The Bank of Princeton (BPRN) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Aug. 08, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Registrant Name	PRINCETON BANCORP, INC.
Entity Central Index Key	0001913971
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	PA
Entity File Number	001-41589
Entity Tax Identification Number	88-4268702
Entity Address, Address Line One	183 Bayard Lane
Entity Address, City or Town	Princeton
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08540
City Area Code	609
Local Phone Number	921-1700
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock, no par value
Trading Symbol	BPRN
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		6,287,252

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 16,100	$ 12,161
Interest-earning bank balances	1,815	13,140
Federal funds sold	125,086	28,050
Total cash and cash equivalents	143,001	53,351
Securities available-for-sale, at fair value	87,172	83,402
Securities held-to-maturity (fair value $196 and $200, at June 30, 2023 and December 31, 2022, respectively)	197	201
Loans receivable, net of deferred costs	1,499,691	1,370,368
Less: allowance for credit lossess	(17,970)	(16,461)
Loan receivable, net	1,481,721	1,353,907
Bank-owned life insurance	53,202	52,617
Premises and equipment, net	14,616	11,722
Accrued interest receivable	5,575	4,756
Restricted investment in bank stock	1,385	1,742
Deferred taxes, net	12,672	7,599
Goodwill	8,853	8,853
Core deposit intangible	1,662	1,825
Mortgage servicing rights	1,623	0
Other real estate owned	33	0
Operating lease right-of-use asset	23,050	16,026
Other assets	8,264	5,778
TOTAL ASSETS	1,843,026	1,601,779
Deposits:
Non-interest-bearing	258,014	265,078
Interest-bearing	1,314,884	1,082,652
Total deposits	1,572,898	1,347,730
Borrowings	0	10,000
Accrued interest payable	6,174	1,027
Operating lease liability	23,805	16,772
Other liabilities	11,250	6,649
TOTAL LIABILITIES	1,614,127	1,382,178
STOCKHOLDERS' EQUITY
Common stock, no par value; 15,000,000 shares authorized, 6,279,479 shares issued and outstanding at June 30 2023; at December 31, 2022, par value $5.00 per share, 6,909,402 shares issued and 6,245,597 shares outstanding	0	34,547
Paid-in capital	97,103	81,291
Treasury stock, at cost 663,805 shares at December 31, 2022	0	(19,452)
Retained earnings	140,310	131,488
Accumulated other comprehensive loss	(8,514)	(8,273)
TOTAL STOCKHOLDER'S EQUITY	228,899	219,601
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,843,026	$ 1,601,779

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Held to maturity debt securities at fair value	$ 196	$ 200
Common stock par or stated value per share	$ 0	$ 5
Common Stock, Shares Authorized	15,000,000	15,000,000
Common stock shares issued	6,279,479	6,909,402
Common stock shares outstanding	6,279,479	6,245,597
Treasury share common stock		663,805

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
INTEREST AND DIVIDEND INCOME
Loans receivable, including fees	$ 21,517	$ 16,768	$ 41,411	$ 33,260
Securities available-for-sale:
Taxable	292	234	570	457
Tax-exempt	284	293	568	596
Securities held-to-maturity	2	3	5	6
Other interest and dividend income	919	158	1,072	215
TOTAL INTEREST AND DIVIDEND INCOME	23,014	17,456	43,626	34,534
INTEREST EXPENSE
Deposits	7,321	1,169	11,186	2,393
Borrowings	32	0	118	0
TOTAL INTEREST EXPENSE	7,353	1,169	11,304	2,393
NET INTEREST INCOME	15,661	16,287	32,322	32,141
Provision for credit losses	2,463	0	2,728	0
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	13,198	16,287	29,594	32,141
NON-INTEREST INCOME
Gain on call/sale of securities available-for-sale	0	2	0	2
Income from bank-owned life insurance	295	283	585	565
Fees and service charges	464	497	912	972
Loan fees, including preypayment penalties	1,030	303	1,381	398
Gain on bargain purchase	9,696	0	9,696	0
Other	80	27	365	221
TOTAL NON-INTEREST INCOME	11,565	1,112	12,939	2,158
NON-INTEREST EXPENSE
Salaries and employee benefits	5,776	4,908	11,175	9,809
Occupancy and equipment	1,705	1,429	3,046	2,907
Professional fees	556	582	1,021	1,143
Data processing and communications	1,318	1,056	2,618	2,091
Federal deposit insurance	253	275	443	539
Advertising and promotion	126	120	236	239
Office expense	178	62	275	116
Other real estate expenses	1	2	1	11
Loss on sale of other real estate owned	0	101	0	101
Core deposit intangible	127	145	262	299
Acquisition-related expenses	7,026	0	7,026	0
Other	748	748	1,483	1,441
TOTAL NON-INTEREST EXPENSE	17,814	9,428	27,586	18,696
INCOME BEFORE INCOME TAX EXPENSE	6,949	7,971	14,947	15,603
INCOME TAX EXPENSE	161	1,644	2,062	3,255
NET INCOME	$ 6,788	$ 6,327	$ 12,885	$ 12,348
Earnings per common share-basic	$ 1.08	$ 1	$ 2.06	$ 1.93
Earnings per common share-diluted	1.07	0.98	2.02	1.89
Dividends declared per common share	$ 0.3	$ 0.25	$ 0.6	$ 0.5

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
NET INCOME		$ 6,788	$ 6,327	$ 12,885	$ 12,348
Other comprehensive income (loss)
Unrealized losses arising during period on securities available-for-sale		(2,074)	(3,616)	(335)	(10,081)
Reclassification adjustment for gains realized in income	[1]	0	(2)	0	(2)
Net unrealized loss		(2,074)	(3,618)	(335)	(10,083)
Tax effect		592	774	94	2,717
Total other comprehensive income (loss)		(1,482)	(2,844)	(241)	(7,366)
COMPREHENSIVE INCOME		$ 5,306	$ 3,483	$ 12,644	$ 4,982
[1]Amounts are included in gain on call/sale of securities available-for-sale on the Consolidated Statements of Income as a separate element within total non-interest income. There was no income tax benefit for the three months and six months ended June 30, 2022.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Income tax expenses on available for sale securities reclassified from other comprehensive income into income statement	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]
Beginning balance at Dec. 31, 2021	$ 216,578	$ 34,100	$ 80,220	$ (10,032)	$ 111,451	$ 839
Net income	12,348				12,348
Other comprehensive loss	(7,366)					(7,366)
Stock options exercised	524	185	339
Dividends declared	(3,267)				(3,267)
Purchase of treasury stock	(7,800)			(7,800)
Dividend reinvestment plan		9	36		(45)
Stock-based compensation expense	123		123
Restricted stock	209	44	165
Ending balance at Jun. 30, 2022	211,349	34,338	80,883	(17,832)	120,487	(6,527)
Beginning balance at Mar. 31, 2022	213,240	34,181	80,576	(13,647)	115,813	(3,683)
Net income	6,327				6,327
Other comprehensive loss	(2,844)					(2,844)
Stock options exercised	419	153	266
Dividends declared	(1,599)				(1,599)
Purchase of treasury stock	(4,185)			(4,185)
Dividend reinvestment plan	24	4	26		(54)
Stock-based compensation expense	15		15
Ending balance at Jun. 30, 2022	211,349	34,338	80,883	(17,832)	120,487	(6,527)
Beginning balance at Dec. 31, 2022	219,601	34,547	81,291	(19,452)	131,488	(8,273)
Net income	12,885				12,885
Other comprehensive loss	(241)					(241)
Stock options exercised	272	0	272
Dividends declared	(3,719)				(3,719)
Dividend reinvestment plan		0	60		(60)
Stock-based compensation expense	385		385
Adoption of CECL	(284)				(284)
Formation of Princeton Bancorp, Inc.		(34,547)	15,095	19,452
Ending balance at Jun. 30, 2023	228,899	0	97,103	0	140,310	(8,514)
Beginning balance at Mar. 31, 2023	225,273	0	96,880	0	135,425	(7,032)
Net income	6,788				6,788
Other comprehensive loss	(1,482)					(1,482)
Dividends declared	(1,876)				(1,876)
Dividend reinvestment plan	0	0	27		(27)
Stock-based compensation expense	196		196
Ending balance at Jun. 30, 2023	$ 228,899	$ 0	$ 97,103	$ 0	$ 140,310	$ (8,514)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Stock issued during the period stock options exercised		29,951	16,307	36,401
Stock issued during period shares restricted stock award net of forfeitures				8,741
Common stock dividend declared per share paid	$ 0.3	$ 0.25	$ 0.6	$ 0.5
Treasury stock shares acquired		140,901		265,341
Stock issued during period shares dividend reinvestment plan	1,083	931	2,041	1,733

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$ 12,885	$ 12,348
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses		2,728	0
Depreciation and amortization		670	648
Stock-based compensation expense		385	123
Amortization of premiums and accretion of discount on securities		19	24
Accretion of net deferred loan fees and costs		(1,005)	(3,139)
Gain on call/sale of securities available-for-sale		0	(2)
Income earned from small business investment company ("SBIC") Investment		(191)	(87)
Increase in cash surrender value of bank-owned life insurance		(585)	(564)
Deferred income tax (benefit)		(752)	3
Amortization of core deposit intangible		262	300
Bargain purchase gain		(9,696)	0
Proceeds from other real estate owned		0	125
Write down on other real estate owned		0	101
Decrease in accrued interest receivable and other assets		10,501	1,002
Decrease in accrued interest payable and other liabilities		(2,416)	(2,220)
NET CASH PROVIDED BY OPERATING ACTIVITIES		12,805	8,662
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of available-for-sale securities		(345)	(4,306)
Principal repayments of securities available-for-sale		3,198	4,208
Maturities and calls of securities available-for-sale		830	3,002
Maturities, calls and principal repayments of securities held-to-maturity		4	4
Net decrease (increase) in loans		56,082	(57,649)
Cash paid for acquisition		(25,414)	0
Cash received from acquisition		23,181	0
Purchases of premises and equipment		(1,069)	(477)
Purchases of restricted bank stock		357	40
NET CASH PROVIDED BY (USED IN) INVESTMENT ACTIVITIES		56,824	(55,178)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits		33,468	(55,095)
Repayment of overnight borrowings		(10,000)	0
Cash dividends		(3,779)	(3,312)
Dividend reinvestment program		60	45
Purchase of treasury stock		0	(7,800)
Proceeds from exercise of stock options		272	524
Release of restricted stock units		0	209
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		20,021	(65,429)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		89,650	(111,945)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		53,351	158,716
CASH AND CASH EQUIVALENTS, END OF PERIOD		143,001	46,771
SUPPLEMENTARY CASH FLOWS INFORMATION:
Interest paid		6,157	2,868
Income taxes paid		3,455	1,245
Reclass of paid-in capital related to holding company formation		15,095	0
Reclass of treasury stock related to holding company formation		19,452	0
Reclass of common stock related to holding company formation		(34,547)	0
Net assets acquired from Noah Bank	[1]	239,451	0
Net liabilities assumed from Noah Bank	[1]	$ 204,341	$ 0
[1]For details of assets acquired and liabilities assumed - See Note 2.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 – Summary of Significant Accounting Policies Organization and Nature of Operations The Bank of Princeton (the “Bank”) was incorporated on March 5, 2007 under the laws of the State of New Jersey and is a New Jersey state-chartered banking institution. The Bank was granted its bank charter on April 17, 2007, commenced operations on April 23, 2007 and is a full-service bank providing personal and business lending and deposit services. As a state-chartered bank, the Bank is subject to regulation by the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation (“FDIC”). The area served by the Bank, through its 30 branches, is generally an area within an approximate 50-mile The Bank offers traditional retail banking services, one-to-four-family On January 10, 2023, Princeton Bancorp, Inc., a Pennsylvania corporation formed by the Bank (the “Company”), acquired all the outstanding stock of the Bank in a corporate reorganization. As a result, the Bank became the sole direct subsidiary of the Company, the Company became the holding company for the Bank and the stockholders of the Bank became stockholders of the Company. As of June 30, 2023, the Company had 212 total employees and 209 full-time equivalent employees. On May 19, 2023, the Company completed the acquisition of Noah Bank, a Pennsylvania chartered state bank headquartered in Elkins Park, Pennsylvania that primarily served the Philadelphia, North New Jersey and New York City markets. On that date the Company acquired 100% of the outstanding common stock, for cash, of Noah Bank and Noah Bank was merged with and into the Bank. Basis of Financial Statement Presentation The unaudited consolidated financial statements include the accounts of the Company, its wholly owned subsidiary, the Bank and its wholly owned subsidiaries: Bayard Lane, LLC, Bayard Properties, LLC, 112 Fifth Avenue, LLC, TBOP Delaware Investment Company and TBOP REIT, Inc. All significant inter-company accounts and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission and the FDIC. Accordingly, they do not include all the information and disclosures required by GAAP for annual financial statements. In management’s opinion, the unaudited consolidated financial statements contain all adjustments, which include normal and recurring adjustments necessary for a fair presentation of the financial position and results of operations for the interim periods presented. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These unaudited consolidated financial statements should be read in conjunction with the Company’s annual report on Form 10-K Estimates The preparation of consolidated financial statements in conformity with 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Because of uncertainties associated with estimating the amounts, timing and likelihood of possible outcomes, actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of acquired assets and liabilities, and evaluation of the potential impairment of goodwill. Management believes that the allowance for credit losses is adequate as of June 30, 2023 and December 31, 2022. While management uses current information to recognize losses on loans, future additions to the allowance for credit losses may be necessary based on changes in economic conditions in the market area or other factors. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for credit losses. Such agencies may require the Company to effect certain changes that result in additions to the allowance based on their judgments about information available to them at the time of their examinations. Reclassifications Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation. Recently issued accounting standards In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, re-measurements 2020-04 2020-04 2020-04 Recently adopted accounting standards Effective January 1, 2023 the Company adopted the FASB issued ASU 2016-13, Financial Instruments—Credit Losses, one-time

