FVCBankcorp (FVCB) 10-Q 9 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 09, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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		17,802,173
Entity Central Index Key	0001675644
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022	[1]
Assets
Cash and due from banks	$ 7,560,000	$ 7,253,000
Interest-bearing deposits at other financial institutions	89,440,000	74,300,000
Securities held-to-maturity (fair value of $243 thousand and $252 thousand at September 30, 2023 and December 31, 2022, respectively), net of allowance for credit losses of $0 at September 30, 2023 and December 31, 2022.	264,000	264,000
Securities available-for-sale, at fair value	216,146,000	278,069,000
Restricted stock, at cost	7,745,000	15,612,000
Loans, net of allowance for credit losses of $18.8 million and $16.0 million at September 30, 2023 and December 31, 2022, respectively	1,830,664,000	1,824,394,000
Premises and equipment, net	1,047,000	1,220,000
Accrued interest receivable	10,151,000	9,435,000
Prepaid expenses	4,343,000	3,273,000
Deferred tax assets, net	18,980,000	18,533,000
Goodwill and intangibles, net	7,632,000	7,790,000
Bank owned life insurance ("BOLI")	56,438,000	55,371,000
Operating lease right-of-use assets	8,990,000	9,680,000
Other assets	46,072,000	39,128,000
Total assets	2,305,472,000	2,344,322,000
Deposits:
Noninterest-bearing	427,036,000	438,269,000
Interest-bearing checking, savings and money market	904,639,000	883,480,000
Time deposits	664,296,000	508,413,000
Total deposits	1,995,971,000	1,830,162,000
Federal funds purchased	0	30,000,000
Federal Home Loan Bank ("FHLB") advances	50,000,000	235,000,000
Subordinated notes, net of issuance costs	19,606,000	19,565,000
Accrued interest payable	3,033,000	1,269,000
Operating lease liabilities	9,632,000	10,394,000
Reserves for unfunded commitments	673,000	0
Accrued expenses and other liabilities	15,311,000	15,550,000
Total liabilities	2,094,226,000	2,141,940,000
Commitments and Contingent Liabilities
Stockholders' Equity
Preferred stock
Common stock	178,000	175,000
Additional paid-in capital	124,942,000	123,886,000
Retained earnings	120,960,000	114,888,000
Accumulated other comprehensive (loss), net	(34,834,000)	(36,567,000)
Total stockholders' equity	211,246,000	202,382,000
Total liabilities and stockholders' equity	$ 2,305,472,000	$ 2,344,322,000
[1]Derived from audited consolidated financial statements.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Securities held to maturity, fair value	$ 243	$ 252
Securities held to maturity, allowance for credit losses	0	0
Allowance for loan losses	$ 18,849	$ 16,040
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)	17,802,173	17,475,109
Common stock, shares outstanding (in shares)	17,802,173	17,475,109

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest and Dividend Income
Interest and fees on loans	$ 25,243	$ 19,344	$ 73,625	$ 52,194
Interest and dividends on securities held-to-maturity	2	2	4	5
Interest and dividends on securities available-for-sale	1,217	1,481	3,852	4,471
Dividends on restricted stock	89	93	461	253
Interest on deposits at other financial institutions	876	171	2,022	417
Total interest and dividend income	27,427	21,091	79,964	57,340
Interest Expense
Interest on deposits	13,799	2,892	34,592	6,619
Interest on federal funds purchased	0	237	11	248
Interest on short-term debt	35	178	2,851	336
Interest on subordinated notes	258	258	773	773
Total interest expense	14,092	3,565	38,227	7,976
Net Interest Income	13,335	17,526	41,737	49,364
(Recovery of) Provision for credit losses	(729)	365	132	1,900
Net interest income after (recovery of) provision for credit losses	14,064	17,161	41,605	47,464
Noninterest Income
Service charges on deposit accounts	284	241	731	706
BOLI income	373	352	1,067	844
(Loss) income from minority membership interests	(650)	(160)	(1,431)	754
Loss on sale of securities available-for-sale	0	0	(4,592)	0
Other income	218	142	714	540
Total noninterest (loss) income	225	575	(3,511)	2,844
Noninterest Expenses
Salaries and employee benefits	5,267	5,202	15,374	15,094
Occupancy expense	547	417	1,785	1,570
Internet banking and software expense	660	432	1,804	1,231
Data processing and network administration	601	595	1,834	1,688
State franchise taxes	584	509	1,753	1,527
Audit, legal and consulting fees	213	235	644	884
Merger and acquisition expense	0	0	0	125
Loan related (benefit)/expenses	(189)	242	199	230
FDIC insurance	431	155	968	515
Marketing, business development and advertising	167	93	527	270
Director fees	180	168	540	503
Postage, courier and telephone	39	33	134	124
Core deposit intangible amortization	50	97	157	298
Tax credit amortization	32	0	95	0
Other operating expenses	466	421	1,447	1,199
Total noninterest expenses	9,048	8,599	27,261	25,258
Net income before income tax expense	5,241	9,137	10,833	25,050
Income tax expense	1,202	2,094	1,941	4,970
Net income	$ 4,039	$ 7,043	$ 8,892	$ 20,080
Earnings per share, basic (in dollars per share)	$ 0.23	$ 0.40	$ 0.50	$ 1.15
Earnings per share, diluted (in dollars per share)	$ 0.22	$ 0.38	$ 0.49	$ 1.09

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 4,039	$ 7,043	$ 8,892	$ 20,080
Other comprehensive income (loss):
Unrealized loss on securities available for sale, net of tax benefit of $1,987 and $1,979 for the three and nine months ended September 30, 2023, respectively, and net of tax benefit of $3,614 and $11,014 for the three and nine months ended September 30, 2022, respectively.	(7,046)	(13,555)	(7,018)	(41,433)
Unrealized gain on interest rate swaps, net of tax expense of $839 and $1,458 for the three and nine months ended September 30, 2023, respectively,and net of tax expense of $842 and $1,037 for the three and nine months ended September 30, 2022, respectively.	2,974	3,167	5,169	3,896
Reclassification adjustment for securities losses realized in income, net of tax expense of $0 and $1,010 for the three and nine months ended September 30, 2023, respectively, and $0 for each of the three and nine months ended September 30, 2022, respectively.	0	0	3,582	0
Total other comprehensive income (loss)	(4,072)	(10,388)	1,733	(37,537)
Total comprehensive income (loss)	$ (33)	$ (3,345)	$ 10,625	$ (17,457)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Tax benefit securities available for sale	$ 1,987	$ 3,614	$ 1,979	$ 11,014
Unrealized (loss) gain on interest rate swaps, tax expense	839	842	1,458	1,037
Reclassification adjustment for securities losses realized in income, net of tax expense	$ 0	$ 0	$ 1,010	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows From Operating Activities
Net income	$ 8,892	$ 20,080
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	306	317
Provision for credit losses	132	1,900
Net amortization of premium of securities	322	484
Net accretion of deferred loan costs and fees	(1,349)	(1,767)
Net accretion of acquisition accounting adjustments	(421)	(125)
Loss on sale of available-for-sale investment securities	4,592	0
Loss (income) from minority membership interest	1,431	(754)
Amortization of subordinated debt issuance costs	41	41
Core deposits intangible amortization	157	298
Tax credits amortization	95	0
Equity-based compensation expense	909	799
BOLI income	(1,067)	(844)
Changes in assets and liabilities:
Increase in accrued interest receivable, prepaid expenses, and other assets	(9,626)	(12,368)
Increase in accrued interest payable, accrued expenses, and other liabilities	7,326	5,833
Net cash provided by operating activities	11,740	13,894
Cash Flows From Investing Activities
(Increase) decrease in interest-bearing deposits at other financial institutions	(15,140)	159,823
Purchases of securities available-for-sale	0	(47,160)
Proceeds from sales of securities available-for-sale	35,778	0
Proceeds from redemptions of securities available-for-sale	16,814	29,564
Net redemption (purchase) of restricted stock	7,867	(2,689)
Net increase in loans	(7,571)	(209,141)
Purchase of bank-owned life insurance	0	(15,000)
Distribution received from minority owned investment	0	1,040
Purchases of premises and equipment, net	(133)	(129)
Net cash provided by (used in) investing activities	37,615	(83,692)
Cash Flows From Financing Activities
Net (decrease) increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits	9,926	(66,873)
(Decrease) increase in federal funds purchased	(30,000)	72,381
Net decrease in FHLB advances	(185,000)	0
Net increase in time deposits	155,876	50,000
Repurchase of shares of common stock	(1,448)	0
Taxes from vesting of restricted stock units	(113)	0
Common stock issuance	1,711	1,497
Net cash (used in) provided by financing activities	(49,048)	57,005
Net increase (decrease) in cash and cash equivalents	307	(12,793)
Cash and cash equivalents, beginning of year	7,253	24,613
Cash and cash equivalents, end of period	$ 7,560	$ 11,820

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total		Revision of Prior Period, Accounting Standards Update, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Revision of Prior Period, Accounting Standards Update, Adjustment	Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period (in shares) at Dec. 31, 2021				13,727,000
Balance at the beginning of the period at Dec. 31, 2021	$ 209,796			$ 137	$ 121,798	$ 89,904		$ (2,043)
Increase (Decrease) in Stockholders' Equity
Net income	20,080					20,080
Other Comprehensive (Loss) Income	(37,537)							(37,537)
Common stock issuance for options exercised, net (in shares)				219,000
Common stock issuance for options exercised, net	1,497			$ 3	1,494
Vesting of restricted stock grants (in shares)				46,000
Stock-based compensation expense	799				799
Balance at the end of the period (in shares) at Sep. 30, 2022				13,992,000
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 Dec. 31, 2021				13,727,000
Balance at the beginning of the period at Dec. 31, 2021	$ 209,796			$ 137	121,798	89,904		(2,043)
Balance at the end of the period (in shares) at Dec. 31, 2022	17,475,109			17,475,000
Balance at the end of the period at Dec. 31, 2022	$ 202,382	[1]	$ (2,808)	$ 175	123,886	114,888	$ (2,808)	(36,567)
Increase (Decrease) in Stockholders' Equity
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13
Balance at the beginning of the period (in shares) at Jun. 30, 2022				13,971,000
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) Income	(10,388)							(10,388)
Common stock issuance for options exercised, net (in shares)				3,000
Common stock issuance for options exercised, net	33				33
Vesting of restricted stock grants (in shares)				18,000
Stock-based compensation expense	348				348
Balance at the end of the period (in shares) at Sep. 30, 2022				13,992,000
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 Dec. 31, 2022	17,475,109			17,475,000
Balance at the beginning of the period at Dec. 31, 2022	$ 202,382	[1]	$ (2,808)	$ 175	123,886	114,888	$ (2,808)	(36,567)
Increase (Decrease) in Stockholders' Equity
Net income	8,892					8,892
Other Comprehensive (Loss) Income	1,733							1,733
Repurchase of common stock (in shares)				(116,000)
Repurchase of common stock	(1,460)			$ (1)	(1,447)	(12)
Common stock issuance for options exercised, net (in shares)				360,000
Common stock issuance for options exercised, net	1,711			$ 4	1,707
Vesting of restricted stock grants (in shares)				83,000
Vesting of restricted stock grants	(113)				(113)
Stock-based compensation expense	$ 909				909
Balance at the end of the period (in shares) at Sep. 30, 2023	17,802,173			17,802,000
Balance at the end of the period at Sep. 30, 2023	$ 211,246			$ 178	124,942	120,960		(34,834)
Balance at the beginning of the period (in shares) at Jun. 30, 2023				17,783,000
Balance at the beginning of the period at Jun. 30, 2023	211,051			$ 178	124,713	116,922		(30,762)
Increase (Decrease) in Stockholders' Equity
Net income	4,039					4,039
Other Comprehensive (Loss) Income	(4,072)							(4,072)
Repurchase of common stock	(1)					(1)
Vesting of restricted stock grants (in shares)				19,000
Vesting of restricted stock grants	(30)				(30)
Stock-based compensation expense	$ 259				259
Balance at the end of the period (in shares) at Sep. 30, 2023	17,802,173			17,802,000
Balance at the end of the period at Sep. 30, 2023	$ 211,246			$ 178	$ 124,942	$ 120,960		$ (34,834)
[1]Derived from audited consolidated financial statements.

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
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 Bank had made an investment in Atlantic Coast Mortgage, LLC (“ACM”) for $20.4 million. As a result of this investment, the Bank 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. The investment is accounted for using the equity method of accounting. In addition, the Bank provides a warehouse lending facility to ACM, which includes a construction-to-permanant financing line, and has developed portfolio mortgage products to diversify the Bank's held to investment loan portfolio. On December 15, 2022, the Company announced that the Board of Directors approved a five-for-four split of the Company's common stock in the form of a 25% stock dividend for shareholders of record on January 9, 2023, payable on January 31, 2023. Earnings per share and all other per share information reflected in the Company's consolidated financial statements have been adjusted for the five-for-four split of the Company's common stock for comparative purposes. 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, 2022. 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. Allowance for Credit Losses The Company adopted the current expected credit loss model ("CECL") under Accounting Standards Update ("ASU") 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2023. The Company recorded a net reduction of retained earnings of $2.8 million upon adoption. The adoption adjustment included an increase in the allowance for credit losses on loans of $2.9 million in addition to an increase of $800 thousand to the reserve for unfunded commitments. Allowance for Credit Losses - Loans and Unfunded Commitments The allowance for credit losses represents an estimate of the expected credit losses in the Company's held for investment loan portfolio as of a valuation date. Accounting Standards Codification ("ASC") 326 replaced the incurred loss impairment model that recognizes losses when it becomes probable that a credit loss will be incurred, with a requirement to recognize lifetime expected credit losses immediately when a financial asset is originated or purchased. The ACL is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the held for investment loan portfolio. Loans, or portions thereof, are charged off against the allowance for credit losses when they are deemed uncollectible. Expected recoveries are recorded to the extent they do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Reserves on loans that do not share risk characteristics are evaluated on an individual basis. Nonaccrual loans are specifically reviewed for loss potential and when deemed appropriate are assigned a reserve based on an individual evaluation. The remainder of the portfolio, representing all loans not evaluated individually for impairment, is segmented based on call report code and processed through a cash flow valuation model. In particular, loan-level probability of default ("PD") and severity (also referred to as loss given default ("LGD")) is applied to derive a baseline expected loss as of the valuation date. These expected default and severity rates, which are regression-derived and based on peer historical loan-level performance data, are calibrated to incorporate the Company's reasonable and supportable forecast of future losses as well as any necessary qualitative adjustments. Typically, financial institutions use their historical loss experience and trends in losses for each loan segment which are then adjusted for portfolio trends and economic and environmental factors in determining the allowance for credit losses. Since the Bank’s inception in 2007, the Company has experienced minimal loss history within its loan portfolio. Due to the fact that limited internal loss history exists to generate statistical significance, management determined it was most prudent to rely on peer data when deriving its best estimate of PD and LGD. As part of the Company's estimation process, management will continue to assess the reasonableness of the data, assumptions, and model methodology utilized to derive its allowance for credit losses. For each of the modeled loan segments, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speeds, PD rates, and LGD rates. The modeling of expected prepayment speeds is based on internal loan-level historical data. The Company utilizes national unemployment for its reasonable and supportable forecasting of expected default within the cash flow model. To further adjust the allowance for credit losses for expected losses not already within the quantitative component of the calculation, the Company may consider qualitative factors as prescribed in ASC 326. Financial instruments include off-balance sheet credit instruments such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records a reserve for unfunded commitments on off-balance sheet credit exposures through a charge to provision for credit loss expense in its Consolidated Statement of Income. The reserve for unfunded commitments is estimated by call report code segmentation as of the valuation date under the CECL model using the same methodologies as portfolio loans taking utilization rates into consideration. The reserve for unfunded commitments is reflected as a liability on the Company's Consolidated Balance Sheet. The Company's methodology utilized in the estimation of the allowance for credit losses, which is performed at least quarterly, is designed to be dynamic and responsive to changes in its loan portfolio credit quality, composition, and forecasted economic conditions. The review of the reasonableness and appropriateness of the allowance for credit losses is reviewed by the CECL Committee for approval as of the valuation date. Additionally, information is provided to the Board of Directors on a quarterly basis along with the Company's consolidated financial statements. Collateral Dependent Financial Assets Loans that do not share risk characteristics are evaluated on an individual basis. For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the net present value ("NPV") from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset. Allowance for Credit Losses - Securities The Company evaluates its available-for-sale and held-to-maturity debt securities portfolios for expected credit losses as of the valuation date under ASC 326. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or if it is more likely than not that it would be required to sell, the security before recovery of its amortized cost basis. If either criterion is met, the security’s amortized cost basis is written down to fair value through income during the current period. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other driving factors. If the Company's assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, an ACL is recorded for the credit loss (which represents the difference between the expected cash flows and amortized cost basis), limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income. The entire amount of an impairment loss is recognized in earnings only when: (1) the Company intends to sell the security; or (2) it is more likely than not that the Company will have to sell the security before recovery of the Company's amortized cost basis; or (3) the Company does not expect to recover the entire amortized cost basis of the security. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings, with the remaining portion being recognized in shareholders' equity as comprehensive income, net of deferred taxes. Changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance for credit losses when the Company believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Any impairment not recorded through an allowance for credit loss is recognized in other comprehensive income as a noncredit-related impairment. As part of its estimation process, the Company have made a policy election to exclude accrued interest from the amortized cost basis of available-for-sale debt securities and report accrued interest separately in other assets in the Consolidated Balance Sheet. Available-for-sale debt securities are placed on nonaccrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on nonaccrual status. Accordingly, the Company does not recognize an allowance for credit loss against accrued interest receivable. This approach is consistent with the Company's nonaccrual policy implemented for its loan portfolio. The Company separately evaluates its held-to-maturity investment securities for any credit losses. If it determines that a security indicates evidence of deteriorated credit quality, the security is individually-evaluated and a discounted cash flow analysis is performed and compared to the amortized cost basis. As of September 30, 2023, the Company had one security classified as held-to-maturity with an amortized cost basis of $264 thousand with the remainder of the securities portfolio held as available-for-sale. Recent Accounting Pronouncements In March 2020, the Financial Accounting Standards Board ("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 the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. 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. We have certain loans, interest rate swap agreements, investment securities, and debt obligations with interest rates indexed to LIBOR. The administrator of LIBOR announced that the most commonly used U.S. dollar LIBOR settings would cease to be published or cease to be representative after June 30, 2023. Central banks and regulators around the world have commissioned working groups to find suitable replacements for LIBOR and other benchmark rates and to implement financial benchmark reforms more generally. There continues to be uncertainty regarding the use of alternative reference rates ("ARRs"), which may cause disruptions in a variety of markets, as well as adversely impact its business, operations and financial results. The Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, provides a statutory framework to replace LIBOR with a benchmark rate based on Secured Overnight Funding Rate ("SOFR") for contracts governed by U.S. law that have no or ineffective fallbacks. Although governmental authorities have endeavored to facilitate an orderly discontinuation of LIBOR, no assurance can be provided that this aim will be achieved or that the use, level, and volatility of LIBOR or other interest rates, or the value of LIBOR-based securities will not be adversely affected. To facilitate an orderly transition from interbank offered rates and other benchmark rates to ARRs, the Company has established an enterprise-wide initiative led by senior management. The objective of this initiative is to identify, assess and monitor risks associated with the expected discontinuation or unavailability of benchmarks, including LIBOR, achieve operational readiness and engage impacted clients in connection with the transition to ARRs. The Company is assessing ASU 2020-04 and its impact on the Company's transition away from LIBOR for its loan and other financial instruments. In August 2020, the FASB issued ASU 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 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, including the Company, 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 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. In December 2022, the FASB issued ASU 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848". ASU 2022-06 extends the period of time preparers can utilize the reference rate reform relief guidance in Topic 848. The objective of the guidance in Topic 848 is to provide relief during the temporary transition period, so the FASB included a sunset provision within Topic 848 based on expectations of when the LIBOR would would cease being published. In 2021, the administrator of LIBOR delayed the intended cessation date of certain tenors of LIBOR to June 30, 2023. To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, the ASU defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The ASU is effective for all entities upon issuance. The Company is assessing ASU 2022-06 and its impact on the Company's transition away from LIBOR for its loan and other financial instruments. In March 2023, the FASB issued ASU 2023-02, “Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method”. These amendments allow reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. The ASU is effective for public business entities for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for all entities in any interim period. The Company does not expect the adoption of ASU 2023-02 to have a material impact on its consolidated financial statements. Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. This standard is commonly referred to as the current expected credit loss ("CECL") methodology. ASU 2016-13 was effective for the Company on January 1, 2023. The adjustment recorded at adoption to the overall allowance for credit losses, which consisted of adjustments to the allowance for credit losses on loans and reserve for unfunded loan commitments, was $3.7 million. The adjustment, net of tax, recorded to stockholders’ equity totaled $2.8 million at January 1, 2023. 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 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 restructuring ("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. ASU 2022-02 was effective for the Company on January 1, 2023. ASU 2022-02 resulted in no material impact to the Company's 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. ASU 2022-01 was effective for the Company on January 1, 2023. ASU 2022-01 resulted in no material impact to the Company's consolidated financial statements. In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”. The ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with

