The Bank of Princeton (BPRN) 10-Q 14 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Nov. 05, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
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		6,848,948

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 19,384	$ 17,156
Interest-earning bank balances	21,760	17,376
Federal funds sold	139,914	116,025
Total cash and cash equivalents	181,058	150,557
Securities available-for-sale, at fair value	188,859	91,352
Securities held-to-maturity (fair value $164 and $192, at September 30, 2024 and December 31, 2023, respectively)	163	193
Loans receivable, net of deferred fees and costs	1,831,407	1,548,335
Less: allowance for credit losses	(23,200)	(18,492)
Loans receivable, net	1,808,207	1,529,843
Bank-owned life insurance	68,757	58,860
Premises and equipment, net	17,579	14,453
Accrued interest receivable	8,203	6,089
Restricted investment in bank stock	2,075	1,410
Deferred taxes, net	19,816	11,512
Goodwill	14,381	8,853
Core deposit intangible	3,860	1,422
Operating lease right-of-use asset	22,628	23,398
Equity method investments	10,042	8,296
Other assets	9,102	10,259
TOTAL ASSETS	2,354,730	1,916,497
Deposits:
Non-interest-bearing	302,846	249,282
Interest-bearing	1,743,155	1,386,459
Total deposits	2,046,001	1,635,741
Accrued interest payable	14,340	9,162
Operating lease liability	23,626	24,280
Other liabilities	9,261	7,103
TOTAL LIABILITIES	2,093,228	1,676,286
STOCKHOLDERS' EQUITY
Preferred stock, no par value; 2,000,000 shares authorized and none outstanding at September 30, 2024 and none authorized at December 31, 2023	0	0
Common stock, no par value; 15,000,000 shares authorized, 6,876,448 shares issued and 6,848,948 outstanding at September 30, 2024; 6,299,331 shares issued and outstanding at December 31, 2023
Paid-in capital	119,514	98,291
Treasury stock, at cost of 27,500 shares at September 30, 2024	(842)	0
Retained earnings	148,716	149,414
Accumulated other comprehensive loss	(5,886)	(7,494)
TOTAL STOCKHOLDERS' EQUITY	261,502	240,211
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,354,730	$ 1,916,497

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Held to maturity debt securities at fair value	$ 164	$ 192
Common stock par or stated value per share	$ 0	$ 0
Common Stock, Shares Authorized	15,000,000	15,000,000
Common stock shares issued	6,876,448	6,299,331
Common stock shares outstanding	6,848,948	6,299,331
Treasury share common stock	27,500
Preferred Stock, No Par Value	$ 0	$ 0
Preferred Stock, Shares Authorized	2,000,000	0
Preferred Stock, Shares Outstanding	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
INTEREST AND DIVIDEND INCOME
Loans receivable, including fees	$ 28,135	$ 23,503	$ 79,109	$ 64,914
Securities available-for-sale:
Taxable	1,273	357	2,838	927
Tax-exempt	285	285	857	853
Securities held-to-maturity	2	3	7	8
Other interest and dividend income	2,115	2,852	6,475	3,924
TOTAL INTEREST AND DIVIDEND INCOME	31,810	27,000	89,286	70,626
INTEREST EXPENSE
Deposits	14,701	10,316	40,761	21,502
Borrowings	0	0	0	118
TOTAL INTEREST EXPENSE	14,701	10,316	40,761	21,620
NET INTEREST INCOME	17,109	16,684	48,525	49,006
Provision for (reversal of) credit losses	4,601	(182)	4,669	2,546
NET INTEREST INCOME AFTER PROVISION FOR (REVERSAL OF) CREDIT LOSSES	12,508	16,866	43,856	46,460
NON-INTEREST INCOME
(Loss) on call/sale of securities available-for-sale	(7)	(6)	(7)	(6)
Income from bank-owned life insurance	423	331	1,192	916
Fees and service charges	521	479	1,418	1,391
Loan fees, including preypayment penalties	784	1,184	2,445	2,565
Gain on bargain purchase	0	0	0	9,696
Gain on sale of other real estate owned	0	203	0	203
Other	335	212	1,080	577
TOTAL NON-INTEREST INCOME	2,056	2,403	6,128	15,342
NON-INTEREST EXPENSE
Salaries and employee benefits	6,556	6,177	19,519	17,352
Occupancy and equipment	2,087	2,142	5,966	5,188
Professional fees	654	614	1,780	1,635
Data processing and communications	1,456	1,242	4,020	3,860
Federal deposit insurance	316	258	868	701
Advertising and promotion	181	139	479	375
Office expense	190	117	464	392
Other real estate expenses	0	0	0	1
Core deposit intangible	143	116	374	378
Acquisition-related expenses (reversal)	7,803	(1,391)	7,803	5,635
Other	758	745	2,716	2,228
TOTAL NON-INTEREST EXPENSE	20,144	10,159	43,989	37,745
(LOSS) INCOME BEFORE INCOME TAX EXPENSE	(5,580)	9,110	5,995	24,057
INCOME TAX (BENEFIT) EXPENSE	(1,124)	1,512	980	3,574
NET (LOSS) INCOME	$ (4,456)	$ 7,598	$ 5,015	$ 20,483
Earnings (loss) per common share-basic	$ (0.68)	$ 1.21	$ 0.78	$ 3.26
Earnings (loss) per common share-diluted	$ (0.68)	$ 1.19	$ 0.77	$ 3.21

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
NET INCOME (LOSS)		$ (4,456)	$ 7,598	$ 5,015	$ 20,483
Other comprehensive income (loss)
Unrealized losses arising during period on securities available-for-sale		3,758	(4,321)	2,240	(4,656)
Reclassification adjustment for losses (gains) realized in income	[1]	7	6	7	6
Net unrealized income (loss)		3,765	(4,315)	2,247	(4,650)
Tax effect		(1,072)	1,236	(639)	1,330
Total other comprehensive income (loss)		2,693	(3,079)	1,608	(3,320)
COMPREHENSIVE INCOME (LOSS)		$ (1,763)	$ 4,519	$ 6,623	$ 17,163
[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 expense or benefit for the three or nine months ended September 30, 2024 or 2023.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income tax expenses on available for sale securities reclassified from other comprehensive income into income statement	$ 0	$ 0	$ 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, 2022	$ 219,601	$ 34,547	$ 81,291	$ (19,452)	$ 131,488	$ (8,273)
Net income (loss)	20,483				20,483
Other comprehensive income (loss)	(3,320)					(3,320)
Change in accounting principle	(284)				(284)
Formation of Princeton Bancorp, Inc.		(34,547)	15,095	19,452
Stock options exercised	779	0	779
Dividends declared	(5,583)				(5,583)
Dividend reinvestment plan		0	82		(82)
Stock-based compensation expense	532		532
Ending balance at Sep. 30, 2023	232,208	0	97,779	0	146,022	(11,593)
Beginning balance at Jun. 30, 2023	228,899	0	97,103	0	140,310	(8,514)
Net income (loss)	7,598				7,598
Other comprehensive income (loss)	(3,079)					(3,079)
Stock options exercised	507	0	507
Dividends declared	(1,864)				(1,864)
Dividend reinvestment plan		0	22		(22)
Stock-based compensation expense	147		147
Ending balance at Sep. 30, 2023	232,208	0	97,779	0	146,022	(11,593)
Beginning balance at Dec. 31, 2023	240,211	0	98,291	0	149,414	(7,494)
Net income (loss)	5,015				5,015
Other comprehensive income (loss)	1,608					1,608
Stock options exercised	590	0	590
Share redemption for tax withholding on restricted stock vesting	(249)		(249)
Dividends declared	(5,612)				(5,612)
Purchase of treasury stock	(842)			(842)
Dividend reinvestment plan		0	101		(101)
Stock-based compensation expense	748		748
Acquisition of Cornerstone Financial Corporation	20,033		20,033
Ending balance at Sep. 30, 2024	261,502	0	119,514	(842)	148,716	(5,886)
Beginning balance at Jun. 30, 2024	244,841	0	99,179	(842)	155,083	(8,579)
Net income (loss)	(4,456)				(4,456)
Other comprehensive income (loss)	2,693					2,693
Dividends declared	(1,878)				(1,878)
Dividend reinvestment plan		0	33		(33)
Stock-based compensation expense	269		269
Acquisition of Cornerstone Financial Corporation	20,033		20,033
Ending balance at Sep. 30, 2024	$ 261,502	$ 0	$ 119,514	$ (842)	$ 148,716	$ (5,886)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Stock issued during the period stock options exercised		16,750	42,500	33,057
Common stock dividend declared per share paid	$ 0.3	$ 0.3	$ 0.9	$ 0.9
Treasury stock shares acquired			27,500
Stock issued during period shares dividend reinvestment plan	899	1,083	3,058	3,343
Stock issued during period, shares, Acquisition of Cornerstone Financial Corporation	525,946		525,946
Business acquisition, price per share	$ 38.09		$ 38.09

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ 5,015	$ 20,483
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses		4,669	2,546
Depreciation and amortization		1,243	1,070
Stock-based compensation expense		747	532
Amortization of premiums and accretion of discount on securities		49	257
Accretion of net deferred loan fees and costs		(1,483)	(1,937)
Loss on call/sale of securities available-for-sale		7	6
Increase in cash surrender value of bank-owned life insurance		(1,192)	(916)
Deferred income tax		(877)	(671)
Amortization of core deposit intangible		374	378
Bargain purchase gain		0	(9,696)
(Gain) loss on sale of other real estate owned		0	(203)
(Increase) decrease in accrued interest receivable and other assets		1,642	2,747
Increase (decrease) in accrued interest payable and other liabilities		122	5,553
NET CASH PROVIDED BY OPERATING ACTIVITIES		10,316	20,149
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of available-for-sale securities		(98,669)	(7,319)
Maturities, calls and principal repayments of securities available-for-sale		16,842	5,244
Maturities, calls and principal repayments of securities held-to-maturity		30	6
Net (increase) decrease in loans		(26,093)	59,696
Cash paid for acquisition		0	(25,414)
Cash received from acquisition		7,866	23,181
Purchases of premises and equipment		(862)	(1,420)
Purchases of bank-owned life insurance		0	(4,950)
Redemption (purchases) of restricted bank stock		(319)	357
Proceeds from other real estate owned		0	236
NET CASH (USED IN) PROVIDED BY INVESTMENT ACTIVITIES		(101,205)	49,617
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits		127,503	98,536
Proceeds from overnight borrowings		0	(10,000)
Cash dividends		(5,612)	(5,501)
Share Redemption for Tax Witholding on Restricted Stock Vesting		(249)	0
Purchase of treasury stock		(842)	0
Proceeds from exercise of stock options		590	779
NET CASH PROVIDED BY FINANCING ACTIVITIES		121,390	83,814
NET INCREASE IN CASH AND CASH EQUIVALENTS		30,501	153,580
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		150,557	53,351
CASH AND CASH EQUIVALENTS, END OF PERIOD		181,058	206,931
SUPPLEMENTARY CASH FLOWS INFORMATION:
Interest paid		35,583	12,404
Income taxes paid		1,820	3,455
Net assets acquired from Noah Bank		0	239,451
Net liabilities assumed from Noah Bank		0	204,341
Cornerstone Bank [Member]
SUPPLEMENTARY CASH FLOWS INFORMATION:
Net assets acquired from Noah Bank	[1]	303,486	0
Net liabilities assumed from Noah Bank	[1]	$ 288,971	$ 0
[1]For details of assets acquired and liabilities assumed - See Note 2.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (4,456)	$ 7,598	$ 5,015	$ 20,483

