AmeriServ Financial (ASRV) 10-K 27 Mar 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 21, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	0-11204
Entity Registrant Name	AMERISERV FINANCIAL INC /PA/
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	25-1424278
Entity Address, Address Line One	MAIN & FRANKLIN STREETS
Entity Address, Address Line Two	P.O. BOX 430
Entity Address, City or Town	JOHNSTOWN
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15907-0430
City Area Code	814
Local Phone Number	533-5300
Title of 12(b) Security	Common Stock
Trading Symbol	ASRV
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 60,981,043
Entity Common Stock, Shares Outstanding		17,147,270
Auditor Name	S.R. Snodgrass, P.C.
Auditor Firm ID	74
Auditor Location	Cranberry Township, Pennsylvania
Entity Central Index Key	0000707605
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from depository institutions	$ 18,830,000	$ 24,748,000
Interest bearing deposits	4,132,000	10,942,000
Short-term investments		5,411,000
Cash and cash equivalents	22,962,000	41,101,000
Investment securities:
Available for sale, at fair value	179,508,000	163,171,000
Held to maturity (fair value $55,192 on December 31, 2022 and $55,516 on December 31, 2021)	61,878,000	53,751,000
Loans held for sale	59,000	983,000
Loans	991,109,000	985,880,000
Less: Unearned income	343,000	826,000
Less: Allowance for loan losses	10,743,000	12,398,000
Net loans	980,023,000	972,656,000
Premises and equipment:
Operating lease right-of-use asset	630,000	667,000
Financing lease right-of-use asset	2,413,000	2,684,000
Other premises and equipment, net	14,460,000	14,082,000
Accrued interest income receivable	4,804,000	3,984,000
Goodwill	13,611,000	13,611,000
Core deposit intangible	128,000	158,000
Bank owned life insurance	38,895,000	38,842,000
Net deferred tax asset	2,789,000
Federal Home Loan Bank stock	5,754,000	2,692,000
Federal Reserve Bank stock	2,125,000	2,125,000
Other assets	33,835,000	25,053,000
TOTAL ASSETS	1,363,874,000	1,335,560,000
LIABILITIES
Non-interest bearing deposits	195,123,000	211,106,000
Interest bearing deposits	913,414,000	928,272,000
Total deposits	1,108,537,000	1,139,378,000
Short-term borrowings	88,641,000
Advances from Federal Home Loan Bank	19,765,000	42,653,000
Operating lease liabilities	643,000	682,000
Financing lease liabilities	2,680,000	2,899,000
Subordinated debt	26,644,000	26,603,000
Total borrowed funds	138,373,000	72,837,000
Net deferred tax liability		934,000
Other liabilities	10,786,000	5,862,000
TOTAL LIABILITIES	1,257,696,000	1,219,011,000
SHAREHOLDERS' EQUITY
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,746,436 shares issued and 17,117,617 shares outstanding on December 31, 2022; 26,710,319 shares issued and 17,081,500 shares outstanding on December 31, 2021	267,000	267,000
Treasury stock at cost, 9,628,819 shares on December 31, 2022 and December 31, 2021	(83,280,000)	(83,280,000)
Capital surplus	146,225,000	146,069,000
Retained earnings	65,486,000	60,005,000
Accumulated other comprehensive loss, net	(22,520,000)	(6,512,000)
TOTAL SHAREHOLDERS' EQUITY	106,178,000	116,549,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,363,874,000	$ 1,335,560,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS
Held to maturity securities, fair value	$ 55,192	$ 55,516
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	26,746,436	26,710,319
Common stock, shares outstanding	17,117,617	17,081,500
Treasury stock, shares	9,628,819	9,628,819

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest and fees on loans
Taxable	$ 41,413	$ 40,496	$ 40,518
Tax exempt	71	89	110
Interest bearing deposits	26	6	15
Short-term investments	183	54	231
Investment securities:
Available for sale	5,610	4,543	4,591
Held to maturity	1,755	1,481	1,417
Total Interest Income	49,058	46,669	46,882
INTEREST EXPENSE
Deposits	6,424	4,806	7,634
Short-term borrowings	364	1	29
Advances from Federal Home Loan Bank	553	875	1,099
Financing lease liabilities	100	106	112
Guaranteed junior subordinated deferrable interest debentures		944	1,121
Subordinated debt	1,054	854	520
Total Interest Expense	8,495	7,586	10,515
Net Interest Income	40,563	39,083	36,367
Provision for loan losses	50	1,100	2,375
Net Interest Income after Provision for Loan Losses	40,513	37,983	33,992
NON-INTEREST INCOME
Non-interest income	14,737	14,968	12,823
Net gains on loans held for sale	208	664	1,523
Mortgage related fees	115	358	559
Net realized gains on investment securities		84
Bank owned life insurance	1,089	1,117	782
Other income	2,552	2,587	2,296
Total non-interest income	16,692	17,761	16,275
NON-INTEREST EXPENSE
Salaries and employee benefits	28,492	27,847	27,390
Net occupancy expense	2,883	2,620	2,510
Equipment expense	1,636	1,582	1,559
Professional fees	3,210	2,872	2,909
Data processing and IT expense	3,945	3,666	3,428
Supplies, postage and freight	651	668	714
Miscellaneous taxes and insurance	1,373	1,236	1,143
Federal deposit insurance expense	515	655	481
Branch acquisition costs		389
Other expense	5,299	5,435	4,321
Total Non-Interest Expense	48,004	46,970	44,455
PRETAX INCOME	9,201	8,774	5,812
Provision for income taxes	1,753	1,702	1,214
NET INCOME	$ 7,448	$ 7,072	$ 4,598
Basic:
Net income	$ 0.44	$ 0.41	$ 0.27
Average number of shares outstanding	17,107	17,073	17,053
Diluted:
Net income	$ 0.43	$ 0.41	$ 0.27
Average number of shares outstanding	17,146	17,114	17,063
Cash dividends declared	$ 0.115	$ 0.100	$ 0.100
Wealth management fees
NON-INTEREST INCOME
Non-interest income	$ 11,620	$ 11,986	$ 10,212
Service charges on deposit accounts
NON-INTEREST INCOME
Non-interest income	$ 1,108	$ 965	$ 903

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
COMPREHENSIVE (LOSS) INCOME
Net income	$ 7,448	$ 7,072	$ 4,598
Other comprehensive (loss) income
Pension obligation change for defined benefit plan	400	11,189	1,454
Income tax effect	(84)	(2,350)	(305)
Unrealized holding (losses) gains on available for sale securities arising during period	(20,664)	(2,642)	2,309
Income tax effect	4,340	555	(485)
Reclassification adjustment for net realized gains on available for sale securities included in net income		(84)
Income tax effect		18
Other comprehensive (loss) income	(16,008)	6,686	2,973
Comprehensive (loss) income	$ (8,560)	$ 13,758	$ 7,571

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' 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, 2019	$ 267	$ (83,129)	$ 145,888	$ 51,759	$ (16,171)
New common shares issued for exercise of stock options			78
Treasury stock purchased		(151)
Stock option expense			3
Net income				4,598		$ 4,598
Cash dividend declared on common stock				(1,716)
Other comprehensive (loss) income					2,973	2,973
Balance at end of period at Dec. 31, 2020	267	(83,280)	145,969	54,641	(13,198)	104,399
New common shares issued for exercise of stock options			57
Stock option expense			43
Net income				7,072		7,072
Cash dividend declared on common stock				(1,708)
Other comprehensive (loss) income					6,686	6,686
Balance at end of period at Dec. 31, 2021	267	(83,280)	146,069	60,005	(6,512)	116,549
New common shares issued for exercise of stock options			106
Stock option expense			50
Net income				7,448		7,448
Cash dividend declared on common stock				(1,967)
Other comprehensive (loss) income					(16,008)	(16,008)
Balance at end of period at Dec. 31, 2022	$ 267	$ (83,280)	$ 146,225	$ 65,486	$ (22,520)	$ 106,178

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
New common shares issued for exercise of stock options, shares	36,117	21,356	38,235
Cash dividend declared per common share	$ 0.115	$ 0.100	$ 0.100
COMMON STOCK
New common shares issued for exercise of stock options, shares	36,117	21,356	38,235
TREASURY STOCK
Treasury stock, purchased at cost, shares			35,962
CAPITAL SURPLUS
New common shares issued for exercise of stock options, shares	36,117	21,356	38,235
RETAINED EARNINGS
Cash dividend declared per common share	$ 0.115	$ 0.100	$ 0.100

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income	$ 7,448,000	$ 7,072,000	$ 4,598,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses	50,000	1,100,000	2,375,000
Depreciation and amortization expense	2,066,000	2,016,000	1,996,000
Amortization expense of core deposit intangible	30,000	19,000
Amortization of fair value adjustment on acquired time deposits	(101,000)	(98,000)
Net amortization of investment securities	108,000	222,000	285,000
Net realized gains on investment securities - available for sale		(84,000)
Net amortization of deferred loan fees	(553,000)	(1,351,000)	(707,000)
Origination of mortgage loans held for sale	(9,421,000)	(13,806,000)	(87,140,000)
Net gains on loans held for sale	(208,000)	(664,000)	(1,523,000)
Sales of mortgage loans held for sale	10,553,000	19,737,000	87,281,000
(Increase) decrease in accrued interest receivable	(820,000)	1,084,000	(1,619,000)
Increase (decrease) in accrued interest payable	45,000	(490,000)	(525,000)
Earnings on bank-owned life insurance	(1,089,000)	(1,117,000)	(782,000)
Deferred income taxes	533,000	729,000	1,614,000
Stock compensation expense	50,000	43,000	3,000
Net change in operating leases	(84,000)	(94,000)	(89,000)
Other, net	(3,398,000)	(4,379,000)	(7,140,000)
Net cash provided by (used in) operating activities	5,209,000	9,939,000	(1,373,000)
INVESTING ACTIVITIES
Purchase of investment securities - available for sale	(58,207,000)	(61,578,000)	(36,519,000)
Purchase of investment securities - held to maturity	(11,104,000)	(16,272,000)	(9,359,000)
Proceeds from maturities of investment securities - available for sale	19,638,000	38,826,000	36,215,000
Proceeds from maturities of investment securities - held to maturity	2,918,000	6,665,000	4,985,000
Proceeds from sales of investment securities - available for sale	1,519,000	960,000
Purchase of regulatory stock	(11,143,000)	(1,799,000)	(9,979,000)
Proceeds from redemption of regulatory stock	8,081,000	3,928,000	9,143,000
Long-term loans originated	(223,704,000)	(313,125,000)	(301,210,000)
Principal collected on long-term loans	216,787,000	301,498,000	212,179,000
Purchases of premises and equipment	(2,080,000)	(1,241,000)	(1,325,000)
Proceeds from sale of other real estate owned and repossessed assets	14,000	8,000	63,000
Cash acquired in branch acquisition, net		40,431,000
Proceeds from life insurance policies	1,000,000	1,211,000	490,000
Net cash used in investing activities	(56,281,000)	(488,000)	(95,317,000)
FINANCING ACTIVITIES
Net (decrease) increase in deposit balances	(30,740,000)	42,124,000	94,407,000
Net increase (decrease) in other short-term borrowings	88,641,000	(24,702,000)	2,290,000
Principal borrowings on advances from Federal Home Loan Bank		2,000,000	36,050,000
Principal repayments on advances from Federal Home Loan Bank	(22,888,000)	(24,336,000)	(24,729,000)
Principal payments on financing lease liabilities	(219,000)	(210,000)	(203,000)
Redemption of guaranteed junior subordinated deferrable interest debentures		(12,018,000)
Subordinated debt issuance, net		26,589,000
Redemption of subordinated debt		(7,650,000)
Stock options exercised	106,000	57,000	78,000
Purchases of treasury stock			(151,000)
Common stock dividend paid	(1,967,000)	(1,708,000)	(1,716,000)
Net cash provided by financing activities	32,933,000	146,000	106,026,000
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(18,139,000)	9,597,000	9,336,000
CASH AND CASH EQUIVALENTS AT JANUARY 1	41,101,000	31,504,000	22,168,000
CASH AND CASH EQUIVALENTS AT DECEMBER 31	$ 22,962,000	$ 41,101,000	$ 31,504,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BUSINESS AND NATURE OF OPERATIONS: AmeriServ Financial, Inc. (the Company) is a bank holding company, headquartered in Johnstown, Pennsylvania. Through its banking subsidiary, the Company operates 17 banking locations in five southwestern Pennsylvania counties and Hagerstown, Maryland. These branches provide a full range of consumer, mortgage, and commercial financial products. The AmeriServ Trust and Financial Services Company (the Trust Company) offers a complete range of trust and financial services and administers assets valued at approximately $2.3 billion that are not recognized on the Company’s Consolidated Balance Sheets at December 31, 2022. PRINCIPLES OF CONSOLIDATION: The consolidated financial statements include the accounts of AmeriServ Financial, Inc. and its wholly-owned subsidiaries, AmeriServ Financial Bank (the Bank), the Trust Company, and AmeriServ Life Insurance Company (AmeriServ Life). The Bank is a Pennsylvania state-chartered full service bank with 16 locations in Pennsylvania and 1 location in Maryland. AmeriServ Life was a captive insurance company that was formally closed on December 31, 2020. 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, intangible assets, income taxes, investment securities, pension, and the fair value of financial instruments. INVESTMENT SECURITIES: Securities are classified at the time of purchase as investment securities held to maturity if it is management’s intent and the Company has the ability to hold the securities until maturity. These held to maturity securities are carried on the Company’s books at cost, adjusted for amortization of premium and accretion of discount which is computed using the level yield method which approximates the effective interest method. Alternatively, securities are classified as available for sale if it is management’s intent at the time of purchase to hold the securities for an indefinite period of time and/or to use the securities as part of the Company’s asset/liability management strategy. Securities classified as available for sale include securities which may be sold to effectively manage interest rate risk exposure, prepayment risk, and other factors (such as liquidity requirements). These available for sale securities are reported at fair value with unrealized aggregate appreciation/depreciation excluded from income and credited/charged to accumulated other comprehensive income/loss within shareholders’ equity on a net of tax basis. Any securities classified as trading assets are reported at fair value with unrealized aggregate appreciation/depreciation included in income on a net of tax basis. The Company does not engage in trading activity. Realized gains or losses on securities sold are computed upon the adjusted cost of the specific securities sold. Available-for-sale and held-to-maturity securities are reviewed quarterly for possible other-than-temporary impairment. The review includes an analysis of the facts and circumstances of each individual investment such as the severity of loss, the length of time the fair value has been below cost, the expectation for that security’s performance, the creditworthiness of the issuer and the Company’s intent and ability to hold the security to recovery. The Company believes the unrealized losses on certain securities within the investments portfolio 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. 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. Additionally, the Company holds equity securities which are comprised of mutual funds held within a rabbi trust for the executive deferred compensation plan. Such securities are reported at fair value within other assets on the Consolidated Balance Sheets. Unrealized holding gains and losses on equity securities are included in earnings. FEDERAL HOME LOAN BANK STOCK: The Bank is a member of the Federal Home Loan Bank of Pittsburgh (FHLB) and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time any such situation has persisted; (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance; (3) the impact of legislative and regulatory changes on the customer base of FHLB; and (4) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. LOANS: Interest income is recognized using the level yield method related to principal amounts outstanding. The Company typically discontinues the accrual of interest income when loans become 90 days past due in either principal or interest. In addition, if circumstances warrant, the accrual of interest may be discontinued prior to 90 days. Payments received on non-accrual loans are credited to principal until full recovery of principal has been recognized; or the loan has been returned to accrual status. The only exception to this policy is for residential mortgage loans wherein interest income is recognized on a cash basis as payments are received. A non-accrual commercial loan is placed on accrual status after becoming current and remaining current for twelve consecutive payments. Residential mortgage loans are placed on accrual status upon becoming current. LOAN FEES: Loan origination and commitment fees, net of associated direct costs, are deferred and amortized into interest and fees on loans over the loan or commitment period. Fee amortization is determined by the effective interest method. LOANS HELD FOR SALE: Certain newly originated residential mortgage loans are classified as held for sale, because it is management’s intent to sell these residential mortgage loans. The residential mortgage loans held for sale are carried at the lower of aggregate cost or fair value. TRANSFERS OF FINANCIAL ASSETS: Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. PREMISES AND EQUIPMENT: Premises and equipment are stated at cost less accumulated depreciation and amortization. Land is carried at cost. Depreciation is charged to operations over the estimated useful lives of the premises and equipment using the straight-line method with a half-year convention. Useful lives of up to 30 years for buildings and up to 10 years for equipment are utilized. Leasehold improvements are amortized using the straight-line method over the terms of the respective leases or useful lives of the improvements, whichever is shorter. Maintenance, repairs, and minor alterations are charged to current operations as expenditures are incurred. LEASES: ​ The Company has operating and financing leases for several office locations and equipment. Generally, the underlying lease agreements do not contain any material residual value guarantees or material restrictive covenants. 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. 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 is the Federal Home Loan Bank of Pittsburgh advance rate corresponding to the remaining maturity of the lease. 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. ALLOWANCE FOR LOAN LOSSES AND CHARGE-OFF PROCEDURES: As a financial institution, which assumes lending and credit risks as a principal element of its business, the Company anticipates that credit losses will be experienced in the normal course of business. Accordingly, the Company consistently applies a comprehensive methodology and procedural discipline to perform an analysis which is updated on a quarterly basis at the Bank level to determine both the adequacy of the allowance for loan losses and the necessary provision for loan losses to be charged against earnings. This methodology includes: ● Review of all impaired commercial and commercial real estate loans to determine if any specific reserve allocations are required on an individual loan basis. In addition, consumer and residential mortgage loans with a balance of $150,000 or more are evaluated for impairment and specific reserve allocations are established, if applicable. All required specific reserve allocations are based on careful analysis of the loan’s performance, the related collateral value, cash flow considerations and the financial capability of any guarantor. For impaired loans the measurement of impairment may be based upon (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the observable market price of the impaired loan; or (3) the fair value of the collateral of a collateral dependent loan. ● The application of formula driven reserve allocations for all commercial and commercial real estate loans by using a three-year migration analysis of net losses incurred within each risk grade for the entire commercial loan portfolio. The difference between estimated and actual losses is reconciled through the nature of the migration analysis. ● The application of formula driven reserve allocations to consumer and residential mortgage loans which are based upon historical net charge-off experience for those loan types. The residential mortgage loan and consumer loan allocations are based upon the Company’s three-year historical average of actual loan net charge-offs experienced in each of those categories. ● The application of formula driven reserve allocations to all outstanding loans is based upon review of historical losses and qualitative factors, which include but are not limited to, economic trends, delinquencies, levels of non-accrual and TDR loans, 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. ● Management recognizes that there may be events or economic factors that have occurred affecting specific borrowers or segments of borrowers that may not yet be fully reflected in the information that the Company uses for arriving at reserves for a specific loan or portfolio segment. Therefore, the Company believes that there is estimation risk associated with the use of specific and formula driven allowances. After completion of this process, a formal meeting of the Loan Loss Reserve Committee is held to evaluate the adequacy of the reserve. When it is determined that the prospects for recovery of the principal of a loan have significantly diminished, the loan is charged-off against the allowance account; subsequent recoveries, if any, are credited to the allowance account. In addition, non-accrual and large delinquent loans are reviewed monthly to determine potential losses. The Company’s policy is to individually review, as circumstances warrant, its commercial and commercial mortgage loans to determine if a loan is impaired. 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. The Company defines classified loans as those loans rated substandard or doubtful. The Company has also identified three pools of small dollar value homogeneous loans which are evaluated collectively for impairment. These separate pools are for small business relationships with aggregate balances of $250,000 or less, residential mortgage loans and consumer loans. Individual loans within these pools are reviewed and evaluated for specific impairment if factors such as significant delinquency in payments of 90 days or more, bankruptcy, or other negative economic concerns indicate impairment. ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT: The allowance for unfunded loan commitments and letters of credit is maintained at a level believed by management to be sufficient to absorb estimated losses related to these unfunded credit facilities. The determination of the adequacy of the allowance is based on periodic evaluations of the unfunded credit facilities including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers and the terms and expiration dates of the unfunded credit facilities. Net adjustments to the allowance for unfunded loan commitments and letters of credit are provided for in the unfunded commitment reserve expense line item within other expense in the Consolidated Statements of Operations and a separate reserve is recorded within the other liabilities line item of the Consolidated Balance Sheets. BANK-OWNED LIFE INSURANCE: The Company has purchased life insurance policies on certain current and previous employees. These policies are recorded on the Consolidated Balance Sheets at their cash surrender value, or the amount that can be realized. Income from these policies and changes in the cash surrender value are recorded in bank owned life insurance within non-interest income. Additionally, income is accrued on certain policies that have reached the minimum floor rate of return. This guaranteed portion of income is not added to the cash surrender value of the policy until the policy anniversary date and is reported in other assets on the Consolidated Balance Sheets. INTANGIBLE ASSETS: Goodwill arising from business combinations represents the value attributable to unidentifiable intangible elements in the business acquired. Goodwill is not amortized, but is periodically evaluated for impairment. The Company tests goodwill for impairment on at least an annual basis. This approach could cause more volatility in the Company’s reported net income because impairment losses, if any, could occur irregularly and in varying amounts. Identifiable intangible assets are amortized to their estimated residual values over their expected useful lives. Such lives are also periodically reassessed to determine if any amortization period adjustments are required. The identifiable intangible assets consist of a core deposit intangible which is being amortized on an accelerated basis over a ten-year useful life. 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. Options to purchase 22,000, 22,000, and 139,759 shares of common stock were outstanding during 2022, 2021 and 2020, respectively, but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive. Exercise prices of anti-dilutive options to purchase common stock outstanding were $4.00-$4.22, $4.00-$4.22, and $3.18-$4.22 during 2022, 2021 and 2020, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 7,448 ​ $ 7,072 ​ $ 4,598 Denominator: ​ ​ ​ Weighted average common shares outstanding (basic) ​ 17,107 ​ 17,073 ​ 17,053 Effect of stock options ​ 39 ​ 41 ​ 10 Weighted average common shares outstanding (diluted) ​ 17,146 ​ 17,114 ​ 17,063 Earnings per common share: ​ ​ ​ Basic ​ $ 0.44 ​ $ 0.41 ​ $ 0.27 Diluted ​ 0.43 ​ 0.41 ​ 0.27 ​ STOCK-BASED COMPENSATION: The Company uses the modified prospective method for accounting of stock-based compensation. The fair value of each option grant is estimated on the grant date using the Binomial or Black-Scholes option pricing model and the expense is recognized ratably over the service period. Forfeitures are recognized as they occur. See Note 19 for details on the assumptions used. ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company presents the components of other comprehensive (loss) income in the Consolidated Statements of Comprehensive (Loss) Income. These components are comprised of the change in the defined benefit pension obligation and the unrealized holding gains (losses) on available for sale securities, net of any reclassification adjustments for realized gains and losses. 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 $1.1 million in income tax payments in 2022; $200,000 in 2021; and $315,000 in 2020. The Company had non-cash transfers to other real estate owned (OREO) and repossessed assets in the amounts of $53,000 in 2022; $8,000 in 2021; and $40,000 in 2020. During 2022 asset On May 21, 2021, AmeriServ Financial Bank completed its acquisition from Citizen’s Neighborhood Bank (CNB), an operating division of Riverview Bank, the branch and related deposit customers in Meyersdale, Pennsylvania and the deposit customers in Somerset, Pennsylvania. In addition to the branch acquisition related information disclosed on the Consolidated Statements of Cash Flows, the following were recorded as non-cash transfers on the corresponding lines of the Consolidated Balance Sheets as of December 31, 2021 (in thousands). ​ ​ ​ ​ Acquisition of Riverview Bank Branches ​ ​ ​ Non-cash assets acquired ​ ​ Loans ​ $ 36 Other premises and equipment, net ​ 158 Intangible assets ​ ​ 1,844 ​ ​ ​ 2,038 Non-cash liabilities assumed ​ ​ Non-interest bearing deposits ​ ​ (7,372) Interest bearing deposits ​ (35,060) Other liabilities ​ (37) ​ ​ ​ (42,469) Net non-cash liabilities assumed ​ $ (40,431) ​ INCOME TAXES: Deferred tax assets or liabilities are computed based on the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate. Deferred income tax expenses or credits are based on the changes in the corresponding asset or liability from period to period. Deferred tax assets are reduced, if necessary, by the amounts of such benefits that are not expected to be realized based upon available evidence. INTEREST RATE CONTRACTS: The Company recognizes all derivatives as either assets or liabilities on the Consolidated Balance Sheets and measures those instruments at fair value. For derivatives designated as fair value hedges, changes in the fair value of the derivative and hedged item related to the hedged risk are recognized in earnings. Changes in fair value of derivatives designated and accounted as cash flow hedges, to the extent they are effective as hedges, are recorded in “Other Comprehensive Income,” net of deferred taxes and are subsequently reclassified to earnings when the hedged transaction affects earnings. Any hedge ineffectiveness would be recognized in the income statement line item pertaining to the hedged item. The Company periodically enters into derivative instruments to meet the financing, interest rate and equity risk management needs of its customers or the Bank. Upon entering into these instruments to meet customer needs, the Company enters into offsetting positions to minimize interest rate and equity risk to the Company. These derivative financial instruments are reported at fair value with any resulting gain or loss recorded in current period earnings in amounts that offset. These instruments and their offsetting positions are recorded in other assets and other liabilities on the Consolidated Balance Sheets. PENSION: Pension costs and liabilities are dependent on assumptions used in calculating such amounts. These assumptions include discount rates, benefits earned, interest costs, expected return on plan assets, mortality rates, and other factors. In accordance with GAAP, actual results that differ from the assumptions are accumulated and amortized over future periods and, therefore, generally affect recognized expense and the recorded obligation of future periods. While management believes that the assumptions used are appropriate, differences in actual experience or changes in assumptions may affect the Company’s pension obligations and future expense. Additionally, pension expense can also be impacted by settlement accounting charges if the amount of employees selected lump sum distributions exceed the total amount of service and interest component costs of the net periodic pension cost in a particular year. The service cost component of net periodic benefit cost is determined by aggregating the product of the discounted cash flows of the plan’s service cost for each year and an individual spot rate (referred to as the “spot rate” approach). The interest cost component is determined by aggregating the product of the discounted cash flows of the plan’s projected benefit obligations for each year and an individual spot rate. Management believes this methodology is an appropriate measure of the service cost and interest cost as each year’s cash flows are specifically linked to the interest rates of bond payments in the same respective year. Our pension benefits are described further in Note 17 of the Notes to Consolidated Financial Statements. FAIR VALUE OF FINANCIAL INSTRUMENTS: We group our assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level I — Valuation is based upon quoted prices for identical instruments traded in active markets. Level II — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level III — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. We base our fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy in generally accepted accounting principles.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2022
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments The Company, as a smaller reporting company, evaluated the impact that ASU 2016-13 will have on our consolidated financial statements. We worked with an industry leading third-party consultant and software provider to assist us in the implementation of ASU 2016-13. Our implementation plan included assessment and documentation of processes, internal controls and data sources; model development, documentation and validation, including loan segmentation procedures and analyzing the methodology options; and system configuration, among other things. The Company intends to adopt ASU 2016-13 effective January 1, 2023. ​ The allowance for credit losses (ACL) will be based on our historical loss experience, borrower characteristics, reasonable and supportable forecasts of future economic conditions, and other relevant factors. We will also apply qualitative factors to account for information that may not be reflected in quantitatively derived results to ensure that the ACL reflects the best estimate of current expected credit losses. ​ Our team, under the direction of senior management, has completed the initial data gap assessment, enhancement of existing data, finalized the loan segmentation selections, and analyzed the methodology options regarding the calculation of expected credit losses. After analyzing our data and the nature of our portfolio in relation to the CECL transition, the team agreed to utilize the static pool analysis (cohort) method. This methodology most closely aligns with the Company’s current methodology leveraged in our incurred loss model calculation. The Company’s current methodology will be adjusted to appropriately incorporate and comply with ASU 2016-13 and, thus, offers an effective and efficient path to CECL compliance. ​ The static pool analysis methodology captures loans that qualify for a segment (i.e. balance of a pool of loans with similar risk characteristics) as of a point in time to form a cohort, then tracks that cohort over their remaining lives to determine their loss behavior. The remaining lifetime loss rate is then applied to current loans that qualify for the same segmentation criteria to form a remaining life expectation on current loans. Based on a preliminary parallel calculation as of December 31, 2022, the Company believes that the adoption of ASU 2016-13 will not have a significant impact on our financial statements. The allowance of credit losses under the CECL methodology is estimated to be between $11.8 million and $12.2 million for our loan portfolio. ​ Furthermore, ASU 2016-13 will necessitate that we establish an allowance for expected credit losses for held to maturity (HTM) debt securities. Based on the credit quality of the Company’s HTM debt securities portfolio, we do not expect the ACL to be significant and estimate it will be between $50,000 and $150,000. ​ In March 2022, the FASB issued ASU 2022-02, Financial Instruments – Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures . The guidance amends ASC 326 to eliminate the accounting guidance for TDRs by creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying TDR recognition and measurement guidance, creditors will determine whether a modification results in a new loan or continuation of an existing loan. These amendments are intended to enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, the amendments of ASC 326 require that an entity disclose current-period gross writeoffs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. The guidance is only for entities that have adopted the amendments of ASU 2016-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations which will be adopted with ASU 2016-13 effective January 1, 2023.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2022
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION ASU 2014-09, Revenue from Contracts with Customers Topic interest 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 77.6% 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 $850,000 has been established as of December 31, 2022 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 it performance obligation. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2022, 2021, and 2020 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-interest income: ​ ​ ​ ​ ​ ​ ​ ​ ​ In-scope of Topic 606 ​ ​ ​ Wealth management fees ​ $ 11,620 ​ $ 11,986 ​ $ 10,212 Service charges on deposit accounts ​ 1,108 ​ 965 ​ 903 Other ​ 2,009 ​ 2,017 ​ 1,708 Non-interest income (in-scope of topic 606) ​ 14,737 ​ 14,968 ​ 12,823 Non-interest income (out-of-scope of topic 606) ​ 1,955 ​ 2,793 ​ 3,452 Total non-interest income ​ $ 16,692 ​ $ 17,761 ​ $ 16,275 ​

CASH AND DUE FROM DEPOSITORY IN

CASH AND DUE FROM DEPOSITORY INSTITUTIONS	12 Months Ended
	Dec. 31, 2022
CASH AND DUE FROM DEPOSITORY INSTITUTIONS
CASH AND DUE FROM DEPOSITORY INSTITUTIONS	4. CASH AND DUE FROM DEPOSITORY INSTITUTIONS Cash and due from depository institutions totaled $18.8 million and $24.7 million as of December 31, 2022 and 2021, respectively. The Federal Reserve reduced reserve requirements to zero as of March 26, 2020. ​

