FVCBankcorp (FVCB) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 04, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-38647
Entity Registrant Name	FVCBankcorp, Inc.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	47-5020283
Entity Address, Address Line One	11325 Random Hills Road
Entity Address, Address Line Two	Suite 240
Entity Address, City or Town	Fairfax,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22030
City Area Code	703
Local Phone Number	436-3800
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	FVCB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,991,830
Entity Central Index Key	0001675644
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	[1]
Assets
Cash and due from banks	$ 11,820	$ 24,613
Interest-bearing deposits at other financial institutions	56,522	216,345
Securities held-to-maturity (fair value of $0.2 million and $0.3 million at September 30, 2022 and December 31, 2021, respectively)	264	264
Securities available-for-sale, at fair value	282,215	357,774
Restricted stock, at cost	9,061	6,372
Loans, net of allowance for loan losses of $15.3 million and $13.8 million at September 30, 2022 and December 31, 2021, respectively	1,699,160	1,490,020
Premises and equipment, net	1,290	1,584
Accrued interest receivable	8,459	8,074
Prepaid expenses	3,428	1,393
Deferred tax assets, net	18,637	8,629
Goodwill and intangibles, net	7,849	8,052
Bank owned life insurance (BOLI)	55,016	39,171
Operating lease right-of-use assets	10,044	10,167
Other assets	41,219	30,466
Total assets	2,204,984	2,202,924
Deposits:
Noninterest-bearing	513,711	581,293
Interest-bearing checking, savings and money market	1,071,768	1,071,059
Time deposits	303,805	231,417
Total deposits	1,889,284	1,883,769
Federal Home Loan Bank (FHLB) advances	75,000	25,000
Subordinated notes, net of issuance costs	19,551	19,510
Accrued interest payable	845	1,034
Operating lease liabilities	10,759	11,111
Accrued expenses and other liabilities	14,910	52,704
Total liabilities	2,010,349	1,993,128
Commitments and Contingent Liabilities
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common stock, $0.01 par value	140	137
Additional paid-in capital	124,091	121,798
Retained earnings	109,984	89,904
Accumulated other comprehensive (loss), net	(39,580)	(2,043)
Total stockholders' equity	194,635	209,796
Total liabilities and stockholders' equity	$ 2,204,984	$ 2,202,924
[1]Derived from audited consolidated financial statements.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities held to maturity, fair value	$ 243	$ 270
Allowance for loan losses	$ 15,313	$ 13,829
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	13,991,881	13,727,045
Common stock, shares outstanding (in shares)	13,991,881	13,727,045

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest and Dividend Income
Interest and fees on loans	$ 19,344	$ 16,217	$ 52,194	$ 47,899
Interest and dividends on securities held-to-maturity	2	2	5	5
Interest and dividends on securities available-for-sale	1,481	996	4,471	2,586
Dividends on restricted stock	93	82	253	245
Interest on deposits at other financial institutions	171	89	417	205
Total interest and dividend income	21,091	17,386	57,340	50,940
Interest Expense
Interest on deposits	2,892	1,848	6,619	5,703
Interest on federal funds purchased	237	0	248	0
Interest on short-term debt	178	89	336	257
Interest on subordinated notes	258	970	773	2,272
Total interest expense	3,565	2,907	7,976	8,232
Net Interest Income	17,526	14,479	49,364	42,708
Provision for loan losses	365	0	1,900	0
Net interest income after provision for loan losses	17,161	14,479	47,464	42,708
Noninterest Income
Service charges on deposit accounts	241	278	706	768
BOLI income	352	249	844	746
Income from minority membership interest	(160)	364	754	364
Other income	142	170	540	659
Total noninterest income	575	1,061	2,844	2,537
Noninterest Expenses
Salaries and employee benefits	5,202	4,717	15,094	13,723
Occupancy and equipment expense	676	810	2,328	2,437
Data processing and network administration	595	520	1,688	1,633
State franchise taxes	509	496	1,527	1,487
Audit, legal and consulting fees	235	356	884	1,213
Merger and acquisition expense	0	1,107	125	1,107
Loan related expenses	242	417	230	830
FDIC insurance	155	160	515	590
Marketing, business development and advertising	93	55	270	160
Director fees	168	180	503	471
Postage, courier and telephone	33	46	124	141
Internet banking	173	132	474	406
Core deposit intangible and other amortization	97	75	298	233
Other operating expenses	421	355	1,198	1,104
Total noninterest expenses	8,599	9,426	25,258	25,535
Net income before income tax expense	9,137	6,114	25,050	19,710
Income tax expense	2,094	1,432	4,970	4,294
Net income	$ 7,043	$ 4,682	$ 20,080	$ 15,416
Earnings per share, basic (in dollars per share)	$ 0.50	$ 0.34	$ 1.44	$ 1.13
Earnings per share, diluted (in dollars per share)	$ 0.48	$ 0.32	$ 1.36	$ 1.06

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 7,043	$ 4,682	$ 20,080	$ 15,416
Other comprehensive (loss):
Unrealized (loss) on securities available for sale, net of tax benefit of $3,614 and $11,014 for the three and nine months ended September 30, 2022, respectively, and net of tax benefit of $450 and $696 for the three and nine months ended September 30, 2021, respectively.	(13,555)	(1,688)	(41,433)	(2,786)
Unrealized gain on interest rate swaps, net of tax expense of $842 and $1,037 for the three and nine months ended September 30, 2022 and net of tax expense of $17 and $73 for the three and nine months ended September 30, 2021, respectively.	3,167	61	3,896	274
Total other comprehensive (loss)	(10,388)	(1,627)	(37,537)	(2,512)
Total comprehensive (loss) income	$ (3,345)	$ 3,055	$ (17,457)	$ 12,904

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Tax benefit securities available for sale	$ 3,614	$ 450	$ 11,014	$ 696
Unrealized gain on interest rate swaps, tax expense	$ 842	$ 17	$ 1,037	$ 73

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Flows From Operating Activities
Net income	$ 20,080	$ 15,416
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	317	427
Provision for loan losses	1,900	0
Net amortization of premium of securities	484	347
Net accretion of deferred loan costs and fees	(1,767)	(4,490)
Net accretion of acquisition accounting adjustments	(125)	(331)
Income from minority membership interest	(754)	(364)
Amortization of subordinated debt issuance costs	41	466
Core deposit intangible and other amortization	298	233
Stock-based compensation expense	799	749
BOLI income	(844)	(746)
Changes in assets and liabilities:
Increase in accrued interest receivable, prepaid expenses and other assets	(12,368)	(15,916)
Increase (decrease) in accrued interest payable, accrued expenses and other liabilities	5,833	(4,899)
Net cash provided by (used in) operating activities	13,894	(9,108)
Cash Flows From Investing Activities
Decrease (increase) in interest-bearing deposits at other financial institutions	159,823	(2,259)
Purchases of securities available-for-sale	(47,160)	(181,219)
Proceeds from maturities and calls of securities available-for-sale	0	5,000
Proceeds from redemptions of securities available-for-sale	29,564	28,599
Net (purchase) redemption of restricted stock	(2,689)	191
Net (increase) decrease in loans	(209,141)	1,233
Purchase of bank-owned life insurance	(15,000)	0
Distribution received from minority owned investment	1,040	0
Purchases of premises and equipment, net	(129)	(428)
Net cash used in investing activities	(83,692)	(148,883)
Cash Flows From Financing Activities
Net (decrease) increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits	(66,873)	239,420
Net increase in FHLB advances	50,000	0
Net increase (decrease) in time deposits	72,381	(62,423)
Payments due to call of subordinated notes	0	(10,500)
Common stock issuance	1,497	1,041
Net cash provided by financing activities	57,005	167,538
Net increase (decrease) in cash and cash equivalents	(12,793)	9,547
Cash and cash equivalents, beginning of year	24,613	20,835
Cash and cash equivalents, end of period	$ 11,820	$ 30,382

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total		Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period (in shares) at Dec. 31, 2020			13,511
Balance at the beginning of the period at Dec. 31, 2020	$ 189,500		$ 135	$ 119,568	$ 67,971	$ 1,826
Increase (Decrease) in Stockholders' Equity
Net income	15,416				15,416
Other comprehensive loss	(2,512)					(2,512)
Common stock issuance for options exercised, net (in shares)			156
Common stock issuance for options exercised, net	1,041		$ 2	1,039
Vesting of restricted stock grants (in shares)			20
Stock-based compensation expense	749			749
Balance at the end of the period (in shares) at Sep. 30, 2021			13,687
Balance at the end of the period at Sep. 30, 2021	204,194		$ 137	121,356	83,387	(686)
Balance at the beginning of the period (in shares) at Jun. 30, 2021			13,648
Balance at the beginning of the period at Jun. 30, 2021	200,687		$ 136	120,905	78,705	941
Increase (Decrease) in Stockholders' Equity
Net income	4,682				4,682
Other comprehensive loss	(1,627)					(1,627)
Common stock issuance for options exercised, net (in shares)			20
Common stock issuance for options exercised, net	163		$ 1	162
Vesting of restricted stock grants (in shares)			19
Stock-based compensation expense	289			289
Balance at the end of the period (in shares) at Sep. 30, 2021			13,687
Balance at the end of the period at Sep. 30, 2021	204,194		$ 137	121,356	83,387	(686)
Balance at the beginning of the period (in shares) at Dec. 31, 2021			13,727
Balance at the beginning of the period at Dec. 31, 2021	209,796	[1]	$ 137	121,798	89,904	(2,043)
Increase (Decrease) in Stockholders' Equity
Net income	20,080				20,080
Other comprehensive loss	(37,537)					(37,537)
Common stock issuance for options exercised, net (in shares)			219
Common stock issuance for options exercised, net	1,497		$ 3	1,494
Vesting of restricted stock grants (in shares)			46
Stock-based compensation expense	799			799
Balance at the end of the period (in shares) at Sep. 30, 2022			13,992
Balance at the end of the period at Sep. 30, 2022	194,635		$ 140	124,091	109,984	(39,580)
Balance at the beginning of the period (in shares) at Jun. 30, 2022			13,971
Balance at the beginning of the period at Jun. 30, 2022	197,599		$ 140	123,710	102,941	(29,192)
Increase (Decrease) in Stockholders' Equity
Net income	7,043				7,043
Other comprehensive loss	(10,388)					(10,388)
Common stock issuance for options exercised, net (in shares)			3
Common stock issuance for options exercised, net	33			33
Vesting of restricted stock grants (in shares)			18
Stock-based compensation expense	348			348
Balance at the end of the period (in shares) at Sep. 30, 2022			13,992
Balance at the end of the period at Sep. 30, 2022	$ 194,635		$ 140	$ 124,091	$ 109,984	$ (39,580)
[1]Derived from audited consolidated financial statements.

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	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. and Baltimore metropolitan areas. The Bank commenced operations on November 27, 2007 and is a member of the Federal Reserve System (the "Federal Reserve") and the Federal Deposit Insurance Corporation (the "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. On August 31, 2021, the Company announced that the Bank had made an investment in Atlantic Coast Mortgage, LLC (“ACM”) for $20.4 million. As a result of this investment, the Bank has obtained a 28.7% ownership interest in ACM, which is subject to an earnback option of up to 3.7% over a three year period. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("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 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, 2021. 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 GAAP and conform to general practices within the banking industry. 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, determined its allowance methodology, is running the model parallel to the Company’s incurred loss model, and is subjecting the model to validation for the quarter ended September 30, 2022. The Company plans to disclose the impact of ASU 2016-13 on its consolidated financial statements as of December 31, 2022, prior to adoption, which will occur January 1, 2023. 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 March 2020, the FASB issued ASU 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 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. Subsequently, in January 2021, the FASB issued ASU 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. 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. In August 2020, the FASB issued ASU No. 2020-06 “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share ("EPS") calculation in certain areas. In addition, the amendment updates the disclosure requirements for convertible instruments to increase the information transparency. For public business entities, excluding smaller reporting companies, the amendments in the ASU are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. For all other entities, the standard will be effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-06 to have a material impact on its consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 addresses areas identified by the FASB as part of its post-implementation review of the credit losses standard (ASU 2016-13) that introduced the current expected credit losses ("CECL") model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this ASU should be applied prospectively, except for the transition method related to the recognition and measurement of troubled debt restructurings ("TDRs"), an entity has the option to apply a modified retrospective transition method, resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. For entities that have adopted ASU 2016-13, ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. For entities that have not yet adopted ASU 2016-13, the effective dates for ASU 2022-02 are the same as the effective dates in ASU 2016-13. Early adoption is permitted if an entity has adopted ASU 2016-13. An entity may elect to early adopt the amendments about TDRs and related disclosure enhancements separately from the amendments related to vintage disclosures. The Company is currently assessing the impact that ASU 2022-02 will have on its consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-01, “Derivatives and Hedging (Topic 815), Fair Value Hedging—Portfolio Layer Method.” ASU 2022-01 clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and is intended to better align hedge accounting with an organization’s risk management strategies. In 2017, FASB issued ASU 2017-12 to better align the economic results of risk management activities with hedge accounting. One of the major provisions of that standard was the addition of the last-of-layer hedging method. For a closed portfolio of fixed-rate prepayable financial assets or one or more beneficial interests secured by a portfolio of prepayable financial instruments, such as mortgages or mortgage-backed securities, the last-of-layer method allows an entity to hedge its exposure to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults, and other events affecting the timing and amount of cash flows. ASU 2022-01 renames that method the portfolio layer method. For public business entities, ASU 2022-01 is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company does not expect the adoption of ASU 2022-01 to have a material impact on its consolidated financial statements. In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” ASU 2022-03 clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company does not expect the adoption of ASU 2022-03 to have a material impact on its consolidated financial statements.

