John Marshall Bancorp (JMSB) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Entity File Number	001-41315
Entity Registrant Name	John Marshall Bancorp, Inc.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	81-5424879
Entity Address State Or Province	VA
Entity Address, Address Line One	1943 Isaac Newton Square
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Reston
Entity Address, Postal Zip Code	20190
City Area Code	703
Local Phone Number	584-0840
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	JMSB
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		14,076,110
Entity Central Index Key	0001710482
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 14,957	$ 2,920
Interest-bearing deposits in banks	59,799	102,879
Total cash and cash equivalents	74,756	105,799
Securities available-for-sale, at fair value	366,546	239,300
Securities held-to-maturity, fair value of $81,765 and $103,258 as of September 30, 2022 and December 31, 2021, respectively	100,598	105,509
Restricted securities, at cost	4,421	4,951
Equity securities, at fair value	1,913	1,869
Loans, net of unearned income	1,725,114	1,666,469
Allowance for loan losses	(20,032)	(20,032)
Net loans	1,705,082	1,646,437
Bank premises and equipment, net	1,331	1,620
Accrued interest receivable	4,744	4,943
Bank owned life insurance	21,071	20,998
Right of use assets	3,936	4,913
Other assets	21,142	12,970
Total assets	2,305,540	2,149,309
Deposits:
Non-interest bearing demand deposits	535,186	488,838
Interest-bearing demand deposits	705,593	633,901
Savings deposits	102,909	101,376
Time deposits	719,653	657,438
Total deposits	2,063,341	1,881,553
Federal Home Loan Bank advances		18,000
Subordinated debt	24,603	24,728
Accrued interest payable	643	843
Lease liabilities	4,186	5,182
Other liabilities	10,555	10,533
Total liabilities	2,103,328	1,940,839
Commitments and contingencies
Shareholders' Equity
Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued
Additional paid-in capital	94,560	91,107
Retained earnings	138,428	117,626
Accumulated other comprehensive loss	(30,916)	(400)
Total shareholders' equity	202,212	208,470
Total liabilities and shareholders' equity	2,305,540	2,149,309
Common stock, voting
Shareholders' Equity
Common stock	$ 140	$ 137

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities held-to-maturity, fair value	$ 81,765	$ 103,258
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	0	0
Common stock, voting
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	30,000,000	30,000,000
Common stock, issued (in shares)	14,070,080	13,745,598
Common stock, outstanding (in shares)	14,026,589	13,745,598
Common stock, voting | Unvested shares
Common stock, issued (in shares)	58,046	75,826
Common stock, non voting
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,000,000	1,000,000
Common stock, issued (in shares)	0	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest and Dividend Income
Interest and fees on loans	$ 18,222	$ 16,737	$ 53,740	$ 52,075
Interest on investment securities, taxable	2,323	1,159	5,597	2,921
Interest on investment securities, tax-exempt	30	30	90	90
Dividends	62	65	185	196
Interest on deposits in banks	571	51	897	134
Total interest and dividend income	21,208	18,042	60,509	55,416
Interest Expense
Deposits	3,068	1,473	6,090	5,268
Federal Home Loan Bank advances		31	42	94
Subordinated debt	448	372	1,461	1,115
Total interest expense	3,516	1,876	7,593	6,477
Net interest income	17,692	16,166	52,916	48,939
Provision for loan losses		325		2,780
Net interest income after provision for loan losses	17,692	15,841	52,916	46,159
Non-interest Income
Service charges on deposit accounts	79	70	240	188
Bank owned life insurance	255	102	445	309
Other service charges and fees	175	120	469	339
Gains on securities				10
Insurance commissions	47	28	312	205
Other operating income (loss)	(106)	5	(493)	155
Total non-interest income	450	325	973	1,206
Non-interest Expenses
Salaries and employee benefits	5,072	4,977	15,754	15,646
Occupancy expense of premises	461	484	1,435	1,505
Furniture and equipment expenses	323	373	989	1,073
Other operating expenses	2,102	1,789	6,247	6,359
Total non-interest expenses	7,958	7,623	24,425	24,583
Income before income taxes	10,184	8,543	29,464	22,782
Income tax expense	2,139	1,782	5,863	4,868
Net income	$ 8,045	$ 6,761	$ 23,601	$ 17,914
Earnings per share, basic	$ 0.57	$ 0.50	$ 1.69	$ 1.31
Earnings per share, diluted	$ 0.57	$ 0.48	$ 1.67	$ 1.29

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Comprehensive Income (Loss)
Net Income	$ 8,045	$ 6,761	$ 23,601	$ 17,914
Other comprehensive income (loss):
Unrealized gain (loss) on available-for-sale securities, net of tax of $(3,709) and $23 for the three months ended September 30, 2022 and September 30, 2021, respectively, net of tax of $(8,081) and $(624) for the nine months ended September 30, 2022 and September 30, 2021, respectively	(13,952)	87	(30,401)	(2,347)
Reclassification adjustment for gains on available-for-sale securities included in net income, net of tax of $(2) for the nine months ended September 30, 2021				(8)
Amortization of unrealized gains on securities transferred to held-to-maturity, net of tax of $(10) and $(8) for the three months ended September 30, 2022 and September 30, 2021, respectively, net of tax of $(31) and $(8) for the nine months ended September 30, 2022 and September 30, 2021, respectively	(36)	(31)	(115)	(31)
Total other comprehensive income (loss)	(13,988)	56	(30,516)	(2,386)
Total comprehensive income (loss)	$ (5,943)	$ 6,817	$ (6,915)	$ 15,528

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Comprehensive Income (Loss)
Unrealized gain (loss) on available-for-sale securities, tax	$ (3,709)	$ 23	$ (8,081)	$ (624)
Reclassification adjustment for gains on available-for-sale securities included in net income, tax				(2)
Unrealized gains on securities transferred to held-to-maturity, tax	$ (10)	$ (8)	$ (31)	$ (8)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning balance at Dec. 31, 2020	$ 135	$ 89,995	$ 92,165	$ 3,786	$ 186,081
Beginning balance (in shares) at Dec. 31, 2020	13,532,558
Net Income			17,914		17,914
Other comprehensive income (loss)				(2,386)	(2,386)
Exercise of stock options	$ 1	216			217
Exercise of stock options (in shares)	30,499
Restricted stock vesting (in shares)	21,353
Share-based compensation		396			396
Ending balance at Sep. 30, 2021	$ 136	90,607	110,079	1,400	202,222
Ending balance (in shares) at Sep. 30, 2021	13,584,410
Beginning balance at Jun. 30, 2021	$ 136	90,448	103,318	1,344	195,246
Beginning balance (in shares) at Jun. 30, 2021	13,578,178
Net Income			6,761		6,761
Other comprehensive income (loss)				56	56
Exercise of stock options		40			40
Exercise of stock options (in shares)	5,812
Restricted stock vesting (in shares)	420
Share-based compensation		119			119
Ending balance at Sep. 30, 2021	$ 136	90,607	110,079	1,400	202,222
Ending balance (in shares) at Sep. 30, 2021	13,584,410
Beginning balance at Dec. 31, 2021	$ 137	91,107	117,626	(400)	208,470
Beginning balance (in shares) at Dec. 31, 2021	13,669,772
Net Income			23,601		23,601
Other comprehensive income (loss)				(30,516)	(30,516)
Dividend declared on common stock ($0.20 per share)			(2,799)		(2,799)
Exercise of stock options	$ 3	3,051			3,054
Exercise of stock options (in shares)	325,649
Restricted stock vesting (in shares)	16,613
Share-based compensation		402			402
Ending balance at Sep. 30, 2022	$ 140	94,560	138,428	(30,916)	202,212
Ending balance (in shares) at Sep. 30, 2022	14,012,034
Beginning balance at Jun. 30, 2022	$ 140	93,935	130,383	(16,928)	207,530
Beginning balance (in shares) at Jun. 30, 2022	13,968,053
Net Income			8,045		8,045
Other comprehensive income (loss)				(13,988)	(13,988)
Exercise of stock options		492			492
Exercise of stock options (in shares)	43,615
Restricted stock vesting (in shares)	366
Share-based compensation		133			133
Ending balance at Sep. 30, 2022	$ 140	$ 94,560	$ 138,428	$ (30,916)	$ 202,212
Ending balance (in shares) at Sep. 30, 2022	14,012,034

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Shareholders' Equity
Dividend paid per share		$ 0.20
Restricted stock vesting, shares surrendered	54	97	18

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Flows from Operating Activities
Net income	$ 23,601	$ 17,914
Adjustment to reconcile net income to net cash provided by operating activities:
Depreciation	430	647
Right of use asset amortization	1,033	1,068
Provision for loan losses		2,780
Share-based compensation expense	402	396
Net amortization of securities	68	338
Fair value adjustment on equity securities	498	(85)
Amortization of debt issuance costs	296	37
Net (gains) losses on premises and equipment	1	(19)
Gains on sales and calls of available-for-sale securities		(10)
Deferred tax expense (benefit)	670	(664)
Net increase in cash surrender value of life insurance	(73)	(309)
Changes in assets and liabilities:
Decrease in accrued interest receivable	199	647
Increase in other assets	(732)	(106)
Decrease in accrued interest payable	(200)	(266)
Increase (decrease) in other liabilities	(1,030)	283
Net cash provided by operating activities	25,163	22,651
Cash Flows from Investing Activities
Net increase in loans	(58,645)	(39,944)
Purchase of available-for-sale securities	(206,889)	(217,460)
Purchase of held-to-maturity securities	(1,003)	(6,031)
Proceeds from maturities, calls and principal repayments of available-for-sale securities	41,151	28,428
Proceeds from maturities, calls and principal repayments of held-to-maturity securities	5,712	1,492
Net redemption of restricted securities	530	728
Net purchase of equity securities	(542)	(628)
Insurance casualty proceeds		22
Purchases of bank premises and equipment	(142)	(286)
Net cash (used in) investing activities	(219,828)	(233,679)
Cash Flows from Financing Activities
Net increase in deposits	181,788	197,428
Net repayment of Federal Home Loan Bank advances	(18,000)	(4,000)
Issuance of subordinated debt	24,579
Repayment of subordinated debt	(25,000)
Cash dividends paid	(2,799)
Issuance of common stock for share options exercised	3,054	217
Net cash provided by financing activities	163,622	193,645
Net decrease in cash and cash equivalents	(31,043)	(17,383)
Cash and cash equivalents, beginning of period	105,799	121,074
Cash and cash equivalents, end of period	74,756	103,691
Supplemental Disclosures of Cash Flow Information
Interest	7,497	6,705
Income taxes	4,387	5,141
Supplemental Disclosures of Noncash Transactions
Unrealized loss on securities available-for-sale	(38,480)	(3,575)
Right of use asset obtained in exchange for new operating lease liability	$ 56	$ 385

