Meridian (MRBK) 10-Q 10 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 05, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	000-55983
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	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,177,751
Entity Registrant Name	Meridian Corp
Entity Central Index Key	0001750735
Amendment Flag	false
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets:
Cash and due from banks	$ 8,473	$ 11,299
Interest-bearing deposits at other banks	100,030	27,092
Cash and cash equivalents	108,503	38,391
Securities available-for-sale, at fair value (amortized cost of $154,431 and $148,976, respectively)	142,933	135,346
Securities held-to-maturity, at amortized cost (fair value of $33,076 and $33,085, respectively)	36,525	37,479
Equity investments	2,110	2,086
Mortgage loans held for sale	35,701	22,243
Loans, net of fees and costs	1,818,189	1,743,682
Allowance for credit losses	(20,442)	(18,828)
Loans and other finance receivables, net of the allowance for credit losses	1,797,747	1,724,854
Restricted investment in bank stock	10,173	6,931
Bank premises and equipment, net	13,281	13,349
Bank owned life insurance	28,247	28,055
Accrued interest receivable	7,651	7,363
Other real estate owned	1,703	1,703
Deferred income taxes	4,017	3,936
Servicing assets	12,125	12,346
Goodwill	899	899
Intangible assets	3,124	3,175
Other assets	25,044	24,072
Total assets	2,229,783	2,062,228
Deposits:
Non-interest bearing	262,636	301,727
Interest bearing	1,507,777	1,410,752
Total deposits	1,770,413	1,712,479
Borrowings	233,883	122,082
Subordinated debentures	40,319	40,346
Accrued interest payable	3,836	2,389
Other liabilities	28,283	31,652
Total liabilities	2,076,734	1,908,948
Stockholders’ equity:
Common stock, $1 par value per share. 25,000,000 shares authorized; 13,180,184 and 13,156,308 shares issued and 11,177,001 and 11,465,572 shares outstanding, respectively	13,180	13,156
Surplus	79,473	79,072
Treasury stock, 2,003,183 and 1,690,736 shares, respectively, at cost	(24,512)	(21,821)
Unearned common stock held by employee stock ownership plan	(1,403)	(1,403)
Retained earnings	96,180	95,815
Accumulated other comprehensive loss	(9,869)	(11,539)
Total stockholders’ equity	153,049	153,280
Total liabilities and stockholders’ equity	$ 2,229,783	$ 2,062,228

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Securities available-for-sale, amortized cost	$ 154,431	$ 148,976
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	25,000,000	25,000,000
Common stock, issued (in shares)	13,180,184	13,156,308
Common stock, outstanding (in shares)	11,177,001	11,465,572
Treasury stock held (in shares)	2,003,183	1,690,736

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income:
Loans and other finance receivables, including fees	$ 29,417	$ 17,219
Securities - taxable	959	426
Securities - tax-exempt	354	306
Cash and cash equivalents	217	13
Total interest income	30,947	17,964
Interest expense:
Deposits	11,447	1,289
Borrowings	1,823	640
Total interest expense	13,270	1,929
Net interest income	17,677	16,035
Provision for credit losses	1,399	615
Net interest income after provision for credit losses	16,278	15,420
Non-interest income:
Mortgage banking income	3,272	7,096
SBA loan income	713	2,520
Earnings on investment in life insurance	192	138
Net change in the fair value of derivative instruments	(69)	(166)
Net change in the fair value of loans held-for-sale	(1)	(1,124)
Net change in the fair value of loans held-for-investment	117	(778)
Net gain on hedging activity	0	2,827
Other	1,183	1,258
Total non-interest income	6,638	13,102
Non-interest expense:
Salaries and employee benefits	11,061	15,298
Occupancy and equipment	1,244	1,252
Professional fees	823	848
Advertising and promotion	861	986
Data Processing and Software	1,432	1,189
Pennsylvania bank shares tax	245	199
Other	2,123	1,661
Total non-interest expense	17,789	21,433
Income before income taxes	5,127	7,089
Income tax expense	1,106	1,554
Net income	$ 4,021	$ 5,535
Basic earnings per common share (in USD per share)	$ 0.36	$ 0.46
Diluted earnings per common share (in USD per share)	$ 0.34	$ 0.44
Basic weighted average shares outstanding (in shares)	11,272	12,046
Diluted weighted average shares outstanding (in shares)	11,656	12,524
Wealth management income
Non-interest income:
Revenue from contract with customer	$ 1,196	$ 1,304
Service charges
Non-interest income:
Revenue from contract with customer	$ 35	$ 27

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income:	$ 4,021	$ 5,535
Net change in unrealized gains (losses) on investment securities available for sale:
Change in fair value of investment securities available for sale, net of tax of $460, $(1,626), respectively	1,670	(5,369)
Reclassification adjustment for net losses realized in net income, net of tax effect of $0, and $(3), respectively	0	(9)
Reclassification adjustment for securities transferred from available-for-sale to held-to-maturity, net of tax effect of $0, and $308, respectively	0	(1,021)
Unrealized investment gains (losses), net of tax effect of $460, and $(1,937), respectively	1,670	(6,399)
Total other comprehensive income (loss)	1,670	(6,399)
Comprehensive income	$ 5,691	$ (864)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Tax expense (benefit) on unrealized gains arising during the period	$ 460	$ (1,626)
Tax expense (benefit) on reclassification adjustment for net gains on sales realized in net income	0	(3)
Tax expense (benefit) on reclassification adjustment for transfer to held-to-maturity	0	308
Tax expense (benefit) on unrealized investment gains (losses)	$ 460	$ (1,937)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Surplus	Treasury Stock	Unearned ESOP	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	AOCI
Balance beginning of the period at Dec. 31, 2021	$ 165,360		$ 13,070	$ 77,128	$ (8,860)	$ (1,602)	$ 84,916		$ 708
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,535						5,535
Other comprehensive loss	(6,399)								(6,399)
Dividends paid or accrued	(7,347)						(7,347)
Common stock issued through share-based awards and exercises	275		21	254
Stock based compensation expense	260			260
Balance ending of the period at Mar. 31, 2022	157,684		13,091	77,642	(8,860)	(1,602)	83,104		(5,691)
Balance beginning of the period at Dec. 31, 2021	$ 165,360		13,070	77,128	(8,860)	(1,602)	84,916		708
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Balance ending of the period at Dec. 31, 2022	$ 153,280	$ (2,228)	13,156	79,072	(21,821)	(1,403)	95,815	$ (2,228)	(11,539)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,021						4,021
Other comprehensive loss	1,670								1,670
Dividends paid or accrued	(1,428)						(1,428)
Net purchase of treasury stock through publicly announced plans	(2,691)				(2,691)
Common stock issued through share-based awards and exercises	148		24	124
Stock based compensation expense	277			277
Balance ending of the period at Mar. 31, 2023	$ 153,049		$ 13,180	$ 79,473	$ (24,512)	$ (1,403)	$ 96,180		$ (9,869)

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.125	$ 0.60
Treasury stock (in shares)	184,598

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Cash Flows [Abstract]
Net income	$ 4,021	$ 5,535
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net amortization of investment premiums and discounts and change in fair value of equity securities	373	(27)
Depreciation and amortization (accretion), net	(2)	50
Provision for credit losses	1,399	615
Amortization of issuance costs on subordinated debt	27	30
Stock based compensation	277	260
Net change in fair value of derivative instruments	4	166
Net change in fair value of loans held for sale	1	1,124
Net change in fair value of loans held for investment	(117)	778
Amortization and net impairment of servicing rights	435	494
SBA loan income	(713)	(2,520)
Proceeds from sale of loans	136,837	319,610
Loans originated for sale	(147,238)	(313,485)
Mortgage banking income	(3,272)	(7,096)
(Increase) decrease in accrued interest receivable	(288)	161
Decrease (increase) in other assets	(1,542)	(9,962)
Earnings from investment in life insurance	(192)	(138)
(Increase) decrease in deferred income tax	(54)	159
Increase in accrued interest payable	1,447	544
(Decrease) increase in other liabilities	(2,803)	10,156
Net cash (used in) provided by operating activities	(11,400)	6,454
Activity in available-for-sale securities:
Maturities, repayments and calls	2,222	3,843
Purchases	(10,702)	(9,885)
Activity in held-to-maturity securities:
Maturities, repayments and calls	865	390
Purchases	0	(2,500)
(Decrease) increase in restricted stock	(3,242)	787
Net increase in loans	(73,057)	(59,762)
Purchases of premises and equipment	(284)	(77)
Net cash used in investing activities	(84,198)	(67,204)
Cash flows from financing activities:
Net increase in deposits	57,934	118,438
Increase (decrease) in short-term borrowings	108,368	(5,208)
Repayment of long-term debt, net	3,433	0
Repayment of subordinated debt	(54)	0
Net purchase of treasury stock	(2,691)	0
Dividends paid	(1,428)	(7,347)
Share based awards and exercises	148	275
Net cash provided by financing activities	165,710	106,158
Net change in cash and cash equivalents	70,112	45,408
Cash and cash equivalents at beginning of period	38,391	23,480
Cash and cash equivalents at end of period	108,503	68,888
Supplemental disclosure of cash flow information:
Interest	11,823	1,386
Supplemental disclosure of cash flow information:
Transfers from loans held for sale to loans held for investment	0	1,653
Transfer of securities from AFS to HTM	$ 0	$ 23,522

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Summary of Significant Accounting Policies Basis of Presentation The Corporation’s unaudited consolidated financial statements have been prepared in accordance with U.S. 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. GAAP 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 credit losses, lending related commitments and the related unfunded commitment reserve, the fair value of financial instruments, other-than-temporary impairments of investment securities, and the valuations of goodwill, intangible assets, and servicing assets. These unaudited consolidated financial statements should be read in conjunction with the Corporation’s filings with the SEC (including our Annual Report on Form 10-K for the year ended December 31, 2022), 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 March 31, 2023 are not necessarily indicative of the results for the year ending December 31, 2023 or for any other period. Stock Split On February 28, 2023, the Corporation approved and declared a two-for-one stock split in the form of a stock dividend, payable March 20, 2023, to shareholders of record as of March 14, 2023. Under the terms of the stock split, the Corporation’s shareholders will receive a dividend of one share for every share held on the record date. The dividend will be paid in authorized but unissued shares of common stock of the Corporation. The par value of the Corporation's stock was not affected by the split and remained at $1.00 per share. All share and per share amounts reported in the consolidated financial statements have been adjusted to reflect the two-for-one stock split. Loans Loans held for investment are recorded at amortized cost, net of ACL. Amortized cost is the amount at which a financial asset is originated or acquired, adjusted for the amortization of premium and discount, net deferred fees or costs, collection of cash, and write-offs. Interest income on loans is recognized using the level yield method. Loan origination fees, commitment fees and direct loan origination costs are deferred and recognized over the life of the related loans using a level yield method over the period to maturity. Allowance for Credit Losses - Loans and Leases On January 1, 2023, we adopted ASU 2016-13, Financial Instruments-Credit Losses ("Topic 326"), which replaced the incurred loss impairment model with an expected loss methodology that is referred to as the CECL methodology. We now establish our ACL in accordance with Topic 326. The ACL includes quantitative and qualitative factors that comprise management's current estimate of expected credit losses, including our portfolio mix and segmentation, modeling methodology, historical loss experience, relevant available information from internal and external sources relating to reasonable and supportable forecasts about future economic conditions, prepayment speeds, and qualitative adjustment factors. The Corporation's portfolio segments, established based on similar risk characteristics and loss behaviors, are: • Commercial mortgage, commercial and industrial, construction, SBA loans, and commercial small business leases (commercial loans), and • Residential, equity secured lines and loans, and installment loans (retail loans). Expected credit losses are estimated over the contractual term, adjusted for expected prepayments and recoveries. The contractual term excludes any extensions, renewals and modifications unless the Corporation has reasonable expectations at the reporting date that it will result in a modification, or they are not unconditionally cancellable. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The allowance includes two primary components: (i) an allowance established on loans which share similar risk characteristics collectively evaluated for credit losses (collective basis) and (ii) an allowance established on loans which do not share similar risk characteristics with any loan segment and are individually evaluated for credit losses (individual basis). Loans that share similar risk characteristics are collectively reviewed for credit loss and are evaluated based on historical loss experience, adjusted for current economic conditions and future economic forecasts. Estimated losses are determined differently for commercial and consumer loans, and each portfolio segment is further segmented by internally assessed risk ratings. Management uses a third-party economic forecast to modify the calculated historical loss rates of the portfolio segments. Our economic forecast extends out 4 quarters (the forecast period) and reverts to the historical loss rates on a straight-line basis over 1 quarter (the reversion period) as we believe this to be reasonable and supportable in the current environment. The economic forecast and reversion periods will be evaluated periodically by management and updated as appropriate. The historical loss rates for commercial loans are estimated by determining the PD and expected LGD. The PD is calculated based on the historical rate of migration to an event of credit loss during the look-back period. The historical loss rates for retail loans is calculated based solely on average net loss rates over the same look-back period. Our current look-back period is 32 quarters which allows us to ensure that historical loss rates are adequately considering losses over a full economic cycle. Loans that do not share similar risk characteristics with any loan segments are evaluated on an individual basis. These loans, which may include borrowers experiencing financial difficulties, are not included in the collective basis evaluation. When it is probable we will not collect all principal and interest due according to their contractual terms, which is assessed based on the credit characteristics of the loan and/or payment status, these loans are individually reviewed and measured for potential credit loss. The amount of the potential credit loss is measured using one of three methods: (i) the present value of expected future cash flows discounted at the loan’s effective interest rate; (ii) the fair value of collateral, if the loan is collateral dependent; or (iii) the loan’s observable market price. If the measured fair value of the loan is less than the amortized cost basis of the loan, an allowance for credit loss is recorded. For collateral dependent loans, the expected credit losses at the individual asset level is the difference between the collateral's fair value (less cost to sell) and the amortized cost. Qualitative adjustment factors consider various internal and external conditions which are allocated among loan segments and take into consideration: • Current underwriting policies, staff and portfolio concentrations, • Risk rating accuracy, credit and administration, • Internal risk emergence (including internal trends of delinquency, portfolio growth, and collateral value), and • , Competitive environment, as it could impact loan structure and underwriting. These factors are based on their relative standing compared to the period in which historical losses are used in quantitative reserve estimates and current directional trends, and reasonable and supportable forecasts. Qualitative factors in our model can add to or subtract from quantitative reserves. Our loan officers and risk managers meet at least quarterly to discuss and review the conditions and risks associated with individual problem loans. In addition, various regulatory agencies periodically review our loan ratings and allowance for credit losses and the Bank’s internal loan review department performs loan reviews. Accrued interest receivable on loans is excluded from the estimate of credit losses and is included in Accrued interest receivable on the Consolidated Balance Sheets. For additional detail regarding the allowance for credit losses and the provision for credit losses, see Note 5. Past Due and Nonaccrual Loans Past due loans are defined as loans contractually past due 30 days or more as to principal or interest payments but which remain in accrual status because they are considered well secured and in the process of collection. Nonaccruing loans and leases are those on which the accrual of interest has ceased. Loans are placed on nonaccrual status immediately if, in the opinion of management, collection is doubtful, or when principal or interest is past due 90 days or more and the loan is not well secured and in the process of collection. Interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed and charged against interest income. In addition, the amortization of net deferred loan fees is suspended when a loan is placed on nonaccrual status. Subsequent cash receipts are applied either to the outstanding principal balance or recorded as interest income, depending on management’s assessment of the ultimate collectability of principal and interest. Loans are returned to accrual status when we assess that the borrower has the ability to make all principal and interest payments in accordance with the terms of the loan (i.e. a consistent repayment record, generally six consecutive payments, has been demonstrated). Unless loans are well-secured and collection is imminent, for loans greater than 90 days past due their respective reserves are generally charged off once the loss has been confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged off and expected to be charged off. Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates such designation as of each balance sheet date. Securities classified as available-for-sale are those securities that the Corporation intends to hold for an indefinite period of time but not necessarily to maturity. Securities available-for-sale are carried at fair value. Any decision to sell a security classified as available-for-sale would be based on various factors, including significant movement in interest rates, changes in maturity mix of the Corporation’s assets and liabilities, liquidity needs, regulatory capital considerations and other similar factors. Unrealized gains and losses are reported as increases or decreases in other comprehensive income. Gains or losses on disposition are based on the net proceeds and cost of the securities sold, adjusted for the amortization of premiums and accretion of discounts, using the specific identification method. Securities classified as held to maturity are those debt securities the Corporation has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions. These securities are carried at cost adjusted for the amortization of premium and accretion of discount, computed on a level yield basis. Investments in equity securities are recorded in accordance with ASC 321-10, Investments - Equity Securities. Equity securities are carried at fair value, with changes in fair value reported in net income. At March 31, 2023 and December 31, 2022, investments in equity securities consisted of an investment in mutual funds with a fair value of $2.1 million, and $2.1 million, respectively. The Corporation’s accounting policy specifies that (a) if the Corporation does not have the intent to sell a debt security prior to recovery and (b) it is more likely than not that it will not have to sell the debt security prior to recovery, the security would not be considered other-than-temporarily impaired, unless there is a credit loss. When the Corporation does not intend to sell the security, and it is more likely than not, the Corporation will not have to sell the security before recovery of its cost basis, it will recognize the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. The Corporation did not recognize any other-than-temporary impairment charges during the quarters ended March 31, 2023 and 2022. Allowance for Credit Losses - Held-to-Maturity Debt Securities We follow Accounting Standards Codification (ASC) 326-20, Financial Instruments - Credit Loss - Measured at Amortized Cost, to measure expected credit losses on held-to-maturity debt securities on a collective basis by security investment grade. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The Corporation classifies the held-to-maturity debt securities into the following major security types: state and municipal securities. These securities are highly rated with a history of no credit losses, and are assigned ratings based on the most recent data from ratings agencies depending on the availability of data for the security. Credit ratings of held-to-maturity debt securities, which are a significant input in calculating the expected credit loss, are reviewed on a quarterly basis. Accrued interest receivable on held-to-maturity debt securities is excluded from the estimate of credit losses and is included in Accrued interest receivable on the Consolidated Balance Sheets. Allowance for Credit Losses - Available-for-Sale Debt Securities We follow ASC 326-30, Financial Instruments - Cre dit Loss - Available-for-Sale Debt Securities, which provides guidance related to the recognition of and expanded disclosure requirements for expected credit losses on available-for-sale debt securities. For available-for-sale debt securities in an unrealized loss position, the Corporation first evaluates whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either criteria is met, the security's amortized cost basis is reduced to fair value and recognized as a reduction to Noninterest income in the Consolidated Statements of Income. For debt securities available-for-sale which the Corporation does not intend to sell, or it is not likely the security would be required to be sold before recovery, we evaluate whether a decline in fair value has resulted from credit losses or other adverse factors, such as a change in the security's credit rating. In assessing whether a credit loss exists, the Corporation compares the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance is recorded, limited to the fair value of the security. Management performs this analysis on a quarterly basis to review the conditions and risks associated with the individual securities. Credit losses on an impaired security shall continue to be measured using the present value of expected future cash flows. Any impairment not recorded through an allowance for credit loss is included in other comprehensive income (loss), net of the tax effect. We are required to use our judgment in determining impairment in certain circumstances. For additional detail regarding debt securities, see Note 3. Unfunded Lending Commitments For unfunded lending commitments, the Corporation estimates expected credit losses over the contractual period in which the Corporation is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Corporation. The estimate includes consideration of the probability of default and utilization rate at default to calculate expected credit losses on commitments expected to be funded over its estimated life of one year, based on historical losses, and qualitative adjustment factors. The allowance for credit losses for off-balance sheet exposures is included in Other liabilities on the Consolidated Balance Sheets and the provision for credit losses for off-balance sheet exposure is included in the provision for credit losses on the Consolidated Statements of Income. The allowance for credit losses for off-balance sheet exposures was $1.4 million and $173 thousand as of March 31, 2023 and December 31, 2022, respectively. Pronouncements Adopted in 2023 FASB ASU 2016-13 (Topic 326), “Measurement of Credit Losses on Financial Instruments” The Corporation adopted ASU 2016-13, as amended, on January 1, 2023, which replaced the incurred loss methodology with an expected loss methodology that is referred to as the CECL methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loans, net of fees and costs, securities HTM, unfunded lending commitments (including loan commitments on loans held for investment, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842. In addition, ASC 326 made changes to the accounting for securities AFS which now requires credit losses to be presented as an allowance rather than as an other-than-temporary impairment on securities AFS management does not intend to sell or believes that it is more likely than not they will be required to sell. We applied the modified retrospective method for all financial assets measured at amortized cost and securities AFS. Results for reporting periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Corporation recorded a one-time decrease to retained earnings of $2.2 million on January 1, 2023 for the cumulative effect of adopting ASC 326, net of tax. The transition adjustment includes $1.2 million and $974 thousand post-tax impacts for loans, net of fees and costs and unfunded loan commitments, respectively, due to higher expected credit losses compared to the incurred loss methodology primarily driven by longer duration commercial and consumer real estate loans. The impact of the change from the incurred loss model to the current expected credit loss model is detailed below. January 1, 2023 (dollars in thousands) Pre-adoption Adoption Impact As Reported Assets: ACL on loans and leases: Commercial mortgage $ 4,095 $ (526) $ 3,569 Home equity lines and loans 188 439 627 Residential mortgage 948 17 965 Construction 3,075 (1,763) 1,312 Commercial and industrial 4,012 (1,023) 2,989 Small business loans 4,909 1,110 6,019 Consumer 3 (3) — Leases, net 1,598 3,345 4,943 Total ACL on loans and leases $ 18,828 $ 1,596 $ 20,424 Liabilities: Reserve for unfunded commitments $ 173 $ 1,256 $ 1,429 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. The Corporation adopted ASU 2019-04 at the same time ASU 2016-13 was adopted. FASB ASU 2022-02, "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." In March 2022, the FASB issued ASU No. 2022-02, "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted CECL and enhance the disclosure requirements for modifications of receivables made with borrowers experiencing financial difficulty. In addition, the amendments require disclosure of current period gross write-offs by year of origination for financing receivables and net investment in leases in the existing vintage disclosures. The Corporation adopted ASU 2022-02 at the same time ASU 2016-13 was adopted, as of January 1, 2023. The adoption of this ASU resulted in updated disclosures within our financial statements but otherwise did not have a material impact on the Corporation's financial statements. Pronouncements Not Yet Effective as of March 31, 2023: 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 Corporation expects to adopt the LIBOR transition relief allowed under this standard. 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.

