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Securities (Tables)
 9 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
The following tables summarize securities AFS and securities HTM as of September 30, 2023 and December 31, 2022.
September 30, 2023
 AmortizedGross UnrealizedFair
(in thousands)CostGainsLossesValue
Securities available-for-sale    
U.S. Government-sponsored agencies$98,594 $550 $(1,966)$97,178 
Municipal securities69,031 64 (6,323)62,772 
Agency mortgage-backed securities - residential 1
235,468 — (42,372)193,096 
Agency mortgage-backed securities - commercial37,931 — (1,768)36,163 
Private label mortgage-backed securities - residential20,292 — (1,716)18,576 
Asset-backed securities6,713 2 (12)6,703 
Corporate securities39,603 113 (3,377)36,339 
Total available-for-sale$507,632 $729 $(57,534)$450,827 
 December 31, 2022
 AmortizedGross UnrealizedFair
(in thousands)CostGainsLossesValue
Securities available-for-sale    
U.S. Government-sponsored agencies$35,606 $— $(1,797)$33,809 
Municipal securities68,958 458 (2,140)67,276 
Agency mortgage-backed securities - residential 1
252,066 — (36,974)215,092 
Agency mortgage-backed securities - commercial17,142 — (1,302)15,840 
Private label mortgage-backed securities - residential11,777 — (1,322)10,455 
Asset-backed securities
5,000 — (40)4,960 
Corporate securities45,634 35 (2,717)42,952 
Total available-for-sale$436,183 $493 $(46,292)$390,384 
Schedule Of Held-To-Maturity Securities Reconciliation
 September 30, 2023
 Amortized CostGross UnrealizedFair ValueAllowance for Credit LossesNet Carrying Value
(in thousands)GainsLosses
Securities held-to-maturity    
Municipal securities$13,903 $— $(1,454)$12,449 $(3)$13,900 
Mortgage-backed securities - residential170,524 — (23,112)147,412 — 170,524 
Mortgage-backed securities - commercial5,782 — (1,592)4,190 — 5,782 
Corporate securities42,040 — (4,441)37,599 (318)41,722 
Total held-to-maturity$232,249 $— $(30,599)$201,650 $(321)$231,928 

1 Includes $0.4 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of September 30, 2023.
 December 31, 2022
 AmortizedGross UnrealizedFair
(in thousands)CostGainsLossesValue
Securities held-to-maturity    
Municipal securities$13,946 $— $(1,114)$12,832 
Agency mortgage-backed securities - residential121,853 — (15,112)106,741 
Agency mortgage-backed securities - commercial5,818 — (1,266)4,552 
Corporate securities47,551 — (3,193)44,358 
Total held-to-maturity$189,168 $— $(20,685)$168,483 

1 Includes $0.5 million of additional premium related to terminated interest rate swaps associated with agency mortgage-backed securities - residential as of December 31, 2022.
Available-for-sale Securities
The carrying value of securities at September 30, 2023 is shown below by their contractual maturity date. Actual maturities will differ because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 Available-for-Sale
(in thousands)Amortized
Cost		Fair
Value
Within one year$550 $545 
One to five years29,373 30,293 
Five to ten years60,746 57,066 
After ten years116,559 108,385 
 207,228 196,289 
Agency mortgage-backed securities - residential235,468 193,096 
Agency mortgage-backed securities - commercial37,931 36,163 
Private label mortgage-backed securities - residential20,292 18,576 
Asset-backed securities6,713 6,703 
Total$507,632 $450,827 
Held-to-maturity Securities
 Held-to-Maturity
(in thousands)Amortized
Cost		Fair
Value
Within one year$995 $977 
One to five years7,135 6,817 
Five to ten years43,859 38,974 
After ten years3,954 3,280 
55,943 50,048 
Agency mortgage-backed securities - residential170,524 147,412 
Agency mortgage-backed securities - commercial5,782 4,190 
Total$232,249 $201,650 
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value The following tables show the securities portfolio’s gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2023 and December 31, 2022.
 September 30, 2023
 Less Than 12 Months12 Months or LongerTotal
(in thousands)Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Securities available-for-sale      
U.S. Government-sponsored agencies$42,445 $(184)$26,328 $(1,782)$68,773 $(1,966)
Municipal securities9,729 (815)46,445 (5,508)56,174 (6,323)
Agency mortgage-backed securities- residential4,292 (67)188,803 (42,305)193,095 (42,372)
Agency mortgage-backed securities- commercial21,856 (95)14,307 (1,673)36,163 (1,768)
Private label mortgage-backed securities - residential9,431 (251)9,145 (1,465)18,576 (1,716)
     Asset-backed securities5,803 (12)— — 5,803 (12)
Corporate securities1,720 (330)23,953 (3,047)25,673 (3,377)
Total$95,276 $(1,754)$308,981 $(55,780)$404,257 $(57,534)




 December 31, 2022
 Less Than 12 Months12 Months or LongerTotal
(in thousands)Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Securities available-for-sale      
U.S. Government-sponsored agencies$29,668 $(1,008)$4,141 $(789)$33,809 $(1,797)
Municipal securities39,557 (1,766)4,778 (374)44,335 (2,140)
Agency mortgage-backed securities - residential
170,026 (29,690)45,066 (7,284)215,092 (36,974)
Agency mortgage-backed securities - commercial10,560 (926)5,280 (376)15,840 (1,302)
Private label mortgage-backed securities2,445 (330)8,010 (992)10,455 (1,322)
Asset-backed securities
4,960 (40)— — 4,960 (40)
Corporate securities21,568 (1,452)13,239 (1,265)34,807 (2,717)
Total$278,784 $(35,212)$80,514 $(11,080)$359,298 $(46,292)

