Meridian (MRBK) 10-Q15 Nov 212021 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2021	Nov. 15, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	000-55983
Entity Registrant Name	Meridian Corp
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	83-1561918
Entity Address, Address Line One	9 Old Lincoln Highway
Entity Address, City or Town	Malvern
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19355
City Area Code	484
Local Phone Number	568-5000
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	MRBK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,079,335
Entity Central Index Key	0001750735
Amendment Flag	false
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Cash and due from banks	$ 45,875	$ 34,190
Federal funds sold	17,246	2,554
Cash and cash equivalents	63,121	36,744
Securities available-for-sale (amortized cost of $145,129 and $120,215 as of September 30, 2021 and December 31, 2020)	146,149	123,562
Securities held-to-maturity (fair value of $6,660 and $6,857 as of September 30, 2021 and December 31, 2020)	6,406	6,510
Equity investments	1,011	1,031
Mortgage loans held for sale (amortized cost of $116,968 and $225,007 as of September 30, 2021 and December 31, 2020), at fair value	117,996	229,199
Loans, net of fees and costs (includes $17,142 and $12,182 of loans at fair value, amortized cost of $16,515 and $11,514 as of September 30, 2021 and December 31, 2020)	1,378,670	1,284,764
Allowance for loan and lease losses	(18,976)	(17,767)
Loans, net of the allowance for loan and lease losses	1,359,694	1,266,997
Restricted investment in bank stock	4,162	7,861
Bank premises and equipment, net	8,242	7,777
Bank owned life insurance	22,362	12,138
Accrued interest receivable	5,080	5,482
Deferred income taxes	1,457	62
Servicing assets	11,932	5,617
Goodwill	899	899
Intangible assets	3,430	3,601
Other assets	10,504	12,717
Total assets	1,762,445	1,720,197
Deposits:
Non-interest bearing	265,842	203,843
Interest bearing	1,173,205	1,037,492
Total deposits	1,439,047	1,241,335
Short-term borrowings	22,278	106,862
Long-term debt	78,405	165,546
Subordinated debentures	40,760	40,671
Accrued interest payable	663	1,154
Other liabilities	22,876	23,007
Total liabilities	1,604,029	1,578,575
Stockholders' equity:
Common stock, $1 par value. Authorized 25,000,000 and 10,000,000 shares as of September 30, 2021 and December 31, 2020; issued 6,506,028 and 6,455,566 as of September 30, 2021 and December 31, 2020	6,506	6,456
Surplus	82,508	81,196
Treasury stock - 398,491 and 320,000 shares at September 30, 2021 and December 31, 2020	(8,025)	(5,828)
Unearned common stock held by employee stock ownership plan	(1,768)	(1,768)
Retained earnings	78,408	59,010
Accumulated other comprehensive income	787	2,556
Total stockholders' equity	158,416	141,622
Total liabilities and stockholders' equity	$ 1,762,445	$ 1,720,197

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Available-for-sale, Amortized Cost	$ 145,129	$ 120,215
Securities held-to-maturity	6,660	6,857
Mortgage loans held for sale, amortized cost	116,968	225,007
Loans at fair value	17,142	12,182
Loans at amortized cost	$ 16,515	$ 11,514
Common stock, par value	$ 1	$ 1
Common stock, Authorized shares	25,000,000	10,000,000
Common Stock, Shares, Issued	6,506,028	6,455,566
Common Stock, Shares, Outstanding	6,506,028	6,455,566
Treasury stock shares held	398,491	320,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Interest income:
Loans, including fees	$ 17,626	$ 15,321	$ 51,287	$ 43,048
Securities:
Taxable	284	251	837	920
Tax-exempt	379	305	1,125	698
Cash and cash equivalents	17	3	25	63
Total interest income	18,306	15,880	53,274	44,729
Interest expense:
Deposits	1,327	2,235	4,261	8,064
Borrowings	722	930	2,224	2,687
Total interest expense	2,049	3,165	6,485	10,751
Net interest income	16,257	12,715	46,789	33,978
Provision for loan losses	597	3,956	1,292	7,139
Net interest income after provision for loan losses	15,660	8,759	45,497	26,839
Non-interest income:
Mortgage banking income	18,726	21,812	62,293	45,395
SBA loan income	2,688	641	5,423	1,821
Earnings on investment in life insurance	93	70	224	210
Net change in the fair value of derivative instruments	(339)	3,028	(3,431)	6,346
Net change in the fair value of loans held-for-sale	(532)	2,932	(3,164)	4,424
Net change in the fair value of loans held-for-investment	37	93	(24)	174
Net gain (loss) on hedging activity	(1,189)	(2,637)	2,397	(7,363)
Net gain on sale of investment securities available-for-sale	314	1,290	362	1,345
Other	1,057	852	3,192	1,718
Total non-interest income	22,122	29,060	70,902	56,972
Non-interest expenses:
Salaries and employee benefits	19,472	20,447	61,824	46,529
Occupancy and equipment	1,133	1,108	3,460	3,159
Professional fees	873	681	2,629	2,118
Advertising and promotion	1,089	781	2,795	1,996
Data processing	530	460	1,666	1,260
Information technology	476	394	1,365	1,100
Pennsylvania bank shares tax	152	254	478	734
Other	1,756	1,709	5,773	4,256
Total non-interest expenses	25,481	25,834	79,990	61,152
Income before income taxes	12,301	11,985	36,409	22,659
Income tax expense	2,863	2,773	8,543	5,218
Net income	$ 9,438	$ 9,212	$ 27,866	$ 17,441
Basic earnings per common share	$ 1.56	$ 1.51	$ 4.62	$ 2.83
Diluted earnings per common share	$ 1.52	$ 1.51	$ 4.49	$ 2.82
Wealth Management Income
Non-interest income:
Revenue from contracts with customers	$ 1,232	$ 951	$ 3,531	$ 2,825
Service Charges
Non-interest income:
Revenue from contracts with customers	$ 35	$ 28	$ 99	$ 77

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income:	$ 9,438	$ 9,212	$ 27,866	$ 17,441
Net change in unrealized gains on investment securities available for sale:
Net unrealized (losses) gains arising during the period, net of tax expense of ($303), $144, ($463), and $761, respectively	(1,021)	304	(1,490)	2,489
Less: reclassification adjustment for net gains on sales realized in net income, net of tax expense of ($75), ($301), ($83), and ($313), respectively	(243)	(989)	(279)	(1,032)
Unrealized investment (losses) gains, net of tax expense of $xxx, $(157), $xxx, and $448, respectively	(1,264)	(685)	(1,769)	1,457
Total other comprehensive (loss) income	(1,264)	(685)	(1,769)	1,457
Total comprehensive income	$ 8,174	$ 8,527	$ 26,097	$ 18,898

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Tax expense (benefit) on unrealized gains arising during the period	$ (312)	$ 144	$ (475)	$ 761
Tax expense (benefit) on reclassification adjustment for net gains on sales realized in net income	(71)	(301)	(83)	(313)
Tax expense (benefit) on unrealized investment gains (losses)	$ (383)	$ (157)	$ (558)	$ 448

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common stock	Surplus	Treasury Stock	Unearned Common Stock ESOP	Retained Earnings	Accumulated Other Comprehensive Income (loss)	Total
Balance beginning of the period at Dec. 31, 2019	$ 6,408	$ 80,255	$ (62)		$ 34,097	$ (3)	$ 120,695
Comprehensive income:
Net income					2,516		2,516
Change in unrealized gains on securities available-for-sale, net of tax						429	429
Total comprehensive income							2,945
Common stock issued through share-based awards and exercises	6	26					32
Net purchase of treasury stock through publicly announced plans		63	(5,766)				(5,703)
Stock based compensation		64					64
Balance ending of the period at Mar. 31, 2020	6,414	80,408	(5,828)		36,613	426	118,033
Balance beginning of the period at Dec. 31, 2019	6,408	80,255	(62)		34,097	(3)	120,695
Comprehensive income:
Net income							17,441
Change in unrealized gains on securities available-for-sale, net of tax							1,457
Total comprehensive income							18,898
Shares purchased for ESOP plan							(2,000)
Balance ending of the period at Sep. 30, 2020	6,450	80,981	(5,828)	$ (2,000)	50,775	1,454	131,832
Balance beginning of the period at Mar. 31, 2020	6,414	80,408	(5,828)		36,613	426	118,033
Comprehensive income:
Net income					5,713		5,713
Change in unrealized gains on securities available-for-sale, net of tax						1,713	1,713
Total comprehensive income							7,426
Stock based compensation		59					59
Balance ending of the period at Jun. 30, 2020	6,414	80,467	(5,828)		42,326	2,139	125,518
Comprehensive income:
Net income					9,212		9,212
Change in unrealized gains on securities available-for-sale, net of tax						(685)	(685)
Total comprehensive income							8,527
Dividends paid or accrued					(763)		(763)
Shares purchased for ESOP plan				(2,000)			(2,000)
Common stock issued through share-based awards and exercises	36	337					373
Stock based compensation		177					177
Balance ending of the period at Sep. 30, 2020	6,450	80,981	(5,828)	(2,000)	50,775	1,454	131,832
Balance beginning of the period at Dec. 31, 2020	6,456	81,196	(5,828)	(1,768)	59,010	2,556	141,622
Comprehensive income:
Net income					10,170		10,170
Change in unrealized gains on securities available-for-sale, net of tax						(1,919)	(1,919)
Total comprehensive income							8,251
Dividends paid or accrued					(6,931)		(6,931)
Common stock issued through share-based awards and exercises	32	302					334
Stock based compensation		229					229
Balance ending of the period at Mar. 31, 2021	6,488	81,727	(5,828)	(1,768)	62,249	637	143,505
Balance beginning of the period at Dec. 31, 2020	6,456	81,196	(5,828)	(1,768)	59,010	2,556	141,622
Comprehensive income:
Net income							27,866
Change in unrealized gains on securities available-for-sale, net of tax							(1,769)
Total comprehensive income							26,097
Balance ending of the period at Sep. 30, 2021	6,506	82,508	(8,025)	(1,768)	78,408	787	158,416
Balance beginning of the period at Mar. 31, 2021	6,488	81,727	(5,828)	(1,768)	62,249	637	143,505
Comprehensive income:
Net income					8,258		8,258
Change in unrealized gains on securities available-for-sale, net of tax						1,414	1,414
Total comprehensive income							9,672
Dividends paid or accrued					(768)		(768)
Common stock issued through share-based awards and exercises	5	52					57
Stock based compensation		419					419
Balance ending of the period at Jun. 30, 2021	6,493	82,198	(5,828)	(1,768)	69,739	2,051	152,885
Comprehensive income:
Net income					9,438		9,438
Change in unrealized gains on securities available-for-sale, net of tax						(1,264)	(1,264)
Total comprehensive income							8,174
Dividends paid or accrued					(769)		(769)
Common stock issued through share-based awards and exercises	13	167					180
Net purchase of treasury stock through publicly announced plans			(2,197)				(2,197)
Stock based compensation		143					143
Balance ending of the period at Sep. 30, 2021	$ 6,506	$ 82,508	$ (8,025)	$ (1,768)	$ 78,408	$ 787	$ 158,416

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Dividends declared	$ 0.125	$ 0.125	$ 1.125	$ 0.125
Shares purchased for ESOP plan				133,601
Treasury stock purchased	78,491

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENTS OF CASH FLOWS
Net income	$ 27,866	$ 17,441
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Gain on sale of investment securities	(362)	(1,345)
Depreciation and amortization, net	(4,677)	(992)
Net amortization of investment premiums and discounts and change in fair value of equity securities	991	238
Provision for loan losses	1,292	7,139
Amortization of issuance costs on subordinated debt	88	83
Share-based compensation	791	300
Net change in fair value of derivative instruments	3,431	(6,346)
Net change in fair value of loans held for sale	3,164	(4,424)
Net change in fair value of loans held for investment	24	(174)
Gain on sale of OREO		(6)
Amortization and net impairment of servicing rights	707	350
Capitalization of servicing rights, net	(7,021)	(2,992)
SBA loan income	(5,423)	(1,821)
Proceeds from sale of loans	2,034,464	1,356,637
Loans originated for sale	(1,864,132)	(1,498,614)
Mortgage banking income	(62,293)	(45,395)
Decrease (increase) in accrued interest receivable	402	(1,518)
(Increase) decrease in other assets	(2,648)	8,503
Earnings from investment in life insurance	(224)	(210)
(Increase) decrease income in deferred income tax	(817)	1,274
(Decrease) increase in accrued interest payable	(490)	1,170
Increase in other liabilities	1,299	9,054
Net cash provided by (used in) operating activities	126,432	(161,648)
Activity in available-for-sale securities:
Maturities, repayments and calls	6,173	6,319
Sales	20,855	44,592
Purchases	(52,468)	(92,476)
Activity in held-to-maturity securities:
Maturities, repayments and calls		2,140
Proceeds from sale of OREO		126
Decrease in restricted stock	3,699	422
Net increase in loans	(82,711)	(339,459)
Purchases of premises and equipment	(1,496)	(651)
Purchase of bank owned life insurance	(10,000)
Net cash used in investing activities	(115,948)	(378,987)
Cash flows from financing activities:
Net increase in deposits	197,712	357,856
(Decrease) increase in short-term borrowings	(3,187)	(31,928)
Decrease in short-term borrowings with original maturity > 90 days	(81,397)	12,902
(Repayment) proceeds from long-term debt, net	(87,141)	247,008
Repayment of acquisition note payable		(413)
Issuance costs on subordinated debt		(231)
Net purchase of treasury stock	(2,197)	(5,703)
Dividends paid	(8,468)	(763)
Purchase of common shares for ESOP		(2,000)
Share based awards and exercises	571	405
Net cash provided by financing activities	15,893	577,133
Net change in cash and cash equivalents	26,377	36,498
Cash and cash equivalents at beginning of period	36,744	39,371
Cash and cash equivalents at end of period	63,121	75,869
Supplemental disclosure of cash flow information:
Interest	6,976	9,581
Income taxes	11,354	2,490
Supplemental disclosure of cash flow information:
Transfers from loans held for sale to loans held for investment	$ 7,116
Net loans sold, not settled		$ (1,657)

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2021
Basis of Presentation
Basis of Presentation	(1) Basis of Presentation The Corporation’s unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial position and the results of operations for the interim periods presented have been included. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Amounts subject to significant estimates are items such as the allowance for loan losses and lending related commitments, the fair value of financial instruments, other-than-temporary impairments of investment securities, and the valuations of goodwill and intangible assets, and servicing assets. These unaudited consolidated financial statements should be read in conjunction with the Corporation’s filings with the Securities and Exchange Commission (including our Annual Report on Form 10-K for the year ended December 31, 2020) and, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K that update or provide information in addition to the information included in Form 10-K and Form 10-Q filings, if any. Certain prior period amounts have been reclassified to conform with current period presentation. Reclassifications had no effect on net income or stockholders’ equity. Operating results for the three months ended September 30, 2021 are not necessarily indicative of the results for the year ending December 31, 2021 or for any other period. Estimates for the allowance for loan and lease losses at September 30, 2021 include probable losses related to the COVID-19 pandemic. While there have been signals of economic recovery and a resumption of many types of business activity, there remains significant uncertainty involved in the measurement of these losses. If economic conditions deteriorate further, then additional provision for loan losses may be required in future periods. It is unknown how long these conditions will last and what the ultimate financial impact will be to the Corporation.

Earnings per Common Share

Earnings per Common Share	9 Months Ended
Earnings per Common Share	Sep. 30, 2021
Earnings per Common Share
Earnings per Common Share	(2) Earnings per Common Share Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period reduced by unearned ESOP Plan shares and treasury shares. Diluted earnings per common share takes into account the potential dilution computed pursuant to the treasury stock method that could occur if stock options were exercised and converted into common stock and if restricted stock awards were vested. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be anti-dilutive. Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands, except per share data) 2021 2020 2021 2020 Numerator: Net income available to common stockholders $ 9,438 9,212 $ 27,866 17,441 Denominator for basic earnings per share Weighted average shares outstanding 6,157 6,099 6,148 6,172 Average unearned ESOP shares (112) — (115) — Basic weighted averages shares outstanding 6,045 6,099 6,033 6,172 Effect of dilutive common shares 186 11 168 21 Denominator for diluted earnings per share - adjusted weighted average shares outstanding 6,231 6,110 6,201 6,193 Basic earnings per share $ 1.56 1.51 $ 4.62 2.83 Diluted earnings per share $ 1.52 1.51 $ 4.49 2.82 Antidilutive shares excluded from computation of average dilutive earnings per share 140 265 140 192