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Business Combinations	Note 2 – Business Combinations On May 19, 2023, the Company completed its acquisition of Noan Bank, a Pennsylvania chartered state bank headquartered in Elkins Park, Pennsylvania that primarily served the Philadelphia, North New Jersey and New York City markets. On that date the Company acquired 100% of the outstanding common stock of Noah Bank and Noah Bank was merged with and into the Bank. In accordance with the terms of the acquisition agreement, the Company paid $6.00 per share of Noah’s common stock outstanding on the closing date. The acquisition of Noah Bank was accounted for as a business combination using the acquisition method of accounting, and accordingly, the assets acquired, the liabilities assumed, and consideration transferred were recorded at their estimated fair value as of the acquisition. The $9.7 million below was recorded as a “Bargain Purchase” in non-interest The following table summarizes the purchase price calculation and bargain purchase gain resulting from acquisition: Fair Value Purchase Price Consideration in Cash for Noah Bank’s Outstanding Shares Noah Bank number of common shares outstanding 4,235,666 Purchase price per share assigned to cash consideration $ 6.00 Cash consideration $ 25,414 Assets Acquired: Cash and cash equivalents $ 23,181 Securities available-for-sale 6,454 Loans receivable, net of allowance 185,891 Core deposit intangible 99 Premises and equipment 2,495 Operating leases right-of-use 10,523 Deferred tax assets 4,308 Other assets 6,500 Fair value of assets acquired 239,451 Liabilities Assumed: Deposits 191,700 Operating lease liability 10,523 Other liabilities assumed 2,118 Fair value of liabilities assumed 204,341 Total identifiable net assets 35,110 Bargain purchase gain $ (9,696 ) The Company recorded merger-related expenses of $7.0 million, consisting of $3.7 million for termination of a branch lease, $1.7 million related to termination of data processing contract, $437 thousand for legal related expenses, $243 thousand for investment banker services, $184 thousand in severance payments, $115 thousand in professional services provided and $621 thousand in other miscellaneous related expenses. In addition, the Company recorded a $1.7 million provision for the non-purchase While the valuation of the acquired assets and liabilities is substantially complete, fair value estimates related to the assets and liabilities from Noah Bank are subject to adjustment for up to one year after the closing date of the acquisition as additional information becomes available. Valuations subject to adjustment include, but are not limited to, investments, loans and deposits as management continues to review the estimated fair value and evaluate the assumed tax position. When the valuation is final, any changes to the preliminary valuation could result in adjustments of bargain purchase recorded. The following is a description of the fair value methodologies used to estimate the fair values of major categories of assets acquired. Cash and due from banks: Investment securities: Loans: non-performing Allowance for credit losses Other assets right-of-use Time deposits: five

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 3 - Earnings Per Share Basic earnings per share (“EPS”) is calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated by dividing net income by the weighted average number of common shares outstanding for the period adjusted to include the effect of outstanding stock options, if dilutive, using the treasury stock method. Shares issued during any period are weighted for the portion of the period they were outstanding. The following schedule presents earnings per share data for the three-month periods ended June 30, 2023 and 2022 (in thousands, except per share data): Three months ended 2023 2022 Net income applicable to common stock $ 6,788 $ 6,327 Weighted average number of common shares outstanding 6,270 6,305 Basic earnings per share $ 1.08 $ 1.00 Net income applicable to common stock $ 6,788 $ 6,327 Weighted average number of common shares outstanding 6,270 6,305 Dilutive effect on common shares outstanding 95 132 Weighted average number of diluted common shares outstanding 6,365 6,437 Diluted earnings per share $ 1.07 $ 0.98 The following schedule presents earnings per share data for the six-month Six months ended 2023 2022 Net income applicable to common stock $ 12,885 $ 12,348 Weighted average number of common shares outstanding 6,263 6,385 Basic earnings per share $ 2.06 $ 1.93 Net income applicable to common stock $ 12,885 $ 12,348 Weighted average number of common shares outstanding 6,263 6,385 Dilutive effect on common shares outstanding 112 141 Weighted average number of diluted common shares outstanding 6,375 6,526 Diluted earnings per share $ 2.02 $ 1.89 The following schedule presents stock options granted but not exercised and the amount of share that were anti-dilutive because the weighted average exercise price equaled or exceeded the estimated fair value of our common stock for the three- and six-month Three months ended June 30, 2023 2022 Weighted Ave Weighted Ave Options Exercise Price Options Exercise Price Options to purchase 276,704 $ 19.56 328,021 $ 17.65 Anti-dilutive 95,750 $ 32.45 95,750 $ 32.45 Six months ended June 30, 2023 2022 Weighted Ave Weighted Ave Options Exercise Price Options Exercise Price Options to purchase 280,732 $ 19.49 333,753 $ 16.31 Anti-dilutive 95,750 $ 32.45 95,750 $ 32.45

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 4 – Investment Securities The following summarizes the amortized cost and fair value of securities available-for-sale June 30, 2023 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available -for-sale (In thousands) Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 42,035 $ 6 $ (6,502 ) $ 35,539 U.S. government agency securities 6,260 — (1,079 ) 5,181 Obligations of state and political subdivisions 44,311 6 (3,779 ) 40,538 Small Business Association (SBA) securities 3,362 1 — 3,363 Subordinated debentures 450 — — 450 Small business investment company securities 2,684 — (583 ) 2,101 Total $ 99,102 $ 13 $ (11,943 ) $ 87,172 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available -for-sale (In thousands) Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 41,515 $ 2 $ (6,602 ) $ 34,915 U.S. government agency securities 6,260 — (1,175 ) 5,085 Obligations of state and political subdivisions 45,161 8 (3,828 ) 41,341 Small business investment company securities 2,061 — — 2,061 Total $ 94,997 $ 10 $ (11,605 ) $ 83,402 The unrealized losses, categorized by the length of time of continuous loss position, and the fair value of related securities available-for-sale Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30, 2023 (In thousands) Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 1,713 $ (77 ) $ 31,480 $ (6,425 ) $ 33,193 $ (6,502 ) U.S. government agency securities — $ — 5,181 (1,079 ) 5,181 (1,079 ) Obligations of state and political subdivisions 12,409 (367 ) 23,814 (3,412 ) 36,223 (3,779 ) Small business investment company securities 2,101 (583 ) — — 2,101 (583 ) Total $ 16,223 $ (1,027 ) $ 60,475 $ (10,916 ) $ 76,698 $ (11,943 ) Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses December 31, 2022 (In thousands) Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 15,605 $ (1,778 ) $ 19,137 $ (4,824 ) $ 34,742 $ (6,602 ) U.S. government agency securities — — 5,085 (1,175 ) 5,085 (1,175 ) Obligations of state and political subdivisions 36,421 (3,457 ) 1,352 (371 ) 37,773 (3,828 ) $ 52,026 $ (5,235 ) $ 25,574 $ (6,370 ) $ 77,600 $ (11,605 ) The amortized cost and fair value of securities available-for-sale Amortized Cost Fair Value (In thousands) Due in one year or less $ 150 $ 150 Due after one year through five years 4,987 4,876 Due after five years through ten years 26,903 24,914 Due after ten years 18,531 15,779 Mortgage-backed securities (GSEs) 42,035 35,539 Small Business Association (SBA) securities 3,362 3,363 Subordinated debentures 450 450 SBIC securities 2,684 2,101 $ 99,102 $ 87,172 Proceeds from calls and maturities of available-for-sale available-for-sale six-month for available-for-sale six-month On January 1, 2023, the Company adopted ASU 2016-13 available-for-sale. The Company’s securities primarily consist of the following types of instruments; U.S. guaranteed mortgage-backed securities, U.S guaranteed agency bonds, state and political subdivision issued bonds, one small business investment company security guaranteed by the U.S. government and a subordinate debenture acquired from Noah Bank. We believe it is reasonable to expect that the securities with a credit guarantee of the U.S. government, will have a zero-credit zero-credit At June 30, 2023, the Company’s available-for-sale available-for-sale available-for-sale available-for-sale securities-GSE There are no securities pledged as of June 30, 2023 and December 31, 2022.

