Cass Information Systems (CASS) 10-Q 5 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Oct. 22, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
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		14,010,148
Entity Central Index Key	0000708781
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 25,641	$ 30,985
Interest-bearing deposits in other financial institutions	472,786	393,810
Federal funds sold and other short-term investments	1,882	245,733
Cash and cash equivalents	500,309	670,528
Securities available-for-sale, at fair value	541,079	357,726
Loans	872,905	891,676
Less: Allowance for credit losses	11,532	11,944
Loans, net	861,373	879,732
Payments in excess of funding	266,379	194,563
Premises and equipment, net	17,499	18,057
Investment in bank-owned life insurance	42,926	18,058
Goodwill	14,262	14,262
Other intangible assets, net	2,779	3,423
Other assets	46,380	46,886
Total assets	2,292,986	2,203,235
Deposits:
Noninterest-bearing	467,320	493,504
Interest-bearing	619,997	557,352
Total deposits	1,087,317	1,050,856
Accounts and drafts payable	905,479	835,386
Other liabilities	52,547	55,833
Total liabilities	2,045,343	1,942,075
Shareholders’ Equity:
Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued	0	0
Common stock, par value $.50 per share; 40,000,000 shares authorized and 15,505,772 shares issued at September 30, 2021 and December 31, 2020	7,753	7,753
Additional paid-in capital	204,113	204,875
Retained earnings	108,388	99,062
Common shares in treasury, at cost (1,495,624 shares at September 30, 2021 and 1,113,103 shares at December 31, 2020)	(67,018)	(50,515)
Accumulated other comprehensive loss	(5,593)	(15)
Total shareholders’ equity	247,643	261,160
Total liabilities and shareholders’ equity	$ 2,292,986	$ 2,203,235

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
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
Treasury stock, shares (in shares)	1,495,624	1,113,103

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Fee Revenue and Other Income:
Fee revenues	$ 27,410	$ 24,817	$ 79,998	$ 73,789
(Losses) gains on sales of securities	(1)	0	44	1,069
Other	168	115	697	343
Total fee revenue and other income	27,577	24,932	80,739	75,201
Interest Income:
Interest and fees on loans	8,987	9,067	26,270	27,366
Interest and dividends on securities:
Taxable	731	373	1,387	1,406
Exempt from federal income taxes	1,760	1,753	5,331	5,357
Interest on federal funds sold and other short-term investments	241	86	515	1,130
Total interest income	11,719	11,279	33,503	35,259
Interest Expense:
Interest on deposits	287	465	915	1,909
Interest on short-term borrowings	0	0	0	2
Total interest expense	287	465	915	1,911
Net interest income	11,432	10,814	32,588	33,348
Provision for (release of) credit losses / loan losses	340	0	(870)	725
Net interest income after provision for (release of) credit losses / loan losses	11,092	10,814	33,458	32,623
Total net revenue	38,669	35,746	114,197	107,824
Operating Expense:
Personnel	23,283	22,521	68,689	65,839
Occupancy	953	930	2,859	2,809
Equipment	1,700	1,648	5,028	4,900
Amortization of intangible assets	215	215	644	644
Other operating expense	4,539	3,366	11,798	10,774
Total operating expense	30,690	28,680	89,018	84,966
Income before income tax expense	7,979	7,066	25,179	22,858
Income tax expense	1,174	1,285	4,277	4,093
Net income	$ 6,805	$ 5,781	$ 20,902	$ 18,765
Basic earnings per share (in dollars per share)	$ 0.48	$ 0.40	$ 1.47	$ 1.31
Diluted earnings per share (in dollars per share)	$ 0.48	$ 0.40	$ 1.45	$ 1.29
Information services payment and processing revenue
Fee Revenue and Other Income:
Fee revenues	$ 26,877	$ 24,376	$ 78,441	$ 72,540
Bank service fees
Fee Revenue and Other Income:
Fee revenues	$ 533	$ 441	$ 1,557	$ 1,249

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Comprehensive Income:
Net income	$ 6,805	$ 5,781	$ 20,902	$ 18,765
Other comprehensive income (loss):
Net unrealized (loss) gain on securities available-for-sale	(4,438)	224	(7,086)	7,209
Tax effect	1,057	(53)	1,687	(1,716)
Reclassification adjustments for losses (gains) included in net income	1	0	(44)	(1,069)
Tax effect	0	0	10	254
Foreign currency translation adjustments	(168)	63	(145)	(65)
Total comprehensive income	$ 3,257	$ 6,015	$ 15,324	$ 23,378

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Cash Flows From Operating Activities:
Net income	$ 6,805,000	$ 5,781,000	$ 20,902,000	$ 18,765,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			9,340,000	8,391,000
Gains on sales of securities			(44,000)	(1,069,000)
Stock-based compensation expense	1,066,000	799,000	2,585,000	2,277,000
Provision for (release of) credit losses / loan losses	340,000	0	(870,000)	725,000
Decrease in deferred income tax asset			22,000	1,000
Increase in current income tax liability			79,000	527,000
(Decrease) increase in pension liability			(1,252,000)	3,315,000
(Increase) decrease in accounts receivable			(628,000)	1,339,000
Other operating activities, net			546,000	5,790,000
Net cash provided by operating activities			30,680,000	40,061,000
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale	30,074,000	0	43,190,000	19,629,000
Proceeds from maturities of securities available-for-sale			83,265,000	43,605,000
Purchase of securities available-for-sale			(322,336,000)	(2,931,000)
Net decrease (increase) in loans			19,229,000	(171,902,000)
Purchase of bank-owned life insurance			(24,868,000)	0
(Increase) decrease in payments in excess of funding			(71,816,000)	44,766,000
Purchases of premises and equipment, net			(2,697,000)	(1,705,000)
Net cash used in investing activities			(276,033,000)	(68,538,000)
Cash Flows From Financing Activities:
Net (decrease) increase in noninterest-bearing demand deposits			(26,184,000)	23,290,000
Net increase in interest-bearing demand and savings deposits			67,930,000	136,639,000
Net decrease in time deposits			(5,285,000)	(5,881,000)
Net increase in accounts and drafts payable			70,099,000	146,280,000
Net decrease in short-term borrowings			0	(18,000,000)
Cash dividends paid			(11,576,000)	(11,704,000)
Purchase of common shares for treasury			(18,975,000)	(5,508,000)
Other financing activities, net			(875,000)	(1,142,000)
Net cash provided by financing activities			75,134,000	263,974,000
Net (decrease) increase in cash and cash equivalents			(170,219,000)	235,497,000
Cash and cash equivalents at beginning of period			670,528,000	203,954,000	$ 203,954,000
Cash and cash equivalents at end of period	$ 500,309,000	$ 439,451,000	500,309,000	439,451,000	$ 670,528,000
Supplemental information:
Cash paid for interest			885,000	1,889,000
Cash paid for income taxes			$ 4,176,000	$ 3,567,000

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, 2019	$ 244,190	$ 7,753	$ 205,397	$ 90,341	$ (45,381)	$ (13,920)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,765			18,765
Cash dividends	(11,704)			(11,704)
Issuance of common shares pursuant to stock-based compensation plan, net	(1,040)		(2,378)		1,338
Exercise of SARs	(102)		(243)		141
Stock-based compensation expense	2,277		2,277
Purchase of common shares	(5,508)				(5,508)
Other comprehensive income (loss)	4,613					4,613
Ending balance at Sep. 30, 2020	251,491	7,753	205,053	97,402	(49,410)	(9,307)
Beginning balance at Jun. 30, 2020	248,527	7,753	204,258	95,514	(49,457)	(9,541)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,781			5,781
Cash dividends	(3,893)			(3,893)
Issuance of common shares pursuant to stock-based compensation plan, net	43		(4)		47
Stock-based compensation expense	799		799
Other comprehensive income (loss)	234					234
Ending balance at Sep. 30, 2020	251,491	7,753	205,053	97,402	(49,410)	(9,307)
Beginning balance at Dec. 31, 2020	261,160	7,753	204,875	99,062	(50,515)	(15)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20,902			20,902
Cash dividends	(11,576)			(11,576)
Issuance of common shares pursuant to stock-based compensation plan, net	(752)		(2,932)		2,180
Exercise of SARs	(123)		(415)		292
Stock-based compensation expense	2,585		2,585
Purchase of common shares	(18,975)				(18,975)
Other comprehensive income (loss)	(5,578)					(5,578)
Ending balance at Sep. 30, 2021	247,643	7,753	204,113	108,388	(67,018)	(5,593)
Beginning balance at Jun. 30, 2021	260,767	7,753	203,098	105,398	(53,437)	(2,045)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,805			6,805
Cash dividends	(3,815)			(3,815)
Issuance of common shares pursuant to stock-based compensation plan, net	83		(51)		134
Exercise of SARs	0		0		0
Stock-based compensation expense	1,066		1,066
Purchase of common shares	(13,715)				(13,715)
Other comprehensive income (loss)	(3,548)					(3,548)
Ending balance at Sep. 30, 2021	$ 247,643	$ 7,753	$ 204,113	$ 108,388	$ (67,018)	$ (5,593)

