FVCBankcorp (FVCB) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 03, 2020
Document and Entity Information
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Entity Registrant Name	FVCBankcorp, Inc.
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38647
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	47-5020283
Entity Address, Address Line One	11325 Random Hills Road
Entity Address, City or Town	Fairfax
Entity Address, Country	VA
Entity Address, Postal Zip Code	22030
City Area Code	703
Local Phone Number	436-3800
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Trading Symbol	FVCB
Entity Common Stock, Shares Outstanding		13,478,459
Entity Central Index Key	0001675644
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks		$ 25,613	$ 14,916	[1]
Interest-bearing deposits at other financial institutions		64,989	18,226	[1]
Securities held-to-maturity (fair value of $0.3 million for both June 30, 2020 and December 31, 2019)		264	264	[1]
Securities available-for-sale, at fair value		121,818	141,325	[1]
Restricted stock, at cost		6,608	6,017	[1]
Loans held for sale, at fair value		8,800	11,198	[1]
Loans, net of allowance for loan losses of $12.9 million and $10.2 million at June 30, 2020 and December 31, 2019, respectively		1,465,226	1,260,295	[1]
Premises and equipment, net		1,818	2,084	[1]
Accrued interest receivable		7,186	4,094	[1]
Prepaid expenses		1,689	546	[1]
Deferred tax assets, net		7,256	7,683	[1]
Goodwill and intangibles, net		8,525	8,689	[1]
Bank owned life insurance (BOLI)		37,633	37,069	[1]
Other real estate owned (OREO)		3,866	3,866	[1]
Operating lease right-of-use assets		11,724	13,279	[1]
Other assets		16,934	7,744	[1]
Total assets		1,781,149	1,537,295	[1]
Deposits:
Noninterest-bearing		442,443	306,235	[1]
Interest-bearing checking, savings and money market		675,965	557,148	[1]
Time deposits		400,628	422,339	[1]
Total deposits		1,519,036	1,285,722	[1]
Federal Funds Purchased	[1]		10,000
FHLB advances		25,000	15,000	[1]
Subordinated notes, net of issuance costs		24,527	24,487	[1]
Accrued interest payable		524	605	[1]
Operating lease liabilities		12,704	13,686	[1]
Accrued expenses and other liabilities		18,706	8,717	[1]
Total liabilities		1,600,497	1,358,217	[1]
Commitments and Contingent Liabilities				[1]
Stockholders' Equity
Common stock, $0.01 par value		135	139	[1]
Additional paid-in capital		119,139	125,779	[1]
Retained earnings		59,083	52,470	[1]
Accumulated other comprehensive income, net		2,295	690	[1]
Total stockholders' equity		180,652	179,078	[1]
Total liabilities and stockholders' equity		$ 1,781,149	$ 1,537,295	[1]
[1]	Derived from audited consolidated financial statements.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Consolidated Balance Sheets
Securities held to maturity, fair value	$ 274	$ 270
Allowance for loan losses	$ 12,894	$ 10,231
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	13,459,317	13,902,067
Common stock, shares outstanding	13,459,317	13,902,067

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest and Dividend Income
Interest and fees on loans	$ 15,414	$ 15,819	$ 31,299	$ 30,686
Interest and dividends on securities held-to-maturity	1	13	3	26
Interest and dividends on securities available-for-sale	753	886	1,627	1,777
Dividends on restricted stock	92	79	181	146
Interest on deposits at other financial institutions	21	193	102	315
Total interest and dividend income	16,281	16,990	33,212	32,950
Interest Expense
Interest on deposits	3,125	4,192	7,301	7,932
Interest on federal funds purchased		32	79	93
Interest on short-term debt	66		136
Interest on subordinated notes	395	395	790	790
Total interest expense	3,586	4,619	8,306	8,815
Net Interest Income	12,695	12,371	24,906	24,135
Provision for loan losses	1,750	505	2,816	1,020
Net interest income after provision for loan losses	10,945	11,866	22,090	23,115
Noninterest Income
Service charges on deposit accounts	223	229	463	411
Gain on sale of securities available-for-sale			97
Loss on loans held for sale			(451)
BOLI income	282	110	565	215
Other income	182	200	707	651
Total Noninterest Income	687	539	1,381	1,277
Noninterest Expenses
Salaries and employee benefits	3,982	4,245	8,010	8,183
Occupancy and equipment expense	859	873	1,715	1,700
Data processing and network administration	494	343	928	782
State franchise taxes	466	426	932	848
Audit, legal and consulting fees	207	274	432	404
Merger and acquisition expense		16		83
Loan related expenses	273	99	484	168
FDIC insurance	180	111	345	222
Marketing, business development and advertising	25	131	128	289
Director fees	138	122	278	243
Postage, courier and telephone	42	41	86	94
Internet banking	123	101	243	208
Core deposits intangible amortization	88	97	178	198
Impairment loss on long lived assets	676		676
Other operating expenses	445	397	772	758
Total noninterest expenses	7,998	7,276	15,207	14,180
Net income before income tax expense	3,634	5,129	8,264	10,212
Income tax expense	754	1,044	1,651	2,201
Net income	$ 2,880	$ 4,085	$ 6,613	$ 8,011
Earnings per share, basic	$ 0.21	$ 0.30	$ 0.49	$ 0.58
Earnings per share, diluted	$ 0.21	$ 0.28	$ 0.46	$ 0.54

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Comprehensive Income
Net income	$ 2,880	$ 4,085	$ 6,613	$ 8,011
Other comprehensive income (loss):
Unrealized gain on securities available for sale, net of tax expense of $8 and $617 for the three and six months ended June 30, 2020, respectively, net of tax expense of $367 and $734 for the three and six months ended June 30, 2019, respectively	32	1,382	2,324	2,762
Unrealized loss on interest rate swaps, net of tax benefit of $46 and $171 for the three and six months ended June 30, 2020, respectively	(174)		(642)
Reclassification adjustment for gains realized in income, net of tax expense of $0 and $20 for three and six months ended June 30, 2020, respectively			77
Total other comprehensive income (loss)	(142)	1,382	1,605	2,762
Total comprehensive income	$ 2,738	$ 5,467	$ 8,218	$ 10,773

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Comprehensive Income
Tax expense securities available for sale	$ 8	$ 367	$ 617	$ 734
Unrealized loss on interest rate swaps, tax benefit	46		171
Reclassification adjustment for (gain) loss realized in income, tax	$ 0		$ 20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows From Operating Activities
Net income	$ 6,613	$ 8,011
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	312	321
Provision for loan losses	2,816	1,020
Net amortization of premium of securities	214	178
Net amortization of deferred loan costs and purchase premiums	963	293
Net accretion of acquisition accounting adjustments	277	310
Gain on sale of available-for-sale securities	(97)
Loss on loans held for sale	451
Impairment loss on lived assets	676
Payments received on loans held for sale, net	1,107
Amortization of subordinated debt issuance costs	40	40
Core deposits intangible amortization	178	198
Equity-based compensation expense	376	272
BOLI income	(565)	(215)
Changes in assets and liabilities:
Increase in accrued interest receivable, prepaid expenses and other assets	(11,872)	(3,415)
Increase in accrued interest payable, accrued expenses and other liabilities	7,596	1,892
Net cash provided by operating activities	9,085	8,905
Cash Flows From Investing Activities
(Increase) decrease in interest-bearing deposits at other financial institutions	(46,763)	4,911
Purchases of securities available-for-sale	(2,996)	(16,535)
Proceeds from sales of securities available-for-sale	10,206
Proceeds from maturities and calls of securities available-for-sale	1,000
Proceeds from redemptions of securities available-for-sale	14,023	8,919
Net purchase of restricted stock	(591)	(80)
Net increase in loans	(199,359)	(98,573)
Proceeds from sale of OREO		358
Purchases of BOLI		(10,000)
Purchases of premises and equipment, net	(214)	(99)
Net cash used in investing activities	(224,694)	(111,099)
Cash Flows From Financing Activities
Net increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits	255,025	50,358
Net (decrease) increase in time deposits	(21,699)	56,734
Decrease in federal funds purchased	(10,000)
Net increase in FHLB advances	10,000
Repurchase of shares of common stock	(7,280)
Common stock issuance	260	868
Net cash provided by financing activities	226,306	107,960
Net increase in cash and cash equivalents	10,697	5,766
Cash and cash equivalents, beginning of year	14,916	9,435
Cash and cash equivalents, end of year	$ 25,613	$ 15,201

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss), net	Total
Balance at the beginning of the period at Dec. 31, 2018	$ 137	$ 123,882	$ 36,728	$ (2,411)	$ 158,336
Balance at the beginning of the period (in shares) at Dec. 31, 2018	13,713
Increase (Decrease) in Stockholders' Equity
Net income			8,011		8,011
Adoption of lease accounting standard			(86)		(86)
Other comprehensive income (loss), net of tax				2,762	2,762
Common stock issuance for options exercised, net	$ 1	867			868
Common stock issuance for options exercised, net (in shares)	127
Stock-based compensation expense		272			272
Balance at the end of the period at Jun. 30, 2019	$ 138	125,021	44,653	351	170,163
Balance at the end of the period (in shares) at Jun. 30, 2019	13,840
Balance at the beginning of the period at Mar. 31, 2019	$ 138	124,318	40,568	(1,031)	163,993
Balance at the beginning of the period (in shares) at Mar. 31, 2019	13,755
Increase (Decrease) in Stockholders' Equity
Net income			4,085		4,085
Other comprehensive income (loss), net of tax				1,382	1,382
Common stock issuance for options exercised, net		596			596
Common stock issuance for options exercised, net (in shares)	85
Stock-based compensation expense		107			107
Balance at the end of the period at Jun. 30, 2019	$ 138	125,021	44,653	351	170,163
Balance at the end of the period (in shares) at Jun. 30, 2019	13,840
Balance at the beginning of the period at Dec. 31, 2019	$ 139	125,779	52,470	690	179,078	[1]
Balance at the beginning of the period (in shares) at Dec. 31, 2019	13,902
Increase (Decrease) in Stockholders' Equity
Net income			6,613		6,613
Other comprehensive income (loss), net of tax				1,605	1,605
Repurchase of common stock	$ (5)	(7,275)			(7,280)
Repurchase of common stock (in shares)	(487)
Common stock issuance for options exercised, net	$ 1	259			260
Common stock issuance for options exercised, net (in shares)	44
Stock-based compensation expense		376			376
Balance at the end of the period at Jun. 30, 2020	$ 135	119,139	59,083	2,295	180,652
Balance at the end of the period (in shares) at Jun. 30, 2020	13,459
Balance at the beginning of the period at Mar. 31, 2020	$ 135	118,913	56,203	2,437	177,688
Balance at the beginning of the period (in shares) at Mar. 31, 2020	13,452
Increase (Decrease) in Stockholders' Equity
Net income			2,880		2,880
Other comprehensive income (loss), net of tax				(142)	(142)
Common stock issuance for options exercised, net		56			56
Common stock issuance for options exercised, net (in shares)	7
Stock-based compensation expense		170			170
Balance at the end of the period at Jun. 30, 2020	$ 135	$ 119,139	$ 59,083	$ 2,295	$ 180,652
Balance at the end of the period (in shares) at Jun. 30, 2020	13,459
[1]	Derived from audited consolidated financial statements.

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Organization and Summary of Significant Accounting Policies	Note 1. Organization and Summary of Significant Accounting Policies Organization FVCBankcorp, Inc. (the Company), a Virginia corporation, was formed in 2015 and is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Company is headquartered in Fairfax, Virginia. The Company conducts its business activities through the branch offices of its wholly owned subsidiary bank, FVCbank (the Bank). The Company exists primarily for the purposes of holding the stock of its subsidiary, the Bank. The Bank was organized under the laws of the Commonwealth of Virginia to engage in a general banking business serving the Washington, D.C. metropolitan area. The Bank commenced regular operations on November 27, 2007 and is a member of the Federal Reserve System (the Federal Reserve) and the Federal Deposit Insurance Corporation (FDIC). It is subject to the regulations of the Board of Governors of the Federal Reserve and the State Corporation Commission of Virginia. Consequently, it undergoes periodic examinations by these regulatory authorities. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for interim financial information and follow general practice within the banking industry. Accordingly, the unaudited consolidated financial statements do not include all the information and footnotes required by U.S. GAAP for complete financial statements; however, in the opinion of management, all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of the interim periods presented have been made. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s audited financial statements for the year ended December 31, 2019. Certain prior period amounts have been reclassified to conform to current period presentation. Principles of Consolidation The consolidated financial statements include the accounts of the Company. All material intercompany balances and transactions have been eliminated in consolidation. Significant Accounting Policies The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States of America and conform to general practices within the banking industry. Risks and Uncertainties The outbreak of COVID-19 has adversely impacted a broad range of industries in which our customers operate and could impair their ability to fulfill their financial obligations to us. The World Health Organization has declared COVID-19 to be a global pandemic indicating that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The spread of the outbreak has caused significant disruptions to the U.S. economy and has disrupted banking and other financial activity in the areas we operate. While there has been no material impact to our employees to date, COVID-19 could also potentially create widespread business continuity issues for us. The U.S. Congress, the President, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the CARES Act was signed into law at the end of March 2020 as a $2 trillion legislative package. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The package also includes extensive emergency funding for hospitals and providers. In addition to the general impact of COVID-19, certain provisions of the CARES Act as well as other recent legislative and regulatory relief efforts are expected to have a material impact on our operations. Our business is dependent upon the willingness and ability of our employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 escalates further or is unsuccessful, we could experience a material adverse effect on our business, financial condition, results of operations and cash flows. While it is not possible to know the full universe or extent that the impact of COVID-19, and resulting measures to curtail its spread, will have on our operations, we are aware of the following matters that are potentially material to us and our operations. Financial Condition and Results of Operations Our interest income could be reduced due to COVID-19. Consistent with guidance from regulators, we are actively working with COVID-19 affected borrowers to defer their payments, interest, and fees. While interest and fees will still accrue to income, through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, interest income and fees accrued would need to be reversed. In such a scenario, interest income in future periods could be negatively impacted. At this time, we are unable to project the materiality of such an impact, but recognize the breadth of the economic impact may affect our borrowers' ability to repay in future periods. Our fee income could be reduced due to COVID-19. Consistent with guidance from regulators, we are actively working with COVID-19 affected customers to waive fees from a variety of sources, such as, but not limited to, insufficient funds and overdraft fees, ATM fees, account maintenance fees, etc. These reductions in fees are thought, at this time, to be temporary in conjunction with the length of the expected COVID-19 related economic crisis. At this time, we are unable to project the materiality of such an impact, but recognize the breadth of the economic impact is likely to impact our fee income in future periods. Capital and Liquidity While we believe that we have sufficient capital to withstand an extended economic recession brought about by COVID-19, our regulatory capital ratios could be adversely impacted by future credit losses. We rely on cash on hand as well as dividends from our subsidiary bank to service our debt when necessary. If our capital deteriorates such that our subsidiary bank is unable to pay dividends to us for an extended period of time, we may not be able to service our debt. We maintain access to multiple sources of liquidity. Wholesale funding markets have remained open to us, but rates for short term funding have recently been volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on our net interest margin. If an extended recession caused large numbers of our deposit customers to withdraw their funds, we might become more reliant on volatile or more expensive sources of funding. Asset Valuation Currently, we do not expect COVID-19 to affect our ability to account timely for the valuation of assets on our balance sheet; however, this could change in future periods. While certain valuation assumptions and judgments will change to account for pandemic-related circumstances such as widening credit spreads, we do not anticipate significant changes in methodology used to determine the fair value of assets measured in accordance with GAAP. COVID-19 could cause a further and sustained decline in our stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform a goodwill impairment test and could result in an impairment charge being recorded for that period. In the event that we conclude that all or a portion of our goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. It is possible that the lingering effects of COVID-19 could cause the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform an intangible asset impairment test and could result in an impairment charge being recorded for that period. In the event that we conclude that all or a portion of our intangible assets are impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. Processes, Controls and Business Continuity Plan We have invoked our Board approved Pandemic Preparedness Plan that includes a remote working strategy. We do not anticipate incurring additional material cost related to our continued deployment of the remote working strategy. No material operational or internal control challenges or risks have been identified to date. We do not anticipate significant challenges to our ability to maintain our systems and controls in light of the measures we have taken to prevent the spread of COVID-19. We do not currently face any material resource constraint through the implementation of our business continuity plans. Lending Operations and Accommodations to Borrowers Consistent with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the CARES Act, we are executing a payment deferral program for our commercial lending clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, we are deferring either the full loan payment or the principal component of the loan payment generally for 90 days. During the first and second quarter of 2020, we modified 277 loans for a total outstanding principal balance of $360.2 million, or 24.4% of the total loan portfolio. As of July 31, 2020, loans modified have reduced to 165 loans for a total outstanding principal balance of $226.7 million, or 15.3% of the total loan portfolio. As of July 31, 2020, customers requesting a second 90-day deferral had a total outstanding principal balance of $28.2 million, representing 15 loans. In accordance with interagency guidance issued in March 2020, these short term deferrals are not considered troubled debt restructurings (TDRs). With the passage of the PPP, administered by the SBA, we actively participated in assisting our customers with applications for resources through the program. The majority of the PPP loans we originated have a two-year term and earn interest at 1%. We believe that the majority of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program. As of June 30, 2020, we have closed or approved with the SBA 755 PPP loans representing $169.4 million in funding , net of deferred fees. It is our understanding that loans funded through the PPP program are fully guaranteed by the U.S. government. Should those circumstances change, we could be required to establish additional allowance for loan losses through a charge to earnings. Credit We are working with customers directly affected by COVID-19. We are prepared to offer short-term assistance in accordance with regulator guidelines. As a result of the current economic environment caused by the COVID-19 virus, we are engaging in more frequent communications with borrowers to better understand their situation and the challenges faced, allowing us to respond proactively as needs and issues arise. Should economic conditions worsen, we could experience further increases in our required allowance for loan losses and record additional provision for loan loss expense. It is possible that our asset quality measures could worsen at future measurement periods if the effects of COVID-19 are prolonged. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASUs 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASUs have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the U.S. Securities and Exchange Commission (SEC), such as the Company, and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. The Company has identified a third party vendor to assist in the measurement of expected credit losses under this standard. The implementation committee has completed the data collection process, validated the data inputs, and is in the initial phases of evaluating various allowance methodologies for certain loan segments within the Company’s loan portfolio. The Company is currently evaluating the implementation of ASU 2016-13 due to the change in implementation dates for smaller reporting companies. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (SAB) 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB Accounting Standards Codification (ASC) 326, "Financial Instruments - Credit Losses." It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes." The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers' application of certain income tax-related guidance. This ASU is part of the FASB's simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, such as the Company, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-12 will have on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” The ASU is based on a consensus of the Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions. ASU 2016-01 made targeted improvements to accounting for financial instruments, including providing an entity the ability to measure certain equity securities without a readily determinable fair value at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Among other topics, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting. For public business entities, such as the Company, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-01 to have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. To facilitate an orderly transition from interbank offered rates (IBORs) and other benchmark rates to alternative reference rates (ARRs), the Company has established an enterprise-wide initiative led by senior management. The objective of this initiative is to identify, assess and monitor risks associated with the expected discontinuation or unavailability of benchmarks, including LIBOR, achieve operational readiness and engage impacted clients in connection with the transition to ARRs. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. On March 12, 2020, the SEC finalized amendments to the definitions of its "accelerated filer" and "large accelerated filer" definitions. The amendments increase the threshold criteria for meeting these filer classifications and are effective on April 27, 2020. Any changes in filer status are to be applied beginning with the filer's first annual report filed with the SEC subsequent to the effective date. Prior to these changes, the Company was required to comply with section 404(b) of the Sarbanes Oxley Act concerning auditor attestation over internal control over financial reporting as an "accelerated filer" as it had more than $75 million in public float but less than $700 million at the end of the Company's most recent second quarter. The rule change expands the definition of "smaller reporting companies" to include entities with public float of less than $700 million and less than $100 million in annual revenues. The Company expects to meet this expanded category of small reporting company and will no longer be considered an accelerated filer. If the Company's annual revenues exceed $100 million, its category will change back to "accelerated filer". The classifications of "accelerated filer" and "large accelerated filer" require a public company to obtain an auditor attestation concerning the effectiveness of internal control over financial reporting (ICFR) and include the opinion on ICFR in its annual report on Form 10-K. Smaller reporting companies also have additional time to file quarterly and annual financial statements. All are required to obtain and file annual financial statement audits, as well as provide management's assertion on effectiveness of (ICFR), but the external auditor attestation of ICFR is not required for smaller reporting companies. As the Company has total assets exceeding $1.0 billion, it remains subject to the Federal Deposit Insurance Corporation Act, which requires an auditor attestation concerning ICFR. As such, other than the additional time provided to file quarterly and annual financial statements, this change does not significantly change the Company’s annual reporting and audit requirements. In March 2020 (Revised in April 2020), various regulatory agencies, including the Federal Reserve and the FDIC, (the agencies ), ​

