Cass Information Systems (CASS) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	Apr. 22, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	000-20827
Entity Registrant Name	CASS INFORMATION SYSTEMS, INC.
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	43-1265338
Entity Address, Address Line One	12444 Powerscourt Drive
Entity Address, Address Line Two	Suite 550
Entity Address, City or Town	St. Louis
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63131
City Area Code	314
Local Phone Number	506-5500
Title of 12(b) Security	Common stock, par value $.50
Trading Symbol	CASS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,652,849
Entity Central Index Key	0000708781
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 22,416	$ 12,301
Short-term investments	169,033	502,627
Cash and cash equivalents	191,449	514,928
Securities available-for-sale, at fair value	774,610	673,453
Loans	977,202	960,567
Less: Allowance for credit losses	12,406	12,041
Loans, net	964,796	948,526
Payments in advance of funding	329,622	291,427
Premises and equipment, net	19,086	18,113
Investment in bank-owned life insurance	47,163	43,176
Goodwill	14,262	14,262
Other intangible assets, net	2,429	2,564
Other assets	78,626	48,452
Total assets	2,422,043	2,554,901
Deposits:
Noninterest-bearing	621,819	582,642
Interest-bearing	555,116	638,861
Total deposits	1,176,935	1,221,503
Accounts and drafts payable	989,733	1,050,396
Other liabilities	38,297	37,204
Total liabilities	2,204,965	2,309,103
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 March 31, 2022 and December 31, 2021; 13,644,741 and 13,734,295 shares outstanding at March 31, 2022 and December 31, 2021, respectively.	7,753	7,753
Additional paid-in capital	203,149	204,276
Retained earnings	116,646	112,220
Common shares in treasury, at cost (1,861,031 shares at March 31, 2022 and 1,771,477 shares at December 31, 2021)	(82,348)	(78,904)
Accumulated other comprehensive (loss) income	(28,122)	453
Total shareholders’ equity	217,078	245,798
Total liabilities and shareholders’ equity	$ 2,422,043	$ 2,554,901

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par or stated value per share (in dollars per share)	$ 0.50	$ 0.50
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par or stated value per share (in dollars per share)	$ 0.50	$ 0.50
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares, issued (in shares)	15,505,772	15,505,772
Common stock, shares, outstanding (in shares)	13,644,741	13,734,295
Treasury stock, shares (in shares)	1,861,031	1,771,477

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fee Revenue and Other Income:
Fee revenues	$ 29,997	$ 25,709
Other	862	803
Total fee revenue and other income	30,430	26,175
Interest Income:
Interest and fees on loans	8,777	8,587
Interest and dividends on securities:
Taxable	1,456	198
Exempt from federal income taxes	1,677	1,739
Interest on federal funds sold and other short-term investments	216	152
Total interest income	12,126	10,676
Interest Expense:
Interest on deposits	223	331
Total interest expense	223	331
Net interest income	11,903	10,345
Provision for (release of) credit losses	230	(600)
Net interest income after provision for (release of) credit losses	11,673	10,945
Total net revenue	42,103	37,120
Operating Expense:
Personnel	24,718	22,526
Occupancy	915	947
Equipment	1,711	1,675
Amortization of intangible assets	135	215
Other operating expense	4,349	3,162
Total operating expense	31,828	28,525
Income before income tax expense	10,275	8,595
Income tax expense	2,017	1,524
Net income	$ 8,258	$ 7,071
Basic earnings per share (in dollars per share)	$ 0.61	$ 0.49
Diluted earnings per share (in dollars per share)	$ 0.60	$ 0.49
Processing fees
Fee Revenue and Other Income:
Fee revenues	$ 19,036	$ 18,375
Financial fees
Fee Revenue and Other Income:
Fee revenues	$ 10,532	$ 6,997

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Comprehensive Income:
Net income	$ 8,258	$ 7,071
Other comprehensive (loss) income:
Net unrealized loss on securities available-for-sale	(37,499)	(4,214)
Tax effect	8,925	1,003
Reclassification adjustments for gains included in net income	0	(48)
Tax effect	0	11
Foreign currency translation adjustments	(1)	(129)
Total comprehensive (loss) income	$ (20,317)	$ 3,694

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Cash Flows From Operating Activities:
Net income	$ 8,258	$ 7,071
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,912	2,978
Gains on sales of securities	0	(48)
Stock-based compensation expense	1,090	693
Provision for (release of) credit losses	230	(600)
Increase in current income tax liability	1,911	1,355
(Decrease) increase in pension liability	(640)	336
Increase in accounts receivable	(726)	(237)
Other operating activities, net	1,688	5,156
Net cash provided by operating activities	14,723	16,704
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale	0	2,991
Proceeds from maturities of securities available-for-sale	16,194	47,113
Purchase of securities available-for-sale	(156,597)	(125,467)
Net (increase) decrease in loans	(16,500)	3,478
Purchase of bank-owned life insurance	(3,987)	0
Increase in payments in advance of funding	(38,195)	(21,912)
Purchases of premises and equipment, net	(2,002)	(900)
Net cash used in investing activities	(201,087)	(94,697)
Cash Flows From Financing Activities:
Net increase (decrease) in noninterest-bearing demand deposits	39,177	(68,645)
Net (decrease) increase in interest-bearing demand and savings deposits	(80,002)	21,373
Net decrease in time deposits	(3,743)	(449)
Net (decrease) increase in accounts and drafts payable	(83,054)	60,905
Cash dividends paid	(3,832)	(3,886)
Purchase of common shares for treasury	(5,086)	(1,228)
Other financing activities, net	(575)	(946)
Net cash (used in) provided by financing activities	(137,115)	7,124
Net decrease in cash and cash equivalents	(323,479)	(70,869)
Cash and cash equivalents at beginning of period	514,928	670,528	$ 670,528
Cash and cash equivalents at end of period	191,449	599,659	$ 514,928
Supplemental information:
Cash paid for interest	216	311
Cash paid for income taxes	$ 109	$ 134

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, 2020	$ 261,160	$ 7,753	$ 204,875	$ 99,062	$ (50,515)	$ (15)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,071			7,071
Cash dividends	(3,886)			(3,886)
Issuance of common shares pursuant to stock-based compensation plan, net	(830)		(2,426)		1,596
Exercise of SARs	(116)		(314)		198
Stock-based compensation expense	693		693
Purchase of common shares	(1,228)				(1,228)
Other comprehensive income (loss)	(3,377)					(3,377)
Ending balance at Mar. 31, 2021	259,487	7,753	202,828	102,247	(49,949)	(3,392)
Beginning balance at Dec. 31, 2021	245,798	7,753	204,276	112,220	(78,904)	453
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,258			8,258
Cash dividends	(3,832)			(3,832)
Issuance of common shares pursuant to stock-based compensation plan, net	(490)		(1,889)		1,399
Exercise of SARs	(85)		(328)		243
Stock-based compensation expense	1,090		1,090
Purchase of common shares	(5,086)				(5,086)
Other comprehensive income (loss)	(28,575)					(28,575)
Ending balance at Mar. 31, 2022	$ 217,078	$ 7,753	$ 203,149	$ 116,646	$ (82,348)	$ (28,122)