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.27	$ 0.27	$ 0.81	$ 0.81
Issuance of common shares pursuant to stock-based compensation plan, net (in shares)	4,412	1,165	83,506	67,790
Purchase of common shares (in shares)	314,672		434,938	128,779

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2021
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. Results for quarterly reporting periods beginning after December 31, 2020 in the Company’s Form 10-Q will be presented under ASU 2016-13, as defined in this report, while prior quarterly period amounts continue to be reported in accordance with previously applicable GAAP. 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, 2020. Risks and Uncertainties On March 11, 2020, the World Health Organization (“WHO”) declared the outbreak of COVID-19 as a global pandemic. The declaration of a global pandemic meant that almost all public commerce and related business activities was, to varying degrees, curtailed with the goal of decreasing the rate of new infections. In late fiscal 2020, vaccines for combating COVID-19 were approved by health agencies and have been administered throughout the country. Although vaccination efforts have been widespread and continuing, and a significant amount of previous business and other restrictions have been lifted, the continued impact of COVID-19, including any increases in the infection rates, new variants, and renewed governmental action to slow the spread of COVID-19 cannot be estimated. The ongoing impact of COVID-19, including the impact of restrictions imposed to combat its spread, could result in additional and prolonged business closures, supply chain disruptions, work restrictions and activity restrictions. The Company is closely monitoring developments related to COVID-19 checking regularly for updated information and recommendations from the WHO and the Centers for Disease Control and Prevention, from national, state, and local governments, and evaluating courses of action being taken by peers. At this time, the Company remains subject to heightened business, operational, market, credit and other risks related to the COVID-19 pandemic, including, but not limited to, those discussed below, which may have an adverse effect on business, financial condition and results of operations. Financial position and results of operations - The global health crisis caused by COVID-19 has and will continue to negatively impact business activity throughout the world. The COVID-19 outbreak and associated counter-acting measures implemented by governments around the world, as well as increased business uncertainty and shortages in the labor force, have had, and continue to have, an adverse impact on the Company’s financial results and are discussed in more detail below. Although many restrictions have been relaxed with some success and economic conditions have been improving, many states and localities are still experiencing moderate to high levels of COVID-19 cases, prompting continued restrictions and the need for additional aid and other forms of relief for affected individuals, businesses and other entities. When and if COVID-19 is demonstrably contained, the Company anticipates a rebound in economic activity; however, any such rebound is contingent upon the rate and effectiveness of the containment efforts deployed by federal, state, and local governments. In light of the evolving health, social, economic and business environment, governmental regulations or mandates, and business disruptions that have occurred and could continue to occur, the aggregate impact that COVID-19 could have on the Company’s financial condition and operating results remains uncertain. In response to COVID-19, the Federal Reserve took action to lower the Federal Funds rate. The Federal Reserve has indicated that the target Federal Funds rate would remain at current levels until the economy is in a more stable employment and price-stability position. To the extent the business disruption continues for an extended period, additional cost control actions will be considered. Future asset impairment charges, increases in allowance for credit losses, or restructuring charges could be more likely and will be dependent on the severity and duration of this crisis and its effect on the Company’s borrowers. For payment processing services, business closures cause a decrease in the number of transactions and dollars processed due to the decline in customers’ business activity. Other financial impact could occur though such potential impact is unknown at this time. Capital and liquidity - While the Company believes that it has sufficient capital to withstand an extended economic recession brought about by COVID-19, its reported and regulatory capital ratios could be adversely impacted by future financial losses. The Company maintains access to multiple sources of liquidity. If an extended recession caused large numbers of the Bank’s customers to draw down deposits, the Company might become more reliant on more expensive sources of funding. Asset valuation - Currently, the Company does not expect COVID-19 to affect its ability to fairly value the assets on its balance sheet; however, this could change in future periods. While certain valuation assumptions and judgments will change to account for pandemic-related circumstances such as widening credit spreads, the Company does not anticipate significant changes in methodology used to determine the fair value of assets measured in accordance with GAAP. An economic slowdown as a result of COVID-19 could cause a decline in the Company’s stock price or the occurrence of what management would deem to be a triggering event that could, under certain circumstances, necessitate a goodwill or intangible asset impairment test and result in an impairment charge being recorded for that period. In the event that the Company concludes that all or a portion of its goodwill is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital or regulatory capital.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2021
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 (“FASB ASC 350”), 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. D etails of the Company’s intangible assets are as follows: September 30, 2021 December 31, 2020 (In thousands) Gross Carrying Accumulated Gross Carrying Accumulated Assets eligible for amortization: Customer lists $ 4,778 $ (4,231) $ 4,778 $ (3,902) Patents 72 (26) 72 (24) Software 2,844 (1,011) 2,844 (731) Trade Name 190 (20) 190 (13) Other 500 (317) 500 (291) Unamortized intangible assets: Goodwill 14,262 — 14,262 — Total intangible assets $ 22,646 $ (5,605) $ 22,646 $ (4,961)

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2021
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 Three Months Ended Nine Months Ended 2021 2020 2021 2020 Basic Net income $ 6,805 $ 5,781 $ 20,902 $ 18,765 Weighted-average common shares outstanding 14,040,089 14,348,151 14,203,369 14,373,243 Basic earnings per share $ .48 $ .40 $ 1.47 $ 1.31 Diluted Net income $ 6,805 $ 5,781 $ 20,902 $ 18,765 Weighted-average common shares outstanding 14,040,089 14,348,151 14,203,369 14,373,243 Effect of dilutive restricted stock and stock appreciation rights 237,080 198,336 239,016 200,723 Weighted-average common shares outstanding assuming dilution 14,277,169 14,546,487 14,442,385 14,573,966 Diluted earnings per share $ .48 $ .40 $ 1.45 $ 1.29

Stock Repurchases

Stock Repurchases	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Stock Repurchases	Stock Repurchases The Company maintains a treasury stock buyback program pursuant to which, in October 2020, 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, 2021, 30,940 shares remained available for repurchase under the program. The Company repurchased 314,672 and zero shares during the three-month periods ended September 30, 2021 and 2020, respectively, and 434,938 and 128,779 shares for the nine-month periods ended September 30, 2021 and 2020, respectively. Repurchases may be made in the open market or through negotiated transactions from time to time depending on market conditions. On October 19, 2021, the Board of Directors authorized the repurchase of up to 750,000 shares of the Company's common stock under the program. This new authorization replaces the previous authorization of 500,000 shares, and as such, the Company has 750,000 shares remaining available for repurchase in future periods.

Industry Segment Information

Industry Segment Information	9 Months Ended
	Sep. 30, 2021
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. The Banking Services segment provides banking services primarily to privately held businesses and faith-based ministries, including on-line generosity services, 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 Annual Report on Form 10-K for the year ended December 31, 2020. Management evaluates segment performance based on tax-equivalized (as defined in the footnote to the chart on the following table) 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. Segment interest income is a function of the relative share of average funding sources generated by each segment multiplied by the following rates: • Information Services – one or more fixed rates depending upon the specific characteristics of the funding source, and • Banking Services – a variable rate that is based upon the overall performance of the Company’s earning assets. 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, 2021: Fee income $ 26,642 $ 596 $ 339 $ 27,577 Interest income* 6,361 6,187 (361) 12,187 Interest expense — 287 — 287 Intersegment income (expense) — 859 (859) — Tax-equivalized pre-tax income* 6,753 1,886 (193) 8,446 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 431 2,348 — 2,779 Total assets 1,018,710 1,279,452 (5,176) 2,292,986 Average funding sources 974,091 875,997 — 1,850,088 Three Months Ended September 30, 2020: Fee income $ 24,198 $ 651 $ 83 $ 24,932 Interest income* 5,112 7,212 (579) 11,745 Interest expense — 465 — 465 Intersegment income (expense) — 593 (593) — Tax-equivalized pre-tax income* 4,522 3,506 (496) 7,532 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 837 2,800 — 3,637 Total assets 905,158 1,105,845 (10,540) 2,000,463 Average funding sources 751,010 780,217 — 1,531,227 Nine Months Ended September 30, 2021: Fee income $ 77,717 $ 1,846 $ 1,176 $ 80,739 Interest income* 17,754 18,501 (1,335) 34,920 Interest expense — 915 — 915 Intersegment income (expense) — 2,170 (2,170) — Tax-equivalized pre-tax income* 19,170 8,080 (654) 26,596 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 431 2,348 — 2,779 Total assets 1,018,710 1,279,452 (5,176) 2,292,986 Average funding sources 906,474 862,142 — 1,768,616 Nine Months Ended September 30, 2020: Fee income $ 72,098 $ 1,906 $ 1,197 $ 75,201 Interest income* 14,774 21,097 812 36,683 Interest expense — 1,911 — 1,911 Intersegment income (expense) — 1,674 (1,674) — Tax-equivalized pre-tax income* 13,082 9,190 2,010 24,282 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 837 2,800 — 3,637 Total assets 905,158 1,105,845 (10,540) 2,000,463 Average funding sources 703,142 712,903 — 1,416,045