Securities

Securities	9 Months Ended
	Sep. 30, 2023
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, 2023 and December 31, 2022, are as follows: September 30, 2023 (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 $ 13,559 $ — $ (2,586) $ 10,973 Securities of state and local municipalities tax exempt 1,001 — (18) 983 Securities of state and local municipalities taxable 469 — (62) 407 Corporate bonds 20,206 — (3,316) 16,890 SBA pass-through securities 62 — (6) 56 Mortgage-backed securities 232,724 — (49,046) 183,678 Collateralized mortgage obligations 4,054 — (895) 3,159 Total Available-for-sale Securities $ 272,075 $ — $ (55,929) $ 216,146 December 31, 2022 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ — $ (12) $ 252 Total Held-to-maturity Securities $ 264 $ — $ (12) $ 252 Available-for-sale Securities of U.S. government and federal agencies $ 13,559 $ — $ (2,555) $ 11,004 Securities of state and local municipalities tax exempt 1,385 — (9) 1,376 Securities of state and local municipalities taxable 506 — (62) 444 Corporate bonds 21,212 — (2,154) 19,058 SBA pass-through securities 74 — (7) 67 Mortgage-backed securities 282,858 — (45,424) 237,434 Collateralized mortgage obligations 9,998 — (1,312) 8,686 Total Available-for-sale Securities $ 329,592 $ — $ (51,523) $ 278,069 As a result of the adoption of ASC 326, no allowance for credit losses was recognized as of September 30, 2023 related to the Company's investment portfolio. The Company had $2.2 million and $4.1 million in securities pledged with the Federal Reserve Bank of Richmond ("FRB") to collateralize certain municipal deposits at September 30, 2023 and December 31, 2022, respectively . The Company had $121.4 million in securities pledged with the Virginia Department of Treasury to collateralize certain municipal deposits at September 30, 2023. There were $104.6 million securities pledged to the Virginia Department of Treasury at December 31, 2022. The Company monitors the credit quality of held-to-maturity securities through the use of credit rating. The Company monitors credit rating on a periodic basis. The following table summarizes the amortized cost of held-to-maturity securities at September 30, 2023, aggregated by credit quality indicator: (In thousands) Held-to-maturity September 30, 2023 Securities of state and local municipalities tax exempt Aa3 $ 264 Total $ 264 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, 2023 and December 31, 2022, respectively . One security was held as of September 30, 2023 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 day s during the past twelve-month period. Available-for-sale securities that have been in a continuous unrealized loss position as of September 30, 2023 are as follows: Less Than 12 Months 12 Months or Longer Total (In thousands) At September 30, 2023 Fair Value Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses Securities of U.S. government and federal agencies $ — $ — $ 10,974 $ (2,586) $ 10,974 $ (2,586) Securities of state and local municipalities tax exempt — — 983 (18) 983 (18) Securities of state and local municipalities taxable — — 407 (62) 407 (62) Corporate bonds — — 16,141 (3,316) 16,141 (3,316) SBA pass-through securities — — 55 (6) 55 (6) Mortgage-backed securities — — 183,678 (49,046) 183,678 (49,046) Collateralized mortgage obligations — — 3,158 (895) 3,158 (895) Total $ — $ — $ 215,396 $ (55,929) $ 215,396 $ (55,929) Available-for-sale and held-to-maturity securities that have been in a continuous unrealized loss position as of December 31, 2022 are as follows: (In thousands) Less Than 12 Months 12 Months or Longer Total At December 31, 2022 Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses Securities of U.S. government and federal agencies $ — $ — $ 11,004 $ (2,555) $ 11,004 $ (2,555) Securities of state and local municipalities tax exempt 1,628 (21) — — 1,628 (21) Securities of state and local municipalities taxable — — 444 (62) 444 (62) Corporate bonds 12,344 (1,119) 5,964 (1,035) 18,308 (2,154) SBA pass-through securities — — 67 (7) 67 (7) Mortgage-backed securities 26,486 (1,831) 210,948 (43,593) 237,434 (45,424) Collateralized mortgage obligations 2,601 (238) 6,085 (1,074) 8,686 (1,312) Total $ 43,059 $ (3,209) $ 234,512 $ (48,326) $ 277,571 $ (51,535) 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 loss on two of the investments in securities of state and local municipalities 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. These investments carry an S&P investment grade rating of 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 these 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. The remaining 13 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 57 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 impaired at September 30, 2023. Collateralized mortgage obligations ("CMOs"): The unrealized loss associated with 12 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 impaired at September 30, 2023. The Company has evaluated its available-for-sale investments securities in an unrealized loss position for credit related impairment at September 30, 2023 and December 31, 2022 and concluded no impairment existed based on several factors which included: (1) the majority of these securities are of high credit quality, (2) unrealized losses are primarily the result of market volatility and increases in market interest rates, (3) issuers continue to make timely principal and interest payments, and (4) the Company does not intend to sell any of the investments and the accounting standard of “more likely than not” has not been met for the Company to be required to sell any of the investments before recovery of its amortized cost basis. Additionally, the Company’s mortgage-backed investment securities are primarily guaranteed by the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association and do not have credit risk given the implicit and explicit government guarantees associated with these agencies. In the first quarter of 2023, the Company executed a balance sheet repositioning strategy and sold available-for-sale investment securities with a total book value of $40.3 million at a pre-tax loss of $4.6 million and used the net proceeds to reduce existing high cost short-term FHLB advances and to fund higher yielding newly originated commercial loans. The deleverage strategy provides the Company with improved liquidity, enhanced tangible common equity, and additional run rate earnings. The amortized cost and fair value of securities as of September 30, 2023, 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, 2023 Held-to-maturity Available-for-sale (In thousands) Amortized Cost Fair Value Amortized Cost Fair Value After 1 year through 5 years $ 264 $ 243 $ 5,687 $ 5,068 After 5 years through 10 years — — 31,589 26,052 After 10 years — — 234,799 185,026 Total $ 264 $ 243 $ 272,075 $ 216,146 For the nine months ended September 30, 2023 and 2022, proceeds from principal repayments of securities were $16.6 million and $20.5 million, respectively. During the nine months ended September 30, 2023 and 2022, proceeds from sales, calls and maturities of securities were $35.8 million and zero, respectively. There were $4.6 million gross realized losses during the nine months ended September 30, 2023 and zero for the nine months ended September 30, 2022.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Credit Losses A summary of loan balances by type follows: September 30, 2023 (In thousands) Total Commercial real estate $ 1,097,726 Commercial and industrial 223,651 Commercial construction 154,559 Consumer real estate 367,345 Consumer nonresidential 6,232 $ 1,849,513 Less: Allowance for credit losses 18,849 Loans, net $ 1,830,664 December 31, 2022 (In thousands) Originated Acquired Total Commercial real estate $ 1,085,513 $ 14,748 $ 1,100,261 Commercial and industrial 242,307 2,913 245,220 Commercial construction 147,436 503 147,939 Consumer real estate 322,579 17,012 339,591 Consumer nonresidential 7,661 24 7,685 $ 1,805,496 $ 35,200 $ 1,840,696 Less: Allowance for credit losses 16,040 — 16,040 Unearned income and (unamortized premiums), net 262 — 262 Loans, net $ 1,789,194 $ 35,200 $ 1,824,394 The loan portfolio summary is presented on amortized cost basis as of September 30, 2023. For the year ended December 31, 2022, the loan portfolio is presented at outstanding principal balance. 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 December 31, 2022 is as follows: (In thousands) December 31, 2022 Purchased credit impaired acquired loans evaluated individually for credit losses Outstanding principal balance $ 24 Carrying amount — Other acquired loans Outstanding principal balance 35,604 Carrying amount 35,200 Total acquired loans Outstanding principal balance 35,628 Carrying amount 35,200 The following table presents changes during the year ended December 31, 2022, 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 (197) Reclassification of nonaccretable difference due to changes in expected cash flows 33 Other changes, net 161 Balance at December 31, 2022 $ — An analysis of the allowance for credit losses for the three and nine months ended September 30, 2023 and 2022, and for the year ended December 31, 2022, follows: Allowance for Credit Losses For the Three Months Ended September 30, 2023 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, July 1 $ 11,122 $ 2,865 $ 1,702 $ 3,683 $ 70 $ 19,442 Charge-offs — — — — — — Recoveries — — — — 7 7 Provision (483) (184) (53) 124 (4) (600) Ending Balance, September 30, $ 10,639 $ 2,681 $ 1,649 $ 3,807 $ 73 $ 18,849 Allowance for Credit Losses For the Nine Months Ended September 30, 2023 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, Prior to January 1, 2023 Adoption of ASC 326 $ 10,777 $ 2,623 $ 1,499 $ 1,044 $ 97 $ 16,040 Impact of Adoption of ASC 326 498 452 70 1,856 (12) 2,864 Charge-offs — (350) — — (15) (365) Recoveries — 3 — 1 35 39 Provision (636) (47) 80 906 (32) 271 Ending Balance, September 30, $ 10,639 $ 2,681 $ 1,649 $ 3,807 $ 73 $ 18,849 Allowance for Credit 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 September 30 $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Allowance for Credit 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 September 30 $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Allowance for Credit Losses For the Year Ended December 31, 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) — — (101) (497) Recoveries — — — 1 78 79 Provision 1,782 1,192 (510) 262 (97) 2,629 Ending Balance December 31 $ 10,777 $ 2,623 $ 1,499 $ 1,044 $ 97 $ 16,040 The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of September 30, 2023: (In thousands) Real Estate Business / Other Assets Collateral-Dependent Loans Commercial real estate $ — $ — Commercial and industrial — — Commercial construction — — Consumer real estate 2,292 — Consumer nonresidential — — Total $ 2,292 $ — The following tables present the recorded investment in loans and evaluation method as of September 30, 2022 and at December 31, 2022, by portfolio segment: Allowance for Credit 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 Credit Losses At December 31, 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 $ — $ 86 $ — $ — $ — $ 86 Purchased credit impaired — — — — — — Collectively evaluated for impairment 10,777 2,537 1,499 1,044 97 15,954 $ 10,777 $ 2,623 $ 1,499 $ 1,044 $ 97 $ 16,040 Loans Receivable At December 31, 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 $ 1,703 $ 1,319 $ — $ 1,041 $ — $ 4,063 Purchased credit impaired — — — — — — Collectively evaluated for impairment 1,098,558 243,901 147,939 338,550 7,685 1,836,633 $ 1,100,261 $ 245,220 $ 147,939 $ 339,591 $ 7,685 $ 1,840,696 Impaired loans by class excluding purchased credit impaired at December 31, 2022, are summarized as follows: Impaired Loans – Originated Loan Portfolio (In thousands) Recorded Investment Unpaid Related Average Interest December 31, 2022 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,319 1,329 86 1,604 107 Commercial construction — — — — — Consumer real estate — — — — — Consumer nonresidential — — — — — $ 1,319 $ 1,329 $ 86 $ 1,604 $ 107 December 31, 2022 With no related allowance: Commercial real estate $ 1,703 $ 1,703 $ — $ 1,704 $ 135 Commercial and industrial — — — — — Commercial construction — — — — — Consumer real estate 1,041 1,044 — 1,048 34 Consumer nonresidential — — — — — $ 2,744 $ 2,747 $ — $ 2,752 $ 169 There were no impaired loans in the acquired loan portfolio at December 31, 2022. 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, amortized cost basis of loans by risk category, class and year of origination was as follows as of September 30, 2023: (In thousands) Prior 2019 2020 2021 2022 2023 Revolving Loans Amort. Cost Basis Revolving Loans Convert. to Term Total Commercial Real Estate Grade: Pass $ 351,621 $ 84,975 $ 72,431 $ 148,332 $ 212,269 $ 73,825 $ 154,273 $ — $ 1,097,726 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 351,621 $ 84,975 $ 72,431 $ 148,332 $ 212,269 $ 73,825 $ 154,273 $ — $ 1,097,726 Commercial and Industrial Grade: Pass $ 14,879 $ 2,615 $ 7,862 $ 14,845 $ 72,131 $ 47,834 $ 63,485 $ — $ 223,651 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 14,879 $ 2,615 $ 7,862 $ 14,845 $ 72,131 $ 47,834 $ 63,485 $ — $ 223,651 Commercial Construction Grade: Pass $ 18,183 $ 344 $ — $ 10,441 $ — $ 709 $ 124,882 $ — $ 154,559 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 18,183 $ 344 $ — $ 10,441 $ — $ 709 $ 124,882 $ — $ 154,559 Consumer Real Estate Grade: Pass $ 37,660 $ 8,251 $ 11,726 $ 27,925 $ 198,562 $ 45,501 $ 34,660 $ — $ 364,285 Special mention — — — — 753 — 58 — 811 Substandard 863 — — — 830 — 556 — 2,249 Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 38,523 $ 8,251 $ 11,726 $ 27,925 $ 200,145 $ 45,501 $ 35,274 $ — $ 367,345 Consumer Nonresidential Grade: Pass $ 702 $ — $ 9 $ 4 $ 55 $ 164 $ 5,298 $ — $ 6,232 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 702 $ — $ 9 $ 4 $ 55 $ 164 $ 5,298 $ — $ 6,232 Total Recorded Investment $ 423,908 $ 96,185 $ 92,028 $ 201,547 $ 484,600 $ 168,033 $ 383,212 $ — $ 1,849,513 As of September 30, 2023 – Total Loan Portfolio (In thousands) Total Grade: Pass $ 1,846,453 Special mention 811 Substandard 2,249 Doubtful — Loss — Total Recorded Investment $ 1,849,513 Based on the most recent analysis performed, the risk category of loans by class of loans was as follows as of December 31, 2022: As of December 31, 2022 – Originated Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 1,077,526 $ 237,638 $ 147,436 $ 320,735 $ 7,661 $ 1,790,996 Special mention 6,284 3,350 — 803 — 10,437 Substandard 1,703 1,319 — 1,041 — 4,063 Doubtful — — — — — — Loss — — — — — — Total $ 1,085,513 $ 242,307 $ 147,436 $ 322,579 $ 7,661 $ 1,805,496 As of December 31, 2022 – Acquired Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 14,748 $ 2,913 $ 503 $ 17,012 $ 24 $ 35,200 Special mention — — — — — — Substandard — — — — — — Doubtful — — — — — — Loss — — — — — — Total $ 14,748 $ 2,913 $ 503 $ 17,012 $ 24 $ 35,200 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, 2023, the Company had $811 thousand in loans identified as special mention, a decrease from $10.4 million at December 31, 2022. 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, 2023, the Company had $2.3 million in loans identified as substandard, a decrease of $1.8 million from December 31, 2022. The increase in substandard loans was primarily related to the addition of one loan. 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, 2023, an individually assessed allowance for credit losses totaling $72 thousand has been estimated to supplement any shortfall of collateral. Past due and nonaccrual loans presented by loan class were as follows at September 30, 2023 and December 31, 2022 As of September 30, 2023 (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due loans Current Nonaccruals Total Recorded Investment in Loans Commercial real estate $ 499 $ — $ — $ 499 $ 1,097,227 $ — $ 1,097,726 Commercial and industrial 518 — — 518 223,133 — 223,651 Commercial construction — — — — 154,559 — 154,559 Consumer real estate 686 — 144 830 365,129 1,386 367,345 Consumer nonresidential — — — — 6,232 — 6,232 Total $ 1,703 $ — $ 144 $ 1,847 $ 1,846,280 $ 1,386 $ 1,849,513 As of December 31, 2022 – 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 $ 546 $ — $ 2,096 $ 2,642 $ 1,082,871 $ 1,085,513 $ 393 $ 1,703 Commercial and industrial 512 — 1,319 1,831 240,476 242,307 — 1,319 Commercial construction — — 125 125 147,311 147,436 125 — Consumer real estate 805 — 953 1,758 320,821 322,579 825 128 Consumer nonresidential — 63 — 63 7,598 7,661 — — Total $ 1,863 $ 63 $ 4,493 $ 6,419 $ 1,799,077 $ 1,805,496 $ 1,343 $ 3,150 As of December 31, 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 $ — $ — $ — $ — $ 14,748 $ 14,748 $ — $ — Commercial and industrial — — — — 2,913 2,913 — — Commercial construction — — — — 503 503 — — Consumer real estate — — — — 17,012 17,012 — — Consumer nonresidential — — — — 24 24 — — Total $ — $ — $ — $ — $ 35,200 $ 35,200 $ — $ — The following presents nonaccrual loans as of September 30, 2023: (dollars in thousands) Nonaccrual with No Allowance for Credit Losses Nonaccrual with an Allowance for Credit Losses Total Nonaccrual Loans Interest Income Recognized Nonaccrual Loans Commercial real estate $ — $ — $ — $ — Commercial and industrial — — — — Commercial construction — — — — Consumer real estate 1,386 — 1,386 58 Consumer nonresidential — — — — Total $ 1,386 $ — $ 1,386 $ 58 There were no consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process as of September 30, 2023 and December 31, 2022, respectively. There were overdrafts of $133 thousand and $1.3 million at September 30, 2023 and December 31, 2022, respectively, which have been reclassified from deposits to loans. At September 30, 2023 and December 31, 2022, loans with a carrying value of $566.9 million and $458.7 million, respectively, were pledged to the FHLB. Modifications with Borrowers Experiencing Financial Difficulty On January 1, 2023, the Company adopted ASU 2022-02, which eliminates the accounting guidance for TDRs and enhances the disclosure requirements for certain loan modifications when a borrower is experiencing financial difficulty ("FDMs"). FDMs occur as a result of loss mitigation activities. A variety of solutions are offered to borrowers, including loan modifications that may result in principal forgiveness, interest rate reductions, term extensions, payment delays, repayment plans or combinations thereof. FDMs exclude loans held for sale and loans accounted for under the fair value option. Loans with guarantor support, or guaranteed loans are included in the Company's disclosed population of FDMs when those loan modifications are granted to a borrower experiencing financial difficulty. There were 5 loans of $8.1 million modified during the the nine months ended September 30, 2023 with a combination of payment delays and contractual extension to the maturity of the loan. No loans were modified with principal and interest forgiveness or an interest rate reduction. All loans modified during the nine month ended September 30, 2023 are performing according the modified contractual terms. Prior to the adoption of ASC 326, the Company had zero reserves for unfunded commitments as of December 31, 2022. Upon adoption of ASC 326, the Company established a reserve for unfunded commitments of $811 thousand as of January 1, 2023. As of September 30, 2023, the reserve for unfunded commitments increased to $673 thousand. The following table presents a breakdown of the provision for credit losses included in the Consolidated Statements of Income for the applicable periods: For the Three Months Ended For the Nine Months Ended (In thousands) September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Provision for (reversal of) credit losses - loans $ (600) $ 365 $ 271 $ 1,900 Provision for (reversal of) credit losses - unfunded commitments (129) — (139) — Total provision for credit losses $ (729) $ 365 $ 132 $ 1,900