Loans Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Loans Receivable	Note 5 – Loans Receivable Loans receivable, net at June 30, 2022 and December 31, 2022 were comprised of the following: June 30, December 31, 2023 2022 (In thousands) Commercial real estate $ 1,022,954 $ 873,573 Commercial and industrial 46,022 28,859 Construction 383,615 417,538 Residential first-lien mortgage 40,244 43,125 Home equity/consumer 8,029 9,729 Total loans 1,500,864 1,372,824 Deferred fees and costs (1,173 ) (2,456 ) Loans, net $ 1,499,691 $ 1,370,368 Except as discussed in Note 2 regarding the Noah Bank acquisition, the Company did not purchase any loans during the three and six months ended June 30, 2023 and 2022, respectively. Upon adoption of CECL the Company has elected to use the discounted cash flow methodology in determining the appropriate quantitative adjustments, which projects future losses, based on historical loss data, as part of the allowance for credit losses (“ACL”) reserve. Qualitative adjustments include and consider changes in national, regional and local economic and business conditions, an assessment of the lending environment, including underwriting standards and other factors affecting credit quality. The following table presents the components of the allowance for credit losses: June 30, December 31, 2023 2022 (In thousands) Allowance for credit losses - loans $ (17,970 ) $ (16,461 ) Allowance for credit losses - off balance sheet (699 ) (332 ) $ (18,669 ) $ (16,793 ) The following table presents nonaccrual loans by segment of the loan portfolio as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 With a Without a With a Without a Related Related Related Related Allowance Allowance Allowance Allowance (In thousands) Commercial real estate $ — $ 4,485 $ — $ — Commercial and industrial — 2,232 — — Construction — 2,925 148 — Residential first-lien mortgage — 111 — 118 Total nonaccrual loans $ — $ 9,753 $ 148 $ 118 The calculation of the allowance for credit losses does not include any accrued interest receivable. The Company’s policy is to write off any interest not collected after 90 days. During the six-month thousand in accrued interest receivable for loans. The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loan receivables by the length of time a recorded payment is past due. The following table presents the segments of the loan portfolio, summarized by the past due status as of June 30, 2023: Loans 30-59 60-89 >90 Receivable Days Days Days Total Total >90 Days Past Past Past Past Loans and Due Due Due Due Current Receivable Accruing (In thousands) Commercial real estate $ 539 $ — $ 4,485 $ 5,024 $ 1,017,930 $ 1,022,954 $ — Commercial and industrial 45 — 2,232 2,277 43,745 46,022 — Construction — — 2,925 2,925 380,690 383,615 — Residential first-lien mortgage 495 — 111 606 39,638 40,244 — Home equity/consumer — — — — 8,029 8,029 — Total $ 1,079 $ — $ 9,753 $ 10,832 $ 1,490,032 $ 1,500,864 $ — The following table presents the segments of the loan portfolio summarized by the past due status as of December 31, 2022: Loans 30-59 60-89 Receivable Days Days Greater Total Total >90 Days Past Past than Past Loans and Due Due 90 days Due Current Receivable Accruing (In thousands) Commercial real estate $ — $ 6,193 $ — $ 6,193 $ 867,380 $ 873,573 $ — Commercial and industrial — — — — 28,859 28,859 — Construction — — 148 148 417,390 417,538 — Residential first-lien mortgage 1,292 — 118 1,410 41,715 43,125 — Home equity/Consumer 255 — 184 439 9,290 9,729 184 Total $ 1,547 $ 6,193 $ 450 $ 8,190 $ 1,364,634 $ 1,372,824 $ 184 The Company categorizes all loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation and current economic trends, among other factors. The Company evaluates risk ratings on an ongoing basis and assigns one of the following ratings: pass, special mention, substandard and doubtful. The Company engages a third party to review its assessment on a semiannual basis. The Company classifies residential and consumer loans as either performing or nonperforming based on payment . The following table summarizes total loans by year of origination, internally assigned credit grades and risk characteristics as of June 30, 2023. 2023 2022 2021 2020 2019 Prior Revolving Total (Dollars in thousands) Commercial real estate Pass $ 6,260 $ 235,799 $ 88,066 $ 54,349 $ 174,659 $ 450,916 $ 5,608 $ 1,015,657 Special mention — — — — — 2,812 — 2,812 Substandard — — — — — 4,485 — 4,485 Total commercial real estate 6,260 235,799 88,066 54,349 174,659 458,213 5,608 1,022,954 Commercial and industrial Pass 1,771 4,054 2,466 2,298 16,367 2,674 13,139 42,769 Special mention — — — — — 697 — 697 Substandard — — — — — 2,556 — 2,556 Total commercial and industrial 1,771 4,054 2,466 2,298 16,367 5,927 13,139 46,022 Construction Pass — 6,904 141,342 38,117 48 10,837 183,442 380,690 Special mention — — — — — — — — Substandard — — — 2,925 — — — 2,925 Total construction — 6,904 141,342 41,042 48 10,837 183,442 383,615 Residential first-lien mortgage Performing — 1,006 5,707 2,886 1,578 28,956 — 40,133 Nonperforming — — — — — 111 — 111 Total residential first-lien mortgage — 1,006 5,707 2,886 1,578 29,067 — 40,244 Home equity/consumer Performing — 948 415 67 — 2,980 3,619 8,029 Nonperforming — — — — — — — — Total home equity/consumer — 948 415 67 — 2,980 3,619 8,029 Current period gross charge-offs — — — — — (1,868 ) — (1,868 ) Current period recoveries — — — — — 30 — 30 Total net-charge-off — — — — — (1,838 ) — (1,838 ) Total Pass 8,031 248,711 237,996 97,717 192,652 496,363 205,808 1,487,278 Special mention — — — — — 3,509 — 3,509 Substandard — — — 2,925 — 7,152 — 10,077 Total loans $ 8,031 $ 248,711 $ 237,996 $ 100,642 $ 192,652 $ 507,024 $ 205,808 $ 1,500,864 The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31, 2022: Special Pass Mention Substandard Doubtful Total (In thousands) Commercial real estate $ 864,497 $ 2,883 $ 6,193 $ — $ 873,573 Commercial and industrial 28,350 509 — — 28,859 Construction 417,390 — 148 — 417,538 Residential first-lien mortgage 43,007 — 118 — 43,125 Home equity/consumer 9,729 — — — 9,729 Total with no related allowance $ 1,362,973 $ 3,392 $ 6,459 $ — $ 1,372,824 The following table presents the allowance for credit losses on loans receivable at and for the three months ended June 30, 2023: Commercial Commercial Residential Home equity/ real estate industrial Construction mortgage consumer Unallocated Total (In thousands) Allowance for credit losses: Beginning balance $ 10,037 $ 214 $ 5,349 $ 654 $ 253 $ — $ 16,507 Non-purchased 1,586 105 — 16 — — 1,707 Purchased credit deteriorated loans 498 103 — — — — 601 Provision 1 1,697 (19 ) (672 ) (7 ) (3 ) — 996 Charge-offs (1,718 ) — (148 ) (2 ) — — (1,868 ) Recoveries 23 4 — — — — 27 Total $ 12,123 $ 407 $ 4,529 $ 661 $ 250 $ — $ 17,970 Ending Balance: Individually evaluated $ — $ — $ — $ — $ — $ — $ — Collectively evaluated 12,123 407 4,529 661 250 — 17,970 $ 12,123 $ 407 $ 4,529 $ 661 $ 250 $ — $ 17,970 1 non-PCD The Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Unallocated Total (In thousands) Loans: Ending balance: Individually evaluated $ 4,485 $ 2,232 $ 2,925 $ 111 $ — $ — $ 9,753 Collectively evaluated 1,018,469 43,790 380,690 40,133 8,029 — 1,491,111 Ending balance $ 1,022,954 $ 46,022 $ 383,615 $ 40,244 $ 8,029 $ — $ 1,500,864 The following table presents the allowance for loan losses on loans receivables at and for the three months ended June 30, 2022: Commercial Commercial Construction Residential Home equity/ Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 7,088 $ 266 $ 8,034 $ 262 $ 46 $ 958 $ 16,654 Provision 1,583 13 (1,604 ) (3 ) 4 7 — Charge-offs (200 ) — — — — — (200 ) Recoveries 212 — — — — — 212 Total $ 8,683 $ 279 $ 6,430 $ 259 $ 50 $ 965 $ 16,666 The following table presents the allowance for credit losses on loans receivable at and for the six months ended June 30, 2023: Commercial Commercial Construction Residential first-lien Home equity/ Unallocated Total (In thousands) Allowance for credit losses: Beginning balance $ 8,654 $ 271 $ 6,289 $ 236 $ 45 $ 966 $ 16,461 CECL adoption 1,384 (73 ) (1,269 ) 428 195 (966 ) (301 ) CECL day 1 provision 1,586 105 — 16 — — 1,707 Purchased credit deteriorated loans 498 103 — — — — 601 Provision 1 1,693 (3 ) (343 ) (17 ) 10 — 1,340 Charge-offs (1,718 ) — (148 ) (2 ) — — (1,868 ) Recoveries 26 4 — — — — 30 Total $ 12,123 $ 407 $ 4,529 $ 661 $ 250 $ — $ 17,970 1 non-PCD The following table presents the allowance for credit losses on loans receivable at and for the six months ended June 30, 2022: Commercial real estate Commercial and industrial Construction Residential first-lien mortgage Home equity/ consumer PPP Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 7,458 $ 713 $ 7,228 $ 267 $ 48 $ — $ 906 $ 16,620 Provision 1,179 (434 ) (798 ) (8 ) 2 — 59 — Charge-offs (200 ) — — — — — — (200 ) Recoveries 246 — — — — — — 246 Total $ 8,683 $ 279 $ 6,430 $ 259 $ 50 $ — $ 965 $ 16,666 The following table presents the recorded investment of loans receivables and allowance for loan losses at December 31, 2022: Commercial real estate Commercial and industrial Construction Residential first-lien mortgage Home equity/ consumer Unallocated Total (In thousands) Loans: Ending Balance: Individually evaluated for impairment $ 12,030 $ 10 $ 148 $ 118 $ 71 $ — $ 12,377 Collectively evaluated for impairment 861,543 28,849 417,390 43,007 9,658 — 1,360,447 Ending balance $ 873,573 $ 28,859 $ 417,538 $ 43,125 $ 9,729 $ — $ 1,372,824 Allowance for loan losses: Ending Balance: Individually evaluated for impairment $ — $ — $ 118 $ — $ — $ — $ 118 Collectively evaluated for impairment 8,654 271 6,171 236 45 966 16,343 $ 8,654 $ 271 $ 6,289 $ 236 $ 45 $ 966 $ 16,461 At June 30, 2023, non-performing charge-off, non-performing charge-off Management took a conservative approach and reduced the loan balance although no formal commitment had been executed as of this date. With the adoption of CECL, performing troubled debt restructurings (“TDRs”) are no longer reported for the current period. At December 31, 2022 there were three loans classified as TDR loans totaling $5.9 million and each of these loans was performing in accordance with the agreed-upon terms.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2023
Deposits [Abstract]
Deposits	Note 6 – Deposits The components of deposits were as follows: June 30, December 31, 2023 2022 (Dollars in thousands) Demand, non-interest-bearing $ 258,014 16.40 % $ 265,078 19.67 % Demand, interest-bearing checking 224,328 14.26 % 269,737 20.01 % Savings 152,695 9.71 % 190,686 14.15 % Money market 321,840 20.46 % 283,652 21.05 % Time deposits, $250,000 and over 142,674 9.07 % 83,410 6.19 % Time deposits, other 473,347 30.10 % 255,167 18.93 % $ 1,572,898 100.00 % $ 1,347,730 100.00 %

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Borrowings	Note 7 – Borrowings At June 30, 2023, the Company had no overnight borrowings outstanding. At December 31, 2022, the Company had $10.0 million of overnight borrowings outstanding at a rate of 4.61%.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosure	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosure	Note 8 – Fair Value Measurements and Disclosures The Company follows the guidance on fair value measurements now codified as FASB ASC Topic 820, Fair Value Measurement . Management uses its best judgment in estimating the fair value of the Company’s financial instruments, however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in sales transactions on the dates indicated. The estimated fair value amounts have been measured as of their respective period-end period-end. The fair value measurement hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 Level 2 Level 3 An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2023 were as follows: (Level 1) (Level 2) (Level 3) Unobservable Total Fair Description (In thousands) Mortgage-backed securities -U.S. $ — $ 35,539 $ — $ 35,539 U.S. government agency securities — 5,181 — 5,181 Obligations of state and political subdivisions — 40,538 — 40,538 Small Business Association (SBA) securities — 3,363 — 3,363 Subordinated debentures — 450 — 450 SBIC securities — — 2,101 2,101 Securities available-for-sale $ — $ 85,071 $ 2,101 $ 87,172 For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy, used at December 31, 2022 were as follows: (Level 1) (Level 2) (Level 3) Total Fair December 31, Description (In thousands) Mortgage-backed securities -U.S. $ — $ 34,915 $ — $ 34,915 U.S. government agency securities 5,085 — 5,085 Obligations of state and political subdivisions — 41,341 — 41,341 SBIC securities — — 2,061 2,061 Securities available-for-sale $ — $ 81,341 $ 2,061 $ 83,402 For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2023, were as follows. Description (Level 1) (Level 2) (Level 3) Total Fair (In thousands) Other real estate owned $ — $ — $ 33 $ 33 Collateral dependent loan — — 4,485 4,485 $ — $ — $ 4,518 $ 4,518 The following table presents quantitative information using Level 3 fair value measurements at June 30, 2023. Description June 30, Valuation Unobservable Range (Dollars in thousands) Discount 0.0 % Other real estate owned 1 $ 33 Collateral 2 adjustment (0.0 %) Discount 0.0 % Collateral dependent loan $ 4,485 Collateral 3 adjustment (0.0 %) 1 2 3 For Description (Level 1) Quoted Price in Active (Level 2) (Level 3) Total Fair (In thousands) Impaired loans $ — $ — $ 30 $ 30 $ — $ — $ 30 $ 30 The following table presents quantitative information using Level 3 fair value measurements at December 31, 2022. Fair Value Range December 31, Valuation Unobservable (Weighted Description 2022 Technique Input Average) (Dollars in thousands) Discount 6.0 % Impaired loans $ 30 Collateral 1 adjustment (6.0 %) 1 There The following methods and assumptions were used by the Company in estimating fair value disclosures: Investment Securities The fair value of securities available-for-sale held-to-maturity Level 2 debt securities are valued by a third-party pricing service commonly used in the banking industry and not adjusted by management. Level 2 fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, live trading levels, trade execution date, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. Level 3 securities are securities with no observable market prices. The SBIC fund’s underlying collateral is valued using prices obtained from pricing vendors or brokers, typically using at least two pricing vendors for the subject or similar securities. When vendor pricing is not available, a fair value is composed of quotes for the subject or quotes for similar securities from broker dealers. Impaired loans (generally carried at fair value) Impaired loans carried at fair value are those impaired loans in which the Company has measured impairment generally based on the fair value of the related 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, discounted for estimated selling costs or other factors the Company determines will impact collection of proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The carrying amounts and estimated fair value of financial instruments at June 30, 2023 are as follows. June 30, 2023 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and cash equivalents $ 143,001 $ 143,001 $ 143,001 $ — $ — Securities available-for-sale 87,172 87,172 — 85,071 2,101 Securities held-to-maturity 197 196 — 196 — Loans receivable, net 1,481,721 1,483,203 — — 1,483,203 Restricted investments in bank stock 1,385 1,385 — 1,385 — Accrued interest receivable 5,575 5,575 — 5,575 — Financial Liabilities: Deposits $ 1,572,898 $ 1,469,087 $ — $ 1,469,087 $ — Accrued interest payable 6,174 6,174 — 6,174 — The carrying amounts and estimated fair value of financial instruments at December 31, 2022 are as follows: December 31, 2022 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 53,351 $ 53,351 $ 53,351 $ — $ — Securities AFS 83,402 83,402 — 81,341 2,061 Securities HTM 201 200 — 200 — Loans receivable, net 1,353,907 1,347,137 — — 1,347,137 Restricted bank stock 1,742 1,742 — 1,742 — Accrued interest receivable 4,756 4,756 — 4,756 — Financial Liabilities Deposits 1,347,730 1,225,087 1,225,087 — Borrowings 10,000 10,000 10,000 Accrued interest payable 1,027 1,027 — 1,027 — The fair value of cash and cash equivalents, restricted bank stock, accrued interest receivable, and accrued interest payable are measured at the Company’s carrying amount. The fair value of loans and deposits are measured on a discounted basis using similar rates and terms. Certain assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Limitations The fair value estimates are made at a discrete point in time based on relevant market information and information about the financial instruments. Fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Further, the foregoing estimates may not reflect the actual amount that could be realized if all or substantially all the financial instruments were offered for sale. This is due to the fact that no market exists for a sizable portion of the loan, deposit and off-balance In addition, the fair value estimates are based on existing on and off-balance Finally, reasonable comparability between financial institutions may not be practical due to the wide range of permitted valuation techniques and numerous estimates which must be made given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies introduces a greater degree of subjectivity to these estimated fair values.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Note 9 – Leases Leases (Topic 842) establishes a right of use model that requires a lessee to record a right of use asset (“ROU”) and a lease liability for all leases with terms longer than 12 months. The Company is obligated under 26 operating lease agreements for 25 branches and its corporate offices with terms extending through 2039. The Company’s lease agreements include options to renew at the Company’s discretion. The extensions are reasonably certain to be exercised, therefore they were considered in the calculations of the ROU asset and lease liability. The following table represents the classification of the Company’s right of use and lease liability. Statement of Financial Condition Location June 30, 2023 December 31, 2022 (In thousands) Operating Lease Right of Use Asset: Gross carrying amount $ 16,026 $ 17,919 Increased asset from new leases 8,067 — Accumulated amortization (1,043 ) (1,893 ) Net book value Operating lease right-of-use asset $ 23,050 $ 16,026 Operating Lease Liability: Lease liability Operating lease liability $ 23,805 $ 16,772 As of June 30, 2023, the weighted-average remaining lease terms Future minimum payments under operating leases with terms longer than 12 months are as follows at June 30, 2023 (in thousands): Twelve months ended June 30, 2024 $ 3,401 2025 3,115 2026 3,009 2027 2,794 2028 2,531 Thereafter 17,546 Total future operating lease payment 32,396 Amounts representing interest (8,591 ) Present value of net future lease payments $ 23,805 Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 (In thousands) (In thousands) Lease cost: Operating lease $ 930 $ 705 $ 1,595 $ 1,405 Short-term lease cost 63 10 65 34 Total lease cost $ 993 $ 715 $ 1,660 $ 1,439 Other information: Cash paid for amounts included in the measurement of lease liabilities $ 696 $ 577 $ 1,281 $ 1,244

