CB Financial Services (CBFV) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Nov. 07, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-36706
Entity Registrant Name	CB FINANCIAL SERVICES, INC.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	51-0534721
Entity Address, Address Line One	100 N. Market Street
Entity Address, City or Town	Carmichaels
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15320
City Area Code	724
Local Phone Number	966-5041
Title of 12(b) Security	Common stock, par value $0.4167 per share
Trading Symbol	CBFV
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,123,621
Entity Central Index Key	0001605301
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Cash and Due From Banks:
Interest-Earning	$ 138,570	$ 62,442
Noninterest-Earning	8,755	5,781
Total Cash and Due From Banks	147,325	68,223
Securities:
Available-for-Sale Debt Securities, at Fair Value	268,245	204,507
Equity Securities, at Fair Value	2,636	2,588
Total Securities	270,881	207,095
Loans Held for Sale	428	0
Loans, Net of Allowance for Credit Losses of $9,479 and $9,707 at September 30, 2024 and December 31, 2023, Respectively	1,056,276	1,100,689
Premises and Equipment, Net	20,838	19,704
Bank-Owned Life Insurance	24,057	25,378
Goodwill	9,732	9,732
Intangible Assets, Net	88	958
Accrued Interest Receivable and Other Assets	32,116	24,312
TOTAL ASSETS	1,561,741	1,456,091
Deposits:
Noninterest-Bearing Demand Accounts	267,022	277,747
Interest-Bearing Demand Accounts	326,505	362,994
Money Market Accounts	220,789	201,074
Savings Accounts	172,354	194,703
Time Deposits	367,150	230,641
Total Deposits	1,353,820	1,267,159
Other Borrowings	34,708	34,678
Accrued Interest Payable and Other Liabilities	24,073	14,420
TOTAL LIABILITIES	1,412,601	1,316,257
STOCKHOLDERS' EQUITY
Preferred Stock, No Par Value; 5,000,000 Shares Authorized	0	0
Common Stock, $0.4167 Par Value; 35,000,000 Shares Authorized, 5,789,438 Shares Issued and 5,129,921 Shares Outstanding at September 30, 2024, with 5,759,378 and 5,118,713 Shares Issued and Outstanding at December 31, 2023.	2,413	2,400
Capital Surplus	86,072	85,334
Retained Earnings	89,607	83,392
Treasury Stock, at Cost (659,517 and 640,665 Shares at September 30, 2024 and December 31, 2023, Respectively)	(15,042)	(14,545)
Accumulated Other Comprehensive Loss	(13,910)	(16,747)
TOTAL STOCKHOLDERS' EQUITY	149,140	139,834
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,561,741	$ 1,456,091

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for Credit Losses	$ 9,479	$ 9,707
Preferred Stock, Shares Authorized (in shares)	5,000,000	5,000,000
Common Stock, Par Value (in dollars per share)	$ 0.4167	$ 0.4167
Common Stock, Shares Authorized (in shares)	35,000,000	35,000,000
Common Stock, Shares Issued (in shares)	5,789,438	5,759,378
Common Stock, Shares Outstanding (in shares)	5,129,921	5,118,713
Treasury Stock, at Cost (in shares)	659,517	640,665

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
INTEREST AND DIVIDEND INCOME
Loans, Including Fees	$ 14,945	$ 14,049	$ 44,453	$ 39,846
Investment Securities:
Taxable	3,289	940	8,437	2,853
Tax-Exempt	0	41	0	124
Dividends	28	25	82	74
Other Interest and Dividend Income	1,511	819	3,727	2,424
TOTAL INTEREST AND DIVIDEND INCOME	19,773	15,874	56,699	45,321
INTEREST EXPENSE
Deposits	7,892	4,750	20,948	11,097
Short-Term Borrowings	0	0	0	5
Other Borrowings	407	407	1,215	800
TOTAL INTEREST EXPENSE	8,299	5,157	22,163	11,902
NET INTEREST AND DIVIDEND INCOME	11,474	10,717	34,536	33,419
NET INTEREST AND DIVIDEND INCOME AFTER NET (RECOVERY) PROVISION FOR CREDIT LOSSES	11,515	10,311	34,650	32,502
NONINTEREST INCOME
Net Gain (Loss) on Sales of Loans	18	0	49	(3)
Net Gain (Loss) on Securities	245	(37)	49	(369)
Net Gain on Purchased Tax Credits	12	7	37	22
Gain on Sale of Subsidiary	138	0	138	0
Net Gain on Disposal of Premises and Equipment	0	0	274	11
Income from Bank-Owned Life Insurance	147	145	442	425
Net Gain on Bank-Owned Life Insurance Claims	0	0	915	303
Other Income	117	301	523	413
TOTAL NONINTEREST INCOME	1,233	2,412	3,839	7,493
NONINTEREST EXPENSE
Salaries and Employee Benefits	4,561	5,369	13,563	15,679
Occupancy	755	698	2,444	2,188
Equipment	280	265	842	766
Data Processing	772	714	2,476	2,289
Federal Deposit Insurance Corporation Assessment	177	189	467	565
Pennsylvania Shares Tax	265	217	860	672
Contracted Services	431	286	1,102	868
Legal and Professional Fees	297	320	717	748
Advertising	141	114	348	268
Other Real Estate Owned (Income)	2	(8)	16	(80)
Amortization of Intangible Assets	264	445	870	1,336
Other Expense	837	878	2,492	2,718
TOTAL NONINTEREST EXPENSE	8,782	9,487	26,197	28,017
Income Before Income Tax Expense	3,966	3,236	12,292	11,978
Income Tax Expense	747	564	2,227	2,392
NET INCOME	$ 3,219	$ 2,672	$ 10,065	$ 9,586
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.63	$ 0.52	$ 1.96	$ 1.88
Diluted (in dollars per share)	$ 0.60	$ 0.52	$ 1.89	$ 1.87
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	5,137,586	5,115,026	5,136,546	5,112,223
Diluted (in shares)	5,346,750	5,126,546	5,328,610	5,118,279
Loans
INTEREST EXPENSE
(Recovery) Provision for Credit Losses - Loans	$ 25	$ 291	$ (105)	$ 863
Unfunded Commitments
INTEREST EXPENSE
(Recovery) Provision for Credit Losses - Loans	(66)	115	(9)	54
Service Fees
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	451	466	1,220	1,359
Insurance Commissions
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	1	1,436	4	4,870
Other Commissions
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	$ 104	$ 94	$ 188	$ 462

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 3,219	$ 2,672	$ 10,065	$ 9,586
Other Comprehensive Income (Loss):
Change in Unrealized Gain (Loss) on Investment Securities Available-for-Sale	5,644	(4,248)	3,672	(4,372)
Income Tax Effect	(1,203)	916	(835)	942
Other Comprehensive Income (Loss), Net of Income Tax Effect	4,441	(3,332)	2,837	(3,430)
Total Comprehensive Income (Loss)	$ 7,660	$ (660)	$ 12,902	$ 6,156

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Capital Surplus	Capital Surplus Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Treasury Stock	Treasury Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2022				5,708,433	5,708,433
Beginning balance at Dec. 31, 2022	$ 110,155	$ 2,092	$ 112,247	$ 2,379	$ 2,379	$ 83,953	$ 83,953	$ 63,861	$ 2,092	$ 65,953	$ (13,797)	$ (13,797)	$ (26,241)	$ (26,241)
Comprehensive Income (Loss):
Net Income	9,586							9,586
Other Comprehensive Income (Loss)	(3,430)												(3,430)
Restricted Stock Awards Granted (in shares)				33,975
Restricted Stock Awards Granted	0			$ 14		(14)
Restricted Stock Awards Forfeited	0					21					(21)
Stock-Based Compensation Expense	557					557
Exercise of Stock Options	45										45
Treasury stock purchased, at cost	(327)										(327)
Dividends Paid	(3,832)							(3,832)
Ending balance (in shares) at Sep. 30, 2023				5,742,408
Ending balance at Sep. 30, 2023	114,846			$ 2,393		84,517		71,707			(14,100)		(29,671)
Beginning balance (in shares) at Jun. 30, 2023				5,733,408
Beginning balance at Jun. 30, 2023	116,589			$ 2,389		84,325		70,314			(14,100)		(26,339)
Comprehensive Income (Loss):
Net Income	2,672							2,672
Other Comprehensive Income (Loss)	(3,332)												(3,332)
Restricted Stock Awards Granted (in shares)				9,000
Restricted Stock Awards Granted	0			$ 4		(4)
Stock-Based Compensation Expense	196					196
Dividends Paid	(1,279)							(1,279)
Ending balance (in shares) at Sep. 30, 2023				5,742,408
Ending balance at Sep. 30, 2023	114,846			$ 2,393		84,517		71,707			(14,100)		(29,671)
Beginning balance (in shares) at Dec. 31, 2023				5,759,378
Beginning balance at Dec. 31, 2023	139,834			$ 2,400		85,334		83,392			(14,545)		(16,747)
Comprehensive Income (Loss):
Net Income	10,065							10,065
Other Comprehensive Income (Loss)	2,837												2,837
Restricted Stock Awards Granted (in shares)				25,410
Restricted Stock Awards Granted	0			$ 11		(11)
Restricted Stock Awards Forfeited (in shares)				(1,200)
Restricted Stock Awards Forfeited	0			$ (1)		19					(18)
Stock-Based Compensation Expense	$ 591					591
Exercise of Stock Options (in shares)	6,230			5,850
Exercise of Stock Options	$ (6)			$ 3		139					(148)
Treasury stock purchased, at cost	(331)										(331)
Dividends Paid	(3,850)							(3,850)
Ending balance (in shares) at Sep. 30, 2024				5,789,438
Ending balance at Sep. 30, 2024	149,140			$ 2,413		86,072		89,607			(15,042)		(13,910)
Beginning balance (in shares) at Jun. 30, 2024				5,783,588
Beginning balance at Jun. 30, 2024	142,882			$ 2,410		85,718		87,673			(14,568)		(18,351)
Comprehensive Income (Loss):
Net Income	3,219							3,219
Other Comprehensive Income (Loss)	4,441												4,441
Stock-Based Compensation Expense	215					215
Exercise of Stock Options (in shares)				5,850
Exercise of Stock Options	(6)			$ 3		139					(148)
Treasury stock purchased, at cost	(326)										(326)
Dividends Paid	(1,285)							(1,285)
Ending balance (in shares) at Sep. 30, 2024				5,789,438
Ending balance at Sep. 30, 2024	$ 149,140			$ 2,413		$ 86,072		$ 89,607			$ (15,042)		$ (13,910)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible Enumeration]					Adoption of Accounting Standard ASU 2016-13
Purchase of common stock (in shares)	18,220		18,442	14,478
Dividends paid, per share (in dollars per share)	$ 0.25	$ 0.25	$ 0.75	$ 0.75

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net Income	$ 10,065	$ 9,586
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities
Net (Accretion) Amortization on Securities	(564)	56
Depreciation and Amortization	1,973	2,133
(Gain) Loss on Securities	(49)	369
Gain on Purchased Tax Credits	(37)	(22)
Income from Bank-Owned Life Insurance	(442)	(425)
Gain on Bank-Owned Life Insurance Death Benefit Claims	(915)	0
Proceeds From Mortgage Loans Sold	3,696	269
Originations of Mortgage Loans for Sale	(4,075)	(266)
(Gain) Loss on Sale of Loans	(49)	3
Loss (Gain) on Sale of Other Real Estate Owned and Repossessed Assets	30	(13)
Noncash Expense for Stock-Based Compensation	591	557
Increase in Accrued Interest Receivable	(1,160)	(600)
Valuation adjustment on real estate owned	0	119
Gain on Disposal of Premises and Equipment	(274)	(11)
Increase in Deferred Income Tax	1,035	0
Decrease in Taxes Payable	(4,314)	(632)
Increase in Accrued Interest Payable	1,364	1,390
Other, Net	(1,600)	4,236
NET CASH PROVIDED BY OPERATING ACTIVITIES	5,161	17,666
Investment Securities Available for Sale:
Proceeds From Principal Repayments and Maturities	10,722	12,357
Purchases of Securities	(70,224)	0
Net Decrease (Increase) in Loans	50,551	(55,546)
Purchase of Premises and Equipment	(3,045)	(1,594)
Proceeds from Disposal of Premises and Equipment	988	46
Proceeds From a Claim on Bank-Owned Life Insurance	2,678	731
Investment in Low Income Housing Tax Credit	(604)	0
Proceeds From Sale of Other Real Estate Owned	132	142
Decrease (Increase) in Restricted Equity Securities	269	(517)
NET CASH USED IN INVESTING ACTIVITIES	(8,533)	(44,381)
FINANCING ACTIVITIES
Net Increase (Decrease) in Deposits	86,661	(32,214)
Net Decrease in Short-Term Borrowings	0	(8,060)
Proceeds From Other Borrowed Funds	0	20,000
Cash Dividends Paid	(3,850)	(3,832)
Treasury Stock, Purchases at Cost	(331)	(327)
Exercise of Stock Options	(6)	45
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	82,474	(24,388)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	79,102	(51,103)
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR	68,223	103,700
CASH AND DUE FROM BANKS AT END OF PERIOD	147,325	52,597
Cash Paid For:
Interest on Deposits and Borrowings (Including Interest Credited to Deposits of $19,726 and $9,923, Respectively)	20,799	10,511
Income Taxes	6,372	2,570
SUPPLEMENTAL NONCASH DISCLOSURE:
Other Real Estate Acquired in Settlement of Loans	150	248
Syndicated Loans Purchased and Sold Not Settled, net	6,000	(1,967)
Right of Use Asset Recognized	1,419	0
Unfunded Commitment in Low Income Housing Tax Credit	5,396	0
Loans
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities
(Recovery) Provision for Credit Losses - Loans	(105)	863
Unfunded Commitments
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities
(Recovery) Provision for Credit Losses - Loans	$ (9)	$ 54

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Cash Flows [Abstract]
Interest credit to deposit accounts	$ 19,726	$ 9,923

