AmeriServ Financial (ASRV) 10-K 27 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 20, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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
Document Financial Statement Error Correction Flag	false
Entity Shell Company	false
Entity Public Float			$ 39,950,006
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	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from depository institutions	$ 9,678	$ 18,830
Interest bearing deposits and short-term investments	4,349	4,132
Cash and cash equivalents	14,027	22,962
Investment securities, net of allowance for credit losses:
Available for sale, at fair value (allowance for credit losses $926 on December 31, 2023)	165,711	179,508
Held to maturity (fair value $58,621 on December 31, 2023 and $55,192 on December 31, 2022; allowance for credit losses $37 on December 31, 2023)	63,979	61,878
Loans held for sale	130	59
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	1,038,271	990,766
Less: Allowance for credit losses	15,053	10,743
Net loans	1,023,218	980,023
Premises and equipment:
Operating lease right-of-use asset	646	630
Financing lease right-of-use asset	2,384	2,413
Other premises and equipment, net	14,149	14,460
Accrued interest income receivable	5,529	4,804
Intangible assets:
Goodwill	13,611	13,611
Core deposit intangible	101	128
Bank owned life insurance	39,560	38,895
Net deferred tax asset	2,679	2,789
Federal Home Loan Bank stock	5,210	5,754
Federal Reserve Bank stock	2,125	2,125
Other assets	36,579	33,835
TOTAL ASSETS	1,389,638	1,363,874
LIABILITIES
Non-interest bearing deposits	172,070	195,123
Interest bearing deposits	986,290	913,414
Total deposits	1,158,360	1,108,537
Short-term borrowings	40,951	88,641
Advances from Federal Home Loan Bank	44,562	19,765
Operating lease liabilities	658	643
Financing lease liabilities	2,700	2,680
Subordinated debt	26,685	26,644
Total borrowed funds	115,556	138,373
Other liabilities	13,445	10,786
TOTAL LIABILITIES	1,287,361	1,257,696
SHAREHOLDERS' EQUITY
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,776,089 shares issued and 17,147,270 shares outstanding on December 31, 2023; 26,746,436 shares issued and 17,117,617 shares outstanding on December 31, 2022	268	267
Treasury stock at cost, 9,628,819 shares on December 31, 2023 and December 31, 2022	(83,280)	(83,280)
Capital surplus	146,364	146,225
Retained earnings	58,901	65,486
Accumulated other comprehensive loss, net	(19,976)	(22,520)
TOTAL SHAREHOLDERS' EQUITY	102,277	106,178
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,389,638	$ 1,363,874

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS
Allowance for credit losses	$ 926,000
Held to maturity securities, fair value	58,621,000	$ 55,192,000
Held to maturity, allowance for credit losses	37,000
Unearned income	$ 483,000	$ 343,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	26,776,089	26,746,436
Common stock, shares outstanding	17,147,270	17,117,617
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and fees on loans
Taxable	$ 51,539	$ 41,413	$ 40,496
Tax exempt	89	71	89
Interest bearing deposits and short-term investments	251	209	60
Investment securities:
Available for sale	7,059	5,610	4,543
Held to maturity	1,922	1,755	1,481
Total Interest Income	60,860	49,058	46,669
INTEREST EXPENSE
Deposits	21,014	6,424	4,806
Short-term borrowings	1,944	364	1
Advances from Federal Home Loan Bank	731	553	875
Financing lease liabilities	97	100	106
Guaranteed junior subordinated deferrable interest debentures			944
Subordinated debt	1,054	1,054	854
Total Interest Expense	24,840	8,495	7,586
Net Interest Income	36,020	40,563	39,083
Provision for credit losses	7,429	50	1,100
Net Interest Income after Provision for Credit Losses	28,591	40,513	37,983
NON-INTEREST INCOME
Non-interest income	14,493	14,737	14,968
Net gains on loans held for sale	169	208	664
Mortgage related fees	131	115	358
Net realized gains (losses) on investment securities	(922)		84
Gain on sale of Visa Class B shares	1,748
Bank owned life insurance	1,047	1,089	1,117
Other income	1,787	2,552	2,587
Total Non-Interest Income	16,389	16,692	17,761
NON-INTEREST EXPENSE
Salaries and employee benefits	29,628	28,492	27,847
Net occupancy expense	2,917	2,883	2,620
Equipment expense	1,623	1,636	1,582
Professional fees	5,317	3,210	2,872
Data processing and IT expense	4,430	3,945	3,666
Supplies, postage and freight	668	651	668
Miscellaneous taxes and insurance	1,301	1,373	1,236
Federal deposit insurance expense	715	515	655
Branch acquisition costs			389
Other expense	2,769	5,299	5,435
Total Non-Interest Expense	49,368	48,004	46,970
PRETAX INCOME (LOSS)	(4,388)	9,201	8,774
Provision (benefit) for income taxes	(1,042)	1,753	1,702
NET INCOME (LOSS)	$ (3,346)	$ 7,448	$ 7,072
Basic:
Net income (loss)	$ (0.20)	$ 0.44	$ 0.41
Average number of shares outstanding	17,143	17,107	17,073
Diluted:
Net income (loss)	$ (0.20)	$ 0.43	$ 0.41
Average number of shares outstanding	17,144	17,146	17,114
Cash dividends declared (in $ per share)	$ 0.120	$ 0.115	$ 0.100
Wealth management fees
NON-INTEREST INCOME
Non-interest income	$ 11,266	$ 11,620	$ 11,986
Service charges on deposit accounts
NON-INTEREST INCOME
Non-interest income	$ 1,163	$ 1,108	$ 965

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ (3,346,000)	$ 7,448,000	$ 7,072,000
Other comprehensive income (loss)
Pension obligation change for defined benefit plan	2,137,000	400,000	11,189,000
Income tax effect	(449,000)	(84,000)	(2,350,000)
Unrealized holding gains (losses) on available for sale securities arising during period	606,000	(20,664,000)	(2,642,000)
Income tax effect	(127,000)	4,340,000	555,000
Reclassification adjustment for net realized (gains) losses on available for sale securities included in net income	922,000		(84,000)
Income tax effect	(193,000)		18,000
Fair value change for interest rate hedge	(446,000)
Income tax effect	94,000
Other comprehensive income (loss)	2,544,000	(16,008,000)	6,686,000
Comprehensive income (loss)	$ (802,000)	$ (8,560,000)	$ 13,758,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	COMMON STOCK	TREASURY STOCK	CAPITAL SURPLUS	RETAINED EARNINGS Impact of adopting ASU 2016-13	RETAINED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE LOSS, NET	Total
Balance at beginning of period at Dec. 31, 2020	$ 267	$ (83,280)	$ 145,969		$ 54,641	$ (13,198)
New common shares issued for exercise of stock options (29,653, 36,117, and 21,356 shares in 2023, 2022, and 2021, respectively)			57
Stock option expense			43
Net Income (Loss)					7,072		$ 7,072
Cash dividend declared on common stock ($0.120, $0.115, and $0.100 per share in 2023, 2022, and 2021, respectively)					(1,708)
Other comprehensive income (loss)						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 (29,653, 36,117, and 21,356 shares in 2023, 2022, and 2021, respectively)			106
Stock option expense			50
Net Income (Loss)					7,448		7,448
Cash dividend declared on common stock ($0.120, $0.115, and $0.100 per share in 2023, 2022, and 2021, respectively)					(1,967)
Other comprehensive income (loss)						(16,008)	(16,008)
Balance at end of period at Dec. 31, 2022	267	(83,280)	146,225		65,486	(22,520)	106,178
New common shares issued for exercise of stock options (29,653, 36,117, and 21,356 shares in 2023, 2022, and 2021, respectively)	1		94
Stock option expense			45
Net Income (Loss)					(3,346)		(3,346)
Cash dividend declared on common stock ($0.120, $0.115, and $0.100 per share in 2023, 2022, and 2021, respectively)					(2,058)
Other comprehensive income (loss)						2,544	2,544
Balance at end of period at Dec. 31, 2023	$ 268	$ (83,280)	$ 146,364	$ (1,181)	$ 58,901	$ (19,976)	$ 102,277

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New common shares issued for exercise of stock options, shares	29,653	36,117	21,356
Cash dividends declared (in $ per share)	$ 0.120	$ 0.115	$ 0.100
COMMON STOCK
New common shares issued for exercise of stock options, shares	29,653	36,117	21,356
CAPITAL SURPLUS
New common shares issued for exercise of stock options, shares	29,653	36,117	21,356
RETAINED EARNINGS
Cash dividends declared (in $ per share)	$ 0.120	$ 0.115	$ 0.100

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net Income (Loss)	$ (3,346,000)	$ 7,448,000	$ 7,072,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for credit losses	7,429,000	50,000	1,100,000
Depreciation and amortization expense	2,047,000	2,066,000	2,016,000
Amortization expense of core deposit intangible	27,000	30,000	19,000
Amortization of fair value adjustment on acquired time deposits	(33,000)	(101,000)	(98,000)
Net amortization of investment securities	49,000	108,000	222,000
Net realized losses (gains) on investment securities - available for sale	922,000		(84,000)
Net amortization of deferred loan fees	(104,000)	(553,000)	(1,351,000)
Net gains on loans held for sale	(169,000)	(208,000)	(664,000)
Origination of mortgage loans held for sale	(9,210,000)	(9,421,000)	(13,806,000)
Sales of mortgage loans held for sale	9,308,000	10,553,000	19,737,000
(Increase) decrease in accrued interest receivable	(725,000)	(820,000)	1,084,000
Increase (decrease) in accrued interest payable	3,069,000	45,000	(490,000)
Earnings on bank-owned life insurance	(1,047,000)	(1,089,000)	(1,117,000)
Deferred income taxes	(565,000)	533,000	729,000
Stock compensation expense	45,000	50,000	43,000
Net change in operating leases	(70,000)	(84,000)	(94,000)
Other, net	(1,339,000)	(3,398,000)	(4,379,000)
Net cash provided by operating activities	6,288,000	5,209,000	9,939,000
INVESTING ACTIVITIES
Purchase of investment securities - available for sale	(21,255,000)	(58,207,000)	(61,578,000)
Purchase of investment securities - held to maturity	(7,970,000)	(11,104,000)	(16,272,000)
Proceeds from maturities of investment securities - available for sale	17,973,000	19,638,000	38,826,000
Proceeds from maturities of investment securities - held to maturity	5,770,000	2,918,000	6,665,000
Proceeds from sales of investment securities - available for sale	16,772,000	1,519,000	960,000
Purchase of regulatory stock	(19,672,000)	(11,143,000)	(1,799,000)
Proceeds from redemption of regulatory stock	20,216,000	8,081,000	3,928,000
Long-term loans originated	(200,770,000)	(223,704,000)	(313,125,000)
Principal collected on long-term loans	149,897,000	216,787,000	301,498,000
Purchases of premises and equipment	(1,381,000)	(2,080,000)	(1,241,000)
Proceeds from sale of other real estate owned and repossessed assets	39,000	14,000	8,000
Cash acquired in branch acquisition, net			40,431,000
Proceeds from life insurance policies	387,000	1,000,000	1,211,000
Net cash used in investing activities	(39,994,000)	(56,281,000)	(488,000)
FINANCING ACTIVITIES
Net increase (decrease) in deposit balances	49,856,000	(30,740,000)	42,124,000
Net (decrease) increase in other short-term borrowings	(47,690,000)	88,641,000	(24,702,000)
Principal borrowings on advances from Federal Home Loan Bank	42,365,000		2,000,000
Principal repayments on advances from Federal Home Loan Bank	(17,568,000)	(22,888,000)	(24,336,000)
Principal payments on financing lease liabilities	(228,000)	(219,000)	(210,000)
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	94,000	106,000	57,000
Common stock dividend paid	(2,058,000)	(1,967,000)	(1,708,000)
Net cash provided by financing activities	24,771,000	32,933,000	146,000
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(8,935,000)	(18,139,000)	9,597,000
CASH AND CASH EQUIVALENTS AT JANUARY 1	22,962,000	41,101,000	31,504,000
CASH AND CASH EQUIVALENTS AT DECEMBER 31	$ 14,027,000	$ 22,962,000	$ 41,101,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
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. AmeriServ Trust and Financial Services Company (the Trust Company) offers a complete range of trust and financial services and administers assets valued at approximately $2.5 billion and $2.3 billion that are not recognized on the Company’s Consolidated Balance Sheets at December 31, 2023 and 2022, respectively. PRINCIPLES OF CONSOLIDATION: The consolidated financial statements include the accounts of AmeriServ Financial, Inc. and its wholly-owned subsidiaries, AmeriServ Financial Bank (the Bank) and the Trust Company. The Bank is a Pennsylvania state-chartered full service bank with 16 locations in Pennsylvania and 1 location in Maryland. 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 credit losses (related to investment securities, loans, and unfunded commitments), pension, and derivatives (interest rate swaps/hedges). 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. Realized gains or losses on securities sold are computed upon the adjusted cost of the specific securities sold. 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. 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. Allowance for Credit Losses – Held to Maturity Securities The Company measures expected credit losses on held to maturity debt securities, which are comprised of U.S. government agency and mortgage-backed securities as well as taxable municipal, corporate, and other bonds. The Company’s agency and mortgage-backed securities are issued by U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. As such, no allowance for credit losses has been established for these securities. The allowance for credit losses on the taxable municipal, corporate, and other bonds within the held to maturity securities portfolio is calculated using the probability of default/loss given default (PD/LGD) method. The calculation is completed on a quarterly basis using the default studies provided by an industry leading source. Additionally, based on management judgment, certain qualitative adjustments, such as the Company’s historical loss experience and/or the issuer’s credit quality, may be applied. At December 31, 2023, the allowance for credit losses on the held to maturity securities portfolio totaled $37,000. The allowance for credit losses on held to maturity debt securities is included within investment securities held to maturity on the Consolidated Balance Sheets. Changes in the allowance for credit losses are recorded within provision for credit losses on the Consolidated Statements of Operations. Accrued interest receivable on held to maturity debt securities totaled $388,000 at December 31, 2023 and is included within accrued interest income receivable on the Consolidated Balance Sheets. This amount is excluded from the estimate of expected credit losses. Held to maturity debt securities are typically classified as non-accrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When held to maturity debt securities are placed on non-accrual status, unpaid interest credited to income is reversed. The Company had no held to maturity debt securities in non-accrual status at December 31, 2023. Allowance for Credit Losses – Available for Sale Securities The Company measures expected credit losses on available for sale debt securities when the Company does not intend to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available for sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. At December 31, 2023, the allowance for credit losses on the available for sale securities portfolio totaled $926,000. The allowance for credit losses on available for sale debt securities is included within investment securities available for sale on the Consolidated Balance Sheets. Changes in the allowance for credit losses are recorded within provision for credit losses on the Consolidated Statements of Operations. Losses are charged against the allowance when the Company believes the collectability of an available for sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available for sale debt securities totaled $988,000 at December Credit Losses on Investment Securities – Prior to adopting ASU 2016-13 The Company adopted ASU 2016-13 effective January 1, 2023. Financial statement amounts related to investment securities recorded as of December 31, 2022 and for the period ending December 31, 2022 are presented in accordance with the accounting policies described in the following paragraphs. 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 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 term other than temporary is not intended to indicate that the decline is permanent but indicates that the prospects for a near-term recovery of value are not necessarily favorable or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Declines in the fair value of securities below their cost that are deemed to be other than temporary are separated into (a) the amount of the total other than temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other than temporary impairment related to all other factors. The amount of the total other than temporary impairment related to the credit loss is recognized in earnings. The amount of the total other than temporary impairment related to all other factors is recognized in other comprehensive income (loss). At December 31, 2022, 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. 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 that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of any deferred fees or costs and an allowance for credit losses. Interest income is accrued on the unpaid principal balance and is recognized using the level yield method. As of December 31, 2023 and 2022, accrued interest receivable on loans totaled $4.2 million and $3.5 million, respectively, which is reported in accrued interest income receivable on the Consolidated Balance Sheets and is excluded from the estimate of credit losses. 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. Generally, a non-accrual commercial or consumer loan is returned to accrual status after becoming current and remaining current for twelve consecutive payments. Residential mortgage loans are returned to accrual status upon becoming current. LOAN FEES: Loan origination and commitment fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the yield (interest income) over the contractual life of the loan. 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 ASC 842, the lessee can elect to not record on the Consolidated Balance Sheets a lease whose term is twelve months or less and does not include a purchase option that the lessee is reasonably certain to exercise. As of December 31, 2023, the Company had no short-term leases compared to one short-term lease for an office location as of December 31, 2022. ALLOWANCE FOR CREDIT LOSSES – LOANS: The allowance for credit losses (ACL) is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged-off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. ​ The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. ​ The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. The Company has aligned our segmentation to the quarterly Call Report. This allowed the Company to use not only our data, but also peer institutions to supplement loss observations in determining our qualitative adjustments. Some further sub-segmenting was performed on the commercial and industrial (C&I) and commercial real estate (CRE) portfolios based on collateral type. The Company has identified the following portfolio segments: ​ ● C&I and CRE Owner Occupied – Real Estate ● C&I and CRE Owner Occupied – Other ● CRE Non-Owner Occupied – Retail ● CRE Non-Owner Occupied – Multi-Family ● CRE Non-Owner Occupied – Other ● Residential Mortgages ● Consumer ​ The Company is utilizing the static pool analysis (cohort) method for our CECL model. 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. Once historical cohorts are established, the loans in each individual cohort are tracked over their remaining lives for loss and recovery events. Each cohort is evaluated individually and as a result, a loss may be counted in several different quarterly cohort periods, as long as the specific loan existed in the population of each of those cohort periods. Historical credit loss experience is the basis for the estimation of expected credit losses. The Company applies historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already captured in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment is based on a blend of peer and Company data as well as management judgment. Including peer data addresses the Company’s lack of loss history in some pools of loans. For periods beyond our reasonable and supportable forecast period of two years, loss expectations revert to the long-run historical mean. The qualitative adjustments for current conditions are based upon the following factors: ​ ● changes in lending policies and procedures; ● changes in economic conditions; ● changes in the nature and volume of the portfolio; ● staff experience; ● changes in volume and severity of delinquency, non-performing loans, and classified loans; ● changes in the quality of the Company’s loan review system; ● trends in underlying collateral value; ● concentration risk; and ● external factors: competition, legal, regulatory. ​ These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve. Ultimately, 49% of the fourth quarter of 2023 general reserve represented qualitative adjustment with 51% representing quantitative reserve. In accordance with ASU 2016-13, the Company will evaluate individual loans for expected credit losses when those loans do not share similar risk characteristics with loans evaluated using a collective (pooled) basis. In contrast to legacy accounting standards, this criterion is broader than the impairment concept and management may evaluate loans individually even when no specific expectation of collectability is in place. Loans will not be included in both collective and individual analysis. The individual analysis will establish a specific reserve for loans in scope. It should be noted that there is a review threshold of $150,000 or more for loans being subject to individual evaluation within the consumer and residential mortgage segments. ​ Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. 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 is made on a quarterly basis. ​ 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 credit 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 Chief Credit Officer 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 Chief Credit Officer determines 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 Chief Credit Officer and not the originating account officer. Allowance for Loan Losses – Prior to adopting ASU 2016-13 ​ Prior to the adoption of ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ​ 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. 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 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, and (3) a general risk reserve which provides support for variance from our assessment of the 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 risk 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. Specifically, 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. Pass rated credits are segregated from criticized and classified credits for the application of qualitative factors. ● 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. ​ The 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, the amount of non-performing loans, and past and anticipated loss experience. ALLOWANCE FOR CREDIT LOSSES – UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT: The Company estimates expected credit losses over the contractual period in which it is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable. The allowance for credit losses on off-balance sheet credit exposures is adjusted through the provision for credit losses line on the Consolidated Statements of Operations. The estimate includes consideration of the likelihood that funding will occur and an estimate of exp

ADOPTION OF ACCOUNTING STANDARD

ADOPTION OF ACCOUNTING STANDARDS	12 Months Ended
	Dec. 31, 2023
ADOPTION OF ACCOUNTING STANDARDS
ADOPTION OF ACCOUNTING STANDARDS	2. ADOPTION OF ACCOUNTING STANDARDS In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted ASU 2016-13, and subsequent related updates, using the modified retrospective approach for all financial assets measured at amortized cost, including loans and held to maturity debt securities, as well as unfunded commitments. On January 1, 2023, the Company recorded a cumulative effect decrease to retained earnings of $1.2 million, net of tax, of which $951,000 related to loans, $90,000 related to held to maturity debt securities, and $140,000 related to unfunded commitments. In addition, the Company adopted the provisions of ASU 2016-13 related to presenting other-than-temporary impairment on available for sale debt securities on January 1, 2023, though no such charges were recorded on the securities held by the Company as of the date of adoption. It should be noted that the Company expanded the pooling utilized under the legacy incurred loss method to include additional segmentation based on risk within the loan portfolio. The following table presents the impact of the change from the incurred loss model to the current expected credit loss model. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ JANUARY 1, 2023 ​ Pre-ASU 2016-13 Impact of ASU 2016-13 Adoption As Reported Under ASU 2016-13 ​ ​ (IN THOUSANDS) Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses - held to maturity securities ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal ​ $ — ​ $ 3 ​ $ 3 Corporate bonds and other securities ​ ​ — ​ ​ 111 ​ ​ 111 Allowance for credit losses - held to maturity securities ​ $ — ​ $ 114 ​ $ 114 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans, net of unearned income ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate (owner occupied) ​ $ 75,158 ​ $ 6,201 ​ $ 81,359 Other commercial and industrial ​ ​ 153,420 ​ ​ (31) ​ ​ 153,389 Commercial real estate (non-owner occupied) - retail ​ ​ — ​ ​ 148,901 ​ ​ 148,901 Commercial real estate (non-owner occupied) - multi-family ​ ​ — ​ ​ 106,423 ​ ​ 106,423 Other commercial real estate (non-owner occupied) ​ ​ 450,744 ​ ​ (225,831) ​ ​ 224,913 Residential mortgages ​ ​ 297,971 ​ ​ (124,194) ​ ​ 173,777 Consumer ​ ​ 13,473 ​ ​ 88,531 ​ ​ 102,004 Loans, net of unearned income ​ $ 990,766 ​ $ — ​ $ 990,766 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses - loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate (owner occupied) ​ $ — ​ $ 1,380 ​ $ 1,380 Other commercial and industrial ​ ​ — ​ ​ 2,908 ​ ​ 2,908 Commercial real estate (non-owner occupied) - retail ​ ​ — ​ ​ 1,432 ​ ​ 1,432 Commercial real estate (non-owner occupied) - multi-family ​ ​ — ​ ​ 1,226 ​ ​ 1,226 Other commercial real estate (non-owner occupied) ​ ​ 5,972 ​ ​ (2,776) ​ ​ 3,196 Commercial (owner occupied real estate and other) ​ ​ 2,653 ​ ​ (2,653) ​ ​ — Residential mortgages ​ ​ 1,380 ​ ​ (355) ​ ​ 1,025 Consumer ​ ​ 85 ​ ​ 695 ​ ​ 780 Allocation for general risk ​ ​ 653 ​ ​ (653) ​ ​ — Allowance for credit losses - loans ​ $ 10,743 ​ $ 1,204 ​ $ 11,947 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses - unfunded commitments ​ $ 746 ​ $ 177 ​ $ 923 ​ In summary, the adoption of ASU 2016-13 necessitated a day one increase of $1.2 million be made to the allowance for credit losses on our loan portfolio and a $177,000 increase to the allowance for credit losses on unfunded commitments. Furthermore, based on the credit quality of the Company’s HTM debt securities portfolio, the day one allowance for credit losses on our HTM securities portfolio totaled only $114,000. Additional disclosures regarding the allowance for credit losses are included within Note 1 – Summary of Significant Accounting Policies, Note 5 – Investment Securities, Note 7 – Allowance for Credit Losses – Loans, and Note 17 – Commitments and Contingent Liabilities. ​ In January 2023, the Company adopted ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures Upon adoption of this guidance, the Company no longer establishes a specific reserve for modifications to borrowers experiencing financial difficulty. Instead, these modifications are included in their respective homogenous loan pools. Additionally, the amendments of ASU 2022-02 require the Company to disclose current-period gross charge-offs by year of origination within the vintage disclosures. The vintage disclosures contain the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. This guidance was applied on a prospective basis.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2023
Revenue Recognition
Revenue Recognition	3. REVENUE RECOGNITION ASU 2014-09, Revenue from Contracts with Customers Topic Non-interest income within the scope of Topic 606 is 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, 2023 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, 2023, 2022, and 2021 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2023 2022 2021 Non-interest income: ​ ​ ​ ​ ​ ​ ​ ​ ​ In-scope of Topic 606 ​ ​ ​ Wealth management fees ​ $ 11,266 ​ $ 11,620 ​ $ 11,986 Service charges on deposit accounts ​ 1,163 ​ 1,108 ​ 965 Other ​ 2,064 ​ 2,009 ​ 2,017 Non-interest income (in-scope of Topic 606) ​ 14,493 ​ 14,737 ​ 14,968 Non-interest income (out-of-scope of Topic 606) ​ 1,896 ​ 1,955 ​ 2,793 Total non-interest income ​ $ 16,389 ​ $ 16,692 ​ $ 17,761 ​

CASH AND DUE FROM DEPOSITORY IN

CASH AND DUE FROM DEPOSITORY INSTITUTIONS	12 Months Ended
	Dec. 31, 2023
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 $9.7 million and $18.8 million as of December 31, 2023 and 2022, respectively. The Federal Reserve reduced reserve requirements to zero as of March 26, 2020. ​

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2023
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, 2023 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ALLOWANCE ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FOR CREDIT ​ FAIR ​ COST BASIS GAINS LOSSES ​ LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 6,035 ​ $ — ​ $ (696) ​ $ — ​ $ 5,339 U.S. Agency mortgage-backed securities ​ 104,820 ​ 179 ​ (11,924) ​ ​ — ​ 93,075 Municipal ​ 11,159 ​ 1 ​ (800) ​ ​ — ​ 10,360 Corporate bonds ​ 62,004 ​ 46 ​ (4,187) ​ ​ (926) ​ 56,937 Total ​ $ 184,018 ​ $ 226 ​ $ (17,607) ​ $ (926) ​ $ 165,711 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ALLOWANCE ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ FOR CREDIT ​ COST BASIS GAINS LOSSES ​ VALUE LOSSES ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 2,500 ​ $ — ​ $ (379) ​ $ 2,121 ​ $ — U.S. Agency mortgage-backed securities ​ ​ 24,222 ​ ​ 49 ​ ​ (2,058) ​ ​ 22,213 ​ ​ — Municipal ​ 32,787 ​ — ​ (2,797) ​ 29,990 ​ (2) Corporate bonds and other securities ​ 4,470 ​ — ​ (173) ​ 4,297 ​ (35) Total ​ $ 63,979 ​ $ 49 ​ $ (5,407) ​ $ 58,621 ​ $ (37) ​ 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 ​ 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, 2023. Management conducted a review of the investment securities portfolio in order to identify exposures to issuers within foreign countries experiencing significant economic, fiscal, and/or political strains. Given the instablity and continuing military conflict between Israel and Hamas, the nation of Israel has been identified by management as significantly strained. At December 31, 2023, the Company had State of Israel Jubilee bonds within the held to maturity portfolio with an amortized cost of $2.0 million and a fair value of $1.9 million. The 3 ​ The Company realized $5,000 of gross investment security gains and $927,000 of gross investment security losses in 2023, realized $5,000 of gross investment security gains and $5,000 of gross investment security losses in 2022, and realized $84,000 of gross investment security gains in 2021. On a net basis, the realized loss for 2023 was $729,000 after factoring in an income tax benefit of $193,000, the realized gain for 2022 was zero, and the realized gain for 2021 was $66,000 after factoring in income tax expense of $18,000. Proceeds from sales of investment securities available for sale were $16.8 million for 2023, $1.5 million for 2022, and $960,000 for 2021. The carrying value of securities, both available for sale and held to maturity, pledged to secure public and trust deposits was $135,624,000 at December 31, 2023 and $134,002,000 at December 31, 2022. The interest rate environment and market yields can 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, 2023, the Company had low premium risk as the book value of our mortgage-backed securities purchased at a premium was only 100.8% of the par value. The Company’s consolidated investment securities portfolio had an effective duration of approximately 4.12 years. The weighted average expected maturity for available for sale securities at December 31, 2023 for U.S. agency, U.S. agency mortgage-backed, corporate bond, and municipal securities was 6.92, 7.46, 3.72, and 3.05 years, respectively. The weighted average expected maturity for held to maturity securities at December 31, 2023 for U.S. agency, U.S. agency mortgage-backed, corporate bond/other securities, and municipal securities was 6.72, 8.85, 3.36, and 4.69 years, respectively. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without prepayment penalties. The following table sets forth the contractual maturity distribution of the investment securities, cost basis and fair market values as of December 31, 2023. Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 500 $ 2,112 $ 5,012 $ — ​ $ 7,624 After 1 year but within 5 years ​ 176 4,511 29,020 1,667 ​ 35,374 After 5 years but within 10 years ​ 4,000 4,536 27,322 5,717 ​ 41,575 Over 10 years ​ 1,359 — 650 97,436 ​ 99,445 Total ​ $ 6,035 $ 11,159 $ 62,004 $ 104,820 ​ $ 184,018 FAIR VALUE ​ Within 1 year ​ $ 499 $ 2,085 $ 4,940 ​ $ — ​ $ 7,524 After 1 year but within 5 years ​ 169 4,336 27,762 ​ 1,615 ​ 33,882 After 5 years but within 10 years ​ 3,434 3,939 23,759 ​ 5,429 ​ 36,561 Over 10 years ​ 1,237 — 476 ​ 86,031 ​ 87,744 Total ​ $ 5,339 $ 10,360 $ 56,937 ​ $ 93,075 ​ $ 165,711 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — $ 1,211 $ 1,000 $ 971 $ 3,182 After 1 year but within 5 years ​ — ​ 13,108 ​ 2,002 ​ — ​ 15,110 After 5 years but within 10 years ​ 2,500 ​ 17,174 ​ 488 ​ 1,322 ​ 21,484 Over 10 years ​ — ​ 1,294 ​ 980 ​ 21,929 ​ 24,203 Total ​ $ 2,500 ​ $ 32,787 ​ $ 4,470 ​ $ 24,222 ​ $ 63,979 FAIR VALUE ​ Within 1 year ​ $ — $ 1,195 $ 969 $ 964 $ 3,128 After 1 year but within 5 years ​ — ​ 12,580 ​ 1,860 ​ — ​ 14,440 After 5 years but within 10 years ​ 2,121 ​ 15,143 ​ 488 ​ 1,280 ​ 19,032 Over 10 years ​ — ​ 1,072 ​ 980 ​ 19,969 ​ 22,021 Total ​ $ 2,121 ​ $ 29,990 ​ $ 4,297 ​ $ 22,213 ​ $ 58,621 ​ The following table summarizes the available for sale debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded as of December 31, 2023, aggregated by security type and length of time in a continuous loss position (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ LESS THAN 12 MONTHS ​ 12 MONTHS OR LONGER ​ TOTAL ​ ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency ​ $ — ​ $ — ​ $ 5,339 ​ $ (696) ​ $ 5,339 ​ $ (696) U.S. Agency mortgage-backed securities ​ ​ 4,120 ​ ​ (20) ​ ​ 73,511 ​ ​ (11,904) ​ ​ 77,631 ​ ​ (11,924) Municipal ​ — ​ ​ — ​ ​ 10,109 ​ ​ (800) ​ ​ 10,109 ​ ​ (800) Corporate bonds ​ 8,885 ​ ​ (103) ​ ​ 42,659 ​ ​ (4,084) ​ ​ 51,544 ​ ​ (4,187) Total ​ $ 13,005 ​ $ (123) ​ $ 131,618 ​ $ (17,484) ​ $ 144,623 ​ $ (17,607) ​ At December 31, 2023, within the available for sale debt securities portfolio, the Company had two U.S. Agency mortgage-backed securities and ten corporate bonds that have been in a gross unrealized loss position for less than 12 months with depreciation of 0.9% from its amortized cost basis. Additionally, at December 31, 2023, within the available for sale debt securities portfolio, the Company had ​ These 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 decrease, the fair value of securities will increase. Management generally views changes in fair value caused by changes in interest rates as temporary; therefore, no provision for credit losses has been recorded for these securities. 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 Company recorded a $926,000 provision for credit losses on available for sale debt securities during 2023. The recognition of the loss resulted from a subordinated debt investment issued by Signature Bank which was closed by 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. Management reviewed the Form 10-K for the year ended December 31, 2022 filed by Signature Bank, which was filed on March 1, 2023, and determined that no circumstances existed to indicate that the debt security held by the Company was impaired as of December 31, 2022. Specifically, as of December 31, 2022, Signature Bank had total assets of $110.4 billion, net income of $1.3 billion for the year then ended, and demonstrated strong regulatory capital ratios. The corporate security has been placed in non-accrual status and approximately $17,000 of unpaid interest previously credited to income was reversed. The following table presents the activity in the allowance for credit losses on held to maturity debt securities by major security type for the year ended December 31, 2023 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 ​ ​ Balance at ​ Impact of Adopting ​ Charge- ​ ​ ​ ​ Provision ​ Balance at ​ ​ December 31, 2022 ​ ASU 2016-13 ​ Offs ​ Recoveries ​ (Credit) ​ December 31, 2023 U.S. Agency $ — ​ $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Municipal ​ ​ — ​ ​ 3 ​ ​ — ​ ​ — ​ ​ (1) ​ ​ 2 Corporate bonds and other securities ​ ​ — ​ ​ 111 ​ ​ — ​ ​ — ​ ​ (76) ​ ​ 35 Total ​ $ — ​ $ 114 ​ $ — ​ $ — ​ $ (77) ​ $ 37 ​ The Company’s agency and mortgage-backed securities are issued by U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. As such, no allowance for credit losses has been established for these securities. The allowance for credit losses on the taxable municipal, corporate, and other bonds within the held to maturity securities portfolio is calculated using the PD/LGD method. The calculation is completed on a quarterly basis using the default studies provided by an industry leading source. Additionally, based on management judgment, certain qualitative adjustments, such as the Company’s historical loss experience and/or the issuer’s credit quality, may be applied. 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. The Company monitors the credit ratings of its debt securities on a quarterly basis. At December 31, 2023, 55.9% of the portfolio was rated AAA as compared to 52.5% at December 31, 2022. Approximately 15.1% of the portfolio was rated below A or unrated at December 31, 2023 compared to 14.7% at December 31, 2022. Specifically, the following table summarizes the amortized cost of held to maturity debt securities at December 31, 2023, aggregated by credit quality indicator (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ CREDIT RATING ​ ​ AAA/AA/A ​ BBB/BB/B ​ UNRATED ​ TOTAL U.S. Agency $ 2,500 ​ $ — $ — $ 2,500 U.S. Agency mortgage-backed securities ​ ​ 24,222 ​ ​ — ​ ​ — ​ ​ 24,222 Municipal ​ ​ 32,787 ​ ​ — ​ ​ — ​ ​ 32,787 Corporate bonds and other securities ​ ​ 3,002 ​ ​ — ​ ​ 1,468 ​ ​ 4,470 Total ​ $ 62,511 ​ $ — ​ $ 1,468 ​ $ 63,979 ​ The Company had no held to maturity debt securities in non-accrual status or past due 90 days still accruing interest at December 31, 2023. The underlying issuers continue to make timely principal and interest payments on the securities. As of December 31, 2023, 2022, and 2021, the Company reported $499,000, $502,000, and $526,000, 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. No gain or loss on the equity securities (both realized and unrealized) was recorded during 2023. The realized loss on equity securities was $9,000 during 2022 while the realized gain on equity securities was $36,000 during 2021. The unrealized loss was $13,000 in 2022 compared to an unrealized gain of $7,000 in 2021. 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, 2023
LOANS
LOANS	6. LOANS 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 owner occupied commercial real estate loan and the other commercial and industrial loan classes. The commercial real estate loan segment includes the non-owner occupied commercial real estate loan classes of retail, multi-family, and other. The residential mortgage loan segment is comprised of first lien amortizing residential mortgage loans while the consumer loan segment consists primarily of home equity loans secured by residential real estate, installment loans, and overdraft lines of credit associated with customer deposit accounts. ​ The loan portfolio of the Company consists of the following: ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ (IN THOUSANDS) Commercial: ​ ​ ​ Commercial real estate (owner occupied) (1) ​ $ 89,147 Other commercial and industrial ​ ​ 159,424 Commercial real estate (non-owner occupied): ​ ​ Retail (1) ​ ​ 161,961 Multi-family (1) ​ ​ 110,008 Other (1) ​ ​ 240,286 Residential mortgages (1) ​ 174,670 Consumer ​ 102,775 Loans, net of unearned income ​ $ 1,038,271 ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ (IN THOUSANDS) Commercial: ​ ​ ​ Commercial and industrial ​ $ 153,398 Paycheck Protection Program (PPP) ​ ​ 22 Commercial real estate (owner occupied) (1) ​ 75,158 Commercial real estate (non-owner occupied) (1) ​ 450,744 Residential mortgages (1) ​ 297,971 Consumer ​ 13,473 Loans, net of unearned income ​ $ 990,766 (1) Real estate construction loans constituted 3.4% and 4.7% of the Company’s total loans, net of unearned income as of December 31, 2023 and 2022, respectively. Loan balances at December 31, 2023 and 2022 are net of unearned income of $483,000 and $343,000, respectively. The Company has no exposure to subprime mortgage loans in either the loan or investment portfolios. The Company has no direct loan exposures to sovereign or non-sovereign (i.e. financial institutions and corporations) borrowers within foreign countries experiencing significant economic, fiscal, and/or political strains. The Company has no significant industry lending concentrations. Specifically, as of December 31, 2023 and 2022, 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 $615,000 and $587,000 at December 31, 2023 and 2022, respectively. The following tables summarize the loan activity with related parties for the years ended December 31, 2023 and 2022 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 ​ ​ BALANCE AT DECEMBER 31, 2022 ​ ADDITIONS ​ REPAYMENTS ​ BALANCE AT DECEMBER 31, 2023 Loans to related parties ​ $ 587 ​ $ 602 ​ $ 574 ​ $ 615 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2022 ​ ​ BALANCE AT DECEMBER 31, 2021 ​ ADDITIONS ​ REPAYMENTS ​ BALANCE AT DECEMBER 31, 2022 Loans to related parties ​ $ 601 ​ $ 206 ​ $ 220 ​ $ 587 ​