Goodwill and Core Deposit Intan

Goodwill and Core Deposit Intangible	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Core Deposit Intangible	Note 10 – Goodwill and Core Deposit Intangible On May 17, 2019, the Bank acquired five branches which were accounted for under FASB ASC 805, Business Combinations In accordance with ASC 805, the Bank recorded $8.9 million of goodwill along with $4.2 million of core deposit intangible assets. The intangible assets are related to core deposits and are being amortized over 10 years, using the sum of the year’s digits. For tax purposes, goodwill totaling $8.9 million is tax deductible and will be amortized over 15 years straight line. Except as set forth below, GAAP requires that goodwill be tested for impairment annually (with the annual evaluation occurring on May 31 of each year) or more frequently if impairment indicators arise. The reporting unit was determined to be our community banking operations, which is our only operating segment. ASC Topic 350-20 The changes in the carrying amount of goodwill and core deposit intangible assets are summarized as follows: Core Deposit Goodwill Intangible (In thousands) Balance at December 31, 2022 $ 8,853 $ 1,825 Acquisition of Noah Bank — 99 Amortization expense — (262 ) Balance at March 31, 2023 $ 8,853 $ 1,662 As of June 30, 2023, the remaining current fiscal year and future fiscal periods amortization for the core deposit intangible is (in thousands): 2023 $ 243 2024 432 2025 353 2026 274 2027 195 Thereafter 165 Total $ 1,662

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Event	Note 11 – Subsequent Event On July 20, 2023, the Board of Directors declared a cash dividend of $0.30 per share of common stock to shareholders of record on August 9, 2023, payable on August 31, 2023.

Risk and Uncertainties

Risk and Uncertainties	6 Months Ended
	Jun. 30, 2023
Risks and Uncertainties [Abstract]
Risk and Uncertainties	Note 12 – Risk and Uncertainties The occurrence of events which adversely affect the global, national and regional economies may have a negative impact on our business. Like other financial institutions, our business relies upon the ability and willingness of our customers to transact business with us, including banking, borrowing and other financial transactions. A strong and stable economy at each of the local, federal and global levels is often a critical component of consumer confidence and typically correlates positively with our customers’ ability and willingness to transact certain types of business with us. Local and global events outside of our control which disrupt the New Jersey, Pennsylvania, New York, United States and/or global economy may therefore negatively impact our business and financial condition. Government economic programs intended to backstop and bolster the economy through the pandemic, such as the PPP have ended, and the nation’s economy has entered an inflationary phase. The Consumer Price Index has risen at levels not experienced since the 1980s while the labor market remains very tight, contributing additional inflationary pressure. To address the inflation problem, the Federal Reserve has reversed course on its previously accommodative monetary policies and aggressively increased short-term interest rates. These actions are intended to slow overall economic activity and risk entering the economy into a recession. The conflict between Russia and Ukraine has exacerbated pandemic-related supply chain issues, upset numerous global markets including energy and certain raw materials, and generally added to economic uncertainty and geopolitical instability. Any or all could have negative downstream effects on the Company’s operating results, the extent of which is indeterminable at this time.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation The unaudited consolidated financial statements include the accounts of the Company, its wholly owned subsidiary, the Bank and its wholly owned subsidiaries: Bayard Lane, LLC, Bayard Properties, LLC, 112 Fifth Avenue, LLC, TBOP Delaware Investment Company and TBOP REIT, Inc. All significant inter-company accounts and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission and the FDIC. Accordingly, they do not include all the information and disclosures required by GAAP for annual financial statements. In management’s opinion, the unaudited consolidated financial statements contain all adjustments, which include normal and recurring adjustments necessary for a fair presentation of the financial position and results of operations for the interim periods presented. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These unaudited consolidated financial statements should be read in conjunction with the Company’s annual report on Form 10-K
Estimates	Estimates The preparation of consolidated financial statements in conformity with 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Because of uncertainties associated with estimating the amounts, timing and likelihood of possible outcomes, actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of acquired assets and liabilities, and evaluation of the potential impairment of goodwill. Management believes that the allowance for credit losses is adequate as of June 30, 2023 and December 31, 2022. While management uses current information to recognize losses on loans, future additions to the allowance for credit losses may be necessary based on changes in economic conditions in the market area or other factors. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for credit losses. Such agencies may require the Company to effect certain changes that result in additions to the allowance based on their judgments about information available to them at the time of their examinations.
Reclassifications	Reclassifications Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation.
Recently Issued Accounting Standards	Recently issued accounting standards In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, re-measurements 2020-04 2020-04 2020-04
Recently adopted accounting standards	Recently adopted accounting standards Effective January 1, 2023 the Company adopted the FASB issued ASU 2016-13, Financial Instruments—Credit Losses, one-time

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Summary of purchase price calculation and bargain purchase gain	The following table summarizes the purchase price calculation and bargain purchase gain resulting from acquisition: Fair Value Purchase Price Consideration in Cash for Noah Bank’s Outstanding Shares Noah Bank number of common shares outstanding 4,235,666 Purchase price per share assigned to cash consideration $ 6.00 Cash consideration $ 25,414 Assets Acquired: Cash and cash equivalents $ 23,181 Securities available-for-sale 6,454 Loans receivable, net of allowance 185,891 Core deposit intangible 99 Premises and equipment 2,495 Operating leases right-of-use 10,523 Deferred tax assets 4,308 Other assets 6,500 Fair value of assets acquired 239,451 Liabilities Assumed: Deposits 191,700 Operating lease liability 10,523 Other liabilities assumed 2,118 Fair value of liabilities assumed 204,341 Total identifiable net assets 35,110 Bargain purchase gain $ (9,696 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Summary of earnings per share	The following schedule presents earnings per share data for the three-month periods ended June 30, 2023 and 2022 (in thousands, except per share data): Three months ended 2023 2022 Net income applicable to common stock $ 6,788 $ 6,327 Weighted average number of common shares outstanding 6,270 6,305 Basic earnings per share $ 1.08 $ 1.00 Net income applicable to common stock $ 6,788 $ 6,327 Weighted average number of common shares outstanding 6,270 6,305 Dilutive effect on common shares outstanding 95 132 Weighted average number of diluted common shares outstanding 6,365 6,437 Diluted earnings per share $ 1.07 $ 0.98 The following schedule presents earnings per share data for the six-month Six months ended 2023 2022 Net income applicable to common stock $ 12,885 $ 12,348 Weighted average number of common shares outstanding 6,263 6,385 Basic earnings per share $ 2.06 $ 1.93 Net income applicable to common stock $ 12,885 $ 12,348 Weighted average number of common shares outstanding 6,263 6,385 Dilutive effect on common shares outstanding 112 141 Weighted average number of diluted common shares outstanding 6,375 6,526 Diluted earnings per share $ 2.02 $ 1.89
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following schedule presents stock options granted but not exercised and the amount of share that were anti-dilutive because the weighted average exercise price equaled or exceeded the estimated fair value of our common stock for the three- and six-month Three months ended June 30, 2023 2022 Weighted Ave Weighted Ave Options Exercise Price Options Exercise Price Options to purchase 276,704 $ 19.56 328,021 $ 17.65 Anti-dilutive 95,750 $ 32.45 95,750 $ 32.45 Six months ended June 30, 2023 2022 Weighted Ave Weighted Ave Options Exercise Price Options Exercise Price Options to purchase 280,732 $ 19.49 333,753 $ 16.31 Anti-dilutive 95,750 $ 32.45 95,750 $ 32.45

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of amortized cost and estimated fair value	The following summarizes the amortized cost and fair value of securities available-for-sale June 30, 2023 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available -for-sale (In thousands) Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 42,035 $ 6 $ (6,502 ) $ 35,539 U.S. government agency securities 6,260 — (1,079 ) 5,181 Obligations of state and political subdivisions 44,311 6 (3,779 ) 40,538 Small Business Association (SBA) securities 3,362 1 — 3,363 Subordinated debentures 450 — — 450 Small business investment company securities 2,684 — (583 ) 2,101 Total $ 99,102 $ 13 $ (11,943 ) $ 87,172 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available -for-sale (In thousands) Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 41,515 $ 2 $ (6,602 ) $ 34,915 U.S. government agency securities 6,260 — (1,175 ) 5,085 Obligations of state and political subdivisions 45,161 8 (3,828 ) 41,341 Small business investment company securities 2,061 — — 2,061 Total $ 94,997 $ 10 $ (11,605 ) $ 83,402
Summary of fair value of related securities available-for-sale	The unrealized losses, categorized by the length of time of continuous loss position, and the fair value of related securities available-for-sale Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30, 2023 (In thousands) Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 1,713 $ (77 ) $ 31,480 $ (6,425 ) $ 33,193 $ (6,502 ) U.S. government agency securities — $ — 5,181 (1,079 ) 5,181 (1,079 ) Obligations of state and political subdivisions 12,409 (367 ) 23,814 (3,412 ) 36,223 (3,779 ) Small business investment company securities 2,101 (583 ) — — 2,101 (583 ) Total $ 16,223 $ (1,027 ) $ 60,475 $ (10,916 ) $ 76,698 $ (11,943 ) Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses December 31, 2022 (In thousands) Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 15,605 $ (1,778 ) $ 19,137 $ (4,824 ) $ 34,742 $ (6,602 ) U.S. government agency securities — — 5,085 (1,175 ) 5,085 (1,175 ) Obligations of state and political subdivisions 36,421 (3,457 ) 1,352 (371 ) 37,773 (3,828 ) $ 52,026 $ (5,235 ) $ 25,574 $ (6,370 ) $ 77,600 $ (11,605 )
Summary of securities available-for-sale by contractual maturity	The amortized cost and fair value of securities available-for-sale Amortized Cost Fair Value (In thousands) Due in one year or less $ 150 $ 150 Due after one year through five years 4,987 4,876 Due after five years through ten years 26,903 24,914 Due after ten years 18,531 15,779 Mortgage-backed securities (GSEs) 42,035 35,539 Small Business Association (SBA) securities 3,362 3,363 Subordinated debentures 450 450 SBIC securities 2,684 2,101 $ 99,102 $ 87,172

Loans Receivable (Tables)

Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Summary of loans receivable net	Loans receivable, net at June 30, 2022 and December 31, 2022 were comprised of the following: June 30, December 31, 2023 2022 (In thousands) Commercial real estate $ 1,022,954 $ 873,573 Commercial and industrial 46,022 28,859 Construction 383,615 417,538 Residential first-lien mortgage 40,244 43,125 Home equity/consumer 8,029 9,729 Total loans 1,500,864 1,372,824 Deferred fees and costs (1,173 ) (2,456 ) Loans, net $ 1,499,691 $ 1,370,368
Summary of components of allowance for credit losses	The following table presents the components of the allowance for credit losses: June 30, December 31, 2023 2022 (In thousands) Allowance for credit losses - loans $ (17,970 ) $ (16,461 ) Allowance for credit losses - off balance sheet (699 ) (332 ) $ (18,669 ) $ (16,793 )
Summary of nonaccrual loans by segment of loan portfolio	The following table presents nonaccrual loans by segment of the loan portfolio as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 With a Without a With a Without a Related Related Related Related Allowance Allowance Allowance Allowance (In thousands) Commercial real estate $ — $ 4,485 $ — $ — Commercial and industrial — 2,232 — — Construction — 2,925 148 — Residential first-lien mortgage — 111 — 118 Total nonaccrual loans $ — $ 9,753 $ 148 $ 118
Summary of performance and credit quality of loan portfolio	The following table presents the segments of the loan portfolio, summarized by the past due status as of June 30, 2023: Loans 30-59 60-89 >90 Receivable Days Days Days Total Total >90 Days Past Past Past Past Loans and Due Due Due Due Current Receivable Accruing (In thousands) Commercial real estate $ 539 $ — $ 4,485 $ 5,024 $ 1,017,930 $ 1,022,954 $ — Commercial and industrial 45 — 2,232 2,277 43,745 46,022 — Construction — — 2,925 2,925 380,690 383,615 — Residential first-lien mortgage 495 — 111 606 39,638 40,244 — Home equity/consumer — — — — 8,029 8,029 — Total $ 1,079 $ — $ 9,753 $ 10,832 $ 1,490,032 $ 1,500,864 $ — The following table presents the segments of the loan portfolio summarized by the past due status as of December 31, 2022: Loans 30-59 60-89 Receivable Days Days Greater Total Total >90 Days Past Past than Past Loans and Due Due 90 days Due Current Receivable Accruing (In thousands) Commercial real estate $ — $ 6,193 $ — $ 6,193 $ 867,380 $ 873,573 $ — Commercial and industrial — — — — 28,859 28,859 — Construction — — 148 148 417,390 417,538 — Residential first-lien mortgage 1,292 — 118 1,410 41,715 43,125 — Home equity/Consumer 255 — 184 439 9,290 9,729 184 Total $ 1,547 $ 6,193 $ 450 $ 8,190 $ 1,364,634 $ 1,372,824 $ 184
Summary of loans by year of origination, internally assigned credit grades and risk characteristics	The following table summarizes total loans by year of origination, internally assigned credit grades and risk characteristics as of June 30, 2023. 2023 2022 2021 2020 2019 Prior Revolving Total (Dollars in thousands) Commercial real estate Pass $ 6,260 $ 235,799 $ 88,066 $ 54,349 $ 174,659 $ 450,916 $ 5,608 $ 1,015,657 Special mention — — — — — 2,812 — 2,812 Substandard — — — — — 4,485 — 4,485 Total commercial real estate 6,260 235,799 88,066 54,349 174,659 458,213 5,608 1,022,954 Commercial and industrial Pass 1,771 4,054 2,466 2,298 16,367 2,674 13,139 42,769 Special mention — — — — — 697 — 697 Substandard — — — — — 2,556 — 2,556 Total commercial and industrial 1,771 4,054 2,466 2,298 16,367 5,927 13,139 46,022 Construction Pass — 6,904 141,342 38,117 48 10,837 183,442 380,690 Special mention — — — — — — — — Substandard — — — 2,925 — — — 2,925 Total construction — 6,904 141,342 41,042 48 10,837 183,442 383,615 Residential first-lien mortgage Performing — 1,006 5,707 2,886 1,578 28,956 — 40,133 Nonperforming — — — — — 111 — 111 Total residential first-lien mortgage — 1,006 5,707 2,886 1,578 29,067 — 40,244 Home equity/consumer Performing — 948 415 67 — 2,980 3,619 8,029 Nonperforming — — — — — — — — Total home equity/consumer — 948 415 67 — 2,980 3,619 8,029 Current period gross charge-offs — — — — — (1,868 ) — (1,868 ) Current period recoveries — — — — — 30 — 30 Total net-charge-off — — — — — (1,838 ) — (1,838 ) Total Pass 8,031 248,711 237,996 97,717 192,652 496,363 205,808 1,487,278 Special mention — — — — — 3,509 — 3,509 Substandard — — — 2,925 — 7,152 — 10,077 Total loans $ 8,031 $ 248,711 $ 237,996 $ 100,642 $ 192,652 $ 507,024 $ 205,808 $ 1,500,864
Summary of aggregate pass and classified rating of segments of loan portfolio	The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31, 2022: Special Pass Mention Substandard Doubtful Total (In thousands) Commercial real estate $ 864,497 $ 2,883 $ 6,193 $ — $ 873,573 Commercial and industrial 28,350 509 — — 28,859 Construction 417,390 — 148 — 417,538 Residential first-lien mortgage 43,007 — 118 — 43,125 Home equity/consumer 9,729 — — — 9,729 Total with no related allowance $ 1,362,973 $ 3,392 $ 6,459 $ — $ 1,372,824
Summary of allowance for credit losses on loans receivables	The following table presents the allowance for credit losses on loans receivable at and for the three months ended June 30, 2023: Commercial Commercial Residential Home equity/ real estate industrial Construction mortgage consumer Unallocated Total (In thousands) Allowance for credit losses: Beginning balance $ 10,037 $ 214 $ 5,349 $ 654 $ 253 $ — $ 16,507 Non-purchased 1,586 105 — 16 — — 1,707 Purchased credit deteriorated loans 498 103 — — — — 601 Provision 1 1,697 (19 ) (672 ) (7 ) (3 ) — 996 Charge-offs (1,718 ) — (148 ) (2 ) — — (1,868 ) Recoveries 23 4 — — — — 27 Total $ 12,123 $ 407 $ 4,529 $ 661 $ 250 $ — $ 17,970 Ending Balance: Individually evaluated $ — $ — $ — $ — $ — $ — $ — Collectively evaluated 12,123 407 4,529 661 250 — 17,970 $ 12,123 $ 407 $ 4,529 $ 661 $ 250 $ — $ 17,970 1 non-PCD The Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Unallocated Total (In thousands) Loans: Ending balance: Individually evaluated $ 4,485 $ 2,232 $ 2,925 $ 111 $ — $ — $ 9,753 Collectively evaluated 1,018,469 43,790 380,690 40,133 8,029 — 1,491,111 Ending balance $ 1,022,954 $ 46,022 $ 383,615 $ 40,244 $ 8,029 $ — $ 1,500,864 The following table presents the allowance for loan losses on loans receivables at and for the three months ended June 30, 2022: Commercial Commercial Construction Residential Home equity/ Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 7,088 $ 266 $ 8,034 $ 262 $ 46 $ 958 $ 16,654 Provision 1,583 13 (1,604 ) (3 ) 4 7 — Charge-offs (200 ) — — — — — (200 ) Recoveries 212 — — — — — 212 Total $ 8,683 $ 279 $ 6,430 $ 259 $ 50 $ 965 $ 16,666 The following table presents the allowance for credit losses on loans receivable at and for the six months ended June 30, 2023: Commercial Commercial Construction Residential first-lien Home equity/ Unallocated Total (In thousands) Allowance for credit losses: Beginning balance $ 8,654 $ 271 $ 6,289 $ 236 $ 45 $ 966 $ 16,461 CECL adoption 1,384 (73 ) (1,269 ) 428 195 (966 ) (301 ) CECL day 1 provision 1,586 105 — 16 — — 1,707 Purchased credit deteriorated loans 498 103 — — — — 601 Provision 1 1,693 (3 ) (343 ) (17 ) 10 — 1,340 Charge-offs (1,718 ) — (148 ) (2 ) — — (1,868 ) Recoveries 26 4 — — — — 30 Total $ 12,123 $ 407 $ 4,529 $ 661 $ 250 $ — $ 17,970 1 non-PCD The following table presents the allowance for credit losses on loans receivable at and for the six months ended June 30, 2022: Commercial real estate Commercial and industrial Construction Residential first-lien mortgage Home equity/ consumer PPP Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 7,458 $ 713 $ 7,228 $ 267 $ 48 $ — $ 906 $ 16,620 Provision 1,179 (434 ) (798 ) (8 ) 2 — 59 — Charge-offs (200 ) — — — — — — (200 ) Recoveries 246 — — — — — — 246 Total $ 8,683 $ 279 $ 6,430 $ 259 $ 50 $ — $ 965 $ 16,666 The following table presents the recorded investment of loans receivables and allowance for loan losses at December 31, 2022: Commercial real estate Commercial and industrial Construction Residential first-lien mortgage Home equity/ consumer Unallocated Total (In thousands) Loans: Ending Balance: Individually evaluated for impairment $ 12,030 $ 10 $ 148 $ 118 $ 71 $ — $ 12,377 Collectively evaluated for impairment 861,543 28,849 417,390 43,007 9,658 — 1,360,447 Ending balance $ 873,573 $ 28,859 $ 417,538 $ 43,125 $ 9,729 $ — $ 1,372,824 Allowance for loan losses: Ending Balance: Individually evaluated for impairment $ — $ — $ 118 $ — $ — $ — $ 118 Collectively evaluated for impairment 8,654 271 6,171 236 45 966 16,343 $ 8,654 $ 271 $ 6,289 $ 236 $ 45 $ 966 $ 16,461

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2023
Deposits [Abstract]
Summary of components of deposits	The components of deposits were as follows: June 30, December 31, 2023 2022 (Dollars in thousands) Demand, non-interest-bearing $ 258,014 16.40 % $ 265,078 19.67 % Demand, interest-bearing checking 224,328 14.26 % 269,737 20.01 % Savings 152,695 9.71 % 190,686 14.15 % Money market 321,840 20.46 % 283,652 21.05 % Time deposits, $250,000 and over 142,674 9.07 % 83,410 6.19 % Time deposits, other 473,347 30.10 % 255,167 18.93 % $ 1,572,898 100.00 % $ 1,347,730 100.00 %

Fair Value Measurements and D_2

Fair Value Measurements and Disclosure (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Summary Of Financial Assets Measured At Fair Value On Recurring Basis	For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2023 were as follows: (Level 1) (Level 2) (Level 3) Unobservable Total Fair Description (In thousands) Mortgage-backed securities -U.S. $ — $ 35,539 $ — $ 35,539 U.S. government agency securities — 5,181 — 5,181 Obligations of state and political subdivisions — 40,538 — 40,538 Small Business Association (SBA) securities — 3,363 — 3,363 Subordinated debentures — 450 — 450 SBIC securities — — 2,101 2,101 Securities available-for-sale $ — $ 85,071 $ 2,101 $ 87,172 For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy, used at December 31, 2022 were as follows: (Level 1) (Level 2) (Level 3) Total Fair December 31, Description (In thousands) Mortgage-backed securities -U.S. $ — $ 34,915 $ — $ 34,915 U.S. government agency securities 5,085 — 5,085 Obligations of state and political subdivisions — 41,341 — 41,341 SBIC securities — — 2,061 2,061 Securities available-for-sale $ — $ 81,341 $ 2,061 $ 83,402
Summary Of Financial Assets Measured At Fair Value On NonRecurring Basis	For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2023, were as follows. Description (Level 1) (Level 2) (Level 3) Total Fair (In thousands) Other real estate owned $ — $ — $ 33 $ 33 Collateral dependent loan — — 4,485 4,485 $ — $ — $ 4,518 $ 4,518 The following table presents quantitative information using Level 3 fair value measurements at June 30, 2023. Description June 30, Valuation Unobservable Range (Dollars in thousands) Discount 0.0 % Other real estate owned 1 $ 33 Collateral 2 adjustment (0.0 %) Discount 0.0 % Collateral dependent loan $ 4,485 Collateral 3 adjustment (0.0 %) 1 2 3
Summary Of Quantitative Information With Regards To Level 3 Fair Value Measurements	For Description (Level 1) Quoted Price in Active (Level 2) (Level 3) Total Fair (In thousands) Impaired loans $ — $ — $ 30 $ 30 $ — $ — $ 30 $ 30 The following table presents quantitative information using Level 3 fair value measurements at December 31, 2022. Fair Value Range December 31, Valuation Unobservable (Weighted Description 2022 Technique Input Average) (Dollars in thousands) Discount 6.0 % Impaired loans $ 30 Collateral 1 adjustment (6.0 %) 1
Summary Of Carrying Amounts And Estimated Fair Value Of Financial Instruments	The carrying amounts and estimated fair value of financial instruments at June 30, 2023 are as follows. June 30, 2023 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and cash equivalents $ 143,001 $ 143,001 $ 143,001 $ — $ — Securities available-for-sale 87,172 87,172 — 85,071 2,101 Securities held-to-maturity 197 196 — 196 — Loans receivable, net 1,481,721 1,483,203 — — 1,483,203 Restricted investments in bank stock 1,385 1,385 — 1,385 — Accrued interest receivable 5,575 5,575 — 5,575 — Financial Liabilities: Deposits $ 1,572,898 $ 1,469,087 $ — $ 1,469,087 $ — Accrued interest payable 6,174 6,174 — 6,174 — The carrying amounts and estimated fair value of financial instruments at December 31, 2022 are as follows: December 31, 2022 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 53,351 $ 53,351 $ 53,351 $ — $ — Securities AFS 83,402 83,402 — 81,341 2,061 Securities HTM 201 200 — 200 — Loans receivable, net 1,353,907 1,347,137 — — 1,347,137 Restricted bank stock 1,742 1,742 — 1,742 — Accrued interest receivable 4,756 4,756 — 4,756 — Financial Liabilities Deposits 1,347,730 1,225,087 1,225,087 — Borrowings 10,000 10,000 10,000 Accrued interest payable 1,027 1,027 — 1,027 —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Summary of operating leases of lessee	The following table represents the classification of the Company’s right of use and lease liability. Statement of Financial Condition Location June 30, 2023 December 31, 2022 (In thousands) Operating Lease Right of Use Asset: Gross carrying amount $ 16,026 $ 17,919 Increased asset from new leases 8,067 — Accumulated amortization (1,043 ) (1,893 ) Net book value Operating lease right-of-use asset $ 23,050 $ 16,026 Operating Lease Liability: Lease liability Operating lease liability $ 23,805 $ 16,772
Summary of lease cost	Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 (In thousands) (In thousands) Lease cost: Operating lease $ 930 $ 705 $ 1,595 $ 1,405 Short-term lease cost 63 10 65 34 Total lease cost $ 993 $ 715 $ 1,660 $ 1,439 Other information: Cash paid for amounts included in the measurement of lease liabilities $ 696 $ 577 $ 1,281 $ 1,244
Summary of lessee operating lease liability maturity	Future minimum payments under operating leases with terms longer than 12 months are as follows at June 30, 2023 (in thousands): Twelve months ended June 30, 2024 $ 3,401 2025 3,115 2026 3,009 2027 2,794 2028 2,531 Thereafter 17,546 Total future operating lease payment 32,396 Amounts representing interest (8,591 ) Present value of net future lease payments $ 23,805

