Meridian (MRBK) 10-Q9 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	May 06, 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	000-55983
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	83-1561918
Entity Address, Address Line One	9 Old Lincoln Highway
Entity Address, City or Town	Malvern
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19355
City Area Code	484
Local Phone Number	568-5000
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	MRBK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,185,515
Entity Registrant Name	Meridian Corp
Entity Central Index Key	0001750735
Amendment Flag	false
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 8,935	$ 10,067
Interest-bearing deposits at other banks	14,092	46,630
Cash and cash equivalents	23,027	56,697
Securities available-for-sale, at fair value (amortized cost of $161,865 and $156,492, respectively)	150,996	146,019
Securities held-to-maturity, at amortized cost (fair value of $32,003 and $32,730, respectively)	35,157	35,781
Equity investments	2,092	2,121
Mortgage loans held for sale	29,124	24,816
Loans, net of fees and costs	1,956,315	1,895,806
Allowance for credit losses	(23,171)	(22,107)
Loans and other finance receivables, net of the allowance for credit losses	1,933,144	1,873,699
Restricted investment in bank stock	8,560	8,072
Bank premises and equipment, net	13,451	13,557
Bank owned life insurance	29,051	28,844
Accrued interest receivable	9,864	9,325
Other real estate owned	1,703	1,703
Deferred income taxes	4,339	4,201
Servicing assets	11,573	11,748
Goodwill	899	899
Intangible assets	2,920	2,971
Other assets	37,023	25,740
Total assets	2,292,923	2,246,193
Deposits:
Non-interest bearing	220,581	239,289
Interest bearing	1,680,115	1,584,173
Total deposits	1,900,696	1,823,462
Borrowings	145,803	174,896
Subordinated debentures	49,867	49,836
Accrued interest payable	8,350	10,324
Other liabilities	28,271	29,653
Total liabilities	2,132,987	2,088,171
Stockholders’ equity:
Common stock, $1 par value per share. $25,000,000 shares authorized; $13,188,698 and $13,186,198 shares issued and $11,185,515 and $11,183,015 shares outstanding, respectively	13,189	13,186
Surplus	80,487	80,325
Treasury stock, 2,003,183 and 2,003,183 shares, respectively, at cost	(26,079)	(26,079)
Unearned common stock held by employee stock ownership plan	(1,204)	(1,204)
Retained earnings	102,492	101,216
Accumulated other comprehensive loss	(8,949)	(9,422)
Total stockholders’ equity	159,936	158,022
Total liabilities and stockholders’ equity	$ 2,292,923	$ 2,246,193

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Securities available-for-sale, amortized cost	$ 161,865	$ 156,492
Securities, held-to-maturity, fair value	$ 32,003	$ 32,730
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	25,000,000	25,000,000
Common stock, issued (in shares)	13,188,698	13,186,198
Common stock, outstanding (in shares)	11,185,515	11,183,015
Treasury stock held (in shares)	2,003,183	2,003,183

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans and other finance receivables, including fees	$ 35,339	$ 29,417
Securities - taxable	1,251	959
Securities - tax-exempt	325	354
Cash and cash equivalents	300	217
Total interest income	37,215	30,947
Interest expense:
Deposits	17,392	11,447
Borrowings	3,214	1,823
Total interest expense	20,606	13,270
Net interest income	16,609	17,677
Provision (recovery of provision) for credit losses	2,866	1,399
Net interest income after provision for credit losses	13,743	16,278
Non-interest income:
Mortgage banking income	$ 3,634	$ 3,272
Type of Revenue, Extensible List	Investment Advice [Member]	Investment Advice [Member]
Wealth management income	$ 1,317	$ 1,196
SBA loan income	986	713
Earnings on investment in life insurance	207	192
Net change in the fair value of derivative instruments	75	(69)
Net change in the fair value of loans held-for-sale	(2)	(1)
Net change in the fair value of loans held-for-investment	(175)	117
Net (loss) gain on hedging activity	(19)	0
Other	1,961	1,218
Total non-interest income	7,984	6,638
Non-interest expense:
Salaries and employee benefits	10,573	11,061
Occupancy and equipment	1,233	1,244
Professional fees	1,498	823
Advertising and promotion	748	861
Data processing and software	1,532	1,432
Pennsylvania bank shares tax	274	245
Other	2,316	2,123
Total non-interest expense	18,174	17,789
Income before income taxes	3,553	5,127
Income tax expense	877	1,106
Net income	$ 2,676	$ 4,021
Basic earnings per common share (in USD per share)	$ 0.24	$ 0.36
Diluted earnings per common share (in USD per share)	$ 0.24	$ 0.34
Basic weighted average shares outstanding (in shares)	11,088	11,272
Diluted weighted average shares outstanding (in shares)	11,201	11,656

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income:	$ 2,676	$ 4,021
Net change in unrealized (losses) gains on investment securities available for sale:
Change in fair value of investment securities, net of tax of $(98) and $460, respectively	(298)	1,670
Reclassification adjustment for investment securities transferred to held-to-maturity, net of tax effect of $7 and $0, respectively	22	0
Other Comprehensive Income (Loss), Available-for-Sale Securities Adjustment, Net of Tax, Portion Attributable to Parent, Total	(276)	1,670
Net change in unrealized gains on interest rate swaps used in cash flow hedges, net of tax effect of $(247) and $0, respectively	749	0
Total other comprehensive income	473	1,670
Total comprehensive income	$ 3,149	$ 5,691

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Tax expense (benefit) on unrealized gains arising during the period	$ (98)	$ 460
Tax expense (benefit) on reclassification adjustment for transfer to held-to-maturity	(7)	0
Tax expense (benefit) on unrealized investment gains (losses)	(90)	460
Tax expense (benefit) on unrealized gains (losses) on interest rate swaps used in cash flow hedges	$ (247)	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Surplus	Treasury Stock	Unearned ESOP	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	AOCI
Balance beginning of the period at Dec. 31, 2022	$ 153,280	$ (2,228)	$ 13,156	$ 79,072	$ (21,821)	$ (1,403)	$ 95,815	$ (2,228)	$ (11,539)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,021						4,021
Other comprehensive income	1,670								1,670
Dividends declared	(1,428)						(1,428)
Net purchase of treasury stock through publicly announced plans	(2,691)				(2,691)
Common stock issued through share-based awards and exercises	148		24	124
Stock based compensation expense	277			277
Balance ending of the period at Mar. 31, 2023	153,049		13,180	79,473	(24,512)	(1,403)	96,180		(9,869)
Balance beginning of the period at Dec. 31, 2023	158,022		13,186	80,325	(26,079)	(1,204)	101,216		(9,422)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,676						2,676
Other comprehensive income	473								473
Dividends declared	(1,400)						(1,400)
Common stock issued through share-based awards and exercises	23		3	20
Stock based compensation expense	142			142
Balance ending of the period at Mar. 31, 2024	$ 159,936		$ 13,189	$ 80,487	$ (26,079)	$ (1,204)	$ 102,492		$ (8,949)

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.125	$ 0.125
Treasury stock (in shares)		184,598

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Cash Flows [Abstract]
Net income	$ 2,676	$ 4,021
Adjustments to reconcile net income to net cash used in operating activities:
Net amortization of investment premiums and discounts and change in fair value of equity securities	240	373
Depreciation and amortization (accretion), net	1,780	(2)
Provision for credit losses	2,866	1,399
Amortization of issuance costs on subordinated debt	31	27
Stock based compensation	142	277
Net change in fair value of derivative instruments	(75)	69
Net change in fair value of loans held for sale	2	1
Net change in fair value of loans held for investment	175	(117)
Amortization and net impairment of servicing rights	479	435
SBA loan income	(986)	(713)
Proceeds from sale of loans	143,457	136,837
Loans originated for sale	(144,437)	(147,238)
Mortgage banking income	(3,634)	(3,272)
Increase in accrued interest receivable	(539)	(288)
Increase in other assets	(353)	(1,607)
Earnings from investment in bank owned life insurance	(207)	(192)
Increase in deferred income tax	(251)	(54)
(Decrease) increase in accrued interest payable	(1,974)	1,447
Decrease in other liabilities	(1,098)	(2,803)
Net cash used in operating activities	(1,706)	(11,400)
Activity in available-for-sale securities:
Maturities, repayments and calls	3,554	2,222
Purchases	(9,068)	(10,702)
Activity in held-to-maturity securities:
Maturities, repayments and calls	554	865
Increase in restricted stock	(488)	(3,242)
Net increase in loans	(71,370)	(73,057)
Purchases of premises and equipment	(1,910)	(284)
Net cash used in investing activities	(78,728)	(84,198)
Cash flows from financing activities:
Net increase in deposits	77,234	57,934
(Decrease) increase in short-term borrowings	(29,093)	108,368
Increase in long-term debt	0	3,433
Repayment of subordinated debt	0	(54)
Net purchase of treasury stock	0	(2,691)
Dividends paid	(1,400)	(1,428)
Share based awards and exercises	23	148
Net cash provided by financing activities	46,764	165,710
Net change in cash and cash equivalents	(33,670)	70,112
Cash and cash equivalents at beginning of period	56,697	38,391
Cash and cash equivalents at end of period	23,027	108,503
Cash paid during the period for:
Interest	22,580	11,823
Net loans sold, not settled	$ 10,631	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The Corporation’s unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial position and the results of operations for the interim periods presented have been included. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Amounts subject to significant estimates are items such as the allowance for credit losses, lending related commitments and the related unfunded commitment reserve, the fair value of financial instruments, other-than-temporary impairments of investment securities, and the valuations of goodwill, intangible assets, and servicing assets. These unaudited consolidated financial statements should be read in conjunction with the Corporation’s filings with the SEC (including our Annual Report on Form 10-K for the year ended December 31, 2023), subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K that update or provide information in addition to the information included in Form 10-K and Form 10-Q filings, if any. Certain prior period amounts have been reclassified to conform with current period presentation. Reclassifications had no effect on net income or stockholders’ equity. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results for the year ending December 31, 2024 or for any other period. Stock Split On February 28, 2023, the Corporation approved and declared a two-for-one stock split in the form of a stock dividend, paid March 20, 2023, to shareholders of record as of March 14, 2023. Under the terms of the stock split, the Corporation’s shareholders received a dividend of one share for every share held on the record date. The dividend was paid in authorized but unissued shares of common stock of the Corporation. The par value of the Corporation's stock was not affected by the split and remained at $1.00 per share. All share and per share amounts reported in the consolidated financial statements have been adjusted to reflect the two-for-one stock split. Pronouncements Adopted in 2024 FASB ASU 2020-06, “Debt With Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” This ASU clarifies the accounting for certain financial instruments with characteristics of liabilities and equity. The amendments in this update reduce the number of accounting models for convertible debt instruments and convertible preferred stock by removing the cash conversion model and the beneficial conversion feature models. For public business entities that meet the definition of an SEC filer (excluding smaller reporting entities), the amendments are effective for fiscal years beginning after Dec. 15, 2021, and interim periods within. For all other entities, the amendments are effective for fiscal years beginning after Dec. 15, 2023, and interim periods within. Adoption of this standard did not have a material impact on our consolidated financial statements. FASB ASU 2023-02, "Investments Equity Method and Joint Ventures (Topic 323) Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method" In March 2023, the FASB issued ASU 2023-02, Investments Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method to allow reporting entities to consistently account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits. If certain conditions are met, a reporting entity may elect to account for its tax equity investments by using the proportional amortization method regardless of the program from which it receives income tax credits, instead of only LIHTC structures. This amendment also eliminates certain LIHTC specific guidance aligning the accounting with other equity investments in tax credit structures. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Adoption of this standard did not have a material effect on our consolidated financial statements. Pronouncements Not Yet Effective as of March 31, 2024: FASB ASU 2020-04 (Topic 848), “Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” Issued in March 2020, ASU 2020-04 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The Corporation does not have a significant concentration of loans, derivative contracts, borrowings or other financial instruments with attributes that are either directly or indirectly dependent on LIBOR. The Corporation expects to adopt the LIBOR transition relief allowed under this standard throughout 2024. FASB ASU 2023-07, “Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures” The amendments in this update improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this update also do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Corporation is currently evaluating the impact on its results of operation, financial position, liquidity, and disclosures. FASB ASU 2023-09, “Income Taxes (Topic 740) Improvements to Income Tax Disclosures” The amendments in this update address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This update also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in this update are effective for fiscal years beginning after December 15, 2024 and are to be applied on a prospective basis. Early adoption is permitted.The Corporation is currently evaluating the impact on its disclosures. FASB ASU 2024-01 Stock Compensation - Scope Application of Profits Interest and Similar Awards The amendments in this update improve the understandability of paragraph 718-10-15-3 apply to all entities that enter into share-based payments transactions. The amendments in this update are effective for fiscal years beginning after December 15, 2024 and are to be applied on a prospective basis. The Corporation is currently evaluating the impact on its disclosures.

Earnings per Common Share

Earnings per Common Share	3 Months Ended
Earnings per Common Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period reduced by unearned ESOP Plan shares and treasury shares. Diluted earnings per common share takes into account the potential dilution computed pursuant to the treasury stock method that could occur if stock options were exercised and converted into common stock, if restricted stock awards were vested, and if SERP plan liabilities were satisfied with common shares. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be anti-dilutive. Three months ended (dollars in thousands, except per share data) 2024 2023 Numerator for earnings per share: Net income available to common stockholders $ 2,676 $ 4,021 Denominators for earnings per share: Weighted average shares outstanding 11,245 11,456 Average unearned ESOP shares (157) (184) Basic weighted averages shares outstanding 11,088 11,272 Dilutive effects of assumed exercises of stock options 113 230 Dilutive effects of SERP shares — 154 Diluted weighted averages shares outstanding 11,201 11,656 Basic earnings per share $ 0.24 $ 0.36 Diluted earnings per share $ 0.24 $ 0.34 Antidilutive shares excluded from computation of average dilutive earnings per share 585 463

Securities

Securities	3 Months Ended
Securities	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The following tables presents the amortized cost, allowance for credit losses, and fair value of securities at the dates indicated: March 31, 2024 (dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Allowance for credit losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 19,285 $ 43 $ (175) $ — $ 19,153 10 U.S. government agency MBS 22,539 251 (443) — 22,347 13 U.S. government agency CMO 25,440 — (2,321) — 23,119 31 State and municipal securities 39,911 — (4,180) — 35,731 31 U.S. Treasuries 32,983 — (2,665) — 30,318 25 Non-U.S. government agency CMO 13,507 89 (535) — 13,061 10 Corporate bonds 8,200 — (933) — 7,267 13 Total securities available-for-sale $ 161,865 $ 383 $ (11,252) $ — $ 150,996 133 Amortized cost Gross unrecognized gains Gross unrecognized losses Allowance for credit losses Fair value # of Securities in unrecognized loss position Securities held to maturity: State and municipal securities $ 35,157 $ 20 $ (3,174) $ — $ 32,003 21 Total securities held-to-maturity $ 35,157 $ 20 $ (3,174) $ — $ 32,003 21 December 31, 2023 Amortized cost Gross unrealized gains Gross unrealized losses Allowance for credit losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 17,012 $ 25 $ (213) $ — $ 16,824 11 U.S. government agency MBS 22,750 364 (480) — 22,634 14 U.S. government agency CMO 21,850 — (2,277) — 19,573 30 State and municipal securities 40,093 — (3,877) — 36,216 31 U.S. Treasuries 32,982 — (2,560) — 30,422 25 Non-U.S. government agency CMO 13,605 102 (552) — 13,155 9 Corporate bonds 8,200 — (1,005) — 7,195 13 Total securities available-for-sale $ 156,492 $ 491 $ (10,964) $ — $ 146,019 133 Amortized cost Gross unrecognized gains Gross unrecognized losses Allowance for credit losses Fair value # of Securities in unrecognized loss position Securities held to maturity: State and municipal securities $ 35,781 $ 52 $ (3,103) $ — $ 32,730 21 Total securities held-to-maturity $ 35,781 $ 52 $ (3,103) $ — $ 32,730 21 Although the Corporation’s investment portfolio overall is in a net unrealized loss position at March 31, 2024, the temporary impairment in the above noted securities is primarily the result of changes in market interest rates subsequent to purchase and it is more likely than not that the Corporation will not be required to sell these securities prior to recovery to satisfy liquidity needs, and therefore, no securities are deemed to be other-than-temporarily impaired. The following table shows the Corporation’s investment gross unrealized losses and fair value aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position at the dates indicated: March 31, 2024 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses Securities available-for-sale: U.S. asset backed securities $ 5,729 $ (32) $ 5,207 $ (143) $ 10,936 $ (175) U.S. government agency MBS 3,653 (70) 8,255 (373) 11,908 (443) U.S. government agency CMO 4,837 (57) 18,282 (2,264) 23,119 (2,321) State and municipal securities — — 35,731 (4,180) 35,731 (4,180) U.S. Treasuries — — 30,318 (2,665) 30,318 (2,665) Non-U.S. government agency CMO 2,438 (14) 5,937 (521) 8,375 (535) Corporate bonds 907 (94) 6,360 (839) 7,267 (933) Total securities available-for-sale $ 17,564 $ (267) $ 110,090 $ (10,985) $ 127,654 $ (11,252) Less than 12 Months 12 Months or more Total Fair Unrecognized Fair Unrecognized Fair Unrecognized Securities held-to-maturity: State and municipal securities $ 1,067 $ (2) $ 29,631 $ (3,172) $ 30,698 $ (3,174) Total securities held-to-maturity $ 1,067 $ (2) $ 29,631 $ (3,172) $ 30,698 $ (3,174) December 31, 2023 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Securities available-for-sale: U.S. asset backed securities $ 4,981 $ (25) $ 6,195 $ (188) $ 11,176 $ (213) U.S. government agency MBS 4,864 (35) 8,170 (445) 13,034 (480) U.S. government agency CMO 2,687 (36) 16,886 (2,241) 19,573 (2,277) State and municipal securities — — 36,216 (3,877) 36,216 (3,877) U.S. Treasuries — — 30,422 (2,560) 30,422 (2,560) Non-U.S. government agency CMO 1,127 (4) 6,065 (548) 7,192 (552) Corporate bonds 907 (93) 6,288 (912) 7,195 (1,005) Total securities available-for-sale $ 14,566 $ (193) $ 110,242 $ (10,771) $ 124,808 $ (10,964) Less than 12 Months 12 Months or more Total Fair Unrecognized Fair Unrecognized Fair Unrecognized Securities held-to-maturity: State and municipal securities $ 1,021 $ (6) $ 29,404 $ (3,097) $ 30,425 $ (3,103) Total securities held-to-maturity $ 1,021 $ (6) $ 29,404 $ (3,097) $ 30,425 $ (3,103) The amortized cost and carrying value of securities are shown below by contractual maturities at the dates indicated. Actual maturities may differ from contractual maturities as issuers may have the right to call or repay obligations with or without call or prepayment penalties. March 31, 2024 Available-for-sale Held-to-maturity (dollars in thousands) Amortized cost Fair value Amortized cost Fair value Due in one year or less $ — $ — $ — $ — Due after one year through five years 32,983 30,318 3,334 3,212 Due after five years through ten years 16,509 15,036 4,337 3,677 Due after ten years 50,887 47,115 27,486 25,114 Subtotal 100,379 92,469 35,157 32,003 Mortgage-related securities 61,486 58,527 — — Total $ 161,865 $ 150,996 $ 35,157 $ 32,003 There were no sales of investment securities available for sale for the three month ended March 31, 2024, or 2023. ACL on Securities AFS and HTM We use credit ratings quarterly and the most recent financial information of securities' issuers annually to help evaluate the credit quality of our securities AFS and HTM portfolios on a quarterly basis. The securities portfolio consists primarily of U.S. government treasuries and U.S. government agency asset backed securities which have no probability of default. The remaining portfolio consists of highly rated municipal bonds, non-agency CMO, and corporate bonds that have a low probability of default. For the three months ended March 31, 2024 and 2023, we had no significant ACL or provision expense and no charge-offs or recoveries on AFS or HTM securities. Pledged Securities As of March 31, 2024 and December 31, 2023, securities having a carrying value of $57.8 million and $60.1 million, respectively, were specifically pledged as collateral for public funds, the FRB discount window program, FHLB borrowings and other purposes. The FHLB has a blanket lien on non-pledged, mortgage-related loans and securities as part of the Corporation’s borrowing agreement with the FHLB.