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Nature of Business and Summary of Significant Accounting Policies
Nature of Business and Summary of Significant Accounting Policies	Note 1— Nature of Business and Summary of Significant Accounting Policies Nature of Banking Activities John Marshall Bancorp, Inc. (the “Company”), headquartered in Reston, Virginia, became the registered bank holding company under the Bank Holding Company Act of 1956 for its wholly-owned subsidiary, John Marshall Bank (the “Bank”), on March 1, 2017. This reorganization was completed through a one-for-one share exchange in which the Bank’s shareholders received one share of voting common stock of the Company in exchange for each share of the Bank’s voting common stock. The Company was formed on April 21, 2016 under the laws of the Commonwealth Virginia. The Bank was formed on April 5, 2005 under the laws of the Commonwealth of Virginia and was chartered as a bank on February 9, 2006, by the Virginia Bureau of Financial Institutions. The Bank is a member of the Federal Reserve System and is subject to the rules and regulations of the Virginia Bureau of Financial Institutions, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) and the Federal Deposit Insurance Corporation (“FDIC”). The Bank opened for business on April 17, 2006 and provides banking services to its customers primarily in the Washington, D.C. metropolitan area. Basis of Presentation The accounting and reporting policies of John Marshall Bancorp, Inc. conform to generally accepted accounting principles in the United States of America (“GAAP”) and reflect practices of the banking industry. The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financial reporting and with applicable quarterly reporting regulations of the U.S. Securities and Exchange Commission (“SEC”). They do not include all of the information and notes required by GAAP for complete financial statements. As such, these consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of and for the year ending December 31, 2021, included in the Company’s Registration Statement on Form 10, as amended, filed with the SEC on April 18, 2022. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany accounts and transactions between the Company and the Bank have been eliminated. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results to be expected for any other interim period or for the full year. All amounts and disclosures included in this quarterly report as of December 31, 2021, were derived from the Company’s audited consolidated financial statements. Certain items in the prior period financial statements have been reclassified to conform to the current presentation. These reclassifications had no effect on prior year net income or shareholders’ equity. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASUs 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASUs have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the SEC and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. As part of the Company’s implementation efforts, we have reconciled and validated historical loan, charge-off and recovery data, determined segmentation of the loan portfolio for application of the current expected credit losses (“CECL”) calculation, determined the key assumptions to be utilized in the calculation, selected lifetime loss reserve calculation methods and established a methodology framework, updated our qualitative factor framework, performed parallel runs of the CECL calculation, and completed the third party model validation review. The ultimate impact of CECL on the allowance for credit losses will depend on the size and composition of the loan portfolio, the portfolio’s credit quality and economic conditions at the time of adoption, as well as any refinements to the CECL model, methodology and key assumptions. At adoption, the Company will record a cumulative effect adjustment to retained earnings for incremental change in the allowance for credit losses. ​ In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings (“TDRs”) 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 certain loan refinancings and restructurings by creditors when a borrower is 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 TDRs, where an entity has the option to apply a modified retrospective transition method resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. For entities that have not yet adopted ASU 2016-13 (such as the Company), the effective dates for the provisions of ASU 2022-02 are the same as the effective dates in ASU 2016-13. Early adoption is permitted if an entity has adopted ASU 2016-13; however, the Company does not expect to adopt ASU 2016-13 in advance of the required implementation date. The Company is currently assessing the impact that ASU 2022-02 will have on its consolidated financial statements.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2022
Investment Securities
Investment Securities	Note 2— Investment Securities The following table summarizes the amortized cost and fair value of securities held-to-maturity and available-for-sale and the corresponding amounts of gross unrealized gains and losses at September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ U.S Treasuries ​ $ 6,000 ​ $ — ​ $ (895) ​ $ 5,105 U.S. government and federal agencies ​ 35,588 ​ — ​ (6,318) ​ 29,270 Collateralized mortgage obligations ​ 21,924 ​ — ​ (4,155) ​ 17,769 Taxable municipal ​ 6,076 ​ — ​ (1,340) ​ 4,736 Mortgage-backed ​ 31,010 ​ — ​ (6,125) ​ 24,885 Total Held-to-maturity Securities ​ $ 100,598 ​ $ — ​ $ (18,833) ​ $ 81,765 Available-for-sale ​ ​ ​ ​ U.S Treasuries ​ $ 63,404 ​ $ — ​ $ (4,585) ​ $ 58,819 U.S. government and federal agencies ​ 38,717 ​ — ​ (4,261) ​ 34,456 Corporate bonds ​ 3,000 ​ — ​ (308) ​ 2,692 Collateralized mortgage obligations ​ 46,188 ​ — ​ (5,977) ​ 40,211 Tax-exempt municipal ​ 4,996 ​ — ​ (623) ​ 4,373 Taxable municipal ​ 608 ​ — ​ (30) ​ 578 Mortgage-backed ​ 249,113 ​ — ​ (23,696) ​ 225,417 Total Available-for-sale Securities ​ $ 406,026 ​ $ — ​ $ (39,480) ​ $ 366,546 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ U.S Treasuries ​ $ 6,000 ​ $ — ​ $ (150) ​ $ 5,850 U.S. government and federal agencies ​ 35,720 ​ — ​ (726) ​ 34,994 Collateralized mortgage obligations ​ 25,606 ​ — ​ (534) ​ 25,072 Taxable municipal ​ 6,089 ​ — ​ (194) ​ 5,895 Mortgage-backed ​ 32,094 ​ — ​ (647) ​ 31,447 Total Held-to-maturity Securities ​ $ 105,509 ​ $ — ​ $ (2,251) ​ $ 103,258 Available-for-sale ​ ​ ​ ​ U.S Treasuries ​ $ 30,954 ​ $ — ​ $ (411) ​ $ 30,543 U.S. government and federal agencies ​ 34,803 ​ 258 ​ (524) ​ 34,537 Corporate bonds ​ 1,000 ​ 31 ​ — ​ 1,031 Collateralized mortgage obligations ​ 39,596 ​ 179 ​ (726) ​ 39,049 Tax-exempt municipal ​ 5,007 ​ 255 ​ — ​ 5,262 Taxable municipal ​ 1,653 ​ 37 ​ (5) ​ 1,685 Mortgage-backed ​ 127,287 ​ 1,232 ​ (1,326) ​ 127,193 Total Available-for-sale Securities ​ $ 240,300 ​ $ 1,992 ​ $ (2,992) ​ $ 239,300 ​ During 2021, the Company transferred investment securities with a carrying value of $99.0 million, including an unrealized gain of $593 thousand from available-for-sale to held-to-maturity and began classifying certain newly purchased debt securities as held-to-maturity, as it has the intent and ability to hold these securities to maturity. The unrealized gain at the time of transfer is being amortized over the remaining lives of the securities. The Company did not sell nor recognize any gain or loss for any debt securities for the three or nine months ended September 30, 2022. The Company did not sell any debt securities for the three or nine months ended September 30, 2021. A gross gain of $10 thousand was recognized on the call of a security during the nine months ended September 30, 2021. Securities having a market value of $91.4 million and $78.6 million at September 30, 2022 and December 31, 2021, respectively, were pledged to secure public deposits and for other purposes required by law. These securities had an amortized cost of $105.8 million and $78.8 million at September 30, 2022 and December 31, 2021, respectively. The following tables summarize the fair value of securities held-to-maturity and securities available-for-sale at September 30, 2022 and December 31, 2021 and the corresponding amounts of gross unrealized losses. Management uses the valuations as of month-end in determining when securities are in an unrealized loss position. Therefore, a security’s market value could have exceeded its amortized cost on other days during the prior twelve-month period. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Less than 12 Months ​ 12 Months or Longer ​ Total ​ ​ ​ ​ Gross ​ ​ ​ Gross ​ ​ ​ Gross ​ ​ Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Held-to-maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S Treasuries ​ $ — ​ $ — ​ $ 5,105 ​ $ (895) ​ $ 5,105 ​ $ (895) U.S. government and federal agencies ​ 834 ​ (166) ​ 28,436 ​ (6,152) ​ 29,270 ​ (6,318) Collateralized mortgage obligations ​ 5,679 ​ (1,126) ​ 12,090 ​ (3,029) ​ 17,769 ​ (4,155) Taxable municipal ​ — ​ — ​ 4,736 ​ (1,340) ​ 4,736 ​ (1,340) Mortgage-backed ​ 1,643 ​ (328) ​ 23,242 ​ (5,797) ​ 24,885 ​ (6,125) Total Held-to-maturity Securities ​ $ 8,156 ​ $ (1,620) ​ $ 73,609 ​ $ (17,213) ​ $ 81,765 ​ $ (18,833) Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S Treasuries ​ $ 39,019 ​ $ (2,025) ​ $ 19,800 ​ $ (2,560) ​ $ 58,819 ​ $ (4,585) U.S. government and federal agencies ​ 20,293 ​ (1,831) ​ 14,163 ​ (2,430) ​ 34,456 ​ (4,261) Corporate bonds ​ 2,692 ​ (308) ​ — ​ — ​ 2,692 ​ (308) Collateralized mortgage obligations ​ 20,001 ​ (1,507) ​ 20,210 ​ (4,470) ​ 40,211 ​ (5,977) Tax-exempt municipal ​ 4,373 ​ (623) ​ — ​ — ​ 4,373 ​ (623) Taxable municipal ​ 336 ​ (2) ​ 242 ​ (28) ​ 578 ​ (30) Mortgage-backed ​ 165,485 ​ (13,529) ​ 59,932 ​ (10,167) ​ 225,417 ​ (23,696) Total Available-for-sale Securities ​ $ 252,199 ​ $ (19,825) ​ $ 114,347 ​ $ (19,655) ​ $ 366,546 ​ $ (39,480) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Less than 12 Months ​ 12 Months or Longer ​ Total ​ ​ ​ ​ Gross ​ ​ ​ Gross ​ ​ ​ ​ Gross ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized (Dollars in thousands) ​ Value Losses Value Losses Value Losses Held-to-maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S Treasuries ​ $ 5,851 ​ $ (150) ​ $ — ​ $ — ​ $ 5,851 ​ $ (150) U.S. government and federal agencies ​ 31,617 ​ (645) ​ 3,376 ​ (81) ​ 34,993 ​ (726) Collateralized mortgage obligations ​ 25,072 ​ (534) ​ — ​ — ​ 25,072 ​ (534) Taxable municipal ​ 3,971 ​ (133) ​ 1,923 ​ (61) ​ 5,894 ​ (194) Mortgage-backed ​ 27,995 ​ (573) ​ 3,452 ​ (74) ​ 31,447 ​ (647) Total Held-to-maturity Securities ​ $ 94,506 ​ $ (2,035) ​ $ 8,751 ​ $ (216) ​ $ 103,257 ​ $ (2,251) Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S Treasuries ​ $ 30,543 ​ $ (411) ​ $ — ​ $ — ​ $ 30,543 ​ $ (411) U.S. government and federal agencies ​ 14,154 ​ (301) ​ 6,877 ​ (223) ​ 21,031 ​ (524) Collateralized mortgage obligations ​ 30,352 ​ (726) ​ — ​ — ​ 30,352 ​ (726) Taxable municipal ​ 265 ​ (5) ​ — ​ — ​ 265 ​ (5) Mortgage-backed ​ 93,129 ​ (1,280) ​ 918 ​ (46) ​ 94,047 ​ (1,326) Total Available-for-sale Securities ​ $ 168,443 ​ $ (2,723) ​ $ 7,795 ​ $ (269) ​ $ 176,238 ​ $ (2,992) ​ U.S. Treasuries which may be maturity, the Company did not consider those investments to be other-than-temporarily impaired at September 30, 2022 or December 31, 2021. U.S. Government and Federal Agencies Collateralized Mortgage Obligation Securities Municipal Securities Corporate Securities Mortgage-Backed Securities The Company reviews each debt security for other-than-temporary impairment on at least a quarterly basis based on criteria that include the extent to which cost exceeds market price, the duration of that market decline, the financial health of and specific prospects for the issuer, the security’s ratings, the Company’s best estimate of the present value of cash flows expected to be collected from debt securities, the intention with regards to holding the security to maturity and the likelihood that the Company would be required to sell the security before recovery. The Company did not consider those investments to be other-than-temporary impaired at September 30, 2022 or December 31, 2021. Additionally, the Company has not recognized any other-than-temporary impairment on any of the investments owned as of September 30, 2022. The table below summarizes, by major security type, the contractual maturities of our investment securities as of September 30, 2022. Borrowers may have the right to call or prepay certain obligations and as such, the expected maturities of our securities are likely to differ from the scheduled contractual maturities presented below. ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Amortized ​ Fair (Dollars in thousands) Cost Value Held-to-maturity ​ ​ Due in one year or less ​ $ — ​ $ — Due after one year through five years ​ 993 ​ 840 Due after five years through ten years ​ 42,260 ​ 35,082 Due after ten years ​ 57,345 ​ 45,843 Total Held-to-maturity Securities ​ $ 100,598 ​ $ 81,765 Available-for-sale ​ ​ Due in one year or less ​ $ 38 ​ $ 38 Due after one year through five years ​ 99,559 ​ 92,262 Due after five years through ten years ​ 167,122 ​ 153,112 Due after ten years ​ 139,307 ​ 121,134 Total Available-for-sale Securities ​ $ 406,026 ​ $ 366,546 ​ In the prevailing rate environments as of September 30, 2022 and December 31, 2021, the Company’s investment portfolio had an estimated weighted average remaining life of approximately 4.6 years and 4.5 years, respectively. The table below summarizes the carrying amount of restricted securities as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 December 31, 2021 Federal Reserve Bank Stock ​ $ 3,288 ​ $ 3,275 Federal Home Loan Bank Stock ​ 1,073 ​ 1,616 Community Bankers’ Bank Stock ​ 60 ​ 60 Total Restricted Securities ​ $ 4,421 ​ $ 4,951 ​ The Company held equity securities with readily determinable fair values totaling $1.9 million at September 30, 2022 and December 31, 2021. Changes in the fair value of these securities are reflected in earnings. Losses of $(107) thousand and $(14) thousand were recorded in other non-interest income in the Consolidated Statements of Income for the three months ended September 30, 2022 and September 30, 2021, respectively. A loss of $(498) thousand and a gain of $85 thousand was recorded in other non-interest income in the Consolidated Statements of Income for the nine months ended September 30, 2022 and September 30, 2021, respectively. These securities consist of mutual funds held in a trust and were obtained for the purpose of economically hedging changes in the Company’s nonqualified deferred compensation liability.

Loans

Loans	9 Months Ended
	Sep. 30, 2022
Allowance for Loan Losses
Loans	Note 3— Loans The following table presents the composition of the Company’s loan portfolio as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 December 31, 2021 Real Estate Loans: ​ ​ ​ ​ Commercial ​ $ 1,091,221 ​ $ 968,442 Construction and land development ​ 199,324 ​ 231,090 Residential ​ ​ 385,696 ​ ​ 342,491 Commercial - Non-Real Estate: ​ ​ Commercial loans ​ 45,105 ​ 122,945 Consumer - Non-Real Estate: ​ ​ Consumer loans ​ 585 ​ 586 Total Gross Loans ​ $ 1,721,931 ​ $ 1,665,554 Allowance for loan losses ​ (20,032) ​ (20,032) Net deferred loan costs ​ 3,183 ​ 915 Total net loans ​ $ 1,705,082 ​ $ 1,646,437 ​

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2022
Allowance for Loan Losses
Allowance for Loan Losses	Note 4— Allowance for Loan Losses The following tables present the activity in the allowance for loan losses for the nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ Beginning Balance, December 31, 2021 ​ $ 13,091 ​ $ 2,824 ​ $ 2,769 ​ $ 711 ​ $ 5 ​ $ 632 ​ $ 20,032 Charge-offs ​ (1) ​ — ​ — ​ — ​ — ​ — ​ ​ (1) Recoveries ​ — ​ — ​ — ​ 1 ​ — ​ — ​ 1 Provision ​ 345 ​ 97 ​ (186) ​ (208) ​ 1 ​ (49) ​ — Ending Balance, September 30, 2022 ​ $ 13,435 ​ $ 2,921 ​ $ 2,583 ​ $ 504 ​ $ 6 ​ $ 583 ​ $ 20,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ Beginning Balance, December 31, 2020 ​ $ 10,602 ​ $ 2,617 ​ $ 2,430 ​ $ 1,007 ​ $ 11 ​ $ 350 ​ $ 17,017 Charge-offs ​ (90) ​ — ​ — ​ (1) ​ — ​ — ​ ​ (91) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — Provision ​ 2,001 ​ (782) ​ 88 ​ (291) ​ (6) ​ 1,770 ​ 2,780 Ending Balance, September 30, 2021 ​ $ 12,513 ​ $ 1,835 ​ $ 2,518 ​ $ 715 ​ $ 5 ​ $ 2,120 ​ $ 19,706 ​ The following tables present the balance of the allowance for loan losses, the allowance by impairment methodology, total loans, and loans by impairment methodology as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ ​ 13,435 ​ ​ 2,921 ​ ​ 2,583 ​ ​ 504 ​ ​ 6 ​ ​ 583 ​ ​ 20,032 Total allowance ​ $ 13,435 ​ $ 2,921 ​ $ 2,583 ​ $ 504 ​ $ 6 ​ $ 583 ​ $ 20,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 530 ​ $ — ​ $ — ​ $ — ​ $ 530 Collectively evaluated for impairment ​ ​ 1,091,221 ​ ​ 199,324 ​ ​ 385,166 ​ ​ 45,105 ​ ​ 585 ​ ​ — ​ ​ 1,721,401 Total loans ​ $ 1,091,221 ​ $ 199,324 ​ $ 385,696 ​ $ 45,105 ​ $ 585 ​ $ — ​ $ 1,721,931 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ ​ 13,091 ​ ​ 2,824 ​ ​ 2,769 ​ ​ 711 ​ ​ 5 ​ ​ 632 ​ ​ 20,032 Total allowance ​ $ 13,091 ​ $ 2,824 ​ $ 2,769 ​ $ 711 ​ $ 5 ​ $ 632 ​ $ 20,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 549 ​ $ — ​ $ — ​ $ — ​ $ 549 Collectively evaluated for impairment ​ ​ 968,442 ​ ​ 231,090 ​ ​ 341,942 ​ ​ 122,945 ​ ​ 586 ​ ​ — ​ ​ 1,665,005 Total loans ​ $ 968,442 ​ $ 231,090 ​ $ 342,491 ​ $ 122,945 ​ $ 586 ​ $ — ​ $ 1,665,554 ​ Gross commercial loans included $138 thousand and $69.6 million of Paycheck Protection Program (“PPP”) loans as of September 30, 2022 and December 31, 2021, respectively. The Company does not maintain an allowance on these loan balances, as they are 100% guaranteed by the U.S. Small Business Administration (“SBA”). Management believes the ending allowances at each of the dates indicated were sufficient to absorb the probable losses inherent in the loan portfolio at those dates. ​ The following tables present a summary of impaired loans and the related allowance as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Investment ​ Investment ​ Total ​ ​ ​ ​ Average ​ Interest ​ ​ Principal ​ with ​ with ​ Recorded ​ Related ​ Recorded ​ Income (Dollars in thousands) ​ Balance ​ No Allowance ​ Allowance ​ Investment ​ Allowance ​ Investment ​ Recognized Real Estate Loans ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ — ​ — ​ — Residential ​ 530 ​ 530 ​ — ​ 530 ​ — ​ 540 ​ 15 Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Impaired Loans ​ $ 530 ​ $ 530 ​ $ — ​ $ 530 ​ $ — ​ $ 540 ​ $ 15 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Investment ​ Investment ​ Total ​ ​ ​ ​ Average ​ Interest ​ ​ Principal ​ with ​ with ​ Recorded ​ Related ​ Recorded ​ Income (Dollars in thousands) ​ Balance ​ No Allowance ​ Allowance ​ Investment ​ Allowance ​ Investment (1) ​ Recognized (1) Real Estate Loans ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ — ​ — ​ — Residential ​ 549 ​ 549 ​ — ​ 549 ​ — ​ 569 ​ 24 Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Impaired Loans ​ $ 549 ​ $ 549 ​ $ — ​ $ 549 ​ $ — ​ $ 569 ​ $ 24 (1) Amounts shown for the twelve month period ended December 31, 2021. ​ The following tables present a summary of past due and non-accrual loans by class as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days or More ​ ​ ​ ​ ​ Past ​ Past ​ More ​ Total Past ​ ​ ​ ​ Total ​ Past Due and ​ Nonaccrual (Dollars in thousands) Due Due Past Due Due Current Loans Still Accruing Loans Real Estate Loans ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,091,221 $ 1,091,221 ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ 199,324 ​ 199,324 ​ — ​ — Residential ​ — ​ — ​ — ​ — ​ 385,696 ​ 385,696 ​ — ​ — Commercial ​ — ​ — ​ — ​ — ​ 45,105 ​ 45,105 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ 585 ​ 585 ​ — ​ — Total Loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,721,931 ​ $ 1,721,931 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days or More ​ ​ ​ ​ ​ Past ​ Past ​ More ​ Total Past ​ ​ ​ ​ Total ​ Past Due and ​ Nonaccrual (Dollars in thousands) ​ Due Due Past Due Due Current Loans Still Accruing Loans Real Estate Loans ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 968,442 ​ $ 968,442 ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ 231,090 ​ 231,090 ​ — ​ — Residential ​ — ​ — ​ — ​ — ​ 342,491 ​ 342,491 ​ — ​ — Commercial ​ — ​ — ​ — ​ — ​ 122,945 ​ 122,945 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ 586 ​ 586 ​ — ​ — Total Loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,665,554 ​ $ 1,665,554 ​ $ — ​ $ — ​ The following tables present a summary of credit quality information for loans by class as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total (Dollars in thousands) Pass Mention Substandard Doubtful Loss Loans Real Estate Loans ​ ​ ​ ​ ​ ​ Commercial ​ $ 1,091,221 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,091,221 Construction and land development ​ 197,174 ​ 2,150 ​ ​ — ​ — ​ — ​ 199,324 Residential ​ 385,588 ​ — ​ 108 ​ — ​ — ​ 385,696 Commercial ​ 45,105 ​ — ​ — ​ — ​ — ​ 45,105 Consumer ​ 585 ​ — ​ — ​ — ​ — ​ 585 Total Loans ​ $ 1,719,673 ​ $ 2,150 ​ $ 108 ​ $ — ​ $ — ​ $ 1,721,931 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total (Dollars in thousands) Pass Mention Substandard Doubtful Loss Loans Real Estate Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 961,177 ​ $ 7,029 ​ $ 236 ​ $ — ​ $ — ​ $ 968,442 Construction and land development ​ 230,704 ​ — ​ 386 ​ — ​ — ​ 231,090 Residential ​ 342,377 ​ — ​ 114 ​ — ​ — ​ 342,491 Commercial ​ 122,945 ​ — ​ — ​ — ​ — ​ 122,945 Consumer ​ 586 ​ — ​ — ​ — ​ — ​ 586 Total Loans ​ $ 1,657,789 ​ $ 7,029 ​ $ 736 ​ $ — ​ $ — ​ $ 1,665,554 ​ The Company assesses credit quality based on internal risk rating of loans. Internal risk rating definitions are: Pass Special Mention Substandard Doubtful Loss As part of the Company’s loan modification program to borrowers experiencing financial difficulty, the Company may provide concessions to minimize the economic loss and improve long-term loan performance and collectability. The Company had a recorded investment in TDRs of $530 thousand and $549 thousand as of September 30, 2022 and December 31, 2021, respectively. The Company did not have any loans that were determined to be new TDRs during the three or nine months ended September 30, 2022 and September 30, 2021. As of September 30, 2022 and September 30, 2021, all loans in TDR status were in compliance with their modified terms. There were no loans modified in TDRs that subsequently defaulted within 12 months of their modification date during the three or nine months ended September 30, 2022 and September 30, 2021. All TDRs are considered impaired and impairment is determined on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. As of September 30, 2022 and December 31, 2021, none of the Bank’s TDRs required the recordation of a specific reserve. As of September 30, 2022 and December 31, 2021, there were no additional commitments to disburse funds on loans classified as TDRs.