Goodwill and Core Deposit Int_2

Goodwill and Core Deposit Intangible (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of carrying amount of goodwill and core deposit intangible assets	The changes in the carrying amount of goodwill and core deposit intangible assets are summarized as follows: Core Deposit Goodwill Intangible (In thousands) Balance at December 31, 2022 $ 8,853 $ 1,825 Acquisition of Noah Bank — 99 Amortization expense — (262 ) Balance at March 31, 2023 $ 8,853 $ 1,662
Summary of future fiscal periods amortization for the core deposit intangible	As of June 30, 2023, the remaining current fiscal year and future fiscal periods amortization for the core deposit intangible is (in thousands): 2023 $ 243 2024 432 2025 353 2026 274 2027 195 Thereafter 165 Total $ 1,662

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands		6 Months Ended
	Jan. 01, 2023 USD ($)	Jun. 30, 2023 USD ($) Integer	May 19, 2023	Dec. 31, 2022 USD ($)	May 03, 2007 Branches
Description Of Organization And Summary Of Significant Accounting Policies [Line Items]
Entity incorporation date of incorporation		Mar. 05, 2007
State in which the entity was incorporated		NJ
Year of incorporation		2007
Operations commencement date		Apr. 23, 2007
Number of branches owned by the entity | Branches					30
Retained earnings accumulated deficit		$ 140,310		$ 131,488
Number Of Employees | Integer		212
Number Of Full Time Employees | Integer		209
Noah Bank [Member]
Description Of Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock acquired			100%
Accounting Standard Pending Adoption [Member] | Accounting Standards Update 2019-05 [Member]
Description Of Organization And Summary Of Significant Accounting Policies [Line Items]
Retained earnings accumulated deficit	$ 284
Financing receivable change in method credit loss expense reversal	301
Accounting Standard Pending Adoption [Member] | Accounting Standards Update 2019-05 [Member] | SEC Schedule, 12-09, Reserve, off-Balance-Sheet Activity [Member]
Description Of Organization And Summary Of Significant Accounting Policies [Line Items]
Reserve for unfunded liability	$ 695
New Jersey State Chartered Banking Institution [Member]
Description Of Organization And Summary Of Significant Accounting Policies [Line Items]
State in which the entity was incorporated		NJ

Business Combinations - Summary

Business Combinations - Summary of purchase price calculation and bargain purchase gain (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
	May 19, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Cash consideration				$ 25,414	$ 0
Liabilities Assumed:
Bargain purchase gain		$ (9,696)	$ 0	$ (9,696)	$ 0
Noah Bank [Member]
Business Acquisition [Line Items]
Noah Bank number of common shares outstanding				4,235,666
Purchase price per share assigned to cash consideration	$ 6	$ 6		$ 6
Cash consideration				$ 25,414
Assets Acquired:
Cash and cash equivalents		$ 23,181		23,181
Securities available-for-sale		6,454		6,454
Loans receivable, net of allowance		185,891		185,891
Core deposit intangible		99		99
Premises and equipment		2,495		2,495
Operating leases right-of-use		10,523		10,523
Deferred tax assets		4,308		4,308
Other assets		6,500		6,500
Fair value of assets acquired		239,451		239,451
Liabilities Assumed:
Deposits		191,700		191,700
Operating lease liability		10,523		10,523
Other liabilities assumed		2,118		2,118
Fair value of liabilities assumed		204,341		204,341
Total identifiable net assets		$ 35,110		35,110
Bargain purchase gain	$ (9,700)			$ (9,696)

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	May 19, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Business combination bargain purchase gain amount		$ 9,696	$ 0	$ 9,696	$ 0
Provision for loan lease and other losses		$ 2,463	$ 0	2,728	$ 0
Business combination acquired receivable allowance for credit loss	$ 2,300
Valuation adjustment of time deposits				$ 407
Maturity of time deposits		5 years		5 years
Noah Bank [Member]
Business Acquisition [Line Items]
Percentage of outstanding common stock acquired	100%
Business acquisition share price	$ 6	$ 6		$ 6
Business combination bargain purchase gain amount	$ 9,700			$ 9,696
Business acquisition merger related expenses	7,000
Provision for loan lease and other losses	1,700
Fair value of investment securities from business combination	6,500
Fair value of acquired receivable from business combination	185,900
Business combination fair value of premises and equipment acquired	2,500
Business combination fair value of operating lease right-of-use assets acquired	10,500
Noah Bank [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Business Acquisition [Line Items]
Fair value of acquired receivable from business combination	37,300
Business combination acquired receivable allowance for credit loss	537
Noah Bank [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Performing Financial Instruments [Member]
Business Acquisition [Line Items]
Fair value of acquired receivable from business combination	34,500
Noah Bank [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Nonperforming Financial Instruments [Member]
Business Acquisition [Line Items]
Fair value of acquired receivable from business combination	2,600
Noah Bank [Member] | Termination Of Branch Lease [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	3,700
Noah Bank [Member] | Termination Of Data Processing [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	1,700
Noah Bank [Member] | Legal Expense [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	437
Noah Bank [Member] | Investment Banker Services [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	243
Noah Bank [Member] | Severance Payments [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	184
Noah Bank [Member] | Professional Services [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	115
Noah Bank [Member] | Other Miscellaneous Expenses [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	$ 621

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income applicable to common stock	$ 6,788	$ 6,327	$ 12,885	$ 12,348
Weighted average number of common shares outstanding	6,270,000	6,305,000	6,263,000	6,385,000
Basic earnings per share	$ 1.08	$ 1	$ 2.06	$ 1.93
Dilutive effect on common shares outstanding	95	132	112	141
Weighted average number of diluted common shares outstanding	6,365	6,437	6,375	6,526
Diluted earnings per share	$ 1.07	$ 0.98	$ 2.02	$ 1.89

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - Option [Member] - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase, Options	276,704	328,021	280,732	333,753
Anti-dilutive, Options	95,750	95,750	95,750	95,750
Employee Stock Option One [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase, Weighted Ave Exercise Price	$ 19.56	$ 17.65	$ 19.56	$ 17.65
Anti-dilutive, Weighted Ave Exercise Price	32.45	32.45	32.45	32.45
Employee Stock Option Two [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to purchase, Weighted Ave Exercise Price	19.49	16.31	19.49	16.31
Anti-dilutive, Weighted Ave Exercise Price	$ 32.45	$ 32.45	$ 32.45	$ 32.45

Investment Securities - Additio

Investment Securities - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) Securities	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) Securities	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Marketable Securities [Line Items]
Number of securities less than 12 months | Securities	65		65
Number of securities more than 12 months | Securities	129		129
Unrealized losses securities more than 12 months	$ 10,916,000		$ 10,916,000		$ 6,370,000
Other than temporary impairment charges	0	$ 0	0	$ 0
Sales of available-for-sale securities				0
Proceeds from maturities of securities available-for-sale	525,000		830,000	$ 3,002,000
Securities pledged as collateral	$ 0		$ 0		0
Number of investment securities | Securities	219		219
Municpal Securities [Member]
Marketable Securities [Line Items]
Number of securities more than 12 months | Securities	81		81
Unrealized losses securities more than 12 months	$ 23,800,000		$ 23,800,000
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 3,400,000		$ 3,400,000
Mortgage-backed securities [Member]
Marketable Securities [Line Items]
Number of securities more than 12 months | Securities	44		44
Unrealized losses securities more than 12 months	$ 31,500,000		$ 31,500,000
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	6,400,000		6,400,000
Obligations of state and political subdivisions [Member]
Marketable Securities [Line Items]
Unrealized losses securities more than 12 months	3,412,000		3,412,000		$ 371,000
Debt Securities, Available-for-Sale, Allowance for Credit Loss	$ 0		$ 0
Agency Securities [Member]
Marketable Securities [Line Items]
Number of securities more than 12 months | Securities	4		4
Unrealized losses securities more than 12 months	$ 5,200,000		$ 5,200,000
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 1,100,000		$ 1,100,000

Investment Securities - Summary

Investment Securities - Summary of Amortized Cost and Estimated Fair Value (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	$ 99,102	$ 94,997
Gross Unrealized Gains	13	10
Gross Unrealized Losses	(11,943)	(11,605)
Fair value	87,172	83,402
Mortgage-backed securities - U.S. Government Sponsored Enterprises (GSEs) [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	42,035	41,515
Gross Unrealized Gains	6	2
Gross Unrealized Losses	(6,502)	(6,602)
Fair value	35,539	34,915
U.S. government agency securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	6,260	6,260
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,079)	(1,175)
Fair value	5,181	5,085
Obligations of state and political subdivisions [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	44,311	45,161
Gross Unrealized Gains	6	8
Gross Unrealized Losses	(3,779)	(3,828)
Fair value	40,538	41,341
Small Business Association (SBA) securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	3,362
Gross Unrealized Gains	1
Gross Unrealized Losses	0
Fair value	3,363
Subordinated debentures [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	450
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair value	450
SBIC securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	2,684	2,061
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(583)	0
Fair value	$ 2,101	$ 2,061

Investment Securities - Summa_2

Investment Securities - Summary of Fair Value of Available For Sale Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities Available For Sale Unrealized Loss Position Fair Value [Line Items]
Less than 12 Months Fair Value	$ 16,223	$ 52,026
Less than 12 Months Unrealized Losses	(1,027)	(5,235)
More than 12 Months Fair Value	60,475	25,574
More than 12 Months Unrealized Losses	(10,916)	(6,370)
Fair Value	76,698	77,600
Unrealized Losses	(11,943)	(11,605)
Mortgage-backed securities - U.S. Government Sponsored Enterprises (GSEs) [Member]
Debt Securities Available For Sale Unrealized Loss Position Fair Value [Line Items]
Less than 12 Months Fair Value	1,713	15,605
Less than 12 Months Unrealized Losses	(77)	(1,778)
More than 12 Months Fair Value	31,480	19,137
More than 12 Months Unrealized Losses	(6,425)	(4,824)
Fair Value	33,193	34,742
Unrealized Losses	(6,502)	(6,602)
U.S. government agency securities [Member]
Debt Securities Available For Sale Unrealized Loss Position Fair Value [Line Items]
Less than 12 Months Fair Value	0	0
Less than 12 Months Unrealized Losses	0	0
More than 12 Months Fair Value	5,181	5,085
More than 12 Months Unrealized Losses	(1,079)	(1,175)
Fair Value	5,181	5,085
Unrealized Losses	(1,079)	(1,175)
Obligations of state and political subdivisions [Member]
Debt Securities Available For Sale Unrealized Loss Position Fair Value [Line Items]
Less than 12 Months Fair Value	12,409	36,421
Less than 12 Months Unrealized Losses	(367)	(3,457)
More than 12 Months Fair Value	23,814	1,352
More than 12 Months Unrealized Losses	(3,412)	(371)
Fair Value	36,223	37,773
Unrealized Losses	(3,779)	$ (3,828)
SBIC securities [Member]
Debt Securities Available For Sale Unrealized Loss Position Fair Value [Line Items]
Less than 12 Months Fair Value	2,101
Less than 12 Months Unrealized Losses	(583)
More than 12 Months Fair Value	0
More than 12 Months Unrealized Losses	0
Fair Value	2,101
Unrealized Losses	$ (583)

