Unity Bancorp (UNTY) 10-Q6 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		9,979,668
Entity Central Index Key	0000920427
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 31,180	$ 20,668
Interest-bearing deposits	166,238	174,108
Cash and cash equivalents	197,418	194,776
Securities:
Debt securities available for sale ("AFS"), at fair value	99,081	91,765
Debt securities held to maturity ("HTM"), at amortized cost	36,157	36,122
Equity securities, at fair value	9,949	7,802
Total securities	145,187	135,689
Loans:
Total loans	2,170,535	2,172,063
Allowance for credit losses	(26,107)	(25,854)
Net loans	2,144,428	2,146,209
Premises and equipment, net	19,073	19,567
Bank owned life insurance ("BOLI")	25,483	25,230
Deferred tax assets, net	13,294	12,552
Federal Home Loan Bank ("FHLB") stock	14,957	18,435
Accrued interest receivable	13,257	13,582
Goodwill	1,516	1,516
Prepaid expenses and other assets	23,094	10,951
Total assets	2,597,707	2,578,507
Deposits:
Noninterest-bearing demand	422,001	419,636
Interest-bearing demand	301,480	312,208
Savings	505,586	497,491
Brokered deposits	221,990	268,408
Time deposits	559,774	426,397
Total deposits	2,010,831	1,924,140
Borrowed funds	274,798	356,438
Subordinated debentures	10,310	10,310
Accrued interest payable	1,657	1,924
Accrued expenses and other liabilities	26,716	24,265
Total liabilities	2,324,312	2,317,077
Shareholders' equity:
Common stock	102,226	100,426
Retained earnings	207,534	191,108
Treasury stock	(33,285)	(27,367)
Accumulated other comprehensive loss	(3,080)	(2,737)
Total shareholders' equity	273,395	261,430
Total liabilities and shareholders' equity	2,597,707	2,578,507
SBA loans held for sale
Loans:
Total loans	15,159	18,242
SBA loans held for investment
Loans:
Total loans	38,017	38,584
Allowance for credit losses	(1,457)	(1,221)
SBA PPP loans
Loans:
Total loans	1,734	2,318
Commercial loans
Loans:
Total loans	1,318,208	1,277,460
Allowance for credit losses	(16,688)	(15,876)
Residential mortgage loans
Loans:
Total loans	624,949	631,506
Allowance for credit losses	(6,213)	(6,529)
Consumer loans
Loans:
Total loans	69,280	72,676
Allowance for credit losses	(835)	(1,022)
Residential construction loans
Loans:
Total loans	103,188	131,277
Allowance for credit losses	$ (914)	$ (1,206)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Jun. 30, 2024	Dec. 31, 2023
Consolidated Balance Sheets
Common stock, shares issued (in shares)	11,555	11,424
Common stock, shares outstanding (in shares)	9,975	10,063
Treasury shares	1,580	1,361

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INTEREST INCOME
Interest-bearing deposits	$ 435	$ 441	$ 855	$ 775
FHLB stock	180	343	460	674
Securities:
Taxable	1,749	1,798	3,598	3,537
Tax-exempt	17	19	35	38
Total securities	1,766	1,817	3,633	3,575
Loans:
SBA loans	1,276	1,403	2,609	2,807
SBA PPP loans	11	27	19	104
Commercial loans	21,160	18,621	41,990	36,022
Residential mortgage loans	9,316	8,532	18,535	16,641
Consumer loans	1,390	1,471	2,792	2,825
Residential construction loans	2,453	2,737	5,031	5,323
Total loans	35,606	32,791	70,976	63,722
Total interest income	37,987	35,392	75,924	68,746
INTEREST EXPENSE
Interest-bearing demand deposits	2,010	1,331	3,720	2,296
Savings deposits	3,349	1,993	6,493	3,548
Brokered deposits	2,181	1,857	4,476	3,419
Time deposits	5,832	2,564	10,531	4,126
Borrowed funds and subordinated debentures	1,191	4,125	3,439	7,924
Total interest expense	14,563	11,870	28,659	21,313
Net interest income	23,424	23,522	47,265	47,433
Provision for credit losses, loans	266	777	907	885
Provision for credit losses, off-balance sheet	13	(84)	15	(84)
Provision for credit losses, AFS debt securities	646		646	0
Net interest income after provision for credit losses	22,499	22,829	45,697	46,632
NONINTEREST INCOME
Gain on sale of SBA loans held for sale, net	305	586	543	896
Gain on sale of mortgage loans, net	266	463	586	707
BOLI income	189	84	254	164
Net security gains (losses)	20	(164)	74	(487)
Other income	520	427	861	796
Total noninterest income	2,033	2,115	3,751	3,532
NONINTEREST EXPENSE
Compensation and benefits	7,121	7,271	14,478	14,361
Processing and communications	840	663	1,746	1,467
Occupancy	815	779	1,613	1,549
Furniture and equipment	819	690	1,503	1,379
Professional services	405	296	841	723
Advertising	397	443	797	703
Loan related expenses	351	130	735	305
Deposit insurance	321	617	660	965
Director fees	231	203	478	420
Other expenses	680	743	1,261	1,391
Total noninterest expense	11,980	11,835	24,112	23,263
Income before provision for income taxes	12,552	13,109	25,336	26,901
Provision for income taxes	3,098	3,409	6,296	6,914
Net income	$ 9,454	$ 9,700	$ 19,040	$ 19,987
Net income per common share - Basic	$ 0.94	$ 0.96	$ 1.89	$ 1.94
Net income per common share - Diluted	$ 0.93	$ 0.95	$ 1.86	$ 1.91
Weighted average common shares outstanding - Basic	10,016	10,103	10,072	10,319
Weighted average common shares outstanding - Diluted	10,149	10,203	10,212	10,444
Branch fee income
NONINTEREST INCOME
Noninterest income	$ 266	$ 228	$ 509	$ 463
Service and loan fee income
NONINTEREST INCOME
Noninterest income	$ 467	$ 491	$ 924	$ 993

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consolidated Statements of Comprehensive Income
Net income, before tax amount	$ 12,552	$ 13,109	$ 25,336	$ 26,901
Income tax expense (benefit)	3,098	3,409	6,296	6,914
Net income	9,454	9,700	19,040	19,987
Debt securities available for sale:
Unrealized holding losses on securities arising during the period, before tax	(118)	(683)	(162)	(324)
Unrealized holding losses on securities arising during the period, tax	(29)	(166)	(39)	(74)
Unrealized holding losses on securities arising during the period, net of tax	(89)	(517)	(123)	(250)
Total unrealized losses on securities available for sale, before tax	(118)	(683)	(162)	(324)
Total unrealized losses on securities available for sale, tax	(29)	(166)	(39)	(74)
Total unrealized losses on securities available for sale, net of tax	(89)	(517)	(123)	(250)
Net unrealized (losses) gains from cash flow hedges:
Unrealized holding (losses) gains on cash flow hedges arising during the period, before tax	(429)	319	(780)	(552)
Unrealized holding (losses) gains on cash flow hedges arising during the period, tax	(122)	90	(222)	(140)
Unrealized holding (losses) gains on cash flow hedges arising during the period, net of tax	(307)	229	(558)	(412)
Less: reclassification adjustment for (gains) losses on cash flow hedges included in net income, before tax	(238)	219	(476)	(418)
Less: reclassification adjustment for (gains) losses on cash flow hedges included in net income, tax	(70)	63	(138)	(119)
Less: reclassification adjustment for (gains) losses on cash flow hedges included in net income, net of tax	(168)	156	(338)	(299)
Total unrealized (losses) gains on cash flow hedges, before tax	(191)	100	(304)	(134)
Total unrealized (losses) gains on cash flow hedges, tax	(52)	27	(84)	(21)
Total unrealized (losses) gains on cash flow hedges, net of tax	(139)	73	(220)	(113)
Total other comprehensive loss, before tax	(309)	(583)	(466)	(458)
Total other comprehensive loss, tax	(81)	(139)	(123)	(95)
Total other comprehensive loss, net of tax	(228)	(444)	(343)	(363)
Total comprehensive income, before tax	12,243	12,526	24,870	26,443
Total comprehensive income, tax	3,017	3,270	6,173	6,819
Total comprehensive income, net of tax	$ 9,226	$ 9,256	$ 18,697	$ 19,624

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 (loss), 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, 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								19,987
Other comprehensive income (loss), net of tax						(363)		(363)
Ending Balance (in shares) at Jun. 30, 2023		10,119
Ending balance at Jun. 30, 2023		$ 98,910		173,823	(25,037)	(3,623)		244,073
Beginning Balance (in shares) at Mar. 31, 2023		10,292
Beginning balance at Mar. 31, 2023		$ 98,197		165,335	(19,894)	(3,179)		240,459
Increase (Decrease) in Stockholders' Equity
Net income				9,700				9,700
Other comprehensive income (loss), net of tax						(444)		(444)
Dividends on common stock (in shares)		2
Dividends on common stock		$ 47		(1,212)				(1,165)
Share-based compensation (in shares)		50
Share-based compensation		$ 666						666
Treasury stock purchased, at cost (in shares)		(225)
Treasury stock purchased, at cost					(5,143)			(5,143)
Ending Balance (in shares) at Jun. 30, 2023		10,119
Ending balance at Jun. 30, 2023		$ 98,910		173,823	(25,037)	(3,623)		$ 244,073
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 (loss), 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
Ending balance at Mar. 31, 2024		$ 101,676		199,380	(31,443)	(2,852)		$ 266,761
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								19,040
Other comprehensive income (loss), net of tax						(343)		$ (343)
Ending Balance (in shares) at Jun. 30, 2024		9,975						9,975
Ending balance at Jun. 30, 2024		$ 102,226		207,534	(33,285)	(3,080)		$ 273,395
Beginning Balance (in shares) at Mar. 31, 2024		10,044
Beginning balance at Mar. 31, 2024		$ 101,676		199,380	(31,443)	(2,852)		266,761
Increase (Decrease) in Stockholders' Equity
Net income				9,454				9,454
Other comprehensive income (loss), net of tax						(228)		(228)
Dividends on common stock (in shares)		2
Dividends on common stock		$ 52		(1,300)				(1,248)
Share-based compensation (in shares)		(2)
Share-based compensation		$ 498						498
Treasury stock purchased, at cost (in shares)		(69)
Treasury stock purchased, at cost					(1,842)			$ (1,842)
Ending Balance (in shares) at Jun. 30, 2024		9,975						9,975
Ending balance at Jun. 30, 2024		$ 102,226		$ 207,534	$ (33,285)	$ (3,080)		$ 273,395

[1] Includes the issuance of common stock under employee benefit plans, which includes nonqualified stock options and restricted stock expense related entries, employee option exercises and the tax benefit of options exercised.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Consolidated Statements of Changes in Shareholders' Equity
Common stock, dividends, per share, cash paid (in dollars per share)	$ 0.13	$ 0.13	$ 0.12	$ 0.12

