Unity Bancorp (UNTY) 10-Q8 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2024	Apr. 30, 2024
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	1-12431
Entity Registrant Name	Unity Bancorp, Inc.
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	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,039,119
Entity Central Index Key	0000920427
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 20,619	$ 20,668
Interest-bearing deposits	162,367	174,108
Cash and cash equivalents	182,986	194,776
Securities:
Debt securities available for sale, at market value	94,682	91,765
Debt securities held to maturity, at amortized cost	36,089	36,122
Equity securities, at market value	7,931	7,802
Total securities	138,702	135,689
Loans:
Total loans	2,174,457	2,172,063
Allowance for credit losses	(26,080)	(25,854)
Net loans	2,148,377	2,146,209
Premises and equipment, net	19,281	19,567
Bank owned life insurance ("BOLI")	25,295	25,230
Deferred tax assets, net	12,681	12,552
Federal Home Loan Bank ("FHLB") stock	15,896	18,435
Accrued interest receivable	13,165	13,582
Goodwill	1,516	1,516
Prepaid expenses and other assets	10,189	10,951
Total assets	2,568,088	2,578,507
Deposits:
Noninterest-bearing demand	395,520	419,636
Interest-bearing demand	325,174	312,208
Savings	504,210	497,491
Brokered deposits	235,755	268,408
Time Deposits	500,611	426,397
Total deposits	1,961,270	1,924,140
Borrowed funds	299,397	356,438
Subordinated debentures	10,310	10,310
Accrued interest payable	1,551	1,924
Accrued expenses and other liabilities	28,799	24,265
Total liabilities	2,301,327	2,317,077
Shareholders' equity:
Common stock	101,676	100,426
Retained earnings	199,380	191,108
Treasury stock	(31,443)	(27,367)
Accumulated other comprehensive loss	(2,852)	(2,737)
Total shareholders' equity	266,761	261,430
Total liabilities and shareholders' equity	2,568,088	2,578,507
SBA loans held for sale
Loans:
Total loans	18,439	18,242
SBA loans held for investment
Loans:
Total loans	39,009	38,584
Allowance for credit losses	(1,209)	(1,221)
SBA PPP loans
Loans:
Total loans	2,168	2,318
Commercial loans
Loans:
Total loans	1,291,319	1,277,460
Allowance for credit losses	(16,187)	(15,876)
Residential mortgage loans
Loans:
Total loans	627,464	631,506
Allowance for credit losses	(6,394)	(6,529)
Consumer loans
Loans:
Total loans	72,275	72,676
Allowance for credit losses	(922)	(1,022)
Residential construction loans
Loans:
Total loans	123,783	131,277
Allowance for credit losses	$ (1,368)	$ (1,206)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Mar. 31, 2024	Dec. 31, 2023
Consolidated Balance Sheets
Common stock, shares issued (in shares)	11,555	11,424
Common stock, shares outstanding (in shares)	10,044	10,063
Treasury shares	1,511	1,361

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME
Interest-bearing deposits	$ 420	$ 333
FHLB stock	280	331
Securities:
Taxable	1,849	1,739
Tax-exempt	18	19
Total securities	1,867	1,758
Loans:
SBA loans	1,333	1,404
SBA PPP loans	8	77
Commercial loans	20,830	17,401
Residential mortgage loans	9,219	8,109
Consumer loans	1,402	1,354
Residential construction loans	2,578	2,586
Total loans	35,370	30,931
Total interest income	37,937	33,353
INTEREST EXPENSE
Interest-bearing demand deposits	1,710	965
Savings deposits	3,144	1,554
Brokered deposits	2,295	1,562
Time deposits	4,699	1,563
Borrowed funds and subordinated debentures	2,248	3,799
Total interest expense	14,096	9,443
Net interest income	23,841	23,910
Provision for credit losses, loans	641	108
Provision for credit losses, off-balance sheet	2
Net interest income after provision for credit losses	23,198	23,802
NONINTEREST INCOME
Gain on sale of SBA loans held for sale, net	238	309
Gain on sale of mortgage loans, net	320	244
BOLI income	65	80
Net security gains (losses)	54	(322)
Other income	341	368
Total noninterest income	1,718	1,417
NONINTEREST EXPENSE
Compensation and benefits	7,357	7,090
Processing and communications	906	804
Occupancy	798	770
Furniture and equipment	684	689
Professional services	436	427
Advertising	400	260
Loan related expenses	384	175
Deposit insurance	339	348
Director fees	247	217
Other expenses	581	648
Total noninterest expense	12,132	11,428
Income before provision for income taxes	12,784	13,791
Provision for income taxes	3,198	3,504
Net income	$ 9,586	$ 10,287
Net income per common share - Basic	$ 0.95	$ 0.98
Net income per common share - Diluted	$ 0.93	$ 0.96
Weighted average common shares outstanding - Basic	10,127	10,538
Weighted average common shares outstanding - Diluted	10,276	10,686
Branch fee income
NONINTEREST INCOME
Noninterest income	$ 243	$ 235
Service and loan fee income
NONINTEREST INCOME
Noninterest income	$ 457	$ 503

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements of Comprehensive Income
Net income, before tax amount	$ 12,784	$ 13,791
Income tax expense (benefit)	3,198	3,504
Net income	9,586	10,287
Debt securities available for sale:
Unrealized holding losses (gains) on securities arising during the period, before tax	(44)	359
Unrealized holding losses (gains) on securities arising during the period, tax	(10)	93
Unrealized holding losses (gains) on securities arising during the period, net	(34)	266
Total unrealized losses on securities available for sale, before tax	(44)	359
Total unrealized losses on securities available for sale, tax	(10)	93
Total unrealized losses on securities available for sale, net of tax	(34)	266
Net unrealized (losses) gains from cash flow hedges:
Unrealized holding losses on cash flow hedges arising during the period, before tax	(351)	(433)
Unrealized holding losses on cash flow hedges arising during the period, tax	(100)	(92)
Unrealized holding losses on cash flow hedges arising during the period, net of tax	(251)	(341)
Less: reclassification adjustment for gains on cash flow hedges included in net income, before tax	(238)	(198)
Less: reclassification adjustment for gains on cash flow hedges included in net income, tax	(68)	(42)
Less: reclassification adjustment for gains on cash flow hedges included in net income, net of tax	(170)	(156)
Total unrealized losses on cash flow hedges, before tax	(113)	(235)
Total unrealized losses on cash flow hedges, tax	(32)	(50)
Total unrealized losses on cash flow hedges, net of tax	(81)	(185)
Total other comprehensive (loss) income, before tax	(157)	124
Total other comprehensive (loss) income, tax	(42)	43
Total other comprehensive (loss) income, net of tax	(115)	81
Total comprehensive income, before tax	12,627	13,915
Total comprehensive income, tax	3,156	3,547
Total comprehensive income, net of tax	$ 9,471	$ 10,368

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands		Common stock	Retained earnings Cumulative Effect, Period of Adoption, Adjustment	Retained earnings	Treasury stock	Accumulated other comprehensive (loss) income	Cumulative Effect, Period of Adoption, Adjustment	Total
Beginning Balance (in shares) at Dec. 31, 2022		10,584
Beginning balance at Dec. 31, 2022		$ 97,204	$ (649)	$ 156,958	$ (11,675)	$ (3,260)	$ (649)	$ 239,227
Increase (Decrease) in Stockholders' Equity
Net income				10,287				10,287
Other comprehensive income, net of tax						81		81
Dividends on common stock (in shares)		2
Dividends on common stock		$ 46		(1,261)				(1,215)
Share-based compensation (in shares)	[1]	44
Share-based compensation	[1]	$ 947						947
Treasury stock purchased, at cost (in shares)		(338)
Treasury stock purchased, at cost					(8,219)			(8,219)
Ending Balance (in shares) at Mar. 31, 2023		10,292
Ending balance at Mar. 31, 2023		$ 98,197		165,335	(19,894)	(3,179)		$ 240,459
Beginning Balance (in shares) at Dec. 31, 2023		10,063						10,063
Beginning balance at Dec. 31, 2023		$ 100,426		191,108	(27,367)	(2,737)		$ 261,430
Increase (Decrease) in Stockholders' Equity
Net income				9,586				9,586
Other comprehensive income, net of tax						(115)		(115)
Dividends on common stock (in shares)		2
Dividends on common stock		$ 53		(1,314)				(1,261)
Share-based compensation (in shares)	[1]	129
Share-based compensation	[1]	$ 1,197						1,197
Treasury stock purchased, at cost (in shares)		(150)
Treasury stock purchased, at cost					(4,076)			$ (4,076)
Ending Balance (in shares) at Mar. 31, 2024		10,044						10,044
Ending balance at Mar. 31, 2024		$ 101,676		$ 199,380	$ (31,443)	$ (2,852)		$ 266,761

[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
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements of Changes in Shareholders' Equity
Common stock, dividends, per share, cash paid (in dollars per share)	$ 0.13	$ 0.12

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING ACTIVITIES:
Net income	$ 9,586	$ 10,287
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses, loans	641	108
Net amortization of purchase premiums and discounts on securities	34	36
Depreciation and amortization (accretion)	554	(738)
PPP deferred fees and costs	(3)	(68)
Deferred income tax (benefit) expense	(87)	91
Net realized security gains	(21)	(222)
Stock compensation expense	476	417
Valuation writedowns on OREO		113
Gain on sale of mortgage loans, net	(320)	(244)
Gain on sale of SBA loans held for sale, net	(238)	(309)
BOLI income	(65)	(80)
Net change in other assets and liabilities	5,205	4,359
Net cash provided by operating activities	15,762	13,750
INVESTING ACTIVITIES
Purchases of equity securities	(166)	(126)
Purchases of securities available for sale	(4,000)
Proceeds from redemption of FHLB stock, at cost, net	2,539	376
Maturities and principal payments on securities held to maturity	100
Maturities and principal payments on securities available for sale	1,041	1,639
Proceeds from sales of equity securities	91	1,269
Net decrease in SBA PPP loans	153	3,431
Net increase in loans	(2,705)	(26,339)
Purchases of premises and equipment	(78)	(195)
Net cash used in investing activities	(3,025)	(19,945)
FINANCING ACTIVITIES
Net increase in deposits	37,130	36,393
Repayments of short-term borrowings	(61,400)	(14,000)
Proceeds from long-term borrowings	4,359	5,000
Proceeds from exercise of stock options	721	530
Dividends on common stock	(1,261)	(1,215)
Purchase of treasury stock, including exise tax accrual	(4,076)	(8,219)
Net cash (used in) provided by financing activities	(24,527)	18,489
(Decrease) increase in cash and cash equivalents	(11,790)	12,294
Cash and cash equivalents, beginning of year	194,776	114,793
Cash and cash equivalents, end of period	182,986	127,087
SUPPLEMENTAL DISCLOSURES
Interest paid	14,469	9,202
Income taxes paid	250	3,557
Noncash activities:
Capitalization of servicing rights	$ 76	159
Transfer of loans to OREO		$ 288

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Mar. 31, 2024
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"). 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 (“GAAP”) 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 credit losses, valuation of servicing assets, the valuation of securities and the determination of impairment for securities and fair value disclosures. Management believes that the allowance for credit losses is adequate. While management uses available information to recognize credit losses, future additions to the allowance for credit losses may be necessary based on changes in economic conditions and the general credit quality of the loan portfolio. 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, that in the opinion of management, are necessary for the fair presentation of interim results. The results of operations for the three months ended March 31, 2024 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. GAAP 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, 2023. Risks and Uncertainties Overall, the markets and customers serviced by the Company may be significantly impacted by ongoing macro-economic trends, such as inflation and recessionary pressures created by a higher interest rate environment. The Company assesses the impact of inflation on an ongoing basis. Market conditions and external factors may unpredictably impact the competitive landscape for deposits in the banking industry. Additionally, the current high interest rate environment has increased competition for liquidity and the premium at which liquidity is available to meet funding needs. The Company believes the sources of liquidity presented in the Unaudited Consolidated Financial Statements and the Notes to the Unaudited Consolidated Financial Statements are sufficient to meet its needs as of the balance sheet date. An unexpected influx of withdrawals of deposits could adversely impact the Company's ability to rely on organic deposits to primarily fund its operations, potentially requiring greater reliance on secondary sources of liquidity to meet withdrawal demands or to fund continuing operations. These sources may include proceeds from Federal Home Loan Bank advances, sales of securities and loans, federal funds lines of credit from correspondent banks and out-of-market time deposits. Such reliance on secondary funding sources could increase the Company's overall cost of funding and thereby reduce net income. While the Company believes its current sources of liquidity are adequate to fund operations, there is no guarantee they will suffice to meet future liquidity demands. This may necessitate slowing or discontinuing loan growth, capital expenditures or other investments, or liquidating assets. New Accounting Guidance adopted in 2024 Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” requires public entities to disclose detailed information about a reportable segment’s expenses on both an annual and interim basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The amendments in ASU 2023-07 should be applied retrospectively to all periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The Company adopted ASU 2023-07 effective January 1, 2024, noting no material impact.

Litigation

Litigation	3 Months Ended
Litigation	Mar. 31, 2024
Litigation
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	3 Months Ended
Net Income per Share	Mar. 31, 2024
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. Common shares include vested and unvested restricted shares. 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 March 31, (In thousands, except per share amounts) 2024 2023 Net income $ 9,586 $ 10,287 Weighted average common shares outstanding - Basic 10,127 10,538 Plus: Potential dilutive common stock equivalents 149 148 Weighted average common shares outstanding - Diluted 10,276 10,686 Net income per common share - Basic $ 0.95 $ 0.98 Net income per common share - Diluted 0.93 0.96 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive — —

Other Comprehensive (Loss) Inco

Other Comprehensive (Loss) Income	3 Months Ended
Other Comprehensive (Loss) Income	Mar. 31, 2024
Other Comprehensive (Loss) Income
Other Comprehensive (Loss) Income	NOTE 4. Other Comprehensive (Loss) Income The following tables show the changes in other comprehensive (loss) income for the three months ended March 31, 2024 and 2023, net of tax: For the three months ended March 31, 2024 Accumulated Net unrealized Net unrealized other losses on gains (losses) from comprehensive (In thousands) securities cash flow hedges loss Balance, beginning of period $ (3,408) $ 671 $ (2,737) Other comprehensive loss before reclassifications (34) (251) (285) Less amounts reclassified from accumulated other comprehensive loss — (170) (170) Period change (34) (81) (115) Balance, end of period $ (3,442) $ 590 $ (2,852) For the three months ended March 31, 2023 Net unrealized Accumulated Net unrealized gains (losses) other (losses) gains on from cash flow comprehensive (In thousands) securities hedges (loss) income Balance, beginning of period $ (4,381) $ 1,121 $ (3,260) Other comprehensive income (loss) before reclassifications 266 (341) (75) Less amounts reclassified from accumulated other comprehensive loss — (156) (156) Period change 266 (185) 81 Balance, end of period $ (4,115) $ 936 $ (3,179)