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2023
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, 2023 and December 31, 2022. 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, 2023, the Company had entered into 17 interest rate swap agreements which are collateralized with $30 thousand in cash. There were 15 interest rate swap agreements outstanding as of December 31, 2022 which were collateralized with $30 thousand in cash. The notional amount and fair value of the Company’s derivative financial instruments as of September 30, 2023 and December 31, 2022 were as follows: September 30, 2023 Notional Amount Fair Value (In thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 82,965 $ 5,758 Pay Fixed/Receive Variable Swaps 82,965 (5,758) December 31, 2022 Notional Amount Fair Value (In thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 74,178 $ 4,260 Pay Fixed/Receive Variable Swaps 74,178 (4,260) 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, 2023 and December 31, 2022, the information pertaining to outstanding interest rate swap agreements used to hedge variability in cash flows was as follows: (In thousands) September 30, 2023 December 31, 2022 Notional amount $ 250,000 $ 145,000 Weighted average pay rate 3.25% 2.12% Weighted average receive rate 5.31% 4.74% Weighted average maturity in years 4.28 3.49 Unrealized gain relating to interest rate swaps $ 10,879 $ 4,251 These agreements provided for the Company to receive payments determined by a specific index in exchange for making payments at a fixed rate. At September 30, 2023 and December 31, 2022, the unrealized gain 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 income. These amounts are subsequently reclassified into interest expense as a yield adjustment in the same period in which the related interest on the funding affects earnings. The Company measures cash flow hedging relationships for effectiveness on a monthly basis, and at September 30, 2023 and December 31, 2022, 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, 2023
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, 2023 and December 31, 2022, the following financial instruments were outstanding, which contract amounts represent credit risk: (In thousands) September 30, 2023 December 31, 2022 Commitments to grant loans $ 8,580 $ 135,441 Unused commitments to fund loans and lines of credit 217,363 235,617 Commercial and standby letters of credit 6,197 6,503 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 $3.1 million and $1.4 million at September 30, 2023 and December 31, 2022, respectively.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	9 Months Ended
	Sep. 30, 2023
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 the 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 a contractual term of ten years. At September 30, 2023, 148,125 shares were available to grant under the Plan. No options were granted during the three months ended September 30, 2023 and 2022, respectively. For the nine months ended September 30, 2023, there were 63,634 shares withheld from issuance upon exercise of options in order to cover the cost of the exercise by the participant. There were 4,772 shares withheld from issuance upon exercise of options in order to cover the cost of the exercise by the participant during the nine months ended September 30, 2022. A summary of option activity under the Plan as of September 30, 2023 and changes during the nine months ended is presented below: Options Number Weighted- Weighted- Aggregate Intrinsic Value (1) Outstanding at January 1, 2023 1,621,920 $ 6.82 1.81 Granted — Exercised (423,380) 5.97 Forfeited or expired (20,437) 5.73 Outstanding and Exercisable at September 30, 2023 1,178,103 $ 7.15 1.56 $ 6,671,990 (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, 2023. This amount changes based on changes in the market value of the Company’s common stock. As of September 30, 2023, all outstanding stock options granted under the Plan are fully vested and amortized. There was $0 thousand in in come 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, 2023. There was $31 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. Tax benefits recognized in the income statement for share-based compensation arrangements during the nine months ended September 30, 2023 and 2022 totaled $479 thousand and $235 thousand, respectively. Restricted stock units relating to 9,438 shares were granted during the nine months ended September 30, 2023. There were 119,720 restricted stock units granted during the three months ended September 30, 2022. For the nine months ended September 30, 2023, there were 10,071 shares withheld from issuance upon vesting of restricted stock units in order to cover the cost of the vesting by the participant. There were no shares withheld from issuance upon vesting of restricted stock units in order to cover the cost of the vesting by the participant during the nine months ended September 30, 2022. A summary of the Company’s restricted stock unit grant activity as of September 30, 2023 is shown below. Number of Weighted Average Grant Date Nonvested at January 1, 2023 278,245 $ 14.63 Granted 9,438 10.55 Vested (92,360) 14.69 Forfeited (12,262) 15.42 Balance at September 30, 2023 183,061 $ 14.34 The compensation cost that has been charged to income for the Plan was $259 thousand and $348 thousand for the three months ended September 30, 2023 and 2022, respectively. As of September 30, 2023, there was $2.2 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 28 months.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
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 loan interest rate swap derivatives and interest rate swap derivatives on certain time deposits and borrowings, which the latter are designated as cash flow hedges. These derivatives 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, 2023 and December 31, 2022: Fair Value Measurements at September 30, 2023 Using (In thousands) Balance as of September 30, 2023 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 $ 10,973 $ — $ 10,973 $ — Securities of state and local municipalities tax exempt 983 — 983 — Securities of state and local municipalities taxable 407 — 407 — Corporate bonds 16,890 — 16,890 — SBA pass-through securities 56 — 56 — Mortgage-backed securities 183,678 — 183,678 — Collateralized mortgage obligations 3,159 — 3,159 — Total Available-for-Sale Securities $ 216,146 $ — $ 216,146 $ — Derivative assets - interest rate swaps $ 5,758 $ — $ 5,758 $ — Derivative assets - cash flow hedge 10,879 — 10,879 — Liabilities Derivative liabilities - interest rate swaps 5,758 — 5,758 — Fair Value Measurements at December 31, 2022 Using (In thousands) Balance as of December 31, 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 $ 11,004 $ — $ 11,004 $ — Securities of state and local municipalities tax exempt 1,376 — 1,376 — Securities of state and local municipalities taxable 444 — 444 — Corporate bonds 19,058 — 19,058 — SBA pass-through securities 67 — 67 — Mortgage-backed securities 237,434 — 237,434 — Collateralized mortgage obligations 8,686 — 8,686 — Total Available-for-Sale Securities $ 278,069 $ — $ 278,069 $ — Derivative assets - interest rate swaps $ 4,260 $ — $ 4,260 $ — Derivative assets - cash flow hedge 4,251 — 4,251 — Liabilities Derivative liabilities - interest rate swaps 4,260 — 4,260 — 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: At September 30, 2023, all of the Company's individually evaluated loans were evaluated based upon the fair value of the collateral. In accordance with ASC 820, individually evaluated loans where an allowance is established based on the the fair value of collateral (i.e., those loans that are collateral dependent) require classification in the fair value hierarchy. 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 (prior to adoption of ASC 326) : 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 credit losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as provision for credit 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, 2023 and December 31, 2022: Fair Value Measurements Using (In thousands) Balance as of September 30, 2023 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Collateral-dependent loans Commercial real estate $ 708 $ — $ — $ 708 Total Collateral-dependent loans $ 708 $ — $ — $ 708 Fair Value Measurements Using (In thousands) Balance as of December 31, 2022 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Impaired loans Commercial and industrial $ 1,233 $ — $ — $ 1,233 Total Impaired loans $ 1,233 $ — $ — $ 1,233 The following table displays quantitative information about Level 3 Fair Value Measurements for September 30, 2023 and December 31, 2022: Quantitative information about Level 3 Fair Value Measurements for September 30, 2023 (Dollars In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Collateral-dependent loans Commercial real estate $ 708 Discounted appraised value Marketability/Selling costs 8.00% - 9.42% 9.42 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2022 (Dollars In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans Commercial and industrial $ 1,233 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, 2023 and December 31, 2022. Fair values for September 30, 2023 and December 31, 2022 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, 2023, 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 $ 7,560 $ 7,560 $ — $ — Interest-bearing deposits at other institutions 89,440 89,440 — — Securities held-to-maturity 264 — 243 — Securities available-for-sale 216,146 — 216,146 — Restricted stock 7,745 — 7,745 — Loans, net 1,830,664 — — 1,725,171 Bank owned life insurance 56,438 — 56,438 — Accrued interest receivable 10,151 — 10,151 — Derivative assets - interest rate swaps 5,758 — 5,758 — Derivative assets - cash flow hedge 10,879 — 10,879 — Financial liabilities: Checking, savings and money market accounts $ 1,331,675 $ — $ 1,331,675 $ — Time deposits 664,296 — 663,207 — FHLB advances 50,000 — 50,000 — Subordinated notes 19,606 — 18,763 — Accrued interest payable 3,033 — 3,033 — Derivative liabilities - interest rate swaps 5,758 — 5,758 — Fair Value Measurements as of December 31, 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 $ 7,253 $ 7,253 $ — $ — Interest-bearing deposits at other institutions 74,300 74,300 — — Securities held-to-maturity 264 — 252 — Securities available-for-sale 278,069 — 278,069 — Restricted stock 15,612 — 15,612 — Loans, net 1,824,394 — — 1,756,984 Bank owned life insurance 55,371 — 55,371 — Accrued interest receivable 9,435 — 9,435 — Derivative assets - interest rate swaps 4,260 — 4,260 — Derivative assets - cash flow hedge 4,251 — 4,251 — Financial liabilities: Checking, savings and money market accounts $ 1,321,749 $ — $ 1,321,749 $ — Time deposits 508,413 — 510,754 — Fed funds purchased 30,000 — 30,000 — FHLB advances 235,000 — 235,000 — Subordinated notes 19,565 — 18,856 — Accrued interest payable 1,269 — 1,269 — Derivative liabilities - interest rate swaps 4,260 — 4,260 —

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022, respectively. The following shows the weighted average number of shares used in computing earnings per share and the effect of weighted average number of shares of dilutive potential common stock. Dilutive potential common stock has no effect on income available to common stockholders. There were 9,327 restricted stock units excluded from weighted average dilutive shares for the three and nine months ended September 30, 2023 as the shares were anti-dilutive. There were no anti-dilutive shares for three and nine month periods ended September 30, 2022. Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2023 2022 2023 2022 Net income $ 4,039 $ 7,043 $ 8,892 $ 20,080 Weighted average number of shares 17,800 17,485 17,696 17,413 Effect of dilutive securities, restricted stock units and options 474 980 514 1,069 Weighted average diluted shares 18,274 18,465 18,210 18,482 Basic EPS $ 0.23 $ 0.40 $ 0.50 $ 1.15 Diluted EPS $ 0.22 $ 0.38 $ 0.49 $ 1.09

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022 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, 2023 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ (36,316) $ 5,554 $ (30,762) Net unrealized (losses) gains during the period (7,046) 2,974 (4,072) Other comprehensive (loss) income, net of tax (7,046) 2,974 (4,072) Balance, end of period $ (43,362) $ 8,528 $ (34,834) (In thousands) Nine Months Ended September 30, 2023 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ (39,926) $ 3,359 $ (36,567) Net unrealized (losses) gains during the period (7,018) 5,169 (1,849) Net reclassification adjustment for losses realized in income 3,582 — 3,582 Other comprehensive (loss) income, net of tax (3,436) 5,169 1,733 Balance, end of period $ (43,362) $ 8,528 $ (34,834) (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 (loss) income, net of tax (41,433) 3,896 (37,537) Balance, end of period $ (43,416) $ 3,836 $ (39,580)