Earnings per Common Share

Earnings per Common Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings per Common Share	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, and SERP plan liabilities were satisfied with common shares. 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 (dollars in thousands, except per share data) 2023 2022 Numerator for earnings per share: Net income available to common stockholders $ 4,021 $ 5,535 Denominators for earnings per share: Weighted average shares outstanding 11,456 12,256 Average unearned ESOP shares (184) (210) Basic weighted averages shares outstanding 11,272 12,046 Dilutive effects of assumed exercises of stock options 230 346 Dilutive effects of SERP shares 154 132 Diluted weighted averages shares outstanding 11,656 12,524 Basic earnings per share $ 0.36 $ 0.46 Diluted earnings per share $ 0.34 $ 0.44 Antidilutive shares excluded from computation of average dilutive earnings per share 463 42

Securities

Securities	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The following tables presents the amortized cost, allowance for credit losses, and fair value of securities at the dates indicated: March 31, 2023 (dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair # of Securities Securities available-for-sale: U.S. asset backed securities $ 17,676 $ 166 $ (250) $ — $ 17,592 14 U.S. government agency MBS 12,192 12 (467) — 11,737 10 U.S. government agency CMO 27,059 66 (2,003) — 25,122 30 State and municipal securities 44,514 11 (4,732) — 39,793 32 U.S. Treasuries 32,981 — (2,917) — 30,064 25 Non-U.S. government agency CMO 11,808 7 (706) — 11,109 12 Corporate bonds 8,201 — (685) — 7,516 12 Total securities available-for-sale $ 154,431 $ 262 $ (11,760) $ — $ 142,933 135 Securities held-to-maturity: State and municipal securities $ 36,525 $ 11 $ (3,460) $ — $ 33,076 22 Total securities held-to-maturity $ 36,525 $ 11 $ (3,460) $ — $ 33,076 22 December 31, 2022 (dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 15,581 $ 14 $ (314) $ 15,281 12 U.S. government agency MBS 12,272 5 (538) 11,739 12 U.S. government agency CMO 25,520 40 (2,242) 23,318 29 State and municipal securities 44,700 — (5,862) 38,838 34 U.S. Treasuries 32,980 — (3,457) 29,523 25 Non-U.S. government agency CMO 9,722 — (633) 9,089 11 Corporate bonds 8,201 — (643) 7,558 12 Total securities available-for-sale $ 148,976 $ 59 $ (13,689) $ 135,346 135 Securities held-to-maturity: State and municipal securities $ 37,479 $ — $ (4,394) $ 33,085 25 Total securities held-to-maturity $ 37,479 $ — $ (4,394) $ 33,085 25 Although the Corporation’s investment portfolio overall is in a net unrealized loss position at March 31, 2023, the temporary impairment in the above noted securities is primarily the result of changes in market interest rates subsequent to purchase 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. During the quarter-ended March 31, 2022, $27.7 million of municipal securities, previously classified as available-for-sale on the balance sheet, were transferred to the held-to-maturity portfolio at fair value. After transfer, $1.3 million of unrealized losses remain in accumulated other comprehensive income. No gain or loss was recognized as a result of the transfer. 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 the dates indicated: March 31, 2023 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Securities available-for-sale: U.S. asset backed securities $ 3,658 $ (29) $ 7,244 $ (221) $ 10,902 $ (250) U.S. government agency MBS 20 (1) 8,417 (466) 8,437 (467) U.S. government agency CMO 4,004 (173) 16,274 (1,830) 20,278 (2,003) State and municipal securities 1,056 (6) 35,911 (4,726) 36,967 (4,732) U.S. Treasuries — — 30,064 (2,917) 30,064 (2,917) Non-U.S. government agency CMO 6,207 (126) 4,132 (580) 10,339 (706) Corporate bonds 2,086 (163) 4,428 (522) 6,514 (685) Total securities available-for-sale $ 17,031 $ (498) $ 106,470 $ (11,262) $ 123,501 $ (11,760) Securities held-to-maturity: State and municipal securities $ 4,723 $ (43) $ 25,836 $ (3,417) $ 30,559 $ (3,460) Total securities held-to-maturity $ 4,723 $ (43) $ 25,836 $ (3,417) $ 30,559 $ (3,460) December 31, 2022 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Securities available-for-sale: U.S. asset backed securities $ 6,531 $ (80) $ 4,863 $ (234) $ 11,394 $ (314) U.S. government agency MBS 6,022 (230) 4,637 (308) 10,659 (538) U.S. government agency CMO 9,859 (821) 9,549 (1,421) 19,408 (2,242) State and municipal securities 7,487 (726) 31,351 (5,136) 38,838 (5,862) U.S. Treasuries 1,902 (97) 27,622 (3,360) 29,524 (3,457) Non-U.S. government agency CMO 8,423 (464) 666 (169) 9,089 (633) Corporate bonds 5,019 (431) 1,538 (212) 6,557 (643) Total securities available-for-sale $ 45,243 $ (2,849) $ 80,226 $ (10,840) $ 125,469 $ (13,689) Securities held-to-maturity: State and municipal securities $ 10,130 $ (364) $ 22,543 $ (4,030) $ 32,673 $ (4,394) Total securities held-to-maturity $ 10,130 $ (364) $ 22,543 $ (4,030) $ 32,673 $ (4,394) The amortized cost and carrying value of securities are shown below by contractual maturities at the dates indicated. 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. March 31, 2023 December 31, 2022 Available-for-sale Held-to-maturity Available-for-sale Held-to-maturity (dollars in thousands) Amortized Fair Amortized Fair Amortized Fair Amortized Fair Due in one year or less $ — $ — $ — $ — $ — $ — $ — $ — Due after one year through five years 23,767 21,921 3,389 3,365 18,865 17,289 4,275 4,238 Due after five years through ten years 27,799 25,624 3,941 3,507 28,647 25,459 2,998 2,683 Due after ten years 51,806 47,419 29,195 26,204 53,950 48,453 30,206 26,164 Subtotal 103,372 94,964 36,525 33,076 101,462 91,201 37,479 33,085 Mortgage-related securities 51,059 47,969 — — 47,514 44,145 — — Total $ 154,431 $ 142,933 $ 36,525 $ 33,076 $ 148,976 $ 135,346 $ 37,479 $ 33,085 The following table presents the gross gain on sale of investment securities available for sale on the dates indicated: Three months ended (dollars in thousands) 2023 2022 Gross gain on sale of available for sale investments $ — $ 314 Gross loss on sale of available for sale investments — — Pledged Securities As of March 31, 2023 and December 31, 2022, securities having a fair value of $110.0 million and $78.4 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. ACL on Securities AFS and HTM We use credit ratings quarterly and the most recent financial information of securities' issuers annually to help evaluate the credit quality of our securities AFS and HTM portfolios on a quarterly basis. The securities portfolio consists primarily of U.S. government treasuries and U.S. government agency asset backed securities which have no probability of default. The remaining portfolio consists of highly rated municipal bonds, non-agency CMO, and corporate bonds that have a low probability of default.

Loans and Other Finance Receiva

Loans and Other Finance Receivables	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loans and Other Finance Receivables	Loans and Other Finance Receivables The following table presents loans and other finance receivables, net of fees and costs detailed by category at the dates indicated: (dollars in thousands) March 31, December 31, Real estate loans: Commercial mortgage $ 617,063 $ 565,400 Home equity lines and loans 62,050 59,399 Residential mortgage 238,831 221,837 Construction 267,388 271,955 Total real estate loans 1,185,332 1,118,591 Commercial and industrial 331,082 341,378 Small business loans 148,570 136,155 Consumer 387 488 Leases, net 151,057 138,986 Total loans $ 1,816,428 $ 1,735,598 Balances included in loans, net of fees and costs: Residential mortgage real estate loans accounted under fair value option, at fair value $ 14,434 $ 14,502 Residential mortgage real estate loans accounted under fair value option, at amortized cost 16,745 16,930 Unearned lease income included in leases, net (26,352) (25,715) Unamortized net deferred loan origination costs 1,761 8,084 Fair Value Option for Residential Mortgage Real Estate Loans Residential mortgage real estate loans that were originated by the Corporation and intended for sale in the secondary market to permanent investors, but were either repurchased or unsalable due to defect, and that the Corporation has the ability and intent to hold for the foreseeable future or until maturity or payoff are carried at fair value pursuant to the Corporation's election of the fair value option for these loans. The remaining loans, net of fees and costs are stated at their outstanding unpaid principal balances, net of deferred fees or costs, since the original intent for these loans was to hold them until payoff or maturity. Nonaccrual and Past Due Loans, Net of Fees and Costs The following tables present an aging of the Corporation’s loans at the dates indicated: March 31, 2023 (dollars in thousands) 30-89 days past due 90+ days past due and still accruing Total past due Current Total Accruing Loans and leases Nonaccrual loans and leases Total loans % Delinquent Commercial mortgage $ — $ — $ — $ 617,063 $ 617,063 $ — $ 617,063 — % Home equity lines and loans 159 — 159 60,906 61,065 985 62,050 1.84 Residential mortgage (1) 1,558 — 1,558 235,204 236,762 2,069 238,831 1.52 Construction 3,418 — 3,418 262,764 266,182 1,206 267,388 1.73 Commercial and industrial 99 — 99 317,767 317,866 13,216 331,082 4.02 Small business loans 2,532 — 2,532 140,759 143,291 5,279 148,570 5.26 Consumer — — — 387 387 — 387 — Leases, net 1,190 — 1,190 149,500 150,690 367 151,057 1.03 % Total $ 8,956 $ — $ 8,956 $ 1,784,350 $ 1,793,306 $ 23,122 $ 1,816,428 1.77 % (1) Includes $14,434 of loans at fair value of which $13,418 are current, $456 are 30-89 days past due and $560 are nonaccrual. December 31, 2022 (dollars in thousands) 30-89 days past due 90+ days past due and still accruing Total past due Current Total Accruing Loans and leases Nonaccrual loans and leases Total loans % Delinquent Commercial mortgage $ — $ — $ — $ 565,260 $ 565,260 $ 140 $ 565,400 0.02 % Home equity lines and loans 146 — 146 58,156 58,302 1,097 59,399 2.09 Residential mortgage (1) 4,262 — 4,262 215,490 219,752 2,085 221,837 2.86 Construction 1,206 — 1,206 270,749 271,955 — 271,955 0.44 Commercial and industrial 101 — 101 328,730 328,831 12,547 341,378 3.70 Small business loans 939 — 939 130,751 131,690 4,465 136,155 3.97 Consumer — — — 488 488 — 488 — Leases, net 1,173 — 1,173 136,911 138,084 902 138,986 1.49 % Total $ 7,827 $ — $ 7,827 $ 1,706,535 $ 1,714,362 $ 21,236 $ 1,735,598 1.67 % (1) Includes $14,502 of loans at fair value of which $13,760 are current, $184 are 30-89 days past due and $558 are nonaccrual. Foreclosed and Repossessed Assets At March 31, 2023, there were no consumer mortgage loans secured by residential real estate properties (included in loans, net of fees and costs on the Consolidated Balance Sheets) for which formal foreclosure proceedings were in process. Risks and Uncertainties We have no particular credit concentration. Our commercial loans have been proactively managed in an effort to achieve a balanced portfolio with no unusual exposure to one industry. Additionally, most of our lending activity occurs within our primary market areas which are concentrated in southeastern Pennsylvania, Delaware, and Maryland as well as other contiguous markets and represents a geographic concentration. Additionally, our loan portfolio is concentrated in commercial loans. Commercial loans are generally viewed as having more inherent risk of default than residential real estate loans or other consumer loans. Also, the commercial loan balance per borrower is typically larger than that for residential real estate loans and consumer loans, implying higher potential losses on an individual loan basis. Past Due and Nonaccrual Status The following table presents the amortized costs basis of loans and leases on nonaccrual status and loans 90 days or more past due and still accruing, net of fees and costs as of March 31, 2023: March 31, 2023 (dollars in thousands) Nonaccrual Without ACL Nonaccrual With ACL Total Nonaccrual Real estate loans: Home equity lines and loans $ 985 $ — $ 985 Residential mortgage 1,440 629 2,069 Construction — 1,206 1,206 Total real estate loans 2,425 1,835 4,260 Commercial and industrial 6 13,210 13,216 Small business loans 734 4,545 5,279 Leases, net — 367 367 Total $ 3,165 $ 19,957 $ 23,122 Collateral-dependent Loans The following table presents the amortized cost basis of non-accruing collateral-dependent loans by class or loans as of March 31, 2023 under the current expected credit loss model: March 31, 2023 (dollars in thousands) Real Estate Equipment and Other Total Home equity lines and loans $ 985 $ — $ 985 Residential mortgage 2,069 — 2,069 Construction 1,206 — 1,206 Commercial and industrial 1,289 11,927 13,216 Small business loans 3,890 1,389 5,279 Leases, net — 367 367 Total $ 9,439 $ 13,683 $ 23,122