Loans and Other Finance Receiva

Loans and Other Finance Receivables	3 Months Ended
Loans and Other Finance Receivables	Mar. 31, 2024
Receivables [Abstract]
Loans and Other Finance Receivables	Loans and Other Finance Receivables The following table presents loans and other finance receivables detailed by category at the dates indicated: (dollars in thousands) March 31, December 31, Real estate loans: Commercial mortgage $ 763,356 $ 737,863 Home equity lines and loans 76,746 76,287 Residential mortgage 262,837 260,604 Construction 263,072 246,440 Total real estate loans 1,366,011 1,321,194 Commercial and industrial 328,148 302,891 Small business loans 146,604 142,342 Consumer 381 389 Leases, net 108,892 121,632 Total loans $ 1,950,036 $ 1,888,448 Balances included in loans, net of fees and costs: Residential mortgage real estate loans accounted under fair value option, at fair value $ 13,139 $ 13,726 Residential mortgage real estate loans accounted under fair value option, at amortized cost 15,812 16,198 Unearned lease income included in leases, net (16,083) (19,210) Unamortized net deferred loan origination costs $ 6,279 $ 7,358 Fair Value Option for Residential Mortgage Real Estate Loans Residential mortgage real estate loans that were originated by the Corporation and intended for sale in the secondary market to permanent investors, but were either repurchased or unsalable due to defect, and that the Corporation has the ability and intent to hold for the foreseeable future or until maturity or payoff are carried at fair value pursuant to the Corporation's election of the fair value option for these loans. The remaining loans, net of fees and costs are stated at their outstanding unpaid principal balances, net of deferred fees or costs, since the original intent for these loans was to hold them until payoff or maturity. Nonaccrual and Past Due Loans The following tables present an aging of the Corporation’s loans at the dates indicated: March 31, 2024 (dollars in thousands) 30-89 days past due Total past due Current Total accruing loans and leases Nonaccrual loans and leases Total loans portfolio and leases % Delinquent Commercial mortgage $ — $ — $ 762,785 $ 762,785 $ 571 $ 763,356 0.07 % Home equity lines and loans 417 417 75,148 75,565 1,181 76,746 2.08 Residential mortgage (1) 3,931 3,931 254,234 258,165 4,672 262,837 3.27 Construction 192 192 261,096 261,288 1,784 263,072 0.75 Commercial and industrial — — 312,841 312,841 15,307 328,148 4.66 Small business loans 1,712 1,712 132,146 133,858 12,746 146,604 9.86 Consumer 20 20 361 381 — 381 5.25 Leases, net 1,707 1,707 105,201 106,908 1,984 108,892 3.39 % Total $ 7,979 $ 7,979 $ 1,903,812 $ 1,911,791 $ 38,245 $ 1,950,036 2.37 % (1) Includes $13.1 million of loans at fair value of which $12.4 million are current, $— are 30-89 days past due and $771 thousand are nonaccrual. December 31, 2023 (dollars in thousands) 30-89 days past due Total past due Current Total accruing loans and leases Nonaccrual loans and leases Total loans portfolio and leases % Delinquent Commercial mortgage $ 571 $ 571 $ 737,292 $ 737,863 $ — $ 737,863 0.08 % Home equity lines and loans 566 566 74,684 75,250 1,037 76,287 2.10 Residential mortgage (1) 1,103 1,103 254,965 256,068 4,536 260,604 2.16 Construction — — 245,234 245,234 1,206 246,440 0.49 Commercial and industrial — — 287,478 287,478 15,413 302,891 5.09 Small business loans 1,499 1,499 131,403 132,902 9,440 142,342 7.69 Consumer — — 389 389 — 389 — Leases, net 2,197 2,197 117,304 119,501 2,131 121,632 3.56 % Total $ 5,936 $ 5,936 $ 1,848,749 $ 1,854,685 $ 33,763 $ 1,888,448 2.10 % (1) Includes $13.7 million of loans at fair value of which $12.9 million are current, $— are 30-89 days past due and $786 thousand are nonaccrual. There were no loans in the tables above as of March 31, 2024 or December 31, 2023 that were 90+days past due and still accruing interest. Foreclosed and Repossessed Assets At both March 31, 2024 and December 31, 2023, there were 4 consumer mortgage loans secured by residential real estate properties (included in loans, net of fees and costs on the Consolidated Balance Sheets) totaling $937 thousand for which formal foreclosure proceedings were in process. Risks and Uncertainties We have no particular credit concentration. Our commercial loans have been proactively managed in an effort to achieve a balanced portfolio with no unusual exposure to one industry. Additionally, most of our lending activity occurs within our primary market areas which are concentrated in southeastern Pennsylvania, Delaware, and Maryland as well as other contiguous markets and represents a geographic concentration. Additionally, our loan portfolio is concentrated in commercial loans. Commercial loans are generally viewed as having more inherent risk of default than residential real estate loans or other consumer loans. Also, the commercial loan balance per borrower is typically larger than that for residential real estate loans and consumer loans, implying higher potential losses on an individual loan basis. Past Due and Nonaccrual Status The following tables presents the amortized costs basis of loans and leases on nonaccrual status and loans 90 days or more past due and still accruing, net of fees and costs as of March 31, 2024 and December 31, 2023. As of this date here were no loans 90 days or more past due and still accruing. March 31, 2024 December 31, 2023 (dollars in thousands) Nonaccrual without ACL Nonaccrual with ACL Total nonaccrual Nonaccrual without ACL Nonaccrual with ACL Total nonaccrual Commercial mortgage $ 571 $ — $ 571 $ — $ — $ — Home equity lines and loans 1,181 — 1,181 1,037 — 1,037 Residential mortgage 4,672 — 4,672 4,536 — 4,536 Construction 1,784 — 1,784 1,206 — 1,206 Commercial and industrial 3,341 11,966 15,307 3,343 12,070 15,413 Small business loans 2,609 10,137 12,746 3,607 5,833 9,440 Leases, net 1,984 — 1,984 2,131 — 2,131 Total $ 16,142 $ 22,103 $ 38,245 $ 15,860 $ 17,903 $ 33,763 Collateral-dependent Loans The following tables presents the amortized cost basis of non-accruing collateral-dependent loans by class or loans as of March 31, 2024 and December 31, 2023 under the current expected credit loss model: March 31, 2024 December 31, 2023 (dollars in thousands) Real estate Equipment and other Total Real estate Equipment and other Total Commercial mortgage $ 571 $ — $ 571 $ — $ — $ — Home equity lines and loans 1,181 — 1,181 1,037 — 1,037 Residential mortgage 4,672 — 4,672 4,536 — 4,536 Construction 1,784 — 1,784 1,206 — 1,206 Commercial and industrial 1,888 13,419 15,307 1,890 13,523 15,413 Small business loans 8,543 4,203 12,746 6,320 3,120 9,440 Leases, net — 1,984 1,984 — 2,131 2,131 Total $ 18,639 $ 19,606 $ 38,245 $ 14,989 $ 18,774 $ 33,763

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
Allowance for Credit Losses	Mar. 31, 2024
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses The ACL is maintained at a level considered adequate to provide for estimated expected credit losses within the loan portfolio over the contractual life of an instrument that considers our historical loss experience, current conditions and forecasts of future economic conditions as of the balance sheet date. Management’s periodic evaluation of the adequacy of the ACL is based on known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is subjective as it requires material estimates that may be susceptible to significant revisions as more information becomes available. Roll-Forward of ACL by Portfolio Segment The following tables provide the activity of our allowance for credit losses for the three months ended March 31, 2024 and March 31, 2023 under the CECL model in accordance with ASC 326 (as adopted on January 1, 2023): Three Months Ended March 31, 2024 (dollars in thousands) Beginning balance Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,375 $ — $ — $ (196) $ 4,179 Home equity lines and loans 998 — 2 (42) 958 Residential mortgage 1,020 — — 157 1,177 Construction 485 — — 98 583 Commercial and industrial 4,518 (208) 2 771 5,083 Small business loans 7,005 (87) 3 884 7,805 Consumer — (1) 1 1 1 Leases 3,706 (2,148) 126 1,701 3,385 Total $ 22,107 $ (2,444) $ 134 $ 3,374 $ 23,171 Three Months Ended March 31, 2023 (dollars in thousands) Beginning Balance Adjustment to initially apply ASU No. 2016-13 for CECL Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,095 $ (526) $ — $ — $ (94) $ 3,475 Home equity lines and loans 188 439 (33) 2 19 615 Residential mortgage 948 17 — — (97) 868 Construction 3,075 (1,763) — — (193) 1,119 Commercial and industrial 4,012 (1,023) — 39 (295) 2,733 Small business loans 4,909 1,110 — — 297 6,316 Consumer 3 (3) — — — — Leases 1,598 3,345 (1,464) 3 1,834 5,316 Total $ 18,828 $ 1,596 $ (1,497) $ 44 $ 1,471 $ 20,442 Reconciliation of Provision for Credit Losses The following table provides a reconciliation of the provision for credit losses on the consolidated statements of income between the funded and unfunded components at the dates indicated: Three Months Ended (dollars in thousands) 2024 2023 Provision for credit losses - funded $ 3,374 $ 1,471 Recovery of provision for credit losses - unfunded (508) (72) Total provision for credit losses $ 2,866 $ 1,399 Allowance Allocated by Portfolio Segment The following tables detail the allocation of the ACL and the carrying value for loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases at the dates indicated: March 31, 2024 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually evaluated Collectively evaluated Total Individually evaluated Collectively evaluated Total Commercial mortgage $ — $ 4,179 $ 4,179 $ 571 $ 762,785 $ 763,356 Home equity lines and loans — 958 958 1,181 75,565 76,746 Residential mortgage — 1,177 1,177 3,901 245,797 249,698 Construction — 583 583 1,784 261,288 263,072 Commercial and industrial 4,061 1,022 5,083 15,307 312,841 328,148 Small business loans 4,402 3,403 7,805 12,746 133,858 146,604 Consumer — 1 1 — 381 381 Leases, net — 3,385 3,385 1,984 106,908 108,892 Total (1) $ 8,463 $ 14,708 $ 23,171 $ 37,474 $ 1,899,423 $ 1,936,897 ( 1) Excludes deferred fees and loans carried at fair value. December 31, 2023 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually evaluated Collectively evaluated Total Individually evaluated Collectively evaluated Total Commercial mortgage $ — $ 4,375 $ 4,375 $ — $ 737,863 $ 737,863 Home equity lines and loans — 998 998 1,037 75,250 76,287 Residential mortgage — 1,020 1,020 3,750 243,128 246,878 Construction — 485 485 1,206 245,234 246,440 Commercial and industrial 3,691 827 4,518 15,413 287,478 302,891 Small business loans 2,805 4,200 7,005 9,440 132,902 142,342 Consumer — — — — 389 389 Leases, net — 3,706 3,706 2,131 119,501 121,632 Total (1) $ 6,496 $ 15,611 $ 22,107 $ 32,977 $ 1,841,745 $ 1,874,722 ( 1) Excludes deferred fees and loans carried at fair value. Credit Quality Indicators As part of the process of determining the ACL to the different segments of the loan and lease portfolio, Management considers certain credit quality indicators. For the commercial mortgage, construction and commercial and industrial loan segments, periodic reviews of the individual loans are performed by Management. The results of these reviews are reflected in the risk grade assigned to each loan. These internally assigned grades are as follows: • Pass – Loans considered to be satisfactory with no indications of deterioration. • Special mention – Loans classified as special mention have a potential weakness that deserves Management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. • Substandard – Loans classified as substandard are inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. • Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loan balances classified as doubtful have been reduced by partial charge-offs and are carried at their net realizable values. The following tables detail the carrying value of loans and leases by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses at the dates indicated: March 31, 2024 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans (dollars in thousands) 2024 2023 2022 2021 2020 Prior Commercial mortgage Pass/Watch $ 28,664 $ 106,084 $ 166,840 $ 152,738 $ 96,579 $ 192,570 $ 511 $ 743 $ 744,729 Special Mention — — — — 4,823 9,873 667 — 15,363 Substandard — 200 — 571 — 2,493 — — 3,264 Total $ 28,664 $ 106,284 $ 166,840 $ 153,309 $ 101,402 $ 204,936 $ 1,178 $ 743 $ 763,356 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 24,052 $ 74,841 $ 77,792 $ 20,778 $ 24,823 $ 4,353 $ 123 $ 25,066 $ 251,828 Special Mention — — — 1,352 638 4,329 — 3,140 9,459 Substandard — — — 67 — 1,718 — — 1,785 Total $ 24,052 $ 74,841 $ 77,792 $ 22,197 $ 25,461 $ 10,400 $ 123 $ 28,206 $ 263,072 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 35,892 $ 24,890 $ 28,772 $ 23,569 $ 9,994 $ 35,967 $ — $ 134,590 $ 293,674 Special Mention — — — — — 1,356 — 4,706 6,062 Substandard — — 3,940 2,906 — 6,886 — 14,680 28,412 Total $ 35,892 $ 24,890 $ 32,712 $ 26,475 $ 9,994 $ 44,209 $ — $ 153,976 $ 328,148 Current period gross charge-offs $ — $ (204) $ — $ — $ — $ — $ — $ (4) $ (208) Small business loans Pass/Watch $ 8,549 $ 30,066 $ 28,585 $ 35,029 $ 11,274 $ 7,382 $ — $ 12,552 $ 133,437 Special Mention — — — — — — — — — Substandard — 86 2,482 5,897 2,804 — — 1,898 13,167 Total $ 8,549 $ 30,152 $ 31,067 $ 40,926 $ 14,078 $ 7,382 $ — $ 14,450 $ 146,604 Current period gross charge-offs $ — $ — $ — $ (44) $ — $ — $ — $ (43) $ (87) Total by risk rating Pass/Watch $ 97,157 $ 235,881 $ 301,989 $ 232,114 $ 142,670 $ 240,272 $ 634 $ 172,951 $ 1,423,668 Special Mention — — — 1,352 5,461 15,558 667 7,846 30,884 Substandard — 286 6,422 9,441 2,804 11,097 — 16,578 46,628 Total $ 97,157 $ 236,167 $ 308,411 $ 242,907 $ 150,935 $ 266,927 $ 1,301 $ 197,375 $ 1,501,180 Total current period gross charge-offs $ — $ (204) $ — $ (44) $ — $ — $ — $ (47) $ (295) December 31, 2023 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial mortgage Pass/Watch $ 106,341 $ 160,302 $ 158,647 $ 97,535 $ 56,382 $ 133,349 $ 511 $ 423 $ 713,490 Special Mention — — — 4,425 4,341 9,975 667 — 19,408 Substandard 200 — 571 — 1,635 2,233 — 326 4,965 Doubtful — — — — — — — — — Total $ 106,541 $ 160,302 $ 159,218 $ 101,960 $ 62,358 $ 145,557 $ 1,178 $ 749 $ 737,863 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 67,776 $ 88,737 $ 21,793 $ 27,336 $ 2,307 $ 2,093 $ 123 $ 25,976 $ 236,141 Special Mention — — 1,329 — 511 4,329 — 2,924 9,093 Substandard — — — — — 1,206 — — 1,206 Doubtful — — — — — — — — — Total $ 67,776 $ 88,737 $ 23,122 $ 27,336 $ 2,818 $ 7,628 $ 123 $ 28,900 $ 246,440 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 26,314 $ 38,748 $ 24,523 $ 8,449 $ 4,148 $ 33,726 $ — $ 131,304 $ 267,212 Special Mention 500 9 — — — 1,361 — 6,440 8,310 Substandard — — 2,906 — 300 9,469 — 14,694 27,369 Doubtful — — — — — — — — — Total $ 26,814 $ 38,757 $ 27,429 $ 8,449 $ 4,448 $ 44,556 $ — $ 152,438 $ 302,891 Current period gross charge-offs $ (209) $ (55) $ — $ (2) $ — $ — $ — $ — $ (266) Small business loans Pass/Watch $ 35,764 $ 26,621 $ 37,278 $ 11,687 $ 6,672 $ 920 $ — $ 12,507 $ 131,449 Special Mention — — — 909 — — — 314 1,223 Substandard 49 1,523 5,090 2,122 — — — 886 9,670 Doubtful — — — — — — — — — Total $ 35,813 $ 28,144 $ 42,368 $ 14,718 $ 6,672 $ 920 $ — $ 13,707 $ 142,342 Current period gross charge-offs $ — $ — $ — $ (11) $ (912) $ — $ — $ (565) $ (1,488) Total by risk rating Pass/Watch $ 236,195 $ 314,408 $ 242,241 $ 145,007 $ 69,509 $ 170,088 $ 634 $ 170,210 $ 1,348,292 Special Mention 500 9 1,329 5,334 4,852 15,665 667 9,678 38,034 Substandard 249 1,523 8,567 2,122 1,935 12,908 — 15,906 43,210 Doubtful — — — — — — — — — Total $ 236,944 $ 315,940 $ 252,137 $ 152,463 $ 76,296 $ 198,661 $ 1,301 $ 195,794 $ 1,429,536 Total current period gross charge-offs $ (209) $ (55) $ — $ (13) $ (912) $ — $ — $ (565) $ (1,754) The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at March 31, 2024 and December 31, 2023. In addition to credit quality indicators as shown in the above tables, allowance allocations for residential mortgages, consumer loans and leases are also applied based on their performance status at the dates indicated: March 31, 2024 Revolving Loans Total Term Loans (dollars in thousands) 2024 2023 2022 2021 2020 Prior Home equity lines and loans Performing $ 122 $ 340 $ 788 $ 311 $ 347 $ 4,152 $ 69,025 $ 75,085 Nonperforming — 1,661 1,661 Total $ 122 $ 340 $ 788 $ 311 $ 347 $ 4,152 $ 70,686 $ 76,746 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential mortgage (1) Performing $ 7,247 $ 49,114 $ 149,606 $ 21,692 $ 6,430 $ 11,708 $ — $ 245,797 Nonperforming — — 1,515 — 1,031 1,355 — 3,901 Total $ 7,247 $ 49,114 $ 151,121 $ 21,692 $ 7,461 $ 13,063 $ — $ 249,698 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ 40 $ 30 $ — $ — $ 259 $ 52 $ 381 Nonperforming — — — — — — — — Total $ — $ 40 $ 30 $ — $ — $ 259 $ 52 $ 381 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ (1) $ (1) Leases, net Performing $ 123 $ 20,621 $ 50,571 $ 27,386 $ 8,207 $ — $ — $ 106,908 Nonperforming — 285 1,081 408 210 — — 1,984 Total $ 123 $ 20,906 $ 51,652 $ 27,794 $ 8,417 $ — $ — $ 108,892 Current period gross charge-offs $ — $ (369) $ (1,429) $ (277) $ (73) $ — $ — $ (2,148) Total by Payment Performance Performing $ 7,492 $ 70,115 $ 200,995 $ 49,389 $ 14,984 $ 16,119 $ 69,077 $ 428,171 Nonperforming — 285 2,596 408 1,241 1,355 1,661 7,546 Total $ 7,492 $ 70,400 $ 203,591 $ 49,797 $ 16,225 $ 17,474 $ 70,738 $ 435,717 Total current period gross charge-offs $ — $ (369) $ (1,429) $ (277) $ (73) $ — $ (1) $ (2,149) (1) Excludes $13.1 million of loans at fair value. December 31, 2023 Revolving Loans Total Term Loans (dollars in thousands) 2023 2022 2021 2020 2019 Prior Home equity lines and loans Performing $ 343 $ 795 $ 314 $ 352 $ 2,191 $ 2,295 $ 68,600 $ 74,890 Nonperforming — — — — — — 1,397 1,397 Total $ 343 $ 795 $ 314 $ 352 $ 2,191 $ 2,295 $ 69,997 $ 76,287 Current period gross charge-offs $ — $ — $ — $ — $ (33) $ — $ (54) $ (87) Residential mortgage (1) Performing $ 48,576 $ 154,219 $ 22,237 $ 6,260 $ 456 $ 11,380 $ — $ 243,128 Nonperforming — 1,350 — 1,043 — 1,357 — 3,750 Total $ 48,576 $ 155,569 $ 22,237 $ 7,303 $ 456 $ 12,737 $ — $ 246,878 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ 39 $ 35 $ — $ — $ 32 $ 234 $ 49 $ 389 Nonperforming — — — — — — — — Total $ 39 $ 35 $ — $ — $ 32 $ 234 $ 49 $ 389 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ (2) $ (2) Leases, net Performing $ 23,054 $ 55,940 $ 30,876 $ 9,718 $ — $ — $ — $ 119,588 Nonperforming 263 1,194 368 219 — — — 2,044 Total $ 23,317 $ 57,134 $ 31,244 $ 9,937 $ — $ — $ — $ 121,632 Current period gross charge-offs $ (128) $ (2,165) $ (1,450) $ (290) $ — $ — $ — $ (4,033) Total by Payment Performance Performing $ 72,012 $ 210,989 $ 53,427 $ 16,330 $ 2,679 $ 13,909 $ 68,649 $ 437,995 Nonperforming 263 2,544 368 1,262 — 1,357 1,397 7,191 Total $ 72,275 $ 213,533 $ 53,795 $ 17,592 $ 2,679 $ 15,266 $ 70,046 $ 445,186 Total current period gross charge-offs $ (128) $ (2,165) $ (1,450) $ (290) $ (33) $ — $ (56) $ (4,122) (1) Excludes $13.7 million of fair value loans Modifications to Borrowers Experiencing Financial Difficulty An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ACL on loans and leases, a change to the allowance for credit losses is generally not recorded upon modification. However, when principal forgiveness is provided, the amortized cost basis of the asset is written off against the ACL on loans and leases. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2024. There were no modifications granted to debtors experiencing financial difficulty for the three months ended March 31, 2023. Three Months Ended March 31, 2024 Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 2 $ 359 0.2 % $ — Commercial & industrial 2 1,097 0.3 % — Total 4 $ 1,456 $ — Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 1 $ 895 0.6 % $ 784 Total 1 $ 895 $ 784 The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2024. Three Months Ended March 31, 2024 Number of Loans (dollars in thousands) Financial Effect Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 2 Extend maturity date Commercial & industrial 2 Extend maturity date and allow additional lender funding Total 4 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 1 Total 1 There were 5 and no modifications granted to borrowers experiencing financial difficulty for the three months ended March 31, 2024 and March 31, 2023, respectively. There were no loans that had a payment default during the three months ended March 31, 2024 and March 31, 2023 that were modified in the 12 months before default to borrowers experiencing financial difficulty. There were no commitments to lend additional funds to the borrowers experiencing financial difficulty that had modifications during the three months ended March 31, 2024 and March 31, 2023.