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
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 35 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 September 30, 2024, the Company and its subsidiaries had 246 total employees and 244 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, Northern New Jersey, and New York City markets. On that date, the Company acquired 100% of the outstanding common stock of Noah Bank for cash, and Noah Bank was merged with and into the Bank. On August 23, 2024, the Company completed the acquisition of Cornerstone Financial Corporation (“CFC”), the holding company for Cornerstone Bank, a New Jersey chartered state bank headquartered in Mt. Laurel, New Jersey that primarily served the South Jersey market. On that date, the Company acquired 100% of the outstanding common stock of CFC in exchange for the Company’s stock, CFC was merged into the Company, and Cornerstone 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 the Bank’s 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 September 30, 2024. 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. Recent Accounting Pronouncements Not Yet Adopted The Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07 2023-07 In December 2023, the FASB issued ASU No. 2023-09, ASU 2023-06,

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2024
Business Combinations [Abstract]
Business Combinations	Note 2 – Business Combinations On August 23, 2024, the Company completed the acquisition of CFC, the holding company for Cornerstone Bank, a New Jersey chartered state bank headquartered in Mt. Laurel, New Jersey that primarily served the South Jersey market. On that date, the Company acquired 100% of the outstanding common stock of CFC in exchange for the Company’s stock, CFC was merged into the Company, and Cornerstone Bank was merged with and into the Bank. In accordance with the terms of the acquisition agreement, the Company issued its common stock at an exchange ratio of 0.24 shares of Company common stock per share of Cornerstone’s common stock outstanding on the closing date, having a value of $9.14 per CFC share based on the $38.09 closing price of the Company’s common stock on August 23, 2024. The acquisition of Cornerstone 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 $5.5 million total in the table below was recorded as “Goodwill” on the Consolidated Statement of Financial Condition. The following table summarizes the purchase price calculation and goodwill resulting from acquisition: Fair Value Purchase Price Consideration in Cash for Cornerstone Financial Corporation’s Outstanding Shares Cornerstone Financial Corporation number of common shares outstanding 2,191,999 Exchange ratio 0.240 Princeton Bancorp, Inc shares issued 525,946 Value assigned to Cornerstone Financial Corporation common shares $ 38.09 Purchase price assigned to Cornerstone Financial Corporation common shares exchanged for Princeton Bancorp, Inc common stock $ 20,033 Assets Acquired: Cash and cash equivalents $ 7,866 Securities available-for-sale 13,972 Loans receivable, net of allowance 255,496 Core deposit intangible 2,812 Premises and equipment 3,507 Operating leases right-of-use 1,259 Deferred tax assets 7,427 Other assets 11,137 Fair value of assets acquired 303,476 Liabilities Assumed: Deposits 282,757 Operating lease liability 1,259 Other liabilities assumed 4,955 Fair value of liabilities assumed 288,971 Total identifiable net assets 14,505 Goodwill $ 5,528 The Company recorded merger-related expenses of $7.8 million, consisting of $3.2 million in severance payments, $1.5 million for termination of the corporate headquarters lease, $1.5 million related to termination of data processing contracts, $615 thousand for legal related expenses, $330 thousand for investment banker services, $416 thousand in other professional services provided and $305 thousand in other miscellaneous related expenses. In addition, the Company recorded a $3.2 million provision for credit loss for the purchased non-credit While the valuation of the acquired assets and liabilities is substantially complete, fair value estimates related to the assets and liabilities from Cornerstone 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 goodwill 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 non-credit Other assets right-of-use Time deposits:

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024, and 2023 (in thousands, except per share data): Three months ended September 30, 2024 2023 Net income (loss) applicable to common stock $ (4,456 ) $ 7,598 Weighted average number of common shares outstanding 6,573 6,295 Basic earnings (loss) per share $ (0.68 ) $ 1.21 Net (loss) income applicable to common stock $ (4,456 ) $ 7,598 Weighted average number of common shares outstanding 6,573 6,295 Dilutive effect on common shares outstanding 1 —  95 Weighted average number of diluted common shares outstanding 6,573 6,390 Diluted earnings (loss) per share $ (0.68 ) $ 1.19 1 Dilutive effect on common shares outstanding not taken into consideration during the three months ended September 30, 2024 due to net (loss) recognized. The following schedule presents earnings per share data for the nine-month periods ended September 30, 2024, and 2023 (in thousands, except per share data): Nine months ended September 30, 2024 2023 Net income applicable to common stock $ 5,015 $ 20,483 Weighted average number of common shares outstanding 6,412 6,275 Basic earnings per share $ 0.78 $ 3.26 Net income applicable to common stock $ 5,015 $ 20,483 Weighted average number of common shares outstanding 6,412 6,275 Dilutive effect on common shares outstanding 84 105 Weighted average number of diluted common shares outstanding 6,496 6,380 Diluted earnings per share $ 0.77 $ 3.21 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 average estimated fair value of our common stock for the three-and nine-months period ended September 30, 2024, and 2023. Although the options exercised average price for the three-months ended September 30, 2024, fell below the fair value of our common stock, the options are considered anti-dilutive due to the net (loss) recognized for the three-months period ended September 30, 2024: Three months ended September 30, 2024 2023 Weighted Ave Weighted Ave Options Exercise Price Options Exercise Price Options to purchase —  $ —  276,704 $ 19.56 Anti-dilutive 287,659 $ 26.04 95,750 $ 32.45 Nine months ended September 30, 2024 2023 Weighted Ave Weighted Ave Options Exercise Price Options Exercise Price Options to purchase 309,984 $ 25.21 280,732 $ 19.49 Anti-dilutive —  —  95,750 $ 32.45

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In thousands) Available-for-sale Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 135,032 $ 763 $ (5,304 ) $ 130,491 U.S. government agency securities 11,260 45 (837 ) 10,468 Obligations of state and political subdivisions 43,897 11 (2,921 ) 40,987 Small business association (SBA) securities 2,072 10 (2 ) 2,080 U.S. treasury securities 4,818 15 —  4,833 Total $ 197,079 $ 844 $ (9,064 ) $ 188,859 December 31, 2023 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In thousands) Available-for-sale Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 48,399 $ 219 $ (5,984 ) $ 42,634 U.S. government agency securities 6,260 —  (969 ) 5,291 Obligations of state and political subdivisions 44,059 12 (3,262 ) 40,809 Small business association (SBA) securities 2,617 2 (1 ) 2,618 Total $ 101,335 $ 233 $ (10,216 ) $ 91,352 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 (In thousands) September 30, 2024 Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 19,131 $ (70 ) $ 31,318 $ (5,234 ) $ 50,449 $ (5,304 ) U.S. government agency securities —  —  5,423 (837 ) 5,423 (837 ) Obligations of state and political subdivisions 250 —  35,528 (2,921 ) 35,778 (2,921 ) Small business association (SBA) securities —  —  486 (2 ) 486 (2 ) Total $ 19,381 $ (70 ) $ 72,755 $ (8,994 ) $ 92,136 $ (9,064 ) Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) December 31, 2023 Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 2,858 $ (14 ) $ 31,398 $ (5,970 ) $ 34,256 $ (5,984 ) U.S. government agency securities —  —  5,291 (969 ) 5,291 (969 ) Obligations of state and political subdivisions 5,117 (102 ) 30,646 (3,160 ) 35,763 (3,262 ) Small business association (SBA) securities 723 (1 ) —  —  723 (1 ) $ 8,698 $ (117 ) $ 67,335 $ (10,099 ) $ 76,033 $ (10,216 ) The amortized cost and fair value of securities available-for-sale Amortized Cost Fair Value (In thousands) Due in one year or less $ 2,920 $ 2,923 Due after one year through five years 7,611 7,589 Due after five years through ten years 40,308 38,063 Due after ten years 9,136 7,713 Mortgage-backed securities (GSEs) 135,032 130,491 Small business association (SBA) securities 2,072 2,080 $ 197,079 $ 188,859 Proceeds from calls and maturities of securities available-for-sale The Company uses a defined methodology for allowance for credit losses on its investment securities available-for-sale. 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, mortgage related securities guaranteed by the SBA and U.S. treasury notes. We believe it is reasonable to expect that the securities with a credit guarantee of the U.S. government will have a zero-credit At September 30, 2024, the Company’s available-for-sale available-for-sale available-for-sale available-for-sale securities-GSE nd There are no securities pledged as of September 30, 2024, and December 31, 2023.