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES:
Net income	$ 19,040	$ 19,987
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses, loans	907	885
Provision for credit losses, AFS debt securities	646	0
Net accretion of purchase premiums and discounts on securities	(130)	(29)
Depreciation and amortization	764	659
PPP deferred fees and costs	(9)	(73)
Deferred income tax benefit	(618)	(301)
Net realized security gains	(62)	(222)
Stock compensation expense	926	840
Gain on sale of mortgage loans, net	(586)	(707)
Gain on sale of SBA loans held for sale, net	(543)	(896)
BOLI income	(254)	(164)
Net change in other assets and liabilities	(12,768)	(11,309)
Net cash provided by operating activities	7,313	8,670
INVESTING ACTIVITIES
Purchases of equity securities	(2,247)	(168)
Purchases of securities available for sale	(10,500)
Proceeds from redemption of FHLB stock, at cost, net	3,478	(2,365)
Maturities and principal payments on securities held to maturity	100	101
Maturities and principal payments on securities available for sale	2,371	2,103
Proceeds from sales of equity securities	221	1,269
Net decrease in SBA PPP loans	593	3,425
Net decrease (increase) in loans	4,135	(63,046)
Purchases of premises and equipment	(215)	(580)
Net cash used in investing activities	(2,064)	(59,261)
FINANCING ACTIVITIES
Net increase in deposits	86,691	62,000
(Repayments of) proceeds from short-term borrowings	(96,000)	35,000
Proceeds from long-term borrowings	14,360	5,000
Proceeds from exercise of stock options	769	773
Dividends on common stock	(2,509)	(2,381)
Purchase of treasury stock, including excise tax accrual	(5,918)	(13,360)
Net cash (used in) provided by financing activities	(2,607)	87,032
Increase in cash and cash equivalents	2,642	36,441
Cash and cash equivalents, beginning of year	194,776	114,793
Cash and cash equivalents, end of period	197,418	151,234
SUPPLEMENTAL DISCLOSURES
Interest paid	28,926	21,289
Income taxes paid	6,617	3,557
Noncash activities:
Capitalization of servicing rights	$ 152	429
Transfer of loans to OREO		$ 251

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Jun. 30, 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 six months ended June 30, 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 withdrawal 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	6 Months Ended
Litigation	Jun. 30, 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	6 Months Ended
Net Income per Share	Jun. 30, 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 June 30, For the six months ended June 30, (In thousands, except per share amounts) 2024 2023 2024 2023 Net income $ 9,454 $ 9,700 $ 19,040 $ 19,987 Weighted average common shares outstanding - Basic 10,016 10,103 10,072 10,319 Plus: Potential dilutive common stock equivalents 133 100 140 125 Weighted average common shares outstanding - Diluted 10,149 10,203 10,212 10,444 Net income per common share - Basic $ 0.94 $ 0.96 $ 1.89 $ 1.94 Net income per common share - Diluted 0.93 0.95 1.86 1.91 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive — 50 — —

Other Comprehensive (Loss) Inco

Other Comprehensive (Loss) Income	6 Months Ended
Other Comprehensive (Loss) Income	Jun. 30, 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 and six months ended June 30, 2024 and 2023, net of tax: For the three months ended June 30, 2024 Accumulated Net unrealized Net unrealized other losses on gains (losses) from comprehensive (In thousands) securities cash flow hedges loss Balance, beginning of period $ (3,442) $ 590 $ (2,852) Other comprehensive loss before reclassifications (89) (307) (396) Less amounts reclassified from accumulated other comprehensive loss — (168) (168) Period change (89) (139) (228) Balance, end of period $ (3,531) $ 451 $ (3,080) For the three months ended June 30, 2023 Net unrealized Accumulated Net unrealized gains other losses on from cash flow comprehensive (In thousands) securities hedges (loss) income Balance, beginning of period $ (4,115) $ 936 $ (3,179) Other comprehensive (loss) income before reclassifications (516) 228 (288) Less amounts reclassified from accumulated other comprehensive loss — 156 156 Period change (516) 72 (444) Balance, end of period $ (4,631) $ 1,008 $ (3,623) For the six months ended June 30, 2024 Net unrealized Accumulated Net unrealized gains (losses) other losses on from cash flow comprehensive (In thousands) securities hedges loss Balance, beginning of period $ (3,408) $ 671 $ (2,737) Other comprehensive loss before reclassifications (123) (558) (681) Less amounts reclassified from accumulated other comprehensive loss — (338) (338) Period change (123) (220) (343) Balance, end of period $ (3,531) $ 451 $ (3,080) For the six months ended June 30, 2023 Net unrealized Accumulated Net unrealized gains (losses) other losses on from cash flow comprehensive (In thousands) securities hedges loss Balance, beginning of period $ (4,381) $ 1,121 $ (3,260) Other comprehensive loss before reclassifications (250) (412) (662) Less amounts reclassified from accumulated other comprehensive loss — (299) (299) Period change (250) (113) (363) Balance, end of period $ (4,631) $ 1,008 $ (3,623)

Fair Value

Fair Value	6 Months Ended
Fair Value	Jun. 30, 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 As of June 30, 2024, the fair value of the Company’s AFS debt securities portfolio was $99.1 million. Most of the Company’s AFS debt securities were classified as Level 2 assets at June 30, 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 June 30, 2024. The valuation of these corporate bonds are 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 six months ended June 30, 2024 and 2023: Corporate debt & other securities For the six months ended (In thousands) June 30, 2024 June 30, 2023 Balance of Recurring Level 3 assets at January 1 $ 7,979 $ 4,675 Activity Unrealized holding losses on securities arising during the period (646) (344) Balance of recurring Level 3 assets at June 30 $ 7,333 $ 4,331 Equity Securities with Readily Determinable Fair Values As of June 30, 2024, the fair value of the Company’s equity securities portfolio was $9.9 million. All of the Company’s equity securities were classified as Level 1 assets at June 30, 2024. Interest Rate Swap Agreements 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 June 30, 2024, as compared to the periods ended December 31, 2023 and June 30, 2023. The tables below present the balances of assets measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023: Fair Value Measurements at June 30, 2024 Quoted Prices in Assets 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 $ 14,537 $ — $ 14,537 $ — State and political subdivisions 346 — 346 — Residential mortgage-backed securities 12,959 — 12,959 — Corporate and other securities 71,239 — 63,906 7,333 Total debt securities available for sale $ 99,081 $ — $ 91,748 $ 7,333 Equity securities with readily determinable fair values $ 9,949 $ 9,949 $ — $ — Total equity securities $ 9,949 $ 9,949 $ — $ — Interest rate swap agreements $ 614 $ — $ 614 $ — Total swap agreements $ 614 $ — $ 614 $ — Fair value Measurements at December 31, 2023 Quoted Prices in Assets 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 June 30, 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 June 30, 2024 Quoted Prices Significant in Active Other Significant Assets 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 $ 6,444 $ — $ — $ 6,444 Fair Value Measurements at December 31, 2023 Quoted Prices Significant in Active Other Significant Assets 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 June 30, 2024, the valuation allowance for individually evaluated loans was $1.2 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 June 30, 2024 and December 31, 2023: June 30, 2024 Carrying (In thousands) amount Level 1 Level 2 Level 3 Financial assets: Debt securities held to maturity $ 36,157 $ — $ 29,007 $ — SBA loans held for sale 15,159 — 16,118 — Loans, net of allowance for credit losses 2,129,269 — 2,026,813 6,444 Financial liabilities: Deposits 2,010,831 — 2,002,396 — Borrowed funds and subordinated debentures 285,108 — 284,509 — 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	6 Months Ended
Securities	Jun. 30, 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 June 30, 2024 and December 31, 2023: June 30, 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 $ 15,000 $ — $ (463) $ — $ 14,537 State and political subdivisions 377 — (31) — 346 Residential mortgage-backed securities 14,597 26 (1,664) — 12,959 Corporate and other securities 75,704 295 (2,831) (1,929) 71,239 Total debt securities available for sale $ 105,678 $ 321 $ (4,989) $ (1,929) $ 99,081 Held to maturity: U.S. Government sponsored entities $ 28,000 $ — $ (4,736) $ — $ 23,264 State and political subdivisions 1,203 68 — — 1,271 Residential mortgage-backed securities 6,954 — (2,482) — 4,472 Total debt securities held to maturity $ 36,157 $ 68 $ (7,218) $ — $ 29,007 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 six months ended June 30, 2024 there was a $0.6 million provision for credit loss on AFS debt securities compared to no provision for credit loss on AFS debt securities for the six months ended June 30, 2023. The impairment was entirely attributable to the same corporate debt security for which a partial provision was taken in the fourth quarter of 2023. The company owns $5 million in par of this position and moved the position into non-accrual status during the three months ending June 30, 2024. The net carrying value of the position was $3.1 million as of June 30, 2024. The contractual maturities of available for sale and held for maturity debt securities at June 30, 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 $ 3,285 $ 3,155 Due after one year through five years 30,495 27,211 Due after five years through ten years 15,789 14,171 Due after ten years 41,512 41,585 Residential mortgage-backed securities 14,597 12,959 Total $ 105,678 $ 99,081 Held to maturity: Due in one year $ — $ — Due after one year through five years 3,000 2,910 Due after five years through ten years — — Due after ten years 26,203 21,625 Residential mortgage-backed securities 6,954 4,472 Total $ 36,157 $ 29,007 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 June 30, 2024 and December 31, 2023 are as follows: June 30, 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 $ — $ — $ 14,537 $ (463) $ 14,537 $ (463) State and political subdivisions — — 346 (31) 346 (31) Residential mortgage-backed securities — — 12,919 (1,664) 12,919 (1,664) Corporate and other securities 1,998 (2) 22,878 (2,829) 24,876 (2,831) Total $ 1,998 $ (2) $ 50,680 $ (4,987) $ 52,678 $ (4,989) Held to maturity: U.S. Government sponsored entities $ — $ — $ 23,264 $ (4,736) $ 23,264 $ (4,736) Residential mortgage-backed securities — $ — 4,472 (2,482) 4,472 (2,482) Total $ — $ — $ 27,736 $ (7,218) $ 27,736 $ (7,218) 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 on debt securities 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 debt securities during the three and six months ended June 30, 2024 and 2023. There were no realized gains or losses for held to maturity debt securities during the three and six months ended June 30, 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 and six months ended June 30, 2024 and 2023: For the three months ended June 30, For the six months ended June 30, (In thousands) 2024 2023 2024 2023 Net unrealized (losses) gains occurring during the period on equity securities $ (21) $ (164) $ 12 $ (709) Net gains recognized during the period on equity securities sold during the period 41 — 62 222 Gains (losses) recognized during the reporting period on equity securities $ 20 $ (164) $ 74 $ (487)

