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FAIR VALUE (Tables) | 3 Months Ended
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Mar. 31, 2024
Fair Value Disclosures |
Assets and Liabilities Measured at Fair Value on Recurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at | ​ | ​ | ​ |
​ | ​ | March 31, 2024 Using: | ​ | ​ | ​ |
​ |  | Quoted Prices in |  | Significant |  |  | ​ |  |  | ​ |
​ | ​ | Active Markets | ​ | Other | ​ | Significant | ​ | ​ | ​ |
​ | ​ | for Identical | ​ | Observable | ​ | Unobservable | ​ | Total |
​ | ​ | Assets | ​ | Inputs | ​ | Inputs | ​ | Fair |
(in thousands) | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3) | ​ | Value |
Financial assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-sale debt securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury securities and U.S. Government agencies | ​ | $ | 148,755 | ​ | $ | 264,370 | ​ | $ | — | ​ | $ | 413,125 | ​
Private label mortgage-backed security | ​ |  | — | ​ |  | — | ​ |  | 1,772 | ​ |  | 1,772 | ​
Mortgage-backed securities - residential | ​ |  | — | ​ |  | 145,822 | ​ |  | — | ​ |  | 145,822 | ​
Collateralized mortgage obligations | ​ |  | — | ​ |  | 21,040 | ​ |  | — | ​ |  | 21,040 | ​
Corporate bonds | ​ | ​ | — | ​ | ​ | 2,019 | ​ | ​ | — | ​ | ​ | 2,019 | ​
Trust preferred security | ​ |  | — | ​ |  | — | ​ |  | 4,027 | ​ |  | 4,027 | ​
Total available-for-sale debt securities | ​ | $ | 148,755 | ​ | $ | 433,251 | ​ | $ | 5,799 | ​ | $ | 587,805 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity securities with readily determinable fair value: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Freddie Mac preferred stock | ​ | $ | — | ​ | $ | 235 | ​ | $ | — | ​ | $ | 235 | ​
Total equity securities with readily determinable fair value | ​ | $ | — | ​ | $ | 235 | ​ | $ | — | ​ | $ | 235 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage loans held for sale | ​ | $ | — | ​ | $ | 80,884 | ​ | $ | — | ​ | $ | 80,884 | ​
Consumer loans held for sale | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,093 | ​ | ​ | 6,093 | ​
Rate lock commitments | ​ |  | — | ​ |  | 466 | ​ |  | — | ​ |  | 466 | ​
Interest rate swap agreements | ​ | ​ | — | ​ | ​ | 7,870 | ​ | ​ | — | ​ | ​ | 7,870 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mandatory forward contracts | ​ | $ | — | ​ | $ | 77 | ​ | $ | — | ​ | $ | 77 | ​
Interest rate swap agreements | ​ | ​ | — | ​ | ​ | 7,870 | ​ | ​ | — | ​ | ​ | 7,870 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at | ​ | ​ | ​ |
​ | ​ | December 31, 2023 Using: | ​ | ​ | ​ |
​ |  | Quoted Prices in |  | Significant |  |  | ​ |  |  | ​ |
​ | ​ | Active Markets | ​ | Other | ​ | Significant | ​ | ​ | ​ |
​ | ​ | for Identical | ​ | Observable | ​ | Unobservable | ​ | Total |
​ | ​ | Assets | ​ | Inputs | ​ | Inputs | ​ | Fair |
(in thousands) | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3) | ​ | Value |
Financial assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-sale debt securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury securities and U.S. Government agencies | ​ | $ | 177,784 | ​ | $ | 229,249 | ​ | $ | — | ​ | $ | 407,033 | ​
Private label mortgage-backed security | ​ |  | — | ​ |  | — | ​ |  | 1,773 | ​ |  | 1,773 | ​
Mortgage-backed securities - residential | ​ |  | — | ​ |  | 154,710 | ​ |  | — | ​ |  | 154,710 | ​
Collateralized mortgage obligations | ​ |  | — | ​ |  | 21,659 | ​ |  | — | ​ |  | 21,659 | ​
Corporate bonds | ​ | ​ | — | ​ | ​ | 2,020 | ​ | ​ | — | ​ | ​ | 2,020 | ​
Trust preferred security | ​ |  | — | ​ |  | — | ​ |  | 4,118 | ​ |  | 4,118 | ​
Total available-for-sale debt securities | ​ | $ | 177,784 | ​ | $ | 407,638 | ​ | $ | 5,891 | ​ | $ | 591,313 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity securities with readily determinable fair value: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Freddie Mac preferred stock | ​ | $ | — | ​ | $ | 174 | ​ | $ | — | ​ | $ | 174 | ​