Loans by Type

Loans by Type	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 6 – Loans by Type A summary of loan categories is as follows: (In thousands) September 30, December 31, Commercial and industrial $ 356,532 $ 298,984 Real estate: Commercial: Mortgage 103,596 100,419 Construction 24,705 25,090 Faith-based: Mortgage 358,493 333,661 Construction 13,272 23,818 Paycheck Protection Program (“PPP”) 16,307 109,704 Total loans $ 872,905 $ 891,676 In support of the Coronavirus, Aid, Relief, and Economic Security Act (the “CARES Act”), the Bank processed 460 applications for PPP loans with an aggregate principal balance of $210,000,000 during 2021 and 2020 to provide much-needed cash to small business and self-employed taxpayers during the COVID-19 crisis. The loans were primarily made to existing bank customers and are 100% guaranteed by the Small Business Administration (“SBA”) with no allowance for credit loss allocation. The Company has unaccreted PPP loan fees of $479,000 at September 30, 2021. The following table presents the aging of loans past due by category at September 30, 2021 and December 31, 2020: Performing Nonperforming (In thousands) Current 30-59 60-89 90 Non- Total September 30, 2021 Commercial and industrial $ 356,532 $ — $ — $ — $ — $ 356,532 Real estate Commercial: Mortgage 103,596 — — — — 103,596 Construction 24,705 — — — — 24,705 Faith-based: Mortgage 358,493 — — — — 358,493 Construction 13,272 — — — — 13,272 PPP 16,307 — — — — 16,307 Total $ 872,905 $ — $ — $ — $ — $ 872,905 December 31, 2020 Commercial and industrial $ 298,984 $ — $ — $ — $ — $ 298,984 Real estate Commercial: Mortgage 100,419 — — — — 100,419 Construction 25,090 — — — — 25,090 Faith-based: Mortgage 333,661 — — — — 333,661 Construction 23,818 — — — — 23,818 PPP 109,704 — — — — 109,704 Total $ 891,676 $ — $ — $ — $ — $ 891,676 The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of September 30, 2021 and December 31, 2020: (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, 2021 Commercial and industrial $ 345,652 $ 10,880 $ — $ 356,532 Real estate Commercial: Mortgage 103,596 — — 103,596 Construction 24,705 — — 24,705 Faith-based: Mortgage 355,530 2,963 — 358,493 Construction 13,272 — — 13,272 PPP 16,307 — — 16,307 Total $ 859,062 $ 13,843 $ — $ 872,905 December 31, 2020 Commercial and industrial $ 284,882 $ 14,102 $ — $ 298,984 Real estate Commercial: Mortgage 99,044 1,375 — 100,419 Construction 25,090 — — 25,090 Faith-based: Mortgage 330,554 3,107 — 333,661 Construction 23,818 — — 23,818 PPP 109,704 — — 109,704 Total $ 873,092 $ 18,584 $ — $ 891,676 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. The company had no loans evaluated for expected credit losses on an individual basis as of September 30, 2021. The Company had one loan in the amount of $2,500,000 at December 31, 2020 that was individually evaluated for credit losses, resulting in a specific allowance for credit loss of $500,000 at December 31, 2020. Due to improvement in borrower conditions, this loan was no longer evaluated individually for credit losses at September 30, 2021. There were no foreclosed loans recorded as other real estate owned (included in other assets) as of September 30, 2021 or December 31, 2020. There were no loans considered troubled debt restructurings as of September 30, 2021. There were two loans that were considered troubled debt restructurings at December 31, 2020 and these loans were removed from troubled debt restructuring status during the first quarter of 2021. The recorded investment by category for loans considered a troubled debt restructuring during the year ended December 31, 2020 is as follows: (In thousands) Number of Pre-Modification Post-Modification Commercial and industrial 1 $ 8,773 $ 8,773 Faith-based real estate 1 1,029 1,029 Total 2 $ 9,802 $ 9,802 During the year ended December 31, 2020, two loans were restructured to change the amortization schedule to reduce payments from the borrowers while the contractual interest rate remained unchanged. These loans did not have a specific allowance for credit loss allocated to them at December 31, 2020. There were no loans restructured that subsequently defaulted during the year ended December 31, 2020. A summary of the activity in allowance for credit losses (“ACL”) by category for the periods ended September 30, 2021 and December 31, 2020 is as follows: (In thousands) C&I CRE Faith-based Construction Total Allowance for credit losses on loans: Balance at December 31, 2020 $ 4,635 $ 1,175 $ 5,717 $ 417 $ 11,944 Charge Offs — — — — — (Release of) provision for credit losses (289) (99) 76 (128) (440) Recoveries 13 — 15 — 28 Balance at September 30, 2021 $ 4,359 $ 1,076 $ 5,808 $ 289 $ 11,532 The release of credit losses during the nine months ended September 30, 2021 is primarily due to improved economic conditions and the removal of specific allowances for credit losses on impaired loans. (In thousands) C&I CRE Faith-based Construction Total Allowance for credit losses on loans: Balance at December 31, 2019 $ 4,874 $ 1,528 $ 3,842 $ 312 $ 10,556 Cumulative effect of accounting change (ASU 2016-13) (526) (401) 1,636 14 723 Balance at January 1, 2020 4,348 1,127 5,478 326 11,279 Provision for credit losses 268 48 238 91 645 Recoveries 19 — 1 — 20 Balance at December 31, 2020 $ 4,635 $ 1,175 $ 5,717 $ 417 $ 11,944

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
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. Such activities include traditional off-balance sheet credit-related financial instruments and commitments under operating leases. 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. A release of credit losses of $430,000 was recorded during the nine months ended September 30, 2021 due to improved economic conditions and lower line of credit usage. An allowance for unfunded commitments of $137,000 and $567,000 had been recorded at September 30, 2021 and December 31, 2020, respectively. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commercial and standby letters of credit are conditional commitments issued by the Company or its subsidiaries to guarantee the performance of a customer to a third party. These off-balance sheet financial instruments generally have fixed expiration dates or other termination clauses and may require payment of a fee. At September 30, 2021, the balance of unused loan commitments, standby and commercial letters of credit were $194,327,000, $12,061,000, and $235,000, respectively. Since some of the financial instruments may expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. 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. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of the credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but is generally accounts receivable, inventory, residential or income-producing commercial property or equipment. In the event of nonperformance, the Company or its subsidiaries may obtain and liquidate the collateral to recover amounts paid under guarantees on these financial instruments. The following table summarizes contractual cash obligations of the Company related to time deposits at September 30, 2021: Amount of Commitment Expiration per Period (In thousands) Total Less than 1-3 3-5 Over 5 Time deposits $ 50,699 $ 34,719 $ 15,917 $ 63 $ — The Company and its subsidiaries are involved in various pending legal actions and proceedings in which claims for damages are asserted. Management, after discussion with legal counsel, believes the ultimate resolution of these legal actions and proceedings will not have a material effect upon the Company’s consolidated financial position or results of operations.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Amended and Restated Omnibus Stock and Performance Compensation Plan (the “Omnibus Plan”) permits the issuance of up to 1,500,000 shares of the Company’s common stock in the form of stock options, SARs, restricted stock, restricted stock units and performance awards. The Company may issue shares out of treasury stock for these awards. During the nine months ended September 30, 2021, 52,356 restricted shares, 31,150 performance-based restricted shares, and no SARs were granted under the Omnibus Plan. Stock-based compensation expense for the three months ended September 30, 2021 and 2020 was $1,066,000 and $799,000, respectively, and $2,585,000 and $2,277,000 for the nine months ended September 30, 2021 and 2020, respectively. Restricted Stock Restricted shares granted to Company employees are amortized to expense over the three-year cliff vesting period. 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, 2021, the total unrecognized compensation expense related to non-vested restricted shares was $2,060,000, and the related weighted-average period over which it is expected to be recognized is approximately 0.70 years. Following is a summary of the activity of the Company's restricted stock for the nine months ended September 30, 2021, with total shares and weighted average fair value: Nine Months Ended Shares Fair Value Balance at December 31, 2020 136,167 $ 46.78 Granted 52,356 41.59 Vested (23,782) 48.43 Forfeitures (738) 46.07 Balance at September 30, 2021 164,003 $ 46.69 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, 2021, based on 100% of target value: Nine Months Ended Shares Fair Value Balance at December 31, 2020 98,410 $ 50.64 Granted 52,240 40.74 Vested (33,000) 49.07 Forfeitures (1,107) 46.07 Balance at September 30, 2021 116,543 $ 46.79 The PBRS that vested during the nine months ended September 30, 2021 were based on the Company's achievement of 94.4% of target financial goals, resulting in the issuance of 31,150 shares of common stock. The outstanding PBRS at September 30, 2021 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. SARs There were no SARs granted and no expense recognized during the nine months ended September 30, 2021. Following is a summary of the activity of the Company’s SARs program for the nine months ended September 30, 2021: Shares Weighted- Average Aggregate Intrinsic Value (In thousands) Balance at December 31, 2020 144,999 $ 32.99 1.95 $ 1,095 Exercised (20,560) 24.12 — — Forfeited (2,088) 31.92 — — Exercisable at September 30, 2021 122,351 $ 34.50 1.41 $ 1,046 There were no non-vested SARs at September 30, 2021.

