AmeriServ Financial (ASRV) 10-Q12 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Securities Act 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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,519,267
Entity Central Index Key	0000707605
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from depository institutions	$ 17,239	$ 9,678
Interest bearing deposits and short-term investments	4,877	4,349
Cash and cash equivalents	22,116	14,027
Investment securities, net of allowance for credit losses:
Available for sale, at fair value (allowance for credit losses $360 on September 30, 2024 and $926 on December 31, 2023)	164,591	165,711
Held to maturity (fair value $61,890 on September 30, 2024 and $58,621 on December 31, 2023; allowance for credit losses $88 on September 30, 2024 and $37 on December 31, 2023)	65,451	63,979
Loans held for sale	783	130
Loans (net of unearned income $496 on September 30, 2024 and $483 on December 31, 2023)	1,039,638	1,038,271
Less: Allowance for credit losses	14,420	15,053
Net loans	1,025,218	1,023,218
Premises and equipment:
Operating lease right-of-use asset	1,595	646
Financing lease right-of-use asset	2,388	2,384
Other premises and equipment, net	14,921	14,149
Accrued interest income receivable	5,827	5,529
Intangible assets:
Goodwill	13,611	13,611
Core deposit intangible	82	101
Bank owned life insurance	39,787	39,560
Net deferred tax asset	1,203	2,679
Federal Home Loan Bank stock	4,402	5,210
Federal Reserve Bank stock	2,125	2,125
Other real estate owned and repossessed assets	1,850	15
Other assets	39,237	36,564
TOTAL ASSETS	1,405,187	1,389,638
LIABILITIES
Non-interest bearing deposits	171,578	172,070
Interest bearing deposits	1,017,752	986,290
Total deposits	1,189,330	1,158,360
Short-term borrowings	11,760	40,951
Advances from Federal Home Loan Bank	54,552	44,562
Operating lease liabilities	1,615	658
Financing lease liabilities	2,735	2,700
Subordinated debt	26,716	26,685
Total borrowed funds	97,378	115,556
Other liabilities	10,297	13,445
TOTAL LIABILITIES	1,297,005	1,287,361
SHAREHOLDERS' EQUITY
Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,776,089 shares issued and 16,519,267 shares outstanding on September 30, 2024 and 26,776,089 shares issued and 17,147,270 shares outstanding on December 31, 2023	268	268
Treasury stock at cost, 10,256,822 shares on September 30, 2024 and 9,628,819 shares on December 31, 2023	(84,791)	(83,280)
Capital surplus	146,372	146,364
Retained earnings	60,089	58,901
Accumulated other comprehensive loss, net	(13,756)	(19,976)
TOTAL SHAREHOLDERS' EQUITY	108,182	102,277
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,405,187	$ 1,389,638

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CONSOLIDATED BALANCE SHEETS
Allowance for credit losses	$ 360	$ 926
Held to maturity securities, fair value	61,890	58,621
Held to maturity, allowance for credit losses	88	37
Unearned income	$ 496	$ 483
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	26,776,089
Common stock, shares outstanding	16,519,267	17,147,270
Treasury stock, shares	10,256,822	9,628,819

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
INTEREST INCOME
Interest and fees on loans	$ 14,301	$ 13,154	$ 42,080	$ 38,039
Interest bearing deposits and short-term investments	55	56	183	186
Investment securities:
Available for sale	1,765	1,745	5,465	5,237
Held to maturity	587	484	1,714	1,430
Total Interest Income	16,708	15,439	49,442	44,892
INTEREST EXPENSE
Deposits	6,515	5,653	19,103	14,861
Short-term borrowings	417	512	1,308	1,341
Advances from Federal Home Loan Bank	600	188	1,652	398
Financing lease liabilities	26	24	81	72
Subordinated debt	263	263	789	789
Total Interest Expense	7,821	6,640	22,933	17,461
Net Interest Income	8,887	8,799	26,509	27,431
(Recovery) provision for credit losses	(51)	189	(174)	1,411
Net Interest Income after (Recovery) Provision for Credit Losses	8,938	8,610	26,683	26,020
NON-INTEREST INCOME
Non-interest income	3,879	3,710	11,811	10,780
Net gains on loans held for sale	55	59	124	123
Mortgage related fees	30	41	107	108
Gain on sale of Visa Class B shares				1,748
Bank owned life insurance	244	321	821	802
Other income	520	679	2,205	1,615
Total Non-Interest Income	4,203	4,256	13,522	13,625
NON-INTEREST EXPENSE
Salaries and employee benefits	7,122	7,358	21,347	22,261
Net occupancy expense	706	719	2,227	2,204
Equipment expense	371	376	1,148	1,213
Professional fees	792	1,146	3,888	4,361
Data processing and IT expense	1,287	1,139	3,588	3,297
Supplies, postage and freight	163	144	474	487
Miscellaneous taxes and insurance	339	321	999	983
Federal deposit insurance expense	255	195	760	495
Other expense	686	697	2,451	1,934
Total Non-Interest Expense	11,721	12,095	36,882	37,235
PRETAX INCOME	1,420	771	3,323	2,410
Provision for income taxes	237	124	611	435
NET INCOME	$ 1,183	$ 647	$ 2,712	$ 1,975
Basic:
Net income (in dollars per share)	$ 0.07	$ 0.04	$ 0.16	$ 0.12
Average number of shares outstanding (in shares)	16,519	17,147	16,897	17,142
Diluted:
Net income (in dollars per share)	$ 0.07	$ 0.04	$ 0.16	$ 0.12
Average number of shares outstanding (in shares)	16,519	17,147	16,897	17,146
Wealth management fees
NON-INTEREST INCOME
Non-interest income	$ 3,050	$ 2,845	$ 9,375	$ 8,372
Service charges on deposit accounts
NON-INTEREST INCOME
Non-interest income	$ 304	$ 311	$ 890	$ 857

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
COMPREHENSIVE INCOME (LOSS)
Net income	$ 1,183	$ 647	$ 2,712	$ 1,975
Other comprehensive income (loss)
Pension obligation change for defined benefit plan	953		3,543
Income tax effect	(200)		(744)
Unrealized holding gains (losses) on available for sale securities arising during period	5,021	(3,418)	4,565	(6,091)
Income tax effect	(1,055)	718	(959)	1,280
Fair value change for interest rate hedge	(917)	561	369	1,013
Income tax effect	193	(118)	(77)	(215)
Reclassification adjustment for reduction of interest expense related to interest rate hedge	(205)	(161)	(604)	(280)
Income tax effect	43	34	127	59
Other comprehensive income (loss)	3,833	(2,384)	6,220	(4,234)
COMPREHENSIVE INCOME (LOSS)	$ 5,016	$ (1,737)	$ 8,932	$ (2,259)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Accumulated Other Comprehensive Loss, Net	Total
Balance at beginning of period at Dec. 31, 2022	$ 267	$ (83,280)	$ 146,225		$ 65,486	$ (22,520)
New common shares issued for exercise of stock options (29,653 shares for the nine months ended September 30, 2023)	1		94
Stock option expense			35
Net income					1,975		$ 1,975
Cash dividend declared on common stock ($0.03 per share for the three months ended September 30, 2024 and 2023 and $0.09 per share for the nine months ended September 30, 2024 and 2023)					(1,542)
Other comprehensive income (loss)						(4,234)	(4,234)
Balance at end of period at Sep. 30, 2023	268	(83,280)	146,354	$ (1,181)	64,738	(26,754)	101,326
Balance at beginning of period at Jun. 30, 2023	268	(83,280)	146,343		64,604	(24,370)
Stock option expense			11
Net income					647		647
Cash dividend declared on common stock ($0.03 per share for the three months ended September 30, 2024 and 2023 and $0.09 per share for the nine months ended September 30, 2024 and 2023)					(513)
Other comprehensive income (loss)						(2,384)	(2,384)
Balance at end of period at Sep. 30, 2023	268	(83,280)	146,354	$ (1,181)	64,738	(26,754)	101,326
Balance at beginning of period at Dec. 31, 2023	268	(83,280)	146,364		58,901	(19,976)	102,277
Treasury stock purchased (628,003 shares for the nine months ended September 30, 2024)		(1,511)
Stock option expense			8
Net income					2,712		2,712
Cash dividend declared on common stock ($0.03 per share for the three months ended September 30, 2024 and 2023 and $0.09 per share for the nine months ended September 30, 2024 and 2023)					(1,524)
Other comprehensive income (loss)						6,220	6,220
Balance at end of period at Sep. 30, 2024	268	(84,791)	146,372		60,089	(13,756)	108,182
Balance at beginning of period at Jun. 30, 2024	268	(84,791)	146,372		59,401	(17,589)
Net income					1,183		1,183
Cash dividend declared on common stock ($0.03 per share for the three months ended September 30, 2024 and 2023 and $0.09 per share for the nine months ended September 30, 2024 and 2023)					(495)
Other comprehensive income (loss)						3,833	3,833
Balance at end of period at Sep. 30, 2024	$ 268	$ (84,791)	$ 146,372		$ 60,089	$ (13,756)	$ 108,182

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash dividends declared (in $ per share)	$ 0.03	$ 0.03	$ 0.09	$ 0.09
Common Stock
New common shares issued for exercise of stock options, shares				29,653
Treasury Stock
Treasury stock, purchased at cost, shares			628,003
Additional Paid-in Capital
New common shares issued for exercise of stock options, shares				29,653

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net income	$ 2,712	$ 1,975
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
(Recovery) provision for credit losses	(174)	1,411
Depreciation and amortization expense	1,506	1,543
Amortization expense of core deposit intangible	19	21
Amortization of fair value adjustment on acquired time deposits	(7)	(29)
Net amortization of investment securities	53	43
Net amortization of deferred loan fees	(90)	(83)
Net gains on loans held for sale	(124)	(123)
Origination of mortgage loans held for sale	(8,672)	(6,441)
Sales of mortgage loans held for sale	8,143	6,623
Increase in accrued interest receivable	(298)	(846)
(Decrease) increase in accrued interest payable	(828)	2,069
Earnings on bank-owned life insurance	(821)	(802)
Deferred income taxes	(177)	(166)
Stock compensation expense	8	35
Net change in operating leases	(126)	(48)
Other, net	(1,809)	(4)
Net cash (used in) provided by operating activities	(685)	5,178
INVESTING ACTIVITIES
Purchase of investment securities - available for sale	(9,884)	(11,771)
Purchase of investment securities - held to maturity	(5,446)	(2,943)
Proceeds from maturities of investment securities - available for sale	14,695	15,216
Proceeds from maturities of investment securities - held to maturity	3,885	4,457
Proceeds from sales of investment securities - available for sale	935	0
Purchase of regulatory stock	(10,127)	(15,747)
Proceeds from redemption of regulatory stock	10,935	16,579
Long-term loans originated	(129,028)	(140,065)
Principal collected on long-term loans	125,333	128,421
Purchases of premises and equipment	(1,949)	(1,010)
Proceeds from sale of other real estate owned and repossessed assets	95	39
Proceeds from life insurance policies	711	387
Net cash provided by (used in) investing activities	155	(6,437)
FINANCING ACTIVITIES
Net increase in deposit balances	30,977	20,782
Net decrease in other short-term borrowings	(29,191)	(25,190)
Principal borrowings on advances from Federal Home Loan Bank	25,160	17,920
Principal repayments on advances from Federal Home Loan Bank	(15,170)	(15,568)
Principal payments on financing lease liabilities	(122)	(171)
Stock options exercised		94
Purchases of treasury stock	(1,511)
Common stock dividend paid	(1,524)	(1,542)
Net cash provided by (used in) financing activities	8,619	(3,675)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	8,089	(4,934)
CASH AND CASH EQUIVALENTS AT JANUARY 1	14,027	22,962
CASH AND CASH EQUIVALENTS AT SEPTEMBER 30	$ 22,116	$ 18,028

Principles of Consolidation

Principles of Consolidation	9 Months Ended
Principles of Consolidation	Sep. 30, 2024
Principles of Consolidation
Principles of Consolidation	1. Principles of Consolidation The accompanying consolidated financial statements include the accounts of AmeriServ Financial, Inc. (the Company) and its wholly-owned subsidiaries, AmeriServ Financial Bank (the Bank) and AmeriServ Trust and Financial Services Company (the Trust Company). The Bank is a Pennsylvania state-chartered full-service bank with 15 locations in Pennsylvania and 1 location in Maryland. The Trust Company offers a complete range of trust and financial services and administers assets valued at $2.6 billion and $2.5 billion that are not reported on the Company’s Consolidated Balance Sheets at September 30, 2024 and December 31, 2023, respectively. Effective October 1, 2024, the Trust Company merged with and into the Bank. See Note 17 Subsequent Events for more information. 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).

Basis of Preparation

Basis of Preparation	9 Months Ended
Basis of Preparation	Sep. 30, 2024
Basis of Preparation
Basis of Preparation	2. Basis of Preparation The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information. In the opinion of management, all adjustments consisting of normal recurring entries considered necessary for a fair presentation have been included. They are not, however, necessarily indicative of the results of consolidated operations for a full-year. For further information, refer to the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 30, 2024
Revenue Recognition
Revenue Recognition	3. Revenue Recognition Accounting Standards Codification Topic 606, Revenue from Contracts with Customers , requires the Company to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers at the time the transfer of goods or services takes place. Management determined that the primary sources of revenue associated with financial instruments, including interest and fee income on loans and interest on investments, along with certain non-interest revenue sources including net realized gains (losses) on investment securities, mortgage related fees, net gains on loans held for sale, and bank owned life insurance are not within the scope of Topic 606. These sources of revenue cumulatively comprise 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 September 30, 2024 and is included in other assets on the Consolidated Balance Sheets in order to properly recognize the revenue earned but not yet received. Other performance obligations (such as delivery of account statements to customers) are generally considered immaterial to the overall transactions’ price. Commissions on transactions are recognized on a trade-date basis as the performance obligation is satisfied at the point in time in which the trade is processed. Also included within wealth management fees are commissions from the sale of mutual funds, annuities, and life insurance products. Commissions on the sale of mutual funds, annuities, and life insurance products are recognized when sold, which is when the Company has satisfied its performance obligation. ● Service charges on deposit accounts - The Company has contracts with its deposit account customers where fees are charged for certain items or services. Service charges include account analysis fees, monthly service fees, overdraft fees, and other deposit account related fees. Revenue related to account analysis fees and service fees is recognized on a monthly basis as the Company has an unconditional right to the fee consideration. Fees attributable to specific performance obligations of the Company (i.e. overdraft fees, etc.) are recognized at a defined point in time based on completion of the requested service or transaction. ● Other non-interest income - Other non-interest income consists of other recurring revenue streams such as safe deposit box rental fees, gain (loss) on sale of other real estate owned, ATM and VISA debit card fees, and other miscellaneous revenue streams. Safe deposit box rental fees are charged to the customer on an annual basis and recognized when billed. However, if the safe deposit box rental fee is prepaid (i.e. paid prior to issuance of annual bill), the revenue is recognized upon receipt of payment. The Company has determined that since rentals and renewals occur consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Gains and losses on the sale of other real estate owned are recognized at the completion of the property sale when the buyer obtains control of the real estate and all the performance obligations of the Company have been satisfied. The Company offers ATM and VISA debit cards to deposit account holders which allows our customers to access their account electronically at ATMs and POS terminals. Fees related to ATM and VISA debit card transactions are recognized when the transactions are completed and the Company has satisfied its performance obligation. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three- and nine-month periods ending September 30, 2024 and 2023 (in thousands). Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Non-interest income: In-scope of Topic 606 Wealth management fees $ 3,050 $ 2,845 $ 9,375 $ 8,372 Service charges on deposit accounts 304 311 890 857 Other 525 554 1,546 1,551 Non-interest income (in-scope of Topic 606) 3,879 3,710 11,811 10,780 Non-interest income (out-of-scope of Topic 606) 324 546 1,711 2,845 Total non-interest income $ 4,203 $ 4,256 $ 13,522 $ 13,625

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
Earnings Per Common Share	Sep. 30, 2024
Earnings Per Common Share
Earnings Per Common Share	4. Earnings Per Common Share Basic earnings per share include only the weighted average common shares outstanding. Diluted earnings per share include the weighted average common shares outstanding and any potentially dilutive common stock equivalent shares in the calculation. Treasury shares are excluded for earnings per share purposes. For the three-month periods ending September 30, 2024 and 2023, options to purchase 204,000 common shares, with an exercise price of $2.96 to $4.22, and options to purchase 287,500 common shares, with an exercise price of $2.96 to $4.22, respectively, were outstanding but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive. For the nine-month periods ending September 30, 2024 and 2023, options to purchase 204,000 common shares, with an exercise price of $2.96 to $4.22, and options to purchase 177,000 common shares, with an exercise price of $3.32 to $4.22, respectively, were outstanding but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive. Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 (In thousands, except per share data) Numerator: Net income $ 1,183 $ 647 $ 2,712 $ 1,975 Denominator: Weighted average common shares outstanding (basic) 16,519 17,147 16,897 17,142 Effect of stock options — — — 4 Weighted average common shares outstanding (diluted) 16,519 17,147 16,897 17,146 Earnings per common share Basic $ 0.07 $ 0.04 $ 0.16 $ 0.12 Diluted 0.07 0.04 0.16 0.12

Consolidated Statement of Cash

Consolidated Statement of Cash Flows	9 Months Ended
Consolidated Statement of Cash Flows	Sep. 30, 2024
Consolidated Statement of Cash Flows.
Consolidated Statement of Cash Flows	5. 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 received a $1.1 million income tax refund in the first nine months of 2024 compared to income tax payments of $500,000 in the same 2023 period. The Company made total interest payments of $23,761,000 in the first nine months of 2024 compared to $15,392,000 in the same 2023 period. The Company had non-cash transfers to other real estate owned (OREO) and repossessed assets of $1,930,000 in the first nine months of 2024 compared to no non-cash transfers in the same 2023 period. During the first nine months of 2024, the Company entered into a new operating lease related to an office location and recorded a right-of-use asset and lease liability lease liabilities write-off lease liability . As a result of the adoption of ASC 326, Financial Instruments – Credit Losses