Loans Receivable

Loans Receivable	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Loans Receivable	Note 5 – Loans Receivable Loans receivable, net at September 30, 2024 and December 31, 2023 were comprised of the following: September 30, December 31, 2024 2023 (In thousands) Commercial real estate $ 1,391,245 $ 1,142,864 Commercial and industrial 93,782 50,961 Construction 258,332 310,187 Residential first-lien mortgage 70,389 38,040 Home equity/consumer 19,406 8,081 Total loans 1,833,154 1,550,133 Deferred fees and costs (1,747 ) (1,798 ) Loans, net $ 1,831,407 $ 1,548,335 Except for the Cornerstone Bank acquisition during the three-month period ended September 30, 2024, and the Noah Bank acquisition during the three-month period ended September 30, 2023, the Company did not purchase any loans during the three and nine-months ended September 30, 2024, and 2023, respectively. The Company uses the discounted cash flow methodology in determining the appropriate quantitative adjustments, which projects future losses, based on historical and peer 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. There were no significant changes to the Company’s ACL methodology for the quarter ended September 30, 2024. The following table presents the components of the allowance for credit losses: September 30, December 31, (In thousands) Allowance for credit losses - loans $ (23,200 ) $ (18,492 ) Allowance for credit losses - off balance sheet (464 ) (589 ) $ (23,664 ) $ (19,081 ) The following table presents nonaccrual loans by segment of the loan portfolio as of September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 With a Without a With a Without a Related Related Related Related Allowance Allowance Allowance Allowance (In thousands) Commercial real estate $ —  $ 1,279 $ —  $ 4,485 Commercial and industrial 28 548 —  2,116 Construction —  —  —  —  Residential first-lien mortgage —  479 —  107 Home equity/consumer —  —  —  —  Total nonaccrual loans $ 28 $ 2,306 $ —  $ 6,708 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 nine-month period ended September 30, 2024, the Company wrote off $692 thousand in accrued interest receivable for loans, compared to $366 thousand for the nine-month period ended September 30, 2023. Accrued interest receivable related to loans, at September 30, 2024, and December 31, 2023, was $7.1 million and $5.5 million, respectively. 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 September 30, 2024: 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 $ 24,054 $ 4,391 $ 1,279 $ 29,724 $ 1,361,521 $ 1,391,245 $ —  Commercial and industrial 401 2,222 576 3,199 90,583 93,782 —  Construction —  —  —  —  258,332 258,332 —  Residential first-lien mortgage 400 —  479 879 69,510 70,389 —  Home equity/consumer 67 —  —  67 19,339 19,406 —  Total $ 24,922 $ 6,613 $ 2,334 $ 33,869 $ 1,799,285 $ 1,833,154 $ —  The following table presents the segments of the loan portfolio summarized by the past due status as of December 31, 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 $ 159 $ —  $ 4,485 $ 4,644 $ 1,138,220 $ 1,142,864 $ —  Commercial and industrial 303 —  2,116 2,419 48,542 50,961 —  Construction —  —  —  —  310,187 310,187 —  Residential first-lien mortgage —  —  107 107 37,933 38,040 —  Home equity/consumer 29 —  —  29 8,052 8,081 —  Total $ 491 $ —  $ 6,708 $ 7,199 $ 1,542,934 $ 1,550,133 $ —  The Company categorizes 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 status. The following table summarizes total loans by year of origination, internally assigned credit grades and risk characteristics as of September 30, 2024. Gross charge-offs are included for the nine months ended September 30, 2024. 2024 2023 2022 2021 2020 Prior Revolving Total (Dollars in thousands) Commercial real estate Pass $ 112,403 $ 168,841 $ 305,533 $ 135,130 $ 75,353 $ 578,291 $ 7,551 $ 1,383,102 Special mention —  —  —  —  —  6,864 —  6,864 Substandard —  —  —  —  —  1,279 —  1,279 Total commercial real estate 112,403 168,841 305,533 135,130 75,353 586,434 7,551 1,391,245 Current period gross charge-offs 237 237 Commercial and industrial Pass 14,447 6,448 7,909 10,612 269 18,461 21,622 79,768 Special mention —  —  —  —  —  1,334 —  1,334 Substandard —  —  —  —  —  12,680 —  12,680 Total commercial and industrial 14,447 6,448 7,909 10,612 269 32,475 21,622 93,782 Current period gross charge-offs 408 408 Construction Pass 6,057 8,826 30,385 59,502 6,196 104 147,114 258,184 Special mention —  —  —  —  —  —  —  —  Substandard —  —  —  —  —  148 —  148 Total construction 6,057 8,826 30,385 59,502 6,196 252 147,114 258,332 Residential first-lien mortgage Performing 607 1,909 6,004 5,654 3,003 52,733 —  69,910 Nonperforming —  —  —  —  —  479 —  479 Total residential first-lien mortgage 607 1,909 6,004 5,654 3,003 53,212 —  70,389 Home equity/consumer Performing 1,123 1,005 1,045 277 81 1,602 14,251 19,384 Nonperforming —  —  —  —  —  22 —  22 Total home equity/consumer 1,123 1,005 1,045 277 81 1,624 14,251 19,406 Total Pass 134,637 187,029 350,876 211,175 84,902 651,191 190,538 1,810,348 Special mention —  —  —  —  —  8,198 —  8,198 Substandard —  —  —  —  —  14,608 —  14,608 Total loans $ 134,637 $ 187,029 $ 350,876 $ 211,175 $ 84,902 $ 673,997 $ 190,538 $ 1,833,154 The following table summarizes total loans by year of origination, internally assigned credit grades and risk characteristics as of December 31, 2023. Gross charge-offs are included for the year-ended December 31, 2023. 2023 2022 2021 2020 2019 Prior Revolving Total (Dollars in thousands) Commercial real estate Pass $ 132,834 $ 233,436 $ 116,836 $ 53,574 $ 175,991 $ 417,417 $ 5,551 $ 1,135,639 Special mention —  —  —  —  —  2,740 —  2,740 Substandard —  —  —  —  —  4,485 —  4,485 Total commercial real estate 132,834 233,436 116,836 53,574 175,991 424,642 5,551 1,142,864 Current period gross charge-offs 1,718 1,718 Commercial and industrial Pass 2,098 2,304 11,925 1,962 1,133 13,954 15,045 48,421 Special mention —  —  —  —  —  500 —  500 Substandard —  —  —  —  —  2,040 —  2,040 Total commercial and industrial 2,098 2,304 11,925 1,962 1,133 16,494 15,045 50,961 Current period gross charge-offs 55 55 Construction Pass 5,832 18,379 91,774 19,216 —  8,484 166,502 310,187 Special mention —  —  —  —  —  —  —  —  Substandard —  —  —  —  —  —  —  —  Total construction 5,832 18,379 91,774 19,216 —  8,484 166,502 310,187 Current period gross charge-offs 148 148 Residential first-lien mortgage Performing —  979 4,792 2,839 1,545 27,778 —  37,933 Nonperforming —  —  —  —  —  107 —  107 Total residential first-lien mortgage —  979 4,792 2,839 1,545 27,885 —  38,040 Current period gross charge-offs 2 2 Home equity/consumer Performing 1,153 1,016 1,172 —  —  1,606 3,134 8,081 Nonperforming —  —  —  —  —  —  —  —  Total home equity/consumer 1,153 1,016 1,172 —  —  1,606 3,134 8,081 Total Pass/performing 141,917 256,114 226,499 77,591 178,669 469,239 190,232 1,540,261 Special mention —  —  —  —  —  3,240 —  3,240 Substandard /nonperforming —  —  —  —  —  6,632 —  6,632 Total loans $ 141,917 $ 256,114 $ 226,499 $ 77,591 $ 178,669 $ 479,111 $ 190,232 $ 1,550,133 The following table presents the allowance for credit losses on loans receivable at and for the three months ended September 30, 2024: Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Total (In thousands) Allowance for credit losses: Beginning balance $ 16,623 $ 377 $ 744 $ 660 $ 60 $ 18,464 Purchased non-credit 1 2,106 15 546 271 214 3,152 Purchased credit deteriorated loans 110 4 11 13 16 154 Provision (reversal) 1 1,482 867 (699 ) 8 (122 ) 1,536 Charge-offs 1 (279 ) —  —  —  (278 ) Recoveries 3 134 35 —  —  172 Total $ 20,325 $ 1,118 $ 637 $ 952 $ 168 $ 23,200 1 The provision for credit losses on the Consolidated Statement of Income is $4.6 million comprising of an increase of $3.2 million related to purchased non-credit deteriorated loans acquired, $ The following table presents the allowance for credit losses on loans receivable at and for the nine months ended September 30, 2024: Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Total (In thousands) Allowance for credit losses: Beginning balance $ 16,047 $ 488 $ 1,145 $ 725 $ 87 $ 18,492 Purchased non-credit 1 2,106 15 546 271 214 3,152 Purchased credit deteriorated loans 110 4 11 13 16 154 Provision (reversal) 1 2,219 756 (1,100 ) (57 ) (149 ) 1,669 Charge-offs (236 ) (409 ) —  —  —  (645 ) Recoveries 79 264 35 —  —  378 Total $ 20,325 $ 1,118 $ 637 $ 952 $ 168 $  23,200 1 The provision for credit losses on the Consolidated Statement of Income is $4.7 million comprising of an increase of $3.2 million related to purchased non-credit deteriorated loans acquired, $ The following table presents the allowance for credit losses on loans receivable at and for the three months ended September 30, 2023: Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Total (In thousands) Allowance for loan losses: Beginning balance $ 12,123 $ 407 $ 4,529 $ 661 $ 250 $ 17,970 Provision (reversal) 1 3,301 (81 ) (3,219 ) 160 (161 ) —  Charge-offs —  —  —  —  —  —  Recoveries 4 18 —  —  —  22 Total $ 15,428 $ 344 $ 1,310 $ 821 $ 89 $ 17,992 1 The reversal of credit losses on the Consolidated Statement of Income is $182 thousand comprising of a $182 reduction to the reserve for unfunded liabilities. The following table presents the allowance for credit losses on loans receivable at and for the nine months ended September 30, 2023: Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Unallocated Total (In thousands) Allowance for loan 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 499 102 —  —  —  —  601 Provision (reversal) 1 4,994 (84 ) (3,562 ) 143 (151 ) —  1,340 Charge-offs (1,718 ) —  (148 ) (2 ) —  —  (1,868 ) Recoveries 29 23 —  —  —  —  52 Total $ 15,428 $ 344 $ 1,310 $ 821 $ 89 $ —  $ 17,992 1 The provision for credit losses on the Consolidated Statement of Income is $2.5 million comprising of $1.7 million related to non-PCD As of September 30, 2024, the Company had ten loans totaling $2.3 million that were individually analyzed for potential credit loss and all the loans have real estate as credit support. As of December 31, 2023, the Company had nine loans totaling $6.7 million that were individually analyzed for potential credit loss. Occasionally, the Company will modify the contractual terms of loans to a borrower experiencing financial difficulties as a way to mitigate loss, proactively work with borrowers in financial difficulty, or to comply with regulations regarding the treatment of certain bankruptcy filing and discharge situations. Typically, such concessions may consist of a reduction in interest rate to a below market rate, taking into account the credit quality of the note, extension of additional credit base on receipt of adequate collateral, or a deferment or reduction of payments (principal or interest) which materially alters the Company’s position or significantly extends the note’s maturity date, such that the present value of cash flows to be received is materially less than those contractually established at the loan’s origination. When principal forgiveness is provided, the amount forgiven is charged off against the allowance for credit losses on loans. There were no modifications to borrowers with financial difficulties and no loans that defaulted for the nine-month periods ended September 30, 2024, and September 30, 2023.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2024
Deposits [Abstract]
Deposits	Note 6 – Deposits The components of deposits were as follows: September 30, 2024 December 31, 2023 (Dollars in thousands) Demand, non-interest-bearing $ 302,846 14.80 % $ 249,282 15.24 % Demand, interest-bearing checking 284,504 13.91 % 247,939 15.16 % Savings 178,299 8.71 % 146,484 8.96 % Money market 493,353 24.11 % 354,005 21.64 % Time deposits, $250,000 and over 213,310 10.43 % 173,614 10.61 % Time deposits, other 573,689 28.04 % 464,417 28.39 % $ 2,046,001 100.00 % $ 1,635,741 100.00 %