Securities

Securities	9 Months Ended
Securities	Sep. 30, 2021
Securities
Securities	(3) Securities The amortized cost and fair value of securities as of September 30, 2021 and December 31, 2020 are as follows: September 30, 2021 Gross Gross # of Securities Amortized unrealized unrealized Fair in unrealized (dollars in thousands) cost gains losses value loss position Securities available-for-sale: U.S. asset backed securities $ 21,120 199 (26) 21,293 4 U.S. government agency mortgage-backed securities 5,351 137 (29) 5,459 1 U.S. government agency collateralized mortgage obligations 23,712 483 (142) 24,053 7 State and municipal securities 72,415 874 (461) 72,828 23 U.S. Treasuries 15,082 6 (78) 15,010 11 Non-U.S. government agency collateralized mortgage obligations 999 — — 999 1 Corporate bonds 6,450 73 (16) 6,507 4 Total securities available-for-sale $ 145,129 1,772 (752) 146,149 51 Securities held-to-maturity: State and municipal securities 6,406 254 ─ 6,660 — Total securities held-to-maturity $ 6,406 254 — 6,660 — December 31, 2020 Gross Gross # of Securities Amortized unrealized unrealized Fair in unrealized (dollars in thousands) cost gains losses value loss position Securities available-for-sale: U.S. asset backed securities $ 25,303 364 (75) 25,592 8 U.S. government agency mortgage-backed securities 3,854 192 — 4,046 — U.S. government agency collateralized mortgage obligations 23,010 916 (17) 23,909 1 State and municipal securities 63,848 2,025 (63) 65,810 3 Corporate bonds 4,200 7 (2) 4,205 2 Total securities available-for-sale $ 120,215 3,504 (157) 123,562 14 Securities held-to-maturity: State and municipal securities 6,510 347 — 6,857 — Total securities held-to-maturity $ 6,510 347 — 6,857 — Although the Corporation’s investment portfolio overall is in a net unrealized gain position at September 30, 2021, the temporary impairment in the above noted securities is primarily the result of changes in market interest rates subsequent to purchase and the Corporation does not intend to sell these securities prior to recovery and it is more likely than not that the Corporation will not be required to sell these securities prior to recovery to satisfy liquidity needs, and therefore, no securities are deemed to be other-than-temporarily impaired. As of September 30, 2021 and December 31, 2020, securities having a fair value of $63.6 million and $55.9 million, respectively, were specifically pledged as collateral for public funds, the FRB discount window program, FHLB borrowings and other purposes. The FHLB has a blanket lien on non-pledged, mortgage-related loans and securities as part of the Corporation’s borrowing agreement with the FHLB. The following table shows the Corporation’s investment gross unrealized losses and fair value aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position at September 30, 2021 and December 31, 2020: September 30, 2021 Less than 12 Months 12 Months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) value losses value losses value losses Securities available-for-sale: U.S. asset backed securities $ 4,158 (26) — — 4,158 (26) U.S. government agency mortgage-backed securities 1,614 (29) — — 1,614 (29) U.S. government agency collateralized mortgage obligations 7,315 (142) — — 7,315 (142) State and municipal securities 34,808 (451) 568 (10) 35,376 (461) U.S. Treasuries 12,049 (78) — — 12,049 (78) Corporate bonds 2,244 (6) 439 (10) 2,683 (16) Total securities available-for-sale $ 62,188 (732) 1,007 (20) 63,195 (752) December 31, 2020 Less than 12 Months 12 Months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) value losses value losses value losses Securities available-for-sale: U.S. asset backed securities $ 2,884 (4) 7,443 (71) 10,327 (75) U.S. government agency collateralized mortgage obligations 2,284 (17) — — 2,284 (17) State and municipal securities 4,163 (63) — — 4,163 (63) Corporate bonds 1,198 (2) — — 1,198 (2) Total securities available-for-sale $ 10,529 (86) 7,443 (71) 17,972 (157) The amortized cost and carrying value of securities at September 30, 2021 and December 31, 2020 are shown below by contractual maturities. Actual maturities may differ from contractual maturities as issuers may have the right to call or repay obligations with or without call or prepayment penalties. September 30, 2021 December 31, 2020 Available-for-sale Held-to-maturity Available-for-sale Held-to-maturity Amortized Fair Amortized Fair Amortized Fair Amortized Fair (dollars in thousands) cost value cost value cost value cost value Investment securities: Due in one year or less $ — — — — $ — — — — Due after one year through five years — — 3,133 3,197 — — 3,181 3,288 Due after five years through ten years 28,999 29,010 3,273 3,463 12,035 12,095 3,329 3,569 Due after ten years 86,068 86,628 — — 81,316 83,512 — — Subtotal 115,067 115,638 6,406 6,660 93,351 95,607 6,510 6,857 Mortgage-related securities 30,062 30,511 — — 26,864 27,955 — — Total $ 145,129 146,149 6,406 6,660 $ 120,215 123,562 6,510 6,857 Proceeds from the sale of available for sale investment securities totaled $7.3 million for the three months ended September 30, 2021 and $20.9 million for the nine months ended September 30, 2021, resulting in a gross gain on sale of $314 thousand and no gross loss on sale for the three months ended September 30, 2021, and a gross gain on sale of $562 thousand and a gross loss on sale of $200 thousand for the nine months ended September 30, 2021. Proceeds from the sale of available for sale investment securities totaled $26.4 million and $44.6 million for the three and nine months ended September 30, 2020, respectively, resulting in a gross gain on sale of $1.3 million and no gross loss on sale for the three months ended September 30, 2020, and a gross gain on sale of $1.5 million and a gross loss on sale of $202 thousand for the nine months ended September 30, 2020.

Loans Receivable

Loans Receivable	9 Months Ended
Loans Receivable	Sep. 30, 2021
Loans Receivable
Loans Receivable	(4) Loans Receivable Loans and leases outstanding at September 30, 2021 and December 31, 2020 are detailed by category as follows: September 30, December 31, (dollars in thousands) 2021 2020 Mortgage loans held for sale $ 117,996 229,199 Real estate loans: Commercial mortgage 542,473 485,103 Home equity lines and loans 52,819 64,987 Residential mortgage (1) 59,295 52,454 Construction 162,192 140,246 Total real estate loans 816,779 742,790 Commercial and industrial 278,976 261,750 Small business loans 90,477 49,542 Paycheck Protection Program loans ("PPP") 118,585 203,543 Main Street Lending Program Loans ("MSLP") 592 580 Consumer 427 511 Leases, net 73,993 31,040 Total portfolio loans and leases 1,379,829 1,289,756 Total loans and leases $ 1,497,825 1,518,955 Loans with predetermined rates $ 542,289 658,458 Loans with adjustable or floating rates 955,536 860,497 Total loans and leases $ 1,497,825 1,518,955 Net deferred loan origination (fees) costs $ (1,159) (4,992) (1) Includes $17,142 and $12,182 of loans at fair value as of September 30, 2021 and December 31, 2020, respectively. Components of the net investment in leases at September 30, 2021 and December 31, 2020 are detailed as follows: September 30, December 31, (dollars in thousands) 2021 2020 Minimum lease payments receivable $ 89,051 37,919 Unearned lease income (15,058) (6,879) Total $ 73,993 31,040 Age Analysis of Past Due Loans and Leases The following tables present an aging of the Corporation’s loan and lease portfolio as of September 30, 2021 and December 31, 2020, respectively: Total 90+ days Accruing Nonaccrual Total loans September 30, 2021 30-89 days past due and Total past Loans and loans and portfolio Delinquency (dollars in thousands) past due still accruing due Current leases leases and leases percentage Commercial mortgage $ — — — 542,473 542,473 — 542,473 — % Home equity lines and loans 65 — 65 51,844 51,909 910 52,819 1.85 Residential mortgage (1) 143 — 143 56,874 57,017 2,278 59,295 4.08 Construction — — — 162,192 162,192 — 162,192 — Commercial and industrial 770 — 770 273,117 273,887 5,089 278,976 2.10 Small business loans — — — 89,561 89,561 916 90,477 1.01 Paycheck Protection Program loans 2,422 — 2,422 116,163 118,585 — 118,585 2.04 Main Street Lending Program loans — — — 592 592 — 592 — Consumer — — — 427 427 — 427 — Leases, net 263 — 263 73,730 73,993 — 73,993 0.36 Total $ 3,663 — 3,663 1,366,973 1,370,636 9,193 1,379,829 0.93 % (1) Includes $17,142 of loans at fair value as of September 30, 2021 ($16,523 are current, $143 are 30-89 days past due, and $475 are nonaccrual). Total 90+ days Accruing Nonaccrual Total loans December 31, 2020 30-89 days past due and Total past Loans and loans and portfolio Delinquency (dollars in thousands) past due still accruing due Current leases leases and leases percentage Commercial mortgage $ — — — 482,042 482,042 3,061 485,103 0.63 % Home equity lines and loans — — — 64,128 64,128 859 64,987 1.32 Residential mortgage (1) 3,595 — 3,595 46,134 49,729 2,725 52,454 12.05 Construction — — — 140,246 140,246 — 140,246 — Commercial and industrial — — — 260,465 260,465 1,285 261,750 0.49 Small business loans — — — 49,542 49,542 — 49,542 — Paycheck Protection Program loans — — — 203,543 203,543 — 203,543 — Main Street Lending Program loans — — — 580 580 — 580 — Consumer — — — 511 511 — 511 — Leases, net 109 — 109 30,931 31,040 — 31,040 0.35 Total $ 3,704 — 3,704 1,278,122 1,281,826 7,930 1,289,756 0.90 % (1) Includes $12,182 of loans at fair value as of December 31, 2020 ($10,314 are current, $958 are 30-89 days past due and $910 are nonaccrual).

Allowance for Loan Losses (the

Allowance for Loan Losses (the Allowance)	9 Months Ended
Allowance for Loan Losses (the Allowance)	Sep. 30, 2021
Allowance for Loan Losses (the Allowance)
Allowance for Loan Losses (the Allowance)	(5) Allowance for Loan Losses (the “Allowance”) The Allowance is established through provisions for loan losses charged against income. Loans deemed to be uncollectible are charged against the Allowance, and subsequent recoveries, if any, are credited to the Allowance. The Allowance is maintained at a level considered adequate to provide for losses that are probable and estimatable. Management’s periodic evaluation of the adequacy of the Allowance is based on known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is subjective as it requires material estimates that may be susceptible to significant revisions as more information becomes available. Estimates for the allowance for loan and lease losses at September 30, 2021 include probable losses related to the COVID-19 pandemic. Roll-Forward of Allowance by Portfolio Segment The following tables detail the roll-forward of the Corporation’s Allowance, by portfolio segment, for the three and nine month periods ended September 30, 2021 and 2020, respectively: Balance, Balance, (dollars in thousands) June 30, 2021 Charge-offs Recoveries Provision September 30, 2021 Commercial mortgage $ 7,146 — — (604) 6,542 Home equity lines and loans 281 — 1 (9) 273 Residential mortgage 324 — 1 (49) 276 Construction 2,241 — — 44 2,285 Commercial and industrial 5,360 — 15 239 5,614 Small business loans 2,235 — — 864 3,099 Consumer 4 — 1 (2) 3 Leases 770 — — 114 884 Total $ 18,361 — 18 597 18,976 Balance, Balance, (dollars in thousands) December 31, 2020 Charge-offs Recoveries Provision September 30, 2021 Commercial mortgage $ 7,451 — — (909) 6,542 Home equity lines and loans 434 — 5 (166) 273 Residential mortgage 385 — 5 (114) 276 Construction 2,421 — — (136) 2,285 Commercial and industrial 5,431 — 33 150 5,614 Small business loans 1,259 — — 1,840 3,099 Consumer 4 — 3 (4) 3 Leases 382 (129) — 631 884 Total $ 17,767 (129) 46 1,292 18,976 Balance, Balance, (dollars in thousands) June 30, 2020 Charge-offs Recoveries Provision September 30, 2020 Commercial mortgage $ 5,277 — — 1,658 6,935 Home equity lines and loans 672 (75) 2 (82) 517 Residential mortgage 346 — 1 (13) 334 Construction 2,019 — — 463 2,482 Commercial and industrial 3,606 (22) 4 1,450 5,038 Small business loans 747 — — 360 1,107 Consumer 4 — 1 (1) 4 Leases 35 — — 121 156 Total $ 12,706 (97) 8 3,956 16,573 Balance, Balance, (dollars in thousands) December 31, 2019 Charge-offs Recoveries Provision September 30, 2020 Commercial mortgage $ 3,426 — — 3,509 6,935 Home equity lines and loans 342 (89) 6 258 517 Residential mortgage 179 — 5 150 334 Construction 2,362 — — 120 2,482 Commercial and industrial 2,684 (31) 37 2,348 5,038 Small business loans 509 — — 598 1,107 Consumer 6 (10) 3 5 4 Leases 5 — — 151 156 Total $ 9,513 (130) 51 7,139 16,573 Allowance Allocated by Portfolio Segment The following tables detail the allocation of the allowance for loan and lease losses and the carrying value for loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases for impairment as of September 30, 2021 and December 31, 2020. Allowance on loans and leases Carrying value of loans and leases Individually Collectively Individually Collectively September 30, 2021 evaluated evaluated evaluated evaluated (dollars in thousands) for impairment for impairment Total for impairment for impairment Total Commercial mortgage $ — 6,542 6,542 $ 2,568 539,905 542,473 Home equity lines and loans 2 271 273 910 51,909 52,819 Residential mortgage 12 264 276 1,802 40,351 42,153 Construction — 2,285 2,285 1,206 160,986 162,192 Commercial and industrial 1,526 4,088 5,614 3,651 275,325 278,976 Small business loans 376 2,723 3,099 1,057 89,420 90,477 Paycheck Protection Program loans — — — — 118,585 118,585 (2) Main Street Lending Program — — — — 592 592 (2) Consumer — 3 3 — 427 427 Leases, net — 884 884 — 73,993 73,993 Total $ 1,916 17,060 18,976 $ 11,194 1,351,493 1,362,687 (1) Allowance on loans and leases Carrying value of loans and leases Individually Collectively Individually Collectively December 31, 2020 evaluated evaluated evaluated evaluated (dollars in thousands) for impairment for impairment Total for impairment for impairment Total Commercial mortgage $ — 7,451 7,451 $ 1,606 483,497 485,103 Home equity lines and loans 9 425 434 921 64,066 64,987 Residential mortgage 73 312 385 1,817 38,455 40,272 Construction — 2,421 2,421 1,206 139,040 140,246 Commercial and industrial 1,563 3,868 5,431 4,645 257,105 261,750 Small business loans — 1,259 1,259 185 49,357 49,542 Paycheck Protection Program loans — — — — 203,543 203,543 (2) Main Street Lending Program — — — — 580 580 (2) Consumer — 4 4 — 511 511 Leases, net — 382 382 — 31,040 31,040 Total $ 1,645 16,122 17,767 $ 10,380 1,267,194 1,277,574 (1) (1) Excludes deferred fees and loans carried at fair value. (2) PPP and MSLP loans are not reserved against as they are 100% guaranteed. Loans and Leases by Credit Ratings As part of the process of determining the Allowance to the different segments of the loan and lease portfolio, Management considers certain credit quality indicators. For the commercial mortgage, construction and commercial and industrial loan segments, periodic reviews of the individual loans are performed by Management. The results of these reviews are reflected in the risk grade assigned to each loan. These internally assigned grades are as follows: ● Pass – Loans considered to be satisfactory with no indications of deterioration. ● Special mention – Loans classified as special mention have a potential weakness that deserves Management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. ● Substandard – Loans classified as substandard are inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ● Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loan balances classified as doubtful have been reduced by partial charge-offs and are carried at their net realizable values. The following tables detail the carrying value of loans and leases by portfolio segment based on the credit quality indicators used to determine the allowance for loan and lease losses as of September 30, 2021 and December 31, 2020: September 30, 2021 Special (dollars in thousands) Pass mention Substandard Doubtful Total Commercial mortgage $ 505,355 31,464 5,654 — 542,473 Home equity lines and loans 51,427 — 1,392 — 52,819 Construction 153,200 8,992 — — 162,192 Commercial and industrial 222,041 35,756 21,179 — 278,976 Small business loans 87,161 — 3,316 — 90,477 Paycheck Protection Program loans 118,585 — — — 118,585 Main Street Lending Program loans 592 — — — 592 Total $ 1,138,361 76,212 31,541 — 1,246,114 December 31, 2020 Special (dollars in thousands) Pass mention Substandard Doubtful Total Commercial mortgage $ 449,545 32,059 3,499 — 485,103 Home equity lines and loans 63,923 — 1,064 — 64,987 Construction 132,286 7,960 — — 140,246 Commercial and industrial 227,349 21,721 9,000 3,680 261,750 Small business loans 46,789 — 2,753 — 49,542 Paycheck Protection Program loans 203,543 — — — 203,543 Main Street Lending Program loans 580 — — — 580 Total $ 1,124,015 61,740 16,316 3,680 1,205,751 In addition to credit quality indicators as shown in the above tables, allowance allocations for residential mortgages, consumer loans and leases are also applied based on their performance status as of September 30, 2021 and December 31, 2020. No troubled debt restructurings performing according to modified terms are included in performing residential mortgages below as of September 30, 2021 and December 31, 2020. September 30, 2021 December 31, 2020 (dollars in thousands) Performing Nonperforming Total Performing Nonperforming Total Residential mortgage $ 40,351 1,802 42,153 $ 38,457 1,815 40,272 Consumer 427 — 427 511 — 511 Leases, net 73,993 — 73,993 31,040 — 31,040 Total $ 114,771 1,802 116,573 $ 70,008 1,815 71,823 There were three nonperforming residential mortgage loans at September 30, 2021 and five nonperforming residential mortgage loans at December 31, 2020 with a combined outstanding principal balance of $476 thousand and $910 thousand, respectively, which were carried at fair value and not included in the table above. Impaired Loans The following table details the recorded investment and principal balance of impaired loans by portfolio segment, and their related allowance for loan and lease losses. As of September 30, 2021 As of December 31, 2020 Recorded Principal Related Recorded Principal Related (dollars in thousands) investment balance allowance investment balance allowance Impaired loans with related allowance: Commercial and industrial $ 3,201 3,321 1,526 3,860 3,902 1,563 Small business loans 916 916 376 — — — Home equity lines and loans 88 102 2 95 105 9 Residential mortgage 169 169 12 689 689 73 Total $ 4,374 4,508 1,916 4,644 4,696 1,645 Impaired loans without related allowance: Commercial mortgage $ 2,568 2,568 — 1,606 1,642 — Commercial and industrial 450 515 — 785 862 — Small business loans 141 141 — 185 185 — Home equity lines and loans 822 836 — 826 839 — Residential mortgage 1,633 1,633 — 1,128 1,128 — Construction 1,206 1,206 — 1,206 1,206 — Total 6,820 6,899 — 5,736 5,862 — Grand Total $ 11,194 11,407 1,916 10,380 10,558 1,645 The following table details the average recorded investment and interest income recognized on impaired loans by portfolio segment. Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Average Interest Average Interest recorded Income recorded Income (dollars in thousands) investment Recognized investment Recognized Impaired loans with related allowance: Commercial and industrial $ 3,242 5 3,907 26 Small business loans 916 — — — Home equity lines and loans 89 — 100 — Residential mortgage 169 — — — Total $ 4,416 5 4,007 26 Impaired loans without related allowance: Commercial mortgage $ 2,573 8 2,080 47 Commercial and industrial 473 19 874 6 Small business loans 147 3 208 5 Home equity lines and loans 823 — 564 — Residential mortgage 1,636 6 1,649 41 Construction 1,206 17 1,206 14 Total $ 6,858 53 6,581 113 Grand Total $ 11,274 58 10,588 139 Nine Months Ended Nine Months Ended September 30, 2021 September 30, 2020 Average Interest Average Interest recorded Income recorded Income (dollars in thousands) investment Recognized investment Recognized Impaired loans with related allowance: Commercial and industrial $ 3,306 15 1,766 36 Small business loans 917 — — — Home equity lines and loans 92 — 103 — Residential mortgage 170 — — — Total $ 4,485 15 1,869 36 Impaired loans without related allowance: Commercial mortgage $ 2,584 24 1,852 89 Commercial and industrial 485 19 700 14 Small business loans 161 11 220 16 Home equity lines and loans 824 — 575 — Residential mortgage 1,640 9 1,478 133 Construction 1,206 47 1,209 46 Leases 53 — — — Total $ 6,953 110 6,034 298 Grand Total $ 11,438 125 7,903 334 Troubled Debt Restructuring The restructuring of a loan is considered a “troubled debt restructuring” (“TDR”) if both of the following conditions are met: (i) the borrower is experiencing financial difficulties, and (ii) the creditor has granted a concession. The most common concessions granted include one or more modifications to the terms of the debt, such as (a) a reduction in the interest rate for the remaining life of the debt, (b) an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, (c) a temporary period of interest-only payments, (d) a reduction in the contractual payment amount for either a short period or remaining term of the loan, and (e) for leases, a reduced lease payment. A less common concession granted is the forgiveness of a portion of the principal. The determination of whether a borrower is experiencing financial difficulties takes into account not only the current financial condition of the borrower, but also the potential financial condition of the borrower were a concession not granted. The determination of whether a concession has been granted is subjective in nature. For example, simply extending the term of a loan at its original interest rate or even at a higher interest rate could be interpreted as a concession unless the borrower could readily obtain similar credit terms from a different lender. The balance of TDRs at September 30, 2021 and December 31, 2020 are as follows: September 30, December 31, (dollars in thousands) 2021 2020 TDRs included in nonperforming loans and leases $ 367 244 TDRs in compliance with modified terms 2,476 3,362 Total TDRs $ 2,843 3,606 There were no loan and lease modifications granted during the three and nine months ended September 30, 2021 and 1 loan and lease modification granted during the three and nine months ended September 30, 2020 that were categorized as a TDR. No loan and lease modifications granted during the three and nine months ended September 30, 2021 and 2020 subsequently defaulted during the same time period. In accordance with Section 4013 of the CARES Act, loan deferrals granted to customers that resulted from the impact of COVID-19 and who were not past due at the time of deferral were not considered trouble debt restructurings under ASC 310-40 as of September 30, 2021. COVID-19 loan modifications provided to borrowers amounted to $24.9 million as of September 30, 2021, down from $26.9 million as of December 31, 2020. Loan modifications were $19.1 million as of September 30, 2020. This provision of Section 4013 of the CARES Act was extended to January 1, 2022 under the Consolidated Appropriations Act, 2021. Management continues to monitor these deferrals and has adequately considered these credits in the September 30, 2021 allowance for loan losses balance. These modified loans are classified as performing and are not considered past due. Loans are to be placed on non-accrual when it becomes apparent that payment of interest or recovery of all principal is questionable, and the COVID-19 related modification is no longer considered short-term or the modification is deemed ineffective.

