AmeriServ Financial (ASRV) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 01, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Registrant Name	AMERISERV FINANCIAL INC /PA/
Entity Central Index Key	0000707605
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		17,058,644
COMMON STOCK
Document Information [Line Items]
Trading Symbol	ASRV
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Beneficial Unsecured Securities
Document Information [Line Items]
Trading Symbol	ASRVP
Title of 12(b) Security	Beneficial Unsecured Securities
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from depository institutions	$ 17,986,000	$ 15,642,000
Interest bearing deposits	3,214,000	2,755,000
Short-term investments	20,008,000	3,771,000
Cash and cash equivalents	41,208,000	22,168,000
Investment securities:
Available for sale, at fair value	141,716,000	141,749,000
Held to maturity (fair value $45,308 on September 30, 2020 and $41,082 on December 31, 2019)	42,636,000	39,936,000
Loans held for sale	7,587,000	4,868,000
Loans	943,246,000	883,090,000
Less: Unearned income	1,466,000	384,000
Less : Allowance for loan losses	10,284,000	9,279,000
Net loans	931,496,000	873,427,000
Premises and equipment:
Operating lease right-of-use asset	781,000	846,000
Financing lease right-of-use asset	3,024,000	3,078,000
Other premises and equipment, net	14,533,000	14,643,000
Accrued interest income receivable	5,722,000	3,449,000
Goodwill	11,944,000	11,944,000
Bank owned life insurance	39,354,000	38,916,000
Net deferred tax asset	3,216,000	3,976,000
Federal Home Loan Bank stock	4,153,000	3,985,000
Federal Reserve Bank stock	2,125,000	2,125,000
Other assets	8,636,000	6,074,000
TOTAL ASSETS	1,258,131,000	1,171,184,000
LIABILITIES
Non-interest bearing deposits	179,922,000	136,462,000
Interest bearing deposits	862,313,000	824,051,000
Total deposits	1,042,235,000	960,513,000
Short-term borrowings	5,894,000	22,412,000
Advances from Federal Home Loan Bank	74,336,000	53,668,000
Operating lease liabilities	798,000	865,000
Financing lease liabilities	3,161,000	3,163,000
Guaranteed junior subordinated deferrable interest debentures	12,966,000	12,955,000
Subordinated debt	7,528,000	7,511,000
Total borrowed funds	104,683,000	100,574,000
Other liabilities	7,844,000	11,483,000
TOTAL LIABILITIES	1,154,762,000	1,072,570,000
SHAREHOLDERS’ EQUITY
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,687,463 shares issued and 17,058,644 shares outstanding on September 30, 2020; 26,650,728 shares issued and 17,057,871 shares outstanding on December 31, 2019	267,000	267,000
Treasury stock at cost, 9,628,819 shares on September 30, 2020 and 9,592,857 shares on December 31, 2019	(83,280,000)	(83,129,000)
Capital surplus	145,965,000	145,888,000
Retained earnings	54,375,000	51,759,000
Accumulated other comprehensive loss, net	(13,958,000)	(16,171,000)
TOTAL SHAREHOLDERS’ EQUITY	103,369,000	98,614,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,258,131,000	$ 1,171,184,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
Held to maturity securities, fair value	$ 45,308	$ 41,082
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	26,687,463	26,650,728
Common stock, shares outstanding	17,058,644	17,057,871
Treasury stock, shares	9,628,819	9,592,857

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
INTEREST INCOME
Interest and fees on loans	$ 9,724,000	$ 10,737,000	$ 30,504,000	$ 32,149,000
Interest bearing deposits	4,000	6,000	11,000	19,000
Short-term investments	51,000	84,000	219,000	212,000
Investment securities:
Available for sale	1,122,000	1,265,000	3,464,000	3,898,000
Held to maturity	336,000	341,000	1,044,000	1,084,000
Total Interest Income	11,237,000	12,433,000	35,242,000	37,362,000
INTEREST EXPENSE
Deposits	1,727,000	2,895,000	6,054,000	8,492,000
Short-term borrowings	1,000	38,000	17,000	276,000
Advances from Federal Home Loan Bank	280,000	297,000	840,000	793,000
Financing lease liabilities	28,000	29,000	85,000	88,000
Guaranteed junior subordinated deferrable interest debentures	280,000	280,000	841,000	841,000
Subordinated debt	130,000	130,000	390,000	390,000
Total Interest Expense	2,446,000	3,669,000	8,227,000	10,880,000
Net Interest Income	8,791,000	8,764,000	27,015,000	26,482,000
Provision (credit) for loan losses	675,000	225,000	1,300,000	(175,000)
Net Interest Income after Provision (Credit) for Loan Losses	8,116,000	8,539,000	25,715,000	26,657,000
NON-INTEREST INCOME
Non-interest income	3,295,000	3,223,000	9,568,000	9,519,000
Net gains on loans held for sale	507,000	405,000	1,079,000	574,000
Mortgage related fees	161,000	97,000	432,000	218,000
Net realized gains on investment securities		88,000		118,000
Bank owned life insurance	161,000	131,000	438,000	388,000
Other income	665,000	622,000	1,657,000	1,865,000
Total Non-Interest Income	4,304,000	4,095,000	11,903,000	11,357,000
NON-INTEREST EXPENSE
Salaries and employee benefits	6,838,000	6,324,000	20,161,000	18,973,000
Net occupancy expense	608,000	599,000	1,885,000	1,879,000
Equipment expense	374,000	333,000	1,158,000	1,081,000
Professional fees	1,373,000	1,276,000	3,858,000	3,645,000
Supplies, postage and freight	150,000	142,000	551,000	455,000
Miscellaneous taxes and insurance	291,000	280,000	855,000	851,000
Federal deposit insurance expense	140,000		296,000	160,000
Other expense	1,333,000	1,549,000	3,982,000	4,208,000
Total Non-Interest Expense	11,107,000	10,503,000	32,746,000	31,252,000
PRETAX INCOME	1,313,000	2,131,000	4,872,000	6,762,000
Provision for income taxes	235,000	442,000	966,000	1,403,000
NET INCOME	$ 1,078,000	$ 1,689,000	$ 3,906,000	$ 5,359,000
Basic:
Net income	$ 0.06	$ 0.10	$ 0.23	$ 0.31
Average number of shares outstanding	17,059	17,278	17,051	17,443
Diluted:
Net income	$ 0.06	$ 0.10	$ 0.23	$ 0.31
Average number of shares outstanding	17,062	17,360	17,063	17,524
Wealth management fees
NON-INTEREST INCOME
Non-interest income	$ 2,604,000	$ 2,431,000	$ 7,629,000	$ 7,246,000
Service charges on deposit accounts
NON-INTEREST INCOME
Non-interest income	206,000	321,000	668,000	948,000
Other
NON-INTEREST INCOME
Non-interest income	$ 485,000	$ 471,000	$ 1,271,000	$ 1,325,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
COMPREHENSIVE INCOME
Net income	$ 1,078	$ 1,689	$ 3,906	$ 5,359
Other comprehensive income, before tax:
Pension obligation change for defined benefit plan		403	528	(1,030)
Income tax effect		(85)	(111)	216
Unrealized holding gains on available for sale securities arising during period	143	608	2,272	4,191
Income tax effect	(30)	(128)	(476)	(880)
Reclassification adjustment for gains on available for sale securities included in net income		(88)		(118)
Income tax effect		19		25
Other comprehensive income	113	729	2,213	2,404
Comprehensive income	$ 1,191	$ 2,418	$ 6,119	$ 7,763

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	COMMON STOCK	TREASURY STOCK	CAPITAL SURPLUS	RETAINED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE LOSS, NET	Total
Balance at beginning of period at Dec. 31, 2018	$ 266	$ (80,579)	$ 145,782	$ 46,733	$ (14,225)
New common shares issued for exercise of stock options			96
Treasury stock, purchased at cost		(2,166)
Stock option expense			6
Net income				5,359		$ 5,359
Cash dividend declared on common stock				(1,216)
Other comprehensive income					2,404	2,404
Balance at end of period at Sep. 30, 2019	266	(82,745)	145,884	50,876	(11,821)	102,460
Balance at beginning of period at Jun. 30, 2019	266	(81,741)	145,883	49,618	(12,550)
Treasury stock, purchased at cost		(1,004)
Stock option expense			1
Net income				1,689		1,689
Cash dividend declared on common stock				(431)
Other comprehensive income					729	729
Balance at end of period at Sep. 30, 2019	266	(82,745)	145,884	50,876	(11,821)	102,460
Effect of adoption of revenue recognition standard – ASC Topic 606						51,759
Balance at beginning of period at Dec. 31, 2019	267	(83,129)	145,888	51,759	(16,171)	98,614
New common shares issued for exercise of stock options			75
Treasury stock, purchased at cost		(151)
Stock option expense			2
Net income				3,906		3,906
Cash dividend declared on common stock				(1,290)
Other comprehensive income					2,213	2,213
Balance at end of period at Sep. 30, 2020	267	(83,280)	145,965	54,375	(13,958)	103,369
Balance at beginning of period at Jun. 30, 2020	267	(83,280)	145,965	53,723	(14,071)
Net income				1,078		1,078
Cash dividend declared on common stock				(426)
Other comprehensive income					113	113
Balance at end of period at Sep. 30, 2020	$ 267	$ (83,280)	$ 145,965	$ 54,375	$ (13,958)	103,369
Effect of adoption of revenue recognition standard – ASC Topic 606						$ 54,375

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
COMMON STOCK
New common shares issued for exercise of stock options, shares			36,735	38,917
TREASURY STOCK
Treasury stock, purchased at cost, shares		237,641	35,962	511,506
CAPITAL SURPLUS
New common shares issued for exercise of stock options, shares			36,735	38,917
RETAINED EARNINGS
Cash dividend declared per common share	$ 0.025	$ 0.025	$ 0.075	$ 0.070

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
OPERATING ACTIVITIES
Net income	$ 3,906,000	$ 5,359,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision (credit) for loan losses	1,300,000	(175,000)
Depreciation and amortization expense	1,472,000	1,360,000
Net amortization of investment securities	206,000	203,000
Net realized gains on investment securities — available for sale		(118,000)
Net gains on loans held for sale	(1,079,000)	(574,000)
Amortization of deferred loan fees	(339,000)	(91,000)
Origination of mortgage loans held for sale	(71,330,000)	(28,232,000)
Sales of mortgage loans held for sale	69,690,000	23,704,000
Increase in accrued interest receivable	(2,273,000)	(276,000)
Increase (decrease) in accrued interest payable	(499,000)	307,000
Earnings on bank owned life insurance	(438,000)	(388,000)
Deferred income taxes	609,000	623,000
Stock compensation expense	2,000	6,000
Net change in operating leases	(67,000)	(46,000)
Other, net	(5,564,000)	(323,000)
Net cash provided by (used in) operating activities	(4,404,000)	1,339,000
INVESTING ACTIVITIES
Purchase of investment securities — available for sale	(23,706,000)	(11,701,000)
Purchase of investment securities — held to maturity	(6,648,000)	(1,000,000)
Proceeds from maturities of investment securities — available for sale	25,871,000	15,704,000
Proceeds from maturities of investment securities — held to maturity	3,883,000	2,403,000
Proceeds from sales of investment securities — available for sale	0	3,374,000
Purchase of regulatory stock	(6,252,000)	(11,254,000)
Proceeds from redemption of regulatory stock	6,084,000	12,144,000
Long-term loans originated	(207,028,000)	(163,343,000)
Principal collected on long-term loans	147,958,000	156,357,000
Proceeds from sale of other real estate owned	21,000	198,000
Purchase of premises and equipment	(1,094,000)	(2,550,000)
Net cash provided by (used in) investing activities	(60,911,000)	332,000
FINANCING ACTIVITIES
Net increase in deposit balances	81,722,000	20,818,000
Net decrease in other short-term borrowings	(16,518,000)	(29,754,000)
Principal borrowings on advances from Federal Home Loan Bank	34,210,000	16,909,000
Principal repayments on advances from Federal Home Loan Bank	(13,542,000)	(8,000,000)
Principal payments on financing lease liabilities	(151,000)	(126,000)
Stock options exercised	75,000	96,000
Purchases of treasury stock	(151,000)	(2,166,000)
Common stock dividend paid	(1,290,000)	(1,216,000)
Net cash provided by (used in) financing activities	84,355,000	(3,439,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	19,040,000	(1,768,000)
CASH AND CASH EQUIVALENTS AT JANUARY 1	22,168,000	34,894,000
CASH AND CASH EQUIVALENTS AT SEPTEMBER 30	$ 41,208,000	$ 33,126,000

Principles of Consolidation

Principles of Consolidation	9 Months Ended
	Sep. 30, 2020
Principles of Consolidation
Principles of Consolidation	1. Principles of Consolidation The accompanying consolidated financial statements include the accounts of AmeriServ Financial, Inc. (the Company) and its wholly-owned subsidiaries, AmeriServ Financial Bank (the Bank), AmeriServ Trust and Financial Services Company (the Trust Company), and AmeriServ Life Insurance Company (AmeriServ Life). The Bank is a Pennsylvania state-chartered full service bank with 15 locations in Pennsylvania and 1 location in Maryland. The Trust Company offers a complete range of trust and financial services and administers assets valued at $2.3 billion that are not reported on the Company’s Consolidated Balance Sheets at September 30, 2020. AmeriServ Life was a captive insurance company that engaged in underwriting as a reinsurer of credit life and disability insurance. New business ceased being generated by AmeriServ Life in 2005. Since that time, the outstanding insurance policies have been running off, and the final policy has expired. On September 30, 2020, the Arizona Corporation Commission approved the Articles of Dissolution for AmeriServ Life. In addition, the Parent Company is an administrative group that provides support in such areas as audit, finance, investments, loan review, general services, and marketing. Intercompany accounts and transactions have been eliminated in preparing the Consolidated Financial Statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (generally accepted accounting principles, or GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from these estimates and the differences may be material to the Consolidated Financial Statements. The Company’s most significant estimates relate to the allowance for loan losses, goodwill, income taxes, investment securities, pension, and the fair value of financial instruments.

Basis of Preparation

Basis of Preparation	9 Months Ended
	Sep. 30, 2020
Basis of Preparation
Basis of Preparation	2. Basis of Preparation The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information. In the opinion of management, all adjustments consisting of normal recurring entries considered necessary for a fair presentation have been included. They are not, however, necessarily indicative of the results of consolidated operations for a full-year. For further information, refer to the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2019.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
Recent Accounting Pronouncements
Recent Accounting Pronouncements	3. Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016‑13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (ASU 2016‑13), which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. With certain exceptions, transition to the new requirements will be through a cumulative effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. In November 2019, the FASB issued ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . This update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company, as a smaller reporting company, continues to evaluate the impact that the Update will have on our consolidated financial statements. We are currently working with an industry leading third-party consultant and software provider to assist us in the implementation of this standard. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. The overall impact of the amendment will be affected by the portfolio composition and quality at the adoption date as well as economic conditions and forecasts at that time. In January 2020, the FASB issued ASU 2020-4, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020 , to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications to ease the financial reporting burdens of the expected market transition from LIBOR to alternative reference rates, such as Secured Overnight Financing Rate. Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. The Company has identified its LIBOR exposure across product categories and is analyzing the risks associated with the LIBOR transition. However, it is too early to predict whether a new rate index replacement and the adoption of this ASU will have a material impact on the Company’s financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2020
Revenue Recognition
Revenue Recognition	4. Revenue Recognition ASU 2014-09, Revenue from Contracts with Customers – Topic 606 , requires the Company to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers at the time the transfer of goods or services takes place. Management determined that the primary sources of revenue associated with financial instruments, including interest and fee income on loans and interest on investments, along with certain noninterest revenue sources including net realized gains (losses) on investment securities, mortgage related fees, net gains on loans held for sale, and bank owned life insurance are not within the scope of Topic 606. These sources of revenue cumulatively comprise 79.7% of the total revenue of the Company. Non-interest income within the scope of Topic 606 are as follows: · Wealth management fees - Wealth management fee income is primarily comprised of fees earned from the management and administration of trusts and customer investment portfolios. The Company’s performance obligation is generally satisfied over a period of time and the resulting fees are billed monthly or quarterly, based upon the month end market value of the assets under management. Payment is generally received after month end through a direct charge to customers’ accounts. Due to this delay in payment, a receivable of $825,000 has been established as of September 30, 2020 and is included in other assets on the Consolidated Balance Sheets in order to properly recognize the revenue earned but not yet received. Other performance obligations (such as delivery of account statements to customers) are generally considered immaterial to the overall transactions’ price. Commissions on transactions are recognized on a trade-date basis as the performance obligation is satisfied at the point in time in which the trade is processed. Also included within wealth management fees are commissions from the sale of mutual funds, annuities, and life insurance products. Commissions on the sale of mutual funds, annuities, and life insurance products are recognized when sold, which is when the Company has satisfied its performance obligation. · Service charges on deposit accounts - The Company has contracts with its deposit account customers where fees are charged for certain items or services. Service charges include account analysis fees, monthly service fees, overdraft fees, and other deposit account related fees. Revenue related to account analysis fees and service fees is recognized on a monthly basis as the Company has an unconditional right to the fee consideration. Fees attributable to specific performance obligations of the Company (i.e. overdraft fees, etc.) are recognized at a defined point in time based on completion of the requested service or transaction. · Other non-interest income - Other non-interest income consists of other recurring revenue streams such as safe deposit box rental fees, gain (loss) on sale of other real estate owned, ATM and VISA debit card fees, and other miscellaneous revenue streams. Safe deposit box rental fees are charged to the customer on an annual basis and recognized when billed. However, if the safe deposit box rental fee is prepaid (i.e. paid prior to issuance of annual bill), the revenue is recognized upon receipt of payment. The Company has determined that since rentals and renewals occur consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Gains and losses on the sale of other real estate owned are recognized at the completion of the property sale when the buyer obtains control of the real estate and all the performance obligations of the Company have been satisfied. The Company offers ATM and VISA debit cards to deposit account holders which allows our customers to access their account electronically at ATMs and POS terminals. Fees related to ATM and VISA debit card transactions are recognized when the transactions are completed and the Company has satisfied its performance obligation. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine month periods ending September 30, 2020 and 2019 (in thousands). Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Non-interest income: In-scope of Topic 606 Wealth management fees $ 2,604 $ 2,431 $ 7,629 $ 7,246 Service charges on deposit accounts 206 321 668 948 Other 485 471 1,271 1,325 Non-interest income (in-scope of topic 606) 3,295 3,223 9,568 9,519 Non-interest income (out-of-scope of topic 606) 1,009 872 2,335 1,838 Total non-interest income $ 4,304 $ 4,095 $ 11,903 $ 11,357

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Common Share
Earnings Per Common Share	5. Earnings Per Common Share Basic earnings per share include only the weighted average common shares outstanding. Diluted earnings per share include the weighted average common shares outstanding and any potentially dilutive common stock equivalent shares in the calculation. Treasury shares are excluded for earnings per share purposes. For the three month periods ending September 30, 2020 and 2019, options to purchase 189,259 common shares, with an exercise price of $2.96 to $4.22, and options to purchase 12,000 common shares, with an exercise price of $4.19 to $4.22, respectively, were outstanding but were not included in the computation of diluted earnings per common share because to do so would be antidilutive. For the nine month periods ending September 30, 2020 and 2019, options to purchase 69,759 common shares, with an exercise price of $3.20 to $4.22, and options to purchase 12,000 common shares, with an exercise price of $4.19 to 4.22, respectively, were outstanding but were not included in the computation of diluted earnings per common share because to do so would be antidilutive. Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 (In thousands, except per share data) Numerator: Net income $ 1,078 $ 1,689 $ 3,906 $ 5,359 Denominator: Weighted average common shares outstanding (basic) 17,059 17,278 17,051 17,443 Effect of stock options 3 82 12 81 Weighted average common shares outstanding (diluted) 17,062 17,360 17,063 17,524 Earnings per common share : Basic $ 0.06 $ 0.10 $ 0.23 $ 0.31 Diluted 0.06 0.10 0.23 0.31

