Unity Bancorp (UNTY) 10-Q 10 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
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	800
Local Phone Number	618-2265
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		10,508,898
Entity Central Index Key	0000920427
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 23,997	$ 26,053
Interest-bearing deposits	85,046	218,765
Cash and cash equivalents	109,043	244,818
Securities:
Debt securities available for sale (amortized cost of $98,514 in 2022 and $56,442 in 2021)	93,972	56,480
Securities held to maturity (fair value of $32,653 in 2022 and $14,229 in 2021)	36,813	14,276
Equity securities with readily determinable fair values (amortized cost of $9,703 in 2022 and 8,163 in 2021)	9,050	8,566
Total securities	139,835	79,322
Loans:
Total loans	1,801,593	1,649,448
Allowance for loan losses	(22,858)	(22,302)
Net loans	1,778,735	1,627,146
Premises and equipment, net	19,288	19,914
Bank owned life insurance ("BOLI")	26,464	26,608
Deferred tax assets	11,933	10,040
Federal Home Loan Bank ("FHLB") stock	9,223	3,550
Accrued interest receivable	9,961	9,586
Goodwill	1,516	1,516
Prepaid expenses and other assets	11,158	11,213
Total assets	2,117,156	2,033,713
Deposits:
Noninterest-bearing demand	511,062	529,227
Interest-bearing demand	249,997	244,073
Savings	670,129	694,161
Time, under $100,000	167,462	194,961
Time, $100,000 to $250,000	63,105	62,668
Time, $250,000 and over	36,212	33,791
Total deposits	1,697,967	1,758,881
Borrowed funds	165,000	40,000
Subordinated debentures	10,310	10,310
Accrued interest payable	128	129
Accrued expenses and other liabilities	22,962	18,664
Total liabilities	1,896,367	1,827,984
Shareholders' equity:
Common stock	95,650	94,003
Retained earnings	139,394	123,037
Treasury stock	(11,633)	(11,633)
Accumulated other comprehensive(loss) income	(2,622)	322
Total shareholders' equity	220,789	205,729
Total liabilities and shareholders' equity	2,117,156	2,033,713
SBA loans held for sale
Loans:
Total loans	32,183	27,373
SBA loans held for investment
Loans:
Total loans	33,089	36,075
Allowance for loan losses	(758)	(1,074)
SBA PPP loans
Loans:
Total loans	14,216	46,450
Commercial loans
Loans:
Total loans	1,026,313	931,726
Allowance for loan losses	(14,908)	(15,053)
Residential mortgage loans
Loans:
Total loans	481,687	409,355
Allowance for loan losses	(4,786)	(4,114)
Consumer loans
Loans:
Total loans	79,645	77,944
Allowance for loan losses	(803)	(671)
Residential construction loans
Loans:
Total loans	134,460	120,525
Allowance for loan losses	$ (1,603)	$ (1,390)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position
Securities available for sale, amortized cost	$ 98,514	$ 56,442
Held to maturity securities, fair value	32,653	14,229
Equity securities, amortized cost	$ 9,703	$ 8,163
Common stock, shares issued (in shares)	11,214	11,094
Common stock, shares outstanding (in shares)	10,511	10,391
Treasury shares	703	703

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
INTEREST INCOME
Interest-bearing deposits	$ 152	$ 33	$ 248	$ 57
FHLB stock	50	53	83	116
Securities:
Taxable	1,115	253	1,768	546
Tax-exempt	10	9	16	18
Total securities	1,125	262	1,784	564
Loans:
SBA loans	926	776	1,849	1,559
SBA PPP loans	492	1,748	1,269	3,477
Commercial loans	12,414	10,734	23,910	21,210
Residential mortgage loans	4,982	4,906	9,372	10,034
Consumer loans	919	682	1,840	1,538
Residential construction loans	2,011	1,486	3,835	2,701
Total loans	21,744	20,332	42,075	40,519
Total interest income	23,071	20,680	44,190	41,256
INTEREST EXPENSE
Interest-bearing demand deposits	198	307	362	616
Savings deposits	412	419	757	851
Time deposits	419	1,171	899	2,634
Borrowed funds and subordinated debentures	285	334	511	688
Total interest expense	1,314	2,231	2,529	4,789
Net interest income	21,757	18,449	41,661	36,467
Provision for loan losses	1,188		1,009	500
Net interest income after provision for loan losses	20,569	18,449	40,652	35,967
NONINTEREST INCOME
Gain on sale of SBA loans held for sale, net		496	852	741
Gain on sale of mortgage loans, net	431	1,066	952	2,817
BOLI income	161	133	324	261
Net security (losses) gains	(498)	23	(1,055)	333
Other income	1,686	399	2,088	772
Total noninterest income	2,749	2,895	4,989	6,621
NONINTEREST EXPENSE
Compensation and benefits	6,811	6,333	13,319	12,396
Processing and communications	706	750	1,458	1,557
Occupancy	727	631	1,502	1,337
Furniture and equipment	618	659	1,194	1,308
Other loan (income) expenses, net	(5)	165	839	720
Professional services	392	339	565	671
Advertising, Net	340	403	130	308
Deposit insurance	250	225	519	439
Director fees	225	204	459	412
Loan collection expenses	36	54	93	5
Other expenses	610	697	1,044	1,110
Total noninterest expense	10,710	10,460	21,122	20,263
Income before provision for income taxes	12,608	10,884	24,519	22,325
Provision for income taxes	3,157	2,466	5,960	5,411
Net income	$ 9,451	$ 8,418	$ 18,559	$ 16,914
Net income per common share - Basic	$ 0.90	$ 0.81	$ 1.77	$ 1.62
Net income per common share - Diluted	$ 0.88	$ 0.80	$ 1.74	$ 1.60
Weighted average common shares outstanding - Basic	10,504	10,427	10,475	10,432
Weighted average common shares outstanding - Diluted	10,706	10,569	10,685	10,567
Branch fee income
NONINTEREST INCOME
Noninterest income	$ 281	$ 269	$ 556	$ 564
Service and loan fee income
NONINTEREST INCOME
Noninterest income	$ 688	$ 509	$ 1,272	$ 1,133

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income
Net income, before tax amount	$ 12,608	$ 10,884	$ 24,519	$ 22,325
Income tax expense (benefit)	3,157	2,466	5,960	5,411
Net income	9,451	8,418	18,559	16,914
Debt securities available for sale
Unrealized holding (losses) gains on securities arising during the period, before tax	(4,010)	164	(5,637)	559
Unrealized holding (losses) gains on securities arising during the period, tax	(956)	45	(1,331)	134
Unrealized holding (losses) gains on securities arising during the period, net	(3,054)	119	(4,306)	425
Less: reclassification adjustment for (losses) gains on securities included in net income, before tax	(498)	23	(1,055)	333
Less: reclassification adjustment for (losses) gains on securities included in net income, tax	(104)	5	(222)	70
Less: reclassification adjustment for (losses) gains on securities included in net income, net of tax	(394)	18	(833)	263
Total unrealized (losses) gains on securities available for sale, before tax	(3,512)	141	(4,582)	226
Total unrealized (losses) gains on securities available for sale, tax	(852)	40	(1,109)	64
Total unrealized (losses) gains on securities available for sale, net of tax	(2,660)	101	(3,473)	162
Adjustments related to defined benefit plan:
Adjustments related to defined benefit plan, Amortization of prior service cost, before tax		311		332
Adjustments related to defined benefit plan, Amortization of prior service cost, tax		88		94
Adjustments related to defined benefit plan, Amortization of prior service cost, net of tax		223		238
Total adjustments related to defined benefit plan, before tax		311		332
Total adjustments related to defined benefit plan, tax		88		94
Total adjustments related to defined benefit plan, net of tax		223		238
Net unrealized gains from cash flow hedges:
Unrealized holding gains on cash flow hedges arising during the period, before tax	(795)	18	738	825
Unrealized holding gains on cash flow hedges arising during the period, tax	(225)	5	209	233
Unrealized holding gains on cash flow hedges arising during the period, net of tax	(570)	13	529	592
Total unrealized gains on cash flow hedges, before tax	(795)	18	738	825
Total unrealized gains on cash flow hedges, tax	(225)	5	209	233
Total unrealized gains on cash flow hedges, net of tax	(570)	13	529	592
Total other comprehensive (loss) income, before tax	(4,307)	470	(3,844)	1,383
Total other comprehensive (loss) income, tax	(1,077)	133	(900)	391
Total other comprehensive (loss) income, net of tax	(3,230)	337	(2,944)	992
Total comprehensive income, before tax	8,301	11,354	20,675	23,708
Total comprehensive income, tax	2,080	2,599	5,060	5,802
Total comprehensive income, net of tax	$ 6,221	$ 8,755	$ 15,615	$ 17,906

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands		Common stock	Retained earnings	Accumulated other comprehensive income (loss)	Treasury stock	Total
Beginning Balance (in shares) at Dec. 31, 2020		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, net of tax				655		655
Dividends on common stock		$ 30	(834)			(804)
Common stock issued and related tax effects (1) (in shares)	[1]	36
Common stock issued and related tax effects (1)	[1]	$ 277				277
Acquisition of treasury stock, at cost (in shares)		(70)
Acquisition of treasury stock, at cost					(1,349)	(1,349)
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
Beginning balance at Dec. 31, 2020		$ 91,873	90,669	(1,189)	(7,442)	173,911
Increase (Decrease) in Stockholders' Equity
Net income						16,914
Other comprehensive income, net of tax				992		992
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
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, net of tax				337		337
Dividends on common stock		$ 33	(938)			(905)
Common stock issued and related tax effects (1) (in shares)	[1]	34
Common stock issued and related tax effects (1)	[1]	$ 597				597
Acquisition of treasury stock, at cost (in shares)		(40)
Acquisition of treasury stock, at cost					(877)	(877)
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
Beginning Balance (in shares) at Dec. 31, 2021		10,391				10,391
Beginning balance at Dec. 31, 2021		$ 94,003	123,037	322	(11,633)	$ 205,729
Increase (Decrease) in Stockholders' Equity
Net income			9,108			9,108
Other comprehensive income, net of tax				286		286
Dividends on common stock		$ 37	(1,045)			(1,008)
Common stock issued and related tax effects (1) (in shares)	[1]	102
Common stock issued and related tax effects (1)	[1]	$ 813				813
Ending Balance (in shares) at Mar. 31, 2022		10,493
Ending balance at Mar. 31, 2022		$ 94,853	131,100	608	(11,633)	$ 214,928
Beginning Balance (in shares) at Dec. 31, 2021		10,391				10,391
Beginning balance at Dec. 31, 2021		$ 94,003	123,037	322	(11,633)	$ 205,729
Increase (Decrease) in Stockholders' Equity
Net income						18,559
Other comprehensive income, net of tax				(2,944)		$ (2,944)
Ending Balance (in shares) at Jun. 30, 2022		10,511				10,511
Ending balance at Jun. 30, 2022		$ 95,650	139,394	(2,622)	(11,633)	$ 220,789
Beginning Balance (in shares) at Mar. 31, 2022		10,493
Beginning balance at Mar. 31, 2022		$ 94,853	131,100	608	(11,633)	214,928
Increase (Decrease) in Stockholders' Equity
Net income			9,451			9,451
Other comprehensive income, net of tax				(3,230)		(3,230)
Dividends on common stock		$ 43	(1,157)			(1,114)
Common stock issued and related tax effects (1) (in shares)	[1]	18
Common stock issued and related tax effects (1)	[1]	$ 754				$ 754
Ending Balance (in shares) at Jun. 30, 2022		10,511				10,511
Ending balance at Jun. 30, 2022		$ 95,650	$ 139,394	$ (2,622)	$ (11,633)	$ 220,789
[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
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Statement of Stockholders' Equity
Common stock, dividends, per share, cash paid (in dollars per share)	$ 0.11	$ 0.10	$ 0.09	$ 0.08

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES:
Net income	$ 18,559,000	$ 16,914,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,009,000	500,000
Net amortization of purchase premiums and discounts on securities	44,000	123,000
Depreciation and amortization	1,412,000	583,000
PPP deferred fees and costs	(1,120,000)	1,707,000
Deferred income tax benefit	(1,118,000)	(585,000)
Net security gains	0	(43,000)
Stock compensation expense	833,000	784,000
Gain on sale of mortgage loans, net	(952,000)	(3,467,000)
Gain on sale of SBA loans held for sale, net	(852,000)	(741,000)
Origination of mortgage loans sold	(49,356,000)	(183,843,000)
Origination of SBA loans held for sale	(20,108,000)	(7,178,000)
Proceeds from sale of mortgage loans, net	50,308,000	187,310,000
Proceeds from sale of SBA loans held for sale, net	7,609,000	6,466,000
BOLI income	(324,000)	(261,000)
Net change in other assets and liabilities	5,896,000	1,446,000
Net cash provided by operating activities	11,840,000	19,715,000
INVESTING ACTIVITIES
Purchases of securities held to maturity	(26,748,000)	(5,836,000)
Purchase of equity securities	(1,539,000)	0
Purchases of securities available for sale	(44,904,000)	(3,500,000)
Purchases of FHLB stock, at cost	(10,407,000)	(29,741,000)
Maturities and principal payments on securities held to maturity	4,244,000	3,836,000
Maturities and principal payments on debt securities available for sale	2,752,000	9,406,000
Proceeds from sales of debt securities available for sale	0	7,048,000
Proceeds from redemption of FHLB stock	4,734,000	31,275,000
Net decrease (increase) in SBA PPP loans	33,356,000	(15,962,000)
Net increase in loans	(172,173,000)	(11,037,000)
Proceeds from BOLI	468,000	215,000
Proceeds from sale of premises and equipment	0	20,000
Purchases of premises and equipment	(97,000)	(411,000)
Net cash used in investing activities	(210,314,000)	(14,687,000)
FINANCING ACTIVITIES
Net (increase) decrease in deposits	(60,913,000)	36,357,000
Proceeds from new borrowings	125,000,000	125,000,000
Repayments of borrowings	0	(160,000,000)
Proceeds from exercise of stock options	953,537	267,626
Fair market value of shares withheld to cover employee tax liability	(220,000)	(177,000)
Dividends on common stock	(2,122,000)	(1,709,000)
Purchase of treasury stock	0	(2,226,000)
Net cash provided by (used in) financing activities	62,699,000	(2,487,000)
(Decrease) increase in cash and cash equivalents	(135,775,000)	2,541,000
Cash and cash equivalents, beginning of period	244,818,000	219,311,000
Cash and cash equivalents, end of period	109,043,000	221,852,000
SUPPLEMENTAL DISCLOSURES
Interest paid	2,531,000	4,806,000
Income taxes paid	4,687,000	6,780,000
Noncash investing activities:
Establishment of lease liability and right-of-use asset	582,000	0
Capitalization of servicing rights	$ 131,000	$ 125,000

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
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 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 six months ended June 30, 2022 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, 2021. Risks and Uncertainties 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. 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, although banks have continued to submit rates for the calculation of LIBOR in 2022, 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, bankng regulators in the United States have required indired depository institutions in the United states to cease originating loans using LIBOR as a rate index as of December 31, 2021, and in March 2022 Congress adopted legislation providing for the replacement of LIBOR indexes in contracts without fall back language with the Secured Overnight Financing Rate, and for the Federal Reserve to adopt regulation by September of 2022 implementing this change. It is unclear at the time what effect these changes may have on the values of 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. 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	6 Months Ended
	Jun. 30, 2022
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	6 Months Ended
	Jun. 30, 2022
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 June 30, ​ For the six months ended June 30, (In thousands, except per share amounts) 2022 2021 2022 2021 Net income ​ $ 9,451 ​ $ 8,418 ​ ​ $ 18,559 ​ $ 16,914 Weighted average common shares outstanding - Basic ​ 10,504 ​ 10,427 ​ ​ 10,475 ​ 10,432 Plus: Potential dilutive common stock equivalents ​ 202 ​ 142 ​ ​ 210 ​ 135 Weighted average common shares outstanding - Diluted ​ 10,706 ​ 10,569 ​ ​ 10,685 ​ 10,567 Net income per common share - Basic ​ $ 0.90 ​ $ 0.81 ​ ​ $ 1.77 ​ $ 1.62 Net income per common share - Diluted ​ 0.88 ​ 0.80 ​ ​ 1.74 ​ 1.60 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive ​ — ​ 247 ​ ​ — ​ 262 ​

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022, the Company reported income tax expense of $3.2 million for an effective tax rate of 25.0 percent, compared to an income tax expense of $2.5 million and an effective tax rate of 22.7 percent for the prior year’s quarter. For the six months ended June 30, 2022, the Company reported income tax expense of $6.0 million for an effective tax rate of 24.3 percent, compared to an income tax expense of $5.4 million and an effective tax rate of 24.2 percent for the six months ended June 30, 2021. The Company did not recognize or accrue any interest or penalties related to income taxes during the three or six months ended June 30, 2022 or 2021. The Company did not have an accrual for uncertain tax positions as of June 30, 2022 or December 31, 2021, 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 2017 and thereafter are subject to future examination by tax authorities. ​

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2022
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 six months ended June 30, 2022 and 2021, net of tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2022 ​ ​ Adjustments ​ Accumulated ​ Net unrealized related to Net unrealized other ​ losses on defined benefit gains (losses) from comprehensive (In thousands) ​ securities plan cash flow hedges income (loss) Balance, beginning of period ​ $ (784) ​ $ — ​ $ 1,392 ​ $ 608 Other comprehensive loss before reclassifications ​ (3,054) ​ ​ — ​ ​ (570) ​ (3,624) Less amounts reclassified from accumulated other comprehensive loss ​ (394) ​ ​ — ​ ​ — ​ (394) Period change ​ (2,660) ​ — ​ (570) ​ (3,230) Balance, end of period ​ $ (3,444) ​ $ — ​ $ 822 ​ $ (2,622) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 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) gains Balance, beginning of period ​ $ (153) ​ $ (223) ​ $ (158) ​ $ (534) Other comprehensive income before reclassifications ​ 119 ​ ​ — ​ ​ 13 ​ 132 Less amounts reclassified from accumulated other comprehensive income (loss) ​ 18 ​ ​ (223) ​ ​ — ​ (205) Period change ​ 101 ​ 223 ​ 13 ​ 337 Balance, end of period ​ $ (52) ​ $ — ​ $ (145) ​ $ (197) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2022 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to gains other ​ gains (losses) on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges income (loss) Balance, beginning of period ​ $ 29 ​ $ — ​ $ 293 ​ $ 322 Other comprehensive (loss) income before reclassifications ​ (4,306) ​ ​ — ​ ​ 529 ​ (3,777) Less amounts reclassified from accumulated other comprehensive loss ​ (833) ​ ​ — ​ ​ — ​ (833) Period change ​ (3,473) ​ — ​ 529 ​ (2,944) Balance, end of period ​ $ (3,444) ​ $ — ​ $ 822 ​ $ (2,622) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 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 ​ 425 ​ ​ — ​ ​ 592 ​ 1,017 Less amounts reclassified from accumulated other comprehensive income (loss) ​ 263 ​ ​ (238) ​ ​ — ​ 25 Period change ​ 162 ​ 238 ​ 592 ​ 992 Balance, end of period ​ $ (52) ​ $ — ​ $ (145) ​ $ (197) ​

