10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒            QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2024

☐            TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to ________

Commission file number:     001-35593

HOMETRUST BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Maryland	45-5055422
(State or other jurisdiction of incorporation of organization)	(I.R.S. Employer Identification No.)

10 Woodfin Street, Asheville, North Carolina 28801

(Address of principal executive offices; Zip Code)

(828) 259-3939

(Registrant's telephone number, including area code)

None

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $.01 per share	HTBI	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 and 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.        Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☒
Non-accelerated filer   ☐	Smaller reporting company ☐
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐ No ☒

There were 17,444,787 shares of common stock, par value of $0.01 per share, issued and outstanding as of May 3, 2024.

HOMETRUST BANCSHARES, INC. AND SUBSIDIARIES

FORM 10-Q

TABLE OF CONTENTS

			Page
PART I FINANCIAL INFORMATION
Item 1	Financial Statements
		Consolidated Balance Sheets at March 31, 2024 (Unaudited) and December 31, 2023	3
		Consolidated Statements of Income (Unaudited) for the Three Months Ended March 31, 2024 and 2023	4
		Consolidated Statements of Comprehensive Income (Unaudited) for the Three Months Ended March 31, 2024 and 2023	5
		Consolidated Statements of Changes in Stockholders' Equity (Unaudited) for the Three Months Ended March 31, 2024 and 2023	6
		Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2024 and 2023	7
		Notes to Consolidated Financial Statements	9
Item 2	Management's Discussion and Analysis of Financial Condition and Results of Operations		31
Item 3	Quantitative and Qualitative Disclosures about Market Risk		39
Item 4	Controls and Procedures		39
PART II OTHER INFORMATION
Item 1	Legal Proceedings		40
Item 1A	Risk Factors		40
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds		40
Item 3	Defaults Upon Senior Securities		40
Item 4	Mine Safety Disclosures		40
Item 5	Other Information		40
Item 6	Exhibits		40
SIGNATURES			43

1

Glossary of Defined Terms

The following terms may be used throughout this Form 10-Q, including the Notes to Consolidated Financial Statements in Item 1 and Management's Discussion and Analysis of Financial Condition and Results of Operations in Item 2 of this Form 10-Q.

Term	Definition
ACL	Allowance for Credit Losses
AFS	Available-For-Sale
ASC	Accounting Standards Codification
ASU	Accounting Standards Update
BOLI	Bank Owned Life Insurance
CD	Certificate of Deposit
CDA	Collateral Dependent Asset
CECL	Current Expected Credit Losses
CET1	Common Equity Tier 1
COVID-19	Coronavirus Disease 2019
DCF	Discounted Cash Flows
Dodd-Frank Act	Dodd-Frank Wall Street Reform and Consumer Protection Act
ECL	Expected Credit Losses
EPS	Earnings Per Share
ESOP	Employee Stock Ownership Plan
FASB	Financial Accounting Standards Board
FDIC	Federal Deposit Insurance Corporation
Federal Reserve	Board of Governors of the Federal Reserve System
FHLB or FHLB of Atlanta	Federal Home Loan Bank
FRB	Federal Reserve Bank of Richmond
GSE	Government-Sponsored Enterprises
HELOC	Home Equity Line of Credit
IRLC	Interest Rate Lock Commitments
MBS	Mortgage-Backed Security
NCCOB	North Carolina Office of the Commissioner of Banks
OREO	Other Real Estate Owned
PCD	Purchased Financial Assets with Credit Deterioration
Quantum	Quantum Capital Corp. and its wholly owned subsidiary, Quantum National Bank
ROA	Return on Assets
ROE	Return on Equity
ROU	Right of Use
RSU	Restricted Stock Unit
SBA	U.S. Small Business Administration
SBIC	Small Business Investment Companies
SEC	Securities and Exchange Commission
SOFR	Secured Overnight Financing Rate
TBA	To-be-announced
US GAAP	Generally Accepted Accounting Principles in the United States

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Consolidated Balance Sheets

(Dollars in thousands, except per share data)

	(Unaudited)
	March 31, 2024		December 31, 2023
Assets
Cash	$	16,134	$	18,307
Interest-bearing deposits	364,359		328,833
Cash and cash equivalents	380,493		347,140
Certificates of deposit in other banks	33,625		34,722
Debt securities available for sale, at fair value (amortized cost of $123,606 and $128,964 at March 31, 2024 and December 31, 2023, respectively)	120,807		126,950
FHLB and FRB stock	13,691		18,393
SBIC investments, at cost	14,568		13,789
Loans held for sale, at fair value	2,764		3,359
Loans held for sale, at the lower of cost or fair value	220,699		198,433
Loans, net of deferred loan fees and costs	3,648,152		3,640,022
Allowance for credit losses – loans	(47,502)		(48,641)
Loans, net	3,600,650		3,591,381
Premises and equipment, net	70,588		70,937
Accrued interest receivable	16,944		16,902
Deferred income taxes, net	11,222		11,796
BOLI	88,369		88,257
Goodwill	34,111		34,111
Core deposit intangibles, net	8,297		9,059
Other assets	67,183		107,404
Total assets	$	4,684,011	$	4,672,633
Liabilities and stockholders' equity
Liabilities
Deposits	$	3,799,807	$	3,661,373
Junior subordinated debt	10,045		10,021
Borrowings	291,513		433,763
Other liabilities	69,473		67,583
Total liabilities	4,170,838		4,172,740
Commitments and contingencies – See Note 12
Stockholders' equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding	—		—
Common stock, $0.01 par value, 60,000,000 shares authorized, 17,444,787 shares issued and outstanding at March 31, 2024; 17,387,069 at December 31, 2023	175		174
Additional paid in capital	172,919		172,366
Retained earnings	346,598		333,401
Unearned ESOP shares	(4,364)		(4,497)
Accumulated other comprehensive loss	(2,155)		(1,551)
Total stockholders' equity	513,173		499,893
Total liabilities and stockholders' equity	$	4,684,011	$	4,672,633

The accompanying notes are an integral part of these consolidated financial statements.

3

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Consolidated Statements of Income

(Dollars in thousands, except per share data)

	(Unaudited)
	Three Months Ended March 31,
	2024		2023
Interest and dividend income
Loans	$	59,952	$	47,908
Debt securities available for sale	1,313		1,183
Other investments and interest-bearing deposits	2,090		1,575
Total interest and dividend income	63,355		50,666
Interest expense
Deposits	20,318		7,864
Junior subordinated debt	236		109
Borrowings	1,571		1,239
Total interest expense	22,125		9,212
Net interest income	41,230		41,454
Provision for credit losses	1,165		8,760
Net interest income after provision for credit losses	40,065		32,694
Noninterest income
Service charges and fees on deposit accounts	2,149		2,256
Loan income and fees	678		562
Gain on sale of loans held for sale	1,457		1,811
BOLI income	1,835		522
Operating lease income	1,859		1,505
Gain (loss) on sale of premises and equipment	(9)		900
Other	842		754
Total noninterest income	8,811		8,310
Noninterest expense
Salaries and employee benefits	16,976		16,246
Occupancy expense, net	2,437		2,467
Computer services	3,088		2,911
Telephone, postage and supplies	585		613
Marketing and advertising	645		372
Deposit insurance premiums	554		612
Core deposit intangible amortization	762		606
Merger-related expenses	—		4,741
Other	4,817		4,265
Total noninterest expense	29,864		32,833
Income before income taxes	19,012		8,171
Income tax expense	3,945		1,437
Net income	$	15,067	$	6,734
Per share data
Net income per common share
Basic	$	0.88	$	0.40
Diluted	$	0.88	$	0.40
Average shares outstanding
Basic	16,859,738		16,021,994
Diluted	16,872,840		16,077,116

The accompanying notes are an integral part of these consolidated financial statements.

4

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Consolidated Statements of Comprehensive Income

(Dollars in thousands)

	(Unaudited)
	Three Months Ended March 31,
	2024		2023
Net income	$	15,067	$	6,734
Other comprehensive income (loss)
Unrealized holding gains (losses) on debt securities available for sale
Gains (losses) arising during the period	(785)		908
Deferred income tax benefit (expense)	181		(209)
Total other comprehensive income (loss)	(604)		699
Comprehensive income	$	14,463	$	7,433

The accompanying notes are an integral part of these consolidated financial statements.

5

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Consolidated Statements of Changes in Stockholders' Equity

(Dollars in thousands)

	(Unaudited)
	Three Months Ended March 31, 2024
	Common Stock			Additional Paid In Capital		Retained Earnings		Unearned ESOP Shares		Accumulated Other Comprehensive Loss		Total Stockholders' Equity
	Shares	Amount
Balance at December 31, 2023	17,387,069	$	174	$	172,366	$	333,401	$	(4,497)	$	(1,551)	$	499,893
Net income	—	—		—		15,067		—		—		15,067
Cash dividends declared on common stock, $0.11/common share	—	—		—		(1,870)		—		—		(1,870)
Retired stock	(8,762)	—		(233)		—		—		—		(233)
Granted restricted stock	56,480	—		—		—		—		—		—
Exercised stock options	10,000	1		158		—		—		—		159
Share-based compensation expense	—	—		413		—		—		—		413
ESOP compensation expense	—	—		215		—		133		—		348
Other comprehensive loss	—	—		—		—		—		(604)		(604)
Balance at March 31, 2024	17,444,787	$	175	$	172,919	$	346,598	$	(4,364)	$	(2,155)	$	513,173
	(Unaudited)
	Three Months Ended March 31, 2023
	Common Stock			Additional Paid In Capital		Retained Earnings		Unearned ESOP Shares		Accumulated Other Comprehensive Loss		Total Stockholders' Equity
	Shares	Amount
Balance at December 31, 2022	15,673,595	$	157	$	128,486	$	290,271	$	(5,026)	$	(3,733)	$	410,155
Net income	—	—		—		6,734		—		—		6,734
Cash dividends declared on common stock, $0.10/common share	—	—		—		(1,680)		—		—		(1,680)
Retired stock	(9,066)	—		(249)		—		—		—		(249)
Granted restricted stock	53,339	—		—		—		—		—		—
Stock issued for Quantum acquisition	1,374,646	14		37,720		—		—		—		37,734
Exercised stock options	277,549	3		4,063		—		—		—		4,066
Share-based compensation expense	—	—		434		—		—		—		434
ESOP compensation expense	—	—		216		—		133		—		349
Other comprehensive income	—	—		—		—		—		699		699
Balance at March 31, 2023	17,370,063	$	174	$	170,670	$	295,325	$	(4,893)	$	(3,034)	$	458,242

The accompanying notes are an integral part of these consolidated financial statements.