Securities

Securities	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Securities Amortized cost and fair values of securities held-to-maturity and securities available-for-sale as of September 30, 2022 and December 31, 2021, are as follows: September 30, 2022 (In thousands) Amortized Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ — $ (21) $ 243 Total Held-to-maturity Securities $ 264 $ — $ (21) $ 243 Available-for-sale Securities of U.S. government and federal agencies $ 13,558 $ — $ (2,552) $ 11,006 Securities of state and local municipalities tax exempt 1,387 — (31) 1,356 Securities of state and local municipalities taxable 519 — (28) 491 Corporate bonds 21,214 — (1,781) 19,433 SBA pass-through securities 75 — (7) 68 Mortgage-backed securities 289,417 — (49,329) 240,088 Collateralized mortgage obligations 11,057 — (1,284) 9,773 Total Available-for-sale Securities $ 337,227 $ — $ (55,012) $ 282,215 December 31, 2021 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ 6 $ — $ 270 Total Held-to-maturity Securities $ 264 $ 6 $ — $ 270 Available-for-sale Securities of U.S. government and federal agencies $ 13,719 $ — $ (283) $ 13,436 Securities of state and local municipalities tax exempt 1,393 58 — 1,451 Securities of state and local municipalities taxable 607 — (11) 596 Corporate bonds 13,970 259 (78) 14,151 SBA pass-through securities 107 1 — 108 Mortgage-backed securities 316,313 1,352 (3,827) 313,838 Collateralized mortgage obligations 14,230 113 (149) 14,194 Total Available-for-sale Securities $ 360,339 $ 1,783 $ (4,348) $ 357,774 The Company had $4.2 million and $5.8 million in securities pledged with the Federal Reserve Bank of Richmond ("FRB") to collateralize certain municipal deposits at September 30, 2022 and December 31, 2021, respectively . The Company had $106.3 million in securities pledged with the Virginia Department of Treasury to collateralize certain municipal deposits at September 30, 2022. There were $79.7 million securities pledged to the Virginia Department of Treasury at December 31, 2021. 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 September 30, 2022 and December 31, 2021, respectively. Two securities were held as of September 30, 2022 for which the book value and fair value were equal and therefore neither an unrealized gain nor loss was reflected herein. 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) At September 30, 2022 Fair Value Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses Securities of U.S. government and federal agencies $ — $ — $ 11,006 $ (2,552) $ 11,006 $ (2,552) Securities of state and local municipalities tax exempt 1,599 (52) — — 1,599 (52) Securities of state and local municipalities taxable — — 491 (28) 491 (28) Corporate bonds 14,968 (1,497) 2,715 (284) 17,683 (1,781) SBA pass-through securities 68 (7) — — 68 (7) Mortgage-backed securities 106,032 (18,884) 134,056 (30,445) 240,088 (49,329) Collateralized mortgage obligations 6,803 (571) 2,970 (713) 9,773 (1,284) Total $ 129,470 $ (21,011) $ 151,238 $ (34,022) $ 280,708 $ (55,033) (In thousands) Less Than 12 Months 12 Months or Longer Total At December 31, 2021 Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses Securities of U.S. government and federal agencies $ 13,275 $ (283) $ — $ — $ 13,275 $ (283) Securities of state and local municipalities taxable 595 (11) — — 595 (11) Corporate bonds 3,922 (78) — — 3,922 (78) Mortgage-backed securities 216,278 (3,175) 19,225 (652) 235,503 (3,827) Collateralized mortgage obligations 3,362 (82) 1,814 (67) 5,176 (149) Total $ 237,432 $ (3,629) $ 21,039 $ (719) $ 258,471 $ (4,348) Securities of U.S. government and federal agencies: The unrealized losses on three available-for-sale securities were caused by interest rate increases. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. Securities of state and local municipalities tax-exempt: The unrealized losses on three of the investments in securities of state and local municipalities were caused by interest rate increases. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. These investments carry an S&P investment grade rating of AA+ and AA. Securities of state and local municipalities taxable: The unrealized loss on one of the investments in securities of state and local municipalities was caused by interest rate increases. The contractual terms of this investment does not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. The investment carries an S&P investment grade rating of AAA. Corporate bonds: The unrealized losses on the investments in corporate bonds were caused by interest rate increases. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. One of these investments carries an S&P investment grade rating of BBB+, while one has a rating of BBB-. The remaining 14 investments do not carry a rating. SBA pass-through securities: The unrealized losses on one available-for-sale security was caused by interest rate increases. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. Mortgage-backed securities: The unrealized losses on the Company’s investment in 106 mortgage-backed securities were caused by interest rate increases. The contractual cash flows of those investments are guaranteed by an agency of the U.S. Government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments. Because the decline in market value is attributable to changes in interest rates and not credit quality, the Company does not consider those investments to be other-than-temporarily impaired at September 30, 2022. Collateralized mortgage obligations ("CMOs"): The unrealized loss associated with 30 CMOs was caused by interest rate increases. The contractual cash flows of these investments are guaranteed by an agency of the U.S. Government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments. Because the decline in market value is attributable to changes in interest rates and not credit quality, the Company does not consider those investments to be other-than-temporarily impaired at September 30, 2022. The amortized cost and fair value of securities as of September 30, 2022, 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. September 30, 2022 Held-to-maturity Available-for-sale (In thousands) Amortized Cost Fair Value Amortized Cost Fair Value After 1 year through 5 years $ 264 $ 243 $ 3,726 $ 3,611 After 5 years through 10 years — — 48,957 43,588 After 10 years — — 284,544 235,016 Total $ 264 $ 243 $ 337,227 $ 282,215 For the nine months ended September 30, 2022 and 2021, proceeds from principal repayments of securities were $29.5 million and $28.6 million, respectively. During the nine months ended September 30, 2022 and 2021, proceeds from calls and maturities of securities were $0 and $5.0 million, respectively. There were no gross realized gains or losses during the nine months ended September 30, 2022 and 2021, respectively.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses A summary of loan balances by type follows: September 30, 2022 December 31, 2021 (In thousands) Originated Acquired Total Originated Acquired Total Commercial real estate $ 1,014,838 $ 15,488 $ 1,030,326 $ 887,310 $ 18,802 $ 906,112 Commercial and industrial 208,399 2,997 211,396 199,040 3,710 202,750 Commercial construction 150,918 579 151,497 186,572 1,043 187,615 Consumer real estate 293,707 19,371 313,078 176,682 23,922 200,604 Consumer nonresidential 9,130 24 9,154 10,277 27 10,304 $ 1,676,992 $ 38,459 $ 1,715,451 $ 1,459,881 $ 47,504 $ 1,507,385 Less: Allowance for loan losses 15,313 — 15,313 13,829 — 13,829 Unearned income and (unamortized premiums), net 978 — 978 3,536 — 3,536 Loans, net $ 1,660,701 $ 38,459 $ 1,699,160 $ 1,442,516 $ 47,504 $ 1,490,020 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 September 30, 2022 and December 31, 2021 are as follows: (In thousands) September 30, 2022 Purchased credit impaired acquired loans evaluated individually for credit losses Outstanding principal balance $ 168 Carrying amount — Other acquired loans Outstanding principal balance 38,909 Carrying amount 38,459 Total acquired loans Outstanding principal balance 39,077 Carrying amount 38,459 (In thousands) December 31, 2021 Purchased credit impaired acquired loans evaluated individually for credit losses Outstanding principal balance $ 207 Carrying amount — Other acquired loans Outstanding principal balance 48,049 Carrying amount 47,504 Total acquired loans Outstanding principal balance 48,256 Carrying amount 47,504 The following table presents changes during the nine months ended September 30, 2022 and the year ended December 31, 2021, respectively, in the accretable yield on purchased credit impaired loans for which the Company applies ASC 310-30. (In thousands) Balance at January 1, 2022 $ 3 Accretion (33) Reclassification of nonaccretable difference due to changes in expected cash flows 23 Other changes, net 7 Balance at September 30, 2022 $ — (In thousands) Balance at January 1, 2021 $ 216 Accretion (217) Reclassification of nonaccretable difference due to changes in expected cash flows 54 Other changes, net (50) Balance at December 31, 2021 $ 3 An analysis of the allowance for loan losses for the Three and Nine months ended September 30, 2022 and 2021, and for the year ended December 31, 2021, follows: Allowance for Loan Losses For the Three Months Ended September 30, 2022 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, July 1 $ 10,067 $ 2,256 $ 1,765 $ 728 $ 141 $ 14,957 Charge-offs — — — — (28) (28) Recoveries — — — — 19 19 Provision 362 (124) (165) 310 (18) 365 Ending Balance $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Allowance for Loan Losses For the Nine Months Ended September 30, 2022 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, January 1 $ 8,995 $ 1,827 $ 2,009 $ 781 $ 217 $ 13,829 Charge-offs — (396) — — (82) (478) Recoveries — — — 1 61 62 Provision 1,434 701 (409) 256 (82) 1,900 Ending Balance $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Allowance for Loan Losses For the Three Months Ended September 30, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, July 1 $ 8,969 $ 2,032 $ 2,360 $ 673 $ 325 $ 14,359 Charge-offs (24) — — — (24) (48) Recoveries — — — 31 21 52 Provision 569 (410) (135) 27 (51) — Ending Balance $ 9,514 $ 1,622 $ 2,225 $ 731 $ 271 $ 14,363 Allowance for Loan Losses For the Nine Months Ended September 30, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, January 1 $ 9,291 $ 2,546 $ 1,960 $ 690 $ 471 $ 14,958 Charge-offs (476) (117) — — (201) (794) Recoveries 24 — — 35 140 199 Provision 675 (807) 265 6 (139) — Ending Balance $ 9,514 $ 1,622 $ 2,225 $ 731 $ 271 $ 14,363 Allowance for Loan Losses For the Year Ended December 31, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, January 1 $ 9,291 $ 2,546 $ 1,960 $ 690 $ 471 $ 14,958 Charge-offs (477) (117) — — (255) (849) Recoveries 24 — — 35 161 220 Provision 157 (602) 49 56 (160) (500) Ending Balance $ 8,995 $ 1,827 $ 2,009 $ 781 $ 217 $ 13,829 The following tables present the recorded investment in loans and impairment method as of September 30, 2022 and 2021, and at December 31, 2021, by portfolio segment: Allowance for Loan Losses At September 30, 2022 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Ending Balance Individually evaluated for impairment $ 71 $ 92 $ — $ 1 $ — $ 164 Purchased credit impaired — — — — — — Collectively evaluated for impairment 10,358 2,040 1,600 1,037 114 15,149 $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Loans Receivable At September 30, 2022 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Financing receivables: Ending Balance Individually evaluated for impairment $ 11,357 $ 4,753 $ — $ 89 $ — $ 16,199 Purchased credit impaired — — — — — — Collectively evaluated for impairment 1,018,969 206,643 151,497 312,989 9,154 1,699,252 $ 1,030,326 $ 211,396 $ 151,497 $ 313,078 $ 9,154 $ 1,715,451 Allowance for Loan Losses At September 30, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Ending Balance Individually evaluated for impairment $ 701 $ 270 $ — $ 22 $ — $ 993 Purchased credit impaired — — — — — — Collectively evaluated for impairment 8,813 1,352 2,225 709 271 13,370 $ 9,514 $ 1,622 $ 2,225 $ 731 $ 271 $ 14,363 Loans Receivable At September 30, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Financing receivables: Ending Balance Individually evaluated for impairment $ 11,928 $ 5,230 $ 1,596 $ 414 $ — $ 19,168 Purchased credit impaired — — — — — — Collectively evaluated for impairment 858,539 216,851 204,997 165,683 8,245 1,454,315 $ 870,467 $ 222,081 $ 206,593 $ 166,097 $ 8,245 $ 1,473,483 Allowance for Loan Losses At December 31, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Ending Balance Individually evaluated for impairment $ — $ 181 $ — $ 5 $ — $ 186 Purchased credit impaired — — — — — — Collectively evaluated for impairment 8,995 1,646 2,009 776 217 13,643 $ 8,995 $ 1,827 $ 2,009 $ 781 $ 217 $ 13,829 Loans Receivable At December 31, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Financing receivables: Ending Balance Individually evaluated for impairment $ 11,915 $ 5,214 $ 1,557 $ 343 $ — $ 19,029 Purchased credit impaired — — — — — — Collectively evaluated for impairment 894,197 197,536 186,058 200,261 10,304 1,488,356 $ 906,112 $ 202,750 $ 187,615 $ 200,604 $ 10,304 $ 1,507,385 Impaired loans by class excluding purchased credit impaired, at September 30, 2022 and December 31, 2021, are summarized as follows: Impaired Loans – Originated Loan Portfolio (In thousands) Recorded Investment Unpaid Related Average Interest September 30, 2022 With an allowance recorded: Commercial real estate $ 1,703 $ 1,703 $ 71 $ 1,704 $ 98 Commercial and industrial 1,678 1,688 92 1,688 78 Commercial construction — — — — — Consumer real estate 89 89 1 91 4 Consumer nonresidential — — — — — $ 3,470 $ 3,480 $ 164 $ 3,483 $ 180 September 30, 2022 With no related allowance: Commercial real estate $ 9,654 $ 9,654 $ — $ 9,654 $ 357 Commercial and industrial 3,075 3,075 — 3,124 152 Commercial construction — — — — — Consumer real estate — — — — — Consumer nonresidential — — — — — $ 12,729 $ 12,729 $ — $ 12,778 $ 509 Impaired Loans – Originated Loan Portfolio (In thousands) Recorded Investment Unpaid Related Average Interest December 31, 2021 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,678 1,688 181 1,711 95 Commercial construction — — — — — Consumer real estate 93 93 5 95 7 Consumer nonresidential — — — — — $ 1,771 $ 1,781 $ 186 $ 1,806 $ 102 December 31, 2021 With no related allowance: Commercial real estate $ 11,915 $ 11,915 $ — $ 11,947 $ 581 Commercial and industrial 3,536 3,536 — 3,660 238 Commercial construction 1,557 1,596 — 1,597 174 Consumer real estate 250 250 — 250 28 Consumer nonresidential — — — — — $ 17,258 $ 17,297 $ — $ 17,454 $ 1,021 There were no impaired loans in the acquired loan portfolio at both September 30, 2022 and December 31, 2021, respectively. 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 — Loans listed as pass include larger non-homogeneous loans not meeting the risk rating definitions below and smaller, homogeneous loans not assessed on an individual basis. Special Mention — Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard — Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the enhanced possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful — Loans classified as doubtful include those loans which have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on currently known facts, conditions and values, improbable. Loss — Loans classified as loss include those loans which are considered uncollectible and of such little value that their continuance as loans is not warranted. Even though partial recovery may be achieved in the future, it is neither practical nor desirable to defer writing off these loans. Based on the most recent analysis performed, the risk category of loans by class of loans was as follows as of September 30, 2022 and December 31, 2021: As of September 30, 2022 – Originated Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 997,848 $ 203,246 $ 150,918 $ 293,555 $ 9,130 $ 1,654,697 Special mention 5,633 400 — 63 — 6,096 Substandard 11,357 4,753 — 89 — 16,199 Doubtful — — — — — — Loss — — — — — — Total $ 1,014,838 $ 208,399 $ 150,918 $ 293,707 $ 9,130 $ 1,676,992 As of September 30, 2022 – Acquired Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 14,022 $ 2,997 $ 579 $ 19,371 $ 24 $ 36,993 Special mention 1,466 — — — — 1,466 Substandard — — — — — — Doubtful — — — — — — Loss — — — — — — Total $ 15,488 $ 2,997 $ 579 $ 19,371 $ 24 $ 38,459 As of December 31, 2021 – Originated Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 875,395 $ 193,426 $ 182,497 $ 176,271 $ 10,277 $ 1,437,866 Special mention — 400 2,518 68 — 2,986 Substandard 11,915 5,214 1,557 343 — 19,029 Doubtful — — — — — — Loss — — — — — — Total $ 887,310 $ 199,040 $ 186,572 $ 176,682 $ 10,277 $ 1,459,881 As of December 31, 2021 – Acquired Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 18,802 $ 3,710 $ 1,043 $ 23,922 $ 27 $ 47,504 Special mention — — — — — — Substandard — — — — — — Doubtful — — — — — — Loss — — — — — — Total $ 18,802 $ 3,710 $ 1,043 $ 23,922 $ 27 $ 47,504 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 September 30, 2022, the Company had $6.1 million in originated loans identified as special mention, an increase from $3.0 million at December 31, 2021. Special mention rated loans are loans that have a potential weakness that deserves management’s close attention; however, the borrower continues to pay in accordance with their contract. Loans rated as special mention do not have a specific reserve and are considered well-secured. At September 30, 2022, the Company had $16.2 million in loans identified as substandard, a decrease of $2.8 million from December 31, 2021. The decrease in substandard loans was primarily related to two loans totaling $1.8 million which were sold at a discount. 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. At September 30, 2022, specific reserves on originated and acquired loans totaling $164 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 September 30, 2022 and December 31, 2021: As of September 30, 2022 – Originated Loan Portfolio (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total loans 90 days past due and still accruing Nonaccruals Commercial real estate $ — $ 397 $ 1,830 $ 2,227 $ 1,012,611 $ 1,014,838 $ 127 $ 1,703 Commercial and industrial — 258 1,678 1,936 206,463 208,399 — 1,678 Commercial construction — — — — 150,918 150,918 — — Consumer real estate 544 19 130 693 293,014 293,707 130 — Consumer nonresidential — — 28 28 9,102 9,130 28 — Total $ 544 $ 674 $ 3,666 $ 4,884 $ 1,672,108 $ 1,676,992 $ 285 $ 3,381 As of September 30, 2022 – Acquired Loan Portfolio (In thousands) 30-59 days past due 60-89 days past due 90 or more past due Total past due Current Total loans 90 days past due and still accruing Nonaccruals Commercial real estate $ — $ — $ — $ — $ 15,488 $ 15,488 $ — $ — Commercial and industrial — — — — 2,997 2,997 — — Commercial construction — — — — 579 579 — — Consumer real estate — — — — 19,371 19,371 — — Consumer nonresidential — — — — 24 24 — — Total $ — $ — $ — $ — $ 38,459 $ 38,459 $ — $ — As of December 31, 2021 – Originated Loan Portfolio (In thousands) 30-59 days past due 60-89 days past due 90 or more past due Total past due Current Total loans 90 days past due and still accruing Nonaccruals Commercial real estate $ — $ — $ — $ — $ 887,310 $ 887,310 $ — $ — Commercial and industrial — — 1,678 1,678 197,362 199,040 — 1,678 Commercial construction — — 1,557 1,557 185,015 186,572 — 1,557 Consumer real estate — — 250 250 176,432 176,682 — 250 Consumer nonresidential 14 21 18 53 10,224 10,277 18 — Total $ 14 $ 21 $ 3,503 $ 3,538 $ 1,456,343 $ 1,459,881 $ 18 $ 3,485 As of December 31, 2021 – Acquired Loan Portfolio (In thousands) 30-59 days past due 60-89 days past due 90 or more past due Total past due Current Total loans 90 days past due and still accruing Nonaccruals Commercial real estate $ — $ — $ — $ — $ 18,802 $ 18,802 $ — $ — Commercial and industrial — — — — 3,710 3,710 — — Commercial construction — — — — 1,043 1,043 — — Consumer real estate 234 — 5 239 23,683 23,922 5 — Consumer nonresidential 2 — — 2 25 27 — — Total $ 236 $ — $ 5 $ 241 $ 47,263 $ 47,504 $ 5 $ — There were no consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process as of September 30, 2022 and December 31, 2021, respectively. There were overdrafts of $247 thousand and $58 thousand at September 30, 2022 and December 31, 2021, respectively, which have been reclassified from deposits to loans. At September 30, 2022 and December 31, 2021, loans with a carrying value of $352.1 million and $290.3 million, respectively, were pledged to the Federal Home Loan Bank of Atlanta ("FHLB"). There were no defaults of TDRs during the twelve months since restructuring for the nine months ended September 30, 2022 and 2021. There were no loans designated as TDRs during the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022 and December 31, 2021, the Company had a recorded investment in TDRs of $89 thousand and $92 thousand, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company enters into interest rate swap agreements (swap agreements) to facilitate the risk management strategies needed 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 September 30, 2022 and December 31, 2021. 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 September 30, 2022, the Company had entered into 14 interest rate swap agreements which are collateralized with $30 thousand in cash. There were 19 interest rate swap agreements outstanding as of December 31, 2021 which were collateralized with $6.7 million in cash. The notional amount and fair value of the Company’s derivative financial instruments as of September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 Notional Amount Fair Value (In thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 71,105 $ 4,710 Pay Fixed/Receive Variable Swaps 71,105 (4,710) December 31, 2021 Notional Amount Fair Value (In thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 80,643 $ 6,052 Pay Fixed/Receive Variable Swaps 80,643 (6,052) 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 September 30, 2022 and December 31, 2021, the information pertaining to outstanding interest rate swap agreements used to hedge variability in cash flows (FHLB advances which are included in other borrowed funds on the consolidated balance sheet) and its wholesale deposits (which are included in total deposits on the consolidated balance sheet) was as follows: (Dollars in thousands) September 30, 2022 December 31, 2021 Notional amount $ 145,000 $ 60,000 Weighted average pay rate 2.12% 0.87% Weighted average receive rate 3.45% 0.21% Weighted average maturity in years 3.75 1.10 Unrealized gain (loss) relating to interest rate swaps $ 4,856 $ (77) These agreements provided for the Company to receive payments determined by a specific index (three month LIBOR or three month Secured Overnight Financing Rate ("SOFR")) in exchange for making payments at a fixed rate. At September 30, 2022 and December 31, 2021, the unrealized loss relating to interest rate swaps designated as hedging instruments of the variability of cash flows associated with the interest payments on FHLB advances and wholesale deposits are reported in other comprehensive (loss) 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 September 30, 2022 and December 31, 2021, 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	9 Months Ended
	Sep. 30, 2022
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	Financial Instruments with Off-Balance Sheet Risk 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 September 30, 2022 and December 31, 2021, the following financial instruments were outstanding, which contract amounts represent credit risk: (In thousands) September 30, 2022 December 31, 2021 Commitments to grant loans $ 218,782 $ 90,591 Unused commitments to fund loans and lines of credit 250,418 183,145 Commercial and standby letters of credit 9,356 8,930 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 enters into rate lock commitments to finance residential mortgage loans with its customers. These commitments offer the borrower an interest rate guarantee provided the loan meets underwriting guidelines and closes within the timeframe established by the Company. 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 $15.5 million and $32.8 million at September 30, 2022 and December 31, 2021, respectively.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	9 Months Ended
	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation Plan	Stock-Based Compensation Plan 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 connection with their service to the Company. In May 2022, 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 2,929,296 shares of common stock, subject to adjustment for certain corporate events. Option awards are 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 years contractual terms. At September 30, 2022, 130,322 shares were available to grant under the Plan. No options were granted during the three and nine months ended September 30, 2022 and 2021, respectively. For the nine months ended September 30, 2022, there were 4,772 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 nine months ended September 30, 2021. A summary of option activity under the Plan as of September 30, 2022 and changes during the nine months ended is presented below: Options Number Weighted- Weighted- Aggregate Intrinsic Value (1) Outstanding at January 1, 2022 1,544,893 $ 8.31 2.46 Granted — — Exercised (221,599) 7.15 Forfeited or expired (97) 8.56 Outstanding and Exercisable at September 30, 2022 1,323,197 $ 8.50 2.05 $ 14,113,207 (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 September 30, 2022. This amount changes based on changes in the market value of the Company’s common stock. As of September 30, 2022, all outstanding stock options granted under the Plan are fully vested and amortized. There was $9 thousand in income tax benefit related to stock options exercised and recognized in the income statement for share-based compensation arrangements for the three months ended September 30, 2022. There was no income tax benefit related to stock options exercised and recognized in the income statement for share-based compensation arrangements for the three months ended September 30, 2021. Tax benefits recognized for nonqualified stock options during the nine months ended September 30, 2022 and 2021 totaled $367 thousand and $125 thousand, respectively. Restricted stock units relating to 120,070 shares were granted during the nine months ended September 30, 2022. There were 116,488 restricted stock units granted during the nine months ended September 30, 2021. A summary of the Company’s restricted stock unit grant activity as of September 30, 2022 is shown below. Number of Weighted Average Grant Date Nonvested at January 1, 2022 151,403 $ 17.92 Granted 120,070 18.65 Vested (46,629) 18.16 Forfeited (5,027) 18.23 Balance at September 30, 2022 219,817 $ 18.26 The compensation cost that has been charged to income for the Plan was $348 thousand and $289 thousand for the three months ended September 30, 2022 and 2021, respectively. Total compensation cost for the nine months ended September 30, 2022 and 2021 was $799 thousand and $749 thousand, respectively. As of September 30, 2022, there was $3.5 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 36 months.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements 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 (exit price). 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 : Securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1). If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. Third party vendors compile prices from various sources and may determine the fair value of identical or similar securities by using pricing models that considers observable market data (Level 2). Cash flow hedges: The Company has interest rate swap derivatives that are designated as cash flow hedges and are recorded at fair value using published yield curve rates from a national valuation service. These observable rates and inputs are applied to a third party industry-wide valuation model, and therefore, the valuations fall into a Level 2 category. The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021: Fair Value Measurements at September 30, 2022 Using (In thousands) Balance as of September 30, 2022 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 11,006 $ — $ 11,006 $ — Securities of state and local municipalities tax exempt 1,356 — 1,356 — Securities of state and local municipalities taxable 491 — 491 — Corporate bonds 19,433 — 19,433 — SBA pass-through securities 68 — 68 — Mortgage-backed securities 240,088 — 240,088 — Collateralized mortgage obligations 9,773 — 9,773 — Total Available-for-Sale Securities $ 282,215 $ — $ 282,215 $ — Derivative assets - interest rate swaps 4,710 — 4,710 — Derivative assets - cash flow hedge 4,856 — 4,856 — Liabilities Derivative liabilities - interest rate swaps 4,710 — 4,710 — Derivative liabilities - cash flow hedge — — — — Fair Value Measurements at December 31, 2021 Using (In thousands) Balance as of December 31, 2021 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 13,436 $ — $ 13,436 $ — Securities of state and local municipalities tax exempt 1,451 — 1,451 — Securities of state and local municipalities taxable 596 — 596 — Corporate bonds 14,151 — 14,151 — SBA pass-through securities 108 — 108 — Mortgage-backed securities 313,838 — 313,838 — Collateralized mortgage obligations 14,194 — 14,194 — Total Available-for-Sale Securities $ 357,774 $ — $ 357,774 $ — Derivative assets - interest rate swaps 6,052 — 6,052 — Liabilities Derivative liabilities - interest rate swaps 6,052 — 6,052 — Derivative liabilities - cash flow hedge 77 — 77 — 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 are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected. The measurement of loss associated with impaired loans can be based on either the present value of future cash flows, observable market price of the loan or the fair value of the collateral. Fair value is measured based on the value of the collateral securing the loans. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable. The vast majority of the collateral is real estate. The value of real estate collateral is determined utilizing a market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Company using observable market data (Level 2). However, if the collateral is a house or building in the process of construction, has the value derived by discounting comparable sales due to lack of similar properties, or is discounted by the Company due to marketability, then the fair value is considered Level 3. The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable business’s financial statements if not considered significant using observable market data. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (Level 3). Impaired loans allocated to the allowance for loan losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Consolidated Statements of Income. The following table summarizes the Company’s assets that were measured at fair value on a nonrecurring basis at September 30, 2022 and December 31, 2021: Fair Value Measurements Using (In thousands) Balance as of September 30, 2022 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Impaired loans Commercial real estate $ 1,632 $ — $ — $ 1,632 Commercial and industrial 1,586 — — 1,586 Consumer residential 88 — — 88 Total Impaired loans $ 3,306 $ — $ — $ 3,306 Fair Value Measurements Using (In thousands) Balance as of December 31, 2021 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Impaired loans Commercial and industrial $ 1,497 $ — $ — $ 1,497 Consumer residential 88 — — 88 Total Impaired loans $ 1,585 $ — $ — $ 1,585 The following table displays quantitative information about Level 3 Fair Value Measurements for September 30, 2022 and December 31, 2021: Quantitative information about Level 3 Fair Value Measurements for September 30, 2022 (Dollars In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans Commercial real estate $ 1,632 Discounted appraisal value Marketability/Selling costs 10% - 10% 10.00 % Commercial and industrial 1,586 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % Consumer residential 88 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % Total impaired loans $ 3,306 Discounted appraised value Marketability/Selling costs 8% - 10% 8.99 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2021 (Dollars In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans Commercial and industrial $ 1,497 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % Consumer residential 88 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % Total impaired loans $ 1,585 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % The following presents the carrying amount, fair value and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2022 and December 31, 2021. Fair values for September 30, 2022 and December 31, 2021 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 September 30, 2022, using Carrying Quoted Prices in Active Markets for Identical Assets Significant Significant Unobservable Inputs (In thousands) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 11,820 $ 11,820 $ — $ — Interest-bearing deposits at other institutions 56,522 56,522 — — Securities held-to-maturity 264 — 243 — Securities available-for-sale 282,215 — 282,215 — Restricted stock 9,061 — 9,061 — Loans, net 1,699,160 — — 1,623,176 Bank owned life insurance 55,016 — 55,016 — Accrued interest receivable 8,459 — 8,459 — Financial liabilities: Checking, savings and money market accounts $ 1,585,479 $ — $ 1,585,479 $ — Time deposits 303,805 — 303,733 — Federal funds purchased — — — — FHLB advances 75,000 — 75,000 — Subordinated notes 19,551 — 18,763 — Accrued interest payable 845 — 845 — Fair Value Measurements as of December 31, 2021, using Carrying Quoted Prices in Active Markets for Identical Assets Significant Significant Unobservable Inputs (In thousands) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 24,613 $ 24,613 $ — $ — Interest-bearing deposits at other institutions 216,345 216,345 — — Securities held-to-maturity 264 — 270 — Securities available-for-sale 357,774 — 357,774 — Restricted stock 6,372 — 6,372 — Loans, net 1,490,020 — — 1,493,185 Bank owned life insurance 39,171 — 39,171 — Accrued interest receivable 8,074 — 8,074 — Financial liabilities: Checking, savings and money market accounts $ 1,652,352 $ — $ 1,652,352 $ — Time deposits 231,417 — 232,837 — FHLB advances 25,000 — 25,000 — Subordinated notes 19,510 — 18,133 — Accrued interest payable 1,034 — 1,034 —