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.28	$ 0.27
Issuance of common shares pursuant to stock-based compensation plan, net (in shares)	58,272	69,374
Purchase of common shares (in shares)	124,874	31,256

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Certain amounts in prior-period financial statements have been reclassified to conform to the current period’s presentation. Such reclassifications have no effect on previously reported net income or shareholders’ equity. For further information, refer to the audited consolidated financial statements and related footnotes included in Cass Information System, Inc.’s (the “Company” or “Cass”) Annual Report on Form 10-K for the year ended December 31, 2021. Risks and Uncertainties

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets The Company accounts for intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350, Goodwill and Other Intangible Assets , which requires that intangibles with indefinite useful lives be tested annually for impairment, or when management deems there is a triggering event, and those with finite useful lives be amortized over their useful lives. Details of the Company’s intangible assets are as follows: March 31, 2022 December 31, 2021 (In thousands) Gross Carrying Accumulated Gross Carrying Accumulated Assets eligible for amortization: Customer lists $ 4,778 $ (4,371) $ 4,778 $ (4,341) Patents 72 (29) 72 (28) Software 2,844 (1,197) 2,844 (1,104) Trade Name 190 (25) 190 (22) Other 500 (333) 500 (325) Unamortized intangible assets: Goodwill 14,262 — 14,262 — Total intangible assets $ 22,646 $ (5,955) $ 22,646 $ (5,820)

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
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 2022 2021 Basic Net income $ 8,258 $ 7,071 Weighted-average common shares outstanding 13,577,991 14,312,260 Basic earnings per share $ .61 $ .49 Diluted Net income $ 8,258 $ 7,071 Weighted-average common shares outstanding 13,577,991 14,312,260 Effect of dilutive restricted stock and stock appreciation rights 236,233 220,809 Weighted-average common shares outstanding assuming dilution 13,814,224 14,533,069 Diluted earnings per share $ .60 $ .49

Stock Repurchases

Stock Repurchases	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Stock Repurchases	Stock Repurchases The Company maintains a treasury stock buyback program pursuant to which, in October 2021, the Board of Directors authorized the repurchase of up to 750,000 shares of the Company’s common stock with no expiration date. As of March 31, 2022, 346,207 shares remained available for repurchase under the program. The Company repurchased 124,874 and 31,256 shares during the three-month periods ended March 31, 2022 and 2021, respectively. Repurchases may be made in the open market or through negotiated transactions from time to time depending on market conditions.

Industry Segment Information

Industry Segment Information	3 Months Ended
	Mar. 31, 2022
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, 2021. 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 March 31, 2022: Fee income $ 29,234 $ 628 $ 568 $ 30,430 Interest income* 6,326 6,482 (237) 12,571 Interest expense — 223 — 223 Intersegment income (expense) — 1,133 (1,133) — Tax-equivalized pre-tax income* 7,815 2,850 56 10,721 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 307 2,122 — 2,429 Total assets 1,090,737 1,345,958 (14,652) 2,422,043 Average funding sources 1,008,928 966,820 — 1,975,748 Three Months Ended March 31, 2021: Fee income $ 25,298 $ 317 $ 560 $ 26,175 Interest income* 5,509 5,751 (122) 11,138 Interest expense — 331 — 331 Intersegment income (expense) — 623 (623) — Tax-equivalized pre-tax income* 5,786 2,988 283 9,057 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 634 2,574 — 3,208 Total assets 1,023,196 1,263,669 (70,292) 2,216,573 Average funding sources 837,852 849,177 — 1,687,029

Loans by Type

Loans by Type	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Loans by Type	Note 6 – Loans by Type A summary of loans is as follows: (In thousands) March 31, December 31, Commercial and industrial $ 469,129 $ 450,336 Real estate: Commercial: Mortgage 101,018 108,759 Construction 24,757 24,797 Faith-based: Mortgage 367,376 355,582 Construction 13,512 14,664 Paycheck Protection Program (“PPP”) 1,373 6,299 Other 37 130 Total loans $ 977,202 $ 960,567 The following table presents the aging of loans past due by category at March 31, 2022 and December 31, 2021: Performing Nonperforming (In thousands) Current 30-59 60-89 90 Non- Total March 31, 2022 Commercial and industrial $ 469,129 $ — $ — $ — $ — $ 469,129 Real estate Commercial: Mortgage 101,018 — — — — 101,018 Construction 24,757 — — — — 24,757 Faith-based: Mortgage 367,376 — — — — 367,376 Construction 13,512 — — — — 13,512 PPP 1,373 — — — — 1,373 Other 37 — — — — 37 Total $ 977,202 $ — $ — $ — $ — $ 977,202 December 31, 2021 Commercial and industrial $ 450,336 $ — $ — $ — $ — $ 450,336 Real estate Commercial: Mortgage 108,759 — — — — 108,759 Construction 24,797 — — — — 24,797 Faith-based: Mortgage 355,582 — — — — 355,582 Construction 14,664 — — — — 14,664 PPP 6,299 — — — — 6,299 Other 130 — — — — 130 Total $ 960,567 $ — $ — $ — $ — $ 960,567 The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of March 31, 2022 and December 31, 2021: (In thousands) Loans Subject to Normal Monitoring 1 Performing Loans Subject to Special Monitoring 2 Nonperforming Loans Subject to Special Monitoring 2 Total Loans March 31, 2022 Commercial and industrial $ 466,946 $ 2,183 $ — $ 469,129 Real estate Commercial: Mortgage 100,472 546 — 101,018 Construction 24,757 — — 24,757 Faith-based: Mortgage 366,397 979 — 367,376 Construction 13,512 — — 13,512 PPP 1,373 — — 1,373 Other 37 — — 37 Total $ 973,494 $ 3,708 $ — $ 977,202 December 31, 2021 Commercial and industrial $ 440,607 $ 9,729 $ — $ 450,336 Real estate Commercial: Mortgage 108,759 — — 108,759 Construction 24,797 — — 24,797 Faith-based: Mortgage 352,717 2,865 — 355,582 Construction 14,664 — — 14,664 PPP 6,299 — — 6,299 Other 130 — — 130 Total $ 947,973 $ 12,594 $ — $ 960,567 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 March 31, 2022 or December 31, 2021. There were no foreclosed loans recorded as other real estate owned (included in other assets) as of March 31, 2022 or December 31, 2021. There were no loans considered troubled debt restructurings as of March 31, 2022 or December 31, 2021. A summary of the activity in allowance for credit losses (“ACL”) by category for the periods ended March 31, 2022 and December 31, 2021 is as follows: (In thousands) C&I CRE Faith-based Construction Total Balance at December 31, 2020 $ 4,635 $ 1,175 $ 5,717 $ 417 $ 11,944 Provision for (release of) credit losses 387 (144) (48) (125) 70 Recoveries 12 — 15 — 27 Balance at December 31, 2021 $ 5,034 $ 1,031 $ 5,684 $ 292 $ 12,041 Provision for (release of) credit losses 245 (55) 180 (5) 365 Recoveries — — — — — Balance at March 31, 2022 $ 5,279 $ 976 $ 5,864 $ 287 $ 12,406