Fair Value

Fair Value	3 Months Ended
Fair Value	Mar. 31, 2024
Fair Value
Fair Value	NOTE 5. Fair Value Fair Value Measurement The Company follows Financial Accounting Standards Board FASB”) ASC Topic 820, “Fair Value Measurement and Disclosures,” 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 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 March 31, 2024, the fair value of the Company’s AFS debt securities portfolio was $94.7 million. Most of the Company’s AFS debt securities were classified as Level 2 assets at March 31, 2024. 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 third-party model pricing, defined as valuing securities based upon their relationship with other benchmark securities. Included in the Company’s AFS debt securities are select corporate bonds which are classified as Level 3 assets at March 31, 2024. The valuation of these corporate bonds is determined using broker quotes or third-party vendor prices that are not adjusted by management. 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 AFS debt securities measured at fair value on a recurring basis for the three months ended March 31, 2024 and 2023: Collateralized Debt Obligations (In thousands) 2024 2023 Balance of Recurring Level 3 assets at January 1 $ 7,979 $ 4,675 Activity Losses in other comprehensive income — (165) Balance of recurring Level 3 assets at March 31 $ 7,979 $ 4,510 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 March 31, 2024, the fair value of the Company’s equity securities portfolio was $7.9 million. All of the Company’s equity securities were classified as Level 1 assets at March 31, 2024. 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. There were no material changes in the inputs or methodologies used to determine fair value during the period ended March 31, 2024, as compared to the periods ended December 31, 2023 and March 31, 2023. The tables below present the balances of assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023: Fair Value Measurements at March 31, 2024 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 $ 15,264 $ — $ 15,264 $ — State and political subdivisions 350 — 350 — Residential mortgage-backed securities 13,532 — 13,532 — Corporate and other securities 65,536 — 57,557 7,979 Total debt securities available for sale $ 94,682 $ — $ 86,703 $ 7,979 Equity securities with readily determinable fair values $ 7,931 $ 7,931 $ — $ — Total equity securities $ 7,931 $ 7,931 $ — $ — Interest rate swap agreements $ 805 $ — $ 805 $ — Total swap agreements $ 805 $ — $ 805 $ — Fair value Measurements at December 31, 2023 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 $ 16,033 $ — $ 16,033 $ — State and political subdivisions 360 — 360 — Residential mortgage-backed securities 14,077 — 14,077 — Corporate and other securities 61,295 — 53,316 7,979 Total debt securities available for sale $ 91,765 $ — $ 83,786 $ 7,979 Equity securities with readily determinable fair values $ 7,802 $ 7,802 $ — $ — Total equity securities $ 7,802 $ 7,802 $ — $ — Interest rate swap agreements $ 918 $ — $ 918 $ — Total swap agreements $ 918 $ — $ 918 $ — There were no liabilities measured on a recurring basis as of March 31, 2024 or December 31, 2023. Fair Value on a Nonrecurring Basis The following tables present the assets and liabilities subject to fair value adjustments 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 March 31, 2024 Quoted Prices Significant in Active Other Significant Assets/Liabilities Markets for Observable Unobservable Measured at Fair Identical Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Measured on a non-recurring basis: Financial assets: Collateral-dependent loans $ 8,083 $ — $ — $ 8,083 Fair Value Measurements at December 31, 2023 Quoted Prices Significant in Active Other Significant Assets/Liabilities Markets for Observable Unobservable Measured at Fair Identical Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Measured on a non-recurring basis: Financial assets: Collateral-dependent loans $ 4,755 $ — $ — $ 4,755 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: Collateral-Dependent Loans Fair value is determined based on the fair value of the collateral and is measured for impairment based upon a third-party appraisal. When an updated appraisal is received for a nonperforming loan, the value on the appraisal may be discounted. If there is a deficiency in the value after the Company applies these discounts, management applies a specific reserve and the loan remains in nonaccrual status. The receipt of an updated appraisal would not qualify as a reason to put a loan back into accruing status. The Company removes loans from nonaccrual status generally when the borrower makes six months of contractual payments and/or demonstrates the ability to service the debt going forward. Charge-offs are determined based upon the loss that management believes the Company will incur after evaluating collateral for impairment based upon the valuation methods described above and the ability of the borrower to pay any deficiency. The valuation allowance for individually evaluated loans is included in the allowance for credit losses in the Consolidated Balance Sheets. At March 31, 2024, the valuation allowance for individually evaluated loans was $1.1 million, compared to $1.0 million at December 31, 2023. 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: 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 loans. 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. The table below presents the carrying amount and estimated fair values of the Company’s financial instruments presented as of March 31, 2024 and December 31, 2023: March 31, 2024 Carrying (In thousands) amount Level 1 Level 2 Level 3 Financial assets: Debt securities held to maturity $ 36,089 $ — $ 29,138 $ — SBA loans held for sale 18,439 — 19,383 — Loans, net of allowance for credit losses 2,129,938 — 2,018,402 8,083 Financial liabilities: Deposits 1,961,270 — 1,952,706 — Borrowed funds and subordinated debentures 309,707 — 308,640 — December 31, 2023 Carrying (In thousands) amount Level 1 Level 2 Level 3 Financial assets: Debt securities held to maturity $ 36,122 $ — $ 29,656 $ — SBA loans held for sale 18,242 — 19,175 — Loans, net of allowance for credit losses 2,127,967 — 2,027,084 4,755 Financial liabilities: Deposits 1,924,140 — 1,915,022 — Borrowed funds and subordinated debentures 366,748 — 365,879 — 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-balance sheet 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	3 Months Ended
Securities	Mar. 31, 2024
Securities
Securities	NOTE 6. Securities This table provides the major components of debt securities available for sale ("AFS") and held to maturity (“HTM”) at amortized cost and estimated fair value at March 31, 2024 and December 31, 2023: March 31, 2024 Gross Gross Allowance Amortized unrealized unrealized for credit Estimated (In thousands) cost gains losses losses fair value Available for sale: U.S. Government sponsored entities $ 15,749 $ — $ (485) $ — $ 15,264 State and political subdivisions 379 — (29) — 350 Residential mortgage-backed securities 15,184 29 (1,681) — 13,532 Corporate and other securities 69,203 250 (2,634) (1,283) 65,536 Total debt securities available for sale $ 100,515 $ 279 $ (4,829) $ (1,283) $ 94,682 Held to maturity: U.S. Government sponsored entities $ 28,000 $ — $ (4,656) $ — $ 23,344 State and political subdivisions 1,187 75 — — 1,262 Residential mortgage-backed securities 6,902 — (2,370) — 4,532 Total debt securities held to maturity $ 36,089 $ 75 $ (7,026) $ — $ 29,138 December 31, 2023 Gross Gross Allowance Amortized unrealized unrealized for credit Estimated (In thousands) cost gains losses losses fair value Available for sale: U.S. Government sponsored entities $ 16,490 $ — $ (457) $ — $ 16,033 State and political subdivisions 388 — (28) — 360 Residential mortgage-backed securities 15,473 30 (1,426) — 14,077 Corporate and other securities 65,203 251 (2,876) (1,283) 61,295 Total debt securities available for sale $ 97,554 $ 281 $ (4,787) $ (1,283) $ 91,765 Held to maturity: U.S. Government sponsored entities $ 28,000 $ — $ (4,419) $ — $ 23,581 State and political subdivisions 1,272 90 — — 1,362 Residential mortgage-backed securities 6,850 — (2,137) — 4,713 Total debt securities held to maturity $ 36,122 $ 90 $ (6,556) $ — $ 29,656 For three months ended March 31, 2024 and 2023 there was no provision for credit loss on AFS debt securities. The contractual maturities of available for sale and held for maturity debt securities at March 31, 2024 are set forth in the following table. Maturities may differ from contractual maturities in residential mortgage-backed securities because the mortgages underlying the securities may be prepaid without any penalties. Therefore, residential mortgage-backed securities are not included in the maturity categories in the following summary. Amortized Fair (In thousands) Cost Value Available for sale: Due in one year $ 749 $ 747 Due after one year through five years 33,780 31,358 Due after five years through ten years 13,289 11,558 Due after ten years 37,513 37,487 Residential mortgage-backed securities 15,184 13,532 Total $ 100,515 $ 94,682 Held to maturity: Due in one year $ — $ — Due after one year through five years — — Due after five years through ten years 3,000 2,897 Due after ten years 26,187 21,709 Residential mortgage-backed securities 6,902 4,532 Total $ 36,089 $ 29,138 Actual maturities of available for sale and held to maturity debt securities may differ from those presented above since certain obligations provide the issuer the right to call or prepay the obligation prior to scheduled maturitiy without penalty. The fair value of debt securities with unrealized losses by length of time that the individual securities have been in a continuous unrealized loss position at March 31, 2024 and December 31, 2023 are as follows: March 31, 2024 Less than 12 months 12 months and greater Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) fair value loss fair value loss fair value loss Available for sale: U.S. Government sponsored entities $ 747 $ (2) $ 14,517 $ (483) $ 15,264 $ (485) State and political subdivisions — — 350 (29) 350 (29) Residential mortgage-backed securities — — 13,415 (1,681) 13,415 (1,681) Corporate and other securities 4,696 (1,054) 33,526 (1,580) 38,222 (2,634) Total $ 5,443 $ (1,056) $ 61,808 $ (3,773) $ 67,251 $ (4,829) Held to maturity: U.S. Government sponsored entities $ — $ — $ 23,344 $ (4,656) $ 23,344 $ (4,656) Residential mortgage-backed securities — $ — 4,532 (2,370) 4,532 (2,370) Total $ — $ — $ 27,876 $ (7,026) $ 27,876 $ (7,026) December 31, 2023 Less than 12 months 12 months and greater Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) fair value loss fair value loss fair value loss Available for sale: U.S. Government sponsored entities $ — $ — $ 16,033 $ (457) $ 16,033 $ (457) State and political subdivisions — — 360 (28) 360 (28) Residential mortgage-backed securities — — 13,949 (1,426) 13,949 (1,426) Corporate and other securities — — 54,827 (2,876) 54,827 (2,876) Total temporarily impaired AFS securities $ — $ — $ 85,169 $ (4,787) $ 85,169 $ (4,787) Held to maturity: U.S. Government sponsored entities $ — $ — $ 23,581 $ (4,419) $ 23,581 $ (4,419) Residential mortgage-backed securities — — 4,713 (2,137) 4,713 (2,137) Total temporarily impaired HTM securities $ — $ — $ 28,294 $ (6,556) $ 28,294 $ (6,556) Unrealized losses in each of the categories presented in the tables above were primarily driven by market interest rate fluctuations. Residential mortgage-backed securities are guaranteed by either Ginnie Mae, Freddie Mac or Fannie Mae. The Company is using the practical expedient Realized Gains and Losses on Debt Securities Net realized gains are included in noninterest income in the Consolidated Statements of Income as net security gains. There were no realized gains or losses on available for sale securities during the three months ended March 31, 2024 and 2023. There were no realized gains or losses for held to maturity debt securities during the three months ended March 31, 2024 and 2023. 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 months ended March 31, 2024 and 2023: For the three months ended March 31, (In thousands) 2024 2023 Net unrealized gains (losses) occurring during the period on equity securities $ 33 $ (544) Net gains recognized during the period on equity securities sold during the period 21 222 Gains (losses) recognized during the reporting period on equity securities $ 54 $ (322)

