Bank First (BFC) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 09, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-38676
Entity Registrant Name	Bank First Corp
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-1435359
Entity Address, Address Line One	402 North 8th Street
Entity Address, City or Town	Manitowoc
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	54220
City Area Code	920
Local Phone Number	652-3100
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BFC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,081,430
Entity Central Index Key	0001746109
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 36,059	$ 69,973
Interest-bearing deposits	47,315	177,495
Cash and cash equivalents	83,374	247,468
Securities held to maturity, at amortized cost ($110,867 and $103,626 fair value at March 31, 2024 and December 31, 2023, respectively)	111,732	103,324
Securities available for sale, at fair value ($151,360 and $154,318 amortized cost at March 31, 2024 and December 31, 2023, respectively)	138,420	142,197
Loans held for sale	1,293	3,012
Loans	3,383,395	3,342,974
Allowance for credit losses - loans ("ACL-Loans")	(44,378)	(43,609)
Loans, net	3,339,017	3,299,365
Premises and equipment, net	69,621	69,891
Goodwill	175,106	175,106
Other investments	21,290	21,366
Cash value of life insurance	61,697	61,292
Core deposit intangibles, net	25,496	26,996
Mortgage servicing rights ("MSR")	13,356	13,668
Other real estate owned ("OREO")	2,674	2,573
Investment in minority-owned subsidiaries	33,372	32,926
Other assets	23,476	22,658
TOTAL ASSETS	4,099,924	4,221,842
Deposits:
Interest-bearing deposits	2,425,550	2,382,185
Noninterest-bearing deposits	990,489	1,050,735
Total deposits	3,416,039	3,432,920
Securities sold under repurchase agreements		75,747
Notes payable	35,295	35,270
Subordinated notes	12,000	12,000
Junior subordinated debenture		4,124
Other liabilities	27,260	41,983
Total liabilities	3,490,594	3,602,044
Stockholders' equity:
Serial preferred stock - $0.01 par value; Authorized - 5,000,000 shares
Common stock - $0.01 par value; Authorized - 20,000,000 shares; Issued - 11,515,130 and 11,515,130 shares as of March 31, 2024 and December 31, 2023, respectively; Outstanding - 10,129,190 and 10,365,131 shares as of March 31, 2024 and December 31, 2023, respectively	115	115
Additional paid-in capital	332,224	333,815
Retained earnings	359,872	348,001
Treasury stock, at cost - 1,385,940 and 1,149,999 shares as of March 31, 2024 and December 31, 2023, respectively	(73,470)	(53,387)
Accumulated other comprehensive loss	(9,411)	(8,746)
Total stockholders' equity	609,330	619,798
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 4,099,924	$ 4,221,842

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Consolidated Balance Sheets
Securities held to maturity, fair value	$ 110,867	$ 103,626
Securities available for sale, amortized cost	$ 151,360	$ 154,318
Serial preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Serial preferred stock, shares authorized	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	11,515,130
Common stock, shares outstanding	10,129,190	10,365,131
Treasury stock, shares	1,385,940	1,149,999

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 44,875	$ 38,091
Securities:
Taxable	2,887	2,076
Tax-exempt	245	303
Other	1,265	432
Total interest income	49,272	40,902
Interest expense:
Deposits	15,392	7,450
Securities sold under repurchase agreements	22	561
Borrowed funds	509	657
Total interest expense	15,923	8,668
Net interest income	33,349	32,234
Provision for credit losses	200	4,182
Net interest income after provision for credit losses	33,149	28,052
Noninterest income:
Service charges	1,634	1,599
Income from Ansay and Associates, LLC ("Ansay")	979	1,071
Income from UFS, LLC ("UFS")		890
Loan servicing income	726	636
Valuation adjustment on MSR	(312)	779
Net gain on sales of mortgage loans	219	140
Other	1,151	734
Total noninterest income	4,397	5,849
Noninterest expense:
Salaries, commissions, and employee benefits	10,893	9,912
Occupancy	1,584	1,591
Data processing	2,389	1,864
Postage, stationery, and supplies	238	380
Net loss (gain) on sales and valuations of OREO	(47)
Net loss on sale of securities	34	75
Advertising	95	81
Charitable contributions	176	223
Outside service fees	1,293	2,202
Amortization of intangibles	1,500	1,422
Other	2,169	1,914
Total noninterest expense	20,324	19,664
Income before provision for income taxes	17,222	14,237
Provision for income taxes	1,810	3,557
Net Income	$ 15,412	$ 10,680
Earnings per share - basic	$ 1.51	$ 1.09
Earnings per share - diluted	$ 1.51	$ 1.09

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements of Comprehensive Income
Net Income	$ 15,412	$ 10,680
Unrealized gains (losses) on available for sale securities:
Unrealized holding gains (losses) arising during period	(853)	3,226
Reclassification adjustment for losses included in net income	34	75
Income tax benefit (expense)	154	(891)
Total other comprehensive income (loss)	(665)	2,410
Comprehensive income	$ 14,747	$ 13,090

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings Adoption of new accounting pronouncement	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Adoption of new accounting pronouncement	Total
Beginning balance at Dec. 31, 2022	$ 101	$ 218,263		$ 295,496	$ (45,191)	$ (15,566)		$ 453,103
Net Income				10,680				10,680
Other comprehensive income						2,410		2,410
Purchase of treasury stock					(6,727)			(6,727)
Sale of treasury stock					37			37
Cash dividends				(2,616)				(2,616)
Amortization of stock-based compensation		456						456
Vesting of restricted stock awards		(1,585)			1,585
Shares issued in the acquisition	14	115,065						115,079
Ending balance at Mar. 31, 2023	115	332,199	$ (10,050)	293,510	(50,296)	(13,156)	$ (10,050)	562,372
Beginning balance at Dec. 31, 2023	115	333,815		348,001	(53,387)	(8,746)		619,798
Net Income				15,412				15,412
Other comprehensive income						(665)		(665)
Purchase of treasury stock					(22,283)			(22,283)
Sale of treasury stock					55			55
Cash dividends				(3,541)				(3,541)
Amortization of stock-based compensation		554						554
Vesting of restricted stock awards		(2,145)			2,145
Ending balance at Mar. 31, 2024	$ 115	$ 332,224		$ 359,872	$ (73,470)	$ (9,411)		$ 609,330

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash dividends, per share	$ 0.35	$ 0.25
Hometown Bancorp, Ltd.
Shares issued in the acquisition (in shares)		1,450,272

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 15,412	$ 10,680
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	200	4,182	$ 4,682
Depreciation and amortization of premises and equipment	564	494
Amortization of intangibles	1,500	1,422
Net amortization (accretion) of securities	(1,090)	(400)
Amortization of stock-based compensation	554	456
Accretion of purchase accounting valuations	(1,170)	(2,078)
Net change in deferred loan fees and costs	(133)	(150)
Change in fair value of MSR and other investments	388	(1,024)
Loss (gain) from sale and disposal of premises and equipment and valuation allowance	170
Net loss (gain) on sale of OREO and valuation allowance	(47)
Proceeds from sales of mortgage loans	18,516	9,478
Originations of mortgage loans held for sale	(16,578)	(11,033)
Gain on sales of mortgage loans	(219)	(140)
Realized loss on sale of securities	34	75
Net earnings on life insurance	(405)	(346)
Decrease (increase) in other assets	(664)	(3,444)
Increase (decrease) in other liabilities	(14,724)	(2,097)
Net cash provided by operating activities	1,329	4,114
Cash flows from investing activities, net of effects of business combination:
Activity in securities available for sale and held to maturity: Sales	10,206	34,197
Activity in securities available for sale and held to maturity: Maturities, prepayments, and calls	79,087	111,476
Activity in securities available for sale and held to maturity: Purchases	(93,687)
Net increase in loans	(38,551)	(24,789)
Proceeds from sale of OREO	261
Net sales of Federal Home Loan Bank ("FHLB") stock		262
Net purchases of Federal Reserve Bank ("FRB") stock		(3,925)
Purchases of premises and equipment	(778)	(2,704)
Net cash received in business combination		89,959
Net cash provided by (used in) investing activities	(42,929)	205,568
Cash flows from financing activities, net of effects of business combination:
Net increase (decrease) in deposits	(16,854)	(129,442)
Net increase (decrease) in securities sold under repurchase agreements	(75,747)	(50,560)
Proceeds from advances of notes payable		121,700
Repayment of notes payable		(91,734)
Repayment of junior subordinated debentures	(4,124)
Dividends paid	(3,541)	(2,616)
Proceeds from sales of common stock	55	37
Repurchase of common stock	(22,283)	(6,727)
Net cash provided by (used in) financing activities	(122,494)	(159,342)
Net increase (decrease) in cash and cash equivalents	(164,094)	50,340
Cash and cash equivalents at beginning of period	247,468	119,351	119,351
Cash and cash equivalents at end of period	83,374	169,691	$ 247,468
Cash paid during the period for:
Interest	15,779	7,108
Supplemental schedule of noncash activities:
MSR resulting from sale of loans	189	129
Change in unrealized gains and losses on investment securities available for sale, net of tax	(665)	2,410
Hometown
Acquisition:
Fair value of assets acquired		615,105
Fair value of liabilities assumed		549,564
Net assets acquired		$ 65,541
Common stock issued in acquisition		115,079,000
Joint Venture | UFS
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed income of joint venture		$ (890)
Cash flows from investing activities, net of effects of business combination:
Dividends received		597
Joint Venture | Ansay
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed income of joint venture	(979)	(1,071)
Cash flows from investing activities, net of effects of business combination:
Dividends received	$ 533	$ 495

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2024
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION Bank First Corporation (the “Company”) provides a variety of financial services to individual and corporate customers through its wholly-owned subsidiary, Bank First, N.A. (the “Bank”). The Bank operates as a full-service financial institution with a primary market area including, but not limited to, the counties in which the Bank’s branches are located. The Bank has twenty-six locations located in Manitowoc, Outagamie, Brown, Winnebago, Sheboygan, Shawano, Waupaca, Ozaukee, Monroe, Fond du Lac, Waushara, Dane, Columbia and Jefferson counties in Wisconsin. The Company and Bank are subject to the regulations of certain federal agencies and undergo periodic examinations by those regulatory authorities. These interim unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures required by GAAP have been omitted or abbreviated. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (“Annual Report”). The unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year. Critical Accounting Policies and Estimates The accounting and reporting policies of the Company conform to GAAP in the United States and general practices within the financial institution industry. To prepare financial statements in conformity with GAAP, management makes estimates, assumptions and judgments based on available information. These estimates, assumptions and judgments are based on information available as of the date of the financial statements and, as this information changes, actual results could differ from the estimates, assumptions and judgments reflected in the financial statement. As disclosed in the Company’s Annual Report, management has identified several accounting policies that, due to the estimates, assumptions and judgments inherent in those policies, are critical in understanding our financial statements. These include accounting for business combinations (primarily related to core deposit intangibles and acquired loans), accounting for the ACL-Loans, and the valuation and recording of deferred tax assets and liabilities. ​ There have been no material changes or developments with respect to the assumptions or methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as previously disclosed in the Company’s Annual Report. Recently Issued Not Yet Effective Accounting Standards In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. Reference rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2024
ACQUISITIONS
ACQUISITIONS	NOTE 2 – ACQUISITIONS On February 10, 2023, the Company completed a merger with Hometown Bancorp, Ltd. (“Hometown”), a bank holding company headquartered in Fond du Lac, Wisconsin, pursuant to the Agreement and Plan of Bank Merger (“Merger Agreement”), dated as of July 25, 2022 by and among the Company and Hometown, whereby Hometown merged with and into the Company, and Hometown Bank, Hometown’s wholly-owned banking subsidiary, merged with and into the Bank. Hometown’s principal activity was the ownership and operation of Hometown Bank, a state-chartered banking institution that operated ten (10) branches in Wisconsin at the time of closing. The merger consideration totaled approximately $130.5 million. Pursuant to the terms of the Merger Agreement, Hometown shareholders could elect to receive either 0.3962 shares of the Company’s common stock or $29.16 in cash for each outstanding share of Hometown common stock, subject to a maximum of 30% cash consideration in total, with cash paid in lieu of any remaining fractional share. Company stock issued totaled 1,450,272 shares valued at approximately $115.1 million, with cash of $15.4 million comprising the remainder of merger consideration. The fair value of the assets acquired and liabilities assumed on February 10, 2023 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As Recorded by Fair Value ​ As Recorded by ​ ​ Hometown Adjustments the Company Cash, cash equivalents and securities ​ $ 174,582 ​ $ (1,010) ​ $ 173,572 Other investments ​ 1,195 ​ — ​ ​ 1,195 Loans, net ​ 406,168 ​ (10,367) ​ ​ 395,801 Premises and equipment, net ​ 7,577 ​ (1,109) ​ ​ 6,468 Core deposit intangible ​ 405 ​ 16,085 ​ ​ 16,490 Other assets ​ 28,011 ​ (6,432) ​ ​ 21,579 Total assets acquired ​ $ 617,938 ​ $ (2,833) ​ $ 615,105 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 532,165 ​ $ 209 ​ $ 532,374 Other borrowings ​ 5,000 ​ (331) ​ 4,669 Junior subordinated debentures ​ ​ 12,372 ​ ​ (1,464) ​ ​ 10,908 Other liabilities ​ 469 ​ 1,144 ​ 1,613 Total liabilities assumed ​ $ 550,006 ​ $ (442) ​ $ 549,564 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Excess of assets acquired over liabilities assumed ​ $ 67,932 ​ $ (2,391) ​ $ 65,541 Less: purchase price ​ ​ ​ 130,452 Goodwill ​ ​ ​ ​ ​ ​ ​ ​ 64,911 Refinement to fair value estimates (1) ​ ​ ​ ​ ​ ​ ​ ​ (30) Goodwill (after refinement) ​ ​ ​ $ 64,881 (1) Refinement consists of adjustments to the initial fair value estimates of other assets and liabilities. ​ The Company purchased loans through the acquisition of Hometown for which there was, at the date of acquisition, more than insignificant deterioration of credit quality since origination (PCD Loans). The carrying amount of these loans at acquisition was as follows: ​ ​ ​ ​ ​ ​ February 10, 2023 Purchase price of PCD loans at acquisition ​ $ 25,778 Non-credit discount on PCD loans at acquisition ​ ​ 4,498 Allowance for credit losses on PCD loans at acquisition ​ ​ 5,534 Par value of PCD acquired loans at acquisition ​ $ 35,810 ​ The Company accounted for this transaction under the acquisition method of accounting, and thus, the financial position and results of operations of Hometown prior to the consummation date was not included in the accompanying consolidated financial statements. The accounting required assets purchased and liabilities assumed to be recorded at their respective fair values at the date of acquisition. The Company determined the fair value of core deposit intangibles, securities, premises and equipment, loans, other assets and liabilities and deposits with the assistance of third-party valuations, appraisals and third-party advisors. The estimated fair values were subject to refinement for up to one year after deal consummation as additional information became available relative to the closing date fair values. For more information concerning the Company’s acquisitions, see “Note 2 – Acquisition” in the Company’s audited consolidated financial statements included in the Company’s Annual Report.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2024
EARNINGS PER SHARE
EARNINGS PER SHARE	​ NOTE 3 – EARNINGS PER SHARE The two-class method is used in the calculation of basic and diluted earnings per share. Under the two-class method, earnings available to common shareholders for the period are allocated between common shareholders and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings. There were no anti-dilutive stock options for the three months ended March 31, 2024 or 2023. The following table presents the factors used in the earnings per share computations for the period indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2024 2023 Basic ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 15,412 ​ $ 10,680 Less: Earnings allocated to participating securities ​ ​ (84) ​ ​ (64) Net income allocated to common shareholders ​ $ 15,328 ​ $ 10,616 ​ ​ ​ ​ ​ Weighted average common shares outstanding including participating securities ​ ​ 10,233,347 ​ ​ 9,772,852 Less: Participating securities (1) ​ ​ (55,415) ​ ​ (58,668) Average shares ​ ​ 10,177,932 ​ ​ 9,714,184 ​ ​ ​ ​ ​ ​ ​ Basic earnings per common shares ​ $ 1.51 ​ $ 1.09 ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 15,412 ​ $ 10,680 ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding for basic earnings per common share ​ ​ 10,177,932 ​ ​ 9,714,184 Add: Dilutive effects of stock based compensation awards ​ ​ 23,441 ​ ​ 23,695 Average shares and dilutive potential common shares ​ ​ 10,201,373 ​ ​ 9,737,879 Diluted earnings per common share ​ $ 1.51 ​ $ 1.09 (1) Participating securities are restricted stock awards whereby the stock certificates have been issued, are included in outstanding shares, receive dividends and can be voted, but have not vested.

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2024
SECURITIES
SECURITIES	NOTE 4 – SECURITIES The following is a summary of available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ March 31, 2024 ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 30,389 ​ $ — ​ $ (3,344) ​ $ 27,045 ​ Obligations of states and political subdivisions ​ ​ 63,576 ​ ​ 16 ​ ​ (6,026) ​ ​ 57,566 ​ Mortgage-backed securities ​ ​ 36,733 ​ ​ 1 ​ ​ (1,959) ​ ​ 34,775 ​ Corporate notes ​ 20,662 ​ — ​ (1,628) ​ 19,034 ​ Total available for sale securities ​ $ 151,360 ​ $ 17 ​ $ (12,957) ​ $ 138,420 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 31,453 ​ $ 4 ​ $ (3,163) ​ $ 28,294 ​ Obligations of states and political subdivisions ​ ​ 63,929 ​ ​ 77 ​ ​ (5,760) ​ ​ 58,246 ​ Mortgage-backed securities ​ 37,789 ​ 5 ​ (1,664) ​ 36,130 ​ Corporate notes ​ 20,657 ​ — ​ (1,619) ​ 19,038 ​ Certificates of deposit ​ ​ 490 ​ ​ — ​ ​ (1) ​ ​ 489 ​ Total available for sale securities ​ $ 154,318 ​ $ 86 ​ $ (12,207) ​ $ 142,197 ​ ​ The following is a summary of held to maturity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 107,871 ​ $ 671 ​ $ (1,536) ​ $ 107,006 Obligations of states and political subdivisions ​ ​ 3,861 ​ ​ — ​ ​ — ​ ​ 3,861 Total held to maturity securities ​ $ 111,732 ​ $ 671 ​ $ (1,536) ​ $ 110,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ U.S. Treasury securities ​ $ 99,173 ​ $ 1,372 ​ $ (1,070) ​ $ 99,475 Obligations of states and political subdivisions ​ ​ 4,151 ​ ​ — ​ ​ — ​ ​ 4,151 Total held to maturity securities ​ $ 103,324 ​ $ 1,372 ​ $ (1,070) ​ $ 103,626 ​ ​ The following table shows the fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ Greater Than 12 Months ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number ​ Fair Unrealized Fair Unrealized Fair ​ Unrealized ​ of ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ Securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 - Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies $ 8,519 ​ $ (272) ​ $ 18,526 ​ $ (3,072) ​ $ 27,045 ​ $ (3,344) ​ 27 Obligations of states and political subdivisions ​ 8,919 ​ ​ (96) ​ ​ 43,014 ​ ​ (5,930) ​ ​ 51,933 ​ ​ (6,026) ​ 70 Mortgage-backed securities 7,116 ​ (202) ​ 27,532 ​ (1,757) ​ 34,648 ​ (1,959) 107 Corporate notes 4,962 ​ (35) ​ 12,940 ​ (1,593) ​ 17,902 ​ (1,628) 10 Totals $ 29,516 ​ $ (605) ​ $ 102,012 ​ $ (12,352) ​ $ 131,528 ​ $ (12,957) 214 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 - Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities $ 49,015 ​ $ (527) ​ $ 30,465 ​ $ (1,009) ​ $ 79,480 ​ $ (1,536) ​ 51 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 - Available for Sale ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies $ 6,519 ​ $ (173) ​ $ 19,519 ​ $ (2,990) ​ $ 26,038 ​ $ (3,163) ​ 24 Obligations of states and political subdivisions ​ 6,806 ​ ​ (71) ​ ​ 40,959 ​ ​ (5,689) ​ ​ 47,765 ​ ​ (5,760) ​ 65 Mortgage-backed securities 5,751 ​ (95) ​ 28,693 ​ (1,569) ​ 34,444 ​ (1,664) 104 Corporate notes 4,926 ​ (68) ​ 12,487 ​ (1,551) ​ 17,413 ​ (1,619) 9 Certificate of deposits ​ — ​ ​ — ​ ​ 489 ​ ​ (1) ​ ​ 489 ​ ​ (1) ​ 2 Totals $ 24,002 ​ $ (407) ​ $ 102,147 ​ $ (11,800) ​ $ 126,149 ​ $ (12,207) ​ 204 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 - Held to Maturity ​ ​ ​ ​ ​ U.S. Treasury securities $ 31,785 ​ $ (99) ​ $ 35,362 ​ $ (971) ​ $ 67,147 ​ $ (1,070) ​ 49 Obligations of states and political subdivisions — ​ — ​ 220 ​ — ​ 220 ​ — ​ 1 Totals $ 31,785 ​ $ (99) ​ $ 35,582 ​ $ (971) ​ $ 67,367 ​ $ (1,070) ​ 50 ​ As of March 31, 2024, no allowance for credit losses has been recognized on available for sale securities in an unrealized loss position as the Company does not believe any of the debt securities are credit impaired. This is based on the Company’s analysis of the risk characteristics, including credit ratings, and other qualitative factors related to these securities. The issuers of these securities continue to make timely principal and interest payments under the contractual terms of the securities. As of March 31, 2024, the Company did not intend to sell these securities and it was more likely than not that the Company would not be required to sell the debt securities before recovery of their amortized cost, which may be at maturity. The unrealized losses have occurred as a result of changes in interest rates, market spreads and market conditions subsequent to purchase, not credit deterioration. Furthermore, based on its analysis the Company has determined that held to maturity securities have zero expected credit losses. U.S. Treasury securities have the full faith and credit backing of the United States Government. The following is a summary of amortized cost and estimated fair value of securities by contractual maturity as of March 31, 2024. Contractual maturities will differ from expected maturities for mortgage-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ Amortized Estimated Amortized Estimated ​ ​ Cost ​ Fair Value ​ Cost ​ Fair Value Due in one year or less ​ $ 7,300 ​ $ 7,260 ​ $ 21,171 ​ ​ 20,949 Due after one year through 5 years ​ 16,975 ​ 16,651 ​ ​ 54,677 ​ ​ 53,663 Due after 5 years through 10 years ​ 39,030 ​ 35,338 ​ ​ 35,884 ​ ​ 36,255 Due after 10 years ​ 51,322 ​ 44,396 ​ ​ — ​ ​ — Subtotal ​ 114,627 ​ 103,645 ​ ​ 111,732 ​ ​ 110,867 Mortgage-backed securities ​ 36,733 ​ 34,775 ​ ​ — ​ ​ — Total ​ $ 151,360 ​ $ 138,420 ​ $ 111,732 ​ $ 110,867 ​ As of March 31, 2024 and December 31, 2023, the carrying values of securities pledged to secure public deposits, securities sold under repurchase agreements, and for other purposes required or permitted by law were approximately $203.8 million and $204.8 million, respectively. ​ Sales of securities available for sale produced $10.2 million in proceeds with immaterial gross losses for three months ended March 31, 2024. Sales of securities available for sale produced $34.2 million in proceeds, $0.1 million in gross gains and $0.2 million in gross losses for the three months ended March 31, 2023.

