Unity Bancorp (UNTY) 10-Q 4 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Oct. 31, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Entity File Number	1-12431
Entity Registrant Name	UNITY BANCORP INC /NJ/
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-3282551
Entity Address, Address Line One	64 Old Highway 22
Entity Address, City or Town	Clinton
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08809
City Area Code	908
Local Phone Number	730-7630
Title of 12(b) Security	Common stock
Trading Symbol	UNTY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,374,214
Entity Central Index Key	0000920427
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 21,823	$ 22,750
Interest-bearing deposits	194,549	196,561
Cash and cash equivalents	216,372	219,311
Securities:
Debt securities available for sale (amortized cost of $39,558 in 2021 and $45,921 in 2020)	39,763	45,617
Securities held to maturity (fair value of $5,164 in 2021)	5,151	0
Equity securities with readily determinable fair values (amortized cost of $4,563 in 2021 and $2,112 in 2020)	4,893	1,954
Total securities	49,807	47,571
Loans:
SBA loans held for sale	20,130	9,335
Loans	1,644,761	1,618,482
Total loans	1,664,891	1,627,817
Allowance for loan losses	(22,537)	(23,105)
Net loans	1,642,354	1,604,712
Premises and equipment, net	20,106	20,226
Bank owned life insurance ("BOLI")	26,587	26,514
Deferred tax assets	10,987	9,183
Federal Home Loan Bank ("FHLB") stock	4,403	10,594
Accrued interest receivable	9,684	10,429
Goodwill	1,516	1,516
Prepaid expenses and other assets	9,299	8,858
Total assets	1,991,115	1,958,914
Deposits:
Noninterest-bearing demand	520,572	459,677
Interest-bearing demand	244,015	204,236
Savings	622,087	455,449
Time, under $100,000	217,302	264,671
Time, $100,000 to $250,000	65,570	95,595
Time, $250,000 and over	36,639	78,331
Total deposits	1,706,185	1,557,959
Borrowed funds	60,000	200,000
Subordinated debentures	10,310	10,310
Accrued interest payable	158	248
Accrued expenses and other liabilities	18,195	16,486
Total liabilities	1,794,848	1,785,003
Shareholders' equity:
Common stock	93,409	91,873
Retained earnings	114,337	90,669
Treasury stock	(11,547)	(7,442)
Accumulated other comprehensive income (loss)	68	(1,189)
Total shareholders' equity	196,267	173,911
Total liabilities and shareholders' equity	1,991,115	1,958,914
SBA loans held for investment
Loans:
Loans	37,986	39,587
Allowance for loan losses	(778)	(1,301)
SBA PPP loans
Loans:
Loans	81,907	118,257
Commercial loans
Loans:
Loans	924,037	839,788
Allowance for loan losses	(15,836)	(14,992)
Residential mortgage loans
Loans:
Loans	420,835	467,586
Allowance for loan losses	(4,106)	(5,318)
Consumer loans
Loans:
Loans	71,071	66,100
Allowance for loan losses	(749)	(681)
Residential construction loans
Loans:
Loans	108,925	87,164
Allowance for loan losses	$ (1,068)	$ (813)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position
Securities available for sale, amortized cost	$ 39,558	$ 45,921
Held to maturity securities, fair value	5,164
Equity securities, amortized cost	$ 4,563	$ 2,112
Common stock, shares issued (in shares)	11,063	10,961
Common stock, shares outstanding (in shares)	10,363	10,456
Treasury shares	700	505

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
INTEREST INCOME
Interest-bearing deposits	$ 48	$ 24	$ 105	$ 236
FHLB stock	41	79	157	268
Securities:
Taxable	292	383	837	1,331
Tax-exempt	8	11	26	50
Total securities	300	394	863	1,381
Loans:
SBA loans	864	631	2,423	2,323
SBA PPP loans	1,751	1,036	5,228	1,760
Commercial loans	11,280	10,099	32,490	29,848
Residential mortgage loans	4,606	5,490	14,640	16,814
Consumer loans	736	843	2,274	2,678
Residential construction loans	1,628	1,168	4,330	3,321
Total loans	20,865	19,267	61,385	56,744
Total interest income	21,254	19,764	62,510	58,629
INTEREST EXPENSE
Interest-bearing demand deposits	247	318	863	1,025
Savings deposits	390	502	1,241	2,000
Time deposits	659	2,157	3,293	7,056
Borrowed funds and subordinated debentures	235	460	922	1,449
Total interest expense	1,531	3,437	6,319	11,530
Net interest income	19,723	16,327	56,191	47,099
Provision for loan losses		2,000	500	6,000
Net interest income after provision for loan losses	19,723	14,327	55,691	41,099
NONINTEREST INCOME
Gain on sale of SBA loans held for sale, net		534	741	1,099
Gain on sale of mortgage loans, net	968	1,713	3,785	4,317
BOLI income	138	147	399	474
Net security gains (losses)	202	(96)	535	(187)
Other income	403	382	1,175	1,043
Total noninterest income	2,809	3,336	9,430	8,692
NONINTEREST EXPENSE
Compensation and benefits	5,720	5,761	18,116	16,752
Processing and communications	747	722	2,303	2,199
Occupancy	654	639	1,991	1,892
Furniture and equipment	627	637	1,935	1,933
Professional services	315	274	1,035	805
Advertising	261	191	932	688
Other loan expenses	452	216	759	473
BSA expenses	214	626	664	1,176
Deposit insurance	198	197	637	444
Director fees	189	191	600	572
Loan collection & OREO expenses	62	33	67	220
Other expenses	421	550	1,084	1,386
Total noninterest expense	9,860	10,037	30,123	28,540
Income before provision for income taxes	12,672	7,626	34,998	21,251
Provision for income taxes	3,213	1,866	8,625	4,952
Net income	$ 9,459	$ 5,760	$ 26,373	$ 16,299
Net income per common share - Basic	$ 0.91	$ 0.54	$ 2.53	$ 1.51
Net income per common share - Diluted	$ 0.90	$ 0.54	$ 2.50	$ 1.50
Weighted average common shares outstanding - Basic	10,372	10,630	10,412	10,768
Weighted average common shares outstanding - Diluted	10,507	10,706	10,546	10,875
Branch fee income
NONINTEREST INCOME
Noninterest income	$ 294	$ 237	$ 858	$ 761
Service and loan fee income
NONINTEREST INCOME
Noninterest income	$ 804	$ 419	$ 1,937	$ 1,185

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income
Net income, before tax amount	$ 12,672	$ 7,626	$ 34,998	$ 21,251
Income tax expense (benefit)	3,213	1,866	8,625	4,952
Net income	9,459	5,760	26,373	16,299
Debt securities available for sale
Unrealized holding gains (losses) on securities arising during the period, before tax	481	(1,060)	1,042	(728)
Unrealized holding gains (losses) on securities arising during the period, tax	122	(298)	257	(197)
Unrealized holding gains (losses) on securities arising during the period, net	359	(762)	785	(531)
Less: reclassification adjustment for gains (losses) on securities included in net income, before tax	198	(96)	533	(186)
Less: reclassification adjustment for gains (losses) on securities included in net income, tax	42	(20)	113	(38)
Less: reclassification adjustment for gains (losses) on securities included in net income, net of tax	156	(76)	420	(148)
Total unrealized gains (losses) on securities available for sale, before tax	283	(964)	509	(542)
Total unrealized gains (losses) on securities available for sale, tax	80	(278)	144	(159)
Total unrealized gains (losses) on securities available for sale, net of tax	203	(686)	365	(383)
Adjustments related to defined benefit plan:
Adjustments related to defined benefit plan, Amortization of prior service cost, before tax		20	332	62
Adjustments related to defined benefit plan, Amortization of prior service cost, tax		6	94	18
Adjustments related to defined benefit plan, Amortization of prior service cost, net of tax		14	238	44
Total adjustments related to defined benefit plan, before tax		20	332	62
Total adjustments related to defined benefit plan, tax		6	94	18
Total adjustments related to defined benefit plan, net of tax		14	238	44
Net unrealized gains (losses) from cash flow hedges:
Unrealized holding gains (losses) on cash flow hedges arising during the period, before tax	86	220	911	(1,530)
Unrealized holding gains (losses) on cash flow hedges arising during the period, tax	24	63	257	(442)
Unrealized holding gains (losses) on cash flow hedges arising during the period, net of tax	62	157	654	(1,088)
Total unrealized gains (losses) on cash flow hedges, before tax	86	220	911	(1,530)
Total unrealized gains (losses) on cash flow hedges, tax	24	63	257	(442)
Total unrealized gains (losses) on cash flow hedges, net of tax	62	157	654	(1,088)
Total other comprehensive income (loss), before tax	369	(724)	1,752	(2,010)
Total other comprehensive income (loss), tax	104	(209)	495	(583)
Total other comprehensive income (loss), net of tax	265	(515)	1,257	(1,427)
Total comprehensive income, before tax	13,041	6,902	36,750	19,241
Total comprehensive income, tax	3,317	1,657	9,120	4,369
Total comprehensive income, net of tax	$ 9,724	$ 5,245	$ 27,630	$ 14,872

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands		Common stock	Retained earnings	Accumulated other comprehensive (loss) income	Treasury stock	Total
Beginning Balance (in shares) at Dec. 31, 2019		10,881
Beginning balance at Dec. 31, 2019		$ 90,113	$ 70,442	$ 154		$ 160,709
Increase (Decrease) in Stockholders' Equity
Net income			5,368			5,368
Other comprehensive income (loss), net of tax				(986)		(986)
Dividends on common stock		$ 30	(871)			(841)
Common stock issued & related tax effects (1) (in shares)	[1]	13
Common stock issued & related tax effects (1)	[1]	$ 227				227
Acquisition of treasury stock, at cost					$ (172)	(172)
Acquisition of treasury stock, at cost (in shares)		(11)
Ending Balance (in shares) at Mar. 31, 2020		10,883
Ending balance at Mar. 31, 2020		$ 90,370	74,939	(832)	(172)	164,305
Beginning Balance (in shares) at Dec. 31, 2019		10,881
Beginning balance at Dec. 31, 2019		$ 90,113	70,442	154		160,709
Increase (Decrease) in Stockholders' Equity
Net income						16,299
Other comprehensive income (loss), net of tax				(1,427)		(1,427)
Ending Balance (in shares) at Sep. 30, 2020		10,570
Ending balance at Sep. 30, 2020		$ 91,474	84,168	(1,273)	(5,135)	169,234
Beginning Balance (in shares) at Mar. 31, 2020		10,883
Beginning balance at Mar. 31, 2020		$ 90,370	74,939	(832)	(172)	164,305
Increase (Decrease) in Stockholders' Equity
Net income			5,171			5,171
Other comprehensive income (loss), net of tax				74		74
Dividends on common stock		$ 29	(857)			(828)
Common stock issued & related tax effects (1) (in shares)	[1]	45
Common stock issued & related tax effects (1)	[1]	$ 704				704
Acquisition of treasury stock, at cost					(2,819)	(2,819)
Acquisition of treasury stock, at cost (in shares)		(200)
Ending Balance (in shares) at Jun. 30, 2020		10,728
Ending balance at Jun. 30, 2020		$ 91,103	79,253	(758)	(2,991)	166,607
Increase (Decrease) in Stockholders' Equity
Net income			5,760			5,760
Other comprehensive income (loss), net of tax				(515)		(515)
Dividends on common stock		$ 29	(845)			(816)
Common stock issued & related tax effects (1) (in shares)	[1]	4
Common stock issued & related tax effects (1)	[1]	$ 342				342
Acquisition of treasury stock, at cost					(2,144)	(2,144)
Acquisition of treasury stock, at cost (in shares)		(162)
Ending Balance (in shares) at Sep. 30, 2020		10,570
Ending balance at Sep. 30, 2020		$ 91,474	84,168	(1,273)	(5,135)	$ 169,234
Beginning Balance (in shares) at Dec. 31, 2020		10,456				10,456
Beginning balance at Dec. 31, 2020		$ 91,873	90,669	(1,189)	(7,442)	$ 173,911
Increase (Decrease) in Stockholders' Equity
Net income			8,496			8,496
Other comprehensive income (loss), net of tax				655		655
Dividends on common stock		$ 30	(834)			(804)
Common stock issued & related tax effects (1) (in shares)	[1]	36
Common stock issued & related tax effects (1)	[1]	$ 277				277
Acquisition of treasury stock, at cost					(1,349)	(1,349)
Acquisition of treasury stock, at cost (in shares)		(70)
Ending Balance (in shares) at Mar. 31, 2021		10,422
Ending balance at Mar. 31, 2021		$ 92,180	98,331	(534)	(8,791)	$ 181,186
Beginning Balance (in shares) at Dec. 31, 2020		10,456				10,456
Beginning balance at Dec. 31, 2020		$ 91,873	90,669	(1,189)	(7,442)	$ 173,911
Increase (Decrease) in Stockholders' Equity
Net income						26,373
Other comprehensive income (loss), net of tax				1,257		$ 1,257
Ending Balance (in shares) at Sep. 30, 2021		10,363				10,363
Ending balance at Sep. 30, 2021		$ 93,409	114,337	68	(11,547)	$ 196,267
Beginning Balance (in shares) at Mar. 31, 2021		10,422
Beginning balance at Mar. 31, 2021		$ 92,180	98,331	(534)	(8,791)	181,186
Increase (Decrease) in Stockholders' Equity
Net income			8,418			8,418
Other comprehensive income (loss), net of tax				337		337
Dividends on common stock		$ 33	(938)			(905)
Common stock issued & related tax effects (1) (in shares)	[1]	34
Common stock issued & related tax effects (1)	[1]	$ 597				597
Acquisition of treasury stock, at cost					(877)	(877)
Acquisition of treasury stock, at cost (in shares)		(40)
Ending Balance (in shares) at Jun. 30, 2021		10,416
Ending balance at Jun. 30, 2021		$ 92,810	105,811	(197)	(9,668)	188,756
Increase (Decrease) in Stockholders' Equity
Net income			9,459			9,459
Other comprehensive income (loss), net of tax				265		265
Dividends on common stock		$ 34	(933)			(899)
Common stock issued & related tax effects (1) (in shares)	[1]	32
Common stock issued & related tax effects (1)	[1]	$ 565				565
Acquisition of treasury stock, at cost					(1,879)	$ (1,879)
Acquisition of treasury stock, at cost (in shares)		(85)
Ending Balance (in shares) at Sep. 30, 2021		10,363				10,363
Ending balance at Sep. 30, 2021		$ 93,409	$ 114,337	$ 68	$ (11,547)	$ 196,267
[1]	Includes the issuance of common stock under employee benefit plans, which includes nonqualified stock options and restricted stock expense related entries, employee option exercises and the tax benefit of options exercised.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020
Statement of Stockholders' Equity
Common stock, dividends, per share, cash paid (in dollars per share)	$ 0.09	$ 0.09	$ 0.08	$ 0.08	$ 0.08	$ 0.08

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
OPERATING ACTIVITIES:
Net income	$ 26,373,000	$ 16,299,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	500,000	6,000,000
Net amortization of purchase premiums and discounts on securities	180,000	183,000
Depreciation and amortization	1,125,000	1,295,000
PPP deferred fees and costs	368,000	3,888,000
Deferred income tax benefit	(2,300,000)	(2,292,000)
Net security gains	(47,000)	(322,000)
Stock compensation expense	1,189,000	1,059,000
Valuation writedowns on OREO	0	200,000
Gain on sale of mortgage loans, net	(4,953,000)	(3,590,000)
Gain on sale of SBA loans held for sale, net	(741,000)	(1,099,000)
Origination of mortgage loans sold	(245,933,000)	(191,667,000)
Origination of SBA loans held for sale	(15,221,000)	(4,154,000)
Proceeds from sale of mortgage loans, net	250,886,000	195,257,000
Proceeds from sale of SBA loans held for sale, net	6,466,000	13,517,000
BOLI income	(399,000)	(474,000)
Gain on sale of premises and equipment	4,000	0
Net change in other assets and liabilities	2,677,000	(1,287,000)
Net cash provided by operating activities	20,174,000	32,813,000
INVESTING ACTIVITIES
Purchases of securities held to maturity	(10,248,000)	0
Purchase of equity securities	(2,500,000)	0
Purchases of securities available for sale	(12,251,000)	(2,717,000)
Purchases of FHLB stock, at cost	(38,314,000)	(58,780,000)
Maturities and principal payments on securities held to maturity	5,094,000	0
Maturities and principal payments on debt securities available for sale	11,434,000	11,239,000
Proceeds from sales of debt securities available for sale	7,048,000	6,635,000
Proceeds from sales of equity securities	53,000	111,000
Proceeds from redemption of FHLB stock	44,505,000	60,570,000
Proceeds from sale of OREO	0	812,000
Net decrease (increase) in SBA PPP loans	35,998,000	(142,845,000)
Net increase in loans	(64,936,000)	(57,259,000)
Proceeds from BOLI	326,000	315,000
Proceeds from sale of premises and equipment	20,000	0
Purchases of premises and equipment	(1,105,000)	(435,000)
Net cash used in investing activities	(24,876,000)	(182,354,000)
FINANCING ACTIVITIES
Net increase in deposits	148,226,000	243,326,000
Proceeds from new borrowings	20,000,000	200,000,000
Repayments of borrowings	(160,000,000)	(243,000,000)
Proceeds from exercise of stock options	444,988	395,518
Fair market value of shares withheld to cover employee tax liability	(195,000)	(182,000)
Dividends on common stock	(2,608,000)	(2,485,000)
Purchase of treasury stock	(4,105,000)	(5,135,000)
Net cash provided by financing activities	1,763,000	192,920,000
(Decrease) increase in cash and cash equivalents	(2,939,000)	43,379,000
Cash and cash equivalents, beginning of period	219,311,000	158,016,000
Cash and cash equivalents, end of period	216,372,000	201,395,000
SUPPLEMENTAL DISCLOSURES
Interest paid	6,409,000	11,702,000
Income taxes paid	10,290,000	6,762,000
Noncash investing activities:
Establishment of lease liability and right-of-use asset	1,803,000	28,000
Transfer of SBA loans held for sale to held to maturity	0	1,193,000
Capitalization of servicing rights	$ 125,000	$ 575,000

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Significant Accounting Policies
Significant Accounting Policies	NOTE 1. Significant Accounting Policies The accompanying Consolidated Financial Statements include the accounts of Unity Bancorp, Inc. (the "Parent Company") and its wholly-owned subsidiary, Unity Bank (the "Bank" or when consolidated with the Parent Company, the "Company"), and reflect all adjustments and disclosures which are generally routine and recurring in nature, and in the opinion of management, necessary for a fair presentation of interim results. The Bank has multiple subsidiaries used to hold part of its investment and loan portfolios. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior period amounts to conform to the current year presentation, with no impact on current earnings or shareholders’ equity. The financial information has been prepared in accordance with U.S. generally accepted accounting principles and has not been audited. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting periods. Actual results could differ from those estimates. Amounts requiring the use of significant estimates include the allowance for loan losses, valuation of deferred tax and servicing assets, the carrying value of loans held for sale and other real estate owned, the valuation of securities and the determination of other-than-temporary impairment for securities and fair value disclosures. Management believes that the allowance for loan losses is adequate. While management uses available information to recognize losses on loans, future additions to the allowance for loan losses may be necessary based on changes in economic conditions. The markets served by the Company were significantly impacted by the COVID-19 pandemic, which started during the first quarter of 2020. The Company continues to assess the financial impact of the COVID-19 pandemic. The interim unaudited Consolidated Financial Statements included herein have been prepared in accordance with instructions for Form 10-Q and the rules and regulations of the Securities and Exchange Commission (“SEC”) and consist of normal recurring adjustments necessary for the fair presentation of interim results. The results of operations for the nine months ended September 30, 2021 are not necessarily indicative of the results which may be expected for the entire year. As used in this Form 10-Q, “we” and “us” and “our” refer to Unity Bancorp, Inc., and its consolidated subsidiary, Unity Bank, depending on the context. Certain information and financial disclosures required by U.S. generally accepted accounting principles have been condensed or omitted from interim reporting pursuant to SEC rules. Interim financial statements should be read in conjunction with the Company’s Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Risks and Uncertainties On March 11, 2020, the World Health Organization declared the outbreak of COVID-19 a global pandemic. The COVID-19 pandemic has adversely affected local, national and global economic activity. Actions taken to help mitigate the spread of COVID-19 included restrictions on travel, localized quarantines, and government-mandated closures of certain businesses. The spread of the outbreak caused significant disruptions to the U.S. economy and disrupted banking and other financial activity in the areas in which the Company operates. On March 3, 2020, the Federal Open Market Committee reduced the targeted federal funds interest rate range by 50 basis points to 1.00 percent to 1.25 percent. This range was further reduced to 0 percent to 0.25 percent on March 16, 2020. On March 27, 2020, the Coronavirus Aid Relief, and Economic Security Act (“CARES Act”) was enacted to, among other things, provide emergency assistance for individuals, families and businesses affected by the COVID-19 pandemic. These reductions in interest rates and other effects of the COVID-19 pandemic may materially and adversely affect the Company’s financial condition and results of operations in future periods. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial effect will be to the Company. It is possible that estimates made in the financial statements could be materially and adversely impacted as a result of these conditions. On July 27, 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will no longer persuade or compel banks to submit rates for the calculation of LIBOR to the LIBOR administration after 2021. The announcement also indicates that the continuation of LIBOR on the current basis cannot and will not be guaranteed after 2021. Consequently, at this time, it is not possible to predict whether and to what extent banks will continue to provide LIBOR submissions to the LIBOR administrator or whether any additional reforms to LIBOR may be enacted in the United Kingdom or elsewhere. Similarly, it is not possible to predict whether LIBOR will continue to be viewed as an acceptable benchmark for certain loans and liabilities including our subordinated debentures, what rate or rates may become accepted alternatives to LIBOR or the effect of any changes in views or alternatives on the values of the loans and liabilities, whose interest rates are tied to LIBOR. Uncertainty as to the nature of such potential changes, alternative reference rates, the elimination or replacement of LIBOR, or other reforms may adversely affect the value of, and the return on our loans, and our investment securities. Other-Than-Temporary Impairment The Company has a process in place to identify securities that could potentially incur credit impairment that is other-than-temporary. This process involves monitoring late payments, pricing levels, downgrades by rating agencies, key financial ratios, financial statements, revenue forecasts and cash flow projections as indicators of credit issues. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concern warrants such evaluation. This evaluation considers relevant facts and circumstances in evaluating whether a credit or interest rate-related impairment of a security is other-than-temporary. Relevant facts and circumstances considered include: (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; (3) the financial position and access to capital of the issuer, including the current and future impact of any specific events and (4) for fixed maturity securities, the intent to sell a security or whether it is more likely than not the Company will be required to sell the security before the recovery of its amortized cost which, in some cases, may extend to maturity and for equity securities, our ability and intent to hold the security for a forecasted period of time that allows for the recovery in value. Management assesses its intent to sell or whether it is more likely than not that it will be required to sell a security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered other-than-temporarily impaired with no intent to sell and no requirement to sell prior to recovery of its amortized cost basis, the amount of the impairment is separated into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the security’s fair value and the present value of future expected cash flows is due to factors that are not credit related and is recognized in other comprehensive income. For debt securities where management has the intent to sell, the amount of the impairment is reflected in earnings as realized losses. The present value of expected future cash flows is determined using the best estimate cash flows discounted at the effective interest rate implicit to the security at the date of purchase or the current yield to accrete an asset-backed or floating rate security. The methodology and assumptions for establishing the best estimate cash flows vary depending on the type of security. The asset-backed securities cash flow estimates are based on bond specific facts and circumstances that may include collateral characteristics, expectations of delinquency and default rates, loss severity and prepayment speeds and structural support, including subordination and guarantees. The corporate bond cash flow estimates are derived from scenario-based outcomes of expected corporate restructurings or the disposition of assets using bond specific facts and circumstances including timing, security interests and loss severity. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Loans Loans Held for Sale Loans held for sale represent the guaranteed portion of Small Business Administration (“SBA”) loans, other than loans originated under the Paycheck Protection Program, and are reflected at the lower of aggregate cost or market value. The Company originates loans to customers under an SBA program that historically has provided for SBA guarantees of up to 90 percent of each loan. The Company generally sells the guaranteed portion of its SBA loans to a third party and retains the servicing, holding the nonguaranteed portion in its portfolio. The net amount of loan origination fees on loans sold is included in the carrying value and in the gain or loss on the sale. When sales of SBA loans do occur, the premium received on the sale and the present value of future cash flows of the servicing assets are recognized in income. All criteria for sale accounting must be met in order for the loan sales to occur; see details under the “Transfers of Financial Assets” heading above. Servicing assets represent the estimated fair value of retained servicing rights, net of servicing costs, at the time loans are sold. Servicing assets are amortized in proportion to, and over the period of, estimated net servicing revenues. Impairment is evaluated based on stratifying the underlying financial assets by date of origination and term. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Any impairment, if temporary, would be reported as a valuation allowance. Serviced loans sold to others are not included in the accompanying Consolidated Balance Sheets. Income and fees collected for loan servicing are credited to noninterest income when earned, net of amortization on the related servicing assets. Loans Held for Investment Loans held for investment are stated at the unpaid principal balance, net of unearned discounts and deferred loan origination fees and costs. In accordance with the level yield method, loan origination fees, net of direct loan origination costs, are deferred and recognized over the estimated life of the related loans as an adjustment to the loan yield. Interest is credited to operations primarily based upon the principal balance outstanding. Loans are reported as past due when either interest or principal is unpaid in the following circumstances: fixed payment loans when the borrower is in arrears for two or more monthly payments; open end credit for two or more billing cycles; and single payment notes if interest or principal remains unpaid for 30 days or more. Nonperforming loans consist of loans that are not accruing interest as a result of principal or interest being in default for a period of 90 days or more or when the ability to collect principal and interest according to the contractual terms is in doubt (nonaccrual loans). When a loan is classified as nonaccrual, interest accruals are discontinued and all past due interest previously recognized as income is reversed and charged against current period earnings. Generally, until the loan becomes current, any payments received from the borrower are applied to outstanding principal until such time as management determines that the financial condition of the borrower and other factors merit recognition of a portion of such payments as interest income. Loans may be returned to an accrual status when the ability to collect is reasonably assured and when the loan is brought current as to principal and interest. Loans are charged off when collection is sufficiently questionable and when the Company can no longer justify maintaining the loan as an asset on the balance sheet. Loans qualify for charge-off when, after thorough analysis, all possible sources of repayment are insufficient. These include: 1) potential future cash flows, 2) value of collateral, and/or 3) strength of co-makers and guarantors. All unsecured loans are charged off upon the establishment of the loan’s nonaccrual status. Additionally, all loans classified as a loss or that portion of the loan classified as a loss is charged off. All loan charge-offs are approved by the Board of Directors. Troubled debt restructurings ("TDRs") occur when a creditor, for economic or legal reasons related to a debtor’s financial condition, grants a concession to the debtor that it would not otherwise consider. These concessions typically include reductions in interest rate, extending the maturity of a loan, or a combination of both. Interest income on accruing TDRs is credited to operations primarily based upon the principal amount outstanding, as stated in the paragraphs above. The Company evaluates its loans for impairment. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Company has defined impaired loans to be all TDRs and nonperforming loans individually evaluated for impairment. Impairment is evaluated in total for smaller-balance loans of a similar nature (consumer and residential mortgage loans), and on an individual basis for all other loans. Impairment of a loan is measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, or as a practical expedient, based on a loan’s observable market price or the fair value of collateral, net of estimated costs to sell, if the loan is collateral-dependent. If the value of the impaired loan is less than the recorded investment in the loan, the Company establishes a valuation allowance, or adjusts existing valuation allowances, with a corresponding charge to the provision for loan losses. For additional information on loans, see Note 8 to the Consolidated Financial Statements and the section titled "Loan Portfolio" under Item 2. Management’s Discussion and Analysis. Allowance for Loan Losses and Reserve for Unfunded Loan Commitments The allowance for loan losses is maintained at a level management considers adequate to provide for probable loan losses as of the balance sheet date. The allowance is increased by provisions charged to expense and is reduced by net charge-offs. The level of the allowance is based on management’s evaluation of probable losses in the loan portfolio, after consideration of prevailing economic conditions in the Company’s market area, the volume and composition of the loan portfolio, and historical loan loss experience. The allowance for loan losses consists of specific reserves for individually impaired credits and TDRs, reserves for nonimpaired loans based on historical loss factors and reserves based on general economic factors and other qualitative risk factors such as changes in delinquency trends, industry concentrations or local/national economic trends. This risk assessment process is performed at least quarterly, and, as adjustments become necessary, they are realized in the periods in which they become known. Although management attempts to maintain the allowance at a level deemed adequate to provide for probable losses, future additions to the allowance may be necessary based upon certain factors including changes in market conditions and underlying collateral values. In addition, various regulatory agencies periodically review the adequacy of the Company’s allowance for loan losses. These agencies may require the Company to make additional provisions based on their judgments about information available to them at the time of their examination. The Company maintains an allowance for unfunded loan commitments that is maintained at a level that management believes is adequate to absorb estimated probable losses. Adjustments to the allowance are made through other expenses and applied to the allowance which is maintained in other liabilities. For additional information on the allowance for loan losses and unfunded loan commitments, see Note 9 to the Consolidated Financial Statements and the sections titled "Asset Quality" and "Allowance for Loan Losses and Reserve for Unfunded Loan Commitments" under Item 2. Management’s Discussion and Analysis. Income Taxes The Company accounts for income taxes according to the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates applicable to taxable income for the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation reserves are established against certain deferred tax assets when it is more likely than not that the deferred tax assets will not be realized. Increases or decreases in the valuation reserve are charged or credited to the income tax provision. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that ultimately would be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. The evaluation of a tax position taken is considered by itself and not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits would be recognized in income tax expense on the income statement.

