Meridian (MRBK) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 06, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	000-55983
Entity Registrant Name	Meridian Corp
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	83-1561918
Entity Address, Address Line One	9 Old Lincoln Highway
Entity Address, City or Town	Malvern
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19355
City Area Code	484
Local Phone Number	568-5000
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	MRBK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,190,875
Entity Central Index Key	0001750735
Amendment Flag	false
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 8,457	$ 10,067
Interest-bearing deposits at other banks	15,601	46,630
Cash and cash equivalents	24,058	56,697
Securities available-for-sale, at fair value (amortized cost of $169,751 and $156,492, respectively)	159,141	146,019
Securities held-to-maturity, at amortized cost (fair value of $31,695 and $32,730, respectively)	35,089	35,781
Equity investments	2,088	2,121
Mortgage loans held for sale	54,278	24,816
Loans and other finance receivables, net of fees and costs	1,988,535	1,895,806
Allowance for credit losses	(21,703)	(22,107)
Loans and other finance receivables, net of the allowance for credit losses	1,966,832	1,873,699
Restricted investment in bank stock	10,044	8,072
Bank premises and equipment, net	13,114	13,557
Bank owned life insurance	29,267	28,844
Accrued interest receivable	9,973	9,325
Other real estate owned	1,862	1,703
Deferred income taxes	3,950	4,201
Servicing assets	11,341	11,748
Goodwill	899	899
Intangible assets	2,869	2,971
Other assets	26,779	25,740
Total assets	2,351,584	2,246,193
Deposits:
Non-interest bearing	224,040	239,289
Interest bearing	1,691,396	1,584,173
Total deposits	1,915,436	1,823,462
Borrowings	187,260	174,896
Subordinated debentures	49,897	49,836
Accrued interest payable	7,709	10,324
Other liabilities	28,900	29,653
Total liabilities	2,189,202	2,088,171
Stockholders’ equity:
Common stock, $1 par value per share. $25,000,000 shares authorized; 13,194,058 and $13,186,198 shares issued and 11,190,875 and 11,183,015 shares outstanding, respectively	13,194	13,186
Surplus	80,639	80,325
Treasury stock, 2,003,183 shares, at cost	(26,079)	(26,079)
Unearned common stock held by employee stock ownership plan	(1,204)	(1,204)
Retained earnings	104,420	101,216
Accumulated other comprehensive loss	(8,588)	(9,422)
Total stockholders’ equity	162,382	158,022
Total liabilities and stockholders’ equity	$ 2,351,584	$ 2,246,193

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Amortized cost	$ 169,751	$ 156,492
Securities, held-to-maturity, fair value	$ 31,695	$ 32,730
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)	13,194,058	13,186,198
Common stock, outstanding (in shares)	11,190,875	11,183,015
Treasury stock held (in shares)	2,003,183	2,003,183

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income:
Loans and other finance receivables, including fees	$ 36,486	$ 32,215	$ 71,825	$ 61,632
Securities - taxable	1,324	992	2,575	1,951
Securities - tax-exempt	324	351	649	705
Cash and cash equivalents	331	278	631	495
Total interest income	38,465	33,836	75,680	64,783
Interest expense:
Deposits	18,991	14,023	36,383	25,470
Borrowings and subordinated debentures	2,628	2,715	5,842	4,538
Total interest expense	21,619	16,738	42,225	30,008
Net interest income	16,846	17,098	33,455	34,775
Provision (recovery of provision) for credit losses	2,680	705	5,546	2,104
Net interest income after provision for credit losses	14,166	16,393	27,909	32,671
Non-interest income:
Mortgage banking income	$ 5,420	$ 5,050	$ 9,054	$ 8,322
Type of Revenue, Extensible List	Investment Advice [Member]	Investment Advice [Member]	Investment Advice [Member]	Investment Advice [Member]
Wealth management income	$ 1,444	$ 1,235	$ 2,761	$ 2,431
SBA loan income	785	1,767	1,771	2,480
Earnings on investment in life insurance	215	193	422	385
Net change in the fair value of derivative instruments	203	183	278	114
Net change in the fair value of loans held-for-sale	(29)	(199)	(31)	(200)
Net change in the fair value of loans held-for-investment	(24)	(219)	(199)	(102)
Net loss on hedging activity	(63)	(1)	(82)	(1)
Net loss on sale of investment securities available-for-sale	0	(54)	0	(54)
Other	1,293	1,169	3,254	2,387
Total non-interest income	9,244	9,124	17,228	15,762
Non-interest expense:
Salaries and employee benefits	11,437	12,152	22,010	23,213
Occupancy and equipment	1,230	1,140	2,463	2,384
Professional fees	1,029	1,004	2,527	1,827
Data processing and software	1,506	1,681	3,038	3,113
Advertising and promotion	989	1,091	1,737	1,952
Pennsylvania bank shares tax	274	245	548	490
Other	2,553	2,302	4,869	4,425
Total non-interest expense	19,018	19,615	37,192	37,404
Income before income taxes	4,392	5,902	7,945	11,029
Income tax expense	1,066	1,257	1,943	2,363
Net income	$ 3,326	$ 4,645	$ 6,002	$ 8,666
Basic earnings per common share (in USD per share)	$ 0.30	$ 0.42	$ 0.54	$ 0.78
Diluted earnings per common share (in USD per share)	$ 0.30	$ 0.41	$ 0.54	$ 0.75
Basic weighted average shares outstanding (in shares)	11,096	11,062	11,092	11,167
Diluted weighted average shares outstanding (in shares)	11,150	11,304	11,178	11,494

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income:	$ 3,326	$ 4,645	$ 6,002	$ 8,666
Net change in unrealized gains (losses) on investment securities available for sale:
Change in fair value of investment securities, net of tax of $53 and $(371), $(31) and $83 respectively	206	(1,356)	(106)	292
Reclassification adjustment for net losses realized in net income, net of tax effect of $0, $11, $0, and 11, respectively,	0	43	0	43
Reclassification adjustment for investment securities transferred to held-to-maturity, net of tax effect of $7 and $6, $14 and $12 respectively	22	23	44	45
Unrealized investment gains (losses), net of tax effect of $60 and $(353),$(17) and $107 respectively	228	(1,290)	(62)	380
Net change in unrealized gains on interest rate swaps used in cash flow hedges, net of tax effect of $43 , $97, $260 and $97, respectively	133	338	896	338
Total other comprehensive income (loss)	361	(952)	834	718
Total comprehensive income	$ 3,687	$ 3,693	$ 6,836	$ 9,384

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Tax expense (benefit) on unrealized gains arising during the period	$ 53	$ (371)	$ (31)	$ 83
Tax expense (benefit) on reclassification adjustment for net gains on sales realized in net income	0	(11)	0	(11)
Tax expense (benefit) on reclassification adjustment for transfer to held-to-maturity	7	6	14	12
Tax expense (benefit) on unrealized investment gains (losses)	60	(353)	(17)	107
Tax expense (benefit) on unrealized gains (losses) on interest rate swaps used in cash flow hedges	$ 43	$ 97	$ 260	$ 97

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Adjustment to initially apply ASU No. 2016-13 for CECL, net of tax	Common Stock	Surplus	Treasury Stock	Unearned ESOP	Retained Earnings	Retained Earnings Adjustment to initially apply ASU No. 2016-13 for CECL, net of tax	AOCI
Balance beginning 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	8,666						8,666
Other comprehensive income (loss)	718								718
Dividends declared	(2,819)						(2,819)
Net purchase of treasury stock through publicly announced plans	(4,258)				(4,258)
Common stock issued through share-based awards and exercises	169		25	144
Stock based compensation expense	434			434
Balance ending of the period at Jun. 30, 2023	153,962		13,181	79,650	(26,079)	(1,403)	99,434		(10,821)
Balance beginning of the period at Mar. 31, 2023	153,049		13,180	79,473	(24,512)	(1,403)	96,180		(9,869)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,645						4,645
Other comprehensive income (loss)	(952)								(952)
Dividends declared	(1,391)						(1,391)
Net purchase of treasury stock through publicly announced plans	(1,567)				(1,567)
Common stock issued through share-based awards and exercises	21		1	20
Stock based compensation expense	157			157
Balance ending of the period at Jun. 30, 2023	153,962		13,181	79,650	(26,079)	(1,403)	99,434		(10,821)
Balance beginning of the period at Dec. 31, 2023	158,022		13,186	80,325	(26,079)	(1,204)	101,216		(9,422)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,002						6,002
Other comprehensive income (loss)	834								834
Dividends declared	(2,798)						(2,798)
Common stock issued through share-based awards and exercises	69		8	61
Stock based compensation expense	253			253
Balance ending of the period at Jun. 30, 2024	162,382		13,194	80,639	(26,079)	(1,204)	104,420		(8,588)
Balance beginning of the period at Mar. 31, 2024	159,936		13,189	80,487	(26,079)	(1,204)	102,492		(8,949)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,326						3,326
Other comprehensive income (loss)	361								361
Dividends declared	(1,398)						(1,398)
Common stock issued through share-based awards and exercises	46		5	41
Stock based compensation expense	111			111
Balance ending of the period at Jun. 30, 2024	$ 162,382		$ 13,194	$ 80,639	$ (26,079)	$ (1,204)	$ 104,420		$ (8,588)

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.125	$ 0.125	$ 0.250	$ 0.250
Treasury stock (in shares)		127,849		312,447

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Net income	$ 6,002	$ 8,666
Adjustments to reconcile net income to net cash used in operating activities:
Loss on sale of investment securities	0	54
Net amortization of investment premiums and discounts and change in fair value of equity securities	1,009	498
Depreciation and amortization (accretion), net	1,808	145
Provision for credit losses	5,546	2,104
Amortization of issuance costs on subordinated debt	61	56
Stock based compensation	253	434
Net change in fair value of derivative instruments	(278)	(114)
Net change in fair value of loans held for sale	31	200
Net change in fair value of loans held for investment	199	102
Amortization and net impairment of servicing rights	369	180
SBA loan income	(1,771)	(2,480)
Proceeds from sale of loans	341,743	306,003
Loans originated for sale	(362,144)	(316,437)
Mortgage banking income	(9,054)	(8,322)
Increase in accrued interest receivable	(648)	(288)
Increase in other assets	(703)	(3,354)
Earnings from investment in bank owned life insurance	(422)	(385)
Decrease (increase) in deferred income tax	35	(100)
(Decrease) increase in accrued interest payable	(2,615)	3,223
Decrease in other liabilities	(336)	(1,730)
Net cash used in operating activities	(20,915)	(11,545)
Activity in available-for-sale securities:
Maturities, repayments and calls	6,989	4,590
Sales	0	13,514
Purchases	(21,087)	(11,571)
Activity in held-to-maturity securities:
Maturities, repayments and calls	555	865
Increase in restricted stock	(1,972)	(2,226)
Net increase in loans	(95,854)	(120,124)
Purchases of premises and equipment	(1,964)	(601)
Net cash used in investing activities	(113,333)	(115,553)
Cash flows from financing activities:
Net increase in deposits	91,974	70,126
Increase in short-term borrowings	1,770	69,122
Increase in long-term debt	10,594	3,432
Repayment of subordinated debt	0	(54)
Net purchase of treasury stock	0	(4,259)
Dividends paid	(2,798)	(2,819)
Share based awards and exercises	69	25
Net cash provided by financing activities	101,609	135,573
Net change in cash and cash equivalents	(32,639)	8,475
Cash and cash equivalents at beginning of period	56,697	38,391
Cash and cash equivalents at end of period	24,058	46,866
Cash paid during the period for:
Interest	44,840	26,785
Income taxes	707	308
Transfers from loans held for sale to loans held for investment	0	351
Net loans sold, not settled	$ 0	$ 9,205

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	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, 2023), 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 and six months ended June 30, 2024 are not necessarily indicative of the results for the year ending December 31, 2024 or for any other period. Pronouncements Adopted in 2024 The following pronouncements were adopted in 2024, but did not have a material impact on our consolidated financial statements. • 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” • FASB ASU 2023-02, "Investments Equity Method and Joint Ventures (Topic 323) Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method" Pronouncements Not Yet Effective as of June 30, 2024: FASB ASU 2023-07, “Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures” The amendments in this update improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this update also do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Corporation is currently evaluating the impact on its disclosures. FASB ASU 2023-09, “Income Taxes (Topic 740) Improvements to Income Tax Disclosures” The amendments in this update address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This update also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in this update are effective for fiscal years beginning after December 15, 2024 and are to be applied on a prospective basis. Early adoption is permitted.The Corporation is currently evaluating the impact on its disclosures. FASB ASU 2024-01 Stock Compensation - Scope Application of Profits Interest and Similar Awards The amendments in this update improve the understandability of paragraph 718-10-15-3 apply to all entities that enter into share-based payments transactions. The amendments in this update are effective for fiscal years beginning after December 15, 2024 and are to be applied on a prospective basis. The Corporation is currently evaluating the impact on its disclosures. FASB ASU No. 2023-06, "Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative". This ASU amends the disclosure or presentation requirements related to various subtopics in the FASB ASC. The amendments in this ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC's regulations. For entities subject to the SEC's existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity.

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Jun. 30, 2024
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. 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 Six months ended (dollars in thousands, except per share data) 2024 2023 2024 2023 Numerator for earnings per share: Net income available to common stockholders $ 3,326 $ 4,645 $ 6,002 $ 8,666 Denominators for earnings per share: Weighted average shares outstanding 11,247 11,240 11,246 11,348 Average unearned ESOP shares (151) (178) (154) (181) Basic weighted averages shares outstanding 11,096 11,062 11,092 11,167 Dilutive effects of assumed exercises of stock options 54 72 86 165 Dilutive effects of SERP shares — 170 — 162 Diluted weighted averages shares outstanding 11,150 11,304 11,178 11,494 Basic earnings per share $ 0.30 $ 0.42 $ 0.54 $ 0.78 Diluted earnings per share $ 0.30 $ 0.41 $ 0.54 $ 0.75 Antidilutive shares excluded from computation of average dilutive earnings per share 587 512 587 507

Securities

Securities	6 Months Ended
	Jun. 30, 2024
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: June 30, 2024 (dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Allowance for credit losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 19,839 $ 58 $ (132) $ — $ 19,765 10 U.S. government agency MBS 22,200 174 (472) — 21,902 13 U.S. government agency CMO 28,851 — (2,264) — 26,587 34 State and municipal securities 41,224 — (4,298) — 36,926 32 U.S. Treasuries 32,984 — (2,513) — 30,471 25 Non-U.S. government agency CMO 15,663 81 (487) — 15,257 12 Corporate bonds 8,990 82 (839) — 8,233 13 Total securities available-for-sale $ 169,751 $ 395 $ (11,005) $ — $ 159,141 139 Amortized cost Gross unrecognized gains Gross unrecognized losses Allowance for credit losses Fair value # of Securities in unrecognized loss position Securities held to maturity: State and municipal securities $ 35,089 $ 9 $ (3,403) $ — $ 31,695 21 Total securities held-to-maturity $ 35,089 $ 9 $ (3,403) $ — $ 31,695 21 December 31, 2023 Amortized cost Gross unrealized gains Gross unrealized losses Allowance for credit losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 17,012 $ 25 $ (213) $ — $ 16,824 11 U.S. government agency MBS 22,750 364 (480) — 22,634 14 U.S. government agency CMO 21,850 — (2,277) — 19,573 30 State and municipal securities 40,093 — (3,877) — 36,216 31 U.S. Treasuries 32,982 — (2,560) — 30,422 25 Non-U.S. government agency CMO 13,605 102 (552) — 13,155 9 Corporate bonds 8,200 — (1,005) — 7,195 13 Total securities available-for-sale $ 156,492 $ 491 $ (10,964) $ — $ 146,019 133 Amortized cost Gross unrecognized gains Gross unrecognized losses Allowance for credit losses Fair value # of Securities in unrecognized loss position Securities held to maturity: State and municipal securities $ 35,781 $ 52 $ (3,103) $ — $ 32,730 21 Total securities held-to-maturity $ 35,781 $ 52 $ (3,103) $ — $ 32,730 21 Although the Corporation’s investment portfolio overall is in a net unrealized loss position at June 30, 2024, 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 warranted an ACL. 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: June 30, 2024 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses Securities available-for-sale: U.S. asset backed securities $ 7,348 $ (31) $ 4,019 $ (101) $ 11,367 $ (132) U.S. government agency MBS 3,577 (90) 8,156 (382) 11,733 (472) U.S. government agency CMO 7,771 (50) 18,816 (2,214) 26,587 (2,264) State and municipal securities 1,491 (5) 35,435 (4,293) 36,926 (4,298) U.S. Treasuries — — 30,471 (2,513) 30,471 (2,513) Non-U.S. government agency CMO 5,402 (22) 5,566 (465) 10,968 (487) Corporate bonds — — 7,362 (839) 7,362 (839) Total securities available-for-sale $ 25,589 $ (198) $ 109,825 $ (10,807) $ 135,414 $ (11,005) Less than 12 Months 12 Months or more Total Fair Unrecognized Fair Unrecognized Fair Unrecognized Securities held-to-maturity: State and municipal securities $ 1,047 $ (21) $ 29,339 $ (3,382) $ 30,386 $ (3,403) Total securities held-to-maturity $ 1,047 $ (21) $ 29,339 $ (3,383) $ 30,386 $ (3,403) December 31, 2023 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Securities available-for-sale: U.S. asset backed securities $ 4,981 $ (25) $ 6,195 $ (188) $ 11,176 $ (213) U.S. government agency MBS 4,864 (35) 8,170 (445) 13,034 (480) U.S. government agency CMO 2,687 (36) 16,886 (2,241) 19,573 (2,277) State and municipal securities — — 36,216 (3,877) 36,216 (3,877) U.S. Treasuries — — 30,422 (2,560) 30,422 (2,560) Non-U.S. government agency CMO 1,127 (4) 6,065 (548) 7,192 (552) Corporate bonds 907 (93) 6,288 (912) 7,195 (1,005) Total securities available-for-sale $ 14,566 $ (193) $ 110,242 $ (10,771) $ 124,808 $ (10,964) Less than 12 Months 12 Months or more Total Fair Unrecognized Fair Unrecognized Fair Unrecognized Securities held-to-maturity: State and municipal securities $ 1,021 $ (6) $ 29,404 $ (3,097) $ 30,425 $ (3,103) Total securities held-to-maturity $ 1,021 $ (6) $ 29,404 $ (3,097) $ 30,425 $ (3,103) 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. June 30, 2024 Available-for-sale Held-to-maturity (dollars in thousands) Amortized cost Fair value Amortized cost Fair value Due in one year or less $ — $ — $ — $ — Due after one year through five years 32,984 30,471 3,225 3,200 Due after five years through ten years 18,451 17,131 5,775 4,835 Due after ten years 51,602 47,793 26,089 23,660 Subtotal 103,037 95,395 35,089 31,695 Mortgage-related securities 66,714 63,746 — — Total $ 169,751 $ 159,141 $ 35,089 $ 31,695 There were no sales of investment securities available for sale for the three and six month ended June 30, 2024. Proceeds from sales of investments for the three and six months ended June 30, 2023 was $13.5 million with $54 thousand in gross losses recognized. 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. For the three and six months ended June 30, 2024 and 2023, we had no significant ACL or provision expense and no charge-offs or recoveries on AFS or HTM securities. Pledged Securities As of June 30, 2024 and December 31, 2023, securities having a carrying value of $54.3 million and $60.1 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.