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses The ACL is evaluated on at least a quarterly basis, as losses are estimated to be probable and incurred. The provision for loan and lease losses increase or decrease the ACL, if deemed necessary. Loans deemed to be uncollectible are charged against the Allowance, and subsequent recoveries, if any, are credited to the Allowance. The ACL is maintained at a level considered adequate to provide for losses that are probable and estimable. Management’s periodic evaluation of the adequacy of the ACL 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. Roll-Forward of Allowance by Portfolio Segment The following table provides the activity of our allowance for credit losses for the three months ended March 31, 2023 under the CECL model in accordance with ASC 326 (as adopted on January 1, 2023): Three Months Ended March 31, 2023 (dollars in thousands) Beginning Balance, prior to adoption of ASU No. 2016-13 for CECL Adjustment to initially apply ASU No. 2016-13 for CECL Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,095 $ (526) $ — $ — $ (94) $ 3,475 Home equity lines and loans 188 439 (33) 2 19 615 Residential mortgage 948 17 — — (97) 868 Construction 3,075 (1,763) — — (193) 1,119 Commercial and industrial 4,012 (1,023) — 39 (295) 2,733 Small business loans 4,909 1,110 — — 297 6,316 Consumer 3 (3) — — — — Leases 1,598 3,345 (1,464) 3 1,834 5,316 Total $ 18,828 $ 1,596 $ (1,497) $ 44 $ 1,471 $ 20,442 The following table provides the activity of the allowance for loan and lease losses for the three months ended March 31, 2022 under the incurred loss model: Three Months Ended March 31, 2022 (dollars in thousands) Beginning Balance Charge-offs Recoveries Provision (Reversal) Ending Balance Commercial mortgage $ 4,950 $ — $ — $ (800) $ 4,150 Home equity lines and loans 224 — 6 (22) 208 Residential mortgage 283 — 2 72 357 Construction 2,042 — — 215 2,257 Commercial and industrial 6,533 — 11 825 7,369 Small business loans 3,737 — — (365) 3,372 Consumer 3 — — — 3 Leases 986 (566) — 690 1,110 Total $ 18,758 $ (566) $ 19 $ 615 $ 18,826 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 at the dates indicated: March 31, 2023 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually Collectively Total Individually Collectively Total Commercial mortgage $ — $ 3,475 $ 3,475 $ 2,263 $ 614,800 $ 617,063 Home equity lines and loans — 615 615 985 61,065 62,050 Residential mortgage — 868 868 1,440 222,957 224,397 Construction — 1,119 1,119 1,206 266,182 267,388 Commercial and industrial 903 1,830 2,733 13,233 317,849 331,082 Small business loans 1,555 4,761 6,316 5,324 143,246 148,570 Consumer — — — — 387 387 Leases, net — 5,316 5,316 367 150,690 151,057 Total (1) $ 2,458 $ 17,984 $ 20,442 $ 24,818 $ 1,777,176 $ 1,801,994 (1) Excludes deferred fees and loans carried at fair value. The following table details the pre-CECL 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 at the dates indicated: December 31, 2022 Allowance on loans and leases Carrying value of loans and leases (dollars in thousands) Individually Collectively Total Individually Collectively Total Commercial mortgage $ — $ 4,095 $ 4,095 $ 2,445 $ 562,955 $ 565,400 Home equity lines and loans — 188 188 1,097 58,302 59,399 Residential mortgage — 948 948 1,454 205,881 207,335 Construction — 3,075 3,075 1,206 270,749 271,955 Commercial and industrial 776 3,236 4,012 12,547 328,831 341,378 Small business loans 1,449 3,460 4,909 4,527 131,628 136,155 Consumer — 3 3 — 488 488 Leases, net — 1,598 1,598 902 138,084 138,986 Total (1) $ 2,225 $ 16,603 $ 18,828 $ 24,178 $ 1,696,918 $ 1,721,096 (1) Excludes deferred fees and loans carried at fair value. Credit Quality Indicators As part of the process of determining the ACL 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 credit losses at the dates indicated: March 31, 2023 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans 2023 2022 2021 2020 2019 Prior Commercial mortgage Pass/Watch $ 24,466 $ 128,528 $ 140,094 $ 99,498 $ 54,655 $ 143,017 $ 511 $ 378 $ 591,147 Special Mention — 4,749 — — 5,872 10,893 — — 21,514 Substandard — — — — 1,675 2,394 — 333 4,402 Total $ 24,466 $ 133,277 $ 140,094 $ 99,498 $ 62,202 $ 156,304 $ 511 $ 711 $ 617,063 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 8,301 $ 92,502 $ 66,901 $ 47,378 $ 4,739 $ 2,493 $ — $ 26,126 $ 248,440 Special Mention — — 67 — 4,449 13,226 — — 17,742 Substandard — — — — — 1,206 — — 1,206 Total $ 8,301 $ 92,502 $ 66,968 $ 47,378 $ 9,188 $ 16,925 $ — $ 26,126 $ 267,388 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 8,954 $ 51,139 $ 38,432 $ 10,429 $ 14,175 $ 46,074 $ 9,981 $ 110,982 $ 290,166 Special Mention — 4,724 — — — 2,689 — 1,578 8,991 Substandard — — 3,636 933 300 8,827 — 18,229 31,925 Total $ 8,954 $ 55,863 $ 42,068 $ 11,362 $ 14,475 $ 57,590 $ 9,981 $ 130,789 $ 331,082 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Small business loans Pass/Watch $ 15,999 $ 38,100 $ 50,952 $ 16,419 $ 5,979 $ 1,405 $ 2,638 $ 11,799 $ 143,291 Special Mention — — — — — — — — — Substandard — — 2,489 890 912 — — 988 5,279 Total $ 15,999 $ 38,100 $ 53,441 $ 17,309 $ 6,891 $ 1,405 $ 2,638 $ 12,787 $ 148,570 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total by risk rating Pass/Watch $ 57,720 $ 310,269 $ 296,379 $ 173,724 $ 79,548 $ 192,989 $ 13,130 $ 149,285 $ 1,273,044 Special Mention — 9,473 67 — 10,321 26,808 — 1,578 48,247 Substandard — — 6,125 1,823 2,887 12,427 — 19,550 42,812 Doubtful — — — — — — — — — Total $ 57,720 $ 319,742 $ 302,571 $ 175,547 $ 92,756 $ 232,224 $ 13,130 $ 170,413 $ 1,364,103 Total current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at March 31, 2023. 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 at the dates indicated: March 31, 2023 Revolving Loans Total Term Loans 2023 2022 2021 2020 2019 Prior Home equity lines and loans Performing $ — $ 816 $ 402 $ 371 $ 2,374 $ 2,514 $ 54,588 $ 61,065 Nonperforming — — — — — — 985 985 Total $ — $ 816 $ 402 $ 371 $ 2,374 $ 2,514 $ 55,573 $ 62,050 Current period gross charge-offs $ — $ — $ — $ — $ — $ (33) $ — $ (33) Residential mortgage (1) Performing $ 18,023 $ 159,453 $ 24,365 $ 7,228 $ 466 $ 13,353 $ — $ 222,888 Nonperforming — — — 316 — 1,193 — 1,509 Total $ 18,023 $ 159,453 $ 24,365 $ 7,544 $ 466 $ 14,546 $ — $ 224,397 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ 45 $ — $ — $ 43 $ 256 $ 43 $ 387 Nonperforming — — — — — — — — Total $ — $ 45 $ — $ — $ 43 $ 256 $ 43 $ 387 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Leases, net Performing $ 16,610 $ 74,726 $ 44,180 $ 15,174 $ — $ — $ — $ 150,690 Nonperforming — 198 152 17 — — — 367 Total $ 16,610 $ 74,924 $ 44,332 $ 15,191 $ — $ — $ — $ 151,057 Current period gross charge-offs $ — $ (561) $ (881) $ (22) $ — $ — $ — $ (1,464) Total by Payment Performance Performing $ 34,633 $ 235,040 $ 68,947 $ 22,773 $ 2,883 $ 16,123 $ 54,631 $ 435,030 Nonperforming — 198 152 333 — 1,193 985 2,861 Total $ 34,633 $ 235,238 $ 69,099 $ 23,106 $ 2,883 $ 17,316 $ 55,616 $ 437,891 Total current period gross charge-offs $ — $ (561) $ (881) $ (22) $ — $ (33) $ — $ (1,497) (1) Excludes $14,434 of loans at fair value. Commercial and industrial loans classified as substandard totaled $31.9 million as of March 31, 2023, a decrease of $7.4 million, from $39.3 million as of December 31, 2022. The majority of commercial and industrial substandard loans is comprised of 14 different loan relationships with no specific industry concentration and an $11.0 million commercial loan relationship in the advertising industry that became a non-performing loan relationship late in 2021. December 31, 2022 (dollars in thousands) Pass Special Substandard Doubtful Total Commercial mortgage $ 536,705 $ 25,309 $ 3,386 $ — $ 565,400 Home equity lines and loans 57,822 — 1,577 — 59,399 Construction 260,085 11,870 — — 271,955 Commercial and industrial 295,502 6,587 39,289 — 341,378 Small business loans 131,690 — 4,465 — 136,155 Total $ 1,281,804 $ 43,766 $ 48,717 $ — $ 1,374,287 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 at the dates indicated: December 31, 2022 (dollars in thousands) Performing Non- Total Residential mortgage (1) $ 205,881 $ 1,454 $ 207,335 Consumer 488 — 488 Leases, net 138,084 902 138,986 Total $ 344,453 $ 2,356 $ 346,809 (1) There were four nonperforming residential mortgage loans at March 31, 2023 and four nonperforming residential mortgage loans at December 31, 2022 with a combined outstanding principal balance of $560 thousand and $558 thousand, respectively, which were carried at fair value and not included in the table above. Individually Evaluated Loans The following tables detail the recorded investment and principal balance of individually evaluated loans by portfolio segment, their related Allowance and interest income recognized at the dates indicated. The following tables detail the pre-CECL recorded investment and principal balance of individually evaluated loans by portfolio segment, their related Allowance and interest income recognized at the dates indicated. March 31, 2023 December 31, 2022 (dollars in thousands) Recorded Principal Related Recorded Principal Related Individually evaluated loans with related allowance: Commercial and industrial $ 10,986 $ 12,319 $ 903 $ 11,099 $ 12,095 $ 776 Small business loans 4,544 4,584 1,555 3,730 3,730 1,449 Total $ 15,530 $ 16,903 $ 2,458 $ 14,829 $ 15,825 $ 2,225 Individually evaluated loans without related allowance: Commercial mortgage $ 2,263 $ 2,263 $ — $ 2,445 $ 2,456 $ — Commercial and industrial 2,247 2,277 — 1,448 1,494 — Small business loans 780 780 — 797 797 — Home equity lines and loans 985 987 — 1,097 1,097 — Residential mortgage 1,440 1,440 — 1,454 1,454 — Construction 1,206 1,206 — 1,206 1,206 — Leases 367 367 — 902 902 — Total $ 9,288 $ 9,320 $ — $ 9,349 $ 9,406 $ — Grand Total $ 24,818 $ 26,223 $ 2,458 $ 24,178 $ 25,231 $ 2,225 The following table details the average recorded investment and interest income recognized on individually evaluated loans by portfolio segment. Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 (dollars in thousands) Average Interest Average Interest Individually evaluated loans with related allowance: Commercial and industrial $ 10,917 $ — $ 16,487 $ — Small business loans 4,584 — 666 — Total $ 15,501 $ — $ 17,153 $ — Individually evaluated loans without related allowance: Commercial mortgage 2,311 58 3,547 19 Commercial and industrial 2,170 — 454 — Small business loans 796 2 117 3 Home equity lines and loans 998 — 1,002 — Residential mortgage 1,445 30 1,796 2 Construction 1,032 — 1,206 15 Leases 423 — — — Total $ 9,175 $ 90 $ 8,122 $ 39 Grand Total $ 24,676 $ 90 $ 25,275 $ 39 Troubled Debt Restructuring As result of the adoption of guidance related to CECL effective as of January 1, 2023, the Corporation had no reportable balances related to TDRs as of and for the three months ended March 31, 2023. See Note 1 “Summary of Significant Accounting Policies” for additional information. The following table presents information about TDRs at the dates indicated: (dollars in thousands) December 31, TDRs included in nonperforming loans and leases $ 207 TDRs in compliance with modified terms 3,573 Total TDRs $ 3,780 There was 1 new modification on a commercial mortgage for $684 thousand for the year ended December 31, 2022. Total TDRs declined year-over-year, despite the new modification in 2022, as two TDRs from prior to 2021 totaling $563 thousand paid off in 2022. No modifications granted during the twelve months ended December 31, 2022 subsequently defaulted during the same time period. Modifications to Debtors Experiencing Financial Difficulty An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ACL on loans and leases, a change to the allowance for credit losses is generally not recorded upon modification. However, when principal forgiveness is provided, the amortized cost basis of the asset is written off against the ACL on loans and leases. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. In some cases, the Corporation will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. When a combination of at least two different types of concessions are granted within the same reporting period on a loan, that loan is only reported once and classified as a combination of as a combination of 2 or more types of modifications.

Short-Term Borrowings and Long

Short-Term Borrowings and Long -Term Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Short-Term Borrowings and Long-Term Debt	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 FHLB or other correspondent banks. The Corporation has two unsecured Federal funds borrowing facilities with correspondent banks: one of $24 million and one of $15 million. Federal funds purchased generally represent one-day borrowings. The Corporation had $0 in Federal funds purchased at March 31, 2023 and December 31, 2022. The Corporation also has a facility with the Federal Reserve Bank discount window of $5.6 million. This facility is fully secured by investment securities. There were no borrowings under this at March 31, 2023 and December 31, 2022. Additionally, the Corporation has a facility with the Federal Reserve’s BTFP of $33 million. This facility was created by the Federal Reserve in March 2023 and is fully secured by United States Treasury Bonds. There were $33 million in borrowings under this facility at March 31, 2023. The following table presents short-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest March 31, December 31, FHLB Open Repo Plus Weekly 06/05/2023 5.15% - 3.11% $ 173,102 $ 113,147 FHLB Mid-term Repo Fixed 06/20/2023 5.29% 15,413 — FRB BTFP Advances 03/29/2024 4.76% 33,000 — Total Short-Term Borrowings $ 221,515 $ 113,147 The following table presents long-term borrowings at the dates indicated: Maturity Interest March 31, December 31, FHLB Mid-term Repo Fixed 12/22/2025 4.23% $ 8,935 $ 8,935 FHLB Mid-term Repo Fixed 9/30/2024 4.60% 3,433 — Total Long-Term Borrowings $ 12,368 $ 8,935 The FHLB has also issued $79.7 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 the remainder of 2023. The Corporation has a maximum borrowing capacity with the FHLB of $558.2 million as of March 31, 2023 and $505.4 million as of December 31, 2022. 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	3 Months Ended
	Mar. 31, 2023
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets The Corporation sells certain residential mortgage loans and the guaranteed portion of certain 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. Residential Mortgage Loans The related MSR asset is amortized over the period of the estimated future net servicing life of the underlying assets. MSRs 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 $1.0 billion of residential mortgage loans as of March 31, 2023 and December 31, 2022. During the three months ended March 31, 2023, the Corporation recognized servicing fee income of $636 thousand compared to $648 thousand during the three months ended March 31, 2022. Changes in the MSR balance are summarized as follows: Three months ended (dollars in thousands) 2023 2022 Balance at beginning of the period $ 9,942 $ 10,756 Servicing rights capitalized — 532 Amortization of servicing rights (371) (404) Change in valuation allowance 2 4 Balance at end of the period $ 9,573 $ 10,888 Activity in the valuation allowance for MSRs was as follows: Three months ended (dollars in thousands) 2023 2022 Valuation allowance, beginning of period $ (2) $ (8) Recovery 2 4 Valuation allowance, end of period $ — $ (4) 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 March 31, 2023, the key assumptions used to determine the fair value of the Corporation’s MSRs included a lifetime constant prepayment rate equal to 5.97% and a discount rate equal to 9.50%. At December 31, 2022, the key assumptions used to determine the fair value of the Corporation’s MSRs included a lifetime constant prepayment rate equal to 8.05% and a discount rate equal to 9.50%. Due in part to market volatility as interest rates increased, the prepayment speed assumption has decreased from December 31, 2022 to March 31, 2023. As interest rates have started to increase and the number of mortgage refinancings have started to decline, model inputs have been adjusted to align the MSRs fair value with market conditions. 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) March 31, December 31, Fair value of residential mortgage servicing rights $ 12,114 $ 11,567 Weighted average life (months) 25 22 Prepayment speed 5.97 % 8.05 % Impact on fair value: 10% adverse change $ (520) $ (268) 20% adverse change (994) (525) Discount rate 9.50 % 9.50 % Impact on fair value: 10% adverse change $ (457) $ (404) 20% adverse change (921) (777) 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 articular 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 Loans 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 $171.6 million and $166.1 million of SBA loans, as of March 31, 2023 and December 31, 2022, respectively. Changes in the SBA loan servicing asset balance are summarized as follows: Three months ended (dollars in thousands) 2023 2022 Balance at beginning of the period $ 2,404 $ 2,009 Servicing rights capitalized 214 593 Amortization of servicing rights (195) (125) Change in valuation allowance 129 31 Balance at end of the period $ 2,552 $ 2,508 Activity in the valuation allowance for SBA loan servicing assets was as follows: Three months ended (dollars in thousands) 2023 2022 Valuation allowance, beginning of period $ (364) $ (96) Recovery 129 31 Valuation allowance, end of period $ (235) $ (65) 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 March 31, 2023, 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 12.51% and a discount rate equal to 16.09%. At December 31, 2022, 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 18.96%. 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) March 31, December 31, Fair value of SBA loan servicing rights $ 2,712 $ 2,422 Weighted average life (years) 3.8 3.8 Prepayment speed 12.51 % 12.73 % Impact on fair value: 10% adverse change $ (86) $ (73) 20% adverse change (166) (141) Discount rate 16.09 % 18.96 % Impact on fair value: 10% adverse change $ (62) $ (53) 20% adverse change (122) (104) 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	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	Fair Value Measurements and DisclosuresThe 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. The following table presents the fair value of financial assets measured at fair value on a recurring basis by level within the fair value hierarchy at the dates indicated : March 31, 2023 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 17,592 $ — $ 17,592 $ — U.S. government agency MBS 11,737 — 11,737 — U.S. government agency CMO 25,122 — 25,122 — State and municipal securities 39,793 — 39,793 — U.S. Treasuries 30,064 30,064 — — Non-U.S. government agency CMO 11,109 — 11,109 Corporate bonds 7,516 — 7,516 — March 31, 2023 (dollars in thousands) Total Level 1 Level 2 Level 3 Equity investments 2,110 — 2,110 — Mortgage loans held for sale 35,701 — 35,701 — Mortgage loans held for investment 14,434 — 14,434 — Interest rate lock commitments 139 — — 139 Customer derivatives - interest rate swaps 3,178 — 3,178 — Total $ 198,495 $ 30,064 $ 168,292 $ 139 Liabilities Interest rate lock commitments $ 168 $ — $ — $ 168 Customer derivatives - interest rate swaps 3,159 — 3,159 — Risk Participation Agreements 21 — 21 — Total $ 3,348 $ — $ 3,180 $ 168 December 31, 2022 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 15,281 $ — $ 15,281 $ — U.S. government agency MBS 11,739 — 11,739 — U.S. government agency CMO 23,318 — 23,318 — State and municipal securities 38,838 — 38,838 — U.S. Treasuries 29,523 29,523 — — Non-U.S. government agency CMO 9,089 — 9,089 — Corporate bonds 7,558 — 7,558 — Equity investments 2,086 — 2,086 — Mortgage loans held for sale 22,243 — 22,243 — Mortgage loans held for investment 14,502 — 14,502 — Interest rate lock commitments 87 — — 87 Customer derivatives - interest rate swaps 3,846 — 3,846 — Total $ 178,110 $ 29,523 $ 148,500 $ 87 Liabilities Interest rate lock commitments $ 79 $ — $ — $ 79 Customer derivatives - interest rate swaps 3,799 — 3,799 — Risk Participation Agreements 17 — 17 — Total $ 3,895 $ — $ 3,816 $ 79 The following table presents assets measured at fair value on a nonrecurring basis at the dates indicated: (dollars in thousands) March 31, December 31, Mortgage servicing rights $ 9,573 $ 9,942 SBA loan servicing rights 2,552 2,404 Individually evaluated loans (1) Small business loans 2,989 2,281 Total $ 15,114 $ 14,627 (1) Individually evaluated loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral. Refer to the following page for further qualitative discussion around individually evaluated loans. The following table details the valuation techniques for Level 3 individually evaluated loans. (dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs March 31, 2023 $ 2,989 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-15% discount December 31, 2022 $ 2,281 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-15% discount 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. Servicing Assets 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. Individually Evaluated Loans Individually evaluated 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. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. Individually evaluated loans are evaluated on a quarterly basis for additional impairment and adjusted in accordance with the Allowance policy. 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. 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. Derivative Financial Instruments The fair value of forward commitments and interest rate swaps is 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. The following table presents the estimated fair values of the Corporation’s financial instruments at the dates indicated: March 31, 2023 December 31, 2022 (dollars in thousands) Fair Value Carrying Fair value Carrying Fair value Financial assets: Cash and cash equivalents Level 1 $ 108,503 $ 108,503 $ 38,391 $ 38,391 Mortgage loans held for sale Level 2 35,701 35,701 22,243 22,243 Loans receivable, net of the allowance for credit losses Level 3 1,803,755 1,761,865 1,729,180 1,679,955 Mortgage loans held for investment Level 2 14,434 14,434 14,502 14,502 Financial liabilities: Deposits Level 2 1,770,413 1,711,600 1,712,479 1,575,600 Borrowings Level 2 233,883 233,883 122,082 122,082 Subordinated debentures Level 2 40,319 40,865 40,346 40,020 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 periods indicated. Three months ended (dollars in thousands) 2023 2022 Balance at beginning of the period $ 87 $ 1,122 Decrease in value 52 (535) Balance at end of the period $ 139 $ 587 The following table details the valuation techniques for Level 3 interest rate lock commitments. (dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs Weighted Average March 31, 2023 $ 139 Market comparable pricing Pull through 0 - 1% 77.34% December 31, 2022 87 Market comparable pricing Pull through 0 - 1 84.05

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	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 may enter 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. 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 consolidated statements of income. Due to the volatile rate environment, the Corporation was locking rates on a best efforts basis and had no forward commitments at March 31, 2023. 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. 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 notional amounts and fair values of derivative financial instruments at the dates indicated: March 31, 2023 December 31, 2022 (dollars in thousands) Balance Sheet Line Item Notional Asset Notional Asset Interest Rate Lock Commitments Positive fair values Other assets $ 31,591 $ 139 $ 16,590 $ 87 Negative fair values Other liabilities 27,110 (168) 16,108 (79) Total $ 58,701 $ (29) $ 32,698 $ 8 Customer Derivatives - Interest Rate Swaps Positive fair values Other assets $ 43,422 $ 3,178 $ 43,779 $ 3,846 Negative fair values Other liabilities 43,422 (3,159) 43,779 (3,799) Total $ 86,844 $ 19 $ 87,558 $ 47 Risk Participation Agreements Positive fair values Other assets $ — $ — $ — $ — Negative fair values Other liabilities 7,170 (21) 7,200 (17) Total $ 7,170 $ (21) $ 7,200 $ (17) Total derivative financial instruments $ 152,715 $ (31) $ 127,456 $ 38 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 (dollars in thousands) 2023 2022 Interest Rate Lock Commitments $ (37) $ (1,140) Forward Commitments — 940 Customer Derivatives - Interest Rate Swaps (28) 33 Risk Participation Agreements (4) — Net fair value (losses) gains on derivative financial instruments $ (69) $ (167) Net realized gains on derivative hedging activities were $0 million and $2.8 million for the three months ended March 31, 2023 and 2022, respectively, and are included in non-interest income in the consolidated statements of income.