Deposits and Borrowings

Deposits and Borrowings	9 Months Ended
	Sep. 30, 2022
Deposits and Borrowings
Deposits and Borrowings	Note 5— Deposits and Borrowings The following tables show the components of the Company’s funding sources. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 December 31, 2021 Deposits: ​ ​ Non-interest bearing demand deposits (1) ​ $ 535,186 ​ $ 488,838 Interest-bearing demand deposits (1) ​ 705,593 ​ 633,901 Savings deposits ​ 102,909 ​ 101,376 Time deposits (2) ​ 719,653 ​ 657,438 Total Deposits ​ $ 2,063,341 ​ $ 1,881,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 December 31, 2021 (Dollars in thousands) ​ Stated Interest Rates ​ Weighted-Average Interest Rate ​ Carrying Value ​ Carrying Value Long-term Debt: ​ ​ ​ Subordinated debt 5.25 % ​ 5.25 % $ 24,603 ​ $ 24,728 FHLB advances (3) ​ ​ ​ ​ ​ — ​ 18,000 Total Long-term Debt: ​ ​ ​ ​ ​ $ 24,603 ​ $ 42,728 (1) Overdraft demand deposits reclassified to loans totaled $1 thousand and $2 thousand at September 30, 2022 and December 31, 2021, respectively. (2) The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $283.3 million and $255.0 million at September 30, 2022 and December 31, 2021, respectively. (3) The Company’s Federal Home Loan Bank (“FHLB”) advances were called by the FHLB during the second quarter of 2022. ​ The Company obtains certain deposits through the efforts of third-party brokers. Brokered deposits totaled $284.7 million and $217.7 million at September 30, 2022 and December 31, 2021, respectively, and were included primarily in time deposits on the Company’s Consolidated Balance Sheets. Reciprocal IntraFi certificates of deposit totaled $46.3 million and $61.3 million at September 30, 2022 and December 31, 2021, respectively. Reciprocal IntraFi demand and money market deposits totaled $216.1 million and $209.6 million at September 30, 2022 and December 31, 2021, respectively. At September 30, 2022, there were no depositors that represented 5% or more of the Company’s total deposits. The Company completed a private placement of a $25.0 million fixed-to-floating subordinated note on June 15, 2022 (“2022 note”). Subject to limited exceptions permitting earlier redemption, the note is callable, in whole or in part, commencing July 1, 2027. Unless redeemed earlier, the note will mature on July 1, 2032. The note bears interest at a fixed rate of 5.25% to but excluding July 1, 2027, and will bear interest at a floating rate equal to the three-month Secured Overnight Financing Rate plus 245 basis points thereafter. The note qualifies as Tier 2 capital for regulatory purposes. The note is carried at its principal amount, less unamortized issuance costs. On July 15, 2022, the earliest available call date, the Company utilized the proceeds from the 2022 note issuance to redeem its $25.0 million fixed-to-floating 5.75% subordinated notes that were issued on July 6, 2017 (“2017 notes”). The Company from time to time uses FHLB advances as a source of funding. FHLB advances are secured by a blanket floating lien on all real estate mortgage loans secured by 1-to-4 family residential, multi-family and commercial real estate properties. At September 30, 2022, the Company did not have any outstanding FHLB advances. Available borrowing capacity based on collateral value amounted to approximately $374.6 million as of September 30, 2022. The Company also has federal funds lines of credit with correspondent banks available for overnight borrowing of $105.0 million of which $0 had been drawn upon at September 30, 2022. The Company also has the capacity to borrow up to $27.3 million at the Federal Reserve discount window of which $0 had been drawn upon at September 30, 2022. The Bank had loans pledged at the Federal Reserve discount window totaling $34.0 million as of September 30, 2022. The following table shows the carrying amount of the Company’s time deposits by contractual maturity as of September 30, 2022. ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 2022 ​ $ 131,774 2023 ​ 499,483 2024 ​ 82,693 2025 ​ 2,972 2026 ​ 2,346 Thereafter ​ 385 Total ​ $ 719,653 ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Taxes
Income Taxes	Note 6— Income Taxes The Company files income tax returns in the U.S. federal jurisdiction, the Commonwealth of Virginia, the District of Columbia, the State of Maryland, the State of North Carolina and the State of West Virginia. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years prior to 2019. The following table summarizes the Company’s provision for income taxes charged to operations for the nine months ended September 30, 2022 and September 30, 2021, respectively. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 September 30, 2021 Current tax expense ​ $ 5,193 ​ $ 5,532 Deferred tax expense (benefit) ​ 670 ​ (664) Total Income Tax Expense ​ $ 5,863 ​ $ 4,868 ​ The following table presents the factors driving the difference between the amount of income tax determined by applying the statutory federal income tax rate to income before income taxes and the amount of income tax expense reflected in the Consolidated Statements of Income for the nine months ended September 30, 2022 and September 30, 2021, respectively. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 September 30, 2021 Computed “expected” tax expense ​ $ 6,187 ​ $ 4,784 Increase (decrease) in income taxes resulting from: ​ ​ Bank-owned life insurance ​ (93) ​ (65) Tax-exempt interest income ​ (118) ​ (119) State income taxes, net of federal benefit ​ 347 ​ 163 Excess tax benefit on share-based compensation ​ (370) ​ (17) Other, net ​ (90) ​ 122 Total ​ $ 5,863 ​ $ 4,868 ​

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies
Commitments and Contingencies	Note 7— Commitments and Contingencies The Company is party to 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, standby letters of credit and financial guarantees. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheet. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit and financial guarantees written is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on balance sheet instruments. The Company does not anticipate any material losses as a result of these transactions. The following table summarizes the contract or notional amount of the Company’s exposure to off-balance sheet risk as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 December 31, 2021 Commitments to extend credit ​ $ 258,795 ​ $ 272,701 Standby letters of credit ​ $ 14,850 ​ $ 14,485 ​ 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. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property and equipment, income-producing commercial properties, and other real estate properties. Unfunded commitments under lines of credit are commitments for possible future extensions of credit to existing customers. Those lines of credit may not be drawn upon to the total extent to which the Company is committed. Standby letters of credit written are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements
Fair Value Measurements	Note 8— Fair Value Measurements Determination of Fair Value The Company determines the fair values of its financial instruments based on the fair value hierarchy established by Accounting Standards Codification (“ASC”) Topic 820 – Fair Value Measurement The fair value measurements and disclosures topic specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. Fair Value Hierarchy In accordance with this guidance, the Company groups its assets and liabilities 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 that the reporting entity has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 - Valuation is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 - Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Assets Measured at Fair Value on a Recurring Basis In accordance with ASC Topic 820, the following describes the valuation techniques used by the Company to measure certain financial assets recorded at fair value on a recurring basis in the financial statements. Securities Available-for-sale and Equity Securities Securities available-for-sale and equity securities with readily determinable fair values 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 (Level 2). If the inputs used to provide the evaluation for certain securities are unobservable and/or there is little, if any, market activity then the security would fall to the lowest level of the hierarchy (Level 3). The Company’s investment portfolio is primarily valued using fair value measurements that are considered to be Level 2. The Company has contracted with a third party portfolio accounting service vendor for valuation of its portfolio of debt securities. The vendor’s primary source for security valuation is ICE Data Services, which evaluates securities based on market data. ICE Data Services utilizes evaluated pricing models that vary by asset class and include available trade, bid, and other market information. Generally, the methodology includes broker quotes, proprietary models, vast descriptive terms and conditions databases, as well as extensive quality control programs. The vendor utilizes proprietary valuation matrices for valuing all municipals securities. The initial curves for determining the price, movement, and yield relationships within the municipal matrices are derived from industry benchmark curves or sourced from a municipal trading desk. The securities are further broken down according to issuer, credit support, state of issuance and rating to incorporate additional spreads to the industry benchmark curves. The following tables summarize the fair value of assets measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2022 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Unobservable ​ ​ Balance as of ​ Identical Assets ​ Observable Inputs ​ Inputs (Dollars in thousands) September 30, 2022 (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ Securities available-for-sale: ​ ​ ​ ​ U.S. Treasuries ​ $ 58,819 ​ $ — ​ $ 58,819 ​ $ — U.S. government and federal agencies ​ 34,456 ​ — ​ 34,456 ​ — Corporate bonds ​ 2,692 ​ — ​ 2,692 ​ — Collateralized mortgage obligations ​ 40,211 ​ — ​ 40,211 ​ — Tax-exempt municipal ​ 4,373 ​ — ​ 4,373 ​ — Taxable municipal ​ 578 ​ — ​ 578 ​ — Mortgage-backed ​ 225,417 ​ — ​ 225,417 ​ — Equity securities, at fair value ​ 1,913 ​ 1,913 ​ — ​ — Total assets at fair value ​ $ 368,459 ​ $ 1,913 ​ $ 366,546 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2021 Using ​ ​ ​ Quoted Prices in ​ ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Unobservable ​ ​ Balance as of ​ Identical Assets ​ Observable Inputs ​ Inputs (Dollars in thousands) ​ December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale: ​ ​ ​ ​ ​ U.S. Treasuries ​ $ 30,543 ​ $ — ​ $ 30,543 ​ $ — U.S. government and federal agencies ​ ​ 34,537 ​ — ​ 34,537 ​ — Corporate bonds ​ 1,031 ​ — ​ 1,031 ​ — Collateralized mortgage obligations ​ 39,049 ​ — ​ 39,049 ​ — Tax-exempt municipal ​ 5,262 ​ — ​ 5,262 ​ — Taxable municipal ​ 1,685 ​ — ​ 1,685 ​ — Mortgage-backed ​ 127,193 ​ — ​ 127,193 ​ — Equity securities, at fair value ​ 1,869 ​ 1,869 ​ — ​ — Total assets at fair value ​ $ 241,169 ​ $ 1,869 ​ $ 239,300 ​ $ — ​ Assets Measured at Fair Value on a Nonrecurring Basis Under certain circumstances, the Company makes adjustments to fair value for assets and liabilities although they are not measured at fair value on an ongoing basis. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the financial statements: Impaired Loans Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreements will not be collected when due. The measurement of loss associated with impaired loans can be based on either the observable market price of the loan or the fair value of the collateral. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable. The vast majority of the Company’s collateral is real estate. The value of real estate collateral is determined utilizing a market valuation approach based on an appraisal, of one year or less, conducted by an independent, licensed appraiser using observable market data (Level 2). However, if the collateral is a house or building in the process of construction or if an appraisal of the property is more than one-year-old and not solely based on observable market comparables or management determines the fair value of the collateral is further impaired below the appraised value, then a Level 3 valuation is considered to measure the fair value. The value of business equipment is based upon an outside appraisal, of one year or less, 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). Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Consolidated Statements of Income. The Company had no impaired loans with a recorded reserve as of September 30, 2022 or December 31, 2021. Other Real Estate Owned OREO is carried at the lower of cost or fair value less selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value using observable market data, the Company records the property as Level 2. When an appraised value using observable market data is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the property as Level 3 valuation. Any fair value adjustments are recorded in the period incurred and expensed against current earnings. The Company had no OREO as of September 30, 2022 or December 31, 2021. The following tables present the carrying value and estimated fair value, including the level within the fair value hierarchy, of the Company’s financial instruments as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2022 Using ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ for Identical ​ Significant Other ​ Unobservable ​ ​ ​ ​ Carrying Value ​ Assets ​ Observable Inputs ​ Inputs ​ Fair Value as of (Dollars in thousands) ​ as of September 30, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ September 30, 2022 Assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 74,756 ​ $ 74,756 ​ $ — ​ $ — ​ $ 74,756 Securities: ​ ​ ​ ​ ​ Available-for-sale ​ 366,546 ​ — ​ 366,546 ​ — ​ 366,546 Held-to-maturity ​ 100,598 ​ — ​ 81,765 ​ — ​ 81,765 Equity securities, at fair value ​ 1,913 ​ 1,913 ​ — ​ — ​ 1,913 Restricted securities, at cost ​ ​ 4,421 ​ ​ — ​ ​ 4,421 ​ ​ — ​ ​ 4,421 Loans, net of unearned income ​ 1,705,082 ​ — ​ — ​ 1,631,043 ​ 1,631,043 Bank owned life insurance ​ 21,071 ​ — ​ 21,071 ​ — ​ 21,071 Accrued interest receivable ​ 4,744 ​ — ​ 4,744 ​ — ​ 4,744 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 2,063,341 ​ $ — ​ $ 2,057,563 ​ $ — ​ $ 2,057,563 Subordinated debt ​ 24,603 ​ — ​ — ​ 22,517 ​ 22,517 Accrued interest payable ​ 643 ​ — ​ 643 ​ — ​ 643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2021 Using ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ for Identical ​ Significant Other ​ Unobservable ​ ​ ​ ​ ​ Carrying Value ​ Assets ​ Observable Inputs ​ Inputs ​ Fair Value as of (Dollars in thousands) ​ as of December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ December 31, 2021 Assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 105,799 ​ $ 105,799 ​ $ — ​ $ — ​ $ 105,799 Securities: ​ ​ ​ ​ ​ Available-for-sale ​ 239,300 ​ — ​ 239,300 ​ — ​ 239,300 Held-to-maturity ​ ​ 105,509 ​ ​ — ​ 103,258 ​ — ​ 103,258 Equity securities, at fair value ​ 1,869 ​ 1,869 ​ — ​ — ​ 1,869 Restricted securities, at cost ​ ​ 4,951 ​ ​ — ​ ​ 4,951 ​ ​ — ​ ​ 4,951 Loans, net of unearned income ​ 1,646,437 ​ — ​ — ​ 1,659,396 ​ 1,659,396 Bank owned life insurance ​ 20,998 ​ — ​ 20,998 ​ — ​ 20,998 Accrued interest receivable ​ 4,943 ​ — ​ 4,943 ​ — ​ 4,943 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 1,881,553 ​ $ — ​ $ 1,882,132 ​ $ — ​ $ 1,882,132 FHLB advances ​ 18,000 ​ — ​ 17,837 ​ — ​ 17,837 Subordinated debt ​ 24,728 ​ — ​ — ​ 25,325 ​ 25,325 Accrued interest payable ​ 843 ​ — ​ 843 ​ — ​ 843 ​

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Sep. 30, 2022
Earnings per Common Share
Earnings per Common Share	Note 9— Earnings per Common Share Earnings per common share is calculated in accordance with ASC 260 - Earnings Per Share Under the two-class method, basic earnings per common share is computed by dividing net earnings allocated to common stock by the weighted-average number of voting common shares outstanding during the applicable period, excluding outstanding participating securities. Diluted earnings per common share is computed using the weighted-average number of shares determined for the basic earnings per common share computation plus the dilutive effect of stock compensation using the treasury stock method. The following table summarizes the computation of earnings per share for the three and nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2022 2021 2022 2021 Earnings per common share - basic: ​ ​ ​ ​ ​ ​ Income available to common shareholders (in thousands): ​ ​ ​ ​ ​ ​ Net income ​ $ 8,045 ​ $ 6,761 ​ $ 23,601 ​ $ 17,914 ​ Less: Income attributable to unvested restricted stock awards ​ (33) ​ (30) ​ (103) ​ (85) ​ Net income available to common shareholders ​ $ 8,012 ​ $ 6,731 ​ $ 23,498 ​ $ 17,829 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding: ​ ​ ​ ​ ​ Common shares outstanding, including unvested restricted stock ​ 14,047,746 ​ 13,641,330 ​ 13,963,307 ​ 13,635,404 ​ Less: Unvested restricted stock ​ (58,332) ​ (60,792) ​ (60,983) ​ (64,955) ​ Weighted-average common shares outstanding - basic ​ 13,989,414 ​ 13,580,538 ​ 13,902,324 ​ 13,570,449 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - basic ​ $ 0.57 ​ $ 0.50 ​ $ 1.69 ​ $ 1.31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - diluted: ​ ​ ​ ​ ​ Income available to common shareholders (in thousands): ​ ​ ​ ​ ​ Net income ​ $ 8,045 ​ $ 6,761 ​ $ 23,601 ​ $ 17,914 ​ Less: Income attributable to unvested restricted stock awards ​ (33) ​ (30) ​ (103) ​ (85) ​ Net income available to common shareholders ​ $ 8,012 ​ $ 6,731 ​ $ 23,498 ​ $ 17,829 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding: ​ ​ ​ ​ ​ Common shares outstanding, including unvested restricted stock ​ 14,047,746 ​ 13,641,330 ​ 13,963,307 ​ 13,635,405 ​ Less: Unvested restricted stock ​ (58,332) ​ (60,792) ​ (60,983) ​ (64,955) ​ Plus: Effect of dilutive options ​ 118,872 ​ 302,566 ​ 163,563 ​ 294,776 ​ Weighted-average common shares outstanding - diluted ​ 14,108,286 ​ 13,883,104 ​ 14,065,887 ​ 13,865,226 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - diluted ​ $ 0.57 ​ $ 0.48 ​ $ 1.67 ​ $ 1.29 ​ ​ Outstanding options to purchase common stock were considered in the computation of diluted earnings per share for the periods presented. All stock options outstanding as of September 30, 2022 were included in computing diluted earnings per share for the three and nine month periods ended September 30, 2022, as none had anti-dilutive effects. All stock options outstanding as of September 30, 2021 were included in computing diluted earnings per share for the three month period ended September 30, 2021, as none had anti-dilutive effects. Stock options representing 15,000 weighted average shares were not included in computing diluted earnings per share for the nine months September 30, 2021 because their effects were anti-dilutive.