LOANS, ALLOWANCE FOR CREDIT LOS

LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY	3 Months Ended
	Mar. 31, 2024
LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY	NOTE 5 – LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY The following table presents total loans by portfolio segment and class of loan as of March 31, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Commercial/industrial ​ $ 510,930 ​ $ 488,498 Commercial real estate - owner occupied ​ 892,994 ​ 893,977 Commercial real estate - non-owner occupied ​ 502,569 ​ 473,829 Multi-family ​ ​ 323,248 ​ ​ 332,959 Construction and development ​ 208,807 ​ 201,823 Residential 1‑4 family ​ 880,029 ​ 888,412 Consumer ​ 52,086 ​ 50,741 Other ​ 14,844 ​ 14,980 Subtotals ​ 3,385,507 ​ 3,345,219 ACL - Loans ​ (44,378) ​ (43,609) Loans, net of ACL - Loans ​ 3,341,129 ​ 3,301,610 Deferred loan fees, net ​ (2,112) ​ (2,245) Loans, net ​ $ 3,339,017 ​ $ 3,299,365 ​ The ACL - Loans is based on the Company’s evaluation of historical default and loss experience, current and projected economic conditions, asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay a loan, the estimated value of any underlying collateral, composition of the loan portfolio and other relevant factors. More information regarding the Company’s methodology related to the ACL-Loans can be found in the Company’s Annual Report. ​ The Company utilized the high-end range of the Federal Reserve Bank Open Market Committee forecast for national unemployment and the low-end range for national GDP growth at March 31, 2024 and December 31, 2023. As of March 31, 2024, the Company anticipates the national unemployment rate to rise during the forecast period and the national GDP growth rate to decline. Due to recent volatility in forecasts, the Company utilized long-term averages for the remaining loss drivers. ​ A summary of the activity in the ACL - Loans by loan type for the three months ended March 31, 2024 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate  - ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Owner ​ Non - Owner ​ Multi- ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Family ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total ACL - Loans - January 1, 2024 ​ $ 5,965 ​ $ 12,285 ​ $ 5,700 ​ $ 4,754 ​ $ 3,597 ​ $ 10,620 ​ $ 615 ​ $ 73 ​ $ 43,609 Charge-offs ​ (17) ​ ​ (1) ​ ​ — ​ ​ — ​ — ​ (1) ​ (4) ​ (29) ​ (52) Recoveries ​ 2 ​ ​ 611 ​ ​ — ​ ​ — ​ — ​ 3 ​ — ​ 5 ​ 621 Provision ​ (139) ​ ​ 547 ​ ​ 381 ​ ​ (153) ​ (359) ​ (122) ​ (7) ​ 52 ​ 200 ACL - Loans - March 31, 2024 ​ $ 5,811 ​ $ 13,442 ​ $ 6,081 ​ $ 4,601 ​ $ 3,238 ​ $ 10,500 ​ $ 604 ​ $ 101 ​ $ 44,378 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ A summary of the activity in the ACL – Loans by loan type for the three months ended March 31, 2023 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Owner ​ Non - Owner ​ Multi- ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Family ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total ACL - Loans - January 1, 2023 ​ $ 4,071 ​ $ 5,204 ​ $ 2,644 ​ $ 2,761 ​ $ 1,592 ​ $ 5,944 ​ $ 314 ​ $ 150 ​ $ 22,680 Adoption of CECL ​ ​ 1,859 ​ ​ 1,982 ​ ​ 1,161 ​ ​ 753 ​ ​ 2,063 ​ ​ 2,567 ​ ​ 620 ​ ​ (33) ​ ​ 10,972 ACL - Loans on PCD loans acquired ​ ​ 1,082 ​ ​ 4,424 ​ ​ — ​ ​ — ​ ​ — ​ ​ 28 ​ ​ — ​ ​ — ​ ​ 5,534 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — ​ (9) ​ (9) Recoveries ​ 1 ​ ​ 16 ​ ​ — ​ ​ — ​ — ​ 27 ​ 1 ​ 2 ​ 47 Provision ​ 211 ​ ​ 1,023 ​ ​ 795 ​ ​ 532 ​ (545) ​ 1,978 ​ 71 ​ 27 ​ 4,092 ACL - Loans - March 31, 2023 ​ $ 7,224 ​ $ 12,649 ​ $ 4,600 ​ $ 4,046 ​ $ 3,110 ​ $ 10,544 ​ $ 1,006 ​ $ 137 ​ $ 43,316 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In addition to the ACL-Loans, the Company has established an ACL-Unfunded Commitments, classified in other liabilities on the consolidated balance sheets. This allowance is maintained to absorb losses arising from unfunded loan commitments, and is determined quarterly based on methodology similar to the methodology for determining the ACL-Loans. The ACL - Unfunded Commitments was $3.8 million at March 31, 2024 and December 31, 2023. See Note 10 for further information on commitments. ​ The provision for credit losses is determined by the Company as the amount to be added to the ACL loss accounts for various types of financial instruments including loans, investment securities, and off-balance sheet credit exposures after net charge-offs have been deducted to bring the ACL to a level that, in management’s judgment, is necessary to absorb expected credit losses over the lives of the respective financial instruments. The following table presents the components of the provision for credit losses. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Year Ended ​ ​ March 31, 2024 ​ March 31, 2023 ​ December 31, 2023 Provision for credit losses on: ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ $ 200 ​ $ 4,092 ​ $ 4,292 Unfunded Commitments ​ ​ — ​ ​ 90 ​ ​ 390 Total provision for credit losses ​ $ 200 ​ $ 4,182 ​ $ 4,682 ​ The Company’s past due and non-accrual loans as of March 31, 2024 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ Non-Accrual ​ ​ 30-89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ with no ​ ​ Past Due ​ Past Due ​ Non- ​ ​ ​ ​ specifically ​ ​ Accruing ​ and Accruing ​ Accrual ​ Total ​ allocated ACL Commercial/industrial ​ $ 61 ​ $ — ​ $ 4,601 ​ $ 4,662 ​ $ — Commercial real estate - owner occupied ​ 179 ​ 1,560 ​ 2,754 ​ 4,493 ​ 14 Commercial real estate - non-owner occupied ​ 13 ​ — ​ — ​ 13 ​ — Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and development ​ 56 ​ — ​ — ​ 56 ​ — Residential 1‑4 family ​ 1,552 ​ 703 ​ 244 ​ 2,499 ​ 244 Consumer ​ 14 ​ 4 ​ 11 ​ 29 ​ 11 Other ​ — ​ — ​ — ​ — ​ — ​ ​ $ 1,875 ​ $ 2,267 ​ $ 7,610 ​ $ 11,752 ​ $ 269 ​ The Company’s past due and non-accrual loans as of December 31, 2023 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ Non-Accrual ​ ​ 30-89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ with no ​ ​ Past Due ​ Past Due ​ Non- ​ ​ ​ ​ specifically ​ ​ Accruing ​ and Accruing ​ Accrual ​ Total ​ allocated ACL Commercial/industrial ​ $ 4,303 ​ $ 106 ​ $ 1,344 ​ $ 5,753 ​ $ 365 Commercial real estate - owner occupied ​ 180 ​ 252 ​ 3,877 ​ 4,309 ​ 343 Commercial real estate - non-owner occupied ​ 14 ​ — ​ — ​ 14 ​ — Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and development ​ — ​ — ​ — ​ — ​ — Residential 1‑4 family ​ 871 ​ 507 ​ 429 ​ 1,807 ​ 394 Consumer ​ 68 ​ 28 ​ 12 ​ 108 ​ 11 Other ​ — ​ — ​ — ​ — ​ — ​ ​ $ 5,436 ​ $ 893 ​ $ 5,662 ​ $ 11,991 ​ $ 1,113 ​ Interest recognized on non-accrual loans is considered immaterial to the consolidated financial statements for the three months ended March 31, 2024 and 2023. ​ A loan is considered to be collateral dependent when, based upon management’s assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. For collateral dependent loans, expected credit losses are based on the estimated fair value of the collateral at the balance sheet date, with consideration for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. ​ ​ The following tables present collateral dependent loans by portfolio segment and collateral type, including those loans with and without a related allowance allocation. A significant portion of the loan balances in these tables and essentially all of the allowance allocations relate to PCD loans which were acquired from Hometown. Real estate collateral primarily consists of operating facilities of the underlying borrowers. Other business assets collateral primarily consists of equipment, receivables and inventory of the underlying borrowers. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateral Type ​ ​ ​ ​ ​ ​ ​ ​ ​ As of March 31, 2024 ​ ​ ​ ​ Other ​ ​ ​ ​ Without an ​ With an ​ Allowance ​ ​ Real Estate ​ Business Assets ​ Total ​ Allowance ​ Allowance ​ Allocation Commercial/industrial ​ $ — ​ $ 4,624 ​ $ 4,624 ​ $ — ​ $ 4,624 ​ $ 872 Commercial real estate - owner occupied ​ 9,344 ​ — ​ 9,344 ​ — ​ 9,344 ​ 4,321 Commercial real estate - non-owner occupied ​ — ​ — ​ — ​ — ​ — ​ — Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and development ​ 707 ​ — ​ 707 ​ 707 ​ — ​ — Residential 1‑4 family ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — Other ​ — ​ — ​ — ​ — ​ — ​ — Total Loans ​ $ 10,051 ​ $ 4,624 ​ $ 14,675 ​ $ 707 ​ $ 13,968 ​ $ 5,193 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateral Type ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ ​ ​ ​ Other ​ ​ ​ ​ Without an ​ With an ​ Allowance ​ ​ Real Estate ​ Business Assets ​ Total ​ Allowance ​ Allowance ​ Allocation Commercial/industrial ​ $ — ​ $ 5,320 ​ $ 5,320 ​ $ 47 ​ $ 5,273 ​ $ 1,089 Commercial real estate - owner occupied ​ 8,131 ​ — ​ 8,131 ​ 794 ​ 7,337 ​ 3,156 Commercial real estate - non-owner occupied ​ — ​ — ​ — ​ — ​ — ​ — Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and development ​ — ​ — ​ — ​ — ​ — ​ — Residential 1‑4 family ​ 35 ​ — ​ 35 ​ 35 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — Other ​ — ​ — ​ — ​ — ​ — ​ — Total Loans ​ $ 8,166 ​ $ 5,320 ​ $ 13,486 ​ $ 876 ​ $ 12,610 ​ $ 4,245 ​ The Company utilizes a numerical risk rating system for commercial relationships. All other types of relationships (ex: residential, consumer, other) are assigned a “Pass” rating, unless they have fallen 90 days past due or more, at which time they receive a rating of 7. The Company uses split ratings for government guaranties on loans. The portion of a loan that is supported by a government guaranty is included with other Pass credits. The determination of a commercial loan risk rating begins with completion of a matrix, which assigns scores based on the strength of the borrower’s debt service coverage, collateral coverage, balance sheet leverage, industry outlook, and customer concentration. A weighted average is taken of these individual scores to arrive at the overall rating. This rating is subject to adjustment by the loan officer based on facts and circumstances pertaining to the borrower. Risk ratings are subject to independent review. Commercial borrowers with ratings between 1 and 5 are considered Pass credits, with 1 being most acceptable and 5 being just above the minimum level of acceptance. Commercial borrowers rated 6 have potential weaknesses which may jeopardize repayment ability. Borrowers rated 7 have a well-defined weakness or weaknesses such as the inability to demonstrate significant cash flow for debt service based on analysis of the company’s financial information. These loans remain on accrual status provided full collection of principal and interest is reasonably expected. Otherwise they are deemed impaired and placed on nonaccrual status. Borrowers rated 8 are the same as 7 rated credits with one exception: collection or liquidation in full is not probable. The following tables present total loans by risk ratings and year of origination. Loans acquired from other previously acquired institutions have been included in the table based upon the actual origination date. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ As of March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Revolving ​ to Term ​ Total Commercial/industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 18,760 $ 59,266 $ 127,515 $ 58,432 $ 49,594 $ 27,040 $ 91,935 $ - $ 432,542 Grade 5 ​ 4,163 ​ 8,763 ​ 5,146 ​ 11,897 ​ 4,729 ​ 3,334 ​ 23,382 ​ - ​ 61,414 Grade 6 ​ - ​ 848 ​ 88 ​ 628 ​ 135 ​ 240 ​ 1,639 ​ - ​ 3,578 Grade 7 ​ 9 ​ 345 ​ 251 ​ 5,068 ​ 1,998 ​ 1,511 ​ 4,214 ​ - ​ 13,396 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 22,932 $ 69,222 $ 133,000 $ 76,025 $ 56,456 $ 32,125 $ 121,170 $ - $ 510,930 Current-period gross charge-offs $ - $ - $ - $ 15 $ - $ 2 $ - $ - $ 17 Commercial real estate - owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 3,042 $ 62,423 $ 105,056 $ 165,290 $ 105,647 $ 214,671 $ 57,259 $ - $ 713,388 Grade 5 ​ 950 ​ 7,991 ​ 22,074 ​ 24,820 ​ 12,739 ​ 32,669 ​ 12,510 ​ - ​ 113,753 Grade 6 ​ - ​ - ​ 2,128 ​ 2,811 ​ 1,032 ​ 8,696 ​ 967 ​ - ​ 15,634 Grade 7 ​ - ​ 3,108 ​ 7,471 ​ 7,629 ​ 1,307 ​ 28,047 ​ 2,657 ​ - ​ 50,219 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 3,992 $ 73,522 $ 136,729 $ 200,550 $ 120,725 $ 284,083 $ 73,393 $ - $ 892,994 Current-period gross charge-offs $ - $ - $ - $ - $ - $ 1 $ - $ - $ 1 Commercial real estate - non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 5,547 $ 54,765 $ 71,752 $ 143,488 $ 52,556 $ 121,594 $ 10,326 $ - $ 460,028 Grade 5 ​ 12,427 ​ 935 ​ 3,690 ​ 2,769 ​ 2,928 ​ 15,794 ​ - ​ - ​ 38,543 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ 187 ​ - ​ - ​ 187 Grade 7 ​ - ​ - ​ 124 ​ 64 ​ 362 ​ 3,261 ​ - ​ - ​ 3,811 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 17,974 $ 55,700 $ 75,566 $ 146,321 $ 55,846 $ 140,836 $ 10,326 $ - $ 502,569 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 1,288 $ 25,227 $ 26,948 $ 101,366 $ 73,615 $ 84,680 $ 2,257 $ - $ 315,381 Grade 5 ​ 786 ​ 884 ​ 1,893 ​ 4,278 ​ - ​ 26 ​ - ​ - ​ 7,867 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 2,074 $ 26,111 $ 28,841 $ 105,644 $ 73,615 $ 84,706 $ 2,257 $ - $ 323,248 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Construction and development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 3,900 $ 81,137 $ 72,161 $ 12,663 $ 4,869 $ 6,514 $ 392 $ - $ 181,636 Grade 5 ​ 224 ​ 18,527 ​ 1,190 ​ 3,844 ​ 716 ​ 214 ​ 798 ​ - ​ 25,513 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ 707 ​ - ​ - ​ 169 ​ 782 ​ - ​ - ​ 1,658 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 4,124 $ 100,371 $ 73,351 $ 16,507 $ 5,754 $ 7,510 $ 1,190 $ - $ 208,807 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential 1 ‑ 4 family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 9,928 $ 102,344 $ 192,776 $ 195,856 $ 155,273 $ 116,910 $ 82,525 $ - $ 855,612 Grade 5 ​ 1,351 ​ 3,916 ​ 6,489 ​ 3,015 ​ 222 ​ 2,797 ​ 319 ​ - ​ 18,109 Grade 6 ​ - ​ 156 ​ 317 ​ - ​ - ​ 180 ​ - ​ - ​ 653 Grade 7 ​ - ​ 314 ​ 322 ​ 1,066 ​ 1,010 ​ 2,775 ​ 168 ​ - ​ 5,655 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 11,279 $ 106,730 $ 199,904 $ 199,937 $ 156,505 $ 122,662 $ 83,012 $ - $ 880,029 Current-period gross charge-offs $ - $ - $ - $ - $ - $ 1 $ - $ - $ 1 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 9,851 $ 18,017 $ 11,363 $ 5,868 $ 4,089 $ 2,286 $ 593 $ - $ 52,067 Grade 5 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ 19 ​ - ​ - ​ 19 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 9,851 $ 18,017 $ 11,363 $ 5,868 $ 4,089 $ 2,305 $ 593 $ - $ 52,086 Current-period gross charge-offs $ - $ - $ - $ - $ - $ 4 $ - $ - $ 4 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 855 $ 192 $ 651 $ 543 $ 832 $ 9,630 $ 2,055 $ - $ 14,758 Grade 5 ​ - ​ - ​ - ​ - ​ - ​ - ​ 86 ​ - ​ 86 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 855 $ 192 $ 651 $ 543 $ 832 $ 9,630 $ 2,141 $ - $ 14,844 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ 29 $ - $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans $ 73,081 $ 449,865 $ 659,405 $ 751,395 $ 473,822 $ 683,857 $ 294,082 $ - $ 3,385,507 Total current-period gross charge-offs $ - $ - $ - $ 15 $ - $ 8 $ 29 $ - $ 52 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ to Term ​ Total Commercial/industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 59,526 $ 133,469 $ 62,894 $ 54,552 $ 10,380 $ 20,575 $ 78,439 $ - $ 419,835 Grade 5 ​ 6,127 ​ 5,367 ​ 11,641 ​ 4,208 ​ 1,180 ​ 3,039 ​ 21,420 ​ - ​ 52,982 Grade 6 ​ 671 ​ 93 ​ 61 ​ 206 ​ - ​ - ​ 627 ​ - ​ 1,658 Grade 7 ​ 365 ​ 271 ​ 5,756 ​ 2,351 ​ 30 ​ 1,687 ​ 3,563 ​ - ​ 14,023 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 66,689 $ 139,200 $ 80,352 $ 61,317 $ 11,590 $ 25,301 $ 104,049 $ - $ 488,498 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial real estate - owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 55,239 $ 105,187 $ 167,124 $ 108,680 $ 47,115 $ 178,586 $ 33,220 $ - $ 695,151 Grade 5 ​ 7,586 ​ 24,734 ​ 24,890 ​ 12,955 ​ 11,168 ​ 26,179 ​ 21,519 ​ - ​ 129,031 Grade 6 ​ - ​ 1,161 ​ 1,694 ​ 110 ​ 867 ​ 6,552 ​ 699 ​ - ​ 11,083 Grade 7 ​ 3,143 ​ 9,988 ​ 10,061 ​ 2,313 ​ 14,775 ​ 15,777 ​ 2,655 ​ - ​ 58,712 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 65,968 $ 141,070 $ 203,769 $ 124,058 $ 73,925 $ 227,094 $ 58,093 $ - $ 893,977 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial real estate - non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 54,774 $ 72,336 $ 127,450 $ 53,341 $ 45,898 $ 84,129 $ 9,870 $ - $ 447,798 Grade 5 ​ 944 ​ 4,819 ​ 2,872 ​ 3,516 ​ 97 ​ 10,081 ​ - ​ - ​ 22,329 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ 64 ​ 366 ​ 2,722 ​ 550 ​ - ​ - ​ 3,702 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 55,718 $ 77,155 $ 130,386 $ 57,223 $ 48,717 $ 94,760 $ 9,870 $ - $ 473,829 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial real estate - multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 25,099 $ 28,144 $ 103,804 $ 74,083 $ 25,640 $ 61,589 $ 2,149 $ - $ 320,508 Grade 5 ​ 672 ​ 1,092 ​ 10,660 ​ - ​ - ​ 27 ​ - ​ - ​ 12,451 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 25,771 $ 29,236 $ 114,464 $ 74,083 $ 25,640 $ 61,616 $ 2,149 $ - $ 332,959 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Construction and development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 65,134 $ 67,396 $ 35,017 $ 5,013 $ 1,853 $ 4,281 $ 779 $ - $ 179,473 Grade 5 ​ 11,796 ​ 1,190 ​ 6,060 ​ 743 ​ - ​ 84 ​ 808 ​ - ​ 20,681 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ 707 ​ - ​ - ​ 172 ​ - ​ 790 ​ - ​ - ​ 1,669 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 77,637 $ 68,586 $ 41,077 $ 5,928 $ 1,853 $ 5,155 $ 1,587 $ - $ 201,823 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential 1 ‑ 4 family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 102,529 $ 199,295 $ 197,713 $ 160,489 $ 44,411 $ 77,644 $ 80,659 $ - $ 862,740 Grade 5 ​ 3,816 ​ 4,819 ​ 6,269 ​ 119 ​ 612 ​ 2,465 ​ 604 ​ - ​ 18,704 Grade 6 ​ 158 ​ 319 ​ 810 ​ - ​ - ​ 180 ​ 249 ​ - ​ 1,716 Grade 7 ​ 316 ​ 366 ​ 29 ​ 1,022 ​ 400 ​ 2,947 ​ 172 ​ - ​ 5,252 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 106,819 $ 204,799 $ 204,821 $ 161,630 $ 45,423 $ 83,236 $ 81,684 $ - $ 888,412 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 23,711 $ 12,497 $ 6,570 $ 4,498 $ 1,194 $ 1,326 $ 925 $ - $ 50,721 Grade 5 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ 20 ​ - ​ - ​ 20 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 23,711 $ 12,497 $ 6,570 $ 4,498 $ 1,194 $ 1,346 $ 925 $ - $ 50,741 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ 4 $ - $ 4 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 347 $ 663 $ 551 $ 1,076 $ 38 $ 9,697 $ 2,520 $ - $ 14,892 Grade 5 ​ - ​ - ​ - ​ - ​ - ​ - ​ 88 ​ - ​ 88 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 347 $ 663 $ 551 $ 1,076 $ 38 $ 9,697 $ 2,608 $ - $ 14,980 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ 84 $ - $ 84 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans $ 422,660 $ 673,206 $ 781,990 $ 489,813 $ 208,380 $ 508,205 $ 260,965 $ - $ 3,345,219 Total current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ 88 $ - $ 88 ​ Loans that were both experiencing financial difficulty and were modified during the three months ended March 31, 2024 and 2023, were insignificant to these consolidated financial statements.