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share 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 the potential dilution of stock options and restricted stock units as of September 30, 2022 and 2021 includes only the potential dilution of stock options. 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 no anti-dilutive shares for each of the three and nine month periods ended September 30, 2022 and September 30, 2021. Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2022 2021 2022 2021 Net income $ 7,043 $ 4,682 $ 20,080 $ 15,416 Weighted average number of shares 13,988 13,683 13,930 13,636 Effect of dilutive securities, restricted stock units and options 784 929 855 919 Weighted average diluted shares 14,772 14,612 14,785 14,555 Basic EPS $ 0.50 $ 0.34 $ 1.44 $ 1.13 Diluted EPS $ 0.48 $ 0.32 $ 1.36 $ 1.06

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2022
Statement of Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) ("AOCI") for the three and nine months ended September 30, 2022 and 2021 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 September 30, 2022 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ (29,861) $ 669 $ (29,192) Net unrealized (losses) gains during the period (13,555) 3,167 (10,388) Other comprehensive (loss) income, net of tax (13,555) 3,167 (10,388) Balance, end of period $ (43,416) $ 3,836 $ (39,580) (In thousands) Nine Months Ended September 30, 2022 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ (1,983) $ (60) $ (2,043) Net unrealized (losses) gains during the period (41,433) 3,896 (37,537) Other comprehensive income (loss), net of tax (41,433) 3,896 (37,537) Balance, end of period $ (43,416) $ 3,836 $ (39,580) (In thousands) Three Months Ended September 30, 2021 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ 1,323 $ (382) $ 941 Net unrealized (losses) gains during the period (1,688) 61 (1,627) Other comprehensive (loss) income, net of tax (1,688) 61 (1,627) Balance, end of period $ (365) $ (321) $ (686) (In thousands) Nine Months Ended September 30, 2021 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ 2,421 $ (595) $ 1,826 Net unrealized (losses) gains during the period (2,786) 274 (2,512) Other comprehensive income (loss), net of tax $ (2,786) $ 274 $ (2,512) Balance, end of period $ (365) $ (321) $ (686)

Subordinated Notes

Subordinated Notes	9 Months Ended
	Sep. 30, 2022
Subordinated Borrowings [Abstract]
Subordinated Notes	Subordinated Notes On June 20, 2016, the Company issued $25.0 million of fixed-to-floating rate subordinated notes due June 30, 2026, in a private placement to accredited investors. Interest was payable at 6.00% per annum, from and including June 20, 2016 to, but excluding, June 30, 2021, semi-annually in arrears. From and including June 30, 2021 to the maturity date or early redemption date, the interest rate was to reset quarterly to an interest rate per annum equal to the then current three-month LIBOR rate plus 487 basis points, payable quarterly in arrears. The Company had the option, on any scheduled interest payment date, to 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. In August 2021, the Company provided a redemption notice to each holder of the subordinated notes that the notes would be redeemed on September 30, 2021 or such later date as the holder returned its note to the Company. The Company redeemed and paid $23.8 million of principal during the year ended December 31, 2021. The remaining note holders redeemed their notes with a principal balance of $1.2 million in February 2022. The notes stopped accruing interest effective as of the September 30, 2021 redemption date. On October 13, 2020, the Company completed its private placement of $20.0 million of its 4.875% Fixed to Floating Subordinated Notes due 2030 (the "Notes") to certain qualified institutional buyers and accredited investors. The Notes have a maturity date of October 15, 2030 and carry a fixed rate of interest of 4.875% for the first five years. Thereafter, the Notes will pay interest at 3-month SOFR plus 471 basis points, resetting quarterly. The Notes include a right of prepayment without penalty on or after October 15, 2025. The Notes have been structured to qualify as Tier 2 capital for regulatory purposes.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with ASU 2014-09 ‘‘Revenue from Contracts with Customers’’ (Topic 606) and all subsequent ASUs that modified Topic 606 in recognizing revenue. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain non-interest income streams such as fees associated with mortgage servicing rights, gain on sale of securities, bank-owned life insurance income, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to non-interest 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. Non-interest 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 the Company’s 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 non-interest 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 non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2022 2021 2022 2021 Non-interest Income In-scope of Topic 606 Service Charges on Deposit Accounts $ 241 $ 278 $ 706 $ 768 Fees, Exchange, and Other Service Charges 101 101 282 275 Other income 8 1 97 183 Non-interest Income (in-scope of Topic 606) 350 380 1,085 1,226 Non-interest Income (out-scope of Topic 606) 225 681 1,759 1,311 Total Non-interest Income $ 575 $ 1,061 $ 2,844 $ 2,537 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 non-interest 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 September 30, 2022 and 2021, the Company did not have any significant contract balances. Contract Acquisition Costs Under 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 year or less. The Company did not capitalize any contract acquisition cost during the nine months ended September 30, 2022 or 2021.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Below is additional information regarding the Company’s cash flows for the nine months ended September 30, 2022 and 2021. For the Nine Months Ended September 30, (In thousands) 2022 2021 Supplemental Disclosure of Cash Flow Information: Cash paid for: Interest on deposits and borrowed funds $ 8,158 $ 7,733 Income taxes 6,283 3,846 Noncash investing and financing activities: Unrealized loss on securities available-for-sale (52,447) (3,483) Unrealized gain on interest rate swaps 4,932 347 Transfer of called subordinated notes to other liabilities — 14,500 Right-of-use assets obtained in the exchange for lease liabilities during the current period 522 — Modification of existing right-of-use assets and lease liability 304 —