Short-Term Borrowings and Long

Short-Term Borrowings and Long -Term Debt	9 Months Ended
Short-Term Borrowings and Long -Term Debt	Sep. 30, 2021
Short-Term Borrowings and Long-Term Debt
Short-Term Borrowings and Long-Term Debt	(6) Short-Term Borrowings and Long-Term Debt The Corporation’s short-term borrowings generally consist of federal funds purchased and short-term borrowings extended under agreements with the Federal Home Loan Bank of Pittsburgh (“FHLB”). The Corporation has two unsecured Federal Funds borrowing facilities with correspondent banks totaling $39 million combined. Federal Funds purchased generally represent one-day borrowings. The Corporation had no Federal Funds purchased at September 30, 2021 and December 31, 2020. The Corporation also has a facility with the Federal Reserve Bank (“FRB”) of Philadelphia discount window of $3.7 million. This facility is fully secured by investment securities. There were no borrowings under this at September 30, 2021 and $10 million at December 31, 2020. Short-term borrowings at September 30, 2021 and December 31, 2020 consisted of the following notes: Balance as of Maturity Interest September 30, December 31, (dollars in thousands) date rate 2021 2020 Open Repo Plus Weekly 05/31/2022 0.33 % — 60,416 Federal Reserve Discount Window 03/31/2021 0.25 — 10,000 Mid-term Repo-fixed 01/13/2021 0.36 — 4,605 Mid-term Repo-fixed 06/10/2021 0.10 — 6,376 Mid-term Repo-fixed 09/10/2021 0.11 — 10,000 Mid-term Repo-fixed 12/10/2021 0.16 10,000 10,000 Mid-term Repo-fixed 01/27/2021 0.23 — 5,465 Mid-term Repo-fixed 06/29/2022 0.32 7,392 — Mid-term Repo-fixed 09/12/2022 0.23 4,886 — Total $ 22,278 106,862 As part of the CARES Act, the FRB of Philadelphia offered secured discounted borrowings to banks who originated PPP loans through the Paycheck Protection Program Liquidity Facility or PPPLF program. Advances from this facility are secured 100% by the aggregate face value of pools comprised of loans with common maturity dates. PPPLF advances mature concurrently with the loans in a given pool. At September 30, 2021, the Corporation pledged $78.4 million of PPP loans to the FRB of Philadelphia to borrow $78.4 million of funds at a rate of 0.35%. Advances made on the PPPLF were ended by the FRB on July 30, 2021. Long-term debt at September 30, 2021 and December 31, 2020 consisted of the following notes: Balance as of Maturity Interest September 30, December 31, (dollars in thousands) date rate 2021 2020 PPPLF Advances 2022 0.35 % — 153,269 PPPLF Advances 2026 0.35 $ 78,405 — Mid-term Repo-fixed 06/29/2022 0.32 — 7,392 Mid-term Repo-fixed 09/12/2022 0.23 — 4,885 Total ` $ 78,405 165,546 The FHLB of Pittsburgh has also issued $128.5 million of letters of credit to the Corporation for the benefit of the Corporation’s public deposit funds and loan customers. These letters of credit expire throughout 2021. The Corporation has a maximum borrowing capacity with the FHLB of $533.4 million as of September 30, 2021 and $638.9 million as of December 31, 2020. All advances and letters of credit from the FHLB are secured by a blanket lien on non-pledged, mortgage-related loans and securities as part of the Corporation’s borrowing agreement with the FHLB.

Servicing Assets

Servicing Assets	9 Months Ended
Servicing Assets	Sep. 30, 2021
Servicing Assets
Servicing Assets	(7) Servicing Assets The Corporation sells certain residential mortgage loans and the guaranteed portion of certain small business loans (“SBA loans”) to third parties and retains servicing rights and receives servicing fees. All such transfers are accounted for as sales. When the Corporation sells a residential mortgage loan, it does not retain any portion of that loan and its continuing involvement in such transfers is limited to certain servicing responsibilities. While the Corporation may retain a portion of certain sold SBA loans, its continuing involvement in the portion of the loan that was sold is limited to certain servicing responsibilities. When the contractual servicing fees on loans sold with servicing retained are expected to be more than adequate compensation to a servicer for performing the servicing, a capitalized servicing asset is recognized. The Corporation accounts for the transfers and servicing of financial assets in accordance with ASC 860, Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities. Residential Mortgage Loan Servicing Rights The mortgage servicing rights (“MSRs”) are amortized over the period of the estimated future net servicing life of the underlying assets. MSR’s are evaluated quarterly for impairment based upon the fair value of the rights as compared to their amortized cost. Impairment is recognized on the income statement to the extent the fair value is less than the capitalized amount of the MSR. The Corporation serviced $968.6 million and $506.0 million of residential mortgage loans as of September 30, 2021 and December 31, 2020, respectively. During the three and nine months ended September 30, 2021, the Corporation recognized servicing fee income of $562 thousand and $1.4 million, respectively, compared to $140 thousand and $247 thousand during the three and nine months ended September 30, 2020, respectively. Changes in the MSR balance are summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Balance at beginning of the period $ 8,942 1,294 $ 4,647 446 Servicing rights capitalized 1,360 1,333 5,856 2,469 Amortization of servicing rights (316) (90) (786) (173) Change in valuation allowance 111 102 380 (103) Balance at end of the period $ 10,097 2,639 $ 10,097 2,639 Activity in the valuation allowance for MSR’s was as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Valuation allowance, beginning of period $ (166) (303) $ (435) (98) Impairment — — — (103) Recovery 111 102 380 — Valuation allowance, end of period $ (55) (201) $ (55) (201) The Corporation uses assumptions and estimates in determining the fair value of MSRs. These assumptions include prepayment speeds and discount rates. The assumptions used in the valuation were based on input from buyers, brokers and other qualified personnel, as well as market knowledge. At September 30, 2021, the key assumptions used to determine the fair value of the Corporation’s MSRs included a lifetime constant prepayment rate equal to 7.26% and a discount rate equal to 9.00%. At December 31, 2020, the key assumptions used to determine the fair value of the Corporation’s MSRs included a lifetime constant prepayment rate equal to 9.39% and a discount rate equal to 9.00%. The prepayment speed assumption has declined from December 31, 2020 to September 30, 2021 as interest rates have started to increase and the number of mortgage refinancings have started to decline, while the discount rate assumption is unchanged over this period as the underlying credit quality of the loans sold in each period is relatively unchanged. At September 30, 2021 and December 31, 2020, the sensitivity of the current fair value of the residential mortgage servicing rights to immediate 10% and 20% favorable and unfavorable changes in key economic assumptions are included in the following table. (dollars in thousands) September 30, 2021 December 31, 2020 Fair value of residential mortgage servicing rights $ 10,296 $ 4,647 Weighted average life (years) 9.0 5.0 Prepayment speed 7.26% 9.39% Impact on fair value: 10% adverse change $ (358) $ (183) 20% adverse change (695) (354) Discount rate 9.00% 9.00% Impact on fair value: 10% adverse change $ (397) $ (168) 20% adverse change (768) (329) The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. As indicated, changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in this table, the effect of an adverse variation in a particular assumption on the fair value of the MSRs is calculated without changing any other assumption; while in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or counteract the effect of the change. SBA Loan Servicing Rights SBA loan servicing assets are amortized over the period of the estimated future net servicing life of the underlying assets. SBA loan servicing assets are evaluated quarterly for impairment based upon the fair value of the rights as compared to their amortized cost. Impairment is recognized on the income statement to the extent the fair value is less than the capitalized amount of the SBA loan servicing asset. The Corporation serviced $102.5 million and $55.9 million of SBA loans, as of September 30, 2021 and December 31, 2020, respectively. Changes in the SBA loan servicing asset balance are summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Balance at beginning of the period $ 1,385 632 $ 970 337 Servicing rights capitalized 588 183 1,166 524 Amortization of servicing rights (112) (42) (266) (88) Change in valuation allowance (26) 14 (35) 14 Balance at end of the period $ 1,835 787 $ 1,835 787 Activity in the valuation allowance for SBA loan servicing assets was as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Valuation allowance, beginning of period $ (48) (26) $ (39) (26) Impairment (26) — (35) — Recovery — 14 — 14 Valuation allowance, end of period $ (74) (12) $ (74) (12) The Corporation uses assumptions and estimates in determining the fair value of SBA loan servicing rights. These assumptions include prepayment speeds, discount rates, and other assumptions. The assumptions used in the valuation were based on input from buyers, brokers and other qualified personnel, as well as market knowledge. At September 30, 2021, the key assumptions used to determine the fair value of the Corporation’s SBA loan servicing rights included a lifetime constant prepayment rate equal to 12.91%, and a discount rate equal to 7.47%. At December 31, 2020, the key assumptions used to determine the fair value of the Corporation’s SBA loan servicing rights included a lifetime constant prepayment rate equal to 12.73%, and a discount rate equal to 8.33%. At September 30, 2021 and December 31, 2020, the sensitivity of the current fair value of the SBA loan servicing rights to immediate 10% and 20% favorable and unfavorable changes in key economic assumptions are included in the following table. (dollars in thousands) September 30, 2021 December 31, 2020 Fair value of SBA loan servicing rights $ 1,954 $ 1,010 Weighted average life (years) 3.8 3.7 Prepayment speed 12.91% 12.73% Impact on fair value: 10% adverse change $ (77) $ (37) 20% adverse change (148) (71) Discount rate 7.47% 8.33% Impact on fair value: 10% adverse change $ (53) $ (25) 20% adverse change (103) (49) The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. As indicated, changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in this table, the effect of an adverse variation in a particular assumption on the fair value of the SBA servicing rights is calculated without changing any other assumption; while in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or counteract the effect of the change.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	9 Months Ended
Fair Value Measurements and Disclosures	Sep. 30, 2021
Fair Value Measurements and Disclosures
Fair Value Measurements and Disclosures	(8) Fair Value Measurements and Disclosures The Corporation uses fair value measurements to record fair value adjustments to certain assets and liabilities. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Corporation’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation techniques or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Corporation groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 – Valuation is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis. Securities The fair value of securities available-for-sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Mortgage Loans Held for Sale The fair value of loans held for sale is based on secondary market prices. Mortgage Loans Held for Investment The fair value of mortgage loans held for investment is based on the price secondary markets are currently offering for similar loans using observable market data. Derivative Financial Instruments The fair values of forward commitments and interest rate swaps are based on market pricing and therefore are considered Level 2. Derivatives classified as Level 3 consist of interest rate lock commitments related to mortgage loan commitments. The determination of fair value includes assumptions related to the likelihood that a commitment will ultimately result in a closed loan, which is a significant unobservable assumption. A significant increase or decrease in the external market price would result in a significantly higher or lower fair value measurement. For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2021 and December 31, 2020 are as follows : September 30, 2021 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 21,293 — 21,293 — U.S. government agency mortgage-backed securities 5,459 — 5,459 — U.S. government agency collateralized mortgage obligations 24,053 — 24,053 — State and municipal securities 72,828 — 72,828 — U.S. Treasuries 15,010 — 15,010 — Non-U.S. government agency collateralized mortgage obligations 999 — 999 — Corporate bonds 6,507 — 6,507 — Equity investments 1,011 — 1,011 — Mortgage loans held for sale 117,996 — 117,996 — Mortgage loans held for investment 17,142 — 17,142 — Interest rate lock commitments 1,712 — — 1,712 Forward commitments 447 — 447 — Customer derivatives - interest rate swaps 1,052 — 1,052 — Total $ 285,509 — 283,797 1,712 Liabilities Interest rate lock commitments 360 — — 360 Forward commitments 22 — 22 — Customer derivatives - interest rate swaps 1,101 — 1,101 — $ 1,483 — 1,123 360 December 31, 2020 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 25,592 — 25,592 — U.S. government agency mortgage-backed securities 4,046 — 4,046 — U.S. government agency collateralized mortgage obligations 23,909 — 23,909 — State and municipal securities 65,810 — 65,810 — Corporate bonds 4,205 — 4,205 — Equity investments 1,031 — 1,031 — Mortgage loans held for sale 229,199 — 229,199 — Mortgage loans held for investment 12,182 — 12,182 — Interest rate lock commitments 6,932 — — 6,932 Forward commitments — — — — Customer derivatives - interest rate swaps 1,118 — 1,118 — Total $ 374,024 — 367,092 6,932 Liabilities Interest rate lock commitments 100 — — 100 Forward commitments 1,572 — 1,572 — Customer derivatives - interest rate swaps 1,219 — 1,219 — $ 2,891 — 2,791 100 Financial assets measured at fair value on a nonrecurring basis, are considered Level 3 assets in the fair value hierarchy. The fair value used at September 30, 2021 and December 31, 2020 are as follows: September 30, 2021 December 31, 2020 (dollars in thousands) Fair Value Fair Value Mortgage servicing rights $ 10,097 4,647 SBA loan servicing rights 1,835 970 Impaired loans (1) 2,458 2,998 Total $ 14,390 8,615 (1) Impaired loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values. Below is management’s estimate of the fair value of all financial instruments, whether carried at cost or fair value on the Corporation’s balance sheet. The following information should not be interpreted as an estimate of the fair value of the entire Corporation since a fair value calculation is only provided for a limited portion of the Corporation’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Corporation’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair value of the Corporation’s financial instruments: Cash and Cash Equivalents The carrying amounts reported in the balance sheet for cash and short-term instruments approximate those assets’ fair values. Loans Receivable The fair value of loans receivable is estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair value below is reflective of an exit price. Loan Servicing Rights The Corporation estimates the fair value of mortgage servicing rights and SBA loan servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the interest rates of the portfolios serviced. These servicing rights are classified within Level 3 in the fair value hierarchy based upon management’s assessment of the inputs. The Corporation reviews the servicing rights portfolios on a quarterly basis for impairment. Impaired Loans Impaired loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. Accrued Interest Receivable and Payable The carrying amount of accrued interest receivable and accrued interest payable approximates its fair value. Deposit Liabilities The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Short-Term Borrowings The carrying amounts of short-term borrowings approximate their fair values. Long-Term Debt Fair values of FHLB advances are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms and remaining maturity. These prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Subordinated Debt Fair values of junior subordinated debt are estimated using discounted cash flow analysis, based on market rates currently offered on such debt with similar credit risk characteristics, terms and remaining maturity. Off-Balance Sheet Financial Instruments Off-balance sheet instruments are primarily comprised of loan commitments, which are generally priced at market at the time of funding. Fees on commitments to extend credit and stand-by letters of credit are deemed to be immaterial and these instruments are expected to be settled at face value or expire unused. It is impractical to assign any fair value to these instruments and as a result they are not included in the table below. Fair values assigned to the notional value of interest rate lock commitments and forward sale contracts are based on market quotes. The estimated fair values of the Corporation’s financial instruments at September 30, 2021 and December 31, 2020 are as follows: September 30, 2021 December 31, 2020 Fair Value Carrying Carrying (dollars in thousands) Hierarchy Level amount Fair value amount Fair value Financial assets: Cash and cash equivalents Level 1 $ 63,121 63,121 36,744 36,744 Securities available-for-sale Level 2 146,149 146,149 123,562 123,562 Securities held-to-maturity Level 2 6,406 6,660 6,510 6,857 Equity investments Level 2 1,011 1,011 1,031 1,031 Mortgage loans held for sale Level 2 117,996 117,996 229,199 229,199 Loans receivable, net of the allowance for loan and lease losses Level 3 1,361,528 1,391,260 1,272,582 1,289,776 Mortgage loans held for investment Level 2 17,142 17,142 12,182 12,182 Interest rate lock commitments Level 3 1,712 1,712 6,932 6,932 Forward commitments Level 2 447 447 — — Restricted investment in bank stock NA 4,162 NA 7,861 NA Accrued interest receivable Level 3 5,080 5,080 5,482 5,482 Customer derivatives - interest rate swaps Level 2 1,052 1,052 1,118 1,118 Financial liabilities: Deposits Level 2 1,439,047 1,552,500 1,241,335 1,392,500 Short-term borrowings Level 2 22,278 22,278 106,862 106,862 Long-term debt Level 2 78,405 79,373 165,546 168,000 Subordinated debentures Level 2 40,760 41,859 40,671 38,375 Accrued interest payable Level 2 663 663 1,154 1,154 Interest rate lock commitments Level 3 360 360 100 100 Forward commitments Level 2 22 22 1,572 1,572 Customer derivatives - interest rate swaps Level 2 1,101 1,101 1,219 1,219 Notional Notional Off-balance sheet financial instruments: amount Fair value amount Fair value Commitments to extend credit Level 2 $ 505,018 1,712 421,399 6,932 Letters of credit Level 2 17,711 — 8,928 — The following table includes a rollforward of interest rate lock commitments for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three and nine month peiods ended September 30, 2021 and 2020. Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance at beginning of the period $ 2,667 4,595 $ 6,932 504 (Decrease) increase in value (955) 3,203 (5,220) 7,294 Balance at end of the period $ 1,712 7,798 $ 1,712 7,798 The following table details the valuation techniques for Level 3 interest rate lock commitments. Significant Fair Value Unobservable Range of Weighted Level 3 Valuation Technique Input Inputs Average September 30, 2021 $ 1,712 Market comparable pricing Pull through 1 - 99 % 87.26 % December 31, 2020 6,932 Market comparable pricing Pull through 1 - 99 83.08 Net realized gains and losses due to changes in the fair value of interest rate lock commitments, which are classified as Level 3 assets and liabilities, are recorded in non-interest income as net change in the fair value of derivative instruments in the Corporation’s consolidated statements of income. Net realized losses of $1.1 million and $5.5 million were recorded for the three and nine months ended September 30, 2021, respectively, while net realized gains of $3.2 million and $7.2 million were recorded for the three and nine months ended September 30, 2020, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Sep. 30, 2021
Derivative Financial Instruments
Derivative Financial Instruments	(9) Derivative Financial Instruments Risk Management Objective of Using Derivatives The Corporation is exposed to certain risk arising from both its business operations and economic conditions. The Corporation principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Corporation manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Corporation enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Corporation’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Corporation’s known or expected cash receipts and its known or expected cash payments principally related to the Corporation’s loan portfolio. Mortgage Banking Derivatives In connection with its mortgage banking activities, the Corporation enters into commitments to originate certain fixed rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, the Corporation enters into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held for sale. Forward sales commitments may also be in the form of commitments to sell individual mortgage loans or interest rate locks at a fixed price at a future date. The amount necessary to settle each interest rate lock is based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. The fair value of interest rate lock commitments and forward commitments are recorded within other assets/liabilities on the consolidated balance sheets, with changes in fair values during the period recorded within net change in the fair value of derivative instruments on the unaudited consolidated statements of income. Customer Derivatives – Interest Rate Swaps Derivatives not designated as hedges are not speculative and result from a service the Corporation provides to certain customers to swap a fixed rate product for a variable rate product, or vice versa. The Corporation executes interest rate derivatives with commercial banking customers to facilitate their respective risk management strategies. Those interest rate derivatives are simultaneously hedged by offsetting derivatives that the Corporation executes with a third party, such that the Corporation minimizes its net interest rate risk exposure resulting from such transactions. The fair value of interest rate derivatives are recorded within other assets/liabilities on the consolidated balance sheets. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. The following table presents a summary of the notional amounts and fair values of derivative financial instruments: September 30, 2021 December 31, 2020 (dollars in thousands) Balance Sheet Line Item Notional Asset Notional Asset Interest Rate Lock Commitments Positive fair values Other assets $ 159,507 1,712 406,422 6,932 Negative fair values Other liabilities 58,039 (360) 22,406 (100) Total 217,546 1,352 428,828 6,832 Forward Commitments Positive fair values Other assets 86,000 447 — — Negative fair values Other liabilities 11,500 (22) 218,000 (1,572) Total 97,500 425 218,000 (1,572) Customer Derivatives - Interest Rate Swaps Positive fair values Other assets 35,790 1,052 20,979 1,118 Negative fair values Other liabilities 35,790 (1,101) 20,979 (1,219) Total 71,580 (49) 41,958 (101) Total derivative financial instruments $ 386,626 1,728 688,786 5,159 Interest rate lock commitments are considered Level 3 in the fair value hierarchy, while the forward commitments and interest rate swaps are considered Level 2 in the fair value hierarchy. The following table presents a summary of the fair value gains and losses on derivative financial instruments: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Interest Rate Lock Commitments $ (1,056) 3,161 $ (5,480) 7,226 Forward Commitments 703 (129) 1,997 (801) Customer Derivatives - Interest Rate Swaps 14 (4) 52 (79) Net fair value (losses) gains on derivative financial instruments $ (339) 3,028 $ (3,431) 6,346 Net realized losses on derivatives were $1.2 million and net realized gains were $2.4 million for the three and nine months ended September 30, 2021, respectively, and net realized losses on derivatives were $2.6 million and $7.4 million for the three and nine months ended September 30, 2020, respectively.