Loans

Loans	3 Months Ended
Loans	Mar. 31, 2024
Loans
Loans	NOTE 7. Loans The following table sets forth the classification of loans by class, including unearned fees, deferred costs and excluding the allowance for credit losses as of March 31, 2024 and December 31, 2023: (In thousands) March 31, 2024 December 31, 2023 SBA loans held for investment $ 39,009 $ 38,584 SBA PPP loans 2,168 2,318 Commercial loans SBA 504 loans 38,128 33,669 Commercial & industrial 133,409 128,402 Commercial real estate 977,437 986,230 Commercial real estate construction 142,345 129,159 Residential mortgage loans 627,464 631,506 Consumer loans Home equity 67,448 67,037 Consumer other 4,827 5,639 Residential construction loans 123,783 131,277 Total loans held for investment $ 2,156,018 $ 2,153,821 SBA loans held for sale 18,439 18,242 Total loans $ 2,174,457 $ 2,172,063 Loans are made to individuals and 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 SBA loans and are reflected at the lower of aggregate cost or market value. 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. 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. 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. Commercial Loans: Residential Mortgage, Consumer and Residential Construction Loans: 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 the Company initiates 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 commercial 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, commercial and residential construction 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: For residential mortgage and consumer 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. Nonaccrual and Past Due Loans Nonaccrual loans consist of loans that are not accruing interest as a result of principal or interest being in default, typically 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. When a loan is classified as nonaccrual, interest accruals are discontinued and all past due interest previously recognized as income is reversed and charged against current period earnings. Generally, until the loan becomes current, any payments received from the borrower are applied to outstanding principal until such time as management determines that the financial condition of the borrower and other factors merit recognition of a portion of such payments as interest income. Loans may be returned to an accrual status when the ability to collect is reasonably assured and when the loan is brought current as to principal and interest. The risk of loss is difficult to quantify and is subject to fluctuations in collateral values, general economic conditions and other factors. The Company values its collateral through the use of appraisals, broker price opinions and knowledge of its local market. The following tables set forth an aging analysis of past due and nonaccrual loans as of March 31, 2024 and December 31, 2023: March 31, 2024 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 $ 169 $ 275 $ 138 $ 3,542 $ 4,124 $ 34,885 $ 39,009 Commercial loans SBA 504 loans — — — — — 38,128 38,128 Commercial & industrial 321 — — 112 433 132,976 133,409 Commercial real estate 4,324 384 — 2,303 7,011 970,426 977,437 Commercial real estate construction — — — — — 142,345 142,345 Residential mortgage loans 12,178 — — 7,440 19,618 607,846 627,464 Consumer loans Home equity — — — 366 366 67,082 67,448 Consumer other 52 38 — — 90 4,737 4,827 Residential construction loans 434 — — 3,127 3,561 120,222 123,783 Total loans held for investment, excluding SBA PPP 17,478 697 138 16,890 35,203 2,118,647 2,153,850 SBA loans held for sale 508 — — — 508 17,931 18,439 Total loans, excluding SBA PPP $ 17,986 $ 697 $ 138 $ 16,890 $ 35,711 $ 2,136,578 $ 2,172,289 December 31, 2023 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 $ 551 $ 185 $ — $ 3,444 $ 4,180 $ 34,404 $ 38,584 Commercial loans SBA 504 loans — — — — — 33,669 33,669 Commercial & industrial 288 78 — 283 649 127,753 128,402 Commercial real estate 1,732 — — 1,665 3,397 982,833 986,230 Commercial real estate construction — — — — — 129,159 129,159 Residential mortgage loans 8,719 1,378 946 10,326 21,369 610,137 631,506 Consumer loans Home equity 14 — — 381 395 66,642 67,037 Consumer other 28 55 — — 83 5,556 5,639 Residential construction loans 2,580 — — 2,141 4,721 126,556 131,277 Total loans held for investment, excluding SBA PPP 13,912 1,696 946 18,240 34,794 2,116,709 2,151,503 SBA loans held for sale — — — — — 18,242 18,242 Total loans, excluding SBA PPP $ 13,912 $ 1,696 $ 946 $ 18,240 $ 34,794 $ 2,134,951 $ 2,169,745 The Company is using the practical expedient Individually Evaluated Loans The Company has defined individually evaluated loans to be all nonperforming loans. Management individually evaluates a loan 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. The following tables provide detail on the Company’s loans individually evaluated in the Company’s CECL evaluation with the associated allowance amount, if applicable, as of March 31, 2024 and December 31, 2023: March 31, 2024 Unpaid Allowance for principal Recorded Credit Losses (In thousands) balance investment Allocated With no related allowance: SBA loans held for investment $ 2,401 $ 2,323 $ — Commercial loans Commercial real estate 2,727 1,755 — Total commercial loans 2,727 1,755 — Residential mortgage loans 3,706 3,700 — Consumer loans Home equity 382 365 — Residential construction loans 547 547 — Total individually evaluated loans with no related allowance 9,763 8,690 — With an allowance: SBA loans held for investment 1,482 1,357 382 Commercial loans Commercial & industrial 718 112 112 Commercial real estate 699 548 225 Total commercial loans 1,417 660 337 Residential mortgage loans 3,772 3,740 300 Consumer loans Home equity 1 1 1 Residential construction loans 2,580 2,580 116 Total individually evaluated loans with a related allowance 9,252 8,338 1,136 Total individually evaluated loans: SBA loans held for investment 3,883 3,680 382 Commercial loans Commercial & industrial 718 112 112 Commercial real estate 3,426 2,303 225 Total commercial loans 4,144 2,415 337 Residential mortgage loans 7,478 7,440 300 Consumer loans Home equity 383 366 1 Residential construction loans 3,127 3,127 116 Total individually evaluated loans $ 19,015 $ 17,028 $ 1,136 December 31, 2023 Unpaid Allowance for principal Recorded Credit Losses (In thousands) balance investment Allocated With no related allowance: SBA loans held for investment $ 2,264 $ 2,186 $ — Commercial loans Commercial real estate 2,734 1,607 — Total commercial loans 2,734 1,607 — Residential mortgage loans 7,146 7,121 — Consumer loans Home equity 390 388 — Total consumer loans 390 388 — Residential construction loans 2,757 2,141 — Total individually evaluated loans with no related allowance 15,291 13,443 — With an allowance: SBA loans held for investment 1,383 1,258 348 Commercial loans Commercial & industrial 638 283 283 Commercial real estate 209 58 58 Total commercial loans 847 341 341 Residential mortgage loans 4,182 4,151 306 Total individually evaluated loans with a related allowance 6,412 5,750 995 Total individually evaluated loans: SBA loans held for investment 3,647 3,444 348 Commercial loans Commercial & industrial 638 283 283 Commercial real estate 2,943 1,665 58 Total commercial loans 3,581 1,948 341 Residential mortgage loans 11,328 11,272 306 Consumer loans Home equity 390 388 — Total consumer loans 390 388 — Residential construction loans 2,757 2,141 — Total individually evaluated loans $ 21,703 $ 19,193 $ 995 The following tables show the internal loan classification risk by loan portfolio classification by origination year as of March 31, 2024 and December 31, 2023, respectively: Term Loans Amortized Cost Basis by Origination Year, March 31, 2024 (In thousands) 2024 2023 2022 2021 2020 2019 and Earlier Revolving Loans Amortized Cost Basis Total SBA loans held for investment Risk Rating: Pass $ 964 $ 1,878 $ 5,241 $ 4,843 $ 5,778 $ 13,240 $ - $ 31,944 Special Mention - - 1,836 356 510 170 - 2,872 Substandard - - 1,256 2,186 176 575 - 4,193 Total SBA loans held for investment $ 964 $ 1,878 $ 8,333 $ 7,385 $ 6,464 $ 13,985 $ - $ 39,009 SBA PPP loans Risk Rating: Pass $ - $ - $ - $ 2,168 $ - $ - $ - $ 2,168 Total SBA PPP loans $ - $ - $ - $ 2,168 $ - $ - $ - $ 2,168 Commercial loans Risk Rating: Pass $ 14,828 $ 152,337 $ 336,287 $ 180,893 $ 126,845 $ 365,085 $ 103,292 $ 1,279,567 Special Mention - - 490 1,464 - 6,431 395 8,780 Substandard - - - 137 9 2,826 - 2,972 Total commercial loans $ 14,828 $ 152,337 $ 336,777 $ 182,494 $ 126,854 $ 374,342 $ 103,687 $ 1,291,319 Commercial loans Current-period gross writeoffs $ - $ - $ - $ - $ - $ 98 $ - $ 98 Residential mortgage loans Risk Rating: Performing $ 23,064 $ 85,980 $ 249,423 $ 70,123 $ 48,833 $ 142,601 $ - $ 620,024 Nonperforming - - 1,665 2,382 259 3,134 - 7,440 Total residential mortgage loans $ 23,064 $ 85,980 $ 251,088 $ 72,505 $ 49,092 $ 145,735 $ - $ 627,464 Consumer loans Risk Rating: Performing $ 693 $ 2,973 $ 4,400 $ 3,035 $ 644 $ 11,255 $ 48,908 $ 71,908 Nonperforming - - - - 109 1 257 367 Total consumer loans $ 693 $ 2,973 $ 4,400 $ 3,035 $ 753 $ 11,256 $ 49,165 $ 72,275 Consumer loans Current-period gross writeoffs $ - $ - $ 21 $ 49 $ - $ - $ - $ 70 Residential construction Risk Rating: Pass $ 6,595 $ 34,782 $ 64,368 $ 12,511 $ 1,418 $ - $ - $ 119,674 Special Mention - - - - - - - - Substandard - - - 2,580 547 982 - 4,109 Total residential construction loans $ 6,595 $ 34,782 $ 64,368 $ 15,091 $ 1,965 $ 982 $ - $ 123,783 Residential construction Current-period gross writeoffs $ - $ - $ - $ - $ - $ 277 $ - $ 277 Total loans held for investment $ 46,144 $ 277,950 $ 664,966 $ 282,678 $ 185,128 $ 546,300 $ 152,852 $ 2,156,018 Term Loans Amortized Cost Basis by Origination Year, December 31, 2023 (In thousands) 2023 2022 2021 2020 2019 2018 and Earlier Revolving Loans Amortized Cost Basis Total SBA loans held for investment Risk Rating: Pass $ 1,938 $ 5,339 $ 4,723 $ 6,083 $ 2,634 $ 10,996 $ - $ 31,713 Special Mention - 1,765 356 510 - 31 - 2,662 Substandard - 1,256 2,186 190 - 577 - 4,209 Total SBA loans held for investment $ 1,938 $ 8,360 $ 7,265 $ 6,783 $ 2,634 $ 11,604 $ - $ 38,584 SBA loans held for investment Current-period gross writeoffs $ - $ 100 $ - $ - $ 113 $ - $ - $ 213 SBA PPP loans Risk Rating: Pass $ - $ - $ 2,318 $ - $ - $ - $ - $ 2,318 Total SBA PPP loans $ - $ - $ 2,318 $ - $ - $ - $ - $ 2,318 Commercial loans Risk Rating: Pass $ 139,622 $ 343,755 $ 181,419 $ 128,165 $ 101,274 $ 271,469 $ 96,988 $ 1,262,692 Special Mention - - 1,815 - 1,570 7,423 395 11,203 Substandard - - 59 14 288 3,204 - 3,565 Total commercial loans $ 139,622 $ 343,755 $ 183,293 $ 128,179 $ 103,132 $ 282,096 $ 97,383 $ 1,277,460 Commercial loans Current-period gross writeoffs $ - $ - $ 150 $ - $ 350 $ 252 $ - $ 752 Residential mortgage loans Risk Rating: Performing $ 102,892 $ 253,919 $ 72,586 $ 51,999 $ 30,482 $ 109,302 $ - $ 621,180 Nonperforming - 2,964 2,714 1,054 945 2,649 - 10,326 Total residential mortgage loans $ 102,892 $ 256,883 $ 75,300 $ 53,053 $ 31,427 $ 111,951 $ - $ 631,506 Residential mortgage loans Current-period gross writeoffs $ - $ - $ 25 $ - $ - $ 68 $ - $ 93 Consumer loans Risk Rating: Performing $ 3,428 $ 4,777 $ 3,681 $ 670 $ 2,481 $ 7,507 $ 49,751 $ 72,295 Nonperforming - - - 125 - 256 - 381 Total consumer loans $ 3,428 $ 4,777 $ 3,681 $ 795 $ 2,481 $ 7,763 $ 49,751 $ 72,676 Consumer loans Current-period gross writeoffs $ - $ 26 $ 552 $ - $ - $ - $ - $ 578 Residential construction Risk Rating: Performing $ 28,827 $ 72,257 $ 25,395 $ 1,418 $ 491 $ 748 $ - $ 129,136 Nonperforming - - - 547 - 1,594 - 2,141 Total residential construction loans $ 28,827 $ 72,257 $ 25,395 $ 1,965 $ 491 $ 2,342 $ - $ 131,277 Residential construction Current-period gross writeoffs $ - $ - $ - $ - $ - $ 600 $ 400 $ 1,000 Total loans held for investment $ 276,707 $ 686,032 $ 297,252 $ 190,775 $ 140,165 $ 415,756 $ 147,134 $ 2,153,821 Modifications The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, the Company modifies loans by providing principal forgiveness on certain of its real estate loans. When principal forgiveness is provided, the amortized cost basis of the asset is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. The following table shows the amortized cost basis at the end of the reporting period of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of gross loans and type of concession granted (numbers in thousands) during the twelve months ended March 31, 2024: Principal Payment Term (In thousands) Forgiveness Delay Extension SBA loans held for investment $ 8 $ 99 $ — Commercial loans Commercial & industrial — — 813 Commercial real estate — 2,619 — Consumer loans Home equity — — 2,309 Balance, March 31, 2024 $ 8 $ 2,718 $ 3,122 Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. No loans that were modified during the twelve months ended March 31, 2024 had a payment default during the period and all loans were current as of March 31, 2024.

Allowance for Credit Losses and

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments	3 Months Ended
	Mar. 31, 2024
Allowance for Credit Losses and Reserve for Unfunded Loan Commitments
Allowance for Credit Losses and Reserve for Unfunded Loan Commitments	NOTE 8. Allowance for Credit Losses and Reserve for Unfunded Loan Commitments Allowance for Credit Losses The Company has an established methodology to determine the adequacy of the allowance for credit losses that assesses the risks and losses inherent in the loan portfolio. At a minimum, the adequacy of the allowance for credit losses is reviewed by management on a quarterly basis. 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 evaluated for individually evaluated loans. 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. These environmental factors include reasonable and supportable forecasts. Within the historical net charge-off rate, the Company weights the data dating back to 2015 on a straight line basis and projects the losses on a weighted average remaining maturity basis for each segment. 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 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 credit losses as soon as a loan is recognized as uncollectable. All credits which are 90 days past due must be analyzed for the Company’s ability to collect on the credit. Once a loss is known to exist, the charge-off approval process is immediately expedited. This charge-off policy is followed for all loan types. The following tables detail the activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2024 and 2023: For the three months ended March 31, 2024 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Balance, beginning of period $ 1,221 $ 15,876 $ 6,529 $ 1,022 $ 1,206 $ 25,854 Charge-offs — (98) — (70) (277) (445) Recoveries 8 12 — 10 — 30 Net recoveries (charge-offs) 8 (86) — (60) (277) (415) (Credit to) provision for credit losses charged to expense (20) 397 (135) (40) 439 641 Balance, end of period $ 1,209 $ 16,187 $ 6,394 $ 922 $ 1,368 $ 26,080 For the three months ended March 31, 2023 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Balance, beginning of period $ 875 $ 15,254 $ 5,450 $ 990 $ 2,627 $ 25,196 Effect of adopting Accounting Standards Update ("ASU") No. 2016-13 ("CECL") 163 171 376 101 36 847 Charge-offs (113) — — (120) — (233) Recoveries — 271 — 12 — 283 Net (charge-offs) recoveries (113) 271 — (108) — 50 Provision for (credit to) credit losses charged to expense 178 (395) 309 37 (21) 108 Balance, end of period $ 1,103 $ 15,301 $ 6,135 $ 1,020 $ 2,642 $ 26,201 The following tables present loans and their related allowance for credit losses, by portfolio segment, as of March 31, 2024 and December 31, 2023: March 31, 2024 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Allowance for credit losses ending balance: Individually evaluated $ 382 $ 337 $ 300 $ 1 $ 116 $ 1,136 Collectively evaluated 827 15,850 6,094 921 1,252 24,944 Total $ 1,209 $ 16,187 $ 6,394 $ 922 $ 1,368 $ 26,080 Loan ending balances: Individually evaluated $ 3,680 $ 2,415 $ 7,440 $ 366 $ 3,127 $ 17,028 Collectively evaluated 37,497 1,288,904 620,024 71,909 120,656 2,138,990 Total $ 41,177 $ 1,291,319 $ 627,464 $ 72,275 $ 123,783 $ 2,156,018 December 31, 2023 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Allowance for credit losses ending balance: Individually evaluated $ 348 $ 341 $ 306 $ — $ — $ 995 Collectively evaluated 873 15,535 6,223 1,022 1,206 24,859 Total $ 1,221 $ 15,876 $ 6,529 $ 1,022 $ 1,206 $ 25,854 Loan ending balances: Individually evaluated $ 3,444 $ 1,948 $ 11,272 $ 388 $ 2,141 $ 19,193 Collectively evaluated 37,458 1,275,512 620,234 72,288 129,136 2,134,628 Total $ 40,902 $ 1,277,460 $ 631,506 $ 72,676 $ 131,277 $ 2,153,821 Reserve for Unfunded Loan Commitments In addition to the allowance for credit losses, the Company maintains a reserve for unfunded loan commitments at a level that management believes is adequate to absorb estimated probable losses. At March 31, 2024 and December 31, 2023, a $0.6 million commitment reserve was reported on the balance sheet as “Accrued expenses and other liabilities” and reported on the income statement as “Provision for credit losses, off-balance sheet”.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	3 Months Ended
Derivative Financial Instruments and Hedging Activities	Mar. 31, 2024
Derivative Financial Instruments and Hedging Activities
Derivative Financial Instruments and Hedging Activities	NOTE 9. 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 “Prepaid expenses and other assets” or “Accrued expenses and 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 via over the counter (“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. A summary of the Company’s outstanding interest rate swap agreements used to hedge variable rate debt at March 31, 2024 and December 31, 2023, respectively is as follows: (In thousands, except percentages and years) March 31, 2024 December 31, 2023 Notional amount $ 20,000 $ 20,000 Fair value $ 805 $ 918 Weighted average pay rate 0.83 % 0.83 % Weighted average receive rate 5.62 % 5.27 % Weighted average maturity in years 0.94 1.57 Number of contracts 1 1 During the three months ended March 31, 2024, the Company received variable rate Secured Overnight Financing Rate ("SOFR") payments from and paid fixed rates in accordance with its interest rate swap agreements. At March 31, 2024, the unrealized gain relating to interest rate swaps was recorded as a derivative asset and is included in “Prepaid expenses and other assets” on the Company’s Balance Sheet. 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 March 31, 2024 and 2023, respectively: For the three months ended March 31, (In thousands) 2024 2023 Loss recognized in OCI Gross of tax $ (113) $ (235) Net of tax (81) (185) Gain reclassified from AOCI into net income Gross of tax 238 198 Net of tax 170 156

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
Employee Benefit Plans	Mar. 31, 2024
Employee Benefit Plans
Employee Benefit Plans	NOTE 10. 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 three months ended March 31, 2024 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, 2023 471,132 $ 17.92 4.9 $ 5,500,080 Options granted — — Options exercised (59,100) 15.47 Options forfeited — — Options expired — — Outstanding at March 31, 2024 412,032 $ 18.27 4.8 $ 3,845,636 Exercisable at March 31, 2024 412,032 $ 18.27 4.8 $ 3,845,636 On May 5, 2023, the Company adopted the 2023 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, along with the 2019 Equity Compensation Plan adopted on April 25, 2019, replaced all previously approved and established equity plans then currently in effect. As of March 31, 2024, 281,500 options and 345,850 shares of restricted stock have been awarded from the plans. In addition, 16,162 unvested options and 17,187 unvested shares of restricted stock were cancelled and returned to the plans leaving 405,999 shares available for future grants. The fair values of the options granted are estimated on the date of grant using the Black-Scholes option-pricing model. There were no options granted during the three months ended March 31, 2024 or 2023. 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 months ended March 31, 2024 and 2023: For the three months ended March 31, 2024 2023 Number of options exercised 59,100 37,201 Total intrinsic value of options exercised $ 764,901 $ 241,904 Cash received from options exercised 412,791 753,894 Tax deduction realized from options 215,014 72,777 The following table summarizes information about stock options outstanding and exercisable at March 31, 2024: 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 $8.31-11.87 58,000 1.6 $ 9.63 58,000 $ 9.63 11.88-15.44 9,000 2.7 14.60 9,000 14.60 15.45-19.01 128,932 5.5 17.58 128,932 17.58 19.02-22.57 216,100 5.3 21.14 216,100 21.14 Total 412,032 4.8 $ 18.27 412,032 $ 18.27 FASB ASC Topic 718, “Compensation - Stock Compensation,” For the three months ended March 31, (In thousands) 2024 2023 Compensation expense $ 32 $ 85 Income tax benefit $ 9 $ 25 As of March 31, 2024, unrecognized compensation costs related to nonvested share-based stock option compensation arrangements granted under the Company’s plans was $0, due to all options being fully vested. Restricted Stock Awards Restricted stock is issued under the Company’s active Equity Compensation Plans to reward employees and directors and to retain them by distributing stock over a period of time. Restricted stock awards granted to date generally 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 three months ended March 31, 2024: Average grant Shares date fair value Nonvested restricted stock at December 31, 2023 164,634 $ 24.46 Granted 77,950 28.84 Cancelled (1,937) 27.55 Vested (32,875) 24.43 Nonvested restricted stock at March 31, 2024 207,772 $ 26.08 Restricted stock awards granted during the three months ended March 31, 2024 and 2023 were as follows: For the three months ended March 31, 2024 2023 Number of shares granted 77,950 18,000 Average grant date fair value $ 28.84 $ 27.33 Compensation expense related to restricted stock for the three months ended March 31, 2024 and 2023 is detailed in the following table: For the three months ended March 31, (In thousands) 2024 2023 Compensation expense $ 444 $ 332 Income tax benefit $ 125 $ 80 As of March 31, 2024, there was approximately $4.9 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 3.0 years.