Stock Based Compensation Plan

Stock Based Compensation Plan	9 Months Ended
	Sep. 30, 2022
Stock Based Compensation Plan
Stock Based Compensation Plan	Note 10— Stock Based Compensation Plan The Company’s share-based compensation plan, approved by stockholders and effective April 28, 2015 (the “2015 Plan”), provides for the grant of share-based awards in the form of incentive stock options, non-incentive stock options, restricted stock and restricted stock units to directors and employees. The Company has reserved 976,211 shares of voting common stock for issuance under the 2015 Plan, which will remain in effect until April 28, 2025. The Company’s Compensation Committee administers the 2015 Plan and has the authority to determine the terms and conditions of each award thereunder. As of September 30, 2022, 323,630 shares are available to grant in future periods under the 2015 Plan. The Company’s previous share-based compensation plan, the 2006 Stock Option Plan (the “2006 Plan”), provided for the grant of share-based awards in the form of incentive stock options and non-incentive stock options to directors and employees. As amended, the 2006 Plan provided for awards of up to 1,490,700 shares. In April 2015, the 2006 Plan was terminated and replaced with the 2015 Plan. Options outstanding prior to April 28, 2015 were granted under the 2006 Plan and shall be subject to the provisions of the 2006 Plan. To date, options granted under the 2015 Plan typically vest over five years and expire 10 years from the grant date. Under the 2015 Plan, the exercise price of options may not be less than 100% of fair market value at the grant date with a maximum term for an option award of 10 years from the date of grant. The table below provides a summary of the stock options activity for the nine months ended September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ Weighted Average ​ Aggregate Intrinsic ​ Shares Exercise Price Value Outstanding at January 1, 2022 534,236 ​ $ 10.45 ​ Granted — ​ — ​ Exercised (325,649) ​ 9.39 ​ Forfeited or expired (3,653) ​ 8.79 ​ Outstanding at September 30, 2022 204,934 ​ 12.17 ​ $ 2,538,641 Exercisable at September 30, 2022 204,934 ​ $ 12.17 ​ $ 2,538,641 ​ The aggregate intrinsic value of stock options in the table above represents the total 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 Company had all option holders exercised their options on September 30, 2022. The intrinsic value of options exercised was $693 thousand and $4.4 million for the three and nine months ended September 30, 2022, respectively, and $66 thousand and $268 thousand for the three and nine months ended September 30, 2021. These amounts and the intrinsic values noted in the table above change based on changes in the market value of the Company’s voting common stock. The table below provides a summary of the stock options outstanding and exercisable as of September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining ​ ​ ​ Remaining ​ ​ Number ​ Contractual Life ​ Number ​ Contractual Life Exercise Prices Outstanding in Years Exercisable in Years $0.00 - $11.00 187 0.29 187 0.29 $11.01 - $12.00 188,685 2.56 188,685 2.56 $12.01 - $16.00 1,062 2.23 1,062 2.23 $16.01 - $18.16 15,000 5.58 15,000 5.58 Total 204,934 2.77 204,934 2.77 ​ There were no options granted during the three or nine month periods ended September 30, 2022 or 2021. Share-based compensation expense applicable to the Company’s share-based compensation plans for stock options was $10 thousand for the nine months ended September 30, 2021. The Company did not record any share-based compensation expense applicable to the Company’s share-based compensation plans for stock options during the three months ended September 30, 2021 or for the three or nine months ended September 30, 2022. The Company does not have any unrecognized share-based compensation expense related to nonvested options as of September 30, 2022. The table below provides a summary of the restricted stock awards granted under the 2015 plan for the nine months ended September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ Weighted Average ​ Shares Grant Date Fair Value Nonvested at January 1, 2022 75,826 ​ $ 17.25 Granted 500 ​ 22.10 Vested (16,710) ​ 17.03 Forfeited (1,570) ​ 16.55 Nonvested at September 30, 2022 58,046 ​ ​ 17.37 ​ Compensation expense for restricted stock grants is recognized over the vesting period of the awards based on the fair value of the Company’s voting common stock at issue date. The fair value of the stock was determined using the closing stock price on the day of grant. The restricted stock grants vest over two Share-based compensation expense applicable to the Company’s share-based compensation plans for restricted stock grants was $133 thousand and $119 thousand for the three months ended September 30, 2022 and September 30, 2021, respectively. The total fair value of the shares, which vested during the three months ended September 30, 2022 and September 30, 2021, was $10 thousand and $8 thousand, respectively. Share-based compensation expense applicable to the Company’s share-based compensation plans for restricted stock grants was $402 thousand and $386 thousand for the nine months ended September 30, 2022 and September 30, 2021, respectively. The total fair value of the shares, which vested during the nine months ended September 30, 2022 and September 30, 2021, was $381 thousand and $361 thousand, respectively. Unrecognized share-based compensation expense related to nonvested restricted stock grants amounted to $628 thousand as of September 30, 2022. This amount is expected to be recognized over a weighted-average period of 1.5 years.

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2022
Regulatory Capital
Regulatory Capital	Note 11— Regulatory Capital The Company is a bank holding company with less than $3 billion in assets and does not (i) have significant off balance sheet exposure, (ii) engage in significant non-banking activities, or (iii) have a material amount of securities registered under the Securities Exchange Act of 1934, as amended. As a result, the Company qualifies as a small bank holding company under the Federal Reserve’s Small Bank Holding Company Policy Statement and is currently not subject to consolidated regulatory capital requirements. The Bank is subject to capital adequacy standards adopted by the Federal Reserve, including the capital rules that implemented the Basel III regulatory capital reforms developed by the Basel Committee on Banking Supervision. Failure to meet minimum capital requirements can initiate certain mandatory – possibly additional discretionary – actions by regulators that, if undertaken, could have a direct material effect on the financial statements. Under capital adequacy guidelines, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Management believes that the Bank met all capital adequacy requirements to which it was subject as of September 30, 2022 and December 31, 2021. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital to risk-weighted assets, common equity Tier 1 to risk-weighted assets, and Tier 1 capital to average assets. In addition to the minimum regulatory capital required for capital adequacy purposes, the Bank is required to maintain a minimum capital conservation buffer above those minimums in the form of common equity. The capital conservation buffer, which was phased in ratably over a four year period beginning January 1, 2016, is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of common equity Tier 1 to risk-weighted assets above the minimum but below the conservation buffer will face constraints on dividends, equity repurchases, and discretionary compensation paid to certain officers, based on the amount of the shortfall. The capital conservation buffer was 2.5% at September 30, 2022, and is applicable for the common equity Tier 1, Tier 1, and total capital ratios. The Bank’s institution specific capital conservation buffer above the required minimums was 7.4% at September 30, 2022. As of September 30, 2022, the most recent notification from the Federal Reserve Bank of Richmond (the “Reserve Bank”) categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the institution must maintain minimum total risk-based, common equity Tier 1, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since the notification that management believes have changed the Bank’s category. The table below provides a summary of the Bank’s capital ratios as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum To Be Well Capitalized ​ ​ Actual ​ Minimum Capital Requirement (1) ​ Under Prompt Corrective Action (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of September 30, 2022 ​ ​ ​ ​ Total capital (to risk weighted assets) ​ $ 274,611 15.4 % $ 187,251 10.5 % $ 178,334 10.0 % Tier 1 capital (to risk weighted assets) ​ 254,226 14.3 % 151,584 8.5 % 142,668 8.0 % Common equity tier 1 capital (to risk weighted assets) ​ 254,226 14.3 % 124,834 7.0 % 115,917 6.5 % Tier 1 capital (to average assets) ​ 254,226 11.0 % 92,494 4.0 % 115,618 5.0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ ​ ​ ​ Total capital (to risk weighted assets) ​ $ 252,843 15.3 % $ 173,923 10.5 % $ 165,641 10.0 % Tier 1 capital (to risk weighted assets) ​ 232,458 14.0 % 140,795 8.5 % 132,513 8.0 % Common equity tier 1 capital (to risk weighted assets) ​ 232,458 14.0 % 115,948 7.0 % 107,666 6.5 % Tier 1 capital (to average assets) ​ 232,458 11.0 % 84,799 4.0 % 105,999 5.0 % (1)

Revenue

Revenue	9 Months Ended
	Sep. 30, 2022
Revenue
Revenue	Note 12— Revenue Certain of the Company’s non-interest revenue streams are derived from short-term contacts associated with services provided to deposit account holders as well as other ancillary services, which are accounted for in accordance with ASC 606 – Revenue Recognition The following table shows the components of non-interest income for the three and nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ ​ September 30, ​ September 30, ​ (Dollars in thousands) 2022 2021 2022 2021 Service charges on deposit accounts (1) ​ ​ ​ ​ ​ ​ Overdrawn account fees ​ $ 19 ​ $ 22 ​ $ 60 ​ $ 53 ​ Account service fees ​ 60 ​ 48 ​ 180 ​ 135 ​ Other service charges and fees (1) ​ ​ ​ ​ ​ Interchange income ​ 108 ​ 96 ​ 306 ​ 273 ​ Other charges and fees ​ 67 ​ 24 ​ 163 ​ 66 ​ Bank owned life insurance ​ 255 ​ 102 ​ 445 ​ 309 ​ Gains on securities ​ — ​ — ​ — ​ 10 ​ Net gains (losses) on premises and equipment (1) ​ — ​ 19 ​ (1) ​ 19 ​ Insurance commissions (1) ​ 47 ​ 28 ​ 312 ​ 205 ​ Other operating income (loss) (2) ​ (106) ​ (14) ​ (492) ​ 136 ​ Total non-interest income ​ $ 450 ​ $ 325 ​ $ 973 ​ $ 1,206 ​ (1) Income within the scope of ASC 606 – Revenue Recognition (2) Includes other operating income (loss) within the scope of ASC 606 – Revenue Recognition nonqualified deferred compensation liability. Includes other operating income (loss) within the scope of ASC 606 – Revenue Recognition A description of the Company’s revenue streams accounted for under ASC 606 follows: Service charges on deposit accounts Service charges on deposit accounts consist of overdrawn account fees and account service fees. Overdrawn account fees are recognized at the point in time that the overdraft occurs. Account service fees consist primarily of account analysis and other maintenance fees and are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Payment for service charges on deposit accounts is received immediately or in the following month through a direct charge to customers’ accounts. Other service charges and fees Other service charges and fees are primarily comprised of interchange income and other charges and fees. Interchange income is earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. Other charges and fees include revenue from processing wire transfers, cashier’s checks, and other transaction based services. The Company’s performance obligation for these charges and fees 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. Net gains (losses) on premises and equipment The Company records a gain or loss on the disposition of premises and equipment when control of the property transfers or is involuntarily converted to a monetary asset (e.g., insurance proceeds). This income is reflected in other operating income on the Company’s Consolidated Statements of Income. Insurance commissions The Company performs the function of an insurance intermediary by introducing the policyholder and insurer and is compensated in the form of a commission for placement of an insurance policy based on a percentage of premiums issued and maintained during the period. Revenue is recognized when received.

Other Operating Expenses

Other Operating Expenses	9 Months Ended
	Sep. 30, 2022
Other Operating Expenses
Other Operating Expenses	Note 13— Other Operating Expenses The following table shows the components of other operating expenses for the three and nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ ​ September 30, ​ September 30, ​ (Dollars in thousands) 2022 2021 2022 2021 Advertising expense ​ $ 47 ​ $ 99 ​ $ 147 ​ $ 309 ​ Data processing ​ 484 ​ 297 ​ 1,412 ​ 1,048 ​ FDIC insurance ​ 140 ​ 185 ​ 410 ​ 672 ​ Professional fees ​ 281 ​ 218 ​ 852 ​ 1,116 ​ State franchise tax ​ 523 ​ 461 ​ 1,570 ​ 1,387 ​ Director costs ​ 200 ​ 201 ​ 615 ​ 591 ​ Other operating expenses ​ 427 ​ 328 ​ 1,241 ​ 1,236 ​ Total other operating expenses ​ $ 2,102 ​ $ 1,789 ​ $ 6,247 ​ $ 6,359 ​ ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	Note 14— Accumulated Other Comprehensive Income (Loss) The following table presents the changes in accumulated other comprehensive income (loss), by category, net of tax for the nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Unrealized Gains on ​ ​ ​ ​ ​ ​ ​ ​ Securities Transferred from ​ ​ ​ ​ ​ Unrealized Gain (Loss) on ​ Available-for-sale to ​ Accumulated Other (Dollars in thousands) Available-for-sale Securities Held-to-maturity Comprehensive Income (Loss) Beginning balance, January 1, 2022 ​ $ (789) ​ $ 389 ​ $ (400) Net change during the period ​ (30,401) ​ (115) ​ (30,516) Ending balance, September 30, 2022 ​ $ (31,190) ​ $ 274 ​ $ (30,916) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ Unrealized Gains on ​ ​ ​ ​ ​ ​ ​ ​ Securities Transferred from ​ ​ ​ ​ ​ Unrealized Gain (Loss) on ​ Available-for-sale to ​ Accumulated Other (Dollars in thousands) Available-for-sale Securities Held-to-maturity Comprehensive Income (Loss) Beginning balance, January 1, 2021 ​ $ 3,786 ​ $ — ​ $ 3,786 Net change during the period ​ (2,824) ​ 438 ​ (2,386) Ending balance, September 30, 2021 ​ $ 962 ​ $ 438 ​ $ 1,400 ​ The Company did not have any items reclassified out of accumulated other comprehensive income (loss) to net income during the three or nine months ended September 30, 2022 or the three months ended September 30, 2021. Items reclassified out of accumulated other comprehensive income (loss) to net income during the nine months ended September 30, 2021 consisted of a net gain on the call of a security classified as available-for-sale. The gain on this transaction totaled $10 thousand and its related tax was $2 thousand. Gains are included in the “Gains on securities” line item and the related tax is presented in the “Income tax expense” line item in the Consolidated Statements of Income.

