CB Financial Services (CBFV) 10-Q10 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2024	May 09, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-36706
Entity Registrant Name	CB FINANCIAL SERVICES, INC.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	51-0534721
Entity Address, Address Line One	100 N. Market Street
Entity Address, City or Town	Carmichaels
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15320
City Area Code	724
Local Phone Number	966-5041
Title of 12(b) Security	Common stock, par value $0.4167 per share
Trading Symbol	CBFV
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,142,251
Entity Central Index Key	0001605301
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and Due From Banks:
Interest-Earning	$ 67,006	$ 62,442
Noninterest-Earning	6,685	5,781
Total Cash and Due From Banks	73,691	68,223
Securities:
Available-for-Sale Debt Securities, at Fair Value	229,854	204,507
Equity Securities, at Fair Value	2,422	2,588
Total Securities	232,276	207,095
Loans Held for Sale	200	0
Loans, Net of Allowance for Credit Losses of $9,582 and $9,707 at March 31, 2024 and December 31, 2023, Respectively	1,086,761	1,100,689
Premises and Equipment, Net	19,548	19,704
Bank-Owned Life Insurance	23,763	25,378
Goodwill	9,732	9,732
Intangible Assets, Net	617	958
Accrued Interest Receivable and Other Assets	26,501	24,312
TOTAL ASSETS	1,473,089	1,456,091
Deposits:
Noninterest-Bearing Demand Accounts	275,182	277,747
Interest-Bearing Demand Accounts	323,134	362,994
Money Market Accounts	208,375	201,074
Savings Accounts	190,206	194,703
Time Deposits	265,597	230,641
Total Deposits	1,262,494	1,267,159
Other Borrowings	34,688	34,678
Accrued Interest Payable and Other Liabilities	34,317	14,420
TOTAL LIABILITIES	1,331,499	1,316,257
STOCKHOLDERS' EQUITY
Preferred Stock, No Par Value; 5,000,000 Shares Authorized	0	0
Common Stock, $0.4167 Par Value; 35,000,000 Shares Authorized, 5,783,788 Shares Issued and 5,142,901 Shares Outstanding at March 31, 2024, with 5,759,378 and 5,118,713 Shares Issued and Outstanding at December 31, 2023.	2,411	2,400
Capital Surplus	85,501	85,334
Retained Earnings	86,308	83,392
Treasury Stock, at Cost (640,887 and 640,665 Shares at March 31, 2024 and December 31, 2023, Respectively)	(14,550)	(14,545)
Accumulated Other Comprehensive Loss	(18,080)	(16,747)
TOTAL STOCKHOLDERS' EQUITY	141,590	139,834
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,473,089	$ 1,456,091

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for Credit Losses	$ 9,582	$ 9,707
Preferred Stock, Shares Authorized (in shares)	5,000,000	5,000,000
Common Stock, Par Value (in dollars per share)	$ 0.4167	$ 0.4167
Common Stock, Shares Authorized (in shares)	35,000,000	35,000,000
Common Stock, Shares Issued (in shares)	5,783,788	5,759,378
Common Stock, Shares Outstanding (in shares)	5,142,901	5,118,713
Treasury Stock, at Cost (in shares)	640,887	640,665

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST AND DIVIDEND INCOME
Loans, Including Fees	$ 14,838	$ 12,371
Investment Securities:
Taxable	2,303	964
Tax-Exempt	0	41
Dividends	27	24
Other Interest and Dividend Income	818	844
TOTAL INTEREST AND DIVIDEND INCOME	17,986	14,244
INTEREST EXPENSE
Deposits	5,991	2,504
Short-Term Borrowings	0	2
Other Borrowings	404	155
TOTAL INTEREST EXPENSE	6,395	2,661
NET INTEREST AND DIVIDEND INCOME	11,591	11,583
Provision for Credit Losses		80
NET INTEREST AND DIVIDEND INCOME AFTER NET (RECOVERY) PROVISION FOR CREDIT LOSSES	11,628	11,503
NONINTEREST INCOME
Net Gain on Sales of Loans	22	2
Net Loss on Securities	(166)	(232)
Net Gain on Purchased Tax Credits	12	7
Net Gain on Disposal of Premises and Equipment	274	11
Income from Bank-Owned Life Insurance	148	140
Net Gain on Bank-Owned Life Insurance Claims	915	302
Other Income	232	69
TOTAL NONINTEREST INCOME	1,916	2,810
NONINTEREST EXPENSE
Salaries and Employee Benefits	4,576	5,079
Occupancy	749	701
Equipment	264	218
Data Processing	692	857
Federal Deposit Insurance Corporation Assessment	129	152
Pennsylvania Shares Tax	297	260
Contracted Services	281	147
Legal and Professional Fees	212	182
Advertising	129	79
Other Real Estate Owned (Income)	(23)	(37)
Amortization of Intangible Assets	341	445
Other Expense	781	945
TOTAL NONINTEREST EXPENSE	8,428	9,028
Income Before Income Tax Expense	5,116	5,285
Income Tax Expense	920	1,129
NET INCOME	$ 4,196	$ 4,156
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.82	$ 0.81
Diluted (in dollars per share)	$ 0.82	$ 0.81
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	5,129,903	5,109,597
Diluted (in shares)	5,142,286	5,115,705
Loans
INTEREST EXPENSE
Provision for Credit Losses	$ (143)	$ 80
Unfunded Commitments
INTEREST EXPENSE
Provision for Credit Losses	106	0
Service Fees
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	415	445
Insurance Commissions
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	2	1,922
Other Commissions
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	$ 62	$ 144

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 4,196	$ 4,156
Other Comprehensive (Loss) Income:
Change in Unrealized (Loss) Gain on Investment Securities Available-for-Sale	(1,628)	2,580
Income Tax Effect	295	(557)
Other Comprehensive (Loss) Income, Net of Income Tax Effect	(1,333)	2,023
Total Comprehensive Income	$ 2,863	$ 6,179

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Capital Surplus	Capital Surplus Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Treasury Stock	Treasury Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2022				5,708,433	5,708,433
Beginning balance at Dec. 31, 2022	$ 110,155	$ 2,092	$ 112,247	$ 2,379	$ 2,379	$ 83,953	$ 83,953	$ 63,861	$ 2,092	$ 65,953	$ (13,797)	$ (13,797)	$ (26,241)	$ (26,241)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	4,156							4,156
Other Comprehensive (Loss) Income	2,023												2,023
Restricted Stock Awards Granted (in shares)				22,475
Restricted Stock Awards Granted	0			$ 9		(9)
Stock-Based Compensation Expense	174					174
Treasury stock purchased, at cost	(130)										(130)
Dividends Paid	(1,275)							(1,275)
Ending balance (in shares) at Mar. 31, 2023				5,730,908
Ending balance at Mar. 31, 2023	117,195			$ 2,388		84,118		68,834			(13,927)		(24,218)
Beginning balance (in shares) at Dec. 31, 2023				5,759,378
Beginning balance at Dec. 31, 2023	139,834			$ 2,400		85,334		83,392			(14,545)		(16,747)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	4,196							4,196
Other Comprehensive (Loss) Income	(1,333)												(1,333)
Restricted Stock Awards Granted (in shares)				25,410
Restricted Stock Awards Granted	0			$ 11		(11)
Restricted Stock Awards Forfeited (in shares)				(1,000)
Stock-Based Compensation Expense	178					178
Treasury stock purchased, at cost	(5)										(5)
Dividends Paid	(1,280)							(1,280)
Ending balance (in shares) at Mar. 31, 2024				5,783,788
Ending balance at Mar. 31, 2024	$ 141,590			$ 2,411		$ 85,501		$ 86,308			$ (14,550)		$ (18,080)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Purchase of common stock (in shares)	222	5,834
Dividends paid, per share (in dollars per share)	$ 0.25	$ 0.25

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING ACTIVITIES
Net Income	$ 4,196	$ 4,156
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities
Net (Accretion) Amortization on Securities	(212)	22
Depreciation and Amortization	718	710
Provision for Credit Losses		80
Loss on Securities	166	232
Gain on Purchased Tax Credits	(12)	(7)
Income from Bank-Owned Life Insurance	(148)	(140)
Gain on Bank-Owned Life Insurance Death Benefit Claims	(915)	0
Proceeds From Mortgage Loans Sold	994	140
Originations of Mortgage Loans for Sale	(972)	(138)
Gain on Sale of Loans	(22)	(2)
Gain on Sale of Other Real Estate Owned and Repossessed Assets	(7)	0
Noncash Expense for Stock-Based Compensation	178	174
Increase in Accrued Interest Receivable	(162)	(33)
Gain on Disposal of Premises and Equipment	(274)	(11)
Decrease in Deferred Income Tax	(300)	0
Increase in Taxes Payable	925	1,129
Increase in Accrued Interest Payable	399	109
Other, Net	(1,255)	810
NET CASH PROVIDED BY OPERATING ACTIVITIES	3,260	7,231
Investment Securities Available for Sale:
Proceeds From Principal Repayments and Maturities	3,082	3,359
Purchases of Securities	(19,770)	0
Net Decrease (Increase) in Loans	24,482	(15,865)
Purchase of Premises and Equipment	(970)	(204)
Proceeds from Disposal of Premises and Equipment	988	36
Proceeds From a Claim on Bank-Owned Life Insurance	0	1,392
Proceeds From Sale of Other Real Estate Owned	169	0
Decrease in Restricted Equity Securities	177	223
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	8,158	(11,059)
FINANCING ACTIVITIES
Net (Decrease) Increase in Deposits	(4,665)	13,017
Net Decrease in Short-Term Borrowings	0	(7,939)
Cash Dividends Paid	(1,280)	(1,275)
Treasury Stock, Purchases at Cost	(5)	(130)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(5,950)	3,673
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	5,468	(155)
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR	68,223	103,700
CASH AND DUE FROM BANKS AT END OF PERIOD	73,691	103,545
Cash Paid For:
Interest on Deposits and Borrowings (Including Interest Credited to Deposits of $5,736 and $2,540, Respectively)	5,995	2,522
Income Taxes	32	0
SUPPLEMENTAL NONCASH DISCLOSURE:
Proceeds Receivable from Claims on Bank-Owned Life Insurance	2,679	1,392
Other Real Estate Acquired in Settlement of Loans	0	248
Securities Purchased Not Settled	10,075	0
Syndicated Loans Purchased and Sold Not Settled, net	10,550	8,943
Right of Use Asset Recognized	1,042	77
Lease Liability Recognized	1,042	75
Loans
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities
Provision for Credit Losses	(143)	80
Unfunded Commitments
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities
Provision for Credit Losses	$ 106	$ 0

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Cash Flows [Abstract]
Interest credit to deposit accounts	$ 5,736	$ 2,540

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters”). CB Financial, the Bank and Exchange Underwriters are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with general practice within the banking industry. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading in any material respect. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statements of Financial Condition and income and expenses for the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for credit losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, impairment evaluations of securities, goodwill and intangible assets impairment, and the valuation of deferred tax assets. In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Interim results are not necessarily indicative of results for a full year. Nature of Operations The Company derives substantially all its income from banking and bank-related services which include interest income on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest and dividend income on securities, insurance commissions, and fees generated from deposit services to its customers. The Company provides banking services through its subsidiary, Community Bank, a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank is a community-oriented institution offering residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. The Bank operates 10 offices in Greene, Allegheny, Washington, Fayette and Westmoreland Counties in southwestern Pennsylvania, and three offices in Marshall and Ohio Counties in West Virginia. On December 1, 2023, the Company announced that the Bank and EU entered into an Asset Purchase Agreement with World Insurance Associates, LLC ("World") pursuant to which EU sold substantially all of its assets to World for a purchase price of $30.5 million cash plus possible additional earn-out payments. The sale of assets was completed December 8, 2023, and resulted in a pre-tax gain of $24.6 million. This transaction did not meet the criteria for discontinued operations reporting. Critical Accounting Policies; Use of Critical Accounting Estimates The disclosures below supplement the accounting policies previously disclosed in Note 1 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC. Allowance for Credit Losses (ACL) On January 1, 2023, the Company adopted ASU 2016-13, which replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss methodology. The Company adopted ASU 2016-13 using a modified retrospective approach. Results for reporting periods beginning after January 1, 2023 are presented under Topic 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. The adoption resulted in a decrease of $3.4 million to the Company’s ACL related to loans receivable (ACL - Loans) and an increase of $718,000 in ACL for unfunded commitments (ACL - Unfunded Commitments). The net impact resulted in a $2.1 million increase to retained earnings, net of deferred taxes. The ACL 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 ACL. The ACL is reported separately as a contra-asset on the Consolidated Statement of Financial Condition. The expected credit loss for unfunded loan commitments is reported on the Consolidated Statement of Financial Condition in other liabilities while the provision for credit losses related to unfunded commitments is reported in provision for credit losses - unfunded commitments in the Consolidated Statements of Income. ACL on Loans Receivable The ACL 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 evaluates the pooling methodology at least annually. Loans are charged off against the ACL 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 residential mortgage, commercial real estate mortgages, construction, commercial business, consumer and other. For most segments, the Company calculates estimated credit losses using a probability of default and loss given default methodology, the results of which are applied to the aggregated discounted cash flow of each individual loan within the segment. The point in time probability of default and loss given default are then conditioned by macroeconomic scenarios to incorporate reasonable and supportable forecasts that affect the collectability of the reported amount. The Company estimates the ACL 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, on a straight-line basis, to average historical losses. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a restructuring will be executed with an individual borrower or the renewal option is included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Also included in the ACL 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, the volume and severity of past due loans and non-accrual loans, and the effect of external factors such as competition, legal and regulatory requirements, among others. Furthermore, the Company considers the inherent uncertainty in quantitative models that are built upon historical data. Individually Evaluated 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 charge off the difference between the fair value of the collateral, less estimated costs to sell at the reporting date, and the amortized cost basis of the loan. ACL on Off-Balance Sheet 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 cancellable. 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 ACL on unfunded loan commitments is included in other liabilities on the Consolidated Statement of Financial Condition and the related credit expense is recorded in provision for credit losses - unfunded commitments in the Consolidated Statements of Income. ACL on Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For securities available-for-sale that do not meet the above criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating by a rating agency, and adverse conditions related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income (loss), net of tax. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. 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. Changes in the ACL are recorded as provision for, or reversal of, credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available for sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued Interest Receivable The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of loans and available for sale securities. Accrued interest receivable on loans is reported as a component of accrued interest receivable and other assets on the Consolidated Statement of Financial Condition, totaled $4.1 million at March 31, 2024 and $4.3 million at December 31, 2023 and is excluded from the estimate of credit losses. Accrued interest receivable on available of sale securities, also a component of accrued interest receivable and other assets on the Consolidated Statement of Financial Condition, totaled $1.1 million at March 31, 2024 and $947,000 at December 31, 2023 and is excluded from the estimate of credit losses. Recent Accounting Standards In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 that extends the period of time preparers can utilize the reference rate reform relief guidance. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, as amended. This ASU provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Inter-bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. The elective guidance in the ASU applies to modifications of contract terms that will directly replace, or have the potential to replace, an affected rate with another interest rate index, as well as certain contemporaneous modifications of other contract terms related to the replacement of an affected rate. The ASU notes that changes in contract terms that are made to effect the reference rate reform transition are considered related to the replacement of a reference rate if they are not the result of a business decision that is separate from or in addition to changes to the terms of a contract to effect that transition. The optional expedient allows companies to account for the modification as if it was not substantial (i.e., do not treat as an extinguishment of debt). To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. For all entities, the amendments in ASU 2022-06 are effective upon issuance. As of March 31, 2024, the Company does not have any instruments tied to the LIBOR reference rate. The adoption of this guidance is not expected to have a material effect on the Company's consolidated statements of financial condition and results of operations. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires that public entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. The ASU requires all entities to disclose on an annual basis (1) the amount of income taxes paid, disaggregated by federal, state and foreign taxes and (2) the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal or greater than five percent of total income taxes paid. The ASU also requires that all entities disclose (1) income (loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic or foreign and (2) income tax expense (or benefit) from continuing operations disaggregated by federal (national), state and foreign. This ASU is effective for public entities for annual period beginning after December 15, 2024. The Company does not expect the adoption of the ASU to have a material effect on the Company's consolidated statements of financial statements and results of operations.

