclosures provided. The determination of the allowance for credit losses, income taxes, valuations and impairments of investment securities and goodwill, as well as fair value measurements of derivatives and loans held-for-sale are highly dependent upon management’s estimates, judgments, and assumptions, and changes in any of these could have a significant impact on the condensed consolidated financial statements. The condensed consolidated financial statements include the accounts of First Internet Bancorp (the “Company”), its wholly owned subsidiary, First Internet Bank of Indiana (the “Bank”), and the Bank’s three wholly owned subsidiaries, First Internet Public Finance Corp., JKH Realty Services, LLC and SPF15, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations, and cash flows of the Company.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Earnings (loss) per share of common stock are based on the weighted-average number of basic shares and dilutive shares outstanding during the period. The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings (loss) per share computations for the three months ended March 31, 2024 and 2023. (dollars in thousands, except share and per share data) Three Months Ended March 31, 2024 2023 Basic earnings (loss) per share Net income (loss) $ 5,181 $ (3,017) Weighted-average common shares 8,679,429 9,024,072 Basic earnings (loss) per common share $ 0.60 $ (0.33) Diluted earnings per share Net income (loss) $ 5,181 $ (3,017) Weighted-average common shares 8,679,429 9,024,072 Dilutive effect of equity compensation 70,868 — Weighted-average common and incremental shares 8,750,297 9,024,072 Diluted earnings (loss) per common share 1 $ 0.59 $ (0.33) 1

Securities

Securities	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The following tables summarize securities AFS and securities HTM as of March 31, 2024 and December 31, 2023. March 31, 2024 Amortized Gross Unrealized Fair (in thousands) Cost Gains Losses Value Securities available-for-sale U.S. Government-sponsored agencies $ 93,323 $ 380 $ (1,602) $ 92,101 Municipal securities 69,289 120 (1,994) 67,415 Agency mortgage-backed securities - residential 1 253,181 133 (32,830) 220,484 Agency mortgage-backed securities - commercial 39,367 8 (1,294) 38,081 Private label mortgage-backed securities - residential 23,307 110 (1,151) 22,266 Asset-backed securities 7,417 43 (1) 7,459 Corporate securities 37,081 111 (2,567) 34,625 Total available-for-sale $ 522,965 $ 905 $ (41,439) $ 482,431 March 31, 2024 Amortized Cost Gross Unrealized Fair Value Allowance for Credit Losses Net Carrying Value (in thousands) Gains Losses Securities held-to-maturity Municipal securities $ 13,384 $ — $ (934) $ 12,450 $ (3) $ 13,381 Mortgage-backed securities - residential 178,800 — (16,885) 161,915 — 178,800 Mortgage-backed securities - commercial 5,752 — (1,192) 4,560 — 5,752 Corporate securities 38,033 — (2,738) 35,295 (228) 37,805 Total held-to-maturity $ 235,969 $ — $ (21,749) $ 214,220 $ (231) $ 235,738 1 Includes $0.3 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of March 31, 2024. December 31, 2023 Amortized Gross Unrealized Fair (in thousands) Cost Gains Losses Value Securities available-for-sale U.S. Government-sponsored agencies $ 96,404 $ 402 $ (1,629) $ 95,177 Municipal securities 69,494 356 (1,404) 68,446 Agency mortgage-backed securities - residential 1 237,798 101 (31,250) 206,649 Agency mortgage-backed securities - commercial 40,215 9 (1,339) 38,885 Private label mortgage-backed securities - residential 21,742 144 (1,107) 20,779 Asset-backed securities 8,071 17 (7) 8,081 Corporate securities 39,591 25 (2,778) 36,838 Total available-for-sale $ 513,315 $ 1,054 $ (39,514) $ 474,855 December 31, 2023 Amortized Gross Unrealized Fair Allowance for Credit Losses Net Carrying Value (in thousands) Cost Gains Losses Value Securities held-to-maturity Municipal securities $ 13,892 $ 1 $ (853) $ 13,040 $ (3) $ 13,889 Agency mortgage-backed securities - residential 166,750 4 (14,112) 152,642 — $ 166,750 Agency mortgage-backed securities - commercial 5,767 — (1,246) 4,521 — $ 5,767 Corporate securities 41,037 — (3,668) 37,369 (290) $ 40,747 Total held-to-maturity $ 227,446 $ 5 $ (19,879) $ 207,572 $ (293) $ 227,153 1 Includes $0.4 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of December 31, 2023. Accrued interest receivable on AFS and HTM securities at March 31, 2024 was $2.7 million and $1.1 million, respectively, compared to $2.9 million and $1.2 million, respectively, at December 31, 2023, and is included in accrued interest receivable on the condensed consolidated balance sheet. The Company elected to exclude all accrued interest receivable from securities when estimating credit losses. At both March 31, 2024 and December 31, 2023, over 95% of mortgage-backed securities (including both AFS and HTM) held by the Company are issued by U.S. government-sponsored entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government and have a long history of no credit losses; therefore, the Company did not record an ACL on these securities. Additionally, the Company evaluated credit impairment for individual AFS securities that are in an unrealized loss position and determined that the unrealized losses are unrelated to credit quality and are primarily attributable to changes in interest rates and volatility in the financial markets. As the Company does not intend to sell the AFS securities that are in an unrealized loss position, and it is unlikely that it will be required to sell these securities before recovery of their amortized cost basis, the Company did not record an ACL on these securities. In accordance with the adoption of ASC 326, the Company also evaluated its HTM securities that are in an unrealized loss position and considered issuer bond ratings, historical loss rates for bond ratings and economic forecasts. As a result, the Company recorded in an initial ACL in retained earnings of $0.3 million on January 1, 2023. The Company reevaluated these securities at March 31, 2024 and determined no additional ACL was necessary. The carrying value of securities at March 31, 2024 is shown below by their contractual maturity date. Actual maturities will differ because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Available-for-Sale (in thousands) Amortized Fair Within one year $ 301 $ 300 One to five years 29,713 30,124 Five to ten years 73,206 70,593 After ten years 96,473 93,124 199,693 194,141 Agency mortgage-backed securities - residential 253,181 220,484 Agency mortgage-backed securities - commercial 39,367 38,081 Private label mortgage-backed securities - residential 23,307 22,266 Asset-backed securities 7,417 7,459 Total $ 522,965 $ 482,431 Held-to-Maturity (in thousands) Amortized Fair Within one year $ 1,006 $ 989 One to five years 11,117 10,870 Five to ten years 35,350 32,435 After ten years 3,944 3,451 51,417 47,745 Agency mortgage-backed securities - residential 178,800 161,915 Agency mortgage-backed securities - commercial 5,752 4,560 Total $ 235,969 $ 214,220 There were no gross gains or losses resulting from the sale of available-for-sale securities during the three months ended March 31, 2024 and March 31, 2023, respectively. Certain investments in debt securities are reported in the condensed consolidated financial statements at an amount less than their historical cost. The total fair value of these investments at March 31, 2024 and December 31, 2023 was $587.6 million and $578.9 million, which was approximately 84% and 85%, respectively, of the Company’s AFS and HTM securities portfolios. As of March 31, 2024, the Company’s security portfolio consisted of 530 securities, of which 469 were in an unrealized loss position. As of December 31, 2023, the Company’s security portfolio consisted of 512 securities, of which 434 were in an unrealized loss position. The unrealized losses are related to the categories noted below. U. S. Government-Sponsored Agencies, Municipal Securities and Corporate Securities The unrealized losses on the Company’s investments in securities issued by U.S. Government-sponsored agencies, municipal organizations and corporate entities were caused primarily by interest rate changes. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. The Company does not intend to sell the investments and it is not likely that the Company will be required to sell the investments before recovery of their amortized cost basis, which may be upon maturity. Agency Mortgage-Backed and Private Label Mortgage-Backed Securities The unrealized losses on the Company’s investments in agency mortgage-backed and private label mortgage-backed securities were caused primarily by interest rate changes. The Company expects to recover the amortized cost basis over the terms of the securities. The Company does not intend to sell the investments and it is not likely that the Company will be required to sell the investments before recovery of their amortized cost basis, which may be upon maturity. The following tables show the securities portfolio’s gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2024 and December 31, 2023. March 31, 2024 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Securities available-for-sale U.S. Government-sponsored agencies $ 41,680 $ (174) $ 22,167 $ (1,428) $ 63,847 $ (1,602) Municipal securities 4,438 (217) 44,268 (1,777) 48,706 (1,994) Agency mortgage-backed securities- residential 11,793 (105) 187,884 (32,725) 199,677 (32,830) Agency mortgage-backed securities- commercial 3,076 (13) 13,384 (1,281) 16,460 (1,294) Private label mortgage-backed securities - residential 5,095 (74) 11,623 (1,077) 16,718 (1,151) Asset-backed securities 1,523 (1) — — 1,523 (1) Corporate securities 4,350 (650) 22,122 (1,917) 26,472 (2,567) Total $ 71,955 $ (1,234) $ 301,448 $ (40,205) $ 373,403 $ (41,439) December 31, 2023 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Securities available-for-sale U.S. Government-sponsored agencies $ 41,934 $ (161) $ 24,579 $ (1,468) $ 66,513 $ (1,629) Municipal securities 2,399 (103) 36,193 (1,301) 38,592 (1,404) Agency mortgage-backed securities - residential 1,089 (5) 194,095 (31,245) 195,184 (31,250) Agency mortgage-backed securities - commercial 21,561 (50) 14,217 (1,289) 35,778 (1,339) Private label mortgage-backed securities - residential 3,567 (29) 9,114 (1,078) 12,681 (1,107) Asset-backed securities 1,654 (7) — — 1,654 (7) Corporate securities 1,680 (365) 24,587 (2,413) 26,267 (2,778) Total $ 73,884 $ (720) $ 302,785 $ (38,794) $ 376,669 $ (39,514) The following table summarizes ratings for the Company’s HTM portfolio issued by state and political subdivisions and other securities as of March 31, 2024. Held-to-Maturity (in thousands) State and Municipal Other Total Aa1/AA+ $ 9,411 $ — $ 9,411 Aa2/AA 2,179 — 2,179 A1/A+ 1,794 — 1,794 A3/A- — 9,507 9,507 Baa1/BBB+ — 8,500 8,500 Baa2/BBB — 8,500 8,500 Baa3/BBB- — 9,526 9,526 Ba1/BB+ — 2,000 2,000 Not Rated 1 — 184,552 184,552 Total $ 13,384 $ 222,585 $ 235,969 1 HTM agency mortgage-backed securities - commercial and residential are listed under Other securities as not rated and have the explicit or implicit guarantee of the United States government.