Securities

Securities	6 Months Ended
	Jun. 30, 2020
Securities
Securities	Note 2. Amortized cost and fair values of securities held-to-maturity and securities available-for-sale as of June 30, 2020 and December 31, 2019, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (In thousands) Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ ​ ​ ​ ​ Securities of state and local municipalities tax exempt ​ $ 264 ​ $ 10 ​ $ — ​ $ 274 Total Held-to-maturity Securities ​ $ 264 ​ $ 10 ​ $ — ​ $ 274 Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ Securities of U.S. government and federal agencies ​ $ 3,000 ​ $ 12 ​ $ — ​ $ 3,012 Securities of state and local municipalities tax exempt ​ 3,655 ​ 106 ​ — ​ 3,761 Securities of state and local municipalities taxable ​ 903 ​ — ​ (9) ​ 894 Corporate bonds ​ 9,977 ​ 30 ​ (322) ​ 9,685 SBA pass-through securities ​ 149 ​ 1 ​ — ​ 150 Mortgage-backed securities ​ 74,892 ​ 3,117 ​ — ​ 78,009 Collateralized mortgage obligations ​ 25,444 ​ 863 ​ — ​ 26,307 Total Available-for-sale Securities ​ $ 118,020 ​ $ 4,129 ​ $ (331) ​ $ 121,818 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (In thousands) Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ ​ ​ ​ ​ Securities of state and local municipalities tax exempt ​ $ 264 ​ $ 6 ​ $ — ​ ​ 270 Total Held-to-maturity Securities ​ $ 264 ​ $ — ​ $ — ​ $ 270 Available-for-sale ​ ​ ​ ​ ​ Securities of U.S. government and federal agencies ​ $ 4,000 ​ $ — ​ $ (4) ​ $ 3,996 Securities of state and local municipalities tax exempt ​ 3,662 ​ 76 ​ — ​ 3,738 Securities of state and local municipalities taxable ​ 969 ​ — ​ (14) ​ 955 Corporate bonds ​ 6,984 ​ 78 ​ (81) ​ 6,981 SBA pass-through securities ​ 163 ​ — ​ (4) ​ 159 Mortgage-backed securities ​ 96,358 ​ 1,077 ​ (246) ​ 97,189 Collateralized mortgage obligations ​ 28,236 ​ 290 ​ (219) ​ 28,307 Total Available-for-sale Securities ​ $ 140,372 ​ $ 1,521 ​ $ (568) ​ $ 141,325 ​ The Company had $11.6 million and $11.3 million in securities pledged with the Federal Reserve Bank of Richmond (FRB) to collateralize certain municipal deposits at June 30, 2020 and December 31, 2019, respectively. The following table shows fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2020 and December 31, 2019, respectively. The reference point for determining when securities are in an unrealized loss position is month-end. Therefore, it is possible that a security’s market value exceeded its amortized cost on other days during the past twelve-month period. Available-for-sale and held-to-maturity securities that have been in a continuous unrealized loss position are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total (In thousands) Fair Unrealized Fair Unrealized Fair Unrealized At June 30, 2020 ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Securities of state and local municipalities taxable ​ $ — ​ $ — ​ $ 894 ​ $ (9) ​ $ 894 ​ $ (9) Corporate bonds ​ 4,216 ​ (261) ​ 940 ​ (61) ​ 5,156 ​ (322) Total ​ $ 4,216 ​ $ (261) ​ $ 1,834 ​ $ (70) ​ $ 6,050 ​ $ (331) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized At December 31, 2019 ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Securities of U.S. government and federal agencies ​ $ 2,997 ​ $ (3) ​ $ 999 ​ $ (1) ​ $ 3,996 ​ $ (4) Securities of state and local municipalities taxable ​ ​ — ​ — ​ 955 ​ (14) ​ 955 ​ (14) Corporate bonds ​ 2,463 ​ (22) ​ 941 ​ (59) ​ 3,404 ​ (81) SBA pass-through securities ​ — ​ — ​ 159 ​ (4) ​ 159 ​ (4) Mortgage-backed securities ​ 15,529 ​ (73) ​ 20,475 ​ (173) ​ ​ 36,004 ​ (246) Collateralized mortgage obligations ​ 7,479 ​ (94) ​ 7,975 ​ (125) ​ 15,454 ​ (219) Total ​ $ 28,468 ​ $ (192) ​ $ 31,504 ​ $ (376) ​ $ 59,972 ​ $ (568) ​ Securities of state and local municipalities: Corporate bonds: The amortized cost and fair value of securities as of June 30, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Held-to-maturity ​ Available-for-sale ​ ​ Amortized ​ Fair ​ Amortized Fair (In thousands) Cost Value Cost Value After 1 year through 5 years ​ $ — ​ $ — ​ $ 2,025 ​ $ 2,017 After 5 years through 10 years ​ 264 ​ 274 ​ 29,175 ​ 29,670 After 10 years ​ — ​ — ​ 86,820 ​ 90,131 Total ​ $ 264 ​ $ 274 ​ $ 118,020 ​ $ 121,818 ​ For the six months ended June 30, 2020 and 2019, proceeds from principal repayments of securities were $14.0 million and $8.9 million, respectively. During the six months ended June 30, 2020, proceeds from calls and maturities of securities were $1.0 million. There were gross realized gains of approximately $97,000 during the six months ended June 30, 2020 resulting from the sale of available-for-sale securities with a book value of approximately $10.1 million. There were no realized losses on the sale of securities for the six months ended June 30, 2020. During the six months ended June 30, 2019, there wDoneere no proceeds from sales of securities available-for-sale, no gross realized gains, and no realized losses.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2020
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	Note 3. A summary of loan balances by type follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 (In thousands) Originated Acquired Total Originated Acquired Total Commercial real estate ​ $ 748,723 ​ $ 30,185 ​ $ 778,908 ​ $ 709,046 ​ $ 38,629 ​ $ 747,675 Commercial and industrial ​ 274,671 ​ 5,248 ​ 279,919 ​ 107,698 ​ 7,405 ​ 115,103 Commercial construction ​ 226,960 ​ 1,681 ​ 228,641 ​ 210,933 ​ 5,050 ​ 215,983 Consumer real estate ​ 138,955 ​ 39,710 ​ 178,665 ​ 136,762 ​ 46,050 ​ 182,812 Consumer nonresidential ​ 18,747 ​ 48 ​ 18,795 ​ 11,205 ​ 85 ​ 11,290 ​ ​ $ 1,408,056 ​ $ 76,872 ​ $ 1,484,928 ​ $ 1,175,644 ​ $ 97,219 ​ $ 1,272,863 Less: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses ​ 12,828 ​ 66 ​ 12,894 ​ 10,202 ​ 29 ​ 10,231 Unearned income and (unamortized premiums), net ​ 6,808 ​ — ​ 6,808 ​ 2,337 ​ — ​ 2,337 Loans, net ​ $ 1,388,420 ​ $ 76,806 ​ $ 1,465,226 ​ $ 1,163,105 ​ $ 97,190 ​ $ 1,260,295 ​ During 2018, as a result of the Company’s acquisition of Colombo Bank (Colombo), the loan portfolio was segregated between loans initially accounted for under the amortized cost method (referred to as “originated” loans) and loans acquired (referred to as “acquired” loans). ​ The loans segregated to the acquired loan portfolio were initially measured at fair value and subsequently accounted for under either ASC 310-30 or ASC 310-20. The outstanding principal balance and related carrying amount of acquired loans included in the consolidated balance sheets as of June 30, 2020 and December 31, 2019 are as follows: ​ ​ ​ ​ ​ (In thousands) June 30, 2020 Purchased credit impaired acquired loans evaluated individually for future credit losses ​ Outstanding principal balance ​ $ 5,183 Carrying amount ​ 3,537 Other acquired loans ​ ​ Outstanding principal balance ​ 74,274 Carrying amount ​ 73,335 Total acquired loans ​ ​ Outstanding principal balance ​ 79,457 Carrying amount ​ 76,872 ​ ​ ​ ​ ​ (In thousands) December 31, 2019 Purchased credit impaired acquired loans evaluated individually for future credit losses ​ Outstanding principal balance ​ $ 5,605 Carrying amount ​ 4,810 Other acquired loans ​ ​ Outstanding principal balance ​ 93,587 Carrying amount ​ 92,409 Total acquired loans ​ ​ Outstanding principal balance ​ 99,192 Carrying amount ​ 97,219 ​ The following table presents changes during the six months ended June 30, 2020 and the year ended December 31, 2019, respectively, in the accretable yield on purchased credit impaired loans for which the Company applies ASC 310-30. ​ ​ ​ ​ ​ (In thousands) ​ ​ Balance at January 1, 2020 $ 371 Accretion ​ ​ (89) Reclassification of nonaccretable difference due to improvement in expected cash flows ​ ​ 31 Other changes, net ​ ​ (21) Balance at June 30, 2020 $ 292 (In thousands) ​ ​ ​ Balance at January 1, 2019 $ 357 Accretion ​ ​ (136) Reclassification of nonaccretable difference due to improvement in expected cash flows ​ ​ 78 Other changes, net ​ ​ 72 Balance at December 31, 2019 $ 371 ​ An analysis of the allowance for loan losses for the three and six months ended June 30, 2020 and 2019, and for the year ended December 31, 2019, follows: Allowance for Loan Losses For the three months ended June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Beginning Balance, April 1 ​ $ 7,667 ​ $ 1,170 ​ $ 1,904 ​ $ 427 ​ $ 58 ​ $ 11,226 Charge-offs ​ (23) ​ — ​ — ​ — ​ (64) ​ ​ (87) Recoveries ​ — ​ — ​ — ​ 1 ​ 4 ​ ​ 5 Provision ​ 1,211 ​ 86 ​ 201 ​ 121 ​ 131 ​ ​ 1,750 Ending Balance ​ $ 8,855 ​ $ 1,256 ​ $ 2,105 ​ $ 549 ​ $ 129 ​ $ 12,894 ​ Allowance for Loan Losses For the six months ended June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial and Commercial Consumer Consumer ​ ​ ​ ​ Real Estate ​ Industrial ​ Construction ​ Real Estate ​ Nonresidential ​ Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance, January 1 ​ $ 6,399 ​ $ 1,275 ​ $ 2,067 ​ $ 417 ​ $ 73 ​ $ 10,231 Charge-offs ​ (113) ​ — ​ — ​ (3) ​ (64) ​ (180) Recoveries ​ — ​ 19 ​ — ​ 2 ​ 6 ​ 27 Provision ​ 2,569 ​ (38) ​ 38 ​ 133 ​ 114 ​ 2,816 Ending Balance ​ $ 8,855 ​ $ 1,256 ​ $ 2,105 ​ $ 549 ​ $ 129 ​ $ 12,894 ​ Allowance for Loan Losses For the three months ended June 30, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential ​ Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Beginning Balance, April 1 ​ $ 5,812 ​ $ 1,480 ​ $ 1,491 ​ $ 495 ​ $ 234 ​ $ 9,512 Charge-offs ​ — ​ — ​ — ​ — ​ (21) ​ (21) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — Provision ​ 177 ​ (69) ​ 397 ​ (1) ​ 1 ​ 505 Ending Balance ​ $ 5,989 ​ $ 1,411 ​ $ 1,888 ​ $ 494 ​ $ 214 ​ $ 9,996 ​ Allowance for Loan Losses For the six months ended June 30, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential ​ Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Beginning Balance, January 1 ​ $ 5,548 ​ $ 1,474 ​ $ 1,285 ​ $ 518 ​ $ 334 ​ $ 9,159 Charge-offs ​ — ​ — ​ — ​ — ​ (183) ​ (183) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — Provision ​ 441 ​ (63) ​ 603 ​ (24) ​ 63 ​ 1,020 Ending Balance ​ $ 5,989 ​ $ 1,411 ​ $ 1,888 ​ $ 494 ​ $ 214 ​ $ 9,996 ​ Allowance for Loan Losses For the year ended December 31, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 5,548 ​ $ 1,474 ​ $ 1,285 ​ $ 518 ​ $ 334 ​ $ 9,159 Charge-offs ​ ​ (20) ​ ​ — ​ ​ — ​ ​ — ​ ​ (692) ​ ​ (712) Recoveries ​ 4 ​ 35 ​ — ​ 2 ​ 23 ​ 64 Provision ​ 867 ​ (234) ​ 782 ​ (103) ​ 408 ​ 1,720 Ending Balance ​ $ 6,399 ​ $ 1,275 ​ $ 2,067 ​ $ 417 ​ $ 73 ​ $ 10,231 ​ The following tables present the recorded investment in loans and impairment method as of June 30, 2020 and 2019, and at December 31, 2019, by portfolio segment: Allowance for Loan Losses At June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Ending Balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ 252 ​ $ — ​ $ 114 ​ $ — ​ $ 366 Purchased credit impaired ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Collectively evaluated for impairment ​ 8,855 ​ 1,004 ​ 2,105 ​ 435 ​ 129 ​ 12,528 ​ ​ $ 8,855 ​ $ 1,256 ​ $ 2,105 ​ $ 549 ​ $ 129 ​ $ 12,894 ​ Loans Receivable At June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Financing receivables: ​ ​ ​ ​ ​ ​ Ending Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 993 ​ $ 4,143 ​ $ 820 ​ $ 538 ​ $ — ​ $ 6,494 Purchased credit impaired ​ ​ 3,177 ​ ​ 305 ​ ​ — ​ ​ 55 ​ ​ — ​ ​ 3,537 Collectively evaluated for impairment ​ 774,738 ​ 275,471 ​ 227,821 ​ 178,072 ​ 18,795 ​ 1,474,897 ​ ​ $ 778,908 ​ $ 279,919 ​ $ 228,641 ​ $ 178,665 ​ $ 18,795 ​ $ 1,484,928 ​ Allowance for Loan Losses At June 30, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance: ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 26 ​ $ 343 ​ $ — ​ $ 29 ​ $ — ​ $ 398 Purchased credit impaired ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Collectively evaluated for impairment ​ 5,963 ​ 1,068 ​ 1,888 ​ 465 ​ 214 ​ 9,598 ​ ​ $ 5,989 ​ $ 1,411 ​ $ 1,888 ​ $ 494 ​ $ 214 ​ $ 9,996 ​ Loans Receivable At June 30, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 5,493 ​ $ 2,905 ​ $ — ​ $ 169 ​ $ — ​ $ 8,567 Purchased credit impaired ​ ​ 1,019 ​ ​ 461 ​ ​ — ​ ​ 366 ​ ​ — ​ ​ 1,846 Collectively evaluated for impairment ​ 657,739 ​ 131,352 ​ 218,182 ​ 194,363 ​ 24,249 ​ 1,225,885 ​ ​ $ 664,251 ​ $ 134,718 ​ $ 218,182 ​ $ 194,898 ​ $ 24,249 ​ $ 1,236,298 ​ Allowance for Loan Losses At December 31, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Ending Balance: ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ 364 ​ $ — ​ $ 29 ​ $ — ​ $ 393 Purchased credit impaired ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Collectively evaluated for impairment ​ 6,399 ​ 911 ​ 2,067 ​ 388 ​ 73 ​ 9,838 ​ ​ $ 6,399 ​ $ 1,275 ​ $ 2,067 ​ $ 417 ​ $ 73 ​ $ 10,231 ​ Loans Receivable At December 31, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Financing receivables: ​ ​ ​ ​ ​ ​ Ending Balance ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 12,962 ​ $ 5,208 ​ $ 820 ​ $ 1,260 ​ $ — ​ $ 20,250 Purchased credit impaired ​ ​ 4,043 ​ ​ 400 ​ ​ — ​ ​ 367 ​ ​ — ​ ​ 4,810 Collectively evaluated for impairment ​ 730,670 ​ 109,495 ​ 215,163 ​ 181,185 ​ 11,290 ​ 1,247,803 ​ ​ $ 747,675 ​ $ 115,103 ​ $ 215,983 ​ $ 182,812 ​ $ 11,290 ​ $ 1,272,863 ​ Impaired loans by class excluding purchased credit impaired, at June 30, 2020 and December 31, 2019, are summarized as follows: ​ Impaired Loans – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ Average Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income (In thousands) ​ Investment ​ Balance ​ Allowance ​ Investment ​ Recognized June 30, 2020 ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ 1,751 ​ 1,752 ​ 252 ​ 1,752 ​ 55 Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 339 ​ 339 ​ 48 ​ 280 ​ 10 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 2,090 ​ $ 2,091 ​ $ 300 ​ $ 2,032 ​ $ 65 June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ 834 ​ $ 838 ​ $ — ​ $ 847 ​ $ 23 Commercial and industrial ​ 2,392 ​ 2,392 ​ — ​ 2,784 ​ 85 Commercial construction ​ 820 ​ 820 ​ — ​ 820 ​ 25 Consumer real estate ​ — ​ — ​ — ​ — ​ — Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 4,046 ​ $ 4,050 ​ $ — ​ $ 4,451 ​ $ 133 ​ Impaired Loans – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ Average Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income (In thousands) ​ Investment ​ Balance ​ Allowance ​ Investment ​ Recognized June 30, 2020 ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ — ​ — ​ — ​ — ​ — Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 169 ​ 163 ​ 66 ​ 163 ​ 5 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 169 ​ $ 163 ​ $ 66 ​ $ 163 ​ $ 5 June 30, 2020 ​ ​ ​ ​ ​ With no related allowance: ​ ​ ​ ​ ​ Commercial real estate ​ $ 159 ​ $ 165 ​ $ — ​ $ 165 ​ $ 7 Commercial and industrial ​ — ​ — ​ — ​ — ​ — Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 30 ​ 31 ​ — ​ 31 ​ 1 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 189 ​ $ 196 ​ $ — ​ $ 196 ​ $ 8 ​ Impaired Loans – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ Average Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income (In thousands) ​ Investment ​ Balance ​ Allowance ​ Investment ​ Recognized December 31, 2019 ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ 2,040 ​ 2,040 ​ 364 ​ 2,081 ​ 157 Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ — ​ — ​ — ​ — ​ — Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 2,040 ​ $ 2,040 ​ $ 364 ​ $ 2,081 ​ $ 157 December 31, 2019 ​ ​ ​ ​ ​ ​ With no related allowance: ​ ​ ​ ​ ​ Commercial real estate ​ $ 12,792 ​ $ 12,796 ​ $ — ​ $ 13,617 ​ $ 661 Commercial and industrial ​ 3,168 ​ 3,323 ​ — ​ 5,387 ​ 340 Commercial construction ​ 820 ​ 820 ​ — ​ 816 ​ 56 Consumer real estate ​ 940 ​ 940 ​ — ​ 940 ​ 38 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 17,720 ​ $ 17,879 ​ $ — ​ $ 20,760 ​ $ 1,095 ​ Impaired Loans – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ Average Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income (In thousands) ​ Investment ​ Balance ​ Allowance ​ Investment ​ Recognized December 31, 2019 ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ — ​ — ​ — ​ — ​ — Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 169 ​ 163 ​ 29 ​ 163 ​ 10 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 169 ​ $ 163 ​ ​ 29 ​ $ 163 ​ $ 10 December 31, 2019 ​ ​ ​ ​ ​ With no related allowance: ​ ​ ​ ​ ​ Commercial real estate ​ $ 170 ​ $ 165 ​ $ — ​ $ 165 ​ $ 13 Commercial and industrial ​ — ​ — ​ — ​ — ​ — Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 151 ​ 152 ​ — ​ 155 ​ 8 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 321 ​ $ 317 ​ $ — ​ $ 320 ​ $ 21 ​ No additional funds are committed to be advanced in connection with the impaired loans. There were no nonaccrual loans excluded from the impaired loan disclosure. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard Doubtful Loss Based on the most recent analysis performed, the risk category of loans by class of loans was as follows as of June 30, 2020 and December 31, 2019: As of June 30, 2020 – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ (In thousands) Estate Industrial Construction Real Estate Nonresidential Total Grade: ​ ​ ​ ​ ​ ​ Pass ​ $ 742,788 ​ $ 270,274 ​ $ 226,140 ​ $ 137,313 ​ $ 18,747 ​ $ 1,395,262 Special mention ​ 5,659 ​ 355 ​ — ​ 1,543 ​ — ​ 7,557 Substandard ​ 276 ​ 4,042 ​ 820 ​ 99 ​ — ​ 5,237 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 748,723 ​ $ 274,671 ​ $ 226,960 ​ $ 138,955 ​ $ 18,747 ​ $ 1,408,056 ​ As of June 30, 2020 – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ (In thousands) Estate Industrial Construction Real Estate Nonresidential Total Grade: ​ ​ ​ ​ ​ ​ Pass ​ $ 27,705 ​ $ 4,873 ​ $ 1,681 ​ $ 39,456 ​ $ 48 ​ $ 73,763 Special mention ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 2,480 ​ 375 ​ — ​ 254 ​ — ​ 3,109 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 30,185 ​ $ 5,248 ​ $ 1,681 ​ $ 39,710 ​ $ 48 ​ $ 76,872 ​ As of December 31, 2019 – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ (In thousands) Estate Industrial Construction Real Estate Nonresidential Total Grade: ​ ​ ​ ​ ​ ​ Pass ​ $ 690,082 ​ $ 102,491 ​ $ 210,113 ​ $ 134,913 ​ $ 11,186 ​ $ 1,148,785 Special mention ​ 14,772 ​ 476 ​ — ​ 1,748 ​ 19 ​ 17,015 Substandard ​ 4,192 ​ 4,731 ​ 820 ​ 101 ​ — ​ 9,844 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 709,046 ​ $ 107,698 ​ $ 210,933 ​ $ 136,762 ​ $ 11,205 ​ $ 1,175,644 ​ As of December 31, 2019 – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ (In thousands) Estate Industrial Construction Real Estate Nonresidential Total Grade: ​ ​ ​ ​ ​ ​ Pass ​ $ 35,284 ​ $ 7,005 ​ $ 5,050 ​ $ 45,365 ​ $ 85 ​ $ 92,789 Special mention ​ 3,089 ​ — ​ — ​ 139 ​ — ​ 3,228 Substandard ​ 256 ​ 400 ​ — ​ 546 ​ — ​ 1,202 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 38,629 ​ $ 7,405 ​ $ 5,050 ​ $ 46,050 ​ $ 85 ​ $ 97,219 ​ The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes, larger non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. At June 30, 2020, the Company had $7.6 million in loans identified as special mention within the originated loan portfolio, a decrease of $9.5 million from December 31, 2019. Special mention rated loans are loans that have a potential weakness that deserves management's close attention. These loans do not have a specific reserve and are considered well-secured. At June 30, 2020, the Company had $5.2 million in loans identified as substandard within the originated loan portfolio, a decrease of $4.6 million from December 31, 2019. Substandard rated loans are loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. For each of these substandard loans, a liquidation analysis is completed. As of June 30, 2020, specific reserves on originated and acquired loans totaling $366 thousand, has been allocated within the allowance for loan losses to supplement any shortfall of collateral. Past due and nonaccrual loans presented by loan class were as follows at June 30, 2020 and December 31, 2019: As of June 30, 2020 – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 days ​ 60-89 days ​ 90 days or more ​ Total ​ ​ ​ ​ ​ ​ ​ 90 days past due ​ ​ (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate ​ $ — ​ $ 