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2022
INVESTMENT SECURITIES
INVESTMENT SECURITIES	5. INVESTMENT SECURITIES The cost basis and fair values of investment securities are summarized as follows: Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ COST BASIS GAINS LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 11,797 ​ $ 1 ​ $ (1,265) ​ $ 10,533 U.S. Agency mortgage-backed securities ​ 102,631 ​ 64 ​ (12,710) ​ 89,985 Municipal ​ 20,837 ​ — ​ (1,799) ​ 19,038 Corporate bonds ​ 63,152 ​ 30 ​ (3,230) ​ 59,952 Total ​ $ 198,417 ​ $ 95 ​ $ (19,004) ​ $ 179,508 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ COST BASIS GAINS LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 2,500 ​ $ — ​ $ (432) ​ $ 2,068 U.S. Agency mortgage-backed securities ​ ​ 18,877 ​ ​ 8 ​ ​ (2,212) ​ ​ 16,673 Municipal ​ 33,993 ​ 2 ​ (3,880) ​ 30,115 Corporate bonds and other securities ​ 6,508 ​ — ​ (172) ​ 6,336 Total ​ $ 61,878 ​ $ 10 ​ $ (6,696) ​ $ 55,192 ​ Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ COST BASIS GAINS LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 7,371 ​ $ 86 ​ $ (70) ​ $ 7,387 U.S. Agency mortgage-backed securities ​ 80,136 ​ 1,202 ​ (1,171) ​ 80,167 Municipal ​ 20,066 ​ 851 ​ (25) ​ 20,892 Corporate bonds ​ 53,843 ​ 1,028 ​ (146) ​ 54,725 Total ​ $ 161,416 ​ $ 3,167 ​ $ (1,412) ​ $ 163,171 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ ​ COST BASIS GAINS LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency $ 2,500 ​ $ — ​ $ (11) ​ $ 2,489 U.S. Agency mortgage-backed securities ​ 10,556 ​ ​ 203 ​ ​ (115) ​ ​ 10,644 Municipal ​ 33,188 ​ 1,734 ​ (103) ​ 34,819 Corporate bonds and other securities ​ 7,507 ​ 64 ​ (7) ​ 7,564 Total ​ $ 53,751 ​ $ 2,001 ​ $ (236) ​ $ 55,516 ​ 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 Investors Service or Standard & Poor’s rating of A. At December 31, 2022, 52.5% of the portfolio was rated AAA as compared to 47.1% at December 31, 2021. Approximately 14.7% of the portfolio was rated below A or unrated on December 31, 2022 and 2021. The Company and its subsidiaries, collectively, did not hold securities of any single issuer, excluding U.S. agencies, that exceeded 10% of shareholders’ equity at December 31, 2022. The book value of securities, both available for sale and held to maturity, pledged to secure public and trust deposits was $134,002,000 at December 31, 2022 and $122,574,000 at December 31, 2021. The Company realized $5,000 of gross investment security gains and $5,000 of gross investment security losses in 2022, realized $84,000 of gross investment security gains in 2021, and sold no investment securities during 2020. On a net basis, the realized gain for 2022 was zero and the realized gain for 2021 was $66,000 after factoring in tax expense of $18,000. Proceeds from sales of investment securities available for sale were $1.5 million for 2022 and $960,000 for 2021. The Company’s consolidated investment securities portfolio had an effective duration of approximately 4.67 years. The weighted average expected maturity for available for sale securities at December 31, 2022 for U.S. agency, U.S. agency mortgage-backed, corporate bond, and municipal securities was 5.62, 6.99, 4.18, and 4.06 years, respectively. The weighted average expected maturity for held to maturity securities at December 31, 2022 for U.S. agency, U.S. agency mortgage-backed, corporate bond/other securities, and municipal securities was 7.57, 7.39, 2.97, and 5.37 years, respectively. The following table sets forth the contractual maturity distribution of the investment securities, cost basis and fair market values as of December 31, 2022. Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TOTAL ​ ​ ​ ​ ​ ​ ​ U.S. AGENCY ​ INVESTMENT ​ ​ ​ ​ ​ ​ ​ ​ ​ MORTGAGE- ​ SECURITIES ​ ​ ​ ​ ​ ​ CORPORATE ​ BACKED ​ AVAILABLE ​ ​ U. S. AGENCY ​ MUNICIPAL ​ BONDS ​ SECURITIES ​ FOR SALE ​ ​ (IN THOUSANDS) COST BASIS ​ ​ ​ ​ ​ Within 1 year ​ $ — $ 1,065 $ 6,000 $ — ​ $ 7,065 After 1 year but within 5 years ​ 4,279 12,538 26,039 1,488 ​ 44,344 After 5 years but within 10 years ​ 6,000 7,234 30,463 5,577 ​ 49,274 Over 10 years ​ 1,518 — 650 95,566 ​ 97,734 Total ​ $ 11,797 $ 20,837 $ 63,152 $ 102,631 ​ $ 198,417 FAIR VALUE ​ Within 1 year ​ $ — $ 1,045 $ 5,970 ​ $ — ​ $ 7,015 After 1 year but within 5 years ​ 4,102 11,873 25,084 ​ 1,431 ​ 42,490 After 5 years but within 10 years ​ 5,048 6,120 28,364 ​ 5,264 ​ 44,796 Over 10 years ​ 1,383 — 534 ​ 83,290 ​ 85,207 Total ​ $ 10,533 $ 19,038 $ 59,952 ​ $ 89,985 ​ $ 179,508 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ TOTAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. AGENCY ​ INVESTMENT ​ ​ ​ ​ ​ ​ ​ ​ CORPORATE ​ MORTGAGE- ​ SECURITIES ​ ​ ​ ​ ​ ​ ​ ​ BONDS AND ​ BACKED ​ HELD TO ​ ​ U.S. AGENCY ​ MUNICIPAL ​ OTHER ​ SECURITIES ​ MATURITY ​ ​ (IN THOUSANDS) COST BASIS ​ ​ ​ ​ ​ ​ Within 1 year ​ $ — $ 425 $ 2,000 $ — $ 2,425 After 1 year but within 5 years ​ — ​ 8,874 ​ 3,015 ​ 1,005 ​ 12,894 After 5 years but within 10 years ​ 2,500 ​ 21,315 ​ 500 ​ 812 ​ 25,127 Over 10 years ​ — ​ 3,379 ​ 993 ​ 17,060 ​ 21,432 Total ​ $ 2,500 ​ $ 33,993 ​ $ 6,508 ​ $ 18,877 ​ $ 61,878 FAIR VALUE ​ Within 1 year ​ $ — $ 419 $ 1,942 $ — $ 2,361 After 1 year but within 5 years ​ — ​ 8,411 ​ 2,901 ​ 979 ​ 12,291 After 5 years but within 10 years ​ 2,068 ​ 18,550 ​ 500 ​ 779 ​ 21,897 Over 10 years ​ — ​ 2,735 ​ 993 ​ 14,915 ​ 18,643 Total ​ $ 2,068 ​ $ 30,115 ​ $ 6,336 ​ $ 16,673 ​ $ 55,192 ​ The following table presents information concerning investments with unrealized losses as of December 31, 2022 (in thousands): ​ Total investment securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ LESS THAN 12 MONTHS ​ 12 MONTHS OR LONGER ​ TOTAL ​ ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency ​ $ 5,446 ​ $ (350) ​ $ 6,653 ​ $ (1,347) ​ $ 12,099 ​ $ (1,697) U.S. Agency mortgage-backed securities ​ ​ 57,193 ​ ​ (4,018) ​ ​ 44,083 ​ ​ (10,904) ​ ​ 101,276 ​ ​ (14,922) Municipal ​ 37,175 ​ ​ (3,113) ​ ​ 11,475 ​ ​ (2,566) ​ ​ 48,650 ​ ​ (5,679) Corporate bonds and other securities ​ 39,549 ​ ​ (1,923) ​ ​ 16,721 ​ ​ (1,479) ​ ​ 56,270 ​ ​ (3,402) Total ​ $ 139,363 ​ $ (9,404) ​ $ 78,932 ​ $ (16,296) ​ $ 218,295 ​ $ (25,700) ​ The following table presents information concerning investments with unrealized losses as of December 31, 2021 (in thousands): ​ Total investment securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ LESS THAN 12 MONTHS ​ 12 MONTHS OR LONGER ​ TOTAL ​ ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency ​ $ 7,419 ​ $ (81) ​ $ — ​ $ — ​ $ 7,419 ​ $ (81) U.S. Agency mortgage-backed securities ​ ​ 45,422 ​ ​ (972) ​ ​ 6,691 ​ ​ (314) ​ ​ 52,113 ​ ​ (1,286) Municipal ​ 7,832 ​ ​ (128) ​ ​ — ​ ​ — ​ ​ 7,832 ​ ​ (128) Corporate bonds and other securities ​ 14,558 ​ ​ (92) ​ ​ 2,439 ​ ​ (61) ​ ​ 16,997 ​ ​ (153) Total ​ $ 75,231 ​ $ (1,273) ​ $ 9,130 ​ $ (375) ​ $ 84,361 ​ $ (1,648) ​ 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 426 positions that are considered temporarily impaired at December 31, 2022. 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 December 31, 2022, the Company had low premium risk as the book value of our mortgage-backed securities purchased at a premium was only 100.9% of the par value. As of December 31, 2022, 2021, and 2020, the Company reported $502,000, $526,000, and $443,000, 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. The realized loss on equity securities was $9,000 during 2022 while the realized gain on equity securities was $36,000 and $2,000 during 2021 and 2020, respectively. The unrealized loss was $13,000 in 2022 compared to an unrealized gain of $7,000 and $3,000 in 2021 and 2020, respectively. 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	12 Months Ended
	Dec. 31, 2022
LOANS
LOANS	6. LOANS The loan portfolio of the Company consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) Commercial: ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ 153,398 ​ $ 134,182 Paycheck Protection Program (PPP) ​ ​ 22 ​ ​ 17,311 Commercial loans secured by owner occupied real estate (1) ​ 75,158 ​ ​ 99,644 Commercial loans secured by non-owner occupied real estate (1) ​ 450,744 ​ ​ 430,825 Real estate − residential mortgage (1) ​ 297,971 ​ ​ 287,996 Consumer ​ 13,473 ​ ​ 15,096 Loans, net of unearned income ​ $ 990,766 ​ $ 985,054 (1) Real estate construction loans constituted 4.7% and 5.6% of the Company’s total loans, net of unearned income as of December 31, 2022 and 2021, respectively. Loan balances at December 31, 2022 and 2021 are net of unearned income of $343,000 and $826,000, respectively. The unearned income balance at December 31, 2022 includes no unrecognized fee income from PPP loan originations compared to $386,000 at December 31, 2021. The Company has no exposure to subprime mortgage loans in either the loan or investment portfolios. The Company has no direct loan exposure to foreign countries. Additionally, the Company has no significant industry lending concentrations. As of December 31, 2022 and 2021, loans to customers engaged in similar activities and having similar economic characteristics, as defined by standard industrial classifications, did not exceed 10% of total loans. Additionally, the majority of the Company’s lending occurs within a 250-mile radius of the Johnstown market. In the ordinary course of business, the subsidiaries have transactions, including loans, with their officers, directors, and their affiliated companies. In management’s opinion, these transactions were on substantially the same terms as those prevailing at the time for comparable transactions with unaffiliated parties and do not involve more than the normal credit risk. These loans totaled $587,000 and $601,000 at December 31, 2022 and 2021, respectively. The following table provides information regarding our potential risk concentrations for commercial and commercial real estate loans by industry type at December 31, 2022 and 2021 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ ​ ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ 7,690 ​ $ 7,690 Multifamily/apartments/student housing ​ — ​ — ​ 65 ​ 83,033 ​ 83,098 Office ​ 44,959 ​ — ​ 7,428 ​ 23,775 ​ 76,162 Retail ​ 6,478 ​ — ​ 17,072 ​ 147,601 ​ 171,151 Industrial/manufacturing/warehouse ​ 82,540 ​ — ​ 11,016 ​ 77,640 ​ 171,196 Hotels ​ — ​ — ​ — ​ 36,214 ​ 36,214 Eating and drinking places ​ 276 ​ 22 ​ 4,575 ​ 1,354 ​ 6,227 Personal care ​ 881 ​ — ​ — ​ 2,647 ​ 3,528 Amusement and recreation ​ 66 ​ — ​ 3,223 ​ 3 ​ 3,292 Mixed use ​ — ​ — ​ 4,268 ​ 51,222 ​ 55,490 Other ​ 18,198 ​ — ​ 27,511 ​ 19,565 ​ 65,274 Total ​ $ 153,398 ​ $ 22 ​ $ 75,158 ​ $ 450,744 ​ $ 679,322 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ ​ ​ ​ 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 ​ $ 1,246 ​ $ — ​ $ 96 ​ $ 8,565 ​ $ 9,907 Multifamily/apartments/student housing ​ — ​ — ​ 245 ​ 73,912 ​ 74,157 Office ​ 37,386 ​ 203 ​ 8,644 ​ 28,500 ​ 74,733 Retail ​ 7,253 ​ 444 ​ 20,439 ​ 148,668 ​ 176,804 Industrial/manufacturing/warehouse ​ 74,508 ​ 5,940 ​ 21,468 ​ 44,316 ​ 146,232 Hotels ​ 154 ​ 1,764 ​ — ​ 42,425 ​ 44,343 Eating and drinking places ​ 484 ​ 6,591 ​ 4,537 ​ 1,752 ​ 13,364 Personal care ​ 1,197 ​ 173 ​ — ​ 4,315 ​ 5,685 Amusement and recreation ​ 92 ​ 53 ​ 5,402 ​ 12 ​ 5,559 Mixed use ​ — ​ — ​ 4,031 ​ 62,088 ​ 66,119 Other ​ 11,862 ​ 2,143 ​ 34,782 ​ 16,272 ​ 65,059 Total ​ $ 134,182 ​ $ 17,311 ​ $ 99,644 ​ $ 430,825 ​ $ 681,962 ​ 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 and subsequent legislation 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. In addition, PPP allows certain eligible borrowers that previously received a PPP loan to apply for a second draw loan with the same general terms described above. The maximum loan amount of a second draw PPP loan is 2.5 times, or 3.5 times for borrowers within the hospitality industry, the average monthly 2019 or 2020 payroll costs up to $2.0 million. Eligibility for a second draw PPP loan is based on the following criteria: (a) borrower previously received a first draw PPP loan and used the full amount for only authorized expenditures; (b) borrower has 300 or less employees; and (c) borrower can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The PPP loan program expired on May 31, 2021 for originating new loans. As of December 31, 2022, the Company had 1 PPP loan outstanding totaling $22,000 and has recorded a total of $434,000 of processing fee income and interest income from PPP lending activity for the year ended. As of December 31, 2021, the Company had 114 PPP loans outstanding totaling $17.3 million and had recorded a total of $2.3 million of processing fee income and interest income from PPP lending activity for the year ended.

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2022
ALLOWANCE FOR LOAN LOSSES
ALLOWANCE FOR LOAN LOSSES	7. ALLOWANCE FOR LOAN LOSSES 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. ​ The following table summarizes the rollforward of the allowance for loan losses by portfolio segment (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2021 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 3,071 ​ $ (97) ​ $ 4 ​ $ (325) ​ $ 2,653 Commercial loans secured by non-owner occupied real estate ​ 6,392 ​ (1,390) ​ 54 ​ 916 ​ 5,972 Real estate − residential mortgage ​ 1,590 ​ (28) ​ 19 ​ (201) ​ 1,380 Consumer ​ 113 ​ (334) ​ 67 ​ 239 ​ 85 Allocation for general risk ​ 1,232 ​ — ​ — ​ (579) ​ 653 Total ​ $ 12,398 ​ $ (1,849) ​ $ 144 ​ $ 50 ​ $ 10,743 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2020 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2021 Commercial ​ $ 3,472 ​ $ (146) ​ $ 89 ​ $ (344) ​ $ 3,071 Commercial loans secured by non-owner occupied real estate ​ 5,373 ​ — ​ 51 ​ 968 ​ 6,392 Real estate − residential mortgage ​ 1,292 ​ (17) ​ 49 ​ 266 ​ 1,590 Consumer ​ 115 ​ (131) ​ 58 ​ 71 ​ 113 Allocation for general risk ​ 1,093 ​ — ​ — ​ 139 ​ 1,232 Total ​ $ 11,345 ​ $ (294) ​ $ 247 ​ $ 1,100 ​ $ 12,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2019 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2020 Commercial ​ $ 3,951 ​ $ (111) ​ $ 4 ​ $ (372) ​ $ 3,472 Commercial loans secured by non-owner occupied real estate ​ 3,119 ​ — ​ 44 ​ 2,210 ​ 5,373 Real estate − residential mortgage ​ 1,159 ​ (233) ​ 62 ​ 304 ​ 1,292 Consumer ​ 126 ​ (143) ​ 68 ​ 64 ​ 115 Allocation for general risk ​ 924 ​ — ​ — ​ 169 ​ 1,093 Total ​ $ 9,279 ​ $ (487) ​ $ 178 ​ $ 2,375 ​ $ 11,345 ​ The $325,000 allowance for loan losses credit recorded during the year ended December 31, 2022 within the commercial portfolio was due to a lower level of criticized assets and, to a lesser extent, portfolio contraction. A $916,000 allowance for loan losses provision was recorded for the non-owner occupied commercial real estate portfolio as a result of the partial charge-down and transfer of one loan relationship into non-accrual status during the third quarter of the year while the borrower pursues the sale of the property. Additionally, the non-owner occupied commercial real estate portfolio was impacted by the risk rating downgrade of another loan relationship as well as portfolio growth. It is further noted that the allocation for general risk eased due to improvement in the qualitative adjustment as the economy demonstrated improvement coming out of the pandemic during 2022. The $344,000 allowance for loan losses credit recorded during the year ended December 31, 2021 within the commercial portfolio was attributable to lower criticized commercial and industrial loans outstanding resulting from upgrades of certain credits originally impacted by the pandemic, as well as lower historical loss rates. While a $968,000 allowance for loan losses provision was recorded for the non-owner occupied commercial real estate portfolio which stemmed from overall portfolio growth as well as elevated classified commercial real estate balances. For the year ended December 31, 2020, a $372,000 allowance for loan losses credit was recognized for the commercial portfolio due to portfolio contraction, reduced classified asset levels, and lower historical loss factors. In addition, a $2.2 million allowance for loan losses provision was recorded for the non-owner occupied commercial real estate portfolio which resulted from overall portfolio growth coupled with escalated criticized asset levels driven primarily by pandemic related downgrades. The following tables summarize the loan portfolio and allowance for loan losses by the primary segments of the loan portfolio. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ COMMERCIAL LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURED BY NON- ​ REAL ESTATE − ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OWNER OCCUPIED ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ Loans: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER TOTAL ​ ​ (IN THOUSANDS) Individually evaluated for impairment ​ $ 1,989 ​ $ 1,586 ​ $ — ​ $ — ​ $ 3,575 Collectively evaluated for impairment ​ 226,589 ​ 449,158 ​ 297,971 ​ 13,473 ​ 987,191 Total loans ​ $ 228,578 ​ $ 450,744 ​ $ 297,971 ​ $ 13,473 ​ $ 990,766 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ COMMERCIAL LOANS ​ ​ ​ ​ ​ ​ ALLOCATION ​ ​ ​ ​ ​ ​ ​ ​ SECURED BY NON- ​ REAL ESTATE − ​ ​ ​ ​ FOR ​ ​ ​ Allowance ​ ​ ​ ​ OWNER OCCUPIED ​ RESIDENTIAL ​ ​ ​ ​ GENERAL ​ ​ ​ for loan losses: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER RISK TOTAL ​ ​ (IN THOUSANDS) Specific reserve allocation ​ $ 520 ​ $ 3 ​ $ — ​ $ — ​ $ — ​ $ 523 General reserve allocation ​ 2,133 ​ 5,969 ​ 1,380 ​ 85 ​ 653 ​ 10,220 Total allowance for loan losses ​ $ 2,653 ​ $ 5,972 ​ $ 1,380 ​ $ 85 ​ $ 653 ​ $ 10,743 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ COMMERCIAL LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURED BY NON- ​ REAL ESTATE − ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OWNER OCCUPIED ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ Loans: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER TOTAL ​ ​ (IN THOUSANDS) Individually evaluated for impairment ​ $ 2,165 ​ $ 5 ​ $ — ​ $ — ​ $ 2,170 Collectively evaluated for impairment ​ 248,972 ​ 430,820 ​ 287,996 ​ 15,096 ​ 982,884 Total loans ​ $ 251,137 ​ $ 430,825 ​ $ 287,996 ​ $ 15,096 ​ $ 985,054 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ COMMERCIAL LOANS ​ ​ ​ ​ ​ ​ ALLOCATION ​ ​ ​ ​ ​ ​ ​ ​ SECURED BY NON- ​ REAL ESTATE − ​ ​ ​ ​ FOR ​ ​ ​ Allowance ​ ​ ​ ​ OWNER OCCUPIED ​ RESIDENTIAL ​ ​ ​ ​ GENERAL ​ ​ ​ for loan losses: ​ COMMERCIAL REAL ESTATE MORTGAGE CONSUMER RISK TOTAL ​ ​ (IN THOUSANDS) Specific reserve allocation $ 628 ​ $ 5 ​ $ — ​ $ — ​ $ — ​ $ 633 General reserve allocation ​ 2,443 ​ 6,387 ​ 1,590 ​ 113 ​ 1,232 ​ 11,765 Total allowance for loan losses ​ $ 3,071 ​ $ 6,392 ​ $ 1,590 ​ $ 113 ​ $ 1,232 ​ $ 12,398 ​ Management evaluates for possible impairment any individual loan in the commercial or commercial real estate segment that is in non-accrual status or classified as a Troubled Debt Restructure (TDR). In addition, consumer and residential mortgage loans with a balance of 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 Collections and 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 Collections and 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 Collections and 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 Collections and Assigned Risk Department personnel, rests with the Collections and 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 DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 1,989 ​ $ 520 ​ $ — ​ $ 1,989 ​ $ 2,240 Commercial loans secured by non-owner occupied real estate ​ ​ 3 ​ ​ 3 ​ ​ 1,583 ​ ​ 1,586 ​ ​ 1,643 Total impaired loans ​ $ 1,992 ​ $ 523 ​ $ 1,583 ​ $ 3,575 ​ $ 3,883 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 2,165 ​ $ 628 ​ $ — ​ $ 2,165 ​ $ 2,260 Commercial loans secured by non-owner occupied real estate ​ ​ 5 ​ ​ 5 ​ ​ — ​ ​ 5 ​ ​ 27 Total impaired loans ​ $ 2,170 ​ $ 633 ​ $ — ​ $ 2,170 ​ $ 2,287 ​ The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) Average impaired balance: ​ ​ ​ Commercial ​ $ 2,062 ​ $ 2,301 ​ $ 839 Commercial loans secured by non-owner occupied real estate ​ 805 ​ 7 ​ 8 Average investment in impaired loans ​ $ 2,867 ​ $ 2,308 ​ $ 847 Interest income recognized: ​ ​ ​ Commercial ​ $ — ​ $ 15 ​ $ 38 Commercial loans secured by non-owner occupied real estate ​ — ​ — ​ — Interest income recognized on a cash basis on impaired loans ​ $ — ​ $ 15 ​ $ 38 ​ 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 2022 required review of approximately 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 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 DECEMBER 31, 2022 ​ ​ ​ ​ ​ SPECIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PASS MENTION SUBSTANDARD DOUBTFUL TOTAL ​ ​ (IN THOUSANDS) Commercial and industrial ​ $ 148,361 ​ $ — ​ $ 5,037 ​ $ — ​ $ 153,398 Paycheck Protection Program (PPP) ​ ​ 22 ​ ​ — ​ ​ — ​ ​ — ​ ​ 22 Commercial loans secured by owner occupied real estate ​ 74,187 ​ — ​ 971 ​ — ​ 75,158 Commercial loans secured by non-owner occupied real estate ​ 423,486 ​ 11,015 ​ 16,240 ​ 3 ​ 450,744 Total ​ $ 646,056 ​ $ 11,015 ​ $ 22,248 ​ $ 3 ​ $ 679,322 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ SPECIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PASS MENTION SUBSTANDARD DOUBTFUL TOTAL ​ ​ (IN THOUSANDS) Commercial and industrial ​ $ 125,079 ​ $ 6,722 ​ $ 738 ​ $ 1,643 ​ $ 134,182 Paycheck Protection Program (PPP) ​ ​ 17,311 ​ ​ — ​ ​ — ​ ​ — ​ ​ 17,311 Commercial loans secured by owner occupied real estate ​ 98,271 ​ 297 ​ 1,076 ​ — ​ 99,644 Commercial loans secured by non-owner occupied real estate ​ 399,104 ​ 19,322 ​ 12,394 ​ 5 ​ 430,825 Total ​ $ 639,765 ​ $ 26,341 ​ $ 14,208 ​ $ 1,648 ​ $ 681,962 ​ 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 DECEMBER 31, 2022 ​ ​ ​ ​ NON- ​ ​ ​ PERFORMING PERFORMING TOTAL ​ ​ (IN THOUSANDS) Real estate – residential mortgage ​ $ 296,401 ​ $ 1,570 ​ $ 297,971 Consumer ​ 13,457 ​ 16 ​ ​ 13,473 Total ​ $ 309,858 ​ $ 1,586 ​ $ 311,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ NON- ​ ​ ​ PERFORMING PERFORMING TOTAL ​ ​ (IN THOUSANDS) Real estate – residential mortgage ​ $ 286,843 ​ $ 1,153 ​ $ 287,996 Consumer ​ 15,096 ​ — ​ ​ 15,096 Total ​ $ 301,939 ​ $ 1,153 ​ $ 303,092 ​ 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 DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 152,314 ​ $ 797 ​ $ 287 ​ $ — ​ $ 1,084 ​ $ 153,398 ​ $ — Paycheck Protection Program (PPP) ​ ​ 22 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 22 ​ ​ — Commercial loans secured by owner occupied real estate ​ 74,960 ​ 198 ​ ​ — ​ — ​ 198 ​ ​ 75,158 ​ — Commercial loans secured by non-owner occupied real estate ​ 446,809 ​ 3,935 ​ ​ — ​ — ​ 3,935 ​ ​ 450,744 ​ — Real estate – residential mortgage ​ 295,790 ​ 489 ​ ​ 422 ​ 1,270 ​ 2,181 ​ ​ 297,971 ​ — Consumer ​ 13,290 ​ 60 ​ ​ 114 ​ 9 ​ 183 ​ ​ 13,473 ​ — Total ​ $ 983,185 ​ $ 5,479 ​ $ 823 ​ $ 1,279 ​ $ 7,581 ​ $ 990,766 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 133,918 ​ $ 14 ​ $ 250 ​ $ — ​ $ 264 ​ $ 134,182 ​ $ — Paycheck Protection Program (PPP) ​ ​ 17,311 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 17,311 ​ ​ — Commercial loans secured by owner occupied real estate ​ 99,454 ​ — ​ ​ 190 ​ — ​ 190 ​ ​ 99,644 ​ — Commercial loans secured by non-owner occupied real estate ​ 428,790 ​ 2,035 ​ ​ — ​ — ​ 2,035 ​ ​ 430,825 ​ — Real estate – residential mortgage ​ 283,178 ​ 2,449 ​ ​ 1,240 ​ 1,129 ​ 4,818 ​ ​ 287,996 ​ — Consumer ​ 14,938 ​ 151 ​ ​ 7 ​ — ​ 158 ​ ​ 15,096 ​ — Total ​ $ 977,589 ​ $ 4,649 ​ $ 1,687 ​ $ 1,129 ​ $ 7,465 ​ $ 985,054 ​ $ — ​ 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)	12 Months Ended
	Dec. 31, 2022
NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (TDR)
NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (TDR)	8. NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (TDR) Non-performing assets are comprised of (i) loans which are on a non-accrual basis, (ii) loans which are contractually past due 90 days or more as to interest or principal payments, (iii) performing loans classified as TDR and (iv) OREO (real estate acquired through foreclosure and in-substance foreclosures) and repossessed assets. The following table presents information concerning non-performing assets including TDR: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS, EXCEPT ​ ​ PERCENTAGES) Non-accrual loans: ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ 1,989 ​ $ 2,165 ​ Commercial loans secured by non-owner occupied real estate ​ ​ 1,586 ​ ​ 5 ​ Real estate – residential mortgage ​ 1,577 ​ 1,153 ​ Consumer ​ ​ 9 ​ ​ — ​ Total ​ 5,161 ​ 3,323 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other real estate owned and repossessed assets: ​ ​ ​ Real estate – residential mortgage ​ 38 ​ — ​ Consumer ​ 1 ​ — ​ Total ​ 39 ​ — ​ Total non-performing assets including TDR ​ $ 5,200 ​ $ 3,323 ​ Total non-performing assets as a percent of loans, net of unearned income, other real estate owned and repossessed assets ​ 0.53 % 0.34 % ​ The Company had no loans past due 90 days or more for the periods presented which were accruing interest. 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. To be considered a TDR, both ● the borrower must be experiencing financial difficulties; and ● the Bank, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that would not otherwise be considered. Factors that indicate a borrower is experiencing financial difficulties include, but are not limited to: ● the borrower is currently in default on their loan(s); ● the borrower has filed for bankruptcy; ● the borrower has insufficient cash flows to service their loan(s); or ● the borrower is unable to obtain refinancing from other sources at a market rate similar to rates available to a non-troubled debtor. Factors that indicate that a concession has been granted include, but are not limited to: ● the borrower is granted an interest rate reduction to a level below market rates for debt with similar risk; or ● the borrower is granted a material maturity date extension, or extension of the amortization plan to provide payment relief. For purposes of this policy, a material maturity date extension will generally include any maturity date extension, or the aggregate of multiple consecutive maturity date extensions, that exceed 120 days . A restructuring that results in an insignificant delay in payment, i.e. 120 days or less, is not necessarily a TDR. Insignificant payment delays occur when the amount of the restructured payments subject to the delay is insignificant relative to the unpaid principal or collateral value, and will result in an insignificant shortfall in the originally scheduled contractual amount due, and/or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the original maturity or the original amortization. The determination of whether a restructured loan is a TDR requires consideration of all of the facts and circumstances surrounding the modification. No single factor is determinative of whether a restructuring is a TDR. An overall general decline in the economy or some deterioration in a borrower’s financial condition does not automatically mean that the borrower is experiencing financial difficulty. Accordingly, determination of whether a modification is a TDR involves a large degree of judgment. Any loan modification where the loan currently maintains a criticized or classified risk rating, i.e. Special Mention, Substandard or Doubtful, or where the loan will be assigned a criticized or classified rating after the modification is evaluated to determine the need for TDR classification. The specific ALL reserve for loans modified as TDR’s was $123,000 and $132,000 as of December 31, 2022 and 2021, respectively. The following table details the loans modified as TDRs during the year ended December 31, 2022 (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans in non-accrual status ​ # of Loans Current Balance Concession Granted Commercial and industrial ​ 1 ​ $ 452 ​ Subsequent modification of a TDR - Extension of maturity date with a below market interest rate Commercial loans secured by non-owner occupied real estate ​ 1 ​ $ 1,583 ​ Extension of maturity date with an interest only period at below market interest rate ​ The following table details the loan modified as a TDR during the year ended December 31, 2021 (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans in non-accrual status ​ # of Loans Current Balance Concession Granted Commercial and industrial 1 ​ $ 477 Subsequent modification of a TDR - Extension of maturity date with a below market interest rate ​ In all instances where loans have been modified in troubled debt restructurings the pre- and post-modified balances are the same. Once a loan is classified as a TDR, this classification will remain until documented improvement in the financial position of the borrower supports confidence that all principal and interest will be paid according to terms. Additionally, the customer must have re-established a track record of timely payments according to the restructured contract terms for a minimum of six consecutive months prior to consideration for removing the loan from non-accrual TDR status. However, a loan will continue to be on non-accrual status until, consistent with our policy, the borrower has made a minimum of six consecutive payments in accordance with the terms of the loan. There were no loans that were modified as TDRs in the previous 12 months and defaulted during the reporting periods ending December 31, 2022, 2021 or 2020, respectively All TDRs are individually evaluated for impairment and a related allowance is recorded, as needed. 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. OREO and repossessed assets are recorded at the lower of (1) fair value minus estimated costs to sell or (2) carrying cost. Foreclosed assets acquired in settlement of loans carried at fair value less estimated costs to sell are included in other assets on the Consolidated Balance Sheets. As of December 31, 2022, a total of $38,000 of residential real estate foreclosed assets were included in other assets. As of December 31, 2021, there were no residential real estate foreclosed assets included in other assets. As of December 31, 2022, the Company had initiated formal foreclosure procedures on $258,000 of consumer residential mortgages. ​ 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 60 th ​ In response to the COVID-19 pandemic, the Company remains committed to prudently working with and supporting our borrowers that have been hardest hit by the pandemic by granting them loan payment modifications. The following table presents information comparing loans which were subject to a loan modification related to COVID-19, as of December 31, 2022 and 2021. 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 DECEMBER 31, 2022 ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ % of Outstanding ​ ​ % of Outstanding ​ Balance ​ Non-PPP Loans ​ Balance ​ Non-PPP Loans ​ (in thousands) ​ ​ ​ (in thousands) ​ ​ CRE/Commercial $ 199 0.03 % ​ $ 7,488 1.08 % Home Equity/Consumer — — ​ ​ 57 0.06 ​ Residential Mortgage 32 0.02 ​ ​ 203 0.11 ​ Total $ 231 0.02 ​ ​ $ 7,748 0.80 ​ ​ ​ The balance of loan modifications related to COVID-19 at December 31, 2022 represents a decrease of $7.5 million, or 97.0%, from the balance of loans modified for COVID-19 at December 31, 2021. In addition, this current level of borrowers requesting payment deferrals is down sharply from its peak level of approximately $200 million that occurred at June 30, 2020. As a result of these loan modifications, the Company has recorded $503,000 of accrued interest income that has not been received as of December 31, 2022. ​ Borrower requested modifications primarily consist of the deferral of principal and/or interest payments. The following table presents the composition of the types of payment relief that have been granted. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ AT DECEMBER 31, 2021 ​ Number of Loans Balance Number of Loans Balance ​ ​ ​ (in thousands) ​ ​ ​ (in thousands) Type of Payment Relief ​ ​ Interest only payments 1 ​ $ 199 6 ​ $ 3,768 Complete payment deferrals 2 ​ 32 5 ​ 3,980 Total 3 ​ $ 231 11 ​ $ 7,748 ​ Management continues to carefully monitor asset quality with a particular focus on customers that have requested payment deferrals during this difficult economic time. Deferral extension requests were considered based upon the customer’s needs and their impacted industry, borrower and guarantor capacity to service debt as well as issued regulatory guidance. At December 31, 2022, the COVID-19 related modification within the commercial real estate and commercial loan portfolios is to one borrower in the personal care industry. In order to properly monitor the increased credit risk associated with modified loans, the Asset Quality Task Force meets periodically to review these particular relationships, receiving input from the business lenders regarding their ongoing discussions with the borrowers.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	9. PREMISES AND EQUIPMENT An analysis of premises and equipment follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) Land ​ $ 1,225 ​ $ 1,225 Premises ​ 30,079 ​ 28,944 Furniture and equipment ​ 8,428 ​ 8,908 Leasehold improvements ​ 1,202 ​ 1,174 Total at cost ​ 40,934 ​ 40,251 Less: Accumulated depreciation and amortization ​ 26,474 ​ 26,169 Premises and equipment, net ​ $ 14,460 ​ $ 14,082 ​ The Company recorded depreciation and amortization expense of $1.7 million for 2022, $1.7 million for 2021, and $1.6 million for 2020. The Company utilizes a contract cleaner to provide janitorial services for several office locations. The contract cleaner is owned by a Director of the Company. The amount paid to this related party totaled $200,000, $241,000, and $232,000 for the years ended December 31, 2022, 2021, and 2020, respectively.

LEASE COMMITMENTS

LEASE COMMITMENTS	12 Months Ended
	Dec. 31, 2022
LEASE COMMITMENTS
LEASE COMMITMENTS	10. 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) The following table presents the lease cost associated with both operating and financing leases for the years ended December 31, 2022, 2021, and 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ (IN THOUSANDS) Lease cost ​ ​ ​ ​ ​ ​ ​ Financing lease cost: ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use asset ​ $ 271 ​ $ 272 ​ $ 271 Interest expense ​ 100 ​ 106 ​ 112 Operating lease cost ​ ​ 106 ​ ​ 116 ​ ​ 116 Total lease cost ​ $ 477 ​ $ 494 ​ $ 499 ​ The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at December 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ ​ 2022 ​ ​ 2021 ​ ​ OPERATING ​ FINANCING ​ ​ OPERATING ​ FINANCING ​ Weighted-average remaining term (years) 10.0 ​ 15.1 ​ ​ 11.0 ​ 15.5 ​ Weighted-average discount rate 3.54 % ​ 3.62 % ​ 3.53 % ​ 3.56 % ​ The following table presents the undiscounted cash flows due related to operating and financing leases as of December 31, 2022 and 2021, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets. ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ OPERATING FINANCING ​ ​ (IN THOUSANDS) Undiscounted cash flows due in: ​ ​ ​ ​ ​ ​ 2023 ​ $ 85 ​ $ 309 2024 ​ 85 ​ 249 2025 ​ 75 ​ 248 2026 ​ 69 ​ 181 2027 ​ 69 ​ 181 Thereafter ​ 382 ​ 2,397 Total undiscounted cash flows ​ 765 ​ 3,565 Discount on cash flows ​ (122) ​ (885) Total lease liabilities ​ $ 643 ​ $ 2,680 ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ OPERATING FINANCING ​ ​ (IN THOUSANDS) Undiscounted cash flows due in: ​ ​ ​ ​ ​ ​ 2022 ​ $ 98 ​ $ 320 2023 ​ 69 ​ 309 2024 ​ 69 ​ 249 2025 ​ 69 ​ 248 2026 ​ 69 ​ 181 Thereafter ​ 452 ​ 2,578 Total undiscounted cash flows ​ 826 ​ 3,885 Discount on cash flows ​ (144) ​ (986) Total lease liabilities ​ $ 682 ​ $ 2,899 ​ The Company leases approximately 1,049 square feet of office space within its headquarters building to a Director of the Company. The amount paid by this related party totaled

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2022
DEPOSITS.
DEPOSITS	11. DEPOSITS The following table sets forth the balance of the Company’s deposits: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) Demand: ​ ​ Non-interest bearing ​ $ 195,123 ​ $ 211,106 Interest bearing ​ 236,746 ​ 235,582 Savings ​ 135,796 ​ 133,163 Money market ​ 254,868 ​ 267,202 Certificates of deposit ​ 286,004 ​ 292,325 Total deposits ​ $ 1,108,537 ​ $ 1,139,378 ​ The following table sets forth the balance of certificates of deposit as of December 31, 2022 maturing in the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CERTIFICATES OF YEAR: DEPOSIT ​ (IN THOUSANDS) ​ 2023 ​ $ 166,109 ​ 2024 ​ 79,097 ​ 2025 ​ 14,550 ​ 2026 ​ 7,566 ​ 2027 ​ 7,044 ​ 2028 and after ​ 11,638 ​ Total ​ $ 286,004 ​ ​ The aggregate amount of certificates of deposit that exceed the FDIC insurance limit of $250,000 at December 31, 2022 and 2021 are $74.0 million and $66.7 million, respectively. The amount of related party deposits totaled $3,135,000 and $3,499,000 at December 31, 2022 and 2021, respectively

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2022
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	12. SHORT-TERM BORROWINGS Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ FEDERAL ​ ​ ​ ​ FUNDS ​ SHORT-TERM ​ PURCHASED BORROWINGS ​ ​ (IN THOUSANDS, EXCEPT RATES) Balance ​ $ — ​ $ 88,641 ​ Maximum balance at any month end ​ — ​ 88,641 ​ Average balance during year ​ 113 ​ 9,155 ​ Average rate paid for the year ​ 3.11 % 3.93 % Interest rate on year-end balance ​ — ​ 4.45 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ FEDERAL ​ ​ ​ ​ FUNDS ​ SHORT-TERM ​ PURCHASED BORROWINGS ​ ​ (IN THOUSANDS, EXCEPT RATES) Balance ​ $ — ​ $ — ​ Maximum balance at any month end ​ — ​ 4,077 ​ Average balance during year ​ — ​ 389 ​ Average rate paid for the year ​ — % 0.37 % Interest rate on year-end balance ​ — ​ 0.28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2020 ​ FEDERAL ​ ​ ​ FUNDS ​ SHORT-TERM ​ PURCHASED BORROWINGS ​ ​ (IN THOUSANDS, EXCEPT RATES) Balance ​ $ — ​ $ 24,702 ​ Maximum balance at any month end ​ 2,000 ​ 41,632 ​ Average balance during year ​ 18 ​ 4,929 ​ Average rate paid for the year ​ 0.87 % 0.58 % Interest rate on year-end balance ​ — ​ 0.41 ​ ​ Average amounts outstanding during the year represent daily averages. Average interest rates represent interest expense divided by the related average balances. These borrowing transactions have an average maturity of overnight.