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
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 $135,000 was recorded during the three months ended March 31, 2022 primarily due to a decrease in unfunded commitments. An allowance for unfunded commitments of $232,000 and $367,000 had been recorded at March 31, 2022 and December 31, 2021, 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 March 31, 2022, the balances of unused loan commitments, standby and commercial letters of credit were $200,547,000, $12,297,000, and $1,208,000, 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.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2022
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 three months ended March 31, 2022, 40,462 restricted shares, 57,542 performance-based restricted shares, and no SARs were granted under the Omnibus Plan. Stock-based compensation expense for the three months ended March 31, 2022 and 2021 was $1,090,000 and $693,000, respectively. Restricted Stock Restricted shares granted to Company employees are amortized to expense over a 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 March 31, 2022, the total unrecognized compensation expense related to non-vested restricted shares was $2,625,000, and the related weighted-average period over which it is expected to be recognized is approximately 1.01 years. Following is a summary of the activity of the Company's restricted stock for the three months ended March 31, 2022, with total shares and weighted average fair value: Three Months Ended Shares Fair Value Balance at December 31, 2021 165,553 $ 44.81 Granted 40,462 39.45 Vested (21,836) 49.09 Balance at March 31, 2022 184,179 $ 43.13 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 three months ended March 31, 2022, based on 100% of target value: Three Months Ended Shares Fair Value Balance at December 31, 2021 116,543 $ 46.79 Granted 57,542 39.58 Vested (33,668) 49.09 Balance at March 31, 2022 140,417 $ 43.20 The PBRS that vested during the three months ended March 31, 2022 were based on the Company's achievement of 52.9% of target financial goals, resulting in the issuance of 17,810 shares of common stock. The outstanding PBRS at March 31, 2022 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 three months ended March 31, 2022. Following is a summary of the activity of the Company’s SARs program for the three months ended March 31, 2022: Shares Weighted- Average Aggregate Intrinsic Value (In thousands) Balance at December 31, 2021 117,089 $ 34.91 1.21 $ 741 Exercised (23,976) 27.78 — — Exercisable at March 31, 2022 93,113 $ 36.75 1.16 $ 313 There were no non-vested SARs at March 31, 2022.

Defined Pension Plans

Defined Pension Plans	3 Months Ended
	Mar. 31, 2022
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. As such, subsequent to February 28, 2021, there is no service cost associated with the Plan. 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 2022 Actual 2021 Service cost – benefits earned during the year $ — $ 1,002 Interest cost on projected benefit obligations 3,290 3,076 Expected return on plan assets (5,860) (6,310) Net amortization — 393 Net periodic pension benefit $ (2,570) $ (1,839) The Company recorded a net periodic benefit of $618,000 for the three-month period ended March 31, 2022, and net periodic pension cost of $273,000 for the three-month period ended March 31, 2021. Pension costs decreased during the three-month period ended March 31, 2022 due to the Plan being frozen as of February 28, 2021. The Company made no contributions to the Plan during the three-month period ended March 31, 2022 and is evaluating the amount of contributions, if any, for the remainder of 2022. 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 2021 and an estimate for 2022: (In thousands) Estimated 2022 Actual 2021 Service cost – benefits earned during the year $ — $ 147 Interest cost on projected benefit obligation 318 291 Net amortization 108 203 Net periodic pension cost $ 426 $ 641

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate was 19.6% and 17.7% for the three-month periods ended March 31, 2022 and 2021, 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 and bank-owned life insurance, among other factors. The increase in the effective tax rate for the three-month period ended March 31, 2022 as compared to 2021 is primarily a result of taxable income being higher in the current period, which reduces the relative impact of the tax-exempt income.

Investment in Securities

Investment in Securities	3 Months Ended
	Mar. 31, 2022
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: March 31, 2022 (In thousands) Amortized Gross Gross Fair State and political subdivisions $ 347,450 $ 2,417 $ 10,543 $ 339,324 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 205,522 — 13,763 191,759 Corporate bonds 96,516 — 5,321 91,195 U.S. treasury bonds 99,455 132 — 99,587 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 53,983 — 1,238 52,745 Total $ 802,926 $ 2,549 $ 30,865 $ 774,610 December 31, 2021 (In thousands) Amortized Gross Gross Fair Value State and political subdivisions $ 359,187 $ 12,931 $ 990 $ 371,128 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 170,711 135 2,200 168,646 Corporate bonds 84,538 72 272 84,338 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 49,835 — 494 49,341 Total $ 664,271 $ 13,138 $ 3,956 $ 673,453 The fair values of securities with unrealized losses are as follows: March 31, 2022 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 127,246 $ 10,543 $ — $ — $ 127,246 $ 10,543 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 175,387 11,937 16,373 1,826 191,760 13,763 Corporate Bonds 86,195 5,321 — — 86,195 5,321 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 52,744 1,238 — — 52,744 1,238 Total $ 441,572 $ 29,039 $ 16,373 $ 1,826 $ 457,945 $ 30,865 December 31, 2021 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 60,083 $ 990 $ — $ — $ 60,083 $ 990 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 163,652 2,200 — — 163,652 2,200 Corporate Bonds 55,120 272 — — 55,120 272 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 49,341 494 — — 49,341 494 Total $ 328,196 $ 3,956 $ — $ — $ 328,196 $ 3,956 There were 180 securities, or 49% (4 greater than 12 months), in an unrealized loss position as of March 31, 2022. The unrealized losses at March 31, 2022 were primarily attributable to changes in market interest rates after the securities were purchased. There were 101 securities, or 28% (0 greater than 12 months), in an unrealized loss position as of December 31, 2021. At March 31, 2022 and December 31, 2021, 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. March 31, 2022 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 20,878 $ 21,011 Due after 1 year through 5 years 237,759 238,756 Due after 5 years through 10 years 229,359 222,124 Due after 10 years 314,930 292,719 Total $ 802,926 $ 774,610