Loans

Loans	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Loans	Loans Loan balances as of March 31, 2024 and December 31, 2023 are summarized in the table below. Categories of loans include: (in thousands) March 31, 2024 December 31, 2023 Commercial loans Commercial and industrial $ 133,897 $ 129,349 Owner-occupied commercial real estate 57,787 57,286 Investor commercial real estate 128,276 132,077 Construction 325,597 261,750 Single tenant lease financing 941,597 936,616 Public finance 498,262 521,764 Healthcare finance 213,332 222,793 Small business lending 239,263 218,506 Franchise finance 543,122 525,783 Total commercial loans 3,081,133 3,005,924 Consumer loans Residential mortgage 390,009 395,648 Home equity 22,753 23,669 Other consumer loans 380,675 377,614 Total consumer loans 793,437 796,931 Total commercial and consumer loans 3,874,570 3,802,855 Net deferred loan origination fees/costs and premiums/discounts on purchased loans and other 1 35,234 37,365 Total loans 3,909,804 3,840,220 Allowance for credit losses (40,891) (38,774) Net loans $ 3,868,913 $ 3,801,446 1 Includes carrying value adjustments of $26.9 million and $27.8 million related to terminated interest rate swaps associated with public finance loans as of March 31, 2024 and December 31, 2023, respectively. Risk characteristics of each loan portfolio segment are as follows: Commercial and Industrial: Commercial and industrial loans’ sources of repayment are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected, and the collateral securing these loans may fluctuate in value. Loans are made for working capital, equipment purchases, or other purposes. Most commercial and industrial loans are secured by the assets being financed and may incorporate a personal guarantee. This portfolio segment is generally concentrated in the Midwest and Southwest regions of the United States. Owner-Occupied Commercial Real Estate: The primary source of repayment is the cash flow from the ongoing operations and activities conducted by the borrower, or an affiliate of the borrower, who owns the property. This portfolio segment is generally concentrated in the Midwest and Southwest regions of the United States and its loans are often secured by manufacturing and service facilities. Investor Commercial Real Estate: These loans are made on a nationwide basis and are underwritten primarily based on the cash flow expected to be generated from the property and are secondarily supported by the value of the real estate. These loans typically incorporate a personal guarantee from the primary sponsor or sponsors. This portfolio segment generally involves larger loan amounts with repayment primarily dependent on the successful leasing and operation of the property securing the loan or the business conducted on the property securing the loan. Investor commercial real estate loans may be more adversely affected by changing economic conditions in the real estate markets, industry dynamics or the overall health of the local economy where the property is located. The properties securing the Company’s investor commercial real estate portfolio tend to be diverse in terms of property type. Management monitors and evaluates commercial real estate loans based on property financial performance, collateral value, guarantor strength, economic and industry conditions together with other risk grade criteria. As a general rule, the Company avoids financing special use projects unless other underwriting factors are present to mitigate these additional risks. Construction: Construction loans are made on a nationwide basis and are secured by land and related improvements and are made to assist in the construction of new structures, which may include commercial (retail, industrial, office, and multi-family) properties, land development for residential properties or single family residential properties offered for sale by the builder. These loans generally finance a variety of project costs, including land, site preparation, architectural services, construction, closing and soft costs and interim financing needs. The cash flows of builders, while initially predictable, may fluctuate with market conditions, and the value of the collateral securing these loans may be subject to fluctuations based on general economic changes. Single Tenant Lease Financing: These loans are made on a nationwide basis to owners of real estate subject to long-term lease arrangements with single tenant operators. The real estate is typically operated by regionally, nationally or globally branded businesses. The loans are underwritten based on the financial strength of the borrower, characteristics of the real estate, cash flows generated from the lease arrangements and the financial strength of the tenant. Similar to the other loan portfolio segments, management monitors and evaluates these loans based on borrower and tenant financial performance, collateral value, industry trends and other risk grade criteria. Public Finance: These loans are made on a nationwide basis to governmental and not-for-profit entities to provide both tax-exempt and taxable loans for a variety of purposes including: short-term cash-flow needs; debt refinancing; economic development; quality of life projects; infrastructure improvements; renewable energy projects; and equipment financing. The primary sources of repayment for public finance loans include pledged revenue sources including but not limited to: general obligations; property taxes; income taxes; tax increment revenue; utility revenue; gaming revenues; sales tax; and pledged general revenue. Certain loans may also include an additional collateral pledge of mortgaged property or a security interest in financed equipment. Healthcare Finance: These loans are made on a nationwide basis to healthcare providers, primarily dentists, for practice acquisition financing or refinancing that occasionally includes owner-occupied commercial real estate and equipment purchases. The sources of repayment are primarily based on the identified cash flows from operations of the borrower and related entities and secondarily on the underlying collateral provided by the borrower. Small Business Lending: These loans are made on a nationwide basis to small businesses and generally carry a partial guaranty from the U.S. Small Business Administration (“SBA”) under its 7(a) loan program. We generally sell the government guaranteed portion of SBA loans into the secondary market while retaining the non-guaranteed portion of the loan and the servicing rights. Loans in the small business lending portfolio have sources of repayment that are primarily based on the identified cash flows of the borrower and secondarily on any underlying collateral provided by the borrower. Loans may, but do not always, have a collateral shortfall. For SBA loans where the guaranteed portion is retained, the SBA guaranty provides a tertiary source of repayment to the Bank in event of borrower default. Cash flows of borrowers, however, may not be as expected and collateral securing these loans may fluctuate in value. Loans are made for a broad array of purposes including, but not limited to, providing operating cash flow, funding ownership changes, and facilitating equipment and commercial real estate purchases. Franchise Finance: These loans are made on a nationwide basis through our partnership with ApplePie Capital, which through their deep relationships with franchise brands provides franchisees with financing options for new franchise units, recapitalization, expansion, equipment and working capital. The sources of repayment are either based on identified cash flows from existing operations of the borrower or pro forma cash flow for new franchise locations. Residential Mortgage: With respect to residential loans that are secured by 1-to-4 family residences and are generally owner occupied, the Company typically establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Repayment of these loans is primarily dependent on the financial circumstances of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Repayment can also be impacted by changes in residential property values. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers in geographically diverse locations throughout the country. Home Equity: Home equity loans and lines of credit are typically secured by a subordinate interest in 1-to-4 family residences. The properties securing the home equity portfolio segment are generally geographically diverse as the Company offers these products on a nationwide basis. Repayment of these loans and lines of credit is primarily dependent on the financial circumstances of the borrowers and may be impacted by changes in unemployment levels and property values on residential properties, among other economic conditions in the market. Other Consumer: These loans primarily consist of consumer loans and credit cards. Consumer loans may be secured by consumer assets such as horse trailers or recreational vehicles. Some consumer loans are unsecured, such as small installment loans, home improvement loans and certain lines of credit. Repayment of consumer loans is primarily dependent upon the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers in geographically diverse locations throughout the country. Allowance for Credit Losses (“ACL”) Methodology The ACL for loans represents management's estimate of all expected credit losses over the expected life of the Company’s existing loan portfolio. Management estimates the ACL balance using relevant available information about the collectability of cash flows, from internal and external sources, including historical information relating to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. When the Company is unable to forecast future economic events, management may revert to historical information. The Company's methodologies incorporate a one-year reasonable and supportable forecast period with a one-year straight line reversion to the long-term historical average. The ACL methodology may also consider other adjustments to address changes in conditions, trends, and circumstances such as local industry changes that could have a significant impact on the risk profile of the loan portfolio and provide for adjustments that may not be reflected and/or captured in the historical loss data. These factors include: lending policies, imprecision in forecasting future economic conditions, loan profile, lending staff, problem loan trends, loan review, collateral, credit concentration, or other internal and external factors. The Company also includes qualitative adjustments to the allowance based on factors and considerations that have not otherwise been fully accounted for. Qualitative adjustments include, but are not limited to: • Changes in lending policies and procedures, including changes in underwriting standards and collections, charge-offs and recovery practices • Changes in international, national, regional and local conditions • Changes in the nature and volume of the portfolio and terms of loans • Changes in the experience, depth and ability of lending management • Changes in the volume and severity of past due loans and other similar conditions • Changes in the quality of the organization’s loan review system • Changes in the value of underlying collateral for collateral dependent loans • The existence and effect of any concentrations of credit and changes in the levels of such concentrations • The effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses The ACL is measured on a collective or pool basis when similar risk characteristics exist. The Company segments its portfolio generally by Federal Financial Institutions Examination Council ("FFIEC") Call Report codes that align with its lines of business. Additional sub-segmentation may be utilized to identify groups of loans with unique risk characteristics relative to the rest of the portfolio. Loans that do not share similar risk characteristics are evaluated on an individual basis. These evaluations are typically performed on loans with a deteriorated internal risk rating. The allowance for credit loss is determined based on several methods, including estimating the fair value of the underlying collateral or the present value of expected cash flows. The Company relies on a third-party platform that offers multiple methodologies to measure historical life-of-loan losses. Modified Loans to Borrowers Experiencing Financial Difficulty The Company may make modifications to certain loans in order to alleviate temporary difficulties in the borrower’s financial condition and/or constraints on the borrower’s ability to repay the loan, and to minimize potential losses to the Company. Modifications may include changes in the amortization terms of the loan, reductions in interest rates, acceptance of interest only payments, and/or reductions to the outstanding loan balance. Such loans are typically placed on nonaccrual status when there is doubt concerning the full repayment of principal and interest or the loan has been delinquent for a period of 90 days or more. These loans may be returned to accrual status when all contractual amounts past due have been brought current, and the borrower’s performance under the modified terms of the loan agreement and the ultimate collectability of all contractual amounts due under the modified terms is no longer in doubt. The Company typically measures the ACL on modified loans to borrowers experiencing financial difficulty on an individual basis when the loans are deemed to no longer share risk characteristics that are similar with other loans in the portfolio. The determination of the ACL for these loans is based on a discounted cash flow approach for both those measured collectively and individually, unless the loan is deemed collateral dependent, which requires measurement of the ACL based on the estimated expected fair value of the underlying collateral, less costs to sell. GAAP requires the Company to make certain disclosures related to these loans, including certain types of modifications, as well as how such loans have performed since their modifications. Provision for Credit Losses A provision for estimated losses on loans is charged to income based upon management’s evaluation of the potential losses. Such an evaluation, which includes a review of all loans for which full repayment may not be reasonably assured, considers, among other matters, the estimated net realizable value of the underlying collateral, as applicable, economic conditions, loan loss experience, and other factors that are particularly susceptible to changes that could result in a material adjustment in the near term. While management attempts to use the best information available in making its evaluations, future allowance adjustments may be necessary if economic conditions change substantially from the assumptions used in making the evaluations. Policy for Charging Off Loans The Company’s policy is to charge off a loan at any point in time when it no longer can be considered a bankable asset, meaning collectible within the parameters of policy. A secured loan is generally charged down to the estimated fair value of the collateral, less costs to sell, no later than when it is 120 days past due as to principal or interest. An unsecured loan generally is charged off no later than when it is 180 days past due as to principal or interest. A home improvement loan generally is charged off no later than when it is 90 days past due as to principal or interest. The following tables present changes in the balance of the ACL during the three months ended March 31, 2024 and 2023. (in thousands) Three Months Ended March 31, 2024 Allowance for credit losses: Balance, Beginning of Period (Credit) Provision Charged to Expense Losses Recoveries Balance, Commercial and industrial $ 2,185 $ (387) $ — $ 2 $ 1,800 Owner-occupied commercial real estate 825 (56) — — 769 Investor commercial real estate 1,311 (513) — — 798 Construction 2,167 775 — — 2,942 Single tenant lease financing 8,129 342 — — 8,471 Public finance 1,372 (36) — — 1,336 Healthcare finance 1,976 (59) — — 1,917 Small business lending 6,532 2,585 (289) 40 8,868 Franchise finance 6,363 (197) — — 6,166 Residential mortgage 2,054 (41) (69) 1 1,945 Home equity 171 (48) — 2 125 Other consumer loans 5,689 217 (175) 23 5,754 Total $ 38,774 $ 2,582 $ (533) $ 68 $ 40,891 (in thousands) Three Months Ended March 31, 2023 Allowance for credit losses: Balance, Beginning of Period Adoption of CECL (Credit) Provision Charged to Expense Losses Recoveries Balance, Commercial and industrial $ 1,711 $ (120) $ 6,810 $ (6,965) $ 1 $ 1,437 Owner-occupied commercial real estate 651 62 (1) — — 712 Investor commercial real estate 1,099 (191) 368 — — 1,276 Construction 2,074 (435) (88) — — 1,551 Single tenant lease financing 10,519 (346) 100 — — 10,273 Public finance 1,753 (135) (48) — — 1,570 Healthcare finance 2,997 1,034 (336) — — 3,695 Small business lending 2,168 334 (105) (60) 3 2,340 Franchise finance 3,988 (313) 997 — — 4,672 Residential mortgage 1,559 406 594 — 2 2,561 Home equity 69 133 51 — 1 254 Other consumer loans 3,149 2,533 1,031 (232) 57 6,538 Total $ 31,737 $ 2,962 $ 9,373 $ (7,257) $ 64 $ 36,879 Accrued interest receivable on loans totaled $20.5 million and $20.9 million at March 31, 2024 and December 31, 2023, respectively, and is excluded from the estimate of credit losses. The Company made the accounting policy election to not measure an ACL for accrued interest receivable. Accrued interest deemed uncollectible will be written off through interest income. In addition to the ACL, the Company established a reserve for off-balance sheet commitments, classified in other liabilities, as required by the adoption of the CECL methodology for measuring credit losses. This reserve is maintained at a level management believes to be sufficient to absorb losses arising from unfunded loan commitments. The day one entry for off-balance sheet commitments resulted in a reserve of $2.5 million. The adequacy of the reserve for unfunded commitments is determined quarterly based on methodology similar to the methodology for determining the ACL. The following tables detail activity in the provision (benefit) for credit losses on off-balance sheet commitments for the three months ended March 31, 2024 and 2023. (in thousands) Balance Provision (Benefit) for credit losses Balance Off-balance sheet commitments Commercial loans Commercial and industrial $ 233 $ (40) $ 193 Owner-occupied commercial real estate 9 (9) — Investor commercial real estate 6 (6) — Construction 2,889 381 3,270 Small business lending 541 (382) 159 Total commercial loans 3,678 (56) 3,622 Consumer loans Residential mortgage 11 (6) 5 Home equity 45 (10) 35 Other consumer 11 — 11 Total consumer loans 67 (16) 51 Total allowance for off-balance sheet commitments $ 3,745 $ (72) $ 3,673 (in thousands) Pre-ASC 326 Adoption Impact of ASC 326 Adoption Provision (Benefit) for credit losses Balance, March 31, 2023 Off-balance sheet commitments Commercial loans Commercial and industrial $ — $ 110 $ 39 $ 149 Owner-occupied commercial real estate — — 8 8 Investor commercial real estate — 9 39 48 Construction — 2,193 (39) 2,154 Healthcare finance — 2 — 2 Total commercial loans — 2,314 47 2,361 Consumer loans Residential mortgage — 127 (14) 113 Home equity — 52 10 62 Other consumer — 11 (1) 10 Total consumer loans — 190 (5) 185 Total allowance for off-balance sheet commitments $ — $ 2,504 $ 42 $ 2,546 The Company utilizes a risk grading matrix to assign a risk grade to each of its commercial loans. A description of the general characteristics of the risk grades is as follows: • “Pass” - Higher quality loans that do not fit any of the other categories described below. • “Special Mention” - Loans that possess some credit deficiency or potential weakness, which deserve close attention. • “Substandard” - Loans that possess a defined weakness or weaknesses that jeopardize the liquidation of the debt. Loans characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. • “Doubtful” - Such loans have been placed on nonaccrual status and may be heavily dependent upon collateral possessing a value that is difficult to determine or based upon some near-term event that lacks clear certainty. These loans have all of the weaknesses of those classified as Substandard; however, based on existing conditions, these weaknesses make full collection of the principal balance highly improbable. • “Loss” - Loans that are considered uncollectible and of such little value that continuing to carry them as assets is not warranted. The Company does not risk grade its consumer loans. It classifies them as either performing or nonperforming. Below is a description of those classifications: • “Performing” - Loans that are accruing and full collection of principal and interest is expected. • “Nonperforming” - Loans that are 90 days delinquent or for which the full collection of principal and interest may be in doubt. The following tables present the credit risk profile of the Company’s commercial and consumer loan portfolios by loan class and by year of origination for the years indicated based on rating category and payment activity as of March 31, 2024 and December 31, 2023. March 31, 2024 Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term (in thousands) 2024 2023 2022 2021 2020 Prior Total Commercial and industrial Pass $ 7,904 $ 26,273 $ 18,942 $ 15,382 $ 2,464 $ 20,586 $ 37,884 $ — $ 129,435 Special Mention — — 4,462 — — — — — 4,462 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total commercial and 7,904 26,273 23,404 15,382 2,464 20,586 37,884 — 133,897 Year-to-date gross charge-offs — — — — — — — — — Owner-occupied commercial real estate Pass 2,275 1,484 10,668 7,882 5,861 16,958 — — 45,128 Special Mention — — 580 913 8,331 1,180 — — 11,004 Substandard — — — — — 1,655 — — 1,655 Doubtful — — — — — — — — — Total owner-occupied 2,275 1,484 11,248 8,795 14,192 19,793 — — 57,787 Year-to-date gross charge-offs — — — — — — — — — Investor commercial real estate Pass — 2,852 35,232 27,142 9,800 53,250 — — 128,276 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total investor commercial real — 2,852 35,232 27,142 9,800 53,250 — — 128,276 Year-to-date gross charge-offs — — — — — — — — — Construction Pass 2,195 63,557 174,215 77,364 2,426 — 5,840 — 325,597 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total construction 2,195 63,557 174,215 77,364 2,426 — 5,840 — 325,597 Year-to-date gross charge-offs — — — — — — — — — Single tenant lease financing Pass 16,533 52,217 222,230 89,441 65,372 479,092 — — 924,885 Special Mention — — 2,604 5,272 1,174 7,662 — — 16,712 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total single tenant lease 16,533 52,217 224,834 94,713 66,546 486,754 — — 941,597 Year-to-date gross charge-offs — — — — — — — — — Public finance Pass 1,272 3,323 17,740 28,790 719 444,298 — — 496,142 Special Mention — — — — — 2,120 — — 2,120 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total public finance 1,272 3,323 17,740 28,790 719 446,418 — — 498,262 Year-to-date gross charge-offs — — — — — — — — — March 31, 2024 Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term (in thousands) 2024 2023 2022 2021 2020 Prior Total Healthcare finance Pass — — — 9,719 119,549 83,354 — — 212,622 Special Mention — — — — — 710 — — 710 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total healthcare finance — — — 9,719 119,549 84,064 — — 213,332 Year-to-date gross charge-offs — — — — — — — — — Small business lending 1 Pass 23,351 118,895 36,277 13,994 12,070 13,420 7,481 — 225,488 Special Mention — 2,422 287 204 383 946 — — 4,242 Substandard — 2,736 3,143 52 1,585 1,551 466 — 9,533 Doubtful — — — — — — — — — Total small business lending 23,351 124,053 39,707 14,250 14,038 15,917 7,947 — 239,263 Year-to-date gross charge-offs — 46 235 8 — — — 289 Franchise finance Pass 25,091 256,701 203,240 56,290 — — — — 541,322 Special Mention — 281 669 — — — — — 950 Substandard — — 555 295 — — — — 850 Doubtful — — — — — — — — — Total franchise finance 25,091 256,982 204,464 56,585 — — — — 543,122 Year-to-date gross charge-offs — — — — — — — — — Consumer loans Residential mortgage Performing — 13,983 193,699 90,365 29,784 59,638 — — 387,469 Nonperforming — — 1,189 448 170 733 — — 2,540 Total residential mortgage — 13,983 194,888 90,813 29,954 60,371 — — 390,009 Year-to-date gross charge-offs — — 13 56 — — — — 69 Home equity Performing — 1,307 1,942 429 454 680 16,180 1,761 22,753 Nonperforming — — — — — — — — — Total home equity — 1,307 1,942 429 454 680 16,180 1,761 22,753 Year-to-date gross charge-offs — — — — — — — — — Other consumer Performing 20,534 112,174 102,027 39,591 25,131 80,260 829 — 380,546 Nonperforming — 69 — 16 4 40 — — 129 Total other consumer 20,534 112,243 102,027 39,607 25,135 80,300 829 — 380,675 Gross charge-offs — 39 64 24 1 47 — — 175 Total Loans $ 99,155 $ 658,274 $ 1,029,701 $ 463,589 $ 285,277 $ 1,268,133 $ 68,680 $ 1,761 $ 3,874,570 Total year-to-date gross charge-offs $ — $ 85 $ 312 $ 80 $ 9 $ 47 $ — $ — $ 533 1 Balance in “Substandard” is partially guaranteed by the U.S. government. December 31, 2023 Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term (in thousands) 2023 2022 2021 2020 2019 Prior Total Commercial and industrial Pass $ 24,329 $ 19,382 $ 15,464 $ 2,502 $ 12,365 $ 8,703 $ 41,967 $ — $ 124,712 Special Mention — 4,637 — — — — — — 4,637 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total commercial and 24,329 24,019 15,464 2,502 12,365 8,703 41,967 — 129,349 Year-to-date gross charge-offs — — 6,914 5 130 — — — 7,049 Owner-occupied commercial real estate Pass 1,492 10,731 7,990 6,591 5,255 12,485 — — 44,544 Special Mention — 584 922 8,392 — 1,189 — — 11,087 Substandard — — — — — 1,655 — — 1,655 Doubtful — — — — — — — — — Total owner-occupied 1,492 11,315 8,912 14,983 5,255 15,329 — — 57,286 Year-to-date gross charge-offs — — — — — — — — — Investor commercial real estate Pass 6,571 35,209 26,841 9,864 47,827 5,765 — — 132,077 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total investor commercial real 6,571 35,209 26,841 9,864 47,827 5,765 — — 132,077 Year-to-date gross charge-offs — — — — — 591 — — 591 Construction Pass 26,539 153,066 70,175 6,121 — — 5,849 — 261,750 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total construction 26,539 153,066 70,175 6,121 — — 5,849 — 261,750 Year-to-date gross charge-offs — — — — — — — — — Single tenant lease financing Pass 52,360 221,964 89,075 65,863 142,023 346,695 — — 917,980 Special Mention — 4,362 6,698 3,032 — 4,544 — — 18,636 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total single tenant lease 52,360 226,326 95,773 68,895 142,023 351,239 — — 936,616 Year-to-date gross charge-offs — — — — — — — — — Public finance Pass 3,805 30,583 29,750 719 43,611 411,176 — — 519,644 Special Mention — — — — — 2,120 — — 2,120 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total public finance 3,805 30,583 29,750 719 43,611 413,296 — — 521,764 Year-to-date gross charge-offs — — — — — — — — — December 31, 2023 Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term (in thousands) 2023 2022 2021 2020 2019 Prior Total Healthcare finance Pass — — 9,955 124,654 63,486 23,484 — — 221,579 Special Mention — — — — 1,214 — — — 1,214 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total healthcare finance — — 9,955 124,654 64,700 23,484 — — 222,793 Year-to-date gross charge-offs — — — — 605 — — — 605 Small business lending 1 Pass 119,149 42,077 15,180 13,948 4,582 9,215 5,388 — 209,539 Special Mention 343 496 — 341 265 698 — — 2,143 Substandard 1,095 1,854 52 1,777 1,155 417 474 — 6,824 Doubtful — — — — — — — — — Total small business lending 120,587 44,427 15,232 16,066 6,002 10,330 5,862 — 218,506 Year-to-date gross charge-offs 67 739 416 1,364 — — — — 2,586 Franchise finance Pass 256,944 210,617 57,919 — — — — — 525,480 Special Mention — — — — — — — — — Substandard — — 303 — — — — — 303 Doubtful — — — — — — — — — Total franchise finance 256,944 210,617 58,222 — — — — — 525,783 Year-to-date gross charge-offs — 331 — — — — — — 331 Consumer loans Residential mortgage Performing 14,942 195,453 91,010 30,092 13,072 48,330 — — 392,899 Nonperforming — 738 456 73 — 1,482 — — 2,749 Total residential mortgage 14,942 196,191 91,466 30,165 13,072 49,812 — — 395,648 Year-to-date gross charge-offs — 53 70 — 17 — — — 140 Home equity Performing 1,369 1,997 436 467 141 585 16,896 1,778 23,669 Nonperforming — — — — — — — — — Total home equity 1,369 1,997 436 467 141 585 16,896 1,778 23,669 Year-to-date gross charge-offs — — — — — — — — — Other consumer Performing 115,736 106,883 41,598 26,527 27,087 58,902 795 — 377,528 Nonperforming — 53 — 5 15 13 — — 86 Total other consumer 115,736 106,936 41,598 26,532 27,102 58,915 795 — 377,614 Year-to-date gross charge-offs 97 115 20 51 56 243 — — 582 Total Loans $ 624,674 $ 1,040,686 $ 463,824 $ 300,968 $ 362,098 $ 937,458 $ 71,369 $ 1,778 $ 3,802,855 Total year-to-date gross charge-offs $ 164 $ 1,238 $ 7,420 $ 1,420 $ 808 $ 834 $ — $ — $ 11,884 1 Balance in “Substandard” is partially guaranteed by the U.S. government. The following tables present the Company’s loan portfolio delinquency analysis as of March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) 30-59 60-89 90 Days Total Current Total Commercial and industrial $ 8 $ — $ — $ 8 $ 133,889 $ 133,897 Owner-occupied commercial real estate — — — — 57,787 57,787 Investor commercial real estate — — — — 128,276 128,276 Construction — — — — 325,597 325,597 Single tenant lease financing — — — — 941,597 941,597 Public finance — — — — 498,262 498,262 Healthcare finance — — — — 213,332 213,332 Small business lending 1 7,674 824 3,032 11,530 227,733 239,263 Franchise finance 3,772 1,168 850 5,790 537,332 543,122 Residential mortgage — 1,345 1,473 2,818 387,191 390,009 Home equity — — — — 22,753 22,753 Other consumer 202 48 48 298 380,377 380,675 Total $ 11,656 $ 3,385 $ 5,403 $ 20,444 $ 3,854,126 $ 3,874,570 1 Balance is partially guaranteed by the U.S. government. December 31, 2023 (in thousands) 30-59 60-89 90 Days Total Current Total Commercial and industrial $ 40 $ 21 $ — $ 61 $ 129,288 $ 129,349 Owner-occupied commercial real estate — — — — 57,286 57,286 Investor commercial real estate — — — — 132,077 132,077 Construction — — — — 261,750 261,750 Single tenant lease financing — — — — 936,616 936,616 Public finance — — — — 521,764 521,764 Healthcare finance — — — — 222,793 222,793 Small business lending 1 2,680 57 2,794 5,531 212,975 218,506 Franchise finance — 2,923 303 3,226 522,557 525,783 Residential mortgage 70 709 1,663 2,442 393,206 395,648 Home equity — — — — 23,669 23,669 Other consumer 223 68 53 344 377,270 377,614 Total $ 3,013 $ 3,778 $ 4,813 $ 11,604 $ 3,791,251 $ 3,802,855 1 Balance is partially guaranteed by the U.S. government. Loans are reclassified to a non-accruing status when, in management’s judgment, the collateral value and financial condition of the borrower do not justify accruing interest. At the time the accrual is discontinued, all unpaid accrued interest is reversed against earnings. Interest income accrued in prior years, if any, is charged to the allowance for credit losses. Payments subsequently received on nonaccrual loans are applied to principal. A loan is returned to accrual status whe

Premises and Equipment

Premises and Equipment	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment The following table summarizes premises and equipment at March 31, 2024 and December 31, 2023. (in thousands) March 31, 2024 December 31, 2023 Land $ 5,598 $ 5,598 Construction in process 1,599 1,119 Right of use leased asset 41 66 Building and improvements 60,854 60,699 Furniture and equipment 21,127 20,836 Less: accumulated depreciation (15,988) (14,855) Total $ 73,231 $ 73,463

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill As of March 31, 2024 and December 31, 2023, the carrying amount of goodwill was $4.7 million. There have been no changes in the carrying amount of goodwill for the three months ended March 31, 2024 or March 31, 2023. Goodwill is assessed for impairment annually as of August 31, or more frequently if events occur or circumstances change that indicate an impairment may exist. When assessing goodwill for impairment, first, a qualitative assessment can be made to determine whether it is more likely than not that the estimated fair value of a reporting unit is less than its estimated carrying value. If the results of the qualitative assessment are not conclusive, a quantitative goodwill test is performed. Alternatively, a quantitative goodwill test can be performed without performing a qualitative assessment. Goodwill was assessed for impairment using a quantitative test performed as of August 31, 2023. The estimated fair value of the reporting unit exceeded the net carrying value, and therefore no goodwill impairment existed as of that date.

Servicing Asset

Servicing Asset	3 Months Ended
	Mar. 31, 2024
Transfers and Servicing [Abstract]
Servicing Asset	Servicing Asset Activity for the servicing asset and the related changes in fair value for the three months ended March 2024 and 2023 are shown in the table below. Three Months Ended (in thousands) March 31, 2024 March 31, 2023 Balance, beginning of period $ 10,567 $ 6,255 Additions: Originated 1,627 1,112 Subtractions Paydowns: (612) (339) Changes in fair value due to changes in valuation inputs or assumptions used in 178 284 Loan servicing asset revaluation $ (434) $ (55) Balance, end of period $ 11,760 $ 7,312 Loans serviced for others are not included in the condensed consolidated balance sheets. The unpaid principal balances of these loans serviced for others as of March 31, 2024 and December 31, 2023 are shown in the table below. (in thousands) March 31, 2024 December 31, 2023 Loan portfolios serviced for: SBA guaranteed loans $ 599,396 $ 531,927 Total $ 599,396 $ 531,927 Loan servicing revenue totaled $1.3 million and $0.8 million for the three months ended March 31, 2024 and March 31, 2023, respectively. Loan servicing asset revaluation, which represents the change in fair value of the servicing asset, resulted in a $0.4 million and $0.1 million downward valuation for the three months ended March 31, 2024 and March 31, 2023, respectively. The fair value of servicing rights is highly sensitive to changes in underlying assumptions. Though fluctuations in prepayment speeds and changes in secondary market premiums generally have the most substantial impact on the fair value of servicing rights, other influencing factors include changing economic conditions, changes to the discount rate assumption and the weighted average life of the servicing portfolio. Measurement of fair value is limited to the conditions existing and the assumptions used as of a particular point in time; however, those assumptions may change over time. Refer to Note 11 - Fair Value of Financial Instruments for further details.

Subordinated Debt

Subordinated Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Subordinated Debt	Subordinated Debt In June 2019, the Company issued $37.0 million aggregate principal amount of 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029 (the “2029 Notes”) in a public offering. The 2029 Notes initially bear a fixed interest rate of 6.0% per year to, but excluding, June 30, 2024, and thereafter a floating rate equal to three-month Term SOFR plus 4.376%. All interest on the 2029 Notes is payable quarterly. The 2029 Notes are scheduled to mature on June 30, 2029. The 2029 Notes are unsecured subordinated obligations of the Company and may be repaid, without penalty, on any interest payment date on or after June 30, 2024. The 2029 Notes are intended to qualify as Tier 2 capital under regulatory guidelines. In October 2020, the Company entered into a term loan in the principal amount of $10.0 million, evidenced by a term note due 2030 (the “2030 Note”). The 2030 Note initially bears a fixed interest rate of 6.0% per year to, but excluding, November 1, 2025 and thereafter at a floating rate equal to the then-current benchmark rate (initially three-month Term SOFR plus 5.795%). The 2030 Note is scheduled to mature on November 1, 2030. The 2030 Note is an unsecured subordinated obligation of the Company and may be repaid, without penalty, on any interest payment date on or after November 1, 2025. The 2030 Note is intended to qualify as Tier 2 capital under regulatory guidelines. The Company used the net proceeds from the issuance of the 2030 Note to redeem a subordinated term note that had been entered into in October 2015. In August 2021, the Company issued $60.0 million aggregate principal amount of 3.75% Fixed-to-Floating Rate Subordinated Notes due 2031 (the “2031 Notes”) in a private placement. The 2031 Notes initially bear a fixed interest rate of 3.75% per year to, but excluding, September 1, 2026, and thereafter a floating rate equal to the then-current benchmark rate (initially three-month Term SOFR plus 3.11%). The 2031 Notes are scheduled to mature on September 1, 2031. The 2031 Notes are unsecured subordinated obligations of the Company and may be repaid, without penalty, on any interest payment date on or after September 1, 2026. The 2031 Notes are intended to qualify as Tier 2 capital under regulatory guidelines. The Company used a portion of the net proceeds from the issuance of the 2031 Notes to redeem subordinated notes issued by the Company in 2016. Pursuant to the terms of a Registration Rights Agreement between the Company and the initial purchasers of the 2031 Notes, the Company offered to exchange the 2031 Notes for subordinated notes that are registered under the Securities Act of 1933, as amended, and have substantially the same terms as the 2031 Notes. On December 30, 2021, we completed an exchange of $59.3 million principal amount of the unregistered 2031 Notes for registered 2031 Notes in satisfaction of our obligations under the registration rights agreement. Holders of $0.7 million of unregistered 2031 Notes did not participate in the exchange. The following table presents the principal balance and unamortized discount and debt issuance costs for the 2029 Notes, the 2030 Note, and the 2031 Notes as of March 31, 2024 and December 31, 2023. March 31, 2024 December 31, 2023 (in thousands) Principal Unamortized Discount and Debt Issuance Costs Principal Unamortized Discount and Debt Issuance Costs 2029 Notes $ 37,000 $ (822) $ 37,000 $ (862) 2030 Notes 10,000 (155) 10,000 (160) 2031 Notes 60,000 (1,108) 60,000 (1,140) Total $ 107,000 $ (2,085) $ 107,000 $ (2,162)