610 ​ $ 1,197 ​ $ 1,807 ​ $ 746,916 ​ $ 748,723 ​ $ 1,197 ​ $ 150 Commercial and industrial ​ — ​ — ​ — ​ — ​ 274,671 ​ 274,671 ​ — ​ 3,184 Commercial construction ​ — ​ — ​ — ​ — ​ 226,960 ​ 226,960 ​ — ​ 820 Consumer real estate ​ 240 ​ 465 ​ — ​ 705 ​ 138,250 ​ 138,955 ​ — ​ — Consumer nonresidential ​ — ​ 75 ​ 8 ​ 83 ​ 18,664 ​ 18,747 ​ 8 ​ — Total ​ $ 240 ​ $ 1,150 ​ $ 1,205 ​ $ 2,595 ​ $ 1,405,461 ​ $ 1,408,056 ​ $ 1,205 ​ $ 4,154 ​ As of June 30, 2020 – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 days ​ 60-89 days ​ 90 days or more ​ Total ​ ​ ​ ​ ​ ​ ​ 90 days past due ​ ​ (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate ​ $ — ​ $ 444 ​ $ — ​ $ 444 ​ $ 29,741 ​ $ 30,185 ​ $ — ​ $ 2,321 Commercial and industrial ​ — ​ — ​ — ​ — ​ ​ 5,248 ​ 5,248 ​ — ​ 253 Commercial construction ​ — ​ — ​ — ​ — ​ ​ 1,681 ​ 1,681 ​ — ​ — Consumer real estate ​ — ​ — ​ 235 ​ 235 ​ ​ 39,475 ​ 39,710 ​ 235 ​ 325 Consumer nonresidential ​ — ​ — ​ — ​ — ​ 48 ​ 48 ​ — ​ — Total ​ $ — ​ $ 444 ​ $ 235 ​ $ 679 ​ $ 76,193 ​ $ 76,872 ​ $ 235 ​ $ 2,899 ​ As of December 31, 2019 – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 days ​ 60-89 days ​ 90 days or more ​ Total ​ ​ ​ ​ ​ ​ ​ 90 days past due ​ ​ (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate ​ $ 8,443 ​ $ — ​ $ 498 ​ $ 8,941 ​ $ 700,105 ​ $ 709,046 ​ $ 753 ​ $ 3,903 Commercial and industrial ​ 1,184 ​ — ​ 48 ​ 1,232 ​ 106,466 ​ 107,698 ​ 48 ​ 3,822 Commercial construction ​ 2,000 ​ — ​ — ​ 2,000 ​ 208,933 ​ 210,933 ​ — ​ 820 Consumer real estate ​ 396 ​ 153 ​ 356 ​ 905 ​ 135,857 ​ 136,762 ​ 101 ​ — Consumer nonresidential ​ 77 ​ 56 ​ 12 ​ 145 ​ 11,060 ​ 11,205 ​ 12 ​ — Total ​ $ 12,100 ​ $ 209 ​ $ 914 ​ $ 13,223 ​ $ 1,162,421 ​ $ 1,175,644 ​ $ 914 ​ $ 8,545 ​ As of December 31, 2019 – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 days ​ 60-89 days ​ 90 days or more ​ Total ​ ​ ​ ​ ​ ​ ​ 90 days past due ​ ​ (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 38,629 ​ $ 38,629 ​ $ — ​ $ 256 Commercial and industrial ​ — ​ — ​ — ​ — ​ 7,405 ​ 7,405 ​ — ​ 272 Commercial construction ​ — ​ — ​ — ​ — ​ 5,050 ​ 5,050 ​ — ​ — Consumer real estate ​ 1,138 ​ 241 ​ 118 ​ 1,497 ​ 44,553 ​ 46,050 ​ 118 ​ 620 Consumer nonresidential ​ — ​ — ​ — ​ — ​ 85 ​ 85 ​ — ​ — Total ​ $ 1,138 ​ $ 241 ​ $ 118 ​ $ 1,497 ​ $ 95,722 ​ $ 97,219 ​ $ 118 ​ $ 1,148 ​ As of June 30, 2020, there were no consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process. There were $177 thousand of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process as of December 31, 2019. There were overdrafts of $407 thousand and $181 thousand at June 30, 2020 and December 31, 2019, respectively, which have been reclassified deposits There were no defaults of TDRs during the twelve months since restructuring for the six months ended June 30, 2020 and 2019. The following table presents loans designated as TDRs during the six months ended June 30, 2020 and 2019, respectively: For the six months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-Modification Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded Troubled Debt Restructurings ​ Contracts ​ Investment ​ Investment ​ ​ (Dollars in thousands) Commercial real estate 1 ​ $ 99 ​ $ 99 Total 1 ​ $ 99 ​ $ 99 ​ For the six months ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-Modification Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded Troubled Debt Restructurings ​ Contracts ​ Investment ​ Investment ​ ​ (Dollars in thousands) Commercial real estate 1 ​ $ 3,903 ​ $ 3,903 Total 1 ​ $ 3,903 ​ $ 3,903 ​ As of June 30, 2020, and December 31, 2019, the Company has a recorded investment in TDRs of $99 thousand and $3.9 million, respectively. The concession made in the TDRs were related to the reduction in the stated interest rate for the remaining life of the debt.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2020
Derivative Financial Instruments
Derivative Financial Instruments	Note 4. The Company enters into interest rate swap agreements (swap agreements) to facilitate the risk management strategies needed in order to accommodate the needs of its banking customers. The Company mitigates the risk of entering into these loan agreements by entering into equal and offsetting swap agreements with highly-rated third party financial institutions. These back-to-back swap agreements are free-standing derivatives and are recorded at fair value in the Company’s consolidated balance sheets (asset positions are included in other assets and liability positions are included in other liabilities) as of June 30, 2020 and December 31, 2019. The Company is party to master netting arrangements with its financial institution counterparty; however, the Company does not offset assets and liabilities under these arrangements for financial statement presentation purposes. The master netting arrangements provide for a single net settlement of all swap agreements, as well as collateral, in the event of default on, or termination of, any one contract. Parties to a centrally cleared over-the-counter derivative exchange daily payments that reflect the daily change in value of the derivative. These payments, commonly referred to as variation margin, are recorded as settlements of the derivatives’ mark-to-market exposure rather than collateral against the exposures, which effectively results in any centrally cleared derivative having a Level 2 fair value that approximates zero on a daily basis, and therefore, these swap agreements were not included in the offsetting table in the Fair Value Measurement section. As of June 30, 2020, the Company entered into 21 interest rate swap agreements which are collateralized with $15.8 million in cash. There were 17 interest rate swap agreements outstanding as of December 31, 2019 which were collateralized with $6.1 million in cash. ​ The notional amount and fair value of the Company’s derivative financial instruments as of June 30, 2020 and December 31, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ Notional Amount Fair Value Interest Rate Swap Agreements ​ (In thousands) Receive Fixed/Pay Variable Swaps ​ $ 158,010 ​ $ 15,755 Pay Fixed/Receive Variable Swaps ​ 158,010 ​ (15,755) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Notional Amount Fair Value Interest Rate Swap Agreements ​ (In thousands) Receive Fixed/Pay Variable Swaps ​ $ 94,755 ​ $ (6,001) Pay Fixed/Receive Variable Swaps ​ 94,755 ​ 6,001 ​ Interest Rate Risk Management—Cash Flow Hedging Instruments ​ The Company uses FHLB advances and other wholesale funding from time to time as a source of funds for use in the Company's lending and investment activities and other general business purposes. This wholesale funding exposes the Company to increased interest rate risk as a result of the variability in cash flows (future interest payments). The Company believes it is prudent to reduce this interest rate risk. To meet this objective, the Company entered into interest rate swap agreements whereby the Company reduces the interest rate risk associated with the Company’s variable rate advances (or other wholesale funding) from the designation date and going through the maturity date. ​ At June 30, 2020, the information pertaining to outstanding interest rate swap agreements used to hedge variability in cash flows (FHLB advance which is included in other borrowed funds on the consolidated balance sheet) is as follows: ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Notional amount ​ $ 60,000 ​ Weighted average pay rate ​ 0.87 % Weighted average receive rate ​ 0.30 % Weighted average maturity in years ​ 2.6 years ​ Unrealized loss relating to interest rate swaps ​ $ (893) ​ ​ These agreements provided for the Company to receive payments determined by a specific index (three month LIBOR) in exchange for making payments at a fixed rate. At June 30, 2020, the unrealized loss relating to interest rate swaps designated as hedging instruments of the variability of cash flows associated with FHLB advances are reported in other comprehensive income. These amounts are subsequently reclassified into interest expense as a yield adjustment in the same period in which the related interest on the advance affects earnings. The Company measures cash flow hedging relationships for effectiveness on a monthly basis, and at June 30, 2020, the hedges were highly effective and the amount of ineffectiveness reflected in earnings was de minimus.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	6 Months Ended
	Jun. 30, 2020
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	Note 5. The Company is party to credit-related financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheet. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. At June 30, 2020 and December 31, 2019, the following financial instruments were outstanding which contract amounts represent credit risk: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) June 30, 2020 December 31, 2019 Commitments to grant loans ​ $ 33,900 ​ $ 27,260 Unused commitments to fund loans and lines of credit ​ 193,531 ​ 244,367 Commercial and standby letters of credit ​ 8,208 ​ 9,002 ​ 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. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit usually do not contain a specified maturity date and may not be drawn upon to the total extent to which the Company is committed. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. Commercial and standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Substantially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company generally holds collateral supporting those commitments, if deemed necessary. The Company maintains its cash accounts with the FRB and correspondent banks. The total amount of cash on deposit in correspondent banks exceeding the federally insured limits was $20.8 million and $10.6 million at June 30, 2020 and December 31, 2019, respectively.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	6 Months Ended
	Jun. 30, 2020
Stock-Based Compensation Plan
Stock-Based Compensation Plan	Note 6. The Company’s Amended and Restated 2008 Option Plan (the Plan), which is stockholder-approved, was adopted to advance the interests of the Company by providing selected key employees of the Company, their affiliates, and directors with the opportunity to acquire shares of common stock. In June 2018, the stockholders approved an amendment to Plan to extend the term and increase the number of shares authorized for issuance under the Plan by 200,000 shares. The Company has granted stock options and restricted stock units under the Plan. The maximum number of shares with respect to which awards may be made is 2,529,296 shares of common stock, subject to adjustment for certain corporate events. Option awards are generally granted with an exercise price equal to the market price of the Company’s stock at the date of grant, generally vest annually over four years of continuous service and have ten year contractual terms. At June 30, 2020, 165,211 shares were available to grant under the Plan. No options were granted during the six months ended June 30, 2020 and 2019, respectively. For the three and six months ended June 30, 2020,there were 0 and 2,737, respectively, shares withheld from issuance upon exercise of options in order to cover the cost of the exercise by the participant. There were no shares withheld from issuance upon exercise of options in order to cover the cost of the exercise by the participant during the three and six months ended June 30, 2019. A summary of option activity under the Plan as of June 30, 2020, and changes during the six months ended is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ Number ​ Average ​ Remaining ​ Aggregate ​ ​ of ​ Exercise ​ Contractual ​ Intrinsic Options ​ Shares ​ Price ​ Term ​ Value (1) Outstanding at January 1, 2020 1,797,516 ​ $ 8.09 4.10 ​ Granted — ​ — ​ ​ Exercised (47,268) ​ 6.46 ​ ​ Forfeited or expired (3,139) ​ 10.62 ​ ​ Outstanding and Exercisable at June 30, 2020 1,747,109 ​ $ 8.13 3.65 ​ $ 3,936,397 (1) The compensation cost that has been charged to income for the Plan was $170 thousand and $107 thousand for the three months ended June 30, 2020 and 2019, respectively. Total compensation cost for the six months ended June 30, 2020 and 2019 was $376 thousand and $272 thousand, respectively. As of June 30, 2020, all outstanding shares of the stock option plan are fully vested and amortized. The total income tax benefit related to stock options exercised and recognized in the income statement for share-based compensation arrangements was $6 thousand and $0 for the three months June 30, 2020 and 2019, respectively. Tax benefits recognized for nonqualified stock options during the six months ended June 30, 2020 and 2019 totaled $82 thousand and $108 thousand, respectively. There were no restricted stock units granted during the six months ended June 30, 2020. 1,000 restricted stock units were granted during the six months ended June 30, 2019. A summary of the Company’s restricted stock unit grant activity as of June 30, 2020 is shown below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ Number of ​ Grant Date ​ Shares Fair Value Nonvested at January 1, 2020 109,718 ​ $ 18.70 Granted — ​ — Vested (375) ​ 17.21 Forfeited (1,740) ​ 18.70 Balance at June 30, 2020 107,603 ​ $ 18.70 ​ As of June 30, 2020, there was $1.5 million of total unrecognized compensation cost related to nonvested restricted stock units granted under the Plan. The cost is expected to be recognized over a weighted-average period of 31 months.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Measurements
Fair Value Measurements	Note 7. Determination of Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with Fair Value Measurements and Disclosures topic of FASB ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. ​ Level 1 — Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 — Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 — Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market. The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the financial statements: Securities available-for-sale Cash flow hedges: The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at ​ ​ ​ ​ ​ June 30, 2020 Using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ Balance as of ​ Identical ​ Observable ​ Unobservable (In thousands) ​ June 30, ​ Assets ​ Inputs ​ Inputs Description 2020 (Level 1) (Level 2) (Level 3) Assets ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale ​ ​ ​ ​ Securities of U.S. government and federal agencies ​ $ 3,012 ​ $ — ​ $ 3,012 ​ $ — Securities of state and local municipalities tax exempt ​ 3,761 ​ — ​ 3,761 ​ — Securities of state and local municipalities taxable ​ 894 ​ — ​ 894 ​ — Corporate bonds ​ 9,685 ​ — ​ 9,685 ​ — SBA pass-through securities ​ 150 ​ — ​ 150 ​ — Mortgage-backed securities ​ 78,009 ​ — ​ 78,009 ​ — Collateralized mortgage obligations ​ 26,307 ​ — ​ 26,307 ​ — Total Available-for-Sale Securities ​ $ 121,818 ​ $ — ​ $ 121,818 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at ​ ​ ​ ​ ​ December 31, 2019 Using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ Balance as of ​ Identical ​ Observable ​ Unobservable (In thousands) ​ December 31, ​ Assets ​ Inputs ​ Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets ​ ​ ​ ​ Available-for-sale ​ ​ ​ ​ Securities of U.S. government and federal agencies ​ $ 3,996 ​ $ — ​ $ 3,996 ​ $ — Securities of state and local municipalities tax exempt ​ 3,738 ​ — ​ 3,738 ​ — Securities of state and local municipalities taxable ​ 955 ​ — ​ 955 ​ — Corporate bonds ​ 6,981 ​ — ​ 6,981 ​ — SBA pass-through securities ​ 159 ​ — ​ 159 ​ — Mortgage-backed securities ​ 97,189 ​ — ​ 97,189 ​ — Collateralized mortgage obligations ​ 28,307 ​ — ​ 28,307 ​ — Total Available-for-Sale Securities ​ $ 141,325 ​ $ — ​ $ 141,325 ​ $ — ​ Certain financial assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower of cost or market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain financial assets recorded at fair value on a nonrecurring basis in the financial statements: Impaired Loans Loans Held for Sale: Other Real Estate Owned: The following table summarizes the Company’s assets that were measured at fair value on a nonrecurring basis at June 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ Balance as of ​ Identical ​ Observable ​ Unobservable (In thousands) ​ June 30, ​ Assets ​ Inputs ​ Inputs Description 2020 (Level 1) (Level 2) (Level 3) Assets ​ ​ ​ ​ ​ Impaired loans ​ $ 1,893 ​ $ — ​ $ — ​ $ 1,893 Loans held for sale ​ $ — ​ $ — ​ $ — ​ $ — Other real estate owned ​ $ 3,866 ​ $ — ​ $ — ​ $ 3,866 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ Balance as of ​ Identical ​ Observable ​ Unobservable (In thousands) ​ December 31, ​ Assets ​ Inputs ​ Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets ​ ​ ​ ​ Impaired loans ​ $ 1,816 ​ $ — ​ $ — ​ $ 1,816 Loans held for sale ​ $ 11,198 ​ $ — ​ $ 11,198 ​ $ — Other real estate owned ​ $ 3,866 ​ $ — ​ $ — ​ $ 3,866 ​ The following table displays quantitative information about Level 3 Fair Value Measurements for June 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative information about Level 3 Fair Value Measurements for June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans ​ $ 1,893 ​ Discounted value ​ Marketability/Selling costs ​ 0% - 8% (8%) ​ Other real estate owned ​ $ 3,866 Discounted appraised value Selling costs 10.51 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative information about Level 3 Fair Value Measurements for December 31, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans ​ $ 1,816 ​ Discounted appraised value ​ Marketability/Selling costs ​ 5% - 8% (7.84%) ​ Other real estate owned ​ $ 3,866 Discounted appraised value Selling costs 10.51 % ​ The following presents the carrying amount, fair value and placement in the fair value hierarchy of the Company’s financial instruments as of June 30, 2020 and December 31, 2019. Fair values for June 30, 2020 and December 31, 2019 are estimated under the exit price notion in accordance with ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements as of June 30, 2020, using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ Assets ​ Inputs ​ Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ Cash and due from banks ​ $ 25,613 ​ $ 25,613 ​ $ — ​ $ — Interest-bearing deposits at other institutions ​ 64,989 ​ 64,989 ​ — ​ — Securities held-to-maturity ​ 264 ​ — ​ 274 ​ — Securities available-for-sale ​ 121,818 ​ — ​ 121,818 ​ — Restricted stock ​ 6,608 ​ — ​ 6,608 ​ — Loans held for sale ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loans, net ​ 1,465,226 ​ — ​ — ​ 1,444,258 Bank owned life insurance ​ 37,633 ​ — ​ 37,633 ​ — Accrued interest receivable ​ 7,186 ​ — ​ 7,186 ​ — Financial liabilities: ​ ​ ​ ​ Checking, savings and money market accounts ​ $ 1,118,408 ​ $ — ​ $ 1,118,408 ​ $ — Time deposits ​ 400,628 ​ — ​ 404,130 ​ — FHLB advances ​ ​ 25,000 ​ ​ — ​ ​ 25,000 ​ ​ — Subordinated notes ​ 24,527 ​ — ​ 24,291 ​ — Accrued interest payable ​ 524 ​ — ​ 524 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements as of December 31, 2019, using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ Assets ​ Inputs ​ Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ Cash and due from banks ​ $ 14,916 ​ $ 14,916 ​ $ — ​ $ — Interest-bearing deposits at other institutions ​ 18,226 ​ 18,226 ​ — ​ — Securities held-to-maturity ​ 264 ​ — ​ 270 ​ — Securities available-for-sale ​ 141,325 ​ — ​ 141,325 ​ — Restricted stock ​ 6,017 ​ — ​ 6,017 ​ — Loans held for sale ​ ​ 11,198 ​ ​ — ​ ​ 11,198 ​ ​ — Loans, net ​ 1,260,295 ​ — ​ — ​ 1,254,685 Bank owned life insurance ​ 37,069 ​ — ​ 37,069 ​ — Accrued interest receivable ​ 4,094 ​ — ​ 4,094 ​ — Financial liabilities: ​ ​ ​ ​ ​ Checking, savings and money market accounts ​ $ 863,383 ​ $ — ​ $ 863,383 ​ $ — Time deposits ​ 422,339 ​ — ​ 424,398 ​ — Federal funds purchased ​ ​ 10,000 ​ ​ — ​ ​ 10,000 ​ ​ — FHLB advances ​ ​ 15,000 ​ ​ — ​ ​ 15,000 ​ ​ — Subordinated notes ​ 24,487 ​ — ​ 24,564 ​ — Accrued interest payable ​ 605 ​ — ​ 605 ​ — ​

