Unity Bancorp (UNTY) 10-K 7 Mar 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 28, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Securities Act 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	908
Local Phone Number	730-7630
Title of 12(b) Security	Common stock
Trading Symbol	UNTY
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 212,072,602
Entity Common Stock, Shares Outstanding		10,057,597
Documents Incorporated by Reference [Text Block]	● Portions of Unity Bancorp’s Proxy Statement for the Annual Meeting of Shareholders to be filed no later than 120 days from December 31, 2024 are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0000920427
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	Wolf & Company, P.C.
Auditor Firm ID	392
Auditor Location	Boston, Massachusetts

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 20,206	$ 20,668
Interest-bearing deposits	160,232	174,108
Cash and cash equivalents	180,438	194,776
Securities:
Debt securities available for sale (net of valuation allowance of $2,824 as of December 31, 2024 and $1,283 as of December 31, 2023)	93,884	91,765
Debt securities held to maturity	41,294	36,122
Equity securities with readily determinable fair values	9,850	7,802
Total securities	145,028	135,689
Loans:
Total loans	2,260,657	2,172,063
Allowance for credit losses	(26,788)	(25,854)
Net loans	2,233,869	2,146,209
Premises and equipment, net	18,778	19,567
Bank owned life insurance ("BOLI")	25,773	25,230
Deferred tax assets	14,106	12,552
Federal Home Loan Bank ("FHLB") stock	12,507	18,435
Accrued interest receivable	12,691	13,582
Goodwill	1,516	1,516
Prepaid expenses and other assets	9,311	10,951
Total assets	2,654,017	2,578,507
Deposits:
Noninterest-bearing demand	440,803	419,636
Interest-bearing demand	321,780	313,352
Savings	491,175	565,088
Brokered deposits	217,931	199,667
Time deposits	628,624	426,397
Total deposits	2,100,313	1,924,140
Borrowed funds	220,504	356,438
Subordinated debentures	10,310	10,310
Accrued interest payable	1,702	1,924
Accrued expenses and other liabilities	25,605	24,265
Total liabilities	2,358,434	2,317,077
Shareholders' equity:
Preferred stock, no par value, 500 shares authorized, no shares issued and no shares outstanding as of December 31, 2024 and December 31, 2023
Common stock, no par value, 12,000 shares authorized, 11,616 shares issued and 10,026 shares outstanding as of December 31, 2024; 12,000 shares authorized, 11,424 shares issued and 10,063 shares outstanding as of December 31, 2023	103,936	100,426
Retained earnings	227,331	191,108
Treasury stock, at cost (1,590 shares as of December 31, 2024 and 1,361 shares as of December 31, 2023)	(33,577)	(27,367)
Accumulated other comprehensive loss	(2,107)	(2,737)
Total shareholders' equity	295,583	261,430
Total liabilities and shareholders' equity	2,654,017	2,578,507
SBA loans held for sale
Loans:
Total loans	12,163	18,242
SBA loans held for investment
Loans:
Total loans	36,859	38,584
Allowance for credit losses	(1,535)	(1,221)
SBA PPP loans
Loans:
Total loans	1,450	2,318
Commercial loans
Loans:
Total loans	1,411,629	1,277,460
Allowance for credit losses	(17,361)	(15,876)
Residential Portfolio Segment [Member]
Loans:
Total loans	630,927	631,506
Allowance for credit losses	(6,254)	(6,529)
Consumer Portfolio Segment [Member]
Loans:
Total loans	76,711	72,676
Allowance for credit losses	(775)	(1,022)
Residential construction loans
Loans:
Total loans	90,918	131,277
Allowance for credit losses	$ (863)	$ (1,206)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale
Allowance for credit losses for available for sale	$ 2,824	$ 1,283
Preferred Stock
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	12,000,000	12,000,000
Common stock, shares issued (in shares)	11,616,000	11,424,000
Common stock, shares outstanding (in shares)	10,026,000	10,063,000
Treasury Stock
Treasury stock, common, shares (in shares)	1,590,000	1,361,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
INTEREST INCOME
Interest-bearing deposits	$ 2,033	$ 1,724
FHLB stock	789	1,369
Securities:
Taxable	7,312	7,271
Tax-exempt	70	72
Total securities	7,382	7,343
Loans:
SBA loans	4,857	5,489
SBA PPP loans	30	137
Commercial loans	87,773	76,966
Residential mortgage loans	37,770	34,194
Consumer loans	5,607	5,742
Residential construction loans	9,497	10,530
Total loans	145,534	133,058
Total interest income	155,738	143,494
INTEREST EXPENSE
Interest-bearing demand deposits	7,176	5,227
Savings deposits	13,006	9,175
Brokered deposits	8,412	7,916
Time deposits	22,918	11,567
Borrowed funds and subordinated debentures	5,615	14,612
Total interest expense	57,127	48,497
Net interest income	98,611	94,997
Provision for credit losses, loans	2,407	1,832
Provision for credit losses, off-balance sheet	1	53
Provision for credit losses, AFS securities	1,541	1,283
Net interest income after provision for credit losses	94,662	91,829
NONINTEREST INCOME
Gain on sale of SBA loans held for sale, net	660	1,299
Gain on sale of mortgage loans, net	1,488	1,546
BOLI income	544	852
Net securities gains	586	7
Other income	1,635	1,513
Total noninterest income	8,469	8,142
NONINTEREST EXPENSE
Compensation and benefits	29,749	29,051
Processing and communications	3,473	2,994
Occupancy	3,184	3,087
Furniture and equipment	3,140	2,780
Professional services	1,683	1,563
Advertising	1,611	1,436
Loan related expenses	1,138	918
Deposit insurance	1,100	1,715
Director fees	956	847
Other expenses	2,707	2,585
Total noninterest expense	48,741	46,976
Income before provision for income taxes	54,390	52,995
Provision for income taxes	12,940	13,288
Net income	$ 41,450	$ 39,707
Net income per common share - Basic	$ 4.13	$ 3.89
Net income per common share - Diluted	$ 4.06	$ 3.84
Weighted average common shares outstanding - Basic	10,031	10,207
Weighted average common shares outstanding - Diluted	10,202	10,338
Branch fee income
NONINTEREST INCOME
Noninterest income	$ 1,391	$ 997
Service and loan fee income
NONINTEREST INCOME
Noninterest income	$ 2,165	$ 1,928

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Consolidated Statements of Comprehensive Income
Net income, before tax amount	$ 54,390	$ 52,995
Income tax expense (benefit)	12,940	13,288
Net income	41,450	39,707
Debt securities available for sale:
Unrealized holding gains on securities arising during the period, before tax	1,002	1,153
Unrealized holding gains on securities arising during the period, tax	247	283
Unrealized holding gains on securities arising during the period, net of tax	755	870
Less: reclassification adjustment for gains (losses) on securities included in net income, before tax		(136)
Less: reclassification adjustment for gains (losses) on securities included in net income, tax		(33)
Less: reclassification adjustment for gains (losses) on securities included in net income, net of tax		(103)
Total unrealized gains on securities available for sale, before tax	1,002	1,289
Total unrealized gains on securities available for sale, tax	247	316
Total unrealized gains on securities available for sale, net of tax	755	973
Net unrealized losses from cash flow hedges:
Unrealized holding losses on cash flow hedges arising during the period, before tax	(1,097)	(1,518)
Unrealized holding losses on cash flow hedges arising during the period, tax	(301)	(433)
Unrealized holding losses on cash flow hedges arising during the period, net of tax	(796)	(1,085)
Less: reclassification adjustment for losses on cash flow hedges included in net income, before tax	(925)	(899)
Less: reclassification adjustment for losses on cash flow hedges included in net income, tax	(254)	(264)
Less: reclassification adjustment for losses on cash flow hedges included in net income, net of tax	(671)	(635)
Total unrealized losses on cash flow hedges, before tax	(172)	(619)
Total unrealized losses on cash flow hedges, tax	(47)	(169)
Total unrealized losses on cash flow hedges, net of tax	(125)	(450)
Total other comprehensive income, before tax	830	670
Total other comprehensive income, tax	200	147
Total other comprehensive income, net of tax	630	523
Total comprehensive income, before tax	55,220	53,665
Total comprehensive income, tax	13,140	13,435
Total comprehensive income, net of tax	$ 42,080	$ 40,230

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands		Common Stock [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	[1]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock, Common [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	[1]	Total
Balance, beginning of period at Dec. 31, 2022		$ 97,204	$ (649)		$ 156,958	$ (3,260)	$ (11,675)	$ (649)		$ 239,227
Balance, beginning of period (in shares) at Dec. 31, 2022		10,584
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)					39,707					39,707
Other comprehensive income, net of tax						523				523
Dividends on common stock		$ 187			(4,908)					(4,721)
Dividends on common stock (in shares)		7
Share-based compensation	[2]	$ 3,035								3,035
Share-based compensation (in shares)	[2]	128
Treasury stock purchased, at cost							(15,692)			(15,692)
Treasury stock purchased, at cost (in shares)		(656)
Balance, end of period at Dec. 31, 2023		$ 100,426			191,108	(2,737)	(27,367)			$ 261,430
Balance, end of period (in shares) at Dec. 31, 2023		10,063								10,063
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)					41,450					$ 41,450
Other comprehensive income, net of tax						630				630
Dividends on common stock		$ 206			(5,227)					(5,021)
Dividends on common stock (in shares)		7
Share-based compensation	[2]	$ 3,304								3,304
Share-based compensation (in shares)	[2]	185
Treasury stock purchased, at cost							(6,210)			(6,210)
Treasury stock purchased, at cost (in shares)		(229)
Balance, end of period at Dec. 31, 2024		$ 103,936			$ 227,331	$ (2,107)	$ (33,577)			$ 295,583
Balance, end of period (in shares) at Dec. 31, 2024		10,026								10,026
[1] See further disclosure surrounding CECL transition in Note 1 to the Consolidated Financial Statements. 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Common Stock
Common stock, dividends, per share, cash paid (in dollars per share)	$ 0.52	$ 0.48

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
OPERATING ACTIVITIES:
Net income	$ 41,450	$ 39,707
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses, loans	2,407	1,832
Provision for credit losses, AFS securities	1,541	1,283
Net accretion of purchase premiums and discounts on securities	(256)	(264)
Depreciation and amortization, net	2,580	2,383
SBA PPP deferred fees and costs	(12)	(92)
Deferred income tax benefit	(1,747)	(87)
Net securities realized gains	(94)	(345)
Stock compensation expense	1,823	1,751
Gain on sale of mortgage loans, net	(1,488)	(1,546)
Gain on sale of SBA loans held for sale, net	(660)	(1,299)
BOLI income	(544)	(852)
Net change in other assets and liabilities	2,987	4,438
Net cash provided by operating activities	47,987	46,909
INVESTING ACTIVITIES:
Purchases of securities held to maturity	(5,000)	(100)
Purchase of equity securities	(2,247)	(126)
Purchases of securities available for sale	(10,500)	(650)
Proceeds from sale of FHLB stock, at cost	5,928	629
Maturities and principal payments on debt securities held to maturity	100
Maturities and principal payments on debt securities available for sale	7,824	4,286
Proceeds from sales of equity securities	785	2,166
Net decrease in SBA PPP loans	880	3,682
Net increase in loans	(89,890)	(69,177)
Proceeds from BOLI	0	2,398
Purchases of premises and equipment, net	(693)	(955)
Net cash used in investing activities	(92,813)	(57,847)
FINANCING ACTIVITIES:
Net increase in deposits	176,173	136,612
Repayments of short-term borrowings, net	(137,000)	(66,000)
Proceeds from long-term borrowings, net	1,066	39,438
Proceeds from exercise of stock options, net of withheld taxes	1,480	1,284
Cash dividends on common stock	(5,021)	(4,721)
Purchase of treasury stock	(6,210)	(15,692)
Net cash provided by financing activities	30,488	90,921
(Decrease) increase in cash and cash equivalents	(14,338)	79,983
Cash and cash equivalents, beginning of period	194,776	114,793
Cash and cash equivalents, end of period	180,438	194,776
SUPPLEMENTAL DISCLOSURES
Interest paid	57,349	47,264
Income taxes paid	14,074	13,216
Noncash investing activities:
Capitalization of servicing rights	$ 186	576
Transfer of loans to OREO		$ 251

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	1. Summary of 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”). All significant intercompany balances and transactions have been eliminated in consolidation. Unity Bancorp, Inc. is a financial holding company incorporated in New Jersey and registered under the Bank Holding Company Act of 1956, as amended. Its wholly-owned subsidiary, the Bank, is chartered by the New Jersey Department of Banking and Insurance. The Bank provides a full range of commercial and retail banking services through twenty-one branch offices located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren counties in New Jersey and Northampton County in Pennsylvania. These services include the acceptance of demand, savings and time deposits and the extension of consumer, real estate, SBA and other commercial credits. Unity Investment Services, Inc. is a wholly-owned subsidiary of Unity Bank and is used to hold and administer part of the Bank’s investment portfolio. Unity Investment Services, Inc. has one subsidiary, Unity Delaware Investment 2, Inc., which has three subsidiaries. Unity Strategic Investment I, Inc. and Unity Strategic Investment II, Inc. and Unity NJ REIT, Inc., which was formed in 2013 to hold real estate related loans. The Company has a wholly-owned subsidiary: Unity (NJ) Statutory Trust II. For additional information on Unity (NJ) Statutory Trust II, see Note 7 to the Consolidated Financial Statements. In 2023, the Company dissolved Unity Risk Management, Inc. which was the Company’s captive insurance company that insured risks to the Bank not insured by the traditional commercial insurance market. Use of Estimates in the Preparation of Financial Statements In preparing the consolidated financial statements in conformity with U.S. GAAP, Management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Balance Sheet and Statement of Income for the periods indicated. Amounts requiring the use of significant estimates include the allowance for credit losses. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and interest-bearing deposits. Restrictions on Cash In addition, the Company’s contract with its current electronic funds transfer provider requires a predetermined balance be maintained in a settlement account controlled by the provider equal to the Company’s average daily net settlement position multiplied by four days. The required balance was $262 thousand as of December 31, 2024 and 2023, respectively. This balance can be adjusted periodically to reflect actual transaction volume and seasonal factors. Securities The Company classifies its securities into three categories, debt securities available for sale (“AFS”), debt securities held to maturity (“HTM”) and equity securities with readily determinable fair values ("equity securities"). ​ Debt securities that are classified as available for sale are stated at fair value. Unrealized gains and losses on debt securities available for sale are excluded from results of operations and are reported in other comprehensive income, a separate component of shareholders’ equity, net of taxes. Debt securities classified as available for sale include debt securities that may be sold in response to changes in interest rates, changes in prepayment risks, for asset/liability management purposes or liquidity needs. The cost of debt securities sold is determined on a specific identification basis. Gains and losses on sales of debt securities are recognized in the Consolidated Statements of Income on a trade date basis. Debt securities are classified as held to maturity based on Management’s intent and ability to hold them to maturity. Such debt securities are stated at cost, adjusted for unamortized purchase premiums and discounts. For debt securities, purchase discounts are accreted using the interest method over the stated terms of the securities; whereas purchase premiums are amortized through the earliest call date. Equity securities are investments carried at fair value that may be sold in response to changing market and interest rate conditions or for other business purposes. Activity in this portfolio is undertaken primarily to manage liquidity and interest rate risk, to take advantage of market conditions that create economically attractive returns and as an additional source of earnings. Periodic net gains and losses on equity investments are recognized in the Consolidated Statements of Income as realized gains and losses. For additional information on securities, see Note 2 to the Consolidated Financial Statements. Valuation Allowance – Debt Securities The Company has a process in place to identify debt securities that could potentially incur credit impairment. This process involves monitoring late payments, pricing levels, downgrades by rating agencies, key financial ratios, financial statements, revenue forecasts and cash flow projections as indicators of credit issues. Management evaluates debt securities for impairment at least on a quarterly basis and more frequently when economic or market concern warrants such evaluation. This evaluation considers relevant facts and circumstances in evaluating whether there is credit or interest rate-related impairment of a security. The CECL standard requires credit losses on both HTM and AFS debt securities to be recognized through a valuation allowance instead of as a direct write-down to the amortized cost basis of the security. Management assesses its intent to sell and whether it is more likely than not that it will be required to sell a security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered impaired where Management has no intent to sell and the Company has no requirement to sell prior to recovery of its amortized cost basis, the amount of the impairment is separated into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings as provision expense and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the security’s fair value and the present value of future expected cash flows due to factors that are not credit related is recognized in other comprehensive income. For debt securities where Management has the intent to sell, the amount of the impairment is reflected in earnings as realized losses. The present value of expected future cash flows is determined using the best estimate cash flows discounted at the effective interest rate implicit to the security at the date of purchase or the current yield to accrete an asset-backed or floating rate security. The methodology and assumptions for establishing the best estimate cash flows vary depending on the type of security. The asset-backed securities cash flow estimates are based on bond specific facts and circumstances that may include collateral characteristics, expectations of delinquency and default rates, loss severity and prepayment speeds and structural support, including subordination and guarantees. The corporate bond cash flow estimates are derived from scenario-based outcomes of expected corporate restructurings or the disposition of assets using bond specific facts and circumstances including timing, security interests and loss severity. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies for available for sale and held to maturity securities. 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. The Company considers a debt security to be past due in terms of payment based on its contractual terms. A debt security may be placed on nonaccrual, with interest no longer recognized, when collectability of principal or interest is doubtful. A security may be partially or fully charged-off against the allowance if it is determined to be uncollectible. Recoveries of previously charged-off available for sale securities are recognized when received, while recoveries on held to maturity securities are recognized when expected. For additional information on the allowance for credit losses, see Note 4 to the Consolidated Financial Statements. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the Company; (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. During the normal course of business, the Company may transfer a portion of a financial asset, for example, a participation in a loan or the government guaranteed portion of a loan. In order to be eligible for sales treatment, the transfer of the portion of the loan must meet the criteria of a participating interest. If it does not meet the criteria of a participating interest, the transfer must be accounted for as a secured borrowing. In order to meet the criteria for a participating interest, all cash flows from the loan must be divided proportionately, the rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties and no loan holder has the right to pledge or exchange the entire loan. Loans Loans Held for Sale Loans held for sale represent the guaranteed portion of certain SBA loans, other than loans originated under the Paycheck Protection Program (“PPP”), that the Company has elected to hold for sale and are reflected at the lower of aggregate cost or market value. The Company originates loans to customers under an SBA program that historically has provided for SBA guarantees of up to 90 percent of each loan. The Company may sell the guaranteed portion of its SBA loans to a third party and retains the servicing, holding the nonguaranteed portion in its portfolio. The net amount of loan origination fees on loans sold is included in the carrying value and in the gain or loss on the sale. When sales of SBA loans do occur, the premium received on the sale and the present value of future cash flows of the servicing assets are recognized in income. All criteria for sale accounting must be met in order for the loan sales to occur; see details under the “Transfers of Financial Assets” heading above. Servicing assets represent the estimated fair value of retained servicing rights, net of servicing costs, at the time loans are sold. Servicing assets are amortized in proportion to, and over the period of, estimated net servicing revenues. Impairment is evaluated based on stratifying the underlying financial assets by date of origination and term. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Any impairment, if temporary, would generally be reported as a valuation allowance. Serviced loans sold to others are not included in the accompanying Consolidated Balance Sheets. Income and fees collected for loan servicing are credited to noninterest income when earned, net of amortization on the related servicing assets. For additional information on servicing assets, see Note 3 to the Consolidated Financial Statements. Loans Held for Investment Loans held for investment are stated at the unpaid principal balance, net of unearned discounts, deferred loan origination fees and costs and net charge-offs. In accordance with the level yield method, loan origination fees, net of direct loan origination costs, are deferred and recognized over the estimated life of the related loans as an adjustment to the loan yield. Interest is credited to operations primarily based upon the principal balance outstanding. Loans are reported as past due when either interest or principal is unpaid in the following circumstances: fixed payment loans when (i) the borrower is in arrears for two or more monthly payments; (ii) open end credit for two or more billing cycles or (iii) single payment notes if interest or principal remains unpaid for 30 days or more. Nonaccrual loans consist of loans that are not accruing interest as a result of principal or interest being delinquent for a period of 90 days or more or when the ability to collect principal and interest according to the contractual terms is in doubt (nonaccrual loans). When a loan is classified as nonaccrual, interest accruals are discontinued and all past due interest previously recognized as income is reversed and charged against current period earnings. Generally, until the loan becomes current, any payments received from the borrower are applied to outstanding principal until such time as Management determines that the financial condition of the borrower and other factors merit recognition of a portion of such payments as interest income. Loans may be returned to an accrual status when the ability to collect is reasonably assured or when the loan is brought current as to principal and interest. Loans are charged-off when collection is in doubt and when the Company can no longer justify maintaining the loan as an asset on the Consolidated Balance Sheet. Loans qualify for charge-off when, after thorough analysis, all possible sources of repayment are insufficient. These include: (i) potential future cash flows; (ii) value of collateral and/or (iii) strength of co-makers and guarantors. Additionally, all loans classified as a loss or that portion of the loan classified as a loss is charged-off, subject to government guarantee. All loan charge-offs are approved by Executive Management. For additional information on loans, see Note 3 to the Consolidated Financial Statements. Allowance for Credit Losses for Loans and Reserve for Unfunded Loan Commitments Effective January 1, 2023, the Company adopted the provisions of ASC 326 and modified its accounting policy for the allowance for credit losses on loans. The allowance for credit losses represents the estimated amount considered necessary to cover lifetime expected credit losses inherent in financial assets at the Balance Sheet date. The measurement of expected credit losses is applicable to loans receivable and securities measured at amortized cost. It also applies to off-balance sheet credit exposures such as loan commitments and unused lines of credit. The allowance is established through a provision for credit losses that is charged against income. The methodology for determining the allowance for credit losses is considered a critical accounting policy by Management because of the high degree of judgment involved, the subjectivity of the assumptions used and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded allowance for credit losses. ​ The allowance for credit losses is reported separately as a contra-asset on the Consolidated Balance Sheet. The expected credit losses for unfunded lending commitments and unfunded loan commitments is reported on the Consolidated Balance Sheet in Accrued expenses and other liabilities. ​ The allowance for credit losses on loans is deducted from the amortized cost basis of the loan to present the net amount expected to be collected. Expected losses are evaluated and calculated on a collective, or pooled, basis for those loans which share similar risk characteristics. At each reporting period, the Company evaluates whether loans within a pool continue to exhibit similar risk characteristics. If the risk characteristics of a loan change, such that they are no longer similar to other loans in the pool, the Company will evaluate the loan with a different pool of loans that share similar risk characteristics. If the loan does not share risk characteristics with other loans, the Company will evaluate the loan on an individual basis. The Company generally considers those loans for individual evaluation to be those on nonaccrual. Loans are charged off against the allowance for credit losses when the Company believes the balances to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off or expected to be charged-off. ​ The Company has chosen to segment its portfolio consistent with the manner in which it manages credit risk. Such segments include SBA, Commercial, Residential mortgage, Consumer and Residential construction. The Commercial segment is further sub-segmented into SBA 504, Commercial & industrial, Commercial real estate and Commercial construction. The Consumer segment is further bifurcated into Home equity and Consumer other. For most segments the Company calculates estimated credit losses using a weighted average remaining maturity methodology. ​ The Company estimates the allowance for credit losses on loans via a quantitative analysis which considers relevant available information from internal and external sources related to past events and current conditions, as well as the incorporation of reasonable and supportable forecasts. The Company evaluates a variety of factors including third party economic forecasts, industry trends and other available published economic information in arriving at its forecasts. After the reasonable and supportable forecast period, the Company reverts, after four quarters, on a straight-line basis over the following four quarters, to the historical average economic variables. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. ​ Also included in the allowance for credit losses on loans are qualitative reserves to cover losses that are expected but, in the Company’s assessment, may not be adequately represented in the quantitative analysis or the forecasts described above. Factors that the Company considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations and the volume and severity of past due loans and nonaccrual loans. ​ On a case-by-case basis, the Company may conclude that a loan should be evaluated on an individual basis based on its disparate risk characteristics. When the Company determines that a loan no longer shares similar risk characteristics with other loans in the portfolio, the allowance will be determined on an individual basis using the present value of expected cash flows or, for collateral-dependent loans, the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will record a provision for the difference between the fair value of the collateral, less costs to sell at the reporting date and the amortized cost basis of the loan. ​ The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancelable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. To determine the expected funding rate, the Company uses a historical utilization rate for each segment. There were no changes to the Company’s methodology for credit loss estimates during the year ended December 31, 2024. For additional information on the allowance for credit losses and reserve for unfunded loan commitments, see Note 4 to the Consolidated Financial Statements. Premises and Equipment, net Land is carried at cost. All other fixed assets are carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The useful life of buildings is not to exceed 30 years, furniture and fixtures is generally 10 years or less and equipment is 3 to 5 years. Leasehold For additional information on premises and equipment, see Note 5 to the Consolidated Financial Statements. Bank Owned Life Insurance The Company purchased life insurance policies on certain members of Management. Bank owned life insurance is recorded at its cash surrender value or the amount that can be realized and the appreciation and death benefits from Bank owned life insurance are not subject to income tax. Federal Home Loan Bank (“FHLB”) Stock Federal law requires a member institution of the Federal Home Loan Bank system to hold stock of its district FHLB according to a predetermined formula. The stock is carried at cost. Management reviews the stock for impairment based on the ultimate recoverability of the cost basis in the stock. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. Management considers such criteria as the significance of the decline in net assets, if any, of the FHLB, the length of time this situation has persisted, commitments by the FHLB to make payments required by law or regulation, the impact of legislative and regulatory changes on the customer base of the FHLB and the liquidity position of the FHLB. Accrued Interest Receivable Accrued interest receivable consists of amounts earned on investments and loans. The Company recognizes accrued interest receivable as it is earned. The Company is using the practical expedient to exclude accrued interest receivable from credit loss measurement. Other Real Estate Owned Other real estate owned (“OREO”) is recorded at the fair value, less estimated costs to sell at the date of acquisition, with a charge to the allowance for credit losses for any excess of the loan carrying value over such amount. Subsequently, OREO is carried at the lower of cost or fair value, as determined by current appraisals. Certain costs that increase the value or extend the useful life in preparing properties for sale are capitalized to the extent that the appraisal amount exceeds the carrying value and expenses of holding foreclosed properties are charged to operations as incurred. Goodwill The Company accounts for goodwill and other intangible assets in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 350, “Intangibles – Goodwill and Other,” Reclassification Certain reclassifications have been made in the Consolidated Financial Statements to conform to the current year presentation. Such reclassifications had no impact on net income or stockholders’ equity as previously reported. Appraisals All appraisals must be performed in accordance with the Uniform Standards of Professional Appraisal Practice (“USPAP”). Appraisals are certified to the Company and performed by appraisers on the Company’s approved list of appraisers. Evaluations are completed by a person independent of Company Management. The content of the appraisal depends on the complexity and location of the property. Derivative Instruments and Hedging Activities The Company utilizes derivative instruments in the form of interest rate swaps to hedge its exposure to interest rate risk in conjunction with its overall asset and liability risk management process. In accordance with accounting requirements, the Company formally designates all of its hedging relationships as either fair value hedges or cash flow hedges. The Company’s derivative instruments currently consist of cash flow hedges. The Company recognizes all derivative instruments at fair value in either Prepaid expense and other assets or Accrued expenses and other liabilities on the Consolidated Balance Sheet and the related cash flows in the Operating Activities section of the Consolidated Statement of Cash Flows. For derivatives designated as cash flow hedges (i.e., hedging the exposure to variability in expected future cash flows), the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. Those derivative financial instruments that do not meet the hedging criteria discussed below would be classified as undesignated derivatives and would be recorded at fair value with changes in fair value recorded in income. The Company discontinues hedge accounting when (a) it determines that a derivative is no longer effective in offsetting changes in cash flows of a hedged item; (b) the derivative expires or is sold, terminated or exercised; (c) probability exists that the forecasted transaction will no longer occur or (d) Management determines that designating the derivative as a hedging instrument is no longer appropriate. In all cases in which hedge accounting is discontinued and a derivative remains outstanding, the Company will carry the derivative at fair value in the Consolidated Financial Statements, recognizing changes in fair value in current period income in the Consolidated Statement of Income. For additional information on derivative instruments and hedging activities, see Note 7 to the Consolidated Financial Statements. Income Taxes The Company follows FASB ASC Topic 740, “Income Taxes,” When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that ultimately would be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, Management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. The evaluation of a tax position taken is considered by itself and not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are recognized in income tax expense on the Consolidated Statements of Income. For additional information on income taxes, see Note 11 to the Consolidated Financial Statements. Net Income Per Share Basic net income per common share is calculated as net income available to common shareholders divided by the weighted average common shares outstanding during the reporting period. Diluted net income per common share is computed similarly to that of basic net income per common share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all potentially dilutive common shares, principally stock options, were issued during the reporting period utilizing the treasury stock method; however, when a net loss rather than net income is recognized, diluted earnings per share equals basic earnings per share. For additional information on net income per share, see Note 12 to the Consolidated Financial Statements. Stock-Based Compensation The Company accounts for its stock-based compensation awards in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation,” For additional information on the Company’s stock-based compensation, see Note 14 to the Consolidated Financial Statements. Fair Value The Company follows FASB ASC Topic 820, “Fair Value Measurement and Disclosures,” For additional information on the fair value of the Company’s financial instruments, see Note 15 to the Consolidated Financial Statements. Other Comprehensive Income (Loss) Other comprehensive income (loss) consists of the change in unrealized gains (losses) on securities available for sale and derivative related items that were reported as a component of shareholders’ equity, net of tax. For additional information on other comprehensive income (loss), see Note 9 to the Consolidated Financial Statements. Dividend Restrictions Banking regulations require maintaining certain capital levels that may limit the dividends paid by the Bank to the holding company or by the holding company to the shareholders. Operating Segments While Management, whom includes the President and Chief Executive Officer and acts as the Chief Operating Decision Maker (“CODM”), monitors the revenue streams of its various products and services, operating results and financial performance are evaluated on a company-wide basis. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM uses net income reporting in the Company’s Consolidated Statements of Income to make operating and strategic decisions. Accordingly, there is only one reportable segment. The Company adopted ASU 2023-07 during the year ended December 31, 2024 noting no material impact. For further description of the Company’s products and services, refer to Item 1. Business Revenue Recognition FASB ASC 606, Revenue from Contracts with Customers ("ASC 606") The majority of the Company’s revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as loans, letters of credit, derivatives and investment securities, as well as revenue related to mortgage servicing activities, as these activities are subject to other U.S. GAAP discussed elsewhere within the Company’s disclosures. Descriptions of the Company’s revenue-generating activities that are within the scope of ASC 606, which are presented in its income statements as components of non-interest income are as follows: ● Branch fee income - these represent general service fees for monthly account maintenance and activity or transaction based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when the Company’s performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payments for such performance obligations are generally received at the time the performance obligations are satisfied. ● Other non-interest income primarily includes items such as loan-related fees, bank owned life insurance income, dividends on FHLB and FRB stock and other general operating income, none of which are subject to the requirements of ASC 606. Recent Accounting Pronouncements ​ ​ ​ ​ ​ Accounting Standard Update (“ASU”) Required Adoption Date Brief Description Effect on the Company’s Financial Statements ASU 2023-09, Income Taxes (Topic 740) Fiscal years beginning after December 15, 2024 Improve transparency of certain income tax related disclosures, including the rate reconciliation and taxes paid disclosures. No significant impact ASU 2024-03, Income Statement – Reporting comprehensive income – Expense Disaggregation Disclosures (Subtopic 220-40) Fiscal years beginning after December 15, 2026 Improve transparency of specific expense categories, which is generally not presented in the financial statements today. No significant impact

