John Marshall Bancorp (JMSB) 10-K 20 Mar 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Feb. 29, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
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, Address Line One	1943 Isaac Newton Square
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Reston
Entity Address State Or Province	VA
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 247.9
Entity Common Stock, Shares Outstanding		14,171,106
Entity Central Index Key	0001710482
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	Yount, Hyde & Barbour, P.C.
Auditor Location	Richmond, Virginia
Auditor Firm ID	613

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 7,424	$ 6,583
Interest-bearing deposits in other banks	91,581	55,016
Total cash and cash equivalents	99,005	61,599
Securities available-for-sale, at fair value	169,993
Securities available-for-sale, at fair value		357,576
Securities held-to-maturity at amortized cost, fair value of $79,532 and $81,161 as of December 31, 2023 and December 31, 2022, respectively	95,505	99,415
Securities held-to-maturity, net	95,505	99,415
Restricted securities, at cost	5,012	4,425
Equity securities, at fair value	2,792	2,115
Loans, net of unearned income		1,789,508
Less: Allowance for loan credit losses		(20,208)
Loans, net		1,769,300
Loans, net of unearned income	1,859,967
Less: Allowance for loan credit losses	(19,543)
Loans, net	1,840,424
Bank premises and equipment, net	1,281	1,219
Accrued interest receivable	6,110	5,531
Bank owned life insurance		21,170
Right of use assets	4,176	4,611
Other assets	18,251	21,274
Total assets	2,242,549	2,348,235
Deposits:
Non-interest bearing demand deposits	411,374	476,697
Interest-bearing demand deposits	607,971	691,945
Savings deposits	52,061	95,241
Time deposits	835,194	803,857
Total deposits	1,906,600	2,067,740
Federal funds purchased	10,000	25,500
Federal Reserve Bank borrowings	54,000
Subordinated debt	24,708	24,624
Accrued interest payable	4,559	1,035
Lease liabilities	4,446	4,858
Other liabilities	8,322	11,678
Total liabilities	2,012,635	2,135,435
Commitments and contingencies
Shareholders' Equity
Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued
Additional paid-in capital	95,636	94,726
Retained earnings	146,388	146,630
Accumulated other comprehensive loss	(12,251)	(28,697)
Total shareholders' equity	229,914	212,800
Total liabilities and shareholders' equity	2,242,549	2,348,235
Common stock, voting
Shareholders' Equity
Common stock	141	141
Common stock, non voting
Shareholders' Equity
Common stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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)	14,148,533	14,098,986
Common stock, outstanding (in shares)	14,148,533	14,098,986
Common stock, voting | Unvested shares
Common stock, issued (in shares)	47,318	55,185
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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest and Dividend Income
Interest and fees on loans	$ 86,435	$ 74,281
Interest on investment securities, taxable	7,206	7,934
Interest on investment securities, tax-exempt	53	120
Dividends	300	249
Interest on deposits in banks	6,776	1,482
Total interest and dividend income	100,770	84,066
Interest Expense
Deposits	47,168	11,778
Federal funds purchased	15	15
Federal Home Loan Bank advances	67	42
Federal Reserve Bank borrowings	1,640
Subordinated debt	1,396	1,810
Total interest expense	50,286	13,645
Net interest income	50,484	70,421
Provision for (recovery of) credit losses	(3,252)	175
Net interest income after provision for (recovery of) credit losses	53,736	70,246
Non-interest Income
Service charges on deposit accounts	330	324
Bank owned life insurance	224	544
Other service charges and fees	838	656
Losses on sale of available-for-sale securities	(17,316)
Insurance commissions	386	382
Gain on sale of government guaranteed loans	131
Non-qualified deferred compensation plan asset gains (losses), net	317	(354)
Other income	150	139
Total non-interest income (loss)	(14,940)	1,691
Non-interest Expenses
Salaries and employee benefits	19,436	20,190
Occupancy expense of premises	1,811	1,893
Furniture and equipment expenses	1,178	1,325
Other operating expenses	8,390	8,466
Total non-interest expenses	30,815	31,874
Income before income taxes	7,981	40,063
Income tax expense	2,823	8,260
Net income	$ 5,158	$ 31,803
Earnings per share, basic	$ 0.37	$ 2.27
Earnings per share, diluted	$ 0.36	$ 2.25

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Comprehensive Income
Net Income (Loss)	$ 5,158	$ 31,803
Other comprehensive income:
Unrealized gain/ (loss) on available-for-sale securities, net of tax of $(761) and $(7,484) for the twelve months ended December 31, 2023 and December 31, 2022, respectively.	2,862	(28,153)
Reclassification adjustment for losses on available-for-sale securities included in net income, net of tax of $(3,636) for the twelve months ended December 31, 2023.	13,680
Amortization of unrealized gains on securities transferred to held-to-maturity, net of tax of $(26) and $(38) for the twelve months ended December 31, 2023 and December 31, 2022, respectively.	(96)	(144)
Total other comprehensive income (loss)	16,446	(28,297)
Total comprehensive income	$ 21,604	$ 3,506

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Comprehensive Income
Unrealized (loss) on available-for-sale securities, net of tax	$ (761)	$ (7,484)
Reclassification adjustment for losses on available-for-sale securities included in net income, net of tax	(3,636)
Amortization of unrealized gains on securities transferred to held-to-maturity, net of tax	$ (26)	$ (38)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Accumulated Other Comprehensive (Loss)	Cumulative Effect, Period of Adoption, Adjustment	Total
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 (Loss)				31,803			31,803
Other comprehensive income (loss)					(28,297)		(28,297)
Exercise of stock options, net of shares surrendered	$ 4	3,054					3,058
Exercise of stock options, net of shares surrendered (in shares)	331,719
Dividend declared on common stock				(2,799)			(2,799)
Restricted stock vesting		(8)					(8)
Restricted stock vesting (in shares)	42,310
Share-based compensation		573					573
Ending balance at Dec. 31, 2022	$ 141	94,726		146,630	(28,697)		212,800
Ending balance (in shares) at Dec. 31, 2022	14,043,801
Net Income (Loss)				5,158			5,158
Other comprehensive income (loss)					16,446		16,446
Dividend declared on common stock				(3,108)			(3,108)
Exercise of stock options		320					320
Exercise of stock options (in shares)	27,375
Restricted stock vesting		(6)					(6)
Restricted stock vesting (in shares)	30,039
Share-based compensation		596					596
Ending balance at Dec. 31, 2023	$ 141	$ 95,636	$ (2,292)	$ 146,388	$ (12,251)	$ (2,292)	$ 229,914
Ending balance (in shares) at Dec. 31, 2023	14,101,215

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Changes in Shareholders' Equity
Dividend paid per share	$ 0.0022	$ 0.0020
Exercise of stock options, shares surrendered		8,930
Restricted stock vesting, shares surrendered	351	251

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Net income	$ 5,158	$ 31,803
Adjustment to reconcile net income to net cash provided by operating activities:
Depreciation	484	557
Right of use asset amortization	1,231	1,360
Provision for (recovery of) credit losses		175
Provision for (recovery of) credit losses	(3,252)
Share-based compensation expense	596	573
Net (accretion)/amortization of securities	(270)	(25)
Fair value adjustment on equity securities	(317)	354
Amortization of debt issuance costs	84	317
Net gains on premises and equipment	(16)
Losses on available-for-sale securities	17,316
Deferred tax (benefit)	921	594
Net increase in cash surrender value of life insurance	(224)	(544)
Gain on sale of government guaranteed loans	(131)
Changes in assets and liabilities:
(Increase) Decrease in accrued interest receivable	(579)	(588)
Increase in other assets	(1,659)	(1,376)
Increase (decrease) in accrued interest payable	3,524	192
(Decrease) in other liabilities	(4,862)	(237)
Net cash provided by operating activities	18,004	33,155
Cash Flows from Investing Activities
Net (increase) in loans	(71,860)	(123,038)
Proceeds from sale of government guaranteed loans originally classified as held for investment	1,515
Purchase of available-for-sale securities		(206,890)
Purchase of held-to-maturity securities		(1,003)
Proceeds from sale of available-for-sale securities	156,011
Proceeds from maturities, calls and principal repayments of available-for-sale securities	35,538	53,077
Proceeds from maturities, calls and principal repayments of held-to-maturity securities	3,715	6,841
Net (purchases) redemptions of restricted securities	(587)	526
Net purchases of equity securities	(360)	(600)
Proceeds from bank owned life insurance contracts	21,394	371
Proceeds from sale of premises and equipment	82
Purchases of bank premises and equipment	(612)	(156)
Net cash provided by (used in) investing activities	144,836	(270,872)
Cash Flows from Financing Activities
Net (decrease) increase in deposits	(161,140)	186,187
Net repayment of Federal Home Loan Bank advances		(18,000)
Proceeds from Federal Reserve Bank borrowings	54,000
Issuance of subordinated debt		24,579
Repayment of subordinated debt		(25,000)
Cash dividends paid	(3,108)	(2,799)
Net proceeds (repayment) of federal funds purchased	(15,500)	25,500
Issuance of common stock for share options exercised	320	3,058
Repurchase of shares for tax withholding on share-based compensation	(6)	(8)
Net cash (used in) provided by financing activities	(125,434)	193,517
Net increase in cash and cash equivalents	37,406	(44,200)
Cash and cash equivalents, beginning of period	61,599	105,799
Cash and cash equivalents, end of period	99,005	61,599
Supplemental Disclosures of Cash Flow Information
Interest	46,678	13,136
Income taxes	4,110	6,583
Supplemental Disclosures of Noncash Transactions
Unrealized gain (loss) on securities available-for-sale	20,939	(35,637)
Right of use asset obtained in exchange for new operating lease liability	$ 1,009	$ 1,058

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policy	12 Months Ended
	Dec. 31, 2023
Nature of Business and Summary of Significant Accounting Policy
Nature of Business and Summary of Significant Accounting Policy	Note 1— Nature of Business and Summary of Significant Accounting Policy 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 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. The accounting and reporting policies of John Marshall Bancorp, Inc. conform to generally accepted accounting principles in the United States of America and reflect practices of the banking industry. The significant accounting policies are summarized below. Principles of Consolidation 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. Restriction on Dividends The Bank is subject to certain restrictions on the amount of dividends that it may pay to the Company without prior regulatory approval. At December 31, 2023, the Bank had $58.1 million available to distribute in the form of dividends to the Company. Significant Accounting Policies Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the United States of America (“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 credit losses. Reclassifications Certain items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or shareholders’ equity. Concentration of Credit Risk Most of the Company’s activities are with customers located in the Washington, D.C. metropolitan area. Real estate loans, including commercial, construction and land development, and residential loans, represented 98% of the total loan portfolio at December 31, 2023 and 97% of the total loan portfolio at December 31, 2022. The Company does not have any significant concentrations to any one industry or customer. Cash and Cash Equivalents For the purposes of the statements of cash flows, cash and cash equivalents include cash and balances due from banks and interest-bearing deposits in banks (items with an original maturity of three months or less). Securities Certain debt securities that management has the positive intent and ability to hold-to-maturity are classified as “held-to-maturity” and recorded at amortized cost. Debt securities not classified as held-to-maturity or trading, are classified as “available-for-sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported net of deferred tax in accumulated other comprehensive income (loss) within shareholders’ equity. Purchase premiums and discounts on debt securities are recognized in interest income using the interest method over the terms of the securities. Transfers of debt securities into the held-to-maturity classification from the available-for-sale classification are made at fair value on the date of transfer. The unrealized holding gain or loss on the date of the transfer is reported in accumulated other comprehensive income (loss) and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the remaining contractual lives of the securities. Equity securities with readily determinable fair values are carried at fair value, with changes in fair value reported in net income. Any equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments. Restricted equity securities are carried at cost and are periodically evaluated for impairment based on the ultimate recovery of par value. The entirety of any impairment on the equity securities is recognized in earnings. Gains and losses on sales of securities are recorded on the trade date and determined using the specific identification method. Allowance for Credit Losses - Held-to-Maturity Securities The Company estimates expected credit losses on held-to-maturity securities on an individual basis based on a Probability of Default/Loss Given Default (“PD/LGD”) methodology primarily using security-level credit ratings. The primary indicators of credit quality for the Company’s held-to-maturity portfolio are security type and credit rating, which are influenced by a number of factors including obligor cash flow, geography, seniority, among other factors. The Company’s held-to-maturity securities with credit risk are municipal bonds, which had a credit rating of AA or better as of December 31, 2023. All other held-to-maturity securities are covered by the explicit or implied guarantee of the United States government or one of its agencies. Changes in the allowance for credit loss are recorded as provision for (or recovery of) credit losses in the Consolidated Statements of Income. Allowance for Credit Losses - Available-for-Sale Securities Management evaluates all available-for-sale securities in an unrealized loss position on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. If the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is the result of credit losses or other factors. In making the assessment, the Company may consider various factors including the extent to which fair value is less than amortized cost, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specific to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any deficiency is recorded as an allowance for credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an allowance for credit loss is recognized in other comprehensive income (loss). Changes in the allowance for credit loss are recorded as a provision for (or recovery of) credit losses in the Consolidated Statements of Income. Losses are charged against the allowance for credit loss when management believes an available-for-sale security is confirmed to be uncollectible or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale securities totaled $518 thousand at December 31, 2023 Loans The Company grants real estate, commercial and consumer loans to customers (representing the Company’s loan segments). A substantial portion of the loan portfolio is represented by commercial real estate loans in the Washington, D.C. metropolitan area. Within the real estate segment, the Company has also identified the residential, commercial and construction classes. The ability of the Company’s debtors to honor their real estate loan contracts is dependent upon the real estate market and general economic conditions in this area, among other factors. Underwriting and risk characteristics of each loan class are summarized as follows: ● Real estate residential mortgage loans carry risks associated with the continued creditworthiness of the borrower and changes in the value of the collateral. ● Real estate commercial mortgage loans carry risks associated with the successful operation of a business, the continued creditworthiness of the borrower and any related guarantors and changes in the value of the collateral. In the case of investor-owned commercial real estate, risks are expanded to include the financial strength of the tenants occupying the property and the stability of occupancy and lease rates. ● Real estate construction and land development loans carry risks that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may, at any point in time, be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be a customer of the Company, may be unable to finish the construction project as planned because of financial pressure unrelated to the project. ● Commercial loans carry risks associated with the successful operation of a business and the financial strength of any related guarantors. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision. ● Consumer loans carry the risks associated with the continued creditworthiness of the borrower and the value of any collateral. Consumer loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for the allowance for loan credit losses and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well secured and in the process of collection. Other personal loans are typically charged off no later than 180 days past due. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. The determination of days past due or delinquency status uses the first contractual payment date that has not been paid-in-full by the borrower. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Credit Losses - Loans The allowance for loan credit losses represents an amount which, in management's judgment, is adequate to absorb the lifetime expected losses that may be sustained on outstanding loans at the balance sheet date based on the evaluation of the size and current risk characteristics of the loan portfolio, past events, current conditions, reasonable and supportable forecasts of future economic conditions, and prepayment experience. The allowance for loan credit losses is measured and recorded upon the initial recognition of a financial asset. The allowance for loan credit losses is reduced by charge-offs, net of recoveries of previous losses, and is increased or decreased by a provision for (or recovery of) credit losses, which is recorded in the Consolidated Statements of Income. The Company is utilizing a discounted cash flow model to estimate its current expected credit losses. For the purposes of calculating its quantitative reserves, the Company has segmented its loan portfolio based on loans which share similar risk characteristics. Within the quantitative portion of the calculation, the Company utilizes at least one or a combination of loss drivers, which may include unemployment rates, home price indices, and/or gross domestic product, to adjust its loss rates over a reasonable and supportable forecast period of one year. A straight-line reversion technique is used for the following four quarters, at which time the Company reverts to historical averages. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider qualitative factors, including but not limited to: variability in the economic forecast, changes in volume and severity of adversely classified loans, changes in concentrations of credit, changes in the nature and volume of the loan segments, factors related to credit administration, and other Loans that do not share risk characteristics are evaluated on an individual basis. The Company designates individually evaluated loans on nonaccrual status as collateral dependent loans, as well as other loans that management of the Company designates as having higher risk and loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the allowance for credit losses. The Company has adopted the practical expedient to measure the allowance for credit losses for collateral dependent loans based on the fair value of collateral. The allowance for credit losses is calculated on an individual loan basis based on the shortfall between the fair value of the loan's collateral, which is adjusted for liquidation costs/discounts, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required. Allowance for Credit Losses – Unfunded Commitments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to provision for (or recovery of) credit losses in the Consolidated Statements of Income. The allowance for credit losses on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date using the same methodology as the loan portfolio, taking into consideration the likelihood that funding will occur as well as any third-party guarantees. The allowance for unfunded commitments is included in other liabilities on the Company’s consolidated balance sheets. Accrued Interest Receivable The Company has elected to exclude accrued interest from the amortized cost basis in its determination of the allowance for credit losses for both loans and held-to-maturity securities, as well as elected the policy to write-off accrued interest receivable directly through the reversal of interest income. Accrued interest receivable totaled $5.3 million on loans and $255 thousand on held-to-maturity securities at December 31, 2023, and is included Accrued Interest Receivable Bank Premises and Equipment Bank premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation of property and equipment is computed on the straight-line method over the useful lives of the assets, ranging from three Bank Owned Life Insurance The Company has purchased life insurance on certain key executives and officers. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement. Changes in cash surrender value are reflected in non-interest income in the Consolidated Statements of Income. During the third quarter of 2023, the Company surrendered all outstanding Bank Owned Life Insurance policies. Other Real Estate Owned Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Operating costs after acquisition are expensed as incurred. The Company had no other real estate owned as of December 31, 2023 and 2022. At December 31, 2023 and 2022, there were no consumer mortgage loans secured by residential real estate for which formal foreclosure proceedings were in progress. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (a) the assets have been isolated from the Company – put presumptively beyond the reach of the transferor and its creditors, even in the event of bankruptcy or other receivership, (b) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (c) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Loan Servicing Rights The Company holds rights to service the guaranteed portion of U.S. Small Business Administration loans sold in the secondary market. Loan servicing rights are capitalized at estimated fair value when acquired through the origination of loans that are subsequently sold with the servicing rights retained. Loan servicing rights are amortized to servicing income on loans sold approximately in proportion to and over the period of estimated net servicing income. The value of loan servicing rights at the date of the sale of loans is estimated based on the discounted present value of expected future cash flows using key assumptions for servicing income and costs and expected prepayment rates on the underlying loans. The estimated fair value is periodically evaluated for impairment by comparing actual cash flows and estimated future cash flows from the loan servicing assets to those estimated at the time that the loan servicing assets were originated. Fair values are estimated using expected future discounted cash flows based on current market rates of interest. For purposes of measuring impairment, the loan servicing rights must be stratified by one or more predominant risk characteristics of the underlying loans. The Company stratifies its capitalized loan servicing rights based on product type and term of the underlying loans. The amount of impairment recognized is the amount, if any, by which the amortized cost of the loan servicing rights exceeds their fair value. Impairment, if deemed temporary, is recognized through a valuation allowance to the extent that fair value is less than the recorded amount. The Company had $22 thousand in loan servicing rights recorded within Other Assets on the Consolidated Balance Sheets as of December 31, 2023. The Company did not have any loan servicing rights as of December 31, 2022. Income Taxes Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences, operating loss carryforwards, and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company recorded no liability for unrecognized tax benefits at December 31, 2023 or 2022. Earnings Per Common Share Earnings per common share is calculated in accordance with Accounting Standard Codification (“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 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. Earnings per share are restated for all stock splits and dividends through the date the financial statements are issued. Advertising Costs The Company follows the policy of charging the production costs of advertising to expense as incurred. Advertising expense was $288 thousand and $193 thousand for the years ended December 31, 2023 and 2022, respectively. Share-Based Compensation The Company recognizes the compensation cost relating to share-based payment transactions based on the grant date fair value of the equity instruments issued. The share compensation accounting guidance requires that compensation cost for all share-based awards be calculated and recognized over the vesting period. A Black-Scholes model is used to estimate the fair value of stock options. Restricted stock awards are valued using the closing stock price on the date of grant. The Company’s accounting policy is to recognize forfeitures as they occur. Comprehensive Income (Loss) Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains (losses) on securities available-for-sale and the amortization of unrealized losses or accretion of unrealized gains on securities transferred from available-for-sale to held-to-maturity, which are also recognized as a separate component of equity. Items reclassified out of accumulated other comprehensive income (loss) to net income relate solely to realized gains (losses) on sales of securities available-for-sale and appear under the caption “Losses on sale of available for sale securities” in the Company’s Consolidated Statements of Income. Derivatives The Company enters into interest rate swaps (“swaps”) with commercial loan customers to provide a facility to mitigate the fluctuations in the variable rate on the respective loans. These swaps are matched in exact offsetting terms to swaps that the Company enters into with an outside third party. The swaps are reported at fair value in other assets or other liabilities in the Consolidated Balance Sheets. The Company's swaps qualify as derivatives, but are not designated as hedging instruments. As such, any net gain or loss resulting from changes in the fair value is recognized in other operating (loss) income in the Consolidated Statements of Income. Refer to Note 5 for further discussion regarding the Company’s swaps. Fair Value of Financial Instruments Fair values of various assets and liabilities are estimated using relevant market information, valuation techniques and other assumptions, as more fully disclosed in Note 12. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. Accounting Standards Adopted in 2023 ASU 2016-13 In addition, CECL made changes to the accounting for available-for-sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities if management does not intend to sell and does not believe that it is more likely than not they will be required to sell. The Company adopted ASC 326 and all related subsequent amendments thereto effective January 1, 2023 using the modified retrospective approach for all financial assets measured at amortized cost and off-balance sheet credit exposures. At adoption, the after tax impact to retained earnings was a reduction of $(2.3) million based on our evaluation as of that date. This adjustment consisted of increases to the allowance for credit losses on loans, as well as the Company's allowance for unfunded loan commitments. The Company adopted ASC 326 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As of December 31, 2022, the Company did not have any other-than-temporarily impaired investment securities. The Company did not record an allowance for credit losses for securities classified as available-for-sale or held-to-maturity upon adoption. The Company elected not to measure an allowance for credit losses for accrued interest receivable and instead elected to reverse interest income on loans or securities that are placed on nonaccrual status, which is generally when the instrument is 90 days past due, or earlier if the Company believes the collection of interest is doubtful. The Company has concluded that this policy results in the timely reversal of uncollectible interest. The adoption of CECL did not result in a significant change to any other credit risk management and monitoring processes, including identification of past due or delinquent borrowers, nonaccrual practices or charge-off policy. ASU 2022-02 refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. In addition, the amendments require that the Company disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The Company adopted the standard prospectively and it did not have a material impact on the financial statements.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2023
Investment Securities
Investment Securities	Note 2— Investment Securities Available-for-Sale ​ Each of the securities in the Company’s available-for-sale investment portfolio is either covered by the explicit or implied guarantee of the United States government or one of its agencies or rated investment grade or higher. All available-for-sale securities were current with no securities past due or on nonaccrual as of December 31, 2023 or December 31, 2022. ​ The following tables summarize the amortized cost and fair value of securities available-for-sale and the corresponding amounts of gross unrealized gains and losses at December 31, 2023 and December 31, 2022, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Available-for-sale ​ ​ ​ ​ U.S. Treasuries ​ $ 44,793 ​ $ — ​ $ (1,816) ​ $ 42,977 U.S. government and federal agencies ​ 13,850 ​ — ​ (575) ​ 13,275 Corporate bonds ​ 3,000 ​ — ​ (477) ​ 2,523 Collateralized mortgage obligations ​ 40,806 ​ — ​ (6,496) ​ 34,310 Tax-exempt municipal ​ 1,380 ​ — ​ (149) ​ 1,231 Taxable municipal ​ 606 ​ — ​ (19) ​ 587 Mortgage-backed ​ 81,255 ​ — ​ (6,165) ​ 75,090 Total Available-for-sale Securities ​ $ 185,690 ​ $ — ​ $ (15,697) ​ $ 169,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Available-for-sale ​ ​ ​ ​ U.S. Treasuries ​ $ 63,480 ​ $ — ​ $ (4,270) ​ $ 59,210 U.S. government and federal agencies ​ 38,748 ​ — ​ (3,988) ​ 34,760 Corporate bonds ​ 3,000 ​ — ​ (386) ​ 2,614 Collateralized mortgage obligations ​ 44,732 ​ — ​ (6,258) ​ 38,474 Tax-exempt municipal ​ 4,993 ​ — ​ (348) ​ 4,645 Taxable municipal ​ 608 ​ — ​ (29) ​ 579 Mortgage-backed ​ 238,652 ​ — ​ (21,358) ​ 217,294 Total Available-for-sale Securities ​ $ 394,213 ​ $ — ​ $ (36,637) ​ $ 357,576 ​ During 2023, the Company sold available-for-sale securities with a total par value of $173.2 million resulting in a gross pre-tax loss of $17.3 million. The Company did not sell or recognize any gain or loss for any securities in 2022. Available-for-sale securities having a market value of $90.3 million and $83.4 million at December 31, 2023 and December 31, 2022, respectively, were pledged to secure public deposits and for other purposes required by law. These securities had an amortized cost of $95.8 million and $91.0 million at December 31, 2023 and December 31, 2022, respectively. The following tables summarize the fair value of securities available-for-sale at December 31, 2023 and December 31, 2022 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ 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 Available-for-sale ​ ​ ​ ​ ​ ​ U.S. Treasuries ​ $ — ​ $ — ​ $ 42,977 ​ $ (1,816) ​ $ 42,977 ​ $ (1,816) U.S. government and federal agencies ​ — ​ — ​ 13,275 ​ (575) ​ 13,275 ​ (575) Corporate bonds ​ — ​ — ​ 2,523 ​ (477) ​ 2,523 ​ (477) Collateralized mortgage obligations ​ — ​ — ​ 34,310 ​ (6,496) ​ 34,310 ​ (6,496) Tax-exempt municipal ​ — ​ — ​ 1,231 ​ (149) ​ 1,231 ​ (149) Taxable municipal ​ — ​ — ​ 587 ​ (19) ​ 587 ​ (19) Mortgage-backed ​ — ​ — ​ 75,090 ​ (6,165) ​ 75,090 ​ (6,165) Total Available-for-sale Securities ​ $ — ​ $ — ​ $ 169,993 ​ $ (15,697) ​ $ 169,993 ​ $ (15,697) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasuries ​ $ 31,261 ​ $ (1,194) ​ $ 27,949 ​ $ (3,076) ​ $ 59,210 ​ $ (4,270) U.S. government and federal agencies ​ 16,107 ​ (1,078) ​ 18,653 ​ (2,910) ​ 34,760 ​ (3,988) Corporate bonds ​ ​ 2,614 ​ (386) ​ — ​ — ​ 2,614 ​ (386) Collateralized mortgage obligations ​ 16,746 ​ (1,143) ​ 21,728 ​ (5,115) ​ 38,474 ​ (6,258) Tax-exempt municipal ​ ​ 4,645 ​ (348) ​ — ​ — ​ 4,645 ​ (348) Taxable municipal ​ 337 ​ (2) ​ 242 ​ (27) ​ 579 ​ (29) Mortgage-backed ​ 145,795 ​ (9,612) ​ 71,499 ​ (11,746) ​ 217,294 ​ (21,358) Total Available-for-sale Securities ​ $ 217,505 ​ $ (13,763) ​ $ 140,071 ​ $ (22,874) ​ $ 357,576 ​ $ (36,637) ​ ​ The Company had 158 and 98 securities in an unrealized loss position as of December 31, 2023 and December 31, 2022, respectively. The Company has evaluated available-for-sale securities in an unrealized loss position for credit related impairment at December 31, 2023 and December 31, 2022 and concluded no impairment existed based on a combination of factors, which included: (1) the securities are of high credit quality, (2) unrealized losses are primarily the result of market volatility and increases in market interest rates, (3) the contractual terms of the investments do not permit the issuer(s) to settle the securities at a price less than the par value of each investment, (4) issuers continue to make timely principal and interest payments, and (5) the Company does not intend to sell any of the investments and the accounting standard of “more likely than not” has not been met for the Company to be required to sell any of the investments before recovery of its amortized cost basis. As such, there was no allowance for credit losses on available-for-sale securities at December 31, 2023. The table below summarizes the contractual maturities of our available-for-sale investment securities as of December 31, 2023. Issuers may have the right to call or prepay certain obligations and as such, the expected maturities of our securities may differ from the scheduled contractual maturities presented below. ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Amortized ​ Fair (Dollars in thousands) Cost Value Available-for-sale ​ ​ Due in one year or less ​ $ 22,248 ​ $ 21,933 Due after one year through five years ​ 46,393 ​ 44,271 Due after five years through ten years ​ 53,890 ​ 50,962 Due after ten years ​ 63,159 ​ 52,827 Total Available-for-sale Securities ​ $ 185,690 ​ $ 169,993 ​ In the prevailing rate environments as of December 31, 2023 and December 31, 2022, the Company’s available-for-sale investment portfolio had an estimated weighted average remaining life of approximately 3.0 years and 3.8 years, respectively. Held-to-Maturity Each of the securities in the Company’s held-to-maturity investment portfolio is either rated investment grade or higher or covered by the explicit or implied guarantee of the United States government or one of its agencies. All held-to-maturity securities were current with no securities past due or on nonaccrual as of December 31, 2023 or December 31, 2022. The following tables summarize the amortized cost and fair value of securities held-to-maturity and the corresponding amounts of gross unrealized losses at December 31, 2023 and December 31, 2022, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ U.S. Treasuries ​ $ 6,001 ​ $ — ​ $ (667) ​ $ 5,334 U.S. government and federal agencies ​ 35,434 ​ — ​ (5,100) ​ 30,334 Collateralized mortgage obligations ​ 19,395 ​ — ​ (4,095) ​ 15,300 Taxable municipal ​ 6,057 ​ — ​ (1,101) ​ 4,956 Mortgage-backed ​ 28,618 ​ — ​ (5,010) ​ 23,608 Total Held-to-maturity Securities ​ $ 95,505 ​ $ — ​ $ (15,973) ​ $ 79,532 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ U.S. Treasuries ​ $ 6,000 ​ $ — ​ $ (840) ​ $ 5,160 U.S. government and federal agencies ​ 35,551 ​ — ​ (6,135) ​ 29,416 Collateralized mortgage obligations ​ 21,275 ​ — ​ (4,227) ​ 17,048 Taxable municipal ​ 6,073 ​ — ​ (1,364) ​ 4,709 Mortgage-backed ​ 30,516 ​ — ​ (5,688) ​ 24,828 Total Held-to-maturity Securities ​ $ 99,415 ​ $ — ​ $ (18,254) ​ $ 81,161 ​ Held-to-maturity securities having a market value of $36.1 million and $31.0 million at December 31, 2023 and December 31, 2022, respectively, were pledged to secure public deposits and for other purposes required by law. These securities had an amortized cost of $42.3 million and $37.7 million at December 31, 2023 and December 31, 2022, respectively. The following table summarizes the fair value of securities held-to-maturity at December 31, 2022 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ — ​ $ — ​ $ 5,160 ​ $ (840) ​ $ 5,160 ​ $ (840) U.S. government and federal agencies ​ — ​ — ​ 29,416 ​ (6,135) ​ 29,416 ​ (6,135) Collateralized mortgage obligations ​ — ​ — ​ 17,048 ​ (4,227) ​ 17,048 ​ (4,227) Taxable municipal ​ — ​ — ​ 4,709 ​ (1,364) ​ 4,709 ​ (1,364) Mortgage-backed ​ 825 ​ (159) ​ 24,003 ​ (5,529) ​ 24,828 ​ (5,688) Total Held-to-maturity Securities ​ $ 825 ​ $ (159) ​ $ 80,336 ​ $ (18,095) ​ $ 81,161 ​ $ (18,254) ​ The Company evaluates the credit risk of its held-to-maturity securities on at least a quarterly basis. The Company estimates expected credit losses on held-to-maturity securities on an individual basis based on a PD/LGD methodology primarily using security-level credit ratings. The primary indicators of credit quality for the Company’s held-to-maturity portfolio are security type and credit rating, which is influenced by a number of factors including obligor cash flow, geography, seniority, and others. The Company’s held-to-maturity securities with credit risk were comprised of municipal bonds and had a credit rating of AA or better as of December 31, 2023. All other held-to-maturity securities are covered by the explicit or implied guarantee of the United States government or one of its agencies. The Company did not have an allowance for credit losses on held-to-maturity securities as of December 31, 2023 or upon adoption of ASC 326. The table below summarizes the contractual maturities of our held-to-maturity investment securities as of December 31, 2023. Issuers 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Amortized ​ Fair (Dollars in thousands) Cost Value Held-to-maturity ​ ​ Due in one year or less ​ $ — ​ $ — Due after one year through five years ​ 22,153 ​ 19,600 Due after five years through ten years ​ 23,492 ​ 19,766 Due after ten years ​ 49,860 ​ 40,166 Total Held-to-maturity Securities ​ $ 95,505 ​ $ 79,532 ​ In the prevailing rate environments as of December 31, 2023 and December 31, 2022, the Company’s held-to-maturity investment portfolio had an estimated weighted average remaining life of approximately 6.7 years and 7.3 years, respectively. Restricted Securities The table below summarizes the carrying amount of restricted securities as of December 31, 2023 and December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Federal Reserve Bank Stock ​ $ 3,310 ​ $ 3,292 Federal Home Loan Bank Stock ​ 1,642 ​ 1,073 Community Bankers’ Bank Stock ​ 60 ​ 60 Total Restricted Securities ​ $ 5,012 ​ $ 4,425 ​ Equity Securities The Company held equity securities with readily determinable fair values totaling $2.8 million and $2.1 million at December 31, 2023 and December 31, 2022, 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. Changes in the fair value of these securities are reflected in earnings. A gain of $317 thousand and a loss of $(354) thousand were recorded in non-interest income in the Consolidated Statements of Income as of December 31, 2023 and December 31, 2022, respectively.