Nature of Business and Summar_2

Nature of Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Nature of Business and Summary of Significant Accounting Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASUs 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASUs have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the SEC and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. As part of the Company’s implementation efforts, we have reconciled and validated historical loan, charge-off and recovery data, determined segmentation of the loan portfolio for application of the current expected credit losses (“CECL”) calculation, determined the key assumptions to be utilized in the calculation, selected lifetime loss reserve calculation methods and established a methodology framework, updated our qualitative factor framework, performed parallel runs of the CECL calculation, and completed the third party model validation review. The ultimate impact of CECL on the allowance for credit losses will depend on the size and composition of the loan portfolio, the portfolio’s credit quality and economic conditions at the time of adoption, as well as any refinements to the CECL model, methodology and key assumptions. At adoption, the Company will record a cumulative effect adjustment to retained earnings for incremental change in the allowance for credit losses. ​ In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings (“TDRs”) 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 certain loan refinancings and restructurings by creditors when a borrower is 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 TDRs, where an entity has the option to apply a modified retrospective transition method resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. For entities that have not yet adopted ASU 2016-13 (such as the Company), the effective dates for the provisions of ASU 2022-02 are the same as the effective dates in ASU 2016-13. Early adoption is permitted if an entity has adopted ASU 2016-13; however, the Company does not expect to adopt ASU 2016-13 in advance of the required implementation date. The Company is currently assessing the impact that ASU 2022-02 will have on its consolidated financial statements.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Investment Securities
Summary of amortized cost and fair value of securities held-to-maturity and available-for-sale	The following table summarizes the amortized cost and fair value of securities held-to-maturity and available-for-sale and the corresponding amounts of gross unrealized gains and losses at September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ U.S Treasuries ​ $ 6,000 ​ $ — ​ $ (895) ​ $ 5,105 U.S. government and federal agencies ​ 35,588 ​ — ​ (6,318) ​ 29,270 Collateralized mortgage obligations ​ 21,924 ​ — ​ (4,155) ​ 17,769 Taxable municipal ​ 6,076 ​ — ​ (1,340) ​ 4,736 Mortgage-backed ​ 31,010 ​ — ​ (6,125) ​ 24,885 Total Held-to-maturity Securities ​ $ 100,598 ​ $ — ​ $ (18,833) ​ $ 81,765 Available-for-sale ​ ​ ​ ​ U.S Treasuries ​ $ 63,404 ​ $ — ​ $ (4,585) ​ $ 58,819 U.S. government and federal agencies ​ 38,717 ​ — ​ (4,261) ​ 34,456 Corporate bonds ​ 3,000 ​ — ​ (308) ​ 2,692 Collateralized mortgage obligations ​ 46,188 ​ — ​ (5,977) ​ 40,211 Tax-exempt municipal ​ 4,996 ​ — ​ (623) ​ 4,373 Taxable municipal ​ 608 ​ — ​ (30) ​ 578 Mortgage-backed ​ 249,113 ​ — ​ (23,696) ​ 225,417 Total Available-for-sale Securities ​ $ 406,026 ​ $ — ​ $ (39,480) ​ $ 366,546 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ U.S Treasuries ​ $ 6,000 ​ $ — ​ $ (150) ​ $ 5,850 U.S. government and federal agencies ​ 35,720 ​ — ​ (726) ​ 34,994 Collateralized mortgage obligations ​ 25,606 ​ — ​ (534) ​ 25,072 Taxable municipal ​ 6,089 ​ — ​ (194) ​ 5,895 Mortgage-backed ​ 32,094 ​ — ​ (647) ​ 31,447 Total Held-to-maturity Securities ​ $ 105,509 ​ $ — ​ $ (2,251) ​ $ 103,258 Available-for-sale ​ ​ ​ ​ U.S Treasuries ​ $ 30,954 ​ $ — ​ $ (411) ​ $ 30,543 U.S. government and federal agencies ​ 34,803 ​ 258 ​ (524) ​ 34,537 Corporate bonds ​ 1,000 ​ 31 ​ — ​ 1,031 Collateralized mortgage obligations ​ 39,596 ​ 179 ​ (726) ​ 39,049 Tax-exempt municipal ​ 5,007 ​ 255 ​ — ​ 5,262 Taxable municipal ​ 1,653 ​ 37 ​ (5) ​ 1,685 Mortgage-backed ​ 127,287 ​ 1,232 ​ (1,326) ​ 127,193 Total Available-for-sale Securities ​ $ 240,300 ​ $ 1,992 ​ $ (2,992) ​ $ 239,300
Schedule of gross unrealized loss position of investments	The following tables summarize the fair value of securities held-to-maturity and securities available-for-sale at September 30, 2022 and December 31, 2021 and the corresponding amounts of gross unrealized losses. Management uses the valuations as of month-end in determining when securities are in an unrealized loss position. Therefore, a security’s market value could have exceeded its amortized cost on other days during the prior twelve-month period. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Less than 12 Months ​ 12 Months or Longer ​ Total ​ ​ ​ ​ Gross ​ ​ ​ Gross ​ ​ ​ Gross ​ ​ Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Held-to-maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S Treasuries ​ $ — ​ $ — ​ $ 5,105 ​ $ (895) ​ $ 5,105 ​ $ (895) U.S. government and federal agencies ​ 834 ​ (166) ​ 28,436 ​ (6,152) ​ 29,270 ​ (6,318) Collateralized mortgage obligations ​ 5,679 ​ (1,126) ​ 12,090 ​ (3,029) ​ 17,769 ​ (4,155) Taxable municipal ​ — ​ — ​ 4,736 ​ (1,340) ​ 4,736 ​ (1,340) Mortgage-backed ​ 1,643 ​ (328) ​ 23,242 ​ (5,797) ​ 24,885 ​ (6,125) Total Held-to-maturity Securities ​ $ 8,156 ​ $ (1,620) ​ $ 73,609 ​ $ (17,213) ​ $ 81,765 ​ $ (18,833) Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S Treasuries ​ $ 39,019 ​ $ (2,025) ​ $ 19,800 ​ $ (2,560) ​ $ 58,819 ​ $ (4,585) U.S. government and federal agencies ​ 20,293 ​ (1,831) ​ 14,163 ​ (2,430) ​ 34,456 ​ (4,261) Corporate bonds ​ 2,692 ​ (308) ​ — ​ — ​ 2,692 ​ (308) Collateralized mortgage obligations ​ 20,001 ​ (1,507) ​ 20,210 ​ (4,470) ​ 40,211 ​ (5,977) Tax-exempt municipal ​ 4,373 ​ (623) ​ — ​ — ​ 4,373 ​ (623) Taxable municipal ​ 336 ​ (2) ​ 242 ​ (28) ​ 578 ​ (30) Mortgage-backed ​ 165,485 ​ (13,529) ​ 59,932 ​ (10,167) ​ 225,417 ​ (23,696) Total Available-for-sale Securities ​ $ 252,199 ​ $ (19,825) ​ $ 114,347 ​ $ (19,655) ​ $ 366,546 ​ $ (39,480) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Less than 12 Months ​ 12 Months or Longer ​ Total ​ ​ ​ ​ Gross ​ ​ ​ Gross ​ ​ ​ ​ Gross ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized (Dollars in thousands) ​ Value Losses Value Losses Value Losses Held-to-maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S Treasuries ​ $ 5,851 ​ $ (150) ​ $ — ​ $ — ​ $ 5,851 ​ $ (150) U.S. government and federal agencies ​ 31,617 ​ (645) ​ 3,376 ​ (81) ​ 34,993 ​ (726) Collateralized mortgage obligations ​ 25,072 ​ (534) ​ — ​ — ​ 25,072 ​ (534) Taxable municipal ​ 3,971 ​ (133) ​ 1,923 ​ (61) ​ 5,894 ​ (194) Mortgage-backed ​ 27,995 ​ (573) ​ 3,452 ​ (74) ​ 31,447 ​ (647) Total Held-to-maturity Securities ​ $ 94,506 ​ $ (2,035) ​ $ 8,751 ​ $ (216) ​ $ 103,257 ​ $ (2,251) Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S Treasuries ​ $ 30,543 ​ $ (411) ​ $ — ​ $ — ​ $ 30,543 ​ $ (411) U.S. government and federal agencies ​ 14,154 ​ (301) ​ 6,877 ​ (223) ​ 21,031 ​ (524) Collateralized mortgage obligations ​ 30,352 ​ (726) ​ — ​ — ​ 30,352 ​ (726) Taxable municipal ​ 265 ​ (5) ​ — ​ — ​ 265 ​ (5) Mortgage-backed ​ 93,129 ​ (1,280) ​ 918 ​ (46) ​ 94,047 ​ (1,326) Total Available-for-sale Securities ​ $ 168,443 ​ $ (2,723) ​ $ 7,795 ​ $ (269) ​ $ 176,238 ​ $ (2,992)
Contractual maturities of investment securities	The table below summarizes, by major security type, the contractual maturities of our investment securities as of September 30, 2022. Borrowers may have the right to call or prepay certain obligations and as such, the expected maturities of our securities are likely to differ from the scheduled contractual maturities presented below. ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Amortized ​ Fair (Dollars in thousands) Cost Value Held-to-maturity ​ ​ Due in one year or less ​ $ — ​ $ — Due after one year through five years ​ 993 ​ 840 Due after five years through ten years ​ 42,260 ​ 35,082 Due after ten years ​ 57,345 ​ 45,843 Total Held-to-maturity Securities ​ $ 100,598 ​ $ 81,765 Available-for-sale ​ ​ Due in one year or less ​ $ 38 ​ $ 38 Due after one year through five years ​ 99,559 ​ 92,262 Due after five years through ten years ​ 167,122 ​ 153,112 Due after ten years ​ 139,307 ​ 121,134 Total Available-for-sale Securities ​ $ 406,026 ​ $ 366,546
Summary of restricted securities	The table below summarizes the carrying amount of restricted securities as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 December 31, 2021 Federal Reserve Bank Stock ​ $ 3,288 ​ $ 3,275 Federal Home Loan Bank Stock ​ 1,073 ​ 1,616 Community Bankers’ Bank Stock ​ 60 ​ 60 Total Restricted Securities ​ $ 4,421 ​ $ 4,951

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2022
Allowance for Loan Losses
Schedule of composition of the loan portfolio	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 December 31, 2021 Real Estate Loans: ​ ​ ​ ​ Commercial ​ $ 1,091,221 ​ $ 968,442 Construction and land development ​ 199,324 ​ 231,090 Residential ​ ​ 385,696 ​ ​ 342,491 Commercial - Non-Real Estate: ​ ​ Commercial loans ​ 45,105 ​ 122,945 Consumer - Non-Real Estate: ​ ​ Consumer loans ​ 585 ​ 586 Total Gross Loans ​ $ 1,721,931 ​ $ 1,665,554 Allowance for loan losses ​ (20,032) ​ (20,032) Net deferred loan costs ​ 3,183 ​ 915 Total net loans ​ $ 1,705,082 ​ $ 1,646,437

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2022
Allowance for Loan Losses
Schedule of allowance for loan losses activity and balance	The following tables present the activity in the allowance for loan losses for the nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ Beginning Balance, December 31, 2021 ​ $ 13,091 ​ $ 2,824 ​ $ 2,769 ​ $ 711 ​ $ 5 ​ $ 632 ​ $ 20,032 Charge-offs ​ (1) ​ — ​ — ​ — ​ — ​ — ​ ​ (1) Recoveries ​ — ​ — ​ — ​ 1 ​ — ​ — ​ 1 Provision ​ 345 ​ 97 ​ (186) ​ (208) ​ 1 ​ (49) ​ — Ending Balance, September 30, 2022 ​ $ 13,435 ​ $ 2,921 ​ $ 2,583 ​ $ 504 ​ $ 6 ​ $ 583 ​ $ 20,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ Beginning Balance, December 31, 2020 ​ $ 10,602 ​ $ 2,617 ​ $ 2,430 ​ $ 1,007 ​ $ 11 ​ $ 350 ​ $ 17,017 Charge-offs ​ (90) ​ — ​ — ​ (1) ​ — ​ — ​ ​ (91) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — Provision ​ 2,001 ​ (782) ​ 88 ​ (291) ​ (6) ​ 1,770 ​ 2,780 Ending Balance, September 30, 2021 ​ $ 12,513 ​ $ 1,835 ​ $ 2,518 ​ $ 715 ​ $ 5 ​ $ 2,120 ​ $ 19,706 ​ The following tables present the balance of the allowance for loan losses, the allowance by impairment methodology, total loans, and loans by impairment methodology as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ ​ 13,435 ​ ​ 2,921 ​ ​ 2,583 ​ ​ 504 ​ ​ 6 ​ ​ 583 ​ ​ 20,032 Total allowance ​ $ 13,435 ​ $ 2,921 ​ $ 2,583 ​ $ 504 ​ $ 6 ​ $ 583 ​ $ 20,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 530 ​ $ — ​ $ — ​ $ — ​ $ 530 Collectively evaluated for impairment ​ ​ 1,091,221 ​ ​ 199,324 ​ ​ 385,166 ​ ​ 45,105 ​ ​ 585 ​ ​ — ​ ​ 1,721,401 Total loans ​ $ 1,091,221 ​ $ 199,324 ​ $ 385,696 ​ $ 45,105 ​ $ 585 ​ $ — ​ $ 1,721,931 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ ​ 13,091 ​ ​ 2,824 ​ ​ 2,769 ​ ​ 711 ​ ​ 5 ​ ​ 632 ​ ​ 20,032 Total allowance ​ $ 13,091 ​ $ 2,824 ​ $ 2,769 ​ $ 711 ​ $ 5 ​ $ 632 ​ $ 20,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 549 ​ $ — ​ $ — ​ $ — ​ $ 549 Collectively evaluated for impairment ​ ​ 968,442 ​ ​ 231,090 ​ ​ 341,942 ​ ​ 122,945 ​ ​ 586 ​ ​ — ​ ​ 1,665,005 Total loans ​ $ 968,442 ​ $ 231,090 ​ $ 342,491 ​ $ 122,945 ​ $ 586 ​ $ — ​ $ 1,665,554
Schedule of impaired loans	The following tables present a summary of impaired loans and the related allowance as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Investment ​ Investment ​ Total ​ ​ ​ ​ Average ​ Interest ​ ​ Principal ​ with ​ with ​ Recorded ​ Related ​ Recorded ​ Income (Dollars in thousands) ​ Balance ​ No Allowance ​ Allowance ​ Investment ​ Allowance ​ Investment ​ Recognized Real Estate Loans ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ — ​ — ​ — Residential ​ 530 ​ 530 ​ — ​ 530 ​ — ​ 540 ​ 15 Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Impaired Loans ​ $ 530 ​ $ 530 ​ $ — ​ $ 530 ​ $ — ​ $ 540 ​ $ 15 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Investment ​ Investment ​ Total ​ ​ ​ ​ Average ​ Interest ​ ​ Principal ​ with ​ with ​ Recorded ​ Related ​ Recorded ​ Income (Dollars in thousands) ​ Balance ​ No Allowance ​ Allowance ​ Investment ​ Allowance ​ Investment (1) ​ Recognized (1) Real Estate Loans ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ — ​ — ​ — Residential ​ 549 ​ 549 ​ — ​ 549 ​ — ​ 569 ​ 24 Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Impaired Loans ​ $ 549 ​ $ 549 ​ $ — ​ $ 549 ​ $ — ​ $ 569 ​ $ 24 (1) Amounts shown for the twelve month period ended December 31, 2021.
Schedule of past due and non-accrual loans	The following tables present a summary of past due and non-accrual loans by class as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days or More ​ ​ ​ ​ ​ Past ​ Past ​ More ​ Total Past ​ ​ ​ ​ Total ​ Past Due and ​ Nonaccrual (Dollars in thousands) Due Due Past Due Due Current Loans Still Accruing Loans Real Estate Loans ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,091,221 $ 1,091,221 ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ 199,324 ​ 199,324 ​ — ​ — Residential ​ — ​ — ​ — ​ — ​ 385,696 ​ 385,696 ​ — ​ — Commercial ​ — ​ — ​ — ​ — ​ 45,105 ​ 45,105 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ 585 ​ 585 ​ — ​ — Total Loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,721,931 ​ $ 1,721,931 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days or More ​ ​ ​ ​ ​ Past ​ Past ​ More ​ Total Past ​ ​ ​ ​ Total ​ Past Due and ​ Nonaccrual (Dollars in thousands) ​ Due Due Past Due Due Current Loans Still Accruing Loans Real Estate Loans ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 968,442 ​ $ 968,442 ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ 231,090 ​ 231,090 ​ — ​ — Residential ​ — ​ — ​ — ​ — ​ 342,491 ​ 342,491 ​ — ​ — Commercial ​ — ​ — ​ — ​ — ​ 122,945 ​ 122,945 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ 586 ​ 586 ​ — ​ — Total Loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,665,554 ​ $ 1,665,554 ​ $ — ​ $ —
Schedule of credit quality information	The following tables present a summary of credit quality information for loans by class as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total (Dollars in thousands) Pass Mention Substandard Doubtful Loss Loans Real Estate Loans ​ ​ ​ ​ ​ ​ Commercial ​ $ 1,091,221 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,091,221 Construction and land development ​ 197,174 ​ 2,150 ​ ​ — ​ — ​ — ​ 199,324 Residential ​ 385,588 ​ — ​ 108 ​ — ​ — ​ 385,696 Commercial ​ 45,105 ​ — ​ — ​ — ​ — ​ 45,105 Consumer ​ 585 ​ — ​ — ​ — ​ — ​ 585 Total Loans ​ $ 1,719,673 ​ $ 2,150 ​ $ 108 ​ $ — ​ $ — ​ $ 1,721,931 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total (Dollars in thousands) Pass Mention Substandard Doubtful Loss Loans Real Estate Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 961,177 ​ $ 7,029 ​ $ 236 ​ $ — ​ $ — ​ $ 968,442 Construction and land development ​ 230,704 ​ — ​ 386 ​ — ​ — ​ 231,090 Residential ​ 342,377 ​ — ​ 114 ​ — ​ — ​ 342,491 Commercial ​ 122,945 ​ — ​ — ​ — ​ — ​ 122,945 Consumer ​ 586 ​ — ​ — ​ — ​ — ​ 586 Total Loans ​ $ 1,657,789 ​ $ 7,029 ​ $ 736 ​ $ — ​ $ — ​ $ 1,665,554