Investment Securities

Investment Securities	9 Months Ended
Investment Securities	Sep. 30, 2024
Investment Securities
Investment Securities	6. 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. 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 September 30, 2024 and December 31, 2023, the allowance for credit losses on the held to maturity securities portfolio totaled $88,000 and $37,000, respectively. 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 (recovery) for credit losses on the Consolidated Statements of Operations. Accrued interest receivable on held to maturity debt securities totaled $439,000 and $388,000 at September 30, 2024 and December 31, 2023, respectively, 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 or past due over 90 days still accruing interest at September 30, 2024 and December 31, 2023. The underlying issuers continue to make timely principal and interest payments on the securities. 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 September 30, 2024 and December 31, 2023, the allowance for credit losses on the available for sale securities portfolio totaled $360,000 and $926,000, respectively. 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 (recovery) 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 $1.1 million and $988,000 at September 30, 2024 and December 31, 2023, respectively, and is included within accrued interest income receivable on the Consolidated Balance Sheets. This amount is excluded from the estimate of expected credit losses. Available for sale 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 available for sale debt securities are placed on non-accrual status, unpaid interest credited to income is reversed. It should be noted that the Company had one available for sale debt security in non-accrual status at September 30, 2024 totaling $1.0 million with an associated allowance for credit losses of $360,000. This is compared to one available for sale debt security in non-accrual status at December 31, 2023 totaling $926,000 with an associated allowance for credit losses of $926,000. When these corporate securities were transferred to non-accrual status, interest income from investments was unfavorably impacted due to the reversal of previously recognized income. Specifically, unpaid interest on these securities which was reversed totaled $73,000 for the three- and nine-month periods ended September 30, 2024 and $17,000 for the nine-month period ended September 30, 2023. The cost basis and fair values of investment securities are summarized as follows: Investment securities available for sale (AFS): September 30, 2024 GROSS GROSS ALLOWANCE UNREALIZED UNREALIZED FOR CREDIT FAIR COST BASIS GAINS LOSSES LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 5,404 $ — $ (547) $ — $ 4,857 U.S. Agency mortgage-backed securities 103,083 307 (9,779) — 93,611 Municipal 9,163 4 (493) — 8,674 Corporate bonds 60,117 133 (2,441) (360) 57,449 Total $ 177,767 $ 444 $ (13,260) $ (360) $ 164,591 Investment securities held to maturity (HTM): September 30, 2024 GROSS GROSS ALLOWANCE UNREALIZED UNREALIZED FAIR FOR CREDIT COST BASIS GAINS LOSSES VALUE LOSSES (IN THOUSANDS) U.S. Agency $ 2,500 $ — $ (284) $ 2,216 $ — U.S. Agency mortgage-backed securities 27,015 187 (1,649) 25,553 — Municipal 32,521 14 (1,752) 30,783 (2) Corporate bonds and other securities 3,415 — (77) 3,338 (86) Total $ 65,451 $ 201 $ (3,762) $ 61,890 $ (88) Investment securities available for sale (AFS): 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 (HTM): 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) The Company sold no AFS securities during the third quarter of 2024 while the proceeds from the sale of AFS securities totaled $935,000 during the first nine months of 2024 resulting in the recognition of no gross investment security gains or losses. The Company had established an allowance for credit losses on one of the AFS securities sold during the first nine months of 2024. In accordance with ASC 326, Financial Instruments – Credit Losses The carrying value of securities, both available for sale and held to maturity, pledged to secure public and trust deposits was $137,120,000 at September 30, 2024 and $135,624,000 at December 31, 2023. 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 September 30, 2024, the Company had low premium risk as the book value of our mortgage-backed securities purchased at a premium was only 100.7% of the par value. Contractual maturities of securities at September 30, 2024 are shown below (in thousands). Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without prepayment penalties. The weighted average duration of the total investment securities portfolio at September 30, 2024 was 43.7 months and was shorter than the duration at December 31, 2023 which was 49.4 months. The duration remains within our internally established guideline to not exceed 60 months which we believe was appropriate to maintain proper levels of liquidity, interest rate risk, market valuation sensitivity and profitability. Total investment securities: September 30, 2024 Available for sale Held to maturity Cost Basis Fair Value Cost Basis Fair Value Within 1 year $ 10,170 $ 10,135 $ 3,541 $ 3,516 After 1 year but within 5 years 31,486 30,353 14,606 14,321 After 5 years but within 10 years 37,767 35,346 19,746 18,060 Over 10 years 98,344 88,757 27,558 25,993 Total $ 177,767 $ 164,591 $ 65,451 $ 61,890 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 September 30, 2024, aggregated by security type and length of time in a continuous loss position (in thousands): September 30, 2024 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ — $ — $ 4,857 $ (547) $ 4,857 $ (547) U.S. Agency mortgage-backed securities — — 67,990 (9,779) 67,990 (9,779) Municipal — — 8,430 (493) 8,430 (493) Corporate bonds 2,876 (46) 35,849 (2,395) 38,725 (2,441) Total $ 2,876 $ (46) $ 117,126 $ (13,214) $ 120,002 $ (13,260) At September 30, 2024, within the available for sale debt securities portfolio, the Company had four corporate bonds that have been in a gross unrealized loss position for less than 12 months with depreciation of 1.6% from its amortized cost basis. Additionally, at September 30, 2024, 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 following tables present the activity in the allowance for credit losses on available for sale debt securities by major security type for the three and nine months ended September 30, 2024 and 2023 (in thousands). Three months ended September 30, 2024 Balance at June 30, 2024 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2024 Corporate bonds $ 360 $ — $ — $ — $ 360 Total $ 360 $ — $ — $ — $ 360 Three months ended September 30, 2023 Balance at June 30, 2023 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2023 Corporate bonds $ 926 $ — $ — $ — $ 926 Total $ 926 $ — $ — $ — $ 926 Nine months ended September 30, 2024 Balance at December 31, 2023 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2024 Corporate bonds $ 926 $ (491) $ — $ (75) $ 360 Total $ 926 $ (491) $ — $ (75) $ 360 Nine months ended September 30, 2023 Balance at December 31, 2022 Impact of Adopting ASC 326 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2023 Corporate bonds $ — $ — $ — $ — $ 926 $ 926 Total $ — $ — $ — $ — $ 926 $ 926 The Company did not record a provision for credit losses on available for sale debt securities during the third quarter of 2024 and 2023. For the nine months of 2024, the Company recognized a $75,000 provision for credit losses recovery on available for sale debt securities after recognizing $926,000 of provision expense in the first nine months of 2023. During 2023, the recognition of the provision expense resulted from a subordinated debt investment issued by Signature Bank which was closed by banking regulators on March 12, 2023. The security was successfully sold during the first quarter of 2024 which resulted in a charge-off of $491,000 and recognition of a provision for credit losses recovery of $435,000. This recovery was partially offset by the establishment of a $360,000 allowance for credit losses on a corporate AFS security deemed to be credit impaired. The following tables present the activity in the allowance for credit losses on held to maturity debt securities by major security type for the three and nine months ended September 30, 2024 and 2023 (in thousands). Three months ended September 30, 2024 Balance at June 30, 2024 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2024 U.S. Agency $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities — — — — — Municipal 2 — — — 2 Corporate bonds and other securities 98 — — (12) 86 Total $ 100 $ — $ — $ (12) $ 88 Three months ended September 30, 2023 Balance at June 30, 2023 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2023 U.S. Agency $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities — — — — — Municipal 2 — — — 2 Corporate bonds and other securities 107 — — (77) 30 Total $ 109 $ — $ — $ (77) $ 32 Nine months ended September 30, 2024 Balance at December 31, 2023 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2024 U.S. Agency $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities — — — — — Municipal 2 — — — 2 Corporate bonds and other securities 35 — — 51 86 Total $ 37 $ — $ — $ 51 $ 88 Nine months ended September 30, 2023 Balance at December 31, 2022 Impact of Adopting ASC 326 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2023 U.S. Agency $ — $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities — — — — — — Municipal — 3 — — (1) 2 Corporate bonds and other securities — 111 — — (81) 30 Total $ — $ 114 $ — $ — $ (82) $ 32 As stated previously, 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 Investor’s Service or Standard & Poor’s rating of A. The Company monitors the credit ratings of its debt securities on a quarterly basis. At September 30, 2024, 57.2% of the total investment securities portfolio was rated AAA as compared to 55.9% at December 31, 2023. Approximately 14.5% of the total investment securities portfolio was either rated below A or unrated at September 30, 2024 as compared to 15.1% at December 31, 2023. Specifically, the following table summarizes the amortized cost of held to maturity debt securities at September 30, 2024, aggregated by credit quality indicator (in thousands). September 30, 2024 Credit Rating AAA/AA/A BBB/BB/B Unrated Total U.S. Agency $ 2,500 $ — $ — $ 2,500 U.S. Agency mortgage-backed securities 27,015 — — 27,015 Municipal 32,521 — — 32,521 Corporate bonds and other securities 2,000 — 1,415 3,415 Total $ 64,036 $ — $ 1,415 $ 65,451

Loans

Loans	9 Months Ended
Loans	Sep. 30, 2024
Loans
Loans	7. 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. As of September 30, 2024 and December 31, 2023, accrued interest receivable on loans totaled $4.3 million and $4.2 million, respectively, which is reported in accrued interest income receivable on the Consolidated Balance Sheets and is excluded from the estimate of credit losses. 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. 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 (in thousands): September 30, 2024 December 31, 2023 Commercial: Commercial real estate (owner occupied) (1) $ 80,511 $ 89,147 Other commercial and industrial 139,758 159,424 Commercial real estate (non-owner occupied): Retail (1) 168,676 161,961 Multi-family (1) 123,369 110,008 Other (1) 241,519 240,286 Residential mortgages (1) 179,297 174,670 Consumer 106,508 102,775 Loans, net of unearned income $ 1,039,638 $ 1,038,271 (1) Real estate construction loans constituted 3.1% and 3.4% of the Company’s total loans, net of unearned income as of September 30, 2024 and December 31, 2023, respectively. Loan balances at September 30, 2024 and December 31, 2023 are net of unearned income of $496,000 and $483,000 , respectively.

Allowance for Credit Losses - L

Allowance for Credit Losses - Loans	9 Months Ended
Allowance for Credit Losses - Loans	Sep. 30, 2024
Allowance for Credit Losses - Loans
Allowance for Credit Losses - Loans	8. 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’ data 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 current expected credit losses (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. The following tables summarize the rollforward of the allowance for credit losses by loan portfolio segment for the three- and nine-month periods ending September 30, 2024 and 2023 (in thousands). Three months ended September 30, 2024 Balance at Charge- Provision Balance at June 30, 2024 Offs Recoveries (Recovery) September 30, 2024 Commercial real estate (owner occupied) $ 371 $ — $ 6 $ 55 $ 432 Other commercial and industrial 2,678 (132) 12 (120) 2,438 Commercial real estate (non-owner occupied) - retail 3,519 — — (68) 3,451 Commercial real estate (non-owner occupied) - multi-family 1,370 — — 53 1,423 Other commercial real estate (non-owner occupied) 4,665 — 3 (27) 4,641 Residential mortgages 852 — 2 (2) 852 Consumer 1,156 (72) 25 74 1,183 Total $ 14,611 $ (204) $ 48 $ (35) $ 14,420 Three months ended September 30, 2023 Balance at Charge- Provision Balance at June 30, 2023 Offs Recoveries (Recovery) September 30, 2023 Commercial real estate (owner occupied) $ 1,517 $ — $ 6 $ 21 $ 1,544 Other commercial and industrial 2,849 (75) — (30) 2,744 Commercial real estate (non-owner occupied) - retail 1,477 — — 49 1,526 Commercial real estate (non-owner occupied) - multi-family 1,145 — 2 28 1,175 Other commercial real estate (non-owner occupied) 3,087 — 4 92 3,183 Residential mortgages 1,037 (54) 9 35 1,027 Consumer 1,109 (41) 23 23 1,114 Total $ 12,221 $ (170) $ 44 $ 218 $ 12,313 Nine months ended September 30, 2024 Balance at Charge- Provision Balance at December 31, 2023 Offs Recoveries (Recovery) September 30, 2024 Commercial real estate (owner occupied) $ 1,529 $ — $ 18 $ (1,115) $ 432 Other commercial and industrial 3,030 (424) 33 (201) 2,438 Commercial real estate (non-owner occupied) - retail 3,488 — — (37) 3,451 Commercial real estate (non-owner occupied) - multi-family 1,430 — 3 (10) 1,423 Other commercial real estate (non-owner occupied) 3,428 — 8 1,205 4,641 Residential mortgages 1,021 — 5 (174) 852 Consumer 1,127 (196) 65 187 1,183 Total $ 15,053 $ (620) $ 132 $ (145) $ 14,420 Nine months ended September 30, 2023 Balance at Impact of Adopting Charge- Provision Balance at December 31, 2022 ASC 326 Offs Recoveries (Recovery) September 30, 2023 Commercial real estate (owner occupied) $ — $ 1,380 $ — $ 18 $ 146 $ 1,544 Other commercial and industrial — 2,908 (75) 2 (91) 2,744 Commercial real estate (non-owner occupied) - retail — 1,432 — — 94 1,526 Commercial real estate (non-owner occupied) - multi-family — 1,226 — 5 (56) 1,175 Other commercial real estate (non-owner occupied) 5,972 (2,776) — 11 (24) 3,183 Commercial (owner occupied real estate and other) 2,653 (2,653) — — — — Residential mortgages 1,380 (355) (54) 12 44 1,027 Consumer 85 695 (210) 104 440 1,114 Allocation for general risk 653 (653) — — — — Total $ 10,743 $ 1,204 $ (339) $ 152 $ 553 $ 12,313 The Company recorded a $35,000 provision for credit losses recovery for loans in the third quarter of 2024 as compared to a $218,000 provision for credit losses expense in the third quarter of 2023. The provision recovery in the third quarter of 2024 primarily reflects minimal loan growth as well as improved historical loss rates since June 30, 2024. For the nine months of 2024, the Company recognized a $145,000 provision for credit losses recovery for loans after recognizing $553,000 of provision expense in the first nine months of 2023, representing a $698,000 favorable shift between years. The provision for credit losses recovery for the nine-month timeframe of 2024 was the result of a favorable adjustment to the historical loss and qualitative factors used to calculate the allowance for credit losses in accordance with CECL. The allowance for loan credit losses at September 30, 2024 is $2.1 million, or 17.1%, higher than the allowance for loan credit losses at September 30, 2023. The increase since last year’s third quarter end was due to the Company strengthening its allowance for loan credit losses during the fourth quarter of 2023. Non-performing assets from the loan portfolio, which are discussed in detail below, decreased from $12.4 million at December 31, 2023 to $11.7 million at September 30, 2024 primarily due to a reduction in non-accrual commercial real estate and residential mortgage loans. Non-performing assets from the loan portfolio were at 1.12% of total loans as of September 30, 2024. During the first nine months of 2024, the Company experienced net loan charge-offs of $488,000, or 0.06% of total average loans, compared to net charge-offs of $187,000, or 0.03% of total average loans, in the first nine months of 2023. In summary, the allowance for credit losses on the loan portfolio provided 147% coverage of non-performing loans, and 1.39% of total loans, at September 30, 2024 compared to 122% coverage of non-performing loans, and 1.45% of total loans, at December 31, 2023. 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, 47% of the third quarter of 2024 general reserve represented qualitative adjustment with 53% representing quantitative reserve. In accordance with ASC 326, Financial Instruments - Credit Losses 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. The following tables summarize the loan portfolio and allowance for credit losses (in thousands). At September 30, 2024 Commercial real estate (owner occupied) Other commercial and industrial Commercial real estate (non-owner occupied) - retail Commercial real estate (non-owner occupied) - multi-family Other commercial real estate (non-owner occupied) Residential mortgages Consumer Total Loans: Individually evaluated $ 158 $ 1,477 $ — $ — $ 10,411 $ 513 $ 11 $ 12,570 Collectively evaluated 80,353 138,281 168,676 123,369 231,108 178,784 106,497 1,027,068 Total loans $ 80,511 $ 139,758 $ 168,676 $ 123,369 $ 241,519 $ 179,297 $ 106,508 $ 1,039,638 Allowance for credit losses: Specific reserve allocation $ — $ 277 $ — $ — $ 1,582 $ — $ — $ 1,859 General reserve allocation 432 2,161 3,451 1,423 3,059 852 1,183 12,561 Total allowance for credit losses $ 432 $ 2,438 $ 3,451 $ 1,423 $ 4,641 $ 852 $ 1,183 $ 14,420 At December 31, 2023 Commercial real estate (owner occupied) Other commercial and industrial Commercial real estate (non-owner occupied) - retail Commercial real estate (non-owner occupied) - multi-family Other commercial real estate (non-owner occupied) Residential mortgages Consumer Total Loans: 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 Allowance for credit losses: 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 The following tables present the amortized cost basis of collateral-dependent loans by class of loans (in thousands). Collateral Type September 30, 2024 Real Estate Commercial: Commercial real estate (owner occupied) $ 158 Commercial real estate (non-owner occupied): Other 10,411 Residential mortgages 513 Consumer 11 Total $ 11,093 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 from the Loan Portfolio Non-performing assets from the loan portfolio 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 September 30, 2024 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) $ 158 $ — $ 158 $ — $ — $ 158 Other commercial and industrial — 1,477 1,477 — 263 1,740 Commercial real estate (non-owner occupied) - retail — — — — — — Commercial real estate (non-owner occupied) - multi-family — — — — — — Other commercial real estate (non-owner occupied) 6,849 — 6,849 — 1,476 8,325 Residential mortgages 513 75 588 12 15 615 Consumer 11 724 735 — 96 831 Total $ 7,531 $ 2,276 $ 9,807 $ 12 $ 1,850 $ 11,669 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 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. 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 typically 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, 2024 requires review of approximately 37% 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 tables present the classes of the commercial and commercial real estate loan portfolios summarized by the aggregate pass and the criticized categories of special mention, substandard and doubtful within the internal risk rating system. At September 30, 2024 Revolving Revolving Loans Loans Amortized Converted Term Loans Amortized Cost Basis by Origination Year Cost to 2024 2023 2022 2021 2020 Prior Basis Term Total (In Thousands) Commercial real estate (owner occupied) Pass $ 3,944 $ 17,674 $ 6,105 $ 8,752 $ 10,836 $ 27,617 $ 383 $ 881 $ 76,192 Special Mention — — — 3,667 — — — — 3,667 Substandard 47 — — — — 605 — — 652 Doubtful — — — — — — — — — Total $ 3,991 $ 17,674 $ 6,105 $ 12,419 $ 10,836 $ 28,222 $ 383 $ 881 $ 80,511 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial and industrial Pass $ 10,278 $ 20,124 $ 22,597 $ 7,951 $ 4,878 $ 20,559 $ 48,051 $ — $ 134,438 Special Mention — — — 1,808 — 473 1,000 — 3,281 Substandard — — 418 — — 1,441 180 — 2,039 Doubtful — — — — — — — — — Total $ 10,278 $ 20,124 $ 23,015 $ 9,759 $ 4,878 $ 22,473 $ 49,231 $ — $ 139,758 Current period gross charge-offs $ — $ — $ 424 $ — $ — $ — $ — $ — $ 424 Commercial real estate (non-owner occupied) - retail Pass $ 12,928 $ 39,137 $ 21,155 $ 32,227 $ 22,520 $ 39,423 $ 978 $ — $ 168,368 Special Mention — — 308 — — — — — 308 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 12,928 $ 39,137 $ 21,463 $ 32,227 $ 22,520 $ 39,423 $ 978 $ — $ 168,676 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate (non-owner occupied) - multi-family Pass $ 17,567 $ 27,106 $ 16,515 $ 16,951 $ 11,618 $ 30,938 $ 375 $ — $ 121,070 Special Mention — — — — — — — — — Substandard — — — — 928 1,371 — — 2,299 Doubtful — — — — — — — — — Total $ 17,567 $ 27,106 $ 16,515 $ 16,951 $ 12,546 $ 32,309 $ 375 $ — $ 123,369 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate (non-owner occupied) Pass $ 25,729 $ 31,043 $ 36,795 $ 43,339 $ 16,382 $ 65,932 $ 5,819 $ — $ 225,039 Special Mention — — — — — 3,561 — — 3,561 Substandard — — 625 199 — 12,095 — — 12,919 Doubtful — — — — — — — — — Total $ 25,729 $ 31,043 $ 37,420 $ 43,538 $ 16,382 $ 81,588 $ 5,819 $ — $ 241,519 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total by risk rating Pass $ 70,446 $ 135,084 $ 103,167 $ 109,220 $ 66,234 $ 184,469 $ 55,606 $ 881 $ 725,107 Special Mention — — 308 5,475 — 4,034 1,000 — 10,817 Substandard 47 — 1,043 199 928 15,512 180 — 17,909 Doubtful — — — — — — — — — Total $ 70,493 $ 135,084 $ 104,518 $ 114,894 $ 67,162 $ 204,015 $ 56,786 $ 881 $ 753,833 Current period gross charge-offs $ — $ — $ 424 $ — $ — $ — $ — $ — $ 424 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 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 September 30, 2024 Revolving Revolving Loans Loans Amortized Converted Term Loans Amortized Cost Basis by Origination Year Cost to 2024 2023 2022 2021 2020 Prior Basis Term Total (In Thousands) Residential mortgages Performing $ 11,697 $ 15,592 $ 10,618 $ 58,614 $ 42,342 $ 39,834 $ — $ — $ 178,697 Non-performing — — — — — 600 — — 600 Total $ 11,697 $ 15,592 $ 10,618 $ 58,614 $ 42,342 $ 40,434 $ — $ — $ 179,297 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ 8,783 $ 11,985 $ 17,657 $ 8,057 $ 2,660 $ 4,630 $ 51,343 $ 658 $ 105,773 Non-performing — 31 — — 62 380