Loans

Loans	12 Months Ended
	Dec. 31, 2023
Allowance for Loan Credit Losses
Loans	Note 3— Loans The following table presents the composition of the Company’s loan portfolio as of December 31, 2023 and December 31, 2022. Table 3.1: Loan Portfolio Composition ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Real Estate Loans: ​ ​ ​ ​ Commercial ​ $ 1,146,116 ​ $ 1,118,127 Construction and land development ​ 180,922 ​ 195,027 Residential ​ ​ 482,182 ​ ​ 426,841 Commercial - Non-Real Estate: ​ ​ Commercial loans ​ 45,204 ​ 44,924 Consumer - Non-Real Estate: ​ ​ Consumer loans ​ 560 ​ 529 Total Gross Loans ​ $ 1,854,984 ​ $ 1,785,448 Allowance for loan credit losses ​ (19,543) ​ (20,208) Net deferred loan costs ​ 4,983 ​ 4,060 Total net loans ​ $ 1,840,424 ​ $ 1,769,300 ​ ​ ​ ​ ​ Portfolio Segments ​ The Company currently manages its loan products and the respective exposure to credit losses by the following specific portfolio segments which are levels at which the Company develops and documents its systematic methodology to determine the allowance for loan credit losses attributable to each respective portfolio segment. These segments are: ​ ● Real estate - commercial loans – The real estate commercial loans category contains commercial mortgage loans secured by owner occupied, non-owner occupied, and multifamily real estate. ● Real estate - construction and land development loans – The real estate construction and land development loans category contains residential and commercial construction loan financing to builders and developers and to consumers building their own homes. ● Real estate - residential loans – The real estate residential mortgage loans category contains permanent mortgage loans principally to consumers secured by residential real estate. ● Commercial loans – The commercial loans category contains business purpose loans made to provide funds for the financing of equipment, receivables, contract administration expenses, and other general corporate needs of commercial businesses. ● Consumer loans – The consumer loans category contains personal loans such as installment loans and lines of credit. ​ ​

Allowance for Loan Credit Losse

Allowance for Loan Credit Losses	12 Months Ended
	Dec. 31, 2023
Allowance for Loan Credit Losses
Allowance for Loan Credit Losses	Note 4— Allowance for Loan Credit Losses On January 1, 2023, the Company adopted the CECL methodology as required under ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. For further discussion on the Company’s accounting policies and policy elections related to the accounting standard update refer to Note 1 of this Form 10-K. All loan information presented as of December 31, 2023 is in accordance with ASC 326. All loan information presented prior to December 31, 2023 is in accordance with previous applicable GAAP. The following table presents the activity in the allowance for loan credit losses for the twelve months ended December 31, 2023. ​ ​ Table 4.1: Allowance for Loan Credit Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Beginning balance, December 31, 2022 ​ ​ $ 13,205 ​ $ 2,860 ​ $ 3,044 ​ $ 456 ​ $ 5 ​ $ 638 ​ $ 20,208 Adjustment to allowance for adoption of ASC 326 ​ ​ ​ (2,649) ​ ​ 476 ​ ​ 4,552 ​ ​ 367 ​ ​ 57 ​ ​ (638) ​ ​ 2,165 Charge-offs ​ ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Recoveries ​ ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ — ​ ​ 2 Provision for (recovery of) credit losses ​ ​ ​ 2,285 ​ ​ (1,549) ​ ​ (3,273) ​ ​ (330) ​ ​ 35 ​ ​ — ​ ​ (2,832) Ending balance, December 31, 2023 ​ ​ $ 12,841 ​ $ 1,787 ​ $ 4,323 ​ $ 495 ​ $ 97 ​ $ — ​ $ 19,543 ​ The following table presents the activity for the allowance for loan losses for the twelve months ended December 31, 2022. Table 4.2: Allowance for Loan Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ — ​ — ​ — ​ 2 ​ — ​ — ​ 2 Provision for (recovery of) loan losses ​ 115 ​ 36 ​ 275 ​ (257) ​ — ​ 6 ​ 175 Ending Balance, December 31, 2022 ​ $ 13,205 ​ $ 2,860 ​ $ 3,044 ​ $ 456 ​ $ 5 ​ $ 638 ​ $ 20,208 ​ 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 December 31, 2022. There were no collateral dependent or individually evaluated loans as of December 31, 2023. ​ Table 4.3: Allowance for Loan Losses and Loans by Impairment Methodology ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ ​ 13,205 ​ ​ 2,860 ​ ​ 3,044 ​ ​ 456 ​ ​ 5 ​ ​ 638 ​ ​ 20,208 Total allowance ​ $ 13,205 ​ $ 2,860 ​ $ 3,044 ​ $ 456 ​ $ 5 ​ $ 638 ​ $ 20,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 418 ​ $ — ​ $ — ​ $ — ​ $ 418 Collectively evaluated for impairment ​ ​ 1,118,127 ​ ​ 195,027 ​ ​ 426,423 ​ ​ 44,924 ​ ​ 529 ​ ​ — ​ ​ 1,785,030 Total loans ​ $ 1,118,127 ​ $ 195,027 ​ $ 426,841 ​ $ 44,924 ​ $ 529 ​ $ — ​ $ 1,785,448 ​ Impaired loans ​ Prior to the adoption of ASC 326, loans were considered impaired when, based on current information and events, it was probable the Company would be unable to collect all amounts due in accordance with the original contractual terms of the loan agreements. Impaired loans include loans on nonaccrual status and accruing TDRs. When determining if the Company would be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement, the Company considered the borrower’s capacity to pay, which included such factors as the borrower’s current financial statements, an analysis of global cash flow sufficient to pay all debt obligations and an evaluation of secondary sources of repayment, such as guarantor support and collateral value. ​ The following tables present a summary of impaired loans and the related allowance as of December 31, 2022. ​ Table 4.4: Impaired Loans by Class ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ 418 ​ 418 ​ — ​ 418 ​ — ​ 427 ​ 15 Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Impaired Loans ​ $ 418 ​ $ 418 ​ $ — ​ $ 418 ​ $ — ​ $ 427 ​ $ 15 ​ ​ Delinquency Information ​ The following tables present a summary of past due and non-accrual loans by class as of December 31, 2023 and December 31, 2022. Table 4.5: Past Due and Non-Accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,146,116 $ 1,146,116 ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ 180,922 ​ 180,922 ​ — ​ — Residential ​ — ​ — ​ — ​ — ​ 482,182 ​ 482,182 ​ — ​ — Commercial ​ — ​ — ​ — ​ — ​ 45,204 ​ 45,204 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ 560 ​ 560 ​ — ​ — Total Loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,854,984 ​ $ 1,854,984 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,118,127 ​ $ 1,118,127 ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ 195,027 ​ 195,027 ​ — ​ — Residential ​ — ​ — ​ — ​ — ​ 426,841 ​ 426,841 ​ — ​ — Commercial ​ — ​ — ​ — ​ — ​ 44,924 ​ 44,924 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ 529 ​ 529 ​ — ​ — Total Loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,785,448 ​ $ 1,785,448 ​ $ — ​ $ — ​ Credit Quality Indicators The Company assesses credit quality indicators based on internal risk rating of loans. Each loan is evaluated at least annually with more frequent evaluation of more severely criticized loans. The indicators represent the rating for loans as of the date presented is based on the most recent credit review performed. Internal risk rating definitions are: Pass Special Mention Substandard Doubtful Loss ​ The Company has a portfolio of smaller homogenous loans that are not individually risk rated and include residential permanent and construction mortgages, home equity lines of credit, and consumer installment loans. For these loans, management uses payment status as the primary credit quality indicator. The payment status of these loans is then translated into an internal risk rating. The following table summarizes the translation of past due status to risk rating for loans that are not individually risk rated. ​ ​ ​ ​ ​ ​ Internal Days Past Due ​ Risk Rating 0 - 29 days ​ Pass 30-59 days ​ Special Mention 60-89 days ​ Substandard 90-119 days ​ Doubtful 120+ days ​ Loss ​ ​ The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of December 31, 2023. ​ Table 4.6: Credit Quality Information by Loan Class ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans by Year of Origination ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ Total Real Estate Loans - Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 67,675 ​ $ 302,342 ​ $ 201,801 ​ $ 125,828 ​ $ 96,424 ​ $ 334,132 ​ $ 3,575 ​ $ 1,131,777 Special mention ​ ​ — ​ ​ 13,102 ​ ​ — ​ ​ 1,237 ​ ​ — ​ ​ — ​ ​ — ​ ​ 14,339 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Real Estate Loans - Commercial ​ $ 67,675 ​ $ 315,444 ​ $ 201,801 ​ $ 127,065 ​ $ 96,424 ​ $ 334,132 ​ $ 3,575 ​ $ 1,146,116 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans - Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 47,253 ​ $ 56,408 ​ $ 33,827 ​ $ 9,360 ​ $ 8 ​ $ 7,046 ​ $ 24,891 ​ $ 178,793 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,129 ​ ​ — ​ ​ — ​ ​ 2,129 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Real Estate Loans - Construction and land development ​ $ 47,253 ​ $ 56,408 ​ $ 33,827 ​ $ 9,360 ​ $ 2,137 ​ $ 7,046 ​ $ 24,891 ​ $ 180,922 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans - Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 83,060 ​ $ 114,865 ​ $ 133,188 ​ $ 87,275 ​ $ 24,883 ​ $ 21,380 ​ $ 17,531 ​ $ 482,182 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Real Estate Loans - Residential ​ $ 83,060 ​ $ 114,865 ​ $ 133,188 ​ $ 87,275 ​ $ 24,883 ​ $ 21,380 ​ $ 17,531 ​ $ 482,182 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 7,564 ​ $ 6,838 ​ $ 1,959 ​ $ 3,207 ​ $ 4,482 ​ $ 4,787 ​ $ 16,367 ​ $ 45,204 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Commercial Loans ​ $ 7,564 ​ $ 6,838 ​ $ 1,959 ​ $ 3,207 ​ $ 4,482 ​ $ 4,787 ​ $ 16,367 ​ $ 45,204 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 485 ​ $ 6 ​ $ 26 ​ $ — ​ $ — ​ $ 10 ​ $ 33 ​ $ 560 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Consumer Loans ​ $ 485 ​ $ 6 ​ $ 26 ​ $ — ​ $ — ​ $ 10 ​ $ 33 ​ $ 560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total (Dollars in thousands) Pass Mention Substandard Doubtful Loss Loans Real Estate Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 1,116,890 ​ $ 1,237 ​ $ — ​ $ — ​ $ — ​ $ 1,118,127 Construction and land development ​ 192,877 ​ 2,150 ​ — ​ — ​ — ​ 195,027 Residential ​ 426,841 ​ — ​ — ​ — ​ — ​ 426,841 Commercial ​ 44,924 ​ — ​ — ​ — ​ — ​ 44,924 Consumer ​ 529 ​ — ​ — ​ — ​ — ​ 529 Total Loans ​ $ 1,782,061 ​ $ 3,387 ​ $ — ​ $ — ​ $ — ​ $ 1,785,448 ​ The allowance for loan credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination. The starting point for the estimate of the allowance for loan credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. 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 did not make any loan modifications to borrowers experiencing financial difficulty during the twelve months ended December 31, 2023. The Company had a recorded investment in TDRs of $418 thousand as of December 31, 2022, all of which were in compliance with their modified terms at December 31, 2022. There were no loans modified in TDRs that subsequently defaulted within 12 months of their modification date during the twelve months ended December 31, 2023 or twelve months ended December 31, 2022. As of December 31, 2022, none of the Bank’s TDRs required a specific reserve. As of December 31, 2022, there were no additional commitments to disburse funds on loans classified TDRs. The Company adopted ASU 2022-02 on January 1, 2023, which eliminated the accounting guidance for TDRs. Unfunded Commitments The Company maintains an allowance for off-balance sheet credit exposures such as unfunded balances for existing lines of credit, commitments to extend future credit, as well as both standby and commercial letters of credit when there is a contractual obligation to extend credit and when this extension of credit is not unconditionally cancellable by the Company. The allowance for off-balance sheet credit exposures is adjusted as a provision for (or recovery of) credit losses in the Consolidated Statements of Income. The estimate includes consideration of the likelihood that funding will occur, which is based on a historical funding study derived from internal information, and an estimate of expected credit losses on commitments expected to be funded over its estimated life, which are the same loss rates that are used in computing the allowance for loan credit losses. The allowance for credit losses for unfunded loan commitments of $620 thousand and $303 thousand at December 31, 2023 and December 31, 2022, respectively, is separately classified within Other Liabilities on the Consolidated Balance Sheets. The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the twelve months ended December 31, 2023. Table 4.7: Allowance for Credit Losses – Unfunded Commitments ​ ​ ​ ​ ​ ​ ​ Allowance for Credit Losses (Dollars in thousands) Unfunded Commitments Beginning balance, December 31, 2022 ​ $ 303 Adjustment to allowance for unfunded commitments for adoption of ASC 326 ​ ​ 737 Recovery of credit losses ​ ​ (420) Ending balance, December 31, 2023 ​ $ 620 ​