Loans

Loans	6 Months Ended
Loans	Jun. 30, 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 June 30, 2024 and December 31, 2023: (In thousands) June 30, 2024 December 31, 2023 SBA loans held for investment $ 38,017 $ 38,584 SBA PPP loans 1,734 2,318 Commercial loans SBA 504 loans 39,195 33,669 Commercial & industrial 147,172 128,402 Commercial real estate 1,006,092 986,230 Commercial real estate construction 125,749 129,159 Residential mortgage loans 624,949 631,506 Consumer loans Home equity 65,065 67,037 Consumer other 4,215 5,639 Residential construction loans 103,188 131,277 Total loans held for investment $ 2,155,376 $ 2,153,821 SBA loans held for sale 15,159 18,242 Total loans $ 2,170,535 $ 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, most notably in New Jersey. 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 performed by an independent external firm. The Company’s extension of credit is governed by the Loan 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. Generally, 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 June 30, 2024 and December 31, 2023: June 30, 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 $ 1,816 $ — $ — $ 3,813 $ 5,629 $ 32,388 $ 38,017 Commercial loans SBA 504 loans — — — — — 39,195 39,195 Commercial & industrial — 9 — 84 93 147,079 147,172 Commercial real estate 4,676 — 373 2,237 7,286 998,806 1,006,092 Commercial real estate construction — — — — — 125,749 125,749 Residential mortgage loans 16,610 3,729 — 5,336 25,675 599,274 624,949 Consumer loans Home equity — — — 105 105 64,960 65,065 Consumer other 44 53 — — 97 4,118 4,215 Residential construction loans 2,213 — — 547 2,760 100,428 103,188 Total loans held for investment, excluding SBA PPP 25,359 3,791 373 12,122 41,645 2,111,997 2,153,642 SBA loans held for sale — — — — — 15,159 15,159 Total loans, excluding SBA PPP $ 25,359 $ 3,791 $ 373 $ 12,122 $ 41,645 $ 2,127,156 $ 2,168,801 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 June 30, 2024 and December 31, 2023: June 30, 2024 Unpaid Allowance for principal Recorded Credit Losses (In thousands) balance investment Allocated With no related allowance: SBA loans held for investment $ 360 $ 269 $ — Commercial loans Commercial & industrial 638 33 — Commercial real estate 3,300 2,120 — Total commercial loans 3,938 2,153 — Residential mortgage loans 1,753 1,753 — Consumer loans Home equity 115 105 — Total consumer loans 115 105 — Residential construction loans 547 547 — Total individually evaluated loans with no related allowance 6,713 4,827 — With an allowance: SBA loans held for investment 3,669 3,544 683 Commercial loans Commercial & industrial 129 51 51 Commercial real estate 490 490 204 Total commercial loans 619 541 255 Residential mortgage loans 3,614 3,583 286 Total individually evaluated loans with a related allowance 7,902 7,668 1,224 Total individually evaluated loans: SBA loans held for investment 4,029 3,813 683 Commercial loans Commercial & industrial 767 84 51 Commercial real estate 3,790 2,610 204 Total commercial loans 4,557 2,694 255 Residential mortgage loans 5,367 5,336 286 Consumer loans Home equity 115 105 — Total consumer loans 115 105 — Residential construction loans 547 547 — Total individually evaluated loans $ 14,615 $ 12,495 $ 1,224 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 June 30, 2024 and December 31, 2023, respectively: Term Loans Amortized Cost Basis by Origination Year, June 30, 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 $ 1,268 $ 1,872 $ 5,222 $ 4,854 $ 5,727 $ 12,612 $ - $ 31,555 Special Mention - - 1,805 356 510 157 - 2,828 Substandard - - 1,256 2,186 189 3 - 3,634 Total SBA loans held for investment $ 1,268 $ 1,872 $ 8,283 $ 7,396 $ 6,426 $ 12,772 $ - $ 38,017 SBA PPP loans Risk Rating: Pass $ - $ - $ - $ 1,734 $ - $ - $ - $ 1,734 Total SBA PPP loans $ - $ - $ - $ 1,734 $ - $ - $ - $ 1,734 Commercial loans Risk Rating: Pass $ 48,352 $ 161,203 $ 334,416 $ 180,628 $ 124,855 $ 356,822 $ 97,903 $ 1,304,179 Special Mention - - 6,358 915 - 4,161 395 11,829 Substandard - - - 2 10 2,188 - 2,200 Total commercial loans $ 48,352 $ 161,203 $ 340,774 $ 181,545 $ 124,865 $ 363,171 $ 98,298 $ 1,318,208 Commercial loans Current-period gross writeoffs $ - $ - $ - $ 138 $ - $ 98 $ - $ 236 Residential mortgage loans Risk Rating: Performing $ 41,911 $ 82,249 $ 241,579 $ 68,543 $ 47,895 $ 137,430 $ - $ 619,607 Nonperforming - - 1,358 2,982 259 743 - 5,342 Total residential mortgage loans $ 41,911 $ 82,249 $ 242,937 $ 71,525 $ 48,154 $ 138,173 $ - $ 624,949 Consumer loans Risk Rating: Performing $ 3,357 $ 2,883 $ 4,169 $ 2,445 $ 606 $ 10,935 $ 44,770 $ 69,165 Nonperforming - - - - 115 - - 115 Total consumer loans $ 3,357 $ 2,883 $ 4,169 $ 2,445 $ 721 $ 10,935 $ 44,770 $ 69,280 Consumer loans Current-period gross writeoffs $ - $ - $ 21 $ 49 $ - $ 130 $ - $ 200 Residential construction Risk Rating: Pass $ 11,687 $ 31,897 $ 49,974 $ 6,690 $ 1,161 $ 1,232 $ - $ 102,641 Substandard - - - - 547 - - 547 Total residential construction loans $ 11,687 $ 31,897 $ 49,974 $ 6,690 $ 1,708 $ 1,232 $ - $ 103,188 Residential construction Current-period gross writeoffs $ - $ - $ - $ - $ - $ 277 $ - $ 277 Total loans held for investment $ 106,575 $ 280,104 $ 646,137 $ 271,335 $ 181,874 $ 526,283 $ 143,068 $ 2,155,376 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 in-scope assets 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 June 30, 2024: Principal Payment Term (In thousands) Forgiveness Delay Extension SBA loans held for investment $ 4 $ 99 $ — Commercial loans Commercial & industrial — — 2,074 Commercial real estate — 2,619 — Residential mortgage loans — 1,036 — Consumer loans Home equity — — 2,309 Balance, June 30, 2024 $ 4 $ 3,754 $ 4,383 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 June 30, 2024 had a payment default during the period and all loans were current as of June 30, 2024.

Allowance for Credit Losses and

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments	6 Months Ended
	Jun. 30, 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 established 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 and six months ended June 30, 2024 and 2023: For the three months ended June 30, 2024 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Balance, beginning of period $ 1,209 $ 16,187 $ 6,394 $ 922 $ 1,368 $ 26,080 Charge-offs — (138) — (130) — (268) Recoveries 6 12 — 11 — 29 Net recoveries (charge-offs) 6 (126) — (119) — (239) Provision for (credit to) credit losses charged to expense 242 627 (181) 32 (454) 266 Balance, end of period $ 1,457 $ 16,688 $ 6,213 $ 835 $ 914 $ 26,107 For the three months ended June 30, 2023 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Balance, beginning of period $ 1,103 $ 15,299 $ 6,135 $ 1,022 $ 2,642 $ 26,201 Charge-offs — — — (225) (900) (1,125) Recoveries 15 96 — 24 — 135 Net recoveries (charge-offs) 15 96 — (201) (900) (990) Provision for (credit to) credit losses charged to expense 438 121 302 24 (108) 777 Balance, end of period $ 1,556 $ 15,516 $ 6,437 $ 845 $ 1,634 $ 25,988 For the six months ended June 30, 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 — (236) — (200) (277) (713) Recoveries 14 24 — 21 — 59 Net recoveries (charge-offs) 14 (212) — (179) (277) (654) Provision for (credit to) credit losses charged to expense 222 1,024 (316) (8) (15) 907 Balance, end of period $ 1,457 $ 16,688 $ 6,213 $ 835 $ 914 $ 26,107 For the six months ended June 30, 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) — — (345) (900) (1,358) Recoveries 15 367 — 36 — 418 Net (charge-offs) recoveries (98) 367 — (309) (900) (940) Provision for (credit to) credit losses charged to expense 616 (276) 611 63 (129) 885 Balance, end of period $ 1,556 $ 15,516 $ 6,437 $ 845 $ 1,634 $ 25,988 The following tables present loans and their related allowance for credit losses, by portfolio segment, as of June 30, 2024 and December 31, 2023: June 30, 2024 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Allowance for credit losses ending balance: Individually evaluated $ 683 $ 255 $ 286 $ — $ — $ 1,224 Collectively evaluated 774 16,433 5,927 835 914 24,883 Total $ 1,457 $ 16,688 $ 6,213 $ 835 $ 914 $ 26,107 Loan ending balances: Individually evaluated $ 3,813 $ 2,694 $ 5,336 $ 105 $ 547 $ 12,495 Collectively evaluated 35,938 1,315,514 619,613 69,175 102,641 2,142,881 Total $ 39,751 $ 1,318,208 $ 624,949 $ 69,280 $ 103,188 $ 2,155,376 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 June 30, 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”. Reserve for Debt Security Impairment The Company maintains a reserve for credit losses on AFS debt securities. Adjustments to the reserve are made through the provision for credit losses and applied to the reserve, which is classified in “Debt securities available for sale” on the balance sheet. At June 30, 2024, a $1.9 million reserve was reported, compared to $1.3 million at December 31, 2023. The Company maintains a reserve for credit losses on HTM debt securities at a level that management believes is adequate to absorb estimated probable losses. At June 30, 2024 and December 31, 2023, no reserve was reported on the balance sheet as these securities are either explicitly or implicitly guaranteed by the U.S. Government, are highly rated by major agencies and have a long history of no credit losses.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	6 Months Ended
Derivative Financial Instruments and Hedging Activities	Jun. 30, 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 June 30, 2024 and December 31, 2023, respectively is as follows: (In thousands, except percentages and years) June 30, 2024 December 31, 2023 Notional amount $ 20,000 $ 20,000 Fair value $ 614 $ 918 Weighted average pay rate 0.83 % 0.83 % Weighted average receive rate 5.61 % 5.27 % Weighted average maturity in years 0.69 1.57 Number of contracts 1 1 During the three and six months ended June 30, 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 June 30, 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 June 30, 2024 and 2023, respectively: For the three months ended June 30, For the six months ended June 30, (In thousands) 2024 2023 2024 2023 (Loss) gain recognized in OCI Gross of tax $ (191) $ 100 $ (304) $ (135) Net of tax (139) 71 (220) (96) Gain reclassified from AOCI into net income Gross of tax 238 219 476 418 Net of tax 168 156 338 299

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
Employee Benefit Plans	Jun. 30, 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 six months ended June 30, 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 (65,100) 15.99 Options forfeited — — Options expired — — Outstanding at June 30, 2024 406,032 $ 18.22 4.5 $ 4,606,659 Exercisable at June 30, 2024 406,032 $ 18.22 4.5 $ 4,606,659 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 June 30, 2024, 281,500 options and 345,850 shares of restricted stock have been awarded from the plans. In addition, 16,162 unvested options and 22,412 unvested shares of restricted stock were cancelled and returned to the plans leaving 405,799 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 six months ended June 30, 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 and six months ended June 30, 2024 and 2023: For the three months ended June 30, For the six months ended June 30, 2024 2023 2024 2023 Number of options exercised 6,000 13,734 65,100 50,935 Total intrinsic value of options exercised $ 39,961 $ 74,099 $ 804,862 $ 316,003 Cash received from options exercised $ 126,740 $ 244,991 $ 1,041,009 $ 998,885 Tax deduction realized from options $ 11,233 $ 22,292 $ 226,247 $ 95,069 The following table summarizes information about stock options outstanding and exercisable at June 30, 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 1.4 $ 9.63 58,000 $ 9.63 11.88-15.44 9,000 2.5 14.60 9,000 14.60 15.45-19.01 128,932 5.2 17.58 128,932 17.58 19.02-22.57 210,100 5.0 21.14 210,100 21.14 Total 406,032 4.5 $ 18.22 406,032 $ 18.22 FASB ASC Topic 718, “Compensation - Stock Compensation,” For the three months ended June 30, For the six months ended June 30, (In thousands) 2024 2023 2024 2023 Compensation expense $ — $ 79 $ 32 $ 164 Income tax benefit $ — $ 23 $ 9 $ 47 As of June 30, 2024, there was no unrecognized compensation costs related to nonvested share-based stock option compensation arrangements granted under the Company’s plans as all options were 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 six months ended June 30, 2024: Average grant Shares date fair value Nonvested restricted stock at December 31, 2023 164,634 $ 24.46 Granted 77,950 28.84 Cancelled (7,162) 26.83 Vested (45,500) 23.51 Nonvested restricted stock at June 30, 2024 189,922 $ 26.39 Restricted stock awards granted during the three and six months ended June 30, 2024 and 2023 were as follows: For the three months ended June 30, For the six months ended June 30, 2024 2023 2024 2023 Number of shares granted — 37,500 77,950 55,500 Average grant date fair value $ — $ 20.64 $ 28.84 $ 22.81 Compensation expense related to restricted stock for the three and six months ended June 30, 2024 and 2023 is detailed in the following table: For the three months ended June 30, For the six months ended June 30, (In thousands) 2024 2023 2024 2023 Compensation expense $ 450 $ 344 $ 894 $ 676 Income tax benefit $ 126 $ 100 $ 251 $ 195 As of June 30, 2024, there was approximately $4.3 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 2.8 years.