Investment Securities - Summa_3

Investment Securities - Summary of Securities Available For Sale By Contractual Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	$ 99,102	$ 94,997
Fair value due in one year or less	16,223	52,026
Fair value due after one year through five years	60,475	25,574
Fair value	87,172	83,402
Prepayment of Obligation [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost due in one year or less	150
Amortized cost due after one year through five years	4,987
Amortized cost due after five years through ten years	26,903
Amortized cost due after ten years	18,531
Amortized cost	99,102
Fair value due in one year or less	150
Fair value due after one year through five years	4,876
Fair value due after five years through ten years	24,914
Fair value due after ten years	15,779
Fair value	87,172
Mortgage-backed securities - U.S. Government Sponsored Enterprises (GSEs) [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	42,035	41,515
Fair value due in one year or less	1,713	15,605
Fair value due after one year through five years	31,480	19,137
Fair value	35,539	34,915
Mortgage-backed securities - U.S. Government Sponsored Enterprises (GSEs) [Member] | Prepayment of Obligation [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	42,035
Fair value	35,539
Small Business Association (SBA) securities [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	3,362
Fair value	3,363
Small Business Association (SBA) securities [Member] | Prepayment of Obligation [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	3,362
Fair value	3,363
Subordinated debentures [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	450
Fair value	450
Subordinated debentures [Member] | Prepayment of Obligation [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	450
Fair value	450
SBIC securities [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	2,684	2,061
Fair value due in one year or less	2,101
Fair value due after one year through five years	0
Fair value	2,101	$ 2,061
SBIC securities [Member] | Prepayment of Obligation [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	2,684
Fair value	$ 2,101

Loans Receivable - Additional I

Loans Receivable - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) Loan	Jun. 30, 2022 USD ($)
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Payments to Acquire Loans Receivable	$ 0	$ 0	$ 0	$ 0
Non-performing assets	9,800		9,800
Increase in Non-performing assets	9,500		9,500
Financing receivable allowance for credit losses write offs	1,868	200	1,868	200
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Financing receivable, accrued interest, writeoff			228
Commercial real estate [Member]
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Increase in Non-performing assets due to delinquency	4,500		4,500
Financing receivable allowance for credit losses write offs	1,718	200	1,718	200
Construction [Member]
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Increase in Non-performing assets due to delinquency	2,900		2,900
Financing receivable allowance for credit losses write offs	148	$ 0	$ 148	$ 0
Performing [Member]
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Number of loans | Loan			3
Troubled debt restructuring	5,900		$ 5,900
Nonperforming [Member] | Loans Receivable [Member]
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Increase in Non-performing assets due to delinquency	$ 2,500		$ 2,500

Loans Receivable - Summary of L

Loans Receivable - Summary of Loans Receivable Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1,500,864	$ 1,372,824
Deferred fees and costs	(1,173)	(2,456)
Loans, net	1,499,691	1,370,368
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,022,954	873,573
Commercial and industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	46,022	28,859
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	383,615	417,538
Residential first-lien mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	40,244	43,125
Home equity/consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 8,029	$ 9,729

Loans Receivable - Summary of c

Loans Receivable - Summary of components of allowance for credit losses (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ (17,970)	$ (16,507)	$ (16,461)	$ (16,666)	$ (16,654)	$ (16,620)
Allowance for credit losses - off balance sheet	(699)		(332)
Allowance for credit losses	$ (18,669)		$ (16,793)

Loans Receivable - Summary of N

Loans Receivable - Summary of Nonaccrual Loans by Segment of Loan Portfolio (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	$ 9,753	$ 118
Total nonaccrual loans with a related allowance	0	148
Commercial real estate [Member]
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	4,485	0
Total nonaccrual loans with a related allowance	0	0
Commercial and industrial [Member]
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	2,232	0
Total nonaccrual loans with a related allowance	0	0
Construction [Member]
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	2,925	0
Total nonaccrual loans with a related allowance	0	148
Residential first-lien mortgage [Member]
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	111	118
Total nonaccrual loans with a related allowance	$ 0	$ 0

Loans Receivable - Summary of P

Loans Receivable - Summary of Performance and Credit Quality of Loan Portfolio (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	$ 1,490,032	$ 1,364,634
Total loans receivable	1,500,864	1,372,824
Loans receivable more than 90 days and accruing	0	184
Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	1,017,930	867,380
Total loans receivable	1,022,954	873,573
Loans receivable more than 90 days and accruing	0	0
Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	43,745	28,859
Total loans receivable	46,022	28,859
Loans receivable more than 90 days and accruing	0	0
Construction [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	380,690	417,390
Total loans receivable	383,615	417,538
Loans receivable more than 90 days and accruing	0	0
Residential first-lien mortgage [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	39,638	41,715
Total loans receivable	40,244	43,125
Loans receivable more than 90 days and accruing	0	0
Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	8,029	9,290
Total loans receivable	8,029	9,729
Loans receivable more than 90 days and accruing	0	184
30 to 59 Days Past Due [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	1,079	1,547
30 to 59 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	539	0
30 to 59 Days Past Due [Member] | Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	45	0
30 to 59 Days Past Due [Member] | Construction [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	0
30 to 59 Days Past Due [Member] | Residential first-lien mortgage [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	495	1,292
30 to 59 Days Past Due [Member] | Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	255
60 to 89 Days Past Due [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	6,193
60 to 89 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	6,193
60 to 89 Days Past Due [Member] | Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	0
60 to 89 Days Past Due [Member] | Construction [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	0
60 to 89 Days Past Due [Member] | Residential first-lien mortgage [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	0
60 to 89 Days Past Due [Member] | Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	0
Greater than 90 Days [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	9,753	450
Greater than 90 Days [Member] | Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	4,485	0
Greater than 90 Days [Member] | Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	2,232	0
Greater than 90 Days [Member] | Construction [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	2,925	148
Greater than 90 Days [Member] | Residential first-lien mortgage [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	111	118
Greater than 90 Days [Member] | Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	184
Past Due [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	10,832	8,190
Past Due [Member] | Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	5,024	6,193
Past Due [Member] | Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	2,277	0
Past Due [Member] | Construction [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	2,925	148
Past Due [Member] | Residential first-lien mortgage [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	606	1,410
Past Due [Member] | Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	$ 0	$ 439

Loans Receivable - Summary of_2

Loans Receivable - Summary of loans by year of origination, internally assigned credit grades and risk characteristics (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,500,864		$ 1,500,864		$ 1,372,824
Current period recoveries Total	27	$ 212	30	$ 246
Home Equity Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current period gross charge-offs 2023			0
Current period gross charge-offs 2022			0
Current period gross charge-offs 2021			0
Current period gross charge-offs 2020			0
Current period gross charge-offs 2019			0
Current period gross charge-offs Prior			(1,868)
Current period gross charge-offs Revolving Loans			0
Current period gross charge-offs Total			(1,868)
Current period recoveries 2023			0
Current period recoveries 2022			0
Current period recoveries 2021			0
Current period recoveries 2020			0
Current period recoveries 2019			0
Current period recoveries Prior			30
Current period recoveries Revolving Loans			0
Current period recoveries Total			30
Total net-charge-off 2023			0
Total net-charge-off 2022			0
Total net-charge-off 2021			0
Total net-charge-off 2020			0
Total net-charge-off 2019			0
Total net-charge-off Prior			(1,838)
Total net-charge-off Revolving Loans			0
Total net-charge-off Total			(1,838)
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total					1,362,973
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total					3,392
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total					$ 6,459
Loans Receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	8,031		8,031
2022	248,711		248,711
2021	237,996		237,996
2020	100,642		100,642
2019	192,652		192,652
Prior	507,024		507,024
Revolving Loans	205,808		205,808
Total	1,500,864		1,500,864
Loans Receivable [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	6,260		6,260
2022	235,799		235,799
2021	88,066		88,066
2020	54,349		54,349
2019	174,659		174,659
Prior	458,213		458,213
Revolving Loans	5,608		5,608
Total	1,022,954		1,022,954
Loans Receivable [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,771		1,771
2022	4,054		4,054
2021	2,466		2,466
2020	2,298		2,298
2019	16,367		16,367
Prior	5,927		5,927
Revolving Loans	13,139		13,139
Total	46,022		46,022
Loans Receivable [Member] | Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	6,904		6,904
2021	141,342		141,342
2020	41,042		41,042
2019	48		48
Prior	10,837		10,837
Revolving Loans	183,442		183,442
Total	383,615		383,615
Loans Receivable [Member] | Residential FirstLien Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	1,006		1,006
2021	5,707		5,707
2020	2,886		2,886
2019	1,578		1,578
Prior	29,067		29,067
Revolving Loans	0		0
Total	40,244		40,244
Loans Receivable [Member] | Residential FirstLien Mortgage [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	1,006		1,006
2021	5,707		5,707
2020	2,886		2,886
2019	1,578		1,578
Prior	28,956		28,956
Revolving Loans	0		0
Total	40,133		40,133
Loans Receivable [Member] | Residential FirstLien Mortgage [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	111		111
Revolving Loans	0		0
Total	111		111
Loans Receivable [Member] | Home Equity Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	948		948
2021	415		415
2020	67		67
2019	0		0
Prior	2,980		2,980
Revolving Loans	3,619		3,619
Total	8,029		8,029
Loans Receivable [Member] | Home Equity Loan [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	948		948
2021	415		415
2020	67		67
2019	0		0
Prior	2,980		2,980
Revolving Loans	3,619		3,619
Total	8,029		8,029
Loans Receivable [Member] | Home Equity Loan [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total	0		0
Loans Receivable [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	8,031		8,031
2022	248,711		248,711
2021	237,996		237,996
2020	97,717		97,717
2019	192,652		192,652
Prior	496,363		496,363
Revolving Loans	205,808		205,808
Total	1,487,278		1,487,278
Loans Receivable [Member] | Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	6,260		6,260
2022	235,799		235,799
2021	88,066		88,066
2020	54,349		54,349
2019	174,659		174,659
Prior	450,916		450,916
Revolving Loans	5,608		5,608
Total	1,015,657		1,015,657
Loans Receivable [Member] | Pass [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,771		1,771
2022	4,054		4,054
2021	2,466		2,466
2020	2,298		2,298
2019	16,367		16,367
Prior	2,674		2,674
Revolving Loans	13,139		13,139
Total	42,769		42,769
Loans Receivable [Member] | Pass [Member] | Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	6,904		6,904
2021	141,342		141,342
2020	38,117		38,117
2019	48		48
Prior	10,837		10,837
Revolving Loans	183,442		183,442
Total	380,690		380,690
Loans Receivable [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	3,509		3,509
Revolving Loans	0		0
Total	3,509		3,509
Loans Receivable [Member] | Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	2,812		2,812
Revolving Loans	0		0
Total	2,812		2,812
Loans Receivable [Member] | Special Mention [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	697		697
Revolving Loans	0		0
Total	697		697
Loans Receivable [Member] | Special Mention [Member] | Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total	0		0
Loans Receivable [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	2,925		2,925
2019	0		0
Prior	7,152		7,152
Revolving Loans	0		0
Total	10,077		10,077
Loans Receivable [Member] | Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	4,485		4,485
Revolving Loans	0		0
Total	4,485		4,485
Loans Receivable [Member] | Substandard [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	2,556		2,556
Revolving Loans	0		0
Total	2,556		2,556
Loans Receivable [Member] | Substandard [Member] | Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0		0
2022	0		0
2021	0		0
2020	2,925		2,925
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total	$ 2,925		$ 2,925

Loans Receivable - Summary of A

Loans Receivable - Summary of Aggregate Pass and Classified Rating of Segments of Loan Portfolio (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 1,500,864	$ 1,372,824
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		1,362,973
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		3,392
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		6,459
Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Commercial real estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1,022,954	873,573
Commercial real estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		864,497
Commercial real estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		2,883
Commercial real estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		6,193
Commercial real estate [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Commercial and industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	46,022	28,859
Commercial and industrial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		28,350
Commercial and industrial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		509
Commercial and industrial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Commercial and industrial [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	383,615	417,538
Construction [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		417,390
Construction [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Construction [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		148
Construction [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Residential first-lien mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	40,244	43,125
Residential first-lien mortgage [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		43,007
Residential first-lien mortgage [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Residential first-lien mortgage [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		118
Residential first-lien mortgage [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Home equity/consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 8,029	9,729
Home equity/consumer [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		9,729
Home equity/consumer [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Home equity/consumer [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		0
Home equity/consumer [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		$ 0