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share
Earnings Per Share	Note 8. Basic earnings per share excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of stock which then shared in the earnings of the Company.Holders of the Company's restricted stock units do not have voting rights during the vesting period and therefore, restricted stock units are not included in the computation of basic earnings per share. Weighted average shares - diluted includes only the potential dilution of stock options as of June 30, 2020 and 2019, respectively. The following shows the weighted average number of shares used in computing earnings per share and the effect of weighted average number of shares of dilutive potential common stock. Dilutive potential common stock has no effect on income available to common stockholders. There were 321,560 shares excluded from the calculation for the period ended June 30, 2020, as they were anti-dilutive. There were no anti-dilutive shares for the period ended June 30, 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, ​ June 30, (In thousands, except per share data) 2020 2019 2020 2019 Net income ​ $ 2,880 ​ $ 4,085 ​ $ 6,613 ​ $ 8,011 Weighted average number of shares ​ 13,455 ​ 13,803 ​ 13,603 ​ 13,763 Effect of dilutive securities, restricted stock units and options ​ 469 ​ 1,014 ​ 657 ​ 1,036 Weighted average diluted shares ​ 13,924 ​ 14,817 ​ 14,260 ​ 14,799 Basic EPS ​ $ 0.21 ​ $ 0.30 ​ $ 0.49 ​ $ 0.58 Diluted EPS ​ $ 0.21 ​ $ 0.28 ​ $ 0.46 ​ $ 0.54 ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	Note 9. Changes in accumulated other comprehensive income (AOCI) for the three and six months ended June 30, 2020 and 2019 are shown in the following table. The Company has two components, which are available-for-sale securities and cash flow hedges, for the periods presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period ​ $ 2,968 ​ $ (531) ​ $ 2,437 Net unrealized gains (losses) during the period ​ 32 ​ (174) ​ ​ (142) Net reclassification adjustment for gains realized in income ​ ​ — ​ ​ — ​ ​ — Other comprehensive income (loss), net of tax ​ 32 ​ (174) ​ ​ (142) Balance, end of period ​ $ 3,000 ​ $ (705) ​ $ 2,295 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ Six Months Ended June 30, 2020 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period ​ $ 753 ​ $ (63) ​ $ 690 Net unrealized gains (losses) during the period ​ 2,324 ​ (642) ​ ​ 1,682 Net reclassification adjustment for gains realized in income ​ ​ (77) ​ ​ — ​ ​ (77) Other comprehensive income (loss), net of tax ​ 2,247 ​ (642) ​ ​ 1,605 Balance, end of period ​ $ 3,000 ​ $ (705) ​ $ 2,295 ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months June 30, ​ Six Months June 30, Available-for-Sale Securities 2019 2019 Balance, beginning of period ​ $ (1,031) ​ $ (2,411) Net unrealized gains (losses) during the period ​ ​ 1,382 ​ ​ 2,762 Other comprehensive income (loss), net of tax ​ 1,382 ​ 2,762 Balance, end of period ​ $ 351 ​ $ 351 ​ The following table presents information related to reclassifications from accumulated other comprehensive income:

Subordinated Notes

Subordinated Notes	6 Months Ended
	Jun. 30, 2020
Subordinated Notes
Subordinated Notes	Note 10. On June 20, 2016, the Company issued $25 million of fixed-to-floating rate subordinated notes due June 30, 2026, in a private placement to accredited investors. Interest is payable at 6.00% per annum, from and including June 20, 2016 to, but excluding, June 30, 2021, payable semi-annually in arrears. From and including June 30, 2021 to the maturity date or early redemption date, the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month LIBOR rate plus 487 The Company may, at its option, beginning with the interest payment date of June 30, 2021 and on any scheduled interest payment date thereafter redeem the subordinated notes, in whole or in part, upon not fewer than 30 nor greater than 60 days’ notice to holders, at a redemption price equal to 100% of the principal amount of the subordinated notes to be redeemed plus accrued and unpaid interest to, but excluding, the date of redemption. Any partial redemption will be made pro rata among all of the holders.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue Recognition
Revenue Recognition	Note 11. On January 1, 2018, the Company adopted ASU No. 2014-09 ''Revenue from Contracts with Customers'' (Topic 606) and all subsequent ASUs that modified Topic 606. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, gain on sale of securities, BOLI income, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees, merchant income, and insurance commissions. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and personal checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Fees, Exchange and Other Service Charges Fees, exchange, and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges and are included in other income on our consolidated statements of income. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. This income is reflected in other income on the Company’s consolidated statements of income. Other income Other noninterest income consists of loan swap fees, insurance commissions, and other miscellaneous revenue streams not meeting the criteria above. When the Company enters into an interest rate swap agreement, the Company may receive an additional one-time payment fee which is recognized as income when received. The Company receives monthly recurring commissions based on a percentage of premiums issued and revenue is recognized when received. Any residual miscellaneous fees are recognized as they occur, and therefore, the Company determined this consistent practice satisfies the obligation for performance. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and six months ended June 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, ​ June 30, (In thousands) 2020 2019 2020 2019 Noninterest Income ​ ​ ​ ​ In-scope of Topic 606 ​ ​ ​ ​ Service Charges on Deposit Accounts ​ $ 223 ​ $ 229 ​ $ 463 ​ $ 411 Fees, Exchange, and Other Service Charges ​ 76 ​ 123 ​ 159 ​ 198 Other income ​ 23 ​ 11 ​ 31 ​ 25 Noninterest Income (in-scope of Topic 606) ​ 322 ​ 363 ​ 653 ​ 634 Noninterest Income (out-scope of Topic 606) ​ 365 ​ 176 ​ 728 ​ 643 Total Noninterest Income ​ $ 687 ​ $ 539 ​ $ 1,381 ​ $ 1,277 ​ Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s noninterest revenue streams are largely based on transactional activity. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of June 30, 2020 and 2019, the Company did not have any significant contract balances. Contract Acquisition Costs In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, sales commission). The Company utilizes the practical expedient which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Information
Supplemental Cash Flow Information	Note 12. Supplemental Cash Flow Information ​ Below is additional information regarding the Company's cash flows for the six months ended June 30, 2020 and 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, (In thousands) 2020 2019 Supplemental Disclosure of Cash Flow Information: ​ ​ Cash paid for: ​ ​ Interest on deposits and borrowed funds ​ $ 8,375 ​ $ 8,817 Income taxes ​ 455 ​ 939 Noncash investing and financing activities: ​ ​ ​ ​ ​ Unrealized gain on securities available-for-sale ​ 2,845 ​ 3,496 Unrealized loss on interest rate swaps ​ ​ (813) ​ ​ — Transfer of loans held for sale to loans, net ​ ​ 9,641 ​ ​ — Initial right of use asset - operating leases ​ — ​ 12,249 Initial lease liability - operating leases ​ ​ — ​ ​ 12,656 Right-of-use assets obtained in the exchange for lease ​ ​ ​ ​ ​ ​ liabilities during the current period ​ ​ 59 ​ ​ — Derecognition of right-of-use assets and lease liability ​ ​ 458 ​ ​ — ​

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases
Leases	Note 13. Leases Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. Lease payments Lease payments for short-term leases are recognized as lease expense on a straight-line basis over the lease term, or for variable lease payments, in the period in which the obligation was incurred. Payments for leases with terms longer than twelve months are included in the determination of the lease liability. Payments may be fixed for the term of the lease or variable. If the lease agreement provides a known escalator, such as a specified percentage increase per year or a stated increase at a specified time, the variable payment is included in the cash flows used to determine the lease liability. If the variable payment is based upon an unknown escalator, such as the consumer price index at a future date, the increase is not included in the cash flows used to determine the lease liability. The Company’s leases provide known escalators that are included in the determination of the lease liability, with the exception of three lease agreements. Options to Extend, Residual Value Guarantees, and Restrictions and Covenants The Company’s leases offer the option to extend the lease liability. None of the Company’s leases provide for residual value The following tables present information about leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) June 30, 2020 ​ December 31, 2019 ​ Right-of-Use-Asset ​ $ 11,724 ​ $ 13,279 ​ Lease Liability ​ $ 12,704 ​ $ 13,686 ​ Weighted Average Remaining Lease Term (Years) ​ ​ 10.17 ​ 11.1 ​ Weighted Average discount rate ​ ​ 3.22 % 3.32 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, ​ For the Six Months Ended June 30, (In thousands) 2020 2019 2020 2019 Operating Lease Expense ​ $ 428 ​ $ 445 ​ $ 862 ​ $ 915 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash paid for amounts included in lease liabilities ​ $ 401 ​ $ 405 ​ $ 805 ​ $ 843 Impairment loss on right-of-use asset ​ ​ 508 ​ ​ — ​ ​ 508 ​ ​ — Derecognition of right-of-use asset and lease liabilities ​ ​ 458 ​ ​ — ​ ​ 458 ​ ​ — Right-of-use assets obtained in exchange for operating lease liabilities ​ ​ — ​ ​ — ​ ​ 59 ​ ​ — ​ The following table presents a maturity schedule of undiscounted cash flows that contribute to the lease liability: ​ ​ ​ ​ ​ (In thousands) June 30, 2020 Six months ending December 31, 2020 ​ $ 776 Twelve months ending December 31, 2021 ​ 1,559 Twelve months ending December 31, 2022 ​ 1,599 Twelve months ending December 31, 2023 ​ ​ 1,596 Twelve months ending December 31, 2024 ​ ​ 1,566 Twelve months ending December 31, 2025 ​ ​ 1,441 Thereafter ​ ​ 6,462 Total ​ $ 14,999 Less: discount ​ ​ (2,295) ​ ​ $ 12,704 ​

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Risks and Uncertainties	Risks and Uncertainties The outbreak of COVID-19 has adversely impacted a broad range of industries in which our customers operate and could impair their ability to fulfill their financial obligations to us. The World Health Organization has declared COVID-19 to be a global pandemic indicating that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The spread of the outbreak has caused significant disruptions to the U.S. economy and has disrupted banking and other financial activity in the areas we operate. While there has been no material impact to our employees to date, COVID-19 could also potentially create widespread business continuity issues for us. The U.S. Congress, the President, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the CARES Act was signed into law at the end of March 2020 as a $2 trillion legislative package. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The package also includes extensive emergency funding for hospitals and providers. In addition to the general impact of COVID-19, certain provisions of the CARES Act as well as other recent legislative and regulatory relief efforts are expected to have a material impact on our operations. Our business is dependent upon the willingness and ability of our employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 escalates further or is unsuccessful, we could experience a material adverse effect on our business, financial condition, results of operations and cash flows. While it is not possible to know the full universe or extent that the impact of COVID-19, and resulting measures to curtail its spread, will have on our operations, we are aware of the following matters that are potentially material to us and our operations. Financial Condition and Results of Operations Our interest income could be reduced due to COVID-19. Consistent with guidance from regulators, we are actively working with COVID-19 affected borrowers to defer their payments, interest, and fees. While interest and fees will still accrue to income, through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, interest income and fees accrued would need to be reversed. In such a scenario, interest income in future periods could be negatively impacted. At this time, we are unable to project the materiality of such an impact, but recognize the breadth of the economic impact may affect our borrowers' ability to repay in future periods. Our fee income could be reduced due to COVID-19. Consistent with guidance from regulators, we are actively working with COVID-19 affected customers to waive fees from a variety of sources, such as, but not limited to, insufficient funds and overdraft fees, ATM fees, account maintenance fees, etc. These reductions in fees are thought, at this time, to be temporary in conjunction with the length of the expected COVID-19 related economic crisis. At this time, we are unable to project the materiality of such an impact, but recognize the breadth of the economic impact is likely to impact our fee income in future periods. Capital and Liquidity While we believe that we have sufficient capital to withstand an extended economic recession brought about by COVID-19, our regulatory capital ratios could be adversely impacted by future credit losses. We rely on cash on hand as well as dividends from our subsidiary bank to service our debt when necessary. If our capital deteriorates such that our subsidiary bank is unable to pay dividends to us for an extended period of time, we may not be able to service our debt. We maintain access to multiple sources of liquidity. Wholesale funding markets have remained open to us, but rates for short term funding have recently been volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on our net interest margin. If an extended recession caused large numbers of our deposit customers to withdraw their funds, we might become more reliant on volatile or more expensive sources of funding. Asset Valuation Currently, we do not expect COVID-19 to affect our ability to account timely for the valuation of assets on our balance sheet; however, this could change in future periods. While certain valuation assumptions and judgments will change to account for pandemic-related circumstances such as widening credit spreads, we do not anticipate significant changes in methodology used to determine the fair value of assets measured in accordance with GAAP. COVID-19 could cause a further and sustained decline in our stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform a goodwill impairment test and could result in an impairment charge being recorded for that period. In the event that we conclude that all or a portion of our goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. It is possible that the lingering effects of COVID-19 could cause the occurrence of what management would deem to be a triggering event that could, under certain circumstances, cause us to perform an intangible asset impairment test and could result in an impairment charge being recorded for that period. In the event that we conclude that all or a portion of our intangible assets are impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital. Processes, Controls and Business Continuity Plan We have invoked our Board approved Pandemic Preparedness Plan that includes a remote working strategy. We do not anticipate incurring additional material cost related to our continued deployment of the remote working strategy. No material operational or internal control challenges or risks have been identified to date. We do not anticipate significant challenges to our ability to maintain our systems and controls in light of the measures we have taken to prevent the spread of COVID-19. We do not currently face any material resource constraint through the implementation of our business continuity plans. Lending Operations and Accommodations to Borrowers Consistent with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the CARES Act, we are executing a payment deferral program for our commercial lending clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, we are deferring either the full loan payment or the principal component of the loan payment generally for 90 days. During the first and second quarter of 2020, we modified 277 loans for a total outstanding principal balance of $360.2 million, or 24.4% of the total loan portfolio. As of July 31, 2020, loans modified have reduced to 165 loans for a total outstanding principal balance of $226.7 million, or 15.3% of the total loan portfolio. As of July 31, 2020, customers requesting a second 90-day deferral had a total outstanding principal balance of $28.2 million, representing 15 loans. In accordance with interagency guidance issued in March 2020, these short term deferrals are not considered troubled debt restructurings (TDRs). With the passage of the PPP, administered by the SBA, we actively participated in assisting our customers with applications for resources through the program. The majority of the PPP loans we originated have a two-year term and earn interest at 1%. We believe that the majority of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program. As of June 30, 2020, we have closed or approved with the SBA 755 PPP loans representing $169.4 million in funding , net of deferred fees. It is our understanding that loans funded through the PPP program are fully guaranteed by the U.S. government. Should those circumstances change, we could be required to establish additional allowance for loan losses through a charge to earnings. Credit We are working with customers directly affected by COVID-19. We are prepared to offer short-term assistance in accordance with regulator guidelines. As a result of the current economic environment caused by the COVID-19 virus, we are engaging in more frequent communications with borrowers to better understand their situation and the challenges faced, allowing us to respond proactively as needs and issues arise. Should economic conditions worsen, we could experience further increases in our required allowance for loan losses and record additional provision for loan loss expense. It is possible that our asset quality measures could worsen at future measurement periods if the effects of COVID-19 are prolonged.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASUs 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASUs have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the U.S. Securities and Exchange Commission (SEC), such as the Company, and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. The Company has identified a third party vendor to assist in the measurement of expected credit losses under this standard. The implementation committee has completed the data collection process, validated the data inputs, and is in the initial phases of evaluating various allowance methodologies for certain loan segments within the Company’s loan portfolio. The Company is currently evaluating the implementation of ASU 2016-13 due to the change in implementation dates for smaller reporting companies. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (SAB) 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB Accounting Standards Codification (ASC) 326, "Financial Instruments - Credit Losses." It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes." The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers' application of certain income tax-related guidance. This ASU is part of the FASB's simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, such as the Company, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-12 will have on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” The ASU is based on a consensus of the Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions. ASU 2016-01 made targeted improvements to accounting for financial instruments, including providing an entity the ability to measure certain equity securities without a readily determinable fair value at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Among other topics, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting. For public business entities, such as the Company, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-01 to have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. To facilitate an orderly transition from interbank offered rates (IBORs) and other benchmark rates to alternative reference rates (ARRs), the Company has established an enterprise-wide initiative led by senior management. The objective of this initiative is to identify, assess and monitor risks associated with the expected discontinuation or unavailability of benchmarks, including LIBOR, achieve operational readiness and engage impacted clients in connection with the transition to ARRs. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. On March 12, 2020, the SEC finalized amendments to the definitions of its "accelerated filer" and "large accelerated filer" definitions. The amendments increase the threshold criteria for meeting these filer classifications and are effective on April 27, 2020. Any changes in filer status are to be applied beginning with the filer's first annual report filed with the SEC subsequent to the effective date. Prior to these changes, the Company was required to comply with section 404(b) of the Sarbanes Oxley Act concerning auditor attestation over internal control over financial reporting as an "accelerated filer" as it had more than $75 million in public float but less than $700 million at the end of the Company's most recent second quarter. The rule change expands the definition of "smaller reporting companies" to include entities with public float of less than $700 million and less than $100 million in annual revenues. The Company expects to meet this expanded category of small reporting company and will no longer be considered an accelerated filer. If the Company's annual revenues exceed $100 million, its category will change back to "accelerated filer". The classifications of "accelerated filer" and "large accelerated filer" require a public company to obtain an auditor attestation concerning the effectiveness of internal control over financial reporting (ICFR) and include the opinion on ICFR in its annual report on Form 10-K. Smaller reporting companies also have additional time to file quarterly and annual financial statements. All are required to obtain and file annual financial statement audits, as well as provide management's assertion on effectiveness of (ICFR), but the external auditor attestation of ICFR is not required for smaller reporting companies. As the Company has total assets exceeding $1.0 billion, it remains subject to the Federal Deposit Insurance Corporation Act, which requires an auditor attestation concerning ICFR. As such, other than the additional time provided to file quarterly and annual financial statements, this change does not significantly change the Company’s annual reporting and audit requirements. In March 2020 (Revised in April 2020), various regulatory agencies, including the Federal Reserve and the FDIC, (the agencies ),