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2022
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: March 31, 2022 December 31, 2021 (In thousands) Carrying Fair Value Carrying Fair Value Balance sheet assets: Cash and cash equivalents $ 191,449 $ 191,449 $ 514,928 $ 514,928 Investment securities 774,610 774,610 673,453 673,453 Loans, net 964,796 961,547 948,526 948,701 Accrued interest receivable 7,302 7,302 6,799 6,799 Total $ 1,938,157 $ 1,934,908 $ 2,143,706 $ 2,143,881 Balance sheet liabilities: Deposits $ 1,176,935 $ 1,176,935 $ 1,221,503 $ 1,221,503 Accounts and drafts payable 989,733 989,733 1,050,396 1,050,396 Accrued interest payable 22 22 16 16 Total $ 2,166,690 $ 2,166,690 $ 2,271,915 $ 2,271,915 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	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customers	Revenue from Contracts with Customers Revenue is recognized as the obligation to the customer is satisfied. The following is detail of the Company’s revenue from contracts with clients. Processing fees – The Company earns fees on a per-item or monthly basis for the invoice processing services rendered on behalf of customers. Per-item fees are recognized at the point in time when the performance obligation is satisfied. Monthly fees are earned over the course of a month, representing the period over which the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. Financial fees – The Company earns fees on a transaction level basis for invoice payment services when making customer payments. Fees are recognized at the point in time when the payment transactions are made, which is when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. Bank service fees – Revenue from service fees consists of service charges and fees on deposit accounts under depository agreements with customers to provide access to deposited funds. Service charges on deposit accounts are transaction-based fees that are recognized at the point in time when the performance obligation is satisfied. 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 March 31, (In thousands) 2022 2021 Fee revenue and other income In-scope of FASB ASC 606 Processing fees $ 19,036 $ 18,375 Financial fees 10,532 6,997 Information services payment and processing revenue 29,568 25,372 Bank service fees 429 337 Fee revenue (in-scope of FASB ASC 606) 29,997 25,709 Other income (out-of-scope of FASB ASC 606) 433 466 Total fee revenue and other income $ 30,430 $ 26,175

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Leases The Company leases certain premises under operating leases. As of March 31, 2022, the Company had lease liabilities of $4,516,000 and right-of-use assets of $4,080,000. 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 March 31, 2022 is as follows: (In thousands) March 31, Lease payments due Less than 1 year $ 1,596 1-2 years 664 2-3 years 547 3-4 years 557 4-5 years 537 Over 5 years 1,365 Total undiscounted cash flows 5,266 Discount on cash flows 750 Total lease liability $ 4,516 There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the three months ended March 31, 2022. At March 31, 2022, the Company has one lease that has not yet commenced, but is expected to create approximately $6,800,000 of additional lease liabilities and right-of-use assets for the Company. This lease is a 10-year lease and will commence in June 2022.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022. 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)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Details of the Company’s intangible assets are as follows: March 31, 2022 December 31, 2021 (In thousands) Gross Carrying Accumulated Gross Carrying Accumulated Assets eligible for amortization: Customer lists $ 4,778 $ (4,371) $ 4,778 $ (4,341) Patents 72 (29) 72 (28) Software 2,844 (1,197) 2,844 (1,104) Trade Name 190 (25) 190 (22) Other 500 (333) 500 (325) Unamortized intangible assets: Goodwill 14,262 — 14,262 — Total intangible assets $ 22,646 $ (5,955) $ 22,646 $ (5,820)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
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 2022 2021 Basic Net income $ 8,258 $ 7,071 Weighted-average common shares outstanding 13,577,991 14,312,260 Basic earnings per share $ .61 $ .49 Diluted Net income $ 8,258 $ 7,071 Weighted-average common shares outstanding 13,577,991 14,312,260 Effect of dilutive restricted stock and stock appreciation rights 236,233 220,809 Weighted-average common shares outstanding assuming dilution 13,814,224 14,533,069 Diluted earnings per share $ .60 $ .49

Industry Segment Information (T

Industry Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022: Fee income $ 29,234 $ 628 $ 568 $ 30,430 Interest income* 6,326 6,482 (237) 12,571 Interest expense — 223 — 223 Intersegment income (expense) — 1,133 (1,133) — Tax-equivalized pre-tax income* 7,815 2,850 56 10,721 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 307 2,122 — 2,429 Total assets 1,090,737 1,345,958 (14,652) 2,422,043 Average funding sources 1,008,928 966,820 — 1,975,748 Three Months Ended March 31, 2021: Fee income $ 25,298 $ 317 $ 560 $ 26,175 Interest income* 5,509 5,751 (122) 11,138 Interest expense — 331 — 331 Intersegment income (expense) — 623 (623) — Tax-equivalized pre-tax income* 5,786 2,988 283 9,057 Goodwill 12,433 1,829 — 14,262 Other intangible assets, net 634 2,574 — 3,208 Total assets 1,023,196 1,263,669 (70,292) 2,216,573 Average funding sources 837,852 849,177 — 1,687,029

Loans by Type (Tables)

Loans by Type (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Summary of Loan Categories	A summary of loans is as follows: (In thousands) March 31, December 31, Commercial and industrial $ 469,129 $ 450,336 Real estate: Commercial: Mortgage 101,018 108,759 Construction 24,757 24,797 Faith-based: Mortgage 367,376 355,582 Construction 13,512 14,664 Paycheck Protection Program (“PPP”) 1,373 6,299 Other 37 130 Total loans $ 977,202 $ 960,567
Schedule of Debt [Table Text Block]	The following table presents the aging of loans past due by category at March 31, 2022 and December 31, 2021: Performing Nonperforming (In thousands) Current 30-59 60-89 90 Non- Total March 31, 2022 Commercial and industrial $ 469,129 $ — $ — $ — $ — $ 469,129 Real estate Commercial: Mortgage 101,018 — — — — 101,018 Construction 24,757 — — — — 24,757 Faith-based: Mortgage 367,376 — — — — 367,376 Construction 13,512 — — — — 13,512 PPP 1,373 — — — — 1,373 Other 37 — — — — 37 Total $ 977,202 $ — $ — $ — $ — $ 977,202 December 31, 2021 Commercial and industrial $ 450,336 $ — $ — $ — $ — $ 450,336 Real estate Commercial: Mortgage 108,759 — — — — 108,759 Construction 24,797 — — — — 24,797 Faith-based: Mortgage 355,582 — — — — 355,582 Construction 14,664 — — — — 14,664 PPP 6,299 — — — — 6,299 Other 130 — — — — 130 Total $ 960,567 $ — $ — $ — $ — $ 960,567
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 March 31, 2022 and December 31, 2021: (In thousands) Loans Subject to Normal Monitoring 1 Performing Loans Subject to Special Monitoring 2 Nonperforming Loans Subject to Special Monitoring 2 Total Loans March 31, 2022 Commercial and industrial $ 466,946 $ 2,183 $ — $ 469,129 Real estate Commercial: Mortgage 100,472 546 — 101,018 Construction 24,757 — — 24,757 Faith-based: Mortgage 366,397 979 — 367,376 Construction 13,512 — — 13,512 PPP 1,373 — — 1,373 Other 37 — — 37 Total $ 973,494 $ 3,708 $ — $ 977,202 December 31, 2021 Commercial and industrial $ 440,607 $ 9,729 $ — $ 450,336 Real estate Commercial: Mortgage 108,759 — — 108,759 Construction 24,797 — — 24,797 Faith-based: Mortgage 352,717 2,865 — 355,582 Construction 14,664 — — 14,664 PPP 6,299 — — 6,299 Other 130 — — 130 Total $ 947,973 $ 12,594 $ — $ 960,567 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.
Summary of ACL by Category	A summary of the activity in allowance for credit losses (“ACL”) by category for the periods ended March 31, 2022 and December 31, 2021 is as follows: (In thousands) C&I CRE Faith-based Construction Total Balance at December 31, 2020 $ 4,635 $ 1,175 $ 5,717 $ 417 $ 11,944 Provision for (release of) credit losses 387 (144) (48) (125) 70 Recoveries 12 — 15 — 27 Balance at December 31, 2021 $ 5,034 $ 1,031 $ 5,684 $ 292 $ 12,041 Provision for (release of) credit losses 245 (55) 180 (5) 365 Recoveries — — — — — Balance at March 31, 2022 $ 5,279 $ 976 $ 5,864 $ 287 $ 12,406