Benefit Plans

Benefit Plans	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Employment Agreements The Company is party to certain employment agreements with each of its Chief Executive Officer, President and Chief Operating Officer and Executive Vice President and Chief Financial Officer. The employment agreements each provide for annual base salaries and annual bonuses, if any, as determined from time to time by the Compensation Committee of our Board of Directors. The annual bonuses are to be determined with reference to the achievement of annual performance objectives established by the Compensation Committee. The agreements also provide that each of the Chief Executive Officer, President and Chief Operating Officer and Executive Vice President and Chief Financial Officer, may be awarded additional compensation, benefits, or consideration as the Compensation Committee may determine. The agreements also provide for the continuation of salary and certain other benefits for a specified period of time upon termination of employment under certain circumstances, including resignation for “good reason,” termination by the Company without “cause” at any time or any termination of employment within twelve months following a “change in control,” along with other specific conditions. 2022 Equity Incentive Plan The First Internet Bancorp 2022 Equity Incentive Plan (the “2022 Plan”) was approved by our Board of Directors and ratified by our shareholders on May 16, 2022. The plan permits awards of incentive and non-statutory stock options, stock appreciation rights, restricted stock awards, stock unit awards, performance awards and other stock-based awards. All employees, consultants and advisors of the Company or any subsidiary, as well as all non-employee directors of the Company, are eligible to receive awards under the 2022 Plan. The 2022 Plan initially authorized the issuance of 400,000 new shares of the Company’s common stock plus all shares of common stock that remained available for future grants under the First Internet Bancorp 2013 Equity Incentive Plan (the “2013 Plan”). Award Activity Under 2022 Plan The Company recorded $0.4 million and $0.1 million o f share-based compensation expense for the three months ended March 31, 2024, and 2023, respectively, related to stock-based awards under the 2022 Plan . The following table summarizes the stock-based award activity under the 2022 Plan for the three months ended March 31, 2024. Restricted Stock Units Weighted-Average Grant Date Fair Value Per Share Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Share Deferred Stock Units Weighted-Average Grant Date Fair Value Per Share Unvested at December 31, 2023 72,354 $ 24.61 30,030 $ 11.18 — $ — Granted 75,222 24.13 — — — — Vested (14,294) 24.52 — — — — Unvested at March 31, 2024 133,282 $ 24.35 30,030 $ 11.18 — $ — At March 31, 2024, the total unrecognized compensation cost related to unvested stock-based awards under the 2022 Plan was $2.8 million with a weighted-average expense recognition period of 2.4 years. 2013 Equity Incentive Plan The 2013 Plan authorized the issuance of 750,000 shares of the Company’s common stock in the form of stock-based awards to employees, directors, and other eligible persons. Although outstanding stock-based awards under the 2013 Plan remain in place according to their terms, our authority to grant new awards under the 2013 Plan terminated upon shareholder approval of the 2022 Plan. Award Activity Under 2013 Plan The Company recorded $0.1 million and $0.4 million of share-based compensation expense for the three months ended March 31, 2024 and 2023, respectively, related to stock-based awards under the 2013 Plan . The following table summarizes the stock-based award activity under the 2013 Plan for the three months ended March 31, 2024. Restricted Stock Units Weighted-Average Grant Date Fair Value Per Share Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Share Deferred Stock Units Weighted-Average Grant Date Fair Value Per Share Unvested at December 31, 2023 53,985 $ 39.86 — $ — — $ — Cancelled/Forfeited (22,685) 30.45 — — — — Vested (8,089) 46.64 — — — — Unvested at March 31, 2024 23,211 $ 46.69 — $ — — $ — At March 31, 2024, the total unrecognized compensation cost related to unvested stock-based awards under the 2013 Plan was $0.3 million with a weighted-average expense recognition period of 0.8 years. Directors Deferred Stock Plan Until January 2014, the Company had a practice of granting awards under a stock compensation plan for members of the Board of Directors (“Directors Deferred Stock Plan”). The Company reserved 180,000 shares of common stock that could have been issued pursuant to the Directors Deferred Stock Plan. The plan provided directors the option to elect to receive up to 100% of their annual retainer in either common stock or deferred stock rights. Deferred stock rights were to be settled in common stock following the end of the deferral period payable on the basis of one share of common stock for each deferred stock right. The following table summarizes the status of deferred stock rights related to the Directors Deferred Stock Plan for the three months ended March 31, 2024. Deferred Stock Rights Outstanding, beginning of period 28,538 Granted 72 Outstanding, end of period 28,610

Commitments and Credit Risk

Commitments and Credit Risk	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Credit Risk	Commitments and Credit Risk

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurement , defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 also specifies a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 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 for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying condensed consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Available-for-Sale Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. The Company did not own any securities classified within Level 1 of the hierarchy as of March 31, 2024 or December 31, 2023. Level 2 securities include U.S. Government-sponsored agencies, municipal securities, mortgage and asset-backed securities and corporate securities. Matrix pricing is a mathematical technique widely used in the banking industry to value investment securities. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. Fair values are calculated using discounted cash flows. Discounted cash flows are calculated based off of the anticipated future cash flows updated to incorporate loss severities. Rating agency and industry research reports as well as default and deferral activity are reviewed and incorporated into the calculation. The Company did not own any securities classified within Level 3 of the hierarchy as of March 31, 2024 or December 31, 2023. Loans Held-for-Sale (mandatory pricing agreements) 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). Servicing Asset Fair value is based on a loan-by-loan basis taking into consideration the origination to maturity dates of the loans, the current age of the loans and the remaining term to maturity. The valuation methodology utilized for the servicing asset begins with generating estimated future cash flows for each servicing asset based on their unique characteristics and market-based assumptions for prepayment speeds and costs to service. The present value of the future cash flows is then calculated utilizing market-based discount rate assumptions (Level 3). Interest Rate Swap Agreements The fair values of interest rate swap agreements are estimated using current market interest rates as of the balance sheet date and calculated using discounted cash flows that are observable or that can be corroborated by observable market data (Level 2). Back-to-Back Swap Agreements The Company offers interest rate swaps to certain loan customers to allow them to hedge the risk of rising interest rates on their variable rate loans. The Company originates a variable rate loan and enters into a variable-to-fixed interest rate contract with the customer. The Company also enters into an offsetting interest rate swap with a correspondent bank. These back-to-back swap agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. The fair value of these derivatives is based on a discounted cash flow approach. The fair value assets and liabilities of centrally cleared interest rate swaps are net of variation margin settled-to-market (Level 2). Interest Rate Lock Commitments The fair values of IRLCs are determined using the projected sale price of individual loans based on changes in market interest rates, projected pull-through rates (the probability that an IRLC will ultimately result in an originated loan), the reduction in the value of the applicant’s option due to the passage of time, and the remaining origination costs to be incurred based on management’s estimate of market costs (Level 3). The following tables present the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) Fair Quoted Prices Significant Significant U.S. Government-sponsored agencies $ 92,101 $ — $ 92,101 $ — Municipal securities 67,415 — 67,415 — Agency mortgage-backed securities - residential 220,484 — 220,484 — Agency mortgage-backed securities - commercial 38,081 — 38,081 — Private label mortgage-backed securities - residential 22,266 — 22,266 — Asset-backed securities 7,459 — 7,459 — Corporate securities 34,625 — 34,625 — Total available-for-sale securities $ 482,431 $ — $ 482,431 $ — Servicing asset 11,760 — — 11,760 Interest rate swap agreements 5,807 — 5,807 — Interest rate swap agreements - assets (back-to-back) 158 — 158 — Interest rate swap agreements - liabilities (back-to-back) (158) — (158) — December 31, 2023 (in thousands) Fair Quoted Prices Significant Significant U.S. Government-sponsored agencies $ 95,177 $ — $ 95,177 $ — Municipal securities 68,446 — 68,446 — Agency mortgage-backed securities - residential 206,649 — 206,649 — Agency mortgage-backed securities - commercial 38,885 — 38,885 — Private label mortgage-backed securities - residential 20,779 — 20,779 — Asset-backed securities 8,081 — 8,081 — Corporate securities 36,838 — 36,838 — Total available-for-sale securities $ 474,855 $ — $ 474,855 $ — Servicing asset 10,567 — — 10,567 Interest rate swap agreements 5,139 — 5,139 — Interest rate swap agreements - assets (back-to-back) 677 — 677 — Interest rate swap agreements - liabilities (back-to-back) (677) — (677) — The following tables reconcile the beginning and ending balances of recurring fair value measurements recognized in the accompanying condensed consolidated balance sheets using significant unobservable (Level 3) inputs for the three months ended March 31, 2024 and 2023. Three Months Ended (in thousands) Servicing Asset Interest Rate Lock Balance as of January 1, 2024 $ 10,567 $ — Total realized gains Additions: Originated 1,627 — Subtractions: Paydowns (612) — Change in fair value 178 — Balance, March 31, 2024 $ 11,760 $ — Balance as of January 1, 2023 $ 6,255 $ 133 Total realized gains Additions: Originated 1,112 — Subtractions: Paydowns (339) — Change in fair value 284 (133) Balance, March 31, 2023 $ 7,312 $ — The following describes the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis, as well as the general classification of such assets pursuant to the valuation hierarchy. Individually Analyzed Collateral Dependent Loans Loans for which it is probable that the Company will not collect all principal and interest due according to contractual terms are measured for impairment. The amount of impairment may be determined based on the fair value of the underlying collateral, less costs to sell, the estimated present value of future cash flows or the loan’s observable market price. If the individually analyzed loan is identified as collateral dependent, the fair value of the underlying collateral, less costs to sell, is used to measure impairment. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. If the individually analyzed loan is not collateral dependent, the Company utilizes a discounted cash flow analysis to measure impairment. Individually analyzed loans with a specific valuation allowance based on the value of the underlying collateral or a discounted cash flow analysis are classified as Level 3 assets. The following table presents the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurement falls at March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) Fair Value Measurements Using Fair Quoted Prices Significant Significant Collateral dependent loans $ 2,724 $ — $ — $ 2,724 December 31, 2023 (in thousands) Fair Value Measurements Using Fair Quoted Prices Significant Significant Collateral dependent loans $ 2,799 $ — $ — $ 2,799 Significant Unobservable (Level 3) Inputs The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. (dollars in thousands) Fair Value at Valuation Significant Unobservable Range Weighted-Average Range Collateral dependent loans $ 2,724 Fair value of collateral Discount for type of property and current market conditions 0%- 90% 26% Servicing asset 11,760 Discounted cash flow Prepayment speeds Discount rate 0% - 25% 15% 11.6% 15% (dollars in thousands) Fair Value at Valuation Significant Unobservable Range Weighted-Average Range Collateral dependent loans $ 2,799 Fair value of collateral Discount for type of property and current market conditions 0% - 90% 28% Servicing asset 10,567 Discounted cash flow Prepayment speeds Discount rate 0% - 25% 15% 11.3% 15% The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying condensed consolidated balance sheets at amounts other than fair value. Cash and Cash Equivalents For these instruments, the carrying amount is a reasonable estimate of fair value. Securities Held-to-Maturity Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid mutual funds. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include agency mortgage-backed securities - residential, municipal securities and corporate securities. Matrix pricing is a mathematical technique widely used in the banking industry to value investment securities. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. Fair values are calculated using discounted cash flows. Discounted cash flows are calculated based off of the anticipated future cash flows updated to incorporate loss severities. Rating agency and industry research reports as well as default and deferral activity are reviewed and incorporated into the calculation. The Company did not own any securities classified within Level 3 of the hierarchy as of March 31, 2024 or December 31, 2023. Loans Held-for-Sale (best efforts pricing agreements) The fair value of these loans approximates carrying value. Loans The fair value of loans is estimated on an exit price basis incorporating discounts for credit, liquidity and marketability factors. Accrued Interest Receivable The fair value of these financial instruments approximates carrying value. Federal Home Loan Bank of Indianapolis Stock The fair value of this financial instrument approximates carrying value. Deposits The fair value of noninterest-bearing and interest-bearing demand deposits, savings and money market accounts approximates carrying value. The fair value of fixed maturity certificates of deposit and brokered deposits are estimated using rates currently offered for deposits of similar remaining maturities. Advances from Federal Home Loan Bank The fair value of fixed rate advances is estimated using rates currently available for advances with similar remaining maturities. The carrying value of variable rate advances approximates fair value. Subordinated Debt The fair value of the Company’s publicly traded subordinated debt is obtained from quoted market prices. The fair value of the Company’s remaining subordinated debt is estimated using discounted cash flow analysis, based on current borrowing rates for similar types of debt instruments. Accrued Interest Payable The fair value of these financial instruments approximates carrying value. Commitments The fair value of commitments to extend credit are based on fees currently charged to enter into similar agreements with similar maturities and interest rates. The Company determined that the fair value of commitments was zero based on the contractual value of outstanding commitments at each of March 31, 2024 and December 31, 2023. The following tables present the carrying value and estimated fair value of all financial assets and liabilities that are not measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) Carrying Fair Value Quoted Prices Significant Significant Cash and cash equivalents $ 481,264 $ 481,264 $ 481,264 $ — $ — Securities held-to-maturity, net 235,738 214,220 — 214,220 — Loans held-for-sale (best efforts pricing agreements) 22,589 22,589 — 22,589 — Net loans 3,868,913 3,685,416 — — 3,685,416 Accrued interest receivable 26,809 26,809 26,809 — — Federal Home Loan Bank of Indianapolis stock 28,350 28,350 — 28,350 — Deposits 4,273,768 4,253,825 1,829,073 — 2,424,752 Advances from Federal Home Loan Bank 574,936 564,384 — 564,384 — Subordinated debt 104,915 104,576 34,514 70,062 — Accrued interest payable 3,382 3,382 3,382 — — December 31, 2023 (in thousands) Carrying Fair Value Quoted Prices Significant Significant Cash and cash equivalents $ 405,898 $ 405,898 $ 405,898 $ — $ — Securities held-to-maturity 227,153 207,572 — 207,572 — Loans held-for-sale (best efforts pricing agreements) 22,052 22,052 — 22,052 — Net loans 3,801,446 3,611,909 — — 3,611,909 Accrued interest receivable 26,746 26,746 26,746 — — Federal Home Loan Bank of Indianapolis stock 28,350 28,350 — 28,350 — Deposits 4,066,973 4,059,447 1,796,123 — 2,263,324 Advances from Federal Home Loan Bank 614,934 605,366 — 605,366 — Subordinated debt 104,838 102,632 32,560 70,072 — Accrued interest payable 3,848 3,848 3,848 — —

Mortgage Banking Activities

Mortgage Banking Activities	3 Months Ended
	Mar. 31, 2024
Mortgage Banking [Abstract]
Mortgage Banking Activities	Mortgage Banking Activities The Bank’s residential real estate lending business originated mortgage loans for customers and typically sold a majority of the originated loans into the secondary market. For most of the mortgages sold in the secondary market, the Bank hedged its mortgage banking pipeline by entering into forward contracts for the future delivery of mortgage loans to third party investors and entering into IRLCs with potential borrowers to fund specific mortgage loans that would be sold into the secondary market. To facilitate the hedging of the loans, the Bank elected the fair value option for loans originated and intended for sale in the secondary market under mandatory pricing agreements. Changes in the fair value of loans held-for-sale, IRLCs and forward contracts are recorded in the mortgage banking activities line item within noninterest income. Refer to Note 13 for further information on derivative financial instruments. During the three months ended March 31, 2024, the Company had no mortgage loans held-for-sale or sold mortgage loans into the secondary market. During the three months ended March 31, 2023, the Company originated $36.3 million of mortgage loans held-for-sale and sold $43.5 million of mortgage loans, respectively, into the secondary market. During the first quarter 2023, the Company made the decision to exit the residential mortgage business. The following table presents the components of income from mortgage banking activities for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, (in thousands) 2024 2023 Gain on loans sold $ — $ 464 Loss resulting from the change in fair value of loans held-for-sale — (136) Loss resulting from the change in fair value of derivatives — (252) Net revenue from mortgage banking activities $ — $ 76 Fluctuations in interest rates and changes in IRLC and loan volume within the mortgage banking pipeline may cause volatility in the fair value of loans held-for-sale and the fair value of derivatives used to hedge the mortgage banking pipeline.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company uses derivative financial instruments to help manage exposure to interest rate risk and the effects that changes in interest rates may have on net income and the fair value of assets and liabilities. The Company enters into interest rate swap agreements as part of its asset/liability management strategy to help manage its interest rate risk position. Additionally, the Company entered into forward contracts for the future delivery of mortgage loans to third-party investors and entered into IRLCs with potential borrowers to fund specific mortgage loans that were sold into the secondary market. The forward contracts were entered into in order to economically hedge the effect of changes in interest rates resulting from the Company’s commitment to fund the loans. The Company had various interest rate swap agreements designated and qualifying as accounting hedges during the reported periods. Designating an interest rate swap as an accounting hedge allows the Company to recognize gains and losses in the condensed consolidated statements of income within the same period that the hedged item affects earnings. The Company includes the gain or loss on the hedged items in the same line item as the offsetting loss or gain on the related interest rate swaps. For derivative instruments that are designated and qualify as cash flow hedges, any gains or losses related to changes in fair value are recorded in accumulated other comprehensive loss, net of tax. The fair value of interest rate swaps with a positive fair value are reported in accrued income and other assets in the condensed consolidated balance sheets, while interest rate swaps with a negative fair value are reported in accrued expenses and other liabilities in the condensed consolidated balance sheets. The Company offers interest rate swaps to certain loan customers to allow them to hedge the risk of rising interest rates on their variable rate loans. The Company originates a variable rate loan and enters into a variable-to-fixed interest rate contract with the customer. The Company also enters into an offsetting interest rate swap with a correspondent bank. These back-to-back swap agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. The fair value of these derivatives is based on a discounted cash flow approach. The fair value assets and liabilities of centrally cleared interest rate swaps are net of variation margin settled-to-market. The IRLCs and forward contracts are not designated as accounting hedges and are recorded at fair value with changes in fair value reflected in noninterest income on the condensed consolidated statements of income. The fair value of derivative instruments with a positive fair value are reported in accrued income and other assets in the condensed consolidated balance sheets, while derivative instruments with a negative fair value are reported in accrued expenses and other liabilities in the condensed consolidated balance sheets. The following table presents amounts that were recorded on the condensed consolidated balance sheets related to cumulative basis adjustments for interest rate swap derivatives designated as fair value accounting hedges as of March 31, 2024 and December 31, 2023. (in thousands) Carrying amount of the hedged asset Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets Line item in the condensed consolidated balance sheets in which the hedged item is included March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Securities available-for-sale 1 $ 69,298 $ 69,504 $ (910) $ (1,143) 1 These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. The designated hedged items were $50.0 million at both March 31, 2024 and December 31, 2023. The following tables present a summary of interest rate swap derivatives designated as fair value accounting hedges of fixed-rate receivables used in the Company’s asset/liability management activities at March 31, 2024 and December 31, 2023, identified by the underlying interest rate-sensitive instruments. (dollars in thousands) March 31, 2024 Notional Value Weighted- Average Remaining Maturity (years) Weighted-Average Ratio Instruments Associated With Fair Value Receive Pay Securities available-for-sale $ 50,000 0.6 $ 919 3-month SOFR 2.33 % Total swap portfolio at March 31, 2024 $ 50,000 0.6 $ 919 3-month SOFR 2.33 % (dollars in thousands) December 31, 2023 Notional Value Weighted- Average Remaining Maturity (years) Weighted-Average Ratio Instruments Associated With Fair Value Receive Pay Securities available-for-sale $ 50,000 0.8 $ 1,153 3-month SOFR 2.33 % Total swap portfolio at December 31, 2023 $ 50,000 0.8 $ 1,153 3-month SOFR 2.33 % In March 2021, the Company terminated the last layer of interest rate swaps associated with available-for-sale agency mortgage-backed securities - residential, which resulted in swap termination payments to counterparties totaling $1.9 million. The corresponding fair value hedging adjustment was allocated pro-rata to the underlying hedged securities and is being amortized over the remaining lives of the designated securities. The Company had amortization expense totaling less than $0.1 million for both the three months ended March 31, 2024 and 2023, was recognized as a reduction to interest income on securities. In June 2020, the Company terminated all fair value hedging relationships associated with loans, which resulted in swap termination payments to counterparties totaling $46.1 million. The corresponding loan fair value hedging adjustment as of the date of termination is being amortized over the remaining lives of the designated loans, which have a weighted average term to maturity of 10.2 years as of March 31, 2024. The Company had amortization expense totaling $0.9 million and $1.0 million for the three months ended March 31, 2024 and 2023, respectively, related to these previously terminated fair value hedges recognized as a reduction to interest income on loans. The following tables present a summary of interest rate swap derivatives designated as cash flow accounting hedges of variable-rate liabilities used in the Company’s asset/liability management activities at March 31, 2024 and December 31, 2023. (dollars in thousands) March 31, 2024 Notional Value Weighted- Average Remaining Maturity (years) Weighted-Average Ratio Cash Flow Hedges Fair Value Receive Pay Interest rate swaps $ 110,000 2.8 $ 4,715 3-month SOFR 2.88 % Interest rate swaps 40,000 0.2 174 Fed Funds Effective 2.78 % (dollars in thousands) December 31, 2023 Notional Value Weighted- Average Remaining Maturity (years) Weighted-Average Ratio Cash Flow Hedges Fair Value Receive Pay Interest rate swaps $ 110,000 3.1 $ 3,596 3-month SOFR 2.88 % Interest rate swaps 40,000 0.4 390 Fed Funds Effective 2.78 % These derivative financial instruments were entered into for the purpose of managing the interest rate risk of certain assets and liabilities. The Company received $6.1 million and $5.2 million of cash collateral from counterparties as security for their obligations related to these swap transactions at March 31, 2024 and December 31, 2023. The Company had no pledged cash collateral as of March 31, 2024 and December 31, 2023 to counterparties on interest rate swap agreements as security for its obligations related to these agreements. Collateral posted and received is dependent on the market valuation of the underlying hedges. The following table presents the notional amount and fair value of interest rate swaps utilized by the Company at March 31, 2024 and December 31, 2023. March 31, 2024 December 31, 2023 (in thousands) Notional Fair Notional Fair Asset Derivatives Derivatives designated as hedging instruments Interest rate swaps associated with securities available-for-sale $ 50,000 $ 919 $ 50,000 $ 1,153 Interest rate swaps associated with liabilities 150,000 4,889 150,000 3,986 Derivatives not designated as hedging instruments Back-to-back swaps $ 6,453 $ 158 $ 1,778 $ 677 Total contracts $ 206,453 $ 5,966 $ 201,778 $ 5,816 Liability Derivatives Derivatives not designated as hedging instruments Back-to-back swaps $ 6,453 $ (158) $ 1,778 $ (677) Total contracts $ 6,453 $ (158) $ 1,778 $ (677) The fair value of interest rate swaps was estimated using a discounted cash flow method that incorporates current market interest rates as of the balance sheet date. Back-to-back swaps consist of two interest-rate swaps (a customer swap and an offsetting counterparty swap). As a result of this offsetting relationship, no net gains or losses are recognized in income. The following table presents the effects of the Company’s cash flow hedge relationships on the condensed consolidated statements of comprehensive income during the three months ended March 31, 2024 and 2023. Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income in The Three Months Ended (in thousands) March 31, 2024 March 31, 2023 Interest rate swap agreements $ 902 $ (2,170) The following table summarizes the periodic changes in the fair value of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three months ended March 31, 2024 and 2023. Amount of Gain / (Loss) Recognized in the Three Months Ended (in thousands) March 31, 2024 March 31, 2023 Liability Derivatives Derivatives not designated as hedging instruments IRLCs $ — $ (133) Forward contracts — (119) The following table presents the effects of the Company’s interest rate swap agreements on the condensed consolidated statements of operations during the three months ended March 31, 2024 and 2023. (in thousands) Line item in the condensed consolidated statements of operations Three Months Ended March 31, 2024 March 31, 2023 Interest income Securities - non-taxable 414 294 Total interest income 414 294 Interest expense Deposits (255) (418) Other borrowed funds (762) (522) Total interest expense (1,017) (940) Net interest income $ 1,431 $ 1,234