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS	3 Months Ended
	Mar. 31, 2024
MORTGAGE SERVICING RIGHTS
MORTGAGE SERVICING RIGHTS	NOTE 6 – MORTGAGE SERVICING RIGHTS Loans serviced for others are not included in the accompanying consolidated balance sheets. MSRs are recognized as separate assets when loans sold in the secondary market are sold with servicing retained. The Company utilizes a third-party consulting firm to assist with determining an accurate assessment of the MSRs fair value. The third-party firm collects relevant data points from numerous sources. Some of these data points relate directly to the pricing level or relative value of the mortgage servicing while other data points relate to the assumptions used to derive fair value. In addition, the valuation evaluates specific collateral types, and current and historical performance of the collateral in question. The valuation process focuses on the non-distressed secondary servicing market, common industry practices and current regulatory standards. The primary determinants of the fair value of MSRs are servicing fee percentage, ancillary income, expected loan life or prepayment speeds, discount rates, costs to service, delinquency rates, foreclosure losses and recourse obligations. The valuation data also contains interest rate shock analyses for monitoring fair value changes in differing interest rate environments. Following is an analysis of activity in the MSR asset: ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Year Ended ​ ​ March 31, 2024 ​ December 31, 2023 Fair value at beginning of period ​ $ 13,668 ​ $ 9,582 ​ ​ ​ ​ ​ ​ ​ Servicing asset additions ​ 189 ​ 879 Loan payments and payoffs ​ (363) ​ (1,624) Changes in valuation inputs and assumptions used in the valuation model ​ (138) ​ 1,140 Amount recognized through earnings ​ ​ (312) ​ ​ 395 MSR asset acquired ​ — ​ 3,691 Fair value at end of period ​ $ 13,356 ​ $ 13,668 ​ ​ ​ ​ ​ ​ ​ Unpaid principal balance of loans serviced for others ​ $ 1,170,466 ​ $ 1,175,709 Mortgage servicing rights as a percent of loans serviced for others ​ 1.14 ​ 1.16 ​ The primary economic assumptions utilized by the Company in measuring the value of MSRs were constant prepayment speeds of 8.0 and 7.5 months as of March 31, 2024 and December 31, 2023, respectively, and discount rates of 10.19% as of each of those periods. The constant prepayment speeds are obtained from publicly available sources for each of the loan programs the Company originates under.

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2024
NOTES PAYABLE
NOTES PAYABLE	NOTE 7 – NOTES PAYABLE The Company utilizes FHLB advances to fund liquidity. The Company had outstanding balances borrowed from the FHLB of $35.5 million at March 31, 2024 and December 31, 2023. The advances, rate, and maturities of FHLB advances were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ Maturity ​ Rate ​ 2024 ​ 2023 Fixed rate, fixed term ​ 03/23/2026 ​ 4.02% ​ $ 10,000 ​ $ 10,000 Fixed rate, fixed term ​ 05/26/2026 ​ 1.95% ​ ​ 5,000 ​ ​ 5,000 Fixed rate, fixed term ​ 03/23/2027 ​ 3.91% ​ ​ 10,000 ​ ​ 10,000 Fixed rate, fixed term ​ 03/23/2028 ​ 3.85% ​ ​ 10,000 ​ ​ 10,000 Fixed rate, fixed term ​ 04/22/2030 ​ 0.00% ​ ​ 508 ​ ​ 508 ​ ​ ​ ​ ​ ​ ​ 35,508 ​ ​ 35,508 Adjustment due to purchase accounting ​ ​ ​ ​ ​ ​ (213) ​ ​ (238) ​ ​ ​ ​ ​ ​ $ 35,295 ​ $ 35,270 ​ Future maturities of borrowings were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 1 year or less ​ $ — ​ $ — 1 to 2 years ​ 10,000 ​ — 2 to 3 years ​ 15,000 ​ 15,000 3 to 4 years ​ 10,000 ​ 10,000 4 to 5 years ​ — ​ 10,000 Over 5 years ​ ​ 508 ​ ​ 508 ​ ​ $ 35,508 ​ $ 35,508 ​ As of March 31, 2024, the Company had borrowing availability at the FHLB totaling $805.7 million in addition to the existing borrowings noted in the tables above. ​ The Company maintains a $7.5 million line of credit with a commercial bank, which was entered into on May 15, 2022. There were no outstanding balances on this note at March 31, 2024 or December 31, 2023. Any future borrowings will require monthly payments of interest at a variable rate, and will be due in full on May 15, 2024.

SUBORDINATED NOTES AND JUNIOR S

SUBORDINATED NOTES AND JUNIOR SUBORDINATED DEBENTURES	3 Months Ended
	Mar. 31, 2024
SUBORDINATED NOTES AND JUNIOR SUBORDINATED DEBENTURES
SUBORDINATED NOTES AND JUNIOR SUBORDINATED DEBENTURES	NOTE 8 – SUBORDINATED NOTES AND JUNIOR SUBORDINATED DEBENTURES During July 2020, the Company entered into subordinated note agreements with two separate commercial banks. The Company had through December 31, 2020, to borrow funds up to a maximum availability of $6.0 million under each agreement, or $12.0 million total. These notes were issued with 10-year maturities, carry interest at a fixed rate of 5.0% through June 30, 2025, and at a variable rate thereafter, payable quarterly. These notes are callable on or after January 1, 2026 and qualify for Tier 2 capital for regulatory purposes. The Company had outstanding balances of $6.0 million under these agreements at March 31, 2024 and December 31, 2023. ​ During August 2022, the Company entered into subordinated note agreements with an individual. The Company had outstanding balances of $6.0 million under these agreements as of March 31, 2024 and December 31, 2023. These notes were issued with 10-year maturities, carry interest at a fixed rate of 5.25% through August 6, 2027, and at a variable rate thereafter, payable quarterly. These notes are callable on or after August 6, 2027 and qualify for Tier 2 capital for regulatory purposes. ​ As a result of the acquisition of Hometown during February 2023, the Company acquired all of the common securities of Hometown’s wholly-owned subsidiaries, Hometown Bancorp, Ltd. Capital Trust I (“Trust I”) and Hometown Bancorp, Ltd. Capital Trust II (“Trust II”). The Company also assumed adjustable rate junior subordinated debentures issued to these trusts. The junior subordinated debentures issued to Trust I and Trust II totaled $4.1 million and $8.2 million, respectively, carried interest at floating rates resetting on each quarterly payment date, and were due on January 7, 2034 and December 15, 2036, respectively. Applicable discounts originally totaling $1.5 million were recorded to carry the assumed debentures at their then estimated fair value and were being accreted to interest expense over the remaining life of the debentures. Both junior subordinated debentures were redeemable by the Company, subject to prior approval by the Federal Reserve Bank, on any quarterly payment date. The junior subordinated debentures represented the sole asset of Trust I and Trust II. The trusts were not included in the Company’s consolidated financial statements. The net effect of all agreements assumed with respect to Trust I and Trust II is that the Company, through payments on its debentures, was liable for the distributions and other payments required on the trusts’ preferred securities. Trust I and Trust II also provided the Company with $12.0 million in Tier 1 capital for regulatory capital purposes. The Company redeemed the junior subordinated debenture related to Trust II during December 2023 and the junior subordinated debenture related to Trust I during January 2024, resulting in the trusts’ dissolution. As a result of the redemption of the junior subordinated debenture related to Trust II and notification of the Company’s intent to redeem the junior subordinated debenture of Trust I prior to December 31, 2023, the Company amortized the remaining original fair value discounts into interest expense during December 2023.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2024
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 9 – REGULATORY MATTERS Banks and certain bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. Under regulatory guidance for non-advanced approaches institutions, the Bank and Company are required to maintain minimum amounts and ratios of common equity Tier I capital to risk-weighted assets, including an additional conservation buffer determined by banking regulators. As of March 31, 2024 and December 31, 2023, this buffer was 2.5%. The Bank met all capital adequacy requirements to which they are subject as of March 31, 2024 and December 31, 2023. Actual and required capital amounts and ratios are presented below at period-end: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Capitalized Under ​ ​ ​ ​ ​ ​ ​ For Capital ​ Adequacy with ​ Prompt Corrective ​ ​ Actual ​ Adequacy Purposes ​ Capital Buffer ​ Action Provisions ​ Amount Ratio Amount Ratio Amount Ratio Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ Company ​ $ 473,440 13.49 % $ 280,722 8.00 % $ 368,447 10.50 % ​ NA NA ​ Bank ​ $ 429,412 12.24 % $ 280,562 8.00 % $ 368,237 10.50 % $ 350,702 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 423,164 12.06 % $ 210,541 6.00 % $ 298,267 8.50 % ​ NA NA ​ Bank ​ $ 391,136 11.15 % $ 210,421 6.00 % $ 298,097 8.50 % $ 280,562 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 423,164 12.06 % $ 157,906 4.50 % $ 245,632 7.00 % ​ NA NA ​ Bank ​ $ 391,136 11.15 % $ 157,816 4.50 % $ 245,491 7.00 % $ 227,956 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 423,164 10.73 % $ 157,788 4.00 % $ 157,788 4.00 % ​ NA NA ​ Bank ​ $ 391,136 9.91 % $ 157,946 4.00 % $ 157,946 4.00 % $ 197,433 5.00 % December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Company ​ $ 484,398 13.99 % $ 276,904 8.00 % $ 363,437 10.50 % ​ NA NA ​ Bank ​ $ 446,634 12.91 % $ 276,726 8.00 % $ 363,202 10.50 % $ 345,907 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 437,979 12.65 % $ 207,678 6.00 % $ 294,211 8.50 % ​ NA NA ​ Bank ​ $ 412,215 11.92 % $ 207,544 6.00 % $ 294,021 8.50 % $ 276,726 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 433,979 12.54 % $ 155,759 4.50 % $ 242,291 7.00 % ​ NA NA ​ Bank ​ $ 412,215 11.92 % $ 155,658 4.50 % $ 242,135 7.00 % $ 224,840 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 437,979 11.05 % $ 158,581 4.00 % $ 158,581 4.00 % ​ NA NA ​ Bank ​ $ 412,215 10.40 % $ 158,585 4.00 % $ 158,585 4.00 % $ 198,231 5.00 % ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate-lock commitments). Rate-lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. Accordingly, such commitments, along with any related fees received from potential borrowers, are recorded at fair value in derivative assets or liabilities, with changes in fair value recorded in the net gain or loss on sale of mortgage loans. Fair value is based on fees currently charged to enter into similar agreements and for fixed rate commitments also considers the difference between current levels of interest rates and committed rates. The notional amount of rate-lock commitments at March 31, 2024 and December 31, 2023 was approximately $7.4 million and $5.9 million, respectively. 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 instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual or notional amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance-sheet instruments. Since some of the commitments are expected to expire without being drawn upon and some of the commitments may not be drawn upon to the total extent of the commitment, the notional amount of these commitments does not necessarily represent future cash requirements. The following commitments were outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount ​ March 31, 2024 ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Commitments to extend credit: ​ ​ Fixed ​ $ 70,444 ​ $ 92,113 Variable ​ 726,486 ​ 707,285 Credit card arrangements ​ 21,807 ​ 21,213 Letters of credit ​ 10,951 ​ 9,785 ​

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2024
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 11 – FAIR VALUE MEASUREMENTS Accounting guidance establishes a fair value hierarchy to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value. Level 1: Quoted prices (unadjusted) or identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as 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. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. ​ Information regarding the fair value of assets measured at fair value on a recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Instruments Markets Other Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) March 31, 2024 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 27,045 ​ $ — ​ $ 27,045 ​ $ — Obligations of states and political subdivisions ​ 57,566 ​ — ​ 57,566 ​ — Mortgage-backed securities ​ ​ 34,775 ​ ​ — ​ ​ 34,775 ​ ​ — Corporate notes ​ 19,034 ​ — ​ 19,034 ​ — Mortgage servicing rights ​ 13,356 ​ — ​ 13,356 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 28,294 ​ $ — ​ $ 28,294 ​ $ — Obligations of states and political subdivisions ​ 58,246 ​ — ​ 58,246 ​ — Mortgage-backed securities ​ ​ 36,130 ​ ​ — ​ ​ 36,130 ​ ​ — Corporate notes ​ 19,038 ​ — ​ 19,038 ​ — Certificates of deposit ​ ​ 489 ​ ​ — ​ ​ 489 ​ ​ — Mortgage servicing rights ​ 13,668 ​ — ​ 13,668 ​ — ​ There were no assets measured on a recurring basis using significant unobservable inputs (Level 3) during these periods. Furthermore, there were no liabilities measured on a recurring basis during the periods. ​ Information regarding the fair value of assets measured at fair value on a non-recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ In Active ​ Significant ​ ​ ​ ​ ​ Assets ​ Markets ​ Other ​ Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) March 31, 2024 ​ ​ ​ ​ OREO ​ $ 2,674 ​ $ — ​ $ — ​ $ 2,674 Loans individually evaluated, net of reserve ​ ​ 9,482 ​ ​ — ​ ​ — ​ ​ 9,482 ​ ​ $ 12,156 ​ $ — ​ $ — ​ $ 12,156 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ OREO ​ $ 2,573 ​ $ — ​ $ — ​ $ 2,573 Loans individually evaluated, net of reserve ​ 9,242 ​ — ​ — ​ 9,242 ​ ​ $ 11,815 ​ $ — ​ $ — ​ $ 11,815 ​ The following is a description of the valuation methodologies used by the Company for the items noted in the table above, including the general classification of such instruments in the fair value hierarchy. For loans individually evaluated, the amount of reserve is based upon the present value of expected future cash flows discounted at the loan’s effective interest rate, the estimated fair value of the underlying collateral for collateral-dependent loans, or the estimated liquidity of the note. For OREO, the fair value is based upon the estimated fair value of the underlying collateral adjusted for the expected costs to sell. The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Unobservable ​ Range of ​ Average ​ ​ Valuation Technique ​ Inputs ​ Discounts Discount ​ As of March 31, 2024 ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 3% - 61 % 42 % Loans individually evaluated Third party appraisals and discounted cash flows Collateral discounts and discount rates 18% - 38 % 35 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 3% - 71 % 38 % Loans individually evaluated Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 53 % 31 % ​ The carrying value and estimated fair value of financial instruments not measured and reported at fair value on a recurring or non-recurring basis at March 31, 2024 and December 31, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 amount Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 83,374 ​ $ 83,374 ​ $ — ​ $ — ​ $ 83,374 Securities held to maturity ​ 111,732 ​ 107,006 ​ 3,861 ​ — ​ 110,867 Loans held for sale ​ 1,293 ​ — ​ — ​ 1,293 ​ 1,293 Loans, net ​ 3,339,017 ​ — ​ — ​ 3,190,622 ​ 3,190,622 Other investments ​ 21,290 ​ — ​ — ​ 21,290 ​ 21,290 Mortgage servicing rights ​ 13,356 ​ — ​ 13,356 ​ — ​ 13,356 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 3,416,039 ​ $ — ​ $ — ​ $ 3,138,967 ​ $ 3,138,967 Notes payable ​ ​ 35,295 ​ ​ — ​ ​ 35,295 ​ ​ — ​ ​ 35,295 Subordinated notes ​ 12,000 ​ ​ — ​ ​ 12,000 ​ ​ — ​ ​ 12,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 247,468 ​ $ 247,468 ​ $ — ​ $ — ​ $ 247,468 Securities held to maturity ​ 103,324 ​ 99,475 ​ 4,151 ​ — ​ 103,626 Loans held for sale ​ 3,012 ​ — ​ — ​ 3,012 ​ 3,012 Loans, net ​ 3,299,365 ​ — ​ — ​ 3,168,749 ​ 3,168,749 Other investments ​ 21,366 ​ — ​ — ​ 21,366 ​ 21,366 Mortgage servicing rights ​ 13,668 ​ — ​ 13,668 ​ — ​ 13,668 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 3,432,920 ​ — ​ — ​ 3,153,512 ​ ​ 3,153,512 Securities sold under repurchase agreements ​ ​ 75,747 ​ ​ — ​ ​ 75,747 ​ ​ — ​ ​ 75,747 Notes payable ​ 35,270 ​ ​ — ​ ​ 35,270 ​ ​ — ​ ​ 35,270 Subordinated notes ​ 12,000 ​ ​ — ​ ​ 12,000 ​ ​ — ​ ​ 12,000 Junior subordinated debentures ​ ​ 4,124 ​ ​ — ​ ​ 4,124 ​ ​ — ​ ​ 4,124 ​ The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Consequently, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters that could affect the estimates. Fair value estimates are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Deposits with no stated maturities are defined as having a fair value equivalent to the amount payable on demand. This prohibits adjusting fair value derived from retaining those deposits for an expected future period of time. This component, commonly referred to as a deposit base intangible, is neither considered in the above amounts nor is it recorded as an intangible asset on the consolidated balance sheet. Significant assets and liabilities that are not considered financial assets and liabilities include premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	3 Months Ended
	Mar. 31, 2024
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION	NOTE 12 – STOCK BASED COMPENSATION The Company has made restricted share grants pursuant to the Bank First Corporation 2011 Equity Plan and the Bank First Corporation 2020 Equity Plan, which replaced the 2011 Plan. The purpose of the Plan is to provide financial incentives for selected employees and for the non-employee Directors of the Company, thereby promoting the long-term growth and financial success of the Company. The number of shares of Company stock that may be issued pursuant to awards under the 2020 Plan shall not exceed, in the aggregate, 700,000. As of March 31, 2024, 100,954 shares of Company stock have been awarded under the 2020 Plan. Compensation expense for restricted stock is based on the fair value of the awards of Bank First Corporation common stock at the time of grant. The value of restricted stock grants that are expected to vest is amortized into expense over the vesting periods. For the three months ended March 31, 2024 and 2023, compensation expense of $0.6 million and $0.5 million, respectively, was recognized related to restricted stock awards. As of March 31, 2024, there was $3.5 million of unrecognized compensation cost related to non-vested restricted stock awards granted under the plan. That cost is expected to be recognized over a weighted average period of 1.91 years. The aggregate grant date fair value of restricted stock awards that vested during the three months ended March 31, 2024, was approximately $2.1 million. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the period ended ​ For the period ended ​ ​ March 31, 2024 ​ March 31, 2023 ​ ​ Weighted- ​ Weighted- ​ ​ ​ ​ Average Grant- ​ ​ ​ Average Grant- ​ ​ Shares ​ Date Fair Value ​ Shares ​ Date Fair Value Restricted Stock ​ ​ Outstanding at beginning of period 58,196 ​ $ 72.28 59,272 ​ $ 65.85 Granted 24,581 ​ 85.85 25,375 ​ 80.17 Vested (30,143) ​ 71.14 (25,762) ​ 62.05 Forfeited or cancelled — ​ — (820) ​ 65.09 Outstanding at end of period 52,634 ​ $ 79.27 58,065 ​ $ 71.41 ​