Segments

Segments	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segments	Segments ASC Topic 280 – Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Corporation’s Chief Operating Decision Maker, our 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 available for sale investment securities, service charges on deposit accounts, cash sweep fees, overdraft fees, BOLI income, title insurance fees, and other less significant non-interest income. Meridian Wealth (“Wealth”), a registered investment advisor and wholly-owned subsidiary of the Bank, 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’s mortgage banking segment (“Mortgage”) consists of 13 loan production offices throughout suburban Philadelphia 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 net hedging gains (losses), if any. The table below summarizes income and expenses, directly attributable to each business line, which have been included in the statement of operations. Total assets for each segment is also provided. Segment Information Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 17,627 $ 24 $ 26 $ 17,677 $ 15,610 $ 94 $ 331 $ 16,035 Provision for credit losses 1,399 — — 1,399 615 — — 615 Net interest income after provision 16,228 24 26 16,278 14,995 94 331 15,420 Non-interest Income Mortgage banking income 58 — 3,214 3,272 196 — 6,900 7,096 Wealth management income — 1,196 — 1,196 — 1,304 — 1,304 SBA loan income 713 — — 713 2,520 — — 2,520 Net change in fair values (31) — 78 47 32 — (2,100) (2,068) Net gain on hedging activity — — — — — — 2,827 2,827 Other 689 — 721 1,410 628 (1) 796 1,423 Non-interest income 1,429 1,196 4,013 6,638 3,376 1,303 8,423 13,102 Non-interest expense 10,698 989 6,102 17,789 10,208 878 10,347 21,433 Income (loss) before income taxes $ 6,959 $ 231 $ (2,063) $ 5,127 $ 8,163 $ 519 $ (1,593) $ 7,089 Total Assets $ 2,171,679 $ 8,090 $ 50,014 $ 2,229,783 $ 1,728,329 $ 7,251 $ 96,009 $ 1,831,589

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Standards Update and Change in Accounting Principle	The impact of the change from the incurred loss model to the current expected credit loss model is detailed below. January 1, 2023 (dollars in thousands) Pre-adoption Adoption Impact As Reported Assets: ACL on loans and leases: Commercial mortgage $ 4,095 $ (526) $ 3,569 Home equity lines and loans 188 439 627 Residential mortgage 948 17 965 Construction 3,075 (1,763) 1,312 Commercial and industrial 4,012 (1,023) 2,989 Small business loans 4,909 1,110 6,019 Consumer 3 (3) — Leases, net 1,598 3,345 4,943 Total ACL on loans and leases $ 18,828 $ 1,596 $ 20,424 Liabilities: Reserve for unfunded commitments $ 173 $ 1,256 $ 1,429

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per common share	Three months ended (dollars in thousands, except per share data) 2023 2022 Numerator for earnings per share: Net income available to common stockholders $ 4,021 $ 5,535 Denominators for earnings per share: Weighted average shares outstanding 11,456 12,256 Average unearned ESOP shares (184) (210) Basic weighted averages shares outstanding 11,272 12,046 Dilutive effects of assumed exercises of stock options 230 346 Dilutive effects of SERP shares 154 132 Diluted weighted averages shares outstanding 11,656 12,524 Basic earnings per share $ 0.36 $ 0.46 Diluted earnings per share $ 0.34 $ 0.44 Antidilutive shares excluded from computation of average dilutive earnings per share 463 42

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair value of securities	The following tables presents the amortized cost, allowance for credit losses, and fair value of securities at the dates indicated: March 31, 2023 (dollars in thousands) Amortized Gross Gross Allowance for Credit Losses Fair # of Securities Securities available-for-sale: U.S. asset backed securities $ 17,676 $ 166 $ (250) $ — $ 17,592 14 U.S. government agency MBS 12,192 12 (467) — 11,737 10 U.S. government agency CMO 27,059 66 (2,003) — 25,122 30 State and municipal securities 44,514 11 (4,732) — 39,793 32 U.S. Treasuries 32,981 — (2,917) — 30,064 25 Non-U.S. government agency CMO 11,808 7 (706) — 11,109 12 Corporate bonds 8,201 — (685) — 7,516 12 Total securities available-for-sale $ 154,431 $ 262 $ (11,760) $ — $ 142,933 135 Securities held-to-maturity: State and municipal securities $ 36,525 $ 11 $ (3,460) $ — $ 33,076 22 Total securities held-to-maturity $ 36,525 $ 11 $ (3,460) $ — $ 33,076 22 December 31, 2022 (dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 15,581 $ 14 $ (314) $ 15,281 12 U.S. government agency MBS 12,272 5 (538) 11,739 12 U.S. government agency CMO 25,520 40 (2,242) 23,318 29 State and municipal securities 44,700 — (5,862) 38,838 34 U.S. Treasuries 32,980 — (3,457) 29,523 25 Non-U.S. government agency CMO 9,722 — (633) 9,089 11 Corporate bonds 8,201 — (643) 7,558 12 Total securities available-for-sale $ 148,976 $ 59 $ (13,689) $ 135,346 135 Securities held-to-maturity: State and municipal securities $ 37,479 $ — $ (4,394) $ 33,085 25 Total securities held-to-maturity $ 37,479 $ — $ (4,394) $ 33,085 25
Schedule of investment gross unrealized loss in continuous unrealized loss position	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 the dates indicated: March 31, 2023 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Securities available-for-sale: U.S. asset backed securities $ 3,658 $ (29) $ 7,244 $ (221) $ 10,902 $ (250) U.S. government agency MBS 20 (1) 8,417 (466) 8,437 (467) U.S. government agency CMO 4,004 (173) 16,274 (1,830) 20,278 (2,003) State and municipal securities 1,056 (6) 35,911 (4,726) 36,967 (4,732) U.S. Treasuries — — 30,064 (2,917) 30,064 (2,917) Non-U.S. government agency CMO 6,207 (126) 4,132 (580) 10,339 (706) Corporate bonds 2,086 (163) 4,428 (522) 6,514 (685) Total securities available-for-sale $ 17,031 $ (498) $ 106,470 $ (11,262) $ 123,501 $ (11,760) Securities held-to-maturity: State and municipal securities $ 4,723 $ (43) $ 25,836 $ (3,417) $ 30,559 $ (3,460) Total securities held-to-maturity $ 4,723 $ (43) $ 25,836 $ (3,417) $ 30,559 $ (3,460) December 31, 2022 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Securities available-for-sale: U.S. asset backed securities $ 6,531 $ (80) $ 4,863 $ (234) $ 11,394 $ (314) U.S. government agency MBS 6,022 (230) 4,637 (308) 10,659 (538) U.S. government agency CMO 9,859 (821) 9,549 (1,421) 19,408 (2,242) State and municipal securities 7,487 (726) 31,351 (5,136) 38,838 (5,862) U.S. Treasuries 1,902 (97) 27,622 (3,360) 29,524 (3,457) Non-U.S. government agency CMO 8,423 (464) 666 (169) 9,089 (633) Corporate bonds 5,019 (431) 1,538 (212) 6,557 (643) Total securities available-for-sale $ 45,243 $ (2,849) $ 80,226 $ (10,840) $ 125,469 $ (13,689) Securities held-to-maturity: State and municipal securities $ 10,130 $ (364) $ 22,543 $ (4,030) $ 32,673 $ (4,394) Total securities held-to-maturity $ 10,130 $ (364) $ 22,543 $ (4,030) $ 32,673 $ (4,394)
Schedule of amortized cost and carrying value of held-to-maturity securities and available-for-sale securities by contractual maturity	The amortized cost and carrying value of securities are shown below by contractual maturities at the dates indicated. 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. March 31, 2023 December 31, 2022 Available-for-sale Held-to-maturity Available-for-sale Held-to-maturity (dollars in thousands) Amortized Fair Amortized Fair Amortized Fair Amortized Fair Due in one year or less $ — $ — $ — $ — $ — $ — $ — $ — Due after one year through five years 23,767 21,921 3,389 3,365 18,865 17,289 4,275 4,238 Due after five years through ten years 27,799 25,624 3,941 3,507 28,647 25,459 2,998 2,683 Due after ten years 51,806 47,419 29,195 26,204 53,950 48,453 30,206 26,164 Subtotal 103,372 94,964 36,525 33,076 101,462 91,201 37,479 33,085 Mortgage-related securities 51,059 47,969 — — 47,514 44,145 — — Total $ 154,431 $ 142,933 $ 36,525 $ 33,076 $ 148,976 $ 135,346 $ 37,479 $ 33,085
Gross gain and (loss) on sale of investment securities available for sale	The following table presents the gross gain on sale of investment securities available for sale on the dates indicated: Three months ended (dollars in thousands) 2023 2022 Gross gain on sale of available for sale investments $ — $ 314 Gross loss on sale of available for sale investments — —

Loans and Other Finance Recei_2

Loans and Other Finance Receivables (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Summary of loans and leases outstanding	The following table presents loans and other finance receivables, net of fees and costs detailed by category at the dates indicated: (dollars in thousands) March 31, December 31, Real estate loans: Commercial mortgage $ 617,063 $ 565,400 Home equity lines and loans 62,050 59,399 Residential mortgage 238,831 221,837 Construction 267,388 271,955 Total real estate loans 1,185,332 1,118,591 Commercial and industrial 331,082 341,378 Small business loans 148,570 136,155 Consumer 387 488 Leases, net 151,057 138,986 Total loans $ 1,816,428 $ 1,735,598 Balances included in loans, net of fees and costs: Residential mortgage real estate loans accounted under fair value option, at fair value $ 14,434 $ 14,502 Residential mortgage real estate loans accounted under fair value option, at amortized cost 16,745 16,930 Unearned lease income included in leases, net (26,352) (25,715) Unamortized net deferred loan origination costs 1,761 8,084
Schedule of age analysis of past due loans and leases	The following tables present an aging of the Corporation’s loans at the dates indicated: March 31, 2023 (dollars in thousands) 30-89 days past due 90+ days past due and still accruing Total past due Current Total Accruing Loans and leases Nonaccrual loans and leases Total loans % Delinquent Commercial mortgage $ — $ — $ — $ 617,063 $ 617,063 $ — $ 617,063 — % Home equity lines and loans 159 — 159 60,906 61,065 985 62,050 1.84 Residential mortgage (1) 1,558 — 1,558 235,204 236,762 2,069 238,831 1.52 Construction 3,418 — 3,418 262,764 266,182 1,206 267,388 1.73 Commercial and industrial 99 — 99 317,767 317,866 13,216 331,082 4.02 Small business loans 2,532 — 2,532 140,759 143,291 5,279 148,570 5.26 Consumer — — — 387 387 — 387 — Leases, net 1,190 — 1,190 149,500 150,690 367 151,057 1.03 % Total $ 8,956 $ — $ 8,956 $ 1,784,350 $ 1,793,306 $ 23,122 $ 1,816,428 1.77 % (1) Includes $14,434 of loans at fair value of which $13,418 are current, $456 are 30-89 days past due and $560 are nonaccrual. December 31, 2022 (dollars in thousands) 30-89 days past due 90+ days past due and still accruing Total past due Current Total Accruing Loans and leases Nonaccrual loans and leases Total loans % Delinquent Commercial mortgage $ — $ — $ — $ 565,260 $ 565,260 $ 140 $ 565,400 0.02 % Home equity lines and loans 146 — 146 58,156 58,302 1,097 59,399 2.09 Residential mortgage (1) 4,262 — 4,262 215,490 219,752 2,085 221,837 2.86 Construction 1,206 — 1,206 270,749 271,955 — 271,955 0.44 Commercial and industrial 101 — 101 328,730 328,831 12,547 341,378 3.70 Small business loans 939 — 939 130,751 131,690 4,465 136,155 3.97 Consumer — — — 488 488 — 488 — Leases, net 1,173 — 1,173 136,911 138,084 902 138,986 1.49 % Total $ 7,827 $ — $ 7,827 $ 1,706,535 $ 1,714,362 $ 21,236 $ 1,735,598 1.67 % (1) Includes $14,502 of loans at fair value of which $13,760 are current, $184 are 30-89 days past due and $558 are nonaccrual.
Schedule of financing receivables, nonaccural	The following table presents the amortized costs basis of loans and leases on nonaccrual status and loans 90 days or more past due and still accruing, net of fees and costs as of March 31, 2023: March 31, 2023 (dollars in thousands) Nonaccrual Without ACL Nonaccrual With ACL Total Nonaccrual Real estate loans: Home equity lines and loans $ 985 $ — $ 985 Residential mortgage 1,440 629 2,069 Construction — 1,206 1,206 Total real estate loans 2,425 1,835 4,260 Commercial and industrial 6 13,210 13,216 Small business loans 734 4,545 5,279 Leases, net — 367 367 Total $ 3,165 $ 19,957 $ 23,122
Schedule of non-accruing collateral dependent loans by class or loans	The following table presents the amortized cost basis of non-accruing collateral-dependent loans by class or loans as of March 31, 2023 under the current expected credit loss model: March 31, 2023 (dollars in thousands) Real Estate Equipment and Other Total Home equity lines and loans $ 985 $ — $ 985 Residential mortgage 2,069 — 2,069 Construction 1,206 — 1,206 Commercial and industrial 1,289 11,927 13,216 Small business loans 3,890 1,389 5,279 Leases, net — 367 367 Total $ 9,439 $ 13,683 $ 23,122