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2023
Derivatives
Derivatives	Note 5— Derivatives The Company enters into interest rate swap agreements (“swaps”) with commercial loan customers to provide a facility for customers to mitigate the fluctuations in the variable rate on the respective loans. These swaps are matched in exact offsetting terms to swaps that the Company enters into with an outside third party. These swaps qualify as derivatives, but are not designated as hedging instruments. The following table summarizes the Company’s swaps at December 31, 2023 and December 31, 2022. Table 5.1: Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional ​ ​ Fair ​ ​ Years to ​ ​ Receive ​ ​ Pay ​ (Dollars in thousands) ​ ​ Amount ​ ​ Value ​ ​ Maturity ​ ​ Rate ​ ​ Rate ​ Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pay fixed/receive variable swaps ​ $ 19,444 ​ $ 846 ​ ​ 3.2 years ​ ​ 5.87 % ​ 3.39 % Pay variable/receive fixed swaps ​ ​ 19,444 ​ ​ (846) ​ ​ 3.2 years ​ ​ 3.39 % ​ 5.87 % Total interest rate swap agreements ​ $ 38,888 ​ $ — ​ ​ 3.2 years ​ ​ 4.63 % ​ 4.63 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional ​ ​ Fair ​ ​ Years to ​ ​ Receive ​ ​ Pay ​ (Dollars in thousands) ​ ​ Amount ​ ​ Value ​ ​ Maturity ​ ​ Rate ​ ​ Rate ​ Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pay fixed/receive variable swaps ​ $ 13,767 ​ $ 1,217 ​ ​ 2.8 years ​ ​ 6.02 % ​ 2.59 % Pay variable/receive fixed swaps ​ ​ 13,767 ​ ​ (1,217) ​ ​ 2.8 years ​ ​ 2.59 % ​ 6.02 % Total interest rate swap agreements ​ $ 27,534 ​ $ — ​ ​ 2.8 years ​ ​ 4.31 % ​ 4.31 % ​ The

Bank Premises and Equipment, Ne

Bank Premises and Equipment, Net	12 Months Ended
	Dec. 31, 2023
Bank Premises and Equipment, Net
Bank Premises and Equipment, Net	Note 6— Bank Premises and Equipment, Net The following table summarizes major classes of bank premises and equipment and the total accumulated depreciation as of December 31, 2023 and December 31, 2022. Table 6.1: Components of Bank Premises and Equipment, Net ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Leasehold improvements ​ $ 2,910 ​ $ 2,873 Furniture and equipment ​ 6,721 ​ 6,268 Total Bank Premises and Equipment ​ $ 9,631 ​ $ 9,141 Less: Accumulated depreciation ​ (8,350) ​ (7,922) Total Bank Premises and Equipment, Net ​ $ 1,281 ​ $ 1,219 ​ Depreciation expense was $484 thousand and $557 thousand for the years ended December 31, 2023 and December 31, 2022, respectively.

Deposits and Borrowings

Deposits and Borrowings	12 Months Ended
	Dec. 31, 2023
Deposits and Borrowings
Deposits and Borrowings	Note 7— Deposits and Borrowings The following table shows the components of the Company’s funding sources. Table 7.1: Composition of Deposits, Short-Term Borrowings and Long-Term Debt ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Deposits: ​ ​ Non-interest bearing demand deposits (1) ​ $ 411,374 ​ $ 476,697 Interest-bearing demand deposits (1) ​ 607,971 ​ 691,945 Savings deposits ​ 52,061 ​ 95,241 Time deposits (2) ​ 835,194 ​ 803,857 Total Deposits ​ $ 1,906,600 ​ $ 2,067,740 (1) Overdraft demand deposits reclassified to loans totaled $1 thousand at both December 31, 2023 and December 31, 2022. (2) The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $359.3 million and $318.7 million at December 31, 2023 and December 31, 2022, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 (Dollars in thousands) ​ Stated Interest Rate ​ Weighted-Average Interest Rate ​ Carrying Value ​ Carrying Value Short-term Debt: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal Reserve Bank borrowings ​ 4.80 % ​ 4.80 % $ 54,000 ​ ​ — Total Short-term Debt ​ ​ ​ ​ ​ ​ $ 54,000 ​ ​ — Long-term Debt: ​ ​ ​ Subordinated debt 5.25 % ​ 5.25 % $ 24,708 ​ $ 24,624 Total Long-term Debt ​ ​ ​ ​ ​ $ 24,708 ​ $ 24,624 ​ ​ The Company obtains certain deposits through the efforts of third-party brokers. Brokered deposits totaled $320.6 million and $352.0 million at December 31, 2023 and December 31, 2022, respectively, and were included primarily in time deposits on the Company’s Consolidated Balance Sheets. Reciprocal IntraFi certificates of deposit totaled $45.6 million and $25.7 million at December 31, 2023 and December 31, 2022, respectively. Reciprocal IntraFi demand and money market deposits totaled $234.9 million and $197.3 million at December 31, 2023 and December 31, 2022, respectively. At December 31, 2023, 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. The Company from time to time uses Federal Home Loan Bank of Atlanta (“FHLB”) advances as a source of funding and interest rate risk management tool. 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 December 31, 2023, the Company did not have any outstanding FHLB advances. Available borrowing capacity based on collateral value amounted to approximately $436.9 million at December 31, 2023. The Company also has the capacity to borrow up to $22.8 million at the Federal Reserve discount window of which $0 had been drawn upon at December 31, 2023. The Bank had loans pledged at the Federal Reserve discount window totaling $30.9 million as of December 31, 2023. On March 12, 2023, the Reserve Bank made available the Bank Term Funding Program (“BTFP”), which enhances the ability of banks to borrow against the par value of certain high-quality, unencumbered investments. On May 15, 2023, the Company obtained a $54.0 million BTFP advance to secure lower funding costs relative to wholesale deposits. The BTFP advance has a term of one year, bears interest at a fixed rate of 4.80% and can be prepaid at any time without penalty prior to maturity. At December 31, 2023, the Company had pledged as collateral for the BTFP advance investment securities with an amortized cost and fair value of $54.6 million and $44.6 million, respectively. The Company also has unsecured federal funds lines of credit with correspondent banks available for overnight borrowing of $110.0 million of which $10 million had been drawn upon at December 31, 2023. The following table shows the carrying amount of the Company’s time deposits by contractual maturity as of December 31, 2023. Table 7.2: Scheduled Maturities of Time Deposits ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 2024 ​ $ 574,056 2025 ​ 181,797 2026 ​ 68,629 2027 ​ 10,165 2028 ​ 547 Thereafter ​ — Total ​ $ 835,194 ​

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases
Leases	Note 8— Leases Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably certain of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following table presents an overview of the Company’s leases as of December 31, 2023 and December 31, 2022. Table 8.1: Leases Overview ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Lease liabilities ​ $ 4,446 ​ $ 4,858 ​ Right-of-use assets ​ 4,176 ​ 4,611 ​ Weighted average remaining lease term (Years) ​ 3.89 years 4.08 years Weighted average discount rate ​ 3.00 % 2.62 % ​ The following table presents a composition of the Company’s lease costs for the years ended December 31, 2023 and December 31, 2022. Table 8.2: Cost of Leases ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Operating lease cost ​ $ 1,392 ​ $ 1,469 Variable lease cost ​ — ​ — Short-term lease cost ​ — ​ — Total Lease Cost ​ $ 1,392 ​ $ 1,469 ​ The total cash paid for amounts included in the measurement of lease liabilities totaled $1.4 million and $1.5 million for the years ended December 31, 2023 and December 31, 2022, respectively. The following table is a maturity schedule of the Company’s future lease payments and reconciles the undiscounted total obligation to the total recorded lease liabilities as of December 31, 2023. Table 8.3: Lease Maturity Schedule ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 2024 ​ $ 1,322 2025 ​ 1,319 2026 ​ 1,121 2027 ​ 429 2028 ​ 291 Thereafter ​ 276 Total Undiscounted Cash Flows ​ $ 4,758 Discount ​ (312) Lease Liabilities ​ $ 4,446 ​ Total rent expense, including building expenses and real estate taxes for certain locations, amounted to $1.5 million and $1.6 million for the years ended December 31, 2023 and 2022, respectively. Rental expenses are classified as a component of the occupancy expense of premises line item in the Consolidated Statements of Income.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Taxes
Income Taxes	Note 9— 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 2020. ​ The following table presents the significant components of the Company’s deferred tax assets and deferred tax liabilities as of December 31, 2023 and December 31, 2022. Table 9.1: Significant Components of Deferred Tax Assets and Liabilities ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Deferred Tax Assets: ​ ​ Allowance for loan credit losses ​ $ 4,477 ​ $ 4,581 Lease liabilities ​ 987 ​ 1,101 Share-based compensation expense ​ 45 ​ 91 Unrealized losses on debt securities ​ 3,257 ​ 7,628 Other ​ 453 ​ 416 Total Deferred Tax Assets ​ $ 9,219 ​ $ 13,817 Deferred Tax Liabilities: ​ ​ Right-of-use assets ​ 927 ​ 1,045 Depreciation ​ 53 ​ 49 Net deferred loan costs ​ 1,106 ​ 920 Other ​ 76 ​ 62 Total Deferred Tax Liabilities ​ $ 2,162 ​ $ 2,076 Net Deferred Tax Assets ​ $ 7,057 ​ $ 11,741 ​ The following table summarizes the Company’s provision for income taxes charged to operations for the years ended December 31, 2023 and December 31, 2022, respectively. Table 9.2: Provision for Income Taxes ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Current tax expense ​ $ 1,902 ​ $ 7,666 Deferred tax expense ​ 921 ​ 594 Total Income Tax Expense ​ $ 2,823 ​ $ 8,260 ​ 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 years ended December 31, 2023 and December 31, 2022, respectively. Table 9.3: Effective Income Tax Reconciliation ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Computed “expected” tax expense ​ $ 1,676 ​ $ 8,413 Increase (decrease) in income taxes resulting from: ​ ​ Bank-owned life insurance policy surrender ​ ​ 1,101 ​ ​ — State income taxes, net of federal benefit ​ 180 ​ 516 Bank-owned life insurance ​ (47) ​ (114) Tax-exempt interest income ​ (69) ​ (158) Excess tax benefit on share-based compensation ​ (19) ​ (427) Other, net ​ 1 ​ 30 Total ​ $ 2,823 ​ $ 8,260

Restriction on Cash

Restriction on Cash	12 Months Ended
	Dec. 31, 2023
Restriction on Cash
Restriction on Cash	Note 10— Restriction on Cash Prior to March 2020, the Company was required to maintain a reserve against its deposits in accordance with Regulation D of the Federal Reserve Act. In March 2020, the Federal Reserve reduced the reserve requirement to zero percent effective March 26, 2020. Prior to the change effective March 26, 2020, reserve requirement ratios on net transactions accounts differed based on the amount of net transaction accounts at the depository institution. As a result, the Company was not required to maintain a cash reserve requirement as of December 31, 2023 and December 31, 2022.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies
Commitments and Contingencies	Note 11— 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 December 31, 2023 and December 31, 2022. Table 11.1: Unfunded Lending Commitments ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Commitments to extend credit ​ $ 235,560 ​ $ 240,084 Standby letters of credit ​ $ 16,329 ​ $ 14,677 ​ 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	12 Months Ended
	Dec. 31, 2023
Fair Value Measurements
Fair Value Measurements	Note 12— 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 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 and Liabilities 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 and liabilities 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. Interest Rate Swap Agreements Interest rate swap agreements are measured by alternative pricing sources using a discounted cash flow method that incorporates current market interest rates. Based on the complex nature of interest rate swap agreements, the markets these instruments trade in are not as efficient and are less liquid than that of the more mature Level 1 markets. These characteristics classify interest rate swap agreements as Level 2 in the fair value hierarchy. The following table summarizes the fair value of assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022. Table 12.1: Assets and Liabilities Measured at Fair Value on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2023 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Unobservable ​ ​ Balance as of ​ Identical Assets ​ Observable Inputs ​ Inputs (Dollars in thousands) December 31, 2023 (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ Securities available-for-sale: ​ ​ ​ ​ U.S. Treasuries ​ $ 42,977 ​ $ — ​ $ 42,977 ​ $ — U.S. government and federal agencies ​ 13,275 ​ — ​ 13,275 ​ — Corporate bonds ​ 2,523 ​ — ​ 2,523 ​ — Collateralized mortgage obligations ​ 34,310 ​ — ​ 34,310 ​ — Tax-exempt municipal ​ 1,231 ​ — ​ 1,231 ​ — Taxable municipal ​ 587 ​ — ​ 587 ​ — Mortgage-backed ​ 75,090 ​ — ​ 75,090 ​ — Equity securities, at fair value ​ 2,792 ​ 2,792 ​ — ​ — Interest rate swap agreements ​ ​ 846 ​ ​ — ​ ​ 846 ​ ​ — Loan servicing rights ​ ​ 22 ​ ​ — ​ ​ — ​ ​ 22 Total assets at fair value ​ $ 173,653 ​ $ 2,792 ​ $ 170,839 ​ $ 22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ $ 846 ​ $ — ​ $ 846 ​ $ — Total liabilities at fair value ​ $ 846 ​ $ — ​ $ 846 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2022 Using ​ ​ ​ Quoted Prices in ​ ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Unobservable ​ ​ Balance as of ​ Identical Assets ​ Observable Inputs ​ Inputs (Dollars in thousands) ​ December 31, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale: ​ ​ ​ ​ ​ U.S. Treasuries ​ $ 59,210 ​ $ — ​ $ 59,210 ​ $ — U.S. government and federal agencies ​ 34,760 ​ — ​ 34,760 ​ — Corporate bonds ​ 2,614 ​ — ​ 2,614 ​ — Collateralized mortgage obligations ​ 38,474 ​ — ​ 38,474 ​ — Tax-exempt municipal ​ 4,645 ​ — ​ 4,645 ​ — Taxable municipal ​ 579 ​ — ​ 579 ​ — Mortgage-backed ​ 217,294 ​ — ​ 217,294 ​ — Equity securities, at fair value ​ 2,115 ​ 2,115 ​ — ​ — Interest rate swap agreement ​ ​ 1,217 ​ ​ — ​ ​ 1,217 ​ ​ — Total assets at fair value ​ $ 360,908 ​ $ 2,115 ​ $ 358,793 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreement ​ $ 1,217 ​ $ — ​ $ 1,217 ​ $ — Total liabilities at fair value ​ $ 1,217 ​ $ — ​ $ 1,217 ​ $ — ​ 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: Collateral Dependent Loans In accordance with ASC 326, loans that do not share risk characteristics are evaluated on an individual basis. The Company designates individually evaluated loans on nonaccrual status as collateral dependent loans, as well as other loans that management of the Company designates as having higher risk and loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral. The measurement of loss associated with collateral dependent 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 credit losses on the Consolidated Statements of Income. The Company had no collateral dependent loans with a recorded reserve as of December 31, 2023 or December 31, 2022. 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 December 31, 2023 and 2022. 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 December 31, 2023 and December 31, 2022. Table 12.2: Fair Value of Financial Instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2023 Using ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ for Identical ​ Significant Other ​ Unobservable ​ ​ ​ ​ ​ Carrying Value as of ​ Assets ​ Observable Inputs ​ Inputs ​ Fair Value as of (Dollars in thousands) ​ December 31, 2023 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ December 31, 2023 Assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 99,005 ​ $ 99,005 ​ $ — ​ $ — ​ $ 99,005 Securities: ​ ​ ​ ​ ​ Available-for-sale ​ 169,993 ​ — ​ 169,993 ​ — ​ 169,993 Held-to-maturity ​ 95,505 ​ — ​ 79,532 ​ — ​ 79,532 Equity securities, at fair value ​ 2,792 ​ 2,792 ​ — ​ — ​ 2,792 Restricted securities, at cost ​ ​ 5,012 ​ ​ — ​ ​ 5,012 ​ ​ — ​ ​ 5,012 Loans, net ​ 1,840,424 ​ — ​ — ​ 1,730,205 ​ 1,730,205 Interest rate swap agreements ​ ​ 846 ​ ​ — ​ ​ 846 ​ ​ — ​ ​ 846 Loan servicing rights ​ ​ 22 ​ ​ — ​ ​ — ​ ​ 22 ​ ​ 22 Accrued interest receivable ​ 6,110 ​ — ​ 6,110 ​ — ​ 6,110 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 1,906,600 ​ $ — ​ $ 1,906,835 ​ $ — ​ $ 1,906,835 Federal Reserve Bank borrowings ​ ​ 54,000 ​ ​ — ​ ​ 54,000 ​ ​ — ​ ​ 54,000 Federal funds purchased ​ ​ 10,000 ​ ​ — ​ ​ 10,000 ​ ​ — ​ ​ 10,000 Subordinated debt ​ 24,708 ​ — ​ — ​ 21,873 ​ 21,873 Interest rate swap agreements ​ ​ 846 ​ ​ — ​ ​ 846 ​ ​ — ​ ​ 846 Accrued interest payable ​ 4,559 ​ — ​ 4,559 ​ — ​ 4,559 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2022 Using ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ for Identical ​ Significant Other ​ Unobservable ​ ​ ​ ​ Carrying Value as of ​ Assets ​ Observable Inputs ​ Inputs ​ Fair Value as of (Dollars in thousands) ​ December 31, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ December 31, 2022 Assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 61,599 ​ $ 61,599 ​ $ — ​ $ — ​ $ 61,599 Securities: ​ ​ ​ ​ ​ Available-for-sale ​ 357,576 ​ — ​ 357,576 ​ — ​ 357,576 Held-to-maturity ​ 99,415 ​ — ​ 81,161 ​ — ​ 81,161 Equity securities, at fair value ​ 2,115 ​ 2,115 ​ — ​ — ​ 2,115 Restricted securities, at cost ​ ​ 4,425 ​ ​ — ​ ​ 4,425 ​ ​ — ​ ​ 4,425 Loans, net ​ 1,769,300 ​ — ​ — ​ 1,676,887 ​ 1,676,887 Interest rate swap agreement ​ ​ 1,217 ​ ​ — ​ ​ 1,217 ​ ​ — ​ ​ 1,217 Bank owned life insurance ​ 21,170 ​ — ​ 21,170 ​ — ​ 21,170 Accrued interest receivable ​ 5,531 ​ — ​ 5,531 ​ — ​ 5,531 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 2,067,740 ​ $ — ​ $ 2,065,248 ​ $ — ​ $ 2,065,248 Subordinated debt ​ 24,624 ​ — ​ — ​ 22,457 ​ 22,457 Federal funds purchased ​ ​ 25,500 ​ ​ — ​ ​ 25,500 ​ ​ — ​ ​ 25,500 Interest rate swap agreement ​ ​ 1,217 ​ ​ — ​ ​ 1,217 ​ ​ — ​ ​ 1,217 Accrued interest payable ​ 1,035 ​ — ​ 1,035 ​ — ​ 1,035 ​

Earnings per Common Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2023
Earnings per Common Share
Earnings per Common Share	Note 13— 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 years December 31, 2023 and December 31, 2022. Table 13.1: Computation of Basic and Diluted Earnings per Common Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ ​ December 31, ​ ​ 2023 2022 Earnings per common share - basic: ​ ​ ​ ​ Income available to common shareholders (in thousands): ​ ​ ​ ​ Net income ​ $ 5,158 ​ $ 31,803 ​ Less: Income attributable to unvested restricted stock awards ​ (17) ​ (136) ​ Net income available to common shareholders ​ $ 5,141 ​ $ 31,667 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding: ​ ​ ​ Common shares outstanding, including unvested restricted stock ​ 14,124,696 ​ 13,991,875 ​ Less: Unvested restricted stock ​ (47,771) ​ (60,034) ​ Weighted-average common shares outstanding - basic ​ 14,076,925 ​ 13,931,841 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - basic ​ $ 0.37 ​ $ 2.27 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - diluted: ​ ​ ​ Income available to common shareholders (in thousands): ​ ​ ​ Net income ​ $ 5,158 ​ $ 31,803 ​ Less: Income attributable to unvested restricted stock awards ​ (17) ​ (135) ​ Net income available to common shareholders ​ $ 5,141 ​ $ 31,668 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding: ​ ​ ​ Common shares outstanding, including unvested restricted stock ​ 14,124,696 ​ 13,991,875 ​ Less: Unvested restricted stock ​ (47,771) ​ (60,034) ​ Plus: Effect of dilutive options ​ 70,268 ​ 152,586 ​ Weighted-average common shares outstanding - diluted ​ 14,147,193 ​ 14,084,427 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - diluted ​ $ 0.36 ​ $ 2.25 ​ ​ 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 December 31, 2023 and December 31, 2022 were included as none had anti-dilutive effects.