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Pe r Share There are no convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, net income as presented on the Consolidated Statements of Income is used as the numerator. The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation: Three Months Ended 2024 2023 (Dollars in thousands, except share and per share data) Net Income $ 4,196 $ 4,156 Weighted-Average Basic Common Shares Outstanding 5,129,903 5,109,597 Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock) 12,383 6,108 Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding 5,142,286 5,115,705 Earnings Per Share: Basic $ 0.82 $ 0.81 Diluted 0.82 0.81 The dilutive effect on weighted average diluted common shares outstanding is the result of outstanding stock options and nonvested restricted stock. The following table presents for the periods indicated (a) options to purchase shares of common stock that were outstanding but not included in the computation of earnings per share because the options’ exercise price was greater than the average market price of the common shares for the period, and (b) shares of restricted stock awards that were not included in the computation of diluted earnings per share because the hypothetical repurchase of shares under the treasury stock method exceeded the weighted average nonvested restricted awards, therefore the effects would be anti-dilutive. Three Months Ended 2024 2023 Stock Options 315,566 224,076 Restricted Stock 30,385 49,527

Securities

Securities	3 Months Ended
Securities	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The following table presents the amortized cost and fair value of securities available-for-sale at the dates indicated: March 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Available-for-Sale Debt Securities: U.S. Government Agencies $ 4,996 $ — $ (1,102) $ 3,894 Obligations of States and Political Subdivisions 3,485 — (141) 3,344 Mortgage-Backed Securities - Government-Sponsored Enterprises 56,626 12 (3,322) 53,316 Collateralized Mortgage Obligations - Government-Sponsored Enterprises 118,532 — (16,592) 101,940 Collateralized Loan Obligations 59,708 2 (106) 59,604 Corporate Debt 9,482 — (1,726) 7,756 Total Available-for-Sale Debt Securities 252,829 14 (22,989) 229,854 Equity Securities: Mutual Funds 880 Other 1,542 Total Equity Securities 2,422 Total Securities $ 232,276 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Available-for-Sale Debt Securities: U.S. Government Agencies $ 4,995 $ — $ (1,046) $ 3,949 Obligations of States and Political Subdivisions 3,481 5 (113) 3,373 Mortgage-Backed Securities - Government-Sponsored Enterprises 57,377 141 (2,986) 54,532 Collateralized Mortgage Obligations - Government-Sponsored Enterprises 120,655 227 (15,752) 105,130 Collateralized Loan Obligations 29,862 — (58) 29,804 Corporate Debt 9,484 — (1,765) 7,719 Total Available-for-Sale Debt Securities 225,854 373 (21,720) 204,507 Equity Securities: Mutual Funds 888 Other 1,700 Total Equity Securities 2,588 Total Securities $ 207,095 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at the dates indicated: March 31, 2024 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses (Dollars in thousands) U.S. Government Agencies — $ — $ — 1 $ 3,894 $ (1,102) 1 $ 3,894 $ (1,102) Obligations of States and Political Subdivisions 1 545 (1) 6 2,799 (140) 7 3,344 (141) Mortgage Backed Securities- Government-Sponsored Enterprises 3 22,180 (163) 8 16,509 (3,159) 11 38,689 (3,322) Collateralized Mortgage Obligations - Government-Sponsored Enterprises 4 32,507 (364) 21 69,432 (16,228) 25 101,939 (16,592) Collateralized Loan Obligations 2 8,558 (106) — — — 2 8,558 (106) Corporate Debt — — — 3 7,756 (1,726) 3 7,756 (1,726) Total 10 $ 63,790 $ (634) 39 $ 100,390 $ (22,355) 49 $ 164,180 $ (22,989) December 31, 2023 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses (Dollars in thousands) U.S. Government Agencies — $ — $ — 1 $ 3,949 $ (1,046) 1 $ 3,949 $ (1,046) Obligations of States and Political Subdivisions — — — 6 2,823 (113) 6 2,823 (113) Mortgage Backed Securities- Government-Sponsored Enterprises — — — 8 17,135 (2,986) 8 17,135 (2,986) Collateralized Mortgage Obligations - Government-Sponsored Enterprises 1 5,603 (29) 21 71,796 (15,723) 22 77,399 (15,752) Collateralized Loan Obligations 1 2,910 (58) — — — 1 2,910 (58) Corporate Debt — — — 3 7,719 (1,765) 3 7,719 (1,765) Total 2 $ 8,513 $ (87) 39 $ 103,422 $ (21,633) 41 $ 111,935 $ (21,720) For debt securities, the Company does not believe that any individual unrealized loss as of March 31, 2024 or December 31, 2023, represents a credit related impairment. The Company performs a review of the entire securities portfolio on a quarterly basis to identify securities that may indicate a credit related impairment. The unrealized losses on securities at March 31, 2024 and December 31, 2023 relate principally to changes in market interest rates subsequent to the acquisition of the specific securities. The Company does not intend to sell, and it is more likely than not that it will be required to sell any of the securities in an unrealized loss position before recovery of its amortized cost or maturity of the security. Total securities available to be pledged have a fair value of $212.0 million at March 31, 2024 and $196.8 million at December 31, 2023 of which securities with a fair value of $165.8 million and $157.3 million at March 31, 2024 and December 31, 2023, respectively, were pledged to secure uninsured public deposits, borrowings or for other purposes as required or permitted by law. The scheduled maturities of securities available-for-sale are summarized as follows. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities, collateralized mortgage obligations and collateralized loan obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis. March 31, 2024 Amortized Cost Fair Value (Dollars in thousands) Due in One Year or Less $ — $ — Due after One Year through Five Years 842 816 Due after Five Years through Ten Years 48,074 45,956 Due after Ten Years 203,913 183,082 Total $ 252,829 $ 229,854 The following table presents the gain and loss on equity securities from both realized sales and unrealized market adjustments for the periods indicated. There was no realized gain or loss on sales of debt securities for the periods indicated. All gains and losses presented in the table below are reported in Net Loss on Securities on the Consolidated Statements of Income. Three Months Ended 2024 2023 (Dollars in thousands) Equity Securities Net Unrealized Loss Recognized on Securities Held $ (166) $ (232) Net Realized Gain Recognized on Securities Sold — — Net Loss on Equity Securities $ (166) $ (232) Net Loss on Securities $ (166) $ (232)