Total equity securities with readily determinable fair value | ​ | $ | — | ​ | $ | 174 | ​ | $ | — | ​ | $ | 174 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage loans held for sale | ​ | $ | — | ​ | $ | 3,227 | ​ | $ | — | ​ | $ | 3,227 | ​
Consumer loans held for sale | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,914 | ​ | ​ | 7,914 | ​
Rate lock commitments | ​ |  | — | ​ |  | 243 | ​ |  | — | ​ |  | 243 | ​
Interest rate swap agreements | ​ |  | — | ​ |  | 8,933 | ​ |  | — | ​ |  | 8,933 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mandatory forward contracts | ​ | $ | — | ​ | $ | 61 | ​ | $ | — | ​ | $ | 61 | ​
Interest rate swap agreements | ​ | ​ | — | ​ | ​ | 8,933 | ​ | ​ | — | ​ |  | 8,933 | ​
Assets Measured at Fair Value on a Non-Recurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at | ​ | ​ | ​ | ​
​ | ​ | March 31, 2024 Using: | ​ | ​ | ​ | ​
​ |  | Quoted Prices in |  | Significant |  | ​ | ​ |  |  | ​ | ​
​ | ​ | Active Markets | ​ | Other | ​ | Significant | ​ | ​ | ​ | ​
​ | ​ | for Identical | ​ | Observable | ​ | Unobservable | ​ | Total | ​
​ | ​ | Assets | ​ | Inputs | ​ | Inputs | ​ | Fair | ​
(in thousands) | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3) | ​ | Value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | 1,486 | ​ | $ | 1,486 | ​
Total other real estate owned | ​ | $ | — | ​ | $ | — | ​ | $ | 1,486 | ​ | $ | 1,486 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at | ​ | ​ | ​
​ | ​ | December 31, 2023 Using: | ​ | ​ | ​
​ |  | Quoted Prices in |  | Significant |  | ​ | ​ |  |  | ​
​ | ​ | Active Markets | ​ | Other | ​ | Significant | ​ | ​ | ​
​ | ​ | for Identical | ​ | Observable | ​ | Unobservable | ​ | Total
​ | ​ | Assets | ​ | Inputs | ​ | Inputs | ​ | Fair
(in thousands) | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3) | ​ | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateral-dependent loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential real estate: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owner-occupied | ​ | $ | — | ​ | $ | — | ​ | $ | 1,580 | ​ | $ | 1,580
Commercial real estate | ​ |  | — | ​ |  | — | ​ |  | 795 | ​ |  | 795
Home equity | ​ |  | — | ​ |  | — | ​ |  | 104 | ​ |  | 104
Total collateral-dependent loans* | ​ | $ | — | ​ | $ | — | ​ | $ | 2,479 | ​ | $ | 2,479
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential real estate | ​ | $ | — | ​ | $ | — | ​ | $ | 1,370 | ​ | $ | 1,370
Total other real estate owned | ​ | $ | — | ​ | $ | — | ​ | $ | 1,370 | ​ | $ | 1,370
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
Provisions for collateral dependent impaired loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 31, | ​
(in thousands) |  | 2024 |  | 2023 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision on collateral-dependent loans | ​ | $ | (7) | ​ | $ | (19) | ​
Other Real Estate Owned | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​
(in thousands) | ​ | March 31, 2024 |  | December 31, 2023 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned carried at fair value | ​ | $ | 1,486 | ​ | $ | 1,370 | ​
Total carrying value of other real estate owned | ​ | $ | 1,486 | ​ | $ | 1,370 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended |
​ | ​ | March 31, | ​
(in thousands) |  | 2024 |  | 2023 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned write-downs during the period | ​ | $ | 53 | ​ | $ | 52 | ​
Carrying amount and estimated fair values of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements at |
​ | ​ | ​ | ​ | ​ | March 31, 2024: |
​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | Total |
​ | ​ | Carrying | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair |
(in thousands) | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Value |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 546,363 | ​ | $ | 546,363 | ​ | $ | — | ​ | $ | — | ​ | $ | 546,363 | ​