Stock Based Compensation Plan

Stock Based Compensation Plan	12 Months Ended
	Dec. 31, 2023
Stock Based Compensation Plan
Stock Based Compensation Plan	Note 14— 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 December 31, 2023, 278,529 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 2006 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 year ended December 31, 2023. Table 14.1: Summary of Stock Options Activity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Weighted Average ​ Aggregate Intrinsic ​ Shares Exercise Price Value Outstanding at January 1, 2023 189,934 ​ $ 11.76 ​ Granted — ​ — ​ Exercised (27,375) ​ 11.75 ​ Forfeited or expired (412) ​ 9.44 ​ Outstanding at December 31, 2023 162,147 ​ 11.77 ​ $ 1,749,454 Exercisable December 31, 2023 162,147 ​ $ 11.77 ​ $ 1,749,454 ​ 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 December 31, 2023. The intrinsic value of options exercised was $370 thousand for the year ended December 31, 2023 and $4.6 million for the year ended December 31, 2022. 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 December 31, 2023. Table 14.2: Summary of Stock Options Outstanding and Exercisable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining ​ ​ ​ Remaining ​ ​ Number ​ Contractual Life ​ Number ​ Contractual Life Exercise Prices Outstanding in Years Exercisable in Years $11.01 - $12.00 161,085 0.92 161,085 0.92 $12.01 - $13.00 1,062 0.98 1,062 0.98 Total 162,147 0.93 162,147 0.93 ​ There were no options granted during the years ended December 31, 2023 or December 31, 2022. The Company did not have share-based compensation expense applicable to the Company’s share-based compensation plans for stock options for the year ended December 31, 2023 or December 31, 2022. The Company does not have any unrecognized share-based compensation expense related to nonvested options as of December 31, 2023. ​ The table below provides a summary of the restricted stock awards granted under the 2015 plan. Table 14.3: Summary of Restricted Stock Awards ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Weighted Average ​ Shares Grant Date Fair Value Nonvested at January 1, 2023 55,185 ​ $ 21.80 Granted 22,893 ​ 23.65 Vested (30,390) ​ 21.21 Forfeited (370) ​ 15.50 Nonvested at December 31, 2023 47,318 ​ ​ 23.12 ​ 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 $596 thousand and $573 thousand for the years ended December 31, 2023 and December 31, 2022, respectively. The total fair value of the shares, which vested during 2023 and 2022, was $717 thousand and $1.1 million, respectively. Unrecognized share-based compensation expense related to nonvested restricted stock grants amounted to $1.0 million as of December 31, 2023. This amount is expected to be recognized over a weighted-average period of 1.9 years.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Employee Benefit Plans
Employee Benefit Plans	Note 15— Employee Benefit Plans Effective August 1, 2006, the Company adopted a contributory 401(k) savings plan (the “401(k) Plan”) covering substantially all employees. Eligible employees may elect to defer a portion of their compensation to the 401(k) Plan. The Board of Directors may elect to match a portion of each employee’s contribution. The Company made contributions of $502 thousand and $474 thousand during the years ended December 31, 2023 and December 31, 2022, respectively. The costs associated with the Company’s 401(k) Plan are included in the salaries and employee benefits line item in the Consolidated Statements of Income. The Company approved a deferred compensation plan in 2017 that provides key employees an additional way to defer their salary on a pre-tax basis. Key employees are highly compensated employees as defined by the Internal Revenue Service (“IRS”). Board members may also participate in the plan to defer their board fees. The plan is voluntary and not subject to IRS/Department of Labor discrimination testing. The deferred compensation liability was $2.3 million and $1.9 million at December 31, 2023 and December 31, 2022, respectively, and was included in other liabilities on the Consolidated Balance Sheets. The Company incurred expenses for discretionary contributions of $297 thousand and $192 thousand for the years ended December 31, 2023 and December 31, 2022, respectively. These discretionary contributions vest for the participants over a period of three years unless years of service and age criteria are met .

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2023
Regulatory Capital
Regulatory Capital	Note 16— 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 (the “Exchange Act”). 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 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 December 31, 2023 and December 31, 2022. 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 December 31, 2023, and is applicable for the common equity Tier 1, Tier 1, and total capital ratios. On January 1, 2023, the Company adopted ASC 326, which replaced the incurred loss methodology with the CECL methodology for estimating credit losses and generally applies to financial assets measured at amortized cost. The Federal Reserve and FDIC have adopted rules to identify which credit loss allowances under the CECL model are eligible for inclusion in regulatory capital and to provide banking organizations the option to phase in over a three-year transition period ending January 1, 2026 the day-one impact on regulatory capital that may result from the adoption of the CECL model. The Company implemented the CECL model on January 1, 2023 and elected to apply the provisions of the CECL deferral transition in the determination of its risk based capital ratios. The impact of the application of this deferral transition on the ratios was not significant. As of December 31, 2023, the most recent notification from the Federal Reserve Bank of Richmond 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 December 31, 2023 and December 31, 2022. Table 16.1: Capital Ratios ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2023 ​ ​ ​ ​ Total capital (to risk weighted assets) ​ $ 282,082 15.7 % $ 188,448 10.5 % $ 179,475 10.0 % Tier 1 capital (to risk weighted assets) ​ 263,637 14.7 % 152,553 8.5 % 143,580 8.0 % Common equity tier 1 capital (to risk weighted assets) ​ 263,637 14.7 % 125,632 7.0 % 116,658 6.5 % Tier 1 capital (to average assets) ​ 263,637 11.6 % 91,163 4.0 % 113,954 5.0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2022 ​ ​ ​ ​ Total capital (to risk weighted assets) ​ $ 283,471 15.6 % $ 190,798 10.5 % $ 181,712 10.0 % Tier 1 capital (to risk weighted assets) ​ 262,960 14.4 % 155,219 8.5 % 146,089 8.0 % Common equity tier 1 capital (to risk weighted assets) ​ 262,960 14.4 % 127,828 7.0 % 118,697 6.5 % Tier 1 capital (to average assets) ​ 262,960 11.3 % 93,083 4.0 % 116,354 5.0 % (1) Including Capital Conservation Buffer

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Revenue
Revenue	Note 17— 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 years ended December 31, 2023 and December 31, 2022. Table 17.1: Components of Non-Interest Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ ​ December 31, ​ (Dollars in thousands) 2023 2022 Service charges on deposit accounts (1) ​ ​ ​ ​ Overdrawn account fees ​ $ 82 ​ $ 88 ​ Account service fees ​ 248 ​ 236 ​ Other service charges and fees (1) ​ ​ ​ Interchange income ​ 403 ​ 409 ​ Other charges and fees ​ 435 ​ 247 ​ Bank owned life insurance ​ 224 ​ 544 ​ Losses on sale of available-for-sale securities ​ (17,316) ​ — ​ Insurance commissions (1) ​ 386 ​ 382 ​ Gain on sale of government guaranteed loans ​ ​ 131 ​ ​ — ​ Non-qualified deferred compensation plan asset gains (losses), net ​ ​ 317 ​ ​ (354) ​ Other income (2) ​ 150 ​ 139 ​ Total non-interest income (loss) ​ $ (14,940) ​ $ 1,691 ​ (1) Income within the scope of ASC 606 – Revenue Recognition . (2) Includes other operating income within the scope of ASC 606 amounting to $59 thousand for the year ended December 31, 2023. Includes other operating income of $91 thousand related to swap fee income on a back-to-back loan swaps for the year ended December 31, 2023, which is outside the scope of ASC 606. Includes other operating income within the scope of ASC 606 amounting to $12 thousand for the year ended December 31, 2022. Includes other operating income of $127 thousand related to swap fee income on a back-to-back loan swaps for the year ended December 31, 2022, which is outside the scope of ASC 606. 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 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 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	12 Months Ended
	Dec. 31, 2023
Other Operating Expenses
Other Operating Expenses	Note 18— Other Operating Expenses The following table shows the components of other operating expenses for the years ended December 31, 2023 and December 31, 2022. Table 18.1: Components of Other Operating Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ ​ December 31, ​ (Dollars in thousands) 2023 2022 Advertising expense ​ $ 288 ​ $ 193 ​ Data processing ​ 1,936 ​ 1,940 ​ FDIC insurance ​ 1,041 ​ 605 ​ Professional fees ​ 329 ​ 1,231 ​ State franchise tax ​ 2,389 ​ 2,092 ​ Director costs ​ 876 ​ 810 ​ Other operating expenses ​ 1,531 ​ 1,595 ​ Total other operating expenses ​ $ 8,390 ​ $ 8,466 ​ ​

Low Income Housing Tax Credit I

Low Income Housing Tax Credit Investments	12 Months Ended
	Dec. 31, 2023
Low Income Housing Tax Credit Investments
Low Income Housing Tax Credit Investments	Note 19— Low Income Housing Tax Credit Investments The Company has invested in seven separate housing equity funds as of December 31, 2023. The general purpose of these funds is to encourage and assist with participation in investing in low-income residential rental properties primarily located in the Commonwealth of Virginia, develop and implement strategies to maintain projects as low-income housing, deliver Federal Low Income Housing Credits to investors, allocate tax losses and other possible tax benefits to investors, and to preserve and protect project assets. The investments in these funds were recorded as other assets on the Company’s Consolidated Balance Sheets and were $4.7 million and $5.2 million at December 31, 2023 and December 31, 2022, respectively. The expected terms of these investments and the related tax benefits run through 2038. The net impact of amortization of the investments, tax credits and other tax benefits recognized as a component of income tax expense in the Consolidated Statements of Income during the years ended December 31, 2023 and December 31, 2022 was a benefit of $113 thousand and $94 thousand, respectively. Additional capital calls expected for the funds totaled $2.5 million at December 31, 2023 and $3.0 million at December 31, 2022 and are included in other liabilities on the Company’s Consolidated Balance Sheets. ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	Note 20— Accumulated Other Comprehensive Income (Loss) The following table presents the changes in accumulated other comprehensive income (loss), by category, net of tax for the years ended December 31, 2023 and December 31, 2022. Table 20.1: Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ 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, 2023 ​ $ (28,942) ​ $ 245 ​ $ (28,697) Net change during the period ​ 16,542 ​ (96) ​ 16,446 Ending balance, December 31, 2023 ​ $ (12,400) ​ $ 149 ​ $ (12,251) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Unrealized Gains on ​ ​ ​ ​ ​ ​ ​ ​ Securities Transferred from ​ ​ ​ ​ ​ Unrealized Loss on ​ Available-for-sale to ​ Accumulated Other (Dollars in thousands) Available-for-sale Securities Held-to-maturity Comprehensive Loss Beginning balance, January 1, 2022 ​ $ (789) ​ $ 389 ​ $ (400) Net change during the period ​ (28,153) ​ (144) ​ (28,297) Ending Balance, December 31, 2022 ​ $ (28,942) ​ $ 245 ​ $ (28,697) ​ Items reclassified out of accumulated other comprehensive income (loss) to net income during the year ended December 31, 2023 consisted of losses on securities classified as available-for-sale. The losses on these transactions totaled $17.3 million and the related tax benefit was $3.6 million. Losses are included in the “Losses on sale of available-for-sale securities” line item and the related tax is presented in the “Income tax expense” line item in the Consolidated Statements of Income. The Company did not have any items reclassified out of accumulated other comprehensive income (loss) to net income during the year ended December 31, 2022.

Parent Company Financials

Parent Company Financials	12 Months Ended
	Dec. 31, 2023
Parent Company Financials
Parent Company Financials	Note 21— Parent Company Financials The following tables summarize John Marshall Bancorp Inc.’s (Parent Company only) condensed financial statements as of and for the years ended December 31, 2023 and December 31, 2022. Table 21.1: Condensed Parent Company Financials Parent Company Only Condensed Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Assets ​ ​ Cash and due from banks ​ $ 4,874 ​ $ 3,588 Equity securities, at fair value ​ 2,792 ​ 2,115 Investment in subsidiary ​ 249,666 ​ 234,263 Other assets ​ 448 ​ 366 Total assets ​ $ 257,780 ​ $ 240,332 Liabilities and Shareholders’ Equity ​ ​ Subordinated debt, net of unamortized issuance costs ​ $ 24,708 ​ $ 24,624 Accrued interest payable ​ 656 ​ 715 Other liabilities ​ 2,502 ​ 2,193 Total liabilities ​ $ 27,866 ​ $ 27,532 Total shareholders’ equity ​ $ 229,914 ​ $ 212,800 Total liabilities and shareholders’ equity ​ $ 257,780 ​ $ 240,332 ​ ​ Parent Company Only Condensed Statements of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, 2023 and 2022 (Dollars in thousands) 2023 2022 Income: ​ ​ ​ ​ Other income ​ $ 317 ​ $ (354) ​ Dividends from subsidiary ​ ​ 6,108 ​ ​ 4,150 ​ Total income ​ 6,425 ​ 3,796 ​ Expense: ​ ​ ​ Subordinated debt interest expense ​ 1,396 ​ 1,810 ​ Salaries and employee benefits ​ 589 ​ 292 ​ Other operating expenses ​ 360 ​ 425 ​ Total expense ​ 2,345 ​ 2,527 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income before income tax benefit and equity in undistributed earnings of subsidiary ​ 4,080 ​ 1,269 ​ Income tax benefit ​ 425 ​ 605 ​ Equity in undistributed earnings of subsidiary ​ 653 ​ 29,929 ​ Net income ​ $ 5,158 ​ $ 31,803 ​ ​ ​ Parent Company Only Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, 2023 and 2022 (Dollars in thousands) 2023 2022 Cash Flows from Operating Activities ​ ​ ​ ​ ​ ​ Net income ​ $ 5,158 ​ $ 31,803 Adjustment to reconcile net income to net cash provided by (used in) operating activities: ​ ​ Equity in undistributed earnings of subsidiary ​ (653) ​ (29,929) Fair value adjustment on equity securities ​ (317) ​ 354 Amortization of debt issuance costs ​ 84 ​ 317 Deferred tax (benefit) ​ (82) ​ (54) Changes in assets and liabilities: ​ ​ ​ Increase in other assets ​ — ​ (2) Increase in other liabilities ​ 250 ​ 278 Net cash provided by operating activities ​ $ 4,440 ​ $ 2,767 Cash Flows from Investing Activities ​ ​ Purchase of equity securities ​ (360) ​ (600) Net cash (used in) investing activities ​ $ (360) ​ $ (600) Cash Flows from Financing Activities ​ ​ Issuance of common stock for share options exercised ​ 320 ​ 3,058 Repurchase of shares for tax withholding on share-based compensation ​ (6) ​ (8) Issuance of subordinated debt ​ ​ — ​ ​ 24,579 Repayment of subordinated debt ​ ​ — ​ ​ (25,000) Cash dividends paid ​ ​ (3,108) ​ ​ (2,799) Net cash used in financing activities ​ $ (2,794) ​ $ (170) Net increase in cash and cash equivalents ​ $ 1,286 ​ $ 1,997 Cash and cash equivalents, beginning of year ​ 3,588 ​ 1,591 Cash and cash equivalents, end of year ​ $ 4,874 ​ $ 3,588 ​

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions
Related Party Transactions	Note 22— Related Party Transactions The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with directors, principal shareholders, executive officers, their immediate families and affiliated companies in which they are principal owners (commonly referred to as related parties), on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with parties not related to the Company. These loans totaled $12.9 million and $15.4 million as of December 31, 2023 and December 31, 2022, respectively. During 2023, there were total principal additions of $447 thousand and total principal payments of $2.9 million with respect to such loans. Deposits of directors, executive officers and other related parties totaled $24.1 million and $28.7 million at December 31, 2023 and December 31, 2022, respectively.