Short-Term Borrowings and Advan

Short-Term Borrowings and Advances from Federal Home Loan Bank	9 Months Ended
	Sep. 30, 2024
Short-Term Borrowings and Advances from Federal Home Loan Bank
Short-Term Borrowings and Advances from Federal Home Loan Bank	9. Short-Term Borrowings and Advances from Federal Home Loan Bank Total short-term and Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages): At September 30, 2024 Weighted Type Maturing Amount Average Rate Open Repo Plus Overnight $ 11,760 5.18 % FHLB Advances 2024 2,037 3.29 2025 8,400 4.88 2026 17,270 4.27 2027 15,100 4.23 2028 11,745 4.46 Total FHLB advances 54,552 4.36 Total short-term and FHLB borrowings $ 66,312 4.50 % At December 31, 2023 Weighted Type Maturing Amount Average Rate Open Repo Plus Overnight $ 40,951 5.68 % FHLB Advances 2024 7,947 3.23 2025 2,000 4.43 2026 12,920 4.29 2027 10,950 4.33 2028 10,745 4.50 Total FHLB advances 44,562 4.17 Total short-term and FHLB borrowings $ 85,513 4.89 % The rate on Open Repo Plus advances can change daily, while the rates on the advances are fixed until the maturity of the advance. All FHLB stock along with an interest in certain residential mortgage, commercial real estate, and commercial and industrial loans with an aggregate statutory value equal to the amount of the advances are pledged as collateral to the FHLB of Pittsburgh to support these borrowings.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
Accumulated Other Comprehensive Loss	Sep. 30, 2024
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss	10. Accumulated Other Comprehensive Loss The following tables present the changes in each component of accumulated other comprehensive loss, net of tax, for the three and nine months ended September 30, 2024 and 2023 (in thousands): Three months ended September 30, 2024 Three months ended September 30, 2023 Net Net Unrealized Unrealized Gains and Gains and Losses on Defined Losses on Defined Investment Interest Benefit Investment Interest Benefit Securities Rate Pension Securities Rate Pension AFS (1) Hedge (1) Items (1) Total (1) AFS (1) Hedge (1) Items (1) Total (1) Beginning balance $ (14,090) $ 349 $ (3,848) $ (17,589) $ (17,049) $ 261 $ (7,582) $ (24,370) Other comprehensive income (loss) before reclassifications 3,966 (724) 726 3,968 (2,700) 443 (23) (2,280) Amounts reclassified from accumulated other comprehensive loss — (162) 27 (135) — (127) 23 (104) Net current period other comprehensive income (loss) 3,966 (886) 753 3,833 (2,700) 316 — (2,384) Ending balance $ (10,124) $ (537) $ (3,095) $ (13,756) $ (19,749) $ 577 $ (7,582) $ (26,754) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. Nine months ended September 30, 2024 Nine months ended September 30, 2023 Net Net Unrealized Unrealized Gains and Gains and Losses on Defined Losses on Defined Investment Interest Benefit Investment Interest Benefit Securities Rate Pension Securities Rate Pension AFS (1) Hedge (1) Items (1) Total (1) AFS (1) Hedge (1) Items (1) Total (1) Beginning balance $ (13,730) $ (352) $ (5,894) $ (19,976) $ (14,938) $ — $ (7,582) $ (22,520) Other comprehensive income (loss) before reclassifications 3,606 292 2,475 6,373 (4,811) 798 (23) (4,036) Amounts reclassified from accumulated other comprehensive loss — (477) 324 (153) — (221) 23 (198) Net current period other comprehensive income (loss) 3,606 (185) 2,799 6,220 (4,811) 577 — (4,234) Ending balance $ (10,124) $ (537) $ (3,095) $ (13,756) $ (19,749) $ 577 $ (7,582) $ (26,754) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. The following tables present the amounts reclassified out of each component of accumulated other comprehensive loss for the three and nine months ended September 30, 2024 and 2023 (in thousands): Amount reclassified from accumulated other comprehensive loss (1) For the three For the three Details about accumulated other months ended months ended Affected line item in the comprehensive loss components September 30, 2024 September 30, 2023 statement of operations Interest rate hedge $ (205) $ (161) Interest expense - Deposits 43 34 Provision for income taxes $ (162) $ (127) Amortization of estimated defined benefit pension plan loss (2) $ 34 $ 29 Other expense (7) (6) Provision for income taxes $ 27 $ 23 Total reclassifications for the period $ (135) $ (104) Amount reclassified from accumulated other comprehensive loss (1) For the nine For the nine Details about accumulated other months ended months ended Affected line item in the comprehensive loss components September 30, 2024 September 30, 2023 statement of operations Interest rate hedge $ (604) $ (280) Interest expense - Deposits 127 59 Provision for income taxes $ (477) $ (221) Amortization of estimated defined benefit pension plan loss (2) $ 410 $ 29 Other expense (86) (6) Provision for income taxes $ 324 $ 23 Total reclassifications for the period $ (153) $ (198) (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 15 for additional details).

Regulatory Capital

Regulatory Capital	9 Months Ended
Regulatory Capital	Sep. 30, 2024
Regulatory Capital
Regulatory Capital	11. Regulatory Capital The Company is subject to various capital requirements administered by the federal banking agencies. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. For a more detailed discussion, see the Capital Resources section of Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A). Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total, common equity tier 1, and tier 1 capital to risk-weighted assets (as defined) and tier 1 capital to average assets. Additionally, under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. As of September 30, 2024, the Bank was categorized as “well capitalized” under the regulatory framework for prompt corrective action promulgated by the Federal Reserve. The Company believes that no conditions or events have occurred that would change this conclusion as of such date. To be categorized as well capitalized, the Bank must maintain minimum total capital, common equity tier 1 capital, tier 1 capital, and tier 1 leverage ratios as set forth in the table. At September 30, 2024 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) $ 149,354 12.87 % $ 136,017 11.76 % 8.00 % 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) 108,245 9.33 121,548 10.51 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 108,245 9.33 121,548 10.51 6.00 8.00 Tier 1 Capital (To Average Assets) 108,245 7.75 121,548 8.77 4.00 5.00 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 * Applies to the Bank only.

Derivative Hedging Instruments

Derivative Hedging Instruments	9 Months Ended
Derivative Hedging Instruments	Sep. 30, 2024
Derivative Hedging Instruments
Derivative Hedging Instruments	12. 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. 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 16. The following table summarizes the interest rate swap transactions that impacted the Company’s first nine months of 2024 and 2023 performance (in thousands, except percentages). At September 30, 2024 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY INCOME Swap assets N/A $ 67,135 7.67 % Monthly $ 1,573 Swap liabilities N/A (67,135) (7.67) Monthly (1,573) Net exposure $ — — % $ — At September 30, 2023 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY INCOME Swap assets N/A $ 64,564 7.39 % Monthly $ 1,514 Swap liabilities N/A (64,564) (7.39) Monthly (1,514) Net exposure $ — — % $ — Risk Participation Agreements The Company has 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 borrower-related interest rate swap contracts. 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. 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 16. The notional amount of the risk participation agreements outstanding at September 30, 2024 and December 31, 2023 was $4.9 million and $6.8 million, respectively. Interest Rate Hedges The Company has entered into interest rate swaps with a total notional value of $70 million and $60 million as of September 30, 2024 and 2023, respectively, 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 assets or other liabilities. Disclosures related to the fair value of the interest rate hedges can be found in Note 16. 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 the periods ended September 30, 2024 and 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 three months ended September 30, 2024 and 2023, the Company had $205,000 and $161,000 of gains, respectively, which resulted in a decrease in interest expense. During the nine months ended September 30, 2024 and 2023, the Company had $604,000 and $280,000 of gains, respectively, which resulted in a decrease in interest expense. In the twelve months that follow September 30, 2024, the Company estimates that approximately $463,000 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 September 30, 2024, the maximum remaining length of time over which forecasted transactions are hedged is approximately two and a quarter years 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 three and nine months ended September 30, 2024 and 2023 (in thousands). Three months ended September 30, 2024 Derivatives in Cash Flow Hedging Relationships Amount Recognized in Other Comprehensive Income (Loss) on Derivative Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss Amount Reclassified from Accumulated Other Comprehensive Loss Interest rate hedge $ (1,122) Interest expense - Deposits $ (205) Total $ (1,122) $ (205) Three months ended September 30, 2023 Derivatives in Cash Flow Hedging Relationships Amount Recognized in Other Comprehensive Income (Loss) on Derivative Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss Amount Reclassified from Accumulated Other Comprehensive Loss Interest rate hedge $ 400 Interest expense - Deposits $ (161) Total $ 400 $ (161) Nine months ended September 30, 2024 Derivatives in Cash Flow Hedging Relationships Amount Recognized in Other Comprehensive Income (Loss) on Derivative Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss Amount Reclassified from Accumulated Other Comprehensive Loss Interest rate hedge $ (235) Interest expense - Deposits $ (604) Total $ (235) $ (604) Nine months ended September 30, 2023 Derivatives in Cash Flow Hedging Relationships Amount Recognized in Other Comprehensive Income (Loss) on Derivative Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss Amount Reclassified from Accumulated Other Comprehensive Loss Interest rate hedge $ 733 Interest expense - Deposits $ (280) Total $ 733 $ (280) The Company monitors and controls all derivative products with a comprehensive Board of Directors approved Hedging Policy. This policy permits a total maximum notional amount outstanding of $500 million for interest rate swaps, interest rate caps/floors, and swaptions. All hedge transactions must be approved in advance by the Investment Asset/Liability Committee (ALCO) of the Board of Directors, unless otherwise approved, as per the terms, within the Board of Directors approved Hedging Policy. The Company had no caps or floors outstanding at September 30, 2024 and 2023.

Segment Results

Segment Results	9 Months Ended
Segment Results	Sep. 30, 2024
Segment Results
Segment Results	13. 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 business also includes the union collective investment funds (ERECT funds) which are designed to use union pension dollars in construction projects that utilize union labor. The investment/parent includes the net results of investment securities and borrowing activities, general corporate expenses not allocated to the business segments, interest expense on corporate debt, and centralized interest rate risk management. Inter-segment revenues were not material. The contribution of the major business segments to the Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Three months ended Nine months ended September 30, 2024 September 30, 2024 Total revenue Net income (loss) Total revenue Net income (loss) Community banking $ 14,344 $ 4,499 $ 43,261 $ 13,484 Wealth management 3,049 673 9,373 2,132 Investment/Parent (4,303) (3,989) (12,603) (12,904) Total $ 13,090 $ 1,183 $ 40,031 $ 2,712 Three months ended Nine months ended September 30, 2023 September 30, 2023 Total revenue Net income (loss) Total revenue Net income (loss) Community banking $ 14,285 $ 4,340 $ 41,314 $ 12,165 Wealth management 2,845 487 8,383 907 Investment/Parent (4,075) (4,180) (8,641) (11,097) Total $ 13,055 $ 647 $ 41,056 $ 1,975

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
Commitments and Contingent Liabilities	Sep. 30, 2024
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	14. Commitments and Contingent Liabilities The Company had various outstanding commitments to extend credit approximating $250.1 million and $236.6 million along with standby letters of credit of $8.9 million and $8.2 million as of September 30, 2024 and December 31, 2023, respectively. The Company’s exposure to credit loss in the event of nonperformance by the other party to these commitments to extend credit and standby letters of credit is represented by their contractual amounts. The Bank uses the same credit and collateral policies in making commitments and conditional obligations as for all other lending. 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 cancelable. The allowance for credit losses on off-balance sheet credit exposures is adjusted through the provision (recovery) 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 recovery on unfunded commitments for the three and nine months ended September 30, 2024 of $4,000 while a provision for credit losses expense of $48,000 and $14,000 was recorded for the three and nine months ended September 30, 2023, respectively. 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 $936,000 at September 30, 2024 compared to $940,000 at December 31, 2023. Additionally, the Company is subject to a number of asserted and unasserted potential claims encountered in the normal course of business. In the opinion of the Company, neither the resolution of these claims nor the funding of these credit commitments is expected to have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

Pension Benefits

Pension Benefits	9 Months Ended
Pension Benefits	Sep. 30, 2024
Pension Benefits
Pension Benefits	15. Pension Benefits The Company has a noncontributory defined benefit pension plan covering certain employees who work at least 1,000 hours per year. The participants have a vested interest in their accrued benefit after five cash equivalent instruments. The net periodic pension cost for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 COMPONENTS OF NET PERIODIC BENEFIT COST: Service cost $ 211 $ 327 $ 628 $ 841 Interest cost 369 514 1,173 1,384 Expected return on plan assets (1,051) (1,124) (3,119) (3,192) Amortization of net loss — 29 — 29 Settlement charge 34 — 410 — Net periodic pension benefit $ (437) $ (254) $ (908) $ (938) The service cost component of net periodic benefit cost is included in salaries and employee benefits and all other components of net periodic benefit cost are included in other expense on the Consolidated Statements of Operations. The Company recognized a $34,000 and $410,000 settlement charge in connection with its defined benefit pension plan in the third quarter and first nine months of 2024, respectively, while no such charge was recognized in the same periods of 2023. 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. It is important to note that since the retired employees have chosen to take lump sum payments, these individuals are no longer included in the pension plan. Therefore, the Company’s basic annual pension expense is expected to be lower in the future. This was evident in 2023 and so far in 2024 as the Company has recognized a net periodic pension benefit in both years. The accrued pension obligation, which had a positive (debit) balance of $29.1 million and $24.7 million, was reclassified to other assets on the Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023, respectively. The balance of the accrued pension obligation continues to be a positive value as a result of Company contributions to the plan and the revaluation of the obligation. The Company implemented a soft freeze of its defined benefit pension plan to provide that non-union employees hired on or after January 1, 2013 and union employees hired on or after January 1, 2014 are not eligible to participate in the pension plan. Instead, such employees are eligible to participate in a qualified 401(k) plan. This change was made to help reduce pension costs in future periods.

Disclosures about Fair Value Me

Disclosures about Fair Value Measurements and Financial Instruments	9 Months Ended
	Sep. 30, 2024
Disclosures about Fair Value Measurements and Financial Instruments
Disclosures about Fair Value Measurements and Financial Instruments	16. Disclosures about Fair Value Measurements and Financial Instruments The following disclosures establish a hierarchal disclosure framework associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The three broad levels defined within this hierarchy are as follows: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Assets and 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, 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 September 30, 2024 and December 31, 2023, by level within the fair value hierarchy (in thousands). Fair Value Measurements at September 30, 2024 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities (1) $ 346 $ 346 $ — $ — Available for sale securities: U.S. Agency 4,857 — 4,857 — U.S. Agency mortgage-backed securities 93,611 — 93,611 — Municipal 8,674 — 8,674 — Corporate bonds 57,449 — 57,449 — Interest rate swap asset (1) 2,727 — 2,727 — Interest rate swap liability (2) (2,787) — (2,787) — Interest rate hedge (2) (679) — (679) — Risk participation agreement (2) (422) — (422) — 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 swap liability (2) (4,665) — (4,665) — Interest rate hedge (2) (446) — (446) — Risk participation agreement (2) (410) — (410) — (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 September 30, 2024, individually evaluated loans using the collateral method with a carrying value of $3.6 million were reduced by a specific valuation allowance totaling $1.6 million resulting in a net fair value of $2.0 million. At December 31, 2023, the Company had no individually evaluated loans using the collateral method which were carried at fair value. 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 September 30, 2024 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Individually evaluated loans $ 1,980 $ — $ — $ 1,980 Other real estate owned and repossessed assets 1,850 — — 1,850 Fair Value Measurements December 31, 2023 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Other real estate owned and repossessed assets $ 15 $ — $ — $ 15 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable September 30, 2024 Fair Value Techniques Input Range (Wgtd Avg) Individually evaluated loans $ 1,980 Appraisal of collateral (1) Appraisal adjustments (2) 10% (10%) Other real estate owned and repossessed assets 1,850 Appraisal of collateral (1) Appraisal adjustments (2) 18% to 76% (26%) Liquidation expenses 0% to 33% (4%) 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 collateral (1) Appraisal adjustments (2) 63% (63%) Liquidation expenses 33% (33%) (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions. Fair Value of Financial Instruments For the Company, as for most financial institutions, approximately 90% of its assets and liabilities are considered financial instruments. Many of the Company’s financial instruments, however, lack an available trading market characterized by a willing buyer and willing seller engaging in an exchange transaction. Therefore, significant estimates and present value calculations were used by the Company for the purpose of this disclosure. Fair values have been determined by the Company using independent third party valuations that use the best available data (Level 2) and an estimation methodology (Level 3) the Company believes is suitable for each category of financial instruments. Management believes that cash and cash equivalents, bank owned life insurance, regulatory stock, accrued interest receivable and payable, 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 U.S. GAAP measurements and recorded carrying values at September 30, 2024 and December 31, 2023 for the remaining financial instruments not required to be reported at fair value were as follows: September 30, 2024 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) FINANCIAL ASSETS: Investment securities – HTM $ 65,451 $ 61,890 $ — $ 60,959 $ 931 Loans held for sale 783 803 803 — — Loans, net of allowance for credit losses and unearned income 1,025,218 972,404 — — 972,404 FINANCIAL LIABILITIES: Deposits with stated maturities 337,468 337,198 — — 337,198 All other borrowings (1) 81,268 80,878 — — 80,878 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 (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.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events
Subsequent Events	17. Subsequent Events The Company evaluated subsequent events and transactions that occurred after the unaudited consolidated balance sheet date up to the date that the unaudited consolidated financial statements were issued. Based upon this review, one subsequent event was identified that requires disclosure. Effective October 1, 2024, the two wholly owned subsidiaries of the Company, AmeriServ Financial Bank (the Bank) and AmeriServ Trust and Financial Services Company (the Trust Company), completed a merger. Specifically, the Trust Company merged with and into the Bank. The former Trust Company now functions as a division of the Bank with all property, obligations, and capital being transferred to the Bank. Assets and capital totaling $6.5 million were transferred from the former Trust Company to the Bank as a result of the merger which will favorably impact the Bank’s regulatory capital ratios in future periods. A new division of the Bank relating to the Trust Company’s operations, named AmeriServ Wealth and Capital Management, was formed on such date. On the same day, West Chester Capital Advisors, the SEC-registered investment advisor subsidiary of the Bank, changed its name to AmeriServ Wealth Advisors.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,183	$ 647	$ 2,712	$ 1,975