ALLOWANCE FOR CREDIT LOSSES - L

ALLOWANCE FOR CREDIT LOSSES - LOANS	12 Months Ended
	Dec. 31, 2023
ALLOWANCE FOR CREDIT LOSSES - LOANS
ALLOWANCE FOR CREDIT LOSSES - LOANS	7. ALLOWANCE FOR CREDIT LOSSES – LOANS The following tables summarize the rollforward of the allowance for credit losses by loan portfolio segment for the years ended December 31, 2023, 2022, and 2021 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ ​ IMPACT OF ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2022 ​ ​ ADOPTING ASU 2016-13 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate (owner occupied) ​ $ — ​ $ 1,380 ​ $ — ​ $ 24 ​ $ 125 ​ $ 1,529 Other commercial and industrial ​ — ​ 2,908 ​ (480) ​ 3 ​ 599 ​ 3,030 Commercial real estate (non-owner occupied) - retail ​ — ​ 1,432 ​ (2,028) ​ — ​ 4,084 ​ 3,488 Commercial real estate (non-owner occupied) - multi-family ​ — ​ 1,226 ​ — ​ 6 ​ 198 ​ 1,430 Other commercial real estate (non-owner occupied) ​ 5,972 ​ (2,776) ​ (804) ​ 14 ​ 1,022 ​ 3,428 Commercial (owner occupied real estate and other) ​ 2,653 ​ (2,653) ​ — ​ — ​ — ​ — Residential mortgages ​ 1,380 ​ (355) ​ (54) ​ 14 ​ 36 ​ 1,021 Consumer ​ 85 ​ 695 ​ (275) ​ 123 ​ 499 ​ 1,127 Allocation for general risk ​ 653 ​ (653) ​ — ​ — ​ — ​ — Total ​ $ 10,743 ​ $ 1,204 ​ $ (3,641) ​ $ 184 ​ $ 6,563 ​ $ 15,053 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2021 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2022 Commercial ​ $ 3,071 ​ $ (97) ​ $ 4 ​ $ (325) ​ $ 2,653 Commercial real estate (non-owner occupied) ​ 6,392 ​ (1,390) ​ 54 ​ 916 ​ 5,972 Residential mortgages ​ 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 real estate (non-owner occupied) ​ 5,373 ​ — ​ 51 ​ 968 ​ 6,392 Residential mortgages ​ 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 ​ The Company recorded a $6.6 million provision for credit losses on the loan portfolio in 2023 compared to a provision of $50,000 and $1.1 million for the years ended December 31, 2022 and 2021, respectively. The increased provision for credit losses on the loan portfolio during 2023 was necessary due primarily to charge-off activity during the year. Specifically, the Company recognized net loan charge-offs of approximately $3.5 million, or 0.35% of total average loans, for 2023 compared to net loan charge-offs of $1.7 million, or 0.17% of total average loans, for the 2022 year. Rite Aid, a national tenant in several commercial real estate properties financed by the Company, declared bankruptcy in the fourth quarter of 2023. As a result of this action, the Company updated its comprehensive evaluation of its exposure to Rite Aid throughout its loan portfolio as it received information on leases that Rite Aid either rejected or modified. This evaluation required the recognition of on another non-owner occupied CRE loan for a mixed-use retail/office property that has Rite Aid as the major tenant. The remaining balance of this loan transferred into non-accrual status which lead to an increase in non-performing assets. Also contributing to the significant increase in the provision for credit losses in 2023 was an unfavorable adjustment to the historical loss factors used to calculate the allowance for credit losses in accordance with CECL requirements and growth within the loan portfolio. 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 pursued 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. The following tables summarize the loan portfolio and allowance for credit losses by the primary segments of the loan portfolio. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ COMMERCIAL ​ COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ COMMERCIAL ​ ​ ​ REAL ESTATE ​ REAL ESTATE ​ OTHER COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REAL ESTATE ​ OTHER COMMERCIAL ​ (NON-OWNER OCCUPIED) - ​ (NON-OWNER OCCUPIED) - ​ REAL ESTATE ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ Loans: (OWNER OCCUPIED) AND INDUSTRIAL RETAIL MULTI-FAMILY (NON-OWNER OCCUPIED) MORTGAGES CONSUMER TOTAL ​ ​ (IN THOUSANDS) Individually evaluated ​ $ 187 ​ $ 1,694 ​ $ — ​ $ — ​ $ 8,780 ​ $ 173 ​ $ — ​ $ 10,834 Collectively evaluated ​ 88,960 ​ 157,730 ​ 161,961 ​ 110,008 ​ 231,506 ​ 174,497 ​ 102,775 ​ 1,027,437 Total loans ​ $ 89,147 ​ $ 159,424 ​ $ 161,961 ​ $ 110,008 ​ $ 240,286 ​ $ 174,670 ​ $ 102,775 ​ $ 1,038,271 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ COMMERCIAL ​ COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ COMMERCIAL ​ ​ ​ REAL ESTATE ​ REAL ESTATE ​ OTHER COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ REAL ESTATE ​ OTHER COMMERCIAL ​ (NON-OWNER OCCUPIED) - ​ (NON-OWNER OCCUPIED) - ​ REAL ESTATE ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ credit losses: (OWNER OCCUPIED) AND INDUSTRIAL RETAIL MULTI-FAMILY (NON-OWNER OCCUPIED) MORTGAGES CONSUMER TOTAL ​ ​ (IN THOUSANDS) Specific reserve allocation ​ $ — ​ $ 414 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 414 General reserve allocation ​ 1,529 ​ 2,616 ​ 3,488 ​ 1,430 ​ 3,428 ​ 1,021 ​ 1,127 ​ 14,639 Total allowance for credit losses ​ $ 1,529 ​ $ 3,030 ​ $ 3,488 ​ $ 1,430 ​ $ 3,428 ​ $ 1,021 ​ $ 1,127 ​ $ 15,053 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REAL ESTATE ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ Loans: COMMERCIAL (NON-OWNER OCCUPIED) MORTGAGES CONSUMER TOTAL ​ ​ (IN THOUSANDS) Individually evaluated ​ $ 1,989 ​ $ 1,586 ​ $ — ​ $ — ​ $ 3,575 Collectively evaluated ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ ​ ​ REAL ESTATE ​ RESIDENTIAL ​ ​ ​ ​ ALLOCATION FOR ​ ​ ​ credit losses: ​ COMMERCIAL (NON-OWNER OCCUPIED) MORTGAGES CONSUMER GENERAL 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 credit losses ​ $ 2,653 ​ $ 5,972 ​ $ 1,380 ​ $ 85 ​ $ 653 ​ $ 10,743 ​ The following table presents the amortized cost basis of collateral-dependent non-accrual loans by class of loans (in thousands). ​ ​ ​ ​ ​ ​ COLLATERAL TYPE DECEMBER 31, 2023 ​ REAL ESTATE Commercial: ​ ​ ​ Commercial real estate (owner occupied) ​ $ 187 Commercial real estate (non-owner occupied): ​ ​ Other ​ ​ 8,780 Residential mortgages ​ 173 Total ​ $ 9,140 ​ Non-Performing Assets ​ 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, and (iii) other real estate owned (OREO – real estate acquired through foreclosure and in-substance foreclosures) and repossessed assets. ​ Loans will be transferred to non-accrual status when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating the loan include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The following table presents non-accrual loans, loans past due over 90 days still accruing interest, and OREO and repossessed assets by portfolio class (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ NON-ACCRUAL WITH NO ACL NON-ACCRUAL WITH ACL TOTAL NON-ACCRUAL LOANS PAST DUE OVER 90 DAYS STILL ACCRUING ​ OREO AND REPOSSESSED ASSETS TOTAL NON-PERFORMING ASSETS Commercial real estate (owner occupied) ​ $ 187 ​ $ — ​ $ 187 ​ $ — ​ $ — ​ $ 187 Other commercial and industrial ​ ​ — ​ ​ 1,694 ​ ​ 1,694 ​ ​ 211 ​ ​ — ​ ​ 1,905 Commercial real estate (non-owner occupied) - retail ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial real estate (non-owner occupied) - multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other commercial real estate (non-owner occupied) ​ ​ 8,780 ​ ​ — ​ ​ 8,780 ​ ​ — ​ ​ — ​ ​ 8,780 Residential mortgages ​ ​ 173 ​ ​ 545 ​ ​ 718 ​ ​ — ​ ​ 15 ​ ​ 733 Consumer ​ ​ — ​ ​ 788 ​ ​ 788 ​ ​ — ​ ​ — ​ ​ 788 Total ​ $ 9,140 ​ $ 3,027 ​ $ 12,167 ​ $ 211 ​ $ 15 ​ $ 12,393 ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ Non-accrual loans: ​ ​ ​ ​ Commercial and industrial ​ $ 1,989 ​ Commercial real estate (non-owner occupied) ​ ​ 1,586 ​ Residential mortgages ​ 1,577 ​ Consumer ​ ​ 9 ​ Total ​ 5,161 ​ ​ ​ ​ ​ ​ Other real estate owned and repossessed assets: ​ ​ Residential mortgages ​ 38 ​ Consumer ​ 1 ​ Total ​ 39 ​ Total non-performing assets ​ $ 5,200 ​ ​ It should be noted that the Company has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed in non-accrual status, any outstanding interest is reversed against interest income. ​ Non-performing assets increased from $5.2 million at December 31, 2022 to $12.4 million at December 31, 2023 primarily due to the partial charge-down and transfer into non-accrual status of one commercial real estate loan for a mixed-use retail/office property that has Rite Aid as a major tenant. 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, 2023 and 2022, a total of $15,000 and $38,000, respectively, of residential real estate foreclosed assets were included in other assets. As of December 31, 2023, the Company had initiated formal foreclosure procedures on $332,000 of residential mortgages. ​ Overall, the Company has built its allowance for credit losses and maintained solid coverage of both total loans and non-performing assets at December 31, 2023 as indicated by the allowance for credit losses coverage ratio of non-performing assets at 121% while the allowance for credit losses as a percentage of total loans increased to 1.45%. This compares to allowance coverage of non-performing assets of 207%, and total loans of 1.08% as of December 31, 2022. ​ Credit Quality Indicators ​ The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually to classify the loans as to credit risk. ​ 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. Loans in the doubtful category have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. All loans greater than 90 days past due, or for which any portion of the loan represents a specific allocation of the allowance for credit 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 the year ending December 31, 2023 requires review of approximately 25% of the commercial loan portfolio. In addition to loan monitoring by the account officer and Loan Review Department, the Company also requires presentation of all credits rated pass-6 with aggregate balances greater than $2,000,000, all credits rated special mention or substandard with aggregate balances greater 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, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REVOLVING ​ REVOLVING ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LOANS ​ LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AMORTIZED ​ CONVERTED ​ ​ ​ ​ ​ TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR ​ COST ​ TO ​ ​ ​ ​ 2023 2022 2021 2020 2019 PRIOR BASIS TERM TOTAL ​ ​ (IN THOUSANDS) Commercial real estate (owner occupied) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 17,801 ​ $ 6,750 ​ $ 15,067 ​ $ 8,415 ​ $ 10,322 ​ $ 26,538 ​ $ 351 ​ $ — ​ $ 85,244 Special Mention ​ ​ — ​ ​ — ​ ​ 464 ​ ​ — ​ ​ 2,252 ​ ​ — ​ ​ 923 ​ ​ — ​ ​ 3,639 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 264 ​ ​ — ​ ​ — ​ ​ 264 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 17,801 ​ $ 6,750 ​ $ 15,531 ​ $ 8,415 ​ $ 12,574 ​ $ 26,802 ​ $ 1,274 ​ $ — ​ $ 89,147 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Other commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 22,662 ​ $ 34,816 ​ $ 12,767 ​ $ 5,831 ​ $ 4,912 ​ $ 19,587 ​ $ 56,391 ​ $ 70 ​ $ 157,036 Special Mention ​ ​ — ​ ​ — ​ ​ 127 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 127 Substandard ​ ​ — ​ ​ 619 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,578 ​ ​ 64 ​ ​ — ​ ​ 2,261 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 22,662 ​ $ 35,435 ​ $ 12,894 ​ $ 5,831 ​ $ 4,912 ​ $ 21,165 ​ $ 56,455 ​ $ 70 ​ $ 159,424 Current period gross charge-offs ​ $ — ​ $ 75 ​ $ — ​ $ — ​ $ — ​ $ 405 ​ $ — ​ $ — ​ $ 480 Commercial real estate (non-owner occupied) - retail ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 35,545 ​ $ 23,368 ​ $ 33,110 ​ $ 23,146 ​ $ 9,226 ​ $ 35,102 ​ $ 983 ​ $ — ​ $ 160,480 Special Mention ​ ​ — ​ ​ 314 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,167 ​ ​ — ​ ​ — ​ ​ 1,481 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 35,545 ​ $ 23,682 ​ $ 33,110 ​ $ 23,146 ​ $ 9,226 ​ $ 36,269 ​ $ 983 ​ $ — ​ $ 161,961 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,028 ​ $ — ​ $ — ​ $ 2,028 Commercial real estate (non-owner occupied) - multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 22,620 ​ $ 16,767 ​ $ 16,622 ​ $ 12,041 ​ $ 9,638 ​ $ 28,632 ​ $ 1,321 ​ $ — ​ $ 107,641 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ 966 ​ ​ 1,278 ​ ​ 123 ​ ​ — ​ ​ — ​ ​ 2,367 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 22,620 ​ $ 16,767 ​ $ 16,622 ​ $ 13,007 ​ $ 10,916 ​ $ 28,755 ​ $ 1,321 ​ $ — ​ $ 110,008 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Other commercial real estate (non-owner occupied) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 29,591 ​ $ 36,398 ​ $ 48,267 ​ $ 20,168 ​ $ 23,025 ​ $ 54,792 ​ $ 5,670 ​ $ — ​ $ 217,911 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,777 ​ ​ — ​ ​ — ​ ​ 3,777 Substandard ​ ​ — ​ ​ 1,043 ​ ​ — ​ ​ — ​ ​ 6,243 ​ ​ 11,113 ​ ​ — ​ ​ 199 ​ ​ 18,598 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 29,591 ​ $ 37,441 ​ $ 48,267 ​ $ 20,168 ​ $ 29,268 ​ $ 69,682 ​ $ 5,670 ​ $ 199 ​ $ 240,286 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 804 ​ $ — ​ $ — ​ $ — ​ $ 804 Total by risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 128,219 ​ $ 118,099 ​ $ 125,833 ​ $ 69,601 ​ $ 57,123 ​ $ 164,651 ​ $ 64,716 ​ $ 70 ​ $ 728,312 Special Mention ​ ​ — ​ ​ 314 ​ ​ 591 ​ ​ — ​ ​ 2,252 ​ ​ 4,944 ​ ​ 923 ​ ​ — ​ ​ 9,024 Substandard ​ ​ — ​ ​ 1,662 ​ ​ — ​ ​ 966 ​ ​ 7,521 ​ ​ 13,078 ​ ​ 64 ​ ​ 199 ​ ​ 23,490 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 128,219 ​ $ 120,075 ​ $ 126,424 ​ $ 70,567 ​ $ 66,896 ​ $ 182,673 ​ $ 65,703 ​ $ 269 ​ $ 760,826 Current period gross charge-offs ​ $ — ​ $ 75 ​ $ — ​ $ — ​ $ 804 ​ $ 2,433 ​ $ — ​ $ — ​ $ 3,312 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 real estate (owner occupied) ​ 74,187 ​ — ​ 971 ​ — ​ 75,158 Commercial real estate (non-owner occupied) ​ 423,486 ​ 11,015 ​ 16,240 ​ 3 ​ 450,744 Total ​ $ 646,056 ​ $ 11,015 ​ $ 22,248 ​ $ 3 ​ $ 679,322 ​ It is generally the policy of the Bank that the outstanding balance of any residential mortgage or home equity 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. It is generally the policy of the Bank that the outstanding balance of any unsecured consumer loan that exceeds 90-days past due as to principal and/or interest is charged-off. Loans past due 90 days or more and loans in non-accrual status are considered non-performing. The following tables present the performing and non-performing outstanding balances of the residential mortgage and consumer loan portfolio classes. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REVOLVING ​ REVOLVING ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LOANS ​ LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AMORTIZED ​ CONVERTED ​ ​ ​ ​ ​ TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR ​ COST ​ TO ​ ​ ​ ​ 2023 2022 2021 2020 2019 PRIOR BASIS TERM TOTAL ​ ​ (IN THOUSANDS) Residential mortgages ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 14,576 ​ $ 11,620 ​ $ 61,172 ​ $ 44,049 ​ $ 7,092 ​ $ 35,443 ​ $ — ​ $ — ​ $ 173,952 Non-performing ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 718 ​ ​ — ​ ​ — ​ ​ 718 Total ​ $ 14,576 ​ $ 11,620 ​ $ 61,172 ​ $ 44,049 ​ $ 7,092 ​ $ 36,161 ​ $ — ​ $ — ​ $ 174,670 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 54 ​ $ — ​ $ — ​ $ 54 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 13,890 ​ $ 20,430 ​ $ 9,782 ​ $ 3,190 ​ $ 1,169 ​ $ 4,515 ​ $ 48,344 ​ $ 667 ​ $ 101,987 Non-performing ​ ​ 15 ​ ​ — ​ ​ — ​ ​ 73 ​ ​ 42 ​ ​ 280 ​ ​ 157 ​ ​ 221 ​ ​ 788 Total ​ $ 13,905 ​ $ 20,430 ​ $ 9,782 ​ $ 3,263 ​ $ 1,211 ​ $ 4,795 ​ $ 48,501 ​ $ 888 ​ $ 102,775 Current period gross charge-offs ​ $ 9 ​ $ 35 ​ $ 43 ​ $ 7 ​ $ 8 ​ $ 173 ​ $ — ​ $ — ​ $ 275 Total by payment performance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 28,466 ​ $ 32,050 ​ $ 70,954 ​ $ 47,239 ​ $ 8,261 ​ $ 39,958 ​ $ 48,344 ​ $ 667 ​ $ 275,939 Non-performing ​ ​ 15 ​ ​ — ​ ​ — ​ ​ 73 ​ ​ 42 ​ ​ 998 ​ ​ 157 ​ ​ 221 ​ ​ 1,506 Total ​ $ 28,481 ​ $ 32,050 ​ $ 70,954 ​ $ 47,312 ​ $ 8,303 ​ $ 40,956 ​ $ 48,501 ​ $ 888 ​ $ 277,445 Current period gross charge-offs ​ $ 9 ​ $ 35 ​ $ 43 ​ $ 7 ​ $ 8 ​ $ 227 ​ $ — ​ $ — ​ $ 329 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ NON- ​ ​ ​ PERFORMING PERFORMING TOTAL ​ ​ (IN THOUSANDS) Residential mortgages ​ $ 296,401 ​ $ 1,570 ​ $ 297,971 Consumer ​ 13,457 ​ 16 ​ ​ 13,473 Total ​ $ 309,858 ​ $ 1,586 ​ $ 311,444 ​ 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, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 – 59 ​ 60 – 89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DAYS ​ DAYS ​ 90 DAYS ​ TOTAL ​ TOTAL ​ CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ​ ​ (IN THOUSANDS) Commercial real estate (owner occupied) ​ $ 88,960 ​ $ — ​ $ — ​ $ 187 ​ $ 187 ​ $ 89,147 Other commercial and industrial ​ ​ 158,290 ​ ​ 526 ​ ​ 22 ​ ​ 586 ​ ​ 1,134 ​ ​ 159,424 Commercial real estate (non-owner occupied) - retail ​ 161,961 ​ — ​ ​ — ​ — ​ — ​ ​ 161,961 Commercial real estate (non-owner occupied) - multi-family ​ 110,008 ​ — ​ ​ — ​ — ​ — ​ ​ 110,008 Other commercial real estate (non-owner occupied) ​ ​ 239,243 ​ ​ — ​ ​ — ​ ​ 1,043 ​ ​ 1,043 ​ ​ 240,286 Residential mortgages ​ 173,647 ​ 437 ​ ​ 18 ​ 568 ​ 1,023 ​ ​ 174,670 Consumer ​ 101,664 ​ 741 ​ ​ 23 ​ 347 ​ 1,111 ​ ​ 102,775 Total ​ $ 1,033,773 ​ $ 1,704 ​ $ 63 ​ $ 2,731 ​ $ 4,498 ​ $ 1,038,271 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 – 59 ​ 60 – 89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DAYS ​ DAYS ​ 90 DAYS ​ TOTAL ​ TOTAL ​ CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ​ ​ (IN THOUSANDS) Commercial and industrial ​ $ 152,314 ​ $ 797 ​ $ 287 ​ $ — ​ $ 1,084 ​ $ 153,398 Paycheck Protection Program (PPP) ​ ​ 22 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 22 Commercial real estate (owner occupied) ​ 74,960 ​ 198 ​ ​ — ​ — ​ 198 ​ ​ 75,158 Commercial real estate (non-owner occupied) ​ 446,809 ​ 3,935 ​ ​ — ​ — ​ 3,935 ​ ​ 450,744 Residential mortgages ​ 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 ​ ​ Loan Modifications to Borrowers Experiencing Financial Difficulty ​ Occasionally, the Company modifies loans to borrowers experiencing financial difficulty as a result of our loss mitigation activities. A variety of solutions are offered to borrowers, including loan modifications that may result in principal forgiveness, interest rate reductions, term extensions, payment delays, or combinations thereof. ​ ● Principal forgiveness includes principal and accrued interest forgiveness. When principal forgiveness is provided, the amount of forgiveness is charged-off against the ACL. ● Interest rate reductions include modifications where the interest rate is reduced and interest is deferred. ● Term extensions extend the original contractual maturity date of the loan. ● Payment delays consist of modifications where we expect to collect the contractual amounts due, but result in a delay in the receipt of payments specified under the original loan terms. We generally consider payment delays to be insignificant when the delay is three months or less. ​ The following table summarizes the amortized cost basis, as of December 31, 2023, of loans modified to borrowers experiencing financial difficulty during the year ended December 31, 2023 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TERM EXTENSION ​ ​ AMORTIZED COST BASIS % OF TOTAL CLASS OF LOANS Residential mortgages ​ $ 37 ​ ​ 0.02 % Total ​ $ 37 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ COMBINATION - INTEREST RATE REDUCTION AND TERM EXTENSION ​ ​ AMORTIZED COST BASIS % OF TOTAL CLASS OF LOANS Other commercial real estate (non-owner occupied) ​ $ 6,243 ​ ​ 2.60 % Total ​ $ 6,243 ​ ​ ​ ​ ​ At December 31, 2023, the Company had no unfunded loan commitments associated with the loan modifications to borrowers experiencing financial difficulty. ​ The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty during the year ended December 31, 2023. ​ ​ ​ ​ TERM EXTENSION LOAN TYPE FINANCIAL EFFECT Residential mortgages ​ During the fourth quarter, provided a maturity date extension of approximately 15 years. ​ ​ ​ COMBINATION - INTEREST RATE REDUCTION AND TERM EXTENSION LOAN TYPE FINANCIAL EFFECT Other commercial real estate (non-owner occupied) ​ During the second quarter, provided seven months of interest only payments at a reduced rate with the remaining portion of interest, totaling approximately $303,000, being deferred until maturity. Additionally, provided three month maturity date extension. A partial charge-down of $804,000 was recorded on this loan in the fourth quarter. ​ The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. During 2023, there was an additional loan modification made to a borrower experiencing financial difficulty in the form of a term extension. This non-accrual, other commercial and industrial loan, in the amount of $405,000, was charged off in the fourth quarter. As of December 31, 2023, the modified loans described in the tables above were current as to payments. The following table details the loans modified as troubled debt restructurings (TDR) 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 real estate (non-owner occupied) 1 ​ $ 1,583 Extension of maturity date with an interest only period at below market interest rate ​

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2023
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	8. PREMISES AND EQUIPMENT An analysis of premises and equipment follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) Land ​ $ 1,225 ​ $ 1,225 Premises ​ 30,624 ​ 30,079 Furniture and equipment ​ 8,258 ​ 8,428 Leasehold improvements ​ 1,196 ​ 1,202 Total at cost ​ 41,303 ​ 40,934 Less: Accumulated depreciation and amortization ​ 27,154 ​ 26,474 Premises and equipment, net ​ $ 14,149 ​ $ 14,460 ​ The Company recorded depreciation and amortization expense of $1.7 million for the years ended December 31, 2023, 2022, and 2021. 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 $293,000, $200,000, and $241,000 for the years ended December 31, 2023, 2022, and 2021, respectively.

LEASE COMMITMENTS

LEASE COMMITMENTS	12 Months Ended
	Dec. 31, 2023
LEASE COMMITMENTS
LEASE COMMITMENTS	9. 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 ASC The following table presents the lease cost associated with both operating and financing leases for the years ended December 31, 2023, 2022, and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ (IN THOUSANDS) Lease cost ​ ​ ​ ​ ​ ​ ​ Financing lease cost: ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use asset ​ $ 277 ​ $ 271 ​ $ 272 Interest expense ​ 97 ​ 100 ​ 106 Operating lease cost ​ ​ 92 ​ ​ 106 ​ ​ 116 Total lease cost ​ $ 466 ​ $ 477 ​ $ 494 ​ The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at December 31, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ ​ 2023 ​ ​ 2022 ​ ​ OPERATING ​ FINANCING ​ ​ OPERATING ​ FINANCING ​ Weighted-average remaining term (years) 8.4 ​ 13.9 ​ ​ 10.0 ​ 15.1 ​ Weighted-average discount rate 3.75 % ​ 3.77 % ​ 3.54 % ​ 3.62 % ​ The following table presents the undiscounted cash flows due related to operating and financing leases as of December 31, 2023 and 2022, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets. ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ OPERATING FINANCING ​ ​ (IN THOUSANDS) Undiscounted cash flows due in: ​ ​ ​ ​ ​ ​ 2024 ​ $ 116 ​ $ 311 2025 ​ 105 ​ 311 2026 ​ 93 ​ 247 2027 ​ 69 ​ 232 2028 ​ 69 ​ 200 Thereafter ​ 312 ​ 2,215 Total undiscounted cash flows ​ 764 ​ 3,516 Discount on cash flows ​ (106) ​ (816) Total lease liabilities ​ $ 658 ​ $ 2,700 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 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, 2023
DEPOSITS.
DEPOSITS	10. DEPOSITS The following table sets forth the balance of the Company’s deposits: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) Demand: ​ ​ Non-interest bearing ​ $ 172,070 ​ $ 195,123 Interest bearing ​ 288,124 ​ 236,746 Savings ​ 119,484 ​ 135,796 Money market ​ 256,205 ​ 254,868 Time deposits ​ 322,477 ​ 286,004 Total deposits ​ $ 1,158,360 ​ $ 1,108,537 (1) Time deposits include certificates of deposit (CDs) and individual retirement accounts (IRAs). ​ The following table sets forth the balance of time deposits as of December 31, 2023 maturing in the periods presented: ​ ​ ​ ​ ​ ​ YEAR: TIME DEPOSITS ​ (IN THOUSANDS) ​ 2024 ​ $ 259,657 ​ 2025 ​ 40,810 ​ 2026 ​ 5,395 ​ 2027 ​ 5,814 ​ 2028 ​ 3,754 ​ 2029 and after ​ 7,047 ​ Total ​ $ 322,477 ​ ​ The aggregate amount of time deposits that exceed the FDIC insurance limit of $250,000 at December 31, 2023 and 2022 are $81.8 million and $74.0 million, respectively. The amount of related party deposits totaled $3,813,000 and $3,135,000 at December 31, 2023 and 2022, respectively.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2023
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	11. SHORT-TERM BORROWINGS Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ FEDERAL ​ ​ ​ ​ FUNDS ​ SHORT-TERM ​ PURCHASED BORROWINGS ​ ​ (IN THOUSANDS, EXCEPT RATES) Balance ​ $ — ​ $ 40,951 ​ Maximum balance at any month end ​ — ​ 75,442 ​ Average balance during year ​ 46 ​ 35,709 ​ Average rate paid for the year ​ 6.04 % 5.44 % Interest rate on year-end balance ​ — ​ 5.68 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ 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, 2023
ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT
ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT	12. ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT Advances from the Federal Home Loan Bank (FHLB) consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ WEIGHTED ​ ​ ​ ​ AVERAGE YIELD BALANCE MATURING ​ (IN THOUSANDS, EXCEPT RATES) 2024 3.23 % $ 7,947 2025 4.43 ​ 2,000 2026 4.29 ​ 12,920 2027 4.33 ​ 10,950 2028 4.50 ​ 10,745 Total advances from FHLB 4.17 ​ $ 44,562 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 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, 2023, the Company had immediately available $294 million of overnight borrowing capability at the FHLB, $40 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, 2023 and 2022 was $26.7 million and $26.6 million, respectively.

DISCLOSURES ABOUT FAIR VALUE ME

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2023
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS	13. 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 Liabilities 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. It should be noted that available for sale securities are reported at fair value, net of any related allowance for credit losses. The fair values of the simultaneous interest rate swaps and the interest rate hedge used for interest rate risk management and the risk participation agreements associated with certain commercial real estate loans 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, 2023 and 2022 by level within the fair value hierarchy (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2023 ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities (1) ​ $ 499 ​ $ 499 ​ $ — ​ $ — Available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Agency ​ 5,339 ​ — ​ 5,339 ​ — U.S. Agency mortgage-backed securities ​ ​ 93,075 ​ ​ — ​ ​ 93,075 ​ ​ — Municipal ​ 10,360 ​ — ​ 10,360 ​ — Corporate bonds ​ 56,937 ​ — ​ 56,937 ​ — Interest rate swap asset (1) ​ 4,582 ​ — ​ 4,582 ​ — Interest rate hedge (2) ​ (446) ​ — ​ (446) ​ — Interest rate swap liability (2) ​ (4,665) ​ — ​ (4,665) ​ — Risk participation agreement (2) ​ (410) ​ — ​ (410) ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2022 ​ 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) ​ — ​ — ​ — ​ — (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 The Company evaluates individual loans for expected credit losses when those loans do not share similar risk characteristics with loans evaluated using a collective (pooled) basis. Individually evaluated 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, 2023, the Company had no individually evaluated loans using the collateral method which were carried at fair value. At December 31, 2022, individually evaluated loans 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. 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 costs 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, 2023 ​ ​ TOTAL ​ (LEVEL 1) (LEVEL 2) (LEVEL 3) Other real estate owned and repossessed assets ​ 15 ​ — ​ — ​ 15 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2022 ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans ​ $ 1,583 ​ $ — ​ $ — ​ $ 1,583 Other real estate owned and repossessed assets ​ 39 ​ — ​ — ​ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information About Level 3 Fair Value Measurements ​ ​ ​ ​ Valuation ​ Unobservable ​ ​ ​ DECEMBER 31, 2023 Fair Value Techniques Input Range (Wgtd Avg) Other real estate owned and repossessed assets ​ 15 Appraisal of Appraisal 63% ( 63% ) ​ ​ ​ collateral (1) adjustments (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ Liquidation ​ 33% ( 33% ) ​ ​ ​ ​ ​ ​ ​ ​ expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Appraisal 0% to 100% (0.2%) ​ ​ ​ collateral (1) adjustments (2) ​ ​ Other real estate owned and repossessed assets 39 Appraisal Appraisal 52% (52%) ​ ​ ​ ​ ​ ​ collateral (1) ​ adjustments (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liquidation ​ 10% to 39% (11%) ​ ​ ​ ​ ​ ​ ​ ​ expenses ​ ​ ​ (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions.

