Cass Information Systems (CASS) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Nov. 07, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	000-20827
Entity Registrant Name	CASS INFORMATION SYSTEMS, INC.
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	43-1265338
Entity Address, Address Line One	12444 Powerscourt Drive
Entity Address, Address Line Two	Suite 550
Entity Address, City or Town	St. Louis
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63131
City Area Code	314
Local Phone Number	506-5500
Title of 12(b) Security	Common stock, par value $.50
Trading Symbol	CASS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,569,245
Entity Central Index Key	0000708781
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 29,125	$ 20,908
Short-term investments	201,431	351,560
Cash and cash equivalents	230,556	372,468
Securities available-for-sale, at fair value	550,756	627,117
Loans	1,078,387	1,014,318
Less: Allowance for credit losses	13,447	13,089
Loans, net	1,064,940	1,001,229
Payments in advance of funding	207,202	198,861
Premises and equipment, net	34,295	30,093
Investment in bank-owned life insurance	49,885	49,159
Goodwill	17,309	17,309
Other intangible assets, net	2,789	3,345
Receivables from Customers	30,892	110,651
Other assets	72,136	68,390
Total assets	2,260,760	2,478,622
Deposits:
Noninterest-bearing	392,573	524,359
Interest-bearing	654,750	616,455
Total deposits	1,047,323	1,140,814
Accounts and drafts payable	936,463	1,071,369
Other liabilities	39,327	36,630
Total liabilities	2,023,113	2,248,813
Shareholders’ Equity:
Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued	0	0
Common Stock, Value, Outstanding	7,753	7,753
Additional paid-in capital	205,026	208,007
Retained earnings	148,092	145,782
Common shares in treasury, at cost (1,923,490 shares at September 30, 2024 and 1,923,397 shares at December 31, 2023)	84,139	84,264
Accumulated other comprehensive loss	(39,085)	(47,469)
Total shareholders’ equity	237,647	229,809
Total liabilities and shareholders’ equity	$ 2,260,760	$ 2,478,622

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par or stated value per share (in dollars per share)	$ 0.50	$ 0.50
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par or stated value per share (in dollars per share)	$ 0.50	$ 0.50
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares, issued (in shares)	15,505,772	15,505,772
Common stock, shares, outstanding (in shares)	13,582,282	13,582,375
Treasury stock shares (in shares)	1,923,490	1,923,397

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fee Revenue and Other Income:
Fee revenues	$ 31,584	$ 31,783	$ 95,945	$ 94,120
Other	1,562	1,264	4,158	3,624
Total fee revenue and other income	32,792	32,800	99,149	96,980
Interest Income:
Interest and fees on loans	14,567	12,863	40,935	38,029
Interest and dividends on securities:
Taxable	3,114	3,428	10,118	10,702
Exempt from federal income taxes	893	964	2,709	3,161
Interest on federal funds sold and other short-term investments	4,200	3,934	11,908	9,147
Total interest income	22,774	21,189	65,670	61,039
Interest Expense:
Interest on deposits	5,155	4,641	15,645	11,463
Interest on short-term borrowings	1	0	1	116
Total interest expense	5,156	4,641	15,646	11,579
Net interest income	17,618	16,548	50,024	49,460
(Release of) provision for credit losses	(140)	125	355	(335)
Net interest income after (release of) provision for credit losses	17,758	16,423	49,669	49,795
Total net revenue	50,550	49,223	148,818	146,775
Operating Expense:
Personnel	29,867	29,636	90,331	89,094
Occupancy	890	908	2,577	2,670
Equipment	2,107	1,789	5,976	5,188
Bad debt expense	6,559	0	7,847	0
Amortization of intangible assets	183	195	556	585
Other operating expense	7,292	7,535	23,075	22,237
Total operating expense	46,898	40,063	130,362	119,774
Income before income tax expense	3,652	9,160	18,456	27,001
Income tax expense	714	1,766	3,882	5,352
Net income	$ 2,938	$ 7,394	$ 14,574	$ 21,649
Basic earnings per share (in dollars per share)	$ 0.22	$ 0.55	$ 1.08	$ 1.60
Diluted earnings per share (in dollars per share)	$ 0.21	$ 0.54	$ 1.06	$ 1.56
Processing fees
Fee Revenue and Other Income:
Fee revenues	$ 20,053	$ 19,939	$ 62,409	$ 58,838
Financial fees
Fee Revenue and Other Income:
Fee revenues	$ 11,177	$ 11,597	$ 32,582	$ 34,518

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Comprehensive Income
Net income	$ 2,938	$ 7,394	$ 14,574	$ 21,649
Other comprehensive income (loss):
Net unrealized gain (loss) on securities available-for-sale	13,624	(13,659)	10,938	(10,105)
Tax effect	(3,243)	3,251	(2,604)	2,405
Reclassification adjustments for losses included in net income	0	0	13	160
Tax effect	0	0	(3)	(38)
Foreign currency translation adjustments	172	(118)	40	(21)
Total comprehensive income (loss)	$ 13,491	$ (3,132)	$ 22,958	$ 14,050

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows From Operating Activities:
Net income	$ 14,574	$ 21,649
Amortization of intangible assets	556	585
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion (Amortization) of Discounts and Premiums, Investments	2,916	(3,378)
Depreciation	3,646	3,061
Losses on sales of securities	13	160
Stock-based compensation expense	2,598	3,797
(Release of) provision for credit losses	355	(335)
Increase (decrease) in current income tax liability	55	(1,496)
Increase in pension liability	635	346
Increase in accounts receivable	(5,193)	(1,234)
Other operating activities, net	164	(545)
Net cash provided by operating activities	20,319	29,366
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale	24,985	111,053
Proceeds from maturities of securities available-for-sale	130,518	29,410
Purchase of securities available-for-sale	(71,121)	(15,332)
Net (increase) decrease in loans	(64,069)	43,286
(Increase) decrease in payments in advance of funding	(8,341)	35,188
Purchases of premises and equipment, net	(7,848)	(9,360)
Net cash provided by investing activities	4,124	194,245
Net decrease in noninterest-bearing demand deposits	(131,786)	(131,465)
Cash Flows From Financing Activities:
Net (Increase) Decrease In Accounts and Drafts Receivable From Customers	79,760	67,069
Net decrease in noninterest-bearing demand deposits	(131,786)	(131,465)
Net increase in interest-bearing demand and savings deposits	33,640	15,304
Net increase in time deposits	4,655	36,286
Net decrease in accounts and drafts receivable from customers	(134,906)	14,624
Cash dividends paid	(12,264)	(11,887)
Purchase of common shares for treasury	(3,705)	(5,212)
Other financing activities, net	(1,749)	(837)
Net cash used in financing activities	(166,355)	(16,118)
Net (decrease) increase in cash and cash equivalents	(141,912)	207,493
Cash and cash equivalents at beginning of period	372,468	200,942
Cash and cash equivalents at end of period	230,556	408,435
Supplemental information:
Cash paid for interest	15,653	11,049
Cash paid for income taxes	$ 4,095	$ 6,775

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2022	$ 206,325	$ 7,753	$ 207,422	$ 131,682	$ (81,211)	$ (59,321)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	21,649			21,649
Cash dividends	(11,887)			(11,887)
Issuance of common shares pursuant to stock-based compensation plan, net	(721)		(3,336)		2,615
Exercise of SARs	(116)		(238)		122
Stock-based compensation expense	3,797		3,815
Purchase of common shares	(5,212)				(5,212)
Other comprehensive income (loss)	(7,599)					(7,599)
Ending balance at Sep. 30, 2023	206,236	7,753	207,663	141,444	(83,704)	(66,920)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted Stock Award, Forfeitures					(18)
Beginning balance at Jun. 30, 2023	215,146	7,753	206,734	137,996	(80,943)	(56,394)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,394			7,394
Cash dividends	(3,946)			(3,946)
Issuance of common shares pursuant to stock-based compensation plan, net	65		(9)		74
Stock-based compensation expense	938		938
Purchase of common shares	(2,835)				(2,835)
Other comprehensive income (loss)	(10,526)					(10,526)
Ending balance at Sep. 30, 2023	206,236	7,753	207,663	141,444	(83,704)	(66,920)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted Stock Award, Forfeitures					0
Beginning balance at Dec. 31, 2023	229,809	7,753	208,007	145,782	(84,264)	(47,469)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,574			14,574
Cash dividends	(12,264)			(12,264)
Issuance of common shares pursuant to stock-based compensation plan, net	(1,749)		(5,611)		3,862
Stock-based compensation expense	2,598		2,630
Purchase of common shares	(3,705)				(3,705)
Other comprehensive income (loss)	8,384					8,384
Ending balance at Sep. 30, 2024	237,647	7,753	205,026	148,092	(84,139)	(39,085)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted Stock Award, Forfeitures					(32)
Beginning balance at Jun. 30, 2024	229,925	7,753	204,128	149,236	(81,554)	(49,638)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,938			2,938
Cash dividends	(4,082)			(4,082)
Issuance of common shares pursuant to stock-based compensation plan, net	66		0		66
Stock-based compensation expense	898		898
Purchase of common shares	(2,651)				(2,651)
Other comprehensive income (loss)	10,553					10,553
Ending balance at Sep. 30, 2024	$ 237,647	$ 7,753	$ 205,026	$ 148,092	(84,139)	$ (39,085)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted Stock Award, Forfeitures					$ 0

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.30	$ 0.29	$ 0.90	$ 0.87
Issuance of common shares pursuant to stock-based compensation plan, net (in shares)	1,505	1,685	124,801	82,906
Purchase of common shares (in shares)	64,471	73,272	87,742	136,577

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Certain amounts in prior-period financial statements have been reclassified to conform to the current period’s presentation. Such reclassifications have no effect on previously reported net income or shareholders’ equity. For further information, refer to the audited consolidated financial statements and related footnotes included in Cass Information System, Inc.’s (the “Company” or “Cass”) Annual Report on Form 10-K for the year ended December 31, 2023 ("2023 Form 10-K").