Litigation

Litigation	9 Months Ended
	Sep. 30, 2021
Leases and Commitments
Litigation	NOTE 2. Litigation The Company may, in the ordinary course of business, become a party to litigation involving collection matters, contract claims and other legal proceedings relating to the conduct of its business. In the best judgment of management, based upon consultation with counsel, the consolidated financial position and results of operations of the Company will not be affected materially by the final outcome of any pending legal proceedings or other contingent liabilities and commitments.

Net Income per Share

Net Income per Share	9 Months Ended
	Sep. 30, 2021
Net Income per Share
Net Income per Share	NOTE 3. Net Income per Share Basic net income per common share is calculated as net income divided by the weighted average common shares outstanding during the reporting period. Diluted net income per common share is computed similarly to that of basic net income per common share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all potentially dilutive common shares, principally stock options, were issued during the reporting period utilizing the Treasury stock method. The following is a reconciliation of the calculation of basic and diluted income per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ ​ For the nine months ended September 30, 2021 (In thousands, except per share amounts) 2021 2020 ​ 2021 2020 Net income ​ $ 9,459 ​ $ 5,760 ​ ​ $ 26,373 ​ $ 16,299 Weighted average common shares outstanding - Basic ​ 10,372 ​ 10,630 ​ ​ 10,412 ​ 10,768 Plus: Potential dilutive common stock equivalents ​ 135 ​ 76 ​ ​ 134 ​ 107 Weighted average common shares outstanding - Diluted ​ 10,507 ​ 10,706 ​ ​ 10,546 ​ 10,875 Net income per common share - Basic ​ $ 0.91 ​ $ 0.54 ​ ​ $ 2.53 ​ $ 1.51 Net income per common share - Diluted ​ 0.90 ​ 0.54 ​ ​ 2.50 ​ 1.50 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive ​ 270 ​ 430 ​ ​ 234 ​ 413 ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Taxes
Income Taxes	NOTE 4. Income Taxes The Company follows FASB ASC Topic 740, “Income Taxes,” On July 1, 2018, New Jersey’s Assembly Bill 4202 was signed into law. The bill, effective January 1, 2018, imposed a temporary surtax on corporations earning New Jersey allocated taxable income in excess of $1 million at a rate of 2.5 percent for tax years beginning on or after January 1, 2018, through December 31, 2019, and at 1.5 percent for tax years beginning on or after January 1, 2020, through December 31, 2021. In addition, New Jersey adopted mandatory unitary combined reporting for its Corporation Business Tax, which became effective for periods on or after January 1, 2019. On September 29, 2020, New Jersey’s Assembly Bill 4721 was signed into law. The bill, retroactively effective January 1, 2020, extends the 2.5% corporate income surtax until December 31, 2023. If the federal corporate tax rate is increased to a rate of at least 35% of taxable income, the surtax will be suspended. For the quarter ended September 30, 2021, the Company reported income tax expense of $3.2 million for an effective tax rate of 25.4 percent, compared to an income tax expense of $1.9 million and an effective tax rate of 24.5 percent for the prior year’s quarter. For the nine months ended September 30, 2021, the Company reported income tax expense of $8.6 million for an effective tax rate of 24.6 percent, compared to an income tax expense of $5.0 million and an effective tax rate of 23.3 percent for the nine months ended September 30, 2020. The Company did not recognize or accrue any interest or penalties related to income taxes during the three or the nine months ended September 30, 2021 or 2020. The Company did not have an accrual for uncertain tax positions as of September 30, 2021 or December 31,2020, as deductions taken and benefits accrued are based on widely understood administrative practices and procedures and are based on clear and unambiguous tax law. Tax returns for all years 2016 and thereafter are subject to future examination by tax authorities. ​

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2021
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)	NOTE 5. Other Comprehensive Income (Loss) The following tables show the changes in other comprehensive income (loss) for the three and nine months ended September 30, 2021 and 2020, net of tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2021 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to (losses) gains other ​ (losses) gains on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges (loss) income Balance, beginning of period ​ $ (52) ​ $ — ​ $ (145) ​ $ (197) Other comprehensive income before reclassifications ​ 359 ​ ​ — ​ ​ 62 ​ 421 Less amounts reclassified from accumulated other comprehensive income ​ 156 ​ ​ — ​ ​ — ​ 156 Period change ​ 203 ​ — ​ 62 ​ 265 Balance, end of period ​ $ 151 ​ $ — ​ $ (83) ​ $ 68 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2020 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to (losses) gains other ​ gains (losses) on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges loss Balance, beginning of period ​ $ 584 ​ $ (265) ​ $ (1,077) ​ $ (758) Other comprehensive (loss) income before reclassifications ​ (762) ​ ​ — ​ ​ 157 ​ (605) Less amounts reclassified from accumulated other comprehensive loss ​ (76) ​ ​ (14) ​ ​ — ​ (90) Period change ​ (686) ​ 14 ​ 157 ​ (515) Balance, end of period ​ $ (102) ​ $ (251) ​ $ (920) ​ $ (1,273) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2021 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to (losses) gains other ​ (losses) gains on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges (loss) income Balance, beginning of period ​ $ (214) ​ $ (238) ​ $ (737) ​ $ (1,189) Other comprehensive income before reclassifications ​ 785 ​ ​ — ​ ​ 654 ​ 1,439 Less amounts reclassified from accumulated other comprehensive income (loss) ​ 420 ​ ​ (238) ​ ​ — ​ 182 Period change ​ 365 ​ 238 ​ 654 ​ 1,257 Balance, end of period ​ $ 151 ​ $ — ​ $ (83) ​ $ 68 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2020 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to gains (losses) other ​ gains (loss) on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges income (loss) Balance, beginning of period ​ $ 281 ​ $ (295) ​ $ 168 ​ $ 154 Other comprehensive loss before reclassifications ​ (531) ​ ​ — ​ ​ (1,088) ​ (1,619) Less amounts reclassified from accumulated other comprehensive loss ​ (148) ​ ​ (44) ​ ​ — ​ (192) Period change ​ (383) ​ 44 ​ (1,088) ​ (1,427) Balance, end of period ​ $ (102) ​ $ (251) ​ $ (920) ​ $ (1,273) ​

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2021
Fair Value
Fair Value	NOTE 6. Fair Value Fair Value Measurement The Company follows FASB ASC Topic 820, “Fair Value Measurement and Disclosures,” hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed as follows: Level 1 Inputs ● Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ● Generally, this includes debt and equity securities and derivative contracts that are traded in an active exchange market (i.e. New York Stock Exchange), as well as certain U.S. Treasury, U.S. Government and sponsored entity agency mortgage-backed securities that are highly liquid and are actively traded in over-the-counter markets. ​ Level 2 Inputs ● Quoted prices for similar assets or liabilities in active markets. ● Quoted prices for identical or similar assets or liabilities in inactive markets. ● Inputs other than quoted prices that are observable, either directly or indirectly, for the term of the asset or liability (i.e., interest rates, yield curves, credit risks, prepayment speeds or volatilities) or “market corroborated inputs.” ● Generally, this includes U.S. Government and sponsored entity mortgage-backed securities, corporate debt securities and derivative contracts ​ Level 3 Inputs ● Prices or valuation techniques that require inputs that are both unobservable (i.e. supported by little or no market activity) and that are significant to the fair value of the assets or liabilities. ● These assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. ​ Fair Value on a Recurring Basis The following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis: Debt Securities Available for Sale The fair value of available for sale ("AFS") debt securities is the market value based on quoted market prices, when available, or market prices provided by recognized broker dealers (Level 1). If listed prices or quotes are not available, fair value is based upon quoted market prices for similar or identical assets or other observable inputs (Level 2) or externally developed models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). As of September 30, 2021, the fair value of the Company’s AFS debt securities portfolio was $39.8 million. Approximately 28 percent of the portfolio was made up of residential mortgage-backed securities, which had a fair value of $11.0 million at September 30, 2021. Approximately $10.9 million of the residential mortgage-backed securities are guaranteed by the Government National Mortgage Association ("GNMA"), the Federal National Mortgage Association ("FNMA") or the Federal Home Loan Mortgage Corporation ("FHLMC"). The underlying loans for these securities are residential mortgages that are geographically dispersed throughout the United States. Most of the Company’s AFS debt securities were classified as Level 2 assets at September 30, 2021. The valuation of AFS debt securities using Level 2 inputs was primarily determined using the market approach, which uses quoted prices for similar assets or liabilities in active markets and all other relevant information. It includes model pricing, defined as valuing securities based upon their relationship with other benchmark securities. Included in the Company’s AFS debt securities are two corporate bonds which are classified as Level 3 assets at September 30, 2021, which were previously classified as Level 2 assets. The valuation of these corporate bonds is determined using broker quotes, third-party vendor prices, or other valuation techniques, such as discounted cash flow techniques. Market inputs used in the other valuation techniques or underlying third-party vendor prices or broker quotes include benchmark and government bond yield curves, credit spreads, and trade execution data. The following table presents a reconciliation of the Level 3 available for sale debt securities measured at fair value on a recurring basis for the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, (In thousands) 2021 2020 ​ 2021 2020 Balance at beginning of period (1) $ 4,675 $ 6,243 ​ $ 4,400 $ 6,238 Purchases/additions ​ ​ — ​ ​ — ​ ​ — ​ ​ — Sales/reductions ​ — ​ — ​ — ​ — Realized gains (losses) ​ — ​ — ​ — ​ — Unrealized gains ​ 275 ​ (728) ​ 550 ​ (723) Balance at end of period ​ $ 4,950 ​ $ 5,515 ​ $ 4,950 ​ $ 5,515 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes AFS debt securities classified as Level 2 at December 31, 2019, which were transferred to Level 3 during the period ended December 31, 2020. ​ Equity Securities with Readily Determinable Fair Values The fair value of equity securities is the market value based on quoted market prices, when available, or market prices provided by recognized broker dealers (Level 1). If listed prices or quotes are not available, fair value is based upon quoted market prices for similar or identical assets or other observable inputs (Level 2) or externally developed models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). As of September 30, 2021, the fair value of the Company’s equity securities portfolio was $4.9 million. All of the Company’s equity securities were classified as Level 2 assets at September 30, 2021. The valuation of equity securities using Level 2 inputs was primarily determined using the market approach, which uses quoted prices for similar assets or liabilities in active markets and all other relevant information. There were no changes in the inputs or methodologies used to determine fair value during the period ended September 30, 2021, as compared to the periods ended December 31, 2020 and September 30, 2020. Loans Held for Sale Fair Value for loans held for sale is derived from quoted market prices for similar loans, in which case they are characterized as Level 2 assets in the fair value hierarchy. Interest Rate Swap Agreements The fair value of interest rate swap agreements is the market value based on quoted market prices, when available, or market prices provided by recognized broker dealers (Level 1). If listed prices or quotes are not available, fair value is based upon quoted market prices for similar or identical assets or other observable inputs (Level 2) or externally developed models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). The Company’s derivative instruments are classified as Level 2 assets, as the readily observable market inputs to these models are validated to external sources, such as industry pricing services, or are corroborated through recent trades, dealer quotes, yield curves, implied volatility or other market-related data. The tables below present the balances of assets and liabilities measured at fair value on a recurring basis as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2021 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ Assets/Liabilities ​ Active Markets ​ Significant Other ​ Significant ​ ​ Measured at Fair ​ for Identical ​ Observable ​ Unobservable (In thousands) Value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Measured on a recurring basis: ​ ​ ​ ​ Assets: ​ ​ ​ ​ Debt securities available for sale: ​ ​ ​ ​ State and political subdivisions ​ $ 1,062 ​ $ — ​ $ 1,062 ​ $ — Residential mortgage-backed securities ​ 11,008 ​ — ​ 11,008 ​ — Corporate and other securities ​ 27,693 ​ — ​ 22,743 ​ 4,950 Total debt securities available for sale ​ $ 39,763 ​ $ — ​ $ 34,813 ​ $ 4,950 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ 4,893 ​ — ​ 4,893 ​ — Total equity securities ​ $ 4,893 ​ $ — ​ $ 4,893 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ 22,537 ​ — ​ 22,537 ​ — Total loans held for sale ​ $ 22,537 ​ $ — ​ $ 22,537 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ (115) ​ — ​ (115) ​ — Total swap agreements ​ $ (115) ​ $ — ​ $ (115) ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value Measurements at December 31, 2020 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ Assets/Liabilities ​ Active Markets ​ Significant Other ​ Significant ​ ​ Measured at Fair ​ for Identical ​ Observable ​ Unobservable (In thousands) Value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Measured on a recurring basis: ​ ​ ​ ​ Assets: ​ ​ ​ ​ Debt securities available for sale: ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 2,003 ​ $ — ​ $ 2,003 ​ $ — State and political subdivisions ​ 2,969 ​ — ​ 2,969 ​ — Residential mortgage-backed securities ​ 17,410 ​ — ​ 17,410 ​ — Corporate and other securities ​ 23,235 ​ — ​ 18,835 ​ 4,400 Total debt securities available for sale ​ $ 45,617 ​ $ — ​ $ 41,217 ​ $ 4,400 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ 1,954 ​ — ​ 1,954 ​ — Total equity securities ​ $ 1,954 ​ $ — ​ $ 1,954 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ 10,712 ​ — ​ 10,712 ​ — Total loans held for sale ​ $ 10,712 ​ $ — ​ $ 10,712 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ (1,026) ​ — ​ (1,026) ​ — Total swap agreements ​ $ (1,026) ​ $ — ​ $ (1,026) ​ $ — ​ Fair Value on a Nonrecurring Basis The following tables present the assets and liabilities subject to fair value adjustments (impairment) on a non-recurring basis carried on the balance sheet by caption and by level within the hierarchy (as described above): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2021 Using ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ Assets/Liabilities ​ Markets for ​ Observable ​ Unobservable ​ Net Credit ​ ​ Measured at Fair ​ Identical Assets ​ Inputs ​ Inputs ​ During (In thousands) Value (Level 1) (Level 2) (Level 3) Period Measured on a non-recurring basis: ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Impaired collateral-dependent loans ​ $ 7,639 ​ $ — ​ $ — ​ $ 7,639 ​ $ (968) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2020 Using ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ Net (Credit) ​ ​ Assets/Liabilities ​ Markets for ​ Observable ​ Unobservable ​ Provision ​ ​ Measured at Fair ​ Identical Assets ​ Inputs ​ Inputs ​ During (In thousands) Value (Level 1) (Level 2) (Level 3) Period Financial assets: ​ ​ ​ ​ ​ OREO ​ $ — ​ $ — ​ $ — ​ $ — ​ $ (225) Impaired collateral-dependent loans ​ 11,959 ​ — ​ — ​ 11,959 ​ 3,693 ​ Certain assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following is a description of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis: Appraisal Policy All appraisals must be performed in accordance with the Uniform Standards of Professional Appraisal Practice ("USPAP"). Appraisals are certified to the Company and performed by appraisers on the Company’s approved list of appraisers. Evaluations are completed by a person independent of Company management. The content of the appraisal depends on the complexity of the property. Appraisals are completed on a “retail value” and an “as is value.” OREO The fair value of OREO is determined using third party appraisals, which may be discounted based on management’s review and changes in market conditions (Level 3 Inputs). Impaired Collateral-Dependent Loans The fair value of impaired collateral-dependent loans is derived in accordance with FASB ASC Topic 310, “Receivables.” The valuation allowance for impaired loans is included in the allowance for loan losses in the consolidated balance sheets. At September 30, 2021, the valuation allowance for impaired loans was $3.1 million, a decrease of $968 thousand from $4.1 million at December 31, 2020. Fair Value of Financial Instruments FASB ASC Topic 825, “Financial Instruments,” Cash and Cash Equivalents For these short-term instruments, the carrying value is a reasonable estimate of fair value. Securities The fair value of securities is based upon quoted market prices for similar or identical assets or other observable inputs (Level 2) or externally developed models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). SBA Loans Held for Sale The fair value of SBA loans held for sale is estimated by using a market approach that includes significant other observable inputs. Loans The fair value of loans is estimated by discounting the future cash flows using current market rates that reflect the interest rate risk inherent in the loan, except for previously discussed impaired loans. FHLB Stock Federal Home Loan Bank stock is carried at cost. Carrying value approximates fair value based on the redemption provisions of the issues. Servicing Assets Servicing assets do not trade in an active, open market with readily observable prices. The Company estimates the fair value of servicing assets using discounted cash flow models incorporating numerous assumptions from the perspective of a market participant including market discount rates and prepayment speeds. Accrued Interest The carrying amounts of accrued interest approximate fair value. Deposit Liabilities The fair value of demand deposits and savings accounts is the amount payable on demand at the reporting date (i.e. carrying value). The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using current market rates. Borrowed Funds and Subordinated Debentures The fair value of borrowings is estimated by discounting the projected future cash flows using current market rates. Standby Letters of Credit At September 30, 2021, the Bank had standby letters of credit outstanding of $3.2 million. The fair value of these commitments is nominal. The table below presents the carrying amount and estimated fair values of the Company’s financial instruments presented as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ Fair value ​ Carrying ​ Estimated ​ Carrying ​ Estimated (In thousands) level amount fair value amount fair value Financial assets: ​ ​ ​ ​ Cash and cash equivalents Level 1 ​ $ 216,372 ​ $ 216,372 ​ $ 219,311 ​ $ 219,311 Securities (1) Level 2 ​ 49,807 ​ 44,656 ​ 47,571 ​ 47,571 SBA loans held for sale Level 2 ​ 20,130 ​ 22,537 ​ 9,335 ​ 10,712 Loans, net of allowance for loan losses (2) Level 2 ​ 1,622,224 ​ 1,635,816 ​ 1,595,377 ​ 1,613,593 FHLB stock Level 2 ​ 4,403 ​ 4,403 ​ 10,594 ​ 10,594 Servicing assets Level 3 ​ 1,217 ​ 1,217 ​ 1,857 ​ 1,857 Accrued interest receivable Level 2 ​ 9,684 ​ 9,684 ​ 10,429 ​ 10,429 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits Level 2 ​ 1,706,185 ​ 1,704,827 ​ 1,557,959 ​ 1,561,502 Borrowed funds and subordinated debentures Level 2 ​ 70,310 ​ 71,399 ​ 210,310 ​ 212,358 Accrued interest payable Level 2 ​ 158 ​ 158 ​ 248 ​ 248 ​ (1) Includes corporate securities that are considered Level 3 and reported separately in the table under the “Fair Value on a Recurring Basis” heading. These securities had book values of $5.0 million and market values of $4.7 million. (2) Includes collateral-dependent impaired loans that are considered Level 3 and reported separately in the tables under the “Fair Value on a Nonrecurring Basis” heading. Collateral-dependent impaired loans, net of specific reserves totaled $7.6 million and $12.0 million at September 30, 2021 and December 31, 2020, respectively. Limitations Fair value estimates are made at a point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-statement of condition financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. In addition, the tax ramifications related to the effect of fair value estimates have not been considered in the above estimates.

Securities

Securities	9 Months Ended
	Sep. 30, 2021
Securities
Securities	NOTE 7. Securities This table provides the major components of debt securities available for sale ("AFS"), held to maturity (“HTM”) and equity securities with readily determinable fair values ("equity securities") at amortized cost and estimated fair value at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ ​ Gross Gross ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ unrealized ​ unrealized ​ Estimated ​ Amortized ​ unrealized ​ unrealized ​ Estimated (In thousands) ​ cost ​ gains ​ losses ​ fair value ​ cost ​ gains ​ losses ​ fair value Available for sale: ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,000 ​ $ 3 ​ $ — ​ $ 2,003 State and political subdivisions ​ 1,062 ​ 8 ​ (8) ​ 1,062 ​ 2,935 ​ 34 ​ — ​ 2,969 Residential mortgage-backed securities ​ 10,576 ​ 433 ​ (1) ​ 11,008 ​ 16,765 ​ 645 ​ — ​ 17,410 Corporate and other securities ​ 27,920 ​ 243 ​ (470) ​ 27,693 ​ 24,221 ​ 132 ​ (1,118) ​ 23,235 Total debt securities available for sale ​ $ 39,558 ​ $ 684 ​ $ (479) ​ $ 39,763 ​ $ 45,921 ​ $ 814 ​ $ (1,118) ​ $ 45,617 Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 2,000 ​ $ 18 ​ $ — ​ $ 2,018 ​ $ — ​ $ — ​ $ — ​ $ — Residential mortgage-backed securities ​ 3,151 ​ — ​ (5) ​ 3,146 ​ — ​ — ​ — ​ — Total securities held to maturity ​ $ 5,151 ​ $ 18 ​ $ (5) ​ $ 5,164 ​ $ — ​ $ — ​ $ — ​ $ — Equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ 4,563 ​ $ 401 ​ $ (71) ​ $ 4,893 ​ $ 2,112 ​ $ — ​ $ (158) ​ $ 1,954 ​ This table provides the remaining contractual maturities and yields of securities within the investment portfolios. The carrying value of securities at September 30, 2021 is distributed by contractual maturity. Mortgage-backed securities and other securities, which may have principal prepayment provisions, are distributed based on contractual maturity. Expected maturities will differ materially from contractual maturities as a result of early prepayments and calls. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ After one through ​ After five through ​ ​ ​ ​ ​ ​ Total carrying ​ ​ Within one year ​ five years ​ ten years ​ After ten years ​ value (In thousands, except percentages) Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Available for sale at fair value: ​ ​ ​ ​ ​ ​ State and political subdivisions ​ $ 201 3.90 % $ 425 2.91 % $ — — % $ 436 2.74 % $ 1,062 3.03 % Residential mortgage-backed securities ​ 41 1.70 ​ 496 2.93 ​ 1,010 2.27 ​ 9,461 1.94 ​ 11,008 2.01 ​ Corporate and other securities ​ — — ​ 1,000 5.13 ​ 12,496 4.61 ​ 14,197 2.24 ​ 27,693 3.41 ​ Total debt securities available for sale ​ $ 242 3.53 % $ 1,921 4.07 % $ 13,506 4.43 % $ 24,094 2.13 % $ 39,763 3.02 % Held to maturity at cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — — % $ — — % $ — — % $ 2,000 2.49 % $ 2,000 2.49 % Residential mortgage-backed securities ​ ​ — ​ — ​ ​ — ​ — ​ ​ — ​ — ​ ​ 3,151 ​ 2.17 ​ ​ 3,151 ​ 2.17 ​ Total securities held to maturity ​ $ — — % $ — — % $ — — % $ 5,151 2.29 % $ 5,151 2.29 % Equity Securities at fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ — — % $ — — % $ — — % $ 4,893 2.17 % $ 4,893 2.17 % ​ The fair value of securities with unrealized losses by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2021 and December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ Less than 12 months ​ 12 months and greater ​ Total ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ number in a ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized (In thousands, except number in a loss position) ​ loss position ​ fair value ​ loss ​ fair value ​ loss ​ fair value ​ loss Available for sale: ​ ​ ​ ​ ​ ​ State and political subdivisions 1 ​ $ 437 ​ $ (8) ​ $ — ​ $ — ​ $ 437 ​ $ (8) Residential mortgage-backed securities 2 ​ $ 305 ​ $ (1) ​ $ — ​ $ — ​ $ 305 ​ $ (1) Corporate and other securities 8 ​ ​ 3,404 ​ ​ (99) ​ ​ 5,887 ​ ​ (371) ​ ​ 9,291 ​ ​ (470) Total temporarily impaired securities ​ 11 ​ $ 4,146 ​ $ (108) ​ $ 5,887 ​ $ (371) ​ $ 10,033 ​ $ (479) Held to maturity: ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 1 ​ $ 3,146 ​ $ (5) ​ $ — ​ $ — ​ $ 3,146 ​ $ (5) Total temporarily impaired securities 1 ​ $ 3,146 ​ $ (5) ​ $ — ​ $ — ​ $ 3,146 ​ $ (5) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ Less than 12 months ​ 12 months and greater ​ Total ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ number in a ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized (In thousands, except number in a loss position) ​ loss position ​ fair value ​ loss ​ fair value ​ loss ​ fair value ​ loss Available for sale: ​ ​ ​ ​ ​ ​ Corporate and other securities 9 ​ $ 4,793 ​ $ (20) ​ $ 9,157 ​ $ (1,098) ​ $ 13,950 ​ $ (1,118) Total temporarily impaired securities 9 ​ $ 4,793 ​ $ (20) ​ $ 9,157 ​ $ (1,098) ​ $ 13,950 ​ $ (1,118) ​ Unrealized Losses The unrealized losses in each of the categories presented in the tables above are discussed in the paragraphs that follow: U.S. government sponsored entities and state and political subdivision securities: cost basis, which may be at maturity, the Company did not consider these investments to be other-than temporarily impaired as of September 30, 2021 or December 31, 2020. Residential and commercial mortgage-backed securities: Corporate and other securities: Realized Gains and Losses Gross realized gains and losses on securities for the three and nine months ended September 30, 2021 and 2020 are detailed in the table below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 ​ 2021 2020 ​ Available for sale: ​ ​ ​ ​ ​ ​ Realized gains ​ $ — ​ $ 16 ​ $ 43 ​ $ 317 ​ Realized losses ​ — ​ — ​ — ​ — ​ Total debt securities available for sale ​ — ​ 16 ​ 43 ​ 317 ​ Net gains on sales of securities ​ $ — ​ $ 16 ​ $ 43 ​ $ 317 ​ ​ The net realized gains are included in noninterest income in the Consolidated Statements of Income as net security gains. There were no gross realized gains and $43 thousand of gross realized gains during the three and nine months ended September 30, 2021, compared to $16 thousand and $317 thousand of gross realized gains during the same period a year ago. There were no gross realized losses for the three and nine months ended September 30, 2021, or 2020. For the nine months ended September 30, 2021, the net gain is attributed to: ● the sale of six corporate bonds with a total book value of $7.0 million and resulting gains of $39 thousand, and ● the call of one taxable municipal security with a book value of $496 thousand and resulting gains of $4 thousand. ​ For the nine months ended September 30, 2020, the net gain is attributed to: ● the sale of two corporate bonds with a total book value of $2.7 million and resulting gains of $77 thousand, ● the sale of three mortgage-backed securities with a total book value of $2.8 million and resulting gains of $57 thousand, ● the sale of one tax-exempt municipal security with a book value of $381 thousand and resulting gains of $27 thousand, ● the sale of one taxable municipal security with a book value of $456 thousand and resulting gains of $140 thousand, and ● the call of three tax-exempt municipal securities with a total book value of $1.8 million and resulting gains of $16 thousand. ​ Equity Securities Included in this category are Community Reinvestment Act ("CRA") investments and the Company’s current other equity holdings of financial institutions. Equity securities are defined to include (a) preferred, common and other ownership interests in entities including partnerships, joint ventures and limited liability companies and (b) rights to acquire or dispose of ownership interests in entities at fixed or determinable prices. The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 2021 2020 ​ Net gains (losses) recognized during the period on equity securities ​ $ 198 ​ $ (112) ​ $ 488 ​ $ (509) ​ Net gains recognized during the period on equity securities sold during the period ​ 4 ​ — ​ 4 ​ 5 ​ Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date ​ $ 202 ​ $ (112) ​ $ 492 ​ $ (504) ​ ​ Pledged Securities Securities with a carrying value of $1.3 million and $1.6 million at September 30, 2021 and December 31, 2020, respectively, were pledged to secure deposits, secure other borrowings and for other purposes required or permitted by law.