DISCLOSURES ABOUT FAIR VALUE OF

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2023
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	14. 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, 2023 and 2022, for the remaining financial instruments not required to be reported at fair value were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ ​ Fair Value ​ ​ (Level 1) ​ ​ (Level 2) ​ ​ (Level 3) ​ ​ ​ (IN THOUSANDS) FINANCIAL ASSETS: ​ ​ ​ ​ ​ Investment securities – HTM ​ $ 63,979 ​ $ 58,621 ​ $ — ​ $ 56,769 ​ $ 1,852 Loans held for sale ​ 130 ​ ​ 132 ​ ​ 132 ​ — ​ — Loans, net of allowance for credit losses and unearned income ​ 1,023,218 ​ ​ 950,402 ​ ​ — ​ — ​ 950,402 FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ Deposits with stated maturities ​ ​ 322,477 ​ ​ 321,660 ​ ​ — ​ ​ — ​ ​ 321,660 All other borrowings (1) ​ 71,247 ​ 70,061 ​ — ​ — ​ 70,061 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 credit losses 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 (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, 2023
INCOME TAXES
INCOME TAXES	15. INCOME TAXES The expense for income taxes is summarized below and includes both federal and applicable state corporate income taxes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) Current ​ $ (477) ​ $ 1,220 ​ $ 973 Deferred ​ (565) ​ 533 ​ 729 Income tax expense (benefit) ​ $ (1,042) ​ $ 1,753 ​ $ 1,702 ​ The reconciliation between the federal statutory tax rate and the Company’s effective consolidated income tax rate is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2023 ​ 2022 ​ 2021 ​ AMOUNT RATE AMOUNT RATE AMOUNT RATE ​ ​ (IN THOUSANDS, EXCEPT PERCENTAGES) Income tax expense (benefit) based on federal statutory rate ​ $ (921) 21.0 % $ 1,932 21.0 % $ 1,843 21.0 % Tax exempt income ​ (237) 5.4 ​ (244) (2.6) ​ (253) (2.9) ​ Other ​ 116 (2.7) ​ 65 0.7 ​ 112 1.3 ​ Total expense (benefit) for income taxes ​ $ (1,042) 23.7 % $ 1,753 19.1 % $ 1,702 19.4 % ​ The following table highlights the major components comprising the deferred tax assets and liabilities for each of the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) DEFERRED TAX ASSETS: ​ ​ ​ ​ Allowance for credit losses - loans ​ $ 3,161 ​ $ 2,256 Allowance for credit losses - securities ​ 202 ​ — Allowance for credit losses - unfunded commitments ​ 197 ​ 157 Unrealized investment security losses ​ 3,650 ​ 3,971 Premises and equipment ​ 678 ​ 955 Lease liabilities ​ ​ 705 ​ ​ 698 Interest rate hedges ​ 94 ​ — Other ​ 169 ​ 185 Total tax assets ​ 8,856 ​ 8,222 DEFERRED TAX LIABILITIES: ​ ​ ​ ​ Investment accretion ​ (95) ​ (107) Lease right-of-use assets ​ ​ (636) ​ ​ (639) Accrued pension obligation ​ ​ (5,193) ​ ​ (4,494) Other ​ (253) ​ (193) Total tax liabilities ​ (6,177) ​ (5,433) Net deferred tax asset ​ $ 2,679 ​ $ 2,789 ​ At December 31, 2023 and 2022, 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 2019 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, 2023
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	16. 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, ​ 2023 2022 ​ ​ (IN THOUSANDS) CHANGE IN BENEFIT OBLIGATION: ​ ​ Benefit obligation at beginning of year ​ $ 34,906 ​ $ 50,287 Service cost ​ 1,071 ​ ​ 1,419 Interest cost ​ 1,761 ​ ​ 1,462 Actuarial loss (gain) ​ 82 ​ ​ (9,787) Settlements ​ — ​ ​ (7,541) Benefits paid ​ (3,001) ​ ​ (934) Benefit obligation at end of year ​ 34,819 ​ ​ 34,906 CHANGE IN PLAN ASSETS: ​ ​ Fair value of plan assets at beginning of year ​ 56,257 ​ ​ 70,432 Actual return on plan assets ​ 6,079 ​ ​ (9,700) Employer contributions ​ — ​ ​ 4,000 Settlements ​ — ​ ​ (7,541) Benefits paid ​ (3,001) ​ ​ (934) Fair value of plan assets at end of year ​ 59,335 ​ ​ 56,257 Funded status of the plan ​ $ 24,516 ​ $ 21,351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 ​ ​ (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 ​ $ 7,626 ​ $ 9,597 Total ​ $ 7,626 ​ $ 9,597 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) ACCUMULATED BENEFIT OBLIGATION: ​ ​ Accumulated benefit obligation ​ $ 32,137 ​ $ 32,190 ​ The weighted-average assumptions used to determine benefit obligations at December 31, 2023 and 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 WEIGHTED AVERAGE ASSUMPTIONS: ​ Discount rate 5.12 % 5.45 % Salary scale ​ ​ ​ ​ ​ Ages 25-34 ​ 5.00 ​ 5.00 ​ Ages 35-44 ​ 4.00 ​ 4.00 ​ Ages 45-54 ​ 3.00 ​ 3.00 ​ Ages 55+ 2.50 2.50 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) COMPONENTS OF NET PERIODIC BENEFIT COST: ​ ​ ​ ​ Service cost ​ $ 1,071 ​ $ 1,419 ​ $ 1,708 Interest cost ​ 1,761 ​ 1,462 ​ 894 Expected return on plan assets ​ (4,063) ​ (4,193) ​ (4,008) Amortization of net loss ​ 37 ​ 1,330 ​ 2,421 Settlement charge ​ — ​ 2,498 ​ 1,736 Net periodic pension (benefit) cost ​ $ (1,194) ​ $ 2,516 ​ $ 2,751 ​ 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 reduced pension expense in 2023 reflects the retirement of a larger than typical number of employees over the past two years who chose to take a lump sum payment instead of receiving future monthly annuity payments. These individuals are no longer included in the pension plan which therefore favorably impacts the Company’s basic pension expense. Additionally, 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, while no such charge was recognized this year. 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. ​ 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 $24.7 million and $21.3 million, was reclassified to other assets on the Consolidated Balance Sheets as of December 31, 2023 and 2022, respectively. The balance of the accrued pension liability continues to be a positive value as a result of Company contributions to the plan and the revaluation of the obligation. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS ​ ​ ​ ​ Net (gain) loss ​ $ (1,934) ​ $ 4,106 ​ $ (7,153) Recognized loss ​ (37) ​ (3,828) ​ (4,157) Total recognized in other comprehensive loss before tax effect ​ $ (1,971) ​ $ 278 ​ $ (11,310) Total recognized in net benefit cost and other comprehensive loss before tax effect ​ $ (3,165) ​ $ 2,794 ​ $ (8,559) ​ For the year ended December 31, 2023, actuarial gains/losses in the projected benefit obligation were the result of the plan experience, updated census data, discount rate, lump sum interest rates and lump sum mortality tables. These sources generated a combined loss of about 0.49% of expected year end obligations. The weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31, 2023, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 WEIGHTED AVERAGE ASSUMPTIONS: ​ Discount rate 5.45 % 2.81 % 2.48 % Expected return on plan assets 7.00 7.00 7.00 ​ Rate of compensation increase ​ ​ ​ ​ ​ ​ ​ Ages 25-34 ​ 5.00 ​ 2.50 ​ 2.50 ​ Ages 35-44 ​ 4.00 ​ 2.50 ​ 2.50 ​ Ages 45-54 ​ 3.00 ​ 2.50 ​ 2.50 ​ Ages 55+ 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, 2023. This plan’s asset allocation at December 31, 2023 and 2022, by asset category is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 ASSET CATEGORY: ​ Cash and cash equivalents 2.4 % 89.9 % Domestic equities 3.4 7.1 ​ Mutual funds/ETFs 94.2 — ​ Corporate bonds — 3.0 ​ 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, ​ 2023 2022 ​ ​ (IN THOUSANDS) Level 1: ​ ​ Cash and cash equivalents ​ $ 1,419 ​ $ 50,553 Domestic equities ​ 2,007 ​ ​ 4,026 Mutual funds/ETFs ​ 55,909 ​ ​ — Level 2: ​ ​ ​ ​ ​ Corporate bonds ​ — ​ ​ 1,678 Total fair value of plan assets ​ $ 59,335 ​ $ 56,257 ​ 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 proprietary 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 10% of the market value of the plan assets (at December 31, 2023, 3.4% of the plan assets were invested in ASRV common stock). This asset mix is intended to ensure that there is a steady stream of cash from maturing investments to fund benefit payments. The plan’s investment manager temporarily shifted the majority of plan assets to cash in 2022 to protect the plan’s assets due to declines in both equities and bonds as a result of the higher interest rate environment. During 2023, cash was redeployed to both the fixed income and equity asset classes. CASH FLOWS: The Company presently expects to contribute $0 to the plan in 2024. 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) 2024 ​ $ 4,874 2025 ​ 4,470 2026 ​ 4,651 2027 ​ 3,860 2028 ​ 3,220 Years 2029-2033 ​ 12,630 ​ 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 contributions 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 contributions 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 $900,000, $808,000 and $704,000 for the years ended December 31, 2023, 2022 and 2021, respectively. The fair value of plan assets includes $409,000 pertaining to the value of the Company’s common stock that was held by the plan at December 31, 2023. 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, 2023 and 2022, the Company reported a deferred compensation liability of $499,000 and $502,000, respectively, within other liabilities on the Consolidated Balance Sheets. For the year ended December 31, 2023, the Company recognized deferred compensation plan expense of $23,000 compared to $15,000 of deferred compensation plan income for the year ended December 31, 2022 and $44,000 of deferred compensation plan expense for the year ended December 31, 2021. The deferred compensation plan income/expense is reported within other expense on the Consolidated Statements of Operations. See Note 5 (Investment Securities) for additional disclosures related to the nonqualified deferred compensation plan and assets held within the rabbi trust. 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, 2023
COMMITMENTS AND CONTINGENT LIABILITIES
COMMITMENTS AND CONTINGENT LIABILITIES	17. 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. Commitments to extend credit are issued both on an unsecured and secured 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, 2023, the Company had various outstanding commitments to extend credit approximating $236.6 million and standby letters of credit of $8.2 million, compared to commitments to extend credit of $227.6 million and standby letters of credit of $9.0 million at December 31, 2022. Standby letters of credit had terms ranging from one The Company estimates expected credit losses over the contractual period in which it is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable. The allowance for credit losses on off-balance sheet credit exposures is adjusted through the provision for credit losses line on the Consolidated Statements of Operations. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The Company recorded a provision for credit losses on unfunded commitments for the year ended December 31, 2023 of $17,000. The carrying amount of the allowance for credit losses for the Company’s obligations related to unfunded commitments and standby letters of credit, which is reported in other liabilities on the Consolidated Balance Sheets, was $940,000 at December 31, 2023 and $746,000 at December 31, 2022. 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. Neither the resolution of these claims nor the funding of these credit commitments is expected to 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, 2023
STOCK COMPENSATION PLANS
STOCK COMPENSATION PLANS	18. STOCK COMPENSATION PLANS The Company uses the modified prospective method for accounting for stock-based compensation and recognized $45,000 of compensation expense for the year 2023, $50,000 in 2022 and $43,000 in 2021. 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, 2023, 2022, and 2021, and changes during the years then ended is presented in the table and narrative following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2023 ​ 2022 ​ 2021 ​ ​ WEIGHTED ​ WEIGHTED ​ WEIGHTED ​ ​ ​ ​ AVERAGE ​ ​ ​ AVERAGE ​ ​ ​ AVERAGE ​ ​ SHARES ​ EXERCISE PRICE ​ SHARES ​ EXERCISE PRICE ​ SHARES ​ EXERCISE PRICE Outstanding at beginning of year ​ 323,786 ​ $ 3.52 ​ 369,047 ​ $ 3.47 ​ 230,913 ​ $ 3.14 Granted — ​ ​ — ​ — ​ ​ — 160,000 ​ ​ 3.84 Exercised (29,653) ​ ​ 3.19 ​ (36,117) ​ ​ 2.96 (21,356) ​ ​ 2.68 Forfeited (49,133) ​ ​ 3.17 ​ (9,144) ​ ​ 3.62 (510) ​ ​ 3.23 Outstanding at end of year 245,000 ​ ​ 3.64 ​ 323,786 ​ ​ 3.52 369,047 ​ ​ 3.47 Exercisable at end of year 200,002 ​ ​ 3.59 ​ 223,784 ​ ​ 3.38 206,713 ​ ​ 3.18 Weighted average fair value of options granted in current year ​ $ — ​ ​ $ — ​ $ 1.78 ​ A total of 200,002 of the 245,000 options outstanding at December 31, 2023 are exercisable and have exercise prices between $2.96 and $4.22, with a weighted average exercise price of $3.59 and a weighted average remaining contractual life of 4.45 years. The remaining 44,998 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 7.14 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 or restricted ​ ​ ​ ​ ​ ​ ​ 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 $24,000, $47,000, and $27,000 in 2023, 2022, and 2021, respectively.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2023
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	19. ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the periods ended December 31, 2023, 2022, and 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 ​ YEAR ENDED DECEMBER 31, 2022 ​ YEAR ENDED DECEMBER 31, 2021 ​ Net ​ ​ ​ ​ ​ ​ Net ​ ​ ​ ​ Net ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ ​ Losses on ​ ​ ​ Defined ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ ​ Investment ​ Interest ​ Benefit ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ ​ Securities ​ Rate ​ Pension ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ ​ AFS (1) ​ Hedge (1) ​ Items (1) ​ Total (1) ​ AFS (1) ​ Items (1) ​ Total (1) ​ AFS (1) ​ Items (1) ​ Total (1) Beginning balance ​ $ (14,938) ​ $ — ​ $ (7,582) ​ $ (22,520) ​ $ 1,386 ​ $ (7,898) ​ $ (6,512) ​ $ 3,539 ​ $ (16,737) ​ $ (13,198) Other comprehensive income (loss) before reclassifications ​ 479 ​ 11 ​ 1,659 ​ 2,149 ​ (16,324) ​ (2,708) ​ (19,032) ​ (2,087) ​ 5,555 ​ 3,468 Amounts reclassified from accumulated other comprehensive loss ​ 729 ​ (363) ​ 29 ​ 395 ​ — ​ 3,024 ​ 3,024 ​ (66) ​ 3,284 ​ 3,218 Net current period other comprehensive income (loss) ​ 1,208 ​ (352) ​ 1,688 ​ 2,544 ​ (16,324) ​ 316 ​ (16,008) ​ (2,153) ​ 8,839 ​ 6,686 Ending balance ​ $ (13,730) ​ $ (352) ​ $ (5,894) ​ $ (19,976) ​ $ (14,938) ​ $ (7,582) ​ $ (22,520) ​ $ 1,386 ​ $ (7,898) ​ $ (6,512) (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 ended December 31, 2023, 2022, and 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount reclassified from accumulated ​ ​ ​ ​ other comprehensive loss (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Details about accumulated other ​ YEAR ENDED ​ YEAR ENDED ​ YEAR ENDED ​ Affected line item in the comprehensive loss components DECEMBER 31, 2023 DECEMBER 31, 2022 DECEMBER 31, 2021 statement of operations Realized (gains) losses on sale of securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 922 ​ $ — ​ $ (84) ​ Net realized gains (losses) on investment securities ​ ​ ​ (193) ​ ​ — ​ ​ 18 ​ Provision (benefit) for income taxes ​ ​ $ 729 ​ $ — ​ $ (66) ​ Interest rate hedge ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (460) ​ $ — ​ $ — ​ Interest expense - Deposits ​ ​ ​ 97 ​ ​ — ​ ​ — ​ Provision (benefit) for income taxes ​ ​ $ (363) ​ $ — ​ $ — ​ Amortization of estimated defined benefit pension plan loss (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 37 ​ $ 3,828 ​ $ 4,157 Other expense ​ ​ (8) ​ (804) ​ (873) Provision (benefit) for income taxes ​ ​ $ 29 ​ $ 3,024 ​ $ 3,284 ​ Total reclassifications for the period ​ $ 395 ​ $ 3,024 ​ $ 3,218 ​ (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 16 for additional details) .

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2023
INTANGIBLE ASSETS
INTANGIBLE ASSETS	20. 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 2023 or 2022. 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, 2023 and 2022 was $13.6 million. ​ 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, 2023 and 2022, 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, 2023 and 2022, accumulated amortization on the core deposit intangible totaled $76,000 and $49,000, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2023 ​ 2022 ​ (IN THOUSANDS) ​ CORE DEPOSIT INTANGIBLE ​ ​ ​ ​ ​ ​ Balance at beginning of year $ 128 ​ $ 158 ​ Amortization (27) ​ ​ (30) ​ Balance at end of year $ 101 ​ $ 128 ​ ​ As of December 31, 2023, the estimated future amortization expense for the core deposit intangible associated with the Riverview branch acquisition is as follows (in thousands): ​ ​ ​ ​ 2024 $ 24 2025 ​ 21 2026 17 2027 14 2028 11 After five years ​ 14 ​ $ 101 ​

DERIVATIVE HEDGING INSTRUMENTS

DERIVATIVE HEDGING INSTRUMENTS	12 Months Ended
	Dec. 31, 2023
DERIVATIVE HEDGING INSTRUMENTS
DERIVATIVE HEDGING INSTRUMENTS	21. 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. Interest Rate Swap Agreements The Company can use derivative instruments, primarily interest rate swaps, to manage interest rate risk and match the rates on certain assets by hedging the fair value of certain fixed rate debt, which converts the debt to variable rates and by hedging the cash flow variability associated with certain variable rate debt by converting the debt to fixed rates. To accommodate the needs of our customers and support the Company’s asset/liability positioning, we may enter into interest rate swap agreements with customers and a large financial institution that specializes in these types of transactions. These arrangements involve the exchange of interest payments based on the notional amounts. The Company entered into floating rate loans and fixed rate swaps with our customers. Simultaneously, the Company entered into offsetting fixed rate swaps with 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, 2023, 2022, and 2021, the Company received $295,000, $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 13. The following table summarizes the interest rate swap transactions that impacted the Company’s 2023 and 2022 performance (in thousands, except percentages). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ INCREASE ​ ​ ​ ​ AGGREGATE ​ WEIGHTED ​ ​ ​ (DECREASE) ​ ​ ​ ​ NOTIONAL ​ AVERAGE RATE ​ REPRICING ​ IN INTEREST ​ ​ HEDGE TYPE ​ AMOUNT ​ RECEIVED/(PAID) ​ FREQUENCY ​ EXPENSE Swap assets N/A $ 76,502 7.45 % Monthly $ 2,099 Swap liabilities N/A ​ (76,502) (7.45) Monthly ​ (2,099) Net exposure ​ ​ $ — — % ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ $ — — % ​ $ — ​ Risk Participation Agreement ​ The Company entered into risk participation agreements (RPAs) with the lead bank of certain commercial real estate loan arrangements. As a participating bank, the Company guarantees the performance on a borrower-related interest rate swap contract. The Company has no obligations under the RPAs 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 receives an upfront fee from the lead bank. For the year ended December 31, 2023, the Company received $52,000 in fees on a RPA transaction, which was recognized as revenue when received. ​ 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 RPAs can be found in Note 13. The notional amount of the risk participation agreements outstanding at December 31, 2023 and 2022 was $6.8 million and $2.1 million, respectively. ​ Interest Rate Hedge ​ The Company has entered into three interest rate swaps with a total notional value of $70 million in order to hedge the interest rate risk associated with certain floating-rate time deposit accounts. The hedge transactions allow the Company to add stability to interest expense and manage its exposure to interest rate movements. These interest rate swaps are designated as cash flow hedges and involve the receipt of variable rate amounts from a counterparty in exchange for the Company making fixed payments. ​ For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is reported in accumulated other comprehensive loss (within Shareholders’ Equity), net of tax, with a corresponding offset within other liabilities. Disclosures related to the fair value of the interest rate hedge can be found in Note 13. Amounts recorded in accumulated other comprehensive loss for the effective portion of changes in the fair value are subsequently reclassified to earnings when the hedged transaction affects earnings. The ineffective portion of changes in the fair value of the derivative is recognized directly in earnings. The Company assesses the effectiveness of the hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged transactions. The Company did not recognize any hedge ineffectiveness in earnings during 2023. ​ Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on certain of the Company’s variable rate time deposit accounts. During the year ended December 31, 2023, the Company had $460,000 of gains which resulted in a decrease to interest expense. In the twelve months that follow December 31, 2023, the Company estimates that approximately $785,000 will be reclassified as a decrease to interest expense. This reclassified amount could differ from amounts actually recognized due to changes in interest rates. As of December 31, 2023, the maximum length of time over which forecasted transactions are hedged is three years with all hedge transactions terminating in 2026. ​ The following table summarizes the effect of the effective portion of the Company’s cash flow hedge accounting on accumulated other comprehensive loss for the year ended December 31, 2023 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 Derivatives in Cash Flow Hedging Relationships ​ Amount Recognized in Other Comprehensive Loss on Derivative ​ Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss ​ Amount Reclassified from Accumulated Other Compreshensive Loss Interest rate hedge ​ $ (446) Interest expense - Deposits $ (460) Total ​ $ (446) ​ ​ $ (460) ​ 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, 2023 and 2022.

SEGMENT RESULTS

SEGMENT RESULTS	12 Months Ended
	Dec. 31, 2023
SEGMENT RESULTS
SEGMENT RESULTS	22. 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, 2023 ​ ​ COMMUNITY ​ WEALTH ​ INVESTMENT/ ​ ​ ​ ​ ​ BANKING ​ MANAGEMENT ​ PARENT ​ TOTAL ​ ​ (IN THOUSANDS) Net interest income (expense) $ 50,843 $ 11 $ (14,834) $ 36,020 Provision for credit losses ​ 6,580 ​ — ​ 849 ​ 7,429 Non-interest income ​ 4,409 ​ 11,270 ​ 710 ​ 16,389 Non-interest expense ​ 34,749 ​ 9,506 ​ 5,113 ​ 49,368 Income (loss) before income taxes ​ 13,923 ​ 1,775 ​ (20,086) ​ (4,388) Income tax expense (benefit) ​ 2,389 ​ 452 ​ (3,883) ​ (1,042) Net income (loss) ​ $ 11,534 ​ $ 1,323 ​ $ (16,203) ​ $ (3,346) Total assets ​ $ 1,151,720 ​ $ 11,173 ​ $ 226,745 ​ $ 1,389,638 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 credit losses ​ 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 credit losses ​ 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 ​

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2023
REGULATORY CAPITAL
REGULATORY CAPITAL	23. 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, 2023 and 2022, 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, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ $ 149,596 13.03 % $ 135,196 11.82 % 8.00 % 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) ​ 108,541 9.46 ​ 120,874 10.57 4.50 6.50 ​ Tier 1 Capital (To Risk Weighted Assets) ​ 108,541 9.46 ​ 120,874 10.57 6.00 8.00 ​ Tier 1 Capital (To Average Assets) ​ 108,541 7.80 ​ 120,874 8.78 4.00 5.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ * Applies to the Bank only.

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2023
PARENT COMPANY FINANCIAL INFORMATION
PARENT COMPANY FINANCIAL INFORMATION	24. 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 audit, 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, ​ 2023 2022 ​ ​ (IN THOUSANDS) ASSETS ​ ​ Cash ​ $ 100 ​ $ 100 Short-term investments ​ 3,553 ​ 3,178 Cash and cash equivalents ​ ​ 3,653 ​ ​ 3,278 Investment securities available for sale ​ 4,532 ​ 6,334 Equity investment in banking subsidiary ​ 115,322 ​ 117,432 Equity investment in non-banking subsidiaries ​ 6,084 ​ 6,533 Other assets ​ 1,163 ​ 1,008 TOTAL ASSETS ​ $ 130,754 ​ $ 134,585 LIABILITIES ​ ​ Subordinated debt ​ $ 26,685 ​ $ 26,644 Other liabilities ​ 1,792 ​ 1,763 TOTAL LIABILITIES ​ 28,477 ​ 28,407 SHAREHOLDERS’ EQUITY ​ ​ Total shareholders’ equity ​ 102,277 ​ 106,178 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ​ $ 130,754 ​ $ 134,585 ​ STATEMENTS OF OPERATIONS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) INCOME ​ ​ ​ Inter-entity management and other fees ​ $ 2,702 ​ $ 2,566 ​ $ 2,520 Dividends from banking subsidiary ​ 3,000 ​ 4,000 ​ 2,000 Dividends from non-banking subsidiary ​ 1,650 ​ 1,055 ​ 1,550 Interest, dividend and other income ​ 221 ​ 146 ​ 115 TOTAL INCOME ​ 7,573 ​ 7,767 ​ 6,185 EXPENSE ​ ​ ​ ​ ​ ​ Interest expense ​ 1,054 ​ 1,054 ​ 1,798 Salaries and employee benefits ​ 2,816 ​ 2,811 ​ 2,871 Other expense ​ 4,362 ​ 1,948 ​ 1,783 TOTAL EXPENSE ​ 8,232 ​ 5,813 ​ 6,452 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES ​ (659) ​ 1,954 ​ (267) Benefit for income taxes ​ (1,115) ​ (652) ​ (802) Equity in undistributed earnings of subsidiaries ​ (3,802) ​ 4,842 ​ 6,537 NET INCOME (LOSS) ​ $ (3,346) ​ $ 7,448 ​ $ 7,072 COMPREHENSIVE INCOME (LOSS) ​ $ (802) ​ $ (8,560) ​ $ 13,758 ​ STATEMENTS OF CASH FLOWS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) OPERATING ACTIVITIES ​ ​ ​ Net income (loss) ​ $ (3,346) ​ $ 7,448 ​ $ 7,072 Adjustment to reconcile net income (loss) to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ Equity in undistributed earnings of subsidiaries ​ 3,802 ​ (4,842) ​ (6,537) Stock compensation expense ​ 45 ​ 50 ​ 43 Other – net ​ (53) ​ 189 ​ 1,204 NET CASH PROVIDED BY OPERATING ACTIVITIES ​ 448 ​ 2,845 ​ 1,782 INVESTING ACTIVITIES ​ ​ ​ Purchase of investment securities – available for sale ​ — ​ (3,994) ​ (1,008) Proceeds from maturity and sales of investment securities – available for sale ​ 1,891 ​ 655 ​ 991 Capital contribution to banking subsidiary ​ — ​ — ​ (3,500) NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES ​ 1,891 ​ (3,339) ​ (3,517) 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 ​ 94 ​ 106 ​ 57 Purchases of treasury stock ​ — ​ — ​ — Common stock dividends paid ​ (2,058) ​ (1,967) ​ (1,708) NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES ​ (1,964) ​ (1,861) ​ 5,270 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ​ 375 ​ (2,355) ​ 3,535 CASH AND CASH EQUIVALENTS AT JANUARY 1 ​ 3,278 ​ 5,633 ​ 2,098 CASH AND CASH EQUIVALENTS AT DECEMBER 31 ​ $ 3,653 ​ $ 3,278 ​ $ 5,633 ​ 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 $124,585,000 of restricted surplus and retained earnings at December 31, 2023. 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, 2023
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)	25. SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited) The following table sets forth certain unaudited quarterly consolidated financial data regarding the Company: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 QUARTER ENDED ​ DEC. 31 SEPT. 30 JUNE 30 MARCH 31 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income ​ $ 15,968 ​ $ 15,439 ​ $ 14,879 ​ $ 14,574 Interest expense ​ 7,379 ​ 6,640 ​ 5,769 ​ 5,052 Net interest income ​ 8,589 ​ 8,799 ​ 9,110 ​ 9,522 Provision for credit losses ​ 6,018 ​ 189 ​ 43 ​ 1,179 Net interest income after provision for credit losses ​ 2,571 ​ 8,610 ​ 9,067 ​ 8,343 Non-interest income ​ 2,764 ​ 4,256 ​ 3,862 ​ 5,507 Non-interest expense ​ 12,133 ​ 12,095 ​ 13,177 ​ 11,963 Income (loss) before income taxes ​ (6,798) ​ 771 ​ (248) ​ 1,887 Provision (benefit) for income taxes ​ (1,477) ​ 124 ​ (61) ​ 372 Net income (loss) ​ $ (5,321) ​ $ 647 ​ $ (187) ​ $ 1,515 Basic earnings per common share ​ $ (0.31) ​ $ 0.04 ​ $ (0.01) ​ $ 0.09 Diluted earnings per common share ​ (0.31) ​ 0.04 ​ (0.01) ​ 0.09 Cash dividends declared per common share ​ 0.030 ​ 0.030 ​ 0.030 ​ 0.030 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 credit losses ​ 275 ​ 500 ​ (325) ​ (400) Net interest income after provision (credit) for credit 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 ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
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. AmeriServ Trust and Financial Services Company (the Trust Company) offers a complete range of trust and financial services and administers assets valued at approximately $2.5 billion and $2.3 billion that are not recognized on the Company’s Consolidated Balance Sheets at December 31, 2023 and 2022, respectively.
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) and the Trust Company. The Bank is a Pennsylvania state-chartered full service bank with 16 locations in Pennsylvania and 1 location in Maryland. 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 credit losses (related to investment securities, loans, and unfunded commitments), pension, and derivatives (interest rate swaps/hedges).
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. Realized gains or losses on securities sold are computed upon the adjusted cost of the specific securities sold. 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. 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. Allowance for Credit Losses – Held to Maturity Securities The Company measures expected credit losses on held to maturity debt securities, which are comprised of U.S. government agency and mortgage-backed securities as well as taxable municipal, corporate, and other bonds. The Company’s agency and mortgage-backed securities are issued by U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. As such, no allowance for credit losses has been established for these securities. The allowance for credit losses on the taxable municipal, corporate, and other bonds within the held to maturity securities portfolio is calculated using the probability of default/loss given default (PD/LGD) method. The calculation is completed on a quarterly basis using the default studies provided by an industry leading source. Additionally, based on management judgment, certain qualitative adjustments, such as the Company’s historical loss experience and/or the issuer’s credit quality, may be applied. At December 31, 2023, the allowance for credit losses on the held to maturity securities portfolio totaled $37,000. The allowance for credit losses on held to maturity debt securities is included within investment securities held to maturity on the Consolidated Balance Sheets. Changes in the allowance for credit losses are recorded within provision for credit losses on the Consolidated Statements of Operations. Accrued interest receivable on held to maturity debt securities totaled $388,000 at December 31, 2023 and is included within accrued interest income receivable on the Consolidated Balance Sheets. This amount is excluded from the estimate of expected credit losses. Held to maturity debt securities are typically classified as non-accrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When held to maturity debt securities are placed on non-accrual status, unpaid interest credited to income is reversed. The Company had no held to maturity debt securities in non-accrual status at December 31, 2023. Allowance for Credit Losses – Available for Sale Securities The Company measures expected credit losses on available for sale debt securities when the Company does not intend to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available for sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. At December 31, 2023, the allowance for credit losses on the available for sale securities portfolio totaled $926,000. The allowance for credit losses on available for sale debt securities is included within investment securities available for sale on the Consolidated Balance Sheets. Changes in the allowance for credit losses are recorded within provision for credit losses on the Consolidated Statements of Operations. Losses are charged against the allowance when the Company believes the collectability of an available for sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available for sale debt securities totaled $988,000 at December Credit Losses on Investment Securities – Prior to adopting ASU 2016-13 The Company adopted ASU 2016-13 effective January 1, 2023. Financial statement amounts related to investment securities recorded as of December 31, 2022 and for the period ending December 31, 2022 are presented in accordance with the accounting policies described in the following paragraphs. 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 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 term other than temporary is not intended to indicate that the decline is permanent but indicates that the prospects for a near-term recovery of value are not necessarily favorable or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Declines in the fair value of securities below their cost that are deemed to be other than temporary are separated into (a) the amount of the total other than temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other than temporary impairment related to all other factors. The amount of the total other than temporary impairment related to the credit loss is recognized in earnings. The amount of the total other than temporary impairment related to all other factors is recognized in other comprehensive income (loss). At December 31, 2022, 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.
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: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of any deferred fees or costs and an allowance for credit losses. Interest income is accrued on the unpaid principal balance and is recognized using the level yield method. As of December 31, 2023 and 2022, accrued interest receivable on loans totaled $4.2 million and $3.5 million, respectively, which is reported in accrued interest income receivable on the Consolidated Balance Sheets and is excluded from the estimate of credit losses. 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. Generally, a non-accrual commercial or consumer loan is returned to accrual status after becoming current and remaining current for twelve consecutive payments. Residential mortgage loans are returned to accrual status upon becoming current.
LOAN FEES:	LOAN FEES: Loan origination and commitment fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the yield (interest income) over the contractual life of the loan.
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 ASC 842, the lessee can elect to not record on the Consolidated Balance Sheets a lease whose term is twelve months or less and does not include a purchase option that the lessee is reasonably certain to exercise. As of December 31, 2023, the Company had no short-term leases compared to one short-term lease for an office location as of December 31, 2022.
ALLOWANCE FOR CREDIT LOSSES - LOANS:	ALLOWANCE FOR CREDIT LOSSES – LOANS: The allowance for credit losses (ACL) is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged-off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. ​ The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. ​ The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. The Company has aligned our segmentation to the quarterly Call Report. This allowed the Company to use not only our data, but also peer institutions to supplement loss observations in determining our qualitative adjustments. Some further sub-segmenting was performed on the commercial and industrial (C&I) and commercial real estate (CRE) portfolios based on collateral type. The Company has identified the following portfolio segments: ​ ● C&I and CRE Owner Occupied – Real Estate ● C&I and CRE Owner Occupied – Other ● CRE Non-Owner Occupied – Retail ● CRE Non-Owner Occupied – Multi-Family ● CRE Non-Owner Occupied – Other ● Residential Mortgages ● Consumer ​ The Company is utilizing the static pool analysis (cohort) method for our CECL model. 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. Once historical cohorts are established, the loans in each individual cohort are tracked over their remaining lives for loss and recovery events. Each cohort is evaluated individually and as a result, a loss may be counted in several different quarterly cohort periods, as long as the specific loan existed in the population of each of those cohort periods. Historical credit loss experience is the basis for the estimation of expected credit losses. The Company applies historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already captured in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment is based on a blend of peer and Company data as well as management judgment. Including peer data addresses the Company’s lack of loss history in some pools of loans. For periods beyond our reasonable and supportable forecast period of two years, loss expectations revert to the long-run historical mean. The qualitative adjustments for current conditions are based upon the following factors: ​ ● changes in lending policies and procedures; ● changes in economic conditions; ● changes in the nature and volume of the portfolio; ● staff experience; ● changes in volume and severity of delinquency, non-performing loans, and classified loans; ● changes in the quality of the Company’s loan review system; ● trends in underlying collateral value; ● concentration risk; and ● external factors: competition, legal, regulatory. ​ These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve. Ultimately, 49% of the fourth quarter of 2023 general reserve represented qualitative adjustment with 51% representing quantitative reserve. In accordance with ASU 2016-13, the Company will evaluate individual loans for expected credit losses when those loans do not share similar risk characteristics with loans evaluated using a collective (pooled) basis. In contrast to legacy accounting standards, this criterion is broader than the impairment concept and management may evaluate loans individually even when no specific expectation of collectability is in place. Loans will not be included in both collective and individual analysis. The individual analysis will establish a specific reserve for loans in scope. It should be noted that there is a review threshold of $150,000 or more for loans being subject to individual evaluation within the consumer and residential mortgage segments. ​ Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. 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 is made on a quarterly basis. ​ 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 credit 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 Chief Credit Officer 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 Chief Credit Officer determines 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 Chief Credit Officer and not the originating account officer. Allowance for Loan Losses – Prior to adopting ASU 2016-13 ​ Prior to the adoption of ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ​ 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. 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 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, and (3) a general risk reserve which provides support for variance from our assessment of the 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 risk 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. Specifically, 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. Pass rated credits are segregated from criticized and classified credits for the application of qualitative factors. ● 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. ​ The 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, the amount of non-performing loans, and past and anticipated loss experience.
ALLOWANCE FOR CREDIT LOSSES - UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT:	ALLOWANCE FOR CREDIT LOSSES – UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT: The Company estimates expected credit losses over the contractual period in which it is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable. The allowance for credit losses on off-balance sheet credit exposures is adjusted through the provision for credit losses line on the Consolidated Statements of Operations. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The carrying amount of the allowance for credit losses for the Company’s obligations related to unfunded commitments and standby letters of credit, is reported in other liabilities on 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 218,000, 22,000, and 22,000 shares of common stock were outstanding during 2023, 2022 and 2021, 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 $3.18-$4.22, $4.00-$4.22, and $4.00-$4.22 during 2023, 2022 and 2021, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ (3,346) ​ $ 7,448 ​ $ 7,072 Denominator: ​ ​ ​ Weighted average common shares outstanding (basic) ​ 17,143 ​ 17,107 ​ 17,073 Effect of stock options ​ 1 ​ 39 ​ 41 Weighted average common shares outstanding (diluted) ​ 17,144 ​ 17,146 ​ 17,114 Earnings per common share: ​ ​ ​ Basic ​ $ (0.20) ​ $ 0.44 ​ $ 0.41 Diluted ​ (0.20) ​ 0.43 ​ 0.41 ​
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 18 for details on the assumptions used.
ACCUMULATED OTHER COMPREHENSIVE LOSS:	ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company presents the components of other comprehensive income (loss) in the Consolidated Statements of Comprehensive Income (Loss). These components are comprised of the change in the defined benefit pension obligation, the unrealized holding gains (losses) on available for sale securities, net of any reclassification adjustments for realized gains and losses, and fair value change for the interest rate hedges.
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 $625,000 in income tax payments in 2023; $1.1 million in 2022; and $200,000 in 2021. The Company had non-cash transfers to other real estate owned (OREO) and repossessed assets in the amounts of $15,000 in 2023; $53,000 in 2022; and $8,000 in 2021. During 2023, the Company entered into a new operating lease related to an office location and recorded a right-of-use asset 2022 As a result of the adoption of ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments 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 (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 selecting 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 16 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, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of Earnings Per Common Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ (3,346) ​ $ 7,448 ​ $ 7,072 Denominator: ​ ​ ​ Weighted average common shares outstanding (basic) ​ 17,143 ​ 17,107 ​ 17,073 Effect of stock options ​ 1 ​ 39 ​ 41 Weighted average common shares outstanding (diluted) ​ 17,144 ​ 17,146 ​ 17,114 Earnings per common share: ​ ​ ​ Basic ​ $ (0.20) ​ $ 0.44 ​ $ 0.41 Diluted ​ (0.20) ​ 0.43 ​ 0.41
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 (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)