Loans Receivable - Summary of_3

Loans Receivable - Summary of Allowance for Loan Losses On Loans Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Allowance for loan losses:
Beginning balance	$ 16,507	$ 16,654	$ 16,461	$ 16,620
Non-purchased credit deteriorated loans	1,707		1,700
CECL adoption			(301)
CECL day 1 provision			1,707
Purchased credit deteriorated loans	601		601
Provision	996	0	1,340	0
Charge-offs	(1,868)	(200)	(1,868)	(200)
Recoveries	27	212	30	246
Total	17,970	16,666	17,970	16,666
Individually evaluated for impairment	0		0		$ 118
Collectively evaluated for impairment	17,970		17,970		16,343
Loans:
Individually evaluated for impairment	9,753		9,753		12,377
Collectively evaluated for impairment	1,491,111		1,491,111		1,360,447
Ending balance	1,500,864		1,500,864		1,372,824
Commercial real estate [Member]
Allowance for loan losses:
Beginning balance	10,037	7,088	8,654	7,458
Non-purchased credit deteriorated loans	1,586
CECL adoption			1,384
CECL day 1 provision			1,586
Purchased credit deteriorated loans	498		498
Provision	1,697	1,583	1,693	1,179
Charge-offs	(1,718)	(200)	(1,718)	(200)
Recoveries	23	212	26	246
Total	12,123	8,683	12,123	8,683
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	12,123		12,123		8,654
Loans:
Individually evaluated for impairment	4,485		4,485		12,030
Collectively evaluated for impairment	1,018,469		1,018,469		861,543
Ending balance	1,022,954		1,022,954		873,573
Commercial and industrial [Member]
Allowance for loan losses:
Beginning balance	214	266	271	713
Non-purchased credit deteriorated loans	105
CECL adoption			(73)
CECL day 1 provision			105
Purchased credit deteriorated loans	103		103
Provision	(19)	13	(3)	(434)
Charge-offs	0	0	0	0
Recoveries	4	0	4	0
Total	407	279	407	279
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	407		407		271
Loans:
Individually evaluated for impairment	2,232		2,232		10
Collectively evaluated for impairment	43,790		43,790		28,849
Ending balance	46,022		46,022		28,859
Construction [Member]
Allowance for loan losses:
Beginning balance	5,349	8,034	6,289	7,228
Non-purchased credit deteriorated loans	0
CECL adoption			(1,269)
CECL day 1 provision			0
Purchased credit deteriorated loans	0		0
Provision	(672)	(1,604)	(343)	(798)
Charge-offs	(148)	0	(148)	0
Recoveries	0	0	0	0
Total	4,529	6,430	4,529	6,430
Individually evaluated for impairment	0		0		118
Collectively evaluated for impairment	4,529		4,529		6,171
Loans:
Individually evaluated for impairment	2,925		2,925		148
Collectively evaluated for impairment	380,690		380,690		417,390
Ending balance	383,615		383,615		417,538
Residential first-lien mortgage [Member]
Allowance for loan losses:
Beginning balance	654	262	236	267
Non-purchased credit deteriorated loans	16
CECL adoption			428
CECL day 1 provision			16
Purchased credit deteriorated loans	0		0
Provision	(7)	(3)	(17)	(8)
Charge-offs	(2)	0	(2)	0
Recoveries	0	0	0	0
Total	661	259	661	259
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	661		661		236
Loans:
Individually evaluated for impairment	111		111		118
Collectively evaluated for impairment	40,133		40,133		43,007
Ending balance	40,244		40,244		43,125
Home equity/consumer [Member]
Allowance for loan losses:
Beginning balance	253	46	45	48
Non-purchased credit deteriorated loans	0
CECL adoption			195
CECL day 1 provision			0
Purchased credit deteriorated loans	0		0
Provision	(3)	4	10	2
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Total	250	50	250	50
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	250		250		45
Loans:
Individually evaluated for impairment	0		0		71
Collectively evaluated for impairment	8,029		8,029		9,658
Ending balance	8,029		8,029		9,729
PPP [Member]
Allowance for loan losses:
Beginning balance				0
Provision				0
Charge-offs				0
Recoveries				0
Total		0		0
Unallocated [Member]
Allowance for loan losses:
Beginning balance	0	958	966	906
Non-purchased credit deteriorated loans	0
CECL adoption			(966)
CECL day 1 provision			0
Purchased credit deteriorated loans	0		0
Provision	0	7	0	59
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Total	0	$ 965	0	$ 965
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	0		0		966
Loans:
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	0		0		0
Ending balance	$ 0		$ 0		$ 0

Loans Receivable - Summary of_4

Loans Receivable - Summary of Allowance for Loan Losses On Loans Receivables (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Receivables [Abstract]
Provision for credit losses	$ 2,463	$ 0	$ 2,728	$ 0
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	996	$ 0	1,340	$ 0
Increase decrease in reserve for unfunded liabilities	240		319
Financing receivable allowance for credit loss not purchased with credit deterioration	$ 1,707		$ 1,700

Deposits - Summary of Component

Deposits - Summary of Components of Deposits (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deposit Liability [Line Items]
Demand, non-interest-bearing checking	$ 258,014	$ 265,078
Demand, interest-bearing checking	224,328	269,737
Savings	152,695	190,686
Money market	321,840	283,652
Time deposits, $250,000 and over	142,674	83,410
Time deposits, other	473,347	255,167
Total deposits	$ 1,572,898	$ 1,347,730
Demand, non-interest-bearing checking percentage	16.40%	19.67%
Demand, interest-bearing checking percentage	14.26%	20.01%
Savings percentage	9.71%	14.15%
Money market percentage	20.46%	21.05%
Time deposits, $250,000 and over percentage	9.07%	6.19%
Time deposits other percentage	30.10%	18.93%
Total deposits percentage	100%	100%

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Overnight Borrowings One [Member]
Short-Term Debt [Line Items]
Borrowings outstanding	$ 0
Overnight Borrowings Two [Member]
Short-Term Debt [Line Items]
Borrowings outstanding		$ 10
Borrowings rate		4.61%

Fair Value Measurements and D_3

Fair Value Measurements and Disclosure - Summary of Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 87,172	$ 83,402
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	85,071	81,341
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	2,101	2,061
Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	87,172	83,402
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	85,071	81,341
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	2,101	2,061
Mortgage-backed securities - U.S. Government Sponsored Enterprises (GSEs) [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	35,539	34,915
Mortgage-backed securities - U.S. Government Sponsored Enterprises (GSEs) [Member] | Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	35,539	34,915
Mortgage-backed securities - U.S. Government Sponsored Enterprises (GSEs) [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	35,539	34,915
US Government Agencies Debt Securities [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	5,181	5,085
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	5,181	5,085
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	5,181	5,085
US States and Political Subdivisions Debt Securities [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	40,538	41,341
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	40,538	41,341
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	40,538	41,341
Mortgage-Backed Securities, Issued by Private Enterprises [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	2,101	2,061
Mortgage-Backed Securities, Issued by Private Enterprises [Member] | Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	2,101	2,061
Mortgage-Backed Securities, Issued by Private Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Mortgage-Backed Securities, Issued by Private Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	2,101	$ 2,061
Small Business Association (SBA) securities [Member] | Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	3,363
Small Business Association (SBA) securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	3,363
Subordinated Debentures [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	450
Subordinated Debentures [Member] | Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	450
Subordinated Debentures [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 450

Fair Value Measurements and D_4

Fair Value Measurements and Disclosure - Summary of Financial Assets Measured at Fair Value on NonRecurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Other real estate owned	$ 33	$ 0
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	1,483,203	1,347,137
Fair Value, Nonrecurring [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Other real estate owned	33
Assets, Fair Value Disclosure	4,518	30
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Other real estate owned	0
Assets, Fair Value Disclosure	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Other real estate owned	0
Assets, Fair Value Disclosure	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Other real estate owned	33
Assets, Fair Value Disclosure	4,518	30
Impaired Loans [Member] | Fair Value, Nonrecurring [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure		30
Impaired Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure
Impaired Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure
Impaired Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure		$ 30
Collateral dependent loan [Member] | Fair Value, Nonrecurring [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	4,485
Collateral dependent loan [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	0
Collateral dependent loan [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	0
Collateral dependent loan [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 4,485

Fair Value Measurements and D_5

Fair Value Measurements and Disclosure - Summary of Quantitative Information with Regards to Level 3 Fair Value Measurements (Detail) - Fair Value, Inputs, Level 3 [Member] $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans Receivable, Fair Value Disclosure	$ 1,483,203	$ 1,347,137
Measurement Input Discount Rate Adjustment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans Receivable Measurement Input	0
Measurement Input Discount Rate Adjustment [Member] | Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans Receivable Measurement Input		6
Measurement Input Discount Rate Adjustment [Member] | Collateral dependent loan [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans Receivable Measurement Input	0
Measurement Input Discount Rate Adjustment [Member] | Valuation Technique Collateral [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans Receivable, Fair Value Disclosure	$ 33
Loans Receivable Measurement Input	0
Measurement Input Discount Rate Adjustment [Member] | Valuation Technique Collateral [Member] | Weighted Average [Member] | Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans Receivable, Fair Value Disclosure		$ 30
Loans Receivable Measurement Input		(6)
Measurement Input Discount Rate Adjustment [Member] | Valuation Technique Collateral [Member] | Weighted Average [Member] | Collateral dependent loan [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans Receivable, Fair Value Disclosure	$ 4,485
Loans Receivable Measurement Input	0

Fair Value Measurements and D_6

Fair Value Measurements and Disclosure - Summary of Carrying Amounts and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial Assets: (Carrying Amount)
Cash and cash equivalents	$ 143,001	$ 53,351
Securities available-for-sale at fair value	87,172	83,402
Securities held-to-maturity	197	201
Loans receivable, net	1,481,721	1,353,907
Restricted investments in bank stock	1,385	1,742
Accrued interest receivable	5,575	4,756
Financial Liabilities (Carrying Amount)
Deposits	1,572,898	1,347,730
Borrowings	0	10,000
Accrued interest payable	6,174	1,027
Financial Assets: (Fair Value)
Securities available-for-sale at fair value	87,172	83,402
Securities held-to-maturity	196	200
Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Financial Assets: (Fair Value)
Cash and cash equivalents	143,001	53,351
Securities available-for-sale at fair value	87,172	83,402
Securities held-to-maturity	196	200
Loans receivable, net	1,483,203	1,347,137
Restricted investments in bank stock	1,385	1,742
Accrued interest receivable	5,575	4,756
Financial Liabilities (Fair Value)
Deposits	1,469,087	1,225,087
Borrowings		10,000
Accrued interest payable	6,174	1,027
Fair Value, Inputs, Level 1 [Member]
Financial Assets: (Fair Value)
Cash and cash equivalents	143,001	53,351
Fair Value, Inputs, Level 2 [Member]
Financial Assets: (Fair Value)
Securities available-for-sale at fair value	85,071	81,341
Securities held-to-maturity	196	200
Restricted investments in bank stock	1,385	1,742
Accrued interest receivable	5,575	4,756
Financial Liabilities (Fair Value)
Deposits	1,469,087	1,225,087
Borrowings		10,000
Accrued interest payable	6,174	1,027
Fair Value, Inputs, Level 3 [Member]
Financial Assets: (Fair Value)
Securities available-for-sale at fair value	2,101	2,061
Loans receivable, net	$ 1,483,203	$ 1,347,137

Leases - Additional Information

Leases - Additional Information (Detail)	Jun. 30, 2023
Leases [Abstract]
Weighted-average remaining lease terms for operating leases	12 years 7 months 6 days
Weighted-average discount rate	3.35%

Leases - Summary of Operating L

Leases - Summary of Operating Leases of Lessee (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Gross carrying amount	$ 16,026	$ 17,919
Increased asset from new lease	8,067	0
Accumulated amortization	(1,043)	(1,893)
Net book value	23,050	16,026
Lease liabilities	$ 23,805	$ 16,772

Leases - Summary of Lessee Oper

Leases - Summary of Lessee Operating Lease Liability Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, to be Paid [Abstract]
2024	$ 3,401
2025	3,115
2026	3,009
2027	2,794
2028	2,531
Thereafter	17,546
Total future operating lease payment	32,396
Amounts representing interest	(8,591)
Present value of net future lease payments	$ 23,805	$ 16,772

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lease cost:
Operating lease	$ 930	$ 705	$ 1,595	$ 1,405
Short-term lease cost	63	10	65	34
Total lease cost	993	715	1,660	1,439
Cash paid for amounts included in the measurement of lease liabilities	$ 696	$ 577	$ 1,281	$ 1,244

Goodwill and Core Deposit Int_3

Goodwill and Core Deposit Intangible - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Line Items]
Goodwill	$ 8,853	$ 8,853	$ 8,853
Core deposit intangible assets	1,662	$ 1,662	$ 1,825
Goodwill tax deductible	$ 8,900
Goodwill amortization period	15 years
Core Deposits [Member]
Goodwill And Intangible Assets Disclosure [Line Items]
Core deposit intangible assets	$ 4,200
Intangible assets amortized year	10 years

Goodwill and Core Deposit Int_4

Goodwill and Core Deposit Intangible - Summary of Carrying Amount of Goodwill and Core Deposit Intangible Assets (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance	$ 8,853
Core Deposit Intangible, Beginning balance	1,825
Acquisition of Noah Bank	99
Amortization expense	262
Goodwill, Ending balance	8,853
Core Deposit Intangible, Ending balance	$ 1,662

Goodwill and Core Deposit Int_5

Goodwill and Core Deposit Intangible - Summary of Future Fiscal Periods Amortization for the Core Deposit Intangible (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2023	$ 243
2024	432
2025	353
2026	274
2027	195
Thereafter	165
Total	$ 1,662	$ 1,662	$ 1,825

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member]	Jul. 20, 2023 $ / shares
Subsequent Event [Line Items]
Dividends payable, date of record	Aug. 09, 2023
Dividend Declared [Member]
Subsequent Event [Line Items]
Dividends payable, amount per share	$ 0.3
Dividend Paid [Member]
Subsequent Event [Line Items]
Dividends payable, date to be paid	Aug. 31, 2023