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
LEASES
Leases	NOTE 13 – LEASES Accounting standards require lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements, establishing a right-of-use (“ROU”) model that requires a lessee to recognize a ROU lease asset and liability on the balance sheet for all leases with a term longer than 12 months. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Lessee Leases The Company’s lessee leases are operating leases, and consist of leased real estate for branches. Options to extend and renew leases are generally exercised under normal circumstances. Advance notification is required prior to termination, and any noticing period is often limited to the months prior to renewal. Rent escalations are generally specified by a payment schedule, or are subject to a defined formula. The Company also elected the practical expedient to not separate lease and non-lease components for all leases, the majority of which consist of real estate common area maintenance expenses. Generally, leases do not include guaranteed residual values, but instead typically specify that the leased premises are to be returned in satisfactory condition with the Company liable for damages. For operating leases, the lease liability and ROU asset (before adjustments) are recorded at the present value of future lease payments. Accounting standards require the use of the lease interest rate; however, this rate is typically not known. As an alternative, the use of an entity’s fully secured incremental borrowing rate is permitted. The Company is electing to utilize the Wall Street Journal Prime Rate on the date of lease commencement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended (dollars in thousands) March 31, 2024 March 31, 2023 Amortization of ROU Assets - Operating Leases ​ $ — ​ $ (1) ​ Interest on Lease Liabilities - Operating Leases ​ 22 ​ ​ 22 ​ Operating Lease Cost (Cost resulting from lease payments) ​ 21 ​ ​ 21 ​ Weighted Average Lease Term (Years) - Operating Leases ​ 29.75 ​ ​ 30.75 ​ Weighted Average Discount Rate - Operating Leases ​ 5.50 % ​ 5.50 % ​ A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of March 31, 2024 is as follows: ​ ​ ​ ​ ​ ​ March 31, 2024 Operating lease payments due: ​ ​ Within one year ​ $ 85 After one but within two years ​ ​ 88 After two but within three years ​ ​ 94 After three but within four years ​ ​ 94 After four years but within five years ​ ​ 94 After five years ​ ​ 3,020 Total undiscounted cash flows ​ ​ 3,475 Discount on cash flows ​ ​ (1,891) Total operating lease liabilities ​ $ 1,584 ​

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2024
BASIS OF PRESENTATION
Critical Accounting Policies and Estimates	Critical Accounting Policies and Estimates The accounting and reporting policies of the Company conform to GAAP in the United States and general practices within the financial institution industry. To prepare financial statements in conformity with GAAP, management makes estimates, assumptions and judgments based on available information. These estimates, assumptions and judgments are based on information available as of the date of the financial statements and, as this information changes, actual results could differ from the estimates, assumptions and judgments reflected in the financial statement. As disclosed in the Company’s Annual Report, management has identified several accounting policies that, due to the estimates, assumptions and judgments inherent in those policies, are critical in understanding our financial statements. These include accounting for business combinations (primarily related to core deposit intangibles and acquired loans), accounting for the ACL-Loans, and the valuation and recording of deferred tax assets and liabilities. ​ There have been no material changes or developments with respect to the assumptions or methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as previously disclosed in the Company’s Annual Report.
Recently Issued Not Yet Effective Accounting Standards	Recently Issued Not Yet Effective Accounting Standards In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. Reference rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables) - Hometown Bancorp, Ltd.	3 Months Ended
	Mar. 31, 2024
ACQUISITIONS
Schedule of fair value of the assets acquired and liabilities assumed	The fair value of the assets acquired and liabilities assumed on February 10, 2023 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As Recorded by Fair Value ​ As Recorded by ​ ​ Hometown Adjustments the Company Cash, cash equivalents and securities ​ $ 174,582 ​ $ (1,010) ​ $ 173,572 Other investments ​ 1,195 ​ — ​ ​ 1,195 Loans, net ​ 406,168 ​ (10,367) ​ ​ 395,801 Premises and equipment, net ​ 7,577 ​ (1,109) ​ ​ 6,468 Core deposit intangible ​ 405 ​ 16,085 ​ ​ 16,490 Other assets ​ 28,011 ​ (6,432) ​ ​ 21,579 Total assets acquired ​ $ 617,938 ​ $ (2,833) ​ $ 615,105 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 532,165 ​ $ 209 ​ $ 532,374 Other borrowings ​ 5,000 ​ (331) ​ 4,669 Junior subordinated debentures ​ ​ 12,372 ​ ​ (1,464) ​ ​ 10,908 Other liabilities ​ 469 ​ 1,144 ​ 1,613 Total liabilities assumed ​ $ 550,006 ​ $ (442) ​ $ 549,564 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Excess of assets acquired over liabilities assumed ​ $ 67,932 ​ $ (2,391) ​ $ 65,541 Less: purchase price ​ ​ ​ 130,452 Goodwill ​ ​ ​ ​ ​ ​ ​ ​ 64,911 Refinement to fair value estimates (1) ​ ​ ​ ​ ​ ​ ​ ​ (30) Goodwill (after refinement) ​ ​ ​ $ 64,881 (1) Refinement consists of adjustments to the initial fair value estimates of other assets and liabilities. ​
Schedule of loans purchased through acquisition	The Company purchased loans through the acquisition of Hometown for which there was, at the date of acquisition, more than insignificant deterioration of credit quality since origination (PCD Loans). The carrying amount of these loans at acquisition was as follows: ​ ​ ​ ​ ​ ​ February 10, 2023 Purchase price of PCD loans at acquisition ​ $ 25,778 Non-credit discount on PCD loans at acquisition ​ ​ 4,498 Allowance for credit losses on PCD loans at acquisition ​ ​ 5,534 Par value of PCD acquired loans at acquisition ​ $ 35,810

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
EARNINGS PER SHARE
Schedule of earnings per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2024 2023 Basic ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 15,412 ​ $ 10,680 Less: Earnings allocated to participating securities ​ ​ (84) ​ ​ (64) Net income allocated to common shareholders ​ $ 15,328 ​ $ 10,616 ​ ​ ​ ​ ​ Weighted average common shares outstanding including participating securities ​ ​ 10,233,347 ​ ​ 9,772,852 Less: Participating securities (1) ​ ​ (55,415) ​ ​ (58,668) Average shares ​ ​ 10,177,932 ​ ​ 9,714,184 ​ ​ ​ ​ ​ ​ ​ Basic earnings per common shares ​ $ 1.51 ​ $ 1.09 ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 15,412 ​ $ 10,680 ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding for basic earnings per common share ​ ​ 10,177,932 ​ ​ 9,714,184 Add: Dilutive effects of stock based compensation awards ​ ​ 23,441 ​ ​ 23,695 Average shares and dilutive potential common shares ​ ​ 10,201,373 ​ ​ 9,737,879 Diluted earnings per common share ​ $ 1.51 ​ $ 1.09 (1) Participating securities are restricted stock awards whereby the stock certificates have been issued, are included in outstanding shares, receive dividends and can be voted, but have not vested.

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2024
SECURITIES
Schedule of available for sale securities	The following is a summary of available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ March 31, 2024 ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 30,389 ​ $ — ​ $ (3,344) ​ $ 27,045 ​ Obligations of states and political subdivisions ​ ​ 63,576 ​ ​ 16 ​ ​ (6,026) ​ ​ 57,566 ​ Mortgage-backed securities ​ ​ 36,733 ​ ​ 1 ​ ​ (1,959) ​ ​ 34,775 ​ Corporate notes ​ 20,662 ​ — ​ (1,628) ​ 19,034 ​ Total available for sale securities ​ $ 151,360 ​ $ 17 ​ $ (12,957) ​ $ 138,420 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 31,453 ​ $ 4 ​ $ (3,163) ​ $ 28,294 ​ Obligations of states and political subdivisions ​ ​ 63,929 ​ ​ 77 ​ ​ (5,760) ​ ​ 58,246 ​ Mortgage-backed securities ​ 37,789 ​ 5 ​ (1,664) ​ 36,130 ​ Corporate notes ​ 20,657 ​ — ​ (1,619) ​ 19,038 ​ Certificates of deposit ​ ​ 490 ​ ​ — ​ ​ (1) ​ ​ 489 ​ Total available for sale securities ​ $ 154,318 ​ $ 86 ​ $ (12,207) ​ $ 142,197 ​
Schedule of held to maturity securities	The following is a summary of held to maturity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 107,871 ​ $ 671 ​ $ (1,536) ​ $ 107,006 Obligations of states and political subdivisions ​ ​ 3,861 ​ ​ — ​ ​ — ​ ​ 3,861 Total held to maturity securities ​ $ 111,732 ​ $ 671 ​ $ (1,536) ​ $ 110,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ U.S. Treasury securities ​ $ 99,173 ​ $ 1,372 ​ $ (1,070) ​ $ 99,475 Obligations of states and political subdivisions ​ ​ 4,151 ​ ​ — ​ ​ — ​ ​ 4,151 Total held to maturity securities ​ $ 103,324 ​ $ 1,372 ​ $ (1,070) ​ $ 103,626 ​
Schedule of fair value and gross unrealized losses of securities	The following table shows the fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ Greater Than 12 Months ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number ​ Fair Unrealized Fair Unrealized Fair ​ Unrealized ​ of ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ Securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 - Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies $ 8,519 ​ $ (272) ​ $ 18,526 ​ $ (3,072) ​ $ 27,045 ​ $ (3,344) ​ 27 Obligations of states and political subdivisions ​ 8,919 ​ ​ (96) ​ ​ 43,014 ​ ​ (5,930) ​ ​ 51,933 ​ ​ (6,026) ​ 70 Mortgage-backed securities 7,116 ​ (202) ​ 27,532 ​ (1,757) ​ 34,648 ​ (1,959) 107 Corporate notes 4,962 ​ (35) ​ 12,940 ​ (1,593) ​ 17,902 ​ (1,628) 10 Totals $ 29,516 ​ $ (605) ​ $ 102,012 ​ $ (12,352) ​ $ 131,528 ​ $ (12,957) 214 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 - Held to Maturity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities $ 49,015 ​ $ (527) ​ $ 30,465 ​ $ (1,009) ​ $ 79,480 ​ $ (1,536) ​ 51 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 - Available for Sale ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies $ 6,519 ​ $ (173) ​ $ 19,519 ​ $ (2,990) ​ $ 26,038 ​ $ (3,163) ​ 24 Obligations of states and political subdivisions ​ 6,806 ​ ​ (71) ​ ​ 40,959 ​ ​ (5,689) ​ ​ 47,765 ​ ​ (5,760) ​ 65 Mortgage-backed securities 5,751 ​ (95) ​ 28,693 ​ (1,569) ​ 34,444 ​ (1,664) 104 Corporate notes 4,926 ​ (68) ​ 12,487 ​ (1,551) ​ 17,413 ​ (1,619) 9 Certificate of deposits ​ — ​ ​ — ​ ​ 489 ​ ​ (1) ​ ​ 489 ​ ​ (1) ​ 2 Totals $ 24,002 ​ $ (407) ​ $ 102,147 ​ $ (11,800) ​ $ 126,149 ​ $ (12,207) ​ 204 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 - Held to Maturity ​ ​ ​ ​ ​ U.S. Treasury securities $ 31,785 ​ $ (99) ​ $ 35,362 ​ $ (971) ​ $ 67,147 ​ $ (1,070) ​ 49 Obligations of states and political subdivisions — ​ — ​ 220 ​ — ​ 220 ​ — ​ 1 Totals $ 31,785 ​ $ (99) ​ $ 35,582 ​ $ (971) ​ $ 67,367 ​ $ (1,070) ​ 50 ​
Schedule of amortized cost and estimated fair value of securities by contract maturity	The following is a summary of amortized cost and estimated fair value of securities by contractual maturity as of March 31, 2024. Contractual maturities will differ from expected maturities for mortgage-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ Amortized Estimated Amortized Estimated ​ ​ Cost ​ Fair Value ​ Cost ​ Fair Value Due in one year or less ​ $ 7,300 ​ $ 7,260 ​ $ 21,171 ​ ​ 20,949 Due after one year through 5 years ​ 16,975 ​ 16,651 ​ ​ 54,677 ​ ​ 53,663 Due after 5 years through 10 years ​ 39,030 ​ 35,338 ​ ​ 35,884 ​ ​ 36,255 Due after 10 years ​ 51,322 ​ 44,396 ​ ​ — ​ ​ — Subtotal ​ 114,627 ​ 103,645 ​ ​ 111,732 ​ ​ 110,867 Mortgage-backed securities ​ 36,733 ​ 34,775 ​ ​ — ​ ​ — Total ​ $ 151,360 ​ $ 138,420 ​ $ 111,732 ​ $ 110,867