Securities

Securities	12 Months Ended
	Dec. 31, 2024
Securities
Securities	2. Securities This table provides the major components of debt securities AFS, HTM and equity securities at amortized cost and estimated fair value at December 31, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ ​ ​ Amortized ​ unrealized ​ unrealized ​ Valuation ​ Estimated (In thousands) ​ cost ​ gains ​ losses ​ allowance ​ fair value Available for sale: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 15,000 ​ $ — ​ $ (241) ​ $ — ​ $ 14,759 State and political subdivisions ​ 357 ​ — ​ (24) ​ — ​ 333 Residential mortgage-backed securities ​ 13,814 ​ 27 ​ (1,555) ​ — ​ 12,286 Asset backed securities ​ ​ 39,300 ​ ​ 94 ​ ​ (2) ​ ​ — ​ ​ 39,392 Corporate and other securities ​ 31,741 ​ 165 ​ (1,968) ​ (2,824) ​ 27,114 Total debt securities available for sale ​ $ 100,212 ​ $ 286 ​ $ (3,790) ​ $ (2,824) ​ $ 93,884 Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 28,000 ​ $ — ​ $ (4,932) ​ $ — ​ $ 23,068 State and political subdivisions ​ 1,234 ​ 59 ​ — ​ — ​ 1,293 Residential mortgage-backed securities ​ 12,060 ​ — ​ (2,607) ​ — ​ 9,453 Total debt securities held to maturity ​ $ 41,294 ​ $ 59 ​ $ (7,539) ​ $ — ​ $ 33,814 Equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ 10,606 ​ $ 64 ​ $ (820) ​ $ — ​ $ 9,850 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ ​ ​ Amortized ​ unrealized ​ unrealized ​ ​ Valuation ​ Estimated (In thousands) ​ cost ​ gains ​ losses ​ ​ allowance ​ 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 Asset backed securities ​ ​ 35,750 ​ ​ — ​ ​ (347) ​ ​ — ​ ​ 35,403 Corporate and other securities ​ 29,453 ​ 251 ​ (2,529) ​ (1,283) ​ 25,892 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 Equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ 9,050 ​ $ 99 ​ $ (1,347) ​ $ — ​ $ 7,802 ​ ​ For the year ended December 31, 2024, the provision for credit losses on AFS debt securities was $1.5 million, compared to $1.3 million for the year ended December 31, 2023. ​ ​ The following table summarizes the amortized cost of HTM debt securities by external credit rating at December 31, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-investment ​ ​ ​ ​ ​ ​ (In thousands) ​ AAA/AA/A rated ​ BBB rated ​ grade rated ​ Non-rated ​ Total December 31, 2024 ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 28,000 ​ $ — ​ $ — ​ $ — ​ $ 28,000 State and political subdivisions ​ 1,234 ​ — ​ — ​ — ​ 1,234 Residential mortgage-backed securities ​ 12,060 ​ — ​ — ​ — ​ 12,060 Total ​ $ 41,294 ​ $ — ​ $ — ​ $ — ​ $ 41,294 December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 28,000 ​ $ — ​ $ — ​ $ — ​ $ 28,000 State and political subdivisions ​ 1,172 ​ — ​ — ​ 100 ​ 1,272 Residential mortgage-backed securities ​ 6,850 ​ — ​ — ​ — ​ 6,850 Total ​ $ 36,022 ​ $ — ​ $ — ​ $ 100 ​ $ 36,122 ​ This table provides the remaining contractual maturities within the investment portfolios. The carrying value of securities at December 31, 2024 is distributed by contractual maturity. Securities, which may have principal prepayment provisions, are distributed based on contractual maturity. Expected maturities will differ materially from contractual maturities as a result of early prepayments and calls. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ Fair (In thousands) ​ cost ​ ​ value Available for sale, at fair value: ​ ​ ​ ​ ​ Due in one year $ 3,285 $ 3,243 Due after one year through five years ​ 30,283 ​ ​ 26,678 Due after five years through ten years ​ 27,639 ​ ​ 26,437 Due after ten years ​ 25,191 ​ ​ 25,240 Residential mortgage-backed securities ​ 13,814 ​ ​ 12,286 Total $ 100,212 ​ $ 93,884 Held to maturity, at amortized cost: ​ ​ ​ ​ ​ Due in one year $ — ​ $ — Due after one year through five years ​ 3,000 ​ ​ 2,927 Due after five years through ten years ​ — ​ ​ — Due after ten years ​ 26,234 ​ ​ 21,434 Residential mortgage-backed securities ​ 12,060 ​ ​ 9,453 Total $ 41,294 ​ $ 33,814 ​ The number of securities in an unrealized loss position as of December 31, 2024 totaled 75, compared to 98 at December 31, 2023. This decrease is primarily due to market interest rate fluctuations. As of December 31, 2024, the company had accrued interest receivable of $1.2 million relating to debt securities, compared to $1.5 million at December 31, 2023. During the year ended December 31, 2024, $125 thousand in interest income was reversed relating to nonaccrual debt securities compared to none during the year ended December 31, 2023. During the year ended December 31, 2024, $213 thousand in interest payments were recorded as a reduction of principal relating to nonaccrual debt securities compared to none during the year ended December 31, 2023. At the year-end 2024 and 2023, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders’ equity. The fair value of securities with unrealized losses by length of time where the individual securities have been in a continuous unrealized loss position at December 31, 2024 and December 31, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ Less than 12 months ​ 12 months and greater ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized (In thousands) ​ ​ fair value ​ (loss) ​ fair value ​ (loss) ​ fair value ​ (loss) Available for sale: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — ​ $ — ​ $ 14,759 ​ $ (241) ​ $ 14,759 ​ $ (241) State and political subdivisions ​ ​ — ​ ​ — ​ ​ 333 ​ ​ (24) ​ ​ 333 ​ ​ (24) Residential mortgage-backed securities ​ ​ 8 ​ ​ (1) ​ ​ 12,145 ​ ​ (1,554) ​ ​ 12,153 ​ ​ (1,555) Asset backed securities ​ ​ ​ 3,998 ​ ​ (1) ​ ​ 3,000 ​ ​ (1) ​ ​ 6,998 ​ ​ (2) Corporate and other securities ​ — ​ — ​ 14,609 ​ (1,968) ​ 14,609 ​ (1,968) Total temporarily impaired AFS securities ​ $ 4,006 ​ $ (2) ​ $ 44,846 ​ $ (3,788) ​ $ 48,852 ​ $ (3,790) Held to maturity: ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — ​ $ — ​ $ 23,068 ​ $ (4,932) ​ $ 23,068 ​ $ (4,932) Residential mortgage-backed securities ​ — ​ — ​ 4,453 ​ (2,607) ​ 4,453 ​ (2,607) Total temporarily impaired HTM securities ​ $ — ​ $ — ​ $ 27,521 ​ $ (7,539) ​ $ 27,521 ​ $ (7,539) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) Asset backed securities ​ ​ ​ — ​ ​ — ​ ​ 35,403 ​ ​ (347) ​ ​ 35,403 ​ ​ (347) Corporate and other securities ​ — ​ — ​ 19,424 ​ (2,529) ​ 19,424 ​ (2,529) 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. Realized Gains and Losses There were no available for sale or held to maturity gross realized gains or losses relating to sales in 2024 or 2023. Pledged Securities Securities with a carrying value of $11.5 million and $9.7 million at December 31, 2024 and December 31, 2023, respectively, were pledged to secure other borrowings and for other purposes required or permitted by law. 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 the gains and losses recognized in net income on equity securities for the past two years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, (In thousands) 2024 2023 Net unrealized gains (losses) recognized during the period on equity securities ​ $ 492 ​ $ (338) Net gains recognized during the period on equity securities sold during the period ​ 94 ​ 345 Gains recognized during the reporting period on equity securities ​ $ 586 ​ $ 7 ​

Loans

Loans	12 Months Ended
	Dec. 31, 2024
Loans
Loans	3. Loans The following table sets forth the classification of loans by class, including unearned fees, deferred costs and excluding the allowance for credit losses for the past two years: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) December 31, 2024 December 31, 2023 SBA loans held for investment ​ $ 36,859 ​ $ 38,584 SBA PPP loans ​ ​ 1,450 ​ ​ 2,318 Commercial loans ​ ​ SBA 504 loans ​ 48,479 ​ 33,669 Commercial & industrial ​ 147,186 ​ 128,402 Commercial real estate (1) ​ 1,085,771 ​ 986,230 Commercial real estate construction ​ 130,193 ​ 129,159 Residential mortgage loans ​ 630,927 ​ 631,506 Consumer loans ​ ​ ​ ​ Home equity ​ 73,223 ​ 67,037 Consumer other ​ 3,488 ​ 5,639 Residential construction loans ​ ​ 90,918 ​ ​ 131,277 Total loans held for investment ​ $ 2,248,494 ​ $ 2,153,821 SBA loans held for sale ​ 12,163 ​ 18,242 Total loans ​ $ 2,260,657 ​ $ 2,172,063 ​ (1) Commercial real estate includes Commercial Mortgage – Owner Occupied, Commercial Mortgage – Nonowner Occupied and Commercial Mortgage – Other. Commercial Mortgage – Other primarily includes multifamily and land loans. Loans are made to individuals and commercial entities. Specific loan terms vary as to interest rate, repayment and collateral requirements based on the type of loan requested and the credit worthiness of the prospective borrower. Credit risk tends to be geographically concentrated in that a majority of the loan customers are located in the markets serviced by the Bank. Loan performance may be adversely affected by factors impacting the general economy or conditions specific to the real estate market such as geographic location and/or property type. A description of the Company’s different loan segments follows: SBA Loans: the businesses’ major owners. SBA loans are made based primarily on the historical and projected cash flow of the business and secondarily on the underlying collateral provided. 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, in the accompanying Consolidated Statements of Income. 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 loan portfolio is then subject to on-going internal reviews for credit quality, as well as independent credit reviews by an outside firm. The Company’s extension of credit is governed by the Credit Risk Policy which was established to control the quality of the Company’s loans. These policies and 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 delinquent 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. ​ The following table shows the internal loan classification risk by loan portfolio classification by origination year as of December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ (In thousands) ​ 2024 ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ 2019 and Earlier ​ ​ Revolving Loans Amortized Cost Basis ​ ​ Total SBA loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 2,167 ​ $ 1,580 ​ $ 5,205 ​ $ 4,961 ​ $ 5,570 ​ $ 10,085 ​ $ - ​ $ 29,568 Special Mention ​ - ​ ​ 769 ​ ​ 1,740 ​ ​ 356 ​ ​ 508 ​ ​ 729 ​ ​ - ​ ​ 4,102 Substandard ​ - ​ ​ - ​ ​ 956 ​ ​ 2,116 ​ ​ 116 ​ ​ 1 ​ ​ - ​ ​ 3,189 Total SBA loans held for investment $ 2,167 ​ $ 2,349 ​ $ 7,901 ​ $ 7,433 ​ $ 6,194 ​ $ 10,815 ​ $ - ​ $ 36,859 SBA loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ 300 ​ $ 70 ​ $ - ​ $ - ​ $ - ​ $ 370 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SBA PPP loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ - ​ $ - ​ $ - ​ $ 1,450 ​ $ - ​ $ - ​ $ - ​ $ 1,450 Total SBA PPP loans $ - ​ $ - ​ $ - ​ $ 1,450 ​ $ - ​ $ - ​ $ - ​ $ 1,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 189,371 ​ $ 167,190 ​ $ 331,349 ​ $ 161,508 ​ $ 123,225 ​ $ 330,131 ​ $ 94,369 ​ $ 1,397,143 Special Mention ​ - ​ ​ - ​ ​ 6,269 ​ ​ 1,737 ​ ​ - ​ ​ 3,108 ​ ​ 17 ​ ​ 11,131 Substandard ​ - ​ ​ - ​ ​ - ​ ​ 2 ​ ​ 1,187 ​ ​ 2,157 ​ ​ 9 ​ ​ 3,355 Total commercial loans $ 189,371 ​ $ 167,190 ​ $ 337,618 ​ $ 163,247 ​ $ 124,412 ​ $ 335,396 ​ $ 94,395 ​ $ 1,411,629 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ 38 ​ $ 138 ​ $ 200 ​ $ 107 ​ $ 150 ​ $ 633 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 93,825 ​ $ 73,862 ​ $ 224,295 ​ $ 65,192 ​ $ 44,366 ​ $ 122,916 ​ $ - ​ $ 624,456 Nonperforming ​ - ​ ​ 227 ​ ​ 1,488 ​ ​ 2,238 ​ ​ - ​ ​ 2,518 ​ ​ - ​ ​ 6,471 Total residential mortgage loans $ 93,825 ​ $ 74,089 ​ $ 225,783 ​ $ 67,430 ​ $ 44,366 ​ $ 125,434 ​ $ - ​ $ 630,927 Residential mortgage loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ - ​ $ 150 ​ $ - ​ $ - ​ $ - ​ $ 150 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 5,898 ​ $ 2,602 ​ $ 3,275 ​ $ 1,515 ​ $ 667 ​ $ 10,409 ​ $ 52,345 ​ $ 76,711 Total consumer loans $ 5,898 ​ $ 2,602 ​ $ 3,275 ​ $ 1,515 ​ $ 667 ​ $ 10,409 ​ $ 52,345 ​ $ 76,711 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ 63 ​ $ 100 ​ $ - ​ $ 198 ​ $ - ​ $ 361 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 36,522 ​ $ 16,889 ​ $ 26,683 ​ $ 7,766 ​ $ 1,154 ​ $ 1,357 ​ $ - ​ $ 90,371 Substandard ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 547 ​ ​ - ​ ​ - ​ ​ 547 Total residential construction loans $ 36,522 ​ $ 16,889 ​ $ 26,683 ​ $ 7,766 ​ $ 1,701 ​ $ 1,357 ​ $ - ​ $ 90,918 Residential construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 277 ​ $ - ​ $ 277 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans held for investment $ 327,783 ​ $ 263,119 ​ $ 601,260 ​ $ 248,841 ​ $ 177,340 ​ $ 483,411 ​ $ 146,740 ​ $ 2,248,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table shows the internal loan classification risk by loan portfolio classification by origination year as of December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 686,031 ​ $ 297,252 ​ $ 190,775 ​ $ 140,165 ​ $ 415,756 ​ $ 147,134 ​ $ 2,153,821 ​ ​ ​ Nonaccrual and Past Due Loans Nonaccrual loans consist of loans that are not accruing interest as a result of principal or interest being delinquent for a period of 90 days or more or when the ability to collect principal and interest according to the contractual terms is in doubt. When a loan is classified as nonaccrual, interest accruals are discontinued and all past due interest previously recognized as income is reversed and charged against current period earnings. Generally, until the loan becomes current, any payments received from the borrower are applied to outstanding principal until such time as Management determines that the financial condition of the borrower and other factors merit recognition of a portion of such payments as interest income. Loans may be returned to an accrual status when the ability to collect is reasonably assured or 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 December 31, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ ​ ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ Nonaccrual ​ due (1) ​ Current ​ Total loans SBA loans held for investment ​ $ 1,006 ​ $ 451 ​ $ — ​ $ 3,850 ​ $ 5,307 ​ $ 31,552 ​ $ 36,859 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 48,479 ​ 48,479 Commercial & industrial ​ 941 ​ — ​ — ​ 1,228 ​ 2,169 ​ 145,017 ​ 147,186 Commercial real estate ​ 22,378 ​ 2,339 ​ — ​ 1,746 ​ 26,463 ​ 1,059,308 ​ 1,085,771 Commercial real estate construction ​ — ​ — ​ — ​ — ​ — ​ 130,193 ​ 130,193 Residential mortgage loans ​ 15,654 ​ 4,094 ​ 760 ​ 5,711 ​ 26,219 ​ 604,708 ​ 630,927 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ 479 ​ 2,162 ​ — ​ — ​ 2,641 ​ 70,582 ​ 73,223 Consumer other ​ 36 ​ 5 ​ — ​ — ​ 41 ​ 3,447 ​ 3,488 Residential construction loans ​ ​ — ​ ​ — ​ ​ — ​ ​ 547 ​ ​ 547 ​ ​ 90,371 ​ ​ 90,918 Total loans held for investment ​ ​ 40,494 ​ ​ 9,051 ​ ​ 760 ​ ​ 13,082 ​ ​ 63,387 ​ ​ 2,183,657 ​ ​ 2,247,044 SBA loans held for sale ​ — ​ — ​ — ​ — ​ — ​ 12,163 ​ 12,163 Total loans, excluding SBA PPP ​ $ 40,494 ​ $ 9,051 ​ $ 760 ​ $ 13,082 ​ $ 63,387 ​ $ 2,195,820 ​ $ 2,259,207 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ ​ ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ Nonaccrual ​ due (1) ​ 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 ​ ​ 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 ​ (1) At December 31, 2024 and 2023, the Company had no SBA PPP loans past due. As of December 31, 2024 and 2023, the Company had accrued interest receivable of $11.3 million and $11.7 million relating to loans receivable, respectively. During the years ended December 31, 2024 and 2023 the company reversed $0.6 million and $0.9 million in interest income from nonaccrual loans, respectively. 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 December 31, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ Unpaid ​ ​ Allowance for ​ ​ principal ​ Recorded ​ Credit Losses (In thousands) ​ balance ​ investment ​ Allocated With no related allowance: ​ ​ ​ ​ SBA loans held for investment ​ $ 432 ​ $ 334 ​ $ — Commercial loans ​ ​ ​ Commercial & industrial ​ ​ 638 ​ ​ 33 ​ ​ — Commercial real estate ​ 2,055 ​ 1,746 ​ — Total commercial loans ​ 2,693 ​ 1,779 ​ — Residential mortgage loans ​ ​ 4,238 ​ ​ 4,238 ​ ​ — Total individually evaluated loans with no related allowance ​ 7,363 ​ 6,351 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment ​ 4,011 ​ 3,516 ​ 755 Commercial loans ​ ​ ​ ​ Commercial & industrial ​ 1,672 ​ 1,195 ​ 62 Total commercial loans ​ 1,672 ​ 1,195 ​ 62 Residential mortgage loans ​ ​ 2,413 ​ ​ 2,233 ​ ​ 52 Residential construction loans ​ ​ 547 ​ ​ 547 ​ ​ 102 Total individually evaluated loans with a related allowance ​ 8,643 ​ 7,491 ​ 971 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated loans: ​ ​ ​ ​ SBA loans held for investment ​ 4,443 ​ 3,850 ​ 755 Commercial loans ​ ​ ​ ​ Commercial & industrial ​ 2,310 ​ 1,228 ​ 62 Commercial real estate ​ 2,055 ​ 1,746 ​ — Total commercial loans ​ 4,365 ​ 2,974 ​ 62 Residential mortgage loans ​ ​ 6,651 ​ ​ 6,471 ​ ​ 52 Residential construction loans ​ ​ 547 ​ ​ 547 ​ ​ 102 Total individually evaluated loans ​ $ 16,006 ​ $ 13,842 ​ $ 971 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ 381 ​ ​ — Total consumer loans ​ ​ 390 ​ ​ 381 ​ ​ — Residential construction loans ​ ​ 2,757 ​ ​ 2,141 ​ ​ — Total individually evaluated loans ​ $ 21,703 ​ $ 19,186 ​ $ 995 ​ The Company did not recognize interest income on nonaccrual loans for the years ended December 31, 2024 and December 31, 2023. ​ Other Loan Information Servicing Assets: Loans sold to others and serviced by the Company are not included in the accompanying Consolidated Balance Sheets. The total amount of such loans serviced, but owned by third party investors, amounted to approximately $179.0 million and $184.2 million at December 31, 2024 and 2023, respectively. At December 31, 2024 and 2023, the carrying value of servicing assets was $0.7 million and $0.9 million, respectively, and is included in Prepaid expenses and other assets. A summary of the changes in the related servicing assets for the past two years follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Balance, beginning of year ​ $ 881 ​ $ 691 Servicing assets capitalized ​ 186 ​ 576 Amortization of expense, net ​ (404) ​ (386) Balance, end of year ​ $ 663 ​ $ 881 ​ In addition, the Company had $0.5 million and $0.6 million in discounts related to the retained portion of unsold SBA loans at December 31, 2024 and 2023, respectively. These discounts are amortized to income over the same period of the balance of the loans sold. As of December 31, 2024 and 2023, the Company held $3.4 million and $5.0 million, respectively, in Residential mortgage loans in the process of being sold. Officer and Director Loans: In the ordinary course of business, the Company may extend credit to officers, directors or their associates. These loans are subject to the Company’s normal lending policy. An analysis of such loans, all of which are current as to principal and interest payments, is as follows: ​ ​ ​ ​ ​ ​ ​ (In thousands) December 31, 2024 December 31, 2023 Balance, beginning of year ​ $ 7,894 ​ $ 8,124 New loans and advances ​ 1,500 ​ 788 Loan repayments ​ (1,078) ​ (953) Loans removed ​ ​ — ​ ​ (65) Balance, end of year ​ $ 8,316 ​ $ 7,894 ​ Loan Portfolio Collateral: The majority of the Company’s loans are secured by real estate. Declines in the market values of real estate in the Company’s trade area impact the value of the collateral securing its loans. This could lead to greater losses in the event of defaults on loans secured by real estate. At December 31, 2024 and December 31, 2023, approximately 96% of the Company’s loan portfolio was secured by real estate. ​ Modifications The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. The Company uses a weighted-average remaining maturity model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. 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 during the twelve months ended December 31, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Delay ​ ​ Term Extension ​ ​ ​ ​ Principal ​ Percentage ​ ​ ​ Principal ​ Percentage ​ (In thousands) ​ ​ Balance ​ of Loan Class ​ ​ ​ Balance ​ of Loan Class ​ SBA loans held for investment ​ $ 93 ​ 0.3 % ​ $ — ​ — % Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ 632 ​ 0.1 ​ ​ ​ — ​ — ​ Commercial & industrial ​ ​ — ​ — ​ ​ ​ 1,882 ​ 2.4 ​ Residential mortgage loans ​ ​ — ​ — ​ ​ ​ 1,033 ​ 0.2 ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ — ​ — ​ ​ ​ 2,162 ​ 3.0 ​ Balance, December 31, 2024 ​ $ 725 ​ 0.1 % ​ $ 5,077 ​ 0.2 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Forgiveness ​ ​ Payment Delay ​ ​ ​ Term Extension ​ ​ ​ ​ Principal ​ Percentage ​ ​ ​ Principal ​ Percentage ​ ​ ​ Principal ​ Percentage ​ (In thousands) ​ ​ Balance ​ of Loan Class ​ ​ ​ Balance ​ of Loan Class ​ ​ ​ Balance ​ of Loan Class ​ SBA loans held for investment ​ $ 9 ​ 0.1 % ​ $ — ​ — % ​ $ — ​ — % Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial & industrial ​ ​ — ​ — ​ ​ ​ — ​ — ​ ​ ​ 835 ​ 0.1 ​ Commercial real estate ​ ​ — ​ — ​ ​ ​ 1,290 ​ 0.1 ​ ​ ​ 732 ​ 0.1 ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ — ​ — ​ ​ ​ — ​ — ​ ​ ​ 103 ​ 0.1 ​ Balance, December 31, 2023 ​ $ 9 ​ 0.1 % ​ $ 1,290 ​ 0.1 % ​ $ 1,670 ​ 0.1 % ​ ​ 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 charged-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. One loan, a $2.2 million home equity loan, that was modified during the year ended December 31, 2024 was not in compliance with the modified terms as of December 31, 2024 compared to none as of December 31, 2023. ​

Allowance for Credit Losses and

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments	12 Months Ended
	Dec. 31, 2024
Allowance for Credit Losses and Reserve for Unfunded Loan Commitments
Allowance for Credit Losses and Reserve for Unfunded Loan Commitments	4. Allowance for Credit Losses and Reserve for Unfunded Loan Commitments Allowance for Credit Losses The Company has an established methodology to determine the adequacy of the allowance for credit losses that assesses the risks and losses inherent in the loan portfolio. At a minimum, the adequacy of the allowance for credit losses is reviewed by Management on a quarterly basis. The standardized methodology used to assess the adequacy of the allowance includes the allocation of specific and general reserves. The same standard methodology is used, regardless of loan type. Specific reserves are evaluated for individually evaluated loans. The general reserve is set based upon a representative average historical net charge-off rate adjusted for the following environmental factors: delinquency and impairment trends, charge-off and recovery trends, volume and loan term trends, changes in risk and underwriting policy trends, staffing and experience changes, national and local economic trends, industry conditions and credit concentration changes. These environmental factors include reasonable and supportable forecasts. Within the historical net charge-off rate, the Company weights the data dating back to 2015 on a straight line basis and projects the losses on a weighted average remaining maturity basis for each segment. All of the environmental factors are ranked and assigned a basis points value based on the following scale: low, low moderate, moderate, high moderate and high risk. Each environmental factor is evaluated separately for each class of loans and risk weighted based on its individual characteristics. ​ ● For SBA 7(a), commercial and residential construction 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 and consumer 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 allocated allowance is the total of identified specific and general reserves by loan category. The allocation is not necessarily indicative of the categories in which future losses may occur. The total allowance is available to absorb losses from any segment of the portfolio. The following tables detail the activity in the allowance for credit losses by portfolio segment for the past two years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ SBA ​ Commercial ​ Residential ​ Consumer ​ Construction ​ Total Balance, beginning of period ​ $ 1,221 ​ $ 15,876 ​ $ 6,529 ​ $ 1,022 ​ $ 1,206 ​ $ 25,854 Charge-offs ​ (370) ​ (633) ​ (150) ​ (361) ​ (277) ​ (1,791) Recoveries ​ 47 ​ 204 ​ — ​ 67 ​ — ​ 318 Net charge-offs ​ (323) ​ (429) ​ (150) ​ (294) ​ (277) ​ (1,473) Provision for (credit to) credit losses charged to expense ​ 637 ​ 1,914 ​ (125) ​ 47 ​ (66) ​ 2,407 Balance, end of period ​ $ 1,535 ​ $ 17,361 ​ $ 6,254 ​ $ 775 ​ $ 863 ​ $ 26,788 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ SBA ​ Commercial ​ Residential ​ Consumer ​ Construction ​ Total Balance, beginning of period ​ $ 875 ​ $ 15,254 ​ $ 5,450 ​ $ 990 ​ $ 2,627 ​ $ 25,196 Impact of adoption of ASU 2016-13 ("CECL") ​ ​ 163 ​ ​ 171 ​ ​ 376 ​ ​ 101 ​ ​ 36 ​ ​ 847 Charge-offs ​ (213) ​ (752) ​ (93) ​ (578) ​ (1,000) ​ (2,636) Recoveries ​ 20 ​ 400 ​ — ​ 84 ​ 111 ​ 615 Net charge-offs ​ (193) ​ (352) ​ (93) ​ (494) ​ (889) ​ (2,021) Provision for (credit to) credit losses charged to expense ​ 376 ​ 803 ​ 796 ​ 425 ​ (568) ​ 1,832 Balance, end of period ​ $ 1,221 ​ $ 15,876 ​ $ 6,529 ​ $ 1,022 ​ $ 1,206 ​ $ 25,854 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables present loans and related allowance for credit losses, by portfolio segment, as of December 31 st ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ SBA, Held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ for Investment ​ Commercial ​ Residential ​ Consumer ​ Construction ​ Total Allowance for credit losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 755 ​ $ 62 ​ $ 52 ​ $ — $ 102 ​ $ 971 Collectively evaluated for impairment ​ 780 ​ 17,299 ​ 6,202 ​ 775 ​ 761 ​ 25,817 Total ​ $ 1,535 ​ $ 17,361 ​ $ 6,254 ​ $ 775 $ 863 ​ $ 26,788 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 3,850 ​ $ 2,974 ​ $ 6,471 ​ $ — $ 547 ​ $ 13,842 Collectively evaluated for impairment ​ 34,459 ​ 1,408,655 ​ 624,456 ​ 76,711 ​ 90,371 ​ 2,234,652 Total loans held for investment ​ $ 38,309 ​ $ 1,411,629 ​ $ 630,927 ​ $ 76,711 $ 90,918 ​ $ 2,248,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ SBA, Held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ for Investment ​ Commercial ​ Residential ​ Consumer ​ Construction ​ Total Allowance for credit losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 348 ​ $ 341 ​ $ 306 ​ $ — $ — ​ $ 995 Collectively evaluated for impairment ​ 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 for impairment ​ $ 3,444 ​ $ 1,948 ​ $ 11,272 ​ $ 381 $ 2,141 ​ $ 19,186 Collectively evaluated for impairment ​ 37,458 ​ 1,275,512 ​ 620,234 ​ 72,295 ​ 129,136 ​ 2,134,635 Total loans held for investment ​ $ 40,902 ​ $ 1,277,460 ​ $ 631,506 ​ $ 72,676 $ 131,277 ​ $ 2,153,821 ​ The Company allocated an additional reserve for loans with a substandard rating, not otherwise considered for specific reserves. The change in the allowance for credit losses for the year-ended December 31, 2024 was mainly due to loan growth, partially offset by charge-offs. Reserve for Unfunded Loan Commitments The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancelable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. To determine the expected funding rate, the Company uses a historical utilization rate for each segment. As noted above, the allowance for credit losses on unfunded loan commitments is included in Other liabilities on the Consolidated Balance Sheet. ​ Valuation Allowance: Debt Security Available for Sale ​ The Company maintains a valuation allowance on AFS debt securities. Adjustments to the reserve are made through provision for credit losses and applied to the reserve which is classified in “Debt securities available for sale” on the Consolidated Balance Sheet. At December 31, 2024, a $2.8 million reserve was reported, compared to $1.3 million at December 31, 2023. ​ The Company maintains a valuation allowance on HTM debt securities at a level that Management believes is adequate to absorb estimated probable losses. At December 31, 2024 and December 31, 2023, no reserve was reported on the Consolidated 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.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2024
Premises and Equipment
Premises and Equipment	5. Premises and Equipment The detail of premises and equipment as of December 31 st ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ December 31, 2024 ​ December 31, 2023 Land and buildings $ 23,319 $ 24,582 Furniture, fixtures and equipment ​ 3,429 ​ 13,322 Leasehold improvements ​ 1,534 ​ 3,205 Gross premises and equipment ​ 28,282 ​ 41,109 Less: Accumulated depreciation ​ (9,504) ​ (21,542) Net premises and equipment ​ $ 18,778 ​ $ 19,567 ​ Amounts charged to noninterest expense for depreciation of premises and equipment amounted to $1.5 and $1.4 million in 2024 and 2023, respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2024
Deposits [Abstract]
Deposits	6. Deposits The following table details the maturity distribution of time deposits as of December 31 st ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ More than More than ​ ​ ​ ​ ​ ​ ​ three six months ​ ​ ​ ​ ​ ​ Three months through More than ​ ​ ​ ​ ​ months or ​ through six twelve ​ twelve ​ ​ ​ (In thousands) ​ less months months ​ months ​ Total At December 31, 2024: ​ ​ ​ ​ ​ Less than $250,000 ​ $ 197,392 ​ $ 186,828 ​ $ 150,942 ​ $ 41,260 ​ $ 576,422 $250,000 or more ​ 85,296 ​ ​ 100,173 ​ ​ 47,951 ​ ​ 5,261 ​ ​ 238,681 At December 31, 2023: ​ ​ ​ ​ ​ Less than $250,000 ​ $ 157,742 ​ $ 140,052 ​ $ 104,619 ​ $ 88,311 ​ $ 490,724 $250,000 or more ​ 21,649 ​ ​ 63,783 ​ ​ 36,830 ​ ​ 13,078 ​ ​ 135,340 ​ The following table presents the expected maturities of time deposits over the next five years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) 2025 2026 2027 2028 2029 Thereafter Total Balance maturing ​ $ 768,582 ​ $ 33,387 ​ $ 11,178 ​ $ 1,306 ​ $ 542 ​ $ 108 ​ $ 815,103 ​ Time deposits with balances of $250 thousand or more totaled $238.7 million and $135.3 million at December 31, 2024 and 2023, respectively. ​ Deposits from principal officers, directors, and their affiliates at year-end 2024 and 2023 were $30.6 million and $33.0 million, respectively.