6

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Consolidated Statements of Cash Flows

(Dollars in thousands)

	(Unaudited)
	Three Months Ended March 31,
	2024		2023
Operating activities
Net income	$	15,067	$	6,734
Adjustments to reconcile net income to net cash used in operating activities:
Provision for credit losses	1,165		8,760
Depreciation and amortization of premises and equipment and equipment for operating leases	2,578		2,309
Deferred income tax expense (benefit)	755		(1,124)
Net accretion of purchase accounting adjustments on loans	(715)		(352)
Net amortization and accretion	1,841		1,746
SBIC investments income	(254)		(525)
Loss (gain) on sale of premises and equipment	9		(900)
Loss on sale or writedown of REO	—		78
Loss (gain) incurred at the end of operating leases - lessor	145		(17)
BOLI income	(1,835)		(522)
Gain on sale of loans held for sale	(1,457)		(1,811)
Origination of loans held for sale	(63,087)		(80,293)
Proceeds from sales of loans held for sale	37,790		62,253
New deferred loan origination costs, net	(374)		(184)
(Increase) decrease in accrued interest receivable and other assets	(3,281)		727
Share-based compensation expense	413		434
ESOP compensation expense	348		349
Increase (decrease) in other liabilities	1,858		(1,667)
Net cash used in operating activities	(9,034)		(4,005)
Investing activities
Purchase of debt securities available for sale	(12,034)		(7,938)
Proceeds from maturities, calls and paydowns of debt securities available for sale	17,666		12,832
Purchases of CDs in other banks	(1,988)		(6,221)
Proceeds from maturities of CDs in other banks	3,085		2,490
Net (purchases) redemptions of FHLB and FRB stock	4,702		(4,339)
Net capital contributions in SBIC investments, at cost	(525)		(681)
Net increase in loans	(5,299)		(97,332)
Purchase of BOLI	(11)		(29)
Collection of receivable representing proceeds from redemption of BOLI policies	41,319		—
Purchase of equipment for operating leases	(3,401)		(419)
Proceeds from sale of equipment for operating leases - lessor	5,204		—
Purchase of premises and equipment	(571)		(2,083)
Proceeds from sale of premises and equipment and assets held for sale	—		1,854
Net cash received in merger	—		30,601
Net cash provided by (used in) investing activities	48,147		(71,265)

7

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Consolidated Statements of Cash Flows (continued)

(Dollars in thousands)

	(Unaudited)
	Three Months Ended March 31,
	2024		2023
Financing activities
Net increase in deposits	138,434		56,977
Net increase (decrease) in revolving line of credit	(3,250)		20,263
Net increase (decrease) in short-term borrowings	(139,000)		170,000
Repayment of long-term borrowings	—		(24,728)
Cash dividends paid	(1,870)		(1,680)
Retired stock	(233)		(249)
Exercised stock options	159		4,066
Net cash provided by (used in) financing activities	(5,760)		224,649
Net increase in cash and cash equivalents	33,353		149,379
Cash and cash equivalents at beginning of period	347,140		165,034
Cash and cash equivalents at end of period	$	380,493	$	314,413

Supplemental disclosures
Cash paid during the period for
Interest	$	20,221	$	7,866
Income taxes	50		4,755
Noncash transactions
Unrealized gain (loss) in value of debt securities available for sale, net of income taxes	$	(604)	$	699
Transfer of loans held for sale to loans held for investment	5,392		5,545
Establish receivable for death benefit proceeds from BOLI policies	1,734		—
ROU asset and lease liabilities for operating lease accounting	24		—
Business combinations
Fair value of assets acquired	$	—	$	664,840
Fair value of liabilities assumed	—		609,938
Net assets acquired	$	—	$	54,902

The accompanying notes are an integral part of these consolidated financial statements.

8

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

1.    Summary of Significant Accounting Policies

The consolidated unaudited financial statements presented in this report include the accounts of HomeTrust Bancshares, Inc., a Maryland corporation (“HomeTrust”), and its wholly-owned subsidiary, HomeTrust Bank (the “Bank”). As used throughout this report, the term the “Company” refers to HomeTrust and its consolidated subsidiary, unless the context otherwise requires. HomeTrust is a bank holding company primarily engaged in the business of planning, directing and coordinating the business activities of the Bank. The Bank is a North Carolina state chartered bank and provides a wide range of retail and commercial banking products within its geographic footprint, which includes: North Carolina (the Asheville metropolitan area, the "Piedmont" region, Charlotte and Raleigh/Cary), South Carolina (Greenville and Charleston), East Tennessee (Kingsport/Johnson City, Knoxville and Morristown), Southwest Virginia (the Roanoke Valley) and Georgia (Greater Atlanta). The Bank operates under a single set of corporate policies and procedures and is recognized as a single banking segment for financial reporting purposes.

As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Quantum Capital Statutory Trust II Delaware trust. The sole assets of the trust represent the proceeds of offerings loaned in exchange for subordinated debentures with similar terms to the trust preferred securities.

The accompanying unaudited consolidated financial statements have been prepared in accordance with US GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the SEC. Accordingly, they do not include all the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Transition Report on Form 10-KT for the six-month transition period ended December 31, 2023 ("2023 Form 10-KT") filed with the SEC on March 12, 2024. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of results that may be expected for the year ending December 31, 2024, the period which will be covered on a Report on Form 10-K.

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions and other subjective assessments. In particular, management has identified the determination of the provision and the ACL on loans as an accounting policy that, due to the judgments, estimates and assumptions inherent in the policy, is critical to an understanding of the Company's financial statements. This policy and the related judgments, estimates and assumptions are described in greater detail in the notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies and Estimates) in the 2023 Form 10-KT. Management believes that the judgments, estimates and assumptions used in the preparation of the financial statements are appropriate based on the factual circumstances at the time. However, given the sensitivity of the financial statements to this critical accounting policy, the use of other judgments, estimates and assumptions could result in material differences in the Company's results of operations or financial condition. Further, subsequent changes in economic or market conditions could have a material impact on these estimates and the Company's financial condition and operating results in future periods.

Prior Period Disclosure Correction

Within "Note 6 – Loans and Allowance for Credit Losses on Loans", the tables disclosing our credit risk profile by origination year as of December 31, 2023, beginning on page 17 of this document, reflect the correction of an immaterial error in the prior period disclosure. The correction of the disclosure error redistributed $264,101 in loans from the "Revolving" columns to the "Term Loans By Origination Fiscal Year" columns. The error's only impact was to the identified disclosure and therefore had no effect on net income or stockholders' equity as previously reported.

2.    Recent Accounting Pronouncements

Adoption of New Accounting Standards

ASU 2023-02, "Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method." This ASU permits reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. The Company adopted this ASU on January 1, 2024, making an accounting policy election to apply the proportional amortization method on a tax credit program by tax credit program basis. The adoption did not result in a change in accounting for any of the Company's existing tax equity investments.

Newly Issued but Not Yet Effective Accounting Standards

ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." In November 2023, the FASB issued ASU 2023-07 which will require public entities to disclose information about their reportable segments' significant expenses on an interim and annual basis. Public entities will be required to disclose other segment items for each reportable segment and provide a description of its composition. Significant expense categories are derived from expenses that are regularly reported to an entity's chief operating decision-makers and included in segment-reported measures of profit or loss. The ASU will also require a public entity to disclose the title and position of the chief operating decision-maker and explain how the chief operating decision-maker uses the reported measures of profit or loss to assess segment performance. Lastly, ASU 2023-07 also requires interim disclosures of certain segment-related disclosures that previously were required only on an annual basis and clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements under Topic 280.

ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after

9

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

December 15, 2024. The ASU requires entities to adopt the changes to the segment reporting guidance on a retrospective basis and early adoption is permitted. The Company will update its segment-related disclosures upon adoption of the ASU.

ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." In December 2023, the FASB issued ASU 2023-09 which requires entities to disclose more detailed information in the reconciliation of their statutory tax rate to their effective tax rate. The ASU also requires entities to disclose more detailed information about income taxes paid, including by jurisdiction. This ASU is effective for public business entities for annual reporting periods beginning after December 15, 2024 and interim periods beginning after December 15, 2025. The Company will update its income tax disclosures upon adoption of the ASU.

3.    Merger with Quantum

On February 12, 2023, the Company merged with Quantum which operated two locations in the Atlanta metro area. The aggregate amount of consideration to be paid per the purchase agreement of approximately $70,771, inclusive of consideration of common stock, other cash consideration, and cash in lieu of fractional shares, included $15,869 of cash consideration paid by Quantum to its stockholders in advance of the closing date as is further described below. These distributions reduced Quantum's stockholders' equity by an equal amount prior to the transaction closing date.

The following table provides a summary of the assets acquired, liabilities assumed, associated preliminary fair value adjustments and provisional period adjustments by the Company as of the merger date. As provided for under US GAAP, management had up to 12 months following the date of merger to finalize the fair value adjustments. Management has completed its evaluation and the values in the table below are considered final.