Loans

Loans	9 Months Ended
	Sep. 30, 2021
Loans
Loans	NOTE 8. Loans The following table sets forth the classification of loans by class, including unearned fees, deferred costs and excluding the allowance for loan losses as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) September 30, 2021 December 31, 2020 SBA loans held for investment ​ $ 37,986 ​ $ 39,587 SBA PPP loans ​ ​ 81,907 ​ ​ 118,257 Commercial loans ​ ​ SBA 504 loans ​ 22,371 ​ 19,681 Commercial other ​ 116,461 ​ 118,280 Commercial real estate ​ 710,869 ​ 630,423 Commercial real estate construction ​ 74,336 ​ 71,404 Residential mortgage loans ​ 420,835 ​ 467,586 Consumer loans ​ ​ ​ ​ Home equity ​ 68,609 ​ 62,549 Consumer other ​ ​ 2,462 ​ ​ 3,551 Residential construction loans ​ ​ 108,925 ​ ​ 87,164 Total loans held for investment ​ $ 1,644,761 ​ $ 1,618,482 SBA loans held for sale ​ 20,130 ​ 9,335 Total loans ​ $ 1,664,891 ​ $ 1,627,817 ​ Loans are made to individuals as well as commercial entities. Specific loan terms vary as to interest rate, repayment, and collateral requirements based on the type of loan requested and the credit worthiness of the prospective borrower. Credit risk tends to be geographically concentrated in that a majority of the loan customers are located in the markets serviced by the Bank. Loan performance may be adversely affected by factors impacting the general economy or conditions specific to the real estate market such as geographic location and/or property type. A description of the Company’s different loan segments follows: SBA Loans: On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law. It contained substantial tax and spending provisions intended to address the impact of the COVID-19 pandemic. The CARES Act included a range of other provisions designed to support the U.S. economy and mitigate the impact of COVID-19 on financial institutions and their customers, including through the authorization of various relief programs and measures that the U.S. Department of the Treasury, the Small Business Administration, the Federal Reserve Board (“FRB”) and other federal banking agencies have implemented or may implement. The CARES Act provided assistance to small businesses through the establishment of the SBA Paycheck Protection Program ("PPP"). The PPP provided small businesses with funds to pay up to 24 weeks of payroll costs, including certain benefits. The funds were provided in the form of loans that may be fully or partially forgiven when used for payroll costs, interest on mortgages, rent, and utilities. The payments on these loans were deferred for up to six months. Loans made after June 5, 2020, mature in five years, and loans made prior to June 5, 2020, mature in two years but can be extended to five years if the lender agrees. Forgiveness of the PPP loans is based on the borrower maintaining or quickly rehiring employees and maintaining salary levels. Most small businesses with 500 or fewer employees were eligible. Applications for the PPP loans started on April 3, 2020 and was extended through August 8, 2020. As an existing SBA 7(a) lender, the Company opted to participate in the program. Applications for the renewed PPP loan program started on January 13, 2021 and were available until March 31, 2021. Commercial Loans: Residential Mortgage, Consumer and Residential Construction Loans: During the quarter ended September 30, 2021, the Company enrolled in the “Upgrade Consumer Unsecured Loan Program” to purchase consumer unsecured loans. This loan product is a fixed rate, fully amortizing term for up to thousand. Restrictions were placed on the loans purchased to limit the purchases to borrowers residing in New Jersey, southern New York, and eastern Pennsylvania and to limit purchases to borrowers with higher credit quality with a 700 FICO minimum. Upgrade services the loans on behalf of the Company. Upgrade is a financial technology company that utilizes artificial intelligence to underwrite personal loan and credit card installment loans to retail customers, in addition to credit monitoring and education tools. Inherent in the lending function is credit risk, which is the possibility a borrower may not perform in accordance with the contractual terms of their loan. A borrower’s inability to pay their obligations according to the contractual terms can create the risk of past due loans and, ultimately, credit losses, especially on collateral deficient loans. The Company minimizes its credit risk by loan diversification and adhering to credit administration policies and procedures. Due diligence on loans begins when we initiate contact regarding a loan with a borrower. Documentation, including a borrower’s credit history, materials establishing the value and liquidity of potential collateral, the purpose of the loan, the source of funds for repayment of the loan, and other factors, are analyzed before a loan is submitted for approval. The loan portfolio is then subject to on-going internal reviews for credit quality which in part is derived from ongoing collection and review of borrowers’ financial information, as well as independent credit reviews by an outside firm. The Company’s extension of credit is governed by the Credit Risk Policy which was established to control the quality of the Company’s loans. This policy and the underlying procedures are reviewed and approved by the Board of Directors on a regular basis. Credit Ratings For SBA 7(a) and commercial loans, management uses internally assigned risk ratings as the best indicator of credit quality. A loan’s internal risk rating is updated at least annually and more frequently if circumstances warrant a change in risk rating. The Company uses a 1 through 10 loan grading system that follows regulatory accepted definitions. Pass: Special Mention: Substandard: A risk rating of 9 is used for borrowers that have all the weaknesses inherent in a loan with a risk rating of 8, with the added characteristic that the weaknesses make collection of debt in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Serious problems exist to the point where partial loss of principal is likely. The possibility of loss is extremely high, but because of certain important, reasonably specific pending factors that may work to strengthen the assets, the loans’ classification as estimated losses is deferred until a more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures; capital injection; perfecting liens on additional collateral; and refinancing plans. Partial charge-offs are likely. Loss: For residential mortgage, consumer and residential construction loans, management uses performing versus nonperforming as the best indicator of credit quality. Nonperforming loans consist of loans that are not accruing interest (nonaccrual loans) as a result of principal or interest being in default for a period of 90 days or more or when the ability to collect principal and interest according to the contractual terms is in doubt. These credit quality indicators are updated on an ongoing basis, as a loan is placed on nonaccrual status as soon as management believes there is sufficient doubt as to the ultimate ability to collect interest on a loan. At September 30, 2021, there were $1.5 million of residential consumer loans in the process of foreclosure, compared to $4.8 million at December 31, 2020. The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ SBA & Commercial loans - Internal risk ratings (In thousands) Pass Special mention Substandard Total SBA loans held for investment ​ $ 37,150 ​ $ 518 ​ $ 318 ​ $ 37,986 SBA PPP loans ​ ​ 81,907 ​ ​ — ​ ​ — ​ ​ 81,907 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ 22,371 ​ — ​ — ​ 22,371 Commercial other ​ 106,839 ​ 5,254 ​ 4,368 ​ 116,461 Commercial real estate ​ 687,207 ​ 21,549 ​ 2,113 ​ 710,869 Commercial real estate construction ​ 74,336 ​ — ​ — ​ 74,336 Total commercial loans ​ 890,753 ​ 26,803 ​ 6,481 ​ 924,037 Total SBA and commercial loans ​ $ 1,009,810 ​ $ 27,321 ​ $ 6,799 ​ $ 1,043,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage, Consumer & Residential construction loans - Performing/Nonperforming (In thousands) ​ ​ Performing Nonperforming Total Residential mortgage loans ​ ​ ​ ​ $ 418,209 ​ $ 2,626 ​ $ 420,835 Consumer loans ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ 68,609 ​ — ​ 68,609 Consumer other ​ ​ ​ ​ ​ 2,462 ​ ​ — ​ ​ 2,462 Total consumer loans ​ ​ ​ ​ ​ 71,071 ​ ​ — ​ ​ 71,071 Residential construction loans ​ ​ ​ ​ ​ 106,288 ​ ​ 2,637 ​ ​ 108,925 Total residential mortgage, consumer and residential construction loans ​ ​ ​ ​ $ 595,568 ​ $ 5,263 ​ $ 600,831 ​ The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ SBA & Commercial loans - Internal risk ratings (In thousands) Pass Special mention Substandard Total SBA loans held for investment ​ $ 36,991 ​ $ 525 ​ $ 2,071 ​ $ 39,587 SBA PPP loans ​ ​ 118,257 ​ ​ — ​ ​ — ​ ​ 118,257 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ 19,681 ​ — ​ — ​ 19,681 Commercial other ​ 109,672 ​ 5,533 ​ 3,075 ​ 118,280 Commercial real estate ​ 603,482 ​ 25,206 ​ 1,735 ​ 630,423 Commercial real estate construction ​ 71,404 ​ — ​ — ​ 71,404 Total commercial loans ​ 804,239 ​ 30,739 ​ 4,810 ​ 839,788 Total SBA and commercial loans ​ $ 959,487 ​ $ 31,264 ​ $ 6,881 ​ $ 997,632 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage, Consumer & Residential construction loans - Performing/Nonperforming (In thousands) ​ ​ Performing ​ Nonperforming ​ Total Residential mortgage loans ​ ​ $ 462,369 ​ $ 5,217 ​ $ 467,586 Consumer loans ​ ​ ​ ​ Home equity ​ ​ 61,254 ​ 1,295 ​ 62,549 Consumer other ​ ​ ​ ​ ​ 3,551 ​ ​ — ​ ​ 3,551 Total consumer loans ​ ​ ​ ​ ​ 64,805 ​ ​ 1,295 ​ ​ 66,100 Residential construction loans ​ ​ ​ ​ ​ 85,414 ​ ​ 1,750 ​ ​ 87,164 Total residential mortgage, consumer and residential construction loans ​ ​ $ 612,588 ​ $ 8,262 ​ $ 620,850 ​ Nonperforming and Past Due Loans Nonperforming loans consist of loans that are not accruing interest (nonaccrual loans) as a result of principal or interest being in default for a period of 90 days or more or when the ability to collect principal and interest according to the contractual terms is in doubt. Loans past due 90 days or more and still accruing interest are not included in nonperforming loans and generally represent loans that are well collateralized and in the process of collection. The risk of loss is difficult to quantify and is subject to fluctuations in collateral values, general economic conditions and other factors. The Company values its collateral through the use of appraisals, broker price opinions, and knowledge of its local market. The following tables set forth an aging analysis of past due and nonaccrual loans as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ Nonaccrual ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ (1) ​ due ​ Current ​ Total loans SBA loans held for investment ​ $ 1,297 ​ $ — ​ $ — ​ $ 660 ​ $ 1,957 ​ $ 36,029 ​ $ 37,986 SBA PPP loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 81,907 ​ ​ 81,907 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 22,371 ​ 22,371 Commercial other ​ 69 ​ — ​ 128 ​ 2,094 ​ 2,291 ​ 114,170 ​ 116,461 Commercial real estate ​ 3,686 ​ 569 ​ — ​ 785 ​ 5,040 ​ 705,829 ​ 710,869 Commercial real estate construction ​ — ​ — ​ — ​ — ​ — ​ 74,336 ​ 74,336 Residential mortgage loans ​ 5,102 ​ 2,266 ​ 1,960 ​ 2,626 ​ 11,954 ​ 408,881 ​ 420,835 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ 34 ​ — ​ — ​ — ​ 34 ​ 68,575 ​ 68,609 Consumer other ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,462 ​ ​ 2,462 Residential construction loans ​ ​ 2,385 ​ ​ — ​ ​ 176 ​ ​ 2,637 ​ ​ 5,198 ​ ​ 103,727 ​ ​ 108,925 Total loans held for investment ​ ​ 12,573 ​ ​ 2,835 ​ ​ 2,264 ​ ​ 8,802 ​ ​ 26,474 ​ ​ 1,618,287 ​ ​ 1,644,761 SBA loans held for sale ​ — ​ — ​ — ​ — ​ — ​ 20,130 ​ 20,130 Total loans ​ $ 12,573 ​ $ 2,835 ​ $ 2,264 ​ $ 8,802 ​ $ 26,474 ​ $ 1,638,417 ​ $ 1,664,891 ​ (1) At September 30, 2021, nonaccrual loans included $139 thousand of loans guaranteed by the SBA. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ Nonaccrual ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ (1) ​ due ​ Current ​ Total loans SBA loans held for investment ​ $ 792 ​ $ 1,280 ​ $ — ​ $ 2,473 ​ $ 4,545 ​ $ 35,042 ​ $ 39,587 SBA PPP loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ 118,257 ​ ​ 118,257 Commercial loans ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 19,681 ​ 19,681 Commercial other ​ 186 ​ 201 ​ — ​ 266 ​ 653 ​ 117,627 ​ 118,280 Commercial real estate ​ 3,109 ​ 1,971 ​ — ​ 1,059 ​ 6,139 ​ 624,284 ​ 630,423 Commercial real estate construction ​ 1,047 ​ — ​ — ​ — ​ 1,047 ​ 70,357 ​ 71,404 Residential mortgage loans ​ 3,232 ​ 2,933 ​ 262 ​ 5,217 ​ 11,644 ​ 455,942 ​ 467,586 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ 393 ​ — ​ 187 ​ 1,295 ​ 1,875 ​ 60,674 ​ 62,549 Consumer other ​ ​ 3 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 3,547 ​ ​ 3,551 Residential construction loans ​ ​ 120 ​ ​ 796 ​ ​ — ​ ​ 1,750 ​ ​ 2,666 ​ ​ 84,498 ​ ​ 87,164 Total loans held for investment ​ ​ 8,882 ​ ​ 7,182 ​ ​ 449 ​ ​ 12,060 ​ ​ 28,573 ​ ​ 1,589,909 ​ ​ 1,618,482 SBA loans held for sale ​ 448 ​ — ​ — ​ — ​ 448 ​ 8,887 ​ 9,335 Total loans ​ $ 9,330 ​ $ 7,182 ​ $ 449 ​ $ 12,060 ​ $ 29,021 ​ $ 1,598,796 ​ $ 1,627,817 ​ (1) At December 31, 2020, nonaccrual loans included $371 thousand of loans guaranteed by the SBA. ​ Impaired Loans The Company has defined impaired loans to be all nonperforming loans individually evaluated for impairment and TDRs. Management considers a loan impaired when, based on current information and events, it is determined that the Company will not be able to collect all amounts due according to the loan contract. Impairment is evaluated on an individual basis for SBA and commercial loans. The following table provides detail on the Company’s impaired loans that are individually evaluated for impairment with the associated allowance amount, if applicable, as of September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Unpaid ​ ​ ​ ​ ​ ​ principal ​ Recorded ​ Specific (In thousands) ​ balance ​ investment ​ reserves With no related allowance: ​ ​ ​ ​ SBA loans held for investment (1) ​ $ 414 ​ $ 313 ​ $ — Commercial loans ​ ​ ​ Commercial real estate ​ 1,716 ​ 1,716 ​ — Total commercial loans ​ 1,716 ​ 1,716 ​ — Residential mortgage loans ​ ​ 2,391 ​ ​ 2,339 ​ ​ — Residential construction loans ​ ​ 2,637 ​ ​ 2,637 ​ ​ — Total impaired loans with no related allowance ​ 7,158 ​ 7,005 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment (1) ​ 460 ​ 207 ​ 161 Commercial loans ​ ​ ​ Commercial other ​ 2,823 ​ 2,713 ​ 2,672 Commercial real estate ​ 986 ​ 139 ​ 139 Total commercial loans ​ 3,809 ​ 2,852 ​ 2,811 Residential mortgage loans ​ ​ 287 ​ ​ 287 ​ ​ 30 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 427 ​ ​ 427 ​ ​ 137 Total impaired loans with a related allowance ​ 4,983 ​ 3,773 ​ 3,139 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated impaired loans: ​ ​ ​ SBA loans held for investment (1) ​ 874 ​ 520 ​ 161 Commercial loans ​ ​ ​ Commercial other ​ 2,823 ​ 2,713 ​ 2,672 Commercial real estate ​ 2,702 ​ 1,855 ​ 139 Total commercial loans ​ 5,525 ​ 4,568 ​ 2,811 Residential mortgage loans ​ ​ 2,678 ​ ​ 2,626 ​ ​ 30 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 427 ​ ​ 427 ​ ​ 137 Residential construction loans ​ ​ 2,637 ​ ​ 2,637 ​ ​ — Total individually evaluated impaired loans ​ $ 12,141 ​ $ 10,778 ​ $ 3,139 ​ (1) Balances are reduced by amount guaranteed by the SBA of $139 thousand at September 30, 2021. The following table provides detail on the Company’s impaired loans that are individually evaluated for impairment with the associated allowance amount, if applicable, as of December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Unpaid ​ ​ ​ ​ ​ ​ principal ​ Recorded ​ Specific (In thousands) ​ balance ​ investment ​ reserves With no related allowance: ​ ​ ​ ​ SBA loans held for investment (1) ​ $ 1,799 ​ $ 1,698 ​ $ — Commercial loans ​ ​ ​ Commercial real estate ​ 1,462 ​ 1,462 ​ — Total commercial loans ​ 1,462 ​ 1,462 ​ — Residential mortgage loans ​ ​ 4,080 ​ ​ 3,975 ​ ​ — Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 1,295 ​ ​ 1,295 ​ ​ — Residential construction loans ​ ​ 1,750 ​ ​ 1,750 ​ ​ — Total impaired loans with no related allowance ​ 10,386 ​ 10,180 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment (1) ​ 434 ​ 404 ​ 324 Commercial loans ​ ​ ​ Commercial other ​ 3,160 ​ 3,160 ​ 3,106 Commercial real estate ​ 1,730 ​ 1,080 ​ 576 Total commercial loans ​ 4,890 ​ 4,240 ​ 3,682 Residential mortgage loans ​ ​ 1,242 ​ ​ 1,242 ​ ​ 101 Total impaired loans with a related allowance ​ 6,566 ​ 5,886 ​ 4,107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated impaired loans: ​ ​ ​ SBA loans held for investment (1) ​ 2,233 ​ 2,102 ​ 324 Commercial loans ​ ​ ​ ​ ​ ​ Commercial other ​ 3,160 ​ 3,160 ​ 3,106 Commercial real estate ​ 3,192 ​ 2,542 ​ 576 Total commercial loans ​ 6,352 ​ 5,702 ​ 3,682 Residential mortgage loans ​ ​ 5,322 ​ ​ 5,217 ​ ​ 101 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 1,295 ​ ​ 1,295 ​ ​ — Residential construction loans ​ ​ 1,750 ​ ​ 1,750 ​ ​ — Total individually evaluated impaired loans ​ $ 16,952 ​ $ 16,066 ​ $ 4,107 ​ (1) Balances are reduced by amount guaranteed by the SBA of $371 thousand at December 31, 2020. The following tables present the average recorded investments in impaired loans and the related amount of interest received during the time period in which the loans were impaired for the three and nine months ended September 30, 2021 and 2020. The average balances are calculated based on the month-end balances of impaired loans. When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal under the cost recovery method, and therefore no interest income is recognized. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ income ​ ​ ​ Average ​ received ​ Average ​ recognized ​ ​ ​ recorded ​ on impaired ​ recorded ​ on impaired ​ (In thousands) ​ investment ​ loans ​ investment ​ loans ​ SBA loans held for investment (1) ​ $ 917 ​ $ 18 ​ $ 1,928 ​ $ 24 ​ Commercial loans ​ ​ ​ ​ ​ ​ Commercial other ​ 727 ​ 1 ​ 50 ​ — ​ Commercial real estate ​ 1,355 ​ 42 ​ 1,081 ​ 26 ​ Commercial real estate construction ​ ​ — ​ ​ — ​ ​ — ​ ​ 33 ​ Residential mortgage loans ​ ​ 3,571 ​ ​ 13 ​ ​ 4,850 ​ ​ 63 ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 427 ​ ​ 5 ​ ​ 760 ​ ​ 29 ​ Consumer other ​ ​ 2 ​ ​ — ​ ​ — ​ ​ — ​ Residential construction loans ​ ​ 2,659 ​ ​ 18 ​ ​ — ​ ​ — ​ Total ​ $ 9,658 ​ $ 97 ​ $ 8,669 ​ $ 175 ​ ​ (1) Balances are reduced by the average amount guaranteed by the SBA of $173 thousand and $1.2 million for the three months ended September 30, 2021 and 2020, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ income ​ ​ Average ​ received ​ Average ​ recognized ​ ​ recorded ​ on impaired ​ recorded ​ on impaired (In thousands) ​ investment ​ loans ​ investment ​ loans SBA loans held for investment (1) ​ $ 1,384 ​ $ 99 ​ $ 1,440 ​ $ 30 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ 200 ​ 32 Commercial other ​ 457 ​ 11 ​ 51 ​ 25 Commercial real estate ​ 1,904 ​ 119 ​ 1,137 ​ 67 Commercial real estate construction ​ ​ — ​ ​ — ​ ​ — ​ ​ 33 Residential mortgage loans ​ ​ 4,705 ​ ​ 13 ​ ​ 5,533 ​ ​ 129 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 572 ​ ​ 23 ​ ​ 536 ​ ​ 53 Consumer other ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — Residential construction loans ​ ​ 2,691 ​ ​ 38 ​ ​ 25 ​ ​ — Total ​ $ 11,714 ​ $ 303 ​ $ 8,922 ​ $ 369 ​ (1) Balances are reduced by the average amount guaranteed by the SBA of $202 thousand and $687 thousand for the nine months ended September 30, 2021 and 2020, respectively. TDRs The Company’s loan portfolio also includes certain loans that have been modified as TDRs. TDRs occur when a creditor, for economic or legal reasons related to a debtor’s financial condition, grants a concession to the debtor that it would not otherwise consider, unless it results in a delay in payment that is insignificant. These concessions typically include reductions in interest rate, extending the maturity of a loan, or a combination of both. Under the CARES Act and regulatory guidance issued in regards to the COVID-19 pandemic, loan payment deferrals for periods of up to 180 days granted to borrowers adversely effected by the pandemic are not considered TDR’s if the borrower was current on its loan payments at year end 2019 or until the deferral was granted. When the Company modifies a loan, management evaluates for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs if the loan is collateral-dependent. If management determines that the value of the modified loan is less than the recorded investment in the loan, impairment is recognized by segment or class of loan, as applicable, through an allowance estimate or charge-off to the allowance. This process is used, regardless of loan type, and for loans modified as TDRs that subsequently default on their modified terms. TDRs of $1.1 million and $663 thousand are included in the impaired loan numbers as of September 30, 2021 and December 31, 2020, respectively. The increase in TDRs was due to the addition of two loans, partially offset by principal pay downs. At September 30, 2021 and December 31, 2020, there were no specific reserves on the TDRs. The TDRs are in accrual status since they are performing in accordance with the restructured terms. There are no commitments to lend additional funds on these loans. There were two loans modified as TDRs during the nine months ended September 30, 2021. There were no loans modified during the nine months ended September 30, 2020 that were deemed to be TDRs. The following table details loans modified during the nine months ended September 30, 2021, including the number of modifications and the recorded investment at the time of the modification: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2021 ​ ​ Number of ​ Recorded investment (In thousands, except number of contracts) ​ contracts ​ at time of modification Home equity ​ 2 ​ $ 427 Total ​ 2 ​ $ 427 ​ To date, the Company’s TDRs consisted of principal reduction, interest only periods and maturity extensions. There were no loans modified as a TDR within the previous 12 months that subsequently defaulted at some point during the nine months ended September 30, 2021. In this case, the subsequent default is defined as 90 days past due or transferred to nonaccrual status.