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2024
Revenue Recognition
Schedule of non-interest income, segregated by revenue	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three- and nine-month periods ending September 30, 2024 and 2023 (in thousands). Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Non-interest income: In-scope of Topic 606 Wealth management fees $ 3,050 $ 2,845 $ 9,375 $ 8,372 Service charges on deposit accounts 304 311 890 857 Other 525 554 1,546 1,551 Non-interest income (in-scope of Topic 606) 3,879 3,710 11,811 10,780 Non-interest income (out-of-scope of Topic 606) 324 546 1,711 2,845 Total non-interest income $ 4,203 $ 4,256 $ 13,522 $ 13,625

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
Earnings Per Common Share (Tables)	Sep. 30, 2024
Earnings Per Common Share
Schedule of Earnings Per Common Share	Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 (In thousands, except per share data) Numerator: Net income $ 1,183 $ 647 $ 2,712 $ 1,975 Denominator: Weighted average common shares outstanding (basic) 16,519 17,147 16,897 17,142 Effect of stock options — — — 4 Weighted average common shares outstanding (diluted) 16,519 17,147 16,897 17,146 Earnings per common share Basic $ 0.07 $ 0.04 $ 0.16 $ 0.12 Diluted 0.07 0.04 0.16 0.12

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
Investment Securities (Tables)	Sep. 30, 2024
Investment Securities
Summary of amortized cost and fair value of securities available-for-sale	Investment securities available for sale (AFS): September 30, 2024 GROSS GROSS ALLOWANCE UNREALIZED UNREALIZED FOR CREDIT FAIR COST BASIS GAINS LOSSES LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 5,404 $ — $ (547) $ — $ 4,857 U.S. Agency mortgage-backed securities 103,083 307 (9,779) — 93,611 Municipal 9,163 4 (493) — 8,674 Corporate bonds 60,117 133 (2,441) (360) 57,449 Total $ 177,767 $ 444 $ (13,260) $ (360) $ 164,591 Investment securities available for sale (AFS): 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
Summary of amortized cost and fair value of securities held-to-maturity	Investment securities held to maturity (HTM): September 30, 2024 GROSS GROSS ALLOWANCE UNREALIZED UNREALIZED FAIR FOR CREDIT COST BASIS GAINS LOSSES VALUE LOSSES (IN THOUSANDS) U.S. Agency $ 2,500 $ — $ (284) $ 2,216 $ — U.S. Agency mortgage-backed securities 27,015 187 (1,649) 25,553 — Municipal 32,521 14 (1,752) 30,783 (2) Corporate bonds and other securities 3,415 — (77) 3,338 (86) Total $ 65,451 $ 201 $ (3,762) $ 61,890 $ (88) Investment securities held to maturity (HTM): 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)
Schedule of investment securities	September 30, 2024 Available for sale Held to maturity Cost Basis Fair Value Cost Basis Fair Value Within 1 year $ 10,170 $ 10,135 $ 3,541 $ 3,516 After 1 year but within 5 years 31,486 30,353 14,606 14,321 After 5 years but within 10 years 37,767 35,346 19,746 18,060 Over 10 years 98,344 88,757 27,558 25,993 Total $ 177,767 $ 164,591 $ 65,451 $ 61,890
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 September 30, 2024, aggregated by security type and length of time in a continuous loss position (in thousands): September 30, 2024 LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ — $ — $ 4,857 $ (547) $ 4,857 $ (547) U.S. Agency mortgage-backed securities — — 67,990 (9,779) 67,990 (9,779) Municipal — — 8,430 (493) 8,430 (493) Corporate bonds 2,876 (46) 35,849 (2,395) 38,725 (2,441) Total $ 2,876 $ (46) $ 117,126 $ (13,214) $ 120,002 $ (13,260)
Schedule of allowance for credit losses on available for sale debt securities	The following tables present the activity in the allowance for credit losses on available for sale debt securities by major security type for the three and nine months ended September 30, 2024 and 2023 (in thousands). Three months ended September 30, 2024 Balance at June 30, 2024 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2024 Corporate bonds $ 360 $ — $ — $ — $ 360 Total $ 360 $ — $ — $ — $ 360 Three months ended September 30, 2023 Balance at June 30, 2023 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2023 Corporate bonds $ 926 $ — $ — $ — $ 926 Total $ 926 $ — $ — $ — $ 926 Nine months ended September 30, 2024 Balance at December 31, 2023 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2024 Corporate bonds $ 926 $ (491) $ — $ (75) $ 360 Total $ 926 $ (491) $ — $ (75) $ 360 Nine months ended September 30, 2023 Balance at December 31, 2022 Impact of Adopting ASC 326 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2023 Corporate bonds $ — $ — $ — $ — $ 926 $ 926 Total $ — $ — $ — $ — $ 926 $ 926
Schedule of allowance for credit losses on held to maturity debt securities	The following tables present the activity in the allowance for credit losses on held to maturity debt securities by major security type for the three and nine months ended September 30, 2024 and 2023 (in thousands). Three months ended September 30, 2024 Balance at June 30, 2024 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2024 U.S. Agency $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities — — — — — Municipal 2 — — — 2 Corporate bonds and other securities 98 — — (12) 86 Total $ 100 $ — $ — $ (12) $ 88 Three months ended September 30, 2023 Balance at June 30, 2023 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2023 U.S. Agency $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities — — — — — Municipal 2 — — — 2 Corporate bonds and other securities 107 — — (77) 30 Total $ 109 $ — $ — $ (77) $ 32 Nine months ended September 30, 2024 Balance at December 31, 2023 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2024 U.S. Agency $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities — — — — — Municipal 2 — — — 2 Corporate bonds and other securities 35 — — 51 86 Total $ 37 $ — $ — $ 51 $ 88 Nine months ended September 30, 2023 Balance at December 31, 2022 Impact of Adopting ASC 326 Charge-Offs Recoveries Provision (Recovery) Balance at September 30, 2023 U.S. Agency $ — $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities — — — — — — Municipal — 3 — — (1) 2 Corporate bonds and other securities — 111 — — (81) 30 Total $ — $ 114 $ — $ — $ (82) $ 32
Schedule of amortized cost of held to maturity debt securities aggregated by credit quality indicator	Specifically, the following table summarizes the amortized cost of held to maturity debt securities at September 30, 2024, aggregated by credit quality indicator (in thousands). September 30, 2024 Credit Rating AAA/AA/A BBB/BB/B Unrated Total U.S. Agency $ 2,500 $ — $ — $ 2,500 U.S. Agency mortgage-backed securities 27,015 — — 27,015 Municipal 32,521 — — 32,521 Corporate bonds and other securities 2,000 — 1,415 3,415 Total $ 64,036 $ — $ 1,415 $ 65,451

Loans (Tables)

Loans (Tables)	9 Months Ended
Loans (Tables)	Sep. 30, 2024
Loans
Schedule of loan portfolio	The loan portfolio of the Company consists of the following (in thousands): September 30, 2024 December 31, 2023 Commercial: Commercial real estate (owner occupied) (1) $ 80,511 $ 89,147 Other commercial and industrial 139,758 159,424 Commercial real estate (non-owner occupied): Retail (1) 168,676 161,961 Multi-family (1) 123,369 110,008 Other (1) 241,519 240,286 Residential mortgages (1) 179,297 174,670 Consumer 106,508 102,775 Loans, net of unearned income $ 1,039,638 $ 1,038,271 (1) Real estate construction loans constituted 3.1% and 3.4% of the Company’s total loans, net of unearned income as of September 30, 2024 and December 31, 2023, respectively.

Allowance for Credit Losses -_2

Allowance for Credit Losses - Loans (Tables)	9 Months Ended
Allowance for Credit Losses - Loans (Tables)	Sep. 30, 2024
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 three- and nine-month periods ending September 30, 2024 and 2023 (in thousands). Three months ended September 30, 2024 Balance at Charge- Provision Balance at June 30, 2024 Offs Recoveries (Recovery) September 30, 2024 Commercial real estate (owner occupied) $ 371 $ — $ 6 $ 55 $ 432 Other commercial and industrial 2,678 (132) 12 (120) 2,438 Commercial real estate (non-owner occupied) - retail 3,519 — — (68) 3,451 Commercial real estate (non-owner occupied) - multi-family 1,370 — — 53 1,423 Other commercial real estate (non-owner occupied) 4,665 — 3 (27) 4,641 Residential mortgages 852 — 2 (2) 852 Consumer 1,156 (72) 25 74 1,183 Total $ 14,611 $ (204) $ 48 $ (35) $ 14,420 Three months ended September 30, 2023 Balance at Charge- Provision Balance at June 30, 2023 Offs Recoveries (Recovery) September 30, 2023 Commercial real estate (owner occupied) $ 1,517 $ — $ 6 $ 21 $ 1,544 Other commercial and industrial 2,849 (75) — (30) 2,744 Commercial real estate (non-owner occupied) - retail 1,477 — — 49 1,526 Commercial real estate (non-owner occupied) - multi-family 1,145 — 2 28 1,175 Other commercial real estate (non-owner occupied) 3,087 — 4 92 3,183 Residential mortgages 1,037 (54) 9 35 1,027 Consumer 1,109 (41) 23 23 1,114 Total $ 12,221 $ (170) $ 44 $ 218 $ 12,313 Nine months ended September 30, 2024 Balance at Charge- Provision Balance at December 31, 2023 Offs Recoveries (Recovery) September 30, 2024 Commercial real estate (owner occupied) $ 1,529 $ — $ 18 $ (1,115) $ 432 Other commercial and industrial 3,030 (424) 33 (201) 2,438 Commercial real estate (non-owner occupied) - retail 3,488 — — (37) 3,451 Commercial real estate (non-owner occupied) - multi-family 1,430 — 3 (10) 1,423 Other commercial real estate (non-owner occupied) 3,428 — 8 1,205 4,641 Residential mortgages 1,021 — 5 (174) 852 Consumer 1,127 (196) 65 187 1,183 Total $ 15,053 $ (620) $ 132 $ (145) $ 14,420 Nine months ended September 30, 2023 Balance at Impact of Adopting Charge- Provision Balance at December 31, 2022 ASC 326 Offs Recoveries (Recovery) September 30, 2023 Commercial real estate (owner occupied) $ — $ 1,380 $ — $ 18 $ 146 $ 1,544 Other commercial and industrial — 2,908 (75) 2 (91) 2,744 Commercial real estate (non-owner occupied) - retail — 1,432 — — 94 1,526 Commercial real estate (non-owner occupied) - multi-family — 1,226 — 5 (56) 1,175 Other commercial real estate (non-owner occupied) 5,972 (2,776) — 11 (24) 3,183 Commercial (owner occupied real estate and other) 2,653 (2,653) — — — — Residential mortgages 1,380 (355) (54) 12 44 1,027 Consumer 85 695 (210) 104 440 1,114 Allocation for general risk 653 (653) — — — — Total $ 10,743 $ 1,204 $ (339) $ 152 $ 553 $ 12,313
Schedule of loan portfolio and allowance for credit losses	The following tables summarize the loan portfolio and allowance for credit losses (in thousands). At September 30, 2024 Commercial real estate (owner occupied) Other commercial and industrial Commercial real estate (non-owner occupied) - retail Commercial real estate (non-owner occupied) - multi-family Other commercial real estate (non-owner occupied) Residential mortgages Consumer Total Loans: Individually evaluated $ 158 $ 1,477 $ — $ — $ 10,411 $ 513 $ 11 $ 12,570 Collectively evaluated 80,353 138,281 168,676 123,369 231,108 178,784 106,497 1,027,068 Total loans $ 80,511 $ 139,758 $ 168,676 $ 123,369 $ 241,519 $ 179,297 $ 106,508 $ 1,039,638 Allowance for credit losses: Specific reserve allocation $ — $ 277 $ — $ — $ 1,582 $ — $ — $ 1,859 General reserve allocation 432 2,161 3,451 1,423 3,059 852 1,183 12,561 Total allowance for credit losses $ 432 $ 2,438 $ 3,451 $ 1,423 $ 4,641 $ 852 $ 1,183 $ 14,420 At December 31, 2023 Commercial real estate (owner occupied) Other commercial and industrial Commercial real estate (non-owner occupied) - retail Commercial real estate (non-owner occupied) - multi-family Other commercial real estate (non-owner occupied) Residential mortgages Consumer Total Loans: 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 Allowance for credit losses: 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
Schedule of amortized cost basis of collateral-dependent non-accrual loans	The following tables present the amortized cost basis of collateral-dependent loans by class of loans (in thousands). Collateral Type September 30, 2024 Real Estate Commercial: Commercial real estate (owner occupied) $ 158 Commercial real estate (non-owner occupied): Other 10,411 Residential mortgages 513 Consumer 11 Total $ 11,093 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 from the loan portfolio	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 September 30, 2024 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) $ 158 $ — $ 158 $ — $ — $ 158 Other commercial and industrial — 1,477 1,477 — 263 1,740 Commercial real estate (non-owner occupied) - retail — — — — — — Commercial real estate (non-owner occupied) - multi-family — — — — — — Other commercial real estate (non-owner occupied) 6,849 — 6,849 — 1,476 8,325 Residential mortgages 513 75 588 12 15 615 Consumer 11 724 735 — 96 831 Total $ 7,531 $ 2,276 $ 9,807 $ 12 $ 1,850 $ 11,669 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
Schedule of Commercial and commercial real estate loan portfolios	The following tables present the classes of the commercial and commercial real estate loan portfolios summarized by the aggregate pass and the criticized categories of special mention, substandard and doubtful within the internal risk rating system. At September 30, 2024 Revolving Revolving Loans Loans Amortized Converted Term Loans Amortized Cost Basis by Origination Year Cost to 2024 2023 2022 2021 2020 Prior Basis Term Total (In Thousands) Commercial real estate (owner occupied) Pass $ 3,944 $ 17,674 $ 6,105 $ 8,752 $ 10,836 $ 27,617 $ 383 $ 881 $ 76,192 Special Mention — — — 3,667 — — — — 3,667 Substandard 47 — — — — 605 — — 652 Doubtful — — — — — — — — — Total $ 3,991 $ 17,674 $ 6,105 $ 12,419 $ 10,836 $ 28,222 $ 383 $ 881 $ 80,511 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial and industrial Pass $ 10,278 $ 20,124 $ 22,597 $ 7,951 $ 4,878 $ 20,559 $ 48,051 $ — $ 134,438 Special Mention — — — 1,808 — 473 1,000 — 3,281 Substandard — — 418 — — 1,441 180 — 2,039 Doubtful — — — — — — — — — Total $ 10,278 $ 20,124 $ 23,015 $ 9,759 $ 4,878 $ 22,473 $ 49,231 $ — $ 139,758 Current period gross charge-offs $ — $ — $ 424 $ — $ — $ — $ — $ — $ 424 Commercial real estate (non-owner occupied) - retail Pass $ 12,928 $ 39,137 $ 21,155 $ 32,227 $ 22,520 $ 39,423 $ 978 $ — $ 168,368 Special Mention — — 308 — — — — — 308 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 12,928 $ 39,137 $ 21,463 $ 32,227 $ 22,520 $ 39,423 $ 978 $ — $ 168,676 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate (non-owner occupied) - multi-family Pass $ 17,567 $ 27,106 $ 16,515 $ 16,951 $ 11,618 $ 30,938 $ 375 $ — $ 121,070 Special Mention — — — — — — — — — Substandard — — — — 928 1,371 — — 2,299 Doubtful — — — — — — — — — Total $ 17,567 $ 27,106 $ 16,515 $ 16,951 $ 12,546 $ 32,309 $ 375 $ — $ 123,369 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate (non-owner occupied) Pass $ 25,729 $ 31,043 $ 36,795 $ 43,339 $ 16,382 $ 65,932 $ 5,819 $ — $ 225,039 Special Mention — — — — — 3,561 — — 3,561 Substandard — — 625 199 — 12,095 — — 12,919 Doubtful — — — — — — — — — Total $ 25,729 $ 31,043 $ 37,420 $ 43,538 $ 16,382 $ 81,588 $ 5,819 $ — $ 241,519 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total by risk rating Pass $ 70,446 $ 135,084 $ 103,167 $ 109,220 $ 66,234 $ 184,469 $ 55,606 $ 881 $ 725,107 Special Mention — — 308 5,475 — 4,034 1,000 — 10,817 Substandard 47 — 1,043 199 928 15,512 180 — 17,909 Doubtful — — — — — — — — — Total $ 70,493 $ 135,084 $ 104,518 $ 114,894 $ 67,162 $ 204,015 $ 56,786 $ 881 $ 753,833 Current period gross charge-offs $ — $ — $ 424 $ — $ — $ — $ — $ — $ 424 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
Schedule of Residential and consumer portfolio	At September 30, 2024 Revolving Revolving Loans Loans Amortized Converted Term Loans Amortized Cost Basis by Origination Year Cost to 2024 2023 2022 2021 2020 Prior Basis Term Total (In Thousands) Residential mortgages Performing $ 11,697 $ 15,592 $ 10,618 $ 58,614 $ 42,342 $ 39,834 $ — $ — $ 178,697 Non-performing — — — — — 600 — — 600 Total $ 11,697 $ 15,592 $ 10,618 $ 58,614 $ 42,342 $ 40,434 $ — $ — $ 179,297 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ 8,783 $ 11,985 $ 17,657 $ 8,057 $ 2,660 $ 4,630 $ 51,343 $ 658 $ 105,773 Non-performing — 31 — — 62 380 262 — 735 Total $ 8,783 $ 12,016 $ 17,657 $ 8,057 $ 2,722 $ 5,010 $ 51,605 $ 658 $ 106,508 Current period gross charge-offs $ 2 $ 2 $ 21 $ 19 $ 12 $ 140 $ — $ — $ 196 Total by payment performance Performing $ 20,480 $ 27,577 $ 28,275 $ 66,671 $ 45,002 $ 44,464 $ 51,343 $ 658 $ 284,470 Non-performing — 31 — — 62 980 262 — 1,335 Total $ 20,480 $ 27,608 $ 28,275 $ 66,671 $ 45,064 $ 45,444 $ 51,605 $ 658 $ 285,805 Current period gross charge-offs $ 2 $ 2 $ 21 $ 19 $ 12 $ 140 $ — $ — $ 196 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
Schedule of Credit quality of the loan portfolio	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans. At September 30, 2024 30 – 59 60 – 89 DAYS DAYS 90+ DAYS TOTAL NON- TOTAL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE ACCRUAL LOANS (IN THOUSANDS) Commercial real estate (owner occupied) $ 80,353 $ — $ — $ — $ — $ 158 $ 80,511 Other commercial and industrial 137,637 644 — — 644 1,477 139,758 Commercial real estate (non-owner occupied) - retail 168,676 — — — — — 168,676 Commercial real estate (non-owner occupied) - multi-family 123,369 — — — — — 123,369 Other commercial real estate (non-owner occupied) 230,923 185 3,562 — 3,747 6,849 241,519 Residential mortgages 178,427 250 20 12 282 588 179,297 Consumer 105,025 733 15 — 748 735 106,508 Total $ 1,024,410 $ 1,812 $ 3,597 $ 12 $ 5,421 $ 9,807 $ 1,039,638 At December 31, 2023 30 – 59 60 – 89 DAYS DAYS 90+ DAYS TOTAL NON- TOTAL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE ACCRUAL LOANS (IN THOUSANDS) Commercial real estate (owner occupied) $ 88,960 $ — $ — $ — $ — $ 187 $ 89,147 Other commercial and industrial 156,971 526 22 211 759 1,694 159,424 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) 231,506 — — — — 8,780 240,286 Residential mortgages 173,497 437 18 — 455 718 174,670 Consumer 101,383 604 — — 604 788 102,775 Total $ 1,024,286 $ 1,567 $ 40 $ 211 $ 1,818 $ 12,167 $ 1,038,271
Schedule of modifications made to borrowers experiencing financial difficulty	The following tables summarize the amortized cost basis of loans modified to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 and 2023 (in thousands). Three and nine months ended September 30, 2024 Payment Delay Amortized Cost Basis % of Total Class of Loans Commercial real estate (owner occupied) $ 158 0.20 % Total $ 158 Combination - Term Extension and Payment Delay Amortized Cost Basis % of Total Class of Loans Other commercial and industrial $ 154 0.11 % Total $ 154 As of September 30, 2024, the modified loans described in the table above were current as to payments. The Company had no loans modified to borrowers experiencing financial difficulty during the three months ended September 30, 2023. Nine months ended September 30, 2023 Term Extension Amortized Cost Basis % of Total Class of Loans Other commercial and industrial $ 417 0.29 % Total $ 417 Combination - Interest Rate Reduction and Term Extension Amortized Cost Basis % of Total Class of Loans Other commercial real estate (non-owner occupied) $ 7,047 3.07 % Total $ 7,047 Three and nine months ended September 30, 2024 Payment Delay Loan Type Financial Effect Commercial real estate (owner occupied) Provided 60 months of additional amortization period to lower borrower's monthly payment. Combination - Term Extension and Payment Delay Loan Type Financial Effect Other commercial and industrial During the first and second quarters of 2024, provided a maturity date extension of ninety days and modified seasonal principal and interest payments to interest only until maturity. During the third quarter of 2024, provided the same borrower an additional maturity date extension of ninety days with continued interest only payments. Nine months ended September 30, 2023 Term Extension Loan Type Financial Effect Other commercial and industrial During the first quarter of 2023, provided five-month expiration date extension on non-accrual line of credit under which availability was eliminated. During the second quarter of 2023, provided the same borrower with a one-year maturity date extension. 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.