ADOPTION OF ACCOUNTING STANDA_2

ADOPTION OF ACCOUNTING STANDARDS (Tables)	12 Months Ended
	Dec. 31, 2023
ADOPTION OF ACCOUNTING STANDARDS
Schedule of current expected credit loss model	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ JANUARY 1, 2023 ​ Pre-ASU 2016-13 Impact of ASU 2016-13 Adoption As Reported Under ASU 2016-13 ​ ​ (IN THOUSANDS) Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses - held to maturity securities ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal ​ $ — ​ $ 3 ​ $ 3 Corporate bonds and other securities ​ ​ — ​ ​ 111 ​ ​ 111 Allowance for credit losses - held to maturity securities ​ $ — ​ $ 114 ​ $ 114 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans, net of unearned income ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate (owner occupied) ​ $ 75,158 ​ $ 6,201 ​ $ 81,359 Other commercial and industrial ​ ​ 153,420 ​ ​ (31) ​ ​ 153,389 Commercial real estate (non-owner occupied) - retail ​ ​ — ​ ​ 148,901 ​ ​ 148,901 Commercial real estate (non-owner occupied) - multi-family ​ ​ — ​ ​ 106,423 ​ ​ 106,423 Other commercial real estate (non-owner occupied) ​ ​ 450,744 ​ ​ (225,831) ​ ​ 224,913 Residential mortgages ​ ​ 297,971 ​ ​ (124,194) ​ ​ 173,777 Consumer ​ ​ 13,473 ​ ​ 88,531 ​ ​ 102,004 Loans, net of unearned income ​ $ 990,766 ​ $ — ​ $ 990,766 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses - loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate (owner occupied) ​ $ — ​ $ 1,380 ​ $ 1,380 Other commercial and industrial ​ ​ — ​ ​ 2,908 ​ ​ 2,908 Commercial real estate (non-owner occupied) - retail ​ ​ — ​ ​ 1,432 ​ ​ 1,432 Commercial real estate (non-owner occupied) - multi-family ​ ​ — ​ ​ 1,226 ​ ​ 1,226 Other commercial real estate (non-owner occupied) ​ ​ 5,972 ​ ​ (2,776) ​ ​ 3,196 Commercial (owner occupied real estate and other) ​ ​ 2,653 ​ ​ (2,653) ​ ​ — Residential mortgages ​ ​ 1,380 ​ ​ (355) ​ ​ 1,025 Consumer ​ ​ 85 ​ ​ 695 ​ ​ 780 Allocation for general risk ​ ​ 653 ​ ​ (653) ​ ​ — Allowance for credit losses - loans ​ $ 10,743 ​ $ 1,204 ​ $ 11,947 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses - unfunded commitments ​ $ 746 ​ $ 177 ​ $ 923

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022, and 2021 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2023 2022 2021 Non-interest income: ​ ​ ​ ​ ​ ​ ​ ​ ​ In-scope of Topic 606 ​ ​ ​ Wealth management fees ​ $ 11,266 ​ $ 11,620 ​ $ 11,986 Service charges on deposit accounts ​ 1,163 ​ 1,108 ​ 965 Other ​ 2,064 ​ 2,009 ​ 2,017 Non-interest income (in-scope of Topic 606) ​ 14,493 ​ 14,737 ​ 14,968 Non-interest income (out-of-scope of Topic 606) ​ 1,896 ​ 1,955 ​ 2,793 Total non-interest income ​ $ 16,389 ​ $ 16,692 ​ $ 17,761 ​

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2023
INVESTMENT SECURITIES
Summary of amortized cost and fair value of securities available-for-sale	Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ALLOWANCE ​ ​ ​ ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FOR CREDIT ​ FAIR ​ COST BASIS GAINS LOSSES ​ LOSSES VALUE ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 6,035 ​ $ — ​ $ (696) ​ $ — ​ $ 5,339 U.S. Agency mortgage-backed securities ​ 104,820 ​ 179 ​ (11,924) ​ ​ — ​ 93,075 Municipal ​ 11,159 ​ 1 ​ (800) ​ ​ — ​ 10,360 Corporate bonds ​ 62,004 ​ 46 ​ (4,187) ​ ​ (926) ​ 56,937 Total ​ $ 184,018 ​ $ 226 ​ $ (17,607) ​ $ (926) ​ $ 165,711 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
Summary of amortized cost and fair value of securities held-to-maturity	Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ ​ ​ ​ GROSS ​ GROSS ​ ​ ​ ​ ALLOWANCE ​ ​ ​ ​ ​ UNREALIZED ​ UNREALIZED ​ FAIR ​ FOR CREDIT ​ COST BASIS GAINS LOSSES ​ VALUE LOSSES ​ ​ (IN THOUSANDS) U.S. Agency ​ $ 2,500 ​ $ — ​ $ (379) ​ $ 2,121 ​ $ — U.S. Agency mortgage-backed securities ​ ​ 24,222 ​ ​ 49 ​ ​ (2,058) ​ ​ 22,213 ​ ​ — Municipal ​ 32,787 ​ — ​ (2,797) ​ 29,990 ​ (2) Corporate bonds and other securities ​ 4,470 ​ — ​ (173) ​ 4,297 ​ (35) Total ​ $ 63,979 ​ $ 49 ​ $ (5,407) ​ $ 58,621 ​ $ (37) 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
Schedule of investment securities	Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 500 $ 2,112 $ 5,012 $ — ​ $ 7,624 After 1 year but within 5 years ​ 176 4,511 29,020 1,667 ​ 35,374 After 5 years but within 10 years ​ 4,000 4,536 27,322 5,717 ​ 41,575 Over 10 years ​ 1,359 — 650 97,436 ​ 99,445 Total ​ $ 6,035 $ 11,159 $ 62,004 $ 104,820 ​ $ 184,018 FAIR VALUE ​ Within 1 year ​ $ 499 $ 2,085 $ 4,940 ​ $ — ​ $ 7,524 After 1 year but within 5 years ​ 169 4,336 27,762 ​ 1,615 ​ 33,882 After 5 years but within 10 years ​ 3,434 3,939 23,759 ​ 5,429 ​ 36,561 Over 10 years ​ 1,237 — 476 ​ 86,031 ​ 87,744 Total ​ $ 5,339 $ 10,360 $ 56,937 ​ $ 93,075 ​ $ 165,711 ​ Investment securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — $ 1,211 $ 1,000 $ 971 $ 3,182 After 1 year but within 5 years ​ — ​ 13,108 ​ 2,002 ​ — ​ 15,110 After 5 years but within 10 years ​ 2,500 ​ 17,174 ​ 488 ​ 1,322 ​ 21,484 Over 10 years ​ — ​ 1,294 ​ 980 ​ 21,929 ​ 24,203 Total ​ $ 2,500 ​ $ 32,787 ​ $ 4,470 ​ $ 24,222 ​ $ 63,979 FAIR VALUE ​ Within 1 year ​ $ — $ 1,195 $ 969 $ 964 $ 3,128 After 1 year but within 5 years ​ — ​ 12,580 ​ 1,860 ​ — ​ 14,440 After 5 years but within 10 years ​ 2,121 ​ 15,143 ​ 488 ​ 1,280 ​ 19,032 Over 10 years ​ — ​ 1,072 ​ 980 ​ 19,969 ​ 22,021 Total ​ $ 2,121 ​ $ 29,990 ​ $ 4,297 ​ $ 22,213 ​ $ 58,621
Schedule of investments with unrealized losses	The following table summarizes the available for sale debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded as of December 31, 2023, aggregated by security type and length of time in a continuous loss position (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ LESS THAN 12 MONTHS ​ 12 MONTHS OR LONGER ​ TOTAL ​ ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ FAIR ​ UNREALIZED ​ VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency ​ $ — ​ $ — ​ $ 5,339 ​ $ (696) ​ $ 5,339 ​ $ (696) U.S. Agency mortgage-backed securities ​ ​ 4,120 ​ ​ (20) ​ ​ 73,511 ​ ​ (11,904) ​ ​ 77,631 ​ ​ (11,924) Municipal ​ — ​ ​ — ​ ​ 10,109 ​ ​ (800) ​ ​ 10,109 ​ ​ (800) Corporate bonds ​ 8,885 ​ ​ (103) ​ ​ 42,659 ​ ​ (4,084) ​ ​ 51,544 ​ ​ (4,187) Total ​ $ 13,005 ​ $ (123) ​ $ 131,618 ​ $ (17,484) ​ $ 144,623 ​ $ (17,607)
Schedule of allowance for credit losses on held to maturity debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 ​ ​ Balance at ​ Impact of Adopting ​ Charge- ​ ​ ​ ​ Provision ​ Balance at ​ ​ December 31, 2022 ​ ASU 2016-13 ​ Offs ​ Recoveries ​ (Credit) ​ December 31, 2023 U.S. Agency $ — ​ $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Municipal ​ ​ — ​ ​ 3 ​ ​ — ​ ​ — ​ ​ (1) ​ ​ 2 Corporate bonds and other securities ​ ​ — ​ ​ 111 ​ ​ — ​ ​ — ​ ​ (76) ​ ​ 35 Total ​ $ — ​ $ 114 ​ $ — ​ $ — ​ $ (77) ​ $ 37
Schedule of amortized cost of held to maturity debt securities aggregated by credit quality indicator	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ CREDIT RATING ​ ​ AAA/AA/A ​ BBB/BB/B ​ UNRATED ​ TOTAL U.S. Agency $ 2,500 ​ $ — $ — $ 2,500 U.S. Agency mortgage-backed securities ​ ​ 24,222 ​ ​ — ​ ​ — ​ ​ 24,222 Municipal ​ ​ 32,787 ​ ​ — ​ ​ — ​ ​ 32,787 Corporate bonds and other securities ​ ​ 3,002 ​ ​ — ​ ​ 1,468 ​ ​ 4,470 Total ​ $ 62,511 ​ $ — ​ $ 1,468 ​ $ 63,979

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2023
LOANS
Schedule of loan portfolio	The loan portfolio of the Company consists of the following: ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ (IN THOUSANDS) Commercial: ​ ​ ​ Commercial real estate (owner occupied) (1) ​ $ 89,147 Other commercial and industrial ​ ​ 159,424 Commercial real estate (non-owner occupied): ​ ​ Retail (1) ​ ​ 161,961 Multi-family (1) ​ ​ 110,008 Other (1) ​ ​ 240,286 Residential mortgages (1) ​ 174,670 Consumer ​ 102,775 Loans, net of unearned income ​ $ 1,038,271 ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2022 ​ ​ (IN THOUSANDS) Commercial: ​ ​ ​ Commercial and industrial ​ $ 153,398 Paycheck Protection Program (PPP) ​ ​ 22 Commercial real estate (owner occupied) (1) ​ 75,158 Commercial real estate (non-owner occupied) (1) ​ 450,744 Residential mortgages (1) ​ 297,971 Consumer ​ 13,473 Loans, net of unearned income ​ $ 990,766 (1) Real estate construction loans constituted 3.4% and 4.7% of the Company’s total loans, net of unearned income as of December 31, 2023 and 2022, respectively.
Schedule of loan activity with related parties	The following tables summarize the loan activity with related parties for the years ended December 31, 2023 and 2022 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 ​ ​ BALANCE AT DECEMBER 31, 2022 ​ ADDITIONS ​ REPAYMENTS ​ BALANCE AT DECEMBER 31, 2023 Loans to related parties ​ $ 587 ​ $ 602 ​ $ 574 ​ $ 615 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2022 ​ ​ BALANCE AT DECEMBER 31, 2021 ​ ADDITIONS ​ REPAYMENTS ​ BALANCE AT DECEMBER 31, 2022 Loans to related parties ​ $ 601 ​ $ 206 ​ $ 220 ​ $ 587 ​

ALLOWANCE FOR CREDIT LOSSES -_2

ALLOWANCE FOR CREDIT LOSSES - LOANS (Tables)	12 Months Ended
	Dec. 31, 2023
ALLOWANCE FOR CREDIT LOSSES - LOANS
Schedule of Loan losses by portfolio segment	The following tables summarize the rollforward of the allowance for credit losses by loan portfolio segment for the years ended December 31, 2023, 2022, and 2021 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ ​ IMPACT OF ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2022 ​ ​ ADOPTING ASU 2016-13 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate (owner occupied) ​ $ — ​ $ 1,380 ​ $ — ​ $ 24 ​ $ 125 ​ $ 1,529 Other commercial and industrial ​ — ​ 2,908 ​ (480) ​ 3 ​ 599 ​ 3,030 Commercial real estate (non-owner occupied) - retail ​ — ​ 1,432 ​ (2,028) ​ — ​ 4,084 ​ 3,488 Commercial real estate (non-owner occupied) - multi-family ​ — ​ 1,226 ​ — ​ 6 ​ 198 ​ 1,430 Other commercial real estate (non-owner occupied) ​ 5,972 ​ (2,776) ​ (804) ​ 14 ​ 1,022 ​ 3,428 Commercial (owner occupied real estate and other) ​ 2,653 ​ (2,653) ​ — ​ — ​ — ​ — Residential mortgages ​ 1,380 ​ (355) ​ (54) ​ 14 ​ 36 ​ 1,021 Consumer ​ 85 ​ 695 ​ (275) ​ 123 ​ 499 ​ 1,127 Allocation for general risk ​ 653 ​ (653) ​ — ​ — ​ — ​ — Total ​ $ 10,743 ​ $ 1,204 ​ $ (3,641) ​ $ 184 ​ $ 6,563 ​ $ 15,053 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BALANCE AT ​ CHARGE- ​ ​ ​ ​ PROVISION ​ BALANCE AT ​ DECEMBER 31, 2021 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2022 Commercial ​ $ 3,071 ​ $ (97) ​ $ 4 ​ $ (325) ​ $ 2,653 Commercial real estate (non-owner occupied) ​ 6,392 ​ (1,390) ​ 54 ​ 916 ​ 5,972 Residential mortgages ​ 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 real estate (non-owner occupied) ​ 5,373 ​ — ​ 51 ​ 968 ​ 6,392 Residential mortgages ​ 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
Schedule of loan portfolio and allowance for credit losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ COMMERCIAL ​ COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ COMMERCIAL ​ ​ ​ REAL ESTATE ​ REAL ESTATE ​ OTHER COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REAL ESTATE ​ OTHER COMMERCIAL ​ (NON-OWNER OCCUPIED) - ​ (NON-OWNER OCCUPIED) - ​ REAL ESTATE ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ Loans: (OWNER OCCUPIED) AND INDUSTRIAL RETAIL MULTI-FAMILY (NON-OWNER OCCUPIED) MORTGAGES CONSUMER TOTAL ​ ​ (IN THOUSANDS) Individually evaluated ​ $ 187 ​ $ 1,694 ​ $ — ​ $ — ​ $ 8,780 ​ $ 173 ​ $ — ​ $ 10,834 Collectively evaluated ​ 88,960 ​ 157,730 ​ 161,961 ​ 110,008 ​ 231,506 ​ 174,497 ​ 102,775 ​ 1,027,437 Total loans ​ $ 89,147 ​ $ 159,424 ​ $ 161,961 ​ $ 110,008 ​ $ 240,286 ​ $ 174,670 ​ $ 102,775 ​ $ 1,038,271 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ COMMERCIAL ​ COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ COMMERCIAL ​ ​ ​ REAL ESTATE ​ REAL ESTATE ​ OTHER COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ REAL ESTATE ​ OTHER COMMERCIAL ​ (NON-OWNER OCCUPIED) - ​ (NON-OWNER OCCUPIED) - ​ REAL ESTATE ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ credit losses: (OWNER OCCUPIED) AND INDUSTRIAL RETAIL MULTI-FAMILY (NON-OWNER OCCUPIED) MORTGAGES CONSUMER TOTAL ​ ​ (IN THOUSANDS) Specific reserve allocation ​ $ — ​ $ 414 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 414 General reserve allocation ​ 1,529 ​ 2,616 ​ 3,488 ​ 1,430 ​ 3,428 ​ 1,021 ​ 1,127 ​ 14,639 Total allowance for credit losses ​ $ 1,529 ​ $ 3,030 ​ $ 3,488 ​ $ 1,430 ​ $ 3,428 ​ $ 1,021 ​ $ 1,127 ​ $ 15,053 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REAL ESTATE ​ RESIDENTIAL ​ ​ ​ ​ ​ ​ Loans: COMMERCIAL (NON-OWNER OCCUPIED) MORTGAGES CONSUMER TOTAL ​ ​ (IN THOUSANDS) Individually evaluated ​ $ 1,989 ​ $ 1,586 ​ $ — ​ $ — ​ $ 3,575 Collectively evaluated ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ ​ ​ REAL ESTATE ​ RESIDENTIAL ​ ​ ​ ​ ALLOCATION FOR ​ ​ ​ credit losses: ​ COMMERCIAL (NON-OWNER OCCUPIED) MORTGAGES CONSUMER GENERAL 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 credit losses ​ $ 2,653 ​ $ 5,972 ​ $ 1,380 ​ $ 85 ​ $ 653 ​ $ 10,743
Schedule of amortized cost basis of collateral-dependent non-accrual loans	The following table presents the amortized cost basis of collateral-dependent non-accrual loans by class of loans (in thousands). ​ ​ ​ ​ ​ ​ COLLATERAL TYPE DECEMBER 31, 2023 ​ REAL ESTATE Commercial: ​ ​ ​ Commercial real estate (owner occupied) ​ $ 187 Commercial real estate (non-owner occupied): ​ ​ Other ​ ​ 8,780 Residential mortgages ​ 173 Total ​ $ 9,140
Schedule of non performing assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ NON-ACCRUAL WITH NO ACL NON-ACCRUAL WITH ACL TOTAL NON-ACCRUAL LOANS PAST DUE OVER 90 DAYS STILL ACCRUING ​ OREO AND REPOSSESSED ASSETS TOTAL NON-PERFORMING ASSETS Commercial real estate (owner occupied) ​ $ 187 ​ $ — ​ $ 187 ​ $ — ​ $ — ​ $ 187 Other commercial and industrial ​ ​ — ​ ​ 1,694 ​ ​ 1,694 ​ ​ 211 ​ ​ — ​ ​ 1,905 Commercial real estate (non-owner occupied) - retail ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial real estate (non-owner occupied) - multi-family ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Other commercial real estate (non-owner occupied) ​ ​ 8,780 ​ ​ — ​ ​ 8,780 ​ ​ — ​ ​ — ​ ​ 8,780 Residential mortgages ​ ​ 173 ​ ​ 545 ​ ​ 718 ​ ​ — ​ ​ 15 ​ ​ 733 Consumer ​ ​ — ​ ​ 788 ​ ​ 788 ​ ​ — ​ ​ — ​ ​ 788 Total ​ $ 9,140 ​ $ 3,027 ​ $ 12,167 ​ $ 211 ​ $ 15 ​ $ 12,393 ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ Non-accrual loans: ​ ​ ​ ​ Commercial and industrial ​ $ 1,989 ​ Commercial real estate (non-owner occupied) ​ ​ 1,586 ​ Residential mortgages ​ 1,577 ​ Consumer ​ ​ 9 ​ Total ​ 5,161 ​ ​ ​ ​ ​ ​ Other real estate owned and repossessed assets: ​ ​ Residential mortgages ​ 38 ​ Consumer ​ 1 ​ Total ​ 39 ​ Total non-performing assets ​ $ 5,200 ​
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, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REVOLVING ​ REVOLVING ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LOANS ​ LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AMORTIZED ​ CONVERTED ​ ​ ​ ​ ​ TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR ​ COST ​ TO ​ ​ ​ ​ 2023 2022 2021 2020 2019 PRIOR BASIS TERM TOTAL ​ ​ (IN THOUSANDS) Commercial real estate (owner occupied) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 17,801 ​ $ 6,750 ​ $ 15,067 ​ $ 8,415 ​ $ 10,322 ​ $ 26,538 ​ $ 351 ​ $ — ​ $ 85,244 Special Mention ​ ​ — ​ ​ — ​ ​ 464 ​ ​ — ​ ​ 2,252 ​ ​ — ​ ​ 923 ​ ​ — ​ ​ 3,639 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 264 ​ ​ — ​ ​ — ​ ​ 264 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 17,801 ​ $ 6,750 ​ $ 15,531 ​ $ 8,415 ​ $ 12,574 ​ $ 26,802 ​ $ 1,274 ​ $ — ​ $ 89,147 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Other commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 22,662 ​ $ 34,816 ​ $ 12,767 ​ $ 5,831 ​ $ 4,912 ​ $ 19,587 ​ $ 56,391 ​ $ 70 ​ $ 157,036 Special Mention ​ ​ — ​ ​ — ​ ​ 127 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 127 Substandard ​ ​ — ​ ​ 619 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,578 ​ ​ 64 ​ ​ — ​ ​ 2,261 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 22,662 ​ $ 35,435 ​ $ 12,894 ​ $ 5,831 ​ $ 4,912 ​ $ 21,165 ​ $ 56,455 ​ $ 70 ​ $ 159,424 Current period gross charge-offs ​ $ — ​ $ 75 ​ $ — ​ $ — ​ $ — ​ $ 405 ​ $ — ​ $ — ​ $ 480 Commercial real estate (non-owner occupied) - retail ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 35,545 ​ $ 23,368 ​ $ 33,110 ​ $ 23,146 ​ $ 9,226 ​ $ 35,102 ​ $ 983 ​ $ — ​ $ 160,480 Special Mention ​ ​ — ​ ​ 314 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,167 ​ ​ — ​ ​ — ​ ​ 1,481 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 35,545 ​ $ 23,682 ​ $ 33,110 ​ $ 23,146 ​ $ 9,226 ​ $ 36,269 ​ $ 983 ​ $ — ​ $ 161,961 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,028 ​ $ — ​ $ — ​ $ 2,028 Commercial real estate (non-owner occupied) - multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 22,620 ​ $ 16,767 ​ $ 16,622 ​ $ 12,041 ​ $ 9,638 ​ $ 28,632 ​ $ 1,321 ​ $ — ​ $ 107,641 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ 966 ​ ​ 1,278 ​ ​ 123 ​ ​ — ​ ​ — ​ ​ 2,367 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 22,620 ​ $ 16,767 ​ $ 16,622 ​ $ 13,007 ​ $ 10,916 ​ $ 28,755 ​ $ 1,321 ​ $ — ​ $ 110,008 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Other commercial real estate (non-owner occupied) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 29,591 ​ $ 36,398 ​ $ 48,267 ​ $ 20,168 ​ $ 23,025 ​ $ 54,792 ​ $ 5,670 ​ $ — ​ $ 217,911 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,777 ​ ​ — ​ ​ — ​ ​ 3,777 Substandard ​ ​ — ​ ​ 1,043 ​ ​ — ​ ​ — ​ ​ 6,243 ​ ​ 11,113 ​ ​ — ​ ​ 199 ​ ​ 18,598 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 29,591 ​ $ 37,441 ​ $ 48,267 ​ $ 20,168 ​ $ 29,268 ​ $ 69,682 ​ $ 5,670 ​ $ 199 ​ $ 240,286 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 804 ​ $ — ​ $ — ​ $ — ​ $ 804 Total by risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 128,219 ​ $ 118,099 ​ $ 125,833 ​ $ 69,601 ​ $ 57,123 ​ $ 164,651 ​ $ 64,716 ​ $ 70 ​ $ 728,312 Special Mention ​ ​ — ​ ​ 314 ​ ​ 591 ​ ​ — ​ ​ 2,252 ​ ​ 4,944 ​ ​ 923 ​ ​ — ​ ​ 9,024 Substandard ​ ​ — ​ ​ 1,662 ​ ​ — ​ ​ 966 ​ ​ 7,521 ​ ​ 13,078 ​ ​ 64 ​ ​ 199 ​ ​ 23,490 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total ​ $ 128,219 ​ $ 120,075 ​ $ 126,424 ​ $ 70,567 ​ $ 66,896 ​ $ 182,673 ​ $ 65,703 ​ $ 269 ​ $ 760,826 Current period gross charge-offs ​ $ — ​ $ 75 ​ $ — ​ $ — ​ $ 804 ​ $ 2,433 ​ $ — ​ $ — ​ $ 3,312 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 real estate (owner occupied) ​ 74,187 ​ — ​ 971 ​ — ​ 75,158 Commercial real estate (non-owner occupied) ​ 423,486 ​ 11,015 ​ 16,240 ​ 3 ​ 450,744 Total ​ $ 646,056 ​ $ 11,015 ​ $ 22,248 ​ $ 3 ​ $ 679,322
Schedule of Residential and consumer portfolio	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ REVOLVING ​ REVOLVING ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LOANS ​ LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AMORTIZED ​ CONVERTED ​ ​ ​ ​ ​ TERM LOANS AMORTIZED COST BASIS BY ORIGINATION YEAR ​ COST ​ TO ​ ​ ​ ​ 2023 2022 2021 2020 2019 PRIOR BASIS TERM TOTAL ​ ​ (IN THOUSANDS) Residential mortgages ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 14,576 ​ $ 11,620 ​ $ 61,172 ​ $ 44,049 ​ $ 7,092 ​ $ 35,443 ​ $ — ​ $ — ​ $ 173,952 Non-performing ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 718 ​ ​ — ​ ​ — ​ ​ 718 Total ​ $ 14,576 ​ $ 11,620 ​ $ 61,172 ​ $ 44,049 ​ $ 7,092 ​ $ 36,161 ​ $ — ​ $ — ​ $ 174,670 Current period gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 54 ​ $ — ​ $ — ​ $ 54 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 13,890 ​ $ 20,430 ​ $ 9,782 ​ $ 3,190 ​ $ 1,169 ​ $ 4,515 ​ $ 48,344 ​ $ 667 ​ $ 101,987 Non-performing ​ ​ 15 ​ ​ — ​ ​ — ​ ​ 73 ​ ​ 42 ​ ​ 280 ​ ​ 157 ​ ​ 221 ​ ​ 788 Total ​ $ 13,905 ​ $ 20,430 ​ $ 9,782 ​ $ 3,263 ​ $ 1,211 ​ $ 4,795 ​ $ 48,501 ​ $ 888 ​ $ 102,775 Current period gross charge-offs ​ $ 9 ​ $ 35 ​ $ 43 ​ $ 7 ​ $ 8 ​ $ 173 ​ $ — ​ $ — ​ $ 275 Total by payment performance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 28,466 ​ $ 32,050 ​ $ 70,954 ​ $ 47,239 ​ $ 8,261 ​ $ 39,958 ​ $ 48,344 ​ $ 667 ​ $ 275,939 Non-performing ​ ​ 15 ​ ​ — ​ ​ — ​ ​ 73 ​ ​ 42 ​ ​ 998 ​ ​ 157 ​ ​ 221 ​ ​ 1,506 Total ​ $ 28,481 ​ $ 32,050 ​ $ 70,954 ​ $ 47,312 ​ $ 8,303 ​ $ 40,956 ​ $ 48,501 ​ $ 888 ​ $ 277,445 Current period gross charge-offs ​ $ 9 ​ $ 35 ​ $ 43 ​ $ 7 ​ $ 8 ​ $ 227 ​ $ — ​ $ — ​ $ 329 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ NON- ​ ​ ​ PERFORMING PERFORMING TOTAL ​ ​ (IN THOUSANDS) Residential mortgages ​ $ 296,401 ​ $ 1,570 ​ $ 297,971 Consumer ​ 13,457 ​ 16 ​ ​ 13,473 Total ​ $ 309,858 ​ $ 1,586 ​ $ 311,444
Schedule of Credit quality of the loan portfolio	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 – 59 ​ 60 – 89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DAYS ​ DAYS ​ 90 DAYS ​ TOTAL ​ TOTAL ​ CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ​ ​ (IN THOUSANDS) Commercial real estate (owner occupied) ​ $ 88,960 ​ $ — ​ $ — ​ $ 187 ​ $ 187 ​ $ 89,147 Other commercial and industrial ​ ​ 158,290 ​ ​ 526 ​ ​ 22 ​ ​ 586 ​ ​ 1,134 ​ ​ 159,424 Commercial real estate (non-owner occupied) - retail ​ 161,961 ​ — ​ ​ — ​ — ​ — ​ ​ 161,961 Commercial real estate (non-owner occupied) - multi-family ​ 110,008 ​ — ​ ​ — ​ — ​ — ​ ​ 110,008 Other commercial real estate (non-owner occupied) ​ ​ 239,243 ​ ​ — ​ ​ — ​ ​ 1,043 ​ ​ 1,043 ​ ​ 240,286 Residential mortgages ​ 173,647 ​ 437 ​ ​ 18 ​ 568 ​ 1,023 ​ ​ 174,670 Consumer ​ 101,664 ​ 741 ​ ​ 23 ​ 347 ​ 1,111 ​ ​ 102,775 Total ​ $ 1,033,773 ​ $ 1,704 ​ $ 63 ​ $ 2,731 ​ $ 4,498 ​ $ 1,038,271 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 – 59 ​ 60 – 89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DAYS ​ DAYS ​ 90 DAYS ​ TOTAL ​ TOTAL ​ CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ​ ​ (IN THOUSANDS) Commercial and industrial ​ $ 152,314 ​ $ 797 ​ $ 287 ​ $ — ​ $ 1,084 ​ $ 153,398 Paycheck Protection Program (PPP) ​ ​ 22 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 22 Commercial real estate (owner occupied) ​ 74,960 ​ 198 ​ ​ — ​ — ​ 198 ​ ​ 75,158 Commercial real estate (non-owner occupied) ​ 446,809 ​ 3,935 ​ ​ — ​ — ​ 3,935 ​ ​ 450,744 Residential mortgages ​ 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
Schedule of modifications made to borrowers experiencing financial difficulty	The following table summarizes the amortized cost basis, as of December 31, 2023, of loans modified to borrowers experiencing financial difficulty during the year ended December 31, 2023 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TERM EXTENSION ​ ​ AMORTIZED COST BASIS % OF TOTAL CLASS OF LOANS Residential mortgages ​ $ 37 ​ ​ 0.02 % Total ​ $ 37 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ COMBINATION - INTEREST RATE REDUCTION AND TERM EXTENSION ​ ​ AMORTIZED COST BASIS % OF TOTAL CLASS OF LOANS Other commercial real estate (non-owner occupied) ​ $ 6,243 ​ ​ 2.60 % Total ​ $ 6,243 ​ ​ ​ ​ ​ ​ ​ ​ TERM EXTENSION LOAN TYPE FINANCIAL EFFECT Residential mortgages ​ During the fourth quarter, provided a maturity date extension of approximately 15 years. ​ ​ ​ COMBINATION - INTEREST RATE REDUCTION AND TERM EXTENSION LOAN TYPE FINANCIAL EFFECT Other commercial real estate (non-owner occupied) ​ During the second quarter, provided seven months of interest only payments at a reduced rate with the remaining portion of interest, totaling approximately $303,000, being deferred until maturity. Additionally, provided three month maturity date extension. A partial charge-down of $804,000 was recorded on this loan in the fourth quarter.
Schedule of loan modified as a TDR	The following table details the loans modified as troubled debt restructurings (TDR) 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 real estate (non-owner occupied) 1 ​ $ 1,583 Extension of maturity date with an interest only period at below market interest rate ​