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("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 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, 2021. Certain prior period amounts have been reclassified to conform to current period presentation.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company. All material intercompany balances and transactions have been eliminated in consolidation.
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, determined its allowance methodology, is running the model parallel to the Company’s incurred loss model, and is subjecting the model to validation for the quarter ended September 30, 2022. The Company plans to disclose the impact of ASU 2016-13 on its consolidated financial statements as of December 31, 2022, prior to adoption, which will occur January 1, 2023. 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 March 2020, the FASB issued ASU 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 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. Subsequently, in January 2021, the FASB issued ASU 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. 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. In August 2020, the FASB issued ASU No. 2020-06 “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share ("EPS") calculation in certain areas. In addition, the amendment updates the disclosure requirements for convertible instruments to increase the information transparency. For public business entities, excluding smaller reporting companies, the amendments in the ASU are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. For all other entities, the standard will be effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-06 to have a material impact on its consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 addresses areas identified by the FASB as part of its post-implementation review of the credit losses standard (ASU 2016-13) that introduced the current expected credit losses ("CECL") model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this ASU should be applied prospectively, except for the transition method related to the recognition and measurement of troubled debt restructurings ("TDRs"), an entity has the option to apply a modified retrospective transition method, resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. For entities that have adopted ASU 2016-13, ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. For entities that have not yet adopted ASU 2016-13, the effective dates for ASU 2022-02 are the same as the effective dates in ASU 2016-13. Early adoption is permitted if an entity has adopted ASU 2016-13. An entity may elect to early adopt the amendments about TDRs and related disclosure enhancements separately from the amendments related to vintage disclosures. The Company is currently assessing the impact that ASU 2022-02 will have on its consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-01, “Derivatives and Hedging (Topic 815), Fair Value Hedging—Portfolio Layer Method.” ASU 2022-01 clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and is intended to better align hedge accounting with an organization’s risk management strategies. In 2017, FASB issued ASU 2017-12 to better align the economic results of risk management activities with hedge accounting. One of the major provisions of that standard was the addition of the last-of-layer hedging method. For a closed portfolio of fixed-rate prepayable financial assets or one or more beneficial interests secured by a portfolio of prepayable financial instruments, such as mortgages or mortgage-backed securities, the last-of-layer method allows an entity to hedge its exposure to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults, and other events affecting the timing and amount of cash flows. ASU 2022-01 renames that method the portfolio layer method. For public business entities, ASU 2022-01 is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company does not expect the adoption of ASU 2022-01 to have a material impact on its consolidated financial statements. In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” ASU 2022-03 clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company does not expect the adoption of ASU 2022-03 to have a material impact on its consolidated financial statements.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair values of securities held-to-maturity and securities available-for-sale	Amortized cost and fair values of securities held-to-maturity and securities available-for-sale as of September 30, 2022 and December 31, 2021, are as follows: September 30, 2022 (In thousands) Amortized Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ — $ (21) $ 243 Total Held-to-maturity Securities $ 264 $ — $ (21) $ 243 Available-for-sale Securities of U.S. government and federal agencies $ 13,558 $ — $ (2,552) $ 11,006 Securities of state and local municipalities tax exempt 1,387 — (31) 1,356 Securities of state and local municipalities taxable 519 — (28) 491 Corporate bonds 21,214 — (1,781) 19,433 SBA pass-through securities 75 — (7) 68 Mortgage-backed securities 289,417 — (49,329) 240,088 Collateralized mortgage obligations 11,057 — (1,284) 9,773 Total Available-for-sale Securities $ 337,227 $ — $ (55,012) $ 282,215 December 31, 2021 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ 6 $ — $ 270 Total Held-to-maturity Securities $ 264 $ 6 $ — $ 270 Available-for-sale Securities of U.S. government and federal agencies $ 13,719 $ — $ (283) $ 13,436 Securities of state and local municipalities tax exempt 1,393 58 — 1,451 Securities of state and local municipalities taxable 607 — (11) 596 Corporate bonds 13,970 259 (78) 14,151 SBA pass-through securities 107 1 — 108 Mortgage-backed securities 316,313 1,352 (3,827) 313,838 Collateralized mortgage obligations 14,230 113 (149) 14,194 Total Available-for-sale Securities $ 360,339 $ 1,783 $ (4,348) $ 357,774
Schedule of available-for-sale securities that have been in a continuous unrealized loss position	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) At September 30, 2022 Fair Value Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses Securities of U.S. government and federal agencies $ — $ — $ 11,006 $ (2,552) $ 11,006 $ (2,552) Securities of state and local municipalities tax exempt 1,599 (52) — — 1,599 (52) Securities of state and local municipalities taxable — — 491 (28) 491 (28) Corporate bonds 14,968 (1,497) 2,715 (284) 17,683 (1,781) SBA pass-through securities 68 (7) — — 68 (7) Mortgage-backed securities 106,032 (18,884) 134,056 (30,445) 240,088 (49,329) Collateralized mortgage obligations 6,803 (571) 2,970 (713) 9,773 (1,284) Total $ 129,470 $ (21,011) $ 151,238 $ (34,022) $ 280,708 $ (55,033) (In thousands) Less Than 12 Months 12 Months or Longer Total At December 31, 2021 Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses Securities of U.S. government and federal agencies $ 13,275 $ (283) $ — $ — $ 13,275 $ (283) Securities of state and local municipalities taxable 595 (11) — — 595 (11) Corporate bonds 3,922 (78) — — 3,922 (78) Mortgage-backed securities 216,278 (3,175) 19,225 (652) 235,503 (3,827) Collateralized mortgage obligations 3,362 (82) 1,814 (67) 5,176 (149) Total $ 237,432 $ (3,629) $ 21,039 $ (719) $ 258,471 $ (4,348)
Schedule of amortized cost and fair value of held-to-maturity securities and available-for-sale securities by contractual maturity	The amortized cost and fair value of securities as of September 30, 2022, 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. September 30, 2022 Held-to-maturity Available-for-sale (In thousands) Amortized Cost Fair Value Amortized Cost Fair Value After 1 year through 5 years $ 264 $ 243 $ 3,726 $ 3,611 After 5 years through 10 years — — 48,957 43,588 After 10 years — — 284,544 235,016 Total $ 264 $ 243 $ 337,227 $ 282,215

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of loan balances	A summary of loan balances by type follows: September 30, 2022 December 31, 2021 (In thousands) Originated Acquired Total Originated Acquired Total Commercial real estate $ 1,014,838 $ 15,488 $ 1,030,326 $ 887,310 $ 18,802 $ 906,112 Commercial and industrial 208,399 2,997 211,396 199,040 3,710 202,750 Commercial construction 150,918 579 151,497 186,572 1,043 187,615 Consumer real estate 293,707 19,371 313,078 176,682 23,922 200,604 Consumer nonresidential 9,130 24 9,154 10,277 27 10,304 $ 1,676,992 $ 38,459 $ 1,715,451 $ 1,459,881 $ 47,504 $ 1,507,385 Less: Allowance for loan losses 15,313 — 15,313 13,829 — 13,829 Unearned income and (unamortized premiums), net 978 — 978 3,536 — 3,536 Loans, net $ 1,660,701 $ 38,459 $ 1,699,160 $ 1,442,516 $ 47,504 $ 1,490,020
Schedule of 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 September 30, 2022 and December 31, 2021 are as follows: (In thousands) September 30, 2022 Purchased credit impaired acquired loans evaluated individually for credit losses Outstanding principal balance $ 168 Carrying amount — Other acquired loans Outstanding principal balance 38,909 Carrying amount 38,459 Total acquired loans Outstanding principal balance 39,077 Carrying amount 38,459 (In thousands) December 31, 2021 Purchased credit impaired acquired loans evaluated individually for credit losses Outstanding principal balance $ 207 Carrying amount — Other acquired loans Outstanding principal balance 48,049 Carrying amount 47,504 Total acquired loans Outstanding principal balance 48,256 Carrying amount 47,504
Schedule of accretable yield on purchased credit impaired loans	The following table presents changes during the nine months ended September 30, 2022 and the year ended December 31, 2021, respectively, in the accretable yield on purchased credit impaired loans for which the Company applies ASC 310-30. (In thousands) Balance at January 1, 2022 $ 3 Accretion (33) Reclassification of nonaccretable difference due to changes in expected cash flows 23 Other changes, net 7 Balance at September 30, 2022 $ — (In thousands) Balance at January 1, 2021 $ 216 Accretion (217) Reclassification of nonaccretable difference due to changes in expected cash flows 54 Other changes, net (50) Balance at December 31, 2021 $ 3
Schedule of allowance for loan losses	An analysis of the allowance for loan losses for the Three and Nine months ended September 30, 2022 and 2021, and for the year ended December 31, 2021, follows: Allowance for Loan Losses For the Three Months Ended September 30, 2022 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, July 1 $ 10,067 $ 2,256 $ 1,765 $ 728 $ 141 $ 14,957 Charge-offs — — — — (28) (28) Recoveries — — — — 19 19 Provision 362 (124) (165) 310 (18) 365 Ending Balance $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Allowance for Loan Losses For the Nine Months Ended September 30, 2022 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, January 1 $ 8,995 $ 1,827 $ 2,009 $ 781 $ 217 $ 13,829 Charge-offs — (396) — — (82) (478) Recoveries — — — 1 61 62 Provision 1,434 701 (409) 256 (82) 1,900 Ending Balance $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Allowance for Loan Losses For the Three Months Ended September 30, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, July 1 $ 8,969 $ 2,032 $ 2,360 $ 673 $ 325 $ 14,359 Charge-offs (24) — — — (24) (48) Recoveries — — — 31 21 52 Provision 569 (410) (135) 27 (51) — Ending Balance $ 9,514 $ 1,622 $ 2,225 $ 731 $ 271 $ 14,363 Allowance for Loan Losses For the Nine Months Ended September 30, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, January 1 $ 9,291 $ 2,546 $ 1,960 $ 690 $ 471 $ 14,958 Charge-offs (476) (117) — — (201) (794) Recoveries 24 — — 35 140 199 Provision 675 (807) 265 6 (139) — Ending Balance $ 9,514 $ 1,622 $ 2,225 $ 731 $ 271 $ 14,363 Allowance for Loan Losses For the Year Ended December 31, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, January 1 $ 9,291 $ 2,546 $ 1,960 $ 690 $ 471 $ 14,958 Charge-offs (477) (117) — — (255) (849) Recoveries 24 — — 35 161 220 Provision 157 (602) 49 56 (160) (500) Ending Balance $ 8,995 $ 1,827 $ 2,009 $ 781 $ 217 $ 13,829
Schedule of recorded investment in loans and impairment by portfolio segment	The following tables present the recorded investment in loans and impairment method as of September 30, 2022 and 2021, and at December 31, 2021, by portfolio segment: Allowance for Loan Losses At September 30, 2022 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Ending Balance Individually evaluated for impairment $ 71 $ 92 $ — $ 1 $ — $ 164 Purchased credit impaired — — — — — — Collectively evaluated for impairment 10,358 2,040 1,600 1,037 114 15,149 $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Loans Receivable At September 30, 2022 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Financing receivables: Ending Balance Individually evaluated for impairment $ 11,357 $ 4,753 $ — $ 89 $ — $ 16,199 Purchased credit impaired — — — — — — Collectively evaluated for impairment 1,018,969 206,643 151,497 312,989 9,154 1,699,252 $ 1,030,326 $ 211,396 $ 151,497 $ 313,078 $ 9,154 $ 1,715,451 Allowance for Loan Losses At September 30, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Ending Balance Individually evaluated for impairment $ 701 $ 270 $ — $ 22 $ — $ 993 Purchased credit impaired — — — — — — Collectively evaluated for impairment 8,813 1,352 2,225 709 271 13,370 $ 9,514 $ 1,622 $ 2,225 $ 731 $ 271 $ 14,363 Loans Receivable At September 30, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Financing receivables: Ending Balance Individually evaluated for impairment $ 11,928 $ 5,230 $ 1,596 $ 414 $ — $ 19,168 Purchased credit impaired — — — — — — Collectively evaluated for impairment 858,539 216,851 204,997 165,683 8,245 1,454,315 $ 870,467 $ 222,081 $ 206,593 $ 166,097 $ 8,245 $ 1,473,483 Allowance for Loan Losses At December 31, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Ending Balance Individually evaluated for impairment $ — $ 181 $ — $ 5 $ — $ 186 Purchased credit impaired — — — — — — Collectively evaluated for impairment 8,995 1,646 2,009 776 217 13,643 $ 8,995 $ 1,827 $ 2,009 $ 781 $ 217 $ 13,829 Loans Receivable At December 31, 2021 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Financing receivables: Ending Balance Individually evaluated for impairment $ 11,915 $ 5,214 $ 1,557 $ 343 $ — $ 19,029 Purchased credit impaired — — — — — — Collectively evaluated for impairment 894,197 197,536 186,058 200,261 10,304 1,488,356 $ 906,112 $ 202,750 $ 187,615 $ 200,604 $ 10,304 $ 1,507,385
Schedule of impaired loans	Impaired loans by class excluding purchased credit impaired, at September 30, 2022 and December 31, 2021, are summarized as follows: Impaired Loans – Originated Loan Portfolio (In thousands) Recorded Investment Unpaid Related Average Interest September 30, 2022 With an allowance recorded: Commercial real estate $ 1,703 $ 1,703 $ 71 $ 1,704 $ 98 Commercial and industrial 1,678 1,688 92 1,688 78 Commercial construction — — — — — Consumer real estate 89 89 1 91 4 Consumer nonresidential — — — — — $ 3,470 $ 3,480 $ 164 $ 3,483 $ 180 September 30, 2022 With no related allowance: Commercial real estate $ 9,654 $ 9,654 $ — $ 9,654 $ 357 Commercial and industrial 3,075 3,075 — 3,124 152 Commercial construction — — — — — Consumer real estate — — — — — Consumer nonresidential — — — — — $ 12,729 $ 12,729 $ — $ 12,778 $ 509 Impaired Loans – Originated Loan Portfolio (In thousands) Recorded Investment Unpaid Related Average Interest December 31, 2021 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,678 1,688 181 1,711 95 Commercial construction — — — — — Consumer real estate 93 93 5 95 7 Consumer nonresidential — — — — — $ 1,771 $ 1,781 $ 186 $ 1,806 $ 102 December 31, 2021 With no related allowance: Commercial real estate $ 11,915 $ 11,915 $ — $ 11,947 $ 581 Commercial and industrial 3,536 3,536 — 3,660 238 Commercial construction 1,557 1,596 — 1,597 174 Consumer real estate 250 250 — 250 28 Consumer nonresidential — — — — — $ 17,258 $ 17,297 $ — $ 17,454 $ 1,021
Schedule of risk category of loans	Based on the most recent analysis performed, the risk category of loans by class of loans was as follows as of September 30, 2022 and December 31, 2021: As of September 30, 2022 – Originated Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 997,848 $ 203,246 $ 150,918 $ 293,555 $ 9,130 $ 1,654,697 Special mention 5,633 400 — 63 — 6,096 Substandard 11,357 4,753 — 89 — 16,199 Doubtful — — — — — — Loss — — — — — — Total $ 1,014,838 $ 208,399 $ 150,918 $ 293,707 $ 9,130 $ 1,676,992 As of September 30, 2022 – Acquired Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 14,022 $ 2,997 $ 579 $ 19,371 $ 24 $ 36,993 Special mention 1,466 — — — — 1,466 Substandard — — — — — — Doubtful — — — — — — Loss — — — — — — Total $ 15,488 $ 2,997 $ 579 $ 19,371 $ 24 $ 38,459 As of December 31, 2021 – Originated Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 875,395 $ 193,426 $ 182,497 $ 176,271 $ 10,277 $ 1,437,866 Special mention — 400 2,518 68 — 2,986 Substandard 11,915 5,214 1,557 343 — 19,029 Doubtful — — — — — — Loss — — — — — — Total $ 887,310 $ 199,040 $ 186,572 $ 176,682 $ 10,277 $ 1,459,881 As of December 31, 2021 – Acquired Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 18,802 $ 3,710 $ 1,043 $ 23,922 $ 27 $ 47,504 Special mention — — — — — — Substandard — — — — — — Doubtful — — — — — — Loss — — — — — — Total $ 18,802 $ 3,710 $ 1,043 $ 23,922 $ 27 $ 47,504
Schedule of past due and nonaccrual loans	Past due and nonaccrual loans presented by loan class were as follows at September 30, 2022 and December 31, 2021: As of September 30, 2022 – Originated Loan Portfolio (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total loans 90 days past due and still accruing Nonaccruals Commercial real estate $ — $ 397 $ 1,830 $ 2,227 $ 1,012,611 $ 1,014,838 $ 127 $ 1,703 Commercial and industrial — 258 1,678 1,936 206,463 208,399 — 1,678 Commercial construction — — — — 150,918 150,918 — — Consumer real estate 544 19 130 693 293,014 293,707 130 — Consumer nonresidential — — 28 28 9,102 9,130 28 — Total $ 544 $ 674 $ 3,666 $ 4,884 $ 1,672,108 $ 1,676,992 $ 285 $ 3,381 As of September 30, 2022 – Acquired Loan Portfolio (In thousands) 30-59 days past due 60-89 days past due 90 or more past due Total past due Current Total loans 90 days past due and still accruing Nonaccruals Commercial real estate $ — $ — $ — $ — $ 15,488 $ 15,488 $ — $ — Commercial and industrial — — — — 2,997 2,997 — — Commercial construction — — — — 579 579 — — Consumer real estate — — — — 19,371 19,371 — — Consumer nonresidential — — — — 24 24 — — Total $ — $ — $ — $ — $ 38,459 $ 38,459 $ — $ — As of December 31, 2021 – Originated Loan Portfolio (In thousands) 30-59 days past due 60-89 days past due 90 or more past due Total past due Current Total loans 90 days past due and still accruing Nonaccruals Commercial real estate $ — $ — $ — $ — $ 887,310 $ 887,310 $ — $ — Commercial and industrial — — 1,678 1,678 197,362 199,040 — 1,678 Commercial construction — — 1,557 1,557 185,015 186,572 — 1,557 Consumer real estate — — 250 250 176,432 176,682 — 250 Consumer nonresidential 14 21 18 53 10,224 10,277 18 — Total $ 14 $ 21 $ 3,503 $ 3,538 $ 1,456,343 $ 1,459,881 $ 18 $ 3,485 As of December 31, 2021 – Acquired Loan Portfolio (In thousands) 30-59 days past due 60-89 days past due 90 or more past due Total past due Current Total loans 90 days past due and still accruing Nonaccruals Commercial real estate $ — $ — $ — $ — $ 18,802 $ 18,802 $ — $ — Commercial and industrial — — — — 3,710 3,710 — — Commercial construction — — — — 1,043 1,043 — — Consumer real estate 234 — 5 239 23,683 23,922 5 — Consumer nonresidential 2 — — 2 25 27 — — Total $ 236 $ — $ 5 $ 241 $ 47,263 $ 47,504 $ 5 $ —