Short-Term Borrowings and Adv_2

Short-Term Borrowings and Advances from Federal Home Loan Bank (Tables)	9 Months Ended
	Sep. 30, 2024
Short-Term Borrowings and Advances from Federal Home Loan Bank
Schedule of federal home loan bank borrowings	Total short-term and Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages): At September 30, 2024 Weighted Type Maturing Amount Average Rate Open Repo Plus Overnight $ 11,760 5.18 % FHLB Advances 2024 2,037 3.29 2025 8,400 4.88 2026 17,270 4.27 2027 15,100 4.23 2028 11,745 4.46 Total FHLB advances 54,552 4.36 Total short-term and FHLB borrowings $ 66,312 4.50 % At December 31, 2023 Weighted Type Maturing Amount Average Rate Open Repo Plus Overnight $ 40,951 5.68 % FHLB Advances 2024 7,947 3.23 2025 2,000 4.43 2026 12,920 4.29 2027 10,950 4.33 2028 10,745 4.50 Total FHLB advances 44,562 4.17 Total short-term and FHLB borrowings $ 85,513 4.89 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Sep. 30, 2024
Accumulated Other Comprehensive Loss
Schedule of accumulated other comprehensive loss, net of tax	The following tables present the changes in each component of accumulated other comprehensive loss, net of tax, for the three and nine months ended September 30, 2024 and 2023 (in thousands): Three months ended September 30, 2024 Three months ended September 30, 2023 Net Net Unrealized Unrealized Gains and Gains and Losses on Defined Losses on Defined Investment Interest Benefit Investment Interest Benefit Securities Rate Pension Securities Rate Pension AFS (1) Hedge (1) Items (1) Total (1) AFS (1) Hedge (1) Items (1) Total (1) Beginning balance $ (14,090) $ 349 $ (3,848) $ (17,589) $ (17,049) $ 261 $ (7,582) $ (24,370) Other comprehensive income (loss) before reclassifications 3,966 (724) 726 3,968 (2,700) 443 (23) (2,280) Amounts reclassified from accumulated other comprehensive loss — (162) 27 (135) — (127) 23 (104) Net current period other comprehensive income (loss) 3,966 (886) 753 3,833 (2,700) 316 — (2,384) Ending balance $ (10,124) $ (537) $ (3,095) $ (13,756) $ (19,749) $ 577 $ (7,582) $ (26,754) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. Nine months ended September 30, 2024 Nine months ended September 30, 2023 Net Net Unrealized Unrealized Gains and Gains and Losses on Defined Losses on Defined Investment Interest Benefit Investment Interest Benefit Securities Rate Pension Securities Rate Pension AFS (1) Hedge (1) Items (1) Total (1) AFS (1) Hedge (1) Items (1) Total (1) Beginning balance $ (13,730) $ (352) $ (5,894) $ (19,976) $ (14,938) $ — $ (7,582) $ (22,520) Other comprehensive income (loss) before reclassifications 3,606 292 2,475 6,373 (4,811) 798 (23) (4,036) Amounts reclassified from accumulated other comprehensive loss — (477) 324 (153) — (221) 23 (198) Net current period other comprehensive income (loss) 3,606 (185) 2,799 6,220 (4,811) 577 — (4,234) Ending balance $ (10,124) $ (537) $ (3,095) $ (13,756) $ (19,749) $ 577 $ (7,582) $ (26,754) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets.
Schedule of reclassification out of accumulated other comprehensive loss	The following tables present the amounts reclassified out of each component of accumulated other comprehensive loss for the three and nine months ended September 30, 2024 and 2023 (in thousands): Amount reclassified from accumulated other comprehensive loss (1) For the three For the three Details about accumulated other months ended months ended Affected line item in the comprehensive loss components September 30, 2024 September 30, 2023 statement of operations Interest rate hedge $ (205) $ (161) Interest expense - Deposits 43 34 Provision for income taxes $ (162) $ (127) Amortization of estimated defined benefit pension plan loss (2) $ 34 $ 29 Other expense (7) (6) Provision for income taxes $ 27 $ 23 Total reclassifications for the period $ (135) $ (104) Amount reclassified from accumulated other comprehensive loss (1) For the nine For the nine Details about accumulated other months ended months ended Affected line item in the comprehensive loss components September 30, 2024 September 30, 2023 statement of operations Interest rate hedge $ (604) $ (280) Interest expense - Deposits 127 59 Provision for income taxes $ (477) $ (221) Amortization of estimated defined benefit pension plan loss (2) $ 410 $ 29 Other expense (86) (6) Provision for income taxes $ 324 $ 23 Total reclassifications for the period $ (153) $ (198) (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 15 for additional details).

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
Regulatory Capital (Tables)	Sep. 30, 2024
Regulatory Capital
Schedule of compliance with regulatory capital requirements under banking regulations	At September 30, 2024 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) $ 149,354 12.87 % $ 136,017 11.76 % 8.00 % 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) 108,245 9.33 121,548 10.51 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 108,245 9.33 121,548 10.51 6.00 8.00 Tier 1 Capital (To Average Assets) 108,245 7.75 121,548 8.77 4.00 5.00 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 * Applies to the Bank only.

Derivative Hedging Instruments

Derivative Hedging Instruments (Tables)	9 Months Ended
Derivative Hedging Instruments (Tables)	Sep. 30, 2024
Derivative Hedging Instruments
Schedule of interest rate swap transactions	The following table summarizes the interest rate swap transactions that impacted the Company’s first nine months of 2024 and 2023 performance (in thousands, except percentages). At September 30, 2024 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY INCOME Swap assets N/A $ 67,135 7.67 % Monthly $ 1,573 Swap liabilities N/A (67,135) (7.67) Monthly (1,573) Net exposure $ — — % $ — At September 30, 2023 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY INCOME Swap assets N/A $ 64,564 7.39 % Monthly $ 1,514 Swap liabilities N/A (64,564) (7.39) Monthly (1,514) 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 three and nine months ended September 30, 2024 and 2023 (in thousands). Three months ended September 30, 2024 Derivatives in Cash Flow Hedging Relationships Amount Recognized in Other Comprehensive Income (Loss) on Derivative Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss Amount Reclassified from Accumulated Other Comprehensive Loss Interest rate hedge $ (1,122) Interest expense - Deposits $ (205) Total $ (1,122) $ (205) Three months ended September 30, 2023 Derivatives in Cash Flow Hedging Relationships Amount Recognized in Other Comprehensive Income (Loss) on Derivative Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss Amount Reclassified from Accumulated Other Comprehensive Loss Interest rate hedge $ 400 Interest expense - Deposits $ (161) Total $ 400 $ (161) Nine months ended September 30, 2024 Derivatives in Cash Flow Hedging Relationships Amount Recognized in Other Comprehensive Income (Loss) on Derivative Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss Amount Reclassified from Accumulated Other Comprehensive Loss Interest rate hedge $ (235) Interest expense - Deposits $ (604) Total $ (235) $ (604) Nine months ended September 30, 2023 Derivatives in Cash Flow Hedging Relationships Amount Recognized in Other Comprehensive Income (Loss) on Derivative Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss Amount Reclassified from Accumulated Other Comprehensive Loss Interest rate hedge $ 733 Interest expense - Deposits $ (280) Total $ 733 $ (280)

Segment Results (Tables)

Segment Results (Tables)	9 Months Ended
Segment Results (Tables)	Sep. 30, 2024
Segment Results
Schedule of business segments	The contribution of the major business segments to the Consolidated Statements of Operations for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Three months ended Nine months ended September 30, 2024 September 30, 2024 Total revenue Net income (loss) Total revenue Net income (loss) Community banking $ 14,344 $ 4,499 $ 43,261 $ 13,484 Wealth management 3,049 673 9,373 2,132 Investment/Parent (4,303) (3,989) (12,603) (12,904) Total $ 13,090 $ 1,183 $ 40,031 $ 2,712 Three months ended Nine months ended September 30, 2023 September 30, 2023 Total revenue Net income (loss) Total revenue Net income (loss) Community banking $ 14,285 $ 4,340 $ 41,314 $ 12,165 Wealth management 2,845 487 8,383 907 Investment/Parent (4,075) (4,180) (8,641) (11,097) Total $ 13,055 $ 647 $ 41,056 $ 1,975

Pension Benefits (Tables)

Pension Benefits (Tables)	9 Months Ended
Pension Benefits (Tables)	Sep. 30, 2024
Pension Benefits
Schedule of net periodic pension cost	The net periodic pension cost for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 COMPONENTS OF NET PERIODIC BENEFIT COST: Service cost $ 211 $ 327 $ 628 $ 841 Interest cost 369 514 1,173 1,384 Expected return on plan assets (1,051) (1,124) (3,119) (3,192) Amortization of net loss — 29 — 29 Settlement charge 34 — 410 — Net periodic pension benefit $ (437) $ (254) $ (908) $ (938)

Disclosures about Fair Value _2

Disclosures about Fair Value Measurements and Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Disclosures about Fair Value Measurements and Financial Instruments
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 September 30, 2024 and December 31, 2023, by level within the fair value hierarchy (in thousands). Fair Value Measurements at September 30, 2024 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities (1) $ 346 $ 346 $ — $ — Available for sale securities: U.S. Agency 4,857 — 4,857 — U.S. Agency mortgage-backed securities 93,611 — 93,611 — Municipal 8,674 — 8,674 — Corporate bonds 57,449 — 57,449 — Interest rate swap asset (1) 2,727 — 2,727 — Interest rate swap liability (2) (2,787) — (2,787) — Interest rate hedge (2) (679) — (679) — Risk participation agreement (2) (422) — (422) — 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 swap liability (2) (4,665) — (4,665) — Interest rate hedge (2) (446) — (446) — Risk participation agreement (2) (410) — (410) — (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 September 30, 2024 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Individually evaluated loans $ 1,980 $ — $ — $ 1,980 Other real estate owned and repossessed assets 1,850 — — 1,850 Fair Value Measurements December 31, 2023 TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Other real estate owned and repossessed assets $ 15 $ — $ — $ 15 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable September 30, 2024 Fair Value Techniques Input Range (Wgtd Avg) Individually evaluated loans $ 1,980 Appraisal of collateral (1) Appraisal adjustments (2) 10% (10%) Other real estate owned and repossessed assets 1,850 Appraisal of collateral (1) Appraisal adjustments (2) 18% to 76% (26%) Liquidation expenses 0% to 33% (4%) 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 collateral (1) Appraisal adjustments (2) 63% (63%) Liquidation expenses 33% (33%) (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions.
Schedule of estimated fair value and recorded carrying value	September 30, 2024 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (In Thousands) FINANCIAL ASSETS: Investment securities – HTM $ 65,451 $ 61,890 $ — $ 60,959 $ 931 Loans held for sale 783 803 803 — — Loans, net of allowance for credit losses and unearned income 1,025,218 972,404 — — 972,404 FINANCIAL LIABILITIES: Deposits with stated maturities 337,468 337,198 — — 337,198 All other borrowings (1) 81,268 80,878 — — 80,878 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 (1) All other borrowings include advances from Federal Home Loan Bank and subordinated debt.

Principles of Consolidation (De

Principles of Consolidation (Details) $ in Billions	9 Months Ended
Principles of Consolidation (Details) $ in Billions	Sep. 30, 2024 USD ($) location	Dec. 31, 2023 USD ($)
Principles of Consolidation
Number of locations in Pennsylvania	15
Number of locations in state Maryland	1
Assets under Management, Carrying Amount \| $	$ 2.6	$ 2.5

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Non-interest income (in-scope of Topic 606)	$ 3,879	$ 3,710	$ 11,811	$ 10,780
Non-interest income (out-of-scope of Topic 606)	324	546	1,711	2,845
Total Non-Interest Income	4,203	4,256	13,522	13,625
Wealth management fees
Non-interest income (in-scope of Topic 606)	3,050	2,845	9,375	8,372
Service charges on deposit accounts
Non-interest income (in-scope of Topic 606)	304	311	890	857
Other
Non-interest income (in-scope of Topic 606)	$ 525	$ 554	$ 1,546	$ 1,551

Revenue Recognition - Additiona

Revenue Recognition - Additional information (Details)	9 Months Ended
Revenue Recognition - Additional information (Details)	Sep. 30, 2024 USD ($)
Percentage of entity revenue	81.20%
Other assets
Wealth management fees receivable	$ 850,000

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income	$ 1,183	$ 647	$ 2,712	$ 1,975
Denominator:
Weighted average common shares outstanding (basic) (in shares)	16,519	17,147	16,897	17,142
Effect of stock options				4
Weighted average common shares outstanding (diluted) (in shares)	16,519	17,147	16,897	17,146
Earnings per common share:
Basic (in dollars per share)	$ 0.07	$ 0.04	$ 0.16	$ 0.12
Diluted (in dollars per share)	$ 0.07	$ 0.04	$ 0.16	$ 0.12

Earnings Per Common Share - Add

Earnings Per Common Share - Additional information (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive securities excluded from computation of earnings per share, amount	204,000	287,500	204,000	177,000
Maximum
Exercise price	$ 4.22	$ 4.22	$ 4.22	$ 4.22
Minimum
Exercise price	$ 2.96	$ 2.96	$ 2.96	$ 3.32

Consolidated Statement of Cas_2

Consolidated Statement of Cash Flows - Additional information (Details)	9 Months Ended
	Sep. 30, 2024 USD ($) lease	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)
Income tax refund	$ 1,100,000
Income tax payments		$ 500,000
Total interest payments	23,761,000	15,392,000
Non-cash transfers to other real estate owned	1,930,000	0
Operating lease liabilities	1,615,000			$ 658,000
Operating lease right-of-use asset	$ 1,595,000			646,000
Number of financing leases terminated \| lease	2
Finance lease right of use asset, write off	$ 141,000
Finance lease liability, write off	141,000
Less: Allowance for credit losses	14,420,000	12,313,000	$ 14,611,000	15,053,000	$ 12,221,000		$ 10,743,000
Held to maturity, allowance for credit losses	88,000	32,000	$ 100,000	37,000	$ 109,000
Allowance for credit losses	936,000			$ 940,000
Operating lease relating to office location
Operating lease liabilities	1,100,000
Operating lease right-of-use asset	1,100,000
Financing lease relating to office location
Operating lease liabilities	298,000	147,000
Operating lease right-of-use asset	$ 298,000	$ 147,000
ASU 2016-13
Less: Allowance for credit losses						$ 1,200,000
Held to maturity, allowance for credit losses						114,000
Unfunded Loan Commitment \| ASU 2016-13
Allowance for credit losses						$ 177,000