LOANS, ALLOWANCE FOR CREDIT L_2

LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY (Tables)	3 Months Ended
	Mar. 31, 2024
LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY
Schedule of loans by composition	The following table presents total loans by portfolio segment and class of loan as of March 31, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Commercial/industrial ​ $ 510,930 ​ $ 488,498 Commercial real estate - owner occupied ​ 892,994 ​ 893,977 Commercial real estate - non-owner occupied ​ 502,569 ​ 473,829 Multi-family ​ ​ 323,248 ​ ​ 332,959 Construction and development ​ 208,807 ​ 201,823 Residential 1‑4 family ​ 880,029 ​ 888,412 Consumer ​ 52,086 ​ 50,741 Other ​ 14,844 ​ 14,980 Subtotals ​ 3,385,507 ​ 3,345,219 ACL - Loans ​ (44,378) ​ (43,609) Loans, net of ACL - Loans ​ 3,341,129 ​ 3,301,610 Deferred loan fees, net ​ (2,112) ​ (2,245) Loans, net ​ $ 3,339,017 ​ $ 3,299,365
Summary of the activity in the ACL by loan type	A summary of the activity in the ACL - Loans by loan type for the three months ended March 31, 2024 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate  - ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Owner ​ Non - Owner ​ Multi- ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Family ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total ACL - Loans - January 1, 2024 ​ $ 5,965 ​ $ 12,285 ​ $ 5,700 ​ $ 4,754 ​ $ 3,597 ​ $ 10,620 ​ $ 615 ​ $ 73 ​ $ 43,609 Charge-offs ​ (17) ​ ​ (1) ​ ​ — ​ ​ — ​ — ​ (1) ​ (4) ​ (29) ​ (52) Recoveries ​ 2 ​ ​ 611 ​ ​ — ​ ​ — ​ — ​ 3 ​ — ​ 5 ​ 621 Provision ​ (139) ​ ​ 547 ​ ​ 381 ​ ​ (153) ​ (359) ​ (122) ​ (7) ​ 52 ​ 200 ACL - Loans - March 31, 2024 ​ $ 5,811 ​ $ 13,442 ​ $ 6,081 ​ $ 4,601 ​ $ 3,238 ​ $ 10,500 ​ $ 604 ​ $ 101 ​ $ 44,378 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ A summary of the activity in the ACL – Loans by loan type for the three months ended March 31, 2023 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Owner ​ Non - Owner ​ Multi- ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Family ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total ACL - Loans - January 1, 2023 ​ $ 4,071 ​ $ 5,204 ​ $ 2,644 ​ $ 2,761 ​ $ 1,592 ​ $ 5,944 ​ $ 314 ​ $ 150 ​ $ 22,680 Adoption of CECL ​ ​ 1,859 ​ ​ 1,982 ​ ​ 1,161 ​ ​ 753 ​ ​ 2,063 ​ ​ 2,567 ​ ​ 620 ​ ​ (33) ​ ​ 10,972 ACL - Loans on PCD loans acquired ​ ​ 1,082 ​ ​ 4,424 ​ ​ — ​ ​ — ​ ​ — ​ ​ 28 ​ ​ — ​ ​ — ​ ​ 5,534 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — ​ (9) ​ (9) Recoveries ​ 1 ​ ​ 16 ​ ​ — ​ ​ — ​ — ​ 27 ​ 1 ​ 2 ​ 47 Provision ​ 211 ​ ​ 1,023 ​ ​ 795 ​ ​ 532 ​ (545) ​ 1,978 ​ 71 ​ 27 ​ 4,092 ACL - Loans - March 31, 2023 ​ $ 7,224 ​ $ 12,649 ​ $ 4,600 ​ $ 4,046 ​ $ 3,110 ​ $ 10,544 ​ $ 1,006 ​ $ 137 ​ $ 43,316 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of the provision for credit losses	The following table presents the components of the provision for credit losses. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Year Ended ​ ​ March 31, 2024 ​ March 31, 2023 ​ December 31, 2023 Provision for credit losses on: ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ $ 200 ​ $ 4,092 ​ $ 4,292 Unfunded Commitments ​ ​ — ​ ​ 90 ​ ​ 390 Total provision for credit losses ​ $ 200 ​ $ 4,182 ​ $ 4,682 ​
Summary of past due loans	The Company’s past due and non-accrual loans as of March 31, 2024 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ Non-Accrual ​ ​ 30-89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ with no ​ ​ Past Due ​ Past Due ​ Non- ​ ​ ​ ​ specifically ​ ​ Accruing ​ and Accruing ​ Accrual ​ Total ​ allocated ACL Commercial/industrial ​ $ 61 ​ $ — ​ $ 4,601 ​ $ 4,662 ​ $ — Commercial real estate - owner occupied ​ 179 ​ 1,560 ​ 2,754 ​ 4,493 ​ 14 Commercial real estate - non-owner occupied ​ 13 ​ — ​ — ​ 13 ​ — Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and development ​ 56 ​ — ​ — ​ 56 ​ — Residential 1‑4 family ​ 1,552 ​ 703 ​ 244 ​ 2,499 ​ 244 Consumer ​ 14 ​ 4 ​ 11 ​ 29 ​ 11 Other ​ — ​ — ​ — ​ — ​ — ​ ​ $ 1,875 ​ $ 2,267 ​ $ 7,610 ​ $ 11,752 ​ $ 269 ​ The Company’s past due and non-accrual loans as of December 31, 2023 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ Non-Accrual ​ ​ 30-89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ with no ​ ​ Past Due ​ Past Due ​ Non- ​ ​ ​ ​ specifically ​ ​ Accruing ​ and Accruing ​ Accrual ​ Total ​ allocated ACL Commercial/industrial ​ $ 4,303 ​ $ 106 ​ $ 1,344 ​ $ 5,753 ​ $ 365 Commercial real estate - owner occupied ​ 180 ​ 252 ​ 3,877 ​ 4,309 ​ 343 Commercial real estate - non-owner occupied ​ 14 ​ — ​ — ​ 14 ​ — Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and development ​ — ​ — ​ — ​ — ​ — Residential 1‑4 family ​ 871 ​ 507 ​ 429 ​ 1,807 ​ 394 Consumer ​ 68 ​ 28 ​ 12 ​ 108 ​ 11 Other ​ — ​ — ​ — ​ — ​ — ​ ​ $ 5,436 ​ $ 893 ​ $ 5,662 ​ $ 11,991 ​ $ 1,113 ​
Schedule of collateral dependent loans by portfolio segment and collateral type	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateral Type ​ ​ ​ ​ ​ ​ ​ ​ ​ As of March 31, 2024 ​ ​ ​ ​ Other ​ ​ ​ ​ Without an ​ With an ​ Allowance ​ ​ Real Estate ​ Business Assets ​ Total ​ Allowance ​ Allowance ​ Allocation Commercial/industrial ​ $ — ​ $ 4,624 ​ $ 4,624 ​ $ — ​ $ 4,624 ​ $ 872 Commercial real estate - owner occupied ​ 9,344 ​ — ​ 9,344 ​ — ​ 9,344 ​ 4,321 Commercial real estate - non-owner occupied ​ — ​ — ​ — ​ — ​ — ​ — Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and development ​ 707 ​ — ​ 707 ​ 707 ​ — ​ — Residential 1‑4 family ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — Other ​ — ​ — ​ — ​ — ​ — ​ — Total Loans ​ $ 10,051 ​ $ 4,624 ​ $ 14,675 ​ $ 707 ​ $ 13,968 ​ $ 5,193 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateral Type ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ ​ ​ ​ Other ​ ​ ​ ​ Without an ​ With an ​ Allowance ​ ​ Real Estate ​ Business Assets ​ Total ​ Allowance ​ Allowance ​ Allocation Commercial/industrial ​ $ — ​ $ 5,320 ​ $ 5,320 ​ $ 47 ​ $ 5,273 ​ $ 1,089 Commercial real estate - owner occupied ​ 8,131 ​ — ​ 8,131 ​ 794 ​ 7,337 ​ 3,156 Commercial real estate - non-owner occupied ​ — ​ — ​ — ​ — ​ — ​ — Multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and development ​ — ​ — ​ — ​ — ​ — ​ — Residential 1‑4 family ​ 35 ​ — ​ 35 ​ 35 ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​ — ​ — Other ​ — ​ — ​ — ​ — ​ — ​ — Total Loans ​ $ 8,166 ​ $ 5,320 ​ $ 13,486 ​ $ 876 ​ $ 12,610 ​ $ 4,245 ​
Schedule of loans by risk ratings and year of origination	The following tables present total loans by risk ratings and year of origination. Loans acquired from other previously acquired institutions have been included in the table based upon the actual origination date. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ As of March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Revolving ​ to Term ​ Total Commercial/industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 18,760 $ 59,266 $ 127,515 $ 58,432 $ 49,594 $ 27,040 $ 91,935 $ - $ 432,542 Grade 5 ​ 4,163 ​ 8,763 ​ 5,146 ​ 11,897 ​ 4,729 ​ 3,334 ​ 23,382 ​ - ​ 61,414 Grade 6 ​ - ​ 848 ​ 88 ​ 628 ​ 135 ​ 240 ​ 1,639 ​ - ​ 3,578 Grade 7 ​ 9 ​ 345 ​ 251 ​ 5,068 ​ 1,998 ​ 1,511 ​ 4,214 ​ - ​ 13,396 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 22,932 $ 69,222 $ 133,000 $ 76,025 $ 56,456 $ 32,125 $ 121,170 $ - $ 510,930 Current-period gross charge-offs $ - $ - $ - $ 15 $ - $ 2 $ - $ - $ 17 Commercial real estate - owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 3,042 $ 62,423 $ 105,056 $ 165,290 $ 105,647 $ 214,671 $ 57,259 $ - $ 713,388 Grade 5 ​ 950 ​ 7,991 ​ 22,074 ​ 24,820 ​ 12,739 ​ 32,669 ​ 12,510 ​ - ​ 113,753 Grade 6 ​ - ​ - ​ 2,128 ​ 2,811 ​ 1,032 ​ 8,696 ​ 967 ​ - ​ 15,634 Grade 7 ​ - ​ 3,108 ​ 7,471 ​ 7,629 ​ 1,307 ​ 28,047 ​ 2,657 ​ - ​ 50,219 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 3,992 $ 73,522 $ 136,729 $ 200,550 $ 120,725 $ 284,083 $ 73,393 $ - $ 892,994 Current-period gross charge-offs $ - $ - $ - $ - $ - $ 1 $ - $ - $ 1 Commercial real estate - non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 5,547 $ 54,765 $ 71,752 $ 143,488 $ 52,556 $ 121,594 $ 10,326 $ - $ 460,028 Grade 5 ​ 12,427 ​ 935 ​ 3,690 ​ 2,769 ​ 2,928 ​ 15,794 ​ - ​ - ​ 38,543 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ 187 ​ - ​ - ​ 187 Grade 7 ​ - ​ - ​ 124 ​ 64 ​ 362 ​ 3,261 ​ - ​ - ​ 3,811 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 17,974 $ 55,700 $ 75,566 $ 146,321 $ 55,846 $ 140,836 $ 10,326 $ - $ 502,569 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 1,288 $ 25,227 $ 26,948 $ 101,366 $ 73,615 $ 84,680 $ 2,257 $ - $ 315,381 Grade 5 ​ 786 ​ 884 ​ 1,893 ​ 4,278 ​ - ​ 26 ​ - ​ - ​ 7,867 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 2,074 $ 26,111 $ 28,841 $ 105,644 $ 73,615 $ 84,706 $ 2,257 $ - $ 323,248 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Construction and development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 3,900 $ 81,137 $ 72,161 $ 12,663 $ 4,869 $ 6,514 $ 392 $ - $ 181,636 Grade 5 ​ 224 ​ 18,527 ​ 1,190 ​ 3,844 ​ 716 ​ 214 ​ 798 ​ - ​ 25,513 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ 707 ​ - ​ - ​ 169 ​ 782 ​ - ​ - ​ 1,658 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 4,124 $ 100,371 $ 73,351 $ 16,507 $ 5,754 $ 7,510 $ 1,190 $ - $ 208,807 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential 1 ‑ 4 family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 9,928 $ 102,344 $ 192,776 $ 195,856 $ 155,273 $ 116,910 $ 82,525 $ - $ 855,612 Grade 5 ​ 1,351 ​ 3,916 ​ 6,489 ​ 3,015 ​ 222 ​ 2,797 ​ 319 ​ - ​ 18,109 Grade 6 ​ - ​ 156 ​ 317 ​ - ​ - ​ 180 ​ - ​ - ​ 653 Grade 7 ​ - ​ 314 ​ 322 ​ 1,066 ​ 1,010 ​ 2,775 ​ 168 ​ - ​ 5,655 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 11,279 $ 106,730 $ 199,904 $ 199,937 $ 156,505 $ 122,662 $ 83,012 $ - $ 880,029 Current-period gross charge-offs $ - $ - $ - $ - $ - $ 1 $ - $ - $ 1 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 9,851 $ 18,017 $ 11,363 $ 5,868 $ 4,089 $ 2,286 $ 593 $ - $ 52,067 Grade 5 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ 19 ​ - ​ - ​ 19 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 9,851 $ 18,017 $ 11,363 $ 5,868 $ 4,089 $ 2,305 $ 593 $ - $ 52,086 Current-period gross charge-offs $ - $ - $ - $ - $ - $ 4 $ - $ - $ 4 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 855 $ 192 $ 651 $ 543 $ 832 $ 9,630 $ 2,055 $ - $ 14,758 Grade 5 ​ - ​ - ​ - ​ - ​ - ​ - ​ 86 ​ - ​ 86 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 855 $ 192 $ 651 $ 543 $ 832 $ 9,630 $ 2,141 $ - $ 14,844 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ 29 $ - $ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans $ 73,081 $ 449,865 $ 659,405 $ 751,395 $ 473,822 $ 683,857 $ 294,082 $ - $ 3,385,507 Total current-period gross charge-offs $ - $ - $ - $ 15 $ - $ 8 $ 29 $ - $ 52 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Revolving ​ to Term ​ Total Commercial/industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 59,526 $ 133,469 $ 62,894 $ 54,552 $ 10,380 $ 20,575 $ 78,439 $ - $ 419,835 Grade 5 ​ 6,127 ​ 5,367 ​ 11,641 ​ 4,208 ​ 1,180 ​ 3,039 ​ 21,420 ​ - ​ 52,982 Grade 6 ​ 671 ​ 93 ​ 61 ​ 206 ​ - ​ - ​ 627 ​ - ​ 1,658 Grade 7 ​ 365 ​ 271 ​ 5,756 ​ 2,351 ​ 30 ​ 1,687 ​ 3,563 ​ - ​ 14,023 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 66,689 $ 139,200 $ 80,352 $ 61,317 $ 11,590 $ 25,301 $ 104,049 $ - $ 488,498 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial real estate - owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 55,239 $ 105,187 $ 167,124 $ 108,680 $ 47,115 $ 178,586 $ 33,220 $ - $ 695,151 Grade 5 ​ 7,586 ​ 24,734 ​ 24,890 ​ 12,955 ​ 11,168 ​ 26,179 ​ 21,519 ​ - ​ 129,031 Grade 6 ​ - ​ 1,161 ​ 1,694 ​ 110 ​ 867 ​ 6,552 ​ 699 ​ - ​ 11,083 Grade 7 ​ 3,143 ​ 9,988 ​ 10,061 ​ 2,313 ​ 14,775 ​ 15,777 ​ 2,655 ​ - ​ 58,712 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 65,968 $ 141,070 $ 203,769 $ 124,058 $ 73,925 $ 227,094 $ 58,093 $ - $ 893,977 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial real estate - non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 54,774 $ 72,336 $ 127,450 $ 53,341 $ 45,898 $ 84,129 $ 9,870 $ - $ 447,798 Grade 5 ​ 944 ​ 4,819 ​ 2,872 ​ 3,516 ​ 97 ​ 10,081 ​ - ​ - ​ 22,329 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ 64 ​ 366 ​ 2,722 ​ 550 ​ - ​ - ​ 3,702 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 55,718 $ 77,155 $ 130,386 $ 57,223 $ 48,717 $ 94,760 $ 9,870 $ - $ 473,829 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial real estate - multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 25,099 $ 28,144 $ 103,804 $ 74,083 $ 25,640 $ 61,589 $ 2,149 $ - $ 320,508 Grade 5 ​ 672 ​ 1,092 ​ 10,660 ​ - ​ - ​ 27 ​ - ​ - ​ 12,451 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 25,771 $ 29,236 $ 114,464 $ 74,083 $ 25,640 $ 61,616 $ 2,149 $ - $ 332,959 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Construction and development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 65,134 $ 67,396 $ 35,017 $ 5,013 $ 1,853 $ 4,281 $ 779 $ - $ 179,473 Grade 5 ​ 11,796 ​ 1,190 ​ 6,060 ​ 743 ​ - ​ 84 ​ 808 ​ - ​ 20,681 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ 707 ​ - ​ - ​ 172 ​ - ​ 790 ​ - ​ - ​ 1,669 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 77,637 $ 68,586 $ 41,077 $ 5,928 $ 1,853 $ 5,155 $ 1,587 $ - $ 201,823 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential 1 ‑ 4 family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 102,529 $ 199,295 $ 197,713 $ 160,489 $ 44,411 $ 77,644 $ 80,659 $ - $ 862,740 Grade 5 ​ 3,816 ​ 4,819 ​ 6,269 ​ 119 ​ 612 ​ 2,465 ​ 604 ​ - ​ 18,704 Grade 6 ​ 158 ​ 319 ​ 810 ​ - ​ - ​ 180 ​ 249 ​ - ​ 1,716 Grade 7 ​ 316 ​ 366 ​ 29 ​ 1,022 ​ 400 ​ 2,947 ​ 172 ​ - ​ 5,252 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 106,819 $ 204,799 $ 204,821 $ 161,630 $ 45,423 $ 83,236 $ 81,684 $ - $ 888,412 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 23,711 $ 12,497 $ 6,570 $ 4,498 $ 1,194 $ 1,326 $ 925 $ - $ 50,721 Grade 5 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ 20 ​ - ​ - ​ 20 Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 23,711 $ 12,497 $ 6,570 $ 4,498 $ 1,194 $ 1,346 $ 925 $ - $ 50,741 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ 4 $ - $ 4 Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grades 1-4 $ 347 $ 663 $ 551 $ 1,076 $ 38 $ 9,697 $ 2,520 $ - $ 14,892 Grade 5 ​ - ​ - ​ - ​ - ​ - ​ - ​ 88 ​ - ​ 88 Grade 6 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 7 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Grade 8 ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total $ 347 $ 663 $ 551 $ 1,076 $ 38 $ 9,697 $ 2,608 $ - $ 14,980 Current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ 84 $ - $ 84 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans $ 422,660 $ 673,206 $ 781,990 $ 489,813 $ 208,380 $ 508,205 $ 260,965 $ - $ 3,345,219 Total current-period gross charge-offs $ - $ - $ - $ - $ - $ - $ 88 $ - $ 88 ​

MORTGAGE SERVICING RIGHTS (Tabl

MORTGAGE SERVICING RIGHTS (Tables)	3 Months Ended
	Mar. 31, 2024
MORTGAGE SERVICING RIGHTS
Schedule of analysis of activity in the MSR asset	Following is an analysis of activity in the MSR asset: ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Year Ended ​ ​ March 31, 2024 ​ December 31, 2023 Fair value at beginning of period ​ $ 13,668 ​ $ 9,582 ​ ​ ​ ​ ​ ​ ​ Servicing asset additions ​ 189 ​ 879 Loan payments and payoffs ​ (363) ​ (1,624) Changes in valuation inputs and assumptions used in the valuation model ​ (138) ​ 1,140 Amount recognized through earnings ​ ​ (312) ​ ​ 395 MSR asset acquired ​ — ​ 3,691 Fair value at end of period ​ $ 13,356 ​ $ 13,668 ​ ​ ​ ​ ​ ​ ​ Unpaid principal balance of loans serviced for others ​ $ 1,170,466 ​ $ 1,175,709 Mortgage servicing rights as a percent of loans serviced for others ​ 1.14 ​ 1.16

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2024
NOTES PAYABLE
Schedule of advances, rate, and maturities of FHLB advances	The advances, rate, and maturities of FHLB advances were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ Maturity ​ Rate ​ 2024 ​ 2023 Fixed rate, fixed term ​ 03/23/2026 ​ 4.02% ​ $ 10,000 ​ $ 10,000 Fixed rate, fixed term ​ 05/26/2026 ​ 1.95% ​ ​ 5,000 ​ ​ 5,000 Fixed rate, fixed term ​ 03/23/2027 ​ 3.91% ​ ​ 10,000 ​ ​ 10,000 Fixed rate, fixed term ​ 03/23/2028 ​ 3.85% ​ ​ 10,000 ​ ​ 10,000 Fixed rate, fixed term ​ 04/22/2030 ​ 0.00% ​ ​ 508 ​ ​ 508 ​ ​ ​ ​ ​ ​ ​ 35,508 ​ ​ 35,508 Adjustment due to purchase accounting ​ ​ ​ ​ ​ ​ (213) ​ ​ (238) ​ ​ ​ ​ ​ ​ $ 35,295 ​ $ 35,270 ​
Schedule of future maturities of borrowings	Future maturities of borrowings were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 1 year or less ​ $ — ​ $ — 1 to 2 years ​ 10,000 ​ — 2 to 3 years ​ 15,000 ​ 15,000 3 to 4 years ​ 10,000 ​ 10,000 4 to 5 years ​ — ​ 10,000 Over 5 years ​ ​ 508 ​ ​ 508 ​ ​ $ 35,508 ​ $ 35,508 ​

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2024
REGULATORY MATTERS
Schedule of Actual and required capital amounts and ratios	Actual and required capital amounts and ratios are presented below at period-end: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Capitalized Under ​ ​ ​ ​ ​ ​ ​ For Capital ​ Adequacy with ​ Prompt Corrective ​ ​ Actual ​ Adequacy Purposes ​ Capital Buffer ​ Action Provisions ​ Amount Ratio Amount Ratio Amount Ratio Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ Company ​ $ 473,440 13.49 % $ 280,722 8.00 % $ 368,447 10.50 % ​ NA NA ​ Bank ​ $ 429,412 12.24 % $ 280,562 8.00 % $ 368,237 10.50 % $ 350,702 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 423,164 12.06 % $ 210,541 6.00 % $ 298,267 8.50 % ​ NA NA ​ Bank ​ $ 391,136 11.15 % $ 210,421 6.00 % $ 298,097 8.50 % $ 280,562 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 423,164 12.06 % $ 157,906 4.50 % $ 245,632 7.00 % ​ NA NA ​ Bank ​ $ 391,136 11.15 % $ 157,816 4.50 % $ 245,491 7.00 % $ 227,956 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 423,164 10.73 % $ 157,788 4.00 % $ 157,788 4.00 % ​ NA NA ​ Bank ​ $ 391,136 9.91 % $ 157,946 4.00 % $ 157,946 4.00 % $ 197,433 5.00 % December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Company ​ $ 484,398 13.99 % $ 276,904 8.00 % $ 363,437 10.50 % ​ NA NA ​ Bank ​ $ 446,634 12.91 % $ 276,726 8.00 % $ 363,202 10.50 % $ 345,907 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 437,979 12.65 % $ 207,678 6.00 % $ 294,211 8.50 % ​ NA NA ​ Bank ​ $ 412,215 11.92 % $ 207,544 6.00 % $ 294,021 8.50 % $ 276,726 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 433,979 12.54 % $ 155,759 4.50 % $ 242,291 7.00 % ​ NA NA ​ Bank ​ $ 412,215 11.92 % $ 155,658 4.50 % $ 242,135 7.00 % $ 224,840 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ Company ​ $ 437,979 11.05 % $ 158,581 4.00 % $ 158,581 4.00 % ​ NA NA ​ Bank ​ $ 412,215 10.40 % $ 158,585 4.00 % $ 158,585 4.00 % $ 198,231 5.00 % ​

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2024
COMMITMENTS AND CONTINGENCIES
Schedule of commitments outstanding	The following commitments were outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount ​ March 31, 2024 ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Commitments to extend credit: ​ ​ Fixed ​ $ 70,444 ​ $ 92,113 Variable ​ 726,486 ​ 707,285 Credit card arrangements ​ 21,807 ​ 21,213 Letters of credit ​ 10,951 ​ 9,785 ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
FAIR VALUE MEASUREMENTS
Schedule of fair value of assets measured at fair value on a recurring basis	Information regarding the fair value of assets measured at fair value on a recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Instruments Markets Other Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) March 31, 2024 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 27,045 ​ $ — ​ $ 27,045 ​ $ — Obligations of states and political subdivisions ​ 57,566 ​ — ​ 57,566 ​ — Mortgage-backed securities ​ ​ 34,775 ​ ​ — ​ ​ 34,775 ​ ​ — Corporate notes ​ 19,034 ​ — ​ 19,034 ​ — Mortgage servicing rights ​ 13,356 ​ — ​ 13,356 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 28,294 ​ $ — ​ $ 28,294 ​ $ — Obligations of states and political subdivisions ​ 58,246 ​ — ​ 58,246 ​ — Mortgage-backed securities ​ ​ 36,130 ​ ​ — ​ ​ 36,130 ​ ​ — Corporate notes ​ 19,038 ​ — ​ 19,038 ​ — Certificates of deposit ​ ​ 489 ​ ​ — ​ ​ 489 ​ ​ — Mortgage servicing rights ​ 13,668 ​ — ​ 13,668 ​ —
Schedule of fair value of assets measured on a non-recurring basis	Information regarding the fair value of assets measured at fair value on a non-recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ In Active ​ Significant ​ ​ ​ ​ ​ Assets ​ Markets ​ Other ​ Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) March 31, 2024 ​ ​ ​ ​ OREO ​ $ 2,674 ​ $ — ​ $ — ​ $ 2,674 Loans individually evaluated, net of reserve ​ ​ 9,482 ​ ​ — ​ ​ — ​ ​ 9,482 ​ ​ $ 12,156 ​ $ — ​ $ — ​ $ 12,156 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ OREO ​ $ 2,573 ​ $ — ​ $ — ​ $ 2,573 Loans individually evaluated, net of reserve ​ 9,242 ​ — ​ — ​ 9,242 ​ ​ $ 11,815 ​ $ — ​ $ — ​ $ 11,815
Schedule of fair value measurement on inputs and valuation techniques	The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Unobservable ​ Range of ​ Average ​ ​ Valuation Technique ​ Inputs ​ Discounts Discount ​ As of March 31, 2024 ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 3% - 61 % 42 % Loans individually evaluated Third party appraisals and discounted cash flows Collateral discounts and discount rates 18% - 38 % 35 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 3% - 71 % 38 % Loans individually evaluated Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 53 % 31 % ​
Schedule of carrying value and estimated fair value of financial instruments	The carrying value and estimated fair value of financial instruments not measured and reported at fair value on a recurring or non-recurring basis at March 31, 2024 and December 31, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 amount Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 83,374 ​ $ 83,374 ​ $ — ​ $ — ​ $ 83,374 Securities held to maturity ​ 111,732 ​ 107,006 ​ 3,861 ​ — ​ 110,867 Loans held for sale ​ 1,293 ​ — ​ — ​ 1,293 ​ 1,293 Loans, net ​ 3,339,017 ​ — ​ — ​ 3,190,622 ​ 3,190,622 Other investments ​ 21,290 ​ — ​ — ​ 21,290 ​ 21,290 Mortgage servicing rights ​ 13,356 ​ — ​ 13,356 ​ — ​ 13,356 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 3,416,039 ​ $ — ​ $ — ​ $ 3,138,967 ​ $ 3,138,967 Notes payable ​ ​ 35,295 ​ ​ — ​ ​ 35,295 ​ ​ — ​ ​ 35,295 Subordinated notes ​ 12,000 ​ ​ — ​ ​ 12,000 ​ ​ — ​ ​ 12,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 247,468 ​ $ 247,468 ​ $ — ​ $ — ​ $ 247,468 Securities held to maturity ​ 103,324 ​ 99,475 ​ 4,151 ​ — ​ 103,626 Loans held for sale ​ 3,012 ​ — ​ — ​ 3,012 ​ 3,012 Loans, net ​ 3,299,365 ​ — ​ — ​ 3,168,749 ​ 3,168,749 Other investments ​ 21,366 ​ — ​ — ​ 21,366 ​ 21,366 Mortgage servicing rights ​ 13,668 ​ — ​ 13,668 ​ — ​ 13,668 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 3,432,920 ​ — ​ — ​ 3,153,512 ​ ​ 3,153,512 Securities sold under repurchase agreements ​ ​ 75,747 ​ ​ — ​ ​ 75,747 ​ ​ — ​ ​ 75,747 Notes payable ​ 35,270 ​ ​ — ​ ​ 35,270 ​ ​ — ​ ​ 35,270 Subordinated notes ​ 12,000 ​ ​ — ​ ​ 12,000 ​ ​ — ​ ​ 12,000 Junior subordinated debentures ​ ​ 4,124 ​ ​ — ​ ​ 4,124 ​ ​ — ​ ​ 4,124