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Note 7 – Borrowings At September 30, 2024, and December 31, 2023, the Company had no borrowings outstanding.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosure	9 Months Ended
	Sep. 30, 2024
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 re-evaluated 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 September 30, 2024 were as follows: (Level 1) Quoted Price (Level 2) in Active Significant (Level 3) Total Fair Markets for Other Significant Value Identical Observable Unobservable September 30, Description Assets Inputs Inputs 2024 (In thousands) Mortgage-backed securities - $ —  $ 130,491 $ —  $ 130,491 U.S. government agency securities —  10,468 —  10,468 Obligations of state and political subdivisions —  40,987 —  40,987 Small Business Association (SBA) securities —  2,080 —  2,080 U.S. treasury securities 4,833 —  —  4,833 Securities available-for-sale $  4,833 $ 184,026 $ —  $ 188,859 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, 2023 were as follows: (Level 1) Quoted Price (Level 2) in Active Significant (Level 3) Total Fair Markets for Other Significant Value Identical Observable Unobservable December 31, Description Assets Inputs Inputs 2023 (In thousands) Mortgage-backed securities - $ —  $ 42,634 $ —  $ 42,634 U.S. government agency securities 5,291 —  5,291 Obligations of state and political subdivisions —  40,809 —  40,809 Small Business Association (SBA) securities —  2,618 —  2,618 Securities available-for-sale $ —  $ 91,352 $ —  $  91,352 There were no assets or liabilities measured at fair value on a nonrecurring basis, at September 30, 2024. For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2023, were as follows: (Level 1) Quoted Price (Level 2) in Active Significant (Level 3) Total Fair Markets for Other Significant Value Identical Observable Unobservable December 31 Description Assets Inputs Inputs 2023 (In thousands) Collateral dependent loan $ —  $ —  $ 4,485 $ 4,485 $ —  $ —  $ 4,485 $ 4,485 The following table presents quantitative information using Level 3 fair value measurements at December 31, 2023. Range December 31, Valuation Unobservable (Weighted Description 2023 Technique Input Average) (Dollars in thousands) Collateral dependent loan $ 4,485 Collateral 1 Discount adjustment 0.0 % (0.0%) 1 Value based on third party offer to purchase note from the Bank. There were no transfers between fair value hierarchy levels during the three months ended September 30, 2024 or 2023. The Company’s policy is to recognize transfers between levels as of the end of the reporting period. 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 Individual evaluated loans (generally carried at fair value) Individual loans carried at fair value are those loans in which the Company has measured for a reserve and are 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 September 30, 2024 are as follows: September 30, 2024 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and cash equivalents $ 181,058 $ 181,058 $ 181,058 $ —  $ —  Securities available-for-sale 188,859 188,859 —  188,859 —  Securities held-to-maturity 163 164 —  164 —  Loans receivable, net 1,808,207 1,819,217 —  —  1,819,217 Restricted investments in bank stock 2,075 2,075 —  2,075 —  Accrued interest receivable 8,203 8,203 —  8,203 —  Equity method investments 10,042 10,042 —  6,100 3,942 Mortgage servicing rights 1,115 1,115 —  1,115 —  Financial Liabilities: Deposits $ 2,046,001 1,988,165 $ —  $ 1,988,165 $ —  Accrued interest payable 14,340 14,340 —  14,340 —  The carrying amounts and estimated fair value of financial instruments at December 31, 2023 are as follows: December 31, 2023 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 150,557 $ 150,557 $ 150,557 $ —  $ —  Securities available-for-sale 91,352 91,352 —  91,352 —  Securities held-to-maturity 193 192 —  192 —  Loans receivable, net 1,529,843 1,425,814 —  —  1,425,814 Restricted investments in bank stock 1,410 1,410 —  1,410 —  Accrued interest receivable 6,089 6,089 —  6,089 —  Equity method investments 8,296 8,296 —  5,900 2,396 Mortgage servicing rights 1,562 1,562 —  1,562 —  Financial Liabilities: Deposits $ 1,635,741 $ 1,581,762 $ —  $ 1,581,762 $ —  Accrued interest payable 9,162 9,162 —  9,162 —  The fair value of cash and cash equivalents, restricted bank stock, accrued interest receivable, equity method investments, and accrued interest payable are measured at the Company’s carrying amount. The fair value of loans, deposits and borrowings are measured on a discounted basis using similar rates and terms. The Mortgage servicing rights are carried at the lower of cost or estimated fair value. The estimated fair value of MSR is obtained through independent third-party valuations. 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	9 Months Ended
	Sep. 30, 2024
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 30 operating lease agreements for 28 branches and its corporate offices with terms extending through 2042. 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 Nine Months Ended Twelve Months Ended Condition Location September 30, 2024 December 31, 2023 (In thousands) Operating Lease Right of Use Asset: Gross carrying amount $ 23,398 $ 16,026 Increased asset from new leases 3,066 9,799 Accumulated amortization (3,836 ) (2,427 ) Net book value Operating lease right-of-use asset $ 22,628 $ 23,398 Operating Lease Liability: Lease liability Operating lease liability $ 23,626 $ 24,280 As of September 30, 2024, the weighted-average remaining lease terms for operating leases was 11.0 years and the weighted-average discount rate used in the measurement of operating lease liabilities was 3.53%. The Company used FHLB fixed rate advances or at the time the lease was placed in service for the term most closely aligning with remaining lease term. Future minimum payments under operating leases with terms longer than 12 months are as follows at September 30, 2024 (in thousands): Twelve months ended September 30, 2024 $ 3,503 2025 3,373 2026 3,136 2027 2,932 2028 2,439 Thereafter 14,617 Total future operating lease payment 30,000 Amounts representing interest (6,374 ) Present value of net future lease payments $ 23,626 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Lease cost: Operating lease $ 1,030 $ 1,194 $ 2,993 $ 2,789 Short-term lease cost 27 31 92 96 Total lease cost $ 1,057 $ 1,225 $ 3,085 $ 2,885 Other information: Cash paid for amounts included in the measurement of lease liabilities $ 890 $ 898 $ 2,641 $ 2,179

Goodwill and Core Deposit Intan

Goodwill and Core Deposit Intangible	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Core Deposit Intangible	Note 10 – Goodwill and Core Deposit Intangible In accordance with ASC 805, the Company recorded $5.5 million of goodwill along with a core deposit intangible asset of $2.8 million for the Cornerstone Bank acquisition in 2024 and recorded $8.9 million of goodwill along with a core deposit intangible asset of $4.2 million for the five branches acquired in 2019. The Noah Bank acquisition that occurred in 2023 did not generate any goodwill, but the Bank recorded $98 thousand in core deposit intangible asset. The core deposit intangible assets are being amortized over 10 years, using the sum of the year’s digits. Except as set forth below, GAAP requires that goodwill be tested for impairment annually (with the Company’s 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, 2023 $ 8,853 $ 1,422 Acquisition of Cornerstone Bank $ 5,528 $ 2,812 Amortization expense —  (374 ) Balance at September 30, 2024 $ 14,381 $ 3,860 As of September 30, 2024, the remaining current fiscal year and future fiscal periods amortization for the core deposit intangible is (in thousands): 2024 228 2025 847 2026 717 2027 587 2028 457 Thereafter 1,024 Total $ 3,860

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 11 – Subsequent Events On October 22, 2024, the Board of Directors declared a cash dividend of $0.30 per share of common stock to shareholders of record on November 5, 2024, payable on November 28, 2024.

Risk and Uncertainties

Risk and Uncertainties	9 Months Ended
	Sep. 30, 2024
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 have ended, and the nation’s economy has entered an inflationary phase. The Consumer Price Index has risen to 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. Regional conflicts around the world, including between Russia and Ukraine, have 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
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 the Bank’s 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 September 30, 2024. 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.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted The Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07 2023-07 In December 2023, the FASB issued ASU No. 2023-09, ASU 2023-06,

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combinations [Abstract]
Summary of purchase price calculation and bargain purchase gain	The following table summarizes the purchase price calculation and goodwill resulting from acquisition: Fair Value Purchase Price Consideration in Cash for Cornerstone Financial Corporation’s Outstanding Shares Cornerstone Financial Corporation number of common shares outstanding 2,191,999 Exchange ratio 0.240 Princeton Bancorp, Inc shares issued 525,946 Value assigned to Cornerstone Financial Corporation common shares $ 38.09 Purchase price assigned to Cornerstone Financial Corporation common shares exchanged for Princeton Bancorp, Inc common stock $ 20,033 Assets Acquired: Cash and cash equivalents $ 7,866 Securities available-for-sale 13,972 Loans receivable, net of allowance 255,496 Core deposit intangible 2,812 Premises and equipment 3,507 Operating leases right-of-use 1,259 Deferred tax assets 7,427 Other assets 11,137 Fair value of assets acquired 303,476 Liabilities Assumed: Deposits 282,757 Operating lease liability 1,259 Other liabilities assumed 4,955 Fair value of liabilities assumed 288,971 Total identifiable net assets 14,505 Goodwill $ 5,528

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Summary of earnings per share	The following schedule presents earnings per share data for the three-month periods ended September 30, 2024, and 2023 (in thousands, except per share data): Three months ended September 30, 2024 2023 Net income (loss) applicable to common stock $ (4,456 ) $ 7,598 Weighted average number of common shares outstanding 6,573 6,295 Basic earnings (loss) per share $ (0.68 ) $ 1.21 Net (loss) income applicable to common stock $ (4,456 ) $ 7,598 Weighted average number of common shares outstanding 6,573 6,295 Dilutive effect on common shares outstanding 1 —  95 Weighted average number of diluted common shares outstanding 6,573 6,390 Diluted earnings (loss) per share $ (0.68 ) $ 1.19 1 Dilutive effect on common shares outstanding not taken into consideration during the three months ended September 30, 2024 due to net (loss) recognized. The following schedule presents earnings per share data for the nine-month periods ended September 30, 2024, and 2023 (in thousands, except per share data): Nine months ended September 30, 2024 2023 Net income applicable to common stock $ 5,015 $ 20,483 Weighted average number of common shares outstanding 6,412 6,275 Basic earnings per share $ 0.78 $ 3.26 Net income applicable to common stock $ 5,015 $ 20,483 Weighted average number of common shares outstanding 6,412 6,275 Dilutive effect on common shares outstanding 84 105 Weighted average number of diluted common shares outstanding 6,496 6,380 Diluted earnings per share $ 0.77 $ 3.21
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 average estimated fair value of our common stock for the three-and nine-months period ended September 30, 2024, and 2023. Although the options exercised average price for the three-months ended September 30, 2024, fell below the fair value of our common stock, the options are considered anti-dilutive due to the net (loss) recognized for the three-months period ended September 30, 2024: Three months ended September 30, 2024 2023 Weighted Ave Weighted Ave Options Exercise Price Options Exercise Price Options to purchase —  $ —  276,704 $ 19.56 Anti-dilutive 287,659 $ 26.04 95,750 $ 32.45 Nine months ended September 30, 2024 2023 Weighted Ave Weighted Ave Options Exercise Price Options Exercise Price Options to purchase 309,984 $ 25.21 280,732 $ 19.49 Anti-dilutive —  —  95,750 $ 32.45

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In thousands) Available-for-sale Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 135,032 $ 763 $ (5,304 ) $ 130,491 U.S. government agency securities 11,260 45 (837 ) 10,468 Obligations of state and political subdivisions 43,897 11 (2,921 ) 40,987 Small business association (SBA) securities 2,072 10 (2 ) 2,080 U.S. treasury securities 4,818 15 —  4,833 Total $ 197,079 $ 844 $ (9,064 ) $ 188,859 December 31, 2023 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In thousands) Available-for-sale Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 48,399 $ 219 $ (5,984 ) $ 42,634 U.S. government agency securities 6,260 —  (969 ) 5,291 Obligations of state and political subdivisions 44,059 12 (3,262 ) 40,809 Small business association (SBA) securities 2,617 2 (1 ) 2,618 Total $ 101,335 $ 233 $ (10,216 ) $ 91,352
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 (In thousands) September 30, 2024 Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 19,131 $ (70 ) $ 31,318 $ (5,234 ) $ 50,449 $ (5,304 ) U.S. government agency securities —  —  5,423 (837 ) 5,423 (837 ) Obligations of state and political subdivisions 250 —  35,528 (2,921 ) 35,778 (2,921 ) Small business association (SBA) securities —  —  486 (2 ) 486 (2 ) Total $ 19,381 $ (70 ) $ 72,755 $ (8,994 ) $ 92,136 $ (9,064 ) Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) December 31, 2023 Mortgage-backed securities - U.S. government sponsored enterprises (GSEs) $ 2,858 $ (14 ) $ 31,398 $ (5,970 ) $ 34,256 $ (5,984 ) U.S. government agency securities —  —  5,291 (969 ) 5,291 (969 ) Obligations of state and political subdivisions 5,117 (102 ) 30,646 (3,160 ) 35,763 (3,262 ) Small business association (SBA) securities 723 (1 ) —  —  723 (1 ) $ 8,698 $ (117 ) $ 67,335 $ (10,099 ) $ 76,033 $ (10,216 )
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 $ 2,920 $ 2,923 Due after one year through five years 7,611 7,589 Due after five years through ten years 40,308 38,063 Due after ten years 9,136 7,713 Mortgage-backed securities (GSEs) 135,032 130,491 Small business association (SBA) securities 2,072 2,080 $ 197,079 $ 188,859

Loans Receivable (Tables)