	Quantum		Fair Value Adjustments		Provisional Period Adjustments		As Recorded by HomeTrust
Assets acquired
Cash and cash equivalents	$	47,769	$	—	$	—	$	47,769
Debt securities available for sale	10,608		—		—		10,608
FHLB and FRB stock	1,125		—		—		1,125
Loans(1)	567,140		(5,207)		—		561,933
Premises and equipment	4,415		4,668		—		9,083
Accrued interest receivable	1,706		—		—		1,706
BOLI	9,066		—		—		9,066
Core deposit intangibles	—		12,210		—		12,210
Other assets	2,727		569		(179)		3,117
Total assets acquired	$	644,556	$	12,240	$	(179)	$	656,617
Liabilities assumed
Deposits	$	570,419	$	183	$	—	$	570,602
Junior subordinated debt	11,341		(1,408)		—		9,933
Other borrowings	24,728		—		—		24,728
Deferred income taxes	—		1,341		250		1,591
Other liabilities	3,334		—		—		3,334
Total liabilities assumed	$	609,822	$	116	$	250	$	610,188
Net assets acquired							$	46,429
Consideration paid
Common stock consideration
Shares of Quantum							574,157
Exchange ratio							2.3942
HomeTrust common stock issued							1,374,647
Price per share of HomeTrust common stock on February 10, 2023							$	27.45
HomeTrust common stock consideration							$	37,734
Cash consideration(2)							17,168
Total consideration							$	54,902
Goodwill							$	8,473

(1)Adjustments to Quantum's total loans include the elimination of Quantum's existing allowance for loan losses of $5,972, the recognition of an ACL at close on PCD loans of $369, and adjustments to reflect the estimated credit fair value mark on the non-PCD loan portfolio of $2,932 and the estimated interest rate fair value adjustment on the loan portfolio as a whole (non-PCD and PCD) of $7,878.

(2)As indicated in the Current Report on Form 8-K/A filed with the SEC on March 30, 2023, the amount of cash consideration paid at closing differs from the $57.54 per share, or $33,037, reported in the Current Report on Form 8-K filed on February 13, 2023, which announced the closing of the merger. Consistent with the merger agreement, between the execution of the merger agreement and the transaction closing date, Quantum's principal stockholders had the option to withdraw some or all of the amount of cash consideration to eventually be paid at closing in advance of the closing date. The amount of cash consideration paid at closing was reduced by the amount withdrawn during this time period.

10

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

Goodwill of $8,473 arising from the merger consisted largely of synergies and the cost saves resulting from the combining of operations of the companies, and is not expected to be deductible for income tax purposes.

4.    Debt Securities

Debt securities available for sale consist of the following at the dates indicated:

	March 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
MBS, residential	$	115,128	$	945	$	(2,892)	$	113,181
Municipal bonds	3,478		—		(89)		3,389
Corporate bonds	5,000		—		(763)		4,237
Total	$	123,606	$	945	$	(3,744)	$	120,807

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
MBS, residential	$	105,477	$	1,194	$	(2,172)	$	104,499
Municipal bonds	3,487		—		(78)		3,409
Corporate bonds	20,000		—		(958)		19,042
Total	$	128,964	$	1,194	$	(3,208)	$	126,950

Debt securities available for sale by contractual maturity at March 31, 2024 and December 31, 2023 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.

	March 31, 2024
	Amortized Cost		Estimated Fair Value
Due within one year	$	1,531	$	1,514
Due after one year through five years	1,947		1,875
Due after five years through ten years	5,000		4,237
Due after ten years	—		—
MBS, residential	115,128		113,181
Total	$	123,606	$	120,807

	December 31, 2023
	Amortized Cost		Estimated Fair Value
Due within one year	$	15,000	$	14,848
Due after one year through five years	3,487		3,409
Due after five years through ten years	5,000		4,194
Due after ten years	—		—
MBS, residential	105,477		104,499
Total	$	128,964	$	126,950

The Company had no sales of debt securities available for sale and no gross realized gains or losses were recognized during the three months ended March 31, 2024 and 2023.

Debt securities available for sale with amortized costs totaling $57,692 and $43,846 and market values of $57,794 and $42,329 at March 31, 2024 and December 31, 2023, respectively, were pledged as collateral to secure various public deposits and other borrowings.

11

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2024 and December 31, 2023 were as follows:

	March 31, 2024
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
MBS, residential	$	46,099	$	(799)	$	47,559	$	(2,093)	$	93,658	$	(2,892)
Municipal bonds	—		—		3,389		(89)		3,389		(89)
Corporate bonds	619		(131)		2,868		(632)		3,487		(763)
Total	$	46,718	$	(930)	$	53,816	$	(2,814)	$	100,534	$	(3,744)

	December 31, 2023
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
MBS, residential	$	46,978	$	(393)	$	35,200	$	(1,779)	$	82,178	$	(2,172)
Municipal bonds	—		—		3,409		(78)		3,409		(78)
Corporate bonds	618		(132)		17,674		(826)		18,292		(958)
Total	$	47,596	$	(525)	$	56,283	$	(2,683)	$	103,879	$	(3,208)

The total number of securities with unrealized losses at March 31, 2024 and December 31, 2023 were 186 and 187, respectively.

Management evaluates securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. All debt securities available for sale in an unrealized loss position as of March 31, 2024 continue to perform as scheduled and management does not believe that there is a credit loss or that a provision for credit losses is necessary. Also, as part of management's evaluation of its intent and ability to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, management considers its investment strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. Management does not currently intend to sell the securities within the portfolio and it is not more-likely-than-not that securities will be required to be sold. See "Note 1 – Summary of Significant Accounting Policies" in our 2023 Form 10-KT for further discussion.

Management continues to monitor all of its securities with a high degree of scrutiny. There can be no assurance that management will not conclude in future periods that conditions existing at that time indicate some or all of its securities may be sold or would require a charge to earnings as a provision for credit losses in such periods.

Management excludes the accrued interest receivable balance from the amortized cost basis in measuring ECL on investment securities and does not record an ACL on accrued interest receivable. As of March 31, 2024 and December 31, 2023, accrued interest receivable for debt securities available for sale was $425 and $469, respectively.

5.    Loans Held For Sale

Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated:

	March 31, 2024		December 31, 2023
One-to-four family	$	292	$	—
SBA	19,902		30,650
HELOCs	200,505		167,783
Total loans held for sale, at the lower of cost or fair value	$	220,699	$	198,433

The carrying balance of loans held for sale, at fair value, was $2,764 and $3,359 at March 31, 2024 and December 31, 2023, respectively, while the amortized cost of these loans was $2,702 and $3,286 at the same dates.

12

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

6.    Loans and Allowance for Credit Losses on Loans

Loans consist of the following at the dates indicated(1):

	March 31, 2024		December 31, 2023
Commercial real estate loans
Construction and land development	$	304,727	$	305,269
Commercial real estate – owner occupied	532,547		536,545
Commercial real estate – non-owner occupied	881,143		875,694
Multifamily	89,692		88,623
Total commercial real estate loans	1,808,109		1,806,131
Commercial loans
Commercial and industrial	243,732		237,255
Equipment finance	462,649		465,573
Municipal leases	151,894		150,292
Total commercial loans	858,275		853,120
Residential real estate loans
Construction and land development	85,840		96,646
One-to-four family	605,570		584,405
HELOCs	184,274		185,878
Total residential real estate loans	875,684		866,929
Consumer loans	106,084		113,842
Total loans, net of deferred loan fees and costs	3,648,152		3,640,022
ACL on loans	(47,502)		(48,641)
Loans, net	$	3,600,650	$	3,591,381

(1)    At March 31, 2024 and December 31, 2023 accrued interest receivable of $16,187 and $16,218, respectively, was accounted for separately from the amortized cost basis.

All qualifying one-to-four family loans, HELOCs, commercial real estate loans and FHLB of Atlanta stock are pledged as collateral by a blanket pledge to secure outstanding FHLB advances.

Loans are made to the Company's executive officers, directors and their associates during the ordinary course of business. The aggregate amount of loans to such related parties totaled approximately $205 and $209 at March 31, 2024 and December 31, 2023, respectively. In relation to these loans are unfunded commitments that totaled approximately $3 at both March 31, 2024 and December 31, 2023, respectively.

Loans are monitored for credit quality on a recurring basis and the composition of the loans outstanding by credit quality indicator is provided below. Loan credit quality indicators are developed through review of individual borrowers on an ongoing basis. Generally, loans are monitored for performance on a quarterly basis with the credit quality indicators adjusted as needed. The indicators represent the rating for loans as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows:

Pass – A pass rated loan is not adversely classified because it does not display any of the characteristics for adverse classification.

Special Mention – A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention loans are not adversely classified and do not warrant adverse classification.

Substandard – A substandard loan is inadequately protected by the current net worth and paying capacity of the obligor, or of the collateral pledged, if any. Loans classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful – A loan classified as doubtful has all the weaknesses inherent in a loan classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions and values.

Loss – Loans classified as loss are considered uncollectible and of such little value that their continuing to be carried as a loan is not warranted. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full write-off even though partial recovery may be effected in the future.