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2024
STOCK BASED COMPENSATION
Schedule of share-based compensation, restricted stock and restricted stock units activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the period ended ​ For the period ended ​ ​ March 31, 2024 ​ March 31, 2023 ​ ​ Weighted- ​ Weighted- ​ ​ ​ ​ Average Grant- ​ ​ ​ Average Grant- ​ ​ Shares ​ Date Fair Value ​ Shares ​ Date Fair Value Restricted Stock ​ ​ Outstanding at beginning of period 58,196 ​ $ 72.28 59,272 ​ $ 65.85 Granted 24,581 ​ 85.85 25,375 ​ 80.17 Vested (30,143) ​ 71.14 (25,762) ​ 62.05 Forfeited or cancelled — ​ — (820) ​ 65.09 Outstanding at end of period 52,634 ​ $ 79.27 58,065 ​ $ 71.41 ​

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
LEASES
Schedule of lease cost and other information related to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended (dollars in thousands) March 31, 2024 March 31, 2023 Amortization of ROU Assets - Operating Leases ​ $ — ​ $ (1) ​ Interest on Lease Liabilities - Operating Leases ​ 22 ​ ​ 22 ​ Operating Lease Cost (Cost resulting from lease payments) ​ 21 ​ ​ 21 ​ Weighted Average Lease Term (Years) - Operating Leases ​ 29.75 ​ ​ 30.75 ​ Weighted Average Discount Rate - Operating Leases ​ 5.50 % ​ 5.50 %
Schedule of maturity analysis of operating lease liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of March 31, 2024 is as follows: ​ ​ ​ ​ ​ ​ March 31, 2024 Operating lease payments due: ​ ​ Within one year ​ $ 85 After one but within two years ​ ​ 88 After two but within three years ​ ​ 94 After three but within four years ​ ​ 94 After four years but within five years ​ ​ 94 After five years ​ ​ 3,020 Total undiscounted cash flows ​ ​ 3,475 Discount on cash flows ​ ​ (1,891) Total operating lease liabilities ​ $ 1,584 ​

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	Mar. 31, 2024 item
BASIS OF PRESENTATION
Number of bank locations	26

ACQUISITIONS - Hometown (Detail

ACQUISITIONS - Hometown (Details) - Hometown $ / shares in Units, $ in Thousands		3 Months Ended
	Feb. 10, 2023 USD ($) item $ / shares shares	Mar. 31, 2023 shares
ACQUISITIONS
Number of branches operated | item	10
Total amount of merger consideration	$ 130,452
Number of company shares received for each share of acquisition company common stock | shares	0.3962
Acquisition price, cash per share | $ / shares	$ 29.16
Maximum percentage of total consideration consisting of cash	30%
Common stock issued in acquisition | shares	1,450,272	115,079,000
Value of shares issued in business combination	$ 115,100
Cash paid as consideration	$ 15,400

ACQUISITIONS - Hometown - Fair

ACQUISITIONS - Hometown - Fair value of assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands	Feb. 10, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
ACQUISITIONS
Goodwill		$ 175,106	$ 175,106
Hometown
ACQUISITIONS
Cash, cash equivalents and securities	$ 173,572
Other investments	1,195
Loans, net	395,801
Premises and equipment, net	6,468
Core deposit intangible	16,490
Other assets	21,579
Total assets acquired	615,105			$ 615,105
Deposits	532,374
Other borrowings	4,669
Junior subordinated debentures	10,908
Other liabilities	1,613
Total liabilities assumed	549,564			549,564
Excess of assets acquired over liabilities assumed	65,541			$ 65,541
Less: purchase price	130,452
Goodwill	64,911
Refinement to fair value estimates	(30)
Goodwill (after refinement)	64,881
Hometown | Adjustments
ACQUISITIONS
Cash, cash equivalents and securities	(1,010)
Loans, net	(10,367)
Premises and equipment, net	(1,109)
Core deposit intangible	16,085
Other assets	(6,432)
Total assets acquired	(2,833)
Deposits	209
Other borrowings	(331)
Junior subordinated debentures	(1,464)
Other liabilities	1,144
Total liabilities assumed	(442)
Excess of assets acquired over liabilities assumed	(2,391)
Hometown | Previously Reported
ACQUISITIONS
Cash, cash equivalents and securities	174,582
Other investments	1,195
Loans, net	406,168
Premises and equipment, net	7,577
Core deposit intangible	405
Other assets	28,011
Total assets acquired	617,938
Deposits	532,165
Other borrowings	5,000
Junior subordinated debentures	12,372
Other liabilities	469
Total liabilities assumed	550,006
Excess of assets acquired over liabilities assumed	$ 67,932

ACQUISITIONS - Hometown - Loans

ACQUISITIONS - Hometown - Loans purchased through acquisition (Details) - Hometown $ in Thousands	Feb. 10, 2023 USD ($)
ACQUISITIONS
Purchase price of PCD loans at acquisition	$ 25,778
Non-credit discount on PCD loans at acquisition	4,498
Allowance for credit losses on PCD loans at acquisition	5,534
Par value of PCD acquired loans at acquisition	$ 35,810

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
EARNINGS PER SHARE
Antidilutive Securities excluded from computation of earnings per share, amount	0	0
Basic
Net income available to common shareholders	$ 15,412	$ 10,680
Less: Earnings allocated to participating securities	(84)	(64)
Net income available to common shareholders	$ 15,328	$ 10,616
Weighted average common shares outstanding including participating securities	10,233,347	9,772,852
Less: Participating securities	(55,415)	(58,668)
Average shares outstanding, basic	10,177,932	9,714,184
Basic earnings per common shares	$ 1.51	$ 1.09
Diluted
Net income available to common shareholders	$ 15,412	$ 10,680
Weighted average common shares outstanding for basic earnings per common share	10,177,932	9,714,184
Add: Dilutive effects of stock based compensation awards	23,441	23,695
Average shares and dilutive potential common shares	10,201,373	9,737,879
Diluted earnings per common share	$ 1.51	$ 1.09

SECURITIES - Summary of securit

SECURITIES - Summary of securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available for sale securities
Amortized Cost	$ 151,360	$ 154,318
Gross Unrealized Gains	17	86
Gross Unrealized Losses	(12,957)	(12,207)
Estimated Fair Value	138,420	142,197
Held to maturity securities
Amortized Cost	111,732	103,324
Gross Unrealized Gains	671	1,372
Gross Unrealized Losses	(1,536)	(1,070)
Estimated Fair Value	110,867	103,626
U.S. Treasury securities
Held to maturity securities
Amortized Cost	107,871	99,173
Gross Unrealized Gains	671	1,372
Gross Unrealized Losses	(1,536)	(1,070)
Estimated Fair Value	107,006	99,475
Obligations of U.S. Government sponsored agencies
Available for sale securities
Amortized Cost	30,389	31,453
Gross Unrealized Gains		4
Gross Unrealized Losses	(3,344)	(3,163)
Estimated Fair Value	27,045	28,294
Obligations of states and political subdivisions
Available for sale securities
Amortized Cost	63,576	63,929
Gross Unrealized Gains	16	77
Gross Unrealized Losses	(6,026)	(5,760)
Estimated Fair Value	57,566	58,246
Held to maturity securities
Amortized Cost	3,861	4,151
Estimated Fair Value	3,861	4,151
Mortgage-backed securities
Available for sale securities
Amortized Cost	36,733	37,789
Gross Unrealized Gains	1	5
Gross Unrealized Losses	(1,959)	(1,664)
Estimated Fair Value	34,775	36,130
Corporate notes
Available for sale securities
Amortized Cost	20,662	20,657
Gross Unrealized Losses	(1,628)	(1,619)
Estimated Fair Value	$ 19,034	19,038
Certificates of deposit
Available for sale securities
Amortized Cost		490
Gross Unrealized Losses		(1)
Estimated Fair Value		$ 489

SECURITIES - Fair value and gro

SECURITIES - Fair value and gross unrealized losses of securities with unrealized losses (Details) $ in Thousands	Mar. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Available for Sale
Less Than 12 Months, Fair Value	$ 29,516	$ 24,002
Less Than 12 Months, Unrealized Losses	(605)	(407)
Greater Than 12 Months, Fair Value	102,012	102,147
Greater Than 12 Months, Unrealized Losses	(12,352)	(11,800)
Total, Fair Value	131,528	126,149
Total, Unrealized Losses	$ (12,957)	$ (12,207)
Number of Securities | item	214	204
Held to Maturity
Less Than 12 Months, Fair Value		$ 31,785
Less Than 12 Months, Unrealized Losses		(99)
Greater Than 12 Months, Fair Value		35,582
Greater Than 12 Months, Unrealized Losses		(971)
Total, Fair Value		67,367
Total, Unrealized Losses		$ (1,070)
Number of Securities | item		50
Debt Securities, Available for Sale, Allowance for credit losses	$ 0
Debt Securities, Held to maturity, Allowance for credit losses	0
U.S. Treasury securities
Held to Maturity
Less Than 12 Months, Fair Value	49,015	$ 31,785
Less Than 12 Months, Unrealized Losses	(527)	(99)
Greater Than 12 Months, Fair Value	30,465	35,362
Greater Than 12 Months, Unrealized Losses	(1,009)	(971)
Total, Fair Value	79,480	67,147
Total, Unrealized Losses	$ (1,536)	$ (1,070)
Number of Securities | item	51	49
Obligations of U.S. Government sponsored agencies
Available for Sale
Less Than 12 Months, Fair Value	$ 8,519	$ 6,519
Less Than 12 Months, Unrealized Losses	(272)	(173)
Greater Than 12 Months, Fair Value	18,526	19,519
Greater Than 12 Months, Unrealized Losses	(3,072)	(2,990)
Total, Fair Value	27,045	26,038
Total, Unrealized Losses	$ (3,344)	$ (3,163)
Number of Securities | item	27	24
Obligations of states and political subdivisions
Available for Sale
Less Than 12 Months, Fair Value	$ 8,919	$ 6,806
Less Than 12 Months, Unrealized Losses	(96)	(71)
Greater Than 12 Months, Fair Value	43,014	40,959
Greater Than 12 Months, Unrealized Losses	(5,930)	(5,689)
Total, Fair Value	51,933	47,765
Total, Unrealized Losses	$ (6,026)	$ (5,760)
Number of Securities | item	70	65
Held to Maturity
Greater Than 12 Months, Fair Value		$ 220
Total, Fair Value		$ 220
Number of Securities | item		1
Mortgage-backed securities
Available for Sale
Less Than 12 Months, Fair Value	$ 7,116	$ 5,751
Less Than 12 Months, Unrealized Losses	(202)	(95)
Greater Than 12 Months, Fair Value	27,532	28,693
Greater Than 12 Months, Unrealized Losses	(1,757)	(1,569)
Total, Fair Value	34,648	34,444
Total, Unrealized Losses	$ (1,959)	$ (1,664)
Number of Securities | item	107	104
Corporate notes
Available for Sale
Less Than 12 Months, Fair Value	$ 4,962	$ 4,926
Less Than 12 Months, Unrealized Losses	(35)	(68)
Greater Than 12 Months, Fair Value	12,940	12,487
Greater Than 12 Months, Unrealized Losses	(1,593)	(1,551)
Total, Fair Value	17,902	17,413
Total, Unrealized Losses	$ (1,628)	$ (1,619)
Number of Securities | item	10	9
Certificates of Deposits
Available for Sale
Greater Than 12 Months, Fair Value		$ 489
Greater Than 12 Months, Unrealized Losses		(1)
Total, Fair Value		489
Total, Unrealized Losses		$ (1)
Number of Securities | item		2

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and estimated fair value of securities by contractual maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available for Sale, Amortized Cost
Due in one year or less	$ 7,300
Due after one year through 5 years	16,975
Due after 5 years through ten years	39,030
Due after 10 years	51,322
Subtotal	114,627
Mortgage-backed securities	36,733
Amortized Cost	151,360	$ 154,318
Available for Sale, Estimated Fair Value
Due in one year or less	7,260
Due after one year through 5 years	16,651
Due after 5 years through ten years	35,338
Due after 10 years	44,396
Subtotal	103,645
Mortgage-backed securities	34,775
Total	138,420	142,197
Held to Maturity, Amortized Cost
Due in one year or less	21,171
Due after one year through 5 years	54,677
Due after 5 years through ten years	35,884
Subtotal	111,732
Amortized Cost	111,732	103,324
Held to Maturity, Estimated Fair Value
Due in one year or less	20,949
Due after one year through 5 years	53,663
Due after 5 years through ten years	36,255
Subtotal	110,867
Total	$ 110,867	$ 103,626

SECURITIES - Sales of securitie

SECURITIES - Sales of securities available for sate (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
SECURITIES
Carrying values of pledged securities	$ 203.8		$ 204.8
Proceeds from sales of securities	$ 10.2	$ 34.2
Gross gains on sales		0.1
Gross losses on sales		$ 0.2

LOANS, ALLOWANCE FOR CREDIT L_3

LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY - Composition of loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loans
Subtotals	$ 3,385,507	$ 3,345,219
ACL - Loans	(44,378)	(43,609)	$ (43,316)	$ (22,680)
Loans, net of ACL - Loans	3,341,129	3,301,610
Deferred loan fees, net	(2,112)	(2,245)
Loans, net	3,339,017	3,299,365
Commercial/Industrial
Loans
Subtotals	510,930	488,498
ACL - Loans	(5,811)	(5,965)	(7,224)	(4,071)
Commercial real estate-owner occupied
Loans
Subtotals	892,994	893,977
ACL - Loans	(13,442)	(12,285)	(12,649)	(5,204)
Commercial real estate - non-owner occupied
Loans
Subtotals	502,569	473,829
ACL - Loans	(6,081)	(5,700)	(4,600)	(2,644)
Multi-family
Loans
Subtotals	323,248	332,959
ACL - Loans	(4,601)	(4,754)	(4,046)	(2,761)
Construction and development
Loans
Subtotals	208,807	201,823
ACL - Loans	(3,238)	(3,597)	(3,110)	(1,592)
Residential 1-4 Family
Loans
Subtotals	880,029	888,412
ACL - Loans	(10,500)	(10,620)	(10,544)	(5,944)
Consumer
Loans
Subtotals	52,086	50,741
ACL - Loans	(604)	(615)	(1,006)	(314)
Other
Loans
Subtotals	14,844	14,980
ACL - Loans	$ (101)	$ (73)	$ (137)	$ (150)

LOANS, ALLOWANCE FOR CREDIT L_4

LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY - Activity in the ACL - Loans by type (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loans
ACL - Loans, Beginning balance	$ 43,609	$ 22,680	$ 22,680
ACL on PCD loans acquired		5,534
Charge-offs	(52)	(9)
Recoveries	621	47
Provision	200	4,092	4,292
ACL - Loans, Ending balance	44,378	43,316	43,609
Adoption of CECL
Loans
ACL - Loans, Beginning balance		10,972	10,972
Commercial/Industrial
Loans
ACL - Loans, Beginning balance	5,965	4,071	4,071
ACL on PCD loans acquired		1,082
Charge-offs	(17)
Recoveries	2	1
Provision	(139)	211
ACL - Loans, Ending balance	5,811	7,224	5,965
Commercial/Industrial | Adoption of CECL
Loans
ACL - Loans, Beginning balance		1,859	1,859
Commercial real estate-owner occupied
Loans
ACL - Loans, Beginning balance	12,285	5,204	5,204
ACL on PCD loans acquired		4,424
Charge-offs	(1)
Recoveries	611	16
Provision	547	1,023
ACL - Loans, Ending balance	13,442	12,649	12,285
Commercial real estate-owner occupied | Adoption of CECL
Loans
ACL - Loans, Beginning balance		1,982	1,982
Commercial real estate - non-owner occupied
Loans
ACL - Loans, Beginning balance	5,700	2,644	2,644
Provision	381	795
ACL - Loans, Ending balance	6,081	4,600	5,700
Commercial real estate - non-owner occupied | Adoption of CECL
Loans
ACL - Loans, Beginning balance		1,161	1,161
Multi-family
Loans
ACL - Loans, Beginning balance	4,754	2,761	2,761
Provision	(153)	532
ACL - Loans, Ending balance	4,601	4,046	4,754
Multi-family | Adoption of CECL
Loans
ACL - Loans, Beginning balance		753	753
Construction and development
Loans
ACL - Loans, Beginning balance	3,597	1,592	1,592
Provision	(359)	(545)
ACL - Loans, Ending balance	3,238	3,110	3,597
Construction and development | Adoption of CECL
Loans
ACL - Loans, Beginning balance		2,063	2,063
Residential 1-4 Family
Loans
ACL - Loans, Beginning balance	10,620	5,944	5,944
ACL on PCD loans acquired		28
Charge-offs	(1)
Recoveries	3	27
Provision	(122)	1,978
ACL - Loans, Ending balance	10,500	10,544	10,620
Residential 1-4 Family | Adoption of CECL
Loans
ACL - Loans, Beginning balance		2,567	2,567
Consumer
Loans
ACL - Loans, Beginning balance	615	314	314
Charge-offs	(4)
Recoveries		1
Provision	(7)	71
ACL - Loans, Ending balance	604	1,006	615
Consumer | Adoption of CECL
Loans
ACL - Loans, Beginning balance		620	620
Other
Loans
ACL - Loans, Beginning balance	73	150	150
Charge-offs	(29)	(9)
Recoveries	5	2
Provision	52	27
ACL - Loans, Ending balance	$ 101	137	73
Other | Adoption of CECL
Loans
ACL - Loans, Beginning balance		$ (33)	$ (33)

LOANS, ALLOWANCE FOR CREDIT L_5

LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY - Provisions for credit losses (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Provision for credit losses on:
Loans	$ 200	$ 4,092	$ 4,292
Unfunded commitments		90	390
Total provision for credit losses	200	$ 4,182	4,682
Other liabilities
Loans
Reserve for unfunded commitments	$ 3,800		$ 3,800

LOANS, ALLOWANCE FOR CREDIT L_6

LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY - Past due and non-accrual loans (Details) - Past Due - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans
30-89 Days Past Due Accruing	$ 1,875	$ 5,436
90 Days or more Past Due and Accruing	2,267	893
Non-Accrual	7,610	5,662
Total	11,752	11,991
Non-Accrual with no specifically allocated ACL	269	1,113
Commercial/Industrial
Loans
30-89 Days Past Due Accruing	61	4,303
90 Days or more Past Due and Accruing		106
Non-Accrual	4,601	1,344
Total	4,662	5,753
Non-Accrual with no specifically allocated ACL		365
Commercial real estate-owner occupied
Loans
30-89 Days Past Due Accruing	179	180
90 Days or more Past Due and Accruing	1,560	252
Non-Accrual	2,754	3,877
Total	4,493	4,309
Non-Accrual with no specifically allocated ACL	14	343
Commercial real estate - non-owner occupied
Loans
30-89 Days Past Due Accruing	13	14
Total	13	14
Construction and development
Loans
30-89 Days Past Due Accruing	56
Total	56
Residential 1-4 Family
Loans
30-89 Days Past Due Accruing	1,552	871
90 Days or more Past Due and Accruing	703	507
Non-Accrual	244	429
Total	2,499	1,807
Non-Accrual with no specifically allocated ACL	244	394
Consumer
Loans
30-89 Days Past Due Accruing	14	68
90 Days or more Past Due and Accruing	4	28
Non-Accrual	11	12
Total	29	108
Non-Accrual with no specifically allocated ACL	$ 11	$ 11

LOANS, ALLOWANCE FOR CREDIT L_7

LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY - Collateral dependent loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans
Without an Allowance	$ 707	$ 876
With an Allowance	13,968	12,610
Allowance Allocation	5,193	4,245
Total
Loans
Collateral dependent loans	14,675	13,486
Real Estate
Loans
Collateral dependent loans	10,051	8,166
Other Business Assets
Loans
Collateral dependent loans	4,624	5,320
Commercial/Industrial
Loans
Without an Allowance		47
With an Allowance	4,624	5,273
Allowance Allocation	872	1,089
Commercial/Industrial | Total
Loans
Collateral dependent loans	4,624	5,320
Commercial/Industrial | Other Business Assets
Loans
Collateral dependent loans	4,624	5,320
Commercial real estate-owner occupied
Loans
Without an Allowance		794
With an Allowance	9,344	7,337
Allowance Allocation	4,321	3,156
Commercial real estate-owner occupied | Total
Loans
Collateral dependent loans	9,344	8,131
Commercial real estate-owner occupied | Real Estate
Loans
Collateral dependent loans	9,344	8,131
Construction and development
Loans
Without an Allowance	707
Construction and development | Total
Loans
Collateral dependent loans	707
Construction and development | Real Estate
Loans
Collateral dependent loans	$ 707
Residential 1-4 Family
Loans
Without an Allowance		35
Residential 1-4 Family | Total
Loans
Collateral dependent loans		35
Residential 1-4 Family | Real Estate
Loans
Collateral dependent loans		$ 35