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets The Company accounts for intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350, Goodwill and Other Intangible Assets , which requires that intangibles with indefinite useful lives be tested annually for impairment, or when management deems there is a triggering event, and those with finite useful lives be amortized over their useful lives. Details of the Company’s intangible assets are as follows: September 30, 2024 December 31, 2023 (In thousands) Gross Carrying Accumulated Gross Carrying Accumulated Assets eligible for amortization: Customer lists $ 6,470 $ (5,039) $ 6,470 $ (4,851) Patents 72 (39) 72 (36) Software 3,212 (2,252) 3,212 (1,933) Trade name 373 (91) 373 (70) Other 500 (417) 500 (392) Unamortized intangible assets: Goodwill 17,309 — 17,309 — Total intangible assets $ 27,936 $ (7,838) $ 27,936 $ (7,282)

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. Under the treasury stock method, stock appreciation rights (“SARs”) are dilutive when the average market price of the Company’s common stock, combined with the effect of any unamortized compensation expense, exceeds the SAR price during a period. The calculations of basic and diluted earnings per share are as follows: (In thousands except share and per share data) Three Months Ended Nine Months Ended 2024 2023 2024 2023 Basic Net income $ 2,938 $ 7,394 $ 14,574 $ 21,649 Weighted-average common shares outstanding 13,504,204 13,501,469 13,524,165 13,551,070 Basic earnings per share $ 0.22 $ 0.55 $ 1.08 $ 1.60 Diluted Net income $ 2,938 $ 7,394 $ 14,574 $ 21,649 Weighted-average common shares outstanding 13,504,204 13,501,469 13,524,165 13,551,070 Effect of dilutive restricted stock and stock appreciation rights 281,793 291,142 273,575 285,354 Weighted-average common shares outstanding assuming dilution 13,785,997 13,792,611 13,797,740 13,836,424 Diluted earnings per share $ 0.21 $ 0.54 $ 1.06 $ 1.56

Stock Repurchases

Stock Repurchases	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Stock Repurchases	Stock Repurchases The Company maintains a treasury stock buyback program pursuant to which, in October 2023, the Board of Directors authorized the repurchase of up to 500,000 shares of the Company’s common stock with no expiration date. As of September 30, 2024, the Company had 398,294 shares remaining available for repurchase under the program. The Company repurchased 64,471 and 87,742 shares during the three and nine months ended September 30, 2024, respectively and 73,272 and 136,577 shares during the three and nine months ended September 30, 2023, respectively. Repurchases may be made in the open market or through negotiated transactions from time to time depending on market conditions.

Industry Segment Information

Industry Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Industry Segment Information	Industry Segment Information The services provided by the Company are classified into two reportable segments: Information Services and Banking Services. Each of these segments provides distinct services that are marketed through different channels. They are managed separately due to their unique service and processing requirements. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants, and faith-based ministries, as well as supporting the banking needs of the Information Services segment. The Company’s accounting policies for segments are the same as those described in the summary of significant accounting policies in the Company’s 2023 Form 10-K. Management evaluates segment performance based on pre-tax income after allocations for corporate expenses. Transactions between segments are accounted for at what management believes to be fair value. Substantially all revenue originates from, and all long-lived assets are located within, the United States and no revenue from any customer of any segment exceeds 10% of the Company’s consolidated revenue. Funding sources represent average balances and deposits generated by Information Services and Banking Services and there is no allocation methodology used. Banking Services interest income is determined by actual interest income on loans minus actual interest expense paid on deposits plus/minus an allocation for interest income or expense dependent on the remaining available liquidity of the segment. Information Services interest income is determined by multiplying available liquidity by actual yields on short-term investments and investment securities. Any difference between total segment interest income and overall total Company interest income is included in Corporate, Eliminations, and Other. Summarized information about the Company’s operations in each industry segment is as follows: (In thousands) Information Banking Corporate, Total Three Months Ended September 30, 2024: Fee income $ 31,830 $ 614 $ 348 $ 32,792 Interest income 10,223 15,630 (3,079) 22,774 Interest expense 333 9,005 (4,182) 5,156 Intersegment income (expense) (938) 938 — — Pre-tax income (352) 2,552 1,452 3,652 Goodwill 17,173 136 — 17,309 Other intangible assets, net 2,789 — — 2,789 Total assets 1,371,095 1,172,264 (282,599) 2,260,760 Average funding sources $ 1,293,512 $ 774,126 $ — $ 2,067,638 Three Months Ended September 30, 2023: Fee income $ 31,843 $ 664 $ 293 $ 32,800 Interest income 10,143 13,879 (2,833) 21,189 Interest expense 437 7,523 (3,319) 4,641 Intersegment income (expense) (1,117) 1,117 — — Pre-tax income 6,100 2,282 778 9,160 Goodwill 17,173 136 — 17,309 Other intangible assets, net 3,540 — — 3,540 Total assets 1,648,152 1,130,345 (273,619) 2,504,878 Average funding sources $ 1,347,074 $ 795,011 $ — $ 2,142,085 Nine Months Ended September 30, 2024: Fee income $ 96,214 $ 1,919 $ 1,016 $ 99,149 Interest income 30,166 44,194 (8,690) 65,670 Interest expense 1,245 25,468 (11,067) 15,646 Intersegment income (expense) (2,992) 2,992 — — Pre-tax income 8,733 6,330 3,393 18,456 Goodwill 17,173 136 — 17,309 Other intangible assets, net 2,789 — — 2,789 Total assets 1,371,095 1,172,264 (282,599) 2,260,760 Average funding sources $ 1,288,546 $ 786,541 $ — $ 2,075,087 Nine Months Ended September 30, 2023: Fee income $ 94,280 $ 2,001 $ 699 $ 96,980 Interest income 29,053 40,885 (8,899) 61,039 Interest expense 604 20,296 (9,321) 11,579 Intersegment income (expense) (3,093) 3,093 — — Pre-tax income 16,964 8,917 1,120 27,001 Goodwill 17,173 136 — 17,309 Other intangible assets, net 3,540 — — 3,540 Total assets 1,648,152 1,130,345 (273,619) 2,504,878 Average funding sources $ 1,343,750 $ 820,335 $ — $ 2,164,085