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022, the fair value of the Company’s AFS debt securities portfolio was $94.0 million. Approximately 19 percent of the portfolio was made up of residential mortgage-backed securities, which had a fair value of $17.5 million at June 30, 2022. Approximately $16.7 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 June 30, 2022. 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 June 30, 2022. 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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, (In thousands) 2022 2021 ​ 2022 2021 Balance at beginning of period $ 4,895 $ 4,538 ​ $ 5,074 $ 4,400 Purchases/additions ​ ​ — ​ ​ — ​ ​ — ​ ​ — Sales/reductions ​ — ​ — ​ — ​ — Realized ​ — ​ — ​ — ​ — Unrealized ​ (69) ​ 137 ​ (248) ​ 275 Balance at end of period ​ $ 4,826 ​ $ 4,675 ​ $ 4,826 ​ $ 4,675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2022, the fair value of the Company’s equity securities portfolio was $9.1 million. All of the Company’s equity securities were classified as Level 2 assets at June 30, 2022. 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 June 30, 2022, as compared to the periods ended December 31, 2021 and June 30, 2021. 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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2022 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 ​ $ 17,290 ​ $ — ​ $ 17,290 ​ $ — State and political subdivisions ​ $ 854 ​ $ — ​ $ 854 ​ $ — Residential mortgage-backed securities ​ 17,491 ​ — ​ 17,491 ​ — Corporate and other securities ​ 58,337 ​ — ​ 53,511 ​ 4,826 Total debt securities available for sale ​ $ 93,972 ​ $ — ​ $ 89,146 ​ $ 4,826 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ 9,050 ​ — ​ 9,050 ​ — Total equity securities ​ $ 9,050 ​ $ — ​ $ 9,050 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ 35,291 ​ — ​ 35,291 ​ — Total loans held for sale ​ $ 35,291 ​ $ — ​ $ 35,291 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ 1,147 ​ — ​ 1,147 ​ — Total swap agreements ​ $ 1,147 ​ $ — ​ $ 1,147 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value Measurements at December 31, 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: ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — ​ $ — ​ $ — ​ $ — State and political subdivisions ​ 994 ​ — ​ 994 ​ — Residential mortgage-backed securities ​ 9,749 ​ — ​ 9,749 ​ — Corporate and other securities ​ 45,737 ​ — ​ 40,663 ​ 5,074 Total debt securities available for sale ​ $ 56,480 ​ $ — ​ $ 51,406 ​ $ 5,074 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ 8,566 ​ — ​ 8,566 ​ — Total equity securities ​ $ 8,566 ​ $ — ​ $ 8,566 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ 31,014 ​ — ​ 31,014 ​ — Total loans held for sale ​ $ 31,014 ​ $ — ​ $ 31,014 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ 816 ​ — ​ 816 ​ — Total swap agreements ​ $ 816 ​ $ — ​ $ 816 ​ $ — ​ 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 June 30, 2022 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 ​ $ 8,394 ​ $ — ​ $ — ​ $ 8,394 ​ $ (815) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2021 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 Measured on a non-recurring basis: ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Impaired collateral-dependent loans ​ 8,928 ​ — ​ — ​ 8,928 ​ (1,284) ​ 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.” 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 June 30, 2022, the valuation allowance for impaired loans was $2.0 million compared to $2.8 million at December 31, 2021. Fair Value of Financial Instruments FASB ASC Topic 825, “Financial Instruments,” The following methods and assumptions were used to estimate the fair value of other financial instruments for which it is practicable to estimate that value: 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 June 30, 2022, the Bank had standby letters of credit outstanding of $5.6 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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ ​ Fair value ​ Carrying ​ Estimated ​ Carrying ​ Estimated (In thousands) level amount fair value amount fair value Financial assets: ​ ​ ​ ​ Cash and cash equivalents Level 1 ​ $ 109,043 ​ $ 109,043 ​ $ 244,818 ​ $ 244,818 Securities (1) Level 2 ​ 139,835 ​ 135,675 ​ 79,322 ​ 79,275 SBA loans held for sale Level 2 ​ 32,183 ​ 35,291 ​ 27,373 ​ 31,014 Loans, net of allowance for loan losses (2) Level 2 ​ 1,746,552 ​ 1,718,568 ​ 1,599,773 ​ 1,605,248 FHLB stock Level 2 ​ 9,223 ​ 9,223 ​ 3,550 ​ 3,550 Servicing assets Level 3 ​ 891 ​ 891 ​ 1,013 ​ 1,013 Accrued interest receivable Level 2 ​ 9,961 ​ 9,961 ​ 9,586 ​ 9,586 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits Level 2 ​ 1,697,967 ​ 1,686,718 ​ 1,758,881 ​ 1,755,670 Borrowed funds and subordinated debentures Level 2 ​ 175,310 ​ 173,935 ​ 50,310 ​ 50,842 Accrued interest payable Level 2 ​ 128 ​ 128 ​ 129 ​ 129 ​ (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 $5.3 million and market values of $4.9 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 $8.4 million and $8.9 million at June 30, 2022 and December 31, 2021, 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	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ ​ ​ 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 ​ $ 17,502 ​ $ — ​ $ (212) ​ $ 17,290 ​ $ — ​ $ — ​ $ — ​ $ — State and political subdivisions ​ 872 ​ 1 ​ (19) ​ 854 ​ 996 ​ 6 ​ (8) ​ 994 Residential mortgage-backed securities ​ 18,627 ​ 41 ​ (1,177) ​ 17,491 ​ 9,485 ​ 277 ​ (13) ​ 9,749 Corporate and other securities ​ 61,513 ​ — ​ (3,176) ​ 58,337 ​ 45,961 ​ 164 ​ (388) ​ 45,737 Total debt securities available for sale ​ $ 98,514 ​ $ 42 ​ $ (4,584) ​ $ 93,972 ​ $ 56,442 ​ $ 447 ​ $ (409) ​ $ 56,480 Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 28,000 ​ $ — ​ $ (3,314) ​ $ 24,686 ​ $ 10,000 ​ $ — ​ $ (67) ​ $ 9,933 State and political subdivisions ​ 1,086 ​ — ​ (5) ​ 1,081 ​ — ​ — ​ — ​ — Residential mortgage-backed securities ​ 7,727 ​ 4 ​ (845) ​ 6,886 ​ 4,276 ​ 28 ​ (8) ​ 4,296 Total securities held to maturity ​ $ 36,813 ​ $ 4 ​ $ (4,164) ​ $ 32,653 ​ $ 14,276 ​ $ 28 ​ $ (75) ​ $ 14,229 Equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ 9,703 ​ $ 157 ​ $ (810) ​ $ 9,050 ​ $ 8,163 ​ $ 486 ​ $ (83) ​ $ 8,566 ​ This table provides the remaining contractual maturities and yields of securities within the investment portfolios. The carrying value of securities at June 30, 2022 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: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 897 1.33 % $ 16,393 3.58 % $ — — % $ — — % $ 17,290 3.47 % State and political subdivisions ​ $ 200 3.87 % $ 361 3.05 % $ — — % $ 293 2.75 % $ 854 3.14 % Residential mortgage-backed securities ​ 2 4.23 ​ 549 2.57 ​ 1,195 2.39 ​ 15,745 3.41 ​ 17,491 3.31 ​ Corporate and other securities ​ — — ​ 4,949 6.71 ​ 14,367 4.79 ​ 39,021 3.33 ​ 58,337 3.98 ​ Total debt securities available for sale ​ $ 1,099 1.80 % $ 22,252 4.24 % $ 15,562 4.65 % $ 55,059 3.35 % $ 93,972 3.75 % Held to maturity at cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — — % $ — — % $ 3,000 4 % $ 25,000 3.48 % $ 28,000 3.54 % State and political subdivisions ​ $ — — % $ — — % $ — — % $ 1,086 5.19 % $ 1,086 5.19 ​ Residential mortgage-backed securities ​ ​ — ​ — ​ ​ — ​ — ​ ​ — ​ — ​ ​ 7,727 ​ 3.61 ​ ​ 7,727 ​ 3.61 ​ Total securities held to maturity ​ $ — — % $ — — % $ 3,000 — % $ 33,813 3.56 % $ 36,813 3.60 % Equity Securities at fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ — — % $ — — % $ — — % $ 9,050 2.54 % $ 9,050 2.54 % ​ 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 June 30, 2022 and December 31, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ 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: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities 8 ​ $ 17,291 ​ $ (212) ​ $ — ​ $ — ​ $ 17,290 ​ $ (212) State and political subdivisions 2 ​ $ 454 ​ $ (19) ​ $ — ​ $ — ​ $ 454 ​ $ (19) Residential mortgage-backed securities 40 ​ $ 16,993 ​ $ (1,166) ​ $ 143 ​ $ (11) ​ $ 17,136 ​ $ (1,177) Corporate and other securities 31 ​ ​ 45,734 ​ ​ (2,386) ​ ​ 9,483 ​ ​ (790) ​ ​ 55,217 ​ ​ (3,176) Total temporarily impaired securities ​ 81 ​ $ 80,472 ​ $ (3,783) ​ $ 9,626 ​ $ (801) ​ $ 90,097 ​ $ (4,584) Held to maturity: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities 11 ​ $ 24,686 ​ $ (3,314) ​ $ — ​ $ — ​ $ 24,686 ​ $ (3,314) State and political subdivisions ​ 10 ​ ​ 1,081 ​ ​ (5) ​ ​ — ​ ​ — ​ ​ 1,081 ​ ​ (5) Residential mortgage-backed securities ​ 3 ​ $ 6,008 ​ $ (845) ​ $ — ​ $ — ​ $ 6,008 ​ $ (845) Total temporarily impaired securities 24 ​ $ 31,775 ​ $ (4,164) ​ $ — ​ $ — ​ $ 31,775 ​ $ (4,164) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ 370 ​ (8) ​ — ​ — ​ 370 ​ (8) Residential mortgage-backed securities 8 ​ 1,821 ​ (13) ​ — ​ — ​ 1,821 ​ (13) Corporate and other securities 15 ​ $ 17,281 ​ $ (19) ​ $ 8,394 ​ $ (369) ​ $ 25,675 ​ $ (388) Total temporarily impaired securities 24 ​ $ 19,472 ​ $ (40) ​ $ 8,394 ​ $ (369) ​ $ 27,866 ​ $ (409) Held to maturity: ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities 3 ​ $ 9,933 ​ $ (67) ​ $ — ​ $ — ​ $ 9,933 ​ $ (67) Residential mortgage-backed securities 1 ​ 823 ​ (8) ​ — ​ — ​ 823 ​ (8) Commercial mortgage-backed securities — ​ — ​ — ​ — ​ — ​ — ​ — Total temporarily impaired securities 4 ​ $ 10,756 ​ $ (75) ​ $ — ​ $ — ​ $ 10,756 ​ $ (75) ​ 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: 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 six months ended June 30, 2022 and 2021 are detailed in the table below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) 2022 2021 ​ 2022 2021 ​ Available for sale: ​ ​ ​ ​ ​ ​ Realized gains ​ $ — ​ $ — ​ $ ​ ​ $ 43 ​ Realized losses ​ — ​ — ​ — ​ — ​ Total debt securities available for sale ​ — ​ — ​ — ​ 43 ​ Held to maturity: ​ ​ ​ ​ ​ Realized gains ​ — ​ — ​ — ​ — ​ Realized losses ​ — ​ — ​ — ​ — ​ Total securities held to maturity ​ — ​ — ​ — ​ — ​ Net gains on sales of securities ​ $ — ​ $ — ​ $ — ​ $ 43 ​ ​ 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 during the three and six months ended June 30, 2022, compared to $43 thousand of gross realized gains during the same period a year ago. There were no gross realized losses for the three and six months ended June 30, 2022, or 2021. 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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) 2022 2021 2022 2021 ​ Net (losses) gains recognized during the period on equity securities ​ $ (498) ​ $ 23 ​ $ (1,055) ​ $ 290 ​ Net gains (losses) recognized during the period on equity securities sold during the period ​ — ​ — ​ — ​ — ​ Unrealized (losses) gains recognized during the reporting period on equity securities still held at the reporting date ​ $ (498) ​ $ 23 ​ $ (1,055) ​ $ 290 ​ ​ ​