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
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 three months ended March 31, 2022, with total shares and weighted average fair value: Three Months Ended Shares Fair Value Balance at December 31, 2021 165,553 $ 44.81 Granted 40,462 39.45 Vested (21,836) 49.09 Balance at March 31, 2022 184,179 $ 43.13
Schedule of Performance Shares Activity	Following is a summary of the activity of the PBRS for the three months ended March 31, 2022, based on 100% of target value: Three Months Ended Shares Fair Value Balance at December 31, 2021 116,543 $ 46.79 Granted 57,542 39.58 Vested (33,668) 49.09 Balance at March 31, 2022 140,417 $ 43.20
Schedule of Stock Appreciation Right Activity	Following is a summary of the activity of the Company’s SARs program for the three months ended March 31, 2022: Shares Weighted- Average Aggregate Intrinsic Value (In thousands) Balance at December 31, 2021 117,089 $ 34.91 1.21 $ 741 Exercised (23,976) 27.78 — — Exercisable at March 31, 2022 93,113 $ 36.75 1.16 $ 313

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	3 Months Ended
	Mar. 31, 2022
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 2022 Actual 2021 Service cost – benefits earned during the year $ — $ 1,002 Interest cost on projected benefit obligations 3,290 3,076 Expected return on plan assets (5,860) (6,310) Net amortization — 393 Net periodic pension benefit $ (2,570) $ (1,839)
Schedule of Net Benefit Costs	The following table represents the components of the net periodic pension costs for 2021 and an estimate for 2022: (In thousands) Estimated 2022 Actual 2021 Service cost – benefits earned during the year $ — $ 147 Interest cost on projected benefit obligation 318 291 Net amortization 108 203 Net periodic pension cost $ 426 $ 641

Investment in Securities (Table

Investment in Securities (Tables)	3 Months Ended
	Mar. 31, 2022
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: March 31, 2022 (In thousands) Amortized Gross Gross Fair State and political subdivisions $ 347,450 $ 2,417 $ 10,543 $ 339,324 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 205,522 — 13,763 191,759 Corporate bonds 96,516 — 5,321 91,195 U.S. treasury bonds 99,455 132 — 99,587 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 53,983 — 1,238 52,745 Total $ 802,926 $ 2,549 $ 30,865 $ 774,610 December 31, 2021 (In thousands) Amortized Gross Gross Fair Value State and political subdivisions $ 359,187 $ 12,931 $ 990 $ 371,128 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 170,711 135 2,200 168,646 Corporate bonds 84,538 72 272 84,338 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 49,835 — 494 49,341 Total $ 664,271 $ 13,138 $ 3,956 $ 673,453
Schedule of Unrealized Loss on Investments	The fair values of securities with unrealized losses are as follows: March 31, 2022 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 127,246 $ 10,543 $ — $ — $ 127,246 $ 10,543 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 175,387 11,937 16,373 1,826 191,760 13,763 Corporate Bonds 86,195 5,321 — — 86,195 5,321 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 52,744 1,238 — — 52,744 1,238 Total $ 441,572 $ 29,039 $ 16,373 $ 1,826 $ 457,945 $ 30,865 December 31, 2021 Less than 12 months 12 months or more Total (In thousands) Estimated Unrealized Estimated Unrealized Estimated Unrealized State and political subdivisions $ 60,083 $ 990 $ — $ — $ 60,083 $ 990 Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 163,652 2,200 — — 163,652 2,200 Corporate Bonds 55,120 272 — — 55,120 272 Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises 49,341 494 — — 49,341 494 Total $ 328,196 $ 3,956 $ — $ — $ 328,196 $ 3,956
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. March 31, 2022 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 20,878 $ 21,011 Due after 1 year through 5 years 237,759 238,756 Due after 5 years through 10 years 229,359 222,124 Due after 10 years 314,930 292,719 Total $ 802,926 $ 774,610

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
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: March 31, 2022 December 31, 2021 (In thousands) Carrying Fair Value Carrying Fair Value Balance sheet assets: Cash and cash equivalents $ 191,449 $ 191,449 $ 514,928 $ 514,928 Investment securities 774,610 774,610 673,453 673,453 Loans, net 964,796 961,547 948,526 948,701 Accrued interest receivable 7,302 7,302 6,799 6,799 Total $ 1,938,157 $ 1,934,908 $ 2,143,706 $ 2,143,881 Balance sheet liabilities: Deposits $ 1,176,935 $ 1,176,935 $ 1,221,503 $ 1,221,503 Accounts and drafts payable 989,733 989,733 1,050,396 1,050,396 Accrued interest payable 22 22 16 16 Total $ 2,166,690 $ 2,166,690 $ 2,271,915 $ 2,271,915

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	For the Three Months Ended March 31, (In thousands) 2022 2021 Fee revenue and other income In-scope of FASB ASC 606 Processing fees $ 19,036 $ 18,375 Financial fees 10,532 6,997 Information services payment and processing revenue 29,568 25,372 Bank service fees 429 337 Fee revenue (in-scope of FASB ASC 606) 29,997 25,709 Other income (out-of-scope of FASB ASC 606) 433 466 Total fee revenue and other income $ 30,430 $ 26,175

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Operating Lease Maturity	A maturity analysis of operating lease liabilities and undiscounted cash flows as of March 31, 2022 is as follows: (In thousands) March 31, Lease payments due Less than 1 year $ 1,596 1-2 years 664 2-3 years 547 3-4 years 557 4-5 years 537 Over 5 years 1,365 Total undiscounted cash flows 5,266 Discount on cash flows 750 Total lease liability $ 4,516