ADVANCES FROM FEDERAL HOME LOAN

ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT	12 Months Ended
	Dec. 31, 2022
ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT
ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT	13. ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT Advances from the Federal Home Loan Bank (FHLB) consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ WEIGHTED ​ ​ ​ ​ AVERAGE YIELD BALANCE MATURING ​ (IN THOUSANDS, EXCEPT RATES) 2023 1.59 % $ 15,568 2024 1.19 ​ 4,197 Total advances from FHLB 1.50 ​ $ 19,765 ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ WEIGHTED ​ ​ ​ ​ AVERAGE YIELD BALANCE MATURING ​ (IN THOUSANDS, EXCEPT RATES) 2022 1.88 % $ 22,888 2023 1.59 ​ 15,568 2024 1.19 ​ 4,197 Total advances from FHLB 1.71 ​ $ 42,653 ​ The Company’s subsidiary Bank is a member of the FHLB which provides this subsidiary with the opportunity to obtain short to longer-term advances based upon the Company’s investment in assets secured by one- to four-family residential real estate and certain types of commercial and commercial real estate loans. The rate on open repo plus advances, which are typically overnight borrowings, 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. At December 31, 2022, the Company had immediately available $302 million of overnight borrowing capability at the FHLB, $41 million of short-term borrowing availability at the Federal Reserve Bank and $35 million of unsecured federal funds lines with correspondent banks. Subordinated Debt: On August 26, 2021, the Company completed a private placement of $27 million in fixed-to-floating rate subordinated notes to certain accredited investors. The notes mature September 1, 2031 and are non-callable for five years. The notes have a fixed annual interest rate of 3.75%, payable until September 1, 2026. From and including September 1, 2026, the interest rate will reset quarterly to the then-current three-month Secured Overnight Financing Rate (SOFR) plus 3.11%. The subordinated debt was structured to qualify as tier 2 capital under the Federal Reserve’s capital guidelines. ​ The Company used approximately $20 million of the net proceeds to retire its existing subordinated debt and guaranteed junior subordinated deferrable interest debentures (trust preferred securities) on September 30, 2021. Specifically, the Company retired $12 million of 8.45% trust preferred securities which had been issued on April 28, 1998 and $7.7 million of 6.50% subordinated debt which had been issued on December 29, 2015. The remainder of the proceeds were utilized for general corporate purposes, including the downstream of $3.5 million as capital to the Bank in the third quarter of 2021. The net balance of subordinated debt as of December 31, 2022 and 2021 was $26.6 million.

DISCLOSURES ABOUT FAIR VALUE ME

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2022
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS	14. DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS 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 U.S. 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 and the risk participation agreement associated with a commercial real estate loan 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 liabilities measured and reported on the Consolidated Balance Sheets on a recurring basis at their fair value as of December 31, 2022 and 2021 by level within the fair value hierarchy (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2022 USING ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities (1) ​ $ 502 ​ $ 502 ​ $ — ​ $ — Available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Agency ​ 10,533 ​ — ​ 10,533 ​ — U.S. Agency mortgage-backed securities ​ ​ 89,985 ​ ​ — ​ ​ 89,985 ​ ​ — Municipal ​ 19,038 ​ — ​ 19,038 ​ — Corporate bonds ​ 59,952 ​ — ​ 59,952 ​ — Interest rate swap asset (1) ​ 6,992 ​ — ​ 6,992 ​ — Interest rate swap liability (2) ​ (6,872) ​ — ​ (6,872) ​ — Risk participation agreement (2) ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2021 USING ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities (1) ​ $ 526 ​ $ 526 ​ $ — ​ $ — Available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Agency ​ 7,387 ​ — ​ 7,387 ​ — U.S. Agency mortgage-backed securities ​ ​ 80,167 ​ ​ — ​ ​ 80,167 ​ ​ — Municipal ​ 20,892 ​ — ​ 20,892 ​ — Corporate bonds ​ 54,725 ​ — ​ 54,725 ​ — Interest rate swap asset (1) ​ 1,226 ​ — ​ 1,226 ​ — Interest rate swap liability (2) ​ (1,226) ​ — ​ (1,226) ​ — Risk participation agreement (2) ​ — ​ — ​ — ​ — (1) Included within other assets on the Consolidated Balance Sheets. (2) Included within other liabilities on the Consolidated Balance Sheets. 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 December 31, 2022, impaired loans evaluated using the collateral method with a carrying value of $1.6 million were reduced by a specific valuation allowance totaling $3,000 resulting in a net fair value of $1.6 million. At December 31, 2021, impaired loans evaluated using the collateral method with a carrying value of $5,000 were reduced by a specific valuation allowance totaling $5,000 resulting in a net fair value of zero. Other real estate owned is measured at fair value based on appraisals, less estimated costs to sell at the date of foreclosure. The Bank’s internal Collections and Assigned Risk Department estimates the fair value of repossessed assets, such as vehicles and equipment, using a formula driven analysis based on automobile or other industry data, less estimated costs to sell at the time of repossession. 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 and repossessed assets. Assets measured and recorded at fair value on a non-recurring basis are summarized below (in thousands, except range data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2022 USING ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans ​ $ 1,583 ​ $ — ​ $ — ​ $ 1,583 Other real estate owned and repossessed assets ​ 39 ​ — ​ — ​ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2021 USING ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information About Level 3 Fair Value Measurements ​ ​ ​ ​ Valuation ​ Unobservable ​ ​ ​ December 31, 2022 Fair Value Techniques Input Range (Wgtd Avg) Impaired loans ​ $ 1,583 Appraisal of Appraisal 0% to 100% (0.2%) ​ ​ ​ ​ ​ ​ collateral (1) ​ adjustments (2) ​ ​ ​ Other real estate owned and repossessed assets ​ 39 Appraisal of Appraisal 52% (52%) ​ ​ ​ collateral (1) adjustments (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ Liquidation ​ 10% to 39% (11%) ​ ​ ​ ​ ​ ​ ​ ​ expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information About Level 3 Fair Value Measurements ​ ​ ​ ​ Valuation ​ Unobservable ​ ​ ​ December 31, 2021 Fair Value Techniques Input Range (Wgtd Avg) Impaired loans $ — Appraisal of Appraisal 100% (100%) ​ ​ ​ collateral (1) adjustments (2) ​ ​ (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.

DISCLOSURES ABOUT FAIR VALUE OF

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	15. DISCLOSURES ABOUT 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, deposits with no stated maturities, 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 December 31, 2022 and 2021, for the remaining financial instruments not required to be reported at fair value were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ ​ Fair Value ​ ​ (Level 1) ​ ​ (Level 2) ​ ​ (Level 3) ​ ​ ​ (IN THOUSANDS) FINANCIAL ASSETS: ​ ​ ​ ​ ​ Investment securities – HTM ​ $ 61,878 ​ $ 55,192 ​ $ — ​ $ 52,323 ​ $ 2,869 Loans held for sale ​ 59 ​ ​ 57 ​ ​ 57 ​ — ​ — Loans, net of allowance for loan loss and unearned income ​ 980,023 ​ ​ 938,188 ​ ​ — ​ — ​ 938,188 FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ Deposits with stated maturities ​ ​ 286,004 ​ ​ 281,297 ​ ​ — ​ ​ — ​ ​ 281,297 All other borrowings (1) ​ 46,409 ​ 44,759 ​ — ​ — ​ 44,759 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ Fair Value ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ ​ (IN THOUSANDS) FINANCIAL ASSETS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities – HTM ​ $ 53,751 ​ $ 55,516 ​ $ — ​ $ 52,523 ​ $ 2,993 Loans held for sale ​ 983 ​ ​ 1,022 ​ ​ 1,022 ​ — ​ — Loans, net of allowance for loan loss and unearned income ​ 972,656 ​ ​ 969,681 ​ ​ — ​ — ​ 969,681 FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ Deposits with stated maturities ​ ​ 292,325 ​ ​ 294,280 ​ ​ — ​ ​ — ​ ​ 294,280 All other borrowings (1) ​ 69,256 ​ 69,506 ​ — ​ — ​ 69,506 (1) All other borrowings include advances from Federal Home Loan Bank 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
INCOME TAXES
INCOME TAXES	16. INCOME TAXES The expense for income taxes is summarized below and includes both federal and applicable state corporate income taxes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) Current ​ $ 1,220 ​ $ 973 ​ $ (400) Deferred ​ 533 ​ 729 ​ 1,614 Income tax expense ​ $ 1,753 ​ $ 1,702 ​ $ 1,214 ​ The reconciliation between the federal statutory tax rate and the Company’s effective consolidated income tax rate is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2022 ​ 2021 ​ 2020 ​ AMOUNT RATE AMOUNT RATE AMOUNT RATE ​ ​ (IN THOUSANDS, EXCEPT PERCENTAGES) Income tax expense based on federal statutory rate ​ $ 1,932 21.0 % $ 1,843 21.0 % $ 1,221 21.0 % Tax exempt income ​ (244) (2.6) ​ (253) (2.9) ​ (188) (3.2) ​ Other ​ 65 0.7 ​ 112 1.3 ​ 181 3.1 ​ Total expense for income taxes ​ $ 1,753 19.1 % $ 1,702 19.4 % $ 1,214 20.9 % ​ The following table highlights the major components comprising the deferred tax assets and liabilities for each of the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) DEFERRED TAX ASSETS: ​ ​ ​ ​ Allowance for loan losses ​ $ 2,256 ​ $ 2,604 Unfunded commitment reserve ​ 157 ​ 208 Unrealized investment security losses ​ 3,971 ​ — Premises and equipment ​ 955 ​ 743 Lease liabilities ​ ​ 698 ​ ​ 752 Other ​ 185 ​ 175 Total tax assets ​ 8,222 ​ 4,482 DEFERRED TAX LIABILITIES: ​ ​ ​ ​ Investment accretion ​ (107) ​ (51) Unrealized investment security gains ​ ​ — ​ ​ (369) Lease right-of-use assets ​ ​ (639) ​ ​ (704) Accrued pension obligation ​ ​ (4,494) ​ ​ (4,098) Other ​ (193) ​ (194) Total tax liabilities ​ (5,433) ​ (5,416) Net deferred tax asset (liability) ​ $ 2,789 ​ $ (934) ​ At December 31, 2022 and 2021, the Company had no valuation allowance established against its deferred tax assets as we believe the Company will generate sufficient future taxable income to fully utilize these assets. The Company utilizes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company has no tax liability for uncertain tax positions. The Company’s federal and state income tax returns for taxable years through 2018 have been closed for purposes of examination by the Internal Revenue Service and the Pennsylvania Department of Revenue.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2022
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	17. EMPLOYEE BENEFIT PLANS PENSION PLAN: The Company has a noncontributory defined benefit pension plan covering certain employees who work at least 1,000 hours per year. The participants shall have a vested interest in their accrued benefit after five PENSION BENEFITS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) CHANGE IN BENEFIT OBLIGATION: ​ ​ Benefit obligation at beginning of year ​ $ 50,287 ​ $ 54,861 Service cost ​ 1,419 ​ ​ 1,708 Interest cost ​ 1,462 ​ ​ 894 Actuarial (gain) loss ​ (9,787) ​ ​ 273 Settlements ​ (7,541) ​ ​ (6,516) Benefits paid ​ (934) ​ ​ (933) Benefit obligation at end of year ​ 34,906 ​ ​ 50,287 CHANGE IN PLAN ASSETS: ​ ​ Fair value of plan assets at beginning of year ​ 70,432 ​ ​ 58,447 Actual return on plan assets ​ (9,700) ​ ​ 11,434 Employer contributions ​ 4,000 ​ ​ 8,000 Settlements ​ (7,541) ​ ​ (6,516) Benefits paid ​ (934) ​ ​ (933) Fair value of plan assets at end of year ​ 56,257 ​ ​ 70,432 Funded status of the plan ​ $ 21,351 ​ $ 20,145 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) AMOUNTS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST: ​ ​ ​ Amounts recognized in accumulated other comprehensive loss consists of: ​ ​ ​ Net actuarial loss ​ $ 9,597 ​ $ 9,319 Total ​ $ 9,597 ​ $ 9,319 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) ACCUMULATED BENEFIT OBLIGATION: ​ ​ Accumulated benefit obligation ​ $ 32,190 ​ $ 46,319 ​ The weighted-average assumptions used to determine benefit obligations at December 31, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 WEIGHTED AVERAGE ASSUMPTIONS: ​ Discount rate 5.45 % 2.80 % Salary scale ​ ​ ​ ​ ​ Ages 30-34 ​ 5.00 ​ 2.50 ​ Ages 35-44 ​ 4.00 ​ 2.50 ​ Ages 45-54 ​ 3.00 ​ 2.50 ​ Ages 55+ 2.50 2.50 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 ​ 2021 2020 ​ ​ ​ (IN THOUSANDS) COMPONENTS OF NET PERIODIC BENEFIT COST: ​ ​ ​ ​ ​ Service cost ​ $ 1,419 ​ ​ $ 1,708 ​ $ 1,676 Interest cost ​ 1,462 ​ ​ 894 ​ 1,281 Expected return on plan assets ​ (4,193) ​ ​ (4,008) ​ (3,241) Amortization of net loss ​ 1,330 ​ ​ 2,421 ​ 2,453 Settlement charge ​ 2,498 ​ ​ 1,736 ​ — Net periodic pension cost ​ $ 2,516 ​ ​ $ 2,751 ​ $ 2,169 ​ 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 on the Consolidated Statements of Operations. ​ The Company recognized a settlement charge in connection with its defined benefit pension plan of $2.5 million and $1.7 million in 2022 and 2021, respectively. A settlement charge must be recognized when the total dollar amount of lump sum distributions paid from the pension plan to retired employees exceeds a threshold of expected annual service and interest costs in the current year. The value of the lump sums continued to be elevated this year due to the lower interest rate levels late in 2021 when the lump sums were calculated. It is important to note that since the retired employees have chosen to take the lump sum payments, these individuals are no longer included in the pension plan. Therefore, we anticipate that the Company’s normal annual pension expense should be lower in the future. This was evident in 2022 as the basic amount of pension expense required to be recognized, excluding the impact of settlement charges, was $997,000, or 98.2%, lower for the full year of 2022 compared to basic pension expense for the full year of 2021. ​ Note that pension settlement charges are dependent upon the level of national interest rates from the previous year and the impact that interest rates have on lump sum distributions to those employees eligible to retire. Pension settlement charges are also dependent upon the choice of retiring employees to either take a lump sum distribution or receive future monthly annuity payments. ​ The accrued pension liability, which had a positive (debit) balance of $21.3 million and $19.5 million, was reclassified to other assets on the Consolidated Balance Sheets as of December 31, 2022 and 2021, respectively. The balance of the accrued pension liability remained a positive value as a result of the Company’s contributions to the plan during the year and the revaluation of the obligation due to the recognition of the settlement charge. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS ​ ​ ​ ​ Net loss (gain) ​ $ 4,106 ​ $ (7,153) ​ $ 968 Recognized loss ​ (3,828) ​ (4,157) ​ (2,453) Total recognized in other comprehensive loss before tax effect ​ $ 278 ​ $ (11,310) ​ $ (1,485) Total recognized in net benefit cost and other comprehensive loss before tax effect ​ $ 2,794 ​ $ (8,559) ​ $ 684 ​ For the year ended December 31, 2022, actuarial gains in the projected benefit obligation were primarily the result of the increase in discount rate. Other sources of gain/loss such as plan experience, updated census data, and minor adjustments to actuarial assumptions, including updates to the retirement rates, form of payment election, salary scale, lump sum interest rates, and lump sum mortality tables, generated a combined gain of about 19% of expected year end obligations. The weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31, 2022, 2021 and 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 WEIGHTED AVERAGE ASSUMPTIONS: ​ Discount rate 2.81 % 2.48 % 3.20 % Expected return on plan assets 7.00 7.00 7.00 ​ Rate of compensation increase 2.50 2.50 2.50 ​ ​ The Company has assumed a 7.00% long-term expected return on plan assets. This assumption was based upon the plan’s historical investment performance over a longer-term period of 20 years combined with the plan’s investment objective of balanced growth and income. Additionally, this assumption also incorporates a targeted range for equity securities of approximately 0% to 60% of plan assets. PLAN ASSETS: The plan’s measurement date is December 31, 2022. This plan’s asset allocation at December 31, 2022 and 2021, by asset category are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ASSET CATEGORY: ​ Cash and cash equivalents 89.9 % 0.1 % Domestic equities 7.1 12.1 ​ Mutual funds/ETFs — 84.1 ​ International equities — 0.3 ​ Corporate bonds 3.0 3.4 ​ Total 100.0 % 100.0 % ​ The major categories of assets in the Company’s pension plan as of year-end are presented in the following table. Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) Level 1: ​ ​ Cash and cash equivalents ​ $ 50,553 ​ $ 56 Domestic equities ​ 4,026 ​ ​ 8,488 Mutual funds/ETFs ​ — ​ ​ 59,306 International equities ​ — ​ ​ 199 Level 2: ​ ​ ​ ​ ​ Corporate bonds ​ 1,678 ​ ​ 2,383 Total fair value of plan assets ​ $ 56,257 ​ $ 70,432 ​ Cash and cash equivalents may include uninvested cash balances along with money market mutual funds, treasury bills, or other assets normally categorized as cash equivalents. Domestic equities may include common or preferred stocks, covered options, rights or warrants, or American Depository Receipts which are traded on any U.S. equity market. Mutual funds/ETFs may include any equity, fixed income, balanced, international, or global mutual fund or exchange traded fund including any propriety fund managed by the Trust Company. Agencies may include any U.S. government agency security or asset-backed security. Collective investment funds may include equity, fixed income, or balanced collective investment funds managed by West Chester Capital Advisors. Corporate bonds may include any corporate bond or note. The investment strategy objective for the pension plan is a balance of growth and income. This objective seeks to develop a portfolio for acceptable levels of current income together with the opportunity for capital appreciation. The balanced growth and income objective reflects an equal balance between equity and fixed income investments such as debt securities. The allocation between equity and fixed income assets may vary by a moderate degree during normal market cycles. The pension plan’s allocation to equities is 0% to 60% while the allocation to fixed income can fall within the range of 0% to 100% of the plan assets. In addition, cash equivalents can range from 0% to 100% of the plan assets. The plan is also able to invest in ASRV common stock up to a maximum level of CASH FLOWS: The Company presently expects that the contribution to be made to the plan in 2023 will approximate $2.0 million. Funding requirements for subsequent years are uncertain and will significantly depend on whether the plan’s actuary changes any assumptions used to calculate plan funding levels, the actual return on plan assets, changes in the employee groups covered by the plan, and any legislative or regulatory changes affecting plan funding requirements. For tax planning, financial planning, cash flow management or cost reduction purposes the Company may increase, accelerate, decrease or delay contributions to the plan to the extent permitted by law. ESTIMATED FUTURE BENEFIT PAYMENTS: The following benefit payments, which reflect future service, as appropriate, are expected to be paid. ​ ​ ​ ​ ​ ​ ESTIMATED FUTURE YEAR: ​ BENEFIT PAYMENTS ​ ​ (IN THOUSANDS) 2023 ​ $ 3,422 2024 ​ 4,177 2025 ​ 3,934 2026 ​ 4,059 2027 ​ 3,534 Years 2028-2032 ​ 12,780 ​ 401(k) PLAN: The Company maintains a qualified 401(k) plan that allows for participation by Company employees. Under the plan, employees may elect to make voluntary contributions to their accounts which the Company will match one half on the first 2% of contribution up to a maximum of 1%. The Company also contributes 4% of salaries for union members who are in the plan. These contribution percentages apply to employees who are eligible to participate in our defined benefit pension plan. Effective January 1, 2013, any new non-union employees receive a 4% non-elective contribution and these employees may elect to make voluntary contributions to their accounts which the Company will match one half on the first 6% of contribution up to a maximum of 3%. Effective January 1, 2014, any new union employees receive a 4% non-elective contribution and these employees may elect to make voluntary contributions to their accounts which the Company will match dollar for dollar up to a maximum of 4%. Contributions by the Company charged to operations were $808,000, $704,000 and $653,000 for the years ended December 31, 2022, 2021 and 2020, respectively. The fair value of plan assets includes $425,000 pertaining to the value of the Company’s common stock that was held by the plan at December 31, 2022. DEFERRED COMPENSATION PLAN: The Company maintains a nonqualified deferred compensation plan in which a select group of executives are permitted to participate. An eligible executive can defer a certain percentage of their current salary to be placed into the plan. The Company has established a rabbi trust to provide funding for the benefits payable under our deferred compensation plan. As of December 31, 2022 and 2021, the Company reported a deferred compensation liability of Except for the above described benefit plans, the Company has no significant additional exposure for any other post-retirement or post-employment benefits.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	18. COMMITMENTS AND CONTINGENT LIABILITIES The Company incurs off-balance sheet risks in the normal course of business in order to meet the financing needs of its customers. These risks derive from commitments to extend credit and standby letters of credit. Such commitments and standby letters of credit involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated financial statements. Commitments to extend credit are obligations to lend to a customer as long as there is no violation of any condition established in the loan agreement. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. Collateral which secures these types of commitments is the same as for other types of secured lending such as accounts receivable, inventory, fixed assets, and real estate. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including normal business activities, bond financings, and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Letters of credit are issued both on an unsecured and secured basis. Collateral securing these types of transactions is similar to collateral securing the Company’s commercial loans. 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 Company uses the same credit and collateral policies in making commitments and conditional obligations as for all other lending. At December 31, 2022, the Company had various outstanding commitments to extend credit approximating $227.6 million and standby letters of credit of $9.0 million, compared to commitments to extend credit of $216.6 million and standby letters of credit of $13.1 million at December 31, 2021. Standby letters of credit had terms ranging from one Pursuant to its bylaws, the Company provides indemnification to its directors and officers against certain liabilities incurred as a result of their service on behalf of the Company. In connection with this indemnification obligation, the Company can advance on behalf of covered individuals costs incurred in defending against certain claims. 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.

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2022
STOCK COMPENSATION PLANS
STOCK COMPENSATION PLANS	19. STOCK COMPENSATION PLANS The Company uses the modified prospective method for accounting for stock-based compensation and recognized $50,000 of compensation expense for the year 2022, $43,000 in 2021 and $3,000 in 2020. During 2021, the Company’s Board adopted, and its shareholders approved, the AmeriServ Financial, Inc. 2021 Equity Incentive Plan (the Plan) authorizing the grant of options or restricted stock covering 600,000 shares of common stock. This Plan replaced the expired 2011 Stock Incentive Plan. Under the Plan, options or restricted stock can be granted (the Grant Date) to directors, officers, and employees that provide services to the Company and its affiliates, as selected by the compensation committee of the Board. The option price at which a granted stock option may be exercised will not be less than 100% of the fair market value per share of common stock on the Grant Date. The maximum term of any option granted under the Plan cannot exceed 10 years. Generally, options vest over a three-year period and become exercisable in equal installments over the vesting period. At times, options with a one year vesting period may also be issued. A summary of the status of the Company’s Equity Incentive Plan at December 31, 2022, 2021, and 2020, and changes during the years then ended is presented in the table and narrative following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2022 ​ 2021 ​ 2020 ​ ​ WEIGHTED ​ WEIGHTED ​ WEIGHTED ​ ​ ​ ​ AVERAGE ​ ​ ​ AVERAGE ​ ​ ​ AVERAGE ​ ​ SHARES ​ EXERCISE PRICE ​ SHARES ​ EXERCISE PRICE ​ SHARES ​ EXERCISE PRICE Outstanding at beginning of year ​ 369,047 ​ $ 3.47 ​ 230,913 ​ $ 3.14 ​ 296,648 ​ $ 3.02 Granted — ​ ​ — ​ 160,000 ​ ​ 3.84 — ​ ​ — Exercised (36,117) ​ ​ 2.96 ​ (21,356) ​ ​ 2.68 (38,235) ​ ​ 2.06 Forfeited (9,144) ​ ​ 3.62 ​ (510) ​ ​ 3.23 (27,500) ​ ​ 3.30 Outstanding at end of year 323,786 ​ ​ 3.52 ​ 369,047 ​ ​ 3.47 230,913 ​ ​ 3.14 Exercisable at end of year 223,784 ​ ​ 3.38 ​ 206,713 ​ ​ 3.18 224,580 ​ ​ 3.11 Weighted average fair value of options granted in current year ​ $ — ​ ​ $ 1.78 ​ $ — ​ A total of 223,784 of the 323,786 options outstanding at December 31, 2022, are exercisable and have exercise prices between $2.96 and $4.22, with a weighted average exercise price of $3.38 and a weighted average remaining contractual life of 3.51 years. The remaining 100,002 options that are not yet exercisable have exercise prices between $3.83 and $3.84, with a weighted average exercise price of $3.84 and a weighted average remaining contractual life of 8.13 years. The fair value of each option grant is estimated on the date of grant using the Binomial or Black-Scholes option pricing model with the following assumptions used for grants in 2021. No stock options were granted during 2022 and 2020. ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ PRICING MODEL ASSUMPTION RANGES 2021 Risk-free interest rate 1.27 - 1.42 % Expected lives in years 10 Expected volatility 40.38 - 45.03 % Expected dividend rate 2.60 - 2.61 % ​ The intrinsic value of stock options exercised was $47,000, $27,000, and $56,000 in 2022, 2021, and 2020, respectively.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2022
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	20. ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the periods ending December 31, 2022, 2021, and 2020 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDING DECEMBER 31, 2022 ​ YEAR ENDED DECEMBER 31, 2021 ​ YEAR ENDING DECEMBER 31, 2020 ​ Net ​ ​ ​ ​ Net ​ ​ ​ ​ Net ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ ​ AFS (1) ​ Items (1) ​ Total (1) ​ AFS (1) ​ Items (1) ​ Total (1) ​ AFS (1) ​ Items (1) ​ Total (1) Beginning balance ​ $ 1,386 ​ $ (7,898) ​ $ (6,512) ​ $ 3,539 ​ $ (16,737) ​ $ (13,198) ​ $ 1,715 ​ $ (17,886) ​ $ (16,171) Other comprehensive income (loss) before reclassifications ​ (16,324) ​ (2,708) ​ (19,032) ​ (2,087) ​ 5,555 ​ 3,468 ​ 1,824 ​ (789) ​ 1,035 Amounts reclassified from accumulated other comprehensive loss ​ — ​ 3,024 ​ 3,024 ​ (66) ​ 3,284 ​ 3,218 ​ — ​ 1,938 ​ 1,938 Net current period other comprehensive income (loss) ​ (16,324) ​ 316 ​ (16,008) ​ (2,153) ​ 8,839 ​ 6,686 ​ 1,824 ​ 1,149 ​ 2,973 Ending balance ​ $ (14,938) ​ $ (7,582) ​ $ (22,520) ​ $ 1,386 ​ $ (7,898) ​ $ (6,512) ​ $ 3,539 ​ $ (16,737) ​ $ (13,198) (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 periods ending December 31, 2022, 2021, and 2020 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount reclassified from accumulated ​ ​ ​ ​ other comprehensive loss (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Details about accumulated other ​ YEAR ENDING ​ YEAR ENDING ​ YEAR ENDING ​ Affected line item in the comprehensive loss components DECEMBER 31, 2022 DECEMBER 31, 2021 DECEMBER 31, 2020 statement of operations Realized gains on sale of securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ $ (84) ​ $ — ​ Net realized gains on investment securities ​ ​ ​ — ​ ​ 18 ​ ​ — ​ Provision for income taxes ​ ​ $ — ​ $ (66) ​ $ — ​ Amortization of estimated defined benefit pension plan loss (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,828 ​ $ 4,157 ​ $ 2,453 Other expense ​ ​ (804) ​ (873) ​ (515) Provision for income taxes ​ ​ $ 3,024 ​ $ 3,284 ​ $ 1,938 ​ Total reclassifications for the period ​ $ 3,024 ​ $ 3,218 ​ $ 1,938 ​ (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 17 for additional details) .

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
INTANGIBLE ASSETS
INTANGIBLE ASSETS	21. INTANGIBLE ASSETS The Company’s Consolidated Balance Sheets show both tangible assets (such as loans, buildings, and investments) and intangible assets (such as goodwill and core deposit intangible). Goodwill has an indefinite life and is not amortized. Instead such intangible is evaluated for impairment at the reporting unit level at least annually, or more frequently if indicators of impairment are present. Any resulting impairment would be reflected as a non-interest expense. Based on this analysis, no impairment was recorded in 2022 or 2021. Of the Company’s goodwill of $13.6 million, $11.2 million is allocated to the community banking segment and $2.4 million relates to the WCCA acquisition which is included in the wealth management segment. The balance of the Company’s goodwill at December 31, 2022 and 2021 was $13.6 million. During 2021, the Company recorded $1.7 million of goodwill as a result of the Riverview Bank branch acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2022 ​ 2021 ​ (IN THOUSANDS) ​ GOODWILL ​ ​ ​ ​ ​ ​ Balance at beginning of year $ 13,611 ​ $ 11,944 ​ Goodwill acquired — ​ ​ 1,667 ​ Balance at end of year $ 13,611 ​ $ 13,611 ​ ​ Other identifiable intangible assets, such as core deposit intangible, are assigned useful lives, which are amortized on an accelerated basis over their useful lives. Such lives are also periodically reassessed to determine if any amortization period adjustments are required. During the years ended December 31, 2022 and 2021, no such adjustments were recorded. During 2021, the Company recorded a core deposit intangible of $177,000 as a result of the Riverview Bank branch acquisition. As of December 31, 2022 and 2021, accumulated amortization on the core deposit intangible totaled ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2022 ​ 2021 ​ (IN THOUSANDS) ​ CORE DEPOSIT INTANGIBLE ​ ​ ​ ​ ​ ​ Balance at beginning of year $ 158 ​ $ — ​ Core deposit intangible acquired ​ — ​ ​ 177 ​ Amortization (30) ​ ​ (19) ​ Balance at end of year $ 128 ​ $ 158 ​ ​ As of December 31, 2022, the estimated future amortization expense for the core deposit intangible associated with the Riverview branch acquisition is as follows (in thousands): ​ ​ ​ ​ 2023 $ 27 2024 ​ 24 2025 21 2026 17 2027 14 After five years ​ 25 ​ $ 128 ​

DERIVATIVE HEDGING INSTRUMENTS

DERIVATIVE HEDGING INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
DERIVATIVE HEDGING INSTRUMENTS
DERIVATIVE HEDGING INSTRUMENTS	22. 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. Interest Rate Swap Agreements 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 this large financial institution. 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 the large financial institution 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. For the years ended December 31, 2022 and 2021, the Company received $8,000 and $191,000, respectively, in fees on the interest rate swap transactions, which are recognized as revenue when received. 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 14. The following table summarizes the interest rate swap transactions that impacted the Company’s 2022 and 2021 performance (in thousands, except percentages). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ INCREASE ​ ​ ​ ​ AGGREGATE ​ WEIGHTED ​ ​ ​ (DECREASE) ​ ​ ​ ​ NOTIONAL ​ AVERAGE RATE ​ REPRICING ​ IN INTEREST ​ ​ HEDGE TYPE ​ AMOUNT ​ RECEIVED/(PAID) ​ FREQUENCY ​ EXPENSE Swap assets N/A $ 65,431 4.23 % Monthly $ 21 Swap liabilities N/A ​ (65,431) (4.23) Monthly ​ (21) Net exposure ​ ​ — — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ INCREASE ​ ​ ​ ​ AGGREGATE ​ WEIGHTED ​ ​ ​ (DECREASE) ​ ​ ​ ​ NOTIONAL ​ AVERAGE RATE ​ REPRICING ​ IN INTEREST ​ ​ HEDGE TYPE ​ AMOUNT ​ RECEIVED/(PAID) ​ FREQUENCY ​ EXPENSE Swap assets N/A $ 67,280 2.59 % Monthly $ (857) Swap liabilities N/A ​ (67,280) (2.59) Monthly ​ 857 Net exposure ​ ​ — — ​ — ​ Risk Participation Agreement ​ The Company entered into a risk participation agreement (RPA) with the lead bank of a commercial real estate loan arrangement. As a participating bank, the Company guarantees the performance on a borrower-related interest rate swap contract. The Company has no obligations under the RPA unless the borrower defaults on their swap transaction with the lead bank and the swap is a liability to the borrower. In that instance, the Company has agreed to pay the lead bank a pre-determined percentage of the swap’s value at the time of default. In exchange for providing the guarantee, the Company received an upfront fee from the lead bank. ​ RPAs are derivative financial instruments and are recorded at fair value. These derivatives are not designated as hedges and therefore, changes in fair value are recognized in earnings with a corresponding offset within other liabilities. Disclosures related to the fair value of the RPA can be found in Note 14. The notional amount of the risk participation agreement outstanding at December 31, 2022 and 2021 was $2.1 million and $2.5 million, respectively. ​ 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 December 31, 2022 and 2021. None of the Company’s derivatives are designated as hedging instruments.