13

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate and consumer loans by origination year as of March 31, 2024:

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	23,514	$	73,342	$	86,245	$	70,988	$	37,620	$	7,021	$	5,997	$	304,727
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	23,514	$	73,342	$	86,245	$	70,988	$	37,620	$	7,021	$	5,997	$	304,727
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate – owner occupied
Risk rating
Pass	$	7,811	$	32,923	$	68,532	$	102,532	$	89,585	$	219,936	$	4,420	$	525,739
Special mention	—		—		149		149		445		3,426		—		4,169
Substandard	—		—		95		380		1		1,869		—		2,345
Doubtful	—		—		—		—		—		294		—		294
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – owner occupied	$	7,811	$	32,923	$	68,776	$	103,061	$	90,031	$	225,525	$	4,420	$	532,547
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	208	$	—	$	208
Commercial real estate – non-owner occupied
Risk rating
Pass	$	19,786	$	12,183	$	105,268	$	159,449	$	183,448	$	372,497	$	5,890	$	858,521
Special mention	—		—		—		—		—		9,520		—		9,520
Substandard	—		—		3,078		—		—		10,024		—		13,102
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – non-owner occupied	$	19,786	$	12,183	$	108,346	$	159,449	$	183,448	$	392,041	$	5,890	$	881,143
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Risk rating
Pass	$	—	$	5,512	$	6,627	$	19,780	$	21,174	$	36,089	$	151	$	89,333
Special mention	—		—		—		—		—		88		—		88
Substandard	—		—		—		—		—		271		—		271
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total multifamily	$	—	$	5,512	$	6,627	$	19,780	$	21,174	$	36,448	$	151	$	89,692
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial real estate
Risk rating
Pass	$	51,111	$	123,960	$	266,672	$	352,749	$	331,827	$	635,543	$	16,458	$	1,778,320
Special mention	—		—		149		149		445		13,034		—		13,777
Substandard	—		—		3,173		380		1		12,164		—		15,718
Doubtful	—		—		—		—		—		294		—		294
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	51,111	$	123,960	$	269,994	$	353,278	$	332,273	$	661,035	$	16,458	$	1,808,109
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	208	$	—	$	208

(1)As previously announced, on July 24, 2023, the Board of Directors approved a change in the Company's fiscal year end from June 30 to December 31. "2023-S" represents the six-month transition period ended December 31, 2023.

14

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Commercial and industrial
Risk rating
Pass	$	13,491	$	18,866	$	47,683	$	43,500	$	13,342	$	30,684	$	70,875	$	238,441
Special mention	—		—		—		651		132		106		—		889
Substandard	—		—		913		300		10		1,399		—		2,622
Doubtful	—		—		699		—		1		347		264		1,311
Loss	—		—		—		178		—		291		—		469
Total commercial and industrial	$	13,491	$	18,866	$	49,295	$	44,629	$	13,485	$	32,827	$	71,139	$	243,732
Current period gross charge-offs	$	—	$	—	$	329	$	102	$	40	$	253	$	—	$	724
Equipment finance
Risk rating
Pass	$	39,373	$	79,525	$	160,248	$	101,153	$	48,273	$	23,964	$	—	$	452,536
Special mention	—		103		767		1,693		723		396		—		3,682
Substandard	—		—		—		—		—		125		—		125
Doubtful	—		135		3,058		2,162		672		279		—		6,306
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	39,373	$	79,763	$	164,073	$	105,008	$	49,668	$	24,764	$	—	$	462,649
Current period gross charge-offs	$	—	$	—	$	786	$	619	$	234	$	22	$	—	$	1,661
Municipal leases
Risk rating
Pass	$	6,221	$	17,579	$	33,835	$	26,490	$	14,988	$	52,781	$	—	$	151,894
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	6,221	$	17,579	$	33,835	$	26,490	$	14,988	$	52,781	$	—	$	151,894
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial
Risk rating
Pass	$	59,085	$	115,970	$	241,766	$	171,143	$	76,603	$	107,429	$	70,875	$	842,871
Special mention	—		103		767		2,344		855		502		—		4,571
Substandard	—		—		913		300		10		1,524		—		2,747
Doubtful	—		135		3,757		2,162		673		626		264		7,617
Loss	—		—		—		178		—		291		—		469
Total commercial	$	59,085	$	116,208	$	247,203	$	176,127	$	78,141	$	110,372	$	71,139	$	858,275
Total current period gross charge-offs	$	—	$	—	$	1,115	$	721	$	274	$	275	$	—	$	2,385

15

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	1,131	$	13,289	$	52,100	$	15,098	$	3,293	$	792	$	—	$	85,703
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		137		—		137
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	1,131	$	13,289	$	52,100	$	15,098	$	3,293	$	929	$	—	$	85,840
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
One-to-four family
Risk rating
Pass	$	8,992	$	18,960	$	123,796	$	152,341	$	108,309	$	179,379	$	8,638	$	600,415
Special mention	—		—		—		—		—		360		—		360
Substandard	—		—		382		256		—		4,138		—		4,776
Doubtful	—		—		—		—		—		19		—		19
Loss	—		—		—		—		—		—		—		—
Total one-to-four family	$	8,992	$	18,960	$	124,178	$	152,597	$	108,309	$	183,896	$	8,638	$	605,570
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs
Risk rating
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	181,870	$	181,870
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		2,404		2,404
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs	$	—	$	—	$	—	$	—	$	—	$	—	$	184,274	$	184,274
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	20	$	20
Total residential real estate
Risk rating
Pass	$	10,123	$	32,249	$	175,896	$	167,439	$	111,602	$	180,171	$	190,508	$	867,988
Special mention	—		—		—		—		—		360		—		360
Substandard	—		—		382		256		—		4,275		2,404		7,317
Doubtful	—		—		—		—		—		19		—		19
Loss	—		—		—		—		—		—		—		—
Total residential real estate	$	10,123	$	32,249	$	176,278	$	167,695	$	111,602	$	184,825	$	192,912	$	875,684
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	20	$	20

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Total consumer
Risk rating
Pass	$	4,484	$	24,641	$	46,441	$	12,824	$	8,416	$	7,763	$	263	$	104,832
Special mention	—		—		—		—		—		—		—		—
Substandard	—		92		473		230		166		262		20		1,243
Doubtful	—		—		5		—		4		—		—		9
Loss	—		—		—		—		—		—		—		—
Total consumer	$	4,484	$	24,733	$	46,919	$	13,054	$	8,586	$	8,025	$	283	$	106,084
Total current period gross charge-offs	$	—	$	37	$	166	$	85	$	35	$	2	$	8	$	333

16

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate and consumer loans by origination year as of December 31, 2023(2):

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	61,716	$	105,170	$	88,320	$	37,197	$	201	$	7,581	$	4,805	$	304,990
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		279		—		—		—		—		279
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	61,716	$	105,170	$	88,599	$	37,197	$	201	$	7,581	$	4,805	$	305,269
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate – owner occupied
Risk rating
Pass	$	35,428	$	61,090	$	104,005	$	90,506	$	72,121	$	159,328	$	3,486	$	525,964
Special mention	—		149		148		447		2,033		3,699		—		6,476
Substandard	—		—		379		1		338		2,886		—		3,604
Doubtful	—		—		—		—		289		212		—		501
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – owner occupied	$	35,428	$	61,239	$	104,532	$	90,954	$	74,781	$	166,125	$	3,486	$	536,545
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	290	$	—	$	290
Commercial real estate – non-owner occupied
Risk rating
Pass	$	11,716	$	104,881	$	155,782	$	185,264	$	95,749	$	302,341	$	6,460	$	862,193
Special mention	—		—		—		—		—		294		—		294
Substandard	—		3,078		—		—		6,180		3,949		—		13,207
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – non-owner occupied	$	11,716	$	107,959	$	155,782	$	185,264	$	101,929	$	306,584	$	6,460	$	875,694
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Risk rating
Pass	$	5,515	$	4,184	$	18,597	$	21,411	$	10,921	$	25,400	$	644	$	86,672
Special mention	—		—		1,583		—		—		89		—		1,672
Substandard	—		—		—		—		—		279		—		279
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total multifamily	$	5,515	$	4,184	$	20,180	$	21,411	$	10,921	$	25,768	$	644	$	88,623
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial real estate
Risk rating
Pass	$	114,375	$	275,325	$	366,704	$	334,378	$	178,992	$	494,650	$	15,395	$	1,779,819
Special mention	—		149		1,731		447		2,033		4,082		—		8,442
Substandard	—		3,078		658		1		6,518		7,114		—		17,369
Doubtful	—		—		—		—		289		212		—		501
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	114,375	$	278,552	$	369,093	$	334,826	$	187,832	$	506,058	$	15,395	$	1,806,131
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	290	$	—	$	290

(1)As previously announced, on July 24, 2023, the Board of Directors approved a change in the Company's fiscal year end from June 30 to December 31. "2023-S" represents the six-month transition period ended December 31, 2023.

(2)This table reflects the correction of an immaterial error in the prior period disclosure. See "Note 1 – Summary of Significant Accounting Policies" for further information.