Nature of Business and Summar_2

Nature of Business and Summary of Significant Accounting Policy (Policies)	12 Months Ended
	Dec. 31, 2023
Nature of Business and Summary of Significant Accounting Policy
Principles of Consolidation	Principles of Consolidation 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.
Restriction on Dividends	Restriction on Dividends The Bank is subject to certain restrictions on the amount of dividends that it may pay to the Company without prior regulatory approval. At December 31, 2023, the Bank had $58.1 million available to distribute in the form of dividends to the Company.
Use of Estimates	Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the United States of America (“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 credit losses.
Reclassifications	Reclassifications Certain items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or shareholders’ equity.
Concentration of Credit Risk	Concentration of Credit Risk Most of the Company’s activities are with customers located in the Washington, D.C. metropolitan area. Real estate loans, including commercial, construction and land development, and residential loans, represented 98% of the total loan portfolio at December 31, 2023 and 97% of the total loan portfolio at December 31, 2022. The Company does not have any significant concentrations to any one industry or customer.
Cash and Cash Equivalents	Cash and Cash Equivalents For the purposes of the statements of cash flows, cash and cash equivalents include cash and balances due from banks and interest-bearing deposits in banks (items with an original maturity of three months or less).
Securities	Securities Certain debt securities that management has the positive intent and ability to hold-to-maturity are classified as “held-to-maturity” and recorded at amortized cost. Debt securities not classified as held-to-maturity or trading, are classified as “available-for-sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported net of deferred tax in accumulated other comprehensive income (loss) within shareholders’ equity. Purchase premiums and discounts on debt securities are recognized in interest income using the interest method over the terms of the securities. Transfers of debt securities into the held-to-maturity classification from the available-for-sale classification are made at fair value on the date of transfer. The unrealized holding gain or loss on the date of the transfer is reported in accumulated other comprehensive income (loss) and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the remaining contractual lives of the securities. Equity securities with readily determinable fair values are carried at fair value, with changes in fair value reported in net income. Any equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments. Restricted equity securities are carried at cost and are periodically evaluated for impairment based on the ultimate recovery of par value. The entirety of any impairment on the equity securities is recognized in earnings. Gains and losses on sales of securities are recorded on the trade date and determined using the specific identification method.
Allowance for credit losses	Allowance for Credit Losses - Held-to-Maturity Securities The Company estimates expected credit losses on held-to-maturity securities on an individual basis based on a Probability of Default/Loss Given Default (“PD/LGD”) methodology primarily using security-level credit ratings. The primary indicators of credit quality for the Company’s held-to-maturity portfolio are security type and credit rating, which are influenced by a number of factors including obligor cash flow, geography, seniority, among other factors. The Company’s held-to-maturity securities with credit risk are municipal bonds, which had a credit rating of AA or better as of December 31, 2023. All other held-to-maturity securities are covered by the explicit or implied guarantee of the United States government or one of its agencies. Changes in the allowance for credit loss are recorded as provision for (or recovery of) credit losses in the Consolidated Statements of Income. Allowance for Credit Losses - Available-for-Sale Securities Management evaluates all available-for-sale securities in an unrealized loss position on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. If the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is the result of credit losses or other factors. In making the assessment, the Company may consider various factors including the extent to which fair value is less than amortized cost, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specific to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any deficiency is recorded as an allowance for credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an allowance for credit loss is recognized in other comprehensive income (loss). Changes in the allowance for credit loss are recorded as a provision for (or recovery of) credit losses in the Consolidated Statements of Income. Losses are charged against the allowance for credit loss when management believes an available-for-sale security is confirmed to be uncollectible or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale securities totaled $518 thousand at December 31, 2023 Allowance for Credit Losses - Loans The allowance for loan credit losses represents an amount which, in management's judgment, is adequate to absorb the lifetime expected losses that may be sustained on outstanding loans at the balance sheet date based on the evaluation of the size and current risk characteristics of the loan portfolio, past events, current conditions, reasonable and supportable forecasts of future economic conditions, and prepayment experience. The allowance for loan credit losses is measured and recorded upon the initial recognition of a financial asset. The allowance for loan credit losses is reduced by charge-offs, net of recoveries of previous losses, and is increased or decreased by a provision for (or recovery of) credit losses, which is recorded in the Consolidated Statements of Income. The Company is utilizing a discounted cash flow model to estimate its current expected credit losses. For the purposes of calculating its quantitative reserves, the Company has segmented its loan portfolio based on loans which share similar risk characteristics. Within the quantitative portion of the calculation, the Company utilizes at least one or a combination of loss drivers, which may include unemployment rates, home price indices, and/or gross domestic product, to adjust its loss rates over a reasonable and supportable forecast period of one year. A straight-line reversion technique is used for the following four quarters, at which time the Company reverts to historical averages. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider qualitative factors, including but not limited to: variability in the economic forecast, changes in volume and severity of adversely classified loans, changes in concentrations of credit, changes in the nature and volume of the loan segments, factors related to credit administration, and other Loans that do not share risk characteristics are evaluated on an individual basis. The Company designates individually evaluated loans on nonaccrual status as collateral dependent loans, as well as other loans that management of the Company designates as having higher risk and loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the allowance for credit losses. The Company has adopted the practical expedient to measure the allowance for credit losses for collateral dependent loans based on the fair value of collateral. The allowance for credit losses is calculated on an individual loan basis based on the shortfall between the fair value of the loan's collateral, which is adjusted for liquidation costs/discounts, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required. Allowance for Credit Losses – Unfunded Commitments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to provision for (or recovery of) credit losses in the Consolidated Statements of Income. The allowance for credit losses on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date using the same methodology as the loan portfolio, taking into consideration the likelihood that funding will occur as well as any third-party guarantees. The allowance for unfunded commitments is included in other liabilities on the Company’s consolidated balance sheets.
Loans	Loans The Company grants real estate, commercial and consumer loans to customers (representing the Company’s loan segments). A substantial portion of the loan portfolio is represented by commercial real estate loans in the Washington, D.C. metropolitan area. Within the real estate segment, the Company has also identified the residential, commercial and construction classes. The ability of the Company’s debtors to honor their real estate loan contracts is dependent upon the real estate market and general economic conditions in this area, among other factors. Underwriting and risk characteristics of each loan class are summarized as follows: ● Real estate residential mortgage loans carry risks associated with the continued creditworthiness of the borrower and changes in the value of the collateral. ● Real estate commercial mortgage loans carry risks associated with the successful operation of a business, the continued creditworthiness of the borrower and any related guarantors and changes in the value of the collateral. In the case of investor-owned commercial real estate, risks are expanded to include the financial strength of the tenants occupying the property and the stability of occupancy and lease rates. ● Real estate construction and land development loans carry risks that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may, at any point in time, be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be a customer of the Company, may be unable to finish the construction project as planned because of financial pressure unrelated to the project. ● Commercial loans carry risks associated with the successful operation of a business and the financial strength of any related guarantors. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision. ● Consumer loans carry the risks associated with the continued creditworthiness of the borrower and the value of any collateral. Consumer loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for the allowance for loan credit losses and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well secured and in the process of collection. Other personal loans are typically charged off no later than 180 days past due. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. The determination of days past due or delinquency status uses the first contractual payment date that has not been paid-in-full by the borrower. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Accrued Interest Receivable	Accrued Interest Receivable The Company has elected to exclude accrued interest from the amortized cost basis in its determination of the allowance for credit losses for both loans and held-to-maturity securities, as well as elected the policy to write-off accrued interest receivable directly through the reversal of interest income. Accrued interest receivable totaled $5.3 million on loans and $255 thousand on held-to-maturity securities at December 31, 2023, and is included Accrued Interest Receivable
Bank Premises and Equipment	Bank Premises and Equipment Bank premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation of property and equipment is computed on the straight-line method over the useful lives of the assets, ranging from three
Bank Owned Life Insurance	Bank Owned Life Insurance The Company has purchased life insurance on certain key executives and officers. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement. Changes in cash surrender value are reflected in non-interest income in the Consolidated Statements of Income. During the third quarter of 2023, the Company surrendered all outstanding Bank Owned Life Insurance policies.
Other Real Estate Owned	Other Real Estate Owned Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Operating costs after acquisition are expensed as incurred. The Company had no other real estate owned as of December 31, 2023 and 2022. At December 31, 2023 and 2022, there were no consumer mortgage loans secured by residential real estate for which formal foreclosure proceedings were in progress.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (a) the assets have been isolated from the Company – put presumptively beyond the reach of the transferor and its creditors, even in the event of bankruptcy or other receivership, (b) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (c) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Loan Servicing Rights	Loan Servicing Rights The Company holds rights to service the guaranteed portion of U.S. Small Business Administration loans sold in the secondary market. Loan servicing rights are capitalized at estimated fair value when acquired through the origination of loans that are subsequently sold with the servicing rights retained. Loan servicing rights are amortized to servicing income on loans sold approximately in proportion to and over the period of estimated net servicing income. The value of loan servicing rights at the date of the sale of loans is estimated based on the discounted present value of expected future cash flows using key assumptions for servicing income and costs and expected prepayment rates on the underlying loans. The estimated fair value is periodically evaluated for impairment by comparing actual cash flows and estimated future cash flows from the loan servicing assets to those estimated at the time that the loan servicing assets were originated. Fair values are estimated using expected future discounted cash flows based on current market rates of interest. For purposes of measuring impairment, the loan servicing rights must be stratified by one or more predominant risk characteristics of the underlying loans. The Company stratifies its capitalized loan servicing rights based on product type and term of the underlying loans. The amount of impairment recognized is the amount, if any, by which the amortized cost of the loan servicing rights exceeds their fair value. Impairment, if deemed temporary, is recognized through a valuation allowance to the extent that fair value is less than the recorded amount. The Company had $22 thousand in loan servicing rights recorded within Other Assets on the Consolidated Balance Sheets as of December 31, 2023. The Company did not have any loan servicing rights as of December 31, 2022.
Income Taxes	Income Taxes Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences, operating loss carryforwards, and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company recorded no liability for unrecognized tax benefits at December 31, 2023 or 2022.
Earnings Per Common Share	Earnings Per Common Share Earnings per common share is calculated in accordance with Accounting Standard Codification (“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 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. Earnings per share are restated for all stock splits and dividends through the date the financial statements are issued.
Advertising Costs	Advertising Costs The Company follows the policy of charging the production costs of advertising to expense as incurred. Advertising expense was $288 thousand and $193 thousand for the years ended December 31, 2023 and 2022, respectively.
Share-Based Compensation	Share-Based Compensation The Company recognizes the compensation cost relating to share-based payment transactions based on the grant date fair value of the equity instruments issued. The share compensation accounting guidance requires that compensation cost for all share-based awards be calculated and recognized over the vesting period. A Black-Scholes model is used to estimate the fair value of stock options. Restricted stock awards are valued using the closing stock price on the date of grant. The Company’s accounting policy is to recognize forfeitures as they occur.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains (losses) on securities available-for-sale and the amortization of unrealized losses or accretion of unrealized gains on securities transferred from available-for-sale to held-to-maturity, which are also recognized as a separate component of equity. Items reclassified out of accumulated other comprehensive income (loss) to net income relate solely to realized gains (losses) on sales of securities available-for-sale and appear under the caption “Losses on sale of available for sale securities” in the Company’s Consolidated Statements of Income.
Derivatives	Derivatives The Company enters into interest rate swaps (“swaps”) with commercial loan customers to provide a facility to mitigate the fluctuations in the variable rate on the respective loans. These swaps are matched in exact offsetting terms to swaps that the Company enters into with an outside third party. The swaps are reported at fair value in other assets or other liabilities in the Consolidated Balance Sheets. The Company's swaps qualify as derivatives, but are not designated as hedging instruments. As such, any net gain or loss resulting from changes in the fair value is recognized in other operating (loss) income in the Consolidated Statements of Income. Refer to Note 5 for further discussion regarding the Company’s swaps.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair values of various assets and liabilities are estimated using relevant market information, valuation techniques and other assumptions, as more fully disclosed in Note 12. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Recent Accounting Pronouncements	Accounting Standards Adopted in 2023 ASU 2016-13 In addition, CECL made changes to the accounting for available-for-sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities if management does not intend to sell and does not believe that it is more likely than not they will be required to sell. The Company adopted ASC 326 and all related subsequent amendments thereto effective January 1, 2023 using the modified retrospective approach for all financial assets measured at amortized cost and off-balance sheet credit exposures. At adoption, the after tax impact to retained earnings was a reduction of $(2.3) million based on our evaluation as of that date. This adjustment consisted of increases to the allowance for credit losses on loans, as well as the Company's allowance for unfunded loan commitments. The Company adopted ASC 326 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As of December 31, 2022, the Company did not have any other-than-temporarily impaired investment securities. The Company did not record an allowance for credit losses for securities classified as available-for-sale or held-to-maturity upon adoption. The Company elected not to measure an allowance for credit losses for accrued interest receivable and instead elected to reverse interest income on loans or securities that are placed on nonaccrual status, which is generally when the instrument is 90 days past due, or earlier if the Company believes the collection of interest is doubtful. The Company has concluded that this policy results in the timely reversal of uncollectible interest. The adoption of CECL did not result in a significant change to any other credit risk management and monitoring processes, including identification of past due or delinquent borrowers, nonaccrual practices or charge-off policy. ASU 2022-02 refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. In addition, the amendments require that the Company disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The Company adopted the standard prospectively and it did not have a material impact on the financial statements.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Investment Securities
Summary of amortized cost and fair value of securities available-for-sale	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Available-for-sale ​ ​ ​ ​ U.S. Treasuries ​ $ 44,793 ​ $ — ​ $ (1,816) ​ $ 42,977 U.S. government and federal agencies ​ 13,850 ​ — ​ (575) ​ 13,275 Corporate bonds ​ 3,000 ​ — ​ (477) ​ 2,523 Collateralized mortgage obligations ​ 40,806 ​ — ​ (6,496) ​ 34,310 Tax-exempt municipal ​ 1,380 ​ — ​ (149) ​ 1,231 Taxable municipal ​ 606 ​ — ​ (19) ​ 587 Mortgage-backed ​ 81,255 ​ — ​ (6,165) ​ 75,090 Total Available-for-sale Securities ​ $ 185,690 ​ $ — ​ $ (15,697) ​ $ 169,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Available-for-sale ​ ​ ​ ​ U.S. Treasuries ​ $ 63,480 ​ $ — ​ $ (4,270) ​ $ 59,210 U.S. government and federal agencies ​ 38,748 ​ — ​ (3,988) ​ 34,760 Corporate bonds ​ 3,000 ​ — ​ (386) ​ 2,614 Collateralized mortgage obligations ​ 44,732 ​ — ​ (6,258) ​ 38,474 Tax-exempt municipal ​ 4,993 ​ — ​ (348) ​ 4,645 Taxable municipal ​ 608 ​ — ​ (29) ​ 579 Mortgage-backed ​ 238,652 ​ — ​ (21,358) ​ 217,294 Total Available-for-sale Securities ​ $ 394,213 ​ $ — ​ $ (36,637) ​ $ 357,576 ​
Summary of amortized cost and fair value of securities held-to-maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ U.S. Treasuries ​ $ 6,001 ​ $ — ​ $ (667) ​ $ 5,334 U.S. government and federal agencies ​ 35,434 ​ — ​ (5,100) ​ 30,334 Collateralized mortgage obligations ​ 19,395 ​ — ​ (4,095) ​ 15,300 Taxable municipal ​ 6,057 ​ — ​ (1,101) ​ 4,956 Mortgage-backed ​ 28,618 ​ — ​ (5,010) ​ 23,608 Total Held-to-maturity Securities ​ $ 95,505 ​ $ — ​ $ (15,973) ​ $ 79,532 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost Gains (Losses) Value Held-to-maturity ​ ​ ​ ​ U.S. Treasuries ​ $ 6,000 ​ $ — ​ $ (840) ​ $ 5,160 U.S. government and federal agencies ​ 35,551 ​ — ​ (6,135) ​ 29,416 Collateralized mortgage obligations ​ 21,275 ​ — ​ (4,227) ​ 17,048 Taxable municipal ​ 6,073 ​ — ​ (1,364) ​ 4,709 Mortgage-backed ​ 30,516 ​ — ​ (5,688) ​ 24,828 Total Held-to-maturity Securities ​ $ 99,415 ​ $ — ​ $ (18,254) ​ $ 81,161
Schedule of gross unrealized loss position of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ 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 Available-for-sale ​ ​ ​ ​ ​ ​ U.S. Treasuries ​ $ — ​ $ — ​ $ 42,977 ​ $ (1,816) ​ $ 42,977 ​ $ (1,816) U.S. government and federal agencies ​ — ​ — ​ 13,275 ​ (575) ​ 13,275 ​ (575) Corporate bonds ​ — ​ — ​ 2,523 ​ (477) ​ 2,523 ​ (477) Collateralized mortgage obligations ​ — ​ — ​ 34,310 ​ (6,496) ​ 34,310 ​ (6,496) Tax-exempt municipal ​ — ​ — ​ 1,231 ​ (149) ​ 1,231 ​ (149) Taxable municipal ​ — ​ — ​ 587 ​ (19) ​ 587 ​ (19) Mortgage-backed ​ — ​ — ​ 75,090 ​ (6,165) ​ 75,090 ​ (6,165) Total Available-for-sale Securities ​ $ — ​ $ — ​ $ 169,993 ​ $ (15,697) ​ $ 169,993 ​ $ (15,697) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasuries ​ $ 31,261 ​ $ (1,194) ​ $ 27,949 ​ $ (3,076) ​ $ 59,210 ​ $ (4,270) U.S. government and federal agencies ​ 16,107 ​ (1,078) ​ 18,653 ​ (2,910) ​ 34,760 ​ (3,988) Corporate bonds ​ ​ 2,614 ​ (386) ​ — ​ — ​ 2,614 ​ (386) Collateralized mortgage obligations ​ 16,746 ​ (1,143) ​ 21,728 ​ (5,115) ​ 38,474 ​ (6,258) Tax-exempt municipal ​ ​ 4,645 ​ (348) ​ — ​ — ​ 4,645 ​ (348) Taxable municipal ​ 337 ​ (2) ​ 242 ​ (27) ​ 579 ​ (29) Mortgage-backed ​ 145,795 ​ (9,612) ​ 71,499 ​ (11,746) ​ 217,294 ​ (21,358) Total Available-for-sale Securities ​ $ 217,505 ​ $ (13,763) ​ $ 140,071 ​ $ (22,874) ​ $ 357,576 ​ $ (36,637) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ — ​ $ — ​ $ 5,160 ​ $ (840) ​ $ 5,160 ​ $ (840) U.S. government and federal agencies ​ — ​ — ​ 29,416 ​ (6,135) ​ 29,416 ​ (6,135) Collateralized mortgage obligations ​ — ​ — ​ 17,048 ​ (4,227) ​ 17,048 ​ (4,227) Taxable municipal ​ — ​ — ​ 4,709 ​ (1,364) ​ 4,709 ​ (1,364) Mortgage-backed ​ 825 ​ (159) ​ 24,003 ​ (5,529) ​ 24,828 ​ (5,688) Total Held-to-maturity Securities ​ $ 825 ​ $ (159) ​ $ 80,336 ​ $ (18,095) ​ $ 81,161 ​ $ (18,254)
Contractual maturities of investment securities	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Amortized ​ Fair (Dollars in thousands) Cost Value Available-for-sale ​ ​ Due in one year or less ​ $ 22,248 ​ $ 21,933 Due after one year through five years ​ 46,393 ​ 44,271 Due after five years through ten years ​ 53,890 ​ 50,962 Due after ten years ​ 63,159 ​ 52,827 Total Available-for-sale Securities ​ $ 185,690 ​ $ 169,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Amortized ​ Fair (Dollars in thousands) Cost Value Held-to-maturity ​ ​ Due in one year or less ​ $ — ​ $ — Due after one year through five years ​ 22,153 ​ 19,600 Due after five years through ten years ​ 23,492 ​ 19,766 Due after ten years ​ 49,860 ​ 40,166 Total Held-to-maturity Securities ​ $ 95,505 ​ $ 79,532
Summary of restricted securities	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Federal Reserve Bank Stock ​ $ 3,310 ​ $ 3,292 Federal Home Loan Bank Stock ​ 1,642 ​ 1,073 Community Bankers’ Bank Stock ​ 60 ​ 60 Total Restricted Securities ​ $ 5,012 ​ $ 4,425

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2023
Allowance for Loan Credit Losses
Schedule of composition of the loan portfolio	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Real Estate Loans: ​ ​ ​ ​ Commercial ​ $ 1,146,116 ​ $ 1,118,127 Construction and land development ​ 180,922 ​ 195,027 Residential ​ ​ 482,182 ​ ​ 426,841 Commercial - Non-Real Estate: ​ ​ Commercial loans ​ 45,204 ​ 44,924 Consumer - Non-Real Estate: ​ ​ Consumer loans ​ 560 ​ 529 Total Gross Loans ​ $ 1,854,984 ​ $ 1,785,448 Allowance for loan credit losses ​ (19,543) ​ (20,208) Net deferred loan costs ​ 4,983 ​ 4,060 Total net loans ​ $ 1,840,424 ​ $ 1,769,300

Allowance for Loan Credit Los_2

Allowance for Loan Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Allowance for Loan Credit Losses
Schedule of allowance for loan losses activity and balance	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollars in thousands ​ ​ Commercial ​ Development ​ Residential ​ Commercial ​ Consumer ​ Unallocated ​ Total Beginning balance, December 31, 2022 ​ ​ $ 13,205 ​ $ 2,860 ​ $ 3,044 ​ $ 456 ​ $ 5 ​ $ 638 ​ $ 20,208 Adjustment to allowance for adoption of ASC 326 ​ ​ ​ (2,649) ​ ​ 476 ​ ​ 4,552 ​ ​ 367 ​ ​ 57 ​ ​ (638) ​ ​ 2,165 Charge-offs ​ ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Recoveries ​ ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ — ​ ​ 2 Provision for (recovery of) credit losses ​ ​ ​ 2,285 ​ ​ (1,549) ​ ​ (3,273) ​ ​ (330) ​ ​ 35 ​ ​ — ​ ​ (2,832) Ending balance, December 31, 2023 ​ ​ $ 12,841 ​ $ 1,787 ​ $ 4,323 ​ $ 495 ​ $ 97 ​ $ — ​ $ 19,543 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ — ​ — ​ — ​ 2 ​ — ​ — ​ 2 Provision for (recovery of) loan losses ​ 115 ​ 36 ​ 275 ​ (257) ​ — ​ 6 ​ 175 Ending Balance, December 31, 2022 ​ $ 13,205 ​ $ 2,860 ​ $ 3,044 ​ $ 456 ​ $ 5 ​ $ 638 ​ $ 20,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ ​ 13,205 ​ ​ 2,860 ​ ​ 3,044 ​ ​ 456 ​ ​ 5 ​ ​ 638 ​ ​ 20,208 Total allowance ​ $ 13,205 ​ $ 2,860 ​ $ 3,044 ​ $ 456 ​ $ 5 ​ $ 638 ​ $ 20,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 418 ​ $ — ​ $ — ​ $ — ​ $ 418 Collectively evaluated for impairment ​ ​ 1,118,127 ​ ​ 195,027 ​ ​ 426,423 ​ ​ 44,924 ​ ​ 529 ​ ​ — ​ ​ 1,785,030 Total loans ​ $ 1,118,127 ​ $ 195,027 ​ $ 426,841 ​ $ 44,924 ​ $ 529 ​ $ — ​ $ 1,785,448
Schedule of impaired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ 418 ​ 418 ​ — ​ 418 ​ — ​ 427 ​ 15 Commercial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Impaired Loans ​ $ 418 ​ $ 418 ​ $ — ​ $ 418 ​ $ — ​ $ 427 ​ $ 15
Schedule of past due and non-accrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,146,116 $ 1,146,116 ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ 180,922 ​ 180,922 ​ — ​ — Residential ​ — ​ — ​ — ​ — ​ 482,182 ​ 482,182 ​ — ​ — Commercial ​ — ​ — ​ — ​ — ​ 45,204 ​ 45,204 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ 560 ​ 560 ​ — ​ — Total Loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,854,984 ​ $ 1,854,984 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,118,127 ​ $ 1,118,127 ​ $ — ​ $ — Construction and land development ​ — ​ — ​ — ​ — ​ 195,027 ​ 195,027 ​ — ​ — Residential ​ — ​ — ​ — ​ — ​ 426,841 ​ 426,841 ​ — ​ — Commercial ​ — ​ — ​ — ​ — ​ 44,924 ​ 44,924 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ 529 ​ 529 ​ — ​ — Total Loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,785,448 ​ $ 1,785,448 ​ $ — ​ $ —
Schedule of credit quality indicators	​ ​ ​ ​ ​ ​ Internal Days Past Due ​ Risk Rating 0 - 29 days ​ Pass 30-59 days ​ Special Mention 60-89 days ​ Substandard 90-119 days ​ Doubtful 120+ days ​ Loss
Schedule of credit quality information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans by Year of Origination ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ Total Real Estate Loans - Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 67,675 ​ $ 302,342 ​ $ 201,801 ​ $ 125,828 ​ $ 96,424 ​ $ 334,132 ​ $ 3,575 ​ $ 1,131,777 Special mention ​ ​ — ​ ​ 13,102 ​ ​ — ​ ​ 1,237 ​ ​ — ​ ​ — ​ ​ — ​ ​ 14,339 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Real Estate Loans - Commercial ​ $ 67,675 ​ $ 315,444 ​ $ 201,801 ​ $ 127,065 ​ $ 96,424 ​ $ 334,132 ​ $ 3,575 ​ $ 1,146,116 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans - Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 47,253 ​ $ 56,408 ​ $ 33,827 ​ $ 9,360 ​ $ 8 ​ $ 7,046 ​ $ 24,891 ​ $ 178,793 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,129 ​ ​ — ​ ​ — ​ ​ 2,129 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Real Estate Loans - Construction and land development ​ $ 47,253 ​ $ 56,408 ​ $ 33,827 ​ $ 9,360 ​ $ 2,137 ​ $ 7,046 ​ $ 24,891 ​ $ 180,922 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans - Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 83,060 ​ $ 114,865 ​ $ 133,188 ​ $ 87,275 ​ $ 24,883 ​ $ 21,380 ​ $ 17,531 ​ $ 482,182 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Real Estate Loans - Residential ​ $ 83,060 ​ $ 114,865 ​ $ 133,188 ​ $ 87,275 ​ $ 24,883 ​ $ 21,380 ​ $ 17,531 ​ $ 482,182 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 7,564 ​ $ 6,838 ​ $ 1,959 ​ $ 3,207 ​ $ 4,482 ​ $ 4,787 ​ $ 16,367 ​ $ 45,204 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Commercial Loans ​ $ 7,564 ​ $ 6,838 ​ $ 1,959 ​ $ 3,207 ​ $ 4,482 ​ $ 4,787 ​ $ 16,367 ​ $ 45,204 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 485 ​ $ 6 ​ $ 26 ​ $ — ​ $ — ​ $ 10 ​ $ 33 ​ $ 560 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Consumer Loans ​ $ 485 ​ $ 6 ​ $ 26 ​ $ — ​ $ — ​ $ 10 ​ $ 33 ​ $ 560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total (Dollars in thousands) Pass Mention Substandard Doubtful Loss Loans Real Estate Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 1,116,890 ​ $ 1,237 ​ $ — ​ $ — ​ $ — ​ $ 1,118,127 Construction and land development ​ 192,877 ​ 2,150 ​ — ​ — ​ — ​ 195,027 Residential ​ 426,841 ​ — ​ — ​ — ​ — ​ 426,841 Commercial ​ 44,924 ​ — ​ — ​ — ​ — ​ 44,924 Consumer ​ 529 ​ — ​ — ​ — ​ — ​ 529 Total Loans ​ $ 1,782,061 ​ $ 3,387 ​ $ — ​ $ — ​ $ — ​ $ 1,785,448
Schedule of unfunded commitments	​ ​ ​ ​ ​ ​ ​ Allowance for Credit Losses (Dollars in thousands) Unfunded Commitments Beginning balance, December 31, 2022 ​ $ 303 Adjustment to allowance for unfunded commitments for adoption of ASC 326 ​ ​ 737 Recovery of credit losses ​ ​ (420) Ending balance, December 31, 2023 ​ $ 620 ​

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2023
Derivatives
Schedule of Company's swaps	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional ​ ​ Fair ​ ​ Years to ​ ​ Receive ​ ​ Pay ​ (Dollars in thousands) ​ ​ Amount ​ ​ Value ​ ​ Maturity ​ ​ Rate ​ ​ Rate ​ Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pay fixed/receive variable swaps ​ $ 19,444 ​ $ 846 ​ ​ 3.2 years ​ ​ 5.87 % ​ 3.39 % Pay variable/receive fixed swaps ​ ​ 19,444 ​ ​ (846) ​ ​ 3.2 years ​ ​ 3.39 % ​ 5.87 % Total interest rate swap agreements ​ $ 38,888 ​ $ — ​ ​ 3.2 years ​ ​ 4.63 % ​ 4.63 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional ​ ​ Fair ​ ​ Years to ​ ​ Receive ​ ​ Pay ​ (Dollars in thousands) ​ ​ Amount ​ ​ Value ​ ​ Maturity ​ ​ Rate ​ ​ Rate ​ Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pay fixed/receive variable swaps ​ $ 13,767 ​ $ 1,217 ​ ​ 2.8 years ​ ​ 6.02 % ​ 2.59 % Pay variable/receive fixed swaps ​ ​ 13,767 ​ ​ (1,217) ​ ​ 2.8 years ​ ​ 2.59 % ​ 6.02 % Total interest rate swap agreements ​ $ 27,534 ​ $ — ​ ​ 2.8 years ​ ​ 4.31 % ​ 4.31 %

Bank Premises and Equipment, _2

Bank Premises and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Bank Premises and Equipment, Net
Summary of components of bank premises and equipment, net	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Leasehold improvements ​ $ 2,910 ​ $ 2,873 Furniture and equipment ​ 6,721 ​ 6,268 Total Bank Premises and Equipment ​ $ 9,631 ​ $ 9,141 Less: Accumulated depreciation ​ (8,350) ​ (7,922) Total Bank Premises and Equipment, Net ​ $ 1,281 ​ $ 1,219

Deposits and Borrowings (Tables

Deposits and Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits and Borrowings
Schedule of deposits	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Deposits: ​ ​ Non-interest bearing demand deposits (1) ​ $ 411,374 ​ $ 476,697 Interest-bearing demand deposits (1) ​ 607,971 ​ 691,945 Savings deposits ​ 52,061 ​ 95,241 Time deposits (2) ​ 835,194 ​ 803,857 Total Deposits ​ $ 1,906,600 ​ $ 2,067,740 (1) Overdraft demand deposits reclassified to loans totaled $1 thousand at both December 31, 2023 and December 31, 2022. (2) The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $359.3 million and $318.7 million at December 31, 2023 and December 31, 2022, respectively.
Schedule of short-term debt and long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 (Dollars in thousands) ​ Stated Interest Rate ​ Weighted-Average Interest Rate ​ Carrying Value ​ Carrying Value Short-term Debt: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Federal Reserve Bank borrowings ​ 4.80 % ​ 4.80 % $ 54,000 ​ ​ — Total Short-term Debt ​ ​ ​ ​ ​ ​ $ 54,000 ​ ​ — Long-term Debt: ​ ​ ​ Subordinated debt 5.25 % ​ 5.25 % $ 24,708 ​ $ 24,624 Total Long-term Debt ​ ​ ​ ​ ​ $ 24,708 ​ $ 24,624 ​
Schedule of carrying amount of the time deposits by contractual maturity	​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 2024 ​ $ 574,056 2025 ​ 181,797 2026 ​ 68,629 2027 ​ 10,165 2028 ​ 547 Thereafter ​ — Total ​ $ 835,194 ​