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, included in stockholders' equity, for the three months ended March 31, 2024 and 2023, respectively, are presented in the table below. (in thousands) Unrealized Losses On Debt Securities Unrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-Maturity Cash Flow Hedges Total Balance, January 1, 2024 $ (30,174) $ (2,939) $ 3,738 $ (29,375) Other comprehensive (loss) income before reclassifications from accumulated other comprehensive loss before tax (2,074) — 902 (1,172) Reclassifications from accumulated other comprehensive loss to earnings before tax — 234 234 Other comprehensive (loss) gain before tax (2,074) 234 902 (938) Income tax (benefit) provision (475) 57 207 (211) Other comprehensive (loss) income - net of tax (1,599) 177 695 (727) Balance, March 31, 2024 $ (31,773) $ (2,762) $ 4,433 $ (30,102) Balance, January 1, 2023 $ (35,831) $ (3,519) $ 5,714 $ (33,636) Other comprehensive income (loss) before reclassifications from accumulated other comprehensive loss before tax 5,112 — (2,170) 2,942 Reclassifications from accumulated other comprehensive loss to earnings before tax — 158 — 158 Other comprehensive gain (loss) before tax 5,112 158 (2,170) 3,100 Income tax provision (benefit) 1,170 46 (499) 717 Other comprehensive income (loss) - net of tax 3,942 112 (1,671) 2,383 Balance, March 31, 2023 $ (31,889) $ (3,407) $ 4,043 $ (31,253) Details About Accumulated Other Comprehensive Loss Components Amounts Reclassified from Affected Line Item in the Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Reclassifications from accumulated other comprehensive loss to earnings before tax $ (234) (158) Interest income (loss) Total amount reclassified before tax (234) (158) Income (loss) before income taxes Tax benefit (57) (46) Income tax provision (benefit) Total reclassifications from accumulated other comprehensive loss $ (177) $ (112) Net income (loss)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2023-02 - Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (March 2023) In March 2023, the FASB issued ASU No. 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. This ASU permits companies to account for tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. The Company adopted this guidance on January 1, 2024 and it did not have a material impact on its consolidated financial statements. ASU 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segments (November 2023) In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segments. This ASU enhances financial reporting by requiring disclosure of incremental segment information on an annual and interim basis. The guidance is effective for fiscal years beginning after December 15, 2023 and for interim periods within fiscal years beginning after December 15, 2024 with early adoption permitted. The Company is currently evaluating the impact of this ASU on its condensed consolidated financial statements. ASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures (December 2023)

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2023-02 - Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (March 2023) In March 2023, the FASB issued ASU No. 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. This ASU permits companies to account for tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. The Company adopted this guidance on January 1, 2024 and it did not have a material impact on its consolidated financial statements. ASU 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segments (November 2023) In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segments. This ASU enhances financial reporting by requiring disclosure of incremental segment information on an annual and interim basis. The guidance is effective for fiscal years beginning after December 15, 2023 and for interim periods within fiscal years beginning after December 15, 2024 with early adoption permitted. The Company is currently evaluating the impact of this ASU on its condensed consolidated financial statements. ASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures (December 2023)

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The following is a reconciliation of the weighted-average common shares for the basic and diluted earnings (loss) per share computations for the three months ended March 31, 2024 and 2023. (dollars in thousands, except share and per share data) Three Months Ended March 31, 2024 2023 Basic earnings (loss) per share Net income (loss) $ 5,181 $ (3,017) Weighted-average common shares 8,679,429 9,024,072 Basic earnings (loss) per common share $ 0.60 $ (0.33) Diluted earnings per share Net income (loss) $ 5,181 $ (3,017) Weighted-average common shares 8,679,429 9,024,072 Dilutive effect of equity compensation 70,868 — Weighted-average common and incremental shares 8,750,297 9,024,072 Diluted earnings (loss) per common share 1 $ 0.59 $ (0.33) 1

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation	The following tables summarize securities AFS and securities HTM as of March 31, 2024 and December 31, 2023. March 31, 2024 Amortized Gross Unrealized Fair (in thousands) Cost Gains Losses Value Securities available-for-sale U.S. Government-sponsored agencies $ 93,323 $ 380 $ (1,602) $ 92,101 Municipal securities 69,289 120 (1,994) 67,415 Agency mortgage-backed securities - residential 1 253,181 133 (32,830) 220,484 Agency mortgage-backed securities - commercial 39,367 8 (1,294) 38,081 Private label mortgage-backed securities - residential 23,307 110 (1,151) 22,266 Asset-backed securities 7,417 43 (1) 7,459 Corporate securities 37,081 111 (2,567) 34,625 Total available-for-sale $ 522,965 $ 905 $ (41,439) $ 482,431 December 31, 2023 Amortized Gross Unrealized Fair (in thousands) Cost Gains Losses Value Securities available-for-sale U.S. Government-sponsored agencies $ 96,404 $ 402 $ (1,629) $ 95,177 Municipal securities 69,494 356 (1,404) 68,446 Agency mortgage-backed securities - residential 1 237,798 101 (31,250) 206,649 Agency mortgage-backed securities - commercial 40,215 9 (1,339) 38,885 Private label mortgage-backed securities - residential 21,742 144 (1,107) 20,779 Asset-backed securities 8,071 17 (7) 8,081 Corporate securities 39,591 25 (2,778) 36,838 Total available-for-sale $ 513,315 $ 1,054 $ (39,514) $ 474,855
Schedule Of Held-To-Maturity Securities Reconciliation	March 31, 2024 Amortized Cost Gross Unrealized Fair Value Allowance for Credit Losses Net Carrying Value (in thousands) Gains Losses Securities held-to-maturity Municipal securities $ 13,384 $ — $ (934) $ 12,450 $ (3) $ 13,381 Mortgage-backed securities - residential 178,800 — (16,885) 161,915 — 178,800 Mortgage-backed securities - commercial 5,752 — (1,192) 4,560 — 5,752 Corporate securities 38,033 — (2,738) 35,295 (228) 37,805 Total held-to-maturity $ 235,969 $ — $ (21,749) $ 214,220 $ (231) $ 235,738 1 Includes $0.3 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of March 31, 2024. December 31, 2023 Amortized Gross Unrealized Fair Allowance for Credit Losses Net Carrying Value (in thousands) Cost Gains Losses Value Securities held-to-maturity Municipal securities $ 13,892 $ 1 $ (853) $ 13,040 $ (3) $ 13,889 Agency mortgage-backed securities - residential 166,750 4 (14,112) 152,642 — $ 166,750 Agency mortgage-backed securities - commercial 5,767 — (1,246) 4,521 — $ 5,767 Corporate securities 41,037 — (3,668) 37,369 (290) $ 40,747 Total held-to-maturity $ 227,446 $ 5 $ (19,879) $ 207,572 $ (293) $ 227,153 1 Includes $0.4 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of December 31, 2023.
Available-for-sale Securities	The carrying value of securities at March 31, 2024 is shown below by their contractual maturity date. Actual maturities will differ because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Available-for-Sale (in thousands) Amortized Fair Within one year $ 301 $ 300 One to five years 29,713 30,124 Five to ten years 73,206 70,593 After ten years 96,473 93,124 199,693 194,141 Agency mortgage-backed securities - residential 253,181 220,484 Agency mortgage-backed securities - commercial 39,367 38,081 Private label mortgage-backed securities - residential 23,307 22,266 Asset-backed securities 7,417 7,459 Total $ 522,965 $ 482,431
Held-to-maturity Securities	Held-to-Maturity (in thousands) Amortized Fair Within one year $ 1,006 $ 989 One to five years 11,117 10,870 Five to ten years 35,350 32,435 After ten years 3,944 3,451 51,417 47,745 Agency mortgage-backed securities - residential 178,800 161,915 Agency mortgage-backed securities - commercial 5,752 4,560 Total $ 235,969 $ 214,220
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	The following tables show the securities portfolio’s gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2024 and December 31, 2023. March 31, 2024 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Securities available-for-sale U.S. Government-sponsored agencies $ 41,680 $ (174) $ 22,167 $ (1,428) $ 63,847 $ (1,602) Municipal securities 4,438 (217) 44,268 (1,777) 48,706 (1,994) Agency mortgage-backed securities- residential 11,793 (105) 187,884 (32,725) 199,677 (32,830) Agency mortgage-backed securities- commercial 3,076 (13) 13,384 (1,281) 16,460 (1,294) Private label mortgage-backed securities - residential 5,095 (74) 11,623 (1,077) 16,718 (1,151) Asset-backed securities 1,523 (1) — — 1,523 (1) Corporate securities 4,350 (650) 22,122 (1,917) 26,472 (2,567) Total $ 71,955 $ (1,234) $ 301,448 $ (40,205) $ 373,403 $ (41,439) December 31, 2023 Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Securities available-for-sale U.S. Government-sponsored agencies $ 41,934 $ (161) $ 24,579 $ (1,468) $ 66,513 $ (1,629) Municipal securities 2,399 (103) 36,193 (1,301) 38,592 (1,404) Agency mortgage-backed securities - residential 1,089 (5) 194,095 (31,245) 195,184 (31,250) Agency mortgage-backed securities - commercial 21,561 (50) 14,217 (1,289) 35,778 (1,339) Private label mortgage-backed securities - residential 3,567 (29) 9,114 (1,078) 12,681 (1,107) Asset-backed securities 1,654 (7) — — 1,654 (7) Corporate securities 1,680 (365) 24,587 (2,413) 26,267 (2,778) Total $ 73,884 $ (720) $ 302,785 $ (38,794) $ 376,669 $ (39,514) The following table summarizes ratings for the Company’s HTM portfolio issued by state and political subdivisions and other securities as of March 31, 2024. Held-to-Maturity (in thousands) State and Municipal Other Total Aa1/AA+ $ 9,411 $ — $ 9,411 Aa2/AA 2,179 — 2,179 A1/A+ 1,794 — 1,794 A3/A- — 9,507 9,507 Baa1/BBB+ — 8,500 8,500 Baa2/BBB — 8,500 8,500 Baa3/BBB- — 9,526 9,526 Ba1/BB+ — 2,000 2,000 Not Rated 1 — 184,552 184,552 Total $ 13,384 $ 222,585 $ 235,969 1 HTM agency mortgage-backed securities - commercial and residential are listed under Other securities as not rated and have the explicit or implicit guarantee of the United States government.
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive loss, included in stockholders' equity, for the three months ended March 31, 2024 and 2023, respectively, are presented in the table below. (in thousands) Unrealized Losses On Debt Securities Unrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-Maturity Cash Flow Hedges Total Balance, January 1, 2024 $ (30,174) $ (2,939) $ 3,738 $ (29,375) Other comprehensive (loss) income before reclassifications from accumulated other comprehensive loss before tax (2,074) — 902 (1,172) Reclassifications from accumulated other comprehensive loss to earnings before tax — 234 234 Other comprehensive (loss) gain before tax (2,074) 234 902 (938) Income tax (benefit) provision (475) 57 207 (211) Other comprehensive (loss) income - net of tax (1,599) 177 695 (727) Balance, March 31, 2024 $ (31,773) $ (2,762) $ 4,433 $ (30,102) Balance, January 1, 2023 $ (35,831) $ (3,519) $ 5,714 $ (33,636) Other comprehensive income (loss) before reclassifications from accumulated other comprehensive loss before tax 5,112 — (2,170) 2,942 Reclassifications from accumulated other comprehensive loss to earnings before tax — 158 — 158 Other comprehensive gain (loss) before tax 5,112 158 (2,170) 3,100 Income tax provision (benefit) 1,170 46 (499) 717 Other comprehensive income (loss) - net of tax 3,942 112 (1,671) 2,383 Balance, March 31, 2023 $ (31,889) $ (3,407) $ 4,043 $ (31,253) Details About Accumulated Other Comprehensive Loss Components Amounts Reclassified from Affected Line Item in the Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Reclassifications from accumulated other comprehensive loss to earnings before tax $ (234) (158) Interest income (loss) Total amount reclassified before tax (234) (158) Income (loss) before income taxes Tax benefit (57) (46) Income tax provision (benefit) Total reclassifications from accumulated other comprehensive loss $ (177) $ (112) Net income (loss)

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loan balances as of March 31, 2024 and December 31, 2023 are summarized in the table below. Categories of loans include: (in thousands) March 31, 2024 December 31, 2023 Commercial loans Commercial and industrial $ 133,897 $ 129,349 Owner-occupied commercial real estate 57,787 57,286 Investor commercial real estate 128,276 132,077 Construction 325,597 261,750 Single tenant lease financing 941,597 936,616 Public finance 498,262 521,764 Healthcare finance 213,332 222,793 Small business lending 239,263 218,506 Franchise finance 543,122 525,783 Total commercial loans 3,081,133 3,005,924 Consumer loans Residential mortgage 390,009 395,648 Home equity 22,753 23,669 Other consumer loans 380,675 377,614 Total consumer loans 793,437 796,931 Total commercial and consumer loans 3,874,570 3,802,855 Net deferred loan origination fees/costs and premiums/discounts on purchased loans and other 1 35,234 37,365 Total loans 3,909,804 3,840,220 Allowance for credit losses (40,891) (38,774) Net loans $ 3,868,913 $ 3,801,446 1
Allowance for Credit Losses on Financing Receivables	The following tables present changes in the balance of the ACL during the three months ended March 31, 2024 and 2023. (in thousands) Three Months Ended March 31, 2024 Allowance for credit losses: Balance, Beginning of Period (Credit) Provision Charged to Expense Losses Recoveries Balance, Commercial and industrial $ 2,185 $ (387) $ — $ 2 $ 1,800 Owner-occupied commercial real estate 825 (56) — — 769 Investor commercial real estate 1,311 (513) — — 798 Construction 2,167 775 — — 2,942 Single tenant lease financing 8,129 342 — — 8,471 Public finance 1,372 (36) — — 1,336 Healthcare finance 1,976 (59) — — 1,917 Small business lending 6,532 2,585 (289) 40 8,868 Franchise finance 6,363 (197) — — 6,166 Residential mortgage 2,054 (41) (69) 1 1,945 Home equity 171 (48) — 2 125 Other consumer loans 5,689 217 (175) 23 5,754 Total $ 38,774 $ 2,582 $ (533) $ 68 $ 40,891 (in thousands) Three Months Ended March 31, 2023 Allowance for credit losses: Balance, Beginning of Period Adoption of CECL (Credit) Provision Charged to Expense Losses Recoveries Balance, Commercial and industrial $ 1,711 $ (120) $ 6,810 $ (6,965) $ 1 $ 1,437 Owner-occupied commercial real estate 651 62 (1) — — 712 Investor commercial real estate 1,099 (191) 368 — — 1,276 Construction 2,074 (435) (88) — — 1,551 Single tenant lease financing 10,519 (346) 100 — — 10,273 Public finance 1,753 (135) (48) — — 1,570 Healthcare finance 2,997 1,034 (336) — — 3,695 Small business lending 2,168 334 (105) (60) 3 2,340 Franchise finance 3,988 (313) 997 — — 4,672 Residential mortgage 1,559 406 594 — 2 2,561 Home equity 69 133 51 — 1 254 Other consumer loans 3,149 2,533 1,031 (232) 57 6,538 Total $ 31,737 $ 2,962 $ 9,373 $ (7,257) $ 64 $ 36,879 The following tables present the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses as of March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) Commercial Real Estate Residential Real Estate Other Total Allowance on Collateral Dependent Loans Commercial and industrial $ — $ — $ — $ — $ — Owner-occupied commercial real estate — — 1,654 1,654 — Small business lending 1 1,284 — 4,527 5,811 2,671 Residential mortgage — 2,309 — 2,309 — Other consumer loans — — 129 129 — Total loans $ 1,284 $ 2,309 $ 6,310 $ 9,903 $ 2,671 1 Balance is partially guaranteed by the U.S. government. December 31, 2023 (in thousands) Commercial Real Estate Residential Real Estate Other Total Allowance on Collateral Dependent Loans Commercial and industrial $ — $ — $ — $ — $ — Owner-occupied commercial real estate — — 1,654 1,654 — Small business lending 1 2,875 1,210 2,226 6,311 2,391 Residential mortgage — 1,911 — 1,911 — Other consumer loans — — 86 86 — Total loans $ 2,875 $ 3,121 $ 3,966 $ 9,962 $ 2,391 1 Balance is partially guaranteed by the U.S. government.
Financing Receivables, Provision For Credit Losses On Off-Balance Sheet Commitments	The following tables detail activity in the provision (benefit) for credit losses on off-balance sheet commitments for the three months ended March 31, 2024 and 2023. (in thousands) Balance Provision (Benefit) for credit losses Balance Off-balance sheet commitments Commercial loans Commercial and industrial $ 233 $ (40) $ 193 Owner-occupied commercial real estate 9 (9) — Investor commercial real estate 6 (6) — Construction 2,889 381 3,270 Small business lending 541 (382) 159 Total commercial loans 3,678 (56) 3,622 Consumer loans Residential mortgage 11 (6) 5 Home equity 45 (10) 35 Other consumer 11 — 11 Total consumer loans 67 (16) 51 Total allowance for off-balance sheet commitments $ 3,745 $ (72) $ 3,673
Allowance For Credit Losses On Financing Receivables Portfolio Segment	(in thousands) Pre-ASC 326 Adoption Impact of ASC 326 Adoption Provision (Benefit) for credit losses Balance, March 31, 2023 Off-balance sheet commitments Commercial loans Commercial and industrial $ — $ 110 $ 39 $ 149 Owner-occupied commercial real estate — — 8 8 Investor commercial real estate — 9 39 48 Construction — 2,193 (39) 2,154 Healthcare finance — 2 — 2 Total commercial loans — 2,314 47 2,361 Consumer loans Residential mortgage — 127 (14) 113 Home equity — 52 10 62 Other consumer — 11 (1) 10 Total consumer loans — 190 (5) 185 Total allowance for off-balance sheet commitments $ — $ 2,504 $ 42 $ 2,546
Financing Receivable Credit Quality Indicators	The following tables present the credit risk profile of the Company’s commercial and consumer loan portfolios by loan class and by year of origination for the years indicated based on rating category and payment activity as of March 31, 2024 and December 31, 2023. March 31, 2024 Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term (in thousands) 2024 2023 2022 2021 2020 Prior Total Commercial and industrial Pass $ 7,904 $ 26,273 $ 18,942 $ 15,382 $ 2,464 $ 20,586 $ 37,884 $ — $ 129,435 Special Mention — — 4,462 — — — — — 4,462 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total commercial and 7,904 26,273 23,404 15,382 2,464 20,586 37,884 — 133,897 Year-to-date gross charge-offs — — — — — — — — — Owner-occupied commercial real estate Pass 2,275 1,484 10,668 7,882 5,861 16,958 — — 45,128 Special Mention — — 580 913 8,331 1,180 — — 11,004 Substandard — — — — — 1,655 — — 1,655 Doubtful — — — — — — — — — Total owner-occupied 2,275 1,484 11,248 8,795 14,192 19,793 — — 57,787 Year-to-date gross charge-offs — — — — — — — — — Investor commercial real estate Pass — 2,852 35,232 27,142 9,800 53,250 — — 128,276 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total investor commercial real — 2,852 35,232 27,142 9,800 53,250 — — 128,276 Year-to-date gross charge-offs — — — — — — — — — Construction Pass 2,195 63,557 174,215 77,364 2,426 — 5,840 — 325,597 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total construction 2,195 63,557 174,215 77,364 2,426 — 5,840 — 325,597 Year-to-date gross charge-offs — — — — — — — — — Single tenant lease financing Pass 16,533 52,217 222,230 89,441 65,372 479,092 — — 924,885 Special Mention — — 2,604 5,272 1,174 7,662 — — 16,712 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total single tenant lease 16,533 52,217 224,834 94,713 66,546 486,754 — — 941,597 Year-to-date gross charge-offs — — — — — — — — — Public finance Pass 1,272 3,323 17,740 28,790 719 444,298 — — 496,142 Special Mention — — — — — 2,120 — — 2,120 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total public finance 1,272 3,323 17,740 28,790 719 446,418 — — 498,262 Year-to-date gross charge-offs — — — — — — — — — March 31, 2024 Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term (in thousands) 2024 2023 2022 2021 2020 Prior Total Healthcare finance Pass — — — 9,719 119,549 83,354 — — 212,622 Special Mention — — — — — 710 — — 710 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total healthcare finance — — — 9,719 119,549 84,064 — — 213,332 Year-to-date gross charge-offs — — — — — — — — — Small business lending 1 Pass 23,351 118,895 36,277 13,994 12,070 13,420 7,481 — 225,488 Special Mention — 2,422 287 204 383 946 — — 4,242 Substandard — 2,736 3,143 52 1,585 1,551 466 — 9,533 Doubtful — — — — — — — — — Total small business lending 23,351 124,053 39,707 14,250 14,038 15,917 7,947 — 239,263 Year-to-date gross charge-offs — 46 235 8 — — — 289 Franchise finance Pass 25,091 256,701 203,240 56,290 — — — — 541,322 Special Mention — 281 669 — — — — — 950 Substandard — — 555 295 — — — — 850 Doubtful — — — — — — — — — Total franchise finance 25,091 256,982 204,464 56,585 — — — — 543,122 Year-to-date gross charge-offs — — — — — — — — — Consumer loans Residential mortgage Performing — 13,983 193,699 90,365 29,784 59,638 — — 387,469 Nonperforming — — 1,189 448 170 733 — — 2,540 Total residential mortgage — 13,983 194,888 90,813 29,954 60,371 — — 390,009 Year-to-date gross charge-offs — — 13 56 — — — — 69 Home equity Performing — 1,307 1,942 429 454 680 16,180 1,761 22,753 Nonperforming — — — — — — — — — Total home equity — 1,307 1,942 429 454 680 16,180 1,761 22,753 Year-to-date gross charge-offs — — — — — — — — — Other consumer Performing 20,534 112,174 102,027 39,591 25,131 80,260 829 — 380,546 Nonperforming — 69 — 16 4 40 — — 129 Total other consumer 20,534 112,243 102,027 39,607 25,135 80,300 829 — 380,675 Gross charge-offs — 39 64 24 1 47 — — 175 Total Loans $ 99,155 $ 658,274 $ 1,029,701 $ 463,589 $ 285,277 $ 1,268,133 $ 68,680 $ 1,761 $ 3,874,570 Total year-to-date gross charge-offs $ — $ 85 $ 312 $ 80 $ 9 $ 47 $ — $ — $ 533 1 Balance in “Substandard” is partially guaranteed by the U.S. government. December 31, 2023 Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term (in thousands) 2023 2022 2021 2020 2019 Prior Total Commercial and industrial Pass $ 24,329 $ 19,382 $ 15,464 $ 2,502 $ 12,365 $ 8,703 $ 41,967 $ — $ 124,712 Special Mention — 4,637 — — — — — — 4,637 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total commercial and 24,329 24,019 15,464 2,502 12,365 8,703 41,967 — 129,349 Year-to-date gross charge-offs — — 6,914 5 130 — — — 7,049 Owner-occupied commercial real estate Pass 1,492 10,731 7,990 6,591 5,255 12,485 — — 44,544 Special Mention — 584 922 8,392 — 1,189 — — 11,087 Substandard — — — — — 1,655 — — 1,655 Doubtful — — — — — — — — — Total owner-occupied 1,492 11,315 8,912 14,983 5,255 15,329 — — 57,286 Year-to-date gross charge-offs — — — — — — — — — Investor commercial real estate Pass 6,571 35,209 26,841 9,864 47,827 5,765 — — 132,077 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total investor commercial real 6,571 35,209 26,841 9,864 47,827 5,765 — — 132,077 Year-to-date gross charge-offs — — — — — 591 — — 591 Construction Pass 26,539 153,066 70,175 6,121 — — 5,849 — 261,750 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total construction 26,539 153,066 70,175 6,121 — — 5,849 — 261,750 Year-to-date gross charge-offs — — — — — — — — — Single tenant lease financing Pass 52,360 221,964 89,075 65,863 142,023 346,695 — — 917,980 Special Mention — 4,362 6,698 3,032 — 4,544 — — 18,636 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total single tenant lease 52,360 226,326 95,773 68,895 142,023 351,239 — — 936,616 Year-to-date gross charge-offs — — — — — — — — — Public finance Pass 3,805 30,583 29,750 719 43,611 411,176 — — 519,644 Special Mention — — — — — 2,120 — — 2,120 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total public finance 3,805 30,583 29,750 719 43,611 413,296 — — 521,764 Year-to-date gross charge-offs — — — — — — — — — December 31, 2023 Term Loans (amortized cost basis by origination year) Revolving loans amortized cost basis Revolving loans converted to term (in thousands) 2023 2022 2021 2020 2019 Prior Total Healthcare finance Pass — — 9,955 124,654 63,486 23,484 — — 221,579 Special Mention — — — — 1,214 — — — 1,214 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total healthcare finance — — 9,955 124,654 64,700 23,484 — — 222,793 Year-to-date gross charge-offs — — — — 605 — — — 605 Small business lending 1 Pass 119,149 42,077 15,180 13,948 4,582 9,215 5,388 — 209,539 Special Mention 343 496 — 341 265 698 — — 2,143 Substandard 1,095 1,854 52 1,777 1,155 417 474 — 6,824 Doubtful — — — — — — — — — Total small business lending 120,587 44,427 15,232 16,066 6,002 10,330 5,862 — 218,506 Year-to-date gross charge-offs 67 739 416 1,364 — — — — 2,586 Franchise finance Pass 256,944 210,617 57,919 — — — — — 525,480 Special Mention — — — — — — — — — Substandard — — 303 — — — — — 303 Doubtful — — — — — — — — — Total franchise finance 256,944 210,617 58,222 — — — — — 525,783 Year-to-date gross charge-offs — 331 — — — — — — 331 Consumer loans Residential mortgage Performing 14,942 195,453 91,010 30,092 13,072 48,330 — — 392,899 Nonperforming — 738 456 73 — 1,482 — — 2,749 Total residential mortgage 14,942 196,191 91,466 30,165 13,072 49,812 — — 395,648 Year-to-date gross charge-offs — 53 70 — 17 — — — 140 Home equity Performing 1,369 1,997 436 467 141 585 16,896 1,778 23,669 Nonperforming — — — — — — — — — Total home equity 1,369 1,997 436 467 141 585 16,896 1,778 23,669 Year-to-date gross charge-offs — — — — — — — — — Other consumer Performing 115,736 106,883 41,598 26,527 27,087 58,902 795 — 377,528 Nonperforming — 53 — 5 15 13 — — 86 Total other consumer 115,736 106,936 41,598 26,532 27,102 58,915 795 — 377,614 Year-to-date gross charge-offs 97 115 20 51 56 243 — — 582 Total Loans $ 624,674 $ 1,040,686 $ 463,824 $ 300,968 $ 362,098 $ 937,458 $ 71,369 $ 1,778 $ 3,802,855 Total year-to-date gross charge-offs $ 164 $ 1,238 $ 7,420 $ 1,420 $ 808 $ 834 $ — $ — $ 11,884 1 Balance in “Substandard” is partially guaranteed by the U.S. government.
Past Due Financing Receivables	The following tables present the Company’s loan portfolio delinquency analysis as of March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) 30-59 60-89 90 Days Total Current Total Commercial and industrial $ 8 $ — $ — $ 8 $ 133,889 $ 133,897 Owner-occupied commercial real estate — — — — 57,787 57,787 Investor commercial real estate — — — — 128,276 128,276 Construction — — — — 325,597 325,597 Single tenant lease financing — — — — 941,597 941,597 Public finance — — — — 498,262 498,262 Healthcare finance — — — — 213,332 213,332 Small business lending 1 7,674 824 3,032 11,530 227,733 239,263 Franchise finance 3,772 1,168 850 5,790 537,332 543,122 Residential mortgage — 1,345 1,473 2,818 387,191 390,009 Home equity — — — — 22,753 22,753 Other consumer 202 48 48 298 380,377 380,675 Total $ 11,656 $ 3,385 $ 5,403 $ 20,444 $ 3,854,126 $ 3,874,570 1 Balance is partially guaranteed by the U.S. government. December 31, 2023 (in thousands) 30-59 60-89 90 Days Total Current Total Commercial and industrial $ 40 $ 21 $ — $ 61 $ 129,288 $ 129,349 Owner-occupied commercial real estate — — — — 57,286 57,286 Investor commercial real estate — — — — 132,077 132,077 Construction — — — — 261,750 261,750 Single tenant lease financing — — — — 936,616 936,616 Public finance — — — — 521,764 521,764 Healthcare finance — — — — 222,793 222,793 Small business lending 1 2,680 57 2,794 5,531 212,975 218,506 Franchise finance — 2,923 303 3,226 522,557 525,783 Residential mortgage 70 709 1,663 2,442 393,206 395,648 Home equity — — — — 23,669 23,669 Other consumer 223 68 53 344 377,270 377,614 Total $ 3,013 $ 3,778 $ 4,813 $ 11,604 $ 3,791,251 $ 3,802,855 1 Balance is partially guaranteed by the U.S. government. The following table summarizes the Company’s nonaccrual loans and loans past due 90 days or more and still accruing by loan class for the periods indicated: March 31, 2024 December 31, 2023 (in thousands) Nonaccrual Loans Nonaccrual Loans with no Allowance for Credit Losses Total Loans Nonaccrual Loans Nonaccrual Loans with no Allowance for Credit Losses Total Loans Commercial and industrial $ — $ — $ — $ — $ — $ — Small business lending 1 9,532 654 — 6,824 904 — Franchise finance 295 — 555 303 — — Residential mortgage 2,309 2,309 230 1,911 1,911 838 Other consumer 129 129 — 86 86 — Total loans $ 12,265 $ 3,092 $ 785 $ 9,124 $ 2,901 $ 838 1 Balance is partially guaranteed by the U.S. government.