Loans Receivable (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Summary of loans receivable net	Loans receivable, net at September 30, 2024 and December 31, 2023 were comprised of the following: September 30, December 31, 2024 2023 (In thousands) Commercial real estate $ 1,391,245 $ 1,142,864 Commercial and industrial 93,782 50,961 Construction 258,332 310,187 Residential first-lien mortgage 70,389 38,040 Home equity/consumer 19,406 8,081 Total loans 1,833,154 1,550,133 Deferred fees and costs (1,747 ) (1,798 ) Loans, net $ 1,831,407 $ 1,548,335
Summary of components of allowance for credit losses	The following table presents the components of the allowance for credit losses: September 30, December 31, (In thousands) Allowance for credit losses - loans $ (23,200 ) $ (18,492 ) Allowance for credit losses - off balance sheet (464 ) (589 ) $ (23,664 ) $ (19,081 )
Summary of nonaccrual loans by segment of loan portfolio	The following table presents nonaccrual loans by segment of the loan portfolio as of September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 With a Without a With a Without a Related Related Related Related Allowance Allowance Allowance Allowance (In thousands) Commercial real estate $ —  $ 1,279 $ —  $ 4,485 Commercial and industrial 28 548 —  2,116 Construction —  —  —  —  Residential first-lien mortgage —  479 —  107 Home equity/consumer —  —  —  —  Total nonaccrual loans $ 28 $ 2,306 $ —  $ 6,708
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 September 30, 2024: 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 $ 24,054 $ 4,391 $ 1,279 $ 29,724 $ 1,361,521 $ 1,391,245 $ —  Commercial and industrial 401 2,222 576 3,199 90,583 93,782 —  Construction —  —  —  —  258,332 258,332 —  Residential first-lien mortgage 400 —  479 879 69,510 70,389 —  Home equity/consumer 67 —  —  67 19,339 19,406 —  Total $ 24,922 $ 6,613 $ 2,334 $ 33,869 $ 1,799,285 $ 1,833,154 $ —  The following table presents the segments of the loan portfolio summarized by the past due status as of December 31, 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 $ 159 $ —  $ 4,485 $ 4,644 $ 1,138,220 $ 1,142,864 $ —  Commercial and industrial 303 —  2,116 2,419 48,542 50,961 —  Construction —  —  —  —  310,187 310,187 —  Residential first-lien mortgage —  —  107 107 37,933 38,040 —  Home equity/consumer 29 —  —  29 8,052 8,081 —  Total $ 491 $ —  $ 6,708 $ 7,199 $ 1,542,934 $ 1,550,133 $ —
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 September 30, 2024. Gross charge-offs are included for the nine months ended September 30, 2024. 2024 2023 2022 2021 2020 Prior Revolving Total (Dollars in thousands) Commercial real estate Pass $ 112,403 $ 168,841 $ 305,533 $ 135,130 $ 75,353 $ 578,291 $ 7,551 $ 1,383,102 Special mention —  —  —  —  —  6,864 —  6,864 Substandard —  —  —  —  —  1,279 —  1,279 Total commercial real estate 112,403 168,841 305,533 135,130 75,353 586,434 7,551 1,391,245 Current period gross charge-offs 237 237 Commercial and industrial Pass 14,447 6,448 7,909 10,612 269 18,461 21,622 79,768 Special mention —  —  —  —  —  1,334 —  1,334 Substandard —  —  —  —  —  12,680 —  12,680 Total commercial and industrial 14,447 6,448 7,909 10,612 269 32,475 21,622 93,782 Current period gross charge-offs 408 408 Construction Pass 6,057 8,826 30,385 59,502 6,196 104 147,114 258,184 Special mention —  —  —  —  —  —  —  —  Substandard —  —  —  —  —  148 —  148 Total construction 6,057 8,826 30,385 59,502 6,196 252 147,114 258,332 Residential first-lien mortgage Performing 607 1,909 6,004 5,654 3,003 52,733 —  69,910 Nonperforming —  —  —  —  —  479 —  479 Total residential first-lien mortgage 607 1,909 6,004 5,654 3,003 53,212 —  70,389 Home equity/consumer Performing 1,123 1,005 1,045 277 81 1,602 14,251 19,384 Nonperforming —  —  —  —  —  22 —  22 Total home equity/consumer 1,123 1,005 1,045 277 81 1,624 14,251 19,406 Total Pass 134,637 187,029 350,876 211,175 84,902 651,191 190,538 1,810,348 Special mention —  —  —  —  —  8,198 —  8,198 Substandard —  —  —  —  —  14,608 —  14,608 Total loans $ 134,637 $ 187,029 $ 350,876 $ 211,175 $ 84,902 $ 673,997 $ 190,538 $ 1,833,154 The following table summarizes total loans by year of origination, internally assigned credit grades and risk characteristics as of December 31, 2023. Gross charge-offs are included for the year-ended December 31, 2023. 2023 2022 2021 2020 2019 Prior Revolving Total (Dollars in thousands) Commercial real estate Pass $ 132,834 $ 233,436 $ 116,836 $ 53,574 $ 175,991 $ 417,417 $ 5,551 $ 1,135,639 Special mention —  —  —  —  —  2,740 —  2,740 Substandard —  —  —  —  —  4,485 —  4,485 Total commercial real estate 132,834 233,436 116,836 53,574 175,991 424,642 5,551 1,142,864 Current period gross charge-offs 1,718 1,718 Commercial and industrial Pass 2,098 2,304 11,925 1,962 1,133 13,954 15,045 48,421 Special mention —  —  —  —  —  500 —  500 Substandard —  —  —  —  —  2,040 —  2,040 Total commercial and industrial 2,098 2,304 11,925 1,962 1,133 16,494 15,045 50,961 Current period gross charge-offs 55 55 Construction Pass 5,832 18,379 91,774 19,216 —  8,484 166,502 310,187 Special mention —  —  —  —  —  —  —  —  Substandard —  —  —  —  —  —  —  —  Total construction 5,832 18,379 91,774 19,216 —  8,484 166,502 310,187 Current period gross charge-offs 148 148 Residential first-lien mortgage Performing —  979 4,792 2,839 1,545 27,778 —  37,933 Nonperforming —  —  —  —  —  107 —  107 Total residential first-lien mortgage —  979 4,792 2,839 1,545 27,885 —  38,040 Current period gross charge-offs 2 2 Home equity/consumer Performing 1,153 1,016 1,172 —  —  1,606 3,134 8,081 Nonperforming —  —  —  —  —  —  —  —  Total home equity/consumer 1,153 1,016 1,172 —  —  1,606 3,134 8,081 Total Pass/performing 141,917 256,114 226,499 77,591 178,669 469,239 190,232 1,540,261 Special mention —  —  —  —  —  3,240 —  3,240 Substandard /nonperforming —  —  —  —  —  6,632 —  6,632 Total loans $ 141,917 $ 256,114 $ 226,499 $ 77,591 $ 178,669 $ 479,111 $ 190,232 $ 1,550,133
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 September 30, 2024: Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Total (In thousands) Allowance for credit losses: Beginning balance $ 16,623 $ 377 $ 744 $ 660 $ 60 $ 18,464 Purchased non-credit 1 2,106 15 546 271 214 3,152 Purchased credit deteriorated loans 110 4 11 13 16 154 Provision (reversal) 1 1,482 867 (699 ) 8 (122 ) 1,536 Charge-offs 1 (279 ) —  —  —  (278 ) Recoveries 3 134 35 —  —  172 Total $ 20,325 $ 1,118 $ 637 $ 952 $ 168 $ 23,200 1 The provision for credit losses on the Consolidated Statement of Income is $4.6 million comprising of an increase of $3.2 million related to purchased non-credit deteriorated loans acquired, $ The following table presents the allowance for credit losses on loans receivable at and for the nine months ended September 30, 2024: Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Total (In thousands) Allowance for credit losses: Beginning balance $ 16,047 $ 488 $ 1,145 $ 725 $ 87 $ 18,492 Purchased non-credit 1 2,106 15 546 271 214 3,152 Purchased credit deteriorated loans 110 4 11 13 16 154 Provision (reversal) 1 2,219 756 (1,100 ) (57 ) (149 ) 1,669 Charge-offs (236 ) (409 ) —  —  —  (645 ) Recoveries 79 264 35 —  —  378 Total $ 20,325 $ 1,118 $ 637 $ 952 $ 168 $  23,200 1 The provision for credit losses on the Consolidated Statement of Income is $4.7 million comprising of an increase of $3.2 million related to purchased non-credit deteriorated loans acquired, $ The following table presents the allowance for credit losses on loans receivable at and for the three months ended September 30, 2023: Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Total (In thousands) Allowance for loan losses: Beginning balance $ 12,123 $ 407 $ 4,529 $ 661 $ 250 $ 17,970 Provision (reversal) 1 3,301 (81 ) (3,219 ) 160 (161 ) —  Charge-offs —  —  —  —  —  —  Recoveries 4 18 —  —  —  22 Total $ 15,428 $ 344 $ 1,310 $ 821 $ 89 $ 17,992 1 The reversal of credit losses on the Consolidated Statement of Income is $182 thousand comprising of a $182 reduction to the reserve for unfunded liabilities. The following table presents the allowance for credit losses on loans receivable at and for the nine months ended September 30, 2023: Commercial Residential Commercial and first-lien Home equity/ real estate industrial Construction mortgage consumer Unallocated Total (In thousands) Allowance for loan 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 499 102 —  —  —  —  601 Provision (reversal) 1 4,994 (84 ) (3,562 ) 143 (151 ) —  1,340 Charge-offs (1,718 ) —  (148 ) (2 ) —  —  (1,868 ) Recoveries 29 23 —  —  —  —  52 Total $ 15,428 $ 344 $ 1,310 $ 821 $ 89 $ —  $ 17,992 1 The provision for credit losses on the Consolidated Statement of Income is $2.5 million comprising of $1.7 million related to non-PCD

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2024
Deposits [Abstract]
Summary of components of deposits	The components of deposits were as follows: September 30, 2024 December 31, 2023 (Dollars in thousands) Demand, non-interest-bearing $ 302,846 14.80 % $ 249,282 15.24 % Demand, interest-bearing checking 284,504 13.91 % 247,939 15.16 % Savings 178,299 8.71 % 146,484 8.96 % Money market 493,353 24.11 % 354,005 21.64 % Time deposits, $250,000 and over 213,310 10.43 % 173,614 10.61 % Time deposits, other 573,689 28.04 % 464,417 28.39 % $ 2,046,001 100.00 % $ 1,635,741 100.00 %

Fair Value Measurements and D_2

Fair Value Measurements and Disclosure (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 were as follows: (Level 1) Quoted Price (Level 2) in Active Significant (Level 3) Total Fair Markets for Other Significant Value Identical Observable Unobservable September 30, Description Assets Inputs Inputs 2024 (In thousands) Mortgage-backed securities - $ —  $ 130,491 $ —  $ 130,491 U.S. government agency securities —  10,468 —  10,468 Obligations of state and political subdivisions —  40,987 —  40,987 Small Business Association (SBA) securities —  2,080 —  2,080 U.S. treasury securities 4,833 —  —  4,833 Securities available-for-sale $  4,833 $ 184,026 $ —  $ 188,859 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, 2023 were as follows: (Level 1) Quoted Price (Level 2) in Active Significant (Level 3) Total Fair Markets for Other Significant Value Identical Observable Unobservable December 31, Description Assets Inputs Inputs 2023 (In thousands) Mortgage-backed securities - $ —  $ 42,634 $ —  $ 42,634 U.S. government agency securities 5,291 —  5,291 Obligations of state and political subdivisions —  40,809 —  40,809 Small Business Association (SBA) securities —  2,618 —  2,618 Securities available-for-sale $ —  $ 91,352 $ —  $  91,352
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 December 31, 2023, were as follows: (Level 1) Quoted Price (Level 2) in Active Significant (Level 3) Total Fair Markets for Other Significant Value Identical Observable Unobservable December 31 Description Assets Inputs Inputs 2023 (In thousands) Collateral dependent loan $ —  $ —  $ 4,485 $ 4,485 $ —  $ —  $ 4,485 $ 4,485
Summary Of Quantitative Information Using Level 3 Fair Value Measurements	The following table presents quantitative information using Level 3 fair value measurements at December 31, 2023. Range December 31, Valuation Unobservable (Weighted Description 2023 Technique Input Average) (Dollars in thousands) Collateral dependent loan $ 4,485 Collateral 1 Discount adjustment 0.0 % (0.0%) 1 Value based on third party offer to purchase note from the Bank.
Summary Of Carrying Amounts And Estimated Fair Value Of Financial Instruments	The carrying amounts and estimated fair value of financial instruments at September 30, 2024 are as follows: September 30, 2024 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash and cash equivalents $ 181,058 $ 181,058 $ 181,058 $ —  $ —  Securities available-for-sale 188,859 188,859 —  188,859 —  Securities held-to-maturity 163 164 —  164 —  Loans receivable, net 1,808,207 1,819,217 —  —  1,819,217 Restricted investments in bank stock 2,075 2,075 —  2,075 —  Accrued interest receivable 8,203 8,203 —  8,203 —  Equity method investments 10,042 10,042 —  6,100 3,942 Mortgage servicing rights 1,115 1,115 —  1,115 —  Financial Liabilities: Deposits $ 2,046,001 1,988,165 $ —  $ 1,988,165 $ —  Accrued interest payable 14,340 14,340 —  14,340 —  The carrying amounts and estimated fair value of financial instruments at December 31, 2023 are as follows: December 31, 2023 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 150,557 $ 150,557 $ 150,557 $ —  $ —  Securities available-for-sale 91,352 91,352 —  91,352 —  Securities held-to-maturity 193 192 —  192 —  Loans receivable, net 1,529,843 1,425,814 —  —  1,425,814 Restricted investments in bank stock 1,410 1,410 —  1,410 —  Accrued interest receivable 6,089 6,089 —  6,089 —  Equity method investments 8,296 8,296 —  5,900 2,396 Mortgage servicing rights 1,562 1,562 —  1,562 —  Financial Liabilities: Deposits $ 1,635,741 $ 1,581,762 $ —  $ 1,581,762 $ —  Accrued interest payable 9,162 9,162 —  9,162 —