Segments

Segments	9 Months Ended
Segments	Sep. 30, 2021
Segments
Segments	(10) Segments ASC Topic 280 – Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Chief Executive Officer, in deciding how to allocate resources and assess performance. The Corporation has applied the aggregation criterion set forth in this codification to the results of its operations. Our Banking segment (“Bank”) consists of commercial and retail banking. The Banking segment generates interest income from its lending, including leasing, and investing activities and is dependent on the gathering of lower cost deposits from its branch network or borrowed funds from other sources for funding its loans, resulting in the generation of net interest income. The Banking segment also derives revenues from other sources including gains on the sale of investment securities, gains on the sale of loans, SBA income, service charges on deposit accounts, cash sweep fees, overdraft fees, BOLI income, title insurance fees, and other less significant non-interest income. Meridian Wealth Partners (“Wealth”), is a registered investment advisor and wholly-owned subsidiary of the Bank, that provides a comprehensive array of wealth management services and products and the trusted guidance to help its clients and our banking customers prepare for the future. The unit generates non-interest income through advisory fees. Meridian Mortgage (“Mortgage”) consists of 16 loan production offices located throughout the Delaware Valley and Maryland. The Mortgage segment originates 1 – 4 family residential mortgages and sells nearly all of its production to third party investors. The unit generates net interest income on the loans it originates and holds temporarily, then earns fee income (primarily gain on sales) at the time of the sale. The unit also recognizes income from document preparation fees, changes in portfolio pipeline fair values and related net hedging gains. The table below summarizes income and expenses, directly attributable to each business line, which has been included in the statement of operations. Segment Information Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 15,777 2 478 16,257 $ 12,104 (19) 630 12,715 Provision for loan losses 597 — — 597 3,956 — — 3,956 Net interest income after provision 15,180 2 478 15,660 8,148 (19) 630 8,759 Non-interest Income Mortgage banking income 215 — 18,511 18,726 574 — 21,238 21,812 Wealth management income — 1,232 — 1,232 — 951 — 951 SBA income 2,688 — — 2,688 641 — — 641 Net change in fair values 13 — (847) (834) (4) — 6,057 6,053 Net loss on hedging activity — — (1,189) (1,189) — — (2,637) (2,637) Other 836 — 663 1,499 2,045 — 195 2,240 Non-interest income 3,752 1,232 17,138 22,122 3,256 951 24,853 29,060 Non-interest expense 10,633 802 14,046 25,481 8,829 788 16,217 25,834 Income before income taxes $ 8,299 432 3,570 12,301 $ 2,575 144 9,266 11,985 Total Assets $ 1,625,468 6,396 130,581 1,762,445 $ 1,525,883 5,399 227,366 1,758,648 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 45,340 (249) 1,698 46,789 $ 32,725 (24) 1,277 33,978 Provision for loan losses 1,292 — — 1,292 7,139 — — 7,139 Net interest income after provision 44,048 (249) 1,698 45,497 25,586 (24) 1,277 26,839 Non-interest Income Mortgage banking income 892 — 61,401 62,293 973 — 44,422 45,395 Wealth management income — 3,531 — 3,531 — 2,825 — 2,825 SBA income 5,423 — — 5,423 1,821 — — 1,821 Net change in fair values 52 — (6,671) (6,619) (68) — 11,012 10,944 Net gain (loss) on hedging activity — — 2,397 2,397 — — (7,363) (7,363) Other 2,110 — 1,767 3,877 2,931 14 405 3,350 Non-interest income 8,477 3,531 58,894 70,902 5,657 2,839 48,476 56,972 Non-interest expense 28,981 2,486 48,523 79,990 23,341 2,363 35,448 61,152 Income before income taxes $ 23,544 796 12,069 36,409 $ 7,902 452 14,305 22,659 Total Assets $ 1,625,468 6,396 130,581 1,762,445 $ 1,525,883 5,399 227,366 1,758,648

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2021
Stockholders' Equity
Stockholders' Equity	(11) Stockholders’ Equity During the nine months ended September 30, 2021 the Corporation had the following dividend activity: Date Date of Date Quarterly Special Declared Record Paid Dividend Dividend January 28, 2021 February 8, 2021 February 22, 2021 $ 0.125 $ — February 16, 2021 March 1, 2021 March 15, 2021 — 1.00 April 22, 2021 May 10, 2021 May 17, 2021 0.125 — July 22, 2021 August 9, 2021 August 16, 2021 0.125 — On April 26, 2021, the Corporation announced that its Board of Directors has authorized a stock repurchase plan pursuant to which the Corporation may repurchase up to $6 million of the company’s outstanding common stock, par value $1.00 per share. Stock will be purchased from time to time in the open market or through privately negotiated transactions, or otherwise, at the discretion of management of the company in accordance with legal requirements. This program is subject to applicable regulatory protocol. There were 78,491 shares purchased during the three months ended September 30, 2021 at an average price of $27.41, for an aggregate purchase price of $2.2 million. At the Annual Meeting of Shareholders held on June 17, 2021, the shareholders of the Corporation approved to amend the Corporation’s Articles of Incorporation to increase the authorized numbers of shares of common stock of the Corporation from 10,000,000 shares to 25,000,000 shares. The Articles of Amendment of the Corporation were filed with the Secretary of State of the Commonwealth of Pennsylvania on June 21, 2021.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2021
Recent Accounting Pronouncements
Recent Accounting Pronouncements	(12) Recent Accounting Pronouncements As an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”), the Bank is permitted an extended transition period for complying with new or revised accounting standards affecting public companies. We will remain an emerging growth company until the earliest of (i) the end of the fiscal year during which we have total annual gross revenues of $1,070,000,000 or more, (ii) the end of the fiscal year following the fifth anniversary of the completion of our initial public offering (December 31, 2022), (iii) the date on which we have, during the previous three-year period, issued more than $1.0 billion in non-convertible debt and (iv) the end of the fiscal year in which the market value of our equity securities that are held by non-affiliates exceeds $700 million as of June 30 of that year. We have elected to take advantage of this extended transition period, which means that the financial statements included herein, as well as any financial statements that we file in the future, will not be subject to all new or revised accounting standards generally applicable to public companies for the transition period for so long as we remain an emerging growth company or until we affirmatively and irrevocably opt out of the extended transition period under the JOBS Act. If we do so, we will prominently disclose this decision in the first periodic report following our decision, and such decision is irrevocable. As a filer under the JOBS Act, we will implement new accounting standards subject to the effective dates required for non-public entities. FASB ASU 2016-13 (Topic 326), “Measurement of Credit Losses on Financial Instruments” Issued in June 2016, ASU 2016-13 significantly changes how companies measure and recognize credit impairment for many financial assets. This ASU requires businesses and other organizations to measure the current expected credit losses (“CECL”) on financial assets, such as loans, net investments in leases, certain debt securities, bond insurance and other receivables. The amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. Current GAAP requires an incurred loss methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in this ASU replace the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonableness and supportable information to inform credit loss estimates. An entity should apply the amendments through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (modified retrospective approach). Acquired credit impaired loans for which the guidance in Accounting Standards Codification (ASC) Topic 310-30 has been previously applied should prospectively apply the guidance in this ASU. A prospective transition approach is required for debt securities for which an other-than-temporary impairment has been recognized before the effective date. In October 2019, the FASB approved a delay for the implementation of the ASU. Accordingly, as an emerging growth company, the Corporation’s effective date for the implementation of the ASU will be January 1, 2023. The Corporation is currently determining under which method we will adopt this ASU. The Corporation has assembled a cross-functional team from Finance, Credit, and IT that is leading the implementation efforts to evaluate the impact of this guidance on the Corporation's consolidated financial statements and related disclosures, internal systems, accounting policies, processes and related internal controls. At this time the Corporation cannot yet estimate the impact to the consolidated financial statements. FASB ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” Issued in April 2019, ASU 2019-04 clarifies certain aspects of accounting for credit losses, hedging activities, and financial instruments (addressed by ASUs 2016-13, 2017-12, and 2016-01, respectively). The amendments to estimating expected credit losses (ASU 2016-13), in particular, how a company considers recoveries and extension options when estimating expected credit losses, are the most relevant to the Corporation. The ASU clarifies that (1) the estimate of expected credit losses should include expected recoveries of financial assets, including recoveries of amounts expected to be written off and those previously written off, and (2) that contractual extension or renewal options that are not unconditionally cancellable by the lender are considered when determining the contractual term over which expected credit losses are measured. Management will consider the impact of ASU 2019-04 when considering the impact of ASU 2016-13 as discussed above. FASB ASU 2016-02 (Topic 842), “Leases” Issued in February 2016, ASU 2016-02 revises the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. In June 2020, the FASB approved a delay for the implementation of the ASU. Accordingly, the amendments in this update are effective for the Corporation for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Under ASU 2016-02, the Corporation will recognize a right-of-use asset and a lease obligation liability on the consolidated statement of financial condition, which will increase the Corporation’s assets and liabilities. The Corporation is evaluating the impacts that ASU 2016-02 will have on its consolidated financial statements when adopted as of January 1, 2022. FASB ASU 2020-04 (Topic 848), “Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” Issued in March 2020, ASU 2020-04 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The Corporation does not have a significant concentration of loans, derivative contracts, borrowings or other financial instruments with attributes that are either directly or indirectly dependent on LIBOR. The guidance under ASC-848 will be available for a limited time, generally through December 31, 2022. The Corporation expects to adopt the LIBOR transition relief allowed under this standard. FASB ASU 2018-15 (Topic 350), "Intangibles - Goodwill and Other - Internal-Use Software" Issued in August 2018, ASU 2018-15 provides clarity on capitalizing and expensing implementation costs for cloud computing arrangements in a service contract. If an implementation cost is capitalized, the cost should be recognized over the noncancellable term and periodically assessed for impairment. The guidance is effective in annual and interim periods in fiscal years beginning after December 15, 2020 and interim periods within annual periods beginning after December 15, 2021. Adoption should be applied retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Corporation does not expect the adoption of this ASU to have a material impact on our consolidated financial statements and related disclosures. FASB ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” Issued in December 2019, ASU 2019-12 adds new guidance to simplify accounting for income taxes, changes the accounting for certain income tax transactions and makes minor improvements to the codification. The guidance is effective for annual periods beginning after December 15, 2020. Early adoption is permitted. The adoption of this ASU did not have a material impact on our consolidated financial statements and related disclosures. FASB ASU 2020-06, “Debt With Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity ” This ASU clarifies the accounting for certain financial instruments with characteristics of liabilities and equity. The amendments in this update reduce the number of accounting models for convertible debt instruments and convertible preferred stock by removing the cash conversion model and the beneficial conversion feature models. For public business entities that meet the definition of an SEC filer (excluding smaller reporting entities), the amendments are effective for fiscal years beginning after Dec. 15, 2021, and interim periods within. For all other entities, the amendments are effective for fiscal years beginning after Dec. 15, 2023, and interim periods within. Early adoption is permitted, but no earlier than for fiscal years beginning after Dec. 15, 2020.

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
Earnings per Common Share (Tables)	Sep. 30, 2021
Earnings per Common Share
Schedule of basic and diluted earnings per common share	Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands, except per share data) 2021 2020 2021 2020 Numerator: Net income available to common stockholders $ 9,438 9,212 $ 27,866 17,441 Denominator for basic earnings per share Weighted average shares outstanding 6,157 6,099 6,148 6,172 Average unearned ESOP shares (112) — (115) — Basic weighted averages shares outstanding 6,045 6,099 6,033 6,172 Effect of dilutive common shares 186 11 168 21 Denominator for diluted earnings per share - adjusted weighted average shares outstanding 6,231 6,110 6,201 6,193 Basic earnings per share $ 1.56 1.51 $ 4.62 2.83 Diluted earnings per share $ 1.52 1.51 $ 4.49 2.82 Antidilutive shares excluded from computation of average dilutive earnings per share 140 265 140 192

Securities (Tables)

Securities (Tables)	9 Months Ended
Securities (Tables)	Sep. 30, 2021
Securities
Schedule of amortized cost and fair value of securities	September 30, 2021 Gross Gross # of Securities Amortized unrealized unrealized Fair in unrealized (dollars in thousands) cost gains losses value loss position Securities available-for-sale: U.S. asset backed securities $ 21,120 199 (26) 21,293 4 U.S. government agency mortgage-backed securities 5,351 137 (29) 5,459 1 U.S. government agency collateralized mortgage obligations 23,712 483 (142) 24,053 7 State and municipal securities 72,415 874 (461) 72,828 23 U.S. Treasuries 15,082 6 (78) 15,010 11 Non-U.S. government agency collateralized mortgage obligations 999 — — 999 1 Corporate bonds 6,450 73 (16) 6,507 4 Total securities available-for-sale $ 145,129 1,772 (752) 146,149 51 Securities held-to-maturity: State and municipal securities 6,406 254 ─ 6,660 — Total securities held-to-maturity $ 6,406 254 — 6,660 — December 31, 2020 Gross Gross # of Securities Amortized unrealized unrealized Fair in unrealized (dollars in thousands) cost gains losses value loss position Securities available-for-sale: U.S. asset backed securities $ 25,303 364 (75) 25,592 8 U.S. government agency mortgage-backed securities 3,854 192 — 4,046 — U.S. government agency collateralized mortgage obligations 23,010 916 (17) 23,909 1 State and municipal securities 63,848 2,025 (63) 65,810 3 Corporate bonds 4,200 7 (2) 4,205 2 Total securities available-for-sale $ 120,215 3,504 (157) 123,562 14 Securities held-to-maturity: State and municipal securities 6,510 347 — 6,857 — Total securities held-to-maturity $ 6,510 347 — 6,857 —
Schedule of investment gross unrealized loss in continuous unrealized loss position	September 30, 2021 Less than 12 Months 12 Months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) value losses value losses value losses Securities available-for-sale: U.S. asset backed securities $ 4,158 (26) — — 4,158 (26) U.S. government agency mortgage-backed securities 1,614 (29) — — 1,614 (29) U.S. government agency collateralized mortgage obligations 7,315 (142) — — 7,315 (142) State and municipal securities 34,808 (451) 568 (10) 35,376 (461) U.S. Treasuries 12,049 (78) — — 12,049 (78) Corporate bonds 2,244 (6) 439 (10) 2,683 (16) Total securities available-for-sale $ 62,188 (732) 1,007 (20) 63,195 (752) December 31, 2020 Less than 12 Months 12 Months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) value losses value losses value losses Securities available-for-sale: U.S. asset backed securities $ 2,884 (4) 7,443 (71) 10,327 (75) U.S. government agency collateralized mortgage obligations 2,284 (17) — — 2,284 (17) State and municipal securities 4,163 (63) — — 4,163 (63) Corporate bonds 1,198 (2) — — 1,198 (2) Total securities available-for-sale $ 10,529 (86) 7,443 (71) 17,972 (157)
Schedule of amortized cost and carrying value of held-to-maturity securities and available-for-sale securities by contractual maturity	September 30, 2021 December 31, 2020 Available-for-sale Held-to-maturity Available-for-sale Held-to-maturity Amortized Fair Amortized Fair Amortized Fair Amortized Fair (dollars in thousands) cost value cost value cost value cost value Investment securities: Due in one year or less $ — — — — $ — — — — Due after one year through five years — — 3,133 3,197 — — 3,181 3,288 Due after five years through ten years 28,999 29,010 3,273 3,463 12,035 12,095 3,329 3,569 Due after ten years 86,068 86,628 — — 81,316 83,512 — — Subtotal 115,067 115,638 6,406 6,660 93,351 95,607 6,510 6,857 Mortgage-related securities 30,062 30,511 — — 26,864 27,955 — — Total $ 145,129 146,149 6,406 6,660 $ 120,215 123,562 6,510 6,857