17

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Commercial and industrial
Risk rating
Pass	$	19,180	$	51,742	$	60,487	$	14,146	$	11,071	$	22,352	$	49,663	$	228,641
Special mention	—		329		227		158		54		81		—		849
Substandard	—		671		341		29		1,380		307		3,707		6,435
Doubtful	—		713		—		—		222		—		264		1,199
Loss	—		—		—		—		—		131		—		131
Total commercial and industrial	$	19,180	$	53,455	$	61,055	$	14,333	$	12,727	$	22,871	$	53,634	$	237,255
Current period gross charge-offs	$	—	$	1,337	$	402	$	184	$	574	$	618	$	—	$	3,115
Equipment finance
Risk rating
Pass	$	83,332	$	172,704	$	113,363	$	57,295	$	25,552	$	4,854	$	—	$	457,100
Special mention	—		338		666		383		341		252		—		1,980
Substandard	—		206		—		—		—		134		—		340
Doubtful	—		2,645		2,498		626		384		—		—		6,153
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	83,332	$	175,893	$	116,527	$	58,304	$	26,277	$	5,240	$	—	$	465,573
Current period gross charge-offs	$	—	$	550	$	912	$	539	$	29	$	14	$	—	$	2,044
Municipal leases
Risk rating
Pass	$	17,372	$	34,203	$	28,241	$	15,742	$	7,358	$	47,376	$	—	$	150,292
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	17,372	$	34,203	$	28,241	$	15,742	$	7,358	$	47,376	$	—	$	150,292
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial
Risk rating
Pass	$	119,884	$	258,649	$	202,091	$	87,183	$	43,981	$	74,582	$	49,663	$	836,033
Special mention	—		667		893		541		395		333		—		2,829
Substandard	—		877		341		29		1,380		441		3,707		6,775
Doubtful	—		3,358		2,498		626		606		—		264		7,352
Loss	—		—		—		—		—		131		—		131
Total commercial	$	119,884	$	263,551	$	205,823	$	88,379	$	46,362	$	75,487	$	53,634	$	853,120
Total current period gross charge-offs	$	—	$	1,887	$	1,314	$	723	$	603	$	632	$	—	$	5,159

18

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	7,669	$	64,716	$	18,841	$	4,002	$	44	$	1,237	$	—	$	96,509
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		137		—		137
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	7,669	$	64,716	$	18,841	$	4,002	$	44	$	1,374	$	—	$	96,646
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
One-to-four family
Risk rating
Pass	$	19,532	$	102,902	$	153,029	$	109,870	$	48,971	$	139,061	$	5,395	$	578,760
Special mention	—		—		—		—		—		511		—		511
Substandard	—		383		258		—		202		4,268		—		5,111
Doubtful	—		—		—		—		—		23		—		23
Loss	—		—		—		—		—		—		—		—
Total one-to-four family	$	19,532	$	103,285	$	153,287	$	109,870	$	49,173	$	143,863	$	5,395	$	584,405
Current period gross charge-offs	$	—	$	—	$	13	$	3	$	12	$	4	$	—	$	32
HELOCs
Risk rating
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	183,815	$	183,815
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		2,034		2,034
Doubtful	—		—		—		—		—		—		29		29
Loss	—		—		—		—		—		—		—		—
Total HELOCs	$	—	$	—	$	—	$	—	$	—	$	—	$	185,878	$	185,878
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total residential real estate
Risk rating
Pass	$	27,201	$	167,618	$	171,870	$	113,872	$	49,015	$	140,298	$	189,210	$	859,084
Special mention	—		—		—		—		—		511		—		511
Substandard	—		383		258		—		202		4,405		2,034		7,282
Doubtful	—		—		—		—		—		23		29		52
Loss	—		—		—		—		—		—		—		—
Total residential real estate	$	27,201	$	168,001	$	172,128	$	113,872	$	49,217	$	145,237	$	191,273	$	866,929
Total current period gross charge-offs	$	—	$	—	$	13	$	3	$	12	$	4	$	—	$	32

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Total consumer
Risk rating
Pass	$	26,569	$	51,351	$	14,408	$	9,672	$	6,313	$	4,068	$	309	$	112,690
Special mention	—		—		—		—		—		—		—		—
Substandard	—		329		265		210		172		141		24		1,141
Doubtful	—		7		—		3		—		—		—		10
Loss	—		—		—		—		—		1		—		1
Total consumer	$	26,569	$	51,687	$	14,673	$	9,885	$	6,485	$	4,210	$	333	$	113,842
Total current period gross charge-offs	$	6	$	401	$	118	$	34	$	11	$	9	$	—	$	579

19

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

The following tables present aging analyses of past due loans (including nonaccrual loans) by segment and class for the periods indicated:

	Past Due								Total Loans
	30-89 Days		90 Days+		Total		Current
March 31, 2024
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	304,727	$	304,727
Commercial real estate – owner occupied	164		674		838		531,709		532,547
Commercial real estate – non-owner occupied	—		—		—		881,143		881,143
Multifamily	—		—		—		89,692		89,692
Total commercial real estate	164		674		838		1,807,271		1,808,109
Commercial
Commercial and industrial	1,667		2,701		4,368		239,364		243,732
Equipment finance	1,963		4,301		6,264		456,385		462,649
Municipal leases	—		—		—		151,894		151,894
Total commercial	3,630		7,002		10,632		847,643		858,275
Residential real estate
Construction and land development	—		132		132		85,708		85,840
One-to-four family	880		990		1,870		603,700		605,570
HELOCs	724		1,973		2,697		181,577		184,274
Total residential real estate	1,604		3,095		4,699		870,985		875,684
Consumer	417		387		804		105,280		106,084
Total loans	$	5,815	$	11,158	$	16,973	$	3,631,179	$	3,648,152

	Past Due								Total Loans
	30-89 Days		90 Days+		Total		Current
December 31, 2023
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	305,269	$	305,269
Commercial real estate – owner occupied	657		501		1,158		535,387		536,545
Commercial real estate – non-owner occupied	4,032		—		4,032		871,662		875,694
Multifamily	—		—		—		88,623		88,623
Total commercial real estate	4,689		501		5,190		1,800,941		1,806,131
Commercial
Commercial and industrial	974		2,667		3,641		233,614		237,255
Equipment finance	5,411		4,019		9,430		456,143		465,573
Municipal leases	—		—		—		150,292		150,292
Total commercial	6,385		6,686		13,071		840,049		853,120
Residential real estate
Construction and land development	—		132		132		96,514		96,646
One-to-four family	958		1,068		2,026		582,379		584,405
HELOCs	1,240		1,622		2,862		183,016		185,878
Total residential real estate	2,198		2,822		5,020		861,909		866,929
Consumer	535		301		836		113,006		113,842
Total loans	$	13,807	$	10,310	$	24,117	$	3,615,905	$	3,640,022

The following table presents the recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the three months ended March 31, 2024.

20

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

	March 31, 2024		December 31, 2023		90 Days+ & Still Accruing as of March 31, 2024		Nonaccrual with No ACL as of March 31, 2024		Interest Income Recognized
Commercial real estate
Commercial real estate – owner occupied	$	1,071	$	912	$	—	$	—	$	5
Commercial real estate – non-owner occupied	4,033		4,032		—		956		17
Multifamily	69		74		—		—		1
Total commercial real estate	5,173		5,018		—		956		23
Commercial
Commercial and industrial	3,544		2,774		—		166		19
Equipment finance	6,563		6,463		—		—		26
Total commercial	10,107		9,237		—		166		45
Residential real estate
Construction and land development	132		132		—		—		—
One-to-four family	1,861		2,205		—		—		22
HELOCs	2,323		2,173		—		510		12
Total residential real estate	4,316		4,510		—		510		34
Consumer	602		568		—		—		5
Total loans	$	20,198	$	19,333	$	—	$	1,632	$	107

The following tables present analyses of the ACL on loans by segment for the periods indicated. In addition to the provision (benefit) for credit losses on loans presented below, provisions of $20 and $400 for off-balance sheet credit exposures were recorded during the three months ended March 31, 2024 and 2023, respectively, while no provision for commercial paper was recorded for either period. For the three months ended March 31, 2023, $4,921 and $369 of the provision for credit losses was recognized to establish ACLs on Quantum's loan portfolio and off-balance-sheet credit exposure, respectively.

	Three Months Ended March 31, 2024
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	20,323	$	17,025	$	9,285	$	2,008	$	48,641
Provision (benefit) for credit losses	(162)		1,435		(149)		21		1,145
Charge-offs	(208)		(2,385)		(20)		(331)		(2,944)
Recoveries	—		545		41		74		660
Net (charge-offs) recoveries	(208)		(1,840)		21		(257)		(2,284)
Balance at end of period	$	19,953	$	16,620	$	9,157	$	1,772	$	47,502

	Three Months Ended March 31, 2023
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	15,059	$	12,382	$	9,048	$	2,370	$	38,859
Provision (benefit) for credit losses	6,262		2,413		(100)		(215)		8,360
Initial ACL on PCD loans	292		72		5		—		369
Charge-offs	—		(484)		(3)		(91)		(578)
Recoveries	—		275		172		46		493
Net (charge-offs) recoveries	—		(209)		169		(45)		(85)
Balance at end of period	$	21,613	$	14,658	$	9,122	$	2,110	$	47,503

21

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and the repayment is expected to be provided substantially through the operation or sale of collateral. The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, as well as collateral coverage for those loans for the periods indicated below:

	Type and Extent of Collateral Securing CDAs								Non-CDAs
March 31, 2024	Residential Property		Investment Property		Commercial Property		Business Assets				Total
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—	$	304,727	$	304,727
Commercial real estate – owner occupied	—		—		1,519		—		531,028		532,547
Commercial real estate – non-owner occupied	—		—		4,309		—		876,834		881,143
Multifamily	—		—		—		—		89,692		89,692
Total commercial real estate	—		—		5,828		—		1,802,281		1,808,109
Commercial
Commercial and industrial	—		—		—		1,588		242,144		243,732
Equipment finance	—		—		—		741		461,908		462,649
Municipal leases	—		—		—		—		151,894		151,894
Total commercial	—		—		—		2,329		855,946		858,275
Residential real estate
Construction and land development	—		—		—		—		85,840		85,840
One-to-four family	—		—		—		—		605,570		605,570
HELOCs	510		—		—		—		183,764		184,274
Total residential real estate	510		—		—		—		875,174		875,684
Consumer	—		—		—		—		106,084		106,084
Total	$	510	$	—	$	5,828	$	2,329	$	3,639,485	$	3,648,152
Total collateral value	$	733	$	—	$	5,175	$	796

	Type and Extent of Collateral Securing CDAs								Non-CDAs
December 31, 2023	Residential Property		Investment Property		Commercial Property		Business Assets				Total
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—	$	305,269	$	305,269
Commercial real estate – owner occupied	—		—		1,821		—		534,724		536,545
Commercial real estate – non-owner occupied	—		—		4,310		—		871,384		875,694
Multifamily	—		—		—		—		88,623		88,623
Total commercial real estate	—		—		6,131		—		1,800,000		1,806,131
Commercial
Commercial and industrial	—		—		—		1,322		235,933		237,255
Equipment finance	—		—		—		1,304		464,269		465,573
Municipal leases	—		—		—		—		150,292		150,292
Total commercial	—		—		—		2,626		850,494		853,120
Residential real estate
Construction and land development	—		—		—		—		96,646		96,646
One-to-four family	—		—		—		—		584,405		584,405
HELOCs	510		—		—		—		185,368		185,878
Total residential real estate	510		—		—		—		866,419		866,929
Consumer	—		—		—		—		113,842		113,842
Total	$	510	$	—	$	6,131	$	2,626	$	3,630,755	$	3,640,022
Total collateral value	$	733	$	—	$	5,627	$	686

Modifications to Borrowers Experiencing Financial Difficulty

The Company modifies loans to borrowers experiencing financial difficulty by providing principal forgiveness, a term extension, an other-than-insignificant payment delay or interest rate adjustments. In some cases, the Company provides multiple types of modifications on one loan. Typically, one type of modification, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another modification, such as principal forgiveness, may be granted. For loans included in the combination columns in the table below, multiple types of modifications have been made on the same loan within the current reporting period.