Consolidated Statement of Cash

Consolidated Statement of Cash Flows	9 Months Ended
	Sep. 30, 2020
Consolidated Statement of Cash Flows.
Consolidated Statement of Cash Flows	6. Consolidated Statement of Cash Flows On a consolidated basis, cash and cash equivalents include cash and due from depository institutions, interest bearing deposits and short-term investments in both money market funds and commercial paper. The Company made $315,000 in income tax payments in the first nine months of 2020 and $785,000 in the same 2019 period. The Company made total interest payments of $8,726,000 in the first nine months of 2020 compared to $10,573,000 in the same 2019 period. The Company had $40,000 non-cash transfers to other real estate owned (OREO) in the first nine months of 2020 compared to $75,000 non-cash transfers in the same 2019 period. During the first nine months of 2020, the Company entered into two new financing leases, one related to office equipment and the other to a branch location, and recorded a right-of-use asset and lease liability of $149,000. As a result of the adoption of ASU 2016-02, Leases (Topic 842) as of January 1, 2019, the Company had non-cash transactions associated with the recognition of the right-of-use assets and lease liabilities. Specifically, the Company recognized a right-of-use asset and lease liability of $932,000 related to operating leases and a right-of-use asset and lease liability of $3.3 million related to financing leases during the first nine months of 2019.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2020
Investment Securities
Investment Securities	7. Investment Securities The cost basis and fair values of investment securities are summarized as follows: Investment securities available for sale (AFS): SEPTEMBER 30, 2020 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 3,079 $ 197 $ — $ 3,276 U.S. Agency mortgage-backed securities 66,198 2,850 (6) 69,042 Municipal 17,409 1,242 — 18,651 Corporate bonds 50,586 557 (396) 50,747 Total $ 137,272 $ 4,846 $ (402) $ 141,716 Investment securities held to maturity (HTM): SEPTEMBER 30, 2020 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency mortgage-backed securities $ 7,719 $ 394 $ — $ 8,113 Municipal 28,889 2,225 (51) 31,063 Corporate bonds and other securities 6,028 108 (4) 6,132 Total $ 42,636 $ 2,727 $ (55) $ 45,308 Investment securities available for sale (AFS): DECEMBER 31, 2019 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 5,084 $ 32 $ — $ 5,116 U.S. Agency mortgage-backed securities 80,046 1,681 (94) 81,633 Municipal 14,678 509 (17) 15,170 Corporate bonds 39,769 342 (281) 39,830 Total $ 139,577 $ 2,564 $ (392) $ 141,749 Investment securities held to maturity (HTM): DECEMBER 31, 2019 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency mortgage-backed securities $ 9,466 $ 251 $ (4) $ 9,713 Municipal 24,438 941 (53) 25,326 Corporate bonds and other securities 6,032 58 (47) 6,043 Total $ 39,936 $ 1,250 $ (104) $ 41,082 Maintaining investment quality is a primary objective of the Company’s investment policy which, subject to certain limited exceptions, prohibits the purchase of any investment security below a Moody’s Investor’s Service or Standard & Poor’s rating of “A.” At September 30, 2020, 43.5% of the portfolio was rated “AAA” as compared to 53.4% at December 31, 2019. Approximately 14.8% of the portfolio was either rated below “A” or unrated at September 30, 2020 as compared to 9.1% at December 31, 2019. The Company sold no AFS securities during the third quarter or first nine months of 2020. Total proceeds from the sale of AFS securities for the third quarter and first nine months of 2019 were $2.8 million and $3.4 million, respectively, resulting in $88,000 and $118,000, respectively, of gross investment security gains. The carrying value of securities, both available for sale and held to maturity, pledged to secure public and trust deposits was $113,126,000 at September 30, 2020 and $117,076,000 at December 31, 2019. The following tables present information concerning investments with unrealized losses as of September 30, 2020 and December 31, 2019 (in thousands): Total investment securities: SEPTEMBER 30, 2020 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ — $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities 1,438 (5) 138 (1) 1,576 (6) Municipal 1,044 (1) 752 (50) 1,796 (51) Corporate bonds and other securities 15,741 (259) 6,859 (141) 22,600 (400) Total $ 18,223 $ (265) $ 7,749 $ (192) $ 25,972 $ (457) Total investment securities: DECEMBER 31, 2019 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ — $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities 7,084 (23) 8,562 (75) 15,646 (98) Municipal 2,269 (18) 1,123 (52) 3,392 (70) Corporate bonds and other securities 7,797 (85) 11,783 (243) 19,580 (328) Total $ $ (126) $ $ (370) $ 38,618 $ (496) The unrealized losses are primarily a result of increases in market yields from the time of purchase. In general, as market yields rise, the value of securities will decrease; as market yields fall, the fair value of securities will increase. There are 35 positions that are considered temporarily impaired at September 30, 2020. Management generally views changes in fair value caused by changes in interest rates as temporary; therefore, these securities have not been classified as other-than-temporarily impaired. Management has also concluded that based on current information we expect to continue to receive scheduled interest payments as well as the entire principal balance. Furthermore, management does not intend to sell these securities and does not believe it will be required to sell these securities before they recover in value or mature. The interest rate environment and market yields can also have a significant impact on the yield earned on mortgage-backed securities (MBS). Prepayment speed assumptions are an important factor to consider when evaluating the returns on an MBS. Generally, as interest rates decline, borrowers have more incentive to refinance into a lower rate, so prepayments will rise. Conversely, as interest rates increase, prepayments will decline. When an MBS is purchased at a premium, the yield will decrease as prepayments increase and the yield will increase as prepayments decrease. As of September 30, 2020, the Company had low premium risk as the book value of our mortgage-backed securities purchased at a premium was only 101.4% of the par value. Contractual maturities of securities at September 30, 2020 are shown below (in thousands). Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without prepayment penalties. The weighted average duration of the total investment securities portfolio at September 30, 2020 is 20.3 months and is lower than the duration at December 31, 2019 which was 36.9 months. The duration remains within our internally established guideline to not exceed 60 months which we believe is appropriate to maintain proper levels of liquidity, interest rate risk, market valuation sensitivity and profitability. Total investment securities: September 30, 2020 Available for sale Held to maturity Cost Basis Fair Value Cost Basis Fair Value Within 1 year $ 5,060 $ 5,093 $ 3,400 $ 3,403 After 1 year but within 5 years 22,222 22,536 7,629 8,054 After 5 years but within 10 years 48,851 50,395 17,115 18,607 After 10 years but within15 years 19,253 20,120 9,395 9,946 Over 15 years 41,886 43,572 5,097 5,298 Total $ 137,272 $ 141,716 $ 42,636 $ 45,308 As of September 30, 2020 and December 31, 2019, the Company reported $424,000 and $366,000, respectively, of equity securities within other assets on the Consolidated Balance Sheets. These equity securities are held within a nonqualified deferred compensation plan in which a select group of executives of the Company can participate. An eligible executive can defer a certain percentage of their current salary to be placed into the plan and held within a rabbi trust. The assets of the rabbi trust are invested in various publicly listed mutual funds. The gain or loss on the equity securities (both realized and unrealized) is reported within other income on the Consolidated Statements of Operations. During the periods presented, the Company recorded both realized and unrealized gains/losses related to the equity securities. The amounts of such gains/losses were immaterial to the Consolidated Financial Statements. Additionally, the Company has recognized a deferred compensation liability, which is equal to the balance of the equity securities and is reported within other liabilities on the Consolidated Balance Sheets.

Loans

Loans	9 Months Ended
	Sep. 30, 2020
Loans
Loans	8. Loans The loan portfolio of the Company consists of the following (in thousands): September 30, 2020 December 31, 2019 Commercial: Commercial and industrial $ 152,636 $ 173,922 Paycheck Protection Program (PPP) 68,460 — Commercial loans secured by owner occupied real estate 90,819 91,655 Commercial loans secured by non-owner occupied real estate 378,858 363,635 Real estate − residential mortgage 233,811 235,239 Consumer 17,196 18,255 Loans, net of unearned income $ 941,780 $ Loan balances at September 30, 2020 and December 31, 2019 are net of unearned income of $1,466,000 and $384,000, respectively. The unearned income balance at September 30, 2020 includes $1,057,000 of unrecognized fee income from the PPP loan originations. Real estate construction loans comprised 6.4% and 4.9% of total loans, net of unearned income at September 30, 2020 and December 31, 2019, respectively. The third quarter of 2020 represented the second full quarter’s impact of the COVID-19 pandemic. Certain loans within our commercial and commercial real estate portfolios have been disproportionately adversely affected by the pandemic. Due to mandatory lockdowns and travel restrictions, certain industries, such as hospitality, travel, food service and restaurants and bars, have suffered as a result of COVID-19. The following table provides information regarding our potential COVID-19 risk concentrations for commercial and commercial real estate loans by industry type at September 30, 2020 (in thousands). Paycheck Commercial loans Commercial loans Commercial Protection secured by owner secured by non-owner and industrial Program occupied real estate occupied real estate Total 1-4 unit residential $ 1,488 $ — $ 107 $ 5,920 $ 7,515 Multifamily/apartments/student housing — — 418 54,963 55,381 Office 32,793 9,924 10,075 34,452 87,244 Retail 7,997 1,786 21,213 116,830 147,826 Industrial/manufacturing/warehouse 89,382 29,463 17,751 43,093 179,689 Hotels 372 1,287 — 41,830 43,489 Eating and drinking places 855 13,630 4,424 538 19,447 Amusement and recreation 245 106 3,345 46 3,742 Mixed use — — 2,802 66,435 69,237 Other 19,504 12,264 30,684 14,751 77,203 Total $ 152,636 $ 68,460 $ 90,819 $ 378,858 $ 690,773 Paycheck Protection Program The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, 2020, and provides emergency economic relief to individuals and businesses impacted by the COVID-19 pandemic. The CARES Act authorized the Small Business Administration (SBA) to temporarily guarantee loans under a new 7(a) program called the Paycheck Protection Program (PPP). As a qualified SBA lender, the Company was automatically authorized to originate PPP loans. An eligible business could apply for a PPP loan up to the lesser of: (1) 2.5 times its average monthly “payroll costs;” or (2) $10.0 million. PPP loans have: (a) an interest rate of 1.0%, (b) a two-year (if originated prior to June 5, 2020) or five-year (if originated after June 5, 2020) loan term to maturity; and (c) principal and interest payments deferred for six months from the date of disbursement. The SBA will guarantee 100% of the PPP loans made to eligible borrowers pursuant to standards as defined by the SBA. The entire principal amount of the borrower’s PPP loan, including any accrued interest, is eligible to be reduced by the loan forgiveness amount under the PPP so long as employee and compensation levels of the business are maintained and at least 60% of the loan proceeds are used for payroll expenses, with the remaining loan proceeds being used for other qualifying expenses such as interest on mortgages, rent, and utilities. As of September 30, 2020, the Company had 469 PPP loans outstanding totaling $68.5 million and has recorded a total of $1.4 million of processing fee income and interest income from PPP lending activity. Also, there is approximately $1.1 million of PPP processing fees that will be amortized into income over the time period that the loans remain on our balance sheet or until the PPP loan is forgiven at which time the remaining fee will be recognized immediately as income.

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2020
Allowance for Loan Losses
Allowance for Loan Losses	9. Allowance for Loan Losses The following tables summarize the rollforward of the allowance for loan losses by portfolio segment for the three and nine month periods ending September 30, 2020 and 2019 (in thousands). Three months ended September 30, 2020 Balance at Charge- Provision Balance at June 30, 2020 Offs Recoveries (Credit) September 30, 2020 Commercial $ 3,784 $ (111) $ 1 $ (638) $ 3,036 Commercial loans secured by non-owner occupied real estate 3,619 — 10 1,261 4,890 Real estate-residential mortgage 1,216 (19) 24 4 1,225 Consumer 119 (14) 19 (4) 120 Allocation for general risk 961 — — 52 1,013 Total $ 9,699 $ (144) $ 54 $ 675 $ 10,284 Three months ended September 30, 2019 Balance at Charge- Provision Balance at June 30, 2019 Offs Recoveries (Credit) September 30, 2019 Commercial $ 2,538 $ (1) $ 8 $ 464 $ 3,009 Commercial loans secured by non-owner occupied real estate 3,425 — 12 (81) 3,356 Real estate-residential mortgage 1,218 — 25 (46) 1,197 Consumer 124 (36) 10 28 126 Allocation for general risk 797 — — (140) 657 Total $ 8,102 $ (37) $ 55 $ 225 $ 8,345 Nine months ended September 30, 2020 Balance at Charge- Provision Balance at December 31, 2019 Offs Recoveries (Credit) September 30, 2020 Commercial $ 3,951 $ (111) $ 1 $ (805) $ 3,036 Commercial loans secured by non-owner occupied real estate 3,119 — 31 1,740 4,890 Real estate-residential mortgage 1,159 (201) 46 221 1,225 Consumer 126 (105) 44 55 120 Allocation for general risk 924 — — 89 1,013 Total $ 9,279 $ (417) $ 122 $ 1,300 $ 10,284 Nine months ended September 30, 2019 Balance at Charge- Provision Balance at December 31, 2018 Offs Recoveries (Credit) September 30, 2019 Commercial $ 3,057 $ (1) $ 13 $ (60) $ 3,009 Commercial loans secured by non-owner occupied real estate 3,389 (63) 36 (6) 3,356 Real estate-residential mortgage 1,235 (71) 101 (68) 1,197 Consumer 127 (206) 40 165 126 Allocation for general risk 863 — — (206) 657 Total $ 8,671 $ (341) $ 190 $ (175) $ 8,345 The Company recorded a $675,000 provision expense for loan losses in the third quarter of 2020 compared to a $225,000 provision recorded in the third quarter of 2019. For the first nine months of 2020, the Company recorded a $1,300,000 provision expense for loan losses compared to a $175,000 provision recovery recorded in the first nine months of 2019, which represents a net unfavorable shift of $1,475,000. The Company continues to build the allowance for loan losses given the overall economic climate and the uncertainty that exists because of the COVID-19 pandemic. The 2020 provision reflects management’s decision to strengthen certain qualitative factors within our allowance for loan losses calculation as well as the third quarter rating downgrade of several loans totaling approximately $29 million from the hotel industry into the special mention risk rating. The effect of these downgrades was an increase in the allowance for the commercial loans secured by non-owner occupied real estate portfolio for both the three and nine months ended September 30, 2020. The hotel industry has been especially negatively impacted from the pandemic and is demonstrating a slow pace of recovery from the economic lockdown. While we anticipate that our hotel borrowers will need additional time to recover, we remain encouraged by their signs of increasing occupancy rates. The decrease in the allowance balance for the commercial loan portfolio is the result of two substantial commercial loans which were previously classified as substandard being upgraded and the pay off of another troubled commercial loan. In addition, the growth in the allowance balance for residential mortgage loans is the result of the increased origination activity experienced within this portfolio given the lower interest rate environment. It should be noted that the 100% SBA guarantee on PPP loans minimizes the level of credit risk associated with the loans. As a result, such loans are assigned a 0% risk weight for purposes of calculating the Bank’s risk-based capital ratios. Therefore, it was deemed appropriate to not allocate any portion of the loan loss reserve for the PPP loans. For the first nine months of 2020, the Company experienced net loan charge-offs of $295,000, or 0.04% of total loans, compared to net loan charge-offs of $151,000, or 0.02% of total loans, in the first nine months of 2019. Overall, the Company’s asset quality remains strong as its non-performing assets totaled $2.6 million, or only 0.27% of total loans, at September 30, 2020. The allowance for loan losses provided 395% coverage of non-performing assets, and 1.08% of total loans, at September 30, 2020, compared to 397% coverage of non-performing assets, and 1.05% of total loans, at December 31, 2019. The reserve coverage of total loans, excluding PPP loans, is 1.17% (non-GAAP) at September 30, 2020. See the reconciliation of the non-GAAP measure of the reserve coverage of total loans, excluding PPP loans, within the Allowance for Loan Losses section of the MD&A. The following tables summarize the loan portfolio and allowance for loan loss by the primary segments of the loan portfolio (in thousands). At September 30, 2020 Commercial Loans Secured by Non-Owner Real Estate- Occupied Residential Allocation for Commercial Real Estate Mortgage Consumer General Risk Total Loans: Individually evaluated for impairment $ 859 $ 8 $ — $ — $ 867 Collectively evaluated for impairment 311,056 378,850 233,811 17,196 940,913 Total loans $ 311,915 $ 378,858 $ 233,811 $ 17,196 $ 941,780 Allowance for loan losses: Specific reserve allocation $ 98 $ 8 $ — $ — $ — $ 106 General reserve allocation 2,938 4,882 1,225 120 1,013 10,178 Total allowance for loan losses $ 3,036 $ 4,890 $ 1,225 $ 120 $ 1,013 $ 10,284 At December 31, 2019 Commercial Loans Secured by Non-Owner Real Estate- Occupied Residential Allocation for Commercial Real Estate Mortgage Consumer General Risk Total Loans: Individually evaluated for impairment $ 816 $ 8 $ — $ — $ 824 Collectively evaluated for impairment 264,761 363,627 235,239 18,255 881,882 Total loans $ 265,577 $ 363,635 $ 235,239 $ 18,255 $ 882,706 Allowance for loan losses: Specific reserve allocation $ 84 $ 8 $ — $ — $ — $ 92 General reserve allocation 3,867 3,111 1,159 126 924 9,187 Total allowance for loan losses $ 3,951 $ 3,119 $ 1,159 $ 126 $ 924 $ 9,279 The segments of the Company’s loan portfolio are disaggregated into classes that allows management to monitor risk and performance. The loan classes used are consistent with the internal reports evaluated by the Company’s management and Board of Directors to monitor risk and performance within various segments of its loan portfolio. The commercial loan segment includes both the commercial and industrial and the owner occupied commercial real estate loan classes while the remaining segments are not separated into classes as management monitors risk in these loans at the segment level. The residential mortgage loan segment is comprised of first lien amortizing residential mortgage loans and home equity loans secured by residential real estate. The consumer loan segment consists primarily of installment loans and overdraft lines of credit connected with customer deposit accounts. Management evaluates for possible impairment any individual loan in the commercial or commercial real estate segment that is in nonaccrual status or classified as a Troubled Debt Restructure (TDR). In addition, consumer and residential mortgage loans with a balance of $150,000 or more are evaluated for impairment. Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Once the determination has been made that a loan is impaired, the determination of whether a specific allocation of the allowance is necessary is measured by comparing the recorded investment in the loan to the fair value of the loan using one of three methods: (a) the present value of expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s observable market price; or (c) the fair value of the collateral less selling costs for collateral dependent loans. The method is selected on a loan-by-loan basis, with management primarily utilizing either the discounted cash flows or the fair value of collateral method. The evaluation of the need and amount of a specific allocation of the allowance and whether a loan can be removed from impairment status is made on a quarterly basis. The Company’s policy for recognizing interest income on impaired loans does not differ from its overall policy for interest recognition. The need for an updated appraisal on collateral dependent loans is determined on a case-by-case basis. The useful life of an appraisal or evaluation will vary depending upon the circumstances of the property and the economic conditions in the marketplace. A new appraisal is not required if there is an existing appraisal which, along with other information, is sufficient to determine a reasonable value for the property and to support an appropriate and adequate allowance for loan losses. At a minimum, annual documented reevaluation of the property is completed by the Bank’s internal Assigned Risk Department to support the value of the property. When reviewing an appraisal associated with an existing real estate collateral dependent transaction, the Bank’s internal Assigned Risk Department must determine if there have been material changes to the underlying assumptions in the appraisal which affect the original estimate of value. Some of the factors that could cause material changes to reported values include: · the passage of time; · the volatility of the local market; · the availability of financing; · natural disasters; · the inventory of competing properties; · new improvements to, or lack of maintenance of, the subject property or competing properties upon physical inspection by the Bank; · changes in underlying economic and market assumptions, such as material changes in current and projected vacancy, absorption rates, capitalization rates, lease terms, rental rates, sales prices, concessions, construction overruns and delays, zoning changes, etc.; and/or · environmental contamination. The value of the property is adjusted to appropriately reflect the above listed factors and the value is discounted to reflect the value impact of a forced or distressed sale, any outstanding senior liens, any outstanding unpaid real estate taxes, transfer taxes and closing costs that would occur with sale of the real estate. If the Assigned Risk Department personnel determine that a reasonable value cannot be derived based on available information, a new appraisal is ordered. The determination of the need for a new appraisal, versus completion of a property valuation by the Bank’s Assigned Risk Department personnel, rests with the Assigned Risk Department and not the originating account officer. The following tables present impaired loans by portfolio segment, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary. At September 30, 2020 IMPAIRED LOANS WITH IMPAIRED LOANS WITH NO SPECIFIC SPECIFIC ALLOWANCE ALLOWANCE TOTAL IMPAIRED LOANS UNPAID RECORDED RELATED RECORDED RECORDED PRINCIPAL INVESTMENT ALLOWANCE INVESTMENT INVESTMENT BALANCE (IN THOUSANDS) Commercial $ 859 $ 98 $ — $ 859 $ 859 Commercial loans secured by non-owner occupied real estate 8 8 — 8 30 Total impaired loans $ 867 $ 106 $ — $ 867 $ 889 At December 31, 2019 IMPAIRED LOANS WITH IMPAIRED LOANS WITH NO SPECIFIC SPECIFIC ALLOWANCE ALLOWANCE TOTAL IMPAIRED LOANS UNPAID RECORDED RELATED RECORDED RECORDED PRINCIPAL INVESTMENT ALLOWANCE INVESTMENT INVESTMENT BALANCE (IN THOUSANDS) Commercial 816 $ 84 $ — $ 816 $ 816 Commercial loans secured by non-owner occupied real estate $ 8 $ 8 $ — $ 8 $ 30 Total impaired loans $ 824 $ 92 $ — $ 824 $ 846 The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated (in thousands). Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Average impaired balance: Commercial $ 839 $ 785 $ 832 $ 393 Commercial loans secured by non-owner occupied real estate 8 10 8 10 Average investment in impaired loans $ 847 $ 795 $ 840 $ 403 Interest income recognized: Commercial $ 9 $ 13 $ 31 $ 17 Commercial loans secured by non-owner occupied real estate — — — — Interest income recognized on a cash basis on impaired loans $ 9 $ 13 $ 31 $ 17 Management uses a nine-point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized. The first five “Pass” categories are aggregated, while the Pass‑6, Special Mention, Substandard and Doubtful categories are disaggregated to separate pools. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due, or for which any portion of the loan represents a specific allocation of the allowance for loan losses are placed in Substandard or Doubtful. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Company has a structured loan rating process, which dictates that, at a minimum, credit reviews are mandatory for all commercial and commercial mortgage loan relationships with aggregate balances in excess of $1,000,000 within a 12‑month period. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as bankruptcy, delinquency, or death occurs to raise awareness of a possible credit event. The Company’s commercial relationship managers are responsible for the timely and accurate risk rating of the loans in their portfolios at origination and on an ongoing basis. Risk ratings are assigned by the account officer, but require independent review and rating concurrence from the Company’s internal Loan Review Department. The Loan Review Department is an experienced, independent function which reports directly to the Board’s Audit Committee. The scope of commercial portfolio coverage by the Loan Review Department is defined and presented to the Audit Committee for approval on an annual basis. The approved scope of coverage for 2020 requires review of a minimum of 40% of the commercial loan portfolio. In addition to loan monitoring by the account officer and Loan Review Department, the Company also requires presentation of all credits rated Pass‑6 with aggregate balances greater than $2,000,000, all credits rated Special Mention or Substandard with aggregate balances greater than $250,000, and all credits rated Doubtful with aggregate balances greater than $100,000 on an individual basis to the Company’s Loan Loss Reserve Committee on a quarterly basis. Additionally, the Asset Quality Task Force, which is a group comprised of senior level personnel, meets monthly to monitor the status of problem loans. The following table presents the classes of the commercial and commercial real estate loan portfolios summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system. At September 30, 2020 SPECIAL PASS MENTION SUBSTANDARD DOUBTFUL TOTAL (IN THOUSANDS) Commercial and industrial $ 142,948 $ 6,336 $ 3,352 $ — $ 152,636 Paycheck Protection Program (PPP) 68,460 — — — 68,460 Commercial loans secured by owner occupied real estate 87,844 1,889 1,086 — 90,819 Commercial loans secured by non-owner occupied real estate 349,901 27,472 1,477 8 378,858 Total $ 649,153 $ 35,697 $ 5,915 $ 8 $ 690,773 At December 31, 2019 SPECIAL PASS MENTION SUBSTANDARD DOUBTFUL TOTAL (IN THOUSANDS) Commercial and industrial $ 161,147 $ 853 $ 11,922 $ — $ 173,922 Commercial loans secured by owner occupied real estate 88,942 1,384 1,329 — 91,655 Commercial loans secured by non-owner occupied real estate 362,027 — 1,600 8 363,635 Total $ 612,116 $ 2,237 $ 14,851 $ 8 $ 629,212 It is generally the policy of the Bank that the outstanding balance of any residential mortgage loan that exceeds 90‑days past due as to principal and/or interest is transferred to non-accrual status and an evaluation is completed to determine the fair value of the collateral less selling costs, unless the balance is minor. A charge down is recorded for any deficiency balance determined from the collateral evaluation. The remaining non-accrual balance is reported as impaired with no specific allowance. It is generally the policy of the Bank that the outstanding balance of any consumer loan that exceeds 90‑days past due as to principal and/or interest is charged off. The following tables present the performing and non-performing outstanding balances of the residential and consumer portfolio classes. At September 30, 2020 NON- PERFORMING PERFORMING TOTAL (IN THOUSANDS) Real estate – residential mortgage $ 232,115 $ 1,696 $ 233,811 Consumer 17,196 — 17,196 Total $ 249,311 $ 1,696 $ 251,007 At December 31, 2019 NON- PERFORMING PERFORMING TOTAL (IN THOUSANDS) Real estate – residential mortgage $ 233,760 $ 1,479 $ 235,239 Consumer 18,255 — 18,255 Total $ 252,015 $ 1,479 $ 253,494 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans. At September 30, 2020 90 DAYS 30 – 59 60 – 89 PAST DUE DAYS DAYS 90 DAYS TOTAL TOTAL AND STILL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ACCRUING (IN THOUSANDS) Commercial and industrial $ 152,558 $ 78 $ — $ — $ 78 $ 152,636 $ — Paycheck Protection Program (PPP) 68,460 — — — — 68,460 $ — Commercial loans secured by owner occupied real estate 90,819 — — — — 90,819 — Commercial loans secured by non-owner occupied real estate 378,858 — — — — 378,858 — Real estate – residential mortgage 229,851 1,922 1,039 999 3,960 233,811 — Consumer 17,156 40 — — 40 17,196 — Total $ 937,702 $ 2,040 $ 1,039 $ 999 $ 4,078 $ 941,780 $ — At December 31, 2019 90 DAYS 30 – 59 60 – 89 PAST DUE DAYS DAYS 90 DAYS TOTAL TOTAL AND STILL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ACCRUING (IN THOUSANDS) Commercial and industrial $ 173,922 $ — $ — $ — $ — $ 173,922 $ — Commercial loans secured by owner occupied real estate 91,538 117 — — 117 91,655 — Commercial loans secured by non-owner occupied real estate 363,635 — — — — 363,635 — Real estate – residential mortgage 231,022 2,331 864 1,022 4,217 235,239 — Consumer 18,190 42 23 — 65 18,255 — Total $ 878,307 $ 2,490 $ 887 $ 1,022 $ 4,399 $ 882,706 $ — An allowance for loan losses (“ALL”) is maintained to support loan growth and cover charge-offs from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of non-performing loans. Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are complemented by consideration of other qualitative factors. Management tracks the historical net charge-off activity at each risk rating grade level for the entire commercial portfolio and at the aggregate level for the consumer, residential mortgage and small business portfolios. A historical charge-off factor is calculated utilizing a rolling 12 consecutive historical quarters for the commercial portfolios. This historical charge-off factor for the consumer, residential mortgage and small business portfolios are based on a three-year historical average of actual loss experience. The Company uses a comprehensive methodology and procedural discipline to maintain an ALL to absorb inherent losses in the loan portfolio. The Company believes this is a critical accounting policy since it involves significant estimates and judgments. The allowance consists of three elements: (1) an allowance established on specifically identified problem loans, (2) formula driven general reserves established for loan categories based upon historical loss experience and other qualitative factors which include delinquency, non-performing and TDR loans, loan trends, economic trends, concentrations of credit, trends in loan volume, experience and depth of management, examination and audit results, effects of any changes in lending policies, and trends in policy, financial information, and documentation exceptions, and (3) a general risk reserve which provides support for variance from our assessment of the previously listed qualitative factors, provides protection against credit risks resulting from other inherent risk factors contained in the Company’s loan portfolio, and recognizes the model and estimation risk associated with the specific and formula driven allowances. The qualitative factors used in the formula driven general reserves are evaluated quarterly (and revised if necessary) by the Company’s management to establish allocations which accommodate each of the listed risk factors. “Pass” rated credits are segregated from “Criticized” and “Classified” credits for the application of qualitative factors. Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL.