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amount and fair value of derivative financial instruments	The notional amount and fair value of the Company’s derivative financial instruments as of September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 Notional Amount Fair Value (In thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 71,105 $ 4,710 Pay Fixed/Receive Variable Swaps 71,105 (4,710) December 31, 2021 Notional Amount Fair Value (In thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 80,643 $ 6,052 Pay Fixed/Receive Variable Swaps 80,643 (6,052) (Dollars in thousands) September 30, 2022 December 31, 2021 Notional amount $ 145,000 $ 60,000 Weighted average pay rate 2.12% 0.87% Weighted average receive rate 3.45% 0.21% Weighted average maturity in years 3.75 1.10 Unrealized gain (loss) relating to interest rate swaps $ 4,856 $ (77)

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	9 Months Ended
	Sep. 30, 2022
Financial Instruments with Off-Balance Sheet Risk
Schedule of financial instruments outstanding which contract amounts represent credit risk	At September 30, 2022 and December 31, 2021, the following financial instruments were outstanding, which contract amounts represent credit risk: (In thousands) September 30, 2022 December 31, 2021 Commitments to grant loans $ 218,782 $ 90,591 Unused commitments to fund loans and lines of credit 250,418 183,145 Commercial and standby letters of credit 9,356 8,930

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	9 Months Ended
	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Schedule of option activity	A summary of option activity under the Plan as of September 30, 2022 and changes during the nine months ended is presented below: Options Number Weighted- Weighted- Aggregate Intrinsic Value (1) Outstanding at January 1, 2022 1,544,893 $ 8.31 2.46 Granted — — Exercised (221,599) 7.15 Forfeited or expired (97) 8.56 Outstanding and Exercisable at September 30, 2022 1,323,197 $ 8.50 2.05 $ 14,113,207 (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 September 30, 2022. This amount changes based on changes in the market value of the Company’s common stock.
Schedule of restricted stock grant activity	A summary of the Company’s restricted stock unit grant activity as of September 30, 2022 is shown below. Number of Weighted Average Grant Date Nonvested at January 1, 2022 151,403 $ 17.92 Granted 120,070 18.65 Vested (46,629) 18.16 Forfeited (5,027) 18.23 Balance at September 30, 2022 219,817 $ 18.26

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities measured at fair value on a recurring basis	The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021: Fair Value Measurements at September 30, 2022 Using (In thousands) Balance as of September 30, 2022 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 11,006 $ — $ 11,006 $ — Securities of state and local municipalities tax exempt 1,356 — 1,356 — Securities of state and local municipalities taxable 491 — 491 — Corporate bonds 19,433 — 19,433 — SBA pass-through securities 68 — 68 — Mortgage-backed securities 240,088 — 240,088 — Collateralized mortgage obligations 9,773 — 9,773 — Total Available-for-Sale Securities $ 282,215 $ — $ 282,215 $ — Derivative assets - interest rate swaps 4,710 — 4,710 — Derivative assets - cash flow hedge 4,856 — 4,856 — Liabilities Derivative liabilities - interest rate swaps 4,710 — 4,710 — Derivative liabilities - cash flow hedge — — — — Fair Value Measurements at December 31, 2021 Using (In thousands) Balance as of December 31, 2021 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 13,436 $ — $ 13,436 $ — Securities of state and local municipalities tax exempt 1,451 — 1,451 — Securities of state and local municipalities taxable 596 — 596 — Corporate bonds 14,151 — 14,151 — SBA pass-through securities 108 — 108 — Mortgage-backed securities 313,838 — 313,838 — Collateralized mortgage obligations 14,194 — 14,194 — Total Available-for-Sale Securities $ 357,774 $ — $ 357,774 $ — Derivative assets - interest rate swaps 6,052 — 6,052 — Liabilities Derivative liabilities - interest rate swaps 6,052 — 6,052 — Derivative liabilities - cash flow hedge 77 — 77 —
Schedule of the Company's assets that were measured at fair value on a nonrecurring basis	The following table summarizes the Company’s assets that were measured at fair value on a nonrecurring basis at September 30, 2022 and December 31, 2021: Fair Value Measurements Using (In thousands) Balance as of September 30, 2022 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Impaired loans Commercial real estate $ 1,632 $ — $ — $ 1,632 Commercial and industrial 1,586 — — 1,586 Consumer residential 88 — — 88 Total Impaired loans $ 3,306 $ — $ — $ 3,306 Fair Value Measurements Using (In thousands) Balance as of December 31, 2021 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Impaired loans Commercial and industrial $ 1,497 $ — $ — $ 1,497 Consumer residential 88 — — 88 Total Impaired loans $ 1,585 $ — $ — $ 1,585
Schedule of quantitative information about Level 3 Fair Value Measurements	The following table displays quantitative information about Level 3 Fair Value Measurements for September 30, 2022 and December 31, 2021: Quantitative information about Level 3 Fair Value Measurements for September 30, 2022 (Dollars In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans Commercial real estate $ 1,632 Discounted appraisal value Marketability/Selling costs 10% - 10% 10.00 % Commercial and industrial 1,586 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % Consumer residential 88 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % Total impaired loans $ 3,306 Discounted appraised value Marketability/Selling costs 8% - 10% 8.99 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2021 (Dollars In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans Commercial and industrial $ 1,497 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % Consumer residential 88 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 % Total impaired loans $ 1,585 Discounted appraised value Marketability/Selling costs 8% - 8% 8.00 %
Schedule of carrying amount, fair value and placement in the fair value hierarchy of the Company's financial instruments	The following presents the carrying amount, fair value and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2022 and December 31, 2021. Fair values for September 30, 2022 and December 31, 2021 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 September 30, 2022, using Carrying Quoted Prices in Active Markets for Identical Assets Significant Significant Unobservable Inputs (In thousands) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 11,820 $ 11,820 $ — $ — Interest-bearing deposits at other institutions 56,522 56,522 — — Securities held-to-maturity 264 — 243 — Securities available-for-sale 282,215 — 282,215 — Restricted stock 9,061 — 9,061 — Loans, net 1,699,160 — — 1,623,176 Bank owned life insurance 55,016 — 55,016 — Accrued interest receivable 8,459 — 8,459 — Financial liabilities: Checking, savings and money market accounts $ 1,585,479 $ — $ 1,585,479 $ — Time deposits 303,805 — 303,733 — Federal funds purchased — — — — FHLB advances 75,000 — 75,000 — Subordinated notes 19,551 — 18,763 — Accrued interest payable 845 — 845 — Fair Value Measurements as of December 31, 2021, using Carrying Quoted Prices in Active Markets for Identical Assets Significant Significant Unobservable Inputs (In thousands) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 24,613 $ 24,613 $ — $ — Interest-bearing deposits at other institutions 216,345 216,345 — — Securities held-to-maturity 264 — 270 — Securities available-for-sale 357,774 — 357,774 — Restricted stock 6,372 — 6,372 — Loans, net 1,490,020 — — 1,493,185 Bank owned life insurance 39,171 — 39,171 — Accrued interest receivable 8,074 — 8,074 — Financial liabilities: Checking, savings and money market accounts $ 1,652,352 $ — $ 1,652,352 $ — Time deposits 231,417 — 232,837 — FHLB advances 25,000 — 25,000 — Subordinated notes 19,510 — 18,133 — Accrued interest payable 1,034 — 1,034 —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of earning per share	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 no anti-dilutive shares for each of the three and nine month periods ended September 30, 2022 and September 30, 2021. Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2022 2021 2022 2021 Net income $ 7,043 $ 4,682 $ 20,080 $ 15,416 Weighted average number of shares 13,988 13,683 13,930 13,636 Effect of dilutive securities, restricted stock units and options 784 929 855 919 Weighted average diluted shares 14,772 14,612 14,785 14,555 Basic EPS $ 0.50 $ 0.34 $ 1.44 $ 1.13 Diluted EPS $ 0.48 $ 0.32 $ 1.36 $ 1.06

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2022
Statement of Other Comprehensive Income [Abstract]
Schedule of changes in accumulated other comprehensive income (loss) (AOCI)	Changes in accumulated other comprehensive income (loss) ("AOCI") for the three and nine months ended September 30, 2022 and 2021 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 September 30, 2022 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ (29,861) $ 669 $ (29,192) Net unrealized (losses) gains during the period (13,555) 3,167 (10,388) Other comprehensive (loss) income, net of tax (13,555) 3,167 (10,388) Balance, end of period $ (43,416) $ 3,836 $ (39,580) (In thousands) Nine Months Ended September 30, 2022 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ (1,983) $ (60) $ (2,043) Net unrealized (losses) gains during the period (41,433) 3,896 (37,537) Other comprehensive income (loss), net of tax (41,433) 3,896 (37,537) Balance, end of period $ (43,416) $ 3,836 $ (39,580) (In thousands) Three Months Ended September 30, 2021 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ 1,323 $ (382) $ 941 Net unrealized (losses) gains during the period (1,688) 61 (1,627) Other comprehensive (loss) income, net of tax (1,688) 61 (1,627) Balance, end of period $ (365) $ (321) $ (686) (In thousands) Nine Months Ended September 30, 2021 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ 2,421 $ (595) $ 1,826 Net unrealized (losses) gains during the period (2,786) 274 (2,512) Other comprehensive income (loss), net of tax $ (2,786) $ 274 $ (2,512) Balance, end of period $ (365) $ (321) $ (686)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of noninterest income	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2022 2021 2022 2021 Non-interest Income In-scope of Topic 606 Service Charges on Deposit Accounts $ 241 $ 278 $ 706 $ 768 Fees, Exchange, and Other Service Charges 101 101 282 275 Other income 8 1 97 183 Non-interest Income (in-scope of Topic 606) 350 380 1,085 1,226 Non-interest Income (out-scope of Topic 606) 225 681 1,759 1,311 Total Non-interest Income $ 575 $ 1,061 $ 2,844 $ 2,537

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Information [Abstract]
Schedule of supplemental cash flow information	Below is additional information regarding the Company’s cash flows for the nine months ended September 30, 2022 and 2021. For the Nine Months Ended September 30, (In thousands) 2022 2021 Supplemental Disclosure of Cash Flow Information: Cash paid for: Interest on deposits and borrowed funds $ 8,158 $ 7,733 Income taxes 6,283 3,846 Noncash investing and financing activities: Unrealized loss on securities available-for-sale (52,447) (3,483) Unrealized gain on interest rate swaps 4,932 347 Transfer of called subordinated notes to other liabilities — 14,500 Right-of-use assets obtained in the exchange for lease liabilities during the current period 522 — Modification of existing right-of-use assets and lease liability 304 —

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Details) $ in Millions	1 Months Ended
	Aug. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Earn back option period	3 years
Atlantic Coast Mortgage, LLC
Schedule of Equity Method Investments [Line Items]
Investment amount	$ 20.4
Ownership percentage	28.70%
Earn back percentage	3.70%

Securities (Details)

Securities (Details) $ in Thousands	Sep. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Held-to-maturity
Total	$ 264	$ 264	[1]
Gross Unrealized Gains	0	6
Gross Unrealized (Losses)	(21)	0
Fair Value	243	270
Available-for-sale
Total	337,227	360,339
Gross Unrealized Gains	0	1,783
Gross Unrealized (Losses)	(55,012)	(4,348)
Fair Value	$ 282,215	357,774	[1]
Number of securities held with book value and fair value equal | security	2
Securities of state and local municipalities tax exempt
Held-to-maturity
Total	$ 264	264
Gross Unrealized Gains	0	6
Gross Unrealized (Losses)	(21)	0
Fair Value	243	270
Available-for-sale
Total	1,387	1,393
Gross Unrealized Gains	0	58
Gross Unrealized (Losses)	(31)	0
Fair Value	1,356	1,451
Securities of U.S. government and federal agencies
Available-for-sale
Total	13,558	13,719
Gross Unrealized Gains	0	0
Gross Unrealized (Losses)	(2,552)	(283)
Fair Value	11,006	13,436
Securities of state and local municipalities taxable
Available-for-sale
Total	519	607
Gross Unrealized Gains	0	0
Gross Unrealized (Losses)	(28)	(11)
Fair Value	491	596
Corporate bonds
Available-for-sale
Total	21,214	13,970
Gross Unrealized Gains	0	259
Gross Unrealized (Losses)	(1,781)	(78)
Fair Value	19,433	14,151
SBA pass-through securities
Available-for-sale
Total	75	107
Gross Unrealized Gains	0	1
Gross Unrealized (Losses)	(7)	0
Fair Value	68	108
Mortgage-backed securities
Available-for-sale
Total	289,417	316,313
Gross Unrealized Gains	0	1,352
Gross Unrealized (Losses)	(49,329)	(3,827)
Fair Value	240,088	313,838
Collateralized mortgage obligations
Available-for-sale
Total	11,057	14,230
Gross Unrealized Gains	0	113
Gross Unrealized (Losses)	(1,284)	(149)
Fair Value	9,773	14,194
Federal Reserve Bank | Asset Pledged as Collateral
Available-for-sale
Pledged securities	4,200	5,800
Virginia Department Of Treasury | Asset Pledged as Collateral
Available-for-sale
Pledged securities	$ 106,300	$ 79,700
[1]Derived from audited consolidated financial statements.