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Securities
Schedule of amortized cost and fair values of securities held-to-maturity and securities available-for-sale	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (In thousands) Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ ​ ​ ​ ​ Securities of state and local municipalities tax exempt ​ $ 264 ​ $ 10 ​ $ — ​ $ 274 Total Held-to-maturity Securities ​ $ 264 ​ $ 10 ​ $ — ​ $ 274 Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ Securities of U.S. government and federal agencies ​ $ 3,000 ​ $ 12 ​ $ — ​ $ 3,012 Securities of state and local municipalities tax exempt ​ 3,655 ​ 106 ​ — ​ 3,761 Securities of state and local municipalities taxable ​ 903 ​ — ​ (9) ​ 894 Corporate bonds ​ 9,977 ​ 30 ​ (322) ​ 9,685 SBA pass-through securities ​ 149 ​ 1 ​ — ​ 150 Mortgage-backed securities ​ 74,892 ​ 3,117 ​ — ​ 78,009 Collateralized mortgage obligations ​ 25,444 ​ 863 ​ — ​ 26,307 Total Available-for-sale Securities ​ $ 118,020 ​ $ 4,129 ​ $ (331) ​ $ 121,818 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (In thousands) Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ ​ ​ ​ ​ Securities of state and local municipalities tax exempt ​ $ 264 ​ $ 6 ​ $ — ​ ​ 270 Total Held-to-maturity Securities ​ $ 264 ​ $ — ​ $ — ​ $ 270 Available-for-sale ​ ​ ​ ​ ​ Securities of U.S. government and federal agencies ​ $ 4,000 ​ $ — ​ $ (4) ​ $ 3,996 Securities of state and local municipalities tax exempt ​ 3,662 ​ 76 ​ — ​ 3,738 Securities of state and local municipalities taxable ​ 969 ​ — ​ (14) ​ 955 Corporate bonds ​ 6,984 ​ 78 ​ (81) ​ 6,981 SBA pass-through securities ​ 163 ​ — ​ (4) ​ 159 Mortgage-backed securities ​ 96,358 ​ 1,077 ​ (246) ​ 97,189 Collateralized mortgage obligations ​ 28,236 ​ 290 ​ (219) ​ 28,307 Total Available-for-sale Securities ​ $ 140,372 ​ $ 1,521 ​ $ (568) ​ $ 141,325
Schedule of available-for-sale securities that have been in a continuous unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total (In thousands) Fair Unrealized Fair Unrealized Fair Unrealized At June 30, 2020 ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Securities of state and local municipalities taxable ​ $ — ​ $ — ​ $ 894 ​ $ (9) ​ $ 894 ​ $ (9) Corporate bonds ​ 4,216 ​ (261) ​ 940 ​ (61) ​ 5,156 ​ (322) Total ​ $ 4,216 ​ $ (261) ​ $ 1,834 ​ $ (70) ​ $ 6,050 ​ $ (331) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized At December 31, 2019 ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Securities of U.S. government and federal agencies ​ $ 2,997 ​ $ (3) ​ $ 999 ​ $ (1) ​ $ 3,996 ​ $ (4) Securities of state and local municipalities taxable ​ ​ — ​ — ​ 955 ​ (14) ​ 955 ​ (14) Corporate bonds ​ 2,463 ​ (22) ​ 941 ​ (59) ​ 3,404 ​ (81) SBA pass-through securities ​ — ​ — ​ 159 ​ (4) ​ 159 ​ (4) Mortgage-backed securities ​ 15,529 ​ (73) ​ 20,475 ​ (173) ​ ​ 36,004 ​ (246) Collateralized mortgage obligations ​ 7,479 ​ (94) ​ 7,975 ​ (125) ​ 15,454 ​ (219) Total ​ $ 28,468 ​ $ (192) ​ $ 31,504 ​ $ (376) ​ $ 59,972 ​ $ (568)
Schedule of amortized cost and fair value of held-to-maturity securities and available-for-sale securities by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Held-to-maturity ​ Available-for-sale ​ ​ Amortized ​ Fair ​ Amortized Fair (In thousands) Cost Value Cost Value After 1 year through 5 years ​ $ — ​ $ — ​ $ 2,025 ​ $ 2,017 After 5 years through 10 years ​ 264 ​ 274 ​ 29,175 ​ 29,670 After 10 years ​ — ​ — ​ 86,820 ​ 90,131 Total ​ $ 264 ​ $ 274 ​ $ 118,020 ​ $ 121,818

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2020
Loans and Allowance for Loan Losses
Schedule of loan balances	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 (In thousands) Originated Acquired Total Originated Acquired Total Commercial real estate ​ $ 748,723 ​ $ 30,185 ​ $ 778,908 ​ $ 709,046 ​ $ 38,629 ​ $ 747,675 Commercial and industrial ​ 274,671 ​ 5,248 ​ 279,919 ​ 107,698 ​ 7,405 ​ 115,103 Commercial construction ​ 226,960 ​ 1,681 ​ 228,641 ​ 210,933 ​ 5,050 ​ 215,983 Consumer real estate ​ 138,955 ​ 39,710 ​ 178,665 ​ 136,762 ​ 46,050 ​ 182,812 Consumer nonresidential ​ 18,747 ​ 48 ​ 18,795 ​ 11,205 ​ 85 ​ 11,290 ​ ​ $ 1,408,056 ​ $ 76,872 ​ $ 1,484,928 ​ $ 1,175,644 ​ $ 97,219 ​ $ 1,272,863 Less: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses ​ 12,828 ​ 66 ​ 12,894 ​ 10,202 ​ 29 ​ 10,231 Unearned income and (unamortized premiums), net ​ 6,808 ​ — ​ 6,808 ​ 2,337 ​ — ​ 2,337 Loans, net ​ $ 1,388,420 ​ $ 76,806 ​ $ 1,465,226 ​ $ 1,163,105 ​ $ 97,190 ​ $ 1,260,295
Schedule of acquired loans	​ ​ ​ ​ ​ (In thousands) June 30, 2020 Purchased credit impaired acquired loans evaluated individually for future credit losses ​ Outstanding principal balance ​ $ 5,183 Carrying amount ​ 3,537 Other acquired loans ​ ​ Outstanding principal balance ​ 74,274 Carrying amount ​ 73,335 Total acquired loans ​ ​ Outstanding principal balance ​ 79,457 Carrying amount ​ 76,872 ​ ​ ​ ​ ​ (In thousands) December 31, 2019 Purchased credit impaired acquired loans evaluated individually for future credit losses ​ Outstanding principal balance ​ $ 5,605 Carrying amount ​ 4,810 Other acquired loans ​ ​ Outstanding principal balance ​ 93,587 Carrying amount ​ 92,409 Total acquired loans ​ ​ Outstanding principal balance ​ 99,192 Carrying amount ​ 97,219
Schedule of accretable yield on purchased credit impaired loans	​ ​ ​ ​ ​ (In thousands) ​ ​ Balance at January 1, 2020 $ 371 Accretion ​ ​ (89) Reclassification of nonaccretable difference due to improvement in expected cash flows ​ ​ 31 Other changes, net ​ ​ (21) Balance at June 30, 2020 $ 292 (In thousands) ​ ​ ​ Balance at January 1, 2019 $ 357 Accretion ​ ​ (136) Reclassification of nonaccretable difference due to improvement in expected cash flows ​ ​ 78 Other changes, net ​ ​ 72 Balance at December 31, 2019 $ 371
Schedule of allowance for loan losses	Allowance for Loan Losses For the three months ended June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Beginning Balance, April 1 ​ $ 7,667 ​ $ 1,170 ​ $ 1,904 ​ $ 427 ​ $ 58 ​ $ 11,226 Charge-offs ​ (23) ​ — ​ — ​ — ​ (64) ​ ​ (87) Recoveries ​ — ​ — ​ — ​ 1 ​ 4 ​ ​ 5 Provision ​ 1,211 ​ 86 ​ 201 ​ 121 ​ 131 ​ ​ 1,750 Ending Balance ​ $ 8,855 ​ $ 1,256 ​ $ 2,105 ​ $ 549 ​ $ 129 ​ $ 12,894 ​ Allowance for Loan Losses For the six months ended June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial and Commercial Consumer Consumer ​ ​ ​ ​ Real Estate ​ Industrial ​ Construction ​ Real Estate ​ Nonresidential ​ Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance, January 1 ​ $ 6,399 ​ $ 1,275 ​ $ 2,067 ​ $ 417 ​ $ 73 ​ $ 10,231 Charge-offs ​ (113) ​ — ​ — ​ (3) ​ (64) ​ (180) Recoveries ​ — ​ 19 ​ — ​ 2 ​ 6 ​ 27 Provision ​ 2,569 ​ (38) ​ 38 ​ 133 ​ 114 ​ 2,816 Ending Balance ​ $ 8,855 ​ $ 1,256 ​ $ 2,105 ​ $ 549 ​ $ 129 ​ $ 12,894 ​ Allowance for Loan Losses For the three months ended June 30, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential ​ Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Beginning Balance, April 1 ​ $ 5,812 ​ $ 1,480 ​ $ 1,491 ​ $ 495 ​ $ 234 ​ $ 9,512 Charge-offs ​ — ​ — ​ — ​ — ​ (21) ​ (21) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — Provision ​ 177 ​ (69) ​ 397 ​ (1) ​ 1 ​ 505 Ending Balance ​ $ 5,989 ​ $ 1,411 ​ $ 1,888 ​ $ 494 ​ $ 214 ​ $ 9,996 ​ Allowance for Loan Losses For the six months ended June 30, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential ​ Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Beginning Balance, January 1 ​ $ 5,548 ​ $ 1,474 ​ $ 1,285 ​ $ 518 ​ $ 334 ​ $ 9,159 Charge-offs ​ — ​ — ​ — ​ — ​ (183) ​ (183) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — Provision ​ 441 ​ (63) ​ 603 ​ (24) ​ 63 ​ 1,020 Ending Balance ​ $ 5,989 ​ $ 1,411 ​ $ 1,888 ​ $ 494 ​ $ 214 ​ $ 9,996 ​ Allowance for Loan Losses For the year ended December 31, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 5,548 ​ $ 1,474 ​ $ 1,285 ​ $ 518 ​ $ 334 ​ $ 9,159 Charge-offs ​ ​ (20) ​ ​ — ​ ​ — ​ ​ — ​ ​ (692) ​ ​ (712) Recoveries ​ 4 ​ 35 ​ — ​ 2 ​ 23 ​ 64 Provision ​ 867 ​ (234) ​ 782 ​ (103) ​ 408 ​ 1,720 Ending Balance ​ $ 6,399 ​ $ 1,275 ​ $ 2,067 ​ $ 417 ​ $ 73 ​ $ 10,231
Schedule of recorded investment in loans and impairment by portfolio segment	Allowance for Loan Losses At June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Ending Balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ 252 ​ $ — ​ $ 114 ​ $ — ​ $ 366 Purchased credit impaired ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Collectively evaluated for impairment ​ 8,855 ​ 1,004 ​ 2,105 ​ 435 ​ 129 ​ 12,528 ​ ​ $ 8,855 ​ $ 1,256 ​ $ 2,105 ​ $ 549 ​ $ 129 ​ $ 12,894 ​ Loans Receivable At June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Financing receivables: ​ ​ ​ ​ ​ ​ Ending Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 993 ​ $ 4,143 ​ $ 820 ​ $ 538 ​ $ — ​ $ 6,494 Purchased credit impaired ​ ​ 3,177 ​ ​ 305 ​ ​ — ​ ​ 55 ​ ​ — ​ ​ 3,537 Collectively evaluated for impairment ​ 774,738 ​ 275,471 ​ 227,821 ​ 178,072 ​ 18,795 ​ 1,474,897 ​ ​ $ 778,908 ​ $ 279,919 ​ $ 228,641 ​ $ 178,665 ​ $ 18,795 ​ $ 1,484,928 ​ Allowance for Loan Losses At June 30, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance: ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 26 ​ $ 343 ​ $ — ​ $ 29 ​ $ — ​ $ 398 Purchased credit impaired ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Collectively evaluated for impairment ​ 5,963 ​ 1,068 ​ 1,888 ​ 465 ​ 214 ​ 9,598 ​ ​ $ 5,989 ​ $ 1,411 ​ $ 1,888 ​ $ 494 ​ $ 214 ​ $ 9,996 ​ Loans Receivable At June 30, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Financing receivables: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 5,493 ​ $ 2,905 ​ $ — ​ $ 169 ​ $ — ​ $ 8,567 Purchased credit impaired ​ ​ 1,019 ​ ​ 461 ​ ​ — ​ ​ 366 ​ ​ — ​ ​ 1,846 Collectively evaluated for impairment ​ 657,739 ​ 131,352 ​ 218,182 ​ 194,363 ​ 24,249 ​ 1,225,885 ​ ​ $ 664,251 ​ $ 134,718 ​ $ 218,182 ​ $ 194,898 ​ $ 24,249 ​ $ 1,236,298 ​ Allowance for Loan Losses At December 31, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ Ending Balance: ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ 364 ​ $ — ​ $ 29 ​ $ — ​ $ 393 Purchased credit impaired ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Collectively evaluated for impairment ​ 6,399 ​ 911 ​ 2,067 ​ 388 ​ 73 ​ 9,838 ​ ​ $ 6,399 ​ $ 1,275 ​ $ 2,067 ​ $ 417 ​ $ 73 ​ $ 10,231 ​ Loans Receivable At December 31, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ ​ ​ Real Estate Industrial Construction Real Estate Nonresidential Total Financing receivables: ​ ​ ​ ​ ​ ​ Ending Balance ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 12,962 ​ $ 5,208 ​ $ 820 ​ $ 1,260 ​ $ — ​ $ 20,250 Purchased credit impaired ​ ​ 4,043 ​ ​ 400 ​ ​ — ​ ​ 367 ​ ​ — ​ ​ 4,810 Collectively evaluated for impairment ​ 730,670 ​ 109,495 ​ 215,163 ​ 181,185 ​ 11,290 ​ 1,247,803 ​ ​ $ 747,675 ​ $ 115,103 ​ $ 215,983 ​ $ 182,812 ​ $ 11,290 ​ $ 1,272,863
Schedule of Impaired loans	​ Impaired Loans – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ Average Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income (In thousands) ​ Investment ​ Balance ​ Allowance ​ Investment ​ Recognized June 30, 2020 ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ 1,751 ​ 1,752 ​ 252 ​ 1,752 ​ 55 Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 339 ​ 339 ​ 48 ​ 280 ​ 10 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 2,090 ​ $ 2,091 ​ $ 300 ​ $ 2,032 ​ $ 65 June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ 834 ​ $ 838 ​ $ — ​ $ 847 ​ $ 23 Commercial and industrial ​ 2,392 ​ 2,392 ​ — ​ 2,784 ​ 85 Commercial construction ​ 820 ​ 820 ​ — ​ 820 ​ 25 Consumer real estate ​ — ​ — ​ — ​ — ​ — Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 4,046 ​ $ 4,050 ​ $ — ​ $ 4,451 ​ $ 133 ​ Impaired Loans – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ Average Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income (In thousands) ​ Investment ​ Balance ​ Allowance ​ Investment ​ Recognized June 30, 2020 ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ — ​ — ​ — ​ — ​ — Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 169 ​ 163 ​ 66 ​ 163 ​ 5 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 169 ​ $ 163 ​ $ 66 ​ $ 163 ​ $ 5 June 30, 2020 ​ ​ ​ ​ ​ With no related allowance: ​ ​ ​ ​ ​ Commercial real estate ​ $ 159 ​ $ 165 ​ $ — ​ $ 165 ​ $ 7 Commercial and industrial ​ — ​ — ​ — ​ — ​ — Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 30 ​ 31 ​ — ​ 31 ​ 1 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 189 ​ $ 196 ​ $ — ​ $ 196 ​ $ 8 ​ Impaired Loans – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ Average Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income (In thousands) ​ Investment ​ Balance ​ Allowance ​ Investment ​ Recognized December 31, 2019 ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ 2,040 ​ 2,040 ​ 364 ​ 2,081 ​ 157 Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ — ​ — ​ — ​ — ​ — Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 2,040 ​ $ 2,040 ​ $ 364 ​ $ 2,081 ​ $ 157 December 31, 2019 ​ ​ ​ ​ ​ ​ With no related allowance: ​ ​ ​ ​ ​ Commercial real estate ​ $ 12,792 ​ $ 12,796 ​ $ — ​ $ 13,617 ​ $ 661 Commercial and industrial ​ 3,168 ​ 3,323 ​ — ​ 5,387 ​ 340 Commercial construction ​ 820 ​ 820 ​ — ​ 816 ​ 56 Consumer real estate ​ 940 ​ 940 ​ — ​ 940 ​ 38 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 17,720 ​ $ 17,879 ​ $ — ​ $ 20,760 ​ $ 1,095 ​ Impaired Loans – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ Average Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income (In thousands) ​ Investment ​ Balance ​ Allowance ​ Investment ​ Recognized December 31, 2019 ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ — ​ — ​ — ​ — ​ — Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 169 ​ 163 ​ 29 ​ 163 ​ 10 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 169 ​ $ 163 ​ ​ 29 ​ $ 163 ​ $ 10 December 31, 2019 ​ ​ ​ ​ ​ With no related allowance: ​ ​ ​ ​ ​ Commercial real estate ​ $ 170 ​ $ 165 ​ $ — ​ $ 165 ​ $ 13 Commercial and industrial ​ — ​ — ​ — ​ — ​ — Commercial construction ​ — ​ — ​ — ​ — ​ — Consumer real estate ​ 151 ​ 152 ​ — ​ 155 ​ 8 Consumer nonresidential ​ — ​ — ​ — ​ — ​ — ​ ​ $ 321 ​ $ 317 ​ $ — ​ $ 320 ​ $ 21 ​
Schedule of risk category of loans	As of June 30, 2020 – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ (In thousands) Estate Industrial Construction Real Estate Nonresidential Total Grade: ​ ​ ​ ​ ​ ​ Pass ​ $ 742,788 ​ $ 270,274 ​ $ 226,140 ​ $ 137,313 ​ $ 18,747 ​ $ 1,395,262 Special mention ​ 5,659 ​ 355 ​ — ​ 1,543 ​ — ​ 7,557 Substandard ​ 276 ​ 4,042 ​ 820 ​ 99 ​ — ​ 5,237 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 748,723 ​ $ 274,671 ​ $ 226,960 ​ $ 138,955 ​ $ 18,747 ​ $ 1,408,056 ​ As of June 30, 2020 – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ (In thousands) Estate Industrial Construction Real Estate Nonresidential Total Grade: ​ ​ ​ ​ ​ ​ Pass ​ $ 27,705 ​ $ 4,873 ​ $ 1,681 ​ $ 39,456 ​ $ 48 ​ $ 73,763 Special mention ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 2,480 ​ 375 ​ — ​ 254 ​ — ​ 3,109 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 30,185 ​ $ 5,248 ​ $ 1,681 ​ $ 39,710 ​ $ 48 ​ $ 76,872 ​ As of December 31, 2019 – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ (In thousands) Estate Industrial Construction Real Estate Nonresidential Total Grade: ​ ​ ​ ​ ​ ​ Pass ​ $ 690,082 ​ $ 102,491 ​ $ 210,113 ​ $ 134,913 ​ $ 11,186 ​ $ 1,148,785 Special mention ​ 14,772 ​ 476 ​ — ​ 1,748 ​ 19 ​ 17,015 Substandard ​ 4,192 ​ 4,731 ​ 820 ​ 101 ​ — ​ 9,844 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 709,046 ​ $ 107,698 ​ $ 210,933 ​ $ 136,762 ​ $ 11,205 ​ $ 1,175,644 ​ As of December 31, 2019 – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real ​ Commercial and ​ Commercial ​ Consumer ​ Consumer ​ ​ (In thousands) Estate Industrial Construction Real Estate Nonresidential Total Grade: ​ ​ ​ ​ ​ ​ Pass ​ $ 35,284 ​ $ 7,005 ​ $ 5,050 ​ $ 45,365 ​ $ 85 ​ $ 92,789 Special mention ​ 3,089 ​ — ​ — ​ 139 ​ — ​ 3,228 Substandard ​ 256 ​ 400 ​ — ​ 546 ​ — ​ 1,202 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 38,629 ​ $ 7,405 ​ $ 5,050 ​ $ 46,050 ​ $ 85 ​ $ 97,219 ​
Schedule of past due and nonaccrual loans	As of June 30, 2020 – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 days ​ 60-89 days ​ 90 days or more ​ Total ​ ​ ​ ​ ​ ​ ​ 90 days past due ​ ​ (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate ​ $ — ​ $ 610 ​ $ 1,197 ​ $ 1,807 ​ $ 746,916 ​ $ 748,723 ​ $ 1,197 ​ $ 150 Commercial and industrial ​ — ​ — ​ — ​ — ​ 274,671 ​ 274,671 ​ — ​ 3,184 Commercial construction ​ — ​ — ​ — ​ — ​ 226,960 ​ 226,960 ​ — ​ 820 Consumer real estate ​ 240 ​ 465 ​ — ​ 705 ​ 138,250 ​ 138,955 ​ — ​ — Consumer nonresidential ​ — ​ 75 ​ 8 ​ 83 ​ 18,664 ​ 18,747 ​ 8 ​ — Total ​ $ 240 ​ $ 1,150 ​ $ 1,205 ​ $ 2,595 ​ $ 1,405,461 ​ $ 1,408,056 ​ $ 1,205 ​ $ 4,154 ​ As of June 30, 2020 – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 days ​ 60-89 days ​ 90 days or more ​ Total ​ ​ ​ ​ ​ ​ ​ 90 days past due ​ ​ (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate ​ $ — ​ $ 444 ​ $ — ​ $ 444 ​ $ 29,741 ​ $ 30,185 ​ $ — ​ $ 2,321 Commercial and industrial ​ — ​ — ​ — ​ — ​ ​ 5,248 ​ 5,248 ​ — ​ 253 Commercial construction ​ — ​ — ​ — ​ — ​ ​ 1,681 ​ 1,681 ​ — ​ — Consumer real estate ​ — ​ — ​ 235 ​ 235 ​ ​ 39,475 ​ 39,710 ​ 235 ​ 325 Consumer nonresidential ​ — ​ — ​ — ​ — ​ 48 ​ 48 ​ — ​ — Total ​ $ — ​ $ 444 ​ $ 235 ​ $ 679 ​ $ 76,193 ​ $ 76,872 ​ $ 235 ​ $ 2,899 ​ As of December 31, 2019 – Originated Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 days ​ 60-89 days ​ 90 days or more ​ Total ​ ​ ​ ​ ​ ​ ​ 90 days past due ​ ​ (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate ​ $ 8,443 ​ $ — ​ $ 498 ​ $ 8,941 ​ $ 700,105 ​ $ 709,046 ​ $ 753 ​ $ 3,903 Commercial and industrial ​ 1,184 ​ — ​ 48 ​ 1,232 ​ 106,466 ​ 107,698 ​ 48 ​ 3,822 Commercial construction ​ 2,000 ​ — ​ — ​ 2,000 ​ 208,933 ​ 210,933 ​ — ​ 820 Consumer real estate ​ 396 ​ 153 ​ 356 ​ 905 ​ 135,857 ​ 136,762 ​ 101 ​ — Consumer nonresidential ​ 77 ​ 56 ​ 12 ​ 145 ​ 11,060 ​ 11,205 ​ 12 ​ — Total ​ $ 12,100 ​ $ 209 ​ $ 914 ​ $ 13,223 ​ $ 1,162,421 ​ $ 1,175,644 ​ $ 914 ​ $ 8,545 ​ As of December 31, 2019 – Acquired Loan Portfolio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 days ​ 60-89 days ​ 90 days or more ​ Total ​ ​ ​ ​ ​ ​ ​ 90 days past due ​ ​ (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 38,629 ​ $ 38,629 ​ $ — ​ $ 256 Commercial and industrial ​ — ​ — ​ — ​ — ​ 7,405 ​ 7,405 ​ — ​ 272 Commercial construction ​ — ​ — ​ — ​ — ​ 5,050 ​ 5,050 ​ — ​ — Consumer real estate ​ 1,138 ​ 241 ​ 118 ​ 1,497 ​ 44,553 ​ 46,050 ​ 118 ​ 620 Consumer nonresidential ​ — ​ — ​ — ​ — ​ 85 ​ 85 ​ — ​ — Total ​ $ 1,138 ​ $ 241 ​ $ 118 ​ $ 1,497 ​ $ 95,722 ​ $ 97,219 ​ $ 118 ​ $ 1,148 ​
Schedule of TDR's originated	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-Modification Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded Troubled Debt Restructurings ​ Contracts ​ Investment ​ Investment ​ ​ (Dollars in thousands) Commercial real estate 1 ​ $ 99 ​ $ 99 Total 1 ​ $ 99 ​ $ 99 ​ For the six months ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-Modification Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded Troubled Debt Restructurings ​ Contracts ​ Investment ​ Investment ​ ​ (Dollars in thousands) Commercial real estate 1 ​ $ 3,903 ​ $ 3,903 Total 1 ​ $ 3,903 ​ $ 3,903