Available-for-sale debt securities | ​ |  | 587,805 | ​ |  | 148,755 | ​ |  | 433,251 | ​ |  | 5,799 | ​ |  | 587,805 | ​
Held-to-maturity debt securities | ​ |  | 76,254 | ​ |  | — | ​ |  | 76,119 | ​ |  | — | ​ |  | 76,119 | ​
Equity securities with readily determinable fair values | ​ | ​ | 235 | ​ | ​ | — | ​ | ​ | 235 | ​ | ​ | — | ​ | ​ | 235 | ​
Mortgage loans held for sale, at fair value | ​ |  | 80,884 | ​ |  | — | ​ |  | 80,884 | ​ |  | — | ​ |  | 80,884 | ​
Consumer loans held for sale, at fair value | ​ | ​ | 6,093 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,093 | ​ | ​ | 6,093 | ​
Consumer loans held for sale, at the lower of cost or fair value | ​ | ​ | 13,083 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 13,083 | ​ | ​ | 13,083 | ​
Loans, net | ​ |  | 5,115,590 | ​ |  | — | ​ |  | — | ​ |  | 4,843,728 | ​ |  | 4,843,728 | ​
Federal Home Loan Bank stock | ​ |  | 43,729 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | NA | ​
Accrued interest receivable | ​ |  | 20,325 | ​ |  | — | ​ |  | 4,111 | ​ |  | 16,214 | ​ |  | 20,325 | ​
Mortgage servicing rights | ​ | ​ | 7,102 | ​ | ​ | — | ​ | ​ | 16,054 | ​ | ​ | — | ​ | ​ | 16,054 | ​
Rate lock commitments | ​ | ​ | 466 | ​ | ​ | — | ​ | ​ | 466 | ​ | ​ | — | ​ | ​ | 466 | ​
Interest rate swap agreements | ​ | ​ | 7,870 | ​ | ​ | — | ​ | ​ | 7,870 | ​ | ​ | — | ​ | ​ | 7,870 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest-bearing deposits | ​ | $ | 1,359,516 | ​ | $ | — | ​ | $ | 1,359,516 | ​ | $ | — | ​ | $ | 1,359,516 | ​
Transaction deposits | ​ |  | 3,583,714 | ​ |  | — | ​ |  | 3,583,714 | ​ |  | — | ​ |  | 3,583,714 | ​
Time deposits | ​ |  | 477,419 | ​ |  | — | ​ |  | 473,818 | ​ |  | — | ​ |  | 473,818 | ​
Securities sold under agreements to repurchase and other short-term borrowings | ​ |  | 86,171 | ​ |  | — | ​ |  | 86,171 | ​ |  | — | ​ |  | 86,171 | ​
Federal Home Loan Bank advances | ​ |  | 270,000 | ​ |  | — | ​ |  | 270,565 | ​ |  | — | ​ |  | 270,565 | ​
Accrued interest payable | ​ |  | 6,905 | ​ |  | — | ​ |  | 6,905 | ​ |  | — | ​ |  | 6,905 | ​
Rate lock commitments | ​ | ​ | 466 | ​ | ​ | — | ​ | ​ | 466 | ​ | ​ | — | ​ | ​ | 466 | ​
Mandatory forward contracts | ​ | ​ | (77) | ​ | ​ | — | ​ | ​ | (77) | ​ | ​ | — | ​ | ​ | (77) | ​
Interest rate swap agreements | ​ | ​ | 7,870 | ​ | ​ | — | ​ | ​ | 7,870 | ​ | ​ | — | ​ | ​ | 7,870 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements at |
​ | ​ | ​ | ​ | ​ | December 31, 2023: |
​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | Total |
​ | ​ | Carrying | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair |
(in thousands) | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Value |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 316,567 | ​ | $ | 316,567 | ​ | $ | — | ​ | $ | — | ​ | $ | 316,567 | ​
Available-for-sale debt securities | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Held-to-maturity debt securities | ​ |  | 76,387 | ​ |  | — | ​ |  | 76,167 | ​ |  | — | ​ |  | 76,167 | ​
Equity securities with readily determinable fair values | ​ | ​ | 174 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Mortgage loans held for sale, at fair value | ​ |  | 3,227 | ​ |  | — | ​ |  | 3,227 | ​ |  | — | ​ |  | 3,227 | ​
Consumer loans held for sale, at fair value | ​ | ​ | 7,914 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,914 | ​ | ​ | 7,914 | ​
Consumer loans held for sale, at the lower of cost or fair value | ​ | ​ | 16,094 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 16,094 | ​ | ​ | 16,094 | ​
Loans, net | ​ |  | 5,157,731 | ​ |  | — | ​ |  | — | ​ |  | 4,874,974 | ​ |  | 4,874,974 | ​
Federal Home Loan Bank stock | ​ |  | 23,770 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | NA | ​
Accrued interest receivable | ​ |  | 18,447 | ​ |  | — | ​ |  | 4,097 | ​ |  | 14,350 | ​ |  | 18,447 | ​
Mortgage servicing rights | ​ | ​ | 7,411 | ​ | ​ | — | ​ | ​ | 16,054 | ​ | ​ | — | ​ | ​ | 16,054 | ​