Allowance for Loan Losses and R

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments	9 Months Ended
	Sep. 30, 2021
Allowance for Loan Losses and Reserve for Unfunded Loan Commitments
Allowance for Loan Losses and Reserve for Unfunded Loan Commitments	NOTE 9. Allowance for Loan Losses and Reserve for Unfunded Loan Commitments Allowance for Loan Losses The Company has an established methodology to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. At a minimum, the adequacy of the allowance for loan losses is reviewed by management on a quarterly basis. For purposes of determining the allowance for loan losses, the Company has segmented the loans in its portfolio by loan type. Loans are segmented into the following pools: SBA 7(a), commercial, residential mortgages, consumer, and residential construction loans. Certain portfolio segments are further broken down into classes based on the associated risks within those segments and the type of collateral underlying each loan. Commercial loans are divided into the following five classes: commercial real estate, commercial real estate construction, unsecured business line of credit, commercial other, and SBA 504. Consumer loans are divided into two classes as follows: home equity and other. The standardized methodology used to assess the adequacy of the allowance includes the allocation of specific and general reserves. The same standard methodology is used, regardless of loan type. Specific reserves are made to individual impaired loans and TDRs (see Note 1 for additional information on this term). The general reserve is set based upon a representative average historical net charge-off rate adjusted for the following environmental factors: delinquency and impairment trends, charge-off and recovery trends, volume and loan term trends, changes in risk and underwriting policy trends, staffing and experience changes, national and local economic trends, industry conditions and credit concentration changes. Within the five-year historical net charge-off rate, the Company weights the past three years more heavily as it believes it is more indicative of future charge-offs. All of the environmental factors are ranked and assigned a basis points value based on the following scale: low, low moderate, moderate, high moderate and high risk. Each environmental factor is evaluated separately for each class of loans and risk weighted based on its individual characteristics. ● For SBA 7(a) and commercial loans, the estimate of loss based on pools of loans with similar characteristics is made through the use of a standardized loan grading system that is applied on an individual loan level and updated on a continuous basis. The loan grading system incorporates reviews of the financial performance of the borrower, including cash flow, debt-service coverage ratio, earnings power, debt level and equity position, in conjunction with an assessment of the borrower’s industry and future prospects. It also incorporates analysis of the type of collateral and the relative loan to value ratio. ● For residential mortgage, consumer, and residential construction loans, the estimate of loss is based on pools of loans with similar characteristics. Factors such as credit score, delinquency status and type of collateral are evaluated. Factors are updated frequently to capture the recent behavioral characteristics of the subject portfolios, as well as any changes in loss mitigation or credit origination strategies, and adjustments to the reserve factors are made as needed. According to the Company’s policy, a loss (“charge-off”) is to be recognized and charged to the allowance for loan losses as soon as a loan is recognized as uncollectable. All credits which are 90 days past due must be analyzed for the Company’s ability to collect on the credit. Once a loss is known to exist, the charge-off approval process is immediately expedited. This charge-off policy is followed for all loan types. The allocated allowance is the total of identified specific and general reserves by loan category. The allocation is not necessarily indicative of the categories in which future losses may occur. The total allowance is available to absorb losses from any segment of the portfolio. The following tables detail the activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,686 ​ $ 15,011 ​ $ 4,604 ​ $ 601 ​ $ 899 ​ $ 22,801 Charge-offs ​ (145) ​ (158) ​ — ​ (3) ​ — ​ (306) Recoveries ​ — ​ — ​ 42 ​ — ​ — ​ 42 Net (charge-offs) recoveries ​ (145) ​ (158) ​ 42 ​ (3) ​ — ​ (264) Provision for (credit to) loan losses charged to expense ​ (763) ​ 983 ​ (540) ​ 151 ​ 169 ​ — Balance, end of period ​ $ 778 ​ $ 15,836 ​ $ 4,106 ​ $ 749 ​ $ 1,068 ​ $ 22,537 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2020 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,004 ​ $ 12,336 ​ $ 5,439 ​ $ 611 ​ $ 844 ​ $ 20,234 Charge-offs ​ (1) ​ — ​ — ​ — ​ — ​ (1) Recoveries ​ 3 ​ 1 ​ — ​ — ​ — ​ 4 Net recoveries ​ 2 ​ 1 ​ — ​ — ​ — ​ 3 Provision for loan losses charged to expense ​ 388 ​ 963 ​ 485 ​ 66 ​ 98 ​ 2,000 Balance, end of period ​ $ 1,394 ​ $ 13,300 ​ $ 5,924 ​ $ 677 ​ $ 942 ​ $ 22,237 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,301 ​ $ 14,992 ​ $ 5,318 ​ $ 681 ​ $ 813 ​ $ 23,105 Charge-offs ​ (591) ​ (551) ​ — ​ (4) ​ — ​ (1,146) Recoveries ​ 34 ​ 2 ​ 42 ​ — ​ — ​ 78 Net (charge-offs) recoveries ​ (557) ​ (549) ​ 42 ​ (4) ​ — ​ (1,068) Provision for (credit to) loan losses charged to expense ​ 34 ​ 1,393 ​ (1,254) ​ 72 ​ 255 ​ 500 Balance, end of period ​ $ 778 ​ $ 15,836 ​ $ 4,106 ​ $ 749 ​ $ 1,068 ​ $ 22,537 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2020 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,079 ​ $ 9,722 ​ $ 4,254 ​ $ 681 ​ $ 659 ​ $ 16,395 Charge-offs ​ (27) ​ (518) ​ (200) ​ — ​ — ​ (745) Recoveries ​ 83 ​ 504 ​ — ​ — ​ — ​ 587 Net (charge-offs) recoveries ​ 56 ​ (14) ​ (200) ​ — ​ — ​ (158) Provision for (credit to) loan losses charged to expense ​ 259 ​ 3,592 ​ 1,870 ​ (4) ​ 283 ​ 6,000 Balance, end of period ​ $ 1,394 ​ $ 13,300 ​ $ 5,924 ​ $ 677 ​ $ 942 ​ $ 22,237 ​ ​ The following tables present loans and their related allowance for loan losses, by portfolio segment, as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ ​ Total Allowance for loan losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 161 ​ $ 2,811 ​ $ 30 ​ $ 137 ​ $ — ​ ​ $ 3,139 Collectively evaluated for impairment ​ 617 ​ 13,025 ​ 4,076 ​ 612 ​ 1,068 ​ ​ 19,398 Total ​ $ 778 ​ $ 15,836 ​ $ 4,106 ​ $ 749 ​ $ 1,068 ​ ​ $ 22,537 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 520 ​ $ 4,568 ​ $ 2,626 ​ $ 427 ​ $ 2,637 ​ ​ $ 10,778 Collectively evaluated for impairment ​ 119,373 ​ 919,469 ​ 418,209 ​ 70,644 ​ 106,288 ​ ​ 1,633,983 Total ​ $ 119,893 ​ $ 924,037 ​ $ 420,835 ​ $ 71,071 ​ $ 108,925 ​ ​ $ 1,644,761 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ ​ Total Allowance for loan losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 324 ​ $ 3,682 ​ $ 101 ​ $ — ​ $ — ​ ​ $ 4,107 Collectively evaluated for impairment ​ 977 ​ 11,310 ​ 5,217 ​ 681 ​ 813 ​ ​ 18,998 Total ​ $ 1,301 ​ $ 14,992 ​ $ 5,318 ​ $ 681 ​ $ 813 ​ ​ $ 23,105 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 2,102 ​ $ 5,702 ​ $ 5,217 ​ $ 1,295 ​ $ 1,750 ​ ​ $ 16,066 Collectively evaluated for impairment ​ 155,742 ​ 834,086 ​ 462,369 ​ 64,805 ​ 85,414 ​ ​ 1,602,416 Total ​ $ 157,844 ​ $ 839,788 ​ $ 467,586 ​ $ 66,100 ​ $ 87,164 ​ ​ $ 1,618,482 ​ Changes in Methodology The Company did not make any changes to its allowance for loan losses methodology in the current period. Reserve for Unfunded Loan Commitments In addition to the allowance for loan losses, the Company maintains a reserve for unfunded loan commitments at a level that management believes is adequate to absorb estimated probable losses. Adjustments to the reserve are made through other expense and applied to the reserve which is classified as other liabilities. At September 30, 2021, a $358 thousand commitment reserve was reported on the balance sheet as an “other liability”, compared to a $288 thousand commitment reserve at December 31, 2020, due to a larger loan portfolio requiring a larger general reserve.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2021
New Accounting Pronouncements and Changes in Accounting Principles
New Accounting Pronouncements	NOTE 10. New Accounting Pronouncements ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." ASU 2016-13 was issued to replace the incurred loss impairment methodology in current GAAP with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost will be presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit impaired loans will receive an allowance account at the acquisition date that represents a component of the purchase price allocation. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses, with such allowance limited to the amount by which fair value is below amortized cost. In May 2019, FASB issued ASU 2019-05, "Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief." ASU 2019-05 was issued to address concerns with the adoption of ASU 2016-13. ASU 2019-05 gives entities the ability to irrevocable elect the fair value option in Subtopic 825-10 for certain existing financial assets upon transition to ASU 2016-03. Financial assets that are eligible for this fair value election are those that qualify under Subtopic 825-10 and are within the scope of Subtopic 326-10, "Financial Instruments - Credit Losses - Measured at Amortized Costs." An exception to this is held-to-maturity debt securities, which do not qualify for this transition election. The effective date for the amendment is the same as the effective date in ASU 2016-03. In November 2019, FASB issued ASU 2019-10, "Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates." ASU 2019-10 was issued to defer the effective dates for certain guidance in its Accounting Standard Codification ("ASC") for certain entities. The amendments in this update amend the mandatory effective dates for ASC 326, "Financial Instruments - Credit Losses", for entities eligible to be smaller reporting companies as defined by the SEC for fiscal years beginning after December 15, 2022, including interim reporting periods within that reporting period. The Company is currently evaluating the impact of the adoption of ASU 2016-13 on its consolidated financial statements. In November 2019, FASB issued ASU 2019-11, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses." ASU 2019-11 was issued to address issues raise by stakeholders during the implementation of ASU 2016-13. ASU 2019-11 provides transition relief when adjusting the effective interest rate for troubled debt restructurings ("TDRs") that exist as of the adoption date, extends the disclosure relief in ASU 2019-04 to disclose accrued interest receivable balances separately from the amortized cost basis to additional disclosures involving amortized cost basis, and provides clarification regarding application of the guidance in paragraph 326-20-35-6 for financial assets secured by collateral maintenance provisions that provides a practical expedient to measure the estimate of expected credit losses by comparing the amortized cost basis of a financial asset and the fair value of collateral securing the financial asset as of the reporting date. The effective date and transition requirements for the amendment are the same as the effective date and transition requirements in ASU 2016-13. ASU 2019- 12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." ASU 2019-12 removes the exception to the incremental approach for intraperiod tax allocation when there is a loss from continuing operations and income or a gain from other items and removes the exception to the interim period income tax accounting when a year-to-date loss exceeds the anticipated loss for the year. ASU 2019-12 also simplifies the accounting for income taxes by requiring that an entity recognize a franchise tax that is partially based on income as an income-based tax, that an entity evaluate when a step up in the tax basis of goodwill should be considered part of the business combination in which the book goodwill originally was recognized, and that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. For public business entities, ASU 2019-12 is effective for interim and annual periods beginning after December 15, 2020. The Company adopted this standard as of January 1, 2021. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. ASU 2020-01, "Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the Emerging Issues Task Force)." ASU 2020-01 clarifies that the observable price changes in orderly transactions that should be considered when applying the measurement alternative in accordance with ASC 321 include transactions that require it to either apply or discontinue the equity method of accounting under ASC 323. ASU 2020-01 also addresses questions about how to apply the guidance in Topic 815, “Derivatives and Hedging,” for certain forward contracts and purchased options to purchase securities that, upon settlement or exercise, would be accounted for under the equity method of accounting. The ASU clarifies that, for the purpose of applying ASC 815-10-15- 141(a), an entity should not consider whether, upon the settlement of the forward contract or exercise of the purchased option, the underlying securities would be accounted for under the equity method in ASC 323 or the fair value option in accordance with the financial instruments guidance in Topic 825, “Financial Instruments.” For public business entities, ASU 2020-01 is effective for interim and annual periods beginning after December 15, 2020. The Company adopted this standard as of January 1, 2021. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. ASU 2020- 03, "Codification Improvement to Financial Instruments." ASU 2020-03 clarifies that all entities are required to provide the fair value option disclosures in paragraphs 825-10-50-24 through 50-32 of the FASB’s Accounting Standards Codification (ASC). ASU 2020-03 also clarifies that the contractual term of a net investment in a lease determined in accordance with ASC 842, “Leases,” should be the contractual term used to measure expected credit losses under ASC 326, “Financial Instruments – Credit Losses.” ASU 2020-03 also addresses amendments to ASC 860-20, “Transfers and Servicing – Sales of Financial Assets,” clarifying that when an entity regains control of financial assets sold, an allowance for credit losses should be recorded in accordance with ASC 326. The effective date and transition requirements for the amendment are the same as the effective date and transition requirements in ASU 2016-13. The Company is currently evaluating the impact of the adoption of ASU 2020-03 on its consolidated financial statements. ASU 2020- 04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASU 2020-04 provides temporary optional guidance intended to ease the burden of reference rate reform on financial reporting. The guidance provides optional expedients and exceptions for applying existing guidance to contract modifications, hedging relationships and other transactions that are expected to be affected by reference rate reform and meet certain scope guidance. ASU 2020-04 provides various optional expedients, including the following, for hedging relationships affected by reference rate reform, if certain criteria are met: ● An entity can change certain critical terms of the hedging instrument or hedged item or transaction without having to dedesignate the relationship. ● For fair value hedging relationships in which the designated interest rate is LIBOR or another rate that is expected to be discontinued, an entity may change the hedged risk to another permitted benchmark rate without dedesignating the relationship. ● For cash flow hedging relationships in which the designated hedged risk is LIBOR or another rate that is expected to be discontinued, an entity may assert that the occurrence of the hedged forecasted transaction remains probable. ● Certain qualifying conditions for the shortcut method and other methods that assume perfect effectiveness may be disregarded. In addition, ASU 2020-04 permits an entity to make a one-time election to sell, transfer, or both sell and transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform and that were classified as held to maturity before January 1, 2020. ASU 2020-04 was effective upon its issuance on March 12, 2020. However, it cannot be applied to contract modifications that occur after December 31, 2022. With certain exceptions, the ASU also cannot be applied to hedging relationships entered into or evaluated after that date. The Company is currently evaluating the various optional expedients as well as impact of the adoption of ASU 2020-04 on its consolidated financial statements. ​ ASU 2020-06, “Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity.” ASU 2020-06 was issued to address the complexities of guidance for certain financial instruments with characteristics of liabilities and equity, including: ● Removing the accounting models that require beneficial conversion features or cash conversion features associated with convertible instruments to be recognized as a separate component of equity. ● Adding certain disclosure requirements for convertible instruments. ● Amending the guidance for the derivatives scope exception for contracts in an entity’s own equity. ● Simplifying the diluted earnings per share calculation for certain situations. For public business entities, ASU 2020-06 is effective for interim and annual periods beginning after December 15, 2021. The Company is currently evaluating the impact of the adoption of ASU 2020-06 on its consolidated financial statements. ​ ASU 2021-01, “Reference Rate Reform (Topic 848): Scope.” ASU 2021-01 was issued to clarify certain optional expedients and exceptions in ASC 848 for contract modifications and hedge accounting applied to derivatives that are affected by the discounting transition. In addition, the ASU clarifies that a receive-variable-rate, pay-variable-rate cross-currency interest rate swap may be considered eligible as a hedging instrument in a net investment hedge if both legs of the swap do not have the same repricing intervals and dates as a result of the reference rate reform. ASU 2021-01 became effective January 7, 2021. The Company currently uses the shortcut method as the practical expedient. ​

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure
Derivative Financial Instruments and Hedging Activities	NOTE 11. Derivative Financial Instruments and Hedging Activities Derivative Financial Instruments The Company has derivative financial instruments in the form of interest rate swap agreements, which derive their value from underlying interest rates. These transactions involve both credit and market risk. The notional amounts are amounts on which calculations, payments, and the value of the derivatives are based. Notional amounts do not represent direct credit exposures. Direct credit exposure is limited to the net difference between the calculated amounts to be received and paid, if any. Such difference, which represents the fair value of the derivative instrument, is reflected on the Company’s balance sheet as other assets or other liabilities. The Company is exposed to credit-related losses in the event of nonperformance by the counterparties to any derivative agreement. The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and does not expect any counterparties to fail their obligations. The Company deals only with primary dealers. Derivative instruments are generally either negotiated OTC contracts or standardized contracts executed on a recognized exchange. Negotiated OTC derivative contracts are generally entered into between two counterparties that negotiate specific agreement terms, including the underlying instrument, amount, exercise prices and maturity. Risk Management Policies – Hedging Instruments The primary focus of the Company’s asset/liability management program is to monitor the sensitivity of the Company’s net portfolio value and net income under varying interest rate scenarios to take steps to control its risks. On a quarterly basis, the Company evaluates the effectiveness of entering into any derivative agreement by measuring the cost of such an agreement in relation to the reduction in net portfolio value and net income volatility within an assumed range of interest rates. Interest Rate Risk Management – Cash Flow Hedging Instruments The Company has variable rate debt as a source of funds for use in the Company’s lending and investment activities and for other general business purposes. These debt obligations expose the Company to variability in interest payments due to changes in interest rates. If interest rates increase, interest expense increases. Conversely, if interest rates decrease, interest expense decreases. Management believes it is prudent to limit the variability of a portion of its interest payments and, therefore hedges its variable-rate interest payments. To meet this objective, management enters into interest rate swap agreements whereby the Company receives variable interest rate payments and makes fixed interest rate payments during the contract period. At September 30, 2021, the Company had 2 interest rate swaps designed as cash flow hedging instruments with notional amounts totaling $40.0 million, compared to 5 with notional amounts totaling $80.0 million at December 31, 2020. At September 30, 2021, the Company had $1.3 million in cash collateral pledged for these derivatives which was included in cash and due from banks, compared to $1.5 million at December 31, 2020. A summary of the Company’s outstanding interest rate swap agreements used to hedge variable rate debt at September 30, 2021 and December 31, 2020, respectively is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except percentages and years) September 30, 2021 December 31, 2020 Notional amount ​ $ 40,000 ​ $ 80,000 ​ Fair value ​ $ (115) ​ $ (1,026) ​ Weighted average pay rate ​ 1.05 % 1.19 % Weighted average receive rate ​ 0.18 % 0.89 % Weighted average maturity in years ​ 1.88 ​ 2.20 ​ Number of contracts ​ 2 ​ 5 ​ ​ During the three and nine months ended September 30, 2021, the Company received variable rate London Interbank Offered Rate ("LIBOR") payments from and paid fixed rates in accordance with its interest rate swap agreements. At September 30, 2021, the unrealized loss relating to interest rate swaps was recorded as a derivative liability. Changes in the fair value of the interest rate swaps designated as hedging instruments of the variability of cash flows associated with long-term debt are reported in other comprehensive income. The following table presents the net gains and losses recorded in other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments at September 30, 2021 and 2020, respectively: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 ​ 2021 2020 ​ Gain (loss) recognized in OCI on derivatives ​ $ 62 ​ $ 157 ​ $ 654 ​ $ (1,088) ​ ​

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2021
Employee Benefit Plans
Employee Benefit Plans	NOTE 12. Employee Benefit Plans Stock Option Plans The Company has incentive and nonqualified option plans, which allow for the grant of options to officers, employees and members of the Board of Directors. Grants under the Company’s incentive and nonqualified option plans generally vest over 3 years and must be exercised within 10 years of the date of grant. Transactions under the Company’s stock option plans for the nine months ended September 30, 2021 are summarized in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Weighted ​ average ​ ​ ​ ​ ​ ​ ​ average ​ remaining ​ Aggregate ​ ​ ​ ​ exercise ​ contractual ​ intrinsic ​ ​ Shares ​ price ​ life in years ​ value Outstanding at December 31, 2020 672,800 ​ $ 16.42 6.8 ​ $ 1,952,568 Options granted 89,000 ​ 19.21 ​ ​ ​ Options exercised (60,467) ​ 7.36 ​ ​ ​ Options forfeited (2,000) ​ 18.64 ​ ​ ​ Options expired — ​ — ​ ​ ​ Outstanding at September 30, 2021 699,333 ​ $ 17.55 6.9 ​ $ 4,091,753 Exercisable at September 30, 2021 ​ 423,179 ​ $ 16.04 5.7 ​ $ 3,113,588 ​ On April 25, 2019, the Company adopted the 2019 Equity Compensation Plan providing for grants of up to 500,000 shares to be allocated between incentive and non-qualified stock options, restricted stock awards, performance units and deferred stock. The Plan replaced all previously approved and established equity plans then currently in effect. As of September 30, 2021, 281,500 options and 91,150 shares of restricted stock have been awarded from the plan. In addition, The fair values of the options granted during the three and nine months ended September 30, 2021 and 2020 were estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions. There were ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, ​ ​ ​ 2021 2020 ​ Number of options granted ​ ​ 89,000 ​ 101,000 ​ Weighted average exercise price ​ $ 19.21 ​ $ 20.39 ​ Weighted average fair value of options ​ $ 7.72 ​ $ 5.54 ​ Expected life in years (1) ​ 8.38 ​ 8.66 ​ Expected volatility (2) ​ 43.69 % 27.13 % Risk-free interest rate (3) ​ 1.14 % 1.55 % Dividend yield (4) ​ 1.68 % 1.61 % ​ (1) The expected life of the options was estimated based on historical employee behavior and represents the period of time that options granted are expected to be outstanding. (2) The expected volatility of the Company’s stock price was based on the historical volatility over the period commensurate with the expected life of the options. (3) The risk-free interest rate is the U.S. Treasury rate commensurate with the expected life of the options on the date of grant. (4) The expected dividend yield is the projected annual yield based on the grant date stock price. Upon exercise, the Company issues shares from its authorized but unissued common stock to satisfy the options. The following table presents information about options exercised during the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ ​ 2021 2020 2021 2020 ​ Number of options exercised ​ 23,869 ​ — ​ ​ 60,467 ​ 54,611 ​ Total intrinsic value of options exercised ​ $ 358,798 ​ $ — ​ $ 876,580 ​ $ 475,222 ​ Cash received from options exercised ​ $ 177,362 ​ $ — ​ $ 444,988 ​ $ 395,518 ​ Tax deduction realized from options ​ $ 66,291 ​ $ — ​ $ 178,904 ​ $ 139,216 ​ ​ The following table summarizes information about stock options outstanding and exercisable at September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding ​ Options exercisable ​ ​ ​ Weighted average Weighted ​ Weighted ​ ​ Options ​ remaining contractual ​ average ​ Options ​ average Range of exercise prices ​ outstanding ​ life (in years) ​ exercise price ​ exercisable ​ exercise price $6.01 - $12.00 135,800 3.6 ​ 8.85 135,800 ​ 8.85 $12.01 - $18.00 130,533 7.4 ​ 16.40 67,201 ​ 15.75 $18.01 - $24.00 433,000 7.8 ​ 20.62 220,178 ​ 20.57 Total 699,333 6.9 ​ $ 17.55 423,179 ​ $ 16.04 ​ Financial Accounting Standards Board Accounting Standards Codification ("FASB ASC") Topic 718, “Compensation - Stock Compensation,” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ ​ 2021 2020 ​ 2021 2020 ​ Compensation expense ​ $ 221,092 ​ $ 185,408 ​ $ 651,239 ​ $ 558,682 ​ Income tax benefit ​ $ 63,896 ​ $ 53,583 ​ $ 188,208 ​ $ 161,459 ​ ​ As of September 30, 2021, unrecognized compensation costs related to nonvested share-based compensation arrangements granted under the Company’s stock option plans totaled approximately $1.2 million. That cost is expected to be recognized over a weighted average period of 1.9 years. Restricted Stock Awards Restricted stock is issued under the 2019 Equity Compensation Plan to reward employees and directors and to retain them by distributing stock over a period of time. Restricted stock awards granted to date vest over a period of 4 years and are recognized as compensation to the recipient over the vesting period. The awards are recorded at fair market value at the time of grant and amortized into salary expense on a straight line basis over the vesting period. The following table summarizes nonvested restricted stock activity for the nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ Average grant ​ ​ Shares ​ date fair value Nonvested restricted stock at December 31, 2020 87,972 ​ $ 19.26 Granted 48,000 ​ 20.46 Cancelled (1,500) ​ 15.09 Vested (28,758) ​ 18.79 Nonvested restricted stock at September 30, 2021 105,714 ​ $ 19.99 ​ Restricted stock awards granted during the three and nine months ended September 30, 2021 and 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ 2021 2020 ​ 2021 2020 Number of shares granted ​ 8,000 ​ 2,000 ​ ​ 48,000 ​ 17,000 Average grant date fair value ​ $ 22.82 ​ $ 13.01 ​ $ 20.46 ​ $ 16.20 ​ Compensation expense related to restricted stock for the three and nine months ended September 30, 2021 and 2020 is detailed in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ ​ 2021 2020 ​ 2021 2020 ​ Compensation expense ​ $ 184,189 ​ $ 166,331 ​ $ 537,939 ​ $ 500,409 ​ Income tax benefit ​ $ 53,231 ​ $ 48,069 ​ $ 155,464 ​ $ 144,618 ​ ​ As of September 30, 2021, there was approximately $1.5 million of unrecognized compensation cost related to nonvested restricted stock awards granted under the Company’s stock incentive plans. That cost is expected to be recognized over a weighted average period of 2.7 years. 401(k) Savings Plan The Bank has a 401(k) savings plan covering substantially all employees. Under the Plan, an employee can contribute up to 75 percent of their salary on a tax deferred basis. The Bank may also make discretionary contributions to the Plan. The Bank contributed $158 thousand and $154 thousand to the Plan during the three months ended September 30, 2021 and 2020, respectively, and $618 thousand and $524 thousand during the nine months ended September 30, 2021 and 2020, respectively. Deferred Compensation Plan The Company has a deferred fee plan for Directors and eligible management. Directors of the Company have the option to elect to defer up to 100 percent of their respective retainer and Board of Director fees, and each eligible member of management has the option to elect to defer up to 100 percent of their total compensation. Benefit Plans In addition to the 401(k) savings plan which covers substantially all employees, in 2015 the Company established an unfunded supplemental defined benefit plan to provide additional retirement benefits for the President and Chief Executive Officer (“CEO”) and unfunded, non-qualified deferred retirement plans for certain other key executives. On June 4, 2015, the Company approved the Supplemental Executive Retirement Plan (“SERP”) pursuant to which the President and CEO is entitled to receive certain supplemental nonqualified retirement benefits. The retirement benefit under the SERP is an amount equal to sixty percent ( 60% ) of the average of the President and CEO’s base salary for the thirty-six (36) months immediately preceding the executive’s separation from service after age 66, adjusted annually thereafter by a percentage equal to the Consumer Price Index as reported by the U.S. Bureau of Labor Statistics for All Urban Consumers (CPI-U). The total benefit is to be made payable in fifteen annual installments. The future payments are estimated to total $6.4 million. A discount rate of four percent ( 4% ) was used to calculate the present value of the benefit obligation. The President and CEO commenced vesting in this retirement benefit on January 1, 2014, and vests an additional three percent (3%) each year until fully vested on January 1, 2024. In the event that the President and CEO’s separation from service from the Company were to occur prior to full vesting, the President and CEO would be entitled to and shall be paid the vested portion of the retirement benefit calculated as of the date of separation from service. Notwithstanding the foregoing, upon a Change in Control, and provided that within 6 months following the Change in Control the President and CEO is involuntarily terminated for reasons other than “cause” or the President and CEO resigns for “good reason,” as such is defined in the SERP, or the President and CEO voluntarily terminates his employment after being offered continued employment in a position that is not a “Comparable Position,” as such is also defined in the SERP, the President and CEO shall become one hundred percent (100%) vested in the full retirement benefit. No contributions or payments have been made during the three and nine months ended September 30, 2021. The following table summarizes the components of the net periodic pension cost of the defined benefit plan recognized during the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 ​ 2021 2020 ​ Service cost (1) ​ $ 18 ​ $ 32 ​ $ (51) ​ $ 95 ​ Interest cost ​ 38 ​ 37 ​ 107 ​ 111 ​ Amortization of prior service cost (2) ​ — ​ 20 ​ 332 ​ 62 ​ Net periodic benefit cost ​ $ 56 ​ $ 89 ​ $ 388 ​ $ 268 ​ ​ (1) Reduction in service cost totaling $137 thousand to be recognized over one year due to the recalculation of the President and CEO’s salary projection. (2) Prior service cost fully amortized as of June 30, 2021 ​ The following table summarizes the changes in benefit obligations of the defined benefit plan during the nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 ​ Benefit obligation, beginning of year ​ $ 3,845 ​ $ 3,571 ​ Service cost (1) ​ (51) ​ 95 ​ Interest cost ​ 107 ​ 111 ​ Benefit obligation, end of period ​ $ 3,901 ​ $ 3,777 ​ ​ (1) Reduction in service cost totaling $137 thousand to be recognized over one year due to the recalculation of the President and CEO’s salary projection. On October 22, 2015, the Company entered into an Executive Incentive Retirement Plan (the “Plan”) with certain key executive officers other than the President and CEO. The Plan has an effective date of January 1, 2015. The Plan is an unfunded, nonqualified deferred compensation plan. For any Plan Year, a guaranteed annual Deferral Award percentage of seven and one half percent (7.5%) of the participant’s annual base salary will be credited to each Participant’s Deferred Benefit Account. A discretionary annual Deferral Award equal to seven and one half percent (7.5%) of the participant’s annual base salary may be credited to the Participant’s account in addition to the guaranteed Deferral Award, if the Bank exceeds the benchmarks set forth in the Annual Executive Bonus Matrix. The total Deferral Award shall never exceed fifteen percent (15%) of the participant’s base salary for any given Plan Year. Each Participant shall be one hundred percent (100%) vested in all Deferral Awards as of the date they are awarded. As of September 30, 2021, the Company had total year to date expenses of $84 thousand related to the Plan. The Plan is reflected on the Company’s balance sheet as accrued expenses. Certain members of management are also enrolled in a split-dollar life insurance plan with a post retirement death benefit of $250 thousand. Total expenses related to this plan were $1 thousand for the three months ended September 30, 2021 and 2020, and $4 thousand for the nine months ended September 30, 2021 and 2020, respectively.