Loans

Loans	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) June 30, 2022 December 31, 2021 SBA loans held for investment ​ $ 33,089 ​ $ 36,075 SBA PPP loans ​ ​ 14,216 ​ ​ 46,450 Commercial loans ​ ​ ​ SBA 504 loans ​ 35,066 ​ 27,479 Commercial other ​ 112,189 ​ 109,903 Commercial real estate ​ 776,687 ​ 704,674 Commercial real estate construction ​ 102,371 ​ 89,670 Residential mortgage loans ​ 481,687 ​ 409,355 Consumer loans ​ ​ ​ ​ Home equity ​ 66,582 ​ 65,380 Consumer other ​ ​ 13,063 ​ ​ 12,564 Residential construction loans ​ ​ 134,460 ​ ​ 120,525 Total loans held for investment ​ $ 1,769,410 ​ $ 1,622,075 SBA loans held for sale ​ 32,183 ​ 27,373 Total loans ​ $ 1,801,593 ​ $ 1,649,448 ​ 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. 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. 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: 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 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. 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 the application period was extended through August 8, 2020. As an existing SBA 7(a) lender, the Company opted to participate in the program. The PPP program was renewed in 2021. 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” , sponsored by Upgrade, 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, to purchase consumer unsecured loans. This loan product has a fixed rate, a fully amortizing term for up to five years and a maximum loan size of $50 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. 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 The Company places all SBA 7(a) and commercial loans into various credit risk rating categories based on an assessment of the expected ability of the borrowers to properly service their debt. The assessment considers numerous factors including, but not limited to, current financial information on the borrower, historical payment experience, strength of any guarantor, nature of and value of any collateral, acceptability of the loan structure and documentation, relevant public information and current economic trends. This credit risk rating analysis is performed when the loan is initially underwritten and then annually based on set criteria in the loan policy. The Company uses the following regulatory definitions for criticized and classified risk ratings: Pass: Special Mention: Substandard: Loss: These loans have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, based on currently existing facts, conditions and values. Once a borrower is deemed incapable of repayment of unsecured debt, the loan is termed a “Loss”, and charged-off immediately. 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 June 30, 2022, there were $2.1 million of residential consumer loans in the process of foreclosure, compared to $106 thousand at December 31, 2021. The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ SBA & Commercial loans - Internal risk ratings (In thousands) Pass Special mention Substandard Total SBA loans held for investment ​ $ 32,535 ​ $ 229 ​ $ 325 ​ $ 33,089 SBA PPP loans ​ ​ 14,216 ​ ​ — ​ ​ — ​ ​ 14,216 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ 35,066 ​ — ​ — ​ 35,066 Commercial other ​ 104,181 ​ 5,709 ​ 2,299 ​ 112,189 Commercial real estate ​ 765,256 ​ 9,524 ​ 1,907 ​ 776,687 Commercial real estate construction ​ 102,371 ​ — ​ — ​ 102,371 Total commercial loans ​ 1,006,874 ​ 15,233 ​ 4,206 ​ 1,026,313 Total SBA and commercial loans ​ $ 1,053,625 ​ $ 15,462 ​ $ 4,531 ​ $ 1,073,618 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage, Consumer & Residential construction loans - Performing/Nonperforming (In thousands) ​ ​ Performing Nonperforming Total Residential mortgage loans ​ ​ ​ ​ $ 479,019 ​ $ 2,668 ​ $ 481,687 Consumer loans ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ 66,582 ​ — ​ 66,582 Consumer other ​ ​ ​ ​ ​ 13,063 ​ ​ — ​ ​ 13,063 Total consumer loans ​ ​ ​ ​ ​ 79,645 ​ ​ — ​ ​ 79,645 Residential construction loans ​ ​ ​ ​ ​ 131,769 ​ ​ 2,691 ​ ​ 134,460 Total residential mortgage, consumer and residential construction loans ​ ​ ​ ​ $ 690,433 ​ $ 5,359 ​ $ 695,792 ​ 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, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ SBA & Commercial loans - Internal risk ratings (In thousands) Pass Special mention Substandard Total SBA loans held for investment ​ $ 34,959 ​ $ 745 ​ $ 371 ​ $ 36,075 SBA PPP loans ​ ​ 46,450 ​ ​ — ​ ​ — ​ ​ 46,450 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ 27,479 ​ — ​ — ​ 27,479 Commercial other ​ 105,388 ​ 1,976 ​ 2,539 ​ 109,903 Commercial real estate ​ 694,627 ​ 7,980 ​ 2,067 ​ 704,674 Commercial real estate construction ​ 86,770 ​ 2,900 ​ — ​ 89,670 Total commercial loans ​ 914,264 ​ 12,856 ​ 4,606 ​ 931,726 Total SBA and commercial loans ​ $ 995,673 ​ $ 13,601 ​ $ 4,977 ​ $ 1,014,251 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage, Consumer & Residential construction loans - Performing/Nonperforming (In thousands) ​ ​ Performing ​ Nonperforming ​ Total Residential mortgage loans ​ ​ $ 406,093 ​ $ 3,262 ​ $ 409,355 Consumer loans ​ ​ ​ ​ ​ Home equity ​ ​ 65,170 ​ 210 ​ 65,380 Consumer other ​ ​ ​ ​ ​ 12,564 ​ ​ — ​ ​ 12,564 Total consumer loans ​ ​ ​ ​ ​ 77,734 ​ ​ 210 ​ ​ 77,944 Residential construction loans ​ ​ ​ ​ ​ 117,403 ​ ​ 3,122 ​ ​ 120,525 Total residential mortgage, consumer and residential construction loans ​ ​ $ 601,230 ​ $ 6,594 ​ $ 607,824 ​ 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 following tables set forth an aging analysis of past due and nonaccrual loans as of June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ ​ ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ Nonaccrual ​ due ​ Current ​ Total loans SBA loans held for investment ​ $ 242 ​ $ — ​ $ — ​ $ 604 ​ $ 846 ​ $ 32,243 ​ $ 33,089 SBA PPP loans ​ ​ 6 ​ ​ 282 ​ ​ — ​ ​ — ​ ​ 288 ​ ​ 13,928 ​ ​ 14,216 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 35,066 ​ 35,066 Commercial other ​ 363 ​ — ​ — ​ 1,351 ​ 1,714 ​ 110,475 ​ 112,189 Commercial real estate ​ 2,381 ​ — ​ — ​ 366 ​ 2,747 ​ 773,940 ​ 776,687 Commercial real estate construction ​ — ​ — ​ — ​ — ​ — ​ 102,371 ​ 102,371 Residential mortgage loans ​ 1,317 ​ 1,721 ​ 43 ​ 2,668 ​ 5,749 ​ 475,938 ​ 481,687 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ — ​ — ​ — ​ — ​ — ​ 66,582 ​ 66,582 Consumer other ​ ​ 67 ​ ​ 24 ​ ​ 15 ​ ​ — ​ ​ 106 ​ ​ 12,957 ​ ​ 13,063 Residential construction loans ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,691 ​ ​ 2,691 ​ ​ 131,769 ​ ​ 134,460 Total loans held for investment ​ ​ 4,376 ​ ​ 2,027 ​ ​ 58 ​ ​ 7,680 ​ ​ 14,141 ​ ​ 1,755,269 ​ ​ 1,769,410 SBA loans held for sale ​ 48 ​ — ​ — ​ — ​ 48 ​ 32,135 ​ 32,183 Total loans ​ $ 4,424 ​ $ 2,027 ​ $ 58 ​ $ 7,680 ​ $ 14,189 ​ $ 1,787,404 ​ $ 1,801,593 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ ​ ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ Nonaccrual ​ due ​ Current ​ Total loans SBA loans held for investment ​ $ 1,558 ​ $ — ​ $ — ​ $ 510 ​ $ 2,068 ​ $ 34,007 ​ $ 36,075 SBA PPP loans ​ ​ — ​ ​ 79 ​ ​ — ​ ​ — ​ ​ 79 ​ ​ 46,371 ​ ​ 46,450 Commercial loans ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 27,479 ​ 27,479 Commercial other ​ — ​ 33 ​ — ​ 2,216 ​ 2,249 ​ 107,654 ​ 109,903 Commercial real estate ​ 334 ​ 565 ​ — ​ 366 ​ 1,265 ​ 703,409 ​ 704,674 Commercial real estate construction ​ — ​ — ​ — ​ — ​ — ​ 89,670 ​ 89,670 Residential mortgage loans ​ 3,688 ​ — ​ — ​ 3,262 ​ 6,950 ​ 402,405 ​ 409,355 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ 39 ​ — ​ — ​ 210 ​ 249 ​ 65,131 ​ 65,380 Consumer other ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 12,564 ​ ​ 12,564 Residential construction loans ​ ​ — ​ ​ 845 ​ ​ — ​ ​ 3,122 ​ ​ 3,967 ​ ​ 116,558 ​ ​ 120,525 Total loans held for investment ​ ​ 5,619 ​ ​ 1,522 ​ ​ — ​ ​ 9,686 ​ ​ 16,827 ​ ​ 1,605,248 ​ ​ 1,622,075 SBA loans held for sale ​ — ​ — ​ — ​ — ​ — ​ 27,373 ​ 27,373 Total loans ​ $ 5,619 ​ $ 1,522 ​ $ — ​ $ 9,686 ​ $ 16,827 ​ $ 1,632,621 ​ $ 1,649,448 ​ 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. 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. 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 June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ Unpaid ​ ​ ​ ​ ​ ​ principal ​ Recorded ​ Specific (In thousands) ​ balance ​ investment ​ reserves With no related allowance: ​ ​ ​ ​ SBA loans held for investment ​ $ 642 ​ $ 542 ​ $ — Commercial loans ​ ​ ​ Commercial other ​ ​ 153 ​ ​ 93 ​ ​ — Commercial real estate ​ 3,254 ​ 2,319 ​ — Total commercial loans ​ 3,407 ​ 2,412 ​ — Residential mortgage loans ​ ​ 1,323 ​ ​ 1,323 ​ ​ — Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ — ​ ​ — ​ ​ — Residential construction loans ​ ​ 1,873 ​ ​ 1,873 ​ ​ — Total impaired loans with no related allowance ​ 7,245 ​ 6,150 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment ​ 93 ​ 62 ​ 62 Commercial loans ​ ​ ​ Commercial other ​ 2,110 ​ 1,610 ​ ​ 1,610 Commercial real estate ​ — ​ — ​ — Total commercial loans ​ 2,110 ​ 1,610 ​ 1,610 Residential mortgage loans ​ ​ 1,385 ​ ​ 1,345 ​ ​ 90 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 417 ​ ​ 417 ​ ​ 46 Residential construction loans ​ ​ 818 ​ ​ 818 ​ ​ 200 Total impaired loans with a related allowance ​ 4,823 ​ 4,252 ​ 2,008 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated impaired loans: ​ ​ ​ SBA loans held for investment ​ 735 ​ 604 ​ 62 Commercial loans ​ ​ ​ Commercial other ​ 2,263 ​ 1,703 ​ 1,610 Commercial real estate ​ 3,254 ​ 2,319 ​ — Total commercial loans ​ 5,517 ​ 4,022 ​ 1,610 Residential mortgage loans ​ ​ 2,708 ​ ​ 2,668 ​ ​ 90 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 417 ​ ​ 417 ​ ​ 46 Residential construction loans ​ ​ 2,691 ​ ​ 2,691 ​ ​ 200 Total individually evaluated impaired loans ​ $ 12,068 ​ $ 10,402 ​ $ 2,008 ​ 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, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Unpaid ​ ​ ​ ​ ​ ​ principal ​ Recorded ​ Specific (In thousands) ​ balance ​ investment ​ reserves With no related allowance: ​ ​ ​ ​ SBA loans held for investment ​ $ 606 ​ $ 506 ​ $ — Commercial loans ​ ​ ​ Commercial other ​ ​ 71 ​ ​ 70 ​ ​ ​ Commercial real estate ​ 1,493 ​ 1,493 ​ — Total commercial loans ​ 1,564 ​ 1,563 ​ — Residential mortgage loans ​ ​ 1,630 ​ ​ 1,630 ​ ​ — Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 210 ​ ​ 210 ​ ​ — Residential construction loans ​ ​ 2,636 ​ ​ 2,636 ​ ​ — Total impaired loans with no related allowance ​ 6,646 ​ 6,545 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment ​ 35 ​ 4 ​ 4 Commercial loans ​ ​ ​ Commercial other ​ 2,832 ​ 2,531 ​ 2,490 Commercial real estate ​ 973 ​ 126 ​ 125 Total commercial loans ​ 3,805 ​ 2,657 ​ 2,615 Residential mortgage loans ​ ​ 1,632 ​ ​ 1,632 ​ ​ 80 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ ​ 427 ​ ​ 427 ​ ​ 56 Residential construction loans ​ ​ 486 ​ ​ 486 ​ ​ 68 Total impaired loans with a related allowance ​ 6,385 ​ 5,206 ​ 2,823 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated impaired loans: ​ ​ ​ SBA loans held for investment ​ 641 ​ 510 ​ 4 Commercial loans ​ ​ ​ ​ ​ ​ Commercial other ​ 2,903 ​ 2,601 ​ 2,490 Commercial real estate ​ 2,466 ​ 1,619 ​ 125 Total commercial loans ​ 5,369 ​ 4,220 ​ 2,615 Residential mortgage loans ​ ​ 3,262 ​ ​ 3,262 ​ ​ 80 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 637 ​ ​ 637 ​ ​ 56 Residential construction loans ​ ​ 3,122 ​ ​ 3,122 ​ ​ 68 Total individually evaluated impaired loans ​ $ 13,031 ​ $ 11,751 ​ $ 2,823 ​ 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 six months ended June 30, 2022 and 2021. 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 June 30, ​ ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ income ​ ​ ​ Average ​ received ​ Average ​ recognized ​ ​ ​ recorded ​ on impaired ​ recorded ​ on impaired ​ (In thousands) ​ investment ​ loans ​ investment ​ loans ​ SBA loans held for investment ​ $ (416) ​ $ 2 ​ $ 1,334 ​ $ 64 ​ Commercial loans ​ ​ ​ ​ ​ ​ ​ Commercial other ​ 1,735 ​ 20 ​ 271 ​ 6 ​ Commercial real estate ​ 1,823 ​ 66 ​ 2,121 ​ 30 ​ Residential mortgage loans ​ ​ 2,615 ​ ​ 3 ​ ​ 4,983 ​ ​ — ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 554 ​ ​ 10 ​ ​ 444 ​ ​ 5 ​ Residential construction loans ​ ​ 3,102 ​ ​ — ​ ​ 2,805 ​ ​ 10 ​ Total ​ $ 9,413 ​ $ 101 ​ $ 11,958 ​ $ 115 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ income ​ ​ Average ​ received ​ Average ​ recognized ​ ​ recorded ​ on impaired ​ recorded ​ on impaired (In thousands) ​ investment ​ loans ​ investment ​ loans SBA loans held for investment ​ $ 540 ​ $ 20 ​ $ 1,618 ​ $ 81 Commercial loans ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — Commercial other ​ 1,961 ​ 45 ​ 322 ​ 9 Commercial real estate ​ 2,163 ​ 87 ​ 2,179 ​ 85 Residential mortgage loans ​ ​ 2,721 ​ ​ 15 ​ ​ 5,272 ​ ​ — Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 563 ​ ​ 19 ​ ​ 644 ​ ​ 23 Consumer other ​ ​ — ​ ​ — ​ ​ — ​ ​ — Residential construction loans ​ ​ 3,653 ​ ​ 33 ​ ​ 2,707 ​ ​ 20 Total ​ $ 11,601 ​ $ 219 ​ $ 12,742 ​ $ 218 ​ 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. Interest income on accruing TDRs is credited to operations primarily based upon the principal amount outstanding 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 $1.9 million and $1.1 million are included in the impaired loan numbers as of June 30, 2022 and December 31, 2021, respectively. The increase in TDRs was due to the addition of two loans, partially offset by principal pay downs. At June 30, 2022 and December 31, 2021, 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 six months ended June 30, 2022. There were two loans modified during the six months ended June 30, 2021 that were deemed to be TDRs. The following table details loans modified during the six months ended June 30, 2022, including the number of modifications and the recorded investment at the time of the modification: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2022 ​ ​ Number of ​ Recorded investment (In thousands, except number of contracts) ​ contracts ​ at time of modification Home equity ​ 2 ​ $ 872 Total ​ 2 ​ $ 872 ​ 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 six months ended June 30, 2022. 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	6 Months Ended
	Jun. 30, 2022
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. 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. 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. 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. 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 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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2022 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 941 ​ $ 14,705 ​ $ 4,284 ​ $ 642 ​ $ 1,596 ​ $ 22,168 Charge-offs ​ — ​ (501) ​ — ​ (40) ​ — ​ (541) Recoveries ​ 6 ​ 32 ​ 1 ​ 4 ​ — ​ 43 Net recoveries (charge-offs) ​ 6 ​ (469) ​ 1 ​ (36) ​ — ​ (498) Provision for (credit to) loan losses charged to expense ​ (189) ​ 672 ​ 501 ​ 197 ​ 7 ​ 1,188 Balance, end of period ​ $ 758 ​ $ 14,908 ​ $ 4,786 ​ $ 803 ​ $ 1,603 ​ $ 22,858 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,654 ​ $ 14,727 ​ $ 5,009 ​ $ 549 ​ $ 1,026 ​ $ 22,965 Charge-offs ​ (164) ​ (20) ​ — ​ — ​ — ​ (184) Recoveries ​ 19 ​ 1 ​ — ​ — ​ — ​ 20 Net charge-offs ​ (145) ​ (19) ​ — ​ — ​ — ​ (164) Provision for (credit to) loan losses charged to expense ​ 177 ​ 303 ​ (405) ​ 52 ​ (127) ​ — Balance, end of period ​ $ 1,686 ​ $ 15,011 ​ $ 4,604 ​ $ 601 ​ $ 899 ​ $ 22,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2022 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,074 ​ $ 15,053 ​ $ 4,114 ​ $ 671 ​ $ 1,390 ​ $ 22,302 Charge-offs ​ — ​ (501) ​ — ​ (46) ​ — ​ (547) Recoveries ​ 28 ​ 61 ​ 1 ​ 4 ​ — ​ 94 Net recoveries (charge-offs) ​ 28 ​ (440) ​ 1 ​ (42) ​ — ​ (453) Provision for (credit to) loan losses charged to expense ​ (344) ​ 295 ​ 671 ​ 174 ​ 213 ​ 1,009 Balance, end of period ​ $ 758 ​ $ 14,908 ​ $ 4,786 ​ $ 803 ​ $ 1,603 ​ $ 22,858 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 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 ​ (446) ​ (393) ​ — ​ (1) ​ — ​ (840) Recoveries ​ 34 ​ 2 ​ — ​ — ​ — ​ 36 Net charge-offs ​ (412) ​ (391) ​ — ​ (1) ​ — ​ (804) Provision for (credit to) loan losses charged to expense ​ 797 ​ 410 ​ (714) ​ (79) ​ 86 ​ 500 Balance, end of period ​ $ 1,686 ​ $ 15,011 ​ $ 4,604 ​ $ 601 ​ $ 899 ​ $ 22,801 ​ The following tables present loans and their related allowance for loan losses, by portfolio segment, as of June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ ​ Total Allowance for loan losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 62 ​ $ 1,610 ​ $ 90 ​ $ 46 ​ $ 200 ​ ​ $ 2,008 Collectively evaluated for impairment ​ 696 ​ 13,298 ​ 4,696 ​ 757 ​ 1,403 ​ ​ 20,850 Total ​ $ 758 ​ $ 14,908 ​ $ 4,786 ​ $ 803 ​ $ 1,603 ​ ​ $ 22,858 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 604 ​ $ 4,022 ​ $ 2,668 ​ $ 417 ​ $ 2,691 ​ ​ $ 10,402 Collectively evaluated for impairment ​ 46,701 ​ 1,022,291 ​ 479,019 ​ 79,228 ​ 131,769 ​ ​ 1,759,008 Total ​ $ 47,305 ​ $ 1,026,313 ​ $ 481,687 ​ $ 79,645 ​ $ 134,460 ​ ​ $ 1,769,410 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ ​ Total Allowance for loan losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 4 ​ $ 2,615 ​ $ 80 ​ $ 56 ​ $ 68 ​ ​ $ 2,823 Collectively evaluated for impairment ​ 1,070 ​ 12,438 ​ 4,034 ​ 615 ​ 1,322 ​ ​ 19,479 Total ​ $ 1,074 ​ $ 15,053 ​ $ 4,114 ​ $ 671 ​ $ 1,390 ​ ​ $ 22,302 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 510 ​ $ 4,220 ​ $ 3,262 ​ $ 637 ​ $ 3,122 ​ ​ $ 11,751 Collectively evaluated for impairment ​ 82,015 ​ 927,506 ​ 406,093 ​ 77,307 ​ 117,403 ​ ​ 1,610,324 Total ​ $ 82,525 ​ $ 931,726 ​ $ 409,355 ​ $ 77,944 ​ $ 120,525 ​ ​ $ 1,622,075 ​ Changes in Methodology The Company allocated an additional reserve for loans with a substandard rating, not otherwise considered for specific reserves. 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 June 30, 2022, a $486 thousand commitment reserve was reported on the balance sheet as an “other liability”, compared to a $400 thousand commitment reserve at December 31, 2021, due to a larger amount of unfunded commitments.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
New Accounting Pronouncements
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 irrevocably 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 - 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 raised 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 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,” that clarifies 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 de-designate 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 de-designating 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 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. ​ ASU 2022-01, “Derivatives and Hedging (Topic 815): ASU 2022-01 was issued to clarify the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios and financial assets. Among other things, the amended guidance established the “last-of-layer” method for making the fair value hedge accounting for these portfolios more accessible and renamed that method the “portfolio layer” method. ASU 2022-01 is effective January 1, 2023 and is not expected to have a significant impact on our consolidated financial statements. ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326): eliminates the guidance on troubled debt restructurings and requires entities to evaluate all loan modifications to determine if they result in a new loan or a continuation of the existing loan. ASU 2022-02 also requires that entities disclose current-period gross charge-offs by year of origination for loans and leases. The Company is currently evaluating the impact of the adoption of ASU 2022-02 on its consolidated financial statements.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2022
Derivative Financial Instruments and Hedging Activities
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. The Company had 1 interest rate swap designed as cash flow hedging instruments with notional amounts totaling $20.0 million at June 30, 2022, compared to 2 with notional amounts totaling $40.0 million at December 31, 2021. A summary of the Company’s outstanding interest rate swap agreements used to hedge variable rate debt at June 30, 2022 and December 31, 2021, respectively is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except percentages and years) June 30, 2022 December 31, 2021 Notional amount ​ $ 20,000 ​ $ 40,000 ​ Fair value ​ $ 1,147 ​ $ 408 ​ Weighted average pay rate ​ 0.83 % 0.98 % Weighted average receive rate ​ 0.50 % 0.19 % Weighted average maturity in years ​ 2.82 ​ 2.37 ​ Number of contracts ​ 1 ​ 2 ​ ​ During the three and six months ended June 30, 2022, 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 June 30, 2022, 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 June 30, 2022 and 2021, respectively: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) 2022 2021 ​ 2022 2021 ​ Gain (loss) recognized in OCI on derivatives ​ $ 934 ​ $ 17 ​ $ 1,557 ​ $ 824 ​ Gain (loss) reclassified from AOCI into interest expense $ 72 $ — ​ $ — $ — ​ ​