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Financial Instruments
Schedule of notional amount and fair value of derivative financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ Notional Amount Fair Value Interest Rate Swap Agreements ​ (In thousands) Receive Fixed/Pay Variable Swaps ​ $ 158,010 ​ $ 15,755 Pay Fixed/Receive Variable Swaps ​ 158,010 ​ (15,755) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Notional Amount Fair Value Interest Rate Swap Agreements ​ (In thousands) Receive Fixed/Pay Variable Swaps ​ $ 94,755 ​ $ (6,001) Pay Fixed/Receive Variable Swaps ​ 94,755 ​ 6,001 At June 30, 2020, the information pertaining to outstanding interest rate swap agreements used to hedge variability in cash flows (FHLB advance which is included in other borrowed funds on the consolidated balance sheet) is as follows: ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Notional amount ​ $ 60,000 ​ Weighted average pay rate ​ 0.87 % Weighted average receive rate ​ 0.30 % Weighted average maturity in years ​ 2.6 years ​ Unrealized loss relating to interest rate swaps ​ $ (893) ​ ​

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	6 Months Ended
	Jun. 30, 2020
Financial Instruments with Off-Balance Sheet Risk
Schedule of financial instruments outstanding which contract amounts represent credit risk	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) June 30, 2020 December 31, 2019 Commitments to grant loans ​ $ 33,900 ​ $ 27,260 Unused commitments to fund loans and lines of credit ​ 193,531 ​ 244,367 Commercial and standby letters of credit ​ 8,208 ​ 9,002

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	6 Months Ended
	Jun. 30, 2020
Stock-Based Compensation Plan
Schedule of option activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ Number ​ Average ​ Remaining ​ Aggregate ​ ​ of ​ Exercise ​ Contractual ​ Intrinsic Options ​ Shares ​ Price ​ Term ​ Value (1) Outstanding at January 1, 2020 1,797,516 ​ $ 8.09 4.10 ​ Granted — ​ — ​ ​ Exercised (47,268) ​ 6.46 ​ ​ Forfeited or expired (3,139) ​ 10.62 ​ ​ Outstanding and Exercisable at June 30, 2020 1,747,109 ​ $ 8.13 3.65 ​ $ 3,936,397 (1)
Schedule of restricted stock grant activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ Number of ​ Grant Date ​ Shares Fair Value Nonvested at January 1, 2020 109,718 ​ $ 18.70 Granted — ​ — Vested (375) ​ 17.21 Forfeited (1,740) ​ 18.70 Balance at June 30, 2020 107,603 ​ $ 18.70

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Measurements
Schedule of financial assets and liabilities measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at ​ ​ ​ ​ ​ June 30, 2020 Using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ Balance as of ​ Identical ​ Observable ​ Unobservable (In thousands) ​ June 30, ​ Assets ​ Inputs ​ Inputs Description 2020 (Level 1) (Level 2) (Level 3) Assets ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale ​ ​ ​ ​ Securities of U.S. government and federal agencies ​ $ 3,012 ​ $ — ​ $ 3,012 ​ $ — Securities of state and local municipalities tax exempt ​ 3,761 ​ — ​ 3,761 ​ — Securities of state and local municipalities taxable ​ 894 ​ — ​ 894 ​ — Corporate bonds ​ 9,685 ​ — ​ 9,685 ​ — SBA pass-through securities ​ 150 ​ — ​ 150 ​ — Mortgage-backed securities ​ 78,009 ​ — ​ 78,009 ​ — Collateralized mortgage obligations ​ 26,307 ​ — ​ 26,307 ​ — Total Available-for-Sale Securities ​ $ 121,818 ​ $ — ​ $ 121,818 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at ​ ​ ​ ​ ​ December 31, 2019 Using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ Balance as of ​ Identical ​ Observable ​ Unobservable (In thousands) ​ December 31, ​ Assets ​ Inputs ​ Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets ​ ​ ​ ​ Available-for-sale ​ ​ ​ ​ Securities of U.S. government and federal agencies ​ $ 3,996 ​ $ — ​ $ 3,996 ​ $ — Securities of state and local municipalities tax exempt ​ 3,738 ​ — ​ 3,738 ​ — Securities of state and local municipalities taxable ​ 955 ​ — ​ 955 ​ — Corporate bonds ​ 6,981 ​ — ​ 6,981 ​ — SBA pass-through securities ​ 159 ​ — ​ 159 ​ — Mortgage-backed securities ​ 97,189 ​ — ​ 97,189 ​ — Collateralized mortgage obligations ​ 28,307 ​ — ​ 28,307 ​ — Total Available-for-Sale Securities ​ $ 141,325 ​ $ — ​ $ 141,325 ​ $ — ​
Schedule of the Company's assets that were measured at fair value on a nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ Balance as of ​ Identical ​ Observable ​ Unobservable (In thousands) ​ June 30, ​ Assets ​ Inputs ​ Inputs Description 2020 (Level 1) (Level 2) (Level 3) Assets ​ ​ ​ ​ ​ Impaired loans ​ $ 1,893 ​ $ — ​ $ — ​ $ 1,893 Loans held for sale ​ $ — ​ $ — ​ $ — ​ $ — Other real estate owned ​ $ 3,866 ​ $ — ​ $ — ​ $ 3,866 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ Balance as of ​ Identical ​ Observable ​ Unobservable (In thousands) ​ December 31, ​ Assets ​ Inputs ​ Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets ​ ​ ​ ​ Impaired loans ​ $ 1,816 ​ $ — ​ $ — ​ $ 1,816 Loans held for sale ​ $ 11,198 ​ $ — ​ $ 11,198 ​ $ — Other real estate owned ​ $ 3,866 ​ $ — ​ $ — ​ $ 3,866 ​
Schedule of quantitative information about Level 3 Fair Value Measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative information about Level 3 Fair Value Measurements for June 30, 2020 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans ​ $ 1,893 ​ Discounted value ​ Marketability/Selling costs ​ 0% - 8% (8%) ​ Other real estate owned ​ $ 3,866 Discounted appraised value Selling costs 10.51 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative information about Level 3 Fair Value Measurements for December 31, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans ​ $ 1,816 ​ Discounted appraised value ​ Marketability/Selling costs ​ 5% - 8% (7.84%) ​ Other real estate owned ​ $ 3,866 Discounted appraised value Selling costs 10.51 %
Schedule of carrying amount, fair value and placement in the fair value hierarchy of the Company's financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements as of June 30, 2020, using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ Assets ​ Inputs ​ Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ Cash and due from banks ​ $ 25,613 ​ $ 25,613 ​ $ — ​ $ — Interest-bearing deposits at other institutions ​ 64,989 ​ 64,989 ​ — ​ — Securities held-to-maturity ​ 264 ​ — ​ 274 ​ — Securities available-for-sale ​ 121,818 ​ — ​ 121,818 ​ — Restricted stock ​ 6,608 ​ — ​ 6,608 ​ — Loans held for sale ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loans, net ​ 1,465,226 ​ — ​ — ​ 1,444,258 Bank owned life insurance ​ 37,633 ​ — ​ 37,633 ​ — Accrued interest receivable ​ 7,186 ​ — ​ 7,186 ​ — Financial liabilities: ​ ​ ​ ​ Checking, savings and money market accounts ​ $ 1,118,408 ​ $ — ​ $ 1,118,408 ​ $ — Time deposits ​ 400,628 ​ — ​ 404,130 ​ — FHLB advances ​ ​ 25,000 ​ ​ — ​ ​ 25,000 ​ ​ — Subordinated notes ​ 24,527 ​ — ​ 24,291 ​ — Accrued interest payable ​ 524 ​ — ​ 524 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements as of December 31, 2019, using ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ Assets ​ Inputs ​ Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ Cash and due from banks ​ $ 14,916 ​ $ 14,916 ​ $ — ​ $ — Interest-bearing deposits at other institutions ​ 18,226 ​ 18,226 ​ — ​ — Securities held-to-maturity ​ 264 ​ — ​ 270 ​ — Securities available-for-sale ​ 141,325 ​ — ​ 141,325 ​ — Restricted stock ​ 6,017 ​ — ​ 6,017 ​ — Loans held for sale ​ ​ 11,198 ​ ​ — ​ ​ 11,198 ​ ​ — Loans, net ​ 1,260,295 ​ — ​ — ​ 1,254,685 Bank owned life insurance ​ 37,069 ​ — ​ 37,069 ​ — Accrued interest receivable ​ 4,094 ​ — ​ 4,094 ​ — Financial liabilities: ​ ​ ​ ​ ​ Checking, savings and money market accounts ​ $ 863,383 ​ $ — ​ $ 863,383 ​ $ — Time deposits ​ 422,339 ​ — ​ 424,398 ​ — Federal funds purchased ​ ​ 10,000 ​ ​ — ​ ​ 10,000 ​ ​ — FHLB advances ​ ​ 15,000 ​ ​ — ​ ​ 15,000 ​ ​ — Subordinated notes ​ 24,487 ​ — ​ 24,564 ​ — Accrued interest payable ​ 605 ​ — ​ 605 ​ —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share
Schedule of earning per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, ​ June 30, (In thousands, except per share data) 2020 2019 2020 2019 Net income ​ $ 2,880 ​ $ 4,085 ​ $ 6,613 ​ $ 8,011 Weighted average number of shares ​ 13,455 ​ 13,803 ​ 13,603 ​ 13,763 Effect of dilutive securities, restricted stock units and options ​ 469 ​ 1,014 ​ 657 ​ 1,036 Weighted average diluted shares ​ 13,924 ​ 14,817 ​ 14,260 ​ 14,799 Basic EPS ​ $ 0.21 ​ $ 0.30 ​ $ 0.49 ​ $ 0.58 Diluted EPS ​ $ 0.21 ​ $ 0.28 ​ $ 0.46 ​ $ 0.54

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss)
Schedule of changes in accumulated other comprehensive income (AOCI)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period ​ $ 2,968 ​ $ (531) ​ $ 2,437 Net unrealized gains (losses) during the period ​ 32 ​ (174) ​ ​ (142) Net reclassification adjustment for gains realized in income ​ ​ — ​ ​ — ​ ​ — Other comprehensive income (loss), net of tax ​ 32 ​ (174) ​ ​ (142) Balance, end of period ​ $ 3,000 ​ $ (705) ​ $ 2,295 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ ​ ​ ​ ​ Six Months Ended June 30, 2020 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period ​ $ 753 ​ $ (63) ​ $ 690 Net unrealized gains (losses) during the period ​ 2,324 ​ (642) ​ ​ 1,682 Net reclassification adjustment for gains realized in income ​ ​ (77) ​ ​ — ​ ​ (77) Other comprehensive income (loss), net of tax ​ 2,247 ​ (642) ​ ​ 1,605 Balance, end of period ​ $ 3,000 ​ $ (705) ​ $ 2,295 ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ Three Months June 30, ​ Six Months June 30, Available-for-Sale Securities 2019 2019 Balance, beginning of period ​ $ (1,031) ​ $ (2,411) Net unrealized gains (losses) during the period ​ ​ 1,382 ​ ​ 2,762 Other comprehensive income (loss), net of tax ​ 1,382 ​ 2,762 Balance, end of period ​ $ 351 ​ $ 351
Schedule of reclassifications from accumulated other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount Reclassified from AOCI ​ Amount Reclassified from AOCI ​ Affected Line Item ​ ​ into Income ​ into Income ​ in the Consolidated ​ ​ For the Three Months Ended June 30, ​ For the Six Months Ended June 30, ​ Statements of Details about AOCI 2020 ​ 2019 2020 ​ 2019 Income Gains on sale of available-for-sale securities ​ $ — ​ $ — ​ $ 97 ​ $ — ​ Gain on sale of securities available-for-sale Income tax expense ​ ​ — ​ ​ — ​ (20) ​ — ​ Income tax expense Total ​ $ — ​ $ — ​ $ 77 ​ $ — ​ Net of tax

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition
Schedule of noninterest income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, ​ June 30, (In thousands) 2020 2019 2020 2019 Noninterest Income ​ ​ ​ ​ In-scope of Topic 606 ​ ​ ​ ​ Service Charges on Deposit Accounts ​ $ 223 ​ $ 229 ​ $ 463 ​ $ 411 Fees, Exchange, and Other Service Charges ​ 76 ​ 123 ​ 159 ​ 198 Other income ​ 23 ​ 11 ​ 31 ​ 25 Noninterest Income (in-scope of Topic 606) ​ 322 ​ 363 ​ 653 ​ 634 Noninterest Income (out-scope of Topic 606) ​ 365 ​ 176 ​ 728 ​ 643 Total Noninterest Income ​ $ 687 ​ $ 539 ​ $ 1,381 ​ $ 1,277

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Information
Schedule of supplemental cash flow information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, (In thousands) 2020 2019 Supplemental Disclosure of Cash Flow Information: ​ ​ Cash paid for: ​ ​ Interest on deposits and borrowed funds ​ $ 8,375 ​ $ 8,817 Income taxes ​ 455 ​ 939 Noncash investing and financing activities: ​ ​ ​ ​ ​ Unrealized gain on securities available-for-sale ​ 2,845 ​ 3,496 Unrealized loss on interest rate swaps ​ ​ (813) ​ ​ — Transfer of loans held for sale to loans, net ​ ​ 9,641 ​ ​ — Initial right of use asset - operating leases ​ — ​ 12,249 Initial lease liability - operating leases ​ ​ — ​ ​ 12,656 Right-of-use assets obtained in the exchange for lease ​ ​ ​ ​ ​ ​ liabilities during the current period ​ ​ 59 ​ ​ — Derecognition of right-of-use assets and lease liability ​ ​ 458 ​ ​ —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases
Schedule of information about leases	​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) June 30, 2020 ​ December 31, 2019 ​ Right-of-Use-Asset ​ $ 11,724 ​ $ 13,279 ​ Lease Liability ​ $ 12,704 ​ $ 13,686 ​ Weighted Average Remaining Lease Term (Years) ​ ​ 10.17 ​ 11.1 ​ Weighted Average discount rate ​ ​ 3.22 % 3.32 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, ​ For the Six Months Ended June 30, (In thousands) 2020 2019 2020 2019 Operating Lease Expense ​ $ 428 ​ $ 445 ​ $ 862 ​ $ 915 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash paid for amounts included in lease liabilities ​ $ 401 ​ $ 405 ​ $ 805 ​ $ 843 Impairment loss on right-of-use asset ​ ​ 508 ​ ​ — ​ ​ 508 ​ ​ — Derecognition of right-of-use asset and lease liabilities ​ ​ 458 ​ ​ — ​ ​ 458 ​ ​ — Right-of-use assets obtained in exchange for operating lease liabilities ​ ​ — ​ ​ — ​ ​ 59 ​ ​ —
Schedule of maturity schedule of undiscounted cash flows that contribute to the lease liability	​ ​ ​ ​ ​ (In thousands) June 30, 2020 Six months ending December 31, 2020 ​ $ 776 Twelve months ending December 31, 2021 ​ 1,559 Twelve months ending December 31, 2022 ​ 1,599 Twelve months ending December 31, 2023 ​ ​ 1,596 Twelve months ending December 31, 2024 ​ ​ 1,566 Twelve months ending December 31, 2025 ​ ​ 1,441 Thereafter ​ ​ 6,462 Total ​ $ 14,999 Less: discount ​ ​ (2,295) ​ ​ $ 12,704

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies- Organization (Details) $ in Millions	Jul. 31, 2020USD ($)loan	Jun. 30, 2020USD ($)loan	Mar. 31, 2020USD ($)loan	Jun. 30, 2020USD ($)loan
Deferral period of the loans granted	90 days			90 days
Number of loans deferred | loan	15			277
Number of loans modified | loan	165	277	277
Outstanding principal balance of loan portfolio | $	$ 226.7	$ 360.2	$ 360.2	$ 360.2
Percentage of loan portfolio	15.30%	24.40%	24.40%	24.40%
Outstanding loan balances deferred | $	$ 28.2	$ 360.2		$ 360.2
PPP loans
Term of the loans granted				2 years
Interest rate (as a percent)				1.00%
Number of loans approved | loan		755		755
Value of loans approved | $		$ 169.4		$ 169.4

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Held-to-maturity
Securities held-to-maturity	$ 264	$ 264	[1]
Gross Unrealized Gains	10
Fair Value	274	270
Available-for-sale
Amortized Cost	118,020	140,372
Gross Unrealized Gains	4,129	1,521
Gross Unrealized (Losses)	(331)	(568)
Fair Value	121,818	141,325
Securities of U.S. government and federal agencies
Available-for-sale
Amortized Cost	3,000	4,000
Gross Unrealized Gains	12
Gross Unrealized (Losses)		(4)
Fair Value	3,012	3,996
Securities of state and local municipalities tax exempt
Held-to-maturity
Securities held-to-maturity	264	264
Gross Unrealized Gains	10	6
Fair Value	274	270
Available-for-sale
Amortized Cost	3,655	3,662
Gross Unrealized Gains	106	76
Fair Value	3,761	3,738
Securities of state and local municipalities taxable
Available-for-sale
Amortized Cost	903	969
Gross Unrealized (Losses)	(9)	(14)
Fair Value	894	955
Corporate bonds
Available-for-sale
Amortized Cost	9,977	6,984
Gross Unrealized Gains	30	78
Gross Unrealized (Losses)	(322)	(81)
Fair Value	9,685	6,981
SBA pass-through securities
Available-for-sale
Amortized Cost	149	163
Gross Unrealized Gains	1
Gross Unrealized (Losses)		(4)
Fair Value	150	159
Mortgage-backed securities
Available-for-sale
Amortized Cost	74,892	96,358
Gross Unrealized Gains	3,117	1,077
Gross Unrealized (Losses)		(246)
Fair Value	78,009	97,189
Collateralized mortgage obligations
Available-for-sale
Amortized Cost	25,444	28,236
Gross Unrealized Gains	863	290
Gross Unrealized (Losses)		(219)
Fair Value	26,307	28,307
Federal Reserve Bank
Available-for-sale
Pledged securities	$ 11,600	$ 11,300
[1]	Derived from audited consolidated financial statements.