Loans Receivable (Tables)

Loans Receivable (Tables)	9 Months Ended
Loans Receivable (Tables)	Sep. 30, 2021
Loans Receivable
Summary of loans and leases outstanding	September 30, December 31, (dollars in thousands) 2021 2020 Mortgage loans held for sale $ 117,996 229,199 Real estate loans: Commercial mortgage 542,473 485,103 Home equity lines and loans 52,819 64,987 Residential mortgage (1) 59,295 52,454 Construction 162,192 140,246 Total real estate loans 816,779 742,790 Commercial and industrial 278,976 261,750 Small business loans 90,477 49,542 Paycheck Protection Program loans ("PPP") 118,585 203,543 Main Street Lending Program Loans ("MSLP") 592 580 Consumer 427 511 Leases, net 73,993 31,040 Total portfolio loans and leases 1,379,829 1,289,756 Total loans and leases $ 1,497,825 1,518,955 Loans with predetermined rates $ 542,289 658,458 Loans with adjustable or floating rates 955,536 860,497 Total loans and leases $ 1,497,825 1,518,955 Net deferred loan origination (fees) costs $ (1,159) (4,992) (1) Includes $17,142 and $12,182 of loans at fair value as of September 30, 2021 and December 31, 2020, respectively.
Schedule of components of the net investment in leases	September 30, December 31, (dollars in thousands) 2021 2020 Minimum lease payments receivable $ 89,051 37,919 Unearned lease income (15,058) (6,879) Total $ 73,993 31,040
Schedule of age analysis of past due loans and leases	Total 90+ days Accruing Nonaccrual Total loans September 30, 2021 30-89 days past due and Total past Loans and loans and portfolio Delinquency (dollars in thousands) past due still accruing due Current leases leases and leases percentage Commercial mortgage $ — — — 542,473 542,473 — 542,473 — % Home equity lines and loans 65 — 65 51,844 51,909 910 52,819 1.85 Residential mortgage (1) 143 — 143 56,874 57,017 2,278 59,295 4.08 Construction — — — 162,192 162,192 — 162,192 — Commercial and industrial 770 — 770 273,117 273,887 5,089 278,976 2.10 Small business loans — — — 89,561 89,561 916 90,477 1.01 Paycheck Protection Program loans 2,422 — 2,422 116,163 118,585 — 118,585 2.04 Main Street Lending Program loans — — — 592 592 — 592 — Consumer — — — 427 427 — 427 — Leases, net 263 — 263 73,730 73,993 — 73,993 0.36 Total $ 3,663 — 3,663 1,366,973 1,370,636 9,193 1,379,829 0.93 % (1) Includes $17,142 of loans at fair value as of September 30, 2021 ($16,523 are current, $143 are 30-89 days past due, and $475 are nonaccrual). Total 90+ days Accruing Nonaccrual Total loans December 31, 2020 30-89 days past due and Total past Loans and loans and portfolio Delinquency (dollars in thousands) past due still accruing due Current leases leases and leases percentage Commercial mortgage $ — — — 482,042 482,042 3,061 485,103 0.63 % Home equity lines and loans — — — 64,128 64,128 859 64,987 1.32 Residential mortgage (1) 3,595 — 3,595 46,134 49,729 2,725 52,454 12.05 Construction — — — 140,246 140,246 — 140,246 — Commercial and industrial — — — 260,465 260,465 1,285 261,750 0.49 Small business loans — — — 49,542 49,542 — 49,542 — Paycheck Protection Program loans — — — 203,543 203,543 — 203,543 — Main Street Lending Program loans — — — 580 580 — 580 — Consumer — — — 511 511 — 511 — Leases, net 109 — 109 30,931 31,040 — 31,040 0.35 Total $ 3,704 — 3,704 1,278,122 1,281,826 7,930 1,289,756 0.90 % (1) Includes $12,182 of loans at fair value as of December 31, 2020 ($10,314 are current, $958 are 30-89 days past due and $910 are nonaccrual).

Allowance for Loan Losses (th_2

Allowance for Loan Losses (the Allowance) (Tables)	9 Months Ended
Allowance for Loan Losses (the Allowance) (Tables)	Sep. 30, 2021
Allowance for Loan Losses (the Allowance)
Roll-forward of allowance for loan and lease losses by portfolio segment	Balance, Balance, (dollars in thousands) June 30, 2021 Charge-offs Recoveries Provision September 30, 2021 Commercial mortgage $ 7,146 — — (604) 6,542 Home equity lines and loans 281 — 1 (9) 273 Residential mortgage 324 — 1 (49) 276 Construction 2,241 — — 44 2,285 Commercial and industrial 5,360 — 15 239 5,614 Small business loans 2,235 — — 864 3,099 Consumer 4 — 1 (2) 3 Leases 770 — — 114 884 Total $ 18,361 — 18 597 18,976 Balance, Balance, (dollars in thousands) December 31, 2020 Charge-offs Recoveries Provision September 30, 2021 Commercial mortgage $ 7,451 — — (909) 6,542 Home equity lines and loans 434 — 5 (166) 273 Residential mortgage 385 — 5 (114) 276 Construction 2,421 — — (136) 2,285 Commercial and industrial 5,431 — 33 150 5,614 Small business loans 1,259 — — 1,840 3,099 Consumer 4 — 3 (4) 3 Leases 382 (129) — 631 884 Total $ 17,767 (129) 46 1,292 18,976 Balance, Balance, (dollars in thousands) June 30, 2020 Charge-offs Recoveries Provision September 30, 2020 Commercial mortgage $ 5,277 — — 1,658 6,935 Home equity lines and loans 672 (75) 2 (82) 517 Residential mortgage 346 — 1 (13) 334 Construction 2,019 — — 463 2,482 Commercial and industrial 3,606 (22) 4 1,450 5,038 Small business loans 747 — — 360 1,107 Consumer 4 — 1 (1) 4 Leases 35 — — 121 156 Total $ 12,706 (97) 8 3,956 16,573 Balance, Balance, (dollars in thousands) December 31, 2019 Charge-offs Recoveries Provision September 30, 2020 Commercial mortgage $ 3,426 — — 3,509 6,935 Home equity lines and loans 342 (89) 6 258 517 Residential mortgage 179 — 5 150 334 Construction 2,362 — — 120 2,482 Commercial and industrial 2,684 (31) 37 2,348 5,038 Small business loans 509 — — 598 1,107 Consumer 6 (10) 3 5 4 Leases 5 — — 151 156 Total $ 9,513 (130) 51 7,139 16,573
Schedule of allocation of the allowance for loan and lease losses	Allowance on loans and leases Carrying value of loans and leases Individually Collectively Individually Collectively September 30, 2021 evaluated evaluated evaluated evaluated (dollars in thousands) for impairment for impairment Total for impairment for impairment Total Commercial mortgage $ — 6,542 6,542 $ 2,568 539,905 542,473 Home equity lines and loans 2 271 273 910 51,909 52,819 Residential mortgage 12 264 276 1,802 40,351 42,153 Construction — 2,285 2,285 1,206 160,986 162,192 Commercial and industrial 1,526 4,088 5,614 3,651 275,325 278,976 Small business loans 376 2,723 3,099 1,057 89,420 90,477 Paycheck Protection Program loans — — — — 118,585 118,585 (2) Main Street Lending Program — — — — 592 592 (2) Consumer — 3 3 — 427 427 Leases, net — 884 884 — 73,993 73,993 Total $ 1,916 17,060 18,976 $ 11,194 1,351,493 1,362,687 (1) Allowance on loans and leases Carrying value of loans and leases Individually Collectively Individually Collectively December 31, 2020 evaluated evaluated evaluated evaluated (dollars in thousands) for impairment for impairment Total for impairment for impairment Total Commercial mortgage $ — 7,451 7,451 $ 1,606 483,497 485,103 Home equity lines and loans 9 425 434 921 64,066 64,987 Residential mortgage 73 312 385 1,817 38,455 40,272 Construction — 2,421 2,421 1,206 139,040 140,246 Commercial and industrial 1,563 3,868 5,431 4,645 257,105 261,750 Small business loans — 1,259 1,259 185 49,357 49,542 Paycheck Protection Program loans — — — — 203,543 203,543 (2) Main Street Lending Program — — — — 580 580 (2) Consumer — 4 4 — 511 511 Leases, net — 382 382 — 31,040 31,040 Total $ 1,645 16,122 17,767 $ 10,380 1,267,194 1,277,574 (1) (1) Excludes deferred fees and loans carried at fair value. (2) PPP and MSLP loans are not reserved against as they are 100% guaranteed.
Schedule of carrying value of loans and leases by portfolio segment based on the credit quality indicators	September 30, 2021 Special (dollars in thousands) Pass mention Substandard Doubtful Total Commercial mortgage $ 505,355 31,464 5,654 — 542,473 Home equity lines and loans 51,427 — 1,392 — 52,819 Construction 153,200 8,992 — — 162,192 Commercial and industrial 222,041 35,756 21,179 — 278,976 Small business loans 87,161 — 3,316 — 90,477 Paycheck Protection Program loans 118,585 — — — 118,585 Main Street Lending Program loans 592 — — — 592 Total $ 1,138,361 76,212 31,541 — 1,246,114 December 31, 2020 Special (dollars in thousands) Pass mention Substandard Doubtful Total Commercial mortgage $ 449,545 32,059 3,499 — 485,103 Home equity lines and loans 63,923 — 1,064 — 64,987 Construction 132,286 7,960 — — 140,246 Commercial and industrial 227,349 21,721 9,000 3,680 261,750 Small business loans 46,789 — 2,753 — 49,542 Paycheck Protection Program loans 203,543 — — — 203,543 Main Street Lending Program loans 580 — — — 580 Total $ 1,124,015 61,740 16,316 3,680 1,205,751
Schedule of allocations based on the credit quality indicators	September 30, 2021 December 31, 2020 (dollars in thousands) Performing Nonperforming Total Performing Nonperforming Total Residential mortgage $ 40,351 1,802 42,153 $ 38,457 1,815 40,272 Consumer 427 — 427 511 — 511 Leases, net 73,993 — 73,993 31,040 — 31,040 Total $ 114,771 1,802 116,573 $ 70,008 1,815 71,823
Schedule of recorded investment and principal balance of impaired loans	As of September 30, 2021 As of December 31, 2020 Recorded Principal Related Recorded Principal Related (dollars in thousands) investment balance allowance investment balance allowance Impaired loans with related allowance: Commercial and industrial $ 3,201 3,321 1,526 3,860 3,902 1,563 Small business loans 916 916 376 — — — Home equity lines and loans 88 102 2 95 105 9 Residential mortgage 169 169 12 689 689 73 Total $ 4,374 4,508 1,916 4,644 4,696 1,645 Impaired loans without related allowance: Commercial mortgage $ 2,568 2,568 — 1,606 1,642 — Commercial and industrial 450 515 — 785 862 — Small business loans 141 141 — 185 185 — Home equity lines and loans 822 836 — 826 839 — Residential mortgage 1,633 1,633 — 1,128 1,128 — Construction 1,206 1,206 — 1,206 1,206 — Total 6,820 6,899 — 5,736 5,862 — Grand Total $ 11,194 11,407 1,916 10,380 10,558 1,645
Schedule of average recorded investment on impaired loans	Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Average Interest Average Interest recorded Income recorded Income (dollars in thousands) investment Recognized investment Recognized Impaired loans with related allowance: Commercial and industrial $ 3,242 5 3,907 26 Small business loans 916 — — — Home equity lines and loans 89 — 100 — Residential mortgage 169 — — — Total $ 4,416 5 4,007 26 Impaired loans without related allowance: Commercial mortgage $ 2,573 8 2,080 47 Commercial and industrial 473 19 874 6 Small business loans 147 3 208 5 Home equity lines and loans 823 — 564 — Residential mortgage 1,636 6 1,649 41 Construction 1,206 17 1,206 14 Total $ 6,858 53 6,581 113 Grand Total $ 11,274 58 10,588 139 Nine Months Ended Nine Months Ended September 30, 2021 September 30, 2020 Average Interest Average Interest recorded Income recorded Income (dollars in thousands) investment Recognized investment Recognized Impaired loans with related allowance: Commercial and industrial $ 3,306 15 1,766 36 Small business loans 917 — — — Home equity lines and loans 92 — 103 — Residential mortgage 170 — — — Total $ 4,485 15 1,869 36 Impaired loans without related allowance: Commercial mortgage $ 2,584 24 1,852 89 Commercial and industrial 485 19 700 14 Small business loans 161 11 220 16 Home equity lines and loans 824 — 575 — Residential mortgage 1,640 9 1,478 133 Construction 1,206 47 1,209 46 Leases 53 — — — Total $ 6,953 110 6,034 298 Grand Total $ 11,438 125 7,903 334
Schedule of TDRs	September 30, December 31, (dollars in thousands) 2021 2020 TDRs included in nonperforming loans and leases $ 367 244 TDRs in compliance with modified terms 2,476 3,362 Total TDRs $ 2,843 3,606

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt (Tables)	9 Months Ended
Short-Term Borrowings and Long-Term Debt (Tables)	Sep. 30, 2021
Short-Term Borrowings and Long-Term Debt
Schedule of short term borrowings	Balance as of Maturity Interest September 30, December 31, (dollars in thousands) date rate 2021 2020 Open Repo Plus Weekly 05/31/2022 0.33 % — 60,416 Federal Reserve Discount Window 03/31/2021 0.25 — 10,000 Mid-term Repo-fixed 01/13/2021 0.36 — 4,605 Mid-term Repo-fixed 06/10/2021 0.10 — 6,376 Mid-term Repo-fixed 09/10/2021 0.11 — 10,000 Mid-term Repo-fixed 12/10/2021 0.16 10,000 10,000 Mid-term Repo-fixed 01/27/2021 0.23 — 5,465 Mid-term Repo-fixed 06/29/2022 0.32 7,392 — Mid-term Repo-fixed 09/12/2022 0.23 4,886 — Total $ 22,278 106,862
Schedule of long term debt	Balance as of Maturity Interest September 30, December 31, (dollars in thousands) date rate 2021 2020 PPPLF Advances 2022 0.35 % — 153,269 PPPLF Advances 2026 0.35 $ 78,405 — Mid-term Repo-fixed 06/29/2022 0.32 — 7,392 Mid-term Repo-fixed 09/12/2022 0.23 — 4,885 Total ` $ 78,405 165,546

Servicing Assets (Tables)

Servicing Assets (Tables)	9 Months Ended
Servicing Assets (Tables)	Sep. 30, 2021
Mortgage Servicing Rights
Servicing Assets at Fair Value [Line Items]
Schedule of servicing assets	Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Balance at beginning of the period $ 8,942 1,294 $ 4,647 446 Servicing rights capitalized 1,360 1,333 5,856 2,469 Amortization of servicing rights (316) (90) (786) (173) Change in valuation allowance 111 102 380 (103) Balance at end of the period $ 10,097 2,639 $ 10,097 2,639
Schedule of valuation allowance for servicing assets	Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Valuation allowance, beginning of period $ (166) (303) $ (435) (98) Impairment — — — (103) Recovery 111 102 380 — Valuation allowance, end of period $ (55) (201) $ (55) (201)
Schedule of sensitivity of fair value of servicing assets	(dollars in thousands) September 30, 2021 December 31, 2020 Fair value of residential mortgage servicing rights $ 10,296 $ 4,647 Weighted average life (years) 9.0 5.0 Prepayment speed 7.26% 9.39% Impact on fair value: 10% adverse change $ (358) $ (183) 20% adverse change (695) (354) Discount rate 9.00% 9.00% Impact on fair value: 10% adverse change $ (397) $ (168) 20% adverse change (768) (329)
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Schedule of servicing assets	Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Balance at beginning of the period $ 1,385 632 $ 970 337 Servicing rights capitalized 588 183 1,166 524 Amortization of servicing rights (112) (42) (266) (88) Change in valuation allowance (26) 14 (35) 14 Balance at end of the period $ 1,835 787 $ 1,835 787
Schedule of valuation allowance for servicing assets	Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Valuation allowance, beginning of period $ (48) (26) $ (39) (26) Impairment (26) — (35) — Recovery — 14 — 14 Valuation allowance, end of period $ (74) (12) $ (74) (12)
Schedule of sensitivity of fair value of servicing assets	(dollars in thousands) September 30, 2021 December 31, 2020 Fair value of SBA loan servicing rights $ 1,954 $ 1,010 Weighted average life (years) 3.8 3.7 Prepayment speed 12.91% 12.73% Impact on fair value: 10% adverse change $ (77) $ (37) 20% adverse change (148) (71) Discount rate 7.47% 8.33% Impact on fair value: 10% adverse change $ (53) $ (25) 20% adverse change (103) (49)