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
Loans and Allowance for Credit Losses	Mar. 31, 2024
Receivables [Abstract]
Loans and Allowance for Credit Losses	Loans and Allowance for Credit Losses The Company’s loan portfolio is segmented to enable management to monitor risk and performance. Real estate loans are further segregated into three classes. Residential mortgages include those secured by residential properties and include home equity loans, while commercial mortgages consist of loans to commercial borrowers secured by commercial real estate. Construction loans typically consist of loans to build commercial buildings and acquire and develop residential real estate. The commercial and industrial segment consists of loans to finance the activities of commercial customers. The consumer segment consists primarily of indirect auto loans as well as personal installment loans and personal or overdraft lines of credit. Residential mortgage loans are typically longer-term loans and, therefore, generally present greater interest rate risk than the consumer and commercial loans. Under certain economic conditions, housing values may decline, which may increase the risk that the collateral values are not sufficient. Commercial real estate loans generally present a higher level of credit risk than loans secured by residences. This greater risk is due to several factors, including the concentration of principal in a limited number of loans and borrowers, the effect of general economic conditions on income-producing properties, and the increased difficulty in evaluating and monitoring these types of loans. Furthermore, the repayment of commercial real estate loans is typically dependent upon the successful operation of the related real estate project. If the cash flow from the project is reduced (for example, if leases are not obtained or renewed, a bankruptcy court modifies a lease term, or a major tenant is unable to fulfill its lease obligations), the borrower’s ability to repay the loan may be impaired. Construction loans are originated to individuals to finance the construction of residential dwellings and are also originated for the construction of commercial properties, including hotels, apartment buildings, housing developments, and owner-occupied properties used for businesses. Construction loans generally provide for the payment of interest only during the construction phase, which is usually 12 to 18 months. At the end of the construction phase, the loan generally converts to a permanent residential or commercial mortgage loan. Construction loan risks include overfunding in comparison to the plans, untimely completion of work, and leasing and stabilization after project completion. Commercial and industrial loans are generally secured by inventories, accounts receivable, and other business assets, which present collateral risk. Consumer loans generally have higher interest rates and shorter terms than residential mortgage loans; however, they have additional credit risk due to the type of collateral securing the loan. The following table presents the classifications of loans as of the dates indicated: March 31, 2024 December 31, 2023 (Dollars in thousands) Real Estate: Residential $ 346,938 $ 347,808 Commercial 470,430 467,154 Construction 44,323 43,116 Commercial and Industrial 103,313 111,278 Consumer 100,576 111,643 Other 30,763 29,397 Total Loans 1,096,343 1,110,396 Allowance for Credit Losses (9,582) (9,707) Loans, Net $ 1,086,761 $ 1,100,689 Total unamortized net deferred loan fees were $897,000 and $1.0 million at March 31, 2024 and December 31, 2023, respectively. The Company uses an eight-point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first four categories are not considered criticized and are aggregated as “pass” rated. The criticized rating categories used by management generally follow bank regulatory definitions. The special mention category includes assets that are currently protected but are below average quality, resulting in an undue credit risk, but not to the point of justifying a substandard classification. Loans in the substandard category have well-defined weaknesses that jeopardize the liquidation of the debt and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. Loans classified as doubtful have all the weaknesses inherent in loans classified as substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as loss are considered uncollectible and of such little value that continuance as an asset is not warranted. The following tables present the Company’s loans by year of origination, loan segmentation and risk indicator summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. There were no loans in the criticized category of Loss. Classified Loans by Origination Year (as of March 31, 2024) (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Real Estate: Residential Pass $ 5,648 $ 33,704 $ 49,806 $ 43,592 $ 57,999 $ 138,224 $ 14,420 $ 343,393 Special Mention — — 1,026 500 — 99 — 1,625 Substandard — — — 97 — 1,823 — 1,920 Doubtful — — — — — — — — Loss — — — — — — — — Total 5,648 33,704 50,832 44,189 57,999 140,146 14,420 346,938 Commercial Pass 11,925 56,222 69,494 88,743 47,613 158,728 2,073 434,798 Special Mention — 1,193 5,443 5,670 2,416 12,776 — 27,498 Substandard — — — — — 8,134 — 8,134 Doubtful — — — — — — — — Loss — — — — — — — — Total 11,925 57,415 74,937 94,413 50,029 179,638 2,073 470,430 Construction Pass 146 15,895 13,047 731 — — — 29,819 Special Mention — 4,988 2,283 663 6,570 — — 14,504 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 146 20,883 15,330 1,394 6,570 — — 44,323 Commercial and Industrial Pass 14,359 25,647 15,406 8,359 5,260 5,573 18,141 92,745 Special Mention — — — — 9 3,435 3,250 6,694 Substandard — — — — — 3,874 — 3,874 Doubtful — — — — — — — — Loss — — — — — — — — Total 14,359 25,647 15,406 8,359 5,269 12,882 21,391 103,313 Consumer Pass 232 11,857 44,691 22,508 8,777 6,836 5,557 100,458 Special Mention — — — — — — — — Substandard — — 24 — 23 71 — 118 Doubtful — — — — — — — — Loss — — — — — — — — Total 232 11,857 44,715 22,508 8,800 6,907 5,557 100,576 Other Pass — 4,045 18,752 37 633 4,884 851 29,202 Special Mention — — 1,561 — — — — 1,561 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total — 4,045 20,313 37 633 4,884 851 30,763 Total Loans $ 32,310 $ 153,551 $ 221,533 $ 170,900 $ 129,300 $ 344,457 $ 44,292 $ 1,096,343 Gross Charge Offs $ — $ — $ 26 $ 1 $ 6 $ 13 $ 17 $ 63 Classified Loans by Origination Year (as of December 31, 2023) (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Real Estate: Residential Pass $ 33,579 $ 49,903 $ 44,749 $ 58,344 $ 38,008 $ 104,931 $ 14,932 $ 344,446 Special Mention — 1,034 507 — — 345 — 1,886 Substandard — — — — — 1,476 — 1,476 Doubtful — — — — — — — — Loss — — — — — — — — Total 33,579 50,937 45,256 58,344 38,008 106,752 14,932 347,808 Commercial Pass 56,466 72,006 85,285 49,356 49,442 112,749 2,017 427,321 Special Mention 1,206 5,485 9,030 2,445 2,730 10,281 — 31,177 Substandard — — — — 2,717 5,939 — 8,656 Doubtful — — — — — — — — Loss — — — — — — — — Total 57,672 77,491 94,315 51,801 54,889 128,969 2,017 467,154 Construction Pass 13,322 12,469 2,932 540 — — — 29,263 Special Mention 4,489 2,153 663 6,548 — — — 13,853 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 17,811 14,622 3,595 7,088 — — — 43,116 Commercial and Industrial Pass 31,609 16,334 8,652 5,556 3,366 2,875 32,172 100,564 Special Mention — — — 12 — 3,215 3,250 6,477 Substandard — — — — — 4,237 — 4,237 Doubtful — — — — — — — — Loss — — — — — — — — Total 31,609 16,334 8,652 5,568 3,366 10,327 35,422 111,278 Consumer Pass 12,726 49,027 25,528 10,365 3,786 4,715 5,408 111,555 Special Mention — — — — — — — — Substandard — — — 24 — 64 — 88 Doubtful — — — — — — — — Loss — — — — — — — — Total 12,726 49,027 25,528 10,389 3,786 4,779 5,408 111,643 Other Pass 4,047 17,248 41 646 1,278 3,701 851 27,812 Special Mention — 1,585 — — — — — 1,585 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 4,047 18,833 41 646 1,278 3,701 851 29,397 Total Loans $ 157,444 $ 227,244 $ 177,387 $ 133,836 $ 101,327 $ 254,528 $ 58,630 $ 1,110,396 Gross Charge Offs $ — $ 163 $ 44 $ 18 $ 2 $ 314 $ 48 $ 589 The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated: March 31, 2024 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans (Dollars in Thousands) Real Estate: Residential $ 342,521 $ 2,347 $ 343 $ — $ 2,690 $ 1,727 $ 346,938 Commercial 468,920 863 303 — 1,166 344 470,430 Construction 44,323 — — — — — 44,323 Commercial and Industrial 103,313 — — — — — 103,313 Consumer 99,578 810 70 — 880 118 100,576 Other 30,763 — — — — — 30,763 Total Loans $ 1,089,418 $ 4,020 $ 716 $ — $ 4,736 $ 2,189 $ 1,096,343 December 31, 2023 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans (Dollars in Thousands) Real Estate: Residential $ 342,852 $ 3,339 $ 141 $ — $ 3,480 $ 1,476 $ 347,808 Commercial 466,794 — — — — 360 467,154 Construction 43,116 — — — — — 43,116 Commercial and Industrial 110,905 57 — — 57 316 111,278 Consumer 110,459 1,010 86 — 1,096 88 111,643 Other 29,397 — — — — — 29,397 Total Loans $ 1,103,523 $ 4,406 $ 227 $ — $ 4,633 $ 2,240 $ 1,110,396 Additional interest income that would have been recorded if the loans that were nonaccrual at March 31, 2024 were current was $20,000 for the three months ended March 31, 2024, and $33,000 for the three months ended March 31, 2023. The following table sets forth the amounts for amortized cost basis of loans on nonaccrual status, loans past due 90 days still accruing, and categories of nonperforming assets at the date indicated. March 31, 2024 Nonaccrual With No ACL Nonaccrual With ACL Loans Past Due 90 Days Still Accruing Total Nonperforming Assets (Dollars in Thousands) Nonaccrual Loans: Real Estate: Residential $ 1,727 $ — $ — $ 1,727 Commercial 344 — — 344 Construction — — — — Commercial and Industrial — — — — Consumer 118 — — 118 Total Nonaccrual Loans $ 2,189 $ — $ — 2,189 Other Real Estate Owned: Residential — Commercial — Total Other Real Estate Owned — Total Nonperforming Assets $ 2,189 December 31, 2023 Nonaccrual With No ACL Nonaccrual With ACL Loans Past Due 90 Days Still Accruing Total Nonperforming Assets (Dollars in Thousands) Nonaccrual Loans: Real Estate: Residential $ 1,476 $ — $ — $ 1,476 Commercial 360 — — 360 Commercial and Industrial 316 — — 316 Consumer 88 — — 88 Total Nonaccrual Loans $ 2,240 $ — $ — 2,240 Other Real Estate Owned: Residential 162 Commercial — Total Other Real Estate Owned 162 Total Nonperforming Assets $ 2,402 No interest income on nonaccrual loans was recognized during the three months ended March 31, 2024 and March 31, 2023. All modifications and refinancing, including those with borrowers that are experiencing financial difficulty are subject to the modification guidance in ASC 310-20. Loan modifications could meet the definition of a new loan if certain terms of the loan are modified to the benefit of the lender and the modification to the terms of the loan are more than minor. Both of these criteria have to be met to define the modification as a new loan. If a loan modification meets the criteria of new loan, then the new loan should include the remaining net investment in the original loan, additional funds advanced, fees received, and direct loan origination costs with the refinancing or restructuring. Additionally, the effective interest rate should be recalculated based on the amortized cost basis of the new loan and a reassessment of contractual cash flow. For the three months ended March 31, 2024 and March 31, 2023, there were no new loan modifications to borrowers experiencing financial difficulty. The recorded investment of residential real estate loans for which formal foreclosure proceedings were in process according to applicable requirements of the local jurisdiction was $1.4 million and $907,000 at March 31, 2024 and December 31, 2023, respectively. The activity in the ACL - Loans is summarized below by primary segments for the periods indicated: Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total (Dollars in thousands) December 31, 2023 $ 3,129 $ 2,630 $ 639 $ 1,693 $ 1,367 $ 249 $ 9,707 Charge-offs (1) — — (12) (50) — (63) Recoveries 11 — — 43 27 — 81 Provision (Recovery) for Credit Losses - Loans (307) 318 231 (137) (260) 12 (143) March 31, 2024 $ 2,832 $ 2,948 $ 870 $ 1,587 $ 1,084 $ 261 $ 9,582 Real Real Real Commercial Consumer Other Unallocated Total (Dollars in thousands) December 31, 2022 $ 2,074 $ 5,810 $ 502 $ 2,313 $ 1,517 $ — $ 603 $ 12,819 Impact of ASC 326 137 (3,244) 488 (1,057) 774 120 (603) (3,385) Charge-offs — — — — (53) — — (53) Recoveries 13 — — 758 38 — — 809 Provision (Recovery) for Credit Losses - Loans (68) 490 (185) (17) (178) 38 — 80 March 31, 2023 $ 2,156 $ 3,056 $ 805 $ 1,997 $ 2,098 $ 158 $ — $ 10,270 The Company’s allowance for credit losses on unfunded commitments is recognized as a liability (accrued interest payable and other liabilities on the Consolidated Statement of Financial Condition), with adjustments to the reserve recognized in provision for credit losses - unfunded commitments on the Consolidated Statement of Income. The Company’s activity in the allowance for credit losses on unfunded commitments for the periods ended was as follows: (in thousands) Allowance for Credit Losses Balance at December 31, 2023 $ 500 Provision for Credit Losses - Unfunded Commitments 106 Balance at March 31, 2024 $ 606 (in thousands) Allowance for Credit Losses Balance at December 31, 2022 $ — Impact of CECL Adoption 718 Provision for Credit Losses - Unfunded Commitments — Balance at March 31, 2023 $ 718

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
Derivatives and Hedging Activities	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivatives Not Designated as Hedging Instruments The Company has four risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which it is a participant. The risk participation agreements provide credit protection to the financial institution should the borrower fail to perform on its interest rate derivative contract with the financial institution. Derivatives Designated as Hedging Instruments In October 2023, the Company entered into an interest rate swap contract that is designated as a fair value hedge to mitigate the risk of interest rate increases and the subsequent impact on the associated fixed rate mortgages. This contract matures on October 17, 2026, has a notional amount of $75.0 million and is benchmarked to SOFR. The Company expects the hedge to remain effective during the remaining term of the swap. The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding and risk participation agreements with other financial institutions. These adjustments are included in Accrued Interest Payable and Other Liabilities on the Company's Consolidated Statement of Financial Condition. March 31, 2024 December 31, 2023 (Dollars in Thousands) Derivatives not Designated as Hedging Instruments Risk Participation Agreements: Credit Value Adjustment $ (103) $ (94) Notional Amount 16,588 9,119 Derivatives Designated as Hedging Instruments Interest rate swaps: Fair Value Adjustment (644) (1,777) Notional Amount 75,000 75,000

Fair Value Disclosure

Fair Value Disclosure	3 Months Ended
Fair Value Disclosure	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Disclosure	Fair Value Disclosure ASC Topic 820 “Fair Value Measurement” defines fair value and provides the framework for measuring fair value and required disclosures about fair value measurements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability at the transaction date. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used in valuation methods to determine fair value. The three levels of fair value hierarchy are as follows: Level 1 – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets. These generally provide the most reliable evidence and are used to measure fair value whenever available. Level 2 – Fair value is based on significant inputs, other than Level 1 inputs, that are observable either directly or indirectly for substantially the full term of the asset through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets, quoted market prices in markets that are not active for identical or similar assets, and other observable inputs. Level 3 – Fair value is based on significant unobservable inputs. Examples of valuation methodologies that would result in Level 3 classification include option pricing models, discounted cash flows, and other similar techniques. This hierarchy requires the use of observable market data when available. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The majority of the Company’s securities are included in Level 2 of the fair value hierarchy. Fair values for Level 2 securities were primarily determined by a third-party pricing service using both quoted prices for similar assets, when available, and model-based valuation techniques that derive fair value based on market-corroborated data, such as instruments with similar prepayment speeds and default interest rates. The standard inputs that are normally used include benchmark yields of like securities, reportable trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. The Company uses derivative instruments, including interest rate swaps and risk participation agreements, and the fair value of such instruments are calculated using accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative, considering the contractual terms of each derivative, and uses observable market-based inputs, such as interest rate curves and implied volatilities. Credit valuation adjustments are incorporated to appropriately reflect nonperformance risk and the respective counterparties' nonperformance risk in calculating fair value measurements. These instruments are clasified as Level 2. There were no transfers into or out of Level 3 during the three months ended March 31, 2024 or year ended December 31, 2023. The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statements of Financial Condition as of the dates indicated, by level within the fair value hierarchy: Fair Value Hierarchy March 31, 2024 December 31, 2023 (Dollars in thousands) ASSETS Available-for-Sale Debt Securities U.S. Government Agencies Level 2 $ 3,894 $ 3,949 Obligations of States and Political Subdivisions Level 2 3,344 3,373 Mortgage-Backed Securities - Government-Sponsored Enterprises Level 2 53,316 54,532 Collateralized Mortgage Obligations - Government Sponsored Enterprises Level 2 101,940 105,130 Collateralized Loan Obligations Level 2 59,604 29,804 Corporate Debt Level 2 7,756 7,719 Total Available-for-Sale Debt Securities 229,854 204,507 Equity Securities Mutual Funds Level 1 880 888 Other Level 1 1,542 1,700 Total Equity Securities 2,422 2,588 Total Securities $ 232,276 $ 207,095 Total Assets $ 232,276 $ 207,095 LIABILITIES Derivative Financial Liabilities Interest Rate Swaps Level 2 $ 644 $ 1,777 Risk Participation Agreements Level 2 103 94 Total Liabilities $ 747 $ 1,871 The following table presents the financial assets on the Consolidated Statements of Financial Condition measured at fair value on a nonrecurring basis as of the dates indicated by level within the fair value hierarchy for only those nonrecurring assets that had a fair value below the carrying amount. The table also presents the significant unobservable inputs used in the fair value measurements. Financial Asset Fair Value Hierarchy December 31, Valuation Significant Unobservable Inputs Range Weighted Average (Dollars in thousands) OREO Level 3 $ — Appraisal of Collateral (1) Liquidation Expenses (2) 100 % to 100 % 100.0% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which may include various Level 3 inputs, which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expense are presented as a percent of the appraisal. Collateral dependent impaired loans are evaluated and valued at the time the loan is identified as impaired at the lower of cost or fair value. Fair value is measured based on the value of the collateral securing the loans and is classified as Level 3 in the fair value hierarchy. At March 31, 2024 and December 31, 2023, the Company did not have any loans that would be required to be remeasured. The fair value of mortgage servicing rights ("MSRs") is determined by calculating the present value of estimated future net servicing cash flows, considering expected mortgage loan prepayment rates, discount rates, servicing costs and other economic factors, which are determined based on current market conditions. The expected rate of mortgage loan prepayments is the most significant factor driving the value of MSRs. MSRs are considered impaired if the carrying value exceeds fair value. Since the valuation model includes significant unobservable inputs as listed above, MSRs are classified as Level 3. At March 31, 2024 and December 31, 2023, the Company did not have any MSRs that would be required to be remeasured. Other real estate owned ("OREO") properties are evaluated at the time of acquisition and recorded at fair value, less estimated selling costs. After acquisition, OREO is recorded at the lower of cost or fair value, less estimated selling costs. The fair value of an OREO property is determined from a qualified independent appraisal and is classified as Level 3 in the fair value hierarchy. As of March 31, 2024 the Company did not have any OREO that would be required to be remeasured. At December 31, 2023, OREO measured at fair value less costs to sell had no net carrying value, which consisted of the outstanding balance of $37,000 less write-downs of $37,000. Financial instruments are defined as cash, evidence of an ownership in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second entity on potentially favorable or unfavorable terms. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If no readily available market exists, the fair value estimates for financial instruments should be based upon management’s judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses and other factors, as determined through various option pricing formulas or simulation modeling. As many of these assumptions result from judgments made by management based upon estimates which are inherently uncertain, the resulting estimated fair values may not be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in the assumptions on which the estimated fair values are based may have significant impact on the resulting estimated fair values. As certain assets such as deferred tax assets and premises and equipment are not considered financial instruments, the estimated fair value of financial instruments would not represent the full value of the Company. The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated. March 31, 2024 December 31, 2023 Fair Value Hierarchy Carrying Value Fair Value Carrying Value Fair Value (Dollars in thousands) Financial Assets: Cash and Due From Banks: Interest-Earning Level 1 $ 67,006 $ 67,006 $ 62,442 $ 62,442 Noninterest-Earning Level 1 6,685 6,685 5,781 5,781 Securities See Above 232,276 232,276 207,095 207,095 Loans Held for Sale Level 2 200 200 — — Loans, Net Level 3 1,086,761 1,045,267 1,100,689 1,051,722 Restricted Stock Level 2 3,168 3,168 3,345 3,345 Mortgage Servicing Rights Level 3 517 973 540 974 Accrued Interest Receivable Level 2 5,248 5,248 5,086 5,086 Financial Liabilities: Deposits Level 2 1,262,494 1,259,793 1,267,159 1,263,574 Other Borrowed Funds FHLB Borrowings Level 2 20,000 19,932 20,000 19,962 Subordinated Debt Level 2 14,688 13,307 14,678 13,378 Derivative Liabilities Level 2 747 747 1,871 1,871 Accrued Interest Payable Level 2 2,213 2,213 1,814 1,814

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
Commitments and Contingent Liabilities	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business primarily to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and performance letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Statements of Financial Condition. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and performance letters of credit written is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The Company maintains an ACL on unfunded commitments to provide for the risk of loss inherent in these arrangements. 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 cancellable. 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. The ACL on unfunded loan commitments is included in other liabilities on the Consolidated Statement of Financial Condition and the related expense is recorded in provision for credit losses - unfunded commitments in the Consolidated Statement of Income. The following table presents the unused and available credit balances of financial instruments whose contracts represent credit risk at the dates indicated: March 31, December 31, (Dollars in thousands) Standby Letters of Credit $ 110 $ 110 Performance Letters of Credit 795 895 Construction Mortgages 43,484 47,034 Personal Lines of Credit 7,313 7,185 Overdraft Protection Lines 1,980 2,025 Home Equity Lines of Credit 24,677 24,176 Commercial Lines of Credit 67,747 64,667 Total Commitments $ 146,106 $ 146,092 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee by the customer. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Performance letters of credit represent conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These instruments are issued primarily to support bid or performance-related contracts. The coverage period for these instruments is typically a one-year period with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized upon expiration of the letter. For secured letters of credit, the collateral is typically Company deposit instruments or customer business assets. The Company recorded no liability associated with standby letters of credit as of March 31, 2024 and December 31, 2023.