22

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

The following table presents the amortized cost basis of loans at March 31, 2024, that were both experiencing financial difficulty and modified during the three months ended March 31, 2024, by class and type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial difficulty as compared to the amortized cost basis of each class of financing receivable is also presented.

	Three Months Ended March 31, 2024
	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension & Principal Forgiveness		Combination Term Extension & Interest Rate Reduction		% of Total Class of Financing Receivable
Commercial real estate
Commercial real estate – non-owner-occupied	$	—	$	956	$	—	$	—	$	—	$	—	0.18	%
Commercial loans
Commercial and industrial	—		1,378		—		—		—		—		0.57
Total	$	—	$	2,334	$	—	$	—	$	—	$	—	0.06	%

There were also no loans that had a payment default during the three months ended March 31, 2024 that had previously been modified within the last twelve months.

Off-Balance Sheet Credit Exposure

The Company maintains a separate reserve for credit losses on off-balance sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the consolidated balance sheet. The reserve for credit losses on off-balance sheet credit exposures is adjusted as a provision for credit losses in the consolidated statement of income. The estimate includes consideration of the likelihood that funding will occur and an estimate of ECLs on commitments expected to be funded over its estimated life, utilizing the same models and approaches for the Company's other loan portfolio segments described above, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No credit loss estimate is reported for off-balance sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. At March 31, 2024 and December 31, 2023, the ACL on off-balance sheet credit exposures included in other liabilities was $2,607 and $2,587, respectively.

7. Deposit Accounts

Deposit accounts at the dates indicated consist of the following:

	March 31, 2024		December 31, 2023
Noninterest-bearing accounts	$	773,901	$	784,950
NOW accounts	600,561		591,270
Money market accounts	1,308,467		1,246,807
Savings accounts	191,302		194,486
Certificates of deposit	925,576		843,860
Total	$	3,799,807	$	3,661,373

Deposits from executive officers and directors and their associates totaled approximately $1,314 and $1,555 at March 31, 2024 and December 31, 2023, respectively.

As of March 31, 2024, scheduled maturities of certificates of deposit were as follows:

Remainder of 2024	$	727,808
2025	185,736
2026	5,855
2027	4,087
2028	1,562
Thereafter	528
Total	$	925,576

Certificates of deposit with balances of $250 or greater totaled $144,616 and $118,035 at March 31, 2024 and December 31, 2023, respectively. Generally, deposit amounts in excess of $250 are not federally insured.

23

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

8. Borrowings

Junior Subordinated Debentures

On February 21, 2007, Quantum formed a Connecticut statutory trust, Quantum Capital Statutory Trust II (the "Trust"), which issued $11,000 of trust preferred securities that were designed to qualify as Tier I capital under Federal Reserve Board guidelines. All of the common securities of the Trust were owned by Quantum. The proceeds from the issuance of the common securities and the trust preferred securities were used by the Trust to purchase $11,341 of junior subordinated debentures of Quantum. As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Trust.

The trust preferred securities accrue and pay quarterly distributions at a floating rate of 3-month Term SOFR plus 2.20%, which was 7.50% at March 31, 2024. The Company has guaranteed distributions and other payments due on the trust preferred securities to the extent the Trust has insufficient funds with which to make the distributions and other payments. The net combined effect of all documents entered into in connection with the trust preferred securities is that the Company is liable to make the distributions and other payments required on the trust preferred securities.

The trust preferred securities are mandatorily redeemable upon maturity of the debentures on March 15, 2037, or upon earlier redemption as provided in the indenture. The Company has the right to redeem the debentures purchased by the Trust, in whole or in part, on or after March 15, 2012. As specified in the indenture, if the debentures are redeemed prior to maturity, the redemption price will be the principal amount and any accrued but unpaid interest.

Other Borrowings

Borrowings, outside of junior subordinated debt, consist of the following at the dates indicated:

	March 31, 2024				December 31, 2023
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
FHLB advances (short-term)	$	—	—	%	$	105,000	5.44	%
FRB advances (short-term)	276,000		5.50		310,000		5.50
Revolving lines of credit	15,513		9.00		18,763		9.00
Total other borrowings	$	291,513	5.69	%	$	433,763	5.64	%

All qualifying one-to-four family loans, HELOCs, commercial real estate loans, multifamily loans and FHLB of Atlanta stock are pledged as collateral to secure outstanding FHLB advances while commercial construction, indirect auto, and equipment and municipal leases are pledged as collateral to secure outstanding FRB advances. At March 31, 2024 and December 31, 2023, the Company had the ability to borrow $170,017 and $72,766, respectively, through additional FHLB advances and $80,602 and $55,254, respectively, through the unused portion of a line of credit with the FRB.

At March 31, 2024 and December 31, 2023, the Company maintained revolving lines of credit with three unaffiliated banks, the unused portions of which totaled $149,487 and $146,237, respectively. At March 31, 2024 and December 31, 2023, HomeTrust had drawn $15,513 and $18,763, respectively, on a $40,000 revolving line of credit which bears interest at The Wall Street Journal prime rate plus 50 basis points, maturing on January 28, 2025, although the term may be extended for an additional year if no events of default have occurred.

9.    Leases

As Lessee - Operating Leases

The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise our option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term.

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.

	March 31, 2024			December 31, 2023
Supplemental balance sheet information
ROU assets	$	8,967		$	9,259
Lease liabilities	$	10,625		$	10,975
Weighted-average remaining lease terms (years)	8.6			8.8
Weighted-average discount rate	3.43		%	3.41		%

24

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2024:

Remainder of 2024	$	1,392
2025	1,712
2026	1,703
2027	1,727
2028	1,535
Thereafter	4,370
Total undiscounted minimum lease payments	12,439
Less: amount representing interest	(1,814)
Total lease liability	$	10,625

The following table presents components of operating lease expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease cost (included in occupancy expense, net)	$	406	$	394
Variable lease cost (included in occupancy expense, net)	1		3
Sublease income (included in other noninterest income)	(42)		(42)
Total operating lease expense, net	$	365	$	355

As Lessee - Finance Lease

During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1,249, terminating the existing land lease. Prior to the purchase, interest expense on the lease liability totaled $15 for the three months ended March 31, 2023.

Supplemental lease cash flow information for the periods indicated:

	Three Months Ended March 31,
	2024		2023
ROU assets - noncash additions (operating leases)	$	24	$	—
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	378		363
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	—		22

As Lessor - General

The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a fixed purchase option, and most of the leases that do not have a purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease.

As Lessor - Operating Leases

Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one to seven years. Assets related to operating leases are included in other assets and the corresponding depreciation expense is recorded on a straight-line basis as a component of other noninterest expense. The net book value of leased assets totaled $29,713 and $30,121 with a residual value of $13,917 and $14,958 as of March 31, 2024 and December 31, 2023, respectively.

The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease income	$	1,859	$	1,505
Depreciation expense	1,643		1,266

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2024:

Remainder of 2024	$	5,546
2025	6,042
2026	4,120
2027	1,529
2028	1,253
Thereafter	2,373
Total of future minimum payments	$	20,863

25

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

As Lessor - Financing Leases

Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2024 and 2023, interest income on equipment finance leases totaled $1,055 and $860, respectively.

The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $69,442 and $70,150 at March 31, 2024 and December 31, 2023, respectively.

The following schedule summarizes, as of March 31, 2024, aggregate future minimum finance lease payments to be received:

Remainder of 2024	$	19,700
2025	20,943
2026	16,821
2027	12,171
2028	5,847
Thereafter	4,503
Total undiscounted minimum lease payments	79,985
Less: amount representing interest	(10,543)
Total lease receivable	$	69,442

10.    Equity Incentive Plan

The Company historically provided stock-based awards through the 2013 Omnibus Incentive Plan, which provided for awards of restricted stock, restricted stock units, stock options, stock appreciation rights and cash awards to directors, directors emeritus, officers, employees and advisory directors. On November 14, 2022, at the Company's annual meeting, stockholders approved the 2022 Omnibus Incentive Plan which provides for the same types of awards as described under the 2013 Omnibus Incentive Plan. Going forward, any future grants will be made under this plan.

The cost of equity-based awards under the 2022 Omnibus Incentive Plan generally is based on the fair value of the awards on their grant date. The maximum number of shares that may be utilized for awards under the plan is 1,000,000. Shares of common stock issued under the plan will be issued out of authorized but unissued shares, some or all of which may be repurchased shares.