Regulatory Capital

Regulatory Capital	3 Months Ended
Regulatory Capital	Mar. 31, 2024
Regulatory Capital
Regulatory Capital	NOTE 11. Regulatory Capital The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s Consolidated Financial Statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s and consolidated Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting and other factors. The minimum capital level requirements include: (i) a Tier 1 leverage ratio of 4% (ii) common equity Tier 1 capital ratio of 4.5%; (iii) a Tier 1 risk weighted capital ratio of 6%; and (iv) a total risk weighted capital ratio of 8% for all institutions. The Bank and the consolidated Company are also required to maintain a “capital conservation buffer” of 2.5% above the regulatory minimum capital ratios which results in the following minimum ratios: (i) a common equity Tier 1 capital ratio of 7.0% ; (ii) a Tier 1 risk weighted capital ratio of 8.5% ; and (iii) a total risk weighted capital ratio of 10.5% . An institution will be subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations will establish a maximum percentage of eligible retained income that could be utilized for such actions. The following table shows information regarding the Company’s and the Bank’s regulatory capital levels at March 31, 2024 and at December 31, 2023. Actual Required for Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Regulations * Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of March 31, 2024 Total risk-based capital (to risk-weighted assets) Consolidated $ 303,846 14.63 % $ 166,101 8.00 % $ 207,627 10.00 % Bank 295,499 14.36 164,659 8.00 205,824 10.00 Common equity tier 1 (to risk-weighted assets) Consolidated 267,884 12.90 93,432 4.50 134,957 6.50 Bank 269,759 13.11 92,621 4.50 133,786 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 277,884 13.38 124,576 6.00 166,101 8.00 Bank 269,759 13.11 123,495 6.00 164,659 8.00 Tier 1 capital (to average total assets) Consolidated 277,884 11.39 97,580 4.00 121,975 5.00 Bank 269,759 11.10 97,204 4.00 121,504 5.00 As of December 31, 2023 Total risk-based capital (to risk-weighted assets) Consolidated $ 298,293 14.43 % $ 165,370 8.00 % $ 206,712 10.00 % Bank 287,206 14.02 163,911 8.00 204,889 10.00 Common equity tier 1 (to risk-weighted assets) Consolidated 262,454 12.70 93,020 4.50 134,363 6.50 Bank 261,584 12.76 92,200 4.50 133,178 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 272,454 13.18 124,027 6.00 165,370 8.00 Bank 261,584 12.76 122,934 6.00 163,911 8.00 Tier 1 capital (to average total assets) Consolidated 272,454 11.14 97,800 4.00 122,250 5.00 Bank 261,584 10.74 97,355 4.00 121,693 5.00 *Prompt Corrective Action requirements only apply to the Bank .

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2024
Subsequent Events
Subsequent Events	NOTE 12. Subsequent Events The Company has evaluated all events or transactions that occurred through the date the Company issued these financial statements.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2024
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"). 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 (“GAAP”) 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 credit losses, valuation of servicing assets, the valuation of securities and the determination of impairment for securities and fair value disclosures. Management believes that the allowance for credit losses is adequate. While management uses available information to recognize credit losses, future additions to the allowance for credit losses may be necessary based on changes in economic conditions and the general credit quality of the loan portfolio. 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, that in the opinion of management, are necessary for the fair presentation of interim results. The results of operations for the three months ended March 31, 2024 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. GAAP 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, 2023.
Risks and Uncertainties	Risks and Uncertainties Overall, the markets and customers serviced by the Company may be significantly impacted by ongoing macro-economic trends, such as inflation and recessionary pressures created by a higher interest rate environment. The Company assesses the impact of inflation on an ongoing basis. Market conditions and external factors may unpredictably impact the competitive landscape for deposits in the banking industry. Additionally, the current high interest rate environment has increased competition for liquidity and the premium at which liquidity is available to meet funding needs. The Company believes the sources of liquidity presented in the Unaudited Consolidated Financial Statements and the Notes to the Unaudited Consolidated Financial Statements are sufficient to meet its needs as of the balance sheet date. An unexpected influx of withdrawals of deposits could adversely impact the Company's ability to rely on organic deposits to primarily fund its operations, potentially requiring greater reliance on secondary sources of liquidity to meet withdrawal demands or to fund continuing operations. These sources may include proceeds from Federal Home Loan Bank advances, sales of securities and loans, federal funds lines of credit from correspondent banks and out-of-market time deposits. Such reliance on secondary funding sources could increase the Company's overall cost of funding and thereby reduce net income. While the Company believes its current sources of liquidity are adequate to fund operations, there is no guarantee they will suffice to meet future liquidity demands. This may necessitate slowing or discontinuing loan growth, capital expenditures or other investments, or liquidating assets.
New Accounting Guidance adopted in 2024	New Accounting Guidance adopted in 2024 Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” requires public entities to disclose detailed information about a reportable segment’s expenses on both an annual and interim basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The amendments in ASU 2023-07 should be applied retrospectively to all periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The Company adopted ASU 2023-07 effective January 1, 2024, noting no material impact.

Net Income per Share (Tables)

Net Income per Share (Tables)	3 Months Ended
Net Income per Share (Tables)	Mar. 31, 2024
Net Income per Share
Reconciliation of Calculation of Basic and Diluted Income Per Share	For the three months ended March 31, (In thousands, except per share amounts) 2024 2023 Net income $ 9,586 $ 10,287 Weighted average common shares outstanding - Basic 10,127 10,538 Plus: Potential dilutive common stock equivalents 149 148 Weighted average common shares outstanding - Diluted 10,276 10,686 Net income per common share - Basic $ 0.95 $ 0.98 Net income per common share - Diluted 0.93 0.96 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive — —

Other Comprehensive (Loss) In_2

Other Comprehensive (Loss) Income (Tables)	3 Months Ended
Other Comprehensive (Loss) Income (Tables)	Mar. 31, 2024
Other Comprehensive (Loss) Income
Changes in Other Comprehensive (Loss) Income	The following tables show the changes in other comprehensive (loss) income for the three months ended March 31, 2024 and 2023, net of tax: For the three months ended March 31, 2024 Accumulated Net unrealized Net unrealized other losses on gains (losses) from comprehensive (In thousands) securities cash flow hedges loss Balance, beginning of period $ (3,408) $ 671 $ (2,737) Other comprehensive loss before reclassifications (34) (251) (285) Less amounts reclassified from accumulated other comprehensive loss — (170) (170) Period change (34) (81) (115) Balance, end of period $ (3,442) $ 590 $ (2,852) For the three months ended March 31, 2023 Net unrealized Accumulated Net unrealized gains (losses) other (losses) gains on from cash flow comprehensive (In thousands) securities hedges (loss) income Balance, beginning of period $ (4,381) $ 1,121 $ (3,260) Other comprehensive income (loss) before reclassifications 266 (341) (75) Less amounts reclassified from accumulated other comprehensive loss — (156) (156) Period change 266 (185) 81 Balance, end of period $ (4,115) $ 936 $ (3,179)

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
Fair Value (Tables)	Mar. 31, 2024
Fair Value
Reconciliation of Level 3 Available for Sale Debt Securities Measured at Fair Value on Recurring Basis	Collateralized Debt Obligations (In thousands) 2024 2023 Balance of Recurring Level 3 assets at January 1 $ 7,979 $ 4,675 Activity Losses in other comprehensive income — (165) Balance of recurring Level 3 assets at March 31 $ 7,979 $ 4,510
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 March 31, 2024 and December 31, 2023: Fair Value Measurements at March 31, 2024 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 $ 15,264 $ — $ 15,264 $ — State and political subdivisions 350 — 350 — Residential mortgage-backed securities 13,532 — 13,532 — Corporate and other securities 65,536 — 57,557 7,979 Total debt securities available for sale $ 94,682 $ — $ 86,703 $ 7,979 Equity securities with readily determinable fair values $ 7,931 $ 7,931 $ — $ — Total equity securities $ 7,931 $ 7,931 $ — $ — Interest rate swap agreements $ 805 $ — $ 805 $ — Total swap agreements $ 805 $ — $ 805 $ — Fair value Measurements at December 31, 2023 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 $ 16,033 $ — $ 16,033 $ — State and political subdivisions 360 — 360 — Residential mortgage-backed securities 14,077 — 14,077 — Corporate and other securities 61,295 — 53,316 7,979 Total debt securities available for sale $ 91,765 $ — $ 83,786 $ 7,979 Equity securities with readily determinable fair values $ 7,802 $ 7,802 $ — $ — Total equity securities $ 7,802 $ 7,802 $ — $ — Interest rate swap agreements $ 918 $ — $ 918 $ — Total swap agreements $ 918 $ — $ 918 $ —
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 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 March 31, 2024 Quoted Prices Significant in Active Other Significant Assets/Liabilities Markets for Observable Unobservable Measured at Fair Identical Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Measured on a non-recurring basis: Financial assets: Collateral-dependent loans $ 8,083 $ — $ — $ 8,083 Fair Value Measurements at December 31, 2023 Quoted Prices Significant in Active Other Significant Assets/Liabilities Markets for Observable Unobservable Measured at Fair Identical Assets Inputs Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Measured on a non-recurring basis: Financial assets: Collateral-dependent loans $ 4,755 $ — $ — $ 4,755
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 March 31, 2024 and December 31, 2023: March 31, 2024 Carrying (In thousands) amount Level 1 Level 2 Level 3 Financial assets: Debt securities held to maturity $ 36,089 $ — $ 29,138 $ — SBA loans held for sale 18,439 — 19,383 — Loans, net of allowance for credit losses 2,129,938 — 2,018,402 8,083 Financial liabilities: Deposits 1,961,270 — 1,952,706 — Borrowed funds and subordinated debentures 309,707 — 308,640 — December 31, 2023 Carrying (In thousands) amount Level 1 Level 2 Level 3 Financial assets: Debt securities held to maturity $ 36,122 $ — $ 29,656 $ — SBA loans held for sale 18,242 — 19,175 — Loans, net of allowance for credit losses 2,127,967 — 2,027,084 4,755 Financial liabilities: Deposits 1,924,140 — 1,915,022 — Borrowed funds and subordinated debentures 366,748 — 365,879 —

Securities (Tables)

Securities (Tables)	3 Months Ended
Securities (Tables)	Mar. 31, 2024
Securities
Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities	March 31, 2024 Gross Gross Allowance Amortized unrealized unrealized for credit Estimated (In thousands) cost gains losses losses fair value Available for sale: U.S. Government sponsored entities $ 15,749 $ — $ (485) $ — $ 15,264 State and political subdivisions 379 — (29) — 350 Residential mortgage-backed securities 15,184 29 (1,681) — 13,532 Corporate and other securities 69,203 250 (2,634) (1,283) 65,536 Total debt securities available for sale $ 100,515 $ 279 $ (4,829) $ (1,283) $ 94,682 Held to maturity: U.S. Government sponsored entities $ 28,000 $ — $ (4,656) $ — $ 23,344 State and political subdivisions 1,187 75 — — 1,262 Residential mortgage-backed securities 6,902 — (2,370) — 4,532 Total debt securities held to maturity $ 36,089 $ 75 $ (7,026) $ — $ 29,138 December 31, 2023 Gross Gross Allowance Amortized unrealized unrealized for credit Estimated (In thousands) cost gains losses losses fair value Available for sale: U.S. Government sponsored entities $ 16,490 $ — $ (457) $ — $ 16,033 State and political subdivisions 388 — (28) — 360 Residential mortgage-backed securities 15,473 30 (1,426) — 14,077 Corporate and other securities 65,203 251 (2,876) (1,283) 61,295 Total debt securities available for sale $ 97,554 $ 281 $ (4,787) $ (1,283) $ 91,765 Held to maturity: U.S. Government sponsored entities $ 28,000 $ — $ (4,419) $ — $ 23,581 State and political subdivisions 1,272 90 — — 1,362 Residential mortgage-backed securities 6,850 — (2,137) — 4,713 Total debt securities held to maturity $ 36,122 $ 90 $ (6,556) $ — $ 29,656
Schedule of Marketable Securities By Contractual Maturity	Amortized Fair (In thousands) Cost Value Available for sale: Due in one year $ 749 $ 747 Due after one year through five years 33,780 31,358 Due after five years through ten years 13,289 11,558 Due after ten years 37,513 37,487 Residential mortgage-backed securities 15,184 13,532 Total $ 100,515 $ 94,682 Held to maturity: Due in one year $ — $ — Due after one year through five years — — Due after five years through ten years 3,000 2,897 Due after ten years 26,187 21,709 Residential mortgage-backed securities 6,902 4,532 Total $ 36,089 $ 29,138
Schedule of Marketable Securities In Unrealized Loss Position	The fair value of debt securities with unrealized losses by length of time that the individual securities have been in a continuous unrealized loss position at March 31, 2024 and December 31, 2023 are as follows: March 31, 2024 Less than 12 months 12 months and greater Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) fair value loss fair value loss fair value loss Available for sale: U.S. Government sponsored entities $ 747 $ (2) $ 14,517 $ (483) $ 15,264 $ (485) State and political subdivisions — — 350 (29) 350 (29) Residential mortgage-backed securities — — 13,415 (1,681) 13,415 (1,681) Corporate and other securities 4,696 (1,054) 33,526 (1,580) 38,222 (2,634) Total $ 5,443 $ (1,056) $ 61,808 $ (3,773) $ 67,251 $ (4,829) Held to maturity: U.S. Government sponsored entities $ — $ — $ 23,344 $ (4,656) $ 23,344 $ (4,656) Residential mortgage-backed securities — $ — 4,532 (2,370) 4,532 (2,370) Total $ — $ — $ 27,876 $ (7,026) $ 27,876 $ (7,026) December 31, 2023 Less than 12 months 12 months and greater Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) fair value loss fair value loss fair value loss Available for sale: U.S. Government sponsored entities $ — $ — $ 16,033 $ (457) $ 16,033 $ (457) State and political subdivisions — — 360 (28) 360 (28) Residential mortgage-backed securities — — 13,949 (1,426) 13,949 (1,426) Corporate and other securities — — 54,827 (2,876) 54,827 (2,876) Total temporarily impaired AFS securities $ — $ — $ 85,169 $ (4,787) $ 85,169 $ (4,787) Held to maturity: U.S. Government sponsored entities $ — $ — $ 23,581 $ (4,419) $ 23,581 $ (4,419) Residential mortgage-backed securities — — 4,713 (2,137) 4,713 (2,137) Total temporarily impaired HTM securities $ — $ — $ 28,294 $ (6,556) $ 28,294 $ (6,556)
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 months ended March 31, 2024 and 2023: For the three months ended March 31, (In thousands) 2024 2023 Net unrealized gains (losses) occurring during the period on equity securities $ 33 $ (544) Net gains recognized during the period on equity securities sold during the period 21 222 Gains (losses) recognized during the reporting period on equity securities $ 54 $ (322)