Deposits and Borrowings (Tables

Deposits and Borrowings (Tables)	9 Months Ended
	Sep. 30, 2022
Deposits and Borrowings
Schedule of deposits	The following tables show the components of the Company’s funding sources. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 December 31, 2021 Deposits: ​ ​ Non-interest bearing demand deposits (1) ​ $ 535,186 ​ $ 488,838 Interest-bearing demand deposits (1) ​ 705,593 ​ 633,901 Savings deposits ​ 102,909 ​ 101,376 Time deposits (2) ​ 719,653 ​ 657,438 Total Deposits ​ $ 2,063,341 ​ $ 1,881,553
Schedule of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 December 31, 2021 (Dollars in thousands) ​ Stated Interest Rates ​ Weighted-Average Interest Rate ​ Carrying Value ​ Carrying Value Long-term Debt: ​ ​ ​ Subordinated debt 5.25 % ​ 5.25 % $ 24,603 ​ $ 24,728 FHLB advances (3) ​ ​ ​ ​ ​ — ​ 18,000 Total Long-term Debt: ​ ​ ​ ​ ​ $ 24,603 ​ $ 42,728 (1) Overdraft demand deposits reclassified to loans totaled $1 thousand and $2 thousand at September 30, 2022 and December 31, 2021, respectively. (2) The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $283.3 million and $255.0 million at September 30, 2022 and December 31, 2021, respectively. (3) The Company’s Federal Home Loan Bank (“FHLB”) advances were called by the FHLB during the second quarter of 2022. ​
Schedule of carrying amount of the time deposits by contractual maturity	​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 2022 ​ $ 131,774 2023 ​ 499,483 2024 ​ 82,693 2025 ​ 2,972 2026 ​ 2,346 Thereafter ​ 385 Total ​ $ 719,653

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Income Taxes
Schedule of provision for income taxes	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 September 30, 2021 Current tax expense ​ $ 5,193 ​ $ 5,532 Deferred tax expense (benefit) ​ 670 ​ (664) Total Income Tax Expense ​ $ 5,863 ​ $ 4,868
Schedule of income tax rate reconciliation	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 September 30, 2021 Computed “expected” tax expense ​ $ 6,187 ​ $ 4,784 Increase (decrease) in income taxes resulting from: ​ ​ Bank-owned life insurance ​ (93) ​ (65) Tax-exempt interest income ​ (118) ​ (119) State income taxes, net of federal benefit ​ 347 ​ 163 Excess tax benefit on share-based compensation ​ (370) ​ (17) Other, net ​ (90) ​ 122 Total ​ $ 5,863 ​ $ 4,868

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies
Summary of the contract or notional amount of the Company's exposure to off-balance sheet risk	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 December 31, 2021 Commitments to extend credit ​ $ 258,795 ​ $ 272,701 Standby letters of credit ​ $ 14,850 ​ $ 14,485

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements
Summary of fair value of assets measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2022 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Unobservable ​ ​ Balance as of ​ Identical Assets ​ Observable Inputs ​ Inputs (Dollars in thousands) September 30, 2022 (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ Securities available-for-sale: ​ ​ ​ ​ U.S. Treasuries ​ $ 58,819 ​ $ — ​ $ 58,819 ​ $ — U.S. government and federal agencies ​ 34,456 ​ — ​ 34,456 ​ — Corporate bonds ​ 2,692 ​ — ​ 2,692 ​ — Collateralized mortgage obligations ​ 40,211 ​ — ​ 40,211 ​ — Tax-exempt municipal ​ 4,373 ​ — ​ 4,373 ​ — Taxable municipal ​ 578 ​ — ​ 578 ​ — Mortgage-backed ​ 225,417 ​ — ​ 225,417 ​ — Equity securities, at fair value ​ 1,913 ​ 1,913 ​ — ​ — Total assets at fair value ​ $ 368,459 ​ $ 1,913 ​ $ 366,546 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2021 Using ​ ​ ​ Quoted Prices in ​ ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Unobservable ​ ​ Balance as of ​ Identical Assets ​ Observable Inputs ​ Inputs (Dollars in thousands) ​ December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale: ​ ​ ​ ​ ​ U.S. Treasuries ​ $ 30,543 ​ $ — ​ $ 30,543 ​ $ — U.S. government and federal agencies ​ ​ 34,537 ​ — ​ 34,537 ​ — Corporate bonds ​ 1,031 ​ — ​ 1,031 ​ — Collateralized mortgage obligations ​ 39,049 ​ — ​ 39,049 ​ — Tax-exempt municipal ​ 5,262 ​ — ​ 5,262 ​ — Taxable municipal ​ 1,685 ​ — ​ 1,685 ​ — Mortgage-backed ​ 127,193 ​ — ​ 127,193 ​ — Equity securities, at fair value ​ 1,869 ​ 1,869 ​ — ​ — Total assets at fair value ​ $ 241,169 ​ $ 1,869 ​ $ 239,300 ​ $ —
Summary of carrying value and estimated fair value of financial instruments	The following tables present the carrying value and estimated fair value, including the level within the fair value hierarchy, of the Company’s financial instruments as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2022 Using ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ for Identical ​ Significant Other ​ Unobservable ​ ​ ​ ​ Carrying Value ​ Assets ​ Observable Inputs ​ Inputs ​ Fair Value as of (Dollars in thousands) ​ as of September 30, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ September 30, 2022 Assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 74,756 ​ $ 74,756 ​ $ — ​ $ — ​ $ 74,756 Securities: ​ ​ ​ ​ ​ Available-for-sale ​ 366,546 ​ — ​ 366,546 ​ — ​ 366,546 Held-to-maturity ​ 100,598 ​ — ​ 81,765 ​ — ​ 81,765 Equity securities, at fair value ​ 1,913 ​ 1,913 ​ — ​ — ​ 1,913 Restricted securities, at cost ​ ​ 4,421 ​ ​ — ​ ​ 4,421 ​ ​ — ​ ​ 4,421 Loans, net of unearned income ​ 1,705,082 ​ — ​ — ​ 1,631,043 ​ 1,631,043 Bank owned life insurance ​ 21,071 ​ — ​ 21,071 ​ — ​ 21,071 Accrued interest receivable ​ 4,744 ​ — ​ 4,744 ​ — ​ 4,744 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 2,063,341 ​ $ — ​ $ 2,057,563 ​ $ — ​ $ 2,057,563 Subordinated debt ​ 24,603 ​ — ​ — ​ 22,517 ​ 22,517 Accrued interest payable ​ 643 ​ — ​ 643 ​ — ​ 643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2021 Using ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ for Identical ​ Significant Other ​ Unobservable ​ ​ ​ ​ ​ Carrying Value ​ Assets ​ Observable Inputs ​ Inputs ​ Fair Value as of (Dollars in thousands) ​ as of December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ December 31, 2021 Assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 105,799 ​ $ 105,799 ​ $ — ​ $ — ​ $ 105,799 Securities: ​ ​ ​ ​ ​ Available-for-sale ​ 239,300 ​ — ​ 239,300 ​ — ​ 239,300 Held-to-maturity ​ ​ 105,509 ​ ​ — ​ 103,258 ​ — ​ 103,258 Equity securities, at fair value ​ 1,869 ​ 1,869 ​ — ​ — ​ 1,869 Restricted securities, at cost ​ ​ 4,951 ​ ​ — ​ ​ 4,951 ​ ​ — ​ ​ 4,951 Loans, net of unearned income ​ 1,646,437 ​ — ​ — ​ 1,659,396 ​ 1,659,396 Bank owned life insurance ​ 20,998 ​ — ​ 20,998 ​ — ​ 20,998 Accrued interest receivable ​ 4,943 ​ — ​ 4,943 ​ — ​ 4,943 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 1,881,553 ​ $ — ​ $ 1,882,132 ​ $ — ​ $ 1,882,132 FHLB advances ​ 18,000 ​ — ​ 17,837 ​ — ​ 17,837 Subordinated debt ​ 24,728 ​ — ​ — ​ 25,325 ​ 25,325 Accrued interest payable ​ 843 ​ — ​ 843 ​ — ​ 843

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings per Common Share
Schedule of computation of earnings per share	The following table summarizes the computation of earnings per share for the three and nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ ​ September 30, ​ September 30, ​ ​ 2022 2021 2022 2021 Earnings per common share - basic: ​ ​ ​ ​ ​ ​ Income available to common shareholders (in thousands): ​ ​ ​ ​ ​ ​ Net income ​ $ 8,045 ​ $ 6,761 ​ $ 23,601 ​ $ 17,914 ​ Less: Income attributable to unvested restricted stock awards ​ (33) ​ (30) ​ (103) ​ (85) ​ Net income available to common shareholders ​ $ 8,012 ​ $ 6,731 ​ $ 23,498 ​ $ 17,829 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding: ​ ​ ​ ​ ​ Common shares outstanding, including unvested restricted stock ​ 14,047,746 ​ 13,641,330 ​ 13,963,307 ​ 13,635,404 ​ Less: Unvested restricted stock ​ (58,332) ​ (60,792) ​ (60,983) ​ (64,955) ​ Weighted-average common shares outstanding - basic ​ 13,989,414 ​ 13,580,538 ​ 13,902,324 ​ 13,570,449 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - basic ​ $ 0.57 ​ $ 0.50 ​ $ 1.69 ​ $ 1.31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - diluted: ​ ​ ​ ​ ​ Income available to common shareholders (in thousands): ​ ​ ​ ​ ​ Net income ​ $ 8,045 ​ $ 6,761 ​ $ 23,601 ​ $ 17,914 ​ Less: Income attributable to unvested restricted stock awards ​ (33) ​ (30) ​ (103) ​ (85) ​ Net income available to common shareholders ​ $ 8,012 ​ $ 6,731 ​ $ 23,498 ​ $ 17,829 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding: ​ ​ ​ ​ ​ Common shares outstanding, including unvested restricted stock ​ 14,047,746 ​ 13,641,330 ​ 13,963,307 ​ 13,635,405 ​ Less: Unvested restricted stock ​ (58,332) ​ (60,792) ​ (60,983) ​ (64,955) ​ Plus: Effect of dilutive options ​ 118,872 ​ 302,566 ​ 163,563 ​ 294,776 ​ Weighted-average common shares outstanding - diluted ​ 14,108,286 ​ 13,883,104 ​ 14,065,887 ​ 13,865,226 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - diluted ​ $ 0.57 ​ $ 0.48 ​ $ 1.67 ​ $ 1.29 ​

Stock Based Compensation Plan (

Stock Based Compensation Plan (Tables)	9 Months Ended
	Sep. 30, 2022
Stock Based Compensation Plan
Summary of stock options activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ Weighted Average ​ Aggregate Intrinsic ​ Shares Exercise Price Value Outstanding at January 1, 2022 534,236 ​ $ 10.45 ​ Granted — ​ — ​ Exercised (325,649) ​ 9.39 ​ Forfeited or expired (3,653) ​ 8.79 ​ Outstanding at September 30, 2022 204,934 ​ 12.17 ​ $ 2,538,641 Exercisable at September 30, 2022 204,934 ​ $ 12.17 ​ $ 2,538,641
Summary of stock options outstanding and exercisable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining ​ ​ ​ Remaining ​ ​ Number ​ Contractual Life ​ Number ​ Contractual Life Exercise Prices Outstanding in Years Exercisable in Years $0.00 - $11.00 187 0.29 187 0.29 $11.01 - $12.00 188,685 2.56 188,685 2.56 $12.01 - $16.00 1,062 2.23 1,062 2.23 $16.01 - $18.16 15,000 5.58 15,000 5.58 Total 204,934 2.77 204,934 2.77
Summary of restricted stock awards	The table below provides a summary of the restricted stock awards granted under the 2015 plan for the nine months ended September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ Weighted Average ​ Shares Grant Date Fair Value Nonvested at January 1, 2022 75,826 ​ $ 17.25 Granted 500 ​ 22.10 Vested (16,710) ​ 17.03 Forfeited (1,570) ​ 16.55 Nonvested at September 30, 2022 58,046 ​ ​ 17.37

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 2022
Regulatory Capital
Schedule of compliance with regulatory capital requirements under banking regulations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum To Be Well Capitalized ​ ​ Actual ​ Minimum Capital Requirement (1) ​ Under Prompt Corrective Action (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of September 30, 2022 ​ ​ ​ ​ Total capital (to risk weighted assets) ​ $ 274,611 15.4 % $ 187,251 10.5 % $ 178,334 10.0 % Tier 1 capital (to risk weighted assets) ​ 254,226 14.3 % 151,584 8.5 % 142,668 8.0 % Common equity tier 1 capital (to risk weighted assets) ​ 254,226 14.3 % 124,834 7.0 % 115,917 6.5 % Tier 1 capital (to average assets) ​ 254,226 11.0 % 92,494 4.0 % 115,618 5.0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ ​ ​ ​ Total capital (to risk weighted assets) ​ $ 252,843 15.3 % $ 173,923 10.5 % $ 165,641 10.0 % Tier 1 capital (to risk weighted assets) ​ 232,458 14.0 % 140,795 8.5 % 132,513 8.0 % Common equity tier 1 capital (to risk weighted assets) ​ 232,458 14.0 % 115,948 7.0 % 107,666 6.5 % Tier 1 capital (to average assets) ​ 232,458 11.0 % 84,799 4.0 % 105,999 5.0 % (1)

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue
Schedule of components of non-interest income	The following table shows the components of non-interest income for the three and nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ ​ September 30, ​ September 30, ​ (Dollars in thousands) 2022 2021 2022 2021 Service charges on deposit accounts (1) ​ ​ ​ ​ ​ ​ Overdrawn account fees ​ $ 19 ​ $ 22 ​ $ 60 ​ $ 53 ​ Account service fees ​ 60 ​ 48 ​ 180 ​ 135 ​ Other service charges and fees (1) ​ ​ ​ ​ ​ Interchange income ​ 108 ​ 96 ​ 306 ​ 273 ​ Other charges and fees ​ 67 ​ 24 ​ 163 ​ 66 ​ Bank owned life insurance ​ 255 ​ 102 ​ 445 ​ 309 ​ Gains on securities ​ — ​ — ​ — ​ 10 ​ Net gains (losses) on premises and equipment (1) ​ — ​ 19 ​ (1) ​ 19 ​ Insurance commissions (1) ​ 47 ​ 28 ​ 312 ​ 205 ​ Other operating income (loss) (2) ​ (106) ​ (14) ​ (492) ​ 136 ​ Total non-interest income ​ $ 450 ​ $ 325 ​ $ 973 ​ $ 1,206 ​ (1) Income within the scope of ASC 606 – Revenue Recognition (2) Includes other operating income (loss) within the scope of ASC 606 – Revenue Recognition nonqualified deferred compensation liability. Includes other operating income (loss) within the scope of ASC 606 – Revenue Recognition

Other Operating Expenses (Table

Other Operating Expenses (Tables)	9 Months Ended
	Sep. 30, 2022
Other Operating Expenses
Schedule of components of other operating expenses	The following table shows the components of other operating expenses for the three and nine months ended September 30, 2022 and September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Nine months ended ​ ​ ​ September 30, ​ September 30, ​ (Dollars in thousands) 2022 2021 2022 2021 Advertising expense ​ $ 47 ​ $ 99 ​ $ 147 ​ $ 309 ​ Data processing ​ 484 ​ 297 ​ 1,412 ​ 1,048 ​ FDIC insurance ​ 140 ​ 185 ​ 410 ​ 672 ​ Professional fees ​ 281 ​ 218 ​ 852 ​ 1,116 ​ State franchise tax ​ 523 ​ 461 ​ 1,570 ​ 1,387 ​ Director costs ​ 200 ​ 201 ​ 615 ​ 591 ​ Other operating expenses ​ 427 ​ 328 ​ 1,241 ​ 1,236 ​ Total other operating expenses ​ $ 2,102 ​ $ 1,789 ​ $ 6,247 ​ $ 6,359 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Schedule of changes in other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Unrealized Gains on ​ ​ ​ ​ ​ ​ ​ ​ Securities Transferred from ​ ​ ​ ​ ​ Unrealized Gain (Loss) on ​ Available-for-sale to ​ Accumulated Other (Dollars in thousands) Available-for-sale Securities Held-to-maturity Comprehensive Income (Loss) Beginning balance, January 1, 2022 ​ $ (789) ​ $ 389 ​ $ (400) Net change during the period ​ (30,401) ​ (115) ​ (30,516) Ending balance, September 30, 2022 ​ $ (31,190) ​ $ 274 ​ $ (30,916) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ Unrealized Gains on ​ ​ ​ ​ ​ ​ ​ ​ Securities Transferred from ​ ​ ​ ​ ​ Unrealized Gain (Loss) on ​ Available-for-sale to ​ Accumulated Other (Dollars in thousands) Available-for-sale Securities Held-to-maturity Comprehensive Income (Loss) Beginning balance, January 1, 2021 ​ $ 3,786 ​ $ — ​ $ 3,786 Net change during the period ​ (2,824) ​ 438 ​ (2,386) Ending balance, September 30, 2021 ​ $ 962 ​ $ 438 ​ $ 1,400