Borrowed Funds, Subordinated De

Borrowed Funds, Subordinated Debentures and Derivatives	12 Months Ended
	Dec. 31, 2024
Borrowed Funds, Subordinated Debentures and Derivatives
Borrowed Funds, Subordinated Debentures and Derivatives	7. Borrowed Funds, Subordinated Debentures and Derivatives The following table presents the period-end and weighted average rate for borrowed funds and subordinated debentures as of the past two year end dates: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ (In thousands) Amount Rate Amount Rate FHLB borrowings: ​ ​ Non-overnight, fixed rate advances ​ $ 20,504 4.36 % $ 109,438 3.86 % Overnight advances ​ 140,000 4.67 ​ 217,000 5.61 ​ Puttable advances ​ 60,000 3.70 ​ 30,000 3.91 ​ Subordinated debentures: ​ $ 10,310 6.19 % $ 10,310 7.21 % ​ The following table presents borrowed funds and subordinated debentures by maturity over the next five years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) 2025 2026 2027 2028 2029 Thereafter Total FHLB borrowings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-overnight, fixed rate advances ​ $ 10,504 ​ $ ​ ​ $ — ​ $ 10,000 ​ $ ​ ​ $ — ​ $ 20,504 Overnight advances ​ ​ 140,000 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 140,000 Puttable advances ​ ​ — ​ ​ — ​ ​ — ​ ​ 20,000 ​ ​ 40,000 ​ ​ — ​ ​ 60,000 Subordinated debentures: ​ — ​ — ​ — ​ — ​ — ​ 10,310 ​ 10,310 Total borrowings ​ $ 150,504 ​ $ — ​ $ — ​ $ 30,000 ​ $ 40,000 ​ $ 10,310 ​ $ 230,814 ​ Subordinated Debentures At December 31, 2024 and 2023, the Company was a party in the following subordinated debenture transactions: ● On July 24, 2006, Unity (NJ) Statutory Trust II, a statutory business trust and wholly-owned subsidiary of Unity Bancorp, Inc., issued $10.0 million of floating rate capital trust pass through securities to investors due on July 24, 2036. The subordinated debentures are redeemable in whole or part, prior to maturity but after July 24, 2011. The floating interest rate on the subordinated debentures is the three-month CME term SOFR plus 262 basis points and reprices quarterly. The floating interest rate was 6.189% at December 31, 2024 and 7.212% at December 31, 2023. ● In connection with the formation of the statutory business trust, the trust also issued $465 thousand of common equity securities to the Company, which together with the proceeds stated above were used to purchase the subordinated debentures, under the same terms and conditions. At December 31, 2024 and 2023, $310 thousand of the common equity securities remained. The capital securities in the above transaction have preference over the common securities with respect to liquidation and other distributions and qualify as Tier 1 capital. Under the terms of the Dodd-Frank Wall Street Reform and Consumer Protection Act, these securities will continue to qualify as Tier 1 capital as the Company has less than $15 billion in assets. In accordance with FASB ASC Topic 810, “Consolidation,” The Company has the ability to defer interest payments on the subordinated debentures for up to 5 years without being in default. Due to the redemption provisions of these securities, the expected maturity could differ from the contractual maturity. 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 Consolidated 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 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 interest rate payments. To meet this objective, Management enters into interest rate swap agreements whereby the Company receives variable interest rate payments and makes fixed interest rate payments during the contract period. At December 31, 2024, and 2023 the Company had no cash collateral pledged for these derivatives. A summary of the Company’s outstanding interest rate swap agreements used to hedge variable rate debt at December 31, 2024 and 2023, respectively is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2024 December 31, 2023 Notional amount ​ $ 20,000 ​ $ 20,000 ​ Fair value ​ $ 139 ​ $ 918 ​ Weighted average pay rate ​ 0.83 % 0.83 % Weighted average receive rate ​ 5.12 % 5.27 % Weighted average maturity in years ​ 0.19 ​ 1.57 ​ Number of contracts ​ 1 ​ 1 ​ ​ In the third quarter of 2024, to hedge floating rate liability exposure, the Company entered into a forward starting pay-fix, receive-float interest rate swap which will commence in the first quarter of 2025, maturing in the first quarter of 2028. The interest rate swap, which qualifies for hedge accounting, is tied to the Secured Overnight Financing Rate (SOFR) for a notional amount of $20.0 million. The effective fixed rate interest rate obligation to the Company is 2.89% . As of December 31, 2024, the fair value of the swap was $0.6 million. During the twelve months ended December 31, 2024 the Company received variable rate SOFR payments from and paid fixed rates in accordance with its interest rate swap agreements. The unrealized gains relating to interest rate swaps are recorded as a derivative asset and are included in Prepaid expenses and other assets in the Company’s Consolidated Balance Sheet. The unrealized losses are recorded as a derivative liability and are included in Accrued expenses and other liabilities. Changes in the fair value of 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 amount included in accumulated other comprehensive income would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining terms of the swaps. The following table presents the net losses recorded in other comprehensive income and the Consolidated Financial Statements relating to the cash flow derivative instruments at December 31, 2024 and 2023, respectively: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Loss recognized in OCI ​ ​ ​ ​ Gross of tax ​ $ (172) ​ $ (619) Net of tax ​ ​ (125) ​ ​ (450) Loss reclassified from AOCI into net income ​ ​ ​ ​ ​ ​ Gross of tax ​ ​ (925) ​ ​ (899) Net of tax ​ (671) ​ (635) ​

Leases and Commitments

Leases and Commitments	12 Months Ended
	Dec. 31, 2024
Leases and Commitments
Leases and Commitments	8. Leases and Commitments Leases Operating leases in which the Company is the lessee and the term is greater than 12 months, are recorded as right of use ("ROU") assets and lease liabilities, and are included in Prepaid expenses and other assets and Accrued expenses and other liabilities, respectively, on the Company’s Consolidated Balance Sheets. The Company does not currently have any finance leases in which it is the lessee. Operating lease ROU assets represent the Company’s right to use an underlying asset during the lease term and operating lease liabilities represent its obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company’s incremental borrowing rate. The borrowing rate for each lease is unique based on the lease term. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in Occupancy expense in the Consolidated Statements of Income. The Company’s leases relate primarily to the Company’s bank branches and office space with remaining lease terms of generally 1 to 10 years. Certain lease arrangements contain extension options which typically range from 1 to 5 years at the then fair market rental rates. Extension options which are reasonably certain to be exercised are included in the calculation of the ROU asset and lease liability. Certain real estate leases have lease payments that adjust based on annual changes in the Consumer Price Index ("CPI"). The leases that are dependent upon CPI are initially measured using the index or rate at the commencement date and are included in the measurement of the lease liability. Operating lease ROU assets totaled $4.6 million at December 31, 2024, compared to $5.2 million at December 31, 2023. As of December 31, 2024, operating lease liabilities totaled $4.8 million, compared to $5.3 million at December 31, 2023. The table below summarizes the Company’s net lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) ​ 2024 ​ 2023 Operating lease cost ​ $ 732 ​ $ 777 Net lease cost ​ $ 732 ​ $ 777 ​ The table below summarizes the cash and non-cash activities associated with the Company’s leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) ​ 2024 ​ 2023 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ Operating cash flows for operating leases ​ $ 711 ​ $ 742 ​ As of December 31, 2024 and December 31, 2023, the Company had no lease terminations. ​ The table below summarizes other information related to the Company’s operating leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 December 31, 2023 Weighted average remaining lease term in years ​ 9.47 ​ ​ 10.20 ​ Weighted average discount rate ​ 2.94 % ​ 3.04 % ​ The table below summarizes the maturity of remaining lease liabilities: ​ ​ ​ ​ ​ (In thousands) December 31, 2024 2025 ​ $ 703 2026 ​ 716 2027 ​ 672 2028 ​ 436 2029 ​ 428 2030 and thereafter ​ 2,399 Total lease payments ​ $ 5,354 Less: Interest ​ (580) Present value of lease liabilities ​ $ 4,774 ​ As of December 31, 2024 the Company had not entered into any material leases that have not yet commenced. Commitments to Borrowers Commitments to extend credit are legally binding loan commitments with set expiration dates. They are intended to be disbursed, subject to certain conditions, upon the request of the borrower. The Company was committed to advance approximately $322.3 million to its borrowers as of December 31, 2024, compared to $312.5 million at December 31, 2023. At December 31, 2024, $167.1 million of these commitments expire within one year, compared to $149.3 million a year earlier. At December 31, 2024, the Company had $5.5 million in standby letters of credit, compared to $5.7 million at December 31, 2023. The estimated fair value of these guarantees is not significant. The Company believes it has the necessary liquidity to honor all commitments. 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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income	9. Accumulated Other Comprehensive (Loss) Income The following tables shows the changes in other comprehensive (loss), net of tax income for the past two years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2024 ​ Net unrealized Net unrealized Accumulated ​ (losses) gains on gains (losses) from other ​ securities cash flow hedges comprehensive (In thousands) ​ net of tax net of tax (loss) income Balance, beginning of period $ (3,408) ​ $ 671 $ (2,737) Other comprehensive income (loss) before reclassifications ​ 755 ​ ​ (796) ​ (41) Less amounts reclassified from accumulated other comprehensive loss ​ — ​ ​ (671) ​ (671) Period change ​ 755 ​ (125) ​ 630 Balance, end of period ​ $ (2,653) ​ $ 546 ​ $ (2,107) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2023 ​ Net unrealized Net unrealized Accumulated ​ (losses) gains on gains (losses) from other ​ securities cash flow hedges comprehensive (In thousands) ​ net of tax net of tax (loss) income Balance, beginning of period $ (4,381) ​ $ 1,121 $ (3,260) Other comprehensive income (loss) before reclassifications ​ 870 ​ ​ (1,085) ​ (215) Less amounts reclassified from accumulated other comprehensive loss ​ (103) ​ ​ (635) ​ (738) Period change ​ 973 ​ (450) ​ 523 Balance, end of period ​ $ (3,408) ​ $ 671 ​ $ (2,737) ​

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2024
Shareholders' Equity
Shareholders' Equity	10. Shareholders’ Equity Repurchase Plan On August 1, 2024 the Board authorized a repurchase plan permitting the repurchase of up to 500 thousand shares, or approximately 5.0% of the Company’s outstanding common stock, in addition to the previously approved repurchase plan authorizing the repurchase of up to 500 thousand shares of common stock. A total of 229 thousand shares were repurchased at an average price of $27.05 during 2024, all of which were repurchased under the prior repurchase plan, leaving 685 thousand shares available for repurchase as of December 31, 2024. A total of 656 thousand shares were repurchased at an average price of $23.69 during 2023, leaving 414 thousand shares available for repurchase as of December 31, 2023. The timing and amount of additional purchases, if any, will depend upon several factors including the Company’s capital needs, the Company’s liquidity position, the performance of its loan portfolio, the need for additional provisions for credit losses and the market price of the Company’s stock. ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Taxes
Income Taxes	​ 11. Income Taxes The components of the provision for income taxes for the past two years are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Federal - current provision ​ $ 12,236 ​ $ 10,625 Federal - deferred benefit ​ (1,401) ​ (285) Total federal provision ​ 10,835 ​ 10,340 State - current provision ​ 2,451 ​ 2,750 State - deferred (benefit) provision ​ (346) ​ 198 Total state provision ​ 2,105 ​ 2,948 Total provision for income taxes ​ $ 12,940 ​ $ 13,288 ​ Reconciliation between the reported income tax provision and the amount computed by multiplying income before taxes by the statutory Federal income tax rate for the past two years is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands, except percentages) 2024 2023 Federal income tax provision at statutory rate of 21% ​ $ 11,422 ​ $ 11,129 ​ (Decreases) increases resulting from: ​ ​ ​ ​ ​ Stock option and restricted stock ​ (536) ​ (52) ​ Bank owned life insurance ​ (114) ​ (179) ​ Tax-exempt income ​ (15) ​ (3) ​ Meals and entertainment ​ 48 ​ 64 ​ Captive insurance premium ​ — ​ (244) ​ Non-deductible compensation ​ ​ 250 ​ ​ — ​ State income taxes, net of federal benefit ​ 1,663 ​ 2,329 ​ Other ​ 222 ​ 244 ​ Provision for income taxes ​ $ 12,940 ​ $ 13,288 ​ Effective tax rate ​ 23.8 % 25.1 % ​ Deferred income taxes are provided for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities. The components of the net deferred tax asset at December 31, 2024 and 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) December 31, 2024 December 31, 2023 Deferred tax assets: ​ ​ Allowance for credit losses ​ $ 7,168 ​ $ 6,940 SERP ​ 1,788 ​ 1,669 Stock-based compensation ​ 1,010 ​ 1,070 Deferred compensation ​ 1,750 ​ 1,329 Depreciation ​ 701 ​ 674 Deferred loan fees and costs, net ​ ​ 227 ​ ​ — Net unrealized securities losses ​ 1,755 ​ 1,759 Commitment reserve ​ 171 ​ 172 Net other deferred tax assets ​ 820 ​ 698 Gross deferred tax assets ​ 15,390 ​ 14,311 Deferred tax liabilities: ​ ​ ​ ​ Goodwill ​ 413 ​ 418 Deferred servicing fees ​ 40 ​ 74 REIT deferral ​ ​ 596 ​ ​ 929 Bond accretion ​ 32 ​ 49 Deferred loan fees and costs, net ​ ​ — ​ ​ 35 Interest rate swaps ​ 203 ​ 253 Gross deferred tax liabilities ​ 1,284 ​ 1,758 Net deferred tax asset ​ $ 14,106 ​ $ 12,553 ​ The Company computes deferred income taxes under the asset and liability method. Deferred income taxes are recognized for tax consequences of “temporary differences” by applying enacted statutory tax rates to differences between the financial reporting and the tax basis of existing assets and liabilities. A deferred tax liability is recognized for all temporary differences that will result in future taxable income. A deferred tax asset is recognized for all temporary differences that will result in future tax deductions subject to reduction of the asset by a valuation allowance. Included as a component of deferred tax assets is an income tax expense (benefit) related to unrealized gains (losses) on AFS debt securities and interest rate swaps. The after-tax component of each of these is included in other comprehensive income (loss) in shareholders’ equity. The after-tax component related to AFS debt securities was an unrealized loss of $2.7 million in 2024, compared to unrealized loss of $3.4 million in 2023. The after tax component related to the interest rate swaps was an unrealized gain of $0.5 million for 2024, compared to an unrealized gain of $0.7 million for 2023. The Company follows FASB ASC Topic 740, “Income Taxes,”

Net Income per Share

Net Income per Share	12 Months Ended
	Dec. 31, 2024
Net Income per Share
Net Income per Share	12. Net Income per Share The following is a reconciliation of the calculation of basic and diluted net income per share for the past two years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands, except per share amounts) 2024 2023 Net income ​ $ 41,450 ​ $ 39,707 Weighted average common shares outstanding - Basic ​ 10,031 ​ 10,207 Plus: Potential dilutive common stock equivalents ​ 171 ​ 131 Weighted average common shares outstanding - Diluted ​ 10,202 ​ 10,338 Net income per common share - Basic ​ $ 4.13 ​ $ 3.89 Net income per common share - Diluted ​ 4.06 ​ 3.84 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive ​ — ​ — ​

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2024
Regulatory Capital
Regulatory Capital	13. 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 capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting and other factors. ​ The minimum capital level requirements include: (i) a Tier 1 leverage ratio of 4% (ii) common equity Tier 1 capital ratio of 4.5%; (iii) a Tier 1 capital ratio of 6%; and (iv) a total capital ratio of 8% for all institutions. The Bank is also required to maintain a “capital conservation buffer” of 2.5% above the regulatory minimum 1 1 total ​ The following table shows information regarding the Company’s and the Bank’s regulatory capital levels at December 31, 2024 and at December 31, 2023, as if the Company were subject to consolidated capital requirements. As of December 31, 2024, the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, an institution must maintain minimum total risk-based, common equity Tier 1 risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following tables. There are no conditions or events since the notification that Management believes have changed the Bank’s category. Management believes that the Company and the Bank meet all capital adequacy requirements to which they are subject. Due to a Federal Reserve policy applicable to bank holding companies with less than $3 billion in consolidated assets, the Company is not subject to consolidated capital requirements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital (to risk-weighted assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Consolidated $ 332,700 ​ ​ 15.62 % ​ $ 170,364 ​ 8.00 % ​ $ 212,955 ​ 10.00 % Bank ​ 324,763 ​ ​ 15.37 ​ ​ ​ 169,013 ​ 8.00 ​ ​ ​ 211,266 ​ 10.00 ​ Common equity tier 1 (to risk-weighted assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Consolidated ​ 296,071 ​ ​ 13.90 ​ ​ ​ 95,830 ​ 4.50 ​ ​ ​ 138,421 ​ 6.50 ​ Bank ​ 298,342 ​ ​ 14.12 ​ ​ ​ 95,070 ​ 4.50 ​ ​ ​ 137,323 ​ 6.50 ​ Tier 1 capital (to risk-weighted assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Consolidated ​ 306,071 ​ ​ 14.37 ​ ​ ​ 127,773 ​ 6.00 ​ ​ ​ 170,364 ​ 8.00 ​ Bank ​ 298,342 ​ ​ 14.12 ​ ​ ​ 126,760 ​ 6.00 ​ ​ ​ 169,013 ​ 8.00 ​ Tier 1 capital (to average total assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Consolidated ​ 306,071 ​ ​ 12.22 ​ ​ ​ 100,150 ​ 4.00 ​ ​ ​ 125,187 ​ 5.00 ​ Bank ​ 298,342 ​ ​ 11.95 ​ ​ ​ 99,844 ​ 4.00 ​ ​ ​ 124,806 ​ 5.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital (to risk-weighted assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company 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 ​ (1) The Bank elected to cease being subject to the CBLR effective December 31, 2023 and to report its capital ratios using standard regulatory measures.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2024
Employee Benefit Plans
Employee Benefit Plans	14. 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Weighted ​ average ​ ​ ​ ​ ​ ​ ​ average ​ remaining ​ Aggregate ​ ​ ​ ​ exercise ​ contractual ​ intrinsic ​ ​ Shares ​ price ​ life in years ​ value Outstanding at December 31, 2022 559,499 ​ $ 18.09 5.9 ​ $ 5,168,740 Options granted — ​ — ​ ​ ​ Options exercised (87,701) ​ 19.03 ​ ​ ​ Options forfeited (666) ​ 18.64 ​ ​ ​ Options expired — ​ — ​ ​ ​ Outstanding at December 31, 2023 471,132 ​ $ 17.92 4.9 ​ $ 5,500,080 Options granted — ​ — ​ ​ ​ Options exercised (130,733) ​ 14.81 ​ ​ ​ Options forfeited — ​ — ​ ​ ​ Options expired — ​ — ​ ​ ​ Outstanding at December 31, 2024 340,399 ​ $ 19.11 4.4 ​ $ 8,340,435 Exercisable at December 31, 2024 ​ 340,399 ​ $ 19.11 4.4 ​ $ 8,340,435 ​ 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 December 31, 2024, 281,500 options and 345,850 shares of restricted stock have been awarded from the plans. In addition, 16,162 unvested options and 24,537 unvested shares of restricted stock were cancelled and returned to the plans, leaving 402,574 shares available for future grants. ​ There were no options granted during 2024 and 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 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2024 2023 Number of options exercised ​ 130,733 ​ 87,701 Total intrinsic value of options exercised ​ $ 2,639,413 ​ $ 607,936 Cash received from options exercised ​ ​ 1,936,351 ​ ​ 1,669,237 Tax deduction realized from options ​ ​ 741,939 ​ ​ 182,898 ​ The following table summarizes information about stock options outstanding at December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding ​ Options exercisable ​ ​ ​ ​ Weighted average Weighted ​ Weighted ​ Range of ​ Options ​ remaining contractual ​ average ​ Options ​ average ​ exercise prices ​ outstanding ​ life (in years) ​ exercise price ​ exercisable ​ exercise price $ 8.94-12.34 23,000 ​ 1.1 ​ $ 10.00 ​ 23,000 $ 10.00 ​ 12.35-15.75 7,333 ​ 2.0 ​ 15.70 ​ 7,333 15.70 ​ 15.76-19.16 118,666 ​ 4.9 ​ 17.71 ​ 118,666 17.71 ​ 19.17-22.57 191,400 ​ 4.6 ​ 21.20 ​ 191,400 21.20 ​ Total 340,399 ​ 4.4 ​ $ 19.11 ​ 340,399 $ 19.11 ​ FASB ASC Topic 718, “Compensation - Stock Compensation,” requires an entity to recognize the fair value of equity awards as compensation expense over the period during which an employee is required to provide service in exchange for such an award (vesting period). Compensation expense related to stock options and the related income tax benefit for the years ended December 31, 2024 and 2023 are detailed in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2024 2023 Compensation expense ​ $ 33 ​ $ 312 Income tax benefit ​ ​ 9 ​ ​ 90 ​ As of December 31, 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 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 year ended December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ Average grant ​ ​ Shares ​ date fair value Nonvested restricted stock at December 31, 2023 164,634 ​ ​ 24.46 Granted 77,950 ​ ​ 28.84 Cancelled (9,287) ​ ​ 27.02 Vested (58,049) ​ ​ 23.87 Nonvested restricted stock at December 31, 2024 175,248 ​ ​ 26.47 ​ Restricted stock awards granted during the years ended December 31, 2024 and 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2024 2023 Number of shares granted ​ 77,950 ​ 58,500 Average grant date fair value ​ $ 28.84 ​ $ 22.93 ​ Compensation expense related to the restricted stock for the years ended December 31, 2024 and 2023, is detailed in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2024 2023 Compensation expense ​ $ 1,790 ​ $ 1,439 Income tax benefit ​ ​ 501 ​ ​ 416 ​ As of December 31, 2024, there was approximately $3.3 million of unrecognized compensation cost related to nonvested restricted stock awards granted under the Company’s stock incentive plans. That cost is expected to be recognized over a weighted average period of 2.4 years. 401(k) Savings Plan The Bank has a 401(k) savings plan covering substantially all employees. Under the 401(k) plan, an employee can contribute up to 75 percent of their salary on a tax deferred basis. The Bank may also make discretionary contributions to the 401(k) plan. The Bank contributed $0.9 million and $0.8 million to the Plan in 2024 and 2023, respectively. Deferred Compensation Plan The Company has a deferred compensation plan for Directors and eligible Management. Directors of the Company have the option to elect to defer up to 100 percent of their respective retainer and Board of Director fees, and each eligible member of Management has the option to elect to defer up to 100 percent of their cash based compensation. Director and Management deferred compensation totaled $1.0 million in 2024 and $1.0 million in 2023, and the interest paid on deferred balances totaled $0.5 million in 2024 and $0.4 million in 2023. The deferred balances distributed totaled $14 thousand in 2024 and $724 thousand in 2023. The total deferred balances included in the Company’s Consolidated Balance Sheet were $6.4 million and $4.8 million as of December 31, 2024 and 2023, respectively. Benefit Plans In addition to the 401(k) savings plan which covers substantially all employees, in 2015 the Company established an unfunded supplemental defined benefit plan to provide additional retirement benefits for the President and Chief Executive Officer (“CEO”) and unfunded, non-qualified deferred retirement plans for certain other key executives. On June 4, 2015, the Company approved the Supplemental Executive Retirement Plan (“SERP”) pursuant to which the President and CEO is entitled to receive certain supplemental nonqualified retirement benefits. The retirement benefit under the SERP is an amount equal to sixty percent (60%) of the average of the President and CEO’s base salary for the thirty-six (36) months immediately preceding the executive’s separation from service after age 66, adjusted annually thereafter by a percentage equal to the Consumer Price Index as reported by the U.S. Bureau of Labor Statistics for All Urban Consumers (CPI-U). The total benefit is to be made payable in fifteen annual installments. The future payments are estimated to total $8.8 million. A discount rate of four percent (4%) was used to calculate the present value of the benefit obligation. The President and CEO commenced vesting in this retirement benefit on January 1, 2014, and fully vested on January 1, 2024. No contributions or payments have been made for the year 2024 or 2023. The following table summarizes the components of the net periodic pension cost of the defined benefit plan recognized during the years ended December 31, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Service cost ​ $ 797 ​ $ 224 Interest cost ​ 241 ​ 203 Net periodic benefit cost ​ $ 1,038 ​ $ 427 ​ For the years ended December 31, 2024 and 2023, service cost and interest cost were included in Compensation and benefits expense on the Consolidated Statements of Income. The following table summarizes the changes in benefit obligations of the defined benefit plan recognized during the years ended December 31, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Benefit obligation, beginning of year ​ $ 5,284 ​ $ 4,857 Service cost ​ 797 ​ 224 Interest cost ​ 241 ​ 203 Benefit obligation, end of period ​ $ 6,322 ​ $ 5,284 ​ On October 22, 2015, the Company entered into an Executive Incentive Retirement Plan (the “EIRP”) with key executive officers other than the President and CEO. The EIRP has an effective date of January 1, 2015. The EIRP is an unfunded, nonqualified deferred compensation plan. For any EIRP Year, a guaranteed annual Deferral Award, equal to seven and one half percent (7.5%) of the participant’s annual base salary, may be credited to each Participant’s Deferred Benefit Account. A discretionary annual Deferral Award, equal to seven and one half percent (7.5%) of the participant’s annual base salary, may be credited to the Participant’s account in addition to the guaranteed Deferral Award, if the Bank exceeds the benchmarks set forth in the Annual Executive Bonus Matrix. The total Deferral Award shall never exceed fifteen percent (15%) of the participant’s base salary for any given Plan Year. Each Participant shall be one hundred percent (100%) vested in all Deferral Awards as of the date they are awarded. As of December 31, 2024, the Company had total expenses related to the EIRP of $124 thousand, compared to $132 thousand in 2023. The EIRP is reflected on the Company’s Consolidated Balance Sheet as Accrued expenses and other assets. Certain members of Management are also enrolled in a split-dollar life insurance plan with a post retirement death benefit of $250 thousand.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2024
Fair Value
Fair Value	15. Fair Value Fair Value Measurement The Company follows FASB ASC Topic 820, “Fair Value Measurement and Disclosures,” reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed as follows: Level 1 Inputs ● Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ● Generally, this includes debt and equity securities and derivative contracts that are traded in an active exchange market (i.e. New York Stock Exchange). 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 sponsored mortgage-backed securities, asset backed securities, corporate debt securities and derivative contracts. Level 3 Inputs ● Prices or valuation techniques that require inputs that are both unobservable (i.e. supported by little or no market activity) and that are significant to the fair value of the assets or liabilities. ● These assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Fair Value on a Recurring Basis The following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis: Debt Securities Available for Sale The fair value of available for sale ("AFS") debt securities is the market value based on quoted market prices, when available, or market prices provided by recognized broker dealers (Level 1). If listed prices or quotes are not available, fair value is based upon quoted market prices for similar or identical assets or other observable inputs (Level 2) or models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). As of December 31, 2024, the fair value of the Company’s AFS debt securities portfolio was $93.9 million. The portfolio contains residential mortgage-backed securities, most of which, are guaranteed by the Government National Mortgage Association (“GNMA”), the Federal National Mortgage Association (“FNMA”) or the Federal Home Loan Mortgage Corporation (“FHLMC”). The underlying loans for these securities are residential mortgages that are geographically dispersed throughout the United States. Most of the Company’s AFS debt securities were classified as Level 2 assets at December 31, 2024. The valuation of AFS debt securities using Level 2 inputs was primarily determined using the market approach, which uses quoted prices for similar assets or liabilities in active markets and all other relevant information. It includes model pricing, defined as valuing securities based upon their relationship with other benchmark securities. Included in the Company’s AFS debt securities are certain corporate bonds which are classified as Level 3 assets at December 31, 2024. The valuation of these corporate bonds is determined using broker quotes, third-party vendor prices, or other valuation techniques, such as discounted cash flow techniques. Market inputs used in the other valuation techniques or underlying third-party vendor prices or broker quotes include benchmark and government bond yield curves, credit spreads, and trade execution data. The following table presents a reconciliation of the Level 3 AFS debt securities measured at fair value on a recurring basis for the years ended December 31, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and Other Securities (In thousands) 2024 2023 Balance of Recurring Level 3 assets at January 1 $ 7,979 $ 4,675 Activity ​ ​ ​ ​ ​ ​ Unrealized holding gains (losses) included in other comprehensive income ​ 263 ​ (413) Principal Payments ​ ​ (213) ​ ​ — Transfers into Level 3 ​ ​ — ​ ​ 3,717 Unrealized holding losses included in net income ​ (1,541) ​ — Balance of recurring Level 3 assets at December 31 ​ $ 6,488 ​ $ 7,979 ​ Equity Securities with Readily Determinable Fair Values The fair value of equity securities is the market value based on quoted market prices, when available, or market prices provided by recognized broker dealers (Level 1). If listed prices or quotes are not available, fair value is based upon quoted market prices for similar or identical assets or other observable inputs (Level 2) or externally developed models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). As of December 31, 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 December 31, 2024 and 2023. The valuation of securities using Level 1 inputs was primarily determined by active markets with readily determinable fair value using quoted market prices. There were no changes in the inputs or methodologies used to determine fair value during the period ended December 31, 2024, as compared to the period ended December 31, 2023. Interest Rate Swap Agreements The fair value of interest rate swap agreements is the market value based on quoted market prices, when available, or market prices provided by recognized broker dealers (Level 1). If listed prices or quotes are not available, fair value is based upon quoted market prices for similar or identical assets or other observable inputs (Level 2) or externally developed models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). The Company’s derivative instruments are classified as Level 2 assets, as the readily observable market inputs to these models are validated to external sources, such as industry pricing services, or are corroborated through recent trades, dealer quotes, yield curves, implied volatility or other market-related data. The tables below present the balances of assets measured at fair value on a recurring basis as of December 31 st ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2024 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ Assets/Liabilities ​ Active Markets ​ Significant Other ​ Significant ​ ​ Measured at Fair ​ for Identical ​ Observable ​ Unobservable (In thousands) Value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Measured on a recurring basis: ​ ​ ​ ​ Assets: ​ ​ ​ ​ Debt securities available for sale: ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 14,759 ​ $ — ​ $ 14,759 ​ $ — State and political subdivisions ​ 333 ​ — ​ 333 ​ — Residential mortgage-backed securities ​ 12,286 ​ — ​ 12,286 ​ — Asset backed securities ​ ​ 39,392 ​ ​ — ​ ​ 39,392 ​ ​ — Corporate and other securities ​ 27,114 ​ — ​ 20,626 ​ 6,488 Total debt securities available for sale ​ $ 93,884 ​ $ — ​ $ 87,396 ​ $ 6,488 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ $ 9,850 ​ $ 9,850 ​ $ — ​ $ — Total equity securities ​ $ 9,850 ​ $ 9,850 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ $ 742 ​ $ — ​ $ 742 ​ $ — Total swap agreements ​ $ 742 ​ $ — ​ $ 742 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value Measurements at December 31, 2023 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ Assets/Liabilities ​ Active Markets ​ Significant Other ​ Significant ​ ​ Measured at Fair ​ for Identical ​ Observable ​ Unobservable (In thousands) Value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Measured on a recurring basis: ​ ​ ​ ​ Assets: ​ ​ ​ ​ Debt securities available for sale: ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 16,033 ​ $ — ​ $ 16,033 ​ $ — State and political subdivisions ​ 360 ​ — ​ 360 ​ — Residential mortgage-backed securities ​ 14,077 ​ — ​ 14,077 ​ — Asset backed securities ​ ​ 35,403 ​ ​ — ​ ​ 35,403 ​ ​ — Corporate and other securities ​ 25,892 ​ — ​ 17,913 ​ 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 December 31, 2024 and 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 December 31, 2024 Using ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ Assets/Liabilities ​ Markets for ​ Observable ​ Unobservable ​ ​ Measured at Fair ​ Identical Assets ​ Inputs ​ Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Measured on a non-recurring basis: ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ Collateral-dependent loans ​ $ 6,520 ​ $ — ​ $ — ​ $ 6,520 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2023 Using ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ Assets/Liabilities ​ Markets for ​ Observable ​ Unobservable ​ ​ Measured at Fair ​ Identical Assets ​ Inputs ​ Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Measured on a non-recurring basis: ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ Collateral-dependent loans ​ $ 4,755 ​ $ — ​ $ — ​ $ 4,755 ​ Certain assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following is a description of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis: Collateral-Dependent Loans Fair value is determined based on the fair value of the collateral. Partially charged-off loans are measured for impairment based upon a third-party appraisal for collateral-dependent loans. 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 ability to collect is reasonably assured or when the loan is brought current as to principal and interest. 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. The valuation allowance for individually evaluated loans was $1.0 million at December 31, 2023 and December 31, 2024. 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 individually evaluated 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 (not presented previously) presented as of December 31 st ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ Carrying ​ ​ ​ ​ ​ ​ (In thousands) amount Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ Debt securities held to maturity $ 41,294 ​ $ — ​ $ 33,814 ​ $ — SBA loans held for sale 12,163 ​ — ​ 12,896 ​ — Loans, net of allowance for credit losses 2,221,707 ​ — ​ 2,152,080 ​ 6,520 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ Deposits 2,100,313 ​ — ​ 2,095,365 ​ — Borrowed funds and subordinated debentures 230,814 ​ — ​ 230,576 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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-statement of condition financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. In addition, the tax ramifications related to the effect of fair value estimates have not been considered in the above estimates.

