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Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Segment Revenue, Profit or Loss, Significant Segment Expenses and Other Segment Items
Segment revenue, profit or loss, significant segment expenses and other segment items
Three months endedNine months ended
(in thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Community banking segment:
Interest income
39,069 36,319 110,596 104,797 
Non-interest income
2,181 2,182 (11,741)(25,957)
Reconciliation of income
All other income1
564 706 1,739 1,844 
Total consolidated income
41,814 39,207 100,594 80,684 
Less:2
Total interest expense10,876 12,050 31,545 35,367 
Provision for credit losses on loans
— — 75 5,550 
Provision for credit losses on unfunded loan commitments
— (233)— (233)
Non-interest expense
Salaries and related benefits11,794 10,822 35,483 34,559 
Occupancy and equipment2,079 1,871 6,410 6,113 
Data processing1,042 892 3,129 2,564 
Deposit network fees1,158 1,879 3,144 4,000 
Information technology538 1,051 1,514 3,126 
Charitable contributions56 358 575 1,125 
Federal Deposit Insurance Corporation insurance459 404 1,268 1,254 
Professional services960 103 2,501 332 
Depreciation and amortization291 582 933 1,443 
Directors' expense249 293 832 916 
Amortization of core deposit intangible217 30 664 647 
Other expense2,035 1,711 6,349 6,103 
Segment income (loss) 10,060 7,394 6,172 (22,182)
Reconciliation of segment income
All other income1
450 421 1,280 1,298 
Income (loss) before income taxes$9,610 $6,973 $4,892 $(23,480)
1Other income and loss from segment below the quantitative thresholds are attributable to one operating segment of the Bank, the Wealth Management and Trust Services, which does not meet the quantitative thresholds for presenting reportable segments. Expenses of Wealth Management and Trust Services are comprised of salary and employee benefits, professional services, data processing, occupancy and equipment and other expenses totaling $450 thousand, and $421 thousand for the three months ended September 30, 2025 and 2024, respectively, and $1.3 million and $1.3 million for the nine month periods ended September 30, 2025 and 2024, respectively.
2The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
Schedule of Earnings (Loss) Per Share Reconciliation The following table shows: 1) weighted average basic shares, 2) potentially dilutive weighted average common shares related to stock options and unvested restricted stock awards, and 3) weighted average diluted shares. Basic earnings (loss) per share (“EPS”) are calculated by dividing net income (loss) by the weighted average number of common shares outstanding during each period, excluding unvested restricted stock awards. Diluted EPS are calculated using the weighted average number of potentially dilutive common shares. The number of potentially dilutive common shares included in the quarterly diluted EPS is computed using the average market prices during the three months included in the reporting period under the treasury stock method. The number of potentially dilutive common shares included in year-to-date diluted EPS is a year-to-date weighted average of potentially dilutive common shares included in each quarterly diluted EPS computation. In computing diluted EPS, we exclude anti-dilutive shares such as options whose exercise prices exceed the current common stock price, as they would not reduce EPS under the treasury stock method. We have two forms of outstanding common stock: common stock and unvested restricted stock awards. Holders of unvested restricted stock awards receive non-forfeitable dividends at the same rate as common shareholders and they both share equally in undistributed earnings. Under the two-class method, the difference in EPS is nominal for these participating securities.
Three months endedNine months ended
(in thousands, except per share data)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Weighted average basic common shares outstanding15,907 16,038 15,957 16,076 
Potentially dilutive common shares related to:
Stock options— — — — 
Unvested restricted stock awards27 28 22 — 
Weighted average diluted common shares outstanding15,934 16,066 15,979 16,076 
Net income ( loss)$7,526 $4,570 $3,866 $(14,410)
Basic income (loss) per common share$0.47 $0.28 $0.24 $(0.90)
Diluted income (loss) per common share 1
$0.47 $0.28 $0.24 $(0.90)
Weighted average anti-dilutive common shares and unvested restricted shares not included in the calculation of diluted EPS
220 296 256 392 
1 Because Bancorp was in a net loss position for the nine months ended September 30, 2024, diluted net loss per share is the same as basic net loss per share, as the inclusion of potentially dilutive common shares would have been anti-dilutive.