Investment Securities - Amortiz

Investment Securities - Amortized cost and fair value of securities held-to-maturity and available-for-sale (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Held-to-maturity
Amortized Cost	$ 100,598	$ 105,509
Gross Unrealized (Losses)	(18,833)	(2,251)
Held-to-maturity Securities	81,765	103,258
Available-for-sale
Amortized Cost	406,026	240,300
Gross Unrealized Gains		1,992
Gross Unrealized (Losses)	(39,480)	(2,992)
Available-for-sale Securities	366,546	239,300
U.S Treasuries
Held-to-maturity
Amortized Cost	6,000	6,000
Gross Unrealized (Losses)	(895)	(150)
Held-to-maturity Securities	5,105	5,850
Available-for-sale
Amortized Cost	63,404	30,954
Gross Unrealized (Losses)	(4,585)	(411)
Available-for-sale Securities	58,819	30,543
U.S. government and federal agencies
Held-to-maturity
Amortized Cost	35,588	35,720
Gross Unrealized (Losses)	(6,318)	(726)
Held-to-maturity Securities	29,270	34,994
Available-for-sale
Amortized Cost	38,717	34,803
Gross Unrealized Gains		258
Gross Unrealized (Losses)	(4,261)	(524)
Available-for-sale Securities	34,456	34,537
Collateralized mortgage obligations
Held-to-maturity
Amortized Cost	21,924	25,606
Gross Unrealized (Losses)	(4,155)	(534)
Held-to-maturity Securities	17,769	25,072
Available-for-sale
Amortized Cost	46,188	39,596
Gross Unrealized Gains		179
Gross Unrealized (Losses)	(5,977)	(726)
Available-for-sale Securities	40,211	39,049
Taxable municipal
Held-to-maturity
Amortized Cost	6,076	6,089
Gross Unrealized (Losses)	(1,340)	(194)
Held-to-maturity Securities	4,736	5,895
Available-for-sale
Amortized Cost	608	1,653
Gross Unrealized Gains		37
Gross Unrealized (Losses)	(30)	(5)
Available-for-sale Securities	578	1,685
Mortgage-backed
Held-to-maturity
Amortized Cost	31,010	32,094
Gross Unrealized (Losses)	(6,125)	(647)
Held-to-maturity Securities	24,885	31,447
Available-for-sale
Amortized Cost	249,113	127,287
Gross Unrealized Gains		1,232
Gross Unrealized (Losses)	(23,696)	(1,326)
Available-for-sale Securities	225,417	127,193
Corporate bonds
Available-for-sale
Amortized Cost	3,000	1,000
Gross Unrealized Gains		31
Gross Unrealized (Losses)	(308)
Available-for-sale Securities	2,692	1,031
Tax-exempt municipal
Available-for-sale
Amortized Cost	4,996	5,007
Gross Unrealized Gains		255
Gross Unrealized (Losses)	(623)
Available-for-sale Securities	$ 4,373	$ 5,262

Investment Securities - Fair va

Investment Securities - Fair value of securities held-to-maturity and available-for-sale (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Held-to-maturity, Fair Value
Fair Value, Less than 12 Months	$ 8,156	$ 94,506
Fair Value, 12 Months or Longer	73,609	8,751
Fair Value	81,765	103,257
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(1,620)	(2,035)
Gross Unrealized Losses, 12 Months or Longer	(17,213)	(216)
Gross Unrealized Losses	(18,833)	(2,251)
Available-for-sale, Fair Value
Fair Value, Less than 12 Months	252,199	168,443
Fair Value, 12 Months or Longer	114,347	7,795
Fair Value	366,546	176,238
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(19,825)	(2,723)
Gross Unrealized Losses, 12 Months or Longer	(19,655)	(269)
Gross Unrealized Losses	(39,480)	(2,992)
U.S Treasuries
Held-to-maturity, Fair Value
Fair Value, Less than 12 Months		5,851
Fair Value, 12 Months or Longer	5,105
Fair Value	5,105	5,851
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(150)
Gross Unrealized Losses, 12 Months or Longer	(895)
Gross Unrealized Losses	(895)	(150)
Available-for-sale, Fair Value
Fair Value, Less than 12 Months	39,019	30,543
Fair Value, 12 Months or Longer	19,800
Fair Value	58,819	30,543
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(2,025)	(411)
Gross Unrealized Losses, 12 Months or Longer	(2,560)
Gross Unrealized Losses	(4,585)	(411)
U.S. government and federal agencies
Held-to-maturity, Fair Value
Fair Value, Less than 12 Months	834	31,617
Fair Value, 12 Months or Longer	28,436	3,376
Fair Value	29,270	34,993
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(166)	(645)
Gross Unrealized Losses, 12 Months or Longer	(6,152)	(81)
Gross Unrealized Losses	(6,318)	(726)
Available-for-sale, Fair Value
Fair Value, Less than 12 Months	20,293	14,154
Fair Value, 12 Months or Longer	14,163	6,877
Fair Value	34,456	21,031
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(1,831)	(301)
Gross Unrealized Losses, 12 Months or Longer	(2,430)	(223)
Gross Unrealized Losses	(4,261)	(524)
Collateralized mortgage obligations
Held-to-maturity, Fair Value
Fair Value, Less than 12 Months	5,679	25,072
Fair Value, 12 Months or Longer	12,090
Fair Value	17,769	25,072
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(1,126)	(534)
Gross Unrealized Losses, 12 Months or Longer	(3,029)
Gross Unrealized Losses	(4,155)	(534)
Available-for-sale, Fair Value
Fair Value, Less than 12 Months	20,001	30,352
Fair Value, 12 Months or Longer	20,210
Fair Value	40,211	30,352
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(1,507)	(726)
Gross Unrealized Losses, 12 Months or Longer	(4,470)
Gross Unrealized Losses	(5,977)	(726)
Taxable municipal
Held-to-maturity, Fair Value
Fair Value, Less than 12 Months		3,971
Fair Value, 12 Months or Longer	4,736	1,923
Fair Value	4,736	5,894
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(133)
Gross Unrealized Losses, 12 Months or Longer	(1,340)	(61)
Gross Unrealized Losses	(1,340)	(194)
Available-for-sale, Fair Value
Fair Value, Less than 12 Months	336	265
Fair Value, 12 Months or Longer	242
Fair Value	578	265
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(2)	(5)
Gross Unrealized Losses, 12 Months or Longer	(28)
Gross Unrealized Losses	(30)	(5)
Mortgage-backed
Held-to-maturity, Fair Value
Fair Value, Less than 12 Months	1,643	27,995
Fair Value, 12 Months or Longer	23,242	3,452
Fair Value	24,885	31,447
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(328)	(573)
Gross Unrealized Losses, 12 Months or Longer	(5,797)	(74)
Gross Unrealized Losses	(6,125)	(647)
Available-for-sale, Fair Value
Fair Value, Less than 12 Months	165,485	93,129
Fair Value, 12 Months or Longer	59,932	918
Fair Value	225,417	94,047
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(13,529)	(1,280)
Gross Unrealized Losses, 12 Months or Longer	(10,167)	(46)
Gross Unrealized Losses	(23,696)	$ (1,326)
Corporate bonds
Available-for-sale, Fair Value
Fair Value, Less than 12 Months	2,692
Fair Value	2,692
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(308)
Gross Unrealized Losses	(308)
Tax-exempt municipal
Available-for-sale, Fair Value
Fair Value, Less than 12 Months	4,373
Fair Value	4,373
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	(623)
Gross Unrealized Losses	$ (623)

Investment Securities - Contrac

Investment Securities - Contractual maturities of investment securities (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Held-to-maturity, Amortized Cost
Due after one year through five years	$ 993
Due after five years through ten years	42,260
Due after ten years	57,345
Total Held-to-maturity Securities	100,598
Held-to-maturity, Fair Value
Due after one year through five years	840
Due after five years through ten years	35,082
Due after ten years	45,843
Total Held-to-maturity Securities	81,765
Available-for-sale, Amortized Cost
Due in one year or less	38
Due after one year through five years	99,559
Due after five years through ten years	167,122
Due after ten years	139,307
Total Available-for-sale Securities	406,026
Available-for-sale, Fair Value
Due in one year or less	38
Due after one year through five years	92,262
Due after five years through ten years	153,112
Due after ten years	121,134
Total Available-for-sale Securities	$ 366,546

Investment Securities - Carryin

Investment Securities - Carrying amount of restricted securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investment Securities
Federal Reserve Bank Stock	$ 3,288	$ 3,275
Federal Home Loan Bank Stock	1,073	1,616
Community Bankers' Bank Stock	60	60
Total Restricted Securities	$ 4,421	$ 4,951

Investment Securities - Additio

Investment Securities - Additional information (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) item loan	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) item
Marketable Securities [Line Items]
Transferred investment securities, carrying value					$ 99,000
Transferred investment securities, unrealized gain					593
Proceeds from sales of available-for-sale securities	$ 0	$ 0	$ 0	$ 0
Gross gains of available-for-sale debt securities	0		0	10
Pledged securities, market value	91,400		91,400		78,600
Pledged securities, amortized cost	105,800		$ 105,800		$ 78,800
Estimated weighted average remaining life			4 years 7 months 6 days		4 years 6 months
Equity securities with readily determinable fair values	1,913		$ 1,913		$ 1,869
Non-interest income
Marketable Securities [Line Items]
Loss on investment	$ (107)	$ (14)	$ (498)
Gain on investments				$ 85
U.S Treasuries
Marketable Securities [Line Items]
Number of positions | item			31		15
U.S. government and federal agencies
Marketable Securities [Line Items]
Number of positions | item			50		40
Collateralized mortgage obligations
Marketable Securities [Line Items]
Number of positions | item			53		35
Corporate bonds
Marketable Securities [Line Items]
Number of positions | loan			3
Municipal Securities
Marketable Securities [Line Items]
Number of positions | item			14		8
Mortgage-backed
Marketable Securities [Line Items]
Number of positions | item			218		75

Loans (Details)

Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans	$ 1,721,931	$ 1,665,554
Allowance for loan losses	(20,032)	(20,032)	$ (19,706)	$ (17,017)
Net deferred loan costs	3,183	915
Net loans	1,705,082	1,646,437
Real Estate Loans | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans	1,091,221	968,442
Allowance for loan losses	(13,435)	(13,091)
Real Estate Loans | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans	199,324	231,090
Allowance for loan losses	(2,921)	(2,824)	(1,835)	(2,617)
Real Estate Loans | Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans	385,696	342,491
Allowance for loan losses	(2,583)	(2,769)	(2,518)	(2,430)
Commercial - Non-Real Estate | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans	45,105	122,945
Allowance for loan losses	(504)	(711)	(715)	(1,007)
Consumer - Non-Real Estate | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans	585	586
Allowance for loan losses	$ (6)	$ (5)	$ (5)	$ (11)

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 loan	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 loan	Dec. 31, 2021 USD ($) loan
Financing receivable, allowance for credit loss
Impaired loan balance	$ 530,000		$ 530,000		$ 549,000
Recorded investment in TDR's	$ 530,000		$ 530,000		$ 549,000
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | loan	0	0	0	0
Financing Receivable, Troubled Debt Restructuring, Number Of Contracts That Require Special Reserve | loan			0		0
Financing Receivable, Troubled Debt Restructuring, Additional Commitment To Disburse Funds	$ 0		$ 0		$ 0
PPP loans | PPP Loan
Financing receivable, allowance for credit loss
Impaired loan balance	$ 138,000		$ 138,000		$ 69,600,000

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance for loan losses activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	$ 20,032	$ 17,017
Charge-offs	(1)	(91)
Recoveries	1
Provision		2,780
Ending Balance	20,032	19,706
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	632	350
Provision	(49)	1,770
Ending Balance	583	2,120
Real Estate Loans | Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	2,769	2,430
Provision	(186)	88
Ending Balance	2,583	2,518
Real Estate Loans | Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	13,091
Charge-offs	(1)
Provision	345
Ending Balance	13,435
Real Estate Loans | Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	2,824	2,617
Provision	97	(782)
Ending Balance	2,921	1,835
Commercial - Non-Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	711	1,007
Charge-offs		(1)
Recoveries	1
Provision	(208)	(291)
Ending Balance	504	715
Consumer - Non-Real Estate | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	5	11
Provision	1	(6)
Ending Balance	$ 6	5
Commercial Real Estate | Real Estate Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance		10,602
Charge-offs		(90)
Provision		2,001
Ending Balance		$ 12,513

Allowance for Loan Losses - Bal

Allowance for Loan Losses - Balance of allowance for loan losses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment	$ 20,032	$ 20,032
Total allowance	20,032	20,032	$ 19,706	$ 17,017
Individually evaluated for impairment	530	549
Collectively evaluated for impairment	1,721,401	1,665,005
Total loans	1,721,931	1,665,554
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment	583	632
Total allowance	583	632	2,120	350
Real Estate Loans | Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment	2,583	2,769
Total allowance	2,583	2,769	2,518	2,430
Individually evaluated for impairment	530	549
Collectively evaluated for impairment	385,166	341,942
Total loans	385,696	342,491
Real Estate Loans | Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment	13,435	13,091
Total allowance	13,435	13,091
Collectively evaluated for impairment	1,091,221	968,442
Total loans	1,091,221	968,442
Real Estate Loans | Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment	2,921	2,824
Total allowance	2,921	2,824	1,835	2,617
Collectively evaluated for impairment	199,324	231,090
Total loans	199,324	231,090
Commercial - Non-Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment	504	711
Total allowance	504	711	715	1,007
Collectively evaluated for impairment	45,105	122,945
Total loans	45,105	122,945
Consumer - Non-Real Estate | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment	6	5
Total allowance	6	5	5	11
Collectively evaluated for impairment	585	586
Total loans	$ 585	$ 586
Commercial Real Estate | Real Estate Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Total allowance			$ 12,513	$ 10,602

Allowance for Loan Losses - Imp

Allowance for Loan Losses - Impaired loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 530	$ 549
Recorded Investment with No Allowances	530	549
Total Recorded Investment	530	549
Average Recorded Investment	540	569
Interest Income Recognized	15	24
Real Estate Loans | Residential Real Estate
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	530	549
Recorded Investment with No Allowances	530	549
Total Recorded Investment	530	549
Average Recorded Investment	540	569
Interest Income Recognized	$ 15	$ 24

Allowance for Loan Losses - Pas

Allowance for Loan Losses - Past due and non-accrual loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing receivable, past due
Current	$ 1,721,931	$ 1,665,554
Total loans	1,721,931	1,665,554
Residential Real Estate | Real Estate Loans
Financing receivable, past due
Current	385,696	342,491
Total loans	385,696	342,491
Commercial Real Estate | Real Estate Loans
Financing receivable, past due
Current	1,091,221	968,442
Total loans	1,091,221	968,442
Construction and land development | Real Estate Loans
Financing receivable, past due
Current	199,324	231,090
Total loans	199,324	231,090
Commercial | Commercial - Non-Real Estate
Financing receivable, past due
Current	45,105	122,945
Total loans	45,105	122,945
Consumer | Consumer - Non-Real Estate
Financing receivable, past due
Current	585	586
Total loans	$ 585	$ 586

Allowance for Loan Losses - Sch

Allowance for Loan Losses - Schedule of credit quality information (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing receivable, credit quality indicator
Total loans	$ 1,721,931	$ 1,665,554
Residential Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans	385,696	342,491
Commercial Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans	1,091,221	968,442
Construction and land development | Real Estate Loans
Financing receivable, credit quality indicator
Total loans	199,324	231,090
Commercial | Commercial - Non-Real Estate
Financing receivable, credit quality indicator
Total loans	45,105	122,945
Consumer | Consumer - Non-Real Estate
Financing receivable, credit quality indicator
Total loans	585	586
Pass
Financing receivable, credit quality indicator
Total loans	1,719,673	1,657,789
Pass | Residential Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans	385,588	342,377
Pass | Commercial Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans	1,091,221	961,177
Pass | Construction and land development | Real Estate Loans
Financing receivable, credit quality indicator
Total loans	197,174	230,704
Pass | Commercial | Commercial - Non-Real Estate
Financing receivable, credit quality indicator
Total loans	45,105	122,945
Pass | Consumer | Consumer - Non-Real Estate
Financing receivable, credit quality indicator
Total loans	585	586
Special Mention
Financing receivable, credit quality indicator
Total loans	2,150	7,029
Special Mention | Commercial Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans		7,029
Special Mention | Construction and land development | Real Estate Loans
Financing receivable, credit quality indicator
Total loans	2,150
Substandard
Financing receivable, credit quality indicator
Total loans	108	736
Substandard | Residential Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans	$ 108	114
Substandard | Commercial Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans		236
Substandard | Construction and land development | Real Estate Loans
Financing receivable, credit quality indicator
Total loans		$ 386

Deposits and Borrowings - Depos

Deposits and Borrowings - Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposits:
Non-interest bearing demand deposits	$ 535,186	$ 488,838
Interest-bearing demand deposits	705,593	633,901
Savings deposits	102,909	101,376
Time deposits	719,653	657,438
Total deposits	$ 2,063,341	$ 1,881,553

Deposits and Borrowings - Long-

Deposits and Borrowings - Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Carrying Value	$ 24,603	$ 42,728
Subordinated debt
Debt Instrument [Line Items]
Stated Interest Rates	5.25%
Weighted-Average Interest Rate	5.25%
Carrying Value	$ 24,603	24,728
FHLB advances
Debt Instrument [Line Items]
Carrying Value		$ 18,000