The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the dates indicated below:

	Three Months Ended March 31,
	2024		2023
Share-based compensation expense	$	413	$	434
Tax benefit	97		102

The table below presents stock option activity and related information for the three months ended March 31, 2024 and 2023:

	Options	Weighted-Average Exercise Price		Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Options outstanding at December 31, 2022	849,623	$	22.06	3.9	$	2,958
Exercised	(277,549)	14.65
Forfeited	(1,500)	14.37
Options outstanding at March 31, 2023	570,574	$	25.68	5.3	$	327
Exercisable at March 31, 2023	493,764	$	25.39	4.9	$	287
Non-vested at March 31, 2023	76,810	$	27.55	8.2	$	40
Options outstanding at December 31, 2023	534,350	$	25.85	4.6	$	776
Exercised	(10,000)	15.80
Options outstanding at March 31, 2024	524,350	$	26.04	4.5	$	848
Exercisable at March 31, 2024	475,380	$	25.86	4.2	$	774
Non-vested at March 31, 2024	48,970	$	27.77	7.4	$	74

There were no options granted during the three months ended March 31, 2024 and 2023.

At March 31, 2024, the Company had $340 of unrecognized compensation expense related to 48,970 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.5 years at March 31, 2024. At March 31, 2023, the Company had $529 of unrecognized compensation expense related to 76,810 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.8 years at March 31, 2023.

26

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

The table below presents restricted stock award activity and related information:

	Restricted Stock Awards(1)	Performance-Based Restricted Stock Units(2)	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Non-vested at December 31, 2022	100,992	22,843	$	27.28	$	2,033
Granted	53,339	17,519	27.45
Vested	(41,588)	—	27.47
Non-vested at March 31, 2023	112,743	40,362	$	27.14	$	3,916
Non-vested at December 31, 2023	106,143	25,001	$	27.70	$	3,530
Granted	56,480	15,899	26.58
Vested	(36,637)	—	27.26
Non-vested at March 31, 2024	125,986	40,900	$	27.31	$	4,563

(1)Restricted stock awards are scheduled to vest over 1.0 year for director awards and 5.0 years for employee awards.

(2)Performance-based restricted stock units are scheduled to vest over 3.0 years assuming the applicable financial goals are met.

At March 31, 2024, unrecognized compensation expense was $3,966 related to 166,886 shares of restricted stock and restricted stock units. The weighted average period over which compensation cost related to non-vested awards was expected to be recognized was 2.2 years at March 31, 2024. At March 31, 2023, unrecognized compensation expense was $3,628 related to 149,619 shares of restricted stock and restricted stock units. The weighted average period over which compensation cost related to non-vested awards was expected to be recognized was 2.0 years at March 31, 2023.

11.    Net Income per Share

The following is a reconciliation of the numerator and denominator of basic and diluted net income per common share as of the dates indicated:

	Three Months Ended March 31,
	2024		2023
Numerator
Net income	$	15,067	$	6,734
Allocation of earnings to participating securities	(148)		(64)
Numerator for basic and diluted EPS - net income available to common stockholders	$	14,919	$	6,670
Denominator
Weighted-average common shares outstanding - basic	16,859,738		16,021,994
Dilutive effect of assumed exercise of stock options	13,102		55,122
Weighted-average common shares outstanding - diluted	16,872,840		16,077,116
Net income per share - basic	$	0.88	$	0.40
Net income per share - diluted	$	0.88	$	0.40

Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 111,350 and 112,250 stock options that were anti-dilutive as of March 31, 2024 and 2023, respectively.

12.    Commitments and Contingencies

Loan Commitments – Legally binding commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the consolidated financial statements. 

27

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

The table below presents details of loan commitments outstanding as of the dates indicated:

	March 31, 2024		December 31, 2023
Variable rate commitments	$	43,272	$	42,826
Fixed rate commitments(1)	35,886		27,682
Total loan commitments	$	79,158	$	70,508
Range of fixed interest rates	2.11% - 11.50%		2.11% - 11.25%
Undisbursed portions of construction loans	$	170,143	$	170,425
Pre-approved but unused lines of credit(2)	$	690,540	$	690,566

(1)Fixed rate commitments had terms ranging from three to 30 years as of each date presented.

(2)Principally second mortgage home equity loans and overdraft protection loans.

The commitments presented in the above table represent the Company’s exposure to credit risk and, in the opinion of management, have no more than the normal lending risk that the Company commits to its borrowers.

The Company has two types of commitments related to certain one-to-four family loans held for sale: rate lock commitments and forward loan commitments. Rate lock commitments are commitments to extend credit to a customer that has an interest rate lock and are considered derivative instruments. The rate lock commitments do not qualify for hedge accounting. In order to mitigate the risk from interest rate fluctuations, the Company enters into forward loan sale commitments such as TBAs, mandatory delivery commitments with investors, or best efforts forward sale commitments with investors. The fair value of these interest rate lock commitments was not material at March 31, 2024 or December 31, 2023.

SBIC Commitments – As of March 31, 2024, the Company had committed $28,000 across nine SBIC investments with $10,884 remaining to be drawn, while as of December 31, 2023, the Company had committed $24,000 across eight SBIC investments with $7,984 remaining to be drawn. Although the remaining capital commitments may or may not be called in the future, under the terms of the associated limited partnership agreements, the Company's exposure will not extend beyond the amount of the original commitments.

Guarantees – Standby letters of credit obligate the Company to meet certain financial obligations of its customers, if, under the contractual terms of the agreement, the customers are unable to do so. The financial standby letters of credit issued by the Company are irrevocable and payment is only guaranteed upon the borrower's failure to perform its obligations to the beneficiary. Total commitments under standby letters of credit as of March 31, 2024 and December 31, 2023 were $50,887 and $50,897, respectively. There was no liability recorded for these letters of credit at March 31, 2024 or December 31, 2023.

Litigation – From time to time, the Company is involved in litigation matters in the ordinary course of business. These proceedings and the associated legal claims are often contested, and the outcome of individual matters is not always predictable. These claims and counter claims typically arise during the course of collection efforts on problem loans or with respect to actions to enforce liens on properties in which the Company holds a security interest. The Company is not a party to any pending legal proceedings that management believes would have a material adverse effect on the Company’s financial condition or results of operations.

13.    Fair Value of Financial Instruments

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1:    Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2:    Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3:    Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following is a description of valuation methodologies used for assets recorded at fair value. As of both March 31, 2024 and December 31, 2023, the Company did not have any liabilities recorded at fair value.

The methods of determining the fair value of assets and liabilities presented in this note are consistent with the methodologies disclosed in Note 20 of the 2023 Form 10-KT.

28

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

Financial Assets Recorded at Fair Value

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:

	March 31, 2024
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
MBS, residential	$	113,181	$	—	$	113,181	$	—
Municipal bonds	3,389		—		3,389		—
Corporate bonds	4,237		—		4,237		—
Total debt securities available for sale	$	120,807	$	—	$	120,807	$	—
Loans held for sale	$	2,764	$	—	$	2,764	$	—

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
MBS, residential	$	104,499	$	—	$	104,499	$	—
Municipal bonds	3,409		—		3,409		—
Corporate bonds	19,042		—		19,042		—
Total debt securities available for sale	$	126,950	$	—	$	126,950	$	—
Loans held for sale	$	3,359	$	—	$	3,359	$	—

Debt securities available for sale are valued on a recurring basis at quoted market prices where available. If quoted market prices are not available, fair values are based on quoted prices of comparable securities. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange or U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include MBS and debentures issued by GSEs, municipal bonds and corporate debt securities. The Company has no Level 3 securities.

Loans held for sale carried at fair value are valued at the individual loan level using quoted secondary market prices.

There were no transfers between levels during the three months ended March 31, 2024 or December 31, 2023.

The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:

	March 31, 2024
	Total		Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate loans
Commercial real estate – owner occupied	$	3,492	$	—	$	—	$	3,492
Commercial real estate – non-owner occupied	24		—		—		24
Commercial loans
Commercial and industrial	121		—		—		121
Equipment finance	651		—		—		651
Total	$	4,288	$	—	$	—	$	4,288

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate loans
Commercial real estate – owner occupied	$	438	$	—	$	—	$	438
Commercial loans
Commercial and industrial	108		—		—		108
Equipment finance	578		—		—		578
Total	$	1,124	$	—	$	—	$	1,124

A loan is considered to be collateral dependent when, based on current information and events, the Company expects repayment of the financial assets to be provided substantially through the operation or sale of the collateral and the Company has determined that the borrower is experiencing financial difficulty as of the measurement date. For real estate loans, the fair value of the loan's collateral is determined by a third-party appraisal, which is then adjusted for the estimated selling and closing costs related to liquidation of the collateral (typically ranging from 8% to 12% of the appraised value). For this asset class, the actual valuation methods (income, sales comparable or cost) vary based on the status of the project or property. Additional discounts of 5% to 15% may be applied depending on the age of the appraisals. The unobservable inputs may vary depending on the age of the appraisals. The unobservable inputs may vary depending on the individual asset

29

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

(Dollars in thousands, except per share data)

with no one of the three methods being the predominant approach. For non-real estate loans, the fair value of the loan's collateral may be determined using an appraisal, net book value per the borrower's financial statements or aging reports, adjusted or discounted based on management's historical knowledge, changes in market conditions from the time of the valuation and management's expertise and knowledge of the customer and customer's business.