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2024
Leases [Abstract]
Leases	Leases The Company evaluates all contracts at commencement to determine if a lease is present. In accordance with ASC Topic 842, leases are defined as either operating or finance leases. The Company’s lease contracts are all classified as operating leases and create operating right-of-use (“ROU”) assets and corresponding lease liabilities on the Consolidated Statements of Financial Condition. The leases are primarily ROU assets of land and building for branch and loan production locations. ROU assets lease liabilities The following tables present the lease expense, ROU assets, weighted average term, discount rate and maturity analysis of lease liabilities for operating leases for the periods and dates indicated. Three Months Ended 2024 2023 (Dollars in thousands) Operating Lease Expense $ 77 $ 77 Variable Lease Expense 8 7 Total Lease Expense $ 85 $ 84 March 31, December 31, (Dollars in thousands) Operating Leases: ROU Assets $ 2,651 $ 1,673 Weighted Average Lease Term in Years 12.14 7.50 Weighted Average Discount Rate 4.04 % 2.86 % March 31, (Dollars in thousands) Maturity Analysis: Due in One Year $ 420 Due After One Year to Two Years 321 Due After Two Years to Three Years 308 Due After Three Years to Four Years 307 Due After Four to Five Years 273 Due After Five Years 2,005 Total $ 3,634 Less: Present Value Discount 885 Lease Liabilities $ 2,749

Segment and Related Information

Segment and Related Information	3 Months Ended
Segment and Related Information	Mar. 31, 2024
Segment Reporting [Abstract]
Segment and Related Information	Segment and Related Information At March 31, 2024, the Company’s business activities were comprised of one operating segment, which is community banking. In prior reporting periods, the Company's business activities were comprised of two operating segments, community banking and insurance brokerage services. CB Financial is the parent company of the Bank and Exchange Underwriters, a wholly owned subsidiary of the Bank. Exchange Underwriters had an independent board of directors from the Company and was managed separately from the banking and related financial services that the Company offers. Exchange Underwriters was an independent insurance agency that offered property, casualty, commercial liability, surety and other insurance products. On December 1, 2023, the Company announced that the Bank and EU entered into an Asset Purchase Agreement with World Insurance Associates, LLC ("World") pursuant to which EU sold substantially all of its assets to World for a purchase price of $30.5 million cash plus possible additional earn-out payments. The sale of assets was completed on December 8, 2023 and resulted in a pre-tax gain of $24.6 million. Assets remaining in the EU subsidiary at March 31, 2024 and December 31, 2023 consisted primarily of cash received from the sale of assets. The EU subsidiary will be dissolved with the remaining assets and liabilities being transferred to the Bank during 2024. The following is a table of selected financial data for the Company’s subsidiaries and consolidated results at the dates and for the periods indicated: Community Bank Exchange Underwriters, Inc. CB Financial Services, Inc. Net Eliminations Consolidated (Dollars in thousands) March 31, 2024 Assets $ 1,471,305 $ 28,771 $ 156,604 $ (183,591) $ 1,473,089 Liabilities 1,332,128 7,512 15,014 (23,155) 1,331,499 Stockholders' Equity 139,177 21,259 141,590 (160,436) 141,590 December 31, 2023 Assets $ 1,452,469 $ 28,830 $ 154,698 $ (179,906) $ 1,456,091 Liabilities 1,315,110 7,571 14,864 (21,288) 1,316,257 Stockholders' Equity 137,359 21,259 139,834 (158,618) 139,834 Three Months Ended March 31, 2024 Interest and Dividend Income $ 17,965 $ — $ 1,301 $ (1,280) $ 17,986 Interest Expense 6,240 — 155 — 6,395 Net Interest and Dividend Income 11,725 — 1,146 (1,280) 11,591 Recovery for Credit Losses - Loans (143) — — — (143) Provision for Credit Losses - Unfunded Commitments 106 — — — 106 Net Interest and Dividend Income After Net Recovery for Credit Losses 11,762 — 1,146 (1,280) 11,628 Noninterest Income (Loss) 2,074 — (158) — 1,916 Noninterest Expense 8,423 — 5 — 8,428 Undistributed Net Income of Subsidiary — — 3,150 (3,150) — Income Before Income Tax Expense (Benefit) 5,413 — 4,133 (4,430) 5,116 Income Tax Expense (Benefit) 983 — (63) — 920 Net Income $ 4,430 $ — $ 4,196 $ (4,430) $ 4,196 Three Months Ended March 31, 2023 Interest and Dividend Income $ 14,223 $ 2 $ 1,294 $ (1,275) $ 14,244 Interest Expense 2,506 — 155 — 2,661 Net Interest and Dividend Income 11,717 2 1,139 (1,275) 11,583 Provision for Credit Losses 80 — — — 80 Net Interest and Dividend Income After Provision for Credit Losses 11,637 2 1,139 (1,275) 11,503 Noninterest Income (Loss) 1,100 1,956 (246) — 2,810 Noninterest Expense 7,924 1,099 5 — 9,028 Undistributed Net Income of Subsidiary 608 — 3,187 (3,795) — Income Before Income Tax (Benefit) Expense 5,421 859 4,075 (5,070) 5,285 Income Tax (Benefit) Expense 959 251 (81) — 1,129 Net Income $ 4,462 $ 608 $ 4,156 $ (5,070) $ 4,156

Stock Based Compensation

Stock Based Compensation	3 Months Ended
Stock Based Compensation	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	Stock Based Compensation The following table presents stock option information for the period indicated. Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Outstanding Options at December 31, 2023 337,444 $ 24.11 5.6 Granted 93,950 22.12 Exercised — — Forfeited (3,128) 24.14 Outstanding Options at March 31, 2024 428,266 $ 23.67 5.6 Exercisable Options at March 31, 2024 233,957 $ 24.32 3.3 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Service Period in Years Nonvested Options at March 31, 2024 194,309 $ 22.90 8.3 Summary of Significant Assumptions for Newly Issued Stock Options Expected Term in Years 6.5 Expected Volatility 30.4 % Expected Dividends $ 1.00 Risk Free Rate of Return 3.98 % Weighted Average Grant Date Fair Value (per share) $ 4.81 The following table presents restricted stock award information for the period indicated: Number of Shares Weighted Average Grant Date Fair Value Price Weighted Average Remaining Service Period in Years Nonvested Restricted Stock at December 31, 2023 68,777 $ 23.16 3.8 Granted 25,410 22.12 Vested (7,713) 24.05 Forfeited (1,650) 22.48 Nonvested Restricted Stock at March 31, 2024 84,824 $ 22.78 3.2 The Company recognizes expense over a five-year vesting period for the restricted stock awards and stock options. Stock-based compensation expense related to restricted stock awards and stock options was $178,000 and $174,000 for the three months ended March 31, 2024 and 2023. As of March 31, 2024 and December 31, 2023, total unrecognized compensation expense was $905,000 and $505,000, respectively, related to stock options, and $1.8 million and $1.4 million, respectively, related to restricted stock awards. Intrinsic value represents the amount by which the fair value of the underlying stock at March 31, 2024 and December 31, 2023 exceeds the exercise price of the stock options. The intrinsic value of stock options was $27,000 and $335,000 at March 31, 2024 and December 31, 2023, respectively. At March 31, 2024 and December 31, 2023, respectively, there were 6,489 and 161,464 shares available under the Plan to be issued in connection with the exercise of stock options, and 2,596 and 64,586 shares that may be issued as restricted stock awards or units. Restricted stock awards or units may be issued above this amount provided that the number of shares reserved for stock options is reduced by two and one-half shares for each restricted stock award or unit share granted.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC and incorporated into the consolidated financial statements the effect of all material known events determined by Accounting Standards Codification ("ASC") 855, Subsequent Events

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income	$ 4,196	$ 4,156

Insider Trading Arrangements

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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters”). CB Financial, the Bank and Exchange Underwriters are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with general practice within the banking industry. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading in any material respect. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statements of Financial Condition and income and expenses for the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for credit losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, impairment evaluations of securities, goodwill and intangible assets impairment, and the valuation of deferred tax assets. In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Interim results are not necessarily indicative of results for a full year.
Nature of Operations	Nature of Operations
Recent Accounting Standards	Recent Accounting Standards In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 that extends the period of time preparers can utilize the reference rate reform relief guidance. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, as amended. This ASU provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Inter-bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. The elective guidance in the ASU applies to modifications of contract terms that will directly replace, or have the potential to replace, an affected rate with another interest rate index, as well as certain contemporaneous modifications of other contract terms related to the replacement of an affected rate. The ASU notes that changes in contract terms that are made to effect the reference rate reform transition are considered related to the replacement of a reference rate if they are not the result of a business decision that is separate from or in addition to changes to the terms of a contract to effect that transition. The optional expedient allows companies to account for the modification as if it was not substantial (i.e., do not treat as an extinguishment of debt). To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. For all entities, the amendments in ASU 2022-06 are effective upon issuance. As of March 31, 2024, the Company does not have any instruments tied to the LIBOR reference rate. The adoption of this guidance is not expected to have a material effect on the Company's consolidated statements of financial condition and results of operations. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires that public entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. The ASU requires all entities to disclose on an annual basis (1) the amount of income taxes paid, disaggregated by federal, state and foreign taxes and (2) the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal or greater than five percent of total income taxes paid. The ASU also requires that all entities disclose (1) income (loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic or foreign and (2) income tax expense (or benefit) from continuing operations disaggregated by federal (national), state and foreign. This ASU is effective for public entities for annual period beginning after December 15, 2024. The Company does not expect the adoption of the ASU to have a material effect on the Company's consolidated statements of financial statements and results of operations.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) Per Share, Basic and Diluted	The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation: Three Months Ended 2024 2023 (Dollars in thousands, except share and per share data) Net Income $ 4,196 $ 4,156 Weighted-Average Basic Common Shares Outstanding 5,129,903 5,109,597 Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock) 12,383 6,108 Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding 5,142,286 5,115,705 Earnings Per Share: Basic $ 0.82 $ 0.81 Diluted 0.82 0.81
Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share	The following table presents for the periods indicated (a) options to purchase shares of common stock that were outstanding but not included in the computation of earnings per share because the options’ exercise price was greater than the average market price of the common shares for the period, and (b) shares of restricted stock awards that were not included in the computation of diluted earnings per share because the hypothetical repurchase of shares under the treasury stock method exceeded the weighted average nonvested restricted awards, therefore the effects would be anti-dilutive. Three Months Ended 2024 2023 Stock Options 315,566 224,076 Restricted Stock 30,385 49,527

Securities (Tables)

Securities (Tables)	3 Months Ended
Securities (Tables)	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-sale and Unrealized Loss on Investments	The following table presents the amortized cost and fair value of securities available-for-sale at the dates indicated: March 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Available-for-Sale Debt Securities: U.S. Government Agencies $ 4,996 $ — $ (1,102) $ 3,894 Obligations of States and Political Subdivisions 3,485 — (141) 3,344 Mortgage-Backed Securities - Government-Sponsored Enterprises 56,626 12 (3,322) 53,316 Collateralized Mortgage Obligations - Government-Sponsored Enterprises 118,532 — (16,592) 101,940 Collateralized Loan Obligations 59,708 2 (106) 59,604 Corporate Debt 9,482 — (1,726) 7,756 Total Available-for-Sale Debt Securities 252,829 14 (22,989) 229,854 Equity Securities: Mutual Funds 880 Other 1,542 Total Equity Securities 2,422 Total Securities $ 232,276 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in thousands) Available-for-Sale Debt Securities: U.S. Government Agencies $ 4,995 $ — $ (1,046) $ 3,949 Obligations of States and Political Subdivisions 3,481 5 (113) 3,373 Mortgage-Backed Securities - Government-Sponsored Enterprises 57,377 141 (2,986) 54,532 Collateralized Mortgage Obligations - Government-Sponsored Enterprises 120,655 227 (15,752) 105,130 Collateralized Loan Obligations 29,862 — (58) 29,804 Corporate Debt 9,484 — (1,765) 7,719 Total Available-for-Sale Debt Securities 225,854 373 (21,720) 204,507 Equity Securities: Mutual Funds 888 Other 1,700 Total Equity Securities 2,588 Total Securities $ 207,095 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at the dates indicated: March 31, 2024 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses (Dollars in thousands) U.S. Government Agencies — $ — $ — 1 $ 3,894 $ (1,102) 1 $ 3,894 $ (1,102) Obligations of States and Political Subdivisions 1 545 (1) 6 2,799 (140) 7 3,344 (141) Mortgage Backed Securities- Government-Sponsored Enterprises 3 22,180 (163) 8 16,509 (3,159) 11 38,689 (3,322) Collateralized Mortgage Obligations - Government-Sponsored Enterprises 4 32,507 (364) 21 69,432 (16,228) 25 101,939 (16,592) Collateralized Loan Obligations 2 8,558 (106) — — — 2 8,558 (106) Corporate Debt — — — 3 7,756 (1,726) 3 7,756 (1,726) Total 10 $ 63,790 $ (634) 39 $ 100,390 $ (22,355) 49 $ 164,180 $ (22,989) December 31, 2023 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses (Dollars in thousands) U.S. Government Agencies — $ — $ — 1 $ 3,949 $ (1,046) 1 $ 3,949 $ (1,046) Obligations of States and Political Subdivisions — — — 6 2,823 (113) 6 2,823 (113) Mortgage Backed Securities- Government-Sponsored Enterprises — — — 8 17,135 (2,986) 8 17,135 (2,986) Collateralized Mortgage Obligations - Government-Sponsored Enterprises 1 5,603 (29) 21 71,796 (15,723) 22 77,399 (15,752) Collateralized Loan Obligations 1 2,910 (58) — — — 1 2,910 (58) Corporate Debt — — — 3 7,719 (1,765) 3 7,719 (1,765) Total 2 $ 8,513 $ (87) 39 $ 103,422 $ (21,633) 41 $ 111,935 $ (21,720)
Investments Classified by Contractual Maturity Date	The scheduled maturities of securities available-for-sale are summarized as follows. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities, collateralized mortgage obligations and collateralized loan obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis. March 31, 2024 Amortized Cost Fair Value (Dollars in thousands) Due in One Year or Less $ — $ — Due after One Year through Five Years 842 816 Due after Five Years through Ten Years 48,074 45,956 Due after Ten Years 203,913 183,082 Total $ 252,829 $ 229,854
Schedule of Realized Gain (Loss)	The following table presents the gain and loss on equity securities from both realized sales and unrealized market adjustments for the periods indicated. There was no realized gain or loss on sales of debt securities for the periods indicated. All gains and losses presented in the table below are reported in Net Loss on Securities on the Consolidated Statements of Income. Three Months Ended 2024 2023 (Dollars in thousands) Equity Securities Net Unrealized Loss Recognized on Securities Held $ (166) $ (232) Net Realized Gain Recognized on Securities Sold — — Net Loss on Equity Securities $ (166) $ (232) Net Loss on Securities $ (166) $ (232)