Subordinated Notes

Subordinated Notes	9 Months Ended
	Sep. 30, 2023
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, 2023
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 months and nine months ended September 30, 2023 and 2022, respectively: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Non-interest Income In-scope of Topic 606 Service Charges on Deposit Accounts $ 284 $ 241 $ 731 $ 706 Fees, Exchange, and Other Service Charges 98 101 269 282 Other income 13 8 90 97 Non-interest Income (in-scope of Topic 606) 395 350 1,090 1,085 Non-interest Income (out-scope of Topic 606) (170) 225 (4,601) 1,759 Total Non-interest Income $ 225 $ 575 $ (3,511) $ 2,844 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, 2023 and 2022, 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 three months ended September 30, 2023 or 2022.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022. For the Nine Months Ended September 30, (In thousands) 2023 2022 Supplemental Disclosure of Cash Flow Information: Cash paid for: Interest on deposits and borrowed funds $ 36,421 $ 8,158 Income taxes 2,360 6,283 Noncash investing and financing activities: Unrealized (loss) on securities available-for-sale (4,406) (52,447) Unrealized gain on interest rate swaps 6,627 4,932 Adoption of CECL accounting standard (2,808) — Right-of-use assets obtained in the exchange for lease liabilities during the current period 397 522

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
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, 2022. 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.
Allowance for Credit Losses	Allowance for Credit Losses The Company adopted the current expected credit loss model ("CECL") under Accounting Standards Update ("ASU") 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2023. The Company recorded a net reduction of retained earnings of $2.8 million upon adoption. The adoption adjustment included an increase in the allowance for credit losses on loans of $2.9 million in addition to an increase of $800 thousand to the reserve for unfunded commitments. Allowance for Credit Losses - Loans and Unfunded Commitments The allowance for credit losses represents an estimate of the expected credit losses in the Company's held for investment loan portfolio as of a valuation date. Accounting Standards Codification ("ASC") 326 replaced the incurred loss impairment model that recognizes losses when it becomes probable that a credit loss will be incurred, with a requirement to recognize lifetime expected credit losses immediately when a financial asset is originated or purchased. The ACL is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the held for investment loan portfolio. Loans, or portions thereof, are charged off against the allowance for credit losses when they are deemed uncollectible. Expected recoveries are recorded to the extent they do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Reserves on loans that do not share risk characteristics are evaluated on an individual basis. Nonaccrual loans are specifically reviewed for loss potential and when deemed appropriate are assigned a reserve based on an individual evaluation. The remainder of the portfolio, representing all loans not evaluated individually for impairment, is segmented based on call report code and processed through a cash flow valuation model. In particular, loan-level probability of default ("PD") and severity (also referred to as loss given default ("LGD")) is applied to derive a baseline expected loss as of the valuation date. These expected default and severity rates, which are regression-derived and based on peer historical loan-level performance data, are calibrated to incorporate the Company's reasonable and supportable forecast of future losses as well as any necessary qualitative adjustments. Typically, financial institutions use their historical loss experience and trends in losses for each loan segment which are then adjusted for portfolio trends and economic and environmental factors in determining the allowance for credit losses. Since the Bank’s inception in 2007, the Company has experienced minimal loss history within its loan portfolio. Due to the fact that limited internal loss history exists to generate statistical significance, management determined it was most prudent to rely on peer data when deriving its best estimate of PD and LGD. As part of the Company's estimation process, management will continue to assess the reasonableness of the data, assumptions, and model methodology utilized to derive its allowance for credit losses. For each of the modeled loan segments, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speeds, PD rates, and LGD rates. The modeling of expected prepayment speeds is based on internal loan-level historical data. The Company utilizes national unemployment for its reasonable and supportable forecasting of expected default within the cash flow model. To further adjust the allowance for credit losses for expected losses not already within the quantitative component of the calculation, the Company may consider qualitative factors as prescribed in ASC 326. Financial instruments include off-balance sheet credit instruments such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records a reserve for unfunded commitments on off-balance sheet credit exposures through a charge to provision for credit loss expense in its Consolidated Statement of Income. The reserve for unfunded commitments is estimated by call report code segmentation as of the valuation date under the CECL model using the same methodologies as portfolio loans taking utilization rates into consideration. The reserve for unfunded commitments is reflected as a liability on the Company's Consolidated Balance Sheet. The Company's methodology utilized in the estimation of the allowance for credit losses, which is performed at least quarterly, is designed to be dynamic and responsive to changes in its loan portfolio credit quality, composition, and forecasted economic conditions. The review of the reasonableness and appropriateness of the allowance for credit losses is reviewed by the CECL Committee for approval as of the valuation date. Additionally, information is provided to the Board of Directors on a quarterly basis along with the Company's consolidated financial statements. Collateral Dependent Financial Assets Loans that do not share risk characteristics are evaluated on an individual basis. For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the net present value ("NPV") from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset. Allowance for Credit Losses - Securities The Company evaluates its available-for-sale and held-to-maturity debt securities portfolios for expected credit losses as of the valuation date under ASC 326. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or if it is more likely than not that it would be required to sell, the security before recovery of its amortized cost basis. If either criterion is met, the security’s amortized cost basis is written down to fair value through income during the current period. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other driving factors. If the Company's assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, an ACL is recorded for the credit loss (which represents the difference between the expected cash flows and amortized cost basis), limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income. The entire amount of an impairment loss is recognized in earnings only when: (1) the Company intends to sell the security; or (2) it is more likely than not that the Company will have to sell the security before recovery of the Company's amortized cost basis; or (3) the Company does not expect to recover the entire amortized cost basis of the security. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings, with the remaining portion being recognized in shareholders' equity as comprehensive income, net of deferred taxes. Changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance for credit losses when the Company believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Any impairment not recorded through an allowance for credit loss is recognized in other comprehensive income as a noncredit-related impairment. As part of its estimation process, the Company have made a policy election to exclude accrued interest from the amortized cost basis of available-for-sale debt securities and report accrued interest separately in other assets in the Consolidated Balance Sheet. Available-for-sale debt securities are placed on nonaccrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on nonaccrual status. Accordingly, the Company does not recognize an allowance for credit loss against accrued interest receivable. This approach is consistent with the Company's nonaccrual policy implemented for its loan portfolio.
Recent Accounting Pronouncements and Recently Adopted Accounting Pronouncements	Recent Accounting Pronouncements In March 2020, the Financial Accounting Standards Board ("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 the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. 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. We have certain loans, interest rate swap agreements, investment securities, and debt obligations with interest rates indexed to LIBOR. The administrator of LIBOR announced that the most commonly used U.S. dollar LIBOR settings would cease to be published or cease to be representative after June 30, 2023. Central banks and regulators around the world have commissioned working groups to find suitable replacements for LIBOR and other benchmark rates and to implement financial benchmark reforms more generally. There continues to be uncertainty regarding the use of alternative reference rates ("ARRs"), which may cause disruptions in a variety of markets, as well as adversely impact its business, operations and financial results. The Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, provides a statutory framework to replace LIBOR with a benchmark rate based on Secured Overnight Funding Rate ("SOFR") for contracts governed by U.S. law that have no or ineffective fallbacks. Although governmental authorities have endeavored to facilitate an orderly discontinuation of LIBOR, no assurance can be provided that this aim will be achieved or that the use, level, and volatility of LIBOR or other interest rates, or the value of LIBOR-based securities will not be adversely affected. To facilitate an orderly transition from interbank offered rates and other benchmark rates to ARRs, the Company has established an enterprise-wide initiative led by senior management. The objective of this initiative is to identify, assess and monitor risks associated with the expected discontinuation or unavailability of benchmarks, including LIBOR, achieve operational readiness and engage impacted clients in connection with the transition to ARRs. The Company is assessing ASU 2020-04 and its impact on the Company's transition away from LIBOR for its loan and other financial instruments. In August 2020, the FASB issued ASU 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 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, including the Company, 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 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. In December 2022, the FASB issued ASU 2022-06, "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848". ASU 2022-06 extends the period of time preparers can utilize the reference rate reform relief guidance in Topic 848. The objective of the guidance in Topic 848 is to provide relief during the temporary transition period, so the FASB included a sunset provision within Topic 848 based on expectations of when the LIBOR would would cease being published. In 2021, the administrator of LIBOR delayed the intended cessation date of certain tenors of LIBOR to June 30, 2023. To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, the ASU defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The ASU is effective for all entities upon issuance. The Company is assessing ASU 2022-06 and its impact on the Company's transition away from LIBOR for its loan and other financial instruments. In March 2023, the FASB issued ASU 2023-02, “Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method”. These amendments allow reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. The ASU is effective for public business entities for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for all entities in any interim period. The Company does not expect the adoption of ASU 2023-02 to have a material impact on its consolidated financial statements. Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. This standard is commonly referred to as the current expected credit loss ("CECL") methodology. ASU 2016-13 was effective for the Company on January 1, 2023. The adjustment recorded at adoption to the overall allowance for credit losses, which consisted of adjustments to the allowance for credit losses on loans and reserve for unfunded loan commitments, was $3.7 million. The adjustment, net of tax, recorded to stockholders’ equity totaled $2.8 million at January 1, 2023. 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 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 restructuring ("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. ASU 2022-02 was effective for the Company on January 1, 2023. ASU 2022-02 resulted in no material impact to the Company's 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. ASU 2022-01 was effective for the Company on January 1, 2023. ASU 2022-01 resulted in no material impact to the Company's consolidated financial statements. In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”. The ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and December 31, 2022, are as follows: September 30, 2023 (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 $ 13,559 $ — $ (2,586) $ 10,973 Securities of state and local municipalities tax exempt 1,001 — (18) 983 Securities of state and local municipalities taxable 469 — (62) 407 Corporate bonds 20,206 — (3,316) 16,890 SBA pass-through securities 62 — (6) 56 Mortgage-backed securities 232,724 — (49,046) 183,678 Collateralized mortgage obligations 4,054 — (895) 3,159 Total Available-for-sale Securities $ 272,075 $ — $ (55,929) $ 216,146 December 31, 2022 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ — $ (12) $ 252 Total Held-to-maturity Securities $ 264 $ — $ (12) $ 252 Available-for-sale Securities of U.S. government and federal agencies $ 13,559 $ — $ (2,555) $ 11,004 Securities of state and local municipalities tax exempt 1,385 — (9) 1,376 Securities of state and local municipalities taxable 506 — (62) 444 Corporate bonds 21,212 — (2,154) 19,058 SBA pass-through securities 74 — (7) 67 Mortgage-backed securities 282,858 — (45,424) 237,434 Collateralized mortgage obligations 9,998 — (1,312) 8,686 Total Available-for-sale Securities $ 329,592 $ — $ (51,523) $ 278,069
Summary of amortized cost of held-to-maturity securities credit quality indicator	The Company monitors the credit quality of held-to-maturity securities through the use of credit rating. The Company monitors credit rating on a periodic basis. The following table summarizes the amortized cost of held-to-maturity securities at September 30, 2023, aggregated by credit quality indicator: (In thousands) Held-to-maturity September 30, 2023 Securities of state and local municipalities tax exempt Aa3 $ 264 Total $ 264
Schedule of available-for-sale securities that have been in a continuous unrealized loss position	Available-for-sale securities that have been in a continuous unrealized loss position as of September 30, 2023 are as follows: Less Than 12 Months 12 Months or Longer Total (In thousands) At September 30, 2023 Fair Value Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses Securities of U.S. government and federal agencies $ — $ — $ 10,974 $ (2,586) $ 10,974 $ (2,586) Securities of state and local municipalities tax exempt — — 983 (18) 983 (18) Securities of state and local municipalities taxable — — 407 (62) 407 (62) Corporate bonds — — 16,141 (3,316) 16,141 (3,316) SBA pass-through securities — — 55 (6) 55 (6) Mortgage-backed securities — — 183,678 (49,046) 183,678 (49,046) Collateralized mortgage obligations — — 3,158 (895) 3,158 (895) Total $ — $ — $ 215,396 $ (55,929) $ 215,396 $ (55,929) Available-for-sale and held-to-maturity securities that have been in a continuous unrealized loss position as of December 31, 2022 are as follows: (In thousands) Less Than 12 Months 12 Months or Longer Total At December 31, 2022 Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses Securities of U.S. government and federal agencies $ — $ — $ 11,004 $ (2,555) $ 11,004 $ (2,555) Securities of state and local municipalities tax exempt 1,628 (21) — — 1,628 (21) Securities of state and local municipalities taxable — — 444 (62) 444 (62) Corporate bonds 12,344 (1,119) 5,964 (1,035) 18,308 (2,154) SBA pass-through securities — — 67 (7) 67 (7) Mortgage-backed securities 26,486 (1,831) 210,948 (43,593) 237,434 (45,424) Collateralized mortgage obligations 2,601 (238) 6,085 (1,074) 8,686 (1,312) Total $ 43,059 $ (3,209) $ 234,512 $ (48,326) $ 277,571 $ (51,535)
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, 2023, 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, 2023 Held-to-maturity Available-for-sale (In thousands) Amortized Cost Fair Value Amortized Cost Fair Value After 1 year through 5 years $ 264 $ 243 $ 5,687 $ 5,068 After 5 years through 10 years — — 31,589 26,052 After 10 years — — 234,799 185,026 Total $ 264 $ 243 $ 272,075 $ 216,146