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2022
Employee Benefit Plans
Employee Benefit Plans	NOTE 12. Employee Benefit Plans Stock Option Plans The Company has maintained option plans and maintains an equity incentive plan, which allow for the grant of options to officers, employees and members of the Board of Directors. Grants of options under the Company’s plans generally vest over 3 years and must be exercised within 10 years of the date of grant. Transactions under the Company’s plans for the six months ended June 30, 2022 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, 2021 688,533 ​ $ 17.56 6.6 ​ $ 5,986,666 Options granted — ​ — ​ ​ ​ Options exercised (62,709) ​ 15.21 ​ ​ ​ Options forfeited (9,164) ​ 19.62 ​ ​ ​ Options expired — ​ — ​ ​ ​ Outstanding at June 30, 2022 616,660 ​ $ 17.76 6.3 ​ $ 5,375,207 Exercisable at June 30, 2022 ​ 486,844 ​ $ 17.26 5.7 ​ $ 4,490,215 ​ 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 June 30, 2022, 281,500 options and 182,700 shares of restricted stock have been awarded from the plan. In addition, 11,164 unvested options and 9,150 unvested shares of restricted stock were cancelled and returned to the plan leaving 56,114 shares available for future grants. The fair values of the options granted during the three and six months ended June 30, 2022 and 2021 were estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions. There were no options granted during the three months ended June 30, 2022 or 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2022 2021 ​ Number of options granted ​ — ​ 89,000 ​ Weighted average exercise price ​ $ — ​ $ 19.21 ​ Weighted average fair value of options ​ $ — ​ $ 7.72 ​ Expected life in years (1) ​ — ​ 8.38 ​ Expected volatility (2) ​ — % 43.69 % Risk-free interest rate (3) ​ — % 1.14 % Dividend yield (4) ​ — % 1.68 % ​ (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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ ​ 2022 2021 2022 2021 ​ Number of options exercised ​ 15,335 ​ 24,131 ​ ​ 62,709 ​ 36,598 ​ Total intrinsic value of options exercised ​ $ 120,065 ​ $ 347,759 ​ $ 866,357 ​ $ 517,782 ​ Cash received from options exercised ​ $ 314,323 ​ $ 187,513 ​ $ 953,537 ​ $ 267,626 ​ Tax deduction realized from options ​ $ 36,121 ​ $ 61,462 ​ $ 260,643 ​ $ 112,613 ​ ​ ​ The following table summarizes information about stock options outstanding and exercisable at June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 - $12.00 108,261 3.1 ​ $ 9.06 108,261 ​ $ 9.06 $12.01 - $18.00 123,933 6.7 ​ 16.48 85,607 ​ 16.17 $18.01 - $24.00 384,466 7.0 ​ 20.63 292,976 ​ 20.60 Total 616,600 6.3 ​ $ 17.76 486,844 ​ $ 17.26 ​ Financial Accounting Standards Board Accounting Standards Codification ("FASB ASC") Topic 718, “Compensation - Stock Compensation,” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ ​ 2022 2021 ​ 2022 2021 ​ Compensation expense ​ $ 138,417 ​ $ 222,545 ​ $ 301,743 ​ $ 430,147 ​ Income tax benefit ​ $ 40,003 ​ $ 64,316 ​ $ 87,204 ​ $ 124,313 ​ ​ As of June 30, 2022, unrecognized compensation costs related to nonvested share-based compensation arrangements granted under the Company’s plans totaled approximately $645 thousand. That cost is expected to be recognized over a weighted average period of 1.4 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 six months ended June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ Average grant ​ ​ Shares ​ date fair value Nonvested restricted stock at December 31, 2021 119,487 ​ $ 21.00 Granted 71,000 ​ 27.53 Cancelled (8,025) ​ 22.89 Vested (28,592) ​ 19.88 Nonvested restricted stock at June 30, 2022 153,870 ​ $ 24.12 ​ Restricted stock awards granted during the three and six months ended June 30, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ 2022 2021 ​ 2022 2021 Number of shares granted ​ 1,000 ​ 10,000 ​ ​ 71,000 ​ 40,000 Average grant date fair value ​ $ 28.20 ​ $ 21.60 ​ $ 27.53 ​ $ 19.99 ​ Compensation expense related to restricted stock for the three and six months ended June 30, 2022 and 2021 is detailed in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ ​ 2022 2021 ​ 2022 2021 ​ Compensation expense ​ $ 300,689 ​ $ 187,401 ​ $ 531,693 ​ $ 353,750 ​ Income tax benefit ​ $ 86,899 ​ $ 54,159 ​ $ 153,659 ​ $ 102,234 ​ ​ As of June 30, 2022, there was approximately $3.2 million of unrecognized compensation cost related to nonvested restricted stock awards granted under the Company’s equity plans. That cost is expected to be recognized over a weighted average period of 3.2 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 $219 thousand and $199 thousand to the Plan during the three months ended June 30, 2022 and 2021, respectively, and $422 thousand and $460 thousand during the six months ended June 30, 2022 and 2021, 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. Director and executive deferred compensation totaled $50 thousand and $388 thousand during the three months ended June 30, 2022 and 2021, respectively, and $585 thousand and $516 thousand during the six months ended June 30, 2022 and 2021, respectively. The interest paid on the deferred balances totaled $41 thousand and $40 thousand during the three months ended June 30, 2022 and 2021, respectively, and $77 thousand and $68 thousand during the six months ended June 30, 2022 and 2021, respectively. The fees distributed on the deferred balances totaled $3 thousand during the three months ended June 30, 2022 and 2021, and $6 thousand during the six months ended June 30, 2022 and 2021. 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 $7.2 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 six months ended June 30, 2022. The following table summarizes the components of the net periodic pension cost of the defined benefit plan recognized during the three and six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) 2022 2021 ​ 2022 2021 ​ Service cost (1) ​ $ 37 ​ $ (35) ​ $ 74 ​ $ (69) ​ Interest cost ​ 47 ​ 35 ​ 94 ​ 69 ​ Amortization of prior service cost (2) ​ — ​ 311 ​ — ​ 332 ​ Net periodic benefit cost ​ $ 84 ​ $ 311 ​ $ 168 ​ $ 332 ​ ​ (1) Reduction in service cost totaling $137 thousand in 2021 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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, (In thousands) 2022 2021 Benefit obligation, beginning of year ​ $ 4,521 ​ $ 3,845 Service cost (1) ​ 74 ​ (69) Interest cost ​ 94 ​ 69 Benefit obligation, end of period ​ $ 4,689 ​ $ 3,845 ​ (1) Reduction in service cost totaling $137 thousand in 2021 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 June 30, 2022, the Company had total year to date expenses of $66 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 $5 thousand and $1 thousand for the three months ended June 30, 2022 and 2021, and $11 thousand and $3 thousand for the six months ended June 30, 2022 and 2021. Additionally, thousand of prior period expense was reversed during the six months end June 30, 2022. This was related to changes to the members of management participating in the plan.

Regulatory Capital

Regulatory Capital	6 Months Ended
	Jun. 30, 2022
Regulatory Capital
Regulatory Capital	NOTE 13. Regulatory Capital Under the Economic Growth, Regulatory Relief and Consumer Protection Act, the Bank is considered a qualifying community banking organization, which allows the Bank to elect to opt in to the community bank leverage ratio (“CBLR”) in its call report. 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 as of June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2022 ​ ​ At December 31, 2021 ​ ​ Company Bank Company Bank CBLR 11.20 % 10.66 % 10.51 % 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Leases

Leases	6 Months Ended
	Jun. 30, 2022
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 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 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 $5.2 million at June 30, 2022 and December 31, 2021. Operating lease liabilities totaled $5.3 million at June 30, 2022 and December 31, 2021. The table below summarizes our net lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 ​ Operating lease cost ​ $ 188 ​ $ 149 ​ $ 376 ​ $ 298 ​ Net lease cost ​ $ 188 ​ $ 149 ​ $ 376 ​ $ 298 ​ ​ The table below summarizes the cash and non-cash activities associated with our leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 182 ​ $ 145 ​ $ 365 ​ $ 290 ​ ROU assets obtained in exchange for new operating lease liabilities ​ $ — ​ $ — ​ $ 582 ​ $ — ​ ​ The table below summarizes other information related to our operating leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except percentages and years) June 30, 2022 December 31, 2021 Weighted average remaining lease term in years ​ 11.18 ​ ​ 11.40 ​ Weighted average discount rate ​ 3.14 % ​ 3.20 % Operating lease right-of-use assets ​ $ 5,206 ​ $ 5,249 ​ ​ The table below summarizes the maturity of remaining lease liabilities: ​ ​ ​ ​ ​ (In thousands) June 30, 2022 2022 ​ $ 366 2023 ​ 670 2024 ​ 624 2025 ​ 623 2026 ​ 624 2027 and thereafter ​ 3,168 Total lease payments ​ $ 6,075 Less: Interest ​ (776) Present value of lease liabilities ​ $ 5,299 ​ As of June 30, 2022, the Company had not entered into any material leases that have not yet commenced.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
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 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 six months ended June 30, 2022 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, 2021.
Risks and Uncertainties	Risks and Uncertainties 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. 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, although banks have continued to submit rates for the calculation of LIBOR in 2022, 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, bankng regulators in the United States have required indired depository institutions in the United states to cease originating loans using LIBOR as a rate index as of December 31, 2021, and in March 2022 Congress adopted legislation providing for the replacement of LIBOR indexes in contracts without fall back language with the Secured Overnight Financing Rate, and for the Federal Reserve to adopt regulation by September of 2022 implementing this change. It is unclear at the time what effect these changes may have on the values of 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.
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.
Recent 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 irrevocably 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 - 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 raised 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 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,” that clarifies 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 de-designate 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 de-designating 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 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. ​ ASU 2022-01, “Derivatives and Hedging (Topic 815): ASU 2022-01 was issued to clarify the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios and financial assets. Among other things, the amended guidance established the “last-of-layer” method for making the fair value hedge accounting for these portfolios more accessible and renamed that method the “portfolio layer” method. ASU 2022-01 is effective January 1, 2023 and is not expected to have a significant impact on our consolidated financial statements. ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326): eliminates the guidance on troubled debt restructurings and requires entities to evaluate all loan modifications to determine if they result in a new loan or a continuation of the existing loan. ASU 2022-02 also requires that entities disclose current-period gross charge-offs by year of origination for loans and leases. The Company is currently evaluating the impact of the adoption of ASU 2022-02 on its consolidated financial statements.
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 $7.2 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 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 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)	6 Months Ended
	Jun. 30, 2022
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 June 30, ​ For the six months ended June 30, (In thousands, except per share amounts) 2022 2021 2022 2021 Net income ​ $ 9,451 ​ $ 8,418 ​ ​ $ 18,559 ​ $ 16,914 Weighted average common shares outstanding - Basic ​ 10,504 ​ 10,427 ​ ​ 10,475 ​ 10,432 Plus: Potential dilutive common stock equivalents ​ 202 ​ 142 ​ ​ 210 ​ 135 Weighted average common shares outstanding - Diluted ​ 10,706 ​ 10,569 ​ ​ 10,685 ​ 10,567 Net income per common share - Basic ​ $ 0.90 ​ $ 0.81 ​ ​ $ 1.77 ​ $ 1.62 Net income per common share - Diluted ​ 0.88 ​ 0.80 ​ ​ 1.74 ​ 1.60 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive ​ — ​ 247 ​ ​ — ​ 262

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2022
Other Comprehensive Income (Loss)
Changes in Other Comprehensive (Loss) Income	The following tables show the changes in other comprehensive income (loss) for the three and six months ended June 30, 2022 and 2021, net of tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2022 ​ ​ Adjustments ​ Accumulated ​ Net unrealized related to Net unrealized other ​ losses on defined benefit gains (losses) from comprehensive (In thousands) ​ securities plan cash flow hedges income (loss) Balance, beginning of period ​ $ (784) ​ $ — ​ $ 1,392 ​ $ 608 Other comprehensive loss before reclassifications ​ (3,054) ​ ​ — ​ ​ (570) ​ (3,624) Less amounts reclassified from accumulated other comprehensive loss ​ (394) ​ ​ — ​ ​ — ​ (394) Period change ​ (2,660) ​ — ​ (570) ​ (3,230) Balance, end of period ​ $ (3,444) ​ $ — ​ $ 822 ​ $ (2,622) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 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) gains Balance, beginning of period ​ $ (153) ​ $ (223) ​ $ (158) ​ $ (534) Other comprehensive income before reclassifications ​ 119 ​ ​ — ​ ​ 13 ​ 132 Less amounts reclassified from accumulated other comprehensive income (loss) ​ 18 ​ ​ (223) ​ ​ — ​ (205) Period change ​ 101 ​ 223 ​ 13 ​ 337 Balance, end of period ​ $ (52) ​ $ — ​ $ (145) ​ $ (197) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2022 ​ ​ Adjustments Net unrealized Accumulated ​ Net unrealized related to gains other ​ gains (losses) on defined benefit from cash flow comprehensive (In thousands) ​ securities plan hedges income (loss) Balance, beginning of period ​ $ 29 ​ $ — ​ $ 293 ​ $ 322 Other comprehensive (loss) income before reclassifications ​ (4,306) ​ ​ — ​ ​ 529 ​ (3,777) Less amounts reclassified from accumulated other comprehensive loss ​ (833) ​ ​ — ​ ​ — ​ (833) Period change ​ (3,473) ​ — ​ 529 ​ (2,944) Balance, end of period ​ $ (3,444) ​ $ — ​ $ 822 ​ $ (2,622) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 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 ​ 425 ​ ​ — ​ ​ 592 ​ 1,017 Less amounts reclassified from accumulated other comprehensive income (loss) ​ 263 ​ ​ (238) ​ ​ — ​ 25 Period change ​ 162 ​ 238 ​ 592 ​ 992 Balance, end of period ​ $ (52) ​ $ — ​ $ (145) ​ $ (197)