Non-Performing Assets Including

Non-Performing Assets Including Troubled Debt Restructurings (TDR)	9 Months Ended
	Sep. 30, 2020
Non-Performing Assets Including Troubled Debt Restructurings (TDR)
Non-Performing Assets Including Troubled Debt Restructurings (TDR)	10. Non-Performing Assets Including Troubled Debt Restructurings (TDR) The following table presents information concerning non-performing assets including TDR (in thousands, except percentages): September 30, 2020 December 31, 2019 Non-accrual loans: Commercial and industrial $ 20 $ — Commercial loans secured by non-owner occupied real estate 8 8 Real estate – residential mortgage 1,696 1,479 Total 1,724 1,487 Other real estate owned: Real estate – residential mortgage 40 37 Total 40 37 TDR’s not in non-accrual: Commercial and industrial 839 815 Total 839 815 Total non-performing assets including TDR $ 2,603 $ 2,339 Total non-performing assets as a percent of loans, net of unearned income, and other real estate owned 0.27 % 0.26 % The Company had no loans past due 90 days or more for the periods presented which were accruing interest. The following table sets forth, for the periods indicated, (1) the gross interest income that would have been recorded if non-accrual loans had been current in accordance with their original terms and had been outstanding throughout the period or since origination if held for part of the period, (2) the amount of interest income actually recorded on such loans, and (3) the net reduction in interest income attributable to such loans (in thousands). Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Interest income due in accordance with original terms $ 22 $ 14 $ 60 $ 43 Interest income recorded — — — — Net reduction in interest income $ 22 $ 14 $ 60 $ 43 Consistent with accounting and regulatory guidance, the Bank recognizes a TDR when the Bank, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that would not normally be considered. Regardless of the form of concession granted, the Bank’s objective in offering a TDR is to increase the probability of repayment of the borrower’s loan. The following table details the loan modified as a TDR during the three month period ending September 30, 2020 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 1 $ 47 Extension of maturity date with a below market interest rate The following table details the loans modified as TDR’s during the nine month period ended September 30, 2020 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 1 $ 750 Subsequent modification of a TDR - Extension of maturity date with a below market interest rate Commercial and industrial 1 47 Extension of maturity date with a below market interest rate The following table details the loan modified as a TDR during the three month period ended September 30, 2019 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 1 $ 70 Extension of maturity date with a below market interest rate The following table details the loans modified as TDR’s during the nine month period ended September 30, 2019 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 2 $ 820 Extension of maturity date with a below market interest rate All TDRs are individually evaluated for impairment and a related allowance is recorded, as needed. The specific ALL reserve for loans modified as TDRs was $104,000 and $92,000 as of September 30, 2020 and December 31, 2019, respectively. The Company had no loans that were classified as TDRs or were subsequently modified during each 12-month period prior to the current reporting periods, which begin January 1, 2019 and 2018 (nine month periods) and July 1, 2019 and 2018 (three month periods), respectively, and that subsequently defaulted during these reporting periods. The Company is unaware of any additional loans which are required to either be charged-off or added to the non-performing asset totals disclosed above. Loan Modifications Related to COVID-19 Under section 4013 of the CARES Act, loans less than 30 days past due as of December 31, 2019 will be considered current for COVID-19 modifications. A financial institution can then suspend the requirements under GAAP for loan modifications related to COVID-19 that would otherwise be categorized as a TDR, and suspend any determination of a loan modified as a result of COVID-19 as being a TDR, including the requirement to determine impairment for accounting purposes and reporting the loan as past due. Financial institutions wishing to utilize this authority must make a policy election, which applies to any COVID-19 modification made between March 1, 2020 and the earlier of either December 31, 2020 or the 60th day after the end of the COVID-19 national emergency so long as the loan was current on payments as of December 31, 2019. Similarly, the Financial Accounting Standards Board has confirmed that short-term modifications made on a good-faith basis in response to COVID-19 to loan customers who were current prior to any relief are not TDRs. In response to the COVID-19 pandemic, the Company has prudently executed loan modifications for existing loan customers. The following table presents information comparing loans which were subject to a loan modification related to COVID-19, as of September 30, 2020 and June 30, 2020. Note that the percentage of outstanding loans presented below was calculated based on loan totals excluding PPP loans. Management believes that this method more accurately reflects the concentration of COVID-19 related modifications within the loan portfolio. At September 30, 2020 At June 30, 2020 % of Outstanding % of Outstanding Balance Non-PPP Loans Balance Non-PPP Loans (in thousands) (in thousands) CRE/Commercial $ 140,132 21.8 % $ 190,276 30.4 % Home Equity/Consumer 160 0.2 5,890 6.0 Residential Mortgage 4,069 2.9 3,839 2.8 Total $ 144,361 16.4 $ 200,005 23.2 The balance of loan modifications related to COVID-19 at September 30, 2020 represents a decrease of $55.6 million, or 27.8%, from the balance of loans modified for COVID-19 reported in the second quarter 2020 10-Q which totaled $200 million. Additionally, the balance of loan modifications related to COVID-19 decreased further as of October 31, 2020 and totaled $80.9 million. This represents a decrease of $63.4 million, or 43.9%, from the September 30, 2020 balance. As a result of these loan modifications, the Company has recorded $2.4 million of accrued interest income that has not been received as of September 30, 2020. Requested modifications primarily consist of the deferral of principal and/or interest payments for a period of three to six months and maturity date extensions. The following table presents the composition of the types of payment relief that have been granted. At September 30, 2020 At June 30, 2020 Number of Loans Balance Number of Loans Balance (in thousands) (in thousands) Type of Payment Relief Interest only payments 67 $ 74,680 83 $ 87,881 Complete payment deferrals 127 69,681 296 103,378 Maturity date extensions — — 4 8,746 Total 194 $ 144,361 383 $ 200,005 Management is carefully monitoring asset quality with a particular focus on customers that have requested payment deferrals during this difficult economic time. The Asset Quality Task Force is meeting monthly to review these particular relationships, receiving input from the business lenders regarding their ongoing discussions with the borrowers. It is expected that a significant number of the remaining loans with payment modifications will return to normal payment status during the fourth quarter of 2020. Deferral extension requests will be considered based upon the customer’s needs and their impacted industry, borrower and guarantor capacity to service debt, and current as well as any additional regulatory guidance. As of September 30, 2020, the Company has granted one deferral extension request related to a $2.5 million commercial real estate loan within the hotel industry. The additional deferral period, three months of principal and interest payments, was approved in conjunction with an SBA program that will allow the borrower to receive payment relief on a separate SBA 504 Debenture which holds a second lien position on the collateral securing the Company’s loan. In order to properly reflect the increased credit risk, the loan has been downgraded into the special mention risk rating.

Short-Term and Federal Home Loa

Short-Term and Federal Home Loan Bank Borrowings	9 Months Ended
	Sep. 30, 2020
Short-Term and Federal Home Loan Bank Borrowing
Short-Term and Federal Home Loan Bank Borrowings	11. Short-Term and Federal Home Loan Bank Borrowings Total short-term and Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages): At September 30, 2020 Weighted Type Maturing Amount Average Rate Federal Funds Purchased Overnight $ 2,000 0.65 % Open Repo Plus Overnight 3,894 0.39 FHLB Advances 2020 11,187 0.95 2021 22,496 1.08 2022 20,888 2.03 2023 15,568 1.59 2024 4,197 1.19 Total FHLB advances 74,336 1.44 Total short-term and FHLB borrowings $ 80,230 1.37 % At December 31, 2019 Weighted Type Maturing Amount Average Rate Open Repo Plus Overnight $ 22,412 1.81 % FHLB Advances 2020 18,729 1.75 2021 9,496 2.28 2022 17,838 2.21 2023 5,568 2.48 2024 2,037 1.86 Total FHLB advances 53,668 2.08 Total short-term and FHLB borrowings $ 76,080 2.00 % The rate on Open Repo Plus advances can change daily, while the rates on the advances are fixed until the maturity of the advance. All FHLB stock along with an interest in certain residential mortgage, commercial real estate, and commercial and industrial loans with an aggregate statutory value equal to the amount of the advances are pledged as collateral to the FHLB of Pittsburgh to support these borrowings.

Lease Commitments

Lease Commitments	9 Months Ended
	Sep. 30, 2020
Lease Commitments
Lease Commitments	12. Lease Commitments The Company has operating and financing leases for several office locations and equipment. Several assumptions and judgments were made when applying the requirements of ASU 2016-02, Leases (Topic 842) to the Company's lease commitments, including the allocation of consideration in the contracts between lease and non-lease components, determination of the lease term, and determination of the discount rate used in calculating the present value of the lease payments. Many of our leases include both lease (e.g., minimum rent payments) and non-lease components, such as common area maintenance charges, utilities, real estate taxes, and insurance. The Company has elected to account for the variable non-lease components separately from the lease component. Such variable non-lease components are reported in net occupancy expense on the Consolidated Statements of Operations when incurred. These variable non-lease components were excluded from the calculation of the present value of the remaining lease payments, therefore, they are not included in the right-of-use assets and lease liabilities reported on the Consolidated Balance Sheets. The following table presents the lease cost associated with both operating and financing leases for the three and nine month periods ending September 30, 2020 and 2019 (in thousands). Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Lease cost Financing lease cost: Amortization of right-of-use asset $ 68 $ 64 $ 203 $ 193 Interest expense 28 29 85 88 Operating lease cost 29 29 87 87 Total lease cost $ 125 $ 122 $ 375 $ 368 Certain of the Company's leases contain options to renew the lease after the initial term. Management considers the Company's historical pattern of exercising renewal options on leases and the performance of the leased locations, when determining whether it is reasonably certain that the leases will be renewed. If management concludes that there is reasonable certainty about the renewal option, it is included in the calculation of the remaining term of each applicable lease. The discount rate utilized in calculating the present value of the remaining lease payments for each lease was the Federal Home Loan Bank of Pittsburgh advance rate corresponding to the remaining maturity of the lease. The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at September 30, 2020 and December 31, 2019. September 30, 2020 December 31, 2019 Operating Financing Operating Financing Weighted-average remaining term (years) 11.5 16.1 11.9 17.1 Weighted-average discount rate 3.48 % 3.51 % 3.46 % 3.60 % The following table presents the undiscounted cash flows due related to operating and financing leases, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets (in thousands). September 30, 2020 OPERATING FINANCING Undiscounted cash flows due: Within 1 year $ 119 $ 316 After 1 year but within 2 years 110 319 After 2 years but within 3 years 69 320 After 3 years but within 4 years 69 253 After 4 years but within 5 years 69 252 After 5 years 539 2,821 Total undiscounted cash flows 975 4,281 Discount on cash flows (177) (1,120) Total lease liabilities $ 798 $ 3,161 December 31, 2019 OPERATING FINANCING Undiscounted cash flows due: Within 1 year $ 118 $ 296 After 1 year but within 2 years 120 275 After 2 years but within 3 years 98 277 After 3 years but within 4 years 69 274 After 4 years but within 5 years 69 236 After 5 years 589 3,007 Total undiscounted cash flows 1,063 4,365 Discount on cash flows (198) (1,202) Total lease liabilities $ 865 $ 3,163 Under Topic 842, the lessee can elect to not record on the Consolidated Balance Sheets a lease whose term is twelve months or less and does not include a purchase option that the lessee is reasonably certain to exercise. As of September 30, 2020, the Company had no short-term leases. As of December 31, 2019, the Company had one short-term equipment lease which it elected to not record on the Consolidated Balance Sheets.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss	13. Accumulated Other Comprehensive Loss The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three and nine months ended September 30, 2020 and 2019 (in thousands): Three months ended September 30, 2020 Three months ended September 30, 2019 Net Net Unrealized Unrealized Gains and Gains and Losses on Defined Losses on Defined Investment Benefit Investment Benefit Securities Pension Securities Pension AFS (1) Items (1) Total (1) AFS (1) Items (1) Total (1) Beginning balance $ 3,398 $ (17,469) $ (14,071) $ 1,398 $ (13,948) $ (12,550) Other comprehensive income (loss) before reclassifications 113 (483) (370) 480 (7) 473 Amounts reclassified from accumulated other comprehensive loss — 483 483 (69) 325 256 Net current period other comprehensive income 113 — 113 411 318 729 Ending balance $ 3,511 $ (17,469) $ (13,958) $ 1,809 $ (13,630) $ (11,821) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. Nine months ended September 30, 2020 Nine months ended September 30, 2019 Net Net Unrealized Unrealized Gains and Gains and Losses on Defined Losses on Defined Investment Benefit Investment Benefit Securities Pension Securities Pension AFS (1) Items (1) Total (1) AFS (1) Items (1) Total (1) Beginning balance $ 1,715 $ (17,886) $ (16,171) $ (1,409) $ (12,816) $ (14,225) Other comprehensive income (loss) before reclassifications 1,796 (1,031) 765 3,311 (1,790) 1,521 Amounts reclassified from accumulated other comprehensive loss — 1,448 1,448 (93) 976 883 Net current period other comprehensive income (loss) 1,796 417 2,213 3,218 (814) 2,404 Ending balance $ 3,511 $ (17,469) $ (13,958) $ 1,809 $ (13,630) $ (11,821) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the three and nine months ended Septembere 30, 2020 and 2019 (in thousands): Amount reclassified from accumulated other comprehensive loss (1) For the three For the three months ended months ended Affected line item in the Details about accumulated other comprehensive loss components September 30, 2020 September 30, 2019 statement of operations Realized (gains) losses on sale of securities $ — $ (88) Net realized gains on investment securities — 19 Provision for income taxes $ — $ (69) Amortization of estimated defined benefit pension plan loss (2) $ 611 $ 412 Other expense (128) (87) Provision for income taxes $ 483 $ 325 Total reclassifications for the period $ 483 $ 256 (1) Amounts in parentheses indicate credits. (2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details). Amount reclassified from accumulated other comprehensive loss (1) For the nine For the nine months ended months ended Affected line item in the Details about accumulated other comprehensive loss components September 30, 2020 September 30, 2019 statement of operations Realized (gains) losses on sale of securities $ — $ (118) Net realized gains on investment securities — 25 Provision for income taxes $ — $ (93) Amortization of estimated defined benefit pension plan loss (2) $ 1,833 $ 1,236 Other expense (385) (260) Provision for income taxes $ 1,448 $ 976 Total reclassifications for the period $ 1,448 $ 883 (1) Amounts in parentheses indicate credits. (2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details).