Condensed Financial Statements

Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only)
Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only)	16. Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only) Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (In thousands) 2024 2023 ASSETS ​ ​ Cash and cash equivalents ​ $ 350 ​ $ 1,410 Debit securities, available for sale ​ ​ — ​ ​ 1,478 Equity securities ​ 3,732 ​ 3,559 Investment in subsidiaries ​ 297,853 ​ 260,879 Premises and equipment, net ​ 3,506 ​ 3,480 Other assets ​ 482 ​ 1,303 Total assets ​ $ 305,923 ​ $ 272,109 LIABILITIES AND SHAREHOLDERS’ EQUITY ​ ​ Other liabilities ​ 30 ​ 369 Subordinated debentures ​ 10,310 ​ 10,310 Shareholders’ equity ​ 295,583 ​ 261,430 Total liabilities and shareholders’ equity ​ $ 305,923 ​ $ 272,109 ​ Statements of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, (In thousands) 2024 2023 Dividend from Bank ​ $ 6,196 ​ $ 15,188 Dividend from Nonbank subsidiary ​ ​ — ​ ​ 1,235 Gain on sales of securities ​ 54 ​ 345 Market value appreciation on equity securities ​ ​ 575 ​ ​ — Other income ​ 793 ​ 760 Total income ​ 7,618 ​ 17,528 Interest expenses ​ 718 ​ 695 Market value depreciation on equity securities ​ ​ — ​ ​ 444 Other expenses ​ 170 ​ 265 Total expenses ​ 888 ​ 1,404 Income before provision for income taxes and equity in undistributed net income of subsidiary ​ 6,730 ​ 16,124 Income tax expense (benefit) ​ 121 ​ (114) Income before equity in undistributed net income of subsidiary ​ 6,609 ​ 16,238 Equity in undistributed net income of subsidiaries ​ 34,841 ​ 23,469 Net income ​ $ 41,450 ​ $ 39,707 ​ Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, (In thousands) 2024 2023 OPERATING ACTIVITIES ​ ​ Net income ​ $ 41,450 ​ $ 39,707 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ Equity in undistributed net income of subsidiaries ​ (34,841) ​ (23,469) Gain on sales of securities ​ (54) ​ (345) Net accretion of purchase premiums and discounts on securities ​ (17) ​ — Net change in other assets and other liabilities ​ 280 ​ 349 Net cash provided by operating activities ​ 6,818 ​ 16,242 INVESTING ACTIVITIES ​ ​ Purchases of equity securities ​ (247) ​ (126) Proceeds from business divestitures ​ ​ — ​ ​ 2,034 Maturities and principal payments on securities available for sale ​ ​ 1,495 ​ ​ — Purchases of premises and equipment ​ ​ (160) ​ ​ — Proceeds from sales of securities ​ 785 ​ 2,166 Net cash (used in) provided by investing activities ​ 1,873 ​ 4,074 FINANCING ACTIVITIES ​ ​ Proceeds from exercise of stock based compensation, net of taxes ​ 1,480 ​ 1,284 Repayment of advances from subsidiaries ​ — ​ (2,002) Purchase of treasury stock ​ ​ (6,210) ​ ​ (15,692) Cash dividends paid on common stock ​ (5,021) ​ (4,721) Net cash used in financing activities ​ (9,751) ​ (21,131) Decrease in cash and cash equivalents ​ (1,060) ​ (815) Cash and cash equivalents, beginning of period ​ 1,410 ​ 2,225 Cash and cash equivalents, end of period ​ $ 350 ​ $ 1,410 SUPPLEMENTAL DISCLOSURES ​ ​ Interest paid ​ $ 722 ​ $ 786 ​

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2024
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)	Supplementary Data (Unaudited) Quarterly Financial Information The following quarterly financial information for the years ended December 31, 2024 and 2023 is unaudited. However, in the opinion of Management, all adjustments, which include normal recurring adjustments necessary to present fairly the results of operations for the periods, are reflected. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 (In thousands, except per share data) December 31 September 30 June 30 March 31 Total interest income ​ $ 40,264 ​ $ 39,550 ​ $ 37,987 ​ $ 37,937 Total interest expense ​ 13,774 ​ 14,694 ​ 14,563 ​ 14,096 Net interest income ​ 26,490 ​ 24,856 ​ 23,424 ​ 23,841 Provision for credit losses ​ 1,300 ​ 1,080 ​ 926 ​ 643 Net interest income after provision for credit losses ​ 25,190 ​ 23,776 ​ 22,498 ​ 23,198 Total noninterest income ​ 1,916 ​ 2,803 ​ 2,032 ​ 1,718 Total noninterest expense ​ 12,617 ​ 12,012 ​ 11,980 ​ 12,132 Income before provision for income taxes ​ 14,489 ​ 14,567 ​ 12,550 ​ 12,784 Provision for income taxes ​ 2,984 ​ 3,662 ​ 3,096 ​ 3,198 Net income ​ $ 11,505 ​ $ 10,905 ​ $ 9,454 ​ $ 9,586 Net income per common share - Basic ​ $ 1.15 ​ $ 1.09 ​ $ 0.94 ​ $ 0.95 Net income per common share - Diluted ​ 1.13 ​ 1.07 ​ 0.92 ​ 0.94 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 (In thousands, except per share data) December 31 September 30 June 30 March 31 Total interest income ​ $ 37,758 ​ $ 36,990 ​ $ 35,392 ​ $ 33,354 Total interest expense ​ 13,727 ​ 13,457 ​ 11,870 ​ 9,443 Net interest income ​ 24,031 ​ 23,533 ​ 23,522 ​ 23,911 Provision for credit losses ​ 1,811 ​ 556 ​ 693 ​ 108 Net interest income after provision for credit losses ​ 22,220 ​ 22,977 ​ 22,829 ​ 23,803 Total noninterest income ​ 2,568 ​ 2,043 ​ 2,115 ​ 1,416 Total noninterest expense ​ 11,740 ​ 11,973 ​ 11,835 ​ 11,428 Income before provision for income taxes ​ 13,048 ​ 13,047 ​ 13,109 ​ 13,791 Provision for income taxes ​ 3,278 ​ 3,097 ​ 3,409 ​ 3,504 Net income ​ $ 9,770 ​ $ 9,950 ​ $ 9,700 ​ $ 10,287 Net income per common share - Basic ​ $ 0.97 ​ $ 0.98 ​ $ 0.96 ​ $ 0.98 Net income per common share - Diluted ​ 0.96 ​ 0.97 ​ 0.95 ​ 0.96 ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 11,505	$ 10,905	$ 9,454	$ 9,586	$ 9,770	$ 9,950	$ 9,700	$ 10,287	$ 41,450	$ 39,707

Insider Trading Arrangements

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

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Risk Management and Governance Cybersecurity is a material part of Unity Bank’s business. As a technology forward financial institution offering products through multiple digital delivery channels, cybersecurity incidents could have a material effect on the Company, its results of operations and its reputation. To date, the Company has not experienced any cybersecurity incident which has had a material effect on the Company’s business strategy, results of operations or financial condition, although increased use of technology will expose us to greater risk of breaches in security and or service disruptions. In order to ensure that cybersecurity risk management is integrated into the Company’s overall risk management plans, systems and processes, the ITSC and Chief Information Officer provide reports and updates to the Board of Directors, or a Committee thereof on a quarterly basis. ​ The Company’s cybersecurity risk mitigation program involves a combination of internal resources and the use of third parties. The Company’s internal IT team performs monthly vulnerability scanning and performs an annual risk assessment based on the National Institute of Standards and Technology Cybersecurity Framework. The results are reported to the ITSC. ​ In addition to these internal resources, the Company uses a third party vendor to complete annual penetration and vulnerability testing, with the results reported to the ITSC. Finally, the Company’s cybersecurity compliance program is audited by the Bank’s outsourced internal auditor. ​ The Company also maintains insurance which may provide coverage for expenses and certain losses incurred in connection with a cybersecurity incident. ​ Cybersecurity Incident Response Planning The Company has established a comprehensive cybersecurity incident response plan to ensure the swift and effective handling of any potential security breaches. This plan includes detailed procedures for identifying, assessing, and mitigating cybersecurity threats, as well as protocols for communication and coordination with relevant stakeholders. Regular training and simulations are conducted to keep the Company’s response team prepared for various scenarios, ensuring minimal disruption to its operations and safeguarding the Company’s customers’ data.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	In order to ensure that cybersecurity risk management is integrated into the Company’s overall risk management plans, systems and processes, the ITSC and Chief Information Officer provide reports and updates to the Board of Directors, or a Committee thereof on a quarterly basis.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	In order to ensure that cybersecurity risk management is integrated into the Company’s overall risk management plans, systems and processes, the ITSC and Chief Information Officer provide reports and updates to the Board of Directors, or a Committee thereof on a quarterly basis. ​ The Company’s cybersecurity risk mitigation program involves a combination of internal resources and the use of third parties. The Company’s internal IT team performs monthly vulnerability scanning and performs an annual risk assessment based on the National Institute of Standards and Technology Cybersecurity Framework. The results are reported to the ITSC. ​ In addition to these internal resources, the Company uses a third party vendor to complete annual penetration and vulnerability testing, with the results reported to the ITSC. Finally, the Company’s cybersecurity compliance program is audited by the Bank’s outsourced internal auditor. ​ The Company also maintains insurance which may provide coverage for expenses and certain losses incurred in connection with a cybersecurity incident.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Committee
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	ITSC and Chief Information Officer provide reports and updates to the Board of Directors, or a Committee thereof on a quarterly basis.
Cybersecurity Risk Role of Management [Text Block]	Cybersecurity risk is initially overseen by the management Information Technology Steering Committee (the “ITSC”). The members of this committee include the Company’s Chief Information Officer, Chief Compliance Officer (who is also the Information Security Officer), Chief Executive Officer, Chief Financial officer and other critical executive management members. The ITSC also includes a non-voting member that is an outsourced cybersecurity expert. ​ Over his 17-year career, the Company’s Chief Information Officer has served in multiple Information Technology and Cybersecurity roles, such as Senior Engineer, responsible for implementing hardened infrastructure for both physical and cloud applications; Solutions Architect, designing infrastructures for highly regulated industries including Financial Services, Local/State Government and Healthcare; Director of Service Delivery, overseeing engineering, solutions architecture and maintaining the System and Organization Controls (SOC) program prior to joining Unity Bank. During his tenure at Unity Bank, he is a member of various Risk and Cybersecurity Committees of the New Jersey Bankers Association, is a member of FS-ISAC, The Independent Community Bankers of America and our primary banking vendors advisory and risk management committees. ​ The Company’s Chief Compliance Officer was appointed as the Company’s Information Security Officer in 2016. ​ The Virtual Information Security Officer (vISO), an outsourced consultant, has an over 19-year career in Information Technology, Cybersecurity and both Internal/External Audit experience. He presently holds a position of Partner of Herbein, COA Advisor & Audit, where he’s held multiple positions within Information Technology and Cybersecurity. ​ The Company’s Information Technology Manager has an over 26-year career in Information Technology, the prior 13-years of which have been in Information Technology, Security and Cybersecurity, working primarily in regulated industries.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Information Technology Steering Committee
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Over his 17-year career, the Company’s Chief Information Officer has served in multiple Information Technology and Cybersecurity roles, such as Senior Engineer, responsible for implementing hardened infrastructure for both physical and cloud applications; Solutions Architect, designing infrastructures for highly regulated industries including Financial Services, Local/State Government and Healthcare; Director of Service Delivery, overseeing engineering, solutions architecture and maintaining the System and Organization Controls (SOC) program prior to joining Unity Bank. During his tenure at Unity Bank, he is a member of various Risk and Cybersecurity Committees of the New Jersey Bankers Association, is a member of FS-ISAC, The Independent Community Bankers of America and our primary banking vendors advisory and risk management committees. ​ The Company’s Chief Compliance Officer was appointed as the Company’s Information Security Officer in 2016. ​ The Virtual Information Security Officer (vISO), an outsourced consultant, has an over 19-year career in Information Technology, Cybersecurity and both Internal/External Audit experience. He presently holds a position of Partner of Herbein, COA Advisor & Audit, where he’s held multiple positions within Information Technology and Cybersecurity. ​ The Company’s Information Technology Manager has an over 26-year career in Information Technology, the prior 13-years of which have been in Information Technology, Security and Cybersecurity, working primarily in regulated industries.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	In addition to these internal resources, the Company uses a third party vendor to complete annual penetration and vulnerability testing, with the results reported to the ITSC. Finally, the Company’s cybersecurity compliance program is audited by the Bank’s outsourced internal auditor.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies
Overview	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”). All significant intercompany balances and transactions have been eliminated in consolidation. Unity Bancorp, Inc. is a financial holding company incorporated in New Jersey and registered under the Bank Holding Company Act of 1956, as amended. Its wholly-owned subsidiary, the Bank, is chartered by the New Jersey Department of Banking and Insurance. The Bank provides a full range of commercial and retail banking services through twenty-one branch offices located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren counties in New Jersey and Northampton County in Pennsylvania. These services include the acceptance of demand, savings and time deposits and the extension of consumer, real estate, SBA and other commercial credits. Unity Investment Services, Inc. is a wholly-owned subsidiary of Unity Bank and is used to hold and administer part of the Bank’s investment portfolio. Unity Investment Services, Inc. has one subsidiary, Unity Delaware Investment 2, Inc., which has three subsidiaries. Unity Strategic Investment I, Inc. and Unity Strategic Investment II, Inc. and Unity NJ REIT, Inc., which was formed in 2013 to hold real estate related loans. The Company has a wholly-owned subsidiary: Unity (NJ) Statutory Trust II. For additional information on Unity (NJ) Statutory Trust II, see Note 7 to the Consolidated Financial Statements. In 2023, the Company dissolved Unity Risk Management, Inc. which was the Company’s captive insurance company that insured risks to the Bank not insured by the traditional commercial insurance market.
Use Of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements In preparing the consolidated financial statements in conformity with U.S. GAAP, Management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Balance Sheet and Statement of Income for the periods indicated. Amounts requiring the use of significant estimates include the allowance for credit losses. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and interest-bearing deposits.
Restrictions on Cash	Restrictions on Cash In addition, the Company’s contract with its current electronic funds transfer provider requires a predetermined balance be maintained in a settlement account controlled by the provider equal to the Company’s average daily net settlement position multiplied by four days. The required balance was $262 thousand as of December 31, 2024 and 2023, respectively. This balance can be adjusted periodically to reflect actual transaction volume and seasonal factors.
Securities	Securities The Company classifies its securities into three categories, debt securities available for sale (“AFS”), debt securities held to maturity (“HTM”) and equity securities with readily determinable fair values ("equity securities"). ​ Debt securities that are classified as available for sale are stated at fair value. Unrealized gains and losses on debt securities available for sale are excluded from results of operations and are reported in other comprehensive income, a separate component of shareholders’ equity, net of taxes. Debt securities classified as available for sale include debt securities that may be sold in response to changes in interest rates, changes in prepayment risks, for asset/liability management purposes or liquidity needs. The cost of debt securities sold is determined on a specific identification basis. Gains and losses on sales of debt securities are recognized in the Consolidated Statements of Income on a trade date basis. Debt securities are classified as held to maturity based on Management’s intent and ability to hold them to maturity. Such debt securities are stated at cost, adjusted for unamortized purchase premiums and discounts. For debt securities, purchase discounts are accreted using the interest method over the stated terms of the securities; whereas purchase premiums are amortized through the earliest call date. Equity securities are investments carried at fair value that may be sold in response to changing market and interest rate conditions or for other business purposes. Activity in this portfolio is undertaken primarily to manage liquidity and interest rate risk, to take advantage of market conditions that create economically attractive returns and as an additional source of earnings. Periodic net gains and losses on equity investments are recognized in the Consolidated Statements of Income as realized gains and losses. For additional information on securities, see Note 2 to the Consolidated Financial Statements.
Valuation Allowance - Debt Securities	Valuation Allowance – Debt Securities The Company has a process in place to identify debt securities that could potentially incur credit impairment. This process involves monitoring late payments, pricing levels, downgrades by rating agencies, key financial ratios, financial statements, revenue forecasts and cash flow projections as indicators of credit issues. Management evaluates debt securities for impairment at least on a quarterly basis and more frequently when economic or market concern warrants such evaluation. This evaluation considers relevant facts and circumstances in evaluating whether there is credit or interest rate-related impairment of a security. The CECL standard requires credit losses on both HTM and AFS debt securities to be recognized through a valuation allowance instead of as a direct write-down to the amortized cost basis of the security. Management assesses its intent to sell and whether it is more likely than not that it will be required to sell a security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered impaired where Management has no intent to sell and the Company has no requirement to sell prior to recovery of its amortized cost basis, the amount of the impairment is separated into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings as provision expense and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the security’s fair value and the present value of future expected cash flows due to factors that are not credit related is recognized in other comprehensive income. For debt securities where Management has the intent to sell, the amount of the impairment is reflected in earnings as realized losses. The present value of expected future cash flows is determined using the best estimate cash flows discounted at the effective interest rate implicit to the security at the date of purchase or the current yield to accrete an asset-backed or floating rate security. The methodology and assumptions for establishing the best estimate cash flows vary depending on the type of security. The asset-backed securities cash flow estimates are based on bond specific facts and circumstances that may include collateral characteristics, expectations of delinquency and default rates, loss severity and prepayment speeds and structural support, including subordination and guarantees. The corporate bond cash flow estimates are derived from scenario-based outcomes of expected corporate restructurings or the disposition of assets using bond specific facts and circumstances including timing, security interests and loss severity. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies for available for sale and held to maturity securities. 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. The Company considers a debt security to be past due in terms of payment based on its contractual terms. A debt security may be placed on nonaccrual, with interest no longer recognized, when collectability of principal or interest is doubtful. A security may be partially or fully charged-off against the allowance if it is determined to be uncollectible. Recoveries of previously charged-off available for sale securities are recognized when received, while recoveries on held to maturity securities are recognized when expected. For additional information on the allowance for credit losses, see Note 4 to the Consolidated Financial Statements.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the Company; (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. During the normal course of business, the Company may transfer a portion of a financial asset, for example, a participation in a loan or the government guaranteed portion of a loan. In order to be eligible for sales treatment, the transfer of the portion of the loan must meet the criteria of a participating interest. If it does not meet the criteria of a participating interest, the transfer must be accounted for as a secured borrowing. In order to meet the criteria for a participating interest, all cash flows from the loan must be divided proportionately, the rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties and no loan holder has the right to pledge or exchange the entire loan.
Loans Held for Sale	Loans Held for Sale Loans held for sale represent the guaranteed portion of certain SBA loans, other than loans originated under the Paycheck Protection Program (“PPP”), that the Company has elected to hold for sale and are reflected at the lower of aggregate cost or market value. The Company originates loans to customers under an SBA program that historically has provided for SBA guarantees of up to 90 percent of each loan. The Company may sell the guaranteed portion of its SBA loans to a third party and retains the servicing, holding the nonguaranteed portion in its portfolio. The net amount of loan origination fees on loans sold is included in the carrying value and in the gain or loss on the sale. When sales of SBA loans do occur, the premium received on the sale and the present value of future cash flows of the servicing assets are recognized in income. All criteria for sale accounting must be met in order for the loan sales to occur; see details under the “Transfers of Financial Assets” heading above. Servicing assets represent the estimated fair value of retained servicing rights, net of servicing costs, at the time loans are sold. Servicing assets are amortized in proportion to, and over the period of, estimated net servicing revenues. Impairment is evaluated based on stratifying the underlying financial assets by date of origination and term. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Any impairment, if temporary, would generally be reported as a valuation allowance. Serviced loans sold to others are not included in the accompanying Consolidated Balance Sheets. Income and fees collected for loan servicing are credited to noninterest income when earned, net of amortization on the related servicing assets. For additional information on servicing assets, see Note 3 to the Consolidated Financial Statements.
Loans Held for Investment	Loans Held for Investment Loans held for investment are stated at the unpaid principal balance, net of unearned discounts, deferred loan origination fees and costs and net charge-offs. In accordance with the level yield method, loan origination fees, net of direct loan origination costs, are deferred and recognized over the estimated life of the related loans as an adjustment to the loan yield. Interest is credited to operations primarily based upon the principal balance outstanding. Loans are reported as past due when either interest or principal is unpaid in the following circumstances: fixed payment loans when (i) the borrower is in arrears for two or more monthly payments; (ii) open end credit for two or more billing cycles or (iii) single payment notes if interest or principal remains unpaid for 30 days or more. Nonaccrual loans consist of loans that are not accruing interest as a result of principal or interest being delinquent for a period of 90 days or more or when the ability to collect principal and interest according to the contractual terms is in doubt (nonaccrual loans). When a loan is classified as nonaccrual, interest accruals are discontinued and all past due interest previously recognized as income is reversed and charged against current period earnings. Generally, until the loan becomes current, any payments received from the borrower are applied to outstanding principal until such time as Management determines that the financial condition of the borrower and other factors merit recognition of a portion of such payments as interest income. Loans may be returned to an accrual status when the ability to collect is reasonably assured or when the loan is brought current as to principal and interest. Loans are charged-off when collection is in doubt and when the Company can no longer justify maintaining the loan as an asset on the Consolidated Balance Sheet. Loans qualify for charge-off when, after thorough analysis, all possible sources of repayment are insufficient. These include: (i) potential future cash flows; (ii) value of collateral and/or (iii) strength of co-makers and guarantors. Additionally, all loans classified as a loss or that portion of the loan classified as a loss is charged-off, subject to government guarantee. All loan charge-offs are approved by Executive Management. For additional information on loans, see Note 3 to the Consolidated Financial Statements.
Allowance for Credit Losses for Loans and Reserve for Unfunded Loan Commitments	Allowance for Credit Losses for Loans and Reserve for Unfunded Loan Commitments Effective January 1, 2023, the Company adopted the provisions of ASC 326 and modified its accounting policy for the allowance for credit losses on loans. The allowance for credit losses represents the estimated amount considered necessary to cover lifetime expected credit losses inherent in financial assets at the Balance Sheet date. The measurement of expected credit losses is applicable to loans receivable and securities measured at amortized cost. It also applies to off-balance sheet credit exposures such as loan commitments and unused lines of credit. The allowance is established through a provision for credit losses that is charged against income. The methodology for determining the allowance for credit losses is considered a critical accounting policy by Management because of the high degree of judgment involved, the subjectivity of the assumptions used and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded allowance for credit losses. ​ The allowance for credit losses is reported separately as a contra-asset on the Consolidated Balance Sheet. The expected credit losses for unfunded lending commitments and unfunded loan commitments is reported on the Consolidated Balance Sheet in Accrued expenses and other liabilities. ​ The allowance for credit losses on loans is deducted from the amortized cost basis of the loan to present the net amount expected to be collected. Expected losses are evaluated and calculated on a collective, or pooled, basis for those loans which share similar risk characteristics. At each reporting period, the Company evaluates whether loans within a pool continue to exhibit similar risk characteristics. If the risk characteristics of a loan change, such that they are no longer similar to other loans in the pool, the Company will evaluate the loan with a different pool of loans that share similar risk characteristics. If the loan does not share risk characteristics with other loans, the Company will evaluate the loan on an individual basis. The Company generally considers those loans for individual evaluation to be those on nonaccrual. Loans are charged off against the allowance for credit losses when the Company believes the balances to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off or expected to be charged-off. ​ The Company has chosen to segment its portfolio consistent with the manner in which it manages credit risk. Such segments include SBA, Commercial, Residential mortgage, Consumer and Residential construction. The Commercial segment is further sub-segmented into SBA 504, Commercial & industrial, Commercial real estate and Commercial construction. The Consumer segment is further bifurcated into Home equity and Consumer other. For most segments the Company calculates estimated credit losses using a weighted average remaining maturity methodology. ​ The Company estimates the allowance for credit losses on loans via a quantitative analysis which considers relevant available information from internal and external sources related to past events and current conditions, as well as the incorporation of reasonable and supportable forecasts. The Company evaluates a variety of factors including third party economic forecasts, industry trends and other available published economic information in arriving at its forecasts. After the reasonable and supportable forecast period, the Company reverts, after four quarters, on a straight-line basis over the following four quarters, to the historical average economic variables. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. ​ Also included in the allowance for credit losses on loans are qualitative reserves to cover losses that are expected but, in the Company’s assessment, may not be adequately represented in the quantitative analysis or the forecasts described above. Factors that the Company considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations and the volume and severity of past due loans and nonaccrual loans. ​ On a case-by-case basis, the Company may conclude that a loan should be evaluated on an individual basis based on its disparate risk characteristics. When the Company determines that a loan no longer shares similar risk characteristics with other loans in the portfolio, the allowance will be determined on an individual basis using the present value of expected cash flows or, for collateral-dependent loans, the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will record a provision for the difference between the fair value of the collateral, less costs to sell at the reporting date and the amortized cost basis of the loan. ​ The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancelable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. To determine the expected funding rate, the Company uses a historical utilization rate for each segment. There were no changes to the Company’s methodology for credit loss estimates during the year ended December 31, 2024. For additional information on the allowance for credit losses and reserve for unfunded loan commitments, see Note 4 to the Consolidated Financial Statements.
Premises and Equipment, net	Premises and Equipment, net Land is carried at cost. All other fixed assets are carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The useful life of buildings is not to exceed 30 years, furniture and fixtures is generally 10 years or less and equipment is 3 to 5 years. Leasehold For additional information on premises and equipment, see Note 5 to the Consolidated Financial Statements.
Bank Owned Life Insurance	Bank Owned Life Insurance The Company purchased life insurance policies on certain members of Management. Bank owned life insurance is recorded at its cash surrender value or the amount that can be realized and the appreciation and death benefits from Bank owned life insurance are not subject to income tax.
Federal Home Loan Bank ("FHLB") Stock	Federal Home Loan Bank (“FHLB”) Stock Federal law requires a member institution of the Federal Home Loan Bank system to hold stock of its district FHLB according to a predetermined formula. The stock is carried at cost. Management reviews the stock for impairment based on the ultimate recoverability of the cost basis in the stock. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. Management considers such criteria as the significance of the decline in net assets, if any, of the FHLB, the length of time this situation has persisted, commitments by the FHLB to make payments required by law or regulation, the impact of legislative and regulatory changes on the customer base of the FHLB and the liquidity position of the FHLB.
Accrued Interest Receivable	Accrued Interest Receivable Accrued interest receivable consists of amounts earned on investments and loans. The Company recognizes accrued interest receivable as it is earned. The Company is using the practical expedient to exclude accrued interest receivable from credit loss measurement.
Other Real Estate Owned	Other Real Estate Owned Other real estate owned (“OREO”) is recorded at the fair value, less estimated costs to sell at the date of acquisition, with a charge to the allowance for credit losses for any excess of the loan carrying value over such amount. Subsequently, OREO is carried at the lower of cost or fair value, as determined by current appraisals. Certain costs that increase the value or extend the useful life in preparing properties for sale are capitalized to the extent that the appraisal amount exceeds the carrying value and expenses of holding foreclosed properties are charged to operations as incurred.
Goodwill	Goodwill The Company accounts for goodwill and other intangible assets in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 350, “Intangibles – Goodwill and Other,”
Reclassification	Reclassification Certain reclassifications have been made in the Consolidated Financial Statements to conform to the current year presentation. Such reclassifications had no impact on net income or stockholders’ equity as previously reported.
Appraisals	Appraisals All appraisals must be performed in accordance with the Uniform Standards of Professional Appraisal Practice (“USPAP”). Appraisals are certified to the Company and performed by appraisers on the Company’s approved list of appraisers. Evaluations are completed by a person independent of Company Management. The content of the appraisal depends on the complexity and location of the property.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company utilizes derivative instruments in the form of interest rate swaps to hedge its exposure to interest rate risk in conjunction with its overall asset and liability risk management process. In accordance with accounting requirements, the Company formally designates all of its hedging relationships as either fair value hedges or cash flow hedges. The Company’s derivative instruments currently consist of cash flow hedges. The Company recognizes all derivative instruments at fair value in either Prepaid expense and other assets or Accrued expenses and other liabilities on the Consolidated Balance Sheet and the related cash flows in the Operating Activities section of the Consolidated Statement of Cash Flows. For derivatives designated as cash flow hedges (i.e., hedging the exposure to variability in expected future cash flows), the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. Those derivative financial instruments that do not meet the hedging criteria discussed below would be classified as undesignated derivatives and would be recorded at fair value with changes in fair value recorded in income. The Company discontinues hedge accounting when (a) it determines that a derivative is no longer effective in offsetting changes in cash flows of a hedged item; (b) the derivative expires or is sold, terminated or exercised; (c) probability exists that the forecasted transaction will no longer occur or (d) Management determines that designating the derivative as a hedging instrument is no longer appropriate. In all cases in which hedge accounting is discontinued and a derivative remains outstanding, the Company will carry the derivative at fair value in the Consolidated Financial Statements, recognizing changes in fair value in current period income in the Consolidated Statement of Income. For additional information on derivative instruments and hedging activities, see Note 7 to the Consolidated Financial Statements.
Income Taxes	Income Taxes The Company follows FASB ASC Topic 740, “Income Taxes,” When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that ultimately would be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, Management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. The evaluation of a tax position taken is considered by itself and not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are recognized in income tax expense on the Consolidated Statements of Income. For additional information on income taxes, see Note 11 to the Consolidated Financial Statements.
Net Income Per Share	Net Income Per Share Basic net income per common share is calculated as net income available to common shareholders divided by the weighted average common shares outstanding during the reporting period. Diluted net income per common share is computed similarly to that of basic net income per common share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all potentially dilutive common shares, principally stock options, were issued during the reporting period utilizing the treasury stock method; however, when a net loss rather than net income is recognized, diluted earnings per share equals basic earnings per share. For additional information on net income per share, see Note 12 to the Consolidated Financial Statements.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for its stock-based compensation awards in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation,” For additional information on the Company’s stock-based compensation, see Note 14 to the Consolidated Financial Statements.
Fair Value	Fair Value The Company follows FASB ASC Topic 820, “Fair Value Measurement and Disclosures,” For additional information on the fair value of the Company’s financial instruments, see Note 15 to the Consolidated Financial Statements.
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) Other comprehensive income (loss) consists of the change in unrealized gains (losses) on securities available for sale and derivative related items that were reported as a component of shareholders’ equity, net of tax. For additional information on other comprehensive income (loss), see Note 9 to the Consolidated Financial Statements.
Dividend Restrictions	Dividend Restrictions Banking regulations require maintaining certain capital levels that may limit the dividends paid by the Bank to the holding company or by the holding company to the shareholders.
Operating Segments	Operating Segments While Management, whom includes the President and Chief Executive Officer and acts as the Chief Operating Decision Maker (“CODM”), monitors the revenue streams of its various products and services, operating results and financial performance are evaluated on a company-wide basis. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM uses net income reporting in the Company’s Consolidated Statements of Income to make operating and strategic decisions. Accordingly, there is only one reportable segment. The Company adopted ASU 2023-07 during the year ended December 31, 2024 noting no material impact. For further description of the Company’s products and services, refer to Item 1. Business
Revenue Recognition	Revenue Recognition FASB ASC 606, Revenue from Contracts with Customers ("ASC 606") The majority of the Company’s revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as loans, letters of credit, derivatives and investment securities, as well as revenue related to mortgage servicing activities, as these activities are subject to other U.S. GAAP discussed elsewhere within the Company’s disclosures. Descriptions of the Company’s revenue-generating activities that are within the scope of ASC 606, which are presented in its income statements as components of non-interest income are as follows: ● Branch fee income - these represent general service fees for monthly account maintenance and activity or transaction based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when the Company’s performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payments for such performance obligations are generally received at the time the performance obligations are satisfied. ● Other non-interest income primarily includes items such as loan-related fees, bank owned life insurance income, dividends on FHLB and FRB stock and other general operating income, none of which are subject to the requirements of ASC 606.
Recent Accounting Pronouncements	Recent Accounting Pronouncements ​ ​ ​ ​ ​ Accounting Standard Update (“ASU”) Required Adoption Date Brief Description Effect on the Company’s Financial Statements ASU 2023-09, Income Taxes (Topic 740) Fiscal years beginning after December 15, 2024 Improve transparency of certain income tax related disclosures, including the rate reconciliation and taxes paid disclosures. No significant impact ASU 2024-03, Income Statement – Reporting comprehensive income – Expense Disaggregation Disclosures (Subtopic 220-40) Fiscal years beginning after December 15, 2026 Improve transparency of specific expense categories, which is generally not presented in the financial statements today. No significant impact