Regulatory Capital

Regulatory Capital	6 Months Ended
Regulatory Capital	Jun. 30, 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 risk weighted 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 risk weighted 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 June 30, 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 June 30, 2024 Total risk-based capital (to risk-weighted assets) Consolidated $ 310,599 15.05 % $ 165,147 8.00 % $ 206,434 10.00 % Bank 301,701 14.67 164,485 8.00 205,606 10.00 Common equity tier 1 (to risk-weighted assets) Consolidated 274,783 13.31 92,895 4.50 134,182 6.50 Bank 275,988 13.42 92,523 4.50 133,644 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 284,783 13.80 123,860 6.00 165,147 8.00 Bank 275,988 13.42 123,364 6.00 164,485 8.00 Tier 1 capital (to average total assets) Consolidated 284,783 11.67 97,579 4.00 121,974 5.00 Bank 275,988 11.35 97,235 4.00 121,543 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	6 Months Ended
Subsequent Events	Jun. 30, 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. On July 31, 2024, the Company announced a new stock repurchase plan. The approved plan allows the Company to repurchase up to 500 thousand shares upon exhausting the shares allowed to be repurchased in the 2023 Stock Repurchase Plan.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 9,454	$ 9,586	$ 9,700	$ 10,287	$ 19,040	$ 19,987

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 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

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 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 six months ended June 30, 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 withdrawal 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)	6 Months Ended
Net Income per Share (Tables)	Jun. 30, 2024
Net Income per Share
Reconciliation of Calculation of Basic and Diluted Income Per Share	For the three months ended June 30, For the six months ended June 30, (In thousands, except per share amounts) 2024 2023 2024 2023 Net income $ 9,454 $ 9,700 $ 19,040 $ 19,987 Weighted average common shares outstanding - Basic 10,016 10,103 10,072 10,319 Plus: Potential dilutive common stock equivalents 133 100 140 125 Weighted average common shares outstanding - Diluted 10,149 10,203 10,212 10,444 Net income per common share - Basic $ 0.94 $ 0.96 $ 1.89 $ 1.94 Net income per common share - Diluted 0.93 0.95 1.86 1.91 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive — 50 — —

Other Comprehensive (Loss) In_2

Other Comprehensive (Loss) Income (Tables)	6 Months Ended
Other Comprehensive (Loss) Income (Tables)	Jun. 30, 2024
Other Comprehensive (Loss) Income
Changes in Other Comprehensive (Loss) Income	For the three months ended June 30, 2024 Accumulated Net unrealized Net unrealized other losses on gains (losses) from comprehensive (In thousands) securities cash flow hedges loss Balance, beginning of period $ (3,442) $ 590 $ (2,852) Other comprehensive loss before reclassifications (89) (307) (396) Less amounts reclassified from accumulated other comprehensive loss — (168) (168) Period change (89) (139) (228) Balance, end of period $ (3,531) $ 451 $ (3,080) For the three months ended June 30, 2023 Net unrealized Accumulated Net unrealized gains other losses on from cash flow comprehensive (In thousands) securities hedges (loss) income Balance, beginning of period $ (4,115) $ 936 $ (3,179) Other comprehensive (loss) income before reclassifications (516) 228 (288) Less amounts reclassified from accumulated other comprehensive loss — 156 156 Period change (516) 72 (444) Balance, end of period $ (4,631) $ 1,008 $ (3,623) For the six months ended June 30, 2024 Net unrealized Accumulated Net unrealized gains (losses) other losses on from cash flow comprehensive (In thousands) securities hedges loss Balance, beginning of period $ (3,408) $ 671 $ (2,737) Other comprehensive loss before reclassifications (123) (558) (681) Less amounts reclassified from accumulated other comprehensive loss — (338) (338) Period change (123) (220) (343) Balance, end of period $ (3,531) $ 451 $ (3,080) For the six months ended June 30, 2023 Net unrealized Accumulated Net unrealized gains (losses) other losses on from cash flow comprehensive (In thousands) securities hedges loss Balance, beginning of period $ (4,381) $ 1,121 $ (3,260) Other comprehensive loss before reclassifications (250) (412) (662) Less amounts reclassified from accumulated other comprehensive loss — (299) (299) Period change (250) (113) (363) Balance, end of period $ (4,631) $ 1,008 $ (3,623)

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
Fair Value (Tables)	Jun. 30, 2024
Fair Value
Reconciliation of Level 3 Available for Sale Debt Securities Measured at Fair Value on Recurring Basis	Corporate debt & other securities For the six months ended (In thousands) June 30, 2024 June 30, 2023 Balance of Recurring Level 3 assets at January 1 $ 7,979 $ 4,675 Activity Unrealized holding losses on securities arising during the period (646) (344) Balance of recurring Level 3 assets at June 30 $ 7,333 $ 4,331
Balances of Assets Measured at Fair Value on Recurring Basis	The tables below present the balances of assets measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023: Fair Value Measurements at June 30, 2024 Quoted Prices in Assets 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 $ 14,537 $ — $ 14,537 $ — State and political subdivisions 346 — 346 — Residential mortgage-backed securities 12,959 — 12,959 — Corporate and other securities 71,239 — 63,906 7,333 Total debt securities available for sale $ 99,081 $ — $ 91,748 $ 7,333 Equity securities with readily determinable fair values $ 9,949 $ 9,949 $ — $ — Total equity securities $ 9,949 $ 9,949 $ — $ — Interest rate swap agreements $ 614 $ — $ 614 $ — Total swap agreements $ 614 $ — $ 614 $ — Fair value Measurements at December 31, 2023 Quoted Prices in Assets 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 June 30, 2024 Quoted Prices Significant in Active Other Significant Assets 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 $ 6,444 $ — $ — $ 6,444 Fair Value Measurements at December 31, 2023 Quoted Prices Significant in Active Other Significant Assets 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 June 30, 2024 and December 31, 2023: June 30, 2024 Carrying (In thousands) amount Level 1 Level 2 Level 3 Financial assets: Debt securities held to maturity $ 36,157 $ — $ 29,007 $ — SBA loans held for sale 15,159 — 16,118 — Loans, net of allowance for credit losses 2,129,269 — 2,026,813 6,444 Financial liabilities: Deposits 2,010,831 — 2,002,396 — Borrowed funds and subordinated debentures 285,108 — 284,509 — 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)	6 Months Ended
Securities (Tables)	Jun. 30, 2024
Securities
Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities	June 30, 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 $ 15,000 $ — $ (463) $ — $ 14,537 State and political subdivisions 377 — (31) — 346 Residential mortgage-backed securities 14,597 26 (1,664) — 12,959 Corporate and other securities 75,704 295 (2,831) (1,929) 71,239 Total debt securities available for sale $ 105,678 $ 321 $ (4,989) $ (1,929) $ 99,081 Held to maturity: U.S. Government sponsored entities $ 28,000 $ — $ (4,736) $ — $ 23,264 State and political subdivisions 1,203 68 — — 1,271 Residential mortgage-backed securities 6,954 — (2,482) — 4,472 Total debt securities held to maturity $ 36,157 $ 68 $ (7,218) $ — $ 29,007 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 $ 3,285 $ 3,155 Due after one year through five years 30,495 27,211 Due after five years through ten years 15,789 14,171 Due after ten years 41,512 41,585 Residential mortgage-backed securities 14,597 12,959 Total $ 105,678 $ 99,081 Held to maturity: Due in one year $ — $ — Due after one year through five years 3,000 2,910 Due after five years through ten years — — Due after ten years 26,203 21,625 Residential mortgage-backed securities 6,954 4,472 Total $ 36,157 $ 29,007
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 June 30, 2024 and December 31, 2023 are as follows: June 30, 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 $ — $ — $ 14,537 $ (463) $ 14,537 $ (463) State and political subdivisions — — 346 (31) 346 (31) Residential mortgage-backed securities — — 12,919 (1,664) 12,919 (1,664) Corporate and other securities 1,998 (2) 22,878 (2,829) 24,876 (2,831) Total $ 1,998 $ (2) $ 50,680 $ (4,987) $ 52,678 $ (4,989) Held to maturity: U.S. Government sponsored entities $ — $ — $ 23,264 $ (4,736) $ 23,264 $ (4,736) Residential mortgage-backed securities — $ — 4,472 (2,482) 4,472 (2,482) Total $ — $ — $ 27,736 $ (7,218) $ 27,736 $ (7,218) 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 and six months ended June 30, 2024 and 2023: For the three months ended June 30, For the six months ended June 30, (In thousands) 2024 2023 2024 2023 Net unrealized (losses) gains occurring during the period on equity securities $ (21) $ (164) $ 12 $ (709) Net gains recognized during the period on equity securities sold during the period 41 — 62 222 Gains (losses) recognized during the reporting period on equity securities $ 20 $ (164) $ 74 $ (487)

Loans (Tables)

Loans (Tables)	6 Months Ended
Loans (Tables)	Jun. 30, 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 June 30, 2024 and December 31, 2023: (In thousands) June 30, 2024 December 31, 2023 SBA loans held for investment $ 38,017 $ 38,584 SBA PPP loans 1,734 2,318 Commercial loans SBA 504 loans 39,195 33,669 Commercial & industrial 147,172 128,402 Commercial real estate 1,006,092 986,230 Commercial real estate construction 125,749 129,159 Residential mortgage loans 624,949 631,506 Consumer loans Home equity 65,065 67,037 Consumer other 4,215 5,639 Residential construction loans 103,188 131,277 Total loans held for investment $ 2,155,376 $ 2,153,821 SBA loans held for sale 15,159 18,242 Total loans $ 2,170,535 $ 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 June 30, 2024 and December 31, 2023: June 30, 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 $ 1,816 $ — $ — $ 3,813 $ 5,629 $ 32,388 $ 38,017 Commercial loans SBA 504 loans — — — — — 39,195 39,195 Commercial & industrial — 9 — 84 93 147,079 147,172 Commercial real estate 4,676 — 373 2,237 7,286 998,806 1,006,092 Commercial real estate construction — — — — — 125,749 125,749 Residential mortgage loans 16,610 3,729 — 5,336 25,675 599,274 624,949 Consumer loans Home equity — — — 105 105 64,960 65,065 Consumer other 44 53 — — 97 4,118 4,215 Residential construction loans 2,213 — — 547 2,760 100,428 103,188 Total loans held for investment, excluding SBA PPP 25,359 3,791 373 12,122 41,645 2,111,997 2,153,642 SBA loans held for sale — — — — — 15,159 15,159 Total loans, excluding SBA PPP $ 25,359 $ 3,791 $ 373 $ 12,122 $ 41,645 $ 2,127,156 $ 2,168,801 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	June 30, 2024 Unpaid Allowance for principal Recorded Credit Losses (In thousands) balance investment Allocated With no related allowance: SBA loans held for investment $ 360 $ 269 $ — Commercial loans Commercial & industrial 638 33 — Commercial real estate 3,300 2,120 — Total commercial loans 3,938 2,153 — Residential mortgage loans 1,753 1,753 — Consumer loans Home equity 115 105 — Total consumer loans 115 105 — Residential construction loans 547 547 — Total individually evaluated loans with no related allowance 6,713 4,827 — With an allowance: SBA loans held for investment 3,669 3,544 683 Commercial loans Commercial & industrial 129 51 51 Commercial real estate 490 490 204 Total commercial loans 619 541 255 Residential mortgage loans 3,614 3,583 286 Total individually evaluated loans with a related allowance 7,902 7,668 1,224 Total individually evaluated loans: SBA loans held for investment 4,029 3,813 683 Commercial loans Commercial & industrial 767 84 51 Commercial real estate 3,790 2,610 204 Total commercial loans 4,557 2,694 255 Residential mortgage loans 5,367 5,336 286 Consumer loans Home equity 115 105 — Total consumer loans 115 105 — Residential construction loans 547 547 — Total individually evaluated loans $ 14,615 $ 12,495 $ 1,224 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, June 30, 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 $ 1,268 $ 1,872 $ 5,222 $ 4,854 $ 5,727 $ 12,612 $ - $ 31,555 Special Mention - - 1,805 356 510 157 - 2,828 Substandard - - 1,256 2,186 189 3 - 3,634 Total SBA loans held for investment $ 1,268 $ 1,872 $ 8,283 $ 7,396 $ 6,426 $ 12,772 $ - $ 38,017 SBA PPP loans Risk Rating: Pass $ - $ - $ - $ 1,734 $ - $ - $ - $ 1,734 Total SBA PPP loans $ - $ - $ - $ 1,734 $ - $ - $ - $ 1,734 Commercial loans Risk Rating: Pass $ 48,352 $ 161,203 $ 334,416 $ 180,628 $ 124,855 $ 356,822 $ 97,903 $ 1,304,179 Special Mention - - 6,358 915 - 4,161 395 11,829 Substandard - - - 2 10 2,188 - 2,200 Total commercial loans $ 48,352 $ 161,203 $ 340,774 $ 181,545 $ 124,865 $ 363,171 $ 98,298 $ 1,318,208 Commercial loans Current-period gross writeoffs $ - $ - $ - $ 138 $ - $ 98 $ - $ 236 Residential mortgage loans Risk Rating: Performing $ 41,911 $ 82,249 $ 241,579 $ 68,543 $ 47,895 $ 137,430 $ - $ 619,607 Nonperforming - - 1,358 2,982 259 743 - 5,342 Total residential mortgage loans $ 41,911 $ 82,249 $ 242,937 $ 71,525 $ 48,154 $ 138,173 $ - $ 624,949 Consumer loans Risk Rating: Performing $ 3,357 $ 2,883 $ 4,169 $ 2,445 $ 606 $ 10,935 $ 44,770 $ 69,165 Nonperforming - - - - 115 - - 115 Total consumer loans $ 3,357 $ 2,883 $ 4,169 $ 2,445 $ 721 $ 10,935 $ 44,770 $ 69,280 Consumer loans Current-period gross writeoffs $ - $ - $ 21 $ 49 $ - $ 130 $ - $ 200 Residential construction Risk Rating: Pass $ 11,687 $ 31,897 $ 49,974 $ 6,690 $ 1,161 $ 1,232 $ - $ 102,641 Substandard - - - - 547 - - 547 Total residential construction loans $ 11,687 $ 31,897 $ 49,974 $ 6,690 $ 1,708 $ 1,232 $ - $ 103,188 Residential construction Current-period gross writeoffs $ - $ - $ - $ - $ - $ 277 $ - $ 277 Total loans held for investment $ 106,575 $ 280,104 $ 646,137 $ 271,335 $ 181,874 $ 526,283 $ 143,068 $ 2,155,376 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 June 30, 2024: Principal Payment Term (In thousands) Forgiveness Delay Extension SBA loans held for investment $ 4 $ 99 $ — Commercial loans Commercial & industrial — — 2,074 Commercial real estate — 2,619 — Residential mortgage loans — 1,036 — Consumer loans Home equity — — 2,309 Balance, June 30, 2024 $ 4 $ 3,754 $ 4,383