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters”). CB Financial, the Bank and Exchange Underwriters are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with general practice within the banking industry. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading in any material respect. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statements of Financial Condition and income and expenses for the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for credit losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, impairment evaluations of securities, goodwill and intangible assets impairment, and the valuation of deferred tax assets. In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Interim results are not necessarily indicative of results for a full year. Nature of Operations The Company derives substantially all its income from banking and bank-related services which include interest income on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest and dividend income on securities, insurance commissions, and fees generated from deposit services to its customers. The Company provides banking services through its subsidiary, Community Bank, a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank is a community-oriented institution offering residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. The Bank operates nine offices in Greene, Allegheny, Washington, Fayette and Westmoreland Counties in southwestern Pennsylvania, and three offices in Marshall and Ohio Counties in West Virginia. On December 1, 2023, the Company announced that the Bank and EU entered into an Asset Purchase Agreement with World Insurance Associates, LLC ("World") pursuant to which EU sold substantially all of its assets to World for a purchase price of $30.5 million cash plus possible additional earn-out payments. The sale of assets was completed December 8, 2023, and resulted in a pre-tax gain of $24.6 million. This transaction did not meet the criteria for discontinued operations reporting. Critical Accounting Policies; Use of Critical Accounting Estimates The disclosures below supplement the accounting policies disclosed in Note 1 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC. Allowance for Credit Losses (ACL) On January 1, 2023, the Company adopted ASU 2016-13, which replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss methodology. The Company adopted ASU 2016-13 using a modified retrospective approach. Results for reporting periods beginning after January 1, 2023 are presented under Topic 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. The adoption resulted in a decrease of $3.4 million to the Company’s ACL related to loans receivable (ACL - Loans) and an increase of $718,000 in ACL for unfunded commitments (ACL - Unfunded Commitments). The net impact resulted in a $2.1 million increase to retained earnings, net of deferred taxes. The ACL represents the estimated amount considered necessary to cover lifetime expected credit losses inherent in financial assets at the balance sheet date. The measurement of expected credit losses is applicable to loans receivable and securities measured at amortized cost. It also applies to off-balance sheet credit exposures such as loan commitments and unused lines of credit. The allowance is established through a provision for credit losses that is charged against income. The methodology for determining the allowance for credit losses is considered a critical accounting policy by management because of the high degree of judgment involved, the subjectivity of the assumptions used, and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded ACL. The ACL is reported separately as a contra-asset account on the Consolidated Statement of Financial Condition. The expected credit loss for unfunded loan commitments is reported on the Consolidated Statement of Financial Condition in other liabilities while the provision for credit losses related to unfunded commitments is reported in provision for credit losses - unfunded commitments in the Consolidated Statements of Income. ACL on Loans Receivable The ACL on loans is deducted from the amortized cost basis of the loan to present the net amount expected to be collected. Expected losses are evaluated and calculated on a collective, or pooled, basis for those loans which share similar risk characteristics. At each reporting period, the Company evaluates whether loans within a pool continue to exhibit similar risk characteristics. If the risk characteristics of a loan change, such that they are no longer similar to other loans in the pool, the Company will evaluate the loan with a different pool of loans that share similar risk characteristics. If the loan does not share risk characteristics with other loans, the Company will evaluate the loan on an individual basis. The Company evaluates the pooling methodology at least annually. Loans are charged off against the ACL when the Company believes the balances to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged off or expected to be charged off. The Company has chosen to segment its portfolio consistent with the manner in which it manages credit risk. Such segments include residential mortgage, commercial real estate mortgages, construction, commercial business, consumer and other. For most segments, the Company calculates estimated credit losses using a probability of default and loss given default methodology, the results of which are applied to the aggregated discounted cash flow of each individual loan within the segment. The point in time probability of default and loss given default are then conditioned by macroeconomic scenarios to incorporate reasonable and supportable forecasts that affect the collectability of the reported amount. The Company estimates the ACL on loans via a quantitative analysis which considers relevant available information from internal and external sources related to past events and current conditions, as well as the incorporation of reasonable and supportable forecasts. The Company evaluates a variety of factors including third party economic forecasts, industry trends and other available published economic information in arriving at its forecasts. After the reasonable and supportable forecast period, the Company reverts, on a straight-line basis, to average historical losses. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a restructuring will be executed with an individual borrower or the renewal option is included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Also included in the ACL on loans are qualitative reserves to cover losses that are expected but, in the Company’s assessment, may not be adequately represented in the quantitative analysis or the forecasts described above. Factors that the Company considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and non-accrual loans, and the effect of external factors such as competition, legal and regulatory requirements, among others. Furthermore, the Company considers the inherent uncertainty in quantitative models that are built upon historical data. Individually Evaluated Loans On a case-by-case basis, the Company may conclude that a loan should be evaluated on an individual basis based on its disparate risk characteristics. When the Company determines that a loan no longer shares similar risk characteristics with other loans in the portfolio, the allowance will be determined on an individual basis using the present value of expected cash flows or, for collateral-dependent loans, the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will charge off the difference between the fair value of the collateral, less estimated costs to sell at the reporting date, and the amortized cost basis of the loan. ACL on Off-Balance Sheet Unfunded Commitments The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancellable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. To determine the expected funding rate, the Company uses a historical utilization rate for each segment. As noted above, the ACL on unfunded loan commitments is included in other liabilities on the Consolidated Statement of Financial Condition and the related credit expense is recorded in provision for credit losses - unfunded commitments in the Consolidated Statements of Income. ACL on Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For securities available-for-sale that do not meet the above criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating by a rating agency, and adverse conditions related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income (loss), net of tax. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major agencies and have a long history of no credit losses. Changes in the ACL are recorded as provision for, or reversal of, credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available for sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued Interest Receivable The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of loans and available for sale securities. Accrued interest receivable on loans is reported as a component of accrued interest receivable and other assets on the Consolidated Statement of Financial Condition, totaled $4.0 million at September 30, 2024 and $4.1 million at December 31, 2023 and is excluded from the estimate of credit losses. Accrued interest receivable on available of sale securities, also a component of accrued interest receivable and other assets on the Consolidated Statement of Financial Condition, totaled $2.2 million at September 30, 2024 and $947,000 at December 31, 2023 and is excluded from the estimate of credit losses. Recent Accounting Standards In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 that extends the period of time preparers can utilize the reference rate reform relief guidance. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, as amended. This ASU provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Inter-bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. The elective guidance in the ASU applies to modifications of contract terms that will directly replace, or have the potential to replace, an affected rate with another interest rate index, as well as certain contemporaneous modifications of other contract terms related to the replacement of an affected rate. The ASU notes that changes in contract terms that are made to effect the reference rate reform transition are considered related to the replacement of a reference rate if they are not the result of a business decision that is separate from or in addition to changes to the terms of a contract to effect that transition. The optional expedient allows companies to account for the modification as if it was not substantial (i.e., do not treat as an extinguishment of debt). To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. For all entities, the amendments in ASU 2022-06 are effective upon issuance. As of September 30, 2024, the Company does not have any instruments tied to the LIBOR reference rate. The adoption of this guidance is not expected to have a material effect on the Company's consolidated statements of financial condition and results of operations. In March 2023, the FASB issued ASU 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. This ASU expanded the use of the proportional amortization method of accounting - previously allowed only for investments in low-income housing tax credit structures - to equity investments in other tax credit structures that meet certain criteria. Common tax credit programs that investors access via tax equity structures and that may now be eligible for application of the proportional amortization method include: new markets tax credits, historic rehabilitation tax credit programs and renewable energy tax credit programs. This ASU took effect in reporting periods beginning after December 15, 2023, with early adoption permitted. The adoption of this ASU on January 1, 2024, did not have a material impact on the Company's consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting - Improvements to Reportable Segment Disclosures (Topic 820), to improve reportable segment disclosures by requiring public entities to disclose significant expense categories and amounts for each reportable segment, where significant expense categories are defined as those that are regularly reported to an entity's chief operating decision-maker and included in a segment's reported measures of profit or loss. For public companies, the requirements will become effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The adoption of this ASU is not expected to have a material effect on the Company's consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires that public entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. The ASU requires all entities to disclose on an annual basis (1) the amount of income taxes paid, disaggregated by federal, state and foreign taxes and (2) the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal or greater than five percent of total income taxes paid. The ASU also requires that all entities disclose (1) income (loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic or foreign and (2) income tax expense (or benefit) from continuing operations disaggregated by federal (national), state and foreign. This ASU is effective for public entities for annual periods beginning after December 15, 2024. The Company does not expect the adoption of the ASU to have a material effect on the Company's consolidated statements of financial condition and results of operations.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Pe r Share There are no convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, net income as presented on the Consolidated Statements of Income is used as the numerator. The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (Dollars in thousands, except share and per share data) Net Income $ 3,219 $ 2,672 $ 10,065 $ 9,586 Weighted-Average Basic Common Shares Outstanding 5,137,586 5,115,026 5,136,546 5,112,223 Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock) 209,164 11,520 192,064 6,056 Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding 5,346,750 5,126,546 5,328,610 5,118,279 Earnings Per Share: Basic $ 0.63 $ 0.52 $ 1.96 $ 1.88 Diluted 0.60 0.52 1.89 1.87 The dilutive effect on weighted average diluted common shares outstanding is the result of outstanding stock options and nonvested restricted stock. The following table presents for the periods indicated (a) options to purchase shares of common stock that were outstanding but not included in the computation of earnings per share because the options’ exercise price was greater than the average market price of the common shares for the period, and (b) shares of restricted stock awards that were not included in the computation of diluted earnings per share because the hypothetical repurchase of shares under the treasury stock method exceeded the weighted average nonvested restricted awards, therefore the effects would be anti-dilutive. Three Months Ended Nine Months Ended 2024 2023 2024 2023 Stock Options 275,208 339,123 292,308 339,123 Restricted Stock — 25,352 — 60,727

Securities

Securities	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The following table presents the amortized cost and fair value of securities available-for-sale at the dates indicated: September 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Available-for-Sale Debt Securities: U.S. Government Agencies $ 4,996 $ — $ (874) $ 4,122 Obligations of States and Political Subdivisions 3,492 18 (37) 3,473 Mortgage-Backed Securities - Government-Sponsored Enterprises 54,676 826 (2,525) 52,977 Collateralized Mortgage Obligations - Government-Sponsored Enterprises 113,518 334 (13,617) 100,235 Collateralized Loan Obligations 99,758 41 (226) 99,573 Corporate Debt 9,480 — (1,615) 7,865 Total Available-for-Sale Debt Securities 285,920 1,219 (18,894) 268,245 Equity Securities: Mutual Funds 906 Other 1,730 Total Equity Securities 2,636 Total Securities $ 270,881 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Available-for-Sale Debt Securities: U.S. Government Agencies $ 4,995 $ — $ (1,046) $ 3,949 Obligations of States and Political Subdivisions 3,481 5 (113) 3,373 Mortgage-Backed Securities - Government-Sponsored Enterprises 57,377 141 (2,986) 54,532 Collateralized Mortgage Obligations - Government-Sponsored Enterprises 120,655 227 (15,752) 105,130 Collateralized Loan Obligations 29,862 — (58) 29,804 Corporate Debt 9,484 — (1,765) 7,719 Total Available-for-Sale Debt Securities 225,854 373 (21,720) 204,507 Equity Securities: Mutual Funds 888 Other 1,700 Total Equity Securities 2,588 Total Securities $ 207,095 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at the dates indicated: September 30, 2024 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses (Dollars in thousands) U.S. Government Agencies — $ — $ — 1 $ 4,122 $ (874) 1 $ 4,122 $ (874) Obligations of States and Political Subdivisions — — — 5 2,373 (37) 5 2,373 (37) Mortgage Backed Securities- Government-Sponsored Enterprises — — — 8 16,127 (2,525) 8 16,127 (2,525) Collateralized Mortgage Obligations - Government-Sponsored Enterprises 1 8,469 (50) 21 67,645 (13,567) 22 76,114 (13,617) Collateralized Loan Obligations 10 68,851 (226) — — — 10 68,851 (226) Corporate Debt — — — 3 7,865 (1,615) 3 7,865 (1,615) Total 11 $ 77,320 $ (276) 38 $ 98,132 $ (18,618) 49 $ 175,452 $ (18,894) December 31, 2023 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses (Dollars in thousands) U.S. Government Agencies — $ — $ — 1 $ 3,949 $ (1,046) 1 $ 3,949 $ (1,046) Obligations of States and Political Subdivisions — — — 6 2,823 (113) 6 2,823 (113) Mortgage Backed Securities- Government-Sponsored Enterprises — — — 8 17,135 (2,986) 8 17,135 (2,986) Collateralized Mortgage Obligations - Government-Sponsored Enterprises 1 5,603 (29) 21 71,796 (15,723) 22 77,399 (15,752) Collateralized Loan Obligations 1 2,910 (58) — — — 1 2,910 (58) Corporate Debt — — — 3 7,719 (1,765) 3 7,719 (1,765) Total 2 $ 8,513 $ (87) 39 $ 103,422 $ (21,633) 41 $ 111,935 $ (21,720) For debt securities, the Company does not believe that any individual unrealized loss as of September 30, 2024 or December 31, 2023, represents a credit related impairment. The Company performs a review of the entire securities portfolio on a quarterly basis to identify securities that may indicate a credit related impairment. The unrealized losses on securities at September 30, 2024 and December 31, 2023 relate principally to changes in market interest rates subsequent to the acquisition of the specific securities. The Company does not intend to sell, and it is more likely than not that it will be required to sell any of the securities in an unrealized loss position before recovery of its amortized cost or maturity of the security. Total securities available to be pledged have a fair value of $260.3 million at September 30, 2024 and $196.8 million at December 31, 2023 of which securities with a fair value of $175.1 million and $157.3 million at September 30, 2024 and December 31, 2023, respectively, were pledged to secure uninsured public deposits, borrowings or for other purposes as required or permitted by law. The scheduled maturities of securities available-for-sale are summarized as follows. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities, collateralized mortgage obligations and collateralized loan obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis. September 30, 2024 Amortized Cost Fair Value (Dollars in thousands) Due in One Year or Less $ — $ — Due after One Year through Five Years 736 732 Due after Five Years through Ten Years 53,033 51,595 Due after Ten Years 232,151 215,918 Total $ 285,920 $ 268,245 The following table presents the gain and loss on equity securities from both realized sales and unrealized market adjustments for the periods indicated. There was no realized gain or loss on sales of debt securities for the periods indicated. All gains and losses presented in the table below are reported in Net Gain (Loss) on Securities on the Consolidated Statements of Income. Three Months Ended Nine Months Ended 2024 2023 2024 2023 (Dollars in thousands) Equity Securities Net Unrealized Gain (Loss) Recognized on Securities Held $ 245 $ (37) $ 49 $ (369) Net Realized Gain Recognized on Securities Sold — — — — Net Gain (Loss) on Equity Securities $ 245 $ (37) $ 49 $ (369) Net Gain (Loss) on Securities $ 245 $ (37) $ 49 $ (369)