Loans by Type

Loans by Type	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Loans by Type	Loans by Type A summary of loans is as follows: (In thousands) September 30, December 31, Commercial and industrial $ 548,519 $ 498,502 Real estate: Commercial: Mortgage 119,119 118,371 Construction 9,479 8,233 Faith-based: Mortgage 376,573 381,368 Construction 24,696 7,790 Other 1 54 Total loans $ 1,078,387 $ 1,014,318 The following table presents the aging of loans past due by category at September 30, 2024 and December 31, 2023: Performing Nonperforming (In thousands) Current 30-59 60-89 90 Non- Total September 30, 2024 Commercial and industrial $ 548,075 $ 444 $ — $ — $ — $ 548,519 Real estate Commercial: Mortgage 119,119 — — — — 119,119 Construction 9,479 — — — — 9,479 Faith-based: Mortgage 376,573 — — — — 376,573 Construction 24,696 — — — — 24,696 Other 1 — — — — 1 Total $ 1,077,943 $ 444 $ — $ — $ — $ 1,078,387 December 31, 2023 Commercial and industrial $ 498,502 $ — $ — $ — $ — $ 498,502 Real estate Commercial: Mortgage 118,371 — — — — 118,371 Construction 8,233 — — — — 8,233 Faith-based: Mortgage 381,368 — — — — 381,368 Construction 7,790 — — — — 7,790 Other 54 — — — — 54 Total $ 1,014,318 $ — $ — $ — $ — $ 1,014,318 The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of September 30, 2024 and December 31, 2023: (In thousands) Loans Subject to Normal Monitoring 1 Performing Loans Subject to Special Monitoring 2 Nonperforming Loans Subject to Special Monitoring 2 Total Loans September 30, 2024 Commercial and industrial $ 546,975 $ 1,544 $ — $ 548,519 Real estate Commercial: Mortgage 115,966 3,153 — 119,119 Construction 9,479 — — 9,479 Faith-based: Mortgage 359,805 16,768 — 376,573 Construction 24,696 — — 24,696 Other 1 — — 1 Total $ 1,056,922 $ 21,465 $ — $ 1,078,387 December 31, 2023 Commercial and industrial $ 498,502 $ — $ — $ 498,502 Real estate Commercial: Mortgage 118,371 — — 118,371 Construction 8,233 — — 8,233 Faith-based: Mortgage 375,865 5,503 — 381,368 Construction 7,790 — — 7,790 Other 54 — — 54 Total $ 1,008,815 $ 5,503 $ — $ 1,014,318 1 Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations. 2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. Loan modifications to borrowers experiencing financial difficulty may be in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, a term extension, or a combination thereof, among other things. There were no loans modified during the nine months ended September 30, 2024. The following table shows the amortized cost of loans that were both experiencing financial difficulty and modified during the nine months ended September 30, 2023, segregated by category and type of modification. (In thousands) Payment Delay Term Extension Interest Rate Reduction Combination Term Extension and Interest Rate Reduction Percentage of Total Loans Held for Investment Commercial and industrial $ — $ 10,709 $ — $ — 2.07 % Total $ — $ 10,709 $ — $ — 1.03 % There were two loans modified during the nine months ended September 30, 2023. The terms were extended by periods of two and three years and there was not an interest rate reduction associated with the modifications. The following table shows the payment status of loans that have been modified to borrowers experiencing financial difficulty in the last twelve months: (In thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Commercial and industrial $ 10,975 $ — $ — $ — $ — Total $ 10,975 $ — $ — $ — $ — At September 30, 2024, the Company had no commitments to lend additional funds to borrowers experiencing financial difficulty for which the Company modified the terms of the loans in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, or a term extension during the current period. There were no modified loans that had a payment default during the nine months ended September 30, 2024 or 2023 and that had been modified due to the borrower experiencing financial difficulty within the 12 previous months preceding the default. Upon the Company's determination that a modified loan has subsequently been deemed uncollectible, the loan is written off. There were no loans written off during the nine months ended September 30, 2024 or 2023. The Company had no loans evaluated for expected credit losses on an individual basis as of September 30, 2024, and December 31, 2023, respectively. There were no foreclosed loans recorded as other real estate owned as of September 30, 2024 or December 31, 2023. A summary of the activity in the allowance for credit losses (“ACL”) by category for the nine months ended September 30, 2024 and year-ended December 31, 2023 is as follows: (In thousands) C&I CRE Faith-based Construction Total Balance at December 31, 2022 $ 5,978 $ 940 $ 6,437 $ 184 $ 13,539 (Release of) provision for credit losses (566) 153 39 (76) (450) Balance at December 31, 2023 $ 5,412 $ 1,093 $ 6,476 $ 108 $ 13,089 Provision for (release of) credit losses (1) 263 (75) 66 104 358 Balance at September 30, 2024 $ 5,675 $ 1,018 $ 6,542 $ 212 $ 13,447 (1) For the nine months ended September 30, 2024 and year-ended December 31, 2023, there was a release of credit losses of $3,000 and $100,000, respectively, for unfunded commitments.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Company is party to activities that contain credit, market and operational risks that are not reflected in whole or in part in the Company’s consolidated financial statements. As more fully described in the Form 10-K, such activities include traditional off-balance sheet credit-related financial instruments. These financial instruments include commitments to extend credit, commercial letters of credit and standby letters of credit. The Company’s maximum potential exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, commercial letters of credit and standby letters of credit is represented by the contractual amounts of those instruments. Commitments to extend credit and letters of credit are subject to the same underwriting standards as those financial instruments included on the consolidated balance sheets. An allowance for unfunded commitments of $129,000 and $132,000 had been recorded at September 30, 2024 and December 31, 2023, respectively. At September 30, 2024, the balances of unfunded commitments, standby and commercial letters of credit were $208.3 million, $13.5 million, and $273,000, respectively. Since some of the financial instruments may expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. On March 19, 2024, the Company filed a claim against Rubicon Technologies, Inc. ("Rubicon") for failed reimbursement of invoices that were processed and paid by the Company on Rubicon's behalf and unpaid fees for Company services that are due for invoice management services and bill pay services, together with interest and penalties related to the foregoing amounts. At September 30, 2024, Rubicon owes the Company approximately $8.4 million, of which $7.8 million relates to previously accrued service fees and invoices paid by the Company which were not reimbursed by Rubicon. The Company evaluated the receivable from a credit loss perspective, and, based on this evaluation, recorded a write-off to bad debt expense of $6.6 million $6.6 million and $7.8 million $7.8 million for the three and nine months ended September 30, 2024, respectively. The Company strongly believes in the merits of its claim against Rubicon.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation On February 16, 2023, the Board of Directors adopted the 2023 Omnibus Stock and Performance Compensation Plan (the "2023 Omnibus Plan"), which was approved by the Company's shareholders on April 18, 2023. The 2023 Omnibus Plan permits the issuance of up to 1.0 million shares of the Company’s common stock in the form of stock options, SARs, restricted stock, restricted stock units, phantom stock, and performance awards. During the nine months ended September 30, 2024, 55,967 time-based restricted shares and 51,261 performance-based restricted shares were granted under the 2023 Omnibus Plan. Stock-based compensation expense was $898,000 and $2.6 million for the three and nine months ended September 30, 2024, respectively, and $938,000 and $3.8 million for the three and nine months ended September 30, 2023, respectively. Restricted Stock Restricted shares granted to Company employees are amortized to expense over a three-year cliff vesting period, or until vesting occurs upon retirement. Restricted shares granted to members of the Board of Directors are amortized to expense over a one-year service period, with the exception of those shares granted in lieu of cash payments for retainer fees which are expensed in the period earned. As of September 30, 2024, the total unrecognized compensation expense related to non-vested restricted shares was $2.1 million, and the related weighted-average period over which it is expected to be recognized is approximately 0.60 years. Following is a summary of the activity of the Company's restricted stock for the nine months ended September 30, 2024, with total shares and weighted-average fair value: Nine Months Ended Shares Fair Value Balance at December 31, 2023 237,780 $ 42.17 Granted 55,967 44.05 Vested (39,764) 32.78 Forfeitures (710) 43.70 Balance at September 30, 2024 253,273 $ 42.87 Performance-Based Restricted Stock The Company has granted three-year performance-based restricted stock (“PBRS”) awards which are contingent upon the Company’s achievement of pre-established financial goals over a three-year cliff vest period. The number of shares issued ranges from 0% to 150% of the target opportunity based on the actual achievement of financial goals for the three-year performance period. Following is a summary of the activity of the PBRS for the nine months ended September 30, 2024, based on 100% of target value: Nine Months Ended Shares Fair Value Balance at December 31, 2023 159,073 $ 42.74 Granted 51,261 44.29 Vested (50,840) 40.74 Forfeitures (1,066) 43.70 Balance at September 30, 2024 158,428 $ 43.87 The PBRS that vested during the nine months ended September 30, 2024 were based on the Company's achievement of 135.4% of target financial goals for the 2021-2023 performance period, resulting in the issuance of 68,834 shares of common stock. The outstanding PBRS at September 30, 2024 will vest at scheduled vesting dates and the actual number of shares of common stock issued will range from 0% to 150% of the target opportunity based on the actual achievement of financial goals for the respective three-year performance period. Stock Appreciation Rights There were no stock appreciation rights ("SARs") granted and no expense recognized during the nine months ended September 30, 2024. Following is a summary of the activity of the Company’s SARs program for the nine months ended September 30, 2024: Shares Weighted- Average Aggregate Intrinsic Value (In thousands) Balance at December 31, 2023 30,409 $ 46.70 0.08 $ — Forfeited (30,409) 46.70 0.00 — Exercisable at September 30, 2024 — $ — 0.00 $ —

Defined Pension Plans

Defined Pension Plans	9 Months Ended
	Sep. 30, 2024
Retirement Benefits [Abstract]
Defined Pension Plans	Defined Pension Plans The Company has a noncontributory defined-benefit pension plan (the “Plan”), which covers eligible employees. Effective December 31, 2016, the Plan was closed to all new participants. Additionally, the Plan’s benefits were frozen for all remaining participants as of February 28, 2021. On July 16, 2024, the Company approved an Amendment providing for the termination of the Plan. The Company expects to record one-time termination expenses of approximately $4.0 million to $6.0 million through operating expense related to the termination of the Plan during the fourth quarter of 2024 as the Plan's liabilities are settled via lump sum payments or annuity purchases. The following table represents the components of net periodic pension cost: (In thousands) Estimated 2024 Actual 2023 Interest cost on projected benefit obligations $ 4,291 $ 4,314 Expected return on plan assets (3,512) (3,735) Net amortization — 154 Net periodic pension cost $ 779 $ 733 The Company recorded net periodic pension cost of $195,000 and $584,000 for the three and nine months ended September 30, 2024, and $100,000 and $299,000 for the three and nine months ended September 30, 2023. The Company made no contributions to the Plan during the nine months ended September 30, 2024. The Company may need to make a contribution to the Plan during the fourth quarter of 2024 depending on the cash needed to fund lump sum payments and annuity purchases versus existing assets in the Plan. In addition to the above Plan, the Company has an unfunded supplemental executive retirement plan (the "SERP"). There are no current employees earning benefits and therefore, there is no service cost associated with the SERP. The following table represents the components of the net periodic cost for the SERP: (In thousands) Estimated 2024 Actual 2023 Interest cost on projected benefit obligation $ 451 $ 472 Net periodic pension cost $ 451 $ 472

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate was 19.6% and 21.0% for the three and nine months ended September 30, 2024, and was 19.3% and 19.8% for the three and nine months ended September 30, 2023, respectively. The effective tax rate for all periods differs from the statutory rate of 21% primarily due to tax-exempt interest received from municipal bonds and bank-owned life insurance, partially offset by state related taxes, among other factors.