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule of loan balances	A summary of loan balances by type follows: September 30, 2023 (In thousands) Total Commercial real estate $ 1,097,726 Commercial and industrial 223,651 Commercial construction 154,559 Consumer real estate 367,345 Consumer nonresidential 6,232 $ 1,849,513 Less: Allowance for credit losses 18,849 Loans, net $ 1,830,664 December 31, 2022 (In thousands) Originated Acquired Total Commercial real estate $ 1,085,513 $ 14,748 $ 1,100,261 Commercial and industrial 242,307 2,913 245,220 Commercial construction 147,436 503 147,939 Consumer real estate 322,579 17,012 339,591 Consumer nonresidential 7,661 24 7,685 $ 1,805,496 $ 35,200 $ 1,840,696 Less: Allowance for credit losses 16,040 — 16,040 Unearned income and (unamortized premiums), net 262 — 262 Loans, net $ 1,789,194 $ 35,200 $ 1,824,394
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 December 31, 2022 is as follows: (In thousands) December 31, 2022 Purchased credit impaired acquired loans evaluated individually for credit losses Outstanding principal balance $ 24 Carrying amount — Other acquired loans Outstanding principal balance 35,604 Carrying amount 35,200 Total acquired loans Outstanding principal balance 35,628 Carrying amount 35,200
Schedule of accretable yield on purchased credit impaired loans	The following table presents changes during the year ended December 31, 2022, 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 (197) Reclassification of nonaccretable difference due to changes in expected cash flows 33 Other changes, net 161 Balance at December 31, 2022 $ —
Schedule of allowance for credit losses	An analysis of the allowance for credit losses for the three and nine months ended September 30, 2023 and 2022, and for the year ended December 31, 2022, follows: Allowance for Credit Losses For the Three Months Ended September 30, 2023 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, July 1 $ 11,122 $ 2,865 $ 1,702 $ 3,683 $ 70 $ 19,442 Charge-offs — — — — — — Recoveries — — — — 7 7 Provision (483) (184) (53) 124 (4) (600) Ending Balance, September 30, $ 10,639 $ 2,681 $ 1,649 $ 3,807 $ 73 $ 18,849 Allowance for Credit Losses For the Nine Months Ended September 30, 2023 (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Allowance for credit losses: Beginning Balance, Prior to January 1, 2023 Adoption of ASC 326 $ 10,777 $ 2,623 $ 1,499 $ 1,044 $ 97 $ 16,040 Impact of Adoption of ASC 326 498 452 70 1,856 (12) 2,864 Charge-offs — (350) — — (15) (365) Recoveries — 3 — 1 35 39 Provision (636) (47) 80 906 (32) 271 Ending Balance, September 30, $ 10,639 $ 2,681 $ 1,649 $ 3,807 $ 73 $ 18,849 Allowance for Credit 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 September 30 $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Allowance for Credit 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 September 30 $ 10,429 $ 2,132 $ 1,600 $ 1,038 $ 114 $ 15,313 Allowance for Credit Losses For the Year Ended December 31, 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) — — (101) (497) Recoveries — — — 1 78 79 Provision 1,782 1,192 (510) 262 (97) 2,629 Ending Balance December 31 $ 10,777 $ 2,623 $ 1,499 $ 1,044 $ 97 $ 16,040 The following table presents a breakdown of the provision for credit losses included in the Consolidated Statements of Income for the applicable periods: For the Three Months Ended For the Nine Months Ended (In thousands) September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Provision for (reversal of) credit losses - loans $ (600) $ 365 $ 271 $ 1,900 Provision for (reversal of) credit losses - unfunded commitments (129) — (139) — Total provision for credit losses $ (729) $ 365 $ 132 $ 1,900
Schedule of amortized cost basis of loans by class of loans	The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of September 30, 2023: (In thousands) Real Estate Business / Other Assets Collateral-Dependent Loans Commercial real estate $ — $ — Commercial and industrial — — Commercial construction — — Consumer real estate 2,292 — Consumer nonresidential — — Total $ 2,292 $ —
Schedule of recorded investment in loans and evaluation by portfolio segment	The following tables present the recorded investment in loans and evaluation method as of September 30, 2022 and at December 31, 2022, by portfolio segment: Allowance for Credit 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 Credit Losses At December 31, 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 $ — $ 86 $ — $ — $ — $ 86 Purchased credit impaired — — — — — — Collectively evaluated for impairment 10,777 2,537 1,499 1,044 97 15,954 $ 10,777 $ 2,623 $ 1,499 $ 1,044 $ 97 $ 16,040 Loans Receivable At December 31, 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 $ 1,703 $ 1,319 $ — $ 1,041 $ — $ 4,063 Purchased credit impaired — — — — — — Collectively evaluated for impairment 1,098,558 243,901 147,939 338,550 7,685 1,836,633 $ 1,100,261 $ 245,220 $ 147,939 $ 339,591 $ 7,685 $ 1,840,696
Schedule of impaired loans	Impaired loans by class excluding purchased credit impaired at December 31, 2022, are summarized as follows: Impaired Loans – Originated Loan Portfolio (In thousands) Recorded Investment Unpaid Related Average Interest December 31, 2022 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,319 1,329 86 1,604 107 Commercial construction — — — — — Consumer real estate — — — — — Consumer nonresidential — — — — — $ 1,319 $ 1,329 $ 86 $ 1,604 $ 107 December 31, 2022 With no related allowance: Commercial real estate $ 1,703 $ 1,703 $ — $ 1,704 $ 135 Commercial and industrial — — — — — Commercial construction — — — — — Consumer real estate 1,041 1,044 — 1,048 34 Consumer nonresidential — — — — — $ 2,744 $ 2,747 $ — $ 2,752 $ 169
Schedule of risk category of loans	Based on the most recent analysis performed, amortized cost basis of loans by risk category, class and year of origination was as follows as of September 30, 2023: (In thousands) Prior 2019 2020 2021 2022 2023 Revolving Loans Amort. Cost Basis Revolving Loans Convert. to Term Total Commercial Real Estate Grade: Pass $ 351,621 $ 84,975 $ 72,431 $ 148,332 $ 212,269 $ 73,825 $ 154,273 $ — $ 1,097,726 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 351,621 $ 84,975 $ 72,431 $ 148,332 $ 212,269 $ 73,825 $ 154,273 $ — $ 1,097,726 Commercial and Industrial Grade: Pass $ 14,879 $ 2,615 $ 7,862 $ 14,845 $ 72,131 $ 47,834 $ 63,485 $ — $ 223,651 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 14,879 $ 2,615 $ 7,862 $ 14,845 $ 72,131 $ 47,834 $ 63,485 $ — $ 223,651 Commercial Construction Grade: Pass $ 18,183 $ 344 $ — $ 10,441 $ — $ 709 $ 124,882 $ — $ 154,559 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 18,183 $ 344 $ — $ 10,441 $ — $ 709 $ 124,882 $ — $ 154,559 Consumer Real Estate Grade: Pass $ 37,660 $ 8,251 $ 11,726 $ 27,925 $ 198,562 $ 45,501 $ 34,660 $ — $ 364,285 Special mention — — — — 753 — 58 — 811 Substandard 863 — — — 830 — 556 — 2,249 Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 38,523 $ 8,251 $ 11,726 $ 27,925 $ 200,145 $ 45,501 $ 35,274 $ — $ 367,345 Consumer Nonresidential Grade: Pass $ 702 $ — $ 9 $ 4 $ 55 $ 164 $ 5,298 $ — $ 6,232 Special mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total $ 702 $ — $ 9 $ 4 $ 55 $ 164 $ 5,298 $ — $ 6,232 Total Recorded Investment $ 423,908 $ 96,185 $ 92,028 $ 201,547 $ 484,600 $ 168,033 $ 383,212 $ — $ 1,849,513 As of September 30, 2023 – Total Loan Portfolio (In thousands) Total Grade: Pass $ 1,846,453 Special mention 811 Substandard 2,249 Doubtful — Loss — Total Recorded Investment $ 1,849,513 Based on the most recent analysis performed, the risk category of loans by class of loans was as follows as of December 31, 2022: As of December 31, 2022 – Originated Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 1,077,526 $ 237,638 $ 147,436 $ 320,735 $ 7,661 $ 1,790,996 Special mention 6,284 3,350 — 803 — 10,437 Substandard 1,703 1,319 — 1,041 — 4,063 Doubtful — — — — — — Loss — — — — — — Total $ 1,085,513 $ 242,307 $ 147,436 $ 322,579 $ 7,661 $ 1,805,496 As of December 31, 2022 – Acquired Loan Portfolio (In thousands) Commercial Real Estate Commercial and Industrial Commercial Construction Consumer Real Estate Consumer Nonresidential Total Grade: Pass $ 14,748 $ 2,913 $ 503 $ 17,012 $ 24 $ 35,200 Special mention — — — — — — Substandard — — — — — — Doubtful — — — — — — Loss — — — — — — Total $ 14,748 $ 2,913 $ 503 $ 17,012 $ 24 $ 35,200
Schedule of past due and nonaccrual loans	Past due and nonaccrual loans presented by loan class were as follows at September 30, 2023 and December 31, 2022 As of September 30, 2023 (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due loans Current Nonaccruals Total Recorded Investment in Loans Commercial real estate $ 499 $ — $ — $ 499 $ 1,097,227 $ — $ 1,097,726 Commercial and industrial 518 — — 518 223,133 — 223,651 Commercial construction — — — — 154,559 — 154,559 Consumer real estate 686 — 144 830 365,129 1,386 367,345 Consumer nonresidential — — — — 6,232 — 6,232 Total $ 1,703 $ — $ 144 $ 1,847 $ 1,846,280 $ 1,386 $ 1,849,513 As of December 31, 2022 – 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 $ 546 $ — $ 2,096 $ 2,642 $ 1,082,871 $ 1,085,513 $ 393 $ 1,703 Commercial and industrial 512 — 1,319 1,831 240,476 242,307 — 1,319 Commercial construction — — 125 125 147,311 147,436 125 — Consumer real estate 805 — 953 1,758 320,821 322,579 825 128 Consumer nonresidential — 63 — 63 7,598 7,661 — — Total $ 1,863 $ 63 $ 4,493 $ 6,419 $ 1,799,077 $ 1,805,496 $ 1,343 $ 3,150 As of December 31, 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 $ — $ — $ — $ — $ 14,748 $ 14,748 $ — $ — Commercial and industrial — — — — 2,913 2,913 — — Commercial construction — — — — 503 503 — — Consumer real estate — — — — 17,012 17,012 — — Consumer nonresidential — — — — 24 24 — — Total $ — $ — $ — $ — $ 35,200 $ 35,200 $ — $ —
Schedule of nonaccrual loans	The following presents nonaccrual loans as of September 30, 2023: (dollars in thousands) Nonaccrual with No Allowance for Credit Losses Nonaccrual with an Allowance for Credit Losses Total Nonaccrual Loans Interest Income Recognized Nonaccrual Loans Commercial real estate $ — $ — $ — $ — Commercial and industrial — — — — Commercial construction — — — — Consumer real estate 1,386 — 1,386 58 Consumer nonresidential — — — — Total $ 1,386 $ — $ 1,386 $ 58

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and December 31, 2022 were as follows: September 30, 2023 Notional Amount Fair Value (In thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 82,965 $ 5,758 Pay Fixed/Receive Variable Swaps 82,965 (5,758) December 31, 2022 Notional Amount Fair Value (In thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 74,178 $ 4,260 Pay Fixed/Receive Variable Swaps 74,178 (4,260) (In thousands) September 30, 2023 December 31, 2022 Notional amount $ 250,000 $ 145,000 Weighted average pay rate 3.25% 2.12% Weighted average receive rate 5.31% 4.74% Weighted average maturity in years 4.28 3.49 Unrealized gain relating to interest rate swaps $ 10,879 $ 4,251

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	9 Months Ended
	Sep. 30, 2023
Financial Instruments with Off-Balance Sheet Risk
Schedule of financial instruments outstanding which contract amounts represent credit risk	At September 30, 2023 and December 31, 2022, the following financial instruments were outstanding, which contract amounts represent credit risk: (In thousands) September 30, 2023 December 31, 2022 Commitments to grant loans $ 8,580 $ 135,441 Unused commitments to fund loans and lines of credit 217,363 235,617 Commercial and standby letters of credit 6,197 6,503

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of option activity	A summary of option activity under the Plan as of September 30, 2023 and changes during the nine months ended is presented below: Options Number Weighted- Weighted- Aggregate Intrinsic Value (1) Outstanding at January 1, 2023 1,621,920 $ 6.82 1.81 Granted — Exercised (423,380) 5.97 Forfeited or expired (20,437) 5.73 Outstanding and Exercisable at September 30, 2023 1,178,103 $ 7.15 1.56 $ 6,671,990 (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, 2023. 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, 2023 is shown below. Number of Weighted Average Grant Date Nonvested at January 1, 2023 278,245 $ 14.63 Granted 9,438 10.55 Vested (92,360) 14.69 Forfeited (12,262) 15.42 Balance at September 30, 2023 183,061 $ 14.34

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and December 31, 2022: Fair Value Measurements at September 30, 2023 Using (In thousands) Balance as of September 30, 2023 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 $ 10,973 $ — $ 10,973 $ — Securities of state and local municipalities tax exempt 983 — 983 — Securities of state and local municipalities taxable 407 — 407 — Corporate bonds 16,890 — 16,890 — SBA pass-through securities 56 — 56 — Mortgage-backed securities 183,678 — 183,678 — Collateralized mortgage obligations 3,159 — 3,159 — Total Available-for-Sale Securities $ 216,146 $ — $ 216,146 $ — Derivative assets - interest rate swaps $ 5,758 $ — $ 5,758 $ — Derivative assets - cash flow hedge 10,879 — 10,879 — Liabilities Derivative liabilities - interest rate swaps 5,758 — 5,758 — Fair Value Measurements at December 31, 2022 Using (In thousands) Balance as of December 31, 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 $ 11,004 $ — $ 11,004 $ — Securities of state and local municipalities tax exempt 1,376 — 1,376 — Securities of state and local municipalities taxable 444 — 444 — Corporate bonds 19,058 — 19,058 — SBA pass-through securities 67 — 67 — Mortgage-backed securities 237,434 — 237,434 — Collateralized mortgage obligations 8,686 — 8,686 — Total Available-for-Sale Securities $ 278,069 $ — $ 278,069 $ — Derivative assets - interest rate swaps $ 4,260 $ — $ 4,260 $ — Derivative assets - cash flow hedge 4,251 — 4,251 — Liabilities Derivative liabilities - interest rate swaps 4,260 — 4,260 —
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, 2023 and December 31, 2022: Fair Value Measurements Using (In thousands) Balance as of September 30, 2023 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Collateral-dependent loans Commercial real estate $ 708 $ — $ — $ 708 Total Collateral-dependent loans $ 708 $ — $ — $ 708 Fair Value Measurements Using (In thousands) Balance as of December 31, 2022 Quoted Prices Significant Significant Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets Impaired loans Commercial and industrial $ 1,233 $ — $ — $ 1,233 Total Impaired loans $ 1,233 $ — $ — $ 1,233
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, 2023 and December 31, 2022: Quantitative information about Level 3 Fair Value Measurements for September 30, 2023 (Dollars In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Collateral-dependent loans Commercial real estate $ 708 Discounted appraised value Marketability/Selling costs 8.00% - 9.42% 9.42 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2022 (Dollars In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans Commercial and industrial $ 1,233 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, 2023 and December 31, 2022. Fair values for September 30, 2023 and December 31, 2022 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, 2023, 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 $ 7,560 $ 7,560 $ — $ — Interest-bearing deposits at other institutions 89,440 89,440 — — Securities held-to-maturity 264 — 243 — Securities available-for-sale 216,146 — 216,146 — Restricted stock 7,745 — 7,745 — Loans, net 1,830,664 — — 1,725,171 Bank owned life insurance 56,438 — 56,438 — Accrued interest receivable 10,151 — 10,151 — Derivative assets - interest rate swaps 5,758 — 5,758 — Derivative assets - cash flow hedge 10,879 — 10,879 — Financial liabilities: Checking, savings and money market accounts $ 1,331,675 $ — $ 1,331,675 $ — Time deposits 664,296 — 663,207 — FHLB advances 50,000 — 50,000 — Subordinated notes 19,606 — 18,763 — Accrued interest payable 3,033 — 3,033 — Derivative liabilities - interest rate swaps 5,758 — 5,758 — Fair Value Measurements as of December 31, 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 $ 7,253 $ 7,253 $ — $ — Interest-bearing deposits at other institutions 74,300 74,300 — — Securities held-to-maturity 264 — 252 — Securities available-for-sale 278,069 — 278,069 — Restricted stock 15,612 — 15,612 — Loans, net 1,824,394 — — 1,756,984 Bank owned life insurance 55,371 — 55,371 — Accrued interest receivable 9,435 — 9,435 — Derivative assets - interest rate swaps 4,260 — 4,260 — Derivative assets - cash flow hedge 4,251 — 4,251 — Financial liabilities: Checking, savings and money market accounts $ 1,321,749 $ — $ 1,321,749 $ — Time deposits 508,413 — 510,754 — Fed funds purchased 30,000 — 30,000 — FHLB advances 235,000 — 235,000 — Subordinated notes 19,565 — 18,856 — Accrued interest payable 1,269 — 1,269 — Derivative liabilities - interest rate swaps 4,260 — 4,260 —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
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 9,327 restricted stock units excluded from weighted average dilutive shares for the three and nine months ended September 30, 2023 as the shares were anti-dilutive. There were no anti-dilutive shares for three and nine month periods ended September 30, 2022. Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2023 2022 2023 2022 Net income $ 4,039 $ 7,043 $ 8,892 $ 20,080 Weighted average number of shares 17,800 17,485 17,696 17,413 Effect of dilutive securities, restricted stock units and options 474 980 514 1,069 Weighted average diluted shares 18,274 18,465 18,210 18,482 Basic EPS $ 0.23 $ 0.40 $ 0.50 $ 1.15 Diluted EPS $ 0.22 $ 0.38 $ 0.49 $ 1.09

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022 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, 2023 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ (36,316) $ 5,554 $ (30,762) Net unrealized (losses) gains during the period (7,046) 2,974 (4,072) Other comprehensive (loss) income, net of tax (7,046) 2,974 (4,072) Balance, end of period $ (43,362) $ 8,528 $ (34,834) (In thousands) Nine Months Ended September 30, 2023 Available-for-Sale Securities Cash Flow Hedges Total Balance, beginning of period $ (39,926) $ 3,359 $ (36,567) Net unrealized (losses) gains during the period (7,018) 5,169 (1,849) Net reclassification adjustment for losses realized in income 3,582 — 3,582 Other comprehensive (loss) income, net of tax (3,436) 5,169 1,733 Balance, end of period $ (43,362) $ 8,528 $ (34,834) (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 (loss) income, net of tax (41,433) 3,896 (37,537) Balance, end of period $ (43,416) $ 3,836 $ (39,580)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2023
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 months and nine months ended September 30, 2023 and 2022, respectively: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Non-interest Income In-scope of Topic 606 Service Charges on Deposit Accounts $ 284 $ 241 $ 731 $ 706 Fees, Exchange, and Other Service Charges 98 101 269 282 Other income 13 8 90 97 Non-interest Income (in-scope of Topic 606) 395 350 1,090 1,085 Non-interest Income (out-scope of Topic 606) (170) 225 (4,601) 1,759 Total Non-interest Income $ 225 $ 575 $ (3,511) $ 2,844

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022. For the Nine Months Ended September 30, (In thousands) 2023 2022 Supplemental Disclosure of Cash Flow Information: Cash paid for: Interest on deposits and borrowed funds $ 36,421 $ 8,158 Income taxes 2,360 6,283 Noncash investing and financing activities: Unrealized (loss) on securities available-for-sale (4,406) (52,447) Unrealized gain on interest rate swaps 6,627 4,932 Adoption of CECL accounting standard (2,808) — Right-of-use assets obtained in the exchange for lease liabilities during the current period 397 522

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Details)		1 Months Ended
	Dec. 15, 2022	Aug. 31, 2021 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)		Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Earn back option period		3 years
Stock split, conversion ratio	1.25
Common stock, dividend, paid-in-kind, percentage	25%
Reduction of retained earnings			$ (120,960,000)			$ (114,888,000)	[1]
Allowance for loan losses			18,849,000	$ 19,442,000		16,040,000		$ 15,313,000	$ 14,957,000	$ 13,829,000
Reserves for unfunded commitments			673,000		$ 811,000	0	[1]
Securities held-to-maturity			264,000			264,000	[1]
Stockholders' equity			$ (211,246,000)	$ (211,051,000)		(202,382,000)	[1]	$ (194,635,000)	$ (197,599,000)	$ (209,796,000)
Cumulative Effect, Period of Adoption, Adjustment
Schedule of Equity Method Investments [Line Items]
Allowance for loan losses						$ 2,864,000
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
Schedule of Equity Method Investments [Line Items]
Reduction of retained earnings					2,800,000
Allowance for loan losses					2,900,000
Reserves for unfunded commitments					800,000
Allowance for loan losses and unfunded loan commitments					3,700,000
Stockholders' equity					$ 2,800,000
Atlantic Coast Mortgage, LLC
Schedule of Equity Method Investments [Line Items]
Investment amount		$ 20,400,000
Ownership percentage		28.70%
Earn back percentage		3.70%
[1]Derived from audited consolidated financial statements.