Defined Pension Plans

Defined Pension Plans	9 Months Ended
	Sep. 30, 2021
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. The Company accrues and makes contributions designed to fund normal service costs on a current basis using the projected unit credit with service proration method to amortize prior service costs arising from improvements in pension benefits and qualifying service prior to the establishment of the plan over a period of approximately 30 years. Disclosure information is based on a measurement date of December 31 of the corresponding year. The following table represents the components of the net periodic pension costs: (In thousands) Estimated Actual Service cost – benefits earned during the year $ 963 $ 4,329 Interest cost on projected benefit obligations 3,069 3,908 Expected return on plan assets (6,299) (6,049) Net amortization 360 1,946 Net periodic pension (benefit) cost $ (1,907) $ 4,134 The Company recorded a net periodic benefit of $678,000 and $1,096,000 for the three and nine-month periods ended September 30, 2021, respectively as compared to net periodic pension cost of $1,103,000 and $3,159,000 for the three and nine-month periods ended September 30, 2020, respectively. Pension costs decreased in 2021 due to the Plan being frozen as of February 28, 2021. The Company made a contribution of $330,000 to the Plan during the nine-month period ended September 30, 2021 and is evaluating the amount of additional contributions, if any, for the remainder of 2021. In addition to the above funded benefit plan, the Company has an unfunded supplemental executive retirement plan which covers key executives of the Company. This is a noncontributory plan in which the Company and its subsidiaries make accruals designed to fund normal service costs on a current basis using the same method and criteria as its defined benefit plan. The following table represents the components of the net periodic pension costs for 2020 and an estimate for 2021: (In thousands) Estimated 2021 Actual Service cost – benefits earned during the year $ 147 $ 121 Interest cost on projected benefit obligation 291 347 Net amortization 203 112 Net periodic pension cost $ 641 $ 580

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate was 14.7% and 18.2% for the three-month periods ended September 30, 2021 and 2020, respectively, and 17.0% and 17.9% for the nine-month periods ended September 30, 2021 and 2020, respectively. The effective tax rate for all periods differs from the statutory rate of 21% primarily due to the tax-exempt interest received from municipal bonds.

Investment in Securities

Investment in Securities	9 Months Ended
	Sep. 30, 2021
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 valuations. 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, 2021 (In thousands) Amortized Gross Gross Fair State and political subdivisions $ 345,165 $ 13,880 $ 821 $ 358,224 U.S. government agencies 112,850 537 1,288 112,099 Corporate Bonds 70,516 281 41 70,756 Total $ 528,531 $ 14,698 $ 2,150 $ 541,079 December 31, 2020 (In thousands) Amortized Gross Gross Fair Value State and political subdivisions $ 287,059 $ 18,915 $ — $ 305,974 U.S. government agencies 50,988 764 — 51,752 Total $ 338,047 $ 19,679 $ — $ 357,726 The fair values of securities with unrealized losses are as follows: September 30, 2021 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 68,399 $ 821 $ — $ — $ 68,399 $ 821 U.S. government agencies 88,386 1,288 — — 88,386 1,288 Corporate Bonds 10,940 41 — — 10,940 41 Total $ 167,725 $ 2,150 $ — $ — $ 167,725 $ 2,150 There were 66 securities, or 20% (0 greater than 12 months), in an unrealized loss position as of September 30, 2021. The unrealized losses at September 30, 2021 were primarily attributable to changes in market interest rates after the securities were purchased. There were no securities in an unrealized loss position as of December 31, 2020. At September 30, 2021 and December 31, 2020, 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, 2021 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 25,511 $ 25,760 Due after 1 year through 5 years 104,620 109,737 Due after 5 years through 10 years 210,353 219,204 Due after 10 years 188,047 186,378 Total $ 528,531 $ 541,079 Proceeds from sales of investment securities classified as available-for-sale were $30,074,000 and $0 for the three months ended September 30, 2021 and 2020, respectively, and were $43,190,000 and $19,629,000 for the nine months ended September 30, 2021 and 2020, respectively. Gross realized losses were $1,000 and $0 for the three months ended September 30, 2021 and 2020, respectively. Gross realized gains were $44,000 and $1,069,000 for the nine months ended

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2021
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, 2021 December 31, 2020 (In thousands) Carrying Fair Value Carrying Fair Value Balance sheet assets: Cash and cash equivalents $ 500,309 $ 500,309 $ 670,528 $ 670,528 Investment securities 541,079 541,079 357,726 357,726 Loans, net 861,373 861,828 879,732 883,461 Accrued interest receivable 6,332 6,332 6,850 6,850 Total $ 1,909,093 $ 1,909,548 $ 1,914,836 $ 1,918,565 Balance sheet liabilities: Deposits $ 1,087,317 $ 1,087,317 $ 1,050,856 $ 1,050,856 Accounts and drafts payable 905,479 905,479 835,386 835,386 Accrued interest payable 68 68 38 38 Total $ 1,992,864 $ 1,992,864 $ 1,886,280 $ 1,886,280 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 valuations. 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, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	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. Invoice 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. Invoice payment 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. Service charges are recognized on a monthly basis representing the period over which the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. For the Three Months Ended September 30, For the Nine Months Ended September 30, (In thousands) 2021 2020 2021 2020 Fee revenue and other income In-scope of FASB ASC 606 Invoice processing fees $ 19,230 $ 18,650 $ 58,047 $ 55,697 Invoice payment fees 7,647 5,726 20,394 16,843 Information services payment and processing revenue 26,877 24,376 78,441 72,540 Bank service fees 533 441 1,557 1,249 Fee revenue (in-scope of FASB ASC 606) 27,410 24,817 79,998 73,789 Other income (out-of-scope of FASB ASC 606) 167 115 741 1,412 Total fee revenue and other income $ 27,577 $ 24,932 $ 80,739 $ 75,201

Leases

Leases	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Leases	Leases The Company leases certain premises under operating leases. As of September 30, 2021, the Company had lease liabilities of $5,246,000 and right-of-use assets of $4,754,000. Lease liabilities and right-of-use assets are reflected in other liabilities other assets A maturity analysis of operating lease liabilities and undiscounted cash flows as of September 30, 2021 is as follows: (In thousands) September 30, Lease payments due Less than 1 year $ 1,726 1-2 years 1,102 2-3 years 563 3-4 years 553 4-5 years 552 Over 5 years 1,629 Total undiscounted cash flows 6,125 Discount on cash flows 879 Total lease liability $ 5,246

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	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, 2021. 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, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Details of the Company’s intangible assets are as follows: September 30, 2021 December 31, 2020 (In thousands) Gross Carrying Accumulated Gross Carrying Accumulated Assets eligible for amortization: Customer lists $ 4,778 $ (4,231) $ 4,778 $ (3,902) Patents 72 (26) 72 (24) Software 2,844 (1,011) 2,844 (731) Trade Name 190 (20) 190 (13) Other 500 (317) 500 (291) Unamortized intangible assets: Goodwill 14,262 — 14,262 — Total intangible assets $ 22,646 $ (5,605) $ 22,646 $ (4,961)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2021
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 Three Months Ended Nine Months Ended 2021 2020 2021 2020 Basic Net income $ 6,805 $ 5,781 $ 20,902 $ 18,765 Weighted-average common shares outstanding 14,040,089 14,348,151 14,203,369 14,373,243 Basic earnings per share $ .48 $ .40 $ 1.47 $ 1.31 Diluted Net income $ 6,805 $ 5,781 $ 20,902 $ 18,765 Weighted-average common shares outstanding 14,040,089 14,348,151 14,203,369 14,373,243 Effect of dilutive restricted stock and stock appreciation rights 237,080 198,336 239,016 200,723 Weighted-average common shares outstanding assuming dilution 14,277,169 14,546,487 14,442,385 14,573,966 Diluted earnings per share $ .48 $ .40 $ 1.45 $ 1.29