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets and Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets eligible for amortization:
Accumulated Amortization	$ (5,955)	$ (5,820)
Unamortized intangible assets:
Goodwill, gross carrying amount	14,262	14,262
Total intangible assets, net	22,646	22,646
Total intangible assets, accumulated amortization	5,955	5,820
Customer lists
Assets eligible for amortization:
Gross Carrying Amount	4,778	4,778
Accumulated Amortization	(4,371)	(4,341)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	4,371	4,341
Patents
Assets eligible for amortization:
Gross Carrying Amount	72	72
Accumulated Amortization	(29)	(28)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	29	28
Software
Assets eligible for amortization:
Gross Carrying Amount	2,844	2,844
Accumulated Amortization	(1,197)	(1,104)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	1,197	1,104
Trade Name
Assets eligible for amortization:
Gross Carrying Amount	190	190
Accumulated Amortization	(25)	(22)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	25	22
Other
Assets eligible for amortization:
Gross Carrying Amount	500	500
Accumulated Amortization	(333)	(325)
Unamortized intangible assets:
Total intangible assets, accumulated amortization	$ 333	$ 325

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 135	$ 215
Expected amortization, remainder of fiscal year	540
Amortization expense, next rolling twelve months	540
Amortization expense, rolling year two	498
Amortization expense, rolling year three	490
Amortization expense, rolling year four	$ 342
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
	Mar. 31, 2022	Mar. 31, 2021
Basic
Net income	$ 8,258	$ 7,071
Weighted-average common shares outstanding (in shares)	13,577,991	14,312,260
Basic earnings per share (in dollars per share)	$ 0.61	$ 0.49
Diluted
Net Income	$ 8,258	$ 7,071
Weighted-average common shares outstanding (in shares)	13,577,991	14,312,260
Effect of dilutive restricted stock and stock appreciation rights (in shares)	236,233	220,809
Weighted-average common shares outstanding assuming dilution (in shares)	13,814,224	14,533,069
Diluted earnings per share (in dollars per share)	$ 0.60	$ 0.49

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Oct. 31, 2021
Equity [Abstract]
Number of shares authorized to be repurchased (in shares)			750,000
Remaining number of shares authorized to be repurchased (in shares)	346,207
Treasury stock, shares repurchased (in shares)	124,874	31,256

Industry Segment Information (D

Industry Segment Information (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment		2
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income		$ 30,430	$ 26,175
Interest income	[1]	12,571	11,138
Interest expense		223	331
Intersegment income (expense)		11,903	10,345
Tax-equivalized pre-tax income	[1]	10,721	9,057
Goodwill		14,262	14,262	$ 14,262
Other intangible assets, net		2,429	3,208
Total assets		2,422,043	2,216,573	$ 2,554,901
Average funding sources		1,975,748	1,687,029
Tax equivalent adjustment		446	462
Corporate, Eliminations and Other
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income		568	560
Interest income	[1]	(237)	(122)
Interest expense		0	0
Intersegment income (expense)		(1,133)	(623)
Tax-equivalized pre-tax income	[1]	56	283
Goodwill		0	0
Other intangible assets, net		0	0
Total assets		(14,652)	(70,292)
Average funding sources		0	0
Information services payment and processing revenue
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income		29,234	25,298
Interest income	[1]	6,326	5,509
Interest expense		0	0
Tax-equivalized pre-tax income	[1]	7,815	5,786
Goodwill		12,433	12,433
Other intangible assets, net		307	634
Total assets		1,090,737	1,023,196
Average funding sources		1,008,928	837,852
Information services payment and processing revenue | Corporate, Eliminations and Other
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Intersegment income (expense)		0	0
Banking Services
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Fee income		628	317
Interest income	[1]	6,482	5,751
Interest expense		223	331
Tax-equivalized pre-tax income	[1]	2,850	2,988
Goodwill		1,829	1,829
Other intangible assets, net		2,122	2,574
Total assets		1,345,958	1,263,669
Average funding sources		966,820	849,177
Banking Services | Corporate, Eliminations and Other
Interest Income (Expense), after Provision for Loan Loss [Abstract]
Intersegment income (expense)		$ (1,133)	$ (623)
[1]	* Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2022 and 2021. The tax-equivalent adjustment was approximately $446,000 and $462,000 for the First Quarter of 2022 and 2021, respectively

Loans by Type - Summary of Loan

Loans by Type - Summary of Loan Categories (Details) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Participating Mortgage Loans [Line Items]
Total loans		$ 977,202	$ 960,567
Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	973,494	947,973
Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]	3,708	12,594
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		469,129	450,336
Commercial and industrial | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	466,946	440,607
Commercial and industrial | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]	2,183	9,729
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		101,018	108,759
Real Estate, Commercial, Mortgage | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	100,472	108,759
Real Estate, Commercial, Mortgage | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]	546	0
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		24,757	24,797
Real Estate, Commercial, Construction | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	24,757	24,797
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		367,376	355,582
Real Estate, Faith-Based, Mortgage | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	366,397	352,717
Real Estate, Faith-Based, Mortgage | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]	979	2,865
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		13,512	14,664
Real Estate, Faith-based, Construction | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	13,512	14,664
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		1,373	6,299
Paycheck Protection Program (“PPP”) | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	1,373	6,299
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
Other
Participating Mortgage Loans [Line Items]
Total loans		37	130
Other | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans		37	130
Other | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans		0	0
Other | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans		$ 0	$ 0
[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 - Narrative (Deta

Loans by Type - Narrative (Details)	3 Months Ended
	Mar. 31, 2022loan
Receivables [Abstract]
Number of loans individually evaluated for impairment	0
Number of troubled debt restructured loans	0

Loans by Type - Schedule of the

Loans by Type - Schedule of the Aging of Loans by Loan Categories (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Participating Mortgage Loans [Line Items]
Total Loans	$ 977,202	$ 960,567
Non- accrual	0	0
Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	469,129	450,336
Non- accrual	0	0
Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	101,018	108,759
Non- accrual	0	0
Real Estate, Commercial, Construction
Participating Mortgage Loans [Line Items]
Total Loans	24,757	24,797
Non- accrual	0	0
Faith-Based, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	367,376	355,582
Non- accrual	0	0
Faith-based, Construction
Participating Mortgage Loans [Line Items]
Total Loans	13,512	14,664
Non- accrual	0	0
Paycheck Protection Program (“PPP”)
Participating Mortgage Loans [Line Items]
Total Loans	1,373	6,299
Non- accrual	0	0
Other
Participating Mortgage Loans [Line Items]
Total Loans	37	130
Non- accrual	0	0
Current
Participating Mortgage Loans [Line Items]
Total Loans	977,202	960,567
Current | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	469,129	450,336
Current | Real Estate, Commercial, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	101,018	108,759
Current | Real Estate, Commercial, Construction
Participating Mortgage Loans [Line Items]
Total Loans	24,757	24,797
Current | Faith-Based, Mortgage
Participating Mortgage Loans [Line Items]
Total Loans	367,376	355,582
Current | Faith-based, Construction
Participating Mortgage Loans [Line Items]
Total Loans	13,512	14,664
Current | Paycheck Protection Program (“PPP”)
Participating Mortgage Loans [Line Items]
Total Loans	1,373	6,299
Current | Other
Participating Mortgage Loans [Line Items]
Total Loans	37	130
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
30-59 Days | Other
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	0	0
60-89 Days | 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
60-89 Days | Other
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | Commercial and industrial
Participating Mortgage Loans [Line Items]
Total Loans	0	0
90 Days and Over | 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
90 Days and Over | Other
Participating Mortgage Loans [Line Items]
Total Loans	$ 0	$ 0