Short-Term Borrowings and Long

Short-Term Borrowings and Long -Term Debt	3 Months Ended
Short-Term Borrowings and Long -Term Debt	Mar. 31, 2024
Debt Disclosure [Abstract]
Short-Term Borrowings and Long-Term Debt	Short-Term Borrowings and Long-Term Debt The Corporation’s short-term borrowings generally consist of federal funds purchased and short-term borrowings extended under agreements with the FHLB or other correspondent banks. The Corporation has three unsecured Federal funds borrowing facility with a correspondent bank for up to $49 million. Federal funds purchased generally represent one-day borrowings. The Corporation had $0 in Federal funds purchased at March 31, 2024 and December 31, 2023. The Corporation also has a facility with the Federal Reserve Bank discount window of $6.5 million. This facility is fully secured by investment securities. There were no borrowings under this at March 31, 2024 and December 31, 2023. The Corporation's facility with the Federal Reserve’s BTFP in the amount of $33 million expired in March 2024. The following table presents short-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest March 31, December 31, FHLB Open Repo Plus Weekly 06/10/2024 5.68% $ 84,789 $ 104,792 FRB BTFP Advances 03/29/2024 4.76% — 33,000 FHLB Mid-term Repo Fixed 9/30/2024 4.60% 3,432 3,432 FHLB Mid-term Repo Fixed 10/25/2024 5.03% 8,097 — FHLB Mid-term Repo Fixed 1/27/2025 4.85% 8,000 — FHLB Mid-term Repo Fixed 2/24/2025 5.35% 7,813 — Total Short-Term Borrowings $ 112,131 $ 141,224 The following table presents long-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest March 31, December 31, FHLB Mid-term Repo Fixed 12/22/2025 4.23% $ 8,935 $ 8,935 FHLB Mid-term Repo Fixed 10/14/2025 5.16% 9,492 9,492 FHLB Mid-term Repo Fixed 7/14/2026 4.57% 15,245 15,245 Total Long-Term Borrowings $ 33,672 $ 33,672 The FHLB has also issued $156.0 million of letters of credit to the Corporation for the benefit of the Corporation’s public deposit funds and loan customers. These letters of credit expire throughout the remainder of 2024. The Corporation has a maximum borrowing capacity with the FHLB of $656.0 million as of March 31, 2024 and $626.8 million as of December 31, 2023. All advances and letters of credit from the FHLB are secured by a blanket lien on non-pledged, mortgage-related loans and securities as part of the Corporation’s borrowing agreement with the FHLB.

Servicing Assets

Servicing Assets	3 Months Ended
Servicing Assets	Mar. 31, 2024
Transfers and Servicing [Abstract]
Servicing Assets	Servicing Assets The Corporation sells certain residential mortgage loans and the guaranteed portion of certain SBA loans to third parties and retains servicing rights and receives servicing fees. All such transfers are accounted for as sales. When the Corporation sells a residential mortgage loan, it does not retain any portion of that loan and its continuing involvement in such transfers is limited to certain servicing responsibilities. While the Corporation may retain a portion of certain sold SBA loans, its continuing involvement in the portion of the loan that was sold is limited to certain servicing responsibilities. When the contractual servicing fees on loans sold with servicing retained are expected to be more than adequate compensation to a servicer for performing the servicing, a capitalized servicing asset is recognized. Residential Mortgage Loans The related MSR asset is amortized over the period of the estimated future net servicing life of the underlying assets. MSRs are evaluated quarterly for impairment based upon the fair value of the rights as compared to their amortized cost. Impairment is recognized on the income statement to the extent the fair value is less than the capitalized amount of the MSR. The Corporation serviced $932.5 million and $945.2 million of residential mortgage loans as of March 31, 2024 and December 31, 2023, respectively. During the three months ended March 31, 2024, the Corporation recognized servicing fee income of $586 thousand, compared to $636 thousand, during the three months ended March 31, 2023. Changes in the MSR balance are summarized as follows: Three months ended (dollars in thousands) 2024 2023 Balance at beginning of the period $ 8,622 $ 9,942 Servicing rights capitalized 10 — Amortization of servicing rights (318) (371) Change in valuation allowance — 2 Balance at end of the period $ 8,314 $ 9,573 Activity in the valuation allowance for MSRs was as follows: Three months ended (dollars in thousands) 2024 2023 Valuation allowance, beginning of period $ — $ (2) Impairment — — Recovery — 2 Valuation allowance, end of period $ — $ — The Corporation uses assumptions and estimates in determining the fair value of MSRs. These assumptions include prepayment speeds and discount rates. The assumptions used in the valuation were based on input from buyers, brokers and other qualified personnel, as well as market knowledge. At March 31, 2024, the key assumptions used to determine the fair value of the Corporation’s MSRs included a lifetime constant prepayment rate equal to 8.29% and a discount rate equal to 9.50%. At December 31, 2023, the key assumptions used to determine the fair value of the Corporation’s MSRs included a lifetime constant prepayment rate equal to 8.57% and a discount rate equal to 9.50%. Due in part to market volatility as interest rates increased, the prepayment speed assumption has decreased from December 31, 2023 to March 31, 2024. As interest rates have started to increase and the number of mortgage refinancings have started to decline, model inputs have been adjusted to align the MSRs fair value with market conditions. The sensitivity of the current fair value of the residential mortgage servicing rights to immediate 10% and 20% favorable and unfavorable changes in key economic assumptions are included in the following table. (dollars in thousands) March 31, December 31, Fair value of residential mortgage servicing rights $ 10,973 $ 11,221 Weighted average life (months) 28 28 Prepayment speed 8.29 % 8.57 % Impact on fair value: 10% adverse change $ (253) $ (506) 20% adverse change (496) (973) Discount rate 9.50 % 9.50 % Impact on fair value: 10% adverse change $ (404) $ (415) 20% adverse change (781) (799) The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. As indicated, changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in this table, the effect of an adverse variation in a articular assumption on the fair value of the MSRs is calculated without changing any other assumption; while in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or counteract the effect of the change. SBA Loans SBA loan servicing assets are amortized over the period of the estimated future net servicing life of the underlying assets. SBA loan servicing assets are evaluated quarterly for impairment based upon the fair value of the rights as compared to their amortized cost. Impairment is recognized on the income statement to the extent the fair value is less than the capitalized amount of the SBA loan servicing asset. The Corporation serviced $236.6 million and $225.8 million of SBA loans, as of March 31, 2024 and December 31, 2023, respectively. Changes in the SBA loan servicing asset balance are summarized as follows: Three months ended (dollars in thousands) 2024 2023 Balance at beginning of the period $ 3,127 $ 2,404 Servicing rights capitalized 197 214 Amortization of servicing rights (241) (195) Change in valuation allowance 176 129 Balance at end of the period $ 3,259 $ 2,552 Activity in the valuation allowance for SBA loan servicing assets was as follows: Three months ended (dollars in thousands) 2024 2023 Valuation allowance, beginning of period $ (268) $ (364) Impairment — — Recovery 176 129 Valuation allowance, end of period $ (92) $ (235) The Corporation uses assumptions and estimates in determining the fair value of SBA loan servicing rights. These assumptions include prepayment speeds, discount rates, and other assumptions. The assumptions used in the valuation were based on input from buyers, brokers and other qualified personnel, as well as market knowledge. At March 31, 2024, the key assumptions used to determine the fair value of the Corporation’s SBA loan servicing rights included a lifetime constant prepayment rate equal to 15.21% and a discount rate equal to 13.93%. At December 31, 2023, the key assumptions used to determine the fair value of the Corporation’s SBA loan servicing rights included a lifetime constant prepayment rate equal to 14.70% and a discount rate equal to 14.66%. The sensitivity of the current fair value of the SBA loan servicing rights to immediate 10% and 20% favorable and unfavorable changes in key economic assumptions are included in the following table. (dollars in thousands) March 31, December 31, Fair value of SBA loan servicing rights $ 3,567 $ 3,376 Weighted average life (years) 3.3 3.8 Prepayment speed 15.21 % 14.70 % Impact on fair value: 10% adverse change $ (143) $ (125) 20% adverse change (275) (241) Discount rate 13.93 % 14.66 % Impact on fair value: 10% adverse change $ (79) $ (74) 20% adverse change (155) (145) The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. As indicated, changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in this table, the effect of an adverse variation in a particular assumption on the fair value of the SBA servicing rights is calculated without changing any other assumption; while in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or counteract the effect of the change.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	3 Months Ended
Fair Value Measurements and Disclosures	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	Fair Value Measurements and Disclosures The Corporation uses fair value measurements to record fair value adjustments to certain assets and liabilities. The fair value of a financial instrument 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. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Corporation’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation techniques or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Corporation groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 – Valuation is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis. Securities The fair value of securities available-for-sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Mortgage Loans Held for Sale The fair value of loans held for sale is based on secondary market prices. Mortgage Loans Held for Investment The fair value of mortgage loans held for investment is based on the price secondary markets are currently offering for similar loans using observable market data. Derivative Financial Instruments The fair values of forward commitments and interest rate swaps are based on market pricing and therefore are considered Level 2. Derivatives classified as Level 3 consist of interest rate lock commitments related to mortgage loan commitments. The determination of fair value includes assumptions related to the likelihood that a commitment will ultimately result in a closed loan, which is a significant unobservable assumption. A significant increase or decrease in the external market price would result in a significantly higher or lower fair value measurement. The following table presents the fair value of financial assets measured at fair value on a recurring basis by level within the fair value hierarchy at the dates indicated : March 31, 2024 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 19,153 $ — $ 19,153 $ — U.S. government agency MBS 22,347 — 22,347 — U.S. government agency CMO 23,119 — 23,119 — State and municipal securities 35,731 — 35,731 — U.S. Treasuries 30,318 30,318 — — Non-U.S. government agency CMO 13,061 — 13,061 Corporate bonds 7,267 — 7,267 — Equity investments 2,092 — 2,092 — Mortgage loans held for sale 29,124 — 29,124 — Mortgage loans held for investment 13,139 — 13,139 — Interest rate lock commitments 288 — — 288 Forward commitments — — — — Customer derivatives - interest rate swaps 3,758 — 3,758 — Interest rate swaps 437 — 437 — Total $ 199,834 $ 30,318 $ 169,228 $ 288 Liabilities Interest rate lock commitments $ 84 $ — $ — $ 84 Customer derivatives - interest rate swaps 3,754 — 3,754 — Risk Participation Agreements 5 — 5 — Total $ 3,843 $ — $ 3,759 $ 84 December 31, 2023 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 16,824 $ — $ 16,824 $ — U.S. government agency MBS 22,634 — 22,634 — U.S. government agency CMO 19,573 — 19,573 — State and municipal securities 36,216 — 36,216 — U.S. Treasuries 30,422 30,422 — — Non-U.S. government agency CMO 13,155 — 13,155 — Corporate bonds 7,195 — 7,195 — Equity investments 2,121 — 2,121 — Mortgage loans held for sale 24,816 — 24,816 — Mortgage loans held for investment 13,726 — 13,726 — Interest rate lock commitments 214 — — 214 Customer derivatives - interest rate swaps 3,528 — 3,528 — Total $ 190,424 $ 30,422 $ 159,788 $ 214 Liabilities Interest rate lock commitments $ 17 $ — $ — $ 17 Forward commitments 41 — 41 — Customer derivatives - interest rate swaps 3,544 — 3,544 — Risk Participation Agreements 11 — 11 — Total $ 3,613 $ — $ 3,596 $ 17 The following table presents assets measured at fair value on a nonrecurring basis at the dates indicated: (dollars in thousands) March 31, December 31, Mortgage servicing rights $ 8,314 $ 8,621 SBA loan servicing rights 3,259 3,127 Individually evaluated loans (1) Commercial and industrial 7,905 9,818 Small business loans 5,735 3,134 Total $ 25,213 $ 24,700 (1) Individually evaluated loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral. The increase in individually evaluated commercial and industrial loans noted above was due to reassessing how we evaluate the impairment on a loan relationship to now be based on the fair value of collateral. The following table details the valuation techniques for Level 3 individually evaluated loans. (dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs March 31, 2024 $ 13,640 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-33% discount December 31, 2023 12,952 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-33% discount Below is management’s estimate of the fair value of all financial instruments, whether carried at cost or fair value on the Corporation’s balance sheet. The following information should not be interpreted as an estimate of the fair value of the entire Corporation since a fair value calculation is only provided for a limited portion of the Corporation’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Corporation’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair value of the Corporation’s financial instruments: Cash and Cash Equivalents The carrying amounts reported in the balance sheet for cash and short-term instruments approximate those assets’ fair values. Loans Receivable The fair value of loans receivable is estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair value below is reflective of an exit price. Servicing Assets The Corporation estimates the fair value of mortgage servicing rights and SBA loan servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the interest rates of the portfolios serviced. These servicing rights are classified within Level 3 in the fair value hierarchy based upon management’s assessment of the inputs. The Corporation reviews the servicing rights portfolios on a quarterly basis for impairment. Individually Evaluated Loans Individually evaluated loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third party appraisals of the properties, or discounted cash flows based upon the expected proceeds. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. Individually evaluated loans are evaluated on a quarterly basis for additional impairment and adjusted in accordance with the Allowance policy. Accrued Interest Receivable and Payable The carrying amount of accrued interest receivable and accrued interest payable approximates its fair value. Deposit Liabilities The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Short-Term Borrowings The carrying amounts of short-term borrowings approximate their fair values. Long-Term Debt Fair values of FHLB advances and the acquisition purchase note payable are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms and remaining maturity. These prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Subordinated Debt Fair values of junior subordinated debt are estimated using discounted cash flow analysis, based on market rates currently offered on such debt with similar credit risk characteristics, terms and remaining maturity. Off-Balance Sheet Financial Instruments Off-balance sheet instruments are primarily comprised of loan commitments, which are generally priced at market at the time of funding. Fees on commitments to extend credit and stand-by letters of credit are deemed to be immaterial and these instruments are expected to be settled at face value or expire unused. It is impractical to assign any fair value to these instruments and as a result they are not included in the table below. Fair values assigned to the notional value of interest rate lock commitments and forward sale contracts are based on market quotes. Derivative Financial Instruments The fair value of forward commitments and interest rate swaps is based on market pricing and therefore are considered Level 2. Derivatives classified as Level 3 consist of interest rate lock commitments related to mortgage loan commitments. The determination of fair value includes assumptions related to the likelihood that a commitment will ultimately result in a closed loan, which is a significant unobservable assumption. A significant increase or decrease in the external market price would result in a significantly higher or lower fair value measurement. The following table presents the estimated fair values of the Corporation’s financial instruments at the dates indicated: March 31, 2024 December 31, 2023 (dollars in thousands) Fair Value Carrying Fair value Carrying Fair value Financial assets: Cash and cash equivalents Level 1 $ 23,027 $ 23,027 $ 56,697 $ 56,697 Mortgage loans held for sale Level 2 29,124 29,124 24,816 24,816 Loans receivable, net of the allowance for credit losses Level 3 1,943,176 1,889,637 1,882,080 1,832,558 Mortgage loans held for investment Level 2 13,139 13,139 13,726 13,726 Financial liabilities: Deposits Level 2 $ 1,900,696 $ 1,888,300 $ 1,823,462 $ 1,834,700 Borrowings Level 2 145,803 159,800 174,896 176,400 Subordinated debentures Level 2 49,867 49,721 49,836 50,223 The following table includes a rollforward of interest rate lock commitments for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the periods indicated. Three months ended (dollars in thousands) 2024 2023 Balance at beginning of the period $ 214 $ 87 Increase in value 74 52 Balance at end of the period $ 288 $ 139 The following table details the valuation techniques for Level 3 interest rate lock commitments. (dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs Weighted Average March 31, 2024 $ 288 Market comparable pricing Pull through 1 - 99% 79.83% December 31, 2023 214 Market comparable pricing Pull through 1 - 99% 79.48

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Risk Management Objective of Using Derivatives The Corporation is exposed to certain risk arising from both its business operations and economic conditions. The Corporation principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Corporation manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Corporation enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Corporation’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Corporation’s known or expected cash receipts and its known or expected cash payments principally related to the Corporation’s loan portfolio. Interest Rate Swaps The Corporation uses interest rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. The Corporation’s credit exposure on interest rate swaps includes changes in fair value and any collateral that is held by a third party. In June 2023, the Corporation entered into three interest rate swaps classified as cash flow hedges with notional amounts of $25 million each, to hedge the interest payments received on short term borrowings. Under the terms of the three swap agreements, the Corporation pays average fixed rates of 4.070%, 4.027% and 4.117%, and receives variable rates in return indexed to SOFR. The swaps mature between May, June, and December 2026. The Corporation performed an assessment of the hedge for effectiveness at the inception of the hedge and performs an assessment on a recurring basis and determined that the derivative currently is and is expected to be highly effective in offsetting changes in cash flows of the hedged item. For the three months ended March 31, 2024 and March 31, 2023, approximately $749 thousand and zero respectively, net of tax, is recorded in total comprehensive income as unrealized gains. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations and the addition of other hedges subsequent to March 31, 2024. At March 31, 2024 and December 31, 2023, the combined notional amount of the interest rate swaps was $75.0 million and $75.0 million and the fair value was an asset of $437 thousand and a liability of $539 thousand, respectively. Mortgage Banking Derivatives In connection with its mortgage banking activities, the Corporation enters into commitments to originate certain fixed rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, the Corporation may enter into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held for sale. Forward sales commitments may also be in the form of commitments to sell individual mortgage loans or interest rate locks at a fixed price at a future date. The amount necessary to settle each interest rate lock is based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Interest rate lock commitments and forward commitments are recorded within other assets/liabilities on the consolidated balance sheets, with changes in fair values during the period recorded within net change in the fair value of derivative instruments on the consolidated statements of income. Customer Derivatives – Interest Rate Swaps Derivatives not designated as hedges are not speculative and result from a service the Corporation provides to certain customers to swap a fixed rate product for a variable rate product, or vice versa. The Corporation executes interest rate derivatives with commercial banking customers to facilitate their respective risk management strategies. Those interest rate derivatives are simultaneously hedged by offsetting derivatives that the Corporation executes with a third party, such that the Corporation minimizes its net interest rate risk exposure resulting from such transactions. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. The following table presents a summary of notional amounts and fair values of derivative financial instruments at the dates indicated: March 31, 2024 December 31, 2023 (dollars in thousands) Balance Sheet Line Item Notional Amount Asset (Liability) Fair Value Notional Amount Asset (Liability) Fair Value Interest Rate Lock Commitments Positive fair values Other assets $ 61,882 $ 288 $ 33,735 $ 214 Negative fair values Other liabilities 15,943 (84) 5,399 (17) Total $ 77,825 $ 204 $ 39,134 $ 197 Forward Commitments Positive fair values Other assets $ — $ — $ — $ — Negative fair values Other liabilities — — 4,250 (41) Total $ — $ — $ 4,250 $ (41) Customer Derivatives - Interest Rate Swaps Positive fair values Other assets $ 50,119 $ 3,758 $ 50,593 $ 3,528 Negative fair values Other liabilities 50,119 (3,754) 50,593 (3,544) Total $ 100,238 $ 4 $ 101,186 $ (17) Risk Participation Agreements Positive fair values Other assets $ — $ — $ — $ — Negative fair values Other liabilities 7,051 (5) 7,082 (11) Total $ 7,051 $ (5) $ 7,082 $ (11) Interest Rate Swaps Positive fair values Other assets $ 75,000 $ 437 $ — $ — Negative fair values Other liabilities — — 75,000 (539) Total $ 75,000 $ 437 $ 75,000 $ (539) Total derivative financial instruments $ 260,114 $ 640 $ 226,652 $ (410) Interest rate lock commitments are considered Level 3 in the fair value hierarchy, while the forward commitments and interest rate swaps are considered Level 2 in the fair value hierarchy. The following table presents a summary of the fair value gains and (losses) on derivative financial instruments: Three months ended (dollars in thousands) 2024 2023 Interest Rate Lock Commitments $ 7 $ (37) Forward Commitments 41 — Customer Derivatives - Interest Rate Swaps 21 (28) Risk Participation Agreements 6 (4) Interest Rate Swaps 976 — Net fair value gains (losses) on derivative financial instruments $ 1,051 $ (69) Net realized losses on derivative hedging activities were $19 thousand and $0 for the three months ended March 31, 2024 and 2023, respectively, and are included in non-interest income in the consolidated statements of income.