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2023
PREMISES AND EQUIPMENT
Schedule of premises and equipment	An analysis of premises and equipment follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) Land ​ $ 1,225 ​ $ 1,225 Premises ​ 30,624 ​ 30,079 Furniture and equipment ​ 8,258 ​ 8,428 Leasehold improvements ​ 1,196 ​ 1,202 Total at cost ​ 41,303 ​ 40,934 Less: Accumulated depreciation and amortization ​ 27,154 ​ 26,474 Premises and equipment, net ​ $ 14,149 ​ $ 14,460 ​

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
LEASE COMMITMENTS
Schedule of lease cost associated with both operating and financing leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ (IN THOUSANDS) Lease cost ​ ​ ​ ​ ​ ​ ​ Financing lease cost: ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use asset ​ $ 277 ​ $ 271 ​ $ 272 Interest expense ​ 97 ​ 100 ​ 106 Operating lease cost ​ ​ 92 ​ ​ 106 ​ ​ 116 Total lease cost ​ $ 466 ​ $ 477 ​ $ 494
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, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ ​ 2023 ​ ​ 2022 ​ ​ OPERATING ​ FINANCING ​ ​ OPERATING ​ FINANCING ​ Weighted-average remaining term (years) 8.4 ​ 13.9 ​ ​ 10.0 ​ 15.1 ​ Weighted-average discount rate 3.75 % ​ 3.77 % ​ 3.54 % ​ 3.62 %
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, 2023 and 2022, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets. ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ OPERATING FINANCING ​ ​ (IN THOUSANDS) Undiscounted cash flows due in: ​ ​ ​ ​ ​ ​ 2024 ​ $ 116 ​ $ 311 2025 ​ 105 ​ 311 2026 ​ 93 ​ 247 2027 ​ 69 ​ 232 2028 ​ 69 ​ 200 Thereafter ​ 312 ​ 2,215 Total undiscounted cash flows ​ 764 ​ 3,516 Discount on cash flows ​ (106) ​ (816) Total lease liabilities ​ $ 658 ​ $ 2,700 ​ ​ ​ ​ ​ ​ ​ ​ 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

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2023
DEPOSITS.
Schedule of company's deposits	The following table sets forth the balance of the Company’s deposits: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) Demand: ​ ​ Non-interest bearing ​ $ 172,070 ​ $ 195,123 Interest bearing ​ 288,124 ​ 236,746 Savings ​ 119,484 ​ 135,796 Money market ​ 256,205 ​ 254,868 Time deposits ​ 322,477 ​ 286,004 Total deposits ​ $ 1,158,360 ​ $ 1,108,537 (1) Time deposits include certificates of deposit (CDs) and individual retirement accounts (IRAs).
Schedule of time deposit maturities	​ The following table sets forth the balance of time deposits as of December 31, 2023 maturing in the periods presented: ​ ​ ​ ​ ​ ​ YEAR: TIME DEPOSITS ​ (IN THOUSANDS) ​ 2024 ​ $ 259,657 ​ 2025 ​ 40,810 ​ 2026 ​ 5,395 ​ 2027 ​ 5,814 ​ 2028 ​ 3,754 ​ 2029 and after ​ 7,047 ​ Total ​ $ 322,477 ​

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 ​ FEDERAL ​ ​ ​ ​ FUNDS ​ SHORT-TERM ​ PURCHASED BORROWINGS ​ ​ (IN THOUSANDS, EXCEPT RATES) Balance ​ $ — ​ $ 40,951 ​ Maximum balance at any month end ​ — ​ 75,442 ​ Average balance during year ​ 46 ​ 35,709 ​ Average rate paid for the year ​ 6.04 % 5.44 % Interest rate on year-end balance ​ — ​ 5.68 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​

ADVANCES FROM FEDERAL HOME LO_2

ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 ​ ​ WEIGHTED ​ ​ ​ ​ AVERAGE YIELD BALANCE MATURING ​ (IN THOUSANDS, EXCEPT RATES) 2024 3.23 % $ 7,947 2025 4.43 ​ 2,000 2026 4.29 ​ 12,920 2027 4.33 ​ 10,950 2028 4.50 ​ 10,745 Total advances from FHLB 4.17 ​ $ 44,562 ​ ​ ​ ​ ​ ​ ​ ​ 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

DISCLOSURES ABOUT FAIR VALUE _2

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 by level within the fair value hierarchy (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2023 ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities (1) ​ $ 499 ​ $ 499 ​ $ — ​ $ — Available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Agency ​ 5,339 ​ — ​ 5,339 ​ — U.S. Agency mortgage-backed securities ​ ​ 93,075 ​ ​ — ​ ​ 93,075 ​ ​ — Municipal ​ 10,360 ​ — ​ 10,360 ​ — Corporate bonds ​ 56,937 ​ — ​ 56,937 ​ — Interest rate swap asset (1) ​ 4,582 ​ — ​ 4,582 ​ — Interest rate hedge (2) ​ (446) ​ — ​ (446) ​ — Interest rate swap liability (2) ​ (4,665) ​ — ​ (4,665) ​ — Risk participation agreement (2) ​ (410) ​ — ​ (410) ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2022 ​ 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) ​ — ​ — ​ — ​ — (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, 2023 ​ ​ TOTAL ​ (LEVEL 1) (LEVEL 2) (LEVEL 3) Other real estate owned and repossessed assets ​ 15 ​ — ​ — ​ 15 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2022 ​ TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans ​ $ 1,583 ​ $ — ​ $ — ​ $ 1,583 Other real estate owned and repossessed assets ​ 39 ​ — ​ — ​ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information About Level 3 Fair Value Measurements ​ ​ ​ ​ Valuation ​ Unobservable ​ ​ ​ DECEMBER 31, 2023 Fair Value Techniques Input Range (Wgtd Avg) Other real estate owned and repossessed assets ​ 15 Appraisal of Appraisal 63% ( 63% ) ​ ​ ​ collateral (1) adjustments (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ Liquidation ​ 33% ( 33% ) ​ ​ ​ ​ ​ ​ ​ ​ expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Appraisal 0% to 100% (0.2%) ​ ​ ​ collateral (1) adjustments (2) ​ ​ Other real estate owned and repossessed assets 39 Appraisal Appraisal 52% (52%) ​ ​ ​ ​ ​ ​ collateral (1) ​ adjustments (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liquidation ​ 10% to 39% (11%) ​ ​ ​ ​ ​ ​ ​ ​ expenses ​ ​ ​ (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions.

DISCLOSURES ABOUT FAIR VALUE _3

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of estimated fair value and recorded carrying value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ ​ Fair Value ​ ​ (Level 1) ​ ​ (Level 2) ​ ​ (Level 3) ​ ​ ​ (IN THOUSANDS) FINANCIAL ASSETS: ​ ​ ​ ​ ​ Investment securities – HTM ​ $ 63,979 ​ $ 58,621 ​ $ — ​ $ 56,769 ​ $ 1,852 Loans held for sale ​ 130 ​ ​ 132 ​ ​ 132 ​ — ​ — Loans, net of allowance for credit losses and unearned income ​ 1,023,218 ​ ​ 950,402 ​ ​ — ​ — ​ 950,402 FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ Deposits with stated maturities ​ ​ 322,477 ​ ​ 321,660 ​ ​ — ​ ​ — ​ ​ 321,660 All other borrowings (1) ​ 71,247 ​ 70,061 ​ — ​ — ​ 70,061 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 credit losses 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 (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, 2023
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, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) Current ​ $ (477) ​ $ 1,220 ​ $ 973 Deferred ​ (565) ​ 533 ​ 729 Income tax expense (benefit) ​ $ (1,042) ​ $ 1,753 ​ $ 1,702
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, ​ ​ 2023 ​ 2022 ​ 2021 ​ AMOUNT RATE AMOUNT RATE AMOUNT RATE ​ ​ (IN THOUSANDS, EXCEPT PERCENTAGES) Income tax expense (benefit) based on federal statutory rate ​ $ (921) 21.0 % $ 1,932 21.0 % $ 1,843 21.0 % Tax exempt income ​ (237) 5.4 ​ (244) (2.6) ​ (253) (2.9) ​ Other ​ 116 (2.7) ​ 65 0.7 ​ 112 1.3 ​ Total expense (benefit) for income taxes ​ $ (1,042) 23.7 % $ 1,753 19.1 % $ 1,702 19.4 %
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, ​ 2023 2022 ​ ​ (IN THOUSANDS) DEFERRED TAX ASSETS: ​ ​ ​ ​ Allowance for credit losses - loans ​ $ 3,161 ​ $ 2,256 Allowance for credit losses - securities ​ 202 ​ — Allowance for credit losses - unfunded commitments ​ 197 ​ 157 Unrealized investment security losses ​ 3,650 ​ 3,971 Premises and equipment ​ 678 ​ 955 Lease liabilities ​ ​ 705 ​ ​ 698 Interest rate hedges ​ 94 ​ — Other ​ 169 ​ 185 Total tax assets ​ 8,856 ​ 8,222 DEFERRED TAX LIABILITIES: ​ ​ ​ ​ Investment accretion ​ (95) ​ (107) Lease right-of-use assets ​ ​ (636) ​ ​ (639) Accrued pension obligation ​ ​ (5,193) ​ ​ (4,494) Other ​ (253) ​ (193) Total tax liabilities ​ (6,177) ​ (5,433) Net deferred tax asset ​ $ 2,679 ​ $ 2,789

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2023
EMPLOYEE BENEFIT PLANS
Schedule of pension benefits	PENSION BENEFITS: ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) CHANGE IN BENEFIT OBLIGATION: ​ ​ Benefit obligation at beginning of year ​ $ 34,906 ​ $ 50,287 Service cost ​ 1,071 ​ ​ 1,419 Interest cost ​ 1,761 ​ ​ 1,462 Actuarial loss (gain) ​ 82 ​ ​ (9,787) Settlements ​ — ​ ​ (7,541) Benefits paid ​ (3,001) ​ ​ (934) Benefit obligation at end of year ​ 34,819 ​ ​ 34,906 CHANGE IN PLAN ASSETS: ​ ​ Fair value of plan assets at beginning of year ​ 56,257 ​ ​ 70,432 Actual return on plan assets ​ 6,079 ​ ​ (9,700) Employer contributions ​ — ​ ​ 4,000 Settlements ​ — ​ ​ (7,541) Benefits paid ​ (3,001) ​ ​ (934) Fair value of plan assets at end of year ​ 59,335 ​ ​ 56,257 Funded status of the plan ​ $ 24,516 ​ $ 21,351
Schedule of amounts not yet recognized as a component of periodic pension cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 ​ ​ (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 ​ $ 7,626 ​ $ 9,597 Total ​ $ 7,626 ​ $ 9,597
Schedule of accumulated benefit obligation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) ACCUMULATED BENEFIT OBLIGATION: ​ ​ Accumulated benefit obligation ​ $ 32,137 ​ $ 32,190
Schedule of weighted-average assumptions used to determine benefit obligations	The weighted-average assumptions used to determine benefit obligations at December 31, 2023 and 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 WEIGHTED AVERAGE ASSUMPTIONS: ​ Discount rate 5.12 % 5.45 % Salary scale ​ ​ ​ ​ ​ Ages 25-34 ​ 5.00 ​ 5.00 ​ Ages 35-44 ​ 4.00 ​ 4.00 ​ Ages 45-54 ​ 3.00 ​ 3.00 ​ Ages 55+ 2.50 2.50 ​
Schedule of net periodic pension cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) COMPONENTS OF NET PERIODIC BENEFIT COST: ​ ​ ​ ​ Service cost ​ $ 1,071 ​ $ 1,419 ​ $ 1,708 Interest cost ​ 1,761 ​ 1,462 ​ 894 Expected return on plan assets ​ (4,063) ​ (4,193) ​ (4,008) Amortization of net loss ​ 37 ​ 1,330 ​ 2,421 Settlement charge ​ — ​ 2,498 ​ 1,736 Net periodic pension (benefit) cost ​ $ (1,194) ​ $ 2,516 ​ $ 2,751
Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS ​ ​ ​ ​ Net (gain) loss ​ $ (1,934) ​ $ 4,106 ​ $ (7,153) Recognized loss ​ (37) ​ (3,828) ​ (4,157) Total recognized in other comprehensive loss before tax effect ​ $ (1,971) ​ $ 278 ​ $ (11,310) Total recognized in net benefit cost and other comprehensive loss before tax effect ​ $ (3,165) ​ $ 2,794 ​ $ (8,559)
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, 2023, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 WEIGHTED AVERAGE ASSUMPTIONS: ​ Discount rate 5.45 % 2.81 % 2.48 % Expected return on plan assets 7.00 7.00 7.00 ​ Rate of compensation increase ​ ​ ​ ​ ​ ​ ​ Ages 25-34 ​ 5.00 ​ 2.50 ​ 2.50 ​ Ages 35-44 ​ 4.00 ​ 2.50 ​ 2.50 ​ Ages 45-54 ​ 3.00 ​ 2.50 ​ 2.50 ​ Ages 55+ 2.50 2.50 2.50 ​
Schedule of plan's asset allocations	The plan’s measurement date is December 31, 2023. This plan’s asset allocation at December 31, 2023 and 2022, by asset category is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 ASSET CATEGORY: ​ Cash and cash equivalents 2.4 % 89.9 % Domestic equities 3.4 7.1 ​ Mutual funds/ETFs 94.2 — ​ Corporate bonds — 3.0 ​ 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, ​ 2023 2022 ​ ​ (IN THOUSANDS) Level 1: ​ ​ Cash and cash equivalents ​ $ 1,419 ​ $ 50,553 Domestic equities ​ 2,007 ​ ​ 4,026 Mutual funds/ETFs ​ 55,909 ​ ​ — Level 2: ​ ​ ​ ​ ​ Corporate bonds ​ — ​ ​ 1,678 Total fair value of plan assets ​ $ 59,335 ​ $ 56,257
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) 2024 ​ $ 4,874 2025 ​ 4,470 2026 ​ 4,651 2027 ​ 3,860 2028 ​ 3,220 Years 2029-2033 ​ 12,630

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2023
STOCK COMPENSATION PLANS
Schedule of company's stock incentive plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2023 ​ 2022 ​ 2021 ​ ​ WEIGHTED ​ WEIGHTED ​ WEIGHTED ​ ​ ​ ​ AVERAGE ​ ​ ​ AVERAGE ​ ​ ​ AVERAGE ​ ​ SHARES ​ EXERCISE PRICE ​ SHARES ​ EXERCISE PRICE ​ SHARES ​ EXERCISE PRICE Outstanding at beginning of year ​ 323,786 ​ $ 3.52 ​ 369,047 ​ $ 3.47 ​ 230,913 ​ $ 3.14 Granted — ​ ​ — ​ — ​ ​ — 160,000 ​ ​ 3.84 Exercised (29,653) ​ ​ 3.19 ​ (36,117) ​ ​ 2.96 (21,356) ​ ​ 2.68 Forfeited (49,133) ​ ​ 3.17 ​ (9,144) ​ ​ 3.62 (510) ​ ​ 3.23 Outstanding at end of year 245,000 ​ ​ 3.64 ​ 323,786 ​ ​ 3.52 369,047 ​ ​ 3.47 Exercisable at end of year 200,002 ​ ​ 3.59 ​ 223,784 ​ ​ 3.38 206,713 ​ ​ 3.18 Weighted average fair value of options granted in current year ​ $ — ​ ​ $ — ​ $ 1.78
Schedule of fair value assumptions of each option grant	​ ​ ​ ​ ​ ​ ​ 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, 2023
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 ended December 31, 2023, 2022, and 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 ​ YEAR ENDED DECEMBER 31, 2022 ​ YEAR ENDED DECEMBER 31, 2021 ​ Net ​ ​ ​ ​ ​ ​ Net ​ ​ ​ ​ Net ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ Gains and ​ ​ ​ ​ ​ ​ ​ ​ Losses on ​ ​ ​ Defined ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ Losses on ​ Defined ​ ​ ​ ​ ​ Investment ​ Interest ​ Benefit ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ Investment ​ Benefit ​ ​ ​ ​ ​ Securities ​ Rate ​ Pension ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ Securities ​ Pension ​ ​ ​ ​ ​ AFS (1) ​ Hedge (1) ​ Items (1) ​ Total (1) ​ AFS (1) ​ Items (1) ​ Total (1) ​ AFS (1) ​ Items (1) ​ Total (1) Beginning balance ​ $ (14,938) ​ $ — ​ $ (7,582) ​ $ (22,520) ​ $ 1,386 ​ $ (7,898) ​ $ (6,512) ​ $ 3,539 ​ $ (16,737) ​ $ (13,198) Other comprehensive income (loss) before reclassifications ​ 479 ​ 11 ​ 1,659 ​ 2,149 ​ (16,324) ​ (2,708) ​ (19,032) ​ (2,087) ​ 5,555 ​ 3,468 Amounts reclassified from accumulated other comprehensive loss ​ 729 ​ (363) ​ 29 ​ 395 ​ — ​ 3,024 ​ 3,024 ​ (66) ​ 3,284 ​ 3,218 Net current period other comprehensive income (loss) ​ 1,208 ​ (352) ​ 1,688 ​ 2,544 ​ (16,324) ​ 316 ​ (16,008) ​ (2,153) ​ 8,839 ​ 6,686 Ending balance ​ $ (13,730) ​ $ (352) ​ $ (5,894) ​ $ (19,976) ​ $ (14,938) ​ $ (7,582) ​ $ (22,520) ​ $ 1,386 ​ $ (7,898) ​ $ (6,512) (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 ended December 31, 2023, 2022, and 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount reclassified from accumulated ​ ​ ​ ​ other comprehensive loss (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Details about accumulated other ​ YEAR ENDED ​ YEAR ENDED ​ YEAR ENDED ​ Affected line item in the comprehensive loss components DECEMBER 31, 2023 DECEMBER 31, 2022 DECEMBER 31, 2021 statement of operations Realized (gains) losses on sale of securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 922 ​ $ — ​ $ (84) ​ Net realized gains (losses) on investment securities ​ ​ ​ (193) ​ ​ — ​ ​ 18 ​ Provision (benefit) for income taxes ​ ​ $ 729 ​ $ — ​ $ (66) ​ Interest rate hedge ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (460) ​ $ — ​ $ — ​ Interest expense - Deposits ​ ​ ​ 97 ​ ​ — ​ ​ — ​ Provision (benefit) for income taxes ​ ​ $ (363) ​ $ — ​ $ — ​ Amortization of estimated defined benefit pension plan loss (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 37 ​ $ 3,828 ​ $ 4,157 Other expense ​ ​ (8) ​ (804) ​ (873) Provision (benefit) for income taxes ​ ​ $ 29 ​ $ 3,024 ​ $ 3,284 ​ Total reclassifications for the period ​ $ 395 ​ $ 3,024 ​ $ 3,218 ​ (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 16 for additional details) .

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
INTANGIBLE ASSETS
Schedule of Finite-Lived Intangible Assets	​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ ​ 2023 ​ 2022 ​ (IN THOUSANDS) ​ CORE DEPOSIT INTANGIBLE ​ ​ ​ ​ ​ ​ Balance at beginning of year $ 128 ​ $ 158 ​ Amortization (27) ​ ​ (30) ​ Balance at end of year $ 101 ​ $ 128 ​
Schedule of future amortization expense	As of December 31, 2023, the estimated future amortization expense for the core deposit intangible associated with the Riverview branch acquisition is as follows (in thousands): ​ ​ ​ ​ 2024 $ 24 2025 ​ 21 2026 17 2027 14 2028 11 After five years ​ 14 ​ $ 101 ​

DERIVATIVE HEDGING INSTRUMENTS

DERIVATIVE HEDGING INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
DERIVATIVE HEDGING INSTRUMENTS
Schedule of interest rate swap transactions	The following table summarizes the interest rate swap transactions that impacted the Company’s 2023 and 2022 performance (in thousands, except percentages). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ INCREASE ​ ​ ​ ​ AGGREGATE ​ WEIGHTED ​ ​ ​ (DECREASE) ​ ​ ​ ​ NOTIONAL ​ AVERAGE RATE ​ REPRICING ​ IN INTEREST ​ ​ HEDGE TYPE ​ AMOUNT ​ RECEIVED/(PAID) ​ FREQUENCY ​ EXPENSE Swap assets N/A $ 76,502 7.45 % Monthly $ 2,099 Swap liabilities N/A ​ (76,502) (7.45) Monthly ​ (2,099) Net exposure ​ ​ $ — — % ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ $ — — % ​ $ —
Schedule of cash flow hedges accumulated other comprehensive loss	The following table summarizes the effect of the effective portion of the Company’s cash flow hedge accounting on accumulated other comprehensive loss for the year ended December 31, 2023 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 Derivatives in Cash Flow Hedging Relationships ​ Amount Recognized in Other Comprehensive Loss on Derivative ​ Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss ​ Amount Reclassified from Accumulated Other Compreshensive Loss Interest rate hedge ​ $ (446) Interest expense - Deposits $ (460) Total ​ $ (446) ​ ​ $ (460)

SEGMENT RESULTS (Tables)

SEGMENT RESULTS (Tables)	12 Months Ended
	Dec. 31, 2023
SEGMENT RESULTS
Schedule of business segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, 2023 ​ ​ COMMUNITY ​ WEALTH ​ INVESTMENT/ ​ ​ ​ ​ ​ BANKING ​ MANAGEMENT ​ PARENT ​ TOTAL ​ ​ (IN THOUSANDS) Net interest income (expense) $ 50,843 $ 11 $ (14,834) $ 36,020 Provision for credit losses ​ 6,580 ​ — ​ 849 ​ 7,429 Non-interest income ​ 4,409 ​ 11,270 ​ 710 ​ 16,389 Non-interest expense ​ 34,749 ​ 9,506 ​ 5,113 ​ 49,368 Income (loss) before income taxes ​ 13,923 ​ 1,775 ​ (20,086) ​ (4,388) Income tax expense (benefit) ​ 2,389 ​ 452 ​ (3,883) ​ (1,042) Net income (loss) ​ $ 11,534 ​ $ 1,323 ​ $ (16,203) ​ $ (3,346) Total assets ​ $ 1,151,720 ​ $ 11,173 ​ $ 226,745 ​ $ 1,389,638 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 credit losses ​ 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 credit losses ​ 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 ​

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2023
REGULATORY CAPITAL
Schedule of compliance with regulatory capital requirements under banking regulations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ $ 149,596 13.03 % $ 135,196 11.82 % 8.00 % 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) ​ 108,541 9.46 ​ 120,874 10.57 4.50 6.50 ​ Tier 1 Capital (To Risk Weighted Assets) ​ 108,541 9.46 ​ 120,874 10.57 6.00 8.00 ​ Tier 1 Capital (To Average Assets) ​ 108,541 7.80 ​ 120,874 8.78 4.00 5.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ * Applies to the Bank only.

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
PARENT COMPANY FINANCIAL INFORMATION
Schedule of parent company information of balance sheets	BALANCE SHEETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ AT DECEMBER 31, ​ 2023 2022 ​ ​ (IN THOUSANDS) ASSETS ​ ​ Cash ​ $ 100 ​ $ 100 Short-term investments ​ 3,553 ​ 3,178 Cash and cash equivalents ​ ​ 3,653 ​ ​ 3,278 Investment securities available for sale ​ 4,532 ​ 6,334 Equity investment in banking subsidiary ​ 115,322 ​ 117,432 Equity investment in non-banking subsidiaries ​ 6,084 ​ 6,533 Other assets ​ 1,163 ​ 1,008 TOTAL ASSETS ​ $ 130,754 ​ $ 134,585 LIABILITIES ​ ​ Subordinated debt ​ $ 26,685 ​ $ 26,644 Other liabilities ​ 1,792 ​ 1,763 TOTAL LIABILITIES ​ 28,477 ​ 28,407 SHAREHOLDERS’ EQUITY ​ ​ Total shareholders’ equity ​ 102,277 ​ 106,178 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ​ $ 130,754 ​ $ 134,585
Schedule of parent company information of statements of operations	STATEMENTS OF OPERATIONS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) INCOME ​ ​ ​ Inter-entity management and other fees ​ $ 2,702 ​ $ 2,566 ​ $ 2,520 Dividends from banking subsidiary ​ 3,000 ​ 4,000 ​ 2,000 Dividends from non-banking subsidiary ​ 1,650 ​ 1,055 ​ 1,550 Interest, dividend and other income ​ 221 ​ 146 ​ 115 TOTAL INCOME ​ 7,573 ​ 7,767 ​ 6,185 EXPENSE ​ ​ ​ ​ ​ ​ Interest expense ​ 1,054 ​ 1,054 ​ 1,798 Salaries and employee benefits ​ 2,816 ​ 2,811 ​ 2,871 Other expense ​ 4,362 ​ 1,948 ​ 1,783 TOTAL EXPENSE ​ 8,232 ​ 5,813 ​ 6,452 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES ​ (659) ​ 1,954 ​ (267) Benefit for income taxes ​ (1,115) ​ (652) ​ (802) Equity in undistributed earnings of subsidiaries ​ (3,802) ​ 4,842 ​ 6,537 NET INCOME (LOSS) ​ $ (3,346) ​ $ 7,448 ​ $ 7,072 COMPREHENSIVE INCOME (LOSS) ​ $ (802) ​ $ (8,560) ​ $ 13,758
Schedule of parent company information of statements of cash flows	STATEMENTS OF CASH FLOWS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ YEAR ENDED DECEMBER 31, ​ 2023 2022 2021 ​ ​ (IN THOUSANDS) OPERATING ACTIVITIES ​ ​ ​ Net income (loss) ​ $ (3,346) ​ $ 7,448 ​ $ 7,072 Adjustment to reconcile net income (loss) to net cash provided by operating activities: ​ ​ ​ ​ ​ ​ Equity in undistributed earnings of subsidiaries ​ 3,802 ​ (4,842) ​ (6,537) Stock compensation expense ​ 45 ​ 50 ​ 43 Other – net ​ (53) ​ 189 ​ 1,204 NET CASH PROVIDED BY OPERATING ACTIVITIES ​ 448 ​ 2,845 ​ 1,782 INVESTING ACTIVITIES ​ ​ ​ Purchase of investment securities – available for sale ​ — ​ (3,994) ​ (1,008) Proceeds from maturity and sales of investment securities – available for sale ​ 1,891 ​ 655 ​ 991 Capital contribution to banking subsidiary ​ — ​ — ​ (3,500) NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES ​ 1,891 ​ (3,339) ​ (3,517) 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 ​ 94 ​ 106 ​ 57 Purchases of treasury stock ​ — ​ — ​ — Common stock dividends paid ​ (2,058) ​ (1,967) ​ (1,708) NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES ​ (1,964) ​ (1,861) ​ 5,270 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ​ 375 ​ (2,355) ​ 3,535 CASH AND CASH EQUIVALENTS AT JANUARY 1 ​ 3,278 ​ 5,633 ​ 2,098 CASH AND CASH EQUIVALENTS AT DECEMBER 31 ​ $ 3,653 ​ $ 3,278 ​ $ 5,633

SELECTED QUARTERLY CONSOLIDAT_2

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2023
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 QUARTER ENDED ​ DEC. 31 SEPT. 30 JUNE 30 MARCH 31 ​ ​ (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income ​ $ 15,968 ​ $ 15,439 ​ $ 14,879 ​ $ 14,574 Interest expense ​ 7,379 ​ 6,640 ​ 5,769 ​ 5,052 Net interest income ​ 8,589 ​ 8,799 ​ 9,110 ​ 9,522 Provision for credit losses ​ 6,018 ​ 189 ​ 43 ​ 1,179 Net interest income after provision for credit losses ​ 2,571 ​ 8,610 ​ 9,067 ​ 8,343 Non-interest income ​ 2,764 ​ 4,256 ​ 3,862 ​ 5,507 Non-interest expense ​ 12,133 ​ 12,095 ​ 13,177 ​ 11,963 Income (loss) before income taxes ​ (6,798) ​ 771 ​ (248) ​ 1,887 Provision (benefit) for income taxes ​ (1,477) ​ 124 ​ (61) ​ 372 Net income (loss) ​ $ (5,321) ​ $ 647 ​ $ (187) ​ $ 1,515 Basic earnings per common share ​ $ (0.31) ​ $ 0.04 ​ $ (0.01) ​ $ 0.09 Diluted earnings per common share ​ (0.31) ​ 0.04 ​ (0.01) ​ 0.09 Cash dividends declared per common share ​ 0.030 ​ 0.030 ​ 0.030 ​ 0.030 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 credit losses ​ 275 ​ 500 ​ (325) ​ (400) Net interest income after provision (credit) for credit 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 ​

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional information (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2023 USD ($) security $ / shares	Dec. 31, 2023 USD ($) location lease item security $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Jan. 01, 2023 USD ($)	Dec. 31, 2020 USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of Stores	17	17
Number of locations in Southwestern Pennsylvania Counties | item		5
Assets under Management, Carrying Amount	$ 2,500,000,000	$ 2,500,000,000	$ 2,300,000,000
Number of locations in Pennsylvania | location		16
Number of locations in state Maryland | location		1
Held to maturity, allowance for credit losses	37,000	$ 37,000			$ 114,000
Accrued interest receivable on held to maturity debt securities	388,000	388,000
Held to maturity debt securities in non-accrual	0	0
Allowance for credit losses	926,000	926,000
Accrued interest receivable on available for sale debt securities	$ 988,000	$ 988,000
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest income receivable	Accrued interest income receivable
Number of available for sale debt securities in non accrual status | security	1	1
Available-for-Sale debt securities in non-accrual	$ 926,000	$ 926,000
Federal Home Loan Bank Stock Par Value | $ / shares	$ 100	$ 100
Accrued interest receivable	$ 4,200,000	$ 4,200,000	$ 3,500,000
Threshold Period Past Due for Write-off of Financing Receivable	90 days	90 days
Description Of Accounting Treatment For Short Term Operating Lease		As of December 31, 2023, the Company had no short-term leases compared to one short-term lease for an office location as of December 31, 2022.
Percentage of general reserve	49%
Percentage of quantitative reserve	51%
Evaluated for impairment	$ 150,000	$ 150,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares		218,000	22,000	22,000
Income Taxes Paid		$ 625,000,000,000	$ 1,100,000	$ 200,000
Real Estate Owned, Transfer from Real Estate Owned		15,000	53,000	8,000
Operating lease liabilities	658,000	658,000	643,000
Operating lease right-of-use asset	646,000	646,000	630,000
Finance Lease, Right-of-Use Asset	2,384,000	2,384,000	2,413,000
Finance Lease, Liability	2,700,000	2,700,000	2,680,000
Total interest payments		21,771,000	8,450,000	8,049,000
Allowance for credit losses - Loans	15,053,000	15,053,000	10,743,000	$ 12,398,000	11,947,000	$ 11,345,000
Allowance for credit losses	940,000	940,000	$ 746,000		923,000
Consumer and residential mortgage loans
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Minimum aggregate balances for commercial loan relationship under structure loan rating process.	$ 250,000	$ 250,000
Core Deposits Intangibles
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Finite-lived intangible asset useful life	10 years	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	$ 3.18	$ 3.18	$ 4	$ 4
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	$ 4.22
Impact of adopting ASU 2016-13
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Held to maturity, allowance for credit losses			$ 114,000
ASU 2016-13
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Held to maturity, allowance for credit losses	$ 114,000	$ 114,000
Allowance for credit losses - Loans	1,200,000	1,200,000			1,200,000
Allowance for credit losses					177,000
ASU 2016-13 | Unfunded Loan Commitment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Held to maturity, allowance for credit losses					114,000
Allowance for credit losses	177,000	177,000
ASU 2016-13 | Revision of Prior Period, Adjustment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Held to maturity, allowance for credit losses					114,000
Allowance for credit losses - Loans					1,204,000
Allowance for credit losses					$ 177,000
ASU 2016-13 | Impact of adopting ASU 2016-13
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Allowance for credit losses - Loans	(1,204,000)	(1,204,000)
U.S. Agency
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Held to maturity, allowance for credit losses	0	0
U.S. Agency mortgage-backed securities
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Held to maturity, allowance for credit losses	0	0
Commercial | Commercial
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Minimum aggregate balances for commercial loan relationship under structure loan rating process.	$ 1,000,000	$ 1,000,000
Premises
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Property, Plant and Equipment, Useful Life	30 years	30 years
Equipment
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Property, Plant and Equipment, Useful Life	10 years	10 years
New Finance Leased Assets
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of financing leases | lease		2
Finance Lease, Right-of-Use Asset			45,000
Finance Lease, Liability	$ 248,000	$ 248,000	$ 45,000
Operating lease relating to office location
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Operating lease liabilities	85,000	85,000
Operating lease right-of-use asset	$ 85,000	$ 85,000