Loans and Other Finance Receiva

Loans and Other Finance Receivables	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Loans and Other Finance Receivables	Loans and Other Finance Receivables The following table presents loans and other finance receivables detailed by category at the dates indicated: (dollars in thousands) June 30, December 31, Real estate loans: Commercial mortgage $ 775,298 $ 737,863 Home equity lines and loans 83,828 76,287 Residential mortgage 259,469 260,604 Construction 262,624 246,440 Total real estate loans 1,381,219 1,321,194 Commercial and industrial 352,471 302,891 Small business loans 151,458 142,342 Consumer 369 389 Leases, net 97,624 121,632 Total loans and other finance receivables $ 1,983,141 $ 1,888,448 Balances included in loans and other finance receivables, net of fees and costs: Residential mortgage real estate loans accounted under fair value option, at fair value $ 12,900 $ 13,726 Residential mortgage real estate loans accounted under fair value option, at amortized cost 15,609 16,198 Unearned lease income included in leases, net (13,404) (19,210) Unamortized net deferred loan origination costs $ 5,394 $ 7,358 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 The following tables present an aging of the Corporation’s loans at the dates indicated: June 30, 2024 (dollars in thousands) 30-89 days past due Current Total accruing loans and leases Nonaccrual loans and leases Total loans portfolio and leases % Delinquent Commercial mortgage $ 864 $ 774,434 $ 775,298 $ — $ 775,298 0.11 % Home equity lines and loans 136 82,523 82,659 1,169 83,828 1.56 Residential mortgage (1) 3,468 251,233 254,701 4,768 259,469 3.17 Construction 4,945 255,895 260,840 1,784 262,624 2.56 Commercial and industrial — 339,124 339,124 13,347 352,471 3.79 Small business loans — 137,185 137,185 14,273 151,458 9.42 Consumer — 369 369 — 369 — Leases, net 1,359 93,965 95,324 2,300 97,624 3.75 % Total $ 10,772 $ 1,934,728 $ 1,945,500 $ 37,641 $ 1,983,141 2.44 % (1) Includes $12.9 million of loans at fair value of which $12.4 million are current, $0 are 30-89 days past due and $451 thousand are nonaccrual. December 31, 2023 (dollars in thousands) 30-89 days past due Current Total accruing loans and leases Nonaccrual loans and leases Total loans portfolio and leases % Delinquent Commercial mortgage $ 571 $ 737,292 $ 737,863 $ — $ 737,863 0.08 % Home equity lines and loans 566 74,684 75,250 1,037 76,287 2.10 Residential mortgage (1) 1,103 254,965 256,068 4,536 260,604 2.16 Construction — 245,234 245,234 1,206 246,440 0.49 Commercial and industrial — 287,478 287,478 15,413 302,891 5.09 Small business loans 1,499 131,403 132,902 9,440 142,342 7.69 Consumer — 389 389 — 389 — Leases, net 2,197 117,304 119,501 2,131 121,632 3.56 % Total $ 5,936 $ 1,848,749 $ 1,854,685 $ 33,763 $ 1,888,448 2.10 % (1) Includes $13.7 million of loans at fair value of which $12.9 million are current, $0 are 30-89 days past due and $786 thousand are nonaccrual. There were no loans in the tables above as of June 30, 2024 or December 31, 2023 that were 90+days past due and still accruing interest. Subsequent Event On July 17, 2024 Meridian repurchased, at a discount of $575 thousand, the remaining balance of a commercial loan participation to another bank. The impact of this loan repurchase increased the balance of non-performing loans by $2.1 million and also increased the ACL by approximately the amount of the discount. In addition to the value created by the discount, this transaction will streamline collection and workout efforts. Foreclosed and Repossessed Assets At June 30, 2024 and December 31, 2023, there were 4 consumer mortgage loans secured by residential real estate properties (included in loans, net of fees and costs on the Consolidated Balance Sheets) totaling $1.3 million and $937 thousand, respectively, 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 tables 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 June 30, 2024 and December 31, 2023. As of this date here were no loans 90 days or more past due and still accruing. June 30, 2024 December 31, 2023 (dollars in thousands) Nonaccrual without ACL Nonaccrual with ACL Total nonaccrual Nonaccrual without ACL Nonaccrual with ACL Total nonaccrual Commercial mortgage $ — $ — $ — $ — $ — $ — Home equity lines and loans 1,169 — 1,169 1,037 — 1,037 Residential mortgage 4,487 281 4,768 4,536 — 4,536 Construction 1,784 — 1,784 1,206 — 1,206 Commercial and industrial 433 12,914 13,347 3,343 12,070 15,413 Small business loans 3,821 10,452 14,273 3,607 5,833 9,440 Leases, net 2,300 — 2,300 2,131 — 2,131 Total $ 13,994 $ 23,647 $ 37,641 $ 15,860 $ 17,903 $ 33,763 Collateral-dependent Loans The following tables presents the amortized cost basis of non-accruing collateral-dependent loans by class or loans as of June 30, 2024 and December 31, 2023 under the current expected credit loss model: June 30, 2024 December 31, 2023 (dollars in thousands) Real estate Equipment and other Total Real estate Equipment and other Total Commercial mortgage $ — $ — $ — $ — $ — $ — Home equity lines and loans 1,169 — 1,169 1,037 — 1,037 Residential mortgage 4,768 — 4,768 4,536 — 4,536 Construction 1,784 — 1,784 1,206 — 1,206 Commercial and industrial 1,598 11,749 13,347 1,890 13,523 15,413 Small business loans 11,250 3,023 14,273 6,320 3,120 9,440 Leases, net — 2,300 2,300 — 2,131 2,131 Total $ 20,569 $ 17,072 $ 37,641 $ 14,989 $ 18,774 $ 33,763

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2024
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses The ACL is maintained at a level considered adequate to provide for estimated expected credit losses within the loan portfolio over the contractual life of an instrument that considers our historical loss experience, current conditions and forecasts of future economic conditions as of the balance sheet date. 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 ACL by Portfolio Segment The following tables provide the activity of our allowance for credit losses for the three and six months ended June 30, 2024 and June 30, 2023 under the CECL model in accordance with ASC 326 (as adopted on January 1, 2023): Three Months Ended June 30, 2024 (dollars in thousands) Beginning Balance Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,179 $ — $ — $ (503) $ 3,676 Home equity lines and loans 958 (86) 26 216 1,114 Residential mortgage 1,177 — — (118) 1,059 Construction 583 — — 8 591 Commercial and industrial 5,083 (1,620) — 1,348 4,811 Small business loans 7,805 (1,392) 64 1,021 7,498 Consumer 1 — 1 (2) — Leases, net 3,385 (1,254) 147 676 2,954 Total $ 23,171 $ (4,352) $ 238 $ 2,646 $ 21,703 Six Months Ended June 30, 2024 (dollars in thousands) Beginning Balance Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,375 $ — $ — $ (699) $ 3,676 Home equity lines and loans 998 (86) 27 175 1,114 Residential mortgage 1,020 — — 39 1,059 Construction 485 — — 106 591 Commercial and industrial 4,518 (1,828) 2 2,119 4,811 Small business loans 7,005 (1,479) 67 1,905 7,498 Consumer — (1) 2 (1) — Leases, net 3,706 (3,402) 273 2,377 2,954 Total $ 22,107 $ (6,796) $ 371 $ 6,021 $ 21,703 Three Months Ended June 30, 2023 (dollars in thousands) Beginning Balance Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 3,475 $ — $ — $ (226) $ 3,249 Home equity lines and loans 615 (54) 1 228 790 Residential mortgage 868 — — 179 1,047 Construction 1,119 — — 175 1,294 Commercial and industrial 2,733 — 17 (509) 2,241 Small business loans 6,316 (326) — 878 6,868 Consumer — — 1 (1) — Leases, net 5,316 (775) 149 63 4,753 Total $ 20,442 $ (1,155) $ 168 $ 787 $ 20,242 Six Months Ended June 30, 2023 (dollars in thousands) Beginning Balance Adjustment to initially apply ASU No. 2016-13 for CECL Charge-offs Recoveries Provision (Reversal) Ending balance Commercial mortgage $ 4,095 $ (526) $ — $ — $ (320) $ 3,249 Home equity lines and loans 188 439 (87) 3 247 790 Residential mortgage 948 17 — — 82 1,047 Construction 3,075 (1,763) — — (18) 1,294 Commercial and industrial 4,012 (1,023) — 56 (804) 2,241 Small business loans 4,909 1,110 (326) — 1,175 6,868 Consumer 3 (3) — 2 (2) — Leases, net 1,598 3,345 (2,239) 152 1,897 4,753 Total $ 18,828 $ 1,596 $ (2,652) $ 213 $ 2,257 $ 20,242 Reconciliation of Provision for Credit Losses The following table provides a reconciliation of the provision for credit losses on the consolidated statements of income between the funded and unfunded components at the dates indicated: Three Months Ended Six Months Ended (dollars in thousands) 2024 2023 2024 2023 Provision for credit losses - funded $ 2,646 $ 787 $ 6,021 $ 2,257 Provision (recovery) for credit losses - unfunded 34 (82) (475) (153) Total provision for credit losses $ 2,680 $ 705 $ 5,546 $ 2,104 Allowance Allocated by Portfolio Segment The following tables detail the allocation of the ACL and the carrying value for loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases at the dates indicated: June 30, 2024 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually evaluated Collectively evaluated Total Individually evaluated Collectively evaluated Total Commercial mortgage $ — $ 3,676 $ 3,676 $ — $ 775,298 $ 775,298 Home equity lines and loans — 1,114 1,114 1,169 82,659 83,828 Residential mortgage 2 1,057 1,059 4,317 242,252 246,569 Construction — 591 591 1,784 260,840 262,624 Commercial and industrial 3,422 1,389 4,811 13,347 339,124 352,471 Small business loans 3,729 3,769 7,498 14,273 137,185 151,458 Consumer — — — — 369 369 Leases, net — 2,954 2,954 2,300 95,324 97,624 Total (1) $ 7,153 $ 14,550 $ 21,703 $ 37,190 $ 1,933,051 $ 1,970,241 ( 1) Excludes deferred fees and loans carried at fair value. December 31, 2023 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually evaluated Collectively evaluated Total Individually evaluated Collectively evaluated Total Commercial mortgage $ — $ 4,375 $ 4,375 $ — $ 737,863 $ 737,863 Home equity lines and loans — 998 998 1,037 75,250 76,287 Residential mortgage — 1,020 1,020 3,750 243,128 246,878 Construction — 485 485 1,206 245,234 246,440 Commercial and industrial 3,691 827 4,518 15,413 287,478 302,891 Small business loans 2,805 4,200 7,005 9,440 132,902 142,342 Consumer — — — — 389 389 Leases, net — 3,706 3,706 2,131 119,501 121,632 Total (1) $ 6,496 $ 15,611 $ 22,107 $ 32,977 $ 1,841,745 $ 1,874,722 ( 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: June 30, 2024 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans (dollars in thousands) 2024 2023 2022 2021 2020 Prior Commercial mortgage Pass/Watch $ 52,276 $ 107,159 $ 160,661 $ 154,167 $ 90,830 $ 188,101 $ 511 $ 737 $ 754,442 Special Mention — — 4,432 — 4,856 8,248 667 — 18,203 Substandard — 200 — — — 2,453 — — 2,653 Total $ 52,276 $ 107,359 $ 165,093 $ 154,167 $ 95,686 $ 198,802 $ 1,178 $ 737 $ 775,298 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 42,396 $ 77,671 $ 58,161 $ 14,347 $ 24,890 $ 8,649 $ 123 $ 29,184 $ 255,421 Special Mention — — — 1,352 631 — — 3,435 5,418 Substandard — — — 67 — 1,718 — — 1,785 Total $ 42,396 $ 77,671 $ 58,161 $ 15,766 $ 25,521 $ 10,367 $ 123 $ 32,619 $ 262,624 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 61,487 $ 24,256 $ 21,417 $ 22,502 $ 9,555 $ 27,767 $ — $ 149,245 $ 316,229 Special Mention — — 2,683 — — 1,351 — 5,739 9,773 Substandard — — 3,940 2,331 — 5,552 — 14,646 26,469 Total $ 61,487 $ 24,256 $ 28,040 $ 24,833 $ 9,555 $ 34,670 $ — $ 169,630 $ 352,471 Year-to-date gross charge-offs $ — $ (500) $ — $ — $ — $ (1,324) $ — $ (4) $ (1,828) Small business loans Pass/Watch $ 17,700 $ 28,812 $ 27,700 $ 32,174 $ 9,893 $ 7,132 $ — $ 13,432 $ 136,843 Special Mention — — — — — — — — — Substandard — 409 2,224 6,500 3,890 — — 1,592 14,615 Total $ 17,700 $ 29,221 $ 29,924 $ 38,674 $ 13,783 $ 7,132 $ — $ 15,024 $ 151,458 Year-to-date gross charge-offs $ — $ — $ (772) $ (140) $ (75) $ — $ — $ (492) $ (1,479) Total by risk rating Pass/Watch $ 173,859 $ 237,898 $ 267,939 $ 223,190 $ 135,168 $ 231,649 $ 634 $ 192,598 $ 1,462,935 Special Mention — — 7,115 1,352 5,487 9,599 667 9,174 33,394 Substandard — 609 6,164 8,898 3,890 9,723 — 16,238 45,522 Total $ 173,859 $ 238,507 $ 281,218 $ 233,440 $ 144,545 $ 250,971 $ 1,301 $ 218,010 $ 1,541,851 Total year-to-date gross charge-offs $ — $ (500) $ (772) $ (140) $ (75) $ (1,324) $ — $ (496) $ (3,307) December 31, 2023 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial mortgage Pass/Watch $ 106,341 $ 160,302 $ 158,647 $ 97,535 $ 56,382 $ 133,349 $ 511 $ 423 $ 713,490 Special Mention — — — 4,425 4,341 9,975 667 — 19,408 Substandard 200 — 571 — 1,635 2,233 — 326 4,965 Total $ 106,541 $ 160,302 $ 159,218 $ 101,960 $ 62,358 $ 145,557 $ 1,178 $ 749 $ 737,863 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 67,776 $ 88,737 $ 21,793 $ 27,336 $ 2,307 $ 2,093 $ 123 $ 25,976 $ 236,141 Special Mention — — 1,329 — 511 4,329 — 2,924 9,093 Substandard — — — — — 1,206 — — 1,206 Total $ 67,776 $ 88,737 $ 23,122 $ 27,336 $ 2,818 $ 7,628 $ 123 $ 28,900 $ 246,440 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 26,314 $ 38,748 $ 24,523 $ 8,449 $ 4,148 $ 33,726 $ — $ 131,304 $ 267,212 Special Mention 500 9 — — — 1,361 — 6,440 8,310 Substandard — — 2,906 — 300 9,469 — 14,694 27,369 Total $ 26,814 $ 38,757 $ 27,429 $ 8,449 $ 4,448 $ 44,556 $ — $ 152,438 $ 302,891 Year-to-date gross charge-offs $ (209) $ (55) $ — $ (2) $ — $ — $ — $ — $ (266) Small business loans Pass/Watch $ 35,764 $ 26,621 $ 37,278 $ 11,687 $ 6,672 $ 920 $ — $ 12,507 $ 131,449 Special Mention — — — 909 — — — 314 1,223 Substandard 49 1,523 5,090 2,122 — — — 886 9,670 Total $ 35,813 $ 28,144 $ 42,368 $ 14,718 $ 6,672 $ 920 $ — $ 13,707 $ 142,342 Year-to-date gross charge-offs $ — $ — $ — $ (11) $ (912) $ — $ — $ (565) $ (1,488) Total by risk rating Pass/Watch $ 236,195 $ 314,408 $ 242,241 $ 145,007 $ 69,509 $ 170,088 $ 634 $ 170,210 $ 1,348,292 Special Mention 500 9 1,329 5,334 4,852 15,665 667 9,678 38,034 Substandard 249 1,523 8,567 2,122 1,935 12,908 — 15,906 43,210 Total $ 236,944 $ 315,940 $ 252,137 $ 152,463 $ 76,296 $ 198,661 $ 1,301 $ 195,794 $ 1,429,536 Total year-to-date gross charge-offs $ (209) $ (55) $ — $ (13) $ (912) $ — $ — $ (565) $ (1,754) The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at June 30, 2024 and December 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: June 30, 2024 Revolving Loans Total Term Loans (dollars in thousands) 2024 2023 2022 2021 2020 Prior Home equity lines and loans Performing $ 455 $ 338 $ 779 $ 214 $ 341 $ 3,610 $ 76,442 $ 82,179 Nonperforming — 91 1,558 1,649 Total $ 455 $ 338 $ 779 $ 305 $ 341 $ 3,610 $ 78,000 $ 83,828 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ (86) $ (86) Residential mortgage (1) Performing $ 10,314 $ 47,907 $ 146,295 $ 20,352 $ 6,404 $ 10,979 $ — $ 242,251 Nonperforming — — 2,177 — 870 1,271 — 4,318 Total $ 10,314 $ 47,907 $ 148,472 $ 20,352 $ 7,274 $ 12,250 $ — $ 246,569 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ 53 $ 27 $ — $ — $ 253 $ 36 $ 369 Nonperforming — — — — — — — — Total $ — $ 53 $ 27 $ — $ — $ 253 $ 36 $ 369 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ (1) $ (1) Leases, net Performing $ 240 $ 19,152 $ 45,406 $ 23,510 $ 7,024 $ — $ — $ 95,332 Nonperforming — 471 929 736 156 — — 2,292 Total $ 240 $ 19,623 $ 46,335 $ 24,246 $ 7,180 $ — $ — $ 97,624 Year-to-date gross charge-offs $ — $ (434) $ (2,414) $ (436) $ (118) $ — $ — $ (3,402) Total by Payment Performance Performing $ 11,009 $ 67,450 $ 192,507 $ 44,076 $ 13,769 $ 14,842 $ 76,478 $ 420,131 Nonperforming — 471 3,106 827 1,026 1,271 1,558 8,259 Total $ 11,009 $ 67,921 $ 195,613 $ 44,903 $ 14,795 $ 16,113 $ 78,036 $ 428,390 Total year-to-date gross charge-offs $ — $ (434) $ (2,414) $ (436) $ (118) $ — $ (87) $ (3,489) (1) Excludes $12.9 million of loans at fair value. December 31, 2023 Revolving Loans Total Term Loans (dollars in thousands) 2023 2022 2021 2020 2019 Prior Home equity lines and loans Performing $ 343 $ 795 $ 314 $ 352 $ 2,191 $ 2,295 $ 68,600 $ 74,890 Nonperforming — — — — — — 1,397 1,397 Total $ 343 $ 795 $ 314 $ 352 $ 2,191 $ 2,295 $ 69,997 $ 76,287 Year-to-date gross charge-offs $ — $ — $ — $ — $ (33) $ — $ (54) $ (87) Residential mortgage (1) Performing $ 48,576 $ 154,219 $ 22,237 $ 6,260 $ 456 $ 11,380 $ — $ 243,128 Nonperforming — 1,350 — 1,043 — 1,357 — 3,750 Total $ 48,576 $ 155,569 $ 22,237 $ 7,303 $ 456 $ 12,737 $ — $ 246,878 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ 39 $ 35 $ — $ — $ 32 $ 234 $ 49 $ 389 Nonperforming — — — — — — — — Total $ 39 $ 35 $ — $ — $ 32 $ 234 $ 49 $ 389 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ (2) $ (2) Leases, net Performing $ 23,054 $ 55,940 $ 30,876 $ 9,718 $ — $ — $ — $ 119,588 Nonperforming 263 1,194 368 219 — — — 2,044 Total $ 23,317 $ 57,134 $ 31,244 $ 9,937 $ — $ — $ — $ 121,632 Year-to-date gross charge-offs $ (128) $ (2,165) $ (1,450) $ (290) $ — $ — $ — $ (4,033) Total by Payment Performance Performing $ 72,012 $ 210,989 $ 53,427 $ 16,330 $ 2,679 $ 13,909 $ 68,649 $ 437,995 Nonperforming 263 2,544 368 1,262 — 1,357 1,397 7,191 Total $ 72,275 $ 213,533 $ 53,795 $ 17,592 $ 2,679 $ 15,266 $ 70,046 $ 445,186 Total year-to-date gross charge-offs $ (128) $ (2,165) $ (1,450) $ (290) $ (33) $ — $ (56) $ (4,122) (1) Excludes $13.7 million of fair value loans. Modifications to Borrowers 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. The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Commercial & industrial 3 $ 1,402 0.4 % $ — 1 $ 3,233 1.0 % $ — Total 3 $ 1,402 $ — 1 $ 3,233 $ — Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 1 $ 1,195 0.8 % $ 15 — $ — — % $ — Commercial & industrial 4 1,605 0.5 % — 1 1,406 0.5 % 422 Total 5 $ 2,800 $ 15 1 $ 1,406 $ 422 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 3 $ 719 0.5 % $ — — $ — — % $ — Commercial & industrial 5 2,592 0.7 % — 1 3,233 1.0 % — Total 8 $ 3,311 $ — 1 $ 3,233 $ — Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 6 $ 4,029 2.7 % $ 1,024 — $ — — % $ — Commercial & industrial 4 1,605 0.5 % — 1 1,406 0.5 % 422 Total 10 $ 5,634 $ 1,024 1 $ 1,406 $ 422 The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Number of Loans Financial Effect Number of Loans Financial Effect (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Commercial & industrial 3 Extend maturity date and payment concession 1 Extend maturity Total 3 1 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 1 Extend maturity date and allow additional lender funding — Commercial & industrial 4 Extend maturity date 1 Extend term and allow additional lender funding Total 5 1 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Number of Loans Financial Effect Number of Loans Financial Effect (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 3 Extend maturity date — Commercial & industrial 5 Extend maturity date and allow additional lender funding 1 Extend maturity Total 8 1 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 6 Extend maturity date — Commercial & industrial 4 Extend maturity date and allow additional lender funding 1 Extend term and allow additional lender funding Total 10 1 There were 8 and 2 modifications granted to borrowers experiencing financial difficulty for the three months ended June 30, 2024 and June 30, 2023, respectively. There were 11 and 2 modifications granted to borrowers experiencing financial difficulty for the six months ended June 30, 2024 and June 30, 2023, respectively. The increase in assistance provided to small business loan customers experiencing financial difficulty is largely due to the elevated interest rate environment we continue to experience as the majority of our small business loans carry a variable interest rate. In accordance with the SBA's SOP 50-57-3 covering loan servicing, we work with such customers to help determine whether temporary payment relief would help to improve their cash flows in the near future. There was one loan that had a payment default during the three and six months ended June 30, 2024 and zero during the three and six months ended June 30, 2023, that were modified in the 12 months before default to borrowers experiencing financial difficulty. There were no commitments to lend additional funds to the borrowers experiencing financial difficulty that had modifications during the three and six months ended June 30, 2024 and June 30, 2023.