Investment in Securities

Investment in Securities	3 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments in Securities	Investment in Securities Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company’s investment securities available-for-sale are measured at fair value using Level 2 inputs including observable trade data, market data, etc. The market evaluation utilizes several sources which include “observable inputs” rather than “significant unobservable inputs” and therefore fall into the Level 2 category. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: September 30, 2024 (In thousands) Amortized Gross Gross Fair State and political subdivisions $ 216,438 $ 35 $ (13,368) $ 203,105 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 225,749 548 (27,024) 199,273 Corporate bonds 118,923 17 (6,552) 112,388 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 36,496 — (506) 35,990 Total $ 597,606 $ 600 $ (47,450) $ 550,756 December 31, 2023 (In thousands) Amortized Gross Gross Fair Value State and political subdivisions $ 235,297 $ 4 $ (16,266) $ 219,035 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 188,307 — (30,508) 157,799 Corporate bonds 111,109 — (8,769) 102,340 Treasury securities 109,836 — (1,115) 108,721 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 40,368 — (1,146) 39,222 Total $ 684,917 $ 4 $ (57,804) $ 627,117 The fair values of securities with unrealized losses are as follows: September 30, 2024 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 4,971 $ 4 $ 178,533 $ 13,364 $ 183,504 $ 13,368 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 28,995 173 144,309 26,851 173,304 27,024 Corporate bonds 25,682 324 81,671 6,228 107,353 6,552 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 35,990 506 35,990 506 Total $ 59,648 $ 501 $ 440,503 $ 46,949 $ 500,151 $ 47,450 December 31, 2023 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 63,198 $ 220 $ 152,854 $ 16,046 $ 216,052 $ 16,266 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 157,799 30,508 157,799 30,508 Corporate bonds 19,545 455 82,795 8,314 102,340 8,769 Treasury securities — — 108,721 1,115 108,721 1,115 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 39,222 1,146 39,222 1,146 Total $ 82,743 $ 675 $ 541,391 $ 57,129 $ 624,134 $ 57,804 There were 244 securities, or 90.0% (226 of which for greater than 12 months), in an unrealized loss position as of September 30, 2024. The unrealized losses at September 30, 2024 were primarily attributable to changes in market interest rates after the securities were purchased. The Company does not currently intend to sell, and based on current conditions, the Company does not believe it will be required to sell these available-for-sale securities before the recovery of the amortized cost basis, which may be the maturity dates of the securities. Therefore, the unrealized losses are recorded in accumulated other comprehensive loss. There were 275 securities, or 98.9% (210 of which for greater than 12 months), in an unrealized loss position as of December 31, 2023. At September 30, 2024 and December 31, 2023, the Company had not recorded an allowance for credit losses on securities. The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. September 30, 2024 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 35,699 $ 35,639 Due after 1 year through 5 years 125,559 123,939 Due after 5 years through 10 years 200,477 182,058 Due after 10 years 235,871 209,120 Total $ 597,606 $ 550,756

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: September 30, 2024 December 31, 2023 (In thousands) Carrying Fair Value Carrying Fair Value Balance sheet assets: Cash and cash equivalents $ 230,556 $ 230,556 $ 372,468 $ 372,468 Investment securities 550,756 550,756 627,117 627,117 Loans, net 1,064,940 1,037,925 1,001,229 962,223 Accrued interest receivable 8,334 8,334 8,450 8,450 Total $ 1,854,586 $ 1,827,571 $ 2,009,264 $ 1,970,258 Balance sheet liabilities: Deposits $ 1,047,323 $ 1,047,323 $ 1,140,814 $ 1,140,814 Accounts and drafts payable 936,463 936,463 1,071,369 1,071,369 Accrued interest payable 627 627 635 635 Total $ 1,984,413 $ 1,984,413 $ 2,212,818 $ 2,212,818 The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents - The carrying amount approximates fair value. Investment in Securities - The fair value is measured on a recurring basis using Level 2 inputs including observable trade data, market data, etc. Refer to Note 11, “Investment in Securities,” for fair value and unrealized gains and losses by investment type. Loans - The fair value is estimated using present values of future cash flows discounted at risk-adjusted interest rates for each loan category designated by management and is therefore a Level 3 valuation. Management believes that the risk factor embedded in the interest rates along with the allowance for credit losses result in a fair valuation. Accrued Interest Receivable - The carrying amount approximates fair value. Deposits - The fair value of demand deposits, savings deposits and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities and therefore, is a Level 2 valuation. The fair value estimates above do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market or the benefit derived from the customer relationship inherent in existing deposits. Accounts and Drafts Payable - The carrying amount approximates fair value. Accrued Interest Payable - The carrying amount approximates fair value.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customers	Revenue from Contracts with Customers Revenue is recognized as the obligation to the customer is satisfied. The following is detail of the Company’s revenue from contracts with clients. Processing fees – The Company earns fees on a per-item or monthly basis for the invoice processing services rendered on behalf of customers. Per-item fees are recognized at the point in time when the performance obligation is satisfied. Monthly fees are earned over the course of a month, representing the period over which the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. Financial fees – The Company earns fees on a transaction level basis for invoice payment services when making customer payments. Fees are recognized at the point in time when the payment transactions are made, which is when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. Bank service fees – Revenue from service fees consists of service charges and fees on deposit accounts under depository agreements with customers to provide access to deposited funds. Service charges on deposit accounts are transaction-based fees that are recognized at the point in time when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope for the periods ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Fee revenue and other income In-scope of FASB ASC 606 Processing fees $ 20,053 $ 19,939 $ 62,409 $ 58,838 Financial fees 11,177 11,597 32,582 34,518 Information services payment and processing revenue 31,230 31,536 94,991 93,356 Bank service fees 354 247 954 764 Fee revenue (in-scope of FASB ASC 606) 31,584 31,783 95,945 94,120 Other income (out-of-scope of FASB ASC 606) 1,208 1,017 3,204 2,860 Total fee revenue and other income $ 32,792 $ 32,800 $ 99,149 $ 96,980

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	Leases The Company leases certain premises under operating leases. As of September 30, 2024, the Company had lease liabilities of $7.7 million and right-of-use assets of $7.3 million. Lease liabilities and right-of-use assets are reflected in other liabilities and other assets A maturity analysis of operating lease liabilities and undiscounted cash flows as of September 30, 2024 is as follows: (In thousands) September 30, Lease payments due Less than 1 year $ 1,339 1-2 years 1,354 2-3 years 1,350 3-4 years 1,343 4-5 years 1,265 Over 5 years 1,953 Total undiscounted cash flows 8,604 Discount on cash flows 902 Total lease liability $ 7,702 There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the nine months ended September 30, 2024.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	In accordance with FASB ASC 855, Subsequent Events , the Company has evaluated subsequent events after the consolidated balance sheet date of September 30, 2024. There were no events identified that would require additional disclosures to prevent the Company’s unaudited consolidated financial statements from being misleading.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Details of the Company’s intangible assets are as follows: September 30, 2024 December 31, 2023 (In thousands) Gross Carrying Accumulated Gross Carrying Accumulated Assets eligible for amortization: Customer lists $ 6,470 $ (5,039) $ 6,470 $ (4,851) Patents 72 (39) 72 (36) Software 3,212 (2,252) 3,212 (1,933) Trade name 373 (91) 373 (70) Other 500 (417) 500 (392) Unamortized intangible assets: Goodwill 17,309 — 17,309 — Total intangible assets $ 27,936 $ (7,838) $ 27,936 $ (7,282)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculations of basic and diluted earnings per share are as follows: (In thousands except share and per share data) Three Months Ended Nine Months Ended 2024 2023 2024 2023 Basic Net income $ 2,938 $ 7,394 $ 14,574 $ 21,649 Weighted-average common shares outstanding 13,504,204 13,501,469 13,524,165 13,551,070 Basic earnings per share $ 0.22 $ 0.55 $ 1.08 $ 1.60 Diluted Net income $ 2,938 $ 7,394 $ 14,574 $ 21,649 Weighted-average common shares outstanding 13,504,204 13,501,469 13,524,165 13,551,070 Effect of dilutive restricted stock and stock appreciation rights 281,793 291,142 273,575 285,354 Weighted-average common shares outstanding assuming dilution 13,785,997 13,792,611 13,797,740 13,836,424 Diluted earnings per share $ 0.21 $ 0.54 $ 1.06 $ 1.56