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases
Summary of overview of leases	​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Lease liabilities ​ $ 4,446 ​ $ 4,858 ​ Right-of-use assets ​ 4,176 ​ 4,611 ​ Weighted average remaining lease term (Years) ​ 3.89 years 4.08 years Weighted average discount rate ​ 3.00 % 2.62 %
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Operating lease cost ​ $ 1,392 ​ $ 1,469 Variable lease cost ​ — ​ — Short-term lease cost ​ — ​ — Total Lease Cost ​ $ 1,392 ​ $ 1,469
Schedule of lease liability maturity	​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 2024 ​ $ 1,322 2025 ​ 1,319 2026 ​ 1,121 2027 ​ 429 2028 ​ 291 Thereafter ​ 276 Total Undiscounted Cash Flows ​ $ 4,758 Discount ​ (312) Lease Liabilities ​ $ 4,446

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes
Schedule of deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Deferred Tax Assets: ​ ​ Allowance for loan credit losses ​ $ 4,477 ​ $ 4,581 Lease liabilities ​ 987 ​ 1,101 Share-based compensation expense ​ 45 ​ 91 Unrealized losses on debt securities ​ 3,257 ​ 7,628 Other ​ 453 ​ 416 Total Deferred Tax Assets ​ $ 9,219 ​ $ 13,817 Deferred Tax Liabilities: ​ ​ Right-of-use assets ​ 927 ​ 1,045 Depreciation ​ 53 ​ 49 Net deferred loan costs ​ 1,106 ​ 920 Other ​ 76 ​ 62 Total Deferred Tax Liabilities ​ $ 2,162 ​ $ 2,076 Net Deferred Tax Assets ​ $ 7,057 ​ $ 11,741
Schedule of provision for income taxes	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Current tax expense ​ $ 1,902 ​ $ 7,666 Deferred tax expense ​ 921 ​ 594 Total Income Tax Expense ​ $ 2,823 ​ $ 8,260
Schedule of income tax rate reconciliation	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Computed “expected” tax expense ​ $ 1,676 ​ $ 8,413 Increase (decrease) in income taxes resulting from: ​ ​ Bank-owned life insurance policy surrender ​ ​ 1,101 ​ ​ — State income taxes, net of federal benefit ​ 180 ​ 516 Bank-owned life insurance ​ (47) ​ (114) Tax-exempt interest income ​ (69) ​ (158) Excess tax benefit on share-based compensation ​ (19) ​ (427) Other, net ​ 1 ​ 30 Total ​ $ 2,823 ​ $ 8,260

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies
Summary of the contract or notional amount of the Company's exposure to off-balance sheet risk	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Commitments to extend credit ​ $ 235,560 ​ $ 240,084 Standby letters of credit ​ $ 16,329 ​ $ 14,677

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Measurements
Summary of fair value of assets measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2023 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Unobservable ​ ​ Balance as of ​ Identical Assets ​ Observable Inputs ​ Inputs (Dollars in thousands) December 31, 2023 (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ Securities available-for-sale: ​ ​ ​ ​ U.S. Treasuries ​ $ 42,977 ​ $ — ​ $ 42,977 ​ $ — U.S. government and federal agencies ​ 13,275 ​ — ​ 13,275 ​ — Corporate bonds ​ 2,523 ​ — ​ 2,523 ​ — Collateralized mortgage obligations ​ 34,310 ​ — ​ 34,310 ​ — Tax-exempt municipal ​ 1,231 ​ — ​ 1,231 ​ — Taxable municipal ​ 587 ​ — ​ 587 ​ — Mortgage-backed ​ 75,090 ​ — ​ 75,090 ​ — Equity securities, at fair value ​ 2,792 ​ 2,792 ​ — ​ — Interest rate swap agreements ​ ​ 846 ​ ​ — ​ ​ 846 ​ ​ — Loan servicing rights ​ ​ 22 ​ ​ — ​ ​ — ​ ​ 22 Total assets at fair value ​ $ 173,653 ​ $ 2,792 ​ $ 170,839 ​ $ 22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ $ 846 ​ $ — ​ $ 846 ​ $ — Total liabilities at fair value ​ $ 846 ​ $ — ​ $ 846 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2022 Using ​ ​ ​ Quoted Prices in ​ ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Unobservable ​ ​ Balance as of ​ Identical Assets ​ Observable Inputs ​ Inputs (Dollars in thousands) ​ December 31, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale: ​ ​ ​ ​ ​ U.S. Treasuries ​ $ 59,210 ​ $ — ​ $ 59,210 ​ $ — U.S. government and federal agencies ​ 34,760 ​ — ​ 34,760 ​ — Corporate bonds ​ 2,614 ​ — ​ 2,614 ​ — Collateralized mortgage obligations ​ 38,474 ​ — ​ 38,474 ​ — Tax-exempt municipal ​ 4,645 ​ — ​ 4,645 ​ — Taxable municipal ​ 579 ​ — ​ 579 ​ — Mortgage-backed ​ 217,294 ​ — ​ 217,294 ​ — Equity securities, at fair value ​ 2,115 ​ 2,115 ​ — ​ — Interest rate swap agreement ​ ​ 1,217 ​ ​ — ​ ​ 1,217 ​ ​ — Total assets at fair value ​ $ 360,908 ​ $ 2,115 ​ $ 358,793 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreement ​ $ 1,217 ​ $ — ​ $ 1,217 ​ $ — Total liabilities at fair value ​ $ 1,217 ​ $ — ​ $ 1,217 ​ $ —
Summary of carrying value and estimated fair value of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2023 Using ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ for Identical ​ Significant Other ​ Unobservable ​ ​ ​ ​ ​ Carrying Value as of ​ Assets ​ Observable Inputs ​ Inputs ​ Fair Value as of (Dollars in thousands) ​ December 31, 2023 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ December 31, 2023 Assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 99,005 ​ $ 99,005 ​ $ — ​ $ — ​ $ 99,005 Securities: ​ ​ ​ ​ ​ Available-for-sale ​ 169,993 ​ — ​ 169,993 ​ — ​ 169,993 Held-to-maturity ​ 95,505 ​ — ​ 79,532 ​ — ​ 79,532 Equity securities, at fair value ​ 2,792 ​ 2,792 ​ — ​ — ​ 2,792 Restricted securities, at cost ​ ​ 5,012 ​ ​ — ​ ​ 5,012 ​ ​ — ​ ​ 5,012 Loans, net ​ 1,840,424 ​ — ​ — ​ 1,730,205 ​ 1,730,205 Interest rate swap agreements ​ ​ 846 ​ ​ — ​ ​ 846 ​ ​ — ​ ​ 846 Loan servicing rights ​ ​ 22 ​ ​ — ​ ​ — ​ ​ 22 ​ ​ 22 Accrued interest receivable ​ 6,110 ​ — ​ 6,110 ​ — ​ 6,110 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 1,906,600 ​ $ — ​ $ 1,906,835 ​ $ — ​ $ 1,906,835 Federal Reserve Bank borrowings ​ ​ 54,000 ​ ​ — ​ ​ 54,000 ​ ​ — ​ ​ 54,000 Federal funds purchased ​ ​ 10,000 ​ ​ — ​ ​ 10,000 ​ ​ — ​ ​ 10,000 Subordinated debt ​ 24,708 ​ — ​ — ​ 21,873 ​ 21,873 Interest rate swap agreements ​ ​ 846 ​ ​ — ​ ​ 846 ​ ​ — ​ ​ 846 Accrued interest payable ​ 4,559 ​ — ​ 4,559 ​ — ​ 4,559 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2022 Using ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ for Identical ​ Significant Other ​ Unobservable ​ ​ ​ ​ Carrying Value as of ​ Assets ​ Observable Inputs ​ Inputs ​ Fair Value as of (Dollars in thousands) ​ December 31, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ December 31, 2022 Assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 61,599 ​ $ 61,599 ​ $ — ​ $ — ​ $ 61,599 Securities: ​ ​ ​ ​ ​ Available-for-sale ​ 357,576 ​ — ​ 357,576 ​ — ​ 357,576 Held-to-maturity ​ 99,415 ​ — ​ 81,161 ​ — ​ 81,161 Equity securities, at fair value ​ 2,115 ​ 2,115 ​ — ​ — ​ 2,115 Restricted securities, at cost ​ ​ 4,425 ​ ​ — ​ ​ 4,425 ​ ​ — ​ ​ 4,425 Loans, net ​ 1,769,300 ​ — ​ — ​ 1,676,887 ​ 1,676,887 Interest rate swap agreement ​ ​ 1,217 ​ ​ — ​ ​ 1,217 ​ ​ — ​ ​ 1,217 Bank owned life insurance ​ 21,170 ​ — ​ 21,170 ​ — ​ 21,170 Accrued interest receivable ​ 5,531 ​ — ​ 5,531 ​ — ​ 5,531 Liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 2,067,740 ​ $ — ​ $ 2,065,248 ​ $ — ​ $ 2,065,248 Subordinated debt ​ 24,624 ​ — ​ — ​ 22,457 ​ 22,457 Federal funds purchased ​ ​ 25,500 ​ ​ — ​ ​ 25,500 ​ ​ — ​ ​ 25,500 Interest rate swap agreement ​ ​ 1,217 ​ ​ — ​ ​ 1,217 ​ ​ — ​ ​ 1,217 Accrued interest payable ​ 1,035 ​ — ​ 1,035 ​ — ​ 1,035 ​

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per Common Share
Schedule of computation of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ ​ December 31, ​ ​ 2023 2022 Earnings per common share - basic: ​ ​ ​ ​ Income available to common shareholders (in thousands): ​ ​ ​ ​ Net income ​ $ 5,158 ​ $ 31,803 ​ Less: Income attributable to unvested restricted stock awards ​ (17) ​ (136) ​ Net income available to common shareholders ​ $ 5,141 ​ $ 31,667 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding: ​ ​ ​ Common shares outstanding, including unvested restricted stock ​ 14,124,696 ​ 13,991,875 ​ Less: Unvested restricted stock ​ (47,771) ​ (60,034) ​ Weighted-average common shares outstanding - basic ​ 14,076,925 ​ 13,931,841 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - basic ​ $ 0.37 ​ $ 2.27 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - diluted: ​ ​ ​ Income available to common shareholders (in thousands): ​ ​ ​ Net income ​ $ 5,158 ​ $ 31,803 ​ Less: Income attributable to unvested restricted stock awards ​ (17) ​ (135) ​ Net income available to common shareholders ​ $ 5,141 ​ $ 31,668 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding: ​ ​ ​ Common shares outstanding, including unvested restricted stock ​ 14,124,696 ​ 13,991,875 ​ Less: Unvested restricted stock ​ (47,771) ​ (60,034) ​ Plus: Effect of dilutive options ​ 70,268 ​ 152,586 ​ Weighted-average common shares outstanding - diluted ​ 14,147,193 ​ 14,084,427 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - diluted ​ $ 0.36 ​ $ 2.25 ​

Stock Based Compensation Plan (

Stock Based Compensation Plan (Tables)	12 Months Ended
	Dec. 31, 2023
Stock Based Compensation Plan
Summary of stock options activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Weighted Average ​ Aggregate Intrinsic ​ Shares Exercise Price Value Outstanding at January 1, 2023 189,934 ​ $ 11.76 ​ Granted — ​ — ​ Exercised (27,375) ​ 11.75 ​ Forfeited or expired (412) ​ 9.44 ​ Outstanding at December 31, 2023 162,147 ​ 11.77 ​ $ 1,749,454 Exercisable December 31, 2023 162,147 ​ $ 11.77 ​ $ 1,749,454
Summary of stock options outstanding and exercisable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Remaining ​ ​ ​ Remaining ​ ​ Number ​ Contractual Life ​ Number ​ Contractual Life Exercise Prices Outstanding in Years Exercisable in Years $11.01 - $12.00 161,085 0.92 161,085 0.92 $12.01 - $13.00 1,062 0.98 1,062 0.98 Total 162,147 0.93 162,147 0.93
Summary of restricted stock awards	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Weighted Average ​ Shares Grant Date Fair Value Nonvested at January 1, 2023 55,185 ​ $ 21.80 Granted 22,893 ​ 23.65 Vested (30,390) ​ 21.21 Forfeited (370) ​ 15.50 Nonvested at December 31, 2023 47,318 ​ ​ 23.12

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2023
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 December 31, 2023 ​ ​ ​ ​ Total capital (to risk weighted assets) ​ $ 282,082 15.7 % $ 188,448 10.5 % $ 179,475 10.0 % Tier 1 capital (to risk weighted assets) ​ 263,637 14.7 % 152,553 8.5 % 143,580 8.0 % Common equity tier 1 capital (to risk weighted assets) ​ 263,637 14.7 % 125,632 7.0 % 116,658 6.5 % Tier 1 capital (to average assets) ​ 263,637 11.6 % 91,163 4.0 % 113,954 5.0 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2022 ​ ​ ​ ​ Total capital (to risk weighted assets) ​ $ 283,471 15.6 % $ 190,798 10.5 % $ 181,712 10.0 % Tier 1 capital (to risk weighted assets) ​ 262,960 14.4 % 155,219 8.5 % 146,089 8.0 % Common equity tier 1 capital (to risk weighted assets) ​ 262,960 14.4 % 127,828 7.0 % 118,697 6.5 % Tier 1 capital (to average assets) ​ 262,960 11.3 % 93,083 4.0 % 116,354 5.0 % (1) Including Capital Conservation Buffer

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue
Schedule of components of non-interest income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ ​ December 31, ​ (Dollars in thousands) 2023 2022 Service charges on deposit accounts (1) ​ ​ ​ ​ Overdrawn account fees ​ $ 82 ​ $ 88 ​ Account service fees ​ 248 ​ 236 ​ Other service charges and fees (1) ​ ​ ​ Interchange income ​ 403 ​ 409 ​ Other charges and fees ​ 435 ​ 247 ​ Bank owned life insurance ​ 224 ​ 544 ​ Losses on sale of available-for-sale securities ​ (17,316) ​ — ​ Insurance commissions (1) ​ 386 ​ 382 ​ Gain on sale of government guaranteed loans ​ ​ 131 ​ ​ — ​ Non-qualified deferred compensation plan asset gains (losses), net ​ ​ 317 ​ ​ (354) ​ Other income (2) ​ 150 ​ 139 ​ Total non-interest income (loss) ​ $ (14,940) ​ $ 1,691 ​ (1) Income within the scope of ASC 606 – Revenue Recognition . (2) Includes other operating income within the scope of ASC 606 amounting to $59 thousand for the year ended December 31, 2023. Includes other operating income of $91 thousand related to swap fee income on a back-to-back loan swaps for the year ended December 31, 2023, which is outside the scope of ASC 606. Includes other operating income within the scope of ASC 606 amounting to $12 thousand for the year ended December 31, 2022. Includes other operating income of $127 thousand related to swap fee income on a back-to-back loan swaps for the year ended December 31, 2022, which is outside the scope of ASC 606.

Other Operating Expenses (Table

Other Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Other Operating Expenses
Schedule of components of other operating expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended ​ ​ ​ December 31, ​ (Dollars in thousands) 2023 2022 Advertising expense ​ $ 288 ​ $ 193 ​ Data processing ​ 1,936 ​ 1,940 ​ FDIC insurance ​ 1,041 ​ 605 ​ Professional fees ​ 329 ​ 1,231 ​ State franchise tax ​ 2,389 ​ 2,092 ​ Director costs ​ 876 ​ 810 ​ Other operating expenses ​ 1,531 ​ 1,595 ​ Total other operating expenses ​ $ 8,390 ​ $ 8,466 ​ ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss)
Schedule of changes in accumulated other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ 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, 2023 ​ $ (28,942) ​ $ 245 ​ $ (28,697) Net change during the period ​ 16,542 ​ (96) ​ 16,446 Ending balance, December 31, 2023 ​ $ (12,400) ​ $ 149 ​ $ (12,251) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Unrealized Gains on ​ ​ ​ ​ ​ ​ ​ ​ Securities Transferred from ​ ​ ​ ​ ​ Unrealized Loss on ​ Available-for-sale to ​ Accumulated Other (Dollars in thousands) Available-for-sale Securities Held-to-maturity Comprehensive Loss Beginning balance, January 1, 2022 ​ $ (789) ​ $ 389 ​ $ (400) Net change during the period ​ (28,153) ​ (144) ​ (28,297) Ending Balance, December 31, 2022 ​ $ (28,942) ​ $ 245 ​ $ (28,697)

Parent Company Financials (Tabl

Parent Company Financials (Tables)	12 Months Ended
	Dec. 31, 2023
Parent Company Financials
Summary of condensed balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2023 December 31, 2022 Assets ​ ​ Cash and due from banks ​ $ 4,874 ​ $ 3,588 Equity securities, at fair value ​ 2,792 ​ 2,115 Investment in subsidiary ​ 249,666 ​ 234,263 Other assets ​ 448 ​ 366 Total assets ​ $ 257,780 ​ $ 240,332 Liabilities and Shareholders’ Equity ​ ​ Subordinated debt, net of unamortized issuance costs ​ $ 24,708 ​ $ 24,624 Accrued interest payable ​ 656 ​ 715 Other liabilities ​ 2,502 ​ 2,193 Total liabilities ​ $ 27,866 ​ $ 27,532 Total shareholders’ equity ​ $ 229,914 ​ $ 212,800 Total liabilities and shareholders’ equity ​ $ 257,780 ​ $ 240,332
Summary of condensed statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, 2023 and 2022 (Dollars in thousands) 2023 2022 Income: ​ ​ ​ ​ Other income ​ $ 317 ​ $ (354) ​ Dividends from subsidiary ​ ​ 6,108 ​ ​ 4,150 ​ Total income ​ 6,425 ​ 3,796 ​ Expense: ​ ​ ​ Subordinated debt interest expense ​ 1,396 ​ 1,810 ​ Salaries and employee benefits ​ 589 ​ 292 ​ Other operating expenses ​ 360 ​ 425 ​ Total expense ​ 2,345 ​ 2,527 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income before income tax benefit and equity in undistributed earnings of subsidiary ​ 4,080 ​ 1,269 ​ Income tax benefit ​ 425 ​ 605 ​ Equity in undistributed earnings of subsidiary ​ 653 ​ 29,929 ​ Net income ​ $ 5,158 ​ $ 31,803 ​
Summary of statements of cash flows	​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, 2023 and 2022 (Dollars in thousands) 2023 2022 Cash Flows from Operating Activities ​ ​ ​ ​ ​ ​ Net income ​ $ 5,158 ​ $ 31,803 Adjustment to reconcile net income to net cash provided by (used in) operating activities: ​ ​ Equity in undistributed earnings of subsidiary ​ (653) ​ (29,929) Fair value adjustment on equity securities ​ (317) ​ 354 Amortization of debt issuance costs ​ 84 ​ 317 Deferred tax (benefit) ​ (82) ​ (54) Changes in assets and liabilities: ​ ​ ​ Increase in other assets ​ — ​ (2) Increase in other liabilities ​ 250 ​ 278 Net cash provided by operating activities ​ $ 4,440 ​ $ 2,767 Cash Flows from Investing Activities ​ ​ Purchase of equity securities ​ (360) ​ (600) Net cash (used in) investing activities ​ $ (360) ​ $ (600) Cash Flows from Financing Activities ​ ​ Issuance of common stock for share options exercised ​ 320 ​ 3,058 Repurchase of shares for tax withholding on share-based compensation ​ (6) ​ (8) Issuance of subordinated debt ​ ​ — ​ ​ 24,579 Repayment of subordinated debt ​ ​ — ​ ​ (25,000) Cash dividends paid ​ ​ (3,108) ​ ​ (2,799) Net cash used in financing activities ​ $ (2,794) ​ $ (170) Net increase in cash and cash equivalents ​ $ 1,286 ​ $ 1,997 Cash and cash equivalents, beginning of year ​ 3,588 ​ 1,591 Cash and cash equivalents, end of year ​ $ 4,874 ​ $ 3,588 ​

Nature of Business and Summar_3

Nature of Business and Summary of Significant Accounting Policy - Restriction on Dividends (Details) $ in Millions	Mar. 01, 2017	Dec. 31, 2023 USD ($)
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
Number of share exchange	1
Restriction on Dividends
Statutory accounting practices, statutory amount available for dividend payments without regulatory approval		$ 58.1

Nature of Business and Summar_4

Nature of Business and Summary of Significant Accounting Policy - Concentration of Credit Risk (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans and Finance Receivables | Credit Concentration Risk | Commercial real estate portfolio segment | Real estate loans
Concentration of Credit Risk
Concentration risk, percentage (as a percent)	98%	97%

Nature of Business and Summar_5

Nature of Business and Summary of Significant Accounting Policy - Allowance for Credit Losses and Accrued Interest Receivable (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Nature of Business and Summary of Significant Accounting Policy
Accrued interest receivable	$ 518
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Statement Of Financial Position Extensible List Not Disclosed [Flag]	true
Accrued interest receivable on loans	$ 5,300
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable
Held-to-maturity securities	$ 255
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable

Nature of Business and Summar_6

Nature of Business and Summary of Significant Accounting Policy - Bank Premises and Equipment (Details)	Dec. 31, 2023
Minimum
Bank Premises and Equipment
Property, plant and equipment, useful life	3 years
Maximum
Bank Premises and Equipment
Property, plant and equipment, useful life	15 years

Nature of Business and Summar_7

Nature of Business and Summary of Significant Accounting Policy - Other Real Estate Owned (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Real Estate
Other real estate owned	$ 0	$ 0
Banking and Thrift, Other Disclosure
Mortgage loans in process of foreclosure, amount	$ 0	$ 0

Nature of Business and Summar_8

Nature of Business and Summary of Significant Accounting Policy - Loan Servicing Rights (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Nature of Business and Summary of Significant Accounting Policy
Loan servicing rights	$ 22	$ 0

Nature of Business and Summar_9

Nature of Business and Summary of Significant Accounting Policy - Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Unrecognized tax benefits	$ 0	$ 0

Nature of Business and Summa_10

Nature of Business and Summary of Significant Accounting Policy - Advertising Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Advertising Costs
Advertising expense	$ 288	$ 193

Nature of Business and Summa_11

Nature of Business and Summary of Significant Accounting Policy (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Recent Accounting Pronouncements
Retained earnings	$ 146,388	$ 146,630
Allowance for credit loss	$ 0
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
Recent Accounting Pronouncements
Retained earnings		$ (2,300)