Short-Term Borrowings and Long

Short-Term Borrowings and Long -Term Debt	6 Months Ended
	Jun. 30, 2024
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 four unsecured borrowing facilities with correspondent banks for up to $56 million in total. Federal funds purchased generally represent one-day borrowings. The Corporation had $947 thousand and $0 in Federal funds purchased at June 30, 2024 and December 31, 2023. The Corporation also has a facility with the Federal Reserve Bank discount window of $11.1 million. This facility is fully secured by investment securities and pledged loans. There were no borrowings under this at June 30, 2024 and December 31, 2023. The Corporation's facility with the Federal Reserve’s BTFP in the amount of $33 million expired in March 2024. The following table presents short-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest June 30, December 31, FHLB Open Repo Plus Weekly 06/16/2025 5.67% $ 95,080 $ 104,792 FRB BTFP Advances 03/29/2024 4.76% — 33,000 Fed Funds Overnight Borrowing 7/01/2024 6.50% 947 — ACBB Holding Company Revolving LOC 6/25/2025 8.75% 4,000 — FHLB Mid-term Repo Fixed 9/30/2024 4.60% 3,432 3,432 FHLB Mid-term Repo Fixed 10/25/2024 5.03% 8,097 — FHLB Mid-term Repo Fixed 7/31/2024 5.68% 15,625 — FHLB Mid-term Repo Fixed 1/27/2025 4.85% 8,000 — FHLB Mid-term Repo Fixed 2/24/2025 5.35% 7,813 — Total Short-Term Borrowings $ 142,994 $ 141,224 The following table presents long-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest June 30, December 31, FHLB Mid-term Repo Fixed 12/22/2025 4.23% $ 8,935 $ 8,935 FHLB Mid-term Repo Fixed 5/20/2027 4.70% 10,594 — FHLB Mid-term Repo Fixed 10/14/2025 5.16% 9,492 9,492 FHLB Mid-term Repo Fixed 7/14/2026 4.57% 15,245 15,245 Total Long-Term Borrowings $ 44,266 $ 33,672 The FHLB has also issued $157.2 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 2024. The Corporation has a maximum borrowing capacity with the FHLB of $666.6 million as of June 30, 2024 and $626.8 million as of December 31, 2023. 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	6 Months Ended
	Jun. 30, 2024
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 $917.0 million and $945.2 million of residential mortgage loans as of June 30, 2024 and December 31, 2023, respectively. During the three and six months ended June 30, 2024, the Corporation recognized servicing fee income of $578 thousand and $1.2 million, respectively, compared to $618 thousand and $1.3 million, respectively, during the three and six months ended June 30, 2023. Changes in the MSR balance are summarized as follows: Three months ended Six months ended (dollars in thousands) 2024 2023 2024 2023 Balance at beginning of the period $ 8,314 $ 9,573 $ 8,622 $ 9,942 Servicing rights capitalized 22 — 32 — Amortization of servicing rights (310) (335) (628) (706) Change in valuation allowance - recovery — — — 2 Balance at end of the period $ 8,026 $ 9,238 $ 8,026 $ 9,238 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 June 30, 2024, the key assumptions used to determine the fair value of the Corporation’s MSRs included a lifetime constant prepayment rate equal to 8.04% and a discount rate equal to 9.50%. At December 31, 2023, the key assumptions used to determine the fair value of the Corporation’s MSRs included a lifetime constant prepayment rate equal to 8.57% 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, 2023 to June 30, 2024. The sensitivity of the current fair value of the residential mortgage servicing rights to immediate 10% and 20% adverse changes in key economic assumptions are included in the following table. (dollars in thousands) June 30, December 31, Fair value of residential mortgage servicing rights $ 10,939 $ 11,221 Weighted average life (months) 40 28 Prepayment speed 8.04 % 8.57 % Impact on fair value: 10% adverse change $ (486) $ (506) 20% adverse change (934) (973) Discount rate 9.50 % 9.50 % Impact on fair value: 10% adverse change $ (560) $ (415) 20% adverse change (1,063) (799) 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 $243.1 million and $225.8 million of SBA loans, as of June 30, 2024 and December 31, 2023, respectively. Changes in the SBA loan servicing asset balance are summarized as follows: Three months ended Six months ended (dollars in thousands) 2024 2023 2024 2023 Balance at beginning of the period $ 3,259 $ 2,552 $ 3,127 $ 2,404 Servicing rights capitalized 256 512 453 726 Amortization of servicing rights (219) (252) (460) (447) Change in valuation allowance 19 143 195 272 Balance at end of the period $ 3,315 $ 2,955 $ 3,315 $ 2,955 Activity in the valuation allowance for SBA loan servicing assets was as follows: Three months ended Six months ended (dollars in thousands) 2024 2023 2024 2023 Valuation allowance, beginning of period $ (92) $ (235) $ (268) $ (364) Impairment — — — — Recovery 19 143 195 272 Valuation allowance, end of period $ (73) $ (92) $ (73) $ (92) 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 June 30, 2024, 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 16.47% and a discount rate equal to 13.05%. At December 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 14.70% and a discount rate equal to 14.66%. The sensitivity of the current fair value of the SBA loan servicing rights to immediate 10% and 20% adverse changes in key economic assumptions are included in the following table. (dollars in thousands) June 30, December 31, Fair value of SBA loan servicing rights $ 3,644 $ 3,376 Weighted average life (years) 3.2 3.5 Prepayment speed 16.47 % 14.70 % Impact on fair value: 10% adverse change $ (158) $ (125) 20% adverse change (144) (241) Discount rate 13.05 % 14.66 % Impact on fair value: 10% adverse change $ (81) $ (74) 20% adverse change (159) (145) 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	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	Fair Value Measurements and Disclosures The Corporation uses fair value measurements to record fair value adjustments to certain assets and liabilities. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Corporation’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation techniques or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Corporation groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 – Valuation is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis. Securities The fair value of securities available-for-sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Mortgage Loans Held for Sale The fair value of loans held for sale is based on secondary market prices. Mortgage Loans Held for Investment The fair value of mortgage loans held for investment is based on the price secondary markets are currently offering for similar loans using observable market data. Derivative Financial Instruments The fair values of forward commitments and interest rate swaps are based on market pricing and therefore are considered Level 2. Derivatives classified as Level 3 consist of interest rate lock commitments related to mortgage loan commitments. The determination of fair value includes assumptions related to the likelihood that a commitment will ultimately result in a closed loan, which is a significant unobservable assumption. A significant increase or decrease in the external market price would result in a significantly higher or lower fair value measurement. 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 : June 30, 2024 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 19,765 $ — $ 19,765 $ — U.S. government agency MBS 21,902 — 21,902 — U.S. government agency CMO 26,587 — 26,587 — State and municipal securities 36,926 — 36,926 — U.S. Treasuries 30,471 30,471 — — Non-U.S. government agency CMO 15,257 — 15,257 Corporate bonds 8,233 — 8,233 — Equity investments 2,088 — 2,088 — Mortgage loans held for sale 54,278 — 54,278 — Mortgage loans held for investment 12,900 — 12,900 — Interest rate lock commitments 451 — — 451 Forward commitments 16 — 16 — Customer derivatives - interest rate swaps 3,658 — 3,658 — Interest rate swaps 613 — 613 — Total $ 233,145 $ 30,471 $ 202,223 $ 451 Liabilities Interest rate lock commitments $ 52 $ — $ — $ 52 Forward commitments 14 — 14 — Customer derivatives - interest rate swaps 3,649 — 3,649 — Risk Participation Agreements 4 — 4 — Total $ 3,719 $ — $ 3,667 $ 52 December 31, 2023 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 16,824 $ — $ 16,824 $ — U.S. government agency MBS 22,634 — 22,634 — U.S. government agency CMO 19,573 — 19,573 — State and municipal securities 36,216 — 36,216 — U.S. Treasuries 30,422 30,422 — — Non-U.S. government agency CMO 13,155 — 13,155 — Corporate bonds 7,195 — 7,195 — Equity investments 2,121 — 2,121 — Mortgage loans held for sale 24,816 — 24,816 — Mortgage loans held for investment 13,726 — 13,726 — Interest rate lock commitments 214 — — 214 Customer derivatives - interest rate swaps 3,528 — 3,528 — Total $ 190,424 $ 30,422 $ 159,788 $ 214 Liabilities Interest rate lock commitments $ 17 $ — $ — $ 17 Forward commitments 41 — 41 — Customer derivatives - interest rate swaps 3,544 — 3,544 — Risk Participation Agreements 11 — 11 — Total $ 3,613 $ — $ 3,596 $ 17 The following table presents assets measured at fair value on a nonrecurring basis at the dates indicated: (dollars in thousands) June 30, December 31, Mortgage servicing rights $ 8,026 $ 8,621 SBA loan servicing rights 3,315 3,127 Individually evaluated loans (1) Commercial and industrial 9,942 9,818 Small business loans 6,348 3,134 Total $ 27,631 $ 24,700 (1) Individually evaluated loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral. The increase in individually evaluated commercial and industrial loans noted above was due to reassessing how we evaluate the impairment on a loan relationship to now be based on the fair value of collateral. 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 June 30, 2024 $ 16,290 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-33% discount December 31, 2023 12,952 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-33% 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. Long-Term Debt Fair values of FHLB advances and the acquisition purchase note payable are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms and remaining maturity. These prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Subordinated Debt Fair values of junior subordinated debt are estimated using discounted cash flow analysis, based on market rates currently offered on such debt with similar credit risk characteristics, terms and remaining maturity. Off-Balance Sheet Financial Instruments Off-balance sheet instruments are primarily comprised of loan commitments, which are generally priced at market at the time of funding. Fees on commitments to extend credit and stand-by letters of credit are deemed to be immaterial and these instruments are expected to be settled at face value or expire unused. It is impractical to assign any fair value to these instruments and as a result they are not included in the table below. Fair values assigned to the notional value of interest rate lock commitments and forward sale contracts are based on market quotes. 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: Fair Value June 30, 2024 December 31, 2023 (dollars in thousands) Carrying Fair value Carrying Fair value Financial assets: Cash and cash equivalents Level 1 $ 24,058 $ 24,058 $ 56,697 $ 56,697 Mortgage loans held for sale Level 2 54,278 54,278 24,816 24,816 Loans receivable, net of the allowance for credit losses Level 3 1,975,635 1,905,722 1,882,080 1,832,558 Mortgage loans held for investment Level 2 12,900 12,900 13,726 13,726 Financial liabilities: Deposits Level 2 $ 1,915,436 $ 1,912,200 $ 1,823,462 $ 1,834,700 Borrowings Level 2 187,260 196,300 174,896 176,400 Subordinated debentures Level 2 49,897 48,732 49,836 50,223 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 Six months ended (dollars in thousands) 2024 2023 2024 2023 Balance at beginning of the period $ 288 $ 139 $ 214 $ 87 Increase in value 163 122 237 174 Balance at end of the period $ 451 $ 261 $ 451 $ 261 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 June 30, 2024 $ 451 Market comparable pricing Pull through 1 - 99% 83.31% December 31, 2023 214 Market comparable pricing Pull through 1 - 99% 79.48

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2024
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. Interest Rate Swaps The Corporation uses interest rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. The Corporation’s credit exposure on interest rate swaps includes changes in fair value and any collateral that is held by a third party. In June 2023, the Corporation entered into three interest rate swaps classified as cash flow hedges with notional amounts of $25 million each, to hedge the interest payments received on short term borrowings. Under the terms of the three swap agreements, the Corporation pays average fixed rates of 4.070%, 4.027% and 4.117%, and receives variable rates in return indexed to SOFR. The swaps mature between May, June, and December 2026. The Corporation performed an assessment of the hedge for effectiveness at the inception of the hedge and performs an assessment on a recurring basis and determined that the derivative currently is and is expected to be highly effective in offsetting changes in cash flows of the hedged item. For the three and six months ended June 30, 2024, approximately $133 thousand and $896 thousand respectively, net of tax, is recorded in total comprehensive income as unrealized gains. For the three and six months ended June 30, 2023, approximately $338 thousand respectively, net of tax, is recorded in total comprehensive income as unrealized gains. These amounts could differ from amounts actually recognized due to changes in interest rates, hedge de-designations and the addition of other hedges subsequent to June 30, 2024. At June 30, 2024 and December 31, 2023, the combined notional amount of the interest rate swaps was $75 million and $75 million, respectively, and the fair value was an asset of $613 thousand and a liability of $539 thousand, respectively. 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. Customer Derivatives 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: June 30, 2024 December 31, 2023 (dollars in thousands) Balance Sheet Line Item Notional Amount Asset (Liability) Fair Value Notional Amount Asset (Liability) Fair Value Interest Rate Lock Commitments Positive fair values Other assets $ 70,244 $ 451 $ 33,735 $ 214 Negative fair values Other liabilities 17,061 (52) 5,399 (17) Total $ 87,305 $ 399 $ 39,134 $ 197 Forward Commitments Positive fair values Other assets $ 3,750 $ 16 $ — $ — Negative fair values Other liabilities 4,750 (14) 4,250 (41) Total $ 8,500 $ 2 $ 4,250 $ (41) Customer Derivatives - Interest Rate Swaps Positive fair values Other assets $ 49,633 $ 3,658 $ 50,593 $ 3,528 Negative fair values Other liabilities 49,633 (3,649) 50,593 (3,544) Total $ 99,266 $ 9 $ 101,186 $ (17) Customer Derivatives - Risk Participation Agreements Positive fair values Other assets $ — $ — $ — $ — Negative fair values Other liabilities 7,020 (4) 7,082 (11) Total $ 7,020 $ (4) $ 7,082 $ (11) Interest Rate Swaps Positive fair values Other assets $ 75,000 $ 613 $ — $ — Negative fair values Other liabilities — — 75,000 (539) Total $ 75,000 $ 613 $ 75,000 $ (539) Total derivative financial instruments $ 277,091 $ 1,019 $ 226,652 $ (410) 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 Six months ended (dollars in thousands) 2024 2023 2024 2023 Interest Rate Lock Commitments $ 195 $ 146 $ 202 $ 109 Forward Commitments 2 13 43 13 Customer Derivatives - Interest Rate Swaps 5 14 26 (14) Customer Derivatives - Risk Participation Agreements 1 9 7 5 Interest Rate Swaps 176 435 1,152 435 Net fair value gains (losses) on derivative financial instruments $ 379 $ 617 $ 1,430 $ 548 Net realized losses on derivative hedging activities were $63 thousand and $82 thousand for the three and six months ended June 30, 2024, respectively, and $1 thousand for the three and six months ended June 30, 2023, respectively, and are included in non-interest income in the consolidated statements of income.

Segments

Segments	6 Months Ended
	Jun. 30, 2024
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 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 8 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 June 30, 2024 Three Months Ended June 30, 2023 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 16,784 $ 36 $ 26 $ 16,846 $ 17,102 $ (29) $ 25 $ 17,098 Provision for credit losses 2,680 — — 2,680 705 — — 705 Net interest income after provision 14,104 36 26 14,166 16,397 (29) 25 16,393 Non-interest Income Mortgage banking income 67 — 5,353 5,420 81 — 4,969 5,050 Wealth management income — 1,444 — 1,444 — 1,235 — 1,235 SBA loan income 785 — — 785 1,767 — — 1,767 Net change in fair values 6 — 144 150 23 — (258) (235) Net loss on hedging activity — — (63) (63) — — (1) (1) Other 815 — 693 1,508 637 — 671 1,308 Non-interest income 1,673 1,444 6,127 9,244 2,508 1,235 5,381 9,124 Non-interest expense 12,606 804 5,608 19,018 12,325 889 6,401 19,615 Income (loss) before income taxes $ 3,171 $ 676 $ 545 $ 4,392 $ 6,580 $ 317 $ (995) $ 5,902 Total Assets $ 2,248,950 $ 10,347 $ 92,287 $ 2,351,584 $ 2,143,278 $ 8,485 $ 55,114 $ 2,206,877 Segment Information Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 33,376 $ 30 $ 49 $ 33,455 $ 34,721 $ 3 $ 51 $ 34,775 Provision for credit losses 5,546 — — 5,546 2,104 — — 2,104 Net interest income after provision 27,830 30 49 27,909 32,617 3 51 32,671 Non-interest Income Mortgage banking income 155 — 8,899 9,054 139 — 8,183 8,322 Wealth management income 1 2,760 — 2,761 — 2,431 — 2,431 SBA loan income 1,771 — — 1,771 2,480 — — 2,480 Net change in fair values 34 — 14 48 (8) — (180) (188) Net loss on hedging activity — — (82) (82) — — (1) (1) Other 1,589 — 2,087 3,676 1,327 — 1,391 2,718 Non-interest income 3,550 2,760 10,918 17,228 3,938 2,431 9,393 15,762 Non-interest expense 24,669 1,636 10,887 37,192 23,024 1,877 12,503 37,404 Income (loss) before income taxes $ 6,711 $ 1,154 $ 80 $ 7,945 $ 13,531 $ 557 $ (3,059) $ 11,029 Total Assets $ 2,248,950 $ 10,347 $ 92,287 $ 2,351,584 $ 2,143,278 $ 8,485 $ 55,114 $ 2,206,877

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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, 2023), 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 and six months ended June 30, 2024 are not necessarily indicative of the results for the year ending December 31, 2024 or for any other period.
Pronouncements Adopted in 2024 and Pronouncements Not Yet Effective as of June 30, 2024	Pronouncements Adopted in 2024 The following pronouncements were adopted in 2024, but did not have a material impact on our consolidated financial statements. • 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” • FASB ASU 2023-02, "Investments Equity Method and Joint Ventures (Topic 323) Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method" Pronouncements Not Yet Effective as of June 30, 2024: FASB ASU 2023-07, “Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures” The amendments in this update improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this update also do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Corporation is currently evaluating the impact on its disclosures. FASB ASU 2023-09, “Income Taxes (Topic 740) Improvements to Income Tax Disclosures” The amendments in this update address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This update also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in this update are effective for fiscal years beginning after December 15, 2024 and are to be applied on a prospective basis. Early adoption is permitted.The Corporation is currently evaluating the impact on its disclosures. FASB ASU 2024-01 Stock Compensation - Scope Application of Profits Interest and Similar Awards The amendments in this update improve the understandability of paragraph 718-10-15-3 apply to all entities that enter into share-based payments transactions. The amendments in this update are effective for fiscal years beginning after December 15, 2024 and are to be applied on a prospective basis. The Corporation is currently evaluating the impact on its disclosures. FASB ASU No. 2023-06, "Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative". This ASU amends the disclosure or presentation requirements related to various subtopics in the FASB ASC. The amendments in this ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC's regulations. For entities subject to the SEC's existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity.