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2021
Regulatory Capital
Regulatory Capital	NOTE 13. Regulatory Capital On September 17, 2019, the federal banking agencies issued a final rule providing simplified capital requirements for certain community banking organizations (banks and holding companies) with less than $10 billion in total consolidated assets, implementing provisions of The Economic Growth, Regulatory Relief, and Consumer Protection Act (“EGRRCPA”). Under the proposal, a qualifying community banking organization would be eligible to elect the community bank leverage ratio framework, or continue to measure capital under the existing Basel III requirements. The new rule was effective beginning January 1, 2020, and qualifying community banking organizations may elect to opt into the new community bank leverage ratio (“CBLR”) in their call report beginning in the first quarter of 2020. A qualifying community banking organization (“QCBO”) is defined as a bank, a savings association, a bank holding company or a savings and loan holding company with: ● A leverage capital ratio of greater than 9.0%; ● Total consolidated assets of less than $10.0 billion; ● Total off-balance sheet exposures (excluding derivatives other than credit derivatives and unconditionally cancelable commitments) of 25% or less of total consolidated assets; and ● Total trading assets and trading liabilities of 5% or less of total consolidated assets. ​ On April 6, 2020, the federal banking regulators implemented the applicable provisions of the CARES Act, which modified the CBLR framework so that: (i) beginning in the second quarter 2020 and until the end of 2020, a banking organization that has a leverage ratio of 8% or greater and meets certain other criteria may elect to use the CBLR framework; and (ii) community banking organizations will have until January 1, 2022, before the CBLR requirement is re-established at greater than 9%. Under the interim rules, the minimum CBLR was 8% beginning in the second quarter and for the remainder of calendar year 2020, and is 8.5% for calendar year 2021, and 9% thereafter. The numerator of the CBLR is Tier 1 capital, as calculated under the Basel III rules. The denominator of the CBLR is the QCBO’s average assets, calculated in accordance with the QCBO’s Call Report instructions less assets deducted from Tier 1 capital. The Bank has opted into the CBLR, and is therefore not required to comply with the Basel III capital requirements. The following table shows the CBLR ratio for the Company and the Bank at September 30, 2021 and at December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2021 ​ ​ At December 31, 2020 ​ ​ Company Bank Company Bank CBLR 10.70 % 10.23 % 10.09 % 9.80 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Leases

Leases	9 Months Ended
	Sep. 30, 2021
Leases
Leases	NOTE 14. Leases The Company follows ASU 2016-02, "Leases (Topic 842)," Operating leases in which the Bank is the lessee are recorded as right-of-use ("ROU") assets and lease liabilities and are included in Prepaid expenses and other assets and Accrued expenses and other liabilities, respectively, on the Bank’s Consolidated Balance Sheets. The Bank does not currently have any finance leases in which it is the lessee. Operating lease ROU assets represent the Bank’s right to use an underlying asset during the lease term and operating lease liabilities represent its obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate. The incremental borrowing rate was calculated for each lease by taking a variable rate FHLB ARC product (based on Libor plus a spread) and then swapping it to a fixed rate borrowing by adding a fixed mid swap rate for the desired term. The borrowing rate for each lease is unique based on the lease term. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in Occupancy expense in the Consolidated Statements of Income. The Bank’s leases relate primarily to bank branches, office space and equipment with remaining lease terms of generally 1 to 10 years. Certain lease arrangements contain extension options which typically range from 1 to 5 years at the then fair market rental rates. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term. Certain real estate leases have lease payments that adjust based on annual changes in the Consumer Price Index ("CPI"). The leases that are dependent upon CPI are initially measured using the index or rate at the commencement date and are included in the measurement of the lease liability. Operating lease ROU assets totaled $3.8 million at September 30, 2021, compared to $2.4 million at December 31, 2020. As of September 30, 2021, operating lease liabilities totaled $3.9 million, compared to $2.4 million at December 31, 2020. The table below summarizes our net lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ Operating lease cost ​ $ 155 ​ $ 148 ​ $ 452 ​ $ 443 ​ Net lease cost ​ $ 155 ​ $ 148 ​ $ 452 ​ $ 443 ​ ​ The table below summarizes the cash and non-cash activities associated with our leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 152 ​ $ 142 ​ $ 442 ​ $ 426 ​ ROU assets obtained in exchange for new operating lease liabilities ​ $ 1,803 ​ $ 28 ​ $ 1,803 ​ $ 28 ​ ​ The table below summarizes other information related to our operating leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except percentages and years) September 30, 2021 December 31, 2020 Weighted average remaining lease term in years ​ 9.95 ​ ​ 5.96 ​ Weighted average discount rate ​ 3.59 % ​ 5.45 % Operating lease right-of-use assets ​ $ 3,805 ​ $ 2,365 ​ ​ The table below summarizes the maturity of remaining lease liabilities: ​ ​ ​ ​ ​ (In thousands) September 30, 2021 2021 (excluding the nine months ended September 30, 2021) ​ $ 157 2022 ​ 607 2023 ​ 541 2024 ​ 492 2025 ​ 501 2026 and thereafter ​ 2,099 Total lease payments ​ $ 4,397 Less: Interest ​ (529) Present value of lease liabilities ​ $ 3,868 ​ As of September 30, 2021, the Company had not entered into any material leases that have not yet commenced.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Significant Accounting Policies
Overview	The accompanying Consolidated Financial Statements include the accounts of Unity Bancorp, Inc. (the "Parent Company") and its wholly-owned subsidiary, Unity Bank (the "Bank" or when consolidated with the Parent Company, the "Company"), and reflect all adjustments and disclosures which are generally routine and recurring in nature, and in the opinion of management, necessary for a fair presentation of interim results. The Bank has multiple subsidiaries used to hold part of its investment and loan portfolios. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior period amounts to conform to the current year presentation, with no impact on current earnings or shareholders’ equity. The financial information has been prepared in accordance with U.S. generally accepted accounting principles and has not been audited. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting periods. Actual results could differ from those estimates. Amounts requiring the use of significant estimates include the allowance for loan losses, valuation of deferred tax and servicing assets, the carrying value of loans held for sale and other real estate owned, the valuation of securities and the determination of other-than-temporary impairment for securities and fair value disclosures. Management believes that the allowance for loan losses is adequate. While management uses available information to recognize losses on loans, future additions to the allowance for loan losses may be necessary based on changes in economic conditions. The markets served by the Company were significantly impacted by the COVID-19 pandemic, which started during the first quarter of 2020. The Company continues to assess the financial impact of the COVID-19 pandemic. The interim unaudited Consolidated Financial Statements included herein have been prepared in accordance with instructions for Form 10-Q and the rules and regulations of the Securities and Exchange Commission (“SEC”) and consist of normal recurring adjustments necessary for the fair presentation of interim results. The results of operations for the nine months ended September 30, 2021 are not necessarily indicative of the results which may be expected for the entire year. As used in this Form 10-Q, “we” and “us” and “our” refer to Unity Bancorp, Inc., and its consolidated subsidiary, Unity Bank, depending on the context. Certain information and financial disclosures required by U.S. generally accepted accounting principles have been condensed or omitted from interim reporting pursuant to SEC rules. Interim financial statements should be read in conjunction with the Company’s Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Risks and Uncertainties	Risks and Uncertainties On March 11, 2020, the World Health Organization declared the outbreak of COVID-19 a global pandemic. The COVID-19 pandemic has adversely affected local, national and global economic activity. Actions taken to help mitigate the spread of COVID-19 included restrictions on travel, localized quarantines, and government-mandated closures of certain businesses. The spread of the outbreak caused significant disruptions to the U.S. economy and disrupted banking and other financial activity in the areas in which the Company operates. On March 3, 2020, the Federal Open Market Committee reduced the targeted federal funds interest rate range by 50 basis points to 1.00 percent to 1.25 percent. This range was further reduced to 0 percent to 0.25 percent on March 16, 2020. On March 27, 2020, the Coronavirus Aid Relief, and Economic Security Act (“CARES Act”) was enacted to, among other things, provide emergency assistance for individuals, families and businesses affected by the COVID-19 pandemic. These reductions in interest rates and other effects of the COVID-19 pandemic may materially and adversely affect the Company’s financial condition and results of operations in future periods. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial effect will be to the Company. It is possible that estimates made in the financial statements could be materially and adversely impacted as a result of these conditions. On July 27, 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will no longer persuade or compel banks to submit rates for the calculation of LIBOR to the LIBOR administration after 2021. The announcement also indicates that the continuation of LIBOR on the current basis cannot and will not be guaranteed after 2021. Consequently, at this time, it is not possible to predict whether and to what extent banks will continue to provide LIBOR submissions to the LIBOR administrator or whether any additional reforms to LIBOR may be enacted in the United Kingdom or elsewhere. Similarly, it is not possible to predict whether LIBOR will continue to be viewed as an acceptable benchmark for certain loans and liabilities including our subordinated debentures, what rate or rates may become accepted alternatives to LIBOR or the effect of any changes in views or alternatives on the values of the loans and liabilities, whose interest rates are tied to LIBOR. Uncertainty as to the nature of such potential changes, alternative reference rates, the elimination or replacement of LIBOR, or other reforms may adversely affect the value of, and the return on our loans, and our investment securities.
Other-Than-Temporary Impairment	Other-Than-Temporary Impairment The Company has a process in place to identify securities that could potentially incur credit impairment that is other-than-temporary. This process involves monitoring late payments, pricing levels, downgrades by rating agencies, key financial ratios, financial statements, revenue forecasts and cash flow projections as indicators of credit issues. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concern warrants such evaluation. This evaluation considers relevant facts and circumstances in evaluating whether a credit or interest rate-related impairment of a security is other-than-temporary. Relevant facts and circumstances considered include: (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; (3) the financial position and access to capital of the issuer, including the current and future impact of any specific events and (4) for fixed maturity securities, the intent to sell a security or whether it is more likely than not the Company will be required to sell the security before the recovery of its amortized cost which, in some cases, may extend to maturity and for equity securities, our ability and intent to hold the security for a forecasted period of time that allows for the recovery in value. Management assesses its intent to sell or whether it is more likely than not that it will be required to sell a security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered other-than-temporarily impaired with no intent to sell and no requirement to sell prior to recovery of its amortized cost basis, the amount of the impairment is separated into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the security’s fair value and the present value of future expected cash flows is due to factors that are not credit related and is recognized in other comprehensive income. For debt securities where management has the intent to sell, the amount of the impairment is reflected in earnings as realized losses. The present value of expected future cash flows is determined using the best estimate cash flows discounted at the effective interest rate implicit to the security at the date of purchase or the current yield to accrete an asset-backed or floating rate security. The methodology and assumptions for establishing the best estimate cash flows vary depending on the type of security. The asset-backed securities cash flow estimates are based on bond specific facts and circumstances that may include collateral characteristics, expectations of delinquency and default rates, loss severity and prepayment speeds and structural support, including subordination and guarantees. The corporate bond cash flow estimates are derived from scenario-based outcomes of expected corporate restructurings or the disposition of assets using bond specific facts and circumstances including timing, security interests and loss severity.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Loans Held for Sale	Loans Held for Sale Loans held for sale represent the guaranteed portion of Small Business Administration (“SBA”) loans, other than loans originated under the Paycheck Protection Program, and are reflected at the lower of aggregate cost or market value. The Company originates loans to customers under an SBA program that historically has provided for SBA guarantees of up to 90 percent of each loan. The Company generally sells the guaranteed portion of its SBA loans to a third party and retains the servicing, holding the nonguaranteed portion in its portfolio. The net amount of loan origination fees on loans sold is included in the carrying value and in the gain or loss on the sale. When sales of SBA loans do occur, the premium received on the sale and the present value of future cash flows of the servicing assets are recognized in income. All criteria for sale accounting must be met in order for the loan sales to occur; see details under the “Transfers of Financial Assets” heading above. Servicing assets represent the estimated fair value of retained servicing rights, net of servicing costs, at the time loans are sold. Servicing assets are amortized in proportion to, and over the period of, estimated net servicing revenues. Impairment is evaluated based on stratifying the underlying financial assets by date of origination and term. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Any impairment, if temporary, would be reported as a valuation allowance. Serviced loans sold to others are not included in the accompanying Consolidated Balance Sheets. Income and fees collected for loan servicing are credited to noninterest income when earned, net of amortization on the related servicing assets.
Loans Held for Investment	Loans Held for Investment Loans held for investment are stated at the unpaid principal balance, net of unearned discounts and deferred loan origination fees and costs. In accordance with the level yield method, loan origination fees, net of direct loan origination costs, are deferred and recognized over the estimated life of the related loans as an adjustment to the loan yield. Interest is credited to operations primarily based upon the principal balance outstanding. Loans are reported as past due when either interest or principal is unpaid in the following circumstances: fixed payment loans when the borrower is in arrears for two or more monthly payments; open end credit for two or more billing cycles; and single payment notes if interest or principal remains unpaid for 30 days or more. Nonperforming loans consist of loans that are not accruing interest as a result of principal or interest being in default for a period of 90 days or more or when the ability to collect principal and interest according to the contractual terms is in doubt (nonaccrual loans). When a loan is classified as nonaccrual, interest accruals are discontinued and all past due interest previously recognized as income is reversed and charged against current period earnings. Generally, until the loan becomes current, any payments received from the borrower are applied to outstanding principal until such time as management determines that the financial condition of the borrower and other factors merit recognition of a portion of such payments as interest income. Loans may be returned to an accrual status when the ability to collect is reasonably assured and when the loan is brought current as to principal and interest. Loans are charged off when collection is sufficiently questionable and when the Company can no longer justify maintaining the loan as an asset on the balance sheet. Loans qualify for charge-off when, after thorough analysis, all possible sources of repayment are insufficient. These include: 1) potential future cash flows, 2) value of collateral, and/or 3) strength of co-makers and guarantors. All unsecured loans are charged off upon the establishment of the loan’s nonaccrual status. Additionally, all loans classified as a loss or that portion of the loan classified as a loss is charged off. All loan charge-offs are approved by the Board of Directors. Troubled debt restructurings ("TDRs") occur when a creditor, for economic or legal reasons related to a debtor’s financial condition, grants a concession to the debtor that it would not otherwise consider. These concessions typically include reductions in interest rate, extending the maturity of a loan, or a combination of both. Interest income on accruing TDRs is credited to operations primarily based upon the principal amount outstanding, as stated in the paragraphs above. The Company evaluates its loans for impairment. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Company has defined impaired loans to be all TDRs and nonperforming loans individually evaluated for impairment. Impairment is evaluated in total for smaller-balance loans of a similar nature (consumer and residential mortgage loans), and on an individual basis for all other loans. Impairment of a loan is measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, or as a practical expedient, based on a loan’s observable market price or the fair value of collateral, net of estimated costs to sell, if the loan is collateral-dependent. If the value of the impaired loan is less than the recorded investment in the loan, the Company establishes a valuation allowance, or adjusts existing valuation allowances, with a corresponding charge to the provision for loan losses. For additional information on loans, see Note 8 to the Consolidated Financial Statements and the section titled "Loan Portfolio" under Item 2. Management’s Discussion and Analysis.
Allowance for Loan Losses and Reserve for Unfunded Loan Commitments	Allowance for Loan Losses and Reserve for Unfunded Loan Commitments The allowance for loan losses is maintained at a level management considers adequate to provide for probable loan losses as of the balance sheet date. The allowance is increased by provisions charged to expense and is reduced by net charge-offs. The level of the allowance is based on management’s evaluation of probable losses in the loan portfolio, after consideration of prevailing economic conditions in the Company’s market area, the volume and composition of the loan portfolio, and historical loan loss experience. The allowance for loan losses consists of specific reserves for individually impaired credits and TDRs, reserves for nonimpaired loans based on historical loss factors and reserves based on general economic factors and other qualitative risk factors such as changes in delinquency trends, industry concentrations or local/national economic trends. This risk assessment process is performed at least quarterly, and, as adjustments become necessary, they are realized in the periods in which they become known. Although management attempts to maintain the allowance at a level deemed adequate to provide for probable losses, future additions to the allowance may be necessary based upon certain factors including changes in market conditions and underlying collateral values. In addition, various regulatory agencies periodically review the adequacy of the Company’s allowance for loan losses. These agencies may require the Company to make additional provisions based on their judgments about information available to them at the time of their examination. The Company maintains an allowance for unfunded loan commitments that is maintained at a level that management believes is adequate to absorb estimated probable losses. Adjustments to the allowance are made through other expenses and applied to the allowance which is maintained in other liabilities. For additional information on the allowance for loan losses and unfunded loan commitments, see Note 9 to the Consolidated Financial Statements and the sections titled "Asset Quality" and "Allowance for Loan Losses and Reserve for Unfunded Loan Commitments" under Item 2. Management’s Discussion and Analysis.
Income Taxes	Income Taxes The Company accounts for income taxes according to the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates applicable to taxable income for the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation reserves are established against certain deferred tax assets when it is more likely than not that the deferred tax assets will not be realized. Increases or decreases in the valuation reserve are charged or credited to the income tax provision. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that ultimately would be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. The evaluation of a tax position taken is considered by itself and not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits would be recognized in income tax expense on the income statement.
New Accounting Pronouncements	New Accounting Pronouncements ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." ASU 2016-13 was issued to replace the incurred loss impairment methodology in current GAAP with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost will be presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit impaired loans will receive an allowance account at the acquisition date that represents a component of the purchase price allocation. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses, with such allowance limited to the amount by which fair value is below amortized cost. In May 2019, FASB issued ASU 2019-05, "Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief." ASU 2019-05 was issued to address concerns with the adoption of ASU 2016-13. ASU 2019-05 gives entities the ability to irrevocable elect the fair value option in Subtopic 825-10 for certain existing financial assets upon transition to ASU 2016-03. Financial assets that are eligible for this fair value election are those that qualify under Subtopic 825-10 and are within the scope of Subtopic 326-10, "Financial Instruments - Credit Losses - Measured at Amortized Costs." An exception to this is held-to-maturity debt securities, which do not qualify for this transition election. The effective date for the amendment is the same as the effective date in ASU 2016-03. In November 2019, FASB issued ASU 2019-10, "Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates." ASU 2019-10 was issued to defer the effective dates for certain guidance in its Accounting Standard Codification ("ASC") for certain entities. The amendments in this update amend the mandatory effective dates for ASC 326, "Financial Instruments - Credit Losses", for entities eligible to be smaller reporting companies as defined by the SEC for fiscal years beginning after December 15, 2022, including interim reporting periods within that reporting period. The Company is currently evaluating the impact of the adoption of ASU 2016-13 on its consolidated financial statements. In November 2019, FASB issued ASU 2019-11, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses." ASU 2019-11 was issued to address issues raise by stakeholders during the implementation of ASU 2016-13. ASU 2019-11 provides transition relief when adjusting the effective interest rate for troubled debt restructurings ("TDRs") that exist as of the adoption date, extends the disclosure relief in ASU 2019-04 to disclose accrued interest receivable balances separately from the amortized cost basis to additional disclosures involving amortized cost basis, and provides clarification regarding application of the guidance in paragraph 326-20-35-6 for financial assets secured by collateral maintenance provisions that provides a practical expedient to measure the estimate of expected credit losses by comparing the amortized cost basis of a financial asset and the fair value of collateral securing the financial asset as of the reporting date. The effective date and transition requirements for the amendment are the same as the effective date and transition requirements in ASU 2016-13. ASU 2019- 12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." ASU 2019-12 removes the exception to the incremental approach for intraperiod tax allocation when there is a loss from continuing operations and income or a gain from other items and removes the exception to the interim period income tax accounting when a year-to-date loss exceeds the anticipated loss for the year. ASU 2019-12 also simplifies the accounting for income taxes by requiring that an entity recognize a franchise tax that is partially based on income as an income-based tax, that an entity evaluate when a step up in the tax basis of goodwill should be considered part of the business combination in which the book goodwill originally was recognized, and that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. For public business entities, ASU 2019-12 is effective for interim and annual periods beginning after December 15, 2020. The Company adopted this standard as of January 1, 2021. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. ASU 2020-01, "Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the Emerging Issues Task Force)." ASU 2020-01 clarifies that the observable price changes in orderly transactions that should be considered when applying the measurement alternative in accordance with ASC 321 include transactions that require it to either apply or discontinue the equity method of accounting under ASC 323. ASU 2020-01 also addresses questions about how to apply the guidance in Topic 815, “Derivatives and Hedging,” for certain forward contracts and purchased options to purchase securities that, upon settlement or exercise, would be accounted for under the equity method of accounting. The ASU clarifies that, for the purpose of applying ASC 815-10-15- 141(a), an entity should not consider whether, upon the settlement of the forward contract or exercise of the purchased option, the underlying securities would be accounted for under the equity method in ASC 323 or the fair value option in accordance with the financial instruments guidance in Topic 825, “Financial Instruments.” For public business entities, ASU 2020-01 is effective for interim and annual periods beginning after December 15, 2020. The Company adopted this standard as of January 1, 2021. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. ASU 2020- 03, "Codification Improvement to Financial Instruments." ASU 2020-03 clarifies that all entities are required to provide the fair value option disclosures in paragraphs 825-10-50-24 through 50-32 of the FASB’s Accounting Standards Codification (ASC). ASU 2020-03 also clarifies that the contractual term of a net investment in a lease determined in accordance with ASC 842, “Leases,” should be the contractual term used to measure expected credit losses under ASC 326, “Financial Instruments – Credit Losses.” ASU 2020-03 also addresses amendments to ASC 860-20, “Transfers and Servicing – Sales of Financial Assets,” clarifying that when an entity regains control of financial assets sold, an allowance for credit losses should be recorded in accordance with ASC 326. The effective date and transition requirements for the amendment are the same as the effective date and transition requirements in ASU 2016-13. The Company is currently evaluating the impact of the adoption of ASU 2020-03 on its consolidated financial statements. ASU 2020- 04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASU 2020-04 provides temporary optional guidance intended to ease the burden of reference rate reform on financial reporting. The guidance provides optional expedients and exceptions for applying existing guidance to contract modifications, hedging relationships and other transactions that are expected to be affected by reference rate reform and meet certain scope guidance. ASU 2020-04 provides various optional expedients, including the following, for hedging relationships affected by reference rate reform, if certain criteria are met: ● An entity can change certain critical terms of the hedging instrument or hedged item or transaction without having to dedesignate the relationship. ● For fair value hedging relationships in which the designated interest rate is LIBOR or another rate that is expected to be discontinued, an entity may change the hedged risk to another permitted benchmark rate without dedesignating the relationship. ● For cash flow hedging relationships in which the designated hedged risk is LIBOR or another rate that is expected to be discontinued, an entity may assert that the occurrence of the hedged forecasted transaction remains probable. ● Certain qualifying conditions for the shortcut method and other methods that assume perfect effectiveness may be disregarded. In addition, ASU 2020-04 permits an entity to make a one-time election to sell, transfer, or both sell and transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform and that were classified as held to maturity before January 1, 2020. ASU 2020-04 was effective upon its issuance on March 12, 2020. However, it cannot be applied to contract modifications that occur after December 31, 2022. With certain exceptions, the ASU also cannot be applied to hedging relationships entered into or evaluated after that date. The Company is currently evaluating the various optional expedients as well as impact of the adoption of ASU 2020-04 on its consolidated financial statements. ​ ASU 2020-06, “Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity.” ASU 2020-06 was issued to address the complexities of guidance for certain financial instruments with characteristics of liabilities and equity, including: ● Removing the accounting models that require beneficial conversion features or cash conversion features associated with convertible instruments to be recognized as a separate component of equity. ● Adding certain disclosure requirements for convertible instruments. ● Amending the guidance for the derivatives scope exception for contracts in an entity’s own equity. ● Simplifying the diluted earnings per share calculation for certain situations. For public business entities, ASU 2020-06 is effective for interim and annual periods beginning after December 15, 2021. The Company is currently evaluating the impact of the adoption of ASU 2020-06 on its consolidated financial statements. ​ ASU 2021-01, “Reference Rate Reform (Topic 848): Scope.” ASU 2021-01 was issued to clarify certain optional expedients and exceptions in ASC 848 for contract modifications and hedge accounting applied to derivatives that are affected by the discounting transition. In addition, the ASU clarifies that a receive-variable-rate, pay-variable-rate cross-currency interest rate swap may be considered eligible as a hedging instrument in a net investment hedge if both legs of the swap do not have the same repricing intervals and dates as a result of the reference rate reform. ASU 2021-01 became effective January 7, 2021. The Company currently uses the shortcut method as the practical expedient.
Benefit Plans	Benefit Plans In addition to the 401(k) savings plan which covers substantially all employees, in 2015 the Company established an unfunded supplemental defined benefit plan to provide additional retirement benefits for the President and Chief Executive Officer (“CEO”) and unfunded, non-qualified deferred retirement plans for certain other key executives. On June 4, 2015, the Company approved the Supplemental Executive Retirement Plan (“SERP”) pursuant to which the President and CEO is entitled to receive certain supplemental nonqualified retirement benefits. The retirement benefit under the SERP is an amount equal to sixty percent ( 60% ) of the average of the President and CEO’s base salary for the thirty-six (36) months immediately preceding the executive’s separation from service after age 66, adjusted annually thereafter by a percentage equal to the Consumer Price Index as reported by the U.S. Bureau of Labor Statistics for All Urban Consumers (CPI-U). The total benefit is to be made payable in fifteen annual installments. The future payments are estimated to total $6.4 million. A discount rate of four percent ( 4% ) was used to calculate the present value of the benefit obligation. The President and CEO commenced vesting in this retirement benefit on January 1, 2014, and vests an additional three percent (3%) each year until fully vested on January 1, 2024. In the event that the President and CEO’s separation from service from the Company were to occur prior to full vesting, the President and CEO would be entitled to and shall be paid the vested portion of the retirement benefit calculated as of the date of separation from service. Notwithstanding the foregoing, upon a Change in Control, and provided that within 6 months following the Change in Control the President and CEO is involuntarily terminated for reasons other than “cause” or the President and CEO resigns for “good reason,” as such is defined in the SERP, or the President and CEO voluntarily terminates his employment after being offered continued employment in a position that is not a “Comparable Position,” as such is also defined in the SERP, the President and CEO shall become one hundred percent (100%) vested in the full retirement benefit.
Leases	Leases The Company follows ASU 2016-02, "Leases (Topic 842)," Operating leases in which the Bank is the lessee are recorded as right-of-use ("ROU") assets and lease liabilities and are included in Prepaid expenses and other assets and Accrued expenses and other liabilities, respectively, on the Bank’s Consolidated Balance Sheets. The Bank does not currently have any finance leases in which it is the lessee. Operating lease ROU assets represent the Bank’s right to use an underlying asset during the lease term and operating lease liabilities represent its obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate. The incremental borrowing rate was calculated for each lease by taking a variable rate FHLB ARC product (based on Libor plus a spread) and then swapping it to a fixed rate borrowing by adding a fixed mid swap rate for the desired term. The borrowing rate for each lease is unique based on the lease term. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in Occupancy expense in the Consolidated Statements of Income. The Bank’s leases relate primarily to bank branches, office space and equipment with remaining lease terms of generally 1 to 10 years. Certain lease arrangements contain extension options which typically range from 1 to 5 years at the then fair market rental rates. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term. Certain real estate leases have lease payments that adjust based on annual changes in the Consumer Price Index ("CPI"). The leases that are dependent upon CPI are initially measured using the index or rate at the commencement date and are included in the measurement of the lease liability.

Net Income per Share (Tables)

Net Income per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Net Income per Share
Reconciliation of Calculation of Basic and Diluted Income Per Share	The following is a reconciliation of the calculation of basic and diluted income per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ ​ For the nine months ended September 30, 2021 (In thousands, except per share amounts) 2021 2020 ​ 2021 2020 Net income ​ $ 9,459 ​ $ 5,760 ​ ​ $ 26,373 ​ $ 16,299 Weighted average common shares outstanding - Basic ​ 10,372 ​ 10,630 ​ ​ 10,412 ​ 10,768 Plus: Potential dilutive common stock equivalents ​ 135 ​ 76 ​ ​ 134 ​ 107 Weighted average common shares outstanding - Diluted ​ 10,507 ​ 10,706 ​ ​ 10,546 ​ 10,875 Net income per common share - Basic ​ $ 0.91 ​ $ 0.54 ​ ​ $ 2.53 ​ $ 1.51 Net income per common share - Diluted ​ 0.90 ​ 0.54 ​ ​ 2.50 ​ 1.50 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive ​ 270 ​ 430 ​ ​ 234 ​ 413

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2021
Other Comprehensive Income (Loss)
Changes in Other Comprehensive Income (Loss)	The following tables show the changes in other comprehensive income (loss) for the three and nine months ended September 30, 2021 and 2020, net of tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2021 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to (losses) gains other ​ (losses) gains on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges (loss) income Balance, beginning of period ​ $ (52) ​ $ — ​ $ (145) ​ $ (197) Other comprehensive income before reclassifications ​ 359 ​ ​ — ​ ​ 62 ​ 421 Less amounts reclassified from accumulated other comprehensive income ​ 156 ​ ​ — ​ ​ — ​ 156 Period change ​ 203 ​ — ​ 62 ​ 265 Balance, end of period ​ $ 151 ​ $ — ​ $ (83) ​ $ 68 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2020 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to (losses) gains other ​ gains (losses) on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges loss Balance, beginning of period ​ $ 584 ​ $ (265) ​ $ (1,077) ​ $ (758) Other comprehensive (loss) income before reclassifications ​ (762) ​ ​ — ​ ​ 157 ​ (605) Less amounts reclassified from accumulated other comprehensive loss ​ (76) ​ ​ (14) ​ ​ — ​ (90) Period change ​ (686) ​ 14 ​ 157 ​ (515) Balance, end of period ​ $ (102) ​ $ (251) ​ $ (920) ​ $ (1,273) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2021 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to (losses) gains other ​ (losses) gains on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges (loss) income Balance, beginning of period ​ $ (214) ​ $ (238) ​ $ (737) ​ $ (1,189) Other comprehensive income before reclassifications ​ 785 ​ ​ — ​ ​ 654 ​ 1,439 Less amounts reclassified from accumulated other comprehensive income (loss) ​ 420 ​ ​ (238) ​ ​ — ​ 182 Period change ​ 365 ​ 238 ​ 654 ​ 1,257 Balance, end of period ​ $ 151 ​ $ — ​ $ (83) ​ $ 68 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2020 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to gains (losses) other ​ gains (loss) on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges income (loss) Balance, beginning of period ​ $ 281 ​ $ (295) ​ $ 168 ​ $ 154 Other comprehensive loss before reclassifications ​ (531) ​ ​ — ​ ​ (1,088) ​ (1,619) Less amounts reclassified from accumulated other comprehensive loss ​ (148) ​ ​ (44) ​ ​ — ​ (192) Period change ​ (383) ​ 44 ​ (1,088) ​ (1,427) Balance, end of period ​ $ (102) ​ $ (251) ​ $ (920) ​ $ (1,273)