LOANS, ALLOWANCE FOR CREDIT L_8

LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY - Total loans by risk ratings and year of origination (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Loans
Total loans	$ 3,385,507	$ 3,345,219
Current-period gross charge-offs	52	88
2024
Loans
Total loans	73,081
2023
Loans
Total loans	449,865	422,660
2022
Loans
Total loans	659,405	673,206
2021
Loans
Total loans	751,395	781,990
Current-period gross charge-offs	15
2020
Loans
Total loans	473,822	489,813
2019
Loans
Total loans		208,380
Prior to 2020
Loans
Total loans	683,857
Current-period gross charge-offs	8
Prior to 2019
Loans
Total loans		508,205
Revolving
Loans
Total loans	294,082	260,965
Current-period gross charge-offs	29	88
Commercial/Industrial
Loans
Total loans	510,930	488,498
Current-period gross charge-offs	17
Commercial/Industrial | 2024
Loans
Total loans	22,932
Commercial/Industrial | 2023
Loans
Total loans	69,222	66,689
Commercial/Industrial | 2022
Loans
Total loans	133,000	139,200
Commercial/Industrial | 2021
Loans
Total loans	76,025	80,352
Current-period gross charge-offs	15
Commercial/Industrial | 2020
Loans
Total loans	56,456	61,317
Commercial/Industrial | 2019
Loans
Total loans		11,590
Commercial/Industrial | Prior to 2020
Loans
Total loans	32,125
Current-period gross charge-offs	2
Commercial/Industrial | Prior to 2019
Loans
Total loans		25,301
Commercial/Industrial | Revolving
Loans
Total loans	121,170	104,049
Commercial/Industrial | Grades 1-4
Loans
Total loans	432,542	419,835
Commercial/Industrial | Grades 1-4 | 2024
Loans
Total loans	18,760
Commercial/Industrial | Grades 1-4 | 2023
Loans
Total loans	59,266	59,526
Commercial/Industrial | Grades 1-4 | 2022
Loans
Total loans	127,515	133,469
Commercial/Industrial | Grades 1-4 | 2021
Loans
Total loans	58,432	62,894
Commercial/Industrial | Grades 1-4 | 2020
Loans
Total loans	49,594	54,552
Commercial/Industrial | Grades 1-4 | 2019
Loans
Total loans		10,380
Commercial/Industrial | Grades 1-4 | Prior to 2020
Loans
Total loans	27,040
Commercial/Industrial | Grades 1-4 | Prior to 2019
Loans
Total loans		20,575
Commercial/Industrial | Grades 1-4 | Revolving
Loans
Total loans	91,935	78,439
Commercial/Industrial | Grade 5
Loans
Total loans	61,414	52,982
Commercial/Industrial | Grade 5 | 2024
Loans
Total loans	4,163
Commercial/Industrial | Grade 5 | 2023
Loans
Total loans	8,763	6,127
Commercial/Industrial | Grade 5 | 2022
Loans
Total loans	5,146	5,367
Commercial/Industrial | Grade 5 | 2021
Loans
Total loans	11,897	11,641
Commercial/Industrial | Grade 5 | 2020
Loans
Total loans	4,729	4,208
Commercial/Industrial | Grade 5 | 2019
Loans
Total loans		1,180
Commercial/Industrial | Grade 5 | Prior to 2020
Loans
Total loans	3,334
Commercial/Industrial | Grade 5 | Prior to 2019
Loans
Total loans		3,039
Commercial/Industrial | Grade 5 | Revolving
Loans
Total loans	23,382	21,420
Commercial/Industrial | Grade 6
Loans
Total loans	3,578	1,658
Commercial/Industrial | Grade 6 | 2023
Loans
Total loans	848	671
Commercial/Industrial | Grade 6 | 2022
Loans
Total loans	88	93
Commercial/Industrial | Grade 6 | 2021
Loans
Total loans	628	61
Commercial/Industrial | Grade 6 | 2020
Loans
Total loans	135	206
Commercial/Industrial | Grade 6 | Prior to 2020
Loans
Total loans	240
Commercial/Industrial | Grade 6 | Revolving
Loans
Total loans	1,639	627
Commercial/Industrial | Grade 7
Loans
Total loans	13,396	14,023
Commercial/Industrial | Grade 7 | 2024
Loans
Total loans	9
Commercial/Industrial | Grade 7 | 2023
Loans
Total loans	345	365
Commercial/Industrial | Grade 7 | 2022
Loans
Total loans	251	271
Commercial/Industrial | Grade 7 | 2021
Loans
Total loans	5,068	5,756
Commercial/Industrial | Grade 7 | 2020
Loans
Total loans	1,998	2,351
Commercial/Industrial | Grade 7 | 2019
Loans
Total loans		30
Commercial/Industrial | Grade 7 | Prior to 2020
Loans
Total loans	1,511
Commercial/Industrial | Grade 7 | Prior to 2019
Loans
Total loans		1,687
Commercial/Industrial | Grade 7 | Revolving
Loans
Total loans	4,214	3,563
Commercial real estate-owner occupied
Loans
Total loans	892,994	893,977
Current-period gross charge-offs	1
Commercial real estate-owner occupied | 2024
Loans
Total loans	3,992
Commercial real estate-owner occupied | 2023
Loans
Total loans	73,522	65,968
Commercial real estate-owner occupied | 2022
Loans
Total loans	136,729	141,070
Commercial real estate-owner occupied | 2021
Loans
Total loans	200,550	203,769
Commercial real estate-owner occupied | 2020
Loans
Total loans	120,725	124,058
Commercial real estate-owner occupied | 2019
Loans
Total loans		73,925
Commercial real estate-owner occupied | Prior to 2020
Loans
Total loans	284,083
Current-period gross charge-offs	1
Commercial real estate-owner occupied | Prior to 2019
Loans
Total loans		227,094
Commercial real estate-owner occupied | Revolving
Loans
Total loans	73,393	58,093
Commercial real estate-owner occupied | Grades 1-4
Loans
Total loans	713,388	695,151
Commercial real estate-owner occupied | Grades 1-4 | 2024
Loans
Total loans	3,042
Commercial real estate-owner occupied | Grades 1-4 | 2023
Loans
Total loans	62,423	55,239
Commercial real estate-owner occupied | Grades 1-4 | 2022
Loans
Total loans	105,056	105,187
Commercial real estate-owner occupied | Grades 1-4 | 2021
Loans
Total loans	165,290	167,124
Commercial real estate-owner occupied | Grades 1-4 | 2020
Loans
Total loans	105,647	108,680
Commercial real estate-owner occupied | Grades 1-4 | 2019
Loans
Total loans		47,115
Commercial real estate-owner occupied | Grades 1-4 | Prior to 2020
Loans
Total loans	214,671
Commercial real estate-owner occupied | Grades 1-4 | Prior to 2019
Loans
Total loans		178,586
Commercial real estate-owner occupied | Grades 1-4 | Revolving
Loans
Total loans	57,259	33,220
Commercial real estate-owner occupied | Grade 5
Loans
Total loans	113,753	129,031
Commercial real estate-owner occupied | Grade 5 | 2024
Loans
Total loans	950
Commercial real estate-owner occupied | Grade 5 | 2023
Loans
Total loans	7,991	7,586
Commercial real estate-owner occupied | Grade 5 | 2022
Loans
Total loans	22,074	24,734
Commercial real estate-owner occupied | Grade 5 | 2021
Loans
Total loans	24,820	24,890
Commercial real estate-owner occupied | Grade 5 | 2020
Loans
Total loans	12,739	12,955
Commercial real estate-owner occupied | Grade 5 | 2019
Loans
Total loans		11,168
Commercial real estate-owner occupied | Grade 5 | Prior to 2020
Loans
Total loans	32,669
Commercial real estate-owner occupied | Grade 5 | Prior to 2019
Loans
Total loans		26,179
Commercial real estate-owner occupied | Grade 5 | Revolving
Loans
Total loans	12,510	21,519
Commercial real estate-owner occupied | Grade 6
Loans
Total loans	15,634	11,083
Commercial real estate-owner occupied | Grade 6 | 2022
Loans
Total loans	2,128	1,161
Commercial real estate-owner occupied | Grade 6 | 2021
Loans
Total loans	2,811	1,694
Commercial real estate-owner occupied | Grade 6 | 2020
Loans
Total loans	1,032	110
Commercial real estate-owner occupied | Grade 6 | 2019
Loans
Total loans		867
Commercial real estate-owner occupied | Grade 6 | Prior to 2020
Loans
Total loans	8,696
Commercial real estate-owner occupied | Grade 6 | Prior to 2019
Loans
Total loans		6,552
Commercial real estate-owner occupied | Grade 6 | Revolving
Loans
Total loans	967	699
Commercial real estate-owner occupied | Grade 7
Loans
Total loans	50,219	58,712
Commercial real estate-owner occupied | Grade 7 | 2023
Loans
Total loans	3,108	3,143
Commercial real estate-owner occupied | Grade 7 | 2022
Loans
Total loans	7,471	9,988
Commercial real estate-owner occupied | Grade 7 | 2021
Loans
Total loans	7,629	10,061
Commercial real estate-owner occupied | Grade 7 | 2020
Loans
Total loans	1,307	2,313
Commercial real estate-owner occupied | Grade 7 | 2019
Loans
Total loans		14,775
Commercial real estate-owner occupied | Grade 7 | Prior to 2020
Loans
Total loans	28,047
Commercial real estate-owner occupied | Grade 7 | Prior to 2019
Loans
Total loans		15,777
Commercial real estate-owner occupied | Grade 7 | Revolving
Loans
Total loans	2,657	2,655
Commercial real estate - non-owner occupied
Loans
Total loans	502,569	473,829
Commercial real estate - non-owner occupied | 2024
Loans
Total loans	17,974
Commercial real estate - non-owner occupied | 2023
Loans
Total loans	55,700	55,718
Commercial real estate - non-owner occupied | 2022
Loans
Total loans	75,566	77,155
Commercial real estate - non-owner occupied | 2021
Loans
Total loans	146,321	130,386
Commercial real estate - non-owner occupied | 2020
Loans
Total loans	55,846	57,223
Commercial real estate - non-owner occupied | 2019
Loans
Total loans		48,717
Commercial real estate - non-owner occupied | Prior to 2020
Loans
Total loans	140,836
Commercial real estate - non-owner occupied | Prior to 2019
Loans
Total loans		94,760
Commercial real estate - non-owner occupied | Revolving
Loans
Total loans	10,326	9,870
Commercial real estate - non-owner occupied | Grades 1-4
Loans
Total loans	460,028	447,798
Commercial real estate - non-owner occupied | Grades 1-4 | 2024
Loans
Total loans	5,547
Commercial real estate - non-owner occupied | Grades 1-4 | 2023
Loans
Total loans	54,765	54,774
Commercial real estate - non-owner occupied | Grades 1-4 | 2022
Loans
Total loans	71,752	72,336
Commercial real estate - non-owner occupied | Grades 1-4 | 2021
Loans
Total loans	143,488	127,450
Commercial real estate - non-owner occupied | Grades 1-4 | 2020
Loans
Total loans	52,556	53,341
Commercial real estate - non-owner occupied | Grades 1-4 | 2019
Loans
Total loans		45,898
Commercial real estate - non-owner occupied | Grades 1-4 | Prior to 2020
Loans
Total loans	121,594
Commercial real estate - non-owner occupied | Grades 1-4 | Prior to 2019
Loans
Total loans		84,129
Commercial real estate - non-owner occupied | Grades 1-4 | Revolving
Loans
Total loans	10,326	9,870
Commercial real estate - non-owner occupied | Grade 5
Loans
Total loans	38,543	22,329
Commercial real estate - non-owner occupied | Grade 5 | 2024
Loans
Total loans	12,427
Commercial real estate - non-owner occupied | Grade 5 | 2023
Loans
Total loans	935	944
Commercial real estate - non-owner occupied | Grade 5 | 2022
Loans
Total loans	3,690	4,819
Commercial real estate - non-owner occupied | Grade 5 | 2021
Loans
Total loans	2,769	2,872
Commercial real estate - non-owner occupied | Grade 5 | 2020
Loans
Total loans	2,928	3,516
Commercial real estate - non-owner occupied | Grade 5 | 2019
Loans
Total loans		97
Commercial real estate - non-owner occupied | Grade 5 | Prior to 2020
Loans
Total loans	15,794
Commercial real estate - non-owner occupied | Grade 5 | Prior to 2019
Loans
Total loans		10,081
Commercial real estate - non-owner occupied | Grade 6
Loans
Total loans	187
Commercial real estate - non-owner occupied | Grade 6 | Prior to 2020
Loans
Total loans	187
Commercial real estate - non-owner occupied | Grade 7
Loans
Total loans	3,811	3,702
Commercial real estate - non-owner occupied | Grade 7 | 2022
Loans
Total loans	124
Commercial real estate - non-owner occupied | Grade 7 | 2021
Loans
Total loans	64	64
Commercial real estate - non-owner occupied | Grade 7 | 2020
Loans
Total loans	362	366
Commercial real estate - non-owner occupied | Grade 7 | 2019
Loans
Total loans		2,722
Commercial real estate - non-owner occupied | Grade 7 | Prior to 2020
Loans
Total loans	3,261
Commercial real estate - non-owner occupied | Grade 7 | Prior to 2019
Loans
Total loans		550
Commercial real estate - multi-family
Loans
Total loans		332,959
Commercial real estate - multi-family | 2023
Loans
Total loans		25,771
Commercial real estate - multi-family | 2022
Loans
Total loans		29,236
Commercial real estate - multi-family | 2021
Loans
Total loans		114,464
Commercial real estate - multi-family | 2020
Loans
Total loans		74,083
Commercial real estate - multi-family | 2019
Loans
Total loans		25,640
Commercial real estate - multi-family | Prior to 2019
Loans
Total loans		61,616
Commercial real estate - multi-family | Revolving
Loans
Total loans		2,149
Commercial real estate - multi-family | Grades 1-4
Loans
Total loans		320,508
Commercial real estate - multi-family | Grades 1-4 | 2023
Loans
Total loans		25,099
Commercial real estate - multi-family | Grades 1-4 | 2022
Loans
Total loans		28,144
Commercial real estate - multi-family | Grades 1-4 | 2021
Loans
Total loans		103,804
Commercial real estate - multi-family | Grades 1-4 | 2020
Loans
Total loans		74,083
Commercial real estate - multi-family | Grades 1-4 | 2019
Loans
Total loans		25,640
Commercial real estate - multi-family | Grades 1-4 | Prior to 2019
Loans
Total loans		61,589
Commercial real estate - multi-family | Grades 1-4 | Revolving
Loans
Total loans		2,149
Commercial real estate - multi-family | Grade 5
Loans
Total loans		12,451
Commercial real estate - multi-family | Grade 5 | 2023
Loans
Total loans		672
Commercial real estate - multi-family | Grade 5 | 2022
Loans
Total loans		1,092
Commercial real estate - multi-family | Grade 5 | 2021
Loans
Total loans		10,660
Commercial real estate - multi-family | Grade 5 | Prior to 2019
Loans
Total loans		27
Multi-family
Loans
Total loans	323,248	332,959
Multi-family | 2024
Loans
Total loans	2,074
Multi-family | 2023
Loans
Total loans	26,111
Multi-family | 2022
Loans
Total loans	28,841
Multi-family | 2021
Loans
Total loans	105,644
Multi-family | 2020
Loans
Total loans	73,615
Multi-family | Prior to 2020
Loans
Total loans	84,706
Multi-family | Revolving
Loans
Total loans	2,257
Multi-family | Grades 1-4
Loans
Total loans	315,381
Multi-family | Grades 1-4 | 2024
Loans
Total loans	1,288
Multi-family | Grades 1-4 | 2023
Loans
Total loans	25,227
Multi-family | Grades 1-4 | 2022
Loans
Total loans	26,948
Multi-family | Grades 1-4 | 2021
Loans
Total loans	101,366
Multi-family | Grades 1-4 | 2020
Loans
Total loans	73,615
Multi-family | Grades 1-4 | Prior to 2020
Loans
Total loans	84,680
Multi-family | Grades 1-4 | Revolving
Loans
Total loans	2,257
Multi-family | Grade 5
Loans
Total loans	7,867
Multi-family | Grade 5 | 2024
Loans
Total loans	786
Multi-family | Grade 5 | 2023
Loans
Total loans	884
Multi-family | Grade 5 | 2022
Loans
Total loans	1,893
Multi-family | Grade 5 | 2021
Loans
Total loans	4,278
Multi-family | Grade 5 | Prior to 2020
Loans
Total loans	26
Construction and development
Loans
Total loans	208,807	201,823
Construction and development | 2024
Loans
Total loans	4,124
Construction and development | 2023
Loans
Total loans	100,371	77,637
Construction and development | 2022
Loans
Total loans	73,351	68,586
Construction and development | 2021
Loans
Total loans	16,507	41,077
Construction and development | 2020
Loans
Total loans	5,754	5,928
Construction and development | 2019
Loans
Total loans		1,853
Construction and development | Prior to 2020
Loans
Total loans	7,510
Construction and development | Prior to 2019
Loans
Total loans		5,155
Construction and development | Revolving
Loans
Total loans	1,190	1,587
Construction and development | Grades 1-4
Loans
Total loans	181,636	179,473
Construction and development | Grades 1-4 | 2024
Loans
Total loans	3,900
Construction and development | Grades 1-4 | 2023
Loans
Total loans	81,137	65,134
Construction and development | Grades 1-4 | 2022
Loans
Total loans	72,161	67,396
Construction and development | Grades 1-4 | 2021
Loans
Total loans	12,663	35,017
Construction and development | Grades 1-4 | 2020
Loans
Total loans	4,869	5,013
Construction and development | Grades 1-4 | 2019
Loans
Total loans		1,853
Construction and development | Grades 1-4 | Prior to 2020
Loans
Total loans	6,514
Construction and development | Grades 1-4 | Prior to 2019
Loans
Total loans		4,281
Construction and development | Grades 1-4 | Revolving
Loans
Total loans	392	779
Construction and development | Grade 5
Loans
Total loans	25,513	20,681
Construction and development | Grade 5 | 2024
Loans
Total loans	224
Construction and development | Grade 5 | 2023
Loans
Total loans	18,527	11,796
Construction and development | Grade 5 | 2022
Loans
Total loans	1,190	1,190
Construction and development | Grade 5 | 2021
Loans
Total loans	3,844	6,060
Construction and development | Grade 5 | 2020
Loans
Total loans	716	743
Construction and development | Grade 5 | Prior to 2020
Loans
Total loans	214
Construction and development | Grade 5 | Prior to 2019
Loans
Total loans		84
Construction and development | Grade 5 | Revolving
Loans
Total loans	798	808
Construction and development | Grade 7
Loans
Total loans	1,658	1,669
Construction and development | Grade 7 | 2023
Loans
Total loans	707	707
Construction and development | Grade 7 | 2020
Loans
Total loans	169	172
Construction and development | Grade 7 | Prior to 2020
Loans
Total loans	782
Construction and development | Grade 7 | Prior to 2019
Loans
Total loans		790
Residential 1-4 Family
Loans
Total loans	880,029	888,412
Current-period gross charge-offs	1
Residential 1-4 Family | 2024
Loans
Total loans	11,279
Residential 1-4 Family | 2023
Loans
Total loans	106,730	106,819
Residential 1-4 Family | 2022
Loans
Total loans	199,904	204,799
Residential 1-4 Family | 2021
Loans
Total loans	199,937	204,821
Residential 1-4 Family | 2020
Loans
Total loans	156,505	161,630
Residential 1-4 Family | 2019
Loans
Total loans		45,423
Residential 1-4 Family | Prior to 2020
Loans
Total loans	122,662
Current-period gross charge-offs	1
Residential 1-4 Family | Prior to 2019
Loans
Total loans		83,236
Residential 1-4 Family | Revolving
Loans
Total loans	83,012	81,684
Residential 1-4 Family | Grades 1-4
Loans
Total loans	855,612	862,740
Residential 1-4 Family | Grades 1-4 | 2024
Loans
Total loans	9,928
Residential 1-4 Family | Grades 1-4 | 2023
Loans
Total loans	102,344	102,529
Residential 1-4 Family | Grades 1-4 | 2022
Loans
Total loans	192,776	199,295
Residential 1-4 Family | Grades 1-4 | 2021
Loans
Total loans	195,856	197,713
Residential 1-4 Family | Grades 1-4 | 2020
Loans
Total loans	155,273	160,489
Residential 1-4 Family | Grades 1-4 | 2019
Loans
Total loans		44,411
Residential 1-4 Family | Grades 1-4 | Prior to 2020
Loans
Total loans	116,910
Residential 1-4 Family | Grades 1-4 | Prior to 2019
Loans
Total loans		77,644
Residential 1-4 Family | Grades 1-4 | Revolving
Loans
Total loans	82,525	80,659
Residential 1-4 Family | Grade 5
Loans
Total loans	18,109	18,704
Residential 1-4 Family | Grade 5 | 2024
Loans
Total loans	1,351
Residential 1-4 Family | Grade 5 | 2023
Loans
Total loans	3,916	3,816
Residential 1-4 Family | Grade 5 | 2022
Loans
Total loans	6,489	4,819
Residential 1-4 Family | Grade 5 | 2021
Loans
Total loans	3,015	6,269
Residential 1-4 Family | Grade 5 | 2020
Loans
Total loans	222	119
Residential 1-4 Family | Grade 5 | 2019
Loans
Total loans		612
Residential 1-4 Family | Grade 5 | Prior to 2020
Loans
Total loans	2,797
Residential 1-4 Family | Grade 5 | Prior to 2019
Loans
Total loans		2,465
Residential 1-4 Family | Grade 5 | Revolving
Loans
Total loans	319	604
Residential 1-4 Family | Grade 6
Loans
Total loans	653	1,716
Residential 1-4 Family | Grade 6 | 2023
Loans
Total loans	156	158
Residential 1-4 Family | Grade 6 | 2022
Loans
Total loans	317	319
Residential 1-4 Family | Grade 6 | 2021
Loans
Total loans		810
Residential 1-4 Family | Grade 6 | Prior to 2020
Loans
Total loans	180
Residential 1-4 Family | Grade 6 | Prior to 2019
Loans
Total loans		180
Residential 1-4 Family | Grade 6 | Revolving
Loans
Total loans		249
Residential 1-4 Family | Grade 7
Loans
Total loans	5,655	5,252
Residential 1-4 Family | Grade 7 | 2023
Loans
Total loans	314	316
Residential 1-4 Family | Grade 7 | 2022
Loans
Total loans	322	366
Residential 1-4 Family | Grade 7 | 2021
Loans
Total loans	1,066	29
Residential 1-4 Family | Grade 7 | 2020
Loans
Total loans	1,010	1,022
Residential 1-4 Family | Grade 7 | 2019
Loans
Total loans		400
Residential 1-4 Family | Grade 7 | Prior to 2020
Loans
Total loans	2,775
Residential 1-4 Family | Grade 7 | Prior to 2019
Loans
Total loans		2,947
Residential 1-4 Family | Grade 7 | Revolving
Loans
Total loans	168	172
Consumer
Loans
Total loans	52,086	50,741
Current-period gross charge-offs	4	4
Consumer | 2024
Loans
Total loans	9,851
Consumer | 2023
Loans
Total loans	18,017	23,711
Consumer | 2022
Loans
Total loans	11,363	12,497
Consumer | 2021
Loans
Total loans	5,868	6,570
Consumer | 2020
Loans
Total loans	4,089	4,498
Consumer | 2019
Loans
Total loans		1,194
Consumer | Prior to 2020
Loans
Total loans	2,305
Current-period gross charge-offs	4
Consumer | Prior to 2019
Loans
Total loans		1,346
Consumer | Revolving
Loans
Total loans	593	925
Current-period gross charge-offs		4
Consumer | Grades 1-4
Loans
Total loans	52,067	50,721
Consumer | Grades 1-4 | 2024
Loans
Total loans	9,851
Consumer | Grades 1-4 | 2023
Loans
Total loans	18,017	23,711
Consumer | Grades 1-4 | 2022
Loans
Total loans	11,363	12,497
Consumer | Grades 1-4 | 2021
Loans
Total loans	5,868	6,570
Consumer | Grades 1-4 | 2020
Loans
Total loans	4,089	4,498
Consumer | Grades 1-4 | 2019
Loans
Total loans		1,194
Consumer | Grades 1-4 | Prior to 2020
Loans
Total loans	2,286
Consumer | Grades 1-4 | Prior to 2019
Loans
Total loans		1,326
Consumer | Grades 1-4 | Revolving
Loans
Total loans	593	925
Consumer | Grade 7
Loans
Total loans	19	20
Consumer | Grade 7 | Prior to 2020
Loans
Total loans	19
Consumer | Grade 7 | Prior to 2019
Loans
Total loans		20
Other
Loans
Total loans	14,844	14,980
Current-period gross charge-offs	29	84
Other | 2024
Loans
Total loans	855
Other | 2023
Loans
Total loans	192	347
Other | 2022
Loans
Total loans	651	663
Other | 2021
Loans
Total loans	543	551
Other | 2020
Loans
Total loans	832	1,076
Other | 2019
Loans
Total loans		38
Other | Prior to 2020
Loans
Total loans	9,630
Other | Prior to 2019
Loans
Total loans		9,697
Other | Revolving
Loans
Total loans	2,141	2,608
Current-period gross charge-offs	29	84
Other | Grades 1-4
Loans
Total loans	14,758	14,892
Other | Grades 1-4 | 2024
Loans
Total loans	855
Other | Grades 1-4 | 2023
Loans
Total loans	192	347
Other | Grades 1-4 | 2022
Loans
Total loans	651	663
Other | Grades 1-4 | 2021
Loans
Total loans	543	551
Other | Grades 1-4 | 2020
Loans
Total loans	832	1,076
Other | Grades 1-4 | 2019
Loans
Total loans		38
Other | Grades 1-4 | Prior to 2020
Loans
Total loans	9,630
Other | Grades 1-4 | Prior to 2019
Loans
Total loans		9,697
Other | Grades 1-4 | Revolving
Loans
Total loans	2,055	2,520
Other | Grade 5
Loans
Total loans	86	88
Other | Grade 5 | Revolving
Loans
Total loans	$ 86	$ 88