Securities (Details)

Securities (Details)	Sep. 30, 2023 USD ($) security	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Held-to-maturity
Total	$ 264,000		$ 264,000	[1]
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(21,000)		(12,000)
Fair Value	243,000		252,000
Available-for-sale
Total	272,075,000		329,592,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(55,929,000)		(51,523,000)
Fair Value	216,146,000	$ 40,300,000	278,069,000	[1]
Allowance for credit losses	$ 0
Number of securities held with book value and fair value equal | security	1
Securities of state and local municipalities tax exempt
Held-to-maturity
Total	$ 264,000		264,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(21,000)		(12,000)
Fair Value	243,000		252,000
Available-for-sale
Total	1,001,000		1,385,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(18,000)		(9,000)
Fair Value	983,000		1,376,000
Securities of U.S. government and federal agencies
Available-for-sale
Total	13,559,000		13,559,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(2,586,000)		(2,555,000)
Fair Value	10,973,000		11,004,000
Securities of state and local municipalities taxable
Available-for-sale
Total	469,000		506,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(62,000)		(62,000)
Fair Value	407,000		444,000
Corporate bonds
Available-for-sale
Total	20,206,000		21,212,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(3,316,000)		(2,154,000)
Fair Value	16,890,000		19,058,000
SBA pass-through securities
Available-for-sale
Total	62,000		74,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(6,000)		(7,000)
Fair Value	56,000		67,000
Mortgage-backed securities
Available-for-sale
Total	232,724,000		282,858,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(49,046,000)		(45,424,000)
Fair Value	183,678,000		237,434,000
Collateralized mortgage obligations
Available-for-sale
Total	4,054,000		9,998,000
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	(895,000)		(1,312,000)
Fair Value	3,159,000		8,686,000
Federal Reserve Bank | Asset Pledged as Collateral
Available-for-sale
Pledged securities	2,200,000		4,100,000
Virginia Department Of Treasury | Asset Pledged as Collateral
Available-for-sale
Pledged securities	$ 121,400,000		$ 104,600,000
[1]Derived from audited consolidated financial statements.

Securities - Summary of Amortiz

Securities - Summary of Amortized Cost of Held-to-maturity Securities Credit Quality Indicator (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Held-to-Maturity Securities [Line Items]
Securities held-to-maturity	$ 264	$ 264	[1]
Securities of state and local municipalities tax exempt
Schedule of Held-to-Maturity Securities [Line Items]
Securities held-to-maturity	264	$ 264
Aa3 | Securities of state and local municipalities tax exempt
Schedule of Held-to-Maturity Securities [Line Items]
Securities held-to-maturity	$ 264
[1]Derived from audited consolidated financial statements.

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	$ 0	$ 43,059
Fair Value, 12 Months or Longer	215,396	234,512
Fair Value, Total	215,396	277,571
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	(3,209)
Unrealized Losses, 12 Months or Longer	(55,929)	(48,326)
Unrealized Losses, Total	(55,929)	(51,535)
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	0
Fair Value, 12 Months or Longer	10,974	11,004
Fair Value, Total	10,974	11,004
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	0
Unrealized Losses, 12 Months or Longer	(2,586)	(2,555)
Unrealized Losses, Total	(2,586)	(2,555)
Securities of state and local municipalities tax exempt
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	0	1,628
Fair Value, 12 Months or Longer	983	0
Fair Value, Total	983	1,628
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	(21)
Unrealized Losses, 12 Months or Longer	(18)	0
Unrealized Losses, Total	(18)	(21)
Securities of state and local municipalities taxable
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	0	0
Fair Value, 12 Months or Longer	407	444
Fair Value, Total	407	444
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	0
Unrealized Losses, 12 Months or Longer	(62)	(62)
Unrealized Losses, Total	(62)	(62)
Corporate bonds
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	0	12,344
Fair Value, 12 Months or Longer	16,141	5,964
Fair Value, Total	16,141	18,308
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	(1,119)
Unrealized Losses, 12 Months or Longer	(3,316)	(1,035)
Unrealized Losses, Total	(3,316)	(2,154)
SBA pass-through securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	0	0
Fair Value, 12 Months or Longer	55	67
Fair Value, Total	55	67
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	0
Unrealized Losses, 12 Months or Longer	(6)	(7)
Unrealized Losses, Total	(6)	(7)
Mortgage-backed securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	0	26,486
Fair Value, 12 Months or Longer	183,678	210,948
Fair Value, Total	183,678	237,434
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	(1,831)
Unrealized Losses, 12 Months or Longer	(49,046)	(43,593)
Unrealized Losses, Total	(49,046)	(45,424)
Collateralized mortgage obligations
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	0	2,601
Fair Value, 12 Months or Longer	3,158	6,085
Fair Value, Total	3,158	8,686
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	0	(238)
Unrealized Losses, 12 Months or Longer	(895)	(1,074)
Unrealized Losses, Total	$ (895)	$ (1,312)

Securities - Continuous Unrea_2

Securities - Continuous Unrealized Loss Position - Additional information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2023 USD ($)	Sep. 30, 2023 security
Debt Securities, Available-for-sale
Available-for-sale investment securities sold at book value | $	$ 40.3
Available-for-sale investment securities sold, pre tax loss | $	$ 4.6
BBB
Debt Securities, Available-for-sale
Number of investment securities		1
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		2
Securities of state and local municipalities taxable
Debt Securities, Available-for-sale
Number of investment securities		1
Corporate bonds | No rating
Debt Securities, Available-for-sale
Number of investment securities		13
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		57
Collateralized mortgage obligations
Debt Securities, Available-for-sale
Number of investment securities		12

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
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
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		$ 252
Available-for-sale, Amortized Cost
After 1 year through 5 years	5,687
After 5 years through 10 years	31,589
After 10 years	234,799
Total	272,075
Available-for-sale, Fair Value
After 1 year through 5 years	5,068
After 5 years through 10 years	26,052
After 10 years	185,026
Total	$ 216,146	$ 40,300	$ 278,069	[1]
[1]Derived from audited consolidated financial statements.

Securities - Contractual Matu_2

Securities - Contractual Maturities - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds from maturities, calls and principal repayments of securities	$ 16,600,000	$ 20,500,000
Proceeds from calls and maturities of securities	35,800,000	0
Gross realized loss on securities	$ 4,600,000	$ 0

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Summary of loan balances by type (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Loans and Allowance for Loan Losses
Loans, gross	$ 1,849,513		$ 1,840,696	$ 1,715,451
Allowance for credit losses	18,849	$ 19,442	16,040	15,313	$ 14,957	$ 13,829
Unearned income and (unamortized premiums), net			262
Loans, net	1,830,664		1,824,394
Originated loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	1,849,513		1,805,496
Allowance for credit losses			16,040
Unearned income and (unamortized premiums), net			262
Loans, net			1,789,194
Acquired loan portfolio
Loans and Allowance for Loan Losses
Loans, gross			35,200
Allowance for credit losses			0
Unearned income and (unamortized premiums), net			0
Loans, net			35,200
Commercial | Commercial real estate
Loans and Allowance for Loan Losses
Loans, gross	1,097,726		1,100,261	1,030,326
Allowance for credit losses	10,639	11,122	10,777	10,429	10,067	8,995
Commercial | Commercial real estate | Originated loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	1,097,726		1,085,513
Commercial | Commercial real estate | Acquired loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	1,849,513		14,748
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	223,651		245,220	211,396
Allowance for credit losses	2,681	2,865	2,623	2,132	2,256	1,827
Commercial | Commercial and Industrial | Originated loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	223,651		242,307
Commercial | Commercial and Industrial | Acquired loan portfolio
Loans and Allowance for Loan Losses
Loans, gross			2,913
Commercial | Commercial Construction
Loans and Allowance for Loan Losses
Loans, gross	154,559		147,939	151,497
Allowance for credit losses	1,649	1,702	1,499	1,600	1,765	2,009
Commercial | Commercial Construction | Originated loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	154,559		147,436
Commercial | Commercial Construction | Acquired loan portfolio
Loans and Allowance for Loan Losses
Loans, gross			503
Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Loans, gross	367,345		339,591	313,078
Allowance for credit losses	3,807	3,683	1,044	1,038	728	781
Consumer | Commercial real estate | Originated loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	367,345		322,579
Consumer | Commercial real estate | Acquired loan portfolio
Loans and Allowance for Loan Losses
Loans, gross			17,012
Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Loans, gross	6,232		7,685	9,154
Allowance for credit losses	73	$ 70	97	$ 114	$ 141	$ 217
Consumer | Commercial real estate | Originated loan portfolio
Loans and Allowance for Loan Losses
Loans, gross	$ 6,232		7,661
Consumer | Commercial real estate | Acquired loan portfolio
Loans and Allowance for Loan Losses
Loans, gross			$ 24

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Outstanding principal balance and related carrying amount of acquired loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022
Loans and Allowance for Loan Losses
Carrying amount	$ 4,063	$ 16,199
Changes in the accretable yield on purchased credit impaired loans
Balance at the beginning of the period	3
Accretion	(197)
Reclassification of nonaccretable difference due to changes in expected cash flows	33
Other changes, net	161
Balance at the end of the period	0
Purchased credit impaired acquired loans evaluated individually for credit losses
Loans and Allowance for Loan Losses
Outstanding principal balance	24
Carrying amount	0
Other acquired loans
Loans and Allowance for Loan Losses
Outstanding principal balance	35,604
Carrying amount	35,200
Total acquired loans
Loans and Allowance for Loan Losses
Outstanding principal balance	35,628
Carrying amount	$ 35,200

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Allowance for credit losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	$ 19,442	$ 14,957	$ 16,040	$ 13,829	$ 13,829
Charge-offs	0	(28)	(365)	(478)	(497)
Recoveries	7	19	39	62	79
Provision	(600)	365	271	1,900	2,629
Loans and leases receivable, allowance, ending balance	18,849	15,313	18,849	15,313	16,040
Individually evaluated for impairment		164		164	86
Collectively evaluated for impairment		15,149		15,149	15,954
Total allowance for loans and leases receivables	18,849	15,313	18,849	15,313	16,040
Financing receivables:
Individually evaluated for impairment		16,199		16,199	4,063
Collectively evaluated for impairment		1,699,252		1,699,252	1,836,633
Total	1,849,513	1,715,451	1,849,513	1,715,451	1,840,696
Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance			2,864
Loans and leases receivable, allowance, ending balance					2,864
Total allowance for loans and leases receivables					2,864
Purchased credit impaired
Allowance for loan losses
Purchased credit impaired		0		0	0
Financing receivables:
Individually evaluated for impairment					0
Purchased credit impaired		0		0	0
Commercial | Commercial real estate
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	11,122	10,067	10,777	8,995	8,995
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision	(483)	362	(636)	1,434	1,782
Loans and leases receivable, allowance, ending balance	10,639	10,429	10,639	10,429	10,777
Individually evaluated for impairment		71		71	0
Collectively evaluated for impairment		10,358		10,358	10,777
Total allowance for loans and leases receivables	10,639	10,429	10,639	10,429	10,777
Financing receivables:
Individually evaluated for impairment		11,357		11,357	1,703
Collectively evaluated for impairment		1,018,969		1,018,969	1,098,558
Total	1,097,726	1,030,326	1,097,726	1,030,326	1,100,261
Commercial | Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance			498
Loans and leases receivable, allowance, ending balance					498
Total allowance for loans and leases receivables					498
Commercial | Commercial real estate | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired		0		0	0
Financing receivables:
Purchased credit impaired		0		0	0
Commercial | Commercial and Industrial
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	2,865	2,256	2,623	1,827	1,827
Charge-offs	0	0	(350)	(396)	(396)
Recoveries	0	0	3	0	0
Provision	(184)	(124)	(47)	701	1,192
Loans and leases receivable, allowance, ending balance	2,681	2,132	2,681	2,132	2,623
Individually evaluated for impairment		92		92	86
Collectively evaluated for impairment		2,040		2,040	2,537
Total allowance for loans and leases receivables	2,681	2,132	2,681	2,132	2,623
Financing receivables:
Individually evaluated for impairment		4,753		4,753	1,319
Collectively evaluated for impairment		206,643		206,643	243,901
Total	223,651	211,396	223,651	211,396	245,220
Commercial | Commercial and Industrial | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance			452
Loans and leases receivable, allowance, ending balance					452
Total allowance for loans and leases receivables					452
Commercial | Commercial and Industrial | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired		0		0	0
Financing receivables:
Purchased credit impaired		0		0	0
Commercial | Commercial Construction
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	1,702	1,765	1,499	2,009	2,009
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision	(53)	(165)	80	(409)	(510)
Loans and leases receivable, allowance, ending balance	1,649	1,600	1,649	1,600	1,499
Individually evaluated for impairment		0		0	0
Collectively evaluated for impairment		1,600		1,600	1,499
Total allowance for loans and leases receivables	1,649	1,600	1,649	1,600	1,499
Financing receivables:
Individually evaluated for impairment		0		0	0
Collectively evaluated for impairment		151,497		151,497	147,939
Total	154,559	151,497	154,559	151,497	147,939
Commercial | Commercial Construction | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance			70
Loans and leases receivable, allowance, ending balance					70
Total allowance for loans and leases receivables					70
Commercial | Commercial Construction | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired		0		0	0
Financing receivables:
Purchased credit impaired		0		0	0
Consumer | Commercial real estate
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	3,683	728	1,044	781	781
Charge-offs	0	0	0	0	0
Recoveries	0	0	1	1	1
Provision	124	310	906	256	262
Loans and leases receivable, allowance, ending balance	3,807	1,038	3,807	1,038	1,044
Individually evaluated for impairment		1		1	0
Collectively evaluated for impairment		1,037		1,037	1,044
Total allowance for loans and leases receivables	3,807	1,038	3,807	1,038	1,044
Financing receivables:
Individually evaluated for impairment		89		89	1,041
Collectively evaluated for impairment		312,989		312,989	338,550
Total	367,345	313,078	367,345	313,078	339,591
Consumer | Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance			1,856
Loans and leases receivable, allowance, ending balance					1,856
Total allowance for loans and leases receivables					1,856
Consumer | Commercial real estate | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired		0		0	0
Financing receivables:
Purchased credit impaired		0		0	0
Consumer | Commercial real estate
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance	70	141	97	217	217
Charge-offs	0	(28)	(15)	(82)	(101)
Recoveries	7	19	35	61	78
Provision	(4)	(18)	(32)	(82)	(97)
Loans and leases receivable, allowance, ending balance	73	114	73	114	97
Individually evaluated for impairment		0		0	0
Collectively evaluated for impairment		114		114	97
Total allowance for loans and leases receivables	73	114	73	114	97
Financing receivables:
Individually evaluated for impairment		0		0	0
Collectively evaluated for impairment		9,154		9,154	7,685
Total	$ 6,232	9,154	6,232	9,154	7,685
Consumer | Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Allowance for loan losses
Loans and leases receivable, allowance, beginning balance			$ (12)
Loans and leases receivable, allowance, ending balance					(12)
Total allowance for loans and leases receivables					(12)
Consumer | Commercial real estate | Purchased credit impaired
Allowance for loan losses
Purchased credit impaired		0		0	0
Financing receivables:
Purchased credit impaired		$ 0		$ 0	$ 0

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Amortized cost basis of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	$ 1,830,664	$ 1,824,394
Real Estate | Commercial | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Real Estate | Commercial | Commercial and Industrial
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Real Estate | Commercial | Commercial Construction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Real Estate | Consumer | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	2,292
Real Estate | Consumer | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Real Estate | Collateral-Dependent Loans
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	2,292
Business / Other Assets | Commercial | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Business / Other Assets | Commercial | Commercial and Industrial
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Business / Other Assets | Commercial | Commercial Construction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Business / Other Assets | Consumer | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Business / Other Assets | Consumer | Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	0
Business / Other Assets | Collateral-Dependent Loans
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of collateral-dependent loans by class of loans	$ 0

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Impaired Loans (Details) - Originated loan portfolio $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Recorded Investment
With an allowance recorded:	$ 1,319
With no related allowance:	2,744
Unpaid Principal Balance
With an allowance recorded:	1,329
With no related allowance:	2,747
Related Allowance	86
Average Recorded Investment
With an allowance recorded:	1,604
With no related allowance:	2,752
Interest Income Recognized
With an allowance recorded:	107
With no related allowance:	169
Commercial | Commercial real estate
Recorded Investment
With an allowance recorded:	0
With no related allowance:	1,703
Unpaid Principal Balance
With an allowance recorded:	0
With no related allowance:	1,703
Related Allowance	0
Average Recorded Investment
With an allowance recorded:	0
With no related allowance:	1,704
Interest Income Recognized
With an allowance recorded:	0
With no related allowance:	135
Commercial | Commercial and Industrial
Recorded Investment
With an allowance recorded:	1,319
With no related allowance:	0
Unpaid Principal Balance
With an allowance recorded:	1,329
With no related allowance:	0
Related Allowance	86
Average Recorded Investment
With an allowance recorded:	1,604
With no related allowance:	0
Interest Income Recognized
With an allowance recorded:	107
With no related allowance:	0
Commercial | Commercial Construction
Recorded Investment
With an allowance recorded:	0
With no related allowance:	0
Unpaid Principal Balance
With an allowance recorded:	0
With no related allowance:	0
Related Allowance	0
Average Recorded Investment
With an allowance recorded:	0
With no related allowance:	0
Interest Income Recognized
With an allowance recorded:	0
With no related allowance:	0
Consumer | Commercial real estate
Recorded Investment
With an allowance recorded:	0
With no related allowance:	1,041
Unpaid Principal Balance
With an allowance recorded:	0
With no related allowance:	1,044
Related Allowance	0
Average Recorded Investment
With an allowance recorded:	0
With no related allowance:	1,048
Interest Income Recognized
With an allowance recorded:	0
With no related allowance:	34
Consumer | Commercial real estate
Recorded Investment
With an allowance recorded:	0
With no related allowance:	0
Unpaid Principal Balance
With an allowance recorded:	0
With no related allowance:	0
Related Allowance	0
Average Recorded Investment
With an allowance recorded:	0
With no related allowance:	0
Interest Income Recognized
With an allowance recorded:	0
With no related allowance:	$ 0