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value
Reconciliation of Level 3 Available for Sale Debt Securities Measured at Fair Value on Recurring Basis	The following table presents a reconciliation of the Level 3 available for sale debt securities measured at fair value on a recurring basis for the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, (In thousands) 2021 2020 ​ 2021 2020 Balance at beginning of period (1) $ 4,675 $ 6,243 ​ $ 4,400 $ 6,238 Purchases/additions ​ ​ — ​ ​ — ​ ​ — ​ ​ — Sales/reductions ​ — ​ — ​ — ​ — Realized gains (losses) ​ — ​ — ​ — ​ — Unrealized gains ​ 275 ​ (728) ​ 550 ​ (723) Balance at end of period ​ $ 4,950 ​ $ 5,515 ​ $ 4,950 ​ $ 5,515 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Includes AFS debt securities classified as Level 2 at December 31, 2019, which were transferred to Level 3 during the period ended December 31, 2020.
Balances of Assets And Liabilities Measured at Fair Value on Recurring Basis	The tables below present the balances of assets and liabilities measured at fair value on a recurring basis as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2021 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ Assets/Liabilities ​ Active Markets ​ Significant Other ​ Significant ​ ​ Measured at Fair ​ for Identical ​ Observable ​ Unobservable (In thousands) Value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Measured on a recurring basis: ​ ​ ​ ​ Assets: ​ ​ ​ ​ Debt securities available for sale: ​ ​ ​ ​ State and political subdivisions ​ $ 1,062 ​ $ — ​ $ 1,062 ​ $ — Residential mortgage-backed securities ​ 11,008 ​ — ​ 11,008 ​ — Corporate and other securities ​ 27,693 ​ — ​ 22,743 ​ 4,950 Total debt securities available for sale ​ $ 39,763 ​ $ — ​ $ 34,813 ​ $ 4,950 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ 4,893 ​ — ​ 4,893 ​ — Total equity securities ​ $ 4,893 ​ $ — ​ $ 4,893 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ 22,537 ​ — ​ 22,537 ​ — Total loans held for sale ​ $ 22,537 ​ $ — ​ $ 22,537 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ (115) ​ — ​ (115) ​ — Total swap agreements ​ $ (115) ​ $ — ​ $ (115) ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value Measurements at December 31, 2020 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ Assets/Liabilities ​ Active Markets ​ Significant Other ​ Significant ​ ​ Measured at Fair ​ for Identical ​ Observable ​ Unobservable (In thousands) Value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Measured on a recurring basis: ​ ​ ​ ​ Assets: ​ ​ ​ ​ Debt securities available for sale: ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 2,003 ​ $ — ​ $ 2,003 ​ $ — State and political subdivisions ​ 2,969 ​ — ​ 2,969 ​ — Residential mortgage-backed securities ​ 17,410 ​ — ​ 17,410 ​ — Corporate and other securities ​ 23,235 ​ — ​ 18,835 ​ 4,400 Total debt securities available for sale ​ $ 45,617 ​ $ — ​ $ 41,217 ​ $ 4,400 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ 1,954 ​ — ​ 1,954 ​ — Total equity securities ​ $ 1,954 ​ $ — ​ $ 1,954 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ 10,712 ​ — ​ 10,712 ​ — Total loans held for sale ​ $ 10,712 ​ $ — ​ $ 10,712 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ (1,026) ​ — ​ (1,026) ​ — Total swap agreements ​ $ (1,026) ​ $ — ​ $ (1,026) ​ $ —
Assets and Liabilities Carried on the Balance Sheet by Caption And By Level Within The Hierarchy	The following tables present the assets and liabilities subject to fair value adjustments (impairment) on a non-recurring basis carried on the balance sheet by caption and by level within the hierarchy (as described above): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2021 Using ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ Assets/Liabilities ​ Markets for ​ Observable ​ Unobservable ​ Net Credit ​ ​ Measured at Fair ​ Identical Assets ​ Inputs ​ Inputs ​ During (In thousands) Value (Level 1) (Level 2) (Level 3) Period Measured on a non-recurring basis: ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Impaired collateral-dependent loans ​ $ 7,639 ​ $ — ​ $ — ​ $ 7,639 ​ $ (968) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2020 Using ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ Net (Credit) ​ ​ Assets/Liabilities ​ Markets for ​ Observable ​ Unobservable ​ Provision ​ ​ Measured at Fair ​ Identical Assets ​ Inputs ​ Inputs ​ During (In thousands) Value (Level 1) (Level 2) (Level 3) Period Financial assets: ​ ​ ​ ​ ​ OREO ​ $ — ​ $ — ​ $ — ​ $ — ​ $ (225) Impaired collateral-dependent loans ​ 11,959 ​ — ​ — ​ 11,959 ​ 3,693
Carrying Amount and Estimated Fair Values of Financial Instruments	The table below presents the carrying amount and estimated fair values of the Company’s financial instruments presented as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ Fair value ​ Carrying ​ Estimated ​ Carrying ​ Estimated (In thousands) level amount fair value amount fair value Financial assets: ​ ​ ​ ​ Cash and cash equivalents Level 1 ​ $ 216,372 ​ $ 216,372 ​ $ 219,311 ​ $ 219,311 Securities (1) Level 2 ​ 49,807 ​ 44,656 ​ 47,571 ​ 47,571 SBA loans held for sale Level 2 ​ 20,130 ​ 22,537 ​ 9,335 ​ 10,712 Loans, net of allowance for loan losses (2) Level 2 ​ 1,622,224 ​ 1,635,816 ​ 1,595,377 ​ 1,613,593 FHLB stock Level 2 ​ 4,403 ​ 4,403 ​ 10,594 ​ 10,594 Servicing assets Level 3 ​ 1,217 ​ 1,217 ​ 1,857 ​ 1,857 Accrued interest receivable Level 2 ​ 9,684 ​ 9,684 ​ 10,429 ​ 10,429 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits Level 2 ​ 1,706,185 ​ 1,704,827 ​ 1,557,959 ​ 1,561,502 Borrowed funds and subordinated debentures Level 2 ​ 70,310 ​ 71,399 ​ 210,310 ​ 212,358 Accrued interest payable Level 2 ​ 158 ​ 158 ​ 248 ​ 248 ​ (1) Includes corporate securities that are considered Level 3 and reported separately in the table under the “Fair Value on a Recurring Basis” heading. These securities had book values of $5.0 million and market values of $4.7 million. (2) Includes collateral-dependent impaired loans that are considered Level 3 and reported separately in the tables under the “Fair Value on a Nonrecurring Basis” heading. Collateral-dependent impaired loans, net of specific reserves totaled $7.6 million and $12.0 million at September 30, 2021 and December 31, 2020, respectively.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2021
Securities
Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities	This table provides the major components of debt securities available for sale ("AFS"), held to maturity (“HTM”) and equity securities with readily determinable fair values ("equity securities") at amortized cost and estimated fair value at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ ​ Gross Gross ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ unrealized ​ unrealized ​ Estimated ​ Amortized ​ unrealized ​ unrealized ​ Estimated (In thousands) ​ cost ​ gains ​ losses ​ fair value ​ cost ​ gains ​ losses ​ fair value Available for sale: ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,000 ​ $ 3 ​ $ — ​ $ 2,003 State and political subdivisions ​ 1,062 ​ 8 ​ (8) ​ 1,062 ​ 2,935 ​ 34 ​ — ​ 2,969 Residential mortgage-backed securities ​ 10,576 ​ 433 ​ (1) ​ 11,008 ​ 16,765 ​ 645 ​ — ​ 17,410 Corporate and other securities ​ 27,920 ​ 243 ​ (470) ​ 27,693 ​ 24,221 ​ 132 ​ (1,118) ​ 23,235 Total debt securities available for sale ​ $ 39,558 ​ $ 684 ​ $ (479) ​ $ 39,763 ​ $ 45,921 ​ $ 814 ​ $ (1,118) ​ $ 45,617 Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 2,000 ​ $ 18 ​ $ — ​ $ 2,018 ​ $ — ​ $ — ​ $ — ​ $ — Residential mortgage-backed securities ​ 3,151 ​ — ​ (5) ​ 3,146 ​ — ​ — ​ — ​ — Total securities held to maturity ​ $ 5,151 ​ $ 18 ​ $ (5) ​ $ 5,164 ​ $ — ​ $ — ​ $ — ​ $ — Equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ 4,563 ​ $ 401 ​ $ (71) ​ $ 4,893 ​ $ 2,112 ​ $ — ​ $ (158) ​ $ 1,954
Schedule of Marketable Securities By Contractual Maturity	This table provides the remaining contractual maturities and yields of securities within the investment portfolios. The carrying value of securities at September 30, 2021 is distributed by contractual maturity. Mortgage-backed securities and other securities, which may have principal prepayment provisions, are distributed based on contractual maturity. Expected maturities will differ materially from contractual maturities as a result of early prepayments and calls. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ After one through ​ After five through ​ ​ ​ ​ ​ ​ Total carrying ​ ​ Within one year ​ five years ​ ten years ​ After ten years ​ value (In thousands, except percentages) Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Available for sale at fair value: ​ ​ ​ ​ ​ ​ State and political subdivisions ​ $ 201 3.90 % $ 425 2.91 % $ — — % $ 436 2.74 % $ 1,062 3.03 % Residential mortgage-backed securities ​ 41 1.70 ​ 496 2.93 ​ 1,010 2.27 ​ 9,461 1.94 ​ 11,008 2.01 ​ Corporate and other securities ​ — — ​ 1,000 5.13 ​ 12,496 4.61 ​ 14,197 2.24 ​ 27,693 3.41 ​ Total debt securities available for sale ​ $ 242 3.53 % $ 1,921 4.07 % $ 13,506 4.43 % $ 24,094 2.13 % $ 39,763 3.02 % Held to maturity at cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — — % $ — — % $ — — % $ 2,000 2.49 % $ 2,000 2.49 % Residential mortgage-backed securities ​ ​ — ​ — ​ ​ — ​ — ​ ​ — ​ — ​ ​ 3,151 ​ 2.17 ​ ​ 3,151 ​ 2.17 ​ Total securities held to maturity ​ $ — — % $ — — % $ — — % $ 5,151 2.29 % $ 5,151 2.29 % Equity Securities at fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ — — % $ — — % $ — — % $ 4,893 2.17 % $ 4,893 2.17 %
Schedule of Marketable Securities In Unrealized Loss Position	The fair value of securities with unrealized losses by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2021 and December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ Less than 12 months ​ 12 months and greater ​ Total ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ number in a ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized (In thousands, except number in a loss position) ​ loss position ​ fair value ​ loss ​ fair value ​ loss ​ fair value ​ loss Available for sale: ​ ​ ​ ​ ​ ​ State and political subdivisions 1 ​ $ 437 ​ $ (8) ​ $ — ​ $ — ​ $ 437 ​ $ (8) Residential mortgage-backed securities 2 ​ $ 305 ​ $ (1) ​ $ — ​ $ — ​ $ 305 ​ $ (1) Corporate and other securities 8 ​ ​ 3,404 ​ ​ (99) ​ ​ 5,887 ​ ​ (371) ​ ​ 9,291 ​ ​ (470) Total temporarily impaired securities ​ 11 ​ $ 4,146 ​ $ (108) ​ $ 5,887 ​ $ (371) ​ $ 10,033 ​ $ (479) Held to maturity: ​ ​ ​ ​ ​ ​ Residential mortgage-backed securities ​ 1 ​ $ 3,146 ​ $ (5) ​ $ — ​ $ — ​ $ 3,146 ​ $ (5) Total temporarily impaired securities 1 ​ $ 3,146 ​ $ (5) ​ $ — ​ $ — ​ $ 3,146 ​ $ (5) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ Less than 12 months ​ 12 months and greater ​ Total ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ number in a ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized (In thousands, except number in a loss position) ​ loss position ​ fair value ​ loss ​ fair value ​ loss ​ fair value ​ loss Available for sale: ​ ​ ​ ​ ​ ​ Corporate and other securities 9 ​ $ 4,793 ​ $ (20) ​ $ 9,157 ​ $ (1,098) ​ $ 13,950 ​ $ (1,118) Total temporarily impaired securities 9 ​ $ 4,793 ​ $ (20) ​ $ 9,157 ​ $ (1,098) ​ $ 13,950 ​ $ (1,118)
Schedule of Realized Gains (Losses) for Marketable Securities	Gross realized gains and losses on securities for the three and nine months ended September 30, 2021 and 2020 are detailed in the table below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 ​ 2021 2020 ​ Available for sale: ​ ​ ​ ​ ​ ​ Realized gains ​ $ — ​ $ 16 ​ $ 43 ​ $ 317 ​ Realized losses ​ — ​ — ​ — ​ — ​ Total debt securities available for sale ​ — ​ 16 ​ 43 ​ 317 ​ Net gains on sales of securities ​ $ — ​ $ 16 ​ $ 43 ​ $ 317 ​
Equity Securities, Gains and Losses	The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 2021 2020 ​ Net gains (losses) recognized during the period on equity securities ​ $ 198 ​ $ (112) ​ $ 488 ​ $ (509) ​ Net gains recognized during the period on equity securities sold during the period ​ 4 ​ — ​ 4 ​ 5 ​ Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date ​ $ 202 ​ $ (112) ​ $ 492 ​ $ (504) ​

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2021
Loans
Classification of Loans By Class	The following table sets forth the classification of loans by class, including unearned fees, deferred costs and excluding the allowance for loan losses as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) September 30, 2021 December 31, 2020 SBA loans held for investment ​ $ 37,986 ​ $ 39,587 SBA PPP loans ​ ​ 81,907 ​ ​ 118,257 Commercial loans ​ ​ SBA 504 loans ​ 22,371 ​ 19,681 Commercial other ​ 116,461 ​ 118,280 Commercial real estate ​ 710,869 ​ 630,423 Commercial real estate construction ​ 74,336 ​ 71,404 Residential mortgage loans ​ 420,835 ​ 467,586 Consumer loans ​ ​ ​ ​ Home equity ​ 68,609 ​ 62,549 Consumer other ​ ​ 2,462 ​ ​ 3,551 Residential construction loans ​ ​ 108,925 ​ ​ 87,164 Total loans held for investment ​ $ 1,644,761 ​ $ 1,618,482 SBA loans held for sale ​ 20,130 ​ 9,335 Total loans ​ $ 1,664,891 ​ $ 1,627,817
Loan Portfolio by Class According to Their Credit Quality Indicators	The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ SBA & Commercial loans - Internal risk ratings (In thousands) Pass Special mention Substandard Total SBA loans held for investment ​ $ 37,150 ​ $ 518 ​ $ 318 ​ $ 37,986 SBA PPP loans ​ ​ 81,907 ​ ​ — ​ ​ — ​ ​ 81,907 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ 22,371 ​ — ​ — ​ 22,371 Commercial other ​ 106,839 ​ 5,254 ​ 4,368 ​ 116,461 Commercial real estate ​ 687,207 ​ 21,549 ​ 2,113 ​ 710,869 Commercial real estate construction ​ 74,336 ​ — ​ — ​ 74,336 Total commercial loans ​ 890,753 ​ 26,803 ​ 6,481 ​ 924,037 Total SBA and commercial loans ​ $ 1,009,810 ​ $ 27,321 ​ $ 6,799 ​ $ 1,043,930 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage, Consumer & Residential construction loans - Performing/Nonperforming (In thousands) ​ ​ Performing Nonperforming Total Residential mortgage loans ​ ​ ​ ​ $ 418,209 ​ $ 2,626 ​ $ 420,835 Consumer loans ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ 68,609 ​ — ​ 68,609 Consumer other ​ ​ ​ ​ ​ 2,462 ​ ​ — ​ ​ 2,462 Total consumer loans ​ ​ ​ ​ ​ 71,071 ​ ​ — ​ ​ 71,071 Residential construction loans ​ ​ ​ ​ ​ 106,288 ​ ​ 2,637 ​ ​ 108,925 Total residential mortgage, consumer and residential construction loans ​ ​ ​ ​ $ 595,568 ​ $ 5,263 ​ $ 600,831 ​ The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ SBA & Commercial loans - Internal risk ratings (In thousands) Pass Special mention Substandard Total SBA loans held for investment ​ $ 36,991 ​ $ 525 ​ $ 2,071 ​ $ 39,587 SBA PPP loans ​ ​ 118,257 ​ ​ — ​ ​ — ​ ​ 118,257 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ 19,681 ​ — ​ — ​ 19,681 Commercial other ​ 109,672 ​ 5,533 ​ 3,075 ​ 118,280 Commercial real estate ​ 603,482 ​ 25,206 ​ 1,735 ​ 630,423 Commercial real estate construction ​ 71,404 ​ — ​ — ​ 71,404 Total commercial loans ​ 804,239 ​ 30,739 ​ 4,810 ​ 839,788 Total SBA and commercial loans ​ $ 959,487 ​ $ 31,264 ​ $ 6,881 ​ $ 997,632 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage, Consumer & Residential construction loans - Performing/Nonperforming (In thousands) ​ ​ Performing ​ Nonperforming ​ Total Residential mortgage loans ​ ​ $ 462,369 ​ $ 5,217 ​ $ 467,586 Consumer loans ​ ​ ​ ​ Home equity ​ ​ 61,254 ​ 1,295 ​ 62,549 Consumer other ​ ​ ​ ​ ​ 3,551 ​ ​ — ​ ​ 3,551 Total consumer loans ​ ​ ​ ​ ​ 64,805 ​ ​ 1,295 ​ ​ 66,100 Residential construction loans ​ ​ ​ ​ ​ 85,414 ​ ​ 1,750 ​ ​ 87,164 Total residential mortgage, consumer and residential construction loans ​ ​ $ 612,588 ​ $ 8,262 ​ $ 620,850 ​
Aging Analysis of Past Due And Nonaccrual Loans by Loan Class	The following tables set forth an aging analysis of past due and nonaccrual loans as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ Nonaccrual ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ (1) ​ due ​ Current ​ Total loans SBA loans held for investment ​ $ 1,297 ​ $ — ​ $ — ​ $ 660 ​ $ 1,957 ​ $ 36,029 ​ $ 37,986 SBA PPP loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 81,907 ​ ​ 81,907 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 22,371 ​ 22,371 Commercial other ​ 69 ​ — ​ 128 ​ 2,094 ​ 2,291 ​ 114,170 ​ 116,461 Commercial real estate ​ 3,686 ​ 569 ​ — ​ 785 ​ 5,040 ​ 705,829 ​ 710,869 Commercial real estate construction ​ — ​ — ​ — ​ — ​ — ​ 74,336 ​ 74,336 Residential mortgage loans ​ 5,102 ​ 2,266 ​ 1,960 ​ 2,626 ​ 11,954 ​ 408,881 ​ 420,835 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ 34 ​ — ​ — ​ — ​ 34 ​ 68,575 ​ 68,609 Consumer other ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,462 ​ ​ 2,462 Residential construction loans ​ ​ 2,385 ​ ​ — ​ ​ 176 ​ ​ 2,637 ​ ​ 5,198 ​ ​ 103,727 ​ ​ 108,925 Total loans held for investment ​ ​ 12,573 ​ ​ 2,835 ​ ​ 2,264 ​ ​ 8,802 ​ ​ 26,474 ​ ​ 1,618,287 ​ ​ 1,644,761 SBA loans held for sale ​ — ​ — ​ — ​ — ​ — ​ 20,130 ​ 20,130 Total loans ​ $ 12,573 ​ $ 2,835 ​ $ 2,264 ​ $ 8,802 ​ $ 26,474 ​ $ 1,638,417 ​ $ 1,664,891 ​ (1) At September 30, 2021, nonaccrual loans included $139 thousand of loans guaranteed by the SBA. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ Nonaccrual ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ (1) ​ due ​ Current ​ Total loans SBA loans held for investment ​ $ 792 ​ $ 1,280 ​ $ — ​ $ 2,473 ​ $ 4,545 ​ $ 35,042 ​ $ 39,587 SBA PPP loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ ​ ​ 118,257 ​ ​ 118,257 Commercial loans ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 19,681 ​ 19,681 Commercial other ​ 186 ​ 201 ​ — ​ 266 ​ 653 ​ 117,627 ​ 118,280 Commercial real estate ​ 3,109 ​ 1,971 ​ — ​ 1,059 ​ 6,139 ​ 624,284 ​ 630,423 Commercial real estate construction ​ 1,047 ​ — ​ — ​ — ​ 1,047 ​ 70,357 ​ 71,404 Residential mortgage loans ​ 3,232 ​ 2,933 ​ 262 ​ 5,217 ​ 11,644 ​ 455,942 ​ 467,586 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ 393 ​ — ​ 187 ​ 1,295 ​ 1,875 ​ 60,674 ​ 62,549 Consumer other ​ ​ 3 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 3,547 ​ ​ 3,551 Residential construction loans ​ ​ 120 ​ ​ 796 ​ ​ — ​ ​ 1,750 ​ ​ 2,666 ​ ​ 84,498 ​ ​ 87,164 Total loans held for investment ​ ​ 8,882 ​ ​ 7,182 ​ ​ 449 ​ ​ 12,060 ​ ​ 28,573 ​ ​ 1,589,909 ​ ​ 1,618,482 SBA loans held for sale ​ 448 ​ — ​ — ​ — ​ 448 ​ 8,887 ​ 9,335 Total loans ​ $ 9,330 ​ $ 7,182 ​ $ 449 ​ $ 12,060 ​ $ 29,021 ​ $ 1,598,796 ​ $ 1,627,817 ​ (1) At December 31, 2020, nonaccrual loans included $371 thousand of loans guaranteed by the SBA. ​
Impaired Loans with Associated Allowance Amount	The following table provides detail on the Company’s impaired loans that are individually evaluated for impairment with the associated allowance amount, if applicable, as of September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Unpaid ​ ​ ​ ​ ​ ​ principal ​ Recorded ​ Specific (In thousands) ​ balance ​ investment ​ reserves With no related allowance: ​ ​ ​ ​ SBA loans held for investment (1) ​ $ 414 ​ $ 313 ​ $ — Commercial loans ​ ​ ​ Commercial real estate ​ 1,716 ​ 1,716 ​ — Total commercial loans ​ 1,716 ​ 1,716 ​ — Residential mortgage loans ​ ​ 2,391 ​ ​ 2,339 ​ ​ — Residential construction loans ​ ​ 2,637 ​ ​ 2,637 ​ ​ — Total impaired loans with no related allowance ​ 7,158 ​ 7,005 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment (1) ​ 460 ​ 207 ​ 161 Commercial loans ​ ​ ​ Commercial other ​ 2,823 ​ 2,713 ​ 2,672 Commercial real estate ​ 986 ​ 139 ​ 139 Total commercial loans ​ 3,809 ​ 2,852 ​ 2,811 Residential mortgage loans ​ ​ 287 ​ ​ 287 ​ ​ 30 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 427 ​ ​ 427 ​ ​ 137 Total impaired loans with a related allowance ​ 4,983 ​ 3,773 ​ 3,139 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated impaired loans: ​ ​ ​ SBA loans held for investment (1) ​ 874 ​ 520 ​ 161 Commercial loans ​ ​ ​ Commercial other ​ 2,823 ​ 2,713 ​ 2,672 Commercial real estate ​ 2,702 ​ 1,855 ​ 139 Total commercial loans ​ 5,525 ​ 4,568 ​ 2,811 Residential mortgage loans ​ ​ 2,678 ​ ​ 2,626 ​ ​ 30 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 427 ​ ​ 427 ​ ​ 137 Residential construction loans ​ ​ 2,637 ​ ​ 2,637 ​ ​ — Total individually evaluated impaired loans ​ $ 12,141 ​ $ 10,778 ​ $ 3,139 ​ (1) Balances are reduced by amount guaranteed by the SBA of $139 thousand at September 30, 2021. The following table provides detail on the Company’s impaired loans that are individually evaluated for impairment with the associated allowance amount, if applicable, as of December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Unpaid ​ ​ ​ ​ ​ ​ principal ​ Recorded ​ Specific (In thousands) ​ balance ​ investment ​ reserves With no related allowance: ​ ​ ​ ​ SBA loans held for investment (1) ​ $ 1,799 ​ $ 1,698 ​ $ — Commercial loans ​ ​ ​ Commercial real estate ​ 1,462 ​ 1,462 ​ — Total commercial loans ​ 1,462 ​ 1,462 ​ — Residential mortgage loans ​ ​ 4,080 ​ ​ 3,975 ​ ​ — Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 1,295 ​ ​ 1,295 ​ ​ — Residential construction loans ​ ​ 1,750 ​ ​ 1,750 ​ ​ — Total impaired loans with no related allowance ​ 10,386 ​ 10,180 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment (1) ​ 434 ​ 404 ​ 324 Commercial loans ​ ​ ​ Commercial other ​ 3,160 ​ 3,160 ​ 3,106 Commercial real estate ​ 1,730 ​ 1,080 ​ 576 Total commercial loans ​ 4,890 ​ 4,240 ​ 3,682 Residential mortgage loans ​ ​ 1,242 ​ ​ 1,242 ​ ​ 101 Total impaired loans with a related allowance ​ 6,566 ​ 5,886 ​ 4,107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated impaired loans: ​ ​ ​ SBA loans held for investment (1) ​ 2,233 ​ 2,102 ​ 324 Commercial loans ​ ​ ​ ​ ​ ​ Commercial other ​ 3,160 ​ 3,160 ​ 3,106 Commercial real estate ​ 3,192 ​ 2,542 ​ 576 Total commercial loans ​ 6,352 ​ 5,702 ​ 3,682 Residential mortgage loans ​ ​ 5,322 ​ ​ 5,217 ​ ​ 101 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 1,295 ​ ​ 1,295 ​ ​ — Residential construction loans ​ ​ 1,750 ​ ​ 1,750 ​ ​ — Total individually evaluated impaired loans ​ $ 16,952 ​ $ 16,066 ​ $ 4,107 ​ (1) Balances are reduced by amount guaranteed by the SBA of $371 thousand at December 31, 2020.
Average Recorded Investments in Impaired Loans and Related Amount of Interest Recognized	The following tables present the average recorded investments in impaired loans and the related amount of interest received during the time period in which the loans were impaired for the three and nine months ended September 30, 2021 and 2020. The average balances are calculated based on the month-end balances of impaired loans. When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal under the cost recovery method, and therefore no interest income is recognized. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ income ​ ​ ​ Average ​ received ​ Average ​ recognized ​ ​ ​ recorded ​ on impaired ​ recorded ​ on impaired ​ (In thousands) ​ investment ​ loans ​ investment ​ loans ​ SBA loans held for investment (1) ​ $ 917 ​ $ 18 ​ $ 1,928 ​ $ 24 ​ Commercial loans ​ ​ ​ ​ ​ ​ Commercial other ​ 727 ​ 1 ​ 50 ​ — ​ Commercial real estate ​ 1,355 ​ 42 ​ 1,081 ​ 26 ​ Commercial real estate construction ​ ​ — ​ ​ — ​ ​ — ​ ​ 33 ​ Residential mortgage loans ​ ​ 3,571 ​ ​ 13 ​ ​ 4,850 ​ ​ 63 ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 427 ​ ​ 5 ​ ​ 760 ​ ​ 29 ​ Consumer other ​ ​ 2 ​ ​ — ​ ​ — ​ ​ — ​ Residential construction loans ​ ​ 2,659 ​ ​ 18 ​ ​ — ​ ​ — ​ Total ​ $ 9,658 ​ $ 97 ​ $ 8,669 ​ $ 175 ​ ​ (1) Balances are reduced by the average amount guaranteed by the SBA of $173 thousand and $1.2 million for the three months ended September 30, 2021 and 2020, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ income ​ ​ Average ​ received ​ Average ​ recognized ​ ​ recorded ​ on impaired ​ recorded ​ on impaired (In thousands) ​ investment ​ loans ​ investment ​ loans SBA loans held for investment (1) ​ $ 1,384 ​ $ 99 ​ $ 1,440 ​ $ 30 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ 200 ​ 32 Commercial other ​ 457 ​ 11 ​ 51 ​ 25 Commercial real estate ​ 1,904 ​ 119 ​ 1,137 ​ 67 Commercial real estate construction ​ ​ — ​ ​ — ​ ​ — ​ ​ 33 Residential mortgage loans ​ ​ 4,705 ​ ​ 13 ​ ​ 5,533 ​ ​ 129 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 572 ​ ​ 23 ​ ​ 536 ​ ​ 53 Consumer other ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — Residential construction loans ​ ​ 2,691 ​ ​ 38 ​ ​ 25 ​ ​ — Total ​ $ 11,714 ​ $ 303 ​ $ 8,922 ​ $ 369 ​ (1) Balances are reduced by the average amount guaranteed by the SBA of $202 thousand and $687 thousand for the nine months ended September 30, 2021 and 2020, respectively.
Loans modified as TDRs including number of modifications and recorded investment	​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2021 ​ ​ Number of ​ Recorded investment (In thousands, except number of contracts) ​ contracts ​ at time of modification Home equity ​ 2 ​ $ 427 Total ​ 2 ​ $ 427