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2020
Regulatory Capital
Regulatory Capital	14. Regulatory Capital The Company is subject to various capital requirements administered by the federal banking agencies. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. For a more detailed discussion, see the Capital Resources section of Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A). Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total, common equity tier 1, and tier 1 capital to risk-weighted assets (as defined) and tier 1 capital to average assets. Additionally, under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. As of September 30, 2020, the Bank was categorized as “well capitalized” under the regulatory framework for prompt corrective action promulgated by the Federal Reserve. The Company believes that no conditions or events have occurred that would change this conclusion as of such date. To be categorized as well capitalized, the Bank must maintain minimum total capital, common equity tier 1 capital, tier 1 capital, and tier 1 leverage ratios as set forth in the table (in thousands, except ratios). At September 30, 2020 TO BE WELL MINIMUM CAPITALIZED REQUIRED UNDER FOR PROMPT CAPITAL CORRECTIVE ADEQUACY ACTION COMPANY BANK PURPOSES REGULATIONS* AMOUNT RATIO AMOUNT RATIO RATIO RATIO (IN THOUSANDS, EXCEPT RATIOS) Total Capital (To Risk Weighted Assets) $ 135,967 13.02 % $ 122,960 11.80 % 8.00 % 10.00 % Tier 1 Common Equity (To Risk Weighted Assets) 105,383 10.09 111,803 10.73 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 117,282 11.23 111,803 10.73 6.00 8.00 Tier 1 Capital (To Average Assets) 117,282 9.39 111,803 9.05 4.00 5.00 At December 31, 2019 TO BE WELL MINIMUM CAPITALIZED REQUIRED UNDER FOR PROMPT CAPITAL CORRECTIVE ADEQUACY ACTION COMPANY BANK PURPOSES REGULATIONS* AMOUNT RATIO AMOUNT RATIO RATIO RATIO (IN THOUSANDS, EXCEPT RATIOS) Total Capital (To Risk Weighted Assets) $ 132,544 13.49 % $ 119,477 12.23 % 8.00 % 10.00 % Tier 1 Common Equity (To Risk Weighted Assets) 102,841 10.47 109,173 11.17 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 114,729 11.68 109,173 11.17 6.00 8.00 Tier 1 Capital (To Average Assets) 114,729 9.87 109,173 9.50 4.00 5.00 * Additionally, while not a regulatory capital ratio, the Company’s tangible common equity ratio was 7.34% (non-GAAP) at September 30, 2020. See the reconciliation of the tangible common equity ratio under the Balance Sheet section of the MD&A.

Derivative Hedging Instruments

Derivative Hedging Instruments	9 Months Ended
	Sep. 30, 2020
Derivative Hedging Instruments
Derivative Hedging Instruments	15. Derivative Hedging Instruments The Company can use various interest rate contracts, such as interest rate swaps, caps, floors and swaptions to help manage interest rate and market valuation risk exposure, which is incurred in normal recurrent banking activities. The Company can use derivative instruments, primarily interest rate swaps, to manage interest rate risk and match the rates on certain assets by hedging the fair value of certain fixed rate debt, which converts the debt to variable rates and by hedging the cash flow variability associated with certain variable rate debt by converting the debt to fixed rates. To accommodate the needs of our customers and support the Company’s asset/liability positioning, we may enter into interest rate swap agreements with customers and a large financial institution that specializes in these types of transactions. These arrangements involve the exchange of interest payments based on the notional amounts. The Company entered into floating rate loans and fixed rate swaps with our customers. Simultaneously, the Company entered into offsetting fixed rate swaps with Pittsburgh National Bank (PNC). In connection with each swap transaction, the Company agrees to pay interest to the customer on a notional amount at a variable interest rate and receive interest from the customer on the same notional amount at a fixed interest rate. At the same time, the Company agrees to pay PNC the same fixed interest rate on the same notional amount and receive the same variable interest rate on the same notional amount. These transactions allow the Company’s customers to effectively convert a variable rate loan to a fixed rate. Because the Company acts as an intermediary for its customers, changes in the fair value of the underlying derivative contracts offset each other and do not significantly impact the Company’s results of operations. These swaps are considered free-standing derivatives and are reported at fair value within other assets and other liabilities on the Consolidated Balance Sheets. Disclosures related to the fair value of the swap transactions can be found in Note 19. The following table summarizes the interest rate swap transactions that impacted the Company’s first nine months of 2020 and 2019 performance (in thousands, except percentages). At September 30, 2020 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY EXPENSE Swap assets Fair Value $ 36,726 3.06 % Monthly $ (345) Swap liabilities Fair Value (36,726) (3.06) Monthly 345 Net exposure — — — At September 30, 2019 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY EXPENSE Swap assets Fair Value $ 23,866 4.69 % Monthly $ 11 Swap liabilities Fair Value (23,866) (4.69) Monthly (11) Net exposure — — — The Company monitors and controls all derivative products with a comprehensive Board of Directors approved Hedging Policy. This policy permits a total maximum notional amount outstanding of $500 million for interest rate swaps, interest rate caps/floors, and swaptions. All hedge transactions must be approved in advance by the Investment Asset/Liability Committee (ALCO) of the Board of Directors, unless otherwise approved, as per the terms, within the Board of Directors approved Hedging Policy. The Company had no caps or floors outstanding at September 30, 2020 and 2019. None of the Company's derivatives are designated as hedging instruments.

Segment Results

Segment Results	9 Months Ended
	Sep. 30, 2020
Segment Results
Segment Results	16. Segment Results The financial performance of the Company is also monitored by an internal funds transfer pricing profitability measurement system which produces line of business results and key performance measures. The Company’s major business units include community banking, wealth management, and investment/parent. The reported results reflect the underlying economics of the business segments. Expenses for centrally provided services are allocated based upon the cost and estimated usage of those services. The businesses are match-funded and interest rate risk is centrally managed and accounted for within the investment/parent business segment. The key performance measure the Company focuses on for each business segment is net income contribution. The community banking segment includes both retail and commercial banking activities. Retail banking includes the deposit-gathering branch franchise and lending to both individuals and small businesses. Lending activities include residential mortgage loans, direct consumer loans, and small business commercial loans. Commercial banking to businesses includes commercial loans, business services, and CRE loans. The wealth management segment includes the Trust Company, West Chester Capital Advisors (WCCA), our registered investment advisory firm, and Financial Services. Wealth management activities include personal trust products and services such as personal portfolio investment management, estate planning and administration, custodial services and pre-need trusts. Also, institutional trust products and services such as 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts are included in this segment. Financial Services include the sale of mutual funds, annuities, and insurance products. The wealth management businesses also include the union collective investment funds (ERECT funds) which are designed to use union pension dollars in construction projects that utilize union labor. The investment/parent includes the net results of investment securities and borrowing activities, general corporate expenses not allocated to the business segments, interest expense on corporate debt, and centralized interest rate risk management. Inter-segment revenues were not material. The contribution of the major business segments to the Consolidated Statements of Operations for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands): Three months ended Nine months ended September 30, 2020 September 30, 2020 Total revenue Net income (loss) Total revenue Net income (loss) Community banking $ 12,263 $ 2,509 $ 36,096 $ 7,788 Wealth management 2,620 547 7,672 1,510 Investment/Parent (1,788) (1,978) (4,850) (5,392) Total $ 13,095 $ 1,078 $ 38,918 $ 3,906 Three months ended Nine months ended September 30, 2019 September 30, 2019 Total revenue Net income (loss) Total revenue Net income (loss) Community banking $ 11,739 $ 2,791 $ 34,367 $ 8,621 Wealth management 2,458 477 7,315 1,365 Investment/Parent (1,338) (1,579) (3,843) (4,627) Total $ 12,859 $ 1,689 $ 37,839 $ 5,359

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2020
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	17. Commitments and Contingent Liabilities The Company had various outstanding commitments to extend credit approximating $235.7 million and $195.5 million along with standby letters of credit of $13.5 million and $14.7 million as of September 30, 2020 and December 31, 2019, respectively. The Company’s exposure to credit loss in the event of nonperformance by the other party to these commitments to extend credit and standby letters of credit is represented by their contractual amounts. The Bank uses the same credit and collateral policies in making commitments and conditional obligations as for all other lending. Additionally, the Company is also subject to a number of asserted and unasserted potential claims encountered in the normal course of business. In the opinion of the Company, neither the resolution of these claims nor the funding of these credit commitments will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

Pension Benefits

Pension Benefits	9 Months Ended
	Sep. 30, 2020
Pension Benefits
Pension Benefits	18. Pension Benefits The Company has a noncontributory defined benefit pension plan covering certain employees who work at least 1,000 hours per year. The participants have a vested interest in their accrued benefit after five full years of service. The benefits of the plan are based upon the employee’s years of service and average annual earnings for the highest five consecutive calendar years during the final ten-year period of employment. Plan assets are primarily debt securities (including US Treasury and Agency securities, corporate notes and bonds), listed common stocks (including shares of AmeriServ Financial, Inc. common stock which is limited to 10% of the plan’s assets), mutual funds, and short-term cash equivalent instruments. The net periodic pension cost for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 COMPONENTS OF NET PERIODIC BENEFIT COST: Service cost $ 419 $ 368 $ 1,257 $ 1,104 Interest cost 320 392 960 1,176 Expected return on plan assets (811) (756) (2,433) (2,268) Recognized net actuarial loss 611 412 1,833 1,236 Net periodic pension cost $ 539 $ 416 $ 1,617 $ 1,248 The service cost component of net periodic benefit cost is included in “Salaries and employee benefits” and all other components of net periodic benefit cost are included in “Other expense” in the Consolidated Statements of Operations. The Company implemented a soft freeze of its defined benefit pension plan to provide that non-union employees hired on or after January 1, 2013 and union employees hired on or after January 1, 2014 are not eligible to participate in the pension plan. Instead, such employees are eligible to participate in a qualified 401(k) plan. This change was made to help reduce pension costs in future periods.

Disclosures about Fair Value Me

Disclosures about Fair Value Measurements and Financial Instruments	9 Months Ended
	Sep. 30, 2020
Disclosures about Fair Value Measurements and Financial Instruments
Disclosures about Fair Value Measurements and Financial Instruments	19. Disclosures about Fair Value Measurements and Financial Instruments The following disclosures establish a hierarchal disclosure framework associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The three broad levels defined within this hierarchy are as follows: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Assets and Liability Measured and Recorded on a Recurring Basis Equity securities are reported at fair value utilizing Level 1 inputs. These securities are mutual funds held within a rabbi trust for the Company's executive deferred compensation plan. The mutual funds held are open-end funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value and to transact at that price. Securities classified as available for sale are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quoted market spreads, cash flows, the US Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond’s terms and conditions, among other things. The fair values of the interest rate swaps used for interest rate risk management are based on an external derivative valuation model using data inputs from similar transactions as of the valuation date and classified Level 2. The following table presents the assets and liability measured and reported on the Consolidated Balance Sheets on a recurring basis at their fair value as of September 30, 2020 and December 31, 2019, by level within the fair value hierarchy (in thousands). Fair Value Measurements at September 30, 2020 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities $ 424 $ 424 $ — $ — Available for sale securities: U.S. Agency 3,276 — 3,276 — U.S. Agency mortgage-backed securities 69,042 — 69,042 — Municipal 18,651 — 18,651 — Corporate bonds 50,747 — 50,747 — Fair value swap asset 3,665 — 3,665 — Fair value swap liability (3,665) — (3,665) — Fair Value Measurements at December 31, 2019 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities $ 366 $ 366 $ — $ — Available for sale securities: U.S. Agency 5,116 — 5,116 — U.S. Agency mortgage-backed securities 81,633 — 81,633 — Municipal 15,170 — 15,170 — Corporate bonds 39,830 — 39,830 — Fair value swap asset 959 — 959 — Fair value swap liability (959) — (959) — Assets Measured and Recorded on a Non-Recurring Basis Loans considered impaired are loans for which, based on current information and events, it is probable that the creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are reported at the fair value of the underlying collateral if the repayment is expected solely from the collateral. Collateral values are estimated using Level 3 inputs based on observable market data which at times are discounted using unobservable inputs. At September 30, 2020, collateral-based impaired loans with a carrying value of $266,000 were reduced by a specific valuation allowance totaling $8,000 resulting in a net fair value of $258,000. At December 31, 2019, collateral-based impaired loans with a carrying value of $263,000 were reduced by a specific valuation allowance totaling $8,000 resulting in a net fair value of $255,000. Other real estate owned is measured at fair value based on appraisals, less estimated costs to sell at the date of foreclosure. Valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less cost to sell. Income and expenses from operations and changes in valuation allowance are included in the net expenses from OREO. Assets measured and recorded at fair value on a non-recurring basis are summarized below (in thousands, except range data): FAIR VALUE MEASUREMENTS AT SEPTEMBER 30, 2020 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans $ 258 $ — $ — $ 258 Other real estate owned 40 — — 40 FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2019 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans $ 255 $ — $ — $ 255 Other real estate owned 37 — — 37 September 30, 2020 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable Fair Value Techniques Input Range (Wgtd Ave) Impaired loans $ 258 Appraisal of Appraisal 0% to 100% (3%) collateral (1) adjustments(2) Other real estate owned 40 Appraisal of Appraisal 57% (57%) collateral (1) adjustments(2) Liquidation 22% to 38% (30%) expenses December 31, 2019 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable Fair Value Techniques Input Range (Wgtd Ave) Impaired loans $ 255 Appraisal of Appraisal 0% to 100% (3%) collateral (1) adjustments(2) Other real estate owned 37 Appraisal of Appraisal 0% to 57% (38%) collateral (1) adjustments(2) Liquidation 21% to 134% (30%) expenses (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions. FAIR VALUE OF FINANCIAL INSTRUMENTS For the Company, as for most financial institutions, approximately 90% of its assets and liabilities are considered financial instruments. Many of the Company’s financial instruments, however, lack an available trading market characterized by a willing buyer and willing seller engaging in an exchange transaction. Therefore, significant estimates and present value calculations were used by the Company for the purpose of this disclosure. Fair values have been determined by the Company using independent third party valuations that use the best available data (Level 2) and an estimation methodology (Level 3) the Company believes is suitable for each category of financial instruments. Management believes that cash and cash equivalents, bank owned life insurance, regulatory stock, accrued interest receivable and payable, and short-term borrowings have fair values which approximate the recorded carrying values. The fair value measurements for all of these financial instruments are Level 1 measurements. The estimated fair values based on US GAAP measurements and recorded carrying values at September 30, 2020 and December 31, 2019, for the remaining financial instruments not required to be measured or reported at fair value were as follows: September 30, 2020 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (IN THOUSANDS) FINANCIAL ASSETS: Investment securities – HTM $ 42,636 $ 45,308 $ — $ 42,311 $ 2,997 Loans held for sale 7,587 7,766 7,766 — — Loans, net of allowance for loan loss and unearned income 931,496 941,988 — — 941,988 FINANCIAL LIABILITIES: Deposits with no stated maturities 728,507 745,879 — — 745,879 Deposits with stated maturities 313,728 317,679 — — 317,679 All other borrowings (1) 94,830 100,945 — — 100,945 December 31, 2019 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (IN THOUSANDS) FINANCIAL ASSETS: Investment securities – HTM $ 39,936 $ 41,082 $ — $ 38,129 $ 2,953 Loans held for sale 4,868 4,970 4,970 — — Loans, net of allowance for loan loss and unearned income 873,427 873,908 — — 873,908 FINANCIAL LIABILITIES: Deposits with no stated maturities 651,469 631,023 — — 631,023 Deposits with stated maturities 309,044 310,734 — — 310,734 All other borrowings (1) 74,134 76,323 — — 76,323 (1) All other borrowings include advances from Federal Home Loan Bank, guaranteed junior subordinated deferrable interest debentures, and subordinated debt. Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values. The Company’s remaining assets and liabilities which are not considered financial instruments have not been valued differently than has been customary under historical cost accounting.