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
Schedule of allocation of the allowance for loan and lease losses	The following table provides the activity of our allowance for credit losses for the three months ended March 31, 2023 under the CECL model in accordance with ASC 326 (as adopted on January 1, 2023): Three Months Ended March 31, 2023 (dollars in thousands) Beginning Balance, prior to adoption of ASU No. 2016-13 for CECL Adjustment to initially apply ASU No. 2016-13 for CECL Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,095 $ (526) $ — $ — $ (94) $ 3,475 Home equity lines and loans 188 439 (33) 2 19 615 Residential mortgage 948 17 — — (97) 868 Construction 3,075 (1,763) — — (193) 1,119 Commercial and industrial 4,012 (1,023) — 39 (295) 2,733 Small business loans 4,909 1,110 — — 297 6,316 Consumer 3 (3) — — — — Leases 1,598 3,345 (1,464) 3 1,834 5,316 Total $ 18,828 $ 1,596 $ (1,497) $ 44 $ 1,471 $ 20,442 The following table provides the activity of the allowance for loan and lease losses for the three months ended March 31, 2022 under the incurred loss model: Three Months Ended March 31, 2022 (dollars in thousands) Beginning Balance Charge-offs Recoveries Provision (Reversal) Ending Balance Commercial mortgage $ 4,950 $ — $ — $ (800) $ 4,150 Home equity lines and loans 224 — 6 (22) 208 Residential mortgage 283 — 2 72 357 Construction 2,042 — — 215 2,257 Commercial and industrial 6,533 — 11 825 7,369 Small business loans 3,737 — — (365) 3,372 Consumer 3 — — — 3 Leases 986 (566) — 690 1,110 Total $ 18,758 $ (566) $ 19 $ 615 $ 18,826
Allowance For Credit Losses On Financing Receivables 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 at the dates indicated: March 31, 2023 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually Collectively Total Individually Collectively Total Commercial mortgage $ — $ 3,475 $ 3,475 $ 2,263 $ 614,800 $ 617,063 Home equity lines and loans — 615 615 985 61,065 62,050 Residential mortgage — 868 868 1,440 222,957 224,397 Construction — 1,119 1,119 1,206 266,182 267,388 Commercial and industrial 903 1,830 2,733 13,233 317,849 331,082 Small business loans 1,555 4,761 6,316 5,324 143,246 148,570 Consumer — — — — 387 387 Leases, net — 5,316 5,316 367 150,690 151,057 Total (1) $ 2,458 $ 17,984 $ 20,442 $ 24,818 $ 1,777,176 $ 1,801,994 (1) Excludes deferred fees and loans carried at fair value. The following table details the pre-CECL 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 at the dates indicated: December 31, 2022 Allowance on loans and leases Carrying value of loans and leases (dollars in thousands) Individually Collectively Total Individually Collectively Total Commercial mortgage $ — $ 4,095 $ 4,095 $ 2,445 $ 562,955 $ 565,400 Home equity lines and loans — 188 188 1,097 58,302 59,399 Residential mortgage — 948 948 1,454 205,881 207,335 Construction — 3,075 3,075 1,206 270,749 271,955 Commercial and industrial 776 3,236 4,012 12,547 328,831 341,378 Small business loans 1,449 3,460 4,909 4,527 131,628 136,155 Consumer — 3 3 — 488 488 Leases, net — 1,598 1,598 902 138,084 138,986 Total (1) $ 2,225 $ 16,603 $ 18,828 $ 24,178 $ 1,696,918 $ 1,721,096 (1) Excludes deferred fees and loans carried at fair value.
Schedule of carrying value of loans and leases by portfolio segment based on the credit quality indicators	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 credit losses at the dates indicated: March 31, 2023 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans 2023 2022 2021 2020 2019 Prior Commercial mortgage Pass/Watch $ 24,466 $ 128,528 $ 140,094 $ 99,498 $ 54,655 $ 143,017 $ 511 $ 378 $ 591,147 Special Mention — 4,749 — — 5,872 10,893 — — 21,514 Substandard — — — — 1,675 2,394 — 333 4,402 Total $ 24,466 $ 133,277 $ 140,094 $ 99,498 $ 62,202 $ 156,304 $ 511 $ 711 $ 617,063 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 8,301 $ 92,502 $ 66,901 $ 47,378 $ 4,739 $ 2,493 $ — $ 26,126 $ 248,440 Special Mention — — 67 — 4,449 13,226 — — 17,742 Substandard — — — — — 1,206 — — 1,206 Total $ 8,301 $ 92,502 $ 66,968 $ 47,378 $ 9,188 $ 16,925 $ — $ 26,126 $ 267,388 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 8,954 $ 51,139 $ 38,432 $ 10,429 $ 14,175 $ 46,074 $ 9,981 $ 110,982 $ 290,166 Special Mention — 4,724 — — — 2,689 — 1,578 8,991 Substandard — — 3,636 933 300 8,827 — 18,229 31,925 Total $ 8,954 $ 55,863 $ 42,068 $ 11,362 $ 14,475 $ 57,590 $ 9,981 $ 130,789 $ 331,082 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Small business loans Pass/Watch $ 15,999 $ 38,100 $ 50,952 $ 16,419 $ 5,979 $ 1,405 $ 2,638 $ 11,799 $ 143,291 Special Mention — — — — — — — — — Substandard — — 2,489 890 912 — — 988 5,279 Total $ 15,999 $ 38,100 $ 53,441 $ 17,309 $ 6,891 $ 1,405 $ 2,638 $ 12,787 $ 148,570 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total by risk rating Pass/Watch $ 57,720 $ 310,269 $ 296,379 $ 173,724 $ 79,548 $ 192,989 $ 13,130 $ 149,285 $ 1,273,044 Special Mention — 9,473 67 — 10,321 26,808 — 1,578 48,247 Substandard — — 6,125 1,823 2,887 12,427 — 19,550 42,812 Doubtful — — — — — — — — — Total $ 57,720 $ 319,742 $ 302,571 $ 175,547 $ 92,756 $ 232,224 $ 13,130 $ 170,413 $ 1,364,103 Total current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at March 31, 2023. 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 at the dates indicated: March 31, 2023 Revolving Loans Total Term Loans 2023 2022 2021 2020 2019 Prior Home equity lines and loans Performing $ — $ 816 $ 402 $ 371 $ 2,374 $ 2,514 $ 54,588 $ 61,065 Nonperforming — — — — — — 985 985 Total $ — $ 816 $ 402 $ 371 $ 2,374 $ 2,514 $ 55,573 $ 62,050 Current period gross charge-offs $ — $ — $ — $ — $ — $ (33) $ — $ (33) Residential mortgage (1) Performing $ 18,023 $ 159,453 $ 24,365 $ 7,228 $ 466 $ 13,353 $ — $ 222,888 Nonperforming — — — 316 — 1,193 — 1,509 Total $ 18,023 $ 159,453 $ 24,365 $ 7,544 $ 466 $ 14,546 $ — $ 224,397 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ 45 $ — $ — $ 43 $ 256 $ 43 $ 387 Nonperforming — — — — — — — — Total $ — $ 45 $ — $ — $ 43 $ 256 $ 43 $ 387 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Leases, net Performing $ 16,610 $ 74,726 $ 44,180 $ 15,174 $ — $ — $ — $ 150,690 Nonperforming — 198 152 17 — — — 367 Total $ 16,610 $ 74,924 $ 44,332 $ 15,191 $ — $ — $ — $ 151,057 Current period gross charge-offs $ — $ (561) $ (881) $ (22) $ — $ — $ — $ (1,464) Total by Payment Performance Performing $ 34,633 $ 235,040 $ 68,947 $ 22,773 $ 2,883 $ 16,123 $ 54,631 $ 435,030 Nonperforming — 198 152 333 — 1,193 985 2,861 Total $ 34,633 $ 235,238 $ 69,099 $ 23,106 $ 2,883 $ 17,316 $ 55,616 $ 437,891 Total current period gross charge-offs $ — $ (561) $ (881) $ (22) $ — $ (33) $ — $ (1,497) (1) Excludes $14,434 of loans at fair value. December 31, 2022 (dollars in thousands) Pass Special Substandard Doubtful Total Commercial mortgage $ 536,705 $ 25,309 $ 3,386 $ — $ 565,400 Home equity lines and loans 57,822 — 1,577 — 59,399 Construction 260,085 11,870 — — 271,955 Commercial and industrial 295,502 6,587 39,289 — 341,378 Small business loans 131,690 — 4,465 — 136,155 Total $ 1,281,804 $ 43,766 $ 48,717 $ — $ 1,374,287
Schedule of allocations based on the credit quality indicators	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 at the dates indicated: December 31, 2022 (dollars in thousands) Performing Non- Total Residential mortgage (1) $ 205,881 $ 1,454 $ 207,335 Consumer 488 — 488 Leases, net 138,084 902 138,986 Total $ 344,453 $ 2,356 $ 346,809
Schedule of recorded investment and principal balance of impaired loans	The following tables detail the recorded investment and principal balance of individually evaluated loans by portfolio segment, their related Allowance and interest income recognized at the dates indicated. The following tables detail the pre-CECL recorded investment and principal balance of individually evaluated loans by portfolio segment, their related Allowance and interest income recognized at the dates indicated. March 31, 2023 December 31, 2022 (dollars in thousands) Recorded Principal Related Recorded Principal Related Individually evaluated loans with related allowance: Commercial and industrial $ 10,986 $ 12,319 $ 903 $ 11,099 $ 12,095 $ 776 Small business loans 4,544 4,584 1,555 3,730 3,730 1,449 Total $ 15,530 $ 16,903 $ 2,458 $ 14,829 $ 15,825 $ 2,225 Individually evaluated loans without related allowance: Commercial mortgage $ 2,263 $ 2,263 $ — $ 2,445 $ 2,456 $ — Commercial and industrial 2,247 2,277 — 1,448 1,494 — Small business loans 780 780 — 797 797 — Home equity lines and loans 985 987 — 1,097 1,097 — Residential mortgage 1,440 1,440 — 1,454 1,454 — Construction 1,206 1,206 — 1,206 1,206 — Leases 367 367 — 902 902 — Total $ 9,288 $ 9,320 $ — $ 9,349 $ 9,406 $ — Grand Total $ 24,818 $ 26,223 $ 2,458 $ 24,178 $ 25,231 $ 2,225
Schedule of average recorded investment on impaired loans	The following table details the average recorded investment and interest income recognized on individually evaluated loans by portfolio segment. Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 (dollars in thousands) Average Interest Average Interest Individually evaluated loans with related allowance: Commercial and industrial $ 10,917 $ — $ 16,487 $ — Small business loans 4,584 — 666 — Total $ 15,501 $ — $ 17,153 $ — Individually evaluated loans without related allowance: Commercial mortgage 2,311 58 3,547 19 Commercial and industrial 2,170 — 454 — Small business loans 796 2 117 3 Home equity lines and loans 998 — 1,002 — Residential mortgage 1,445 30 1,796 2 Construction 1,032 — 1,206 15 Leases 423 — — — Total $ 9,175 $ 90 $ 8,122 $ 39 Grand Total $ 24,676 $ 90 $ 25,275 $ 39
Schedule of TDRs	The following table presents information about TDRs at the dates indicated: (dollars in thousands) December 31, TDRs included in nonperforming loans and leases $ 207 TDRs in compliance with modified terms 3,573 Total TDRs $ 3,780

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of short term borrowings	The following table presents short-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest March 31, December 31, FHLB Open Repo Plus Weekly 06/05/2023 5.15% - 3.11% $ 173,102 $ 113,147 FHLB Mid-term Repo Fixed 06/20/2023 5.29% 15,413 — FRB BTFP Advances 03/29/2024 4.76% 33,000 — Total Short-Term Borrowings $ 221,515 $ 113,147
Schedule of long term debt	The following table presents long-term borrowings at the dates indicated: Maturity Interest March 31, December 31, FHLB Mid-term Repo Fixed 12/22/2025 4.23% $ 8,935 $ 8,935 FHLB Mid-term Repo Fixed 9/30/2024 4.60% 3,433 — Total Long-Term Borrowings $ 12,368 $ 8,935

Servicing Assets (Tables)

Servicing Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Mortgage Servicing Rights
Servicing Assets at Fair Value [Line Items]
Schedule of servicing assets	Changes in the MSR balance are summarized as follows: Three months ended (dollars in thousands) 2023 2022 Balance at beginning of the period $ 9,942 $ 10,756 Servicing rights capitalized — 532 Amortization of servicing rights (371) (404) Change in valuation allowance 2 4 Balance at end of the period $ 9,573 $ 10,888
Schedule of valuation allowance for servicing assets	Activity in the valuation allowance for MSRs was as follows: Three months ended (dollars in thousands) 2023 2022 Valuation allowance, beginning of period $ (2) $ (8) Recovery 2 4 Valuation allowance, end of period $ — $ (4)
Schedule of sensitivity of fair value of servicing assets	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) March 31, December 31, Fair value of residential mortgage servicing rights $ 12,114 $ 11,567 Weighted average life (months) 25 22 Prepayment speed 5.97 % 8.05 % Impact on fair value: 10% adverse change $ (520) $ (268) 20% adverse change (994) (525) Discount rate 9.50 % 9.50 % Impact on fair value: 10% adverse change $ (457) $ (404) 20% adverse change (921) (777)
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Schedule of servicing assets	Changes in the SBA loan servicing asset balance are summarized as follows: Three months ended (dollars in thousands) 2023 2022 Balance at beginning of the period $ 2,404 $ 2,009 Servicing rights capitalized 214 593 Amortization of servicing rights (195) (125) Change in valuation allowance 129 31 Balance at end of the period $ 2,552 $ 2,508
Schedule of valuation allowance for servicing assets	Activity in the valuation allowance for SBA loan servicing assets was as follows: Three months ended (dollars in thousands) 2023 2022 Valuation allowance, beginning of period $ (364) $ (96) Recovery 129 31 Valuation allowance, end of period $ (235) $ (65)
Schedule of sensitivity of fair value of servicing assets	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) March 31, December 31, Fair value of SBA loan servicing rights $ 2,712 $ 2,422 Weighted average life (years) 3.8 3.8 Prepayment speed 12.51 % 12.73 % Impact on fair value: 10% adverse change $ (86) $ (73) 20% adverse change (166) (141) Discount rate 16.09 % 18.96 % Impact on fair value: 10% adverse change $ (62) $ (53) 20% adverse change (122) (104)

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of financial assets measured at fair value on a recurring basis	The following table presents the fair value of financial assets measured at fair value on a recurring basis by level within the fair value hierarchy at the dates indicated : March 31, 2023 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 17,592 $ — $ 17,592 $ — U.S. government agency MBS 11,737 — 11,737 — U.S. government agency CMO 25,122 — 25,122 — State and municipal securities 39,793 — 39,793 — U.S. Treasuries 30,064 30,064 — — Non-U.S. government agency CMO 11,109 — 11,109 Corporate bonds 7,516 — 7,516 — March 31, 2023 (dollars in thousands) Total Level 1 Level 2 Level 3 Equity investments 2,110 — 2,110 — Mortgage loans held for sale 35,701 — 35,701 — Mortgage loans held for investment 14,434 — 14,434 — Interest rate lock commitments 139 — — 139 Customer derivatives - interest rate swaps 3,178 — 3,178 — Total $ 198,495 $ 30,064 $ 168,292 $ 139 Liabilities Interest rate lock commitments $ 168 $ — $ — $ 168 Customer derivatives - interest rate swaps 3,159 — 3,159 — Risk Participation Agreements 21 — 21 — Total $ 3,348 $ — $ 3,180 $ 168 December 31, 2022 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 15,281 $ — $ 15,281 $ — U.S. government agency MBS 11,739 — 11,739 — U.S. government agency CMO 23,318 — 23,318 — State and municipal securities 38,838 — 38,838 — U.S. Treasuries 29,523 29,523 — — Non-U.S. government agency CMO 9,089 — 9,089 — Corporate bonds 7,558 — 7,558 — Equity investments 2,086 — 2,086 — Mortgage loans held for sale 22,243 — 22,243 — Mortgage loans held for investment 14,502 — 14,502 — Interest rate lock commitments 87 — — 87 Customer derivatives - interest rate swaps 3,846 — 3,846 — Total $ 178,110 $ 29,523 $ 148,500 $ 87 Liabilities Interest rate lock commitments $ 79 $ — $ — $ 79 Customer derivatives - interest rate swaps 3,799 — 3,799 — Risk Participation Agreements 17 — 17 — Total $ 3,895 $ — $ 3,816 $ 79
Schedule of financial assets measured at fair value on non-recurring basis	The following table presents assets measured at fair value on a nonrecurring basis at the dates indicated: (dollars in thousands) March 31, December 31, Mortgage servicing rights $ 9,573 $ 9,942 SBA loan servicing rights 2,552 2,404 Individually evaluated loans (1) Small business loans 2,989 2,281 Total $ 15,114 $ 14,627 (1) Individually evaluated loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral. Refer to the following page for further qualitative discussion around individually evaluated loans.
Schedule of measurement inputs	The following table details the valuation techniques for Level 3 individually evaluated loans. (dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs March 31, 2023 $ 2,989 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-15% discount December 31, 2022 $ 2,281 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-15% discount The following table details the valuation techniques for Level 3 interest rate lock commitments. (dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs Weighted Average March 31, 2023 $ 139 Market comparable pricing Pull through 0 - 1% 77.34% December 31, 2022 87 Market comparable pricing Pull through 0 - 1 84.05
Schedule of estimated fair values of financial instruments	The following table presents the estimated fair values of the Corporation’s financial instruments at the dates indicated: March 31, 2023 December 31, 2022 (dollars in thousands) Fair Value Carrying Fair value Carrying Fair value Financial assets: Cash and cash equivalents Level 1 $ 108,503 $ 108,503 $ 38,391 $ 38,391 Mortgage loans held for sale Level 2 35,701 35,701 22,243 22,243 Loans receivable, net of the allowance for credit losses Level 3 1,803,755 1,761,865 1,729,180 1,679,955 Mortgage loans held for investment Level 2 14,434 14,434 14,502 14,502 Financial liabilities: Deposits Level 2 1,770,413 1,711,600 1,712,479 1,575,600 Borrowings Level 2 233,883 233,883 122,082 122,082 Subordinated debentures Level 2 40,319 40,865 40,346 40,020
Schedule of level 3 inputs reconciliation	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 periods indicated. Three months ended (dollars in thousands) 2023 2022 Balance at beginning of the period $ 87 $ 1,122 Decrease in value 52 (535) Balance at end of the period $ 139 $ 587

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of the notional amounts and fair values of derivative financial instruments	The following table presents a summary of notional amounts and fair values of derivative financial instruments at the dates indicated: March 31, 2023 December 31, 2022 (dollars in thousands) Balance Sheet Line Item Notional Asset Notional Asset Interest Rate Lock Commitments Positive fair values Other assets $ 31,591 $ 139 $ 16,590 $ 87 Negative fair values Other liabilities 27,110 (168) 16,108 (79) Total $ 58,701 $ (29) $ 32,698 $ 8 Customer Derivatives - Interest Rate Swaps Positive fair values Other assets $ 43,422 $ 3,178 $ 43,779 $ 3,846 Negative fair values Other liabilities 43,422 (3,159) 43,779 (3,799) Total $ 86,844 $ 19 $ 87,558 $ 47 Risk Participation Agreements Positive fair values Other assets $ — $ — $ — $ — Negative fair values Other liabilities 7,170 (21) 7,200 (17) Total $ 7,170 $ (21) $ 7,200 $ (17) Total derivative financial instruments $ 152,715 $ (31) $ 127,456 $ 38
Summary of the fair value gains and losses on derivative financial instruments	The following table presents a summary of the fair value gains and (losses) on derivative financial instruments: Three months ended (dollars in thousands) 2023 2022 Interest Rate Lock Commitments $ (37) $ (1,140) Forward Commitments — 940 Customer Derivatives - Interest Rate Swaps (28) 33 Risk Participation Agreements (4) — Net fair value (losses) gains on derivative financial instruments $ (69) $ (167)

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of business segment financial information	The table below summarizes income and expenses, directly attributable to each business line, which have been included in the statement of operations. Total assets for each segment is also provided. Segment Information Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 17,627 $ 24 $ 26 $ 17,677 $ 15,610 $ 94 $ 331 $ 16,035 Provision for credit losses 1,399 — — 1,399 615 — — 615 Net interest income after provision 16,228 24 26 16,278 14,995 94 331 15,420 Non-interest Income Mortgage banking income 58 — 3,214 3,272 196 — 6,900 7,096 Wealth management income — 1,196 — 1,196 — 1,304 — 1,304 SBA loan income 713 — — 713 2,520 — — 2,520 Net change in fair values (31) — 78 47 32 — (2,100) (2,068) Net gain on hedging activity — — — — — — 2,827 2,827 Other 689 — 721 1,410 628 (1) 796 1,423 Non-interest income 1,429 1,196 4,013 6,638 3,376 1,303 8,423 13,102 Non-interest expense 10,698 989 6,102 17,789 10,208 878 10,347 21,433 Income (loss) before income taxes $ 6,959 $ 231 $ (2,063) $ 5,127 $ 8,163 $ 519 $ (1,593) $ 7,089 Total Assets $ 2,171,679 $ 8,090 $ 50,014 $ 2,229,783 $ 1,728,329 $ 7,251 $ 96,009 $ 1,831,589

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) $ / shares in Units, $ in Thousands	Feb. 28, 2023 $ / shares	Mar. 31, 2023 USD ($) $ / shares	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($) $ / shares	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 1	$ 1		$ 1
Stock split, conversion ratio	2
Off balance sheet, credit losses		$ (1,400)		$ (173)
Investment in equity securities		2,110		2,086
Equity, decrease to retained earnings		153,049		153,280	$ 157,684	$ 165,360
Post-tax impacts for loans, net of fees and costs		1,797,747		1,724,854
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Equity, decrease to retained earnings		$ 96,180		95,815	$ 83,104	$ 84,916
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Off balance sheet, credit losses			$ (1,256)
Equity, decrease to retained earnings				(2,228)
Post-tax impacts for loans, net of fees and costs			(1,200)
Unfunded loan commitments			(974)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Equity, decrease to retained earnings			$ (2,200)	$ (2,228)

Basis of Presentation - Adjustm

Basis of Presentation - Adjustments for ASC 326 Adoption (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases	$ 20,442		$ 18,828	$ 18,826	$ 18,758
Liabilities:
Off balance sheet, credit losses	1,400		173
Commercial mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases			4,095
Home equity lines and loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases	615		188	208	224
Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases	868		948	357	283
Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases	1,119		3,075	2,257	2,042
Commercial and industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases	2,733		4,012	7,369	6,533
Small business loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases	6,316		4,909	3,372	3,737
Leases, net
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases	5,316		1,598	1,110	986
Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases	$ 0		3	$ 3	$ 3
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases			1,596
Liabilities:
Off balance sheet, credit losses		$ 1,256
Cumulative Effect, Period of Adoption, Adjustment | Commercial mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		(526)
Cumulative Effect, Period of Adoption, Adjustment | Home equity lines and loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		439	439
Cumulative Effect, Period of Adoption, Adjustment | Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		17	17
Cumulative Effect, Period of Adoption, Adjustment | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		(1,763)	(1,763)
Cumulative Effect, Period of Adoption, Adjustment | Commercial and industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		(1,023)	(1,023)
Cumulative Effect, Period of Adoption, Adjustment | Small business loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		1,110	1,110
Cumulative Effect, Period of Adoption, Adjustment | Leases, net
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		3,345	3,345
Cumulative Effect, Period of Adoption, Adjustment | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		(3)	$ (3)
Cumulative Effect, Period of Adoption, Adjusted Balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		20,424
Liabilities:
Off balance sheet, credit losses		1,429
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		3,569
Cumulative Effect, Period of Adoption, Adjusted Balance | Home equity lines and loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		627
Cumulative Effect, Period of Adoption, Adjusted Balance | Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		965
Cumulative Effect, Period of Adoption, Adjusted Balance | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		1,312
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial and industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		2,989
Cumulative Effect, Period of Adoption, Adjusted Balance | Small business loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		6,019
Cumulative Effect, Period of Adoption, Adjusted Balance | Leases, net
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		4,943
Cumulative Effect, Period of Adoption, Adjusted Balance | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total ACL on loans and leases		$ 0