Allowance for Loan Losses and_2

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments (Tables)	9 Months Ended
	Sep. 30, 2021
Allowance for Loan Losses and Reserve for Unfunded Loan Commitments
Activity in the Allowance for Loan Losses by Portfolio Segment	The following tables detail the activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,686 ​ $ 15,011 ​ $ 4,604 ​ $ 601 ​ $ 899 ​ $ 22,801 Charge-offs ​ (145) ​ (158) ​ — ​ (3) ​ — ​ (306) Recoveries ​ — ​ — ​ 42 ​ — ​ — ​ 42 Net (charge-offs) recoveries ​ (145) ​ (158) ​ 42 ​ (3) ​ — ​ (264) Provision for (credit to) loan losses charged to expense ​ (763) ​ 983 ​ (540) ​ 151 ​ 169 ​ — Balance, end of period ​ $ 778 ​ $ 15,836 ​ $ 4,106 ​ $ 749 ​ $ 1,068 ​ $ 22,537 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, 2020 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,004 ​ $ 12,336 ​ $ 5,439 ​ $ 611 ​ $ 844 ​ $ 20,234 Charge-offs ​ (1) ​ — ​ — ​ — ​ — ​ (1) Recoveries ​ 3 ​ 1 ​ — ​ — ​ — ​ 4 Net recoveries ​ 2 ​ 1 ​ — ​ — ​ — ​ 3 Provision for loan losses charged to expense ​ 388 ​ 963 ​ 485 ​ 66 ​ 98 ​ 2,000 Balance, end of period ​ $ 1,394 ​ $ 13,300 ​ $ 5,924 ​ $ 677 ​ $ 942 ​ $ 22,237 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,301 ​ $ 14,992 ​ $ 5,318 ​ $ 681 ​ $ 813 ​ $ 23,105 Charge-offs ​ (591) ​ (551) ​ — ​ (4) ​ — ​ (1,146) Recoveries ​ 34 ​ 2 ​ 42 ​ — ​ — ​ 78 Net (charge-offs) recoveries ​ (557) ​ (549) ​ 42 ​ (4) ​ — ​ (1,068) Provision for (credit to) loan losses charged to expense ​ 34 ​ 1,393 ​ (1,254) ​ 72 ​ 255 ​ 500 Balance, end of period ​ $ 778 ​ $ 15,836 ​ $ 4,106 ​ $ 749 ​ $ 1,068 ​ $ 22,537 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, 2020 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,079 ​ $ 9,722 ​ $ 4,254 ​ $ 681 ​ $ 659 ​ $ 16,395 Charge-offs ​ (27) ​ (518) ​ (200) ​ — ​ — ​ (745) Recoveries ​ 83 ​ 504 ​ — ​ — ​ — ​ 587 Net (charge-offs) recoveries ​ 56 ​ (14) ​ (200) ​ — ​ — ​ (158) Provision for (credit to) loan losses charged to expense ​ 259 ​ 3,592 ​ 1,870 ​ (4) ​ 283 ​ 6,000 Balance, end of period ​ $ 1,394 ​ $ 13,300 ​ $ 5,924 ​ $ 677 ​ $ 942 ​ $ 22,237
Allowance for Credit Losses on Financing Receivables on Basis of Impairment Method	​ The following tables present loans and their related allowance for loan losses, by portfolio segment, as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ ​ Total Allowance for loan losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 161 ​ $ 2,811 ​ $ 30 ​ $ 137 ​ $ — ​ ​ $ 3,139 Collectively evaluated for impairment ​ 617 ​ 13,025 ​ 4,076 ​ 612 ​ 1,068 ​ ​ 19,398 Total ​ $ 778 ​ $ 15,836 ​ $ 4,106 ​ $ 749 ​ $ 1,068 ​ ​ $ 22,537 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 520 ​ $ 4,568 ​ $ 2,626 ​ $ 427 ​ $ 2,637 ​ ​ $ 10,778 Collectively evaluated for impairment ​ 119,373 ​ 919,469 ​ 418,209 ​ 70,644 ​ 106,288 ​ ​ 1,633,983 Total ​ $ 119,893 ​ $ 924,037 ​ $ 420,835 ​ $ 71,071 ​ $ 108,925 ​ ​ $ 1,644,761 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ ​ Total Allowance for loan losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 324 ​ $ 3,682 ​ $ 101 ​ $ — ​ $ — ​ ​ $ 4,107 Collectively evaluated for impairment ​ 977 ​ 11,310 ​ 5,217 ​ 681 ​ 813 ​ ​ 18,998 Total ​ $ 1,301 ​ $ 14,992 ​ $ 5,318 ​ $ 681 ​ $ 813 ​ ​ $ 23,105 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 2,102 ​ $ 5,702 ​ $ 5,217 ​ $ 1,295 ​ $ 1,750 ​ ​ $ 16,066 Collectively evaluated for impairment ​ 155,742 ​ 834,086 ​ 462,369 ​ 64,805 ​ 85,414 ​ ​ 1,602,416 Total ​ $ 157,844 ​ $ 839,788 ​ $ 467,586 ​ $ 66,100 ​ $ 87,164 ​ ​ $ 1,618,482

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure
Summary of Interest Rate Swaps	​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except percentages and years) September 30, 2021 December 31, 2020 Notional amount ​ $ 40,000 ​ $ 80,000 ​ Fair value ​ $ (115) ​ $ (1,026) ​ Weighted average pay rate ​ 1.05 % 1.19 % Weighted average receive rate ​ 0.18 % 0.89 % Weighted average maturity in years ​ 1.88 ​ 2.20 ​ Number of contracts ​ 2 ​ 5 ​
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 ​ 2021 2020 ​ Gain (loss) recognized in OCI on derivatives ​ $ 62 ​ $ 157 ​ $ 654 ​ $ (1,088) ​

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Transactions under the Company's stock option plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Weighted ​ average ​ ​ ​ ​ ​ ​ ​ average ​ remaining ​ Aggregate ​ ​ ​ ​ exercise ​ contractual ​ intrinsic ​ ​ Shares ​ price ​ life in years ​ value Outstanding at December 31, 2020 672,800 ​ $ 16.42 6.8 ​ $ 1,952,568 Options granted 89,000 ​ 19.21 ​ ​ ​ Options exercised (60,467) ​ 7.36 ​ ​ ​ Options forfeited (2,000) ​ 18.64 ​ ​ ​ Options expired — ​ — ​ ​ ​ Outstanding at September 30, 2021 699,333 ​ $ 17.55 6.9 ​ $ 4,091,753 Exercisable at September 30, 2021 ​ 423,179 ​ $ 16.04 5.7 ​ $ 3,113,588
Schedule of fair values of the options granted	The fair values of the options granted during the three and nine months ended September 30, 2021 and 2020 were estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions. There were ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, ​ ​ ​ 2021 2020 ​ Number of options granted ​ ​ 89,000 ​ 101,000 ​ Weighted average exercise price ​ $ 19.21 ​ $ 20.39 ​ Weighted average fair value of options ​ $ 7.72 ​ $ 5.54 ​ Expected life in years (1) ​ 8.38 ​ 8.66 ​ Expected volatility (2) ​ 43.69 % 27.13 % Risk-free interest rate (3) ​ 1.14 % 1.55 % Dividend yield (4) ​ 1.68 % 1.61 % ​ (1) The expected life of the options was estimated based on historical employee behavior and represents the period of time that options granted are expected to be outstanding. (2) The expected volatility of the Company’s stock price was based on the historical volatility over the period commensurate with the expected life of the options. (3) The risk-free interest rate is the U.S. Treasury rate commensurate with the expected life of the options on the date of grant. (4) The expected dividend yield is the projected annual yield based on the grant date stock price.
Schedule of Information About Options Exercised	Upon exercise, the Company issues shares from its authorized but unissued common stock to satisfy the options. The following table presents information about options exercised during the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ ​ 2021 2020 2021 2020 ​ Number of options exercised ​ 23,869 ​ — ​ ​ 60,467 ​ 54,611 ​ Total intrinsic value of options exercised ​ $ 358,798 ​ $ — ​ $ 876,580 ​ $ 475,222 ​ Cash received from options exercised ​ $ 177,362 ​ $ — ​ $ 444,988 ​ $ 395,518 ​ Tax deduction realized from options ​ $ 66,291 ​ $ — ​ $ 178,904 ​ $ 139,216 ​
Schedule of Stock Options, by Exercise Price Range	The following table summarizes information about stock options outstanding and exercisable at September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding ​ Options exercisable ​ ​ ​ Weighted average Weighted ​ Weighted ​ ​ Options ​ remaining contractual ​ average ​ Options ​ average Range of exercise prices ​ outstanding ​ life (in years) ​ exercise price ​ exercisable ​ exercise price $6.01 - $12.00 135,800 3.6 ​ 8.85 135,800 ​ 8.85 $12.01 - $18.00 130,533 7.4 ​ 16.40 67,201 ​ 15.75 $18.01 - $24.00 433,000 7.8 ​ 20.62 220,178 ​ 20.57 Total 699,333 6.9 ​ $ 17.55 423,179 ​ $ 16.04
Allocation of Share-based Compensation Costs	Compensation expense related to stock options and the related income tax benefit for the three and nine months ended September 30, 2021 and 2020 are detailed in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ ​ 2021 2020 ​ 2021 2020 ​ Compensation expense ​ $ 221,092 ​ $ 185,408 ​ $ 651,239 ​ $ 558,682 ​ Income tax benefit ​ $ 63,896 ​ $ 53,583 ​ $ 188,208 ​ $ 161,459 ​
Summary of Nonvested Restricted Stock Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ Average grant ​ ​ Shares ​ date fair value Nonvested restricted stock at December 31, 2020 87,972 ​ $ 19.26 Granted 48,000 ​ 20.46 Cancelled (1,500) ​ 15.09 Vested (28,758) ​ 18.79 Nonvested restricted stock at September 30, 2021 105,714 ​ $ 19.99
Restricted Stock Grants	Restricted stock awards granted during the three and nine months ended September 30, 2021 and 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ 2021 2020 ​ 2021 2020 Number of shares granted ​ 8,000 ​ 2,000 ​ ​ 48,000 ​ 17,000 Average grant date fair value ​ $ 22.82 ​ $ 13.01 ​ $ 20.46 ​ $ 16.20
Summary of Components of Net Periodic Pension Cost of Defined Benefit Plan Recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 ​ 2021 2020 ​ Service cost (1) ​ $ 18 ​ $ 32 ​ $ (51) ​ $ 95 ​ Interest cost ​ 38 ​ 37 ​ 107 ​ 111 ​ Amortization of prior service cost (2) ​ — ​ 20 ​ 332 ​ 62 ​ Net periodic benefit cost ​ $ 56 ​ $ 89 ​ $ 388 ​ $ 268 ​ ​ (1) Reduction in service cost totaling $137 thousand to be recognized over one year due to the recalculation of the President and CEO’s salary projection. (2) Prior service cost fully amortized as of June 30, 2021
Summary Of Changes In Benefit Obligations Of Defined Benefit Plan	The following table summarizes the changes in benefit obligations of the defined benefit plan during the nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended September 30, ​ (In thousands) 2021 2020 ​ Benefit obligation, beginning of year ​ $ 3,845 ​ $ 3,571 ​ Service cost (1) ​ (51) ​ 95 ​ Interest cost ​ 107 ​ 111 ​ Benefit obligation, end of period ​ $ 3,901 ​ $ 3,777 ​ ​ (1) Reduction in service cost totaling $137 thousand to be recognized over one year due to the recalculation of the President and CEO’s salary projection.
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Allocation of Share-based Compensation Costs	Compensation expense related to restricted stock for the three and nine months ended September 30, 2021 and 2020 is detailed in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ ​ 2021 2020 ​ 2021 2020 ​ Compensation expense ​ $ 184,189 ​ $ 166,331 ​ $ 537,939 ​ $ 500,409 ​ Income tax benefit ​ $ 53,231 ​ $ 48,069 ​ $ 155,464 ​ $ 144,618 ​

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 2021
Regulatory Capital
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table shows the CBLR ratio for the Company and the Bank at September 30, 2021 and at December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2021 ​ ​ At December 31, 2020 ​ ​ Company Bank Company Bank CBLR 10.70 % 10.23 % 10.09 % 9.80 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Leases
Net Lease Cost	The table below summarizes our net lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ Operating lease cost ​ $ 155 ​ $ 148 ​ $ 452 ​ $ 443 ​ Net lease cost ​ $ 155 ​ $ 148 ​ $ 452 ​ $ 443 ​ ​ The table below summarizes the cash and non-cash activities associated with our leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended September 30, ​ For the nine months ended September 30, ​ (In thousands) ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 152 ​ $ 142 ​ $ 442 ​ $ 426 ​ ROU assets obtained in exchange for new operating lease liabilities ​ $ 1,803 ​ $ 28 ​ $ 1,803 ​ $ 28 ​
Summary of Other Information for Operating Leases	The table below summarizes other information related to our operating leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except percentages and years) September 30, 2021 December 31, 2020 Weighted average remaining lease term in years ​ 9.95 ​ ​ 5.96 ​ Weighted average discount rate ​ 3.59 % ​ 5.45 % Operating lease right-of-use assets ​ $ 3,805 ​ $ 2,365 ​
Summary of Maturity of Remaining Lease Liabilities	The table below summarizes the maturity of remaining lease liabilities: ​ ​ ​ ​ ​ (In thousands) September 30, 2021 2021 (excluding the nine months ended September 30, 2021) ​ $ 157 2022 ​ 607 2023 ​ 541 2024 ​ 492 2025 ​ 501 2026 and thereafter ​ 2,099 Total lease payments ​ $ 4,397 Less: Interest ​ (529) Present value of lease liabilities ​ $ 3,868

Net Income per Share (Details)

Net Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Net Income per Share
Net income	$ 9,459	$ 8,418	$ 8,496	$ 5,760	$ 5,171	$ 5,368	$ 26,373	$ 16,299
Weighted average common shares outstanding - Basic	10,372			10,630			10,412	10,768
Plus: Potential dilutive common stock equivalents (in shares)	135			76			134	107
Weighted average common shares outstanding - Diluted (in shares)	10,507			10,706			10,546	10,875
Net income per common share - Basic	$ 0.91			$ 0.54			$ 2.53	$ 1.51
Net income per common share - Diluted	$ 0.90			$ 0.54			$ 2.50	$ 1.50
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive (in shares)	270			430			234	413

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Income Taxes
Income tax expense (benefit)	$ 3,213	$ 1,866	$ 8,625	$ 4,952
Effective tax rate	25.40%	24.50%	24.60%	23.30%
Unrecognized tax benefits, income tax penalties and interest expense	$ 0	$ 0	$ 0	$ 0
Unrecognized tax benefits, income tax penalties and interest accrued	$ 0		$ 0		$ 0
Income tax returns open tax years (2016 and thereafter)			2016

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 188,756	$ 181,186	$ 173,911	$ 166,607	$ 164,305	$ 160,709	$ 173,911	$ 160,709
Total other comprehensive income (loss), net of tax	265	337	655	(515)	74	(986)	1,257	(1,427)
Ending balance	196,267	188,756	181,186	169,234	166,607	164,305	196,267	169,234
Reclassification to unappropriated retained earnings	114,337						114,337		$ 90,669
Net unrealized (losses) gains on securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(52)		(214)	584		281	(214)	281
Other comprehensive income (loss) income before reclassifications	359			(762)			785	(531)
Less amounts reclassified from accumulated other comprehensive income (loss)	156			(76)			420	(148)
Total other comprehensive income (loss), net of tax	203			(686)			365	(383)
Ending balance	151	(52)		(102)	584		151	(102)
Adjustments related to defined benefit plan
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(238)	(265)		(295)	(238)	(295)
Less amounts reclassified from accumulated other comprehensive income (loss)				(14)			(238)	(44)
Total other comprehensive income (loss), net of tax				14			238	44
Ending balance				(251)	(265)			(251)
Net unrealized (losses) gains from cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(145)		(737)	(1,077)		168	(737)	168
Other comprehensive income (loss) income before reclassifications	62			157			654	(1,088)
Total other comprehensive income (loss), net of tax	62			157			654	(1,088)
Ending balance	(83)	(145)		(920)	(1,077)		(83)	(920)
Accumulated other comprehensive (loss) income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(197)	(534)	(1,189)	(758)	(832)	154	(1,189)	154
Other comprehensive income (loss) income before reclassifications	421			(605)			1,439	(1,619)
Less amounts reclassified from accumulated other comprehensive income (loss)	156			(90)			182	(192)
Total other comprehensive income (loss), net of tax	265	337	655	(515)	74	(986)	1,257	(1,427)
Ending balance	$ 68	$ (197)	$ (534)	$ (1,273)	$ (758)	$ (832)	$ 68	$ (1,273)

Fair Value - Fair Value on Recu

Fair Value - Fair Value on Recurring Basis - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Securities available for sale	$ 39,763	$ 45,617
Percentage of portfolio in residential mortgage backed securities	28.00%
Residential mortgage backed securities guaranteed by Government National Mortgage Association or Federal National Mortgage Association or Federal Home Loan Mortgage Corporation	$ 10,900
Equity securities	4,893	1,954
Residential mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Securities available for sale	$ 11,008	$ 17,410

Fair Value - Assets And Liabili

Fair Value - Assets And Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	$ 39,763	$ 45,617
Equity securities	4,893	1,954
Loans held for sale	22,537	10,712
Swap agreements	(115)	(1,026)
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	34,813	41,217
Equity securities	4,893	1,954
Loans held for sale	22,537	10,712
Swap agreements	(115)	(1,026)
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	4,950	4,400
U.S. Government sponsored entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale		2,003
U.S. Government sponsored entities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale		2,003
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	1,062	2,969
State and political subdivisions | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	1,062	2,969
Residential mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	11,008	17,410
Residential mortgage backed securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	11,008	17,410
Corporate and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	27,693	23,235
Corporate and other securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	22,743	18,835
Corporate and other securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	4,950	4,400
Interest rate swap agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Swap agreements	(115)	(1,026)
Interest rate swap agreements | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Swap agreements	$ (115)	$ (1,026)

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Subject to Fair Value Adjustments (Impairment) on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impaired collateral-dependent loans	$ 7,639	$ 11,959
OREO, Net (Credit) Provision During Period		(225)
Impaired collateral-dependent loans, Net (Credit) Provision During Period	(968)	3,693
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impaired collateral-dependent loans	$ 7,639	$ 11,959

Fair Value - Fair Value on a No

Fair Value - Fair Value on a Nonrecurring Basis Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impaired financing receivable, related allowance	$ 3,139,000	$ 4,107,000
Decrease in valuation allowance for impaired loans	96,800
Letters of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Standby letter of credit	$ 3,200,000

Fair Value - Available for Sale

Fair Value - Available for Sale Debt Securities (Details) - Recurring - Significant Unobservable Inputs (Level 3) - Available for Sale Debt Securities - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Fair value on a recurring basis
Balance at beginning of period	$ 4,675	$ 6,243	$ 4,400	$ 6,238
Unrealized gains	275	(728)	550	(723)
Balance at end of period	$ 4,950	$ 5,515	$ 4,950	$ 5,515

Fair Value - Carrying Amount an

Fair Value - Carrying Amount and Fair Values (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Carrying amount | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	$ 216,372	$ 219,311
Carrying amount | Significant Other Observable Inputs (Level 2)
Financial assets:
Securities	49,807	47,571
SBA loans held for sale	20,130	9,335
Loans, net of allowance for loan losses	1,622,224	1,595,377
Federal Home Loan Bank stock	4,403	10,594
Accrued interest receivable	9,684	10,429
Financial liabilities:
Deposits	1,706,185	1,557,959
Borrowed funds and subordinated debentures	70,310	210,310
Accrued interest payable	158	248
Carrying amount | Significant Unobservable Inputs (Level 3)
Financial assets:
Servicing assets	1,217	1,857
Carrying amount | Significant Unobservable Inputs (Level 3) | Recurring | Corporate and other securities
Financial assets:
Securities	5,000
Estimated fair value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	216,372	219,311
Estimated fair value | Significant Other Observable Inputs (Level 2)
Financial assets:
Securities	44,656	47,571
SBA loans held for sale	22,537	10,712
Loans, net of allowance for loan losses	1,635,816	1,613,593
Federal Home Loan Bank stock	4,403	10,594
Accrued interest receivable	9,684	10,429
Financial liabilities:
Deposits	1,704,827	1,561,502
Borrowed funds and subordinated debentures	71,399	212,358
Accrued interest payable	158	248
Estimated fair value | Significant Unobservable Inputs (Level 3)
Financial assets:
Servicing assets	1,217	$ 1,857
Estimated fair value | Significant Unobservable Inputs (Level 3) | Recurring | Corporate and other securities
Financial assets:
Securities	$ 4,700

Securities - Amortized Cost to

Securities - Amortized Cost to Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Available for sale:
Amortized cost	$ 39,558	$ 45,921
Gross unrealized gains	684	814
Gross unrealized losses	(479)	(1,118)
Securities available for sale	39,763	45,617
Held to maturity:
Amortized cost	5,151	0
Gross unrealized gains	18
Gross unrealized losses	(5)
Estimated fair value	5,164
Equity securities:
Amortized cost	4,563	2,112
Gross unrealized gains	401
Gross unrealized losses	(71)	(158)
Estimated fair value	4,893	1,954
U.S. Government sponsored entities
Available for sale:
Amortized cost		2,000
Gross unrealized gains		3
Securities available for sale		2,003
Held to maturity:
Amortized cost	2,000
Gross unrealized gains	18
Estimated fair value	2,018
State and political subdivisions
Available for sale:
Amortized cost	1,062	2,935
Gross unrealized gains	8	34
Gross unrealized losses	(8)
Securities available for sale	1,062	2,969
Residential mortgage backed securities
Available for sale:
Amortized cost	10,576	16,765
Gross unrealized gains	433	645
Gross unrealized losses	(1)
Securities available for sale	11,008	17,410
Held to maturity:
Amortized cost	3,151
Gross unrealized losses	(5)
Estimated fair value	3,146
Corporate and other securities
Available for sale:
Amortized cost	27,920	24,221
Gross unrealized gains	243	132
Gross unrealized losses	(470)	(1,118)
Securities available for sale	$ 27,693	$ 23,235

Securities - Securities By Cont

Securities - Securities By Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Available for sale at fair value:
Within one year, Amount	$ 242
After one through five years, Amount	1,921
After five through ten years, Amount	13,506
After ten years, Amount	24,094
Securities available for sale	$ 39,763	$ 45,617
Rolling maturity, Yield
Within one year, Yield	3.53%
After one through five years, Yield	4.07%
After five through ten years, Yield	4.43%
After ten years, Yield	2.13%
Total carrying value, Yield	3.02
Debt Securities, Held-to-maturity, Maturity, Fair Value, Rolling Maturity [Abstract]
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	$ 5,151
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value	$ 5,151
Debt Securities, Held-to-maturity, Rolling Maturity, Weighted Average Yield [Abstract]
Debt Securities, Held-to-maturity, Maturity, Rolling after Ten Years, Weighted Average Yield	2.29%
Debt Securities Held To Maturity Rolling Maturity Weighted Average Yield	2.29%
Equity securities at fair value:
After ten years, Amount	$ 4,893
Estimated fair value	$ 4,893	1,954
After ten years, Yield	2.17%
Total carrying value, Yield	2.17%
U.S. Government sponsored entities
Available for sale at fair value:
Securities available for sale		2,003
Debt Securities, Held-to-maturity, Maturity, Fair Value, Rolling Maturity [Abstract]
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	$ 2,000
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value	$ 2,000
Debt Securities, Held-to-maturity, Rolling Maturity, Weighted Average Yield [Abstract]
Debt Securities, Held-to-maturity, Maturity, Rolling after Ten Years, Weighted Average Yield	2.49%
Debt Securities Held To Maturity Rolling Maturity Weighted Average Yield	2.49%
State and political subdivisions
Available for sale at fair value:
Within one year, Amount	$ 201
After one through five years, Amount	425
After ten years, Amount	436
Securities available for sale	$ 1,062	2,969
Rolling maturity, Yield
Within one year, Yield	3.90%
After one through five years, Yield	2.91%
After ten years, Yield	2.74%
Total carrying value, Yield	3.03
Residential mortgage backed securities
Available for sale at fair value:
Within one year, Amount	$ 41
After one through five years, Amount	496
After five through ten years, Amount	1,010
After ten years, Amount	9,461
Securities available for sale	$ 11,008	17,410
Rolling maturity, Yield
Within one year, Yield	1.70%
After one through five years, Yield	2.93%
After five through ten years, Yield	2.27%
After ten years, Yield	1.94%
Total carrying value, Yield	2.01
Debt Securities, Held-to-maturity, Maturity, Fair Value, Rolling Maturity [Abstract]
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	$ 3,151
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value	$ 3,151
Debt Securities, Held-to-maturity, Rolling Maturity, Weighted Average Yield [Abstract]
Debt Securities, Held-to-maturity, Maturity, Rolling after Ten Years, Weighted Average Yield	2.17%
Debt Securities Held To Maturity Rolling Maturity Weighted Average Yield	2.17%
Corporate and other securities
Available for sale at fair value:
After one through five years, Amount	$ 1,000
After five through ten years, Amount	12,496
After ten years, Amount	14,197
Securities available for sale	$ 27,693	$ 23,235
Rolling maturity, Yield
After one through five years, Yield	5.13%
After five through ten years, Yield	4.61%
After ten years, Yield	2.24%
Total carrying value, Yield	3.41

Securities - Securities in Unre

Securities - Securities in Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2021USD ($)security	Dec. 31, 2020USD ($)security
Available for sale:
Available for sale, Total number in a loss position | security	11	9
Available for sale, Less than 12 months, Estimated fair value	$ 4,146	$ 4,793
Available for sale, Less than 12 months, Unrealized loss	(108)	(20)
Available for sale, 12 months and greater, Estimated fair value	5,887	9,157
Available for sale, 12 Months and greater Unrealized loss	(371)	(1,098)
Available for sale, Estimated fair value	10,033	13,950
Available for sale, Unrealized loss	$ (479)	$ (1,118)
Held to maturity:
Held to maturity, Total number in a loss position | security	1
Held to maturity, Less than 12 months Estimated fair value	$ 3,146
Held to maturity, Less than 12 months Unrealized loss	(5)
Held to maturity, Total Estimated fair value	3,146
Held to maturity, Total Unrealized loss	$ (5)
State and political subdivisions
Available for sale:
Available for sale, Total number in a loss position | security	1
Available for sale, Less than 12 months, Estimated fair value	$ 437
Available for sale, Less than 12 months, Unrealized loss	(8)
Available for sale, Estimated fair value	437
Available for sale, Unrealized loss	$ (8)
Residential mortgage backed securities
Available for sale:
Available for sale, Total number in a loss position | security	2
Available for sale, Less than 12 months, Estimated fair value	$ 305
Available for sale, Less than 12 months, Unrealized loss	(1)
Available for sale, Estimated fair value	305
Available for sale, Unrealized loss	$ (1)
Held to maturity:
Held to maturity, Total number in a loss position | security	1
Held to maturity, Less than 12 months Estimated fair value	$ 3,146
Held to maturity, Less than 12 months Unrealized loss	(5)
Held to maturity, Total Estimated fair value	3,146
Held to maturity, Total Unrealized loss	$ (5)
Corporate and other securities
Available for sale:
Available for sale, Total number in a loss position | security	8	9
Available for sale, Less than 12 months, Estimated fair value	$ 3,404	$ 4,793
Available for sale, Less than 12 months, Unrealized loss	(99)	(20)
Available for sale, 12 months and greater, Estimated fair value	5,887	9,157
Available for sale, 12 Months and greater Unrealized loss	(371)	(1,098)
Available for sale, Estimated fair value	9,291	13,950
Available for sale, Unrealized loss	$ (470)	$ (1,118)

Securities - Schedule Of Realiz

Securities - Schedule Of Realized Gains (Losses) For Marketable Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Available for sale:
Realized gains	$ 0	$ 16	$ 43	$ 317
Realized losses	$ 0	0	0	0
Total debt securities available for sale		16	43	317
Net gains (losses) on sales of securities		$ 16	$ 43	$ 317

Securities - Realized Gains and

Securities - Realized Gains and Losses (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)security	Sep. 30, 2020USD ($)security	Dec. 31, 2020USD ($)
Schedule of Investments
Realized gains	$ 0	$ 16	$ 43	$ 317
Realized losses	0	0	0	0
Securities realized gain (loss)		16	43	317
Available-for-sale securities pledged as collateral	1,300		$ 1,300		$ 1,600
1 Security Sold | Taxable Municipal Securities
Schedule of Investments
Number of securities sold | security			1
Book value	456		$ 456
Securities realized gain (loss)			$ 140
3 Mortgage Backed Securities | Mortgage-backed securities
Schedule of Investments
Number of securities sold | security			3
Book value		2,800		2,800
Securities realized gain (loss)				$ 57
6 Corporate Bonds | Corporate Bond Securities
Schedule of Investments
Number of securities sold | security			6
Book value	7,000		$ 7,000
Securities realized gain (loss)			$ 39
2 Corporate Bond | Corporate Bond Securities
Schedule of Investments
Number of securities sold | security				2
Book value		2,700		$ 2,700
Securities realized gain (loss)				77
1 Security Called | Taxable Municipal Securities
Schedule of Investments
Number of securities sold | security			1
Book value	$ 496		$ 496
Securities realized gain (loss)			$ 4
1 Security Called | Tax-exempt Municipal securities
Schedule of Investments
Number of securities sold | security			1
Book value		381		381
Securities realized gain (loss)				$ 27
3 Security call | Tax-exempt Municipal securities
Schedule of Investments
Number of securities sold | security				3
Book value		$ 1,800		$ 1,800
Securities realized gain (loss)				$ 16

