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Business Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of reportable operating segments

The following tables provide income and asset information as of June 30, 2025 and December 31, 2024 and for three and six months ended June 30, 2025 and 2024, which are included within the Consolidated Balance Sheets and Consolidated Statements of Operations.

		Three Months Ended
		June 30, 2025
		Community Banking				Marine Lending				Wealth Management				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	22,158			$	2,657			$	—			$	—			$	—			$	24,815
Interest Expense			7,724				1,038				—				355				—				9,117
Net Interest Income (Expense)			14,434				1,619				—				(355	)			—				15,698
Gain on sales of loans			1,104				—				—				—				—				1,104
Other noninterest income			2,120				—				1,693				—				—				3,813
Net Revenue (Expense)			17,658				1,619				1,693				(355	)			—				20,615
Provision for (recovery of) credit losses			794				(126	)			—				—				—				668
Salaries and employee benefits			7,276				—				543				26				—				7,845
Occupancy expenses			577				—				21				—				—				598
Professional fees			521				10				—				110				—				641
Data processing fees			618				—				15				—				—				633
Other noninterest expense			3,347				116				197				22				—				3,682
Total Noninterest Expenses			12,339				126				776				158				—				13,399
Income (loss) before taxes			4,525				1,619				917				(513	)			—				6,548
Income tax expense (benefit)			855				339				192				(108	)			—				1,278
Net Income (Loss)		$	3,670			$	1,280			$	725			$	(405	)		$	—			$	5,270
Other data:
Capital expenditures		$	262			$	—			$	—			$	—			$	—			$	262
Depreciation and amortization			447				—				25				17				—				489
		Three Months Ended
		June 30, 2024
		Community Banking				Marine Lending				Wealth Management				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	18,558			$	3,180			$	—			$	—			$	—			$	21,738
Interest Expense			7,815				1,412				—				355				—				9,582
Net Interest Income (Expense)			10,743				1,768				—				(355	)			—				12,156
Gain on sales of loans			492				—				—				—				—				492
Other noninterest income			2,540				—				1,273				—				—				3,813
Net Revenue (Expense)			13,775				1,768				1,273				(355	)			—				16,461
Provision for (recovery of) credit losses			207				(26	)			—				—				—				181
Salaries and employee benefits			6,912				—				416				25				—				7,353
Occupancy expenses			448				—				22				—				—				470
Professional fees			438				13				—				60				—				511
Data processing fees			557				—				1				—				—				558
Other noninterest expense			3,250				122				236				10				—				3,618
Total Noninterest Expenses			11,605				135				675				95				—				12,510
Income (loss) before taxes			1,963				1,659				598				(450	)			—				3,770
Income tax expense (benefit)			205				349				125				(94	)			—				585
Net Income (Loss)		$	1,758			$	1,310			$	473			$	(356	)		$	—			$	3,185
Other data:

Capital expenditures		$	421			$	—			$	—			$	—			$	—			$	421
Depreciation and amortization			245				—				31				17				—			$	293

		Six Months Ended
		June 30, 2025
		Community Banking				Marine Lending				Wealth Management				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	42,954			$	5,363			$	—			$	—			$	—			$	48,317
Interest Expense			16,340				2,234				—				709				—				19,283
Net Interest Income (Expense)			26,614				3,129				—				(709	)			—				29,034
Gain on sales of loans			1,533				—				—				—				—				1,533
(Loss) on the sale of securities			(12,425	)			—				—				—				—				(12,425	)
Other noninterest income			3,838				—				3,417				—				—				7,255
Net Revenue (Expense)			19,560				3,129				3,417				(709	)			—				25,397
Provision for (recovery of) credit losses			2,171				(270	)			—				—				—				1,901
Salaries and employee benefits			13,971				—				1,001				52				—				15,024
Occupancy expenses			1,219				—				41				—				—				1,260
Professional fees			1,020				10				—				174				—				1,204
Data processing fees			1,148				—				35				—				—				1,183
Other noninterest expense			6,693				220				382				22				—				7,317
Total Noninterest Expenses			24,051				230				1,459				248				—				25,988
(Loss) income before taxes			(6,662	)			3,169				1,958				(957	)			—				(2,492	)
Income tax (benefit) expense			(1,651	)			665				411				(213	)			—				(788	)
Net (Loss) Income		$	(5,011	)		$	2,504			$	1,547			$	(744	)		$	—			$	(1,704	)
Other data:
Capital expenditures		$	799			$	—			$	—			$	—			$	—			$	799
Depreciation and amortization			841				—				57				34				—				932
		Six Months Ended
		June 30, 2024
		Community Banking				Marine Lending				Wealth Management				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	36,999			$	6,642			$	—			$	—			$	—			$	43,641
Interest Expense			15,509				2,852				—				709				—				19,070
Net Interest Income (Expense)			21,490				3,790				—				(709	)			—				24,571
Gain on sales of loans			653				—				—				—				—				653
(Loss) on the sale of securities			—				—				—				—				—				—
Other noninterest income			4,403				—				2,729				—				—				7,132
Net Revenue (Expense)			26,546				3,790				2,729				(709	)			—				32,356
Provision for credit losses			293				363				—				—				—				656
Salaries and employee benefits			13,624				22				842				50				—				14,538
Occupancy expenses			994				—				45				—				—				1,039
Professional fees			856				13				—				148				—				1,017
Data processing fees			1,121				—				2				—				—				1,123
Other noninterest expense			6,384				318				458				10				—				7,170
Total Noninterest Expenses			22,979				353				1,347				208				—				24,887
Income (loss) before taxes			3,274				3,074				1,382				(917	)			—				6,813
Income tax expense (benefit)			321				646				290				(177	)			—				1,080
Net Income (Loss)		$	2,953			$	2,428			$	1,092			$	(740	)		$	—			$	5,733

Other data:
Capital expenditures		$	512			$	—			$	3			$	—			$	—			$	515
Depreciation and amortization			583				—				63				34				—				680

		Community Banking				Marine Lending				Wealth Management				All Other				Eliminations				Consolidated
Total assets at June 30, 2025		$	1,827,117			$	202,276			$	890			$	4,797			$	—			$	2,035,080
Total assets at December 31, 2024			1,645,219				218,055				955				1,986				—				1,866,215

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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