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	$ 129,470	$ 237,432
Fair Value, 12 Months or Longer	151,238	21,039
Fair Value, Total	280,708	258,471
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(21,011)	(3,629)
Unrealized Losses, 12 Months or Longer	(34,022)	(719)
Unrealized Losses, Total	(55,033)	(4,348)
Securities of U.S. government and federal agencies
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	0	13,275
Fair Value, 12 Months or Longer	11,006	0
Fair Value, Total	11,006	13,275
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	(283)
Unrealized Losses, 12 Months or Longer	(2,552)	0
Unrealized Losses, Total	(2,552)	(283)
Securities of state and local municipalities tax exempt
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	1,599
Fair Value, 12 Months or Longer	0
Fair Value, Total	1,599
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(52)
Unrealized Losses, 12 Months or Longer	0
Unrealized Losses, Total	(52)
Securities of state and local municipalities taxable
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	0	595
Fair Value, 12 Months or Longer	491	0
Fair Value, Total	491	595
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	(11)
Unrealized Losses, 12 Months or Longer	(28)	0
Unrealized Losses, Total	(28)	(11)
Corporate bonds
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	14,968	3,922
Fair Value, 12 Months or Longer	2,715	0
Fair Value, Total	17,683	3,922
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(1,497)	(78)
Unrealized Losses, 12 Months or Longer	(284)	0
Unrealized Losses, Total	(1,781)	(78)
SBA pass-through securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	68
Fair Value, 12 Months or Longer	0
Fair Value, Total	68
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(7)
Unrealized Losses, 12 Months or Longer	0
Unrealized Losses, Total	(7)
Mortgage-backed securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	106,032	216,278
Fair Value, 12 Months or Longer	134,056	19,225
Fair Value, Total	240,088	235,503
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(18,884)	(3,175)
Unrealized Losses, 12 Months or Longer	(30,445)	(652)
Unrealized Losses, Total	(49,329)	(3,827)
Collateralized mortgage obligations
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	6,803	3,362
Fair Value, 12 Months or Longer	2,970	1,814
Fair Value, Total	9,773	5,176
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(571)	(82)
Unrealized Losses, 12 Months or Longer	(713)	(67)
Unrealized Losses, Total	$ (1,284)	$ (149)

Securities - Continuous Unrea_2

Securities - Continuous Unrealized Loss Position - Additional information (Details)	9 Months Ended
	Sep. 30, 2022 security
Securities of U.S. government and federal agencies
Debt Securities, Available-for-sale
Number of investment securities	3
Securities of state and local municipalities tax exempt
Debt Securities, Available-for-sale
Number of investment securities	3
Securities of state and local municipalities taxable
Debt Securities, Available-for-sale
Number of investment securities	1
Corporate bonds | BBB+
Debt Securities, Available-for-sale
Number of investment securities	1
Corporate bonds | BBB-
Debt Securities, Available-for-sale
Number of investment securities	1
Corporate bonds | No rating
Debt Securities, Available-for-sale
Number of investment securities	14
SBA pass-through securities
Debt Securities, Available-for-sale
Number of investment securities	1
Mortgage-backed securities
Debt Securities, Available-for-sale
Number of investment securities	106
Collateralized mortgage obligations
Debt Securities, Available-for-sale
Number of investment securities	30

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Held-to-maturity, Amortized Cost
After 1 year through 5 years	$ 264
After 5 years through 10 years	0
After 10 years	0
Total	264	$ 264	[1]
Held-to-maturity, Fair Value
After 1 year through 5 years	243
After 5 years through 10 years	0
After 10 years	0
Total	243	270
Available-for-sale, Amortized Cost
After 1 year through 5 years	3,726
After 5 years through 10 years	48,957
After 10 years	284,544
Total	337,227
Available-for-sale, Fair Value
After 1 year through 5 years	3,611
After 5 years through 10 years	43,588
After 10 years	235,016
Total	$ 282,215	$ 357,774	[1]
[1]Derived from audited consolidated financial statements.

Securities - Contractual Matu_2

Securities - Contractual Maturities - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Proceeds from maturities, calls and principal repayments of securities	$ 29,500,000	$ 28,600,000
Proceeds from calls and maturities of securities	0	5,000,000
Gross realized loss on securities	$ 0	$ 0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Summary of loan balances by type (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021		Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Loans and Allowance for Loan Losses
Loans, gross	$ 1,715,451		$ 1,507,385		$ 1,473,483
Allowance for loan losses	15,313	$ 14,957	13,829		14,363	$ 14,359	$ 14,958
Unearned income and (unamortized premiums), net	978		3,536
Loans, net	1,699,160		1,490,020	[1]
Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	1,030,326		906,112		870,467
Allowance for loan losses	10,429	10,067	8,995		9,514	8,969	9,291
Commercial | Commercial and industrial
Loans and Allowance for Loan Losses
Loans, gross	211,396		202,750		222,081
Allowance for loan losses	2,132	2,256	1,827		1,622	2,032	2,546
Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	151,497		187,615		206,593
Allowance for loan losses	1,600	1,765	2,009		2,225	2,360	1,960
Consumer | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	313,078		200,604		166,097
Allowance for loan losses	1,038	728	781		731	673	690
Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	9,154		10,304		8,245
Allowance for loan losses	114	$ 141	217		$ 271	$ 325	$ 471
Originated loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	1,676,992		1,459,881
Allowance for loan losses	15,313		13,829
Unearned income and (unamortized premiums), net	978		3,536
Loans, net	1,660,701		1,442,516
Originated loan portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	1,014,838		887,310
Originated loan portfolio | Commercial | Commercial and industrial
Loans and Allowance for Loan Losses
Loans, gross	208,399		199,040
Originated loan portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	150,918		186,572
Originated loan portfolio | Consumer | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	293,707		176,682
Originated loan portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	9,130		10,277
Acquired loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	38,459		47,504
Allowance for loan losses	0		0
Unearned income and (unamortized premiums), net	0		0
Loans, net	38,459		47,504
Acquired loan portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	15,488		18,802
Acquired loan portfolio | Commercial | Commercial and industrial
Loans and Allowance for Loan Losses
Loans, gross	2,997		3,710
Acquired loan portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	579		1,043
Acquired loan portfolio | Consumer | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	19,371		23,922
Acquired loan portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	$ 24		$ 27
[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	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Loans and Allowance for Loan Losses
Carrying amount	$ 16,199	$ 19,029	$ 19,168
Changes in the accretable yield on purchased credit impaired loans
Balance at the beginning of the period	3	216
Accretion	(33)	(217)
Reclassification of nonaccretable difference due to changes in expected cash flows	23	54
Other changes, net	7	(50)
Balance at the end of the period	0	3
Purchased credit impaired
Loans and Allowance for Loan Losses
Outstanding principal balance	168	207
Carrying amount	0	0
Other acquired loans
Loans and Allowance for Loan Losses
Outstanding principal balance	38,909	48,049
Carrying amount	38,459	47,504
Acquired loan portfolio
Loans and Allowance for Loan Losses
Outstanding principal balance	39,077	48,256
Carrying amount	$ 38,459	$ 47,504

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	$ 14,957	$ 14,359	$ 13,829	$ 14,958	$ 14,958
Charge-offs	(28)	(48)	(478)	(794)	(849)
Recoveries	19	52	62	199	220
Provision	365	0	1,900	0	(500)
Loans and leases receivable, allowance, ending balance	15,313	14,363	15,313	14,363	13,829
Individually evaluated for impairment	164	993	164	993	186
Collectively evaluated for impairment	15,149	13,370	15,149	13,370	13,643
Total allowance for loans and leases receivables	15,313	14,363	15,313	14,363	13,829
Loans receivables:
Individually evaluated for impairment	16,199	19,168	16,199	19,168	19,029
Collectively evaluated for impairment	1,699,252	1,454,315	1,699,252	1,454,315	1,488,356
Loans receivable	1,715,451	1,473,483	1,715,451	1,473,483	1,507,385
Purchased credit impaired
Allowance for loan losses
Purchased credit impaired	0	0	0	0	0
Loans receivables:
Individually evaluated for impairment	0		0		0
Purchased credit impaired	0	0	0	0	0
Commercial | Real Estate
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	10,067	8,969	8,995	9,291	9,291
Charge-offs	0	(24)	0	(476)	(477)
Recoveries	0	0	0	24	24
Provision	362	569	1,434	675	157
Loans and leases receivable, allowance, ending balance	10,429	9,514	10,429	9,514	8,995
Individually evaluated for impairment	71	701	71	701	0
Collectively evaluated for impairment	10,358	8,813	10,358	8,813	8,995
Total allowance for loans and leases receivables	10,429	9,514	10,429	9,514	8,995
Loans receivables:
Individually evaluated for impairment	11,357	11,928	11,357	11,928	11,915
Collectively evaluated for impairment	1,018,969	858,539	1,018,969	858,539	894,197
Loans receivable	1,030,326	870,467	1,030,326	870,467	906,112
Commercial | Real Estate | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired	0	0	0	0	0
Loans receivables:
Purchased credit impaired	0	0	0	0	0
Commercial | Commercial and industrial
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	2,256	2,032	1,827	2,546	2,546
Charge-offs	0	0	(396)	(117)	(117)
Recoveries	0	0	0	0	0
Provision	(124)	(410)	701	(807)	(602)
Loans and leases receivable, allowance, ending balance	2,132	1,622	2,132	1,622	1,827
Individually evaluated for impairment	92	270	92	270	181
Collectively evaluated for impairment	2,040	1,352	2,040	1,352	1,646
Total allowance for loans and leases receivables	2,132	1,622	2,132	1,622	1,827
Loans receivables:
Individually evaluated for impairment	4,753	5,230	4,753	5,230	5,214
Collectively evaluated for impairment	206,643	216,851	206,643	216,851	197,536
Loans receivable	211,396	222,081	211,396	222,081	202,750
Commercial | Commercial and industrial | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired	0	0	0	0	0
Loans receivables:
Purchased credit impaired	0	0	0	0	0
Commercial | Construction
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	1,765	2,360	2,009	1,960	1,960
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision	(165)	(135)	(409)	265	49
Loans and leases receivable, allowance, ending balance	1,600	2,225	1,600	2,225	2,009
Individually evaluated for impairment	0	0	0	0	0
Collectively evaluated for impairment	1,600	2,225	1,600	2,225	2,009
Total allowance for loans and leases receivables	1,600	2,225	1,600	2,225	2,009
Loans receivables:
Individually evaluated for impairment	0	1,596	0	1,596	1,557
Collectively evaluated for impairment	151,497	204,997	151,497	204,997	186,058
Loans receivable	151,497	206,593	151,497	206,593	187,615
Commercial | Construction | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired	0	0	0	0	0
Loans receivables:
Purchased credit impaired	0	0	0	0	0
Consumer | Real Estate
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	728	673	781	690	690
Charge-offs	0	0	0	0	0
Recoveries	0	31	1	35	35
Provision	310	27	256	6	56
Loans and leases receivable, allowance, ending balance	1,038	731	1,038	731	781
Individually evaluated for impairment	1	22	1	22	5
Collectively evaluated for impairment	1,037	709	1,037	709	776
Total allowance for loans and leases receivables	1,038	731	1,038	731	781
Loans receivables:
Individually evaluated for impairment	89	414	89	414	343
Collectively evaluated for impairment	312,989	165,683	312,989	165,683	200,261
Loans receivable	313,078	166,097	313,078	166,097	200,604
Consumer | Real Estate | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired	0	0	0	0	0
Loans receivables:
Purchased credit impaired	0	0	0	0	0
Consumer | Nonresidential
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	141	325	217	471	471
Charge-offs	(28)	(24)	(82)	(201)	(255)
Recoveries	19	21	61	140	161
Provision	(18)	(51)	(82)	(139)	(160)
Loans and leases receivable, allowance, ending balance	114	271	114	271	217
Individually evaluated for impairment	0	0	0	0	0
Collectively evaluated for impairment	114	271	114	271	217
Total allowance for loans and leases receivables	114	271	114	271	217
Loans receivables:
Individually evaluated for impairment	0	0	0	0	0
Collectively evaluated for impairment	9,154	8,245	9,154	8,245	10,304
Loans receivable	9,154	8,245	9,154	8,245	10,304
Consumer | Nonresidential | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired	0	0	0	0	0
Loans receivables:
Purchased credit impaired	$ 0	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Impaired Loans (Details) - Originated loan portfolio - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Recorded Investment
With an allowance recorded	$ 3,470	$ 1,771
With no related allowance	12,729	17,258
Unpaid Principal Balance
With an allowance recorded	3,480	1,781
With no related allowance	12,729	17,297
Related Allowance	164	186
Average Recorded Investment
With an allowance recorded	3,483	1,806
With no related allowance	12,778	17,454
Interest Income Recognized
With an allowance recorded	180	102
With no related allowance	509	1,021
Commercial | Real Estate
Recorded Investment
With an allowance recorded	1,703	0
With no related allowance	9,654	11,915
Unpaid Principal Balance
With an allowance recorded	1,703	0
With no related allowance	9,654	11,915
Related Allowance	71	0
Average Recorded Investment
With an allowance recorded	1,704	0
With no related allowance	9,654	11,947
Interest Income Recognized
With an allowance recorded	98	0
With no related allowance	357	581
Commercial | Commercial and industrial
Recorded Investment
With an allowance recorded	1,678	1,678
With no related allowance	3,075	3,536
Unpaid Principal Balance
With an allowance recorded	1,688	1,688
With no related allowance	3,075	3,536
Related Allowance	92	181
Average Recorded Investment
With an allowance recorded	1,688	1,711
With no related allowance	3,124	3,660
Interest Income Recognized
With an allowance recorded	78	95
With no related allowance	152	238
Commercial | Construction
Recorded Investment
With an allowance recorded	0	0
With no related allowance	0	1,557
Unpaid Principal Balance
With an allowance recorded	0	0
With no related allowance	0	1,596
Related Allowance	0	0
Average Recorded Investment
With an allowance recorded	0	0
With no related allowance	0	1,597
Interest Income Recognized
With an allowance recorded	0	0
With no related allowance	0	174
Consumer | Real Estate
Recorded Investment
With an allowance recorded	89	93
With no related allowance	0	250
Unpaid Principal Balance
With an allowance recorded	89	93
With no related allowance	0	250
Related Allowance	1	5
Average Recorded Investment
With an allowance recorded	91	95
With no related allowance	0	250
Interest Income Recognized
With an allowance recorded	4	7
With no related allowance	0	28
Consumer | Nonresidential
Recorded Investment
With an allowance recorded	0	0
With no related allowance	0	0
Unpaid Principal Balance
With an allowance recorded	0	0
With no related allowance	0	0
Related Allowance	0	0
Average Recorded Investment
With an allowance recorded	0	0
With no related allowance	0	0
Interest Income Recognized
With an allowance recorded	0	0
With no related allowance	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Risk category (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Loans and allowance - Risk category of loans
Loans, gross	$ 1,715,451	$ 1,507,385	$ 1,473,483
Substandard
Loans and allowance - Risk category of loans
Loans, gross	164
Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	1,030,326	906,112	870,467
Commercial | Commercial and industrial
Loans and allowance - Risk category of loans
Loans, gross	211,396	202,750	222,081
Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	151,497	187,615	206,593
Consumer | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	313,078	200,604	166,097
Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	9,154	10,304	$ 8,245
Originated loan portfolio
Loans and allowance - Risk category of loans
Loans, gross	1,676,992	1,459,881
Originated loan portfolio | Pass
Loans and allowance - Risk category of loans
Loans, gross	1,654,697	1,437,866
Originated loan portfolio | Special mention
Loans and allowance - Risk category of loans
Loans, gross	6,096	2,986
Leases receivable	3,000
Originated loan portfolio | Substandard
Loans and allowance - Risk category of loans
Loans, gross	16,199	19,029
Decrease in related to loans	(2,800)
Originated loan portfolio | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	1,014,838	887,310
Originated loan portfolio | Commercial | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	997,848	875,395
Originated loan portfolio | Commercial | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	5,633	0
Originated loan portfolio | Commercial | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	11,357	11,915
Originated loan portfolio | Commercial | Real Estate | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Commercial | Real Estate | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Commercial | Commercial and industrial
Loans and allowance - Risk category of loans
Loans, gross	208,399	199,040
Originated loan portfolio | Commercial | Commercial and industrial | Pass
Loans and allowance - Risk category of loans
Loans, gross	203,246	193,426
Originated loan portfolio | Commercial | Commercial and industrial | Special mention
Loans and allowance - Risk category of loans
Loans, gross	400	400
Originated loan portfolio | Commercial | Commercial and industrial | Substandard
Loans and allowance - Risk category of loans
Loans, gross	4,753	5,214
Originated loan portfolio | Commercial | Commercial and industrial | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Commercial | Commercial and industrial | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	150,918	186,572
Originated loan portfolio | Commercial | Construction | Pass
Loans and allowance - Risk category of loans
Loans, gross	150,918	182,497
Originated loan portfolio | Commercial | Construction | Special mention
Loans and allowance - Risk category of loans
Loans, gross	0	2,518
Originated loan portfolio | Commercial | Construction | Substandard
Loans and allowance - Risk category of loans
Loans, gross	0	1,557
Originated loan portfolio | Commercial | Construction | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Commercial | Construction | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Consumer | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	293,707	176,682
Originated loan portfolio | Consumer | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	293,555	176,271
Originated loan portfolio | Consumer | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	63	68
Originated loan portfolio | Consumer | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	89	343
Originated loan portfolio | Consumer | Real Estate | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Consumer | Real Estate | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	9,130	10,277
Originated loan portfolio | Consumer | Nonresidential | Pass
Loans and allowance - Risk category of loans
Loans, gross	9,130	10,277
Originated loan portfolio | Consumer | Nonresidential | Special mention
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Consumer | Nonresidential | Substandard
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Consumer | Nonresidential | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Originated loan portfolio | Consumer | Nonresidential | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio
Loans and allowance - Risk category of loans
Loans, gross	38,459	47,504
Acquired loan portfolio | Pass
Loans and allowance - Risk category of loans
Loans, gross	36,993	47,504
Acquired loan portfolio | Special mention
Loans and allowance - Risk category of loans
Loans, gross	1,466	0
Acquired loan portfolio | Substandard
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	15,488	18,802
Acquired loan portfolio | Commercial | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	14,022	18,802
Acquired loan portfolio | Commercial | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	1,466	0
Acquired loan portfolio | Commercial | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Real Estate | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Real Estate | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Commercial and industrial
Loans and allowance - Risk category of loans
Loans, gross	2,997	3,710
Acquired loan portfolio | Commercial | Commercial and industrial | Pass
Loans and allowance - Risk category of loans
Loans, gross	2,997	3,710
Acquired loan portfolio | Commercial | Commercial and industrial | Special mention
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Commercial and industrial | Substandard
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Commercial and industrial | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Commercial and industrial | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	579	1,043
Acquired loan portfolio | Commercial | Construction | Pass
Loans and allowance - Risk category of loans
Loans, gross	579	1,043
Acquired loan portfolio | Commercial | Construction | Special mention
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Construction | Substandard
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Construction | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Commercial | Construction | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Consumer | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	19,371	23,922
Acquired loan portfolio | Consumer | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	19,371	23,922
Acquired loan portfolio | Consumer | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Consumer | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Consumer | Real Estate | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Consumer | Real Estate | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	24	27
Acquired loan portfolio | Consumer | Nonresidential | Pass
Loans and allowance - Risk category of loans
Loans, gross	24	27
Acquired loan portfolio | Consumer | Nonresidential | Special mention
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Consumer | Nonresidential | Substandard
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Consumer | Nonresidential | Doubtful
Loans and allowance - Risk category of loans
Loans, gross	0	0
Acquired loan portfolio | Consumer | Nonresidential | Loss
Loans and allowance - Risk category of loans
Loans, gross	0	$ 0
Original loan portfolio discounted | Substandard
Loans and allowance - Risk category of loans
Decrease in related to loans	$ (1,800)