Allowance for Credit Losses a_2

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments (Tables)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2024 and 2023: For the three months ended June 30, 2024 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Balance, beginning of period $ 1,209 $ 16,187 $ 6,394 $ 922 $ 1,368 $ 26,080 Charge-offs — (138) — (130) — (268) Recoveries 6 12 — 11 — 29 Net recoveries (charge-offs) 6 (126) — (119) — (239) Provision for (credit to) credit losses charged to expense 242 627 (181) 32 (454) 266 Balance, end of period $ 1,457 $ 16,688 $ 6,213 $ 835 $ 914 $ 26,107 For the three months ended June 30, 2023 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Balance, beginning of period $ 1,103 $ 15,299 $ 6,135 $ 1,022 $ 2,642 $ 26,201 Charge-offs — — — (225) (900) (1,125) Recoveries 15 96 — 24 — 135 Net recoveries (charge-offs) 15 96 — (201) (900) (990) Provision for (credit to) credit losses charged to expense 438 121 302 24 (108) 777 Balance, end of period $ 1,556 $ 15,516 $ 6,437 $ 845 $ 1,634 $ 25,988 For the six months ended June 30, 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 — (236) — (200) (277) (713) Recoveries 14 24 — 21 — 59 Net recoveries (charge-offs) 14 (212) — (179) (277) (654) Provision for (credit to) credit losses charged to expense 222 1,024 (316) (8) (15) 907 Balance, end of period $ 1,457 $ 16,688 $ 6,213 $ 835 $ 914 $ 26,107 For the six months ended June 30, 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) — — (345) (900) (1,358) Recoveries 15 367 — 36 — 418 Net (charge-offs) recoveries (98) 367 — (309) (900) (940) Provision for (credit to) credit losses charged to expense 616 (276) 611 63 (129) 885 Balance, end of period $ 1,556 $ 15,516 $ 6,437 $ 845 $ 1,634 $ 25,988
Allowance for Credit Losses on Financing Receivables	The following tables present loans and their related allowance for credit losses, by portfolio segment, as of June 30, 2024 and December 31, 2023: June 30, 2024 SBA Residential (In thousands) Held for Investment Commercial Residential Consumer construction Total Allowance for credit losses ending balance: Individually evaluated $ 683 $ 255 $ 286 $ — $ — $ 1,224 Collectively evaluated 774 16,433 5,927 835 914 24,883 Total $ 1,457 $ 16,688 $ 6,213 $ 835 $ 914 $ 26,107 Loan ending balances: Individually evaluated $ 3,813 $ 2,694 $ 5,336 $ 105 $ 547 $ 12,495 Collectively evaluated 35,938 1,315,514 619,613 69,175 102,641 2,142,881 Total $ 39,751 $ 1,318,208 $ 624,949 $ 69,280 $ 103,188 $ 2,155,376 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)	6 Months Ended
	Jun. 30, 2024
Derivative Financial Instruments and Hedging Activities
Summary of Interest Rate Swaps	(In thousands, except percentages and years) June 30, 2024 December 31, 2023 Notional amount $ 20,000 $ 20,000 Fair value $ 614 $ 918 Weighted average pay rate 0.83 % 0.83 % Weighted average receive rate 5.61 % 5.27 % Weighted average maturity in years 0.69 1.57 Number of contracts 1 1
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	For the three months ended June 30, For the six months ended June 30, (In thousands) 2024 2023 2024 2023 (Loss) gain recognized in OCI Gross of tax $ (191) $ 100 $ (304) $ (135) Net of tax (139) 71 (220) (96) Gain reclassified from AOCI into net income Gross of tax 238 219 476 418 Net of tax 168 156 338 299

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
Employee Benefit Plans (Tables)	Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award
Schedule of 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 (65,100) 15.99 Options forfeited — — Options expired — — Outstanding at June 30, 2024 406,032 $ 18.22 4.5 $ 4,606,659 Exercisable at June 30, 2024 406,032 $ 18.22 4.5 $ 4,606,659
Schedule of Information About Options Exercised	For the three months ended June 30, For the six months ended June 30, 2024 2023 2024 2023 Number of options exercised 6,000 13,734 65,100 50,935 Total intrinsic value of options exercised $ 39,961 $ 74,099 $ 804,862 $ 316,003 Cash received from options exercised $ 126,740 $ 244,991 $ 1,041,009 $ 998,885 Tax deduction realized from options $ 11,233 $ 22,292 $ 226,247 $ 95,069
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 1.4 $ 9.63 58,000 $ 9.63 11.88-15.44 9,000 2.5 14.60 9,000 14.60 15.45-19.01 128,932 5.2 17.58 128,932 17.58 19.02-22.57 210,100 5.0 21.14 210,100 21.14 Total 406,032 4.5 $ 18.22 406,032 $ 18.22
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 (7,162) 26.83 Vested (45,500) 23.51 Nonvested restricted stock at June 30, 2024 189,922 $ 26.39
Schedule of Restricted Stock Grants	For the three months ended June 30, For the six months ended June 30, 2024 2023 2024 2023 Number of shares granted — 37,500 77,950 55,500 Average grant date fair value $ — $ 20.64 $ 28.84 $ 22.81
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Schedule of allocation of Share-based Compensation Costs	For the three months ended June 30, For the six months ended June 30, (In thousands) 2024 2023 2024 2023 Compensation expense $ — $ 79 $ 32 $ 164 Income tax benefit $ — $ 23 $ 9 $ 47
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Schedule of allocation of Share-based Compensation Costs	For the three months ended June 30, For the six months ended June 30, (In thousands) 2024 2023 2024 2023 Compensation expense $ 450 $ 344 $ 894 $ 676 Income tax benefit $ 126 $ 100 $ 251 $ 195

Regulatory Capital (Tables)

Regulatory Capital (Tables)	6 Months Ended
Regulatory Capital (Tables)	Jun. 30, 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 June 30, 2024 Total risk-based capital (to risk-weighted assets) Consolidated $ 310,599 15.05 % $ 165,147 8.00 % $ 206,434 10.00 % Bank 301,701 14.67 164,485 8.00 205,606 10.00 Common equity tier 1 (to risk-weighted assets) Consolidated 274,783 13.31 92,895 4.50 134,182 6.50 Bank 275,988 13.42 92,523 4.50 133,644 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 284,783 13.80 123,860 6.00 165,147 8.00 Bank 275,988 13.42 123,364 6.00 164,485 8.00 Tier 1 capital (to average total assets) Consolidated 284,783 11.67 97,579 4.00 121,974 5.00 Bank 275,988 11.35 97,235 4.00 121,543 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				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Income per Share
Net income	$ 9,454	$ 9,586	$ 9,700	$ 10,287	$ 19,040	$ 19,987
Weighted average common shares outstanding - Basic (in shares)	10,016		10,103		10,072	10,319
Plus: Potential dilutive common stock equivalents (in shares)	133		100		140	125
Weighted average common shares outstanding - Diluted (in shares)	10,149		10,203		10,212	10,444
Net income per common share - Basic (in dollars per share)	$ 0.94		$ 0.96		$ 1.89	$ 1.94
Net income per common share - Diluted (in dollars per share)	$ 0.93		$ 0.95		$ 1.86	$ 1.91
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive (in shares)			50

Other Comprehensive (Loss) In_3

Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 266,761	$ 261,430	$ 240,459	$ 239,227	$ 261,430	$ 239,227
Period change	(228)	(115)	(444)	81	(343)	(363)
Ending balance	273,395	266,761	244,073	240,459	273,395	244,073
Net unrealized losses on securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(3,442)	(3,408)	(4,115)	(4,381)	(3,408)	(4,381)
Other comprehensive (loss) income before reclassifications	(89)		(516)		(123)	(250)
Period change	(89)		(516)		(123)	(250)
Ending balance	(3,531)	(3,442)	(4,631)	(4,115)	(3,531)	(4,631)
Net unrealized gains (losses) from cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	590	671	936	1,121	671	1,121
Other comprehensive (loss) income before reclassifications	(307)		228		(558)	(412)
Less amounts reclassified from accumulated other comprehensive loss	(168)		156		(338)	(299)
Period change	(139)		72		(220)	(113)
Ending balance	451	590	1,008	936	451	1,008
Accumulated other comprehensive (loss) income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(2,852)	(2,737)	(3,179)	(3,260)	(2,737)	(3,260)
Other comprehensive (loss) income before reclassifications	(396)		(288)		(681)	(662)
Less amounts reclassified from accumulated other comprehensive loss	(168)		156		(338)	(299)
Period change	(228)	(115)	(444)	81	(343)	(363)
Ending balance	$ (3,080)	$ (2,852)	$ (3,623)	$ (3,179)	$ (3,080)	$ (3,623)