Segments

Segments	3 Months Ended
Segments	Mar. 31, 2024
Segment Reporting [Abstract]
Segments	Segments ASC Topic 280 – Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Corporation’s Chief Operating Decision Maker, our Chief Executive Officer, in deciding how to allocate resources and assess performance. The Corporation has applied the aggregation criterion set forth in this codification to the results of its operations. Our Banking segment (“Bank”) consists of commercial and retail banking. The Banking segment generates interest income from its lending and investing activities and is dependent on the gathering of lower cost deposits from its branch network or borrowed funds from other sources for funding its loans, resulting in the generation of net interest income. The Banking segment also derives revenues from other sources including gains on the sale of available for sale investment securities, service charges on deposit accounts, cash sweep fees, overdraft fees, BOLI income, title insurance fees, and other less significant non-interest income. Meridian Wealth (“Wealth”), a registered investment advisor and wholly-owned subsidiary of the Bank, provides a comprehensive array of wealth management services and products and the trusted guidance to help its clients and our banking customers prepare for the future. The unit generates non-interest income through advisory fees. Meridian’s mortgage banking segment (“Mortgage”) consists of 8 loan production offices throughout suburban Philadelphia and Maryland. The Mortgage segment originates 1 – 4 family residential mortgages and sells nearly all of its production to third party investors. The unit generates net interest income on the loans it originates and holds temporarily, then earns fee income (primarily gain on sales) at the time of the sale. The unit also recognizes income from document preparation fees, changes in portfolio pipeline fair values and net hedging gains (losses), if any. The table below summarizes income and expenses, directly attributable to each business line, which have been included in the statement of operations. Total assets for each segment is also provided. Segment Information Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 16,592 $ (6) $ 23 $ 16,609 $ 17,627 $ 24 $ 26 $ 17,677 Provision for credit losses 2,866 — — 2,866 1,399 — — 1,399 Net interest income after provision 13,726 (6) 23 13,743 16,228 24 26 16,278 Non-interest Income Mortgage banking income 88 — 3,546 3,634 58 — 3,214 3,272 Wealth management income — 1,317 — 1,317 — 1,196 — 1,196 SBA loan income 986 — — 986 713 — — 713 Net change in fair values 28 — (130) (102) (31) — 78 47 Net gain on hedging activity — — (19) (19) — — — — Other 772 — 1,396 2,168 689 — 721 1,410 Non-interest income 1,874 1,317 4,793 7,984 1,429 1,196 4,013 6,638 Non-interest expense 12,060 833 5,281 18,174 10,698 989 6,102 17,789 Income (loss) before income taxes $ 3,540 $ 478 $ (465) $ 3,553 $ 6,959 $ 231 $ (2,063) $ 5,127 Total Assets $ 2,219,626 $ 9,335 $ 63,962 $ 2,292,923 $ 2,171,679 $ 8,090 $ 50,014 $ 2,229,783

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Corporation’s unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial position and the results of operations for the interim periods presented have been included. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Amounts subject to significant estimates are items such as the allowance for credit losses, lending related commitments and the related unfunded commitment reserve, the fair value of financial instruments, other-than-temporary impairments of investment securities, and the valuations of goodwill, intangible assets, and servicing assets. These unaudited consolidated financial statements should be read in conjunction with the Corporation’s filings with the SEC (including our Annual Report on Form 10-K for the year ended December 31, 2023), subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K that update or provide information in addition to the information included in Form 10-K and Form 10-Q filings, if any. Certain prior period amounts have been reclassified to conform with current period presentation. Reclassifications had no effect on net income or stockholders’ equity. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results for the year ending December 31, 2024 or for any other period.
Stock Split	Stock Split On February 28, 2023, the Corporation approved and declared a two-for-one stock split in the form of a stock dividend, paid March 20, 2023, to shareholders of record as of March 14, 2023. Under the terms of the stock split, the Corporation’s shareholders received a dividend of one share for every share held on the record date. The dividend was paid in authorized but unissued shares of common stock of the Corporation. The par value of the Corporation's stock was not affected by the split and remained at $1.00 per share. All share and per share amounts reported in the consolidated financial statements have been adjusted to reflect the two-for-one stock split.
Pronouncements Adopted in 2024 and Pronouncements Not Yet Effective As Of March 31, 2024	Pronouncements Adopted in 2024 FASB ASU 2020-06, “Debt With Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” This ASU clarifies the accounting for certain financial instruments with characteristics of liabilities and equity. The amendments in this update reduce the number of accounting models for convertible debt instruments and convertible preferred stock by removing the cash conversion model and the beneficial conversion feature models. For public business entities that meet the definition of an SEC filer (excluding smaller reporting entities), the amendments are effective for fiscal years beginning after Dec. 15, 2021, and interim periods within. For all other entities, the amendments are effective for fiscal years beginning after Dec. 15, 2023, and interim periods within. Adoption of this standard did not have a material impact on our consolidated financial statements. FASB ASU 2023-02, "Investments Equity Method and Joint Ventures (Topic 323) Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method" In March 2023, the FASB issued ASU 2023-02, Investments Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method to allow reporting entities to consistently account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits. If certain conditions are met, a reporting entity may elect to account for its tax equity investments by using the proportional amortization method regardless of the program from which it receives income tax credits, instead of only LIHTC structures. This amendment also eliminates certain LIHTC specific guidance aligning the accounting with other equity investments in tax credit structures. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Adoption of this standard did not have a material effect on our consolidated financial statements. Pronouncements Not Yet Effective as of March 31, 2024: FASB ASU 2020-04 (Topic 848), “Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” Issued in March 2020, ASU 2020-04 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The Corporation does not have a significant concentration of loans, derivative contracts, borrowings or other financial instruments with attributes that are either directly or indirectly dependent on LIBOR. The Corporation expects to adopt the LIBOR transition relief allowed under this standard throughout 2024. FASB ASU 2023-07, “Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures” The amendments in this update improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this update also do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Corporation is currently evaluating the impact on its results of operation, financial position, liquidity, and disclosures. FASB ASU 2023-09, “Income Taxes (Topic 740) Improvements to Income Tax Disclosures” The amendments in this update address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This update also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in this update are effective for fiscal years beginning after December 15, 2024 and are to be applied on a prospective basis. Early adoption is permitted.The Corporation is currently evaluating the impact on its disclosures. FASB ASU 2024-01 Stock Compensation - Scope Application of Profits Interest and Similar Awards The amendments in this update improve the understandability of paragraph 718-10-15-3 apply to all entities that enter into share-based payments transactions. The amendments in this update are effective for fiscal years beginning after December 15, 2024 and are to be applied on a prospective basis. The Corporation is currently evaluating the impact on its disclosures.

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	3 Months Ended
Earnings per Common Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per common share	Three months ended (dollars in thousands, except per share data) 2024 2023 Numerator for earnings per share: Net income available to common stockholders $ 2,676 $ 4,021 Denominators for earnings per share: Weighted average shares outstanding 11,245 11,456 Average unearned ESOP shares (157) (184) Basic weighted averages shares outstanding 11,088 11,272 Dilutive effects of assumed exercises of stock options 113 230 Dilutive effects of SERP shares — 154 Diluted weighted averages shares outstanding 11,201 11,656 Basic earnings per share $ 0.24 $ 0.36 Diluted earnings per share $ 0.24 $ 0.34 Antidilutive shares excluded from computation of average dilutive earnings per share 585 463

Securities (Tables)

Securities (Tables)	3 Months Ended
Securities (Tables)	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair value of securities	The following tables presents the amortized cost, allowance for credit losses, and fair value of securities at the dates indicated: March 31, 2024 (dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Allowance for credit losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 19,285 $ 43 $ (175) $ — $ 19,153 10 U.S. government agency MBS 22,539 251 (443) — 22,347 13 U.S. government agency CMO 25,440 — (2,321) — 23,119 31 State and municipal securities 39,911 — (4,180) — 35,731 31 U.S. Treasuries 32,983 — (2,665) — 30,318 25 Non-U.S. government agency CMO 13,507 89 (535) — 13,061 10 Corporate bonds 8,200 — (933) — 7,267 13 Total securities available-for-sale $ 161,865 $ 383 $ (11,252) $ — $ 150,996 133 Amortized cost Gross unrecognized gains Gross unrecognized losses Allowance for credit losses Fair value # of Securities in unrecognized loss position Securities held to maturity: State and municipal securities $ 35,157 $ 20 $ (3,174) $ — $ 32,003 21 Total securities held-to-maturity $ 35,157 $ 20 $ (3,174) $ — $ 32,003 21 December 31, 2023 Amortized cost Gross unrealized gains Gross unrealized losses Allowance for credit losses Fair value # of Securities in unrealized loss position Securities available-for-sale: U.S. asset backed securities $ 17,012 $ 25 $ (213) $ — $ 16,824 11 U.S. government agency MBS 22,750 364 (480) — 22,634 14 U.S. government agency CMO 21,850 — (2,277) — 19,573 30 State and municipal securities 40,093 — (3,877) — 36,216 31 U.S. Treasuries 32,982 — (2,560) — 30,422 25 Non-U.S. government agency CMO 13,605 102 (552) — 13,155 9 Corporate bonds 8,200 — (1,005) — 7,195 13 Total securities available-for-sale $ 156,492 $ 491 $ (10,964) $ — $ 146,019 133 Amortized cost Gross unrecognized gains Gross unrecognized losses Allowance for credit losses Fair value # of Securities in unrecognized loss position Securities held to maturity: State and municipal securities $ 35,781 $ 52 $ (3,103) $ — $ 32,730 21 Total securities held-to-maturity $ 35,781 $ 52 $ (3,103) $ — $ 32,730 21
Schedule of investment gross unrealized loss in continuous unrealized loss position	The following table shows the Corporation’s investment gross unrealized losses and fair value aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position at the dates indicated: March 31, 2024 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair Unrealized losses Fair Unrealized losses Fair Unrealized losses Securities available-for-sale: U.S. asset backed securities $ 5,729 $ (32) $ 5,207 $ (143) $ 10,936 $ (175) U.S. government agency MBS 3,653 (70) 8,255 (373) 11,908 (443) U.S. government agency CMO 4,837 (57) 18,282 (2,264) 23,119 (2,321) State and municipal securities — — 35,731 (4,180) 35,731 (4,180) U.S. Treasuries — — 30,318 (2,665) 30,318 (2,665) Non-U.S. government agency CMO 2,438 (14) 5,937 (521) 8,375 (535) Corporate bonds 907 (94) 6,360 (839) 7,267 (933) Total securities available-for-sale $ 17,564 $ (267) $ 110,090 $ (10,985) $ 127,654 $ (11,252) Less than 12 Months 12 Months or more Total Fair Unrecognized Fair Unrecognized Fair Unrecognized Securities held-to-maturity: State and municipal securities $ 1,067 $ (2) $ 29,631 $ (3,172) $ 30,698 $ (3,174) Total securities held-to-maturity $ 1,067 $ (2) $ 29,631 $ (3,172) $ 30,698 $ (3,174) December 31, 2023 Less than 12 Months 12 Months or more Total (dollars in thousands) Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses Securities available-for-sale: U.S. asset backed securities $ 4,981 $ (25) $ 6,195 $ (188) $ 11,176 $ (213) U.S. government agency MBS 4,864 (35) 8,170 (445) 13,034 (480) U.S. government agency CMO 2,687 (36) 16,886 (2,241) 19,573 (2,277) State and municipal securities — — 36,216 (3,877) 36,216 (3,877) U.S. Treasuries — — 30,422 (2,560) 30,422 (2,560) Non-U.S. government agency CMO 1,127 (4) 6,065 (548) 7,192 (552) Corporate bonds 907 (93) 6,288 (912) 7,195 (1,005) Total securities available-for-sale $ 14,566 $ (193) $ 110,242 $ (10,771) $ 124,808 $ (10,964) Less than 12 Months 12 Months or more Total Fair Unrecognized Fair Unrecognized Fair Unrecognized Securities held-to-maturity: State and municipal securities $ 1,021 $ (6) $ 29,404 $ (3,097) $ 30,425 $ (3,103) Total securities held-to-maturity $ 1,021 $ (6) $ 29,404 $ (3,097) $ 30,425 $ (3,103)
Schedule of amortized cost and carrying value of held-to-maturity securities and available-for-sale securities by contractual maturity	The amortized cost and carrying value of securities are shown below by contractual maturities at the dates indicated. Actual maturities may differ from contractual maturities as issuers may have the right to call or repay obligations with or without call or prepayment penalties. March 31, 2024 Available-for-sale Held-to-maturity (dollars in thousands) Amortized cost Fair value Amortized cost Fair value Due in one year or less $ — $ — $ — $ — Due after one year through five years 32,983 30,318 3,334 3,212 Due after five years through ten years 16,509 15,036 4,337 3,677 Due after ten years 50,887 47,115 27,486 25,114 Subtotal 100,379 92,469 35,157 32,003 Mortgage-related securities 61,486 58,527 — — Total $ 161,865 $ 150,996 $ 35,157 $ 32,003
Gross gain and (loss) on sale of investment securities available for sale	There were no sales of investment securities available for sale for the three month ended March 31, 2024, or 2023.

Loans and Other Finance Recei_2

Loans and Other Finance Receivables (Tables)	3 Months Ended
Loans and Other Finance Receivables (Tables)	Mar. 31, 2024
Receivables [Abstract]
Summary of loans and leases outstanding	The following table presents loans and other finance receivables detailed by category at the dates indicated: (dollars in thousands) March 31, December 31, Real estate loans: Commercial mortgage $ 763,356 $ 737,863 Home equity lines and loans 76,746 76,287 Residential mortgage 262,837 260,604 Construction 263,072 246,440 Total real estate loans 1,366,011 1,321,194 Commercial and industrial 328,148 302,891 Small business loans 146,604 142,342 Consumer 381 389 Leases, net 108,892 121,632 Total loans $ 1,950,036 $ 1,888,448 Balances included in loans, net of fees and costs: Residential mortgage real estate loans accounted under fair value option, at fair value $ 13,139 $ 13,726 Residential mortgage real estate loans accounted under fair value option, at amortized cost 15,812 16,198 Unearned lease income included in leases, net (16,083) (19,210) Unamortized net deferred loan origination costs $ 6,279 $ 7,358
Schedule of age analysis of past due loans and leases	The following tables present an aging of the Corporation’s loans at the dates indicated: March 31, 2024 (dollars in thousands) 30-89 days past due Total past due Current Total accruing loans and leases Nonaccrual loans and leases Total loans portfolio and leases % Delinquent Commercial mortgage $ — $ — $ 762,785 $ 762,785 $ 571 $ 763,356 0.07 % Home equity lines and loans 417 417 75,148 75,565 1,181 76,746 2.08 Residential mortgage (1) 3,931 3,931 254,234 258,165 4,672 262,837 3.27 Construction 192 192 261,096 261,288 1,784 263,072 0.75 Commercial and industrial — — 312,841 312,841 15,307 328,148 4.66 Small business loans 1,712 1,712 132,146 133,858 12,746 146,604 9.86 Consumer 20 20 361 381 — 381 5.25 Leases, net 1,707 1,707 105,201 106,908 1,984 108,892 3.39 % Total $ 7,979 $ 7,979 $ 1,903,812 $ 1,911,791 $ 38,245 $ 1,950,036 2.37 % (1) Includes $13.1 million of loans at fair value of which $12.4 million are current, $— are 30-89 days past due and $771 thousand are nonaccrual. December 31, 2023 (dollars in thousands) 30-89 days past due Total past due Current Total accruing loans and leases Nonaccrual loans and leases Total loans portfolio and leases % Delinquent Commercial mortgage $ 571 $ 571 $ 737,292 $ 737,863 $ — $ 737,863 0.08 % Home equity lines and loans 566 566 74,684 75,250 1,037 76,287 2.10 Residential mortgage (1) 1,103 1,103 254,965 256,068 4,536 260,604 2.16 Construction — — 245,234 245,234 1,206 246,440 0.49 Commercial and industrial — — 287,478 287,478 15,413 302,891 5.09 Small business loans 1,499 1,499 131,403 132,902 9,440 142,342 7.69 Consumer — — 389 389 — 389 — Leases, net 2,197 2,197 117,304 119,501 2,131 121,632 3.56 % Total $ 5,936 $ 5,936 $ 1,848,749 $ 1,854,685 $ 33,763 $ 1,888,448 2.10 % (1) Includes $13.7 million of loans at fair value of which $12.9 million are current, $— are 30-89 days past due and $786 thousand are nonaccrual.
Schedule of financing receivables, nonaccrual	The following tables presents the amortized costs basis of loans and leases on nonaccrual status and loans 90 days or more past due and still accruing, net of fees and costs as of March 31, 2024 and December 31, 2023. As of this date here were no loans 90 days or more past due and still accruing. March 31, 2024 December 31, 2023 (dollars in thousands) Nonaccrual without ACL Nonaccrual with ACL Total nonaccrual Nonaccrual without ACL Nonaccrual with ACL Total nonaccrual Commercial mortgage $ 571 $ — $ 571 $ — $ — $ — Home equity lines and loans 1,181 — 1,181 1,037 — 1,037 Residential mortgage 4,672 — 4,672 4,536 — 4,536 Construction 1,784 — 1,784 1,206 — 1,206 Commercial and industrial 3,341 11,966 15,307 3,343 12,070 15,413 Small business loans 2,609 10,137 12,746 3,607 5,833 9,440 Leases, net 1,984 — 1,984 2,131 — 2,131 Total $ 16,142 $ 22,103 $ 38,245 $ 15,860 $ 17,903 $ 33,763
Schedule of non-accruing collateral dependent loans by class or loans	The following tables presents the amortized cost basis of non-accruing collateral-dependent loans by class or loans as of March 31, 2024 and December 31, 2023 under the current expected credit loss model: March 31, 2024 December 31, 2023 (dollars in thousands) Real estate Equipment and other Total Real estate Equipment and other Total Commercial mortgage $ 571 $ — $ 571 $ — $ — $ — Home equity lines and loans 1,181 — 1,181 1,037 — 1,037 Residential mortgage 4,672 — 4,672 4,536 — 4,536 Construction 1,784 — 1,784 1,206 — 1,206 Commercial and industrial 1,888 13,419 15,307 1,890 13,523 15,413 Small business loans 8,543 4,203 12,746 6,320 3,120 9,440 Leases, net — 1,984 1,984 — 2,131 2,131 Total $ 18,639 $ 19,606 $ 38,245 $ 14,989 $ 18,774 $ 33,763