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
Loans and Allowance for Credit Losses (Tables)	Mar. 31, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents the classifications of loans as of the dates indicated: March 31, 2024 December 31, 2023 (Dollars in thousands) Real Estate: Residential $ 346,938 $ 347,808 Commercial 470,430 467,154 Construction 44,323 43,116 Commercial and Industrial 103,313 111,278 Consumer 100,576 111,643 Other 30,763 29,397 Total Loans 1,096,343 1,110,396 Allowance for Credit Losses (9,582) (9,707) Loans, Net $ 1,086,761 $ 1,100,689
Financing Receivable Credit Quality Indicators	The following tables present the Company’s loans by year of origination, loan segmentation and risk indicator summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. There were no loans in the criticized category of Loss. Classified Loans by Origination Year (as of March 31, 2024) (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Real Estate: Residential Pass $ 5,648 $ 33,704 $ 49,806 $ 43,592 $ 57,999 $ 138,224 $ 14,420 $ 343,393 Special Mention — — 1,026 500 — 99 — 1,625 Substandard — — — 97 — 1,823 — 1,920 Doubtful — — — — — — — — Loss — — — — — — — — Total 5,648 33,704 50,832 44,189 57,999 140,146 14,420 346,938 Commercial Pass 11,925 56,222 69,494 88,743 47,613 158,728 2,073 434,798 Special Mention — 1,193 5,443 5,670 2,416 12,776 — 27,498 Substandard — — — — — 8,134 — 8,134 Doubtful — — — — — — — — Loss — — — — — — — — Total 11,925 57,415 74,937 94,413 50,029 179,638 2,073 470,430 Construction Pass 146 15,895 13,047 731 — — — 29,819 Special Mention — 4,988 2,283 663 6,570 — — 14,504 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 146 20,883 15,330 1,394 6,570 — — 44,323 Commercial and Industrial Pass 14,359 25,647 15,406 8,359 5,260 5,573 18,141 92,745 Special Mention — — — — 9 3,435 3,250 6,694 Substandard — — — — — 3,874 — 3,874 Doubtful — — — — — — — — Loss — — — — — — — — Total 14,359 25,647 15,406 8,359 5,269 12,882 21,391 103,313 Consumer Pass 232 11,857 44,691 22,508 8,777 6,836 5,557 100,458 Special Mention — — — — — — — — Substandard — — 24 — 23 71 — 118 Doubtful — — — — — — — — Loss — — — — — — — — Total 232 11,857 44,715 22,508 8,800 6,907 5,557 100,576 Other Pass — 4,045 18,752 37 633 4,884 851 29,202 Special Mention — — 1,561 — — — — 1,561 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total — 4,045 20,313 37 633 4,884 851 30,763 Total Loans $ 32,310 $ 153,551 $ 221,533 $ 170,900 $ 129,300 $ 344,457 $ 44,292 $ 1,096,343 Gross Charge Offs $ — $ — $ 26 $ 1 $ 6 $ 13 $ 17 $ 63 Classified Loans by Origination Year (as of December 31, 2023) (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Real Estate: Residential Pass $ 33,579 $ 49,903 $ 44,749 $ 58,344 $ 38,008 $ 104,931 $ 14,932 $ 344,446 Special Mention — 1,034 507 — — 345 — 1,886 Substandard — — — — — 1,476 — 1,476 Doubtful — — — — — — — — Loss — — — — — — — — Total 33,579 50,937 45,256 58,344 38,008 106,752 14,932 347,808 Commercial Pass 56,466 72,006 85,285 49,356 49,442 112,749 2,017 427,321 Special Mention 1,206 5,485 9,030 2,445 2,730 10,281 — 31,177 Substandard — — — — 2,717 5,939 — 8,656 Doubtful — — — — — — — — Loss — — — — — — — — Total 57,672 77,491 94,315 51,801 54,889 128,969 2,017 467,154 Construction Pass 13,322 12,469 2,932 540 — — — 29,263 Special Mention 4,489 2,153 663 6,548 — — — 13,853 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 17,811 14,622 3,595 7,088 — — — 43,116 Commercial and Industrial Pass 31,609 16,334 8,652 5,556 3,366 2,875 32,172 100,564 Special Mention — — — 12 — 3,215 3,250 6,477 Substandard — — — — — 4,237 — 4,237 Doubtful — — — — — — — — Loss — — — — — — — — Total 31,609 16,334 8,652 5,568 3,366 10,327 35,422 111,278 Consumer Pass 12,726 49,027 25,528 10,365 3,786 4,715 5,408 111,555 Special Mention — — — — — — — — Substandard — — — 24 — 64 — 88 Doubtful — — — — — — — — Loss — — — — — — — — Total 12,726 49,027 25,528 10,389 3,786 4,779 5,408 111,643 Other Pass 4,047 17,248 41 646 1,278 3,701 851 27,812 Special Mention — 1,585 — — — — — 1,585 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total 4,047 18,833 41 646 1,278 3,701 851 29,397 Total Loans $ 157,444 $ 227,244 $ 177,387 $ 133,836 $ 101,327 $ 254,528 $ 58,630 $ 1,110,396 Gross Charge Offs $ — $ 163 $ 44 $ 18 $ 2 $ 314 $ 48 $ 589
Financing Receivable, Past Due	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated: March 31, 2024 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans (Dollars in Thousands) Real Estate: Residential $ 342,521 $ 2,347 $ 343 $ — $ 2,690 $ 1,727 $ 346,938 Commercial 468,920 863 303 — 1,166 344 470,430 Construction 44,323 — — — — — 44,323 Commercial and Industrial 103,313 — — — — — 103,313 Consumer 99,578 810 70 — 880 118 100,576 Other 30,763 — — — — — 30,763 Total Loans $ 1,089,418 $ 4,020 $ 716 $ — $ 4,736 $ 2,189 $ 1,096,343 December 31, 2023 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans (Dollars in Thousands) Real Estate: Residential $ 342,852 $ 3,339 $ 141 $ — $ 3,480 $ 1,476 $ 347,808 Commercial 466,794 — — — — 360 467,154 Construction 43,116 — — — — — 43,116 Commercial and Industrial 110,905 57 — — 57 316 111,278 Consumer 110,459 1,010 86 — 1,096 88 111,643 Other 29,397 — — — — — 29,397 Total Loans $ 1,103,523 $ 4,406 $ 227 $ — $ 4,633 $ 2,240 $ 1,110,396
Financing Receivable, Nonaccrual	The following table sets forth the amounts for amortized cost basis of loans on nonaccrual status, loans past due 90 days still accruing, and categories of nonperforming assets at the date indicated. March 31, 2024 Nonaccrual With No ACL Nonaccrual With ACL Loans Past Due 90 Days Still Accruing Total Nonperforming Assets (Dollars in Thousands) Nonaccrual Loans: Real Estate: Residential $ 1,727 $ — $ — $ 1,727 Commercial 344 — — 344 Construction — — — — Commercial and Industrial — — — — Consumer 118 — — 118 Total Nonaccrual Loans $ 2,189 $ — $ — 2,189 Other Real Estate Owned: Residential — Commercial — Total Other Real Estate Owned — Total Nonperforming Assets $ 2,189 December 31, 2023 Nonaccrual With No ACL Nonaccrual With ACL Loans Past Due 90 Days Still Accruing Total Nonperforming Assets (Dollars in Thousands) Nonaccrual Loans: Real Estate: Residential $ 1,476 $ — $ — $ 1,476 Commercial 360 — — 360 Commercial and Industrial 316 — — 316 Consumer 88 — — 88 Total Nonaccrual Loans $ 2,240 $ — $ — 2,240 Other Real Estate Owned: Residential 162 Commercial — Total Other Real Estate Owned 162 Total Nonperforming Assets $ 2,402
Financing Receivable, Allowance for Credit Loss	The activity in the ACL - Loans is summarized below by primary segments for the periods indicated: Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total (Dollars in thousands) December 31, 2023 $ 3,129 $ 2,630 $ 639 $ 1,693 $ 1,367 $ 249 $ 9,707 Charge-offs (1) — — (12) (50) — (63) Recoveries 11 — — 43 27 — 81 Provision (Recovery) for Credit Losses - Loans (307) 318 231 (137) (260) 12 (143) March 31, 2024 $ 2,832 $ 2,948 $ 870 $ 1,587 $ 1,084 $ 261 $ 9,582 Real Real Real Commercial Consumer Other Unallocated Total (Dollars in thousands) December 31, 2022 $ 2,074 $ 5,810 $ 502 $ 2,313 $ 1,517 $ — $ 603 $ 12,819 Impact of ASC 326 137 (3,244) 488 (1,057) 774 120 (603) (3,385) Charge-offs — — — — (53) — — (53) Recoveries 13 — — 758 38 — — 809 Provision (Recovery) for Credit Losses - Loans (68) 490 (185) (17) (178) 38 — 80 March 31, 2023 $ 2,156 $ 3,056 $ 805 $ 1,997 $ 2,098 $ 158 $ — $ 10,270 (in thousands) Allowance for Credit Losses Balance at December 31, 2023 $ 500 Provision for Credit Losses - Unfunded Commitments 106 Balance at March 31, 2024 $ 606 (in thousands) Allowance for Credit Losses Balance at December 31, 2022 $ — Impact of CECL Adoption 718 Provision for Credit Losses - Unfunded Commitments — Balance at March 31, 2023 $ 718

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
Derivatives and Hedging Activities (Tables)	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value Adjustments	The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding and risk participation agreements with other financial institutions. These adjustments are included in Accrued Interest Payable and Other Liabilities on the Company's Consolidated Statement of Financial Condition. March 31, 2024 December 31, 2023 (Dollars in Thousands) Derivatives not Designated as Hedging Instruments Risk Participation Agreements: Credit Value Adjustment $ (103) $ (94) Notional Amount 16,588 9,119 Derivatives Designated as Hedging Instruments Interest rate swaps: Fair Value Adjustment (644) (1,777) Notional Amount 75,000 75,000

Fair Value Disclosure (Tables)

Fair Value Disclosure (Tables)	3 Months Ended
Fair Value Disclosure (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statements of Financial Condition as of the dates indicated, by level within the fair value hierarchy: Fair Value Hierarchy March 31, 2024 December 31, 2023 (Dollars in thousands) ASSETS Available-for-Sale Debt Securities U.S. Government Agencies Level 2 $ 3,894 $ 3,949 Obligations of States and Political Subdivisions Level 2 3,344 3,373 Mortgage-Backed Securities - Government-Sponsored Enterprises Level 2 53,316 54,532 Collateralized Mortgage Obligations - Government Sponsored Enterprises Level 2 101,940 105,130 Collateralized Loan Obligations Level 2 59,604 29,804 Corporate Debt Level 2 7,756 7,719 Total Available-for-Sale Debt Securities 229,854 204,507 Equity Securities Mutual Funds Level 1 880 888 Other Level 1 1,542 1,700 Total Equity Securities 2,422 2,588 Total Securities $ 232,276 $ 207,095 Total Assets $ 232,276 $ 207,095 LIABILITIES Derivative Financial Liabilities Interest Rate Swaps Level 2 $ 644 $ 1,777 Risk Participation Agreements Level 2 103 94 Total Liabilities $ 747 $ 1,871
Fair Value Measurement Inputs and Valuation Techniques	The following table presents the financial assets on the Consolidated Statements of Financial Condition measured at fair value on a nonrecurring basis as of the dates indicated by level within the fair value hierarchy for only those nonrecurring assets that had a fair value below the carrying amount. The table also presents the significant unobservable inputs used in the fair value measurements. Financial Asset Fair Value Hierarchy December 31, Valuation Significant Unobservable Inputs Range Weighted Average (Dollars in thousands) OREO Level 3 $ — Appraisal of Collateral (1) Liquidation Expenses (2) 100 % to 100 % 100.0% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which may include various Level 3 inputs, which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expense are presented as a percent of the appraisal.
Fair Value, by Balance Sheet Grouping	The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated. March 31, 2024 December 31, 2023 Fair Value Hierarchy Carrying Value Fair Value Carrying Value Fair Value (Dollars in thousands) Financial Assets: Cash and Due From Banks: Interest-Earning Level 1 $ 67,006 $ 67,006 $ 62,442 $ 62,442 Noninterest-Earning Level 1 6,685 6,685 5,781 5,781 Securities See Above 232,276 232,276 207,095 207,095 Loans Held for Sale Level 2 200 200 — — Loans, Net Level 3 1,086,761 1,045,267 1,100,689 1,051,722 Restricted Stock Level 2 3,168 3,168 3,345 3,345 Mortgage Servicing Rights Level 3 517 973 540 974 Accrued Interest Receivable Level 2 5,248 5,248 5,086 5,086 Financial Liabilities: Deposits Level 2 1,262,494 1,259,793 1,267,159 1,263,574 Other Borrowed Funds FHLB Borrowings Level 2 20,000 19,932 20,000 19,962 Subordinated Debt Level 2 14,688 13,307 14,678 13,378 Derivative Liabilities Level 2 747 747 1,871 1,871 Accrued Interest Payable Level 2 2,213 2,213 1,814 1,814