SEGMENT RESULTS

SEGMENT RESULTS	12 Months Ended
	Dec. 31, 2022
SEGMENT RESULTS
SEGMENT RESULTS	23. 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 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2022 ​ ​ COMMUNITY ​ WEALTH ​ INVESTMENT/ ​ ​ ​ ​ ​ BANKING ​ MANAGEMENT ​ PARENT ​ TOTAL ​ ​ (IN THOUSANDS) Net interest income (expense) $ 46,135 $ 65 $ (5,637) $ 40,563 Provision for loan loss ​ 50 ​ — ​ — ​ 50 Non-interest income (loss) ​ 5,174 ​ 11,620 ​ (102) ​ 16,692 Non-interest expense ​ 36,216 ​ 8,834 ​ 2,954 ​ 48,004 Income (loss) before income taxes ​ 15,043 ​ 2,851 ​ (8,693) ​ 9,201 Income tax expense (benefit) ​ 2,638 ​ 688 ​ (1,573) ​ 1,753 Net income (loss) ​ $ 12,405 ​ $ 2,163 ​ $ (7,120) ​ $ 7,448 Total assets ​ $ 1,114,923 ​ $ 10,867 ​ $ 238,084 ​ $ 1,363,874 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2021 ​ ​ COMMUNITY ​ WEALTH ​ INVESTMENT/ ​ ​ ​ ​ ​ BANKING ​ MANAGEMENT ​ PARENT ​ TOTAL ​ ​ (IN THOUSANDS) Net interest income (expense) $ 45,934 $ 72 $ (6,923) $ 39,083 Provision for loan loss ​ 1,100 ​ — ​ — ​ 1,100 Non-interest income ​ 5,649 ​ 11,986 ​ 126 ​ 17,761 Non-interest expense ​ 35,636 ​ 8,349 ​ 2,985 ​ 46,970 Income (loss) before income taxes ​ 14,847 ​ 3,709 ​ (9,782) ​ 8,774 Income tax expense (benefit) ​ 2,797 ​ 841 ​ (1,936) ​ 1,702 Net income (loss) ​ $ 12,050 ​ $ 2,868 ​ $ (7,846) ​ $ 7,072 Total assets ​ $ 1,111,856 ​ $ 10,822 ​ $ 212,882 ​ $ 1,335,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2020 ​ ​ COMMUNITY ​ WEALTH ​ INVESTMENT/ ​ ​ ​ ​ ​ BANKING ​ MANAGEMENT ​ PARENT ​ TOTAL ​ ​ (IN THOUSANDS) Net interest income (expense) $ 42,862 $ 55 $ (6,550) $ 36,367 Provision for loan loss ​ 2,375 ​ — ​ — ​ 2,375 Non-interest income ​ 6,022 ​ 10,212 ​ 41 ​ 16,275 Non-interest expense ​ 34,136 ​ 7,683 ​ 2,636 ​ 44,455 Income (loss) before income taxes ​ 12,373 ​ 2,584 ​ (9,145) ​ 5,812 Income tax expense (benefit) ​ 2,303 ​ 598 ​ (1,687) ​ 1,214 Net income (loss) ​ $ 10,070 ​ $ 1,986 ​ $ (7,458) ​ $ 4,598 Total assets ​ $ 1,086,653 ​ $ 10,471 ​ $ 185,609 ​ $ 1,282,733 ​

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2022
REGULATORY CAPITAL
REGULATORY CAPITAL	24. 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 December 31, 2022 and 2021 , the Company 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 Company must maintain minimum total capital, common equity tier 1 capital, tier 1 capital, and tier 1 leverage ratios as set forth in the table. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ $ 153,092 13.87 % $ 136,767 12.44 % 8.00 % 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) ​ 114,959 10.41 ​ 125,278 11.39 4.50 6.50 ​ Tier 1 Capital (To Risk Weighted Assets) ​ 114,959 10.41 ​ 125,278 11.39 6.00 8.00 ​ Tier 1 Capital (To Average Assets) ​ 114,959 8.52 ​ 125,278 9.39 4.00 5.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ $ 149,177 14.04 % $ 133,881 12.66 % 8.00 % 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) ​ 109,292 10.29 ​ 120,656 11.41 4.50 6.50 ​ Tier 1 Capital (To Risk Weighted Assets) ​ 109,292 10.29 ​ 120,656 11.41 6.00 8.00 ​ Tier 1 Capital (To Average Assets) ​ 109,292 8.17 ​ 120,656 9.12 4.00 5.00 ​ * Applies to the Bank only.

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2022
PARENT COMPANY FINANCIAL INFORMATION
PARENT COMPANY FINANCIAL INFORMATION	25. PARENT COMPANY FINANCIAL INFORMATION The parent company functions primarily as a coordinating and servicing unit for all subsidiary entities. Provided services include general management, accounting and taxes, loan review, internal auditing, investment advisory, marketing, insurance, risk management, general corporate services, and financial and strategic planning. The following financial information relates only to the parent company operations: BALANCE SHEETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) ASSETS ​ ​ Cash ​ $ 100 ​ $ 100 Short-term investments ​ 3,178 ​ 5,533 Cash and cash equivalents ​ ​ 3,278 ​ ​ 5,633 Investment securities available for sale ​ 6,334 ​ 3,692 Equity investment in banking subsidiary ​ 117,432 ​ 127,874 Equity investment in non-banking subsidiaries ​ 6,533 ​ 6,707 Other assets ​ 1,008 ​ 866 TOTAL ASSETS ​ $ 134,585 ​ $ 144,772 LIABILITIES ​ ​ Subordinated debt ​ $ 26,644 ​ $ 26,603 Other liabilities ​ 1,763 ​ 1,620 TOTAL LIABILITIES ​ 28,407 ​ 28,223 STOCKHOLDERS’ EQUITY ​ ​ Total stockholders’ equity ​ 106,178 ​ 116,549 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ​ $ 134,585 ​ $ 144,772 ​ STATEMENTS OF OPERATIONS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) INCOME ​ ​ ​ Inter-entity management and other fees ​ $ 2,566 ​ $ 2,520 ​ $ 2,708 Dividends from banking subsidiary ​ 4,000 ​ 2,000 ​ 2,000 Dividends from non-banking subsidiaries ​ 1,055 ​ 1,550 ​ 1,944 Interest, dividend and other income ​ 146 ​ 115 ​ 106 TOTAL INCOME ​ 7,767 ​ 6,185 ​ 6,758 EXPENSE ​ ​ ​ ​ ​ ​ Interest expense ​ 1,054 ​ 1,798 ​ 1,642 Salaries and employee benefits ​ 2,811 ​ 2,871 ​ 2,667 Other expense ​ 1,948 ​ 1,783 ​ 1,749 TOTAL EXPENSE ​ 5,813 ​ 6,452 ​ 6,058 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES ​ 1,954 ​ (267) ​ 700 Benefit for income taxes ​ (652) ​ (802) ​ (681) Equity in undistributed earnings of subsidiaries ​ 4,842 ​ 6,537 ​ 3,217 NET INCOME ​ $ 7,448 ​ $ 7,072 ​ $ 4,598 COMPREHENSIVE (LOSS) INCOME ​ $ (8,560) ​ $ 13,758 ​ $ 7,571 ​ STATEMENTS OF CASH FLOWS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) OPERATING ACTIVITIES ​ ​ ​ Net income ​ $ 7,448 ​ $ 7,072 ​ $ 4,598 Adjustment to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ Equity in undistributed earnings of subsidiaries ​ (4,842) ​ (6,537) ​ (3,217) Stock compensation expense ​ 50 ​ 43 ​ 3 Other – net ​ 189 ​ 1,204 ​ (133) NET CASH PROVIDED BY OPERATING ACTIVITIES ​ 2,845 ​ 1,782 ​ 1,251 INVESTING ACTIVITIES ​ ​ ​ Purchase of investment securities – available for sale ​ (3,994) ​ (1,008) ​ (1,254) Proceeds from maturity and sales of investment securities – available for sale ​ 655 ​ 991 ​ 1,246 Capital contribution to banking subsidiary ​ — ​ (3,500) ​ — NET CASH USED IN INVESTING ACTIVITIES ​ (3,339) ​ (3,517) ​ (8) FINANCING ACTIVITIES ​ ​ ​ Redemption of guaranteed junior subordinated deferrable interest debentures ​ — ​ (12,018) ​ — Subordinated debt issuance, net ​ — ​ 26,589 ​ — Redemption of subordinated debt ​ — ​ (7,650) ​ — Stock options exercised ​ 106 ​ 57 ​ 78 Purchases of treasury stock ​ — ​ — ​ (151) Common stock dividends paid ​ (1,967) ​ (1,708) ​ (1,716) NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES ​ (1,861) ​ 5,270 ​ (1,789) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS ​ (2,355) ​ 3,535 ​ (546) CASH AND CASH EQUIVALENTS AT JANUARY 1 ​ 5,633 ​ 2,098 ​ 2,644 CASH AND CASH EQUIVALENTS AT DECEMBER 31 ​ $ 3,278 ​ $ 5,633 ​ $ 2,098 ​ The ability of the subsidiary Bank to upstream cash to the parent company is restricted by regulations. Federal law prevents the parent company from borrowing from its subsidiary Bank unless the loans are secured by specified assets. Further, such secured loans are limited in amount to ten percent of the subsidiary Bank’s capital and surplus. In addition, the Bank is subject to legal limitations on the amount of dividends that can be paid to its shareholder. The dividend limitation generally restricts dividend payments to a bank’s retained net income for the current and preceding two calendar years. The subsidiary Bank had a combined $121,974,000 of restricted surplus and retained earnings at December 31, 2022. Cash may also be upstreamed to the parent company by the subsidiaries as an inter-entity management fee.

SELECTED QUARTERLY CONSOLIDATED

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)	12 Months Ended
	Dec. 31, 2022
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)	26. SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited) The following table sets forth certain unaudited quarterly consolidated financial data regarding the Company: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 QUARTER ENDED ​ DEC. 31 SEPT. 30 JUNE 30 MARCH 31 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income ​ $ 13,803 ​ $ 12,700 ​ $ 11,527 ​ $ 11,028 Interest expense ​ 3,660 ​ 2,171 ​ 1,403 ​ 1,261 Net interest income ​ 10,143 ​ 10,529 ​ 10,124 ​ 9,767 Provision (credit) for loan losses ​ 275 ​ 500 ​ (325) ​ (400) Net interest income after provision (credit) for loan losses ​ 9,868 ​ 10,029 ​ 10,449 ​ 10,167 Non-interest income ​ 3,893 ​ 4,326 ​ 4,138 ​ 4,335 Non-interest expense ​ 12,688 ​ 11,727 ​ 12,110 ​ 11,479 Income before income taxes ​ 1,073 ​ 2,628 ​ 2,477 ​ 3,023 Provision for income taxes ​ 126 ​ 526 ​ 496 ​ 605 Net income ​ $ 947 ​ $ 2,102 ​ $ 1,981 ​ $ 2,418 Basic earnings per common share ​ $ 0.06 ​ $ 0.12 ​ $ 0.12 ​ $ 0.14 Diluted earnings per common share ​ 0.06 ​ 0.12 ​ 0.12 ​ 0.14 Cash dividends declared per common share ​ 0.030 ​ 0.030 ​ 0.030 ​ 0.025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 QUARTER ENDED ​ DEC. 31 SEPT. 30 JUNE 30 MARCH 31 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income ​ $ 11,690 ​ $ 11,372 ​ $ 11,838 ​ $ 11,769 Interest expense ​ 1,392 ​ 2,146 ​ 1,971 ​ 2,077 Net interest income ​ 10,298 ​ 9,226 ​ 9,867 ​ 9,692 Provision for loan losses ​ 250 ​ 350 ​ 100 ​ 400 Net interest income after provision for loan losses ​ 10,048 ​ 8,876 ​ 9,767 ​ 9,292 Non-interest income ​ 4,332 ​ 4,416 ​ 4,399 ​ 4,614 Non-interest expense ​ 12,107 ​ 11,520 ​ 12,038 ​ 11,305 Income before income taxes ​ 2,273 ​ 1,772 ​ 2,128 ​ 2,601 Provision for income taxes ​ 421 ​ 341 ​ 420 ​ 520 Net income ​ $ 1,852 ​ $ 1,431 ​ $ 1,708 ​ $ 2,081 Basic earnings per common share ​ $ 0.11 ​ $ 0.08 ​ $ 0.10 ​ $ 0.12 Diluted earnings per common share ​ 0.11 ​ 0.08 ​ 0.10 ​ 0.12 Cash dividends declared per common share ​ 0.025 ​ 0.025 ​ 0.025 ​ 0.025 ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	27. SUBSEQUENT EVENTS Management has evaluated subsequent events through the filing of this Form 10-K, and determined that there have been no events that have occurred that would require adjustments to our disclosures in the consolidated financial statements except for the following: The Company has a $918,000 investment in a debt security with Signature Bank which was closed by the banking regulators on March 12, 2023. In a press release issued by the Federal Deposit Insurance Corporation (FDIC), it was disclosed that unsecured debt holders of the institution will not be protected, therefore, the Company expects to recognize a substantial loss on this investment in the first quarter of 2023. Management has reviewed the December 31, 2022 Form 10-K filed by Signature and determined that no circumstances existed to indicate that the debt security held by the Company was impaired as of year-end. Specifically, as of December 31, 2022, Signature had total assets of On March 17, 2023, AmeriServ Financial Bank agreed to sell all 7,859 shares of the Class B common stock of Visa Inc. that the bank owned for a purchase price of $1.7 million. The shares had no carrying value on the Bank’s balance sheet and, as the Bank had no historical cost basis in the shares, the entire purchase will be realized as a pre-tax gain. The Company believes that this was an appropriate time to capture the gain on these shares due to the current volatility and future uncertainty in the financial markets. The transaction will have a positive impact on the Company's first quarter 2023 earnings.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BUSINESS AND NATURE OF OPERATIONS:	BUSINESS AND NATURE OF OPERATIONS: AmeriServ Financial, Inc. (the Company) is a bank holding company, headquartered in Johnstown, Pennsylvania. Through its banking subsidiary, the Company operates 17 banking locations in five southwestern Pennsylvania counties and Hagerstown, Maryland. These branches provide a full range of consumer, mortgage, and commercial financial products. The AmeriServ Trust and Financial Services Company (the Trust Company) offers a complete range of trust and financial services and administers assets valued at approximately $2.3 billion that are not recognized on the Company’s Consolidated Balance Sheets at December 31, 2022.
PRINCIPLES OF CONSOLIDATION:	PRINCIPLES OF CONSOLIDATION: The consolidated financial statements include the accounts of AmeriServ Financial, Inc. and its wholly-owned subsidiaries, AmeriServ Financial Bank (the Bank), the Trust Company, and AmeriServ Life Insurance Company (AmeriServ Life). The Bank is a Pennsylvania state-chartered full service bank with 16 locations in Pennsylvania and 1 location in Maryland. AmeriServ Life was a captive insurance company that was formally closed on December 31, 2020. 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, intangible assets, income taxes, investment securities, pension, and the fair value of financial instruments.
INVESTMENT SECURITIES:	INVESTMENT SECURITIES: Securities are classified at the time of purchase as investment securities held to maturity if it is management’s intent and the Company has the ability to hold the securities until maturity. These held to maturity securities are carried on the Company’s books at cost, adjusted for amortization of premium and accretion of discount which is computed using the level yield method which approximates the effective interest method. Alternatively, securities are classified as available for sale if it is management’s intent at the time of purchase to hold the securities for an indefinite period of time and/or to use the securities as part of the Company’s asset/liability management strategy. Securities classified as available for sale include securities which may be sold to effectively manage interest rate risk exposure, prepayment risk, and other factors (such as liquidity requirements). These available for sale securities are reported at fair value with unrealized aggregate appreciation/depreciation excluded from income and credited/charged to accumulated other comprehensive income/loss within shareholders’ equity on a net of tax basis. Any securities classified as trading assets are reported at fair value with unrealized aggregate appreciation/depreciation included in income on a net of tax basis. The Company does not engage in trading activity. Realized gains or losses on securities sold are computed upon the adjusted cost of the specific securities sold. Available-for-sale and held-to-maturity securities are reviewed quarterly for possible other-than-temporary impairment. The review includes an analysis of the facts and circumstances of each individual investment such as the severity of loss, the length of time the fair value has been below cost, the expectation for that security’s performance, the creditworthiness of the issuer and the Company’s intent and ability to hold the security to recovery. The Company believes the unrealized losses on certain securities within the investments portfolio 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. 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. Additionally, the Company holds equity securities which are comprised of mutual funds held within a rabbi trust for the executive deferred compensation plan. Such securities are reported at fair value within other assets on the Consolidated Balance Sheets. Unrealized holding gains and losses on equity securities are included in earnings.
FEDERAL HOME LOAN BANK STOCK:	FEDERAL HOME LOAN BANK STOCK: The Bank is a member of the Federal Home Loan Bank of Pittsburgh (FHLB) and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time any such situation has persisted; (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance; (3) the impact of legislative and regulatory changes on the customer base of FHLB; and (4) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein.
LOANS:	LOANS: Interest income is recognized using the level yield method related to principal amounts outstanding. The Company typically discontinues the accrual of interest income when loans become 90 days past due in either principal or interest. In addition, if circumstances warrant, the accrual of interest may be discontinued prior to 90 days. Payments received on non-accrual loans are credited to principal until full recovery of principal has been recognized; or the loan has been returned to accrual status. The only exception to this policy is for residential mortgage loans wherein interest income is recognized on a cash basis as payments are received. A non-accrual commercial loan is placed on accrual status after becoming current and remaining current for twelve consecutive payments. Residential mortgage loans are placed on accrual status upon becoming current.
LOAN FEES:	LOAN FEES: Loan origination and commitment fees, net of associated direct costs, are deferred and amortized into interest and fees on loans over the loan or commitment period. Fee amortization is determined by the effective interest method.
LOANS HELD FOR SALE:	LOANS HELD FOR SALE: Certain newly originated residential mortgage loans are classified as held for sale, because it is management’s intent to sell these residential mortgage loans. The residential mortgage loans held for sale are carried at the lower of aggregate cost or fair value.
TRANSFERS OF FINANCIAL ASSETS:	TRANSFERS OF FINANCIAL ASSETS: Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
PREMISES AND EQUIPMENT:	PREMISES AND EQUIPMENT: Premises and equipment are stated at cost less accumulated depreciation and amortization. Land is carried at cost. Depreciation is charged to operations over the estimated useful lives of the premises and equipment using the straight-line method with a half-year convention. Useful lives of up to 30 years for buildings and up to 10 years for equipment are utilized. Leasehold improvements are amortized using the straight-line method over the terms of the respective leases or useful lives of the improvements, whichever is shorter. Maintenance, repairs, and minor alterations are charged to current operations as expenditures are incurred.
LEASES:	LEASES: ​ The Company has operating and financing leases for several office locations and equipment. Generally, the underlying lease agreements do not contain any material residual value guarantees or material restrictive covenants. 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. 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 is the Federal Home Loan Bank of Pittsburgh advance rate corresponding to the remaining maturity of the lease. 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.
ALLOWANCE FOR LOAN LOSSES AND CHARGE-OFF PROCEDURES:	ALLOWANCE FOR LOAN LOSSES AND CHARGE-OFF PROCEDURES: As a financial institution, which assumes lending and credit risks as a principal element of its business, the Company anticipates that credit losses will be experienced in the normal course of business. Accordingly, the Company consistently applies a comprehensive methodology and procedural discipline to perform an analysis which is updated on a quarterly basis at the Bank level to determine both the adequacy of the allowance for loan losses and the necessary provision for loan losses to be charged against earnings. This methodology includes: ● Review of all impaired commercial and commercial real estate loans to determine if any specific reserve allocations are required on an individual loan basis. In addition, consumer and residential mortgage loans with a balance of $150,000 or more are evaluated for impairment and specific reserve allocations are established, if applicable. All required specific reserve allocations are based on careful analysis of the loan’s performance, the related collateral value, cash flow considerations and the financial capability of any guarantor. For impaired loans the measurement of impairment may be based upon (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the observable market price of the impaired loan; or (3) the fair value of the collateral of a collateral dependent loan. ● The application of formula driven reserve allocations for all commercial and commercial real estate loans by using a three-year migration analysis of net losses incurred within each risk grade for the entire commercial loan portfolio. The difference between estimated and actual losses is reconciled through the nature of the migration analysis. ● The application of formula driven reserve allocations to consumer and residential mortgage loans which are based upon historical net charge-off experience for those loan types. The residential mortgage loan and consumer loan allocations are based upon the Company’s three-year historical average of actual loan net charge-offs experienced in each of those categories. ● The application of formula driven reserve allocations to all outstanding loans is based upon review of historical losses and qualitative factors, which include but are not limited to, economic trends, delinquencies, levels of non-accrual and TDR loans, 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. ● Management recognizes that there may be events or economic factors that have occurred affecting specific borrowers or segments of borrowers that may not yet be fully reflected in the information that the Company uses for arriving at reserves for a specific loan or portfolio segment. Therefore, the Company believes that there is estimation risk associated with the use of specific and formula driven allowances. After completion of this process, a formal meeting of the Loan Loss Reserve Committee is held to evaluate the adequacy of the reserve. When it is determined that the prospects for recovery of the principal of a loan have significantly diminished, the loan is charged-off against the allowance account; subsequent recoveries, if any, are credited to the allowance account. In addition, non-accrual and large delinquent loans are reviewed monthly to determine potential losses. The Company’s policy is to individually review, as circumstances warrant, its commercial and commercial mortgage loans to determine if a loan is impaired. 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. The Company defines classified loans as those loans rated substandard or doubtful. The Company has also identified three pools of small dollar value homogeneous loans which are evaluated collectively for impairment. These separate pools are for small business relationships with aggregate balances of $250,000 or less, residential mortgage loans and consumer loans. Individual loans within these pools are reviewed and evaluated for specific impairment if factors such as significant delinquency in payments of 90 days or more, bankruptcy, or other negative economic concerns indicate impairment.
ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT:	ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT: The allowance for unfunded loan commitments and letters of credit is maintained at a level believed by management to be sufficient to absorb estimated losses related to these unfunded credit facilities. The determination of the adequacy of the allowance is based on periodic evaluations of the unfunded credit facilities including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers and the terms and expiration dates of the unfunded credit facilities. Net adjustments to the allowance for unfunded loan commitments and letters of credit are provided for in the unfunded commitment reserve expense line item within other expense in the Consolidated Statements of Operations and a separate reserve is recorded within the other liabilities line item of the Consolidated Balance Sheets.
BANK-OWNED LIFE INSURANCE:	BANK-OWNED LIFE INSURANCE: The Company has purchased life insurance policies on certain current and previous employees. These policies are recorded on the Consolidated Balance Sheets at their cash surrender value, or the amount that can be realized. Income from these policies and changes in the cash surrender value are recorded in bank owned life insurance within non-interest income. Additionally, income is accrued on certain policies that have reached the minimum floor rate of return. This guaranteed portion of income is not added to the cash surrender value of the policy until the policy anniversary date and is reported in other assets on the Consolidated Balance Sheets.
INTANGIBLE ASSETS:	INTANGIBLE ASSETS: Goodwill arising from business combinations represents the value attributable to unidentifiable intangible elements in the business acquired. Goodwill is not amortized, but is periodically evaluated for impairment. The Company tests goodwill for impairment on at least an annual basis. This approach could cause more volatility in the Company’s reported net income because impairment losses, if any, could occur irregularly and in varying amounts. Identifiable intangible assets are amortized to their estimated residual values over their expected useful lives. Such lives are also periodically reassessed to determine if any amortization period adjustments are required. The identifiable intangible assets consist of a core deposit intangible which is being amortized on an accelerated basis over a ten-year useful life.
EARNINGS PER COMMON SHARE:	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. Options to purchase 22,000, 22,000, and 139,759 shares of common stock were outstanding during 2022, 2021 and 2020, respectively, but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive. Exercise prices of anti-dilutive options to purchase common stock outstanding were $4.00-$4.22, $4.00-$4.22, and $3.18-$4.22 during 2022, 2021 and 2020, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 7,448 ​ $ 7,072 ​ $ 4,598 Denominator: ​ ​ ​ Weighted average common shares outstanding (basic) ​ 17,107 ​ 17,073 ​ 17,053 Effect of stock options ​ 39 ​ 41 ​ 10 Weighted average common shares outstanding (diluted) ​ 17,146 ​ 17,114 ​ 17,063 Earnings per common share: ​ ​ ​ Basic ​ $ 0.44 ​ $ 0.41 ​ $ 0.27 Diluted ​ 0.43 ​ 0.41 ​ 0.27 ​
STOCK-BASED COMPENSATION:	STOCK-BASED COMPENSATION: The Company uses the modified prospective method for accounting of stock-based compensation. The fair value of each option grant is estimated on the grant date using the Binomial or Black-Scholes option pricing model and the expense is recognized ratably over the service period. Forfeitures are recognized as they occur. See Note 19 for details on the assumptions used.
ACCUMULATED OTHER COMPREHENSIVE LOSS:	ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company presents the components of other comprehensive (loss) income in the Consolidated Statements of Comprehensive (Loss) Income. These components are comprised of the change in the defined benefit pension obligation and the unrealized holding gains (losses) on available for sale securities, net of any reclassification adjustments for realized gains and losses.
CONSOLIDATED STATEMENT OF CASH FLOWS:	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 $1.1 million in income tax payments in 2022; $200,000 in 2021; and $315,000 in 2020. The Company had non-cash transfers to other real estate owned (OREO) and repossessed assets in the amounts of $53,000 in 2022; $8,000 in 2021; and $40,000 in 2020. During 2022 asset On May 21, 2021, AmeriServ Financial Bank completed its acquisition from Citizen’s Neighborhood Bank (CNB), an operating division of Riverview Bank, the branch and related deposit customers in Meyersdale, Pennsylvania and the deposit customers in Somerset, Pennsylvania. In addition to the branch acquisition related information disclosed on the Consolidated Statements of Cash Flows, the following were recorded as non-cash transfers on the corresponding lines of the Consolidated Balance Sheets as of December 31, 2021 (in thousands). ​ ​ ​ ​ Acquisition of Riverview Bank Branches ​ ​ ​ Non-cash assets acquired ​ ​ Loans ​ $ 36 Other premises and equipment, net ​ 158 Intangible assets ​ ​ 1,844 ​ ​ ​ 2,038 Non-cash liabilities assumed ​ ​ Non-interest bearing deposits ​ ​ (7,372) Interest bearing deposits ​ (35,060) Other liabilities ​ (37) ​ ​ ​ (42,469) Net non-cash liabilities assumed ​ $ (40,431) ​
INCOME TAXES:	INCOME TAXES: Deferred tax assets or liabilities are computed based on the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate. Deferred income tax expenses or credits are based on the changes in the corresponding asset or liability from period to period. Deferred tax assets are reduced, if necessary, by the amounts of such benefits that are not expected to be realized based upon available evidence.
INTEREST RATE CONTRACTS:	INTEREST RATE CONTRACTS: The Company recognizes all derivatives as either assets or liabilities on the Consolidated Balance Sheets and measures those instruments at fair value. For derivatives designated as fair value hedges, changes in the fair value of the derivative and hedged item related to the hedged risk are recognized in earnings. Changes in fair value of derivatives designated and accounted as cash flow hedges, to the extent they are effective as hedges, are recorded in “Other Comprehensive Income,” net of deferred taxes and are subsequently reclassified to earnings when the hedged transaction affects earnings. Any hedge ineffectiveness would be recognized in the income statement line item pertaining to the hedged item. The Company periodically enters into derivative instruments to meet the financing, interest rate and equity risk management needs of its customers or the Bank. Upon entering into these instruments to meet customer needs, the Company enters into offsetting positions to minimize interest rate and equity risk to the Company. These derivative financial instruments are reported at fair value with any resulting gain or loss recorded in current period earnings in amounts that offset. These instruments and their offsetting positions are recorded in other assets and other liabilities on the Consolidated Balance Sheets.
PENSION:	PENSION: Pension costs and liabilities are dependent on assumptions used in calculating such amounts. These assumptions include discount rates, benefits earned, interest costs, expected return on plan assets, mortality rates, and other factors. In accordance with GAAP, actual results that differ from the assumptions are accumulated and amortized over future periods and, therefore, generally affect recognized expense and the recorded obligation of future periods. While management believes that the assumptions used are appropriate, differences in actual experience or changes in assumptions may affect the Company’s pension obligations and future expense. Additionally, pension expense can also be impacted by settlement accounting charges if the amount of employees selected lump sum distributions exceed the total amount of service and interest component costs of the net periodic pension cost in a particular year. The service cost component of net periodic benefit cost is determined by aggregating the product of the discounted cash flows of the plan’s service cost for each year and an individual spot rate (referred to as the “spot rate” approach). The interest cost component is determined by aggregating the product of the discounted cash flows of the plan’s projected benefit obligations for each year and an individual spot rate. Management believes this methodology is an appropriate measure of the service cost and interest cost as each year’s cash flows are specifically linked to the interest rates of bond payments in the same respective year. Our pension benefits are described further in Note 17 of the Notes to Consolidated Financial Statements.
FAIR VALUE OF FINANCIAL INSTRUMENTS:	FAIR VALUE OF FINANCIAL INSTRUMENTS: We group our assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level I — Valuation is based upon quoted prices for identical instruments traded in active markets. Level II — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level III — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. We base our fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy in generally accepted accounting principles.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of Earnings Per Common Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 7,448 ​ $ 7,072 ​ $ 4,598 Denominator: ​ ​ ​ Weighted average common shares outstanding (basic) ​ 17,107 ​ 17,073 ​ 17,053 Effect of stock options ​ 39 ​ 41 ​ 10 Weighted average common shares outstanding (diluted) ​ 17,146 ​ 17,114 ​ 17,063 Earnings per common share: ​ ​ ​ Basic ​ $ 0.44 ​ $ 0.41 ​ $ 0.27 Diluted ​ 0.43 ​ 0.41 ​ 0.27 ​
Schedule of non-cash assets acquired and liabilities assumed	On May 21, 2021, AmeriServ Financial Bank completed its acquisition from Citizen’s Neighborhood Bank (CNB), an operating division of Riverview Bank, the branch and related deposit customers in Meyersdale, Pennsylvania and the deposit customers in Somerset, Pennsylvania. In addition to the branch acquisition related information disclosed on the Consolidated Statements of Cash Flows, the following were recorded as non-cash transfers on the corresponding lines of the Consolidated Balance Sheets as of December 31, 2021 (in thousands). ​ ​ ​ ​ Acquisition of Riverview Bank Branches ​ ​ ​ Non-cash assets acquired ​ ​ Loans ​ $ 36 Other premises and equipment, net ​ 158 Intangible assets ​ ​ 1,844 ​ ​ ​ 2,038 Non-cash liabilities assumed ​ ​ Non-interest bearing deposits ​ ​ (7,372) Interest bearing deposits ​ (35,060) Other liabilities ​ (37) ​ ​ ​ (42,469) Net non-cash liabilities assumed ​ $ (40,431) ​

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2022
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 years ended December 31, 2022, 2021, and 2020 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-interest income: ​ ​ ​ ​ ​ ​ ​ ​ ​ In-scope of Topic 606 ​ ​ ​ Wealth management fees ​ $ 11,620 ​ $ 11,986 ​ $ 10,212 Service charges on deposit accounts ​ 1,108 ​ 965 ​ 903 Other ​ 2,009 ​ 2,017 ​ 1,708 Non-interest income (in-scope of topic 606) ​ 14,737 ​ 14,968 ​ 12,823 Non-interest income (out-of-scope of topic 606) ​ 1,955 ​ 2,793 ​ 3,452 Total non-interest income ​ $ 16,692 ​ $ 17,761 ​ $ 16,275

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2022
INVESTMENT SECURITIES
Schedule of cost basis and fair values of investment securities	The cost basis and fair values of investment securities are summarized as follows: Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ COST BASIS GAINS LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 11,797 ​ $ 1 ​ $ (1,265) ​ $ 10,533 U.S. Agency mortgage-backed securities ​ 102,631 ​ 64 ​ (12,710) ​ 89,985 Municipal ​ 20,837 ​ — ​ (1,799) ​ 19,038 Corporate bonds ​ 63,152 ​ 30 ​ (3,230) ​ 59,952 Total ​ $ 198,417 ​ $ 95 ​ $ (19,004) ​ $ 179,508 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ COST BASIS GAINS LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 2,500 ​ $ — ​ $ (432) ​ $ 2,068 U.S. Agency mortgage-backed securities ​ ​ 18,877 ​ ​ 8 ​ ​ (2,212) ​ ​ 16,673 Municipal ​ 33,993 ​ 2 ​ (3,880) ​ 30,115 Corporate bonds and other securities ​ 6,508 ​ — ​ (172) ​ 6,336 Total ​ $ 61,878 ​ $ 10 ​ $ (6,696) ​ $ 55,192 ​ Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ COST BASIS GAINS LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 7,371 ​ $ 86 ​ $ (70) ​ $ 7,387 U.S. Agency mortgage-backed securities ​ 80,136 ​ 1,202 ​ (1,171) ​ 80,167 Municipal ​ 20,066 ​ 851 ​ (25) ​ 20,892 Corporate bonds ​ 53,843 ​ 1,028 ​ (146) ​ 54,725 Total ​ $ 161,416 ​ $ 3,167 ​ $ (1,412) ​ $ 163,171 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ ​ COST BASIS GAINS LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency $ 2,500 ​ $ — ​ $ (11) ​ $ 2,489 U.S. Agency mortgage-backed securities ​ 10,556 ​ ​ 203 ​ ​ (115) ​ ​ 10,644 Municipal ​ 33,188 ​ 1,734 ​ (103) ​ 34,819 Corporate bonds and other securities ​ 7,507 ​ 64 ​ (7) ​ 7,564 Total ​ $ 53,751 ​ $ 2,001 ​ $ (236) ​ $ 55,516 ​
Schedule of investments with unrealized losses	The following table presents information concerning investments with unrealized losses as of December 31, 2022 (in thousands): ​ Total investment securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ LESS THAN 12 MONTHS ​ 12 MONTHS OR LONGER ​ TOTAL ​ ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency ​ $ 5,446 ​ $ (350) ​ $ 6,653 ​ $ (1,347) ​ $ 12,099 ​ $ (1,697) U.S. Agency mortgage-backed securities ​ ​ 57,193 ​ ​ (4,018) ​ ​ 44,083 ​ ​ (10,904) ​ ​ 101,276 ​ ​ (14,922) Municipal ​ 37,175 ​ ​ (3,113) ​ ​ 11,475 ​ ​ (2,566) ​ ​ 48,650 ​ ​ (5,679) Corporate bonds and other securities ​ 39,549 ​ ​ (1,923) ​ ​ 16,721 ​ ​ (1,479) ​ ​ 56,270 ​ ​ (3,402) Total ​ $ 139,363 ​ $ (9,404) ​ $ 78,932 ​ $ (16,296) ​ $ 218,295 ​ $ (25,700) ​ The following table presents information concerning investments with unrealized losses as of December 31, 2021 (in thousands): ​ Total investment securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ LESS THAN 12 MONTHS ​ 12 MONTHS OR LONGER ​ TOTAL ​ ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency ​ $ 7,419 ​ $ (81) ​ $ — ​ $ — ​ $ 7,419 ​ $ (81) U.S. Agency mortgage-backed securities ​ ​ 45,422 ​ ​ (972) ​ ​ 6,691 ​ ​ (314) ​ ​ 52,113 ​ ​ (1,286) Municipal ​ 7,832 ​ ​ (128) ​ ​ — ​ ​ — ​ ​ 7,832 ​ ​ (128) Corporate bonds and other securities ​ 14,558 ​ ​ (92) ​ ​ 2,439 ​ ​ (61) ​ ​ 16,997 ​ ​ (153) Total ​ $ 75,231 ​ $ (1,273) ​ $ 9,130 ​ $ (375) ​ $ 84,361 ​ $ (1,648) ​
Schedule of investment securities	Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TOTAL ​ ​ ​ ​ ​ ​ ​ U.S. AGENCY ​ INVESTMENT ​ ​ ​ ​ ​ ​ ​ ​ ​ MORTGAGE- ​ SECURITIES ​ ​ ​ ​ ​ ​ CORPORATE ​ BACKED ​ AVAILABLE ​ ​ U. S. AGENCY ​ MUNICIPAL ​ BONDS ​ SECURITIES ​ FOR SALE ​ ​ (IN THOUSANDS) COST BASIS ​ ​ ​ ​ ​ Within 1 year ​ $ — $ 1,065 $ 6,000 $ — ​ $ 7,065 After 1 year but within 5 years ​ 4,279 12,538 26,039 1,488 ​ 44,344 After 5 years but within 10 years ​ 6,000 7,234 30,463 5,577 ​ 49,274 Over 10 years ​ 1,518 — 650 95,566 ​ 97,734 Total ​ $ 11,797 $ 20,837 $ 63,152 $ 102,631 ​ $ 198,417 FAIR VALUE ​ Within 1 year ​ $ — $ 1,045 $ 5,970 ​ $ — ​ $ 7,015 After 1 year but within 5 years ​ 4,102 11,873 25,084 ​ 1,431 ​ 42,490 After 5 years but within 10 years ​ 5,048 6,120 28,364 ​ 5,264 ​ 44,796 Over 10 years ​ 1,383 — 534 ​ 83,290 ​ 85,207 Total ​ $ 10,533 $ 19,038 $ 59,952 ​ $ 89,985 ​ $ 179,508 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ TOTAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. AGENCY ​ INVESTMENT ​ ​ ​ ​ ​ ​ ​ ​ CORPORATE ​ MORTGAGE- ​ SECURITIES ​ ​ ​ ​ ​ ​ ​ ​ BONDS AND ​ BACKED ​ HELD TO ​ ​ U.S. AGENCY ​ MUNICIPAL ​ OTHER ​ SECURITIES ​ MATURITY ​ ​ (IN THOUSANDS) COST BASIS ​ ​ ​ ​ ​ ​ Within 1 year ​ $ — $ 425 $ 2,000 $ — $ 2,425 After 1 year but within 5 years ​ — ​ 8,874 ​ 3,015 ​ 1,005 ​ 12,894 After 5 years but within 10 years ​ 2,500 ​ 21,315 ​ 500 ​ 812 ​ 25,127 Over 10 years ​ — ​ 3,379 ​ 993 ​ 17,060 ​ 21,432 Total ​ $ 2,500 ​ $ 33,993 ​ $ 6,508 ​ $ 18,877 ​ $ 61,878 FAIR VALUE ​ Within 1 year ​ $ — $ 419 $ 1,942 $ — $ 2,361 After 1 year but within 5 years ​ — ​ 8,411 ​ 2,901 ​ 979 ​ 12,291 After 5 years but within 10 years ​ 2,068 ​ 18,550 ​ 500 ​ 779 ​ 21,897 Over 10 years ​ — ​ 2,735 ​ 993 ​ 14,915 ​ 18,643 Total ​ $ 2,068 ​ $ 30,115 ​ $ 6,336 ​ $ 16,673 ​ $ 55,192 ​