Risks and Uncertainties

Risks and Uncertainties	9 Months Ended
	Sep. 30, 2020
Risks and Uncertainties
Risks and Uncertainties	20. Risks and Uncertainties The impact of the COVID-19 pandemic is fluid and continues to evolve, adversely affecting many of the Company’s customers. The pandemic and its associated impacts on trade (including supply chains and export levels), travel, employee productivity, unemployment, and consumer spending has resulted in less economic activity, and significant volatility and disruption in the financial markets. The ultimate extent of the impact of the COVID-19 pandemic on the Company’s business, financial condition, and results of operations is currently uncertain and will depend on various developments and other factors, including, among others, the duration and scope of the pandemic, as well as governmental, regulatory, and private sector responses to the pandemic, and the associated impacts on the economy, financial markets and our customers, employees, and vendors. While the full effects of the pandemic remain unknown, the Company is committed to supporting its customers, employees, and communities during this difficult time.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue Recognition
Schedule of non-interest income, segregated by revenue	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine month periods ending September 30, 2020 and 2019 (in thousands). Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Non-interest income: In-scope of Topic 606 Wealth management fees $ 2,604 $ 2,431 $ 7,629 $ 7,246 Service charges on deposit accounts 206 321 668 948 Other 485 471 1,271 1,325 Non-interest income (in-scope of topic 606) 3,295 3,223 9,568 9,519 Non-interest income (out-of-scope of topic 606) 1,009 872 2,335 1,838 Total non-interest income $ 4,304 $ 4,095 $ 11,903 $ 11,357

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Common Share
Schedule of Earnings Per Common Share	Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 (In thousands, except per share data) Numerator: Net income $ 1,078 $ 1,689 $ 3,906 $ 5,359 Denominator: Weighted average common shares outstanding (basic) 17,059 17,278 17,051 17,443 Effect of stock options 3 82 12 81 Weighted average common shares outstanding (diluted) 17,062 17,360 17,063 17,524 Earnings per common share : Basic $ 0.06 $ 0.10 $ 0.23 $ 0.31 Diluted 0.06 0.10 0.23 0.31

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2020
Investment Securities
Schedule of cost basis and fair values of investment securities	SEPTEMBER 30, 2020 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 3,079 $ 197 $ — $ 3,276 U.S. Agency mortgage-backed securities 66,198 2,850 (6) 69,042 Municipal 17,409 1,242 — 18,651 Corporate bonds 50,586 557 (396) 50,747 Total $ 137,272 $ 4,846 $ (402) $ 141,716 Investment securities held to maturity (HTM): SEPTEMBER 30, 2020 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency mortgage-backed securities $ 7,719 $ 394 $ — $ 8,113 Municipal 28,889 2,225 (51) 31,063 Corporate bonds and other securities 6,028 108 (4) 6,132 Total $ 42,636 $ 2,727 $ (55) $ 45,308 Investment securities available for sale (AFS): DECEMBER 31, 2019 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 5,084 $ 32 $ — $ 5,116 U.S. Agency mortgage-backed securities 80,046 1,681 (94) 81,633 Municipal 14,678 509 (17) 15,170 Corporate bonds 39,769 342 (281) 39,830 Total $ 139,577 $ 2,564 $ (392) $ 141,749 Investment securities held to maturity (HTM): DECEMBER 31, 2019 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency mortgage-backed securities $ 9,466 $ 251 $ (4) $ 9,713 Municipal 24,438 941 (53) 25,326 Corporate bonds and other securities 6,032 58 (47) 6,043 Total $ 39,936 $ 1,250 $ (104) $ 41,082
Schedule of investments with unrealized losses	The following tables present information concerning investments with unrealized losses as of September 30, 2020 and December 31, 2019 (in thousands): Total investment securities: SEPTEMBER 30, 2020 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ — $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities 1,438 (5) 138 (1) 1,576 (6) Municipal 1,044 (1) 752 (50) 1,796 (51) Corporate bonds and other securities 15,741 (259) 6,859 (141) 22,600 (400) Total $ 18,223 $ (265) $ 7,749 $ (192) $ 25,972 $ (457) Total investment securities: DECEMBER 31, 2019 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ — $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities 7,084 (23) 8,562 (75) 15,646 (98) Municipal 2,269 (18) 1,123 (52) 3,392 (70) Corporate bonds and other securities 7,797 (85) 11,783 (243) 19,580 (328) Total $ $ (126) $ $ (370) $ 38,618 $ (496)
Schedule of investment securities	September 30, 2020 Available for sale Held to maturity Cost Basis Fair Value Cost Basis Fair Value Within 1 year $ 5,060 $ 5,093 $ 3,400 $ 3,403 After 1 year but within 5 years 22,222 22,536 7,629 8,054 After 5 years but within 10 years 48,851 50,395 17,115 18,607 After 10 years but within15 years 19,253 20,120 9,395 9,946 Over 15 years 41,886 43,572 5,097 5,298 Total $ 137,272 $ 141,716 $ 42,636 $ 45,308

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2020
Loans
Schedule of loan portfolio	The loan portfolio of the Company consists of the following (in thousands): September 30, 2020 December 31, 2019 Commercial: Commercial and industrial $ 152,636 $ 173,922 Paycheck Protection Program (PPP) 68,460 — Commercial loans secured by owner occupied real estate 90,819 91,655 Commercial loans secured by non-owner occupied real estate 378,858 363,635 Real estate − residential mortgage 233,811 235,239 Consumer 17,196 18,255 Loans, net of unearned income $ 941,780 $
Summary of risk concentrations for commercial and commercial real estate loans by industry type	The following table provides information regarding our potential COVID-19 risk concentrations for commercial and commercial real estate loans by industry type at September 30, 2020 (in thousands). Paycheck Commercial loans Commercial loans Commercial Protection secured by owner secured by non-owner and industrial Program occupied real estate occupied real estate Total 1-4 unit residential $ 1,488 $ — $ 107 $ 5,920 $ 7,515 Multifamily/apartments/student housing — — 418 54,963 55,381 Office 32,793 9,924 10,075 34,452 87,244 Retail 7,997 1,786 21,213 116,830 147,826 Industrial/manufacturing/warehouse 89,382 29,463 17,751 43,093 179,689 Hotels 372 1,287 — 41,830 43,489 Eating and drinking places 855 13,630 4,424 538 19,447 Amusement and recreation 245 106 3,345 46 3,742 Mixed use — — 2,802 66,435 69,237 Other 19,504 12,264 30,684 14,751 77,203 Total $ 152,636 $ 68,460 $ 90,819 $ 378,858 $ 690,773

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2020
Allowance for Loan Losses
Schedule of Loan losses by portfolio segment	The following tables summarize the rollforward of the allowance for loan losses by portfolio segment for the three and nine month periods ending September 30, 2020 and 2019 (in thousands). Three months ended September 30, 2020 Balance at Charge- Provision Balance at June 30, 2020 Offs Recoveries (Credit) September 30, 2020 Commercial $ 3,784 $ (111) $ 1 $ (638) $ 3,036 Commercial loans secured by non-owner occupied real estate 3,619 — 10 1,261 4,890 Real estate-residential mortgage 1,216 (19) 24 4 1,225 Consumer 119 (14) 19 (4) 120 Allocation for general risk 961 — — 52 1,013 Total $ 9,699 $ (144) $ 54 $ 675 $ 10,284 Three months ended September 30, 2019 Balance at Charge- Provision Balance at June 30, 2019 Offs Recoveries (Credit) September 30, 2019 Commercial $ 2,538 $ (1) $ 8 $ 464 $ 3,009 Commercial loans secured by non-owner occupied real estate 3,425 — 12 (81) 3,356 Real estate-residential mortgage 1,218 — 25 (46) 1,197 Consumer 124 (36) 10 28 126 Allocation for general risk 797 — — (140) 657 Total $ 8,102 $ (37) $ 55 $ 225 $ 8,345 Nine months ended September 30, 2020 Balance at Charge- Provision Balance at December 31, 2019 Offs Recoveries (Credit) September 30, 2020 Commercial $ 3,951 $ (111) $ 1 $ (805) $ 3,036 Commercial loans secured by non-owner occupied real estate 3,119 — 31 1,740 4,890 Real estate-residential mortgage 1,159 (201) 46 221 1,225 Consumer 126 (105) 44 55 120 Allocation for general risk 924 — — 89 1,013 Total $ 9,279 $ (417) $ 122 $ 1,300 $ 10,284 Nine months ended September 30, 2019 Balance at Charge- Provision Balance at December 31, 2018 Offs Recoveries (Credit) September 30, 2019 Commercial $ 3,057 $ (1) $ 13 $ (60) $ 3,009 Commercial loans secured by non-owner occupied real estate 3,389 (63) 36 (6) 3,356 Real estate-residential mortgage 1,235 (71) 101 (68) 1,197 Consumer 127 (206) 40 165 126 Allocation for general risk 863 — — (206) 657 Total $ 8,671 $ (341) $ 190 $ (175) $ 8,345
Schedule of Loan loss by the primary segments	The following tables summarize the loan portfolio and allowance for loan loss by the primary segments of the loan portfolio (in thousands). At September 30, 2020 Commercial Loans Secured by Non-Owner Real Estate- Occupied Residential Allocation for Commercial Real Estate Mortgage Consumer General Risk Total Loans: Individually evaluated for impairment $ 859 $ 8 $ — $ — $ 867 Collectively evaluated for impairment 311,056 378,850 233,811 17,196 940,913 Total loans $ 311,915 $ 378,858 $ 233,811 $ 17,196 $ 941,780 Allowance for loan losses: Specific reserve allocation $ 98 $ 8 $ — $ — $ — $ 106 General reserve allocation 2,938 4,882 1,225 120 1,013 10,178 Total allowance for loan losses $ 3,036 $ 4,890 $ 1,225 $ 120 $ 1,013 $ 10,284 At December 31, 2019 Commercial Loans Secured by Non-Owner Real Estate- Occupied Residential Allocation for Commercial Real Estate Mortgage Consumer General Risk Total Loans: Individually evaluated for impairment $ 816 $ 8 $ — $ — $ 824 Collectively evaluated for impairment 264,761 363,627 235,239 18,255 881,882 Total loans $ 265,577 $ 363,635 $ 235,239 $ 18,255 $ 882,706 Allowance for loan losses: Specific reserve allocation $ 84 $ 8 $ — $ — $ — $ 92 General reserve allocation 3,867 3,111 1,159 126 924 9,187 Total allowance for loan losses $ 3,951 $ 3,119 $ 1,159 $ 126 $ 924 $ 9,279
Schedule of Present impaired loans by portfolio segment	The following tables present impaired loans by portfolio segment, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary. At September 30, 2020 IMPAIRED LOANS WITH IMPAIRED LOANS WITH NO SPECIFIC SPECIFIC ALLOWANCE ALLOWANCE TOTAL IMPAIRED LOANS UNPAID RECORDED RELATED RECORDED RECORDED PRINCIPAL INVESTMENT ALLOWANCE INVESTMENT INVESTMENT BALANCE (IN THOUSANDS) Commercial $ 859 $ 98 $ — $ 859 $ 859 Commercial loans secured by non-owner occupied real estate 8 8 — 8 30 Total impaired loans $ 867 $ 106 $ — $ 867 $ 889 At December 31, 2019 IMPAIRED LOANS WITH IMPAIRED LOANS WITH NO SPECIFIC SPECIFIC ALLOWANCE ALLOWANCE TOTAL IMPAIRED LOANS UNPAID RECORDED RELATED RECORDED RECORDED PRINCIPAL INVESTMENT ALLOWANCE INVESTMENT INVESTMENT BALANCE (IN THOUSANDS) Commercial 816 $ 84 $ — $ 816 $ 816 Commercial loans secured by non-owner occupied real estate $ 8 $ 8 $ — $ 8 $ 30 Total impaired loans $ 824 $ 92 $ — $ 824 $ 846
Schedule of Investment in impaired loans and related interest income	The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated (in thousands). Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Average impaired balance: Commercial $ 839 $ 785 $ 832 $ 393 Commercial loans secured by non-owner occupied real estate 8 10 8 10 Average investment in impaired loans $ 847 $ 795 $ 840 $ 403 Interest income recognized: Commercial $ 9 $ 13 $ 31 $ 17 Commercial loans secured by non-owner occupied real estate — — — — Interest income recognized on a cash basis on impaired loans $ 9 $ 13 $ 31 $ 17
Schedule of Commercial and commercial real estate loan portfolios	The following table presents the classes of the commercial and commercial real estate loan portfolios summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system. At September 30, 2020 SPECIAL PASS MENTION SUBSTANDARD DOUBTFUL TOTAL (IN THOUSANDS) Commercial and industrial $ 142,948 $ 6,336 $ 3,352 $ — $ 152,636 Paycheck Protection Program (PPP) 68,460 — — — 68,460 Commercial loans secured by owner occupied real estate 87,844 1,889 1,086 — 90,819 Commercial loans secured by non-owner occupied real estate 349,901 27,472 1,477 8 378,858 Total $ 649,153 $ 35,697 $ 5,915 $ 8 $ 690,773 At December 31, 2019 SPECIAL PASS MENTION SUBSTANDARD DOUBTFUL TOTAL (IN THOUSANDS) Commercial and industrial $ 161,147 $ 853 $ 11,922 $ — $ 173,922 Commercial loans secured by owner occupied real estate 88,942 1,384 1,329 — 91,655 Commercial loans secured by non-owner occupied real estate 362,027 — 1,600 8 363,635 Total $ 612,116 $ 2,237 $ 14,851 $ 8 $ 629,212
Schedule of Residential and consumer portfolio	The following tables present the performing and non-performing outstanding balances of the residential and consumer portfolio classes. At September 30, 2020 NON- PERFORMING PERFORMING TOTAL (IN THOUSANDS) Real estate – residential mortgage $ 232,115 $ 1,696 $ 233,811 Consumer 17,196 — 17,196 Total $ 249,311 $ 1,696 $ 251,007 At December 31, 2019 NON- PERFORMING PERFORMING TOTAL (IN THOUSANDS) Real estate – residential mortgage $ 233,760 $ 1,479 $ 235,239 Consumer 18,255 — 18,255 Total $ 252,015 $ 1,479 $ 253,494
Schedule of Credit quality of the loan portfolio	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans. At September 30, 2020 90 DAYS 30 – 59 60 – 89 PAST DUE DAYS DAYS 90 DAYS TOTAL TOTAL AND STILL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ACCRUING (IN THOUSANDS) Commercial and industrial $ 152,558 $ 78 $ — $ — $ 78 $ 152,636 $ — Paycheck Protection Program (PPP) 68,460 — — — — 68,460 $ — Commercial loans secured by owner occupied real estate 90,819 — — — — 90,819 — Commercial loans secured by non-owner occupied real estate 378,858 — — — — 378,858 — Real estate – residential mortgage 229,851 1,922 1,039 999 3,960 233,811 — Consumer 17,156 40 — — 40 17,196 — Total $ 937,702 $ 2,040 $ 1,039 $ 999 $ 4,078 $ 941,780 $ — At December 31, 2019 90 DAYS 30 – 59 60 – 89 PAST DUE DAYS DAYS 90 DAYS TOTAL TOTAL AND STILL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ACCRUING (IN THOUSANDS) Commercial and industrial $ 173,922 $ — $ — $ — $ — $ 173,922 $ — Commercial loans secured by owner occupied real estate 91,538 117 — — 117 91,655 — Commercial loans secured by non-owner occupied real estate 363,635 — — — — 363,635 — Real estate – residential mortgage 231,022 2,331 864 1,022 4,217 235,239 — Consumer 18,190 42 23 — 65 18,255 — Total $ 878,307 $ 2,490 $ 887 $ 1,022 $ 4,399 $ 882,706 $ —

Non-Performing Assets Includi_2

Non-Performing Assets Including Troubled Debt Restructurings (TDR) (Tables)	9 Months Ended
	Sep. 30, 2020
Non-Performing Assets Including Troubled Debt Restructurings (TDR)
Schedule of nonperforming assets including trouble debt restructurings	The following table presents information concerning non-performing assets including TDR (in thousands, except percentages): September 30, 2020 December 31, 2019 Non-accrual loans: Commercial and industrial $ 20 $ — Commercial loans secured by non-owner occupied real estate 8 8 Real estate – residential mortgage 1,696 1,479 Total 1,724 1,487 Other real estate owned: Real estate – residential mortgage 40 37 Total 40 37 TDR’s not in non-accrual: Commercial and industrial 839 815 Total 839 815 Total non-performing assets including TDR $ 2,603 $ 2,339 Total non-performing assets as a percent of loans, net of unearned income, and other real estate owned 0.27 % 0.26 %
Schedule of interest income on non accrual loans	The following table sets forth, for the periods indicated, (1) the gross interest income that would have been recorded if non-accrual loans had been current in accordance with their original terms and had been outstanding throughout the period or since origination if held for part of the period, (2) the amount of interest income actually recorded on such loans, and (3) the net reduction in interest income attributable to such loans (in thousands). Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Interest income due in accordance with original terms $ 22 $ 14 $ 60 $ 43 Interest income recorded — — — — Net reduction in interest income $ 22 $ 14 $ 60 $ 43
Schedule of troubled debt restructurings on financing receivables	Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 1 $ 47 Extension of maturity date with a below market interest rate The following table details the loans modified as TDR’s during the nine month period ended September 30, 2020 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 1 $ 750 Subsequent modification of a TDR - Extension of maturity date with a below market interest rate Commercial and industrial 1 47 Extension of maturity date with a below market interest rate The following table details the loan modified as a TDR during the three month period ended September 30, 2019 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 1 $ 70 Extension of maturity date with a below market interest rate The following table details the loans modified as TDR’s during the nine month period ended September 30, 2019 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 2 $ 820 Extension of maturity date with a below market interest rate
Summary of loans for which payment relief has been requested related to COVID-19	At September 30, 2020 At June 30, 2020 % of Outstanding % of Outstanding Balance Non-PPP Loans Balance Non-PPP Loans (in thousands) (in thousands) CRE/Commercial $ 140,132 21.8 % $ 190,276 30.4 % Home Equity/Consumer 160 0.2 5,890 6.0 Residential Mortgage 4,069 2.9 3,839 2.8 Total $ 144,361 16.4 $ 200,005 23.2
Summary of deferral of principal and interest payments	At September 30, 2020 At June 30, 2020 Number of Loans Balance Number of Loans Balance (in thousands) (in thousands) Type of Payment Relief Interest only payments 67 $ 74,680 83 $ 87,881 Complete payment deferrals 127 69,681 296 103,378 Maturity date extensions — — 4 8,746 Total 194 $ 144,361 383 $ 200,005

Short-Term and Federal Home L_2

Short-Term and Federal Home Loan Bank Borrowings (Tables)	9 Months Ended
	Sep. 30, 2020
Short-Term and Federal Home Loan Bank Borrowing
Schedule of federal home loan bank borrowings	Total short-term and Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages): At September 30, 2020 Weighted Type Maturing Amount Average Rate Federal Funds Purchased Overnight $ 2,000 0.65 % Open Repo Plus Overnight 3,894 0.39 FHLB Advances 2020 11,187 0.95 2021 22,496 1.08 2022 20,888 2.03 2023 15,568 1.59 2024 4,197 1.19 Total FHLB advances 74,336 1.44 Total short-term and FHLB borrowings $ 80,230 1.37 % At December 31, 2019 Weighted Type Maturing Amount Average Rate Open Repo Plus Overnight $ 22,412 1.81 % FHLB Advances 2020 18,729 1.75 2021 9,496 2.28 2022 17,838 2.21 2023 5,568 2.48 2024 2,037 1.86 Total FHLB advances 53,668 2.08 Total short-term and FHLB borrowings $ 76,080 2.00 %

Lease Commitments (Tables)

Lease Commitments (Tables)	9 Months Ended
	Sep. 30, 2020
Lease Commitments
Schedule of lease cost associated with both operating and financing leases	The following table presents the lease cost associated with both operating and financing leases for the three and nine month periods ending September 30, 2020 and 2019 (in thousands). Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Lease cost Financing lease cost: Amortization of right-of-use asset $ 68 $ 64 $ 203 $ 193 Interest expense 28 29 85 88 Operating lease cost 29 29 87 87 Total lease cost $ 125 $ 122 $ 375 $ 368
Schedule of weighted average discount rates and the remaining term of the leases	The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at September 30, 2020 and December 31, 2019. September 30, 2020 December 31, 2019 Operating Financing Operating Financing Weighted-average remaining term (years) 11.5 16.1 11.9 17.1 Weighted-average discount rate 3.48 % 3.51 % 3.46 % 3.60 %
Schedule of reconciliation to the discounted amount recorded on the consolidated balance sheets	The following table presents the undiscounted cash flows due related to operating and financing leases, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets (in thousands). September 30, 2020 OPERATING FINANCING Undiscounted cash flows due: Within 1 year $ 119 $ 316 After 1 year but within 2 years 110 319 After 2 years but within 3 years 69 320 After 3 years but within 4 years 69 253 After 4 years but within 5 years 69 252 After 5 years 539 2,821 Total undiscounted cash flows 975 4,281 Discount on cash flows (177) (1,120) Total lease liabilities $ 798 $ 3,161 December 31, 2019 OPERATING FINANCING Undiscounted cash flows due: Within 1 year $ 118 $ 296 After 1 year but within 2 years 120 275 After 2 years but within 3 years 98 277 After 3 years but within 4 years 69 274 After 4 years but within 5 years 69 236 After 5 years 589 3,007 Total undiscounted cash flows 1,063 4,365 Discount on cash flows (198) (1,202) Total lease liabilities $ 865 $ 3,163

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Loss
Schedule of accumulated other comprehensive loss, net of tax	The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three and nine months ended September 30, 2020 and 2019 (in thousands): Three months ended September 30, 2020 Three months ended September 30, 2019 Net Net Unrealized Unrealized Gains and Gains and Losses on Defined Losses on Defined Investment Benefit Investment Benefit Securities Pension Securities Pension AFS (1) Items (1) Total (1) AFS (1) Items (1) Total (1) Beginning balance $ 3,398 $ (17,469) $ (14,071) $ 1,398 $ (13,948) $ (12,550) Other comprehensive income (loss) before reclassifications 113 (483) (370) 480 (7) 473 Amounts reclassified from accumulated other comprehensive loss — 483 483 (69) 325 256 Net current period other comprehensive income 113 — 113 411 318 729 Ending balance $ 3,511 $ (17,469) $ (13,958) $ 1,809 $ (13,630) $ (11,821) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. Nine months ended September 30, 2020 Nine months ended September 30, 2019 Net Net Unrealized Unrealized Gains and Gains and Losses on Defined Losses on Defined Investment Benefit Investment Benefit Securities Pension Securities Pension AFS (1) Items (1) Total (1) AFS (1) Items (1) Total (1) Beginning balance $ 1,715 $ (17,886) $ (16,171) $ (1,409) $ (12,816) $ (14,225) Other comprehensive income (loss) before reclassifications 1,796 (1,031) 765 3,311 (1,790) 1,521 Amounts reclassified from accumulated other comprehensive loss — 1,448 1,448 (93) 976 883 Net current period other comprehensive income (loss) 1,796 417 2,213 3,218 (814) 2,404 Ending balance $ 3,511 $ (17,469) $ (13,958) $ 1,809 $ (13,630) $ (11,821) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets.
Schedule of reclassification out of accumulated other comprehensive loss	The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the three and nine months ended Septembere 30, 2020 and 2019 (in thousands): Amount reclassified from accumulated other comprehensive loss (1) For the three For the three months ended months ended Affected line item in the Details about accumulated other comprehensive loss components September 30, 2020 September 30, 2019 statement of operations Realized (gains) losses on sale of securities $ — $ (88) Net realized gains on investment securities — 19 Provision for income taxes $ — $ (69) Amortization of estimated defined benefit pension plan loss (2) $ 611 $ 412 Other expense (128) (87) Provision for income taxes $ 483 $ 325 Total reclassifications for the period $ 483 $ 256 (1) Amounts in parentheses indicate credits. (2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details). Amount reclassified from accumulated other comprehensive loss (1) For the nine For the nine months ended months ended Affected line item in the Details about accumulated other comprehensive loss components September 30, 2020 September 30, 2019 statement of operations Realized (gains) losses on sale of securities $ — $ (118) Net realized gains on investment securities — 25 Provision for income taxes $ — $ (93) Amortization of estimated defined benefit pension plan loss (2) $ 1,833 $ 1,236 Other expense (385) (260) Provision for income taxes $ 1,448 $ 976 Total reclassifications for the period $ 1,448 $ 883 (1) Amounts in parentheses indicate credits. (2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details).