Deposits and Borrowings - Addit

Deposits and Borrowings - Additional Information (Details) $ in Thousands		9 Months Ended	12 Months Ended
	Jul. 15, 2022 USD ($)	Sep. 30, 2022 USD ($) customer	Dec. 31, 2021 USD ($)	Jun. 15, 2022 USD ($)
Debt instrument
Overdraft demand deposits reclassified to loans		$ 1	$ 2
Certificate of deposits		283,300	255,000
Brokered deposits		284,700	217,700
Reciprocal certificates of deposits		46,300	61,300
Reciprocal demand and money market deposit		$ 216,100	$ 209,600
Number of depositors representing five percent or more of total deposits | customer		0
Percentage of deposits exceed five or more		5%
Repayment of subordinated debt		$ 25,000
Total collateral under the blanket lien		374,600
Minimum
Debt instrument
Certificate of deposits		$ 250
Subordinated debt
Debt instrument
Face amount or Principal amount				$ 25,000
Stated Interest Rates		5.25%
2017 Notes
Debt instrument
Repayment of subordinated debt	$ 25,000
Stated Interest Rates	5.75%
Federal Funds
Debt instrument
Federal home loan, advances, general debt obligations, unused funds		$ 105,000
Line of credit		0
Federal reserve bank advances
Debt instrument
Maximum borrowing capacity		27,300
Line of credit		0
Loans pledged		$ 34,000
Secured Overnight Financing Rate (SOFR) | Subordinated debt
Debt instrument
Stated Interest Rates		5.25%
Basis points		2.45%

Deposits and Borrowings - Time

Deposits and Borrowings - Time deposits and FHLB advances by contractual maturity (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Contractual maturity
2022	$ 131,774
2023	499,483
2024	82,693
2025	2,972
2026	2,346
Thereafter	385
Total	$ 719,653

Income Taxes - Provision for in

Income Taxes - Provision for income taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Taxes
Current tax expense			$ 5,193	$ 5,532
Deferred tax expense (benefit)			670	(664)
Total Income Tax Expense	$ 2,139	$ 1,782	$ 5,863	$ 4,868

Income Taxes - Income tax rate

Income Taxes - Income tax rate reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Effective income tax rate reconciliation, amount
Computed "expected" tax expense			$ 6,187	$ 4,784
Bank-owned life insurance			(93)	(65)
Tax-exempt interest income			(118)	(119)
State income taxes, net of federal benefit			347	163
Excess tax benefit on share-based compensation			(370)	(17)
Other, net			(90)	122
Total	$ 2,139	$ 1,782	$ 5,863	$ 4,868

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks, face amount	$ 258,795	$ 272,701
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks, face amount	$ 14,850	$ 14,485

Fair Value Measurements - Fair

Fair Value Measurements - Fair value of assets measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities available-for-sale:
Securities available-for-sale, at fair value	$ 366,546	$ 239,300
Equity securities, at fair value	1,913	1,869
U.S Treasuries
Securities available-for-sale:
Securities available-for-sale, at fair value	58,819	30,543
U.S. government and federal agencies
Securities available-for-sale:
Securities available-for-sale, at fair value	34,456	34,537
Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	2,692	1,031
Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	40,211	39,049
Tax-exempt municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	4,373	5,262
Taxable municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	578	1,685
Mortgage-backed
Securities available-for-sale:
Securities available-for-sale, at fair value	225,417	127,193
Fair Value, Recurring
Securities available-for-sale:
Equity securities, at fair value	1,913	1,869
Total assets at fair value	368,459	241,169
Fair Value, Recurring | U.S Treasuries
Securities available-for-sale:
Securities available-for-sale, at fair value	58,819	30,543
Fair Value, Recurring | U.S. government and federal agencies
Securities available-for-sale:
Securities available-for-sale, at fair value	34,456	34,537
Fair Value, Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	2,692	1,031
Fair Value, Recurring | Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	40,211	39,049
Fair Value, Recurring | Tax-exempt municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	4,373	5,262
Fair Value, Recurring | Taxable municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	578	1,685
Fair Value, Recurring | Mortgage-backed
Securities available-for-sale:
Securities available-for-sale, at fair value	225,417	127,193
Fair Value, Recurring | Fair Value, Inputs, Level 1
Securities available-for-sale:
Equity securities, at fair value	1,913	1,869
Total assets at fair value	1,913	1,869
Fair Value, Recurring | Fair Value, Inputs, Level 2
Securities available-for-sale:
Total assets at fair value	366,546	239,300
Fair Value, Recurring | Fair Value, Inputs, Level 2 | U.S Treasuries
Securities available-for-sale:
Securities available-for-sale, at fair value	58,819	30,543
Fair Value, Recurring | Fair Value, Inputs, Level 2 | U.S. government and federal agencies
Securities available-for-sale:
Securities available-for-sale, at fair value	34,456	34,537
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	2,692	1,031
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	40,211	39,049
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Tax-exempt municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	4,373	5,262
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Taxable municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	578	1,685
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Mortgage-backed
Securities available-for-sale:
Securities available-for-sale, at fair value	$ 225,417	$ 127,193

Fair Value Measurements - Carry

Fair Value Measurements - Carrying value and estimated fair value of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities:
Available-for-sale	$ 366,546	$ 239,300
Equity securities, at fair value	1,913	1,869
Restricted securities, at cost	4,421	4,951
Carrying Value
Assets:
Cash and cash equivalents	74,756	105,799
Securities:
Available-for-sale	366,546	239,300
Held-to-maturity	100,598	105,509
Equity securities, at fair value	1,913	1,869
Restricted securities, at cost	4,421	4,951
Loans, net of unearned income	1,705,082	1,646,437
Bank owned life insurance	21,071	20,998
Accrued interest receivable	4,744	4,943
Liabilities:
Deposits	2,063,341	1,881,553
FHLB advances		18,000
Subordinated debt	24,603	24,728
Accrued interest payable	643	843
Fair Value
Assets:
Cash and cash equivalents	74,756	105,799
Securities:
Available-for-sale	366,546	239,300
Held-to-maturity	81,765	103,258
Equity securities, at fair value	1,913	1,869
Restricted securities, at cost	4,421	4,951
Loans, net of unearned income	1,631,043	1,659,396
Bank owned life insurance	21,071	20,998
Accrued interest receivable	4,744	4,943
Liabilities:
Deposits	2,057,563	1,882,132
FHLB advances		17,837
Subordinated debt	22,517	25,325
Accrued interest payable	643	843
Fair Value, Inputs, Level 1 | Fair Value
Assets:
Cash and cash equivalents	74,756	105,799
Securities:
Equity securities, at fair value	1,913	1,869
Fair Value, Inputs, Level 2 | Fair Value
Securities:
Available-for-sale	366,546	239,300
Held-to-maturity	81,765	103,258
Restricted securities, at cost	4,421	4,951
Bank owned life insurance	21,071	20,998
Accrued interest receivable	4,744	4,943
Liabilities:
Deposits	2,057,563	1,882,132
FHLB advances		17,837
Accrued interest payable	643	843
Fair Value, Inputs, Level 3 | Fair Value
Securities:
Loans, net of unearned income	1,631,043	1,659,396
Liabilities:
Subordinated debt	$ 22,517	$ 25,325

Fair Value Measurements - Addit

Fair Value Measurements - Additional information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value Measurements
Impaired loans with recorded reserve	$ 0	$ 0
Other real estate owned	$ 0	$ 0

Earnings per Common Share - Com

Earnings per Common Share - Computation of earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income available to common shareholders (in thousands):
Net income	$ 8,045	$ 6,761	$ 23,601	$ 17,914
Less: Income attributable to unvested restricted stock awards	(33)	(30)	(103)	(85)
Net income available to common shareholders	$ 8,012	$ 6,731	$ 23,498	$ 17,829
Weighted average shares outstanding:
Common shares outstanding, including unvested restricted stock	14,047,746	13,641,330	13,963,307	13,635,404
Less: Unvested restricted stock	(58,332)	(60,792)	(60,983)	(64,955)
Weighted-average common shares outstanding - basic	13,989,414	13,580,538	13,902,324	13,570,449
Earnings per common share - basic	$ 0.57	$ 0.50	$ 1.69	$ 1.31
Income available to common shareholders (in thousands):
Net income	$ 8,045	$ 6,761	$ 23,601	$ 17,914
Less: Income attributable to unvested restricted stock awards	(33)	(30)	(103)	(85)
Net income available to common shareholders	$ 8,012	$ 6,731	$ 23,498	$ 17,829
Weighted average shares outstanding:
Common shares outstanding, including unvested restricted stock	14,047,746	13,641,330	13,963,307	13,635,405
Less: Unvested restricted stock	(58,332)	(60,792)	(60,983)	(64,955)
Plus: Effect of dilutive options	118,872	302,566	163,563	294,776
Weighted-average common shares outstanding - diluted	14,108,286	13,883,104	14,065,887	13,865,226
Earnings per common share - diluted	$ 0.57	$ 0.48	$ 1.67	$ 1.29

Earnings per Common Share - Add

Earnings per Common Share - Additional information (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock options
Antidilutive securities excluded from computation of earnings per share
Antidilutive securities excluded from computation of earnings per share, amount	0	0	0	15,000

Stock Based Compensation Plan_2

Stock Based Compensation Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Apr. 28, 2015
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 693	$ 66	$ 4,400	$ 268
Share-based compensation expense	0	0	0	$ 10
Unrecognized share-based compensation expense	0		$ 0
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock grants			500	7,946
Share-based compensation expense	133	119	$ 402	$ 386
Weighted average grant date fair value, granted			$ 22.10
Fair value of vested shares	10	$ 8	$ 381	$ 361
Unrecognized share-based compensation expense	$ 628		$ 628
Recognition period			1 year 6 months
Restricted Stock Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term			2 years
Restricted Stock Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term			5 years
2015 Plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for issuance					976,211
Number of shares available for grant	323,630		323,630
Vesting term			5 years
Expiration term			10 years
2015 Plan | Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price of stock expressed in fair value percentage			100%
2015 Plan | Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award			10 years
2006 Plan | Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	1,490,700		1,490,700

Stock Based Compensation Plan -

Stock Based Compensation Plan - Summary of Stock Options Activity (Details) - Stock options - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, beginning balance			534,236
Options granted	0	0	0	0
Options exercised			(325,649)
Options forfeited or expired			(3,653)
Options outstanding, ending balance	204,934		204,934
Options exercisable	204,934		204,934
Weighted average exercise price, beginning balance			$ 10.45
Weighted average exercise price, exercised			9.39
Weighted average exercise price, forfeited or expired			8.79
Weighted average exercise price, ending balance	$ 12.17		12.17
Weighted average exercise price, exercisable	$ 12.17		$ 12.17
Aggregate intrinsic value outstanding	$ 2,538,641		$ 2,538,641
Aggregate intrinsic value exercisable	$ 2,538,641		$ 2,538,641

Stock Based Compensation Plan_3

Stock Based Compensation Plan - Summary of Stock Options Outstanding and Exercisable (Details) - Stock options - $ / shares	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options outstanding	204,934	534,236
Options outstanding, weighted average remaining contractual life (in years)	2 years 9 months 7 days
Options exercisable	204,934
Options exercisable, weighted average remaining contractual life (in years)	2 years 9 months 7 days
$0.00 - $11.00
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price range minimum rate	$ 0
Exercise price range maximum rate	$ 11
Options outstanding	187
Options outstanding, weighted average remaining contractual life (in years)	3 months 14 days
Options exercisable	187
Options exercisable, weighted average remaining contractual life (in years)	3 months 14 days
$11.01 - $12.00
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price range minimum rate	$ 11.01
Exercise price range maximum rate	$ 12
Options outstanding	188,685
Options outstanding, weighted average remaining contractual life (in years)	2 years 6 months 21 days
Options exercisable	188,685
Options exercisable, weighted average remaining contractual life (in years)	2 years 6 months 21 days
12.01 - $16.00
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price range minimum rate	$ 12.01
Exercise price range maximum rate	$ 16
Options outstanding	1,062
Options outstanding, weighted average remaining contractual life (in years)	2 years 2 months 23 days
Options exercisable	1,062
Options exercisable, weighted average remaining contractual life (in years)	2 years 2 months 23 days
$16.01 - $18.16
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price range minimum rate	$ 16.01
Exercise price range maximum rate	$ 18.16
Options outstanding	15,000
Options outstanding, weighted average remaining contractual life (in years)	5 years 6 months 29 days
Options exercisable	15,000
Options exercisable, weighted average remaining contractual life (in years)	5 years 6 months 29 days

Stock Based Compensation Plan_4

Stock Based Compensation Plan - Summary of Restricted Stock Awards (Details) - Restricted Stock Awards - $ / shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares outstanding, beginning balance	75,826
Nonvested shares, granted	500	7,946
Nonvested shares, vested	(16,710)
Nonvested shares, forfeited	(1,570)
Nonvested shares outstanding, ending balance	58,046
Weighted average grant date fair value outstanding, beginning balance	$ 17.25
Weighted average grant date fair value, granted	22.10
Weighted average grant date fair value, vested	17.03
Weighted average grant date fair value, forfeited	16.55
Weighted average grant date fair value, ending balance	$ 17.37

Regulatory Capital (Details)

Regulatory Capital (Details)	Sep. 30, 2022
Regulatory Capital
Capital conservation buffer ratio	0.025
Capital conservation buffer ratio above minimum requirement	0.074

Regulatory Capital - Schedule o

Regulatory Capital - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total capital (to risk weighted assets)
Actual, Amount	$ 274,611	$ 252,843
Actual, Ratio	0.154	0.153
Minimum Capital Requirements, Amount	$ 187,251	$ 173,923
Minimum Capital Requirements, Ratio	0.105	0.105
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 178,334	$ 165,641
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100	0.100
Tier 1 capital (to risk weighted assets)
Actual, Amount	$ 254,226	$ 232,458
Actual, Ratio	0.143	0.140
Minimum Capital Requirements, Amount	$ 151,584	$ 140,795
Minimum Capital Requirements, Ratio	0.085	0.085
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 142,668	$ 132,513
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.080	0.080
Common equity tier 1 capital (to risk weighted assets)
Actual, Amount	$ 254,226	$ 232,458
Actual, Ratio	0.143	0.140
Minimum Capital Requirements, Amount	$ 124,834	$ 115,948
Minimum Capital Requirements, Ratio	0.070	0.070
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 115,917	$ 107,666
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.065	0.065
Tier 1 capital (to average assets)
Actual, Amount	$ 254,226	$ 232,458
Actual, Ratio	0.110	0.110
Minimum Capital Requirements, Amount	$ 92,494	$ 84,799
Minimum Capital Requirements, Ratio	0.040	0.040
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 115,618	$ 105,999
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.050	0.050

Revenue - Components of Non-int

Revenue - Components of Non-interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Service charges on deposit accounts and Other service charges and fees
Bank owned life insurance	$ 255	$ 102	$ 445	$ 309
Gains on securities				10
Net gains (losses) on premises and equipment			(1)	19
Insurance commissions	47	28	312	205
Other operating income (loss)	(106)	(14)	(492)	136
Total non-interest income	450	325	973	1,206
Overdrawn account fees
Service charges on deposit accounts and Other service charges and fees
Non-interest income	19	22	60	53
Account service fees
Service charges on deposit accounts and Other service charges and fees
Non-interest income	60	48	180	135
Interchange income
Service charges on deposit accounts and Other service charges and fees
Non-interest income	108	96	306	273
Other Charges and Fees
Service charges on deposit accounts and Other service charges and fees
Non-interest income	67	24	163	66
Premises And Equipment
Service charges on deposit accounts and Other service charges and fees
Non-interest income		19	(1)	19
Insurance Commissions
Service charges on deposit accounts and Other service charges and fees
Non-interest income	$ 47	$ 28	$ 312	$ 205

Revenue - Additional informatio

Revenue - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Other operating income (loss)	$ 1		$ 6	$ 51
Gain (loss) on fair value of adjustment on equity securities	$ (107)	$ (14)	$ (498)	$ 85
Maximum
Disaggregation of Revenue [Line Items]
Other operating income (loss)		$ 1

Other Operating Expenses (Detai

Other Operating Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Operating Expenses
Advertising expense	$ 47	$ 99	$ 147	$ 309
Data processing	484	297	1,412	1,048
FDIC insurance	140	185	410	672
Professional fees	281	218	852	1,116
State franchise tax	523	461	1,570	1,387
Director costs	200	201	615	591
Other operating expenses	427	328	1,241	1,236
Total other operating expenses	$ 2,102	$ 1,789	$ 6,247	$ 6,359

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 207,530	$ 195,246	$ 208,470	$ 186,081
Net change during the period	(13,988)	56	(30,516)	(2,386)
Ending balance	202,212	202,222	202,212	202,222
Gain on sales and calls of securities				10
Gain (loss) on available-for-sale securities, related tax				2
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(16,928)	1,344	(400)	3,786
Net change during the period	(13,988)	56	(30,516)	(2,386)
Ending balance	(30,916)	1,400	(30,916)	1,400
Unrealized Gain (Loss) on Available-for-sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(789)	3,786
Net change during the period			(30,401)	(2,824)
Ending balance	(31,190)	962	(31,190)	962
Unrealized Gains on Securities Transferred from Available-for-sale to Held-to-maturity
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			389
Net change during the period			(115)	438
Ending balance	$ 274	$ 438	$ 274	$ 438