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	3 Months Ended
Commitments and Contingent Liabilities (Tables)	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Fair Value, Off-balance Sheet Risks	The following table presents the unused and available credit balances of financial instruments whose contracts represent credit risk at the dates indicated: March 31, December 31, (Dollars in thousands) Standby Letters of Credit $ 110 $ 110 Performance Letters of Credit 795 895 Construction Mortgages 43,484 47,034 Personal Lines of Credit 7,313 7,185 Overdraft Protection Lines 1,980 2,025 Home Equity Lines of Credit 24,677 24,176 Commercial Lines of Credit 67,747 64,667 Total Commitments $ 146,106 $ 146,092

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2024
Leases [Abstract]
Lease, Cost	The following tables present the lease expense, ROU assets, weighted average term, discount rate and maturity analysis of lease liabilities for operating leases for the periods and dates indicated. Three Months Ended 2024 2023 (Dollars in thousands) Operating Lease Expense $ 77 $ 77 Variable Lease Expense 8 7 Total Lease Expense $ 85 $ 84 March 31, December 31, (Dollars in thousands) Operating Leases: ROU Assets $ 2,651 $ 1,673 Weighted Average Lease Term in Years 12.14 7.50 Weighted Average Discount Rate 4.04 % 2.86 %
Lessee, Operating Lease, Liability, Maturity	March 31, (Dollars in thousands) Maturity Analysis: Due in One Year $ 420 Due After One Year to Two Years 321 Due After Two Years to Three Years 308 Due After Three Years to Four Years 307 Due After Four to Five Years 273 Due After Five Years 2,005 Total $ 3,634 Less: Present Value Discount 885 Lease Liabilities $ 2,749

Segment and Related Informati_2

Segment and Related Information (Tables)	3 Months Ended
Segment and Related Information (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following is a table of selected financial data for the Company’s subsidiaries and consolidated results at the dates and for the periods indicated: Community Bank Exchange Underwriters, Inc. CB Financial Services, Inc. Net Eliminations Consolidated (Dollars in thousands) March 31, 2024 Assets $ 1,471,305 $ 28,771 $ 156,604 $ (183,591) $ 1,473,089 Liabilities 1,332,128 7,512 15,014 (23,155) 1,331,499 Stockholders' Equity 139,177 21,259 141,590 (160,436) 141,590 December 31, 2023 Assets $ 1,452,469 $ 28,830 $ 154,698 $ (179,906) $ 1,456,091 Liabilities 1,315,110 7,571 14,864 (21,288) 1,316,257 Stockholders' Equity 137,359 21,259 139,834 (158,618) 139,834 Three Months Ended March 31, 2024 Interest and Dividend Income $ 17,965 $ — $ 1,301 $ (1,280) $ 17,986 Interest Expense 6,240 — 155 — 6,395 Net Interest and Dividend Income 11,725 — 1,146 (1,280) 11,591 Recovery for Credit Losses - Loans (143) — — — (143) Provision for Credit Losses - Unfunded Commitments 106 — — — 106 Net Interest and Dividend Income After Net Recovery for Credit Losses 11,762 — 1,146 (1,280) 11,628 Noninterest Income (Loss) 2,074 — (158) — 1,916 Noninterest Expense 8,423 — 5 — 8,428 Undistributed Net Income of Subsidiary — — 3,150 (3,150) — Income Before Income Tax Expense (Benefit) 5,413 — 4,133 (4,430) 5,116 Income Tax Expense (Benefit) 983 — (63) — 920 Net Income $ 4,430 $ — $ 4,196 $ (4,430) $ 4,196 Three Months Ended March 31, 2023 Interest and Dividend Income $ 14,223 $ 2 $ 1,294 $ (1,275) $ 14,244 Interest Expense 2,506 — 155 — 2,661 Net Interest and Dividend Income 11,717 2 1,139 (1,275) 11,583 Provision for Credit Losses 80 — — — 80 Net Interest and Dividend Income After Provision for Credit Losses 11,637 2 1,139 (1,275) 11,503 Noninterest Income (Loss) 1,100 1,956 (246) — 2,810 Noninterest Expense 7,924 1,099 5 — 9,028 Undistributed Net Income of Subsidiary 608 — 3,187 (3,795) — Income Before Income Tax (Benefit) Expense 5,421 859 4,075 (5,070) 5,285 Income Tax (Benefit) Expense 959 251 (81) — 1,129 Net Income $ 4,462 $ 608 $ 4,156 $ (5,070) $ 4,156

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
Stock Based Compensation (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Options Roll Forward	The following table presents stock option information for the period indicated. Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Outstanding Options at December 31, 2023 337,444 $ 24.11 5.6 Granted 93,950 22.12 Exercised — — Forfeited (3,128) 24.14 Outstanding Options at March 31, 2024 428,266 $ 23.67 5.6 Exercisable Options at March 31, 2024 233,957 $ 24.32 3.3 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Service Period in Years Nonvested Options at March 31, 2024 194,309 $ 22.90 8.3 Summary of Significant Assumptions for Newly Issued Stock Options Expected Term in Years 6.5 Expected Volatility 30.4 % Expected Dividends $ 1.00 Risk Free Rate of Return 3.98 % Weighted Average Grant Date Fair Value (per share) $ 4.81
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following table presents stock option information for the period indicated. Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Outstanding Options at December 31, 2023 337,444 $ 24.11 5.6 Granted 93,950 22.12 Exercised — — Forfeited (3,128) 24.14 Outstanding Options at March 31, 2024 428,266 $ 23.67 5.6 Exercisable Options at March 31, 2024 233,957 $ 24.32 3.3 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Service Period in Years Nonvested Options at March 31, 2024 194,309 $ 22.90 8.3 Summary of Significant Assumptions for Newly Issued Stock Options Expected Term in Years 6.5 Expected Volatility 30.4 % Expected Dividends $ 1.00 Risk Free Rate of Return 3.98 % Weighted Average Grant Date Fair Value (per share) $ 4.81
Nonvested Restricted Stock Shares Activity	The following table presents restricted stock award information for the period indicated: Number of Shares Weighted Average Grant Date Fair Value Price Weighted Average Remaining Service Period in Years Nonvested Restricted Stock at December 31, 2023 68,777 $ 23.16 3.8 Granted 25,410 22.12 Vested (7,713) 24.05 Forfeited (1,650) 22.48 Nonvested Restricted Stock at March 31, 2024 84,824 $ 22.78 3.2

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Thousands	Dec. 08, 2023 USD ($)	Dec. 01, 2023 USD ($)	Mar. 31, 2024 USD ($) branch	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)
Real Estate Properties [Line Items]
Decrease in allowance for credit loss			$ (9,582)	$ (9,707)	$ (10,270)		$ (12,819)
Retained earnings, net of deferred taxes			141,590	139,834	$ 117,195		110,155
Accrued interest receivable on loans			4,100	4,300
Accrued interest receivable on available for sale securities			$ 1,100	$ 947
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Exchange Underwriters
Real Estate Properties [Line Items]
Cash transferred		$ 30,500
Pre tax gain	$ 24,600
Cumulative Effect, Period of Adoption, Adjustment
Real Estate Properties [Line Items]
Retained earnings, net of deferred taxes							2,092
Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Real Estate Properties [Line Items]
Decrease in allowance for credit loss						$ 3,400	$ (3,385)
Allowance for credit losses for unfunded commitments						718
Retained earnings, net of deferred taxes						$ 2,100
Pennsylvania
Real Estate Properties [Line Items]
Number of branches \| branch			10
West Virginia
Real Estate Properties [Line Items]
Number of branches \| branch			3

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net Income	$ 4,196	$ 4,156
Weighted-Average Basic Common Shares Outstanding (in shares)	5,129,903	5,109,597
Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock) (in shares)	12,383	6,108
Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding (in shares)	5,142,286	5,115,705
Earnings Per Share:
Basic (in dollars per share)	$ 0.82	$ 0.81
Diluted (in dollars per share)	$ 0.82	$ 0.81

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Diluted Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	315,566	224,076
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	30,385	49,527

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Investment Securities Available-for-sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-Sale Debt Securities:
Amortized Cost	$ 252,829	$ 225,854
Gross Unrealized Gains	14	373
Gross Unrealized Losses	(22,989)	(21,720)
Fair Value	229,854	204,507
Equity Securities:
Total Equity Securities	2,422	2,588
Total Securities	232,276	207,095
U.S. Government Agencies
Available-for-Sale Debt Securities:
Amortized Cost	4,996	4,995
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,102)	(1,046)
Fair Value	3,894	3,949
Obligations of States and Political Subdivisions
Available-for-Sale Debt Securities:
Amortized Cost	3,485	3,481
Gross Unrealized Gains	0	5
Gross Unrealized Losses	(141)	(113)
Fair Value	3,344	3,373
Mortgage-Backed Securities - Government-Sponsored Enterprises
Available-for-Sale Debt Securities:
Amortized Cost	56,626	57,377
Gross Unrealized Gains	12	141
Gross Unrealized Losses	(3,322)	(2,986)
Fair Value	53,316	54,532
Collateralized Mortgage Obligations - Government-Sponsored Enterprises
Available-for-Sale Debt Securities:
Amortized Cost	118,532	120,655
Gross Unrealized Gains	0	227
Gross Unrealized Losses	(16,592)	(15,752)
Fair Value	101,940	105,130
Collateralized Loan Obligations
Available-for-Sale Debt Securities:
Amortized Cost	59,708	29,862
Gross Unrealized Gains	2	0
Gross Unrealized Losses	(106)	(58)
Fair Value	59,604	29,804
Corporate Debt
Available-for-Sale Debt Securities:
Amortized Cost	9,482	9,484
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,726)	(1,765)
Fair Value	7,756	7,719
Mutual Funds
Equity Securities:
Total Equity Securities	880	888
Other
Equity Securities:
Total Equity Securities	$ 1,542	$ 1,700

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Less than 12 months
Number of Securities \| security	10	2
Fair Value	$ 63,790	$ 8,513
Gross Unrealized Losses	$ (634)	$ (87)
12 Months or Greater
Number of Securities \| security	39	39
Fair Value	$ 100,390	$ 103,422
Gross Unrealized Losses	$ (22,355)	$ (21,633)
Total
Number of Securities \| security	49	41
Fair Value	$ 164,180	$ 111,935
Gross Unrealized Losses	$ (22,989)	$ (21,720)
U.S. Government Agencies
Less than 12 months
Number of Securities \| security	0	0
Fair Value	$ 0	$ 0
Gross Unrealized Losses	$ 0	$ 0
12 Months or Greater
Number of Securities \| security	1	1
Fair Value	$ 3,894	$ 3,949
Gross Unrealized Losses	$ (1,102)	$ (1,046)
Total
Number of Securities \| security	1	1
Fair Value	$ 3,894	$ 3,949
Gross Unrealized Losses	$ (1,102)	$ (1,046)
Obligations of States and Political Subdivisions
Less than 12 months
Number of Securities \| security	1	0
Fair Value	$ 545	$ 0
Gross Unrealized Losses	$ (1)	$ 0
12 Months or Greater
Number of Securities \| security	6	6
Fair Value	$ 2,799	$ 2,823
Gross Unrealized Losses	$ (140)	$ (113)
Total
Number of Securities \| security	7	6
Fair Value	$ 3,344	$ 2,823
Gross Unrealized Losses	$ (141)	$ (113)
Mortgage-Backed Securities - Government-Sponsored Enterprises
Less than 12 months
Number of Securities \| security	3	0
Fair Value	$ 22,180	$ 0
Gross Unrealized Losses	$ (163)	$ 0
12 Months or Greater
Number of Securities \| security	8	8
Fair Value	$ 16,509	$ 17,135
Gross Unrealized Losses	$ (3,159)	$ (2,986)
Total
Number of Securities \| security	11	8
Fair Value	$ 38,689	$ 17,135
Gross Unrealized Losses	$ (3,322)	$ (2,986)
Collateralized Mortgage Obligations - Government-Sponsored Enterprises
Less than 12 months
Number of Securities \| security	4	1
Fair Value	$ 32,507	$ 5,603
Gross Unrealized Losses	$ (364)	$ (29)
12 Months or Greater
Number of Securities \| security	21	21
Fair Value	$ 69,432	$ 71,796
Gross Unrealized Losses	$ (16,228)	$ (15,723)
Total
Number of Securities \| security	25	22
Fair Value	$ 101,939	$ 77,399
Gross Unrealized Losses	$ (16,592)	$ (15,752)
Collateralized Loan Obligations
Less than 12 months
Number of Securities \| security	2	1
Fair Value	$ 8,558	$ 2,910
Gross Unrealized Losses	$ (106)	$ (58)
12 Months or Greater
Number of Securities \| security	0	0
Fair Value	$ 0	$ 0
Gross Unrealized Losses	$ 0	$ 0
Total
Number of Securities \| security	2	1
Fair Value	$ 8,558	$ 2,910
Gross Unrealized Losses	$ (106)	$ (58)
Corporate Debt
Less than 12 months
Number of Securities \| security	0	0
Fair Value	$ 0	$ 0
Gross Unrealized Losses	$ 0	$ 0
12 Months or Greater
Number of Securities \| security	3	3
Fair Value	$ 7,756	$ 7,719
Gross Unrealized Losses	$ (1,726)	$ (1,765)
Total
Number of Securities \| security	3	3
Fair Value	$ 7,756	$ 7,719
Gross Unrealized Losses	$ (1,726)	$ (1,765)

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Public Funds and Sweep Deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities, available-for-sale, pledged	$ 212	$ 196.8
Public Deposits, Short Term Borrowings and Other
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities, available-for-sale, pledged	$ 165.8	$ 157.3

Securities - Maturities of Inve

Securities - Maturities of Investment Securities Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due in One Year or Less	$ 0
Due after One Year through Five Years	842
Due after Five Years through Ten Years	48,074
Due after Ten Years	203,913
Amortized Cost	252,829	$ 225,854
Fair Value
Due in One Year or Less	0
Due after One Year through Five Years	816
Due after Five Years through Ten Years	45,956
Due after Ten Years	183,082
Total	$ 229,854	$ 204,507