Loans by Type - Schedule of t_2

Loans by Type - Schedule of the Credit Exposure of the Loan Portfolio (Details) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Participating Mortgage Loans [Line Items]
Total loans		$ 977,202	$ 960,567
Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	973,494	947,973
Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]	3,708	12,594
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		469,129	450,336
Commercial and industrial | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	466,946	440,607
Commercial and industrial | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]	2,183	9,729
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		101,018	108,759
Real Estate, Commercial, Mortgage | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	100,472	108,759
Real Estate, Commercial, Mortgage | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]	546	0
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		24,757	24,797
Real Estate, Commercial, Construction | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	24,757	24,797
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		367,376	355,582
Real Estate, Faith-Based, Mortgage | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	366,397	352,717
Real Estate, Faith-Based, Mortgage | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[2]	979	2,865
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		13,512	14,664
Real Estate, Faith-based, Construction | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	13,512	14,664
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		1,373	6,299
Paycheck Protection Program (“PPP”) | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans	[1]	1,373	6,299
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
Other
Participating Mortgage Loans [Line Items]
Total loans		37	130
Other | Loans Subject To Normal Monitoring
Participating Mortgage Loans [Line Items]
Total loans		37	130
Other | Performing Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans		0	0
Other | Nonperforming Loans Subject To Special Monitoring
Participating Mortgage Loans [Line Items]
Total loans		$ 0	$ 0
[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 ACL

Loans by Type - Summary of ACL by Category (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	$ 12,041
Provision for (release of) credit losses	230	$ (600)
Ending Balance	12,406		$ 12,041
Loans Excluding Unfunded Commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	12,041	11,944	11,944
Provision for (release of) credit losses	365		70
Recoveries	0		27
Ending Balance	12,406		12,041
Loans Excluding Unfunded Commitments | C&I
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	5,034	4,635	4,635
Provision for (release of) credit losses	245		387
Recoveries	0		12
Ending Balance	5,279		5,034
Loans Excluding Unfunded Commitments | CRE
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	1,031	1,175	1,175
Provision for (release of) credit losses	(55)		(144)
Recoveries	0		0
Ending Balance	976		1,031
Loans Excluding Unfunded Commitments | Faith-based CRE
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	5,684	5,717	5,717
Provision for (release of) credit losses	180		(48)
Recoveries	0		15
Ending Balance	5,864		5,684
Loans Excluding Unfunded Commitments | Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning Balance	292	$ 417	417
Provision for (release of) credit losses	(5)		(125)
Recoveries	0		0
Ending Balance	$ 287		$ 292

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Charge Offs	$ 135
Allowance for unfunded commitments	232	$ 367
Unused loan commitments	200,547
Financial Standby Letter of Credit
Loss Contingencies [Line Items]
Letters of credit	12,297
Stand by Letters Of Credit Member
Loss Contingencies [Line Items]
Letters of credit	$ 1,208

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,090	$ 693
Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,500,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	40,462
Award vesting period	3 years
Unrecognized compensation expense	$ 2,625
Unrecognized compensation expense, period for recognition	1 year 3 days
Nonvested awards hares outstanding (in shares)	184,179		165,553
Restricted Stock | Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	40,462
Performance-based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	57,542
Award vesting period	3 years
Percentage of target opportunity for awards to vest	52.90%
Shares issued in period (in shares)	17,810
Nonvested awards hares outstanding (in shares)	140,417		116,543
Performance-based Restricted Stock | Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	57,542
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
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested awards hares outstanding (in shares)	0
SARs | Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	0

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Shares
Beginning balance (in shares) | shares	165,553
Granted (in shares) | shares	40,462
Vested (in shares) | shares	(21,836)
Ending balance (in shares) | shares	184,179
Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 44.81
Granted (in dollars per share) | $ / shares	39.45
Vested (in dollars per share) | $ / shares	49.09
Ending balance (in dollars per share) | $ / shares	$ 43.13

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of PBRS Activity (Details) - Performance-based Restricted Stock	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Shares
Beginning balance (in shares) | shares	116,543
Granted (in shares) | shares	57,542
Vested (in shares) | shares	(33,668)
Ending balance (in shares) | shares	140,417
Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 46.79
Granted (in dollars per share) | $ / shares	39.58
Vested (in dollars per share) | $ / shares	49.09
Ending balance (in dollars per share) | $ / shares	$ 43.20

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	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Shares
Beginning balance (in shares)	117,089
Exercised (in shares)	(23,976)
Ending balance (in shares)	93,113	117,089
Weighted- Average Exercise Price
Beginning balance (in dollars per share)	$ 34.91
Exercised (in dollars per share)	27.78
Ending balance (in dollars per share)	$ 36.75	$ 34.91
Outstanding, average remaining contractual term (in years)	1 year 1 month 28 days	1 year 2 months 15 days
Aggregate intrinsic value	$ 313	$ 741

Defined Pension Plans - Narrati

Defined Pension Plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Pension period	30 years
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)	$ (618)	$ 273	$ (1,839)
Contributions	0
Supplemental Employee Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)	$ 107	$ 160	$ 641

Defined Pension Plans - Schedul

Defined Pension Plans - Schedule of Net Periodic Pension Costs (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the year				$ 1,002
Interest cost on projected benefit obligation				3,076
Expected return on plan assets				(6,310)
Net amortization				393
Net periodic pension (benefit) cost	$ (618)	$ 273		(1,839)
Pension Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the year			$ 0
Interest cost on projected benefit obligation			3,290
Expected return on plan assets			(5,860)
Net amortization			0
Net periodic pension (benefit) cost			(2,570)
Supplemental Employee Retirement Plan
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	$ 107	$ 160		$ 641
Supplemental Employee Retirement Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the year			0
Interest cost on projected benefit obligation			318
Net amortization			108
Net periodic pension (benefit) cost			$ 426