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per common share	Three months ended Six months ended (dollars in thousands, except per share data) 2024 2023 2024 2023 Numerator for earnings per share: Net income available to common stockholders $ 3,326 $ 4,645 $ 6,002 $ 8,666 Denominators for earnings per share: Weighted average shares outstanding 11,247 11,240 11,246 11,348 Average unearned ESOP shares (151) (178) (154) (181) Basic weighted averages shares outstanding 11,096 11,062 11,092 11,167 Dilutive effects of assumed exercises of stock options 54 72 86 165 Dilutive effects of SERP shares — 170 — 162 Diluted weighted averages shares outstanding 11,150 11,304 11,178 11,494 Basic earnings per share $ 0.30 $ 0.42 $ 0.54 $ 0.78 Diluted earnings per share $ 0.30 $ 0.41 $ 0.54 $ 0.75 Antidilutive shares excluded from computation of average dilutive earnings per share 587 512 587 507

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2024
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: June 30, 2024 (dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Allowance for credit losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 19,839 $ 58 $ (132) $ — $ 19,765 10 U.S. government agency MBS 22,200 174 (472) — 21,902 13 U.S. government agency CMO 28,851 — (2,264) — 26,587 34 State and municipal securities 41,224 — (4,298) — 36,926 32 U.S. Treasuries 32,984 — (2,513) — 30,471 25 Non-U.S. government agency CMO 15,663 81 (487) — 15,257 12 Corporate bonds 8,990 82 (839) — 8,233 13 Total securities available-for-sale $ 169,751 $ 395 $ (11,005) $ — $ 159,141 139 Amortized cost Gross unrecognized gains Gross unrecognized losses Allowance for credit losses Fair value # of Securities in unrecognized loss position Securities held to maturity: State and municipal securities $ 35,089 $ 9 $ (3,403) $ — $ 31,695 21 Total securities held-to-maturity $ 35,089 $ 9 $ (3,403) $ — $ 31,695 21 December 31, 2023 Amortized cost Gross unrealized gains Gross unrealized losses Allowance for credit losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 17,012 $ 25 $ (213) $ — $ 16,824 11 U.S. government agency MBS 22,750 364 (480) — 22,634 14 U.S. government agency CMO 21,850 — (2,277) — 19,573 30 State and municipal securities 40,093 — (3,877) — 36,216 31 U.S. Treasuries 32,982 — (2,560) — 30,422 25 Non-U.S. government agency CMO 13,605 102 (552) — 13,155 9 Corporate bonds 8,200 — (1,005) — 7,195 13 Total securities available-for-sale $ 156,492 $ 491 $ (10,964) $ — $ 146,019 133 Amortized cost Gross unrecognized gains Gross unrecognized losses Allowance for credit losses Fair value # of Securities in unrecognized loss position Securities held to maturity: State and municipal securities $ 35,781 $ 52 $ (3,103) $ — $ 32,730 21 Total securities held-to-maturity $ 35,781 $ 52 $ (3,103) $ — $ 32,730 21
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: June 30, 2024 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses Securities available-for-sale: U.S. asset backed securities $ 7,348 $ (31) $ 4,019 $ (101) $ 11,367 $ (132) U.S. government agency MBS 3,577 (90) 8,156 (382) 11,733 (472) U.S. government agency CMO 7,771 (50) 18,816 (2,214) 26,587 (2,264) State and municipal securities 1,491 (5) 35,435 (4,293) 36,926 (4,298) U.S. Treasuries — — 30,471 (2,513) 30,471 (2,513) Non-U.S. government agency CMO 5,402 (22) 5,566 (465) 10,968 (487) Corporate bonds — — 7,362 (839) 7,362 (839) Total securities available-for-sale $ 25,589 $ (198) $ 109,825 $ (10,807) $ 135,414 $ (11,005) Less than 12 Months 12 Months or more Total Fair Unrecognized Fair Unrecognized Fair Unrecognized Securities held-to-maturity: State and municipal securities $ 1,047 $ (21) $ 29,339 $ (3,382) $ 30,386 $ (3,403) Total securities held-to-maturity $ 1,047 $ (21) $ 29,339 $ (3,383) $ 30,386 $ (3,403) December 31, 2023 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Securities available-for-sale: U.S. asset backed securities $ 4,981 $ (25) $ 6,195 $ (188) $ 11,176 $ (213) U.S. government agency MBS 4,864 (35) 8,170 (445) 13,034 (480) U.S. government agency CMO 2,687 (36) 16,886 (2,241) 19,573 (2,277) State and municipal securities — — 36,216 (3,877) 36,216 (3,877) U.S. Treasuries — — 30,422 (2,560) 30,422 (2,560) Non-U.S. government agency CMO 1,127 (4) 6,065 (548) 7,192 (552) Corporate bonds 907 (93) 6,288 (912) 7,195 (1,005) Total securities available-for-sale $ 14,566 $ (193) $ 110,242 $ (10,771) $ 124,808 $ (10,964) Less than 12 Months 12 Months or more Total Fair Unrecognized Fair Unrecognized Fair Unrecognized Securities held-to-maturity: State and municipal securities $ 1,021 $ (6) $ 29,404 $ (3,097) $ 30,425 $ (3,103) Total securities held-to-maturity $ 1,021 $ (6) $ 29,404 $ (3,097) $ 30,425 $ (3,103)
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. June 30, 2024 Available-for-sale Held-to-maturity (dollars in thousands) Amortized cost Fair value Amortized cost Fair value Due in one year or less $ — $ — $ — $ — Due after one year through five years 32,984 30,471 3,225 3,200 Due after five years through ten years 18,451 17,131 5,775 4,835 Due after ten years 51,602 47,793 26,089 23,660 Subtotal 103,037 95,395 35,089 31,695 Mortgage-related securities 66,714 63,746 — — Total $ 169,751 $ 159,141 $ 35,089 $ 31,695

Loans and Other Finance Recei_2

Loans and Other Finance Receivables (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Summary of loans and leases outstanding	The following table presents loans and other finance receivables detailed by category at the dates indicated: (dollars in thousands) June 30, December 31, Real estate loans: Commercial mortgage $ 775,298 $ 737,863 Home equity lines and loans 83,828 76,287 Residential mortgage 259,469 260,604 Construction 262,624 246,440 Total real estate loans 1,381,219 1,321,194 Commercial and industrial 352,471 302,891 Small business loans 151,458 142,342 Consumer 369 389 Leases, net 97,624 121,632 Total loans and other finance receivables $ 1,983,141 $ 1,888,448 Balances included in loans and other finance receivables, net of fees and costs: Residential mortgage real estate loans accounted under fair value option, at fair value $ 12,900 $ 13,726 Residential mortgage real estate loans accounted under fair value option, at amortized cost 15,609 16,198 Unearned lease income included in leases, net (13,404) (19,210) Unamortized net deferred loan origination costs $ 5,394 $ 7,358
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: June 30, 2024 (dollars in thousands) 30-89 days past due Current Total accruing loans and leases Nonaccrual loans and leases Total loans portfolio and leases % Delinquent Commercial mortgage $ 864 $ 774,434 $ 775,298 $ — $ 775,298 0.11 % Home equity lines and loans 136 82,523 82,659 1,169 83,828 1.56 Residential mortgage (1) 3,468 251,233 254,701 4,768 259,469 3.17 Construction 4,945 255,895 260,840 1,784 262,624 2.56 Commercial and industrial — 339,124 339,124 13,347 352,471 3.79 Small business loans — 137,185 137,185 14,273 151,458 9.42 Consumer — 369 369 — 369 — Leases, net 1,359 93,965 95,324 2,300 97,624 3.75 % Total $ 10,772 $ 1,934,728 $ 1,945,500 $ 37,641 $ 1,983,141 2.44 % (1) Includes $12.9 million of loans at fair value of which $12.4 million are current, $0 are 30-89 days past due and $451 thousand are nonaccrual. December 31, 2023 (dollars in thousands) 30-89 days past due Current Total accruing loans and leases Nonaccrual loans and leases Total loans portfolio and leases % Delinquent Commercial mortgage $ 571 $ 737,292 $ 737,863 $ — $ 737,863 0.08 % Home equity lines and loans 566 74,684 75,250 1,037 76,287 2.10 Residential mortgage (1) 1,103 254,965 256,068 4,536 260,604 2.16 Construction — 245,234 245,234 1,206 246,440 0.49 Commercial and industrial — 287,478 287,478 15,413 302,891 5.09 Small business loans 1,499 131,403 132,902 9,440 142,342 7.69 Consumer — 389 389 — 389 — Leases, net 2,197 117,304 119,501 2,131 121,632 3.56 % Total $ 5,936 $ 1,848,749 $ 1,854,685 $ 33,763 $ 1,888,448 2.10 % (1) Includes $13.7 million of loans at fair value of which $12.9 million are current, $0 are 30-89 days past due and $786 thousand are nonaccrual.
Schedule of financing receivables, nonaccrual	The following tables 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 June 30, 2024 and December 31, 2023. As of this date here were no loans 90 days or more past due and still accruing. June 30, 2024 December 31, 2023 (dollars in thousands) Nonaccrual without ACL Nonaccrual with ACL Total nonaccrual Nonaccrual without ACL Nonaccrual with ACL Total nonaccrual Commercial mortgage $ — $ — $ — $ — $ — $ — Home equity lines and loans 1,169 — 1,169 1,037 — 1,037 Residential mortgage 4,487 281 4,768 4,536 — 4,536 Construction 1,784 — 1,784 1,206 — 1,206 Commercial and industrial 433 12,914 13,347 3,343 12,070 15,413 Small business loans 3,821 10,452 14,273 3,607 5,833 9,440 Leases, net 2,300 — 2,300 2,131 — 2,131 Total $ 13,994 $ 23,647 $ 37,641 $ 15,860 $ 17,903 $ 33,763
Schedule of non-accruing collateral dependent loans by class or loans	The following tables presents the amortized cost basis of non-accruing collateral-dependent loans by class or loans as of June 30, 2024 and December 31, 2023 under the current expected credit loss model: June 30, 2024 December 31, 2023 (dollars in thousands) Real estate Equipment and other Total Real estate Equipment and other Total Commercial mortgage $ — $ — $ — $ — $ — $ — Home equity lines and loans 1,169 — 1,169 1,037 — 1,037 Residential mortgage 4,768 — 4,768 4,536 — 4,536 Construction 1,784 — 1,784 1,206 — 1,206 Commercial and industrial 1,598 11,749 13,347 1,890 13,523 15,413 Small business loans 11,250 3,023 14,273 6,320 3,120 9,440 Leases, net — 2,300 2,300 — 2,131 2,131 Total $ 20,569 $ 17,072 $ 37,641 $ 14,989 $ 18,774 $ 33,763

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2024
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
Schedule of allocation of the allowance for loan and lease losses	The following tables provide the activity of our allowance for credit losses for the three and six months ended June 30, 2024 and June 30, 2023 under the CECL model in accordance with ASC 326 (as adopted on January 1, 2023): Three Months Ended June 30, 2024 (dollars in thousands) Beginning Balance Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,179 $ — $ — $ (503) $ 3,676 Home equity lines and loans 958 (86) 26 216 1,114 Residential mortgage 1,177 — — (118) 1,059 Construction 583 — — 8 591 Commercial and industrial 5,083 (1,620) — 1,348 4,811 Small business loans 7,805 (1,392) 64 1,021 7,498 Consumer 1 — 1 (2) — Leases, net 3,385 (1,254) 147 676 2,954 Total $ 23,171 $ (4,352) $ 238 $ 2,646 $ 21,703 Six Months Ended June 30, 2024 (dollars in thousands) Beginning Balance Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,375 $ — $ — $ (699) $ 3,676 Home equity lines and loans 998 (86) 27 175 1,114 Residential mortgage 1,020 — — 39 1,059 Construction 485 — — 106 591 Commercial and industrial 4,518 (1,828) 2 2,119 4,811 Small business loans 7,005 (1,479) 67 1,905 7,498 Consumer — (1) 2 (1) — Leases, net 3,706 (3,402) 273 2,377 2,954 Total $ 22,107 $ (6,796) $ 371 $ 6,021 $ 21,703 Three Months Ended June 30, 2023 (dollars in thousands) Beginning Balance Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 3,475 $ — $ — $ (226) $ 3,249 Home equity lines and loans 615 (54) 1 228 790 Residential mortgage 868 — — 179 1,047 Construction 1,119 — — 175 1,294 Commercial and industrial 2,733 — 17 (509) 2,241 Small business loans 6,316 (326) — 878 6,868 Consumer — — 1 (1) — Leases, net 5,316 (775) 149 63 4,753 Total $ 20,442 $ (1,155) $ 168 $ 787 $ 20,242 Six Months Ended June 30, 2023 (dollars in thousands) Beginning Balance Adjustment to initially apply ASU No. 2016-13 for CECL Charge-offs Recoveries Provision (Reversal) Ending balance Commercial mortgage $ 4,095 $ (526) $ — $ — $ (320) $ 3,249 Home equity lines and loans 188 439 (87) 3 247 790 Residential mortgage 948 17 — — 82 1,047 Construction 3,075 (1,763) — — (18) 1,294 Commercial and industrial 4,012 (1,023) — 56 (804) 2,241 Small business loans 4,909 1,110 (326) — 1,175 6,868 Consumer 3 (3) — 2 (2) — Leases, net 1,598 3,345 (2,239) 152 1,897 4,753 Total $ 18,828 $ 1,596 $ (2,652) $ 213 $ 2,257 $ 20,242
Reconciliation of provision for credit losses	The following table provides a reconciliation of the provision for credit losses on the consolidated statements of income between the funded and unfunded components at the dates indicated: Three Months Ended Six Months Ended (dollars in thousands) 2024 2023 2024 2023 Provision for credit losses - funded $ 2,646 $ 787 $ 6,021 $ 2,257 Provision (recovery) for credit losses - unfunded 34 (82) (475) (153) Total provision for credit losses $ 2,680 $ 705 $ 5,546 $ 2,104
Allowance allocated by portfolio segment	The following tables detail the allocation of the ACL and the carrying value for loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases at the dates indicated: June 30, 2024 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually evaluated Collectively evaluated Total Individually evaluated Collectively evaluated Total Commercial mortgage $ — $ 3,676 $ 3,676 $ — $ 775,298 $ 775,298 Home equity lines and loans — 1,114 1,114 1,169 82,659 83,828 Residential mortgage 2 1,057 1,059 4,317 242,252 246,569 Construction — 591 591 1,784 260,840 262,624 Commercial and industrial 3,422 1,389 4,811 13,347 339,124 352,471 Small business loans 3,729 3,769 7,498 14,273 137,185 151,458 Consumer — — — — 369 369 Leases, net — 2,954 2,954 2,300 95,324 97,624 Total (1) $ 7,153 $ 14,550 $ 21,703 $ 37,190 $ 1,933,051 $ 1,970,241 ( 1) Excludes deferred fees and loans carried at fair value. December 31, 2023 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually evaluated Collectively evaluated Total Individually evaluated Collectively evaluated Total Commercial mortgage $ — $ 4,375 $ 4,375 $ — $ 737,863 $ 737,863 Home equity lines and loans — 998 998 1,037 75,250 76,287 Residential mortgage — 1,020 1,020 3,750 243,128 246,878 Construction — 485 485 1,206 245,234 246,440 Commercial and industrial 3,691 827 4,518 15,413 287,478 302,891 Small business loans 2,805 4,200 7,005 9,440 132,902 142,342 Consumer — — — — 389 389 Leases, net — 3,706 3,706 2,131 119,501 121,632 Total (1) $ 6,496 $ 15,611 $ 22,107 $ 32,977 $ 1,841,745 $ 1,874,722 ( 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: June 30, 2024 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans (dollars in thousands) 2024 2023 2022 2021 2020 Prior Commercial mortgage Pass/Watch $ 52,276 $ 107,159 $ 160,661 $ 154,167 $ 90,830 $ 188,101 $ 511 $ 737 $ 754,442 Special Mention — — 4,432 — 4,856 8,248 667 — 18,203 Substandard — 200 — — — 2,453 — — 2,653 Total $ 52,276 $ 107,359 $ 165,093 $ 154,167 $ 95,686 $ 198,802 $ 1,178 $ 737 $ 775,298 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 42,396 $ 77,671 $ 58,161 $ 14,347 $ 24,890 $ 8,649 $ 123 $ 29,184 $ 255,421 Special Mention — — — 1,352 631 — — 3,435 5,418 Substandard — — — 67 — 1,718 — — 1,785 Total $ 42,396 $ 77,671 $ 58,161 $ 15,766 $ 25,521 $ 10,367 $ 123 $ 32,619 $ 262,624 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 61,487 $ 24,256 $ 21,417 $ 22,502 $ 9,555 $ 27,767 $ — $ 149,245 $ 316,229 Special Mention — — 2,683 — — 1,351 — 5,739 9,773 Substandard — — 3,940 2,331 — 5,552 — 14,646 26,469 Total $ 61,487 $ 24,256 $ 28,040 $ 24,833 $ 9,555 $ 34,670 $ — $ 169,630 $ 352,471 Year-to-date gross charge-offs $ — $ (500) $ — $ — $ — $ (1,324) $ — $ (4) $ (1,828) Small business loans Pass/Watch $ 17,700 $ 28,812 $ 27,700 $ 32,174 $ 9,893 $ 7,132 $ — $ 13,432 $ 136,843 Special Mention — — — — — — — — — Substandard — 409 2,224 6,500 3,890 — — 1,592 14,615 Total $ 17,700 $ 29,221 $ 29,924 $ 38,674 $ 13,783 $ 7,132 $ — $ 15,024 $ 151,458 Year-to-date gross charge-offs $ — $ — $ (772) $ (140) $ (75) $ — $ — $ (492) $ (1,479) Total by risk rating Pass/Watch $ 173,859 $ 237,898 $ 267,939 $ 223,190 $ 135,168 $ 231,649 $ 634 $ 192,598 $ 1,462,935 Special Mention — — 7,115 1,352 5,487 9,599 667 9,174 33,394 Substandard — 609 6,164 8,898 3,890 9,723 — 16,238 45,522 Total $ 173,859 $ 238,507 $ 281,218 $ 233,440 $ 144,545 $ 250,971 $ 1,301 $ 218,010 $ 1,541,851 Total year-to-date gross charge-offs $ — $ (500) $ (772) $ (140) $ (75) $ (1,324) $ — $ (496) $ (3,307) December 31, 2023 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial mortgage Pass/Watch $ 106,341 $ 160,302 $ 158,647 $ 97,535 $ 56,382 $ 133,349 $ 511 $ 423 $ 713,490 Special Mention — — — 4,425 4,341 9,975 667 — 19,408 Substandard 200 — 571 — 1,635 2,233 — 326 4,965 Total $ 106,541 $ 160,302 $ 159,218 $ 101,960 $ 62,358 $ 145,557 $ 1,178 $ 749 $ 737,863 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 67,776 $ 88,737 $ 21,793 $ 27,336 $ 2,307 $ 2,093 $ 123 $ 25,976 $ 236,141 Special Mention — — 1,329 — 511 4,329 — 2,924 9,093 Substandard — — — — — 1,206 — — 1,206 Total $ 67,776 $ 88,737 $ 23,122 $ 27,336 $ 2,818 $ 7,628 $ 123 $ 28,900 $ 246,440 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 26,314 $ 38,748 $ 24,523 $ 8,449 $ 4,148 $ 33,726 $ — $ 131,304 $ 267,212 Special Mention 500 9 — — — 1,361 — 6,440 8,310 Substandard — — 2,906 — 300 9,469 — 14,694 27,369 Total $ 26,814 $ 38,757 $ 27,429 $ 8,449 $ 4,448 $ 44,556 $ — $ 152,438 $ 302,891 Year-to-date gross charge-offs $ (209) $ (55) $ — $ (2) $ — $ — $ — $ — $ (266) Small business loans Pass/Watch $ 35,764 $ 26,621 $ 37,278 $ 11,687 $ 6,672 $ 920 $ — $ 12,507 $ 131,449 Special Mention — — — 909 — — — 314 1,223 Substandard 49 1,523 5,090 2,122 — — — 886 9,670 Total $ 35,813 $ 28,144 $ 42,368 $ 14,718 $ 6,672 $ 920 $ — $ 13,707 $ 142,342 Year-to-date gross charge-offs $ — $ — $ — $ (11) $ (912) $ — $ — $ (565) $ (1,488) Total by risk rating Pass/Watch $ 236,195 $ 314,408 $ 242,241 $ 145,007 $ 69,509 $ 170,088 $ 634 $ 170,210 $ 1,348,292 Special Mention 500 9 1,329 5,334 4,852 15,665 667 9,678 38,034 Substandard 249 1,523 8,567 2,122 1,935 12,908 — 15,906 43,210 Total $ 236,944 $ 315,940 $ 252,137 $ 152,463 $ 76,296 $ 198,661 $ 1,301 $ 195,794 $ 1,429,536 Total year-to-date gross charge-offs $ (209) $ (55) $ — $ (13) $ (912) $ — $ — $ (565) $ (1,754) The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at June 30, 2024 and December 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: June 30, 2024 Revolving Loans Total Term Loans (dollars in thousands) 2024 2023 2022 2021 2020 Prior Home equity lines and loans Performing $ 455 $ 338 $ 779 $ 214 $ 341 $ 3,610 $ 76,442 $ 82,179 Nonperforming — 91 1,558 1,649 Total $ 455 $ 338 $ 779 $ 305 $ 341 $ 3,610 $ 78,000 $ 83,828 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ (86) $ (86) Residential mortgage (1) Performing $ 10,314 $ 47,907 $ 146,295 $ 20,352 $ 6,404 $ 10,979 $ — $ 242,251 Nonperforming — — 2,177 — 870 1,271 — 4,318 Total $ 10,314 $ 47,907 $ 148,472 $ 20,352 $ 7,274 $ 12,250 $ — $ 246,569 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ 53 $ 27 $ — $ — $ 253 $ 36 $ 369 Nonperforming — — — — — — — — Total $ — $ 53 $ 27 $ — $ — $ 253 $ 36 $ 369 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ (1) $ (1) Leases, net Performing $ 240 $ 19,152 $ 45,406 $ 23,510 $ 7,024 $ — $ — $ 95,332 Nonperforming — 471 929 736 156 — — 2,292 Total $ 240 $ 19,623 $ 46,335 $ 24,246 $ 7,180 $ — $ — $ 97,624 Year-to-date gross charge-offs $ — $ (434) $ (2,414) $ (436) $ (118) $ — $ — $ (3,402) Total by Payment Performance Performing $ 11,009 $ 67,450 $ 192,507 $ 44,076 $ 13,769 $ 14,842 $ 76,478 $ 420,131 Nonperforming — 471 3,106 827 1,026 1,271 1,558 8,259 Total $ 11,009 $ 67,921 $ 195,613 $ 44,903 $ 14,795 $ 16,113 $ 78,036 $ 428,390 Total year-to-date gross charge-offs $ — $ (434) $ (2,414) $ (436) $ (118) $ — $ (87) $ (3,489) (1) Excludes $12.9 million of loans at fair value. December 31, 2023 Revolving Loans Total Term Loans (dollars in thousands) 2023 2022 2021 2020 2019 Prior Home equity lines and loans Performing $ 343 $ 795 $ 314 $ 352 $ 2,191 $ 2,295 $ 68,600 $ 74,890 Nonperforming — — — — — — 1,397 1,397 Total $ 343 $ 795 $ 314 $ 352 $ 2,191 $ 2,295 $ 69,997 $ 76,287 Year-to-date gross charge-offs $ — $ — $ — $ — $ (33) $ — $ (54) $ (87) Residential mortgage (1) Performing $ 48,576 $ 154,219 $ 22,237 $ 6,260 $ 456 $ 11,380 $ — $ 243,128 Nonperforming — 1,350 — 1,043 — 1,357 — 3,750 Total $ 48,576 $ 155,569 $ 22,237 $ 7,303 $ 456 $ 12,737 $ — $ 246,878 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ 39 $ 35 $ — $ — $ 32 $ 234 $ 49 $ 389 Nonperforming — — — — — — — — Total $ 39 $ 35 $ — $ — $ 32 $ 234 $ 49 $ 389 Year-to-date gross charge-offs $ — $ — $ — $ — $ — $ — $ (2) $ (2) Leases, net Performing $ 23,054 $ 55,940 $ 30,876 $ 9,718 $ — $ — $ — $ 119,588 Nonperforming 263 1,194 368 219 — — — 2,044 Total $ 23,317 $ 57,134 $ 31,244 $ 9,937 $ — $ — $ — $ 121,632 Year-to-date gross charge-offs $ (128) $ (2,165) $ (1,450) $ (290) $ — $ — $ — $ (4,033) Total by Payment Performance Performing $ 72,012 $ 210,989 $ 53,427 $ 16,330 $ 2,679 $ 13,909 $ 68,649 $ 437,995 Nonperforming 263 2,544 368 1,262 — 1,357 1,397 7,191 Total $ 72,275 $ 213,533 $ 53,795 $ 17,592 $ 2,679 $ 15,266 $ 70,046 $ 445,186 Total year-to-date gross charge-offs $ (128) $ (2,165) $ (1,450) $ (290) $ (33) $ — $ (56) $ (4,122) (1) Excludes $13.7 million of fair value loans.
Financing receivable, modified	The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Commercial & industrial 3 $ 1,402 0.4 % $ — 1 $ 3,233 1.0 % $ — Total 3 $ 1,402 $ — 1 $ 3,233 $ — Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 1 $ 1,195 0.8 % $ 15 — $ — — % $ — Commercial & industrial 4 1,605 0.5 % — 1 1,406 0.5 % 422 Total 5 $ 2,800 $ 15 1 $ 1,406 $ 422 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 3 $ 719 0.5 % $ — — $ — — % $ — Commercial & industrial 5 2,592 0.7 % — 1 3,233 1.0 % — Total 8 $ 3,311 $ — 1 $ 3,233 $ — Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 6 $ 4,029 2.7 % $ 1,024 — $ — — % $ — Commercial & industrial 4 1,605 0.5 % — 1 1,406 0.5 % 422 Total 10 $ 5,634 $ 1,024 1 $ 1,406 $ 422 The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Number of Loans Financial Effect Number of Loans Financial Effect (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Commercial & industrial 3 Extend maturity date and payment concession 1 Extend maturity Total 3 1 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 1 Extend maturity date and allow additional lender funding — Commercial & industrial 4 Extend maturity date 1 Extend term and allow additional lender funding Total 5 1 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Number of Loans Financial Effect Number of Loans Financial Effect (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 3 Extend maturity date — Commercial & industrial 5 Extend maturity date and allow additional lender funding 1 Extend maturity Total 8 1 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 6 Extend maturity date — Commercial & industrial 4 Extend maturity date and allow additional lender funding 1 Extend term and allow additional lender funding Total 10 1