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2022
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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, (In thousands) 2022 2021 ​ 2022 2021 Balance at beginning of period $ 4,895 $ 4,538 ​ $ 5,074 $ 4,400 Purchases/additions ​ ​ — ​ ​ — ​ ​ — ​ ​ — Sales/reductions ​ — ​ — ​ — ​ — Realized ​ — ​ — ​ — ​ — Unrealized ​ (69) ​ 137 ​ (248) ​ 275 Balance at end of period ​ $ 4,826 ​ $ 4,675 ​ $ 4,826 ​ $ 4,675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2022 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 ​ $ 17,290 ​ $ — ​ $ 17,290 ​ $ — State and political subdivisions ​ $ 854 ​ $ — ​ $ 854 ​ $ — Residential mortgage-backed securities ​ 17,491 ​ — ​ 17,491 ​ — Corporate and other securities ​ 58,337 ​ — ​ 53,511 ​ 4,826 Total debt securities available for sale ​ $ 93,972 ​ $ — ​ $ 89,146 ​ $ 4,826 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ 9,050 ​ — ​ 9,050 ​ — Total equity securities ​ $ 9,050 ​ $ — ​ $ 9,050 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ 35,291 ​ — ​ 35,291 ​ — Total loans held for sale ​ $ 35,291 ​ $ — ​ $ 35,291 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ 1,147 ​ — ​ 1,147 ​ — Total swap agreements ​ $ 1,147 ​ $ — ​ $ 1,147 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value Measurements at December 31, 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: ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — ​ $ — ​ $ — ​ $ — State and political subdivisions ​ 994 ​ — ​ 994 ​ — Residential mortgage-backed securities ​ 9,749 ​ — ​ 9,749 ​ — Corporate and other securities ​ 45,737 ​ — ​ 40,663 ​ 5,074 Total debt securities available for sale ​ $ 56,480 ​ $ — ​ $ 51,406 ​ $ 5,074 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ 8,566 ​ — ​ 8,566 ​ — Total equity securities ​ $ 8,566 ​ $ — ​ $ 8,566 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for sale ​ 31,014 ​ — ​ 31,014 ​ — Total loans held for sale ​ $ 31,014 ​ $ — ​ $ 31,014 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ 816 ​ — ​ 816 ​ — Total swap agreements ​ $ 816 ​ $ — ​ $ 816 ​ $ —
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 June 30, 2022 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 ​ $ 8,394 ​ $ — ​ $ — ​ $ 8,394 ​ $ (815) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2021 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 Measured on a non-recurring basis: ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Impaired collateral-dependent loans ​ 8,928 ​ — ​ — ​ 8,928 ​ (1,284)
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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ ​ Fair value ​ Carrying ​ Estimated ​ Carrying ​ Estimated (In thousands) level amount fair value amount fair value Financial assets: ​ ​ ​ ​ Cash and cash equivalents Level 1 ​ $ 109,043 ​ $ 109,043 ​ $ 244,818 ​ $ 244,818 Securities (1) Level 2 ​ 139,835 ​ 135,675 ​ 79,322 ​ 79,275 SBA loans held for sale Level 2 ​ 32,183 ​ 35,291 ​ 27,373 ​ 31,014 Loans, net of allowance for loan losses (2) Level 2 ​ 1,746,552 ​ 1,718,568 ​ 1,599,773 ​ 1,605,248 FHLB stock Level 2 ​ 9,223 ​ 9,223 ​ 3,550 ​ 3,550 Servicing assets Level 3 ​ 891 ​ 891 ​ 1,013 ​ 1,013 Accrued interest receivable Level 2 ​ 9,961 ​ 9,961 ​ 9,586 ​ 9,586 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits Level 2 ​ 1,697,967 ​ 1,686,718 ​ 1,758,881 ​ 1,755,670 Borrowed funds and subordinated debentures Level 2 ​ 175,310 ​ 173,935 ​ 50,310 ​ 50,842 Accrued interest payable Level 2 ​ 128 ​ 128 ​ 129 ​ 129 ​ (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 $5.3 million and market values of $4.9 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 $8.4 million and $8.9 million at June 30, 2022 and December 31, 2021, respectively.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ December 31, 2021 ​ ​ ​ 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 ​ $ 17,502 ​ $ — ​ $ (212) ​ $ 17,290 ​ $ — ​ $ — ​ $ — ​ $ — State and political subdivisions ​ 872 ​ 1 ​ (19) ​ 854 ​ 996 ​ 6 ​ (8) ​ 994 Residential mortgage-backed securities ​ 18,627 ​ 41 ​ (1,177) ​ 17,491 ​ 9,485 ​ 277 ​ (13) ​ 9,749 Corporate and other securities ​ 61,513 ​ — ​ (3,176) ​ 58,337 ​ 45,961 ​ 164 ​ (388) ​ 45,737 Total debt securities available for sale ​ $ 98,514 ​ $ 42 ​ $ (4,584) ​ $ 93,972 ​ $ 56,442 ​ $ 447 ​ $ (409) ​ $ 56,480 Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 28,000 ​ $ — ​ $ (3,314) ​ $ 24,686 ​ $ 10,000 ​ $ — ​ $ (67) ​ $ 9,933 State and political subdivisions ​ 1,086 ​ — ​ (5) ​ 1,081 ​ — ​ — ​ — ​ — Residential mortgage-backed securities ​ 7,727 ​ 4 ​ (845) ​ 6,886 ​ 4,276 ​ 28 ​ (8) ​ 4,296 Total securities held to maturity ​ $ 36,813 ​ $ 4 ​ $ (4,164) ​ $ 32,653 ​ $ 14,276 ​ $ 28 ​ $ (75) ​ $ 14,229 Equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ 9,703 ​ $ 157 ​ $ (810) ​ $ 9,050 ​ $ 8,163 ​ $ 486 ​ $ (83) ​ $ 8,566
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 June 30, 2022 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: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 897 1.33 % $ 16,393 3.58 % $ — — % $ — — % $ 17,290 3.47 % State and political subdivisions ​ $ 200 3.87 % $ 361 3.05 % $ — — % $ 293 2.75 % $ 854 3.14 % Residential mortgage-backed securities ​ 2 4.23 ​ 549 2.57 ​ 1,195 2.39 ​ 15,745 3.41 ​ 17,491 3.31 ​ Corporate and other securities ​ — — ​ 4,949 6.71 ​ 14,367 4.79 ​ 39,021 3.33 ​ 58,337 3.98 ​ Total debt securities available for sale ​ $ 1,099 1.80 % $ 22,252 4.24 % $ 15,562 4.65 % $ 55,059 3.35 % $ 93,972 3.75 % Held to maturity at cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — — % $ — — % $ 3,000 4 % $ 25,000 3.48 % $ 28,000 3.54 % State and political subdivisions ​ $ — — % $ — — % $ — — % $ 1,086 5.19 % $ 1,086 5.19 ​ Residential mortgage-backed securities ​ ​ — ​ — ​ ​ — ​ — ​ ​ — ​ — ​ ​ 7,727 ​ 3.61 ​ ​ 7,727 ​ 3.61 ​ Total securities held to maturity ​ $ — — % $ — — % $ 3,000 — % $ 33,813 3.56 % $ 36,813 3.60 % Equity Securities at fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ — — % $ — — % $ — — % $ 9,050 2.54 % $ 9,050 2.54 %
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 June 30, 2022 and December 31, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ 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: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities 8 ​ $ 17,291 ​ $ (212) ​ $ — ​ $ — ​ $ 17,290 ​ $ (212) State and political subdivisions 2 ​ $ 454 ​ $ (19) ​ $ — ​ $ — ​ $ 454 ​ $ (19) Residential mortgage-backed securities 40 ​ $ 16,993 ​ $ (1,166) ​ $ 143 ​ $ (11) ​ $ 17,136 ​ $ (1,177) Corporate and other securities 31 ​ ​ 45,734 ​ ​ (2,386) ​ ​ 9,483 ​ ​ (790) ​ ​ 55,217 ​ ​ (3,176) Total temporarily impaired securities ​ 81 ​ $ 80,472 ​ $ (3,783) ​ $ 9,626 ​ $ (801) ​ $ 90,097 ​ $ (4,584) Held to maturity: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities 11 ​ $ 24,686 ​ $ (3,314) ​ $ — ​ $ — ​ $ 24,686 ​ $ (3,314) State and political subdivisions ​ 10 ​ ​ 1,081 ​ ​ (5) ​ ​ — ​ ​ — ​ ​ 1,081 ​ ​ (5) Residential mortgage-backed securities ​ 3 ​ $ 6,008 ​ $ (845) ​ $ — ​ $ — ​ $ 6,008 ​ $ (845) Total temporarily impaired securities 24 ​ $ 31,775 ​ $ (4,164) ​ $ — ​ $ — ​ $ 31,775 ​ $ (4,164) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ 370 ​ (8) ​ — ​ — ​ 370 ​ (8) Residential mortgage-backed securities 8 ​ 1,821 ​ (13) ​ — ​ — ​ 1,821 ​ (13) Corporate and other securities 15 ​ $ 17,281 ​ $ (19) ​ $ 8,394 ​ $ (369) ​ $ 25,675 ​ $ (388) Total temporarily impaired securities 24 ​ $ 19,472 ​ $ (40) ​ $ 8,394 ​ $ (369) ​ $ 27,866 ​ $ (409) Held to maturity: ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities 3 ​ $ 9,933 ​ $ (67) ​ $ — ​ $ — ​ $ 9,933 ​ $ (67) Residential mortgage-backed securities 1 ​ 823 ​ (8) ​ — ​ — ​ 823 ​ (8) Commercial mortgage-backed securities — ​ — ​ — ​ — ​ — ​ — ​ — Total temporarily impaired securities 4 ​ $ 10,756 ​ $ (75) ​ $ — ​ $ — ​ $ 10,756 ​ $ (75)
Schedule of Realized Gains (Losses) for Marketable Securities	Gross realized gains and losses on securities for the three and six months ended June 30, 2022 and 2021 are detailed in the table below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) 2022 2021 ​ 2022 2021 ​ Available for sale: ​ ​ ​ ​ ​ ​ Realized gains ​ $ — ​ $ — ​ $ ​ ​ $ 43 ​ Realized losses ​ — ​ — ​ — ​ — ​ Total debt securities available for sale ​ — ​ — ​ — ​ 43 ​ Held to maturity: ​ ​ ​ ​ ​ Realized gains ​ — ​ — ​ — ​ — ​ Realized losses ​ — ​ — ​ — ​ — ​ Total securities held to maturity ​ — ​ — ​ — ​ — ​ Net gains on sales of securities ​ $ — ​ $ — ​ $ — ​ $ 43 ​
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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) 2022 2021 2022 2021 ​ Net (losses) gains recognized during the period on equity securities ​ $ (498) ​ $ 23 ​ $ (1,055) ​ $ 290 ​ Net gains (losses) recognized during the period on equity securities sold during the period ​ — ​ — ​ — ​ — ​ Unrealized (losses) gains recognized during the reporting period on equity securities still held at the reporting date ​ $ (498) ​ $ 23 ​ $ (1,055) ​ $ 290 ​

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) June 30, 2022 December 31, 2021 SBA loans held for investment ​ $ 33,089 ​ $ 36,075 SBA PPP loans ​ ​ 14,216 ​ ​ 46,450 Commercial loans ​ ​ ​ SBA 504 loans ​ 35,066 ​ 27,479 Commercial other ​ 112,189 ​ 109,903 Commercial real estate ​ 776,687 ​ 704,674 Commercial real estate construction ​ 102,371 ​ 89,670 Residential mortgage loans ​ 481,687 ​ 409,355 Consumer loans ​ ​ ​ ​ Home equity ​ 66,582 ​ 65,380 Consumer other ​ ​ 13,063 ​ ​ 12,564 Residential construction loans ​ ​ 134,460 ​ ​ 120,525 Total loans held for investment ​ $ 1,769,410 ​ $ 1,622,075 SBA loans held for sale ​ 32,183 ​ 27,373 Total loans ​ $ 1,801,593 ​ $ 1,649,448
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 June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ SBA & Commercial loans - Internal risk ratings (In thousands) Pass Special mention Substandard Total SBA loans held for investment ​ $ 32,535 ​ $ 229 ​ $ 325 ​ $ 33,089 SBA PPP loans ​ ​ 14,216 ​ ​ — ​ ​ — ​ ​ 14,216 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ 35,066 ​ — ​ — ​ 35,066 Commercial other ​ 104,181 ​ 5,709 ​ 2,299 ​ 112,189 Commercial real estate ​ 765,256 ​ 9,524 ​ 1,907 ​ 776,687 Commercial real estate construction ​ 102,371 ​ — ​ — ​ 102,371 Total commercial loans ​ 1,006,874 ​ 15,233 ​ 4,206 ​ 1,026,313 Total SBA and commercial loans ​ $ 1,053,625 ​ $ 15,462 ​ $ 4,531 ​ $ 1,073,618 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage, Consumer & Residential construction loans - Performing/Nonperforming (In thousands) ​ ​ Performing Nonperforming Total Residential mortgage loans ​ ​ ​ ​ $ 479,019 ​ $ 2,668 ​ $ 481,687 Consumer loans ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ 66,582 ​ — ​ 66,582 Consumer other ​ ​ ​ ​ ​ 13,063 ​ ​ — ​ ​ 13,063 Total consumer loans ​ ​ ​ ​ ​ 79,645 ​ ​ — ​ ​ 79,645 Residential construction loans ​ ​ ​ ​ ​ 131,769 ​ ​ 2,691 ​ ​ 134,460 Total residential mortgage, consumer and residential construction loans ​ ​ ​ ​ $ 690,433 ​ $ 5,359 ​ $ 695,792 ​ 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, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ SBA & Commercial loans - Internal risk ratings (In thousands) Pass Special mention Substandard Total SBA loans held for investment ​ $ 34,959 ​ $ 745 ​ $ 371 ​ $ 36,075 SBA PPP loans ​ ​ 46,450 ​ ​ — ​ ​ — ​ ​ 46,450 Commercial loans ​ ​ ​ ​ SBA 504 loans ​ 27,479 ​ — ​ — ​ 27,479 Commercial other ​ 105,388 ​ 1,976 ​ 2,539 ​ 109,903 Commercial real estate ​ 694,627 ​ 7,980 ​ 2,067 ​ 704,674 Commercial real estate construction ​ 86,770 ​ 2,900 ​ — ​ 89,670 Total commercial loans ​ 914,264 ​ 12,856 ​ 4,606 ​ 931,726 Total SBA and commercial loans ​ $ 995,673 ​ $ 13,601 ​ $ 4,977 ​ $ 1,014,251 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage, Consumer & Residential construction loans - Performing/Nonperforming (In thousands) ​ ​ Performing ​ Nonperforming ​ Total Residential mortgage loans ​ ​ $ 406,093 ​ $ 3,262 ​ $ 409,355 Consumer loans ​ ​ ​ ​ ​ Home equity ​ ​ 65,170 ​ 210 ​ 65,380 Consumer other ​ ​ ​ ​ ​ 12,564 ​ ​ — ​ ​ 12,564 Total consumer loans ​ ​ ​ ​ ​ 77,734 ​ ​ 210 ​ ​ 77,944 Residential construction loans ​ ​ ​ ​ ​ 117,403 ​ ​ 3,122 ​ ​ 120,525 Total residential mortgage, consumer and residential construction loans ​ ​ $ 601,230 ​ $ 6,594 ​ $ 607,824
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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ ​ ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ Nonaccrual ​ due ​ Current ​ Total loans SBA loans held for investment ​ $ 242 ​ $ — ​ $ — ​ $ 604 ​ $ 846 ​ $ 32,243 ​ $ 33,089 SBA PPP loans ​ ​ 6 ​ ​ 282 ​ ​ — ​ ​ — ​ ​ 288 ​ ​ 13,928 ​ ​ 14,216 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 35,066 ​ 35,066 Commercial other ​ 363 ​ — ​ — ​ 1,351 ​ 1,714 ​ 110,475 ​ 112,189 Commercial real estate ​ 2,381 ​ — ​ — ​ 366 ​ 2,747 ​ 773,940 ​ 776,687 Commercial real estate construction ​ — ​ — ​ — ​ — ​ — ​ 102,371 ​ 102,371 Residential mortgage loans ​ 1,317 ​ 1,721 ​ 43 ​ 2,668 ​ 5,749 ​ 475,938 ​ 481,687 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ — ​ — ​ — ​ — ​ — ​ 66,582 ​ 66,582 Consumer other ​ ​ 67 ​ ​ 24 ​ ​ 15 ​ ​ — ​ ​ 106 ​ ​ 12,957 ​ ​ 13,063 Residential construction loans ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,691 ​ ​ 2,691 ​ ​ 131,769 ​ ​ 134,460 Total loans held for investment ​ ​ 4,376 ​ ​ 2,027 ​ ​ 58 ​ ​ 7,680 ​ ​ 14,141 ​ ​ 1,755,269 ​ ​ 1,769,410 SBA loans held for sale ​ 48 ​ — ​ — ​ — ​ 48 ​ 32,135 ​ 32,183 Total loans ​ $ 4,424 ​ $ 2,027 ​ $ 58 ​ $ 7,680 ​ $ 14,189 ​ $ 1,787,404 ​ $ 1,801,593 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ ​ ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ Nonaccrual ​ due ​ Current ​ Total loans SBA loans held for investment ​ $ 1,558 ​ $ — ​ $ — ​ $ 510 ​ $ 2,068 ​ $ 34,007 ​ $ 36,075 SBA PPP loans ​ ​ — ​ ​ 79 ​ ​ — ​ ​ — ​ ​ 79 ​ ​ 46,371 ​ ​ 46,450 Commercial loans ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 27,479 ​ 27,479 Commercial other ​ — ​ 33 ​ — ​ 2,216 ​ 2,249 ​ 107,654 ​ 109,903 Commercial real estate ​ 334 ​ 565 ​ — ​ 366 ​ 1,265 ​ 703,409 ​ 704,674 Commercial real estate construction ​ — ​ — ​ — ​ — ​ — ​ 89,670 ​ 89,670 Residential mortgage loans ​ 3,688 ​ — ​ — ​ 3,262 ​ 6,950 ​ 402,405 ​ 409,355 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ 39 ​ — ​ — ​ 210 ​ 249 ​ 65,131 ​ 65,380 Consumer other ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 12,564 ​ ​ 12,564 Residential construction loans ​ ​ — ​ ​ 845 ​ ​ — ​ ​ 3,122 ​ ​ 3,967 ​ ​ 116,558 ​ ​ 120,525 Total loans held for investment ​ ​ 5,619 ​ ​ 1,522 ​ ​ — ​ ​ 9,686 ​ ​ 16,827 ​ ​ 1,605,248 ​ ​ 1,622,075 SBA loans held for sale ​ — ​ — ​ — ​ — ​ — ​ 27,373 ​ 27,373 Total loans ​ $ 5,619 ​ $ 1,522 ​ $ — ​ $ 9,686 ​ $ 16,827 ​ $ 1,632,621 ​ $ 1,649,448 ​
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 June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ Unpaid ​ ​ ​ ​ ​ ​ principal ​ Recorded ​ Specific (In thousands) ​ balance ​ investment ​ reserves With no related allowance: ​ ​ ​ ​ SBA loans held for investment ​ $ 642 ​ $ 542 ​ $ — Commercial loans ​ ​ ​ Commercial other ​ ​ 153 ​ ​ 93 ​ ​ — Commercial real estate ​ 3,254 ​ 2,319 ​ — Total commercial loans ​ 3,407 ​ 2,412 ​ — Residential mortgage loans ​ ​ 1,323 ​ ​ 1,323 ​ ​ — Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ — ​ ​ — ​ ​ — Residential construction loans ​ ​ 1,873 ​ ​ 1,873 ​ ​ — Total impaired loans with no related allowance ​ 7,245 ​ 6,150 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment ​ 93 ​ 62 ​ 62 Commercial loans ​ ​ ​ Commercial other ​ 2,110 ​ 1,610 ​ ​ 1,610 Commercial real estate ​ — ​ — ​ — Total commercial loans ​ 2,110 ​ 1,610 ​ 1,610 Residential mortgage loans ​ ​ 1,385 ​ ​ 1,345 ​ ​ 90 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 417 ​ ​ 417 ​ ​ 46 Residential construction loans ​ ​ 818 ​ ​ 818 ​ ​ 200 Total impaired loans with a related allowance ​ 4,823 ​ 4,252 ​ 2,008 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated impaired loans: ​ ​ ​ SBA loans held for investment ​ 735 ​ 604 ​ 62 Commercial loans ​ ​ ​ Commercial other ​ 2,263 ​ 1,703 ​ 1,610 Commercial real estate ​ 3,254 ​ 2,319 ​ — Total commercial loans ​ 5,517 ​ 4,022 ​ 1,610 Residential mortgage loans ​ ​ 2,708 ​ ​ 2,668 ​ ​ 90 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 417 ​ ​ 417 ​ ​ 46 Residential construction loans ​ ​ 2,691 ​ ​ 2,691 ​ ​ 200 Total individually evaluated impaired loans ​ $ 12,068 ​ $ 10,402 ​ $ 2,008 ​ 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, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Unpaid ​ ​ ​ ​ ​ ​ principal ​ Recorded ​ Specific (In thousands) ​ balance ​ investment ​ reserves With no related allowance: ​ ​ ​ ​ SBA loans held for investment ​ $ 606 ​ $ 506 ​ $ — Commercial loans ​ ​ ​ Commercial other ​ ​ 71 ​ ​ 70 ​ ​ ​ Commercial real estate ​ 1,493 ​ 1,493 ​ — Total commercial loans ​ 1,564 ​ 1,563 ​ — Residential mortgage loans ​ ​ 1,630 ​ ​ 1,630 ​ ​ — Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 210 ​ ​ 210 ​ ​ — Residential construction loans ​ ​ 2,636 ​ ​ 2,636 ​ ​ — Total impaired loans with no related allowance ​ 6,646 ​ 6,545 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment ​ 35 ​ 4 ​ 4 Commercial loans ​ ​ ​ Commercial other ​ 2,832 ​ 2,531 ​ 2,490 Commercial real estate ​ 973 ​ 126 ​ 125 Total commercial loans ​ 3,805 ​ 2,657 ​ 2,615 Residential mortgage loans ​ ​ 1,632 ​ ​ 1,632 ​ ​ 80 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ ​ 427 ​ ​ 427 ​ ​ 56 Residential construction loans ​ ​ 486 ​ ​ 486 ​ ​ 68 Total impaired loans with a related allowance ​ 6,385 ​ 5,206 ​ 2,823 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated impaired loans: ​ ​ ​ SBA loans held for investment ​ 641 ​ 510 ​ 4 Commercial loans ​ ​ ​ ​ ​ ​ Commercial other ​ 2,903 ​ 2,601 ​ 2,490 Commercial real estate ​ 2,466 ​ 1,619 ​ 125 Total commercial loans ​ 5,369 ​ 4,220 ​ 2,615 Residential mortgage loans ​ ​ 3,262 ​ ​ 3,262 ​ ​ 80 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 637 ​ ​ 637 ​ ​ 56 Residential construction loans ​ ​ 3,122 ​ ​ 3,122 ​ ​ 68 Total individually evaluated impaired loans ​ $ 13,031 ​ $ 11,751 ​ $ 2,823 ​
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 six months ended June 30, 2022 and 2021. 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 June 30, ​ ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ income ​ ​ ​ Average ​ received ​ Average ​ recognized ​ ​ ​ recorded ​ on impaired ​ recorded ​ on impaired ​ (In thousands) ​ investment ​ loans ​ investment ​ loans ​ SBA loans held for investment ​ $ (416) ​ $ 2 ​ $ 1,334 ​ $ 64 ​ Commercial loans ​ ​ ​ ​ ​ ​ ​ Commercial other ​ 1,735 ​ 20 ​ 271 ​ 6 ​ Commercial real estate ​ 1,823 ​ 66 ​ 2,121 ​ 30 ​ Residential mortgage loans ​ ​ 2,615 ​ ​ 3 ​ ​ 4,983 ​ ​ — ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 554 ​ ​ 10 ​ ​ 444 ​ ​ 5 ​ Residential construction loans ​ ​ 3,102 ​ ​ — ​ ​ 2,805 ​ ​ 10 ​ Total ​ $ 9,413 ​ $ 101 ​ $ 11,958 ​ $ 115 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ income ​ ​ Average ​ received ​ Average ​ recognized ​ ​ recorded ​ on impaired ​ recorded ​ on impaired (In thousands) ​ investment ​ loans ​ investment ​ loans SBA loans held for investment ​ $ 540 ​ $ 20 ​ $ 1,618 ​ $ 81 Commercial loans ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — Commercial other ​ 1,961 ​ 45 ​ 322 ​ 9 Commercial real estate ​ 2,163 ​ 87 ​ 2,179 ​ 85 Residential mortgage loans ​ ​ 2,721 ​ ​ 15 ​ ​ 5,272 ​ ​ — Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ 563 ​ ​ 19 ​ ​ 644 ​ ​ 23 Consumer other ​ ​ — ​ ​ — ​ ​ — ​ ​ — Residential construction loans ​ ​ 3,653 ​ ​ 33 ​ ​ 2,707 ​ ​ 20 Total ​ $ 11,601 ​ $ 219 ​ $ 12,742 ​ $ 218 ​
Loans modified as TDRs including number of modifications and recorded investment	​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2022 ​ ​ Number of ​ Recorded investment (In thousands, except number of contracts) ​ contracts ​ at time of modification Home equity ​ 2 ​ $ 872 Total ​ 2 ​ $ 872