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
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 Nine Months Ended Twelve Months Ended Condition Location September 30, 2024 December 31, 2023 (In thousands) Operating Lease Right of Use Asset: Gross carrying amount $ 23,398 $ 16,026 Increased asset from new leases 3,066 9,799 Accumulated amortization (3,836 ) (2,427 ) Net book value Operating lease right-of-use asset $ 22,628 $ 23,398 Operating Lease Liability: Lease liability Operating lease liability $ 23,626 $ 24,280
Summary of lease cost	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Lease cost: Operating lease $ 1,030 $ 1,194 $ 2,993 $ 2,789 Short-term lease cost 27 31 92 96 Total lease cost $ 1,057 $ 1,225 $ 3,085 $ 2,885 Other information: Cash paid for amounts included in the measurement of lease liabilities $ 890 $ 898 $ 2,641 $ 2,179
Summary of lessee operating lease liability maturity	Future minimum payments under operating leases with terms longer than 12 months are as follows at September 30, 2024 (in thousands): Twelve months ended September 30, 2024 $ 3,503 2025 3,373 2026 3,136 2027 2,932 2028 2,439 Thereafter 14,617 Total future operating lease payment 30,000 Amounts representing interest (6,374 ) Present value of net future lease payments $ 23,626

Goodwill and Core Deposit Int_2

Goodwill and Core Deposit Intangible (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2023 $ 8,853 $ 1,422 Acquisition of Cornerstone Bank $ 5,528 $ 2,812 Amortization expense —  (374 ) Balance at September 30, 2024 $ 14,381 $ 3,860
Summary of future fiscal periods amortization for the core deposit intangible	As of September 30, 2024, the remaining current fiscal year and future fiscal periods amortization for the core deposit intangible is (in thousands): 2024 228 2025 847 2026 717 2027 587 2028 457 Thereafter 1,024 Total $ 3,860

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2024 Integer	Aug. 23, 2024	May 19, 2023	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				35
Number of employees	246
Number of full time employees	244
Noah Bank [Member]
Description Of Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock acquired			100%
Cornerstone Bank [Member]
Description Of Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of outstanding common stock acquired		100%
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, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Aug. 23, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Cornerstone Financial Corporation number of common shares outstanding	6,848,948	6,848,948			6,299,331
Princeton Bancorp, Inc shares issued	525,946	525,946
Purchase price assigned to Cornerstone Financial Corporation common shares exchanged for Princeton Bancorp, Inc common stock	$ 20,033	$ 20,033
Liabilities Assumed:
Goodwill	$ 14,381	$ 14,381			$ 8,853
Cornerstone Financial Corporation [Member]
Business Acquisition [Line Items]
Cornerstone Financial Corporation number of common shares outstanding	2,191,999	2,191,999
Exchange ratio		0.24%
Assets Acquired:
Cash and cash equivalents	$ 7,866	$ 7,866
Securities available-for-sale	13,972	13,972
Loans receivable, net of allowance	255,496	255,496
Core deposit intangible	2,812	2,812
Premises and equipment	3,507	3,507
Operating leases right-of-use	1,259	1,259
Deferred tax assets	7,427	7,427		$ 7,400
Other assets	11,137	11,137
Fair value of assets acquired	303,476	303,476
Liabilities Assumed:
Deposits	282,757	282,757
Operating lease liability	1,259	1,259
Other liabilities assumed	4,955	4,955
Fair value of liabilities assumed	288,971	288,971
Total identifiable net assets	14,505	14,505
Goodwill	$ 5,528	$ 5,528		$ 5,500
Princeton Bancorp, Inc [Member] | Cornerstone Financial Corporation [Member]
Business Acquisition [Line Items]
Princeton Bancorp, Inc shares issued			525,946
Value assigned to Cornerstone Financial Corporation common shares	$ 38.09	$ 38.09
Purchase price assigned to Cornerstone Financial Corporation common shares exchanged for Princeton Bancorp, Inc common stock		$ 20,033

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Aug. 23, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill		$ 14,381		$ 14,381		$ 8,853
Provision for loan lease and other losses		4,601	$ (182)	4,669	$ 2,546
Purchased credit deteriorated loans		154		154	$ 601
Business combination acquired receivable allowance for credit loss	$ 3,200
Bank-owned life insurance		$ 68,757		68,757		$ 58,860
Core deposit intangible				2,812
Valuation adjustment of time deposits				$ 252
Maturity of time deposits		5 years		5 years
Cornerstone Financial Corporation [Member]
Business Acquisition [Line Items]
Percentage of outstanding common stock acquired	100%
Exchange ratio				0.24%
Goodwill	$ 5,500	$ 5,528		$ 5,528
Business acquisition merger related expenses	7,800
Provision for loan lease and other losses	3,200
Purchased credit deteriorated loans				154
Fair value of investment securities from business combination	13,900
Fair value of acquired receivable from business combination	255,500
Bank-owned life insurance	8,700
Deferred tax assets	7,400	$ 7,427		$ 7,427
Business combination fair value of premises and equipment acquired	3,500
Core deposit intangible	2,800
Business combination fair value of operating lease right-of-use assets acquired	$ 1,300
Cornerstone Financial Corporation [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Exchange ratio	0.24%
Business acquisition per share value	$ 9.14
Business acquisition share price	$ 38.09
Cornerstone Financial Corporation [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Business Acquisition [Line Items]
Fair value of acquired receivable from business combination	$ 16,700
Business combination acquired receivable allowance for credit loss	154
Cornerstone Financial Corporation [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Performing Financial Instruments [Member]
Business Acquisition [Line Items]
Fair value of acquired receivable from business combination	13,800
Cornerstone Financial Corporation [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Nonperforming Financial Instruments [Member]
Business Acquisition [Line Items]
Fair value of acquired receivable from business combination	2,900
Cornerstone Financial Corporation [Member] | Severance Payments [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	3,200
Cornerstone Financial Corporation [Member] | Termination Of The Corporate Headquarters Lease [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	1,500
Cornerstone Financial Corporation [Member] | Termination Of Data Processing [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	1,500
Cornerstone Financial Corporation [Member] | Legal Expense [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	615
Cornerstone Financial Corporation [Member] | Investment Banker Services [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	330
Cornerstone Financial Corporation [Member] | Other Professional Services [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	416
Cornerstone Financial Corporation [Member] | Other Miscellaneous Expenses [Member]
Business Acquisition [Line Items]
Business acquisition merger related expenses	$ 305

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income (loss) applicable to common stock	$ (4,456)	$ 7,598	$ 5,015	$ 20,483
Weighted average number of common shares outstanding	6,573,000	6,295,000	6,412,000	6,275,000
Basic earnings (loss) per share	$ (0.68)	$ 1.21	$ 0.78	$ 3.26
Dilutive effect on common shares outstanding	0	95	84	105
Weighted average number of diluted common shares outstanding	6,573	6,390	6,496	6,380
Diluted earnings (loss) per share	$ (0.68)	$ 1.19	$ 0.77	$ 3.21

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Line Items]
Number of shares	0	95	84	105
Option [Member]
Earnings Per Share [Line Items]
Number of shares	0	276,704	309,984	280,732
Number of shares excluded	287,659	95,750	0	95,750
Option [Member] | Employee Stock Option One [Member]
Earnings Per Share [Line Items]
Weighted average exercise price	$ 0	$ 19.56	$ 25.21	$ 19.49
Weighted average exercise price excluded	$ 26.04	$ 32.45	$ 0	$ 32.45

Investment Securities - Additio

Investment Securities - Additional Information (Detail) $ in Thousands	Sep. 30, 2024 USD ($) Securities	Dec. 31, 2023 USD ($)
Marketable Securities [Line Items]
Number of securities less than 12 months | Securities	6
Number of securities more than 12 months | Securities	168
Unrealized losses securities more than 12 months	$ 8,994	$ 10,099
Securities pledged as collateral	$ 0	$ 0
Number of investment securities | Securities	264
Municipal Securities [Member]
Marketable Securities [Line Items]
Number of securities more than 12 months | Securities	106
Unrealized losses securities more than 12 months	$ 35,500
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 2,900
Mortgage-backed securities [Member]
Marketable Securities [Line Items]
Number of securities more than 12 months | Securities	54
Unrealized losses securities more than 12 months	$ 31,300
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 5,200
Agency Securities [Member]
Marketable Securities [Line Items]
Number of securities more than 12 months | Securities	4
Unrealized losses securities more than 12 months	$ 5,400
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 837
Mortgage-Backed Securities, Issued by Private Enterprises [Member]
Marketable Securities [Line Items]
Number of securities more than 12 months | Securities	4
Unrealized losses securities more than 12 months	$ 486
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 2

Investment Securities - Summary

Investment Securities - Summary of Amortized Cost and Estimated Fair Value (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	$ 197,079	$ 101,335
Gross Unrealized Gains	844	233
Gross Unrealized Losses	(9,064)	(10,216)
Fair value	188,859	91,352
Mortgage-backed securities - U.S. Government Sponsored Enterprises (GSEs) [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	135,032	48,399
Gross Unrealized Gains	763	219
Gross Unrealized Losses	(5,304)	(5,984)
Fair value	130,491	42,634
U.S. government agency securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	11,260	6,260
Gross Unrealized Gains	45	0
Gross Unrealized Losses	(837)	(969)
Fair value	10,468	5,291
Obligations of state and political subdivisions [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	43,897	44,059
Gross Unrealized Gains	11	12
Gross Unrealized Losses	(2,921)	(3,262)
Fair value	40,987	40,809
Small business association (SBA) securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	2,072	2,617
Gross Unrealized Gains	10	2
Gross Unrealized Losses	(2)	(1)
Fair value	2,080	$ 2,618
US Treasury Securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	4,818
Gross Unrealized Gains	15
Gross Unrealized Losses	0
Fair value	$ 4,833