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of short term borrowings	The following table presents short-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest June 30, December 31, FHLB Open Repo Plus Weekly 06/16/2025 5.67% $ 95,080 $ 104,792 FRB BTFP Advances 03/29/2024 4.76% — 33,000 Fed Funds Overnight Borrowing 7/01/2024 6.50% 947 — ACBB Holding Company Revolving LOC 6/25/2025 8.75% 4,000 — FHLB Mid-term Repo Fixed 9/30/2024 4.60% 3,432 3,432 FHLB Mid-term Repo Fixed 10/25/2024 5.03% 8,097 — FHLB Mid-term Repo Fixed 7/31/2024 5.68% 15,625 — FHLB Mid-term Repo Fixed 1/27/2025 4.85% 8,000 — FHLB Mid-term Repo Fixed 2/24/2025 5.35% 7,813 — Total Short-Term Borrowings $ 142,994 $ 141,224
Schedule of long term debt	The following table presents long-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest June 30, December 31, FHLB Mid-term Repo Fixed 12/22/2025 4.23% $ 8,935 $ 8,935 FHLB Mid-term Repo Fixed 5/20/2027 4.70% 10,594 — FHLB Mid-term Repo Fixed 10/14/2025 5.16% 9,492 9,492 FHLB Mid-term Repo Fixed 7/14/2026 4.57% 15,245 15,245 Total Long-Term Borrowings $ 44,266 $ 33,672

Servicing Assets (Tables)

Servicing Assets (Tables)	6 Months Ended
	Jun. 30, 2024
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 Six months ended (dollars in thousands) 2024 2023 2024 2023 Balance at beginning of the period $ 8,314 $ 9,573 $ 8,622 $ 9,942 Servicing rights capitalized 22 — 32 — Amortization of servicing rights (310) (335) (628) (706) Change in valuation allowance - recovery — — — 2 Balance at end of the period $ 8,026 $ 9,238 $ 8,026 $ 9,238
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% adverse changes in key economic assumptions are included in the following table. (dollars in thousands) June 30, December 31, Fair value of residential mortgage servicing rights $ 10,939 $ 11,221 Weighted average life (months) 40 28 Prepayment speed 8.04 % 8.57 % Impact on fair value: 10% adverse change $ (486) $ (506) 20% adverse change (934) (973) Discount rate 9.50 % 9.50 % Impact on fair value: 10% adverse change $ (560) $ (415) 20% adverse change (1,063) (799)
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 Six months ended (dollars in thousands) 2024 2023 2024 2023 Balance at beginning of the period $ 3,259 $ 2,552 $ 3,127 $ 2,404 Servicing rights capitalized 256 512 453 726 Amortization of servicing rights (219) (252) (460) (447) Change in valuation allowance 19 143 195 272 Balance at end of the period $ 3,315 $ 2,955 $ 3,315 $ 2,955
Schedule of valuation allowance for servicing assets	Activity in the valuation allowance for SBA loan servicing assets was as follows: Three months ended Six months ended (dollars in thousands) 2024 2023 2024 2023 Valuation allowance, beginning of period $ (92) $ (235) $ (268) $ (364) Impairment — — — — Recovery 19 143 195 272 Valuation allowance, end of period $ (73) $ (92) $ (73) $ (92)
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% adverse changes in key economic assumptions are included in the following table. (dollars in thousands) June 30, December 31, Fair value of SBA loan servicing rights $ 3,644 $ 3,376 Weighted average life (years) 3.2 3.5 Prepayment speed 16.47 % 14.70 % Impact on fair value: 10% adverse change $ (158) $ (125) 20% adverse change (144) (241) Discount rate 13.05 % 14.66 % Impact on fair value: 10% adverse change $ (81) $ (74) 20% adverse change (159) (145)

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	6 Months Ended
	Jun. 30, 2024
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 : June 30, 2024 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 19,765 $ — $ 19,765 $ — U.S. government agency MBS 21,902 — 21,902 — U.S. government agency CMO 26,587 — 26,587 — State and municipal securities 36,926 — 36,926 — U.S. Treasuries 30,471 30,471 — — Non-U.S. government agency CMO 15,257 — 15,257 Corporate bonds 8,233 — 8,233 — Equity investments 2,088 — 2,088 — Mortgage loans held for sale 54,278 — 54,278 — Mortgage loans held for investment 12,900 — 12,900 — Interest rate lock commitments 451 — — 451 Forward commitments 16 — 16 — Customer derivatives - interest rate swaps 3,658 — 3,658 — Interest rate swaps 613 — 613 — Total $ 233,145 $ 30,471 $ 202,223 $ 451 Liabilities Interest rate lock commitments $ 52 $ — $ — $ 52 Forward commitments 14 — 14 — Customer derivatives - interest rate swaps 3,649 — 3,649 — Risk Participation Agreements 4 — 4 — Total $ 3,719 $ — $ 3,667 $ 52 December 31, 2023 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 16,824 $ — $ 16,824 $ — U.S. government agency MBS 22,634 — 22,634 — U.S. government agency CMO 19,573 — 19,573 — State and municipal securities 36,216 — 36,216 — U.S. Treasuries 30,422 30,422 — — Non-U.S. government agency CMO 13,155 — 13,155 — Corporate bonds 7,195 — 7,195 — Equity investments 2,121 — 2,121 — Mortgage loans held for sale 24,816 — 24,816 — Mortgage loans held for investment 13,726 — 13,726 — Interest rate lock commitments 214 — — 214 Customer derivatives - interest rate swaps 3,528 — 3,528 — Total $ 190,424 $ 30,422 $ 159,788 $ 214 Liabilities Interest rate lock commitments $ 17 $ — $ — $ 17 Forward commitments 41 — 41 — Customer derivatives - interest rate swaps 3,544 — 3,544 — Risk Participation Agreements 11 — 11 — Total $ 3,613 $ — $ 3,596 $ 17
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) June 30, December 31, Mortgage servicing rights $ 8,026 $ 8,621 SBA loan servicing rights 3,315 3,127 Individually evaluated loans (1) Commercial and industrial 9,942 9,818 Small business loans 6,348 3,134 Total $ 27,631 $ 24,700
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 June 30, 2024 $ 16,290 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-33% discount December 31, 2023 12,952 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-33% 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 June 30, 2024 $ 451 Market comparable pricing Pull through 1 - 99% 83.31% December 31, 2023 214 Market comparable pricing Pull through 1 - 99% 79.48
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: Fair Value June 30, 2024 December 31, 2023 (dollars in thousands) Carrying Fair value Carrying Fair value Financial assets: Cash and cash equivalents Level 1 $ 24,058 $ 24,058 $ 56,697 $ 56,697 Mortgage loans held for sale Level 2 54,278 54,278 24,816 24,816 Loans receivable, net of the allowance for credit losses Level 3 1,975,635 1,905,722 1,882,080 1,832,558 Mortgage loans held for investment Level 2 12,900 12,900 13,726 13,726 Financial liabilities: Deposits Level 2 $ 1,915,436 $ 1,912,200 $ 1,823,462 $ 1,834,700 Borrowings Level 2 187,260 196,300 174,896 176,400 Subordinated debentures Level 2 49,897 48,732 49,836 50,223
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 Six months ended (dollars in thousands) 2024 2023 2024 2023 Balance at beginning of the period $ 288 $ 139 $ 214 $ 87 Increase in value 163 122 237 174 Balance at end of the period $ 451 $ 261 $ 451 $ 261

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
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: June 30, 2024 December 31, 2023 (dollars in thousands) Balance Sheet Line Item Notional Amount Asset (Liability) Fair Value Notional Amount Asset (Liability) Fair Value Interest Rate Lock Commitments Positive fair values Other assets $ 70,244 $ 451 $ 33,735 $ 214 Negative fair values Other liabilities 17,061 (52) 5,399 (17) Total $ 87,305 $ 399 $ 39,134 $ 197 Forward Commitments Positive fair values Other assets $ 3,750 $ 16 $ — $ — Negative fair values Other liabilities 4,750 (14) 4,250 (41) Total $ 8,500 $ 2 $ 4,250 $ (41) Customer Derivatives - Interest Rate Swaps Positive fair values Other assets $ 49,633 $ 3,658 $ 50,593 $ 3,528 Negative fair values Other liabilities 49,633 (3,649) 50,593 (3,544) Total $ 99,266 $ 9 $ 101,186 $ (17) Customer Derivatives - Risk Participation Agreements Positive fair values Other assets $ — $ — $ — $ — Negative fair values Other liabilities 7,020 (4) 7,082 (11) Total $ 7,020 $ (4) $ 7,082 $ (11) Interest Rate Swaps Positive fair values Other assets $ 75,000 $ 613 $ — $ — Negative fair values Other liabilities — — 75,000 (539) Total $ 75,000 $ 613 $ 75,000 $ (539) Total derivative financial instruments $ 277,091 $ 1,019 $ 226,652 $ (410)
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 Six months ended (dollars in thousands) 2024 2023 2024 2023 Interest Rate Lock Commitments $ 195 $ 146 $ 202 $ 109 Forward Commitments 2 13 43 13 Customer Derivatives - Interest Rate Swaps 5 14 26 (14) Customer Derivatives - Risk Participation Agreements 1 9 7 5 Interest Rate Swaps 176 435 1,152 435 Net fair value gains (losses) on derivative financial instruments $ 379 $ 617 $ 1,430 $ 548

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 Three Months Ended June 30, 2023 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 16,784 $ 36 $ 26 $ 16,846 $ 17,102 $ (29) $ 25 $ 17,098 Provision for credit losses 2,680 — — 2,680 705 — — 705 Net interest income after provision 14,104 36 26 14,166 16,397 (29) 25 16,393 Non-interest Income Mortgage banking income 67 — 5,353 5,420 81 — 4,969 5,050 Wealth management income — 1,444 — 1,444 — 1,235 — 1,235 SBA loan income 785 — — 785 1,767 — — 1,767 Net change in fair values 6 — 144 150 23 — (258) (235) Net loss on hedging activity — — (63) (63) — — (1) (1) Other 815 — 693 1,508 637 — 671 1,308 Non-interest income 1,673 1,444 6,127 9,244 2,508 1,235 5,381 9,124 Non-interest expense 12,606 804 5,608 19,018 12,325 889 6,401 19,615 Income (loss) before income taxes $ 3,171 $ 676 $ 545 $ 4,392 $ 6,580 $ 317 $ (995) $ 5,902 Total Assets $ 2,248,950 $ 10,347 $ 92,287 $ 2,351,584 $ 2,143,278 $ 8,485 $ 55,114 $ 2,206,877 Segment Information Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 33,376 $ 30 $ 49 $ 33,455 $ 34,721 $ 3 $ 51 $ 34,775 Provision for credit losses 5,546 — — 5,546 2,104 — — 2,104 Net interest income after provision 27,830 30 49 27,909 32,617 3 51 32,671 Non-interest Income Mortgage banking income 155 — 8,899 9,054 139 — 8,183 8,322 Wealth management income 1 2,760 — 2,761 — 2,431 — 2,431 SBA loan income 1,771 — — 1,771 2,480 — — 2,480 Net change in fair values 34 — 14 48 (8) — (180) (188) Net loss on hedging activity — — (82) (82) — — (1) (1) Other 1,589 — 2,087 3,676 1,327 — 1,391 2,718 Non-interest income 3,550 2,760 10,918 17,228 3,938 2,431 9,393 15,762 Non-interest expense 24,669 1,636 10,887 37,192 23,024 1,877 12,503 37,404 Income (loss) before income taxes $ 6,711 $ 1,154 $ 80 $ 7,945 $ 13,531 $ 557 $ (3,059) $ 11,029 Total Assets $ 2,248,950 $ 10,347 $ 92,287 $ 2,351,584 $ 2,143,278 $ 8,485 $ 55,114 $ 2,206,877

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator for earnings per share:
Net income available to common stockholders	$ 3,326	$ 4,645	$ 6,002	$ 8,666
Denominators for earnings per share:
Weighted average shares outstanding (in shares)	11,247	11,240	11,246	11,348
Average unearned ESOP shares (in shares)	(151)	(178)	(154)	(181)
Basic weighted averages shares outstanding (in shares)	11,096	11,062	11,092	11,167
Dilutive effects of assumed exercises of stock options (in shares)	54	72	86	165
Dilutive effects of SERP shares (in shares)	0	170	0	162
Diluted weighted averages shares outstanding (in shares)	11,150	11,304	11,178	11,494
Basic earnings per share (in USD per share)	$ 0.30	$ 0.42	$ 0.54	$ 0.78
Diluted earnings per share (in USD per share)	$ 0.30	$ 0.41	$ 0.54	$ 0.75
Antidilutive shares excluded from computation of average dilutive earnings per share (in shares)	587	512	587	507