Loans (Tables)

Loans (Tables)	3 Months Ended
Loans (Tables)	Mar. 31, 2024
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 credit losses as of March 31, 2024 and December 31, 2023: (In thousands) March 31, 2024 December 31, 2023 SBA loans held for investment $ 39,009 $ 38,584 SBA PPP loans 2,168 2,318 Commercial loans SBA 504 loans 38,128 33,669 Commercial & industrial 133,409 128,402 Commercial real estate 977,437 986,230 Commercial real estate construction 142,345 129,159 Residential mortgage loans 627,464 631,506 Consumer loans Home equity 67,448 67,037 Consumer other 4,827 5,639 Residential construction loans 123,783 131,277 Total loans held for investment $ 2,156,018 $ 2,153,821 SBA loans held for sale 18,439 18,242 Total loans $ 2,174,457 $ 2,172,063
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 March 31, 2024 and December 31, 2023: March 31, 2024 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 $ 169 $ 275 $ 138 $ 3,542 $ 4,124 $ 34,885 $ 39,009 Commercial loans SBA 504 loans — — — — — 38,128 38,128 Commercial & industrial 321 — — 112 433 132,976 133,409 Commercial real estate 4,324 384 — 2,303 7,011 970,426 977,437 Commercial real estate construction — — — — — 142,345 142,345 Residential mortgage loans 12,178 — — 7,440 19,618 607,846 627,464 Consumer loans Home equity — — — 366 366 67,082 67,448 Consumer other 52 38 — — 90 4,737 4,827 Residential construction loans 434 — — 3,127 3,561 120,222 123,783 Total loans held for investment, excluding SBA PPP 17,478 697 138 16,890 35,203 2,118,647 2,153,850 SBA loans held for sale 508 — — — 508 17,931 18,439 Total loans, excluding SBA PPP $ 17,986 $ 697 $ 138 $ 16,890 $ 35,711 $ 2,136,578 $ 2,172,289 December 31, 2023 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 $ 551 $ 185 $ — $ 3,444 $ 4,180 $ 34,404 $ 38,584 Commercial loans SBA 504 loans — — — — — 33,669 33,669 Commercial & industrial 288 78 — 283 649 127,753 128,402 Commercial real estate 1,732 — — 1,665 3,397 982,833 986,230 Commercial real estate construction — — — — — 129,159 129,159 Residential mortgage loans 8,719 1,378 946 10,326 21,369 610,137 631,506 Consumer loans Home equity 14 — — 381 395 66,642 67,037 Consumer other 28 55 — — 83 5,556 5,639 Residential construction loans 2,580 — — 2,141 4,721 126,556 131,277 Total loans held for investment, excluding SBA PPP 13,912 1,696 946 18,240 34,794 2,116,709 2,151,503 SBA loans held for sale — — — — — 18,242 18,242 Total loans, excluding SBA PPP $ 13,912 $ 1,696 $ 946 $ 18,240 $ 34,794 $ 2,134,951 $ 2,169,745
Individually Evaluated Loans with Associated Allowance Amount	March 31, 2024 Unpaid Allowance for principal Recorded Credit Losses (In thousands) balance investment Allocated With no related allowance: SBA loans held for investment $ 2,401 $ 2,323 $ — Commercial loans Commercial real estate 2,727 1,755 — Total commercial loans 2,727 1,755 — Residential mortgage loans 3,706 3,700 — Consumer loans Home equity 382 365 — Residential construction loans 547 547 — Total individually evaluated loans with no related allowance 9,763 8,690 — With an allowance: SBA loans held for investment 1,482 1,357 382 Commercial loans Commercial & industrial 718 112 112 Commercial real estate 699 548 225 Total commercial loans 1,417 660 337 Residential mortgage loans 3,772 3,740 300 Consumer loans Home equity 1 1 1 Residential construction loans 2,580 2,580 116 Total individually evaluated loans with a related allowance 9,252 8,338 1,136 Total individually evaluated loans: SBA loans held for investment 3,883 3,680 382 Commercial loans Commercial & industrial 718 112 112 Commercial real estate 3,426 2,303 225 Total commercial loans 4,144 2,415 337 Residential mortgage loans 7,478 7,440 300 Consumer loans Home equity 383 366 1 Residential construction loans 3,127 3,127 116 Total individually evaluated loans $ 19,015 $ 17,028 $ 1,136 December 31, 2023 Unpaid Allowance for principal Recorded Credit Losses (In thousands) balance investment Allocated With no related allowance: SBA loans held for investment $ 2,264 $ 2,186 $ — Commercial loans Commercial real estate 2,734 1,607 — Total commercial loans 2,734 1,607 — Residential mortgage loans 7,146 7,121 — Consumer loans Home equity 390 388 — Total consumer loans 390 388 — Residential construction loans 2,757 2,141 — Total individually evaluated loans with no related allowance 15,291 13,443 — With an allowance: SBA loans held for investment 1,383 1,258 348 Commercial loans Commercial & industrial 638 283 283 Commercial real estate 209 58 58 Total commercial loans 847 341 341 Residential mortgage loans 4,182 4,151 306 Total individually evaluated loans with a related allowance 6,412 5,750 995 Total individually evaluated loans: SBA loans held for investment 3,647 3,444 348 Commercial loans Commercial & industrial 638 283 283 Commercial real estate 2,943 1,665 58 Total commercial loans 3,581 1,948 341 Residential mortgage loans 11,328 11,272 306 Consumer loans Home equity 390 388 — Total consumer loans 390 388 — Residential construction loans 2,757 2,141 — Total individually evaluated loans $ 21,703 $ 19,193 $ 995
Schedule of Loan Classification Risk by Loan Portfolio Classification by Origination Year	Term Loans Amortized Cost Basis by Origination Year, March 31, 2024 (In thousands) 2024 2023 2022 2021 2020 2019 and Earlier Revolving Loans Amortized Cost Basis Total SBA loans held for investment Risk Rating: Pass $ 964 $ 1,878 $ 5,241 $ 4,843 $ 5,778 $ 13,240 $ - $ 31,944 Special Mention - - 1,836 356 510 170 - 2,872 Substandard - - 1,256 2,186 176 575 - 4,193 Total SBA loans held for investment $ 964 $ 1,878 $ 8,333 $ 7,385 $ 6,464 $ 13,985 $ - $ 39,009 SBA PPP loans Risk Rating: Pass $ - $ - $ - $ 2,168 $ - $ - $ - $ 2,168 Total SBA PPP loans $ - $ - $ - $ 2,168 $ - $ - $ - $ 2,168 Commercial loans Risk Rating: Pass $ 14,828 $ 152,337 $ 336,287 $ 180,893 $ 126,845 $ 365,085 $ 103,292 $ 1,279,567 Special Mention - - 490 1,464 - 6,431 395 8,780 Substandard - - - 137 9 2,826 - 2,972 Total commercial loans $ 14,828 $ 152,337 $ 336,777 $ 182,494 $ 126,854 $ 374,342 $ 103,687 $ 1,291,319 Commercial loans Current-period gross writeoffs $ - $ - $ - $ - $ - $ 98 $ - $ 98 Residential mortgage loans Risk Rating: Performing $ 23,064 $ 85,980 $ 249,423 $ 70,123 $ 48,833 $ 142,601 $ - $ 620,024 Nonperforming - - 1,665 2,382 259 3,134 - 7,440 Total residential mortgage loans $ 23,064 $ 85,980 $ 251,088 $ 72,505 $ 49,092 $ 145,735 $ - $ 627,464 Consumer loans Risk Rating: Performing $ 693 $ 2,973 $ 4,400 $ 3,035 $ 644 $ 11,255 $ 48,908 $ 71,908 Nonperforming - - - - 109 1 257 367 Total consumer loans $ 693 $ 2,973 $ 4,400 $ 3,035 $ 753 $ 11,256 $ 49,165 $ 72,275 Consumer loans Current-period gross writeoffs $ - $ - $ 21 $ 49 $ - $ - $ - $ 70 Residential construction Risk Rating: Pass $ 6,595 $ 34,782 $ 64,368 $ 12,511 $ 1,418 $ - $ - $ 119,674 Special Mention - - - - - - - - Substandard - - - 2,580 547 982 - 4,109 Total residential construction loans $ 6,595 $ 34,782 $ 64,368 $ 15,091 $ 1,965 $ 982 $ - $ 123,783 Residential construction Current-period gross writeoffs $ - $ - $ - $ - $ - $ 277 $ - $ 277 Total loans held for investment $ 46,144 $ 277,950 $ 664,966 $ 282,678 $ 185,128 $ 546,300 $ 152,852 $ 2,156,018 Term Loans Amortized Cost Basis by Origination Year, December 31, 2023 (In thousands) 2023 2022 2021 2020 2019 2018 and Earlier Revolving Loans Amortized Cost Basis Total SBA loans held for investment Risk Rating: Pass $ 1,938 $ 5,339 $ 4,723 $ 6,083 $ 2,634 $ 10,996 $ - $ 31,713 Special Mention - 1,765 356 510 - 31 - 2,662 Substandard - 1,256 2,186 190 - 577 - 4,209 Total SBA loans held for investment $ 1,938 $ 8,360 $ 7,265 $ 6,783 $ 2,634 $ 11,604 $ - $ 38,584 SBA loans held for investment Current-period gross writeoffs $ - $ 100 $ - $ - $ 113 $ - $ - $ 213 SBA PPP loans Risk Rating: Pass $ - $ - $ 2,318 $ - $ - $ - $ - $ 2,318 Total SBA PPP loans $ - $ - $ 2,318 $ - $ - $ - $ - $ 2,318 Commercial loans Risk Rating: Pass $ 139,622 $ 343,755 $ 181,419 $ 128,165 $ 101,274 $ 271,469 $ 96,988 $ 1,262,692 Special Mention - - 1,815 - 1,570 7,423 395 11,203 Substandard - - 59 14 288 3,204 - 3,565 Total commercial loans $ 139,622 $ 343,755 $ 183,293 $ 128,179 $ 103,132 $ 282,096 $ 97,383 $ 1,277,460 Commercial loans Current-period gross writeoffs $ - $ - $ 150 $ - $ 350 $ 252 $ - $ 752 Residential mortgage loans Risk Rating: Performing $ 102,892 $ 253,919 $ 72,586 $ 51,999 $ 30,482 $ 109,302 $ - $ 621,180 Nonperforming - 2,964 2,714 1,054 945 2,649 - 10,326 Total residential mortgage loans $ 102,892 $ 256,883 $ 75,300 $ 53,053 $ 31,427 $ 111,951 $ - $ 631,506 Residential mortgage loans Current-period gross writeoffs $ - $ - $ 25 $ - $ - $ 68 $ - $ 93 Consumer loans Risk Rating: Performing $ 3,428 $ 4,777 $ 3,681 $ 670 $ 2,481 $ 7,507 $ 49,751 $ 72,295 Nonperforming - - - 125 - 256 - 381 Total consumer loans $ 3,428 $ 4,777 $ 3,681 $ 795 $ 2,481 $ 7,763 $ 49,751 $ 72,676 Consumer loans Current-period gross writeoffs $ - $ 26 $ 552 $ - $ - $ - $ - $ 578 Residential construction Risk Rating: Performing $ 28,827 $ 72,257 $ 25,395 $ 1,418 $ 491 $ 748 $ - $ 129,136 Nonperforming - - - 547 - 1,594 - 2,141 Total residential construction loans $ 28,827 $ 72,257 $ 25,395 $ 1,965 $ 491 $ 2,342 $ - $ 131,277 Residential construction Current-period gross writeoffs $ - $ - $ - $ - $ - $ 600 $ 400 $ 1,000 Total loans held for investment $ 276,707 $ 686,032 $ 297,252 $ 190,775 $ 140,165 $ 415,756 $ 147,134 $ 2,153,821
Schedule of Amortized Cost Basis of Loans Modified, Disaggregated by Class of Gross Loans and Type of Concession Granted	The following table shows the amortized cost basis at the end of the reporting period of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of gross loans and type of concession granted (numbers in thousands) during the twelve months ended March 31, 2024: Principal Payment Term (In thousands) Forgiveness Delay Extension SBA loans held for investment $ 8 $ 99 $ — Commercial loans Commercial & industrial — — 813 Commercial real estate — 2,619 — Consumer loans Home equity — — 2,309 Balance, March 31, 2024 $ 8 $ 2,718 $ 3,122

Allowance for Credit Losses a_2

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments (Tables)	3 Months Ended
	Mar. 31, 2024
Allowance for Credit 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 credit losses by portfolio segment for the three months ended March 31, 2024 and 2023: For the three months ended March 31, 2024 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Balance, beginning of period $ 1,221 $ 15,876 $ 6,529 $ 1,022 $ 1,206 $ 25,854 Charge-offs — (98) — (70) (277) (445) Recoveries 8 12 — 10 — 30 Net recoveries (charge-offs) 8 (86) — (60) (277) (415) (Credit to) provision for credit losses charged to expense (20) 397 (135) (40) 439 641 Balance, end of period $ 1,209 $ 16,187 $ 6,394 $ 922 $ 1,368 $ 26,080 For the three months ended March 31, 2023 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Balance, beginning of period $ 875 $ 15,254 $ 5,450 $ 990 $ 2,627 $ 25,196 Effect of adopting Accounting Standards Update ("ASU") No. 2016-13 ("CECL") 163 171 376 101 36 847 Charge-offs (113) — — (120) — (233) Recoveries — 271 — 12 — 283 Net (charge-offs) recoveries (113) 271 — (108) — 50 Provision for (credit to) credit losses charged to expense 178 (395) 309 37 (21) 108 Balance, end of period $ 1,103 $ 15,301 $ 6,135 $ 1,020 $ 2,642 $ 26,201
Allowance for Credit Losses on Financing Receivables	The following tables present loans and their related allowance for credit losses, by portfolio segment, as of March 31, 2024 and December 31, 2023: March 31, 2024 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Allowance for credit losses ending balance: Individually evaluated $ 382 $ 337 $ 300 $ 1 $ 116 $ 1,136 Collectively evaluated 827 15,850 6,094 921 1,252 24,944 Total $ 1,209 $ 16,187 $ 6,394 $ 922 $ 1,368 $ 26,080 Loan ending balances: Individually evaluated $ 3,680 $ 2,415 $ 7,440 $ 366 $ 3,127 $ 17,028 Collectively evaluated 37,497 1,288,904 620,024 71,909 120,656 2,138,990 Total $ 41,177 $ 1,291,319 $ 627,464 $ 72,275 $ 123,783 $ 2,156,018 December 31, 2023 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Allowance for credit losses ending balance: Individually evaluated $ 348 $ 341 $ 306 $ — $ — $ 995 Collectively evaluated 873 15,535 6,223 1,022 1,206 24,859 Total $ 1,221 $ 15,876 $ 6,529 $ 1,022 $ 1,206 $ 25,854 Loan ending balances: Individually evaluated $ 3,444 $ 1,948 $ 11,272 $ 388 $ 2,141 $ 19,193 Collectively evaluated 37,458 1,275,512 620,234 72,288 129,136 2,134,628 Total $ 40,902 $ 1,277,460 $ 631,506 $ 72,676 $ 131,277 $ 2,153,821