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	$ 4,216	$ 28,468
Fair Value, 12 Months or Longer	1,834	31,504
Fair Value, Total	6,050	59,972
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(261)	(192)
Unrealized Losses, 12 Months or Longer	(70)	(376)
Unrealized Losses, Total	(331)	(568)
Securities of U.S. government and federal agencies
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months		2,997
Fair Value, 12 Months or Longer		999
Fair Value, Total		3,996
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months		(3)
Unrealized Losses, 12 Months or Longer		(1)
Unrealized Losses, Total		(4)
Securities of state and local municipalities taxable
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, 12 Months or Longer	894
Fair Value, Total	894
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer	(9)
Unrealized Losses, Total	(9)
Securities of state and local municipalities tax exempt
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, 12 Months or Longer		955
Fair Value, Total		955
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer		(14)
Unrealized Losses, Total		(14)
Corporate bonds
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	4,216	2,463
Fair Value, 12 Months or Longer	940	941
Fair Value, Total	5,156	3,404
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(261)	(22)
Unrealized Losses, 12 Months or Longer	(61)	(59)
Unrealized Losses, Total	$ (322)	(81)
SBA pass-through securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, 12 Months or Longer		159
Fair Value, Total		159
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer		(4)
Unrealized Losses, Total		(4)
Mortgage-backed securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months		15,529
Fair Value, 12 Months or Longer		20,475
Fair Value, Total		36,004
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months		(73)
Unrealized Losses, 12 Months or Longer		(173)
Unrealized Losses, Total		(246)
Collateralized mortgage obligations
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months		7,479
Fair Value, 12 Months or Longer		7,975
Fair Value, Total		15,454
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months		(94)
Unrealized Losses, 12 Months or Longer		(125)
Unrealized Losses, Total		$ (219)

Securities - Continuous Unrea_2

Securities - Continuous Unrealized Loss Position - Additional information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)security	Dec. 31, 2019USD ($)
Schedule Of Available For Sale Securities
Securities held to maturity, fair value | $	$ 274	$ 270
No rating
Schedule Of Available For Sale Securities
Number of investment securities	7
Securities of state and local municipalities
Schedule Of Available For Sale Securities
Number of investment securities	7
Securities of state and local municipalities | AA+
Schedule Of Available For Sale Securities
Number of investment securities	3
Securities of state and local municipalities | AA-
Schedule Of Available For Sale Securities
Number of investment securities	1
Securities of state and local municipalities | AA
Schedule Of Available For Sale Securities
Number of investment securities	1
Securities of state and local municipalities | No rating
Schedule Of Available For Sale Securities
Number of investment securities	2
Corporate bonds | A-
Schedule Of Available For Sale Securities
Number of investment securities	1

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Held-to-maturity, Amortized Cost
After 5 years through 10 years	$ 264
Amortized Cost	264	$ 264	[1]
Held-to-maturity, Fair Value
After 5 years through 10 years	274
Fair Value	274	270
Available-for-sale, Amortized Cost
After 1 year through 5 years	2,025
After 5 years through 10 years	29,175
After 10 years	86,820
Amortized Cost	118,020
Available-for-sale, Fair Value
After 1 year through 5 years	2,017
After 5 years through 10 years	29,670
After 10 years	90,131
Fair Value	$ 121,818	$ 141,325	[1]
[1]	Derived from audited consolidated financial statements.

Securities - Contractual Matu_2

Securities - Contractual Maturities - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Securities
Proceeds from maturities, calls and principal repayments of securities	$ 14,000,000	$ 8,900,000
Gross realized gains on available-for-sale securities		0
Realized losses		$ 0
Proceeds from calls and maturities of securities	1,000,000
Gross realized gains on securities	97,000
Book value of available-for-sale securities committed to sell	10,100,000
Gross realized loss on securities	$ 0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Summary of loan balances by type (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019		Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Loans and Allowance for Loan Losses
Loans, gross	$ 1,484,928		$ 1,272,863		$ 1,236,298
Allowance for loan losses	12,894	$ 11,226	10,231		9,996	$ 9,512	$ 9,159
Unearned income and (unamortized premiums), net	6,808		2,337
Loans, net	1,465,226		1,260,295	[1]
Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	778,908		747,675		664,251
Allowance for loan losses	8,855	7,667	6,399		5,989	5,812	5,548
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	279,919		115,103		134,718
Allowance for loan losses	1,256	1,170	1,275		1,411	1,480	1,474
Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	228,641		215,983		218,182
Allowance for loan losses	2,105	1,904	2,067		1,888	1,491	1,285
Consumer | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	178,665		182,812		194,898
Allowance for loan losses	549	427	417		494	495	518
Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	18,795		11,290		24,249
Allowance for loan losses	129	$ 58	73		$ 214	$ 234	$ 334
Originated Loan Portfolio
Loans and Allowance for Loan Losses
Loans, gross	1,408,056		1,175,644
Allowance for loan losses	12,828		10,202
Unearned income and (unamortized premiums), net	6,808		2,337
Loans, net	1,388,420		1,163,105
Originated Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	748,723		709,046
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	274,671		107,698
Originated Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	226,960		210,933
Originated Loan Portfolio | Consumer | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	138,955		136,762
Originated Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	18,747		11,205
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Loans, gross	76,872		97,219
Allowance for loan losses	66		29
Loans, net	76,806		97,190
Acquired Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	30,185		38,629
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	5,248		7,405
Acquired Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	1,681		5,050
Acquired Loan Portfolio | Consumer | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	39,710		46,050
Acquired Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	$ 48		$ 85
[1]	Derived from audited consolidated financial statements.

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Outstanding principal balance and related carrying amount of acquired loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Loans and Allowance for Loan Losses
Carrying amount	$ 6,494	$ 20,250	$ 8,567
Changes in the accretable yield on purchased credit impaired loans
Balance at the beginning of the period	371	357
Accretion	(89)	(136)
Reclassification of nonaccretable difference due to improvement in expected cash flows	31	78
Other changes, net	(21)	72
Balance at the end of the period	292	371
Purchased credit impaired
Loans and Allowance for Loan Losses
Outstanding principal balance	5,183	5,605
Carrying amount	3,537	4,810
Other acquired loans
Loans and Allowance for Loan Losses
Outstanding principal balance	74,274	93,587
Carrying amount	73,335	92,409
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Outstanding principal balance	79,457	99,192
Carrying amount	$ 76,872	$ 97,219

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	$ 11,226	$ 9,512	$ 10,231	$ 9,159	$ 9,159
Charge-offs	(87)	(21)	(180)	(183)	(712)
Recoveries	5		27		64
Provision	1,750	505	2,816	1,020	1,720
Loans and Leases Receivable, Allowance, Ending Balance	12,894	9,996	12,894	9,996	10,231
Ending Balance: Individually evaluated for impairment	366	398	366	398	393
Ending Balance: Collectively evaluated for impairment	12,528	9,598	12,528	9,598	9,838
Loans receivables:
Ending Balance: Individually evaluated for impairment	6,494	8,567	6,494	8,567	20,250
Ending Balance: Collectively evaluated for impairment	1,474,897	1,225,885	1,474,897	1,225,885	1,247,803
Loans receivables	1,484,928	1,236,298	1,484,928	1,236,298	1,272,863
Purchased credit impaired
Loans receivables:
Ending Balance: Individually evaluated for impairment	3,537		3,537		4,810
Loans receivables	3,537	1,846	3,537	1,846	4,810
Commercial | Real Estate
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	7,667	5,812	6,399	5,548	5,548
Charge-offs	(23)		(113)		(20)
Recoveries					4
Provision	1,211	177	2,569	441	867
Loans and Leases Receivable, Allowance, Ending Balance	8,855	5,989	8,855	5,989	6,399
Ending Balance: Individually evaluated for impairment		26		26
Ending Balance: Collectively evaluated for impairment	8,855	5,963	8,855	5,963	6,399
Loans receivables:
Ending Balance: Individually evaluated for impairment	993	5,493	993	5,493	12,962
Ending Balance: Collectively evaluated for impairment	774,738	657,739	774,738	657,739	730,670
Loans receivables	778,908	664,251	778,908	664,251	747,675
Commercial | Real Estate | Purchased credit impaired
Loans receivables:
Loans receivables	3,177	1,019	3,177	1,019	4,043
Commercial | Commercial and Industrial
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	1,170	1,480	1,275	1,474	1,474
Recoveries			19		35
Provision	86	(69)	(38)	(63)	(234)
Loans and Leases Receivable, Allowance, Ending Balance	1,256	1,411	1,256	1,411	1,275
Ending Balance: Individually evaluated for impairment	252	343	252	343	364
Ending Balance: Collectively evaluated for impairment	1,004	1,068	1,004	1,068	911
Loans receivables:
Ending Balance: Individually evaluated for impairment	4,143	2,905	4,143	2,905	5,208
Ending Balance: Collectively evaluated for impairment	275,471	131,352	275,471	131,352	109,495
Loans receivables	279,919	134,718	279,919	134,718	115,103
Commercial | Commercial and Industrial | Purchased credit impaired
Loans receivables:
Loans receivables	305	461	305	461	400
Commercial | Construction
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	1,904	1,491	2,067	1,285	1,285
Provision	201	397	38	603	782
Loans and Leases Receivable, Allowance, Ending Balance	2,105	1,888	2,105	1,888	2,067
Ending Balance: Collectively evaluated for impairment	2,105	1,888	2,105	1,888	2,067
Loans receivables:
Ending Balance: Individually evaluated for impairment	820		820		820
Ending Balance: Collectively evaluated for impairment	227,821	218,182	227,821	218,182	215,163
Loans receivables	228,641	218,182	228,641	218,182	215,983
Consumer | Real Estate
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	427	495	417	518	518
Charge-offs			(3)
Recoveries	1		2		2
Provision	121	(1)	133	(24)	(103)
Loans and Leases Receivable, Allowance, Ending Balance	549	494	549	494	417
Ending Balance: Individually evaluated for impairment	114	29	114	29	29
Ending Balance: Collectively evaluated for impairment	435	465	435	465	388
Loans receivables:
Ending Balance: Individually evaluated for impairment	538	169	538	169	1,260
Ending Balance: Collectively evaluated for impairment	178,072	194,363	178,072	194,363	181,185
Loans receivables	178,665	194,898	178,665	194,898	182,812
Consumer | Real Estate | Purchased credit impaired
Loans receivables:
Loans receivables	55	366	55	366	367
Consumer | Nonresidential
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	58	234	73	334	334
Charge-offs	(64)	(21)	(64)	(183)	(692)
Recoveries	4		6		23
Provision	131	1	114	63	408
Loans and Leases Receivable, Allowance, Ending Balance	129	214	129	214	73
Ending Balance: Collectively evaluated for impairment	129	214	129	214	73
Loans receivables:
Ending Balance: Collectively evaluated for impairment	18,795	24,249	18,795	24,249	11,290
Loans receivables	$ 18,795	$ 24,249	$ 18,795	$ 24,249	$ 11,290

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Originated Loan Portfolio
Recorded Investment
With an allowance recorded	$ 2,090	$ 2,040
With no related allowance	4,046	17,720
Unpaid Principal Balance
With an allowance recorded	2,091	2,040
With no related allowance	4,050	17,879
Related Allowance	300	364
Average Recorded Investment
With an allowance recorded	2,032	2,081
With no related allowance	4,451	20,760
Interest Income Recognized
With an allowance recorded	65	157
With no related allowance	133	1,095
Originated Loan Portfolio | Commercial | Real Estate
Recorded Investment
With no related allowance	834	12,792
Unpaid Principal Balance
With no related allowance	838	12,796
Average Recorded Investment
With no related allowance	847	13,617
Interest Income Recognized
With no related allowance	23	661
Originated Loan Portfolio | Commercial | Commercial and Industrial
Recorded Investment
With an allowance recorded	1,751	2,040
With no related allowance	2,392	3,168
Unpaid Principal Balance
With an allowance recorded	1,752	2,040
With no related allowance	2,392	3,323
Related Allowance	252	364
Average Recorded Investment
With an allowance recorded	1,752	2,081
With no related allowance	2,784	5,387
Interest Income Recognized
With an allowance recorded	55	157
With no related allowance	85	340
Originated Loan Portfolio | Commercial | Construction
Recorded Investment
With no related allowance	820	820
Unpaid Principal Balance
With no related allowance	820	820
Average Recorded Investment
With no related allowance	820	816
Interest Income Recognized
With no related allowance	25	56
Originated Loan Portfolio | Consumer | Real Estate
Recorded Investment
With an allowance recorded	339
With no related allowance		940
Unpaid Principal Balance
With an allowance recorded	339
With no related allowance		940
Related Allowance	48
Average Recorded Investment
With an allowance recorded	280
With no related allowance		940
Interest Income Recognized
With an allowance recorded	10
With no related allowance		38
Acquired Loan Portfolio
Recorded Investment
With an allowance recorded	169	169
With no related allowance	189	321
Unpaid Principal Balance
With an allowance recorded	163	163
With no related allowance	196	317
Related Allowance	66	29
Average Recorded Investment
With an allowance recorded	163	163
With no related allowance	196	320
Interest Income Recognized
With an allowance recorded	5	10
With no related allowance	8	21
Acquired Loan Portfolio | Commercial | Real Estate
Recorded Investment
With no related allowance	159	170
Unpaid Principal Balance
With no related allowance	165	165
Average Recorded Investment
With no related allowance	165	165
Interest Income Recognized
With no related allowance	7	13
Acquired Loan Portfolio | Consumer | Real Estate
Recorded Investment
With an allowance recorded	169	169
With no related allowance	30	151
Unpaid Principal Balance
With an allowance recorded	163	163
With no related allowance	31	152
Related Allowance	66	29
Average Recorded Investment
With an allowance recorded	163	163
With no related allowance	31	155
Interest Income Recognized
With an allowance recorded	5	10
With no related allowance	$ 1	$ 8

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Risk category (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Loans and allowance - Risk category of loans
Loans, gross	$ 1,484,928	$ 1,272,863	$ 1,236,298
Substandard
Loans and allowance - Risk category of loans
Loans, gross	366
Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	778,908	747,675	664,251
Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	279,919	115,103	134,718
Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	228,641	215,983	218,182
Consumer | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	178,665	182,812	194,898
Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	18,795	11,290	$ 24,249
Originated Loan Portfolio
Loans and allowance - Risk category of loans
Loans, gross	1,408,056	1,175,644
Originated Loan Portfolio | Pass
Loans and allowance - Risk category of loans
Loans, gross	1,395,262	1,148,785
Originated Loan Portfolio | Special mention
Loans and allowance - Risk category of loans
Loans, gross	7,557	17,015
Originated Loan Portfolio | Substandard
Loans and allowance - Risk category of loans
Loans, gross	5,237	9,844
Originated Loan Portfolio | Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	748,723	709,046
Originated Loan Portfolio | Commercial | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	742,788	690,082
Originated Loan Portfolio | Commercial | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	5,659	14,772
Originated Loan Portfolio | Commercial | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	276	4,192
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	274,671	107,698
Originated Loan Portfolio | Commercial | Commercial and Industrial | Pass
Loans and allowance - Risk category of loans
Loans, gross	270,274	102,491
Originated Loan Portfolio | Commercial | Commercial and Industrial | Special mention
Loans and allowance - Risk category of loans
Loans, gross	355	476
Originated Loan Portfolio | Commercial | Commercial and Industrial | Substandard
Loans and allowance - Risk category of loans
Loans, gross	4,042	4,731
Originated Loan Portfolio | Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	226,960	210,933
Originated Loan Portfolio | Commercial | Construction | Pass
Loans and allowance - Risk category of loans
Loans, gross	226,140	210,113
Originated Loan Portfolio | Commercial | Construction | Substandard
Loans and allowance - Risk category of loans
Loans, gross	820	820
Originated Loan Portfolio | Consumer | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	138,955	136,762
Originated Loan Portfolio | Consumer | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	137,313	134,913
Originated Loan Portfolio | Consumer | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	1,543	1,748
Originated Loan Portfolio | Consumer | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	99	101
Originated Loan Portfolio | Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	18,747	11,205
Originated Loan Portfolio | Consumer | Nonresidential | Pass
Loans and allowance - Risk category of loans
Loans, gross	18,747	11,186
Originated Loan Portfolio | Consumer | Nonresidential | Special mention
Loans and allowance - Risk category of loans
Loans, gross		19
Acquired Loan Portfolio
Loans and allowance - Risk category of loans
Loans, gross	76,872	97,219
Acquired Loan Portfolio | Pass
Loans and allowance - Risk category of loans
Loans, gross	73,763	92,789
Acquired Loan Portfolio | Special mention
Loans and allowance - Risk category of loans
Loans, gross		3,228
Acquired Loan Portfolio | Substandard
Loans and allowance - Risk category of loans
Loans, gross	3,109	1,202
Acquired Loan Portfolio | Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	30,185	38,629
Acquired Loan Portfolio | Commercial | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	27,705	35,284
Acquired Loan Portfolio | Commercial | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross		3,089
Acquired Loan Portfolio | Commercial | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	2,480	256
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	5,248	7,405
Acquired Loan Portfolio | Commercial | Commercial and Industrial | Pass
Loans and allowance - Risk category of loans
Loans, gross	4,873	7,005
Acquired Loan Portfolio | Commercial | Commercial and Industrial | Substandard
Loans and allowance - Risk category of loans
Loans, gross	375	400
Acquired Loan Portfolio | Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	1,681	5,050
Acquired Loan Portfolio | Commercial | Construction | Pass
Loans and allowance - Risk category of loans
Loans, gross	1,681	5,050
Acquired Loan Portfolio | Consumer | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	39,710	46,050
Acquired Loan Portfolio | Consumer | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	39,456	45,365
Acquired Loan Portfolio | Consumer | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross		139
Acquired Loan Portfolio | Consumer | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	254	546
Acquired Loan Portfolio | Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	48	85
Acquired Loan Portfolio | Consumer | Nonresidential | Pass
Loans and allowance - Risk category of loans
Loans, gross	$ 48	$ 85