Premises and Equipment (Tables)

Premises and Equipment (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following table summarizes premises and equipment at March 31, 2024 and December 31, 2023. (in thousands) March 31, 2024 December 31, 2023 Land $ 5,598 $ 5,598 Construction in process 1,599 1,119 Right of use leased asset 41 66 Building and improvements 60,854 60,699 Furniture and equipment 21,127 20,836 Less: accumulated depreciation (15,988) (14,855) Total $ 73,231 $ 73,463

Servicing Asset (Tables)

Servicing Asset (Tables)	3 Months Ended
	Mar. 31, 2024
Transfers and Servicing [Abstract]
Schedule of Servicing Assets at Fair Value	Activity for the servicing asset and the related changes in fair value for the three months ended March 2024 and 2023 are shown in the table below. Three Months Ended (in thousands) March 31, 2024 March 31, 2023 Balance, beginning of period $ 10,567 $ 6,255 Additions: Originated 1,627 1,112 Subtractions Paydowns: (612) (339) Changes in fair value due to changes in valuation inputs or assumptions used in 178 284 Loan servicing asset revaluation $ (434) $ (55) Balance, end of period $ 11,760 $ 7,312
Schedule Of Unpaid Principal Balances Of Loans Serviced For Others	The unpaid principal balances of these loans serviced for others as of March 31, 2024 and December 31, 2023 are shown in the table below. (in thousands) March 31, 2024 December 31, 2023 Loan portfolios serviced for: SBA guaranteed loans $ 599,396 $ 531,927 Total $ 599,396 $ 531,927

Subordinated Debt (Tables)

Subordinated Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Subordinated Borrowing	March 31, 2024 December 31, 2023 (in thousands) Principal Unamortized Discount and Debt Issuance Costs Principal Unamortized Discount and Debt Issuance Costs 2029 Notes $ 37,000 $ (822) $ 37,000 $ (862) 2030 Notes 10,000 (155) 10,000 (160) 2031 Notes 60,000 (1,108) 60,000 (1,140) Total $ 107,000 $ (2,085) $ 107,000 $ (2,162)

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Nonvested Restricted Stock Shares Activity	The following table summarizes the stock-based award activity under the 2022 Plan for the three months ended March 31, 2024. Restricted Stock Units Weighted-Average Grant Date Fair Value Per Share Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Share Deferred Stock Units Weighted-Average Grant Date Fair Value Per Share Unvested at December 31, 2023 72,354 $ 24.61 30,030 $ 11.18 — $ — Granted 75,222 24.13 — — — — Vested (14,294) 24.52 — — — — Unvested at March 31, 2024 133,282 $ 24.35 30,030 $ 11.18 — $ — The following table summarizes the stock-based award activity under the 2013 Plan for the three months ended March 31, 2024. Restricted Stock Units Weighted-Average Grant Date Fair Value Per Share Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Share Deferred Stock Units Weighted-Average Grant Date Fair Value Per Share Unvested at December 31, 2023 53,985 $ 39.86 — $ — — $ — Cancelled/Forfeited (22,685) 30.45 — — — — Vested (8,089) 46.64 — — — — Unvested at March 31, 2024 23,211 $ 46.69 — $ — — $ —
Schedule Of Deferred Stock Option Plan	The following table summarizes the status of deferred stock rights related to the Directors Deferred Stock Plan for the three months ended March 31, 2024. Deferred Stock Rights Outstanding, beginning of period 28,538 Granted 72 Outstanding, end of period 28,610

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following tables present the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) Fair Quoted Prices Significant Significant U.S. Government-sponsored agencies $ 92,101 $ — $ 92,101 $ — Municipal securities 67,415 — 67,415 — Agency mortgage-backed securities - residential 220,484 — 220,484 — Agency mortgage-backed securities - commercial 38,081 — 38,081 — Private label mortgage-backed securities - residential 22,266 — 22,266 — Asset-backed securities 7,459 — 7,459 — Corporate securities 34,625 — 34,625 — Total available-for-sale securities $ 482,431 $ — $ 482,431 $ — Servicing asset 11,760 — — 11,760 Interest rate swap agreements 5,807 — 5,807 — Interest rate swap agreements - assets (back-to-back) 158 — 158 — Interest rate swap agreements - liabilities (back-to-back) (158) — (158) — December 31, 2023 (in thousands) Fair Quoted Prices Significant Significant U.S. Government-sponsored agencies $ 95,177 $ — $ 95,177 $ — Municipal securities 68,446 — 68,446 — Agency mortgage-backed securities - residential 206,649 — 206,649 — Agency mortgage-backed securities - commercial 38,885 — 38,885 — Private label mortgage-backed securities - residential 20,779 — 20,779 — Asset-backed securities 8,081 — 8,081 — Corporate securities 36,838 — 36,838 — Total available-for-sale securities $ 474,855 $ — $ 474,855 $ — Servicing asset 10,567 — — 10,567 Interest rate swap agreements 5,139 — 5,139 — Interest rate swap agreements - assets (back-to-back) 677 — 677 — Interest rate swap agreements - liabilities (back-to-back) (677) — (677) —
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables reconcile the beginning and ending balances of recurring fair value measurements recognized in the accompanying condensed consolidated balance sheets using significant unobservable (Level 3) inputs for the three months ended March 31, 2024 and 2023. Three Months Ended (in thousands) Servicing Asset Interest Rate Lock Balance as of January 1, 2024 $ 10,567 $ — Total realized gains Additions: Originated 1,627 — Subtractions: Paydowns (612) — Change in fair value 178 — Balance, March 31, 2024 $ 11,760 $ — Balance as of January 1, 2023 $ 6,255 $ 133 Total realized gains Additions: Originated 1,112 — Subtractions: Paydowns (339) — Change in fair value 284 (133) Balance, March 31, 2023 $ 7,312 $ —
Schedule Of Impaired Loans, Including Valuation Allowance, Fair Value, Unobservable Inputs Reconciliation	The following table presents the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurement falls at March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) Fair Value Measurements Using Fair Quoted Prices Significant Significant Collateral dependent loans $ 2,724 $ — $ — $ 2,724 December 31, 2023 (in thousands) Fair Value Measurements Using Fair Quoted Prices Significant Significant Collateral dependent loans $ 2,799 $ — $ — $ 2,799
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques	The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. (dollars in thousands) Fair Value at Valuation Significant Unobservable Range Weighted-Average Range Collateral dependent loans $ 2,724 Fair value of collateral Discount for type of property and current market conditions 0%- 90% 26% Servicing asset 11,760 Discounted cash flow Prepayment speeds Discount rate 0% - 25% 15% 11.6% 15% (dollars in thousands) Fair Value at Valuation Significant Unobservable Range Weighted-Average Range Collateral dependent loans $ 2,799 Fair value of collateral Discount for type of property and current market conditions 0% - 90% 28% Servicing asset 10,567 Discounted cash flow Prepayment speeds Discount rate 0% - 25% 15% 11.3% 15%
Fair Value, by Balance Sheet Grouping	The following tables present the carrying value and estimated fair value of all financial assets and liabilities that are not measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. March 31, 2024 (in thousands) Carrying Fair Value Quoted Prices Significant Significant Cash and cash equivalents $ 481,264 $ 481,264 $ 481,264 $ — $ — Securities held-to-maturity, net 235,738 214,220 — 214,220 — Loans held-for-sale (best efforts pricing agreements) 22,589 22,589 — 22,589 — Net loans 3,868,913 3,685,416 — — 3,685,416 Accrued interest receivable 26,809 26,809 26,809 — — Federal Home Loan Bank of Indianapolis stock 28,350 28,350 — 28,350 — Deposits 4,273,768 4,253,825 1,829,073 — 2,424,752 Advances from Federal Home Loan Bank 574,936 564,384 — 564,384 — Subordinated debt 104,915 104,576 34,514 70,062 — Accrued interest payable 3,382 3,382 3,382 — — December 31, 2023 (in thousands) Carrying Fair Value Quoted Prices Significant Significant Cash and cash equivalents $ 405,898 $ 405,898 $ 405,898 $ — $ — Securities held-to-maturity 227,153 207,572 — 207,572 — Loans held-for-sale (best efforts pricing agreements) 22,052 22,052 — 22,052 — Net loans 3,801,446 3,611,909 — — 3,611,909 Accrued interest receivable 26,746 26,746 26,746 — — Federal Home Loan Bank of Indianapolis stock 28,350 28,350 — 28,350 — Deposits 4,066,973 4,059,447 1,796,123 — 2,263,324 Advances from Federal Home Loan Bank 614,934 605,366 — 605,366 — Subordinated debt 104,838 102,632 32,560 70,072 — Accrued interest payable 3,848 3,848 3,848 — —

Mortgage Banking Activities (Ta

Mortgage Banking Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Mortgage Banking [Abstract]
Schedule of Participating Mortgage Loans	The following table presents the components of income from mortgage banking activities for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, (in thousands) 2024 2023 Gain on loans sold $ — $ 464 Loss resulting from the change in fair value of loans held-for-sale — (136) Loss resulting from the change in fair value of derivatives — (252) Net revenue from mortgage banking activities $ — $ 76

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivative Instruments, Cumulative Basis Adjustments	The following table presents amounts that were recorded on the condensed consolidated balance sheets related to cumulative basis adjustments for interest rate swap derivatives designated as fair value accounting hedges as of March 31, 2024 and December 31, 2023. (in thousands) Carrying amount of the hedged asset Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets Line item in the condensed consolidated balance sheets in which the hedged item is included March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Securities available-for-sale 1 $ 69,298 $ 69,504 $ (910) $ (1,143) 1 These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. The designated hedged items were $50.0 million at both March 31, 2024 and December 31, 2023.
Schedule Of Derivative Instruments Of Fixed Rate Receivables	The following tables present a summary of interest rate swap derivatives designated as fair value accounting hedges of fixed-rate receivables used in the Company’s asset/liability management activities at March 31, 2024 and December 31, 2023, identified by the underlying interest rate-sensitive instruments. (dollars in thousands) March 31, 2024 Notional Value Weighted- Average Remaining Maturity (years) Weighted-Average Ratio Instruments Associated With Fair Value Receive Pay Securities available-for-sale $ 50,000 0.6 $ 919 3-month SOFR 2.33 % Total swap portfolio at March 31, 2024 $ 50,000 0.6 $ 919 3-month SOFR 2.33 % (dollars in thousands) December 31, 2023 Notional Value Weighted- Average Remaining Maturity (years) Weighted-Average Ratio Instruments Associated With Fair Value Receive Pay Securities available-for-sale $ 50,000 0.8 $ 1,153 3-month SOFR 2.33 % Total swap portfolio at December 31, 2023 $ 50,000 0.8 $ 1,153 3-month SOFR 2.33 %
Schedule Of Derivative Instruments Of Variable Rate Liabilities	The following tables present a summary of interest rate swap derivatives designated as cash flow accounting hedges of variable-rate liabilities used in the Company’s asset/liability management activities at March 31, 2024 and December 31, 2023. (dollars in thousands) March 31, 2024 Notional Value Weighted- Average Remaining Maturity (years) Weighted-Average Ratio Cash Flow Hedges Fair Value Receive Pay Interest rate swaps $ 110,000 2.8 $ 4,715 3-month SOFR 2.88 % Interest rate swaps 40,000 0.2 174 Fed Funds Effective 2.78 % (dollars in thousands) December 31, 2023 Notional Value Weighted- Average Remaining Maturity (years) Weighted-Average Ratio Cash Flow Hedges Fair Value Receive Pay Interest rate swaps $ 110,000 3.1 $ 3,596 3-month SOFR 2.88 % Interest rate swaps 40,000 0.4 390 Fed Funds Effective 2.78 %
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table presents the notional amount and fair value of interest rate swaps utilized by the Company at March 31, 2024 and December 31, 2023. March 31, 2024 December 31, 2023 (in thousands) Notional Fair Notional Fair Asset Derivatives Derivatives designated as hedging instruments Interest rate swaps associated with securities available-for-sale $ 50,000 $ 919 $ 50,000 $ 1,153 Interest rate swaps associated with liabilities 150,000 4,889 150,000 3,986 Derivatives not designated as hedging instruments Back-to-back swaps $ 6,453 $ 158 $ 1,778 $ 677 Total contracts $ 206,453 $ 5,966 $ 201,778 $ 5,816 Liability Derivatives Derivatives not designated as hedging instruments Back-to-back swaps $ 6,453 $ (158) $ 1,778 $ (677) Total contracts $ 6,453 $ (158) $ 1,778 $ (677)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table presents the effects of the Company’s cash flow hedge relationships on the condensed consolidated statements of comprehensive income during the three months ended March 31, 2024 and 2023. Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income in The Three Months Ended (in thousands) March 31, 2024 March 31, 2023 Interest rate swap agreements $ 902 $ (2,170)
Schedule of Derivative Instruments in Statements of Income Fair Value	The following table summarizes the periodic changes in the fair value of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three months ended March 31, 2024 and 2023. Amount of Gain / (Loss) Recognized in the Three Months Ended (in thousands) March 31, 2024 March 31, 2023 Liability Derivatives Derivatives not designated as hedging instruments IRLCs $ — $ (133) Forward contracts — (119)
Schedule Of Effects Of Interest Rate Swap Agreements On Statements Of Income	The following table presents the effects of the Company’s interest rate swap agreements on the condensed consolidated statements of operations during the three months ended March 31, 2024 and 2023. (in thousands) Line item in the condensed consolidated statements of operations Three Months Ended March 31, 2024 March 31, 2023 Interest income Securities - non-taxable 414 294 Total interest income 414 294 Interest expense Deposits (255) (418) Other borrowed funds (762) (522) Total interest expense (1,017) (940) Net interest income $ 1,431 $ 1,234