Fair Value - Fair Value on Recu

Fair Value - Fair Value on Recurring Basis - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value
Available of sale at fair value	$ 99,081	$ 91,765
Equity securities	9,949	7,802
Valuation allowance	$ 1,224	$ 995

Fair Value - Available for Sale

Fair Value - Available for Sale Debt Securities (Details) - Corporate debt & other securities - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair value on a recurring basis
Balance at beginning of period	$ 7,979	$ 4,675
Unrealized holding losses on securities arising during the period	(646)	(344)
Balance at end of period	$ 7,333	$ 4,331

Fair Value - Assets Measured at

Fair Value - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	$ 99,081	$ 91,765
Equity securities	9,949	7,802
U.S. Government sponsored entities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	14,537	16,033
State and political subdivisions
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	346	360
Residential mortgage-backed securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	12,959	14,077
Corporate and other securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	71,239	61,295
Recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	99,081	91,765
Equity securities	9,949	7,802
Swap agreements	614	918
Liabilities measured at fair value	0	0
Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Equity securities	9,949	7,802
Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	91,748	83,786
Swap agreements	614	918
Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	7,333	7,979
Recurring \| U.S. Government sponsored entities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	14,537	16,033
Recurring \| U.S. Government sponsored entities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	14,537	16,033
Recurring \| State and political subdivisions
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	346	360
Recurring \| State and political subdivisions \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	346	360
Recurring \| Residential mortgage-backed securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	12,959	14,077
Recurring \| Residential mortgage-backed securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	12,959	14,077
Recurring \| Corporate and other securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	71,239	61,295
Recurring \| Corporate and other securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	63,906	53,316
Recurring \| Corporate and other securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	7,333	7,979
Recurring \| Interest rate swap agreements
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Swap agreements	614	918
Recurring \| Interest rate swap agreements \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Swap agreements	$ 614	$ 918

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Subject to Fair Value Adjustments on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Collateral-dependent loans	$ 6,444	$ 4,755
Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Collateral-dependent loans	$ 6,444	$ 4,755

Fair Value - Carrying Amount an

Fair Value - Carrying Amount and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets:
Held to maturity, Fair Value	$ 29,007	$ 29,656
Level 2
Financial assets:
Held to maturity, Fair Value	29,007	29,656
SBA loans held for sale	16,118	19,175
Loans, net of allowance for credit losses	2,026,813	2,027,084
Financial liabilities:
Deposits	2,002,396	1,915,022
Borrowed funds and subordinated debentures	284,509	365,879
Level 3
Financial assets:
Loans, net of allowance for credit losses	6,444	4,755
Carrying amount
Financial assets:
Held to maturity, Fair Value	36,157	36,122
SBA loans held for sale	15,159	18,242
Loans, net of allowance for credit losses	2,129,269	2,127,967
Financial liabilities:
Deposits	2,010,831	1,924,140
Borrowed funds and subordinated debentures	$ 285,108	$ 366,748

Securities - Amortized Cost to

Securities - Amortized Cost to Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Available for sale:
Available for sale at amortized cost	$ 105,678	$ 105,678		$ 97,554
Gross unrealized gains	321	321		281
Gross unrealized losses	(4,989)	(4,989)		(4,787)
Allowance for credit losses	(1,929)	(1,929)		(1,283)
Available of sale at fair value	99,081	99,081		91,765
Held to maturity:
Held to maturity, Amortized cost	36,157	36,157		36,122
Gross unrealized gains	68	68		90
Gross unrealized losses	(7,218)	(7,218)		(6,556)
Estimated fair value	29,007	29,007		29,656
Provision for credit loss on AFS debt securities	646	646	$ 0
U.S. Government sponsored entities
Available for sale:
Available for sale at amortized cost	15,000	15,000		16,490
Gross unrealized losses	(463)	(463)		(457)
Available of sale at fair value	14,537	14,537		16,033
Held to maturity:
Held to maturity, Amortized cost	28,000	28,000		28,000
Gross unrealized losses	(4,736)	(4,736)		(4,419)
Estimated fair value	23,264	23,264		23,581
State and political subdivisions
Available for sale:
Available for sale at amortized cost	377	377		388
Gross unrealized losses	(31)	(31)		(28)
Available of sale at fair value	346	346		360
Held to maturity:
Held to maturity, Amortized cost	1,203	1,203		1,272
Gross unrealized gains	68	68		90
Estimated fair value	1,271	1,271		1,362
Residential mortgage-backed securities
Available for sale:
Available for sale at amortized cost	14,597	14,597		15,473
Gross unrealized gains	26	26		30
Gross unrealized losses	(1,664)	(1,664)		(1,426)
Available of sale at fair value	12,959	12,959		14,077
Held to maturity:
Held to maturity, Amortized cost	6,954	6,954		6,850
Gross unrealized losses	(2,482)	(2,482)		(2,137)
Estimated fair value	4,472	4,472		4,713
Corporate and other securities
Available for sale:
Available for sale at amortized cost	75,704	75,704		65,203
Gross unrealized gains	295	295		251
Gross unrealized losses	(2,831)	(2,831)		(2,876)
Allowance for credit losses	(1,929)	(1,929)		(1,283)
Available of sale at fair value	71,239	71,239		$ 61,295
Held to maturity:
Amount moved to non accrual status	5,000
Net carrying value	$ 3,100	$ 3,100

Securities - Securities by Cont

Securities - Securities by Contractual Maturity - Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available for sale at amortized cost
Due in one year	$ 3,285
Due after one year through five years	30,495
Due after five years through ten years	15,789
Due after ten years	41,512
Residential mortgage-backed securities	14,597
Available for sale at amortized cost	105,678	$ 97,554
Available for sale at fair value
Due in one year	3,155
Due after one year through five years	27,211
Due after five years through ten years	14,171
Due after ten years	41,585
Residential mortgage-backed securities	12,959
Available of sale at fair value	$ 99,081	$ 91,765

Securities - Securities by Co_2

Securities - Securities by Contractual Maturity - Held to Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Held to maturity at amortized cost
Due after one year through five years	$ 3,000
Due after ten years	26,203
Residential mortgage-backed securities	6,954
Held to maturity, Amortized cost	36,157	$ 36,122
Held to maturity at fair value
Due after one year through five years	2,910
Due after ten years	21,625
Residential mortgage-backed securities	4,472
Held to maturity, Fair Value	$ 29,007	$ 29,656

Securities - Securities in Unre

Securities - Securities in Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available for sale:
Available for sale, Less than 12 months, Estimated fair value	$ 1,998
Available for sale, Less than 12 months, Unrealized loss	(2)
Available for sale, 12 months and greater, Estimated fair value	50,680	$ 85,169
Available for sale, 12 Months and greater Unrealized loss	(4,987)	(4,787)
Available for sale, Estimated fair value	52,678	85,169
Available for sale, Unrealized loss	(4,989)	(4,787)
Held to maturity:
Held to maturity, 12 months and greater, Estimated fair value	27,736	28,294
Held to maturity, 12 months and greater, Unrealized loss	(7,218)	(6,556)
Held to maturity, Total Estimated fair value	27,736	28,294
Held to maturity, Total Unrealized loss	$ (7,218)	(6,556)
Securities
Held to maturity:
Financing Receivable, Practical Expedient, Accrued Interest Exclusion [true false]	true
Accrued interest on securities	$ 1,300	1,500
U.S. Government sponsored entities
Available for sale:
Available for sale, 12 months and greater, Estimated fair value	14,537	16,033
Available for sale, 12 Months and greater Unrealized loss	(463)	(457)
Available for sale, Estimated fair value	14,537	16,033
Available for sale, Unrealized loss	(463)	(457)
Held to maturity:
Held to maturity, 12 months and greater, Estimated fair value	23,264	23,581
Held to maturity, 12 months and greater, Unrealized loss	(4,736)	(4,419)
Held to maturity, Total Estimated fair value	23,264	23,581
Held to maturity, Total Unrealized loss	(4,736)	(4,419)
State and political subdivisions
Available for sale:
Available for sale, 12 months and greater, Estimated fair value	346	360
Available for sale, 12 Months and greater Unrealized loss	(31)	(28)
Available for sale, Estimated fair value	346	360
Available for sale, Unrealized loss	(31)	(28)
Residential mortgage-backed securities
Available for sale:
Available for sale, 12 months and greater, Estimated fair value	12,919	13,949
Available for sale, 12 Months and greater Unrealized loss	(1,664)	(1,426)
Available for sale, Estimated fair value	12,919	13,949
Available for sale, Unrealized loss	(1,664)	(1,426)
Held to maturity:
Held to maturity, 12 months and greater, Estimated fair value	4,472	4,713
Held to maturity, 12 months and greater, Unrealized loss	(2,482)	(2,137)
Held to maturity, Total Estimated fair value	4,472	4,713
Held to maturity, Total Unrealized loss	(2,482)	(2,137)
Corporate and other securities
Available for sale:
Available for sale, Less than 12 months, Estimated fair value	1,998
Available for sale, Less than 12 months, Unrealized loss	(2)
Available for sale, 12 months and greater, Estimated fair value	22,878	54,827
Available for sale, 12 Months and greater Unrealized loss	(2,829)	(2,876)
Available for sale, Estimated fair value	24,876	54,827
Available for sale, Unrealized loss	$ (2,831)	$ (2,876)

Securities - Realized Gains (Lo

Securities - Realized Gains (Losses) for Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Available for sale:
Realized gains or losses	$ 0	$ 0	$ 0	$ 0
Held to maturity:
Realized gains	0	0	0	0
Realized losses	$ 0	$ 0	$ 0	$ 0

Securities - Realized an Unreal

Securities - Realized an Unrealized Gains (Losses) for Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Securities
Net unrealized gains (losses) occurring during the period on equity securities	$ (21)	$ (164)	$ 12	$ (709)
Net gains recognized during the period on equity securities sold during the period	41		62	222
Gains (losses) recognized during the reporting period on equity securities	$ 20	$ (164)	$ 74	$ (487)

Loans - Narrative (Details)

Loans - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
Loans - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Prepaid expenses and other assets	$ 23,094	$ 10,951
Loans
Financing Receivable, Practical Expedient, Accrued Interest Exclusion [true false]	true
Accrued interest on loans	$ 11,700	$ 11,700
Maximum
Guarantee percentage of SBA Loan	90%

Loans - Classification of Loans

Loans - Classification of Loans by Class (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 2,170,535	$ 2,172,063
SBA loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	38,017	38,584
SBA PPP loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,734	2,318
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,318,208	1,277,460
Commercial loans \| SBA 504 loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	39,195	33,669
Commercial loans \| Commercial & industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	147,172	128,402
Commercial loans \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,006,092	986,230
Commercial loans \| Commercial real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	125,749	129,159
Residential mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	624,949	631,506
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	69,280	72,676
Consumer loans \| Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	65,065	67,037
Consumer loans \| Consumer other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	4,215	5,639
Residential construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	103,188	131,277
Total loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	2,155,376	2,153,821
SBA loans held for sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 15,159	$ 18,242