Investment Securities - Summa_2

Investment Securities - Summary of Fair Value of Available For Sale Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities Available For Sale Unrealized Loss Position Fair Value [Line Items]
Less than 12 Months Fair Value	$ 19,381	$ 8,698
Less than 12 Months Unrealized Losses	(70)	(117)
More than 12 Months Fair Value	72,755	67,335
More than 12 Months Unrealized Losses	(8,994)	(10,099)
Fair Value	92,136	76,033
Unrealized Losses	(9,064)	(10,216)
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	19,131	2,858
Less than 12 Months Unrealized Losses	(70)	(14)
More than 12 Months Fair Value	31,318	31,398
More than 12 Months Unrealized Losses	(5,234)	(5,970)
Fair Value	50,449	34,256
Unrealized Losses	(5,304)	(5,984)
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	5,423	5,291
More than 12 Months Unrealized Losses	(837)	(969)
Fair Value	5,423	5,291
Unrealized Losses	(837)	(969)
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	250	5,117
Less than 12 Months Unrealized Losses	0	(102)
More than 12 Months Fair Value	35,528	30,646
More than 12 Months Unrealized Losses	(2,921)	(3,160)
Fair Value	35,778	35,763
Unrealized Losses	(2,921)	(3,262)
Small business association (SBA) securities [Member]
Debt Securities Available For Sale Unrealized Loss Position Fair Value [Line Items]
Less than 12 Months Fair Value	0	723
Less than 12 Months Unrealized Losses	0	(1)
More than 12 Months Fair Value	486	0
More than 12 Months Unrealized Losses	(2)	0
Fair Value	486	723
Unrealized Losses	$ (2)	$ (1)

Investment Securities - Summa_3

Investment Securities - Summary of Securities Available For Sale By Contractual Maturity (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	$ 197,079	$ 101,335
Fair value due in one year or less	19,381	8,698
Fair value due after one year through five years	72,755	67,335
Fair value	188,859	91,352
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	2,920
Amortized cost due after one year through five years	7,611
Amortized cost due after five years through ten years	40,308
Amortized cost due after ten years	9,136
Amortized cost	197,079
Fair value due in one year or less	2,923
Fair value due after one year through five years	7,589
Fair value due after five years through ten years	38,063
Fair value due after ten years	7,713
Fair value	188,859
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	135,032	48,399
Fair value due in one year or less	19,131	2,858
Fair value due after one year through five years	31,318	31,398
Fair value	130,491	42,634
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	135,032
Fair value	130,491
Small business association (SBA) securities [Member]
Available For Sale Securities Amortized Cost and Debt Maturities Fair Value [Line Items]
Amortized cost	2,072	2,617
Fair value due in one year or less	0	723
Fair value due after one year through five years	486	0
Fair value	2,080	$ 2,618
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	2,072
Fair value	$ 2,080

Loans Receivable - Additional I

Loans Receivable - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($) Loan	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($) Loan	Dec. 31, 2023 USD ($) Loan
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Number of loans | Loan	10		10		9
Troubled debt restructuring	$ 2,300		$ 2,300		$ 6,700
Payments to Acquire Loans Receivable	$ 0	$ 0	0	$ 0
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			692	$ 366
Loans Receivable [Member]
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Accrued Interest Receivable			$ 7,100		$ 5,500
Performing [Member]
Schedule Of Activity Relating To Amount Due From Related Party [Line Items]
Number of loans | Loan	0	0	0	0

Loans Receivable - Summary of L

Loans Receivable - Summary of Loans Receivable Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1,833,154	$ 1,550,133
Deferred fees and costs	(1,747)	(1,798)
Loans, net	1,831,407	1,548,335
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,391,245	1,142,864
Commercial and industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	93,782	50,961
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	258,332	310,187
Residential first-lien mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	70,389	38,040
Home equity/consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 19,406	$ 8,081

Loans Receivable - Summary of c

Loans Receivable - Summary of components of allowance for credit losses (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - loans	$ (23,200)	$ (18,464)	$ (18,492)	$ (17,992)	$ (17,970)	$ (16,461)
Allowance for credit losses - off balance sheet	(464)		(589)
Allowance for credit losses	$ (23,664)		$ (19,081)

Loans Receivable - Summary of N

Loans Receivable - Summary of Nonaccrual Loans by Segment of Loan Portfolio (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	$ 2,306	$ 6,708
Total nonaccrual loans with a related allowance	28	0
Commercial real estate [Member]
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	1,279	4,485
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	548	2,116
Total nonaccrual loans with a related allowance	28	0
Construction [Member]
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	0	0
Total nonaccrual loans with a related allowance	0	0
Residential first-lien mortgage [Member]
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	479	107
Total nonaccrual loans with a related allowance	0	0
Home equity/consumer [Member]
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual loans without a related allowance	0	0
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	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	$ 1,799,285	$ 1,542,934
Total loans receivable	1,833,154	1,550,133
Loans receivable more than 90 days and accruing	0	0
Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	1,361,521	1,138,220
Total loans receivable	1,391,245	1,142,864
Loans receivable more than 90 days and accruing	0	0
Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	90,583	48,542
Total loans receivable	93,782	50,961
Loans receivable more than 90 days and accruing	0	0
Construction [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	258,332	310,187
Total loans receivable	258,332	310,187
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	69,510	37,933
Total loans receivable	70,389	38,040
Loans receivable more than 90 days and accruing	0	0
Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Current	19,339	8,052
Total loans receivable	19,406	8,081
Loans receivable more than 90 days and accruing	0	0
30 to 59 Days Past Due [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	24,922	491
30 to 59 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	24,054	159
30 to 59 Days Past Due [Member] | Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	401	303
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	400	0
30 to 59 Days Past Due [Member] | Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	67	29
60 to 89 Days Past Due [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	6,613	0
60 to 89 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	4,391	0
60 to 89 Days Past Due [Member] | Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	2,222	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	2,334	6,708
Greater than 90 Days [Member] | Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	1,279	4,485
Greater than 90 Days [Member] | Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	576	2,116
Greater than 90 Days [Member] | Construction [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	0
Greater than 90 Days [Member] | Residential first-lien mortgage [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	479	107
Greater than 90 Days [Member] | Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	0
Past Due [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	33,869	7,199
Past Due [Member] | Commercial real estate [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	29,724	4,644
Past Due [Member] | Commercial and industrial [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	3,199	2,419
Past Due [Member] | Construction [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	0	0
Past Due [Member] | Residential first-lien mortgage [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	879	107
Past Due [Member] | Home equity/consumer [Member]
Financing Receivable Performance and Credit Quality Indicators [Line Items]
Total	$ 67	$ 29

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	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,833,154	$ 1,550,133
Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current period gross charge-offs Prior	237	1,718
Current period gross charge-offs Total	237	1,718
Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current period gross charge-offs Prior	408	55
Current period gross charge-offs Total	408	55
Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current period gross charge-offs Prior		148
Current period gross charge-offs Total		148
Residential First lien Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Current period gross charge-offs Prior		2
Current period gross charge-offs Total		2
Loans Receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	134,637	141,917
2023 and 2022	187,029	256,114
2022 and 2021	350,876	226,499
2021 and 2020	211,175	77,591
2020 and 2019	84,902	178,669
Prior	673,997	479,111
Revolving Loans	190,538	190,232
Total	1,833,154	1,550,133
Loans Receivable [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023		0
2023 and 2022		0
2022 and 2021		0
2021 and 2020		0
2020 and 2019		0
Prior		6,632
Revolving Loans		0
Total		6,632
Loans Receivable [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	112,403	132,834
2023 and 2022	168,841	233,436
2022 and 2021	305,533	116,836
2021 and 2020	135,130	53,574
2020 and 2019	75,353	175,991
Prior	586,434	424,642
Revolving Loans	7,551	5,551
Total	1,391,245	1,142,864
Loans Receivable [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	14,447	2,098
2023 and 2022	6,448	2,304
2022 and 2021	7,909	11,925
2021 and 2020	10,612	1,962
2020 and 2019	269	1,133
Prior	32,475	16,494
Revolving Loans	21,622	15,045
Total	93,782	50,961
Loans Receivable [Member] | Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	6,057	5,832
2023 and 2022	8,826	18,379
2022 and 2021	30,385	91,774
2021 and 2020	59,502	19,216
2020 and 2019	6,196	0
Prior	252	8,484
Revolving Loans	147,114	166,502
Total	258,332	310,187
Loans Receivable [Member] | Residential First lien Mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	607	0
2023 and 2022	1,909	979
2022 and 2021	6,004	4,792
2021 and 2020	5,654	2,839
2020 and 2019	3,003	1,545
Prior	53,212	27,885
Revolving Loans	0	0
Total	70,389	38,040
Loans Receivable [Member] | Residential First lien Mortgage [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	607	0
2023 and 2022	1,909	979
2022 and 2021	6,004	4,792
2021 and 2020	5,654	2,839
2020 and 2019	3,003	1,545
Prior	52,733	27,778
Revolving Loans	0	0
Total	69,910	37,933
Loans Receivable [Member] | Residential First lien Mortgage [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 2019	0	0
Prior	479	107
Revolving Loans	0	0
Total	479	107
Loans Receivable [Member] | Home Equity Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	1,123	1,153
2023 and 2022	1,005	1,016
2022 and 2021	1,045	1,172
2021 and 2020	277	0
2020 and 2019	81	0
Prior	1,624	1,606
Revolving Loans	14,251	3,134
Total	19,406	8,081
Loans Receivable [Member] | Home Equity Loan [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	1,123	1,153
2023 and 2022	1,005	1,016
2022 and 2021	1,045	1,172
2021 and 2020	277	0
2020 and 2019	81	0
Prior	1,602	1,606
Revolving Loans	14,251	3,134
Total	19,384	8,081
Loans Receivable [Member] | Home Equity Loan [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 2019	0	0
Prior	22	0
Revolving Loans	0	0
Total	22	0
Loans Receivable [Member] | Pass [Member] | Performing Financial Instruments [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	134,637	141,917
2023 and 2022	187,029	256,114
2022 and 2021	350,876	226,499
2021 and 2020	211,175	77,591
2020 and 2019	84,902	178,669
Prior	651,191	469,239
Revolving Loans	190,538	190,232
Total	1,810,348	1,540,261
Loans Receivable [Member] | Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	112,403	132,834
2023 and 2022	168,841	233,436
2022 and 2021	305,533	116,836
2021 and 2020	135,130	53,574
2020 and 2019	75,353	175,991
Prior	578,291	417,417
Revolving Loans	7,551	5,551
Total	1,383,102	1,135,639
Loans Receivable [Member] | Pass [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	14,447	2,098
2023 and 2022	6,448	2,304
2022 and 2021	7,909	11,925
2021 and 2020	10,612	1,962
2020 and 2019	269	1,133
Prior	18,461	13,954
Revolving Loans	21,622	15,045
Total	79,768	48,421
Loans Receivable [Member] | Pass [Member] | Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	6,057	5,832
2023 and 2022	8,826	18,379
2022 and 2021	30,385	91,774
2021 and 2020	59,502	19,216
2020 and 2019	6,196	0
Prior	104	8,484
Revolving Loans	147,114	166,502
Total	258,184	310,187
Loans Receivable [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 2019	0	0
Prior	8,198	3,240
Revolving Loans	0	0
Total	8,198	3,240
Loans Receivable [Member] | Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 2019	0	0
Prior	6,864	2,740
Revolving Loans	0	0
Total	6,864	2,740
Loans Receivable [Member] | Special Mention [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 2019	0	0
Prior	1,334	500
Revolving Loans	0	0
Total	1,334	500
Loans Receivable [Member] | Special Mention [Member] | Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 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]
2024 and 2023	0
2023 and 2022	0
2022 and 2021	0
2021 and 2020	0
2020 and 2019	0
Prior	14,608
Revolving Loans	0
Total	14,608
Loans Receivable [Member] | Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 2019	0	0
Prior	1,279	4,485
Revolving Loans	0	0
Total	1,279	4,485
Loans Receivable [Member] | Substandard [Member] | Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 2019	0	0
Prior	12,680	2,040
Revolving Loans	0	0
Total	12,680	2,040
Loans Receivable [Member] | Substandard [Member] | Construction Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024 and 2023	0	0
2023 and 2022	0	0
2022 and 2021	0	0
2021 and 2020	0	0
2020 and 2019	0	0
Prior	148	0
Revolving Loans	0	0
Total	$ 148	$ 0