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Financial Instruments and Hedging Activities
Summary of Interest Rate Swaps	(In thousands, except percentages and years) March 31, 2024 December 31, 2023 Notional amount $ 20,000 $ 20,000 Fair value $ 805 $ 918 Weighted average pay rate 0.83 % 0.83 % Weighted average receive rate 5.62 % 5.27 % Weighted average maturity in years 0.94 1.57 Number of contracts 1 1
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	For the three months ended March 31, (In thousands) 2024 2023 Loss recognized in OCI Gross of tax $ (113) $ (235) Net of tax (81) (185) Gain reclassified from AOCI into net income Gross of tax 238 198 Net of tax 170 156

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
Employee Benefit Plans (Tables)	Mar. 31, 2024
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, 2023 471,132 $ 17.92 4.9 $ 5,500,080 Options granted — — Options exercised (59,100) 15.47 Options forfeited — — Options expired — — Outstanding at March 31, 2024 412,032 $ 18.27 4.8 $ 3,845,636 Exercisable at March 31, 2024 412,032 $ 18.27 4.8 $ 3,845,636
Schedule of Information About Options Exercised	For the three months ended March 31, 2024 2023 Number of options exercised 59,100 37,201 Total intrinsic value of options exercised $ 764,901 $ 241,904 Cash received from options exercised 412,791 753,894 Tax deduction realized from options 215,014 72,777
Schedule of Stock Options, by Exercise Price Range	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 $8.31-11.87 58,000 1.6 $ 9.63 58,000 $ 9.63 11.88-15.44 9,000 2.7 14.60 9,000 14.60 15.45-19.01 128,932 5.5 17.58 128,932 17.58 19.02-22.57 216,100 5.3 21.14 216,100 21.14 Total 412,032 4.8 $ 18.27 412,032 $ 18.27
Schedule of Nonvested Share Activity	Average grant Shares date fair value Nonvested restricted stock at December 31, 2023 164,634 $ 24.46 Granted 77,950 28.84 Cancelled (1,937) 27.55 Vested (32,875) 24.43 Nonvested restricted stock at March 31, 2024 207,772 $ 26.08
Restricted Stock Grants	For the three months ended March 31, 2024 2023 Number of shares granted 77,950 18,000 Average grant date fair value $ 28.84 $ 27.33
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Allocation of Share-based Compensation Costs	For the three months ended March 31, (In thousands) 2024 2023 Compensation expense $ 32 $ 85 Income tax benefit $ 9 $ 25
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Allocation of Share-based Compensation Costs	For the three months ended March 31, (In thousands) 2024 2023 Compensation expense $ 444 $ 332 Income tax benefit $ 125 $ 80

Regulatory Capital (Tables)

Regulatory Capital (Tables)	3 Months Ended
Regulatory Capital (Tables)	Mar. 31, 2024
Regulatory Capital
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Actual Required for Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Regulations * Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of March 31, 2024 Total risk-based capital (to risk-weighted assets) Consolidated $ 303,846 14.63 % $ 166,101 8.00 % $ 207,627 10.00 % Bank 295,499 14.36 164,659 8.00 205,824 10.00 Common equity tier 1 (to risk-weighted assets) Consolidated 267,884 12.90 93,432 4.50 134,957 6.50 Bank 269,759 13.11 92,621 4.50 133,786 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 277,884 13.38 124,576 6.00 166,101 8.00 Bank 269,759 13.11 123,495 6.00 164,659 8.00 Tier 1 capital (to average total assets) Consolidated 277,884 11.39 97,580 4.00 121,975 5.00 Bank 269,759 11.10 97,204 4.00 121,504 5.00 As of December 31, 2023 Total risk-based capital (to risk-weighted assets) Consolidated $ 298,293 14.43 % $ 165,370 8.00 % $ 206,712 10.00 % Bank 287,206 14.02 163,911 8.00 204,889 10.00 Common equity tier 1 (to risk-weighted assets) Consolidated 262,454 12.70 93,020 4.50 134,363 6.50 Bank 261,584 12.76 92,200 4.50 133,178 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 272,454 13.18 124,027 6.00 165,370 8.00 Bank 261,584 12.76 122,934 6.00 163,911 8.00 Tier 1 capital (to average total assets) Consolidated 272,454 11.14 97,800 4.00 122,250 5.00 Bank 261,584 10.74 97,355 4.00 121,693 5.00 *Prompt Corrective Action requirements only apply to the Bank .

Net Income per Share (Details)

Net Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net Income per Share
Net income	$ 9,586	$ 10,287
Weighted average common shares outstanding - Basic (in shares)	10,127	10,538
Plus: Potential dilutive common stock equivalents (in shares)	149	148
Weighted average common shares outstanding - Diluted (in shares)	10,276	10,686
Net income per common share - Basic (in dollars per share)	$ 0.95	$ 0.98
Net income per common share - Diluted (in dollars per share)	$ 0.93	$ 0.96

Other Comprehensive (Loss) In_3

Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 261,430	$ 239,227
Period change	(115)	81
Ending balance	266,761	240,459
Net unrealized (losses) gains on securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(3,408)	(4,381)
Other comprehensive income (loss) before reclassifications	(34)	266
Period change	(34)	266
Ending balance	(3,442)	(4,115)
Net unrealized gains (losses) from cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	671	1,121
Other comprehensive income (loss) before reclassifications	(251)	(341)
Less amounts reclassified from accumulated other comprehensive loss	(170)	(156)
Period change	(81)	(185)
Ending balance	590	936
Accumulated other comprehensive (loss) income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(2,737)	(3,260)
Other comprehensive income (loss) before reclassifications	(285)	(75)
Less amounts reclassified from accumulated other comprehensive loss	(170)	(156)
Period change	(115)	81
Ending balance	$ (2,852)	$ (3,179)

Fair Value - Fair Value on Recu

Fair Value - Fair Value on Recurring Basis - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value
Available of sale at fair value	$ 94,682	$ 91,765
Equity securities	$ 7,931	$ 7,802

Fair Value - Available for Sale

Fair Value - Available for Sale Debt Securities (Details) - Collateralized Debt Obligations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair value on a recurring basis
Balance at beginning of period	$ 7,979	$ 4,675
Losses in other comprehensive income	0	(165)
Balance at end of period	$ 7,979	$ 4,510

Fair Value - Assets And Liabili

Fair Value - Assets And Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	$ 94,682	$ 91,765
Equity securities	7,931	7,802
U.S. Government sponsored entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	15,264	16,033
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	350	360
Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	13,532	14,077
Corporate and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	65,536	61,295
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	94,682	91,765
Equity securities	7,931	7,802
Swap agreements	805	918
Liabilities measured at fair value	0	0
Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities	7,931	7,802
Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	86,703	83,786
Swap agreements	805	918
Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	7,979	7,979
Recurring \| U.S. Government sponsored entities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	15,264	16,033
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	15,264	16,033
Recurring \| State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	350	360
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	350	360
Recurring \| Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	13,532	14,077
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	13,532	14,077
Recurring \| Corporate and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	65,536	61,295
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	57,557	53,316
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	7,979	7,979
Recurring \| Interest rate swap agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Swap agreements	805	918
Recurring \| Interest rate swap agreements \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Swap agreements	$ 805	$ 918

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Subject to Fair Value Adjustments on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Collateral-dependent loans	$ 8,083	$ 4,755
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Collateral-dependent loans	$ 8,083	$ 4,755

Fair Value - Carrying Amount an

Fair Value - Carrying Amount and Fair Values (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Held to maturity, Fair Value	$ 29,138	$ 29,656
Level 2
Financial assets:
Held to maturity, Fair Value	29,138	29,656
SBA loans held for sale	19,383	19,175
Loans, net of allowance for credit losses	2,018,402	2,027,084
Financial liabilities:
Deposits	1,952,706	1,915,022
Borrowed funds and subordinated debentures	308,640	365,879
Level 3
Financial assets:
Loans, net of allowance for credit losses	8,083	4,755
Carrying amount
Financial assets:
Held to maturity, Fair Value	36,089	36,122
SBA loans held for sale	18,439	18,242
Loans, net of allowance for credit losses	2,129,938	2,127,967
Financial liabilities:
Deposits	1,961,270	1,924,140
Borrowed funds and subordinated debentures	$ 309,707	$ 366,748

Securities - Amortized Cost to

Securities - Amortized Cost to Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Available for sale:
Available for sale at amortized cost	$ 100,515		$ 97,554
Gross unrealized gains	279		281
Gross unrealized losses	(4,829)		(4,787)
Allowance for credit losses	(1,283)		(1,283)
Available of sale at fair value	94,682		91,765
Held to maturity:
Held to maturity, Amortized cost	36,089		36,122
Gross unrealized gains	75		90
Gross unrealized losses	(7,026)		(6,556)
Estimated fair value	29,138		29,656
Provision recognized in current period	0	$ 0
U.S. Government sponsored entities
Available for sale:
Available for sale at amortized cost	15,749		16,490
Gross unrealized losses	(485)		(457)
Available of sale at fair value	15,264		16,033
Held to maturity:
Held to maturity, Amortized cost	28,000		28,000
Gross unrealized losses	(4,656)		(4,419)
Estimated fair value	23,344		23,581
State and political subdivisions
Available for sale:
Available for sale at amortized cost	379		388
Gross unrealized losses	(29)		(28)
Available of sale at fair value	350		360
Held to maturity:
Held to maturity, Amortized cost	1,187		1,272
Gross unrealized gains	75		90
Estimated fair value	1,262		1,362
Residential mortgage-backed securities
Available for sale:
Available for sale at amortized cost	15,184		15,473
Gross unrealized gains	29		30
Gross unrealized losses	(1,681)		(1,426)
Available of sale at fair value	13,532		14,077
Held to maturity:
Held to maturity, Amortized cost	6,902		6,850
Gross unrealized losses	(2,370)		(2,137)
Estimated fair value	4,532		4,713
Corporate and other securities
Available for sale:
Available for sale at amortized cost	69,203		65,203
Gross unrealized gains	250		251
Gross unrealized losses	(2,634)		(2,876)
Allowance for credit losses	(1,283)		(1,283)
Available of sale at fair value	$ 65,536		$ 61,295

Securities - Securities By Cont

Securities - Securities By Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available for sale at amortized cost
Due in one year	$ 749
Due after one year through five years	33,780
Due after five years through ten years	13,289
Due after ten years	37,513
Available for sale at amortized cost	100,515	$ 97,554
Available for sale at fair value
Due in one year	747
Due after one year through five years	31,358
Due after five years through ten years	11,558
Due after ten years	37,487
Available of sale at fair value	94,682	91,765
Held to maturity at amortized cost
Due after five years through ten years	3,000
Due after ten years	26,187
Held to maturity, Amortized cost	36,089	36,122
Held to maturity at fair value
Due after five years through ten years	2,897
Due after ten years	21,709
Held to maturity, Fair Value	29,138	29,656
Residential mortgage-backed securities
Available for sale at amortized cost
Residential mortgage-backed securities	15,184
Available for sale at amortized cost	15,184	15,473
Available for sale at fair value
Residential mortgage-backed securities	13,532
Available of sale at fair value	13,532	14,077
Held to maturity at amortized cost
Residential mortgage-backed securities	6,902
Held to maturity, Amortized cost	6,902	6,850
Held to maturity at fair value
Residential mortgage-backed securities	4,532
Held to maturity, Fair Value	$ 4,532	$ 4,713

Securities - Securities in Unre

Securities - Securities in Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available for sale:
Available for sale, Less than 12 months, Estimated fair value	$ 5,443
Available for sale, Less than 12 months, Unrealized loss	(1,056)
Available for sale, 12 months and greater, Estimated fair value	61,808	$ 85,169
Available for sale, 12 Months and greater Unrealized loss	(3,773)	(4,787)
Available for sale, Estimated fair value	67,251	85,169
Available for sale, Unrealized loss	(4,829)	(4,787)
Held to maturity:
Held to maturity, 12 months and greater, Estimated fair value	27,876	28,294
Held to maturity, 12 months and greater, Unrealized loss	(7,026)	(6,556)
Held to maturity, Total Estimated fair value	27,876	28,294
Held to maturity, Total Unrealized loss	$ (7,026)	(6,556)
Securities
Held to maturity:
Financing Receivable, Practical Expedient, Accrued Interest Exclusion [true false]	true
Accrued interest on securities	$ 1,500	1,500
U.S. Government sponsored entities
Available for sale:
Available for sale, Less than 12 months, Estimated fair value	747
Available for sale, Less than 12 months, Unrealized loss	(2)
Available for sale, 12 months and greater, Estimated fair value	14,517	16,033
Available for sale, 12 Months and greater Unrealized loss	(483)	(457)
Available for sale, Estimated fair value	15,264	16,033
Available for sale, Unrealized loss	(485)	(457)
Held to maturity:
Held to maturity, 12 months and greater, Estimated fair value	23,344	23,581
Held to maturity, 12 months and greater, Unrealized loss	(4,656)	(4,419)
Held to maturity, Total Estimated fair value	23,344	23,581
Held to maturity, Total Unrealized loss	(4,656)	(4,419)
State and political subdivisions
Available for sale:
Available for sale, 12 months and greater, Estimated fair value	350	360
Available for sale, 12 Months and greater Unrealized loss	(29)	(28)
Available for sale, Estimated fair value	350	360
Available for sale, Unrealized loss	(29)	(28)
Residential mortgage-backed securities
Available for sale:
Available for sale, 12 months and greater, Estimated fair value	13,415	13,949
Available for sale, 12 Months and greater Unrealized loss	(1,681)	(1,426)
Available for sale, Estimated fair value	13,415	13,949
Available for sale, Unrealized loss	(1,681)	(1,426)
Held to maturity:
Held to maturity, 12 months and greater, Estimated fair value	4,532	4,713
Held to maturity, 12 months and greater, Unrealized loss	(2,370)	(2,137)
Held to maturity, Total Estimated fair value	4,532	4,713
Held to maturity, Total Unrealized loss	(2,370)	(2,137)
Corporate and other securities
Available for sale:
Available for sale, Less than 12 months, Estimated fair value	4,696
Available for sale, Less than 12 months, Unrealized loss	(1,054)
Available for sale, 12 months and greater, Estimated fair value	33,526	54,827
Available for sale, 12 Months and greater Unrealized loss	(1,580)	(2,876)
Available for sale, Estimated fair value	38,222	54,827
Available for sale, Unrealized loss	$ (2,634)	$ (2,876)