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 2020
Regulatory Capital
Schedule of compliance with regulatory capital requirements under banking regulations	The Company believes that no conditions or events have occurred that would change this conclusion as of such date. To be categorized as well capitalized, the Bank must maintain minimum total capital, common equity tier 1 capital, tier 1 capital, and tier 1 leverage ratios as set forth in the table (in thousands, except ratios). At September 30, 2020 TO BE WELL MINIMUM CAPITALIZED REQUIRED UNDER FOR PROMPT CAPITAL CORRECTIVE ADEQUACY ACTION COMPANY BANK PURPOSES REGULATIONS* AMOUNT RATIO AMOUNT RATIO RATIO RATIO (IN THOUSANDS, EXCEPT RATIOS) Total Capital (To Risk Weighted Assets) $ 135,967 13.02 % $ 122,960 11.80 % 8.00 % 10.00 % Tier 1 Common Equity (To Risk Weighted Assets) 105,383 10.09 111,803 10.73 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 117,282 11.23 111,803 10.73 6.00 8.00 Tier 1 Capital (To Average Assets) 117,282 9.39 111,803 9.05 4.00 5.00 At December 31, 2019 TO BE WELL MINIMUM CAPITALIZED REQUIRED UNDER FOR PROMPT CAPITAL CORRECTIVE ADEQUACY ACTION COMPANY BANK PURPOSES REGULATIONS* AMOUNT RATIO AMOUNT RATIO RATIO RATIO (IN THOUSANDS, EXCEPT RATIOS) Total Capital (To Risk Weighted Assets) $ 132,544 13.49 % $ 119,477 12.23 % 8.00 % 10.00 % Tier 1 Common Equity (To Risk Weighted Assets) 102,841 10.47 109,173 11.17 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 114,729 11.68 109,173 11.17 6.00 8.00 Tier 1 Capital (To Average Assets) 114,729 9.87 109,173 9.50 4.00 5.00 *

Derivative Hedging Instruments

Derivative Hedging Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Hedging Instruments
Schedule of interest rate swap transactions	The following table summarizes the interest rate swap transactions that impacted the Company’s first nine months of 2020 and 2019 performance (in thousands, except percentages). At September 30, 2020 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY EXPENSE Swap assets Fair Value $ 36,726 3.06 % Monthly $ (345) Swap liabilities Fair Value (36,726) (3.06) Monthly 345 Net exposure — — — At September 30, 2019 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY EXPENSE Swap assets Fair Value $ 23,866 4.69 % Monthly $ 11 Swap liabilities Fair Value (23,866) (4.69) Monthly (11) Net exposure — — —

Segment Results (Tables)

Segment Results (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Results
Schedule of business segments	The contribution of the major business segments to the Consolidated Statements of Operations for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands): Three months ended Nine months ended September 30, 2020 September 30, 2020 Total revenue Net income (loss) Total revenue Net income (loss) Community banking $ 12,263 $ 2,509 $ 36,096 $ 7,788 Wealth management 2,620 547 7,672 1,510 Investment/Parent (1,788) (1,978) (4,850) (5,392) Total $ 13,095 $ 1,078 $ 38,918 $ 3,906 Three months ended Nine months ended September 30, 2019 September 30, 2019 Total revenue Net income (loss) Total revenue Net income (loss) Community banking $ 11,739 $ 2,791 $ 34,367 $ 8,621 Wealth management 2,458 477 7,315 1,365 Investment/Parent (1,338) (1,579) (3,843) (4,627) Total $ 12,859 $ 1,689 $ 37,839 $ 5,359

Pension Benefits (Tables)

Pension Benefits (Tables)	9 Months Ended
	Sep. 30, 2020
Pension Benefits
Schedule of net periodic pension cost	The net periodic pension cost for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 COMPONENTS OF NET PERIODIC BENEFIT COST: Service cost $ 419 $ 368 $ 1,257 $ 1,104 Interest cost 320 392 960 1,176 Expected return on plan assets (811) (756) (2,433) (2,268) Recognized net actuarial loss 611 412 1,833 1,236 Net periodic pension cost $ 539 $ 416 $ 1,617 $ 1,248

Disclosures about Fair Value _2

Disclosures about Fair Value Measurements and Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Disclosures about Fair Value Measurements and Financial Instruments
Schedule of assets and liabilities measured and recorded at fair value on a recurring basis	The fair values of the interest rate swaps used for interest rate risk management are based on an external derivative valuation model using data inputs from similar transactions as of the valuation date and classified Level 2. The following table presents the assets and liability measured and reported on the Consolidated Balance Sheets on a recurring basis at their fair value as of September 30, 2020 and December 31, 2019, by level within the fair value hierarchy (in thousands). Fair Value Measurements at September 30, 2020 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities $ 424 $ 424 $ — $ — Available for sale securities: U.S. Agency 3,276 — 3,276 — U.S. Agency mortgage-backed securities 69,042 — 69,042 — Municipal 18,651 — 18,651 — Corporate bonds 50,747 — 50,747 — Fair value swap asset 3,665 — 3,665 — Fair value swap liability (3,665) — (3,665) — Fair Value Measurements at December 31, 2019 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities $ 366 $ 366 $ — $ — Available for sale securities: U.S. Agency 5,116 — 5,116 — U.S. Agency mortgage-backed securities 81,633 — 81,633 — Municipal 15,170 — 15,170 — Corporate bonds 39,830 — 39,830 — Fair value swap asset 959 — 959 — Fair value swap liability (959) — (959) —
Schedule of assets measured and recorded at fair value on a non-recurring basis	Assets measured and recorded at fair value on a non-recurring basis are summarized below (in thousands, except range data): FAIR VALUE MEASUREMENTS AT SEPTEMBER 30, 2020 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans $ 258 $ — $ — $ 258 Other real estate owned 40 — — 40 FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2019 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans $ 255 $ — $ — $ 255 Other real estate owned 37 — — 37 September 30, 2020 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable Fair Value Techniques Input Range (Wgtd Ave) Impaired loans $ 258 Appraisal of Appraisal 0% to 100% (3%) collateral (1) adjustments(2) Other real estate owned 40 Appraisal of Appraisal 57% (57%) collateral (1) adjustments(2) Liquidation 22% to 38% (30%) expenses December 31, 2019 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable Fair Value Techniques Input Range (Wgtd Ave) Impaired loans $ 255 Appraisal of Appraisal 0% to 100% (3%) collateral (1) adjustments(2) Other real estate owned 37 Appraisal of Appraisal 0% to 57% (38%) collateral (1) adjustments(2) Liquidation 21% to 134% (30%) expenses (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions.
Schedule of estimated fair value and recorded carrying value	The estimated fair values based on US GAAP measurements and recorded carrying values at September 30, 2020 and December 31, 2019, for the remaining financial instruments not required to be measured or reported at fair value were as follows: September 30, 2020 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (IN THOUSANDS) FINANCIAL ASSETS: Investment securities – HTM $ 42,636 $ 45,308 $ — $ 42,311 $ 2,997 Loans held for sale 7,587 7,766 7,766 — — Loans, net of allowance for loan loss and unearned income 931,496 941,988 — — 941,988 FINANCIAL LIABILITIES: Deposits with no stated maturities 728,507 745,879 — — 745,879 Deposits with stated maturities 313,728 317,679 — — 317,679 All other borrowings (1) 94,830 100,945 — — 100,945 December 31, 2019 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (IN THOUSANDS) FINANCIAL ASSETS: Investment securities – HTM $ 39,936 $ 41,082 $ — $ 38,129 $ 2,953 Loans held for sale 4,868 4,970 4,970 — — Loans, net of allowance for loan loss and unearned income 873,427 873,908 — — 873,908 FINANCIAL LIABILITIES: Deposits with no stated maturities 651,469 631,023 — — 631,023 Deposits with stated maturities 309,044 310,734 — — 310,734 All other borrowings (1) 74,134 76,323 — — 76,323 (1) All other borrowings include advances from Federal Home Loan Bank, guaranteed junior subordinated deferrable interest debentures, and subordinated debt.

Principles of Consolidation (De

Principles of Consolidation (Details) $ in Billions	Sep. 30, 2020USD ($)location
Assets under Management, Carrying Amount | $	$ 2.3
Pennsylvania
Number of locations	15
Maryland
Number of locations	1

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Non-interest income (in-scope of Topic 606)	$ 3,295	$ 3,223	$ 9,568	$ 9,519
Non-interest income (out-of-scope of Topic 606)	1,009	872	2,335	1,838
Total Non-Interest Income	4,304	4,095	11,903	11,357
Wealth management fees
Non-interest income (in-scope of Topic 606)	2,604	2,431	7,629	7,246
Service charges on deposit accounts
Non-interest income (in-scope of Topic 606)	206	321	668	948
Other
Non-interest income (in-scope of Topic 606)	$ 485	$ 471	$ 1,271	$ 1,325

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Details)	9 Months Ended
	Sep. 30, 2020USD ($)
Percentage Of Entity Revenue	79.70%
Other assets
Wealth management fees receivable	$ 825,000

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income	$ 1,078	$ 1,689	$ 3,906	$ 5,359
Denominator:
Weighted average common shares outstanding (basic)	17,059	17,278	17,051	17,443
Effect of stock options	3	82	12	81
Weighted average common shares outstanding (diluted)	17,062	17,360	17,063	17,524
Earnings per common share:
Basic	$ 0.06	$ 0.10	$ 0.23	$ 0.31
Diluted	$ 0.06	$ 0.10	$ 0.23	$ 0.31

Earnings Per Common Share - Add

Earnings Per Common Share - Additional information (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	189,259	12,000	69,759	12,000
Maximum
Exercise price	$ 4.22	$ 4.22	$ 4.22	$ 4.22
Minimum
Exercise price	$ 2.96	$ 4.19	$ 3.20	$ 4.19

Consolidated Statement of Cas_2

Consolidated Statement of Cash Flows (Details)	9 Months Ended
	Sep. 30, 2020USD ($)lease	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Income tax payments	$ 315,000	$ 785,000
Total interest payments	8,726,000	10,573,000
Non-cash transfers to other real estate owned	$ 40,000	75,000
Number of financial leases. | lease	2
Operating Lease, Asset	$ 781,000		$ 846,000
Operating Lease, Liability	798,000		865,000
Finance Lease, Asset	3,024,000		3,078,000
Finance Lease, Liability	3,161,000		$ 3,163,000
Office equipment leased
Finance Lease, Asset	149,000
Finance Lease, Liability	$ 149,000
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-02
Operating Lease, Asset		932,000
Operating Lease, Liability		932,000
Finance Lease, Asset		3,300,000
Finance Lease, Liability		$ 3,300,000

Investment Securities - Cost ba

Investment Securities - Cost basis and fair values of investment securities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	$ 137,272	$ 139,577
Investment securities available for sale, Gross Unrealized Gains	4,846	2,564
Investment securities available for sale, Gross Unrealized Losses	(402)	(392)
Available for Sale, Fair Value, Total	141,716	141,749
Investment securities held to maturity, Cost Basis	42,636	39,936
Investment securities held to maturity, Gross Unrealized Gains	2,727	1,250
Investment securities held to maturity, Gross Unrealized Losses	(55)	(104)
Held to Maturity, Fair Value, Total	45,308	41,082
U.S. Agency
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	3,079	5,084
Investment securities available for sale, Gross Unrealized Gains	197	32
Available for Sale, Fair Value, Total	3,276	5,116
U.S. Agency mortgage-backed securities
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	66,198	80,046
Investment securities available for sale, Gross Unrealized Gains	2,850	1,681
Investment securities available for sale, Gross Unrealized Losses	(6)	(94)
Available for Sale, Fair Value, Total	69,042	81,633
Investment securities held to maturity, Cost Basis	7,719	9,466
Investment securities held to maturity, Gross Unrealized Gains	394	251
Investment securities held to maturity, Gross Unrealized Losses		(4)
Held to Maturity, Fair Value, Total	8,113	9,713
Municipal
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	17,409	14,678
Investment securities available for sale, Gross Unrealized Gains	1,242	509
Investment securities available for sale, Gross Unrealized Losses		(17)
Available for Sale, Fair Value, Total	18,651	15,170
Investment securities held to maturity, Cost Basis	28,889	24,438
Investment securities held to maturity, Gross Unrealized Gains	2,225	941
Investment securities held to maturity, Gross Unrealized Losses	(51)	(53)
Held to Maturity, Fair Value, Total	31,063	25,326
Corporate bonds
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	50,586	39,769
Investment securities available for sale, Gross Unrealized Gains	557	342
Investment securities available for sale, Gross Unrealized Losses	(396)	(281)
Available for Sale, Fair Value, Total	50,747	39,830
Corporate bonds and other securities
Information concerning investments with unrealized gains and losses
Investment securities held to maturity, Cost Basis	6,028	6,032
Investment securities held to maturity, Gross Unrealized Gains	108	58
Investment securities held to maturity, Gross Unrealized Losses	(4)	(47)
Held to Maturity, Fair Value, Total	$ 6,132	$ 6,043

Investment Securities - Informa

Investment Securities - Information concerning investments with unrealized losses (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	$ 18,223	$ 17,150
Less than 12 months, Unrealized Losses	(265)	(126)
12 months or longer, Fair Value	7,749	21,468
12 months or longer, Unrealized Losses	(192)	(370)
Total, Fair Value	25,972	38,618
Total, Unrealized Losses	(457)	(496)
U.S. Agency mortgage-backed securities
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	1,438	7,084
Less than 12 months, Unrealized Losses	(5)	(23)
12 months or longer, Fair Value	138	8,562
12 months or longer, Unrealized Losses	(1)	(75)
Total, Fair Value	1,576	15,646
Total, Unrealized Losses	(6)	(98)
Municipal
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	1,044	2,269
Less than 12 months, Unrealized Losses	(1)	(18)
12 months or longer, Fair Value	752	1,123
12 months or longer, Unrealized Losses	(50)	(52)
Total, Fair Value	1,796	3,392
Total, Unrealized Losses	(51)	(70)
Corporate bonds and other securities
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	15,741	7,797
Less than 12 months, Unrealized Losses	(259)	(85)
12 months or longer, Fair Value	6,859	11,783
12 months or longer, Unrealized Losses	(141)	(243)
Total, Fair Value	22,600	19,580
Total, Unrealized Losses	$ (400)	$ (328)

Investment Securities - Total i

Investment Securities - Total investment securities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	$ 5,060
Available for Sale, Cost Basis, After 1 year but within 5 years	22,222
Available for Sale, Cost Basis, After 5 years but within 10 years	48,851
Available for Sale, Cost Basis, After 10 years but within 15 years	19,253
Available for Sale, Cost Basis, Over 15 years	41,886
Available for Sale, Cost Basis, Total	137,272	$ 139,577
Available for Sale, Fair Value, Within 1 year	5,093
Available for Sale, Fair Value, After 1 year but within 5 years	22,536
Available for Sale, Fair Value, After 5 years but within 10 years	50,395
Available for Sale, Fair Value, After 10 years but within 15 years	20,120
Available for Sale, Fair Value, Over 15 years	43,572
Available for Sale, Fair Value, Total	141,716	141,749
Held to Maturity, Cost Basis, Within 1 year	3,400
Held to Maturity, Cost Basis, After 1 year but within 5 years	7,629
Held to Maturity, Cost Basis, After 5 years but within 10 years	17,115
Held to Maturity, Cost Basis, After 10 years but within 15 years	9,395
Held to Maturity, Cost Basis, Over 15 years	5,097
Held to Maturity, Cost Basis, Total	42,636	39,936
Held to Maturity, Fair Value, Within 1 year	3,403
Held to Maturity, Fair Value, After 1 year but within 5 years	8,054
Held to Maturity, Fair Value, After 5 years but within 10 years	18,607
Held to Maturity, Fair Value, After 10 years but within 15 years	9,946
Held to Maturity, Fair Value, Over 15 years	5,298
Held to Maturity, Fair Value, Total	45,308	41,082
U.S. Agency
Contractual maturities of securities
Available for Sale, Cost Basis, Total	3,079	5,084
Available for Sale, Fair Value, Total	3,276	5,116
U.S. Agency mortgage-backed securities
Contractual maturities of securities
Available for Sale, Cost Basis, Total	66,198	80,046
Available for Sale, Fair Value, Total	69,042	81,633
Held to Maturity, Cost Basis, Total	7,719	9,466
Held to Maturity, Fair Value, Total	$ 8,113	$ 9,713

Investment Securities - Additio

Investment Securities - Additional information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
INVESTMENT SECURITIES
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax		$ 19,000		$ 25,000
Investment Securities:
Premium percentage on mortgage backed securities purchased			101.40%
Consolidated investment securities portfolio modified, years			20 months 9 days		36 months 27 days
Proceeds from sales of investment securities — available for sale	$ 0	2,800,000	$ 0	3,374,000
Gross investment gains		88,000		118,000
Book value of securities available for sale and held to maturity	$ 113,126,000		$ 113,126,000		$ 117,076,000
Number of positions	35		35
Available-for-sale Securities, Equity Securities	$ 424,000		$ 424,000		$ 366,000
Debt and Equity Securities, Gain (Loss)		$ 88,000		$ 118,000
Standard & Poor's, AAA Rating [Member]
INVESTMENT SECURITIES
Portfolio rated	43.50%		43.50%		53.40%
Securities rated below A [Member]
INVESTMENT SECURITIES
Portfolio rated	14.80%		14.80%		9.10%
Deferred Compensation, Share-based Payments [Member] | Assets Held With Rabbi Trust [Member]
Investment Securities:
Available-for-sale Securities, Equity Securities	$ 424,000		$ 424,000		$ 366,000
Maximum
Investment Securities:
Consolidated investment securities portfolio modified, years			60 months