Securities - Realized Gains (Lo

Securities - Realized Gains (Losses) for Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Securities
Net (losses) gains recognized during the period on equity securities	$ 198	$ (112)	$ 488	$ (509)
Net gains recognized during the period on equity securities sold during the period	4		4	5
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date	$ 202	$ (112)	$ 492	$ (504)

Loans - Narrative (Details)

Loans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Guarantee percentage of SBA Loan		90.00%
Maximum amount of loan offered to consumer under the Upgrade Consumer Unsecured Loan Program	$ 50	$ 50
Maximum loan term offered to consumers under the Upgrade Consumer Unsecured Loan Program	5 years
Residential Consumer Properties
Residential loans in process of foreclosure	$ 1,500	$ 1,500	$ 4,800

Loans - Classification of Loans

Loans - Classification of Loans By Class (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 1,644,761	$ 1,618,482
SBA loans held for sale	20,130	9,335
Total loans	1,664,891	1,627,817
SBA 504 loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	22,371	19,681
SBA loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	37,986	39,587
SBA PPP loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	81,907	118,257
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	924,037	839,788
Commercial loans | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	710,869	630,423
Commercial loans | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	74,336	71,404
Commercial loans | Consumer other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	116,461	118,280
Residential mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	420,835	467,586
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	71,071	66,100
Consumer loans | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	68,609	62,549
Consumer loans | Consumer other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,462	3,551
Residential construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 108,925	$ 87,164

Loans - Credit Quality Indicato

Loans - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,644,761	$ 1,618,482
SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Loans	22,371	19,681
Pass | SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Loans	22,371	19,681
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Loans	37,986	39,587
SBA loans held for investment | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	37,150	36,991
SBA loans held for investment | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans	518	525
SBA loans held for investment | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	318	2,071
SBA and commercial loans
Financing Receivable, Recorded Investment [Line Items]
Loans	1,043,930	997,632
SBA and commercial loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,009,810	959,487
SBA and commercial loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans	27,321	31,264
SBA and commercial loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	6,799	6,881
SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Loans	81,907	118,257
SBA PPP loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	81,907	118,257
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Loans	924,037	839,788
Commercial loans | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	710,869	630,423
Commercial loans | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	74,336	71,404
Commercial loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Loans	116,461	118,280
Commercial loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	890,753	804,239
Commercial loans | Pass | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	687,207	603,482
Commercial loans | Pass | Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	74,336	71,404
Commercial loans | Pass | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Loans	106,839	109,672
Commercial loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans	26,803	30,739
Commercial loans | Special mention | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	21,549	25,206
Commercial loans | Special mention | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Loans	5,254	5,533
Commercial loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	6,481	4,810
Commercial loans | Substandard | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	2,113	1,735
Commercial loans | Substandard | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Loans	4,368	3,075
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Loans	420,835	467,586
Residential mortgage loans | Performing
Financing Receivable, Recorded Investment [Line Items]
Loans	418,209	462,369
Residential mortgage loans | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Loans	2,626	5,217
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Loans	71,071	66,100
Consumer loans | Home equity
Financing Receivable, Recorded Investment [Line Items]
Loans	68,609	62,549
Consumer loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Loans	2,462	3,551
Consumer loans | Performing
Financing Receivable, Recorded Investment [Line Items]
Loans	71,071	64,805
Consumer loans | Performing | Home equity
Financing Receivable, Recorded Investment [Line Items]
Loans	68,609	61,254
Consumer loans | Performing | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Loans	2,462	3,551
Consumer loans | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Loans		1,295
Consumer loans | Nonperforming | Home equity
Financing Receivable, Recorded Investment [Line Items]
Loans		1,295
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Loans	108,925	87,164
Residential construction loans | Performing
Financing Receivable, Recorded Investment [Line Items]
Loans	106,288	85,414
Residential construction loans | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Loans	2,637	1,750
Residential mortgage, consumer and residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Loans	600,831	620,850
Residential mortgage, consumer and residential construction loans | Performing
Financing Receivable, Recorded Investment [Line Items]
Loans	595,568	612,588
Residential mortgage, consumer and residential construction loans | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 5,263	$ 8,262

Loans - Aging Analysis of Past

Loans - Aging Analysis of Past Due and Nonaccrual Loans by Class (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Total past due	$ 26,474	$ 28,573
Financing receivable, nonaccrual status	8,802	12,060
Current	1,638,417	1,598,796
Total loans held for investment, current	1,618,287	1,589,909
Total	1,644,761	1,618,482
SBA loans held for sale	20,130	9,335
Total loans	1,664,891	1,627,817
Total loans	26,474	29,021
SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Current	22,371	19,681
Total	22,371	19,681
30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due	12,573	8,882
Total loans	12,573	9,330
60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due	2,835	7,182
90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total past due	2,264	449
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total past due	1,957	4,545
Financing receivable, nonaccrual status	660	2,473
Current	36,029	35,042
Total	37,986	39,587
SBA loans held for investment | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due	1,297	792
SBA loans held for investment | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due		1,280
SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Current	81,907	118,257
Total	81,907	118,257
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total	924,037	839,788
Commercial loans | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total past due	5,040	6,139
Financing receivable, nonaccrual status	785	1,059
Current	705,829	624,284
Total	710,869	630,423
Commercial loans | Construction
Financing Receivable, Recorded Investment [Line Items]
Total past due		1,047
Current	74,336	70,357
Total	74,336	71,404
Commercial loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total past due	2,291	653
Financing receivable, nonaccrual status	2,094	266
Current	114,170	117,627
Total	116,461	118,280
Commercial loans | 30-59 days past due | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total past due	3,686	3,109
Commercial loans | 30-59 days past due | Construction
Financing Receivable, Recorded Investment [Line Items]
Total past due		1,047
Commercial loans | 30-59 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total past due	69	186
Commercial loans | 60-89 days past due | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total past due	569	1,971
Commercial loans | 60-89 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total past due		201
Commercial loans | 90 days and still accruing | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total past due	128
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total past due	11,954	11,644
Financing receivable, nonaccrual status	2,626	5,217
Current	408,881	455,942
Total	420,835	467,586
Residential mortgage loans | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due	5,102	3,232
Residential mortgage loans | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due	2,266	2,933
Residential mortgage loans | 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total past due	1,960	262
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total	71,071	66,100
Consumer loans | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total past due	34	1,875
Financing receivable, nonaccrual status		1,295
Current	68,575	60,674
Total	68,609	62,549
Consumer loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total past due		4
Current	2,462	3,547
Total	2,462	3,551
Consumer loans | 30-59 days past due | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total past due	34	393
Consumer loans | 30-59 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total past due		3
Consumer loans | 60-89 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total past due		1
Consumer loans | 90 days and still accruing | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total past due		187
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total past due	5,198	2,666
Financing receivable, nonaccrual status	2,637	1,750
Current	103,727	84,498
Total	108,925	87,164
Residential construction loans | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due	2,385	120
Residential construction loans | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due		796
Residential construction loans | 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total past due	176
SBA loans held for sale
Financing Receivable, Recorded Investment [Line Items]
Total past due		448
Current	20,130	8,887
SBA loans held for sale	$ 20,130	9,335
SBA loans held for sale | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total past due		$ 448

Loans - Impaired Loans with Ass

Loans - Impaired Loans with Associated Allowance (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Unpaid principal balance
With no related allowance	$ 7,158	$ 10,386
With an allowance	4,983	6,566
Total individually evaluated impaired loans	12,141	16,952
Recorded investment
With no related allowance	7,005	10,180
With an allowance	3,773	5,886
Total individually evaluated impaired loans	10,778	16,066
Specific reserves	3,139	4,107
Financing receivable, nonaccrual status	8,802	12,060
SBA loans held for investment
Unpaid principal balance
With no related allowance	414	1,799
With an allowance	460	434
Total individually evaluated impaired loans	874	2,233
Recorded investment
With no related allowance	313	1,698
With an allowance	207	404
Total individually evaluated impaired loans	520	2,102
Specific reserves	161	324
Financing receivable, nonaccrual status	660	2,473
Commercial loans
Unpaid principal balance
With no related allowance	1,716	1,462
With an allowance	3,809	4,890
Total individually evaluated impaired loans	5,525	6,352
Recorded investment
With no related allowance	1,716	1,462
With an allowance	2,852	4,240
Total individually evaluated impaired loans	4,568	5,702
Specific reserves	2,811	3,682
Commercial loans | Commercial real estate
Unpaid principal balance
With no related allowance	1,716	1,462
With an allowance	986	1,730
Total individually evaluated impaired loans	2,702	3,192
Recorded investment
With no related allowance	1,716	1,462
With an allowance	139	1,080
Total individually evaluated impaired loans	1,855	2,542
Specific reserves	139	576
Financing receivable, nonaccrual status	785	1,059
Commercial loans | Consumer other
Unpaid principal balance
With an allowance	2,823	3,160
Total individually evaluated impaired loans	2,823	3,160
Recorded investment
With an allowance	2,713	3,160
Total individually evaluated impaired loans	2,713	3,160
Specific reserves	2,672	3,106
Financing receivable, nonaccrual status	2,094	266
Residential mortgage loans
Unpaid principal balance
With no related allowance	2,391	4,080
With an allowance	287	1,242
Total individually evaluated impaired loans	2,678	5,322
Recorded investment
With no related allowance	2,339	3,975
With an allowance	287	1,242
Total individually evaluated impaired loans	2,626	5,217
Specific reserves	30	101
Financing receivable, nonaccrual status	2,626	5,217
Consumer loans
Recorded investment
Total individually evaluated impaired loans	427
Consumer loans | Home equity
Unpaid principal balance
With no related allowance		1,295
With an allowance	427
Total individually evaluated impaired loans	427	1,295
Recorded investment
With no related allowance		1,295
With an allowance	427
Total individually evaluated impaired loans	427	1,295
Specific reserves	137
Financing receivable, nonaccrual status		1,295
Residential construction loans
Unpaid principal balance
With no related allowance	2,637	1,750
Total individually evaluated impaired loans	2,637	1,750
Recorded investment
With no related allowance	2,637	1,750
Total individually evaluated impaired loans	2,637	1,750
Financing receivable, nonaccrual status	2,637	1,750
Collateral Pledged | Small Business Administration
Recorded investment
Financing receivable, nonaccrual status	$ 139	$ 371

Loans - Average Recorded Invest

Loans - Average Recorded Investments and Interest Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 9,658	$ 8,669	$ 11,714	$ 8,922
Interest income recognized on impaired loans	97	175	303	369
SBA 504 loans
Financing Receivable, Impaired [Line Items]
Average recorded investment				200
Interest income recognized on impaired loans				32
SBA loans held for investment
Financing Receivable, Impaired [Line Items]
Average recorded investment	917	1,928	1,384	1,440
Interest income recognized on impaired loans	18	24	99	30
Impaired financing receivable average recorded investment, guaranteed by Small Business Administration	173	1,200	202	687
Commercial loans | Commercial real estate
Financing Receivable, Impaired [Line Items]
Average recorded investment	1,355	1,081	1,904	1,137
Interest income recognized on impaired loans	42	26	119	67
Commercial loans | Consumer other
Financing Receivable, Impaired [Line Items]
Average recorded investment	727	50	457	51
Interest income recognized on impaired loans	1		11	25
Commercial real estate | Construction
Financing Receivable, Impaired [Line Items]
Interest income recognized on impaired loans		33		33
Residential mortgage loans
Financing Receivable, Impaired [Line Items]
Average recorded investment	3,571	4,850	4,705	5,533
Interest income recognized on impaired loans	13	63	13	129
Consumer loans | Home equity
Financing Receivable, Impaired [Line Items]
Average recorded investment	427	760	572	536
Interest income recognized on impaired loans	5	$ 29	23	53
Consumer loans | Consumer other
Financing Receivable, Impaired [Line Items]
Average recorded investment	2		1
Residential construction loans
Financing Receivable, Impaired [Line Items]
Average recorded investment	2,659		2,691	$ 25
Interest income recognized on impaired loans	$ 18		$ 38

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructuring (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)loan	Sep. 30, 2020USD ($)loan	Dec. 31, 2020USD ($)
Financing Receivable, Impaired [Line Items]
Average recorded investment | $	$ 9,658	$ 8,669	$ 11,714	$ 8,922
Number of loans modified as a TDR | loan			2	0
Number of loans modified as TDR, subsequent default | loan			0
Number of loans modified as TDRs | loan			2	0
Troubled Debt Restructuring (TDR)
Financing Receivable, Impaired [Line Items]
Impaired loan reserve | $	$ 0		$ 0		$ 0
Troubled Debt Restructuring (TDR) | Performing
Financing Receivable, Impaired [Line Items]
Average recorded investment | $			$ 1,100		$ 663

Loans - Troubled Debt Restruc_2

Loans - Troubled Debt Restructuring Financing Receivable (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)loan	Sep. 30, 2020loan	Dec. 31, 2020USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified as TDRs | loan	2	0
Recorded investment at time of modification | $	$ 10,778		$ 16,066
Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified as TDRs | loan	2
Recorded investment at time of modification | $	$ 427
Home equity | Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified as TDRs | loan	2
Recorded investment at time of modification | $	$ 427		$ 1,295

Allowance for Loan Losses and_3

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments - Activity in the Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 22,801	$ 20,234	$ 23,105	$ 16,395
Charge-offs	(306)	(1)	(1,146)	(745)
Recoveries	42	4	78	587
Net (charge-offs) recoveries	(264)	3	(1,068)	(158)
Provision for (credit to) loan losses charged to expense		2,000	500	6,000
Balance, end of period	22,537	22,237	22,537	22,237
SBA loans held for investment
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	1,686	1,004	1,301	1,079
Charge-offs	(145)	(1)	(591)	(27)
Recoveries		3	34	83
Net (charge-offs) recoveries	(145)	2	(557)	56
Provision for (credit to) loan losses charged to expense	(763)	388	34	259
Balance, end of period	778	1,394	778	1,394
Commercial loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	15,011	12,336	14,992	9,722
Charge-offs	(158)		(551)	(518)
Recoveries		1	2	504
Net (charge-offs) recoveries	(158)	1	(549)	(14)
Provision for (credit to) loan losses charged to expense	983	963	1,393	3,592
Balance, end of period	15,836	13,300	15,836	13,300
Residential mortgage loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	4,604	5,439	5,318	4,254
Charge-offs				(200)
Recoveries	42		42
Net (charge-offs) recoveries	42		42	(200)
Provision for (credit to) loan losses charged to expense	(540)	485	(1,254)	1,870
Balance, end of period	4,106	5,924	4,106	5,924
Consumer loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	601	611	681	681
Charge-offs	(3)		(4)
Net (charge-offs) recoveries	(3)		(4)
Provision for (credit to) loan losses charged to expense	151	66	72	(4)
Balance, end of period	749	677	749	677
Residential construction loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	899	844	813	659
Provision for (credit to) loan losses charged to expense	169	98	255	283
Balance, end of period	$ 1,068	$ 942	$ 1,068	$ 942

Allowance for Loan Losses and_4

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments - Allowance for Credit Losses on Basis of Impairment Method (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	$ 22,537	$ 22,801	$ 23,105	$ 22,237	$ 20,234	$ 16,395
Total	1,644,761		1,618,482
SBA including PPP loans held for investment
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	161		324
Collectively evaluated for impairment	617		977
Total	778		1,301
Individually evaluated for impairment	520		2,102
Collectively evaluated for impairment	119,373		155,742
Total	119,893		157,844
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	2,811		3,682
Collectively evaluated for impairment	13,025		11,310
Total	15,836	15,011	14,992	13,300	12,336	9,722
Individually evaluated for impairment	4,568		5,702
Collectively evaluated for impairment	919,469		834,086
Total	924,037		839,788
Residential mortgage loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	30		101
Collectively evaluated for impairment	4,076		5,217
Total	4,106	4,604	5,318	5,924	5,439	4,254
Individually evaluated for impairment	2,626		5,217
Collectively evaluated for impairment	418,209		462,369
Total	420,835		467,586
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	137
Collectively evaluated for impairment	612		681
Total	749	601	681	677	611	681
Individually evaluated for impairment	427		1,295
Collectively evaluated for impairment	70,644		64,805
Total	71,071		66,100
Residential construction loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment	1,068		813
Total	1,068	$ 899	813	$ 942	$ 844	$ 659
Individually evaluated for impairment	2,637		1,750
Collectively evaluated for impairment	106,288		85,414
Total	108,925		87,164
Total
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	3,139		4,107
Collectively evaluated for impairment	19,398		18,998
Total	22,537		23,105
Individually evaluated for impairment	10,778		16,066
Collectively evaluated for impairment	1,633,983		1,602,416
Total	$ 1,644,761		$ 1,618,482

Allowance for Loan Losses and_5

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Allowance for Loan Losses and Reserve for Unfunded Loan Commitments
Reserve for commitments	$ 358	$ 288

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities (Details) - Interest rate swap agreements $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)contract	Dec. 31, 2020USD ($)contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cash Collateral Pledged	$ 1,300	$ 1,500
Designated as hedging instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	40,000	80,000
Fair value	$ (115)	$ (1,026)
Weighted average pay rate	1.05%	1.19%
Weighted average receive rate	0.18%	0.89%
Weighted average maturity in years	1 year 10 months 17 days	2 years 2 months 12 days
Number of contracts | contract	2	5

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Gain (Loss) in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
AOCI (loss) gain on cash flow derivative instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI on derivatives	$ 62	$ 157	$ 654	$ (1,088)

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)shares	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)installmentshares	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award
Options, outstanding (in shares) | shares	699,333		699,333		672,800
Defined contribution plan, maximum annual contributions per employee, percent			75.00%
Defined contribution plan employer discretionary contribution amount	$ 158	$ 154	$ 618	$ 524
Deferred compensation	35	34	551	555
Interest paid on deferred fees	34	35	102	96
Deferred compensation arrangement with individual, distributions paid	3	3	9	9
Contributions	0		0
Defined benefit plans future payments	$ 3,901	3,777	$ 3,901	3,777	$ 3,845	$ 3,571
Director
Share-based Compensation Arrangement by Share-based Payment Award
Deferred compensation arrangement guaranteed award percentage			100.00%
Executive Management
Share-based Compensation Arrangement by Share-based Payment Award
Deferred compensation arrangement guaranteed award percentage			100.00%
SERP
Share-based Compensation Arrangement by Share-based Payment Award
Description of defined contribution pension and other postretirement plans			The retirement benefit under the SERP is an amount equal to sixty percent (60%) of the average of the President and CEO’s base salary for the thirty-six (36) months immediately preceding the executive’s separation from service after age 66, adjusted annually thereafter by
SERP | President and CEO
Share-based Compensation Arrangement by Share-based Payment Award
Percent of average executive base salary	60.00%		60.00%
Payment term after separation			36 months
Number of annual payments after separation | installment			15
Total estimated future payments	$ 6,400		$ 6,400
Discount rate used to calculate the present value of the benefit obligation	4.00%		4.00%
Annual vesting percentage			3.00%
Award vesting rights, percentage			100.00%
Other Postretirement Benefits Plan | Executive Management
Share-based Compensation Arrangement by Share-based Payment Award
Deferred compensation arrangement guaranteed award percentage			7.50%
Award vesting rights, percentage			100.00%
Accrued expense under the plan	$ 84		$ 84
Life insurance plan with a post retirement death benefit	250		250
Life insurance plan aggregate expenses	1	$ 1	$ 4	$ 4
Other Postretirement Benefits Plan | Executive Management | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Deferred compensation arrangement guaranteed award percentage			15.00%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period			10 years
Award expiration period			3 years
Compensation cost not yet recognized	1,200		$ 1,200
Compensation cost recognition weighted average period			1 year 10 months 24 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period			4 years
Canceled (in shares) | shares			(1,500)
Compensation cost recognition weighted average period			2 years 8 months 12 days
Nonvested awards, compensation not yet recognized, awards other than options	$ 1,500		$ 1,500
2019 Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in shares) | shares	130,850		130,850
2019 Equity Compensation Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in shares) | shares	500,000		500,000
Unvested options cancelled and returned | shares			(2,000)
2019 Equity Compensation Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in shares) | shares	91,150		91,150
Canceled (in shares) | shares			(1,500)

Employee Benefit Plans - Stock

Employee Benefit Plans - Stock Transactions - Stock Option Plans (Details) - 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
Shares
Options Outstanding, beginning shares (in shares)			672,800
Options granted (in shares)	0	0	89,000	101,000
Options exercised (in shares)	(23,869)		(60,467)	(54,611)
Options forfeited, shares			(2,000)
Options Outstanding, ending shares (in shares)	699,333		699,333		672,800
Shares Exercisable	423,179		423,179
Weighted average exercise price
Weighted Average exercise Price: Options Outstanding, beginning (in usd per share)			$ 16.42
Weighted Average Exercise Price: Options granted (in usd per share)			19.21	$ 20.39
Weighted Average Exercise Price: Options exercised (in usd per share)			7.36
Weighted Average Exercise Price: Options forfeited (in usd per share)			18.64
Weighted Average exercise Price: Options Outstanding, ending (in usd per share)	$ 17.55		17.55		$ 16.42
Weighted average exercise price, Options Exercisable (in dollars per share)	$ 16.04		$ 16.04
Weighted Average Remaining Contractual Life (in years): Options Outstanding			6 years 10 months 24 days		6 years 9 months 18 days
Weighted Average Remaining Contractual Life (in years): Options Exercisable			5 years 8 months 12 days
Aggregate Intrinsic Value: Options Outstanding	$ 4,091,753		$ 4,091,753		$ 1,952,568
Aggregate Intrinsic Value: Options Exercisable	$ 3,113,588		$ 3,113,588

Employee Benefit Plans - Fair V

Employee Benefit Plans - Fair Value Assumptions (Details) - $ / shares	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
Options granted (in shares)	0	0	89,000	101,000
Weighted Average Exercise Price: Options granted (in usd per share)			$ 19.21	$ 20.39
Weighted average fair value of options (in usd per share)			$ 7.72	$ 5.54
Expected life in years			8 years 4 months 17 days	8 years 7 months 28 days
Expected volatility			43.69%	27.13%
Risk-free interest rate			1.14%	1.55%
Dividend yield			1.68%	1.61%
Stock Options | 2019 Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)			281,500

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Information About Options Exercised (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Employee Benefit Plans
Number of options exercised (in shares)	23,869	60,467	54,611
Total intrinsic value of options exercised	$ 358,798	$ 876,580	$ 475,222
Proceeds from exercise of stock options	177,362	444,988	395,518
Tax deduction realized from options exercised	$ 66,291	$ 178,904	$ 139,216

Employee Benefit Plans - Stoc_2

Employee Benefit Plans - Stock Transactions - Stock Options Outstanding And Exercisable (Details)	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Options outstanding (in shares) | shares	699,333
Options outstanding, Weighted average remaining contractual life (in years)	6 years 10 months 24 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 17.55
Options exercisable (in shares) | shares	423,179
Options exercisable, Weighted average exercise price (in dollars per share)	$ 16.04
$6.01 - $12.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	6.01
Range of exercise prices, upper	$ 12
Options outstanding (in shares) | shares	135,800
Options outstanding, Weighted average remaining contractual life (in years)	3 years 7 months 6 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 8.85
Options exercisable (in shares) | shares	135,800
Options exercisable, Weighted average exercise price (in dollars per share)	$ 8.85
$12.01 - $18.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	12.01
Range of exercise prices, upper	$ 18
Options outstanding (in shares) | shares	130,533
Options outstanding, Weighted average remaining contractual life (in years)	7 years 4 months 24 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 16.40
Options exercisable (in shares) | shares	67,201
Options exercisable, Weighted average exercise price (in dollars per share)	$ 15.75
$18.01 - $24.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	18.01
Range of exercise prices, upper	$ 24
Options outstanding (in shares) | shares	433,000
Options outstanding, Weighted average remaining contractual life (in years)	7 years 9 months 18 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 20.62
Options exercisable (in shares) | shares	220,178
Options exercisable, Weighted average exercise price (in dollars per share)	$ 20.57

Employee Benefit Plans - Compen

Employee Benefit Plans - Compensation Expense Related To Stock Options (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 221,092	$ 185,408	$ 651,239	$ 558,682
Income tax benefit	63,896	53,583	188,208	161,459
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	184,189	166,331	537,939	500,409
Income tax benefit	$ 53,231	$ 48,069	$ 155,464	$ 144,618

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Shares
Nonvested restricted stock, beginning balance (in shares)			87,972
Granted (in shares)	8,000	2,000	48,000	17,000
Canceled (in shares)			(1,500)
Vested (in shares)			(28,758)
Nonvested restricted stock, ending balance (in shares)	105,714		105,714
Average grant date fair value
Nonvested restricted stock, beginning balance (in dollars per share)			$ 19.26
Granted (in dollars per share)	$ 22.82	$ 13.01	20.46	$ 16.20
Vested (in dollars per share)			18.79
Canceled (in dollars per share)			15.09
Nonvested restricted stock, ending balance (in dollars per share)	$ 19.99		$ 19.99

Employee Benefit Plans - Stoc_3

Employee Benefit Plans - Stock Transactions - Restricted Stock Awards (Details) - Restricted Stock - $ / shares	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
Number of shares granted (in shares)	8,000	2,000	48,000	17,000
Average grant date fair value (in usd per share)	$ 22.82	$ 13.01	$ 20.46	$ 16.20

Employee Benefit Plans - SERP N

Employee Benefit Plans - SERP Narrative (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)installment	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Defined Benefit Plan Disclosure
Benefit obligation	$ 3,901	$ 3,845	$ 3,777	$ 3,571
President and CEO | SERP
Defined Benefit Plan Disclosure
Percent of average executive base salary	60.00%
Payment term after separation	36 months
Number of annual payments after separation | installment	15
Total estimated future payments	$ 6,400
Assumptions used calculating benefit obligation, discount rate	4.00%
Annual vesting percentage	3.00%
Award vesting rights, percentage	100.00%

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Components of Net Periodic Pension Cost of Defined Benefit Plan Recognized (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
Employee Benefit Plans
Reduction in service cost	$ 18		$ (51)		$ (137)
Service cost		$ 32		$ 95
Interest cost	38	37	107	111
Amortization of prior service cost		20	332	62
Net periodic benefit cost	$ 56	$ 89	$ 388	$ 268

Employee Benefit Plans - Summ_2

Employee Benefit Plans - Summary of Changes in Benefit Obligations of Defined Benefit Plan Recognized (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
Employee Benefit Plans
Benefit obligation, beginning of year			$ 3,845	$ 3,571	$ 3,845
Reduction in service cost	$ 18		(51)		$ (137)
Service cost		$ 32		95
Interest cost	38	37	107	111
Benefit obligation, end of year	$ 3,901	$ 3,777	$ 3,901	$ 3,777

Employee Benefit Plans - Execut

Employee Benefit Plans - Executive Incentive Retirement Plan (Details) - Executive Management $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Deferred Compensation Arrangement with Individual, Postretirement Benefits
Deferred compensation arrangement, option to elect to defer fees and bonuses, percentage	100.00%
Other Postretirement Benefits Plan
Deferred Compensation Arrangement with Individual, Postretirement Benefits
Deferred compensation arrangement, option to elect to defer fees and bonuses, percentage	7.50%
Accrued employee benefits	$ 84

Regulatory Capital (Details)

Regulatory Capital (Details)	Sep. 30, 2021	Dec. 31, 2020
Compliance with Regulatory Capital Requirements under Banking Regulations
Leverage ratio	0.1070	0.1009
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations
Leverage ratio	0.1023	0.0980

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle
Operating lease right-of-use assets	$ 3,805	$ 2,365
Present value of lease liabilities	$ 3,868	$ 2,400
Minimum
New Accounting Pronouncements or Change in Accounting Principle
Operating lease, remaining contract term	1 year
Operating Lease renewal term	1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle
Operating lease, remaining contract term	10 years
Operating Lease renewal term	5 years

Leases - Cost (Details)

Leases - Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Leases
Operating lease cost	$ 155	$ 148	$ 452	$ 443
Lease, Cost, Total	155	148	452	443
Operating cash flows from operating leases	152	142	442	426
ROU assets obtained in exchange for new operating lease liabilities	$ 1,803	$ 28	$ 1,803	$ 28
Weighted average remaining lease term in years	9 years 11 months 12 days		9 years 11 months 12 days		5 years 11 months 15 days
Weighted average discount rate	3.59%		3.59%		5.45%
Operating lease right-of-use assets	$ 3,805		$ 3,805		$ 2,365

Leases - Maturity (Details)

Leases - Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Leases
2021 (excluding the nine months ended September 30, 2021)	$ 157
2022	607
2023	541
2024	492
2025	501
2026 and thereafter	2,099
Total lease payments	4,397
Less: Interest	(529)
Lease liabilities	$ 3,868	$ 2,400