Investment Securities - Cost ba

Investment Securities - Cost basis and fair values of investment securities (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	$ 177,767,000		$ 184,018,000
Investment securities available for sale, Gross Unrealized Gains	444,000		226,000
Investment securities available for sale, Gross Unrealized Losses	(13,260,000)		(17,607,000)
Investment securities available for sale, Allowance for credit losses	(360,000)	$ (360,000)	(926,000)	$ (926,000)	$ (926,000)
Available for Sale, Fair Value	164,591,000		165,711,000
Investment securities held to maturity, Cost Basis	65,451,000		63,979,000
Investment securities held to maturity, Gross Unrealized Gains	201,000		49,000
Investment securities held to maturity, Gross Unrealized Losses	(3,762,000)		(5,407,000)
Investment securities held to maturity, Fair value	61,890,000		58,621,000
Investment securities held to maturity, Allowance for credit losses	(88,000)	(100,000)	(37,000)	(32,000)	(109,000)
U.S. Agency
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	5,404,000		6,035,000
Investment securities available for sale, Gross Unrealized Losses	(547,000)		(696,000)
Available for Sale, Fair Value	4,857,000		5,339,000
Investment securities held to maturity, Cost Basis	2,500,000		2,500,000
Investment securities held to maturity, Gross Unrealized Losses	(284,000)		(379,000)
Investment securities held to maturity, Fair value	2,216,000		2,121,000
Investment securities held to maturity, Allowance for credit losses	0
U.S. Agency mortgage-backed securities
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	103,083,000		104,820,000
Investment securities available for sale, Gross Unrealized Gains	307,000		179,000
Investment securities available for sale, Gross Unrealized Losses	(9,779,000)		(11,924,000)
Available for Sale, Fair Value	93,611,000		93,075,000
Investment securities held to maturity, Cost Basis	27,015,000		24,222,000
Investment securities held to maturity, Gross Unrealized Gains	187,000		49,000
Investment securities held to maturity, Gross Unrealized Losses	(1,649,000)		(2,058,000)
Investment securities held to maturity, Fair value	25,553,000		22,213,000
Investment securities held to maturity, Allowance for credit losses	0
Municipal
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	9,163,000		11,159,000
Investment securities available for sale, Gross Unrealized Gains	4,000		1,000
Investment securities available for sale, Gross Unrealized Losses	(493,000)		(800,000)
Available for Sale, Fair Value	8,674,000		10,360,000
Investment securities held to maturity, Cost Basis	32,521,000		32,787,000
Investment securities held to maturity, Gross Unrealized Gains	14,000
Investment securities held to maturity, Gross Unrealized Losses	(1,752,000)		(2,797,000)
Investment securities held to maturity, Fair value	30,783,000		29,990,000
Investment securities held to maturity, Allowance for credit losses	(2,000)	(2,000)	(2,000)	(2,000)	(2,000)
Corporate bonds
Information concerning investments with unrealized gains and losses
Investment securities available for sale, Cost Basis	60,117,000		62,004,000
Investment securities available for sale, Gross Unrealized Gains	133,000		46,000
Investment securities available for sale, Gross Unrealized Losses	(2,441,000)		(4,187,000)
Investment securities available for sale, Allowance for credit losses	(360,000)	(360,000)	(926,000)	(926,000)	(926,000)
Available for Sale, Fair Value	57,449,000		56,937,000
Corporate bonds and other securities
Information concerning investments with unrealized gains and losses
Investment securities held to maturity, Cost Basis	3,415,000		4,470,000
Investment securities held to maturity, Gross Unrealized Losses	(77,000)		(173,000)
Investment securities held to maturity, Fair value	3,338,000		4,297,000
Investment securities held to maturity, Allowance for credit losses	$ (86,000)	$ (98,000)	$ (35,000)	$ (30,000)	$ (107,000)

Investment Securities - Total i

Investment Securities - Total investment securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	$ 10,170
Available for Sale, Cost Basis, After 1 year but within 5 years	31,486
Available for Sale, Cost Basis, After 5 years but within 10 years	37,767
Available for Sale, Cost Basis, Over 10 years	98,344
Investment securities available for sale, Cost Basis	177,767	$ 184,018
Available for Sale, Fair Value, Within 1 year	10,135
Available for Sale, Fair Value, After 1 year but within 5 years	30,353
Available for Sale, Fair Value, After 5 years but within 10 years	35,346
Available for Sale, Fair Value, Over 10 years	88,757
Available for Sale, Fair Value	164,591	165,711
Held to Maturity, Cost Basis, Within 1 year	3,541
Held to Maturity, Cost Basis, After 1 year but within 5 years	14,606
Held to Maturity, Cost Basis, After 5 years but within 10 years	19,746
Held to Maturity, Cost Basis, Over 10 years	27,558
Investment securities held to maturity, Cost Basis	65,451	63,979
Held to Maturity, Fair Value, Within 1 year	3,516
Held to Maturity, Fair Value, After 1 year but within 5 years	14,321
Held to Maturity, Fair Value, After 5 years but within 10 years	18,060
Held to Maturity, Fair Value, Over 10 years	25,993
Held to Maturity, Fair Value, Total	61,890	58,621
U.S. Agency
Contractual maturities of securities
Investment securities available for sale, Cost Basis	5,404	6,035
Available for Sale, Fair Value	4,857	5,339
Investment securities held to maturity, Cost Basis	2,500	2,500
Held to Maturity, Fair Value, Total	2,216	2,121
U.S. Agency mortgage-backed securities
Contractual maturities of securities
Investment securities available for sale, Cost Basis	103,083	104,820
Available for Sale, Fair Value	93,611	93,075
Investment securities held to maturity, Cost Basis	27,015	24,222
Held to Maturity, Fair Value, Total	25,553	22,213
Municipal
Contractual maturities of securities
Investment securities available for sale, Cost Basis	9,163	11,159
Available for Sale, Fair Value	8,674	10,360
Investment securities held to maturity, Cost Basis	32,521	32,787
Held to Maturity, Fair Value, Total	30,783	29,990
Corporate bonds and other securities
Contractual maturities of securities
Investment securities held to maturity, Cost Basis	3,415	4,470
Held to Maturity, Fair Value, Total	3,338	4,297
Corporate bonds
Contractual maturities of securities
Investment securities available for sale, Cost Basis	60,117	62,004
Available for Sale, Fair Value	$ 57,449	$ 56,937

Investment Securities - Informa

Investment Securities - Information concerning investments with unrealized losses (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	$ 2,876
Less than 12 months, Unrealized Losses	(46)
12 months or longer, Fair Value	117,126
12 months or longer, Unrealized Losses	(13,214)
Total, Fair Value	120,002
Total, Unrealized Losses	(13,260)
US Government Agencies Debt Securities [Member]
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
12 months or longer, Fair Value	4,857
12 months or longer, Unrealized Losses	(547)
Total, Fair Value	4,857
Total, Unrealized Losses	(547)
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
12 months or longer, Fair Value	67,990
12 months or longer, Unrealized Losses	(9,779)
Total, Fair Value	67,990
Total, Unrealized Losses	(9,779)
Municipal Bonds [Member]
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
12 months or longer, Fair Value	8,430
12 months or longer, Unrealized Losses	(493)
Total, Fair Value	8,430
Total, Unrealized Losses	(493)
Corporate bonds
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	2,876
Less than 12 months, Unrealized Losses	(46)
12 months or longer, Fair Value	35,849
12 months or longer, Unrealized Losses	(2,395)
Total, Fair Value	38,725
Total, Unrealized Losses	$ (2,441)

Investment Securities - Allowan

Investment Securities - Allowance for credit losses of available for sale securities by major security type (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 926,000
Charge-Offs	(491,000)
Recoveries	75,000
Provisions (Recovery)	(75,000)	$ 926,000
Ending Balance	360,000	926,000
Corporate bonds
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Beginning Balance	926,000
Charge-Offs	(491,000)
Provisions (Recovery)	(75,000)	926,000
Ending Balance	$ 360,000	$ 926,000

Investment Securities - Allow_2

Investment Securities - Allowance for credit losses of held to maturity securities by major security type (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of Held-to-Maturity Securities [Line Items]
Beginning Balance	$ 100,000	$ 109,000	$ 37,000
Provision (Recovery)	(12,000)	(77,000)	51,000	$ (82,000)
Ending Balance	88,000	32,000	88,000	32,000
Cumulative Effect, Period of Adoption, Adjustment
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		0
U.S. Agency mortgage-backed securities
Schedule of Held-to-Maturity Securities [Line Items]
Ending Balance	0		0
Municipal
Schedule of Held-to-Maturity Securities [Line Items]
Beginning Balance	2,000	2,000	2,000
Provision (Recovery)				(1,000)
Ending Balance	2,000	2,000	2,000	2,000
Municipal \| Cumulative Effect, Period of Adoption, Adjustment
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]
Beginning Balance	98,000	107,000	35,000
Provision (Recovery)	(12,000)	(77,000)	51,000	(81,000)
Ending Balance	$ 86,000	$ 30,000	$ 86,000	30,000
Corporate bonds and other securities \| Cumulative Effect, Period of Adoption, Adjustment
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	Sep. 30, 2024	Dec. 31, 2023
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	$ 65,451	$ 63,979
AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	64,036
Unrated
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	1,415
U.S. Agency
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	2,500	2,500
U.S. Agency \| AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	2,500
U.S. Agency mortgage-backed securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	27,015	24,222
U.S. Agency mortgage-backed securities \| AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	27,015
Municipal
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	32,521	32,787
Municipal \| AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	32,521
Corporate bonds and other securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	3,415	$ 4,470
Corporate bonds and other securities \| AAA/AA/A
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	2,000
Corporate bonds and other securities \| Unrated
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held to maturity, Cost Basis	$ 1,415

Investment Securities - Additio

Investment Securities - Additional information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
Investment Securities - Additional information (Details)	Sep. 30, 2024 USD ($) position security	Mar. 31, 2024 USD ($)	Sep. 30, 2024 USD ($) position security	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) security	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Investment Securities:
Held to maturity securities, fair value	$ 61,890,000		$ 61,890,000		$ 58,621,000
The weighted average duration of the total investment securities portfolio			43 months 21 days		49 months 12 days
Proceeds from sales of investment securities - available for sale	0		$ 935,000	$ 0
Book value of securities available for sale and held to maturity	137,120,000		137,120,000		$ 135,624,000
Accrued interest receivable on available for sale debt securities	1,100,000		1,100,000		988,000
Gross investment gains			$ 0
Premium percentage on mortgage backed securities purchased			100.70%
Unrealized loss on equity securities			$ 0
Held to maturity, allowance for credit losses	88,000		88,000	32,000	37,000	$ 100,000	$ 109,000
Accrued interest receivable on held to maturity debt securities	439,000		439,000		388,000
Held to maturity debt securities in non-accrual	0		0		0
Charge-off resulted from sale of securities			491,000
Provision for credit losses recovery recognized			75,000
Available for Sale Securities, allowance for credit losses	$ 360,000		$ 360,000	926,000	$ 926,000	360,000	926,000
Number of available for sale debt securities in non accrual status \| security	1		1		1
Available-for-Sale debt securities in non-accrual	$ 1,000,000		$ 1,000,000		$ 926,000
Unpaid interest	73,000		$ 73,000	17,000
Percentage of unrealized loss position for less than 12 months			1.60%
Percentage of unrealized loss position for greater than 12 months			10.10%
Debt Securities, Available-for-Sale, Realized Gain (Loss)			$ 0
U.S. Agency
Investment Securities:
Held to maturity securities, fair value	2,216,000		2,216,000		2,121,000
Held to maturity, allowance for credit losses	$ 0		$ 0
Unrealized loss position for greater than 12 months, Number of positions \| position	6		6
U.S. Agency mortgage-backed securities
Investment Securities:
Held to maturity securities, fair value	$ 25,553,000		$ 25,553,000		22,213,000
Held to maturity, allowance for credit losses	$ 0		$ 0
Unrealized loss position for greater than 12 months, Number of positions \| position	130		130
Municipal
Investment Securities:
Held to maturity securities, fair value	$ 30,783,000		$ 30,783,000		29,990,000
Held to maturity, allowance for credit losses	$ 2,000		$ 2,000	2,000	2,000	2,000	2,000
Unrealized loss position for greater than 12 months, Number of positions \| position	26		26
Corporate bonds
Investment Securities:
Charge-off resulted from sale of securities			$ 491,000
Available for Sale Securities, allowance for credit losses	$ 360,000		$ 360,000	$ 926,000	$ 926,000	$ 360,000	$ 926,000
Unrealized loss position for less than 12 months, Number of positions \| position	4		4
Unrealized loss position for greater than 12 months, Number of positions \| position	74		74
Subordinated debt investment
Investment Securities:
Charge-off resulted from sale of securities		$ 491,000
Provision for credit losses recovery recognized		$ 435,000
Standard & Poor's, AAA Rating [Member]
INVESTMENT SECURITIES
Portfolio rated	57.20%		57.20%		55.90%
Securities rated below A
INVESTMENT SECURITIES
Portfolio rated	14.50%		14.50%		15.10%
Maximum
Investment Securities:
The weighted average duration of the total investment securities portfolio			60 months

Loans - Loan Portfolio (Details

Loans - Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loans
Total loan	$ 1,039,638	$ 1,038,271
Other commercial and industrial
Loans
Total loan	139,758	159,424
Other commercial real estate (non-owner occupied)
Loans
Total loan	241,519	240,286
Residential mortgages
Loans
Total loan	179,297	174,670
Consumer
Loans
Total loan	11
Commercial
Loans
Total loan	753,833	760,826
Commercial \| Commercial real estate (owner occupied)
Loans
Total loan	80,511	89,147
Commercial \| Other commercial and industrial
Loans
Total loan	139,758	159,424
Commercial \| Commercial real estate (non-owner occupied) - retail
Loans
Total loan	168,676	161,961
Commercial \| Commercial real estate (non-owner occupied) - multi-family
Loans
Total loan	123,369	110,008
Commercial \| Other commercial real estate (non-owner occupied)
Loans
Total loan	241,519	240,286
Consumer
Loans
Total loan	285,805	277,445
Consumer \| Commercial real estate (non-owner occupied) - multi-family
Loans
Total loan		110,008
Consumer \| Residential mortgages
Loans
Total loan	179,297	174,670
Consumer \| Consumer
Loans
Total loan	$ 106,508	$ 102,775

Loans - Additional information

Loans - Additional information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loans
Accrued interest receivable	$ 4,300	$ 4,200
Real estate-construction loans, percentage	3.10%	3.40%
Loan balances net of unearned income	$ 496	$ 483

Allowance for Credit Losses -_3

Allowance for Credit Losses - Loans - Allowance for credit losses by loan portfolio segment (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	$ 14,420,000	$ 12,313,000	$ 14,420,000	$ 12,313,000	$ 15,053,000	$ 14,611,000	$ 12,221,000		$ 10,743,000
Charge-Offs	(204,000)	(170,000)	(620,000)	(339,000)
Recoveries	48,000	44,000	132,000	152,000
Provision (Recovery)	(35,000)	218,000	(145,000)	553,000
ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans								$ 1,200,000
Cumulative Effect, Period of Adoption, Adjustment \| 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	2,438,000	2,744,000	2,438,000	2,744,000	3,030,000	2,678,000	2,849,000
Charge-Offs	(132,000)	(75,000)	(424,000)	(75,000)
Recoveries	12,000		33,000	2,000
Provision (Recovery)	(120,000)	(30,000)	(201,000)	(91,000)
Other commercial and industrial \| Cumulative Effect, Period of Adoption, Adjustment \| 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	4,641,000	3,183,000	4,641,000	3,183,000	3,428,000	4,665,000	3,087,000		5,972,000
Recoveries	3,000	4,000	8,000	11,000
Provision (Recovery)	(27,000)	92,000	1,205,000	(24,000)
Other commercial real estate (non-owner occupied) \| Cumulative Effect, Period of Adoption, Adjustment \| ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans		(2,776,000)		(2,776,000)
Residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	852,000	1,027,000	852,000	1,027,000	1,021,000	852,000	1,037,000		1,380,000
Charge-Offs		(54,000)		(54,000)
Recoveries	2,000	9,000	5,000	12,000
Provision (Recovery)	(2,000)	35,000	(174,000)	44,000
Residential mortgages \| Cumulative Effect, Period of Adoption, Adjustment \| 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
Allocation for general risk \| Cumulative Effect, Period of Adoption, Adjustment \| 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			(424,000)		(3,312,000)
Commercial \| Commercial real estate (owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	432,000	1,544,000	432,000	1,544,000	1,529,000	371,000	1,517,000
Recoveries	6,000	6,000	18,000	18,000
Provision (Recovery)	55,000	21,000	(1,115,000)	146,000
Commercial \| Commercial real estate (owner occupied) \| Cumulative Effect, Period of Adoption, Adjustment \| 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]
Charge-Offs			(424,000)		(480,000)
Commercial \| Commercial real estate (non-owner occupied) - retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	3,451,000	1,526,000	3,451,000	1,526,000	3,488,000	3,519,000	1,477,000
Charge-Offs					(2,028,000)
Provision (Recovery)	(68,000)	49,000	(37,000)	94,000
Commercial \| Commercial real estate (non-owner occupied) - retail \| Cumulative Effect, Period of Adoption, Adjustment \| 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	1,423,000	1,175,000	1,423,000	1,175,000	1,430,000	1,370,000	1,145,000
Recoveries		2,000	3,000	5,000
Provision (Recovery)	53,000	28,000	(10,000)	(56,000)
Commercial \| Commercial real estate (non-owner occupied) - multi-family \| Cumulative Effect, Period of Adoption, Adjustment \| 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]
Charge-Offs					(804,000)
Commercial \| Commercial (owner occupied real estate and other)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans									2,653,000
Commercial \| Commercial (owner occupied real estate and other) \| Cumulative Effect, Period of Adoption, Adjustment \| 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			(196,000)		(329,000)
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
Consumer \| Residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-Offs					(54,000)
Consumer \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses - Loans	1,183,000	1,114,000	1,183,000	1,114,000	1,127,000	$ 1,156,000	$ 1,109,000		$ 85,000
Charge-Offs	(72,000)	(41,000)	(196,000)	(210,000)	$ (275,000)
Recoveries	25,000	23,000	65,000	104,000
Provision (Recovery)	$ 74,000	23,000	$ 187,000	440,000
Consumer \| Consumer \| Cumulative Effect, Period of Adoption, Adjustment \| 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	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Loans:
Individually evaluated	$ 12,570		$ 10,834
Collectively evaluated	1,027,068		1,027,437
Total loans	1,039,638		1,038,271
Allowance for loan losses:
Specific reserve allocation	1,859		414
General reserve allocation	12,561		14,639
Total allowance for credit losses	14,420	$ 14,611	15,053	$ 12,313	$ 12,221	$ 10,743
Other commercial and industrial
Loans:
Individually evaluated	1,477		1,694
Collectively evaluated	138,281		157,730
Total loans	139,758		159,424
Allowance for loan losses:
Specific reserve allocation	277		414
General reserve allocation	2,161		2,616
Total allowance for credit losses	2,438	2,678	3,030	2,744	2,849
Other commercial real estate (non-owner occupied)
Loans:
Individually evaluated	10,411		8,780
Collectively evaluated	231,108		231,506
Total loans	241,519		240,286
Allowance for loan losses:
Specific reserve allocation	1,582		0
General reserve allocation	3,059		3,428
Total allowance for credit losses	4,641	4,665	3,428	3,183	3,087	5,972
Residential mortgages
Loans:
Individually evaluated	513		173
Collectively evaluated	178,784		174,497
Total loans	179,297		174,670
Allowance for loan losses:
Specific reserve allocation	0		0
General reserve allocation	852		1,021
Total allowance for credit losses	852	852	1,021	1,027	1,037	1,380
Consumer
Loans:
Total loans	11
Commercial
Loans:
Total loans	753,833		760,826
Commercial \| Commercial real estate (owner occupied)
Loans:
Individually evaluated	158		187
Collectively evaluated	80,353		88,960
Total loans	80,511		89,147
Allowance for loan losses:
Specific reserve allocation	0		0
General reserve allocation	432		1,529
Total allowance for credit losses	432	371	1,529	1,544	1,517
Commercial \| Other commercial and industrial
Loans:
Total loans	139,758		159,424
Commercial \| Commercial real estate (non-owner occupied) - retail
Loans:
Individually evaluated	0		0
Collectively evaluated	168,676		161,961
Total loans	168,676		161,961
Allowance for loan losses:
Specific reserve allocation	0		0
General reserve allocation	3,451		3,488
Total allowance for credit losses	3,451	3,519	3,488	1,526	1,477
Commercial \| Commercial real estate (non-owner occupied) - multi-family
Loans:
Individually evaluated	0
Collectively evaluated	123,369
Total loans	123,369		110,008
Allowance for loan losses:
Specific reserve allocation	0
General reserve allocation	1,423
Total allowance for credit losses	1,423	1,370	1,430	1,175	1,145
Commercial \| Other commercial real estate (non-owner occupied)
Loans:
Total loans	241,519		240,286
Consumer
Loans:
Total loans	285,805		277,445
Consumer \| Commercial real estate (non-owner occupied) - multi-family
Loans:
Individually evaluated			0
Collectively evaluated			110,008
Total loans			110,008
Allowance for loan losses:
Specific reserve allocation			0
General reserve allocation			1,430
Total allowance for credit losses			1,430
Consumer \| Residential mortgages
Loans:
Total loans	179,297		174,670
Consumer \| Consumer
Loans:
Individually evaluated	11
Collectively evaluated	106,497		102,775
Total loans	106,508		102,775
Allowance for loan losses:
Specific reserve allocation	0		0
General reserve allocation	1,183		1,127
Total allowance for credit losses	$ 1,183	$ 1,156	$ 1,127	$ 1,114	$ 1,109	$ 85