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Loans and Allowance for Credit Losses	Loans and Allowance for Credit Losses The Company’s loan portfolio is segmented to enable management to monitor risk and performance. Real estate loans are further segregated into three classes. Residential mortgages include those secured by residential properties and include home equity loans, while commercial mortgages consist of loans to commercial borrowers secured by commercial real estate. Construction loans typically consist of loans to build commercial buildings and acquire and develop residential real estate. The commercial and industrial segment consists of loans to finance the activities of commercial customers. The consumer segment consists primarily of indirect auto loans as well as personal installment loans and personal or overdraft lines of credit. Residential mortgage loans are typically longer-term loans and, therefore, generally present greater interest rate risk than the consumer and commercial loans. Under certain economic conditions, housing values may decline, which may increase the risk that the collateral values are not sufficient. Commercial real estate loans generally present a higher level of credit risk than loans secured by residences. This greater risk is due to several factors, including the concentration of principal in a limited number of loans and borrowers, the effect of general economic conditions on income-producing properties, and the increased difficulty in evaluating and monitoring these types of loans. Furthermore, the repayment of commercial real estate loans is typically dependent upon the successful operation of the related real estate project. If the cash flow from the project is reduced (for example, if leases are not obtained or renewed, a bankruptcy court modifies a lease term, or a major tenant is unable to fulfill its lease obligations), the borrower’s ability to repay the loan may be impaired. Construction loans are originated to individuals to finance the construction of residential dwellings and are also originated for the construction of commercial properties, including hotels, apartment buildings, housing developments, and owner-occupied properties used for businesses. Construction loans generally provide for the payment of interest only during the construction phase, which is usually 12 to 18 months. At the end of the construction phase, the loan generally converts to a permanent residential or commercial mortgage loan. Construction loan risks include overfunding in comparison to the plans, untimely completion of work, and leasing and stabilization after project completion. Commercial and industrial loans are generally secured by inventories, accounts receivable, and other business assets, which present collateral risk. Consumer loans generally have higher interest rates and shorter terms than residential mortgage loans; however, they have additional credit risk due to the type of collateral securing the loan. The following table presents the classifications of loans as of the dates indicated: September 30, 2024 December 31, 2023 (Dollars in thousands) Real Estate: Residential $ 338,926 $ 347,808 Commercial 464,354 467,154 Construction 43,515 43,116 Commercial and Industrial 108,554 111,278 Consumer 80,004 111,643 Other 30,402 29,397 Total Loans 1,065,755 1,110,396 Allowance for Credit Losses (9,479) (9,707) Loans, Net $ 1,056,276 $ 1,100,689 Total unamortized net deferred loan fees were $714,000 and $1.0 million at September 30, 2024 and December 31, 2023, respectively. The Company uses a nine-point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first five categories are not considered criticized and are aggregated as “pass” rated. The criticized rating categories used by management generally follow bank regulatory definitions. The special mention category includes assets that are currently protected but are below average quality, resulting in an undue credit risk, but not to the point of justifying a substandard classification. Loans in the substandard category have well-defined weaknesses that jeopardize the liquidation of the debt and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. Loans classified as doubtful have all the weaknesses inherent in loans classified as substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as loss are considered uncollectible and of such little value that continuance as an asset is not warranted. The following tables present the Company’s loans by year of origination, loan segmentation and risk indicator summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. There were no loans in the criticized category of Loss. Classified Loans by Origination Year (as of September 30, 2024) (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Real Estate: Residential Pass $ 12,708 $ 33,695 $ 48,771 $ 42,753 $ 55,615 $ 125,276 $ 17,625 $ 336,443 Special Mention — — 1,009 — — — — 1,009 Substandard — — — — — 1,474 — 1,474 Doubtful — — — — — — — — Loss — — — — — — — — Total 12,708 33,695 49,780 42,753 55,615 126,750 17,625 338,926 Commercial Pass 32,514 53,022 68,152 83,744 46,497 147,497 2,729 434,155 Special Mention 5,718 1,167 3,479 4,541 283 7,191 — 22,379 Substandard — — 301 — 2,102 5,417 — 7,820 Doubtful — — — — — — — — Loss — — — — — — — — Total 38,232 54,189 71,932 88,285 48,882 160,105 2,729 464,354 Construction Pass 2,220 16,251 14,165 144 — — — 32,780 Special Mention — 3,585 — 269 6,881 — — 10,735 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 2,220 19,836 14,165 413 6,881 — — 43,515 Commercial and Industrial Pass 33,510 25,975 13,012 5,776 4,613 4,887 17,476 105,249 Special Mention — — — — — 3,305 — 3,305 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 33,510 25,975 13,012 5,776 4,613 8,192 17,476 108,554 Consumer Pass 679 9,992 36,061 17,232 6,124 4,423 5,352 79,863 Special Mention — — — — — — — — Substandard — — — 21 21 99 — 141 Doubtful — — — — — — — — Loss — — — — — — — — Total 679 9,992 36,061 17,253 6,145 4,522 5,352 80,004 Other Pass — 4,042 19,014 30 593 4,652 558 28,889 Special Mention — — 1,513 — — — — 1,513 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total — 4,042 20,527 30 593 4,652 558 30,402 Total Loans $ 87,349 $ 147,729 $ 205,477 $ 154,510 $ 122,729 $ 304,221 $ 43,740 $ 1,065,755 Gross Charge Offs $ — $ 26 $ 182 $ 36 $ 36 $ 24 $ 73 $ 377 Classified Loans by Origination Year (as of December 31, 2023) (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Real Estate: Residential Pass $ 33,579 $ 49,903 $ 44,749 $ 58,344 $ 38,008 $ 104,931 $ 14,932 $ 344,446 Special Mention — 1,034 507 — — 345 — 1,886 Substandard — — — — — 1,476 — 1,476 Doubtful — — — — — — — — Loss — — — — — — — — Total 33,579 50,937 45,256 58,344 38,008 106,752 14,932 347,808 Commercial Pass 56,466 72,006 85,285 49,356 49,442 112,749 2,017 427,321 Special Mention 1,206 5,485 9,030 2,445 2,730 10,281 — 31,177 Substandard — — — — 2,717 5,939 — 8,656 Doubtful — — — — — — — — Loss — — — — — — — — Total 57,672 77,491 94,315 51,801 54,889 128,969 2,017 467,154 Construction Pass 13,322 12,469 2,932 540 — — — 29,263 Special Mention 4,489 2,153 663 6,548 — — — 13,853 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 17,811 14,622 3,595 7,088 — — — 43,116 Commercial and Industrial Pass 31,609 16,334 8,652 5,556 3,366 2,875 32,172 100,564 Special Mention — — — 12 — 3,215 3,250 6,477 Substandard — — — — — 4,237 — 4,237 Doubtful — — — — — — — — Loss — — — — — — — — Total 31,609 16,334 8,652 5,568 3,366 10,327 35,422 111,278 Consumer Pass 12,726 49,027 25,528 10,365 3,786 4,715 5,408 111,555 Special Mention — — — — — — — — Substandard — — — 24 — 64 — 88 Doubtful — — — — — — — — Loss — — — — — — — — Total 12,726 49,027 25,528 10,389 3,786 4,779 5,408 111,643 Other Pass 4,047 17,248 41 646 1,278 3,701 851 27,812 Special Mention — 1,585 — — — — — 1,585 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 4,047 18,833 41 646 1,278 3,701 851 29,397 Total Loans $ 157,444 $ 227,244 $ 177,387 $ 133,836 $ 101,327 $ 254,528 $ 58,630 $ 1,110,396 Gross Charge Offs $ — $ 163 $ 44 $ 18 $ 2 $ 314 $ 48 $ 589 The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated: September 30, 2024 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans (Dollars in Thousands) Real Estate: Residential $ 334,928 $ 2,145 $ 567 $ — $ 2,712 $ 1,286 $ 338,926 Commercial 458,865 4,869 — — 4,869 620 464,354 Construction 43,515 — — — — — 43,515 Commercial and Industrial 108,554 — — — — — 108,554 Consumer 78,995 842 26 — 868 141 80,004 Other 30,402 — — — — — 30,402 Total Loans $ 1,055,259 $ 7,856 $ 593 $ — $ 8,449 $ 2,047 $ 1,065,755 December 31, 2023 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans (Dollars in Thousands) Real Estate: Residential $ 342,852 $ 3,339 $ 141 $ — $ 3,480 $ 1,476 $ 347,808 Commercial 466,794 — — — — 360 467,154 Construction 43,116 — — — — — 43,116 Commercial and Industrial 110,905 57 — — 57 316 111,278 Consumer 110,459 1,010 86 — 1,096 88 111,643 Other 29,397 — — — — — 29,397 Total Loans $ 1,103,523 $ 4,406 $ 227 $ — $ 4,633 $ 2,240 $ 1,110,396 Additional interest income that would have been recorded if the loans that were nonaccrual at September 30, 2024 were current was $16,000 and $58,000 for the three and nine months ended September 30, 2024, respectively, and $41,000 and $127,000 for the three and nine months ended September 30, 2023, respectively. The following table sets forth the amounts for amortized cost basis of loans on nonaccrual status, loans past due 90 days still accruing, and categories of nonperforming assets at the date indicated. September 30, 2024 Nonaccrual With No ACL Nonaccrual With ACL Loans Past Due 90 Days Still Accruing Total Nonperforming Assets (Dollars in Thousands) Nonaccrual Loans: Real Estate: Residential $ 1,286 $ — $ — $ 1,286 Commercial 620 — — 620 Construction — — — — Commercial and Industrial — — — — Consumer 141 — — 141 Total Nonaccrual Loans $ 2,047 $ — $ — 2,047 Other Real Estate Owned: Residential 150 Commercial — Total Other Real Estate Owned 150 Total Nonperforming Assets $ 2,197 December 31, 2023 Nonaccrual With No ACL Nonaccrual With ACL Loans Past Due 90 Days Still Accruing Total Nonperforming Assets (Dollars in Thousands) Nonaccrual Loans: Real Estate: Residential $ 1,476 $ — $ — $ 1,476 Commercial 360 — — 360 Commercial and Industrial 316 — — 316 Consumer 88 — — 88 Total Nonaccrual Loans $ 2,240 $ — $ — 2,240 Other Real Estate Owned: Residential 162 Commercial — Total Other Real Estate Owned 162 Total Nonperforming Assets $ 2,402 No interest income on nonaccrual loans was recognized during the three and nine months ended September 30, 2024 and September 30, 2023. All modifications and refinancing, including those with borrowers that are experiencing financial difficulty are subject to the modification guidance in ASC 310-20. Loan modifications could meet the definition of a new loan if certain terms of the loan are modified to the benefit of the lender and the modification to the terms of the loan are more than minor. Both of these criteria have to be met to define the modification as a new loan. If a loan modification meets the criteria of new loan, then the new loan should include the remaining net investment in the original loan, additional funds advanced, fees received, and direct loan origination costs with the refinancing or restructuring. Additionally, the effective interest rate should be recalculated based on the amortized cost basis of the new loan and a reassessment of contractual cash flow. For the three and nine months ended September 30, 2024 and September 30, 2023, there were no new loan modifications to borrowers experiencing financial difficulty. The recorded investment of residential real estate loans for which formal foreclosure proceedings were in process according to applicable requirements of the local jurisdiction was $1.3 million and $907,000 at September 30, 2024 and December 31, 2023, respectively. The activity in the ACL - Loans is summarized below by primary segments for the periods indicated: Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total (Dollars in thousands) June 30, 2024 $ 2,844 $ 3,082 $ 744 $ 1,485 $ 1,131 $ 241 $ 9,527 Charge-offs — — — — (159) — (159) Recoveries — — — 45 41 — 86 (Recovery) Provision for Credit Losses - Loans (226) 621 (51) (248) (90) 19 25 September 30, 2024 $ 2,618 $ 3,703 $ 693 $ 1,282 $ 923 $ 260 $ 9,479 Real Real Real Commercial Consumer Other Total (Dollars in thousands) June 30, 2023 $ 2,356 $ 3,216 $ 938 $ 2,140 $ 1,848 $ 168 $ 10,666 Charge-offs (109) — — — (168) — (277) Recoveries 27 9 — 96 36 — 168 Provision (Recovery) for Credit Losses - Loans 625 104 102 (317) (272) 49 291 September 30, 2023 $ 2,899 $ 3,329 $ 1,040 $ 1,919 $ 1,444 $ 217 $ 10,848 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total (Dollars in thousands) December 31, 2023 $ 3,129 $ 2,630 $ 639 $ 1,693 $ 1,367 $ 249 $ 9,707 Charge-offs — — — (12) (365) — (377) Recoveries 13 — — 132 109 — 254 (Recovery) Provision for Credit Losses - Loans (524) 1,073 54 (531) (188) 11 (105) September 30, 2024 $ 2,618 $ 3,703 $ 693 $ 1,282 $ 923 $ 260 $ 9,479 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Unallocated Total (Dollars in thousands) December 31, 2022 $ 2,074 $ 5,810 $ 502 $ 2,313 $ 1,517 $ — $ 603 $ 12,819 Impact of ASC 326 - Loans 137 (3,244) 488 (1,057) 774 120 (603) (3,385) Charge-offs (206) — — — (272) — — (478) Recoveries 41 32 — 862 94 — — 1,029 Provision (Recovery) for Credit Losses - Loans 853 731 50 (199) (669) 97 — 863 September 30, 2023 $ 2,899 $ 3,329 $ 1,040 $ 1,919 $ 1,444 $ 217 $ — $ 10,848 Loans that do not share risk characteristics are evaluated on an individual basis. For loans that are individually evaluated and collateral dependent, financial loans where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the operation or sale of the collateral, the ACL - Loans is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. During the three and nine months ended September 30, 2024 and September 30, 2023, there were no loans that required a credit loss to be individually assigned. The Company’s allowance for credit losses on unfunded commitments is recognized as a liability (accrued interest payable and other liabilities on the Consolidated Statement of Financial Condition), with adjustments to the reserve recognized in provision for credit losses - unfunded commitments on the Consolidated Statement of Income. The Company’s activity in the allowance for credit losses on unfunded commitments for the periods indicated was as follows: (in thousands) Allowance for Credit Losses Balance at June 30, 2024 $ 557 Recovery for Credit Losses - Unfunded Commitments (66) Balance at September 30, 2024 $ 491 (in thousands) Allowance for Credit Losses Balance at June 30, 2023 $ 658 Provision for Credit Losses - Unfunded Commitments 115 Balance at September 30, 2023 $ 773 (in thousands) Allowance for Credit Losses Balance at December 31, 2023 $ 500 Recovery for Credit Losses - Unfunded Commitments (9) Balance at September 30, 2024 $ 491 (in thousands) Allowance for Credit Losses Balance at December 31, 2022 $ — Impact of CECL Adoption 719 Provision for Credit Losses - Unfunded Commitments 54 Balance at September 30, 2023 $ 773

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivatives Not Designated as Hedging Instruments The Company has four risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which it is a participant. The risk participation agreements provide credit protection to the financial institution should the borrower fail to perform on its interest rate derivative contract with the financial institution. Derivatives Designated as Hedging Instruments In October 2023, the Company entered into an interest rate swap contract that is designated as a fair value hedge to mitigate the risk of interest rate increases and the subsequent impact on the associated fixed rate mortgages. This contract matures on October 17, 2026, has a notional amount of $75.0 million and is benchmarked to SOFR. The Company expects the hedge to remain effective during the remaining term of the swap. The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding and risk participation agreements with other financial institutions. These adjustments are included in Accrued Interest Payable and Other Liabilities on the Company's Consolidated Statement of Financial Condition. September 30, 2024 December 31, 2023 (Dollars in Thousands) Derivatives not Designated as Hedging Instruments Risk Participation Agreements: Credit Value Adjustment $ (118) $ (94) Notional Amount 16,303 9,119 Derivatives Designated as Hedging Instruments Interest rate swaps: Fair Value Adjustment (1,853) (1,777) Notional Amount 75,000 75,000

Fair Value Disclosure

Fair Value Disclosure	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Disclosure	Fair Value Disclosure ASC Topic 820 “Fair Value Measurement” defines fair value and provides the framework for measuring fair value and required disclosures about fair value measurements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability at the transaction date. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used in valuation methods to determine fair value. The three levels of fair value hierarchy are as follows: Level 1 – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets. These generally provide the most reliable evidence and are used to measure fair value whenever available. Level 2 – Fair value is based on significant inputs, other than Level 1 inputs, that are observable either directly or indirectly for substantially the full term of the asset through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets, quoted market prices in markets that are not active for identical or similar assets, and other observable inputs. Level 3 – Fair value is based on significant unobservable inputs. Examples of valuation methodologies that would result in Level 3 classification include option pricing models, discounted cash flows, and other similar techniques. This hierarchy requires the use of observable market data when available. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The majority of the Company’s securities are included in Level 2 of the fair value hierarchy. Fair values for Level 2 securities were primarily determined by a third-party pricing service using both quoted prices for similar assets, when available, and model-based valuation techniques that derive fair value based on market-corroborated data, such as instruments with similar prepayment speeds and default interest rates. The standard inputs that are normally used include benchmark yields of like securities, reportable trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. The Company uses derivative instruments, including interest rate swaps and risk participation agreements, and the fair value of such instruments are calculated using accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative, considering the contractual terms of each derivative, and uses observable market-based inputs, such as interest rate curves and implied volatilities. Credit valuation adjustments are incorporated to appropriately reflect nonperformance risk and the respective counterparties' nonperformance risk in calculating fair value measurements. These instruments are classified as Level 2. There were no transfers into or out of Level 3 during the nine months ended September 30, 2024 or year ended December 31, 2023. The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statements of Financial Condition as of the dates indicated, by level within the fair value hierarchy: Fair Value Hierarchy September 30, 2024 December 31, 2023 (Dollars in thousands) ASSETS Available-for-Sale Debt Securities U.S. Government Agencies Level 2 $ 4,122 $ 3,949 Obligations of States and Political Subdivisions Level 2 3,473 3,373 Mortgage-Backed Securities - Government-Sponsored Enterprises Level 2 52,977 54,532 Collateralized Mortgage Obligations - Government Sponsored Enterprises Level 2 100,235 105,130 Collateralized Loan Obligations Level 2 99,573 29,804 Corporate Debt Level 2 7,865 7,719 Total Available-for-Sale Debt Securities 268,245 204,507 Equity Securities Mutual Funds Level 1 906 888 Other Level 1 1,730 1,700 Total Equity Securities 2,636 2,588 Total Securities $ 270,881 $ 207,095 Total Assets $ 270,881 $ 207,095 LIABILITIES Derivative Financial Liabilities Interest Rate Swaps Level 2 $ 1,853 $ 1,777 Risk Participation Agreements Level 2 118 94 Total Liabilities $ 1,971 $ 1,871 The following table presents the financial assets on the Consolidated Statements of Financial Condition measured at fair value on a nonrecurring basis as of the dates indicated by level within the fair value hierarchy for only those nonrecurring assets that had a fair value below the carrying amount. The table also presents the significant unobservable inputs used in the fair value measurements. Financial Asset Fair Value Hierarchy December 31, Valuation Significant Unobservable Inputs Range Weighted Average (Dollars in thousands) OREO Level 3 $ — Appraisal of Collateral (1) Liquidation Expenses (2) 100 % to 100 % 100.0% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which may include various Level 3 inputs, which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expense are presented as a percent of the appraisal. Collateral dependent impaired loans are evaluated and valued at the time the loan is identified as impaired at the lower of cost or fair value. Fair value is measured based on the value of the collateral securing the loans and is classified as Level 3 in the fair value hierarchy. At September 30, 2024 and December 31, 2023, the Company did not have any loans that would be required to be remeasured. The fair value of mortgage servicing rights ("MSRs") is determined by calculating the present value of estimated future net servicing cash flows, considering expected mortgage loan prepayment rates, discount rates, servicing costs and other economic factors, which are determined based on current market conditions. The expected rate of mortgage loan prepayments is the most significant factor driving the value of MSRs. MSRs are considered impaired if the carrying value exceeds fair value. Since the valuation model includes significant unobservable inputs as listed above, MSRs are classified as Level 3. At September 30, 2024 and December 31, 2023, the Company did not have any MSRs that would be required to be remeasured. Other real estate owned ("OREO") properties are evaluated at the time of acquisition and recorded at fair value, less estimated selling costs. After acquisition, OREO is recorded at the lower of cost or fair value, less estimated selling costs. The fair value of an OREO property is determined from a qualified independent appraisal and is classified as Level 3 in the fair value hierarchy. As of September 30, 2024 the Company did not have any OREO that would be required to be remeasured. At December 31, 2023, OREO measured at fair value less costs to sell had no net carrying value, which consisted of the outstanding balance of $37,000 less write-downs of $37,000. Financial instruments are defined as cash, evidence of an ownership in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second entity on potentially favorable or unfavorable terms. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If no readily available market exists, the fair value estimates for financial instruments should be based upon management’s judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses and other factors, as determined through various option pricing formulas or simulation modeling. As many of these assumptions result from judgments made by management based upon estimates which are inherently uncertain, the resulting estimated fair values may not be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in the assumptions on which the estimated fair values are based may have significant impact on the resulting estimated fair values. As certain assets such as deferred tax assets and premises and equipment are not considered financial instruments, the estimated fair value of financial instruments would not represent the full value of the Company. The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated. September 30, 2024 December 31, 2023 Fair Value Hierarchy Carrying Value Fair Value Carrying Value Fair Value (Dollars in thousands) Financial Assets: Cash and Due From Banks: Interest-Earning Level 1 $ 138,570 $ 138,570 $ 62,442 $ 62,442 Noninterest-Earning Level 1 8,755 8,755 5,781 5,781 Securities See Above 270,881 270,881 207,095 207,095 Loans Held for Sale Level 2 428 428 — — Loans, Net Level 3 1,056,276 1,041,567 1,100,689 1,051,722 Restricted Stock Level 2 3,076 3,076 3,345 3,345 Mortgage Servicing Rights Level 3 481 836 540 974 Accrued Interest Receivable Level 2 6,246 6,246 5,086 5,086 Financial Liabilities: Deposits Level 2 1,353,820 1,354,983 1,267,159 1,263,574 Other Borrowed Funds FHLB Borrowings Level 2 20,000 20,018 20,000 19,962 Subordinated Debt Level 2 14,708 14,037 14,678 13,378 Derivative Liabilities Level 2 1,971 1,971 1,871 1,871 Accrued Interest Payable Level 2 3,178 3,178 1,814 1,814

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business primarily to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and performance letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Statements of Financial Condition. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and performance letters of credit written is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The Company maintains an ACL on unfunded commitments to provide for the risk of loss inherent in these arrangements. The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancellable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. To determine the expected funding rate, the Company uses a historical utilization rate for each segment. The ACL on unfunded loan commitments is included in other liabilities on the Consolidated Statement of Financial Condition and the related expense is recorded in provision for credit losses - unfunded commitments in the Consolidated Statement of Income. The following table presents the unused and available credit balances of financial instruments whose contracts represent credit risk at the dates indicated: September 30, December 31, (Dollars in thousands) Standby Letters of Credit $ 75 $ 110 Performance Letters of Credit 795 895 Construction Loans 40,014 47,034 Personal Lines of Credit 6,926 7,185 Overdraft Protection Lines 4,452 2,025 Home Equity Lines of Credit 27,219 24,176 Commercial Lines of Credit 100,251 64,667 Total Commitments $ 179,732 $ 146,092 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee by the customer. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Performance letters of credit represent conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These instruments are issued primarily to support bid or performance-related contracts. The coverage period for these instruments is typically a one-year period with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized upon expiration of the letter. For secured letters of credit, the collateral is typically Company deposit instruments or customer business assets. The Company recorded no liability associated with standby letters of credit as of September 30, 2024 and December 31, 2023.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	Leases The Company evaluates all contracts at commencement to determine if a lease is present. In accordance with ASC Topic 842, leases are defined as either operating or finance leases. The Company’s lease contracts are all classified as operating leases and create operating right-of-use (“ROU”) assets and corresponding lease liabilities on the Consolidated Statements of Financial Condition. The leases are primarily ROU assets of land and building for branch and loan production locations. ROU assets lease liabilities The following tables present the lease expense, ROU assets, weighted average term, discount rate and maturity analysis of lease liabilities for operating leases for the periods and dates indicated. Three Months Ended Nine Months Ended 2024 2023 2024 2023 (Dollars in thousands) Operating Lease Expense $ 139 $ 77 $ 315 $ 231 Variable Lease Expense 10 7 26 22 Total Lease Expense $ 149 $ 84 $ 341 $ 253 September 30, December 31, (Dollars in thousands) Operating Leases: ROU Assets $ 2,849 $ 1,673 Weighted Average Lease Term in Years 11.11 7.50 Weighted Average Discount Rate 4.16 % 2.86 % September 30, (Dollars in thousands) Maturity Analysis: Due in One Year $ 495 Due After One Year to Two Years 421 Due After Two Years to Three Years 403 Due After Three Years to Four Years 384 Due After Four to Five Years 312 Due After Five Years 1,873 Total $ 3,888 Less: Present Value Discount 938 Lease Liabilities $ 2,950 On March 29, 2024, the Bank completed the sale and leaseback of a branch office located in Rostraver, Pennsylvania, for a sales price of $1.1 million. As a result, the Bank recorded a pre-tax net gain of $274,000. Concurrently, the Bank entered into a lease agreement with the purchaser under which the Bank will lease the property for an initial term of 20 years with specified renewal options. The lease agreement includes a 2.0% annual rent escalation during the initial term and renewal terms, if exercised. The Bank recorded an operating lease ROU asset and corresponding lease liability of $1.0 million. On April 8, 2024, the Bank entered into a lease agreement under which the Bank will lease retail property for the operation of a full-service branch office located in Uniontown, Pennsylvania. The lease agreement is for an initial term of five years with specified renewal options. The lease agreement includes a 2.5% annual rent escalation during the initial term and renewal terms, if exercised. The Bank recorded an operating lease ROU asset and corresponding lease liability of $410,000. There were no new lease agreements which commenced during the nine months ended September 30, 2023.