 December 31, 2022
 Less Than 12 Months12 Months or LongerTotal
(in thousands)Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Securities held-to-maturity      
Municipal securities$8,160 $(661)$4,258 $(453)$12,418 $(1,114)
Agency mortgage-backed securities - residential68,408 (8,848)38,332 (6,264)106,740 (15,112)
Agency mortgage-backed securities - commercial4,552 (1,266)— — 4,552 (1,266)
Corporate securities36,866 (2,685)7,492 (508)44,358 (3,193)
Total$117,986 $(13,460)$50,082 $(7,225)$168,068 $(20,685)
The following table summarizes ratings for the Company’s HTM portfolio issued by state and political subdivisions and other securities as of September 30, 2023.

 Held-to-Maturity
(in thousands)State and MunicipalOtherTotal
Aaa/AAA$95 $— $95 
Aa1/AA+9,831 — 9,831 
Aa2/AA1,539 — 1,539 
A1/A+1,794 — 1,794 
A2/A644 5,000 5,644 
A3/A-— 4,512 4,512 
Baa1/BBB+— 9,500 9,500 
Baa2/BBB— 8,500 8,500 
Baa3/BBB-— 12,528 12,528 
Ba1/BB+— 2,000 2,000 
Not Rated 1
— 176,306 176,306 
   Total$13,903 $218,346 $232,249 

1 HTM agency mortgage-backed securities - commercial and residential are listed under Other securities as not rated.
Schedule of Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive loss, included in shareholders' equity, for the nine months ended September 30, 2023 and 2022, respectively, are presented in the table below.
(in thousands)Unrealized Losses On Debt SecuritiesUnrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-MaturityCash Flow HedgesTotal
Balance, January 1, 2023$(35,831)$(3,519)$5,714 $(33,636)
Other comprehensive (loss) income before reclassifications from accumulated other comprehensive loss before tax(11,006)— 664 (10,342)
Reclassifications from accumulated other comprehensive loss to earnings before tax— 537 — 537 
Other comprehensive (loss) gain before tax(11,006)537 664 (9,805)
Income tax (benefit) provision(2,537)140 153 (2,244)
Other comprehensive (loss) gain - net of tax(8,469)397 511 (7,561)
Balance, September 30, 2023$(44,300)$(3,122)$6,225 $(41,197)
Balance, January 1, 2022$(2,555)$— $(8,484)$(11,039)
Other comprehensive (loss) income before reclassifications from accumulated other comprehensive loss before tax(51,682)(5,402)19,424 (37,660)
Reclassifications from accumulated other comprehensive loss to earnings before tax— 608— 608 
Other comprehensive (loss) gain before tax(51,682)(4,794)19,424 (37,052)
Income tax (benefit) provision (13,384)(1,203)5,639 (8,948)
Other comprehensive (loss) income - net of tax(38,298)(3,591)13,785 (28,104)
Balance, September 30, 2022$(40,853)$(3,591)$5,301 $(39,143)


The components of accumulated other comprehensive loss, included in stockholders' equity, for the three months ended September 30, 2023 and 2022, respectively, are presented in the table below.

(in thousands)Unrealized Losses On Debt SecuritiesUnrealized Losses On Debt Securities Transferred From Available-For-Sale To Held-To-MaturityCash Flow HedgesTotal
Balance, July 1, 2023$(35,592)$(3,250)$5,656 $(33,186)
Other comprehensive (loss) income before reclassifications from accumulated other comprehensive loss before tax(11,308)— 740 (10,568)
Reclassifications from accumulated other comprehensive loss to earnings before tax— 173 173 
Other comprehensive (loss) gain before tax(11,308)173 740 (10,395)
Income tax (benefit) provision (2,600)45 171 (2,384)
Other comprehensive (loss) income - net of tax(8,708)128 569 (8,011)
Balance, September 30, 2023$(44,300)$(3,122)$6,225 $(41,197)
Balance, July 1, 2022$(27,568)$(3,818)$636 $(30,750)
Other comprehensive (loss) income before reclassifications from accumulated other comprehensive loss before tax(18,406)— 6,058 (12,348)
Reclassifications from accumulated other comprehensive loss to earnings before tax— 296— 296 
Other comprehensive (loss) gain before tax(18,406)296 6,058 (12,052)
Income tax (benefit) provision (5,121)69 1,393 (3,659)
Other comprehensive (loss) income - net of tax(13,285)227 4,665 (8,393)
Balance, September 30, 2022$(40,853)$(3,591)$5,301 $(39,143)
Details About Accumulated Other Comprehensive Loss ComponentsAmounts Reclassified from
Accumulated Other Comprehensive Loss for the 		Amounts Reclassified from
Accumulated Other Comprehensive Income (Loss) for the		Affected Line Item in the
Statements of Operations
Three Months Ended September 30, 2023Three Months Ended September 30, 2022Nine Months Ended September 30, 2023Nine Months Ended September 30, 2022
Reclassifications from accumulated other comprehensive loss to earnings before tax$(173)(296)$(537)$(608)Interest income
Total amount reclassified before tax(173)(296)(537)(608)Income before income taxes
Tax benefit(45)(68)(140)(139)Income tax (benefit) provision
Total reclassifications from accumulated other comprehensive loss$(128)$(228)$(397)$(469)Net income