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator for earnings per share:
Net income available to common stockholders	$ 4,021	$ 5,535
Denominators for earnings per share:
Weighted average shares outstanding (in shares)	11,456	12,256
Average unearned ESOP shares (in shares)	(184)	(210)
Basic weighted averages shares outstanding (in shares)	11,272	12,046
Dilutive effects of assumed exercises of stock options (in shares)	230	346
Dilutive effects of SERP shares (in shares)	154	132
Diluted weighted averages shares outstanding (in shares)	11,656	12,524
Basic earnings per share (in USD per share)	$ 0.36	$ 0.46
Diluted earnings per share (in USD per share)	$ 0.34	$ 0.44
Antidilutive shares excluded from computation of average dilutive earnings per share (in shares)	463	42

Securities - Amortized cost and

Securities - Amortized cost and fair value (Details) $ in Thousands	Mar. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 154,431	$ 148,976
Gross unrealized gains	262	59
Allowance for Credit Losses	0
Gross unrealized losses	(11,760)	(13,689)
Fair value	$ 142,933	$ 135,346
# of Securities in unrealized loss position | security	135	135
Securities held-to-maturity:
Amortized cost	$ 36,525	$ 37,479
Gross unrealized gains	11	0
Allowance for Credit Losses	0
Gross unrealized losses	(3,460)	(4,394)
Fair value	$ 33,076	$ 33,085
# of Securities in unrealized loss position | security	22	25
U.S. asset backed securities
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 17,676	$ 15,581
Gross unrealized gains	166	14
Allowance for Credit Losses	0
Gross unrealized losses	(250)	(314)
Fair value	$ 17,592	$ 15,281
# of Securities in unrealized loss position | security	14	12
U.S. government agency MBS
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 12,192	$ 12,272
Gross unrealized gains	12	5
Allowance for Credit Losses	0
Gross unrealized losses	(467)	(538)
Fair value	$ 11,737	$ 11,739
# of Securities in unrealized loss position | security	10	12
U.S. government agency CMO
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 27,059	$ 25,520
Gross unrealized gains	66	40
Allowance for Credit Losses	0
Gross unrealized losses	(2,003)	(2,242)
Fair value	$ 25,122	$ 23,318
# of Securities in unrealized loss position | security	30	29
State and municipal securities
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 44,514	$ 44,700
Gross unrealized gains	11	0
Allowance for Credit Losses	0
Gross unrealized losses	(4,732)	(5,862)
Fair value	$ 39,793	$ 38,838
# of Securities in unrealized loss position | security	32	34
Securities held-to-maturity:
Amortized cost	$ 36,525	$ 37,479
Gross unrealized gains	11	0
Allowance for Credit Losses	0
Gross unrealized losses	(3,460)	(4,394)
Fair value	$ 33,076	$ 33,085
# of Securities in unrealized loss position | security	22	25
U.S. Treasuries
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 32,981	$ 32,980
Gross unrealized gains	0	0
Allowance for Credit Losses	0
Gross unrealized losses	(2,917)	(3,457)
Fair value	$ 30,064	$ 29,523
# of Securities in unrealized loss position | security	25	25
Non-U.S. government agency CMO
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 11,808	$ 9,722
Gross unrealized gains	7	0
Allowance for Credit Losses	0
Gross unrealized losses	(706)	(633)
Fair value	$ 11,109	$ 9,089
# of Securities in unrealized loss position | security	12	11
Corporate bonds
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 8,201	$ 8,201
Gross unrealized gains	0	0
Allowance for Credit Losses	0
Gross unrealized losses	(685)	(643)
Fair value	$ 7,516	$ 7,558
# of Securities in unrealized loss position | security	12	12

Securities - Additional Informa

Securities - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) security	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Securities
Number of securities deemed other-than-temporarily impaired | security	0
Securities transferred to held-to-maturity		$ 27,700
After transfer unrealized loss		$ 1,300
Fair value	$ 142,933		$ 135,346
Asset Pledged as Collateral
Securities
Fair value	$ 110,000		$ 78,400

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	$ 17,031	$ 45,243
12 Months or More, Fair Value	106,470	80,226
Total Fair Value	123,501	125,469
Less than 12 Months, Unrealized Losses	(498)	(2,849)
12 Months or More, Unrealized Losses	(11,262)	(10,840)
Total Unrealized Losses	(11,760)	(13,689)
Securities held-to-maturity:
Less than 12 Months, Fair Value	4,723	10,130
12 Months or More, Fair Value	25,836	22,543
Total Fair Value	30,559	32,673
Less than 12 Months, Unrecognized Loss	(43)	(364)
12 Months or More, Unrecognized Loss	(3,417)	(4,030)
Gross unrealized losses	(3,460)	(4,394)
U.S. asset backed securities
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	3,658	6,531
12 Months or More, Fair Value	7,244	4,863
Total Fair Value	10,902	11,394
Less than 12 Months, Unrealized Losses	(29)	(80)
12 Months or More, Unrealized Losses	(221)	(234)
Total Unrealized Losses	(250)	(314)
U.S. government agency MBS
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	20	6,022
12 Months or More, Fair Value	8,417	4,637
Total Fair Value	8,437	10,659
Less than 12 Months, Unrealized Losses	(1)	(230)
12 Months or More, Unrealized Losses	(466)	(308)
Total Unrealized Losses	(467)	(538)
U.S. government agency CMO
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	4,004	9,859
12 Months or More, Fair Value	16,274	9,549
Total Fair Value	20,278	19,408
Less than 12 Months, Unrealized Losses	(173)	(821)
12 Months or More, Unrealized Losses	(1,830)	(1,421)
Total Unrealized Losses	(2,003)	(2,242)
State and municipal securities
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	1,056	7,487
12 Months or More, Fair Value	35,911	31,351
Total Fair Value	36,967	38,838
Less than 12 Months, Unrealized Losses	(6)	(726)
12 Months or More, Unrealized Losses	(4,726)	(5,136)
Total Unrealized Losses	(4,732)	(5,862)
Securities held-to-maturity:
Less than 12 Months, Fair Value	4,723	10,130
12 Months or More, Fair Value	25,836	22,543
Total Fair Value	30,559	32,673
Less than 12 Months, Unrecognized Loss	(43)	(364)
12 Months or More, Unrecognized Loss	(3,417)	(4,030)
Gross unrealized losses	(3,460)	(4,394)
U.S. Treasuries
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	0	1,902
12 Months or More, Fair Value	30,064	27,622
Total Fair Value	30,064	29,524
Less than 12 Months, Unrealized Losses	0	(97)
12 Months or More, Unrealized Losses	(2,917)	(3,360)
Total Unrealized Losses	(2,917)	(3,457)
Non-U.S. government agency CMO
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	6,207	8,423
12 Months or More, Fair Value	4,132	666
Total Fair Value	10,339	9,089
Less than 12 Months, Unrealized Losses	(126)	(464)
12 Months or More, Unrealized Losses	(580)	(169)
Total Unrealized Losses	(706)	(633)
Corporate bonds
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	2,086	5,019
12 Months or More, Fair Value	4,428	1,538
Total Fair Value	6,514	6,557
Less than 12 Months, Unrealized Losses	(163)	(431)
12 Months or More, Unrealized Losses	(522)	(212)
Total Unrealized Losses	$ (685)	$ (643)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Contractual Maturities, Available-for-sale, Amortized Cost
Due in one year or less	$ 0	$ 0
Due after one year through five years	23,767	18,865
Due after five years through ten years	27,799	28,647
Due after ten years	51,806	53,950
Subtotal	103,372	101,462
Mortgage-related securities	51,059	47,514
Securities available-for-sale, amortized cost	154,431	148,976
Contractual Maturities, Available-for-sale, Fair Value
Due in one year or less	0	0
Due after one year through five years	21,921	17,289
Due after five years through ten years	25,624	25,459
Due after ten years	47,419	48,453
Subtotal	94,964	91,201
Mortgage-related securities	47,969	44,145
Fair value	142,933	135,346
Contractual Maturities, Held-to-maturity, Amortized Cost
Due in one year or less	0	0
Due after one year through five years	3,389	4,275
Due after five years through ten years	3,941	2,998
Due after ten years	29,195	30,206
Subtotal	36,525	37,479
Mortgage-related securities	0	0
Amortized cost	36,525	37,479
Contractual Maturities, Held-to-maturity, Fair Value
Due in one year or less	0	0
Due after one year through five years	3,365	4,238
Due after five years through ten years	3,507	2,683
Due after ten years	26,204	26,164
Subtotal	33,076	33,085
Mortgage-related securities	0	0
Fair value	$ 33,076	$ 33,085

Securities - Sale of Investment

Securities - Sale of Investment Securities, Available for Sale (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Gross gain on sale of available for sale investments	$ 0	$ 314
Gross loss on sale of available for sale investments	$ 0	$ 0

Loans and Other Finance Recei_3

Loans and Other Finance Receivables - Loans outstanding by category (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Loans Receivable
Total loans	$ 1,816,428	$ 1,735,598
Residential mortgage real estate loans accounted under fair value option, at fair value	14,434	14,502
Residential mortgage real estate loans accounted under fair value option, at amortized cost	16,745	16,930
Unearned lease income included in leases, net	(26,352)	(25,715)
Unamortized net deferred loan origination costs	1,761	8,084
Real estate loans:
Loans Receivable
Total loans	1,185,332	1,118,591
Real estate loans: | Commercial mortgage
Loans Receivable
Total loans	617,063	565,400
Real estate loans: | Home equity lines and loans
Loans Receivable
Total loans	62,050	59,399
Real estate loans: | Residential mortgage
Loans Receivable
Total loans	238,831	221,837
Real estate loans: | Construction
Loans Receivable
Total loans	267,388	271,955
Commercial and industrial
Loans Receivable
Total loans	331,082	341,378
Small business loans
Loans Receivable
Total loans	148,570	136,155
Consumer
Loans Receivable
Total loans	387	488
Leases, net
Loans Receivable
Total loans	$ 151,057	$ 138,986

Loans and Other Finance Recei_4

Loans and Other Finance Receivables - Age analysis of past due loans and leases (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Age Analysis of Past Due Loans and Leases
Total loans	$ 1,816,428	$ 1,735,598
Total Accruing Loans and leases	1,793,306	1,714,362
Nonaccrual loans and leases	$ 23,122	$ 21,236
% Delinquent	1.77%	1.67%
Residential mortgage real estate loans accounted under fair value option, at fair value	$ 14,434	$ 14,502
Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases	985
Residential mortgage
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases	2,069
Construction
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases	1,206
Residential mortgage | Residential mortgage
Age Analysis of Past Due Loans and Leases
Residential mortgage real estate loans accounted under fair value option, at fair value	14,434	14,502
Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	331,082	341,378
Total Accruing Loans and leases	317,866	328,831
Nonaccrual loans and leases	$ 13,216	$ 12,547
% Delinquent	4.02%	3.70%
Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	$ 148,570	$ 136,155
Total Accruing Loans and leases	143,291	131,690
Nonaccrual loans and leases	$ 5,279	$ 4,465
% Delinquent	5.26%	3.97%
Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	$ 151,057	$ 138,986
Total Accruing Loans and leases	150,690	138,084
Nonaccrual loans and leases	$ 367	$ 902
% Delinquent	1.03%	1.49%
Real estate loans:
Age Analysis of Past Due Loans and Leases
Total loans	$ 1,185,332	$ 1,118,591
Nonaccrual loans and leases	4,260
Real estate loans: | Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	617,063	565,400
Total Accruing Loans and leases	617,063	565,260
Nonaccrual loans and leases	$ 0	$ 140
% Delinquent	0%	0.02%
Real estate loans: | Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	$ 62,050	$ 59,399
Total Accruing Loans and leases	61,065	58,302
Nonaccrual loans and leases	$ 985	$ 1,097
% Delinquent	1.84%	2.09%
Real estate loans: | Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	$ 238,831	$ 221,837
Total Accruing Loans and leases	236,762	219,752
Nonaccrual loans and leases	$ 2,069	$ 2,085
% Delinquent	1.52%	2.86%
Real estate loans: | Construction
Age Analysis of Past Due Loans and Leases
Total loans	$ 267,388	$ 271,955
Total Accruing Loans and leases	266,182	271,955
Nonaccrual loans and leases	$ 1,206	$ 0
% Delinquent	1.73%	0.44%
Consumer
Age Analysis of Past Due Loans and Leases
Total loans	$ 387	$ 488
Total Accruing Loans and leases	387	488
Nonaccrual loans and leases	$ 0	$ 0
% Delinquent	0%	0%
30-89 days past due
Age Analysis of Past Due Loans and Leases
Total loans	$ 8,956	$ 7,827
30-89 days past due | Residential mortgage | Residential mortgage
Age Analysis of Past Due Loans and Leases
Residential mortgage real estate loans accounted under fair value option, at fair value	456	184
30-89 days past due | Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	99	101
30-89 days past due | Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	2,532	939
30-89 days past due | Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	1,190	1,173
30-89 days past due | Real estate loans: | Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	0	0
30-89 days past due | Real estate loans: | Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	159	146
30-89 days past due | Real estate loans: | Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	1,558	4,262
30-89 days past due | Real estate loans: | Construction
Age Analysis of Past Due Loans and Leases
Total loans	3,418	1,206
30-89 days past due | Consumer
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Past Due
Age Analysis of Past Due Loans and Leases
Total loans	8,956	7,827
Financial Asset, Past Due | Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	99	101
Financial Asset, Past Due | Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	2,532	939
Financial Asset, Past Due | Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	1,190	1,173
Financial Asset, Past Due | Real estate loans: | Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Past Due | Real estate loans: | Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	159	146
Financial Asset, Past Due | Real estate loans: | Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	1,558	4,262
Financial Asset, Past Due | Real estate loans: | Construction
Age Analysis of Past Due Loans and Leases
Total loans	3,418	1,206
Financial Asset, Past Due | Consumer
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Real estate loans: | Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Real estate loans: | Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Real estate loans: | Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Real estate loans: | Construction
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Current
Age Analysis of Past Due Loans and Leases
Total loans	1,784,350	1,706,535
Current | Residential mortgage | Residential mortgage
Age Analysis of Past Due Loans and Leases
Residential mortgage real estate loans accounted under fair value option, at fair value	13,418	13,760
Current | Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	317,767	328,730
Current | Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	140,759	130,751
Current | Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	149,500	136,911
Current | Real estate loans: | Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	617,063	565,260
Current | Real estate loans: | Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	60,906	58,156
Current | Real estate loans: | Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	235,204	215,490
Current | Real estate loans: | Construction
Age Analysis of Past Due Loans and Leases
Total loans	262,764	270,749
Current | Consumer
Age Analysis of Past Due Loans and Leases
Total loans	387	488
Nonaccrual | Residential mortgage | Residential mortgage
Age Analysis of Past Due Loans and Leases
Residential mortgage real estate loans accounted under fair value option, at fair value	$ 560	$ 558

Loans and Other Finance Recei_5

Loans and Other Finance Receivables - Schedule of Financing Receivables, Nonaccural (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Without ACL	$ 3,165
Nonaccrual With ACL	19,957
Nonaccrual loans and leases	23,122	$ 21,236
Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	985
Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	2,069
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,206
Real estate loans:
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Without ACL	2,425
Nonaccrual With ACL	1,835
Nonaccrual loans and leases	4,260
Real estate loans: | Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Without ACL	985
Nonaccrual With ACL	0
Nonaccrual loans and leases	985	1,097
Real estate loans: | Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Without ACL	1,440
Nonaccrual With ACL	629
Nonaccrual loans and leases	2,069	2,085
Real estate loans: | Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Without ACL	0
Nonaccrual With ACL	1,206
Nonaccrual loans and leases	1,206	0
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Without ACL	6
Nonaccrual With ACL	13,210
Nonaccrual loans and leases	13,216	12,547
Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Without ACL	734
Nonaccrual With ACL	4,545
Nonaccrual loans and leases	5,279	4,465
Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Without ACL	0
Nonaccrual With ACL	367
Nonaccrual loans and leases	$ 367	$ 902

Loans and Other Finance Recei_6

Loans and Other Finance Receivables - Schedule of Non-Accruing Collateral-Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	$ 23,122	$ 21,236
Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	985
Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	2,069
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,206
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	13,216
Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	5,279
Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	367
Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	9,439
Real Estate | Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	985
Real Estate | Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	2,069
Real Estate | Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,206
Real Estate | Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,289
Real Estate | Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	3,890
Real Estate | Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0
Equipment and Other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	13,683
Equipment and Other | Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0
Equipment and Other | Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0
Equipment and Other | Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0
Equipment and Other | Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	11,927
Equipment and Other | Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,389
Equipment and Other | Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	$ 367

Allowance for Credit Losses - R

Allowance for Credit Losses - Roll-forward of allowance by portfolio segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 18,828	$ 18,758
Charge-offs	(1,497)	(566)
Recoveries	44	19
Provision (recovery of provision) for credit losses	1,471	615
Balance at end of period	20,442	18,826
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	1,596
Commercial mortgage
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	4,095	4,950
Charge-offs	0	0
Recoveries	0	0
Provision (recovery of provision) for credit losses	(94)	(800)
Balance at end of period	3,475	4,150
Commercial mortgage | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	(526)
Home equity lines and loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	188	224
Charge-offs	(33)	0
Recoveries	2	6
Provision (recovery of provision) for credit losses	19	(22)
Balance at end of period	615	208
Home equity lines and loans | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	439
Residential mortgage
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	948	283
Charge-offs	0	0
Recoveries	0	2
Provision (recovery of provision) for credit losses	(97)	72
Balance at end of period	868	357
Residential mortgage | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	17
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	3,075	2,042
Charge-offs	0	0
Recoveries	0	0
Provision (recovery of provision) for credit losses	(193)	215
Balance at end of period	1,119	2,257
Construction | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	(1,763)
Commercial and industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	4,012	6,533
Charge-offs	0	0
Recoveries	39	11
Provision (recovery of provision) for credit losses	(295)	825
Balance at end of period	2,733	7,369
Commercial and industrial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	(1,023)
Small business loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	4,909	3,737
Charge-offs	0	0
Recoveries	0	0
Provision (recovery of provision) for credit losses	297	(365)
Balance at end of period	6,316	3,372
Small business loans | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	1,110
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	3	3
Charge-offs	0	0
Recoveries	0	0
Provision (recovery of provision) for credit losses	0	0
Balance at end of period	0	3
Consumer | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	(3)
Leases, net
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	1,598	986
Charge-offs	(1,464)	(566)
Recoveries	3	0
Provision (recovery of provision) for credit losses	1,834	690
Balance at end of period	5,316	$ 1,110
Leases, net | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 3,345