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
Allowance for Credit Losses (Tables)	Mar. 31, 2024
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]
Schedule of allocation of the allowance for loan and lease losses	The following tables provide the activity of our allowance for credit losses for the three months ended March 31, 2024 and March 31, 2023 under the CECL model in accordance with ASC 326 (as adopted on January 1, 2023): Three Months Ended March 31, 2024 (dollars in thousands) Beginning balance Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,375 $ — $ — $ (196) $ 4,179 Home equity lines and loans 998 — 2 (42) 958 Residential mortgage 1,020 — — 157 1,177 Construction 485 — — 98 583 Commercial and industrial 4,518 (208) 2 771 5,083 Small business loans 7,005 (87) 3 884 7,805 Consumer — (1) 1 1 1 Leases 3,706 (2,148) 126 1,701 3,385 Total $ 22,107 $ (2,444) $ 134 $ 3,374 $ 23,171 Three Months Ended March 31, 2023 (dollars in thousands) Beginning Balance Adjustment to initially apply ASU No. 2016-13 for CECL Charge-offs Recoveries Provision (recovery of provision) for credit losses Ending balance Commercial mortgage $ 4,095 $ (526) $ — $ — $ (94) $ 3,475 Home equity lines and loans 188 439 (33) 2 19 615 Residential mortgage 948 17 — — (97) 868 Construction 3,075 (1,763) — — (193) 1,119 Commercial and industrial 4,012 (1,023) — 39 (295) 2,733 Small business loans 4,909 1,110 — — 297 6,316 Consumer 3 (3) — — — — Leases 1,598 3,345 (1,464) 3 1,834 5,316 Total $ 18,828 $ 1,596 $ (1,497) $ 44 $ 1,471 $ 20,442
Reconciliation of provision for credit losses	The following table provides a reconciliation of the provision for credit losses on the consolidated statements of income between the funded and unfunded components at the dates indicated: Three Months Ended (dollars in thousands) 2024 2023 Provision for credit losses - funded $ 3,374 $ 1,471 Recovery of provision for credit losses - unfunded (508) (72) Total provision for credit losses $ 2,866 $ 1,399
Allowance allocated by portfolio segment	The following tables detail the allocation of the ACL and the carrying value for loans and leases by portfolio segment based on the methodology used to evaluate the loans and leases at the dates indicated: March 31, 2024 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually evaluated Collectively evaluated Total Individually evaluated Collectively evaluated Total Commercial mortgage $ — $ 4,179 $ 4,179 $ 571 $ 762,785 $ 763,356 Home equity lines and loans — 958 958 1,181 75,565 76,746 Residential mortgage — 1,177 1,177 3,901 245,797 249,698 Construction — 583 583 1,784 261,288 263,072 Commercial and industrial 4,061 1,022 5,083 15,307 312,841 328,148 Small business loans 4,402 3,403 7,805 12,746 133,858 146,604 Consumer — 1 1 — 381 381 Leases, net — 3,385 3,385 1,984 106,908 108,892 Total (1) $ 8,463 $ 14,708 $ 23,171 $ 37,474 $ 1,899,423 $ 1,936,897 ( 1) Excludes deferred fees and loans carried at fair value. December 31, 2023 Allowance for credit losses Carrying value of loans and leases (dollars in thousands) Individually evaluated Collectively evaluated Total Individually evaluated Collectively evaluated Total Commercial mortgage $ — $ 4,375 $ 4,375 $ — $ 737,863 $ 737,863 Home equity lines and loans — 998 998 1,037 75,250 76,287 Residential mortgage — 1,020 1,020 3,750 243,128 246,878 Construction — 485 485 1,206 245,234 246,440 Commercial and industrial 3,691 827 4,518 15,413 287,478 302,891 Small business loans 2,805 4,200 7,005 9,440 132,902 142,342 Consumer — — — — 389 389 Leases, net — 3,706 3,706 2,131 119,501 121,632 Total (1) $ 6,496 $ 15,611 $ 22,107 $ 32,977 $ 1,841,745 $ 1,874,722 ( 1) Excludes deferred fees and loans carried at fair value.
Schedule of carrying value of loans and leases by portfolio segment based on the credit quality indicators	he following tables detail the carrying value of loans and leases by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses at the dates indicated: March 31, 2024 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans (dollars in thousands) 2024 2023 2022 2021 2020 Prior Commercial mortgage Pass/Watch $ 28,664 $ 106,084 $ 166,840 $ 152,738 $ 96,579 $ 192,570 $ 511 $ 743 $ 744,729 Special Mention — — — — 4,823 9,873 667 — 15,363 Substandard — 200 — 571 — 2,493 — — 3,264 Total $ 28,664 $ 106,284 $ 166,840 $ 153,309 $ 101,402 $ 204,936 $ 1,178 $ 743 $ 763,356 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 24,052 $ 74,841 $ 77,792 $ 20,778 $ 24,823 $ 4,353 $ 123 $ 25,066 $ 251,828 Special Mention — — — 1,352 638 4,329 — 3,140 9,459 Substandard — — — 67 — 1,718 — — 1,785 Total $ 24,052 $ 74,841 $ 77,792 $ 22,197 $ 25,461 $ 10,400 $ 123 $ 28,206 $ 263,072 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 35,892 $ 24,890 $ 28,772 $ 23,569 $ 9,994 $ 35,967 $ — $ 134,590 $ 293,674 Special Mention — — — — — 1,356 — 4,706 6,062 Substandard — — 3,940 2,906 — 6,886 — 14,680 28,412 Total $ 35,892 $ 24,890 $ 32,712 $ 26,475 $ 9,994 $ 44,209 $ — $ 153,976 $ 328,148 Current period gross charge-offs $ — $ (204) $ — $ — $ — $ — $ — $ (4) $ (208) Small business loans Pass/Watch $ 8,549 $ 30,066 $ 28,585 $ 35,029 $ 11,274 $ 7,382 $ — $ 12,552 $ 133,437 Special Mention — — — — — — — — — Substandard — 86 2,482 5,897 2,804 — — 1,898 13,167 Total $ 8,549 $ 30,152 $ 31,067 $ 40,926 $ 14,078 $ 7,382 $ — $ 14,450 $ 146,604 Current period gross charge-offs $ — $ — $ — $ (44) $ — $ — $ — $ (43) $ (87) Total by risk rating Pass/Watch $ 97,157 $ 235,881 $ 301,989 $ 232,114 $ 142,670 $ 240,272 $ 634 $ 172,951 $ 1,423,668 Special Mention — — — 1,352 5,461 15,558 667 7,846 30,884 Substandard — 286 6,422 9,441 2,804 11,097 — 16,578 46,628 Total $ 97,157 $ 236,167 $ 308,411 $ 242,907 $ 150,935 $ 266,927 $ 1,301 $ 197,375 $ 1,501,180 Total current period gross charge-offs $ — $ (204) $ — $ (44) $ — $ — $ — $ (47) $ (295) December 31, 2023 Revolving Loans Converted to Term Loans Revolving Loans Total Term Loans (dollars in thousands) 2023 2022 2021 2020 2019 Prior Commercial mortgage Pass/Watch $ 106,341 $ 160,302 $ 158,647 $ 97,535 $ 56,382 $ 133,349 $ 511 $ 423 $ 713,490 Special Mention — — — 4,425 4,341 9,975 667 — 19,408 Substandard 200 — 571 — 1,635 2,233 — 326 4,965 Doubtful — — — — — — — — — Total $ 106,541 $ 160,302 $ 159,218 $ 101,960 $ 62,358 $ 145,557 $ 1,178 $ 749 $ 737,863 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Pass/Watch $ 67,776 $ 88,737 $ 21,793 $ 27,336 $ 2,307 $ 2,093 $ 123 $ 25,976 $ 236,141 Special Mention — — 1,329 — 511 4,329 — 2,924 9,093 Substandard — — — — — 1,206 — — 1,206 Doubtful — — — — — — — — — Total $ 67,776 $ 88,737 $ 23,122 $ 27,336 $ 2,818 $ 7,628 $ 123 $ 28,900 $ 246,440 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass/Watch $ 26,314 $ 38,748 $ 24,523 $ 8,449 $ 4,148 $ 33,726 $ — $ 131,304 $ 267,212 Special Mention 500 9 — — — 1,361 — 6,440 8,310 Substandard — — 2,906 — 300 9,469 — 14,694 27,369 Doubtful — — — — — — — — — Total $ 26,814 $ 38,757 $ 27,429 $ 8,449 $ 4,448 $ 44,556 $ — $ 152,438 $ 302,891 Current period gross charge-offs $ (209) $ (55) $ — $ (2) $ — $ — $ — $ — $ (266) Small business loans Pass/Watch $ 35,764 $ 26,621 $ 37,278 $ 11,687 $ 6,672 $ 920 $ — $ 12,507 $ 131,449 Special Mention — — — 909 — — — 314 1,223 Substandard 49 1,523 5,090 2,122 — — — 886 9,670 Doubtful — — — — — — — — — Total $ 35,813 $ 28,144 $ 42,368 $ 14,718 $ 6,672 $ 920 $ — $ 13,707 $ 142,342 Current period gross charge-offs $ — $ — $ — $ (11) $ (912) $ — $ — $ (565) $ (1,488) Total by risk rating Pass/Watch $ 236,195 $ 314,408 $ 242,241 $ 145,007 $ 69,509 $ 170,088 $ 634 $ 170,210 $ 1,348,292 Special Mention 500 9 1,329 5,334 4,852 15,665 667 9,678 38,034 Substandard 249 1,523 8,567 2,122 1,935 12,908 — 15,906 43,210 Doubtful — — — — — — — — — Total $ 236,944 $ 315,940 $ 252,137 $ 152,463 $ 76,296 $ 198,661 $ 1,301 $ 195,794 $ 1,429,536 Total current period gross charge-offs $ (209) $ (55) $ — $ (13) $ (912) $ — $ — $ (565) $ (1,754) The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at March 31, 2024 and December 31, 2023. In addition to credit quality indicators as shown in the above tables, allowance allocations for residential mortgages, consumer loans and leases are also applied based on their performance status at the dates indicated: March 31, 2024 Revolving Loans Total Term Loans (dollars in thousands) 2024 2023 2022 2021 2020 Prior Home equity lines and loans Performing $ 122 $ 340 $ 788 $ 311 $ 347 $ 4,152 $ 69,025 $ 75,085 Nonperforming — 1,661 1,661 Total $ 122 $ 340 $ 788 $ 311 $ 347 $ 4,152 $ 70,686 $ 76,746 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential mortgage (1) Performing $ 7,247 $ 49,114 $ 149,606 $ 21,692 $ 6,430 $ 11,708 $ — $ 245,797 Nonperforming — — 1,515 — 1,031 1,355 — 3,901 Total $ 7,247 $ 49,114 $ 151,121 $ 21,692 $ 7,461 $ 13,063 $ — $ 249,698 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ 40 $ 30 $ — $ — $ 259 $ 52 $ 381 Nonperforming — — — — — — — — Total $ — $ 40 $ 30 $ — $ — $ 259 $ 52 $ 381 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ (1) $ (1) Leases, net Performing $ 123 $ 20,621 $ 50,571 $ 27,386 $ 8,207 $ — $ — $ 106,908 Nonperforming — 285 1,081 408 210 — — 1,984 Total $ 123 $ 20,906 $ 51,652 $ 27,794 $ 8,417 $ — $ — $ 108,892 Current period gross charge-offs $ — $ (369) $ (1,429) $ (277) $ (73) $ — $ — $ (2,148) Total by Payment Performance Performing $ 7,492 $ 70,115 $ 200,995 $ 49,389 $ 14,984 $ 16,119 $ 69,077 $ 428,171 Nonperforming — 285 2,596 408 1,241 1,355 1,661 7,546 Total $ 7,492 $ 70,400 $ 203,591 $ 49,797 $ 16,225 $ 17,474 $ 70,738 $ 435,717 Total current period gross charge-offs $ — $ (369) $ (1,429) $ (277) $ (73) $ — $ (1) $ (2,149) (1) Excludes $13.1 million of loans at fair value. December 31, 2023 Revolving Loans Total Term Loans (dollars in thousands) 2023 2022 2021 2020 2019 Prior Home equity lines and loans Performing $ 343 $ 795 $ 314 $ 352 $ 2,191 $ 2,295 $ 68,600 $ 74,890 Nonperforming — — — — — — 1,397 1,397 Total $ 343 $ 795 $ 314 $ 352 $ 2,191 $ 2,295 $ 69,997 $ 76,287 Current period gross charge-offs $ — $ — $ — $ — $ (33) $ — $ (54) $ (87) Residential mortgage (1) Performing $ 48,576 $ 154,219 $ 22,237 $ 6,260 $ 456 $ 11,380 $ — $ 243,128 Nonperforming — 1,350 — 1,043 — 1,357 — 3,750 Total $ 48,576 $ 155,569 $ 22,237 $ 7,303 $ 456 $ 12,737 $ — $ 246,878 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ 39 $ 35 $ — $ — $ 32 $ 234 $ 49 $ 389 Nonperforming — — — — — — — — Total $ 39 $ 35 $ — $ — $ 32 $ 234 $ 49 $ 389 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ (2) $ (2) Leases, net Performing $ 23,054 $ 55,940 $ 30,876 $ 9,718 $ — $ — $ — $ 119,588 Nonperforming 263 1,194 368 219 — — — 2,044 Total $ 23,317 $ 57,134 $ 31,244 $ 9,937 $ — $ — $ — $ 121,632 Current period gross charge-offs $ (128) $ (2,165) $ (1,450) $ (290) $ — $ — $ — $ (4,033) Total by Payment Performance Performing $ 72,012 $ 210,989 $ 53,427 $ 16,330 $ 2,679 $ 13,909 $ 68,649 $ 437,995 Nonperforming 263 2,544 368 1,262 — 1,357 1,397 7,191 Total $ 72,275 $ 213,533 $ 53,795 $ 17,592 $ 2,679 $ 15,266 $ 70,046 $ 445,186 Total current period gross charge-offs $ (128) $ (2,165) $ (1,450) $ (290) $ (33) $ — $ (56) $ (4,122) (1) Excludes $13.7 million of fair value loans
Financing receivable, modified	The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2024. There were no modifications granted to debtors experiencing financial difficulty for the three months ended March 31, 2023. Three Months Ended March 31, 2024 Number of Loans Amortized Cost Basis % of Total Class of Financing Receivable Related Reserve (dollars in thousands) Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 2 $ 359 0.2 % $ — Commercial & industrial 2 1,097 0.3 % — Total 4 $ 1,456 $ — Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 1 $ 895 0.6 % $ 784 Total 1 $ 895 $ 784 The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2024. Three Months Ended March 31, 2024 Number of Loans (dollars in thousands) Financial Effect Accruing Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 2 Extend maturity date Commercial & industrial 2 Extend maturity date and allow additional lender funding Total 4 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty: Small business loans 1 Total 1

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt (Tables)	3 Months Ended
Short-Term Borrowings and Long-Term Debt (Tables)	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of short term borrowings	The following table presents short-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest March 31, December 31, FHLB Open Repo Plus Weekly 06/10/2024 5.68% $ 84,789 $ 104,792 FRB BTFP Advances 03/29/2024 4.76% — 33,000 FHLB Mid-term Repo Fixed 9/30/2024 4.60% 3,432 3,432 FHLB Mid-term Repo Fixed 10/25/2024 5.03% 8,097 — FHLB Mid-term Repo Fixed 1/27/2025 4.85% 8,000 — FHLB Mid-term Repo Fixed 2/24/2025 5.35% 7,813 — Total Short-Term Borrowings $ 112,131 $ 141,224
Schedule of long term debt	The following table presents long-term borrowings at the dates indicated: (dollars in thousands) Maturity Interest March 31, December 31, FHLB Mid-term Repo Fixed 12/22/2025 4.23% $ 8,935 $ 8,935 FHLB Mid-term Repo Fixed 10/14/2025 5.16% 9,492 9,492 FHLB Mid-term Repo Fixed 7/14/2026 4.57% 15,245 15,245 Total Long-Term Borrowings $ 33,672 $ 33,672

Servicing Assets (Tables)

Servicing Assets (Tables)	3 Months Ended
Servicing Assets (Tables)	Mar. 31, 2024
Mortgage Servicing Rights
Servicing Assets at Fair Value [Line Items]
Schedule of servicing assets	Changes in the MSR balance are summarized as follows: Three months ended (dollars in thousands) 2024 2023 Balance at beginning of the period $ 8,622 $ 9,942 Servicing rights capitalized 10 — Amortization of servicing rights (318) (371) Change in valuation allowance — 2 Balance at end of the period $ 8,314 $ 9,573
Schedule of valuation allowance for servicing assets	Activity in the valuation allowance for MSRs was as follows: Three months ended (dollars in thousands) 2024 2023 Valuation allowance, beginning of period $ — $ (2) Impairment — — Recovery — 2 Valuation allowance, end of period $ — $ —
Schedule of sensitivity of fair value of servicing assets	The sensitivity of the current fair value of the residential mortgage servicing rights to immediate 10% and 20% favorable and unfavorable changes in key economic assumptions are included in the following table. (dollars in thousands) March 31, December 31, Fair value of residential mortgage servicing rights $ 10,973 $ 11,221 Weighted average life (months) 28 28 Prepayment speed 8.29 % 8.57 % Impact on fair value: 10% adverse change $ (253) $ (506) 20% adverse change (496) (973) Discount rate 9.50 % 9.50 % Impact on fair value: 10% adverse change $ (404) $ (415) 20% adverse change (781) (799)
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Schedule of servicing assets	Changes in the SBA loan servicing asset balance are summarized as follows: Three months ended (dollars in thousands) 2024 2023 Balance at beginning of the period $ 3,127 $ 2,404 Servicing rights capitalized 197 214 Amortization of servicing rights (241) (195) Change in valuation allowance 176 129 Balance at end of the period $ 3,259 $ 2,552
Schedule of valuation allowance for servicing assets	Activity in the valuation allowance for SBA loan servicing assets was as follows: Three months ended (dollars in thousands) 2024 2023 Valuation allowance, beginning of period $ (268) $ (364) Impairment — — Recovery 176 129 Valuation allowance, end of period $ (92) $ (235)
Schedule of sensitivity of fair value of servicing assets	The sensitivity of the current fair value of the SBA loan servicing rights to immediate 10% and 20% favorable and unfavorable changes in key economic assumptions are included in the following table. (dollars in thousands) March 31, December 31, Fair value of SBA loan servicing rights $ 3,567 $ 3,376 Weighted average life (years) 3.3 3.8 Prepayment speed 15.21 % 14.70 % Impact on fair value: 10% adverse change $ (143) $ (125) 20% adverse change (275) (241) Discount rate 13.93 % 14.66 % Impact on fair value: 10% adverse change $ (79) $ (74) 20% adverse change (155) (145)

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	3 Months Ended
Fair Value Measurements and Disclosures (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of financial assets measured at fair value on a recurring basis	The following table presents the fair value of financial assets measured at fair value on a recurring basis by level within the fair value hierarchy at the dates indicated : March 31, 2024 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 19,153 $ — $ 19,153 $ — U.S. government agency MBS 22,347 — 22,347 — U.S. government agency CMO 23,119 — 23,119 — State and municipal securities 35,731 — 35,731 — U.S. Treasuries 30,318 30,318 — — Non-U.S. government agency CMO 13,061 — 13,061 Corporate bonds 7,267 — 7,267 — Equity investments 2,092 — 2,092 — Mortgage loans held for sale 29,124 — 29,124 — Mortgage loans held for investment 13,139 — 13,139 — Interest rate lock commitments 288 — — 288 Forward commitments — — — — Customer derivatives - interest rate swaps 3,758 — 3,758 — Interest rate swaps 437 — 437 — Total $ 199,834 $ 30,318 $ 169,228 $ 288 Liabilities Interest rate lock commitments $ 84 $ — $ — $ 84 Customer derivatives - interest rate swaps 3,754 — 3,754 — Risk Participation Agreements 5 — 5 — Total $ 3,843 $ — $ 3,759 $ 84 December 31, 2023 (dollars in thousands) Total Level 1 Level 2 Level 3 Assets Securities available for sale: U.S. asset backed securities $ 16,824 $ — $ 16,824 $ — U.S. government agency MBS 22,634 — 22,634 — U.S. government agency CMO 19,573 — 19,573 — State and municipal securities 36,216 — 36,216 — U.S. Treasuries 30,422 30,422 — — Non-U.S. government agency CMO 13,155 — 13,155 — Corporate bonds 7,195 — 7,195 — Equity investments 2,121 — 2,121 — Mortgage loans held for sale 24,816 — 24,816 — Mortgage loans held for investment 13,726 — 13,726 — Interest rate lock commitments 214 — — 214 Customer derivatives - interest rate swaps 3,528 — 3,528 — Total $ 190,424 $ 30,422 $ 159,788 $ 214 Liabilities Interest rate lock commitments $ 17 $ — $ — $ 17 Forward commitments 41 — 41 — Customer derivatives - interest rate swaps 3,544 — 3,544 — Risk Participation Agreements 11 — 11 — Total $ 3,613 $ — $ 3,596 $ 17
Schedule of financial assets measured at fair value on non-recurring basis	The following table presents assets measured at fair value on a nonrecurring basis at the dates indicated: (dollars in thousands) March 31, December 31, Mortgage servicing rights $ 8,314 $ 8,621 SBA loan servicing rights 3,259 3,127 Individually evaluated loans (1) Commercial and industrial 7,905 9,818 Small business loans 5,735 3,134 Total $ 25,213 $ 24,700
Schedule of measurement inputs	The following table details the valuation techniques for Level 3 individually evaluated loans. (dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs March 31, 2024 $ 13,640 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-33% discount December 31, 2023 12,952 Appraisal of collateral Management adjustments on appraisals for property type and recent activity 2%-33% discount The following table details the valuation techniques for Level 3 interest rate lock commitments. (dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs Weighted Average March 31, 2024 $ 288 Market comparable pricing Pull through 1 - 99% 79.83% December 31, 2023 214 Market comparable pricing Pull through 1 - 99% 79.48
Schedule of estimated fair values of financial instruments	The following table presents the estimated fair values of the Corporation’s financial instruments at the dates indicated: March 31, 2024 December 31, 2023 (dollars in thousands) Fair Value Carrying Fair value Carrying Fair value Financial assets: Cash and cash equivalents Level 1 $ 23,027 $ 23,027 $ 56,697 $ 56,697 Mortgage loans held for sale Level 2 29,124 29,124 24,816 24,816 Loans receivable, net of the allowance for credit losses Level 3 1,943,176 1,889,637 1,882,080 1,832,558 Mortgage loans held for investment Level 2 13,139 13,139 13,726 13,726 Financial liabilities: Deposits Level 2 $ 1,900,696 $ 1,888,300 $ 1,823,462 $ 1,834,700 Borrowings Level 2 145,803 159,800 174,896 176,400 Subordinated debentures Level 2 49,867 49,721 49,836 50,223
Schedule of level 3 inputs reconciliation	The following table includes a rollforward of interest rate lock commitments for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the periods indicated. Three months ended (dollars in thousands) 2024 2023 Balance at beginning of the period $ 214 $ 87 Increase in value 74 52 Balance at end of the period $ 288 $ 139