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value (Details) $ in Thousands	Jun. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Securities available-for-sale:
Amortized cost	$ 169,751	$ 156,492
Gross unrealized gains	395	491
Gross unrealized losses	(11,005)	(10,964)
Allowance for credit losses	0	0
Fair value	$ 159,141	$ 146,019
# of Securities in unrealized loss position | security	139	133
Securities held to maturity:
Amortized cost	$ 35,089	$ 35,781
Gross unrecognized gains	9	52
Gross unrecognized losses	(3,403)	(3,103)
Allowance for credit losses	0	0
Securities, held-to-maturity, fair value	$ 31,695	$ 32,730
# of Securities in unrealized loss position | security	21	21
U.S. asset backed securities
Securities available-for-sale:
Amortized cost	$ 19,839	$ 17,012
Gross unrealized gains	58	25
Gross unrealized losses	(132)	(213)
Allowance for credit losses	0	0
Fair value	$ 19,765	$ 16,824
# of Securities in unrealized loss position | security	10	11
U.S. government agency MBS
Securities available-for-sale:
Amortized cost	$ 22,200	$ 22,750
Gross unrealized gains	174	364
Gross unrealized losses	(472)	(480)
Allowance for credit losses	0	0
Fair value	$ 21,902	$ 22,634
# of Securities in unrealized loss position | security	13	14
U.S. government agency CMO
Securities available-for-sale:
Amortized cost	$ 28,851	$ 21,850
Gross unrealized gains	0	0
Gross unrealized losses	(2,264)	(2,277)
Allowance for credit losses	0	0
Fair value	$ 26,587	$ 19,573
# of Securities in unrealized loss position | security	34	30
State and municipal securities
Securities available-for-sale:
Amortized cost	$ 41,224	$ 40,093
Gross unrealized gains	0	0
Gross unrealized losses	(4,298)	(3,877)
Allowance for credit losses	0	0
Fair value	$ 36,926	$ 36,216
# of Securities in unrealized loss position | security	32	31
Securities held to maturity:
Amortized cost		$ 35,781
Gross unrecognized gains		52
Gross unrecognized losses	$ (3,403)	(3,103)
Allowance for credit losses		0
Securities, held-to-maturity, fair value		$ 32,730
# of Securities in unrealized loss position | security		21
U.S. Treasuries
Securities available-for-sale:
Amortized cost	32,984	$ 32,982
Gross unrealized gains	0	0
Gross unrealized losses	(2,513)	(2,560)
Allowance for credit losses	0	0
Fair value	$ 30,471	$ 30,422
# of Securities in unrealized loss position | security	25	25
Non-U.S. government agency CMO
Securities available-for-sale:
Amortized cost	$ 15,663	$ 13,605
Gross unrealized gains	81	102
Gross unrealized losses	(487)	(552)
Allowance for credit losses	0	0
Fair value	$ 15,257	$ 13,155
# of Securities in unrealized loss position | security	12	9
Corporate bonds
Securities available-for-sale:
Amortized cost	$ 8,990	$ 8,200
Gross unrealized gains	82	0
Gross unrealized losses	(839)	(1,005)
Allowance for credit losses	0	0
Fair value	$ 8,233	$ 7,195
# of Securities in unrealized loss position | security	13	13

Securities - Additional Informa

Securities - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Securities
Number of securities deemed other-than-temporarily impaired | security			0
Fair value	$ 159,141		$ 159,141		$ 146,019
Proceeds from the sale of available for sale investments		$ 13,500	0	$ 13,514
Loss on sale of investment securities	0	$ 54	0	$ 54
Asset Pledged as Collateral
Securities
Fair value	$ 54,300		$ 54,300		$ 60,100

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Securities available-for-sale:
Less than 12 Months, Fair Value	$ 25,589	$ 14,566
12 Months or More, Fair Value	109,825	110,242
Total Fair Value	135,414	124,808
Less than 12 Months, Unrealized Losses	(198)	(193)
12 Months or More, Unrealized Losses	(10,807)	(10,771)
Total Unrealized Losses	(11,005)	(10,964)
Securities held-to-maturity:
Less than 12 Months, Fair Value	1,047	1,021
12 Months or More, Fair Value	29,339	29,404
Total Fair Value	30,386	30,425
Less than 12 Months, Unrecognized Losses	(21)	(6)
12 Months or More, Unrecognized Losses	(3,383)	(3,097)
Total Unrecognized Losses	(3,403)	(3,103)
U.S. asset backed securities
Securities available-for-sale:
Less than 12 Months, Fair Value	7,348	4,981
12 Months or More, Fair Value	4,019	6,195
Total Fair Value	11,367	11,176
Less than 12 Months, Unrealized Losses	(31)	(25)
12 Months or More, Unrealized Losses	(101)	(188)
Total Unrealized Losses	(132)	(213)
U.S. government agency MBS
Securities available-for-sale:
Less than 12 Months, Fair Value	3,577	4,864
12 Months or More, Fair Value	8,156	8,170
Total Fair Value	11,733	13,034
Less than 12 Months, Unrealized Losses	(90)	(35)
12 Months or More, Unrealized Losses	(382)	(445)
Total Unrealized Losses	(472)	(480)
U.S. government agency CMO
Securities available-for-sale:
Less than 12 Months, Fair Value	7,771	2,687
12 Months or More, Fair Value	18,816	16,886
Total Fair Value	26,587	19,573
Less than 12 Months, Unrealized Losses	(50)	(36)
12 Months or More, Unrealized Losses	(2,214)	(2,241)
Total Unrealized Losses	(2,264)	(2,277)
State and municipal securities
Securities available-for-sale:
Less than 12 Months, Fair Value	1,491	0
12 Months or More, Fair Value	35,435	36,216
Total Fair Value	36,926	36,216
Less than 12 Months, Unrealized Losses	(5)	0
12 Months or More, Unrealized Losses	(4,293)	(3,877)
Total Unrealized Losses	(4,298)	(3,877)
Securities held-to-maturity:
Less than 12 Months, Fair Value	1,047	1,021
12 Months or More, Fair Value	29,339	29,404
Total Fair Value	30,386	30,425
Less than 12 Months, Unrecognized Losses	(21)	(6)
12 Months or More, Unrecognized Losses	(3,382)	(3,097)
Total Unrecognized Losses	(3,403)	(3,103)
U.S. Treasuries
Securities available-for-sale:
Less than 12 Months, Fair Value	0	0
12 Months or More, Fair Value	30,471	30,422
Total Fair Value	30,471	30,422
Less than 12 Months, Unrealized Losses	0	0
12 Months or More, Unrealized Losses	(2,513)	(2,560)
Total Unrealized Losses	(2,513)	(2,560)
Non-U.S. government agency CMO
Securities available-for-sale:
Less than 12 Months, Fair Value	5,402	1,127
12 Months or More, Fair Value	5,566	6,065
Total Fair Value	10,968	7,192
Less than 12 Months, Unrealized Losses	(22)	(4)
12 Months or More, Unrealized Losses	(465)	(548)
Total Unrealized Losses	(487)	(552)
Corporate bonds
Securities available-for-sale:
Less than 12 Months, Fair Value	0	907
12 Months or More, Fair Value	7,362	6,288
Total Fair Value	7,362	7,195
Less than 12 Months, Unrealized Losses	0	(93)
12 Months or More, Unrealized Losses	(839)	(912)
Total Unrealized Losses	$ (839)	$ (1,005)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Contractual Maturities, Available-for-sale, Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	32,984
Due after five years through ten years	18,451
Due after ten years	51,602
Subtotal	103,037
Mortgage-related securities	66,714
Amortized cost	169,751	$ 156,492
Contractual Maturities, Available-for-sale, Fair Value
Due in one year or less	0
Due after one year through five years	30,471
Due after five years through ten years	17,131
Due after ten years	47,793
Subtotal	95,395
Mortgage-related securities	63,746
Fair value	159,141	146,019
Contractual Maturities, Held-to-maturity, Amortized Cost
Due in one year or less	0
Due after one year through five years	3,225
Due after five years through ten years	5,775
Due after ten years	26,089
Subtotal	35,089
Mortgage-related securities	0
Amortized cost	35,089	35,781
Contractual Maturities, Held-to-maturity, Fair Value
Due in one year or less	0
Due after one year through five years	3,200
Due after five years through ten years	4,835
Due after ten years	23,660
Subtotal	31,695
Mortgage-related securities	0
Total	$ 31,695	$ 32,730

Loans and Other Finance Recei_3

Loans and Other Finance Receivables - Loans Outstanding by Category (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loans Receivable
Total loans and other finance receivables	$ 1,983,141	$ 1,888,448
Residential mortgage real estate loans accounted under fair value option, at fair value	12,900	13,726
Residential mortgage real estate loans accounted under fair value option, at amortized cost	15,609	16,198
Unearned lease income included in leases, net	(13,404)	(19,210)
Unamortized net deferred loan origination costs	5,394	7,358
Real estate loans:
Loans Receivable
Total loans and other finance receivables	1,381,219	1,321,194
Real estate loans: | Commercial mortgage
Loans Receivable
Total loans and other finance receivables	775,298	737,863
Real estate loans: | Home equity lines and loans
Loans Receivable
Total loans and other finance receivables	83,828	76,287
Real estate loans: | Residential mortgage
Loans Receivable
Total loans and other finance receivables	259,469	260,604
Real estate loans: | Construction
Loans Receivable
Total loans and other finance receivables	262,624	246,440
Commercial and industrial
Loans Receivable
Total loans and other finance receivables	352,471	302,891
Small business loans
Loans Receivable
Total loans and other finance receivables	151,458	142,342
Consumer
Loans Receivable
Total loans and other finance receivables	369	389
Leases, net
Loans Receivable
Total loans and other finance receivables	$ 97,624	$ 121,632

Loans and Other Finance Recei_4

Loans and Other Finance Receivables - Age Analysis of Past Due Loans and Leases (Details) $ in Thousands	Jul. 17, 2024 USD ($)	Jun. 30, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		$ 1,983,141	$ 1,888,448
Total accruing loans and leases		1,945,500	1,854,685
Nonaccrual loans and leases		$ 37,641	$ 33,763
% Delinquent		2.44%	2.10%
Residential mortgage real estate loans accounted under fair value option, at fair value		$ 12,900	$ 13,726
Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases		1,169	1,037
Residential mortgage
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases		4,768	4,536
Construction
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases		1,784	1,206
Real estate loans:
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		1,381,219	1,321,194
Real estate loans: | Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		775,298	737,863
Total accruing loans and leases		775,298	737,863
Nonaccrual loans and leases		$ 0	$ 0
% Delinquent		0.11%	0.08%
Real estate loans: | Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		$ 83,828	$ 76,287
Total accruing loans and leases		82,659	75,250
Nonaccrual loans and leases		$ 1,169	$ 1,037
% Delinquent		1.56%	2.10%
Real estate loans: | Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		$ 259,469	$ 260,604
Total accruing loans and leases		254,701	256,068
Nonaccrual loans and leases		$ 4,768	$ 4,536
% Delinquent		3.17%	2.16%
Real estate loans: | Construction
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		$ 262,624	$ 246,440
Total accruing loans and leases		260,840	245,234
Nonaccrual loans and leases		$ 1,784	$ 1,206
% Delinquent		2.56%	0.49%
Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		$ 352,471	$ 302,891
Total accruing loans and leases		339,124	287,478
Nonaccrual loans and leases		$ 13,347	$ 15,413
% Delinquent		3.79%	5.09%
Commercial and industrial | Subsequent event
Age Analysis of Past Due Loans and Leases
Discount on repurchase of commercial loan	$ 575
Increase in non-performing loans	$ 2,100
Small business loans
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		$ 151,458	$ 142,342
Total accruing loans and leases		137,185	132,902
Nonaccrual loans and leases		$ 14,273	$ 9,440
% Delinquent		9.42%	7.69%
Consumer
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		$ 369	$ 389
Total accruing loans and leases		369	389
Nonaccrual loans and leases		$ 0	$ 0
% Delinquent		0%	0%
Loans in process of foreclosure, number of loans | loan		4	4
Loans in process of foreclosure, amount		$ 1,300	$ 937
Leases, net
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		97,624	121,632
Total accruing loans and leases		95,324	119,501
Nonaccrual loans and leases		$ 2,300	$ 2,131
% Delinquent		3.75%	3.56%
30-89 days past due
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		$ 10,772	$ 5,936
30-89 days past due | Real estate loans: | Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		864	571
30-89 days past due | Real estate loans: | Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		136	566
30-89 days past due | Real estate loans: | Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		3,468	1,103
30-89 days past due | Real estate loans: | Construction
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		4,945	0
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		0	0
30-89 days past due | Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		0	0
30-89 days past due | Small business loans
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		0	1,499
30-89 days past due | Consumer
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		0	0
30-89 days past due | Leases, net
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		1,359	2,197
Current
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		1,934,728	1,848,749
Current | Real estate loans: | Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		774,434	737,292
Current | Real estate loans: | Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		82,523	74,684
Current | Real estate loans: | Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		251,233	254,965
Current | Real estate loans: | Construction
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		255,895	245,234
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		12,400	12,900
Current | Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		339,124	287,478
Current | Small business loans
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		137,185	131,403
Current | Consumer
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		369	389
Current | Leases, net
Age Analysis of Past Due Loans and Leases
Total loans and other finance receivables		93,965	117,304
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		$ 451	$ 786

Loans and Other Finance Recei_5

Loans and Other Finance Receivables - Schedule of Financing Receivables, Nonaccrual (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	$ 13,994	$ 15,860
Nonaccrual with ACL	23,647	17,903
Nonaccrual loans and leases	37,641	33,763
Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,169	1,037
Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	4,768	4,536
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,784	1,206
Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Real estate loans: | Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	1,169	1,037
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	1,169	1,037
Real estate loans: | Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	4,487	4,536
Nonaccrual with ACL	281	0
Nonaccrual loans and leases	4,768	4,536
Real estate loans: | Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	1,784	1,206
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	1,784	1,206
Real estate loans: | Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	0	0
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	0	0
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	433	3,343
Nonaccrual with ACL	12,914	12,070
Nonaccrual loans and leases	13,347	15,413
Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	3,821	3,607
Nonaccrual with ACL	10,452	5,833
Nonaccrual loans and leases	14,273	9,440
Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	2,300	2,131
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	$ 2,300	$ 2,131

Loans and Other Finance Recei_6

Loans and Other Finance Receivables - Schedule of Non-Accruing Collateral-Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	$ 37,641	$ 33,763
Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,169	1,037
Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	4,768	4,536
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,784	1,206
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	13,347	15,413
Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	14,273	9,440
Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	2,300	2,131
Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	20,569	14,989
Real estate | Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,169	1,037
Real estate | Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	4,768	4,536
Real estate | Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,784	1,206
Real estate | Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,598	1,890
Real estate | Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	11,250	6,320
Real estate | Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Real estate | Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Equipment and other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	17,072	18,774
Equipment and other | Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Equipment and other | Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Equipment and other | Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Equipment and other | Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	11,749	13,523
Equipment and other | Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	3,023	3,120
Equipment and other | Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	2,300	2,131
Equipment and other | Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	$ 0	$ 0

Allowance for Credit Losses - R

Allowance for Credit Losses - Roll-forward of Allowance by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 23,171	$ 20,442	$ 22,107	$ 18,828	$ 18,828
Charge-offs	(4,352)	(1,155)	(6,796)	(2,652)
Recoveries	238	168	371	213
Provision (recovery of provision) for credit losses	2,646	787	6,021	2,257
Ending balance	21,703	20,242	21,703	20,242	22,107
Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				1,596	1,596
Commercial mortgage
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	4,179	3,475	4,375	4,095	4,095
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Provision (recovery of provision) for credit losses	(503)	(226)	(699)	(320)
Ending balance	3,676	3,249	3,676	3,249	4,375
Commercial mortgage | Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				(526)	(526)
Home equity lines and loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	958	615	998	188	188
Charge-offs	(86)	(54)	(86)	(87)	(87)
Recoveries	26	1	27	3
Provision (recovery of provision) for credit losses	216	228	175	247
Ending balance	1,114	790	1,114	790	998
Home equity lines and loans | Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				439	439
Residential mortgage
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,177	868	1,020	948	948
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Provision (recovery of provision) for credit losses	(118)	179	39	82
Ending balance	1,059	1,047	1,059	1,047	1,020
Residential mortgage | Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				17	17
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	583	1,119	485	3,075	3,075
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Provision (recovery of provision) for credit losses	8	175	106	(18)
Ending balance	591	1,294	591	1,294	485
Construction | Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				(1,763)	(1,763)
Commercial and industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	5,083	2,733	4,518	4,012	4,012
Charge-offs	(1,620)	0	(1,828)	0	(266)
Recoveries	0	17	2	56
Provision (recovery of provision) for credit losses	1,348	(509)	2,119	(804)
Ending balance	4,811	2,241	4,811	2,241	4,518
Commercial and industrial | Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				(1,023)	(1,023)
Small business loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	7,805	6,316	7,005	4,909	4,909
Charge-offs	(1,392)	(326)	(1,479)	(326)	(1,488)
Recoveries	64	0	67	0
Provision (recovery of provision) for credit losses	1,021	878	1,905	1,175
Ending balance	7,498	6,868	7,498	6,868	7,005
Small business loans | Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				1,110	1,110
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1	0	0	3	3
Charge-offs	0	0	(1)	0	(2)
Recoveries	1	1	2	2
Provision (recovery of provision) for credit losses	(2)	(1)	(1)	(2)
Ending balance	0	0	0	0	0
Consumer | Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				(3)	(3)
Leases, net
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance	3,385	5,316	3,706	1,598	1,598
Charge-offs	(1,254)	(775)	(3,402)	(2,239)	(4,033)
Recoveries	147	149	273	152
Provision (recovery of provision) for credit losses	676	63	2,377	1,897
Ending balance	$ 2,954	$ 4,753	$ 2,954	4,753	3,706
Leases, net | Adjustment to initially apply ASU No. 2016-13 for CECL
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning Balance				$ 3,345	$ 3,345

Allowance for Credit Losses - P

Allowance for Credit Losses - Provision for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
Provision for credit losses - funded	$ 2,646	$ 787	$ 6,021	$ 2,257
Provision (recovery) for credit losses - unfunded	34	(82)	(475)	(153)
Provision (recovery of provision) for credit losses	$ 2,680	$ 705	$ 5,546	$ 2,104

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance Allocated by Portfolio Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	$ 7,153		$ 6,496
Allowance on loans and leases collectively evaluated for impairment	14,550		15,611
Total allowance on loans and leases	21,703	$ 23,171	22,107	$ 20,242	$ 20,442	$ 18,828
Carrying value of loans and leases individually evaluated for impairment	37,190		32,977
Carrying value of loans and leases collectively evaluated for impairment	1,933,051		1,841,745
Total on carrying value of loans and leases	1,970,241		1,874,722
Commercial mortgage
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0		0
Allowance on loans and leases collectively evaluated for impairment	3,676		4,375
Total allowance on loans and leases	3,676	4,179	4,375	3,249	3,475	4,095
Carrying value of loans and leases individually evaluated for impairment	0		0
Carrying value of loans and leases collectively evaluated for impairment	775,298		737,863
Total on carrying value of loans and leases	775,298		737,863
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	1,114		998
Total allowance on loans and leases	1,114	958	998	790	615	188
Carrying value of loans and leases individually evaluated for impairment	1,169		1,037
Carrying value of loans and leases collectively evaluated for impairment	82,659		75,250
Total on carrying value of loans and leases	83,828		76,287
Residential mortgage
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	2		0
Allowance on loans and leases collectively evaluated for impairment	1,057		1,020
Total allowance on loans and leases	1,059	1,177	1,020	1,047	868	948
Carrying value of loans and leases individually evaluated for impairment	4,317		3,750
Carrying value of loans and leases collectively evaluated for impairment	242,252		243,128
Total on carrying value of loans and leases	246,569		246,878
Construction
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0		0
Allowance on loans and leases collectively evaluated for impairment	591		485
Total allowance on loans and leases	591	583	485	1,294	1,119	3,075
Carrying value of loans and leases individually evaluated for impairment	1,784		1,206
Carrying value of loans and leases collectively evaluated for impairment	260,840		245,234
Total on carrying value of loans and leases	262,624		246,440
Commercial and industrial
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	3,422		3,691
Allowance on loans and leases collectively evaluated for impairment	1,389		827
Total allowance on loans and leases	4,811	5,083	4,518	2,241	2,733	4,012
Carrying value of loans and leases individually evaluated for impairment	13,347		15,413
Carrying value of loans and leases collectively evaluated for impairment	339,124		287,478
Total on carrying value of loans and leases	352,471		302,891
Small business loans
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	3,729		2,805
Allowance on loans and leases collectively evaluated for impairment	3,769		4,200
Total allowance on loans and leases	7,498	7,805	7,005	6,868	6,316	4,909
Carrying value of loans and leases individually evaluated for impairment	14,273		9,440
Carrying value of loans and leases collectively evaluated for impairment	137,185		132,902
Total on carrying value of loans and leases	151,458		142,342
Consumer
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0		0
Allowance on loans and leases collectively evaluated for impairment	0		0
Total allowance on loans and leases	0	1	0	0	0	3
Carrying value of loans and leases individually evaluated for impairment	0		0
Carrying value of loans and leases collectively evaluated for impairment	369		389
Total on carrying value of loans and leases	369		389
Leases, net
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0		0
Allowance on loans and leases collectively evaluated for impairment	2,954		3,706
Total allowance on loans and leases	2,954	$ 3,385	3,706	$ 4,753	$ 5,316	$ 1,598
Carrying value of loans and leases individually evaluated for impairment	2,300		2,131
Carrying value of loans and leases collectively evaluated for impairment	95,324		119,501
Total on carrying value of loans and leases	$ 97,624		$ 121,632