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance allocated by portfolio segment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	$ 2,458	$ 2,225
Allowance on loans and leases collectively evaluated for impairment	17,984	16,603
Total	20,442	18,828	$ 18,826	$ 18,758
Carrying value of loans and leases individually evaluated for impairment	24,818	24,178
Carrying value of loans and leases collectively evaluated for impairment	1,777,176	1,696,918
Total	1,801,994	1,721,096
Commercial mortgage
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	3,475	4,095
Total	3,475	4,095	4,150	4,950
Carrying value of loans and leases individually evaluated for impairment	2,263	2,445
Carrying value of loans and leases collectively evaluated for impairment	614,800	562,955
Total	617,063	565,400
Home equity lines and loans
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	615	188
Total	615	188	208	224
Carrying value of loans and leases individually evaluated for impairment	985	1,097
Carrying value of loans and leases collectively evaluated for impairment	61,065	58,302
Total	62,050	59,399
Residential mortgage
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	868	948
Total	868	948	357	283
Carrying value of loans and leases individually evaluated for impairment	1,440	1,454
Carrying value of loans and leases collectively evaluated for impairment	222,957	205,881
Total	224,397	207,335
Construction
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	1,119	3,075
Total	1,119	3,075	2,257	2,042
Carrying value of loans and leases individually evaluated for impairment	1,206	1,206
Carrying value of loans and leases collectively evaluated for impairment	266,182	270,749
Total	267,388	271,955
Commercial and industrial
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	903	776
Allowance on loans and leases collectively evaluated for impairment	1,830	3,236
Total	2,733	4,012	7,369	6,533
Carrying value of loans and leases individually evaluated for impairment	13,233	12,547
Carrying value of loans and leases collectively evaluated for impairment	317,849	328,831
Total	331,082	341,378
Small business loans
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	1,555	1,449
Allowance on loans and leases collectively evaluated for impairment	4,761	3,460
Total	6,316	4,909	3,372	3,737
Carrying value of loans and leases individually evaluated for impairment	5,324	4,527
Carrying value of loans and leases collectively evaluated for impairment	143,246	131,628
Total	148,570	136,155
Consumer
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	0	3
Total	0	3	3	3
Carrying value of loans and leases individually evaluated for impairment	0	0
Carrying value of loans and leases collectively evaluated for impairment	387	488
Total	387	488
Leases, net
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	5,316	1,598
Total	5,316	1,598	$ 1,110	$ 986
Carrying value of loans and leases individually evaluated for impairment	367	902
Carrying value of loans and leases collectively evaluated for impairment	150,690	138,084
Total	$ 151,057	$ 138,986

Allowance for Credit Losses - C

Allowance for Credit Losses - Carrying value based on credit quality indicators (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Loans and Leases by Credit Ratings
Loans, net of fees and costs	$ 1,818,189		$ 1,743,682
Current period gross charge-offs	(1,497)	$ (566)
Total loans	1,816,428		1,735,598
Decrease in carry value	7,400
Evaluated by performance status
Loans and Leases by Credit Ratings
2023	34,633
2023, Writeoff	0
2022	235,238
2022, Writeoff	(561)
2021	69,099
2021, Writeoff	(881)
2020	23,106
2020, Writeoff	(22)
2019	2,883
2019, Writeoff	0
Prior	17,316
Prior, Writeoff	(33)
Revolving Loans	55,616
Revolving Loans, Writeoff	0
Loans, net of fees and costs	437,891
Current period gross charge-offs	(1,497)
Total loans			346,809
Performing
Loans and Leases by Credit Ratings
2023	34,633
2022	235,040
2021	68,947
2020	22,773
2019	2,883
Prior	16,123
Revolving Loans	54,631
Loans, net of fees and costs	435,030
Total loans			344,453
Nonperforming
Loans and Leases by Credit Ratings
2023	0
2022	198
2021	152
2020	333
2019	0
Prior	1,193
Revolving Loans	985
Loans, net of fees and costs	2,861
Total loans			2,356
Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
2023	57,720
2023, Writeoff	0
2022	319,742
2022, Writeoff	0
2021	302,571
2021, Writeoff	0
2020	175,547
2020, Writeoff	0
2019	92,756
2019, Writeoff	0
Prior	232,224
Prior, Writeoff	0
Revolving Loans Converted to Term Loans	13,130
Revolving Loans Converted to Term Loans, Writeoff	0
Revolving Loans	170,413
Revolving Loans, Writeoff	0
Loans, net of fees and costs	1,364,103
Current period gross charge-offs	0
Total loans			1,374,287
Pass/Watch
Loans and Leases by Credit Ratings
2023	57,720
2022	310,269
2021	296,379
2020	173,724
2019	79,548
Prior	192,989
Revolving Loans Converted to Term Loans	13,130
Revolving Loans	149,285
Loans, net of fees and costs	1,273,044
Total loans			1,281,804
Special Mention
Loans and Leases by Credit Ratings
2023	0
2022	9,473
2021	67
2020	0
2019	10,321
Prior	26,808
Revolving Loans Converted to Term Loans	0
Revolving Loans	1,578
Loans, net of fees and costs	48,247
Total loans			43,766
Substandard
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	6,125
2020	1,823
2019	2,887
Prior	12,427
Revolving Loans Converted to Term Loans	0
Revolving Loans	19,550
Loans, net of fees and costs	42,812
Total loans			48,717
Doubtful
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans Converted to Term Loans	0
Revolving Loans	0
Loans, net of fees and costs	0
Total loans			0
Commercial mortgage
Loans and Leases by Credit Ratings
2023	24,466
2023, Writeoff	0
2022	133,277
2022, Writeoff	0
2021	140,094
2021, Writeoff	0
2020	99,498
2020, Writeoff	0
2019	62,202
2019, Writeoff	0
Prior	156,304
Prior, Writeoff	0
Revolving Loans Converted to Term Loans	511
Revolving Loans Converted to Term Loans, Writeoff	0
Revolving Loans	711
Revolving Loans, Writeoff	0
Loans, net of fees and costs	617,063
Current period gross charge-offs	0	0
Commercial mortgage | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans			565,400
Commercial mortgage | Pass/Watch
Loans and Leases by Credit Ratings
2023	24,466
2022	128,528
2021	140,094
2020	99,498
2019	54,655
Prior	143,017
Revolving Loans Converted to Term Loans	511
Revolving Loans	378
Loans, net of fees and costs	591,147
Total loans			536,705
Commercial mortgage | Special Mention
Loans and Leases by Credit Ratings
2023	0
2022	4,749
2021	0
2020	0
2019	5,872
Prior	10,893
Revolving Loans Converted to Term Loans	0
Revolving Loans	0
Loans, net of fees and costs	21,514
Total loans			25,309
Commercial mortgage | Substandard
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	0
2020	0
2019	1,675
Prior	2,394
Revolving Loans Converted to Term Loans	0
Revolving Loans	333
Loans, net of fees and costs	4,402
Total loans			3,386
Commercial mortgage | Doubtful
Loans and Leases by Credit Ratings
Total loans			0
Construction
Loans and Leases by Credit Ratings
2023	8,301
2023, Writeoff	0
2022	92,502
2022, Writeoff	0
2021	66,968
2021, Writeoff	0
2020	47,378
2020, Writeoff	0
2019	9,188
2019, Writeoff	0
Prior	16,925
Prior, Writeoff	0
Revolving Loans Converted to Term Loans	0
Revolving Loans Converted to Term Loans, Writeoff	0
Revolving Loans	26,126
Revolving Loans, Writeoff	0
Loans, net of fees and costs	267,388
Current period gross charge-offs	0	0
Construction | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans			271,955
Construction | Pass/Watch
Loans and Leases by Credit Ratings
2023	8,301
2022	92,502
2021	66,901
2020	47,378
2019	4,739
Prior	2,493
Revolving Loans Converted to Term Loans	0
Revolving Loans	26,126
Loans, net of fees and costs	248,440
Total loans			260,085
Construction | Special Mention
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	67
2020	0
2019	4,449
Prior	13,226
Revolving Loans Converted to Term Loans	0
Revolving Loans	0
Loans, net of fees and costs	17,742
Total loans			11,870
Construction | Substandard
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	1,206
Revolving Loans Converted to Term Loans	0
Revolving Loans	0
Loans, net of fees and costs	1,206
Total loans			0
Construction | Doubtful
Loans and Leases by Credit Ratings
Total loans			0
Commercial and industrial
Loans and Leases by Credit Ratings
2023	8,954
2023, Writeoff	0
2022	55,863
2022, Writeoff	0
2021	42,068
2021, Writeoff	0
2020	11,362
2020, Writeoff	0
2019	14,475
2019, Writeoff	0
Prior	57,590
Prior, Writeoff	0
Revolving Loans Converted to Term Loans	9,981
Revolving Loans Converted to Term Loans, Writeoff	0
Revolving Loans	130,789
Revolving Loans, Writeoff	0
Loans, net of fees and costs	331,082
Current period gross charge-offs	0	0
Total loans	331,082		341,378
Commercial and industrial | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans			341,378
Commercial and industrial | Pass/Watch
Loans and Leases by Credit Ratings
2023	8,954
2022	51,139
2021	38,432
2020	10,429
2019	14,175
Prior	46,074
Revolving Loans Converted to Term Loans	9,981
Revolving Loans	110,982
Loans, net of fees and costs	290,166
Total loans			295,502
Commercial and industrial | Special Mention
Loans and Leases by Credit Ratings
2023	0
2022	4,724
2021	0
2020	0
2019	0
Prior	2,689
Revolving Loans Converted to Term Loans	0
Revolving Loans	1,578
Loans, net of fees and costs	8,991
Total loans			6,587
Commercial and industrial | Substandard
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	3,636
2020	933
2019	300
Prior	8,827
Revolving Loans Converted to Term Loans	0
Revolving Loans	18,229
Loans, net of fees and costs	31,925
Total loans	31,900		39,289
Deferrals that became non performing loans	11,000
Commercial and industrial | Doubtful
Loans and Leases by Credit Ratings
Total loans			0
Small business loans
Loans and Leases by Credit Ratings
2023	15,999
2023, Writeoff	0
2022	38,100
2022, Writeoff	0
2021	53,441
2021, Writeoff	0
2020	17,309
2020, Writeoff	0
2019	6,891
2019, Writeoff	0
Prior	1,405
Prior, Writeoff	0
Revolving Loans Converted to Term Loans	2,638
Revolving Loans Converted to Term Loans, Writeoff	0
Revolving Loans	12,787
Revolving Loans, Writeoff	0
Loans, net of fees and costs	148,570
Current period gross charge-offs	0	0
Total loans	148,570		136,155
Small business loans | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans			136,155
Small business loans | Pass/Watch
Loans and Leases by Credit Ratings
2023	15,999
2022	38,100
2021	50,952
2020	16,419
2019	5,979
Prior	1,405
Revolving Loans Converted to Term Loans	2,638
Revolving Loans	11,799
Loans, net of fees and costs	143,291
Total loans			131,690
Small business loans | Special Mention
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans Converted to Term Loans	0
Revolving Loans	0
Loans, net of fees and costs	0
Total loans			0
Small business loans | Substandard
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	2,489
2020	890
2019	912
Prior	0
Revolving Loans Converted to Term Loans	0
Revolving Loans	988
Loans, net of fees and costs	5,279
Total loans			4,465
Small business loans | Doubtful
Loans and Leases by Credit Ratings
Total loans			0
Leases, net
Loans and Leases by Credit Ratings
2023	16,610
2023, Writeoff	0
2022	74,924
2022, Writeoff	(561)
2021	44,332
2021, Writeoff	(881)
2020	15,191
2020, Writeoff	(22)
2019	0
2019, Writeoff	0
Prior	0
Prior, Writeoff	0
Revolving Loans	0
Revolving Loans, Writeoff	0
Loans, net of fees and costs	151,057
Current period gross charge-offs	(1,464)	(566)
Total loans	151,057		138,986
Leases, net | Evaluated by performance status
Loans and Leases by Credit Ratings
Total loans			138,986
Leases, net | Performing
Loans and Leases by Credit Ratings
Total loans			138,084
Leases, net | Nonperforming
Loans and Leases by Credit Ratings
Total loans			902
Leases, net | Pass/Watch
Loans and Leases by Credit Ratings
2023	16,610
2022	74,726
2021	44,180
2020	15,174
2019	0
Prior	0
Revolving Loans	0
Loans, net of fees and costs	150,690
Leases, net | Substandard
Loans and Leases by Credit Ratings
2023	0
2022	198
2021	152
2020	17
2019	0
Prior	0
Revolving Loans	0
Loans, net of fees and costs	367
Home equity lines and loans
Loans and Leases by Credit Ratings
2023	0
2023, Writeoff	0
2022	816
2022, Writeoff	0
2021	402
2021, Writeoff	0
2020	371
2020, Writeoff	0
2019	2,374
2019, Writeoff	0
Prior	2,514
Prior, Writeoff	(33)
Revolving Loans	55,573
Revolving Loans, Writeoff	0
Loans, net of fees and costs	62,050
Current period gross charge-offs	(33)	0
Home equity lines and loans | Performing
Loans and Leases by Credit Ratings
2023	0
2022	816
2021	402
2020	371
2019	2,374
Prior	2,514
Revolving Loans	54,588
Loans, net of fees and costs	61,065
Home equity lines and loans | Nonperforming
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	985
Loans, net of fees and costs	985
Home equity lines and loans | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans			59,399
Home equity lines and loans | Pass/Watch
Loans and Leases by Credit Ratings
Total loans			57,822
Home equity lines and loans | Special Mention
Loans and Leases by Credit Ratings
Total loans			0
Home equity lines and loans | Substandard
Loans and Leases by Credit Ratings
Total loans			1,577
Home equity lines and loans | Doubtful
Loans and Leases by Credit Ratings
Total loans			0
Residential mortgage
Loans and Leases by Credit Ratings
2023	18,023
2023, Writeoff	0
2022	159,453
2022, Writeoff	0
2021	24,365
2021, Writeoff	0
2020	7,544
2020, Writeoff	0
2019	466
2019, Writeoff	0
Prior	14,546
Prior, Writeoff	0
Revolving Loans	0
Revolving Loans, Writeoff	0
Loans, net of fees and costs	224,397
Current period gross charge-offs	0	0
Residential mortgage | Evaluated by performance status
Loans and Leases by Credit Ratings
Total loans			207,335
Residential mortgage | Performing
Loans and Leases by Credit Ratings
2023	18,023
2022	159,453
2021	24,365
2020	7,228
2019	466
Prior	13,353
Revolving Loans	0
Loans, net of fees and costs	222,888
Total loans			205,881
Residential mortgage | Nonperforming
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	0
2020	316
2019	0
Prior	1,193
Revolving Loans	0
Loans, net of fees and costs	1,509
Total loans			1,454
Consumer
Loans and Leases by Credit Ratings
2023	0
2023, Writeoff	0
2022	45
2022, Writeoff	0
2021	0
2021, Writeoff	0
2020	0
2020, Writeoff	0
2019	43
2019, Writeoff	0
Prior	256
Prior, Writeoff	0
Revolving Loans	43
Revolving Loans, Writeoff	0
Loans, net of fees and costs	387
Current period gross charge-offs	0	$ 0
Total loans	387		488
Consumer | Evaluated by performance status
Loans and Leases by Credit Ratings
Total loans			488
Consumer | Performing
Loans and Leases by Credit Ratings
2023	0
2022	45
2021	0
2020	0
2019	43
Prior	256
Revolving Loans	43
Loans, net of fees and costs	387
Total loans			488
Consumer | Nonperforming
Loans and Leases by Credit Ratings
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Loans, net of fees and costs	$ 0
Total loans			$ 0

Allowance for Credit Losses -_2

Allowance for Credit Losses - Carrying value based on performance status (Details) $ in Thousands	Mar. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan
Loans and Leases by Credit Ratings
Total loans	$ 1,816,428	$ 1,735,598
Loans at fair value	$ 14,434	14,502
Evaluated by performance status
Loans and Leases by Credit Ratings
Total loans		346,809
Performing
Loans and Leases by Credit Ratings
Total loans		344,453
Nonperforming
Loans and Leases by Credit Ratings
Total loans		2,356
Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans		1,374,287
Pass/Watch
Loans and Leases by Credit Ratings
Total loans		1,281,804
Special Mention
Loans and Leases by Credit Ratings
Total loans		43,766
Substandard
Loans and Leases by Credit Ratings
Total loans		48,717
Substandard | Commercial and industrial
Loans and Leases by Credit Ratings
Number of loan relationships with no specific industry concentration | loan	14
Doubtful
Loans and Leases by Credit Ratings
Total loans		0
Commercial mortgage | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans		565,400
Commercial mortgage | Pass/Watch
Loans and Leases by Credit Ratings
Total loans		536,705
Commercial mortgage | Special Mention
Loans and Leases by Credit Ratings
Total loans		25,309
Commercial mortgage | Substandard
Loans and Leases by Credit Ratings
Total loans		3,386
Commercial mortgage | Doubtful
Loans and Leases by Credit Ratings
Total loans		0
Home equity lines and loans | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans		59,399
Home equity lines and loans | Pass/Watch
Loans and Leases by Credit Ratings
Total loans		57,822
Home equity lines and loans | Special Mention
Loans and Leases by Credit Ratings
Total loans		0
Home equity lines and loans | Substandard
Loans and Leases by Credit Ratings
Total loans		1,577
Home equity lines and loans | Doubtful
Loans and Leases by Credit Ratings
Total loans		0
Construction | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans		271,955
Construction | Pass/Watch
Loans and Leases by Credit Ratings
Total loans		260,085
Construction | Special Mention
Loans and Leases by Credit Ratings
Total loans		11,870
Construction | Substandard
Loans and Leases by Credit Ratings
Total loans		0
Construction | Doubtful
Loans and Leases by Credit Ratings
Total loans		0
Commercial and industrial
Loans and Leases by Credit Ratings
Total loans	$ 331,082	341,378
Commercial and industrial | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans		341,378
Commercial and industrial | Pass/Watch
Loans and Leases by Credit Ratings
Total loans		295,502
Commercial and industrial | Special Mention
Loans and Leases by Credit Ratings
Total loans		6,587
Commercial and industrial | Substandard
Loans and Leases by Credit Ratings
Total loans	31,900	39,289
Commercial and industrial | Doubtful
Loans and Leases by Credit Ratings
Total loans		0
Small business loans
Loans and Leases by Credit Ratings
Total loans	$ 148,570	136,155
Small business loans | Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
Total loans		136,155
Small business loans | Pass/Watch
Loans and Leases by Credit Ratings
Total loans		131,690
Small business loans | Special Mention
Loans and Leases by Credit Ratings
Total loans		0
Small business loans | Substandard
Loans and Leases by Credit Ratings
Total loans		4,465
Small business loans | Doubtful
Loans and Leases by Credit Ratings
Total loans		0
Residential mortgage | Evaluated by performance status
Loans and Leases by Credit Ratings
Total loans		207,335
Residential mortgage | Performing
Loans and Leases by Credit Ratings
Total loans		205,881
Residential mortgage | Nonperforming
Loans and Leases by Credit Ratings
Total loans		$ 1,454
Number of loans | loan	4	4
Loans at fair value	$ 560	$ 558
Consumer
Loans and Leases by Credit Ratings
Total loans	387	488
Consumer | Evaluated by performance status
Loans and Leases by Credit Ratings
Total loans		488
Consumer | Performing
Loans and Leases by Credit Ratings
Total loans		488
Consumer | Nonperforming
Loans and Leases by Credit Ratings
Total loans		0
Leases, net
Loans and Leases by Credit Ratings
Total loans	$ 151,057	138,986
Leases, net | Evaluated by performance status
Loans and Leases by Credit Ratings
Total loans		138,986
Leases, net | Performing
Loans and Leases by Credit Ratings
Total loans		138,084
Leases, net | Nonperforming
Loans and Leases by Credit Ratings
Total loans		$ 902