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive loss, included in stockholders' equity, for the three months ended March 31, 2024 and 2023, respectively, are presented in the table below. (in thousands) Unrealized Losses On Debt Securities Unrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-Maturity Cash Flow Hedges Total Balance, January 1, 2024 $ (30,174) $ (2,939) $ 3,738 $ (29,375) Other comprehensive (loss) income before reclassifications from accumulated other comprehensive loss before tax (2,074) — 902 (1,172) Reclassifications from accumulated other comprehensive loss to earnings before tax — 234 234 Other comprehensive (loss) gain before tax (2,074) 234 902 (938) Income tax (benefit) provision (475) 57 207 (211) Other comprehensive (loss) income - net of tax (1,599) 177 695 (727) Balance, March 31, 2024 $ (31,773) $ (2,762) $ 4,433 $ (30,102) Balance, January 1, 2023 $ (35,831) $ (3,519) $ 5,714 $ (33,636) Other comprehensive income (loss) before reclassifications from accumulated other comprehensive loss before tax 5,112 — (2,170) 2,942 Reclassifications from accumulated other comprehensive loss to earnings before tax — 158 — 158 Other comprehensive gain (loss) before tax 5,112 158 (2,170) 3,100 Income tax provision (benefit) 1,170 46 (499) 717 Other comprehensive income (loss) - net of tax 3,942 112 (1,671) 2,383 Balance, March 31, 2023 $ (31,889) $ (3,407) $ 4,043 $ (31,253) Details About Accumulated Other Comprehensive Loss Components Amounts Reclassified from Affected Line Item in the Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Reclassifications from accumulated other comprehensive loss to earnings before tax $ (234) (158) Interest income (loss) Total amount reclassified before tax (234) (158) Income (loss) before income taxes Tax benefit (57) (46) Income tax provision (benefit) Total reclassifications from accumulated other comprehensive loss $ (177) $ (112) Net income (loss)

Basis of Presentation (Details)

Basis of Presentation (Details)	Mar. 31, 2024 subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of wholly-owned subsidiaries	3

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic earnings (loss) per share
Net income (loss)	$ 5,181	$ (3,017)
Weighted-average common shares (in shares)	8,679,429	9,024,072
Basic earnings (loss) per common share ( in dollars per share)	$ 0.60	$ (0.33)
Diluted earnings per share
Net income (loss)	$ 5,181	$ (3,017)
Weighted-average common shares (in shares)	8,679,429	9,024,072
Dilutive effect of equity compensation (in shares)	70,868	0
Weighted-average common and incremental shares (in shares)	8,750,297	9,024,072
Diluted earnings (loss) per common share (in dollars per share)	$ 0.59	$ (0.33)

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale Securities [Abstract]
Amortized cost	$ 522,965	$ 513,315
Gross Unrealized Gains	905	1,054
Gross Unrealized Losses	(41,439)	(39,514)
Fair Value	482,431	474,855
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Held-to-maturity securities, amortized cost	235,969	227,446
Held-to-maturity securities, Gross Unrealized Gains	0	5
Held-to-maturity securities, Gross Unrealized Losses	(21,749)	(19,879)
Securities held-to-maturity, net, fair value	214,220	207,572
Held-to-maturity, debt securities, allowance for credit loss	(231)	(293)
Held-to-maturity, debt securities, after allowance for credit loss	235,738	227,153
Derivative, terminated, premium		400
Significant Other Observable Inputs (Level 2)
Available-for-sale Securities [Abstract]
Fair Value	482,431	474,855
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Securities held-to-maturity, net, fair value	214,220	207,572
U.S. Government-sponsored agencies
Available-for-sale Securities [Abstract]
Amortized cost	93,323	96,404
Gross Unrealized Gains	380	402
Gross Unrealized Losses	(1,602)	(1,629)
Fair Value	92,101	95,177
U.S. Government-sponsored agencies | Significant Other Observable Inputs (Level 2)
Available-for-sale Securities [Abstract]
Fair Value	92,101	95,177
Municipal securities
Available-for-sale Securities [Abstract]
Amortized cost	69,289	69,494
Gross Unrealized Gains	120	356
Gross Unrealized Losses	(1,994)	(1,404)
Fair Value	67,415	68,446
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Held-to-maturity securities, amortized cost	13,384	13,892
Held-to-maturity securities, Gross Unrealized Gains	0	1
Held-to-maturity securities, Gross Unrealized Losses	(934)	(853)
Securities held-to-maturity, net, fair value	12,450	13,040
Held-to-maturity, debt securities, allowance for credit loss	(3)	(3)
Held-to-maturity, debt securities, after allowance for credit loss	13,381	13,889
Municipal securities | Significant Other Observable Inputs (Level 2)
Available-for-sale Securities [Abstract]
Fair Value	67,415	68,446
Agency mortgage-backed securities - residential
Available-for-sale Securities [Abstract]
Amortized cost	253,181	237,798
Gross Unrealized Gains	133	101
Gross Unrealized Losses	(32,830)	(31,250)
Fair Value	220,484	206,649
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Held-to-maturity securities, amortized cost	178,800	166,750
Held-to-maturity securities, Gross Unrealized Gains		4
Held-to-maturity securities, Gross Unrealized Losses		(14,112)
Securities held-to-maturity, net, fair value	161,915	152,642
Held-to-maturity, debt securities, allowance for credit loss		0
Held-to-maturity, debt securities, after allowance for credit loss		166,750
Derivative, terminated, premium	300
Agency mortgage-backed securities - residential | Significant Other Observable Inputs (Level 2)
Available-for-sale Securities [Abstract]
Fair Value		206,649
Agency mortgage-backed securities - commercial
Available-for-sale Securities [Abstract]
Amortized cost	39,367	40,215
Gross Unrealized Gains	8	9
Gross Unrealized Losses	(1,294)	(1,339)
Fair Value	38,081	38,885
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Held-to-maturity securities, amortized cost	5,752	5,767
Held-to-maturity securities, Gross Unrealized Gains	0	0
Held-to-maturity securities, Gross Unrealized Losses	(1,192)	(1,246)
Securities held-to-maturity, net, fair value	4,560	4,521
Held-to-maturity, debt securities, allowance for credit loss	0	0
Held-to-maturity, debt securities, after allowance for credit loss	5,752	5,767
Agency mortgage-backed securities - commercial | Significant Other Observable Inputs (Level 2)
Available-for-sale Securities [Abstract]
Fair Value	38,081	38,885
Private label mortgage-backed securities - residential
Available-for-sale Securities [Abstract]
Amortized cost	23,307	21,742
Gross Unrealized Gains	110	144
Gross Unrealized Losses	(1,151)	(1,107)
Fair Value	22,266	20,779
Asset-backed securities
Available-for-sale Securities [Abstract]
Amortized cost	7,417	8,071
Gross Unrealized Gains	43	17
Gross Unrealized Losses	(1)	(7)
Fair Value	7,459	8,081
Asset-backed securities | Significant Other Observable Inputs (Level 2)
Available-for-sale Securities [Abstract]
Fair Value	7,459	8,081
Corporate securities
Available-for-sale Securities [Abstract]
Amortized cost	37,081	39,591
Gross Unrealized Gains	111	25
Gross Unrealized Losses	(2,567)	(2,778)
Fair Value	34,625	36,838
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Held-to-maturity securities, amortized cost	38,033	41,037
Held-to-maturity securities, Gross Unrealized Gains	0	0
Held-to-maturity securities, Gross Unrealized Losses	(2,738)	(3,668)
Securities held-to-maturity, net, fair value	35,295	37,369
Held-to-maturity, debt securities, allowance for credit loss	(228)	(290)
Held-to-maturity, debt securities, after allowance for credit loss	37,805	40,747
Corporate securities | Significant Other Observable Inputs (Level 2)
Available-for-sale Securities [Abstract]
Fair Value	34,625	$ 36,838
Mortgage-backed securities - residential
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Held-to-maturity securities, amortized cost	178,800
Held-to-maturity securities, Gross Unrealized Gains	0
Held-to-maturity securities, Gross Unrealized Losses	(16,885)
Securities held-to-maturity, net, fair value	161,915
Held-to-maturity, debt securities, allowance for credit loss	0
Held-to-maturity, debt securities, after allowance for credit loss	$ 178,800

Securities (Details Textual)

Securities (Details Textual)	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Debt Securities, Available-for-Sale [Line Items]
Held-to-maturity, debt securities, allowance for credit loss	$ 231,000	$ 293,000
Available-for-sale securities, gross realized gain (loss)	0
Continuous unrealized loss position, fair value	$ 587,600,000	$ 578,900,000
Continuous unrealized loss position, fair value (as a percent)	84%	85%
Number of securities in portfolio | security	530	512
Securities in unrealized loss position | security	469	434
Accrued interest, available for sale	$ 2,700,000	$ 2,900,000
Accrued interest, held to maturity	$ 1,100,000	$ 1,200,000
Mortgage-backed securities
Debt Securities, Available-for-Sale [Line Items]
Percentage of investments issued by U.S. government-sponsored entities and agencies	95%	95%
Cumulative Effect, Period of Adoption, Adjustment
Debt Securities, Available-for-Sale [Line Items]
Held-to-maturity, debt securities, allowance for credit loss		$ 300,000

Securities - Carrying Value (De

Securities - Carrying Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Amortized Cost
Within one year	$ 301
One to five years	29,713
Five to ten years	73,206
After ten years	96,473
Amortized Cost	199,693
Amortized cost	522,965	$ 513,315
Held-to-maturity securities, within one year	1,006
Held-to-maturity securities, One to five years	11,117
Held-to-maturity securities, Five to ten years	35,350
Held-to-maturity securities, After ten years	3,944
Held-to-maturity securities, Amortized Cost			$ 51,417
Held-to-maturity securities, amortized cost	235,969	227,446
Fair Value
Within one year	300
One to five years	30,124
Five to ten years	70,593
After ten years	93,124
Fair Value	194,141
Fair Value	482,431	474,855
Held-to-maturity securities, within one year	989
Held-to-maturity securities, One to five years	10,870
Held-to-maturity securities, Five to ten years	32,435
Held-to-maturity securities, After ten years	3,451
Held-to-maturity securities, Fair Value			$ 47,745
Securities held-to-maturity, net, fair value	214,220	207,572
Agency mortgage-backed securities - residential
Amortized Cost
Amortized cost	253,181	237,798
Held-to-maturity securities, amortized cost	178,800	166,750
Fair Value
Fair Value	220,484	206,649
Securities held-to-maturity, net, fair value	161,915	152,642
Private label mortgage-backed securities - residential
Amortized Cost
Amortized cost	23,307	21,742
Fair Value
Fair Value	22,266	20,779
Asset-backed securities
Amortized Cost
Amortized cost	7,417	8,071
Fair Value
Fair Value	$ 7,459	$ 8,081

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses and Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Less Than 12 Months, Fair Value	$ 71,955	$ 73,884
Less Than 12 Months, Unrealized Losses	(1,234)	(720)
12 Months or Longer, Fair Value	301,448	302,785
12 Months or Longer, Unrealized Losses	(40,205)	(38,794)
Total, Fair Value	373,403	376,669
Total, Unrealized Losses	(41,439)	(39,514)
U.S. Government-sponsored agencies
Less Than 12 Months, Fair Value	41,680	41,934
Less Than 12 Months, Unrealized Losses	(174)	(161)
12 Months or Longer, Fair Value	22,167	24,579
12 Months or Longer, Unrealized Losses	(1,428)	(1,468)
Total, Fair Value	63,847	66,513
Total, Unrealized Losses	(1,602)	(1,629)
Municipal securities
Less Than 12 Months, Fair Value	4,438	2,399
Less Than 12 Months, Unrealized Losses	(217)	(103)
12 Months or Longer, Fair Value	44,268	36,193
12 Months or Longer, Unrealized Losses	(1,777)	(1,301)
Total, Fair Value	48,706	38,592
Total, Unrealized Losses	(1,994)	(1,404)
Private label mortgage-backed securities - residential
Less Than 12 Months, Fair Value	5,095	3,567
Less Than 12 Months, Unrealized Losses	(74)	(29)
12 Months or Longer, Fair Value	11,623	9,114
12 Months or Longer, Unrealized Losses	(1,077)	(1,078)
Total, Fair Value	16,718	12,681
Total, Unrealized Losses	(1,151)	(1,107)
Asset-backed securities
Less Than 12 Months, Fair Value	1,523	1,654
Less Than 12 Months, Unrealized Losses	(1)	(7)
12 Months or Longer, Fair Value	0	0
12 Months or Longer, Unrealized Losses	0	0
Total, Fair Value	1,523	1,654
Total, Unrealized Losses	(1)	(7)
Corporate securities
Less Than 12 Months, Fair Value	4,350	1,680
Less Than 12 Months, Unrealized Losses	(650)	(365)
12 Months or Longer, Fair Value	22,122	24,587
12 Months or Longer, Unrealized Losses	(1,917)	(2,413)
Total, Fair Value	26,472	26,267
Total, Unrealized Losses	(2,567)	(2,778)
Mortgage-backed securities - residential
Less Than 12 Months, Fair Value	11,793	1,089
Less Than 12 Months, Unrealized Losses	(105)	(5)
12 Months or Longer, Fair Value	187,884	194,095
12 Months or Longer, Unrealized Losses	(32,725)	(31,245)
Total, Fair Value	199,677	195,184
Total, Unrealized Losses	(32,830)	(31,250)
Agency mortgage-backed securities - commercial
Less Than 12 Months, Fair Value	3,076	21,561
Less Than 12 Months, Unrealized Losses	(13)	(50)
12 Months or Longer, Fair Value	13,384	14,217
12 Months or Longer, Unrealized Losses	(1,281)	(1,289)
Total, Fair Value	16,460	35,778
Total, Unrealized Losses	$ (1,294)	$ (1,339)

Securities - HTM Portfolio Cred

Securities - HTM Portfolio Credit Rating (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	$ 235,969	$ 227,446
Standard & Poor's, AA+ Rating | Moody's, Aa1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	9,411
Standard & Poor's, AA Rating | Moody's, Aa2 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	2,179
Standard & Poor's, A+ Rating | Moody's, A1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	1,794
Standard & Poor's, A- Rating | Moody's, A3 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	9,507
Standard & Poor's, BBB+ Rating | Moody's, Baa1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	8,500
Standard & Poor's, BBB Rating | Moody's, Baa2 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	8,500
Standard & Poor's, BBB- Rating | Moody's, Baa3 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	9,526
Standard & Poor's, BB+ Rating | Moody's, Ba1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	2,000
Standard & Poor's Not Rated | Moody's, Not Rated Agency
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	184,552
Municipal securities
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	13,384	$ 13,892
Municipal securities | Standard & Poor's, AA+ Rating | Moody's, Aa1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	9,411
Municipal securities | Standard & Poor's, AA Rating | Moody's, Aa2 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	2,179
Municipal securities | Standard & Poor's, A+ Rating | Moody's, A1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	1,794
Municipal securities | Standard & Poor's, A- Rating | Moody's, A3 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Municipal securities | Standard & Poor's, BBB+ Rating | Moody's, Baa1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Municipal securities | Standard & Poor's, BBB Rating | Moody's, Baa2 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Municipal securities | Standard & Poor's, BBB- Rating | Moody's, Baa3 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Municipal securities | Standard & Poor's, BB+ Rating | Moody's, Ba1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Municipal securities | Standard & Poor's Not Rated | Moody's, Not Rated Agency
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Other
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	222,585
Other | Standard & Poor's, AA+ Rating | Moody's, Aa1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Other | Standard & Poor's, AA Rating | Moody's, Aa2 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Other | Standard & Poor's, A+ Rating | Moody's, A1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	0
Other | Standard & Poor's, A- Rating | Moody's, A3 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	9,507
Other | Standard & Poor's, BBB+ Rating | Moody's, Baa1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	8,500
Other | Standard & Poor's, BBB Rating | Moody's, Baa2 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	8,500
Other | Standard & Poor's, BBB- Rating | Moody's, Baa3 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	9,526
Other | Standard & Poor's, BB+ Rating | Moody's, Ba1 Rating
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	2,000
Other | Standard & Poor's Not Rated | Moody's, Not Rated Agency
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items]
Held-to-maturity securities, amortized cost	$ 184,552

Loans - Categories (Details)

Loans - Categories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 3,874,570	$ 3,802,855
Net deferred loan origination fees/costs and premiums/discounts on purchased loans and other	35,234	37,365
Total loans	3,909,804	3,840,220
Allowance for credit losses	(40,891)	(38,774)	$ (36,879)	$ (31,737)
Net loans	3,868,913	3,801,446
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(1,800)	(2,185)	(1,437)	(1,711)
Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(769)	(825)	(712)	(651)
Investor commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(798)	(1,311)	(1,276)	(1,099)
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(2,942)	(2,167)	(1,551)	(2,074)
Single tenant lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(8,471)	(8,129)	(10,273)	(10,519)
Public finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(1,336)	(1,372)	(1,570)	(1,753)
Healthcare finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(1,917)	(1,976)	(3,695)	(2,997)
Franchise finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(6,166)	(6,363)	(4,672)	(3,988)
Small business lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(8,868)	(6,532)	(2,340)	(2,168)
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(1,945)	(2,054)	(2,561)	(1,559)
Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(125)	(171)	(254)	(69)
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	(5,754)	(5,689)	$ (6,538)	$ (3,149)
Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,081,133	3,005,924
Commercial Portfolio Segment | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	133,897	129,349
Total loans	133,897	129,349
Commercial Portfolio Segment | Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	57,787	57,286
Total loans	57,787	57,286
Commercial Portfolio Segment | Investor commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	128,276	132,077
Total loans	128,276	132,077
Commercial Portfolio Segment | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	325,597	261,750
Total loans	325,597	261,750
Commercial Portfolio Segment | Single tenant lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	941,597	936,616
Total loans	941,597	936,616
Commercial Portfolio Segment | Public finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	498,262	521,764
Total loans	498,262	521,764
Commercial Portfolio Segment | Public finance | Interest rate swaps
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	26,900	27,800
Commercial Portfolio Segment | Healthcare finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	213,332	222,793
Commercial Portfolio Segment | Franchise finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	543,122	525,783
Commercial Portfolio Segment | Small business lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	239,263	218,506
Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	793,437	796,931
Consumer Portfolio | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	390,009	395,648
Consumer Portfolio | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	22,753	23,669
Consumer Portfolio | Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 380,675	$ 377,614

Loans - Change in the Balances

Loans - Change in the Balances of the ALLL (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Allowance for loan losses:
Beginning balance	$ 38,774	$ 31,737	$ 31,737
Provision for credit losses	2,582	9,373
Losses Charged Off	(533)	(7,257)	(11,884)
Recoveries	68	64
Ending balance	40,891	36,879	38,774
Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		2,962	2,962
Commercial and industrial
Allowance for loan losses:
Beginning balance	2,185	1,711	1,711
Provision for credit losses	(387)	6,810
Losses Charged Off	0	(6,965)
Recoveries	2	1
Ending balance	1,800	1,437	2,185
Commercial and industrial | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		(120)	(120)
Owner-occupied commercial real estate
Allowance for loan losses:
Beginning balance	825	651	651
Provision for credit losses	(56)	(1)
Losses Charged Off	0	0
Recoveries	0	0
Ending balance	769	712	825
Owner-occupied commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		62	62
Investor commercial real estate
Allowance for loan losses:
Beginning balance	1,311	1,099	1,099
Provision for credit losses	(513)	368
Losses Charged Off	0	0
Recoveries	0	0
Ending balance	798	1,276	1,311
Investor commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		(191)	(191)
Construction
Allowance for loan losses:
Beginning balance	2,167	2,074	2,074
Provision for credit losses	775	(88)
Losses Charged Off	0	0
Recoveries	0	0
Ending balance	2,942	1,551	2,167
Construction | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		(435)	(435)
Single tenant lease financing
Allowance for loan losses:
Beginning balance	8,129	10,519	10,519
Provision for credit losses	342	100
Losses Charged Off	0	0
Recoveries	0	0
Ending balance	8,471	10,273	8,129
Single tenant lease financing | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		(346)	(346)
Public finance
Allowance for loan losses:
Beginning balance	1,372	1,753	1,753
Provision for credit losses	(36)	(48)
Losses Charged Off	0	0
Recoveries	0	0
Ending balance	1,336	1,570	1,372
Public finance | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		(135)	(135)
Healthcare finance
Allowance for loan losses:
Beginning balance	1,976	2,997	2,997
Provision for credit losses	(59)	(336)
Losses Charged Off	0	0
Recoveries	0	0
Ending balance	1,917	3,695	1,976
Healthcare finance | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		1,034	1,034
Small business lending
Allowance for loan losses:
Beginning balance	6,532	2,168	2,168
Provision for credit losses	2,585	(105)
Losses Charged Off	(289)	(60)
Recoveries	40	3
Ending balance	8,868	2,340	6,532
Small business lending | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		334	334
Franchise finance
Allowance for loan losses:
Beginning balance	6,363	3,988	3,988
Provision for credit losses	(197)	997
Losses Charged Off	0	0
Recoveries	0	0
Ending balance	6,166	4,672	6,363
Franchise finance | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		(313)	(313)
Residential mortgage
Allowance for loan losses:
Beginning balance	2,054	1,559	1,559
Provision for credit losses	(41)	594
Losses Charged Off	(69)	0
Recoveries	1	2
Ending balance	1,945	2,561	2,054
Residential mortgage | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		406	406
Home equity
Allowance for loan losses:
Beginning balance	171	69	69
Provision for credit losses	(48)	51
Losses Charged Off	0	0
Recoveries	2	1
Ending balance	125	254	171
Home equity | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		133	133
Other consumer loans
Allowance for loan losses:
Beginning balance	5,689	3,149	3,149
Provision for credit losses	217	1,031
Losses Charged Off	(175)	(232)
Recoveries	23	57
Ending balance	$ 5,754	6,538	5,689
Other consumer loans | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses:
Beginning balance		$ 2,533	$ 2,533

Loans - Provision For Credit Lo

Loans - Provision For Credit Losses On Off-Balance Sheet Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	$ 3,673	$ 2,546	$ 3,745	$ 0
Provision for credit losses	(72)	42
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				2,504
Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	3,622	2,361	3,678	0
Provision for credit losses	(56)	47
Commercial Portfolio Segment | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				2,314
Commercial Portfolio Segment | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	193	149	233	0
Provision for credit losses	(40)	39
Commercial Portfolio Segment | Commercial and industrial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				110
Commercial Portfolio Segment | Owner-occupied commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	0	8	9	0
Provision for credit losses	(9)	8
Commercial Portfolio Segment | Owner-occupied commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				0
Commercial Portfolio Segment | Investor commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	0	48	6	0
Provision for credit losses	(6)	39
Commercial Portfolio Segment | Investor commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				9
Commercial Portfolio Segment | Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	3,270	2,154	2,889	0
Provision for credit losses	381	(39)
Commercial Portfolio Segment | Construction | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				2,193
Commercial Portfolio Segment | Small Business Lending [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	159	2	541	0
Provision for credit losses	(382)	0
Commercial Portfolio Segment | Small Business Lending [Member] | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				2
Consumer Portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	51	185	67	0
Provision for credit losses	(16)	(5)
Consumer Portfolio | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				190
Consumer Portfolio | Residential mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	5	113	11	0
Provision for credit losses	(6)	(14)
Consumer Portfolio | Residential mortgage | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				127
Consumer Portfolio | Home equity
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	35	62	45	0
Provision for credit losses	(10)	10
Consumer Portfolio | Home equity | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				52
Consumer Portfolio | Other consumer loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments	11	10	$ 11	0
Provision for credit losses	$ 0	$ (1)
Consumer Portfolio | Other consumer loans | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Off-balance sheet commitments				$ 11