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Computation of diluted earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income	$ (5,321)	$ 647	$ (187)	$ 1,515	$ 947	$ 2,102	$ 1,981	$ 2,418	$ (3,346)	$ 7,448	$ 7,072
Denominator:
Weighted average common shares outstanding (basic) (in shares)									17,143	17,107	17,073
Effect of stock options (in shares)									1	39	41
Weighted average common shares outstanding (diluted) (in shares)									17,144	17,146	17,114
Earnings per common share:
Basic (in dollars per share)	$ (0.31)	$ 0.04	$ (0.01)	$ 0.09	$ 0.06	$ 0.12	$ 0.12	$ 0.14	$ (0.20)	$ 0.44	$ 0.41
Diluted (in dollars per share)	$ (0.31)	$ 0.04	$ (0.01)	$ 0.09	$ 0.06	$ 0.12	$ 0.12	$ 0.14	$ (0.20)	$ 0.43	$ 0.41

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Non-cash assets acquired and Liabilities Assumed (Details) - Riverview Bank $ in Thousands	12 Months Ended
	Dec. 31, 2021 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)

ADOPTION OF ACCOUNTING STANDA_3

ADOPTION OF ACCOUNTING STANDARDS (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 58,901,000		$ 65,486,000
Allowance for credit losses - Loans	15,053,000	$ 11,947,000	10,743,000	$ 12,398,000	$ 11,345,000
Held to maturity, allowance for credit losses	37,000	114,000
Off-Balance-Sheet, credit loss liabilities	940,000	923,000	$ 746,000
ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		1,200,000
Amount of retained earnings related to loans		951,000
Amount of retained earnings related to held to maturity debt securities		90,000
Allowance for credit losses - Loans	1,200,000	1,200,000
Held to maturity, allowance for credit losses	$ 114,000
Off-Balance-Sheet, credit loss liabilities		177,000
ASU 2016-13 | Unfunded Loan Commitment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Amount of retained earnings related to unfunded commitments		140,000
Held to maturity, allowance for credit losses		$ 114,000

ADOPTION OF ACCOUNTING STANDA_4

ADOPTION OF ACCOUNTING STANDARDS - Current Expected Credit Loss Model (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Held to maturity, allowance for credit losses	$ 37,000	$ 114,000
Loans, net of unearned income		990,766,000
Less: Allowance for credit losses	15,053,000	11,947,000	$ 10,743,000	$ 12,398,000	$ 11,345,000
Off-Balance-Sheet, credit loss liabilities	940,000	923,000	746,000
ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Held to maturity, allowance for credit losses	114,000
Less: Allowance for credit losses	1,200,000	1,200,000
Off-Balance-Sheet, credit loss liabilities		177,000
Other commercial and industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		153,389,000
Less: Allowance for credit losses	3,030,000	2,908,000
Other commercial real estate (non-owner occupied)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		224,913,000
Less: Allowance for credit losses	3,428,000	3,196,000
Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		173,777,000
Less: Allowance for credit losses	1,021,000	1,025,000	1,380,000	1,590,000
Allocation for general risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses			653,000	1,232,000	1,093,000
Unfunded Loan Commitment | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Held to maturity, allowance for credit losses		114,000
Commercial | Commercial real estate (owner occupied)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		81,359,000
Less: Allowance for credit losses	1,529,000	1,380,000
Commercial | Other commercial and industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses	3,030,000
Commercial | Commercial real estate (non-owner occupied)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses			5,972,000	6,392,000	5,373,000
Commercial | Commercial real estate (non-owner occupied) - retail
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		148,901,000
Less: Allowance for credit losses	3,488,000	1,432,000
Commercial | Commercial real estate (non-owner occupied) - multi-family
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		106,423,000
Less: Allowance for credit losses	1,430,000	1,226,000
Commercial | Other commercial real estate (non-owner occupied)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses	3,428,000		5,972,000
Commercial | Commercial (owner occupied real estate and other)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses			2,653,000
Consumer. | Commercial real estate (non-owner occupied) - retail
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses	3,488,000
Consumer. | Commercial real estate (non-owner occupied) - multi-family
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses	1,430,000
Consumer. | Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses			1,380,000	1,590,000	1,292,000
Consumer. | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		102,004,000
Less: Allowance for credit losses	1,127,000	780,000	85,000	$ 113,000	$ 115,000
Municipal
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Held to maturity, allowance for credit losses	$ 2,000	3,000
Corporate bonds.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Held to maturity, allowance for credit losses		111,000
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income			990,766,000
Less: Allowance for credit losses			10,743,000
Off-Balance-Sheet, credit loss liabilities			746,000
Previously Reported [Member] | Other commercial and industrial
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income			153,420,000
Previously Reported [Member] | Other commercial real estate (non-owner occupied)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income			450,744,000
Less: Allowance for credit losses			5,972,000
Previously Reported [Member] | Residential mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income			297,971,000
Less: Allowance for credit losses			1,380,000
Previously Reported [Member] | Allocation for general risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses			653,000
Previously Reported [Member] | Commercial | Commercial real estate (owner occupied)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income			75,158,000
Previously Reported [Member] | Commercial | Commercial (owner occupied real estate and other)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses			2,653,000
Previously Reported [Member] | Consumer. | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income			13,473,000
Less: Allowance for credit losses			$ 85,000
Revision of Prior Period, Adjustment | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Held to maturity, allowance for credit losses		114,000
Less: Allowance for credit losses		1,204,000
Off-Balance-Sheet, credit loss liabilities		177,000
Revision of Prior Period, Adjustment | Other commercial and industrial | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		(31,000)
Less: Allowance for credit losses		2,908,000
Revision of Prior Period, Adjustment | Other commercial real estate (non-owner occupied) | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		(225,831,000)
Less: Allowance for credit losses		(2,776,000)
Revision of Prior Period, Adjustment | Residential mortgage | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		(124,194,000)
Less: Allowance for credit losses		(355,000)
Revision of Prior Period, Adjustment | Allocation for general risk | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses		(653,000)
Revision of Prior Period, Adjustment | Commercial | Commercial real estate (owner occupied) | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		6,201,000
Less: Allowance for credit losses		1,380,000
Revision of Prior Period, Adjustment | Commercial | Commercial real estate (non-owner occupied) - retail | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		148,901,000
Less: Allowance for credit losses		1,432,000
Revision of Prior Period, Adjustment | Commercial | Commercial real estate (non-owner occupied) - multi-family | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		106,423,000
Less: Allowance for credit losses		1,226,000
Revision of Prior Period, Adjustment | Commercial | Commercial (owner occupied real estate and other) | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Less: Allowance for credit losses		(2,653,000)
Revision of Prior Period, Adjustment | Consumer. | Consumer | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans, net of unearned income		88,531,000
Less: Allowance for credit losses		695,000
Revision of Prior Period, Adjustment | Municipal | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Held to maturity, allowance for credit losses		3,000
Revision of Prior Period, Adjustment | Corporate bonds. | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Held to maturity, allowance for credit losses		$ 111,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Non-interest income (in-scope of Topic 606)									$ 14,493	$ 14,737	$ 14,968
Non-interest income (out-of-scope of Topic 606)									1,896	1,955	2,793
Total Non-Interest Income	$ 2,764	$ 4,256	$ 3,862	$ 5,507	$ 3,893	$ 4,326	$ 4,138	$ 4,335	16,389	16,692	17,761
Wealth management fees
Non-interest income (in-scope of Topic 606)									11,266	11,620	11,986
Service charges on deposit accounts
Non-interest income (in-scope of Topic 606)									1,163	1,108	965
Other
Non-interest income (in-scope of Topic 606)									$ 2,064	$ 2,009	$ 2,017

REVENUE RECOGNITION - Additiona

REVENUE RECOGNITION - Additional information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Percentage of entity revenue	81.20%
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, 2023	Dec. 31, 2022	Mar. 26, 2020
CASH AND DUE FROM DEPOSITORY INSTITUTIONS
Restricted cash and cash equivalents			$ 0
Cash and due from depository institutions	$ 9,678	$ 18,830

INVESTMENT SECURITIES - Cost ba

INVESTMENT SECURITIES - Cost basis and fair values of investment securities (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	$ 184,018,000		$ 198,417,000
Investment securities available for sale, Gross Unrealized Gains	226,000		95,000
Investment securities available for sale, Gross Unrealized Losses	(17,607,000)		(19,004,000)
Investment securities available for sale, Allowance for credit losses	(926,000)
Available for Sale, Fair Value	165,711,000		179,508,000
Investment securities held to maturity, Cost Basis	63,979,000		61,878,000
Investment securities held to maturity, Gross Unrealized Gains	49,000		10,000
Investment securities held to maturity, Gross Unrealized Losses	(5,407,000)		(6,696,000)
Investment securities held to maturity, Allowance for credit losses	(37,000)	$ (114,000)
Investment securities held to maturity, Fair value	58,621,000		55,192,000
U.S. Agency
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	6,035,000		11,797,000
Investment securities available for sale, Gross Unrealized Gains			1,000
Investment securities available for sale, Gross Unrealized Losses	(696,000)		(1,265,000)
Available for Sale, Fair Value	5,339,000		10,533,000
Investment securities held to maturity, Cost Basis	2,500,000		2,500,000
Investment securities held to maturity, Gross Unrealized Losses	(379,000)		(432,000)
Investment securities held to maturity, Allowance for credit losses	0
Investment securities held to maturity, Fair value	2,121,000		2,068,000
U.S. Agency mortgage-backed securities
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	104,820,000		102,631,000
Investment securities available for sale, Gross Unrealized Gains	179,000		64,000
Investment securities available for sale, Gross Unrealized Losses	(11,924,000)		(12,710,000)
Available for Sale, Fair Value	93,075,000		89,985,000
Investment securities held to maturity, Cost Basis	24,222,000		18,877,000
Investment securities held to maturity, Gross Unrealized Gains	49,000		8,000
Investment securities held to maturity, Gross Unrealized Losses	(2,058,000)		(2,212,000)
Investment securities held to maturity, Allowance for credit losses	0
Investment securities held to maturity, Fair value	22,213,000		16,673,000
Municipal
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	11,159,000		20,837,000
Investment securities available for sale, Gross Unrealized Gains	1,000
Investment securities available for sale, Gross Unrealized Losses	(800,000)		(1,799,000)
Available for Sale, Fair Value	10,360,000		19,038,000
Investment securities held to maturity, Cost Basis	32,787,000		33,993,000
Investment securities held to maturity, Gross Unrealized Gains			2,000
Investment securities held to maturity, Gross Unrealized Losses	(2,797,000)		(3,880,000)
Investment securities held to maturity, Allowance for credit losses	(2,000)	(3,000)
Investment securities held to maturity, Fair value	29,990,000		30,115,000
Corporate bonds.
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	62,004,000		63,152,000
Investment securities available for sale, Gross Unrealized Gains	46,000		30,000
Investment securities available for sale, Gross Unrealized Losses	(4,187,000)		(3,230,000)
Investment securities available for sale, Allowance for credit losses	(926,000)
Available for Sale, Fair Value	56,937,000		59,952,000
Investment securities held to maturity, Allowance for credit losses		$ (111,000)
Corporate bonds and other securities
Information concerning investments with unrealized gains and losses
Investment securities held to maturity, Cost Basis	4,470,000		6,508,000
Investment securities held to maturity, Gross Unrealized Losses	(173,000)		(172,000)
Investment securities held to maturity, Allowance for credit losses	(35,000)
Investment securities held to maturity, Fair value	$ 4,297,000		$ 6,336,000

INVESTMENT SECURITIES - Total i

INVESTMENT SECURITIES - Total investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	$ 7,624
Available for Sale, Cost Basis, After 1 year but within 5 years	35,374
Available for Sale, Cost Basis, After 5 years but within 10 years	41,575
Available for Sale, Cost Basis, Over 10 years	99,445
Investment securities available for sale, Cost Basis	184,018	$ 198,417
Available for Sale, Fair Value, Within 1 year	7,524
Available for Sale, Fair Value, After 1 year but within 5 years	33,882
Available for Sale, Fair Value, After 5 years but within 10 years	36,561
Available for Sale, Fair Value, Over 10 years	87,744
Available for Sale, Fair Value, Total	165,711	179,508
Held to Maturity, Cost Basis, Within 1 year	3,182
Held to Maturity, Cost Basis, After 1 year but within 5 years	15,110
Held to Maturity, Cost Basis, After 5 years but within 10 years	21,484
Held to Maturity, Cost Basis, Over 10 years	24,203
Investment securities held to maturity, Cost Basis	63,979	61,878
Held to Maturity, Fair Value, Within 1 year	3,128
Held to Maturity, Fair Value, After 1 year but within 5 years	14,440
Held to Maturity, Fair Value, After 5 years but within 10 years	19,032
Held to Maturity, Fair Value, Over 10 years	22,021
Held to Maturity, Fair Value, Total	58,621	55,192
U.S. Agency
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	500
Available for Sale, Cost Basis, After 1 year but within 5 years	176
Available for Sale, Cost Basis, After 5 years but within 10 years	4,000
Available for Sale, Cost Basis, Over 10 years	1,359
Investment securities available for sale, Cost Basis	6,035	11,797
Available for Sale, Fair Value, Within 1 year	499
Available for Sale, Fair Value, After 1 year but within 5 years	169
Available for Sale, Fair Value, After 5 years but within 10 years	3,434
Available for Sale, Fair Value, Over 10 years	1,237
Available for Sale, Fair Value, Total	5,339	10,533
Held to Maturity, Cost Basis, After 5 years but within 10 years	2,500
Investment securities held to maturity, Cost Basis	2,500	2,500
Held to Maturity, Fair Value, After 5 years but within 10 years	2,121
Held to Maturity, Fair Value, Total	2,121	2,068
Municipal
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	2,112
Available for Sale, Cost Basis, After 1 year but within 5 years	4,511
Available for Sale, Cost Basis, After 5 years but within 10 years	4,536
Investment securities available for sale, Cost Basis	11,159	20,837
Available for Sale, Fair Value, Within 1 year	2,085
Available for Sale, Fair Value, After 1 year but within 5 years	4,336
Available for Sale, Fair Value, After 5 years but within 10 years	3,939
Available for Sale, Fair Value, Total	10,360	19,038
Held to Maturity, Cost Basis, Within 1 year	1,211
Held to Maturity, Cost Basis, After 1 year but within 5 years	13,108
Held to Maturity, Cost Basis, After 5 years but within 10 years	17,174
Held to Maturity, Cost Basis, Over 10 years	1,294
Investment securities held to maturity, Cost Basis	32,787	33,993
Held to Maturity, Fair Value, Within 1 year	1,195
Held to Maturity, Fair Value, After 1 year but within 5 years	12,580
Held to Maturity, Fair Value, After 5 years but within 10 years	15,143
Held to Maturity, Fair Value, Over 10 years	1,072
Held to Maturity, Fair Value, Total	29,990	30,115
Corporate bonds and other securities
Contractual maturities of securities
Held to Maturity, Cost Basis, Within 1 year	1,000
Held to Maturity, Cost Basis, After 1 year but within 5 years	2,002
Held to Maturity, Cost Basis, After 5 years but within 10 years	488
Held to Maturity, Cost Basis, Over 10 years	980
Investment securities held to maturity, Cost Basis	4,470	6,508
Held to Maturity, Fair Value, Within 1 year	969
Held to Maturity, Fair Value, After 1 year but within 5 years	1,860
Held to Maturity, Fair Value, After 5 years but within 10 years	488
Held to Maturity, Fair Value, Over 10 years	980
Held to Maturity, Fair Value, Total	4,297	6,336
U.S. Agency mortgage-backed securities
Contractual maturities of securities
Available for Sale, Cost Basis, After 1 year but within 5 years	1,667
Available for Sale, Cost Basis, After 5 years but within 10 years	5,717
Available for Sale, Cost Basis, Over 10 years	97,436
Investment securities available for sale, Cost Basis	104,820	102,631
Available for Sale, Fair Value, After 1 year but within 5 years	1,615
Available for Sale, Fair Value, After 5 years but within 10 years	5,429
Available for Sale, Fair Value, Over 10 years	86,031
Available for Sale, Fair Value, Total	93,075	89,985
Held to Maturity, Cost Basis, Within 1 year	971
Held to Maturity, Cost Basis, After 5 years but within 10 years	1,322
Held to Maturity, Cost Basis, Over 10 years	21,929
Investment securities held to maturity, Cost Basis	24,222	18,877
Held to Maturity, Fair Value, Within 1 year	964
Held to Maturity, Fair Value, After 5 years but within 10 years	1,280
Held to Maturity, Fair Value, Over 10 years	19,969
Held to Maturity, Fair Value, Total	22,213	16,673
Corporate bonds.
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	5,012
Available for Sale, Cost Basis, After 1 year but within 5 years	29,020
Available for Sale, Cost Basis, After 5 years but within 10 years	27,322
Available for Sale, Cost Basis, Over 10 years	650
Investment securities available for sale, Cost Basis	62,004	63,152
Available for Sale, Fair Value, Within 1 year	4,940
Available for Sale, Fair Value, After 1 year but within 5 years	27,762
Available for Sale, Fair Value, After 5 years but within 10 years	23,759
Available for Sale, Fair Value, Over 10 years	476
Available for Sale, Fair Value, Total	$ 56,937	$ 59,952

INVESTMENT SECURITIES - Informa

INVESTMENT SECURITIES - Information concerning investments with unrealized losses (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	$ 13,005
Less than 12 months, Unrealized Losses	(123)
12 months or longer, Fair Value	131,618
12 months or longer, Unrealized Losses	(17,484)
Total, Fair Value	144,623
Total, Unrealized Losses	(17,607)
U.S. Agency
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
12 months or longer, Fair Value	5,339
12 months or longer, Unrealized Losses	(696)
Total, Fair Value	5,339
Total, Unrealized Losses	(696)
U.S. Agency mortgage-backed securities
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	4,120
Less than 12 months, Unrealized Losses	(20)
12 months or longer, Fair Value	73,511
12 months or longer, Unrealized Losses	(11,904)
Total, Fair Value	77,631
Total, Unrealized Losses	(11,924)
Municipal
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
12 months or longer, Fair Value	10,109
12 months or longer, Unrealized Losses	(800)
Total, Fair Value	10,109
Total, Unrealized Losses	(800)
Corporate bonds and other securities
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	8,885
Less than 12 months, Unrealized Losses	(103)
12 months or longer, Fair Value	42,659
12 months or longer, Unrealized Losses	(4,084)
Total, Fair Value	51,544
Total, Unrealized Losses	$ (4,187)

INVESTMENT SECURITIES - Allowan

INVESTMENT SECURITIES - Allowance for credit losses on held to maturity debt securities by major security type (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Schedule of Held-to-Maturity Securities [Line Items]
Provision (Credit)	$ (77,000)
Ending Balance	37,000
Impact of adopting ASU 2016-13
Schedule of Held-to-Maturity Securities [Line Items]
Beginning Balance	114,000
U.S. Agency
Schedule of Held-to-Maturity Securities [Line Items]
Ending Balance	0
U.S. Agency mortgage-backed securities
Schedule of Held-to-Maturity Securities [Line Items]
Ending Balance	0
Municipal
Schedule of Held-to-Maturity Securities [Line Items]
Provision (Credit)	(1,000)
Ending Balance	2,000
Municipal | Impact of adopting ASU 2016-13
Schedule of Held-to-Maturity Securities [Line Items]
Beginning Balance	3,000
Corporate bonds and other securities
Schedule of Held-to-Maturity Securities [Line Items]
Provision (Credit)	(76,000)
Ending Balance	35,000
Corporate bonds and other securities | Impact of adopting ASU 2016-13
Schedule of Held-to-Maturity Securities [Line Items]
Beginning Balance	$ 111,000

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized cost of held to maturity debt securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	$ 63,979	$ 61,878
AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	62,511
Unrated
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	1,468
U.S. Agency
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	2,500	2,500
U.S. Agency | AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	2,500
U.S. Agency mortgage-backed securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	24,222	18,877
U.S. Agency mortgage-backed securities | AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	24,222
Municipal
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	32,787	33,993
Municipal | AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	32,787
Corporate bonds and other securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	4,470	$ 6,508
Corporate bonds and other securities | AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	3,002
Corporate bonds and other securities | Unrated
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities - HTM, Carrying Value	$ 1,468

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional information (Details)	3 Months Ended								12 Months Ended
	Dec. 31, 2023 USD ($) item security	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) item security	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 01, 2023 USD ($)
INVESTMENT SECURITIES
Gross investment losses									$ 927,000	$ 5,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax									729,000		$ (66,000)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax									(193,000)		18,000
Investment Securities:
Held to maturity securities, fair value	$ 58,621,000				$ 55,192,000				58,621,000	55,192,000
Equity securities	499,000				502,000				499,000	502,000
Proceeds from sales of investment securities - available for sale									16,772,000	1,519,000	960,000
Book value of securities available for sale and held to maturity	135,624,000				134,002,000				135,624,000	134,002,000
Gross investment gains									5,000	5,000	84,000
Gross investment losses									$ 927,000	5,000
Premium percentage on mortgage backed securities purchased									100.80%
Consolidated investment securities portfolio modified, years									4 years 1 month 13 days
Realized gain on equity securities											36,000
Unrealized gain on equity securities											7,000
FV-Ni Realized gain loss									$ 0
Realized loss on equity securities										9,000
Unrealized loss on equity securities									0	13,000
Held to maturity, allowance for credit losses	37,000								37,000			$ 114,000
Accrued interest receivable on held to maturity debt securities	388,000								388,000
Held to maturity debt securities in non-accrual	0								0
Available for Sale Securities, allowance for credit losses	$ 926,000								$ 926,000
Number of available for sale debt securities in non accrual status | security	1								1
Available-for-Sale debt securities in non-accrual	$ 926,000								$ 926,000
Percentage of unrealized loss position for less than 12 months									0.90%
Percentage of unrealized loss position for greater than 12 months									11.70%
Assets	1,389,638,000				1,363,874,000				$ 1,389,638,000	1,363,874,000	1,335,560,000
Net income	(5,321,000)	$ 647,000	$ (187,000)	$ 1,515,000	947,000	$ 2,102,000	$ 1,981,000	$ 2,418,000	(3,346,000)	7,448,000	7,072,000
Unpaid interest									17,000
Signature Bank
Investment Securities:
Assets	110,400,000,000								110,400,000,000
Net income									1,300,000,000
U.S. Agency
Investment Securities:
Held to maturity securities, fair value	2,121,000				2,068,000				$ 2,121,000	2,068,000
Available For Sale Securities Debt Maturities Weighted Average Maturity Term									6 years 11 months 1 day
Weighted Average Expected Maturity For Held To Maturity Securities									6 years 8 months 19 days
Held to maturity, allowance for credit losses	$ 0								$ 0
Unrealized loss position for greater than 12 months, Number of positions | item	7								7
U.S. Agency mortgage-backed securities
Investment Securities:
Held to maturity securities, fair value	$ 22,213,000				16,673,000				$ 22,213,000	16,673,000
Available For Sale Securities Debt Maturities Weighted Average Maturity Term									7 years 5 months 15 days
Weighted Average Expected Maturity For Held To Maturity Securities									8 years 10 months 6 days
Held to maturity, allowance for credit losses	$ 0								$ 0
Unrealized loss position for less than 12 months, Number of positions | item	2								2
Unrealized loss position for greater than 12 months, Number of positions | item	137								137
Municipal
Investment Securities:
Held to maturity securities, fair value	$ 29,990,000				$ 30,115,000				$ 29,990,000	$ 30,115,000
Held to maturity, allowance for credit losses	$ 2,000								$ 2,000			3,000
Unrealized loss position for greater than 12 months, Number of positions | item	32								32
Corporate bonds.
Investment Securities:
Held to maturity, allowance for credit losses												$ 111,000
Available for Sale Securities, allowance for credit losses	$ 926,000								$ 926,000
Unrealized loss position for less than 12 months, Number of positions | item	10								10
Unrealized loss position for greater than 12 months, Number of positions | item	82								82
Israel Jubilee Bonds
Investment Securities:
Investment securities - HTM, Carrying Value	$ 2,000,000								$ 2,000,000
Held to maturity securities, fair value	1,900,000								1,900,000
Held to maturity securities	$ 2,000,000								$ 2,000,000
Held to maturity securities term									3 years
Corporate bonds.
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term									3 years 8 months 19 days
Weighted Average Expected Maturity For Held To Maturity Securities									3 years 4 months 9 days
Municipal
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term									3 years 18 days
Weighted Average Expected Maturity For Held To Maturity Securities									4 years 8 months 8 days
AAA/AA/A.
INVESTMENT SECURITIES
Portfolio rated	55.90%				52.50%				55.90%	52.50%
Securities rated below A
INVESTMENT SECURITIES
Portfolio rated	15.10%				14.70%				15.10%	14.70%
Deferred Compensation, Share-based Payments | Assets Held With Rabbi Trust
Investment Securities:
Equity securities	$ 499,000				$ 502,000				$ 499,000	$ 502,000	$ 526,000

LOANS - Loan Portfolio (Details

LOANS - Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	$ 1,038,271	$ 990,766
Loans, net of unearned income	1,038,271
Loans, net of unearned income		990,766
Other commercial and industrial
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	159,424
Commercial real estate (non-owner occupied) - multi-family
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	110,008
Other commercial real estate (non-owner occupied)
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	240,286
Loans, net of unearned income	240,286
Residential mortgage
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	174,670	297,971
Loans, net of unearned income	174,670
Loans, net of unearned income		297,971
Commercial
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	760,826
Loans, net of unearned income		679,322
Commercial | Paycheck Protection Program (PPP)
LOANS
Loans, net of unearned income		22
Commercial | Paycheck Protection Program (PPP)
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)		22
Commercial | Other commercial and industrial
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	159,424
Loans, net of unearned income	159,424
Commercial | Commercial real estate (non-owner occupied)
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)		450,744
Loans, net of unearned income		450,744
Commercial | Commercial real estate (non-owner occupied) - retail
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	161,961
Commercial | Commercial real estate (non-owner occupied) - multi-family
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	110,008
Commercial | Other commercial real estate (non-owner occupied)
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	240,286
Commercial | Commercial real estate (owner occupied)
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	89,147	75,158
Loans, net of unearned income	89,147
Loans, net of unearned income		75,158
Commercial | Commercial and industrial
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)		153,398
Loans, net of unearned income		153,398
Consumer.
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	277,445
Loans, net of unearned income		311,444
Consumer. | Commercial real estate (non-owner occupied) - retail
LOANS
Loans, net of unearned income	161,961
Consumer. | Commercial real estate (non-owner occupied) - multi-family
LOANS
Loans, net of unearned income	110,008
Consumer. | Residential mortgage
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	174,670
Loans, net of unearned income		297,971
Consumer. | Consumer
LOANS
Loans (net of unearned income $483 on December 31, 2023 and $343 on December 31, 2022)	102,775	13,473
Loans, net of unearned income	$ 102,775
Loans, net of unearned income		$ 13,473

LOANS - Additional information

LOANS - Additional information (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
LOANS
Accrued interest receivable	$ 4,200,000	$ 3,500,000
Real estate-construction loans, percentage	3.40%	4.70%
Loan balances net of unearned income	$ 483,000	$ 343,000
Loans, net of allowance for credit losses and unearned income, Carrying Value	$ 1,023,218,000	$ 980,023,000

LOANS - Summary of loan activit

LOANS - Summary of loan activity with related parties (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loan activity with related parties
BALANCE	$ 587,000	$ 601,000
ADDITIONS	602,000	206,000
REPAYMENTS	574,000	220,000
BALANCE	$ 615,000	$ 587,000

ALLOWANCE FOR CREDIT LOSSES -_3

ALLOWANCE FOR CREDIT LOSSES - LOANS - Allowance for credit losses by loan portfolio segment (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2023	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	$ 15,053,000	$ 15,053,000	$ 10,743,000	$ 12,398,000	$ 11,947,000	$ 11,345,000
Charge-Offs		(3,641,000)	(1,849,000)	(294,000)
Recoveries		184,000	144,000	247,000
Provision (Credit)		6,563,000	50,000	1,100,000
ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	1,200,000	1,200,000			1,200,000
Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	(1,204,000)	(1,204,000)
Other commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	3,030,000	3,030,000			2,908,000
Charge-Offs		(480,000)
Recoveries		3,000
Provision (Credit)		599,000
Other commercial and industrial | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	(2,908,000)	(2,908,000)
Other commercial real estate (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	3,428,000	3,428,000			3,196,000
Charge-Offs	(804,000)
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	1,021,000	1,021,000	1,380,000	1,590,000	1,025,000
Charge-Offs		(54,000)	(28,000)
Recoveries		14,000	19,000
Provision (Credit)		36,000	(201,000)
Residential mortgage | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	355,000	355,000
Allocation for general risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans			653,000	1,232,000		1,093,000
Charge-Offs		0
Provision (Credit)			(579,000)	139,000
Allocation for general risk | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	653,000	653,000
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-Offs		(3,312,000)
Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans			2,653,000	3,071,000		3,472,000
Charge-Offs			(97,000)	(146,000)
Recoveries			4,000	89,000
Provision (Credit)			(325,000)	(344,000)
Commercial | Commercial real estate (owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	1,529,000	1,529,000			1,380,000
Charge-Offs		0
Recoveries		24,000
Provision (Credit)		125,000
Commercial | Commercial real estate (owner occupied) | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	(1,380,000)	(1,380,000)
Commercial | Other commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	3,030,000	3,030,000
Charge-Offs	(405,000)	(480,000)
Commercial | Commercial real estate (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans			5,972,000	6,392,000		5,373,000
Charge-Offs			(1,390,000)
Recoveries			54,000	51,000
Provision (Credit)			916,000	968,000
Commercial | Commercial real estate (non-owner occupied) - retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	3,488,000	3,488,000			1,432,000
Charge-Offs		(2,028,000)
Provision (Credit)		4,084,000
Commercial | Commercial real estate (non-owner occupied) - retail | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	(1,432,000)	(1,432,000)
Commercial | Commercial real estate (non-owner occupied) - multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	1,430,000	1,430,000			1,226,000
Charge-Offs		0
Recoveries		6,000
Provision (Credit)		198,000
Commercial | Commercial real estate (non-owner occupied) - multi-family | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	(1,226,000)	(1,226,000)
Commercial | Other commercial real estate (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	3,428,000	3,428,000	5,972,000
Charge-Offs		(804,000)
Recoveries		14,000
Provision (Credit)		1,022,000
Commercial | Other commercial real estate (non-owner occupied) | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	2,776,000	2,776,000
Commercial | Commercial (owner occupied real estate and other)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans			2,653,000
Charge-Offs		0
Commercial | Commercial (owner occupied real estate and other) | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	2,653,000	2,653,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-Offs		(329,000)
Consumer | Commercial real estate (non-owner occupied) - retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	3,488,000	3,488,000
Consumer | Commercial real estate (non-owner occupied) - multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	1,430,000	1,430,000
Consumer | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans			1,380,000	1,590,000		1,292,000
Charge-Offs		(54,000)		(17,000)
Recoveries				49,000
Provision (Credit)				266,000
Consumer | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	1,127,000	1,127,000	85,000	113,000	$ 780,000	$ 115,000
Charge-Offs		(275,000)	(334,000)	(131,000)
Recoveries		123,000	67,000	58,000
Provision (Credit)		499,000	$ 239,000	$ 71,000
Consumer | Consumer | Impact of adopting ASU 2016-13 | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	$ (695,000)	$ (695,000)

ALLOWANCE FOR CREDIT LOSSES -_4

ALLOWANCE FOR CREDIT LOSSES - LOANS - Loan portfolio and allowance for credit losses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans:
Individually evaluated for impairment	$ 10,834		$ 3,575
Collectively evaluated for impairment	1,027,437		987,191
Total loans	1,038,271
Total loans			990,766
Allowance for loan losses:
Specific reserve allocation	414		523
General reserve allocation	14,639		10,220
Total allowance for loan losses	15,053	$ 11,947	10,743	$ 12,398	$ 11,345
Other commercial and industrial
Allowance for loan losses:
Total allowance for loan losses	3,030	2,908
Other commercial real estate (non-owner occupied)
Loans:
Individually evaluated for impairment	8,780
Collectively evaluated for impairment	231,506
Total loans	240,286
Allowance for loan losses:
Specific reserve allocation	0
General reserve allocation	3,428
Total allowance for loan losses	3,428	3,196
Residential mortgage
Loans:
Individually evaluated for impairment	173		0
Collectively evaluated for impairment	174,497		297,971
Total loans	174,670
Total loans			297,971
Allowance for loan losses:
Specific reserve allocation	0
General reserve allocation	1,021
Total allowance for loan losses	1,021	1,025	1,380	1,590
Allocation for general risk
Allowance for loan losses:
Specific reserve allocation			0
General reserve allocation			653
Total allowance for loan losses			653	1,232	1,093
Commercial
Loans:
Total loans			679,322
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
General reserve allocation			2,133
Total allowance for loan losses			2,653	3,071	3,472
Commercial | Commercial real estate (owner occupied)
Loans:
Individually evaluated for impairment	187
Collectively evaluated for impairment	88,960
Total loans	89,147
Total loans			75,158
Allowance for loan losses:
Specific reserve allocation	0
General reserve allocation	1,529
Total allowance for loan losses	1,529	1,380
Commercial | Other commercial and industrial
Loans:
Individually evaluated for impairment	1,694
Collectively evaluated for impairment	157,730
Total loans	159,424
Allowance for loan losses:
Specific reserve allocation	414
General reserve allocation	2,616
Total allowance for loan losses	3,030
Commercial | Commercial real estate (non-owner occupied)
Loans:
Individually evaluated for impairment			1,586
Collectively evaluated for impairment			449,158
Total loans			450,744
Allowance for loan losses:
Specific reserve allocation			3
General reserve allocation			5,969
Total allowance for loan losses			5,972	6,392	5,373
Commercial | Commercial real estate (non-owner occupied) - retail
Allowance for loan losses:
Total allowance for loan losses	3,488	1,432
Commercial | Commercial real estate (non-owner occupied) - multi-family
Allowance for loan losses:
Total allowance for loan losses	1,430	1,226
Commercial | Other commercial real estate (non-owner occupied)
Allowance for loan losses:
Total allowance for loan losses	3,428		5,972
Consumer
Loans:
Total loans			311,444
Consumer | Commercial real estate (non-owner occupied) - retail
Loans:
Individually evaluated for impairment	0
Collectively evaluated for impairment	161,961
Total loans	161,961
Allowance for loan losses:
Specific reserve allocation	0
General reserve allocation	3,488
Total allowance for loan losses	3,488
Consumer | Commercial real estate (non-owner occupied) - multi-family
Loans:
Individually evaluated for impairment	0
Collectively evaluated for impairment	110,008
Total loans	110,008
Allowance for loan losses:
Specific reserve allocation	0
General reserve allocation	1,430
Total allowance for loan losses	1,430
Consumer | Residential mortgage
Loans:
Total loans			297,971
Allowance for loan losses:
Specific reserve allocation			0
General reserve allocation			1,380
Total allowance for loan losses			1,380	1,590	1,292
Consumer | Consumer
Loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	102,775		13,473
Total loans	102,775
Total loans			13,473
Allowance for loan losses:
Specific reserve allocation	0		0
General reserve allocation	1,127		85
Total allowance for loan losses	$ 1,127	$ 780	$ 85	$ 113	$ 115