Securities - Schedule Of Realiz

Securities - Schedule Of Realized Gains (Losses) For Marketable Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Available for sale:
Allowance for credit losses for available for sale	$ 1,283		$ 1,283
Realized gains or losses	0	$ 0
Held to maturity:
Realized gains	0	0
Realized losses	$ 0	$ 0

Securities - Realized an Unreal

Securities - Realized an Unrealized Gains (Losses) for Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Securities
Net unrealized gains (losses) occurring during the period on equity securities	$ 33	$ (544)
Net gains recognized during the period on equity securities sold during the period	21	222
Net gains (losses) recognized during the reporting period on equity securities	$ 54	$ (322)

Loans - Narrative (Details)

Loans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
Loans - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Prepaid expenses and other assets	$ 10,189	$ 10,951
Loans
Financing Receivable, Practical Expedient, Accrued Interest Exclusion [true false]	true
Accrued interest on loans	$ 11,300	$ 11,700
Maximum
Guarantee percentage of SBA Loan	90%

Loans - Classification of Loans

Loans - Classification of Loans By Class (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 2,174,457	$ 2,172,063
SBA 504 loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	38,128	33,669
SBA loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	39,009	38,584
SBA PPP loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	2,168	2,318
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,291,319	1,277,460
Commercial loans \| Commercial & industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	133,409	128,402
Commercial loans \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	977,437	986,230
Commercial loans \| Commercial real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	142,345	129,159
Residential mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	627,464	631,506
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	72,275	72,676
Consumer loans \| Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	67,448	67,037
Consumer loans \| Consumer other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	4,827	5,639
Residential construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	123,783	131,277
Total loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	2,156,018	2,153,821
SBA loans held for sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 18,439	$ 18,242

Loans - Aging Analysis of Past

Loans - Aging Analysis of Past Due and Nonaccrual Loans by Class (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 2,174,457	$ 2,172,063
SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	38,128	33,669
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	39,009	38,584
Total loans	39,009	38,584
SBA loans held for investment \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	169	551
SBA loans held for investment \| 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	275	185
SBA loans held for investment \| 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	138
SBA loans held for investment \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,542	3,444
SBA loans held for investment \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	4,124	4,180
SBA loans held for investment \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	34,885	34,404
SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,168	2,318
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,291,319	1,277,460
Commercial loans \| SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	38,128	33,669
Commercial loans \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	133,409	128,402
Total loans	133,409	128,402
Commercial loans \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	977,437	986,230
Total loans	977,437	986,230
Commercial loans \| Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	142,345	129,159
Total loans	142,345	129,159
Commercial loans \| 30-59 days past due \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	321	288
Commercial loans \| 30-59 days past due \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	4,324	1,732
Commercial loans \| 60-89 days past due \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		78
Commercial loans \| 60-89 days past due \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	384
Commercial loans \| Nonaccrual \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	112	283
Commercial loans \| Nonaccrual \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,303	1,665
Commercial loans \| Past Due \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	433	649
Commercial loans \| Past Due \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	7,011	3,397
Commercial loans \| Current \| SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	38,128	33,669
Commercial loans \| Current \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	132,976	127,753
Commercial loans \| Current \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	970,426	982,833
Commercial loans \| Current \| Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	142,345	129,159
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	627,464	631,506
Total loans	627,464	631,506
Residential mortgage loans \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	12,178	8,719
Residential mortgage loans \| 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		1,378
Residential mortgage loans \| 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		946
Residential mortgage loans \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	7,440	10,326
Residential mortgage loans \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	19,618	21,369
Residential mortgage loans \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	607,846	610,137
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	72,275	72,676
Consumer loans \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	67,448	67,037
Total loans	67,448	67,037
Consumer loans \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	4,827	5,639
Total loans	4,827	5,639
Consumer loans \| 30-59 days past due \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		14
Consumer loans \| 30-59 days past due \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	52	28
Consumer loans \| 60-89 days past due \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	38	55
Consumer loans \| Nonaccrual \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	366	381
Consumer loans \| Past Due \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	366	395
Consumer loans \| Past Due \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	90	83
Consumer loans \| Current \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	67,082	66,642
Consumer loans \| Current \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	4,737	5,556
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	123,783	131,277
Total loans	123,783	131,277
Residential construction loans \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	434	2,580
Residential construction loans \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,127	2,141
Residential construction loans \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,561	4,721
Residential construction loans \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	120,222	126,556
Total loans held for investment including PPP
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,156,018	2,153,821
Total loans held for investment excluding SBA PPP
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,153,850	2,151,503
Total loans	2,156,018	2,153,821
Total loans held for investment excluding SBA PPP \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	17,478	13,912
Total loans held for investment excluding SBA PPP \| 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	697	1,696
Total loans held for investment excluding SBA PPP \| 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	138	946
Total loans held for investment excluding SBA PPP \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	16,890	18,240
Total loans held for investment excluding SBA PPP \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	35,203	34,794
Total loans held for investment excluding SBA PPP \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,118,647	2,116,709
SBA loans held for sale
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	18,439	18,242
Total loans	18,439	18,242
SBA loans held for sale \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	508
SBA loans held for sale \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	508
SBA loans held for sale \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	17,931	18,242
Total loans excluding SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,172,289	2,169,745
Total loans excluding SBA PPP loans \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	17,986	13,912
Total loans excluding SBA PPP loans \| 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	697	1,696
Total loans excluding SBA PPP loans \| 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	138	946
Total loans excluding SBA PPP loans \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	16,890	18,240
Total loans excluding SBA PPP loans \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	35,711	34,794
Total loans excluding SBA PPP loans \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	$ 2,136,578	$ 2,134,951

Loans - Individually Evaluated

Loans - Individually Evaluated Loans with Associated Allowance (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Unpaid principal balance
With no related allowance	$ 9,763	$ 15,291
With an allowance	9,252	6,412
Total individually evaluated loans	19,015	21,703
Recorded investment
with no related allowance	8,690	13,443
with an allowance	8,338	5,750
Total individually evaluated loans	17,028	19,193
Valuation allowance	1,136	995
SBA loans held for investment
Unpaid principal balance
With no related allowance	2,401	2,264
With an allowance	1,482	1,383
Total individually evaluated loans	3,883	3,647
Recorded investment
with no related allowance	2,323	2,186
with an allowance	1,357	1,258
Total individually evaluated loans	3,680	3,444
Valuation allowance	382	348
Commercial loans
Unpaid principal balance
With no related allowance	2,727	2,734
With an allowance	1,417	847
Total individually evaluated loans	4,144	3,581
Recorded investment
with no related allowance	1,755	1,607
with an allowance	660	341
Total individually evaluated loans	2,415	1,948
Valuation allowance	337	341
Commercial loans \| Real Estate Loan [Member]
Unpaid principal balance
With no related allowance	2,727	2,734
With an allowance	699	209
Total individually evaluated loans	3,426	2,943
Recorded investment
with no related allowance	1,755	1,607
with an allowance	548	58
Total individually evaluated loans	2,303	1,665
Valuation allowance	225	58
Commercial loans \| Commercial & industrial
Unpaid principal balance
With an allowance	718	638
Total individually evaluated loans	718	638
Recorded investment
with an allowance	112	283
Total individually evaluated loans	112	283
Valuation allowance	112	283
Residential mortgage loans
Unpaid principal balance
With no related allowance	3,706	7,146
With an allowance	3,772	4,182
Total individually evaluated loans	7,478	11,328
Recorded investment
with no related allowance	3,700	7,121
with an allowance	3,740	4,151
Total individually evaluated loans	7,440	11,272
Valuation allowance	300	306
Consumer loans
Unpaid principal balance
With no related allowance		390
Total individually evaluated loans		390
Recorded investment
with no related allowance		388
Total individually evaluated loans		388
Consumer loans \| Home equity [Member]
Unpaid principal balance
With no related allowance	382	390
With an allowance	1
Total individually evaluated loans	383	390
Recorded investment
with no related allowance	365	388
with an allowance	1
Total individually evaluated loans	366	388
Valuation allowance	1
Residential construction loans
Unpaid principal balance
With no related allowance	547	2,757
With an allowance	2,580
Total individually evaluated loans	3,127	2,757
Recorded investment
with no related allowance	547	2,141
with an allowance	2,580
Total individually evaluated loans	3,127	$ 2,141
Valuation allowance	$ 116

Loans - Risk by loan portfolio

Loans - Risk by loan portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 2,174,457		$ 2,172,063
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	2,174,457		2,172,063
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total loans	445	$ 233
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	39,009		38,584
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	964		1,938
One Year Prior to Current Year	1,878		8,360
Two Years Prior to Current Year	8,333		7,265
Three Years Prior to Current Year	7,385		6,783
Four Years Prior to Current Year	6,464		2,634
Five Years Prior to Current Year and Earlier	13,985		11,604
Total Loans	39,009		38,584
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
One Year Prior to Current Year			100
Four Years Prior to Current Year			113
Total loans		113	213
SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,168		2,318
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Two Years Prior to Current Year			2,318
Three Years Prior to Current Year	2,168
Total Loans	2,168		2,318
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,291,319		1,277,460
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	14,828		139,622
One Year Prior to Current Year	152,337		343,755
Two Years Prior to Current Year	336,777		183,293
Three Years Prior to Current Year	182,494		128,179
Four Years Prior to Current Year	126,854		103,132
Five Years Prior to Current Year and Earlier	374,342		282,096
Revolving Loans Amortized Cost Basis	103,687		97,383
Total Loans	1,291,319		1,277,460
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Two Years Prior to Current Year			150
Four Years Prior to Current Year			350
Five Years Prior to Current Year and Earlier	98		252
Total loans	98		752
Commercial loans \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	977,437		986,230
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	977,437		986,230
Commercial loans \| Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	142,345		129,159
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	142,345		129,159
Commercial loans \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	133,409		128,402
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	133,409		128,402
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	627,464		631,506
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	23,064		102,892
One Year Prior to Current Year	85,980		256,883
Two Years Prior to Current Year	251,088		75,300
Three Years Prior to Current Year	72,505		53,053
Four Years Prior to Current Year	49,092		31,427
Five Years Prior to Current Year and Earlier	145,735		111,951
Total Loans	627,464		631,506
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Two Years Prior to Current Year			25
Five Years Prior to Current Year and Earlier			68
Total loans			93
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	72,275		72,676
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	693		3,428
One Year Prior to Current Year	2,973		4,777
Two Years Prior to Current Year	4,400		3,681
Three Years Prior to Current Year	3,035		795
Four Years Prior to Current Year	753		2,481
Five Years Prior to Current Year and Earlier	11,256		7,763
Revolving Loans Amortized Cost Basis	49,165		49,751
Total Loans	72,275		72,676
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
One Year Prior to Current Year			26
Two Years Prior to Current Year	21		552
Three Years Prior to Current Year	49
Total loans	70	$ 120	578
Consumer loans \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	67,448		67,037
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	67,448		67,037
Consumer loans \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,827		5,639
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	4,827		5,639
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	123,783		131,277
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	6,595		28,827
One Year Prior to Current Year	34,782		72,257
Two Years Prior to Current Year	64,368		25,395
Three Years Prior to Current Year	15,091		1,965
Four Years Prior to Current Year	1,965		491
Five Years Prior to Current Year and Earlier	982		2,342
Total Loans	123,783		131,277
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Five Years Prior to Current Year and Earlier	277		600
Revolving Loans Amortized Cost Basis			400
Total loans	277		1,000
Total loans held for investment including PPP
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,156,018		2,153,821
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	46,144		276,707
One Year Prior to Current Year	277,950		686,032
Two Years Prior to Current Year	664,966		297,252
Three Years Prior to Current Year	282,678		190,775
Four Years Prior to Current Year	185,128		140,165
Five Years Prior to Current Year and Earlier	546,300		415,756
Revolving Loans Amortized Cost Basis	152,852		147,134
Total Loans	2,156,018		2,153,821
Performing \| Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	620,024		621,180
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	23,064		102,892
One Year Prior to Current Year	85,980		253,919
Two Years Prior to Current Year	249,423		72,586
Three Years Prior to Current Year	70,123		51,999
Four Years Prior to Current Year	48,833		30,482
Five Years Prior to Current Year and Earlier	142,601		109,302
Total Loans	620,024		621,180
Performing \| Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	71,908		72,295
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	693		3,428
One Year Prior to Current Year	2,973		4,777
Two Years Prior to Current Year	4,400		3,681
Three Years Prior to Current Year	3,035		670
Four Years Prior to Current Year	644		2,481
Five Years Prior to Current Year and Earlier	11,255		7,507
Revolving Loans Amortized Cost Basis	48,908		49,751
Total Loans	71,908		72,295
Performing \| Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans			129,136
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year			28,827
One Year Prior to Current Year			72,257
Two Years Prior to Current Year			25,395
Three Years Prior to Current Year			1,418
Four Years Prior to Current Year			491
Five Years Prior to Current Year and Earlier			748
Total Loans			129,136
Nonperforming \| Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,440		10,326
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
One Year Prior to Current Year			2,964
Two Years Prior to Current Year	1,665		2,714
Three Years Prior to Current Year	2,382		1,054
Four Years Prior to Current Year	259		945
Five Years Prior to Current Year and Earlier	3,134		2,649
Total Loans	7,440		10,326
Nonperforming \| Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	367		381
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Three Years Prior to Current Year			125
Four Years Prior to Current Year	109
Five Years Prior to Current Year and Earlier	1		256
Revolving Loans Amortized Cost Basis	257
Total Loans	367		381
Nonperforming \| Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans			2,141
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Three Years Prior to Current Year			547
Five Years Prior to Current Year and Earlier			1,594
Total Loans			2,141
Pass \| SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	31,944		31,713
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	964		1,938
One Year Prior to Current Year	1,878		5,339
Two Years Prior to Current Year	5,241		4,723
Three Years Prior to Current Year	4,843		6,083
Four Years Prior to Current Year	5,778		2,634
Five Years Prior to Current Year and Earlier	13,240		10,996
Total Loans	31,944		31,713
Pass \| SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,168		2,318
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Two Years Prior to Current Year			2,318
Three Years Prior to Current Year	2,168
Total Loans	2,168		2,318
Pass \| Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,279,567		1,262,692
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	14,828		139,622
One Year Prior to Current Year	152,337		343,755
Two Years Prior to Current Year	336,287		181,419
Three Years Prior to Current Year	180,893		128,165
Four Years Prior to Current Year	126,845		101,274
Five Years Prior to Current Year and Earlier	365,085		271,469
Revolving Loans Amortized Cost Basis	103,292		96,988
Total Loans	1,279,567		1,262,692
Pass \| Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	119,674
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	6,595
One Year Prior to Current Year	34,782
Two Years Prior to Current Year	64,368
Three Years Prior to Current Year	12,511
Four Years Prior to Current Year	1,418
Total Loans	119,674
Special mention \| SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,872		2,662
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
One Year Prior to Current Year			1,765
Two Years Prior to Current Year	1,836		356
Three Years Prior to Current Year	356		510
Four Years Prior to Current Year	510
Five Years Prior to Current Year and Earlier	170		31
Total Loans	2,872		2,662
Special mention \| Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,780		11,203
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Two Years Prior to Current Year	490		1,815
Three Years Prior to Current Year	1,464
Four Years Prior to Current Year			1,570
Five Years Prior to Current Year and Earlier	6,431		7,423
Revolving Loans Amortized Cost Basis	395		395
Total Loans	8,780		11,203
Substandard \| SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,193		4,209
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
One Year Prior to Current Year			1,256
Two Years Prior to Current Year	1,256		2,186
Three Years Prior to Current Year	2,186		190
Four Years Prior to Current Year	176
Five Years Prior to Current Year and Earlier	575		577
Total Loans	4,193		4,209
Substandard \| Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,972		3,565
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Two Years Prior to Current Year			59
Three Years Prior to Current Year	137		14
Four Years Prior to Current Year	9		288
Five Years Prior to Current Year and Earlier	2,826		3,204
Total Loans	2,972		$ 3,565
Substandard \| Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,109
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Three Years Prior to Current Year	2,580
Four Years Prior to Current Year	547
Five Years Prior to Current Year and Earlier	982
Total Loans	$ 4,109