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	9 Months Ended
Fair Value Measurements and Disclosures (Tables)	Sep. 30, 2021
Fair Value Measurements and Disclosures
Schedule of financial assets measured at fair value on a recurring basis	September 30, 2021 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 21,293 — 21,293 — U.S. government agency mortgage-backed securities 5,459 — 5,459 — U.S. government agency collateralized mortgage obligations 24,053 — 24,053 — State and municipal securities 72,828 — 72,828 — U.S. Treasuries 15,010 — 15,010 — Non-U.S. government agency collateralized mortgage obligations 999 — 999 — Corporate bonds 6,507 — 6,507 — Equity investments 1,011 — 1,011 — Mortgage loans held for sale 117,996 — 117,996 — Mortgage loans held for investment 17,142 — 17,142 — Interest rate lock commitments 1,712 — — 1,712 Forward commitments 447 — 447 — Customer derivatives - interest rate swaps 1,052 — 1,052 — Total $ 285,509 — 283,797 1,712 Liabilities Interest rate lock commitments 360 — — 360 Forward commitments 22 — 22 — Customer derivatives - interest rate swaps 1,101 — 1,101 — $ 1,483 — 1,123 360 December 31, 2020 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 25,592 — 25,592 — U.S. government agency mortgage-backed securities 4,046 — 4,046 — U.S. government agency collateralized mortgage obligations 23,909 — 23,909 — State and municipal securities 65,810 — 65,810 — Corporate bonds 4,205 — 4,205 — Equity investments 1,031 — 1,031 — Mortgage loans held for sale 229,199 — 229,199 — Mortgage loans held for investment 12,182 — 12,182 — Interest rate lock commitments 6,932 — — 6,932 Forward commitments — — — — Customer derivatives - interest rate swaps 1,118 — 1,118 — Total $ 374,024 — 367,092 6,932 Liabilities Interest rate lock commitments 100 — — 100 Forward commitments 1,572 — 1,572 — Customer derivatives - interest rate swaps 1,219 — 1,219 — $ 2,891 — 2,791 100
Schedule of financial assets measured at fair value on non-recurring basis	September 30, 2021 December 31, 2020 (dollars in thousands) Fair Value Fair Value Mortgage servicing rights $ 10,097 4,647 SBA loan servicing rights 1,835 970 Impaired loans (1) 2,458 2,998 Total $ 14,390 8,615 (1) Impaired loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values.
Schedule of estimated fair values of financial instruments	September 30, 2021 December 31, 2020 Fair Value Carrying Carrying (dollars in thousands) Hierarchy Level amount Fair value amount Fair value Financial assets: Cash and cash equivalents Level 1 $ 63,121 63,121 36,744 36,744 Securities available-for-sale Level 2 146,149 146,149 123,562 123,562 Securities held-to-maturity Level 2 6,406 6,660 6,510 6,857 Equity investments Level 2 1,011 1,011 1,031 1,031 Mortgage loans held for sale Level 2 117,996 117,996 229,199 229,199 Loans receivable, net of the allowance for loan and lease losses Level 3 1,361,528 1,391,260 1,272,582 1,289,776 Mortgage loans held for investment Level 2 17,142 17,142 12,182 12,182 Interest rate lock commitments Level 3 1,712 1,712 6,932 6,932 Forward commitments Level 2 447 447 — — Restricted investment in bank stock NA 4,162 NA 7,861 NA Accrued interest receivable Level 3 5,080 5,080 5,482 5,482 Customer derivatives - interest rate swaps Level 2 1,052 1,052 1,118 1,118 Financial liabilities: Deposits Level 2 1,439,047 1,552,500 1,241,335 1,392,500 Short-term borrowings Level 2 22,278 22,278 106,862 106,862 Long-term debt Level 2 78,405 79,373 165,546 168,000 Subordinated debentures Level 2 40,760 41,859 40,671 38,375 Accrued interest payable Level 2 663 663 1,154 1,154 Interest rate lock commitments Level 3 360 360 100 100 Forward commitments Level 2 22 22 1,572 1,572 Customer derivatives - interest rate swaps Level 2 1,101 1,101 1,219 1,219 Notional Notional Off-balance sheet financial instruments: amount Fair value amount Fair value Commitments to extend credit Level 2 $ 505,018 1,712 421,399 6,932 Letters of credit Level 2 17,711 — 8,928 —
Schedule of level 3 inputs reconciliation	Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance at beginning of the period $ 2,667 4,595 $ 6,932 504 (Decrease) increase in value (955) 3,203 (5,220) 7,294 Balance at end of the period $ 1,712 7,798 $ 1,712 7,798
Schedule of measurement inputs	Significant Fair Value Unobservable Range of Weighted Level 3 Valuation Technique Input Inputs Average September 30, 2021 $ 1,712 Market comparable pricing Pull through 1 - 99 % 87.26 % December 31, 2020 6,932 Market comparable pricing Pull through 1 - 99 83.08

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
Derivative Financial Instruments (Tables)	Sep. 30, 2021
Derivative Financial Instruments
Summary of the notional amounts and fair values of derivative financial instruments	September 30, 2021 December 31, 2020 (dollars in thousands) Balance Sheet Line Item Notional Asset Notional Asset Interest Rate Lock Commitments Positive fair values Other assets $ 159,507 1,712 406,422 6,932 Negative fair values Other liabilities 58,039 (360) 22,406 (100) Total 217,546 1,352 428,828 6,832 Forward Commitments Positive fair values Other assets 86,000 447 — — Negative fair values Other liabilities 11,500 (22) 218,000 (1,572) Total 97,500 425 218,000 (1,572) Customer Derivatives - Interest Rate Swaps Positive fair values Other assets 35,790 1,052 20,979 1,118 Negative fair values Other liabilities 35,790 (1,101) 20,979 (1,219) Total 71,580 (49) 41,958 (101) Total derivative financial instruments $ 386,626 1,728 688,786 5,159
Summary of the fair value gains and losses on derivative financial instruments	Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2021 2020 2021 2020 Interest Rate Lock Commitments $ (1,056) 3,161 $ (5,480) 7,226 Forward Commitments 703 (129) 1,997 (801) Customer Derivatives - Interest Rate Swaps 14 (4) 52 (79) Net fair value (losses) gains on derivative financial instruments $ (339) 3,028 $ (3,431) 6,346

Segment (Tables)

Segment (Tables)	9 Months Ended
Segment (Tables)	Sep. 30, 2021
Segments
Schedule of business segment financial information	Segment Information Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 15,777 2 478 16,257 $ 12,104 (19) 630 12,715 Provision for loan losses 597 — — 597 3,956 — — 3,956 Net interest income after provision 15,180 2 478 15,660 8,148 (19) 630 8,759 Non-interest Income Mortgage banking income 215 — 18,511 18,726 574 — 21,238 21,812 Wealth management income — 1,232 — 1,232 — 951 — 951 SBA income 2,688 — — 2,688 641 — — 641 Net change in fair values 13 — (847) (834) (4) — 6,057 6,053 Net loss on hedging activity — — (1,189) (1,189) — — (2,637) (2,637) Other 836 — 663 1,499 2,045 — 195 2,240 Non-interest income 3,752 1,232 17,138 22,122 3,256 951 24,853 29,060 Non-interest expense 10,633 802 14,046 25,481 8,829 788 16,217 25,834 Income before income taxes $ 8,299 432 3,570 12,301 $ 2,575 144 9,266 11,985 Total Assets $ 1,625,468 6,396 130,581 1,762,445 $ 1,525,883 5,399 227,366 1,758,648 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 45,340 (249) 1,698 46,789 $ 32,725 (24) 1,277 33,978 Provision for loan losses 1,292 — — 1,292 7,139 — — 7,139 Net interest income after provision 44,048 (249) 1,698 45,497 25,586 (24) 1,277 26,839 Non-interest Income Mortgage banking income 892 — 61,401 62,293 973 — 44,422 45,395 Wealth management income — 3,531 — 3,531 — 2,825 — 2,825 SBA income 5,423 — — 5,423 1,821 — — 1,821 Net change in fair values 52 — (6,671) (6,619) (68) — 11,012 10,944 Net gain (loss) on hedging activity — — 2,397 2,397 — — (7,363) (7,363) Other 2,110 — 1,767 3,877 2,931 14 405 3,350 Non-interest income 8,477 3,531 58,894 70,902 5,657 2,839 48,476 56,972 Non-interest expense 28,981 2,486 48,523 79,990 23,341 2,363 35,448 61,152 Income before income taxes $ 23,544 796 12,069 36,409 $ 7,902 452 14,305 22,659 Total Assets $ 1,625,468 6,396 130,581 1,762,445 $ 1,525,883 5,399 227,366 1,758,648

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
Stockholders' Equity (Tables)	Sep. 30, 2021
Stockholders' equity:
Schedule of dividend activity	During the nine months ended September 30, 2021 the Corporation had the following dividend activity: Date Date of Date Quarterly Special Declared Record Paid Dividend Dividend January 28, 2021 February 8, 2021 February 22, 2021 $ 0.125 $ — February 16, 2021 March 1, 2021 March 15, 2021 — 1.00 April 22, 2021 May 10, 2021 May 17, 2021 0.125 — July 22, 2021 August 9, 2021 August 16, 2021 0.125 —

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net income available to common stockholders	$ 9,438	$ 9,212	$ 27,866	$ 17,441
Denominator for basic earnings per share - weighted average shares outstanding	6,157	6,099	6,148	6,172
Average unearned ESOP shares	(112)		(115)
Basic weighted averages shares outstanding	6,045	6,099	6,033	6,172
Effect of dilutive common shares	186	11	168	21
Denominator for diluted earnings per share - adjusted weighted average shares outstanding	6,231	6,110	6,201	6,193
Basic earnings per share (in dollars per share)	$ 1.56	$ 1.51	$ 4.62	$ 2.83
Diluted earnings per share (in dollars per share)	$ 1.52	$ 1.51	$ 4.49	$ 2.82
Antidilutive shares excluded from computation of average dilutive earnings per share	140	265	140	192

Securities - Amortized cost and

Securities - Amortized cost and fair value (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)security	Dec. 31, 2020USD ($)security
Securities available-for-sale:
Amortized Cost	$ 145,129	$ 120,215
Gross unrealized gains	1,772	3,504
Gross unrealized losses	(752)	(157)
Fair value	146,149	123,562
Securities held to maturity:
Held-to-maturity, Amortized Cost	6,406	6,510
Held-to-maturity, Gross Unrealized Gains	254	347
Fair Value	$ 6,660	$ 6,857
Number of securities in unrealized loss positions \| security	51	14
Number of securities deemed other-than-temporarily impaired \| security	0
Securities pledged as collateral fair value	$ 63,600	$ 55,900
U.S. asset backed securities
Securities available-for-sale:
Amortized Cost	21,120	25,303
Gross unrealized gains	199	364
Gross unrealized losses	(26)	(75)
Fair value	$ 21,293	$ 25,592
Securities held to maturity:
Number of securities in unrealized loss positions \| security	4	8
U.S. government agency mortgage-backed securities
Securities available-for-sale:
Amortized Cost	$ 5,351	$ 3,854
Gross unrealized gains	137	192
Gross unrealized losses	(29)
Fair value	$ 5,459	4,046
Securities held to maturity:
Number of securities in unrealized loss positions \| security	1
U.S. government agency collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	$ 23,712	23,010
Gross unrealized gains	483	916
Gross unrealized losses	(142)	(17)
Fair value	$ 24,053	$ 23,909
Securities held to maturity:
Number of securities in unrealized loss positions \| security	7	1
State and municipal securities
Securities available-for-sale:
Amortized Cost	$ 72,415	$ 63,848
Gross unrealized gains	874	2,025
Gross unrealized losses	(461)	(63)
Fair value	72,828	65,810
Securities held to maturity:
Held-to-maturity, Amortized Cost	6,406	6,510
Held-to-maturity, Gross Unrealized Gains	254	347
Fair Value	$ 6,660	$ 6,857
Number of securities in unrealized loss positions \| security	23	3
U.S. Treasuries
Securities available-for-sale:
Amortized Cost	$ 15,082
Gross unrealized gains	6
Gross unrealized losses	(78)
Fair value	$ 15,010
Securities held to maturity:
Number of securities in unrealized loss positions \| security	11
Non-U.S. government agencies collateralized mortgage obligations
Securities available-for-sale:
Amortized Cost	$ 999
Fair value	$ 999
Securities held to maturity:
Number of securities in unrealized loss positions \| security	1
Corporate bonds
Securities available-for-sale:
Amortized Cost	$ 6,450	$ 4,200
Gross unrealized gains	73	7
Gross unrealized losses	(16)	(2)
Fair value	$ 6,507	$ 4,205
Securities held to maturity:
Number of securities in unrealized loss positions \| security	4	2

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Securities
Proceeds from the sale of available for sale investments	$ 7,300,000	$ 26,400,000	$ 20,855,000	$ 44,592,000
Gross gain on sale of available for sale investments	314,000	1,300,000	562,000	1,500,000
Gross loss on sale of available for sale investments	0	$ 0	200,000	$ 202,000,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Less than 12 Months	62,188,000		62,188,000		$ 10,529,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, 12 Months or Longer	1,007,000		1,007,000		7,443,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	63,195,000		63,195,000		17,972,000
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Less than 12 Months	(732,000)		(732,000)		(86,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, 12 Months or Longer	(20,000)		(20,000)		(71,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	(752,000)		(752,000)		(157,000)
U.S. asset backed securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Less than 12 Months	4,158,000		4,158,000		2,884,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, 12 Months or Longer					7,443,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	4,158,000		4,158,000		10,327,000
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Less than 12 Months	(26,000)		(26,000)		(4,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, 12 Months or Longer					(71,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	(26,000)		(26,000)		(75,000)
U.S. government agency mortgage-backed securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Less than 12 Months	1,614,000		1,614,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	1,614,000		1,614,000
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Less than 12 Months	(29,000)		(29,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	(29,000)		(29,000)
U.S. government agency collateralized mortgage obligations
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Less than 12 Months	7,315,000		7,315,000		2,284,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	7,315,000		7,315,000		2,284,000
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Less than 12 Months	(142,000)		(142,000)		(17,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	(142,000)		(142,000)		(17,000)
State and municipal securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Less than 12 Months	34,808,000		34,808,000		4,163,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, 12 Months or Longer	568,000		568,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	35,376,000		35,376,000		4,163,000
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Less than 12 Months	(451,000)		(451,000)		(63,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, 12 Months or Longer	(10,000)		(10,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	(461,000)		(461,000)		(63,000)
U.S. Treasuries
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Less than 12 Months	12,049,000		12,049,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	12,049,000		12,049,000
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Less than 12 Months	(78,000)		(78,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	(78,000)		(78,000)
Corporate bonds
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Less than 12 Months	2,244,000		2,244,000		1,198,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, 12 Months or Longer	439,000		439,000
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	2,683,000		2,683,000		1,198,000
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Less than 12 Months	(6,000)		(6,000)		(2,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, 12 Months or Longer	(10,000)		(10,000)
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	$ (16,000)		$ (16,000)		$ (2,000)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Contractual Maturities, Available-for-sale, Amortized Cost
Amortized Cost	$ 145,129	$ 120,215
Contractual Maturities, Available-for-sale, Fair Value
Fair Value	146,149	123,562
Contractual Maturities, Held-to-maturity, Amortized Cost
Amortized Cost	6,406	6,510
Contractual Maturities, Held-to-maturity, Fair Value
Fair Value	6,660	6,857
U.S. Asset Backed And State And Municipal Securities
Contractual Maturities, Available-for-sale, Amortized Cost
Due after five years through ten years	28,999	12,035
Due after ten years	86,068	81,316
Amortized Cost	115,067	93,351
Contractual Maturities, Available-for-sale, Fair Value
Due after five years through ten year	29,010	12,095
Due after ten years	86,628	83,512
Fair Value	115,638	95,607
Contractual Maturities, Held-to-maturity, Amortized Cost
Due after one year through five years	3,133	3,181
Due after five years through ten years	3,273	3,329
Amortized Cost	6,406	6,510
Contractual Maturities, Held-to-maturity, Fair Value
Due after one year through five years	3,197	3,288
Due after five years through ten years	3,463	3,569
Fair Value	6,660	6,857
Mortgage-related securities
Contractual Maturities, Available-for-sale, Amortized Cost
Amortized Cost	30,062	26,864
Contractual Maturities, Available-for-sale, Fair Value
Fair Value	$ 30,511	$ 27,955

Loans Receivable - Loans and le

Loans Receivable - Loans and leases outstanding by category (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Loans Receivable
Mortgage loans held for sale	$ 117,996	$ 229,199
Total portfolio loans and leases	1,379,829	1,289,756
Total loans and leases	1,497,825	1,518,955
Loans at fair value	17,142	12,182
Mortgage loans held-for-investment	17,142	12,182
Real estate loans
Loans Receivable
Total portfolio loans and leases	816,779	742,790
Commercial mortgage
Loans Receivable
Total portfolio loans and leases	542,473	485,103
Home equity lines and loans
Loans Receivable
Total portfolio loans and leases	52,819	64,987
Residential mortgage
Loans Receivable
Total portfolio loans and leases	59,295	52,454
Loans at fair value	17,142	12,182
Mortgage loans held-for-investment	17,142	12,182
Construction
Loans Receivable
Total portfolio loans and leases	162,192	140,246
Commercial and industrial
Loans Receivable
Total portfolio loans and leases	278,976	261,750
Small business loans
Loans Receivable
Total portfolio loans and leases	90,477	49,542
Paycheck Protection Program loans ("PPP")
Loans Receivable
Total portfolio loans and leases	118,585	203,543
MainStreet Lending Program Loans ("PPP")
Loans Receivable
Total portfolio loans and leases	592	580
Consumer
Loans Receivable
Total portfolio loans and leases	427	511
Leases, net
Loans Receivable
Total portfolio loans and leases	$ 73,993	$ 31,040

Loans Receivable - Loans and _2

Loans Receivable - Loans and leases outstanding by rate type (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Loans Receivable
Loans with predetermined rates	$ 542,289	$ 658,458
Loans with adjustable or floating rates	955,536	860,497
Total loans and leases	1,497,825	1,518,955
Net deferred loan origination (fees) costs	$ (1,159)	$ (4,992)

Loans Receivable - Components o

Loans Receivable - Components of the net investment in leases (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Loans Receivable
Minimum lease payments receivable	$ 89,051	$ 37,919
Unearned income	(15,058)	(6,879)
Total	$ 73,993	$ 31,040