Loans - Aging Analysis of Past

Loans - Aging Analysis of Past Due and Nonaccrual Loans by Class (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 2,170,535	$ 2,172,063
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	38,017	38,584
Total loans	38,017	38,584
SBA loans held for investment \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	1,816	551
SBA loans held for investment \| 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		185
SBA loans held for investment \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,813	3,444
SBA loans held for investment \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	5,629	4,180
SBA loans held for investment \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	32,388	34,404
SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,734	2,318
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,318,208	1,277,460
Commercial loans \| SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	39,195	33,669
Total loans	39,195	33,669
Commercial loans \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	147,172	128,402
Total loans	147,172	128,402
Commercial loans \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	1,006,092	986,230
Total loans	1,006,092	986,230
Commercial loans \| Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	125,749	129,159
Total loans	125,749	129,159
Commercial loans \| 30-59 days past due \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		288
Commercial loans \| 30-59 days past due \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	4,676	1,732
Commercial loans \| 60-89 days past due \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	9	78
Commercial loans \| 90 days and still accruing \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	373
Commercial loans \| Nonaccrual \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	84	283
Commercial loans \| Nonaccrual \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,237	1,665
Commercial loans \| Past Due \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	93	649
Commercial loans \| Past Due \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	7,286	3,397
Commercial loans \| Current \| SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	39,195	33,669
Commercial loans \| Current \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	147,079	127,753
Commercial loans \| Current \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	998,806	982,833
Commercial loans \| Current \| Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	125,749	129,159
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	624,949	631,506
Total loans	624,949	631,506
Residential mortgage loans \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	16,610	8,719
Residential mortgage loans \| 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,729	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	5,336	10,326
Residential mortgage loans \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	25,675	21,369
Residential mortgage loans \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	599,274	610,137
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	69,280	72,676
Consumer loans \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	65,065	67,037
Total loans	65,065	67,037
Consumer loans \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	4,215	5,639
Total loans	4,215	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	44	28
Consumer loans \| 60-89 days past due \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	53	55
Consumer loans \| Nonaccrual \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	105	381
Consumer loans \| Past Due \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	105	395
Consumer loans \| Past Due \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	97	83
Consumer loans \| Current \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	64,960	66,642
Consumer loans \| Current \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	4,118	5,556
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	103,188	131,277
Total loans	103,188	131,277
Residential construction loans \| 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,213	2,580
Residential construction loans \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	547	2,141
Residential construction loans \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,760	4,721
Residential construction loans \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	100,428	126,556
Total loans held for investment including PPP
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,155,376	2,153,821
Total loans held for investment excluding SBA PPP
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,153,642	2,151,503
Total loans	2,155,376	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	25,359	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	3,791	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	373	946
Total loans held for investment excluding SBA PPP \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	12,122	18,240
Total loans held for investment excluding SBA PPP \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	41,645	34,794
Total loans held for investment excluding SBA PPP \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,111,997	2,116,709
SBA loans held for sale
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	15,159	18,242
Total loans	15,159	18,242
SBA loans held for sale \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	15,159	18,242
Total loans excluding SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,168,801	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	25,359	13,912
Total loans excluding SBA PPP loans \| 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,791	1,696
Total loans excluding SBA PPP loans \| 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	373	946
Total loans excluding SBA PPP loans \| Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	12,122	18,240
Total loans excluding SBA PPP loans \| Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	41,645	34,794
Total loans excluding SBA PPP loans \| Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	$ 2,127,156	$ 2,134,951

Loans - Individually Evaluated

Loans - Individually Evaluated Loans with Associated Allowance (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Unpaid principal balance
With no related allowance	$ 6,713	$ 15,291
With an allowance	7,902	6,412
Total individually evaluated loans	14,615	21,703
Recorded investment
with no related allowance	4,827	13,443
with an allowance	7,668	5,750
Total individually evaluated loans	12,495	19,193
Valuation allowance	1,224	995
SBA loans held for investment
Unpaid principal balance
With no related allowance	360	2,264
With an allowance	3,669	1,383
Total individually evaluated loans	4,029	3,647
Recorded investment
with no related allowance	269	2,186
with an allowance	3,544	1,258
Total individually evaluated loans	3,813	3,444
Valuation allowance	683	348
Commercial loans
Unpaid principal balance
With no related allowance	3,938	2,734
With an allowance	619	847
Total individually evaluated loans	4,557	3,581
Recorded investment
with no related allowance	2,153	1,607
with an allowance	541	341
Total individually evaluated loans	2,694	1,948
Valuation allowance	255	341
Commercial loans \| Real Estate Loan [Member]
Unpaid principal balance
With no related allowance	3,300	2,734
With an allowance	490	209
Total individually evaluated loans	3,790	2,943
Recorded investment
with no related allowance	2,120	1,607
with an allowance	490	58
Total individually evaluated loans	2,610	1,665
Valuation allowance	204	58
Commercial loans \| Commercial & industrial
Unpaid principal balance
With no related allowance	638
With an allowance	129	638
Total individually evaluated loans	767	638
Recorded investment
with no related allowance	33
with an allowance	51	283
Total individually evaluated loans	84	283
Valuation allowance	51	283
Residential mortgage loans
Unpaid principal balance
With no related allowance	1,753	7,146
With an allowance	3,614	4,182
Total individually evaluated loans	5,367	11,328
Recorded investment
with no related allowance	1,753	7,121
with an allowance	3,583	4,151
Total individually evaluated loans	5,336	11,272
Valuation allowance	286	306
Consumer loans
Unpaid principal balance
With no related allowance	115	390
Total individually evaluated loans		390
Recorded investment
with no related allowance	105	388
Total individually evaluated loans	105	388
Consumer loans \| Home equity [Member]
Unpaid principal balance
With no related allowance	115	390
Total individually evaluated loans	115	390
Recorded investment
with no related allowance	105	388
Total individually evaluated loans	105	388
Residential construction loans
Unpaid principal balance
With no related allowance	547	2,757
Total individually evaluated loans	547	2,757
Recorded investment
with no related allowance	547	2,141
Total individually evaluated loans	$ 547	$ 2,141

Loans - Risk by Loan Portfolio

Loans - Risk by Loan Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 2,170,535		$ 2,170,535		$ 2,172,063
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	2,170,535		2,170,535		2,172,063
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total loans	268	$ 1,125	713	$ 1,358
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	38,017		38,017		38,584
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	1,268		1,268		1,938
One Year Prior to Current Year	1,872		1,872		8,360
Two Years Prior to Current Year	8,283		8,283		7,265
Three Years Prior to Current Year	7,396		7,396		6,783
Four Years Prior to Current Year	6,426		6,426		2,634
Five Years Prior to Current Year and Earlier	12,772		12,772		11,604
Total Loans	38,017		38,017		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	1,734		1,734		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	1,734		1,734
Total Loans	1,734		1,734		2,318
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,318,208		1,318,208		1,277,460
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	48,352		48,352		139,622
One Year Prior to Current Year	161,203		161,203		343,755
Two Years Prior to Current Year	340,774		340,774		183,293
Three Years Prior to Current Year	181,545		181,545		128,179
Four Years Prior to Current Year	124,865		124,865		103,132
Five Years Prior to Current Year and Earlier	363,171		363,171		282,096
Revolving Loans Amortized Cost Basis	98,298		98,298		97,383
Total Loans	1,318,208		1,318,208		1,277,460
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Two Years Prior to Current Year					150
Three Years Prior to Current Year			138
Four Years Prior to Current Year					350
Five Years Prior to Current Year and Earlier			98		252
Total loans	138		236		752
Commercial loans \| Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,006,092		1,006,092		986,230
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	1,006,092		1,006,092		986,230
Commercial loans \| Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	125,749		125,749		129,159
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	125,749		125,749		129,159
Commercial loans \| Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	147,172		147,172		128,402
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	147,172		147,172		128,402
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	624,949		624,949		631,506
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	41,911		41,911		102,892
One Year Prior to Current Year	82,249		82,249		256,883
Two Years Prior to Current Year	242,937		242,937		75,300
Three Years Prior to Current Year	71,525		71,525		53,053
Four Years Prior to Current Year	48,154		48,154		31,427
Five Years Prior to Current Year and Earlier	138,173		138,173		111,951
Total Loans	624,949		624,949		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	69,280		69,280		72,676
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	3,357		3,357		3,428
One Year Prior to Current Year	2,883		2,883		4,777
Two Years Prior to Current Year	4,169		4,169		3,681
Three Years Prior to Current Year	2,445		2,445		795
Four Years Prior to Current Year	721		721		2,481
Five Years Prior to Current Year and Earlier	10,935		10,935		7,763
Revolving Loans Amortized Cost Basis	44,770		44,770		49,751
Total Loans	69,280		69,280		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
Five Years Prior to Current Year and Earlier			130
Total loans	130	225	200	345	578
Consumer loans \| Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	65,065		65,065		67,037
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	65,065		65,065		67,037
Consumer loans \| Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,215		4,215		5,639
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	4,215		4,215		5,639
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	103,188		103,188		131,277
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	11,687		11,687		28,827
One Year Prior to Current Year	31,897		31,897		72,257
Two Years Prior to Current Year	49,974		49,974		25,395
Three Years Prior to Current Year	6,690		6,690		1,965
Four Years Prior to Current Year	1,708		1,708		491
Five Years Prior to Current Year and Earlier	1,232		1,232		2,342
Total Loans	103,188		103,188		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		$ 900	277	$ 900	1,000
Total loans held for investment including PPP
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,155,376		2,155,376		2,153,821
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	106,575		106,575		276,707
One Year Prior to Current Year	280,104		280,104		686,032
Two Years Prior to Current Year	646,137		646,137		297,252
Three Years Prior to Current Year	271,335		271,335		190,775
Four Years Prior to Current Year	181,874		181,874		140,165
Five Years Prior to Current Year and Earlier	526,283		526,283		415,756
Revolving Loans Amortized Cost Basis	143,068		143,068		147,134
Total Loans	2,155,376		2,155,376		2,153,821
Performing \| Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	619,607		619,607		621,180
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	41,911		41,911		102,892
One Year Prior to Current Year	82,249		82,249		253,919
Two Years Prior to Current Year	241,579		241,579		72,586
Three Years Prior to Current Year	68,543		68,543		51,999
Four Years Prior to Current Year	47,895		47,895		30,482
Five Years Prior to Current Year and Earlier	137,430		137,430		109,302
Total Loans	619,607		619,607		621,180
Performing \| Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	69,165		69,165		72,295
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	3,357		3,357		3,428
One Year Prior to Current Year	2,883		2,883		4,777
Two Years Prior to Current Year	4,169		4,169		3,681
Three Years Prior to Current Year	2,445		2,445		670
Four Years Prior to Current Year	606		606		2,481
Five Years Prior to Current Year and Earlier	10,935		10,935		7,507
Revolving Loans Amortized Cost Basis	44,770		44,770		49,751
Total Loans	69,165		69,165		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	5,342		5,342		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	1,358		1,358		2,714
Three Years Prior to Current Year	2,982		2,982		1,054
Four Years Prior to Current Year	259		259		945
Five Years Prior to Current Year and Earlier	743		743		2,649
Total Loans	5,342		5,342		10,326
Nonperforming \| Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	115		115		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	115		115
Five Years Prior to Current Year and Earlier					256
Total Loans	115		115		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	31,555		31,555		31,713
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	1,268		1,268		1,938
One Year Prior to Current Year	1,872		1,872		5,339
Two Years Prior to Current Year	5,222		5,222		4,723
Three Years Prior to Current Year	4,854		4,854		6,083
Four Years Prior to Current Year	5,727		5,727		2,634
Five Years Prior to Current Year and Earlier	12,612		12,612		10,996
Total Loans	31,555		31,555		31,713
Pass \| SBA PPP loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,734		1,734		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	1,734		1,734
Total Loans	1,734		1,734		2,318
Pass \| Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,304,179		1,304,179		1,262,692
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	48,352		48,352		139,622
One Year Prior to Current Year	161,203		161,203		343,755
Two Years Prior to Current Year	334,416		334,416		181,419
Three Years Prior to Current Year	180,628		180,628		128,165
Four Years Prior to Current Year	124,855		124,855		101,274
Five Years Prior to Current Year and Earlier	356,822		356,822		271,469
Revolving Loans Amortized Cost Basis	97,903		97,903		96,988
Total Loans	1,304,179		1,304,179		1,262,692
Pass \| Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	102,641		102,641
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	11,687		11,687
One Year Prior to Current Year	31,897		31,897
Two Years Prior to Current Year	49,974		49,974
Three Years Prior to Current Year	6,690		6,690
Four Years Prior to Current Year	1,161		1,161
Five Years Prior to Current Year and Earlier	1,232		1,232
Total Loans	102,641		102,641
Special mention \| SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,828		2,828		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	1,805		1,805		356
Three Years Prior to Current Year	356		356		510
Four Years Prior to Current Year	510		510
Five Years Prior to Current Year and Earlier	157		157		31
Total Loans	2,828		2,828		2,662
Special mention \| Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	11,829		11,829		11,203
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Two Years Prior to Current Year	6,358		6,358		1,815
Three Years Prior to Current Year	915		915
Four Years Prior to Current Year					1,570
Five Years Prior to Current Year and Earlier	4,161		4,161		7,423
Revolving Loans Amortized Cost Basis	395		395		395
Total Loans	11,829		11,829		11,203
Substandard \| SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,634		3,634		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		1,256		2,186
Three Years Prior to Current Year	2,186		2,186		190
Four Years Prior to Current Year	189		189
Five Years Prior to Current Year and Earlier	3		3		577
Total Loans	3,634		3,634		4,209
Substandard \| Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,200		2,200		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	2		2		14
Four Years Prior to Current Year	10		10		288
Five Years Prior to Current Year and Earlier	2,188		2,188		3,204
Total Loans	2,200		2,200		$ 3,565
Substandard \| Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	547		547
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Four Years Prior to Current Year	547		547
Total Loans	$ 547		$ 547