Allowance for Credit Losses - C

Allowance for Credit Losses - Carrying Value Based on Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Loans and Leases by Credit Ratings
Loans and other finance receivables, net of fees and costs	$ 1,988,535		$ 1,988,535		$ 1,895,806
Year-to-date gross charge-offs	(4,352)	$ (1,155)	(6,796)	$ (2,652)
Residential mortgage real estate loans accounted under fair value option, at fair value	12,900		12,900		13,726
Evaluated by performance status
Loans and Leases by Credit Ratings
2024	11,009		11,009		72,275
2024, Writeoff			0		(128)
2023	67,921		67,921		213,533
2023, Writeoff			(434)		(2,165)
2022	195,613		195,613		53,795
2022, Writeoff			(2,414)		(1,450)
2021	44,903		44,903		17,592
2021, Writeoff			(436)		(290)
2020	14,795		14,795		2,679
2020, Writeoff			(118)		(33)
Prior	16,113		16,113		15,266
Prior, Writeoff			0		0
Revolving Loans	78,036		78,036		70,046
Revolving Loans, Writeoff			(87)		(56)
Loans and other finance receivables, net of fees and costs	428,390		428,390		445,186
Year-to-date gross charge-offs			(3,489)		(4,122)
Performing
Loans and Leases by Credit Ratings
2024	11,009		11,009		72,012
2023	67,450		67,450		210,989
2022	192,507		192,507		53,427
2021	44,076		44,076		16,330
2020	13,769		13,769		2,679
Prior	14,842		14,842		13,909
Revolving Loans	76,478		76,478		68,649
Loans and other finance receivables, net of fees and costs	420,131		420,131		437,995
Nonperforming
Loans and Leases by Credit Ratings
2024	0		0		263
2023	471		471		2,544
2022	3,106		3,106		368
2021	827		827		1,262
2020	1,026		1,026		0
Prior	1,271		1,271		1,357
Revolving Loans	1,558		1,558		1,397
Loans and other finance receivables, net of fees and costs	8,259		8,259		7,191
Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
2024	173,859		173,859		236,944
2024, Writeoff			0		(209)
2023	238,507		238,507		315,940
2023, Writeoff			(500)		(55)
2022	281,218		281,218		252,137
2022, Writeoff			(772)		0
2021	233,440		233,440		152,463
2021, Writeoff			(140)		(13)
2020	144,545		144,545		76,296
2020, Writeoff			(75)		(912)
Prior	250,971		250,971		198,661
Prior, Writeoff			(1,324)		0
Revolving Loans Converted to Term Loans	1,301		1,301		1,301
Revolving Loans Converted to Term Loans, Writeoff			0		0
Revolving Loans	218,010		218,010		195,794
Revolving Loans, Writeoff			(496)		(565)
Loans and other finance receivables, net of fees and costs	1,541,851		1,541,851		1,429,536
Year-to-date gross charge-offs			(3,307)		(1,754)
Pass/Watch
Loans and Leases by Credit Ratings
2024	173,859		173,859		236,195
2023	237,898		237,898		314,408
2022	267,939		267,939		242,241
2021	223,190		223,190		145,007
2020	135,168		135,168		69,509
Prior	231,649		231,649		170,088
Revolving Loans Converted to Term Loans	634		634		634
Revolving Loans	192,598		192,598		170,210
Loans and other finance receivables, net of fees and costs	1,462,935		1,462,935		1,348,292
Special Mention
Loans and Leases by Credit Ratings
2024	0		0		500
2023	0		0		9
2022	7,115		7,115		1,329
2021	1,352		1,352		5,334
2020	5,487		5,487		4,852
Prior	9,599		9,599		15,665
Revolving Loans Converted to Term Loans	667		667		667
Revolving Loans	9,174		9,174		9,678
Loans and other finance receivables, net of fees and costs	33,394		33,394		38,034
Substandard
Loans and Leases by Credit Ratings
2024	0		0		249
2023	609		609		1,523
2022	6,164		6,164		8,567
2021	8,898		8,898		2,122
2020	3,890		3,890		1,935
Prior	9,723		9,723		12,908
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	16,238		16,238		15,906
Loans and other finance receivables, net of fees and costs	45,522		45,522		43,210
Commercial mortgage
Loans and Leases by Credit Ratings
2024	52,276		52,276		106,541
2024, Writeoff			0		0
2023	107,359		107,359		160,302
2023, Writeoff			0		0
2022	165,093		165,093		159,218
2022, Writeoff			0		0
2021	154,167		154,167		101,960
2021, Writeoff			0		0
2020	95,686		95,686		62,358
2020, Writeoff			0		0
Prior	198,802		198,802		145,557
Prior, Writeoff			0		0
Revolving Loans Converted to Term Loans	1,178		1,178		1,178
Revolving Loans Converted to Term Loans, Writeoff			0		0
Revolving Loans	737		737		749
Revolving Loans, Writeoff			0		0
Loans and other finance receivables, net of fees and costs	775,298		775,298		737,863
Year-to-date gross charge-offs	0	0	0	0	0
Commercial mortgage | Pass/Watch
Loans and Leases by Credit Ratings
2024	52,276		52,276		106,341
2023	107,159		107,159		160,302
2022	160,661		160,661		158,647
2021	154,167		154,167		97,535
2020	90,830		90,830		56,382
Prior	188,101		188,101		133,349
Revolving Loans Converted to Term Loans	511		511		511
Revolving Loans	737		737		423
Loans and other finance receivables, net of fees and costs	754,442		754,442		713,490
Commercial mortgage | Special Mention
Loans and Leases by Credit Ratings
2024	0		0		0
2023	0		0		0
2022	4,432		4,432		0
2021	0		0		4,425
2020	4,856		4,856		4,341
Prior	8,248		8,248		9,975
Revolving Loans Converted to Term Loans	667		667		667
Revolving Loans	0		0		0
Loans and other finance receivables, net of fees and costs	18,203		18,203		19,408
Commercial mortgage | Substandard
Loans and Leases by Credit Ratings
2024	0		0		200
2023	200		200		0
2022	0		0		571
2021	0		0		0
2020	0		0		1,635
Prior	2,453		2,453		2,233
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	0		0		326
Loans and other finance receivables, net of fees and costs	2,653		2,653		4,965
Construction
Loans and Leases by Credit Ratings
2024	42,396		42,396		67,776
2024, Writeoff			0		0
2023	77,671		77,671		88,737
2023, Writeoff			0		0
2022	58,161		58,161		23,122
2022, Writeoff			0		0
2021	15,766		15,766		27,336
2021, Writeoff			0		0
2020	25,521		25,521		2,818
2020, Writeoff			0		0
Prior	10,367		10,367		7,628
Prior, Writeoff			0		0
Revolving Loans Converted to Term Loans	123		123		123
Revolving Loans Converted to Term Loans, Writeoff			0		0
Revolving Loans	32,619		32,619		28,900
Revolving Loans, Writeoff			0		0
Loans and other finance receivables, net of fees and costs	262,624		262,624		246,440
Year-to-date gross charge-offs	0	0	0	0	0
Construction | Pass/Watch
Loans and Leases by Credit Ratings
2024	42,396		42,396		67,776
2023	77,671		77,671		88,737
2022	58,161		58,161		21,793
2021	14,347		14,347		27,336
2020	24,890		24,890		2,307
Prior	8,649		8,649		2,093
Revolving Loans Converted to Term Loans	123		123		123
Revolving Loans	29,184		29,184		25,976
Loans and other finance receivables, net of fees and costs	255,421		255,421		236,141
Construction | Special Mention
Loans and Leases by Credit Ratings
2024	0		0		0
2023	0		0		0
2022	0		0		1,329
2021	1,352		1,352		0
2020	631		631		511
Prior	0		0		4,329
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	3,435		3,435		2,924
Loans and other finance receivables, net of fees and costs	5,418		5,418		9,093
Construction | Substandard
Loans and Leases by Credit Ratings
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	67		67		0
2020	0		0		0
Prior	1,718		1,718		1,206
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	0		0		0
Loans and other finance receivables, net of fees and costs	1,785		1,785		1,206
Commercial and industrial
Loans and Leases by Credit Ratings
2024	61,487		61,487		26,814
2024, Writeoff			0		(209)
2023	24,256		24,256		38,757
2023, Writeoff			(500)		(55)
2022	28,040		28,040		27,429
2022, Writeoff			0		0
2021	24,833		24,833		8,449
2021, Writeoff			0		(2)
2020	9,555		9,555		4,448
2020, Writeoff			0		0
Prior	34,670		34,670		44,556
Prior, Writeoff			(1,324)		0
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans Converted to Term Loans, Writeoff			0		0
Revolving Loans	169,630		169,630		152,438
Revolving Loans, Writeoff			(4)		0
Loans and other finance receivables, net of fees and costs	352,471		352,471		302,891
Year-to-date gross charge-offs	(1,620)	0	(1,828)	0	(266)
Commercial and industrial | Pass/Watch
Loans and Leases by Credit Ratings
2024	61,487		61,487		26,314
2023	24,256		24,256		38,748
2022	21,417		21,417		24,523
2021	22,502		22,502		8,449
2020	9,555		9,555		4,148
Prior	27,767		27,767		33,726
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	149,245		149,245		131,304
Loans and other finance receivables, net of fees and costs	316,229		316,229		267,212
Commercial and industrial | Special Mention
Loans and Leases by Credit Ratings
2024	0		0		500
2023	0		0		9
2022	2,683		2,683		0
2021	0		0		0
2020	0		0		0
Prior	1,351		1,351		1,361
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	5,739		5,739		6,440
Loans and other finance receivables, net of fees and costs	9,773		9,773		8,310
Commercial and industrial | Substandard
Loans and Leases by Credit Ratings
2024	0		0		0
2023	0		0		0
2022	3,940		3,940		2,906
2021	2,331		2,331		0
2020	0		0		300
Prior	5,552		5,552		9,469
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	14,646		14,646		14,694
Loans and other finance receivables, net of fees and costs	26,469		26,469		27,369
Small business loans
Loans and Leases by Credit Ratings
2024	17,700		17,700		35,813
2024, Writeoff			0		0
2023	29,221		29,221		28,144
2023, Writeoff			0		0
2022	29,924		29,924		42,368
2022, Writeoff			(772)		0
2021	38,674		38,674		14,718
2021, Writeoff			(140)		(11)
2020	13,783		13,783		6,672
2020, Writeoff			(75)		(912)
Prior	7,132		7,132		920
Prior, Writeoff			0		0
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans Converted to Term Loans, Writeoff			0		0
Revolving Loans	15,024		15,024		13,707
Revolving Loans, Writeoff			(492)		(565)
Loans and other finance receivables, net of fees and costs	151,458		151,458		142,342
Year-to-date gross charge-offs	(1,392)	(326)	(1,479)	(326)	(1,488)
Small business loans | Pass/Watch
Loans and Leases by Credit Ratings
2024	17,700		17,700		35,764
2023	28,812		28,812		26,621
2022	27,700		27,700		37,278
2021	32,174		32,174		11,687
2020	9,893		9,893		6,672
Prior	7,132		7,132		920
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	13,432		13,432		12,507
Loans and other finance receivables, net of fees and costs	136,843		136,843		131,449
Small business loans | Special Mention
Loans and Leases by Credit Ratings
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		909
2020	0		0		0
Prior	0		0		0
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	0		0		314
Loans and other finance receivables, net of fees and costs	0		0		1,223
Small business loans | Substandard
Loans and Leases by Credit Ratings
2024	0		0		49
2023	409		409		1,523
2022	2,224		2,224		5,090
2021	6,500		6,500		2,122
2020	3,890		3,890		0
Prior	0		0		0
Revolving Loans Converted to Term Loans	0		0		0
Revolving Loans	1,592		1,592		886
Loans and other finance receivables, net of fees and costs	14,615		14,615		9,670
Leases, net
Loans and Leases by Credit Ratings
2024	240		240		23,317
2024, Writeoff			0		(128)
2023	19,623		19,623		57,134
2023, Writeoff			(434)		(2,165)
2022	46,335		46,335		31,244
2022, Writeoff			(2,414)		(1,450)
2021	24,246		24,246		9,937
2021, Writeoff			(436)		(290)
2020	7,180		7,180		0
2020, Writeoff			(118)		0
Prior	0		0		0
Prior, Writeoff			0		0
Revolving Loans	0		0		0
Revolving Loans, Writeoff			0		0
Loans and other finance receivables, net of fees and costs	97,624		97,624		121,632
Year-to-date gross charge-offs	(1,254)	(775)	(3,402)	(2,239)	(4,033)
Leases, net | Performing
Loans and Leases by Credit Ratings
2024	240		240		23,054
2023	19,152		19,152		55,940
2022	45,406		45,406		30,876
2021	23,510		23,510		9,718
2020	7,024		7,024		0
Prior	0		0		0
Revolving Loans	0		0		0
Loans and other finance receivables, net of fees and costs	95,332		95,332		119,588
Leases, net | Nonperforming
Loans and Leases by Credit Ratings
2024	0		0		263
2023	471		471		1,194
2022	929		929		368
2021	736		736		219
2020	156		156		0
Prior	0		0		0
Revolving Loans	0		0		0
Loans and other finance receivables, net of fees and costs	2,292		2,292		2,044
Home equity lines and loans
Loans and Leases by Credit Ratings
2024	455		455		343
2024, Writeoff			0		0
2023	338		338		795
2023, Writeoff			0		0
2022	779		779		314
2022, Writeoff			0		0
2021	305		305		352
2021, Writeoff			0		0
2020	341		341		2,191
2020, Writeoff			0		(33)
Prior	3,610		3,610		2,295
Prior, Writeoff			0		0
Revolving Loans	78,000		78,000		69,997
Revolving Loans, Writeoff			(86)		(54)
Loans and other finance receivables, net of fees and costs	83,828		83,828		76,287
Year-to-date gross charge-offs	(86)	(54)	(86)	(87)	(87)
Home equity lines and loans | Performing
Loans and Leases by Credit Ratings
2024	455		455		343
2023	338		338		795
2022	779		779		314
2021	214		214		352
2020	341		341		2,191
Prior	3,610		3,610		2,295
Revolving Loans	76,442		76,442		68,600
Loans and other finance receivables, net of fees and costs	82,179		82,179		74,890
Home equity lines and loans | Nonperforming
Loans and Leases by Credit Ratings
2024	0		0		0
2023					0
2022					0
2021	91		91		0
2020					0
Prior					0
Revolving Loans	1,558		1,558		1,397
Loans and other finance receivables, net of fees and costs	1,649		1,649		1,397
Residential mortgage
Loans and Leases by Credit Ratings
2024	10,314		10,314		48,576
2024, Writeoff			0		0
2023	47,907		47,907		155,569
2023, Writeoff			0		0
2022	148,472		148,472		22,237
2022, Writeoff			0		0
2021	20,352		20,352		7,303
2021, Writeoff			0		0
2020	7,274		7,274		456
2020, Writeoff			0		0
Prior	12,250		12,250		12,737
Prior, Writeoff			0		0
Revolving Loans	0		0		0
Revolving Loans, Writeoff			0		0
Loans and other finance receivables, net of fees and costs	246,569		246,569		246,878
Year-to-date gross charge-offs	0	0	0	0	0
Residential mortgage | Performing
Loans and Leases by Credit Ratings
2024	10,314		10,314		48,576
2023	47,907		47,907		154,219
2022	146,295		146,295		22,237
2021	20,352		20,352		6,260
2020	6,404		6,404		456
Prior	10,979		10,979		11,380
Revolving Loans	0		0		0
Loans and other finance receivables, net of fees and costs	242,251		242,251		243,128
Residential mortgage | Nonperforming
Loans and Leases by Credit Ratings
2024	0		0		0
2023	0		0		1,350
2022	2,177		2,177		0
2021	0		0		1,043
2020	870		870		0
Prior	1,271		1,271		1,357
Revolving Loans	0		0		0
Loans and other finance receivables, net of fees and costs	4,318		4,318		3,750
Consumer
Loans and Leases by Credit Ratings
2024	0		0		39
2024, Writeoff			0		0
2023	53		53		35
2023, Writeoff			0		0
2022	27		27		0
2022, Writeoff			0		0
2021	0		0		0
2021, Writeoff			0		0
2020	0		0		32
2020, Writeoff			0		0
Prior	253		253		234
Prior, Writeoff			0		0
Revolving Loans	36		36		49
Revolving Loans, Writeoff			(1)		(2)
Loans and other finance receivables, net of fees and costs	369		369		389
Year-to-date gross charge-offs	0	$ 0	(1)	$ 0	(2)
Consumer | Performing
Loans and Leases by Credit Ratings
2024	0		0		39
2023	53		53		35
2022	27		27		0
2021	0		0		0
2020	0		0		32
Prior	253		253		234
Revolving Loans	36		36		49
Loans and other finance receivables, net of fees and costs	369		369		389
Consumer | Nonperforming
Loans and Leases by Credit Ratings
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Loans and other finance receivables, net of fees and costs	$ 0		$ 0		$ 0

Allowance for Credit Losses - M

Allowance for Credit Losses - Modifications to Debtors Experiencing Financial Difficulty (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) loan modification	Jun. 30, 2023 USD ($) loan modification	Jun. 30, 2024 USD ($) loan modification	Jun. 30, 2023 USD ($) loan modification
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans | loan	3	1	8	1
Amortized Cost Basis	$ 1,402	$ 3,233	$ 3,311	$ 3,233
Related Reserve	$ 0	$ 0	$ 0	$ 0
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans | loan	5	1	10	1
Amortized Cost Basis	$ 2,800	$ 1,406	$ 5,634	$ 1,406
Related Reserve	$ 15	$ 422	$ 1,024	$ 422
Modifications granted to borrowers | modification	8	2	11	2
Number of loans defaulted during the period | loan	1	0	1	0
Small business loans
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans | loan			3	0
Amortized Cost Basis			$ 719	$ 0
Percentage of Total Class of Financing Receivable (as a percent)			0.50%	0%
Related Reserve			$ 0	$ 0
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans | loan	1	1	6
Amortized Cost Basis	$ 1,195	$ 0	$ 4,029	$ 0
Percentage of Total Class of Financing Receivable (as a percent)	0.008	0	0.027	0
Related Reserve	$ 15	$ 0	$ 1,024	$ 0
Commercial and industrial
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans | loan	3	1	5	1
Amortized Cost Basis	$ 1,402	$ 3,233	$ 2,592	$ 3,233
Percentage of Total Class of Financing Receivable (as a percent)	0.40%	1%	0.70%	1%
Related Reserve	$ 0	$ 0	$ 0	$ 0
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans | loan	4	1	4	1
Amortized Cost Basis	$ 1,605	$ 1,406	$ 1,605	$ 1,406
Percentage of Total Class of Financing Receivable (as a percent)	0.005	0.005	0.005	0.005
Related Reserve	$ 0	$ 422	$ 0	$ 422