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Past due and Non accrual of loans (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Loans and Allowance for Loan Losses
Loans for which formal foreclosure proceedings are in process	$ 0	$ 0
Loans, net	1,699,160,000	1,490,020,000	[1]
Federal Home Loan Bank of Atlanta | Asset Pledged as Collateral
Loans and Allowance for Loan Losses
Loans, net	352,100,000	290,300,000
Adjustment
Loans and Allowance for Loan Losses
Loans, net	247,000	58,000
Originated loan portfolio
Loans and Allowance for Loan Losses
Financing receivables	1,676,992,000	1,459,881,000
90 days past due and still accruing	285,000	18,000
Nonaccruals	3,381,000	3,485,000
Loans, net	1,660,701,000	1,442,516,000
Originated loan portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	544,000	14,000
Originated loan portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	674,000	21,000
Originated loan portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	3,666,000	3,503,000
Originated loan portfolio | Total past due
Loans and Allowance for Loan Losses
Financing receivables	4,884,000	3,538,000
Originated loan portfolio | Current
Loans and Allowance for Loan Losses
Financing receivables	1,672,108,000	1,456,343,000
Originated loan portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Financing receivables	1,014,838,000	887,310,000
90 days past due and still accruing	127,000	0
Nonaccruals	1,703,000	0
Originated loan portfolio | Commercial | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Originated loan portfolio | Commercial | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	397,000	0
Originated loan portfolio | Commercial | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	1,830,000	0
Originated loan portfolio | Commercial | Real Estate | Total past due
Loans and Allowance for Loan Losses
Financing receivables	2,227,000	0
Originated loan portfolio | Commercial | Real Estate | Current
Loans and Allowance for Loan Losses
Financing receivables	1,012,611,000	887,310,000
Originated loan portfolio | Commercial | Commercial and industrial
Loans and Allowance for Loan Losses
Financing receivables	208,399,000	199,040,000
90 days past due and still accruing	0	0
Nonaccruals	1,678,000	1,678,000
Originated loan portfolio | Commercial | Commercial and industrial | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Originated loan portfolio | Commercial | Commercial and industrial | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	258,000	0
Originated loan portfolio | Commercial | Commercial and industrial | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	1,678,000	1,678,000
Originated loan portfolio | Commercial | Commercial and industrial | Total past due
Loans and Allowance for Loan Losses
Financing receivables	1,936,000	1,678,000
Originated loan portfolio | Commercial | Commercial and industrial | Current
Loans and Allowance for Loan Losses
Financing receivables	206,463,000	197,362,000
Originated loan portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Financing receivables	150,918,000	186,572,000
90 days past due and still accruing	0	0
Nonaccruals	0	1,557,000
Originated loan portfolio | Commercial | Construction | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Originated loan portfolio | Commercial | Construction | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Originated loan portfolio | Commercial | Construction | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	0	1,557,000
Originated loan portfolio | Commercial | Construction | Total past due
Loans and Allowance for Loan Losses
Financing receivables	0	1,557,000
Originated loan portfolio | Commercial | Construction | Current
Loans and Allowance for Loan Losses
Financing receivables	150,918,000	185,015,000
Originated loan portfolio | Consumer | Real Estate
Loans and Allowance for Loan Losses
Financing receivables	293,707,000	176,682,000
90 days past due and still accruing	130,000	0
Nonaccruals	0	250,000
Originated loan portfolio | Consumer | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	544,000	0
Originated loan portfolio | Consumer | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	19,000	0
Originated loan portfolio | Consumer | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	130,000	250,000
Originated loan portfolio | Consumer | Real Estate | Total past due
Loans and Allowance for Loan Losses
Financing receivables	693,000	250,000
Originated loan portfolio | Consumer | Real Estate | Current
Loans and Allowance for Loan Losses
Financing receivables	293,014,000	176,432,000
Originated loan portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Financing receivables	9,130,000	10,277,000
90 days past due and still accruing	28,000	18,000
Nonaccruals	0	0
Originated loan portfolio | Consumer | Nonresidential | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	14,000
Originated loan portfolio | Consumer | Nonresidential | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	21,000
Originated loan portfolio | Consumer | Nonresidential | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	28,000	18,000
Originated loan portfolio | Consumer | Nonresidential | Total past due
Loans and Allowance for Loan Losses
Financing receivables	28,000	53,000
Originated loan portfolio | Consumer | Nonresidential | Current
Loans and Allowance for Loan Losses
Financing receivables	9,102,000	10,224,000
Acquired loan portfolio
Loans and Allowance for Loan Losses
Financing receivables	38,459,000	47,504,000
90 days past due and still accruing	0	5,000
Nonaccruals	0	0
Loans, net	38,459,000	47,504,000
Acquired loan portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	236,000
Acquired loan portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	0	5,000
Acquired loan portfolio | Total past due
Loans and Allowance for Loan Losses
Financing receivables	0	241,000
Acquired loan portfolio | Current
Loans and Allowance for Loan Losses
Financing receivables	38,459,000	47,263,000
Acquired loan portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Financing receivables	15,488,000	18,802,000
90 days past due and still accruing	0	0
Nonaccruals	0	0
Acquired loan portfolio | Commercial | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Real Estate | Total past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Real Estate | Current
Loans and Allowance for Loan Losses
Financing receivables	15,488,000	18,802,000
Acquired loan portfolio | Commercial | Commercial and industrial
Loans and Allowance for Loan Losses
Financing receivables	2,997,000	3,710,000
90 days past due and still accruing	0	0
Nonaccruals	0	0
Acquired loan portfolio | Commercial | Commercial and industrial | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Commercial and industrial | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Commercial and industrial | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Commercial and industrial | Total past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Commercial and industrial | Current
Loans and Allowance for Loan Losses
Financing receivables	2,997,000	3,710,000
Acquired loan portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Financing receivables	579,000	1,043,000
90 days past due and still accruing	0	0
Nonaccruals	0	0
Acquired loan portfolio | Commercial | Construction | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Construction | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Construction | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Construction | Total past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Commercial | Construction | Current
Loans and Allowance for Loan Losses
Financing receivables	579,000	1,043,000
Acquired loan portfolio | Consumer | Real Estate
Loans and Allowance for Loan Losses
Financing receivables	19,371,000	23,922,000
90 days past due and still accruing	0	5,000
Nonaccruals	0	0
Acquired loan portfolio | Consumer | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	234,000
Acquired loan portfolio | Consumer | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Consumer | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	0	5,000
Acquired loan portfolio | Consumer | Real Estate | Total past due
Loans and Allowance for Loan Losses
Financing receivables	0	239,000
Acquired loan portfolio | Consumer | Real Estate | Current
Loans and Allowance for Loan Losses
Financing receivables	19,371,000	23,683,000
Acquired loan portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Financing receivables	24,000	27,000
90 days past due and still accruing	0	0
Nonaccruals	0	0
Acquired loan portfolio | Consumer | Nonresidential | 30-59 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	2,000
Acquired loan portfolio | Consumer | Nonresidential | 60-89 days past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Consumer | Nonresidential | 90 days or more past due
Loans and Allowance for Loan Losses
Financing receivables	0	0
Acquired loan portfolio | Consumer | Nonresidential | Total past due
Loans and Allowance for Loan Losses
Financing receivables	0	2,000
Acquired loan portfolio | Consumer | Nonresidential | Current
Loans and Allowance for Loan Losses
Financing receivables	$ 24,000	$ 25,000
[1]Derived from audited consolidated financial statements.

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Recorded investment in troubled debt restructurings	$ 89	$ 92

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) $ in Thousands	6 Months Ended	9 Months Ended
	Jun. 30, 2022 agreement	Sep. 30, 2022 USD ($) agreement	Dec. 31, 2021 USD ($)
Interest rate swap
Derivative Financial Instruments
Number of swap agreements outstanding not included in the offsetting | agreement	19	14
Collateralized amount		$ 30	$ 6,700
Receive Fixed/Pay Variable Swaps
Derivative Financial Instruments
Notional amount		71,105	80,643
Derivative liability, Fair Value		4,710	6,052
Pay Fixed/Receive Variable Swaps
Derivative Financial Instruments
Notional amount		71,105	80,643
Derivative asset, Fair Value		$ (4,710)	$ (6,052)

Derivative Financial Instrume_4

Derivative Financial Instruments - Interest Rate Risk Management-Cash Flow Hedging Instruments (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative Financial Instruments
Unrealized gain (loss) relating to interest rate swaps	$ 4,932	$ 347
Cash flow hedge
Derivative Financial Instruments
Notional amount	$ 145,000		$ 60,000
Weighted average pay rate	2.12%		0.87%
Weighted average receive rate	3.45%		0.21%
Weighted average maturity in years	3 years 9 months		1 year 1 month 6 days
Unrealized gain (loss) relating to interest rate swaps	$ 4,856		$ (77)

Financial Instruments with Of_3

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Financial Instruments with Off-Balance Sheet Risk
Cash on deposit in correspondent banks exceeding the federally insured limits	$ 15,500	$ 32,800
Commitments to grant loans | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	218,782	90,591
Unused commitments to fund loans and lines of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	250,418	183,145
Commercial and standby letters of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	$ 9,356	$ 8,930
Letters of credit expiration period (in years)	1 year

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock-Based Compensation Plan
Number of shares withheld to cover the cost of the exercise		0	4,772	0
Stock option
Stock-Based Compensation Plan
Total income tax benefits related to stock options exercised	$ 9		$ 367	$ 125
Compensation cost	348	$ 289	799	$ 749
Restricted stock
Stock-Based Compensation Plan
Unamortized compensation cost	$ 3,500		$ 3,500
Period for recognition for cost not yet recognized			36 months
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)	2,929,296		2,929,296
Vesting period (in years)			4 years
Contractual term (in years)			10 years
Shares available for grant (in shares)	130,322		130,322
Options granted (in shares)			0	0
Amended and Restated 2008 Option Plan | Restricted stock
Stock-Based Compensation Plan
Granted (in shares)			120,070	116,488