Segment and Related Information

Segment and Related Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment and Related Information	Segment and Related Information At September 30, 2024, the Company’s business activities were comprised of one operating segment, which is community banking. In prior reporting periods, the Company's business activities were comprised of two operating segments, community banking and insurance brokerage services. CB Financial is the parent company of the Bank and Exchange Underwriters ("EU"), a wholly owned subsidiary of the Bank. EU had an independent board of directors from the Company and was managed separately from the banking and related financial services that the Company offers. EU was an independent insurance agency that offered property, casualty, commercial liability, surety and other insurance products. On December 1, 2023, the Company announced that the Bank and EU entered into an Asset Purchase Agreement with World Insurance Associates, LLC ("World") pursuant to which EU sold substantially all of its assets to World for a purchase price of $30.5 million cash plus possible additional earn-out payments. The sale of assets was completed on December 8, 2023 and resulted in a pre-tax gain of $24.6 million. Assets remaining in the EU subsidiary at September 30, 2024 and December 31, 2023 consisted primarily of cash received from the sale of assets. The EU subsidiary is expected to be merged into the Bank, with the remaining assets and liabilities being transferred to the Bank during 2025. The following is a table of selected financial data for the Company’s subsidiaries and consolidated results at the dates and for the periods indicated: Community Bank Exchange Underwriters, Inc. CB Financial Services, Inc. Net Eliminations Consolidated (Dollars in thousands) September 30, 2024 Assets $ 1,559,417 $ 26,182 $ 164,038 $ (187,896) $ 1,561,741 Liabilities 1,412,694 4,818 14,898 (19,809) 1,412,601 Stockholders' Equity 146,723 21,364 149,140 (168,087) 149,140 December 31, 2023 Assets $ 1,452,469 $ 28,830 $ 154,698 $ (179,906) $ 1,456,091 Liabilities 1,315,110 7,571 14,864 (21,288) 1,316,257 Stockholders' Equity 137,359 21,259 139,834 (158,618) 139,834 Three Months Ended September 30, 2024 Interest and Dividend Income $ 19,752 $ — $ 1,306 $ (1,285) $ 19,773 Interest Expense 8,144 — 155 — 8,299 Net Interest and Dividend Income 11,608 — 1,151 (1,285) 11,474 Provision for Credit Losses - Loans 25 — — — 25 Recovery for Credit Losses - Unfunded Commitments (66) — — — (66) Net Interest and Dividend Income After Net Recovery for Credit Losses 11,649 — 1,151 (1,285) 11,515 Noninterest Income 874 146 213 — 1,233 Noninterest Expense 8,777 — 5 — 8,782 Undistributed Net Income of Subsidiary 106 — 1,876 (1,982) — Income Before Income Tax Expense 3,852 146 3,235 (3,267) 3,966 Income Tax Expense 691 40 16 — 747 Net Income $ 3,161 $ 106 $ 3,219 $ (3,267) $ 3,219 Nine Months Ended September 30, 2024 Interest and Dividend Income $ 56,636 $ — $ 3,914 $ (3,851) $ 56,699 Interest Expense 21,698 — 465 — 22,163 Net Interest and Dividend Income 34,938 — 3,449 (3,851) 34,536 Recovery for Credit Losses - Loans (105) — — — (105) Recovery for Credit Losses - Unfunded Commitments (9) — — — (9) Net Interest and Dividend Income After Recovery for Credit Losses 35,052 — 3,449 (3,851) 34,650 Noninterest Income 3,662 146 31 — 3,839 Noninterest Expense 26,178 — 19 — 26,197 Undistributed Net Income of Subsidiary 106 — 6,526 (6,632) — Income Before Income Tax Expense (Benefit) 12,642 146 9,987 (10,483) 12,292 Income Tax Expense (Benefit) 2,265 40 (78) — 2,227 Net Income $ 10,377 $ 106 $ 10,065 $ (10,483) $ 10,065 Community Bank Exchange Underwriters, Inc. CB Financial Services, Inc. Net Eliminations Consolidated (Dollars in thousands) Three Months Ended September 30, 2023 Interest and Dividend Income $ 15,853 $ 1 $ 1,298 $ (1,278) $ 15,874 Interest Expense 5,002 — 155 — 5,157 Net Interest and Dividend Income 10,851 1 1,143 (1,278) 10,717 Provision for Credit Losses - Loans 291 — — — 291 Provision for Credit Losses - Unfunded Commitments 115 — — — 115 Net Interest and Dividend Income After Provision for Credit Losses 10,445 1 1,143 (1,278) 10,311 Noninterest Income (Loss) 1,006 1,436 (30) — 2,412 Noninterest Expense 8,344 1,137 6 — 9,487 Undistributed Net Income of Subsidiary 214 — 1,529 (1,743) — Income Before Income Tax Expense (Benefit) 3,321 300 2,636 (3,021) 3,236 Income Tax Expense (Benefit) 514 86 (36) — 564 Net Income $ 2,807 $ 214 $ 2,672 $ (3,021) $ 2,672 Nine Months Ended September 30, 2023 Interest and Dividend Income $ 45,257 $ 5 $ 3,889 $ (3,830) $ 45,321 Interest Expense 11,436 — 466 — 11,902 Net Interest and Dividend Income 33,821 5 3,423 (3,830) 33,419 Provision for Credit Losses - Loans 863 — — — 863 Provision for Credit Losses - Unfunded Commitments 54 — — — 54 Net Interest and Dividend Income After Provision for Credit Losses 32,904 5 3,423 (3,830) 32,502 Noninterest Income (Loss) 2,918 4,937 (362) — 7,493 Noninterest Expense 24,725 3,281 11 — 28,017 Undistributed Net Income of Subsidiary 1,179 — 6,372 (7,551) — Income Before Income Tax Expense (Benefit) 12,276 1,661 9,422 (11,381) 11,978 Income Tax Expense (Benefit) 2,074 482 (164) — 2,392 Net Income $ 10,202 $ 1,179 $ 9,586 $ (11,381) $ 9,586

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	Stock Based Compensation The following table presents stock option information for the period indicated. Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Outstanding Options at December 31, 2023 337,444 $ 24.11 5.6 Granted 93,950 22.12 Exercised (6,230) 24.25 Forfeited (21,816) 25.12 Outstanding Options at September 30, 2024 403,348 $ 23.58 5.7 Exercisable Options at September 30, 2024 212,034 $ 24.21 3.2 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Service Period in Years Nonvested Options at September 30, 2024 190,973 $ 22.89 8.6 Summary of Significant Assumptions for Newly Issued Stock Options Expected Term in Years 6.5 Expected Volatility 30.4 % Expected Dividends $ 1.00 Risk Free Rate of Return 3.98 % Weighted Average Grant Date Fair Value (per share) $ 4.81 The following table presents restricted stock award information for the period indicated: Number of Shares Weighted Average Grant Date Fair Value Price Weighted Average Remaining Service Period in Years Nonvested Restricted Stock at December 31, 2023 68,777 $ 23.16 3.8 Granted 25,410 22.12 Vested (10,833) 23.18 Forfeited (1,990) 22.63 Nonvested Restricted Stock at September 30, 2024 81,364 $ 22.84 3.0 The Company recognizes expense over a five-year vesting period for the restricted stock awards and stock options. Stock-based compensation expense related to restricted stock awards and stock options was $215,000 and $196,000 for the three months ended September 30, 2024 and 2023. Stock-based compensation expense was $591,000 and $557,000 for the nine months ended September 30, 2024 and 2023. As of September 30, 2024 and December 31, 2023, total unrecognized compensation expense was $761,000 and $505,000, respectively, related to stock options, and $1.5 million and $1.4 million, respectively, related to restricted stock awards. Intrinsic value represents the amount by which the fair value of the underlying stock at September 30, 2024 and December 31, 2023 exceeds the exercise price of the stock options. The intrinsic value of stock options was $1.8 million and $335,000 at September 30, 2024 and December 31, 2023, respectively. At September 30, 2024 there were 287,500 shares of common stock available and reserved under the 2024 Plan to be issued as restricted stock awards or units based on the terms of the Plan. At September 30, 2024, no shares have been granted under the 2024 Plan. Under the 2021 Plan, there were 161,464 shares available at December 31, 2023 to be issued in connection with the exercise of stock options, and 64,586 shares to be issued as restricted stock awards or units. The 2021 Plan shall remain in effect as long as any awards are outstanding, but as a result of the approval of the 2024 Plan, no more awards can be granted under the 2021 Plan.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities The Company has an investment interest in the following non-consolidated entity that meets the definition of a variable interest entity ("VIE"). Low Income Housing Tax Credit Investments The Company makes equity investments in an entity that sponsors affordable housing and other community development projects that qualify for the Low Income Housing Tax Credit ("LIHTC") program pursuant to Section 42 of the Internal Revenue Code. The purpose of this investment is not only to assist the Bank in meeting its responsibilities under the Community Reinvestment Act, but also to provide an investment return, primarily through the realization of tax benefits. The LIHTC partnership is managed by unrelated general partners that have the power to direct the activities which most significantly affect the performance of the partnership. The Company is therefore not the primary beneficiary of the LIHTC partnership and accordingly, does not consolidate this VIE. The Company's funding requirements are limited to its invested capital and any additional unfunded commitments for future equity contributions. The Company's maximum exposure to loss as a result of its involvement is limited to the carrying amounts of the investments, including the unfunded commitments. The investment in the LIHTC partnership is included in Accrued Interest Receivable and Other Assets and unfunded commitments are included in Accrued Interest Payable and Other Liabilities on the Consolidated Statements of Financial Condition. The Company currently expects to fund these commitments by the end of 2035. The following table presents the balances of the Company's LIHTC investments and related unfunded commitments: September 30, 2024 December 31, 2023 (Dollars in thousands) Low Income Housing Tax Credit Investments $ 6,000 $ — Less: Amortization — — Net Low Income Housing Tax Credit Investments $ 6,000 $ — Unfunded Commitments $ 5,396 $ — The Company accounts for qualifying LIHTC investments under the proportional amortization method. Under this method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance as a component of income tax expense. During the three and nine month periods ended September 30, 2024 and 2023, there were no tax credits, other tax benefits or investment amortization recognized as the investment fund is not yet closed.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC and incorporated into the consolidated financial statements the effect of all material known events determined by Accounting Standards Codification ("ASC") 855, Subsequent Events

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income	$ 3,219	$ 2,672	$ 10,065	$ 9,586

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters”). CB Financial, the Bank and Exchange Underwriters are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with general practice within the banking industry. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading in any material respect. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statements of Financial Condition and income and expenses for the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for credit losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, impairment evaluations of securities, goodwill and intangible assets impairment, and the valuation of deferred tax assets. In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Interim results are not necessarily indicative of results for a full year.
Nature of Operations	Nature of Operations
Allowance for Credit Losses (ACL)	Allowance for Credit Losses (ACL) On January 1, 2023, the Company adopted ASU 2016-13, which replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss methodology. The Company adopted ASU 2016-13 using a modified retrospective approach. Results for reporting periods beginning after January 1, 2023 are presented under Topic 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. The adoption resulted in a decrease of $3.4 million to the Company’s ACL related to loans receivable (ACL - Loans) and an increase of $718,000 in ACL for unfunded commitments (ACL - Unfunded Commitments). The net impact resulted in a $2.1 million increase to retained earnings, net of deferred taxes. The ACL represents the estimated amount considered necessary to cover lifetime expected credit losses inherent in financial assets at the balance sheet date. The measurement of expected credit losses is applicable to loans receivable and securities measured at amortized cost. It also applies to off-balance sheet credit exposures such as loan commitments and unused lines of credit. The allowance is established through a provision for credit losses that is charged against income. The methodology for determining the allowance for credit losses is considered a critical accounting policy by management because of the high degree of judgment involved, the subjectivity of the assumptions used, and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded ACL. The ACL is reported separately as a contra-asset account on the Consolidated Statement of Financial Condition. The expected credit loss for unfunded loan commitments is reported on the Consolidated Statement of Financial Condition in other liabilities while the provision for credit losses related to unfunded commitments is reported in provision for credit losses - unfunded commitments in the Consolidated Statements of Income. ACL on Loans Receivable The ACL on loans is deducted from the amortized cost basis of the loan to present the net amount expected to be collected. Expected losses are evaluated and calculated on a collective, or pooled, basis for those loans which share similar risk characteristics. At each reporting period, the Company evaluates whether loans within a pool continue to exhibit similar risk characteristics. If the risk characteristics of a loan change, such that they are no longer similar to other loans in the pool, the Company will evaluate the loan with a different pool of loans that share similar risk characteristics. If the loan does not share risk characteristics with other loans, the Company will evaluate the loan on an individual basis. The Company evaluates the pooling methodology at least annually. Loans are charged off against the ACL when the Company believes the balances to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged off or expected to be charged off. The Company has chosen to segment its portfolio consistent with the manner in which it manages credit risk. Such segments include residential mortgage, commercial real estate mortgages, construction, commercial business, consumer and other. For most segments, the Company calculates estimated credit losses using a probability of default and loss given default methodology, the results of which are applied to the aggregated discounted cash flow of each individual loan within the segment. The point in time probability of default and loss given default are then conditioned by macroeconomic scenarios to incorporate reasonable and supportable forecasts that affect the collectability of the reported amount. The Company estimates the ACL on loans via a quantitative analysis which considers relevant available information from internal and external sources related to past events and current conditions, as well as the incorporation of reasonable and supportable forecasts. The Company evaluates a variety of factors including third party economic forecasts, industry trends and other available published economic information in arriving at its forecasts. After the reasonable and supportable forecast period, the Company reverts, on a straight-line basis, to average historical losses. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a restructuring will be executed with an individual borrower or the renewal option is included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Also included in the ACL on loans are qualitative reserves to cover losses that are expected but, in the Company’s assessment, may not be adequately represented in the quantitative analysis or the forecasts described above. Factors that the Company considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and non-accrual loans, and the effect of external factors such as competition, legal and regulatory requirements, among others. Furthermore, the Company considers the inherent uncertainty in quantitative models that are built upon historical data. Individually Evaluated Loans On a case-by-case basis, the Company may conclude that a loan should be evaluated on an individual basis based on its disparate risk characteristics. When the Company determines that a loan no longer shares similar risk characteristics with other loans in the portfolio, the allowance will be determined on an individual basis using the present value of expected cash flows or, for collateral-dependent loans, the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will charge off the difference between the fair value of the collateral, less estimated costs to sell at the reporting date, and the amortized cost basis of the loan. ACL on Off-Balance Sheet Unfunded Commitments The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancellable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. To determine the expected funding rate, the Company uses a historical utilization rate for each segment. As noted above, the ACL on unfunded loan commitments is included in other liabilities on the Consolidated Statement of Financial Condition and the related credit expense is recorded in provision for credit losses - unfunded commitments in the Consolidated Statements of Income. ACL on Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For securities available-for-sale that do not meet the above criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating by a rating agency, and adverse conditions related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income (loss), net of tax. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major agencies and have a long history of no credit losses. Changes in the ACL are recorded as provision for, or reversal of, credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available for sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met.
Recent Accounting Standards	Recent Accounting Standards In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 that extends the period of time preparers can utilize the reference rate reform relief guidance. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, as amended. This ASU provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Inter-bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. The elective guidance in the ASU applies to modifications of contract terms that will directly replace, or have the potential to replace, an affected rate with another interest rate index, as well as certain contemporaneous modifications of other contract terms related to the replacement of an affected rate. The ASU notes that changes in contract terms that are made to effect the reference rate reform transition are considered related to the replacement of a reference rate if they are not the result of a business decision that is separate from or in addition to changes to the terms of a contract to effect that transition. The optional expedient allows companies to account for the modification as if it was not substantial (i.e., do not treat as an extinguishment of debt). To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. For all entities, the amendments in ASU 2022-06 are effective upon issuance. As of September 30, 2024, the Company does not have any instruments tied to the LIBOR reference rate. The adoption of this guidance is not expected to have a material effect on the Company's consolidated statements of financial condition and results of operations. In March 2023, the FASB issued ASU 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. This ASU expanded the use of the proportional amortization method of accounting - previously allowed only for investments in low-income housing tax credit structures - to equity investments in other tax credit structures that meet certain criteria. Common tax credit programs that investors access via tax equity structures and that may now be eligible for application of the proportional amortization method include: new markets tax credits, historic rehabilitation tax credit programs and renewable energy tax credit programs. This ASU took effect in reporting periods beginning after December 15, 2023, with early adoption permitted. The adoption of this ASU on January 1, 2024, did not have a material impact on the Company's consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting - Improvements to Reportable Segment Disclosures (Topic 820), to improve reportable segment disclosures by requiring public entities to disclose significant expense categories and amounts for each reportable segment, where significant expense categories are defined as those that are regularly reported to an entity's chief operating decision-maker and included in a segment's reported measures of profit or loss. For public companies, the requirements will become effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The adoption of this ASU is not expected to have a material effect on the Company's consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires that public entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. The ASU requires all entities to disclose on an annual basis (1) the amount of income taxes paid, disaggregated by federal, state and foreign taxes and (2) the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal or greater than five percent of total income taxes paid. The ASU also requires that all entities disclose (1) income (loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic or foreign and (2) income tax expense (or benefit) from continuing operations disaggregated by federal (national), state and foreign. This ASU is effective for public entities for annual periods beginning after December 15, 2024. The Company does not expect the adoption of the ASU to have a material effect on the Company's consolidated statements of financial condition and results of operations.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) Per Share, Basic and Diluted	The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (Dollars in thousands, except share and per share data) Net Income $ 3,219 $ 2,672 $ 10,065 $ 9,586 Weighted-Average Basic Common Shares Outstanding 5,137,586 5,115,026 5,136,546 5,112,223 Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock) 209,164 11,520 192,064 6,056 Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding 5,346,750 5,126,546 5,328,610 5,118,279 Earnings Per Share: Basic $ 0.63 $ 0.52 $ 1.96 $ 1.88 Diluted 0.60 0.52 1.89 1.87
Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share	The following table presents for the periods indicated (a) options to purchase shares of common stock that were outstanding but not included in the computation of earnings per share because the options’ exercise price was greater than the average market price of the common shares for the period, and (b) shares of restricted stock awards that were not included in the computation of diluted earnings per share because the hypothetical repurchase of shares under the treasury stock method exceeded the weighted average nonvested restricted awards, therefore the effects would be anti-dilutive. Three Months Ended Nine Months Ended 2024 2023 2024 2023 Stock Options 275,208 339,123 292,308 339,123 Restricted Stock — 25,352 — 60,727