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2024
Securities
Reconciliation From Amortized Cost to Estimated Fair Value of Marketable Securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ ​ ​ Amortized ​ unrealized ​ unrealized ​ Valuation ​ Estimated (In thousands) ​ cost ​ gains ​ losses ​ allowance ​ fair value Available for sale: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 15,000 ​ $ — ​ $ (241) ​ $ — ​ $ 14,759 State and political subdivisions ​ 357 ​ — ​ (24) ​ — ​ 333 Residential mortgage-backed securities ​ 13,814 ​ 27 ​ (1,555) ​ — ​ 12,286 Asset backed securities ​ ​ 39,300 ​ ​ 94 ​ ​ (2) ​ ​ — ​ ​ 39,392 Corporate and other securities ​ 31,741 ​ 165 ​ (1,968) ​ (2,824) ​ 27,114 Total debt securities available for sale ​ $ 100,212 ​ $ 286 ​ $ (3,790) ​ $ (2,824) ​ $ 93,884 Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 28,000 ​ $ — ​ $ (4,932) ​ $ — ​ $ 23,068 State and political subdivisions ​ 1,234 ​ 59 ​ — ​ — ​ 1,293 Residential mortgage-backed securities ​ 12,060 ​ — ​ (2,607) ​ — ​ 9,453 Total debt securities held to maturity ​ $ 41,294 ​ $ 59 ​ $ (7,539) ​ $ — ​ $ 33,814 Equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ 10,606 ​ $ 64 ​ $ (820) ​ $ — ​ $ 9,850 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ ​ ​ Amortized ​ unrealized ​ unrealized ​ ​ Valuation ​ Estimated (In thousands) ​ cost ​ gains ​ losses ​ ​ allowance ​ 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 Asset backed securities ​ ​ 35,750 ​ ​ — ​ ​ (347) ​ ​ — ​ ​ 35,403 Corporate and other securities ​ 29,453 ​ 251 ​ (2,529) ​ (1,283) ​ 25,892 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 Equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity securities ​ $ 9,050 ​ $ 99 ​ $ (1,347) ​ $ — ​ $ 7,802
Schedule of Amortized Cost of Held to Maturity Debt Securities By External Credit Rating	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-investment ​ ​ ​ ​ ​ ​ (In thousands) ​ AAA/AA/A rated ​ BBB rated ​ grade rated ​ Non-rated ​ Total December 31, 2024 ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 28,000 ​ $ — ​ $ — ​ $ — ​ $ 28,000 State and political subdivisions ​ 1,234 ​ — ​ — ​ — ​ 1,234 Residential mortgage-backed securities ​ 12,060 ​ — ​ — ​ — ​ 12,060 Total ​ $ 41,294 ​ $ — ​ $ — ​ $ — ​ $ 41,294 December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 28,000 ​ $ — ​ $ — ​ $ — ​ $ 28,000 State and political subdivisions ​ 1,172 ​ — ​ — ​ 100 ​ 1,272 Residential mortgage-backed securities ​ 6,850 ​ — ​ — ​ — ​ 6,850 Total ​ $ 36,022 ​ $ — ​ $ — ​ $ 100 ​ $ 36,122
Schedule of Marketable Securities By Contractual Maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ Fair (In thousands) ​ cost ​ ​ value Available for sale, at fair value: ​ ​ ​ ​ ​ Due in one year $ 3,285 $ 3,243 Due after one year through five years ​ 30,283 ​ ​ 26,678 Due after five years through ten years ​ 27,639 ​ ​ 26,437 Due after ten years ​ 25,191 ​ ​ 25,240 Residential mortgage-backed securities ​ 13,814 ​ ​ 12,286 Total $ 100,212 ​ $ 93,884 Held to maturity, at amortized cost: ​ ​ ​ ​ ​ Due in one year $ — ​ $ — Due after one year through five years ​ 3,000 ​ ​ 2,927 Due after five years through ten years ​ — ​ ​ — Due after ten years ​ 26,234 ​ ​ 21,434 Residential mortgage-backed securities ​ 12,060 ​ ​ 9,453 Total $ 41,294 ​ $ 33,814
Schedule of Marketable Securities In Unrealized Loss Position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ Less than 12 months ​ 12 months and greater ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized ​ Estimated ​ Unrealized (In thousands) ​ ​ fair value ​ (loss) ​ fair value ​ (loss) ​ fair value ​ (loss) Available for sale: ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — ​ $ — ​ $ 14,759 ​ $ (241) ​ $ 14,759 ​ $ (241) State and political subdivisions ​ ​ — ​ ​ — ​ ​ 333 ​ ​ (24) ​ ​ 333 ​ ​ (24) Residential mortgage-backed securities ​ ​ 8 ​ ​ (1) ​ ​ 12,145 ​ ​ (1,554) ​ ​ 12,153 ​ ​ (1,555) Asset backed securities ​ ​ ​ 3,998 ​ ​ (1) ​ ​ 3,000 ​ ​ (1) ​ ​ 6,998 ​ ​ (2) Corporate and other securities ​ — ​ — ​ 14,609 ​ (1,968) ​ 14,609 ​ (1,968) Total temporarily impaired AFS securities ​ $ 4,006 ​ $ (2) ​ $ 44,846 ​ $ (3,788) ​ $ 48,852 ​ $ (3,790) Held to maturity: ​ ​ ​ ​ ​ ​ ​ U.S. Government sponsored entities ​ $ — ​ $ — ​ $ 23,068 ​ $ (4,932) ​ $ 23,068 ​ $ (4,932) Residential mortgage-backed securities ​ — ​ — ​ 4,453 ​ (2,607) ​ 4,453 ​ (2,607) Total temporarily impaired HTM securities ​ $ — ​ $ — ​ $ 27,521 ​ $ (7,539) ​ $ 27,521 ​ $ (7,539) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) Asset backed securities ​ ​ ​ — ​ ​ — ​ ​ 35,403 ​ ​ (347) ​ ​ 35,403 ​ ​ (347) Corporate and other securities ​ — ​ — ​ 19,424 ​ (2,529) ​ 19,424 ​ (2,529) 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, (In thousands) 2024 2023 Net unrealized gains (losses) recognized during the period on equity securities ​ $ 492 ​ $ (338) Net gains recognized during the period on equity securities sold during the period ​ 94 ​ 345 Gains recognized during the reporting period on equity securities ​ $ 586 ​ $ 7

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2024
Loans
Classification of Loans By Class	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) December 31, 2024 December 31, 2023 SBA loans held for investment ​ $ 36,859 ​ $ 38,584 SBA PPP loans ​ ​ 1,450 ​ ​ 2,318 Commercial loans ​ ​ SBA 504 loans ​ 48,479 ​ 33,669 Commercial & industrial ​ 147,186 ​ 128,402 Commercial real estate (1) ​ 1,085,771 ​ 986,230 Commercial real estate construction ​ 130,193 ​ 129,159 Residential mortgage loans ​ 630,927 ​ 631,506 Consumer loans ​ ​ ​ ​ Home equity ​ 73,223 ​ 67,037 Consumer other ​ 3,488 ​ 5,639 Residential construction loans ​ ​ 90,918 ​ ​ 131,277 Total loans held for investment ​ $ 2,248,494 ​ $ 2,153,821 SBA loans held for sale ​ 12,163 ​ 18,242 Total loans ​ $ 2,260,657 ​ $ 2,172,063 ​ (1) Commercial real estate includes Commercial Mortgage – Owner Occupied, Commercial Mortgage – Nonowner Occupied and Commercial Mortgage – Other. Commercial Mortgage – Other primarily includes multifamily and land loans.
Schedule of Loan Classification Risk by Loan Portfolio Classification by Origination Year	The following table shows the internal loan classification risk by loan portfolio classification by origination year as of December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ (In thousands) ​ 2024 ​ ​ 2023 ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ ​ 2019 and Earlier ​ ​ Revolving Loans Amortized Cost Basis ​ ​ Total SBA loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 2,167 ​ $ 1,580 ​ $ 5,205 ​ $ 4,961 ​ $ 5,570 ​ $ 10,085 ​ $ - ​ $ 29,568 Special Mention ​ - ​ ​ 769 ​ ​ 1,740 ​ ​ 356 ​ ​ 508 ​ ​ 729 ​ ​ - ​ ​ 4,102 Substandard ​ - ​ ​ - ​ ​ 956 ​ ​ 2,116 ​ ​ 116 ​ ​ 1 ​ ​ - ​ ​ 3,189 Total SBA loans held for investment $ 2,167 ​ $ 2,349 ​ $ 7,901 ​ $ 7,433 ​ $ 6,194 ​ $ 10,815 ​ $ - ​ $ 36,859 SBA loans held for investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ 300 ​ $ 70 ​ $ - ​ $ - ​ $ - ​ $ 370 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SBA PPP loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ - ​ $ - ​ $ - ​ $ 1,450 ​ $ - ​ $ - ​ $ - ​ $ 1,450 Total SBA PPP loans $ - ​ $ - ​ $ - ​ $ 1,450 ​ $ - ​ $ - ​ $ - ​ $ 1,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 189,371 ​ $ 167,190 ​ $ 331,349 ​ $ 161,508 ​ $ 123,225 ​ $ 330,131 ​ $ 94,369 ​ $ 1,397,143 Special Mention ​ - ​ ​ - ​ ​ 6,269 ​ ​ 1,737 ​ ​ - ​ ​ 3,108 ​ ​ 17 ​ ​ 11,131 Substandard ​ - ​ ​ - ​ ​ - ​ ​ 2 ​ ​ 1,187 ​ ​ 2,157 ​ ​ 9 ​ ​ 3,355 Total commercial loans $ 189,371 ​ $ 167,190 ​ $ 337,618 ​ $ 163,247 ​ $ 124,412 ​ $ 335,396 ​ $ 94,395 ​ $ 1,411,629 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ 38 ​ $ 138 ​ $ 200 ​ $ 107 ​ $ 150 ​ $ 633 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 93,825 ​ $ 73,862 ​ $ 224,295 ​ $ 65,192 ​ $ 44,366 ​ $ 122,916 ​ $ - ​ $ 624,456 Nonperforming ​ - ​ ​ 227 ​ ​ 1,488 ​ ​ 2,238 ​ ​ - ​ ​ 2,518 ​ ​ - ​ ​ 6,471 Total residential mortgage loans $ 93,825 ​ $ 74,089 ​ $ 225,783 ​ $ 67,430 ​ $ 44,366 ​ $ 125,434 ​ $ - ​ $ 630,927 Residential mortgage loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ - ​ $ 150 ​ $ - ​ $ - ​ $ - ​ $ 150 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 5,898 ​ $ 2,602 ​ $ 3,275 ​ $ 1,515 ​ $ 667 ​ $ 10,409 ​ $ 52,345 ​ $ 76,711 Total consumer loans $ 5,898 ​ $ 2,602 ​ $ 3,275 ​ $ 1,515 ​ $ 667 ​ $ 10,409 ​ $ 52,345 ​ $ 76,711 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ 63 ​ $ 100 ​ $ - ​ $ 198 ​ $ - ​ $ 361 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass $ 36,522 ​ $ 16,889 ​ $ 26,683 ​ $ 7,766 ​ $ 1,154 ​ $ 1,357 ​ $ - ​ $ 90,371 Substandard ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 547 ​ ​ - ​ ​ - ​ ​ 547 Total residential construction loans $ 36,522 ​ $ 16,889 ​ $ 26,683 ​ $ 7,766 ​ $ 1,701 ​ $ 1,357 ​ $ - ​ $ 90,918 Residential construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current-period gross writeoffs $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 277 ​ $ - ​ $ 277 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans held for investment $ 327,783 ​ $ 263,119 ​ $ 601,260 ​ $ 248,841 ​ $ 177,340 ​ $ 483,411 ​ $ 146,740 ​ $ 2,248,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table shows the internal loan classification risk by loan portfolio classification by origination year as of December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans ​ ​ ​ ​ ​ ​ ​ Amortized Cost Basis by Origination Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 686,031 ​ $ 297,252 ​ $ 190,775 ​ $ 140,165 ​ $ 415,756 ​ $ 147,134 ​ $ 2,153,821
Aging Analysis of Past Due And Nonaccrual Loans by Loan Class	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ ​ ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ Nonaccrual ​ due (1) ​ Current ​ Total loans SBA loans held for investment ​ $ 1,006 ​ $ 451 ​ $ — ​ $ 3,850 ​ $ 5,307 ​ $ 31,552 ​ $ 36,859 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ SBA 504 loans ​ — ​ — ​ — ​ — ​ — ​ 48,479 ​ 48,479 Commercial & industrial ​ 941 ​ — ​ — ​ 1,228 ​ 2,169 ​ 145,017 ​ 147,186 Commercial real estate ​ 22,378 ​ 2,339 ​ — ​ 1,746 ​ 26,463 ​ 1,059,308 ​ 1,085,771 Commercial real estate construction ​ — ​ — ​ — ​ — ​ — ​ 130,193 ​ 130,193 Residential mortgage loans ​ 15,654 ​ 4,094 ​ 760 ​ 5,711 ​ 26,219 ​ 604,708 ​ 630,927 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ 479 ​ 2,162 ​ — ​ — ​ 2,641 ​ 70,582 ​ 73,223 Consumer other ​ 36 ​ 5 ​ — ​ — ​ 41 ​ 3,447 ​ 3,488 Residential construction loans ​ ​ — ​ ​ — ​ ​ — ​ ​ 547 ​ ​ 547 ​ ​ 90,371 ​ ​ 90,918 Total loans held for investment ​ ​ 40,494 ​ ​ 9,051 ​ ​ 760 ​ ​ 13,082 ​ ​ 63,387 ​ ​ 2,183,657 ​ ​ 2,247,044 SBA loans held for sale ​ — ​ — ​ — ​ — ​ — ​ 12,163 ​ 12,163 Total loans, excluding SBA PPP ​ $ 40,494 ​ $ 9,051 ​ $ 760 ​ $ 13,082 ​ $ 63,387 ​ $ 2,195,820 ​ $ 2,259,207 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ 90+ days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 days ​ 60 ‑ 89 days ​ and still ​ ​ ​ Total past ​ ​ ​ ​ ​ ​ (In thousands) ​ past due ​ past due ​ accruing ​ Nonaccrual ​ due (1) ​ 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 ​ ​ 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 ​ (1) At December 31, 2024 and 2023, the Company had no SBA PPP loans past due.
Individually Evaluated Loans with Associated Allowance Amount	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ Unpaid ​ ​ Allowance for ​ ​ principal ​ Recorded ​ Credit Losses (In thousands) ​ balance ​ investment ​ Allocated With no related allowance: ​ ​ ​ ​ SBA loans held for investment ​ $ 432 ​ $ 334 ​ $ — Commercial loans ​ ​ ​ Commercial & industrial ​ ​ 638 ​ ​ 33 ​ ​ — Commercial real estate ​ 2,055 ​ 1,746 ​ — Total commercial loans ​ 2,693 ​ 1,779 ​ — Residential mortgage loans ​ ​ 4,238 ​ ​ 4,238 ​ ​ — Total individually evaluated loans with no related allowance ​ 7,363 ​ 6,351 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance: ​ ​ ​ SBA loans held for investment ​ 4,011 ​ 3,516 ​ 755 Commercial loans ​ ​ ​ ​ Commercial & industrial ​ 1,672 ​ 1,195 ​ 62 Total commercial loans ​ 1,672 ​ 1,195 ​ 62 Residential mortgage loans ​ ​ 2,413 ​ ​ 2,233 ​ ​ 52 Residential construction loans ​ ​ 547 ​ ​ 547 ​ ​ 102 Total individually evaluated loans with a related allowance ​ 8,643 ​ 7,491 ​ 971 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total individually evaluated loans: ​ ​ ​ ​ SBA loans held for investment ​ 4,443 ​ 3,850 ​ 755 Commercial loans ​ ​ ​ ​ Commercial & industrial ​ 2,310 ​ 1,228 ​ 62 Commercial real estate ​ 2,055 ​ 1,746 ​ — Total commercial loans ​ 4,365 ​ 2,974 ​ 62 Residential mortgage loans ​ ​ 6,651 ​ ​ 6,471 ​ ​ 52 Residential construction loans ​ ​ 547 ​ ​ 547 ​ ​ 102 Total individually evaluated loans ​ $ 16,006 ​ $ 13,842 ​ $ 971 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ 381 ​ ​ — Total consumer loans ​ ​ 390 ​ ​ 381 ​ ​ — Residential construction loans ​ ​ 2,757 ​ ​ 2,141 ​ ​ — Total individually evaluated loans ​ $ 21,703 ​ $ 19,186 ​ $ 995
Schedule of Servicing Assets	​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Balance, beginning of year ​ $ 881 ​ $ 691 Servicing assets capitalized ​ 186 ​ 576 Amortization of expense, net ​ (404) ​ (386) Balance, end of year ​ $ 663 ​ $ 881
Schedule of Related Party Transactions	​ ​ ​ ​ ​ ​ ​ (In thousands) December 31, 2024 December 31, 2023 Balance, beginning of year ​ $ 7,894 ​ $ 8,124 New loans and advances ​ 1,500 ​ 788 Loan repayments ​ (1,078) ​ (953) Loans removed ​ ​ — ​ ​ (65) Balance, end of year ​ $ 8,316 ​ $ 7,894
Schedule of Amortized Cost Basis of Loans Modified, Disaggregated by Class of Gross Loans and Type of Concession Granted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payment Delay ​ ​ Term Extension ​ ​ ​ ​ Principal ​ Percentage ​ ​ ​ Principal ​ Percentage ​ (In thousands) ​ ​ Balance ​ of Loan Class ​ ​ ​ Balance ​ of Loan Class ​ SBA loans held for investment ​ $ 93 ​ 0.3 % ​ $ — ​ — % Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ 632 ​ 0.1 ​ ​ ​ — ​ — ​ Commercial & industrial ​ ​ — ​ — ​ ​ ​ 1,882 ​ 2.4 ​ Residential mortgage loans ​ ​ — ​ — ​ ​ ​ 1,033 ​ 0.2 ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ — ​ — ​ ​ ​ 2,162 ​ 3.0 ​ Balance, December 31, 2024 ​ $ 725 ​ 0.1 % ​ $ 5,077 ​ 0.2 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Forgiveness ​ ​ Payment Delay ​ ​ ​ Term Extension ​ ​ ​ ​ Principal ​ Percentage ​ ​ ​ Principal ​ Percentage ​ ​ ​ Principal ​ Percentage ​ (In thousands) ​ ​ Balance ​ of Loan Class ​ ​ ​ Balance ​ of Loan Class ​ ​ ​ Balance ​ of Loan Class ​ SBA loans held for investment ​ $ 9 ​ 0.1 % ​ $ — ​ — % ​ $ — ​ — % Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial & industrial ​ ​ — ​ — ​ ​ ​ — ​ — ​ ​ ​ 835 ​ 0.1 ​ Commercial real estate ​ ​ — ​ — ​ ​ ​ 1,290 ​ 0.1 ​ ​ ​ 732 ​ 0.1 ​ Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ — ​ — ​ ​ ​ — ​ — ​ ​ ​ 103 ​ 0.1 ​ Balance, December 31, 2023 ​ $ 9 ​ 0.1 % ​ $ 1,290 ​ 0.1 % ​ $ 1,670 ​ 0.1 %

Allowance for Credit Losses a_2

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments (Tables)	12 Months Ended
	Dec. 31, 2024
Allowance for Credit Losses and Reserve for Unfunded Loan Commitments
Activity in the Allowance for Loan Losses by Portfolio Segment	The following tables detail the activity in the allowance for credit losses by portfolio segment for the past two years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ SBA ​ Commercial ​ Residential ​ Consumer ​ Construction ​ Total Balance, beginning of period ​ $ 1,221 ​ $ 15,876 ​ $ 6,529 ​ $ 1,022 ​ $ 1,206 ​ $ 25,854 Charge-offs ​ (370) ​ (633) ​ (150) ​ (361) ​ (277) ​ (1,791) Recoveries ​ 47 ​ 204 ​ — ​ 67 ​ — ​ 318 Net charge-offs ​ (323) ​ (429) ​ (150) ​ (294) ​ (277) ​ (1,473) Provision for (credit to) credit losses charged to expense ​ 637 ​ 1,914 ​ (125) ​ 47 ​ (66) ​ 2,407 Balance, end of period ​ $ 1,535 ​ $ 17,361 ​ $ 6,254 ​ $ 775 ​ $ 863 ​ $ 26,788 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ SBA ​ Commercial ​ Residential ​ Consumer ​ Construction ​ Total Balance, beginning of period ​ $ 875 ​ $ 15,254 ​ $ 5,450 ​ $ 990 ​ $ 2,627 ​ $ 25,196 Impact of adoption of ASU 2016-13 ("CECL") ​ ​ 163 ​ ​ 171 ​ ​ 376 ​ ​ 101 ​ ​ 36 ​ ​ 847 Charge-offs ​ (213) ​ (752) ​ (93) ​ (578) ​ (1,000) ​ (2,636) Recoveries ​ 20 ​ 400 ​ — ​ 84 ​ 111 ​ 615 Net charge-offs ​ (193) ​ (352) ​ (93) ​ (494) ​ (889) ​ (2,021) Provision for (credit to) credit losses charged to expense ​ 376 ​ 803 ​ 796 ​ 425 ​ (568) ​ 1,832 Balance, end of period ​ $ 1,221 ​ $ 15,876 ​ $ 6,529 ​ $ 1,022 ​ $ 1,206 ​ $ 25,854 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Allowance for Credit Losses on Financing Receivables	The following tables present loans and related allowance for credit losses, by portfolio segment, as of December 31 st ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ SBA, Held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ for Investment ​ Commercial ​ Residential ​ Consumer ​ Construction ​ Total Allowance for credit losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 755 ​ $ 62 ​ $ 52 ​ $ — $ 102 ​ $ 971 Collectively evaluated for impairment ​ 780 ​ 17,299 ​ 6,202 ​ 775 ​ 761 ​ 25,817 Total ​ $ 1,535 ​ $ 17,361 ​ $ 6,254 ​ $ 775 $ 863 ​ $ 26,788 Loan ending balances: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 3,850 ​ $ 2,974 ​ $ 6,471 ​ $ — $ 547 ​ $ 13,842 Collectively evaluated for impairment ​ 34,459 ​ 1,408,655 ​ 624,456 ​ 76,711 ​ 90,371 ​ 2,234,652 Total loans held for investment ​ $ 38,309 ​ $ 1,411,629 ​ $ 630,927 ​ $ 76,711 $ 90,918 ​ $ 2,248,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ SBA, Held ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ (In thousands) ​ for Investment ​ Commercial ​ Residential ​ Consumer ​ Construction ​ Total Allowance for credit losses ending balance: ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 348 ​ $ 341 ​ $ 306 ​ $ — $ — ​ $ 995 Collectively evaluated for impairment ​ 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 for impairment ​ $ 3,444 ​ $ 1,948 ​ $ 11,272 ​ $ 381 $ 2,141 ​ $ 19,186 Collectively evaluated for impairment ​ 37,458 ​ 1,275,512 ​ 620,234 ​ 72,295 ​ 129,136 ​ 2,134,635 Total loans held for investment ​ $ 40,902 ​ $ 1,277,460 ​ $ 631,506 ​ $ 72,676 $ 131,277 ​ $ 2,153,821