Industry Segment Information (T

Industry Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summarized information about the Company’s operations in each industry segment is as follows: (In thousands) Information Banking Corporate, Total Three Months Ended September 30, 2024: Fee income $ 31,830 $ 614 $ 348 $ 32,792 Interest income 10,223 15,630 (3,079) 22,774 Interest expense 333 9,005 (4,182) 5,156 Intersegment income (expense) (938) 938 — — Pre-tax income (352) 2,552 1,452 3,652 Goodwill 17,173 136 — 17,309 Other intangible assets, net 2,789 — — 2,789 Total assets 1,371,095 1,172,264 (282,599) 2,260,760 Average funding sources $ 1,293,512 $ 774,126 $ — $ 2,067,638 Three Months Ended September 30, 2023: Fee income $ 31,843 $ 664 $ 293 $ 32,800 Interest income 10,143 13,879 (2,833) 21,189 Interest expense 437 7,523 (3,319) 4,641 Intersegment income (expense) (1,117) 1,117 — — Pre-tax income 6,100 2,282 778 9,160 Goodwill 17,173 136 — 17,309 Other intangible assets, net 3,540 — — 3,540 Total assets 1,648,152 1,130,345 (273,619) 2,504,878 Average funding sources $ 1,347,074 $ 795,011 $ — $ 2,142,085 Nine Months Ended September 30, 2024: Fee income $ 96,214 $ 1,919 $ 1,016 $ 99,149 Interest income 30,166 44,194 (8,690) 65,670 Interest expense 1,245 25,468 (11,067) 15,646 Intersegment income (expense) (2,992) 2,992 — — Pre-tax income 8,733 6,330 3,393 18,456 Goodwill 17,173 136 — 17,309 Other intangible assets, net 2,789 — — 2,789 Total assets 1,371,095 1,172,264 (282,599) 2,260,760 Average funding sources $ 1,288,546 $ 786,541 $ — $ 2,075,087 Nine Months Ended September 30, 2023: Fee income $ 94,280 $ 2,001 $ 699 $ 96,980 Interest income 29,053 40,885 (8,899) 61,039 Interest expense 604 20,296 (9,321) 11,579 Intersegment income (expense) (3,093) 3,093 — — Pre-tax income 16,964 8,917 1,120 27,001 Goodwill 17,173 136 — 17,309 Other intangible assets, net 3,540 — — 3,540 Total assets 1,648,152 1,130,345 (273,619) 2,504,878 Average funding sources $ 1,343,750 $ 820,335 $ — $ 2,164,085

Loans by Type (Tables)

Loans by Type (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Summary of Loan Categories	A summary of loans is as follows: (In thousands) September 30, December 31, Commercial and industrial $ 548,519 $ 498,502 Real estate: Commercial: Mortgage 119,119 118,371 Construction 9,479 8,233 Faith-based: Mortgage 376,573 381,368 Construction 24,696 7,790 Other 1 54 Total loans $ 1,078,387 $ 1,014,318
Schedule of Debt	The following table presents the aging of loans past due by category at September 30, 2024 and December 31, 2023: Performing Nonperforming (In thousands) Current 30-59 60-89 90 Non- Total September 30, 2024 Commercial and industrial $ 548,075 $ 444 $ — $ — $ — $ 548,519 Real estate Commercial: Mortgage 119,119 — — — — 119,119 Construction 9,479 — — — — 9,479 Faith-based: Mortgage 376,573 — — — — 376,573 Construction 24,696 — — — — 24,696 Other 1 — — — — 1 Total $ 1,077,943 $ 444 $ — $ — $ — $ 1,078,387 December 31, 2023 Commercial and industrial $ 498,502 $ — $ — $ — $ — $ 498,502 Real estate Commercial: Mortgage 118,371 — — — — 118,371 Construction 8,233 — — — — 8,233 Faith-based: Mortgage 381,368 — — — — 381,368 Construction 7,790 — — — — 7,790 Other 54 — — — — 54 Total $ 1,014,318 $ — $ — $ — $ — $ 1,014,318
Schedule of Credit Exposure of the Loan Portfolio	The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of September 30, 2024 and December 31, 2023: (In thousands) Loans Subject to Normal Monitoring 1 Performing Loans Subject to Special Monitoring 2 Nonperforming Loans Subject to Special Monitoring 2 Total Loans September 30, 2024 Commercial and industrial $ 546,975 $ 1,544 $ — $ 548,519 Real estate Commercial: Mortgage 115,966 3,153 — 119,119 Construction 9,479 — — 9,479 Faith-based: Mortgage 359,805 16,768 — 376,573 Construction 24,696 — — 24,696 Other 1 — — 1 Total $ 1,056,922 $ 21,465 $ — $ 1,078,387 December 31, 2023 Commercial and industrial $ 498,502 $ — $ — $ 498,502 Real estate Commercial: Mortgage 118,371 — — 118,371 Construction 8,233 — — 8,233 Faith-based: Mortgage 375,865 5,503 — 381,368 Construction 7,790 — — 7,790 Other 54 — — 54 Total $ 1,008,815 $ 5,503 $ — $ 1,014,318 1 Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations. 2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
Financing Receivable, Troubled Debt Restructuring	The following table shows the amortized cost of loans that were both experiencing financial difficulty and modified during the nine months ended September 30, 2023, segregated by category and type of modification. (In thousands) Payment Delay Term Extension Interest Rate Reduction Combination Term Extension and Interest Rate Reduction Percentage of Total Loans Held for Investment Commercial and industrial $ — $ 10,709 $ — $ — 2.07 % Total $ — $ 10,709 $ — $ — 1.03 % The following table shows the payment status of loans that have been modified to borrowers experiencing financial difficulty in the last twelve months: (In thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Commercial and industrial $ 10,975 $ — $ — $ — $ — Total $ 10,975 $ — $ — $ — $ —
Summary of ACL by Category	A summary of the activity in the allowance for credit losses (“ACL”) by category for the nine months ended September 30, 2024 and year-ended December 31, 2023 is as follows: (In thousands) C&I CRE Faith-based Construction Total Balance at December 31, 2022 $ 5,978 $ 940 $ 6,437 $ 184 $ 13,539 (Release of) provision for credit losses (566) 153 39 (76) (450) Balance at December 31, 2023 $ 5,412 $ 1,093 $ 6,476 $ 108 $ 13,089 Provision for (release of) credit losses (1) 263 (75) 66 104 358 Balance at September 30, 2024 $ 5,675 $ 1,018 $ 6,542 $ 212 $ 13,447 (1) For the nine months ended September 30, 2024 and year-ended December 31, 2023, there was a release of credit losses of $3,000 and $100,000, respectively, for unfunded commitments.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Activity	Following is a summary of the activity of the Company's restricted stock for the nine months ended September 30, 2024, with total shares and weighted-average fair value: Nine Months Ended Shares Fair Value Balance at December 31, 2023 237,780 $ 42.17 Granted 55,967 44.05 Vested (39,764) 32.78 Forfeitures (710) 43.70 Balance at September 30, 2024 253,273 $ 42.87
Schedule of Performance Shares Activity	Following is a summary of the activity of the PBRS for the nine months ended September 30, 2024, based on 100% of target value: Nine Months Ended Shares Fair Value Balance at December 31, 2023 159,073 $ 42.74 Granted 51,261 44.29 Vested (50,840) 40.74 Forfeitures (1,066) 43.70 Balance at September 30, 2024 158,428 $ 43.87
Schedule of Stock Appreciation Right Activity	Following is a summary of the activity of the Company’s SARs program for the nine months ended September 30, 2024: Shares Weighted- Average Aggregate Intrinsic Value (In thousands) Balance at December 31, 2023 30,409 $ 46.70 0.08 $ — Forfeited (30,409) 46.70 0.00 — Exercisable at September 30, 2024 — $ — 0.00 $ —

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	9 Months Ended
	Sep. 30, 2024
Retirement Benefits [Abstract]
Schedule of Expected Benefit Payments	The following table represents the components of net periodic pension cost: (In thousands) Estimated 2024 Actual 2023 Interest cost on projected benefit obligations $ 4,291 $ 4,314 Expected return on plan assets (3,512) (3,735) Net amortization — 154 Net periodic pension cost $ 779 $ 733
Schedule of Net Benefit Costs	The following table represents the components of the net periodic cost for the SERP: (In thousands) Estimated 2024 Actual 2023 Interest cost on projected benefit obligation $ 451 $ 472 Net periodic pension cost $ 451 $ 472

Investment in Securities (Table

Investment in Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	Investment in Securities Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company’s investment securities available-for-sale are measured at fair value using Level 2 inputs including observable trade data, market data, etc. The market evaluation utilizes several sources which include “observable inputs” rather than “significant unobservable inputs” and therefore fall into the Level 2 category. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: September 30, 2024 (In thousands) Amortized Gross Gross Fair State and political subdivisions $ 216,438 $ 35 $ (13,368) $ 203,105 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 225,749 548 (27,024) 199,273 Corporate bonds 118,923 17 (6,552) 112,388 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 36,496 — (506) 35,990 Total $ 597,606 $ 600 $ (47,450) $ 550,756 December 31, 2023 (In thousands) Amortized Gross Gross Fair Value State and political subdivisions $ 235,297 $ 4 $ (16,266) $ 219,035 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 188,307 — (30,508) 157,799 Corporate bonds 111,109 — (8,769) 102,340 Treasury securities 109,836 — (1,115) 108,721 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 40,368 — (1,146) 39,222 Total $ 684,917 $ 4 $ (57,804) $ 627,117 The fair values of securities with unrealized losses are as follows: September 30, 2024 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 4,971 $ 4 $ 178,533 $ 13,364 $ 183,504 $ 13,368 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 28,995 173 144,309 26,851 173,304 27,024 Corporate bonds 25,682 324 81,671 6,228 107,353 6,552 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 35,990 506 35,990 506 Total $ 59,648 $ 501 $ 440,503 $ 46,949 $ 500,151 $ 47,450 December 31, 2023 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 63,198 $ 220 $ 152,854 $ 16,046 $ 216,052 $ 16,266 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 157,799 30,508 157,799 30,508 Corporate bonds 19,545 455 82,795 8,314 102,340 8,769 Treasury securities — — 108,721 1,115 108,721 1,115 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 39,222 1,146 39,222 1,146 Total $ 82,743 $ 675 $ 541,391 $ 57,129 $ 624,134 $ 57,804 There were 244 securities, or 90.0% (226 of which for greater than 12 months), in an unrealized loss position as of September 30, 2024. The unrealized losses at September 30, 2024 were primarily attributable to changes in market interest rates after the securities were purchased. The Company does not currently intend to sell, and based on current conditions, the Company does not believe it will be required to sell these available-for-sale securities before the recovery of the amortized cost basis, which may be the maturity dates of the securities. Therefore, the unrealized losses are recorded in accumulated other comprehensive loss. There were 275 securities, or 98.9% (210 of which for greater than 12 months), in an unrealized loss position as of December 31, 2023. At September 30, 2024 and December 31, 2023, the Company had not recorded an allowance for credit losses on securities. The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. September 30, 2024 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 35,699 $ 35,639 Due after 1 year through 5 years 125,559 123,939 Due after 5 years through 10 years 200,477 182,058 Due after 10 years 235,871 209,120 Total $ 597,606 $ 550,756
Schedule of Unrealized Loss on Investments	The fair values of securities with unrealized losses are as follows: September 30, 2024 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 4,971 $ 4 $ 178,533 $ 13,364 $ 183,504 $ 13,368 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 28,995 173 144,309 26,851 173,304 27,024 Corporate bonds 25,682 324 81,671 6,228 107,353 6,552 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 35,990 506 35,990 506 Total $ 59,648 $ 501 $ 440,503 $ 46,949 $ 500,151 $ 47,450 December 31, 2023 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 63,198 $ 220 $ 152,854 $ 16,046 $ 216,052 $ 16,266 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 157,799 30,508 157,799 30,508 Corporate bonds 19,545 455 82,795 8,314 102,340 8,769 Treasury securities — — 108,721 1,115 108,721 1,115 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 39,222 1,146 39,222 1,146 Total $ 82,743 $ 675 $ 541,391 $ 57,129 $ 624,134 $ 57,804
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. September 30, 2024 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 35,699 $ 35,639 Due after 1 year through 5 years 125,559 123,939 Due after 5 years through 10 years 200,477 182,058 Due after 10 years 235,871 209,120 Total $ 597,606 $ 550,756