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2022
LOANS
Schedule of loan portfolio	The loan portfolio of the Company consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) Commercial: ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ 153,398 ​ $ 134,182 Paycheck Protection Program (PPP) ​ ​ 22 ​ ​ 17,311 Commercial loans secured by owner occupied real estate (1) ​ 75,158 ​ ​ 99,644 Commercial loans secured by non-owner occupied real estate (1) ​ 450,744 ​ ​ 430,825 Real estate − residential mortgage (1) ​ 297,971 ​ ​ 287,996 Consumer ​ 13,473 ​ ​ 15,096 Loans, net of unearned income ​ $ 990,766 ​ $ 985,054 (1) Real estate construction loans constituted 4.7% and 5.6% of the Company’s total loans, net of unearned income as of December 31, 2022 and 2021, respectively.
Summary of risk concentrations for commercial and commercial real estate loans by industry type	The following table provides information regarding our potential risk concentrations for commercial and commercial real estate loans by industry type at December 31, 2022 and 2021 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ ​ ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ 7,690 ​ $ 7,690 Multifamily/apartments/student housing ​ — ​ — ​ 65 ​ 83,033 ​ 83,098 Office ​ 44,959 ​ — ​ 7,428 ​ 23,775 ​ 76,162 Retail ​ 6,478 ​ — ​ 17,072 ​ 147,601 ​ 171,151 Industrial/manufacturing/warehouse ​ 82,540 ​ — ​ 11,016 ​ 77,640 ​ 171,196 Hotels ​ — ​ — ​ — ​ 36,214 ​ 36,214 Eating and drinking places ​ 276 ​ 22 ​ 4,575 ​ 1,354 ​ 6,227 Personal care ​ 881 ​ — ​ — ​ 2,647 ​ 3,528 Amusement and recreation ​ 66 ​ — ​ 3,223 ​ 3 ​ 3,292 Mixed use ​ — ​ — ​ 4,268 ​ 51,222 ​ 55,490 Other ​ 18,198 ​ — ​ 27,511 ​ 19,565 ​ 65,274 Total ​ $ 153,398 ​ $ 22 ​ $ 75,158 ​ $ 450,744 ​ $ 679,322 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ ​ ​ ​ 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 ​ $ 1,246 ​ $ — ​ $ 96 ​ $ 8,565 ​ $ 9,907 Multifamily/apartments/student housing ​ — ​ — ​ 245 ​ 73,912 ​ 74,157 Office ​ 37,386 ​ 203 ​ 8,644 ​ 28,500 ​ 74,733 Retail ​ 7,253 ​ 444 ​ 20,439 ​ 148,668 ​ 176,804 Industrial/manufacturing/warehouse ​ 74,508 ​ 5,940 ​ 21,468 ​ 44,316 ​ 146,232 Hotels ​ 154 ​ 1,764 ​ — ​ 42,425 ​ 44,343 Eating and drinking places ​ 484 ​ 6,591 ​ 4,537 ​ 1,752 ​ 13,364 Personal care ​ 1,197 ​ 173 ​ — ​ 4,315 ​ 5,685 Amusement and recreation ​ 92 ​ 53 ​ 5,402 ​ 12 ​ 5,559 Mixed use ​ — ​ — ​ 4,031 ​ 62,088 ​ 66,119 Other ​ 11,862 ​ 2,143 ​ 34,782 ​ 16,272 ​ 65,059 Total ​ $ 134,182 ​ $ 17,311 ​ $ 99,644 ​ $ 430,825 ​ $ 681,962 ​

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2022
ALLOWANCE FOR LOAN LOSSES
Schedule of Loan losses by portfolio segment	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. ​ The following table summarizes the rollforward of the allowance for loan losses by portfolio segment (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2021 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 3,071 ​ $ (97) ​ $ 4 ​ $ (325) ​ $ 2,653 Commercial loans secured by non-owner occupied real estate ​ 6,392 ​ (1,390) ​ 54 ​ 916 ​ 5,972 Real estate − residential mortgage ​ 1,590 ​ (28) ​ 19 ​ (201) ​ 1,380 Consumer ​ 113 ​ (334) ​ 67 ​ 239 ​ 85 Allocation for general risk ​ 1,232 ​ — ​ — ​ (579) ​ 653 Total ​ $ 12,398 ​ $ (1,849) ​ $ 144 ​ $ 50 ​ $ 10,743 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2020 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2021 Commercial ​ $ 3,472 ​ $ (146) ​ $ 89 ​ $ (344) ​ $ 3,071 Commercial loans secured by non-owner occupied real estate ​ 5,373 ​ — ​ 51 ​ 968 ​ 6,392 Real estate − residential mortgage ​ 1,292 ​ (17) ​ 49 ​ 266 ​ 1,590 Consumer ​ 115 ​ (131) ​ 58 ​ 71 ​ 113 Allocation for general risk ​ 1,093 ​ — ​ — ​ 139 ​ 1,232 Total ​ $ 11,345 ​ $ (294) ​ $ 247 ​ $ 1,100 ​ $ 12,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2019 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2020 Commercial ​ $ 3,951 ​ $ (111) ​ $ 4 ​ $ (372) ​ $ 3,472 Commercial loans secured by non-owner occupied real estate ​ 3,119 ​ — ​ 44 ​ 2,210 ​ 5,373 Real estate − residential mortgage ​ 1,159 ​ (233) ​ 62 ​ 304 ​ 1,292 Consumer ​ 126 ​ (143) ​ 68 ​ 64 ​ 115 Allocation for general risk ​ 924 ​ — ​ — ​ 169 ​ 1,093 Total ​ $ 9,279 ​ $ (487) ​ $ 178 ​ $ 2,375 ​ $ 11,345 ​
Schedule of Loan loss by the primary segments	The following tables summarize the loan portfolio and allowance for loan losses by the primary segments of the loan portfolio. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ COMMERCIAL LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURED BY NON- ​ REAL ESTATE − ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OWNER OCCUPIED ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ Loans: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER TOTAL ​ ​ (IN THOUSANDS) Individually evaluated for impairment ​ $ 1,989 ​ $ 1,586 ​ $ — ​ $ — ​ $ 3,575 Collectively evaluated for impairment ​ 226,589 ​ 449,158 ​ 297,971 ​ 13,473 ​ 987,191 Total loans ​ $ 228,578 ​ $ 450,744 ​ $ 297,971 ​ $ 13,473 ​ $ 990,766 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ COMMERCIAL LOANS ​ ​ ​ ​ ​ ​ ALLOCATION ​ ​ ​ ​ ​ ​ ​ ​ SECURED BY NON- ​ REAL ESTATE − ​ ​ ​ ​ FOR ​ ​ ​ Allowance ​ ​ ​ ​ OWNER OCCUPIED ​ RESIDENTIAL ​ ​ ​ ​ GENERAL ​ ​ ​ for loan losses: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER RISK TOTAL ​ ​ (IN THOUSANDS) Specific reserve allocation ​ $ 520 ​ $ 3 ​ $ — ​ $ — ​ $ — ​ $ 523 General reserve allocation ​ 2,133 ​ 5,969 ​ 1,380 ​ 85 ​ 653 ​ 10,220 Total allowance for loan losses ​ $ 2,653 ​ $ 5,972 ​ $ 1,380 ​ $ 85 ​ $ 653 ​ $ 10,743 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ COMMERCIAL LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURED BY NON- ​ REAL ESTATE − ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OWNER OCCUPIED ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ Loans: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER TOTAL ​ ​ (IN THOUSANDS) Individually evaluated for impairment ​ $ 2,165 ​ $ 5 ​ $ — ​ $ — ​ $ 2,170 Collectively evaluated for impairment ​ 248,972 ​ 430,820 ​ 287,996 ​ 15,096 ​ 982,884 Total loans ​ $ 251,137 ​ $ 430,825 ​ $ 287,996 ​ $ 15,096 ​ $ 985,054 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ COMMERCIAL LOANS ​ ​ ​ ​ ​ ​ ALLOCATION ​ ​ ​ ​ ​ ​ ​ ​ SECURED BY NON- ​ REAL ESTATE − ​ ​ ​ ​ FOR ​ ​ ​ Allowance ​ ​ ​ ​ OWNER OCCUPIED ​ RESIDENTIAL ​ ​ ​ ​ GENERAL ​ ​ ​ for loan losses: ​ COMMERCIAL REAL ESTATE MORTGAGE CONSUMER RISK TOTAL ​ ​ (IN THOUSANDS) Specific reserve allocation $ 628 ​ $ 5 ​ $ — ​ $ — ​ $ — ​ $ 633 General reserve allocation ​ 2,443 ​ 6,387 ​ 1,590 ​ 113 ​ 1,232 ​ 11,765 Total allowance for loan losses ​ $ 3,071 ​ $ 6,392 ​ $ 1,590 ​ $ 113 ​ $ 1,232 ​ $ 12,398 ​
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 DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 1,989 ​ $ 520 ​ $ — ​ $ 1,989 ​ $ 2,240 Commercial loans secured by non-owner occupied real estate ​ ​ 3 ​ ​ 3 ​ ​ 1,583 ​ ​ 1,586 ​ ​ 1,643 Total impaired loans ​ $ 1,992 ​ $ 523 ​ $ 1,583 ​ $ 3,575 ​ $ 3,883 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 2,165 ​ $ 628 ​ $ — ​ $ 2,165 ​ $ 2,260 Commercial loans secured by non-owner occupied real estate ​ ​ 5 ​ ​ 5 ​ ​ — ​ ​ 5 ​ ​ 27 Total impaired loans ​ $ 2,170 ​ $ 633 ​ $ — ​ $ 2,170 ​ $ 2,287 ​
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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) Average impaired balance: ​ ​ ​ Commercial ​ $ 2,062 ​ $ 2,301 ​ $ 839 Commercial loans secured by non-owner occupied real estate ​ 805 ​ 7 ​ 8 Average investment in impaired loans ​ $ 2,867 ​ $ 2,308 ​ $ 847 Interest income recognized: ​ ​ ​ Commercial ​ $ — ​ $ 15 ​ $ 38 Commercial loans secured by non-owner occupied real estate ​ — ​ — ​ — Interest income recognized on a cash basis on impaired loans ​ $ — ​ $ 15 ​ $ 38 ​
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 DECEMBER 31, 2022 ​ ​ ​ ​ ​ SPECIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PASS MENTION SUBSTANDARD DOUBTFUL TOTAL ​ ​ (IN THOUSANDS) Commercial and industrial ​ $ 148,361 ​ $ — ​ $ 5,037 ​ $ — ​ $ 153,398 Paycheck Protection Program (PPP) ​ ​ 22 ​ ​ — ​ ​ — ​ ​ — ​ ​ 22 Commercial loans secured by owner occupied real estate ​ 74,187 ​ — ​ 971 ​ — ​ 75,158 Commercial loans secured by non-owner occupied real estate ​ 423,486 ​ 11,015 ​ 16,240 ​ 3 ​ 450,744 Total ​ $ 646,056 ​ $ 11,015 ​ $ 22,248 ​ $ 3 ​ $ 679,322 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ SPECIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PASS MENTION SUBSTANDARD DOUBTFUL TOTAL ​ ​ (IN THOUSANDS) Commercial and industrial ​ $ 125,079 ​ $ 6,722 ​ $ 738 ​ $ 1,643 ​ $ 134,182 Paycheck Protection Program (PPP) ​ ​ 17,311 ​ ​ — ​ ​ — ​ ​ — ​ ​ 17,311 Commercial loans secured by owner occupied real estate ​ 98,271 ​ 297 ​ 1,076 ​ — ​ 99,644 Commercial loans secured by non-owner occupied real estate ​ 399,104 ​ 19,322 ​ 12,394 ​ 5 ​ 430,825 Total ​ $ 639,765 ​ $ 26,341 ​ $ 14,208 ​ $ 1,648 ​ $ 681,962 ​
Schedule of Residential and consumer portfolio	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ NON- ​ ​ ​ PERFORMING PERFORMING TOTAL ​ ​ (IN THOUSANDS) Real estate – residential mortgage ​ $ 296,401 ​ $ 1,570 ​ $ 297,971 Consumer ​ 13,457 ​ 16 ​ ​ 13,473 Total ​ $ 309,858 ​ $ 1,586 ​ $ 311,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ NON- ​ ​ ​ PERFORMING PERFORMING TOTAL ​ ​ (IN THOUSANDS) Real estate – residential mortgage ​ $ 286,843 ​ $ 1,153 ​ $ 287,996 Consumer ​ 15,096 ​ — ​ ​ 15,096 Total ​ $ 301,939 ​ $ 1,153 ​ $ 303,092 ​
Schedule of Credit quality of the loan portfolio	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 152,314 ​ $ 797 ​ $ 287 ​ $ — ​ $ 1,084 ​ $ 153,398 ​ $ — Paycheck Protection Program (PPP) ​ ​ 22 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 22 ​ ​ — Commercial loans secured by owner occupied real estate ​ 74,960 ​ 198 ​ ​ — ​ — ​ 198 ​ ​ 75,158 ​ — Commercial loans secured by non-owner occupied real estate ​ 446,809 ​ 3,935 ​ ​ — ​ — ​ 3,935 ​ ​ 450,744 ​ — Real estate – residential mortgage ​ 295,790 ​ 489 ​ ​ 422 ​ 1,270 ​ 2,181 ​ ​ 297,971 ​ — Consumer ​ 13,290 ​ 60 ​ ​ 114 ​ 9 ​ 183 ​ ​ 13,473 ​ — Total ​ $ 983,185 ​ $ 5,479 ​ $ 823 ​ $ 1,279 ​ $ 7,581 ​ $ 990,766 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 133,918 ​ $ 14 ​ $ 250 ​ $ — ​ $ 264 ​ $ 134,182 ​ $ — Paycheck Protection Program (PPP) ​ ​ 17,311 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 17,311 ​ ​ — Commercial loans secured by owner occupied real estate ​ 99,454 ​ — ​ ​ 190 ​ — ​ 190 ​ ​ 99,644 ​ — Commercial loans secured by non-owner occupied real estate ​ 428,790 ​ 2,035 ​ ​ — ​ — ​ 2,035 ​ ​ 430,825 ​ — Real estate – residential mortgage ​ 283,178 ​ 2,449 ​ ​ 1,240 ​ 1,129 ​ 4,818 ​ ​ 287,996 ​ — Consumer ​ 14,938 ​ 151 ​ ​ 7 ​ — ​ 158 ​ ​ 15,096 ​ — Total ​ $ 977,589 ​ $ 4,649 ​ $ 1,687 ​ $ 1,129 ​ $ 7,465 ​ $ 985,054 ​ $ — ​

NON-PERFORMING ASSETS INCLUDI_2

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (TDR) (Tables)	12 Months Ended
	Dec. 31, 2022
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS, EXCEPT ​ ​ PERCENTAGES) Non-accrual loans: ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ 1,989 ​ $ 2,165 ​ Commercial loans secured by non-owner occupied real estate ​ ​ 1,586 ​ ​ 5 ​ Real estate – residential mortgage ​ 1,577 ​ 1,153 ​ Consumer ​ ​ 9 ​ ​ — ​ Total ​ 5,161 ​ 3,323 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other real estate owned and repossessed assets: ​ ​ ​ Real estate – residential mortgage ​ 38 ​ — ​ Consumer ​ 1 ​ — ​ Total ​ 39 ​ — ​ Total non-performing assets including TDR ​ $ 5,200 ​ $ 3,323 ​ Total non-performing assets as a percent of loans, net of unearned income, other real estate owned and repossessed assets ​ 0.53 % 0.34 % ​
Schedule of troubled debt restructurings on financing receivables	The following table details the loans modified as TDRs during the year ended December 31, 2022 (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans in non-accrual status ​ # of Loans Current Balance Concession Granted Commercial and industrial ​ 1 ​ $ 452 ​ Subsequent modification of a TDR - Extension of maturity date with a below market interest rate Commercial loans secured by non-owner occupied real estate ​ 1 ​ $ 1,583 ​ Extension of maturity date with an interest only period at below market interest rate ​ The following table details the loan modified as a TDR during the year ended December 31, 2021 (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans in non-accrual status ​ # of Loans Current Balance Concession Granted Commercial and industrial 1 ​ $ 477 Subsequent modification of a TDR - 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 DECEMBER 31, 2022 ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ % of Outstanding ​ ​ % of Outstanding ​ Balance ​ Non-PPP Loans ​ Balance ​ Non-PPP Loans ​ (in thousands) ​ ​ ​ (in thousands) ​ ​ CRE/Commercial $ 199 0.03 % ​ $ 7,488 1.08 % Home Equity/Consumer — — ​ ​ 57 0.06 ​ Residential Mortgage 32 0.02 ​ ​ 203 0.11 ​ Total $ 231 0.02 ​ ​ $ 7,748 0.80 ​ ​
Summary of deferral of principal and interest payments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ AT DECEMBER 31, 2021 ​ Number of Loans Balance Number of Loans Balance ​ ​ ​ (in thousands) ​ ​ ​ (in thousands) Type of Payment Relief ​ ​ Interest only payments 1 ​ $ 199 6 ​ $ 3,768 Complete payment deferrals 2 ​ 32 5 ​ 3,980 Total 3 ​ $ 231 11 ​ $ 7,748 ​

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
PREMISES AND EQUIPMENT
Schedule of premises and equipment	An analysis of premises and equipment follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) Land ​ $ 1,225 ​ $ 1,225 Premises ​ 30,079 ​ 28,944 Furniture and equipment ​ 8,428 ​ 8,908 Leasehold improvements ​ 1,202 ​ 1,174 Total at cost ​ 40,934 ​ 40,251 Less: Accumulated depreciation and amortization ​ 26,474 ​ 26,169 Premises and equipment, net ​ $ 14,460 ​ $ 14,082 ​

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
LEASE COMMITMENTS
Schedule of lease cost associated with both operating and financing leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ (IN THOUSANDS) Lease cost ​ ​ ​ ​ ​ ​ ​ Financing lease cost: ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use asset ​ $ 271 ​ $ 272 ​ $ 271 Interest expense ​ 100 ​ 106 ​ 112 Operating lease cost ​ ​ 106 ​ ​ 116 ​ ​ 116 Total lease cost ​ $ 477 ​ $ 494 ​ $ 499 ​
Schedule of weighted-average remaining lease term and discount rates	The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at December 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ ​ 2022 ​ ​ 2021 ​ ​ OPERATING ​ FINANCING ​ ​ OPERATING ​ FINANCING ​ Weighted-average remaining term (years) 10.0 ​ 15.1 ​ ​ 11.0 ​ 15.5 ​ Weighted-average discount rate 3.54 % ​ 3.62 % ​ 3.53 % ​ 3.56 % ​
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 as of December 31, 2022 and 2021, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets. ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ OPERATING FINANCING ​ ​ (IN THOUSANDS) Undiscounted cash flows due in: ​ ​ ​ ​ ​ ​ 2023 ​ $ 85 ​ $ 309 2024 ​ 85 ​ 249 2025 ​ 75 ​ 248 2026 ​ 69 ​ 181 2027 ​ 69 ​ 181 Thereafter ​ 382 ​ 2,397 Total undiscounted cash flows ​ 765 ​ 3,565 Discount on cash flows ​ (122) ​ (885) Total lease liabilities ​ $ 643 ​ $ 2,680 ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ OPERATING FINANCING ​ ​ (IN THOUSANDS) Undiscounted cash flows due in: ​ ​ ​ ​ ​ ​ 2022 ​ $ 98 ​ $ 320 2023 ​ 69 ​ 309 2024 ​ 69 ​ 249 2025 ​ 69 ​ 248 2026 ​ 69 ​ 181 Thereafter ​ 452 ​ 2,578 Total undiscounted cash flows ​ 826 ​ 3,885 Discount on cash flows ​ (144) ​ (986) Total lease liabilities ​ $ 682 ​ $ 2,899 ​

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2022
DEPOSITS.
Schedule of company's deposits	The following table sets forth the balance of the Company’s deposits: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) Demand: ​ ​ Non-interest bearing ​ $ 195,123 ​ $ 211,106 Interest bearing ​ 236,746 ​ 235,582 Savings ​ 135,796 ​ 133,163 Money market ​ 254,868 ​ 267,202 Certificates of deposit ​ 286,004 ​ 292,325 Total deposits ​ $ 1,108,537 ​ $ 1,139,378 ​
Schedule of time deposit maturities	The following table sets forth the balance of certificates of deposit as of December 31, 2022 maturing in the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CERTIFICATES OF YEAR: DEPOSIT ​ (IN THOUSANDS) ​ 2023 ​ $ 166,109 ​ 2024 ​ 79,097 ​ 2025 ​ 14,550 ​ 2026 ​ 7,566 ​ 2027 ​ 7,044 ​ 2028 and after ​ 11,638 ​ Total ​ $ 286,004 ​ ​

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2022
SHORT-TERM BORROWINGS
Schedule of short-term borrowings	Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ FEDERAL ​ ​ ​ ​ FUNDS ​ SHORT-TERM ​ PURCHASED BORROWINGS ​ ​ (IN THOUSANDS, EXCEPT RATES) Balance ​ $ — ​ $ 88,641 ​ Maximum balance at any month end ​ — ​ 88,641 ​ Average balance during year ​ 113 ​ 9,155 ​ Average rate paid for the year ​ 3.11 % 3.93 % Interest rate on year-end balance ​ — ​ 4.45 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ FEDERAL ​ ​ ​ ​ FUNDS ​ SHORT-TERM ​ PURCHASED BORROWINGS ​ ​ (IN THOUSANDS, EXCEPT RATES) Balance ​ $ — ​ $ — ​ Maximum balance at any month end ​ — ​ 4,077 ​ Average balance during year ​ — ​ 389 ​ Average rate paid for the year ​ — % 0.37 % Interest rate on year-end balance ​ — ​ 0.28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2020 ​ FEDERAL ​ ​ ​ FUNDS ​ SHORT-TERM ​ PURCHASED BORROWINGS ​ ​ (IN THOUSANDS, EXCEPT RATES) Balance ​ $ — ​ $ 24,702 ​ Maximum balance at any month end ​ 2,000 ​ 41,632 ​ Average balance during year ​ 18 ​ 4,929 ​ Average rate paid for the year ​ 0.87 % 0.58 % Interest rate on year-end balance ​ — ​ 0.41 ​ ​

ADVANCES FROM FEDERAL HOME LO_2

ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT (Tables)	12 Months Ended
	Dec. 31, 2022
ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT
Schedule of federal home loan bank borrowings	Advances from the Federal Home Loan Bank (FHLB) consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ WEIGHTED ​ ​ ​ ​ AVERAGE YIELD BALANCE MATURING ​ (IN THOUSANDS, EXCEPT RATES) 2023 1.59 % $ 15,568 2024 1.19 ​ 4,197 Total advances from FHLB 1.50 ​ $ 19,765 ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ WEIGHTED ​ ​ ​ ​ AVERAGE YIELD BALANCE MATURING ​ (IN THOUSANDS, EXCEPT RATES) 2022 1.88 % $ 22,888 2023 1.59 ​ 15,568 2024 1.19 ​ 4,197 Total advances from FHLB 1.71 ​ $ 42,653 ​

DISCLOSURES ABOUT FAIR VALUE _2

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Schedule of assets and liabilities measured and recorded at fair value on a recurring basis	The following table presents the assets and liabilities measured and reported on the Consolidated Balance Sheets on a recurring basis at their fair value as of December 31, 2022 and 2021 by level within the fair value hierarchy (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2022 USING ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities (1) ​ $ 502 ​ $ 502 ​ $ — ​ $ — Available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Agency ​ 10,533 ​ — ​ 10,533 ​ — U.S. Agency mortgage-backed securities ​ ​ 89,985 ​ ​ — ​ ​ 89,985 ​ ​ — Municipal ​ 19,038 ​ — ​ 19,038 ​ — Corporate bonds ​ 59,952 ​ — ​ 59,952 ​ — Interest rate swap asset (1) ​ 6,992 ​ — ​ 6,992 ​ — Interest rate swap liability (2) ​ (6,872) ​ — ​ (6,872) ​ — Risk participation agreement (2) ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2021 USING ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities (1) ​ $ 526 ​ $ 526 ​ $ — ​ $ — Available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Agency ​ 7,387 ​ — ​ 7,387 ​ — U.S. Agency mortgage-backed securities ​ ​ 80,167 ​ ​ — ​ ​ 80,167 ​ ​ — Municipal ​ 20,892 ​ — ​ 20,892 ​ — Corporate bonds ​ 54,725 ​ — ​ 54,725 ​ — Interest rate swap asset (1) ​ 1,226 ​ — ​ 1,226 ​ — Interest rate swap liability (2) ​ (1,226) ​ — ​ (1,226) ​ — Risk participation agreement (2) ​ — ​ — ​ — ​ — (1) Included within other assets on the Consolidated Balance Sheets. (2) Included within other liabilities on the Consolidated Balance Sheets.
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 DECEMBER 31, 2022 USING ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans ​ $ 1,583 ​ $ — ​ $ — ​ $ 1,583 Other real estate owned and repossessed assets ​ 39 ​ — ​ — ​ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2021 USING ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information About Level 3 Fair Value Measurements ​ ​ ​ ​ Valuation ​ Unobservable ​ ​ ​ December 31, 2022 Fair Value Techniques Input Range (Wgtd Avg) Impaired loans ​ $ 1,583 Appraisal of Appraisal 0% to 100% (0.2%) ​ ​ ​ ​ ​ ​ collateral (1) ​ adjustments (2) ​ ​ ​ Other real estate owned and repossessed assets ​ 39 Appraisal of Appraisal 52% (52%) ​ ​ ​ collateral (1) adjustments (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ Liquidation ​ 10% to 39% (11%) ​ ​ ​ ​ ​ ​ ​ ​ expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information About Level 3 Fair Value Measurements ​ ​ ​ ​ Valuation ​ Unobservable ​ ​ ​ December 31, 2021 Fair Value Techniques Input Range (Wgtd Avg) Impaired loans $ — Appraisal of Appraisal 100% (100%) ​ ​ ​ collateral (1) adjustments (2) ​ ​ (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.

DISCLOSURES ABOUT FAIR VALUE _3

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of estimated fair value and recorded carrying value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ ​ Fair Value ​ ​ (Level 1) ​ ​ (Level 2) ​ ​ (Level 3) ​ ​ ​ (IN THOUSANDS) FINANCIAL ASSETS: ​ ​ ​ ​ ​ Investment securities – HTM ​ $ 61,878 ​ $ 55,192 ​ $ — ​ $ 52,323 ​ $ 2,869 Loans held for sale ​ 59 ​ ​ 57 ​ ​ 57 ​ — ​ — Loans, net of allowance for loan loss and unearned income ​ 980,023 ​ ​ 938,188 ​ ​ — ​ — ​ 938,188 FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ Deposits with stated maturities ​ ​ 286,004 ​ ​ 281,297 ​ ​ — ​ ​ — ​ ​ 281,297 All other borrowings (1) ​ 46,409 ​ 44,759 ​ — ​ — ​ 44,759 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ Fair Value ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ ​ ​ (IN THOUSANDS) FINANCIAL ASSETS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities – HTM ​ $ 53,751 ​ $ 55,516 ​ $ — ​ $ 52,523 ​ $ 2,993 Loans held for sale ​ 983 ​ ​ 1,022 ​ ​ 1,022 ​ — ​ — Loans, net of allowance for loan loss and unearned income ​ 972,656 ​ ​ 969,681 ​ ​ — ​ — ​ 969,681 FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ Deposits with stated maturities ​ ​ 292,325 ​ ​ 294,280 ​ ​ — ​ ​ — ​ ​ 294,280 All other borrowings (1) ​ 69,256 ​ 69,506 ​ — ​ — ​ 69,506 (1) All other borrowings include advances from Federal Home Loan Bank and subordinated debt.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
INCOME TAXES
Schedule of expense for income taxes, includes both federal and applicable state corporate income taxes	The expense for income taxes is summarized below and includes both federal and applicable state corporate income taxes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) Current ​ $ 1,220 ​ $ 973 ​ $ (400) Deferred ​ 533 ​ 729 ​ 1,614 Income tax expense ​ $ 1,753 ​ $ 1,702 ​ $ 1,214 ​
Schedule of reconciliation between the federal statutory tax rate and the Company's effective consolidated income tax rate	The reconciliation between the federal statutory tax rate and the Company’s effective consolidated income tax rate is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2022 ​ 2021 ​ 2020 ​ AMOUNT RATE AMOUNT RATE AMOUNT RATE ​ ​ (IN THOUSANDS, EXCEPT PERCENTAGES) Income tax expense based on federal statutory rate ​ $ 1,932 21.0 % $ 1,843 21.0 % $ 1,221 21.0 % Tax exempt income ​ (244) (2.6) ​ (253) (2.9) ​ (188) (3.2) ​ Other ​ 65 0.7 ​ 112 1.3 ​ 181 3.1 ​ Total expense for income taxes ​ $ 1,753 19.1 % $ 1,702 19.4 % $ 1,214 20.9 % ​
Schedule of deferred tax assets and liabilities	The following table highlights the major components comprising the deferred tax assets and liabilities for each of the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) DEFERRED TAX ASSETS: ​ ​ ​ ​ Allowance for loan losses ​ $ 2,256 ​ $ 2,604 Unfunded commitment reserve ​ 157 ​ 208 Unrealized investment security losses ​ 3,971 ​ — Premises and equipment ​ 955 ​ 743 Lease liabilities ​ ​ 698 ​ ​ 752 Other ​ 185 ​ 175 Total tax assets ​ 8,222 ​ 4,482 DEFERRED TAX LIABILITIES: ​ ​ ​ ​ Investment accretion ​ (107) ​ (51) Unrealized investment security gains ​ ​ — ​ ​ (369) Lease right-of-use assets ​ ​ (639) ​ ​ (704) Accrued pension obligation ​ ​ (4,494) ​ ​ (4,098) Other ​ (193) ​ (194) Total tax liabilities ​ (5,433) ​ (5,416) Net deferred tax asset (liability) ​ $ 2,789 ​ $ (934) ​

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2022
EMPLOYEE BENEFIT PLANS
Schedule of pension benefits	PENSION BENEFITS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) CHANGE IN BENEFIT OBLIGATION: ​ ​ Benefit obligation at beginning of year ​ $ 50,287 ​ $ 54,861 Service cost ​ 1,419 ​ ​ 1,708 Interest cost ​ 1,462 ​ ​ 894 Actuarial (gain) loss ​ (9,787) ​ ​ 273 Settlements ​ (7,541) ​ ​ (6,516) Benefits paid ​ (934) ​ ​ (933) Benefit obligation at end of year ​ 34,906 ​ ​ 50,287 CHANGE IN PLAN ASSETS: ​ ​ Fair value of plan assets at beginning of year ​ 70,432 ​ ​ 58,447 Actual return on plan assets ​ (9,700) ​ ​ 11,434 Employer contributions ​ 4,000 ​ ​ 8,000 Settlements ​ (7,541) ​ ​ (6,516) Benefits paid ​ (934) ​ ​ (933) Fair value of plan assets at end of year ​ 56,257 ​ ​ 70,432 Funded status of the plan ​ $ 21,351 ​ $ 20,145
Schedule of amounts not yet recognized as a component of periodic pension cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) AMOUNTS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST: ​ ​ ​ Amounts recognized in accumulated other comprehensive loss consists of: ​ ​ ​ Net actuarial loss ​ $ 9,597 ​ $ 9,319 Total ​ $ 9,597 ​ $ 9,319
Schedule of accumulated benefit obligation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) ACCUMULATED BENEFIT OBLIGATION: ​ ​ Accumulated benefit obligation ​ $ 32,190 ​ $ 46,319 ​
Schedule of weighted-average assumptions used to determine benefit obligations	The weighted-average assumptions used to determine benefit obligations at December 31, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 WEIGHTED AVERAGE ASSUMPTIONS: ​ Discount rate 5.45 % 2.80 % Salary scale ​ ​ ​ ​ ​ Ages 30-34 ​ 5.00 ​ 2.50 ​ Ages 35-44 ​ 4.00 ​ 2.50 ​ Ages 45-54 ​ 3.00 ​ 2.50 ​ Ages 55+ 2.50 2.50 ​ ​
Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS ​ ​ ​ ​ Net loss (gain) ​ $ 4,106 ​ $ (7,153) ​ $ 968 Recognized loss ​ (3,828) ​ (4,157) ​ (2,453) Total recognized in other comprehensive loss before tax effect ​ $ 278 ​ $ (11,310) ​ $ (1,485) Total recognized in net benefit cost and other comprehensive loss before tax effect ​ $ 2,794 ​ $ (8,559) ​ $ 684 ​
Schedule of weighted-average assumptions used to determine net periodic benefit cost	The weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31, 2022, 2021 and 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 WEIGHTED AVERAGE ASSUMPTIONS: ​ Discount rate 2.81 % 2.48 % 3.20 % Expected return on plan assets 7.00 7.00 7.00 ​ Rate of compensation increase 2.50 2.50 2.50 ​ ​
Schedule of plan's asset allocations	The plan’s measurement date is December 31, 2022. This plan’s asset allocation at December 31, 2022 and 2021, by asset category are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ASSET CATEGORY: ​ Cash and cash equivalents 89.9 % 0.1 % Domestic equities 7.1 12.1 ​ Mutual funds/ETFs — 84.1 ​ International equities — 0.3 ​ Corporate bonds 3.0 3.4 ​ Total 100.0 % 100.0 % ​
Schedule of fair value of plan assets	The major categories of assets in the Company’s pension plan as of year-end are presented in the following table. Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) Level 1: ​ ​ Cash and cash equivalents ​ $ 50,553 ​ $ 56 Domestic equities ​ 4,026 ​ ​ 8,488 Mutual funds/ETFs ​ — ​ ​ 59,306 International equities ​ — ​ ​ 199 Level 2: ​ ​ ​ ​ ​ Corporate bonds ​ 1,678 ​ ​ 2,383 Total fair value of plan assets ​ $ 56,257 ​ $ 70,432 ​
Schedule of benefit payments	The following benefit payments, which reflect future service, as appropriate, are expected to be paid. ​ ​ ​ ​ ​ ​ ESTIMATED FUTURE YEAR: ​ BENEFIT PAYMENTS ​ ​ (IN THOUSANDS) 2023 ​ $ 3,422 2024 ​ 4,177 2025 ​ 3,934 2026 ​ 4,059 2027 ​ 3,534 Years 2028-2032 ​ 12,780 ​