Allowance for Loan Losses and_2

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments (Tables)	6 Months Ended
	Jun. 30, 2022
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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2022 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 941 ​ $ 14,705 ​ $ 4,284 ​ $ 642 ​ $ 1,596 ​ $ 22,168 Charge-offs ​ — ​ (501) ​ — ​ (40) ​ — ​ (541) Recoveries ​ 6 ​ 32 ​ 1 ​ 4 ​ — ​ 43 Net recoveries (charge-offs) ​ 6 ​ (469) ​ 1 ​ (36) ​ — ​ (498) Provision for (credit to) loan losses charged to expense ​ (189) ​ 672 ​ 501 ​ 197 ​ 7 ​ 1,188 Balance, end of period ​ $ 758 ​ $ 14,908 ​ $ 4,786 ​ $ 803 ​ $ 1,603 ​ $ 22,858 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,654 ​ $ 14,727 ​ $ 5,009 ​ $ 549 ​ $ 1,026 ​ $ 22,965 Charge-offs ​ (164) ​ (20) ​ — ​ — ​ — ​ (184) Recoveries ​ 19 ​ 1 ​ — ​ — ​ — ​ 20 Net charge-offs ​ (145) ​ (19) ​ — ​ — ​ — ​ (164) Provision for (credit to) loan losses charged to expense ​ 177 ​ 303 ​ (405) ​ 52 ​ (127) ​ — Balance, end of period ​ $ 1,686 ​ $ 15,011 ​ $ 4,604 ​ $ 601 ​ $ 899 ​ $ 22,801 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2022 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ Total Balance, beginning of period ​ $ 1,074 ​ $ 15,053 ​ $ 4,114 ​ $ 671 ​ $ 1,390 ​ $ 22,302 Charge-offs ​ — ​ (501) ​ — ​ (46) ​ — ​ (547) Recoveries ​ 28 ​ 61 ​ 1 ​ 4 ​ — ​ 94 Net recoveries (charge-offs) ​ 28 ​ (440) ​ 1 ​ (42) ​ — ​ (453) Provision for (credit to) loan losses charged to expense ​ (344) ​ 295 ​ 671 ​ 174 ​ 213 ​ 1,009 Balance, end of period ​ $ 758 ​ $ 14,908 ​ $ 4,786 ​ $ 803 ​ $ 1,603 ​ $ 22,858 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 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 ​ (446) ​ (393) ​ — ​ (1) ​ — ​ (840) Recoveries ​ 34 ​ 2 ​ — ​ — ​ — ​ 36 Net charge-offs ​ (412) ​ (391) ​ — ​ (1) ​ — ​ (804) Provision for (credit to) loan losses charged to expense ​ 797 ​ 410 ​ (714) ​ (79) ​ 86 ​ 500 Balance, end of period ​ $ 1,686 ​ $ 15,011 ​ $ 4,604 ​ $ 601 ​ $ 899 ​ $ 22,801
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 June 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ ​ Total Allowance for loan losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 62 ​ $ 1,610 ​ $ 90 ​ $ 46 ​ $ 200 ​ ​ $ 2,008 Collectively evaluated for impairment ​ 696 ​ 13,298 ​ 4,696 ​ 757 ​ 1,403 ​ ​ 20,850 Total ​ $ 758 ​ $ 14,908 ​ $ 4,786 ​ $ 803 ​ $ 1,603 ​ ​ $ 22,858 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 604 ​ $ 4,022 ​ $ 2,668 ​ $ 417 ​ $ 2,691 ​ ​ $ 10,402 Collectively evaluated for impairment ​ 46,701 ​ 1,022,291 ​ 479,019 ​ 79,228 ​ 131,769 ​ ​ 1,759,008 Total ​ $ 47,305 ​ $ 1,026,313 ​ $ 481,687 ​ $ 79,645 ​ $ 134,460 ​ ​ $ 1,769,410 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ SBA held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ (In thousands) ​ investment ​ Commercial ​ Residential ​ Consumer ​ construction ​ ​ Total Allowance for loan losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 4 ​ $ 2,615 ​ $ 80 ​ $ 56 ​ $ 68 ​ ​ $ 2,823 Collectively evaluated for impairment ​ 1,070 ​ 12,438 ​ 4,034 ​ 615 ​ 1,322 ​ ​ 19,479 Total ​ $ 1,074 ​ $ 15,053 ​ $ 4,114 ​ $ 671 ​ $ 1,390 ​ ​ $ 22,302 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 510 ​ $ 4,220 ​ $ 3,262 ​ $ 637 ​ $ 3,122 ​ ​ $ 11,751 Collectively evaluated for impairment ​ 82,015 ​ 927,506 ​ 406,093 ​ 77,307 ​ 117,403 ​ ​ 1,610,324 Total ​ $ 82,525 ​ $ 931,726 ​ $ 409,355 ​ $ 77,944 ​ $ 120,525 ​ ​ $ 1,622,075

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Financial Instruments and Hedging Activities
Summary of Interest Rate Swaps	​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except percentages and years) June 30, 2022 December 31, 2021 Notional amount ​ $ 20,000 ​ $ 40,000 ​ Fair value ​ $ 1,147 ​ $ 408 ​ Weighted average pay rate ​ 0.83 % 0.98 % Weighted average receive rate ​ 0.50 % 0.19 % Weighted average maturity in years ​ 2.82 ​ 2.37 ​ Number of contracts ​ 1 ​ 2 ​
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) 2022 2021 ​ 2022 2021 ​ Gain (loss) recognized in OCI on derivatives ​ $ 934 ​ $ 17 ​ $ 1,557 ​ $ 824 ​ Gain (loss) reclassified from AOCI into interest expense $ 72 $ — ​ $ — $ — ​

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2021 688,533 ​ $ 17.56 6.6 ​ $ 5,986,666 Options granted — ​ — ​ ​ ​ Options exercised (62,709) ​ 15.21 ​ ​ ​ Options forfeited (9,164) ​ 19.62 ​ ​ ​ Options expired — ​ — ​ ​ ​ Outstanding at June 30, 2022 616,660 ​ $ 17.76 6.3 ​ $ 5,375,207 Exercisable at June 30, 2022 ​ 486,844 ​ $ 17.26 5.7 ​ $ 4,490,215
Schedule of fair values of the options granted	The fair values of the options granted during the three and six months ended June 30, 2022 and 2021 were estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions. There were no options granted during the three months ended June 30, 2022 or 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2022 2021 ​ Number of options granted ​ — ​ 89,000 ​ Weighted average exercise price ​ $ — ​ $ 19.21 ​ Weighted average fair value of options ​ $ — ​ $ 7.72 ​ Expected life in years (1) ​ — ​ 8.38 ​ Expected volatility (2) ​ — % 43.69 % Risk-free interest rate (3) ​ — % 1.14 % Dividend yield (4) ​ — % 1.68 % ​ (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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ ​ 2022 2021 2022 2021 ​ Number of options exercised ​ 15,335 ​ 24,131 ​ ​ 62,709 ​ 36,598 ​ Total intrinsic value of options exercised ​ $ 120,065 ​ $ 347,759 ​ $ 866,357 ​ $ 517,782 ​ Cash received from options exercised ​ $ 314,323 ​ $ 187,513 ​ $ 953,537 ​ $ 267,626 ​ Tax deduction realized from options ​ $ 36,121 ​ $ 61,462 ​ $ 260,643 ​ $ 112,613 ​
Schedule of Stock Options, by Exercise Price Range	​ The following table summarizes information about stock options outstanding and exercisable at June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 - $12.00 108,261 3.1 ​ $ 9.06 108,261 ​ $ 9.06 $12.01 - $18.00 123,933 6.7 ​ 16.48 85,607 ​ 16.17 $18.01 - $24.00 384,466 7.0 ​ 20.63 292,976 ​ 20.60 Total 616,600 6.3 ​ $ 17.76 486,844 ​ $ 17.26
Summary of Nonvested Restricted Stock Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ Average grant ​ ​ Shares ​ date fair value Nonvested restricted stock at December 31, 2021 119,487 ​ $ 21.00 Granted 71,000 ​ 27.53 Cancelled (8,025) ​ 22.89 Vested (28,592) ​ 19.88 Nonvested restricted stock at June 30, 2022 153,870 ​ $ 24.12
Restricted Stock Grants	Restricted stock awards granted during the three and six months ended June 30, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ 2022 2021 ​ 2022 2021 Number of shares granted ​ 1,000 ​ 10,000 ​ ​ 71,000 ​ 40,000 Average grant date fair value ​ $ 28.20 ​ $ 21.60 ​ $ 27.53 ​ $ 19.99
Summary of Components of Net Periodic Pension Cost of Defined Benefit Plan Recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) 2022 2021 ​ 2022 2021 ​ Service cost (1) ​ $ 37 ​ $ (35) ​ $ 74 ​ $ (69) ​ Interest cost ​ 47 ​ 35 ​ 94 ​ 69 ​ Amortization of prior service cost (2) ​ — ​ 311 ​ — ​ 332 ​ Net periodic benefit cost ​ $ 84 ​ $ 311 ​ $ 168 ​ $ 332 ​ ​ (1) Reduction in service cost totaling $137 thousand in 2021 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 six months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, (In thousands) 2022 2021 Benefit obligation, beginning of year ​ $ 4,521 ​ $ 3,845 Service cost (1) ​ 74 ​ (69) Interest cost ​ 94 ​ 69 Benefit obligation, end of period ​ $ 4,689 ​ $ 3,845 ​ (1) Reduction in service cost totaling $137 thousand in 2021 to be recognized over one year due to the recalculation of the President and CEO’s salary projection.
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Allocation of Share-based Compensation Costs	Compensation expense related to stock options and the related income tax benefit for the three and six months ended June 30, 2022 and 2021 are detailed in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ ​ 2022 2021 ​ 2022 2021 ​ Compensation expense ​ $ 138,417 ​ $ 222,545 ​ $ 301,743 ​ $ 430,147 ​ Income tax benefit ​ $ 40,003 ​ $ 64,316 ​ $ 87,204 ​ $ 124,313 ​
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 six months ended June 30, 2022 and 2021 is detailed in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ ​ 2022 2021 ​ 2022 2021 ​ Compensation expense ​ $ 300,689 ​ $ 187,401 ​ $ 531,693 ​ $ 353,750 ​ Income tax benefit ​ $ 86,899 ​ $ 54,159 ​ $ 153,659 ​ $ 102,234 ​

Regulatory Capital (Tables)

Regulatory Capital (Tables)	6 Months Ended
	Jun. 30, 2022
Regulatory Capital
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2022 ​ ​ At December 31, 2021 ​ ​ Company Bank Company Bank CBLR 11.20 % 10.66 % 10.51 % 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases
Net Lease Cost	The table below summarizes our net lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 ​ Operating lease cost ​ $ 188 ​ $ 149 ​ $ 376 ​ $ 298 ​ Net lease cost ​ $ 188 ​ $ 149 ​ $ 376 ​ $ 298 ​ ​ The table below summarizes the cash and non-cash activities associated with our leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ (In thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 182 ​ $ 145 ​ $ 365 ​ $ 290 ​ ROU assets obtained in exchange for new operating lease liabilities ​ $ — ​ $ — ​ $ 582 ​ $ — ​
Summary of Other Information for Operating Leases	The table below summarizes other information related to our operating leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except percentages and years) June 30, 2022 December 31, 2021 Weighted average remaining lease term in years ​ 11.18 ​ ​ 11.40 ​ Weighted average discount rate ​ 3.14 % ​ 3.20 % Operating lease right-of-use assets ​ $ 5,206 ​ $ 5,249 ​
Summary of Maturity of Remaining Lease Liabilities	The table below summarizes the maturity of remaining lease liabilities: ​ ​ ​ ​ ​ (In thousands) June 30, 2022 2022 ​ $ 366 2023 ​ 670 2024 ​ 624 2025 ​ 623 2026 ​ 624 2027 and thereafter ​ 3,168 Total lease payments ​ $ 6,075 Less: Interest ​ (776) Present value of lease liabilities ​ $ 5,299

Net Income per Share (Details)

Net Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Net Income per Share
Net income	$ 9,451	$ 9,108	$ 8,418	$ 8,496	$ 18,559	$ 16,914
Weighted average common shares outstanding - Basic	10,504		10,427		10,475	10,432
Plus: Potential dilutive common stock equivalents (in shares)	202		142		210	135
Weighted average common shares outstanding - Diluted (in shares)	10,706		10,569		10,685	10,567
Net income per common share - Basic	$ 0.90		$ 0.81		$ 1.77	$ 1.62
Net income per common share - Diluted	$ 0.88		$ 0.80		$ 1.74	$ 1.60
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive (in shares)			247			262

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Taxes
Provision for income taxes	$ 3,157	$ 2,466	$ 5,960	$ 5,411
Effective tax rate	25%	22.70%	24.30%	24.20%
Unrecognized tax benefits, income tax penalties and interest expense			$ 0	$ 0
Unrecognized tax benefits, income tax penalties and interest accrued	$ 0		$ 0		$ 0
Income tax returns open tax years (2017 and thereafter)			2017

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 214,928	$ 205,729	$ 181,186	$ 173,911	$ 205,729	$ 173,911
Total other comprehensive (loss) income, net of tax	(3,230)	286	337	655	(2,944)	992
Ending balance	220,789	214,928	188,756	181,186	220,789	188,756
Net unrealized (losses) gains on securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(784)	29	(153)	(214)	29	(214)
Other comprehensive income (loss) before reclassifications	(3,054)		119		(4,306)	425
Less amounts reclassified from accumulated other comprehensive income (loss)	(394)		18		(833)	263
Total other comprehensive (loss) income, net of tax	(2,660)		101		(3,473)	162
Ending balance	(3,444)	(784)	(52)	(153)	(3,444)	(52)
Adjustments related to defined benefit plan
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(223)	(238)		(238)
Less amounts reclassified from accumulated other comprehensive income (loss)			(223)			(238)
Total other comprehensive (loss) income, net of tax			223			238
Ending balance				(223)
Net unrealized gains (losses) from cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	1,392	293	(158)	(737)	293	(737)
Other comprehensive income (loss) before reclassifications	(570)		13		529	592
Total other comprehensive (loss) income, net of tax	(570)		13		529	592
Ending balance	822	1,392	(145)	(158)	822	(145)
Accumulated other comprehensive income (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	608	322	(534)	(1,189)	322	(1,189)
Other comprehensive income (loss) before reclassifications	(3,624)		132		(3,777)	1,017
Less amounts reclassified from accumulated other comprehensive income (loss)	(394)		(205)		(833)	25
Total other comprehensive (loss) income, net of tax	(3,230)	286	337	655	(2,944)	992
Ending balance	$ (2,622)	$ 608	(197)	(534)	$ (2,622)	(197)
Accounting Standards Update 2016-01 and 2018-02 | Accumulated other comprehensive income (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(534)
Ending balance			$ (197)	$ (534)		$ (197)

Fair Value - Fair Value on Recu

Fair Value - Fair Value on Recurring Basis - Narrative (Details) $ in Thousands	Jun. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Securities available for sale	$ 93,972	$ 56,480
Equity securities	9,050	8,566
Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Securities available for sale	$ 17,491	$ 9,749
Percentage of portfolio in residential mortgage backed securities	19%
Residential mortgage backed securities guaranteed by Government National Mortgage Association or Federal National Mortgage Association or Federal Home Loan Mortgage Corporation	$ 16,700
Corporate Bond Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities classified as Level 3 assets | security	2

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair value on a recurring basis
Balance at beginning of period	$ 4,895	$ 4,538	$ 5,074	$ 4,400
Unrealized	(69)	137	(248)	275
Balance at end of period	$ 4,826	$ 4,675	$ 4,826	$ 4,675

Fair Value - Assets And Liabili

Fair Value - Assets And Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	$ 93,972	$ 56,480
Equity securities	9,050	8,566
U.S. Government sponsored entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	17,290
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	854	994
Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	17,491	9,749
Corporate and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	58,337	45,737
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	93,972	56,480
Equity securities	9,050	8,566
Loans held for sale	35,291	31,014
Swap agreements	1,147	816
Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	89,146	51,406
Equity securities	9,050	8,566
Loans held for sale	35,291	31,014
Swap agreements	1,147	816
Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	4,826	5,074
Recurring | U.S. Government sponsored entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	17,290
Recurring | 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	17,290
Recurring | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	854	994
Recurring | 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	854	994
Recurring | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	17,491	9,749
Recurring | 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	17,491	9,749
Recurring | Corporate and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	58,337	45,737
Recurring | 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	53,511	40,663
Recurring | 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	4,826	5,074
Recurring | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Swap agreements	1,147	816
Recurring | Interest Rate Swap | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Swap agreements	$ 1,147	$ 816