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements by Balance Sheet Grouping	Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: September 30, 2024 December 31, 2023 (In thousands) Carrying Fair Value Carrying Fair Value Balance sheet assets: Cash and cash equivalents $ 230,556 $ 230,556 $ 372,468 $ 372,468 Investment securities 550,756 550,756 627,117 627,117 Loans, net 1,064,940 1,037,925 1,001,229 962,223 Accrued interest receivable 8,334 8,334 8,450 8,450 Total $ 1,854,586 $ 1,827,571 $ 2,009,264 $ 1,970,258 Balance sheet liabilities: Deposits $ 1,047,323 $ 1,047,323 $ 1,140,814 $ 1,140,814 Accounts and drafts payable 936,463 936,463 1,071,369 1,071,369 Accrued interest payable 627 627 635 635 Total $ 1,984,413 $ 1,984,413 $ 2,212,818 $ 2,212,818

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Fee revenue and other income In-scope of FASB ASC 606 Processing fees $ 20,053 $ 19,939 $ 62,409 $ 58,838 Financial fees 11,177 11,597 32,582 34,518 Information services payment and processing revenue 31,230 31,536 94,991 93,356 Bank service fees 354 247 954 764 Fee revenue (in-scope of FASB ASC 606) 31,584 31,783 95,945 94,120 Other income (out-of-scope of FASB ASC 606) 1,208 1,017 3,204 2,860 Total fee revenue and other income $ 32,792 $ 32,800 $ 99,149 $ 96,980

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Operating Lease Maturity	A maturity analysis of operating lease liabilities and undiscounted cash flows as of September 30, 2024 is as follows: (In thousands) September 30, Lease payments due Less than 1 year $ 1,339 1-2 years 1,354 2-3 years 1,350 3-4 years 1,343 4-5 years 1,265 Over 5 years 1,953 Total undiscounted cash flows 8,604 Discount on cash flows 902 Total lease liability $ 7,702

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 17,309	$ 17,309	$ 17,309	$ 17,309	$ 17,309
Amortization of intangible assets	183	$ 195	556	$ 585
Expected amortization, remainder of fiscal year	738		738
Amortization expense, next rolling twelve months	730		730
Amortization expense, rolling year two	582		582
Amortization expense, rolling year three	262		262
Amortization expense, rolling year four	$ 254		$ 254
Customer lists | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	7 years		7 years
Customer lists | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	10 years		10 years
Patents
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	18 years		18 years
Software | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years		3 years
Software | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	7 years		7 years
Trade name | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	10 years		10 years
Trade name | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	20 years		20 years
Other
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	15 years		15 years

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets eligible for amortization:
Accumulated Amortization	$ (7,838)	$ (7,282)
Unamortized intangible assets:
Goodwill, gross carrying amount	17,309	17,309
Total intangible assets, net	27,936	27,936
Total intangible assets, accumulated amortization	7,838	7,282
Customer lists
Assets eligible for amortization:
Gross Carrying Amount	6,470	6,470
Accumulated Amortization	(5,039)	(4,851)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	5,039	4,851
Patents
Assets eligible for amortization:
Gross Carrying Amount	72	72
Accumulated Amortization	(39)	(36)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	39	36
Software
Assets eligible for amortization:
Gross Carrying Amount	3,212	3,212
Accumulated Amortization	(2,252)	(1,933)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	2,252	1,933
Trade name
Assets eligible for amortization:
Gross Carrying Amount	373	373
Accumulated Amortization	(91)	(70)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	91	70
Other
Assets eligible for amortization:
Gross Carrying Amount	500	500
Accumulated Amortization	(417)	(392)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	$ 417	$ 392

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic
Net income	$ 2,938	$ 7,394	$ 14,574	$ 21,649
Weighted-average common shares outstanding (in shares)	13,504,204	13,501,469	13,524,165	13,551,070
Basic earnings per share (in dollars per share)	$ 0.22	$ 0.55	$ 1.08	$ 1.60
Diluted
Net Income	$ 2,938	$ 7,394	$ 14,574	$ 21,649
Weighted-average common shares outstanding (in shares)	13,504,204	13,501,469	13,524,165	13,551,070
Effect of dilutive restricted stock and stock appreciation rights (in shares)	281,793	291,142	273,575	285,354
Weighted-average common shares outstanding assuming dilution (in shares)	13,785,997	13,792,611	13,797,740	13,836,424
Diluted earnings per share (in dollars per share)	$ 0.21	$ 0.54	$ 1.06	$ 1.56

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Oct. 31, 2021
Equity [Abstract]
Number of shares authorized to be repurchased (in shares)					500,000
Remaining number of shares authorized to be repurchased (in shares)	398,294		398,294
Treasury stock, shares repurchased (in shares)	64,471	73,272	87,742	136,577

Industry Segment Information (D

Industry Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income	$ 32,792	$ 32,800	$ 99,149	$ 96,980
Interest income	22,774	21,189	65,670	61,039
Interest expense	5,156	4,641	15,646	11,579
Intersegment income (expense)	17,618	16,548	50,024	49,460
Tax-equivalized pre-tax income	3,652	9,160	18,456	27,001
Goodwill	17,309	17,309	17,309	17,309	$ 17,309
Other intangible assets, net	2,789	3,540	2,789	3,540
Total assets	2,260,760	2,504,878	2,260,760	2,504,878	$ 2,478,622
Average funding sources	2,067,638	2,142,085	2,075,087	2,164,085
Corporate, Eliminations and Other
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income	348	293	1,016	699
Interest income	(3,079)	(2,833)	(8,690)	(8,899)
Interest expense	(4,182)	(3,319)	(11,067)	(9,321)
Intersegment income (expense)	0	0	0	0
Tax-equivalized pre-tax income	1,452	778	3,393	1,120
Goodwill	0	0	0	0
Other intangible assets, net	0	0	0	0
Total assets	(282,599)	(273,619)	(282,599)	(273,619)
Average funding sources	0	0	0	0
Information services payment and processing revenue | Operating Segments
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income	31,830	31,843	96,214	94,280
Interest income	10,223	10,143	30,166	29,053
Interest expense	333	437	1,245	604
Intersegment income (expense)	(938)	(1,117)	(2,992)	(3,093)
Tax-equivalized pre-tax income	(352)	6,100	8,733	16,964
Goodwill	17,173	17,173	17,173	17,173
Other intangible assets, net	2,789	3,540	2,789	3,540
Total assets	1,371,095	1,648,152	1,371,095	1,648,152
Average funding sources	1,293,512	1,347,074	1,288,546	1,343,750
Banking Services | Operating Segments
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income	614	664	1,919	2,001
Interest income	15,630	13,879	44,194	40,885
Interest expense	9,005	7,523	25,468	20,296
Intersegment income (expense)	938	1,117	2,992	3,093
Tax-equivalized pre-tax income	2,552	2,282	6,330	8,917
Goodwill	136	136	136	136
Other intangible assets, net	0	0	0	0
Total assets	1,172,264	1,130,345	1,172,264	1,130,345
Average funding sources	$ 774,126	$ 795,011	$ 786,541	$ 820,335