Stock-Based Compensation Plan -

Stock-Based Compensation Plan - Options (Details) - Amended and Restated 2008 Option Plan - Stock option - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Number of Shares
Outstanding at the beginning of the year (in shares)	1,544,893
Granted (in shares)	0	0
Exercised (in shares)	(221,599)
Forfeited or expired (in shares)	(97)
Outstanding at the end of the year (in shares)	1,323,197		1,544,893
Exercisable at the end of the year (in shares)	1,323,197
Weighted- Average Exercise Price
Outstanding at the beginning of the year (in dollars per share)	$ 8.31
Granted (in dollars per share)	0
Exercised (in dollars per share)	7.15
Forfeited or expired (in dollars per share)	8.56
Outstanding at the end of the year (in dollars per share)	8.50		$ 8.31
Exercisable at the end of the year (in dollars per share)	$ 8.50
Additional disclosures
Outstanding weighted-average remaining contractual term (in years)			2 years 5 months 15 days
Exercisable weighted-average remaining contractual term (in years)	2 years 18 days
Exercisable aggregate intrinsic value	$ 14,113,207

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan - Restricted stock (Details) - Amended and Restated 2008 Option Plan - Restricted stock - $ / shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Number of Shares
Balance at the beginning of the year (in shares)	151,403
Granted (in shares)	120,070	116,488
Vested (in shares)	(46,629)
Forfeited (in shares)	(5,027)
Balance at the end of the year (in shares)	219,817
Weighted Average Grant Date Fair Value
Outstanding at the beginning of the year (in dollars per share)	$ 17.92
Granted (in dollars per share)	18.65
Vested (in dollars per share)	18.16
Forfeited (in dollars per share)	18.23
Outstanding at the end of the year (in dollars per share)	$ 18.26

Fair Value Measurements - Finan

Fair Value Measurements - Financial assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Securities available-for-sale, at fair value	$ 282,215	$ 357,774	[1]
Carrying Amount
Assets
Securities available-for-sale, at fair value	282,215	357,774
Carrying Amount | Cash flow hedge
Assets
Derivative assets	4,856
Derivative liabilities	0	77
Interest rate swap | Carrying Amount
Assets
Derivative assets	4,710	6,052
Derivative liabilities	4,710	6,052
Securities of U.S. government and federal agencies
Assets
Securities available-for-sale, at fair value	11,006	13,436
Corporate bonds
Assets
Securities available-for-sale, at fair value	19,433	14,151
SBA pass-through securities
Assets
Securities available-for-sale, at fair value	68	108
Mortgage-backed securities
Assets
Securities available-for-sale, at fair value	240,088	313,838
Collateralized mortgage obligations
Assets
Securities available-for-sale, at fair value	9,773	14,194
Level 1
Assets
Securities available-for-sale, at fair value	0	0
Level 1 | Cash flow hedge
Assets
Derivative assets	0
Derivative liabilities	0	0
Level 1 | Interest rate swap
Assets
Derivative assets	0	0
Derivative liabilities	0	0
Level 2
Assets
Securities available-for-sale, at fair value	282,215	357,774
Level 2 | Cash flow hedge
Assets
Derivative assets	4,856
Derivative liabilities	0	77
Level 2 | Interest rate swap
Assets
Derivative assets	4,710	6,052
Derivative liabilities	4,710	6,052
Level 3
Assets
Securities available-for-sale, at fair value	0	0
Level 3 | Cash flow hedge
Assets
Derivative assets	0
Derivative liabilities	0	0
Level 3 | Interest rate swap
Assets
Derivative assets	0	0
Derivative liabilities	0	0
Recurring
Assets
Securities available-for-sale, at fair value	282,215	357,774
Recurring | Securities of U.S. government and federal agencies
Assets
Securities available-for-sale, at fair value	11,006	13,436
Recurring | Securities of state and local municipalities tax exempt
Assets
Securities available-for-sale, at fair value	1,356	1,451
Recurring | Securities of state and local municipalities taxable
Assets
Securities available-for-sale, at fair value	491	596
Recurring | Corporate bonds
Assets
Securities available-for-sale, at fair value	19,433	14,151
Recurring | SBA pass-through securities
Assets
Securities available-for-sale, at fair value	68	108
Recurring | Mortgage-backed securities
Assets
Securities available-for-sale, at fair value	240,088	313,838
Recurring | Collateralized mortgage obligations
Assets
Securities available-for-sale, at fair value	9,773	14,194
Recurring | Level 1
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 1 | Securities of U.S. government and federal agencies
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 1 | Securities of state and local municipalities tax exempt
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 1 | Securities of state and local municipalities taxable
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 1 | Corporate bonds
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 1 | SBA pass-through securities
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 1 | Mortgage-backed securities
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 1 | Collateralized mortgage obligations
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 2
Assets
Securities available-for-sale, at fair value	282,215	357,774
Recurring | Level 2 | Securities of U.S. government and federal agencies
Assets
Securities available-for-sale, at fair value	11,006	13,436
Recurring | Level 2 | Securities of state and local municipalities tax exempt
Assets
Securities available-for-sale, at fair value	1,356	1,451
Recurring | Level 2 | Securities of state and local municipalities taxable
Assets
Securities available-for-sale, at fair value	491	596
Recurring | Level 2 | Corporate bonds
Assets
Securities available-for-sale, at fair value	19,433	14,151
Recurring | Level 2 | SBA pass-through securities
Assets
Securities available-for-sale, at fair value	68	108
Recurring | Level 2 | Mortgage-backed securities
Assets
Securities available-for-sale, at fair value	240,088	313,838
Recurring | Level 2 | Collateralized mortgage obligations
Assets
Securities available-for-sale, at fair value	9,773	14,194
Recurring | Level 3
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 3 | Securities of U.S. government and federal agencies
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 3 | Securities of state and local municipalities tax exempt
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 3 | Securities of state and local municipalities taxable
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 3 | Corporate bonds
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 3 | SBA pass-through securities
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 3 | Mortgage-backed securities
Assets
Securities available-for-sale, at fair value	0	0
Recurring | Level 3 | Collateralized mortgage obligations
Assets
Securities available-for-sale, at fair value	$ 0	$ 0
[1]Derived from audited consolidated financial statements.

Fair Value Measurements - Asset

Fair Value Measurements - Assets measured at fair value on a nonrecurring basis (Details) - Nonrecurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Impaired loans	$ 3,306	$ 1,585
Commercial real estate
Assets
Impaired loans	1,632
Commercial and industrial
Assets
Impaired loans	1,586	1,497
Consumer residential
Assets
Impaired loans	88	88
Level 1
Assets
Impaired loans	0	0
Level 1 | Commercial real estate
Assets
Impaired loans	0
Level 1 | Commercial and industrial
Assets
Impaired loans	0	0
Level 1 | Consumer residential
Assets
Impaired loans	0	0
Level 2
Assets
Impaired loans	0	0
Level 2 | Commercial real estate
Assets
Impaired loans	0
Level 2 | Commercial and industrial
Assets
Impaired loans	0	0
Level 2 | Consumer residential
Assets
Impaired loans	0	0
Level 3
Assets
Impaired loans	3,306	1,585
Level 3 | Commercial real estate
Assets
Impaired loans	1,632
Level 3 | Commercial and industrial
Assets
Impaired loans	1,586	1,497
Level 3 | Consumer residential
Assets
Impaired loans	$ 88	$ 88

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative information about Level 3 fair value measurements (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Minimum | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.10
Maximum | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.10
Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 3,306	$ 1,585
Nonrecurring | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	1,632
Nonrecurring | Commercial and industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	1,586	1,497
Nonrecurring | Consumer residential
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 88	$ 88
Level 3
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, valuation technique	Valuation Technique Discounted Appraised Value [Member]	Valuation Technique Discounted Appraised Value [Member]
Impaired loans, measurement input	Measurement Input, Cost to Sell [Member]	Measurement Input, Cost to Sell [Member]
Level 3 | Minimum
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.08	0.08
Level 3 | Minimum | Commercial and industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.08	0.08
Level 3 | Minimum | Consumer residential
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.08	0.08
Level 3 | Maximum
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.10	0.08
Level 3 | Maximum | Commercial and industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.08	0.08
Level 3 | Maximum | Consumer residential
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.08	0.08
Level 3 | Avg
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.0899	0.0800
Level 3 | Avg | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.1000
Level 3 | Avg | Commercial and industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.0800	0.0800
Level 3 | Avg | Consumer residential
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.0800	0.0800
Level 3 | Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 3,306	$ 1,585
Level 3 | Nonrecurring | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	1,632
Level 3 | Nonrecurring | Commercial and industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	1,586	1,497
Level 3 | Nonrecurring | Consumer residential
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 88	$ 88

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	Sep. 30, 2022	Dec. 31, 2021
Financial assets:
Cash and due from banks	$ 11,820	$ 24,613	[1]
Interest-bearing deposits at other institutions	56,522	216,345	[1]
Securities available-for-sale	282,215	357,774	[1]
Restricted stock	9,061	6,372	[1]
Loans, net	1,699,160	1,490,020	[1]
Bank owned life insurance	55,016	39,171	[1]
Accrued interest receivable	8,459	8,074	[1]
Financial liabilities:
Time deposits	303,805	231,417	[1]
Subordinated notes	19,551	19,510	[1]
Accrued interest payable	845	1,034	[1]
Carrying Amount
Financial assets:
Cash and due from banks	11,820	24,613
Interest-bearing deposits at other institutions	56,522	216,345
Securities held-to-maturity	264	264
Securities available-for-sale	282,215	357,774
Restricted stock	9,061	6,372
Loans, net	1,699,160	1,490,020
Bank owned life insurance	55,016	39,171
Accrued interest receivable	8,459	8,074
Financial liabilities:
Checking, savings and money market accounts	1,585,479	1,652,352
Time deposits	303,805	231,417
Federal funds purchased	0
FHLB advances	75,000	25,000
Subordinated notes	19,551	19,510
Accrued interest payable	845	1,034
Level 1
Financial assets:
Cash and due from banks	11,820	24,613
Interest-bearing deposits at other institutions	56,522	216,345
Securities held-to-maturity	0	0
Securities available-for-sale	0	0
Restricted stock	0	0
Loans, net	0	0
Bank owned life insurance	0	0
Accrued interest receivable	0	0
Financial liabilities:
Checking, savings and money market accounts	0	0
Time deposits	0	0
Federal funds purchased	0
FHLB advances	0	0
Subordinated notes	0	0
Accrued interest payable	0	0
Level 2
Financial assets:
Cash and due from banks	0	0
Interest-bearing deposits at other institutions	0	0
Securities held-to-maturity	243	270
Securities available-for-sale	282,215	357,774
Restricted stock	9,061	6,372
Loans, net	0	0
Bank owned life insurance	55,016	39,171
Accrued interest receivable	8,459	8,074
Financial liabilities:
Checking, savings and money market accounts	1,585,479	1,652,352
Time deposits	303,733	232,837
Federal funds purchased	0
FHLB advances	75,000	25,000
Subordinated notes	18,763	18,133
Accrued interest payable	845	1,034
Level 3
Financial assets:
Cash and due from banks	0	0
Interest-bearing deposits at other institutions	0	0
Securities held-to-maturity	0	0
Securities available-for-sale	0	0
Restricted stock	0	0
Loans, net	1,623,176	1,493,185
Bank owned life insurance	0	0
Accrued interest receivable	0	0
Financial liabilities:
Checking, savings and money market accounts	0	0
Time deposits	0	0
Federal funds purchased	0
FHLB advances	0	0
Subordinated notes	0	0
Accrued interest payable	$ 0	$ 0
[1]Derived from audited consolidated financial statements.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Number of anti-dilutive shares excluded from the calculation (in shares)	0	0	0	0
Net income	$ 7,043	$ 4,682	$ 20,080	$ 15,416
Weighted average number of shares (in shares)	13,988,000	13,683,000	13,930,000	13,636,000
Effect of dilutive securities, restricted stock units and options (in shares)	784,000	929,000	855,000	919,000
Weighted average diluted shares (in shares)	14,772,000	14,612,000	14,785,000	14,555,000
Basic EPS (in dollars per share)	$ 0.50	$ 0.34	$ 1.44	$ 1.13
Diluted EPS (in dollars per share)	$ 0.48	$ 0.32	$ 1.36	$ 1.06

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) component	Sep. 30, 2021 USD ($) component	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Changes in accumulated other comprehensive income
Balance, beginning of period	$ (29,192,000)	$ 941,000	$ (2,043,000)	$ 1,826,000
Net unrealized (losses) gains during the period	(10,388,000)	(1,627,000)	(37,537,000)	(2,512,000)
Other comprehensive (loss) income, net of tax	(10,388,000)	(1,627,000)	(37,537,000)	(2,512,000)
Balance, end of period	(39,580,000)	(686,000)	(39,580,000)	(686,000)
Gains reclassified from AOCI into income	$ 0	$ 0	0	0
Accumulated Other Comprehensive Income (Loss)
Number of securities component of AOCI | component	2	2
Changes in accumulated other comprehensive income
Other comprehensive (loss) income, net of tax	$ (10,388,000)	$ (1,627,000)	(37,537,000)	(2,512,000)
Available-for-Sale Securities
Changes in accumulated other comprehensive income
Balance, beginning of period	(29,861,000)	1,323,000	(1,983,000)	2,421,000
Net unrealized (losses) gains during the period	(13,555,000)	(1,688,000)	(41,433,000)	(2,786,000)
Other comprehensive (loss) income, net of tax	(13,555,000)	(1,688,000)	(41,433,000)	(2,786,000)
Balance, end of period	(43,416,000)	(365,000)	(43,416,000)	(365,000)
Cash Flow Hedges
Changes in accumulated other comprehensive income
Balance, beginning of period	669,000	(382,000)	(60,000)	(595,000)
Net unrealized (losses) gains during the period	3,167,000	61,000	3,896,000	274,000
Other comprehensive (loss) income, net of tax	3,167,000	61,000	3,896,000	274,000
Balance, end of period	$ 3,836,000	$ (321,000)	$ 3,836,000	$ (321,000)

Subordinated Notes (Details)

Subordinated Notes (Details) - USD ($)		1 Months Ended	9 Months Ended	12 Months Ended
	Oct. 13, 2020	Feb. 28, 2022	Sep. 30, 2022	Dec. 31, 2021	Jun. 20, 2016
Subordinated Notes
Subordinated Notes
Face amount					$ 25,000,000
Interest rate (as a percent)					6%
Redemption price percentage of outstanding principal amount			100%
Principal amount redeemed		$ 1,200,000		$ 23,800,000
Subordinated Notes | LIBOR
Subordinated Notes
Variable interest rate (as a percent)			4.87%
Subordinated Notes due 2030
Subordinated Notes
Face amount	$ 20,000,000
Interest rate (as a percent)	4.875%
Term for fixed interest rate (as a percent)	5 years
Subordinated Notes due 2030 | 3-month SOFR
Subordinated Notes
Variable interest rate (as a percent)	4.71%
Minimum | Subordinated Notes
Subordinated Notes
Notice period for redeem the subordinated notes			30 days
Maximum | Subordinated Notes
Subordinated Notes
Notice period for redeem the subordinated notes			60 days

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue Recognition
Non-interest Income (in-scope of Topic 606)	$ 350	$ 380	$ 1,085	$ 1,226
Non-interest Income (out-scope of Topic 606)	225	681	1,759	1,311
Total noninterest income	575	1,061	$ 2,844	2,537
Revenue, practical expedient, incremental cost of obtaining contract			true
Other income
Revenue Recognition
Non-interest Income (in-scope of Topic 606)	8	1	$ 97	183
Service Charges on Deposit Accounts
Revenue Recognition
Non-interest Income (in-scope of Topic 606)	241	278	706	768
Fees, Exchange, and Other Service Charges
Revenue Recognition
Non-interest Income (in-scope of Topic 606)	$ 101	$ 101	$ 282	$ 275

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Supplemental Disclosure of Cash Flow Information:
Interest on deposits and borrowed funds	$ 8,158	$ 7,733
Income taxes	6,283	3,846
Noncash investing and financing activities:
Unrealized loss on securities available-for-sale	(52,447)	(3,483)
Unrealized gain on interest rate swaps	4,932	347
Transfer of called subordinated notes to other liabilities	0	14,500
Right-of-use assets obtained in the exchange for lease liabilities during the current period	522	0
Modification of existing right-of-use assets and lease liability	$ 304	$ 0