Loans Receivable - Age analysis

Loans Receivable - Age analysis of past due loans and leases (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Age Analysis of Past Due Loans and Leases
Total past due	$ 3,663	$ 3,704
Total Accruing Loans and leases	1,370,636	1,281,826
Nonaccrual loans and leases	9,193	7,930
Loans and Leases Receivable, Gross, Total	$ 1,379,829	$ 1,289,756
Delinquency percentage	0.93%	0.90%
Loans at fair value	$ 17,142	$ 12,182
Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total Accruing Loans and leases	542,473	482,042
Nonaccrual loans and leases		3,061
Loans and Leases Receivable, Gross, Total	542,473	$ 485,103
Delinquency percentage		0.63%
Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total past due	65
Total Accruing Loans and leases	51,909	$ 64,128
Nonaccrual loans and leases	910	859
Loans and Leases Receivable, Gross, Total	$ 52,819	$ 64,987
Delinquency percentage	1.85%	1.32%
Residential mortgage
Age Analysis of Past Due Loans and Leases
Total past due	$ 143	$ 3,595
Total Accruing Loans and leases	57,017	49,729
Nonaccrual loans and leases	2,278	2,725
Loans and Leases Receivable, Gross, Total	$ 59,295	$ 52,454
Delinquency percentage	4.08%	12.05%
Loans at fair value	$ 17,142	$ 12,182
Construction
Age Analysis of Past Due Loans and Leases
Total Accruing Loans and leases	162,192	140,246
Loans and Leases Receivable, Gross, Total	162,192	140,246
Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total past due	770
Total Accruing Loans and leases	273,887	260,465
Nonaccrual loans and leases	5,089	1,285
Loans and Leases Receivable, Gross, Total	$ 278,976	$ 261,750
Delinquency percentage	2.10%	0.49%
Small business loans
Age Analysis of Past Due Loans and Leases
Total Accruing Loans and leases	$ 89,561	$ 49,542
Nonaccrual loans and leases	916
Loans and Leases Receivable, Gross, Total	$ 90,477	49,542
Delinquency percentage	1.01%
Paycheck Protection Program loans ("PPP")
Age Analysis of Past Due Loans and Leases
Total past due	$ 2,422
Total Accruing Loans and leases	118,585	203,543
Loans and Leases Receivable, Gross, Total	$ 118,585	203,543
Delinquency percentage	2.04%
MainStreet Lending Program Loans ("PPP")
Age Analysis of Past Due Loans and Leases
Total Accruing Loans and leases	$ 592	580
Loans and Leases Receivable, Gross, Total	592	580
Consumer
Age Analysis of Past Due Loans and Leases
Total Accruing Loans and leases	427	511
Loans and Leases Receivable, Gross, Total	427	511
Leases, net
Age Analysis of Past Due Loans and Leases
Total past due	263	109
Total Accruing Loans and leases	73,993	31,040
Loans and Leases Receivable, Gross, Total	$ 73,993	$ 31,040
Delinquency percentage	0.36%	0.35%
30-89 days past due
Age Analysis of Past Due Loans and Leases
Total past due	$ 3,663	$ 3,704
30-89 days past due \| Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total past due	65
30-89 days past due \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Total past due	143	3,595
Loans at fair value	143	958
30-89 days past due \| Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total past due	770
30-89 days past due \| Paycheck Protection Program loans ("PPP")
Age Analysis of Past Due Loans and Leases
Total past due	2,422
30-89 days past due \| Leases, net
Age Analysis of Past Due Loans and Leases
Total past due	263	109
Current
Age Analysis of Past Due Loans and Leases
Total past due	1,366,973	1,278,122
Current \| Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total past due	542,473	482,042
Current \| Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total past due	51,844	64,128
Current \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Total past due	56,874	46,134
Loans at fair value	16,523	10,314
Current \| Construction
Age Analysis of Past Due Loans and Leases
Total past due	162,192	140,246
Current \| Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total past due	273,117	260,465
Current \| Small business loans
Age Analysis of Past Due Loans and Leases
Total past due	89,561	49,542
Current \| Paycheck Protection Program loans ("PPP")
Age Analysis of Past Due Loans and Leases
Total past due	116,163	203,543
Current \| MainStreet Lending Program Loans ("PPP")
Age Analysis of Past Due Loans and Leases
Total past due	592	580
Current \| Consumer
Age Analysis of Past Due Loans and Leases
Total past due	427	511
Current \| Leases, net
Age Analysis of Past Due Loans and Leases
Total past due	73,730	30,931
Nonaccrual \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Loans at fair value	$ 475	$ 910

Allowance for Loan Losses (th_3

Allowance for Loan Losses (the Allowance) - Roll-forward of allowance by portfolio segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	$ 18,361	$ 12,706	$ 17,767	$ 9,513
Charge-offs		(97)	(129)	(130)
Recoveries	18	8	46	51
Provision	597	3,956	1,292	7,139
Balance at end of period	18,976	16,573	18,976	16,573
Commercial mortgage
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	7,146	5,277	7,451	3,426
Provision	(604)	1,658	(909)	3,509
Balance at end of period	6,542	6,935	6,542	6,935
Home equity lines and loans
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	281	672	434	342
Charge-offs		(75)		(89)
Recoveries	1	2	5	6
Provision	(9)	(82)	(166)	258
Balance at end of period	273	517	273	517
Residential mortgage
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	324	346	385	179
Recoveries	1	1	5	5
Provision	(49)	(13)	(114)	150
Balance at end of period	276	334	276	334
Construction
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	2,241	2,019	2,421	2,362
Provision	44	463	(136)	120
Balance at end of period	2,285	2,482	2,285	2,482
Commercial and industrial
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	5,360	3,606	5,431	2,684
Charge-offs		(22)		(31)
Recoveries	15	4	33	37
Provision	239	1,450	150	2,348
Balance at end of period	5,614	5,038	5,614	5,038
Small business loans
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	2,235	747	1,259	509
Provision	864	360	1,840	598
Balance at end of period	3,099	1,107	3,099	1,107
Consumer
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	4	4	4	6
Charge-offs				(10)
Recoveries	1	1	3	3
Provision	(2)	(1)	(4)	5
Balance at end of period	3	4	3	4
Leases, net
Roll-Forward of Allowance for Loan and Lease Losses by Portfolio Segment
Balance at beginning of period	770	35	382	5
Charge-offs			(129)
Provision	114	121	631	151
Balance at end of period	$ 884	$ 156	$ 884	$ 156

Allowance for Loan Losses (th_4

Allowance for Loan Losses (the Allowance) - Allowance allocated by portfolio segment (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	$ 1,916	$ 1,645
Allowance on loans and leases collectively evaluated for impairment	17,060	16,122
Total	18,976	17,767	$ 18,361	$ 16,573	$ 12,706	$ 9,513
Carrying value of loans and leases individually evaluated for impairment	11,194	10,380
Carrying value of loans and leases collectively evaluated for impairment	1,351,493	1,267,194
Total	1,362,687	1,277,574
Commercial mortgage
Impaired Loans
Allowance on loans and leases collectively evaluated for impairment	6,542	7,451
Total	6,542	7,451	7,146	6,935	5,277	3,426
Carrying value of loans and leases individually evaluated for impairment	2,568	1,606
Carrying value of loans and leases collectively evaluated for impairment	539,905	483,497
Total	542,473	485,103
Home equity lines and loans
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	2	9
Allowance on loans and leases collectively evaluated for impairment	271	425
Total	273	434	281	517	672	342
Carrying value of loans and leases individually evaluated for impairment	910	921
Carrying value of loans and leases collectively evaluated for impairment	51,909	64,066
Total	52,819	64,987
Residential mortgage
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	12	73
Allowance on loans and leases collectively evaluated for impairment	264	312
Total	276	385	324	334	346	179
Carrying value of loans and leases individually evaluated for impairment	1,802	1,817
Carrying value of loans and leases collectively evaluated for impairment	40,351	38,455
Total	42,153	40,272
Construction
Impaired Loans
Allowance on loans and leases collectively evaluated for impairment	2,285	2,421
Total	2,285	2,421	2,241	2,482	2,019	2,362
Carrying value of loans and leases individually evaluated for impairment	1,206	1,206
Carrying value of loans and leases collectively evaluated for impairment	160,986	139,040
Total	162,192	140,246
Commercial and industrial
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	1,526	1,563
Allowance on loans and leases collectively evaluated for impairment	4,088	3,868
Total	5,614	5,431	5,360	5,038	3,606	2,684
Carrying value of loans and leases individually evaluated for impairment	3,651	4,645
Carrying value of loans and leases collectively evaluated for impairment	275,325	257,105
Total	278,976	261,750
Small business loans
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	376
Allowance on loans and leases collectively evaluated for impairment	2,723	1,259
Total	3,099	1,259	2,235	1,107	747	509
Carrying value of loans and leases individually evaluated for impairment	1,057	185
Carrying value of loans and leases collectively evaluated for impairment	89,420	49,357
Total	90,477	49,542
Paycheck Protection Program loans ("PPP")
Impaired Loans
Carrying value of loans and leases collectively evaluated for impairment	118,585	203,543
Total	118,585	203,543
MainStreet Lending Program Loans ("PPP")
Impaired Loans
Carrying value of loans and leases collectively evaluated for impairment	592	580
Total	$ 592	$ 580
Paycheck Protection Program And Main Street Lending Program Loans
Impaired Loans
Percentage Guaranteed	100.00%	100.00%
Consumer
Impaired Loans
Allowance on loans and leases collectively evaluated for impairment	$ 3	$ 4
Total	3	4	4	4	4	6
Carrying value of loans and leases collectively evaluated for impairment	427	511
Total	427	511
Leases, net
Impaired Loans
Allowance on loans and leases collectively evaluated for impairment	884	382
Total	884	382	$ 770	$ 156	$ 35	$ 5
Carrying value of loans and leases collectively evaluated for impairment	73,993	31,040
Total	$ 73,993	$ 31,040

Allowance for Loan Losses (th_5

Allowance for Loan Losses (the Allowance) - Carrying value based on credit quality indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	$ 1,246,114	$ 1,205,751
Pass
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	1,138,361	1,124,015
Special mention
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	76,212	61,740
Substandard
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	31,541	16,316
Doubtful
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases		3,680
Commercial mortgage \| Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	542,473	485,103
Commercial mortgage \| Pass
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	505,355	449,545
Commercial mortgage \| Special mention
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	31,464	32,059
Commercial mortgage \| Substandard
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	5,654	3,499
Home equity lines and loans \| Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	52,819	64,987
Home equity lines and loans \| Pass
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	51,427	63,923
Home equity lines and loans \| Substandard
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	1,392	1,064
Construction \| Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	162,192	140,246
Construction \| Pass
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	153,200	132,286
Construction \| Special mention
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	8,992	7,960
Commercial and industrial \| Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	278,976	261,750
Commercial and industrial \| Pass
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	222,041	227,349
Commercial and industrial \| Special mention
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	35,756	21,721
Commercial and industrial \| Substandard
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	21,179	9,000
Commercial and industrial \| Doubtful
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases		3,680
Small business loans \| Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	90,477	49,542
Small business loans \| Pass
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	87,161	46,789
Small business loans \| Substandard
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	3,316	2,753
Paycheck Protection Program loans ("PPP") \| Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	118,585	203,543
Paycheck Protection Program loans ("PPP") \| Pass
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	118,585	203,543
MainStreet Lending Program Loans ("PPP") \| Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	592	580
MainStreet Lending Program Loans ("PPP") \| Pass
Loans and Leases by Credit Ratings
Carry value of loans and leases excluding residential mortgage, consumer and leases	$ 592	$ 580

Allowance for Loan Losses (th_6

Allowance for Loan Losses (the Allowance) - Carrying value based on performance status (Details) $ in Thousands	Sep. 30, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Loans and Leases by Credit Ratings
Troubled debt restructurings	$ 2,843	$ 3,606
Evaluated by performance status
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	116,573	71,823
Performing
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	114,771	70,008
Nonperforming
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	1,802	1,815
Residential mortgage \| Evaluated by performance status
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	42,153	40,272
Residential mortgage \| Performing
Loans and Leases by Credit Ratings
Troubled debt restructurings	0	0
Carrying value of residential mortgage, consumer and leases	40,351	38,457
Residential mortgage \| Nonperforming
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	$ 1,802	$ 1,815
Number of loans \| loan	3	5
Loans receivable, net of the allowance and lease losses	$ 476	$ 910
Consumer \| Evaluated by performance status
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	427	511
Consumer \| Performing
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	427	511
Leases, net \| Evaluated by performance status
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	73,993	31,040
Leases, net \| Performing
Loans and Leases by Credit Ratings
Carrying value of residential mortgage, consumer and leases	$ 73,993	$ 31,040

Allowance for Loan Losses (th_7

Allowance for Loan Losses (the Allowance) - Impaired loans (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Impaired loans with related allowance:
Recorded investment	$ 4,374	$ 4,644
Principal balance	4,508	4,696
Related allowance	1,916	1,645
Impaired loans without related allowance:
Recorded investment	6,820	5,736
Principal balance	6,899	5,862
Grand Total
Recorded investment	11,194	10,380
Principal balance	11,407	10,558
Related allowance	1,916	1,645
Commercial mortgage
Impaired loans without related allowance:
Recorded investment	2,568	1,606
Principal balance	2,568	1,642
Commercial and industrial
Impaired loans with related allowance:
Recorded investment	3,201	3,860
Principal balance	3,321	3,902
Related allowance	1,526	1,563
Impaired loans without related allowance:
Recorded investment	450	785
Principal balance	515	862
Small business loans
Impaired loans with related allowance:
Recorded investment	916
Principal balance	916
Related allowance	376
Impaired loans without related allowance:
Recorded investment	141	185
Principal balance	141	185
Home equity lines and loans
Impaired loans with related allowance:
Recorded investment	88	95
Principal balance	102	105
Related allowance	2	9
Impaired loans without related allowance:
Recorded investment	822	826
Principal balance	836	839
Residential mortgage
Impaired loans with related allowance:
Recorded investment	169	689
Principal balance	169	689
Related allowance	12	73
Impaired loans without related allowance:
Recorded investment	1,633	1,128
Principal balance	1,633	1,128
Construction
Impaired loans without related allowance:
Recorded investment	1,206	1,206
Principal balance	$ 1,206	$ 1,206

Allowance for Loan Losses (th_8

Allowance for Loan Losses (the Allowance) - Impaired Loan Average Recorded Investment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Impaired loans with related allowance:
Average recorded investment	$ 4,416	$ 4,007	$ 4,485	$ 1,869
Interest income recognized	5	26	15	36
Impaired loans without related allowance:
Average recorded investment	6,858	6,581	6,953	6,034
Interest income recognized	53	113	110	298
Grand Total
Average recorded investment	11,274	10,588	11,438	7,903
Total interest income recognized	58	139	125	334
Commercial mortgage
Impaired loans without related allowance:
Average recorded investment	2,573	2,080	2,584	1,852
Interest income recognized	8	47	24	89
Commercial and industrial
Impaired loans with related allowance:
Average recorded investment	3,242	3,907	3,306	1,766
Interest income recognized	5	26	15	36
Impaired loans without related allowance:
Average recorded investment	473	874	485	700
Interest income recognized	19	6	19	14
Small business loans
Impaired loans with related allowance:
Average recorded investment	916		917
Impaired loans without related allowance:
Average recorded investment	147	208	161	220
Interest income recognized	3	5	11	16
Home equity lines and loans
Impaired loans with related allowance:
Average recorded investment	89	100	92	103
Impaired loans without related allowance:
Average recorded investment	823	564	824	575
Residential mortgage
Impaired loans with related allowance:
Average recorded investment	169		170
Impaired loans without related allowance:
Average recorded investment	1,636	1,649	1,640	1,478
Interest income recognized	6	41	9	133
Construction
Impaired loans without related allowance:
Average recorded investment	1,206	1,206	1,206	1,209
Interest income recognized	$ 17	$ 14	47	$ 46
Leases, net
Impaired loans without related allowance:
Average recorded investment			$ 53

Allowance for Loan Losses (th_9

Allowance for Loan Losses (the Allowance) - Troubled debt restructuring (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Allowance for Loan Losses (the Allowance)
TDRs included in nonperforming loans and leases	$ 367	$ 244
TDRs in compliance with modified terms	2,476	3,362
Total TDRs	$ 2,843	$ 3,606

Allowance for Loan Losses (t_10

Allowance for Loan Losses (the Allowance) - Loan and lease modifications granted categorized as TDRs (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)contract	Sep. 30, 2020USD ($)contract	Sep. 30, 2021USD ($)contract	Sep. 30, 2020USD ($)contract	Dec. 31, 2020USD ($)
Allowance for Loan Losses (the Allowance)
Number of Contracts \| contract	0	1	0	1
Loan and lease modifications granted and subsequently defaulted	$ 0	$ 0	$ 0	$ 0
Loan modifications provided to borrowers	$ 24,900	$ 19,100	$ 24,900	$ 19,100	$ 26,900

Short-Term Borrowings and Lon_2

Short-Term Borrowings and Long-Term Debt - Short-term borrowings (Details)	9 Months Ended
	Sep. 30, 2021USD ($)item	Dec. 31, 2020USD ($)
Short-Term Borrowings
Short term borrowings	$ 22,278,000	$ 106,862,000
Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Maximum borrowing capacity	$ 39,000,000
Federal funds purchased \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Number of borrowing facilities \| item	2
Short term borrowings	$ 0	0
Open Repo Plus Weekly 0.33 Percent Maturing On 05/31/2022 \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Interest rate (as a percent)	0.33%
Short term borrowings		60,416,000
Federal Reserve discount window \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Maximum borrowing capacity	$ 3,700,000
Interest rate (as a percent)	0.25%
Short term borrowings	$ 0	10,000,000
PPPLF Advance
Short-Term Borrowings
Advances secured percentage	100.00%
Interest rate (as a percent)	0.35%
Short term borrowings	$ 78,400,000
Mid-term Repo-fixed 0.36%, Maturing On 01/13/2021 \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Interest rate (as a percent)	0.36%
Short term borrowings		4,605,000
Mid-term Repo-fixed 0.10%, Maturing On 06/10/2021 \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Interest rate (as a percent)	0.10%
Short term borrowings		6,376,000
Mid-term Repo-fixed 0.11%, Maturing On 09/10/2021 \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Interest rate (as a percent)	0.11%
Short term borrowings		10,000,000
Mid-term Repo-fixed 0.16%, Maturing On 12/10/2021 \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Interest rate (as a percent)	0.16%
Short term borrowings	$ 10,000,000	10,000,000
Mid-term Repo-fixed 0.23%, Maturing On 01/27/2021 \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Interest rate (as a percent)	0.23%
Short term borrowings		$ 5,465,000
Mid-term Repo-fixed 0.32%, Maturing On 08/10/2020 \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Interest rate (as a percent)	0.32%
Short term borrowings	$ 7,392,000
Mid-term Repo-fixed 0.23%, Maturing On 08/10/2020 \| Federal Home Loan Bank of Pittsburgh
Short-Term Borrowings
Interest rate (as a percent)	0.23%
Short term borrowings	$ 4,886,000