Industry Segment Information (T

Industry Segment Information (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2021: Fee income $ 26,642 $ 596 $ 339 $ 27,577 Interest income* 6,361 6,187 (361) 12,187 Interest expense — 287 — 287 Intersegment income (expense) — 859 (859) — Tax-equivalized pre-tax income* 6,753 1,886 (193) 8,446 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 431 2,348 — 2,779 Total assets 1,018,710 1,279,452 (5,176) 2,292,986 Average funding sources 974,091 875,997 — 1,850,088 Three Months Ended September 30, 2020: Fee income $ 24,198 $ 651 $ 83 $ 24,932 Interest income* 5,112 7,212 (579) 11,745 Interest expense — 465 — 465 Intersegment income (expense) — 593 (593) — Tax-equivalized pre-tax income* 4,522 3,506 (496) 7,532 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 837 2,800 — 3,637 Total assets 905,158 1,105,845 (10,540) 2,000,463 Average funding sources 751,010 780,217 — 1,531,227 Nine Months Ended September 30, 2021: Fee income $ 77,717 $ 1,846 $ 1,176 $ 80,739 Interest income* 17,754 18,501 (1,335) 34,920 Interest expense — 915 — 915 Intersegment income (expense) — 2,170 (2,170) — Tax-equivalized pre-tax income* 19,170 8,080 (654) 26,596 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 431 2,348 — 2,779 Total assets 1,018,710 1,279,452 (5,176) 2,292,986 Average funding sources 906,474 862,142 — 1,768,616 Nine Months Ended September 30, 2020: Fee income $ 72,098 $ 1,906 $ 1,197 $ 75,201 Interest income* 14,774 21,097 812 36,683 Interest expense — 1,911 — 1,911 Intersegment income (expense) — 1,674 (1,674) — Tax-equivalized pre-tax income* 13,082 9,190 2,010 24,282 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 837 2,800 — 3,637 Total assets 905,158 1,105,845 (10,540) 2,000,463 Average funding sources 703,142 712,903 — 1,416,045

Loans by Type (Tables)

Loans by Type (Tables)	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Summary of Loan Categories	A summary of loan categories is as follows: (In thousands) September 30, December 31, Commercial and industrial $ 356,532 $ 298,984 Real estate: Commercial: Mortgage 103,596 100,419 Construction 24,705 25,090 Faith-based: Mortgage 358,493 333,661 Construction 13,272 23,818 Paycheck Protection Program (“PPP”) 16,307 109,704 Total loans $ 872,905 $ 891,676
Schedule of Debt [Table Text Block]	The following table presents the aging of loans past due by category at September 30, 2021 and December 31, 2020: Performing Nonperforming (In thousands) Current 30-59 60-89 90 Non- Total September 30, 2021 Commercial and industrial $ 356,532 $ — $ — $ — $ — $ 356,532 Real estate Commercial: Mortgage 103,596 — — — — 103,596 Construction 24,705 — — — — 24,705 Faith-based: Mortgage 358,493 — — — — 358,493 Construction 13,272 — — — — 13,272 PPP 16,307 — — — — 16,307 Total $ 872,905 $ — $ — $ — $ — $ 872,905 December 31, 2020 Commercial and industrial $ 298,984 $ — $ — $ — $ — $ 298,984 Real estate Commercial: Mortgage 100,419 — — — — 100,419 Construction 25,090 — — — — 25,090 Faith-based: Mortgage 333,661 — — — — 333,661 Construction 23,818 — — — — 23,818 PPP 109,704 — — — — 109,704 Total $ 891,676 $ — $ — $ — $ — $ 891,676
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, 2021 and December 31, 2020: (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, 2021 Commercial and industrial $ 345,652 $ 10,880 $ — $ 356,532 Real estate Commercial: Mortgage 103,596 — — 103,596 Construction 24,705 — — 24,705 Faith-based: Mortgage 355,530 2,963 — 358,493 Construction 13,272 — — 13,272 PPP 16,307 — — 16,307 Total $ 859,062 $ 13,843 $ — $ 872,905 December 31, 2020 Commercial and industrial $ 284,882 $ 14,102 $ — $ 298,984 Real estate Commercial: Mortgage 99,044 1,375 — 100,419 Construction 25,090 — — 25,090 Faith-based: Mortgage 330,554 3,107 — 333,661 Construction 23,818 — — 23,818 PPP 109,704 — — 109,704 Total $ 873,092 $ 18,584 $ — $ 891,676 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.
Schedule of Debtor Troubled Debt Restructuring, Current Period	The recorded investment by category for loans considered a troubled debt restructuring during the year ended December 31, 2020 is as follows: (In thousands) Number of Pre-Modification Post-Modification Commercial and industrial 1 $ 8,773 $ 8,773 Faith-based real estate 1 1,029 1,029 Total 2 $ 9,802 $ 9,802
Summary of ACL by Category	A summary of the activity in allowance for credit losses (“ACL”) by category for the periods ended September 30, 2021 and December 31, 2020 is as follows: (In thousands) C&I CRE Faith-based Construction Total Allowance for credit losses on loans: Balance at December 31, 2020 $ 4,635 $ 1,175 $ 5,717 $ 417 $ 11,944 Charge Offs — — — — — (Release of) provision for credit losses (289) (99) 76 (128) (440) Recoveries 13 — 15 — 28 Balance at September 30, 2021 $ 4,359 $ 1,076 $ 5,808 $ 289 $ 11,532 The release of credit losses during the nine months ended September 30, 2021 is primarily due to improved economic conditions and the removal of specific allowances for credit losses on impaired loans. (In thousands) C&I CRE Faith-based Construction Total Allowance for credit losses on loans: Balance at December 31, 2019 $ 4,874 $ 1,528 $ 3,842 $ 312 $ 10,556 Cumulative effect of accounting change (ASU 2016-13) (526) (401) 1,636 14 723 Balance at January 1, 2020 4,348 1,127 5,478 326 11,279 Provision for credit losses 268 48 238 91 645 Recoveries 19 — 1 — 20 Balance at December 31, 2020 $ 4,635 $ 1,175 $ 5,717 $ 417 $ 11,944

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Time Deposit Maturities	The following table summarizes contractual cash obligations of the Company related to time deposits at September 30, 2021: Amount of Commitment Expiration per Period (In thousands) Total Less than 1-3 3-5 Over 5 Time deposits $ 50,699 $ 34,719 $ 15,917 $ 63 $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2021, with total shares and weighted average fair value: Nine Months Ended Shares Fair Value Balance at December 31, 2020 136,167 $ 46.78 Granted 52,356 41.59 Vested (23,782) 48.43 Forfeitures (738) 46.07 Balance at September 30, 2021 164,003 $ 46.69
Schedule of Performance Shares Activity	Following is a summary of the activity of the PBRS for the nine months ended September 30, 2021, based on 100% of target value: Nine Months Ended Shares Fair Value Balance at December 31, 2020 98,410 $ 50.64 Granted 52,240 40.74 Vested (33,000) 49.07 Forfeitures (1,107) 46.07 Balance at September 30, 2021 116,543 $ 46.79
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, 2021: Shares Weighted- Average Aggregate Intrinsic Value (In thousands) Balance at December 31, 2020 144,999 $ 32.99 1.95 $ 1,095 Exercised (20,560) 24.12 — — Forfeited (2,088) 31.92 — — Exercisable at September 30, 2021 122,351 $ 34.50 1.41 $ 1,046

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	9 Months Ended
	Sep. 30, 2021
Retirement Benefits [Abstract]
Schedule of Expected Benefit Payments	Disclosure information is based on a measurement date of December 31 of the corresponding year. The following table represents the components of the net periodic pension costs: (In thousands) Estimated Actual Service cost – benefits earned during the year $ 963 $ 4,329 Interest cost on projected benefit obligations 3,069 3,908 Expected return on plan assets (6,299) (6,049) Net amortization 360 1,946 Net periodic pension (benefit) cost $ (1,907) $ 4,134
Schedule of Net Benefit Costs	The following table represents the components of the net periodic pension costs for 2020 and an estimate for 2021: (In thousands) Estimated 2021 Actual Service cost – benefits earned during the year $ 147 $ 121 Interest cost on projected benefit obligation 291 347 Net amortization 203 112 Net periodic pension cost $ 641 $ 580