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities Available-for-Sale
Amortized cost		$ 394,213
Amortized cost.	$ 185,690
Gross unrealized (losses)	(15,697)	(36,637)
Available-for-sale, at fair value		357,576
Available-for-sale	0	0
Available-for-sale, fair value	169,993
U.S. Treasuries
Securities Available-for-Sale
Amortized cost		63,480
Amortized cost.	44,793
Gross unrealized (losses)	(1,816)	(4,270)
Available-for-sale, at fair value		59,210
Available-for-sale, fair value	42,977
U.S. government and federal agencies
Securities Available-for-Sale
Amortized cost		38,748
Amortized cost.	13,850
Gross unrealized (losses)	(575)	(3,988)
Available-for-sale, at fair value		34,760
Available-for-sale, fair value	13,275
Corporate bonds
Securities Available-for-Sale
Amortized cost		3,000
Amortized cost.	3,000
Gross unrealized (losses)	(477)	(386)
Available-for-sale, at fair value		2,614
Available-for-sale, fair value	2,523
Collateralized mortgage obligations
Securities Available-for-Sale
Amortized cost		44,732
Amortized cost.	40,806
Gross unrealized (losses)	(6,496)	(6,258)
Available-for-sale, at fair value		38,474
Available-for-sale, fair value	34,310
Tax-exempt municipal
Securities Available-for-Sale
Amortized cost		4,993
Amortized cost.	1,380
Gross unrealized (losses)	(149)	(348)
Available-for-sale, at fair value		4,645
Available-for-sale, fair value	1,231
Taxable municipal
Securities Available-for-Sale
Amortized cost		608
Amortized cost.	606
Gross unrealized (losses)	(19)	(29)
Available-for-sale, at fair value		579
Available-for-sale, fair value	587
Mortgage-backed
Securities Available-for-Sale
Amortized cost		238,652
Amortized cost.	81,255
Gross unrealized (losses)	(6,165)	(21,358)
Available-for-sale, at fair value		$ 217,294
Available-for-sale, fair value	$ 75,090

Investment Securities - Securit

Investment Securities - Securities in a Gross Unrealized Loss Position - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Available-for-Sale, Fair Value
Fair Value, Less than 12 Months		$ 217,505
Fair Value, 12 Months or Longer	$ 169,993	140,071
Fair Value	169,993	357,576
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(13,763)
Gross Unrealized Losses, 12 Months or Longer	(15,697)	(22,874)
Gross Unrealized Losses	(15,697)	(36,637)
U.S. Treasuries
Available-for-Sale, Fair Value
Fair Value, Less than 12 Months		31,261
Fair Value, 12 Months or Longer	42,977	27,949
Fair Value	42,977	59,210
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(1,194)
Gross Unrealized Losses, 12 Months or Longer	(1,816)	(3,076)
Gross Unrealized Losses	(1,816)	(4,270)
U.S. government and federal agencies
Available-for-Sale, Fair Value
Fair Value, Less than 12 Months		16,107
Fair Value, 12 Months or Longer	13,275	18,653
Fair Value	13,275	34,760
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(1,078)
Gross Unrealized Losses, 12 Months or Longer	(575)	(2,910)
Gross Unrealized Losses	(575)	(3,988)
Corporate bonds
Available-for-Sale, Fair Value
Fair Value, Less than 12 Months		2,614
Fair Value, 12 Months or Longer	2,523
Fair Value	2,523
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(386)
Gross Unrealized Losses, 12 Months or Longer	(477)
Gross Unrealized Losses	(477)	(386)
Collateralized mortgage obligations
Available-for-Sale, Fair Value
Fair Value, Less than 12 Months		16,746
Fair Value, 12 Months or Longer	34,310	21,728
Fair Value	34,310	38,474
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(1,143)
Gross Unrealized Losses, 12 Months or Longer	(6,496)	(5,115)
Gross Unrealized Losses	(6,496)	(6,258)
Tax-exempt municipal
Available-for-Sale, Fair Value
Fair Value, Less than 12 Months		4,645
Fair Value, 12 Months or Longer	1,231
Fair Value	1,231
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(348)
Gross Unrealized Losses, 12 Months or Longer	(149)
Gross Unrealized Losses	(149)	(348)
Taxable municipal
Available-for-Sale, Fair Value
Fair Value, Less than 12 Months		337
Fair Value, 12 Months or Longer	587	242
Fair Value	587	579
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(2)
Gross Unrealized Losses, 12 Months or Longer	(19)	(27)
Gross Unrealized Losses	(19)	(29)
Mortgage-backed
Available-for-Sale, Fair Value
Fair Value, Less than 12 Months		145,795
Fair Value, 12 Months or Longer	75,090	71,499
Fair Value	75,090	217,294
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months		(9,612)
Gross Unrealized Losses, 12 Months or Longer	(6,165)	(11,746)
Gross Unrealized Losses	$ (6,165)	$ (21,358)

Investment Securities - Contrac

Investment Securities - Contractual Maturities of Investment Securities - Available-for-sale Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Available-for-sale, Amortized Cost
Due in one year or less	$ 22,248
Due after one year through five years	46,393
Due after five years through ten years	53,890
Due after ten years	63,159
Total Available-for-sale Securities	185,690
Available-for-sale, Fair Value
Due in one year or less	21,933
Due after one year through five years	44,271
Due after five years through ten years	50,962
Due after ten years	52,827
Total Available-for-sale Securities	$ 169,993
Weighted average remaining life	3 years	3 years 9 months 18 days

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Fair Value - Held-to-maturity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities Held-to-Maturity
Amortized cost	$ 95,505	$ 99,415
Gross unrealized (losses)	(15,973)	(18,254)
Securities held-to-maturity, fair value	79,532	81,161
Securities held-to-maturity, fair value.	79,532
U.S. Treasuries
Securities Held-to-Maturity
Amortized cost	6,001	6,000
Gross unrealized (losses)	(667)	(840)
Securities held-to-maturity, fair value		5,160
Securities held-to-maturity, fair value.	5,334
U.S. government and federal agencies
Securities Held-to-Maturity
Amortized cost	35,434	35,551
Gross unrealized (losses)	(5,100)	(6,135)
Securities held-to-maturity, fair value		29,416
Securities held-to-maturity, fair value.	30,334
Collateralized mortgage obligations
Securities Held-to-Maturity
Amortized cost	19,395	21,275
Gross unrealized (losses)	(4,095)	(4,227)
Securities held-to-maturity, fair value		17,048
Securities held-to-maturity, fair value.	15,300
Taxable municipal
Securities Held-to-Maturity
Amortized cost	6,057	6,073
Gross unrealized (losses)	(1,101)	(1,364)
Securities held-to-maturity, fair value		4,709
Securities held-to-maturity, fair value.	4,956
Mortgage-backed
Securities Held-to-Maturity
Amortized cost	28,618	30,516
Gross unrealized (losses)	(5,010)	(5,688)
Securities held-to-maturity, fair value		$ 24,828
Securities held-to-maturity, fair value.	$ 23,608

Investment Securities - Secur_2

Investment Securities - Securities in a Gross Unrealized Loss Position - Held-to-maturity Securities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Schedule of Held-to-Maturity Securities [Line Items]
Fair value, less than 12 months	$ 825
Fair value, 12 months or longer	80,336
Fair value	81,161
Gross unrealized losses, less than 12 months	(159)
Gross unrealized losses, 12 months or longer	(18,095)
Gross unrealized losses	(18,254)
U.S. Treasuries
Schedule of Held-to-Maturity Securities [Line Items]
Fair value	5,160
Gross unrealized losses, less than 12 months	(840)
Gross unrealized losses, 12 months or longer	5,160
Gross unrealized losses	(840)
U.S. government and federal agencies
Schedule of Held-to-Maturity Securities [Line Items]
Fair value	29,416
Gross unrealized losses, less than 12 months	(6,135)
Gross unrealized losses, 12 months or longer	29,416
Gross unrealized losses	(6,135)
Corporate bonds
Schedule of Held-to-Maturity Securities [Line Items]
Fair value	2,614
Collateralized mortgage obligations
Schedule of Held-to-Maturity Securities [Line Items]
Fair value	17,048
Gross unrealized losses, less than 12 months	(4,227)
Gross unrealized losses, 12 months or longer	17,048
Gross unrealized losses	(4,227)
Tax-exempt municipal
Schedule of Held-to-Maturity Securities [Line Items]
Fair value	4,645
Taxable municipal
Schedule of Held-to-Maturity Securities [Line Items]
Fair value	4,709
Gross unrealized losses, less than 12 months	(1,364)
Gross unrealized losses, 12 months or longer	4,709
Gross unrealized losses	(1,364)
Mortgage-backed
Schedule of Held-to-Maturity Securities [Line Items]
Fair value, less than 12 months	825
Fair value, 12 months or longer	(159)
Fair value	24,003
Gross unrealized losses, less than 12 months	(5,529)
Gross unrealized losses, 12 months or longer	24,828
Gross unrealized losses	$ (5,688)

Investment Securities - Contr_2

Investment Securities - Contractual Maturities of Investment Securities - Held-to-maturity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Held-to-maturity, Amortized Cost
Due after one year through five years	$ 22,153
Due after five years through ten years	23,492
Due after ten years	49,860
Total Held-to-maturity Securities	95,505
Held-to-maturity, Fair Value
Due after one year through five years	19,600
Due after five years through ten years	19,766
Due after ten years	40,166
Total Held-to-maturity Securities	$ 79,532
Weighted average remaining life	6 years 8 months 12 days	7 years 3 months 18 days

Investment Securities - Additio

Investment Securities - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale
Available-for-sale securities sold at par value	$ 173,200
Debt Securities, Available-for-Sale, Realized Gain (Loss)
Debt securities, available-for-sale, realized gain (loss)	$ (17,300)
Number of securities in unrealized loss position | security	158	98
Allowance for credit loss	$ 0
Allowance for loan losses		$ 20,208	$ 20,032

Investment Securities - Pledged

Investment Securities - Pledged Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment Securities
Available-for-sale, at fair value		$ 357,576
Securities held-to-maturity, fair value	$ 79,532	81,161
Amortized cost		394,213
Amortized cost	95,505	99,415
Asset Pledged as Collateral without Right | Deposits
Investment Securities
Available-for-sale, at fair value	90,300	83,400
Securities held-to-maturity, fair value	36,100	31,000
Amortized cost	95,800	91,000
Amortized cost	$ 42,300	$ 37,700

Investment Securities - Restric

Investment Securities - Restricted Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment Securities
Federal Reserve Bank Stock	$ 3,310	$ 3,292
Federal Home Loan Bank Stock	1,642	1,073
Community Bankers' Bank Stock	60	60
Total Restricted Securities	$ 5,012	$ 4,425

Investment Securities - Equity

Investment Securities - Equity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Equity Securities
Equity securities with readily determinable fair values	$ 2,792	$ 2,115
Equity Securities, Realized Gain (Loss)
Gain (loss) on investments	$ 317	$ (354)

Loans (Details)

Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans		$ 1,785,448
Total Gross Loans.	$ 1,854,984
Less: Allowance for loan credit losses		(20,208)	$ (20,032)
Less: Allowance for loan credit losses	(19,543)
Net deferred loan costs		4,060
Net deferred loan costs.	4,983
Total net loans		1,769,300
Total net loans	1,840,424
Real Estate Loans | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans		1,118,127
Total Gross Loans.	1,146,116
Less: Allowance for loan credit losses		(13,205)	(13,091)
Real Estate Loans | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans		195,027
Total Gross Loans.	180,922
Less: Allowance for loan credit losses		(2,860)	(2,824)
Real Estate Loans | Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans		426,841
Total Gross Loans.	482,182
Less: Allowance for loan credit losses		(3,044)	(2,769)
Commercial - Non-Real Estate | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans		44,924
Total Gross Loans.	45,204
Less: Allowance for loan credit losses		(456)	(711)
Consumer - Non-Real Estate | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Gross Loans		529
Total Gross Loans.	$ 560
Less: Allowance for loan credit losses		$ (5)	$ (5)

Allowance for Loan Credit Los_3

Allowance for Loan Credit Losses - Allowance for loan losses activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance (prior to adoption)	$ 20,208	$ 20,032
Charge-offs		(1)
Recoveries		2
Provision for (recovery of) credit losses		175
Ending Balance (prior to adoption)		20,208
Beginning Balance	20,208
Recoveries	2
Provision for (recovery of) credit losses	(2,832)
Ending balance	19,543	20,208
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	2,165
Ending balance		2,165
Real Estate Loans | Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance (prior to adoption)	13,205	13,091
Charge-offs		(1)
Provision for (recovery of) credit losses		115
Ending Balance (prior to adoption)		13,205
Beginning Balance	13,205
Provision for (recovery of) credit losses	2,285
Ending balance	12,841	13,205
Real Estate Loans | Commercial Real Estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	(2,649)
Ending balance		(2,649)
Real Estate Loans | Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance (prior to adoption)	2,860	2,824
Provision for (recovery of) credit losses		36
Ending Balance (prior to adoption)		2,860
Beginning Balance	2,860
Provision for (recovery of) credit losses	(1,549)
Ending balance	1,787	2,860
Real Estate Loans | Construction and land development | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	476
Ending balance		476
Real Estate Loans | Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance (prior to adoption)	3,044	2,769
Provision for (recovery of) credit losses		275
Ending Balance (prior to adoption)		3,044
Beginning Balance	3,044
Provision for (recovery of) credit losses	(3,273)
Ending balance	4,323	3,044
Real Estate Loans | Residential Real Estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	4,552
Ending balance		4,552
Commercial - Non-Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance (prior to adoption)	456	711
Recoveries		2
Provision for (recovery of) credit losses		(257)
Ending Balance (prior to adoption)		456
Beginning Balance	456
Recoveries	2
Provision for (recovery of) credit losses	(330)
Ending balance	495	456
Commercial - Non-Real Estate | Commercial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	367
Ending balance		367
Consumer - Non-Real Estate | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance (prior to adoption)	5	5
Ending Balance (prior to adoption)		5
Beginning Balance	5
Provision for (recovery of) credit losses	35
Ending balance	97	5
Consumer - Non-Real Estate | Consumer | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	57
Ending balance		57
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance (prior to adoption)	638	632
Provision for (recovery of) credit losses		6
Ending Balance (prior to adoption)		638
Beginning Balance	638
Ending balance		638
Unallocated | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	$ (638)
Ending balance		$ (638)

Allowance for Loan Credit Los_4

Allowance for Loan Credit Losses - Allowance and loans by impairment methodology (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	$ 0
Collectively evaluated for impairment		$ 20,208
Total allowance		20,208	$ 20,032
Individually evaluated for impairment		418
Collectively evaluated for impairment		1,785,030
Total loans		1,785,448
Real Estate Loans | Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		13,205
Total allowance		13,205	13,091
Collectively evaluated for impairment		1,118,127
Total loans		1,118,127
Real Estate Loans | Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		2,860
Total allowance		2,860	2,824
Collectively evaluated for impairment		195,027
Total loans		195,027
Real Estate Loans | Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		3,044
Total allowance		3,044	2,769
Individually evaluated for impairment		418
Collectively evaluated for impairment		426,423
Total loans		426,841
Commercial - Non-Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		456
Total allowance		456	711
Collectively evaluated for impairment		44,924
Total loans		44,924
Consumer - Non-Real Estate | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		5
Total allowance		5	5
Collectively evaluated for impairment		529
Total loans		529
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		638
Total allowance		$ 638	$ 632

Allowance for Loan Credit Los_5

Allowance for Loan Credit Losses - Impaired loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 418
Recorded Investment with No Allowances	418
Total Recorded Investment	418
Average Recorded Investment	427
Interest Income Recognized	15
Real Estate Loans | Residential Real Estate
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	418
Recorded Investment with No Allowances	418
Total Recorded Investment	418
Average Recorded Investment	427
Interest Income Recognized	$ 15

Allowance for Loan Credit Los_6

Allowance for Loan Credit Losses - Past due and non-accrual loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing receivable, past due
Current	$ 1,854,984	$ 1,785,448
Total loans	1,854,984
Total loans (prior to adoption)		1,785,448
Commercial Real Estate | Real Estate Loans
Financing receivable, past due
Current	1,146,116	1,118,127
Total loans	1,146,116
Total loans (prior to adoption)		1,118,127
Construction and land development | Real Estate Loans
Financing receivable, past due
Current	180,922	195,027
Total loans	180,922
Total loans (prior to adoption)		195,027
Residential Real Estate | Real Estate Loans
Financing receivable, past due
Current	482,182	426,841
Total loans	482,182
Total loans (prior to adoption)		426,841
Commercial | Commercial - Non-Real Estate
Financing receivable, past due
Current	45,204	44,924
Total loans	45,204
Total loans (prior to adoption)		44,924
Consumer | Consumer - Non-Real Estate
Financing receivable, past due
Current	560	529
Total loans	$ 560
Total loans (prior to adoption)		$ 529

Allowance for Loan Credit Los_7

Allowance for Loan Credit Losses - Credit quality indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing receivable, credit quality indicator
Total loans (prior to adoption)		$ 1,785,448
Total	$ 1,859,967
Commercial Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans (prior to adoption)		1,118,127
2023	67,675
2022	315,444
2021	201,801
2020	127,065
2019	96,424
Prior	334,132
Revolving	3,575
Total	1,146,116
Construction and land development | Real Estate Loans
Financing receivable, credit quality indicator
Total loans (prior to adoption)		195,027
2023	47,253
2022	56,408
2021	33,827
2020	9,360
2019	2,137
Prior	7,046
Revolving	24,891
Total	180,922
Residential Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans (prior to adoption)		426,841
2023	83,060
2022	114,865
2021	133,188
2020	87,275
2019	24,883
Prior	21,380
Revolving	17,531
Total	482,182
Commercial | Commercial - Non-Real Estate
Financing receivable, credit quality indicator
Total loans (prior to adoption)		44,924
2023	7,564
2022	6,838
2021	1,959
2020	3,207
2019	4,482
Prior	4,787
Revolving	16,367
Total	45,204
Consumer | Consumer - Non-Real Estate
Financing receivable, credit quality indicator
Total loans (prior to adoption)		529
2023	485
2022	6
2021	26
Prior	10
Revolving	33
Total	560
Pass
Financing receivable, credit quality indicator
Total loans (prior to adoption)		1,782,061
Pass | Commercial Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans (prior to adoption)		1,116,890
2023	67,675
2022	302,342
2021	201,801
2020	125,828
2019	96,424
Prior	334,132
Revolving	3,575
Total	1,131,777
Pass | Construction and land development | Real Estate Loans
Financing receivable, credit quality indicator
Total loans (prior to adoption)		192,877
2023	47,253
2022	56,408
2021	33,827
2020	9,360
2019	8
Prior	7,046
Revolving	24,891
Total	178,793
Pass | Residential Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans (prior to adoption)		426,841
2023	83,060
2022	114,865
2021	133,188
2020	87,275
2019	24,883
Prior	21,380
Revolving	17,531
Total	482,182
Pass | Commercial | Commercial - Non-Real Estate
Financing receivable, credit quality indicator
Total loans (prior to adoption)		44,924
2023	7,564
2022	6,838
2021	1,959
2020	3,207
2019	4,482
Prior	4,787
Revolving	16,367
Total	45,204
Pass | Consumer | Consumer - Non-Real Estate
Financing receivable, credit quality indicator
Total loans (prior to adoption)		529
2023	485
2022	6
2021	26
Prior	10
Revolving	33
Total	560
Special Mention
Financing receivable, credit quality indicator
Total loans (prior to adoption)		3,387
Special Mention | Commercial Real Estate | Real Estate Loans
Financing receivable, credit quality indicator
Total loans (prior to adoption)		1,237
2022	13,102
2020	1,237
Total	14,339
Special Mention | Construction and land development | Real Estate Loans
Financing receivable, credit quality indicator
Total loans (prior to adoption)		$ 2,150
2019	2,129
Total	$ 2,129

Allowance for Loan Credit Los_8

Allowance for Loan Credit Losses - TDRs, prior to adoption (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 loan	Dec. 31, 2022 USD ($) loan
Allowance for Loan Credit Losses
Recorded investment in TDR's		$ 418
Number of loans modified in TDRs | loan	0	0
Number of financing receivable contracts | loan		0
Additional commitments funds		$ 0
Total Recorded Investment		$ 418

Allowance for Loan Credit Los_9

Allowance for Loan Credit Losses - Unfunded Commitments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	$ 20,208
Recovery of credit losses	3,252
Ending balance	19,543
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	2,165
Unfunded loan commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	303
Recovery of credit losses	(420)
Ending balance	620
Unfunded loan commitments | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	$ 737

Derivatives (Details)

Derivatives (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Interest Rate Swap
Derivatives
Notional amount	$ 38,888	$ 27,534
Years to maturity	3 years 2 months 12 days	2 years 9 months 18 days
Derivative, average variable interest rate (as a percent)	4.63%	4.31%
Derivative, average fixed interest rate (as a percent)	4.63%	4.31%
Pay fixed/receive variable swaps
Derivatives
Notional amount	$ 19,444	$ 13,767
Estimated fair value, assets	$ 846
Estimated fair value, (liabilities)		$ 1,217
Years to maturity	3 years 2 months 12 days	2 years 9 months 18 days
Derivative, average variable interest rate (as a percent)	5.87%	6.02%
Derivative, average fixed interest rate (as a percent)	3.39%	2.59%
Pay variable/receive fixed swaps
Derivatives
Notional amount	$ 19,444	$ 13,767
Estimated fair value, assets	$ (846)
Estimated fair value, (liabilities)		$ (1,217)
Years to maturity	3 years 2 months 12 days	2 years 9 months 18 days
Derivative, average variable interest rate (as a percent)	3.39%	2.59%
Derivative, average fixed interest rate (as a percent)	5.87%	6.02%

Bank Premises and Equipment, _3

Bank Premises and Equipment, Net - Tabular Disclosure (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Bank Premises and Equipment, Net
Total Bank Premises and Equipment	$ 9,631	$ 9,141
Less: Accumulated depreciation	(8,350)	(7,922)
Total Bank Premises and Equipment, Net	1,281	1,219
Leasehold improvements
Bank Premises and Equipment, Net
Total Bank Premises and Equipment	2,910	2,873
Furniture and equipment
Bank Premises and Equipment, Net
Total Bank Premises and Equipment	$ 6,721	$ 6,268

Bank Premises and Equipment, _4

Bank Premises and Equipment, Net - Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation
Depreciation	$ 484	$ 557

Deposits and Borrowings - Depos

Deposits and Borrowings - Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits:
Non-interest bearing demand deposits	$ 411,374	$ 476,697
Interest-bearing demand deposits	607,971	691,945
Savings deposits	52,061	95,241
Time deposits	835,194	803,857
Total deposits	$ 1,906,600	$ 2,067,740

Deposits and Borrowings - Short

Deposits and Borrowings - Short- term Debt and Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Carrying Value - Short-term Debt	$ 54,000
Carrying Value - Long-term Debt	$ 24,708	$ 24,624
Federal Reserve Bank borrowings
Debt Instrument [Line Items]
Stated Interest Rates	4.80%
Weighted-Average Interest Rate	4.80%
Carrying Value - Short-term Debt	$ 54,000
Subordinated debt
Debt Instrument [Line Items]
Stated Interest Rates	5.25%
Weighted-Average Interest Rate	5.25%
Carrying Value - Long-term Debt	$ 24,708	$ 24,624