Loans - Credit Risk Profile and

Loans - Credit Risk Profile and Loan Portfolio Delinquency (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	$ 99,155		$ 624,674
Fiscal year before current year	658,274		1,040,686
Two fiscal years before current year	1,029,701		463,824
Three fiscal years before current year	463,589		300,968
Four fiscal years before current year	285,277		362,098
More than five years before current year	1,268,133		937,458
Revolving loans amortized, cost basis	68,680		71,369
Revolving loans converted to term	1,761		1,778
Total loans	3,909,804		3,840,220
Current fiscal year, writeoff	0		164
Fiscal year before current year, writeoff	85		1,238
Two fiscal years before current year, writeoff	312		7,420
Three fiscal years before current year, writeoff	80		1,420
Four fiscal years before current year, writeoff	9		808
More than five years before current year, writeoff	47		834
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	533	$ 7,257	11,884
Loans	3,874,570		3,802,855
Accrued interest receivable	20,500		20,900
30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	11,656		3,013
60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,385		3,778
90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	5,403		4,813
Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	20,444		11,604
Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,854,126		3,791,251
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	69	0
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	6,965
Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	0
Investor commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	0
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	0
Single tenant lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	0
Public finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	0
Healthcare finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	0
Small Business Lending [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	289	60
Franchise finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	0
Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	0	0
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Year-to-date gross charge-offs	175	$ 232
Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,081,133		3,005,924
Commercial Portfolio Segment | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	7,904		24,329
Fiscal year before current year	26,273		24,019
Two fiscal years before current year	23,404		15,464
Three fiscal years before current year	15,382		2,502
Four fiscal years before current year	2,464		12,365
More than five years before current year	20,586		8,703
Revolving loans amortized, cost basis	37,884		41,967
Revolving loans converted to term	0		0
Total loans	133,897		129,349
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		0
Two fiscal years before current year, writeoff	0		6,914
Three fiscal years before current year, writeoff	0		5
Four fiscal years before current year, writeoff	0		130
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		7,049
Loans	133,897		129,349
Commercial Portfolio Segment | Commercial and industrial | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8		40
Commercial Portfolio Segment | Commercial and industrial | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		21
Commercial Portfolio Segment | Commercial and industrial | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Commercial and industrial | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8		61
Commercial Portfolio Segment | Commercial and industrial | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	133,889		129,288
Commercial Portfolio Segment | Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	2,275		1,492
Fiscal year before current year	1,484		11,315
Two fiscal years before current year	11,248		8,912
Three fiscal years before current year	8,795		14,983
Four fiscal years before current year	14,192		5,255
More than five years before current year	19,793		15,329
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	57,787		57,286
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		0
Two fiscal years before current year, writeoff	0		0
Three fiscal years before current year, writeoff	0		0
Four fiscal years before current year, writeoff	0		0
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		0
Loans	57,787		57,286
Commercial Portfolio Segment | Owner-occupied commercial real estate | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Owner-occupied commercial real estate | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Owner-occupied commercial real estate | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Owner-occupied commercial real estate | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Owner-occupied commercial real estate | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	57,787		57,286
Commercial Portfolio Segment | Investor commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		6,571
Fiscal year before current year	2,852		35,209
Two fiscal years before current year	35,232		26,841
Three fiscal years before current year	27,142		9,864
Four fiscal years before current year	9,800		47,827
More than five years before current year	53,250		5,765
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	128,276		132,077
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		0
Two fiscal years before current year, writeoff	0		0
Three fiscal years before current year, writeoff	0		0
Four fiscal years before current year, writeoff	0		0
More than five years before current year, writeoff	0		591
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		591
Loans	128,276		132,077
Commercial Portfolio Segment | Investor commercial real estate | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Investor commercial real estate | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Investor commercial real estate | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Investor commercial real estate | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Investor commercial real estate | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	128,276		132,077
Commercial Portfolio Segment | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	2,195		26,539
Fiscal year before current year	63,557		153,066
Two fiscal years before current year	174,215		70,175
Three fiscal years before current year	77,364		6,121
Four fiscal years before current year	2,426		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	5,840		5,849
Revolving loans converted to term	0		0
Total loans	325,597		261,750
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		0
Two fiscal years before current year, writeoff	0		0
Three fiscal years before current year, writeoff	0		0
Four fiscal years before current year, writeoff	0		0
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		0
Loans	325,597		261,750
Commercial Portfolio Segment | Construction | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Construction | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Construction | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Construction | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Construction | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	325,597		261,750
Commercial Portfolio Segment | Single tenant lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	16,533		52,360
Fiscal year before current year	52,217		226,326
Two fiscal years before current year	224,834		95,773
Three fiscal years before current year	94,713		68,895
Four fiscal years before current year	66,546		142,023
More than five years before current year	486,754		351,239
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	941,597		936,616
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		0
Two fiscal years before current year, writeoff	0		0
Three fiscal years before current year, writeoff	0		0
Four fiscal years before current year, writeoff	0		0
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		0
Loans	941,597		936,616
Commercial Portfolio Segment | Single tenant lease financing | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Single tenant lease financing | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Single tenant lease financing | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Single tenant lease financing | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Single tenant lease financing | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	941,597		936,616
Commercial Portfolio Segment | Public finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	1,272		3,805
Fiscal year before current year	3,323		30,583
Two fiscal years before current year	17,740		29,750
Three fiscal years before current year	28,790		719
Four fiscal years before current year	719		43,611
More than five years before current year	446,418		413,296
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	498,262		521,764
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		0
Two fiscal years before current year, writeoff	0		0
Three fiscal years before current year, writeoff	0		0
Four fiscal years before current year, writeoff	0		0
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		0
Loans	498,262		521,764
Commercial Portfolio Segment | Public finance | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Public finance | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Public finance | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Public finance | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Public finance | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	498,262		521,764
Commercial Portfolio Segment | Healthcare finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		9,955
Three fiscal years before current year	9,719		124,654
Four fiscal years before current year	119,549		64,700
More than five years before current year	84,064		23,484
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		0
Two fiscal years before current year, writeoff	0		0
Three fiscal years before current year, writeoff	0		0
Four fiscal years before current year, writeoff	0		605
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		605
Loans	213,332		222,793
Commercial Portfolio Segment | Healthcare finance | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Healthcare finance | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Healthcare finance | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Healthcare finance | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Commercial Portfolio Segment | Healthcare finance | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	213,332		222,793
Commercial Portfolio Segment | Small Business Lending [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	23,351		120,587
Fiscal year before current year	124,053		44,427
Two fiscal years before current year	39,707		15,232
Three fiscal years before current year	14,250		16,066
Four fiscal years before current year	14,038		6,002
More than five years before current year	15,917		10,330
Revolving loans amortized, cost basis	7,947		5,862
Revolving loans converted to term	0		0
Current fiscal year, writeoff	0		67
Fiscal year before current year, writeoff	46		739
Two fiscal years before current year, writeoff	235		416
Three fiscal years before current year, writeoff			1,364
Four fiscal years before current year, writeoff	8		0
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	289		2,586
Loans	239,263		218,506
Commercial Portfolio Segment | Small Business Lending [Member] | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,674		2,680
Commercial Portfolio Segment | Small Business Lending [Member] | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	824		57
Commercial Portfolio Segment | Small Business Lending [Member] | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,032		2,794
Commercial Portfolio Segment | Small Business Lending [Member] | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	11,530		5,531
Commercial Portfolio Segment | Small Business Lending [Member] | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	227,733		212,975
Commercial Portfolio Segment | Franchise finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	25,091		256,944
Fiscal year before current year	256,982		210,617
Two fiscal years before current year	204,464		58,222
Three fiscal years before current year	56,585		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		331
Two fiscal years before current year, writeoff	0		0
Three fiscal years before current year, writeoff	0		0
Four fiscal years before current year, writeoff	0		0
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		331
Loans	543,122		525,783
Commercial Portfolio Segment | Franchise finance | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,772		0
Commercial Portfolio Segment | Franchise finance | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,168		2,923
Commercial Portfolio Segment | Franchise finance | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	850		303
Commercial Portfolio Segment | Franchise finance | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	5,790		3,226
Commercial Portfolio Segment | Franchise finance | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	537,332		522,557
Commercial Portfolio Segment | Pass | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	7,904		24,329
Fiscal year before current year	26,273		19,382
Two fiscal years before current year	18,942		15,464
Three fiscal years before current year	15,382		2,502
Four fiscal years before current year	2,464		12,365
More than five years before current year	20,586		8,703
Revolving loans amortized, cost basis	37,884		41,967
Revolving loans converted to term	0		0
Total loans	129,435		124,712
Commercial Portfolio Segment | Pass | Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	2,275		1,492
Fiscal year before current year	1,484		10,731
Two fiscal years before current year	10,668		7,990
Three fiscal years before current year	7,882		6,591
Four fiscal years before current year	5,861		5,255
More than five years before current year	16,958		12,485
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	45,128		44,544
Commercial Portfolio Segment | Pass | Investor commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		6,571
Fiscal year before current year	2,852		35,209
Two fiscal years before current year	35,232		26,841
Three fiscal years before current year	27,142		9,864
Four fiscal years before current year	9,800		47,827
More than five years before current year	53,250		5,765
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	128,276		132,077
Commercial Portfolio Segment | Pass | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	2,195		26,539
Fiscal year before current year	63,557		153,066
Two fiscal years before current year	174,215		70,175
Three fiscal years before current year	77,364		6,121
Four fiscal years before current year	2,426		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	5,840		5,849
Revolving loans converted to term	0		0
Total loans	325,597		261,750
Commercial Portfolio Segment | Pass | Single tenant lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	16,533		52,360
Fiscal year before current year	52,217		221,964
Two fiscal years before current year	222,230		89,075
Three fiscal years before current year	89,441		65,863
Four fiscal years before current year	65,372		142,023
More than five years before current year	479,092		346,695
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	924,885		917,980
Commercial Portfolio Segment | Pass | Public finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	1,272		3,805
Fiscal year before current year	3,323		30,583
Two fiscal years before current year	17,740		29,750
Three fiscal years before current year	28,790		719
Four fiscal years before current year	719		43,611
More than five years before current year	444,298		411,176
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	496,142		519,644
Commercial Portfolio Segment | Pass | Healthcare finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		9,955
Three fiscal years before current year	9,719		124,654
Four fiscal years before current year	119,549		63,486
More than five years before current year	83,354		23,484
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	212,622		221,579
Commercial Portfolio Segment | Pass | Small Business Lending [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	23,351		119,149
Fiscal year before current year	118,895		42,077
Two fiscal years before current year	36,277		15,180
Three fiscal years before current year	13,994		13,948
Four fiscal years before current year	12,070		4,582
More than five years before current year	13,420		9,215
Revolving loans amortized, cost basis	7,481		5,388
Revolving loans converted to term	0		0
Loans	225,488		209,539
Commercial Portfolio Segment | Pass | Franchise finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	25,091		256,944
Fiscal year before current year	256,701		210,617
Two fiscal years before current year	203,240		57,919
Three fiscal years before current year	56,290		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	541,322		525,480
Commercial Portfolio Segment | Special Mention | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		4,637
Two fiscal years before current year	4,462		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	4,462		4,637
Commercial Portfolio Segment | Special Mention | Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		584
Two fiscal years before current year	580		922
Three fiscal years before current year	913		8,392
Four fiscal years before current year	8,331		0
More than five years before current year	1,180		1,189
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	11,004		11,087
Commercial Portfolio Segment | Special Mention | Investor commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Special Mention | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Special Mention | Single tenant lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		4,362
Two fiscal years before current year	2,604		6,698
Three fiscal years before current year	5,272		3,032
Four fiscal years before current year	1,174		0
More than five years before current year	7,662		4,544
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	16,712		18,636
Commercial Portfolio Segment | Special Mention | Public finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	2,120		2,120
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	2,120		2,120
Commercial Portfolio Segment | Special Mention | Healthcare finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		1,214
More than five years before current year	710		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	710		1,214
Commercial Portfolio Segment | Special Mention | Small Business Lending [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		343
Fiscal year before current year	2,422		496
Two fiscal years before current year	287		0
Three fiscal years before current year	204		341
Four fiscal years before current year	383		265
More than five years before current year	946		698
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	4,242		2,143
Commercial Portfolio Segment | Special Mention | Franchise finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	281		0
Two fiscal years before current year	669		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	950		0
Commercial Portfolio Segment | Substandard | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Substandard | Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	1,655		1,655
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	1,655		1,655
Commercial Portfolio Segment | Substandard | Investor commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Substandard | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Substandard | Single tenant lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Substandard | Public finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Substandard | Healthcare finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	0		0
Commercial Portfolio Segment | Substandard | Small Business Lending [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		1,095
Fiscal year before current year	2,736		1,854
Two fiscal years before current year	3,143		52
Three fiscal years before current year	52		1,777
Four fiscal years before current year	1,585		1,155
More than five years before current year	1,551		417
Revolving loans amortized, cost basis	466		474
Revolving loans converted to term	0		0
Loans	9,533		6,824
Commercial Portfolio Segment | Substandard | Franchise finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	555		303
Three fiscal years before current year	295		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	850		303
Commercial Portfolio Segment | Doubtful | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Doubtful | Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Doubtful | Investor commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Doubtful | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Doubtful | Single tenant lease financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Doubtful | Public finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Total loans	0		0
Commercial Portfolio Segment | Doubtful | Healthcare finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	0		0
Commercial Portfolio Segment | Doubtful | Small Business Lending [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	0		0
Commercial Portfolio Segment | Doubtful | Franchise finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	0		0
Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	793,437		796,931
Consumer Portfolio | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		14,942
Fiscal year before current year	13,983		196,191
Two fiscal years before current year	194,888		91,466
Three fiscal years before current year	90,813		30,165
Four fiscal years before current year	29,954		13,072
More than five years before current year	60,371		49,812
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		53
Two fiscal years before current year, writeoff	13		70
Three fiscal years before current year, writeoff	56		0
Four fiscal years before current year, writeoff	0		17
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	69		140
Loans	390,009		395,648
Consumer Portfolio | Residential mortgage | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		70
Consumer Portfolio | Residential mortgage | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,345		709
Consumer Portfolio | Residential mortgage | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,473		1,663
Consumer Portfolio | Residential mortgage | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,818		2,442
Consumer Portfolio | Residential mortgage | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	387,191		393,206
Consumer Portfolio | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		1,369
Fiscal year before current year	1,307		1,997
Two fiscal years before current year	1,942		436
Three fiscal years before current year	429		467
Four fiscal years before current year	454		141
More than five years before current year	680		585
Revolving loans amortized, cost basis	16,180		16,896
Revolving loans converted to term	1,761		1,778
Current fiscal year, writeoff	0		0
Fiscal year before current year, writeoff	0		0
Two fiscal years before current year, writeoff	0		0
Three fiscal years before current year, writeoff	0		0
Four fiscal years before current year, writeoff	0		0
More than five years before current year, writeoff	0		0
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	0		0
Loans	22,753		23,669
Consumer Portfolio | Home equity | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Consumer Portfolio | Home equity | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Consumer Portfolio | Home equity | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Consumer Portfolio | Home equity | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	0		0
Consumer Portfolio | Home equity | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	22,753		23,669
Consumer Portfolio | Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	20,534		115,736
Fiscal year before current year	112,243		106,936
Two fiscal years before current year	102,027		41,598
Three fiscal years before current year	39,607		26,532
Four fiscal years before current year	25,135		27,102
More than five years before current year	80,300		58,915
Revolving loans amortized, cost basis	829		795
Revolving loans converted to term	0		0
Current fiscal year, writeoff	0		97
Fiscal year before current year, writeoff	39		115
Two fiscal years before current year, writeoff	64		20
Three fiscal years before current year, writeoff	24		51
Four fiscal years before current year, writeoff	1		56
More than five years before current year, writeoff	47		243
Revolving loans amortized cost basis, writeoff	0		0
Revolving loans converted to term, writeoff	0		0
Year-to-date gross charge-offs	175		582
Loans	380,675		377,614
Consumer Portfolio | Other consumer loans | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	202		223
Consumer Portfolio | Other consumer loans | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	48		68
Consumer Portfolio | Other consumer loans | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	48		53
Consumer Portfolio | Other consumer loans | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	298		344
Consumer Portfolio | Other consumer loans | Financial Asset, Not Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	380,377		377,270
Consumer Portfolio | Performing | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		14,942
Fiscal year before current year	13,983		195,453
Two fiscal years before current year	193,699		91,010
Three fiscal years before current year	90,365		30,092
Four fiscal years before current year	29,784		13,072
More than five years before current year	59,638		48,330
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	387,469		392,899
Consumer Portfolio | Performing | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		1,369
Fiscal year before current year	1,307		1,997
Two fiscal years before current year	1,942		436
Three fiscal years before current year	429		467
Four fiscal years before current year	454		141
More than five years before current year	680		585
Revolving loans amortized, cost basis	16,180		16,896
Revolving loans converted to term	1,761		1,778
Loans	22,753		23,669
Consumer Portfolio | Performing | Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	20,534		115,736
Fiscal year before current year	112,174		106,883
Two fiscal years before current year	102,027		41,598
Three fiscal years before current year	39,591		26,527
Four fiscal years before current year	25,131		27,087
More than five years before current year	80,260		58,902
Revolving loans amortized, cost basis	829		795
Revolving loans converted to term	0		0
Loans	380,546		377,528
Consumer Portfolio | Nonaccrual | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		738
Two fiscal years before current year	1,189		456
Three fiscal years before current year	448		73
Four fiscal years before current year	170		0
More than five years before current year	733		1,482
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	2,540		2,749
Consumer Portfolio | Nonaccrual | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	0		0
Two fiscal years before current year	0		0
Three fiscal years before current year	0		0
Four fiscal years before current year	0		0
More than five years before current year	0		0
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	0		0
Consumer Portfolio | Nonaccrual | Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current year	0		0
Fiscal year before current year	69		53
Two fiscal years before current year	0		0
Three fiscal years before current year	16		5
Four fiscal years before current year	4		15
More than five years before current year	40		13
Revolving loans amortized, cost basis	0		0
Revolving loans converted to term	0		0
Loans	$ 129		$ 86

Loans - Nonaccrual Loans and Lo

Loans - Nonaccrual Loans and Loans Past Due 90 Days or More (Details) - Nonaccrual - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Commercial Portfolio Segment | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual Loans	$ 0	$ 0
Nonaccrual Loans with no Allowance for Credit Losses	0	0
Total Loans 90 Days or More Past Due and Accruing	0	0
Commercial Portfolio Segment | Small Business Lending [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual Loans	9,532	6,824
Nonaccrual Loans with no Allowance for Credit Losses	654	904
Total Loans 90 Days or More Past Due and Accruing	0	0
Commercial Portfolio Segment | Franchise finance
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual Loans	295	303
Nonaccrual Loans with no Allowance for Credit Losses	0	0
Total Loans 90 Days or More Past Due and Accruing	555	0
Consumer Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual Loans	12,265	9,124
Nonaccrual Loans with no Allowance for Credit Losses	3,092	2,901
Total Loans 90 Days or More Past Due and Accruing	785	838
Consumer Portfolio | Residential mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual Loans	2,309	1,911
Nonaccrual Loans with no Allowance for Credit Losses	2,309	1,911
Total Loans 90 Days or More Past Due and Accruing	230	838
Consumer Portfolio | Other consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual Loans	129	86
Nonaccrual Loans with no Allowance for Credit Losses	129	86
Total Loans 90 Days or More Past Due and Accruing	$ 0	$ 0

Loans - Collateral Dependent Lo

Loans - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ 40,891	$ 38,774	$ 36,879	$ 31,737
Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	9,903	9,962
Allowance for credit losses	2,671	2,391
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,284	2,875
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	2,309	3,121
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	6,310	3,966
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	1,800	2,185	1,437	1,711
Commercial and industrial | Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Allowance for credit losses	0	0
Commercial and industrial | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Commercial and industrial | Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Commercial and industrial | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Owner-occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	769	825	712	651
Owner-occupied commercial real estate | Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,654	1,654
Allowance for credit losses	0	0
Owner-occupied commercial real estate | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Owner-occupied commercial real estate | Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Owner-occupied commercial real estate | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,654	1,654
Small business lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	8,868	6,532	2,340	2,168
Small business lending | Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	5,811	6,311
Allowance for credit losses	2,671	2,391
Small business lending | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,284	2,875
Small business lending | Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	1,210
Small business lending | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	4,527	2,226
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	1,945	2,054	2,561	1,559
Residential mortgage | Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	2,309	1,911
Allowance for credit losses	0	0
Residential mortgage | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Residential mortgage | Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	2,309	1,911
Residential mortgage | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Other consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	5,754	5,689	$ 6,538	$ 3,149
Other consumer loans | Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	129	86
Allowance for credit losses	0	0
Other consumer loans | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Other consumer loans | Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	0
Other consumer loans | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 129	$ 86

Loans - Other Real Estate Owned

Loans - Other Real Estate Owned (Details) $ in Thousands	Mar. 31, 2024 USD ($) loan property	Dec. 31, 2023 USD ($) property loan
Receivables [Abstract]
Other real estate owned	$ 375	$ 375
Other real estate owned, number of properties | property	2	2
Mortgage loans in process of foreclosure, amount	$ 500	$ 800
Mortgage loans in process of foreclosure, number of loans | loan	2	1

Premises and Equipment - Summar

Premises and Equipment - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (15,988)	$ (14,855)
Premises and equipment, net	73,231	73,463
Land
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	5,598	5,598
Right of use leased asset
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	41	66
Construction in process
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,599	1,119
Building and improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	60,854	60,699
Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 21,127	$ 20,836

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 4,687	$ 4,687

Servicing Asset (Details)

Servicing Asset (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance, beginning of period	$ 6,255	$ 10,567
Originated	1,627	1,112
Paydowns:	(612)	(339)
Changes in fair value due to changes in valuation inputs or assumptions used in the valuation model	178	284
Loan servicing asset revaluation	(434)	(55)
Balance, end of period	$ 11,760	$ 7,312