Loans Receivable - Summary of A

Loans Receivable - Summary of Allowance for Loan Losses On Loans Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Allowance for loan losses:
Beginning balance	$ 18,464	$ 17,970	$ 18,492	$ 16,461
CECL adoption				(301)
CECL day 1 provision				1,707
Purchased credit deteriorated loans	154		154	601
Purchased non-credit deteriorated loans	3,152		3,152
Provision (reversal)	1,536	0	1,669	1,340
Charge-offs	(278)	0	(645)	(1,868)
Recoveries	172	22	378	52
Total	23,200	17,992	23,200	17,992
Commercial real estate [Member]
Allowance for loan losses:
Beginning balance	16,623	12,123	16,047	8,654
CECL adoption				1,384
CECL day 1 provision				1,586
Purchased credit deteriorated loans	110		110	499
Purchased non-credit deteriorated loans	2,106		2,106
Provision (reversal)	1,482	3,301	2,219	4,994
Charge-offs		0	(236)	(1,718)
Charge-offs	1
Recoveries	3	4	79	29
Total	20,325	15,428	20,325	15,428
Commercial and industrial [Member]
Allowance for loan losses:
Beginning balance	377	407	488	271
CECL adoption				(73)
CECL day 1 provision				105
Purchased credit deteriorated loans	4		4	102
Purchased non-credit deteriorated loans	15		15
Provision (reversal)	867	(81)	756	(84)
Charge-offs	(279)	0	(409)	0
Recoveries	134	18	264	23
Total	1,118	344	1,118	344
Construction [Member]
Allowance for loan losses:
Beginning balance	744	4,529	1,145	6,289
CECL adoption				(1,269)
CECL day 1 provision				0
Purchased credit deteriorated loans	11		11	0
Purchased non-credit deteriorated loans	546		546
Provision (reversal)	(699)	(3,219)	(1,100)	(3,562)
Charge-offs	0	0	0	(148)
Recoveries	35	0	35	0
Total	637	1,310	637	1,310
Residential first-lien mortgage [Member]
Allowance for loan losses:
Beginning balance	660	661	725	236
CECL adoption				428
CECL day 1 provision				16
Purchased credit deteriorated loans	13		13	0
Purchased non-credit deteriorated loans	271		271
Provision (reversal)	8	160	(57)	143
Charge-offs	0	0	0	(2)
Recoveries	0	0	0	0
Total	952	821	952	821
Home equity/consumer [Member]
Allowance for loan losses:
Beginning balance	60	250	87	45
CECL adoption				195
CECL day 1 provision				0
Purchased credit deteriorated loans	16		16	0
Purchased non-credit deteriorated loans	214		214
Provision (reversal)	(122)	(161)	(149)	(151)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Total	$ 168	89	$ 168	89
Unallocated [Member]
Allowance for loan losses:
Beginning balance				966
CECL adoption				(966)
CECL day 1 provision				0
Purchased credit deteriorated loans				0
Provision (reversal)				0
Charge-offs				0
Recoveries				0
Total		$ 0		$ 0

Loans Receivable - Summary of_3

Loans Receivable - Summary of Allowance for Loan Losses On Loans Receivables (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Receivables [Abstract]
Provision for (reversal of) credit losses	$ 4,601	$ (182)	$ 4,669	$ 2,546
Purchased non-credit deteriorated loans	3,152		3,152
Allowance for loan losses	1,500		1,700
Allowance for credit loss, period increase (decrease) related to non-PCD loans.				1,700
Financing receivable allowance for credit loss not purchased with credit deterioration				1,300
Increase decrease in reserve for unfunded liabilities	$ 87	$ 182	$ 152	$ 501

Deposits - Summary of Component

Deposits - Summary of Components of Deposits (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Deposit Liability [Line Items]
Demand, non-interest-bearing checking	$ 302,846	$ 249,282
Demand, interest-bearing checking	284,504	247,939
Savings	178,299	146,484
Money market	493,353	354,005
Time deposits, $250,000 and over	213,310	173,614
Time deposits, other	573,689	464,417
Total deposits	$ 2,046,001	$ 1,635,741
Demand, non-interest-bearing checking percentage	14.80%	15.24%
Demand, interest-bearing checking percentage	13.91%	15.16%
Savings percentage	8.71%	8.96%
Money market percentage	24.11%	21.64%
Time deposits, $250,000 and over percentage	10.43%	10.61%
Time deposits other percentage	28.04%	28.39%
Total deposits percentage	100%	100%

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Borrowings outstanding	$ 0	$ 0

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	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 188,859	$ 91,352
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	188,859	91,352
Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	188,859	91,352
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	4,833
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	184,026	91,352
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	0	0
Mortgage-backed securities - U.S. government sponsored enterprise (GSEs) [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	130,491	42,634
Mortgage-backed securities - U.S. government sponsored enterprise (GSEs) [Member] | Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	130,491	42,634
Mortgage-backed securities - U.S. government sponsored enterprise (GSEs) [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value
Mortgage-backed securities - U.S. government sponsored enterprise (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	130,491	42,634
Mortgage-backed securities - U.S. government sponsored enterprise (GSEs) [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	0	0
US Government Agencies Debt Securities [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	10,468	5,291
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	10,468	5,291
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value
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	10,468	5,291
US Government Agencies Debt Securities [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	0	0
US States and Political Subdivisions Debt Securities [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	40,987	40,809
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	40,987	40,809
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value
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	40,987	40,809
US States and Political Subdivisions Debt Securities [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	0	0
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	2,080	2,618
Small Business Association (SBA) securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value
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	2,080	2,618
Small Business Association (SBA) securities [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	0	$ 0
U.S. treasury securities [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	4,833
U.S. treasury securities [Member] | Fair Value, Recurring [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	4,833
U.S. treasury securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Recurring Basis [Line Items]
Securities available-for-sale, at fair value	4,833
U.S. treasury 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	0
U.S. treasury securities [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	$ 0

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	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 1,819,217	$ 1,425,814
Fair Value, Nonrecurring [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		4,485
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		4,485
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 Using Level 3 Fair Value Measurements (Detail) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans Receivable, Fair Value Disclosure	$ 1,819,217	$ 1,425,814
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] | Collateral dependent loan [Member] | Fair Value, Inputs, Level 3 [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	Sep. 30, 2024	Dec. 31, 2023
Financial Assets: (Carrying Amount)
Cash and cash equivalents	$ 181,058	$ 150,557
Securities available-for-sale at fair value	188,859	91,352
Securities held-to-maturity	163	193
Loans receivable, net	1,808,207	1,529,843
Restricted bank stock	2,075	1,410
Accrued interest receivable	8,203	6,089
Equity method investments	10,042	8,296
Mortgage servicing rights	1,115	1,562
Financial Liabilities (Carrying Amount)
Deposits	2,046,001	1,635,741
Accrued interest payable	14,340	9,162
Financial Assets: (Fair Value)
Securities available-for-sale at fair value	188,859	91,352
Securities held-to-maturity	164	192
Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Financial Assets: (Fair Value)
Cash and cash equivalents	181,058	150,557
Securities available-for-sale at fair value	188,859	91,352
Securities held-to-maturity	164	192
Loans receivable, net	1,819,217	1,425,814
Restricted bank stock	2,075	1,410
Accrued interest receivable	8,203	6,089
Equity method investments	10,042	8,296
Mortgage servicing rights	1,115	1,562
Financial Liabilities (Fair Value)
Deposits	1,988,165	1,581,762
Accrued interest payable	14,340	9,162
Fair Value, Inputs, Level 1 [Member]
Financial Assets: (Fair Value)
Cash and cash equivalents	181,058	150,557
Fair Value, Inputs, Level 2 [Member]
Financial Assets: (Fair Value)
Securities available-for-sale at fair value	188,859	91,352
Securities held-to-maturity	164	192
Restricted bank stock	2,075	1,410
Accrued interest receivable	8,203	6,089
Equity method investments	6,100	5,900
Mortgage servicing rights	1,115	1,562
Financial Liabilities (Fair Value)
Deposits	1,988,165	1,581,762
Accrued interest payable	14,340	9,162
Fair Value, Inputs, Level 3 [Member]
Financial Assets: (Fair Value)
Loans receivable, net	1,819,217	1,425,814
Equity method investments	$ 3,942	$ 2,396

Fair Value Measurements and D_7

Fair Value Measurements and Disclosure - Additional Information (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Fair value, net asset	$ 0

Leases - Additional Information

Leases - Additional Information (Detail)	Sep. 30, 2024
Leases [Abstract]
Weighted-average remaining lease terms for operating leases	11 years
Weighted-average discount rate	3.53%

Leases - Summary of Operating L

Leases - Summary of Operating Leases of Lessee (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Gross carrying amount	$ 23,398	$ 16,026
Increased asset from new leases	3,066	9,799
Accumulated amortization	(3,836)	(2,427)
Net book value	22,628	23,398
Lease liabilities	$ 23,626	$ 24,280

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Lease cost:
Operating lease	$ 1,030	$ 1,194	$ 2,993	$ 2,789
Short-term lease cost	27	31	92	96
Total lease cost	1,057	1,225	3,085	2,885
Cash paid for amounts included in the measurement of lease liabilities	$ 890	$ 898	$ 2,641	$ 2,179

Leases - Summary of Lessee Oper

Leases - Summary of Lessee Operating Lease Liability Maturity (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Lessee, Operating Lease, Liability, to be Paid [Abstract]
Twelve months ended September 30, 2024	$ 3,503
2025	3,373
2026	3,136
2027	2,932
2028	2,439
Thereafter	14,617
Total future operating lease payment	30,000
Amounts representing interest	(6,374)
Present value of net future lease payments	$ 23,626	$ 24,280

Goodwill and Core Deposit Int_3

Goodwill and Core Deposit Intangible - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill And Intangible Assets Disclosure [Line Items]
Goodwill	$ 14,381	$ 8,853
Core deposit intangible assets	$ 3,860	$ 1,422
Percentage of fair value of reporting unit including goodwill	50%
Percentage of probability of fair value of reporting unit including goodwill	50%
Cornerstone Bank Acquisition [Member]
Goodwill And Intangible Assets Disclosure [Line Items]
Goodwill	$ 5,500
Five Branches Acquired [Member]
Goodwill And Intangible Assets Disclosure [Line Items]
Goodwill	$ 8,900
Core Deposits [Member]
Goodwill And Intangible Assets Disclosure [Line Items]
Intangible assets amortized year	10 years
Core Deposits [Member] | Noah Bank Acquisition [Member]
Goodwill And Intangible Assets Disclosure [Line Items]
Core deposit intangible assets	$ 98
Core Deposits [Member] | Cornerstone Bank Acquisition [Member]
Goodwill And Intangible Assets Disclosure [Line Items]
Core deposit intangible assets	2,800
Core Deposits [Member] | Five Branches Acquired [Member]
Goodwill And Intangible Assets Disclosure [Line Items]
Core deposit intangible assets	$ 4,200

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	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Beginning balance	$ 8,853
Core Deposit Intangible, Beginning balance	1,422
Goodwill, Acquisition of Cornerstone Bank	5,528
Core Deposit Intangible, Acquisition of Cornerstone Bank	2,812
Amortization expense	(374)
Goodwill, Ending balance	14,381
Core Deposit Intangible, Ending balance	$ 3,860

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	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2024	$ 228
2025	847
2026	717
2027	587
2028	457
Thereafter	1,024
Total	$ 3,860	$ 1,422

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] - Dividends Declared [Member]	Oct. 24, 2024 $ / shares
Subsequent Event [Line Items]
Dividends payable, amount per share	$ 0.3
Dividends payable, date to be paid	Nov. 28, 2024
Dividends payable, date of record	Nov. 05, 2024