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-sale and Unrealized Loss on Investments	The following table presents the amortized cost and fair value of securities available-for-sale at the dates indicated: September 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Available-for-Sale Debt Securities: U.S. Government Agencies $ 4,996 $ — $ (874) $ 4,122 Obligations of States and Political Subdivisions 3,492 18 (37) 3,473 Mortgage-Backed Securities - Government-Sponsored Enterprises 54,676 826 (2,525) 52,977 Collateralized Mortgage Obligations - Government-Sponsored Enterprises 113,518 334 (13,617) 100,235 Collateralized Loan Obligations 99,758 41 (226) 99,573 Corporate Debt 9,480 — (1,615) 7,865 Total Available-for-Sale Debt Securities 285,920 1,219 (18,894) 268,245 Equity Securities: Mutual Funds 906 Other 1,730 Total Equity Securities 2,636 Total Securities $ 270,881 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Available-for-Sale Debt Securities: U.S. Government Agencies $ 4,995 $ — $ (1,046) $ 3,949 Obligations of States and Political Subdivisions 3,481 5 (113) 3,373 Mortgage-Backed Securities - Government-Sponsored Enterprises 57,377 141 (2,986) 54,532 Collateralized Mortgage Obligations - Government-Sponsored Enterprises 120,655 227 (15,752) 105,130 Collateralized Loan Obligations 29,862 — (58) 29,804 Corporate Debt 9,484 — (1,765) 7,719 Total Available-for-Sale Debt Securities 225,854 373 (21,720) 204,507 Equity Securities: Mutual Funds 888 Other 1,700 Total Equity Securities 2,588 Total Securities $ 207,095 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at the dates indicated: September 30, 2024 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses (Dollars in thousands) U.S. Government Agencies — $ — $ — 1 $ 4,122 $ (874) 1 $ 4,122 $ (874) Obligations of States and Political Subdivisions — — — 5 2,373 (37) 5 2,373 (37) Mortgage Backed Securities- Government-Sponsored Enterprises — — — 8 16,127 (2,525) 8 16,127 (2,525) Collateralized Mortgage Obligations - Government-Sponsored Enterprises 1 8,469 (50) 21 67,645 (13,567) 22 76,114 (13,617) Collateralized Loan Obligations 10 68,851 (226) — — — 10 68,851 (226) Corporate Debt — — — 3 7,865 (1,615) 3 7,865 (1,615) Total 11 $ 77,320 $ (276) 38 $ 98,132 $ (18,618) 49 $ 175,452 $ (18,894) December 31, 2023 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses (Dollars in thousands) U.S. Government Agencies — $ — $ — 1 $ 3,949 $ (1,046) 1 $ 3,949 $ (1,046) Obligations of States and Political Subdivisions — — — 6 2,823 (113) 6 2,823 (113) Mortgage Backed Securities- Government-Sponsored Enterprises — — — 8 17,135 (2,986) 8 17,135 (2,986) Collateralized Mortgage Obligations - Government-Sponsored Enterprises 1 5,603 (29) 21 71,796 (15,723) 22 77,399 (15,752) Collateralized Loan Obligations 1 2,910 (58) — — — 1 2,910 (58) Corporate Debt — — — 3 7,719 (1,765) 3 7,719 (1,765) Total 2 $ 8,513 $ (87) 39 $ 103,422 $ (21,633) 41 $ 111,935 $ (21,720)
Investments Classified by Contractual Maturity Date	The scheduled maturities of securities available-for-sale are summarized as follows. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities, collateralized mortgage obligations and collateralized loan obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis. September 30, 2024 Amortized Cost Fair Value (Dollars in thousands) Due in One Year or Less $ — $ — Due after One Year through Five Years 736 732 Due after Five Years through Ten Years 53,033 51,595 Due after Ten Years 232,151 215,918 Total $ 285,920 $ 268,245
Schedule of Realized Gain (Loss)	The following table presents the gain and loss on equity securities from both realized sales and unrealized market adjustments for the periods indicated. There was no realized gain or loss on sales of debt securities for the periods indicated. All gains and losses presented in the table below are reported in Net Gain (Loss) on Securities on the Consolidated Statements of Income. Three Months Ended Nine Months Ended 2024 2023 2024 2023 (Dollars in thousands) Equity Securities Net Unrealized Gain (Loss) Recognized on Securities Held $ 245 $ (37) $ 49 $ (369) Net Realized Gain Recognized on Securities Sold — — — — Net Gain (Loss) on Equity Securities $ 245 $ (37) $ 49 $ (369) Net Gain (Loss) on Securities $ 245 $ (37) $ 49 $ (369)

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents the classifications of loans as of the dates indicated: September 30, 2024 December 31, 2023 (Dollars in thousands) Real Estate: Residential $ 338,926 $ 347,808 Commercial 464,354 467,154 Construction 43,515 43,116 Commercial and Industrial 108,554 111,278 Consumer 80,004 111,643 Other 30,402 29,397 Total Loans 1,065,755 1,110,396 Allowance for Credit Losses (9,479) (9,707) Loans, Net $ 1,056,276 $ 1,100,689
Financing Receivable Credit Quality Indicators	The following tables present the Company’s loans by year of origination, loan segmentation and risk indicator summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. There were no loans in the criticized category of Loss. Classified Loans by Origination Year (as of September 30, 2024) (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Real Estate: Residential Pass $ 12,708 $ 33,695 $ 48,771 $ 42,753 $ 55,615 $ 125,276 $ 17,625 $ 336,443 Special Mention — — 1,009 — — — — 1,009 Substandard — — — — — 1,474 — 1,474 Doubtful — — — — — — — — Loss — — — — — — — — Total 12,708 33,695 49,780 42,753 55,615 126,750 17,625 338,926 Commercial Pass 32,514 53,022 68,152 83,744 46,497 147,497 2,729 434,155 Special Mention 5,718 1,167 3,479 4,541 283 7,191 — 22,379 Substandard — — 301 — 2,102 5,417 — 7,820 Doubtful — — — — — — — — Loss — — — — — — — — Total 38,232 54,189 71,932 88,285 48,882 160,105 2,729 464,354 Construction Pass 2,220 16,251 14,165 144 — — — 32,780 Special Mention — 3,585 — 269 6,881 — — 10,735 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 2,220 19,836 14,165 413 6,881 — — 43,515 Commercial and Industrial Pass 33,510 25,975 13,012 5,776 4,613 4,887 17,476 105,249 Special Mention — — — — — 3,305 — 3,305 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 33,510 25,975 13,012 5,776 4,613 8,192 17,476 108,554 Consumer Pass 679 9,992 36,061 17,232 6,124 4,423 5,352 79,863 Special Mention — — — — — — — — Substandard — — — 21 21 99 — 141 Doubtful — — — — — — — — Loss — — — — — — — — Total 679 9,992 36,061 17,253 6,145 4,522 5,352 80,004 Other Pass — 4,042 19,014 30 593 4,652 558 28,889 Special Mention — — 1,513 — — — — 1,513 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total — 4,042 20,527 30 593 4,652 558 30,402 Total Loans $ 87,349 $ 147,729 $ 205,477 $ 154,510 $ 122,729 $ 304,221 $ 43,740 $ 1,065,755 Gross Charge Offs $ — $ 26 $ 182 $ 36 $ 36 $ 24 $ 73 $ 377 Classified Loans by Origination Year (as of December 31, 2023) (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Real Estate: Residential Pass $ 33,579 $ 49,903 $ 44,749 $ 58,344 $ 38,008 $ 104,931 $ 14,932 $ 344,446 Special Mention — 1,034 507 — — 345 — 1,886 Substandard — — — — — 1,476 — 1,476 Doubtful — — — — — — — — Loss — — — — — — — — Total 33,579 50,937 45,256 58,344 38,008 106,752 14,932 347,808 Commercial Pass 56,466 72,006 85,285 49,356 49,442 112,749 2,017 427,321 Special Mention 1,206 5,485 9,030 2,445 2,730 10,281 — 31,177 Substandard — — — — 2,717 5,939 — 8,656 Doubtful — — — — — — — — Loss — — — — — — — — Total 57,672 77,491 94,315 51,801 54,889 128,969 2,017 467,154 Construction Pass 13,322 12,469 2,932 540 — — — 29,263 Special Mention 4,489 2,153 663 6,548 — — — 13,853 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 17,811 14,622 3,595 7,088 — — — 43,116 Commercial and Industrial Pass 31,609 16,334 8,652 5,556 3,366 2,875 32,172 100,564 Special Mention — — — 12 — 3,215 3,250 6,477 Substandard — — — — — 4,237 — 4,237 Doubtful — — — — — — — — Loss — — — — — — — — Total 31,609 16,334 8,652 5,568 3,366 10,327 35,422 111,278 Consumer Pass 12,726 49,027 25,528 10,365 3,786 4,715 5,408 111,555 Special Mention — — — — — — — — Substandard — — — 24 — 64 — 88 Doubtful — — — — — — — — Loss — — — — — — — — Total 12,726 49,027 25,528 10,389 3,786 4,779 5,408 111,643 Other Pass 4,047 17,248 41 646 1,278 3,701 851 27,812 Special Mention — 1,585 — — — — — 1,585 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 4,047 18,833 41 646 1,278 3,701 851 29,397 Total Loans $ 157,444 $ 227,244 $ 177,387 $ 133,836 $ 101,327 $ 254,528 $ 58,630 $ 1,110,396 Gross Charge Offs $ — $ 163 $ 44 $ 18 $ 2 $ 314 $ 48 $ 589
Financing Receivable, Past Due	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated: September 30, 2024 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans (Dollars in Thousands) Real Estate: Residential $ 334,928 $ 2,145 $ 567 $ — $ 2,712 $ 1,286 $ 338,926 Commercial 458,865 4,869 — — 4,869 620 464,354 Construction 43,515 — — — — — 43,515 Commercial and Industrial 108,554 — — — — — 108,554 Consumer 78,995 842 26 — 868 141 80,004 Other 30,402 — — — — — 30,402 Total Loans $ 1,055,259 $ 7,856 $ 593 $ — $ 8,449 $ 2,047 $ 1,065,755 December 31, 2023 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans (Dollars in Thousands) Real Estate: Residential $ 342,852 $ 3,339 $ 141 $ — $ 3,480 $ 1,476 $ 347,808 Commercial 466,794 — — — — 360 467,154 Construction 43,116 — — — — — 43,116 Commercial and Industrial 110,905 57 — — 57 316 111,278 Consumer 110,459 1,010 86 — 1,096 88 111,643 Other 29,397 — — — — — 29,397 Total Loans $ 1,103,523 $ 4,406 $ 227 $ — $ 4,633 $ 2,240 $ 1,110,396
Financing Receivable, Nonaccrual	The following table sets forth the amounts for amortized cost basis of loans on nonaccrual status, loans past due 90 days still accruing, and categories of nonperforming assets at the date indicated. September 30, 2024 Nonaccrual With No ACL Nonaccrual With ACL Loans Past Due 90 Days Still Accruing Total Nonperforming Assets (Dollars in Thousands) Nonaccrual Loans: Real Estate: Residential $ 1,286 $ — $ — $ 1,286 Commercial 620 — — 620 Construction — — — — Commercial and Industrial — — — — Consumer 141 — — 141 Total Nonaccrual Loans $ 2,047 $ — $ — 2,047 Other Real Estate Owned: Residential 150 Commercial — Total Other Real Estate Owned 150 Total Nonperforming Assets $ 2,197 December 31, 2023 Nonaccrual With No ACL Nonaccrual With ACL Loans Past Due 90 Days Still Accruing Total Nonperforming Assets (Dollars in Thousands) Nonaccrual Loans: Real Estate: Residential $ 1,476 $ — $ — $ 1,476 Commercial 360 — — 360 Commercial and Industrial 316 — — 316 Consumer 88 — — 88 Total Nonaccrual Loans $ 2,240 $ — $ — 2,240 Other Real Estate Owned: Residential 162 Commercial — Total Other Real Estate Owned 162 Total Nonperforming Assets $ 2,402
Financing Receivable, Allowance for Credit Loss	The activity in the ACL - Loans is summarized below by primary segments for the periods indicated: Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total (Dollars in thousands) June 30, 2024 $ 2,844 $ 3,082 $ 744 $ 1,485 $ 1,131 $ 241 $ 9,527 Charge-offs — — — — (159) — (159) Recoveries — — — 45 41 — 86 (Recovery) Provision for Credit Losses - Loans (226) 621 (51) (248) (90) 19 25 September 30, 2024 $ 2,618 $ 3,703 $ 693 $ 1,282 $ 923 $ 260 $ 9,479 Real Real Real Commercial Consumer Other Total (Dollars in thousands) June 30, 2023 $ 2,356 $ 3,216 $ 938 $ 2,140 $ 1,848 $ 168 $ 10,666 Charge-offs (109) — — — (168) — (277) Recoveries 27 9 — 96 36 — 168 Provision (Recovery) for Credit Losses - Loans 625 104 102 (317) (272) 49 291 September 30, 2023 $ 2,899 $ 3,329 $ 1,040 $ 1,919 $ 1,444 $ 217 $ 10,848 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total (Dollars in thousands) December 31, 2023 $ 3,129 $ 2,630 $ 639 $ 1,693 $ 1,367 $ 249 $ 9,707 Charge-offs — — — (12) (365) — (377) Recoveries 13 — — 132 109 — 254 (Recovery) Provision for Credit Losses - Loans (524) 1,073 54 (531) (188) 11 (105) September 30, 2024 $ 2,618 $ 3,703 $ 693 $ 1,282 $ 923 $ 260 $ 9,479 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Unallocated Total (Dollars in thousands) December 31, 2022 $ 2,074 $ 5,810 $ 502 $ 2,313 $ 1,517 $ — $ 603 $ 12,819 Impact of ASC 326 - Loans 137 (3,244) 488 (1,057) 774 120 (603) (3,385) Charge-offs (206) — — — (272) — — (478) Recoveries 41 32 — 862 94 — — 1,029 Provision (Recovery) for Credit Losses - Loans 853 731 50 (199) (669) 97 — 863 September 30, 2023 $ 2,899 $ 3,329 $ 1,040 $ 1,919 $ 1,444 $ 217 $ — $ 10,848 (in thousands) Allowance for Credit Losses Balance at June 30, 2024 $ 557 Recovery for Credit Losses - Unfunded Commitments (66) Balance at September 30, 2024 $ 491 (in thousands) Allowance for Credit Losses Balance at June 30, 2023 $ 658 Provision for Credit Losses - Unfunded Commitments 115 Balance at September 30, 2023 $ 773 (in thousands) Allowance for Credit Losses Balance at December 31, 2023 $ 500 Recovery for Credit Losses - Unfunded Commitments (9) Balance at September 30, 2024 $ 491 (in thousands) Allowance for Credit Losses Balance at December 31, 2022 $ — Impact of CECL Adoption 719 Provision for Credit Losses - Unfunded Commitments 54 Balance at September 30, 2023 $ 773