Loans by Type - Summary of Loan

Loans by Type - Summary of Loan Categories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Participating Mortgage Loans [Line Items]
Total loans	$ 1,078,387	$ 1,014,318
Commercial and industrial
Participating Mortgage Loans [Line Items]
Total loans	548,519	498,502
Commercial: | Mortgage
Participating Mortgage Loans [Line Items]
Total loans	119,119	118,371
Commercial: | Construction
Participating Mortgage Loans [Line Items]
Total loans	9,479	8,233
Faith-based: | Mortgage
Participating Mortgage Loans [Line Items]
Total loans	376,573	381,368
Faith-based: | Construction
Participating Mortgage Loans [Line Items]
Total loans	24,696	7,790
Other
Participating Mortgage Loans [Line Items]
Total loans	$ 1	$ 54

Loans by Type - Schedule of the

Loans by Type - Schedule of the Aging of Loans by Loan Categories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Participating Mortgage Loans [Line Items]
Total Loans	$ 1,078,387	$ 1,014,318
Non- accrual	0	0
Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	548,519	498,502
Non- accrual	0	0
Commercial: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	119,119	118,371
Non- accrual	0	0
Commercial: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	9,479	8,233
Non- accrual	0	0
Faith-based: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	376,573	381,368
Non- accrual	0	0
Faith-based: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	24,696	7,790
Non- accrual	0	0
Other
Participating Mortgage Loans [Line Items]
Total Loans	1	54
Non- accrual	0	0
Current
Participating Mortgage Loans [Line Items]
Total Loans	1,077,943	1,014,318
Current | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	548,075	498,502
Current | Commercial: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	119,119	118,371
Current | Commercial: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	9,479	8,233
Current | Faith-based: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	376,573	381,368
Current | Faith-based: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	24,696	7,790
Current | Other
Participating Mortgage Loans [Line Items]
Total Loans	1	54
30-59 Days
Participating Mortgage Loans [Line Items]
Total Loans	444	0
30-59 Days | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	444	0
30-59 Days | Commercial: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
30-59 Days | Commercial: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	0	0
30-59 Days | Faith-based: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
30-59 Days | Faith-based: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	0	0
30-59 Days | Other
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | Commercial: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | Commercial: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | Faith-based: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | Faith-based: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | Other
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | Commercial: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | Commercial: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | Faith-based: | Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | Faith-based: | Construction
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | Other
Participating Mortgage Loans [Line Items]
Total Loans	$ 0	$ 0

Loans by Type - Schedule of t_2

Loans by Type - Schedule of the Credit Exposure of the Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Participating Mortgage Loans [Line Items]
Total loans	$ 1,078,387	$ 1,014,318
Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	1,056,922	1,008,815
Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	21,465	5,503
Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Commercial and industrial
Participating Mortgage Loans [Line Items]
Total loans	548,519	498,502
Commercial and industrial | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	546,975	498,502
Commercial and industrial | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	1,544	0
Commercial and industrial | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Commercial: | Mortgage
Participating Mortgage Loans [Line Items]
Total loans	119,119	118,371
Commercial: | Mortgage | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	115,966	118,371
Commercial: | Mortgage | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	3,153	0
Commercial: | Mortgage | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Commercial: | Construction
Participating Mortgage Loans [Line Items]
Total loans	9,479	8,233
Commercial: | Construction | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	9,479	8,233
Commercial: | Construction | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Commercial: | Construction | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Faith-based: | Mortgage
Participating Mortgage Loans [Line Items]
Total loans	376,573	381,368
Faith-based: | Mortgage | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	359,805	375,865
Faith-based: | Mortgage | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	16,768	5,503
Faith-based: | Mortgage | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Faith-based: | Construction
Participating Mortgage Loans [Line Items]
Total loans	24,696	7,790
Faith-based: | Construction | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	24,696	7,790
Faith-based: | Construction | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Faith-based: | Construction | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Other
Participating Mortgage Loans [Line Items]
Total loans	1	54
Other | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	1	54
Other | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	0	0
Other | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	$ 0	$ 0

Loans by Type - Summary of ACL

Loans by Type - Summary of ACL by Category (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 13,089
Ending balance	13,447	$ 13,089
Loans Excluding Unfunded Commitments
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	13,089	13,539
(Release of) provision for credit losses	358	(450)
Ending balance	13,447	13,089
Loans Excluding Unfunded Commitments | C&I
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,412	5,978
(Release of) provision for credit losses	263	(566)
Ending balance	5,675	5,412
Loans Excluding Unfunded Commitments | CRE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,093	940
(Release of) provision for credit losses	(75)	153
Ending balance	1,018	1,093
Loans Excluding Unfunded Commitments | Faith-based CRE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	6,476	6,437
(Release of) provision for credit losses	66	39
Ending balance	6,542	6,476
Loans Excluding Unfunded Commitments | Construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	108	184
(Release of) provision for credit losses	104	(76)
Ending balance	$ 212	$ 108

Loans by Type (Details) - TDM L

Loans by Type (Details) - TDM Loans $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans Held for Investment	1.03%
Payment Delay
Financing Receivable, Past Due [Line Items]
Modified loans	$ 0
Term Extension
Financing Receivable, Past Due [Line Items]
Modified loans	10,709
Interest Rate Reduction
Financing Receivable, Past Due [Line Items]
Modified loans	0
Combination Term Extension and Interest Rate Reduction
Financing Receivable, Past Due [Line Items]
Modified loans	$ 0
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Percentage of Total Loans Held for Investment	2.07%
Commercial and industrial | Payment Delay
Financing Receivable, Past Due [Line Items]
Modified loans	$ 0
Commercial and industrial | Term Extension
Financing Receivable, Past Due [Line Items]
Modified loans	10,709
Commercial and industrial | Interest Rate Reduction
Financing Receivable, Past Due [Line Items]
Modified loans	0
Commercial and industrial | Combination Term Extension and Interest Rate Reduction
Financing Receivable, Past Due [Line Items]
Modified loans	$ 0

Loans by Type (Details) - TDRs

Loans by Type (Details) - TDRs $ in Thousands	Sep. 30, 2024 USD ($)
Financing Receivable, Past Due [Line Items]
Modified loans	$ 0
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Modified loans	0
Current
Financing Receivable, Past Due [Line Items]
Modified loans	10,975
Current | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Modified loans	10,975
30-59 Days
Financing Receivable, Past Due [Line Items]
Modified loans	0
30-59 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Modified loans	0
60-89 Days
Financing Receivable, Past Due [Line Items]
Modified loans	0
60-89 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Modified loans	0
90 Days and Over
Financing Receivable, Past Due [Line Items]
Modified loans	0
90 Days and Over | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Modified loans	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Loss Contingencies [Line Items]
Allowance for unfunded commitments	$ 129		$ 129		$ 132
Unused loan commitments	208,300		208,300
Bad debt expense	6,559	$ 0	7,847	$ 0
Financial Standby Letter of Credit
Loss Contingencies [Line Items]
Letters of credit	13,500		13,500
Stand by Letters Of Credit Member
Loss Contingencies [Line Items]
Letters of credit	$ 273		$ 273

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 898	$ 938	$ 2,598	$ 3,797
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			55,967
Unrecognized compensation expense	$ 2,100		$ 2,100
Unrecognized compensation expense, period for recognition			7 months 6 days
Nonvested awards shares outstanding (in shares)	253,273		253,273		237,780
Restricted Stock | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Restricted Stock | Nonemployee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			1 year
Restricted Stock | Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares)			55,967
Performance-based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			51,261
Award vesting period			3 years
Percentage of target opportunity for awards to vest			135.40%
Shares issued in period (in shares)			68,834
Nonvested awards shares outstanding (in shares)	158,428		158,428		159,073
Performance-based Restricted Stock | Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares)			51,261
Performance-based Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest			0%
Performance-based Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest			150%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares) | shares	237,780
Granted (in shares) | shares	55,967
Vested (in shares) | shares	(39,764)
Forfeitures (in shares) | shares	(710)
Ending balance (in shares) | shares	253,273
Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 42.17
Granted (in dollars per share) | $ / shares	44.05
Vested (in dollars per share) | $ / shares	32.78
Forfeitures (in dollars per share) | $ / shares	43.70
Ending balance (in dollars per share) | $ / shares	$ 42.87

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of PBRS Activity (Details) - Performance-based Restricted Stock	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares) | shares	159,073
Granted (in shares) | shares	51,261
Vested (in shares) | shares	(50,840)
Forfeitures (in shares) | shares	(1,066)
Ending balance (in shares) | shares	158,428
Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 42.74
Granted (in dollars per share) | $ / shares	44.29
Vested (in dollars per share) | $ / shares	40.74
Forfeitures (in dollars per share) | $ / shares	43.70
Ending balance (in dollars per share) | $ / shares	$ 43.87

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Company's SARs Activity (Details) - SARs - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (in shares)	30,409
Ending balance (in shares)	0	30,409
Fair Value
Beginning balance (in dollars per share)	$ 46.70
Ending balance (in dollars per share)	$ 0	$ 46.70
Outstanding, average remaining contractual term (in years)	0 years	29 days
Aggregate intrinsic value	$ 0	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Forfeitures	30,409
Forfeited (in dollars per share)	$ 46.70

Defined Pension Plans - Narrati

Defined Pension Plans - Narrative (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
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)	$ 195	$ 100	$ 584	$ 299	$ 733
Contributions			0
Supplemental Employee Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)	$ 113	$ 118	$ 338	$ 354	$ 472