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
Derivative Financial Instruments (Tables)	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of the notional amounts and fair values of derivative financial instruments	The following table presents a summary of notional amounts and fair values of derivative financial instruments at the dates indicated: March 31, 2024 December 31, 2023 (dollars in thousands) Balance Sheet Line Item Notional Amount Asset (Liability) Fair Value Notional Amount Asset (Liability) Fair Value Interest Rate Lock Commitments Positive fair values Other assets $ 61,882 $ 288 $ 33,735 $ 214 Negative fair values Other liabilities 15,943 (84) 5,399 (17) Total $ 77,825 $ 204 $ 39,134 $ 197 Forward Commitments Positive fair values Other assets $ — $ — $ — $ — Negative fair values Other liabilities — — 4,250 (41) Total $ — $ — $ 4,250 $ (41) Customer Derivatives - Interest Rate Swaps Positive fair values Other assets $ 50,119 $ 3,758 $ 50,593 $ 3,528 Negative fair values Other liabilities 50,119 (3,754) 50,593 (3,544) Total $ 100,238 $ 4 $ 101,186 $ (17) Risk Participation Agreements Positive fair values Other assets $ — $ — $ — $ — Negative fair values Other liabilities 7,051 (5) 7,082 (11) Total $ 7,051 $ (5) $ 7,082 $ (11) Interest Rate Swaps Positive fair values Other assets $ 75,000 $ 437 $ — $ — Negative fair values Other liabilities — — 75,000 (539) Total $ 75,000 $ 437 $ 75,000 $ (539) Total derivative financial instruments $ 260,114 $ 640 $ 226,652 $ (410)
Summary of the fair value gains and losses on derivative financial instruments	The following table presents a summary of the fair value gains and (losses) on derivative financial instruments: Three months ended (dollars in thousands) 2024 2023 Interest Rate Lock Commitments $ 7 $ (37) Forward Commitments 41 — Customer Derivatives - Interest Rate Swaps 21 (28) Risk Participation Agreements 6 (4) Interest Rate Swaps 976 — Net fair value gains (losses) on derivative financial instruments $ 1,051 $ (69)

Segments (Tables)

Segments (Tables)	3 Months Ended
Segments (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of business segment financial information	The table below summarizes income and expenses, directly attributable to each business line, which have been included in the statement of operations. Total assets for each segment is also provided. Segment Information Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 (Dollars in thousands) Bank Wealth Mortgage Total Bank Wealth Mortgage Total Net interest income $ 16,592 $ (6) $ 23 $ 16,609 $ 17,627 $ 24 $ 26 $ 17,677 Provision for credit losses 2,866 — — 2,866 1,399 — — 1,399 Net interest income after provision 13,726 (6) 23 13,743 16,228 24 26 16,278 Non-interest Income Mortgage banking income 88 — 3,546 3,634 58 — 3,214 3,272 Wealth management income — 1,317 — 1,317 — 1,196 — 1,196 SBA loan income 986 — — 986 713 — — 713 Net change in fair values 28 — (130) (102) (31) — 78 47 Net gain on hedging activity — — (19) (19) — — — — Other 772 — 1,396 2,168 689 — 721 1,410 Non-interest income 1,874 1,317 4,793 7,984 1,429 1,196 4,013 6,638 Non-interest expense 12,060 833 5,281 18,174 10,698 989 6,102 17,789 Income (loss) before income taxes $ 3,540 $ 478 $ (465) $ 3,553 $ 6,959 $ 231 $ (2,063) $ 5,127 Total Assets $ 2,219,626 $ 9,335 $ 63,962 $ 2,292,923 $ 2,171,679 $ 8,090 $ 50,014 $ 2,229,783

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details)	Feb. 28, 2023 $ / shares	Mar. 31, 2024 $ / shares	Dec. 31, 2023 $ / shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock split, conversion ratio	2
Common stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Stock dividend received for every share held (in shares)	1

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator for earnings per share:
Net income available to common stockholders	$ 2,676	$ 4,021
Denominators for earnings per share:
Weighted average shares outstanding (in shares)	11,245	11,456
Average unearned ESOP shares (in shares)	(157)	(184)
Basic weighted averages shares outstanding (in shares)	11,088	11,272
Dilutive effects of assumed exercises of stock options (in shares)	113	230
Dilutive effects of SERP shares (in shares)	0	154
Diluted weighted averages shares outstanding (in shares)	11,201	11,656
Basic earnings per share (in USD per share)	$ 0.24	$ 0.36
Diluted earnings per share (in USD per share)	$ 0.24	$ 0.34
Antidilutive shares excluded from computation of average dilutive earnings per share (in shares)	585	463

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value (Details) $ in Thousands	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 161,865	$ 156,492
Gross unrealized gains	383	491
Gross unrealized losses	(11,252)	(10,964)
Allowance for credit losses	0	0
Debt securities, fair value	$ 150,996	$ 146,019
# of Securities in unrealized loss position \| security	133	133
Securities held to maturity:
Amortized cost	$ 35,157	$ 35,781
Gross unrealized gains	20	52
Gross unrealized losses	(3,174)	(3,103)
Allowance for credit losses	0	0
Fair value	$ 32,003	$ 32,730
# of Securities in unrealized loss position \| security	21	21
U.S. asset backed securities
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 19,285	$ 17,012
Gross unrealized gains	43	25
Gross unrealized losses	(175)	(213)
Allowance for credit losses	0	0
Debt securities, fair value	$ 19,153	$ 16,824
# of Securities in unrealized loss position \| security	10	11
U.S. government agency MBS
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 22,539	$ 22,750
Gross unrealized gains	251	364
Gross unrealized losses	(443)	(480)
Allowance for credit losses	0	0
Debt securities, fair value	$ 22,347	$ 22,634
# of Securities in unrealized loss position \| security	13	14
U.S. government agency CMO
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 25,440	$ 21,850
Gross unrealized gains	0	0
Gross unrealized losses	(2,321)	(2,277)
Allowance for credit losses	0	0
Debt securities, fair value	$ 23,119	$ 19,573
# of Securities in unrealized loss position \| security	31	30
State and municipal securities
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 39,911	$ 40,093
Gross unrealized gains	0	0
Gross unrealized losses	(4,180)	(3,877)
Allowance for credit losses	0	0
Debt securities, fair value	$ 35,731	$ 36,216
# of Securities in unrealized loss position \| security	31	31
Securities held to maturity:
Amortized cost		$ 35,781
Gross unrealized gains		52
Gross unrealized losses	$ (3,174)	(3,103)
Allowance for credit losses		0
Fair value		$ 32,730
# of Securities in unrealized loss position \| security		21
U.S. Treasuries
Securities available-for-sale:
Securities available-for-sale, amortized cost	32,983	$ 32,982
Gross unrealized gains	0	0
Gross unrealized losses	(2,665)	(2,560)
Allowance for credit losses	0	0
Debt securities, fair value	$ 30,318	$ 30,422
# of Securities in unrealized loss position \| security	25	25
Non-U.S. government agency CMO
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 13,507	$ 13,605
Gross unrealized gains	89	102
Gross unrealized losses	(535)	(552)
Allowance for credit losses	0	0
Debt securities, fair value	$ 13,061	$ 13,155
# of Securities in unrealized loss position \| security	10	9
Corporate bonds
Securities available-for-sale:
Securities available-for-sale, amortized cost	$ 8,200	$ 8,200
Gross unrealized gains	0	0
Gross unrealized losses	(933)	(1,005)
Allowance for credit losses	0	0
Debt securities, fair value	$ 7,267	$ 7,195
# of Securities in unrealized loss position \| security	13	13

Securities - Additional Informa

Securities - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)
Securities
Number of securities deemed other-than-temporarily impaired \| security	0
Debt securities, fair value	$ 150,996	$ 146,019
Asset Pledged as Collateral
Securities
Debt securities, fair value	$ 57,800	$ 60,100

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	$ 17,564	$ 14,566
12 Months or More, Fair Value	110,090	110,242
Total Fair Value	127,654	124,808
Less than 12 Months, Unrealized Losses	(267)	(193)
12 Months or More, Unrealized Losses	(10,985)	(10,771)
Total Unrealized Losses	(11,252)	(10,964)
Debt Securities, Held-to-Maturity, Maturity [Abstract]
Less than 12 Months, Fair Value	1,067	1,021
12 Months or More, Fair Value	29,631	29,404
Total Fair Value	30,698	30,425
Less than 12 Months, Unrecognized Loss	(2)	(6)
12 Months or More, Unrecognized Loss	(3,172)	(3,097)
Total securities held-to-maturity	(3,174)	(3,103)
U.S. asset backed securities
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	5,729	4,981
12 Months or More, Fair Value	5,207	6,195
Total Fair Value	10,936	11,176
Less than 12 Months, Unrealized Losses	(32)	(25)
12 Months or More, Unrealized Losses	(143)	(188)
Total Unrealized Losses	(175)	(213)
U.S. government agency MBS
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	3,653	4,864
12 Months or More, Fair Value	8,255	8,170
Total Fair Value	11,908	13,034
Less than 12 Months, Unrealized Losses	(70)	(35)
12 Months or More, Unrealized Losses	(373)	(445)
Total Unrealized Losses	(443)	(480)
U.S. government agency CMO
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	4,837	2,687
12 Months or More, Fair Value	18,282	16,886
Total Fair Value	23,119	19,573
Less than 12 Months, Unrealized Losses	(57)	(36)
12 Months or More, Unrealized Losses	(2,264)	(2,241)
Total Unrealized Losses	(2,321)	(2,277)
State and municipal securities
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	0	0
12 Months or More, Fair Value	35,731	36,216
Total Fair Value	35,731	36,216
Less than 12 Months, Unrealized Losses	0	0
12 Months or More, Unrealized Losses	(4,180)	(3,877)
Total Unrealized Losses	(4,180)	(3,877)
Debt Securities, Held-to-Maturity, Maturity [Abstract]
Less than 12 Months, Fair Value	1,067	1,021
12 Months or More, Fair Value	29,631	29,404
Total Fair Value	30,698	30,425
Less than 12 Months, Unrecognized Loss	(2)	(6)
12 Months or More, Unrecognized Loss	(3,172)	(3,097)
Total securities held-to-maturity	(3,174)	(3,103)
U.S. Treasuries
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	0	0
12 Months or More, Fair Value	30,318	30,422
Total Fair Value	30,318	30,422
Less than 12 Months, Unrealized Losses	0	0
12 Months or More, Unrealized Losses	(2,665)	(2,560)
Total Unrealized Losses	(2,665)	(2,560)
Non-U.S. government agency CMO
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	2,438	1,127
12 Months or More, Fair Value	5,937	6,065
Total Fair Value	8,375	7,192
Less than 12 Months, Unrealized Losses	(14)	(4)
12 Months or More, Unrealized Losses	(521)	(548)
Total Unrealized Losses	(535)	(552)
Corporate bonds
Activity in available-for-sale securities:
Less than 12 Months, Fair Value	907	907
12 Months or More, Fair Value	6,360	6,288
Total Fair Value	7,267	7,195
Less than 12 Months, Unrealized Losses	(94)	(93)
12 Months or More, Unrealized Losses	(839)	(912)
Total Unrealized Losses	$ (933)	$ (1,005)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Contractual Maturities, Available-for-sale, Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	32,983
Due after five years through ten years	16,509
Due after ten years	50,887
Subtotal	100,379
Mortgage-related securities	61,486
Securities available-for-sale, amortized cost	161,865	$ 156,492
Contractual Maturities, Available-for-sale, Fair Value
Due in one year or less	0
Due after one year through five years	30,318
Due after five years through ten years	15,036
Due after ten years	47,115
Subtotal	92,469
Mortgage-related securities	58,527
Fair value	150,996	146,019
Contractual Maturities, Held-to-maturity, Amortized Cost
Due in one year or less	0
Due after one year through five years	3,334
Due after five years through ten years	4,337
Due after ten years	27,486
Subtotal	35,157
Mortgage-related securities	0
Amortized cost	35,157	35,781
Contractual Maturities, Held-to-maturity, Fair Value
Due in one year or less	0
Due after one year through five years	3,212
Due after five years through ten years	3,677
Due after ten years	25,114
Subtotal	32,003
Mortgage-related securities	0
Total	$ 32,003	$ 32,730

Loans and Other Finance Recei_3

Loans and Other Finance Receivables - Loans Outstanding by Category (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans Receivable
Total loans	$ 1,950,036	$ 1,888,448
Residential mortgage real estate loans accounted under fair value option, at fair value	13,139	13,726
Residential mortgage real estate loans accounted under fair value option, at amortized cost	15,812	16,198
Unearned lease income included in leases, net	(16,083)	(19,210)
Unamortized net deferred loan origination costs	6,279	7,358
Real estate loans:
Loans Receivable
Total loans	1,366,011	1,321,194
Real estate loans: \| Commercial mortgage
Loans Receivable
Total loans	763,356	737,863
Real estate loans: \| Home equity lines and loans
Loans Receivable
Total loans	76,746	76,287
Real estate loans: \| Residential mortgage
Loans Receivable
Total loans	262,837	260,604
Real estate loans: \| Construction
Loans Receivable
Total loans	263,072	246,440
Commercial and industrial
Loans Receivable
Total loans	328,148	302,891
Small business loans
Loans Receivable
Total loans	146,604	142,342
Consumer
Loans Receivable
Total loans	381	389
Leases, net
Loans Receivable
Total loans	$ 108,892	$ 121,632

Loans and Other Finance Recei_4

Loans and Other Finance Receivables - Age Analysis of Past Due Loans and Leases (Details) $ in Thousands	Mar. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan
Age Analysis of Past Due Loans and Leases
Total loans	$ 1,950,036	$ 1,888,448
Total accruing loans and leases	1,911,791	1,854,685
Nonaccrual loans and leases	$ 38,245	$ 33,763
% Delinquent	2.37%	2.10%
Residential mortgage real estate loans accounted under fair value option, at fair value	$ 13,139	$ 13,726
Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases	1,181	1,037
Residential mortgage
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases	4,672	4,536
Construction
Age Analysis of Past Due Loans and Leases
Nonaccrual loans and leases	1,784	1,206
Real estate loans:
Age Analysis of Past Due Loans and Leases
Total loans	1,366,011	1,321,194
Real estate loans: \| Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	763,356	737,863
Total accruing loans and leases	762,785	737,863
Nonaccrual loans and leases	$ 571	$ 0
% Delinquent	0.07%	0.08%
Real estate loans: \| Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	$ 76,746	$ 76,287
Total accruing loans and leases	75,565	75,250
Nonaccrual loans and leases	$ 1,181	$ 1,037
% Delinquent	2.08%	2.10%
Real estate loans: \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	$ 262,837	$ 260,604
Total accruing loans and leases	258,165	256,068
Nonaccrual loans and leases	$ 4,672	$ 4,536
% Delinquent	3.27%	2.16%
Real estate loans: \| Construction
Age Analysis of Past Due Loans and Leases
Total loans	$ 263,072	$ 246,440
Total accruing loans and leases	261,288	245,234
Nonaccrual loans and leases	$ 1,784	$ 1,206
% Delinquent	0.75%	0.49%
Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	$ 328,148	$ 302,891
Total accruing loans and leases	312,841	287,478
Nonaccrual loans and leases	$ 15,307	$ 15,413
% Delinquent	4.66%	5.09%
Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	$ 146,604	$ 142,342
Total accruing loans and leases	133,858	132,902
Nonaccrual loans and leases	$ 12,746	$ 9,440
% Delinquent	9.86%	7.69%
Consumer
Age Analysis of Past Due Loans and Leases
Total loans	$ 381	$ 389
Total accruing loans and leases	381	389
Nonaccrual loans and leases	$ 0	$ 0
% Delinquent	5.25%	0%
Loans in process of foreclosure, number of loans \| loan	4	4
Loans in process of foreclosure, amount	$ 937	$ 937
Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	108,892	121,632
Total accruing loans and leases	106,908	119,501
Nonaccrual loans and leases	$ 1,984	$ 2,131
% Delinquent	3.39%	3.56%
30-89 days past due
Age Analysis of Past Due Loans and Leases
Total loans	$ 7,979	$ 5,936
30-89 days past due \| Real estate loans: \| Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	0	571
30-89 days past due \| Real estate loans: \| Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	417	566
30-89 days past due \| Real estate loans: \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	3,931	1,103
30-89 days past due \| Real estate loans: \| Construction
Age Analysis of Past Due Loans and Leases
Total loans	192	0
30-89 days past due \| Residential mortgage \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Residential mortgage real estate loans accounted under fair value option, at fair value	0	0
30-89 days past due \| Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	0	0
30-89 days past due \| Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	1,712	1,499
30-89 days past due \| Consumer
Age Analysis of Past Due Loans and Leases
Total loans	20	0
30-89 days past due \| Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	1,707	2,197
Financial Asset, Past Due
Age Analysis of Past Due Loans and Leases
Total loans	7,979	5,936
Financial Asset, Past Due \| Real estate loans: \| Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	0	571
Financial Asset, Past Due \| Real estate loans: \| Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	417	566
Financial Asset, Past Due \| Real estate loans: \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	3,931	1,103
Financial Asset, Past Due \| Real estate loans: \| Construction
Age Analysis of Past Due Loans and Leases
Total loans	192	0
Financial Asset, Past Due \| Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	0	0
Financial Asset, Past Due \| Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	1,712	1,499
Financial Asset, Past Due \| Consumer
Age Analysis of Past Due Loans and Leases
Total loans	20	0
Financial Asset, Past Due \| Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	1,707	2,197
Current
Age Analysis of Past Due Loans and Leases
Total loans	1,903,812	1,848,749
Current \| Real estate loans: \| Commercial mortgage
Age Analysis of Past Due Loans and Leases
Total loans	762,785	737,292
Current \| Real estate loans: \| Home equity lines and loans
Age Analysis of Past Due Loans and Leases
Total loans	75,148	74,684
Current \| Real estate loans: \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Total loans	254,234	254,965
Current \| Real estate loans: \| Construction
Age Analysis of Past Due Loans and Leases
Total loans	261,096	245,234
Current \| Residential mortgage \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Residential mortgage real estate loans accounted under fair value option, at fair value	12,400	12,900
Current \| Commercial and industrial
Age Analysis of Past Due Loans and Leases
Total loans	312,841	287,478
Current \| Small business loans
Age Analysis of Past Due Loans and Leases
Total loans	132,146	131,403
Current \| Consumer
Age Analysis of Past Due Loans and Leases
Total loans	361	389
Current \| Leases, net
Age Analysis of Past Due Loans and Leases
Total loans	105,201	117,304
Nonaccrual \| Residential mortgage \| Residential mortgage
Age Analysis of Past Due Loans and Leases
Residential mortgage real estate loans accounted under fair value option, at fair value	$ 771	$ 786

Loans and Other Finance Recei_5

Loans and Other Finance Receivables - Schedule of Financing Receivables, Nonaccrual (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	$ 16,142	$ 15,860
Nonaccrual with ACL	22,103	17,903
Nonaccrual loans and leases	38,245	33,763
Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,181	1,037
Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	4,672	4,536
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,784	1,206
Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	571	0
Real estate loans: \| Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	1,181	1,037
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	1,181	1,037
Real estate loans: \| Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	4,672	4,536
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	4,672	4,536
Real estate loans: \| Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	1,784	1,206
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	1,784	1,206
Real estate loans: \| Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	571	0
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	571	0
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	3,341	3,343
Nonaccrual with ACL	11,966	12,070
Nonaccrual loans and leases	15,307	15,413
Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	2,609	3,607
Nonaccrual with ACL	10,137	5,833
Nonaccrual loans and leases	12,746	9,440
Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without ACL	1,984	2,131
Nonaccrual with ACL	0	0
Nonaccrual loans and leases	$ 1,984	$ 2,131

Loans and Other Finance Recei_6

Loans and Other Finance Receivables - Schedule of Non-Accruing Collateral-Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	$ 38,245	$ 33,763
Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,181	1,037
Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	4,672	4,536
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,784	1,206
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	15,307	15,413
Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	12,746	9,440
Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,984	2,131
Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	571	0
Real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	18,639	14,989
Real estate \| Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,181	1,037
Real estate \| Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	4,672	4,536
Real estate \| Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,784	1,206
Real estate \| Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,888	1,890
Real estate \| Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	8,543	6,320
Real estate \| Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Real estate \| Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	571	0
Equipment and other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	19,606	18,774
Equipment and other \| Home equity lines and loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Equipment and other \| Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Equipment and other \| Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	0	0
Equipment and other \| Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	13,419	13,523
Equipment and other \| Small business loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	4,203	3,120
Equipment and other \| Leases, net
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	1,984	2,131
Equipment and other \| Commercial mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans and leases	$ 0	$ 0

Allowance for Credit Losses - R

Allowance for Credit Losses - Roll-forward of Allowance by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 22,107	$ 18,828	$ 18,828
Charge-offs	(2,444)	(1,497)
Recoveries	134	44
Provision (recovery of provision) for credit losses	3,374	1,471
Balance at end of period	23,171	20,442	22,107
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		1,596	1,596
Commercial mortgage
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	4,375	4,095	4,095
Charge-offs	0	0	0
Recoveries	0	0
Provision (recovery of provision) for credit losses	(196)	(94)
Balance at end of period	4,179	3,475	4,375
Commercial mortgage \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		(526)	(526)
Home equity lines and loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	998	188	188
Charge-offs	0	(33)	(87)
Recoveries	2	2
Provision (recovery of provision) for credit losses	(42)	19
Balance at end of period	958	615	998
Home equity lines and loans \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		439	439
Residential mortgage
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	1,020	948	948
Charge-offs	0	0	0
Recoveries	0	0
Provision (recovery of provision) for credit losses	157	(97)
Balance at end of period	1,177	868	1,020
Residential mortgage \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		17	17
Construction
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	485	3,075	3,075
Charge-offs	0	0	0
Recoveries	0	0
Provision (recovery of provision) for credit losses	98	(193)
Balance at end of period	583	1,119	485
Construction \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		(1,763)	(1,763)
Commercial and industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	4,518	4,012	4,012
Charge-offs	(208)	0	(266)
Recoveries	2	39
Provision (recovery of provision) for credit losses	771	(295)
Balance at end of period	5,083	2,733	4,518
Commercial and industrial \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		(1,023)	(1,023)
Small business loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	7,005	4,909	4,909
Charge-offs	(87)	0	(1,488)
Recoveries	3	0
Provision (recovery of provision) for credit losses	884	297
Balance at end of period	7,805	6,316	7,005
Small business loans \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		1,110	1,110
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	0	3	3
Charge-offs	(1)	0	(2)
Recoveries	1	0
Provision (recovery of provision) for credit losses	1	0
Balance at end of period	1	0	0
Consumer \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		(3)	(3)
Leases, net
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	3,706	1,598	1,598
Charge-offs	(2,148)	(1,464)	(4,033)
Recoveries	126	3
Provision (recovery of provision) for credit losses	1,701	1,834
Balance at end of period	$ 3,385	5,316	3,706
Leases, net \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period		$ 3,345	$ 3,345