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Premises and Equipment
Schedule of Premises and Equipment	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) ​ December 31, 2024 ​ December 31, 2023 Land and buildings $ 23,319 $ 24,582 Furniture, fixtures and equipment ​ 3,429 ​ 13,322 Leasehold improvements ​ 1,534 ​ 3,205 Gross premises and equipment ​ 28,282 ​ 41,109 Less: Accumulated depreciation ​ (9,504) ​ (21,542) Net premises and equipment ​ $ 18,778 ​ $ 19,567

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2024
Deposits [Abstract]
Schedule of Deposits by Time Remaining on Maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ More than More than ​ ​ ​ ​ ​ ​ ​ three six months ​ ​ ​ ​ ​ ​ Three months through More than ​ ​ ​ ​ ​ months or ​ through six twelve ​ twelve ​ ​ ​ (In thousands) ​ less months months ​ months ​ Total At December 31, 2024: ​ ​ ​ ​ ​ Less than $250,000 ​ $ 197,392 ​ $ 186,828 ​ $ 150,942 ​ $ 41,260 ​ $ 576,422 $250,000 or more ​ 85,296 ​ ​ 100,173 ​ ​ 47,951 ​ ​ 5,261 ​ ​ 238,681 At December 31, 2023: ​ ​ ​ ​ ​ Less than $250,000 ​ $ 157,742 ​ $ 140,052 ​ $ 104,619 ​ $ 88,311 ​ $ 490,724 $250,000 or more ​ 21,649 ​ ​ 63,783 ​ ​ 36,830 ​ ​ 13,078 ​ ​ 135,340
Schedule of Certificates of Deposits by Year of Maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) 2025 2026 2027 2028 2029 Thereafter Total Balance maturing ​ $ 768,582 ​ $ 33,387 ​ $ 11,178 ​ $ 1,306 ​ $ 542 ​ $ 108 ​ $ 815,103

Borrowed Funds, Subordinated _2

Borrowed Funds, Subordinated Debentures and Derivatives (Tables)	12 Months Ended
	Dec. 31, 2024
Borrowed Funds, Subordinated Debentures and Derivatives
Schedule of Debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ (In thousands) Amount Rate Amount Rate FHLB borrowings: ​ ​ Non-overnight, fixed rate advances ​ $ 20,504 4.36 % $ 109,438 3.86 % Overnight advances ​ 140,000 4.67 ​ 217,000 5.61 ​ Puttable advances ​ 60,000 3.70 ​ 30,000 3.91 ​ Subordinated debentures: ​ $ 10,310 6.19 % $ 10,310 7.21 %
Schedule of Maturities of Term Debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) 2025 2026 2027 2028 2029 Thereafter Total FHLB borrowings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-overnight, fixed rate advances ​ $ 10,504 ​ $ ​ ​ $ — ​ $ 10,000 ​ $ ​ ​ $ — ​ $ 20,504 Overnight advances ​ ​ 140,000 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 140,000 Puttable advances ​ ​ — ​ ​ — ​ ​ — ​ ​ 20,000 ​ ​ 40,000 ​ ​ — ​ ​ 60,000 Subordinated debentures: ​ — ​ — ​ — ​ — ​ — ​ 10,310 ​ 10,310 Total borrowings ​ $ 150,504 ​ $ — ​ $ — ​ $ 30,000 ​ $ 40,000 ​ $ 10,310 ​ $ 230,814
Summary of Interest Rate Swaps	​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2024 December 31, 2023 Notional amount ​ $ 20,000 ​ $ 20,000 ​ Fair value ​ $ 139 ​ $ 918 ​ Weighted average pay rate ​ 0.83 % 0.83 % Weighted average receive rate ​ 5.12 % 5.27 % Weighted average maturity in years ​ 0.19 ​ 1.57 ​ Number of contracts ​ 1 ​ 1 ​ ​
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Loss recognized in OCI ​ ​ ​ ​ Gross of tax ​ $ (172) ​ $ (619) Net of tax ​ ​ (125) ​ ​ (450) Loss reclassified from AOCI into net income ​ ​ ​ ​ ​ ​ Gross of tax ​ ​ (925) ​ ​ (899) Net of tax ​ (671) ​ (635) ​

Leases and Commitments (Tables)

Leases and Commitments (Tables)	12 Months Ended
	Dec. 31, 2024
Leases and Commitments
Summary of net lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) ​ 2024 ​ 2023 Operating lease cost ​ $ 732 ​ $ 777 Net lease cost ​ $ 732 ​ $ 777
Summary of cash and non-cash activities associated with the Company's leases	​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) ​ 2024 ​ 2023 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ Operating cash flows for operating leases ​ $ 711 ​ $ 742
Summary of other information related to the company's operating leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 December 31, 2023 Weighted average remaining lease term in years ​ 9.47 ​ ​ 10.20 ​ Weighted average discount rate ​ 2.94 % ​ 3.04 %
Summary of maturity of remaining lease liabilities	​ ​ ​ ​ ​ (In thousands) December 31, 2024 2025 ​ $ 703 2026 ​ 716 2027 ​ 672 2028 ​ 436 2029 ​ 428 2030 and thereafter ​ 2,399 Total lease payments ​ $ 5,354 Less: Interest ​ (580) Present value of lease liabilities ​ $ 4,774

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive (Loss) Income
Changes in Other Comprehensive (Loss) Income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2024 ​ Net unrealized Net unrealized Accumulated ​ (losses) gains on gains (losses) from other ​ securities cash flow hedges comprehensive (In thousands) ​ net of tax net of tax (loss) income Balance, beginning of period $ (3,408) ​ $ 671 $ (2,737) Other comprehensive income (loss) before reclassifications ​ 755 ​ ​ (796) ​ (41) Less amounts reclassified from accumulated other comprehensive loss ​ — ​ ​ (671) ​ (671) Period change ​ 755 ​ (125) ​ 630 Balance, end of period ​ $ (2,653) ​ $ 546 ​ $ (2,107) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2023 ​ Net unrealized Net unrealized Accumulated ​ (losses) gains on gains (losses) from other ​ securities cash flow hedges comprehensive (In thousands) ​ net of tax net of tax (loss) income Balance, beginning of period $ (4,381) ​ $ 1,121 $ (3,260) Other comprehensive income (loss) before reclassifications ​ 870 ​ ​ (1,085) ​ (215) Less amounts reclassified from accumulated other comprehensive loss ​ (103) ​ ​ (635) ​ (738) Period change ​ 973 ​ (450) ​ 523 Balance, end of period ​ $ (3,408) ​ $ 671 ​ $ (2,737)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Taxes
Schedule of Provision for Income Taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Federal - current provision ​ $ 12,236 ​ $ 10,625 Federal - deferred benefit ​ (1,401) ​ (285) Total federal provision ​ 10,835 ​ 10,340 State - current provision ​ 2,451 ​ 2,750 State - deferred (benefit) provision ​ (346) ​ 198 Total state provision ​ 2,105 ​ 2,948 Total provision for income taxes ​ $ 12,940 ​ $ 13,288
Schedule of Effective Income Tax Rate Reconciliation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands, except percentages) 2024 2023 Federal income tax provision at statutory rate of 21% ​ $ 11,422 ​ $ 11,129 ​ (Decreases) increases resulting from: ​ ​ ​ ​ ​ Stock option and restricted stock ​ (536) ​ (52) ​ Bank owned life insurance ​ (114) ​ (179) ​ Tax-exempt income ​ (15) ​ (3) ​ Meals and entertainment ​ 48 ​ 64 ​ Captive insurance premium ​ — ​ (244) ​ Non-deductible compensation ​ ​ 250 ​ ​ — ​ State income taxes, net of federal benefit ​ 1,663 ​ 2,329 ​ Other ​ 222 ​ 244 ​ Provision for income taxes ​ $ 12,940 ​ $ 13,288 ​ Effective tax rate ​ 23.8 % 25.1 %
Schedule of Deferred Tax Assets and Liabilities	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) December 31, 2024 December 31, 2023 Deferred tax assets: ​ ​ Allowance for credit losses ​ $ 7,168 ​ $ 6,940 SERP ​ 1,788 ​ 1,669 Stock-based compensation ​ 1,010 ​ 1,070 Deferred compensation ​ 1,750 ​ 1,329 Depreciation ​ 701 ​ 674 Deferred loan fees and costs, net ​ ​ 227 ​ ​ — Net unrealized securities losses ​ 1,755 ​ 1,759 Commitment reserve ​ 171 ​ 172 Net other deferred tax assets ​ 820 ​ 698 Gross deferred tax assets ​ 15,390 ​ 14,311 Deferred tax liabilities: ​ ​ ​ ​ Goodwill ​ 413 ​ 418 Deferred servicing fees ​ 40 ​ 74 REIT deferral ​ ​ 596 ​ ​ 929 Bond accretion ​ 32 ​ 49 Deferred loan fees and costs, net ​ ​ — ​ ​ 35 Interest rate swaps ​ 203 ​ 253 Gross deferred tax liabilities ​ 1,284 ​ 1,758 Net deferred tax asset ​ $ 14,106 ​ $ 12,553

Net Income per Share (Tables)

Net Income per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Net Income per Share
Reconciliation of Calculation of Basic and Diluted Income Per Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands, except per share amounts) 2024 2023 Net income ​ $ 41,450 ​ $ 39,707 Weighted average common shares outstanding - Basic ​ 10,031 ​ 10,207 Plus: Potential dilutive common stock equivalents ​ 171 ​ 131 Weighted average common shares outstanding - Diluted ​ 10,202 ​ 10,338 Net income per common share - Basic ​ $ 4.13 ​ $ 3.89 Net income per common share - Diluted ​ 4.06 ​ 3.84 Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive ​ — ​ — ​

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2024
Regulatory Capital
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actual ​ Required for Capital Adequacy Purposes ​ To be Well Capitalized Under Prompt Corrective Action Regulations * ​ ​ Amount ​ Ratio ​ Amount ​ Ratio ​ Amount ​ Ratio ​ ​ (Dollars in thousands) As of December 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital (to risk-weighted assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Consolidated $ 332,700 ​ ​ 15.62 % ​ $ 170,364 ​ 8.00 % ​ $ 212,955 ​ 10.00 % Bank ​ 324,763 ​ ​ 15.37 ​ ​ ​ 169,013 ​ 8.00 ​ ​ ​ 211,266 ​ 10.00 ​ Common equity tier 1 (to risk-weighted assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Consolidated ​ 296,071 ​ ​ 13.90 ​ ​ ​ 95,830 ​ 4.50 ​ ​ ​ 138,421 ​ 6.50 ​ Bank ​ 298,342 ​ ​ 14.12 ​ ​ ​ 95,070 ​ 4.50 ​ ​ ​ 137,323 ​ 6.50 ​ Tier 1 capital (to risk-weighted assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Consolidated ​ 306,071 ​ ​ 14.37 ​ ​ ​ 127,773 ​ 6.00 ​ ​ ​ 170,364 ​ 8.00 ​ Bank ​ 298,342 ​ ​ 14.12 ​ ​ ​ 126,760 ​ 6.00 ​ ​ ​ 169,013 ​ 8.00 ​ Tier 1 capital (to average total assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Consolidated ​ 306,071 ​ ​ 12.22 ​ ​ ​ 100,150 ​ 4.00 ​ ​ ​ 125,187 ​ 5.00 ​ Bank ​ 298,342 ​ ​ 11.95 ​ ​ ​ 99,844 ​ 4.00 ​ ​ ​ 124,806 ​ 5.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023 (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital (to risk-weighted assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company 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 ​ (1) The Bank elected to cease being subject to the CBLR effective December 31, 2023 and to report its capital ratios using standard regulatory measures.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 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, 2022 559,499 ​ $ 18.09 5.9 ​ $ 5,168,740 Options granted — ​ — ​ ​ ​ Options exercised (87,701) ​ 19.03 ​ ​ ​ Options forfeited (666) ​ 18.64 ​ ​ ​ Options expired — ​ — ​ ​ ​ Outstanding at December 31, 2023 471,132 ​ $ 17.92 4.9 ​ $ 5,500,080 Options granted — ​ — ​ ​ ​ Options exercised (130,733) ​ 14.81 ​ ​ ​ Options forfeited — ​ — ​ ​ ​ Options expired — ​ — ​ ​ ​ Outstanding at December 31, 2024 340,399 ​ $ 19.11 4.4 ​ $ 8,340,435 Exercisable at December 31, 2024 ​ 340,399 ​ $ 19.11 4.4 ​ $ 8,340,435
Schedule of Information About Options Exercised	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2024 2023 Number of options exercised ​ 130,733 ​ 87,701 Total intrinsic value of options exercised ​ $ 2,639,413 ​ $ 607,936 Cash received from options exercised ​ ​ 1,936,351 ​ ​ 1,669,237 Tax deduction realized from options ​ ​ 741,939 ​ ​ 182,898
Schedule of Stock Options, by Exercise Price Range	The following table summarizes information about stock options outstanding at December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding ​ Options exercisable ​ ​ ​ ​ Weighted average Weighted ​ Weighted ​ Range of ​ Options ​ remaining contractual ​ average ​ Options ​ average ​ exercise prices ​ outstanding ​ life (in years) ​ exercise price ​ exercisable ​ exercise price $ 8.94-12.34 23,000 ​ 1.1 ​ $ 10.00 ​ 23,000 $ 10.00 ​ 12.35-15.75 7,333 ​ 2.0 ​ 15.70 ​ 7,333 15.70 ​ 15.76-19.16 118,666 ​ 4.9 ​ 17.71 ​ 118,666 17.71 ​ 19.17-22.57 191,400 ​ 4.6 ​ 21.20 ​ 191,400 21.20 ​ Total 340,399 ​ 4.4 ​ $ 19.11 ​ 340,399 $ 19.11
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 (9,287) ​ ​ 27.02 Vested (58,049) ​ ​ 23.87 Nonvested restricted stock at December 31, 2024 175,248 ​ ​ 26.47
Schedule of Restricted Stock Grants	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2024 2023 Number of shares granted ​ 77,950 ​ 58,500 Average grant date fair value ​ $ 28.84 ​ $ 22.93
Summary of Components of Net Periodic Pension Cost of Defined Benefit Plan Recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Service cost ​ $ 797 ​ $ 224 Interest cost ​ 241 ​ 203 Net periodic benefit cost ​ $ 1,038 ​ $ 427
Summary of Changes in Benefit Obligations of Defined Benefit Plan Recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, (In thousands) 2024 2023 Benefit obligation, beginning of year ​ $ 5,284 ​ $ 4,857 Service cost ​ 797 ​ 224 Interest cost ​ 241 ​ 203 Benefit obligation, end of period ​ $ 6,322 ​ $ 5,284
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Schedule of allocation of Share-based Compensation Costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2024 2023 Compensation expense ​ $ 33 ​ $ 312 Income tax benefit ​ ​ 9 ​ ​ 90 ​
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Schedule of allocation of Share-based Compensation Costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended December 31, ​ 2024 2023 Compensation expense ​ $ 1,790 ​ $ 1,439 Income tax benefit ​ ​ 501 ​ ​ 416 ​

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value
Reconciliation of Level 3 Available for Sale Debt Securities Measured at Fair Value on Recurring Basis	The following table presents a reconciliation of the Level 3 AFS debt securities measured at fair value on a recurring basis for the years ended December 31, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate and Other Securities (In thousands) 2024 2023 Balance of Recurring Level 3 assets at January 1 $ 7,979 $ 4,675 Activity ​ ​ ​ ​ ​ ​ Unrealized holding gains (losses) included in other comprehensive income ​ 263 ​ (413) Principal Payments ​ ​ (213) ​ ​ — Transfers into Level 3 ​ ​ — ​ ​ 3,717 Unrealized holding losses included in net income ​ (1,541) ​ — Balance of recurring Level 3 assets at December 31 ​ $ 6,488 ​ $ 7,979
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 December 31 st ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2024 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ Assets/Liabilities ​ Active Markets ​ Significant Other ​ Significant ​ ​ Measured at Fair ​ for Identical ​ Observable ​ Unobservable (In thousands) Value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Measured on a recurring basis: ​ ​ ​ ​ Assets: ​ ​ ​ ​ Debt securities available for sale: ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 14,759 ​ $ — ​ $ 14,759 ​ $ — State and political subdivisions ​ 333 ​ — ​ 333 ​ — Residential mortgage-backed securities ​ 12,286 ​ — ​ 12,286 ​ — Asset backed securities ​ ​ 39,392 ​ ​ — ​ ​ 39,392 ​ ​ — Corporate and other securities ​ 27,114 ​ — ​ 20,626 ​ 6,488 Total debt securities available for sale ​ $ 93,884 ​ $ — ​ $ 87,396 ​ $ 6,488 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities with readily determinable fair values ​ $ 9,850 ​ $ 9,850 ​ $ — ​ $ — Total equity securities ​ $ 9,850 ​ $ 9,850 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements ​ $ 742 ​ $ — ​ $ 742 ​ $ — Total swap agreements ​ $ 742 ​ $ — ​ $ 742 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value Measurements at December 31, 2023 Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ Assets/Liabilities ​ Active Markets ​ Significant Other ​ Significant ​ ​ Measured at Fair ​ for Identical ​ Observable ​ Unobservable (In thousands) Value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Measured on a recurring basis: ​ ​ ​ ​ Assets: ​ ​ ​ ​ Debt securities available for sale: ​ ​ ​ ​ U.S. Government sponsored entities ​ $ 16,033 ​ $ — ​ $ 16,033 ​ $ — State and political subdivisions ​ 360 ​ — ​ 360 ​ — Residential mortgage-backed securities ​ 14,077 ​ — ​ 14,077 ​ — Asset backed securities ​ ​ 35,403 ​ ​ — ​ ​ 35,403 ​ ​ — Corporate and other securities ​ 25,892 ​ — ​ 17,913 ​ 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 December 31, 2024 Using ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ Assets/Liabilities ​ Markets for ​ Observable ​ Unobservable ​ ​ Measured at Fair ​ Identical Assets ​ Inputs ​ Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Measured on a non-recurring basis: ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ Collateral-dependent loans ​ $ 6,520 ​ $ — ​ $ — ​ $ 6,520 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2023 Using ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ Assets/Liabilities ​ Markets for ​ Observable ​ Unobservable ​ ​ Measured at Fair ​ Identical Assets ​ Inputs ​ Inputs (In thousands) Value (Level 1) (Level 2) (Level 3) Measured on a non-recurring basis: ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ Collateral-dependent loans ​ $ 4,755 ​ $ — ​ $ — ​ $ 4,755
Carrying Amount and Estimated Fair Values of Financial Instruments	The table below presents the carrying amount and estimated fair values of the Company’s financial instruments (not presented previously) presented as of December 31 st ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ Carrying ​ ​ ​ ​ ​ ​ (In thousands) amount Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ Debt securities held to maturity $ 41,294 ​ $ — ​ $ 33,814 ​ $ — SBA loans held for sale 12,163 ​ — ​ 12,896 ​ — Loans, net of allowance for credit losses 2,221,707 ​ — ​ 2,152,080 ​ 6,520 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ Deposits 2,100,313 ​ — ​ 2,095,365 ​ — Borrowed funds and subordinated debentures 230,814 ​ — ​ 230,576 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ —

Condensed Financial Statement_2

Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only)
Condensed Balance Sheets	Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (In thousands) 2024 2023 ASSETS ​ ​ Cash and cash equivalents ​ $ 350 ​ $ 1,410 Debit securities, available for sale ​ ​ — ​ ​ 1,478 Equity securities ​ 3,732 ​ 3,559 Investment in subsidiaries ​ 297,853 ​ 260,879 Premises and equipment, net ​ 3,506 ​ 3,480 Other assets ​ 482 ​ 1,303 Total assets ​ $ 305,923 ​ $ 272,109 LIABILITIES AND SHAREHOLDERS’ EQUITY ​ ​ Other liabilities ​ 30 ​ 369 Subordinated debentures ​ 10,310 ​ 10,310 Shareholders’ equity ​ 295,583 ​ 261,430 Total liabilities and shareholders’ equity ​ $ 305,923 ​ $ 272,109
Condensed Statements of Income	Statements of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, (In thousands) 2024 2023 Dividend from Bank ​ $ 6,196 ​ $ 15,188 Dividend from Nonbank subsidiary ​ ​ — ​ ​ 1,235 Gain on sales of securities ​ 54 ​ 345 Market value appreciation on equity securities ​ ​ 575 ​ ​ — Other income ​ 793 ​ 760 Total income ​ 7,618 ​ 17,528 Interest expenses ​ 718 ​ 695 Market value depreciation on equity securities ​ ​ — ​ ​ 444 Other expenses ​ 170 ​ 265 Total expenses ​ 888 ​ 1,404 Income before provision for income taxes and equity in undistributed net income of subsidiary ​ 6,730 ​ 16,124 Income tax expense (benefit) ​ 121 ​ (114) Income before equity in undistributed net income of subsidiary ​ 6,609 ​ 16,238 Equity in undistributed net income of subsidiaries ​ 34,841 ​ 23,469 Net income ​ $ 41,450 ​ $ 39,707
Condensed Statements of Cash Flows	Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, (In thousands) 2024 2023 OPERATING ACTIVITIES ​ ​ Net income ​ $ 41,450 ​ $ 39,707 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ Equity in undistributed net income of subsidiaries ​ (34,841) ​ (23,469) Gain on sales of securities ​ (54) ​ (345) Net accretion of purchase premiums and discounts on securities ​ (17) ​ — Net change in other assets and other liabilities ​ 280 ​ 349 Net cash provided by operating activities ​ 6,818 ​ 16,242 INVESTING ACTIVITIES ​ ​ Purchases of equity securities ​ (247) ​ (126) Proceeds from business divestitures ​ ​ — ​ ​ 2,034 Maturities and principal payments on securities available for sale ​ ​ 1,495 ​ ​ — Purchases of premises and equipment ​ ​ (160) ​ ​ — Proceeds from sales of securities ​ 785 ​ 2,166 Net cash (used in) provided by investing activities ​ 1,873 ​ 4,074 FINANCING ACTIVITIES ​ ​ Proceeds from exercise of stock based compensation, net of taxes ​ 1,480 ​ 1,284 Repayment of advances from subsidiaries ​ — ​ (2,002) Purchase of treasury stock ​ ​ (6,210) ​ ​ (15,692) Cash dividends paid on common stock ​ (5,021) ​ (4,721) Net cash used in financing activities ​ (9,751) ​ (21,131) Decrease in cash and cash equivalents ​ (1,060) ​ (815) Cash and cash equivalents, beginning of period ​ 1,410 ​ 2,225 Cash and cash equivalents, end of period ​ $ 350 ​ $ 1,410 SUPPLEMENTAL DISCLOSURES ​ ​ Interest paid ​ $ 722 ​ $ 786 ​

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Overview (Details)	Dec. 31, 2024 Office
Summary of Significant Accounting Policies
Number of offices	21

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Restrictions on Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Electronic Funds Transfer
Restrictions on Cash
Restricted cash and cash equivalents	$ 262	$ 262

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Premises and Equipment, Net (Details)	Dec. 31, 2024
Building | Maximum
Premises and Equipment, net
PP&E useful life	30 years
Furniture and Fixtures | Maximum
Premises and Equipment, net
PP&E useful life	10 years
Equipment | Minimum
Premises and Equipment, net
PP&E useful life	3 years
Equipment | Maximum
Premises and Equipment, net
PP&E useful life	5 years
Leasehold improvements
Premises and Equipment, net
Property, Plant, and Equipment, Useful Life, Term, Description	us-gaap:UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Goodwill
Goodwill	$ 1,516	$ 1,516

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Operating Segments (Details) - segment	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Operating Segments
Number of reportable segments	1	1
Segment Reporting, CODM, Individual Title and Position or Group Name	srt:ChiefExecutiveOfficerMember, srt:PresidentMember	srt:ChiefExecutiveOfficerMember, srt:PresidentMember

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details)	Dec. 31, 2024
Accounting Standards Update 2023-09
Recent Accounting Pronouncements
Change in Accounting Principle, Accounting Standards Update, Adopted	false

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value - Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale
Available for sale securities at amortized cost	$ 100,212	$ 97,554
Gross unrealized gains	286	281
Gross unrealized losses	(3,790)	(4,787)
Allowance for credit losses	(2,824)	(1,283)
Available for sale securities at fair value	93,884	91,765
US Government-sponsored Enterprises Debt Securities
Debt Securities, Available-for-Sale
Available for sale securities at amortized cost	15,000	16,490
Gross unrealized losses	(241)	(457)
Available for sale securities at fair value	14,759	16,033
US States and Political Subdivisions Debt Securities
Debt Securities, Available-for-Sale
Available for sale securities at amortized cost	357	388
Gross unrealized losses	(24)	(28)
Available for sale securities at fair value	333	360
Residential Mortgage-Backed Securities
Debt Securities, Available-for-Sale
Available for sale securities at amortized cost	13,814	15,473
Gross unrealized gains	27	30
Gross unrealized losses	(1,555)	(1,426)
Available for sale securities at fair value	12,286	14,077
Asset backed securities
Debt Securities, Available-for-Sale
Available for sale securities at amortized cost	39,300	35,750
Gross unrealized gains	94
Gross unrealized losses	(2)	(347)
Available for sale securities at fair value	39,392	35,403
Corporate Debt Securities and Other Securities
Debt Securities, Available-for-Sale
Available for sale securities at amortized cost	31,741	29,453
Gross unrealized gains	165	251
Gross unrealized losses	(1,968)	(2,529)
Allowance for credit losses	(2,824)	(1,283)
Available for sale securities at fair value	$ 27,114	$ 25,892

Securities - Amortized Cost a_2

Securities - Amortized Cost and Fair Value - Held to Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity
Amortized cost	$ 41,294	$ 36,122
Gross unrealized gains	59	90
Gross unrealized losses	(7,539)	(6,556)
Allowance for credit losses	0	0
Held to maturity securities at fair value	33,814	29,656
US Government-sponsored Enterprises Debt Securities
Debt Securities, Held-to-Maturity
Amortized cost	28,000	28,000
Gross unrealized losses	(4,932)	(4,419)
Held to maturity securities at fair value	23,068	23,581
US States and Political Subdivisions Debt Securities
Debt Securities, Held-to-Maturity
Amortized cost	1,234	1,272
Gross unrealized gains	59	90
Held to maturity securities at fair value	1,293	1,362
Residential Mortgage-Backed Securities
Debt Securities, Held-to-Maturity
Amortized cost	12,060	6,850
Gross unrealized losses	(2,607)	(2,137)
Held to maturity securities at fair value	$ 9,453	$ 4,713

Securities - Amortized Cost a_3

Securities - Amortized Cost and Fair Value - Equity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Equity Securities
Amortized cost	$ 10,606	$ 9,050
Gross unrealized gains	64	99
Gross unrealized losses	(820)	(1,347)
Equity securities at fair value	$ 9,850	$ 7,802

Securities - Provision for Cred

Securities - Provision for Credit Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Securities
Provision for credit loss on AFS debt securities	$ 1,541	$ 1,283

Securities - Amortized Cost of

Securities - Amortized Cost of Held to Maturity Debt Securities by External Credit Rating (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity
Amortized cost	$ 41,294	$ 36,122
External Credit Rating, Investment Grade | Standard & Poor's, AAA, AA, or A Rating
Debt Securities, Held-to-Maturity
Amortized cost	41,294	36,022
External Credit Rating, Investment Grade | Standard & Poor's, No Rating
Debt Securities, Held-to-Maturity
Amortized cost		100
US Government-sponsored Enterprises Debt Securities
Debt Securities, Held-to-Maturity
Amortized cost	28,000	28,000
US Government-sponsored Enterprises Debt Securities | External Credit Rating, Investment Grade | Standard & Poor's, AAA, AA, or A Rating
Debt Securities, Held-to-Maturity
Amortized cost	28,000	28,000
US States and Political Subdivisions Debt Securities
Debt Securities, Held-to-Maturity
Amortized cost	1,234	1,272
US States and Political Subdivisions Debt Securities | External Credit Rating, Investment Grade | Standard & Poor's, AAA, AA, or A Rating
Debt Securities, Held-to-Maturity
Amortized cost	1,234	1,172
US States and Political Subdivisions Debt Securities | External Credit Rating, Investment Grade | Standard & Poor's, No Rating
Debt Securities, Held-to-Maturity
Amortized cost		100
Residential Mortgage-Backed Securities
Debt Securities, Held-to-Maturity
Amortized cost	12,060	6,850
Residential Mortgage-Backed Securities | External Credit Rating, Investment Grade | Standard & Poor's, AAA, AA, or A Rating
Debt Securities, Held-to-Maturity
Amortized cost	$ 12,060	$ 6,850

Securities - Securities by Cont

Securities - Securities by Contractual Maturity - Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Available for sale at amortized cost
Due in one year	$ 3,285
Due after one year through five years	30,283
Due after five years through ten years	27,639
Due after ten years	25,191
Residential mortgage-backed securities	13,814
Available for sale at amortized cost	100,212	$ 97,554
Available for sale at fair value
Due in one year	3,243
Due after one year through five years	26,678
Due after five years through ten years	26,437
Due after ten years	25,240
Residential mortgage-backed securities	12,286
Available for sale at fair value	$ 93,884	$ 91,765