Allowance for Credit Losses -_5

Allowance for Credit Losses - Loans - Amortized cost basis of collateral-dependent loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	$ 1,039,638	$ 1,038,271
Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	11,093	9,140
Other commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	241,519	240,286
Other commercial real estate (non-owner occupied) \| Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	10,411	8,780
Residential mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	179,297	174,670
Residential mortgages \| Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	513	173
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	11
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	753,833	760,826
Commercial Portfolio Segment [Member] \| Commercial real estate (owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	80,511	89,147
Commercial Portfolio Segment [Member] \| Commercial real estate (owner occupied) \| Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	158	187
Commercial Portfolio Segment [Member] \| Other commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	241,519	240,286
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	285,805	277,445
Consumer Portfolio Segment [Member] \| Residential mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	179,297	174,670
Consumer Portfolio Segment [Member] \| Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total loan	$ 106,508	$ 102,775

Allowance for Credit Losses -_6

Allowance for Credit Losses - Loans - Non-Performing Assets from the Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	$ 7,531	$ 9,140
Non-accrual with ACL	2,276	3,027
Total non-accrual	9,807	12,167
Loans past due over 90 days still accruing	12	211
OREO and repossessed assets	1,850	15
Non-Performing Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	11,669	12,393
Other commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with ACL	1,477	1,694
Total non-accrual	1,477	1,694
Loans past due over 90 days still accruing		211
OREO and repossessed assets	263
Other commercial and industrial \| Non-Performing Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	1,740	1,905
Other commercial real estate (non-owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	6,849	8,780
Total non-accrual	6,849	8,780
OREO and repossessed assets	1,476
Other commercial real estate (non-owner occupied) \| Non-Performing Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	8,325	8,780
Residential mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	513	173
Non-accrual with ACL	75	545
Total non-accrual	588	718
Loans past due over 90 days still accruing	12
OREO and repossessed assets	15	15
Residential mortgages \| Non-Performing Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	615	733
Commercial \| Commercial real estate (owner occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	158	187
Total non-accrual	158	187
Commercial \| Commercial real estate (owner occupied) \| Non-Performing Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	158	187
Commercial \| Other commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-accrual		1,694
Consumer \| Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-accrual with no ACL	11
Non-accrual with ACL	724	788
Total non-accrual	735	788
OREO and repossessed assets	96
Consumer \| Consumer \| Non-Performing Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total non-performing assets	$ 831	$ 788

Allowance for Credit Losses -_7

Allowance for Credit Losses - Loans - Commercial and commercial real estate loan portfolios (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 1,039,638		$ 1,039,638		$ 1,038,271
Current period gross charge-offs, Total	204	$ 170	620	$ 339
Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	139,758		139,758		159,424
Current period gross charge-offs, Total	132	$ 75	424	$ 75
Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	241,519		241,519		240,286
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	70,493		70,493		128,219
2023/2022	135,084		135,084		120,075
2022/2021	104,518		104,518		126,424
2021/2020	114,894		114,894		70,567
2020/2019	67,162		67,162		66,896
Prior	204,015		204,015		182,673
Revolving Loans Amortized to Basis	56,786		56,786		65,703
Revolving Loans Converted to Term	881		881		269
Total loans	753,833		753,833		760,826
Current period gross charge-offs, 2023/2022					75
Current period gross charge-offs, 2022/2021			424
Current period gross charge-offs, 2020/2019					804
Current period gross charge-offs, Prior					2,433
Current period gross charge-offs, Total			424		3,312
Commercial \| Commercial real estate (owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	3,991		3,991		17,801
2023/2022	17,674		17,674		6,750
2022/2021	6,105		6,105		15,531
2021/2020	12,419		12,419		8,415
2020/2019	10,836		10,836		12,574
Prior	28,222		28,222		26,802
Revolving Loans Amortized to Basis	383		383		1,274
Revolving Loans Converted to Term	881		881
Total loans	80,511		80,511		89,147
Commercial \| Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	10,278		10,278		22,662
2023/2022	20,124		20,124		35,435
2022/2021	23,015		23,015		12,894
2021/2020	9,759		9,759		5,831
2020/2019	4,878		4,878		4,912
Prior	22,473		22,473		21,165
Revolving Loans Amortized to Basis	49,231		49,231		56,455
Revolving Loans Converted to Term					70
Total loans	139,758		139,758		159,424
Current period gross charge-offs, 2023/2022					75
Current period gross charge-offs, 2022/2021			424
Current period gross charge-offs, Prior					405
Current period gross charge-offs, Total			424		480
Commercial \| Commercial real estate (non-owner occupied) - retail
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	12,928		12,928		35,545
2023/2022	39,137		39,137		23,682
2022/2021	21,463		21,463		33,110
2021/2020	32,227		32,227		23,146
2020/2019	22,520		22,520		9,226
Prior	39,423		39,423		36,269
Revolving Loans Amortized to Basis	978		978		983
Total loans	168,676		168,676		161,961
Current period gross charge-offs, Prior					2,028
Current period gross charge-offs, Total					2,028
Commercial \| Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	17,567		17,567		22,620
2023/2022	27,106		27,106		16,767
2022/2021	16,515		16,515		16,622
2021/2020	16,951		16,951		13,007
2020/2019	12,546		12,546		10,916
Prior	32,309		32,309		28,755
Revolving Loans Amortized to Basis	375		375		1,321
Total loans	123,369		123,369		110,008
Commercial \| Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	25,729		25,729		29,591
2023/2022	31,043		31,043		37,441
2022/2021	37,420		37,420		48,267
2021/2020	43,538		43,538		20,168
2020/2019	16,382		16,382		29,268
Prior	81,588		81,588		69,682
Revolving Loans Amortized to Basis	5,819		5,819		5,670
Revolving Loans Converted to Term					199
Total loans	241,519		241,519		240,286
Current period gross charge-offs, 2020/2019					804
Current period gross charge-offs, Total					804
Pass \| Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	70,446		70,446		128,219
2023/2022	135,084		135,084		118,099
2022/2021	103,167		103,167		125,833
2021/2020	109,220		109,220		69,601
2020/2019	66,234		66,234		57,123
Prior	184,469		184,469		164,651
Revolving Loans Amortized to Basis	55,606		55,606		64,716
Revolving Loans Converted to Term	881		881		70
Total loans	725,107		725,107		728,312
Pass \| Commercial \| Commercial real estate (owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	3,944		3,944		17,801
2023/2022	17,674		17,674		6,750
2022/2021	6,105		6,105		15,067
2021/2020	8,752		8,752		8,415
2020/2019	10,836		10,836		10,322
Prior	27,617		27,617		26,538
Revolving Loans Amortized to Basis	383		383		351
Revolving Loans Converted to Term	881		881
Total loans	76,192		76,192		85,244
Pass \| Commercial \| Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	10,278		10,278		22,662
2023/2022	20,124		20,124		34,816
2022/2021	22,597		22,597		12,767
2021/2020	7,951		7,951		5,831
2020/2019	4,878		4,878		4,912
Prior	20,559		20,559		19,587
Revolving Loans Amortized to Basis	48,051		48,051		56,391
Revolving Loans Converted to Term					70
Total loans	134,438		134,438		157,036
Pass \| Commercial \| Commercial real estate (non-owner occupied) - retail
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	12,928		12,928		35,545
2023/2022	39,137		39,137		23,368
2022/2021	21,155		21,155		33,110
2021/2020	32,227		32,227		23,146
2020/2019	22,520		22,520		9,226
Prior	39,423		39,423		35,102
Revolving Loans Amortized to Basis	978		978		983
Total loans	168,368		168,368		160,480
Pass \| Commercial \| Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	17,567		17,567		22,620
2023/2022	27,106		27,106		16,767
2022/2021	16,515		16,515		16,622
2021/2020	16,951		16,951		12,041
2020/2019	11,618		11,618		9,638
Prior	30,938		30,938		28,632
Revolving Loans Amortized to Basis	375		375		1,321
Total loans	121,070		121,070		107,641
Pass \| Commercial \| Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	25,729		25,729		29,591
2023/2022	31,043		31,043		36,398
2022/2021	36,795		36,795		48,267
2021/2020	43,339		43,339		20,168
2020/2019	16,382		16,382		23,025
Prior	65,932		65,932		54,792
Revolving Loans Amortized to Basis	5,819		5,819		5,670
Total loans	225,039		225,039		217,911
Special Mention \| Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2023/2022					314
2022/2021	308		308		591
2021/2020	5,475		5,475
2020/2019					2,252
Prior	4,034		4,034		4,944
Revolving Loans Amortized to Basis	1,000		1,000		923
Total loans	10,817		10,817		9,024
Special Mention \| Commercial \| Commercial real estate (owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2022/2021					464
2021/2020	3,667		3,667
2020/2019					2,252
Revolving Loans Amortized to Basis					923
Total loans	3,667		3,667		3,639
Special Mention \| Commercial \| Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2022/2021					127
2021/2020	1,808		1,808
Prior	473		473
Revolving Loans Amortized to Basis	1,000		1,000
Total loans	3,281		3,281		127
Special Mention \| Commercial \| Commercial real estate (non-owner occupied) - retail
Financing Receivable, Credit Quality Indicator [Line Items]
2023/2022					314
2022/2021	308		308
Prior					1,167
Total loans	308		308		1,481
Special Mention \| Commercial \| Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	3,561		3,561		3,777
Total loans	3,561		3,561		3,777
Substandard \| Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	47		47
2023/2022					1,662
2022/2021	1,043		1,043
2021/2020	199		199		966
2020/2019	928		928		7,521
Prior	15,512		15,512		13,078
Revolving Loans Amortized to Basis	180		180		64
Revolving Loans Converted to Term					199
Total loans	17,909		17,909		23,490
Substandard \| Commercial \| Commercial real estate (owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	47		47
Prior	605		605		264
Total loans	652		652		264
Substandard \| Commercial \| Other commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2023/2022					619
2022/2021	418		418
Prior	1,441		1,441		1,578
Revolving Loans Amortized to Basis	180		180		64
Total loans	2,039		2,039		2,261
Substandard \| Commercial \| Commercial real estate (non-owner occupied) - multi-family
Financing Receivable, Credit Quality Indicator [Line Items]
2021/2020					966
2020/2019	928		928		1,278
Prior	1,371		1,371		123
Total loans	2,299		2,299		2,367
Substandard \| Commercial \| Other commercial real estate (non-owner occupied)
Financing Receivable, Credit Quality Indicator [Line Items]
2023/2022					1,043
2022/2021	625		625
2021/2020	199		199
2020/2019					6,243
Prior	12,095		12,095		11,113
Revolving Loans Converted to Term					199
Total loans	$ 12,919		$ 12,919		$ 18,598

Allowance for Credit Losses -_8

Allowance for Credit Losses - Loans - Residential and consumer portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Performing and non-performing outstanding balances of the residential and consumer portfolios
Total loans	$ 1,039,638		$ 1,039,638		$ 1,038,271
Current period gross charge-offs, Total	204	$ 170	620	$ 339
Residential mortgages
Performing and non-performing outstanding balances of the residential and consumer portfolios
Total loans	179,297		179,297		174,670
Current period gross charge-offs, Total		54		54
Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Total loans	11		11
Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2024/2023	20,480		20,480		28,481
2023/2022	27,608		27,608		32,050
2022/2021	28,275		28,275		70,954
2021/2020	66,671		66,671		47,312
2020/2019	45,064		45,064		8,303
Prior	45,444		45,444		40,956
Revolving Loans Amortized to Basis	51,605		51,605		48,501
Revolving Loans Converted to Term	658		658		888
Total loans	285,805		285,805		277,445
Current period gross charge-offs, 2024/2023			2		9
Current period gross charge-offs, 2023/2022			2		35
Current period gross charge-offs, 2022/2021			21		43
Current period gross charge-offs, 2021/2020			19		7
Current period gross charge-offs, 2020/2019			12		8
Current period gross charge-offs, Prior			140		227
Current period gross charge-offs, Total			196		329
Residential and Consumer \| Residential mortgages
Performing and non-performing outstanding balances of the residential and consumer portfolios
2024/2023	11,697		11,697		14,576
2023/2022	15,592		15,592		11,620
2022/2021	10,618		10,618		61,172
2021/2020	58,614		58,614		44,049
2020/2019	42,342		42,342		7,092
Prior	40,434		40,434		36,161
Total loans	179,297		179,297		174,670
Current period gross charge-offs, Prior					54
Current period gross charge-offs, Total					54
Residential and Consumer \| Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2024/2023	8,783		8,783		13,905
2023/2022	12,016		12,016		20,430
2022/2021	17,657		17,657		9,782
2021/2020	8,057		8,057		3,263
2020/2019	2,722		2,722		1,211
Prior	5,010		5,010		4,795
Revolving Loans Amortized to Basis	51,605		51,605		48,501
Revolving Loans Converted to Term	658		658		888
Total loans	106,508		106,508		102,775
Current period gross charge-offs, 2024/2023			2		9
Current period gross charge-offs, 2023/2022			2		35
Current period gross charge-offs, 2022/2021			21		43
Current period gross charge-offs, 2021/2020			19		7
Current period gross charge-offs, 2020/2019			12		8
Current period gross charge-offs, Prior			140		173
Current period gross charge-offs, Total	72	$ 41	196	$ 210	275
Performing \| Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2024/2023	20,480		20,480		28,466
2023/2022	27,577		27,577		32,050
2022/2021	28,275		28,275		70,954
2021/2020	66,671		66,671		47,239
2020/2019	45,002		45,002		8,261
Prior	44,464		44,464		39,958
Revolving Loans Amortized to Basis	51,343		51,343		48,344
Revolving Loans Converted to Term	658		658		667
Total loans	284,470		284,470		275,939
Performing \| Residential and Consumer \| Residential mortgages
Performing and non-performing outstanding balances of the residential and consumer portfolios
2024/2023	11,697		11,697		14,576
2023/2022	15,592		15,592		11,620
2022/2021	10,618		10,618		61,172
2021/2020	58,614		58,614		44,049
2020/2019	42,342		42,342		7,092
Prior	39,834		39,834		35,443
Total loans	178,697		178,697		173,952
Performing \| Residential and Consumer \| Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2024/2023	8,783		8,783		13,890
2023/2022	11,985		11,985		20,430
2022/2021	17,657		17,657		9,782
2021/2020	8,057		8,057		3,190
2020/2019	2,660		2,660		1,169
Prior	4,630		4,630		4,515
Revolving Loans Amortized to Basis	51,343		51,343		48,344
Revolving Loans Converted to Term	658		658		667
Total loans	105,773		105,773		101,987
Non-performing \| Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2024/2023					15
2023/2022	31		31
2021/2020					73
2020/2019	62		62		42
Prior	980		980		998
Revolving Loans Amortized to Basis	262		262		157
Revolving Loans Converted to Term					221
Total loans	1,335		1,335		1,506
Non-performing \| Residential and Consumer \| Residential mortgages
Performing and non-performing outstanding balances of the residential and consumer portfolios
Prior	600		600		718
Total loans	600		600		718
Non-performing \| Residential and Consumer \| Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
2024/2023					15
2023/2022	31		31
2021/2020					73
2020/2019	62		62		42
Prior	380		380		280
Revolving Loans Amortized to Basis	262		262		157
Revolving Loans Converted to Term					221
Total loans	$ 735		$ 735		$ 788

Allowance for Credit Losses -_9

Allowance for Credit Losses - Loans - Aging categories of performing loans and non-accrual loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Non-accrual	$ 9,807	$ 12,167
Total loan	1,039,638	1,038,271
Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Non-accrual	1,477	1,694
Total loan	139,758	159,424
Other commercial real estate (non-owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Non-accrual	6,849	8,780
Total loan	241,519	240,286
Residential mortgages
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Non-accrual	588	718
Total loan	179,297	174,670
Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loan	11
Financial Asset, Not Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	1,024,410	1,024,286
Financial Asset, Not Past Due [Member] \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	137,637
Financial Asset, Not 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 past due	230,923	231,506
Financial Asset, Not Past Due [Member] \| Residential mortgages
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	178,427	173,497
Financial Asset, Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	5,421	1,818
Financial Asset, Past Due [Member] \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	644
Financial Asset, 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 past due	3,747
Financial Asset, Past Due [Member] \| Residential mortgages
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	282	455
Financial Asset, 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	1,812	1,567
Financial Asset, 30 to 59 Days Past Due [Member] \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	644
Financial Asset, 30 to 59 Days 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 past due	185
Financial Asset, 30 to 59 Days Past Due [Member] \| Residential mortgages
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	250	437
Financial Asset, 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	3,597	40
Financial Asset, 60 to 89 Days 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 past due	3,562
Financial Asset, 60 to 89 Days Past Due [Member] \| Residential mortgages
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	20	18
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	12	211
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Residential mortgages
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	12
Commercial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loan	753,833	760,826
Commercial \| Commercial real estate (owner occupied)
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Non-accrual	158	187
Total loan	80,511	89,147
Commercial \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Non-accrual		1,694
Total loan	139,758	159,424
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 loan	168,676	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 loan	123,369	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 loan	241,519	240,286
Commercial \| Financial Asset, Not 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 past due	80,353	88,960
Commercial \| Financial Asset, Not Past Due [Member] \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due		156,971
Commercial \| Financial Asset, Not Past Due [Member] \| Commercial real estate (non-owner occupied) - retail
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	168,676	161,961
Commercial \| Financial Asset, Not Past Due [Member] \| 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 past due	123,369	110,008
Commercial \| Financial Asset, Past Due [Member] \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due		759
Commercial \| Financial Asset, 30 to 59 Days Past Due [Member] \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due		526
Commercial \| Financial Asset, 60 to 89 Days Past Due [Member] \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due		22
Commercial \| Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Other commercial and industrial
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due		211
Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loan	285,805	277,445
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
Total loan		110,008
Consumer \| Residential mortgages
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total loan	179,297	174,670
Consumer \| Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Non-accrual	735	788
Total loan	106,508	102,775
Consumer \| Financial Asset, Not Past Due [Member] \| Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	105,025	101,383
Consumer \| Financial Asset, Past Due [Member] \| Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	748	604
Consumer \| Financial Asset, 30 to 59 Days Past Due [Member] \| Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	733	$ 604
Consumer \| Financial Asset, 60 to 89 Days Past Due [Member] \| Consumer
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total past due	$ 15