Servicing Asset - Unpaid princi

Servicing Asset - Unpaid principal balance (Details) - Loan servicing - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Servicing Assets at Fair Value [Line Items]
Loans serviced for others	$ 599,396	$ 531,927
SBA guaranteed loans
Servicing Assets at Fair Value [Line Items]
Loans serviced for others	$ 599,396	$ 531,927

Servicing Asset - Narrative (De

Servicing Asset - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Servicing Assets at Fair Value [Line Items]
Changes in fair value due to changes in valuation inputs or assumptions used in the valuation model	$ (178)	$ (284)
Loan servicing
Servicing Assets at Fair Value [Line Items]
Loan servicing revenue	1,323	785
Changes in fair value due to changes in valuation inputs or assumptions used in the valuation model	$ 400	$ 100

Subordinated Debt (Details Text

Subordinated Debt (Details Textual) - Subordinated Debt - USD ($)	1 Months Ended
	Aug. 31, 2021	Oct. 31, 2020	Jun. 30, 2019	Dec. 30, 2021
2031 Notes
Debt Instrument [Line Items]
Subordinated debenture, principal amount			$ 37,000,000
Fixed annual interest rate (as a percent)			6%
2030 Notes
Debt Instrument [Line Items]
Subordinated debenture, principal amount		$ 10,000,000
Fixed annual interest rate (as a percent)		6%
2031 Notes
Debt Instrument [Line Items]
Subordinated debenture, principal amount	$ 60,000,000
Fixed annual interest rate (as a percent)	3.75%
Unregistered 2031 Notes
Debt Instrument [Line Items]
Debt Instrument, Principal Amount Exchanged				$ 59,300,000
Debt Instrument, Principal Amount Remaining				$ 700,000
LIBOR | 2031 Notes
Debt Instrument [Line Items]
Basis spread on variable rate			4.376%
Secured Overnight Financing Rate (SOFR) | 2030 Notes
Debt Instrument [Line Items]
Basis spread on variable rate		5.795%
Secured Overnight Financing Rate (SOFR) | 2031 Notes
Debt Instrument [Line Items]
Basis spread on variable rate	3.11%

Subordinated Debt - Schedule of

Subordinated Debt - Schedule of Subordinated Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Unamortized Discount and Debt Issuance Costs	$ (2,085)	$ (2,162)
Subordinated Debt
Debt Instrument [Line Items]
Principal	107,000	107,000
Unamortized Discount and Debt Issuance Costs	(2,085)	(2,162)
Subordinated Debt | 2029 Notes
Debt Instrument [Line Items]
Principal	37,000	37,000
Unamortized Discount and Debt Issuance Costs	(822)	(862)
Subordinated Debt | 2030 Notes
Debt Instrument [Line Items]
Principal	10,000	10,000
Unamortized Discount and Debt Issuance Costs	(155)	(160)
Subordinated Debt | 2031 Notes
Debt Instrument [Line Items]
Principal	60,000	60,000
Unamortized Discount and Debt Issuance Costs	$ (1,108)	$ (1,140)

Benefit Plans - Activity (Detai

Benefit Plans - Activity (Details)	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Restricted Stock Units | 2022 Plan
Awards/Units Outstanding (in shares)
Balance at beginning of period (in shares) | shares	72,354
Granted (in shares) | shares	75,222
Vested (in shares) | shares	(14,294)
Balance at end of period (in shares) | shares	133,282
Weighted-Average Grant Date Fair Value Per Share (in dollars per share)
Balance at beginning of period (in dollars per share) | $ / shares	$ 24.61
Granted (in dollars per share) | $ / shares	24.13
Vested (in dollars per share) | $ / shares	24.52
Balance at end of period (in dollars per share) | $ / shares	$ 24.35
Restricted Stock Units | 2013 Plan
Awards/Units Outstanding (in shares)
Balance at beginning of period (in shares) | shares	53,985
Cancelled/Forfeited (in shares) | shares	(22,685)
Vested (in shares) | shares	(8,089)
Balance at end of period (in shares) | shares	23,211
Weighted-Average Grant Date Fair Value Per Share (in dollars per share)
Balance at beginning of period (in dollars per share) | $ / shares	$ 39.86
Cancelled/Forfeited (in dollars per share) | $ / shares	30.45
Vested (in dollars per share) | $ / shares	46.64
Balance at end of period (in dollars per share) | $ / shares	$ 46.69
Restricted Stock Awards | 2022 Plan
Awards/Units Outstanding (in shares)
Balance at beginning of period (in shares) | shares	30,030
Granted (in shares) | shares	0
Vested (in shares) | shares	0
Balance at end of period (in shares) | shares	30,030
Weighted-Average Grant Date Fair Value Per Share (in dollars per share)
Balance at beginning of period (in dollars per share) | $ / shares	$ 11.18
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	0
Balance at end of period (in dollars per share) | $ / shares	$ 11.18
Restricted Stock Awards | 2013 Plan
Awards/Units Outstanding (in shares)
Balance at beginning of period (in shares) | shares	0
Cancelled/Forfeited (in shares) | shares	0
Vested (in shares) | shares	0
Balance at end of period (in shares) | shares	0
Weighted-Average Grant Date Fair Value Per Share (in dollars per share)
Balance at beginning of period (in dollars per share) | $ / shares	$ 0
Cancelled/Forfeited (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	0
Balance at end of period (in dollars per share) | $ / shares	$ 0
Deferred Stock Units | 2022 Plan
Awards/Units Outstanding (in shares)
Balance at beginning of period (in shares) | shares	0
Granted (in shares) | shares	0
Vested (in shares) | shares	0
Balance at end of period (in shares) | shares	0
Weighted-Average Grant Date Fair Value Per Share (in dollars per share)
Balance at beginning of period (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	0
Balance at end of period (in dollars per share) | $ / shares	$ 0
Deferred Stock Units | 2013 Plan
Awards/Units Outstanding (in shares)
Balance at beginning of period (in shares) | shares	0
Cancelled/Forfeited (in shares) | shares	0
Vested (in shares) | shares	0
Balance at end of period (in shares) | shares	0
Weighted-Average Grant Date Fair Value Per Share (in dollars per share)
Balance at beginning of period (in dollars per share) | $ / shares	$ 0
Cancelled/Forfeited (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	0
Balance at end of period (in dollars per share) | $ / shares	$ 0

Benefit Plans - Deferred Stock

Benefit Plans - Deferred Stock Rights (Details)	3 Months Ended
	Mar. 31, 2024 shares
Deferred Stock Rights
Outstanding, beginning of period (in shares)	28,538,000
Granted (in shares)	72,000
Outstanding, end of period (in shares)	28,610,000

Benefit Plans (Details Textual)

Benefit Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	May 16, 2022
Allocated share-based compensation expense	$ 443	$ 372
Compensation cost not yet recognized	$ 300
Period for recognition	9 months 18 days
Percentage of annual retainer received in either common stock or deferred stock rights	100%
2013 Plan
Number of shares authorized (in shares)	750,000
2022 Plan
Number of shares authorized (in shares)			400,000
Share-based Payment Arrangement, Expense	$ 400	100
Director
Common stock shares reserved for future grants (in shares)	180,000
2022 Plan | Restricted Stock Units
Compensation cost not yet recognized	$ 2,800
Period for recognition	2 years 4 months 24 days
Voting and Nonvoting Common Stock | Voting and Nonvoting Common Stock
Allocated share-based compensation expense	$ 443	372
Voting and Nonvoting Common Stock | Voting and Nonvoting Common Stock | 2013 Plan
Allocated share-based compensation expense	$ 100	$ 400

Commitments and Credit Risk (De

Commitments and Credit Risk (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Loan commitments	$ 726.5	$ 755.4

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Total available-for-sale securities	$ 482,431	$ 474,855
Servicing asset	11,760	10,567
Quoted Prices in Active Markets for Identical Assets (Level 1)
Total available-for-sale securities	0	0
Servicing asset	0	0
Significant Other Observable Inputs (Level 2)
Total available-for-sale securities	482,431	474,855
Servicing asset	0	0
Significant Unobservable Inputs (Level 3)
Total available-for-sale securities	0	0
Servicing asset	11,760	10,567
U.S. Government-sponsored agencies
Total available-for-sale securities	92,101	95,177
U.S. Government-sponsored agencies | Quoted Prices in Active Markets for Identical Assets (Level 1)
Total available-for-sale securities	0	0
U.S. Government-sponsored agencies | Significant Other Observable Inputs (Level 2)
Total available-for-sale securities	92,101	95,177
U.S. Government-sponsored agencies | Significant Unobservable Inputs (Level 3)
Total available-for-sale securities	0	0
Municipal securities
Total available-for-sale securities	67,415	68,446
Municipal securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Total available-for-sale securities	0	0
Municipal securities | Significant Other Observable Inputs (Level 2)
Total available-for-sale securities	67,415	68,446
Municipal securities | Significant Unobservable Inputs (Level 3)
Total available-for-sale securities	0	0
Agency mortgage-backed securities - residential
Total available-for-sale securities	220,484	206,649
Agency mortgage-backed securities - residential | Quoted Prices in Active Markets for Identical Assets (Level 1)
Total available-for-sale securities	0	0
Agency mortgage-backed securities - residential | Significant Other Observable Inputs (Level 2)
Total available-for-sale securities		206,649
Agency mortgage-backed securities - residential | Significant Unobservable Inputs (Level 3)
Total available-for-sale securities	0	0
Agency mortgage-backed securities - commercial
Total available-for-sale securities	38,081	38,885
Agency mortgage-backed securities - commercial | Quoted Prices in Active Markets for Identical Assets (Level 1)
Total available-for-sale securities	0	0
Agency mortgage-backed securities - commercial | Significant Other Observable Inputs (Level 2)
Total available-for-sale securities	38,081	38,885
Agency mortgage-backed securities - commercial | Significant Unobservable Inputs (Level 3)
Total available-for-sale securities	0	0
Private label mortgage-backed securities - residential
Total available-for-sale securities	22,266	20,779
Private label mortgage-backed securities - residential | Quoted Prices in Active Markets for Identical Assets (Level 1)
Total available-for-sale securities	0	0
Private label mortgage-backed securities - residential | Significant Unobservable Inputs (Level 3)
Total available-for-sale securities	0	0
Asset-backed securities
Total available-for-sale securities	7,459	8,081
Asset-backed securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Total available-for-sale securities	0	0
Asset-backed securities | Significant Other Observable Inputs (Level 2)
Total available-for-sale securities	7,459	8,081
Asset-backed securities | Significant Unobservable Inputs (Level 3)
Total available-for-sale securities	0	0
Corporate securities
Total available-for-sale securities	34,625	36,838
Corporate securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Total available-for-sale securities	0	0
Corporate securities | Significant Other Observable Inputs (Level 2)
Total available-for-sale securities	34,625	36,838
Corporate securities | Significant Unobservable Inputs (Level 3)
Total available-for-sale securities	0	0
Interest rate swaps
Derivative assets	5,807	5,139
Interest rate swaps | Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivative assets	0	0
Interest rate swaps | Significant Other Observable Inputs (Level 2)
Derivative assets	5,807	5,139
Interest rate swaps | Significant Unobservable Inputs (Level 3)
Derivative assets	0	0
Interest rate swaps, back-to-back
Derivative assets	158	677
Derivative liabilities	(158)	(677)
Interest rate swaps, back-to-back | Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivative assets	0	0
Derivative liabilities	0	0
Interest rate swaps, back-to-back | Significant Other Observable Inputs (Level 2)
Derivative assets	158	677
Derivative liabilities	(158)	(677)
Interest rate swaps, back-to-back | Significant Unobservable Inputs (Level 3)
Derivative assets	0	0
Derivative liabilities	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Fair Value Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Servicing asset
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 10,567	$ 6,255
Additions:	1,627	1,112
Paydowns	(612)	(339)
Change in fair value	178	284
Ending balance	11,760	7,312
Interest Rate Lock Commitments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0	133
Additions:	0	0
Paydowns	0	0
Change in fair value	0	(133)
Ending balance	$ 0	$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Quantitative Information About Unobservable Inputs (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Servicing asset	$ 11,760	$ 10,567
Significant Unobservable Inputs (Level 3)
Servicing asset	11,760	10,567
Collateral dependent loans | Significant Unobservable Inputs (Level 3)
Impaired loans, recorded investment	2,724	2,799
Servicing asset | Significant Unobservable Inputs (Level 3)
Servicing asset	$ 11,760	$ 10,567
Discount for type of property and current market conditions | Fair value of collateral | Collateral dependent loans | Significant Unobservable Inputs (Level 3) | Minimum
Impaired loans, measurement input	0%	0%
Discount for type of property and current market conditions | Fair value of collateral | Collateral dependent loans | Significant Unobservable Inputs (Level 3) | Maximum
Impaired loans, measurement input	90%	90%
Discount for type of property and current market conditions | Fair value of collateral | Collateral dependent loans | Significant Unobservable Inputs (Level 3) | Weighted-Average Range
Impaired loans, measurement input	26%	28%
Prepayment speeds | Discounted cash flow | Servicing asset | Significant Unobservable Inputs (Level 3) | Minimum
Servicing asset, discount rate	0%	0%
Prepayment speeds | Discounted cash flow | Servicing asset | Significant Unobservable Inputs (Level 3) | Maximum
Servicing asset, discount rate	25%	25%
Prepayment speeds | Discounted cash flow | Servicing asset | Significant Unobservable Inputs (Level 3) | Weighted-Average Range
Servicing asset, discount rate	11.60%	11.30%
Discount rate | Discounted cash flow | Servicing asset | Significant Unobservable Inputs (Level 3)
Servicing asset, discount rate	15%	15%
Discount rate | Discounted cash flow | Servicing asset | Significant Unobservable Inputs (Level 3) | Weighted-Average Range
Servicing asset, discount rate	15%	15%

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents	$ 481,264	$ 405,898
Cash and cash equivalents, Fair Value	481,264	405,898
Securities held-to-maturity, net	235,738	227,153
Securities held-to-maturity, net, fair value	214,220	207,572
Loans held-for-sale (best efforts pricing agreements)	22,589	22,052
Loans held for sale, Fair Value	22,589	22,052
Net loans	3,868,913	3,801,446
Net loans, fair value	3,685,416	3,611,909
Accrued interest receivable	26,809	26,746
Accrued interest receivable, Fair Value	26,809	26,746
Federal Home Loan Bank of Indianapolis stock	28,350	28,350
Federal Home Loan Bank of Indianapolis stock, Fair Value	28,350	28,350
Deposits	4,273,768	4,066,973
Deposits, Fair Value	4,253,825	4,059,447
Advances from Federal Home Loan Bank	574,936	614,934
Advances from Federal Home Loan Bank, Fair Value	564,384	605,366
Subordinated debt	104,915	104,838
Subordinated debt, Fair Value	104,576	102,632
Accrued interest payable	3,382	3,848
Accrued interest payable, Fair Value	3,382	3,848
Quoted Prices in Active Markets for Identical Assets (Level 1)
Cash and cash equivalents, Fair Value	481,264	405,898
Securities held-to-maturity, net, fair value	0	0
Loans held for sale, Fair Value	0	0
Net loans, fair value	0	0
Accrued interest receivable, Fair Value	26,809	26,746
Federal Home Loan Bank of Indianapolis stock, Fair Value	0	0
Deposits, Fair Value	1,829,073	1,796,123
Advances from Federal Home Loan Bank, Fair Value	0	0
Subordinated debt, Fair Value	34,514	32,560
Accrued interest payable, Fair Value	3,382	3,848
Significant Other Observable Inputs (Level 2)
Cash and cash equivalents, Fair Value	0	0
Securities held-to-maturity, net, fair value	214,220	207,572
Loans held for sale, Fair Value	22,589	22,052
Net loans, fair value	0	0
Accrued interest receivable, Fair Value	0	0
Federal Home Loan Bank of Indianapolis stock, Fair Value	28,350	28,350
Deposits, Fair Value	0	0
Advances from Federal Home Loan Bank, Fair Value	564,384	605,366
Subordinated debt, Fair Value	70,062	70,072
Accrued interest payable, Fair Value	0	0
Significant Unobservable Inputs (Level 3)
Cash and cash equivalents, Fair Value	0	0
Securities held-to-maturity, net, fair value	0	0
Loans held for sale, Fair Value	0	0
Net loans, fair value	3,685,416	3,611,909
Accrued interest receivable, Fair Value	0	0
Federal Home Loan Bank of Indianapolis stock, Fair Value	0	0
Deposits, Fair Value	2,424,752	2,263,324
Advances from Federal Home Loan Bank, Fair Value	0	0
Subordinated debt, Fair Value	0	0
Accrued interest payable, Fair Value	$ 0	$ 0

Mortgage Banking Activities (De

Mortgage Banking Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Mortgage Banking [Abstract]
Loans originated for sale		$ 36,300
Principal Transaction Revenue [Line Items]
Proceeds from sale of loans		43,500
Mortgage banking activities
Principal Transaction Revenue [Line Items]
Gain on loans sold	$ 0	464
Loss resulting from the change in fair value of loans held-for-sale	0	(136)
Loss resulting from the change in fair value of derivatives	0	(252)
Net revenue from mortgage banking activities	$ 0	$ 76

Derivative Financial Instrume_3

Derivative Financial Instruments - Carrying Amount and Adjustment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized cost	$ 522,965	$ 513,315
Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative assets	69,298	69,504
Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets	(910)	$ (1,143)
Amortized cost	$ 50,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Interest Swap Derivatives (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended		12 Months Ended
	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value			$ 6,453		$ 1,778
Fair Value			(158)		(677)
Payments for swap termination payments		$ 46,100
Cash pledged as collateral			6,100		5,200
Interest rate swaps | Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value			$ 50,000		$ 50,000
Weighted Average Remaining Maturity (years)			7 months 6 days		9 months 18 days
Fair Value			$ 919		$ 1,153
Weighted-Average Rate			2.33%		2.33%
Loans | Interest rate swaps | Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Weighted Average Remaining Maturity (years)			10 years 2 months 12 days
Amortization Expense			$ 900	$ 1,000
Securities available-for-sale | Interest rate swaps | Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value			$ 50,000		$ 50,000
Weighted Average Remaining Maturity (years)			7 months 6 days		9 months 18 days
Fair Value			$ 919		$ 1,153
Weighted-Average Rate			2.33%		2.33%
Payments for swap termination payments	$ 1,900
Amortization Expense			$ 100	$ 100
3-month SOFR | Interest rate swaps | Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value			$ 110,000		$ 110,000
Weighted Average Remaining Maturity (years)			2 years 9 months 18 days		3 years 1 month 6 days
Fair Value			$ 4,715		$ 3,596
Derivative, variable interest rate			2.88%		2.88%
Fed Funds Effective | Interest rate swaps | Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Value			$ 40,000		$ 40,000
Weighted Average Remaining Maturity (years)			2 months 12 days		4 months 24 days
Fair Value			$ 174		$ 390
Derivative, variable interest rate			2.78%		2.78%

Derivative Financial Instrume_5

Derivative Financial Instruments - Notional Amounts and Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Asset Derivatives
Notional Amount	$ 206,453	$ 201,778
Fair Value	5,966	5,816
Derivative Liability [Abstract]
Notional Value	6,453	1,778
Derivative, fair value	(158)	(677)
Derivatives designated as hedging instruments | Interest rate swaps
Derivative Liability [Abstract]
Notional Value	50,000	50,000
Derivative, fair value	919	1,153
Derivatives not designated as hedging instruments | Back to Back Swaps
Asset Derivatives
Notional Amount	6,453	1,778
Fair Value	158	677
Derivative Liability [Abstract]
Notional Value	6,453	1,778
Derivative, fair value	(158)	(677)
Loans | Derivatives designated as hedging instruments | Interest rate swaps
Asset Derivatives
Notional Amount	50,000	50,000
Fair Value	919	1,153
Securities available-for-sale | Derivatives designated as hedging instruments | Interest rate swaps
Asset Derivatives
Notional Amount	150,000	150,000
Fair Value	4,889	3,986
Derivative Liability [Abstract]
Notional Value	50,000	50,000
Derivative, fair value	$ 919	$ 1,153

Derivative Financial Instrume_6

Derivative Financial Instruments - Gain (Loss) Recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income	$ 902	$ (2,170)
Interest rate swap agreements - liabilities (back-to-back) | Liability Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain / (Loss) Recognized	0	(133)
Forward contracts | Liability Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain / (Loss) Recognized	$ 0	$ (119)

Derivative Financial Instrume_7

Derivative Financial Instruments - Effect Of Derivatives on Income (Details) - Interest rate swaps - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Securities - non-taxable
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on the condensed consolidated statements of income	$ 414	$ 294
Total interest income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on the condensed consolidated statements of income	414	294
Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on the condensed consolidated statements of income	(255)	(418)
Other borrowed funds
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on the condensed consolidated statements of income	(762)	(522)
Total interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on the condensed consolidated statements of income	(1,017)	(940)
Net interest income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on the condensed consolidated statements of income	$ 1,431	$ 1,234

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	$ 362,795	$ 364,974
Net change in unrealized gain	(1,172)	2,942
Reclassification of net loss realized and included in earnings	234	158
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	(938)	3,100
Income tax provision (benefit)	(211)	717
Other Comprehensive Income (Loss), Net of Tax	(727)	2,383
Balance, end of period	366,739	355,572
Reclassifications from accumulated other comprehensive loss to earnings before tax	(234)	(158)
Tax benefit	(57)	(46)
Total reclassifications from accumulated other comprehensive loss	(177)	(112)
Available-For-Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(30,174)	(35,831)
Net change in unrealized gain	(2,074)	5,112
Reclassification of net loss realized and included in earnings	0	0
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	(2,074)	5,112
Income tax provision (benefit)	(475)	1,170
Other Comprehensive Income (Loss), Net of Tax	(1,599)	3,942
Balance, end of period	(31,773)	(31,889)
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	3,738	5,714
Net change in unrealized gain	902	(2,170)
Reclassification of net loss realized and included in earnings		0
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	902	(2,170)
Income tax provision (benefit)	207	(499)
Other Comprehensive Income (Loss), Net of Tax	695	(1,671)
Balance, end of period	4,433	4,043
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(29,375)	(33,636)
Other Comprehensive Income (Loss), Net of Tax	(727)	2,383
Balance, end of period	(30,102)	(31,253)
AOCI, Accumulated Gain (Loss), Debt Securities, Held-To-Maturity, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(2,939)	(3,519)
Net change in unrealized gain	0	0
Reclassification of net loss realized and included in earnings	234	158
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	234	158
Income tax provision (benefit)	57	46
Other Comprehensive Income (Loss), Net of Tax	177	112
Balance, end of period	$ (2,762)	$ (3,407)

Uncategorized Items - inbk-2024

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