Allowance for Credit Losses - P

Allowance for Credit Losses - Provision for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Text Block [Abstract]
Provision (recovery of provision) for credit losses	$ 3,374	$ 1,471
Recovery of provision for credit losses - unfunded	(508)	(72)
Provision (recovery of provision) for credit losses	$ 2,866	$ 1,399

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance Allocated by Portfolio Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	$ 8,463	$ 6,496
Allowance on loans and leases collectively evaluated for impairment	14,708	15,611
Total allowance on loans and leases	23,171	22,107	$ 20,442	$ 18,828
Carrying value of loans and leases individually evaluated for impairment	37,474	32,977
Carrying value of loans and leases collectively evaluated for impairment	1,899,423	1,841,745
Total on carrying value of loans and leases	1,936,897	1,874,722
Commercial mortgage
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	4,179	4,375
Total allowance on loans and leases	4,179	4,375	3,475	4,095
Carrying value of loans and leases individually evaluated for impairment	571	0
Carrying value of loans and leases collectively evaluated for impairment	762,785	737,863
Total on carrying value of loans and leases	763,356	737,863
Home equity lines and loans
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	958	998
Total allowance on loans and leases	958	998	615	188
Carrying value of loans and leases individually evaluated for impairment	1,181	1,037
Carrying value of loans and leases collectively evaluated for impairment	75,565	75,250
Total on carrying value of loans and leases	76,746	76,287
Residential mortgage
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	1,177	1,020
Total allowance on loans and leases	1,177	1,020	868	948
Carrying value of loans and leases individually evaluated for impairment	3,901	3,750
Carrying value of loans and leases collectively evaluated for impairment	245,797	243,128
Total on carrying value of loans and leases	249,698	246,878
Construction
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	583	485
Total allowance on loans and leases	583	485	1,119	3,075
Carrying value of loans and leases individually evaluated for impairment	1,784	1,206
Carrying value of loans and leases collectively evaluated for impairment	261,288	245,234
Total on carrying value of loans and leases	263,072	246,440
Commercial and industrial
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	4,061	3,691
Allowance on loans and leases collectively evaluated for impairment	1,022	827
Total allowance on loans and leases	5,083	4,518	2,733	4,012
Carrying value of loans and leases individually evaluated for impairment	15,307	15,413
Carrying value of loans and leases collectively evaluated for impairment	312,841	287,478
Total on carrying value of loans and leases	328,148	302,891
Small business loans
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	4,402	2,805
Allowance on loans and leases collectively evaluated for impairment	3,403	4,200
Total allowance on loans and leases	7,805	7,005	6,316	4,909
Carrying value of loans and leases individually evaluated for impairment	12,746	9,440
Carrying value of loans and leases collectively evaluated for impairment	133,858	132,902
Total on carrying value of loans and leases	146,604	142,342
Consumer
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	1	0
Total allowance on loans and leases	1	0	0	3
Carrying value of loans and leases individually evaluated for impairment	0	0
Carrying value of loans and leases collectively evaluated for impairment	381	389
Total on carrying value of loans and leases	381	389
Leases, net
Impaired Loans
Allowance on loans and leases individually evaluated for impairment	0	0
Allowance on loans and leases collectively evaluated for impairment	3,385	3,706
Total allowance on loans and leases	3,385	3,706	$ 5,316	$ 1,598
Carrying value of loans and leases individually evaluated for impairment	1,984	2,131
Carrying value of loans and leases collectively evaluated for impairment	106,908	119,501
Total on carrying value of loans and leases	$ 108,892	$ 121,632

Allowance for Credit Losses - C

Allowance for Credit Losses - Carrying Value Based on Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loans and Leases by Credit Ratings
Loans, net of fees and costs	$ 1,956,315		$ 1,895,806
Current period gross charge-offs	(2,444)	$ (1,497)
Residential mortgage real estate loans accounted under fair value option, at fair value	13,139		13,726
Total loans	1,950,036		1,888,448
Evaluated by performance status
Loans and Leases by Credit Ratings
2024	7,492		72,275
2023, Writeoff	0		(128)
2023	70,400		213,533
2022, Writeoff	(369)		(2,165)
2022	203,591		53,795
2021, Writeoff	(1,429)		(1,450)
2021	49,797		17,592
2020, Writeoff	(277)		(290)
2020	16,225		2,679
2019, Writeoff	(73)		(33)
Prior	17,474		15,266
Prior, Writeoff	0		0
Revolving Loans	70,738		70,046
Revolving Loans, Writeoff	(1)		(56)
Loans, net of fees and costs	435,717		445,186
Current period gross charge-offs	(2,149)		(4,122)
Performing
Loans and Leases by Credit Ratings
2024	7,492		72,012
2023	70,115		210,989
2022	200,995		53,427
2021	49,389		16,330
2020	14,984		2,679
Prior	16,119		13,909
Revolving Loans	69,077		68,649
Loans, net of fees and costs	428,171		437,995
Nonperforming
Loans and Leases by Credit Ratings
2024	0		263
2023	285		2,544
2022	2,596		368
2021	408		1,262
2020	1,241		0
Prior	1,355		1,357
Revolving Loans	1,661		1,397
Loans, net of fees and costs	7,546		7,191
Evaluated based on credit quality indicators
Loans and Leases by Credit Ratings
2024	97,157		236,944
2023, Writeoff	0		(209)
2023	236,167		315,940
2022, Writeoff	(204)		(55)
2022	308,411		252,137
2021, Writeoff	0		0
2021	242,907		152,463
2020, Writeoff	(44)		(13)
2020	150,935		76,296
2019, Writeoff	0		(912)
Prior	266,927		198,661
Prior, Writeoff	0		0
Revolving Loans Converted to Term Loans	1,301		1,301
Revolving Loans Converted to Term Loans, Writeoff	0		0
Revolving Loans	197,375		195,794
Revolving Loans, Writeoff	(47)		(565)
Loans, net of fees and costs	1,501,180		1,429,536
Current period gross charge-offs	(295)		(1,754)
Pass/Watch
Loans and Leases by Credit Ratings
2024	97,157		236,195
2023	235,881		314,408
2022	301,989		242,241
2021	232,114		145,007
2020	142,670		69,509
Prior	240,272		170,088
Revolving Loans Converted to Term Loans	634		634
Revolving Loans	172,951		170,210
Loans, net of fees and costs	1,423,668		1,348,292
Special Mention
Loans and Leases by Credit Ratings
2024	0		500
2023	0		9
2022	0		1,329
2021	1,352		5,334
2020	5,461		4,852
Prior	15,558		15,665
Revolving Loans Converted to Term Loans	667		667
Revolving Loans	7,846		9,678
Loans, net of fees and costs	30,884		38,034
Substandard
Loans and Leases by Credit Ratings
2024	0		249
2023	286		1,523
2022	6,422		8,567
2021	9,441		2,122
2020	2,804		1,935
Prior	11,097		12,908
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	16,578		15,906
Loans, net of fees and costs	46,628		43,210
Doubtful
Loans and Leases by Credit Ratings
2024			0
2023			0
2022			0
2021			0
2020			0
Prior			0
Revolving Loans Converted to Term Loans			0
Revolving Loans			0
Loans, net of fees and costs			0
Commercial mortgage
Loans and Leases by Credit Ratings
2024	28,664		106,541
2023, Writeoff	0		0
2023	106,284		160,302
2022, Writeoff	0		0
2022	166,840		159,218
2021, Writeoff	0		0
2021	153,309		101,960
2020, Writeoff	0		0
2020	101,402		62,358
2019, Writeoff	0		0
Prior	204,936		145,557
Prior, Writeoff	0		0
Revolving Loans Converted to Term Loans	1,178		1,178
Revolving Loans Converted to Term Loans, Writeoff	0		0
Revolving Loans	743		749
Revolving Loans, Writeoff	0		0
Loans, net of fees and costs	763,356		737,863
Current period gross charge-offs	0	0	0
Commercial mortgage \| Pass/Watch
Loans and Leases by Credit Ratings
2024	28,664		106,341
2023	106,084		160,302
2022	166,840		158,647
2021	152,738		97,535
2020	96,579		56,382
Prior	192,570		133,349
Revolving Loans Converted to Term Loans	511		511
Revolving Loans	743		423
Loans, net of fees and costs	744,729		713,490
Commercial mortgage \| Special Mention
Loans and Leases by Credit Ratings
2024	0		0
2023	0		0
2022	0		0
2021	0		4,425
2020	4,823		4,341
Prior	9,873		9,975
Revolving Loans Converted to Term Loans	667		667
Revolving Loans	0		0
Loans, net of fees and costs	15,363		19,408
Commercial mortgage \| Substandard
Loans and Leases by Credit Ratings
2024	0		200
2023	200		0
2022	0		571
2021	571		0
2020	0		1,635
Prior	2,493		2,233
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	0		326
Loans, net of fees and costs	3,264		4,965
Commercial mortgage \| Doubtful
Loans and Leases by Credit Ratings
2024			0
2023			0
2022			0
2021			0
2020			0
Prior			0
Revolving Loans Converted to Term Loans			0
Revolving Loans			0
Loans, net of fees and costs			0
Construction
Loans and Leases by Credit Ratings
2024	24,052		67,776
2023, Writeoff	0		0
2023	74,841		88,737
2022, Writeoff	0		0
2022	77,792		23,122
2021, Writeoff	0		0
2021	22,197		27,336
2020, Writeoff	0		0
2020	25,461		2,818
2019, Writeoff	0		0
Prior	10,400		7,628
Prior, Writeoff	0		0
Revolving Loans Converted to Term Loans	123		123
Revolving Loans Converted to Term Loans, Writeoff	0		0
Revolving Loans	28,206		28,900
Revolving Loans, Writeoff	0		0
Loans, net of fees and costs	263,072		246,440
Current period gross charge-offs	0	0	0
Construction \| Pass/Watch
Loans and Leases by Credit Ratings
2024	24,052		67,776
2023	74,841		88,737
2022	77,792		21,793
2021	20,778		27,336
2020	24,823		2,307
Prior	4,353		2,093
Revolving Loans Converted to Term Loans	123		123
Revolving Loans	25,066		25,976
Loans, net of fees and costs	251,828		236,141
Construction \| Special Mention
Loans and Leases by Credit Ratings
2024	0		0
2023	0		0
2022	0		1,329
2021	1,352		0
2020	638		511
Prior	4,329		4,329
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	3,140		2,924
Loans, net of fees and costs	9,459		9,093
Construction \| Substandard
Loans and Leases by Credit Ratings
2024	0		0
2023	0		0
2022	0		0
2021	67		0
2020	0		0
Prior	1,718		1,206
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	0		0
Loans, net of fees and costs	1,785		1,206
Construction \| Doubtful
Loans and Leases by Credit Ratings
2024			0
2023			0
2022			0
2021			0
2020			0
Prior			0
Revolving Loans Converted to Term Loans			0
Revolving Loans			0
Loans, net of fees and costs			0
Commercial and industrial
Loans and Leases by Credit Ratings
2024	35,892		26,814
2023, Writeoff	0		(209)
2023	24,890		38,757
2022, Writeoff	(204)		(55)
2022	32,712		27,429
2021, Writeoff	0		0
2021	26,475		8,449
2020, Writeoff	0		(2)
2020	9,994		4,448
2019, Writeoff	0		0
Prior	44,209		44,556
Prior, Writeoff	0		0
Revolving Loans Converted to Term Loans	0		0
Revolving Loans Converted to Term Loans, Writeoff	0		0
Revolving Loans	153,976		152,438
Revolving Loans, Writeoff	(4)		0
Loans, net of fees and costs	328,148		302,891
Current period gross charge-offs	(208)	0	(266)
Total loans	328,148		302,891
Commercial and industrial \| Pass/Watch
Loans and Leases by Credit Ratings
2024	35,892		26,314
2023	24,890		38,748
2022	28,772		24,523
2021	23,569		8,449
2020	9,994		4,148
Prior	35,967		33,726
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	134,590		131,304
Loans, net of fees and costs	293,674		267,212
Commercial and industrial \| Special Mention
Loans and Leases by Credit Ratings
2024	0		500
2023	0		9
2022	0		0
2021	0		0
2020	0		0
Prior	1,356		1,361
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	4,706		6,440
Loans, net of fees and costs	6,062		8,310
Commercial and industrial \| Substandard
Loans and Leases by Credit Ratings
2024	0		0
2023	0		0
2022	3,940		2,906
2021	2,906		0
2020	0		300
Prior	6,886		9,469
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	14,680		14,694
Loans, net of fees and costs	28,412		27,369
Commercial and industrial \| Doubtful
Loans and Leases by Credit Ratings
2024			0
2023			0
2022			0
2021			0
2020			0
Prior			0
Revolving Loans Converted to Term Loans			0
Revolving Loans			0
Loans, net of fees and costs			0
Small business loans
Loans and Leases by Credit Ratings
2024	8,549		35,813
2023, Writeoff	0		0
2023	30,152		28,144
2022, Writeoff	0		0
2022	31,067		42,368
2021, Writeoff	0		0
2021	40,926		14,718
2020, Writeoff	(44)		(11)
2020	14,078		6,672
2019, Writeoff	0		(912)
Prior	7,382		920
Prior, Writeoff	0		0
Revolving Loans Converted to Term Loans	0		0
Revolving Loans Converted to Term Loans, Writeoff	0		0
Revolving Loans	14,450		13,707
Revolving Loans, Writeoff	(43)		(565)
Loans, net of fees and costs	146,604		142,342
Current period gross charge-offs	(87)	0	(1,488)
Total loans	146,604		142,342
Small business loans \| Pass/Watch
Loans and Leases by Credit Ratings
2024	8,549		35,764
2023	30,066		26,621
2022	28,585		37,278
2021	35,029		11,687
2020	11,274		6,672
Prior	7,382		920
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	12,552		12,507
Loans, net of fees and costs	133,437		131,449
Small business loans \| Special Mention
Loans and Leases by Credit Ratings
2024	0		0
2023	0		0
2022	0		0
2021	0		909
2020	0		0
Prior	0		0
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	0		314
Loans, net of fees and costs	0		1,223
Small business loans \| Substandard
Loans and Leases by Credit Ratings
2024	0		49
2023	86		1,523
2022	2,482		5,090
2021	5,897		2,122
2020	2,804		0
Prior	0		0
Revolving Loans Converted to Term Loans	0		0
Revolving Loans	1,898		886
Loans, net of fees and costs	13,167		9,670
Small business loans \| Doubtful
Loans and Leases by Credit Ratings
2024			0
2023			0
2022			0
2021			0
2020			0
Prior			0
Revolving Loans Converted to Term Loans			0
Revolving Loans			0
Loans, net of fees and costs			0
Leases, net
Loans and Leases by Credit Ratings
2024	123		23,317
2023, Writeoff	0		(128)
2023	20,906		57,134
2022, Writeoff	(369)		(2,165)
2022	51,652		31,244
2021, Writeoff	(1,429)		(1,450)
2021	27,794		9,937
2020, Writeoff	(277)		(290)
2020	8,417		0
2019, Writeoff	(73)		0
Prior	0		0
Prior, Writeoff	0		0
Revolving Loans	0		0
Revolving Loans, Writeoff	0		0
Loans, net of fees and costs	108,892		121,632
Current period gross charge-offs	(2,148)	(1,464)	(4,033)
Total loans	108,892		121,632
Leases, net \| Performing
Loans and Leases by Credit Ratings
2024	123		23,054
2023	20,621		55,940
2022	50,571		30,876
2021	27,386		9,718
2020	8,207		0
Prior	0		0
Revolving Loans	0		0
Loans, net of fees and costs	106,908		119,588
Leases, net \| Nonperforming
Loans and Leases by Credit Ratings
2024	0		263
2023	285		1,194
2022	1,081		368
2021	408		219
2020	210		0
Prior	0		0
Revolving Loans	0		0
Loans, net of fees and costs	1,984		2,044
Home equity lines and loans
Loans and Leases by Credit Ratings
2024	122		343
2023, Writeoff	0		0
2023	340		795
2022, Writeoff	0		0
2022	788		314
2021, Writeoff	0		0
2021	311		352
2020, Writeoff	0		0
2020	347		2,191
2019, Writeoff	0		(33)
Prior	4,152		2,295
Prior, Writeoff	0		0
Revolving Loans	70,686		69,997
Revolving Loans, Writeoff	0		(54)
Loans, net of fees and costs	76,746		76,287
Current period gross charge-offs	0	(33)	(87)
Home equity lines and loans \| Performing
Loans and Leases by Credit Ratings
2024	122		343
2023	340		795
2022	788		314
2021	311		352
2020	347		2,191
Prior	4,152		2,295
Revolving Loans	69,025		68,600
Loans, net of fees and costs	75,085		74,890
Home equity lines and loans \| Nonperforming
Loans and Leases by Credit Ratings
2024	0		0
2023			0
2022			0
2021			0
2020			0
Prior			0
Revolving Loans	1,661		1,397
Loans, net of fees and costs	1,661		1,397
Residential mortgage
Loans and Leases by Credit Ratings
2024	7,247		48,576
2023, Writeoff	0		0
2023	49,114		155,569
2022, Writeoff	0		0
2022	151,121		22,237
2021, Writeoff	0		0
2021	21,692		7,303
2020, Writeoff	0		0
2020	7,461		456
2019, Writeoff	0		0
Prior	13,063		12,737
Prior, Writeoff	0		0
Revolving Loans	0		0
Revolving Loans, Writeoff	0		0
Loans, net of fees and costs	249,698		246,878
Current period gross charge-offs	0	0	0
Residential mortgage \| Performing
Loans and Leases by Credit Ratings
2024	7,247		48,576
2023	49,114		154,219
2022	149,606		22,237
2021	21,692		6,260
2020	6,430		456
Prior	11,708		11,380
Revolving Loans	0		0
Loans, net of fees and costs	245,797		243,128
Residential mortgage \| Nonperforming
Loans and Leases by Credit Ratings
2024	0		0
2023	0		1,350
2022	1,515		0
2021	0		1,043
2020	1,031		0
Prior	1,355		1,357
Revolving Loans	0		0
Loans, net of fees and costs	3,901		3,750
Consumer
Loans and Leases by Credit Ratings
2024	0		39
2023, Writeoff	0		0
2023	40		35
2022, Writeoff	0		0
2022	30		0
2021, Writeoff	0		0
2021	0		0
2020, Writeoff	0		0
2020	0		32
2019, Writeoff	0		0
Prior	259		234
Prior, Writeoff	0		0
Revolving Loans	52		49
Revolving Loans, Writeoff			(2)
Loans, net of fees and costs	381		389
Current period gross charge-offs	(1)	$ 0	(2)
Total loans	381		389
Consumer \| Performing
Loans and Leases by Credit Ratings
2024	0		39
2023	40		35
2022	30		0
2021	0		0
2020	0		32
Prior	259		234
Revolving Loans	52		49
Loans, net of fees and costs	381		389
Consumer \| Nonperforming
Loans and Leases by Credit Ratings
2024	0		0
2023	0		0
2022	0		0
2021	0		0
2020	0		0
Prior	0		0
Revolving Loans	0		0
Loans, net of fees and costs	$ 0		$ 0

Allowance for Credit Losses - M

Allowance for Credit Losses - Modifications to Debtors Experiencing Financial Difficulty (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) loan modification	Mar. 31, 2023 modification
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of loan modifications \| loan	4
Amortized Cost Basis	$ 1,456
Related Reserve	$ 0
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans \| loan	1
Amortized Cost Basis	$ 895
Related Reserve	$ 784
Modifications granted to borrowers \| modification	5	0
Extended Maturity [Member]
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans \| loan	1
Small business loans
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of loan modifications \| loan	2
Amortized Cost Basis	$ 359
Percentage of Total Class of Financing Receivable (as a percent)	0.20%
Related Reserve	$ 0
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans \| loan	1
Amortized Cost Basis	$ 895
Percentage of Total Class of Financing Receivable (as a percent)	0.006
Related Reserve	$ 784
Small business loans \| Extended Maturity And Additional Lender Funding [Member]
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of Loans \| loan	1
Commercial and industrial
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Number of loan modifications \| loan	2
Amortized Cost Basis	$ 1,097
Percentage of Total Class of Financing Receivable (as a percent)	0.30%
Related Reserve	$ 0