Securities - Securities by Co_2

Securities - Securities by Contractual Maturity - Held to Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Held to maturity at amortized cost
Due after one year through five years	$ 3,000
Due after ten years	26,234
Residential mortgage-backed securities	12,060
Held to maturity, Amortized cost	41,294	$ 36,122
Held to maturity at fair value
Due after one year through five years	2,927
Due after ten years	21,434
Residential mortgage-backed securities	9,453
Held to maturity, Fair Value	$ 33,814

Securities - Unrealized Loss Po

Securities - Unrealized Loss Position (Details) - security	Dec. 31, 2024	Dec. 31, 2023
Securities
Number of securities in an unrealized loss position	75	98

Securities - Accrued Interest R

Securities - Accrued Interest Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss
Debt securities, available-for-sale, accrued interest, after allowance for credit loss	$ 1.2	$ 1.5
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position	Accrued interest receivable	Accrued interest receivable

Securities - Held to Maturity D

Securities - Held to Maturity Debt Securities, Nonaccrual Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Nonaccrual Status
Debt securities, held-to-maturity, nonaccrual, interest income, reversed	$ 125	$ 0
Debt securities, held-to-maturity, nonaccrual, interest payments, reduction of principal	$ 213	$ 0

Securities - Concentration (Det

Securities - Concentration (Details) - security	Dec. 31, 2024	Dec. 31, 2023
US Government-sponsored Enterprises Debt Securities
Securities
Concentration risk, percentage, debt securities, available-for-sale and held-to-maturity, holdings as percentage of shareholders' equity, low end of range (as a percent)	10%	10%
Securities other than government and its agencies
Securities
Number of debt securities held	0	0
Number of securities issuers	1	1

Securities - Unrealized Loss _2

Securities - Unrealized Loss Position - Fair Value - Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, estimated fair value	$ 4,006
Available for sale, 12 months and greater, estimated fair value	44,846	$ 85,169
Available for sale, estimated fair value	48,852	85,169
US Government-sponsored Enterprises Debt Securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, estimated fair value	0
Available for sale, 12 months and greater, estimated fair value	14,759	16,033
Available for sale, estimated fair value	14,759	16,033
US States and Political Subdivisions Debt Securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, estimated fair value	0
Available for sale, 12 months and greater, estimated fair value	333	360
Available for sale, estimated fair value	333	360
Residential Mortgage-Backed Securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, estimated fair value	8
Available for sale, 12 months and greater, estimated fair value	12,145	13,949
Available for sale, estimated fair value	12,153	13,949
Asset backed securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, estimated fair value	3,998
Available for sale, 12 months and greater, estimated fair value	3,000	35,403
Available for sale, estimated fair value	6,998	35,403
Corporate Debt Securities and Other Securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, estimated fair value	0
Available for sale, 12 months and greater, estimated fair value	14,609	19,424
Available for sale, estimated fair value	$ 14,609	$ 19,424

Securities - Unrealized Loss _3

Securities - Unrealized Loss Position - Accumulated Loss - Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, unrealized loss	$ (2)
Available for sale, 12 months and greater unrealized loss	(3,788)	$ (4,787)
Available for sale, unrealized loss	(3,790)	(4,787)
US Government-sponsored Enterprises Debt Securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, unrealized loss	0
Available for sale, 12 months and greater unrealized loss	(241)	(457)
Available for sale, unrealized loss	(241)	(457)
US States and Political Subdivisions Debt Securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, unrealized loss	0
Available for sale, 12 months and greater unrealized loss	(24)	(28)
Available for sale, unrealized loss	(24)	(28)
Residential Mortgage-Backed Securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, unrealized loss	(1)
Available for sale, 12 months and greater unrealized loss	(1,554)	(1,426)
Available for sale, unrealized loss	(1,555)	(1,426)
Asset backed securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, unrealized loss	(1)
Available for sale, 12 months and greater unrealized loss	(1)	(347)
Available for sale, unrealized loss	(2)	(347)
Corporate Debt Securities and Other Securities
Debt Securities, Available-for-Sale
Available for sale, less than 12 months, unrealized loss	0
Available for sale, 12 months and greater unrealized loss	(1,968)	(2,529)
Available for sale, unrealized loss	$ (1,968)	$ (2,529)

Securities - Unrealized Loss _4

Securities - Unrealized Loss Position - Fair Value - Held to Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Held-to-Maturity
Held to maturity, less than 12 months estimated fair value	$ 0
Held to maturity, 12 months and greater, estimated fair value	27,521	$ 28,294
Held to maturity, estimated fair value	27,521	28,294
US Government-sponsored Enterprises Debt Securities
Held-to-Maturity
Held to maturity, less than 12 months estimated fair value	0
Held to maturity, 12 months and greater, estimated fair value	23,068	23,581
Held to maturity, estimated fair value	23,068	23,581
Residential Mortgage-Backed Securities
Held-to-Maturity
Held to maturity, less than 12 months estimated fair value	0
Held to maturity, 12 months and greater, estimated fair value	4,453	4,713
Held to maturity, estimated fair value	$ 4,453	$ 4,713

Securities - Unrealized Loss _5

Securities - Unrealized Loss Position - Accumulated Loss - Held to Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Held-to-Maturity
Held to maturity, less than 12 months unrealized loss	$ 0
Held to maturity, 12 months and greater, unrealized loss	(7,539)	$ (6,556)
Held to maturity, unrealized loss	(7,539)	(6,556)
US Government-sponsored Enterprises Debt Securities
Held-to-Maturity
Held to maturity, less than 12 months unrealized loss	0
Held to maturity, 12 months and greater, unrealized loss	(4,932)	(4,419)
Held to maturity, unrealized loss	(4,932)	(4,419)
Residential Mortgage-Backed Securities
Held-to-Maturity
Held to maturity, less than 12 months unrealized loss	0
Held to maturity, 12 months and greater, unrealized loss	(2,607)	(2,137)
Held to maturity, unrealized loss	$ (2,607)	$ (2,137)

Securities - Realized Gains (Lo

Securities - Realized Gains (Losses) - Available for Sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale
Debt securities, available-for-sale, realized gain (loss)	$ 0	$ 0

Securities - Realized Gains (_2

Securities - Realized Gains (Losses) - Held to Maturity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity
Debt security, held-to-maturity, sold, realized gain (loss)	$ 0	$ 0

Securities - Pledged Securities

Securities - Pledged Securities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Securities
Carrying value of securities	$ 11.5	$ 9.7
Debt Securities, Pledging Purpose	unty:OtherBorrowingsMember	unty:OtherBorrowingsMember

Securities - Gains (Losses) of

Securities - Gains (Losses) of Equity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Equity Securities
Net unrealized gains (losses) recognized during the period on equity securities	$ 492	$ (338)
Net gains recognized during the period on equity securities sold during the period	94	345
Gains recognized during the reporting period on equity securities	$ 586	$ 7

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan
Accrued interest on loans	$ 11.3	$ 11.7
Interest income from non accrual loans	$ 0.6	$ 0.9
Number of loans modified | loan	1	0
Interest income recognized on nonaccrual loans	$ 0	$ 0
Home equity
Amount of loan modified	$ 2.2

Loans - Classification of Loans

Loans - Classification of Loans by Class (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 2,260,657	$ 2,172,063
SBA loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	36,859	38,584
SBA PPP loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,450	2,318
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,411,629	1,277,460
Commercial loans | SBA 504 loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	48,479	33,669
Commercial loans | Commercial & industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	147,186	128,402
Commercial loans | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,085,771	986,230
Commercial loans | Commercial real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	130,193	129,159
Residential mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	630,927	631,506
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	76,711	72,676
Consumer loans | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	73,223	67,037
Consumer loans | Consumer other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	3,488	5,639
Residential construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	90,918	131,277
Total loans held for investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	2,248,494	2,153,821
SBA loans held for sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 12,163	$ 18,242

Loans - Risk by Loan Portfolio

Loans - Risk by Loan Portfolio (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	$ 2,260,657	$ 2,172,063
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total loans	1,791	2,636
SBA loans held for investment
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	2,167	1,938
One Year Prior to Current Year	2,349	8,360
Two Years Prior to Current Year	7,901	7,265
Three Years Prior to Current Year	7,433	6,783
Four Years Prior to Current Year	6,194	2,634
Five Years Prior to Current Year and Earlier	10,815	11,604
Total Loans	36,859	38,584
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
One Year Prior to Current Year		100
Two Years Prior to Current Year	300
Three Years Prior to Current Year	70
Four Years Prior to Current Year		113
Total loans	370	213
SBA PPP loans
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	1,450
Total Loans	1,450	2,318
Commercial loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	189,371	139,622
One Year Prior to Current Year	167,190	343,755
Two Years Prior to Current Year	337,618	183,293
Three Years Prior to Current Year	163,247	128,179
Four Years Prior to Current Year	124,412	103,132
Five Years Prior to Current Year and Earlier	335,396	282,096
Revolving Loans Amortized Cost Basis	94,395	97,383
Total Loans	1,411,629	1,277,460
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Two Years Prior to Current Year	38	150
Three Years Prior to Current Year	138
Four Years Prior to Current Year	200	350
Five Years Prior to Current Year and Earlier	107	252
Revolving Loans Amortized Cost Basis	150
Total loans	633	752
Commercial loans | Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	1,085,771	986,230
Commercial loans | Commercial real estate construction
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	130,193	129,159
Commercial loans | Commercial & industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	147,186	128,402
Residential mortgage loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	93,825	102,892
One Year Prior to Current Year	74,089	256,883
Two Years Prior to Current Year	225,783	75,300
Three Years Prior to Current Year	67,430	53,053
Four Years Prior to Current Year	44,366	31,427
Five Years Prior to Current Year and Earlier	125,434	111,951
Total Loans	630,927	631,506
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Two Years Prior to Current Year		25
Three Years Prior to Current Year	150
Five Years Prior to Current Year and Earlier		68
Total loans	150	93
Consumer loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	5,898	3,428
One Year Prior to Current Year	2,602	4,777
Two Years Prior to Current Year	3,275	3,681
Three Years Prior to Current Year	1,515	795
Four Years Prior to Current Year	667	2,481
Five Years Prior to Current Year and Earlier	10,409	7,763
Revolving Loans Amortized Cost Basis	52,345	49,751
Total Loans	76,711	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	63	552
Three Years Prior to Current Year	100
Five Years Prior to Current Year and Earlier	198
Total loans	361	578
Consumer loans | Home equity
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	73,223	67,037
Consumer loans | Consumer other
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total Loans	3,488	5,639
Residential construction loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	36,522	28,827
One Year Prior to Current Year	16,889	72,257
Two Years Prior to Current Year	26,683	25,395
Three Years Prior to Current Year	7,766	1,965
Four Years Prior to Current Year	1,701	491
Five Years Prior to Current Year and Earlier	1,357	2,342
Total Loans	90,918	131,277
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Five Years Prior to Current Year and Earlier	277	600
Revolving Loans Amortized Cost Basis		400
Total loans	277	1,000
Total loans held for investment including PPP
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	327,783	276,707
One Year Prior to Current Year	263,119	686,031
Two Years Prior to Current Year	601,260	297,252
Three Years Prior to Current Year	248,841	190,775
Four Years Prior to Current Year	177,340	140,165
Five Years Prior to Current Year and Earlier	483,411	415,756
Revolving Loans Amortized Cost Basis	146,740	147,134
Total Loans	2,248,494	2,153,821
Performing | Residential mortgage loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	93,825	102,892
One Year Prior to Current Year	73,862	253,919
Two Years Prior to Current Year	224,295	72,586
Three Years Prior to Current Year	65,192	51,999
Four Years Prior to Current Year	44,366	30,482
Five Years Prior to Current Year and Earlier	122,916	109,302
Total Loans	624,456	621,180
Performing | Consumer loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	5,898	3,428
One Year Prior to Current Year	2,602	4,777
Two Years Prior to Current Year	3,275	3,681
Three Years Prior to Current Year	1,515	670
Four Years Prior to Current Year	667	2,481
Five Years Prior to Current Year and Earlier	10,409	7,507
Revolving Loans Amortized Cost Basis	52,345	49,751
Total Loans	76,711	72,295
Performing | Residential construction loans
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, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
One Year Prior to Current Year	227	2,964
Two Years Prior to Current Year	1,488	2,714
Three Years Prior to Current Year	2,238	1,054
Four Years Prior to Current Year		945
Five Years Prior to Current Year and Earlier	2,518	2,649
Total Loans	6,471	10,326
Nonperforming | Consumer loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Three Years Prior to Current Year		125
Five Years Prior to Current Year and Earlier		256
Total Loans		381
Nonperforming | Residential construction loans
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, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	2,167	1,938
One Year Prior to Current Year	1,580	5,339
Two Years Prior to Current Year	5,205	4,723
Three Years Prior to Current Year	4,961	6,083
Four Years Prior to Current Year	5,570	2,634
Five Years Prior to Current Year and Earlier	10,085	10,996
Total Loans	29,568	31,713
Pass | SBA PPP loans
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	1,450
Total Loans	1,450	2,318
Pass | Commercial loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	189,371	139,622
One Year Prior to Current Year	167,190	343,755
Two Years Prior to Current Year	331,349	181,419
Three Years Prior to Current Year	161,508	128,165
Four Years Prior to Current Year	123,225	101,274
Five Years Prior to Current Year and Earlier	330,131	271,469
Revolving Loans Amortized Cost Basis	94,369	96,988
Total Loans	1,397,143	1,262,692
Pass | Residential construction loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current Year	36,522
One Year Prior to Current Year	16,889
Two Years Prior to Current Year	26,683
Three Years Prior to Current Year	7,766
Four Years Prior to Current Year	1,154
Five Years Prior to Current Year and Earlier	1,357
Total Loans	90,371
Special mention | SBA loans held for investment
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
One Year Prior to Current Year	769	1,765
Two Years Prior to Current Year	1,740	356
Three Years Prior to Current Year	356	510
Four Years Prior to Current Year	508
Five Years Prior to Current Year and Earlier	729	31
Total Loans	4,102	2,662
Special mention | Commercial loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Two Years Prior to Current Year	6,269	1,815
Three Years Prior to Current Year	1,737
Four Years Prior to Current Year		1,570
Five Years Prior to Current Year and Earlier	3,108	7,423
Revolving Loans Amortized Cost Basis	17	395
Total Loans	11,131	11,203
Substandard | SBA loans held for investment
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	956	2,186
Three Years Prior to Current Year	2,116	190
Four Years Prior to Current Year	116
Five Years Prior to Current Year and Earlier	1	577
Total Loans	3,189	4,209
Substandard | Commercial loans
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	14
Four Years Prior to Current Year	1,187	288
Five Years Prior to Current Year and Earlier	2,157	3,204
Revolving Loans Amortized Cost Basis	9
Total Loans	3,355	$ 3,565
Substandard | Residential construction loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Four Years Prior to Current Year	547
Total Loans	$ 547

Loans - Aging Analysis of Past

Loans - Aging Analysis of Past Due and Nonaccrual Loans by Class (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	$ 2,259,207	$ 2,169,745
30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	40,494	13,912
60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	9,051	1,696
90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	760	946
Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	13,082	18,240
Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	63,387	34,794
Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,195,820	2,134,951
SBA loans held for investment
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	36,859	38,584
SBA loans held for investment | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	1,006	551
SBA loans held for investment | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	451	185
SBA loans held for investment | Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,850	3,444
SBA loans held for investment | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	5,307	4,180
SBA loans held for investment | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	31,552	34,404
Commercial loans | SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	48,479	33,669
Commercial loans | Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	147,186	128,402
Commercial loans | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	1,085,771	986,230
Commercial loans | Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	130,193	129,159
Commercial loans | 30-59 days past due | Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	941	288
Commercial loans | 30-59 days past due | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	22,378	1,732
Commercial loans | 60-89 days past due | Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		78
Commercial loans | 60-89 days past due | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,339
Commercial loans | Nonaccrual | Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	1,228	283
Commercial loans | Nonaccrual | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	1,746	1,665
Commercial loans | Past Due | Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,169	649
Commercial loans | Past Due | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	26,463	3,397
Commercial loans | Current | SBA 504 loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	48,479	33,669
Commercial loans | Current | Commercial & industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	145,017	127,753
Commercial loans | Current | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	1,059,308	982,833
Commercial loans | Current | Commercial real estate construction
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	130,193	129,159
Residential mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	630,927	631,506
Residential mortgage loans | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	15,654	8,719
Residential mortgage loans | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	4,094	1,378
Residential mortgage loans | 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	760	946
Residential mortgage loans | Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	5,711	10,326
Residential mortgage loans | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	26,219	21,369
Residential mortgage loans | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	604,708	610,137
Consumer loans | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	73,223	67,037
Consumer loans | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,488	5,639
Consumer loans | 30-59 days past due | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	479	14
Consumer loans | 30-59 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	36	28
Consumer loans | 60-89 days past due | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,162
Consumer loans | 60-89 days past due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	5	55
Consumer loans | Nonaccrual | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		381
Consumer loans | Past Due | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,641	395
Consumer loans | Past Due | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	41	83
Consumer loans | Current | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	70,582	66,642
Consumer loans | Current | Consumer other
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	3,447	5,556
Residential construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	90,918	131,277
Residential construction loans | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP		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	547	4,721
Residential construction loans | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	90,371	126,556
Total loans held for investment including PPP
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,247,044	2,151,503
Total loans held for investment including PPP | 30-59 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	40,494	13,912
Total loans held for investment including PPP | 60-89 days past due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	9,051	1,696
Total loans held for investment including PPP | 90 days and still accruing
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	760	946
Total loans held for investment including PPP | Nonaccrual
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	13,082	18,240
Total loans held for investment including PPP | Past Due
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	63,387	34,794
Total loans held for investment including PPP | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	2,183,657	2,116,709
SBA loans held for sale
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	12,163	18,242
SBA loans held for sale | Current
Financing Receivable, Recorded Investment [Line Items]
Total loans, excluding SBA PPP	$ 12,163	$ 18,242

Loans - Individually Evaluated

Loans - Individually Evaluated Loans with Associated Allowance (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Unpaid principal balance
With no related allowance	$ 7,363	$ 15,291
With an allowance	8,643	6,412
Total individually evaluated loans	16,006	21,703
Recorded investment
with no related allowance	6,351	13,443
with an allowance	7,491	5,750
Total individually evaluated loans	13,842	19,186
Valuation allowance	971	995
SBA loans held for investment
Unpaid principal balance
With no related allowance	432	2,264
With an allowance	4,011	1,383
Total individually evaluated loans	4,443	3,647
Recorded investment
with no related allowance	334	2,186
with an allowance	3,516	1,258
Total individually evaluated loans	3,850	3,444
Valuation allowance	755	348
Commercial loans
Unpaid principal balance
With no related allowance	2,693	2,734
With an allowance	1,672	847
Total individually evaluated loans	4,365	3,581
Recorded investment
with no related allowance	1,779	1,607
with an allowance	1,195	341
Total individually evaluated loans	2,974	1,948
Valuation allowance	62	341
Commercial loans | Commercial real estate
Unpaid principal balance
With no related allowance	2,055	2,734
With an allowance		209
Total individually evaluated loans	2,055	2,943
Recorded investment
with no related allowance	1,746	1,607
with an allowance		58
Total individually evaluated loans	1,746	1,665
Valuation allowance		58
Commercial loans | Commercial & industrial
Unpaid principal balance
With no related allowance	638
With an allowance	1,672	638
Total individually evaluated loans	2,310	638
Recorded investment
with no related allowance	33
with an allowance	1,195	283
Total individually evaluated loans	1,228	283
Valuation allowance	62	283
Residential mortgage loans
Unpaid principal balance
With no related allowance	4,238	7,146
With an allowance	2,413	4,182
Total individually evaluated loans	6,651	11,328
Recorded investment
with no related allowance	4,238	7,121
with an allowance	2,233	4,151
Total individually evaluated loans	6,471	11,272
Valuation allowance	52	306
Consumer loans
Unpaid principal balance
With no related allowance		390
Total individually evaluated loans		390
Recorded investment
with no related allowance		388
Total individually evaluated loans		381
Consumer loans | Home equity
Unpaid principal balance
With no related allowance		390
Total individually evaluated loans		390
Recorded investment
with no related allowance		388
Total individually evaluated loans		381
Residential construction loans
Unpaid principal balance
With no related allowance		2,757
With an allowance	547
Total individually evaluated loans	547	2,757
Recorded investment
with no related allowance		2,141
with an allowance	547
Total individually evaluated loans	547	$ 2,141
Valuation allowance	$ 102

Loans - Other Loan Information

Loans - Other Loan Information - Servicing Assets - General Information (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Servicing Assets
Loans serviced, but owned by third party investors	$ 179,000	$ 184,200
Servicing assets, carrying value	$ 663	$ 881	$ 691

Loans - Other Loan Informatio_2

Loans - Other Loan Information - Servicing Assets - Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Servicing Assets
Beginning balance	$ 881	$ 691
Servicing assets capitalized	186	576
Amortization of expense, net	(404)	(386)
Ending balance	$ 663	$ 881

Loans - Other Loan Informatio_3

Loans - Other Loan Information - Servicing Assets - Discounts (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
SBA loans held for sale
Unamortized Discount
Unamortized discount	$ 0.5	$ 0.6

Loans - Other Loan Informatio_4

Loans - Other Loan Information - Servicing Assets - Loans Sold, in Process (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Residential mortgage loans
Servicing Assets
Loans in the process of being sold	$ 3.4	$ 5

Loans - Officer and Director Lo

Loans - Officer and Director Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Loans
Loan portfolio secured by real estate, percent	96%	96%
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning of year	$ 7,894	$ 8,124
New loans and advances	1,500	788
Loan repayments	(1,078)	(953)
Loans removed		(65)
Balance, end of year	$ 8,316	$ 7,894

Loans - Modifications (Details)

Loans - Modifications (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Principal Forgiveness
Financing Receivable, Modified [Line Items]
Amortized Cost Basis		$ 9
Percentage of Loan Class		0.10%
Principal Forgiveness | SBA loans | SBA loans held for investment
Financing Receivable, Modified [Line Items]
Amortized Cost Basis		$ 9
Percentage of Loan Class		0.10%
Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 725	$ 1,290
Percentage of Loan Class	0.10%	0.10%
Payment Delay | SBA loans | SBA loans held for investment
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 93
Percentage of Loan Class	0.30%
Payment Delay | Commercial real estate | Commercial loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 632	$ 1,290
Percentage of Loan Class	0.10%	0.10%
Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 5,077	$ 1,670
Percentage of Loan Class	0.20%	0.10%
Term Extension | Commercial & industrial | Commercial loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 1,882	$ 835
Percentage of Loan Class	2.40%	0.10%
Term Extension | Commercial real estate | Commercial loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis		$ 732
Percentage of Loan Class		0.10%
Term Extension | Residential mortgage loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 1,033
Percentage of Loan Class	0.20%
Term Extension | Home equity | Consumer loans
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 2,162	$ 103
Percentage of Loan Class	3%	0.10%

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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 25,854	$ 25,196
Charge-offs	(1,791)	(2,636)
Recoveries	318	615
Net charge-offs	(1,473)	(2,021)
Provision for (credit to) credit losses charged to expense	2,407	1,832
Balance, end of period	26,788	25,854
Cumulative effect, period of adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	847
Balance, end of period		847
SBA loans held for investment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,221	875
Charge-offs	(370)	(213)
Recoveries	47	20
Net charge-offs	(323)	(193)
Provision for (credit to) credit losses charged to expense	637	376
Balance, end of period	1,535	1,221
SBA loans held for investment | Cumulative effect, period of adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	163
Balance, end of period		163
Commercial loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	15,876	15,254
Charge-offs	(633)	(752)
Recoveries	204	400
Net charge-offs	(429)	(352)
Provision for (credit to) credit losses charged to expense	1,914	803
Balance, end of period	17,361	15,876
Commercial loans | Cumulative effect, period of adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	171
Balance, end of period		171
Residential mortgage loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	6,529	5,450
Charge-offs	(150)	(93)
Recoveries	0	0
Net charge-offs	(150)	(93)
Provision for (credit to) credit losses charged to expense	(125)	796
Balance, end of period	6,254	6,529
Residential mortgage loans | Cumulative effect, period of adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	376
Balance, end of period		376
Consumer loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,022	990
Charge-offs	(361)	(578)
Recoveries	67	84
Net charge-offs	(294)	(494)
Provision for (credit to) credit losses charged to expense	47	425
Balance, end of period	775	1,022
Consumer loans | Cumulative effect, period of adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	101
Balance, end of period		101
Residential construction loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,206	2,627
Charge-offs	(277)	(1,000)
Recoveries		111
Net charge-offs	(277)	(889)
Provision for (credit to) credit losses charged to expense		(568)
(Credit to) loan losses charged to expense	(66)
Balance, end of period	863	1,206
Residential construction loans | Cumulative effect, period of adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 36
Balance, end of period		$ 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	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	$ 26,788	$ 25,854	$ 25,196
Total Loans	2,260,657	2,172,063
SBA held for investment including PPP loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	755	348
Collectively evaluated for impairment	780	873
Total	1,535	1,221
Individually evaluated for impairment	3,850	3,444
Collectively evaluated for impairment	34,459	37,458
Total Loans	38,309	40,902
SBA loans held for investment
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	1,535	1,221	875
Total Loans	36,859	38,584
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	62	341
Collectively evaluated for impairment	17,299	15,535
Total	17,361	15,876	15,254
Individually evaluated for impairment	2,974	1,948
Collectively evaluated for impairment	1,408,655	1,275,512
Total Loans	1,411,629	1,277,460
Residential mortgage loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	52	306
Collectively evaluated for impairment	6,202	6,223
Total	6,254	6,529	5,450
Individually evaluated for impairment	6,471	11,272
Collectively evaluated for impairment	624,456	620,234
Total Loans	630,927	631,506
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	775	1,022
Total	775	1,022	990
Individually evaluated for impairment	0	381
Collectively evaluated for impairment	76,711	72,295
Total Loans	76,711	72,676
Residential construction loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	102	0
Collectively evaluated for impairment	761	1,206
Total	863	1,206	$ 2,627
Individually evaluated for impairment	547	2,141
Collectively evaluated for impairment	90,371	129,136
Total Loans	90,918	131,277
Total loans held for investment including PPP
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Loans	2,248,494	2,153,821
Total loans held for investment excluding SBA PPP
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	971	995
Collectively evaluated for impairment	25,817	24,859
Total	26,788	25,854
Individually evaluated for impairment	13,842	19,186
Collectively evaluated for impairment	2,234,652	2,134,635
Total Loans	$ 2,248,494	$ 2,153,821

Allowance for Credit Losses a_5

Allowance for Credit Losses and Reserve for Unfunded Loan Commitments - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Reserve for impairment	$ 2.8	$ 1.3
Allowance for credit losses	0	0
Unfunded loan commitment
Financing Receivable, Allowance for Credit Loss [Line Items]
Reserve for commitments	$ 0.6	$ 0.6

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Premises and Equipment, net
Gross premises and equipment	$ 28,282	$ 41,109
Less: Accumulated depreciation	(9,504)	(21,542)
Net premises and equipment	18,778	19,567
Depreciation	1,500	1,400
Land and buildings
Premises and Equipment, net
Gross premises and equipment	23,319	24,582
Furniture, fixtures and equipment
Premises and Equipment, net
Gross premises and equipment	3,429	13,322
Leasehold improvements
Premises and Equipment, net
Gross premises and equipment	$ 1,534	$ 3,205

Deposits - Schedule of Deposits

Deposits - Schedule of Deposits by Time Remaining on Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Less than $250,000, Three months or less	$ 197,392	$ 157,742
Less than $250,000, More than three months through six months	186,828	140,052
Less than $250,000, More than six months through twelve months	150,942	104,619
Less than $250,000, More than 12 months	41,260	88,311
Less than $250,000, Total	576,422	490,724
$250,000 or more, Three months or less	85,296	21,649
$250,000 or more, More than three months through six months	100,173	63,783
$250,000 or more, More than six months through twelve months	47,951	36,830
$250,000 or more, More than twelve months	5,261	13,078
$250,000 or more, Total	$ 238,681	$ 135,340

Deposits - Schedule of Certific

Deposits - Schedule of Certificates of Deposits by Year of Maturity (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Deposits [Abstract]
2025	$ 768,582
2026	33,387
2027	11,178
2028	1,306
2029	542
Thereafter	108
Total	$ 815,103

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Related Party Deposit Liabilities	$ 30.6	$ 33

Borrowed Funds, Subordinated _3

Borrowed Funds, Subordinated Debentures and Derivatives - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Debt	$ 230,814
Non-overnight, fixed rate advances
Debt Instrument [Line Items]
Borrowed funds at December 31	$ 20,504	$ 109,438
Rate at December 31	4.36%	3.86%
Long-term Debt	$ 20,504
Overnight advances
Debt Instrument [Line Items]
Borrowed funds at December 31	$ 140,000	$ 217,000
Rate at December 31	4.67%	5.61%
Long-term Debt	$ 140,000
Puttable advances
Debt Instrument [Line Items]
Borrowed funds at December 31	$ 60,000	$ 30,000
Rate at December 31	3.70%	3.91%
Long-term Debt	$ 60,000
Subordinated debentures:
Debt Instrument [Line Items]
Borrowed funds at December 31	$ 10,310	$ 10,310
Rate at December 31	6.19%	7.21%
Long-term Debt	$ 10,310

Borrowed Funds, Subordinated _4

Borrowed Funds, Subordinated Debentures and Derivatives - Scheduled Maturities of Term Borrowings (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
2025	$ 150,504
2028	30,000
2029	40,000
Thereafter	10,310
Total	230,814
Non-overnight, fixed rate advances
Debt Instrument [Line Items]
2025	10,504
2028	10,000
Total	20,504
Overnight advances
Debt Instrument [Line Items]
2025	140,000
Total	140,000
Puttable advances
Debt Instrument [Line Items]
2028	20,000
2029	40,000
Total	60,000
Subordinated debentures:
Debt Instrument [Line Items]
2025	0
2026	0
2027	0
2028	0
2029	0
Thereafter	10,310
Total	$ 10,310

