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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income          
Interest and fees on loans $ 25,109 $ 25,020 $ 24,579 $ 50,129 $ 48,837
Interest on investment securities 8,299 8,805 9,994 17,104 20,027
Interest on federal funds sold and due from banks 924 321 48 1,245 104
Total interest income 34,332 34,146 34,621 68,478 68,968
Interest expense          
Interest on interest-bearing transaction accounts 274 261 234 535 488
Interest on savings accounts 511 371 146 882 316
Interest on money market accounts 8,641 8,449 4,292 17,090 5,377
Interest on time accounts 2,291 2,280 946 4,571 1,169
Interest on borrowings and other obligations 148 91 4,873 239 7,589
Total interest expense 11,865 11,452 10,491 23,317 14,939
Net interest income 22,467 22,694 24,130 45,161 54,029
Provision for credit losses on loans 5,200 350 500 5,550 850
Reversal of credit losses on unfunded loan commitments 0 0 (168) 0 (342)
Net interest income after provision for (reversal of) credit losses 17,267 22,344 23,798 39,611 53,521
Non-interest income          
Earnings on bank-owned life insurance, net 421 435 362 856 1,067
Dividends on Federal Home Loan Bank stock 366 377 290 743 592
Losses on sale of investment securities (32,542) 0 0 (32,542) 0
Other income 420 285 326 705 630
Total non-interest income (29,755) 2,754 2,739 (27,001) 5,674
Non-interest expense          
Salaries and related benefits 12,364 12,084 11,416 24,448 22,346
Occupancy and equipment 2,049 1,969 1,980 4,018 4,394
Professional services 1,043 1,078 797 2,121 1,920
Data processing 1,005 1,070 922 2,075 1,967
Deposit network fees 916 845 521 1,761 616
Federal Deposit Insurance Corporation insurance 426 435 666 861 955
Information technology 448 402 357 850 727
Depreciation and amortization 379 388 400 767 1,282
Directors' expense 306 317 300 623 621
Charitable contributions 604 13 638 617 687
Amortization of core deposit intangible 246 251 340 497 685
Other real estate owned 0 0 44 0 48
Other expense 2,108 2,317 2,284 4,425 4,197
Total non-interest expense 21,894 21,169 20,665 43,063 40,445
(Loss) income before (benefit from) provision for income taxes (34,382) 3,929 5,872 (30,453) 18,750
(Benefit from) provision for income taxes (12,480) 1,007 1,321 (11,473) 4,759
Net (loss) income $ (21,902) $ 2,922 $ 4,551 $ (18,980) $ 13,991
Net (loss) income per common share:          
Basic (in dollars per share) $ (1.36) $ 0.18 $ 0.28 $ (1.18) $ 0.88
Diluted (in dollars per share) $ (1.36) $ 0.18 $ 0.28 $ (1.18) $ 0.87
Weighted average shares:          
Basic (in shares) 16,108 16,081 16,009 16,095 15,990
Diluted (in shares) 16,108 16,092 16,016 16,095 16,008
Comprehensive income:          
Net (loss) income $ (21,902) $ 2,922 $ 4,551 $ (18,980) $ 13,991
Other comprehensive income (loss):          
Change in net unrealized gains or losses on available-for-sale securities 559 (4,568) (10,928) (4,009) 5,285
Reclassification adjustment for realized losses on available-for-sale securities in net income 32,542 0 0 32,542 0
Reclassification adjustment for gains or losses on fair value hedges 282 1,217 0 1,499 0
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity 403 361 451 764 914
Other comprehensive income (loss), before tax 33,786 (2,990) (10,477) 30,796 6,199
Deferred tax expense (benefit) 9,981 (884) (3,097) 9,097 1,833
Other comprehensive income (loss), net of tax 23,805 (2,106) (7,380) 21,699 4,366
Total comprehensive income (loss) 1,903 816 (2,829) 2,719 18,357
Wealth management and trust services          
Non-interest income          
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts and merchant interchange fees net 585 553 559 1,138 1,070
Service charges on deposit accounts          
Non-interest income          
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts and merchant interchange fees net 541 529 520 1,070 1,053
Debit card interchange fees, net          
Non-interest income          
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts and merchant interchange fees net 444 408 555 852 1,002
Merchant interchange fees, net          
Non-interest income          
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts and merchant interchange fees net $ 10 $ 167 $ 127 $ 177 $ 260