MORTGAGE SERVICING RIGHTS (Deta

MORTGAGE SERVICING RIGHTS (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) item M	Dec. 31, 2023 USD ($) item M
Mortgage Servicing Rights
Fair value at beginning of period	$ 13,668	$ 9,582
Servicing asset additions	189	879
Loan payments and payoffs	(363)	(1,624)
Changes in valuation inputs and assumptions used in the valuation model	(138)	1,140
Amount recognized through earnings	(312)	395
MSR asset acquired		3,691
Fair value at end of period	13,356	13,668
Unpaid principal balance of loans serviced for others	$ 1,170,466	$ 1,175,709
MSR asset, measurement input	0.0114	0.0116
Measurement Input, Prepayment Rate
Mortgage Servicing Rights
MSR asset, measurement input | M	8	7.5
Measurement Input, Discount Rate
Mortgage Servicing Rights
MSR asset, measurement input | item	0.1019	0.1019

NOTES PAYABLE - FHLB advances (

NOTES PAYABLE - FHLB advances (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Notes Payable
Notes payable, before adjustments	$ 35,508	$ 35,508
Purchase accounting adjustment	(213)	(238)
Total notes payable	$ 35,295	35,270
Fixed rate, fixed term, Maturity 03/23/2026
Notes Payable
Rate	4.02%
Notes payable, before adjustments	$ 10,000	10,000
Fixed rate, putable, Maturity 05/26/2026
Notes Payable
Rate	1.95%
Notes payable, before adjustments	$ 5,000	5,000
Fixed rate, fixed term, Maturity 03/23/2027
Notes Payable
Rate	3.91%
Notes payable, before adjustments	$ 10,000	10,000
Fixed rate, fixed term, Maturity 03/23/2028
Notes Payable
Rate	3.85%
Notes payable, before adjustments	$ 10,000	10,000
Fixed rate, fixed term, Maturity 04/22/2030
Notes Payable
Rate	0%
Notes payable, before adjustments	$ 508	$ 508

NOTES PAYABLE - Future maturiti

NOTES PAYABLE - Future maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
NOTES PAYABLE
1 year or less
1 to 2 years	10,000
2 to 3 years	15,000	15,000
3 to 4 years	10,000	10,000
4 to 5 years		10,000
Over 5 years	508	508
Total	$ 35,508	$ 35,508

NOTES PAYABLE - Additional Info

NOTES PAYABLE - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	May 15, 2022
NOTES PAYABLE
Borrowing availability at the FHLB	$ 805.7
Maximum borrowing capacity			$ 7.5
Line of credit
NOTES PAYABLE
Outstanding balance	$ 0	$ 0

SUBORDINATED NOTES AND JUNIOR_2

SUBORDINATED NOTES AND JUNIOR SUBORDINATED DEBENTURES (Details)	1 Months Ended
	Aug. 31, 2022	Jul. 31, 2020 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Feb. 28, 2023 USD ($)	May 15, 2022 USD ($)
SUBORDINATED NOTES
Maximum borrowing capacity						$ 7,500,000
Subordinated notes, outstanding balance			$ 12,000,000	$ 12,000,000
Subordinated Notes, July 2020
SUBORDINATED NOTES
Number of banks participating in note agreement		2
Maximum borrowing capacity per bank		$ 6,000,000
Maximum borrowing capacity		$ 12,000,000
Subordinated notes, outstanding balance			6,000,000	6,000,000
Maturity term		10 years
Interest at fixed rate (as a percent)		5%
Subordinated Notes, August 2022
SUBORDINATED NOTES
Subordinated notes, outstanding balance			$ 6,000,000	$ 6,000,000
Maturity term	10 years
Interest at fixed rate (as a percent)	5.25%
Junior subordinated Notes, Hometown Bancorp, Ltd. Capital Trust I and II
SUBORDINATED NOTES
Applicable discounts					$ 1,500,000
Tier 1 capital					12,000,000
Junior subordinated Notes, Hometown Bancorp, Ltd. Capital Trust I
SUBORDINATED NOTES
Junior subordinated notes, outstanding balance					4,100,000
Junior subordinated Notes, Hometown Bancorp, Ltd. Capital Trust II
SUBORDINATED NOTES
Junior subordinated notes, outstanding balance					$ 8,200,000

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
REGULATORY MATTERS
Minimum conservation buffer	0.025	0.025
Standardized Approach
Total capital (to risk-weighted assets):
Actual, Amount	$ 473,440	$ 484,398
Actual, Ratio	0.1349	0.1399
For Capital Adequacy Purposes, Amount	$ 280,722	$ 276,904
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Minimum Capital Adequacy with Capital Buffer, Amount	$ 368,447	$ 363,437
Minimum Capital Adequacy with Capital Buffer, Ratio	0.1050	0.1050
Tier 1 capital (to risk-weighted assets):
Actual, Amount	$ 423,164	$ 437,979
Actual, Ratio	0.1206	0.1265
For Capital Adequacy Purposes, Amount	$ 210,541	$ 207,678
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Minimum Capital Adequacy with Capital Buffer, Amount	$ 298,267	$ 294,211
Minimum Capital Adequacy with Capital Buffer, Ratio	0.0850	0.0850
Common Equity Tier 1 capital (to risk-weighted assets):
Actual, Amount	$ 423,164	$ 433,979
Actual, Ratio	0.1206	0.1254
For Capital Adequacy Purposes, Amount	$ 157,906	$ 155,759
For Capital Adequacy Purposes, Ratio	0.0450	0.0450
Minimum Capital Adequacy with Capital Buffer, Amount	$ 245,632	$ 242,291
Minimum Capital Adequacy with Capital Buffer, Ratio	0.0700	0.0700
Tier 1 capital (to average assets):
Actual, Amount	$ 423,164	$ 437,979
Actual, Ratio	0.1073	0.1105
For Capital Adequacy Purposes, Amount	$ 157,788	$ 158,581
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Minimum Capital Adequacy with Capital Buffer, Amount	$ 157,788	$ 158,581
Minimum Capital Adequacy with Capital Buffer, Ratio	0.0400	0.0400
Bank | Standardized Approach
Total capital (to risk-weighted assets):
Actual, Amount	$ 429,412	$ 446,634
Actual, Ratio	0.1224	0.1291
For Capital Adequacy Purposes, Amount	$ 280,562	$ 276,726
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Minimum Capital Adequacy with Capital Buffer, Amount	$ 368,237	$ 363,202
Minimum Capital Adequacy with Capital Buffer, Ratio	0.1050	0.1050
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 350,702	$ 345,907
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier 1 capital (to risk-weighted assets):
Actual, Amount	$ 391,136	$ 412,215
Actual, Ratio	0.1115	0.1192
For Capital Adequacy Purposes, Amount	$ 210,421	$ 207,544
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Minimum Capital Adequacy with Capital Buffer, Amount	$ 298,097	$ 294,021
Minimum Capital Adequacy with Capital Buffer, Ratio	0.0850	0.0850
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 280,562	$ 276,726
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800	0.0800
Common Equity Tier 1 capital (to risk-weighted assets):
Actual, Amount	$ 391,136	$ 412,215
Actual, Ratio	0.1115	0.1192
For Capital Adequacy Purposes, Amount	$ 157,816	$ 155,658
For Capital Adequacy Purposes, Ratio	0.0450	0.0450
Minimum Capital Adequacy with Capital Buffer, Amount	$ 245,491	$ 242,135
Minimum Capital Adequacy with Capital Buffer, Ratio	0.0700	0.0700
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 227,956	$ 224,840
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0650	0.0650
Tier 1 capital (to average assets):
Actual, Amount	$ 391,136	$ 412,215
Actual, Ratio	0.0991	0.1040
For Capital Adequacy Purposes, Amount	$ 157,946	$ 158,585
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Minimum Capital Adequacy with Capital Buffer, Amount	$ 157,946	$ 158,585
Minimum Capital Adequacy with Capital Buffer, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 197,433	$ 198,231
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Interest rate lock commitments
Commitments and contingencies
Notional amount of derivatives	$ 7,400	$ 5,900
Fixed
Commitments and contingencies
Commitments to extend credit, Notional Amount	70,444	92,113
Variable
Commitments and contingencies
Commitments to extend credit, Notional Amount	726,486	707,285
Credit card arrangements
Commitments and contingencies
Commitments to extend credit, Notional Amount	21,807	21,213
Letters of credit
Commitments and contingencies
Commitments to extend credit, Notional Amount	$ 10,951	$ 9,785

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair value of assets measured on a recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Assets
Mortgage servicing rights	$ 13,356	$ 13,668	$ 9,582
Recurring
Assets
Mortgage servicing rights	13,356	13,668
Recurring | Obligations of U.S. Government sponsored agencies
Assets
Securities available for sale	27,045	28,294
Recurring | Obligations of states and political subdivisions
Assets
Securities available for sale	57,566	58,246
Recurring | Mortgage-backed securities
Assets
Securities available for sale	34,775	36,130
Recurring | Corporate notes
Assets
Securities available for sale	19,034	19,038
Recurring | Certificates of deposit
Assets
Securities available for sale		489
Recurring | Other Observable Inputs (Level 2)
Assets
Mortgage servicing rights	13,356	13,668
Recurring | Other Observable Inputs (Level 2) | Obligations of U.S. Government sponsored agencies
Assets
Securities available for sale	27,045	28,294
Recurring | Other Observable Inputs (Level 2) | Obligations of states and political subdivisions
Assets
Securities available for sale	57,566	58,246
Recurring | Other Observable Inputs (Level 2) | Mortgage-backed securities
Assets
Securities available for sale	34,775	36,130
Recurring | Other Observable Inputs (Level 2) | Corporate notes
Assets
Securities available for sale	19,034	19,038
Recurring | Other Observable Inputs (Level 2) | Certificates of deposit
Assets
Securities available for sale		489
Recurring | Significant Unobservable Inputs (Level 3)
Assets
Assets at fair value	0	$ 0
Liabilities
Liabilities at fair value	$ 0

FAIR VALUE MEASUREMENTS - Fai_2

FAIR VALUE MEASUREMENTS - Fair value of assets measured on a non-recurring basis (Details) - Non-recurring - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets Measured at Fair Value
OREO	$ 2,674	$ 2,573
Loans individually evaluated, net of reserve	9,482	9,242
Total Assets Measured at Fair Value	12,156	11,815
Significant Unobservable Inputs (Level 3)
Assets Measured at Fair Value
OREO	2,674	2,573
Loans individually evaluated, net of reserve	9,482	9,242
Total Assets Measured at Fair Value	$ 12,156	$ 11,815

FAIR VALUE MEASUREMENTS - Fai_3

FAIR VALUE MEASUREMENTS - Fair value measurement on inputs and valuation techniques (Details)	Mar. 31, 2024	Dec. 31, 2023
Third party appraisals, sales contracts or brokered price options | Collateral discounts and estimated costs to sell | Minimum
Fair Value of Financial Instruments
Other real estate owned	0.03	0.03
Third party appraisals, sales contracts or brokered price options | Collateral discounts and estimated costs to sell | Maximum
Fair Value of Financial Instruments
Other real estate owned	0.61	0.71
Third party appraisals, sales contracts or brokered price options | Collateral discounts and estimated costs to sell | Weighted Average
Fair Value of Financial Instruments
Other real estate owned	0.42	0.38
Third party appraisals and discounted cash flows | Collateral discounts and discount rates | Minimum
Fair Value of Financial Instruments
Loans individually evaluated, net of reserve	0.18	0
Third party appraisals and discounted cash flows | Collateral discounts and discount rates | Maximum
Fair Value of Financial Instruments
Loans individually evaluated, net of reserve	0.38	0.53
Third party appraisals and discounted cash flows | Collateral discounts and discount rates | Weighted Average
Fair Value of Financial Instruments
Loans individually evaluated, net of reserve	0.35	0.31

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying value and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financial assets:
Securities held to maturity, fair value	$ 110,867	$ 103,626
Securities available for sale	138,420	142,197
Mortgage servicing rights	13,356	13,668	$ 9,582
Carrying Amount
Financial assets:
Cash and cash equivalents	83,374	247,468
Securities held to maturity, fair value	111,732	103,324
Loans held for sale	1,293	3,012
Loans, net	3,339,017	3,299,365
Other investments, at cost	21,290	21,366
Mortgage servicing rights	13,356	13,668
Financial liabilities:
Deposits	3,416,039	3,432,920
Securities sold under repurchase agreements		75,747
Notes payable	35,295	35,270
Subordinated notes	12,000	12,000
Junior subordinated debentures		4,124
Carrying Amount | Level 1
Financial assets:
Cash and cash equivalents	83,374	247,468
Securities held to maturity, fair value	107,006	99,475
Carrying Amount | Level 2
Financial assets:
Securities held to maturity, fair value	3,861	4,151
Mortgage servicing rights	13,356	13,668
Financial liabilities:
Securities sold under repurchase agreements		75,747
Notes payable	35,295	35,270
Subordinated notes	12,000	12,000
Junior subordinated debentures		4,124
Carrying Amount | Level 3
Financial assets:
Loans held for sale	1,293	3,012
Loans, net	3,190,622	3,168,749
Other investments, at cost	21,290	21,366
Financial liabilities:
Deposits	3,138,967	3,153,512
Estimated Fair Value
Financial assets:
Cash and cash equivalents	83,374	247,468
Securities held to maturity, fair value	110,867	103,626
Loans held for sale	1,293	3,012
Loans, net	3,190,622	3,168,749
Other investments, at cost	21,290	21,366
Mortgage servicing rights	13,356	13,668
Financial liabilities:
Deposits	3,138,967	3,153,512
Securities sold under repurchase agreements		75,747
Notes payable	35,295	35,270
Subordinated notes	$ 12,000	12,000
Junior subordinated debentures		$ 4,124

STOCK BASED COMPENSATION - Summ

STOCK BASED COMPENSATION - Summary of Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restricted Stock
STOCK BASED COMPENSATION
Compensation expense	$ 0.6	$ 0.5
2020 Equity Plan
STOCK BASED COMPENSATION
Number of shares authorized	700,000
Aggregate number of shares awarded under the plan	100,954
2020 Equity Plan | Restricted Stock
STOCK BASED COMPENSATION
Unrecognized compensation cost	$ 3.5
Unrecognized compensation recognition period	1 year 10 months 28 days
Aggregate grant date fair value of vested awards	$ 2.1

STOCK BASED COMPENSATION - Chan

STOCK BASED COMPENSATION - Changes in Restricted Stock (Details) - Restricted Stock - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restricted Stock, Shares
Outstanding at beginning of year	58,196	59,272
Granted	24,581	25,375
Vested	(30,143)	(25,762)
Forfeited or cancelled		(820)
Outstanding at end of year	52,634	58,065
Restricted Stock, Weighted- Average Grant- Date Fair Value
Outstanding at beginning of year	$ 72.28	$ 65.85
Granted	85.85	80.17
Vested	71.14	62.05
Forfeited or cancelled		65.09
Outstanding at end of year	$ 79.27	$ 71.41

LEASES - Operating leases (Deta

LEASES - Operating leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
LEASES
Amortization of ROU Assets - Operating Leases		$ (1)
Interest on Lease Liabilities - Operating Leases	$ 22	22
Operating Lease Cost (Cost resulting from lease payments)	$ 21	$ 21
Weighted Average Lease Term (Years) - Operating Leases	29 years 9 months	30 years 9 months
Weighted Average Discount Rate - Operating Leases	5.50%	5.50%

LEASES - Maturity analysis (Det

LEASES - Maturity analysis (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Operating lease payments due:
Within one year	$ 85
After one but within two years	88
After two but within three years	94
After three but within four years	94
After four years but within five years	94
After five years	3,020
Total undiscounted cash flows	3,475
Discount on cash flows	(1,891)
Total operating lease liabilities	$ 1,584

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 15,412	$ 10,680

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Rule 10b5-1 Trading Arrangements For the quarter ended March 31, 2024, there were no trading arrangements for the sale or purchases of Company securities adopted, terminated or for which the amount, pricing or timing provisions were modified by our directors and officers that was either (1) a contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “Rule 10b5-1 trading arrangement”) or (2) a “non-Rule 10b5-1 trading arrangement” (as defined in Item 408(c) of Regulation S-K). ​
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