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Risk category (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	$ 423,908
2019	96,185
2020	92,028
2021	201,547
2022	484,600
2023	168,033
Revolving Loans Amort. Cost Basis	383,212
Revolving Loans Convert. to Term	0
Total	1,849,513	$ 1,840,696	$ 1,715,451
Total	1,849,513	1,840,696	1,715,451
Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	72
Total	72
Commercial | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	351,621
2019	84,975
2020	72,431
2021	148,332
2022	212,269
2023	73,825
Revolving Loans Amort. Cost Basis	154,273
Revolving Loans Convert. to Term	0
Total	1,097,726	1,100,261	1,030,326
Total	1,097,726	1,100,261	1,030,326
Commercial | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	351,621
2019	84,975
2020	72,431
2021	148,332
2022	212,269
2023	73,825
Revolving Loans Amort. Cost Basis	154,273
Revolving Loans Convert. to Term	0
Total	1,097,726
Total	1,097,726
Commercial | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial and Industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	14,879
2019	2,615
2020	7,862
2021	14,845
2022	72,131
2023	47,834
Revolving Loans Amort. Cost Basis	63,485
Revolving Loans Convert. to Term	0
Total	223,651	245,220	211,396
Total	223,651	245,220	211,396
Commercial | Commercial and Industrial | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	14,879
2019	2,615
2020	7,862
2021	14,845
2022	72,131
2023	47,834
Revolving Loans Amort. Cost Basis	63,485
Revolving Loans Convert. to Term	0
Total	223,651
Total	223,651
Commercial | Commercial and Industrial | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial and Industrial | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial and Industrial | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial Construction
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	18,183
2019	344
2020	0
2021	10,441
2022	0
2023	709
Revolving Loans Amort. Cost Basis	124,882
Revolving Loans Convert. to Term	0
Total	154,559	147,939	151,497
Total	154,559	147,939	151,497
Commercial | Commercial Construction | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	18,183
2019	344
2020	0
2021	10,441
2022	0
2023	709
Revolving Loans Amort. Cost Basis	124,882
Revolving Loans Convert. to Term	0
Total	154,559
Total	154,559
Commercial | Commercial Construction | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial Construction | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial Construction | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Commercial | Commercial Construction | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Consumer | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	38,523
2019	8,251
2020	11,726
2021	27,925
2022	200,145
2023	45,501
Revolving Loans Amort. Cost Basis	35,274
Revolving Loans Convert. to Term	0
Total	367,345	339,591	313,078
Total	367,345	339,591	313,078
Consumer | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	37,660
2019	8,251
2020	11,726
2021	27,925
2022	198,562
2023	45,501
Revolving Loans Amort. Cost Basis	34,660
Revolving Loans Convert. to Term	0
Total	364,285
Total	364,285
Consumer | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	753
2023	0
Revolving Loans Amort. Cost Basis	58
Revolving Loans Convert. to Term	0
Total	811
Total	811
Consumer | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	863
2019	0
2020	0
2021	0
2022	830
2023	0
Revolving Loans Amort. Cost Basis	556
Revolving Loans Convert. to Term	0
Total	2,249
Total	2,249
Consumer | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Consumer | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Consumer | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	702
2019	0
2020	9
2021	4
2022	55
2023	164
Revolving Loans Amort. Cost Basis	5,298
Revolving Loans Convert. to Term	0
Total	6,232	7,685	9,154
Total	6,232	7,685	$ 9,154
Consumer | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	702
2019	0
2020	9
2021	4
2022	55
2023	164
Revolving Loans Amort. Cost Basis	5,298
Revolving Loans Convert. to Term	0
Total	6,232
Total	6,232
Consumer | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Consumer | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Consumer | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Consumer | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	0
2019	0
2020	0
2021	0
2022	0
2023	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Total	0
Total	0
Originated loan portfolio
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,849,513	1,805,496
Total	1,849,513	1,805,496
Originated loan portfolio | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		1,790,996
Total		1,790,996
Originated loan portfolio | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	811	10,437
Total	811	10,437
Originated loan portfolio | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	2,300	4,063
Total	2,300	4,063
Decrease in related to loans	1,800
Originated loan portfolio | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Commercial | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,097,726	1,085,513
Total	1,097,726	1,085,513
Originated loan portfolio | Commercial | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		1,077,526
Total		1,077,526
Originated loan portfolio | Commercial | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		6,284
Total		6,284
Originated loan portfolio | Commercial | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		1,703
Total		1,703
Originated loan portfolio | Commercial | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Commercial | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Commercial | Commercial and Industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	223,651	242,307
Total	223,651	242,307
Originated loan portfolio | Commercial | Commercial and Industrial | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		237,638
Total		237,638
Originated loan portfolio | Commercial | Commercial and Industrial | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		3,350
Total		3,350
Originated loan portfolio | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		1,319
Total		1,319
Originated loan portfolio | Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Commercial | Commercial and Industrial | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Commercial | Commercial Construction
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	154,559	147,436
Total	154,559	147,436
Originated loan portfolio | Commercial | Commercial Construction | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		147,436
Total		147,436
Originated loan portfolio | Commercial | Commercial Construction | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Commercial | Commercial Construction | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Commercial | Commercial Construction | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Commercial | Commercial Construction | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Consumer | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	367,345	322,579
Total	367,345	322,579
Originated loan portfolio | Consumer | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		320,735
Total		320,735
Originated loan portfolio | Consumer | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		803
Total		803
Originated loan portfolio | Consumer | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		1,041
Total		1,041
Originated loan portfolio | Consumer | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Consumer | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Consumer | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	6,232	7,661
Total	6,232	7,661
Originated loan portfolio | Consumer | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		7,661
Total		7,661
Originated loan portfolio | Consumer | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Consumer | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Consumer | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Originated loan portfolio | Consumer | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		35,200
Total		35,200
Acquired loan portfolio | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		35,200
Total		35,200
Acquired loan portfolio | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Commercial | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,849,513	14,748
Total	1,849,513	14,748
Acquired loan portfolio | Commercial | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,846,453	14,748
Total	1,846,453	14,748
Acquired loan portfolio | Commercial | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	811	0
Total	811	0
Acquired loan portfolio | Commercial | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	2,249	0
Total	2,249	0
Acquired loan portfolio | Commercial | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Total	0	0
Acquired loan portfolio | Commercial | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Total	$ 0	0
Acquired loan portfolio | Commercial | Commercial and Industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		2,913
Total		2,913
Acquired loan portfolio | Commercial | Commercial and Industrial | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		2,913
Total		2,913
Acquired loan portfolio | Commercial | Commercial and Industrial | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Commercial | Commercial and Industrial | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Commercial | Commercial Construction
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		503
Total		503
Acquired loan portfolio | Commercial | Commercial Construction | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		503
Total		503
Acquired loan portfolio | Commercial | Commercial Construction | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Commercial | Commercial Construction | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Commercial | Commercial Construction | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Commercial | Commercial Construction | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Consumer | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		17,012
Total		17,012
Acquired loan portfolio | Consumer | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		17,012
Total		17,012
Acquired loan portfolio | Consumer | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Consumer | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		24
Total		24
Acquired loan portfolio | Consumer | Commercial real estate | Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		24
Total		24
Acquired loan portfolio | Consumer | Commercial real estate | Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Doubtful
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total		0
Total		$ 0

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Past due and Non accrual of loans (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Loans and Allowance for Loan Losses
Total	$ 1,849,513,000	$ 1,840,696,000	$ 1,715,451,000
Loans for which formal foreclosure proceedings are in process	0	0
Loans, net	1,830,664,000	1,824,394,000
Federal Home Loan Bank of Atlanta | Asset Pledged as Collateral
Loans and Allowance for Loan Losses
Loans, net	566,900,000	458,700,000
Adjustment
Loans and Allowance for Loan Losses
Loans, net	133,000	1,300,000
Commercial | Commercial real estate
Loans and Allowance for Loan Losses
Total	1,097,726,000	1,100,261,000	1,030,326,000
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total	223,651,000	245,220,000	211,396,000
Commercial | Commercial Construction
Loans and Allowance for Loan Losses
Total	154,559,000	147,939,000	151,497,000
Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Total	367,345,000	339,591,000	313,078,000
Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Total	6,232,000	7,685,000	$ 9,154,000
Originated loan portfolio
Loans and Allowance for Loan Losses
Total	1,849,513,000	1,805,496,000
90 days past due and still accruing		1,343,000
Nonaccruals	1,386,000	3,150,000
Loans, net		1,789,194,000
Originated loan portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Total	1,703,000	1,863,000
Originated loan portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Total	0	63,000
Originated loan portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Total	144,000	4,493,000
Originated loan portfolio | Total past due loans
Loans and Allowance for Loan Losses
Total	1,847,000	6,419,000
Originated loan portfolio | Current
Loans and Allowance for Loan Losses
Total	1,846,280,000	1,799,077,000
Originated loan portfolio | Commercial | Commercial real estate
Loans and Allowance for Loan Losses
Total	1,097,726,000	1,085,513,000
90 days past due and still accruing		393,000
Nonaccruals	0	1,703,000
Originated loan portfolio | Commercial | Commercial real estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total	499,000	546,000
Originated loan portfolio | Commercial | Commercial real estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total	0	0
Originated loan portfolio | Commercial | Commercial real estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total	0	2,096,000
Originated loan portfolio | Commercial | Commercial real estate | Total past due loans
Loans and Allowance for Loan Losses
Total	499,000	2,642,000
Originated loan portfolio | Commercial | Commercial real estate | Current
Loans and Allowance for Loan Losses
Total	1,097,227,000	1,082,871,000
Originated loan portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total	223,651,000	242,307,000
90 days past due and still accruing		0
Nonaccruals	0	1,319,000
Originated loan portfolio | Commercial | Commercial and Industrial | 30-59 days past due
Loans and Allowance for Loan Losses
Total	518,000	512,000
Originated loan portfolio | Commercial | Commercial and Industrial | 60-89 days past due
Loans and Allowance for Loan Losses
Total	0	0
Originated loan portfolio | Commercial | Commercial and Industrial | 90 days or more past due
Loans and Allowance for Loan Losses
Total	0	1,319,000
Originated loan portfolio | Commercial | Commercial and Industrial | Total past due loans
Loans and Allowance for Loan Losses
Total	518,000	1,831,000
Originated loan portfolio | Commercial | Commercial and Industrial | Current
Loans and Allowance for Loan Losses
Total	223,133,000	240,476,000
Originated loan portfolio | Commercial | Commercial Construction
Loans and Allowance for Loan Losses
Total	154,559,000	147,436,000
90 days past due and still accruing		125,000
Nonaccruals	0	0
Originated loan portfolio | Commercial | Commercial Construction | 30-59 days past due
Loans and Allowance for Loan Losses
Total	0	0
Originated loan portfolio | Commercial | Commercial Construction | 60-89 days past due
Loans and Allowance for Loan Losses
Total	0	0
Originated loan portfolio | Commercial | Commercial Construction | 90 days or more past due
Loans and Allowance for Loan Losses
Total	0	125,000
Originated loan portfolio | Commercial | Commercial Construction | Total past due loans
Loans and Allowance for Loan Losses
Total	0	125,000
Originated loan portfolio | Commercial | Commercial Construction | Current
Loans and Allowance for Loan Losses
Total	154,559,000	147,311,000
Originated loan portfolio | Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Total	367,345,000	322,579,000
90 days past due and still accruing		825,000
Nonaccruals	1,386,000	128,000
Originated loan portfolio | Consumer | Commercial real estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total	686,000	805,000
Originated loan portfolio | Consumer | Commercial real estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total	0	0
Originated loan portfolio | Consumer | Commercial real estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total	144,000	953,000
Originated loan portfolio | Consumer | Commercial real estate | Total past due loans
Loans and Allowance for Loan Losses
Total	830,000	1,758,000
Originated loan portfolio | Consumer | Commercial real estate | Current
Loans and Allowance for Loan Losses
Total	365,129,000	320,821,000
Originated loan portfolio | Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Total	6,232,000	7,661,000
90 days past due and still accruing		0
Nonaccruals	0	0
Originated loan portfolio | Consumer | Commercial real estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total	0	0
Originated loan portfolio | Consumer | Commercial real estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total	0	63,000
Originated loan portfolio | Consumer | Commercial real estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total	0	0
Originated loan portfolio | Consumer | Commercial real estate | Total past due loans
Loans and Allowance for Loan Losses
Total	0	63,000
Originated loan portfolio | Consumer | Commercial real estate | Current
Loans and Allowance for Loan Losses
Total	6,232,000	7,598,000
Acquired loan portfolio
Loans and Allowance for Loan Losses
Total		35,200,000
90 days past due and still accruing		0
Nonaccruals		0
Loans, net		35,200,000
Acquired loan portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Total past due loans
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Current
Loans and Allowance for Loan Losses
Total		35,200,000
Acquired loan portfolio | Commercial | Commercial real estate
Loans and Allowance for Loan Losses
Total	$ 1,849,513,000	14,748,000
90 days past due and still accruing		0
Nonaccruals		0
Acquired loan portfolio | Commercial | Commercial real estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial real estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial real estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial real estate | Total past due loans
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial real estate | Current
Loans and Allowance for Loan Losses
Total		14,748,000
Acquired loan portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total		2,913,000
90 days past due and still accruing		0
Nonaccruals		0
Acquired loan portfolio | Commercial | Commercial and Industrial | 30-59 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial and Industrial | 60-89 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial and Industrial | 90 days or more past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial and Industrial | Total past due loans
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial and Industrial | Current
Loans and Allowance for Loan Losses
Total		2,913,000
Acquired loan portfolio | Commercial | Commercial Construction
Loans and Allowance for Loan Losses
Total		503,000
90 days past due and still accruing		0
Nonaccruals		0
Acquired loan portfolio | Commercial | Commercial Construction | 30-59 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial Construction | 60-89 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial Construction | 90 days or more past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial Construction | Total past due loans
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Commercial | Commercial Construction | Current
Loans and Allowance for Loan Losses
Total		503,000
Acquired loan portfolio | Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Total		17,012,000
90 days past due and still accruing		0
Nonaccruals		0
Acquired loan portfolio | Consumer | Commercial real estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Total past due loans
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Current
Loans and Allowance for Loan Losses
Total		17,012,000
Acquired loan portfolio | Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Total		24,000
90 days past due and still accruing		0
Nonaccruals		0
Acquired loan portfolio | Consumer | Commercial real estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Total past due loans
Loans and Allowance for Loan Losses
Total		0
Acquired loan portfolio | Consumer | Commercial real estate | Current
Loans and Allowance for Loan Losses
Total		$ 24,000

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Non accrual of loans (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Loans and Allowance for Loan Losses
Nonaccrual with No Allowance for Credit Losses	$ 1,386
Nonaccrual with an Allowance for Credit Losses	0
Total Nonaccrual Loans	1,386
Interest Income Recognized	58
Commercial | Commercial real estate
Loans and Allowance for Loan Losses
Nonaccrual with No Allowance for Credit Losses	0
Nonaccrual with an Allowance for Credit Losses	0
Total Nonaccrual Loans	0
Interest Income Recognized	0
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Nonaccrual with No Allowance for Credit Losses	0
Nonaccrual with an Allowance for Credit Losses	0
Total Nonaccrual Loans	0
Interest Income Recognized	0
Commercial | Commercial Construction
Loans and Allowance for Loan Losses
Nonaccrual with No Allowance for Credit Losses	0
Nonaccrual with an Allowance for Credit Losses	0
Total Nonaccrual Loans	0
Interest Income Recognized	0
Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Nonaccrual with No Allowance for Credit Losses	1,386
Nonaccrual with an Allowance for Credit Losses	0
Total Nonaccrual Loans	1,386
Interest Income Recognized	58
Consumer | Commercial real estate
Loans and Allowance for Loan Losses
Nonaccrual with No Allowance for Credit Losses	0
Nonaccrual with an Allowance for Credit Losses	0
Total Nonaccrual Loans	0
Interest Income Recognized	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Narrative (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) loan	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)	[1]
Receivables [Abstract]
Number of loans modified | loan	5
Financing receivable, troubled debt restructuring, postmodification	$ 8,100,000
Reserves for unfunded commitments	$ 673,000	$ 811,000	$ 0
[1]Derived from audited consolidated financial statements.