Loans - Loan Portfolio (Details

Loans - Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
LOANS
Loans, net of unearned income	$ 941,780	$ 882,706
Commercial and Industrial
LOANS
Loans, net of unearned income	152,636
Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	68,460
Commercial loans secured by owner occupied real estate [Member]
LOANS
Loans, net of unearned income	90,819
Commercial loans secured by non-owner occupied real estate
LOANS
Loans, net of unearned income	378,858
Commercial
LOANS
Loans, net of unearned income	690,773	629,212
Commercial | Commercial and Industrial
LOANS
Loans, net of unearned income	152,636	173,922
Commercial | Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	68,460
Commercial | Paycheck Protection Program (PPP) | Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	68,460
Commercial | Commercial loans secured by owner occupied real estate [Member]
LOANS
Loans, net of unearned income	90,819	91,655
Commercial | Commercial loans secured by non-owner occupied real estate
LOANS
Loans, net of unearned income	378,858	363,635
Residential Portfolio Segment [Member] | Real estate-residential mortgage
LOANS
Loans, net of unearned income	233,811	235,239
Consumer
LOANS
Loans, net of unearned income	251,007	253,494
Consumer | Real estate-residential mortgage
LOANS
Loans, net of unearned income	233,811	235,239
Consumer | Consumer [Member]
LOANS
Loans, net of unearned income	$ 17,196	$ 18,255

Loans - Commercial real estate

Loans - Commercial real estate loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
LOANS
Loans, net of unearned income	$ 941,780	$ 882,706
1-4 unit residential
LOANS
Loans, net of unearned income	7,515
Multifamily/apartments/student housing
LOANS
Loans, net of unearned income	55,381
Office
LOANS
Loans, net of unearned income	87,244
Retail
LOANS
Loans, net of unearned income	147,826
Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	179,689
Hotels
LOANS
Loans, net of unearned income	43,489
Eating and drinking places
LOANS
Loans, net of unearned income	19,447
Amusement and recreation
LOANS
Loans, net of unearned income	3,742
Mixed use
LOANS
Loans, net of unearned income	69,237
Other
LOANS
Loans, net of unearned income	77,203
Commercial and Industrial
LOANS
Loans, net of unearned income	152,636
Commercial and Industrial | 1-4 unit residential
LOANS
Loans, net of unearned income	1,488
Commercial and Industrial | Office
LOANS
Loans, net of unearned income	32,793
Commercial and Industrial | Retail
LOANS
Loans, net of unearned income	7,997
Commercial and Industrial | Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	89,382
Commercial and Industrial | Hotels
LOANS
Loans, net of unearned income	372
Commercial and Industrial | Eating and drinking places
LOANS
Loans, net of unearned income	855
Commercial and Industrial | Amusement and recreation
LOANS
Loans, net of unearned income	245
Commercial and Industrial | Other
LOANS
Loans, net of unearned income	19,504
Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	68,460
Paycheck Protection Program (PPP) | Office
LOANS
Loans, net of unearned income	9,924
Paycheck Protection Program (PPP) | Retail
LOANS
Loans, net of unearned income	1,786
Paycheck Protection Program (PPP) | Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	29,463
Paycheck Protection Program (PPP) | Hotels
LOANS
Loans, net of unearned income	1,287
Paycheck Protection Program (PPP) | Eating and drinking places
LOANS
Loans, net of unearned income	13,630
Paycheck Protection Program (PPP) | Amusement and recreation
LOANS
Loans, net of unearned income	106
Paycheck Protection Program (PPP) | Other
LOANS
Loans, net of unearned income	12,264
Commercial loans secured by owner occupied real estate [Member]
LOANS
Loans, net of unearned income	90,819
Commercial loans secured by owner occupied real estate [Member] | 1-4 unit residential
LOANS
Loans, net of unearned income	107
Commercial loans secured by owner occupied real estate [Member] | Multifamily/apartments/student housing
LOANS
Loans, net of unearned income	418
Commercial loans secured by owner occupied real estate [Member] | Office
LOANS
Loans, net of unearned income	10,075
Commercial loans secured by owner occupied real estate [Member] | Retail
LOANS
Loans, net of unearned income	21,213
Commercial loans secured by owner occupied real estate [Member] | Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	17,751
Commercial loans secured by owner occupied real estate [Member] | Eating and drinking places
LOANS
Loans, net of unearned income	4,424
Commercial loans secured by owner occupied real estate [Member] | Amusement and recreation
LOANS
Loans, net of unearned income	3,345
Commercial loans secured by owner occupied real estate [Member] | Mixed use
LOANS
Loans, net of unearned income	2,802
Commercial loans secured by owner occupied real estate [Member] | Other
LOANS
Loans, net of unearned income	30,684
Commercial loans secured by non-owner occupied real estate
LOANS
Loans, net of unearned income	378,858
Commercial loans secured by non-owner occupied real estate | 1-4 unit residential
LOANS
Loans, net of unearned income	5,920
Commercial loans secured by non-owner occupied real estate | Multifamily/apartments/student housing
LOANS
Loans, net of unearned income	54,963
Commercial loans secured by non-owner occupied real estate | Office
LOANS
Loans, net of unearned income	34,452
Commercial loans secured by non-owner occupied real estate | Retail
LOANS
Loans, net of unearned income	116,830
Commercial loans secured by non-owner occupied real estate | Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	43,093
Commercial loans secured by non-owner occupied real estate | Hotels
LOANS
Loans, net of unearned income	41,830
Commercial loans secured by non-owner occupied real estate | Eating and drinking places
LOANS
Loans, net of unearned income	538
Commercial loans secured by non-owner occupied real estate | Amusement and recreation
LOANS
Loans, net of unearned income	46
Commercial loans secured by non-owner occupied real estate | Mixed use
LOANS
Loans, net of unearned income	66,435
Commercial loans secured by non-owner occupied real estate | Other
LOANS
Loans, net of unearned income	14,751
Commercial
LOANS
Loans, net of unearned income	690,773
Commercial
LOANS
Loans, net of unearned income	690,773	629,212
Commercial | Commercial and Industrial
LOANS
Loans, net of unearned income	152,636	173,922
Commercial | Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	68,460
Commercial | Commercial loans secured by owner occupied real estate [Member]
LOANS
Loans, net of unearned income	90,819	91,655
Commercial | Commercial loans secured by non-owner occupied real estate
LOANS
Loans, net of unearned income	378,858	363,635
Consumer
LOANS
Loans, net of unearned income	$ 251,007	$ 253,494

Loans - Additional information

Loans - Additional information (Details)	Mar. 27, 2020USD ($)item	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
LOANS
Real estate-construction loans, percentage		6.40%		6.40%		4.90%
Loan balances net of unearned income		$ 1,466,000		$ 1,466,000		$ 384,000
Unrecognized fee income from the PPP loan originations		1,057,000		1,057,000
Fee Income from Loans		9,724,000	$ 10,737,000	$ 30,504,000	$ 32,149,000
Paycheck Protection Program (PPP)
LOANS
Number of times of average monthly payroll costs | item	2.5
Loan amount	$ 10,000,000
Interest rate	1.00%
Percentage of guarantee by SBA	100.00%
Percentage of loan proceeds used for payroll expenses	60.00%
Loans Receivable, Number Of Applications Received				469
Loans Receivable, Excess Of Loan Application Received		$ 68,500,000		$ 68,500,000
Fee Income from Loans				1,400,000
Processing fee				$ 1,100,000
Paycheck Protection Program (PPP) | originated prior to June 5, 2020
LOANS
Loan term	2 years
Paycheck Protection Program (PPP) | originated after June 5, 2020
LOANS
Loan term	5 years

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loan losses by portfolio segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	$ 9,699	$ 8,102	$ 9,279	$ 8,671
Charge-Offs	(144)	(37)	(417)	(341)
Recoveries	54	55	122	190
Provision (Credit)	675	225	1,300	(175)
Balance at End of Period	10,284	8,345	10,284	8,345
Allocation for General Risk [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	961	797	924	863
Charge-Offs	0	0	0	0
Recoveries	0	0	0	0
Provision (Credit)	52	(140)	89	(206)
Balance at End of Period	1,013	657	1,013	657
Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	3,784	2,538	3,951	3,057
Charge-Offs	(111)	(1)	(111)	(1)
Recoveries	1	8	1	13
Provision (Credit)	(638)	464	(805)	(60)
Balance at End of Period	3,036	3,009	3,036	3,009
Commercial | Commercial loans secured by non-owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	3,619	3,425	3,119	3,389
Charge-Offs	0	0	0	(63)
Recoveries	10	12	31	36
Provision (Credit)	1,261	(81)	1,740	(6)
Balance at End of Period	4,890	3,356	4,890	3,356
Consumer | Real estate-residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	1,216	1,218	1,159	1,235
Charge-Offs	(19)	0	(201)	(71)
Recoveries	24	25	46	101
Provision (Credit)	4	(46)	221	(68)
Balance at End of Period	1,225	1,197	1,225	1,197
Consumer | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	119	124	126	127
Charge-Offs	(14)	(36)	(105)	(206)
Recoveries	19	10	44	40
Provision (Credit)	(4)	28	55	165
Balance at End of Period	$ 120	$ 126	$ 120	$ 126

Allowance for Loan Losses - L_2

Allowance for Loan Losses - Loan loss by the primary segments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Loans:
Individually evaluated for impairment	$ 867		$ 824
Collectively evaluated for impairment	940,913		881,882
Total loans	941,780		882,706
Allowance for loan losses:
Specific reserve allocation	106		92
General reserve allocation	10,178		9,187
Total allowance for loan losses	10,284	$ 9,699	9,279	$ 8,345	$ 8,102	$ 8,671
Commercial loans secured by non-owner occupied real estate
Loans:
Total loans	378,858
Allocation for General Risk [Member]
Loans:
Individually evaluated for impairment	0
Collectively evaluated for impairment	0
Total loans	0
Allowance for loan losses:
Specific reserve allocation	0		0
General reserve allocation	1,013		924
Total allowance for loan losses	1,013	961	924	657	797	863
Commercial
Loans:
Total loans	690,773		629,212
Commercial | Commercial
Loans:
Individually evaluated for impairment	859		816
Collectively evaluated for impairment	311,056		264,761
Total loans	311,915		265,577
Allowance for loan losses:
Specific reserve allocation	98		84
General reserve allocation	2,938		3,867
Total allowance for loan losses	3,036	3,784	3,951	3,009	2,538	3,057
Commercial | Commercial loans secured by non-owner occupied real estate
Loans:
Individually evaluated for impairment	8		8
Collectively evaluated for impairment	378,850		363,627
Total loans	378,858		363,635
Allowance for loan losses:
Specific reserve allocation	8		8
General reserve allocation	4,882		3,111
Total allowance for loan losses	4,890	3,619	3,119	3,356	3,425	3,389
Consumer
Loans:
Total loans	251,007		253,494
Consumer | Real estate-residential mortgage
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	233,811		235,239
Total loans	233,811		235,239
Allowance for loan losses:
Specific reserve allocation	0		0
General reserve allocation	1,225		1,159
Total allowance for loan losses	1,225	1,216	1,159	1,197	1,218	1,235
Consumer | Consumer [Member]
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	17,196		18,255
Total loans	17,196		18,255
Allowance for loan losses:
Specific reserve allocation	0		0
General reserve allocation	120		126
Total allowance for loan losses	$ 120	$ 119	$ 126	$ 126	$ 124	$ 127

Allowance for Loan Losses - Pre

Allowance for Loan Losses - Present impaired loans by portfolio segment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	$ 867	$ 824
Related Allowance	8	8
Unpaid Principal Balance	889	846
Impaired Loans with Specific Allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	867	824
Related Allowance	106	92
Impaired Loans With No Specific Allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	0	0
Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	859	816
Unpaid Principal Balance	859	816
Commercial | Commercial loans secured by non-owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	8	8
Unpaid Principal Balance	30	30
Commercial | Impaired Loans with Specific Allowance | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	859	816
Related Allowance	98	84
Commercial | Impaired Loans with Specific Allowance | Commercial loans secured by non-owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	8	8
Related Allowance	8	8
Commercial | Impaired Loans With No Specific Allowance | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	0	0
Commercial | Impaired Loans With No Specific Allowance | Commercial loans secured by non-owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	$ 0	$ 0

Allowance for Loan Losses - Inv

Allowance for Loan Losses - Investment in impaired loans and related interest income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Average loan balance:
Average investment in impaired loans	$ 847	$ 795	$ 840	$ 403
Interest income recognized:
Interest income recognized on a cash basis on impaired loans	9	13	31	17
Commercial | Commercial
Average loan balance:
Average investment in impaired loans	839	785	832	393
Interest income recognized:
Interest income recognized on a cash basis on impaired loans	9	13	31	17
Commercial | Commercial loans secured by non-owner occupied real estate
Average loan balance:
Average investment in impaired loans	8	10	8	10
Interest income recognized:
Interest income recognized on a cash basis on impaired loans	$ 0	$ 0	$ 0	$ 0

Allowance for Loan Losses - Com

Allowance for Loan Losses - Commercial and commercial real estate loan portfolios (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	$ 941,780	$ 882,706
Paycheck Protection Program (PPP)
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	68,460
Commercial loans secured by owner occupied real estate [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	90,819
Commercial loans secured by non-owner occupied real estate
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	378,858
Commercial
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	690,773	629,212
Commercial | Commercial and Industrial Loan [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	152,636	173,922
Commercial | Paycheck Protection Program (PPP)
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	68,460
Commercial | Commercial loans secured by owner occupied real estate [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	90,819	91,655
Commercial | Commercial loans secured by non-owner occupied real estate
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	378,858	363,635
Commercial | Pass
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	649,153	612,116
Commercial | Pass | Commercial and Industrial Loan [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	142,948	161,147
Commercial | Pass | Paycheck Protection Program (PPP)
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	68,460
Commercial | Pass | Commercial loans secured by owner occupied real estate [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	87,844	88,942
Commercial | Pass | Commercial loans secured by non-owner occupied real estate
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	349,901	362,027
Commercial | Special Mention
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	35,697	2,237
Commercial | Special Mention | Commercial and Industrial Loan [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	6,336	853
Commercial | Special Mention | Commercial loans secured by owner occupied real estate [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	1,889	1,384
Commercial | Special Mention | Commercial loans secured by non-owner occupied real estate
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	27,472
Commercial | Substandard [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	5,915	14,851
Commercial | Substandard [Member] | Commercial and Industrial Loan [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	3,352	11,922
Commercial | Substandard [Member] | Commercial loans secured by owner occupied real estate [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	1,086	1,329
Commercial | Substandard [Member] | Commercial loans secured by non-owner occupied real estate
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	1,477	1,600
Commercial | Doubtful [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	8	8
Commercial | Doubtful [Member] | Commercial and Industrial Loan [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio		0
Commercial | Doubtful [Member] | Commercial loans secured by owner occupied real estate [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio		0
Commercial | Doubtful [Member] | Commercial loans secured by non-owner occupied real estate
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	$ 8	$ 8

Allowance for Loan Losses - Res

Allowance for Loan Losses - Residential and consumer portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	$ 941,780	$ 882,706
Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	251,007	253,494
Real estate-residential mortgage | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	233,811	235,239
Consumer [Member] | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	17,196	18,255
Performing [Member] | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	249,311	252,015
Performing [Member] | Real estate-residential mortgage | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	232,115	233,760
Performing [Member] | Consumer [Member] | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	17,196	18,255
Non-Performing [Member] | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	1,696	1,479
Non-Performing [Member] | Real estate-residential mortgage | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	1,696	1,479
Non-Performing [Member] | Consumer [Member] | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	$ 0	$ 0

Allowance for Loan Losses - Cre

Allowance for Loan Losses - Credit quality of the loan portfolio (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	$ 937,702,000	$ 878,307,000
Total Past Due	4,078,000	4,399,000
Total loans	941,780,000	882,706,000
90 Days Past Due and Still Accruing	0	0
30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	2,040,000	2,490,000
60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	1,039,000	887,000
90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	999,000	1,022,000
Commercial and Industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	152,636,000
Paycheck Protection Program (PPP)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	68,460,000
Commercial loans secured by owner occupied real estate [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	90,819,000
Commercial loans secured by non-owner occupied real estate
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	378,858,000
Commercial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	690,773,000	629,212,000
Commercial | Commercial and Industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	152,558,000	173,922,000
Total Past Due	78,000	0
Total loans	152,636,000	173,922,000
90 Days Past Due and Still Accruing	0	0
Commercial | Commercial and Industrial | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	78,000	0
Commercial | Commercial and Industrial | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial | Commercial and Industrial | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial | Paycheck Protection Program (PPP)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	68,460,000
Total Past Due	0
Total loans	68,460,000
90 Days Past Due and Still Accruing	0
Commercial | Paycheck Protection Program (PPP) | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0
Commercial | Paycheck Protection Program (PPP) | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0
Commercial | Paycheck Protection Program (PPP) | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0
Commercial | Commercial loans secured by owner occupied real estate [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	90,819,000	91,538,000
Total Past Due	0	117,000
Total loans	90,819,000	91,655,000
90 Days Past Due and Still Accruing	0	0
Commercial | Commercial loans secured by owner occupied real estate [Member] | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	117,000
Commercial | Commercial loans secured by owner occupied real estate [Member] | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial | Commercial loans secured by owner occupied real estate [Member] | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial | Commercial loans secured by non-owner occupied real estate
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	378,858,000	363,635,000
Total Past Due	0	0
Total loans	378,858,000	363,635,000
90 Days Past Due and Still Accruing	0	0
Commercial | Commercial loans secured by non-owner occupied real estate | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial | Commercial loans secured by non-owner occupied real estate | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial | Commercial loans secured by non-owner occupied real estate | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	251,007,000	253,494,000
Consumer | Real estate-residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	229,851,000	231,022,000
Total Past Due	3,960,000	4,217,000
Total loans	233,811,000	235,239,000
90 Days Past Due and Still Accruing	0	0
Consumer | Real estate-residential mortgage | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	1,922,000	2,331,000
Consumer | Real estate-residential mortgage | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	1,039,000	864,000
Consumer | Real estate-residential mortgage | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	999,000	1,022,000
Consumer | Consumer [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	17,156,000	18,190,000
Total Past Due	40,000	65,000
Total loans	17,196,000	18,255,000
90 Days Past Due and Still Accruing	0	0
Consumer | Consumer [Member] | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	40,000	42,000
Consumer | Consumer [Member] | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	23,000
Consumer | Consumer [Member] | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	$ 0	$ 0

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision expense for loan losses	$ 675,000	$ 225,000	$ 1,300,000	$ (175,000)
Net unfavorable shift			$ 1,475,000
Reserve coverage of total loans, excluding PPP loans	1.17%		1.17%
provision recovery recorded	$ (675,000)	(225,000)	$ (1,300,000)	175,000
Financing Receivable, Individually Evaluated for Impairment	$ 867,000		867,000		$ 824,000
Debt Instrument Non Performing Assets			$ 2,600,000
Percentage Of Allowance For Total Loans	1.08%		1.08%		1.05%
Non-performing assets as a percent of loans	0.27%		0.27%		0.26%
Allowance for Loan and Lease Losses Write-offs, Net			$ 295,000	$ 151,000
Allowance For Loan And Lease Losses Write Off Percentage			0.04%	0.02%
Percentage Of Allowance For Non Performing Assets	395.00%		395.00%		397.00%
Financing Receivable, Recorded Investment, Past Due	$ 4,078,000		$ 4,078,000		$ 4,399,000
Hotel industry
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision expense for loan losses			29,000,000
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	2,000,000		2,000,000
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	250,000		250,000
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	250,000		250,000
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	100,000		100,000
Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
provision recovery recorded	638,000	$ (464,000)	805,000	$ 60,000
Financing Receivable, Individually Evaluated for Impairment	859,000		859,000		816,000
Minimum aggregate balances for commercial loan relationship under structure loan rating process	1,000,000		1,000,000
Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Past Due	78,000		$ 78,000		$ 0
Commercial | Minimum | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum percent of portfolio to be reviewed			40.00%
Consumer | Minimum | Consumer and Residential Mortgage Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Individually Evaluated for Impairment	$ 150,000		$ 150,000