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	19.60%	17.70%

Investment in Securities - Sche

Investment in Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Amortized Cost	$ 802,926	$ 664,271
Gross Unrealized Gains	2,549	13,138
Gross Unrealized Losses	30,865	3,956
Fair Value	774,610	673,453
AFS, Less than 12 months, Estimated Fair Value	441,572	328,196
AFS, Less than 12 months, Unrealized Losses	29,039	3,956
AFS, 12 months or more, Estimated Fair Value	16,373	0
AFS, 12 months or more, Unrealized Losses	1,826	0
Debt Securities, Available-for-sale, Unrealized Loss Position	457,945	328,196
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	30,865	3,956
State and political subdivisions
Marketable Securities [Line Items]
Amortized Cost	347,450	359,187
Gross Unrealized Gains	2,417	12,931
Gross Unrealized Losses	10,543	990
Fair Value	339,324	371,128
AFS, Less than 12 months, Estimated Fair Value	127,246	60,083
AFS, Less than 12 months, Unrealized Losses	10,543	990
AFS, 12 months or more, Estimated Fair Value	0	0
AFS, 12 months or more, Unrealized Losses	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position	127,246	60,083
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	10,543	990
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Marketable Securities [Line Items]
Amortized Cost	205,522	170,711
Gross Unrealized Gains	0	135
Gross Unrealized Losses	13,763	2,200
Fair Value	191,759	168,646
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	175,387	163,652
AFS, Less than 12 months, Unrealized Losses	11,937	2,200
AFS, 12 months or more, Estimated Fair Value	16,373	0
AFS, 12 months or more, Unrealized Losses	1,826	0
Debt Securities, Available-for-sale, Unrealized Loss Position	191,760	163,652
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	13,763	2,200
Corporate bonds
Marketable Securities [Line Items]
Amortized Cost	96,516	84,538
Gross Unrealized Gains	0	72
Gross Unrealized Losses	5,321	272
Fair Value	91,195	84,338
AFS, Less than 12 months, Estimated Fair Value	86,195	55,120
AFS, Less than 12 months, Unrealized Losses	5,321	272
AFS, 12 months or more, Estimated Fair Value	0	0
AFS, 12 months or more, Unrealized Losses	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position	86,195	55,120
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	5,321	272
U.S. treasury bonds
Marketable Securities [Line Items]
Amortized Cost	99,455
Gross Unrealized Gains	132
Gross Unrealized Losses	0
Fair Value	99,587
Asset backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Marketable Securities [Line Items]
Amortized Cost	53,983	49,835
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,238	494
Fair Value	52,745	49,341
AFS, Less than 12 months, Estimated Fair Value	52,744	49,341
AFS, Less than 12 months, Unrealized Losses	1,238	494
AFS, 12 months or more, Estimated Fair Value	0	0
AFS, 12 months or more, Unrealized Losses	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position	52,744	49,341
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ 1,238	$ 494

Investment in Securities - Narr

Investment in Securities - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)position	Mar. 31, 2021USD ($)	Dec. 31, 2021position
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities, number of positions | position	180		101
Available-for-sale securities, percentage of total securities	49.00%		28.00%
Available-for-sale securities, number of positions, greater than one year | position	4		0
Proceeds from sales of securities available-for-sale | $	$ 0	$ 2,991
Available-for-sale securities, gross realized gains | $	$ 0	$ 48

Investment in Securities - Sc_2

Investment in Securities - Schedule of the Fair Values of Securities with Unrealized Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	$ 441,572	$ 328,196
AFS, Less than 12 months, Unrealized Losses	29,039	3,956
AFS, 12 months or more, Estimated Fair Value	16,373	0
AFS, 12 months or more, Unrealized Losses	1,826	0
AFS, Total Estimated Fair Value	457,945	328,196
AFS, Total Unrealized Losses	30,865	3,956
State and political subdivisions
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	127,246	60,083
AFS, Less than 12 months, Unrealized Losses	10,543	990
AFS, 12 months or more, Estimated Fair Value	0	0
AFS, 12 months or more, Unrealized Losses	0	0
AFS, Total Estimated Fair Value	127,246	60,083
AFS, Total Unrealized Losses	10,543	990
Mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	175,387	163,652
AFS, Less than 12 months, Unrealized Losses	11,937	2,200
AFS, 12 months or more, Estimated Fair Value	16,373	0
AFS, 12 months or more, Unrealized Losses	1,826	0
AFS, Total Estimated Fair Value	191,760	163,652
AFS, Total Unrealized Losses	13,763	2,200
Corporate bonds
Marketable Securities [Line Items]
AFS, Less than 12 months, Estimated Fair Value	86,195	55,120
AFS, Less than 12 months, Unrealized Losses	5,321	272
AFS, 12 months or more, Estimated Fair Value	0	0
AFS, 12 months or more, Unrealized Losses	0	0
AFS, Total Estimated Fair Value	86,195	55,120
AFS, Total Unrealized Losses	$ 5,321	$ 272

Investment in Securities - Sc_3

Investment in Securities - Schedule of Amortized Cost and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost
Due in 1 year or less	$ 20,878
Due after 1 year through 5 years	237,759
Due after 5 years through 10 years	229,359
Due after 10 years	314,930
Amortized Cost	802,926	$ 664,271
Fair Value
Due in 1 year or less	21,011
Due after 1 year through 5 years	238,756
Due after 5 years through 10 years	222,124
Due after 10 years	292,719
Total	$ 774,610	$ 673,453

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Balance sheet assets:
Investment securities	$ 774,610	$ 673,453
Carrying Amount
Balance sheet assets:
Cash and cash equivalents	191,449	514,928
Investment securities	774,610	673,453
Loans, net	964,796	948,526
Accrued interest receivable	7,302	6,799
Total	1,938,157	2,143,706
Balance sheet liabilities:
Deposits	1,176,935	1,221,503
Accounts and drafts payable	989,733	1,050,396
Accrued interest payable	22	16
Total	2,166,690	2,271,915
Fair Value
Balance sheet assets:
Cash and cash equivalents	191,449	514,928
Investment securities	774,610	673,453
Loans, net	961,547	948,701
Accrued interest receivable	7,302	6,799
Total	1,934,908	2,143,881
Balance sheet liabilities:
Deposits	1,176,935	1,221,503
Accounts and drafts payable	989,733	1,050,396
Accrued interest payable	22	16
Total	$ 2,166,690	$ 2,271,915

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	$ 29,997	$ 25,709
Other income (out-of-scope of FASB ASC 606)	433	466
Total fee revenue and other income	30,430	26,175
Processing fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	19,036	18,375
Financial fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	10,532	6,997
Information services payment and processing revenue
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	29,568	25,372
Bank service fees
Revenue, Performance Obligation [Abstract]
Fee revenues, in-scope of FASB ASC 606	$ 429	$ 337

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)lease
Leases [Abstract]
Operating lease, liability	$ 4,516
Operating lease, right-of-use asset	$ 4,080
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Operating lease, cost	$ 400
Short-term lease, cost	51
Variable lease, cost	$ 0
Operating lease, weighted average remaining lease term	6 years
Operating lease, weighted average discount rate, percent	5.35%
Lease not yet commenced, number of leases | lease	1
Lease not yet commenced, liability	$ 6,800
Lease not yet commenced, term	10 years

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Maturity (Details) $ in Thousands	Mar. 31, 2022USD ($)
Lease payments due
Less than 1 year	$ 1,596
1-2 years	664
2-3 years	547
3-4 years	557
4-5 years	537
Over 5 years	1,365
Total undiscounted cash flows	5,266
Discount on cash flows	750
Total lease liability	$ 4,516