Investment in Securities (Table

Investment in Securities (Tables)	9 Months Ended
	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: September 30, 2021 (In thousands) Amortized Gross Gross Fair State and political subdivisions $ 345,165 $ 13,880 $ 821 $ 358,224 U.S. government agencies 112,850 537 1,288 112,099 Corporate Bonds 70,516 281 41 70,756 Total $ 528,531 $ 14,698 $ 2,150 $ 541,079 December 31, 2020 (In thousands) Amortized Gross Gross Fair Value State and political subdivisions $ 287,059 $ 18,915 $ — $ 305,974 U.S. government agencies 50,988 764 — 51,752 Total $ 338,047 $ 19,679 $ — $ 357,726
Schedule of Unrealized Loss on Investments	The fair values of securities with unrealized losses are as follows: September 30, 2021 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 68,399 $ 821 $ — $ — $ 68,399 $ 821 U.S. government agencies 88,386 1,288 — — 88,386 1,288 Corporate Bonds 10,940 41 — — 10,940 41 Total $ 167,725 $ 2,150 $ — $ — $ 167,725 $ 2,150
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, 2021 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 25,511 $ 25,760 Due after 1 year through 5 years 104,620 109,737 Due after 5 years through 10 years 210,353 219,204 Due after 10 years 188,047 186,378 Total $ 528,531 $ 541,079

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2021 December 31, 2020 (In thousands) Carrying Fair Value Carrying Fair Value Balance sheet assets: Cash and cash equivalents $ 500,309 $ 500,309 $ 670,528 $ 670,528 Investment securities 541,079 541,079 357,726 357,726 Loans, net 861,373 861,828 879,732 883,461 Accrued interest receivable 6,332 6,332 6,850 6,850 Total $ 1,909,093 $ 1,909,548 $ 1,914,836 $ 1,918,565 Balance sheet liabilities: Deposits $ 1,087,317 $ 1,087,317 $ 1,050,856 $ 1,050,856 Accounts and drafts payable 905,479 905,479 835,386 835,386 Accrued interest payable 68 68 38 38 Total $ 1,992,864 $ 1,992,864 $ 1,886,280 $ 1,886,280

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	For the Three Months Ended September 30, For the Nine Months Ended September 30, (In thousands) 2021 2020 2021 2020 Fee revenue and other income In-scope of FASB ASC 606 Invoice processing fees $ 19,230 $ 18,650 $ 58,047 $ 55,697 Invoice payment fees 7,647 5,726 20,394 16,843 Information services payment and processing revenue 26,877 24,376 78,441 72,540 Bank service fees 533 441 1,557 1,249 Fee revenue (in-scope of FASB ASC 606) 27,410 24,817 79,998 73,789 Other income (out-of-scope of FASB ASC 606) 167 115 741 1,412 Total fee revenue and other income $ 27,577 $ 24,932 $ 80,739 $ 75,201

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Schedule of Operating Lease Maturity	A maturity analysis of operating lease liabilities and undiscounted cash flows as of September 30, 2021 is as follows: (In thousands) September 30, Lease payments due Less than 1 year $ 1,726 1-2 years 1,102 2-3 years 563 3-4 years 553 4-5 years 552 Over 5 years 1,629 Total undiscounted cash flows 6,125 Discount on cash flows 879 Total lease liability $ 5,246

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets eligible for amortization:
Accumulated Amortization	$ (5,605)	$ (4,961)
Unamortized intangible assets:
Goodwill, gross carrying amount	14,262	14,262
Total intangible assets, net	22,646	22,646
Total intangible assets, accumulated amortization	5,605	4,961
Customer lists
Assets eligible for amortization:
Gross Carrying Amount	4,778	4,778
Accumulated Amortization	(4,231)	(3,902)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	4,231	3,902
Patents
Assets eligible for amortization:
Gross Carrying Amount	72	72
Accumulated Amortization	(26)	(24)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	26	24
Software
Assets eligible for amortization:
Gross Carrying Amount	2,844	2,844
Accumulated Amortization	(1,011)	(731)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	1,011	731
Trade Name
Assets eligible for amortization:
Gross Carrying Amount	190	190
Accumulated Amortization	(20)	(13)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	20	13
Other
Assets eligible for amortization:
Gross Carrying Amount	500	500
Accumulated Amortization	(317)	(291)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	$ 317	$ 291

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 215	$ 215	$ 644	$ 644
Expected amortization, remainder of fiscal year	859		859
Amortization expense, next rolling twelve months	540		540
Amortization expense, rolling year two	540		540
Amortization expense, rolling year three	498		498
Amortization expense, rolling year four	$ 490		$ 490
Customer lists | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life			7 years
Customer lists | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life			10 years
Patents
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life			18 years
Software | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life			3 years
Software | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life			7 years
Trade Name
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life			20 years
Other
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life			15 years

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Basic
Net income	$ 6,805	$ 5,781	$ 20,902	$ 18,765
Weighted-average common shares outstanding (in shares)	14,040,089	14,348,151	14,203,369	14,373,243
Basic earnings per share (in dollars per share)	$ 0.48	$ 0.40	$ 1.47	$ 1.31
Diluted
Net Income	$ 6,805	$ 5,781	$ 20,902	$ 18,765
Weighted-average common shares outstanding (in shares)	14,040,089	14,348,151	14,203,369	14,373,243
Effect of dilutive restricted stock and stock appreciation rights (in shares)	237,080	198,336	239,016	200,723
Weighted-average common shares outstanding assuming dilution (in shares)	14,277,169	14,546,487	14,442,385	14,573,966
Diluted earnings per share (in dollars per share)	$ 0.48	$ 0.40	$ 1.45	$ 1.29

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Oct. 19, 2021	Oct. 31, 2020
Subsequent Event [Line Items]
Number of shares authorized to be repurchased (in shares)						500,000
Remaining number of shares authorized to be repurchased (in shares)	30,940		30,940
Treasury stock, shares repurchased (in shares)	314,672	0	434,938	128,779
Subsequent Event
Subsequent Event [Line Items]
Number of shares authorized to be repurchased (in shares)					750,000
Remaining number of shares authorized to be repurchased (in shares)					750,000

Industry Segment Information (D

Industry Segment Information (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)segment	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment				2
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income		$ 27,577	$ 24,932	$ 80,739	$ 75,201
Interest income	[1]	12,187	11,745	34,920	36,683
Interest expense		287	465	915	1,911
Income (expense)		11,432	10,814	32,588	33,348
Tax-equivalized pre-tax income	[1]	8,446	7,532	26,596	24,282
Goodwill		14,262	14,262	14,262	14,262	$ 14,262
Other intangible assets, net		2,779	3,637	2,779	3,637
Total assets		2,292,986	2,000,463	2,292,986	2,000,463	$ 2,203,235
Average funding sources		1,850,088	1,531,227	1,768,616	1,416,045
Tax equivalent adjustment		468	466	1,417	1,424
Corporate, Eliminations and Other
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income		339	83	1,176	1,197
Interest income	[1]	(361)	(579)	(1,335)	812
Interest expense		0	0	0	0
Income (expense)		(859)	(593)	(2,170)	(1,674)
Tax-equivalized pre-tax income	[1]	(193)	(496)	(654)	2,010
Goodwill		0	0	0	0
Other intangible assets, net		0	0	0	0
Total assets		(5,176)	(10,540)	(5,176)	(10,540)
Average funding sources		0	0	0	0
Information Services
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income		26,642	24,198	77,717	72,098
Interest income	[1]	6,361	5,112	17,754	14,774
Interest expense		0	0	0	0
Tax-equivalized pre-tax income	[1]	6,753	4,522	19,170	13,082
Goodwill		12,433	12,433	12,433	12,433
Other intangible assets, net		431	837	431	837
Total assets		1,018,710	905,158	1,018,710	905,158
Average funding sources		974,091	751,010	906,474	703,142
Information Services | Corporate, Eliminations and Other
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Income (expense)		0	0	0	0
Banking Services
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income		596	651	1,846	1,906
Interest income	[1]	6,187	7,212	18,501	21,097
Interest expense		287	465	915	1,911
Tax-equivalized pre-tax income	[1]	1,886	3,506	8,080	9,190
Goodwill		1,829	1,829	1,829	1,829
Other intangible assets, net		2,348	2,800	2,348	2,800
Total assets		1,279,452	1,105,845	1,279,452	1,105,845
Average funding sources		875,997	780,217	862,142	712,903
Banking Services | Corporate, Eliminations and Other
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Income (expense)		$ (859)	$ (593)	$ (2,170)	$ (1,674)
[1]	* Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2021 and 2020. The tax-equivalent adjustment was approximately $468,000 and $466,000 for the Third Quarter of 2021 and 2020, respectively, and $1,417,000 and $1,424,000 for the Nine Months Ended 2021 and 2020, respectively.