Rate lock commitments | ​ | ​ | 243 | ​ | ​ | — | ​ | ​ | 243 | ​ | ​ | — | ​ | ​ | 243 | ​
Interest rate swap agreements | ​ | ​ | 8,933 | ​ | ​ | — | ​ | ​ | 8,933 | ​ | ​ | — | ​ | ​ | 8,933 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest-bearing deposits | ​ | $ | 1,676,998 | ​ | $ | — | ​ | $ | 1,676,998 | ​ | $ | — | ​ | $ | 1,676,998 | ​
Transaction deposits | ​ |  | 2,924,114 | ​ |  | — | ​ |  | 2,924,114 | ​ |  | — | ​ |  | 2,924,114 | ​
Time deposits | ​ |  | 452,051 | ​ |  | — | ​ |  | 446,218 | ​ |  | — | ​ |  | 446,218 | ​
Securities sold under agreements to repurchase and other short-term borrowings | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Federal Home Loan Bank advances | ​ |  | 380,000 | ​ |  | — | ​ |  | 382,062 | ​ |  | — | ​ |  | 382,062 | ​
Accrued interest payable | ​ |  | 4,073 | ​ |  | — | ​ |  | 4,073 | ​ |  | — | ​ |  | 4,073 | ​
Rate lock commitments | ​ |  | 243 | ​ | ​ | — | ​ | ​ | 243 | ​ | ​ | — | ​ | ​ | 243 | ​
Mandatory forward contracts | ​ | ​ | 61 | ​ | ​ | — | ​ | ​ | 61 | ​ | ​ | — | ​ | ​ | 61 | ​
Interest rate swap agreements | ​ | ​ | 8,933 | ​ | ​ | — | ​ | ​ | 8,933 | ​ | ​ | — | ​ | ​ | 8,933 | ​
​
Nonrecurring basis |
Fair Value Disclosures |
Fair value inputs quantitative information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  | ​ |  |  |  |  |  | Range
​ | ​ | Fair | ​ | Valuation | ​ | Unobservable | ​ | (Weighted
March 31, 2024 (dollars in thousands) | ​ | Value | ​ | Technique | ​ | Inputs | ​ | Average)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned - commercial real estate | ​ | $ | 1,486 |  | Sales comparison approach |  | Adjustments determined for differences between comparable sales |  | 39% (39%)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  | ​ |  |  |  |  |  | Range
​ | ​ | Fair | ​ | Valuation | ​ | Unobservable | ​ | (Weighted
December 31, 2023 (dollars in thousands) | ​ | Value | ​ | Technique | ​ | Inputs | ​ | Average)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateral-dependent loans - residential real estate owner-occupied | ​ | $ | 1,580 |  | Sales comparison approach |  | Adjustments determined for differences between comparable sales |  | 0% - 27% (4%)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateral-dependent loans - commercial real estate | ​ | $ | 795 |  | Sales comparison approach |  | Adjustments determined for differences between comparable sales |  | 11% (11%)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateral-dependent loans - home equity | ​ | $ | 104 |  | Sales comparison approach |  | Adjustments determined for differences between comparable sales |  | 5% (5%)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other real estate owned - commercial real estate | ​ | $ | 1,370 |  | Sales comparison approach |  | Adjustments determined for differences between comparable sales |  | 39% (39%)
Private label mortgage backed security |
Fair Value Disclosures |
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​
​ | ​ | March 31, | ​
(in thousands) | ​ | 2024 | ​ | 2023 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, beginning of period | ​ | $ | 1,773 | ​ | $ | 2,127 | ​
Total gains or losses included in earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net change in unrealized gain (loss) | ​ |  | 57 | ​ |  | 5 | ​
Principal paydowns | ​ |  | (58) | ​ |  | (122) | ​
Balance, end of period | ​ | $ | 1,772 | ​ | $ | 2,010 | ​
Private label mortgage backed security | Recurring basis |
Fair Value Disclosures |
Fair value inputs quantitative information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair |  | Valuation |  |  |  | ​ |