Allowance for Credit Losses - I

Allowance for Credit Losses - Impaired loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Individually evaluated loans with related allowance:
Recorded investment	$ 15,530	$ 14,829
Principal balance	16,903	15,825
Related allowance	2,458	2,225
Individually evaluated loans without related allowance:
Recorded investment	9,288	9,349
Principal balance	9,320	9,406
Grand Total
Recorded investment	24,818	24,178
Principal balance	26,223	25,231
Related allowance	2,458	2,225
Commercial and industrial
Individually evaluated loans with related allowance:
Recorded investment	10,986	11,099
Principal balance	12,319	12,095
Related allowance	903	776
Individually evaluated loans without related allowance:
Recorded investment	2,247	1,448
Principal balance	2,277	1,494
Grand Total
Related allowance	903	776
Commercial mortgage
Individually evaluated loans without related allowance:
Recorded investment	2,263	2,445
Principal balance	2,263	2,456
Small business loans
Individually evaluated loans with related allowance:
Recorded investment	4,544	3,730
Principal balance	4,584	3,730
Related allowance	1,555	1,449
Individually evaluated loans without related allowance:
Recorded investment	780	797
Principal balance	780	797
Grand Total
Related allowance	1,555	1,449
Home equity lines and loans
Individually evaluated loans without related allowance:
Recorded investment	985	1,097
Principal balance	987	1,097
Residential mortgage
Individually evaluated loans without related allowance:
Recorded investment	1,440	1,454
Principal balance	1,440	1,454
Construction
Individually evaluated loans without related allowance:
Recorded investment	1,206	1,206
Principal balance	1,206	1,206
Leases, net
Individually evaluated loans without related allowance:
Recorded investment	367	902
Principal balance	$ 367	$ 902

Allowance for Credit Losses -_3

Allowance for Credit Losses - Impaired loan average recorded investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Individually evaluated loans with related allowance:
Average Recorded Investment	$ 15,501	$ 17,153
Interest Income Recognized	0	0
Individually evaluated loans without related allowance:
Average Recorded Investment	9,175	8,122
Interest Income Recognized	90	39
Grand Total
Average Recorded Investment	24,676	25,275
Interest Income Recognized	90	39
Commercial mortgage
Individually evaluated loans without related allowance:
Average Recorded Investment	2,311	3,547
Interest Income Recognized	58	19
Commercial and industrial
Individually evaluated loans with related allowance:
Average Recorded Investment	10,917	16,487
Interest Income Recognized	0	0
Individually evaluated loans without related allowance:
Average Recorded Investment	2,170	454
Interest Income Recognized	0	0
Small business loans
Individually evaluated loans with related allowance:
Average Recorded Investment	4,584	666
Interest Income Recognized	0	0
Individually evaluated loans without related allowance:
Average Recorded Investment	796	117
Interest Income Recognized	2	3
Home equity lines and loans
Individually evaluated loans without related allowance:
Average Recorded Investment	998	1,002
Interest Income Recognized	0	0
Residential mortgage
Individually evaluated loans without related allowance:
Average Recorded Investment	1,445	1,796
Interest Income Recognized	30	2
Construction
Individually evaluated loans without related allowance:
Average Recorded Investment	1,032	1,206
Interest Income Recognized	0	15
Leases, net
Individually evaluated loans without related allowance:
Average Recorded Investment	423	0
Interest Income Recognized	$ 0	$ 0

Allowance for Credit Losses - T

Allowance for Credit Losses - Troubled debt restructuring (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
TDRs included in nonperforming loans and leases	$ 207
TDRs in compliance with modified terms	3,573
Total TDRs	$ 3,780

Allowance for Credit Losses - L

Allowance for Credit Losses - Loan modifications granted categorized as TDRs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan loans
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
Number of loan modifications | loan	1
New loan modifications	$ 684
Number of loans paid off | loans	2
Loan modifications, paid off	$ 563

Short-Term Borrowings and Lon_2

Short-Term Borrowings and Long-Term Debt - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)
Short-Term Borrowings
Borrowings	$ 221,515,000	$ 113,147,000
Letters of credit
Short-Term Borrowings
Maximum borrowing capacity	558,200,000	505,400,000
Proceeds from long term debt	$ 79,700,000
Federal funds purchased
Short-Term Borrowings
Number of borrowing facilities | item	2
Maximum borrowing capacity	$ 0	0
Federal funds purchased, facility one
Short-Term Borrowings
Maximum borrowing capacity	24,000,000
Federal funds purchased, facility two
Short-Term Borrowings
Maximum borrowing capacity	15,000,000
Federal Reserve discount window
Short-Term Borrowings
Maximum borrowing capacity	5,600,000
Borrowings	0	0
BTFP Advances
Short-Term Borrowings
Maximum borrowing capacity	33,000,000
Borrowings	$ 33,000,000	$ 0

Short-Term Borrowings and Lon_3

Short-Term Borrowings and Long-Term Debt - Short-term borrowings (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Short-Term Borrowings
Short term borrowings	$ 221,515	$ 113,147
Maximum
Short-Term Borrowings
Interest rate	5.15%
Minimum
Short-Term Borrowings
Interest rate	3.11%
Open Repo Plus Weekly 0.33 Percent Maturing On 6/05/2023
Short-Term Borrowings
Short term borrowings	$ 173,102	113,147
Mid Term Repo Fixed Maturing On 06/20/2023
Short-Term Borrowings
Interest rate	5.29%
Short term borrowings	$ 15,413	0
BTFP Advances
Short-Term Borrowings
Interest rate	4.76%
Short term borrowings	$ 33,000	$ 0

Short-Term Borrowings and Lon_4

Short-Term Borrowings and Long-Term Debt - Long-term debt (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Long Term Debt
Long-term debt	$ 12,368	$ 8,935
Mid-term Repo Fixed Maturing On 12/22/2025
Long Term Debt
Long term debt, interest rate	4.23%
Long-term debt	$ 8,935	8,935
Mid-term Repo Fixed Maturing On 09/30/2024
Long Term Debt
Long term debt, interest rate	4.60%
Long-term debt	$ 3,433	$ 0

Servicing Assets - Residential

Servicing Assets - Residential Mortgage Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	$ 12,346
Balance at end of the period	12,125
Mortgage Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	1,000,000		$ 1,000,000
Servicing fee income	636	$ 648
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	9,942	10,756
Servicing rights capitalized	0	532
Amortization of servicing rights	(371)	(404)
Change in valuation allowance	2	4
Balance at end of the period	9,573	10,888
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	(2)	(8)
Recovery	2	4
Valuation allowance, end of the period	$ 0	$ (4)

Servicing Assets - MSR Sensitiv

Servicing Assets - MSR Sensitivity Analysis (Details) - Mortgage Servicing Rights - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
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	$ 12,114	$ 11,567
Weighted average life (months)	25 months	22 months
Prepayment speed	5.97%	8.05%
Impact on fair value of a 10% adverse change in prepayment speed	$ (520)	$ (268)
Impact on fair value of a 20% adverse change in prepayment speed	$ (994)	$ (525)
Discount rate	9.50%	9.50%
Impact on fair value of a 10% adverse change in the discount rate	$ (457)	$ (404)
Impact on fair value of a 20% adverse change in the discount rate	$ (921)	$ (777)

Servicing Assets - SBA Loans (D

Servicing Assets - SBA Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	$ 12,346
Balance at end of the period	12,125
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	171,600		$ 166,100
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	2,404	$ 2,009
Servicing rights capitalized	214	593
Amortization of servicing rights	(195)	(125)
Change in valuation allowance	129	31
Balance at end of the period	2,552	2,508
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	(364)	(96)
Recovery	129	31
Valuation allowance, end of the period	$ (235)	$ (65)

Servicing Assets - SBA Sensitiv

Servicing Assets - SBA Sensitivity Analysis (Details) - SBA Loan Servicing Rights - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
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	$ 2,712	$ 2,422
Weighted average life (months)	3 years 9 months 18 days	3 years 9 months 18 days
Prepayment speed	12.51%	12.73%
Impact on fair value of a 10% adverse change in prepayment speed	$ (86)	$ (73)
Impact on fair value of a 20% adverse change in prepayment speed	$ (166)	$ (141)
Discount rate	16.09%	18.96%
Impact on fair value of a 10% adverse change in the discount rate	$ (62)	$ (53)
Impact on fair value of a 20% adverse change in the discount rate	$ (122)	$ (104)

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	Mar. 31, 2023	Dec. 31, 2022
Assets
Fair value	$ 142,933	$ 135,346
Equity investments	2,110	2,086
U.S. asset backed securities
Assets
Fair value	17,592	15,281
U.S. government agency MBS
Assets
Fair value	11,737	11,739
U.S. government agency CMO
Assets
Fair value	25,122	23,318
State and municipal securities
Assets
Fair value	39,793	38,838
Non-U.S. government agency CMO
Assets
Fair value	11,109	9,089
Corporate bonds
Assets
Fair value	7,516	7,558
Recurring
Assets
Equity investments	2,110	2,086
Mortgage loans held for sale	35,701	22,243
Mortgage loans held for investment	14,434	14,502
Total	198,495	178,110
Liabilities
Total	3,348	3,895
Recurring | U.S. asset backed securities
Assets
Fair value	17,592	15,281
Recurring | U.S. government agency MBS
Assets
Fair value	11,737	11,739
Recurring | U.S. government agency CMO
Assets
Fair value	25,122	23,318
Recurring | State and municipal securities
Assets
Fair value	39,793	38,838
Recurring | U.S. Treasuries
Assets
Fair value	30,064	29,523
Recurring | Non-U.S. government agency CMO
Assets
Fair value	11,109	9,089
Recurring | Corporate bonds
Assets
Fair value	7,516	7,558
Recurring | Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	139	87
Liabilities
Derivative Liability	168	79
Recurring | Customer Derivatives - Interest Rate Swaps
Assets
Derivative assets, Fair value	3,178	3,846
Liabilities
Derivative Liability	3,159	3,799
Recurring | Risk Participation Agreements
Liabilities
Derivative Liability	21	17
Recurring | Level 1
Assets
Equity investments	0	0
Mortgage loans held for sale	0	0
Mortgage loans held for investment	0	0
Total	30,064	29,523
Liabilities
Total	0	0
Recurring | Level 1 | U.S. asset backed securities
Assets
Fair value	0	0
Recurring | Level 1 | U.S. government agency MBS
Assets
Fair value	0	0
Recurring | Level 1 | U.S. government agency CMO
Assets
Fair value	0	0
Recurring | Level 1 | State and municipal securities
Assets
Fair value	0	0
Recurring | Level 1 | U.S. Treasuries
Assets
Fair value	30,064	29,523
Recurring | Level 1 | Non-U.S. government agency CMO
Assets
Fair value	0	0
Recurring | Level 1 | Corporate bonds
Assets
Fair value	0	0
Recurring | Level 1 | Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring | Level 1 | Customer Derivatives - Interest Rate Swaps
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring | Level 1 | Risk Participation Agreements
Liabilities
Derivative Liability	0	0
Recurring | Level 2
Assets
Equity investments	2,110	2,086
Mortgage loans held for sale	35,701	22,243
Mortgage loans held for investment	14,434	14,502
Total	168,292	148,500
Liabilities
Total	3,180	3,816
Recurring | Level 2 | U.S. asset backed securities
Assets
Fair value	17,592	15,281
Recurring | Level 2 | U.S. government agency MBS
Assets
Fair value	11,737	11,739
Recurring | Level 2 | U.S. government agency CMO
Assets
Fair value	25,122	23,318
Recurring | Level 2 | State and municipal securities
Assets
Fair value	39,793	38,838
Recurring | Level 2 | U.S. Treasuries
Assets
Fair value	0	0
Recurring | Level 2 | Non-U.S. government agency CMO
Assets
Fair value	11,109	9,089
Recurring | Level 2 | Corporate bonds
Assets
Fair value	7,516	7,558
Recurring | Level 2 | Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring | Level 2 | Customer Derivatives - Interest Rate Swaps
Assets
Derivative assets, Fair value	3,178	3,846
Liabilities
Derivative Liability	3,159	3,799
Recurring | Level 2 | Risk Participation Agreements
Liabilities
Derivative Liability	21	17
Recurring | Level 3
Assets
Equity investments	0	0
Mortgage loans held for sale	0	0
Mortgage loans held for investment	0	0
Total	139	87
Liabilities
Total	168	79
Recurring | Level 3 | U.S. asset backed securities
Assets
Fair value	0	0
Recurring | Level 3 | U.S. government agency MBS
Assets
Fair value	0	0
Recurring | Level 3 | U.S. government agency CMO
Assets
Fair value	0	0
Recurring | Level 3 | State and municipal securities
Assets
Fair value	0	0
Recurring | Level 3 | U.S. Treasuries
Assets
Fair value	0	0
Recurring | Level 3 | Non-U.S. government agency CMO
Assets
Fair value		0
Recurring | Level 3 | Corporate bonds
Assets
Fair value	0	0
Recurring | Level 3 | Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	139	87
Liabilities
Derivative Liability	168	79
Recurring | Level 3 | Customer Derivatives - Interest Rate Swaps
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring | Level 3 | Risk Participation Agreements
Liabilities
Derivative Liability	$ 0	$ 0

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	Mar. 31, 2023	Dec. 31, 2022
Financial assets measured at fair value on a nonrecurring basis
Mortgage servicing rights	$ 9,573	$ 9,942
SBA loan servicing rights	2,552	2,404
Total	15,114	14,627
Small business loans
Financial assets measured at fair value on a nonrecurring basis
Impaired loans	$ 2,989	$ 2,281

Fair Value Measurements and D_5

Fair Value Measurements and Disclosures - Level 3 valuation (Details) - Level 3 - Valuation, Income Approach - Measurement Input, Appraised Value $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 2,989	$ 2,281
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)	0.02	0.02
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)	0.15	0.15

Fair Value Measurements and D_6

Fair Value Measurements and Disclosures - Estimated fair values of financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financial assets:
Loans at fair value	$ 14,434	$ 14,502
Level 1 | Carrying amount
Financial assets:
Cash and cash equivalents	108,503	38,391
Level 1 | Fair value
Financial assets:
Cash and cash equivalents	108,503	38,391
Level 2 | Carrying amount
Financial assets:
Mortgage loans held for sale	35,701	22,243
Mortgage loans held for investment	14,434	14,502
Financial liabilities:
Deposits	1,770,413	1,712,479
Borrowings	233,883	122,082
Subordinated debentures	40,319	40,346
Level 2 | Fair value
Financial assets:
Mortgage loans held for sale	35,701	22,243
Mortgage loans held for investment	14,434	14,502
Financial liabilities:
Deposits	1,711,600	1,575,600
Borrowings	233,883	122,082
Subordinated debentures	40,865	40,020
Level 3 | Carrying amount
Financial assets:
Loans at fair value	1,803,755	1,729,180
Level 3 | Fair value
Financial assets:
Loans at fair value	$ 1,761,865	$ 1,679,955

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
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of the period	$ 87	$ 1,122
Decrease in value	52	(535)
Balance at end of the period	$ 139	$ 587

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 - Valuation Technique, Consensus Pricing Model $ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset	$ 139	$ 87
Valuation technique extensible list	Valuation Technique, Consensus Pricing Model	Valuation Technique, Consensus Pricing Model
Measurement input extensible list	Loan Origination Success Rate [Member]	Loan Origination Success Rate [Member]
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input	0	0
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input	1	1
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input	0.7734	0.8405

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional amounts and fair values of derivative financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivative Financial Instruments
Notional amount	$ 152,715	$ 127,456
Assets (liabilities) fair value	(31)	38
Interest Rate Lock Commitments
Derivative Financial Instruments
Notional amount	58,701	32,698
Assets (liabilities) fair value	(29)	8
Interest Rate Lock Commitments | Other assets
Derivative Financial Instruments
Notional amount	31,591	16,590
Assets (liabilities) fair value	139	87
Interest Rate Lock Commitments | Other liabilities
Derivative Financial Instruments
Notional amount	27,110	16,108
Assets (liabilities) fair value	(168)	(79)
Customer Derivatives - Interest Rate Swaps
Derivative Financial Instruments
Notional amount	86,844	87,558
Assets (liabilities) fair value	19	47
Customer Derivatives - Interest Rate Swaps | Other assets
Derivative Financial Instruments
Notional amount	43,422	43,779
Assets (liabilities) fair value	3,178	3,846
Customer Derivatives - Interest Rate Swaps | Other liabilities
Derivative Financial Instruments
Notional amount	43,422	43,779
Assets (liabilities) fair value	(3,159)	(3,799)
Risk Participation Agreements
Derivative Financial Instruments
Notional amount	7,170	7,200
Assets (liabilities) fair value	(21)	(17)
Risk Participation Agreements | Other assets
Derivative Financial Instruments
Notional amount	0	0
Assets (liabilities) fair value	0	0
Risk Participation Agreements | Other liabilities
Derivative Financial Instruments
Notional amount	7,170	7,200
Assets (liabilities) fair value	$ (21)	$ (17)

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair value gains and losses on derivative financial instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	$ (69)	$ (167)
Net unrealized gains on derivative hedging activities	0	2,800
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	(37)	(1,140)
Forward Commitments
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	0	940
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	(28)	33
Risk Participation Agreements
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	$ (4)	$ 0

Segments - Narrative (Details)

Segments - Narrative (Details)	3 Months Ended
	Mar. 31, 2023 office
Mortgage
Segments
Number of loan production offices	13

Segments - Business segment (De

Segments - Business segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Net-interest Income:
Net interest income	$ 17,677	$ 16,035
Provision for credit losses	1,399	615
Net interest income after provision for credit losses	16,278	15,420
Non-interest Income
Mortgage banking income	3,272	7,096
SBA loan income	713	2,520
Net change in fair values	47	(2,068)
Net gain on hedging activity	0	2,827
Other	1,410	1,423
Total non-interest income	6,638	13,102
Total non-interest expense	17,789	21,433
Income (loss) before income taxes	5,127	7,089
Total Assets	2,229,783	1,831,589	$ 2,062,228
Bank
Net-interest Income:
Net interest income	17,627	15,610
Provision for credit losses	1,399	615
Net interest income after provision for credit losses	16,228	14,995
Non-interest Income
Mortgage banking income	58	196
SBA loan income	713	2,520
Net change in fair values	(31)	32
Net gain on hedging activity	0	0
Other	689	628
Total non-interest income	1,429	3,376
Total non-interest expense	10,698	10,208
Income (loss) before income taxes	6,959	8,163
Total Assets	2,171,679	1,728,329
Wealth
Net-interest Income:
Net interest income	24	94
Provision for credit losses	0	0
Net interest income after provision for credit losses	24	94
Non-interest Income
Mortgage banking income	0	0
SBA loan income	0	0
Net change in fair values	0	0
Net gain on hedging activity	0	0
Other	0	(1)
Total non-interest income	1,196	1,303
Total non-interest expense	989	878
Income (loss) before income taxes	231	519
Total Assets	8,090	7,251
Mortgage
Net-interest Income:
Net interest income	26	331
Provision for credit losses	0	0
Net interest income after provision for credit losses	26	331
Non-interest Income
Mortgage banking income	3,214	6,900
SBA loan income	0	0
Net change in fair values	78	(2,100)
Net gain on hedging activity	0	2,827
Other	721	796
Total non-interest income	4,013	8,423
Total non-interest expense	6,102	10,347
Income (loss) before income taxes	(2,063)	(1,593)
Total Assets	50,014	96,009
Wealth management income
Non-interest Income
Revenue from contract with customer	1,196	1,304
Wealth management income | Bank
Non-interest Income
Revenue from contract with customer	0	0
Wealth management income | Wealth
Non-interest Income
Revenue from contract with customer	1,196	1,304
Wealth management income | Mortgage
Non-interest Income
Revenue from contract with customer	$ 0	$ 0