Loans by Type - Summary of Loan

Loans by Type - Summary of Loan Categories (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Participating Mortgage Loans [Line Items]
Total loans	$ 872,905	$ 872,905	$ 891,676
Commercial and industrial
Participating Mortgage Loans [Line Items]
Total loans	356,532	356,532	298,984
Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total loans	103,596	103,596	100,419
Real Estate, Commercial, Construction
Participating Mortgage Loans [Line Items]
Total loans	24,705	24,705	25,090
Real Estate, Faith-Based, Mortgage
Participating Mortgage Loans [Line Items]
Total loans	358,493	358,493	333,661
Real Estate, Faith-based, Construction
Participating Mortgage Loans [Line Items]
Total loans	13,272	13,272	23,818
Paycheck Protection Program (“PPP”)
Participating Mortgage Loans [Line Items]
Total loans	$ 16,307	$ 16,307	$ 109,704

Loans by Type - Narrative (Deta

Loans by Type - Narrative (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)loanapplication	Dec. 31, 2020USD ($)loan	Jun. 30, 2021USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans individually evaluated for impairment | loan	0	1
Financing receivable, individually evaluated for impairment		$ 2,500
Financing receivable, allowance for credit loss, individually evaluated for impairment		$ 500,000
Number of troubled debt restructured loans | loan	0	2
Number of troubled debt restructured loans subsequently defaulted | loan		0
Paycheck Protection Program (“PPP”)
Financing Receivable, Allowance for Credit Loss [Line Items]
Deferred commitment fee			$ 479
Paycheck Protection Program (“PPP”)
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of applications | application	460
Debt related to PPP loans	$ 210,000

Loans by Type - Schedule of the

Loans by Type - Schedule of the Aging of Loans by Loan Categories (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Participating Mortgage Loans [Line Items]
Total Loans	$ 872,905	$ 891,676
Non- accrual	0	0
Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	356,532	298,984
Non- accrual	0	0
Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	103,596	100,419
Non- accrual	0	0
Real Estate, Commercial, Construction
Participating Mortgage Loans [Line Items]
Total Loans	24,705	25,090
Non- accrual	0	0
Faith-Based, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	358,493	333,661
Non- accrual	0	0
Faith-based, Construction
Participating Mortgage Loans [Line Items]
Total Loans	13,272	23,818
Non- accrual	0	0
Paycheck Protection Program (“PPP”)
Participating Mortgage Loans [Line Items]
Total Loans	16,307	109,704
Non- accrual	0	0
Current
Participating Mortgage Loans [Line Items]
Total Loans	872,905	891,676
Current | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	356,532	298,984
Current | Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	103,596	100,419
Current | Real Estate, Commercial, Construction
Participating Mortgage Loans [Line Items]
Total Loans	24,705	25,090
Current | Faith-Based, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	358,493	333,661
Current | Faith-based, Construction
Participating Mortgage Loans [Line Items]
Total Loans	13,272	23,818
Current | Paycheck Protection Program (“PPP”)
Participating Mortgage Loans [Line Items]
Total Loans	16,307	109,704
30-59 Days
Participating Mortgage Loans [Line Items]
Total Loans	0	0
30-59 Days | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	0	0
30-59 Days | Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
30-59 Days | Real Estate, 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 | Paycheck Protection Program (“PPP”)
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 | Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | Real Estate, 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 | Paycheck Protection Program (“PPP”)
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 | Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | Real Estate, 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 | Paycheck Protection Program (“PPP”)
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, 2021	Jun. 30, 2021	Dec. 31, 2020
Participating Mortgage Loans [Line Items]
Total loans		$ 872,905	$ 872,905	$ 891,676
Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]		859,062	873,092
Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		13,843	18,584
Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Commercial and industrial
Participating Mortgage Loans [Line Items]
Total loans		356,532	356,532	298,984
Commercial and industrial | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]		345,652	284,882
Commercial and industrial | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		10,880	14,102
Commercial and industrial | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total loans		103,596	103,596	100,419
Real Estate, Commercial, Mortgage | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]		103,596	99,044
Real Estate, Commercial, Mortgage | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	1,375
Real Estate, Commercial, Mortgage | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Real Estate, Commercial, Construction
Participating Mortgage Loans [Line Items]
Total loans		24,705	24,705	25,090
Real Estate, Commercial, Construction | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]		24,705	25,090
Real Estate, Commercial, Construction | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Real Estate, Commercial, Construction | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Real Estate, Faith-Based, Mortgage
Participating Mortgage Loans [Line Items]
Total loans		358,493	358,493	333,661
Real Estate, Faith-Based, Mortgage | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]		355,530	330,554
Real Estate, Faith-Based, Mortgage | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		2,963	3,107
Real Estate, Faith-Based, Mortgage | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Real Estate, Faith-based, Construction
Participating Mortgage Loans [Line Items]
Total loans		13,272	13,272	23,818
Real Estate, Faith-based, Construction | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]		13,272	23,818
Real Estate, Faith-based, Construction | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Real Estate, Faith-based, Construction | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Paycheck Protection Program (“PPP”)
Participating Mortgage Loans [Line Items]
Total loans		$ 16,307	16,307	109,704
Paycheck Protection Program (“PPP”) | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]		16,307	109,704
Paycheck Protection Program (“PPP”) | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		0	0
Paycheck Protection Program (“PPP”) | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]		$ 0	$ 0
[1]	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]	2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Loans by Type - Summary of Cate

Loans by Type - Summary of Category of Loans Considered as Troubled Debt Restructuring (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021loan	Dec. 31, 2020USD ($)loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of Loans | loan	0	2
Pre-Modification Outstanding Balance		$ 9,802
Post-Modification Outstanding Balance		$ 9,802
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of Loans | loan		1
Pre-Modification Outstanding Balance		$ 8,773
Post-Modification Outstanding Balance		$ 8,773
Faith-based real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of Loans | loan		1
Pre-Modification Outstanding Balance		$ 1,029
Post-Modification Outstanding Balance		$ 1,029

Loans by Type - Summary of ACL

Loans by Type - Summary of ACL by Category (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance			$ 11,944
Charge Offs			(430)
Provision for (release of) credit losses / loan losses	$ 340	$ 0	(870)	$ 725
Ending Balance	11,532		11,532		$ 11,944
Loans Excluding Unfunded Commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance			11,944	10,556	10,556
Charge Offs			0
Provision for (release of) credit losses / loan losses			(440)		645
Recoveries			28		20
Ending Balance	11,532		11,532		11,944
Loans Excluding Unfunded Commitments | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				723	723
Loans Excluding Unfunded Commitments | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				11,279	11,279
Loans Excluding Unfunded Commitments | C&I
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance			4,635	4,874	4,874
Charge Offs			0
Provision for (release of) credit losses / loan losses			(289)		268
Recoveries			13		19
Ending Balance	4,359		4,359		4,635
Loans Excluding Unfunded Commitments | C&I | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				(526)	(526)
Loans Excluding Unfunded Commitments | C&I | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				4,348	4,348
Loans Excluding Unfunded Commitments | CRE
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance			1,175	1,528	1,528
Charge Offs			0
Provision for (release of) credit losses / loan losses			(99)		48
Recoveries			0		0
Ending Balance	1,076		1,076		1,175
Loans Excluding Unfunded Commitments | CRE | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				(401)	(401)
Loans Excluding Unfunded Commitments | CRE | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				1,127	1,127
Loans Excluding Unfunded Commitments | Faith-based CRE
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance			5,717	3,842	3,842
Charge Offs			0
Provision for (release of) credit losses / loan losses			76		238
Recoveries			15		1
Ending Balance	5,808		5,808		5,717
Loans Excluding Unfunded Commitments | Faith-based CRE | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				1,636	1,636
Loans Excluding Unfunded Commitments | Faith-based CRE | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				5,478	5,478
Loans Excluding Unfunded Commitments | Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance			417	312	312
Charge Offs			0
Provision for (release of) credit losses / loan losses			(128)		91
Recoveries			0		0
Ending Balance	$ 289		$ 289		417
Loans Excluding Unfunded Commitments | Construction | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				14	14
Loans Excluding Unfunded Commitments | Construction | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance				$ 326	$ 326

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Charge Offs	$ 430
Allowance for unfunded commitments	137	$ 567
Unused loan commitments	194,327
Financial Standby Letter of Credit
Loss Contingencies [Line Items]
Letters of credit	12,061
Stand by Letters Of Credit Member
Loss Contingencies [Line Items]
Letters of credit	$ 235

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Time Deposit Maturities (Details) $ in Thousands	Sep. 30, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Time deposits	$ 50,699
Less than 1 Year	34,719
1-3 Years	15,917
3-5 Years	63
Over 5 Years	$ 0

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,066	$ 799	$ 2,585	$ 2,277
Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,500,000		1,500,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			52,356
Award vesting period			3 years
Unrecognized compensation expense	$ 2,060		$ 2,060
Unrecognized compensation expense, period for recognition			8 months 12 days
Restricted Stock | Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			52,356
Performance-based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			52,240
Award vesting period			3 years
Percentage of target opportunity for awards to vest			94.40%
Shares issued in period (in shares)			31,150
Performance-based Restricted Stock | Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			31,150
Performance-based Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest			0.00%
Performance-based Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest			150.00%
SARs | Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-option equity instruments, granted (in shares)			0