Short-Term Borrowings and Lon_2

Short-Term Borrowings and Long-Term Debt - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) facility	Dec. 31, 2023 USD ($)
Short-Term Borrowings
Borrowings	$ 112,131,000	$ 141,224,000
Letters of credit
Short-Term Borrowings
Maximum borrowing capacity	656,000,000	626,800,000
Proceeds from long term debt	$ 156,000,000
Federal funds purchased
Short-Term Borrowings
Number of borrowing facilities \| facility	3
Maximum borrowing capacity	$ 0	0
Federal funds purchased, facility two
Short-Term Borrowings
Maximum borrowing capacity	49,000,000
Federal Reserve discount window
Short-Term Borrowings
Maximum borrowing capacity	6,500,000
Borrowings	0	0
BTFP Advances
Short-Term Borrowings
Maximum borrowing capacity	33,000,000
Borrowings	$ 0	$ 33,000,000

Short-Term Borrowings and Lon_3

Short-Term Borrowings and Long-Term Debt - Short-term Borrowings (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Short-Term Borrowings
Short term borrowings	$ 112,131	$ 141,224
Mid-term Repo Fixed Maturing On 09/30/2024
Short-Term Borrowings
Long term debt, interest rate	4.60%
Long-term debt	$ 3,432	3,432
Mid-term Repo Fixed Maturing On 10/25/2024
Short-Term Borrowings
Long term debt, interest rate	5.03%
Long-term debt	$ 8,097	0
Mid-term Repo Fixed Maturing On 01/27/2024
Short-Term Borrowings
Long term debt, interest rate	4.85%
Long-term debt	$ 8,000	0
Mid-term Repo Fixed Maturing On 02/24/2024
Short-Term Borrowings
Long term debt, interest rate	5.35%
Long-term debt	$ 7,813	0
Open Repo Plus Weekly 0.33 Percent Maturing On 6/10/2024
Short-Term Borrowings
Interest rate	5.68%
Short term borrowings	$ 84,789	104,792
BTFP Advances
Short-Term Borrowings
Interest rate	4.76%
Short term borrowings	$ 0	$ 33,000

Short-Term Borrowings and Lon_4

Short-Term Borrowings and Long-Term Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Mid-term Repo Fixed
Long Term Debt
Long-term debt	$ 33,672	$ 33,672
Mid-term Repo Fixed Maturing On 12/22/2025
Long Term Debt
Long term debt, interest rate	4.23%
Long-term debt	$ 8,935	8,935
Mid-term Repo Fixed Maturing On 10/14/2025
Long Term Debt
Long term debt, interest rate	5.16%
Long-term debt	$ 9,492	9,492
Mid Term Repo Fixed Maturing On 7/14/2026
Long Term Debt
Long term debt, interest rate	4.57%
Long-term debt	$ 15,245	$ 15,245

Servicing Assets - Residential

Servicing Assets - Residential Mortgage Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	$ 11,748
Balance at end of the period	11,573
Mortgage Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	932,500		$ 945,200
Servicing fee income	586	$ 636
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	8,622	9,942
Servicing rights capitalized	10	0
Amortization of servicing rights	(318)	(371)
Change in valuation allowance	0	2
Balance at end of the period	8,314	9,573
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	0	(2)
Impairment	0	0
Recovery	0	2
Valuation allowance, end of the period	0	0
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	236,600		$ 225,800
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	3,127	2,404
Servicing rights capitalized	197	214
Amortization of servicing rights	(241)	(195)
Change in valuation allowance	176	129
Balance at end of the period	3,259	2,552
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	(268)	(364)
Impairment	0	0
Recovery	176	129
Valuation allowance, end of the period	$ (92)	$ (235)

Servicing Assets - MSR Sensitiv

Servicing Assets - MSR Sensitivity Analysis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
SBA Loan Servicing Rights
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of residential mortgage servicing rights	$ 3,567	$ 3,376
Prepayment speed	15.21%	14.70%
Impact on fair value of a 10% adverse change in prepayment speed	$ (143)	$ (125)
Impact on fair value of a 20% adverse change in prepayment speed	$ (275)	$ (241)
Discount rate	13.93%	14.66%
Impact on fair value of a 10% adverse change in the discount rate	$ (79)	$ (74)
Impact on fair value of a 20% adverse change in the discount rate	(155)	(145)
Mortgage Servicing Rights
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of residential mortgage servicing rights	$ 10,973	$ 11,221
Weighted average life (months)	28 months	28 months
Prepayment speed	8.29%	8.57%
Impact on fair value of a 10% adverse change in prepayment speed	$ (253)	$ (506)
Impact on fair value of a 20% adverse change in prepayment speed	$ (496)	$ (973)
Discount rate	9.50%	9.50%
Impact on fair value of a 10% adverse change in the discount rate	$ (404)	$ (415)
Impact on fair value of a 20% adverse change in the discount rate	$ (781)	$ (799)

Servicing Assets - SBA Loans (D

Servicing Assets - SBA Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	$ 11,748
Balance at end of the period	11,573
SBA Loan Servicing Rights
Servicing Assets at Fair Value [Line Items]
Loans serviced	236,600		$ 225,800
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance at beginning of the period	3,127	$ 2,404
Servicing rights capitalized	197	214
Amortization of servicing rights	(241)	(195)
Change in valuation allowance	176	129
Balance at end of the period	3,259	2,552
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Valuation allowance, beginning of period	(268)	(364)
Impairment	0	0
Recovery	176	129
Valuation allowance, end of the period	$ (92)	$ (235)

Servicing Assets - SBA Sensitiv

Servicing Assets - SBA Sensitivity Analysis (Details) - SBA Loan Servicing Rights - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value of SBA loan servicing rights	$ 3,567	$ 3,376
Prepayment speed	15.21%	14.70%
Impact on fair value of a 10% adverse change in prepayment speed	$ (143)	$ (125)
Impact on fair value of a 20% adverse change in prepayment speed	$ (275)	$ (241)
Discount rate	13.93%	14.66%
Impact on fair value of a 10% adverse change in the discount rate	$ (79)	$ (74)
Impact on fair value of a 20% adverse change in the discount rate	$ (155)	$ (145)

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Debt securities, fair value	$ 150,996	$ 146,019
Equity investments	2,092	2,121
U.S. asset backed securities
Assets
Debt securities, fair value	19,153	16,824
U.S. government agency MBS
Assets
Debt securities, fair value	22,347	22,634
U.S. government agency CMO
Assets
Debt securities, fair value	23,119	19,573
State and municipal securities
Assets
Debt securities, fair value	35,731	36,216
Non-U.S. government agency CMO
Assets
Debt securities, fair value	13,061	13,155
Corporate bonds
Assets
Debt securities, fair value	7,267	7,195
Recurring
Assets
Equity investments	2,092	2,121
Mortgage loans held for sale	29,124	24,816
Mortgage loans held for investment	13,139	13,726
Total	199,834	190,424
Liabilities
Total	3,843	3,613
Recurring \| U.S. asset backed securities
Assets
Debt securities, fair value	19,153	16,824
Recurring \| U.S. government agency MBS
Assets
Debt securities, fair value	22,347	22,634
Recurring \| U.S. government agency CMO
Assets
Debt securities, fair value	23,119	19,573
Recurring \| State and municipal securities
Assets
Debt securities, fair value	35,731	36,216
Recurring \| U.S. Treasuries
Assets
Debt securities, fair value	30,318	30,422
Recurring \| Non-U.S. government agency CMO
Assets
Debt securities, fair value	13,061	13,155
Recurring \| Corporate bonds
Assets
Debt securities, fair value	7,267	7,195
Recurring \| Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	288	214
Liabilities
Derivative Liability	84	17
Recurring \| Forward Commitments
Assets
Derivative assets, Fair value	0
Liabilities
Derivative Liability		41
Recurring \| Customer derivatives - interest rate swaps
Assets
Derivative assets, Fair value	3,758	3,528
Liabilities
Derivative Liability	3,754	3,544
Recurring \| Interest rate swaps
Assets
Derivative assets, Fair value	437
Recurring \| Risk Participation Agreements
Liabilities
Derivative Liability	5	11
Recurring \| Level 1
Assets
Equity investments	0	0
Mortgage loans held for sale	0	0
Mortgage loans held for investment	0	0
Total	30,318	30,422
Liabilities
Total	0	0
Recurring \| Level 1 \| U.S. asset backed securities
Assets
Debt securities, fair value	0	0
Recurring \| Level 1 \| U.S. government agency MBS
Assets
Debt securities, fair value	0	0
Recurring \| Level 1 \| U.S. government agency CMO
Assets
Debt securities, fair value	0	0
Recurring \| Level 1 \| State and municipal securities
Assets
Debt securities, fair value	0	0
Recurring \| Level 1 \| U.S. Treasuries
Assets
Debt securities, fair value	30,318	30,422
Recurring \| Level 1 \| Non-U.S. government agency CMO
Assets
Debt securities, fair value	0	0
Recurring \| Level 1 \| Corporate bonds
Assets
Debt securities, fair value	0	0
Recurring \| Level 1 \| Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring \| Level 1 \| Forward Commitments
Assets
Derivative assets, Fair value	0
Liabilities
Derivative Liability		0
Recurring \| Level 1 \| Customer derivatives - interest rate swaps
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring \| Level 1 \| Interest rate swaps
Assets
Derivative assets, Fair value	0
Recurring \| Level 1 \| Risk Participation Agreements
Liabilities
Derivative Liability	0	0
Recurring \| Level 2
Assets
Equity investments	2,092	2,121
Mortgage loans held for sale	29,124	24,816
Mortgage loans held for investment	13,139	13,726
Total	169,228	159,788
Liabilities
Total	3,759	3,596
Recurring \| Level 2 \| U.S. asset backed securities
Assets
Debt securities, fair value	19,153	16,824
Recurring \| Level 2 \| U.S. government agency MBS
Assets
Debt securities, fair value	22,347	22,634
Recurring \| Level 2 \| U.S. government agency CMO
Assets
Debt securities, fair value	23,119	19,573
Recurring \| Level 2 \| State and municipal securities
Assets
Debt securities, fair value	35,731	36,216
Recurring \| Level 2 \| U.S. Treasuries
Assets
Debt securities, fair value	0	0
Recurring \| Level 2 \| Non-U.S. government agency CMO
Assets
Debt securities, fair value	13,061	13,155
Recurring \| Level 2 \| Corporate bonds
Assets
Debt securities, fair value	7,267	7,195
Recurring \| Level 2 \| Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring \| Level 2 \| Forward Commitments
Assets
Derivative assets, Fair value	0
Liabilities
Derivative Liability		41
Recurring \| Level 2 \| Customer derivatives - interest rate swaps
Assets
Derivative assets, Fair value	3,758	3,528
Liabilities
Derivative Liability	3,754	3,544
Recurring \| Level 2 \| Interest rate swaps
Assets
Derivative assets, Fair value	437
Recurring \| Level 2 \| Risk Participation Agreements
Liabilities
Derivative Liability	5	11
Recurring \| Level 3
Assets
Equity investments	0	0
Mortgage loans held for sale	0	0
Mortgage loans held for investment	0	0
Total	288	214
Liabilities
Total	84	17
Recurring \| Level 3 \| U.S. asset backed securities
Assets
Debt securities, fair value	0	0
Recurring \| Level 3 \| U.S. government agency MBS
Assets
Debt securities, fair value	0	0
Recurring \| Level 3 \| U.S. government agency CMO
Assets
Debt securities, fair value	0	0
Recurring \| Level 3 \| State and municipal securities
Assets
Debt securities, fair value	0	0
Recurring \| Level 3 \| U.S. Treasuries
Assets
Debt securities, fair value	0	0
Recurring \| Level 3 \| Non-U.S. government agency CMO
Assets
Debt securities, fair value		0
Recurring \| Level 3 \| Corporate bonds
Assets
Debt securities, fair value	0	0
Recurring \| Level 3 \| Interest Rate Lock Commitments
Assets
Derivative assets, Fair value	288	214
Liabilities
Derivative Liability	84	17
Recurring \| Level 3 \| Forward Commitments
Assets
Derivative assets, Fair value	0
Liabilities
Derivative Liability		0
Recurring \| Level 3 \| Customer derivatives - interest rate swaps
Assets
Derivative assets, Fair value	0	0
Liabilities
Derivative Liability	0	0
Recurring \| Level 3 \| Interest rate swaps
Assets
Derivative assets, Fair value	0
Recurring \| Level 3 \| Risk Participation Agreements
Liabilities
Derivative Liability	$ 0	$ 0

Fair Value Measurements and D_4

Fair Value Measurements and Disclosures - Financial Assets Measured at Fair Value on Non-recurring Basis (Details) - Nonrecurring - Level 3 - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets measured at fair value on a nonrecurring basis
Mortgage servicing rights	$ 8,314	$ 8,621
SBA loan servicing rights	3,259	3,127
Total	25,213	24,700
Commercial and industrial
Financial assets measured at fair value on a nonrecurring basis
Impaired loans	7,905	9,818
Small business loans
Financial assets measured at fair value on a nonrecurring basis
Impaired loans	$ 5,735	$ 3,134

Fair Value Measurements and D_5

Fair Value Measurements and Disclosures - Level 3 Valuation (Details) - Level 3 - Valuation, Income Approach - Measurement Input, Appraised Value $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 13,640	$ 12,952
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)	0.02	0.02
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)	0.33	0.33

Fair Value Measurements and D_6

Fair Value Measurements and Disclosures - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Loans at fair value	$ 13,139	$ 13,726
Level 1 \| Carrying amount
Financial assets:
Cash and cash equivalents	23,027	56,697
Level 1 \| Fair value
Financial assets:
Cash and cash equivalents	23,027	56,697
Level 2 \| Carrying amount
Financial assets:
Mortgage loans held for sale	29,124	24,816
Mortgage loans held for investment	13,139	13,726
Financial liabilities:
Deposits	1,900,696	1,823,462
Borrowings	145,803	174,896
Subordinated debentures	49,867	49,836
Level 2 \| Fair value
Financial assets:
Mortgage loans held for sale	29,124	24,816
Mortgage loans held for investment	13,139	13,726
Financial liabilities:
Deposits	1,888,300	1,834,700
Borrowings	159,800	176,400
Subordinated debentures	49,721	50,223
Level 3 \| Carrying amount
Financial assets:
Loans at fair value	1,943,176	1,882,080
Level 3 \| Fair value
Financial assets:
Loans at fair value	$ 1,889,637	$ 1,832,558

Fair Value Measurements and D_7

Fair Value Measurements and Disclosures - Fair Value on a Recurring Basis (Details) - Interest Rate Lock Commitments - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of the period	$ 214	$ 87
Increase in value	74	52
Balance at end of the period	$ 288	$ 139

Fair Value Measurements and D_8

Fair Value Measurements and Disclosures - Valuation Techniques for Level 3 Interest Rate Lock (Details) - Interest Rate Lock Commitments - Level 3 - Valuation Technique, Consensus Pricing Model $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset	$ 288	$ 214
Valuation technique extensible list	Valuation Technique, Consensus Pricing Model	Valuation Technique, Consensus Pricing Model
Measurement input extensible list	Loan Origination Success Rate [Member]	Loan Origination Success Rate [Member]
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input (as a percent)	0.01	0.01
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input (as a percent)	0.99	0.99
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input (as a percent)	0.7983	0.7948

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional Amounts and Fair Values of Derivative Financial Instruments (Details) $ in Thousands	1 Months Ended	3 Months Ended
	Jun. 30, 2023 USD ($) derivative_instrument	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Derivative Financial Instruments
Number of interest rate swaps entered into \| derivative_instrument	3
Notional amount		$ 260,114		$ 226,652
Unrealized gains, net of tax recorded in total comprehensive income		749	$ 0
Assets (liabilities) fair value		640		(410)
Interest Rate Swap, One
Derivative Financial Instruments
Notional amount	$ 25,000
Fixed interest rate (as a percent)	4.07%
Interest Rate Swap, Two
Derivative Financial Instruments
Notional amount	$ 25,000
Fixed interest rate (as a percent)	4.027%
Interest Rate Swap, Three
Derivative Financial Instruments
Notional amount	$ 25,000
Fixed interest rate (as a percent)	4.117%
Interest Rate Lock Commitments
Derivative Financial Instruments
Notional amount		77,825		39,134
Assets (liabilities) fair value		204		197
Interest Rate Lock Commitments \| Other assets
Derivative Financial Instruments
Notional amount		61,882		33,735
Assets (liabilities) fair value		288		214
Interest Rate Lock Commitments \| Other liabilities
Derivative Financial Instruments
Notional amount		15,943		5,399
Assets (liabilities) fair value		(84)		(17)
Forward Commitments
Derivative Financial Instruments
Notional amount		0		4,250
Assets (liabilities) fair value		0		(41)
Forward Commitments \| Other assets
Derivative Financial Instruments
Notional amount		0		0
Assets (liabilities) fair value		0		0
Forward Commitments \| Other liabilities
Derivative Financial Instruments
Notional amount		0		4,250
Assets (liabilities) fair value		0		(41)
Customer derivatives - interest rate swaps
Derivative Financial Instruments
Notional amount		100,238		101,186
Assets (liabilities) fair value		4		(17)
Customer derivatives - interest rate swaps \| Other assets
Derivative Financial Instruments
Notional amount		50,119		50,593
Assets (liabilities) fair value		3,758		3,528
Customer derivatives - interest rate swaps \| Other liabilities
Derivative Financial Instruments
Notional amount		50,119		50,593
Assets (liabilities) fair value		(3,754)		(3,544)
Risk Participation Agreements
Derivative Financial Instruments
Notional amount		7,051		7,082
Assets (liabilities) fair value		(5)		(11)
Risk Participation Agreements \| Other assets
Derivative Financial Instruments
Notional amount		0		0
Assets (liabilities) fair value		0		0
Risk Participation Agreements \| Other liabilities
Derivative Financial Instruments
Notional amount		7,051		7,082
Assets (liabilities) fair value		(5)		(11)
Interest rate swaps
Derivative Financial Instruments
Notional amount		75,000		75,000
Assets (liabilities) fair value		437		(539)
Interest rate swaps \| Other assets
Derivative Financial Instruments
Notional amount		75,000		0
Assets (liabilities) fair value		437		0
Interest rate swaps \| Other liabilities
Derivative Financial Instruments
Notional amount		0		75,000
Assets (liabilities) fair value		$ 0		$ (539)

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value Gains and Losses on Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	$ 1,051	$ (69)
Realized losses on derivatives	19	0
Interest Rate Lock Commitments
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	7	(37)
Forward Commitments
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	41	0
Customer derivatives - interest rate swaps
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	21	(28)
Risk Participation Agreements
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	6	(4)
Interest rate swaps
Summary of the fair value gains and losses on derivative financial instruments
Net fair value (losses) gains on derivative financial instruments	$ 976	$ 0

Segments - Business segment (De

Segments - Business segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Net-interest Income:
Net interest income	$ 16,609	$ 17,677
Provision (recovery of provision) for credit losses	2,866	1,399
Net interest income after provision for credit losses	13,743	16,278
Non-interest Income
Mortgage banking income	3,634	3,272
Wealth management income	1,317	1,196
SBA loan income	986	713
Net change in fair values	(102)	47
Net gain on hedging activity	(19)	0
Other	2,168	1,410
Total non-interest income	7,984	6,638
Total non-interest expense	18,174	17,789
Income (loss) before income taxes	3,553	5,127
Total Assets	2,292,923	2,229,783	$ 2,246,193
Bank
Net-interest Income:
Net interest income	16,592	17,627
Provision (recovery of provision) for credit losses	2,866	1,399
Net interest income after provision for credit losses	13,726	16,228
Non-interest Income
Mortgage banking income	88	58
Wealth management income	0	0
SBA loan income	986	713
Net change in fair values	28	(31)
Net gain on hedging activity	0	0
Other	772	689
Total non-interest income	1,874	1,429
Total non-interest expense	12,060	10,698
Income (loss) before income taxes	3,540	6,959
Total Assets	2,219,626	2,171,679
Wealth
Net-interest Income:
Net interest income	(6)	24
Provision (recovery of provision) for credit losses	0	0
Net interest income after provision for credit losses	(6)	24
Non-interest Income
Mortgage banking income	0	0
Wealth management income	1,317	1,196
SBA loan income	0	0
Net change in fair values	0	0
Net gain on hedging activity	0	0
Other	0	0
Total non-interest income	1,317	1,196
Total non-interest expense	833	989
Income (loss) before income taxes	478	231
Total Assets	9,335	8,090
Mortgage
Net-interest Income:
Net interest income	23	26
Provision (recovery of provision) for credit losses	0	0
Net interest income after provision for credit losses	23	26
Non-interest Income
Mortgage banking income	3,546	3,214
Wealth management income	0	0
SBA loan income	0	0
Net change in fair values	(130)	78
Net gain on hedging activity	(19)	0
Other	1,396	721
Total non-interest income	4,793	4,013
Total non-interest expense	5,281	6,102
Income (loss) before income taxes	(465)	(2,063)
Total Assets	$ 63,962	$ 50,014

Uncategorized Items - mrbk-2024

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