Allowance for Credit Losses _10

Allowance for Credit Losses - Loans - Loan modifications to borrowers experiencing financial difficulty (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Unfunded loan commitments	$ 0			$ 0			$ 0	$ 0
Modified to borrowers which subsequently defaulted				0				0
Extended Maturity [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis	158,000			417,000			158,000	417,000
Extended Maturity and Interest Rate Reduction [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis	154,000			7,047,000			154,000	7,047,000
Commercial real estate (owner occupied) \| Extended Maturity [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis	$ 158,000						$ 158,000
Percentage of Total Class of Loans	0.20%						0.20%
Commercial real estate (owner occupied) \| Payment Deferral \| Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Additional amortization period	60 months						60 months
Other commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Term extension date	90 days	90 days	90 days		1 year	5 months
Other commercial and industrial \| Extended Maturity [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis				417,000				$ 417,000
Percentage of Total Class of Loans								0.29%
Other commercial and industrial \| Extended Maturity and Interest Rate Reduction [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis	$ 154,000						$ 154,000
Percentage of Total Class of Loans	0.11%						0.11%
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
Other commercial real estate (non-owner occupied) \| Extended Maturity [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Percentage of Total Class of Loans								3.07%
Other commercial real estate (non-owner occupied) \| Extended Maturity and Interest Rate Reduction [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized Cost Basis				$ 7,047,000				$ 7,047,000

Allowance for Credit Losses _11

Allowance for Credit Losses - Loans - Additional information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision (Recovery)	$ (35,000)	$ 218,000	$ (145,000)	$ 553,000
Net favorable shift				698,000
Allowance for loan credit losses			$ 2,100,000
Percent increase in allowance for credit loss			17.10%
Net loan charge-offs			$ 488,000	$ 187,000
Percentage of charge-offs			0.06%	0.03%
Percentage of coverage on non-performing assets	147%		147%		122%
Percentage Of Allowance For Total Loans	1.39%		1.39%		1.45%
Percentage of general reserve	47%
Percentage of quantitative reserve	53%
Evaluated for impairment	$ 150,000		$ 150,000
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 \| Commercial loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum aggregate balances for commercial loan relationship under structure loan rating process.	1,000,000		$ 1,000,000
Minimum percent of portfolio to be reviewed			37%
Non-performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-performing assets	$ 11,669,000		$ 11,669,000		$ 12,393,000
Non-performing assets as a percent of loans	1.12%		1.12%

Short-Term Borrowings and Adv_3

Short-Term Borrowings and Advances from Federal Home Loan Bank (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Federal Home Loan Bank (FHLB) borrowings and advances
Balance	$ 11,760	$ 40,951
FHLB Advances 2024, Amount	2,037	7,947
FHLB Advances 2025, Amount	8,400	2,000
FHLB Advances 2026, Amount	17,270	12,920
FHLB Advances 2027, Amount	15,100	10,950
FHLB Advances 2028, Amount	11,745	10,745
Total FHLB advances	54,552	44,562
Total short-term and FHLB borrowings, Amount	$ 66,312	$ 85,513
Open Repo Plus Maturity Overnight, Weighted Average Rate	5.18%	5.68%
FHLB Advances Maturing 2024, Weighted Average Rate	3.29%	3.23%
FHLB Advances Maturing 2025, Weighted Average Rate	4.88%	4.43%
FHLB Advances Maturing 2026, Weighted Average Rate	4.27%	4.29%
FHLB Advances Maturing 2027, Weighted Average Rate	4.23%	4.33%
FHLB Advances Maturing 2028, Weighted Average Rate	4.46%	4.50%
Total FHLB advances, Weighted Average Rate	4.36%	4.17%
Total short-term and FHLB borrowings, Weighted Average Rate	4.50%	4.89%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (17,589)	$ (24,370)	$ (19,976)	$ (22,520)
Other comprehensive income (loss) before reclassifications	3,968	(2,280)	6,373	(4,036)
Amounts reclassified from accumulated other comprehensive loss	(135)	(104)	(153)	(198)
Net current period other comprehensive income (loss)	3,833	(2,384)	6,220	(4,234)
Ending balance	(13,756)	(26,754)	(13,756)	(26,754)
Net Unrealized Gain and Losses on Investment Securities AFS
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(14,090)	(17,049)	(13,730)	(14,938)
Other comprehensive income (loss) before reclassifications	3,966	(2,700)	3,606	(4,811)
Net current period other comprehensive income (loss)	3,966	(2,700)	3,606	(4,811)
Ending balance	(10,124)	(19,749)	(10,124)	(19,749)
Interest Rate Hedge
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	349	261	(352)
Other comprehensive income (loss) before reclassifications	(724)	443	292	798
Amounts reclassified from accumulated other comprehensive loss	(162)	(127)	(477)	(221)
Net current period other comprehensive income (loss)	(886)	316	(185)	577
Ending balance	(537)	577	(537)	577
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(3,848)	(7,582)	(5,894)	(7,582)
Other comprehensive income (loss) before reclassifications	726	(23)	2,475	(23)
Amounts reclassified from accumulated other comprehensive loss	27	23	324	23
Net current period other comprehensive income (loss)	753		2,799
Ending balance	$ (3,095)	$ (7,582)	$ (3,095)	$ (7,582)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassification of component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other expense	$ 686	$ 697	$ 2,451	$ 1,934
Provision for income taxes	237	124	611	435
Net income	1,183	647	2,712	1,975
Reclassification from Accumulated Other Comprehensive Loss
Other expense			410	29
Net income	(135)	(104)	(153)	(198)
Accumulated Gain (Loss), Interest rate hedge \| Reclassification from Accumulated Other Comprehensive Loss
Interest expense - Deposits	(205)	(161)	(604)	(280)
Provision for income taxes	43	34	127	59
Net income	(162)	(127)	(477)	(221)
Accumulated Amortization of estimated defined benefit pension plan loss \| Reclassification from Accumulated Other Comprehensive Loss
Other expense	34	29
Provision for income taxes	(7)	(6)	(86)	(6)
Net income	$ 27	$ 23	$ 324	$ 23

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount	$ 136,017	$ 135,196
Tier 1 Common Equity (To RWA), Actual Amount	121,548	120,874
Tier 1 Capital (To RWA), Actual Amount	121,548	120,874
Tier 1 Capital (To Average Assets), Actual Amount	$ 121,548	$ 120,874
Total Capital (To RWA), Actual Ratio	0.1176	0.1182
Tier 1 Common Equity (To RWA), Actual Ratio	0.1051	0.1057
Tier 1 Capital (To RWA), Actual Ratio	0.1051	0.1057
Tier 1 Capital (To Average Assets), Actual Ratio	0.0877	0.0878
Total Capital (To RWA), Minimum Required For Capital Adequacy Purpose	0.0800	0.0800
Tier 1 Common Equity (To RWA), Minimum Required For Capital Adequacy Purpose	0.0450	0.0450
Tier 1 Capital (To RWA), Minimum Required For Capital Adequacy Purpose	0.0600	0.0600
Tier 1 Capital (To Average Assets), Minimum Required For Capital Adequacy Purpose	0.0400	0.0400
Total Capital (To RWA), To Be Will Capitalized Under Prompt Corrective Action Regulations	0.1000	0.1000
Tier 1 Common Equity (To RWA), To Be Will Capitalized Under Prompt Corrective Action Regulations	0.0650	0.0650
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 [Member]
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount	$ 149,354	$ 149,596
Tier 1 Common Equity (To RWA), Actual Amount	108,245	108,541
Tier 1 Capital (To RWA), Actual Amount	108,245	108,541
Tier 1 Capital (To Average Assets), Actual Amount	$ 108,245	$ 108,541
Total Capital (To RWA), Actual Ratio	0.1287	0.1303
Tier 1 Common Equity (To RWA), Actual Ratio	0.0933	0.0946
Tier 1 Capital (To RWA), Actual Ratio	0.0933	0.0946
Tier 1 Capital (To Average Assets), Actual Ratio	0.0775	0.0780

Derivative Hedging Instrument_2

Derivative Hedging Instruments (Details) - Swap [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Derivative Financial Instruments, Liabilities [Member]
Derivative, Swap Type	N/A	N/A
Derivative Liability, Notional Amount	$ (67,135)	$ (64,564)
Weighted Average Rate Received (Paid)	(7.67%)	(7.39%)
Repricing frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ (1,573)	$ (1,514)
Derivative Financial Instruments, Assets [Member]
Derivative, Swap Type	N/A	N/A
Derivative Asset, Notional Amount	$ 67,135	$ 64,564
Weighted Average Rate Received (Paid)	7.67%	7.39%
Repricing frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ 1,573	$ 1,514

Derivative Hedging Instrument_3

Derivative Hedging Instruments - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Maximum amount outstanding	$ 500,000,000
Interest Rate Swap [Member] \| Risk Participation Agreement
Notional amount	4,900,000	$ 6,800,000
Interest Rate Hedge
Notional amount	70,000,000		$ 60,000,000
Amount reclassified as decrease to interest expense	$ 463,000
Derivative term	2 years 3 months

Derivative Hedging Instrument_4

Derivative Hedging Instruments - Cash Flow Hedge (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest rate hedge
Derivative Instruments, Gain (Loss)
Amount Reclassified from Accumulated Other Comprehensive Loss	$ (205,000)	$ (161,000)	$ (604,000)	$ (280,000)
Designated as Hedging Instrument
Derivative Instruments, Gain (Loss)
Amount Recognized in Other Comprehensive Income (Loss) on Derivative	(1,122,000)	400,000	(235,000)	733,000
Amount Reclassified from Accumulated Other Comprehensive Loss	(205,000)		(604,000)	(280,000)
Designated as Hedging Instrument \| Interest rate hedge
Derivative Instruments, Gain (Loss)
Amount Recognized in Other Comprehensive Income (Loss) on Derivative	$ (1,122,000)	$ 400,000	$ (235,000)	$ 733,000
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Deposits	Interest Expense, Deposits	Interest Expense, Deposits	Interest Expense, Deposits
Amount Reclassified from Accumulated Other Comprehensive Loss	$ (205,000)	$ (161,000)	$ (604,000)	$ (280,000)

Segment Results (Details)

Segment Results (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment Results (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Contribution of segments to the consolidated results of operations
Total revenue	$ 13,090	$ 13,055	$ 40,031	$ 41,056
Net Income (Loss)	1,183	647	2,712	1,975
Community banking
Contribution of segments to the consolidated results of operations
Total revenue	14,344	14,285	43,261	41,314
Net Income (Loss)	4,499	4,340	13,484	12,165
Wealth management
Contribution of segments to the consolidated results of operations
Total revenue	3,049	2,845	9,373	8,383
Net Income (Loss)	673	487	2,132	907
Investment/Parent
Contribution of segments to the consolidated results of operations
Total revenue	(4,303)	(4,075)	(12,603)	(8,641)
Net Income (Loss)	$ (3,989)	$ (4,180)	$ (12,904)	$ (11,097)

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Details) - USD ($)	3 Months Ended		9 Months Ended
Commitments and Contingent Liabilities (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Loss Contingencies [Line Items]
Provision for credit losses recovery on unfunded commitments	$ 4,000	$ 48,000	$ 4,000	$ 14,000
Off-Balance-Sheet, credit loss liabilities	936,000		936,000		$ 940,000
Commitments to Extend Credit
Loss Contingencies [Line Items]
Amount of commitment	250,100,000		250,100,000		236,600,000
Standby Letters of Credit
Loss Contingencies [Line Items]
Amount of commitment	$ 8,900,000		$ 8,900,000		$ 8,200,000

Pension Benefits - Component of

Pension Benefits - Component of net periodic benefit cost (Details) - Pension Plan - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
COMPONENTS OF NET PERIODIC BENEFIT COST:
Service cost	$ 211,000	$ 327,000	$ 628,000	$ 841,000
Interest cost	369,000	514,000	1,173,000	1,384,000
Expected return on plan assets	(1,051,000)	(1,124,000)	(3,119,000)	(3,192,000)
Amortization of net loss		29,000		29,000
Settlement charge	34,000	0	410,000	0
Net periodic pension benefit	$ (437,000)	$ (254,000)	$ (908,000)	$ (938,000)

Pension Benefits - Additional i

Pension Benefits - Additional information (Details)	3 Months Ended		9 Months Ended
Pension Benefits - Additional information (Details)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Y	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Minimum number of annual hours	1,000		1,000
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%		10%
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Settlement charge	$ 34,000	$ 0	$ 410,000	$ 0
Pension Plan \| Other assets
Defined Benefit Plan Disclosure [Line Items]
Assets for pension benefits	$ 29,100,000		$ 29,100,000		$ 24,700,000

Disclosures about Fair Value _3

Disclosures about Fair Value Measurements and Financial Instruments - Schedule of assets and liability measured and recorded on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Disclosures about Fair Value Measurements and Financial Instruments
Equity securities	$ 346	$ 499
Available for Sale, Fair Value	164,591	165,711
Interest rate swap asset	$ 2,727	$ 4,582
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Interest rate hedge	$ (679)	$ (446)
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Interest rate swap liability	$ (2,787)	$ (4,665)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Risk participation agreement	$ (422)	$ (410)
U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	4,857	5,339
U.S. Agency mortgage-backed securities
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	93,611	93,075
Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	8,674	10,360
Corporate bonds
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	57,449	56,937
Level 1
Disclosures about Fair Value Measurements and Financial Instruments
Equity securities	346	499
Interest rate swap asset	0	0
Interest rate hedge	0	0
Interest rate swap liability	0	0
Risk participation agreement	0	0
Level 1 \| U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	0	0
Level 1 \| U.S. Agency mortgage-backed securities
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	0	0
Level 1 \| Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	0	0
Level 1 \| Corporate bonds
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	0	0
Level 2
Disclosures about Fair Value Measurements and Financial Instruments
Equity securities	0	0
Interest rate swap asset	2,727	4,582
Interest rate hedge	(679)	(446)
Interest rate swap liability	(2,787)	(4,665)
Risk participation agreement	(422)	(410)
Level 2 \| U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	4,857	5,339
Level 2 \| U.S. Agency mortgage-backed securities
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	93,611	93,075
Level 2 \| Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	8,674	10,360
Level 2 \| Corporate bonds
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	57,449	56,937
Level 3
Disclosures about Fair Value Measurements and Financial Instruments
Equity securities	0	0
Interest rate swap asset	0	0
Interest rate hedge	0	0
Interest rate swap liability	0	0
Risk participation agreement	0	0
Level 3 \| U.S. Agency
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	0	0
Level 3 \| U.S. Agency mortgage-backed securities
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	0	0
Level 3 \| Municipal
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	0	0
Level 3 \| Corporate bonds
Disclosures about Fair Value Measurements and Financial Instruments
Available for Sale, Fair Value	$ 0	$ 0

Disclosures about Fair Value _4

Disclosures about Fair Value Measurements and Financial Instruments - Schedule of assets measured and recorded at fair value on a non-recurring basis (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Disclosures about Fair Value Measurements and Financial Instruments
Individually evaluated loans with carrying value	$ 3,600,000	$ 0
Specific valuation allowance	1,600,000
Individually evaluated loans	2,000,000
Other real estate owned and repossessed assets	1,850,000	15,000
Fair Value Measurements, Nonrecurring Basis \| Individually evaluated loans
Disclosures about Fair Value Measurements and Financial Instruments
Individually evaluated loans	1,980,000
Fair Value Measurements, Nonrecurring Basis \| Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets	1,850,000	15,000
Fair Value Measurements, Nonrecurring Basis \| Level 1 \| Individually evaluated loans
Disclosures about Fair Value Measurements and Financial Instruments
Individually evaluated loans	0
Fair Value Measurements, Nonrecurring Basis \| Level 1 \| Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets	0	0
Fair Value Measurements, Nonrecurring Basis \| Level 2 \| Individually evaluated loans
Disclosures about Fair Value Measurements and Financial Instruments
Individually evaluated loans	0
Fair Value Measurements, Nonrecurring Basis \| Level 2 \| Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets	0	0
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Individually evaluated loans
Disclosures about Fair Value Measurements and Financial Instruments
Individually evaluated loans	1,980,000
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Other real estate owned and repossessed assets	$ 1,850,000	$ 15,000
Appraisal adjustments		63%
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Other real estate owned and repossessed assets \| Measurement Input, Liquidation expenses
Disclosures about Fair Value Measurements and Financial Instruments
Liquidation expenses		33%
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Minimum \| Individually evaluated loans
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	10%
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Minimum \| Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	18%
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Minimum \| Other real estate owned and repossessed assets \| Measurement Input, Liquidation expenses
Disclosures about Fair Value Measurements and Financial Instruments
Liquidation expenses	0%
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Maximum \| Individually evaluated loans
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	(10.00%)
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Maximum \| Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	76%
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Maximum \| Other real estate owned and repossessed assets \| Measurement Input, Liquidation expenses
Disclosures about Fair Value Measurements and Financial Instruments
Liquidation expenses	33%
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Weighted Average \| Other real estate owned and repossessed assets
Disclosures about Fair Value Measurements and Financial Instruments
Appraisal adjustments	(26.00%)	63%
Fair Value Measurements, Nonrecurring Basis \| Level 3 \| Weighted Average \| Other real estate owned and repossessed assets \| Measurement Input, Liquidation expenses
Disclosures about Fair Value Measurements and Financial Instruments
Liquidation expenses	(4.00%)	33%

Disclosures about Fair Value _5

Disclosures about Fair Value Measurements and Financial Instruments - Schedule of estimated fair value and recorded carrying value (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
FINANCIAL ASSETS: Carrying Value
Investment securities held to maturity, Cost Basis	$ 65,451	$ 63,979
Loans held for sale, Carrying Value	783	130
Loans, net of allowance for credit losses and unearned income, Carrying Value	1,025,218	1,023,218
Investment securities held to maturity, Fair value	61,890	58,621
Loans held for sale, Fair Value	803	132
Loans, net of allowance for credit losses and unearned income, Fair Value	972,404	950,402
FINANCIAL LIABILITIES: Carrying Value
Deposits with stated maturities, Carrying Value	337,468	322,477
All other borrowings, Carrying Value	81,268	71,247
Deposits with stated maturities, Fair Value	337,198	321,660
All other borrowings, Fair Value	$ 80,878	70,061
Assets and liabilities considered financial instruments, percentage	90%
Level 1
FINANCIAL ASSETS: Carrying Value
Loans held for sale, Fair Value	$ 803	132
Level 2
FINANCIAL ASSETS: Carrying Value
Investment securities held to maturity, Fair value	60,959	56,769
Level 3
FINANCIAL ASSETS: Carrying Value
Investment securities held to maturity, Fair value	931	1,852
Loans, net of allowance for credit losses and unearned income, Fair Value	972,404	950,402
FINANCIAL LIABILITIES: Carrying Value
Deposits with stated maturities, Fair Value	337,198	321,660
All other borrowings, Fair Value	$ 80,878	$ 70,061

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ in Millions	Oct. 01, 2024 USD ($) subsidiary
Subsequent Events
Number of wholly owned subsidiaries \| subsidiary	2
AmeriServ Financial Bank \| Financial Services Company
Subsequent Events
Assets and capital transferred \| $	$ 6.5