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2022
STOCK COMPENSATION PLANS
Schedule of company's stock incentive plan	A summary of the status of the Company’s Equity Incentive Plan at December 31, 2022, 2021, and 2020, and changes during the years then ended is presented in the table and narrative following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2022 ​ 2021 ​ 2020 ​ ​ WEIGHTED ​ WEIGHTED ​ WEIGHTED ​ ​ ​ ​ AVERAGE ​ ​ ​ AVERAGE ​ ​ ​ AVERAGE ​ ​ SHARES ​ EXERCISE PRICE ​ SHARES ​ EXERCISE PRICE ​ SHARES ​ EXERCISE PRICE Outstanding at beginning of year ​ 369,047 ​ $ 3.47 ​ 230,913 ​ $ 3.14 ​ 296,648 ​ $ 3.02 Granted — ​ ​ — ​ 160,000 ​ ​ 3.84 — ​ ​ — Exercised (36,117) ​ ​ 2.96 ​ (21,356) ​ ​ 2.68 (38,235) ​ ​ 2.06 Forfeited (9,144) ​ ​ 3.62 ​ (510) ​ ​ 3.23 (27,500) ​ ​ 3.30 Outstanding at end of year 323,786 ​ ​ 3.52 ​ 369,047 ​ ​ 3.47 230,913 ​ ​ 3.14 Exercisable at end of year 223,784 ​ ​ 3.38 ​ 206,713 ​ ​ 3.18 224,580 ​ ​ 3.11 Weighted average fair value of options granted in current year ​ $ — ​ ​ $ 1.78 ​ $ — ​
Schedule of fair value assumptions of each option grant	The fair value of each option grant is estimated on the date of grant using the Binomial or Black-Scholes option pricing model with the following assumptions used for grants in 2021. No stock options were granted during 2022 and 2020. ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ PRICING MODEL ASSUMPTION RANGES 2021 Risk-free interest rate 1.27 - 1.42 % Expected lives in years 10 Expected volatility 40.38 - 45.03 % Expected dividend rate 2.60 - 2.61 % ​

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2022
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 periods ending December 31, 2022, 2021, and 2020 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDING DECEMBER 31, 2022 ​ YEAR ENDED DECEMBER 31, 2021 ​ YEAR ENDING DECEMBER 31, 2020 ​ Net ​ ​ ​ ​ Net ​ ​ ​ ​ Net ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ ​ AFS (1) ​ Items (1) ​ Total (1) ​ AFS (1) ​ Items (1) ​ Total (1) ​ AFS (1) ​ Items (1) ​ Total (1) Beginning balance ​ $ 1,386 ​ $ (7,898) ​ $ (6,512) ​ $ 3,539 ​ $ (16,737) ​ $ (13,198) ​ $ 1,715 ​ $ (17,886) ​ $ (16,171) Other comprehensive income (loss) before reclassifications ​ (16,324) ​ (2,708) ​ (19,032) ​ (2,087) ​ 5,555 ​ 3,468 ​ 1,824 ​ (789) ​ 1,035 Amounts reclassified from accumulated other comprehensive loss ​ — ​ 3,024 ​ 3,024 ​ (66) ​ 3,284 ​ 3,218 ​ — ​ 1,938 ​ 1,938 Net current period other comprehensive income (loss) ​ (16,324) ​ 316 ​ (16,008) ​ (2,153) ​ 8,839 ​ 6,686 ​ 1,824 ​ 1,149 ​ 2,973 Ending balance ​ $ (14,938) ​ $ (7,582) ​ $ (22,520) ​ $ 1,386 ​ $ (7,898) ​ $ (6,512) ​ $ 3,539 ​ $ (16,737) ​ $ (13,198) (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 periods ending December 31, 2022, 2021, and 2020 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount reclassified from accumulated ​ ​ ​ ​ other comprehensive loss (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Details about accumulated other ​ YEAR ENDING ​ YEAR ENDING ​ YEAR ENDING ​ Affected line item in the comprehensive loss components DECEMBER 31, 2022 DECEMBER 31, 2021 DECEMBER 31, 2020 statement of operations Realized gains on sale of securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ $ (84) ​ $ — ​ Net realized gains on investment securities ​ ​ ​ — ​ ​ 18 ​ ​ — ​ Provision for income taxes ​ ​ $ — ​ $ (66) ​ $ — ​ Amortization of estimated defined benefit pension plan loss (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,828 ​ $ 4,157 ​ $ 2,453 Other expense ​ ​ (804) ​ (873) ​ (515) Provision for income taxes ​ ​ $ 3,024 ​ $ 3,284 ​ $ 1,938 ​ Total reclassifications for the period ​ $ 3,024 ​ $ 3,218 ​ $ 1,938 ​ (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 17 for additional details) .

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
INTANGIBLE ASSETS
Schedule of Goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2022 ​ 2021 ​ (IN THOUSANDS) ​ GOODWILL ​ ​ ​ ​ ​ ​ Balance at beginning of year $ 13,611 ​ $ 11,944 ​ Goodwill acquired — ​ ​ 1,667 ​ Balance at end of year $ 13,611 ​ $ 13,611 ​ ​
Schedule of Finite-Lived Intangible Assets	​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2022 ​ 2021 ​ (IN THOUSANDS) ​ CORE DEPOSIT INTANGIBLE ​ ​ ​ ​ ​ ​ Balance at beginning of year $ 158 ​ $ — ​ Core deposit intangible acquired ​ — ​ ​ 177 ​ Amortization (30) ​ ​ (19) ​ Balance at end of year $ 128 ​ $ 158 ​ ​
Schedule of future amortization expense	As of December 31, 2022, the estimated future amortization expense for the core deposit intangible associated with the Riverview branch acquisition is as follows (in thousands): ​ ​ ​ ​ 2023 $ 27 2024 ​ 24 2025 21 2026 17 2027 14 After five years ​ 25 ​ $ 128

DERIVATIVE HEDGING INSTRUMENTS

DERIVATIVE HEDGING INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
DERIVATIVE HEDGING INSTRUMENTS
Schedule of interest rate swap transactions	The following table summarizes the interest rate swap transactions that impacted the Company’s 2022 and 2021 performance (in thousands, except percentages). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ INCREASE ​ ​ ​ ​ AGGREGATE ​ WEIGHTED ​ ​ ​ (DECREASE) ​ ​ ​ ​ NOTIONAL ​ AVERAGE RATE ​ REPRICING ​ IN INTEREST ​ ​ HEDGE TYPE ​ AMOUNT ​ RECEIVED/(PAID) ​ FREQUENCY ​ EXPENSE Swap assets N/A $ 65,431 4.23 % Monthly $ 21 Swap liabilities N/A ​ (65,431) (4.23) Monthly ​ (21) Net exposure ​ ​ — — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ INCREASE ​ ​ ​ ​ AGGREGATE ​ WEIGHTED ​ ​ ​ (DECREASE) ​ ​ ​ ​ NOTIONAL ​ AVERAGE RATE ​ REPRICING ​ IN INTEREST ​ ​ HEDGE TYPE ​ AMOUNT ​ RECEIVED/(PAID) ​ FREQUENCY ​ EXPENSE Swap assets N/A $ 67,280 2.59 % Monthly $ (857) Swap liabilities N/A ​ (67,280) (2.59) Monthly ​ 857 Net exposure ​ ​ — — ​ — ​

SEGMENT RESULTS (Tables)

SEGMENT RESULTS (Tables)	12 Months Ended
	Dec. 31, 2022
SEGMENT RESULTS
Schedule of business segments	The contribution of the major business segments to the Consolidated Statements of Operations were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2022 ​ ​ COMMUNITY ​ WEALTH ​ INVESTMENT/ ​ ​ ​ ​ ​ BANKING ​ MANAGEMENT ​ PARENT ​ TOTAL ​ ​ (IN THOUSANDS) Net interest income (expense) $ 46,135 $ 65 $ (5,637) $ 40,563 Provision for loan loss ​ 50 ​ — ​ — ​ 50 Non-interest income (loss) ​ 5,174 ​ 11,620 ​ (102) ​ 16,692 Non-interest expense ​ 36,216 ​ 8,834 ​ 2,954 ​ 48,004 Income (loss) before income taxes ​ 15,043 ​ 2,851 ​ (8,693) ​ 9,201 Income tax expense (benefit) ​ 2,638 ​ 688 ​ (1,573) ​ 1,753 Net income (loss) ​ $ 12,405 ​ $ 2,163 ​ $ (7,120) ​ $ 7,448 Total assets ​ $ 1,114,923 ​ $ 10,867 ​ $ 238,084 ​ $ 1,363,874 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2021 ​ ​ COMMUNITY ​ WEALTH ​ INVESTMENT/ ​ ​ ​ ​ ​ BANKING ​ MANAGEMENT ​ PARENT ​ TOTAL ​ ​ (IN THOUSANDS) Net interest income (expense) $ 45,934 $ 72 $ (6,923) $ 39,083 Provision for loan loss ​ 1,100 ​ — ​ — ​ 1,100 Non-interest income ​ 5,649 ​ 11,986 ​ 126 ​ 17,761 Non-interest expense ​ 35,636 ​ 8,349 ​ 2,985 ​ 46,970 Income (loss) before income taxes ​ 14,847 ​ 3,709 ​ (9,782) ​ 8,774 Income tax expense (benefit) ​ 2,797 ​ 841 ​ (1,936) ​ 1,702 Net income (loss) ​ $ 12,050 ​ $ 2,868 ​ $ (7,846) ​ $ 7,072 Total assets ​ $ 1,111,856 ​ $ 10,822 ​ $ 212,882 ​ $ 1,335,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2020 ​ ​ COMMUNITY ​ WEALTH ​ INVESTMENT/ ​ ​ ​ ​ ​ BANKING ​ MANAGEMENT ​ PARENT ​ TOTAL ​ ​ (IN THOUSANDS) Net interest income (expense) $ 42,862 $ 55 $ (6,550) $ 36,367 Provision for loan loss ​ 2,375 ​ — ​ — ​ 2,375 Non-interest income ​ 6,022 ​ 10,212 ​ 41 ​ 16,275 Non-interest expense ​ 34,136 ​ 7,683 ​ 2,636 ​ 44,455 Income (loss) before income taxes ​ 12,373 ​ 2,584 ​ (9,145) ​ 5,812 Income tax expense (benefit) ​ 2,303 ​ 598 ​ (1,687) ​ 1,214 Net income (loss) ​ $ 10,070 ​ $ 1,986 ​ $ (7,458) ​ $ 4,598 Total assets ​ $ 1,086,653 ​ $ 10,471 ​ $ 185,609 ​ $ 1,282,733

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2022
REGULATORY CAPITAL
Schedule of compliance with regulatory capital requirements under banking regulations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ $ 153,092 13.87 % $ 136,767 12.44 % 8.00 % 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) ​ 114,959 10.41 ​ 125,278 11.39 4.50 6.50 ​ Tier 1 Capital (To Risk Weighted Assets) ​ 114,959 10.41 ​ 125,278 11.39 6.00 8.00 ​ Tier 1 Capital (To Average Assets) ​ 114,959 8.52 ​ 125,278 9.39 4.00 5.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ $ 149,177 14.04 % $ 133,881 12.66 % 8.00 % 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) ​ 109,292 10.29 ​ 120,656 11.41 4.50 6.50 ​ Tier 1 Capital (To Risk Weighted Assets) ​ 109,292 10.29 ​ 120,656 11.41 6.00 8.00 ​ Tier 1 Capital (To Average Assets) ​ 109,292 8.17 ​ 120,656 9.12 4.00 5.00 ​ * Applies to the Bank only.

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
PARENT COMPANY FINANCIAL INFORMATION
Schedule of parent company information of balance sheets	BALANCE SHEETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2022 2021 ​ ​ (IN THOUSANDS) ASSETS ​ ​ Cash ​ $ 100 ​ $ 100 Short-term investments ​ 3,178 ​ 5,533 Cash and cash equivalents ​ ​ 3,278 ​ ​ 5,633 Investment securities available for sale ​ 6,334 ​ 3,692 Equity investment in banking subsidiary ​ 117,432 ​ 127,874 Equity investment in non-banking subsidiaries ​ 6,533 ​ 6,707 Other assets ​ 1,008 ​ 866 TOTAL ASSETS ​ $ 134,585 ​ $ 144,772 LIABILITIES ​ ​ Subordinated debt ​ $ 26,644 ​ $ 26,603 Other liabilities ​ 1,763 ​ 1,620 TOTAL LIABILITIES ​ 28,407 ​ 28,223 STOCKHOLDERS’ EQUITY ​ ​ Total stockholders’ equity ​ 106,178 ​ 116,549 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ​ $ 134,585 ​ $ 144,772 ​
Schedule of parent company information of statements of operations	STATEMENTS OF OPERATIONS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) INCOME ​ ​ ​ Inter-entity management and other fees ​ $ 2,566 ​ $ 2,520 ​ $ 2,708 Dividends from banking subsidiary ​ 4,000 ​ 2,000 ​ 2,000 Dividends from non-banking subsidiaries ​ 1,055 ​ 1,550 ​ 1,944 Interest, dividend and other income ​ 146 ​ 115 ​ 106 TOTAL INCOME ​ 7,767 ​ 6,185 ​ 6,758 EXPENSE ​ ​ ​ ​ ​ ​ Interest expense ​ 1,054 ​ 1,798 ​ 1,642 Salaries and employee benefits ​ 2,811 ​ 2,871 ​ 2,667 Other expense ​ 1,948 ​ 1,783 ​ 1,749 TOTAL EXPENSE ​ 5,813 ​ 6,452 ​ 6,058 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES ​ 1,954 ​ (267) ​ 700 Benefit for income taxes ​ (652) ​ (802) ​ (681) Equity in undistributed earnings of subsidiaries ​ 4,842 ​ 6,537 ​ 3,217 NET INCOME ​ $ 7,448 ​ $ 7,072 ​ $ 4,598 COMPREHENSIVE (LOSS) INCOME ​ $ (8,560) ​ $ 13,758 ​ $ 7,571 ​
Schedule of parent company information of statements of cash flows	STATEMENTS OF CASH FLOWS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2022 2021 2020 ​ ​ (IN THOUSANDS) OPERATING ACTIVITIES ​ ​ ​ Net income ​ $ 7,448 ​ $ 7,072 ​ $ 4,598 Adjustment to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ Equity in undistributed earnings of subsidiaries ​ (4,842) ​ (6,537) ​ (3,217) Stock compensation expense ​ 50 ​ 43 ​ 3 Other – net ​ 189 ​ 1,204 ​ (133) NET CASH PROVIDED BY OPERATING ACTIVITIES ​ 2,845 ​ 1,782 ​ 1,251 INVESTING ACTIVITIES ​ ​ ​ Purchase of investment securities – available for sale ​ (3,994) ​ (1,008) ​ (1,254) Proceeds from maturity and sales of investment securities – available for sale ​ 655 ​ 991 ​ 1,246 Capital contribution to banking subsidiary ​ — ​ (3,500) ​ — NET CASH USED IN INVESTING ACTIVITIES ​ (3,339) ​ (3,517) ​ (8) FINANCING ACTIVITIES ​ ​ ​ Redemption of guaranteed junior subordinated deferrable interest debentures ​ — ​ (12,018) ​ — Subordinated debt issuance, net ​ — ​ 26,589 ​ — Redemption of subordinated debt ​ — ​ (7,650) ​ — Stock options exercised ​ 106 ​ 57 ​ 78 Purchases of treasury stock ​ — ​ — ​ (151) Common stock dividends paid ​ (1,967) ​ (1,708) ​ (1,716) NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES ​ (1,861) ​ 5,270 ​ (1,789) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS ​ (2,355) ​ 3,535 ​ (546) CASH AND CASH EQUIVALENTS AT JANUARY 1 ​ 5,633 ​ 2,098 ​ 2,644 CASH AND CASH EQUIVALENTS AT DECEMBER 31 ​ $ 3,278 ​ $ 5,633 ​ $ 2,098 ​

SELECTED QUARTERLY CONSOLIDAT_2

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2022
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)
Schedule of quarterly consolidated financial data	The following table sets forth certain unaudited quarterly consolidated financial data regarding the Company: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 QUARTER ENDED ​ DEC. 31 SEPT. 30 JUNE 30 MARCH 31 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income ​ $ 13,803 ​ $ 12,700 ​ $ 11,527 ​ $ 11,028 Interest expense ​ 3,660 ​ 2,171 ​ 1,403 ​ 1,261 Net interest income ​ 10,143 ​ 10,529 ​ 10,124 ​ 9,767 Provision (credit) for loan losses ​ 275 ​ 500 ​ (325) ​ (400) Net interest income after provision (credit) for loan losses ​ 9,868 ​ 10,029 ​ 10,449 ​ 10,167 Non-interest income ​ 3,893 ​ 4,326 ​ 4,138 ​ 4,335 Non-interest expense ​ 12,688 ​ 11,727 ​ 12,110 ​ 11,479 Income before income taxes ​ 1,073 ​ 2,628 ​ 2,477 ​ 3,023 Provision for income taxes ​ 126 ​ 526 ​ 496 ​ 605 Net income ​ $ 947 ​ $ 2,102 ​ $ 1,981 ​ $ 2,418 Basic earnings per common share ​ $ 0.06 ​ $ 0.12 ​ $ 0.12 ​ $ 0.14 Diluted earnings per common share ​ 0.06 ​ 0.12 ​ 0.12 ​ 0.14 Cash dividends declared per common share ​ 0.030 ​ 0.030 ​ 0.030 ​ 0.025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 QUARTER ENDED ​ DEC. 31 SEPT. 30 JUNE 30 MARCH 31 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income ​ $ 11,690 ​ $ 11,372 ​ $ 11,838 ​ $ 11,769 Interest expense ​ 1,392 ​ 2,146 ​ 1,971 ​ 2,077 Net interest income ​ 10,298 ​ 9,226 ​ 9,867 ​ 9,692 Provision for loan losses ​ 250 ​ 350 ​ 100 ​ 400 Net interest income after provision for loan losses ​ 10,048 ​ 8,876 ​ 9,767 ​ 9,292 Non-interest income ​ 4,332 ​ 4,416 ​ 4,399 ​ 4,614 Non-interest expense ​ 12,107 ​ 11,520 ​ 12,038 ​ 11,305 Income before income taxes ​ 2,273 ​ 1,772 ​ 2,128 ​ 2,601 Provision for income taxes ​ 421 ​ 341 ​ 420 ​ 520 Net income ​ $ 1,852 ​ $ 1,431 ​ $ 1,708 ​ $ 2,081 Basic earnings per common share ​ $ 0.11 ​ $ 0.08 ​ $ 0.10 ​ $ 0.12 Diluted earnings per common share ​ 0.11 ​ 0.08 ​ 0.10 ​ 0.12 Cash dividends declared per common share ​ 0.025 ​ 0.025 ​ 0.025 ​ 0.025

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Computation of diluted earnings per common share (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares	Sep. 30, 2022 USD ($) $ / shares	Jun. 30, 2022 USD ($) $ / shares	Mar. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares	Sep. 30, 2021 USD ($) $ / shares	Jun. 30, 2021 USD ($) $ / shares	Mar. 31, 2021 USD ($) $ / shares	Dec. 31, 2022 USD ($) location $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of locations in Pennsylvania | location									16
Number of locations in state Maryland | location									1
Numerator:
Net income | $	$ 947	$ 2,102	$ 1,981	$ 2,418	$ 1,852	$ 1,431	$ 1,708	$ 2,081	$ 7,448	$ 7,072	$ 4,598
Denominator:
Weighted average common shares outstanding (basic)									17,107	17,073	17,053
Effect of stock options									39	41	10
Weighted average common shares outstanding (diluted)									17,146	17,114	17,063
Earnings per common share:
Basic | $ / shares	$ 0.06	$ 0.12	$ 0.12	$ 0.14	$ 0.11	$ 0.08	$ 0.10	$ 0.12	$ 0.44	$ 0.41	$ 0.27
Diluted | $ / shares	$ 0.06	$ 0.12	$ 0.12	$ 0.14	$ 0.11	$ 0.08	$ 0.10	$ 0.12	$ 0.43	$ 0.41	$ 0.27

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Non-cash assets acquired and Liabilities Assumed (Details) - Riverview Bank $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Non-cash assets acquired
Loans	$ 36
Other premises and equipment, net	158
Intangible assets	1,844
Total non-cash assets acquired	2,038
Non-cash liabilities assumed
Non-interest bearing deposits	(7,372)
Interest bearing deposits	(35,060)
Other liabilities	(37)
Total liabilities assumed	(42,469)
Net non-cash liabilities assumed	$ (40,431)

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) item $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) lease $ / shares shares
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of Stores	17
Number of locations in Southwestern Pennsylvania Counties | item	5
Assets under Management, Carrying Amount	$ 2,300,000,000
Federal Home Loan Bank Stock Par Value | $ / shares	$ 100
Threshold Period Past Due for Write-off of Financing Receivable	90 days
Description Of Accounting Treatment For Short Term Operating Lease	As of December 31, 2022, the Company had one short-term lease for an office location compared to no short-term leases as of December 31, 2021.
Financing Receivable, Individually Evaluated for Impairment	$ 3,575,000	$ 2,170,000
Financing receivable, recorded investment	$ 983,185,000	$ 977,589,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	22,000	22,000	139,759
Income Taxes Paid	$ 1,100,000	$ 200,000	$ 315,000
Real Estate Owned, Transfer from Real Estate Owned	53,000	8,000	40,000
Operating Lease, Right-of-Use Asset	630,000	667,000
Operating Lease, Liability	643,000	682,000
Finance Lease, Right-of-Use Asset	2,413,000	2,684,000
Finance Lease, Liability	2,680,000	2,899,000
Cumulative effect adjustment for change in accounting principal	65,486,000	60,005,000
Total interest payments	8,450,000	8,049,000	$ 11,040,000
Deposits	4,132,000	10,942,000
Financing Receivables 30To 59Days Past Due Member
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financing receivable, recorded investment	5,479,000	4,649,000
Financing Receivables Equal To Greater Than 90Days Past Due Member
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financing receivable, recorded investment	1,279,000	1,129,000
Financing Receivables 60To 89Days Past Due Member
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financing receivable, recorded investment	$ 823,000	$ 1,687,000
Core Deposits Intangibles
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Finite-lived intangible asset useful life	10 years
Minimum
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Price Of Anti Dilutive Option Amount | $ / shares	$ 4	$ 4	$ 3.18
Maximum
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Price Of Anti Dilutive Option Amount | $ / shares	$ 4.22	$ 4.22	$ 4.22
Commercial
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Minimum aggregate balances for commercial loan relationship under structure loan rating process	$ 1,000,000
Small Business Loans | Maximum
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financing receivable, recorded investment	250,000
Consumer and Residential Mortgage Loans | Minimum
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financing Receivable, Individually Evaluated for Impairment	$ 150,000
Premises
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Property, Plant and Equipment, Useful Life	30 years
Equipment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Property, Plant and Equipment, Useful Life	10 years
New Finance Leased Assets
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of financing leases | lease			2
Number of financing leases relating to office equipment | lease			1
Finance Lease, Right-of-Use Asset	$ 45,000		$ 149,000
Finance Lease, Liability	$ 45,000		$ 149,000

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for loan losses	$ 10,743,000	$ 12,398,000	$ 11,345,000	$ 9,279,000
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment | Maximum
Allowance for loan losses	12,200,000
Debt securities, Allowance for credit losses	150,000
ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment | Minimum
Allowance for loan losses	11,800,000
Debt securities, Allowance for credit losses	$ 50,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Non-interest income (in-scope of Topic 606)									$ 14,737	$ 14,968	$ 12,823
Non-interest income (out-of-scope of topic 606)									1,955	2,793	3,452
Total non-interest income	$ 3,893	$ 4,326	$ 4,138	$ 4,335	$ 4,332	$ 4,416	$ 4,399	$ 4,614	16,692	17,761	16,275
Wealth management fees
Non-interest income (in-scope of Topic 606)									11,620	11,986	10,212
Service charges on deposit accounts
Non-interest income (in-scope of Topic 606)									1,108	965	903
Other
Non-interest income (in-scope of Topic 606)									$ 2,009	$ 2,017	$ 1,708

REVENUE RECOGNITION - Additiona

REVENUE RECOGNITION - Additional information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Percentage of entity revenue	77.60%
Other assets.
Wealth management fees receivable	$ 850,000

CASH AND DUE FROM DEPOSITORY _2

CASH AND DUE FROM DEPOSITORY INSTITUTIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Mar. 26, 2020
CASH AND DUE FROM DEPOSITORY INSTITUTIONS
Restricted cash and cash equivalents			$ 0
Cash and due from depository institutions	$ 18,830	$ 24,748

INVESTMENT SECURITIES - Cost ba

INVESTMENT SECURITIES - Cost basis and fair values of investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	$ 198,417	$ 161,416
Investment securities available for sale, Gross Unrealized Gains	95	3,167
Investment securities available for sale, Gross Unrealized Losses	(19,004)	(1,412)
Available for Sale, Fair Value, Total	179,508	163,171
Investment securities held to maturity, Cost Basis	61,878	53,751
Investment securities held to maturity, Gross Unrealized Gains	10	2,001
Investment securities held to maturity, Gross Unrealized Losses	(6,696)	(236)
Held to Maturity, Fair Value, Total	55,192	55,516
U.S. Agency
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	11,797	7,371
Investment securities available for sale, Gross Unrealized Gains	1	86
Investment securities available for sale, Gross Unrealized Losses	(1,265)	(70)
Available for Sale, Fair Value, Total	10,533	7,387
Investment securities held to maturity, Cost Basis	2,500	2,500
Investment securities held to maturity, Gross Unrealized Losses	(432)	(11)
Held to Maturity, Fair Value, Total	2,068	2,489
U.S. Agency mortgage-backed securities
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	102,631	80,136
Investment securities available for sale, Gross Unrealized Gains	64	1,202
Investment securities available for sale, Gross Unrealized Losses	(12,710)	(1,171)
Available for Sale, Fair Value, Total	89,985	80,167
Investment securities held to maturity, Cost Basis	18,877	10,556
Investment securities held to maturity, Gross Unrealized Gains	8	203
Investment securities held to maturity, Gross Unrealized Losses	(2,212)	(115)
Held to Maturity, Fair Value, Total	16,673	10,644
Municipal
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	20,837	20,066
Investment securities available for sale, Gross Unrealized Gains		851
Investment securities available for sale, Gross Unrealized Losses	(1,799)	(25)
Available for Sale, Fair Value, Total	19,038	20,892
Investment securities held to maturity, Cost Basis	33,993	33,188
Investment securities held to maturity, Gross Unrealized Gains	2	1,734
Investment securities held to maturity, Gross Unrealized Losses	(3,880)	(103)
Held to Maturity, Fair Value, Total	30,115	34,819
Corporate bonds.
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	63,152	53,843
Investment securities available for sale, Gross Unrealized Gains	30	1,028
Investment securities available for sale, Gross Unrealized Losses	(3,230)	(146)
Available for Sale, Fair Value, Total	59,952	54,725
Corporate bonds and other securities
Information concerning investments with unrealized gains and losses
Investment securities held to maturity, Cost Basis	6,508	7,507
Investment securities held to maturity, Gross Unrealized Gains		64
Investment securities held to maturity, Gross Unrealized Losses	(172)	(7)
Held to Maturity, Fair Value, Total	$ 6,336	$ 7,564

INVESTMENT SECURITIES - Informa

INVESTMENT SECURITIES - Information concerning investments with unrealized losses (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	$ 139,363	$ 75,231
Less than 12 months, Unrealized Losses	(9,404)	(1,273)
12 months or longer, Fair Value	78,932	9,130
12 months and longer, Unrealized Losses	(16,296)	(375)
Total, Fair Value	218,295	84,361
Total, Unrealized Losses	(25,700)	(1,648)
U.S. Agency
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	5,446	7,419
Less than 12 months, Unrealized Losses	(350)	(81)
12 months or longer, Fair Value	6,653
12 months and longer, Unrealized Losses	(1,347)
Total, Fair Value	12,099	7,419
Total, Unrealized Losses	(1,697)	(81)
U.S. Agency mortgage-backed securities
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	57,193	45,422
Less than 12 months, Unrealized Losses	(4,018)	(972)
12 months or longer, Fair Value	44,083	6,691
12 months and longer, Unrealized Losses	(10,904)	(314)
Total, Fair Value	101,276	52,113
Total, Unrealized Losses	(14,922)	(1,286)
Municipal
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	37,175	7,832
Less than 12 months, Unrealized Losses	(3,113)	(128)
12 months or longer, Fair Value	11,475
12 months and longer, Unrealized Losses	(2,566)
Total, Fair Value	48,650	7,832
Total, Unrealized Losses	(5,679)	(128)
Corporate bonds and other securities
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	39,549	14,558
Less than 12 months, Unrealized Losses	(1,923)	(92)
12 months or longer, Fair Value	16,721	2,439
12 months and longer, Unrealized Losses	(1,479)	(61)
Total, Fair Value	56,270	16,997
Total, Unrealized Losses	$ (3,402)	$ (153)

INVESTMENT SECURITIES - Total i

INVESTMENT SECURITIES - Total investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	$ 7,065
Available for Sale, Cost Basis, After 1 year but within 5 years	44,344
Available for Sale, Cost Basis, After 5 years but within 10 years	49,274
Available for Sale, Cost Basis, Over 10 years	97,734
Available for Sale, Cost Basis, Total	198,417	$ 161,416
Available for Sale, Fair Value, Within 1 year	7,015
Available for Sale, Fair Value, After 1 year but within 5 years	42,490
Available for Sale, Fair Value, After 5 years but within 10 years	44,796
Available for Sale, Fair Value, Over 10 years	85,207
Available for Sale, Fair Value, Total	179,508	163,171
Held to Maturity, Cost Basis, Within 1 year	2,425
Held to Maturity, Cost Basis, After 1 year but within 5 years	12,894
Held to Maturity, Cost Basis, After 5 years but within 10 years	25,127
Held to Maturity, Cost Basis, Over 10 years	21,432
Held to Maturity, Cost Basis, Total	61,878	53,751
Held to Maturity, Fair Value, Within 1 year	2,361
Held to Maturity, Fair Value, After 1 year but within 5 years	12,291
Held to Maturity, Fair Value, After 5 years but within 10 years	21,897
Held to Maturity, Fair Value, Over 10 years	18,643
Held to Maturity, Fair Value, Total	55,192	55,516
Municipal
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	1,065
Available for Sale, Cost Basis, After 1 year but within 5 years	12,538
Available for Sale, Cost Basis, After 5 years but within 10 years	7,234
Available for Sale, Cost Basis, Total	20,837	20,066
Available for Sale, Fair Value, Within 1 year	1,045
Available for Sale, Fair Value, After 1 year but within 5 years	11,873
Available for Sale, Fair Value, After 5 years but within 10 years	6,120
Available for Sale, Fair Value, Total	19,038	20,892
Held to Maturity, Cost Basis, Within 1 year	425
Held to Maturity, Cost Basis, After 1 year but within 5 years	8,874
Held to Maturity, Cost Basis, After 5 years but within 10 years	21,315
Held to Maturity, Cost Basis, Over 10 years	3,379
Held to Maturity, Cost Basis, Total	33,993	33,188
Held to Maturity, Fair Value, Within 1 year	419
Held to Maturity, Fair Value, After 1 year but within 5 years	8,411
Held to Maturity, Fair Value, After 5 years but within 10 years	18,550
Held to Maturity, Fair Value, Over 10 years	2,735
Held to Maturity, Fair Value, Total	30,115	34,819
Corporate bonds.
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	6,000
Available for Sale, Cost Basis, After 1 year but within 5 years	26,039
Available for Sale, Cost Basis, After 5 years but within 10 years	30,463
Available for Sale, Cost Basis, Over 10 years	650
Available for Sale, Cost Basis, Total	63,152	53,843
Available for Sale, Fair Value, Within 1 year	5,970
Available for Sale, Fair Value, After 1 year but within 5 years	25,084
Available for Sale, Fair Value, After 5 years but within 10 years	28,364
Available for Sale, Fair Value, Over 10 years	534
Available for Sale, Fair Value, Total	59,952	54,725
Corporate bonds and other securities
Contractual maturities of securities
Held to Maturity, Cost Basis, Within 1 year	2,000
Held to Maturity, Cost Basis, After 1 year but within 5 years	3,015
Held to Maturity, Cost Basis, After 5 years but within 10 years	500
Held to Maturity, Cost Basis, Over 10 years	993
Held to Maturity, Cost Basis, Total	6,508	7,507
Held to Maturity, Fair Value, Within 1 year	1,942
Held to Maturity, Fair Value, After 1 year but within 5 years	2,901
Held to Maturity, Fair Value, After 5 years but within 10 years	500
Held to Maturity, Fair Value, Over 10 years	993
Held to Maturity, Fair Value, Total	6,336	7,564
U.S. Agency
Contractual maturities of securities
Available for Sale, Cost Basis, After 1 year but within 5 years	4,279
Available for Sale, Cost Basis, After 5 years but within 10 years	6,000
Available for Sale, Cost Basis, Over 10 years	1,518
Available for Sale, Cost Basis, Total	11,797	7,371
Available for Sale, Fair Value, After 1 year but within 5 years	4,102
Available for Sale, Fair Value, After 5 years but within 10 years	5,048
Available for Sale, Fair Value, Over 10 years	1,383
Available for Sale, Fair Value, Total	10,533	7,387
Held to Maturity, Cost Basis, After 5 years but within 10 years	2,500
Held to Maturity, Cost Basis, Total	2,500	2,500
Held to Maturity, Fair Value, After 5 years but within 10 years	2,068
Held to Maturity, Fair Value, Total	2,068	2,489
U.S. Agency mortgage-backed securities
Contractual maturities of securities
Available for Sale, Cost Basis, After 1 year but within 5 years	1,488
Available for Sale, Cost Basis, After 5 years but within 10 years	5,577
Available for Sale, Cost Basis, Over 10 years	95,566
Available for Sale, Cost Basis, Total	102,631	80,136
Available for Sale, Fair Value, After 1 year but within 5 years	1,431
Available for Sale, Fair Value, After 5 years but within 10 years	5,264
Available for Sale, Fair Value, Over 10 years	83,290
Available for Sale, Fair Value, Total	89,985	80,167
Held to Maturity, Cost Basis, After 1 year but within 5 years	1,005
Held to Maturity, Cost Basis, After 5 years but within 10 years	812
Held to Maturity, Cost Basis, Over 10 years	17,060
Held to Maturity, Cost Basis, Total	18,877	10,556
Held to Maturity, Fair Value, After 1 year but within 5 years	979
Held to Maturity, Fair Value, After 5 years but within 10 years	779
Held to Maturity, Fair Value, Over 10 years	14,915
Held to Maturity, Fair Value, Total	$ 16,673	$ 10,644