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value Adjustments	The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding and risk participation agreements with other financial institutions. These adjustments are included in Accrued Interest Payable and Other Liabilities on the Company's Consolidated Statement of Financial Condition. September 30, 2024 December 31, 2023 (Dollars in Thousands) Derivatives not Designated as Hedging Instruments Risk Participation Agreements: Credit Value Adjustment $ (118) $ (94) Notional Amount 16,303 9,119 Derivatives Designated as Hedging Instruments Interest rate swaps: Fair Value Adjustment (1,853) (1,777) Notional Amount 75,000 75,000

Fair Value Disclosure (Tables)

Fair Value Disclosure (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statements of Financial Condition as of the dates indicated, by level within the fair value hierarchy: Fair Value Hierarchy September 30, 2024 December 31, 2023 (Dollars in thousands) ASSETS Available-for-Sale Debt Securities U.S. Government Agencies Level 2 $ 4,122 $ 3,949 Obligations of States and Political Subdivisions Level 2 3,473 3,373 Mortgage-Backed Securities - Government-Sponsored Enterprises Level 2 52,977 54,532 Collateralized Mortgage Obligations - Government Sponsored Enterprises Level 2 100,235 105,130 Collateralized Loan Obligations Level 2 99,573 29,804 Corporate Debt Level 2 7,865 7,719 Total Available-for-Sale Debt Securities 268,245 204,507 Equity Securities Mutual Funds Level 1 906 888 Other Level 1 1,730 1,700 Total Equity Securities 2,636 2,588 Total Securities $ 270,881 $ 207,095 Total Assets $ 270,881 $ 207,095 LIABILITIES Derivative Financial Liabilities Interest Rate Swaps Level 2 $ 1,853 $ 1,777 Risk Participation Agreements Level 2 118 94 Total Liabilities $ 1,971 $ 1,871
Fair Value Measurement Inputs and Valuation Techniques	The following table presents the financial assets on the Consolidated Statements of Financial Condition measured at fair value on a nonrecurring basis as of the dates indicated by level within the fair value hierarchy for only those nonrecurring assets that had a fair value below the carrying amount. The table also presents the significant unobservable inputs used in the fair value measurements. Financial Asset Fair Value Hierarchy December 31, Valuation Significant Unobservable Inputs Range Weighted Average (Dollars in thousands) OREO Level 3 $ — Appraisal of Collateral (1) Liquidation Expenses (2) 100 % to 100 % 100.0% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which may include various Level 3 inputs, which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expense are presented as a percent of the appraisal.
Fair Value, by Balance Sheet Grouping	The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated. September 30, 2024 December 31, 2023 Fair Value Hierarchy Carrying Value Fair Value Carrying Value Fair Value (Dollars in thousands) Financial Assets: Cash and Due From Banks: Interest-Earning Level 1 $ 138,570 $ 138,570 $ 62,442 $ 62,442 Noninterest-Earning Level 1 8,755 8,755 5,781 5,781 Securities See Above 270,881 270,881 207,095 207,095 Loans Held for Sale Level 2 428 428 — — Loans, Net Level 3 1,056,276 1,041,567 1,100,689 1,051,722 Restricted Stock Level 2 3,076 3,076 3,345 3,345 Mortgage Servicing Rights Level 3 481 836 540 974 Accrued Interest Receivable Level 2 6,246 6,246 5,086 5,086 Financial Liabilities: Deposits Level 2 1,353,820 1,354,983 1,267,159 1,263,574 Other Borrowed Funds FHLB Borrowings Level 2 20,000 20,018 20,000 19,962 Subordinated Debt Level 2 14,708 14,037 14,678 13,378 Derivative Liabilities Level 2 1,971 1,971 1,871 1,871 Accrued Interest Payable Level 2 3,178 3,178 1,814 1,814

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Fair Value, Off-balance Sheet Risks	The following table presents the unused and available credit balances of financial instruments whose contracts represent credit risk at the dates indicated: September 30, December 31, (Dollars in thousands) Standby Letters of Credit $ 75 $ 110 Performance Letters of Credit 795 895 Construction Loans 40,014 47,034 Personal Lines of Credit 6,926 7,185 Overdraft Protection Lines 4,452 2,025 Home Equity Lines of Credit 27,219 24,176 Commercial Lines of Credit 100,251 64,667 Total Commitments $ 179,732 $ 146,092

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Lease, Cost	The following tables present the lease expense, ROU assets, weighted average term, discount rate and maturity analysis of lease liabilities for operating leases for the periods and dates indicated. Three Months Ended Nine Months Ended 2024 2023 2024 2023 (Dollars in thousands) Operating Lease Expense $ 139 $ 77 $ 315 $ 231 Variable Lease Expense 10 7 26 22 Total Lease Expense $ 149 $ 84 $ 341 $ 253 September 30, December 31, (Dollars in thousands) Operating Leases: ROU Assets $ 2,849 $ 1,673 Weighted Average Lease Term in Years 11.11 7.50 Weighted Average Discount Rate 4.16 % 2.86 %
Lessee, Operating Lease, Liability, Maturity	September 30, (Dollars in thousands) Maturity Analysis: Due in One Year $ 495 Due After One Year to Two Years 421 Due After Two Years to Three Years 403 Due After Three Years to Four Years 384 Due After Four to Five Years 312 Due After Five Years 1,873 Total $ 3,888 Less: Present Value Discount 938 Lease Liabilities $ 2,950

Segment and Related Informati_2

Segment and Related Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following is a table of selected financial data for the Company’s subsidiaries and consolidated results at the dates and for the periods indicated: Community Bank Exchange Underwriters, Inc. CB Financial Services, Inc. Net Eliminations Consolidated (Dollars in thousands) September 30, 2024 Assets $ 1,559,417 $ 26,182 $ 164,038 $ (187,896) $ 1,561,741 Liabilities 1,412,694 4,818 14,898 (19,809) 1,412,601 Stockholders' Equity 146,723 21,364 149,140 (168,087) 149,140 December 31, 2023 Assets $ 1,452,469 $ 28,830 $ 154,698 $ (179,906) $ 1,456,091 Liabilities 1,315,110 7,571 14,864 (21,288) 1,316,257 Stockholders' Equity 137,359 21,259 139,834 (158,618) 139,834 Three Months Ended September 30, 2024 Interest and Dividend Income $ 19,752 $ — $ 1,306 $ (1,285) $ 19,773 Interest Expense 8,144 — 155 — 8,299 Net Interest and Dividend Income 11,608 — 1,151 (1,285) 11,474 Provision for Credit Losses - Loans 25 — — — 25 Recovery for Credit Losses - Unfunded Commitments (66) — — — (66) Net Interest and Dividend Income After Net Recovery for Credit Losses 11,649 — 1,151 (1,285) 11,515 Noninterest Income 874 146 213 — 1,233 Noninterest Expense 8,777 — 5 — 8,782 Undistributed Net Income of Subsidiary 106 — 1,876 (1,982) — Income Before Income Tax Expense 3,852 146 3,235 (3,267) 3,966 Income Tax Expense 691 40 16 — 747 Net Income $ 3,161 $ 106 $ 3,219 $ (3,267) $ 3,219 Nine Months Ended September 30, 2024 Interest and Dividend Income $ 56,636 $ — $ 3,914 $ (3,851) $ 56,699 Interest Expense 21,698 — 465 — 22,163 Net Interest and Dividend Income 34,938 — 3,449 (3,851) 34,536 Recovery for Credit Losses - Loans (105) — — — (105) Recovery for Credit Losses - Unfunded Commitments (9) — — — (9) Net Interest and Dividend Income After Recovery for Credit Losses 35,052 — 3,449 (3,851) 34,650 Noninterest Income 3,662 146 31 — 3,839 Noninterest Expense 26,178 — 19 — 26,197 Undistributed Net Income of Subsidiary 106 — 6,526 (6,632) — Income Before Income Tax Expense (Benefit) 12,642 146 9,987 (10,483) 12,292 Income Tax Expense (Benefit) 2,265 40 (78) — 2,227 Net Income $ 10,377 $ 106 $ 10,065 $ (10,483) $ 10,065 Community Bank Exchange Underwriters, Inc. CB Financial Services, Inc. Net Eliminations Consolidated (Dollars in thousands) Three Months Ended September 30, 2023 Interest and Dividend Income $ 15,853 $ 1 $ 1,298 $ (1,278) $ 15,874 Interest Expense 5,002 — 155 — 5,157 Net Interest and Dividend Income 10,851 1 1,143 (1,278) 10,717 Provision for Credit Losses - Loans 291 — — — 291 Provision for Credit Losses - Unfunded Commitments 115 — — — 115 Net Interest and Dividend Income After Provision for Credit Losses 10,445 1 1,143 (1,278) 10,311 Noninterest Income (Loss) 1,006 1,436 (30) — 2,412 Noninterest Expense 8,344 1,137 6 — 9,487 Undistributed Net Income of Subsidiary 214 — 1,529 (1,743) — Income Before Income Tax Expense (Benefit) 3,321 300 2,636 (3,021) 3,236 Income Tax Expense (Benefit) 514 86 (36) — 564 Net Income $ 2,807 $ 214 $ 2,672 $ (3,021) $ 2,672 Nine Months Ended September 30, 2023 Interest and Dividend Income $ 45,257 $ 5 $ 3,889 $ (3,830) $ 45,321 Interest Expense 11,436 — 466 — 11,902 Net Interest and Dividend Income 33,821 5 3,423 (3,830) 33,419 Provision for Credit Losses - Loans 863 — — — 863 Provision for Credit Losses - Unfunded Commitments 54 — — — 54 Net Interest and Dividend Income After Provision for Credit Losses 32,904 5 3,423 (3,830) 32,502 Noninterest Income (Loss) 2,918 4,937 (362) — 7,493 Noninterest Expense 24,725 3,281 11 — 28,017 Undistributed Net Income of Subsidiary 1,179 — 6,372 (7,551) — Income Before Income Tax Expense (Benefit) 12,276 1,661 9,422 (11,381) 11,978 Income Tax Expense (Benefit) 2,074 482 (164) — 2,392 Net Income $ 10,202 $ 1,179 $ 9,586 $ (11,381) $ 9,586

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Options Roll Forward	The following table presents stock option information for the period indicated. Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Outstanding Options at December 31, 2023 337,444 $ 24.11 5.6 Granted 93,950 22.12 Exercised (6,230) 24.25 Forfeited (21,816) 25.12 Outstanding Options at September 30, 2024 403,348 $ 23.58 5.7 Exercisable Options at September 30, 2024 212,034 $ 24.21 3.2 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Service Period in Years Nonvested Options at September 30, 2024 190,973 $ 22.89 8.6 Summary of Significant Assumptions for Newly Issued Stock Options Expected Term in Years 6.5 Expected Volatility 30.4 % Expected Dividends $ 1.00 Risk Free Rate of Return 3.98 % Weighted Average Grant Date Fair Value (per share) $ 4.81
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following table presents stock option information for the period indicated. Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Outstanding Options at December 31, 2023 337,444 $ 24.11 5.6 Granted 93,950 22.12 Exercised (6,230) 24.25 Forfeited (21,816) 25.12 Outstanding Options at September 30, 2024 403,348 $ 23.58 5.7 Exercisable Options at September 30, 2024 212,034 $ 24.21 3.2 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Service Period in Years Nonvested Options at September 30, 2024 190,973 $ 22.89 8.6 Summary of Significant Assumptions for Newly Issued Stock Options Expected Term in Years 6.5 Expected Volatility 30.4 % Expected Dividends $ 1.00 Risk Free Rate of Return 3.98 % Weighted Average Grant Date Fair Value (per share) $ 4.81
Nonvested Restricted Stock Shares Activity	The following table presents restricted stock award information for the period indicated: Number of Shares Weighted Average Grant Date Fair Value Price Weighted Average Remaining Service Period in Years Nonvested Restricted Stock at December 31, 2023 68,777 $ 23.16 3.8 Granted 25,410 22.12 Vested (10,833) 23.18 Forfeited (1,990) 22.63 Nonvested Restricted Stock at September 30, 2024 81,364 $ 22.84 3.0

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of LIHTC Investments and Commitments	The following table presents the balances of the Company's LIHTC investments and related unfunded commitments: September 30, 2024 December 31, 2023 (Dollars in thousands) Low Income Housing Tax Credit Investments $ 6,000 $ — Less: Amortization — — Net Low Income Housing Tax Credit Investments $ 6,000 $ — Unfunded Commitments $ 5,396 $ —

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Thousands			3 Months Ended		9 Months Ended
	Dec. 08, 2023 USD ($)	Dec. 01, 2023 USD ($)	Sep. 30, 2024 USD ($) branch	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) branch	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)
Real Estate Properties [Line Items]
Pre tax gain			$ 138	$ 0	$ 138	$ 0
Decrease in allowance for credit loss			(9,479)	(10,848)	(9,479)	(10,848)	$ (9,527)	$ (9,707)	$ (10,666)		$ (12,819)
Retained earnings, net of deferred taxes			149,140	$ 114,846	149,140	$ 114,846	$ 142,882	139,834	$ 116,589		110,155
Accrued interest receivable on loans			4,000		4,000			4,100
Accrued interest receivable on available for sale securities			$ 2,200		$ 2,200			$ 947
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Exchange Underwriters
Real Estate Properties [Line Items]
Cash transferred		$ 30,500
Pre tax gain	$ 24,600
Cumulative Effect, Period of Adoption, Adjustment
Real Estate Properties [Line Items]
Retained earnings, net of deferred taxes											2,092
Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Real Estate Properties [Line Items]
Decrease in allowance for credit loss										$ 3,400	$ 3,385
Allowance for credit losses for unfunded commitments										718
Retained earnings, net of deferred taxes										$ 2,100
Pennsylvania
Real Estate Properties [Line Items]
Number of branches | branch			9		9
West Virginia
Real Estate Properties [Line Items]
Number of branches | branch			3		3

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Income	$ 3,219	$ 2,672	$ 10,065	$ 9,586
Weighted-Average Basic Common Shares Outstanding (in shares)	5,137,586	5,115,026	5,136,546	5,112,223
Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock) (in shares)	209,164	11,520	192,064	6,056
Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding (in shares)	5,346,750	5,126,546	5,328,610	5,118,279
Earnings Per Share:
Basic (in dollars per share)	$ 0.63	$ 0.52	$ 1.96	$ 1.88
Diluted (in dollars per share)	$ 0.60	$ 0.52	$ 1.89	$ 1.87

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Diluted Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	275,208	339,123	292,308	339,123
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	25,352	0	60,727

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Investment Securities Available-for-sale (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Available-for-Sale Debt Securities:
Amortized Cost	$ 285,920	$ 225,854
Gross Unrealized Gains	1,219	373
Gross Unrealized Losses	(18,894)	(21,720)
Fair Value	268,245	204,507
Equity Securities:
Total Equity Securities	2,636	2,588
Total Securities	270,881	207,095
U.S. Government Agencies
Available-for-Sale Debt Securities:
Amortized Cost	4,996	4,995
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(874)	(1,046)
Fair Value	4,122	3,949
Obligations of States and Political Subdivisions
Available-for-Sale Debt Securities:
Amortized Cost	3,492	3,481
Gross Unrealized Gains	18	5
Gross Unrealized Losses	(37)	(113)
Fair Value	3,473	3,373
Mortgage-Backed Securities - Government-Sponsored Enterprises
Available-for-Sale Debt Securities:
Amortized Cost	54,676	57,377
Gross Unrealized Gains	826	141
Gross Unrealized Losses	(2,525)	(2,986)
Fair Value	52,977	54,532
Collateralized Mortgage Obligations - Government-Sponsored Enterprises
Available-for-Sale Debt Securities:
Amortized Cost	113,518	120,655
Gross Unrealized Gains	334	227
Gross Unrealized Losses	(13,617)	(15,752)
Fair Value	100,235	105,130
Collateralized Loan Obligations
Available-for-Sale Debt Securities:
Amortized Cost	99,758	29,862
Gross Unrealized Gains	41	0
Gross Unrealized Losses	(226)	(58)
Fair Value	99,573	29,804
Corporate Debt
Available-for-Sale Debt Securities:
Amortized Cost	9,480	9,484
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,615)	(1,765)
Fair Value	7,865	7,719
Mutual Funds
Equity Securities:
Total Equity Securities	906	888
Other
Equity Securities:
Total Equity Securities	$ 1,730	$ 1,700