ALLOWANCE FOR CREDIT LOSSES -_5

ALLOWANCE FOR CREDIT LOSSES - LOANS - Amortized cost basis of collateral-dependent loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 1,038,271	$ 990,766
Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	9,140
Other commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	159,424
Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	110,008
Other commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	240,286
Other commercial real estate (non-owner occupied) | Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	8,780
Residential mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	174,670	297,971
Residential mortgage | Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	173
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	760,826
Commercial | Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	187
Commercial | Commercial real estate (owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	89,147	75,158
Commercial | Other commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	159,424
Commercial | Commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total		450,744
Commercial | Commercial real estate (non-owner occupied) - retail
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	161,961
Commercial | Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	110,008
Commercial | Other commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	240,286
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	277,445
Consumer | Residential mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	174,670
Consumer | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 102,775	$ 13,473

ALLOWANCE FOR CREDIT LOSSES -_6

ALLOWANCE FOR CREDIT LOSSES - LOANS - Non-Performing Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	$ 9,140
Non-accrual with ACL	3,027
Total non-accrual	12,167
Loans past due over 90 days still accruing	211
OREO and repossessed assets	15
Non-performing
Financing Receivable, Allowance for Credit Loss [Line Items]
OREO and repossessed assets		$ 5,200
Total non-performing assets	12,393	5,200
Other commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with ACL	1,694
Total non-accrual	1,694	1,989
Loans past due over 90 days still accruing	211
Other commercial and industrial | Non-performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	1,905
Commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-accrual		1,586
Other commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	8,780
Total non-accrual	8,780
Other commercial real estate (non-owner occupied) | Non-performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	8,780
Residential mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	173
Non-accrual with ACL	545
Total non-accrual	718	1,577
OREO and repossessed assets	15
Residential mortgage | Non-performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	733
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-accrual		9
Loans excluding Other real estate owned and repossessed assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-accrual		5,161
Other real estate owned and repossessed assets
Financing Receivable, Allowance for Credit Loss [Line Items]
OREO and repossessed assets		39
Other real estate owned and repossessed assets Residential Mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
OREO and repossessed assets		38
Other real estate owned and repossessed assets Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
OREO and repossessed assets		$ 1
Commercial | Commercial real estate (owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	187
Total non-accrual	187
Commercial | Commercial real estate (owner occupied) | Non-performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	187
Consumer | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with ACL	788
Total non-accrual	788
Consumer | Consumer | Non-performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	$ 788

ALLOWANCE FOR CREDIT LOSSES -_7

ALLOWANCE FOR CREDIT LOSSES - LOANS - Commercial and commercial real estate loan portfolios (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,038,271,000	$ 1,038,271,000	$ 990,766,000
Current period gross charge-offs, Total		3,641,000	1,849,000	$ 294,000
Loan portfolio			990,766,000
Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	159,424,000	159,424,000
Current period gross charge-offs, Total		480,000
Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
Total	110,008,000	110,008,000
Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	240,286,000	240,286,000
Current period gross charge-offs, Total	804,000
Residential mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	174,670,000	174,670,000	297,971,000
Current period gross charge-offs, Total		54,000	28,000
Loan portfolio			297,971,000
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	128,219,000	128,219,000
2022	120,075,000	120,075,000
2021	126,424,000	126,424,000
2020	70,567,000	70,567,000
2019	66,896,000	66,896,000
PRIOR	182,673,000	182,673,000
REVOLVING LOANS AMORTIZED COST BASIS	65,703,000	65,703,000
REVOLVING LOANS CONVERTED TO TERM	269,000	269,000
Total	760,826,000	760,826,000
Current period gross charge-offs, 2022		75,000
Current period gross charge-offs, 2019		804,000
Current period gross charge-offs, Prior		2,433,000
Current period gross charge-offs, Total		3,312,000
Loan portfolio			679,322,000
Commercial | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total			153,398,000
Loan portfolio			153,398,000
Commercial | Commercial and industrial.
Financing Receivable, Credit Quality Indicator [Line Items]
Loan portfolio			153,398,000
Commercial | Paycheck Protection Program (PPP)
Financing Receivable, Credit Quality Indicator [Line Items]
Total			22,000
Commercial | Commercial real estate (owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2023	17,801,000	17,801,000
2022	6,750,000	6,750,000
2021	15,531,000	15,531,000
2020	8,415,000	8,415,000
2019	12,574,000	12,574,000
PRIOR	26,802,000	26,802,000
REVOLVING LOANS AMORTIZED COST BASIS	1,274,000	1,274,000
Total	89,147,000	89,147,000	75,158,000
Current period gross charge-offs, Total		0
Loan portfolio			75,158,000
Commercial | Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	22,662,000	22,662,000
2022	35,435,000	35,435,000
2021	12,894,000	12,894,000
2020	5,831,000	5,831,000
2019	4,912,000	4,912,000
PRIOR	21,165,000	21,165,000
REVOLVING LOANS AMORTIZED COST BASIS	56,455,000	56,455,000
REVOLVING LOANS CONVERTED TO TERM	70,000	70,000
Total	159,424,000	159,424,000
Current period gross charge-offs, 2022		75,000
Current period gross charge-offs, Prior		405,000
Current period gross charge-offs, Total	405,000	480,000
Commercial | Commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
Total			450,744,000
Current period gross charge-offs, Total			1,390,000
Loan portfolio			450,744,000
Commercial | Commercial real estate (non-owner occupied) - retail
Financing Receivable, Credit Quality Indicator [Line Items]
2023	35,545,000	35,545,000
2022	23,682,000	23,682,000
2021	33,110,000	33,110,000
2020	23,146,000	23,146,000
2019	9,226,000	9,226,000
PRIOR	36,269,000	36,269,000
REVOLVING LOANS AMORTIZED COST BASIS	983,000	983,000
Total	161,961,000	161,961,000
Current period gross charge-offs, Prior		2,028,000
Current period gross charge-offs, Total		2,028,000
Commercial | Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2023	22,620,000	22,620,000
2022	16,767,000	16,767,000
2021	16,622,000	16,622,000
2020	13,007,000	13,007,000
2019	10,916,000	10,916,000
PRIOR	28,755,000	28,755,000
REVOLVING LOANS AMORTIZED COST BASIS	1,321,000	1,321,000
Total	110,008,000	110,008,000
Current period gross charge-offs, Total		0
Commercial | Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2023	29,591,000	29,591,000
2022	37,441,000	37,441,000
2021	48,267,000	48,267,000
2020	20,168,000	20,168,000
2019	29,268,000	29,268,000
PRIOR	69,682,000	69,682,000
REVOLVING LOANS AMORTIZED COST BASIS	5,670,000	5,670,000
REVOLVING LOANS CONVERTED TO TERM	199,000	199,000
Total	240,286,000	240,286,000
Current period gross charge-offs, 2019		804,000
Current period gross charge-offs, Total		804,000
Consumer.
Financing Receivable, Credit Quality Indicator [Line Items]
2023	28,481,000	28,481,000
2022	32,050,000	32,050,000
2021	70,954,000	70,954,000
2020	47,312,000	47,312,000
2019	8,303,000	8,303,000
PRIOR	40,956,000	40,956,000
REVOLVING LOANS AMORTIZED COST BASIS	48,501,000	48,501,000
REVOLVING LOANS CONVERTED TO TERM	888,000	888,000
Total	277,445,000	277,445,000
Current period gross charge-offs, 2023		9,000
Current period gross charge-offs, 2022		35,000
Current period gross charge-offs, 2021		43,000
Current period gross charge-offs, 2020		7,000
Current period gross charge-offs, 2019		8,000
Current period gross charge-offs, Prior		227,000
Current period gross charge-offs, Total		329,000
Loan portfolio			311,444,000
Consumer. | Residential mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023	14,576,000	14,576,000
2022	11,620,000	11,620,000
2021	61,172,000	61,172,000
2020	44,049,000	44,049,000
2019	7,092,000	7,092,000
PRIOR	36,161,000	36,161,000
Total	174,670,000	174,670,000
Current period gross charge-offs, Prior		54,000
Current period gross charge-offs, Total		54,000		17,000
Loan portfolio			297,971,000
Consumer. | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023	13,905,000	13,905,000
2022	20,430,000	20,430,000
2021	9,782,000	9,782,000
2020	3,263,000	3,263,000
2019	1,211,000	1,211,000
PRIOR	4,795,000	4,795,000
REVOLVING LOANS AMORTIZED COST BASIS	48,501,000	48,501,000
REVOLVING LOANS CONVERTED TO TERM	888,000	888,000
Total	102,775,000	102,775,000	13,473,000
Current period gross charge-offs, 2023		9,000
Current period gross charge-offs, 2022		35,000
Current period gross charge-offs, 2021		43,000
Current period gross charge-offs, 2020		7,000
Current period gross charge-offs, 2019		8,000
Current period gross charge-offs, Prior		173,000
Current period gross charge-offs, Total		275,000	334,000	$ 131,000
Loan portfolio			13,473,000
Pass | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	128,219,000	128,219,000
2022	118,099,000	118,099,000
2021	125,833,000	125,833,000
2020	69,601,000	69,601,000
2019	57,123,000	57,123,000
PRIOR	164,651,000	164,651,000
REVOLVING LOANS AMORTIZED COST BASIS	64,716,000	64,716,000
REVOLVING LOANS CONVERTED TO TERM	70,000	70,000
Total	728,312,000	728,312,000
Loan portfolio			646,056,000
Pass | Commercial | Commercial and industrial.
Financing Receivable, Credit Quality Indicator [Line Items]
Loan portfolio			148,361,000
Pass | Commercial | Commercial real estate (owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2023	17,801,000	17,801,000
2022	6,750,000	6,750,000
2021	15,067,000	15,067,000
2020	8,415,000	8,415,000
2019	10,322,000	10,322,000
PRIOR	26,538,000	26,538,000
REVOLVING LOANS AMORTIZED COST BASIS	351,000	351,000
Total	85,244,000	85,244,000
Loan portfolio			74,187,000
Pass | Commercial | Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	22,662,000	22,662,000
2022	34,816,000	34,816,000
2021	12,767,000	12,767,000
2020	5,831,000	5,831,000
2019	4,912,000	4,912,000
PRIOR	19,587,000	19,587,000
REVOLVING LOANS AMORTIZED COST BASIS	56,391,000	56,391,000
REVOLVING LOANS CONVERTED TO TERM	70,000	70,000
Total	157,036,000	157,036,000
Pass | Commercial | Commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
Loan portfolio			423,486,000
Pass | Commercial | Commercial real estate (non-owner occupied) - retail
Financing Receivable, Credit Quality Indicator [Line Items]
2023	35,545,000	35,545,000
2022	23,368,000	23,368,000
2021	33,110,000	33,110,000
2020	23,146,000	23,146,000
2019	9,226,000	9,226,000
PRIOR	35,102,000	35,102,000
REVOLVING LOANS AMORTIZED COST BASIS	983,000	983,000
Total	160,480,000	160,480,000
Pass | Commercial | Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2023	22,620,000	22,620,000
2022	16,767,000	16,767,000
2021	16,622,000	16,622,000
2020	12,041,000	12,041,000
2019	9,638,000	9,638,000
PRIOR	28,632,000	28,632,000
REVOLVING LOANS AMORTIZED COST BASIS	1,321,000	1,321,000
Total	107,641,000	107,641,000
Pass | Commercial | Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2023	29,591,000	29,591,000
2022	36,398,000	36,398,000
2021	48,267,000	48,267,000
2020	20,168,000	20,168,000
2019	23,025,000	23,025,000
PRIOR	54,792,000	54,792,000
REVOLVING LOANS AMORTIZED COST BASIS	5,670,000	5,670,000
Total	217,911,000	217,911,000
Special Mention | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2022	314,000	314,000
2021	591,000	591,000
2019	2,252,000	2,252,000
PRIOR	4,944,000	4,944,000
REVOLVING LOANS AMORTIZED COST BASIS	923,000	923,000
Total	9,024,000	9,024,000
Loan portfolio			11,015,000
Special Mention | Commercial | Commercial real estate (owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2021	464,000	464,000
2019	2,252,000	2,252,000
REVOLVING LOANS AMORTIZED COST BASIS	923,000	923,000
Total	3,639,000	3,639,000
Special Mention | Commercial | Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	127,000	127,000
Total	127,000	127,000
Special Mention | Commercial | Commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
Loan portfolio			11,015,000
Special Mention | Commercial | Commercial real estate (non-owner occupied) - retail
Financing Receivable, Credit Quality Indicator [Line Items]
2022	314,000	314,000
PRIOR	1,167,000	1,167,000
Total	1,481,000	1,481,000
Special Mention | Commercial | Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
PRIOR	3,777,000	3,777,000
Total	3,777,000	3,777,000
Substandard | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,662,000	1,662,000
2020	966,000	966,000
2019	7,521,000	7,521,000
PRIOR	13,078,000	13,078,000
REVOLVING LOANS AMORTIZED COST BASIS	64,000	64,000
REVOLVING LOANS CONVERTED TO TERM	199,000	199,000
Total	23,490,000	23,490,000
Loan portfolio			22,248,000
Substandard | Commercial | Commercial and industrial.
Financing Receivable, Credit Quality Indicator [Line Items]
Loan portfolio			5,037,000
Substandard | Commercial | Commercial real estate (owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
PRIOR	264,000	264,000
Total	264,000	264,000
Loan portfolio			971,000
Substandard | Commercial | Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2022	619,000	619,000
PRIOR	1,578,000	1,578,000
REVOLVING LOANS AMORTIZED COST BASIS	64,000	64,000
Total	2,261,000	2,261,000
Substandard | Commercial | Commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
Loan portfolio			16,240,000
Substandard | Commercial | Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2020	966,000	966,000
2019	1,278,000	1,278,000
PRIOR	123,000	123,000
Total	2,367,000	2,367,000
Substandard | Commercial | Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,043,000	1,043,000
2019	6,243,000	6,243,000
PRIOR	11,113,000	11,113,000
REVOLVING LOANS CONVERTED TO TERM	199,000	199,000
Total	$ 18,598,000	$ 18,598,000
Doubtful | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loan portfolio			3,000
Doubtful | Commercial | Commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
Loan portfolio			$ 3,000

ALLOWANCE FOR CREDIT LOSSES -_8

ALLOWANCE FOR CREDIT LOSSES - LOANS - Residential and consumer portfolio (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Performing and non-performing outstanding balances of the residential and consumer portfolios
Total	$ 1,038,271	$ 990,766
Current period gross charge-offs, Total	3,641	1,849	$ 294
Loan portfolio		990,766
Residential mortgage
Performing and non-performing outstanding balances of the residential and consumer portfolios
Total	174,670	297,971
Current period gross charge-offs, Total	54	28
Loan portfolio		297,971
Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	28,481
2022	32,050
2021	70,954
2020	47,312
2019	8,303
PRIOR	40,956
REVOLVING LOANS AMORTIZED COST BASIS	48,501
REVOLVING LOANS CONVERTED TO TERM	888
Total	277,445
Current period gross charge-offs, 2023	9
Current period gross charge-offs, 2022	35
Current period gross charge-offs, 2021	43
Current period gross charge-offs, 2020	7
Current period gross charge-offs, 2019	8
Current period gross charge-offs, Prior	227
Current period gross charge-offs, Total	329
Loan portfolio		311,444
Residential and Consumer | Residential mortgage
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	14,576
2022	11,620
2021	61,172
2020	44,049
2019	7,092
PRIOR	36,161
Total	174,670
Current period gross charge-offs, Prior	54
Current period gross charge-offs, Total	54		17
Loan portfolio		297,971
Residential and Consumer | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	13,905
2022	20,430
2021	9,782
2020	3,263
2019	1,211
PRIOR	4,795
REVOLVING LOANS AMORTIZED COST BASIS	48,501
REVOLVING LOANS CONVERTED TO TERM	888
Total	102,775	13,473
Current period gross charge-offs, 2023	9
Current period gross charge-offs, 2022	35
Current period gross charge-offs, 2021	43
Current period gross charge-offs, 2020	7
Current period gross charge-offs, 2019	8
Current period gross charge-offs, Prior	173
Current period gross charge-offs, Total	275	334	$ 131
Loan portfolio		13,473
Commercial
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	128,219
2022	120,075
2021	126,424
2020	70,567
2019	66,896
PRIOR	182,673
REVOLVING LOANS AMORTIZED COST BASIS	65,703
REVOLVING LOANS CONVERTED TO TERM	269
Total	760,826
Current period gross charge-offs, 2022	75
Current period gross charge-offs, 2019	804
Current period gross charge-offs, Prior	2,433
Current period gross charge-offs, Total	3,312
Loan portfolio		679,322
Performing | Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	28,466
2022	32,050
2021	70,954
2020	47,239
2019	8,261
PRIOR	39,958
REVOLVING LOANS AMORTIZED COST BASIS	48,344
REVOLVING LOANS CONVERTED TO TERM	667
Total	275,939
Loan portfolio		309,858
Performing | Residential and Consumer | Residential mortgage
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	14,576
2022	11,620
2021	61,172
2020	44,049
2019	7,092
PRIOR	35,443
Total	173,952
Loan portfolio		296,401
Performing | Residential and Consumer | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	13,890
2022	20,430
2021	9,782
2020	3,190
2019	1,169
PRIOR	4,515
REVOLVING LOANS AMORTIZED COST BASIS	48,344
REVOLVING LOANS CONVERTED TO TERM	667
Total	101,987
Loan portfolio		13,457
Non-performing | Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	15
2020	73
2019	42
PRIOR	998
REVOLVING LOANS AMORTIZED COST BASIS	157
REVOLVING LOANS CONVERTED TO TERM	221
Total	1,506
Loan portfolio		1,586
Non-performing | Residential and Consumer | Residential mortgage
Performing and non-performing outstanding balances of the residential and consumer portfolios
PRIOR	718
Total	718
Loan portfolio		1,570
Non-performing | Residential and Consumer | Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2023	15
2020	73
2019	42
PRIOR	280
REVOLVING LOANS AMORTIZED COST BASIS	157
REVOLVING LOANS CONVERTED TO TERM	221
Total	$ 788
Loan portfolio		$ 16

ALLOWANCE FOR CREDIT LOSSES -_9

ALLOWANCE FOR CREDIT LOSSES - LOANS - Aging categories of performing loans and non-accrual loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Loans, net of unearned income	$ 1,038,271
Total	1,038,271	$ 990,766
Total loans		990,766
Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	159,424
Commercial real estate (non-owner occupied) - multi-family
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	110,008
Other commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Loans, net of unearned income	240,286
Total	240,286
Residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Loans, net of unearned income	174,670
Total	174,670	297,971
Total loans		297,971
Financial Asset, Not Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	1,033,773
Total loans		983,185
Financial Asset, Not Past Due | Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	158,290
Financial Asset, Not Past Due | Other commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	239,243
Financial Asset, Not Past Due | Residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	173,647
Total loans		295,790
Financial Asset, Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	4,498
Total loans		7,581
Financial Asset, Past Due | Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	1,134
Financial Asset, Past Due | Other commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	1,043
Financial Asset, Past Due | Residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	1,023
Total loans		2,181
30-59 Days Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	1,704
Total loans		5,479
30-59 Days Past Due | Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	526
30-59 Days Past Due | Residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	437
Total loans		489
Financing Receivables 60To 89Days Past Due Member
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	63
Total loans		823
Financing Receivables 60To 89Days Past Due Member | Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	22
Financing Receivables 60To 89Days Past Due Member | Residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	18
Total loans		422
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
Total	2,731
Total loans		1,279
Financing Receivables Equal To Greater Than 90Days Past Due Member | Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	586
Financing Receivables Equal To Greater Than 90Days Past Due Member | Other commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	1,043
Financing Receivables Equal To Greater Than 90Days Past Due Member | Residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	568
Total loans		1,270
Commercial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	760,826
Total loans		679,322
Commercial | Commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total		153,398
Total loans		153,398
Commercial | Commercial real estate (owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Loans, net of unearned income	89,147
Total	89,147	75,158
Total loans		75,158
Commercial | Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Loans, net of unearned income	159,424
Total	159,424
Commercial | Commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total		450,744
Total loans		450,744
Commercial | Commercial real estate (non-owner occupied) - retail
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	161,961
Commercial | Commercial real estate (non-owner occupied) - multi-family
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	110,008
Commercial | Other commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	240,286
Commercial | Financial Asset, Not Past Due | Commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		152,314
Commercial | Financial Asset, Not Past Due | Commercial real estate (owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	88,960
Total loans		74,960
Commercial | Financial Asset, Not Past Due | Commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		446,809
Commercial | Financial Asset, Not Past Due | Commercial real estate (non-owner occupied) - retail
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	161,961
Commercial | Financial Asset, Not Past Due | Commercial real estate (non-owner occupied) - multi-family
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	110,008
Commercial | Financial Asset, Past Due | Commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		1,084
Commercial | Financial Asset, Past Due | Commercial real estate (owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	187
Total loans		198
Commercial | Financial Asset, Past Due | Commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		3,935
Commercial | 30-59 Days Past Due | Commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		797
Commercial | 30-59 Days Past Due | Commercial real estate (owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		198
Commercial | 30-59 Days Past Due | Commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		3,935
Commercial | Financing Receivables 60To 89Days Past Due Member | Commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		287
Commercial | Financing Receivables Equal To Greater Than 90Days Past Due Member | Commercial real estate (owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	187
Commercial | Paycheck Protection Program (PPP)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		22
Commercial | Paycheck Protection Program (PPP) | Financial Asset, Not Past Due
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		22
Commercial | Pass
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	728,312
Total loans		646,056
Commercial | Pass | Commercial real estate (owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	85,244
Total loans		74,187
Commercial | Pass | Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	157,036
Commercial | Pass | Commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		423,486
Commercial | Pass | Commercial real estate (non-owner occupied) - retail
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	160,480
Commercial | Pass | Commercial real estate (non-owner occupied) - multi-family
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	107,641
Commercial | Pass | Other commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	217,911
Commercial | Pass | Paycheck Protection Program (PPP)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loans		22
Consumer.
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	277,445
Total loans		311,444
Consumer. | Commercial real estate (non-owner occupied) - retail
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Loans, net of unearned income	161,961
Consumer. | Commercial real estate (non-owner occupied) - multi-family
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Loans, net of unearned income	110,008
Consumer. | Residential mortgage
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	174,670
Total loans		297,971
Consumer. | Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Loans, net of unearned income	102,775
Total	102,775	13,473
Total loans		13,473
Consumer. | Financial Asset, Not Past Due | Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	101,664
Total loans		13,290
Consumer. | Financial Asset, Past Due | Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	1,111
Total loans		183
Consumer. | 30-59 Days Past Due | Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	741
Total loans		60
Consumer. | Financing Receivables 60To 89Days Past Due Member | Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	23
Total loans		114
Consumer. | Financing Receivables Equal To Greater Than 90Days Past Due Member | Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total	$ 347
Total loans		$ 9

ALLOWANCE FOR CREDIT LOSSES _10

ALLOWANCE FOR CREDIT LOSSES - LOANS - Loan modifications to borrowers experiencing financial difficulty (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 1,038,271,000		$ 1,038,271,000	$ 990,766,000
Loans, net of unearned income	1,038,271,000		1,038,271,000
Current period gross charge-offs, Total			3,641,000	1,849,000	$ 294,000
Maturity date extensions
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis	37,000		37,000
Extended Maturity and Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis	6,243,000		6,243,000
Other commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 159,424,000		159,424,000
Current period gross charge-offs, Total			480,000
Residential mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Term extension date	15 years
Total	$ 174,670,000		174,670,000	297,971,000
Loans, net of unearned income	174,670,000		174,670,000
Current period gross charge-offs, Total			54,000	$ 28,000
Residential mortgage | Maturity date extensions
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis	$ 37,000		$ 37,000
Percentage of Total Class of Loans			0.02%
Other commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Term extension date	3 months
Deferred interest income, period		7 months
Deferred interest income		$ 303,000
Total	$ 240,286,000		$ 240,286,000
Loans, net of unearned income	240,286,000		240,286,000
Current period gross charge-offs, Total	804,000
Other commercial real estate (non-owner occupied) | Maturity date extensions
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis	$ 6,243,000		$ 6,243,000
Percentage of Total Class of Loans			2.60%

ALLOWANCE FOR CREDIT LOSSES _11

ALLOWANCE FOR CREDIT LOSSES - LOANS - Loan modified as a TDR (Details) - Loans in non-accrual status - Subsequent modification of a TDR $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan
Commercial and industrial
Schedule of TDRs
Number of loans | loan	1
Current Balance | $	$ 452
Concession Granted	Subsequent modification of a TDR - Extension of maturity date with a below market interest rate
Commercial real estate (non-owner occupied)
Schedule of TDRs
Number of loans | loan	1
Current Balance | $	$ 1,583
Concession Granted	Extension of maturity date with an interest only period at below market interest rate

ALLOWANCE FOR CREDIT LOSSES _12

ALLOWANCE FOR CREDIT LOSSES - LOANS - Additional information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)									$ 6,563,000	$ 50,000	$ 1,100,000
Provision for credit losses	$ 6,018,000	$ 189,000	$ 43,000	$ 1,179,000	$ 275,000	$ 500,000	$ (325,000)	$ (400,000)	7,429,000	50,000	1,100,000
Net loan charge-offs									$ 3,500,000	$ 1,700,000
Percentage of charge-offs									0.35%	0.17%
Percentage Of Allowance For Total Loans	1.45%				1.08%				1.45%	1.08%
Evaluated for impairment	$ 150,000								$ 150,000
Percentage of coverage on non-performing assets	121%				207%				121%	207%
Percentage of general reserve	49%
Percentage of quantitative reserve	51%
Non-performing assets	$ 12,167,000								$ 12,167,000
Current period gross charge-offs, Total									3,641,000	$ 1,849,000	294,000
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other assets	15,000				$ 38,000				15,000	38,000
Residential Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans in process of foreclosure, amount	332,000								332,000
Non-performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-performing assets	12,393,000				5,200,000				12,393,000	5,200,000
Other commercial real estate (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-performing assets	8,780,000								8,780,000
Current period gross charge-offs, Total	804,000
Other commercial real estate (non-owner occupied) | Non-performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-performing assets	8,780,000								8,780,000
Commercial real estate (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-performing assets					1,586,000					1,586,000
Commercial real estate (non-owner occupied) | COVID 19
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses										916,000	968,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-performing assets					9,000					9,000
Consumer and Residential Mortgage Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum aggregate balances for commercial loan relationship under structure loan rating process.	250,000								250,000
Other commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)									599,000
Non-performing assets	1,694,000				$ 1,989,000				1,694,000	1,989,000
Current period gross charge-offs, Total									480,000
Other commercial and industrial | Non-performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-performing assets	1,905,000								1,905,000
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	2,000,000								2,000,000
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	250,000								250,000
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	250,000								250,000
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	100,000								100,000
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current period gross charge-offs, Total									3,312,000
Commercial | COVID 19
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses										325,000	(344,000)
Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)										(325,000)	(344,000)
Minimum aggregate balances for commercial loan relationship under structure loan rating process	1,000,000								1,000,000
Current period gross charge-offs, Total										97,000	146,000
Commercial | Commercial real estate (non-owner occupied) - retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)									4,084,000
Net loan charge-offs									2,000,000
Current period gross charge-offs, Total									2,028,000
Commercial | Other commercial real estate (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)									1,022,000
Net loan charge-offs									804,000
Current period gross charge-offs, Total									$ 804,000
Commercial | Commercial real estate (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)										916,000	968,000
Current period gross charge-offs, Total										1,390,000
Commercial | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum percent of portfolio to be reviewed									25%
Minimum aggregate balances for commercial loan relationship under structure loan rating process.	1,000,000								$ 1,000,000
Commercial | Other commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current period gross charge-offs, Total	405,000								480,000
Consumer.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current period gross charge-offs, Total									329,000
Consumer. | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Credit)									499,000	239,000	71,000
Non-performing assets	788,000								788,000
Current period gross charge-offs, Total									275,000	$ 334,000	$ 131,000
Consumer. | Consumer | Non-performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-performing assets	$ 788,000								$ 788,000

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Premises and Equipment
Total at cost	$ 41,303	$ 40,934
Less: Accumulated depreciation and amortization	27,154	26,474
Premises and equipment, net	14,149	14,460
Land
Premises and Equipment
Total at cost	1,225	1,225
Premises
Premises and Equipment
Total at cost	30,624	30,079
Furniture and equipment
Premises and Equipment
Total at cost	8,258	8,428
Leasehold Improvements
Premises and Equipment
Total at cost	$ 1,196	$ 1,202

PREMISES AND EQUIPMENT - Additi

PREMISES AND EQUIPMENT - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Premises and Equipment
Depreciation and amortization expense	$ 1,700,000	$ 1,700,000	$ 1,700,000
Director | Director
Premises and Equipment
Expense paid to related party	$ 293,000	$ 200,000	$ 241,000

LEASE COMMITMENTS - Lease Cost

LEASE COMMITMENTS - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
LEASE COMMITMENTS
Amortization of right-of-use asset	$ 277	$ 271	$ 272
Interest expense	97	100	106
Operating lease cost	92	106	116
Total lease cost	$ 466	$ 477	$ 494

LEASE COMMITMENTS - Leases outs

LEASE COMMITMENTS - Leases outstanding (Details)	Dec. 31, 2023	Dec. 31, 2022
LEASE COMMITMENTS
Operating Lease, Weighted-average remaining term (years)	8 years 4 months 24 days	10 years
Financing Lease, Weighted-average remaining term (years)	13 years 10 months 24 days	15 years 1 month 6 days
Operating Lease, Weighted-average discount rate	3.75%	3.54%
Financing Lease, Weighted-average discount rate	3.77%	3.62%

LEASE COMMITMENTS - Operating a

LEASE COMMITMENTS - Operating and financing leases - (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
LEASE COMMITMENTS
2024	$ 116	$ 85
2025	105	85
2026	93	75
2027	69	69
2028	69	69
Thereafter	312	382
Total undiscounted cash flows	764	765
Discount on cash flows	(106)	(122)
Total lease liabilities	658	643
2024	311	309
2025	311	249
2026	247	248
2027	232	181
2028	200	181
Thereafter	2,215	2,397
Total undiscounted cash flows	3,516	3,565
Discount on cash flows	(816)	(885)
Total lease liabilities	$ 2,700	$ 2,680

LEASE COMMITMENTS - Additional

LEASE COMMITMENTS - Additional information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Description Of Accounting Treatment For Short Term Operating Lease	As of December 31, 2023, the Company had no short-term leases compared to one short-term lease for an office location as of December 31, 2022.
Net occupancy expense	$ 2,917,000	$ 2,883,000	$ 2,620,000
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, 2023	Dec. 31, 2022
Demand:
Non-interest bearing deposits	$ 172,070	$ 195,123
Interest bearing	288,124	236,746
Savings	119,484	135,796
Money market	256,205	254,868
Time deposits	322,477	286,004
Total deposits	$ 1,158,360	$ 1,108,537

DEPOSITS - Maturity of time dep

DEPOSITS - Maturity of time deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
TIME DEPOSITS OF $100,000 OR MORE
2024	$ 259,657
2025	40,810
2026	5,395
2027	5,814
2028	3,754
2029 and after	7,047
Total	$ 322,477	$ 286,004

DEPOSITS - Additional informati

DEPOSITS - Additional information (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
DEPOSITS.
Time deposits meet or exceed the FDIC insurance limit	$ 81,800,000	$ 74,000,000
Related party deposits	$ 3,813,000	$ 3,135,000

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SHORT-TERM BORROWINGS
Balance	$ 40,951	$ 88,641
Short-Term Borrowings
SHORT-TERM BORROWINGS
Balance		0
Average balance during year	$ 46	$ 113
Average rate paid for the year	6.04%	3.11%
Short-Term Borrowings
SHORT-TERM BORROWINGS
Balance	$ 40,951	$ 88,641
Maximum balance at any month end	75,442	88,641
Average balance during year	$ 35,709	$ 9,155
Average rate paid for the year	5.44%	3.93%
Interest rate on year-end balance	5.68%	4.45%

ADVANCES FROM FEDERAL HOME LO_3

ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
WEIGHTED AVERAGE YIELD
2023/2024	3.23%	1.59%
2024/2025	4.43%	1.19%
2025/2026	4.29%
2026/2027	4.33%
2027/2028	4.50%
Total advances from FHLB	4.17%	1.50%
BALANCE
2023/2024	$ 7,947	$ 15,568
2024/2025	2,000	4,197
2025/2026	12,920
2026/2027	10,950
2027/2028	10,745
Total advances from FHLB	$ 44,562	$ 19,765