IINVESTMENT SECURITIES - Additi

IINVESTMENT SECURITIES - Additional information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) position	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($) item
INVESTMENT SECURITIES
Gross investment losses	$ 5,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0	$ 18,000	$ (66,000)
Investment Securities:
Proceeds from sales of investment securities - available for sale	1,519,000	960,000
Gross investment gains	5,000	84,000
Gross investment losses	5,000
Book value of securities available for sale and held to maturity	$ 134,002,000	122,574,000
Number of positions | position	426
Premium percentage on mortgage backed securities purchased	100.90%
Consolidated investment securities portfolio modified, years	4 years 8 months 1 day
Number of investment | item			0
Realized gain on equity securities		36,000	$ 2,000
Unrealized gain on equity securities		7,000	3,000
Available-for-sale Securities, Equity Securities	$ 502,000	$ 526,000
Realized loss on equity securities	9,000
Unrealized loss on equity securities	$ 13,000
U.S. Agency
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term	5 years 7 months 13 days
Weighted Average Expected Maturity For Held To Maturity Securities	7 years 6 months 25 days
U.S. Agency mortgage-backed securities
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term	6 years 11 months 26 days
Weighted Average Expected Maturity For Held To Maturity Securities	7 years 4 months 20 days
Corporate bonds.
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term	4 years 2 months 4 days
Weighted Average Expected Maturity For Held To Maturity Securities	2 years 11 months 19 days
Municipal
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term	4 years 21 days
Weighted Average Expected Maturity For Held To Maturity Securities	5 years 4 months 13 days
Standard & Poor's, AAA Rating
INVESTMENT SECURITIES
Portfolio rated	52.50%	47.10%
Securities rated below A
INVESTMENT SECURITIES
Portfolio rated	14.70%
Deferred Compensation, Share-based Payments | Assets Held With Rabbi Trust
Investment Securities:
Available-for-sale Securities, Equity Securities	$ 502,000	$ 526,000	$ 443,000

LOANS - Loan Portfolio (Details

LOANS - Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
LOANS
Loans, net of unearned income	$ 990,766	$ 985,054
Commercial and industrial
LOANS
Loans, net of unearned income	153,398	134,182
Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	22	17,311
Commercial loans secured by owner occupied real estate
LOANS
Loans, net of unearned income	75,158	99,644
Commercial loans secured by non-owner occupied real estate
LOANS
Loans, net of unearned income	450,744	430,825
Real estate - residential mortgage
LOANS
Loans, net of unearned income	297,971	287,996
CONSUMER
LOANS
Loans, net of unearned income	13,473	15,096
Commercial
LOANS
Loans, net of unearned income	679,322	681,962
Commercial | Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income		17,311
Commercial | Commercial and industrial
LOANS
Loans, net of unearned income	153,398	134,182
Commercial | Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	22	17,311
Commercial | Commercial loans secured by owner occupied real estate
LOANS
Loans, net of unearned income	75,158	99,644
Commercial | Commercial loans secured by non-owner occupied real estate
LOANS
Loans, net of unearned income	450,744	430,825
Consumer. | Real estate - residential mortgage
LOANS
Loans, net of unearned income	297,971	287,996
Consumer. | CONSUMER
LOANS
Loans, net of unearned income	$ 13,473	$ 15,096

LOANS - Commercial real estate

LOANS - Commercial real estate loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
LOANS
Loans, net of unearned income	$ 990,766	$ 985,054
1-4 unit residential
LOANS
Loans, net of unearned income	7,690	9,907
Multifamily/apartments/student housing
LOANS
Loans, net of unearned income	83,098	74,157
Office
LOANS
Loans, net of unearned income	76,162	74,733
Retail
LOANS
Loans, net of unearned income	171,151	176,804
Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	171,196	146,232
Hotels
LOANS
Loans, net of unearned income	36,214	44,343
Eating and drinking places
LOANS
Loans, net of unearned income	6,227	13,364
Personal care
LOANS
Loans, net of unearned income	3,528	5,685
Amusement and recreation
LOANS
Loans, net of unearned income	3,292	5,559
Mixed use
LOANS
Loans, net of unearned income	55,490	66,119
Other.
LOANS
Loans, net of unearned income	65,274	65,059
Commercial and industrial
LOANS
Loans, net of unearned income	153,398	134,182
Commercial and industrial | 1-4 unit residential
LOANS
Loans, net of unearned income		1,246
Commercial and industrial | Office
LOANS
Loans, net of unearned income	44,959	37,386
Commercial and industrial | Retail
LOANS
Loans, net of unearned income	6,478	7,253
Commercial and industrial | Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	82,540	74,508
Commercial and industrial | Hotels
LOANS
Loans, net of unearned income		154
Commercial and industrial | Eating and drinking places
LOANS
Loans, net of unearned income	276	484
Commercial and industrial | Personal care
LOANS
Loans, net of unearned income	881	1,197
Commercial and industrial | Amusement and recreation
LOANS
Loans, net of unearned income	66	92
Commercial and industrial | Other.
LOANS
Loans, net of unearned income	18,198	11,862
Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	22	17,311
Paycheck Protection Program (PPP) | Office
LOANS
Loans, net of unearned income		203
Paycheck Protection Program (PPP) | Retail
LOANS
Loans, net of unearned income		444
Paycheck Protection Program (PPP) | Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income		5,940
Paycheck Protection Program (PPP) | Hotels
LOANS
Loans, net of unearned income		1,764
Paycheck Protection Program (PPP) | Eating and drinking places
LOANS
Loans, net of unearned income	22	6,591
Paycheck Protection Program (PPP) | Personal care
LOANS
Loans, net of unearned income		173
Paycheck Protection Program (PPP) | Amusement and recreation
LOANS
Loans, net of unearned income		53
Paycheck Protection Program (PPP) | Other.
LOANS
Loans, net of unearned income		2,143
Commercial loans secured by owner occupied real estate
LOANS
Loans, net of unearned income	75,158	99,644
Commercial loans secured by owner occupied real estate | 1-4 unit residential
LOANS
Loans, net of unearned income		96
Commercial loans secured by owner occupied real estate | Multifamily/apartments/student housing
LOANS
Loans, net of unearned income	65	245
Commercial loans secured by owner occupied real estate | Office
LOANS
Loans, net of unearned income	7,428	8,644
Commercial loans secured by owner occupied real estate | Retail
LOANS
Loans, net of unearned income	17,072	20,439
Commercial loans secured by owner occupied real estate | Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	11,016	21,468
Commercial loans secured by owner occupied real estate | Eating and drinking places
LOANS
Loans, net of unearned income	4,575	4,537
Commercial loans secured by owner occupied real estate | Amusement and recreation
LOANS
Loans, net of unearned income	3,223	5,402
Commercial loans secured by owner occupied real estate | Mixed use
LOANS
Loans, net of unearned income	4,268	4,031
Commercial loans secured by owner occupied real estate | Other.
LOANS
Loans, net of unearned income	27,511	34,782
Commercial loans secured by non-owner occupied real estate
LOANS
Loans, net of unearned income	450,744	430,825
Commercial loans secured by non-owner occupied real estate | 1-4 unit residential
LOANS
Loans, net of unearned income	7,690	8,565
Commercial loans secured by non-owner occupied real estate | Multifamily/apartments/student housing
LOANS
Loans, net of unearned income	83,033	73,912
Commercial loans secured by non-owner occupied real estate | Office
LOANS
Loans, net of unearned income	23,775	28,500
Commercial loans secured by non-owner occupied real estate | Retail
LOANS
Loans, net of unearned income	147,601	148,668
Commercial loans secured by non-owner occupied real estate | Industrial/manufacturing/warehouse
LOANS
Loans, net of unearned income	77,640	44,316
Commercial loans secured by non-owner occupied real estate | Hotels
LOANS
Loans, net of unearned income	36,214	42,425
Commercial loans secured by non-owner occupied real estate | Eating and drinking places
LOANS
Loans, net of unearned income	1,354	1,752
Commercial loans secured by non-owner occupied real estate | Personal care
LOANS
Loans, net of unearned income	2,647	4,315
Commercial loans secured by non-owner occupied real estate | Amusement and recreation
LOANS
Loans, net of unearned income	3	12
Commercial loans secured by non-owner occupied real estate | Mixed use
LOANS
Loans, net of unearned income	51,222	62,088
Commercial loans secured by non-owner occupied real estate | Other.
LOANS
Loans, net of unearned income	19,565	16,272
Commercial
LOANS
Loans, net of unearned income	679,322	681,962
Commercial
LOANS
Loans, net of unearned income	679,322	681,962
Commercial | Commercial and industrial
LOANS
Loans, net of unearned income	153,398	134,182
Commercial | Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income	22	17,311
Commercial | Commercial loans secured by owner occupied real estate
LOANS
Loans, net of unearned income	75,158	99,644
Commercial | Commercial loans secured by non-owner occupied real estate
LOANS
Loans, net of unearned income	$ 450,744	$ 430,825

LOANS - Additional information

LOANS - Additional information (Details)		12 Months Ended
	Mar. 27, 2020 USD ($) item	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) loan
LOANS
Real estate-construction loans, percentage		4.70%	5.60%
Loan balances net of unearned income		$ 343,000	$ 826,000
Loans and Leases Receivable, Related Parties		587,000	601,000
Loans, net of unearned income		990,766,000	985,054,000
Unrecognized fee income from the PPP loans originations		$ 0	$ 386,000
Paycheck Protection Program (PPP)
LOANS
Number of times of average monthly payroll costs | item	2.5
Loan amount	$ 10,000,000
Interest rate	1%
Percentage of guarantee by SBA	100%
Percentage of loan proceeds used for payroll expenses	60%
Loans Receivable, Number Of Applications Received		1	114
Loans Receivable, Excess Of Loan Application Received		$ 22,000	$ 17,300,000
Fee Income from Loans		$ 434,000	$ 2,300,000
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 ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	$ 12,398,000	$ 11,345,000	$ 9,279,000
Charge-Offs	(1,849,000)	(294,000)	(487,000)
Recoveries	144,000	247,000	178,000
Provision (Credit)	50,000	1,100,000	2,375,000
Balance at End of Period	10,743,000	12,398,000	11,345,000
Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	3,071,000
Charge-Offs	(97,000)
Recoveries	4,000
Provision (Credit)	(325,000)
Balance at End of Period	2,653,000	3,071,000
Commercial loans secured by non-owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	6,392,000
Charge-Offs	(1,390,000)
Recoveries	54,000
Provision (Credit)	916,000
Balance at End of Period	5,972,000	6,392,000
Commercial loans secured by non-owner occupied real estate | COVID 19
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)	916,000	968,000	2,200,000
Real estate - residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	1,590,000
Charge-Offs	(28,000)
Recoveries	19,000
Provision (Credit)	(201,000)
Balance at End of Period	1,380,000	1,590,000
CONSUMER
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	113,000
Charge-Offs	(334,000)
Recoveries	67,000
Provision (Credit)	239,000
Balance at End of Period	85,000	113,000
Allocation for general risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	1,232,000	1,093,000	924,000
Charge-Offs	0
Recoveries	0
Provision (Credit)	(579,000)	139,000	169,000
Balance at End of Period	653,000	1,232,000	1,093,000
Commercial | COVID 19
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)	325,000	(344,000)	(372,000)
Commercial | Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	3,071,000	3,472,000	3,951,000
Charge-Offs		(146,000)	(111,000)
Recoveries		89,000	4,000
Provision (Credit)		(344,000)	(372,000)
Balance at End of Period	2,653,000	3,071,000	3,472,000
Commercial | Commercial loans secured by non-owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	6,392,000	5,373,000	3,119,000
Recoveries		51,000	44,000
Provision (Credit)		968,000	2,210,000
Balance at End of Period	5,972,000	6,392,000	5,373,000
Consumer. | Real estate - residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	1,590,000	1,292,000	1,159,000
Charge-Offs		(17,000)	(233,000)
Recoveries		49,000	62,000
Provision (Credit)		266,000	304,000
Balance at End of Period	1,380,000	1,590,000	1,292,000
Consumer. | CONSUMER
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	113,000	115,000	126,000
Charge-Offs		(131,000)	(143,000)
Recoveries		58,000	68,000
Provision (Credit)		71,000	64,000
Balance at End of Period	$ 85,000	$ 113,000	$ 115,000

ALLOWANCE FOR LOAN LOSSES - L_2

ALLOWANCE FOR LOAN LOSSES - Loan loss by the primary segments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans:
Individually evaluated for impairment	$ 3,575	$ 2,170
Collectively evaluated for impairment	987,191	982,884
Total loans	990,766	985,054
Allowance for loan losses:
Specific reserve allocation	523	633
General reserve allocation	10,220	11,765
Total allowance for loan losses	10,743	12,398	$ 11,345	$ 9,279
Commercial.
Loans:
Individually evaluated for impairment		2,165
Collectively evaluated for impairment		248,972
Total loans		251,137
Allowance for loan losses:
Total allowance for loan losses	2,653	3,071
Commercial loans secured by non-owner occupied real estate
Loans:
Individually evaluated for impairment		5
Collectively evaluated for impairment		430,820
Total loans	450,744	430,825
Allowance for loan losses:
Total allowance for loan losses	5,972	6,392
Real estate - residential mortgage
Loans:
Individually evaluated for impairment		0
Collectively evaluated for impairment		287,996
Total loans	297,971	287,996
Allowance for loan losses:
Total allowance for loan losses	1,380	1,590
CONSUMER
Loans:
Individually evaluated for impairment		0
Collectively evaluated for impairment		15,096
Total loans	13,473	15,096
Allowance for loan losses:
Total allowance for loan losses	85	113
Allocation for general risk
Allowance for loan losses:
Specific reserve allocation	0	0
General reserve allocation	653	1,232
Total allowance for loan losses	653	1,232	1,093	924
Commercial
Loans:
Total loans	679,322	681,962
Commercial | Commercial.
Loans:
Individually evaluated for impairment	1,989
Collectively evaluated for impairment	226,589
Total loans	228,578
Allowance for loan losses:
Specific reserve allocation	520	628
General reserve allocation	2,133	2,443
Total allowance for loan losses	2,653	3,071	3,472	3,951
Commercial | Commercial loans secured by non-owner occupied real estate
Loans:
Individually evaluated for impairment	1,586
Collectively evaluated for impairment	449,158
Total loans	450,744	430,825
Allowance for loan losses:
Specific reserve allocation	3	5
General reserve allocation	5,969	6,387
Total allowance for loan losses	5,972	6,392	5,373	3,119
Consumer. | Real estate - residential mortgage
Loans:
Individually evaluated for impairment	0
Collectively evaluated for impairment	297,971
Total loans	297,971	287,996
Allowance for loan losses:
Specific reserve allocation	0	0
General reserve allocation	1,380	1,590
Total allowance for loan losses	1,380	1,590	1,292	1,159
Consumer. | CONSUMER
Loans:
Individually evaluated for impairment	0
Collectively evaluated for impairment	13,473
Total loans	13,473	15,096
Allowance for loan losses:
Specific reserve allocation	0	0
General reserve allocation	85	113
Total allowance for loan losses	$ 85	$ 113	$ 115	$ 126

ALLOWANCE FOR LOAN LOSSES - Pre

ALLOWANCE FOR LOAN LOSSES - Present impaired loans by portfolio segment (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	$ 3,575,000	$ 2,170,000
Related Allowance		3,000	$ 5,000
Unpaid Principal Balance	3,883,000	2,287,000
Loans, net of unearned income	990,766,000	985,054,000
Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income		251,137,000
Commercial loans secured by non-owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	450,744,000	430,825,000
CONSUMER
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	13,473,000	15,096,000
Impaired Loans with Specific Allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1,992,000	2,170,000
Related Allowance	523,000	633,000
Impaired Loans With No Specific Allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1,583,000	0
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	679,322,000	681,962,000
Commercial | Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1,989,000	2,165,000
Unpaid Principal Balance	2,240,000	2,260,000
Loans, net of unearned income	228,578,000
Commercial | Commercial loans secured by non-owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1,586,000	5,000
Unpaid Principal Balance	1,643,000	27,000
Loans, net of unearned income	450,744,000	430,825,000
Commercial | Impaired Loans with Specific Allowance | Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1,989,000	2,165,000
Related Allowance	520,000	628,000
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	3,000	5,000
Related Allowance	3,000	5,000
Commercial | Impaired Loans With No Specific Allowance | Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		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	1,583,000	0
Consumer. | CONSUMER
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 13,473,000	$ 15,096,000

ALLOWANCE FOR LOAN LOSSES - Inv

ALLOWANCE FOR LOAN LOSSES - Investment in impaired loans and related interest income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Average loan balance:
Average investment in impaired loans	$ 2,867	$ 2,308	$ 847
Interest income recognized:
Interest income recognized on a cash basis on impaired loans		15	38
Commercial | Commercial.
Average loan balance:
Average investment in impaired loans	2,062	2,301	839
Interest income recognized:
Interest income recognized on a cash basis on impaired loans		15	38
Commercial | Commercial loans secured by non-owner occupied real estate
Average loan balance:
Average investment in impaired loans	805	7	8
Interest income recognized:
Interest income recognized on a cash basis on impaired loans	$ 0	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES - Com

ALLOWANCE FOR LOAN LOSSES - Commercial and commercial real estate loan portfolios (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
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	$ 990,766	$ 985,054
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	22	17,311
Commercial loans secured by 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	75,158	99,644
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	450,744	430,825
CONSUMER
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	13,473	15,096
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	679,322	681,962
Commercial | Commercial and industrial.
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	153,398	134,182
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	22	17,311
Commercial | Commercial loans secured by 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	75,158	99,644
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	450,744	430,825
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	646,056	639,765
Commercial | Pass | Commercial and industrial.
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	148,361	125,079
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	22
Commercial | Pass | Commercial loans secured by 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	74,187	98,271
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	423,486	399,104
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	11,015	26,341
Commercial | Special Mention | Commercial and industrial.
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		6,722
Commercial | Special Mention | Commercial loans secured by 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		297
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	11,015	19,322
Commercial | Substandard
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	22,248	14,208
Commercial | Substandard | Commercial and industrial.
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	5,037	738
Commercial | Substandard | Commercial loans secured by 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	971	1,076
Commercial | Substandard | 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	16,240	12,394
Commercial | Doubtful
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	1,648
Commercial | Doubtful | Commercial and industrial.
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		1,643
Commercial | Doubtful | 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	$ 3	$ 5

ALLOWANCE FOR LOAN LOSSES - Res

ALLOWANCE FOR LOAN LOSSES - Residential and consumer portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	$ 990,766	$ 985,054
Commercial
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	679,322	681,962
Real estate - residential mortgage
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	297,971	287,996
Real estate - residential mortgage | Consumer.
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	297,971	287,996
CONSUMER
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	13,473	15,096
CONSUMER | Consumer.
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	13,473	15,096
Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	311,444	303,092
Performing | Real estate - residential mortgage | Consumer.
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	296,401	286,843
Performing | CONSUMER | Consumer.
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	13,457	15,096
Performing | Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	309,858	301,939
Non-performing | Real estate - residential mortgage | Consumer.
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	1,570	1,153
Non-performing | CONSUMER | Consumer.
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	16	0
Non-performing | Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	$ 1,586	$ 1,153

ALLOWANCE FOR LOAN LOSSES - Cre

ALLOWANCE FOR LOAN LOSSES - Credit quality of the loan portfolio (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	$ 990,766	$ 985,054
90 Days Past Due and Still Accruing	0	0
Financing receivable, recorded investment	983,185	977,589
Financing receivable recorded investment past due	7,581	7,465
30-59 Days Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	5,479	4,649
Financing Receivables 60To 89Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	823	1,687
Financing Receivables Equal To Greater Than 90Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	1,279	1,129
Commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	153,398	134,182
Financing receivable, recorded investment	152,314	133,918
Financing receivable recorded investment past due	1,084	264
Commercial and industrial | 30-59 Days Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	797	14
Commercial and industrial | Financing Receivables 60To 89Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	287	250
Paycheck Protection Program (PPP)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	22	17,311
Financing receivable, recorded investment	22	17,311
Commercial loans secured by owner occupied real estate
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	75,158	99,644
Financing receivable, recorded investment	74,960	99,454
Financing receivable recorded investment past due	198	190
Commercial loans secured by owner occupied real estate | 30-59 Days Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	198
Commercial loans secured by owner occupied real estate | Financing Receivables 60To 89Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment		190
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	450,744	430,825
Financing receivable, recorded investment	446,809	428,790
Financing receivable recorded investment past due	3,935	2,035
Commercial loans secured by non-owner occupied real estate | 30-59 Days Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	3,935	2,035
Real estate - residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	297,971	287,996
Financing receivable, recorded investment	295,790	283,178
Financing receivable recorded investment past due	2,181	4,818
Real estate - residential mortgage | 30-59 Days Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	489	2,449
Real estate - residential mortgage | Financing Receivables 60To 89Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	422	1,240
Real estate - residential mortgage | Financing Receivables Equal To Greater Than 90Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	1,270	1,129
CONSUMER
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	13,473	15,096
Financing receivable, recorded investment	13,290	14,938
Financing receivable recorded investment past due	183	158
CONSUMER | 30-59 Days Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	60	151
CONSUMER | Financing Receivables 60To 89Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	114	7
CONSUMER | Financing Receivables Equal To Greater Than 90Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Financing receivable, recorded investment	9
Commercial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	679,322	681,962
Commercial | Paycheck Protection Program (PPP)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		17,311
Commercial | Pass
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	646,056	639,765
Commercial | Pass | Paycheck Protection Program (PPP)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		17,311
Commercial | Commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	153,398	134,182
Commercial | Paycheck Protection Program (PPP)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	22	17,311
Commercial | Paycheck Protection Program (PPP) | Pass
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	22
Commercial | Commercial loans secured by owner occupied real estate
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	75,158	99,644
Commercial | Commercial loans secured by owner occupied real estate | Pass
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	74,187	98,271
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
Total loans	450,744	430,825
Commercial | Commercial loans secured by non-owner occupied real estate | Pass
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	423,486	399,104
Consumer. | Real estate - residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	297,971	287,996
Consumer. | CONSUMER
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans	$ 13,473	$ 15,096

ALLOWANCE FOR LOAN LOSSES - Add

ALLOWANCE FOR LOAN LOSSES - Additional information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision expense for loan losses	$ 275,000	$ 500,000	$ (325,000)	$ (400,000)	$ 250,000	$ 350,000	$ 100,000	$ 400,000	$ 50,000	$ 1,100,000	$ 2,375,000
Loans, net of unearned income	$ 990,766,000				$ 985,054,000				$ 990,766,000	$ 985,054,000
Non-performing assets as a percent of loans	0.53%				0.34%				0.53%	0.34%
Individually evaluated for impairment	$ 3,575,000				$ 2,170,000				$ 3,575,000	$ 2,170,000
Financing receivable, recorded investment	983,185,000				977,589,000				983,185,000	977,589,000
Financing receivable recorded investment past due									7,581,000	7,465,000
Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income					251,137,000					251,137,000
Individually evaluated for impairment					2,165,000					2,165,000
CONSUMER
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	13,473,000				15,096,000				13,473,000	15,096,000
Individually evaluated for impairment					0					0
Financing receivable, recorded investment	13,290,000				14,938,000				13,290,000	14,938,000
Financing receivable recorded investment past due									183,000	158,000
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	679,322,000				681,962,000				679,322,000	681,962,000
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	153,398,000				134,182,000				153,398,000	134,182,000
Financing receivable, recorded investment	152,314,000				133,918,000				152,314,000	133,918,000
Financing receivable recorded investment past due									1,084,000	264,000
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]
Financing Receivable Threshold For Individually Evaluating Of Impairment	250,000								250,000
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable Threshold For Individually Evaluating Of Impairment	250,000								250,000
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	100,000								$ 100,000
Minimum | Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum percent of portfolio to be reviewed									40%
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	679,322,000				681,962,000				$ 679,322,000	681,962,000
Minimum aggregate balances for commercial loan relationship under structure loan rating process	1,000,000								1,000,000
Commercial | Commercial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	228,578,000								228,578,000
Minimum aggregate balances for commercial loan relationship under structure loan rating process	1,000,000								1,000,000
Individually evaluated for impairment	1,989,000								1,989,000
Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	153,398,000				134,182,000				153,398,000	134,182,000
Commercial | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	646,056,000				639,765,000				646,056,000	639,765,000
Commercial | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	11,015,000				26,341,000				11,015,000	26,341,000
Commercial | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	22,248,000				14,208,000				22,248,000	14,208,000
Commercial | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	3,000				1,648,000				3,000	1,648,000
Consumer. | CONSUMER
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	13,473,000				$ 15,096,000				13,473,000	$ 15,096,000
Individually evaluated for impairment	0								0
Consumer. | Minimum | Consumer and Residential Mortgage Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
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	Dec. 31, 2022	Dec. 31, 2021
Non-Performing assets including TDR
Non-accrual loans	$ 5,161	$ 3,323
Other real estate owned	39
Total non-performing assets including TDR	$ 5,200	$ 3,323
Total non-performing assets as a percent of loans, net of unearned income, and other real estate owned and repossessed assets	0.53%	0.34%
90 Days Past Due and Still Accruing	$ 0	$ 0
Commercial and industrial
Non-Performing assets including TDR
Non-accrual loans	1,989	2,165
Commercial loans secured by non-owner occupied real estate
Non-Performing assets including TDR
Non-accrual loans	1,586	5
Real estate - residential mortgage
Non-Performing assets including TDR
Non-accrual loans	1,577	$ 1,153
Other real estate owned	38
CONSUMER
Non-Performing assets including TDR
Non-accrual loans	9
Other real estate owned	$ 1

NON-PERFORMING ASSETS INCLUDI_4

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (TDR) - Loans in accrual and non-accrual status (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan	Dec. 31, 2020 loan
Schedule of TDRs
TDR subsequently default	0	0	0
Loans in non-accrual status | Commercial and industrial
Schedule of TDRs
Number of loans	1	1
Current Balance | $	$ 452	$ 477
Concession Granted	Subsequent modification of a TDR - Extension of maturity date with a below market interest rate	Subsequent modification of a TDR - Extension of maturity date with a below market interest rate
Loans in non-accrual status | Commercial loans secured by owner occupied real estate
Schedule of TDRs
Number of loans	1
Current Balance | $	$ 1,583
Concession Granted	Extension of maturity date with an interest only period at below market interest rate

NON-PERFORMING ASSETS INCLUDI_5

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (TDR) - concentration of COVID-19 related modifications within the loan portfolio (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested	$ 231	$ 7,748
% of Outstanding Non-PPP Loans	0.02%	0.80%
Commercial loans secured by Non-Owner Occupied real estate [Member] | Commercial
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested	$ 199	$ 7,488
% of Outstanding Non-PPP Loans	0.03%	1.08%
Home Equity | Consumer.
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested		$ 57
% of Outstanding Non-PPP Loans		0.06%
Real estate - residential mortgage
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested	$ 32	$ 203
% of Outstanding Non-PPP Loans	0.02%	0.11%

NON-PERFORMING ASSETS INCLUDI_6

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (TDR) - types of payment relief that have been granted (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Financing Receivable, Modifications [Line Items]
Loans For Which Payment Relief Has Been Requested	$ 231	$ 7,748
Interest only payments
Financing Receivable, Modifications [Line Items]
Number of loans | loan	1	6
Loans For Which Payment Relief Has Been Requested	$ 199	$ 3,768
Complete payment deferrals
Financing Receivable, Modifications [Line Items]
Number of loans | loan	2	5
Loans For Which Payment Relief Has Been Requested	$ 32	$ 3,980
Maturity date extensions
Financing Receivable, Modifications [Line Items]
Number of loans | loan	3	11
Loans For Which Payment Relief Has Been Requested	$ 231	$ 7,748

NON-PERFORMING ASSETS INCLUDI_7

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (TDR) - Additional information (Details)		12 Months Ended
	Jun. 30, 2020 USD ($)	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)
Aggregate of multiple consecutive maturity date extensions delay in payment, days		120 days
ALL reserve for TDR's		$ 123,000	$ 132,000
Decrease in loan modifications to COVID-19	$ 200,000,000
Increase in loan modifications to COVID-19		$ (7,500,000)
Percentage of increase in balance of loan modifications		97%
Accrued interest receivable due to loan modification		$ 503,000,000,000
Second payment deferral
Number of loans | loan		1
Residential Real Estate [Member]
Other Assets, Noncurrent		$ 38,000	$ 0
Residential Mortgages [Member]
Mortgage Loans in Process of Foreclosure, Amount		$ 258,000

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Premises and Equipment
Cost	$ 40,934	$ 40,251
Less: Accumulated depreciation and amortization	26,474	26,169
Premises and equipment, net	14,460	14,082
Land
Premises and Equipment
Cost	1,225	1,225
Premises
Premises and Equipment
Cost	30,079	28,944
Furniture and equipment
Premises and Equipment
Cost	8,428	8,908
Leasehold Improvements
Premises and Equipment
Cost	$ 1,202	$ 1,174

PREMISES AND EQUIPMENT - Additi

PREMISES AND EQUIPMENT - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Premises and Equipment
Depreciation and amortization expense	$ 1,700,000	$ 1,700,000	$ 1,600,000
Director
Premises and Equipment
Expense paid to related party	$ 200,000	$ 241,000	$ 232,000

LEASE COMMITMENTS - Lease Cost

LEASE COMMITMENTS - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
LEASE COMMITMENTS
Amortization of right-of-use asset	$ 271	$ 272	$ 271
Interest expense	100	106	112
Operating lease cost	106	116	116
Total lease cost	$ 477	$ 494	$ 499

LEASE COMMITMENTS - Leases outs

LEASE COMMITMENTS - Leases outstanding (Details)	Dec. 31, 2022	Dec. 31, 2021
LEASE COMMITMENTS
Operating Lease, Weighted-average remaining term	10 years	11 years
Financing Lease, Weighted-average remaining term	15 years 1 month 6 days	15 years 6 months
Operating Lease, Weighted-average discount rate	3.54%	3.53%
Financing Lease, Weighted-average discount rate	3.62%	3.56%

LEASE COMMITMENTS - Operating a

LEASE COMMITMENTS - Operating and financing leases - (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
LEASE COMMITMENTS
2023	$ 85	$ 98
2024	85	69
2025	75	69
2026	69	69
2027	69	69
Thereafter	382	452
Total undiscounted cash flows	765	826
Discount on cash flows	(122)	(144)
Total lease liabilities	643	682
2023	309	320
2024	249	309
2025	248	249
2026	181	248
2027	181	181
Thereafter	2,397	2,578
Total undiscounted cash flows	3,565	3,885
Discount on cash flows	(885)	(986)
Total lease liabilities	$ 2,680	$ 2,899

LEASE COMMITMENTS - Additional

LEASE COMMITMENTS - Additional information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Property, Plant and Equipment [Line Items]
Description Of Accounting Treatment For Short Term Operating Lease	As of December 31, 2022, the Company had one short-term lease for an office location compared to no short-term leases as of December 31, 2021.
Net occupancy expense	$ 2,883,000	$ 2,620,000	$ 2,510,000
Director
Property, Plant and Equipment [Line Items]
Area of lease | ft²	1,049
Lease income received from related party	$ 13,000	$ 13,000	$ 13,000

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Demand:
Non-interest bearing	$ 195,123	$ 211,106
Interest bearing	236,746	235,582
Savings	135,796	133,163
Money market	254,868	267,202
Certificates of deposit in denominations of $100,000 or more	286,004	292,325
Total deposits	$ 1,108,537	$ 1,139,378

DEPOSITS - Deposits and certifi

DEPOSITS - Deposits and certificates of deposit (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
CERTIFICATES OF DEPOSIT OF $100,000 OR MORE
2023	$ 166,109
2024	79,097
2025	14,550
2026	7,566
2027	7,044
2028 and after	11,638
Total	$ 286,004	$ 292,325

DEPOSITS - Additional informati

DEPOSITS - Additional information (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
DEPOSITS.
Time Deposits	$ 286,004,000	$ 292,325,000
Time deposits meet or exceed the FDIC insurance limit	74,000,000	66,700,000
Related party deposits	$ 3,135,000	$ 3,499,000

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SHORT-TERM BORROWINGS
Open Repo Plus	$ 88,641
Federal Funds Purchased
SHORT-TERM BORROWINGS
Open Repo Plus		$ 0	$ 0
Maximum balance at any month end			2,000
Average balance during year	$ 113		$ 18
Average rate paid for the year	3.11%		0.87%
Short-Term Borrowings [Member]
SHORT-TERM BORROWINGS
Open Repo Plus	$ 88,641	0	$ 24,702
Maximum balance at any month end	88,641	4,077	41,632
Average balance during year	$ 9,155	$ 389	$ 4,929
Average rate paid for the year	3.93%	0.37%	0.58%
Interest rate on year-end balance	4.45%	0.28%	0.41%

ADVANCES FROM FEDERAL HOME LO_3

ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
WEIGHTED AVERAGE YIELD
2022/2023	1.59%	1.88%
2023/2024	1.19%	1.59%
2024/2025		1.19%
Total advances from FHLB	1.50%	1.71%
BALANCE
2022/2023	$ 15,568	$ 22,888
2023/2024	4,197	15,568
2024/2025		4,197
Total advances from FHLB	$ 19,765	$ 42,653

ADVANCES FROM FEDERAL HOME LO_4

ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT (Details) - USD ($) $ in Thousands				1 Months Ended	12 Months Ended
	Aug. 26, 2021	Dec. 29, 2015	Apr. 28, 1998	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds					$ 302,000
Available Unsecured Federal Funds					35,000
Debt Instrument, Interest Rate, Stated Percentage			8.45%
Payments for Repurchase of Trust Preferred Securities			$ 12,000			$ 12,018
Subordinated Debt					26,644	26,603
Federal Reserve Bank [Member]
Availability Of Short term Borrowings Federal Reserve					41,000
Subordinated Debt.
Debt Instrument, Face Amount	$ 27,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%	6.50%
Maturity term	5 years
Net Proceeds				$ 20,000
Early Repayment of Subordinated Debt		$ 7,700
Subordinated Debt					26,600	$ 26,600
Debt Conversion, Downstream of Capital					$ 3,500
Subordinated Debt. | Secured Overnight Financing Rate (SOFR)
SOFR rate percentage	3.11%