Loans - Disaggregated by class

Loans - Disaggregated by class of gross loans and type of concession granted (Details) $ in Thousands	12 Months Ended
	Jun. 30, 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	4
Principal Forgiveness \| SBA loans \| SBA loans held for investment
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	4
Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	3,754
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
Payment Delay \| Residential mortgage loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	1,036
Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	4,383
Term Extension \| Commercial & industrial \| Commercial loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	2,074
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		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 26,080	$ 26,201	$ 25,854	$ 25,196	$ 25,196
Charge-offs	(268)	(1,125)	(713)	(1,358)
Recoveries	29	135	59	418
Net recoveries (charge-offs)	(239)	(990)	(654)	(940)
Provision for (credit to) credit losses charged to expense	266	777	907	885
Balance, end of period	26,107	25,988	26,107	25,988	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	1,209	1,103	1,221	875	875
Charge-offs				(113)	(213)
Recoveries	6	15	14	15
Net recoveries (charge-offs)	6	15	14	(98)
Provision for (credit to) credit losses charged to expense	242	438	222	616
Balance, end of period	1,457	1,556	1,457	1,556	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	16,187	15,299	15,876	15,254	15,254
Charge-offs	(138)		(236)		(752)
Recoveries	12	96	24	367
Net recoveries (charge-offs)	(126)	96	(212)	367
Provision for (credit to) credit losses charged to expense	627	121	1,024	(276)
Balance, end of period	16,688	15,516	16,688	15,516	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	6,394	6,135	6,529	5,450	5,450
Charge-offs					(93)
Provision for (credit to) credit losses charged to expense	(181)	302	(316)	611
Balance, end of period	6,213	6,437	6,213	6,437	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	922	1,022	1,022	990	990
Charge-offs	(130)	(225)	(200)	(345)	(578)
Recoveries	11	24	21	36
Net recoveries (charge-offs)	(119)	(201)	(179)	(309)
Provision for (credit to) credit losses charged to expense	32	24	(8)	63
Balance, end of period	835	845	835	845	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	1,368	2,642	1,206	2,627	2,627
Charge-offs		(900)	(277)	(900)	(1,000)
Net recoveries (charge-offs)		(900)	(277)	(900)
Provision for (credit to) credit losses charged to expense	(454)	(108)	(15)	(129)
Balance, end of period	$ 914	$ 1,634	$ 914	1,634	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	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	$ 26,107	$ 26,080	$ 25,854	$ 25,988	$ 26,201	$ 25,196
Total Loans	2,170,535		2,172,063
SBA held for investment including PPP loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	683		348
Collectively evaluated for impairment	774		873
Total	1,457		1,221
Individually evaluated for impairment	3,813		3,444
Collectively evaluated for impairment	35,938		37,458
Total Loans	39,751		40,902
SBA loans held for investment
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	1,457	1,209	1,221	1,556	1,103	875
Total Loans	38,017		38,584
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	255		341
Collectively evaluated for impairment	16,433		15,535
Total	16,688	16,187	15,876	15,516	15,299	15,254
Individually evaluated for impairment	2,694		1,948
Collectively evaluated for impairment	1,315,514		1,275,512
Total Loans	1,318,208		1,277,460
Residential mortgage loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	286		306
Collectively evaluated for impairment	5,927		6,223
Total	6,213	6,394	6,529	6,437	6,135	5,450
Individually evaluated for impairment	5,336		11,272
Collectively evaluated for impairment	619,613		620,234
Total Loans	624,949		631,506
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment	835		1,022
Total	835	922	1,022	845	1,022	990
Individually evaluated for impairment	105		388
Collectively evaluated for impairment	69,175		72,288
Total Loans	69,280		72,676
Residential construction loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment	914		1,206
Total	914	$ 1,368	1,206	$ 1,634	$ 2,642	$ 2,627
Individually evaluated for impairment	547		2,141
Collectively evaluated for impairment	102,641		129,136
Total Loans	103,188		131,277
Total loans held for investment including PPP
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Loans	2,155,376		2,153,821
Total loans held for investment excluding SBA PPP
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	1,224		995
Collectively evaluated for impairment	24,883		24,859
Total	26,107		25,854
Individually evaluated for impairment	12,495		19,193
Collectively evaluated for impairment	2,142,881		2,134,628
Total Loans	$ 2,155,376		$ 2,153,821

Allowance for Credit Losses a_5

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Losses [Line Items]
Reserve for impairment	$ 1.9	$ 1.3
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	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) contract	Dec. 31, 2023 USD ($) contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 20,000	$ 20,000
Fair value	$ 614	$ 918
Weighted average pay rate	0.83%	0.83%
Weighted average receive rate	5.61%	5.27%
Weighted average maturity in years	8 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
(Loss) gain recognized in OCI Gross of tax	$ (191)	$ 100	$ (304)	$ (135)
(Loss) gain recognized in OCI Net of tax	(139)	71	(220)	(96)
Gain reclassified from AOCI into net income Gross of tax	238	219	476	418
Gain reclassified from AOCI into net income Net of tax	$ 168	$ 156	$ 338	$ 299

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($)	6 Months Ended
Employee Benefit Plans - Narrative (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 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	$ 4,300,000
Compensation cost recognition weighted average period	2 years 9 months 18 days
2023 Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in shares)	405,799
2023 Equity Compensation Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares authorized (in shares)			500,000
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	22,412

Employee Benefit Plans - Stock

Employee Benefit Plans - Stock Transactions - Stock Option Plans (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Shares
Options Outstanding, beginning shares (in shares)			471,132
Options granted (in shares)			0	0
Options exercised (in shares)	(6,000)	(13,734)	(65,100)	(50,935)
Options Outstanding, ending shares (in shares)	406,032		406,032		471,132
Shares Exercisable	406,032		406,032
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)			15.99
Weighted Average exercise Price: Options Outstanding, ending (in usd per share)	$ 18.22		18.22		$ 17.92
Weighted average exercise price, Options Exercisable (in dollars per share)	$ 18.22		$ 18.22
Weighted Average Remaining Contractual Life (in years): Options Outstanding			4 years 6 months		4 years 10 months 24 days
Weighted Average Remaining Contractual Life (in years): Options Exercisable			4 years 6 months
Aggregate Intrinsic Value: Options Outstanding	$ 4,606,659		$ 4,606,659		$ 5,500,080
Aggregate Intrinsic Value: Options Exercisable	$ 4,606,659		$ 4,606,659

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Information About Options Exercised (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Employee Benefit Plans
Number of options exercised	6,000	13,734	65,100	50,935
Total intrinsic value of options exercised	$ 39,961	$ 74,099	$ 804,862	$ 316,003
Cash received from options exercised	126,740	244,991	1,041,009	998,885
Tax deduction realized from options	$ 11,233	$ 22,292	$ 226,247	$ 95,069

Employee Benefit Plans - Stoc_2

Employee Benefit Plans - Stock Transactions - Stock Options Outstanding And Exercisable (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Options outstanding (in shares) \| shares	406,032
Options outstanding, Weighted average remaining contractual life (in years)	4 years 6 months
Options outstanding, Weighted average exercise price (in dollars per share)	$ 18.22
Options exercisable (in shares) \| shares	406,032
Options exercisable, Weighted average exercise price (in dollars per share)	$ 18.22
$8.31 - $11.87
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 4 months 24 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
$11.88 - $15.44
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 6 months
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
$15.45 - $19.01
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 2 months 12 days
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
$19.02 - $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	210,100
Options outstanding, Weighted average remaining contractual life (in years)	5 years
Options outstanding, Weighted average exercise price (in dollars per share)	$ 21.14
Options exercisable (in shares) \| shares	210,100
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense		$ 79	$ 32	$ 164
Income tax benefit		23	9	47
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 450	344	894	676
Income tax benefit	$ 126	$ 100	$ 251	$ 195

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Shares
Nonvested restricted stock, beginning balance (in shares)		164,634
Granted (in shares)	37,500	77,950	55,500
Cancelled (in shares)		(7,162)
Vested (in shares)		(45,500)
Nonvested restricted stock, ending balance (in shares)		189,922
Average grant date fair value
Nonvested restricted stock, beginning balance (in dollars per share)		$ 24.46
Granted (in dollars per share)	$ 20.64	28.84	$ 22.81
Cancelled (in dollars per share)		26.83
Vested (in dollars per share)		23.51
Nonvested restricted stock, ending balance (in dollars per share)		$ 26.39

Employee Benefit Plans - Stoc_3

Employee Benefit Plans - Stock Transactions - Restricted Stock Awards (Details) - Restricted Stock - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares granted (in shares)	37,500	77,950	55,500
Average grant date fair value (in usd per share)	$ 20.64	$ 28.84	$ 22.81

Regulatory Capital - Schedule o

Regulatory Capital - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) $ in Thousands	Jun. 30, 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	$ 310,599	$ 298,293
Total risk--based capital ratio	0.1505	0.1443
Total risk-based capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount	$ 165,147	$ 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	$ 206,434	$ 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	$ 274,783	$ 262,454
CET1, Required for capital adequacy purposes effective	0.1331	0.1270
CEIT 1, Required for Capital Adequacy Purposes, Amount, Actual	$ 92,895	$ 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	$ 134,182	$ 134,363
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0650	0.0650
Assets	$ 284,783	$ 272,454
Tier I risk-based capital ratio	0.1380	0.1318
Tier 1 capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 123,860	$ 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	$ 165,147	$ 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	$ 284,783	$ 272,454
Leverage ratio	0.1167	0.1114
Tier 1 capital (to average total assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 97,579	$ 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	$ 121,974	$ 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	$ 301,701	$ 287,206
Total risk--based capital ratio	0.1467	0.1402
Total risk-based capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount	$ 164,485	$ 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	$ 205,606	$ 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	$ 275,988	$ 261,584
CET1, Required for capital adequacy purposes effective	0.1342	0.1276
CEIT 1, Required for Capital Adequacy Purposes, Amount, Actual	$ 92,523	$ 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	$ 133,644	$ 133,178
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0650	0.0650
Assets	$ 275,988	$ 261,584
Tier I risk-based capital ratio	0.1342	0.1276
Tier 1 capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 123,364	$ 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	$ 164,485	$ 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	$ 275,988	$ 261,584
Leverage ratio	0.1135	0.1074
Tier 1 capital (to average total assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 97,235	$ 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	$ 121,543	$ 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

Subsequent Events (Details)

Subsequent Events (Details)	Jul. 31, 2024 shares
Subsequent Event \| 2024 Share Repurchase Plan
Subsequent Events
Share repurchase authorized to be repurchased (in shares)	500,000