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	Jun. 30, 2022	Dec. 31, 2021
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impaired collateral-dependent loans	$ 8,400	$ 8,900
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impaired collateral-dependent loans	8,394	8,928
Impaired collateral-dependent loans, Net (Credit) Provision During Period	(815)	(1,284)
Nonrecurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impaired collateral-dependent loans	$ 8,394	$ 8,928

Fair Value - Fair Value on a No

Fair Value - Fair Value on a Nonrecurring Basis Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Impaired financing receivable, related allowance	$ 2,008	$ 2,823
Letters of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Standby letter of credit	$ 5,600

Fair Value - Carrying Amount an

Fair Value - Carrying Amount and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Carrying amount | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	$ 109,043	$ 244,818
Carrying amount | Significant Other Observable Inputs (Level 2)
Financial assets:
Securities	139,835	79,322
SBA loans held for sale	32,183	27,373
Loans, net of allowance for loan losses	1,746,552	1,599,773
Federal Home Loan Bank stock	9,223	3,550
Accrued interest receivable	9,961	9,586
Financial liabilities:
Deposits	1,697,967	1,758,881
Borrowed funds and subordinated debentures	175,310	50,310
Accrued interest payable	128	129
Carrying amount | Significant Unobservable Inputs (Level 3)
Financial assets:
Servicing assets	891	1,013
Carrying amount | Significant Unobservable Inputs (Level 3) | Recurring | Corporate and other securities
Financial assets:
Securities	5,300
Estimated fair value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	109,043	244,818
Estimated fair value | Significant Other Observable Inputs (Level 2)
Financial assets:
Securities	135,675	79,275
SBA loans held for sale	35,291	31,014
Loans, net of allowance for loan losses	1,718,568	1,605,248
Federal Home Loan Bank stock	9,223	3,550
Accrued interest receivable	9,961	9,586
Financial liabilities:
Deposits	1,686,718	1,755,670
Borrowed funds and subordinated debentures	173,935	50,842
Accrued interest payable	128	129
Estimated fair value | Significant Unobservable Inputs (Level 3)
Financial assets:
Servicing assets	891	$ 1,013
Estimated fair value | Significant Unobservable Inputs (Level 3) | Recurring | Corporate and other securities
Financial assets:
Securities	$ 4,900

Securities - Amortized Cost to

Securities - Amortized Cost to Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available for sale:
Amortized cost	$ 98,514	$ 56,442
Gross unrealized gains	42	447
Gross unrealized losses	(4,584)	(409)
Securities available for sale	93,972	56,480
Held to maturity:
Amortized cost	36,813	14,276
Gross unrealized gains	4	28
Gross unrealized losses	(4,164)	(75)
Estimated fair value	32,653	14,229
Equity securities:
Amortized cost	9,703	8,163
Gross unrealized gains	157	486
Gross unrealized losses	(810)	(83)
Estimated fair value	9,050	8,566
U.S. Government sponsored entities
Available for sale:
Amortized cost	17,502
Gross unrealized losses	(212)
Securities available for sale	17,290
Held to maturity:
Amortized cost	28,000	10,000
Gross unrealized losses	(3,314)	(67)
Estimated fair value	24,686	9,933
State and political subdivisions
Available for sale:
Amortized cost	872	996
Gross unrealized gains	1	6
Gross unrealized losses	(19)	(8)
Securities available for sale	854	994
Held to maturity:
Amortized cost	1,086
Gross unrealized losses	(5)
Estimated fair value	1,081
Residential mortgage-backed securities
Available for sale:
Amortized cost	18,627	9,485
Gross unrealized gains	41	277
Gross unrealized losses	(1,177)	(13)
Securities available for sale	17,491	9,749
Held to maturity:
Amortized cost	7,727	4,276
Gross unrealized gains	4	28
Gross unrealized losses	(845)	(8)
Estimated fair value	6,886	4,296
Corporate and other securities
Available for sale:
Amortized cost	61,513	45,961
Gross unrealized gains		164
Gross unrealized losses	(3,176)	(388)
Securities available for sale	$ 58,337	$ 45,737

Securities - Securities By Cont

Securities - Securities By Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available for sale at fair value:
Within one year, Amount	$ 1,099
After one through five years, Amount	22,252
After five through ten years, Amount	15,562
After ten years, Amount	55,059
Securities available for sale	$ 93,972	$ 56,480
Available for sale, Rolling maturity, Yield
Within one year, Yield	1.80%
After one through five years, Yield	4.24%
After five through ten years, Yield	4.65%
After ten years, Yield	3.35%
Total carrying value, Yield	3.75
Held to maturity at cost
After five through ten years, Amount	$ 3,000
After ten years, Amount	33,813
Securities held to maturity	$ 36,813
Held to maturity, Rolling maturity, Yield
After ten years, Yield	3.56%
Total carrying value, Yield	3.60%
Equity securities at fair value:
After ten years, Amount	$ 9,050
Estimated fair value	$ 9,050	8,566
After ten years, Yield	2.54%
Total carrying value, Yield	2.54%
U.S. Government sponsored entities
Available for sale at fair value:
Within one year, Amount	$ 897
After one through five years, Amount	16,393
Securities available for sale	$ 17,290
Available for sale, Rolling maturity, Yield
Within one year, Yield	1.33%
After one through five years, Yield	3.58%
Total carrying value, Yield	3.47
Held to maturity at cost
After five through ten years, Amount	$ 3,000
After ten years, Amount	25,000
Securities held to maturity	$ 28,000
Held to maturity, Rolling maturity, Yield
After five through ten years, Yield	4%
After ten years, Yield	3.48%
Total carrying value, Yield	3.54%
State and political subdivisions
Available for sale at fair value:
Within one year, Amount	$ 200
After one through five years, Amount	361
After ten years, Amount	293
Securities available for sale	$ 854	994
Available for sale, Rolling maturity, Yield
Within one year, Yield	3.87%
After one through five years, Yield	3.05%
After ten years, Yield	2.75%
Total carrying value, Yield	3.14
Held to maturity at cost
After ten years, Amount	$ 1,086
Securities held to maturity	$ 1,086
Held to maturity, Rolling maturity, Yield
After ten years, Yield	5.19%
Total carrying value, Yield	5.19%
Residential mortgage-backed securities
Available for sale at fair value:
Within one year, Amount	$ 2
After one through five years, Amount	549
After five through ten years, Amount	1,195
After ten years, Amount	15,745
Securities available for sale	$ 17,491	9,749
Available for sale, Rolling maturity, Yield
Within one year, Yield	4.23%
After one through five years, Yield	2.57%
After five through ten years, Yield	2.39%
After ten years, Yield	3.41%
Total carrying value, Yield	3.31
Held to maturity at cost
After ten years, Amount	$ 7,727
Securities held to maturity	$ 7,727
Held to maturity, Rolling maturity, Yield
After ten years, Yield	3.61%
Total carrying value, Yield	3.61%
Corporate and other securities
Available for sale at fair value:
After one through five years, Amount	$ 4,949
After five through ten years, Amount	14,367
After ten years, Amount	39,021
Securities available for sale	$ 58,337	$ 45,737
Available for sale, Rolling maturity, Yield
After one through five years, Yield	6.71%
After five through ten years, Yield	4.79%
After ten years, Yield	3.33%
Total carrying value, Yield	3.98

Securities - Securities in Unre

Securities - Securities in Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Available for sale:
Available for sale, Total number in a loss position | security	81	24
Available for sale, Less than 12 months, Estimated fair value	$ 80,472	$ 19,472
Available for sale, Less than 12 months, Unrealized loss	(3,783)	(40)
Available for sale, 12 months and greater, Estimated fair value	9,626	8,394
Available for sale, 12 Months and greater Unrealized loss	(801)	(369)
Available for sale, Estimated fair value	90,097	27,866
Available for sale, Unrealized loss	$ (4,584)	$ (409)
Held to maturity:
Held to maturity, Total number in a loss position | security	24	4
Held to maturity, Less than 12 months Estimated fair value	$ 31,775	$ 10,756
Held to maturity, Less than 12 months Unrealized loss	(4,164)	(75)
Held to maturity, Total Estimated fair value	31,775	10,756
Held to maturity, Total Unrealized loss	$ (4,164)	$ (75)
U.S. Government sponsored entities
Available for sale:
Available for sale, Total number in a loss position | security	8
Available for sale, Less than 12 months, Estimated fair value	$ 17,291
Available for sale, Less than 12 months, Unrealized loss	(212)
Available for sale, Estimated fair value	17,290
Available for sale, Unrealized loss	$ (212)
Held to maturity:
Held to maturity, Total number in a loss position | security	11	3
Held to maturity, Less than 12 months Estimated fair value	$ 24,686	$ 9,933
Held to maturity, Less than 12 months Unrealized loss	(3,314)	(67)
Held to maturity, Total Estimated fair value	24,686	9,933
Held to maturity, Total Unrealized loss	$ (3,314)	$ (67)
State and political subdivisions
Available for sale:
Available for sale, Total number in a loss position | security	2	1
Available for sale, Less than 12 months, Estimated fair value	$ 454	$ 370
Available for sale, Less than 12 months, Unrealized loss	(19)	(8)
Available for sale, Estimated fair value	454	370
Available for sale, Unrealized loss	$ (19)	$ (8)
Held to maturity:
Held to maturity, Total number in a loss position | security	10
Held to maturity, Less than 12 months Estimated fair value	$ 1,081
Held to maturity, Less than 12 months Unrealized loss	(5)
Held to maturity, Total Estimated fair value	1,081
Held to maturity, Total Unrealized loss	$ (5)
Residential mortgage-backed securities
Available for sale:
Available for sale, Total number in a loss position | security	40	8
Available for sale, Less than 12 months, Estimated fair value	$ 16,993	$ 1,821
Available for sale, Less than 12 months, Unrealized loss	(1,166)	(13)
Available for sale, 12 months and greater, Estimated fair value	143
Available for sale, 12 Months and greater Unrealized loss	(11)
Available for sale, Estimated fair value	17,136	1,821
Available for sale, Unrealized loss	$ (1,177)	$ (13)
Held to maturity:
Held to maturity, Total number in a loss position | security	3	1
Held to maturity, Less than 12 months Estimated fair value	$ 6,008	$ 823
Held to maturity, Less than 12 months Unrealized loss	(845)	(8)
Held to maturity, Total Estimated fair value	6,008	823
Held to maturity, Total Unrealized loss	$ (845)	$ (8)
Corporate and other securities
Available for sale:
Available for sale, Total number in a loss position | security	31	15
Available for sale, Less than 12 months, Estimated fair value	$ 45,734	$ 17,281
Available for sale, Less than 12 months, Unrealized loss	(2,386)	(19)
Available for sale, 12 months and greater, Estimated fair value	9,483	8,394
Available for sale, 12 Months and greater Unrealized loss	(790)	(369)
Available for sale, Estimated fair value	55,217	25,675
Available for sale, Unrealized loss	$ (3,176)	$ (388)

Securities - Schedule Of Realiz

Securities - Schedule Of Realized Gains (Losses) For Marketable Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Available for sale:
Realized gains	$ 0	$ 43	$ 0	$ 43
Realized losses	$ 0	$ 0	$ 0	0
Total debt securities available for sale				43
Net gains (losses) on sales of securities				$ 43

Securities - Realized Gains (Lo

Securities - Realized Gains (Losses) for Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Securities
Net (losses) gains recognized during the period on equity securities	$ (498)	$ 23	$ (1,055)	$ 290
Unrealized (losses) gains recognized during the reporting period on equity securities still held at the reporting date	$ (498)	$ 23	$ (1,055)	$ 290

Loans - Narrative (Details)

Loans - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Maximum
Guarantee percentage of SBA Loan	90%
Residential Consumer Properties
Residential loans in process of foreclosure	$ 2,100	$ 106

Loans - Classification of Loans

Loans - Classification of Loans By Class (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1,801,593	$ 1,649,448
SBA 504 loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	35,066	27,479
SBA loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	33,089	36,075
SBA PPP loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	14,216	46,450
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,026,313	931,726
Commercial loans | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	776,687	704,674
Commercial loans | Commercial real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	102,371	89,670
Commercial loans | Consumer other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	112,189	109,903
Residential mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	481,687	409,355
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	79,645	77,944
Consumer loans | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	66,582	65,380
Consumer loans | Consumer other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	13,063	12,564
Residential construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	134,460	120,525
Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,769,410	1,622,075
SBA loans held for sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 32,183	$ 27,373

Loans - Credit Quality Indicato

Loans - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,801,593	$ 1,649,448
SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	35,066	27,479
Pass | SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	35,066	27,479
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	33,089	36,075
SBA loans held for investment | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	32,535	34,959
SBA loans held for investment | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	229	745
SBA loans held for investment | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	325	371
SBA and commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,073,618	1,014,251
SBA and commercial loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,053,625	995,673
SBA and commercial loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,462	13,601
SBA and commercial loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,531	4,977
SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,216	46,450
SBA PPP loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,216	46,450
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,026,313	931,726
Commercial loans | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	776,687	704,674
Commercial loans | Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	102,371	89,670
Commercial loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	112,189	109,903
Commercial loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,006,874	914,264
Commercial loans | Pass | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	765,256	694,627
Commercial loans | Pass | Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	102,371	86,770
Commercial loans | Pass | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	104,181	105,388
Commercial loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,233	12,856
Commercial loans | Special mention | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,524	7,980
Commercial loans | Special mention | Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans		2,900
Commercial loans | Special mention | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,709	1,976
Commercial loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,206	4,606
Commercial loans | Substandard | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,907	2,067
Commercial loans | Substandard | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,299	2,539
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	481,687	409,355
Residential mortgage loans | Performing
Financing Receivable, Recorded Investment [Line Items]
Total loans	479,019	406,093
Residential mortgage loans | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,668	3,262
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	79,645	77,944
Consumer loans | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	66,582	65,380
Consumer loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,063	12,564
Consumer loans | Performing
Financing Receivable, Recorded Investment [Line Items]
Total loans	79,645	77,734
Consumer loans | Performing | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	66,582	65,170
Consumer loans | Performing | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,063	12,564
Consumer loans | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total loans		210
Consumer loans | Nonperforming | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans		210
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	134,460	120,525
Residential construction loans | Performing
Financing Receivable, Recorded Investment [Line Items]
Total loans	131,769	117,403
Residential construction loans | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,691	3,122
Residential mortgage, consumer and residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	695,792	607,824
Residential mortgage, consumer and residential construction loans | Performing
Financing Receivable, Recorded Investment [Line Items]
Total loans	690,433	601,230
Residential mortgage, consumer and residential construction loans | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,359	6,594
SBA loans held for sale
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 32,183	$ 27,373

Loans - Aging Analysis of Past

Loans - Aging Analysis of Past Due and Nonaccrual Loans by Class (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,801,593	$ 1,649,448
SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	35,066	27,479
30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,424	5,619
60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,027	1,522
90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans	58
Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,680	9,686
Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,189	16,827
Current
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,787,404	1,632,621
Current | SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	35,066	27,479
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	33,089	36,075
SBA loans held for investment | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	242	1,558
SBA loans held for investment | Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans	604	510
SBA loans held for investment | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans	846	2,068
SBA loans held for investment | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans	32,243	34,007
SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,216	46,450
SBA PPP loans | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	6
SBA PPP loans | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	282	79
SBA PPP loans | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans	288	79
SBA PPP loans | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,928	46,371
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,026,313	931,726
Commercial loans | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	776,687	704,674
Commercial loans | Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	102,371	89,670
Commercial loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	112,189	109,903
Commercial loans | 30-59 days past due | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,381	334
Commercial loans | 30-59 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	363
Commercial loans | 60-89 days past due | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans		565
Commercial loans | 60-89 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans		33
Commercial loans | Nonaccrual | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	366	366
Commercial loans | Nonaccrual | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,351	2,216
Commercial loans | Past Due | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,747	1,265
Commercial loans | Past Due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,714	2,249
Commercial loans | Current | Real Estate Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	773,940	703,409
Commercial loans | Current | Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	102,371	89,670
Commercial loans | Current | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	110,475	107,654
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	481,687	409,355
Residential mortgage loans | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,317	3,688
Residential mortgage loans | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,721
Residential mortgage loans | 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans	43
Residential mortgage loans | Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,668	3,262
Residential mortgage loans | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,749	6,950
Residential mortgage loans | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans	475,938	402,405
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	79,645	77,944
Consumer loans | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	66,582	65,380
Consumer loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,063	12,564
Consumer loans | 30-59 days past due | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans		39
Consumer loans | 30-59 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	67
Consumer loans | 60-89 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	24
Consumer loans | 90 days and still accruing | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	15
Consumer loans | Nonaccrual | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans		210
Consumer loans | Past Due | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans		249
Consumer loans | Past Due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	106
Consumer loans | Current | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	66,582	65,131
Consumer loans | Current | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	12,957	12,564
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	134,460	120,525
Residential construction loans | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans		845
Residential construction loans | Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,691	3,122
Residential construction loans | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,691	3,967
Residential construction loans | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans	131,769	116,558
Total
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,769,410	1,622,075
Total | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,376	5,619
Total | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,027	1,522
Total | 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans	58
Total | Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,680	9,686
Total | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,141	16,827
Total | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,755,269	1,605,248
SBA loans held for sale
Financing Receivable, Recorded Investment [Line Items]
Total loans	32,183	27,373
SBA loans held for sale | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans	48
SBA loans held for sale | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans	48
SBA loans held for sale | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 32,135	$ 27,373