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Past due and Non accrual of loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019		Jun. 30, 2019
Loans and Allowance for Loan Losses
Total loans	$ 1,484,928	$ 1,272,863		$ 1,236,298
Loans, net	1,465,226	1,260,295	[1]
Loans for which formal foreclosure proceedings are in process	0	177
Federal Home Loan Bank of Atlanta
Loans and Allowance for Loan Losses
Loans pledged	143,700	154,000
Adjustment
Loans and Allowance for Loan Losses
Loans, net	407	181
Deposits	407	181
Substandard
Loans and Allowance for Loan Losses
Total loans	366
Commercial | Real Estate
Loans and Allowance for Loan Losses
Total loans	778,908	747,675		664,251
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total loans	279,919	115,103		134,718
Commercial | Construction
Loans and Allowance for Loan Losses
Total loans	228,641	215,983		218,182
Consumer | Real Estate
Loans and Allowance for Loan Losses
Total loans	178,665	182,812		194,898
Consumer | Nonresidential
Loans and Allowance for Loan Losses
Total loans	18,795	11,290		$ 24,249
Originated Loan Portfolio
Loans and Allowance for Loan Losses
Total past due	2,595	13,223
Current	1,405,461	1,162,421
Total loans	1,408,056	1,175,644
90 days past due and still accruing	1,205	914
Nonaccruals	4,154	8,545
Loans, net	1,388,420	1,163,105
Originated Loan Portfolio | Special mention
Loans and Allowance for Loan Losses
Total loans	7,557	17,015
Leases receivable	9,500
Originated Loan Portfolio | Substandard
Loans and Allowance for Loan Losses
Total loans	5,237	9,844
Leases receivable	4,600
Originated Loan Portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	240	12,100
Originated Loan Portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	1,150	209
Originated Loan Portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	1,205	914
Originated Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Total past due	1,807	8,941
Current	746,916	700,105
Total loans	748,723	709,046
90 days past due and still accruing	1,197	753
Nonaccruals	150	3,903
Originated Loan Portfolio | Commercial | Real Estate | Special mention
Loans and Allowance for Loan Losses
Total loans	5,659	14,772
Originated Loan Portfolio | Commercial | Real Estate | Substandard
Loans and Allowance for Loan Losses
Total loans	276	4,192
Originated Loan Portfolio | Commercial | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		8,443
Originated Loan Portfolio | Commercial | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	610
Originated Loan Portfolio | Commercial | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	1,197	498
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total past due		1,232
Current	274,671	106,466
Total loans	274,671	107,698
90 days past due and still accruing		48
Nonaccruals	3,184	3,822
Originated Loan Portfolio | Commercial | Commercial and Industrial | Special mention
Loans and Allowance for Loan Losses
Total loans	355	476
Originated Loan Portfolio | Commercial | Commercial and Industrial | Substandard
Loans and Allowance for Loan Losses
Total loans	4,042	4,731
Originated Loan Portfolio | Commercial | Commercial and Industrial | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		1,184
Originated Loan Portfolio | Commercial | Commercial and Industrial | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due		48
Originated Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Total past due		2,000
Current	226,960	208,933
Total loans	226,960	210,933
Nonaccruals	820	820
Originated Loan Portfolio | Commercial | Construction | Substandard
Loans and Allowance for Loan Losses
Total loans	820	820
Originated Loan Portfolio | Commercial | Construction | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		2,000
Originated Loan Portfolio | Consumer | Real Estate
Loans and Allowance for Loan Losses
Total past due	705	905
Current	138,250	135,857
Total loans	138,955	136,762
90 days past due and still accruing		101
Originated Loan Portfolio | Consumer | Real Estate | Special mention
Loans and Allowance for Loan Losses
Total loans	1,543	1,748
Originated Loan Portfolio | Consumer | Real Estate | Substandard
Loans and Allowance for Loan Losses
Total loans	99	101
Originated Loan Portfolio | Consumer | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	240	396
Originated Loan Portfolio | Consumer | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	465	153
Originated Loan Portfolio | Consumer | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due		356
Originated Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Total past due	83	145
Current	18,664	11,060
Total loans	18,747	11,205
90 days past due and still accruing	8	12
Originated Loan Portfolio | Consumer | Nonresidential | Special mention
Loans and Allowance for Loan Losses
Total loans		19
Originated Loan Portfolio | Consumer | Nonresidential | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		77
Originated Loan Portfolio | Consumer | Nonresidential | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	75	56
Originated Loan Portfolio | Consumer | Nonresidential | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	8	12
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Total past due	679	1,497
Current	76,193	95,722
Total loans	76,872	97,219
90 days past due and still accruing	235	118
Nonaccruals	2,899	1,148
Loans, net	76,806	97,190
Acquired Loan Portfolio | Special mention
Loans and Allowance for Loan Losses
Total loans		3,228
Acquired Loan Portfolio | Substandard
Loans and Allowance for Loan Losses
Total loans	3,109	1,202
Acquired Loan Portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		1,138
Acquired Loan Portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	444	241
Acquired Loan Portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	235	118
Acquired Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Total past due	444
Current	29,741	38,629
Total loans	30,185	38,629
Nonaccruals	2,321	256
Acquired Loan Portfolio | Commercial | Real Estate | Special mention
Loans and Allowance for Loan Losses
Total loans		3,089
Acquired Loan Portfolio | Commercial | Real Estate | Substandard
Loans and Allowance for Loan Losses
Total loans	2,480	256
Acquired Loan Portfolio | Commercial | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	444
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Current	5,248	7,405
Total loans	5,248	7,405
Nonaccruals	253	272
Acquired Loan Portfolio | Commercial | Commercial and Industrial | Substandard
Loans and Allowance for Loan Losses
Total loans	375	400
Acquired Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Current	1,681	5,050
Total loans	1,681	5,050
Acquired Loan Portfolio | Consumer | Real Estate
Loans and Allowance for Loan Losses
Total past due	235	1,497
Current	39,475	44,553
Total loans	39,710	46,050
90 days past due and still accruing	235	118
Nonaccruals	325	620
Acquired Loan Portfolio | Consumer | Real Estate | Special mention
Loans and Allowance for Loan Losses
Total loans		139
Acquired Loan Portfolio | Consumer | Real Estate | Substandard
Loans and Allowance for Loan Losses
Total loans	254	546
Acquired Loan Portfolio | Consumer | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		1,138
Acquired Loan Portfolio | Consumer | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due		241
Acquired Loan Portfolio | Consumer | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	235	118
Acquired Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Current	48	85
Total loans	$ 48	$ 85
[1]	Derived from audited consolidated financial statements.

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Troubled debt restructurings (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)contract	Jun. 30, 2019USD ($)contract	Dec. 31, 2019USD ($)
Loans and Allowance for Loan Losses - Troubled debt restructurings
Number of Contracts | contract	1	1
Pre-Modification Outstanding Recorded Investment	$ 99	$ 3,903
Post-Modification Outstanding Recorded Investment	99	$ 3,903
Recorded investment in troubled debt restructurings	$ 99		$ 3,900
Commercial | Real Estate
Loans and Allowance for Loan Losses - Troubled debt restructurings
Number of Contracts | contract	1	1
Pre-Modification Outstanding Recorded Investment	$ 99	$ 3,903
Post-Modification Outstanding Recorded Investment	$ 99	$ 3,903

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) $ in Thousands	Jun. 30, 2020USD ($)agreement	Dec. 31, 2019USD ($)agreement
Swap agreements
Derivative Financial Instruments
Number of swap agreements outstanding not included in the offsetting | agreement	21	17
Collateralized amount	$ 15,800	$ 6,100
Receive Fixed/Pay Variable Swaps
Derivative Financial Instruments
Notional amount	158,010	94,755
Fair Value, Liability	15,755	(6,001)
Pay Fixed/Receive Variable Swaps
Derivative Financial Instruments
Notional amount	158,010	94,755
Fair Value, Asset	$ (15,755)	$ 6,001

Derivative Financial Instrume_4

Derivative Financial Instruments - Interest Rate Risk Management-Cash Flow Hedging Instruments (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Derivatives, Fair Value [Line Items]
Unrealized loss relating to interest rate swaps	$ (813)
Cash flow hedge
Derivatives, Fair Value [Line Items]
Notional amount	$ 60,000
Weighted average pay rate	0.87%
Weighted average receive rate	0.30%
Weighted average maturity in years	2 years 7 months 6 days
Unrealized loss relating to interest rate swaps	$ (893)

Financial Instruments with Of_3

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Financial Instruments with Off-Balance Sheet Risk
Cash on deposit in correspondent banks exceeding the federally insured limits	$ 20,800	$ 10,600
Commitments to grant loans | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	33,900	27,260
Unused commitments to fund loans and lines of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	193,531	244,367
Commercial and standby letters of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	$ 8,208	$ 9,002
Letters of credit expiration period (in years)	1 year

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Details) - shares	1 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019
Stock-Based Compensation Plan
Number of shares withheld to cover the cost of the exercise		0	2,737	0
Amended and Restated 2008 Option Plan | Stock option
Stock-Based Compensation Plan
Additional shares authorized for issuance (in shares)	200,000
Maximum shares authorized (in shares)		2,529,296	2,529,296
Vesting period (in years)			4 years
Contractual term (in years)			10 years
Shares available for grant (in shares)		165,211	165,211
Options granted (in shares)			0	0

Stock-Based Compensation Plan -

Stock-Based Compensation Plan - Options (Details) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Additional disclosures
Total income tax benefits related to stock options exercised				$ 82,000	$ 108,000
Stock option
Additional disclosures
Compensation cost		$ 170,000	$ 107,000	$ 376,000	$ 272,000
Total income tax benefits related to stock options exercised		$ 6,000	$ 0
Amended and Restated 2008 Option Plan | Stock option
Shares
Outstanding at the beginning of the year (in shares)				1,797,516
Granted (in shares)				0	0
Exercised (in shares)				(47,268)
Forfeited or expired (in shares)				(3,139)
Outstanding at the end of the year (in shares)						1,797,516
Exercisable at the end of the year (in shares)		1,747,109		1,747,109
Weighted-Average Exercise Price
Outstanding at the beginning of the year (in dollars per share)				$ 8.09
Exercised (in dollars per share)				6.46
Forfeited or expired (in dollars per share)				10.62
Outstanding at the end of the year (in dollars per share)						$ 8.09
Exercisable at the end of the year (in dollars per share)		$ 8.13		$ 8.13
Additional disclosures
Outstanding Weighted-Average Remaining Contractual Term (in years)						4 years 1 month 6 days
Exercisable Weighted-Average Remaining Contractual Term (in years)				3 years 7 months 24 days
Exercisable Aggregate Intrinsic Value	[1]			$ 3,936,397
[1]	The aggregate intrinsic value of stock options represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on June 30, 2020. This amount changes based on changes in the market value of the Company’s common stock.

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan - Restricted stock (Details) - Restricted stock - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Weighted Average Grant Date Fair Value
Unrecognized compensation cost	$ 1.5
Weighted-average recognition period (in months)	31 months
Amended and Restated 2008 Option Plan
Number of Shares
Balance at the beginning of the year (in shares)	109,718
Granted (in shares)	0	1,000
Vested (in shares)	(375)
Forfeited (in shares)	(1,740)
Balance at the end of the year (in shares)	107,603
Weighted Average Grant Date Fair Value
Outstanding at the beginning of the year (in dollars per share)	$ 18.70
Vested (in dollars per share)	17.21
Forfeited (in dollars per share)	18.70
Outstanding at the end of the year (in dollars per share)	$ 18.70

Fair Value Measurements - Finan

Fair Value Measurements - Financial assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Assets
Securities available-for-sale	$ 121,818	$ 141,325	[1]
Loans held for sale, at fair value	8,800	11,198	[1]
Loss on loans held for sale	(451)
Level 2
Assets
Securities available-for-sale	121,818	141,325
Recurring
Assets
Securities available-for-sale	121,818	141,325
Recurring | Securities of U.S. government and federal agencies
Assets
Securities available-for-sale	3,012	3,996
Recurring | Securities of state and local municipalities tax exempt
Assets
Securities available-for-sale	3,761	3,738
Recurring | Securities of state and local municipalities taxable
Assets
Securities available-for-sale	894	955
Recurring | Corporate bonds
Assets
Securities available-for-sale	9,685	6,981
Recurring | SBA pass-through securities
Assets
Securities available-for-sale	150	159
Recurring | Mortgage-backed securities
Assets
Securities available-for-sale	78,009	97,189
Recurring | Collateralized mortgage obligations
Assets
Securities available-for-sale	26,307	28,307
Recurring | Level 2
Assets
Securities available-for-sale	121,818	141,325
Recurring | Level 2 | Securities of U.S. government and federal agencies
Assets
Securities available-for-sale	3,012	3,996
Recurring | Level 2 | Securities of state and local municipalities tax exempt
Assets
Securities available-for-sale	3,761	3,738
Recurring | Level 2 | Securities of state and local municipalities taxable
Assets
Securities available-for-sale	894	955
Recurring | Level 2 | Corporate bonds
Assets
Securities available-for-sale	9,685	6,981
Recurring | Level 2 | SBA pass-through securities
Assets
Securities available-for-sale	150	159
Recurring | Level 2 | Mortgage-backed securities
Assets
Securities available-for-sale	78,009	97,189
Recurring | Level 2 | Collateralized mortgage obligations
Assets
Securities available-for-sale	$ 26,307	$ 28,307
[1]	Derived from audited consolidated financial statements.

Fair Value Measurements - Asset

Fair Value Measurements - Assets measured at fair value on a nonrecurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Loans held for sale	$ 8,800	$ 11,198	[1]
Nonrecurring
Assets
Impaired loans	1,893	1,816
Loans held for sale		11,198
Other real estate owned	3,866	3,866
Level 2 | Nonrecurring
Assets
Loans held for sale		11,198
Level 3 | Nonrecurring
Assets
Impaired loans	1,893	1,816
Other real estate owned	$ 3,866	$ 3,866
[1]	Derived from audited consolidated financial statements.

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative information about Level 3 fair value measurements (Details) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 1,893	$ 1,816
Other real estate owned	$ 3,866	$ 3,866
Level 3
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, Valuation Technique	fvcb:ValuationTechniqueDiscountedValueMember	fvcb:ValuationTechniqueDiscountedValueMember
Impaired loans, Measurement Input	us-gaap:MeasurementInputMarketabilitySellingCostsMember	us-gaap:MeasurementInputMarketabilitySellingCostsMember
Other real estate owned, Range	10.51	10.51
Other real estate owned, Valuation Technique	fvcb:ValuationTechniqueDiscountedAppraisedValueMember	fvcb:ValuationTechniqueDiscountedAppraisedValueMember
Other real estate owned, Unobservable input	us-gaap:MeasurementInputCostToSellMember	us-gaap:MeasurementInputCostToSellMember
Level 3 | Minimum
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, Range	0	5
Level 3 | Maximum
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, Range	8	8
Level 3 | Avg
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, Range	8	7.84
Level 3 | Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 1,893	$ 1,816
Other real estate owned	$ 3,866	$ 3,866

Fair Value Measurements - Carry

Fair Value Measurements - Carrying amount, fair value and placement in the fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Financial assets:
Cash and due from banks		$ 25,613	$ 14,916	[1]
Interest-bearing deposits at other institutions		64,989	18,226	[1]
Securities held-to-maturity		264	264	[1]
Securities available-for-sale		121,818	141,325	[1]
Restricted stock		6,608	6,017	[1]
Loans, net		1,465,226	1,260,295	[1]
Bank owned life insurance		37,633	37,069	[1]
Accrued interest receivable		7,186	4,094	[1]
Financial liabilities:
Time deposits		400,628	422,339	[1]
Federal funds purchased	[1]		10,000
FHLB advances		25,000	15,000	[1]
Subordinated notes		24,527	24,487	[1]
Accrued interest payable		524	605	[1]
Carrying Amount
Financial assets:
Cash and due from banks		25,613	14,916
Interest-bearing deposits at other institutions		64,989	18,226
Securities held-to-maturity		264	264
Securities available-for-sale		121,818	141,325
Restricted stock		6,608	6,017
Loans held for sale			11,198
Loans, net		1,465,226	1,260,295
Bank owned life insurance		37,633	37,069
Accrued interest receivable		7,186	4,094
Financial liabilities:
Checking, savings and money market accounts		1,118,408	863,383
Time deposits		400,628	422,339
Federal funds purchased			10,000
FHLB advances		25,000	15,000
Subordinated notes		24,527	24,487
Accrued interest payable		524	605
Level 1
Financial assets:
Cash and due from banks		25,613	14,916
Interest-bearing deposits at other institutions		64,989	18,226
Level 2
Financial assets:
Securities held-to-maturity		274	270
Securities available-for-sale		121,818	141,325
Restricted stock		6,608	6,017
Loans held for sale			11,198
Bank owned life insurance		37,633	37,069
Accrued interest receivable		7,186	4,094
Financial liabilities:
Checking, savings and money market accounts		1,118,408	863,383
Time deposits		404,130	424,398
Federal funds purchased			10,000
FHLB advances		25,000	15,000
Subordinated notes		24,291	24,564
Accrued interest payable		524	605
Level 3
Financial assets:
Loans, net		$ 1,444,258	$ 1,254,685
[1]	Derived from audited consolidated financial statements.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share
Number of anti-dilutive shares excluded from the calculation			321,560	0
Net income	$ 2,880	$ 4,085	$ 6,613	$ 8,011
Weighted average number of shares	13,455	13,803	13,603	13,763
Effect of dilutive securities, restricted stock units and options	469	1,014	657	1,036
Weighted average diluted shares	13,924	14,817	14,260	14,799
Basic EPS	$ 0.21	$ 0.30	$ 0.49	$ 0.58
Diluted EPS	$ 0.21	$ 0.28	$ 0.46	$ 0.54

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)component	Jun. 30, 2019USD ($)
Changes in accumulated other comprehensive income
Balance, beginning of period	$ 2,437		$ 690
Net unrealized gains (losses) during the period	(142)		1,682
Net reclassification adjustment for gains realized in income			(77)
Other comprehensive income (loss), net of tax	(142)	$ 1,382	1,605	$ 2,762
Balance, end of period	2,295		2,295
Reclassifications From Accumulated Other Comprehensive Income
Income tax expense	0		20
Total			$ (77)
Accumulated Other Comprehensive Income (Loss), net
Number of securities component of AOCI | component			2
Changes in accumulated other comprehensive income
Other comprehensive income (loss), net of tax	(142)	1,382	$ 1,605	2,762
Available-for-Sale Securities
Changes in accumulated other comprehensive income
Balance, beginning of period	2,968	(1,031)	753	(2,411)
Net unrealized gains (losses) during the period	32	1,382	2,324	2,762
Net reclassification adjustment for gains realized in income			(77)
Other comprehensive income (loss), net of tax	32	1,382	2,247	2,762
Balance, end of period	3,000	$ 351	3,000	$ 351
Reclassifications From Accumulated Other Comprehensive Income
Gains on sale of available-for-sale securities			97
Income tax expense			(20)
Total			(77)
Cash Flow Hedges
Changes in accumulated other comprehensive income
Balance, beginning of period	(531)		(63)
Net unrealized gains (losses) during the period	(174)		(642)
Other comprehensive income (loss), net of tax	(174)		(642)
Balance, end of period	$ (705)		$ (705)

Subordinated Notes (Details)

Subordinated Notes (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 20, 2016
Subordinated Notes
Face amount		$ 25
Interest rate		6.00%
Redemption price percentage of outstanding principal amount	100.00%
LIBOR
Subordinated Notes
Variable interest rate (as a percent)	4.87%
Minimum
Subordinated Notes
Notice period for redeem the subordinated notes	30 days
Maximum
Subordinated Notes
Notice period for redeem the subordinated notes	60 days

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue Recognition
Total Noninterest Income	$ 687	$ 539	$ 1,381	$ 1,277
Revenue, Practical Expedient, Incremental Cost of Obtaining Contract			true
Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	322	363	$ 653	634
Noninterest Income (out-scope of Topic 606)	365	176	728	643
Total Noninterest Income	687	539	1,381	1,277
Other Income | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	23	11	31	25
Service Charges on Deposit Accounts | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	223	229	463	411
Fees, Exchange, and Other Service Charges | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	$ 76	$ 123	$ 159	$ 198

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest on deposits and borrowed funds		$ 8,375	$ 8,817
Cash paid for income taxes		455	939
Noncash investing and financing activities:
Transfer of loans to other real estate owned		9,641
Unrealized gain on securities available-for-sale		2,845	3,496
Unrealized loss relating to interest rate swaps		(813)
Initial right of use asset - operating leases			12,249
Initial lease liability - operating leases			$ 12,656
Right-of-use assets obtained in the exchange for lease liabilities during the current period		59
Derecognition of right-of-use asset and lease liabilities	$ 458	$ 458

Leases (Details)

Leases (Details)	6 Months Ended
	Jun. 30, 2020
Leases
Existence of option to extend	true
Existence of residual value guarantees	false

Leases - Information about leas

Leases - Information about leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Leases
Right-of-Use-Asset	$ 11,724		$ 11,724		$ 13,279	[1]
Lease Liability	$ 12,704		$ 12,704		$ 13,686	[1]
Weighted Average Remaining Lease Term	10 years 2 months 1 day		10 years 2 months 1 day		11 years 1 month 6 days
Weighted Average discount rate	3.22%		3.22%		3.32%
Operating Lease Expense	$ 428	$ 445	$ 862	$ 915
Cash paid for amounts included in lease liabilities	401	$ 405	805	$ 843
Impairment loss on right-of-use asset	508		508
Derecognition of right-of-use asset and lease liabilities	$ 458		458
Right-of-use assets obtained in exchange for operating lease liabilities			$ 59
[1]	Derived from audited consolidated financial statements.

Leases - Maturity schedule of u

Leases - Maturity schedule of undiscounted cash flows that contribute to the lease liability (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	[1]
Schedule of undiscounted cash flows
Six months ending December 31, 2020	$ 776
Twelve months ending December 31, 2021	1,559
Twelve months ending December 31, 2022	1,599
Twelve months ending December 31, 2023	1,596
Twelve months ending December 31, 2024	1,566
Twelve months ending December 31, 2025	1,441
Thereafter	6,462
Total	14,999
Less: discount	(2,295)
Operating lease liabilities	$ 12,704	$ 13,686
[1]	Derived from audited consolidated financial statements.