Securities - Gains (Losses) of

Securities - Gains (Losses) of Sales of Available-for-sale Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity Securities
Net Unrealized Loss Recognized on Securities Held	$ (166)	$ (232)
Net Realized Gain Recognized on Securities Sold	0	0
Net Loss on Equity Securities	(166)	(232)
Net Loss on Securities	$ (166)	$ (232)

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) class	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Receivables [Abstract]
Real estate loan classes \| class	3
Net unamortized loan fees	$ 897		$ 1,000
Financing receivable, nonaccrual, interest income	20	$ 33
Mortgage loans in process of foreclosure, amount	$ 1,400		$ 907

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Classification of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,096,343	$ 1,110,396
Allowance for Credit Losses	(9,582)	(9,707)	$ (10,270)	$ (12,819)
Loans, Net	1,086,761	1,100,689
Real Estate \| Residential
Loans and Leases Receivable Disclosure [Line Items]
Loans	346,938	347,808
Allowance for Credit Losses	(2,832)	(3,129)	(2,156)	(2,074)
Real Estate \| Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans	470,430	467,154
Allowance for Credit Losses	(2,948)	(2,630)	(3,056)	(5,810)
Real Estate \| Construction
Loans and Leases Receivable Disclosure [Line Items]
Loans	44,323	43,116
Allowance for Credit Losses	(870)	(639)	(805)	(502)
Commercial and Industrial
Loans and Leases Receivable Disclosure [Line Items]
Loans	103,313	111,278
Allowance for Credit Losses	(1,587)	(1,693)	(1,997)	(2,313)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans	100,576	111,643
Allowance for Credit Losses	(1,084)	(1,367)	(2,098)	(1,517)
Other
Loans and Leases Receivable Disclosure [Line Items]
Loans	30,763	29,397
Allowance for Credit Losses	$ (261)	$ (249)	$ (158)	$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Summary of Loans by Year of Origination (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Total Loans
2024	$ 32,310	$ 157,444
2023	153,551	227,244
2022	221,533	177,387
2021	170,900	133,836
2020	129,300	101,327
Prior	344,457	254,528
Revolving Loans Amortized Cost Basis	44,292	58,630
Total	1,096,343	1,110,396
Gross Charge Offs
2024	0	0
2023	0	163
2022	26	44
2021	1	18
2020	6	2
Prior	13	314
Revolving Loans Amortized Cost Basis	17	48
Total	63	589
Residential
Total Loans
2024	5,648	33,579
2023	33,704	50,937
2022	50,832	45,256
2021	44,189	58,344
2020	57,999	38,008
Prior	140,146	106,752
Revolving Loans Amortized Cost Basis	14,420	14,932
Total	346,938	347,808
Commercial
Total Loans
2024	11,925	57,672
2023	57,415	77,491
2022	74,937	94,315
2021	94,413	51,801
2020	50,029	54,889
Prior	179,638	128,969
Revolving Loans Amortized Cost Basis	2,073	2,017
Total	470,430	467,154
Commercial \| Construction
Total Loans
2024	146	17,811
2023	20,883	14,622
2022	15,330	3,595
2021	1,394	7,088
2020	6,570	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	44,323	43,116
Commercial and Industrial
Total Loans
2024	14,359	31,609
2023	25,647	16,334
2022	15,406	8,652
2021	8,359	5,568
2020	5,269	3,366
Prior	12,882	10,327
Revolving Loans Amortized Cost Basis	21,391	35,422
Total	103,313	111,278
Consumer
Total Loans
2024	232	12,726
2023	11,857	49,027
2022	44,715	25,528
2021	22,508	10,389
2020	8,800	3,786
Prior	6,907	4,779
Revolving Loans Amortized Cost Basis	5,557	5,408
Total	100,576	111,643
Other
Total Loans
2024	0	4,047
2023	4,045	18,833
2022	20,313	41
2021	37	646
2020	633	1,278
Prior	4,884	3,701
Revolving Loans Amortized Cost Basis	851	851
Total	30,763	29,397
Pass \| Residential
Total Loans
2024	5,648	33,579
2023	33,704	49,903
2022	49,806	44,749
2021	43,592	58,344
2020	57,999	38,008
Prior	138,224	104,931
Revolving Loans Amortized Cost Basis	14,420	14,932
Total	343,393	344,446
Pass \| Commercial
Total Loans
2024	11,925	56,466
2023	56,222	72,006
2022	69,494	85,285
2021	88,743	49,356
2020	47,613	49,442
Prior	158,728	112,749
Revolving Loans Amortized Cost Basis	2,073	2,017
Total	434,798	427,321
Pass \| Commercial \| Construction
Total Loans
2024	146	13,322
2023	15,895	12,469
2022	13,047	2,932
2021	731	540
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	29,819	29,263
Pass \| Commercial and Industrial
Total Loans
2024	14,359	31,609
2023	25,647	16,334
2022	15,406	8,652
2021	8,359	5,556
2020	5,260	3,366
Prior	5,573	2,875
Revolving Loans Amortized Cost Basis	18,141	32,172
Total	92,745	100,564
Pass \| Consumer
Total Loans
2024	232	12,726
2023	11,857	49,027
2022	44,691	25,528
2021	22,508	10,365
2020	8,777	3,786
Prior	6,836	4,715
Revolving Loans Amortized Cost Basis	5,557	5,408
Total	100,458	111,555
Pass \| Other
Total Loans
2024	0	4,047
2023	4,045	17,248
2022	18,752	41
2021	37	646
2020	633	1,278
Prior	4,884	3,701
Revolving Loans Amortized Cost Basis	851	851
Total	29,202	27,812
Special Mention \| Residential
Total Loans
2024	0	0
2023	0	1,034
2022	1,026	507
2021	500	0
2020	0	0
Prior	99	345
Revolving Loans Amortized Cost Basis	0	0
Total	1,625	1,886
Special Mention \| Commercial
Total Loans
2024	0	1,206
2023	1,193	5,485
2022	5,443	9,030
2021	5,670	2,445
2020	2,416	2,730
Prior	12,776	10,281
Revolving Loans Amortized Cost Basis	0	0
Total	27,498	31,177
Special Mention \| Commercial \| Construction
Total Loans
2024	0	4,489
2023	4,988	2,153
2022	2,283	663
2021	663	6,548
2020	6,570	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	14,504	13,853
Special Mention \| Commercial and Industrial
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	12
2020	9	0
Prior	3,435	3,215
Revolving Loans Amortized Cost Basis	3,250	3,250
Total	6,694	6,477
Special Mention \| Consumer
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Special Mention \| Other
Total Loans
2024	0	0
2023	0	1,585
2022	1,561	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	1,561	1,585
Substandard \| Residential
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	97	0
2020	0	0
Prior	1,823	1,476
Revolving Loans Amortized Cost Basis	0	0
Total	1,920	1,476
Substandard \| Commercial
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	2,717
Prior	8,134	5,939
Revolving Loans Amortized Cost Basis	0	0
Total	8,134	8,656
Substandard \| Commercial \| Construction
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Substandard \| Commercial and Industrial
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	3,874	4,237
Revolving Loans Amortized Cost Basis	0	0
Total	3,874	4,237
Substandard \| Consumer
Total Loans
2024	0	0
2023	0	0
2022	24	0
2021	0	24
2020	23	0
Prior	71	64
Revolving Loans Amortized Cost Basis	0	0
Total	118	88
Substandard \| Other
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful \| Residential
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful \| Commercial
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful \| Commercial \| Construction
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful \| Commercial and Industrial
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful \| Consumer
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Doubtful \| Other
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| Residential
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| Commercial
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| Commercial \| Construction
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| Commercial and Industrial
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| Consumer
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| Other
Total Loans
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	$ 0	$ 0

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Loans by Aging Categories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans	$ 1,096,343	$ 1,110,396
Non- Accrual	2,189	2,240
Loans Current
Financing Receivable, Past Due [Line Items]
Loans	1,089,418	1,103,523
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	4,736	4,633
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	4,020	4,406
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	716	227
90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate \| Residential
Financing Receivable, Past Due [Line Items]
Loans	346,938	347,808
Non- Accrual	1,727	1,476
Real Estate \| Commercial
Financing Receivable, Past Due [Line Items]
Loans	470,430	467,154
Non- Accrual	344	360
Real Estate \| Construction
Financing Receivable, Past Due [Line Items]
Loans	44,323	43,116
Non- Accrual	0	0
Real Estate \| Loans Current \| Residential
Financing Receivable, Past Due [Line Items]
Loans	342,521	342,852
Real Estate \| Loans Current \| Commercial
Financing Receivable, Past Due [Line Items]
Loans	468,920	466,794
Real Estate \| Loans Current \| Construction
Financing Receivable, Past Due [Line Items]
Loans	44,323	43,116
Real Estate \| Total Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Loans	2,690	3,480
Real Estate \| Total Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Loans	1,166	0
Real Estate \| Total Past Due \| Construction
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate \| 30-59 Days Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Loans	2,347	3,339
Real Estate \| 30-59 Days Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Loans	863	0
Real Estate \| 30-59 Days Past Due \| Construction
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate \| 60-89 Days Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Loans	343	141
Real Estate \| 60-89 Days Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Loans	303	0
Real Estate \| 60-89 Days Past Due \| Construction
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate \| 90 Days Or More Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate \| 90 Days Or More Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real Estate \| 90 Days Or More Past Due \| Construction
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Loans	103,313	111,278
Non- Accrual	0	316
Commercial and Industrial \| Loans Current
Financing Receivable, Past Due [Line Items]
Loans	103,313	110,905
Commercial and Industrial \| Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	57
Commercial and Industrial \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	57
Commercial and Industrial \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial and Industrial \| 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Loans	100,576	111,643
Non- Accrual	118	88
Consumer \| Loans Current
Financing Receivable, Past Due [Line Items]
Loans	99,578	110,459
Consumer \| Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	880	1,096
Consumer \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	810	1,010
Consumer \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	70	86
Consumer \| 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Other
Financing Receivable, Past Due [Line Items]
Loans	30,763	29,397
Non- Accrual	0	0
Other \| Loans Current
Financing Receivable, Past Due [Line Items]
Loans	30,763	29,397
Other \| Total Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Other \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Other \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Other \| 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	$ 0	$ 0

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Nonaccrual TDRs (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	$ 2,189	$ 2,240
Total Nonperforming Assets	1,096,343	1,110,396
TOTAL ASSETS	1,473,089	1,456,091
Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	2,189	2,240
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	2,189	2,240
Total Other Real Estate Owned	0	162
TOTAL ASSETS	2,189	2,402
Real Estate \| Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	1,727	1,476
Total Nonperforming Assets	346,938	347,808
Real Estate \| Residential \| Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	1,727	1,476
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	1,727	1,476
Total Other Real Estate Owned	0	162
Real Estate \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	344	360
Total Nonperforming Assets	470,430	467,154
Real Estate \| Commercial \| Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	344	360
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	344	360
Total Other Real Estate Owned	0	0
Real Estate \| Construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	0	0
Total Nonperforming Assets	44,323	43,116
Real Estate \| Construction \| Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	0
Nonaccrual With ACL	0
Loans Past Due 90 Days Still Accruing	0
Total Nonperforming Assets	0
Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	0	316
Total Nonperforming Assets	103,313	111,278
Commercial and Industrial \| Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	0	316
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	0	316
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With ACL	118	88
Total Nonperforming Assets	100,576	111,643
Consumer \| Nonperforming Financial Instruments
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual With No ACL	118	88
Nonaccrual With ACL	0	0
Loans Past Due 90 Days Still Accruing	0	0
Total Nonperforming Assets	$ 118	$ 88

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 9,707	$ 12,819
Charge-offs	(63)	(53)
Recoveries	81	809
Provision (Recovery) for Credit Losses - Loans		80
Ending balance	9,582	10,270
Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		3,385
Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (Recovery) for Credit Losses - Loans	(143)	80
Real Estate \| Residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,129	2,074
Charge-offs	(1)	0
Recoveries	11	13
Provision (Recovery) for Credit Losses - Loans	(307)	(68)
Ending balance	2,832	2,156
Real Estate \| Residential \| Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		(137)
Real Estate \| Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,630	5,810
Charge-offs	0	0
Recoveries	0	0
Provision (Recovery) for Credit Losses - Loans	318	490
Ending balance	2,948	3,056
Real Estate \| Commercial \| Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		3,244
Real Estate \| Construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	639	502
Charge-offs	0	0
Recoveries	0	0
Provision (Recovery) for Credit Losses - Loans	231	(185)
Ending balance	870	805
Real Estate \| Construction \| Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		(488)
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,693	2,313
Charge-offs	(12)	0
Recoveries	43	758
Ending balance	1,587	1,997
Commercial and Industrial \| Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		1,057
Commercial and Industrial \| Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (Recovery) for Credit Losses - Loans	(137)	(17)
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,367	1,517
Charge-offs	(50)	(53)
Recoveries	27	38
Ending balance	1,084	2,098
Consumer \| Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		(774)
Consumer \| Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (Recovery) for Credit Losses - Loans	(260)	(178)
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	249	0
Charge-offs	0	0
Recoveries	0	0
Ending balance	261	158
Other \| Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		(120)
Other \| Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (Recovery) for Credit Losses - Loans	$ 12	38
Unallocated
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		603
Charge-offs		0
Recoveries		0
Ending balance		0
Unallocated \| Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		603
Unallocated \| Loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (Recovery) for Credit Losses - Loans		$ 0

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Schedule of Finance Receivable Allowance for Unfunded Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	$ 9,707	$ 12,819
Ending balance	9,582	10,270
Unfunded Commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	500	0
Provision for Credit Losses - Unfunded Commitments	(106)	0
Ending balance	$ 606	718
Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		3,385
Cumulative Effect, Period of Adoption, Adjustment \| Adoption of Accounting Standard ASU 2016-13 \| Unfunded Commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance		$ 718

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Oct. 31, 2023
Risk Participation Agreement \| Derivatives not Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Value Adjustment	$ (103)	$ (94)
Notional Amount	16,588	9,119
Interest Rate Swap \| Derivatives Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Value Adjustment	(644)	(1,777)
Notional Amount	$ 75,000	$ 75,000	$ 75,000