Short-Term Borrowings and Lon_3

Short-Term Borrowings and Long-Term Debt - Long-term debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Long Term Debt
Long-term debt	$ 78,405	$ 165,546
PPPLF Advances
Long Term Debt
Fixed interest rate (as a percent)	0.35%
Long-term debt		153,269
PPPLF Advances 2026
Long Term Debt
Fixed interest rate (as a percent)	0.35%
Long-term debt	$ 78,405
Federal Home Loan Bank of Pittsburgh
Long Term Debt
Maximum borrowing capacity	$ 39,000
Federal Home Loan Bank of Pittsburgh \| Mid-term Repo-fixed Maturing On 06/29/2022
Long Term Debt
Fixed interest rate (as a percent)	0.32%
Long-term debt		7,392
Federal Home Loan Bank of Pittsburgh \| Mid-term Repo-fixed Maturing On 09/12/2022
Long Term Debt
Fixed interest rate (as a percent)	0.23%
Long-term debt		4,885
Federal Home Loan Bank of Pittsburgh \| Letters of credit
Long Term Debt
Proceeds from long term debt	$ 128,500
Maximum borrowing capacity	$ 533,400	$ 638,900

Servicing Assets - Residential

Servicing Assets - Residential Mortgage Loan Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period			$ 5,617
Balance at end of the period	$ 11,932		11,932
Mortgage Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	968,600		968,600		$ 506,000
Servicing fee income	562	$ 140	1,400	$ 247
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	8,942	1,294	4,647	446
Servicing rights capitalized	1,360	1,333	5,856	2,469
Amortization of servicing rights	(316)	(90)	(786)	(173)
Change in valuation allowance	111	102	380	(103)
Balance at end of the period	10,097	2,639	10,097	2,639
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	(166)	(303)	(435)	(98)
Impairment				103
Recovery	111	102	380
Valuation allowance, end of the period	$ (55)	$ (201)	$ (55)	$ (201)

Servicing Assets - MSR Sensitiv

Servicing Assets - MSR Sensitivity Analysis (Details) - Mortgage Servicing Rights - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of residential mortgage servicing rights	$ 10,296	$ 4,647
Weighted average life (years)	9 years	5 years
Prepayment speed	7.26%	9.39%
Impact on fair value of a 10% adverse change in prepayment speed	$ (358)	$ (183)
Impact on fair value of a 20% adverse change in prepayment speed	$ (695)	$ (354)
Discount rate	9.00%	9.00%
Impact on fair value of a 10% adverse change in the discount rate	$ (397)	$ (168)
Impact on fair value of a 20% adverse change in the discount rate	$ (768)	$ (329)

Servicing Assets - SBA Loan Ser

Servicing Assets - SBA Loan Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period			$ 5,617
Balance at end of the period	$ 11,932		11,932
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	102,500		102,500		$ 55,900
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	1,385	$ 632	970	$ 337
Servicing rights capitalized	588	183	1,166	524
Amortization of servicing rights	(112)	(42)	(266)	(88)
Change in valuation allowance	(26)	14	(35)	14
Balance at end of the period	1,835	787	1,835	787
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	(48)	(26)	(39)	(26)
Impairment	(26)		(35)
Recovery		14		14
Valuation allowance, end of the period	$ (74)	$ (12)	$ (74)	$ (12)

Servicing Assets - SBA Sensitiv

Servicing Assets - SBA Sensitivity Analysis (Details) - SBA Loan Servicing Rights - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of SBA loan servicing rights	$ 1,954	$ 1,010
Weighted average life (years)	3 years 9 months 18 days	3 years 8 months 12 days
Prepayment speed	12.91%	12.73%
Impact on fair value of a 10% adverse change in prepayment speed	$ (77)	$ (37)
Impact on fair value of a 20% adverse change in prepayment speed	$ (148)	$ (71)
Discount rate	7.47%	8.33%
Impact on fair value of a 10% adverse change in the discount rate	$ (53)	$ (25)
Impact on fair value of a 20% adverse change in the discount rate	$ (103)	$ (49)

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures - Financial assets measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets
Securities available-for-sale	$ 146,149	$ 123,562
Equity investments	1,011	1,031
Mortgage loans held-for-investment	17,142	12,182
U.S. asset backed securities
Assets
Securities available-for-sale	21,293	25,592
U.S. government agency mortgage-backed securities
Assets
Securities available-for-sale	5,459	4,046
U.S. government agency collateralized mortgage obligations
Assets
Securities available-for-sale	24,053	23,909
State and municipal securities
Assets
Securities available-for-sale	72,828	65,810
Non-U.S. government agencies collateralized mortgage obligations
Assets
Securities available-for-sale	999
Corporate bonds
Assets
Securities available-for-sale	6,507	4,205
Level 3 \| Interest rate lock commitments
Assets
Derivative assets, Fair value	1,712	6,932
Recurring
Assets
Equity investments	1,011	1,031
Mortgage loans held-for-sale	117,996	229,199
Mortgage loans held-for-investment	17,142	12,182
Total	285,509	374,024
Liabilities
Total	1,483	2,891
Recurring \| U.S. asset backed securities
Assets
Securities available-for-sale	21,293	25,592
Recurring \| U.S. government agency mortgage-backed securities
Assets
Securities available-for-sale	5,459	4,046
Recurring \| U.S. government agency collateralized mortgage obligations
Assets
Securities available-for-sale	24,053	23,909
Recurring \| State and municipal securities
Assets
Securities available-for-sale	72,828	65,810
Recurring \| U.S. Treasuries
Assets
Securities available-for-sale	15,010
Recurring \| Non-U.S. government agencies collateralized mortgage obligations
Assets
Securities available-for-sale	999
Recurring \| Corporate bonds
Assets
Securities available-for-sale	6,507	4,205
Recurring \| Interest rate lock commitments
Assets
Derivative assets, Fair value	1,712	6,932
Liabilities
Derivative Liability	360	100
Recurring \| Forward Commitments
Assets
Derivative assets, Fair value	447
Liabilities
Derivative Liability	22	1,572
Recurring \| Customer derivatives - interest rate swaps
Assets
Derivative assets, Fair value	1,052	1,118
Liabilities
Derivative Liability	1,101	1,219
Recurring \| Level 2
Assets
Equity investments	1,011	1,031
Mortgage loans held-for-sale	117,996	229,199
Mortgage loans held-for-investment	17,142	12,182
Total	283,797	367,092
Liabilities
Total	1,123	2,791
Recurring \| Level 2 \| U.S. asset backed securities
Assets
Securities available-for-sale	21,293	25,592
Recurring \| Level 2 \| U.S. government agency mortgage-backed securities
Assets
Securities available-for-sale	5,459	4,046
Recurring \| Level 2 \| U.S. government agency collateralized mortgage obligations
Assets
Securities available-for-sale	24,053	23,909
Recurring \| Level 2 \| State and municipal securities
Assets
Securities available-for-sale	72,828	65,810
Recurring \| Level 2 \| U.S. Treasuries
Assets
Securities available-for-sale	15,010
Recurring \| Level 2 \| Non-U.S. government agencies collateralized mortgage obligations
Assets
Securities available-for-sale	999
Recurring \| Level 2 \| Corporate bonds
Assets
Securities available-for-sale	6,507	4,205
Recurring \| Level 2 \| Forward Commitments
Assets
Derivative assets, Fair value	447
Liabilities
Derivative Liability	22	1,572
Recurring \| Level 2 \| Customer derivatives - interest rate swaps
Assets
Derivative assets, Fair value	1,052	1,118
Liabilities
Derivative Liability	1,101	1,219
Recurring \| Level 3
Assets
Total	1,712	6,932
Liabilities
Total	360	100
Recurring \| Level 3 \| Interest rate lock commitments
Assets
Derivative assets, Fair value	1,712	6,932
Liabilities
Derivative Liability	$ 360	$ 100

Fair Value Measurements and D_4

Fair Value Measurements and Disclosures - Financial assets measured at fair value on non-recurring basis (Details) - Nonrecurring - Level 3 - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financial assets measured at fair value on a nonrecurring basis
Mortgage servicing rights	$ 10,097	$ 4,647
SBA loan servicing rights	1,835	970
Impaired loans	2,458	2,998
Total	$ 14,390	$ 8,615

Fair Value Measurements and D_5

Fair Value Measurements and Disclosures - Estimated fair values of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financial assets:
Securities available-for-sale	$ 146,149	$ 123,562
Securities held-to-maturity	6,660	6,857
Equity investments	1,011	1,031
Mortgage loans held-for-investment	17,142	12,182
Carrying amount
Financial assets:
Restricted investment in bank stock	4,162	7,861
Level 1 \| Carrying amount
Financial assets:
Cash and cash equivalents	63,121	36,744
Level 1 \| Fair value
Financial assets:
Cash and cash equivalents	63,121	36,744
Level 2 \| Carrying amount
Financial assets:
Securities available-for-sale	146,149	123,562
Securities held-to-maturity	6,406	6,510
Equity investments	1,011	1,031
Mortgage loans held-for-sale	117,996	229,199
Mortgage loans held-for-investment	17,142	12,182
Financial liabilities:
Deposits	1,439,047	1,241,335
Short-term borrowings	22,278	106,862
Long-term debt	78,405	165,546
Subordinated debentures	40,760	40,671
Accrued interest payable	663	1,154
Level 2 \| Carrying amount \| Forward Commitments
Financial assets:
Derivative asset	447
Financial liabilities:
Derivatives	22	1,572
Level 2 \| Carrying amount \| Customer derivatives - interest rate swaps
Financial assets:
Derivative asset	1,052	1,118
Financial liabilities:
Derivatives	1,101	1,219
Level 2 \| Fair value
Financial assets:
Securities available-for-sale	146,149	123,562
Securities held-to-maturity	6,660	6,857
Equity investments	1,011	1,031
Mortgage loans held-for-sale	117,996	229,199
Mortgage loans held-for-investment	17,142	12,182
Financial liabilities:
Deposits	1,552,500	1,392,500
Short-term borrowings	22,278	106,862
Long-term debt	79,373	168,000
Subordinated debentures	41,859	38,375
Accrued interest payable	663	1,154
Level 2 \| Fair value \| Forward Commitments
Financial assets:
Derivative asset	447
Financial liabilities:
Derivatives	22	1,572
Level 2 \| Fair value \| Customer derivatives - interest rate swaps
Financial assets:
Derivative asset	1,052	1,118
Financial liabilities:
Derivatives	1,101	1,219
Level 3 \| Interest rate lock commitments
Financial assets:
Derivative asset	1,712	6,932
Level 3 \| Carrying amount
Financial assets:
Loans receivable, net of the allowance and lease losses	1,361,528	1,272,582
Accrued interest receivable	5,080	5,482
Level 3 \| Carrying amount \| Interest rate lock commitments
Financial assets:
Derivative asset	1,712	6,932
Financial liabilities:
Derivatives	360	100
Level 3 \| Fair value
Financial assets:
Loans receivable, net of the allowance and lease losses	1,391,260	1,289,776
Accrued interest receivable	5,080	5,482
Level 3 \| Fair value \| Interest rate lock commitments
Financial assets:
Derivative asset	1,712	6,932
Financial liabilities:
Derivatives	$ 360	$ 100

Fair Value Measurements and D_6

Fair Value Measurements and Disclosures - Off-balance sheet financial instruments (Details) - Level 2 - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Carrying amount \| Commitments to extend credit
Off-balance sheet financial instruments:
Off-balance sheet financial instruments	$ 505,018	$ 421,399
Carrying amount \| Letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instruments	17,711	8,928
Fair value \| Commitments to extend credit
Off-balance sheet financial instruments:
Off-balance sheet financial instruments	$ 1,712	$ 6,932

Fair Value Measurements and D_7

Fair Value Measurements and Disclosures - Fair value on a recurring basis (Details) - Interest rate lock commitments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of the period	$ 2,667	$ 4,595	$ 6,932	$ 504
(Decrease) Increase in value	(955)	3,203	(5,220)	7,294
Balance at end of the period	$ 1,712	$ 7,798	$ 1,712	$ 7,798

Fair Value Measurements and D_8

Fair Value Measurements and Disclosures - Valuation Techniques for Level 3 interest rate lock (Details) - Interest rate lock commitments - Level 3 $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset	$ 1,712		$ 1,712		$ 6,932
Valuation technique extensible list	us-gaap:ValuationTechniqueConsensusPricingModelMember		us-gaap:ValuationTechniqueConsensusPricingModelMember		us-gaap:ValuationTechniqueConsensusPricingModelMember
Measurement input extensible list	mrbk:LoanOriginationSucessRateMember		mrbk:LoanOriginationSucessRateMember		mrbk:LoanOriginationSucessRateMember
Net realized gains (losses)	$ (1,100)	$ 3,200	$ (5,500)	$ 7,200
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1		1		1
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	99		99		99
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	87.26		87.26		83.08

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional amounts and fair values of derivative financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Derivative Financial Instruments
Notional Amount	$ 386,626	$ 688,786
Asset (Liability) Fair Value	1,728	5,159
Interest rate lock commitments
Derivative Financial Instruments
Notional Amount	217,546	428,828
Asset (Liability) Fair Value	1,352	6,832
Interest rate lock commitments \| Other Assets
Derivative Financial Instruments
Notional Amount	159,507	406,422
Asset (Liability) Fair Value	1,712	6,932
Interest rate lock commitments \| Other Liabilities
Derivative Financial Instruments
Notional Amount	58,039	22,406
Asset (Liability) Fair Value	(360)	(100)
Forward Commitments
Derivative Financial Instruments
Notional Amount	97,500	218,000
Asset (Liability) Fair Value	425	(1,572)
Forward Commitments \| Other Assets
Derivative Financial Instruments
Notional Amount	86,000
Asset (Liability) Fair Value	447
Forward Commitments \| Other Liabilities
Derivative Financial Instruments
Notional Amount	11,500	218,000
Asset (Liability) Fair Value	(22)	(1,572)
Customer derivatives - interest rate swaps
Derivative Financial Instruments
Notional Amount	71,580	41,958
Asset (Liability) Fair Value	(49)	(101)
Customer derivatives - interest rate swaps \| Other Assets
Derivative Financial Instruments
Notional Amount	35,790	20,979
Asset (Liability) Fair Value	1,052	1,118
Customer derivatives - interest rate swaps \| Other Liabilities
Derivative Financial Instruments
Notional Amount	35,790	20,979
Asset (Liability) Fair Value	$ (1,101)	$ (1,219)

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair value gains and losses on derivative financial instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	$ (339)	$ 3,028	$ (3,431)	$ 6,346
Realized gain (losses) on derivatives	(1,189)	(2,637)	2,397	(7,363)
Interest rate lock commitments
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	(1,056)	3,161	(5,480)	7,226
Forward Commitments
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	703	(129)	1,997	(801)
Customer derivatives - interest rate swaps
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	$ 14	$ (4)	$ 52	$ (79)

Segments (Details)

Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
Segments (Details) $ in Thousands	Sep. 30, 2021USD ($)Office	Sep. 30, 2020USD ($)Office	Sep. 30, 2021USD ($)Office	Sep. 30, 2020USD ($)Office	Dec. 31, 2020USD ($)
Net-interest Income:
Net interest income	$ 16,257	$ 12,715	$ 46,789	$ 33,978
Provision for loan losses	597	3,956	1,292	7,139
Net interest income after provision for loan losses	15,660	8,759	45,497	26,839
Non-Interest Income:
Mortgage banking income	18,726	21,812	62,293	45,395
Wealth management income	1,232	951	3,531	2,825
SBA income	2,688	641	5,423	1,821
Net change in fair values	(834)	6,053	(6,619)	10,944
Net loss on hedging activity	(1,189)	(2,637)	2,397	(7,363)
Other	1,499	2,240	3,877	3,350
Total non-interest income	22,122	29,060	70,902	56,972
Non-interest expenses:
Total non-interest expenses	25,481	25,834	79,990	61,152
Income before income taxes	12,301	11,985	36,409	22,659
Total Assets	1,762,445	1,758,648	1,762,445	1,758,648	$ 1,720,197
Bank
Net-interest Income:
Net interest income	15,777	12,104	45,340	32,725
Provision for loan losses	597	3,956	1,292	7,139
Net interest income after provision for loan losses	15,180	8,148	44,048	25,586
Non-Interest Income:
Mortgage banking income	215	574	892	973
SBA income	2,688	641	5,423	1,821
Net change in fair values	13	(4)	52	(68)
Other	836	2,045	2,110	2,931
Total non-interest income	3,752	3,256	8,477	5,657
Non-interest expenses:
Total non-interest expenses	10,633	8,829	28,981	23,341
Income before income taxes	8,299	2,575	23,544	7,902
Total Assets	1,625,468	1,525,883	1,625,468	1,525,883
Wealth
Net-interest Income:
Net interest income	2	(19)	(249)	(24)
Net interest income after provision for loan losses	2	(19)	(249)	(24)
Non-Interest Income:
Wealth management income	1,232	951	3,531	2,825
Other				14
Total non-interest income	1,232	951	3,531	2,839
Non-interest expenses:
Total non-interest expenses	802	788	2,486	2,363
Income before income taxes	432	144	796	452
Total Assets	$ 6,396	$ 5,399	$ 6,396	$ 5,399
Mortgage
Segments
Number of central loan production \| Office	16	16	16	16
Net-interest Income:
Net interest income	$ 478	$ 630	$ 1,698	$ 1,277
Net interest income after provision for loan losses	478	630	1,698	1,277
Non-Interest Income:
Mortgage banking income	18,511	21,238	61,401	44,422
Net change in fair values	(847)	6,057	(6,671)	11,012
Net loss on hedging activity	(1,189)	(2,637)	2,397	(7,363)
Other	663	195	1,767	405
Total non-interest income	17,138	24,853	58,894	48,476
Non-interest expenses:
Total non-interest expenses	14,046	16,217	48,523	35,448
Income before income taxes	3,570	9,266	12,069	14,305
Total Assets	130,581	227,366	130,581	227,366
Wealth Management Income
Non-Interest Income:
Revenue from contracts with customers	$ 1,232	$ 951	$ 3,531	$ 2,825

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 16, 2021	Jul. 22, 2021	May 17, 2021	Apr. 22, 2021	Mar. 15, 2021	Feb. 22, 2021	Jan. 28, 2021	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Jun. 17, 2021	Jun. 16, 2021	Apr. 26, 2021	Dec. 31, 2020
Stockholders' Equity
Cash dividend declared per common share		$ 0.125		$ 0.125			$ 0.125
Cash dividend paid per common share	$ 0.125		$ 0.125			$ 0.125
Special dividend paid per common share					$ 1
Stock Repurchase Program, Authorized Amount													$ 6,000
Common Stock, Par or Stated Value Per Share								$ 1	$ 1				$ 1	$ 1
Common stock, Authorized shares								25,000,000	25,000,000		25,000,000	10,000,000		10,000,000
Treasury stock purchased								78,491
Shares repurchased average price								$ 27.41
Payments for Repurchase of Common Stock								$ 2,200	$ 2,197	$ 5,703