Non-Performing Assets Includi_3

Non-Performing Assets Including Troubled Debt Restructurings (TDR) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Non-Performing assets including TDR
Non-accrual loans	$ 1,724	$ 1,487
Other real estate owned	40	37
TDR's not in non-accrual	839	815
Total non-performing assets including TDR	$ 2,603	$ 2,339
Total non-performing assets as a percent of loans, net of unearned income, and other real estate owned	0.27%	0.26%
Commercial and Industrial
Non-Performing assets including TDR
Non-accrual loans	$ 20
TDR's not in non-accrual	839	$ 815
Commercial loans secured by non-owner occupied real estate
Non-Performing assets including TDR
Non-accrual loans	8	8
Real estate-residential mortgage
Non-Performing assets including TDR
Non-accrual loans	1,696	1,479
Other real estate owned	$ 40	$ 37

Non-Performing Assets Includi_4

Non-Performing Assets Including Troubled Debt Restructurings (TDR) - Interest income due in accordance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Schedule of Interest Income
Interest income due in accordance with original terms	$ 22	$ 14	$ 60	$ 43
Interest income recorded	0	0	0	0
Net reduction in interest income	$ 22	$ 14	$ 60	$ 43

Non-Performing Assets Includi_5

Non-Performing Assets Including Troubled Debt Restructurings (TDR) - Loans in accrual and non-accrual status (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Dec. 31, 2019loan
Schedule of TDRs
TDR subsequently default					0
Loans in accrual status [Member] | Commercial and Industrial
Schedule of TDRs
Number of loans	1	1	1	2
Current Balance | $	$ 47	$ 70	$ 47	$ 820
Concession Granted	Extension of maturity date with a below market interest rate	Extension of maturity date with a below market interest rate	Extension of maturity date with a below market interest rate	Extension of maturity date with a below market interest rate
Loans in accrual status [Member] | Commercial and Industrial | Subsequent modification of a TDR
Schedule of TDRs
Number of loans			1
Current Balance | $			$ 750

Non-Performing Assets Includi_6

Non-Performing Assets Including Troubled Debt Restructurings (TDR) - concentration of COVID-19 related modifications within the loan portfolio (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Jun. 30, 2020	Sep. 30, 2020
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested	$ 200,005	$ 144,361
% of Outstanding Non-PPP Loans	23.20%	16.40%
CRE | Commercial
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested	$ 190,276	$ 140,132
% of Outstanding Non-PPP Loans	30.40%	21.80%
Home Equity | Consumer
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested	$ 5,890	$ 160
% of Outstanding Non-PPP Loans	6.00%	0.20%
Real estate-residential mortgage
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested	$ 3,839	$ 4,069
% of Outstanding Non-PPP Loans	2.80%	2.90%

Non-Performing Assets Includi_7

Non-Performing Assets Including Troubled Debt Restructurings (TDR) - types of payment relief that have been granted (Details) $ in Thousands	6 Months Ended	9 Months Ended
	Jun. 30, 2020USD ($)loan	Sep. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)
Financing Receivable, Modifications [Line Items]
Loans, net of unearned income		$ 941,780	$ 882,706
Number of loans | loan	383	194
Payment relief that have been granted	$ 200,005	$ 144,361
Interest only payments
Financing Receivable, Modifications [Line Items]
Number of loans | loan	83	67
Payment relief that have been granted	$ 87,881	$ 74,680
Complete payment deferrals
Financing Receivable, Modifications [Line Items]
Number of loans | loan	296	127
Payment relief that have been granted	$ 103,378	$ 69,681
Maturity date extensions
Financing Receivable, Modifications [Line Items]
Number of loans | loan	4
Payment relief that have been granted	$ 8,746
Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Loans, net of unearned income		152,636
Commercial and Industrial | Complete payment deferrals
Financing Receivable, Modifications [Line Items]
Loans, net of unearned income		$ 2,500
Number of loans | loan		1
Paycheck Protection Program (PPP)
Financing Receivable, Modifications [Line Items]
Loans, net of unearned income		$ 68,460
Commercial loans secured by owner occupied real estate [Member]
Financing Receivable, Modifications [Line Items]
Loans, net of unearned income		90,819
Commercial loans secured by non-owner occupied real estate
Financing Receivable, Modifications [Line Items]
Loans, net of unearned income		$ 378,858

Non-Performing Assets Includi_8

Non-Performing Assets Including Troubled Debt Restructurings (TDR) - Additional information (Details) - USD ($)	1 Months Ended	9 Months Ended
	Oct. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Non-Performing Assets Including Troubled Debt Restructurings (TDR)
ALL reserve for TDR's		$ 104,000		$ 92,000
Decrease in loan modifications to COVID-19	$ (63,400,000)	$ (55,600,000)
Percentage of decrease in balance of loan modifications	43.90%	27.80%
Accrued interest receivable due to loan modification		$ 2,400,000
Balance of loans modified	$ 80,900,000		$ 200,000,000
Loans 90 Days Past Due accruing interest		$ 0		$ 0

Short-Term and Federal Home L_3

Short-Term and Federal Home Loan Bank Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Federal Home Loan Bank (FHLB) borrowings and advances
Open Repo Plus	$ 5,894	$ 22,412
FHLB Advances 2020, Amount	11,187	18,729
FHLB Advances 2021, Amount	22,496	9,496
FHLB Advances 2022, Amount	20,888	17,838
FHLB Advances 2023, Amount	15,568	5,568
FHLB Advances 2024, Amount	4,197	2,037
Total FHLB advances	74,336	53,668
Total short-term and FHLB borrowings, Amount	$ 80,230	$ 76,080
Open Repo Plus Maturity Overnight, Weighted Average Rate		1.81%
FHLB Advances Maturing 2020, Weighted Average Rate	0.95%	1.75%
FHLB Advances Maturing 2021, Weighted Average Rate	1.08%	2.28%
FHLB Advances Maturing 2022, Weighted Average Rate	2.03%	2.21%
FHLB Advances Maturing 2023, Weighted Average Rate	1.59%	2.48%
FHLB Advances Maturing 2024, Weighted Average Rate	1.19%	1.86%
Total FHLB advances, Weighted Average Rate	1.44%	2.08%
Total short-term and FHLB borrowings, Weighted Average Rate	1.37%	2.00%
Federal Funds Purchased
Federal Home Loan Bank (FHLB) borrowings and advances
Open Repo Plus	$ 2,000
Open Repo Plus Maturity Overnight, Weighted Average Rate	0.65%
Open Repo Plus
Federal Home Loan Bank (FHLB) borrowings and advances
Open Repo Plus	$ 3,894
Open Repo Plus Maturity Overnight, Weighted Average Rate	0.39%

Lease Commitments (Details)

Lease Commitments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Lease Commitments
Amortization of right-of-use asset	$ 68	$ 64	$ 203	$ 193
Interest expense	28	29	85	88
Operating lease cost	29	29	87	87
Total lease cost	$ 125	$ 122	$ 375	$ 368

Lease Commitments - Leases outs

Lease Commitments - Leases outstanding - (Details)	Sep. 30, 2020	Dec. 31, 2019
Lease Commitments
Operating Lease, Weighted-average remaining term	11 years 6 months	11 years 10 months 24 days
Financing Lease, Weighted-average remaining term	16 years 1 month 6 days	17 years 1 month 6 days
Operating Lease, Weighted-average discount rate	3.48%	3.46%
Financing Lease, Weighted-average discount rate	3.51%	3.60%

Lease Commitments - Operating a

Lease Commitments - Operating and financing leases - (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Lease Commitments
Operating lease, Within 1 year	$ 119	$ 118
Operating lease, After 1 year but within 2 years	110	120
Operating lease, After 2 years but within 3 years	69	98
Operating lease, After 3 years but within 4 years	69	69
Operating lease, After 4 years but within 5 years	69	69
Operating lease, After 5 years	539	589
Total undiscounted cash flows	975	1,063
Discount on cash flows	(177)	(198)
Total lease liabilities	798	865
Financing lease, Within 1 year	316	296
Financing lease, After 1 year but within 2 years	319	275
Financing lease, After 2 years but within 3 years	320	277
Financing lease, After 3 years but within 4 years	253	274
Financing lease, After 4 years but within 5 years	252	236
Financing lease, After 5 years	2,821	3,007
Total undiscounted cash flows	4,281	4,365
Discount on cash flows	(1,120)	(1,202)
Total lease liabilities	$ 3,161	$ 3,163

Lease Commitments - Additional

Lease Commitments - Additional information (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Short Term Equipment Under Lease [Member]
Property, Plant and Equipment [Line Items]
Description Of Accounting Treatment For Short Term Operating Lease	As of September 30, 2020, the Company had no short-term leases. As of December 31, 2019, the Company had one short-term equipment lease which it elected to not record on the Consolidated Balance Sheets.	As of September 30, 2020, the Company had no short-term leases. As of December 31, 2019, the Company had one short-term equipment lease which it elected to not record on the Consolidated Balance Sheets.

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (14,071)	$ (12,550)	$ (16,171)	$ (14,225)
Other comprehensive income (loss) before reclassifications	(370)	473	765	1,521
Amounts reclassified from accumulated other comprehensive loss	483	256	1,448	883
Net current period other comprehensive income (loss)	113	729	2,213	2,404
Ending balance	(13,958)	(11,821)	(13,958)	(11,821)
Net Unrealized Gains and (Losses) on Investment Securities AFS
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	3,398	1,398	1,715	(1,409)
Other comprehensive income (loss) before reclassifications	113	480	1,796	3,311
Amounts reclassified from accumulated other comprehensive loss		(69)		(93)
Net current period other comprehensive income (loss)	113	411	1,796	3,218
Ending balance	3,511	1,809	3,511	1,809
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(17,469)	(13,948)	(17,886)	(12,816)
Other comprehensive income (loss) before reclassifications	(483)	(7)	(1,031)	(1,790)
Amounts reclassified from accumulated other comprehensive loss	483	325	1,448	976
Net current period other comprehensive income (loss)		318	417	(814)
Ending balance	$ (17,469)	$ (13,630)	$ (17,469)	$ (13,630)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassification of component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Realized (gains) losses on sale of securities
Net realized (gains) losses on investment securities		$ (88)		$ (118)
Provision for income taxes		19		25
Net of tax		(69)		(93)
Amortization of estimated defined benefit pension plan loss
Other expense	$ 611	412	$ 1,833	1,236
Provision for income taxes	(128)	(87)	(385)	(260)
Net of tax	483	325	1,448	976
Total reclassifications for the period	$ 483	$ 256	$ 1,448	$ 883

Regulatory Capital (Details)

Regulatory Capital (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount	$ 122,960	$ 119,477
Tier 1 Common Equity (To RWA), Actual Amount	111,803	109,173
Tier 1 Capital (To RWA), Actual Amount	111,803	109,173
Tier 1 Capital (To Average Assets), Actual Amount	$ 111,803	$ 109,173
Total Capital (To RWA), Actual Ratio	11.80	12.23
Tier 1 Common Equity (To RWA), Actual Ratio	10.73	11.17
Tier 1 Capital (To RWA), Actual Ratio	10.73	11.17
Tier 1 Capital (To Average Assets), Actual Ratio	9.05	9.50
Total Capital (To RWA), Minimum Required For Capital Adequacy Purpose	8	8
Tier 1 Common Equity (To RWA), Minimum Required For Capital Adequacy Purpose	4.50%	4.50%
Tier 1 Capital (To RWA), Minimum Required For Capital Adequacy Purpose	6	6
Tier 1 Capital (To Average Assets), Minimum Required For Capital Adequacy Purpose	4	4
Total Capital (To RWA), To Be Will Capitalized Under Prompt Corrective Action Regulations	10	10
Tier 1 Common Equity (To RWA), To Be Will Capitalized Under Prompt Corrective Action Regulations	6.50%	6.50%
Tier 1 Capital (To RWA), To Be Well Capitalized Under Prompt Corrective Action Regulations	8	8
Tier 1 Capital (To Average Assets), To Be Will Capitalized Under Prompt Corrective Action Regulations	5	5
Parent Company [Member]
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount	$ 135,967	$ 132,544
Tier 1 Common Equity (To RWA), Actual Amount	105,383	102,841
Tier 1 Capital (To RWA), Actual Amount	117,282	114,729
Tier 1 Capital (To Average Assets), Actual Amount	$ 117,282	$ 114,729
Total Capital (To RWA), Actual Ratio	13.02	13.49
Tier 1 Common Equity (To RWA), Actual Ratio	10.09	10.47
Tier 1 Capital (To RWA), Actual Ratio	11.23	11.68
Tier 1 Capital (To Average Assets), Actual Ratio	9.39	9.87

Regulatory Capital - Additional

Regulatory Capital - Additional Information (Details)	Sep. 30, 2020
Regulatory Capital
Tangible Capital to Tangible Assets	7.34

Derivative Hedging Instrument_2

Derivative Hedging Instruments (Details) - Swap [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Derivative Financial Instruments, Liabilities [Member]
Derivative, Swap Type	Fair Value	Fair Value
Derivative Liability, Notional Amount	$ (36,726)	$ (23,866)
Derivative Instruments Weighted Average Interest Rate Received Paid	(3.06%)	(4.69%)
Derivative Instruments, Repricing Frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ 345	$ (11)
Derivative Financial Instruments, Assets [Member]
Derivative, Swap Type	Fair Value	Fair Value
Derivative Asset, Notional Amount	$ 36,726	$ 23,866
Derivative Instruments Weighted Average Interest Rate Received Paid	3.06%	4.69%
Derivative Instruments, Repricing Frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ (345)	$ 11

Derivative Hedging Instrument_3

Derivative Hedging Instruments - Additional Information (Details) $ in Millions	Sep. 30, 2020USD ($)
Derivative Hedging Instruments
Derivative Notional Amount Outstanding	$ 500

Segment Results (Details)

Segment Results (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Contribution of segments to the consolidated results of operations
Total revenue	$ 13,095	$ 12,859	$ 38,918	$ 37,839
Net income (loss)	1,078	1,689	3,906	5,359
Community banking
Contribution of segments to the consolidated results of operations
Total revenue	12,263	11,739	36,096	34,367
Net income (loss)	2,509	2,791	7,788	8,621
Wealth management
Contribution of segments to the consolidated results of operations
Total revenue	2,620	2,458	7,672	7,315
Net income (loss)	547	477	1,510	1,365
Investment/Parent
Contribution of segments to the consolidated results of operations
Total revenue	(1,788)	(1,338)	(4,850)	(3,843)
Net income (loss)	$ (1,978)	$ (1,579)	$ (5,392)	$ (4,627)

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Commitments to extend credit
Loss Contingencies [Line Items]
Amount of commitment	$ 235.7	$ 195.5
Standby letters of Credit
Loss Contingencies [Line Items]
Amount of commitment	$ 13.5	$ 14.7

Pension Benefits - Component of

Pension Benefits - Component of net periodic benefit cost (Details) - Defined Benefit Pension Items - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Components of net periodic benefit cost
Service cost	$ 419	$ 368	$ 1,257	$ 1,104
Interest cost	320	392	960	1,176
Expected return on plan assets	(811)	(756)	(2,433)	(2,268)
Recognized net actuarial loss	611	412	1,833	1,236
Net periodic pension cost	$ 539	$ 416	$ 1,617	$ 1,248

Pension Benefits - Additional i

Pension Benefits - Additional information (Details)	Sep. 30, 2020
Pension Benefits
Minimum number of annual hours	1,000
Maximum percent of plan assets comprised of AmeriServ Financial, Inc. common stock	10.00%

Disclosures about Fair Value _3

Disclosures about Fair Value Measurements and Financial Instruments - Schedule of assets and liability measured and recorded on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Equity securities	$ 424	$ 366
Available for sale, at fair value	141,716	141,749
Fair value swap asset	3,665	959
Fair value swap liability	(3,665)	(959)
U.S. Agency
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale, at fair value	3,276	5,116
U.S. Agency mortgage-backed securities
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale, at fair value	69,042	81,633
Municipal
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale, at fair value	18,651	15,170
Corporate bonds
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale, at fair value	50,747	39,830
Level 1
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Equity securities	424	366
Level 2
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Fair value swap asset	3,665	959
Fair value swap liability	(3,665)	(959)
Level 2 | U.S. Agency
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale, at fair value	3,276	5,116
Level 2 | U.S. Agency mortgage-backed securities
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale, at fair value	69,042	81,633
Level 2 | Municipal
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale, at fair value	18,651	15,170
Level 2 | Corporate bonds
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale, at fair value	$ 50,747	$ 39,830

Disclosures about Fair Value _4

Disclosures about Fair Value Measurements and Financial Instruments - Schedule of assets measured and recorded at fair value on a non-recurring basis (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loan with carrying value	$ 266,000	$ 263,000
Specific valuation allowance	8,000	8,000
Impaired loans	258,000	255,000
Fair Value Measurements, Nonrecurring Basis
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loans	258,000	255,000
Other real estate owned	40,000	37,000
Fair Value Measurements, Nonrecurring Basis | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loans	258,000	$ 255,000
Appraisal adjustments		0.00%
Fair Value Measurements, Nonrecurring Basis | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Other real estate owned	$ 40,000	$ 37,000
Valuation Techniques	Appraisal of collateral
Appraisal adjustments	57.00%
Fair Value Measurements, Nonrecurring Basis | Minimum | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments	0.00%
Fair Value Measurements, Nonrecurring Basis | Minimum | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments		0.00%
Liquidation expenses	22.00%	21.00%
Fair Value Measurements, Nonrecurring Basis | Maximum | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments	100.00%	100.00%
Fair Value Measurements, Nonrecurring Basis | Maximum | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments		57.00%
Liquidation expenses	38.00%	134.00%
Fair Value Measurements, Nonrecurring Basis | Wgtd Ave | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments	3.00%	3.00%
Fair Value Measurements, Nonrecurring Basis | Wgtd Ave | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments	57.00%	38.00%
Liquidation expenses	30.00%	30.00%
Fair Value Measurements, Nonrecurring Basis | Level 3 | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loans	$ 258,000	$ 255,000
Other real estate owned	$ 40,000
Valuation Techniques	Appraisal of collateral	Appraisal of collateral
Fair Value Measurements, Nonrecurring Basis | Level 3 | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Other real estate owned		$ 37,000
Valuation Techniques		Appraisal of collateral

Disclosures about Fair Value _5

Disclosures about Fair Value Measurements and Financial Instruments - Schedule of estimated fair value and recorded carrying value (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Carrying Value	$ 42,636	$ 39,936
Loans held for sale	7,587	4,868
Loans, net of allowance for loan loss and unearned income, Carrying Value	931,496	873,427
Investment securities - HTM, Fair Value	45,308	41,082
Loans held for sale, Fair Value	7,766	4,970
Loans, net of allowance for loan loss and unearned income, Fair Value	941,988	873,908
FINANCIAL LIABILITIES: Carrying Value
Deposits with no stated maturities, Carrying Value	728,507	651,469
Deposits with stated maturities, Carrying Value	313,728	309,044
All other borrowings, Carrying Value	94,830	74,134
Deposits with no stated maturities, Fair Value	745,879	631,023
Deposits with stated maturities, Fair Value	317,679	310,734
All other borrowings, Fair Value	$ 100,945	76,323
Assets and liabilities considered financial instruments, percentage	90.00%
Level 1
FINANCIAL ASSETS: Carrying Value
Loans held for sale, Fair Value	$ 7,766	4,970
Level 2
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	42,311	38,129
Level 3
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	2,997	2,953
Loans, net of allowance for loan loss and unearned income, Fair Value	941,988	873,908
FINANCIAL LIABILITIES: Carrying Value
Deposits with no stated maturities, Fair Value	745,879	631,023
Deposits with stated maturities, Fair Value	317,679	310,734
All other borrowings, Fair Value	$ 100,945	$ 76,323