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Total provision for credit losses	$ (729)	$ 365	$ 132	$ 1,900
Provision for (reversal of) credit losses - loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Total provision for credit losses	(600)	365	271	1,900
Provision for (reversal of) credit losses - unfunded commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Total provision for credit losses	$ (129)	$ 0	$ (139)	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) agreement	Dec. 31, 2022 USD ($) agreement
Interest rate swap
Derivative Financial Instruments
Number of swap agreements outstanding not included in the offsetting | agreement	17	15
Collateralized amount	$ 30	$ 30
Receive Fixed/Pay Variable Swaps
Derivative Financial Instruments
Notional amount	82,965	74,178
Derivative liability, Fair Value	5,758	4,260
Pay Fixed/Receive Variable Swaps
Derivative Financial Instruments
Notional amount	82,965	74,178
Derivative asset, Fair Value	$ (5,758)	$ (4,260)

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, 2023	Sep. 30, 2022	Dec. 31, 2022
Derivative Financial Instruments
Unrealized gain relating to interest rate swaps	$ 6,627	$ 4,932
Cash flow hedge
Derivative Financial Instruments
Notional amount	$ 250,000		$ 145,000
Weighted average pay rate	3.25%		2.12%
Weighted average receive rate	5.31%		4.74%
Weighted average maturity in years	4 years 3 months 10 days		3 years 5 months 26 days
Unrealized gain relating to interest rate swaps	$ 10,879		$ 4,251

Financial Instruments with Of_3

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Financial Instruments with Off-Balance Sheet Risk
Letters of credit expiration period (in years)	1 year
Cash on deposit in correspondent banks exceeding the federally insured limits	$ 3,100	$ 1,400
Commitments to grant loans | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	8,580	135,441
Unused commitments to fund loans and lines of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	217,363	235,617
Commercial and standby letters of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	$ 6,197	$ 6,503

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Stock-Based Compensation Plan
Number of shares withheld to cover the cost of the exercise				63,634	4,772
Stock option
Stock-Based Compensation Plan
Total income tax benefits related to stock options exercised		$ 0	$ 31	$ 479	$ 235
Compensation cost		259	$ 348
Restricted stock
Stock-Based Compensation Plan
Number of shares withheld to cover the cost of the exercise				10,071	0
Unamortized compensation cost		$ 2,200		$ 2,200
Period for recognition for cost not yet recognized				28 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)		148,125		148,125
Options granted (in shares)		0	0	0
Amended and Restated 2008 Option Plan | Restricted stock
Stock-Based Compensation Plan
Granted (in shares)			119,720	9,438

Stock-Based Compensation Plan -

Stock-Based Compensation Plan - Options (Details) - Amended and Restated 2008 Option Plan - Stock option - USD ($)	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Dec. 31, 2022
Number of Shares
Outstanding at the beginning of the year (in shares)			1,621,920
Granted (in shares)	0	0	0
Exercised (in shares)			(423,380)
Forfeited or expired (in shares)			(20,437)
Outstanding at the end of the year (in shares)	1,178,103		1,178,103	1,621,920
Exercisable at the end of the year (in shares)	1,178,103		1,178,103
Weighted- Average Exercise Price
Outstanding at the beginning of the year (in dollars per share)			$ 6.82
Granted (in dollars per share)
Exercised (in dollars per share)			5.97
Forfeited or expired (in dollars per share)			5.73
Outstanding at the end of the year (in dollars per share)	$ 7.15		7.15	$ 6.82
Exercisable at the end of the year (in dollars per share)	$ 7.15		$ 7.15
Additional disclosures
Outstanding weighted-average remaining contractual term (in years)				1 year 9 months 21 days
Exercisable weighted-average remaining contractual term (in years)			1 year 6 months 21 days
Exercisable aggregate intrinsic value			$ 6,671,990

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan - Restricted stock (Details) - Amended and Restated 2008 Option Plan - Restricted stock - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2023
Number of Shares
Balance at the beginning of the year (in shares)		278,245
Granted (in shares)	119,720	9,438
Vested (in shares)		(92,360)
Forfeited (in shares)		(12,262)
Balance at the end of the year (in shares)		183,061
Weighted Average Grant Date Fair Value
Outstanding at the beginning of the year (in dollars per share)		$ 14.63
Granted (in dollars per share)		10.55
Vested (in dollars per share)		14.69
Forfeited (in dollars per share)		15.42
Outstanding at the end of the year (in dollars per share)		$ 14.34

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, 2023	Mar. 31, 2023	Dec. 31, 2022
Assets
Securities available-for-sale, at fair value	$ 216,146	$ 40,300	$ 278,069	[1]
Carrying Amount
Assets
Securities available-for-sale, at fair value	216,146		278,069
Carrying Amount | Cash flow hedge
Assets
Derivative assets	10,879		4,251
Interest rate swap | Carrying Amount
Assets
Derivative assets	5,758		4,260
Liabilities
Derivative liabilities	5,758		4,260
Securities of U.S. government and federal agencies
Assets
Securities available-for-sale, at fair value	10,973		11,004
Corporate bonds
Assets
Securities available-for-sale, at fair value	16,890		19,058
SBA pass-through securities
Assets
Securities available-for-sale, at fair value	56		67
Mortgage-backed securities
Assets
Securities available-for-sale, at fair value	183,678		237,434
Collateralized mortgage obligations
Assets
Securities available-for-sale, at fair value	3,159		8,686
Level 1
Assets
Securities available-for-sale, at fair value	0		0
Level 1 | Cash flow hedge
Assets
Derivative assets	0		0
Level 1 | Interest rate swap
Assets
Derivative assets	0		0
Liabilities
Derivative liabilities	0		0
Level 2
Assets
Securities available-for-sale, at fair value	216,146		278,069
Level 2 | Cash flow hedge
Assets
Derivative assets	10,879		4,251
Level 2 | Interest rate swap
Assets
Derivative assets	5,758		4,260
Liabilities
Derivative liabilities	5,758		4,260
Level 3
Assets
Securities available-for-sale, at fair value	0		0
Level 3 | Cash flow hedge
Assets
Derivative assets	0		0
Level 3 | Interest rate swap
Assets
Derivative assets	0		0
Liabilities
Derivative liabilities	0		0
Recurring
Assets
Securities available-for-sale, at fair value	216,146		278,069
Recurring | Securities of U.S. government and federal agencies
Assets
Securities available-for-sale, at fair value	10,973		11,004
Recurring | Securities of state and local municipalities tax exempt
Assets
Securities available-for-sale, at fair value	983		1,376
Recurring | Securities of state and local municipalities taxable
Assets
Securities available-for-sale, at fair value	407		444
Recurring | Corporate bonds
Assets
Securities available-for-sale, at fair value	16,890		19,058
Recurring | SBA pass-through securities
Assets
Securities available-for-sale, at fair value	56		67
Recurring | Mortgage-backed securities
Assets
Securities available-for-sale, at fair value	183,678		237,434
Recurring | Collateralized mortgage obligations
Assets
Securities available-for-sale, at fair value	3,159		8,686
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	216,146		278,069
Recurring | Level 2 | Securities of U.S. government and federal agencies
Assets
Securities available-for-sale, at fair value	10,973		11,004
Recurring | Level 2 | Securities of state and local municipalities tax exempt
Assets
Securities available-for-sale, at fair value	983		1,376
Recurring | Level 2 | Securities of state and local municipalities taxable
Assets
Securities available-for-sale, at fair value	407		444
Recurring | Level 2 | Corporate bonds
Assets
Securities available-for-sale, at fair value	16,890		19,058
Recurring | Level 2 | SBA pass-through securities
Assets
Securities available-for-sale, at fair value	56		67
Recurring | Level 2 | Mortgage-backed securities
Assets
Securities available-for-sale, at fair value	183,678		237,434
Recurring | Level 2 | Collateralized mortgage obligations
Assets
Securities available-for-sale, at fair value	3,159		8,686
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, 2023	Dec. 31, 2022
Assets
Impaired loans	$ 708	$ 1,233
Commercial real estate
Assets
Impaired loans	708
Commercial and Industrial
Assets
Impaired loans		1,233
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
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
Level 3
Assets
Impaired loans	708	1,233
Level 3 | Commercial real estate
Assets
Impaired loans	$ 708
Level 3 | Commercial and Industrial
Assets
Impaired loans		$ 1,233

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative information about Level 3 fair value measurements (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 708	$ 1,233
Nonrecurring | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 708
Nonrecurring | Commercial and Industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans		$ 1,233
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 | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.0800
Level 3 | Minimum | Commercial and Industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range		0.08
Level 3 | Maximum | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.0942
Level 3 | Maximum | Commercial and Industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range		0.08
Level 3 | Avg | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range	0.0942
Level 3 | Avg | Commercial and Industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, range		0.0800
Level 3 | Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 708	$ 1,233
Level 3 | Nonrecurring | Commercial real estate
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 708
Level 3 | Nonrecurring | Commercial and Industrial
Quantitative information about Level 3 Fair Value Measurements
Impaired loans		$ 1,233

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, 2023	Mar. 31, 2023	Dec. 31, 2022
Financial assets:
Cash and due from banks	$ 7,560		$ 7,253	[1]
Interest-bearing deposits at other institutions	89,440		74,300	[1]
Securities available-for-sale	216,146	$ 40,300	278,069	[1]
Restricted stock	7,745		15,612	[1]
Loans, net	1,830,664		1,824,394
Bank owned life insurance	56,438		55,371	[1]
Accrued interest receivable	10,151		9,435	[1]
Liabilities
Time deposits	664,296		508,413	[1]
Federal funds purchased	0		30,000	[1]
Subordinated notes	19,606		19,565	[1]
Accrued interest payable	3,033		1,269	[1]
Carrying Amount
Financial assets:
Cash and due from banks	7,560		7,253
Interest-bearing deposits at other institutions	89,440		74,300
Securities held-to-maturity	264		264
Securities available-for-sale	216,146		278,069
Restricted stock	7,745		15,612
Loans, net	1,830,664		1,824,394
Bank owned life insurance	56,438		55,371
Accrued interest receivable	10,151		9,435
Liabilities
Checking, savings and money market accounts	1,331,675		1,321,749
Time deposits	664,296		508,413
Federal funds purchased			30,000
FHLB advances	50,000		235,000
Subordinated notes	19,606		19,565
Accrued interest payable	3,033		1,269
Carrying Amount | Cash flow hedge
Financial assets:
Derivative assets	10,879		4,251
Carrying Amount | Interest rate swap
Financial assets:
Derivative assets	5,758		4,260
Liabilities
Derivative liabilities	5,758		4,260
Level 1
Financial assets:
Cash and due from banks	7,560		7,253
Interest-bearing deposits at other institutions	89,440		74,300
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
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 1 | Cash flow hedge
Financial assets:
Derivative assets	0		0
Level 1 | Interest rate swap
Financial assets:
Derivative assets	0		0
Liabilities
Derivative liabilities	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		252
Securities available-for-sale	216,146		278,069
Restricted stock	7,745		15,612
Loans, net	0		0
Bank owned life insurance	56,438		55,371
Accrued interest receivable	10,151		9,435
Liabilities
Checking, savings and money market accounts	1,331,675		1,321,749
Time deposits	663,207		510,754
Federal funds purchased			30,000
FHLB advances	50,000		235,000
Subordinated notes	18,763		18,856
Accrued interest payable	3,033		1,269
Level 2 | Cash flow hedge
Financial assets:
Derivative assets	10,879		4,251
Level 2 | Interest rate swap
Financial assets:
Derivative assets	5,758		4,260
Liabilities
Derivative liabilities	5,758		4,260
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	1,725,171		1,756,984
Bank owned life insurance	0		0
Accrued interest receivable	0		0
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 3 | Cash flow hedge
Financial assets:
Derivative assets	0		0
Level 3 | Interest rate swap
Financial assets:
Derivative assets	0		0
Liabilities
Derivative liabilities	$ 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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Number of anti-dilutive shares excluded from the calculation (in shares)		0		0
Net income	$ 4,039	$ 7,043	$ 8,892	$ 20,080
Weighted average number of shares (in shares)	17,800,000	17,485,000	17,696,000	17,413,000
Effect of dilutive securities, restricted stock units and options (in shares)	474,000	980,000	514,000	1,069,000
Weighted average diluted shares (in shares)	18,274,000	18,465,000	18,210,000	18,482,000
Basic EPS (in dollars per share)	$ 0.23	$ 0.40	$ 0.50	$ 1.15
Diluted EPS (in dollars per share)	$ 0.22	$ 0.38	$ 0.49	$ 1.09
Restricted Stock Units (RSUs)
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Number of anti-dilutive shares excluded from the calculation (in shares)	9,327		9,327

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details)	3 Months Ended				9 Months Ended
	Sep. 30, 2023 USD ($) component	Mar. 31, 2023 USD ($)		Sep. 30, 2022 USD ($) component	Sep. 30, 2023 USD ($) component		Sep. 30, 2022 USD ($) component	Dec. 31, 2022 USD ($)	[1]
Changes in accumulated other comprehensive income
Balance at the beginning of the period	$ 211,051,000	$ 202,382,000	[1]	$ 197,599,000	$ 202,382,000	[1]	$ 209,796,000
Net unrealized (losses) gains during the period	(4,072,000)			(10,388,000)	(1,849,000)		(37,537,000)
Net reclassification adjustment for losses realized in income	0			0	3,582,000		0
Total other comprehensive income (loss)	(4,072,000)			(10,388,000)	1,733,000		(37,537,000)
Balance at the end of the period	211,246,000			$ 194,635,000	211,246,000		$ 194,635,000
Securities available-for-sale, at fair value	$ 216,146,000	$ 40,300,000			$ 216,146,000			$ 278,069,000
Investment portfolio percentage sold		12%
Accumulated Other Comprehensive Income (Loss)
Number of securities component of AOCI | component	2			2	2		2
Changes in accumulated other comprehensive income
Balance at the beginning of the period	$ (30,762,000)	$ (36,567,000)		$ (29,192,000)	$ (36,567,000)		$ (2,043,000)
Balance at the end of the period	(34,834,000)			(39,580,000)	(34,834,000)		(39,580,000)
Available-for-Sale Securities
Changes in accumulated other comprehensive income
Balance at the beginning of the period	(36,316,000)	(39,926,000)		(29,861,000)	(39,926,000)		(1,983,000)
Net unrealized (losses) gains during the period	(7,046,000)			(13,555,000)	(7,018,000)		(41,433,000)
Net reclassification adjustment for losses realized in income					3,582,000
Total other comprehensive income (loss)	(7,046,000)	(3,600,000)		(13,555,000)	(3,436,000)		(41,433,000)
Balance at the end of the period	(43,362,000)			(43,416,000)	(43,362,000)		(43,416,000)
Cash Flow Hedges
Changes in accumulated other comprehensive income
Balance at the beginning of the period	5,554,000	$ 3,359,000		669,000	3,359,000		(60,000)
Net unrealized (losses) gains during the period	2,974,000			3,167,000	5,169,000		3,896,000
Net reclassification adjustment for losses realized in income					0
Total other comprehensive income (loss)	2,974,000			3,167,000	5,169,000		3,896,000
Balance at the end of the period	$ 8,528,000			$ 3,836,000	$ 8,528,000		$ 3,836,000
[1]Derived from audited consolidated financial statements.

Subordinated Notes (Details)

Subordinated Notes (Details) - USD ($)		1 Months Ended	9 Months Ended	12 Months Ended
	Oct. 13, 2020	Feb. 28, 2022	Sep. 30, 2023	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 | Minimum
Subordinated Notes
Notice period for redeem the subordinated notes			30 days
Subordinated Notes | Maximum
Subordinated Notes
Notice period for redeem the subordinated notes			60 days
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 | SOFR
Subordinated Notes
Variable interest rate (as a percent)	4.71%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue Recognition
Non-interest Income (in-scope of Topic 606)	$ 395	$ 350	$ 1,090	$ 1,085
Non-interest Income (out-scope of Topic 606)	(170)	225	(4,601)	1,759
Total noninterest (loss) income	225	575	(3,511)	2,844
Other income
Revenue Recognition
Non-interest Income (in-scope of Topic 606)	13	8	90	97
Service Charges on Deposit Accounts
Revenue Recognition
Non-interest Income (in-scope of Topic 606)	284	241	731	706
Fees, Exchange, and Other Service Charges
Revenue Recognition
Non-interest Income (in-scope of Topic 606)	$ 98	$ 101	$ 269	$ 282

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Supplemental Disclosure of Cash Flow Information:
Interest on deposits and borrowed funds	$ 36,421	$ 8,158
Income taxes	2,360	6,283
Noncash investing and financing activities:
Unrealized (loss) on securities available-for-sale	(4,406)	(52,447)
Unrealized gain on interest rate swaps	6,627	4,932
Adoption of CECL accounting standard	(2,808)	0
Right-of-use assets obtained in the exchange for lease liabilities during the current period	$ 397	$ 522