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Less than 12 months
Number of Securities | security	11	2
Fair Value	$ 77,320	$ 8,513
Gross Unrealized Losses	$ (276)	$ (87)
12 Months or Greater
Number of Securities | security	38	39
Fair Value	$ 98,132	$ 103,422
Gross Unrealized Losses	$ (18,618)	$ (21,633)
Total
Number of Securities | security	49	41
Fair Value	$ 175,452	$ 111,935
Gross Unrealized Losses	$ (18,894)	$ (21,720)
U.S. Government Agencies
Less than 12 months
Number of Securities | security	0	0
Fair Value	$ 0	$ 0
Gross Unrealized Losses	$ 0	$ 0
12 Months or Greater
Number of Securities | security	1	1
Fair Value	$ 4,122	$ 3,949
Gross Unrealized Losses	$ (874)	$ (1,046)
Total
Number of Securities | security	1	1
Fair Value	$ 4,122	$ 3,949
Gross Unrealized Losses	$ (874)	$ (1,046)
Obligations of States and Political Subdivisions
Less than 12 months
Number of Securities | security	0	0
Fair Value	$ 0	$ 0
Gross Unrealized Losses	$ 0	$ 0
12 Months or Greater
Number of Securities | security	5	6
Fair Value	$ 2,373	$ 2,823
Gross Unrealized Losses	$ (37)	$ (113)
Total
Number of Securities | security	5	6
Fair Value	$ 2,373	$ 2,823
Gross Unrealized Losses	$ (37)	$ (113)
Mortgage-Backed Securities - Government-Sponsored Enterprises
Less than 12 months
Number of Securities | security	0	0
Fair Value	$ 0	$ 0
Gross Unrealized Losses	$ 0	$ 0
12 Months or Greater
Number of Securities | security	8	8
Fair Value	$ 16,127	$ 17,135
Gross Unrealized Losses	$ (2,525)	$ (2,986)
Total
Number of Securities | security	8	8
Fair Value	$ 16,127	$ 17,135
Gross Unrealized Losses	$ (2,525)	$ (2,986)
Collateralized Mortgage Obligations - Government-Sponsored Enterprises
Less than 12 months
Number of Securities | security	1	1
Fair Value	$ 8,469	$ 5,603
Gross Unrealized Losses	$ (50)	$ (29)
12 Months or Greater
Number of Securities | security	21	21
Fair Value	$ 67,645	$ 71,796
Gross Unrealized Losses	$ (13,567)	$ (15,723)
Total
Number of Securities | security	22	22
Fair Value	$ 76,114	$ 77,399
Gross Unrealized Losses	$ (13,617)	$ (15,752)
Collateralized Loan Obligations
Less than 12 months
Number of Securities | security	10	1
Fair Value	$ 68,851	$ 2,910
Gross Unrealized Losses	$ (226)	$ (58)
12 Months or Greater
Number of Securities | security	0	0
Fair Value	$ 0	$ 0
Gross Unrealized Losses	$ 0	$ 0
Total
Number of Securities | security	10	1
Fair Value	$ 68,851	$ 2,910
Gross Unrealized Losses	$ (226)	$ (58)
Corporate Debt
Less than 12 months
Number of Securities | security	0	0
Fair Value	$ 0	$ 0
Gross Unrealized Losses	$ 0	$ 0
12 Months or Greater
Number of Securities | security	3	3
Fair Value	$ 7,865	$ 7,719
Gross Unrealized Losses	$ (1,615)	$ (1,765)
Total
Number of Securities | security	3	3
Fair Value	$ 7,865	$ 7,719
Gross Unrealized Losses	$ (1,615)	$ (1,765)

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Public Funds and Sweep Deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities, available-for-sale, pledged	$ 260.3	$ 196.8
Public Deposits, Short Term Borrowings and Other
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities, available-for-sale, pledged	$ 175.1	$ 157.3

Securities - Maturities of Inve

Securities - Maturities of Investment Securities Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
Due in One Year or Less	$ 0
Due after One Year through Five Years	736
Due after Five Years through Ten Years	53,033
Due after Ten Years	232,151
Amortized Cost	285,920	$ 225,854
Fair Value
Due in One Year or Less	0
Due after One Year through Five Years	732
Due after Five Years through Ten Years	51,595
Due after Ten Years	215,918
Total	$ 268,245	$ 204,507

Securities - Gains (Losses) of

Securities - Gains (Losses) of Sales of Available-for-sale Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity Securities
Net Unrealized Gain (Loss) Recognized on Securities Held	$ 245	$ (37)	$ 49	$ (369)
Net Realized Gain Recognized on Securities Sold	0	0	0	0
Net Gain (Loss) on Equity Securities	245	(37)	49	(369)
Net Gain (Loss) on Securities	$ 245	$ (37)	$ 49	$ (369)

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) class	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Receivables [Abstract]
Real estate loan classes | class			3
Net unamortized loan fees	$ 714		$ 714		$ 1,000
Financing receivable, nonaccrual, interest income	16	$ 41	58	$ 127
Mortgage loans in process of foreclosure, amount	$ 1,300		$ 1,300		$ 907

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Classification of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,065,755		$ 1,110,396
Allowance for Credit Losses	(9,479)	$ (9,527)	(9,707)	$ (10,848)	$ (10,666)	$ (12,819)
Loans, Net	1,056,276		1,100,689
Real Estate | Residential
Loans and Leases Receivable Disclosure [Line Items]
Loans	338,926		347,808
Allowance for Credit Losses	(2,618)	(2,844)	(3,129)	(2,899)	(2,356)	(2,074)
Real Estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans	464,354		467,154
Allowance for Credit Losses	(3,703)	(3,082)	(2,630)	(3,329)	(3,216)	(5,810)
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Loans	43,515		43,116
Allowance for Credit Losses	(693)	(744)	(639)	(1,040)	(938)	(502)
Commercial and Industrial
Loans and Leases Receivable Disclosure [Line Items]
Loans	108,554		111,278
Allowance for Credit Losses	(1,282)	(1,485)	(1,693)	(1,919)	(2,140)	(2,313)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans	80,004		111,643
Allowance for Credit Losses	(923)	(1,131)	(1,367)	(1,444)	(1,848)	(1,517)
Other
Loans and Leases Receivable Disclosure [Line Items]
Loans	30,402		29,397
Allowance for Credit Losses	$ (260)	$ (241)	$ (249)	$ (217)	$ (168)	$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Summary of Loans by Year of Origination (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Total Loans
2024/2023	$ 87,349	$ 157,444
2023/2022	147,729	227,244
2022/2021	205,477	177,387
2021/2020	154,510	133,836
2020/2019	122,729	101,327
Prior	304,221	254,528
Revolving Loans Amortized Cost Basis	43,740	58,630
Total	1,065,755	1,110,396
Gross Charge Offs
2024/2023	0	0
2023/2022	26	163
2022/2021	182	44
2021/2020	36	18
2020/2019	36	2
Prior	24	314
Revolving Loans Amortized Cost Basis	73	48
Total	377	589
Real Estate | Residential
Total Loans
2024/2023	12,708	33,579
2023/2022	33,695	50,937
2022/2021	49,780	45,256
2021/2020	42,753	58,344
2020/2019	55,615	38,008
Prior	126,750	106,752
Revolving Loans Amortized Cost Basis	17,625	14,932
Total	338,926	347,808
Real Estate | Commercial
Total Loans
2024/2023	38,232	57,672
2023/2022	54,189	77,491
2022/2021	71,932	94,315
2021/2020	88,285	51,801
2020/2019	48,882	54,889
Prior	160,105	128,969
Revolving Loans Amortized Cost Basis	2,729	2,017
Total	464,354	467,154
Real Estate | Construction
Total Loans
2024/2023	2,220	17,811
2023/2022	19,836	14,622
2022/2021	14,165	3,595
2021/2020	413	7,088
2020/2019	6,881	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	43,515	43,116
Commercial and Industrial
Total Loans
2024/2023	33,510	31,609
2023/2022	25,975	16,334
2022/2021	13,012	8,652
2021/2020	5,776	5,568
2020/2019	4,613	3,366
Prior	8,192	10,327
Revolving Loans Amortized Cost Basis	17,476	35,422
Total	108,554	111,278
Consumer
Total Loans
2024/2023	679	12,726
2023/2022	9,992	49,027
2022/2021	36,061	25,528
2021/2020	17,253	10,389
2020/2019	6,145	3,786
Prior	4,522	4,779
Revolving Loans Amortized Cost Basis	5,352	5,408
Total	80,004	111,643
Other
Total Loans
2024/2023	0	4,047
2023/2022	4,042	18,833
2022/2021	20,527	41
2021/2020	30	646
2020/2019	593	1,278
Prior	4,652	3,701
Revolving Loans Amortized Cost Basis	558	851
Total	30,402	29,397
Pass | Real Estate | Residential
Total Loans
2024/2023	12,708	33,579
2023/2022	33,695	49,903
2022/2021	48,771	44,749
2021/2020	42,753	58,344
2020/2019	55,615	38,008
Prior	125,276	104,931
Revolving Loans Amortized Cost Basis	17,625	14,932
Total	336,443	344,446
Pass | Real Estate | Commercial
Total Loans
2024/2023	32,514	56,466
2023/2022	53,022	72,006
2022/2021	68,152	85,285
2021/2020	83,744	49,356
2020/2019	46,497	49,442
Prior	147,497	112,749
Revolving Loans Amortized Cost Basis	2,729	2,017
Total	434,155	427,321
Pass | Real Estate | Construction
Total Loans
2024/2023	2,220	13,322
2023/2022	16,251	12,469
2022/2021	14,165	2,932
2021/2020	144	540
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	32,780	29,263
Pass | Commercial and Industrial
Total Loans
2024/2023	33,510	31,609
2023/2022	25,975	16,334
2022/2021	13,012	8,652
2021/2020	5,776	5,556
2020/2019	4,613	3,366
Prior	4,887	2,875
Revolving Loans Amortized Cost Basis	17,476	32,172
Total	105,249	100,564
Pass | Consumer
Total Loans
2024/2023	679	12,726
2023/2022	9,992	49,027
2022/2021	36,061	25,528
2021/2020	17,232	10,365
2020/2019	6,124	3,786
Prior	4,423	4,715
Revolving Loans Amortized Cost Basis	5,352	5,408
Total	79,863	111,555
Pass | Other
Total Loans
2024/2023	0	4,047
2023/2022	4,042	17,248
2022/2021	19,014	41
2021/2020	30	646
2020/2019	593	1,278
Prior	4,652	3,701
Revolving Loans Amortized Cost Basis	558	851
Total	28,889	27,812
Special Mention | Real Estate | Residential
Total Loans
2024/2023	0	0
2023/2022	0	1,034
2022/2021	1,009	507
2021/2020	0	0
2020/2019	0	0
Prior	0	345
Revolving Loans Amortized Cost Basis	0	0
Total	1,009	1,886
Special Mention | Real Estate | Commercial
Total Loans
2024/2023	5,718	1,206
2023/2022	1,167	5,485
2022/2021	3,479	9,030
2021/2020	4,541	2,445
2020/2019	283	2,730
Prior	7,191	10,281
Revolving Loans Amortized Cost Basis	0	0
Total	22,379	31,177
Special Mention | Real Estate | Construction
Total Loans
2024/2023	0	4,489
2023/2022	3,585	2,153
2022/2021	0	663
2021/2020	269	6,548
2020/2019	6,881	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	10,735	13,853
Special Mention | Commercial and Industrial
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	12
2020/2019	0	0
Prior	3,305	3,215
Revolving Loans Amortized Cost Basis	0	3,250
Total	3,305	6,477
Special Mention | Consumer
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Special Mention | Other
Total Loans
2024/2023	0	0
2023/2022	0	1,585
2022/2021	1,513	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	1,513	1,585
Substandard | Real Estate | Residential
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	1,474	1,476
Revolving Loans Amortized Cost Basis	0	0
Total	1,474	1,476
Substandard | Real Estate | Commercial
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	301	0
2021/2020	0	0
2020/2019	2,102	2,717
Prior	5,417	5,939
Revolving Loans Amortized Cost Basis	0	0
Total	7,820	8,656
Substandard | Real Estate | Construction
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Substandard | Commercial and Industrial
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	4,237
Revolving Loans Amortized Cost Basis	0	0
Total	0	4,237
Substandard | Consumer
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	21	24
2020/2019	21	0
Prior	99	64
Revolving Loans Amortized Cost Basis	0	0
Total	141	88
Substandard | Other
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful | Real Estate | Residential
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful | Real Estate | Commercial
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful | Real Estate | Construction
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful | Commercial and Industrial
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful | Consumer
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful | Other
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss | Real Estate | Residential
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss | Real Estate | Commercial
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss | Real Estate | Construction
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss | Commercial and Industrial
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss | Consumer
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss | Other
Total Loans
2024/2023	0	0
2023/2022	0	0
2022/2021	0	0
2021/2020	0	0
2020/2019	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	$ 0	$ 0

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Loans by Aging Categories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans	$ 1,065,755	$ 1,110,396
Non- Accrual	2,047	2,240
Loans Current
Financing Receivable, Past Due [Line Items]
Loans	1,055,259	1,103,523
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	8,449	4,633
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	7,856	4,406
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	593	227
90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate | Residential
Financing Receivable, Past Due [Line Items]
Loans	338,926	347,808
Non- Accrual	1,286	1,476
Real Estate | Commercial
Financing Receivable, Past Due [Line Items]
Loans	464,354	467,154
Non- Accrual	620	360
Real Estate | Construction
Financing Receivable, Past Due [Line Items]
Loans	43,515	43,116
Non- Accrual	0	0
Real Estate | Loans Current | Residential
Financing Receivable, Past Due [Line Items]
Loans	334,928	342,852
Real Estate | Loans Current | Commercial
Financing Receivable, Past Due [Line Items]
Loans	458,865	466,794
Real Estate | Loans Current | Construction
Financing Receivable, Past Due [Line Items]
Loans	43,515	43,116
Real Estate | Total Past Due | Residential
Financing Receivable, Past Due [Line Items]
Loans	2,712	3,480
Real Estate | Total Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans	4,869	0
Real Estate | Total Past Due | Construction
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate | 30-59 Days Past Due | Residential
Financing Receivable, Past Due [Line Items]
Loans	2,145	3,339
Real Estate | 30-59 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans	4,869	0
Real Estate | 30-59 Days Past Due | Construction
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate | 60-89 Days Past Due | Residential
Financing Receivable, Past Due [Line Items]
Loans	567	141
Real Estate | 60-89 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate | 60-89 Days Past Due | Construction
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate | 90 Days Or More Past Due | Residential
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate | 90 Days Or More Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate | 90 Days Or More Past Due | Construction
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Loans	108,554	111,278
Non- Accrual	0	316
Commercial and Industrial | Loans Current
Financing Receivable, Past Due [Line Items]
Loans	108,554	110,905
Commercial and Industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	57
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	57
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial and Industrial | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Loans	80,004	111,643
Non- Accrual	141	88
Consumer | Loans Current
Financing Receivable, Past Due [Line Items]
Loans	78,995	110,459
Consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	868	1,096
Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	842	1,010
Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	26	86
Consumer | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Other
Financing Receivable, Past Due [Line Items]
Loans	30,402	29,397
Non- Accrual	0	0
Other | Loans Current
Financing Receivable, Past Due [Line Items]
Loans	30,402	29,397
Other | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Other | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Other | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Other | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	$ 0	$ 0

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Nonaccrual TDRs (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	$ 2,047	$ 2,240
Total Nonperforming Assets	1,065,755	1,110,396
TOTAL ASSETS	1,561,741	1,456,091
Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	2,047	2,240
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	2,047	2,240
Total Other Real Estate Owned	150	162
TOTAL ASSETS	2,197	2,402
Real Estate | Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	1,286	1,476
Total Nonperforming Assets	338,926	347,808
Real Estate | Residential | Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	1,286	1,476
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	1,286	1,476
Total Other Real Estate Owned	150	162
Real Estate | Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	620	360
Total Nonperforming Assets	464,354	467,154
Real Estate | Commercial | Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	620	360
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	620	360
Total Other Real Estate Owned	0	0
Real Estate | Construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	0	0
Total Nonperforming Assets	43,515	43,116
Real Estate | Construction | Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	0
Nonaccrual With ACL	0
Loans Past Due 90 Days Still Accruing	0
Total Nonperforming Assets	0
Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	0	316
Total Nonperforming Assets	108,554	111,278
Commercial and Industrial | Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	0	316
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	0	316
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	141	88
Total Nonperforming Assets	80,004	111,643
Consumer | Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	141	88
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	$ 141	$ 88

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 9,527	$ 10,666	$ 9,707	$ 12,819
Charge-offs	(159)	(277)	(377)	(478)
Recoveries	86	168	254	1,029
Ending balance	9,479	10,848	9,479	10,848
Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				(3,385)
Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
(Recovery) Provision for Credit Losses - Loans	25	291	(105)	863
Real Estate | Residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,844	2,356	3,129	2,074
Charge-offs	0	(109)	0	(206)
Recoveries	0	27	13	41
(Recovery) Provision for Credit Losses - Loans	(226)	625	(524)	853
Ending balance	2,618	2,899	2,618	2,899
Real Estate | Residential | Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				137
Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,082	3,216	2,630	5,810
Charge-offs	0	0	0	0
Recoveries	0	9	0	32
(Recovery) Provision for Credit Losses - Loans	621	104	1,073	731
Ending balance	3,703	3,329	3,703	3,329
Real Estate | Commercial | Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				(3,244)
Real Estate | Construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	744	938	639	502
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
(Recovery) Provision for Credit Losses - Loans	(51)	102	54	50
Ending balance	693	1,040	693	1,040
Real Estate | Construction | Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				488
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,485	2,140	1,693	2,313
Charge-offs	0	0	(12)	0
Recoveries	45	96	132	862
Ending balance	1,282	1,919	1,282	1,919
Commercial and Industrial | Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				(1,057)
Commercial and Industrial | Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
(Recovery) Provision for Credit Losses - Loans	(248)	(317)	(531)	(199)
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,131	1,848	1,367	1,517
Charge-offs	(159)	(168)	(365)	(272)
Recoveries	41	36	109	94
Ending balance	923	1,444	923	1,444
Consumer | Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				774
Consumer | Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
(Recovery) Provision for Credit Losses - Loans	(90)	(272)	(188)	(669)
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	241	168	249	0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	260	217	260	217
Other | Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				120
Other | Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
(Recovery) Provision for Credit Losses - Loans	$ 19	49	$ 11	97
Unallocated
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				603
Charge-offs				0
Recoveries				0
Ending balance		$ 0		0
Unallocated | Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance				(603)
Unallocated | Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
(Recovery) Provision for Credit Losses - Loans				$ 0