Borrowed Funds, Subordinated _5

Borrowed Funds, Subordinated Debentures and Derivatives - Subordinated Debentures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jul. 24, 2006
Debt Instrument [Line Items]
Subordinated debentures	$ 10,310	$ 10,310
Estimated fair value	$ 310	$ 310	$ 465
Subordinated Debentures Subject to Mandatory Redemption | Subordinated Debenture July 24, 2006
Debt Instrument [Line Items]
Subordinated debentures			$ 10,000
Debt term	3 months
Debt instrument basis spread on variable rate	2.62%
Interest rate at period end	6.189%	7.212%
Maximum period to defer interest payment without default	5 years

Borrowed Funds, Subordinated _6

Borrowed Funds, Subordinated Debentures and Derivatives - Summary of Interest Rate Swaps (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) contract	Dec. 31, 2023 USD ($) contract
Derivative Instruments, Gain (Loss) [Line Items]
Cash and due from banks	$ 20,206	$ 20,668
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount	20,000	20,000
Fair value	$ 139	$ 918
Weighted average pay rate	0.83%	0.83%
Weighted average receive rate	5.12%	5.27%
Weighted average maturity in years	2 months 8 days	1 year 6 months 25 days
Number of contracts | contract	1	1
Interest Rate Swap | Asset pledged as collateral
Derivative Instruments, Gain (Loss) [Line Items]
Cash and due from banks	$ 0	$ 0
Cash and Cash Equivalents, Pledged Status [Extensible Enumeration]	Asset pledged as collateral	Asset pledged as collateral
Interest Rate Swap | Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount	$ 20,000
Fair value	$ 600
Effective interest rate obligation	2.89%

Borrowed Funds, Subordinated _7

Borrowed Funds, Subordinated Debentures and Derivatives - Gain (Loss) in AOCI (Details) - AOCI (loss) gain on cash flow derivative instruments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Loss recognized in OCI, Gross of tax	$ (172)	$ (619)
Loss recognized in OCI, Net of tax	(125)	(450)
Loss reclassified from AOCI into net income, Gross of tax	(925)	(899)
Loss reclassified from AOCI into net income, Net of tax	$ (671)	$ (635)

Leases and Commitments - Narrat

Leases and Commitments - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Other Commitments [Line Items]
Operating lease right-of-use assets	$ 4,600	$ 5,200
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets	Prepaid Expense and Other Assets
Lease liabilities	$ 4,774	$ 5,300
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities and Other Liabilities	Accrued Liabilities and Other Liabilities
Lease terminations | item	0	0
Commitments to Extend Credit
Other Commitments [Line Items]
Reserve for commitments	$ 322,300	$ 312,500
Commitments expire within one year	167,100	149,300
Standby Letters of Credit
Other Commitments [Line Items]
Reserve for commitments	$ 5,500	$ 5,700
Minimum
Other Commitments [Line Items]
Operating lease, remaining contract term	1 year
Operating Lease renewal term	1 year
Maximum
Other Commitments [Line Items]
Operating lease, remaining contract term	10 years
Operating Lease renewal term	5 years

Leases and Commitments - Net Le

Leases and Commitments - Net Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Net Lease Cost
Operating lease cost	$ 732	$ 777
Net lease cost	$ 732	$ 777

Leases and Commitments - Cash a

Leases and Commitments - Cash and Non-cash Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 711	$ 742

Leases and Commitments - Other

Leases and Commitments - Other Information (Details)	Dec. 31, 2024	Dec. 31, 2023
Leases and Commitments
Weighted average remaining lease term in years	9 years 5 months 19 days	10 years 2 months 12 days
Weighted average discount rate (as a percent)	2.94%	3.04%

Leases and Commitments - Maturi

Leases and Commitments - Maturity of Remaining Lease Liabilities (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Leases and Commitments
2025	$ 703
2026	716
2027	672
2028	436
2029	428
2030 and thereafter	2,399
Total lease payments	$ 5,354

Leases and Commitments - Gross

Leases and Commitments - Gross Difference (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Gross Difference
Total lease payments	$ 5,354
Less: Interest	(580)
Present value of lease liabilities	$ 4,774	$ 5,300
Operating Lease, Liability, Statement of Financial Position	Accrued expenses and other liabilities	Accrued expenses and other liabilities

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance, beginning of period	$ 261,430	$ 239,227
Period change	630	523
Balance, end of period	295,583	261,430
AOCI Attributable to Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance, beginning of period	(2,737)	(3,260)
Other comprehensive income (loss) before reclassifications	(41)	(215)
Less amounts reclassified from accumulated other comprehensive loss	(671)	(738)
Period change	630	523
Balance, end of period	(2,107)	(2,737)
AOCI, Gain (Loss), Debt Securities, Available-for-Sale, with Allowance for Credit Loss, Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance, beginning of period	(3,408)	(4,381)
Other comprehensive income (loss) before reclassifications	755	870
Less amounts reclassified from accumulated other comprehensive loss		(103)
Period change	755	973
Balance, end of period	(2,653)	(3,408)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Balance, beginning of period	671	1,121
Other comprehensive income (loss) before reclassifications	(796)	(1,085)
Less amounts reclassified from accumulated other comprehensive loss	(671)	(635)
Period change	(125)	(450)
Balance, end of period	$ 546	$ 671

Shareholders' Equity (Details)

Shareholders' Equity (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Aug. 01, 2024
Publicly announced share repurchase program
Equity, Class of Treasury Stock [Line Items]
Total number of shares repurchased		656
Weighted Average Price Paid per Share		$ 23.69
Shares available for repurchase	685	414
Publicly announced share repurchase program august 2024
Equity, Class of Treasury Stock [Line Items]
Share repurchase authorized to be repurchased (in shares)			500
Maximum percentage of outstanding common stock authorized for repurchase			5%
Publicly announced share repurchase program prior plan
Equity, Class of Treasury Stock [Line Items]
Share repurchase authorized to be repurchased (in shares)	500
Total number of shares repurchased	229
Weighted Average Price Paid per Share	$ 27.05

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Income Taxes
Unrealized gain (loss) related to securities available for sale	$ (2.7)	$ (3.4)
Unrealized gain (loss) related to interest rate swap	$ 0.5	$ 0.7

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Taxes
Federal - current provision									$ 12,236	$ 10,625
Federal - deferred benefit									(1,401)	(285)
Total federal provision									10,835	10,340
State - current provision									2,451	2,750
State - deferred (benefit) provision									(346)	198
Total state provision									2,105	2,948
Provision for income taxes	$ 2,984	$ 3,662	$ 3,096	$ 3,198	$ 3,278	$ 3,097	$ 3,409	$ 3,504	$ 12,940	$ 13,288

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Taxes
Federal income tax provision at statutory rate of 21%									$ 11,422	$ 11,129
Stock option and restricted stock									(536)	(52)
Bank owned life insurance									(114)	(179)
Tax-exempt income									(15)	(3)
Meals and entertainment									48	64
Captive insurance premium										(244)
Non-deductible compensation									250
State income taxes, net of federal benefit									1,663	2,329
Other									222	244
Provision for income taxes	$ 2,984	$ 3,662	$ 3,096	$ 3,198	$ 3,278	$ 3,097	$ 3,409	$ 3,504	$ 12,940	$ 13,288
Effective tax rate									23.80%	25.10%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Allowance for credit losses	$ 7,168	$ 6,940
SERP	1,788	1,669
Stock-based compensation	1,010	1,070
Deferred compensation	1,750	1,329
Depreciation	701	674
Deferred loan fees and costs, net	227
Net unrealized securities losses	1,755	1,759
Commitment reserve	171	172
Net other deferred tax assets	820	698
Gross deferred tax assets	15,390	14,311
Deferred tax liabilities:
Goodwill	413	418
Deferred servicing fees	40	74
REIT deferral	596	929
Bond accretion	32	49
Deferred loan fees and costs, net		35
Interest rate swaps	203	253
Gross deferred tax liabilities	1,284	1,758
Net deferred tax asset	$ 14,106	$ 12,553

Net Income per Share (Details)

Net Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net Income per Share
Net Income (Loss)	$ 11,505	$ 10,905	$ 9,454	$ 9,586	$ 9,770	$ 9,950	$ 9,700	$ 10,287	$ 41,450	$ 39,707
Weighted average common shares outstanding - Basic (in shares)									10,031	10,207
Plus: Potential dilutive common stock equivalents (in shares)									171	131
Weighted average common shares outstanding - Diluted (in shares)									10,202	10,338
Net income per common share - Basic (in dollars per share)	$ 1.15	$ 1.09	$ 0.94	$ 0.95	$ 0.97	$ 0.98	$ 0.96	$ 0.98	$ 4.13	$ 3.89
Net income per common share - Diluted (in dollars per share)	$ 1.13	$ 1.07	$ 0.92	$ 0.94	$ 0.96	$ 0.97	$ 0.95	$ 0.96	$ 4.06	$ 3.84

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations
Capital conservation buffer	0.025
Total risk-based capital (to risk-weighted assets), Amount, Actual	$ 332,700	$ 298,293
Total risk--based capital ratio	0.1562	0.1443
Total risk-based capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount	$ 170,364	$ 165,370
Total risk-based capital ratio, Required for capital adequacy purposes effective	0.08	0.08
Total risk-based capital (to risk-weighted assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 212,955	$ 206,712
Total risk-based capital ratio, To be well-capitalized under prompt corrective action regulations	0.10	0.10
Common equity tier 1 (to risk-weighted assets), Amount, Actual	$ 296,071	$ 262,454
CET1, Required for capital adequacy purposes effective	0.139	0.127
CEIT 1, Required for Capital Adequacy Purposes, Amount, Actual	$ 95,830	$ 93,020
CEIT 1, Required for Capital Adequacy Purposes, Ratio, Actual	0.045	0.045
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 138,421	$ 134,363
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.065	0.065
Assets	$ 306,071	$ 272,454
Tier I risk-based capital ratio	0.1437	0.1318
Tier 1 capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 127,773	$ 124,027
Tier I risk-based capital ratio, Required for capital adequacy purposes effective	0.06	0.06
Tier 1 capital (to risk-weighted assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 170,364	$ 165,370
Tier I risk-based capital ratio, To be well-capitalized under prompt corrective action regulations	0.08	0.08
Tier 1 capital (to average total assets), Amount, Actual	$ 306,071	$ 272,454
Leverage ratio	0.1222	0.1114
Tier 1 capital (to average total assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 100,150	$ 97,800
Leverage ratio, Required for capital adequacy purposes effective	0.04	0.04
Tier 1 capital (to average total assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 125,187	$ 122,250
Leverage ratio, To be well-capitalized under prompt corrective action regulations	0.05	0.05
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	0.07
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	$ 324,763	$ 287,206
Total risk--based capital ratio	0.1537	0.1402
Total risk-based capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount	$ 169,013	$ 163,911
Total risk-based capital ratio, Required for capital adequacy purposes effective	0.08	0.08
Total risk-based capital (to risk-weighted assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 211,266	$ 204,889
Total risk-based capital ratio, To be well-capitalized under prompt corrective action regulations	0.10	0.10
Common equity tier 1 (to risk-weighted assets), Amount, Actual	$ 298,342	$ 261,584
CET1, Required for capital adequacy purposes effective	0.1412	0.1276
CEIT 1, Required for Capital Adequacy Purposes, Amount, Actual	$ 95,070	$ 92,200
CEIT 1, Required for Capital Adequacy Purposes, Ratio, Actual	0.045	0.045
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 137,323	$ 133,178
CEIT 1, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.065	0.065
Assets	$ 298,342	$ 261,584
Tier I risk-based capital ratio	0.1412	0.1276
Tier 1 capital (to risk-weighted assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 126,760	$ 122,934
Tier I risk-based capital ratio, Required for capital adequacy purposes effective	0.06	0.06
Tier 1 capital (to risk-weighted assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 169,013	$ 163,911
Tier I risk-based capital ratio, To be well-capitalized under prompt corrective action regulations	0.08	0.08
Tier 1 capital (to average total assets), Amount, Actual	$ 298,342	$ 261,584
Leverage ratio	0.1195	0.1074
Tier 1 capital (to average total assets), Required for Capital Adequacy Purposes, Amount, Actual	$ 99,844	$ 97,355
Leverage ratio, Required for capital adequacy purposes effective	0.04	0.04
Tier 1 capital (to average total assets), To be Well Capitalized Under Prompt Corrective Action Regulations, Amount	$ 124,806	$ 121,693
Leverage ratio, To be well-capitalized under prompt corrective action regulations	0.05	0.05
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	0.07
Tier I risk-based capital ratio, Required for capital adequacy purposes effective	0.085

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	May 05, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)	0	0
Defined contribution plan, maximum annual contributions per employee, percent	75%
Total deferred balances	$ 6,400	$ 4,800
Defined contribution plan employer discretionary contribution amount	900	800
Contributions	0	0
Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Deferred compensation	1,000	1,000
Interest paid on deferred fees	500	400
Deferred compensation arrangement with individual, distributions paid	$ 14	$ 724
Supplemental Employee Retirement Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Description of defined contribution pension and other postretirement plans	The retirement benefit under the SERP is an amount equal to sixty percent (60%) of the average of the President and CEO’s base salary for the thirty-six (36) months immediately preceding the executive’s separation from service after age 66, adjusted annually thereafter by a percentage equal to the Consumer Price Index as reported by the U.S. Bureau of Labor Statistics for All Urban Consumers (CPI-U).
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	$ 3,300
Compensation cost recognition weighted average period	2 years 4 months 24 days
2023 Equity Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in shares)	402,574
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	24,537

Employee Benefit Plans - Stock

Employee Benefit Plans - Stock Transactions - Stock Option Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Shares
Options Outstanding, beginning shares (in shares)	471,132	559,499
Options granted (in shares)	0	0
Options exercised (in shares)	(130,733)	(87,701)
Options forfeited, shares	0	(666)
Options expired, shares	0	0
Options Outstanding, ending shares (in shares)	340,399	471,132	559,499
Shares Exercisable	340,399
Weighted average exercise price
Weighted Average exercise Price: Options Outstanding, beginning (in usd per share)	$ 17.92	$ 18.09
Weighted Average Exercise Price: Options exercised (in usd per share)	14.81	19.03
Weighted Average Exercise Price: Options forfeited (in usd per share)		18.64
Weighted Average exercise Price: Options Outstanding, ending (in usd per share)	19.11	$ 17.92	$ 18.09
Weighted average exercise price, Options Exercisable (in dollars per share)	$ 19.11
Weighted Average Remaining Contractual Life (in years): Options Outstanding	4 years 4 months 24 days	4 years 10 months 24 days	5 years 10 months 24 days
Weighted Average Remaining Contractual Life (in years): Options Exercisable	4 years 4 months 24 days
Aggregate Intrinsic Value: Options Outstanding	$ 8,340,435	$ 5,500,080	$ 5,168,740
Aggregate Intrinsic Value: Options Exercisable	$ 8,340,435

Employee Benefit Plans - Fair V

Employee Benefit Plans - Fair Value Assumptions (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)	0	0

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Information About Options Exercised (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Employee Benefit Plans
Number of options exercised	130,733	87,701
Total intrinsic value of options exercised	$ 2,639,413	$ 607,936
Cash received from options exercised	1,936,351	1,669,237
Tax deduction realized from options	$ 741,939	$ 182,898

Employee Benefit Plans - Stoc_2

Employee Benefit Plans - Stock Transactions - Stock Options Outstanding and Exercisable (Details)	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Options outstanding (in shares) | shares	340,399
Options outstanding, Weighted average remaining contractual life (in years)	4 years 4 months 24 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 19.11
Options exercisable (in shares) | shares	340,399
Options exercisable, Weighted average exercise price (in dollars per share)	$ 19.11
$8.31 - $11.87
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	8.94
Range of exercise prices, upper	$ 12.34
Options outstanding (in shares) | shares	23,000
Options outstanding, Weighted average remaining contractual life (in years)	1 year 1 month 6 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 10
Options exercisable (in shares) | shares	23,000
Options exercisable, Weighted average exercise price (in dollars per share)	$ 10
$11.88 - $15.44
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	12.35
Range of exercise prices, upper	$ 15.75
Options outstanding (in shares) | shares	7,333
Options outstanding, Weighted average remaining contractual life (in years)	2 years
Options outstanding, Weighted average exercise price (in dollars per share)	$ 15.7
Options exercisable (in shares) | shares	7,333
Options exercisable, Weighted average exercise price (in dollars per share)	$ 15.7
$15.45 - $19.01
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	15.76
Range of exercise prices, upper	$ 19.16
Options outstanding (in shares) | shares	118,666
Options outstanding, Weighted average remaining contractual life (in years)	4 years 10 months 24 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 17.71
Options exercisable (in shares) | shares	118,666
Options exercisable, Weighted average exercise price (in dollars per share)	$ 17.71
$19.02 - $22.57
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, lower	19.17
Range of exercise prices, upper	$ 22.57
Options outstanding (in shares) | shares	191,400
Options outstanding, Weighted average remaining contractual life (in years)	4 years 7 months 6 days
Options outstanding, Weighted average exercise price (in dollars per share)	$ 21.2
Options exercisable (in shares) | shares	191,400
Options exercisable, Weighted average exercise price (in dollars per share)	$ 21.2

Employee Benefit Plans - Compen

Employee Benefit Plans - Compensation Expense Related to Stock Options (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 33	$ 312
Income tax benefit	9	90
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	1,790	1,439
Income tax benefit	$ 501	$ 416

Employee Benefit Plans - Restri

Employee Benefit Plans - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Shares
Nonvested restricted stock, beginning balance (in shares)	164,634
Granted (in shares)	77,950	58,500
Cancelled (in shares)	(9,287)
Vested (in shares)	(58,049)
Nonvested restricted stock, ending balance (in shares)	175,248	164,634
Average grant date fair value
Nonvested restricted stock, beginning balance (in dollars per share)	$ 24.46
Granted (in dollars per share)	28.84	$ 22.93
Cancelled (in dollars per share)	27.02
Vested (in dollars per share)	23.87
Nonvested restricted stock, ending balance (in dollars per share)	$ 26.47	$ 24.46

Employee Benefit Plans - Stoc_3

Employee Benefit Plans - Stock Transactions - Restricted Stock Awards (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares granted (in shares)	77,950	58,500
Average grant date fair value (in usd per share)	$ 28.84	$ 22.93

Employee Benefit Plans - SERP N

Employee Benefit Plans - SERP Narrative (Details) - President and CEO - Supplemental Employee Retirement Plan [Member] $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) installment
Defined Benefit Plan Disclosure
Percent of average executive base salary	60%
Payment term after separation	36 months
Number of annual payments after separation | installment	15
Total estimated future payments | $	$ 8.8
Assumptions used calculating benefit obligation, discount rate	4%

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Components of Net Periodic Pension Cost of Defined Benefit Plan Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Employee Benefit Plans
Service cost	$ 797	$ 224
Interest cost	$ 241	$ 203
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Labor and Related Expense	Labor and Related Expense
Net periodic benefit cost	$ 1,038	$ 427

Employee Benefit Plans - Summ_2

Employee Benefit Plans - Summary of Changes in Benefit Obligations of Defined Benefit Plan Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Employee Benefit Plans
Benefit obligation, beginning of year	$ 5,284	$ 4,857
Service cost	797	224
Interest cost	241	203
Benefit obligation, end of year	$ 6,322	$ 5,284

Employee Benefit Plans - Execut

Employee Benefit Plans - Executive Incentive Retirement Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Executive Officer [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits
Deferred compensation arrangement, option to elect to defer fees and bonuses, percentage	100%
Director [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits
Deferred compensation arrangement, option to elect to defer fees and bonuses, percentage	100%
Other Postretirement Benefits Plan [Member] | Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits
Deferred compensation arrangement, option to elect to defer fees and bonuses, percentage	7.50%
Award vesting rights, percentage	100%
Accrued employee benefits	$ 124	$ 132
Life insurance plan with a post retirement death benefit	$ 250
Other Postretirement Benefits Plan [Member] | Executive Officer [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits
Deferred compensation arrangement, option to elect to defer fees and bonuses, percentage	15%

Fair Value - Fair Value on Recu

Fair Value - Fair Value on Recurring Basis - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value
Available for sale securities at fair value	$ 93,884	$ 91,765
Equity securities with readily determinable fair values	9,850	7,802
Allowance for individually evaluated loans	$ 971	$ 995

Fair Value - Available for Sale

Fair Value - Available for Sale Debt Securities (Details) - Corporate and Other Securities - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair value on a recurring basis
Balance at beginning of period	$ 7,979	$ 4,675
Unrealized holding gains (losses) included in other comprehensive income	263	(413)
Prinicpal Payments	(213)
Transfers into Level 3		3,717
Unrealized holding losses included in net income	(1,541)
Balance at end of period	$ 6,488	$ 7,979

Fair Value - Assets Measured at

Fair Value - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	$ 93,884	$ 91,765
Equity securities with readily determinable fair values	9,850	7,802
US Government-sponsored Enterprises Debt Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	14,759	16,033
US States and Political Subdivisions Debt Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	333	360
Residential Mortgage-Backed Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	12,286	14,077
Asset backed securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	39,392	35,403
Corporate Debt Securities and Other Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	27,114	25,892
Recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	93,884	91,765
Equity securities with readily determinable fair values	9,850	7,802
Swap agreements	742	918
Liabilities measured at fair value	0	0
Recurring | US Government-sponsored Enterprises Debt Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	14,759	16,033
Recurring | US States and Political Subdivisions Debt Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	333	360
Recurring | Residential Mortgage-Backed Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	12,286	14,077
Recurring | Asset backed securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	39,392	35,403
Recurring | Corporate Debt Securities and Other Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	27,114	25,892
Recurring | Interest rate swap agreements
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Swap agreements	742	918
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Equity securities with readily determinable fair values	9,850	7,802
Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	87,396	83,786
Swap agreements	742	918
Recurring | Significant Other Observable Inputs (Level 2) | US Government-sponsored Enterprises Debt Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	14,759	16,033
Recurring | Significant Other Observable Inputs (Level 2) | US States and Political Subdivisions Debt Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	333	360
Recurring | Significant Other Observable Inputs (Level 2) | Residential Mortgage-Backed Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	12,286	14,077
Recurring | Significant Other Observable Inputs (Level 2) | Asset backed securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	39,392	35,403
Recurring | Significant Other Observable Inputs (Level 2) | Corporate Debt Securities and Other Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	20,626	17,913
Recurring | Significant Other Observable Inputs (Level 2) | Interest rate swap agreements
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Swap agreements	742	918
Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	6,488	7,979
Recurring | Significant Unobservable Inputs (Level 3) | Corporate Debt Securities and Other Securities
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Debt securities available-for-sale	$ 6,488	$ 7,979

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Subject to Fair Value Adjustments on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Collateral-dependent loans	$ 6,520	$ 4,755
Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Collateral-dependent loans	$ 6,520	$ 4,755

Fair Value - Fair Value on a No

Fair Value - Fair Value on a Nonrecurring Basis Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value
Valuation allowance	$ 971	$ 995

Fair Value - Carrying Amount an

Fair Value - Carrying Amount and Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financial assets:
Debt securities held to maturity	$ 33,814
Level 2
Financial assets:
Debt securities held to maturity	33,814	$ 29,656
SBA loans held for sale	12,896	19,175
Loans, net of allowance for credit losses	2,152,080	2,027,084
Financial liabilities:
Deposits	2,095,365	1,915,022
Borrowed funds and subordinated debentures	230,576	365,879
Level 3
Financial assets:
Loans, net of allowance for credit losses	6,520	4,755
Carrying amount
Financial assets:
Debt securities held to maturity	41,294	36,122
SBA loans held for sale	12,163	18,242
Loans, net of allowance for credit losses	2,221,707	2,127,967
Financial liabilities:
Deposits	2,100,313	1,924,140
Borrowed funds and subordinated debentures	$ 230,814	$ 366,748

Condensed Financial Statement_3

Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only) - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 180,438	$ 194,776
Debt securities available-for-sale	93,884	91,765
Equity securities with readily determinable fair values	9,850	7,802
Premises and equipment, net	18,778	19,567
Total assets	2,654,017	2,578,507
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debentures	10,310	10,310
Shareholders' equity	295,583	261,430
Total liabilities and shareholders' equity	2,654,017	2,578,507
Parent Company [Member] | Reportable Legal Entities [Member]
ASSETS
Cash and cash equivalents	350	1,410
Debt securities available-for-sale		1,478
Equity securities with readily determinable fair values	3,732	3,559
Investment in subsidiaries	297,853	260,879
Premises and equipment, net	3,506	3,480
Other assets	482	1,303
Total assets	305,923	272,109
LIABILITIES AND SHAREHOLDERS' EQUITY
Other liabilities	30	369
Subordinated debentures	10,310	10,310
Shareholders' equity	295,583	261,430
Total liabilities and shareholders' equity	$ 305,923	$ 272,109

Condensed Financial Statement_4

Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only) - Condensed Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Condensed Financial Statements, Captions [Line Items]
Dividend from Bank	$ 40,264	$ 39,550	$ 37,987	$ 37,937	$ 37,758	$ 36,990	$ 35,392	$ 33,354	$ 155,738	$ 143,494
Gain on sales of securities									586	7
Other income									1,635	1,513
Total noninterest income	1,916	2,803	2,032	1,718	2,568	2,043	2,115	1,416	8,469	8,142
Interest expenses	13,774	14,694	14,563	14,096	13,727	13,457	11,870	9,443	57,127	48,497
Other expenses									2,707	2,585
Net Income (Loss)	$ 11,505	$ 10,905	$ 9,454	$ 9,586	$ 9,770	$ 9,950	$ 9,700	$ 10,287	41,450	39,707
Parent Company [Member] | Reportable Legal Entities [Member]
Condensed Financial Statements, Captions [Line Items]
Dividend from Bank									6,196	15,188
Dividend from Nonbank subsidiary										1,235
Gain on sales of securities									54	345
Market value appreciation on equity securities									575
Other income									793	760
Total noninterest income									7,618	17,528
Interest expenses									718	695
Market value depreciation on equity securities										444
Other expenses									170	265
Total expenses									888	1,404
Income before provision for income taxes and equity in undistributed net income of subsidiary									6,730	16,124
Income tax expense (benefit)									121	(114)
Income before equity in undistributed net income of subsidiary									6,609	16,238
Equity in undistributed net income of subsidiaries									34,841	23,469
Net Income (Loss)									$ 41,450	$ 39,707

Condensed Financial Statement_5

Condensed Financial Statements of Unity Bancorp, Inc. (Parent Company Only) - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
OPERATING ACTIVITIES:
Net Income (Loss)	$ 11,505	$ 10,905	$ 9,454	$ 9,586	$ 9,770	$ 9,950	$ 9,700	$ 10,287	$ 41,450	$ 39,707
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of securities									(586)	(7)
Net accretion of purchase premiums and discounts on securities									(256)	(264)
Net cash provided by operating activities									47,987	46,909
INVESTING ACTIVITIES:
Purchases of securities									(2,247)	(126)
Maturities and principal payments on debt securities available for sale									7,824	4,286
Purchases of premises and equipment, net									(693)	(955)
Net cash used in investing activities									(92,813)	(57,847)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options, net of withheld taxes									1,480	1,284
Purchase of treasury stock									(6,210)	(15,692)
Cash dividends on common stock									(5,021)	(4,721)
Net cash provided by financing activities									30,488	90,921
Increase (decrease) in cash and cash equivalents									(14,338)	79,983
Cash and cash equivalents, beginning of period				194,776				114,793	194,776	114,793
Cash and cash equivalents, end of period	180,438				194,776				180,438	194,776
Parent Company [Member] | Reportable Legal Entities [Member]
OPERATING ACTIVITIES:
Net Income (Loss)									41,450	39,707
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries									(34,841)	(23,469)
Gain on sales of securities									(54)	(345)
Net accretion of purchase premiums and discounts on securities									(17)
Net change in other assets and other liabilities									280	349
Net cash provided by operating activities									6,818	16,242
INVESTING ACTIVITIES:
Purchases of securities									(247)	(126)
Proceeds from business divestitures										2,034
Maturities and principal payments on debt securities available for sale									1,495
Purchases of premises and equipment, net									(160)
Proceeds from sales of securities									785	2,166
Net cash used in investing activities									1,873	4,074
FINANCING ACTIVITIES:
Proceeds from exercise of stock options, net of withheld taxes									1,480	1,284
Repayment of advances from subsidiaries										(2,002)
Purchase of treasury stock									(6,210)	(15,692)
Cash dividends on common stock									(5,021)	(4,721)
Net cash provided by financing activities									(9,751)	(21,131)
Increase (decrease) in cash and cash equivalents									(1,060)	(815)
Cash and cash equivalents, beginning of period				$ 1,410				$ 2,225	1,410	2,225
Cash and cash equivalents, end of period	$ 350				$ 1,410				350	1,410
SUPPLEMENTAL DISCLOSURES
Interest paid									$ 722	$ 786

Quarterly Financial Informati_2

Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Quarterly Financial Information (Unaudited)
Total interest income	$ 40,264	$ 39,550	$ 37,987	$ 37,937	$ 37,758	$ 36,990	$ 35,392	$ 33,354	$ 155,738	$ 143,494
Total interest expense	13,774	14,694	14,563	14,096	13,727	13,457	11,870	9,443	57,127	48,497
Net interest income	26,490	24,856	23,424	23,841	24,031	23,533	23,522	23,911	98,611	94,997
Provision for credit losses, loans	1,300	1,080	926	643	1,811	556	693	108
Net interest income after provision for credit losses	25,190	23,776	22,498	23,198	22,220	22,977	22,829	23,803	94,662	91,829
Total noninterest income	1,916	2,803	2,032	1,718	2,568	2,043	2,115	1,416	8,469	8,142
Total noninterest expense	12,617	12,012	11,980	12,132	11,740	11,973	11,835	11,428	48,741	46,976
Income before provision for income taxes	14,489	14,567	12,550	12,784	13,048	13,047	13,109	13,791	54,390	52,995
Provision for income taxes	2,984	3,662	3,096	3,198	3,278	3,097	3,409	3,504	12,940	13,288
Net Income (Loss)	$ 11,505	$ 10,905	$ 9,454	$ 9,586	$ 9,770	$ 9,950	$ 9,700	$ 10,287	$ 41,450	$ 39,707
Net income per common share - Basic	$ 1.15	$ 1.09	$ 0.94	$ 0.95	$ 0.97	$ 0.98	$ 0.96	$ 0.98	$ 4.13	$ 3.89
Net income per common share - Diluted	$ 1.13	$ 1.07	$ 0.92	$ 0.94	$ 0.96	$ 0.97	$ 0.95	$ 0.96	$ 4.06	$ 3.84