Fair Value Disclosure - Assets

Fair Value Disclosure - Assets and Liabilities Reported Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 229,854	$ 204,507
Total Equity Securities	2,422	2,588
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	229,854	204,507
Total Equity Securities	2,422	2,588
Total Securities	232,276	207,095
Total Assets	232,276	207,095
Total Liabilities	747	1,871
U.S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,894	3,949
Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,344	3,373
Mortgage-Backed Securities - Government-Sponsored Enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	53,316	54,532
Collateralized Mortgage Obligations - Government-Sponsored Enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	101,940	105,130
Collateralized Loan Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	59,604	29,804
Corporate Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,756	7,719
Mutual Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Equity Securities	880	888
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Equity Securities	1,542	1,700
Level 2 \| Fair Value, Recurring \| Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Liabilities	644	1,777
Level 2 \| Fair Value, Recurring \| Risk Participation Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Liabilities	103	94
Level 2 \| U.S. Government Agencies \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,894	3,949
Level 2 \| Obligations of States and Political Subdivisions \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,344	3,373
Level 2 \| Mortgage-Backed Securities - Government-Sponsored Enterprises \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	53,316	54,532
Level 2 \| Collateralized Mortgage Obligations - Government-Sponsored Enterprises \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	101,940	105,130
Level 2 \| Collateralized Loan Obligations \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	59,604	29,804
Level 2 \| Corporate Debt \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	7,756	7,719
Level 1 \| Mutual Funds \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Equity Securities	880	888
Level 1 \| Other \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Equity Securities	$ 1,542	$ 1,700

Fair Value Disclosure - Signifi

Fair Value Disclosure - Significant Unobservable Inputs Used in the Fair Value Measurements (Details) - Level 3 - Fair Value, Nonrecurring $ in Thousands	Dec. 31, 2023 USD ($)
Financial Assets:
Individually Evaluated Loans	$ 0
Measurement Input, Comparability Adjustment \| Weighted Average
Range
Individually Evaluated Loans	1
Appraisal of Collateral \| Appraisal Adjustments \| Minimum
Range
Individually Evaluated Loans	1
Appraisal of Collateral \| Appraisal Adjustments \| Maximum
Range
Individually Evaluated Loans	1

Fair Value Disclosure - Narrati

Fair Value Disclosure - Narrative (Details) $ in Thousands	12 Months Ended
Fair Value Disclosure - Narrative (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Fair Value Disclosures [Abstract]
OREO outstanding	$ 37
OREO write-downs	$ 37

Fair Value Disclosure - Estimat

Fair Value Disclosure - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial Assets:
Fair Value	$ 229,854	$ 204,507
Other Borrowed Funds
Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	true	true
Carrying Value
Financial Assets:
Fair Value	$ 232,276	$ 207,095
Fair Value
Financial Assets:
Fair Value	232,276	207,095
Level 1 \| Carrying Value
Financial Assets:
Interest-Earning	67,006	62,442
Noninterest-Earning	6,685	5,781
Level 1 \| Fair Value
Financial Assets:
Interest-Earning	67,006	62,442
Noninterest-Earning	6,685	5,781
Level 3 \| Carrying Value
Financial Assets:
Loans, Net	1,086,761	1,100,689
Mortgage Servicing Rights	517	540
Level 3 \| Fair Value
Financial Assets:
Loans, Net	1,045,267	1,051,722
Mortgage Servicing Rights	973	974
Level 2 \| Carrying Value
Financial Assets:
Loans Held for Sale	200	0
Restricted Stock	3,168	3,345
Accrued Interest Receivable	5,248	5,086
Financial Liabilities:
Deposits	1,262,494	1,267,159
Other Borrowed Funds
FHLB Borrowings	20,000	20,000
Derivative Financial Liabilities	747	1,871
Subordinated Debt	14,688	14,678
Accrued Interest Payable	2,213	1,814
Level 2 \| Fair Value
Financial Assets:
Loans Held for Sale	200	0
Restricted Stock	3,168	3,345
Accrued Interest Receivable	5,248	5,086
Financial Liabilities:
Deposits	1,259,793	1,263,574
Other Borrowed Funds
FHLB Borrowings	19,932	19,962
Derivative Financial Liabilities	747	1,871
Subordinated Debt	13,307	13,378
Accrued Interest Payable	$ 2,213	$ 1,814

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Unused and Available Credit Balances of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Total Commitments	$ 146,106	$ 146,092
Standby Letters of Credit
Loss Contingencies [Line Items]
Total Commitments	110	110
Performance Letters of Credit
Loss Contingencies [Line Items]
Total Commitments	795	895
Construction Mortgages
Loss Contingencies [Line Items]
Total Commitments	43,484	47,034
Personal Lines of Credit
Loss Contingencies [Line Items]
Total Commitments	7,313	7,185
Overdraft Protection Lines
Loss Contingencies [Line Items]
Total Commitments	1,980	2,025
Home Equity Lines of Credit
Loss Contingencies [Line Items]
Total Commitments	24,677	24,176
Commercial Lines of Credit
Loss Contingencies [Line Items]
Total Commitments	$ 67,747	$ 64,667

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	Mar. 29, 2024	Mar. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]		Accrued Interest Receivable and Other Assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]		Accrued Interest Payable and Other Liabilities
Operating lease ROU asset		$ 2,651	$ 1,673
Lease liability		$ 2,749
Rostraver, Pennsylvania
Lessee, Lease, Description [Line Items]
Sale and leaseback sales price	$ 1,100
Sale and leaseback pre-tax net gain	$ 274
Sale and leaseback term	20 years
Sale and leaseback annual rent escalation	2%
Operating lease ROU asset	$ 1,000
Lease liability	$ 1,000

Leases - Operating Leases (Deta

Leases - Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Leases [Abstract]
Operating Lease Expense	$ 77	$ 77
Variable Lease Expense	8	7
Total Lease Expense	85	$ 84
Operating Leases:
ROU Assets	$ 2,651		$ 1,673
Weighted Average Lease Term in Years	12 years 1 month 20 days		7 years 6 months
Weighted Average Discount Rate	4.04%		2.86%

Leases - Maturity of Operating

Leases - Maturity of Operating Lease (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
Due in One Year	$ 420
Due After One Year to Two Years	321
Due After Two Years to Three Years	308
Due After Three Years to Four Years	307
Due After Four to Five Years	273
Due After Five Years	2,005
Total	3,634
Less: Present Value Discount	885
Lease Liabilities	$ 2,749

Segment and Related Informati_3

Segment and Related Information - Narrative (Details) $ in Millions			3 Months Ended	12 Months Ended
	Dec. 08, 2023 USD ($)	Dec. 01, 2023 USD ($)	Mar. 31, 2024 segment	Dec. 31, 2023 segment
Segment Reporting Information [Line Items]
Number of operating segments \| segment			1	2
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Exchange Underwriters
Segment Reporting Information [Line Items]
Cash transferred		$ 30.5
Net Gain on Sale of Branches	$ 24.6

Segment and Related Informati_4

Segment and Related Information - Reconciliation of Financial Data from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Assets	$ 1,473,089		$ 1,456,091
Liabilities	1,331,499		1,316,257
Stockholders' Equity	141,590	$ 117,195	139,834	$ 110,155
Interest and Dividend Income	17,986	14,244
Interest Expense	6,395	2,661
Net Interest and Dividend Income	11,591	11,583
Provision for Credit Losses		80
Net Interest and Dividend Income After Net Recovery for Credit Losses	11,628	11,503
Noninterest Income (Loss)	1,916	2,810
Noninterest Expense	8,428	9,028
Undistributed Net Income of Subsidiary	0	0
Income Before Income Tax Expense	5,116	5,285
Income Tax Expense (Benefit)	920	1,129
Net Income	4,196	4,156
Loans
Segment Reporting Information [Line Items]
Provision for Credit Losses	(143)	80
Unfunded Commitments
Segment Reporting Information [Line Items]
Provision for Credit Losses	106	0
Operating Segments \| CB Financial Services, Inc.
Segment Reporting Information [Line Items]
Undistributed Net Income of Subsidiary	3,150	3,187
Operating Segments \| Community Bank
Segment Reporting Information [Line Items]
Assets	1,471,305		1,452,469
Liabilities	1,332,128		1,315,110
Stockholders' Equity	139,177		137,359
Interest and Dividend Income	17,965	14,223
Interest Expense	6,240	2,506
Net Interest and Dividend Income	11,725	11,717
Provision for Credit Losses		80
Net Interest and Dividend Income After Net Recovery for Credit Losses	11,762	11,637
Noninterest Income (Loss)	2,074	1,100
Noninterest Expense	8,423	7,924
Undistributed Net Income of Subsidiary	0	608
Income Before Income Tax Expense	5,413	5,421
Income Tax Expense (Benefit)	983	959
Net Income	4,430	4,462
Operating Segments \| Community Bank \| Loans
Segment Reporting Information [Line Items]
Provision for Credit Losses	(143)
Operating Segments \| Community Bank \| Unfunded Commitments
Segment Reporting Information [Line Items]
Provision for Credit Losses	106
Operating Segments \| Insurance Brokerage Services Segment \| Exchange Underwriters, Inc.
Segment Reporting Information [Line Items]
Assets	28,771		28,830
Liabilities	7,512		7,571
Stockholders' Equity	21,259		21,259
Interest and Dividend Income	0	2
Interest Expense	0	0
Net Interest and Dividend Income	0	2
Provision for Credit Losses		0
Net Interest and Dividend Income After Net Recovery for Credit Losses	0	2
Noninterest Income (Loss)	0	1,956
Noninterest Expense	0	1,099
Undistributed Net Income of Subsidiary	0	0
Income Before Income Tax Expense	0	859
Income Tax Expense (Benefit)	0	251
Net Income	0	608
Operating Segments \| Insurance Brokerage Services Segment \| Exchange Underwriters, Inc. \| Loans
Segment Reporting Information [Line Items]
Provision for Credit Losses	0
Operating Segments \| Insurance Brokerage Services Segment \| Exchange Underwriters, Inc. \| Unfunded Commitments
Segment Reporting Information [Line Items]
Provision for Credit Losses	0
Operating Segments \| Insurance Brokerage Services Segment \| CB Financial Services, Inc.
Segment Reporting Information [Line Items]
Assets	156,604		154,698
Liabilities	15,014		14,864
Stockholders' Equity	141,590		139,834
Interest and Dividend Income	1,301	1,294
Interest Expense	155	155
Net Interest and Dividend Income	1,146	1,139
Provision for Credit Losses		0
Net Interest and Dividend Income After Net Recovery for Credit Losses	1,146	1,139
Noninterest Income (Loss)	(158)	(246)
Noninterest Expense	5	5
Income Before Income Tax Expense	4,133	4,075
Income Tax Expense (Benefit)	(63)	(81)
Net Income	4,196	4,156
Operating Segments \| Insurance Brokerage Services Segment \| CB Financial Services, Inc. \| Loans
Segment Reporting Information [Line Items]
Provision for Credit Losses	0
Operating Segments \| Insurance Brokerage Services Segment \| CB Financial Services, Inc. \| Unfunded Commitments
Segment Reporting Information [Line Items]
Provision for Credit Losses	0
Net Eliminations
Segment Reporting Information [Line Items]
Assets	(183,591)		(179,906)
Liabilities	(23,155)		(21,288)
Stockholders' Equity	(160,436)		$ (158,618)
Interest and Dividend Income	(1,280)	(1,275)
Interest Expense	0	0
Net Interest and Dividend Income	(1,280)	(1,275)
Provision for Credit Losses		0
Net Interest and Dividend Income After Net Recovery for Credit Losses	(1,280)	(1,275)
Noninterest Income (Loss)	0	0
Noninterest Expense	0	0
Undistributed Net Income of Subsidiary	(3,150)	(3,795)
Income Before Income Tax Expense	(4,430)	(5,070)
Income Tax Expense (Benefit)	0	0
Net Income	(4,430)	$ (5,070)
Net Eliminations \| Loans
Segment Reporting Information [Line Items]
Provision for Credit Losses	0
Net Eliminations \| Unfunded Commitments
Segment Reporting Information [Line Items]
Provision for Credit Losses	$ 0

Stock Based Compensation - Stoc

Stock Based Compensation - Stock Option Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Number of Shares
Beginning balance (in shares)	337,444
Granted (in shares)	93,950
Exercised (in shares)	0
Forfeited (in shares)	(3,128)
Ending balance (in shares)	428,266	337,444
Exercisable (in shares)	233,957
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ 24.11
Granted (in dollars per share)	22.12
Exercised (in dollars per share)	0
Forfeited (in dollars per share)	24.14
Ending balance (in dollars per share)	23.67	$ 24.11
Exercisable (in dollars per share)	$ 24.32
Weighted Average Remaining Contractual Life in Years
Outstanding	5 years 7 months 6 days	5 years 7 months 6 days
Exercisable	3 years 3 months 18 days

Stock Based Compensation - Nonv

Stock Based Compensation - Nonvested Stock Option Activity (Details)	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Number of Shares
Nonvested (in shares) \| shares	194,309
Weighted Average Exercise Price
Nonvested (in dollars per share) \| $ / shares	$ 22.90
Weighted Average Remaining Contractual Life in Years
Nonvested (in years)	8 years 3 months 18 days

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Significant Assumptions for Newly Issued Stock Options (Details) - Stock Options	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Term in Years	6 years 6 months
Expected Volatility	30.40%
Expected Dividends \| $	$ 1
Risk Free Rate of Return	3.98%
Weighted Average Grant Date Fair Value (per share) \| $ / shares	$ 4.81

Share Based Compensation - Rest

Share Based Compensation - Restricted Stock Award Activity (Details) - Restricted Stock - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Number of Shares
Beginning balance (in shares)	68,777
Granted (in shares)	25,410
Vested (in shares)	(7,713)
Forfeited (in shares)	(1,650)
Ending balance (in shares)	84,824	68,777
Weighted Average Grant Date Fair Value Price
Beginning balance (in dollars per share)	$ 23.16
Granted (in dollars per share)	22.12
Vested (in dollars per share)	24.05
Forfeited (in dollars per share)	22.48
Ending balance (in dollars per share)	$ 22.78	$ 23.16
Weighted Average Remaining Contractual Life in Years
Nonvested	3 years 2 months 12 days	3 years 9 months 18 days

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount	$ 905		$ 505
Share-based Payment arrangement, nonvested award, excluding option, cost not yet recognized, amount	1,800		1,400
Share-based compensation arrangement by share-based payment award, options, outstanding, intrinsic value	$ 27		$ 335
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	5 years
Stock-based compensation expense	$ 178	$ 174
Number of shares authorized (in shares)	6,489		161,464
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	5 years
Stock-based compensation expense	$ 178	$ 174
Number of shares authorized (in shares)	2,596		64,586
Reduction of shares over threshold (in shares)	2.5

Uncategorized Items - cbfv-2024

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]