Short-Term Borrowings and Lon_2

Short-Term Borrowings and Long-Term Debt - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) borrowingFacility	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Short-Term Borrowings
Borrowings	$ 142,994,000		$ 141,224,000
Letters of credit
Short-Term Borrowings
Maximum borrowing capacity	666,600,000		626,800,000
Proceeds from long term debt	$ 157,200,000
Fed Funds Overnight Borrowing
Short-Term Borrowings
Number of borrowing facilities | borrowingFacility	4
Borrowings	$ 947,000		0
Federal funds purchased, facility two
Short-Term Borrowings
Maximum borrowing capacity	56,000,000
Federal Reserve discount window
Short-Term Borrowings
Maximum borrowing capacity	11,100,000
Borrowings	0		0
FRB BTFP Advances
Short-Term Borrowings
Maximum borrowing capacity		$ 33,000,000
Borrowings	$ 0		$ 33,000,000

Short-Term Borrowings and Lon_3

Short-Term Borrowings and Long-Term Debt - Short-term Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Short-Term Borrowings
Short term borrowings	$ 142,994	$ 141,224
FHLB Open Repo Plus Weekly
Short-Term Borrowings
Interest rate	5.67%
Short term borrowings	$ 95,080	104,792
FRB BTFP Advances
Short-Term Borrowings
Interest rate	4.76%
Short term borrowings	$ 0	33,000
Fed Funds Overnight Borrowing
Short-Term Borrowings
Interest rate	6.50%
Short term borrowings	$ 947	0
ACBB Holding Company Revolving LOC
Short-Term Borrowings
Interest rate	8.75%
Short term borrowings	$ 4,000	0
Mid-term Repo Fixed Maturing On 09/30/2024
Short-Term Borrowings
Interest rate	4.60%
Short term borrowings	$ 3,432	3,432
Mid-term Repo Fixed Maturing On 10/25/2024
Short-Term Borrowings
Interest rate	5.03%
Short term borrowings	$ 8,097	0
Mid-term Repo Fixed Maturing On 07/31/2024
Short-Term Borrowings
Interest rate	5.68%
Short term borrowings	$ 15,625	0
Mid-term Repo Fixed Maturing On 01/27/2025
Short-Term Borrowings
Interest rate	4.85%
Short term borrowings	$ 8,000	0
Mid-term Repo Fixed Maturing On 02/24/2025
Short-Term Borrowings
Interest rate	5.35%
Short term borrowings	$ 7,813	$ 0

Short-Term Borrowings and Lon_4

Short-Term Borrowings and Long-Term Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Mid-term Repo Fixed
Long Term Debt
Long-term debt	$ 44,266	$ 33,672
Mid-term Repo Fixed Maturing On 12/22/2025
Long Term Debt
Interest rate	4.23%
Long-term debt	$ 8,935	8,935
Mid-term Repo Fixed Maturing On 05/20/2027
Long Term Debt
Interest rate	4.70%
Long-term debt	$ 10,594	0
Mid-term Repo Fixed Maturing On 10/14/2025
Long Term Debt
Interest rate	5.16%
Long-term debt	$ 9,492	9,492
Mid Term Repo Fixed Maturing On 7/14/2026
Long Term Debt
Interest rate	4.57%
Long-term debt	$ 15,245	$ 15,245

Servicing Assets - Residential

Servicing Assets - Residential Mortgage Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period			$ 11,748
Balance at end of the period	$ 11,341		11,341
Mortgage Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	917,000		917,000		$ 945,200
Servicing fee income	578	$ 618	1,200	$ 1,300
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	8,314	9,573	8,622	9,942
Servicing rights capitalized	22	0	32	0
Amortization of servicing rights	(310)	(335)	(628)	(706)
Change in valuation allowance	0	0	0	2
Balance at end of the period	8,026	9,238	8,026	9,238
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	243,100		243,100		$ 225,800
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	3,259	2,552	3,127	2,404
Servicing rights capitalized	256	512	453	726
Amortization of servicing rights	(219)	(252)	(460)	(447)
Change in valuation allowance	19	143	195	272
Balance at end of the period	3,315	2,955	3,315	2,955
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	(92)	(235)	(268)	(364)
Impairment	0	0	0	0
Recovery	19	143	195	272
Valuation allowance, end of the period	$ (73)	$ (92)	$ (73)	$ (92)

Servicing Assets - MSR Sensitiv

Servicing Assets - MSR Sensitivity Analysis (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
SBA Loan Servicing Rights
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	$ 3,644	$ 3,376
Weighted average life	3 years 2 months 12 days	3 years 6 months
Prepayment speed	16.47%	14.70%
Impact on fair value of a 10% adverse change in prepayment speed	$ (158)	$ (125)
Impact on fair value of a 20% adverse change in prepayment speed	$ (144)	$ (241)
Discount rate	13.05%	14.66%
Impact on fair value of a 10% adverse change in the discount rate	$ (81)	$ (74)
Impact on fair value of a 20% adverse change in the discount rate	(159)	(145)
Mortgage Servicing Rights
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of residential mortgage servicing rights	$ 10,939	$ 11,221
Weighted average life	40 months	28 months
Prepayment speed	8.04%	8.57%
Impact on fair value of a 10% adverse change in prepayment speed	$ (486)	$ (506)
Impact on fair value of a 20% adverse change in prepayment speed	$ (934)	$ (973)
Discount rate	9.50%	9.50%
Impact on fair value of a 10% adverse change in the discount rate	$ (560)	$ (415)
Impact on fair value of a 20% adverse change in the discount rate	$ (1,063)	$ (799)

Servicing Assets - SBA Loans (D

Servicing Assets - SBA Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period			$ 11,748
Balance at end of the period	$ 11,341		11,341
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	243,100		243,100		$ 225,800
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	3,259	$ 2,552	3,127	$ 2,404
Servicing rights capitalized	256	512	453	726
Amortization of servicing rights	(219)	(252)	(460)	(447)
Change in valuation allowance	19	143	195	272
Balance at end of the period	3,315	2,955	3,315	2,955
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	(92)	(235)	(268)	(364)
Impairment	0	0	0	0
Recovery	19	143	195	272
Valuation allowance, end of the period	$ (73)	$ (92)	$ (73)	$ (92)

Servicing Assets - SBA Sensitiv

Servicing Assets - SBA Sensitivity Analysis (Details) - SBA Loan Servicing Rights - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
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	$ 3,644	$ 3,376
Weighted average life	3 years 2 months 12 days	3 years 6 months
Prepayment speed	16.47%	14.70%
Impact on fair value of a 10% adverse change in prepayment speed	$ (158)	$ (125)
Impact on fair value of a 20% adverse change in prepayment speed	$ (144)	$ (241)
Discount rate	13.05%	14.66%
Impact on fair value of a 10% adverse change in the discount rate	$ (81)	$ (74)
Impact on fair value of a 20% adverse change in the discount rate	$ (159)	$ (145)

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	Jun. 30, 2024	Dec. 31, 2023
Assets
Fair value	$ 159,141	$ 146,019
Equity investments	2,088	2,121
U.S. asset backed securities
Assets
Fair value	19,765	16,824
U.S. government agency MBS
Assets
Fair value	21,902	22,634
U.S. government agency CMO
Assets
Fair value	26,587	19,573
State and municipal securities
Assets
Fair value	36,926	36,216
Non-U.S. government agency CMO
Assets
Fair value	15,257	13,155
Corporate bonds
Assets
Fair value	8,233	7,195
Recurring
Assets
Equity investments	2,088	2,121
Mortgage loans held for sale	54,278	24,816
Mortgage loans held for investment	12,900	13,726
Total	233,145	190,424
Liabilities
Total	3,719	3,613
Recurring | U.S. asset backed securities
Assets
Fair value	19,765	16,824
Recurring | U.S. government agency MBS
Assets
Fair value	21,902	22,634
Recurring | U.S. government agency CMO
Assets
Fair value	26,587	19,573
Recurring | State and municipal securities
Assets
Fair value	36,926	36,216
Recurring | U.S. Treasuries
Assets
Fair value	30,471	30,422
Recurring | Non-U.S. government agency CMO
Assets
Fair value	15,257	13,155
Recurring | Corporate bonds
Assets
Fair value	8,233	7,195
Recurring | Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	451	214
Liabilities
Derivative Liability	52	17
Recurring | Forward Commitments
Assets
Derivative assets, Fair value	16
Liabilities
Derivative Liability	14	41
Recurring | Customer Derivatives - Interest Rate Swaps
Assets
Derivative assets, Fair value	3,658	3,528
Liabilities
Derivative Liability	3,649	3,544
Recurring | Interest rate swaps
Assets
Derivative assets, Fair value	613
Recurring | Customer Derivatives - Risk Participation Agreements
Liabilities
Derivative Liability	4	11
Recurring | Level 1
Assets
Equity investments	0	0
Mortgage loans held for sale	0	0
Mortgage loans held for investment	0	0
Total	30,471	30,422
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	30,471	30,422
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 | Forward Commitments
Assets
Derivative assets, Fair value	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 | Interest rate swaps
Assets
Derivative assets, Fair value	0
Recurring | Level 1 | Customer Derivatives - Risk Participation Agreements
Liabilities
Derivative Liability	0	0
Recurring | Level 2
Assets
Equity investments	2,088	2,121
Mortgage loans held for sale	54,278	24,816
Mortgage loans held for investment	12,900	13,726
Total	202,223	159,788
Liabilities
Total	3,667	3,596
Recurring | Level 2 | U.S. asset backed securities
Assets
Fair value	19,765	16,824
Recurring | Level 2 | U.S. government agency MBS
Assets
Fair value	21,902	22,634
Recurring | Level 2 | U.S. government agency CMO
Assets
Fair value	26,587	19,573
Recurring | Level 2 | State and municipal securities
Assets
Fair value	36,926	36,216
Recurring | Level 2 | U.S. Treasuries
Assets
Fair value	0	0
Recurring | Level 2 | Non-U.S. government agency CMO
Assets
Fair value	15,257	13,155
Recurring | Level 2 | Corporate bonds
Assets
Fair value	8,233	7,195
Recurring | Level 2 | Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring | Level 2 | Forward Commitments
Assets
Derivative assets, Fair value	16
Liabilities
Derivative Liability	14	41
Recurring | Level 2 | Customer Derivatives - Interest Rate Swaps
Assets
Derivative assets, Fair value	3,658	3,528
Liabilities
Derivative Liability	3,649	3,544
Recurring | Level 2 | Interest rate swaps
Assets
Derivative assets, Fair value	613
Recurring | Level 2 | Customer Derivatives - Risk Participation Agreements
Liabilities
Derivative Liability	4	11
Recurring | Level 3
Assets
Equity investments	0	0
Mortgage loans held for sale	0	0
Mortgage loans held for investment	0	0
Total	451	214
Liabilities
Total	52	17
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	451	214
Liabilities
Derivative Liability	52	17
Recurring | Level 3 | Forward Commitments
Assets
Derivative assets, Fair value	0
Liabilities
Derivative Liability	0	0
Recurring | Level 3 | Customer Derivatives - Interest Rate Swaps
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring | Level 3 | Interest rate swaps
Assets
Derivative assets, Fair value	0
Recurring | Level 3 | Customer Derivatives - 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	Jun. 30, 2024	Dec. 31, 2023
Financial assets measured at fair value on a nonrecurring basis
Mortgage servicing rights	$ 8,026	$ 8,621
SBA loan servicing rights	3,315	3,127
Total	27,631	24,700
Commercial and industrial
Financial assets measured at fair value on a nonrecurring basis
Impaired loans	9,942	9,818
Small business loans
Financial assets measured at fair value on a nonrecurring basis
Impaired loans	$ 6,348	$ 3,134

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	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 16,290	$ 12,952
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)	0.33	0.33

Fair Value Measurements and D_6

Fair Value Measurements and Disclosures - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets:
Loans at fair value	$ 12,900	$ 13,726
Level 1 | Carrying amount
Financial assets:
Cash and cash equivalents	24,058	56,697
Level 1 | Fair value
Financial assets:
Cash and cash equivalents	24,058	56,697
Level 2 | Carrying amount
Financial assets:
Mortgage loans held for sale	54,278	24,816
Mortgage loans held for investment	12,900	13,726
Financial liabilities:
Deposits	1,915,436	1,823,462
Borrowings	187,260	174,896
Subordinated debentures	49,897	49,836
Level 2 | Fair value
Financial assets:
Mortgage loans held for sale	54,278	24,816
Mortgage loans held for investment	12,900	13,726
Financial liabilities:
Deposits	1,912,200	1,834,700
Borrowings	196,300	176,400
Subordinated debentures	48,732	50,223
Level 3 | Carrying amount
Financial assets:
Loans at fair value	1,975,635	1,882,080
Level 3 | Fair value
Financial assets:
Loans at fair value	$ 1,905,722	$ 1,832,558

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of the period	$ 288	$ 139	$ 214	$ 87
Increase in value	163	122	237	174
Balance at end of the period	$ 451	$ 261	$ 451	$ 261

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	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset	$ 451	$ 214
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 (as a percent)	0.01	0.01
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input (as a percent)	0.99	0.99
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input (as a percent)	0.8331	0.7948

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional Amounts and Fair Values of Derivative Financial Instruments (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) derivative_instrument	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Derivative Financial Instruments
Number of interest rate swaps entered into | derivative_instrument	3
Notional Amount		$ 277,091		$ 277,091		$ 226,652
Unrealized gains, net of tax recorded in total comprehensive income		133	$ 338	896	$ 338
Asset (Liability) Fair Value		1,019		1,019		(410)
Interest Rate Swap, One
Derivative Financial Instruments
Notional Amount	$ 25,000		$ 25,000		$ 25,000
Fixed interest rate (as a percent)	4.07%		4.07%		4.07%
Interest Rate Swap, Two
Derivative Financial Instruments
Notional Amount	$ 25,000		$ 25,000		$ 25,000
Fixed interest rate (as a percent)	4.027%		4.027%		4.027%
Interest Rate Swap, Three
Derivative Financial Instruments
Notional Amount	$ 25,000		$ 25,000		$ 25,000
Fixed interest rate (as a percent)	4.117%		4.117%		4.117%
Interest Rate Lock Commitments
Derivative Financial Instruments
Notional Amount		87,305		87,305		39,134
Asset (Liability) Fair Value		399		399		197
Interest Rate Lock Commitments | Other assets
Derivative Financial Instruments
Notional Amount		70,244		70,244		33,735
Asset (Liability) Fair Value		451		451		214
Interest Rate Lock Commitments | Other liabilities
Derivative Financial Instruments
Notional Amount		17,061		17,061		5,399
Asset (Liability) Fair Value		(52)		(52)		(17)
Forward Commitments
Derivative Financial Instruments
Notional Amount		8,500		8,500		4,250
Asset (Liability) Fair Value		2		2		(41)
Forward Commitments | Other assets
Derivative Financial Instruments
Notional Amount		3,750		3,750		0
Asset (Liability) Fair Value		16		16		0
Forward Commitments | Other liabilities
Derivative Financial Instruments
Notional Amount		4,750		4,750		4,250
Asset (Liability) Fair Value		(14)		(14)		(41)
Customer Derivatives - Interest Rate Swaps
Derivative Financial Instruments
Notional Amount		99,266		99,266		101,186
Asset (Liability) Fair Value		9		9		(17)
Customer Derivatives - Interest Rate Swaps | Other assets
Derivative Financial Instruments
Notional Amount		49,633		49,633		50,593
Asset (Liability) Fair Value		3,658		3,658		3,528
Customer Derivatives - Interest Rate Swaps | Other liabilities
Derivative Financial Instruments
Notional Amount		49,633		49,633		50,593
Asset (Liability) Fair Value		(3,649)		(3,649)		(3,544)
Customer Derivatives - Risk Participation Agreements
Derivative Financial Instruments
Notional Amount		7,020		7,020		7,082
Asset (Liability) Fair Value		(4)		(4)		(11)
Customer Derivatives - Risk Participation Agreements | Other assets
Derivative Financial Instruments
Notional Amount		0		0		0
Asset (Liability) Fair Value		0		0		0
Customer Derivatives - Risk Participation Agreements | Other liabilities
Derivative Financial Instruments
Notional Amount		7,020		7,020		7,082
Asset (Liability) Fair Value		(4)		(4)		(11)
Interest rate swaps
Derivative Financial Instruments
Notional Amount		75,000		75,000		75,000
Asset (Liability) Fair Value		613		613		(539)
Interest rate swaps | Other assets
Derivative Financial Instruments
Notional Amount		75,000		75,000		0
Asset (Liability) Fair Value		613		613		0
Interest rate swaps | Other liabilities
Derivative Financial Instruments
Notional Amount		0		0		75,000
Asset (Liability) Fair Value		$ 0		$ 0		$ (539)

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value Gains and Losses on Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	$ 379	$ 617	$ 1,430	$ 548
Realized losses on derivatives	63	1	82	1
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	195	146	202	109
Forward Commitments
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	2	13	43	13
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	5	14	26	(14)
Customer Derivatives - Risk Participation Agreements
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	1	9	7	5
Interest rate swaps
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	$ 176	$ 435	$ 1,152	$ 435

Segments (Details)

Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) office	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segments
Number of loan production offices | office			8
Net-interest Income:
Net interest income	$ 16,846	$ 17,098	$ 33,455	$ 34,775
Provision (recovery of provision) for credit losses	2,680	705	5,546	2,104
Net interest income after provision for credit losses	14,166	16,393	27,909	32,671
Non-interest Income
Mortgage banking income	5,420	5,050	9,054	8,322
Wealth management income	1,444	1,235	2,761	2,431
SBA loan income	785	1,767	1,771	2,480
Net change in fair values	150	(235)	48	(188)
Net loss on hedging activity	(63)	(1)	(82)	(1)
Other	1,508	1,308	3,676	2,718
Total non-interest income	9,244	9,124	17,228	15,762
Total non-interest expense	19,018	19,615	37,192	37,404
Income (loss) before income taxes	4,392	5,902	7,945	11,029
Total Assets	2,351,584	2,206,877	2,351,584	2,206,877	$ 2,246,193
Bank
Net-interest Income:
Net interest income	16,784	17,102	33,376	34,721
Provision (recovery of provision) for credit losses	2,680	705	5,546	2,104
Net interest income after provision for credit losses	14,104	16,397	27,830	32,617
Non-interest Income
Mortgage banking income	67	81	155	139
Wealth management income	0	0	1	0
SBA loan income	785	1,767	1,771	2,480
Net change in fair values	6	23	34	(8)
Net loss on hedging activity	0	0	0	0
Other	815	637	1,589	1,327
Total non-interest income	1,673	2,508	3,550	3,938
Total non-interest expense	12,606	12,325	24,669	23,024
Income (loss) before income taxes	3,171	6,580	6,711	13,531
Total Assets	2,248,950	2,143,278	2,248,950	2,143,278
Wealth
Net-interest Income:
Net interest income	36	(29)	30	3
Provision (recovery of provision) for credit losses	0	0	0	0
Net interest income after provision for credit losses	36	(29)	30	3
Non-interest Income
Mortgage banking income	0	0	0	0
Wealth management income	1,444	1,235	2,760	2,431
SBA loan income	0	0	0	0
Net change in fair values	0	0	0	0
Net loss on hedging activity	0	0	0	0
Other	0	0	0	0
Total non-interest income	1,444	1,235	2,760	2,431
Total non-interest expense	804	889	1,636	1,877
Income (loss) before income taxes	676	317	1,154	557
Total Assets	10,347	8,485	10,347	8,485
Mortgage
Net-interest Income:
Net interest income	26	25	49	51
Provision (recovery of provision) for credit losses	0	0	0	0
Net interest income after provision for credit losses	26	25	49	51
Non-interest Income
Mortgage banking income	5,353	4,969	8,899	8,183
Wealth management income	0	0	0	0
SBA loan income	0	0	0	0
Net change in fair values	144	(258)	14	(180)
Net loss on hedging activity	(63)	(1)	(82)	(1)
Other	693	671	2,087	1,391
Total non-interest income	6,127	5,381	10,918	9,393
Total non-interest expense	5,608	6,401	10,887	12,503
Income (loss) before income taxes	545	(995)	80	(3,059)
Total Assets	$ 92,287	$ 55,114	$ 92,287	$ 55,114

Uncategorized Items - mrbk-2024

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]