Deposits and Borrowings - Addit

Deposits and Borrowings - Additional Information (Details) $ in Thousands			12 Months Ended
	Mar. 15, 2023 USD ($)	Jul. 15, 2022 USD ($)	Dec. 31, 2023 USD ($) customer	Dec. 31, 2022 USD ($)	Jun. 15, 2022 USD ($)
Debt instrument
Overdraft demand deposits reclassified to loans			$ 1	$ 1
Certificate of deposits			359,300	318,700
Brokered deposits			320,600	352,000
Reciprocal certificates of deposits			45,600	25,700
Reciprocal demand and money market deposit			$ 234,900	197,300
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			$ 436,900
Loans, net of unearned income			1,859,967
Proceeds from Federal Reserve Bank borrowings			54,000
Fair value of held-to-maturity Securities			79,532	$ 81,161
Federal Reserve Bank borrowings
Debt instrument
Stated Interest Rates	4.80%
Proceeds from Federal Reserve Bank borrowings	$ 54,000
Term of advance	1 year
Asset Pledged as Collateral without Right [Member] | Federal Reserve Bank borrowings
Debt instrument
Held-to-maturity securities at amortized cost			54,600
Fair value of held-to-maturity Securities			44,600
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			$ 110,000
Line of credit			$ 10,000
Federal Reserve Bank borrowings
Debt instrument
Stated Interest Rates			4.80%
Maximum borrowing capacity			$ 22,800
Line of credit			0
Federal Reserve Bank borrowings | Asset Pledged as Collateral without Right [Member]
Debt instrument
Loans, net of unearned income			$ 30,900
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	Dec. 31, 2023 USD ($)
Contractual maturity
2024	$ 574,056
2025	181,797
2026	68,629
2027	10,165
2028	547
Total	$ 835,194

Leases - Assets and Liabilities

Leases - Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases
Operating Lease, Liability	$ 4,446	$ 4,858
Operating Lease, Right-of-Use Asset	$ 4,176	$ 4,611
Weighted average remaining lease term	3 years 10 months 20 days	4 years 29 days
Weighted average discount rate (as a percent)	3%	2.62%

Leases - Cost of Leases (Detail

Leases - Cost of Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lease, Cost
Operating lease cost	$ 1,392	$ 1,469
Total Lease Cost	$ 1,392	$ 1,469

Leases - Lease Maturity Schedul

Leases - Lease Maturity Schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, to be Paid
2024	$ 1,322
2025	1,319
2026	1,121
2027	429
2028	291
Thereafter	276
Total Undiscounted Cash Flows	4,758
Discount	(312)
Lease Liabilities	$ 4,446	$ 4,858

Leases - Leases (Details)

Leases - Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases
Cash paid for amounts included in measurement of lease liabilities	$ 1.4	$ 1.5
Rent expense	$ 1.5	$ 1.6

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets:
Allowance for loan credit losses	$ 4,477	$ 4,581
Lease liabilities	987	1,101
Share-based compensation expense	45	91
Unrealized losses on debt securities	3,257	7,628
Other	453	416
Total Deferred Tax Assets	9,219	13,817
Deferred Tax Liabilities:
Right-of-use assets	927	1,045
Depreciation	53	49
Net deferred loan costs	1,106	920
Other	76	62
Total Deferred Tax Liabilities	2,162	2,076
Net Deferred Tax Assets	$ 7,057	$ 11,741

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current Income Tax Expense (Benefit), Continuing Operations
Current tax expense	$ 1,902	$ 7,666
Deferred Income Tax Expense (Benefit), Continuing Operations
Deferred tax expense	921	594
Total Income Tax Expense	$ 2,823	$ 8,260

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Reconciliation
Computed "expected" tax expense	$ 1,676	$ 8,413
Bank-owned life insurance policy surrender	1,101
State income taxes, net of federal benefit	180	516
Bank-owned life insurance	(47)	(114)
Tax-exempt interest income	(69)	(158)
Excess tax benefit on share-based compensation	(19)	(427)
Other, net	1	30
Total Income Tax Expense	$ 2,823	$ 8,260

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks, face amount	$ 235,560	$ 240,084
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks, face amount	$ 16,329	$ 14,677

Fair Value Measurements - Fair

Fair Value Measurements - Fair value of assets measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities available-for-sale:
Securities available-for-sale, at fair value		$ 357,576
Equity securities, at fair value	$ 2,792	2,115
U.S. Treasuries
Securities available-for-sale:
Securities available-for-sale, at fair value		59,210
U.S. government and federal agencies
Securities available-for-sale:
Securities available-for-sale, at fair value		34,760
Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value		2,614
Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value		38,474
Tax-exempt municipal
Securities available-for-sale:
Securities available-for-sale, at fair value		4,645
Taxable municipal
Securities available-for-sale:
Securities available-for-sale, at fair value		579
Mortgage-backed
Securities available-for-sale:
Securities available-for-sale, at fair value		217,294
Fair Value, Recurring
Securities available-for-sale:
Equity securities, at fair value	2,792	2,115
Loan servicing rights	22
Total assets at fair value	173,653	360,908
Liabilities:
Total liabilities at fair value	846	1,217
Fair Value, Recurring | Interest Rate Swap [Member]
Securities available-for-sale:
Interest rate swap agreements	846	1,217
Liabilities:
Interest rate swap agreements	846	1,217
Fair Value, Recurring | U.S. Treasuries
Securities available-for-sale:
Securities available-for-sale, at fair value	42,977	59,210
Fair Value, Recurring | U.S. government and federal agencies
Securities available-for-sale:
Securities available-for-sale, at fair value	13,275	34,760
Fair Value, Recurring | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	2,523	2,614
Fair Value, Recurring | Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	34,310	38,474
Fair Value, Recurring | Tax-exempt municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	1,231	4,645
Fair Value, Recurring | Taxable municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	587	579
Fair Value, Recurring | Mortgage-backed
Securities available-for-sale:
Securities available-for-sale, at fair value	75,090	217,294
Fair Value, Recurring | Fair Value, Inputs, Level 1
Securities available-for-sale:
Equity securities, at fair value	2,792	2,115
Total assets at fair value	2,792	2,115
Fair Value, Recurring | Fair Value, Inputs, Level 2
Securities available-for-sale:
Total assets at fair value	170,839	358,793
Liabilities:
Total liabilities at fair value	846	1,217
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Interest Rate Swap [Member]
Securities available-for-sale:
Interest rate swap agreements	846	1,217
Liabilities:
Interest rate swap agreements	846	1,217
Fair Value, Recurring | Fair Value, Inputs, Level 2 | U.S. Treasuries
Securities available-for-sale:
Securities available-for-sale, at fair value	42,977	59,210
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	13,275	34,760
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Corporate bonds
Securities available-for-sale:
Securities available-for-sale, at fair value	2,523	2,614
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Collateralized mortgage obligations
Securities available-for-sale:
Securities available-for-sale, at fair value	34,310	38,474
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Tax-exempt municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	1,231	4,645
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Taxable municipal
Securities available-for-sale:
Securities available-for-sale, at fair value	587	579
Fair Value, Recurring | Fair Value, Inputs, Level 2 | Mortgage-backed
Securities available-for-sale:
Securities available-for-sale, at fair value	75,090	$ 217,294
Fair Value, Recurring | Fair Value, Inputs, Level 3
Securities available-for-sale:
Loan servicing rights	22
Total assets at fair value	$ 22

Fair Value Measurements - Carry

Fair Value Measurements - Carrying value and estimated fair value of financial instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities:
Available-for-sale		$ 357,576
Equity securities, at fair value	$ 2,792	2,115
Restricted securities, at cost	5,012	4,425
Carrying Value
Assets:
Cash and cash equivalents	99,005	61,599
Securities:
Available-for-sale	169,993	357,576
Held-to-maturity	95,505	99,415
Equity securities, at fair value	2,792	2,115
Restricted securities, at cost	5,012	4,425
Loans, net	1,840,424	1,769,300
Loan servicing rights	22
Bank owned life insurance		21,170
Accrued interest receivable	6,110	5,531
Liabilities:
Deposits	1,906,600	2,067,740
Federal Reserve Bank borrowings	54,000
Federal funds purchased	10,000
Subordinated debt	24,708	24,624
Federal funds purchased		25,500
Accrued interest payable	4,559	1,035
Carrying Value | Interest Rate Swap [Member]
Securities:
Interest rate swap agreements	846	1,217
Liabilities:
Interest rate swap agreements	846	1,217
Fair Value
Assets:
Cash and cash equivalents	99,005	61,599
Securities:
Available-for-sale	169,993	357,576
Held-to-maturity	79,532	81,161
Equity securities, at fair value	2,792	2,115
Restricted securities, at cost	5,012	4,425
Loans, net	1,730,205	1,676,887
Loan servicing rights	22
Bank owned life insurance		21,170
Accrued interest receivable	6,110	5,531
Liabilities:
Deposits	1,906,835	2,065,248
Federal Reserve Bank borrowings	54,000
Federal funds purchased	10,000
Subordinated debt	21,873	22,457
Federal funds purchased		25,500
Accrued interest payable	4,559	1,035
Fair Value | Interest Rate Swap [Member]
Securities:
Interest rate swap agreements	846	1,217
Liabilities:
Interest rate swap agreements	846	1,217
Fair Value, Inputs, Level 1 | Fair Value
Assets:
Cash and cash equivalents	99,005	61,599
Securities:
Equity securities, at fair value	2,792	2,115
Fair Value, Inputs, Level 2 | Fair Value
Securities:
Available-for-sale	169,993	357,576
Held-to-maturity	79,532	81,161
Restricted securities, at cost	5,012	4,425
Bank owned life insurance		21,170
Accrued interest receivable	6,110	5,531
Liabilities:
Deposits	1,906,835	2,065,248
Federal Reserve Bank borrowings	54,000
Federal funds purchased	10,000
Federal funds purchased		25,500
Accrued interest payable	4,559	1,035
Fair Value, Inputs, Level 2 | Fair Value | Interest Rate Swap [Member]
Securities:
Interest rate swap agreements	846	1,217
Liabilities:
Interest rate swap agreements	846	1,217
Fair Value, Inputs, Level 3 | Fair Value
Securities:
Loans, net	1,730,205	1,676,887
Loan servicing rights	22
Liabilities:
Subordinated debt	$ 21,873	$ 22,457

Fair Value Measurements - Addit

Fair Value Measurements - Additional information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value Measurements
Collateral dependent loans	$ 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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income available to common shareholders (in thousands):
Net Income (Loss)	$ 5,158	$ 31,803
Less: Income attributable to unvested restricted stock awards	(17)	(136)
Net income available to common shareholders	$ 5,141	$ 31,667
Weighted average shares outstanding:
Common shares outstanding, including unvested restricted stock	14,124,696	13,991,875
Less: Unvested restricted stock	(47,771)	(60,034)
Weighted-average common shares outstanding - basic	14,076,925	13,931,841
Earnings per common share - basic	$ 0.37	$ 2.27
Income available to common shareholders (in thousands):
Net Income (Loss)	$ 5,158	$ 31,803
Less: Income attributable to unvested restricted stock awards	(17)	(135)
Net income available to common shareholders	$ 5,141	$ 31,668
Weighted average shares outstanding:
Common shares outstanding, including unvested restricted stock	14,124,696	13,991,875
Less: Unvested restricted stock	(47,771)	(60,034)
Plus: Effect of dilutive options	70,268	152,586
Weighted-average common shares outstanding - diluted	14,147,193	14,084,427
Earnings per common share - diluted	$ 0.36	$ 2.25

Earnings per Common Share - Add

Earnings per Common Share - Additional information (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Employee Stock Option
Antidilutive securities excluded from computation of earnings per share
Antidilutive securities excluded from computation of earnings per share, amount	0	0

Stock Based Compensation Plan_2

Stock Based Compensation Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Apr. 28, 2015
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 370	$ 4,600
Share-based compensation expense	0	$ 0
Unrecognized share-based compensation expense	$ 0
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock grants	22,893	24,423
Weighted average grant date fair value, granted	$ 23.65	$ 27.44
Share-based compensation expense	$ 596	$ 573
Fair value of vested shares	717	$ 1,100
Unrecognized share-based compensation expense	$ 1,000
Recognition period	1 year 10 months 24 days
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 | Employee Stock Option
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	278,529
Vesting term	5 years
Expiration term	10 years
2015 Plan | Employee Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price of stock expressed in fair value percentage	100%
2015 Plan | Employee Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award	10 years
2006 Plan | Employee Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized	1,490,700

Stock Based Compensation Plan -

Stock Based Compensation Plan - Summary of Stock Options Activity (Details) - Employee Stock Option - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, beginning balance	189,934
Options granted	0	0
Options exercised	(27,375)
Options forfeited or expired	(412)
Options outstanding, ending balance	162,147	189,934
Options exercisable	162,147
Weighted average exercise price, beginning balance	$ 11.76
Weighted average exercise price, exercised	11.75
Weighted average exercise price, forfeited or expired	9.44
Weighted average exercise price, ending balance	11.77	$ 11.76
Weighted average exercise price, exercisable	$ 11.77
Aggregate intrinsic value outstanding	$ 1,749,454
Aggregate intrinsic value exercisable	$ 1,749,454

Stock Based Compensation Plan_3

Stock Based Compensation Plan - Summary of Stock Options Outstanding and Exercisable (Details) - Employee Stock Option - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options outstanding	162,147	189,934
Options outstanding, weighted average remaining contractual life (in years)	11 months 4 days
Options exercisable	162,147
Options exercisable, weighted average remaining contractual life (in years)	11 months 4 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	161,085
Options outstanding, weighted average remaining contractual life (in years)	11 months 1 day
Options exercisable	161,085
Options exercisable, weighted average remaining contractual life (in years)	11 months 1 day
$12.01 - $13.00
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price range minimum rate	$ 12.01
Exercise price range maximum rate	$ 13
Options outstanding	1,062
Options outstanding, weighted average remaining contractual life (in years)	11 months 23 days
Options exercisable	1,062
Options exercisable, weighted average remaining contractual life (in years)	11 months 23 days

Stock Based Compensation Plan_4

Stock Based Compensation Plan - Summary of Restricted Stock Awards (Details) - Restricted Stock Awards - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares outstanding, beginning balance	55,185
Nonvested shares, granted	22,893	24,423
Nonvested shares, vested	(30,390)
Nonvested shares, forfeited	(370)
Nonvested shares outstanding, ending balance	47,318	55,185
Weighted average grant date fair value outstanding, beginning balance	$ 21.80
Weighted average grant date fair value, granted	23.65	$ 27.44
Weighted average grant date fair value, vested	21.21
Weighted average grant date fair value, forfeited	15.50
Weighted average grant date fair value, ending balance	$ 23.12	$ 21.80

Employee Benefit Plans - Define

Employee Benefit Plans - Defined Contribution Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Contribution Plan
Discretionary contributions	$ 502	$ 474

Employee Benefit Plans - Deferr

Employee Benefit Plans - Deferred Compensation Arrangement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred Compensation Arrangements
Deferred compensation liability	$ 2,300	$ 1,900
Expenses for discretionary contributions	$ 297	$ 192
Vesting term	3 years

Regulatory Capital (Details)

Regulatory Capital (Details)	Dec. 31, 2023
Regulatory Capital
Capital conservation buffer ratio	0.025

Regulatory Capital - Schedule o

Regulatory Capital - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Total capital (to risk weighted assets)
Actual, Amount	$ 282,082	$ 283,471
Actual, Ratio	0.157	0.156
Minimum Capital Requirements, Amount	$ 188,448	$ 190,798
Minimum Capital Requirements, Ratio	0.105	0.105
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 179,475	$ 181,712
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100	0.100
Tier 1 capital (to risk weighted assets)
Actual, Amount	$ 263,637	$ 262,960
Actual, Ratio	0.147	0.144
Minimum Capital Requirements, Amount	$ 152,553	$ 155,219
Minimum Capital Requirements, Ratio	0.085	0.085
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 143,580	$ 146,089
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	$ 263,637	$ 262,960
Actual, Ratio	0.147	0.144
Minimum Capital Requirements, Amount	$ 125,632	$ 127,828
Minimum Capital Requirements, Ratio	0.070	0.070
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 116,658	$ 118,697
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.065	0.065
Tier 1 capital (to average assets)
Actual, Amount	$ 263,637	$ 262,960
Actual, Ratio	0.116	0.113
Minimum Capital Requirements, Amount	$ 91,163	$ 93,083
Minimum Capital Requirements, Ratio	0.040	0.040
Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 113,954	$ 116,354
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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Service charges on deposit accounts and Other service charges and fees
Bank owned life insurance	$ 224	$ 544
Losses on sale of available-for-sale securities	(17,316)
Gain on sale of government guaranteed loans	131
Non-qualified deferred compensation plan asset gains (losses), net	317	(354)
Other income	150	139
Total non-interest income (loss)	(14,940)	1,691
Overdrawn account fees
Service charges on deposit accounts and Other service charges and fees
Non-interest income	82	88
Account service fees
Service charges on deposit accounts and Other service charges and fees
Non-interest income	248	236
Interchange income
Service charges on deposit accounts and Other service charges and fees
Non-interest income	403	409
Other Charges and Fees
Service charges on deposit accounts and Other service charges and fees
Non-interest income	435	247
Insurance Commissions
Service charges on deposit accounts and Other service charges and fees
Non-interest income	$ 386	$ 382

Revenue - Additional informatio

Revenue - Additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue
Other operating income (loss)	$ 59	$ 12
Gain (loss) on fair value of adjustment on equity securities	$ 91	$ 127

Other Operating Expenses (Detai

Other Operating Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other Operating Expenses
Advertising expense	$ 288	$ 193
Data processing	1,936	1,940
FDIC insurance	1,041	605
Professional fees	329	1,231
State franchise tax	2,389	2,092
Director costs	876	810
Other operating expenses	1,531	1,595
Total other operating expenses	$ 8,390	$ 8,466

Low Income Housing Tax Credit_2

Low Income Housing Tax Credit Investments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) fund	Dec. 31, 2022 USD ($)
Low Income Housing Tax Credit Investments
Number of housing equity funds | fund	7
Investments in funds recorded as other assets	$ 4,700	$ 5,200
Tax credits and other tax benefits recognized	113	94
Additional capital calls expected for funds included in other liabilities	$ 2,500	$ 3,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 212,800	$ 208,470
Net change during the period	16,446	(28,297)
Ending balance	229,914	212,800
Debt securities, available-for-sale, realized gain (loss)	(17,300)
Gain (loss) on available-for-sale securities, related tax	3,600
Accumulated Other Comprehensive (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(28,697)	(400)
Net change during the period	16,446	(28,297)
Ending balance	(12,251)	(28,697)
Unrealized Gain (Loss) on Available-for-sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(28,942)	(789)
Net change during the period	16,542	(28,153)
Ending balance	(12,400)	(28,942)
Unrealized Gains on Securities Transferred from Available-for-sale to Held-to-maturity
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	245	389
Net change during the period	(96)	(144)
Ending balance	$ 149	$ 245

Parent Company Financials - Con

Parent Company Financials - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 7,424	$ 6,583
Equity securities, at fair value	2,792	2,115
Other assets	18,251	21,274
Total assets	2,242,549	2,348,235
Liabilities and Shareholders' Equity
Subordinated debt, net of unamortized issuance costs	24,708	24,624
Accrued interest payable	4,559	1,035
Other liabilities	8,322	11,678
Total liabilities	2,012,635	2,135,435
Total shareholders' equity	229,914	212,800	$ 208,470
Total liabilities and shareholders' equity	2,242,549	2,348,235
Parent Company
Assets
Cash and due from banks	4,874	3,588
Equity securities, at fair value	2,792	2,115
Investment in subsidiary	249,666	234,263
Other assets	448	366
Total assets	257,780	240,332
Liabilities and Shareholders' Equity
Subordinated debt, net of unamortized issuance costs	24,708	24,624
Accrued interest payable	656	715
Other liabilities	2,502	2,193
Total liabilities	27,866	27,532
Total shareholders' equity	229,914	212,800
Total liabilities and shareholders' equity	$ 257,780	$ 240,332

Parent Company Financials - C_2

Parent Company Financials - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income:
Other income	$ 150	$ 139
Total income	(14,940)	1,691
Expense:
Subordinated debt interest expense	1,396	1,810
Salaries and employee benefits	19,436	20,190
Other operating expenses	8,390	8,466
Total expense	30,815	31,874
Income tax benefit	2,823	8,260
Net income	5,158	31,803
Parent Company
Income:
Other income	317	(354)
Dividends from subsidiary	6,108	4,150
Total income	6,425	3,796
Expense:
Subordinated debt interest expense	1,396	1,810
Salaries and employee benefits	589	292
Other operating expenses	360	425
Total expense	2,345	2,527
Net income before income tax benefit and equity in undistributed earnings of subsidiary	4,080	1,269
Income tax benefit	425	605
Equity in undistributed earnings of subsidiary	653	29,929
Net income	$ 5,158	$ 31,803

Parent Company Financials - Sta

Parent Company Financials - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Net income	$ 5,158	$ 31,803
Adjustment to reconcile net income to net cash provided by (used in) operating activities:
Fair value adjustment on equity securities	(317)	354
Amortization of debt issuance costs	84	317
Deferred tax (benefit)	921	594
Changes in assets and liabilities:
Increase in other assets	(1,659)	(1,376)
Increase in other liabilities	(4,862)	(237)
Net cash provided by operating activities	18,004	33,155
Cash Flows from Investing Activities
Purchases of equity securities	(360)	(600)
Net cash (used in) investing activities	144,836	(270,872)
Cash Flows from Financing Activities
Issuance of common stock for share options exercised	320	3,058
Repurchase of shares for tax withholding on share-based compensation	(6)	(8)
Issuance of subordinated debt		24,579
Repayment of subordinated debt		25,000
Cash dividends paid	(3,108)	(2,799)
Net cash used in financing activities	(125,434)	193,517
Net increase in cash and cash equivalents	37,406	(44,200)
Cash and cash equivalents, beginning of period	61,599	105,799
Cash and cash equivalents, end of period	99,005	61,599
Parent Company [Member]
Cash Flows from Operating Activities
Net income	5,158	31,803
Adjustment to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed earnings of subsidiary	(653)	(29,929)
Fair value adjustment on equity securities	(317)	354
Amortization of debt issuance costs	84	317
Deferred tax (benefit)	(82)	(54)
Changes in assets and liabilities:
Increase in other assets		(2)
Increase in other liabilities	250	278
Net cash provided by operating activities	4,440	2,767
Cash Flows from Investing Activities
Purchases of equity securities	(360)	(600)
Net cash (used in) investing activities	(360)	(600)
Cash Flows from Financing Activities
Issuance of common stock for share options exercised	320	3,058
Repurchase of shares for tax withholding on share-based compensation	(6)	(8)
Issuance of subordinated debt		24,579
Repayment of subordinated debt		(25,000)
Cash dividends paid	(3,108)	(2,799)
Net cash used in financing activities	(2,794)	(170)
Net increase in cash and cash equivalents	1,286	1,997
Cash and cash equivalents, beginning of period	3,588	1,591
Cash and cash equivalents, end of period	$ 4,874	$ 3,588

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions
Loans	$ 12,900	$ 15,400
Principal additions	447
Principal payments	2,900
Deposits	$ 24,100	$ 28,700

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 5,158	$ 31,803

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false