March 31, 2024 (dollars in thousands) | ​ | Value | ​ | Technique | ​ | Unobservable Inputs | ​ | Range |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Private label mortgage-backed security | ​ | $ | 1,772 |  | Discounted cash flow |  | (1) Constant prepayment rate |  | 3.9% - 4.6% | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | (2) Probability of default |  | 1.8% - 9.4% | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | (3) Loss severity |  | 22% - 35% | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair |  | Valuation |  |  |  | ​ |
December 31, 2023 (dollars in thousands) | ​ | Value | ​ | Technique | ​ | Unobservable Inputs | ​ | Range |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Private label mortgage-backed security | ​ | $ | 1,773 |  | Discounted cash flow |  | (1) Constant prepayment rate |  | 3.9% - 4.5% | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | (2) Probability of default |  | 1.8% - 9.4% | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | (3) Loss severity |  | 25% - 35% | ​
Trust Preferred Securities |
Fair Value Disclosures |
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​
​ | ​ | March 31, | ​
(in thousands) | ​ | 2024 | ​ | 2023 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, beginning of period | ​ | $ | 4,118 | ​ | $ | 3,855 | ​
Total gains or losses included in earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Discount accretion | ​ | ​ | 15 | ​ | ​ | 14 | ​
Net change in unrealized gain (loss) | ​ |  | (106) | ​ |  | 132 | ​
Balance, end of period | ​ | $ | 4,027 | ​ | $ | 4,001 | ​
Mortgage Loans Held for Sale |
Fair Value Disclosures |
Schedule of aggregate fair value, contractual balance and unrealized gain | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | March 31, 2024 |  | December 31, 2023 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Aggregate fair value | ​ | $ | 80,884 | ​ | $ | 3,227 | ​
Contractual balance | ​ |  | 80,681 | ​ |  | 3,168 | ​
Unrealized gain | ​ |  | 203 | ​ |  | 59 | ​
Schedule of gains and losses from changes in fair value included in earnings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended |  | ​
​ | ​ | March 31, | ​ | ​
(in thousands) |  | 2024 |  | 2023 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income | ​ | $ | 86 | ​ | $ | 61 | ​ | ​
Change in fair value | ​ |  | 145 | ​ |  | (8) | ​ | ​
Total included in earnings | ​ | $ | 231 | ​ | $ | 53 | ​ | ​
Consumer loans |
Fair Value Disclosures |
Schedule of aggregate fair value, contractual balance and unrealized gain | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | March 31, 2024 |  | December 31, 2023 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Aggregate fair value | ​ | $ | 6,093 | ​ | $ | 7,914 | ​
Contractual balance | ​ |  | 6,129 | ​ |  | 7,964 | ​
Unrealized loss | ​ |  | (36) | ​ |  | (50) | ​
Schedule of gains and losses from changes in fair value included in earnings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | ​
​ | ​ | March 31, | ​ | ​
(in thousands) |  | 2024 |  | 2023 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income | ​ | $ | 1,173 | ​ | $ | 765 | ​ | ​
Change in fair value | ​ |  | 14 | ​ |  | 3 | ​ | ​
Total included in earnings | ​ | $ | 1,187 | ​ | $ | 768 | ​ | ​
Consumer loans | Nonrecurring basis |
Fair Value Disclosures |
Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair |  | Valuation |  |  |  | ​
March 31, 2024 (dollars in thousands) | ​ | Value | ​ | Technique | ​ | Unobservable Inputs | ​ | Rate
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer loans held for sale | ​ | $ | 6,093 |  | Contract Terms |  | (1) Net Premium |  | 0.15%
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | (2) Discounted Sales |  | 10.00%
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair |  | Valuation |  |  |  | ​
December 31, 2023 (dollars in thousands) | ​ | Value | ​ | Technique | ​ | Unobservable Inputs | ​ | Rate
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer loans held for sale | ​ | $ | 7,914 |  | Contract Terms |  | (1) Net Premium |  | 0.15%
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | (2) Discounted Sales |  | 10.00%

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