Defined Pension Plans - Schedul

Defined Pension Plans - Schedule of Net Periodic Pension Costs (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, 2024	Dec. 31, 2023
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Interest cost on projected benefit obligation						$ 4,314
Expected return on plan assets						(3,735)
Net amortization						154
Net periodic pension (benefit) cost	$ 195	$ 100	$ 584	$ 299		733
Pension Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Interest cost on projected benefit obligation					$ 4,291
Expected return on plan assets					(3,512)
Net amortization					0
Net periodic pension (benefit) cost					779
Supplemental Employee Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Interest cost on projected benefit obligation						472
Net periodic pension (benefit) cost	$ 113	$ 118	$ 338	$ 354		$ 472
Supplemental Employee Retirement Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Interest cost on projected benefit obligation					451
Net periodic pension (benefit) cost					$ 451

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	19.60%	19.30%	21%	19.80%

Investment in Securities - Sche

Investment in Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Amortized Cost	$ 597,606	$ 684,917
Gross Unrealized Gains	600	4
Gross Unrealized Losses	(47,450)	(57,804)
Fair Value	550,756	627,117
AFS, Less than 12 months, Estimated Fair Value	59,648	82,743
AFS, Less than 12 months, Unrealized Losses	501	675
AFS, 12 months or more, Estimated Fair Value	440,503	541,391
AFS, 12 months or more, Unrealized Losses	46,949	57,129
Debt Securities, Available-for-sale, Unrealized Loss Position	500,151	624,134
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	47,450	57,804
State and political subdivisions
Marketable Securities [Line Items]
Amortized Cost	216,438	235,297
Gross Unrealized Gains	35	4
Gross Unrealized Losses	(13,368)	(16,266)
Fair Value	203,105	219,035
AFS, Less than 12 months, Estimated Fair Value	4,971	63,198
AFS, Less than 12 months, Unrealized Losses	4	220
AFS, 12 months or more, Estimated Fair Value	178,533	152,854
AFS, 12 months or more, Unrealized Losses	13,364	16,046
Debt Securities, Available-for-sale, Unrealized Loss Position	183,504	216,052
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	13,368	16,266
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Marketable Securities [Line Items]
Amortized Cost	225,749	188,307
Gross Unrealized Gains	548	0
Gross Unrealized Losses	(27,024)	(30,508)
Fair Value	199,273	157,799
AFS, Less than 12 months, Estimated Fair Value	28,995	0
AFS, Less than 12 months, Unrealized Losses	173	0
AFS, 12 months or more, Estimated Fair Value	144,309	157,799
AFS, 12 months or more, Unrealized Losses	26,851	30,508
Debt Securities, Available-for-sale, Unrealized Loss Position	173,304	157,799
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	27,024	30,508
Corporate bonds
Marketable Securities [Line Items]
Amortized Cost	118,923	111,109
Gross Unrealized Gains	17	0
Gross Unrealized Losses	(6,552)	(8,769)
Fair Value	112,388	102,340
AFS, Less than 12 months, Estimated Fair Value	25,682	19,545
AFS, Less than 12 months, Unrealized Losses	324	455
AFS, 12 months or more, Estimated Fair Value	81,671	82,795
AFS, 12 months or more, Unrealized Losses	6,228	8,314
Debt Securities, Available-for-sale, Unrealized Loss Position	107,353	102,340
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	6,552	8,769
Treasury securities
Marketable Securities [Line Items]
Amortized Cost		109,836
Gross Unrealized Gains		0
Gross Unrealized Losses		(1,115)
Fair Value		108,721
AFS, Less than 12 months, Estimated Fair Value		0
AFS, Less than 12 months, Unrealized Losses		0
AFS, 12 months or more, Estimated Fair Value		108,721
AFS, 12 months or more, Unrealized Losses		1,115
Debt Securities, Available-for-sale, Unrealized Loss Position		108,721
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss		1,115
Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Marketable Securities [Line Items]
Amortized Cost	36,496	40,368
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(506)	(1,146)
Fair Value	35,990	39,222
AFS, Less than 12 months, Estimated Fair Value	0	0
AFS, Less than 12 months, Unrealized Losses	0	0
AFS, 12 months or more, Estimated Fair Value	35,990	39,222
AFS, 12 months or more, Unrealized Losses	506	1,146
Debt Securities, Available-for-sale, Unrealized Loss Position	35,990	39,222
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ 506	$ 1,146

Investment in Securities - Narr

Investment in Securities - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) security	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) security	Sep. 30, 2023 USD ($)	Dec. 31, 2023 security
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities, number of positions | security	244		244		275
Available-for-sale securities, percentage of total securities	90%		90%		98.90%
Available-for-sale securities, number of positions, greater than one year | security	226		226		210
Proceeds from sales of securities available-for-sale	$ 0	$ 0	$ 24,985	$ 111,053
Available-for-sale securities, gross realized gains	0	0	0	187
Available-for-sale securities, gross realized losses	$ 0	$ 0	$ 13	$ 347

Investment in Securities - Sc_2

Investment in Securities - Schedule of the Fair Values of Securities with Unrealized Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	$ 59,648	$ 82,743
AFS, Less than 12 months, Unrealized Losses	501	675
AFS, 12 months or more, Estimated Fair Value	440,503	541,391
AFS, 12 months or more, Unrealized Losses	46,949	57,129
AFS, Total Estimated Fair Value	500,151	624,134
AFS, Total Unrealized Losses	47,450	57,804
State and political subdivisions
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	4,971	63,198
AFS, Less than 12 months, Unrealized Losses	4	220
AFS, 12 months or more, Estimated Fair Value	178,533	152,854
AFS, 12 months or more, Unrealized Losses	13,364	16,046
AFS, Total Estimated Fair Value	183,504	216,052
AFS, Total Unrealized Losses	13,368	16,266
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	28,995	0
AFS, Less than 12 months, Unrealized Losses	173	0
AFS, 12 months or more, Estimated Fair Value	144,309	157,799
AFS, 12 months or more, Unrealized Losses	26,851	30,508
AFS, Total Estimated Fair Value	173,304	157,799
AFS, Total Unrealized Losses	27,024	30,508
Corporate bonds
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	25,682	19,545
AFS, Less than 12 months, Unrealized Losses	324	455
AFS, 12 months or more, Estimated Fair Value	81,671	82,795
AFS, 12 months or more, Unrealized Losses	6,228	8,314
AFS, Total Estimated Fair Value	107,353	102,340
AFS, Total Unrealized Losses	6,552	8,769
Treasury securities
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value		0
AFS, Less than 12 months, Unrealized Losses		0
AFS, 12 months or more, Estimated Fair Value		108,721
AFS, 12 months or more, Unrealized Losses		1,115
AFS, Total Estimated Fair Value		108,721
AFS, Total Unrealized Losses		1,115
Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	0	0
AFS, Less than 12 months, Unrealized Losses	0	0
AFS, 12 months or more, Estimated Fair Value	35,990	39,222
AFS, 12 months or more, Unrealized Losses	506	1,146
AFS, Total Estimated Fair Value	35,990	39,222
AFS, Total Unrealized Losses	$ 506	$ 1,146

Investment in Securities - Sc_3

Investment in Securities - Schedule of Amortized Cost and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
Due in 1 year or less	$ 35,699
Due after 1 year through 5 years	125,559
Due after 5 years through 10 years	200,477
Due after 10 years	235,871
Amortized Cost	597,606	$ 684,917
Fair Value
Due in 1 year or less	35,639
Due after 1 year through 5 years	123,939
Due after 5 years through 10 years	182,058
Due after 10 years	209,120
Total	$ 550,756	$ 627,117

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Balance sheet assets:
Investment securities	$ 550,756	$ 627,117
Carrying Amount
Balance sheet assets:
Accrued interest receivable	8,334	8,450
Total	1,854,586	2,009,264
Balance sheet liabilities:
Accrued interest payable	627	635
Total	1,984,413	2,212,818
Fair Value
Balance sheet assets:
Cash and cash equivalents	230,556	372,468
Investment securities	550,756	627,117
Loans, net	1,037,925	962,223
Accrued interest receivable	8,334	8,450
Total	1,827,571	1,970,258
Balance sheet liabilities:
Deposits	1,047,323	1,140,814
Accounts and drafts payable	936,463	1,071,369
Accrued interest payable	627	635
Total	$ 1,984,413	$ 2,212,818

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	$ 31,584	$ 31,783	$ 95,945	$ 94,120
Other income (out-of-scope of FASB ASC 606)	1,208	1,017	3,204	2,860
Total fee revenue and other income	32,792	32,800	99,149	96,980
Processing fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	20,053	19,939	62,409	58,838
Financial fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	11,177	11,597	32,582	34,518
Information services payment and processing revenue
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	31,230	31,536	94,991	93,356
Bank service fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	$ 354	$ 247	$ 954	$ 764

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)
Leases [Abstract]
Operating lease, liability	$ 7,702	$ 7,702
Operating lease, right-of-use asset	$ 7,300	$ 7,300
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating lease, cost	$ 333	$ 1,000
Short-term lease, cost	92	266
Variable lease, cost	$ 0	$ 0
Operating lease, weighted average remaining lease term	6 years 7 months 6 days	6 years 7 months 6 days
Operating lease, weighted average discount rate, percent	3.55%	3.55%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Maturity (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Lease payments due
Less than 1 year	$ 1,339
1-2 years	1,354
2-3 years	1,350
3-4 years	1,343
4-5 years	1,265
Over 5 years	1,953
Total undiscounted cash flows	8,604
Discount on cash flows	902
Total lease liability	$ 7,702