ADVANCES FROM FEDERAL HOME LO_4

ADVANCES FROM FEDERAL HOME LOAN BANK AND SUBORDINATED DEBT (Details) - USD ($) $ in Thousands				1 Months Ended	3 Months Ended	12 Months Ended
	Aug. 26, 2021	Dec. 29, 2015	Apr. 28, 1998	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds							$ 294,000
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							26,685	$ 26,644
Federal Reserve Bank [Member]
Availability Of Short term Borrowings Federal Reserve							40,000
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							$ 26,700	$ 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, 2023	Dec. 31, 2022
Disclosures about Fair Value Measurements and Financial Instruments
Equity securities	$ 499	$ 502
Available for Sale, Fair Value, Total	165,711	179,508
Interest rate swap asset	$ 4,582	$ 6,992
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Interest rate hedge	$ (446)
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Interest rate swap liability	$ (4,665)	$ (6,872)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Risk participation agreement	$ (410)
U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	5,339	$ 10,533
U.S. Agency mortgage-backed securities
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	93,075	89,985
Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	10,360	19,038
Corporate bonds.
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	56,937	59,952
Level 1
Disclosures about Fair Value Measurements and Financial Instruments
Equity securities	499	502
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, Fair Value, Total	0
Level 1 | Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	0
Level 1 | Corporate bonds.
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	0
Level 2
Disclosures about Fair Value Measurements and Financial Instruments
Interest rate swap asset	4,582	6,992
Interest rate hedge	(446)
Interest rate swap liability	(4,665)	(6,872)
Risk participation agreement	(410)
Level 2 | U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	5,339	10,533
Level 2 | U.S. Agency mortgage-backed securities
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	93,075	89,985
Level 2 | Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	10,360	19,038
Level 2 | Corporate bonds.
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	56,937	$ 59,952
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, Fair Value, Total	0
Level 3 | Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	0
Level 3 | Corporate bonds.
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value, Total	$ 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) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Disclosures about Fair Value Measurements and Financial Instruments
Individually evaluated loans with carrying value	$ 0	$ 1,600
Specific valuation allowance		3
Individually evaluated loans		$ 1,600
Other real estate owned and repossessed assets	15
Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Loan Held-for-Sale, Valuation Technique [Extensible Enumeration]		asrv:AppraisalOfCollateralMember
Loan Held-for-Sale, Measurement Input [Extensible Enumeration]		us-gaap:MeasurementInputAppraisedValueMember
Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Other Real Estate Owned, Valuation Technique [Extensible Enumeration]		asrv:AppraisalOfCollateralMember
Other Real Estate Owned, Measurement Input [Extensible Enumeration]		us-gaap:MeasurementInputAppraisedValueMember, Measurement Input, Liquidation expenses [Member]
Fair Value Measurements, Nonrecurring Basis
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans		$ 1,583
Other real estate owned and repossessed assets	15	39
Fair Value Measurements, Nonrecurring Basis | Level 1
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans		0
Other real estate owned and repossessed assets	0	0
Fair Value Measurements, Nonrecurring Basis | Level 2
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans		0
Other real estate owned and repossessed assets	0	0
Fair Value Measurements, Nonrecurring Basis | Level 3
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans		1,583
Other real estate owned and repossessed assets	15	39
Fair Value Measurements, Nonrecurring Basis | Level 3 | Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans		1,583
Fair Value Measurements, Nonrecurring Basis | Level 3 | Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Impaired loans	$ 15	$ 39
Other real estate owned and repossessed assets, Measurement Input	0.63	0.52
Fair Value Measurements, Nonrecurring Basis | Level 3 | Other real estate owned and repossessed assets | Measurement Input, Liquidation expenses [Member]
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets, Measurement Input	0.33
Fair Value Measurements, Nonrecurring Basis | Level 3 | Minimum | Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Loan, Measurement Input		0
Fair Value Measurements, Nonrecurring Basis | Level 3 | Minimum | Other real estate owned and repossessed assets | Measurement Input, Liquidation expenses [Member]
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets, Measurement Input		0.10
Fair Value Measurements, Nonrecurring Basis | Level 3 | Maximum | Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Loan, Measurement Input		1
Fair Value Measurements, Nonrecurring Basis | Level 3 | Maximum | Other real estate owned and repossessed assets | Measurement Input, Liquidation expenses [Member]
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets, Measurement Input		0.39
Fair Value Measurements, Nonrecurring Basis | Level 3 | Wgtd Ave | Impaired loans
Disclosures about Fair Value Measurements and Financial Instruments
Loan, Measurement Input		0.002
Fair Value Measurements, Nonrecurring Basis | Level 3 | Wgtd Ave | Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets, Measurement Input	0.63	0.52
Fair Value Measurements, Nonrecurring Basis | Level 3 | Wgtd Ave | Other real estate owned and repossessed assets | Measurement Input, Liquidation expenses [Member]
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets, Measurement Input		0.11
Fair Value Measurements, Nonrecurring Basis | Level 3 | Wgtd Ave | Other real estate owned and repossessed assets | Measurement Input, Liquidation expenses [Member]
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets, Measurement Input	0.33

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, 2023	Dec. 31, 2022
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Carrying Value	$ 63,979	$ 61,878
Loans held for sale, Carrying Value	130	59
Loans, net of allowance for credit losses and unearned income, Carrying Value	1,023,218	980,023
Investment securities - HTM, Fair Value	58,621	55,192
Loans held for sale, Fair Value	132	57
Loans, net of allowance for credit losses and unearned income, Fair Value	950,402	938,188
FINANCIAL LIABILITIES: Carrying Value
Deposits with stated maturities, Carrying Value	322,477	286,004
All other borrowings, Carrying Value	71,247	46,409
Deposits with stated maturities, Fair Value	321,660	281,297
All other borrowings, Fair Value	$ 70,061	44,759
Assets and liabilities considered financial instruments, percentage	90%
Level 1
FINANCIAL ASSETS: Carrying Value
Loans held for sale, Fair Value	$ 132	57
Level 2
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	56,769	52,323
Level 3
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	1,852	2,869
Loans, net of allowance for credit losses and unearned income, Fair Value	950,402	938,188
FINANCIAL LIABILITIES: Carrying Value
Deposits with stated maturities, Fair Value	321,660	281,297
All other borrowings, Fair Value	$ 70,061	$ 44,759

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INCOME TAXES
Current									$ (477)	$ 1,220	$ 973
Deferred									(565)	533	729
Income tax expense (benefit)	$ (1,477)	$ 124	$ (61)	$ 372	$ 126	$ 526	$ 496	$ 605	$ (1,042)	$ 1,753	$ 1,702

INCOME TAXES - Reconciliation (

INCOME TAXES - Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
AMOUNT
Income tax expense (benefit) based on federal statutory rate									$ (921)	$ 1,932	$ 1,843
Tax exempt income									(237)	(244)	(253)
Other									116	65	112
Income tax expense (benefit)	$ (1,477)	$ 124	$ (61)	$ 372	$ 126	$ 526	$ 496	$ 605	$ (1,042)	$ 1,753	$ 1,702
RATE
Income tax expense (benefit) based on federal statutory rate									21%	21%	21%
Tax exempt income									(5.40%)	2.60%	2.90%
Other									(2.70%)	0.70%	1.30%
Total expense for income taxes									23.70%	19.10%	19.40%

INCOME TAXES - Deferred tax ass

INCOME TAXES - Deferred tax assets and liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
DEFERRED TAX ASSETS:
Allowance for credit losses - loans	$ 3,161,000	$ 2,256,000
Allowance for credit losses -securities	202,000
Allowance for credit losses - unfunded commitments	197,000	157,000
Unrealized investment security losses	3,650,000	3,971,000
Premises and equipment	678,000	955,000
Lease liabilities	705,000	698,000
Interest rate hedges	94,000
Other	169,000	185,000
Total tax assets	8,856,000	8,222,000
DEFERRED TAX LIABILITIES:
Investment accretion	(95,000)	(107,000)
Lease right-of-use assets	(636,000)	(639,000)
Accrued pension obligation	(5,193,000)	(4,494,000)
Other	(253,000)	(193,000)
Total tax liabilities	(6,177,000)	(5,433,000)
Net deferred tax asset	2,679,000	2,789,000
Valuation Allowance	0	$ 0
Unrecognized tax benefits	$ 0

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, 2023	Dec. 31, 2022	Dec. 31, 2021
CHANGE IN BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$ 34,906	$ 50,287
Service cost	1,071	1,419	$ 1,708
Interest cost	1,761	1,462	894
Actuarial loss (gain)	82	(9,787)
Settlements		(7,541)
Benefits paid	(3,001)	(934)
Benefit obligation at end of year	34,819	34,906	50,287
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year	56,257	70,432
Actual return on plan assets	6,079	(9,700)
Employer contributions		4,000
Settlements		(7,541)
Benefits paid	(3,001)	(934)
Fair value of plan assets at end of year	59,335	56,257	$ 70,432
Funded status of the plan	$ 24,516	$ 21,351

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, 2023	Dec. 31, 2022
Amounts recognized in accumulated other comprehensive loss consists of:
Net actuarial loss	$ 7,626	$ 9,597
Total	$ 7,626	$ 9,597

EMPLOYEE BENEFIT PLANS - Accumu

EMPLOYEE BENEFIT PLANS - Accumulated benefit obligation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Pension Items
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 32,137	$ 32,190

EMPLOYEE BENEFIT PLANS - Weight

EMPLOYEE BENEFIT PLANS - Weighted-average assumptions used to determine benefit obligations (Details)	Dec. 31, 2023	Dec. 31, 2022
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate	5.12%	5.45%
Ages 25-34
WEIGHTED AVERAGE ASSUMPTIONS:
Salary scale	5%	5%
Ages 35-44
WEIGHTED AVERAGE ASSUMPTIONS:
Salary scale	4%	4%
Ages 45-54
WEIGHTED AVERAGE ASSUMPTIONS:
Salary scale	3%	3%
Ages 55+
WEIGHTED AVERAGE ASSUMPTIONS:
Salary scale	2.50%	2.50%

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Components of net periodic benefit cost
Service cost	$ 1,071	$ 1,419	$ 1,708
Interest cost	1,761	1,462	894
Expected return on plan assets	(4,063)	(4,193)	(4,008)
Amortization of net loss	37	1,330	2,421
Settlement charge	0	2,498	1,736
Net periodic pension (benefit) cost	$ (1,194)	$ 2,516	$ 2,751

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, 2023	Dec. 31, 2022	Dec. 31, 2021
OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS
Net (gain) loss	$ (1,934)	$ 4,106	$ (7,153)
Recognized loss	(37)	(3,828)	(4,157)
Total recognized in other comprehensive loss before tax effect	(1,971)	278	(11,310)
Total recognized in net benefit cost and other comprehensive loss before tax effect	$ (3,165)	$ 2,794	$ (8,559)

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, 2023	Dec. 31, 2022	Dec. 31, 2021
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate	5.45%	2.81%	2.48%
Expected return on plan assets	7%	7%	7%
Ages 25-34
WEIGHTED AVERAGE ASSUMPTIONS:
Rate of compensation increase	5%	2.50%	2.50%
Ages 35-44
WEIGHTED AVERAGE ASSUMPTIONS:
Rate of compensation increase	4%	2.50%	2.50%
Ages 45-54
WEIGHTED AVERAGE ASSUMPTIONS:
Rate of compensation increase	3%	2.50%	2.50%
Ages 55+
WEIGHTED AVERAGE ASSUMPTIONS:
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, 2023	Dec. 31, 2022
ASSET CATEGORY:
Asset allocations	100%	100%
Cash and Cash Equivalents
ASSET CATEGORY:
Asset allocations	2.40%	89.90%
Domestic securities
ASSET CATEGORY:
Asset allocations	3.40%	7.10%
Mutual funds/ETFs
ASSET CATEGORY:
Asset allocations	94.20%	0%
Corporate bonds
ASSET CATEGORY:
Asset allocations	0%	3%

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	$ 59,335	$ 56,257	$ 70,432
Cash and Cash Equivalents | Level 1
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	1,419	50,553
Domestic equities. | Level 1
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	2,007	4,026
Mutual funds/ETFs | Level 1
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	$ 55,909
Corporate bonds | Level 2
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount		$ 1,678

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) Y	Dec. 31, 2022 USD ($)	Dec. 31, 2021 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	0.49%
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	$ 900,000	$ 808,000	$ 704,000
Defined Contribution Plan assets in common stocks	$ 409,000
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	$ 23,000	15,000	$ 44,000
Other liabilities.
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation liability	$ 499,000	502,000
Domestic securities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	0%
Domestic 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	$ 2,000,000
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%
Employer contributions		$ 4,000,000
Expected return on plan assets	7%	7%	7%
Defined benefit plan percent of assets comprised of entity common stock	3.40%
Defined Benefit Pension Items | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, expected future employer contributions, next fiscal year	$ 0
Defined Benefit Pension Items | Other assets.
Defined Benefit Plan Disclosure [Line Items]
Assets for pension benefits	24,700,000	$ 21,300,000
401(k) PLAN | Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Plan assets of the company's common stock	$ 409,000

EMPLOYEE BENEFIT PLANS - Estima

EMPLOYEE BENEFIT PLANS - Estimated future benefit payments (Details) - Defined Benefit Pension Items $ in Thousands	Dec. 31, 2023 USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2024	$ 4,874
2025	4,470
2026	4,651
2027	3,860
2028	3,220
Years 2029-2033	$ 12,630

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Off-Balance-Sheet, credit loss liabilities	$ 940,000	$ 923,000	$ 746,000
Provision for credit losses on unfunded commitments	17,000
Commitments to extend credit
Loss Contingencies [Line Items]
Amount of commitment	236,600,000		227,600,000
Standby letters of Credit
Loss Contingencies [Line Items]
Amount of commitment	8,200,000		9,000,000
Standby letters of credit	$ 5,700,000		$ 5,600,000
Standby letters of Credit | Minimum
Loss Contingencies [Line Items]
Term of commitment	1 year
Standby letters of Credit | Maximum
Loss Contingencies [Line Items]
Term of commitment	5 years

STOCK COMPENSATION PLANS (Detai

STOCK COMPENSATION PLANS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SHARES
Outstanding at beginning of year	323,786	369,047	230,913
Granted	0	0	160,000
Exercised	(29,653)	(36,117)	(21,356)
Forfeited	(49,133)	(9,144)	(510)
Outstanding at end of year	245,000	323,786	369,047
Exercisable at end of year	200,002	223,784	206,713
WEIGHTED AVERAGE EXERCISE PRICE
Outstanding at beginning of year	$ 3.52	$ 3.47	$ 3.14
Granted			3.84
Exercised	3.19	2.96	2.68
Forfeited	3.17	3.62	3.23
Outstanding at end of year	3.64	3.52	3.47
Exercisable at end of year	$ 3.59	$ 3.38	3.18
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
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Expected lives in years	10 years
Minimum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Risk-free interest rate	1.27%
Expected volatility	40.38%
Expected dividend rate	2.60%
Maximum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Risk-free interest rate	1.42%
Expected volatility	45.03%
Expected dividend rate	2.61%

STOCK COMPENSATION PLANS - Addi

STOCK COMPENSATION PLANS - Additional information (Details) - USD ($)	12 Months Ended			24 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2020
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Stock based compensation	$ 45,000	$ 50,000	$ 43,000
Number of Shares Authorized			600,000
Purchase Price of Common Stock, Percent			100%
Expiration Period			10 years
Award Vesting Period			3 years
Options Outstanding	245,000	323,786	369,047	245,000	230,913
Grants in Period	0	0	160,000
Intrinsic Value	$ 24,000	$ 47,000	$ 27,000
Restricted stock
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Restricted stocks granted				0
Range One
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Exercisable Options	200,002			200,002
Exercise Price Range, Lower Range Limit	$ 2.96
Exercise Price Range, Upper Range Limit	4.22
Weighted Average Exercise Price	$ 3.59			$ 3.59
Weighted Average Remaining Contractual Term	4 years 5 months 12 days
Range Two
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of not yet exercisable options	44,998			44,998
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	7 years 1 month 20 days

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (22,520)	$ (6,512)	$ (13,198)
Other comprehensive income (loss) before reclassifications	2,149	(19,032)	3,468
Amounts reclassified from accumulated other comprehensive loss	395	3,024	3,218
Net current period other comprehensive income (loss)	2,544	(16,008)	6,686
Ending balance	(19,976)	(22,520)	(6,512)
Net Unrealized Gains and Losses on Investment Securities AFS
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(14,938)	1,386	3,539
Other comprehensive income (loss) before reclassifications	479	(16,324)	(2,087)
Amounts reclassified from accumulated other comprehensive loss	729		(66)
Net current period other comprehensive income (loss)	1,208	(16,324)	(2,153)
Ending balance	(13,730)	(14,938)	1,386
Interest Rate Hedge
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications	11
Amounts reclassified from accumulated other comprehensive loss	(363)
Net current period other comprehensive income (loss)	(352)
Ending balance	(352)
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(7,582)	(7,898)	(16,737)
Other comprehensive income (loss) before reclassifications	1,659	(2,708)	5,555
Amounts reclassified from accumulated other comprehensive loss	29	3,024	3,284
Net current period other comprehensive income (loss)	1,688	316	8,839
Ending balance	$ (5,894)	$ (7,582)	$ (7,898)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS - Reclassification of component (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Realized (gains) losses on sale of securities
Net realized gains (losses) on investment securities									$ 922,000		$ (84,000)
Provision (benefit) for income taxes									(193,000)		18,000
Interest expense	$ 7,379,000	$ 6,640,000	$ 5,769,000	$ 5,052,000	$ 3,660,000	$ 2,171,000	$ 1,403,000	$ 1,261,000	24,840,000	$ 8,495,000	7,586,000
Other expense									2,769,000	5,299,000	5,435,000
Provision (benefit) for income taxes	(1,477,000)	124,000	(61,000)	372,000	126,000	526,000	496,000	605,000	(1,042,000)	1,753,000	1,702,000
Net Income (Loss)	$ (5,321,000)	$ 647,000	$ (187,000)	$ 1,515,000	$ 947,000	$ 2,102,000	$ 1,981,000	$ 2,418,000	(3,346,000)	7,448,000	7,072,000
Reclassification out of Accumulated Other Comprehensive Income
Realized (gains) losses on sale of securities
Net realized gains (losses) on investment securities									922,000		(84,000)
Provision (benefit) for income taxes									(193,000)		18,000
Net of tax									729,000		(66,000)
Net Income (Loss)									395,000	3,024,000	3,218,000
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Reclassification out of Accumulated Other Comprehensive Income
Realized (gains) losses on sale of securities
Interest expense									(460,000)
Provision (benefit) for income taxes									97,000
Net Income (Loss)									(363,000)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent | Reclassification out of Accumulated Other Comprehensive Income
Realized (gains) losses on sale of securities
Other expense									(37,000)	(3,828,000)	(4,157,000)
Provision (benefit) for income taxes									(8,000)	(804,000)	(873,000)
Net Income (Loss)									$ 29,000	$ 3,024,000	$ 3,284,000

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill
Goodwill, Impairment Loss	$ 0	$ 0
Goodwill	13,611,000	13,611,000
West Chester Capital Advisors
Goodwill
Goodwill	2,400,000
Riverview Bank
Goodwill
Core deposit intangible			$ 177,000
Accumulated amortization on core deposit intangible	76,000	$ 49,000
Retail Banking
Goodwill
Goodwill	13,600,000
Community Banking
Goodwill
Goodwill	$ 11,200,000

INTANGIBLE ASSETS - Amortizatio

INTANGIBLE ASSETS - Amortization of intangible (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Roll Forward]
Finite-Lived Intangible Assets, Net, Beginning Balance	$ 128
Amortization	27	$ 30	$ 19
Finite-Lived Intangible Assets, Net, Ending Balance	101	128
Riverview Bank
Finite-Lived Intangible Assets [Roll Forward]
Finite-Lived Intangible Assets, Net, Beginning Balance	128	158
Amortization	(27)	(30)
Finite-Lived Intangible Assets, Net, Ending Balance	$ 101	$ 128	$ 158

INTANGIBLE ASSETS - Future Amor

INTANGIBLE ASSETS - Future Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity
Finite-Lived Intangible Assets, Net, Total	$ 101	$ 128
Riverview Bank
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity
2024	24
2025	21
2026	17
2027	14
2028	11
After five years	14
Finite-Lived Intangible Assets, Net, Total	$ 101	$ 128	$ 158

DERIVATIVE HEDGING INSTRUMENT_2

DERIVATIVE HEDGING INSTRUMENTS (Details) - Swap - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Derivative Financial Instruments, Liabilities
Derivative, Swap Type	N/A	N/A
Derivative Liability, Notional Amount	$ (76,502)	$ (65,431)
Weighted Average Rate Received (Paid)	(7.45%)	(4.23%)
Repricing frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ (2,099,000)	$ (21,000)
Derivative Financial Instruments, Assets
Derivative, Swap Type	N/A	N/A
Derivative Asset, Notional Amount	$ 76,502	$ 65,431
Weighted Average Rate Received (Paid)	7.45%	4.23%
Repricing frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ 2,099,000	$ 21,000

DERIVATIVE HEDGING INSTRUMENT_3

DERIVATIVE HEDGING INSTRUMENTS - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Proceeds from Fees Received	$ 295,000	$ 8,000	$ 191,000
Maximum amount outstanding	500,000,000
Interest Rate Swap | Risk Participation Agreement
Proceeds from Fees Received	52,000
Notional amount	$ 6,800,000	$ 2,100,000
Interest Rate Hedge
Number of interest rate swaps | item	3
Notional amount	$ 70,000,000
Amount reclassified as decrease to interest expense	$ 785,000
Derivative term	3 years

DERIVATIVE HEDGING INSTRUMENT_4

DERIVATIVE HEDGING INSTRUMENTS - Cash Flow Hedge (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Interest rate hedge
Derivative Instruments, Gain (Loss)
Amount Reclassified from Accumulated Other Comprehensive Loss	$ 460,000
Designated as Hedging Instrument
Derivative Instruments, Gain (Loss)
Amount Recognized in Other Comprehensive Loss on Derivative	(446,000)
Amount Reclassified from Accumulated Other Comprehensive Loss	(460,000)
Designated as Hedging Instrument | Interest rate hedge
Derivative Instruments, Gain (Loss)
Amount Recognized in Other Comprehensive Loss on Derivative	$ (446,000)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Deposits
Amount Reclassified from Accumulated Other Comprehensive Loss	$ (460,000)

SEGMENT RESULTS (Details)

SEGMENT RESULTS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Contribution of segments to the consolidated results of operations
Net interest income (expense)	$ 8,589	$ 8,799	$ 9,110	$ 9,522	$ 10,143	$ 10,529	$ 10,124	$ 9,767	$ 36,020	$ 40,563	$ 39,083
Provision for credit losses	6,018	189	43	1,179	275	500	(325)	(400)	7,429	50	1,100
Non-interest income	2,764	4,256	3,862	5,507	3,893	4,326	4,138	4,335	16,389	16,692	17,761
Non-interest expense	12,133	12,095	13,177	11,963	12,688	11,727	12,110	11,479	49,368	48,004	46,970
Income (loss) before income taxes	(6,798)	771	(248)	1,887	1,073	2,628	2,477	3,023	(4,388)	9,201	8,774
Income tax expense (benefit)	(1,477)	124	(61)	372	126	526	496	605	(1,042)	1,753	1,702
Net income (loss)	(5,321)	$ 647	$ (187)	$ 1,515	947	$ 2,102	$ 1,981	$ 2,418	(3,346)	7,448	7,072
Total assets	1,389,638				1,363,874				1,389,638	1,363,874	1,335,560
Community Banking
Contribution of segments to the consolidated results of operations
Net interest income (expense)									50,843	46,135	45,934
Provision for credit losses									6,580	50	1,100
Non-interest income									4,409	5,174	5,649
Non-interest expense									34,749	36,216	35,636
Income (loss) before income taxes									13,923	15,043	14,847
Income tax expense (benefit)									2,389	2,638	2,797
Net income (loss)									11,534	12,405	12,050
Total assets	1,151,720				1,114,923				1,151,720	1,114,923	1,111,856
Wealth Management
Contribution of segments to the consolidated results of operations
Net interest income (expense)									11	65	72
Provision for credit losses											0
Non-interest income									11,270	11,620	11,986
Non-interest expense									9,506	8,834	8,349
Income (loss) before income taxes									1,775	2,851	3,709
Income tax expense (benefit)									452	688	841
Net income (loss)									1,323	2,163	2,868
Total assets	11,173				10,867				11,173	10,867	10,822
Investment/Parent
Contribution of segments to the consolidated results of operations
Net interest income (expense)									(14,834)	(5,637)	(6,923)
Provision for credit losses									849		0
Non-interest income									710	(102)	126
Non-interest expense									5,113	2,954	2,985
Income (loss) before income taxes									(20,086)	(8,693)	(9,782)
Income tax expense (benefit)									(3,883)	(1,573)	(1,936)
Net income (loss)									(16,203)	(7,120)	(7,846)
Total assets	$ 226,745				$ 238,084				$ 226,745	$ 238,084	$ 212,882

REGULATORY CAPITAL (Details)

REGULATORY CAPITAL (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount	$ 135,196	$ 136,767
Tier 1 Common Equity (To RWA), Actual Amount	120,874	125,278
Tier 1 Capital (To RWA), Actual Amount	120,874	125,278
Tier 1 Capital (To Average Assets), Actual Amount	$ 120,874	$ 125,278
Total Capital (To RWA), Actual Ratio	0.1182	0.1244
Tier 1 Common Equity (To RWA), Actual Ratio	0.1057	0.1139
Tier 1 Capital (To RWA), Actual Ratio	0.1057	0.1139
Tier 1 Capital (To Average Assets), Actual Ratio	0.0878	0.0939
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	4.50%	4.50%
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	6.50%	6.50%
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	$ 149,596	$ 153,092
Tier 1 Common Equity (To RWA), Actual Amount	108,541	114,959
Tier 1 Capital (To RWA), Actual Amount	108,541	114,959
Tier 1 Capital (To Average Assets), Actual Amount	$ 108,541	$ 114,959
Total Capital (To RWA), Actual Ratio	0.1303	0.1387
Tier 1 Common Equity (To RWA), Actual Ratio	0.0946	0.1041
Tier 1 Capital (To RWA), Actual Ratio	0.0946	0.1041
Tier 1 Capital (To Average Assets), Actual Ratio	0.0780	0.0852

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION - BALANCE SHEETS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash	$ 9,678	$ 18,830
Cash and cash equivalents	14,027	22,962
Investment securities available for sale	165,711	179,508
Other assets	36,579	33,835
TOTAL ASSETS	1,389,638	1,363,874	$ 1,335,560
LIABILITIES
Subordinated debt	26,685	26,644
Other liabilities	13,445	10,786
TOTAL LIABILITIES	1,287,361	1,257,696
SHAREHOLDERS' EQUITY
Total shareholders' equity	102,277	106,178	$ 116,549
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,389,638	1,363,874
Parent Company
ASSETS
Cash	100	100
Short-term investments	3,553	3,178
Cash and cash equivalents	3,653	3,278
Investment securities available for sale	4,532	6,334
Other assets	1,163	1,008
TOTAL ASSETS	130,754	134,585
LIABILITIES
Subordinated debt	26,685	26,644
Other liabilities	1,792	1,763
TOTAL LIABILITIES	28,477	28,407
SHAREHOLDERS' EQUITY
Total shareholders' equity	102,277	106,178
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	130,754	134,585
Parent Company | Banking subsidiary
ASSETS
Equity investment	115,322	117,432
Parent Company | Non banking subsidiaries
ASSETS
Equity investment	$ 6,084	$ 6,533

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION - STATEMENTS OF OPERATIONS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INCOME
Interest, dividend and other income	$ 15,968	$ 15,439	$ 14,879	$ 14,574	$ 13,803	$ 12,700	$ 11,527	$ 11,028	$ 60,860	$ 49,058	$ 46,669
EXPENSE
Interest expense	7,379	6,640	5,769	5,052	3,660	2,171	1,403	1,261	24,840	8,495	7,586
Salaries and employee benefits									29,628	28,492	27,847
Other expense									2,769	5,299	5,435
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES	(6,798)	771	(248)	1,887	1,073	2,628	2,477	3,023	(4,388)	9,201	8,774
Benefit for income taxes	(1,477)	124	(61)	372	126	526	496	605	(1,042)	1,753	1,702
NET INCOME (LOSS)	$ (5,321)	$ 647	$ (187)	$ 1,515	$ 947	$ 2,102	$ 1,981	$ 2,418	(3,346)	7,448	7,072
COMPREHENSIVE INCOME (LOSS)									(802)	(8,560)	13,758
Parent Company
INCOME
Interest, dividend and other income									221	146	115
TOTAL INCOME									7,573	7,767	6,185
EXPENSE
Interest expense									1,054	1,054	1,798
Salaries and employee benefits									2,816	2,811	2,871
Other expense									4,362	1,948	1,783
TOTAL EXPENSE									8,232	5,813	6,452
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES									(659)	1,954	(267)
Benefit for income taxes									(1,115)	(652)	(802)
Equity in undistributed earnings of subsidiaries									(3,802)	4,842	6,537
NET INCOME (LOSS)									(3,346)	7,448	7,072
COMPREHENSIVE INCOME (LOSS)									(802)	(8,560)	13,758
Parent Company | Affiliated Entity
INCOME
TOTAL INCOME									2,702	2,566	2,520
Parent Company | Banking subsidiary
INCOME
Dividends from subsidiaries									3,000	4,000	2,000
Parent Company | Non banking subsidiaries
INCOME
Dividends from subsidiaries									$ 1,650	$ 1,055	$ 1,550

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, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net income (loss)		$ (5,321)	$ 647	$ (187)	$ 1,515	$ 947	$ 2,102	$ 1,981	$ 2,418	$ (3,346)	$ 7,448	$ 7,072
Adjustment to reconcile net income (loss) to net cash provided by operating activities:
Stock compensation expense										45	50	43
Other - net										(1,339)	(3,398)	(4,379)
INVESTING ACTIVITIES
Purchase of investment securities - available for sale										(21,255)	(58,207)	(61,578)
Proceeds from maturity and sales of investment securities - available for sale										17,973	19,638	38,826
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										94	106	57
Common stock dividends paid										(2,058)	(1,967)	(1,708)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS										(8,935)	(18,139)	9,597
CASH AND CASH EQUIVALENTS AT JANUARY 1					22,962				41,101	22,962	41,101	31,504
CASH AND CASH EQUIVALENTS AT DECEMBER 31		14,027				22,962				14,027	22,962	41,101
Parent Company
OPERATING ACTIVITIES
Net income (loss)										(3,346)	7,448	7,072
Adjustment to reconcile net income (loss) to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries										3,802	(4,842)	(6,537)
Stock compensation expense										45	50	43
Other - net										(53)	189	1,204
NET CASH PROVIDED BY OPERATING ACTIVITIES										448	2,845	1,782
INVESTING ACTIVITIES
Purchase of investment securities - available for sale											(3,994)	(1,008)
Proceeds from maturity and sales of investment securities - available for sale										1,891	655	991
Capital contribution to banking subsidiary												(3,500)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES										1,891	(3,339)	(3,517)
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										94	106	57
Purchases of treasury stock										0	0	0
Common stock dividends paid										(2,058)	(1,967)	(1,708)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES										(1,964)	(1,861)	5,270
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS										375	(2,355)	3,535
CASH AND CASH EQUIVALENTS AT JANUARY 1					$ 3,278				$ 5,633	3,278	5,633	2,098
CASH AND CASH EQUIVALENTS AT DECEMBER 31		$ 3,653				$ 3,278				$ 3,653	$ 3,278	$ 5,633

PARENT COMPANY FINANCIAL INFO_6

PARENT COMPANY FINANCIAL INFORMATION - Additional information (Details)	Dec. 31, 2023 USD ($)
PARENT COMPANY FINANCIAL INFORMATION
Dividend Payments Restrictions Schedule, Statutory Capital and Surplus	$ 124,585,000

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, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited)
Interest income	$ 15,968	$ 15,439	$ 14,879	$ 14,574	$ 13,803	$ 12,700	$ 11,527	$ 11,028	$ 60,860	$ 49,058	$ 46,669
Interest expense	7,379	6,640	5,769	5,052	3,660	2,171	1,403	1,261	24,840	8,495	7,586
Net interest income	8,589	8,799	9,110	9,522	10,143	10,529	10,124	9,767	36,020	40,563	39,083
Provision for credit losses	6,018	189	43	1,179	275	500	(325)	(400)	7,429	50	1,100
Net interest income after provision (credit) for loan losses	2,571	8,610	9,067	8,343	9,868	10,029	10,449	10,167	28,591	40,513	37,983
Non-interest income (loss)	2,764	4,256	3,862	5,507	3,893	4,326	4,138	4,335	16,389	16,692	17,761
Non-interest expense	12,133	12,095	13,177	11,963	12,688	11,727	12,110	11,479	49,368	48,004	46,970
Income before income taxes	(6,798)	771	(248)	1,887	1,073	2,628	2,477	3,023	(4,388)	9,201	8,774
Provision (benefit) for income taxes	(1,477)	124	(61)	372	126	526	496	605	(1,042)	1,753	1,702
Net income (loss)	$ (5,321)	$ 647	$ (187)	$ 1,515	$ 947	$ 2,102	$ 1,981	$ 2,418	$ (3,346)	$ 7,448	$ 7,072
Basic earnings per common share	$ (0.31)	$ 0.04	$ (0.01)	$ 0.09	$ 0.06	$ 0.12	$ 0.12	$ 0.14	$ (0.20)	$ 0.44	$ 0.41
Diluted earnings per common share	(0.31)	0.04	(0.01)	0.09	0.06	0.12	0.12	0.14	(0.20)	0.43	0.41
Cash dividends declared per common share	$ 0.030	$ 0.030	$ 0.030	$ 0.030	$ 0.030	$ 0.030	$ 0.030	$ 0.025	$ 0.120	$ 0.115	$ 0.100

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ (5,321)	$ 647	$ (187)	$ 1,515	$ 947	$ 2,102	$ 1,981	$ 2,418	$ (3,346)	$ 7,448	$ 7,072

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false