Loans - Impaired Loans with Ass

Loans - Impaired Loans with Associated Allowance (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Unpaid principal balance
With no related allowance	$ 7,245	$ 6,646
With an allowance	4,823	6,385
Total individually evaluated impaired loans	12,068	13,031
Recorded investment
With no related allowance	6,150	6,545
With an allowance	4,252	5,206
Total individually evaluated impaired loans	10,402	11,751
Specific reserves	2,008	2,823
SBA loans held for investment
Unpaid principal balance
With no related allowance	642	606
With an allowance	93	35
Total individually evaluated impaired loans	735	641
Recorded investment
With no related allowance	542	506
With an allowance	62	4
Total individually evaluated impaired loans	604	510
Specific reserves	62	4
Commercial loans
Unpaid principal balance
With no related allowance	3,407	1,564
With an allowance	2,110	3,805
Total individually evaluated impaired loans	5,517	5,369
Recorded investment
With no related allowance	2,412	1,563
With an allowance	1,610	2,657
Total individually evaluated impaired loans	4,022	4,220
Specific reserves	1,610	2,615
Commercial loans | Real Estate Loan [Member]
Unpaid principal balance
With no related allowance	3,254	1,493
With an allowance		973
Total individually evaluated impaired loans	3,254	2,466
Recorded investment
With no related allowance	2,319	1,493
With an allowance		126
Total individually evaluated impaired loans	2,319	1,619
Specific reserves		125
Commercial loans | Consumer other
Unpaid principal balance
With no related allowance	153	71
With an allowance	2,110	2,832
Total individually evaluated impaired loans	2,263	2,903
Recorded investment
With no related allowance	93	70
With an allowance	1,610	2,531
Total individually evaluated impaired loans	1,703	2,601
Specific reserves	1,610	2,490
Residential mortgage loans
Unpaid principal balance
With no related allowance	1,323	1,630
With an allowance	1,385	1,632
Total individually evaluated impaired loans	2,708	3,262
Recorded investment
With no related allowance	1,323	1,630
With an allowance	1,345	1,632
Total individually evaluated impaired loans	2,668	3,262
Specific reserves	90	80
Consumer loans | Home equity
Unpaid principal balance
With no related allowance		210
With an allowance	417	427
Total individually evaluated impaired loans	417	637
Recorded investment
With no related allowance		210
With an allowance	417	427
Total individually evaluated impaired loans	417	637
Specific reserves	46	56
Residential construction loans
Unpaid principal balance
With no related allowance	1,873	2,636
With an allowance	818	486
Total individually evaluated impaired loans	2,691	3,122
Recorded investment
With no related allowance	1,873	2,636
With an allowance	818	486
Total individually evaluated impaired loans	2,691	3,122
Specific reserves	$ 200	$ 68

Loans - Average Recorded Invest

Loans - Average Recorded Investments and Interest Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 9,413	$ 11,958	$ 11,601	$ 12,742
Interest income recognized on impaired loans	101	115	219	218
SBA loans held for investment
Financing Receivable, Impaired [Line Items]
Average recorded investment		1,334	540	1,618
Average recorded investment, credit	(416)
Interest income recognized on impaired loans	2	64	20	81
Commercial loans | Real Estate Loan [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	1,823	2,121
Interest income recognized on impaired loans	66	30
Commercial loans | Consumer other
Financing Receivable, Impaired [Line Items]
Average recorded investment	1,735	271	1,961	322
Interest income recognized on impaired loans	20	6	45	9
Commercial real estate | Real Estate Loan [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment			2,163	2,179
Interest income recognized on impaired loans			87	85
Residential mortgage loans
Financing Receivable, Impaired [Line Items]
Average recorded investment	2,615	4,983	2,721	5,272
Interest income recognized on impaired loans	3		15
Consumer loans | Home equity
Financing Receivable, Impaired [Line Items]
Average recorded investment	554	444	563	644
Interest income recognized on impaired loans	10	5	19	23
Residential construction loans
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 3,102	2,805	3,653	2,707
Interest income recognized on impaired loans		$ 10	$ 33	$ 20

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructuring (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan	Dec. 31, 2021 USD ($)	Mar. 31, 2022 USD ($)
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 9,413	$ 11,958	$ 11,601	$ 12,742
Number of loans modified as a TDR | loan			2	2
Number of loans modified as TDR, subsequent default | loan			0
Troubled Debt Restructuring (TDR)
Financing Receivable, Impaired [Line Items]
Impaired loan reserve	$ 0		$ 0		$ 0	$ 0
Troubled Debt Restructuring (TDR) | Performing
Financing Receivable, Impaired [Line Items]
Average recorded investment			$ 1,900		$ 1,100

Loans - Troubled Debt Restruc_2

Loans - Troubled Debt Restructuring Financing Receivable (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 loan	Dec. 31, 2021 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified as TDRs | loan	2	2
Recorded investment at time of modification	$ 10,402		$ 11,751
Consumer loans | Troubled Debt Restructuring (TDR)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified as TDRs | loan	2
Recorded investment at time of modification	$ 872
Home equity | Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Recorded investment at time of modification	$ 417		$ 637
Home equity | Consumer loans | Troubled Debt Restructuring (TDR)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified as TDRs | loan	2
Recorded investment at time of modification	$ 872

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	$ 22,168	$ 22,965	$ 22,302	$ 23,105
Charge-offs	(541)	(184)	(547)	(840)
Recoveries	43	20	94	36
Net recoveries (charge-offs)	(498)	(164)	(453)	(804)
Provision for (credit to) loan losses charged to expense	1,188		1,009	500
Balance, end of period	22,858	22,801	22,858	22,801
SBA loans held for investment
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	941	1,654	1,074	1,301
Charge-offs		(164)		(446)
Recoveries	6	19	28	34
Net recoveries (charge-offs)	6	(145)	28	(412)
Provision for (credit to) loan losses charged to expense	(189)	177	(344)	797
Balance, end of period	758	1,686	758	1,686
Commercial loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	14,705	14,727	15,053	14,992
Charge-offs	(501)	(20)	(501)	(393)
Recoveries	32	1	61	2
Net recoveries (charge-offs)	(469)	(19)	(440)	(391)
Provision for (credit to) loan losses charged to expense	672	303	295	410
Balance, end of period	14,908	15,011	14,908	15,011
Residential mortgage loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	4,284	5,009	4,114	5,318
Recoveries	1		1
Net recoveries (charge-offs)	1		1
Provision for (credit to) loan losses charged to expense	501	(405)	671	(714)
Balance, end of period	4,786	4,604	4,786	4,604
Consumer loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	642	549	671	681
Charge-offs	(40)		(46)	(1)
Recoveries	4		4
Net recoveries (charge-offs)	(36)		(42)	(1)
Provision for (credit to) loan losses charged to expense	197	52	174	(79)
Balance, end of period	803	601	803	601
Residential construction loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of period	1,596	1,026	1,390	813
Provision for (credit to) loan losses charged to expense	7	(127)	213	86
Balance, end of period	$ 1,603	$ 899	$ 1,603	$ 899

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	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	$ 22,858	$ 22,168	$ 22,302	$ 22,801	$ 22,965	$ 23,105
Total loans	1,801,593		1,649,448
SBA including PPP loans held for investment
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	62		4
Collectively evaluated for impairment	696		1,070
Total	758		1,074
Individually evaluated for impairment	604		510
Collectively evaluated for impairment	46,701		82,015
Total loans	47,305		82,525
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	1,610		2,615
Collectively evaluated for impairment	13,298		12,438
Total	14,908	14,705	15,053	15,011	14,727	14,992
Individually evaluated for impairment	4,022		4,220
Collectively evaluated for impairment	1,022,291		927,506
Total loans	1,026,313		931,726
Residential mortgage loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	90		80
Collectively evaluated for impairment	4,696		4,034
Total	4,786	4,284	4,114	4,604	5,009	5,318
Individually evaluated for impairment	2,668		3,262
Collectively evaluated for impairment	479,019		406,093
Total loans	481,687		409,355
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	46		56
Collectively evaluated for impairment	757		615
Total	803	642	671	601	549	681
Individually evaluated for impairment	417		637
Collectively evaluated for impairment	79,228		77,307
Total loans	79,645		77,944
Residential construction loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	200		68
Collectively evaluated for impairment	1,403		1,322
Total	1,603	$ 1,596	1,390	$ 899	$ 1,026	$ 813
Individually evaluated for impairment	2,691		3,122
Collectively evaluated for impairment	131,769		117,403
Total loans	134,460		120,525
Total
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	2,008		2,823
Collectively evaluated for impairment	20,850		19,479
Total	22,858		22,302
Individually evaluated for impairment	10,402		11,751
Collectively evaluated for impairment	1,759,008		1,610,324
Total loans	$ 1,769,410		$ 1,622,075

Allowance for Loan Losses and_5

Allowance for Loan Losses and Reserve for Unfunded Loan Commitments - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Allowance for Loan Losses and Reserve for Unfunded Loan Commitments
Reserve for commitments	$ 486	$ 400

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities (Details) - Interest Rate Swap - Designated as hedging instrument $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) contract	Dec. 31, 2021 USD ($) contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 20,000	$ 40,000
Fair value	$ 1,147	$ 408
Weighted average pay rate	0.83%	0.98%
Weighted average receive rate	0.50%	0.19%
Weighted average maturity in years	2 years 9 months 25 days	2 years 4 months 13 days
Number of contracts | contract	1	2

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Gain (Loss) in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI (loss) gain on cash flow derivative instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in OCI on derivatives	$ 934	$ 17	$ 1,557	$ 824
Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from AOCI into interest expense	$ 72

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($) shares	Jun. 30, 2022 USD ($) installment shares	Jun. 30, 2021 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award
Options, outstanding (in shares) | shares	616,660		616,660		688,533
Options granted (in shares) | shares	0	0
Defined contribution plan, maximum annual contributions per employee, percent			75%
Defined contribution plan employer discretionary contribution amount	$ 219	$ 199	$ 422	$ 460
Deferred compensation	50	388	585	516
Interest paid on deferred fees	41	40	77	68
Deferred compensation arrangement with individual, distributions paid	3	3	6	6
Contributions			0
Defined benefit plans future payments	$ 4,689	3,845	$ 4,689	3,845	$ 4,521	$ 3,845
Director
Share-based Compensation Arrangement by Share-based Payment Award
Deferred compensation arrangement guaranteed award percentage			100%
Executive Management
Share-based Compensation Arrangement by Share-based Payment Award
Deferred compensation arrangement guaranteed award percentage			100%
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 a percentage equal to the Consumer Price Index as reported by the U.S. Bureau of Labor Statistics for All Urban Consumers (CPI-U).
SERP | President and CEO
Share-based Compensation Arrangement by Share-based Payment Award
Percent of average executive base salary	60%		60%
Payment term after separation			36 months
Number of annual payments after separation | installment			15
Total estimated future payments	$ 7,200		$ 7,200
Discount rate used to calculate the present value of the benefit obligation	4%		4%
Annual vesting percentage			3%
Award vesting rights, percentage			100%
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%
Accrued expense under the plan	$ 66		$ 66
Life insurance plan with a post retirement death benefit	250		250
Life insurance plan aggregate expenses	5	$ 1	11	$ 3
Postemployment benefits prior period expense reversed			$ 55
Other Postretirement Benefits Plan | Executive Management | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Deferred compensation arrangement guaranteed award percentage			15%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period			3 years
Award expiration period			10 years
Options granted (in shares) | shares				89,000
Compensation cost not yet recognized	645		$ 645
Compensation cost recognition weighted average period			1 year 4 months 24 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period			4 years
Compensation cost recognition weighted average period			3 years 2 months 12 days
Nonvested awards, compensation not yet recognized, awards other than options	$ 3,200		$ 3,200
2019 Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares authorized (in shares) | shares	500,000		500,000
Number of shares available for grant (in shares) | shares	56,114		56,114
2019 Equity Compensation Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares) | shares			281,500
Unvested options cancelled and returned | shares			11,164
2019 Equity Compensation Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares) | shares			182,700
Unvested options cancelled and returned | shares			9,150

Employee Benefit Plans - Stock

Employee Benefit Plans - Stock Transactions - Stock Option Plans (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Shares
Options Outstanding, beginning shares (in shares)			688,533
Options granted (in shares)	0	0
Options exercised (in shares)	(15,335)	(24,131)	(62,709)	(36,598)
Options forfeited, shares			(9,164)
Options Outstanding, ending shares (in shares)	616,660		616,660		688,533
Shares Exercisable	486,844		486,844
Weighted average exercise price
Weighted Average exercise Price: Options Outstanding, beginning (in usd per share)			$ 17.56
Weighted Average Exercise Price: Options exercised (in usd per share)			15.21
Weighted Average Exercise Price: Options forfeited (in usd per share)			19.62
Weighted Average exercise Price: Options Outstanding, ending (in usd per share)	$ 17.76		17.76		$ 17.56
Weighted average exercise price, Options Exercisable (in dollars per share)	$ 17.26		$ 17.26
Weighted Average Remaining Contractual Life (in years): Options Outstanding			6 years 3 months 18 days		6 years 7 months 6 days
Weighted Average Remaining Contractual Life (in years): Options Exercisable			5 years 8 months 12 days
Aggregate Intrinsic Value: Options Outstanding	$ 5,375,207		$ 5,375,207		$ 5,986,666
Aggregate Intrinsic Value: Options Exercisable	$ 4,490,215		$ 4,490,215

Employee Benefit Plans - Fair V

Employee Benefit Plans - Fair Value Assumptions (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)	0	0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)			89,000
Weighted Average Exercise Price: Options granted (in usd per share)			$ 19.21
Weighted average fair value of options (in usd per share)			$ 7.72
Expected life in years			8 years 4 months 17 days
Expected volatility			43.69%
Risk-free interest rate			1.14%
Dividend yield			1.68%

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Information About Options Exercised (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Employee Benefit Plans
Number of options exercised (in shares)	15,335	24,131	62,709	36,598
Total intrinsic value of options exercised	$ 120,065	$ 347,759	$ 866,357	$ 517,782
Cash received from options exercised	314,323	187,513	953,537	267,626
Tax deduction realized from options	$ 36,121	$ 61,462	$ 260,643	$ 112,613

Employee Benefit Plans - Stoc_2

Employee Benefit Plans - Stock Transactions - Stock Options Outstanding And Exercisable (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Options outstanding (in shares) | shares	616,600
Options outstanding, Weighted average remaining contractual life (in years)	6 years 3 months 18 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 17.76
Options exercisable (in shares) | shares	486,844
Options exercisable, Weighted average exercise price (in dollars per share)	$ 17.26
$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	108,261
Options outstanding, Weighted average remaining contractual life (in years)	3 years 1 month 6 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 9.06
Options exercisable (in shares) | shares	108,261
Options exercisable, Weighted average exercise price (in dollars per share)	$ 9.06
$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	123,933
Options outstanding, Weighted average remaining contractual life (in years)	6 years 8 months 12 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 16.48
Options exercisable (in shares) | shares	85,607
Options exercisable, Weighted average exercise price (in dollars per share)	$ 16.17
$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	384,466
Options outstanding, Weighted average remaining contractual life (in years)	7 years
Options outstanding, Weighted average exercise price (in dollars per share)	$ 20.63
Options exercisable (in shares) | shares	292,976
Options exercisable, Weighted average exercise price (in dollars per share)	$ 20.60

Employee Benefit Plans - Compen

Employee Benefit Plans - Compensation Expense Related To Stock Options (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 138,417	$ 222,545	$ 301,743	$ 430,147
Income tax benefit	40,003	64,316	87,204	124,313
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	300,689	187,401	531,693	353,750
Income tax benefit	$ 86,899	$ 54,159	$ 153,659	$ 102,234

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Shares
Nonvested restricted stock, beginning balance (in shares)			119,487
Granted (in shares)	1,000	10,000	71,000	40,000
Cancelled (in shares)			(8,025)
Vested (in shares)			(28,592)
Nonvested restricted stock, ending balance (in shares)	153,870		153,870
Average grant date fair value
Nonvested restricted stock, beginning balance (in dollars per share)			$ 21
Granted (in dollars per share)	$ 28.20	$ 21.60	27.53	$ 19.99
Vested (in dollars per share)			19.88
Cancelled (in dollars per share)			22.89
Nonvested restricted stock, ending balance (in dollars per share)	$ 24.12		$ 24.12

Employee Benefit Plans - Stoc_3

Employee Benefit Plans - Stock Transactions - Restricted Stock Awards (Details) - Restricted Stock - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares granted (in shares)	1,000	10,000	71,000	40,000
Average grant date fair value (in usd per share)	$ 28.20	$ 21.60	$ 27.53	$ 19.99

Employee Benefit Plans - SERP N

Employee Benefit Plans - SERP Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) installment	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Defined Benefit Plan Disclosure
Benefit obligation	$ 4,689	$ 4,521	$ 3,845	$ 3,845
President and CEO | SERP
Defined Benefit Plan Disclosure
Percent of average executive base salary	60%
Payment term after separation	36 months
Number of annual payments after separation | installment	15
Total estimated future payments	$ 7,200
Assumptions used calculating benefit obligation, discount rate	4%
Annual vesting percentage	3%
Award vesting rights, percentage	100%

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		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Employee Benefit Plans
Service cost	$ 37		$ 74
Service cost, credit		$ (35)		$ (69)
Interest cost	47	35	94	69
Amortization of prior service cost		311		332
Net periodic benefit cost	$ 84	$ 311	$ 168	$ 332
Reduction in service cost					$ (137)

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		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Employee Benefit Plans
Benefit obligation, beginning of year			$ 4,521	$ 3,845	$ 3,845
Service cost	$ 37		74
Service cost, credit		$ (35)		(69)
Interest cost	47	35	94	69
Benefit obligation, end of year	$ 4,689	$ 3,845	$ 4,689	$ 3,845	4,521
Reduction in service cost					$ (137)

Employee Benefit Plans - Execut

Employee Benefit Plans - Executive Incentive Retirement Plan (Details) - Executive Management $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Deferred Compensation Arrangement with Individual, Postretirement Benefits
Deferred compensation arrangement, option to elect to defer fees and bonuses, percentage	100%
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	$ 66

Regulatory Capital (Details)

Regulatory Capital (Details)	Jun. 30, 2022	Dec. 31, 2021
Compliance with Regulatory Capital Requirements under Banking Regulations
Leverage ratio	0.1120	0.1051
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations
Leverage ratio	0.1066	0.1000

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle
Operating lease right-of-use assets	$ 5,206	$ 5,249
Present value of lease liabilities	5,299	5,300
Reserve for commitments	$ 486	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Leases
Operating lease cost	$ 188	$ 149	$ 376	$ 298
Lease, Cost, Total	188	149	376	298
Operating cash flows from operating leases	$ 182	$ 145	365	$ 290
ROU assets obtained in exchange for new operating lease liabilities			$ 582
Weighted average remaining lease term in years	11 years 2 months 4 days		11 years 2 months 4 days		11 years 4 months 24 days
Weighted average discount rate	3.14%		3.14%		3.20%
Operating lease right-of-use assets	$ 5,206		$ 5,206		$ 5,249
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets		Prepaid Expense and Other Assets		Prepaid Expense and Other Assets

Leases - Maturity (Details)

Leases - Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases
2022	$ 366
2023	670
2024	624
2025	623
2026	624
2027 and thereafter	3,168
Total lease payments	6,075
Less: Interest	(776)
Lease liabilities	$ 5,299	$ 5,300
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities and Other Liabilities