Loans - Disaggregated by class

Loans - Disaggregated by class of gross loans and type of concession granted (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2024 USD ($)
Financing Receivable, Modified [Line Items]
Loans modified that had subsequent payment default	$ 0
Principal Forgiveness
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	8
Principal Forgiveness \| SBA loans \| SBA loans held for investment
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	8
Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	2,718
Payment Delay \| SBA loans \| SBA loans held for investment
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	99
Payment Delay \| Commercial real estate \| Commercial loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	2,619
Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	3,122
Term Extension \| Commercial & industrial \| Commercial loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	813
Term Extension \| Home equity \| Consumer loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 2,309

Allowance for Credit Losses a_3

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments - Activity in the Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 25,854	$ 25,196	$ 25,196
Charge-offs	(445)	(233)
Recoveries	30	283
Net recoveries (charge-offs)	(415)	50
Provision for loan losses charged to expense	641	108
Balance, end of period	26,080	26,201	25,854
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period		847	847
SBA loans held for investment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,221	875	875
Charge-offs		(113)	(213)
Recoveries	8
Net recoveries (charge-offs)	8	(113)
Provision for loan losses charged to expense		178
(Credit to) loan losses charged to expense	(20)
Balance, end of period	1,209	1,103	1,221
SBA loans held for investment \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period		163	163
Commercial loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	15,876	15,254	15,254
Charge-offs	(98)		(752)
Recoveries	12	271
Net recoveries (charge-offs)	(86)	271
Provision for loan losses charged to expense	397
(Credit to) loan losses charged to expense		(395)
Balance, end of period	16,187	15,301	15,876
Commercial loans \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period		171	171
Residential mortgage loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	6,529	5,450	5,450
Charge-offs			(93)
Provision for loan losses charged to expense		309
(Credit to) loan losses charged to expense	(135)
Balance, end of period	6,394	6,135	6,529
Residential mortgage loans \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period		376	376
Consumer loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,022	990	990
Charge-offs	(70)	(120)	(578)
Recoveries	10	12
Net recoveries (charge-offs)	(60)	(108)
Provision for loan losses charged to expense		37
(Credit to) loan losses charged to expense	(40)
Balance, end of period	922	1,020	1,022
Consumer loans \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period		101	101
Residential construction loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,206	2,627	2,627
Charge-offs	(277)		(1,000)
Net recoveries (charge-offs)	(277)
Provision for loan losses charged to expense	439
(Credit to) loan losses charged to expense		(21)
Balance, end of period	$ 1,368	2,642	1,206
Residential construction loans \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period		$ 36	$ 36

Allowance for Credit Losses a_4

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments - Allowance for Credit Losses on Basis of Impairment Method (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	$ 26,080	$ 25,854	$ 26,201	$ 25,196
Total Loans	2,174,457	2,172,063
SBA held for investment including PPP loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated	382	348
Collectively evaluated	827	873
Total	1,209	1,221
Individually evaluated for impairment	3,680	3,444
Collectively evaluated for impairment	37,497	37,458
Total Loans	41,177	40,902
SBA loans held for investment
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	1,209	1,221	1,103	875
Total Loans	39,009	38,584
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated	337	341
Collectively evaluated	15,850	15,535
Total	16,187	15,876	15,301	15,254
Individually evaluated for impairment	2,415	1,948
Collectively evaluated for impairment	1,288,904	1,275,512
Total Loans	1,291,319	1,277,460
Residential mortgage loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated	300	306
Collectively evaluated	6,094	6,223
Total	6,394	6,529	6,135	5,450
Individually evaluated for impairment	7,440	11,272
Collectively evaluated for impairment	620,024	620,234
Total Loans	627,464	631,506
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated	1
Collectively evaluated	921	1,022
Total	922	1,022	1,020	990
Individually evaluated for impairment	366	388
Collectively evaluated for impairment	71,909	72,288
Total Loans	72,275	72,676
Residential construction loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated	116
Collectively evaluated	1,252	1,206
Total	1,368	1,206	$ 2,642	$ 2,627
Individually evaluated for impairment	3,127	2,141
Collectively evaluated for impairment	120,656	129,136
Total Loans	123,783	131,277
Total loans held for investment including PPP
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Loans	2,156,018	2,153,821
Total loans held for investment excluding SBA PPP
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated	1,136	995
Collectively evaluated	24,944	24,859
Total	26,080	25,854
Individually evaluated for impairment	17,028	19,193
Collectively evaluated for impairment	2,138,990	2,134,628
Total Loans	$ 2,156,018	$ 2,153,821

Allowance for Credit Losses a_5

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Unfunded loan commitment
Financing Receivable, Allowance for Credit Losses [Line Items]
Reserve for commitments	$ 0.6	$ 0.6

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities (Details) - Interest rate swap agreements $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) contract	Dec. 31, 2023 USD ($) contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 20,000	$ 20,000
Fair value	$ 805	$ 918
Weighted average pay rate	0.83%	0.83%
Weighted average receive rate	5.62%	5.27%
Weighted average maturity in years	11 months 8 days	1 year 6 months 25 days
Number of contracts \| contract	1	1

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Gain (Loss) in AOCI (Details) - AOCI (loss) gain on cash flow derivative instruments - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
(Loss) gain recognized in OCI gross	$ (113)	$ (235)
(Loss) Gain recognized in OCI	(81)	(185)
(Loss) gain reclassified from AOCI into net income gross	238	198
Gain reclassified from AOCI into net income	$ 170	$ 156

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($)	3 Months Ended
Employee Benefit Plans - Narrative (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023	May 05, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)	0	0
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period	3 years
Award expiration period	10 years
Compensation cost not yet recognized	$ 0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Award vesting period	4 years
Compensation cost not yet recognized	$ 4,900,000
Compensation cost recognition weighted average period	3 years
2023 Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares authorized (in shares)			500,000
Number of shares available for grant (in shares)	405,999
2023 Equity Compensation Plan \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)	281,500
Unvested options cancelled and returned	16,162
2023 Equity Compensation Plan \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)	345,850
Unvested options cancelled and returned	17,187

Employee Benefit Plans - Stock

Employee Benefit Plans - Stock Transactions - Stock Option Plans (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Shares
Options Outstanding, beginning shares (in shares)	471,132
Options granted (in shares)	0	0
Options exercised (in shares)	(59,100)	(37,201)
Options Outstanding, ending shares (in shares)	412,032		471,132
Shares Exercisable	412,032
Weighted average exercise price
Weighted Average exercise Price: Options Outstanding, beginning (in usd per share)	$ 17.92
Weighted Average Exercise Price: Options exercised (in usd per share)	15.47
Weighted Average exercise Price: Options Outstanding, ending (in usd per share)	18.27		$ 17.92
Weighted average exercise price, Options Exercisable (in dollars per share)	$ 18.27
Weighted Average Remaining Contractual Life (in years): Options Outstanding	4 years 9 months 18 days		4 years 10 months 24 days
Weighted Average Remaining Contractual Life (in years): Options Exercisable	4 years 9 months 18 days
Aggregate Intrinsic Value: Options Outstanding	$ 3,845,636		$ 5,500,080
Aggregate Intrinsic Value: Options Exercisable	$ 3,845,636

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Information About Options Exercised (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Employee Benefit Plans
Number of options exercised	59,100	37,201
Total intrinsic value of options exercised	$ 764,901	$ 241,904
Cash received from options exercised	412,791	753,894
Tax deduction realized from options	$ 215,014	$ 72,777

Employee Benefit Plans - Stoc_2

Employee Benefit Plans - Stock Transactions - Stock Options Outstanding And Exercisable (Details)	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Options outstanding (in shares) \| shares	412,032
Options outstanding, Weighted average remaining contractual life (in years)	4 years 9 months 18 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 18.27
Options exercisable (in shares) \| shares	412,032
Options exercisable, Weighted average exercise price (in dollars per share)	$ 18.27
$7.25 - $16.51
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	8.31
Range of exercise prices, upper	$ 11.87
Options outstanding (in shares) \| shares	58,000
Options outstanding, Weighted average remaining contractual life (in years)	1 year 7 months 6 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 9.63
Options exercisable (in shares) \| shares	58,000
Options exercisable, Weighted average exercise price (in dollars per share)	$ 9.63
$16.52 - $19.26
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	11.88
Range of exercise prices, upper	$ 15.44
Options outstanding (in shares) \| shares	9,000
Options outstanding, Weighted average remaining contractual life (in years)	2 years 8 months 12 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 14.60
Options exercisable (in shares) \| shares	9,000
Options exercisable, Weighted average exercise price (in dollars per share)	$ 14.60
$19.27 - $20.88
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	15.45
Range of exercise prices, upper	$ 19.01
Options outstanding (in shares) \| shares	128,932
Options outstanding, Weighted average remaining contractual life (in years)	5 years 6 months
Options outstanding, Weighted average exercise price (in dollars per share)	$ 17.58
Options exercisable (in shares) \| shares	128,932
Options exercisable, Weighted average exercise price (in dollars per share)	$ 17.58
$20.89 - $22.57
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	19.02
Range of exercise prices, upper	$ 22.57
Options outstanding (in shares) \| shares	216,100
Options outstanding, Weighted average remaining contractual life (in years)	5 years 3 months 18 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 21.14
Options exercisable (in shares) \| shares	216,100
Options exercisable, Weighted average exercise price (in dollars per share)	$ 21.14

Employee Benefit Plans - Compen

Employee Benefit Plans - Compensation Expense Related To Stock Options (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 32	$ 85
Income tax benefit	9	25
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	444	332
Income tax benefit	$ 125	$ 80

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Shares
Nonvested restricted stock, beginning balance (in shares)	164,634
Granted (in shares)	77,950	18,000
Cancelled (in shares)	(1,937)
Vested (in shares)	(32,875)
Nonvested restricted stock, ending balance (in shares)	207,772
Average grant date fair value
Nonvested restricted stock, beginning balance (in dollars per share)	$ 24.46
Granted (in dollars per share)	28.84	$ 27.33
Cancelled (in dollars per share)	27.55
Vested (in dollars per share)	24.43
Nonvested restricted stock, ending balance (in dollars per share)	$ 26.08

Employee Benefit Plans - Stoc_3

Employee Benefit Plans - Stock Transactions - Restricted Stock Awards (Details) - Restricted Stock - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares granted (in shares)	77,950	18,000
Average grant date fair value (in usd per share)	$ 28.84	$ 27.33

Regulatory Capital - Schedule o

Regulatory Capital - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations
Capital conservation buffer	0.025
Total risk-based capital (to risk-weighted assets), Amount, Actual	$ 303,846	$ 298,293
Total risk--based capital ratio	0.1463	0.1443
Total risk-based capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount	$ 166,101	$ 165,370
Total risk-based capital ratio, Required for capital adequacy purposes effective	0.0800	0.0800
Total risk-based capital (to risk-weighted assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 207,627	$ 206,712
Total risk-based capital ratio, To be well-capitalized under prompt corrective action regulations	0.1000	0.1000
Common equity tier 1 (to risk-weighted assets), Amount, Actual	$ 267,884	$ 262,454
CET1, Required for capital adequacy purposes effective	0.1290	0.1270
CEIT 1, Required for Capital Adequacy Purposes, Amount, Actual	$ 93,432	$ 93,020
CEIT 1, Required for Capital Adequacy Purposes, Ratio, Actual	0.0450	0.0450
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 134,957	$ 134,363
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0650	0.0650
Assets	$ 277,884	$ 272,454
Tier I risk-based capital ratio	0.1338	0.1318
Tier 1 capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 124,576	$ 124,027
Tier I risk-based capital ratio, Required for capital adequacy purposes effective	0.0600	0.0600
Tier 1 capital (to risk-weighted assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 166,101	$ 165,370
Tier I risk-based capital ratio, To be well-capitalized under prompt corrective action regulations	0.0800	0.0800
Tier 1 capital (to average total assets), Amount, Actual	$ 277,884	$ 272,454
Leverage ratio	0.1139	0.1114
Tier 1 capital (to average total assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 97,580	$ 97,800
Leverage ratio, Required for capital adequacy purposes effective	0.0400	0.0400
Tier 1 capital (to average total assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 121,975	$ 122,250
Leverage ratio, To be well-capitalized under prompt corrective action regulations	0.0500	0.0500
Including capital conservation buffer
Compliance with Regulatory Capital Requirements under Banking Regulations
Total risk-based capital ratio, Required for capital adequacy purposes effective	0.105
CEIT 1, Required for Capital Adequacy Purposes, Ratio, Actual	0.070
Tier I risk-based capital ratio, Required for capital adequacy purposes effective	0.085
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations
Capital conservation buffer	0.025
Total risk-based capital (to risk-weighted assets), Amount, Actual	$ 295,499	$ 287,206
Total risk--based capital ratio	0.1436	0.1402
Total risk-based capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount	$ 164,659	$ 163,911
Total risk-based capital ratio, Required for capital adequacy purposes effective	0.0800	0.0800
Total risk-based capital (to risk-weighted assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 205,824	$ 204,889
Total risk-based capital ratio, To be well-capitalized under prompt corrective action regulations	0.1000	0.1000
Common equity tier 1 (to risk-weighted assets), Amount, Actual	$ 269,759	$ 261,584
CET1, Required for capital adequacy purposes effective	0.1311	0.1276
CEIT 1, Required for Capital Adequacy Purposes, Amount, Actual	$ 92,621	$ 92,200
CEIT 1, Required for Capital Adequacy Purposes, Ratio, Actual	0.0450	0.0450
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 133,786	$ 133,178
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0650	0.0650
Assets	$ 269,759	$ 261,584
Tier I risk-based capital ratio	0.1311	0.1276
Tier 1 capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 123,495	$ 122,934
Tier I risk-based capital ratio, Required for capital adequacy purposes effective	0.0600	0.0600
Tier 1 capital (to risk-weighted assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 164,659	$ 163,911
Tier I risk-based capital ratio, To be well-capitalized under prompt corrective action regulations	0.0800	0.0800
Tier 1 capital (to average total assets), Amount, Actual	$ 269,759	$ 261,584
Leverage ratio	0.1110	0.1074
Tier 1 capital (to average total assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 97,204	$ 97,355
Leverage ratio, Required for capital adequacy purposes effective	0.0400	0.0400
Tier 1 capital (to average total assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 121,504	$ 121,693
Leverage ratio, To be well-capitalized under prompt corrective action regulations	0.0500	0.0500
Bank \| Including capital conservation buffer
Compliance with Regulatory Capital Requirements under Banking Regulations
Total risk-based capital ratio, Required for capital adequacy purposes effective	0.105
CEIT 1, Required for Capital Adequacy Purposes, Ratio, Actual	0.070
Tier I risk-based capital ratio, Required for capital adequacy purposes effective	0.085

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 9,586	$ 10,287

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false