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Shares
Beginning balance (in shares) | shares	136,167
Granted (in shares) | shares	52,356
Vested (in shares) | shares	(23,782)
Forfeitures (in shares) | shares	(738)
Ending balance (in shares) | shares	164,003
Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 46.78
Granted (in dollars per share) | $ / shares	41.59
Vested (in dollars per share) | $ / shares	48.43
Forfeitures (in dollars per share) | $ / shares	46.07
Ending balance (in dollars per share) | $ / shares	$ 46.69

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of PBRS Activity (Details) - Performance-based Restricted Stock	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Shares
Beginning balance (in shares) | shares	98,410
Granted (in shares) | shares	52,240
Vested (in shares) | shares	(33,000)
Forfeitures (in shares) | shares	(1,107)
Ending balance (in shares) | shares	116,543
Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 50.64
Granted (in dollars per share) | $ / shares	40.74
Vested (in dollars per share) | $ / shares	49.07
Forfeitures (in dollars per share) | $ / shares	46.07
Ending balance (in dollars per share) | $ / shares	$ 46.79

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Company's SARs Activity (Details) - SARs - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Shares
Beginning balance (in shares)		144,999
Exercised (in shares)		(20,560)
Forfeited (in shares)		(2,088)
Ending balance (in shares)	122,351	122,351	144,999
Weighted- Average Exercise Price
Beginning balance (in dollars per share)		$ 32.99
Exercised (in dollars per share)		24.12
Forfeited (in dollars per share)		31.92
Ending balance (in dollars per share)	$ 34.50	$ 34.50	$ 32.99
Outstanding, average remaining contractual term (in years)	1 year 4 months 28 days		1 year 11 months 12 days
Aggregate intrinsic value	$ 1,046	$ 1,046	$ 1,095

Defined Pension Plans - Narrati

Defined Pension Plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Pension period			30 years
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)	$ (678)	$ 1,103	$ (1,096)	$ 3,159	$ 4,134
Contributions			330
Supplemental Employee Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)	$ 160	$ 145	$ 481	$ 435	$ 580

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the year						$ 4,329
Interest cost on projected benefit obligation						3,908
Expected return on plan assets						(6,049)
Net amortization						1,946
Net periodic pension (benefit) cost	$ (678)	$ 1,103	$ (1,096)	$ 3,159		4,134
Pension Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the year					$ 963
Interest cost on projected benefit obligation					3,069
Expected return on plan assets					(6,299)
Net amortization					360
Net periodic pension (benefit) cost					(1,907)
Supplemental Employee Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the year						121
Interest cost on projected benefit obligation						347
Net amortization						112
Net periodic pension (benefit) cost	$ 160	$ 145	$ 481	$ 435		$ 580
Supplemental Employee Retirement Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the year					147
Interest cost on projected benefit obligation					291
Net amortization					203
Net periodic pension (benefit) cost					$ 641

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	14.70%	18.20%	17.00%	17.90%

Investment in Securities - Sche

Investment in Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Amortized Cost	$ 528,531	$ 338,047
Gross Unrealized Gains	14,698	19,679
Gross Unrealized Losses	2,150	0
Fair Value	541,079	357,726
State and political subdivisions
Marketable Securities [Line Items]
Amortized Cost	345,165	287,059
Gross Unrealized Gains	13,880	18,915
Gross Unrealized Losses	821	0
Fair Value	358,224	305,974
U.S. government agencies
Marketable Securities [Line Items]
Amortized Cost	112,850	50,988
Gross Unrealized Gains	537	764
Gross Unrealized Losses	1,288	0
Fair Value	112,099	$ 51,752
Corporate Bonds
Marketable Securities [Line Items]
Amortized Cost	70,516
Gross Unrealized Gains	281
Gross Unrealized Losses	41
Fair Value	$ 70,756

Investment in Securities - Narr

Investment in Securities - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)position	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)position	Sep. 30, 2020USD ($)	Dec. 31, 2020position
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities, number of positions | position	66		66		0
Available-for-sale securities, percentage of total securities	20.00%		20.00%
Available-for-sale securities, number of positions, greater than one year | position	0		0
Proceeds from sales of securities available-for-sale	$ 30,074,000	$ 0	$ 43,190,000	$ 19,629,000
Available-for-sale securities, gross realized losses	$ 1,000	$ 0
Available-for-sale securities, gross realized gains			$ 44,000	$ 1,069,000

Investment in Securities - Sc_2

Investment in Securities - Schedule of the Fair Values of Securities with Unrealized Losses (Details) $ in Thousands	Sep. 30, 2021USD ($)
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	$ 167,725
AFS, Less than 12 months, Unrealized Losses	2,150
AFS, 12 months or more, Estimated Fair Value	0
AFS, 12 months or more, Unrealized Losses	0
AFS, Total Estimated Fair Value	167,725
AFS, Total Unrealized Losses	2,150
State and political subdivisions
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	68,399
AFS, Less than 12 months, Unrealized Losses	821
AFS, 12 months or more, Estimated Fair Value	0
AFS, 12 months or more, Unrealized Losses	0
AFS, Total Estimated Fair Value	68,399
AFS, Total Unrealized Losses	821
U.S. government agencies
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	88,386
AFS, Less than 12 months, Unrealized Losses	1,288
AFS, 12 months or more, Estimated Fair Value	0
AFS, 12 months or more, Unrealized Losses	0
AFS, Total Estimated Fair Value	88,386
AFS, Total Unrealized Losses	1,288
Corporate Bonds
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	10,940
AFS, Less than 12 months, Unrealized Losses	41
AFS, 12 months or more, Estimated Fair Value	0
AFS, 12 months or more, Unrealized Losses	0
AFS, Total Estimated Fair Value	10,940
AFS, Total Unrealized Losses	$ 41

Investment in Securities - Sc_3

Investment in Securities - Schedule of Amortized Cost and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Amortized Cost
Due in 1 year or less	$ 25,511
Due after 1 year through 5 years	104,620
Due after 5 years through 10 years	210,353
Due after 10 years	188,047
Amortized Cost	528,531	$ 338,047
Fair Value
Due in 1 year or less	25,760
Due after 1 year through 5 years	109,737
Due after 5 years through 10 years	219,204
Due after 10 years	186,378
Total	$ 541,079	$ 357,726

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Balance sheet assets:
Securities available-for-sale, at fair value	$ 541,079	$ 357,726
Carrying Amount
Balance sheet assets:
Cash and cash equivalents	500,309	670,528
Securities available-for-sale, at fair value	541,079	357,726
Loans, net	861,373	879,732
Accrued interest receivable	6,332	6,850
Total	1,909,093	1,914,836
Balance sheet liabilities:
Deposits	1,087,317	1,050,856
Accounts and drafts payable	905,479	835,386
Accrued interest payable	68	38
Total	1,992,864	1,886,280
Fair Value
Balance sheet assets:
Cash and cash equivalents	500,309	670,528
Securities available-for-sale, at fair value	541,079	357,726
Loans, net	861,828	883,461
Accrued interest receivable	6,332	6,850
Total	1,909,548	1,918,565
Balance sheet liabilities:
Deposits	1,087,317	1,050,856
Accounts and drafts payable	905,479	835,386
Accrued interest payable	68	38
Total	$ 1,992,864	$ 1,886,280

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	$ 27,410	$ 24,817	$ 79,998	$ 73,789
Other income (out-of-scope of FASB ASC 606)	167	115	741	1,412
Total fee revenue and other income	27,577	24,932	80,739	75,201
Information services payment and processing revenue
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	26,877	24,376	78,441	72,540
Invoice processing fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	19,230	18,650	58,047	55,697
Invoice payment fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	7,647	5,726	20,394	16,843
Bank service fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	$ 533	$ 441	$ 1,557	$ 1,249

Leases - Narrative (Details)

Leases - Narrative (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2021USD ($)
Leases [Abstract]
Operating lease, liability	$ 5,246,000	$ 5,246,000
Operating lease, right-of-use asset	$ 4,754,000	$ 4,754,000
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	$ 416,000	$ 1,251,000
Short-term lease, cost	$ 42,000	133,000
Variable lease, cost		$ 0
Operating lease, weighted average remaining lease term	6 years	6 years
Operating lease, weighted average discount rate, percent	5.35%	5.35%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Maturity (Details) $ in Thousands	Sep. 30, 2021USD ($)
Lease payments due
Less than 1 year	$ 1,726
1-2 years	1,102
2-3 years	563
3-4 years	553
4-5 years	552
Over 5 years	1,629
Total undiscounted cash flows	6,125
Discount on cash flows	879
Total lease liability	$ 5,246