DISCLOSURES ABOUT FAIR VALUE _4

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS- Schedule of assets and liability measured and recorded on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Disclosures about Fair Value Measurements and Financial Instruments
Equity securities	$ 502	$ 526
Available for sale, at fair value	179,508	163,171
Interest rate swap asset	$ 6,992	$ 1,226
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Interest rate swap liability	$ (6,872)	$ (1,226)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Risk participation agreement	$ 0
U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	10,533	$ 7,387
U.S. Agency mortgage-backed securities
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	89,985	80,167
Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	19,038	20,892
Corporate bonds.
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	59,952	54,725
Level 1
Disclosures about Fair Value Measurements and Financial Instruments
Equity securities	502	526
Interest rate swap asset	0
Risk participation agreement	0
Level 1 | U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	0
Level 1 | Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	0
Level 1 | Corporate bonds.
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	0
Level 2
Disclosures about Fair Value Measurements and Financial Instruments
Interest rate swap asset	6,992	1,226
Interest rate swap liability	(6,872)	(1,226)
Risk participation agreement	0
Level 2 | U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	10,533	7,387
Level 2 | U.S. Agency mortgage-backed securities
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	89,985	80,167
Level 2 | Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	19,038	20,892
Level 2 | Corporate bonds.
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	59,952	$ 54,725
Level 3
Disclosures about Fair Value Measurements and Financial Instruments
Interest rate swap asset	0
Risk participation agreement	0
Level 3 | U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	0
Level 3 | Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	0
Level 3 | Corporate bonds.
Disclosures about Fair Value Measurements and Financial Instruments
Available for sale, at fair value	$ 0

DISCLOSURES ABOUT FAIR VALUE _5

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS - Schedule of assets measured and recorded at fair value on a non-recurring basis (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loan with carrying value	$ 1,600,000		$ 5,000
Specific valuation allowance		$ 3,000	5,000
Impaired loans	1,600,000		$ 0
Fair Value Measurements, Nonrecurring Basis
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans	1,583,000
Other real estate owned and repossessed assets	39,000
Fair Value Measurements, Nonrecurring Basis | Level 1
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans	0	0
Other real estate owned and repossessed assets	0
Fair Value Measurements, Nonrecurring Basis | Level 2
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans	0	$ 0
Other real estate owned and repossessed assets	0
Fair Value Measurements, Nonrecurring Basis | Level 3
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans	1,583,000
Other real estate owned and repossessed assets	39,000
Fair Value Measurements, Nonrecurring Basis | Level 3 | Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans	1,583,000
Appraisal adjustments		100%
Fair Value Measurements, Nonrecurring Basis | Level 3 | Other real estate owned
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans	$ 39,000
Appraisal adjustments	52%
Fair Value Measurements, Nonrecurring Basis | Level 3 | Minimum | Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	0%
Fair Value Measurements, Nonrecurring Basis | Level 3 | Minimum | Other real estate owned
Disclosures about Fair Value Measurements and Financial Instruments
Liquidation expenses	10%
Fair Value Measurements, Nonrecurring Basis | Level 3 | Maximum | Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	100%
Fair Value Measurements, Nonrecurring Basis | Level 3 | Maximum | Other real estate owned
Disclosures about Fair Value Measurements and Financial Instruments
Liquidation expenses	39%
Fair Value Measurements, Nonrecurring Basis | Level 3 | Wgtd Ave | Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	0.20%	100%
Fair Value Measurements, Nonrecurring Basis | Level 3 | Wgtd Ave | Other real estate owned
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	52%
Liquidation expenses	11%

DISCLOSURES ABOUT FAIR VALUE _6

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of estimated fair value and recorded carrying value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Carrying Value	$ 61,878	$ 53,751
Loans held for sale, Carrying Value	59	983
Loans, net of allowance for loan loss and unearned income, Carrying Value	980,023	972,656
Investment securities - HTM, Fair Value	55,192	55,516
Loans held for sale, Fair Value	57	1,022
Loans, net of allowance for loan loss and unearned income, Fair Value	938,188	969,681
FINANCIAL LIABILITIES: Carrying Value
Deposits with stated maturities, Carrying Value	286,004	292,325
All other borrowings, Carrying Value	46,409	69,256
Deposits with stated maturities, Fair Value	281,297	294,280
All other borrowings, Fair Value	$ 44,759	69,506
Assets and liabilities considered financial instruments, percentage	90%
Level 1
FINANCIAL ASSETS: Carrying Value
Loans held for sale, Fair Value	$ 57	1,022
Level 2
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	52,323	52,523
Level 3
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	2,869	2,993
Loans, net of allowance for loan loss and unearned income, Fair Value	938,188	969,681
FINANCIAL LIABILITIES: Carrying Value
Deposits with stated maturities, Fair Value	281,297	294,280
All other borrowings, Fair Value	$ 44,759	$ 69,506

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INCOME TAXES
Current									$ 1,220	$ 973	$ (400)
Deferred									533	729	1,614
Income tax expense	$ 126	$ 526	$ 496	$ 605	$ 421	$ 341	$ 420	$ 520	$ 1,753	$ 1,702	$ 1,214

INCOME TAXES - Reconciliation (

INCOME TAXES - Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
AMOUNT
Income tax expense based on federal statutory rate									$ 1,932	$ 1,843	$ 1,221
Tax exempt income									(244)	(253)	(188)
Other									65	112	181
Income tax expense	$ 126	$ 526	$ 496	$ 605	$ 421	$ 341	$ 420	$ 520	$ 1,753	$ 1,702	$ 1,214
RATE
Income tax expense based on federal statutory rate									21%	21%	21%
Tax exempt income									(2.60%)	(2.90%)	(3.20%)
Other									0.70%	1.30%	3.10%
Total expense for income taxes									19.10%	19.40%	20.90%

INCOME TAXES - Deferred tax ass

INCOME TAXES - Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
DEFERRED TAX ASSETS:
Allowance for loan losses	$ 2,256	$ 2,604
Unfunded commitment reserve	157	208
Unrealized investment security losses	3,971
Premises and equipment	955	743
Lease liabilities	698	752
Other	185	175
Total tax assets	8,222	4,482
DEFERRED TAX LIABILITIES:
Investment accretion	(107)	(51)
Unrealized investment security gains	0	(369)
Lease right-of-use assets	(639)	(704)
Accrued pension obligation	(4,494)	(4,098)
Other	(193)	(194)
Total tax liabilities	(5,433)	(5,416)
Net deferred tax asset (liability)	$ 2,789
Net deferred tax asset (liability)		$ (934)

EMPLOYEE BENEFIT PLANS - Change

EMPLOYEE BENEFIT PLANS - Changes in obligations and assets (Details) - Defined Benefit Pension Items - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CHANGE IN BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$ 50,287	$ 54,861
Service cost	1,419	1,708	$ 1,676
Interest cost	1,462	894	1,281
Actuarial (gain) loss	(9,787)	273
Settlements	(7,541)	(6,516)
Benefits paid	(934)	(933)
Benefit obligation at end of year	34,906	50,287	54,861
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year	70,432	58,447
Actual return on plan assets	(9,700)	11,434
Employer contributions	4,000	8,000
Settlements	(7,541)	(6,516)
Benefits paid	(934)	(933)
Fair value of plan assets at end of year	56,257	70,432	$ 58,447
Funded status of the plan	$ 21,351	$ 20,145

EMPLOYEE BENEFIT PLANS - Amount

EMPLOYEE BENEFIT PLANS - Amounts not recognized as components of net periodic pension cost (Details) - Defined Benefit Pension Items - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amounts recognized in accumulated other comprehensive loss consists of:
Net actuarial loss	$ 9,597	$ 9,319
Total	$ 9,597	$ 9,319

EMPLOYEE BENEFIT PLANS - Accumu

EMPLOYEE BENEFIT PLANS - Accumulated benefit obligation (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Pension Items
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 32,190	$ 46,319

EMPLOYEE BENEFIT PLANS - Weight

EMPLOYEE BENEFIT PLANS - Weighted-average assumptions used to determine benefit obligations (Details)	Dec. 31, 2022	Dec. 31, 2021
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate	5.45%	2.80%
Ages 30-34
WEIGHTED AVERAGE ASSUMPTIONS:
Salary scale	5%	2.50%
Ages 35-44
WEIGHTED AVERAGE ASSUMPTIONS:
Salary scale	4%	2.50%
Ages 45-54
WEIGHTED AVERAGE ASSUMPTIONS:
Salary scale	3%	2.50%
Ages 55+
WEIGHTED AVERAGE ASSUMPTIONS:
Salary scale	2.50%	2.50%

EMPLOYEE BENEFIT PLANS - Chan_2

EMPLOYEE BENEFIT PLANS - Changes in plan assets and benefit obligations (Details) - Defined Benefit Pension Items - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS
Net loss (gain)	$ 4,106	$ (7,153)	$ 968
Recognized loss	(3,828)	(4,157)	(2,453)
Total recognized in other comprehensive loss before tax effect	278	(11,310)	(1,485)
Total recognized in net benefit cost and other comprehensive loss before tax effect	$ 2,794	$ (8,559)	$ 684

EMPLOYEE BENEFIT PLANS - Weig_2

EMPLOYEE BENEFIT PLANS - Weighted-average assumptions used to determine net periodic benefit cost (Details) - Defined Benefit Pension Items	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate	2.81%	2.48%	3.20%
Expected return on plan assets	7%	7%	7%
Rate of compensation increase	2.50%	2.50%	2.50%

EMPLOYEE BENEFIT PLANS - Asset

EMPLOYEE BENEFIT PLANS - Asset allocation (Details) - Defined Benefit Pension Items	Dec. 31, 2022	Dec. 31, 2021
ASSET CATEGORY:
Asset allocations	100%	100%
Cash and Cash Equivalents
ASSET CATEGORY:
Asset allocations	89.90%	0.10%
Equity securities
ASSET CATEGORY:
Asset allocations	7.10%	12.10%
Mutual funds/ETFs
ASSET CATEGORY:
Asset allocations	0%	84.10%
International equities
ASSET CATEGORY:
Asset allocations	0%	0.30%
Corporate bonds
ASSET CATEGORY:
Asset allocations	3%	3.40%

EMPLOYEE BENEFIT PLANS - Segreg

EMPLOYEE BENEFIT PLANS - Segregation of assets by the level of valuations inputs (Details) - Defined Benefit Pension Items - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	$ 56,257	$ 70,432	$ 58,447
Cash and Cash Equivalents | Level 1
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	50,553	56
Domestic equities. | Level 1
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	4,026	8,488
International equities | Level 1
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	0	199
Mutual funds/ETFs | Level 1
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount		59,306
Corporate bonds | Level 2
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	$ 1,678	$ 2,383

EMPLOYEE BENEFIT PLANS - Compon

EMPLOYEE BENEFIT PLANS - Component of net periodic benefit cost (Details) - Defined Benefit Pension Items - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of net periodic benefit cost
Service cost	$ 1,419	$ 1,708	$ 1,676
Interest cost	1,462	894	1,281
Expected return on plan assets	(4,193)	(4,008)	(3,241)
Amortization of net loss	1,330	2,421	2,453
Settlement charge	2,498	1,736
Net periodic pension cost	$ 2,516	$ 2,751	$ 2,169

EMPLOYEE BENEFIT PLANS - Estima

EMPLOYEE BENEFIT PLANS - Estimated future benefit payments (Details) - Defined Benefit Pension Items $ in Thousands	Dec. 31, 2022 USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2023	$ 3,422
2024	4,177
2025	3,934
2026	4,059
2027	3,534
Years 2028-2032	$ 12,780

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) Y	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Minimum number of annual hours	1,000
Maximum percent of plan assets comprised of AmeriServ Financial, Inc. common stock	10%
Period of investment performance	20 years
Percentage gain combined from other sources	19%
Defined contribution plan, employer matching contribution, percent of match	2%				6%
Non-elective contribution by employer for non union employees					4%
Non-elective contribution by employer for union employees				4%
Defined contribution plan maximum annual contribution per union employee percent	4%
Defined contribution plan, cost	$ 808,000	$ 704,000	$ 653,000
Defined Contribution Plan assets in common stocks	$ 425,000
Maximum
Defined Benefit Plan Disclosure [Line Items]
Employer matching	1%				3%
Defined contribution plan, employer matching contribution, percent of match				4%
Other expense
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation plan expense	$ 15,000	44,000	$ 7,000
Other liabilities.
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation liability	$ 502,000	526,000
Equity securities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	0%
Equity securities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	60%
Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets of the company's common stock	$ 1,900,000
Debt Securities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	0%
Debt Securities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	100%
Cash and Cash Equivalents | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	0%
Cash and Cash Equivalents | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	100%
Defined Benefit Pension Items
Defined Benefit Plan Disclosure [Line Items]
Requisite service period	5 years
Number of consecutive calendar years | Y	5
Period of employment	10 years
Maximum percent of plan assets comprised of AmeriServ Financial, Inc. common stock	10%
Settlement charge	$ 2,498,000	1,736,000
Employer contributions	$ 4,000,000	$ 8,000,000
Expected return on plan assets	7%	7%	7%
Defined benefit plan percent of assets comprised of entity common stock	3.30%
Charges for benefit obligation of defined benefit plan	$ 997,000
Percentage of charges for benefit obligation of defined benefit plan	98.20%
Defined Benefit Pension Items | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, expected future employer contributions, next fiscal year	$ 2,000,000
Defined Benefit Pension Items | Other assets.
Defined Benefit Plan Disclosure [Line Items]
Assets for pension benefits	21,300,000	$ 19,500,000
401(k) PLAN | Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets of the company's common stock	$ 425,000

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Financing receivable, recorded investment	$ 983,185,000	$ 977,589,000
Carrying value of commitment	746,000	989,000
Allowance for loan losses	10,743,000	12,398,000	$ 11,345,000	$ 9,279,000
Commitments to extend credit
Loss Contingencies [Line Items]
Amount of commitment	227,600,000	216,600,000
Standby letters of Credit
Loss Contingencies [Line Items]
Amount of commitment	9,000,000	13,100,000
Standby letters of credit	$ 5,600,000	$ 8,500,000
Standby letters of Credit | Maximum
Loss Contingencies [Line Items]
Term of commitment	5 years
Standby letters of Credit | Minimum
Loss Contingencies [Line Items]
Term of commitment	1 year

STOCK COMPENSATION PLANS (Detai

STOCK COMPENSATION PLANS (Details) - $ / shares	12 Months Ended			36 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
SHARES
Outstanding at beginning of year	369,047	230,913	296,648	296,648
Granted		160,000		0
Exercised	(36,117)	(21,356)	(38,235)
Forfeited	(9,144)	(510)	(27,500)
Outstanding at end of year	323,786	369,047	230,913	323,786
Exercisable at end of year	223,784	206,713	224,580	223,784
WEIGHTED AVERAGE EXERCISE PRICE
Outstanding at beginning of year	$ 3.47	$ 3.14	$ 3.02	$ 3.02
Granted		3.84
Exercised	2.96	2.68	2.06
Forfeited	3.62	3.23	3.30
Outstanding at end of year	3.52	3.47	3.14	3.52
Exercisable at end of year	$ 3.38	3.18	$ 3.11	$ 3.38
Weighted average fair value of options granted in current year		$ 1.78

STOCK COMPENSATION PLANS - Pric

STOCK COMPENSATION PLANS - Pricing model assumption ranges (Details)	12 Months Ended
	Dec. 31, 2021
STOCK COMPENSATION PLANS
Expected lives in years	10 years

STOCK COMPENSATION PLANS - Addi

STOCK COMPENSATION PLANS - Additional information (Details) - USD ($)	12 Months Ended			36 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2019
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Stock based compensation	$ 50,000	$ 43,000	$ 3,000
Number of Shares Authorized	600,000			600,000
Purchase Price of Common Stock, Percent	100%
Expiration Period	10 years
Award Vesting Period	3 years
Options Outstanding	323,786	369,047	230,913	323,786	296,648
Grants in Period		160,000		0
Intrinsic Value	$ 47,000	$ 27,000	$ 56,000
Range One [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Exercisable Options	223,784			223,784
Exercise Price Range, Lower Range Limit	$ 2.96
Exercise Price Range, Upper Range Limit	4.22
Weighted Average Exercise Price	$ 3.38			$ 3.38
Weighted Average Remaining Contractual Term	3 years 6 months 3 days
Range Two [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of not yet exercisable options	100,002			100,002
Exercise Price Range, Lower Range Limit	$ 3.83
Exercise Price Range, Upper Range Limit	3.84
Weighted Average Exercise Price	$ 3.84			$ 3.84
Weighted Average Remaining Contractual Term	8 years 1 month 17 days

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (6,512)	$ (13,198)	$ (16,171)
Other comprehensive income (loss) before reclassifications	(19,032)	3,468	1,035
Amounts reclassified from accumulated other comprehensive loss	3,024	3,218	1,938
Net current period other comprehensive income (loss)	(16,008)	6,686	2,973
Ending balance	(22,520)	(6,512)	(13,198)
Net Unrealized Gains and Losses on Investment Securities AFS
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,386	3,539	1,715
Other comprehensive income (loss) before reclassifications	(16,324)	(2,087)	1,824
Amounts reclassified from accumulated other comprehensive loss		(66)
Net current period other comprehensive income (loss)	(16,324)	(2,153)	1,824
Ending balance	(14,938)	1,386	3,539
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(7,898)	(16,737)	(17,886)
Other comprehensive income (loss) before reclassifications	(2,708)	5,555	(789)
Amounts reclassified from accumulated other comprehensive loss	3,024	3,284	1,938
Net current period other comprehensive income (loss)	316	8,839	1,149
Ending balance	$ (7,582)	$ (7,898)	$ (16,737)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS- Reclassification of component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Realized gains on sale of securities
Net realized gains on investment securities		$ (84)
Provision for income taxes		18
Net of tax		(66)
Amortization of estimated defined benefit pension plan loss
Other expense	$ (3,828)	(4,157)	$ (2,453)
Provision for income taxes	(804)	(873)	(515)
Net of tax	3,024	3,284	1,938
Total reclassifications for the period	$ 3,024	$ 3,218	$ 1,938

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill, Impairment Loss	$ 0	$ 0
Goodwill	13,611,000	13,611,000	$ 11,944,000
West Chester Capital Advisors [Member]
Goodwill [Line Items]
Goodwill	2,400,000
Riverview Bank
Goodwill [Line Items]
Goodwill		1,700,000
Core deposit intangible	177,000
Accumulated amortization on core deposit intangible	49,000	$ 19,000
Retail Banking [Member]
Goodwill [Line Items]
Goodwill	13,600,000
Community banking
Goodwill [Line Items]
Goodwill	$ 11,200,000

INTANGIBLE ASSETS - Goodwill (D

INTANGIBLE ASSETS - Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 11,944
Goodwill acquired	1,667
Goodwill, Ending Balance	13,611
Riverview Bank
Goodwill [Roll Forward]
Goodwill, Ending Balance	$ 1,700

INTANGIBLE ASSETS - Amortizatio

INTANGIBLE ASSETS - Amortization of intangible (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Roll Forward]
Amortization	$ 30	$ 19
Riverview Bank
Finite-Lived Intangible Assets [Roll Forward]
Finite-Lived Intangible Assets, Net, Beginning Balance	158
Core deposit intangible acquired		177
Amortization	(30)	(19)
Finite-Lived Intangible Assets, Net, Ending Balance	$ 128	$ 158

INTANGIBLE ASSETS - Future Amor

INTANGIBLE ASSETS - Future Amortization (Details) - Riverview Bank - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 27
2023	24
2024	21
2025	17
2026	14
After five years	25
Finite-Lived Intangible Assets, Net, Total	$ 128	$ 158

DERIVATIVE HEDGING INSTRUMENT_2

DERIVATIVE HEDGING INSTRUMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Derivative, Notional Amount	$ 0
Weighted Average Rate Received (Paid)	0%	0%
Increase (Decrease) in Interest Expense	$ 0	$ 0
Derivative Financial Instruments, Liabilities | Swap
Derivative, Swap Type	N/A	N/A
Derivative Liability, Notional Amount	$ (65,431)	$ (67,280)
Weighted Average Rate Received (Paid)	(4.23%)	(2.59%)
Repricing frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ (21,000)	$ 857,000
Derivative Financial Instruments, Assets | Swap
Derivative, Swap Type	N/A	N/A
Derivative Asset, Notional Amount	$ 65,431	$ 67,280
Weighted Average Rate Received (Paid)	4.23%	2.59%
Repricing frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ 21,000	$ (857,000)

DERIVATIVE HEDGING INSTRUMENT_3

DERIVATIVE HEDGING INSTRUMENTS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Proceeds from Fees Received	$ 8,000	$ 191,000
Notional amount	0
Maximum amount outstanding	500,000,000	500,000,000
Interest Rate Swap | Risk Participation Agreement
Notional amount	$ 2,100,000	$ 2,500,000

SEGMENT RESULTS (Details)

SEGMENT RESULTS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Contribution of segments to the consolidated results of operations
Net interest income (expense)	$ 10,143	$ 10,529	$ 10,124	$ 9,767	$ 10,298	$ 9,226	$ 9,867	$ 9,692	$ 40,563	$ 39,083	$ 36,367
Provision for loan losses	275	500	(325)	(400)	250	350	100	400	50	1,100	2,375
Non-interest income (loss)	3,893	4,326	4,138	4,335	4,332	4,416	4,399	4,614	16,692	17,761	16,275
Noninterest expense	12,688	11,727	12,110	11,479	12,107	11,520	12,038	11,305	48,004	46,970	44,455
Income (loss) before income taxes	1,073	2,628	2,477	3,023	2,273	1,772	2,128	2,601	9,201	8,774	5,812
Income tax expense (benefit)	126	526	496	605	421	341	420	520	1,753	1,702	1,214
Net income (loss)	947	$ 2,102	$ 1,981	$ 2,418	1,852	$ 1,431	$ 1,708	$ 2,081	7,448	7,072	4,598
Total assets	1,363,874				1,335,560				1,363,874	1,335,560	1,282,733
Community banking
Contribution of segments to the consolidated results of operations
Net interest income (expense)									46,135	45,934	42,862
Provision for loan losses									50	1,100	2,375
Non-interest income (loss)									5,174	5,649	6,022
Noninterest expense									36,216	35,636	34,136
Income (loss) before income taxes									15,043	14,847	12,373
Income tax expense (benefit)									2,638	2,797	2,303
Net income (loss)									12,405	12,050	10,070
Total assets	1,114,923				1,111,856				1,114,923	1,111,856	1,086,653
Wealth management
Contribution of segments to the consolidated results of operations
Net interest income (expense)									65	72	55
Provision for loan losses									0	0	0
Non-interest income (loss)									11,620	11,986	10,212
Noninterest expense									8,834	8,349	7,683
Income (loss) before income taxes									2,851	3,709	2,584
Income tax expense (benefit)									688	841	598
Net income (loss)									2,163	2,868	1,986
Total assets	10,867				10,822				10,867	10,822	10,471
Investment/Parent
Contribution of segments to the consolidated results of operations
Net interest income (expense)									(5,637)	(6,923)	(6,550)
Provision for loan losses									0	0	0
Non-interest income (loss)									(102)	126	41
Noninterest expense									2,954	2,985	2,636
Income (loss) before income taxes									(8,693)	(9,782)	(9,145)
Income tax expense (benefit)									(1,573)	(1,936)	(1,687)
Net income (loss)									(7,120)	(7,846)	(7,458)
Total assets	$ 238,084				$ 212,882				$ 238,084	$ 212,882	$ 185,609

REGULATORY CAPITAL (Details)

REGULATORY CAPITAL (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount	$ 136,767	$ 133,881
Tier 1 Common Equity (To RWA), Actual Amount	125,278	120,656
Tier 1 Capital (To RWA), Actual Amount	125,278	120,656
Tier 1 Capital (To Average Assets), Actual Amount	$ 125,278	$ 120,656
Total Capital (To RWA), Actual Ratio	0.1244	0.1266
Tier 1 Common Equity (To RWA), Actual Ratio	0.1139	0.1141
Tier 1 Capital (To RWA), Actual Ratio	0.1139	0.1141
Tier 1 Capital (To Average Assets), Actual Ratio	0.0939	0.0912
Total Capital (To RWA), Minimum Required For Capital Adequacy Purpose	0.0800	0.0800
Tier 1 Common Equity (To RWA), Minimum Required For Capital Adequacy Purpose	0.045%	0.045%
Tier 1 Capital (To RWA), Minimum Required For Capital Adequacy Purpose	0.0600	0.0600
Tier 1 Capital (To Average Assets), Minimum Required For Capital Adequacy Purpose	0.0400	0.0400
Total Capital (To RWA), To Be Will Capitalized Under Prompt Corrective Action Regulations	0.1000	0.1000
Tier 1 Common Equity (To RWA), To Be Will Capitalized Under Prompt Corrective Action Regulations	0.065%	0.065%
Tier 1 Capital (To RWA), To Be Well Capitalized Under Prompt Corrective Action Regulations	0.0800	0.0800
Tier 1 Capital (To Average Assets), To Be Will Capitalized Under Prompt Corrective Action Regulations	0.0500	0.0500
Parent Company
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount	$ 153,092	$ 149,177
Tier 1 Common Equity (To RWA), Actual Amount	114,959	109,292
Tier 1 Capital (To RWA), Actual Amount	114,959	109,292
Tier 1 Capital (To Average Assets), Actual Amount	$ 114,959	$ 109,292
Total Capital (To RWA), Actual Ratio	0.1387	0.1404
Tier 1 Common Equity (To RWA), Actual Ratio	0.1041	0.1029
Tier 1 Capital (To RWA), Actual Ratio	0.1041	0.1029
Tier 1 Capital (To Average Assets), Actual Ratio	0.0852	0.0817

REGULATORY CAPITAL - Additional

REGULATORY CAPITAL - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Aug. 26, 2021
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Subordinated Debt		$ 26,644	$ 26,603
Subordinated Debt.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Debt Instrument, Face Amount				$ 27,000
Net Proceeds	$ 20,000
Subordinated Debt		26,600	$ 26,600
Debt Conversion, Downstream of Capital		$ 3,500

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION - BALANCE SHEETS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash	$ 18,830	$ 24,748
Short-term investments		5,411
Cash and cash equivalents	22,962	41,101
Investment securities available for sale	179,508	163,171
Other assets	33,835	25,053
TOTAL ASSETS	1,363,874	1,335,560	$ 1,282,733
LIABILITIES
Subordinated debt	26,644	26,603
Other liabilities	10,786	5,862
TOTAL LIABILITIES	1,257,696	1,219,011
STOCKHOLDERS' EQUITY
Total stockholders' equity	106,178	116,549	$ 104,399
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,363,874	1,335,560
Parent Company
ASSETS
Cash	100	100
Short-term investments	3,178	5,533
Cash and cash equivalents	3,278	5,633
Investment securities available for sale	6,334	3,692
Other assets	1,008	866
TOTAL ASSETS	134,585	144,772
LIABILITIES
Subordinated debt	26,644	26,603
Other liabilities	1,763	1,620
TOTAL LIABILITIES	28,407	28,223
STOCKHOLDERS' EQUITY
Total stockholders' equity	106,178	116,549
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	134,585	144,772
Parent Company | Banking Subsidiary [Member]
ASSETS
Equity investment	117,432	127,874
Parent Company | Non Banking Subsidiaries [Member]
ASSETS
Equity investment	$ 6,533	$ 6,707

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION - STATEMENTS OF OPERATIONS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INCOME
Interest, dividend and other income	$ 13,803	$ 12,700	$ 11,527	$ 11,028	$ 11,690	$ 11,372	$ 11,838	$ 11,769	$ 49,058	$ 46,669	$ 46,882
EXPENSE
Interest expense	3,660	2,171	1,403	1,261	1,392	2,146	1,971	2,077	8,495	7,586	10,515
Salaries and employee benefits									28,492	27,847	27,390
Other expense									5,299	5,435	4,321
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES	1,073	2,628	2,477	3,023	2,273	1,772	2,128	2,601	9,201	8,774	5,812
Benefit for income taxes	126	526	496	605	421	341	420	520	1,753	1,702	1,214
NET INCOME	$ 947	$ 2,102	$ 1,981	$ 2,418	$ 1,852	$ 1,431	$ 1,708	$ 2,081	7,448	7,072	4,598
COMPREHENSIVE (LOSS) INCOME									(8,560)	13,758	7,571
Parent Company
INCOME
Inter-entity management and other fees									2,566	2,520	2,708
Interest, dividend and other income									146	115	106
TOTAL INCOME									7,767	6,185	6,758
EXPENSE
Interest expense									1,054	1,798	1,642
Salaries and employee benefits									2,811	2,871	2,667
Other expense									1,948	1,783	1,749
TOTAL EXPENSE									5,813	6,452	6,058
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES									1,954	(267)	700
Benefit for income taxes									(652)	(802)	(681)
Equity in undistributed earnings of subsidiaries									4,842	6,537	3,217
NET INCOME									7,448	7,072	4,598
COMPREHENSIVE (LOSS) INCOME									(8,560)	13,758	7,571
Parent Company | Banking Subsidiary [Member]
INCOME
Dividends from subsidiaries									4,000	2,000	2,000
Parent Company | Non Banking Subsidiaries [Member]
INCOME
Dividends from subsidiaries									$ 1,055	$ 1,550	$ 1,944

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION - STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
	Apr. 28, 1998	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income		$ 947	$ 2,102	$ 1,981	$ 2,418	$ 1,852	$ 1,431	$ 1,708	$ 2,081	$ 7,448	$ 7,072	$ 4,598
Adjustments to reconcile net income to net cash provided by operating activities:
Stock compensation expense										50	43	3
Other - net										(3,398)	(4,379)	(7,140)
INVESTING ACTIVITIES
Purchase of investment securities - available for sale										(58,207)	(61,578)	(36,519)
Proceeds from maturity and sales of investment securities - available for sale										19,638	38,826	36,215
FINANCING ACTIVITIES
Redemption of guaranteed junior subordinated deferrable interest debentures	$ (12,000)										(12,018)
Subordinated debt issuance, net											26,589
Redemption of subordinated debt											(7,650)
Stock options exercised										106	57	78
Common stock dividends paid										(1,967)	(1,708)	(1,716)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS										(18,139)	9,597	9,336
CASH AND CASH EQUIVALENTS AT JANUARY 1					41,101				31,504	41,101	31,504	22,168
CASH AND CASH EQUIVALENTS AT DECEMBER 31		22,962				41,101				22,962	41,101	31,504
Parent Company
OPERATING ACTIVITIES
Net income										7,448	7,072	4,598
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries										(4,842)	(6,537)	(3,217)
Stock compensation expense										50	43	3
Other - net										189	1,204	(133)
NET CASH PROVIDED BY OPERATING ACTIVITIES										2,845	1,782	1,251
INVESTING ACTIVITIES
Purchase of investment securities - available for sale										(3,994)	(1,008)	(1,254)
Proceeds from maturity and sales of investment securities - available for sale										655	991	1,246
Capital contribution to banking subsidiary											(3,500)
NET CASH USED IN INVESTING ACTIVITIES										(3,339)	(3,517)	(8)
FINANCING ACTIVITIES
Redemption of guaranteed junior subordinated deferrable interest debentures											(12,018)
Subordinated debt issuance, net											26,589
Redemption of subordinated debt											(7,650)
Stock options exercised										106	57	78
Purchases of treasury stock										0	0	(151)
Common stock dividends paid										(1,967)	(1,708)	(1,716)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES										(1,861)	5,270	(1,789)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS										(2,355)	3,535	(546)
CASH AND CASH EQUIVALENTS AT JANUARY 1					$ 5,633				$ 2,098	5,633	2,098	2,644
CASH AND CASH EQUIVALENTS AT DECEMBER 31		$ 3,278				$ 5,633				$ 3,278	$ 5,633	$ 2,098

PARENT COMPANY FINANCIAL INFO_6

PARENT COMPANY FINANCIAL INFORMATION - Additional information (Details)	Dec. 31, 2022 USD ($)
PARENT COMPANY FINANCIAL INFORMATION
Dividend Payments Restrictions Schedule, Statutory Capital and Surplus	$ 121,974,000

SELECTED QUARTERLY CONSOLIDAT_3

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)
Interest income	$ 13,803	$ 12,700	$ 11,527	$ 11,028	$ 11,690	$ 11,372	$ 11,838	$ 11,769	$ 49,058	$ 46,669	$ 46,882
Interest expense	3,660	2,171	1,403	1,261	1,392	2,146	1,971	2,077	8,495	7,586	10,515
Net interest income	10,143	10,529	10,124	9,767	10,298	9,226	9,867	9,692	40,563	39,083	36,367
Provision for loan losses	275	500	(325)	(400)	250	350	100	400	50	1,100	2,375
Net interest income after provision (credit) for loan losses	9,868	10,029	10,449	10,167	10,048	8,876	9,767	9,292	40,513	37,983	33,992
Non-interest income (loss)	3,893	4,326	4,138	4,335	4,332	4,416	4,399	4,614	16,692	17,761	16,275
Non-interest expense	12,688	11,727	12,110	11,479	12,107	11,520	12,038	11,305	48,004	46,970	44,455
Income before income taxes	1,073	2,628	2,477	3,023	2,273	1,772	2,128	2,601	9,201	8,774	5,812
Provision for income taxes	126	526	496	605	421	341	420	520	1,753	1,702	1,214
Net income	$ 947	$ 2,102	$ 1,981	$ 2,418	$ 1,852	$ 1,431	$ 1,708	$ 2,081	$ 7,448	$ 7,072	$ 4,598
Basic earnings per common share	$ 0.06	$ 0.12	$ 0.12	$ 0.14	$ 0.11	$ 0.08	$ 0.10	$ 0.12	$ 0.44	$ 0.41	$ 0.27
Diluted earnings per common share	0.06	0.12	0.12	0.14	0.11	0.08	0.10	0.12	0.43	0.41	0.27
Cash dividends declared per common share	$ 0.030	$ 0.030	$ 0.030	$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0.115	$ 0.100	$ 0.100

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)		3 Months Ended								12 Months Ended
	Mar. 17, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 12, 2023
Subsequent Event [Line Items]
Investment securities available for sale, Cost Basis		$ 198,417,000				$ 161,416,000				$ 198,417,000	$ 161,416,000
Total assets		1,363,874,000				1,335,560,000				1,363,874,000	1,335,560,000	$ 1,282,733,000
Net income		947,000	$ 2,102,000	$ 1,981,000	$ 2,418,000	$ 1,852,000	$ 1,431,000	$ 1,708,000	$ 2,081,000	7,448,000	7,072,000	4,598,000
Realized gain on equity securities											$ 36,000	$ 2,000
Signature Bank
Subsequent Event [Line Items]
Total assets		$ 110,400,000,000								110,400,000,000
Net income										$ 1,300,000,000
Subsequent event | U.S. Agency | Signature Bank
Subsequent Event [Line Items]
Debt Securities													$ 918,000
Subsequent event | Equity securities | Visa Inc. [Member]
Subsequent Event [Line Items]
Number of shares of equity securities to be sold	7,859
Purchase price	$ 1,700,000
Cost of equity securities	$ 0