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Schedule of Finance Receivable Allowance for Unfunded Commitments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 9,527	$ 10,666	$ 9,707	$ 12,819
Ending balance	9,479	10,848	9,479	10,848
Unfunded Commitments
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	557	658	500	0
Recovery for Credit Losses - Unfunded Commitments	(66)	115	(9)	54
Provision (Recovery) for Credit Losses - Unfunded Commitments	(66)	115		54
Ending balance	$ 491	$ 773	$ 491	773
Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance				(3,385)
Cumulative Effect, Period of Adoption, Adjustment | Adoption of Accounting Standard ASU 2016-13 | Unfunded Commitments
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance				$ 719

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Oct. 31, 2023
Risk Participation Agreement | Derivatives not Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Value Adjustment	$ (118)	$ (94)
Notional Amount	16,303	9,119
Interest Rate Swap | Derivatives Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Value Adjustment	(1,853)	(1,777)
Notional Amount	$ 75,000	$ 75,000	$ 75,000

Fair Value Disclosure - Assets

Fair Value Disclosure - Assets and Liabilities Reported Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 268,245	$ 204,507
Total Equity Securities	2,636	2,588
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	268,245	204,507
Total Equity Securities	2,636	2,588
Total Securities	270,881	207,095
Total Assets	270,881	207,095
Total Liabilities	1,971	1,871
U.S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,122	3,949
Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,473	3,373
Mortgage-Backed Securities - Government-Sponsored Enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	52,977	54,532
Collateralized Mortgage Obligations - Government-Sponsored Enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	100,235	105,130
Collateralized Loan Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	99,573	29,804
Corporate Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,865	7,719
Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Equity Securities	906	888
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Equity Securities	1,730	1,700
Level 2 | Fair Value, Recurring | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Liabilities	1,853	1,777
Level 2 | Fair Value, Recurring | Risk Participation Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Liabilities	118	94
Level 2 | U.S. Government Agencies | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,122	3,949
Level 2 | Obligations of States and Political Subdivisions | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,473	3,373
Level 2 | Mortgage-Backed Securities - Government-Sponsored Enterprises | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	52,977	54,532
Level 2 | Collateralized Mortgage Obligations - Government-Sponsored Enterprises | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	100,235	105,130
Level 2 | Collateralized Loan Obligations | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	99,573	29,804
Level 2 | Corporate Debt | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,865	7,719
Level 1 | Mutual Funds | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Equity Securities	906	888
Level 1 | Other | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Equity Securities	$ 1,730	$ 1,700

Fair Value Disclosure - Signifi

Fair Value Disclosure - Significant Unobservable Inputs Used in the Fair Value Measurements (Details) - Level 3 - Fair Value, Nonrecurring $ in Thousands	Dec. 31, 2023 USD ($)
Financial Assets:
OREO	$ 0
Measurement Input, Cost to Sell | Weighted Average
Range
OREO	1
Appraisal of Collateral | Measurement Input, Cost to Sell | Minimum
Range
OREO	1
Appraisal of Collateral | Measurement Input, Cost to Sell | Maximum
Range
OREO	1

Fair Value Disclosure - Narrati

Fair Value Disclosure - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Fair Value Disclosures [Abstract]
OREO outstanding	$ 37
OREO write-downs	$ 37

Fair Value Disclosure - Estimat

Fair Value Disclosure - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial Assets:
Fair Value	$ 268,245	$ 204,507
Other Borrowed Funds
Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	true	true
Carrying Value
Financial Assets:
Fair Value	$ 270,881	$ 207,095
Fair Value
Financial Assets:
Fair Value	270,881	207,095
Level 1 | Carrying Value
Financial Assets:
Interest-Earning	138,570	62,442
Noninterest-Earning	8,755	5,781
Level 1 | Fair Value
Financial Assets:
Interest-Earning	138,570	62,442
Noninterest-Earning	8,755	5,781
Level 2 | Carrying Value
Financial Assets:
Loans Held for Sale	428	0
Restricted Stock	3,076	3,345
Accrued Interest Receivable	6,246	5,086
Financial Liabilities:
Deposits	1,353,820	1,267,159
Other Borrowed Funds
FHLB Borrowings	20,000	20,000
Subordinated Debt	14,708	14,678
Derivative Financial Liabilities	1,971	1,871
Accrued Interest Payable	3,178	1,814
Level 2 | Fair Value
Financial Assets:
Loans Held for Sale	428	0
Restricted Stock	3,076	3,345
Accrued Interest Receivable	6,246	5,086
Financial Liabilities:
Deposits	1,354,983	1,263,574
Other Borrowed Funds
FHLB Borrowings	20,018	19,962
Subordinated Debt	14,037	13,378
Derivative Financial Liabilities	1,971	1,871
Accrued Interest Payable	3,178	1,814
Level 3 | Carrying Value
Financial Assets:
Loans, Net	1,056,276	1,100,689
Mortgage Servicing Rights	481	540
Level 3 | Fair Value
Financial Assets:
Loans, Net	1,041,567	1,051,722
Mortgage Servicing Rights	$ 836	$ 974

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Unused and Available Credit Balances of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Total Commitments	$ 179,732	$ 146,092
Standby Letters of Credit
Loss Contingencies [Line Items]
Total Commitments	75	110
Performance Letters of Credit
Loss Contingencies [Line Items]
Total Commitments	795	895
Construction Loans
Loss Contingencies [Line Items]
Total Commitments	40,014	47,034
Personal Lines of Credit
Loss Contingencies [Line Items]
Total Commitments	6,926	7,185
Overdraft Protection Lines
Loss Contingencies [Line Items]
Total Commitments	4,452	2,025
Home Equity Lines of Credit
Loss Contingencies [Line Items]
Total Commitments	27,219	24,176
Commercial Lines of Credit
Loss Contingencies [Line Items]
Total Commitments	$ 100,251	$ 64,667

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($)	Apr. 08, 2024	Mar. 29, 2024	Sep. 30, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]			Accrued Interest Receivable and Other Assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]			Accrued Interest Payable and Other Liabilities
Operating lease ROU asset			$ 2,849,000	$ 1,673,000
Lease liability			$ 2,950,000
Rostraver, Pennsylvania
Lessee, Lease, Description [Line Items]
Sale and leaseback sales price		$ 1,100,000
Sale and leaseback pre-tax net gain		$ 274,000
Sale and leaseback term		20 years
Sale and leaseback annual rent escalation		2%
Operating lease ROU asset		$ 1,000,000
Lease liability		$ 1,000,000
Uniontown, Pennsylvania
Lessee, Lease, Description [Line Items]
Operating lease ROU asset	$ 410,000
Lease liability	$ 410,000
Lease term	5 years
Annual rent escalation percentage	2.50%

Leases - Operating Leases (Deta

Leases - Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Leases [Abstract]
Operating Lease Expense	$ 139	$ 77	$ 315	$ 231
Variable Lease Expense	10	7	26	22
Total Lease Expense	149	$ 84	341	$ 253
Operating Leases:
ROU Assets	$ 2,849		$ 2,849		$ 1,673
Weighted Average Lease Term in Years	11 years 1 month 9 days		11 years 1 month 9 days		7 years 6 months
Weighted Average Discount Rate	4.16%		4.16%		2.86%

Leases - Maturity of Operating

Leases - Maturity of Operating Lease (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
Due in One Year	$ 495
Due After One Year to Two Years	421
Due After Two Years to Three Years	403
Due After Three Years to Four Years	384
Due After Four to Five Years	312
Due After Five Years	1,873
Total	3,888
Less: Present Value Discount	938
Lease Liabilities	$ 2,950

Segment and Related Informati_3

Segment and Related Information - Narrative (Details) $ in Thousands			3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 08, 2023 USD ($)	Dec. 01, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 segment
Segment Reporting Information [Line Items]
Number of operating segments | segment					1		2
Gain on Sale of Subsidiary			$ 138	$ 0	$ 138	$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Exchange Underwriters
Segment Reporting Information [Line Items]
Cash transferred		$ 30,500
Gain on Sale of Subsidiary	$ 24,600

Segment and Related Informati_4

Segment and Related Information - Reconciliation of Financial Data from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Assets	$ 1,561,741		$ 1,561,741			$ 1,456,091
Liabilities	1,412,601		1,412,601			1,316,257
Stockholders' Equity	149,140	$ 114,846	149,140	$ 114,846	$ 142,882	139,834	$ 116,589	$ 110,155
Interest and Dividend Income	19,773	15,874	56,699	45,321
Interest Expense	8,299	5,157	22,163	11,902
NET INTEREST AND DIVIDEND INCOME	11,474	10,717	34,536	33,419
NET INTEREST AND DIVIDEND INCOME AFTER NET (RECOVERY) PROVISION FOR CREDIT LOSSES	11,515	10,311	34,650	32,502
Noninterest Income	1,233	2,412	3,839	7,493
Noninterest Expense	8,782	9,487	26,197	28,017
Undistributed Net Income of Subsidiary	0	0	0	0
Income Before Income Tax Expense	3,966	3,236	12,292	11,978
Income Tax Expense	747	564	2,227	2,392
NET INCOME	3,219	2,672	10,065	9,586
Loans
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	25	291	(105)	863
Unfunded Commitments
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	(66)	115	(9)	54
Operating Segments | CB Financial Services, Inc.
Segment Reporting Information [Line Items]
Undistributed Net Income of Subsidiary	1,876	1,529	6,526
Operating Segments | Community Bank
Segment Reporting Information [Line Items]
Assets	1,559,417		1,559,417			1,452,469
Liabilities	1,412,694		1,412,694			1,315,110
Stockholders' Equity	146,723		146,723			137,359
Interest and Dividend Income	19,752	15,853	56,636	45,257
Interest Expense	8,144	5,002	21,698	11,436
NET INTEREST AND DIVIDEND INCOME	11,608	10,851	34,938	33,821
NET INTEREST AND DIVIDEND INCOME AFTER NET (RECOVERY) PROVISION FOR CREDIT LOSSES	11,649	10,445	35,052	32,904
Noninterest Income	874	1,006	3,662	2,918
Noninterest Expense	8,777	8,344	26,178	24,725
Undistributed Net Income of Subsidiary	106	214	106	1,179
Income Before Income Tax Expense	3,852	3,321	12,642	12,276
Income Tax Expense	691	514	2,265	2,074
NET INCOME	3,161	2,807	10,377	10,202
Operating Segments | Community Bank | Loans
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	25	291	(105)	863
Operating Segments | Community Bank | Unfunded Commitments
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	(66)	115	(9)	54
Operating Segments | Insurance Brokerage Services Segment | Exchange Underwriters, Inc.
Segment Reporting Information [Line Items]
Assets	26,182		26,182			28,830
Liabilities	4,818		4,818			7,571
Stockholders' Equity	21,364		21,364			21,259
Interest and Dividend Income	0	1	0	5
Interest Expense	0	0	0	0
NET INTEREST AND DIVIDEND INCOME	0	1	0	5
NET INTEREST AND DIVIDEND INCOME AFTER NET (RECOVERY) PROVISION FOR CREDIT LOSSES	0	1	0	5
Noninterest Income	146	1,436	146	4,937
Noninterest Expense	0	1,137	0	3,281
Undistributed Net Income of Subsidiary	0	0	0	0
Income Before Income Tax Expense	146	300	146	1,661
Income Tax Expense	40	86	40	482
NET INCOME	106	214	106	1,179
Operating Segments | Insurance Brokerage Services Segment | Exchange Underwriters, Inc. | Loans
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	0	0	0	0
Operating Segments | Insurance Brokerage Services Segment | Exchange Underwriters, Inc. | Unfunded Commitments
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	0	0	0	0
Operating Segments | Insurance Brokerage Services Segment | CB Financial Services, Inc.
Segment Reporting Information [Line Items]
Assets	164,038		164,038			154,698
Liabilities	14,898		14,898			14,864
Stockholders' Equity	149,140		149,140			139,834
Interest and Dividend Income	1,306	1,298	3,914	3,889
Interest Expense	155	155	465	466
NET INTEREST AND DIVIDEND INCOME	1,151	1,143	3,449	3,423
NET INTEREST AND DIVIDEND INCOME AFTER NET (RECOVERY) PROVISION FOR CREDIT LOSSES	1,151	1,143	3,449	3,423
Noninterest Income	213	(30)	31	(362)
Noninterest Expense	5	6	19	11
Undistributed Net Income of Subsidiary				6,372
Income Before Income Tax Expense	3,235	2,636	9,987	9,422
Income Tax Expense	16	(36)	(78)	(164)
NET INCOME	3,219	2,672	10,065	9,586
Operating Segments | Insurance Brokerage Services Segment | CB Financial Services, Inc. | Loans
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	0	0	0	0
Operating Segments | Insurance Brokerage Services Segment | CB Financial Services, Inc. | Unfunded Commitments
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	0	0	0	0
Net Eliminations
Segment Reporting Information [Line Items]
Assets	(187,896)		(187,896)			(179,906)
Liabilities	(19,809)		(19,809)			(21,288)
Stockholders' Equity	(168,087)		(168,087)			$ (158,618)
Interest and Dividend Income	(1,285)	(1,278)	(3,851)	(3,830)
Interest Expense	0	0	0	0
NET INTEREST AND DIVIDEND INCOME	(1,285)	(1,278)	(3,851)	(3,830)
NET INTEREST AND DIVIDEND INCOME AFTER NET (RECOVERY) PROVISION FOR CREDIT LOSSES	(1,285)	(1,278)	(3,851)	(3,830)
Noninterest Income	0	0	0	0
Noninterest Expense	0	0	0	0
Undistributed Net Income of Subsidiary	(1,982)	(1,743)	(6,632)	(7,551)
Income Before Income Tax Expense	(3,267)	(3,021)	(10,483)	(11,381)
Income Tax Expense	0	0	0	0
NET INCOME	(3,267)	(3,021)	(10,483)	(11,381)
Net Eliminations | Loans
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	0	0	0	0
Net Eliminations | Unfunded Commitments
Segment Reporting Information [Line Items]
Recovery for Credit Losses - Unfunded Commitments	$ 0	$ 0	$ 0	$ 0

Stock Based Compensation - Stoc

Stock Based Compensation - Stock Option Activity (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares
Number of Shares
Beginning balance (in shares) | shares	337,444
Granted (in shares) | shares	93,950
Exercised (in shares) | shares	(6,230)
Forfeited (in shares) | shares	(21,816)
Ending balance (in shares) | shares	403,348	337,444
Exercisable (in shares) | shares	212,034
Weighted Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 24.11
Granted (in dollars per share) | $ / shares	22.12
Exercised (in dollars per share) | $ / shares	24.25
Forfeited (in dollars per share) | $ / shares	25.12
Ending balance (in dollars per share) | $ / shares	23.58	$ 24.11
Exercisable (in dollars per share) | $ / shares	$ 24.21
Weighted Average Remaining Contractual Life in Years
Outstanding	5 years 8 months 12 days	5 years 7 months 6 days
Exercisable	3 years 2 months 12 days

Stock Based Compensation - Nonv

Stock Based Compensation - Nonvested Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Number of Shares
Nonvested (in shares) | shares	190,973
Weighted Average Exercise Price
Nonvested (in dollars per share) | $ / shares	$ 22.89
Weighted Average Remaining Contractual Life in Years
Nonvested (in years)	8 years 7 months 6 days

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Significant Assumptions for Newly Issued Stock Options (Details) - Stock Options	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Term in Years	6 years 6 months
Expected Volatility	30.40%
Expected Dividends | $	$ 1
Risk Free Rate of Return	3.98%
Weighted Average Grant Date Fair Value (per share) | $ / shares	$ 4.81

Share Based Compensation - Rest

Share Based Compensation - Restricted Stock Award Activity (Details) - Restricted Stock - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Number of Shares
Beginning balance (in shares)	68,777
Granted (in shares)	25,410
Vested (in shares)	(10,833)
Forfeited (in shares)	(1,990)
Ending balance (in shares)	81,364	68,777
Weighted Average Grant Date Fair Value Price
Beginning balance (in dollars per share)	$ 23.16
Granted (in dollars per share)	22.12
Vested (in dollars per share)	23.18
Forfeited (in dollars per share)	22.63
Ending balance (in dollars per share)	$ 22.84	$ 23.16
Weighted Average Remaining Contractual Life in Years
Nonvested	3 years	3 years 9 months 18 days

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 215,000	$ 196,000	$ 591,000	$ 557,000
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount	761,000		761,000		$ 505,000
Share-based Payment arrangement, nonvested award, excluding option, cost not yet recognized, amount	1,500,000		1,500,000		1,400,000
Share-based compensation arrangement by share-based payment award, options, outstanding, intrinsic value	1,800,000		$ 1,800,000		$ 335,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)			5 years
Stock-based compensation expense related to restricted stock awards and stock options	$ 215,000	196,000
Number of shares authorized (in shares)	287,500		287,500		161,464
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)			5 years
Stock-based compensation expense related to restricted stock awards and stock options	$ 215,000	$ 196,000
Number of shares authorized (in shares)					64,586

Variable Interest Entities (Det

Variable Interest Entities (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Low Income Housing Tax Credit Investments	$ 6,000	$ 0
Less: Amortization	0	0
Net Low Income Housing Tax Credit Investments	6,000	0
Unfunded Commitments	$ 5,396	$ 0