The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2024 and December 31, 2023, are summarized below:

	March 31, 2024
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	380,493	$	380,493	$	380,493	$	—	$	—
Certificates of deposit in other banks	33,625		33,625		—		33,625		—
Debt securities available for sale, at fair value	120,807		120,807		—		120,807		—
FHLB and FRB stock	13,691		N/A		N/A		N/A		N/A
SBIC investments, at cost	14,568		14,568		—		—		14,568
Loans held for sale, at fair value	2,764		2,764		2,764		—		—
Loans held for sale, at the lower of cost or fair value	220,699		222,753		—		—		222,753
Loans, net	3,600,650		3,464,898		—		—		3,464,898
Accrued interest receivable	16,944		16,944		218		539		16,187
Liabilities
Noninterest-bearing and NOW deposits	1,374,462		1,374,462		—		1,374,462		—
Money market accounts	1,308,467		1,308,467		—		1,308,467		—
Savings accounts	191,302		191,302		—		191,302		—
Certificates of deposit	925,576		921,456		—		921,456		—
Junior subordinated debt	10,045		9,838		—		9,838		—
Borrowings	291,513		291,499		—		291,499		—
Accrued interest payable	8,753		8,753		—		8,753		—

	December 31, 2023
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	347,140	$	347,140	$	347,140	$	—	$	—
Certificates of deposit in other banks	34,722		34,722		—		34,722		—
Debt securities available for sale, at fair value	126,950		126,950		—		126,950		—
FHLB and FRB stock	18,393		N/A		N/A		N/A		N/A
SBIC investments, at cost	13,789		13,789		—		—		13,789
Loans held for sale, at fair value	3,359		3,359		3,359		—		—
Loans held for sale, at the lower of cost or fair value	198,433		200,869		—		—		200,869
Loans, net	3,591,381		3,472,491		—		—		3,472,491
Accrued interest receivable	16,902		16,902		107		656		16,139
Liabilities
Noninterest-bearing and NOW deposits	1,376,220		1,376,220		—		1,376,220		—
Money market accounts	1,246,807		1,246,807		—		1,246,807		—
Savings accounts	194,486		194,486		—		194,486		—
Certificates of deposit	843,860		839,501		—		839,501		—
Junior subordinated debt	10,021		9,767		—		9,767		—
Borrowings	433,763		433,747		—		433,747		—
Accrued interest payable	6,849		6,849		—		6,849		—

The Company had off-balance sheet financial commitments, which included approximately $990,728 and $982,397 of commitments to originate loans, undisbursed portions of construction loans, unused lines of credit and standby letters of credit at March 31, 2024 and December 31, 2023, respectively (see "Note 12 – Commitments and Contingencies"). Since these commitments are based on current rates, the carrying amount approximates the fair value.

30

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

Certain matters in this Form 10-Q constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. Forward-looking statements are not statements of historical fact, but instead are based on certain assumptions and are generally identified by use of the words "believes," "expects," "anticipates," "estimates," "forecasts," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions, and statements about future economic performance and projections of financial items. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements.

The factors that could result in material differentiation include, but are not limited to:

•the impact of bank failures or adverse developments involving other banks and related negative press about the banking industry in general on investor and depositor sentiment;

•the remaining effects of the COVID-19 pandemic on general economic and financial market conditions and on public health, both nationally and in our market areas;

•expected revenues, cost savings, synergies and other benefits from our merger and acquisition activities might not be realized to the extent anticipated, within the anticipated time frames, or at all, costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected, and goodwill impairment charges might be incurred;

•the credit risks of lending activities, including changes in the level and trend of loan delinquencies and write offs and changes in our ACL and provision for credit losses that may be impacted by deterioration in the housing and commercial real estate markets;

•changes in general economic conditions, both nationally and in our market areas;

•changes in the levels of general interest rates, and the relative differences between short and long term interest rates, deposit interest rates, our net interest margin and funding sources and the effects of inflation or a potential recession;

•fluctuations in the demand for loans, the number of unsold homes, land and other properties and fluctuations in real estate values in our market areas;

•decreases in the secondary market for the sale of loans that we originate;

•results of examinations of us by the Federal Reserve, the NCCOB, or other regulatory authorities, including the possibility that any such regulatory authority may, among other things, require us to increase our ACL, write-down assets, change our regulatory capital position or affect our ability to borrow funds or maintain or increase deposits, which could adversely affect our liquidity and earnings;

•legislative or regulatory changes that adversely affect our business including the effects of the Dodd-Frank Act, changes in laws or regulations, changes in regulatory policies and principles or the application or interpretation of laws and regulations by regulatory agencies and tax authorities, including changes in deferred tax asset and liability activity, and the interpretation of regulatory capital or other rules, including as a result of Basel III;

•our ability to attract and retain deposits;

•our ability to access cost-effective funding and maintain sufficient liquidity;

•management's assumptions in determining the adequacy of the ACL;

•our ability to control operating costs and expenses, especially costs associated with our operation as a public company;

•the use of estimates in determining the fair value of certain assets, which estimates may prove to be incorrect and result in significant declines in valuation;

•difficulties in reducing risks associated with the loans on our balance sheet;

•staffing fluctuations in response to product demand or the implementation of corporate strategies that affect our workforce and potential associated charges;

•disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems or on the third-party vendors who perform several of our critical processing functions;

•our ability to retain key members of our senior management team;

•costs and effects of litigation, including settlements and judgments;

•increased competitive pressures among financial services companies;

•changes in consumer spending, borrowing and savings habits;

•the availability of resources to address changes in laws, rules, or regulations or to respond to regulatory actions;

•adverse changes in the securities markets;

•inability of key third-party providers to perform their obligations to us;

•changes in accounting principles, policies or guidelines and practices, as may be adopted by the financial institution regulatory agencies, the Public Company Accounting Oversight Board or the FASB;

•other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products and services; and

•other risks detailed from time to time in documents we file with or furnish to the SEC, including this Form 10-Q.

Any forward-looking statements are based upon management’s beliefs and assumptions at the time they are made. We undertake no obligation to publicly update or revise any forward-looking statements included in this report or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this report might not occur and you should not put undue reliance on any forward-looking statements.

As used throughout this report, the terms “we,” “our,” “us,” “HomeTrust Bancshares” or the “Company” refer to HomeTrust Bancshares, Inc. and its consolidated subsidiaries, including HomeTrust Bank (“HomeTrust” or "Bank") unless the context indicates otherwise.

31

Overview

HomeTrust Bancshares, Inc., a Maryland corporation, was formed for the purpose of becoming the holding company for HomeTrust Bank in connection with the Bank’s conversion from mutual to stock form, which was completed on July 10, 2012. As a bank holding company and financial holding company, we are regulated by the Federal Reserve. At March 31, 2024, the Company had consolidated total assets of $4.7 billion, total deposits of $3.8 billion and stockholders' equity of $513.2 million. The Company has not engaged in any significant activity other than holding the stock of the Bank. Accordingly, the information set forth in this Form 10-Q, including the consolidated unaudited financial statements and related data, relates primarily to the Bank and its subsidiary. As a North Carolina state-chartered bank, and member of the FRB, the Bank's primary regulators are the NCCOB and the Federal Reserve. The Bank's deposits are federally insured up to applicable limits by the FDIC. The Bank is a member of the FHLB of Atlanta, which is one of the 11 regional banks in the FHLB System. Our headquarters is located in Asheville, North Carolina.

The Bank has more than 30 locations across Georgia, North Carolina, South Carolina, Tennessee and Virginia, many of which are located in markets experiencing growth rates above the national average. Historically, our branches and facilities have primarily been located in small- to medium-sized communities, but in recent years we have implemented a strategy of expanding into larger, higher growth markets via business banking centers rather than retail-focused branches.

Our principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in commercial real estate loans, construction and development loans, commercial and industrial loans, equipment finance leases, municipal leases, loans secured by first and second mortgages on one-to-four family residences including home equity and other consumer loans. We also originate one-to-four family loans, SBA loans and HELOCs to sell to third-parties. In addition, we invest in debt securities issued by United States Government agencies and GSEs, municipal bonds, corporate bonds, commercial paper and certificates of deposit insured by the FDIC. We offer a variety of deposit accounts for individuals, businesses and nonprofit organizations.

Our primary source of pre-tax income is net interest income. Net interest income is the difference between interest income, which is the income that we earn on our loans and investments, and interest expense, which is the interest that we pay on our deposits and borrowings. Changes in levels of interest rates affect our net interest income. A secondary source of income is noninterest income, which includes revenue we receive from providing products and services including service charges and fees on deposit accounts, loan income and fees, gains on sale of loans held for sale, BOLI income and operating lease income.

An offset to net interest income is the provision for credit losses to establish the ACL at a level that provides for ECLs inherent in our loan portfolio, off balance sheet commitments and available for sale debt securities. See "Note 1 – Summary of Significant Accounting Policies" in Item 1 of our 2023 Form 10-KT for further discussion.

Our noninterest expenses consist primarily of salaries and employee benefits, occupancy expenses, marketing and computer services and FDIC deposit insurance premiums. Salaries and benefits consist primarily of the salaries and wages paid to our employees, payroll taxes, expenses for retirement and other employee benefits. Occupancy expenses, which are the fixed and variable costs of buildings and equipment, consist primarily of lease payments, property taxes, depreciation charges, maintenance and costs of utilities.

Critical Accounting Policies and Estimates

Certain of our accounting policies are important to the portrayal of our financial condition, since they require management to make difficult, complex or subjective judgments, some of which may relate to matters that are inherently uncertain. Estimates associated with these policies are susceptible to material changes as a result of changes in facts and circumstances which could include, but are not limited to, changes in interest rates, changes in the performance of the economy and changes in the financial condition of borrowers. The following represents our critical accounting policy:

Allowance for Credit Losses, or ACL, on Loans. The ACL on loans held for investment reflects our estimate of credit losses that will result from the inability of our borrowers to make required loan payments. We charge off loans against the ACL and subsequent recoveries, if any, increase the ACL when they are recognized. We use a systematic methodology to determine our ACL for loans held for investment and certain off-balance-sheet credit exposures. The ACL on loans held for investment is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. The estimate of our ACL on loans held for investment involves a high degree of judgment including consideration of the effects of past events, current conditions and reasonable and supportable forecasts on the collectability of the loan portfolio. We recognize in net income the amount needed to adjust the ACL on loans held for investment and certain off-balance-sheet credit exposures for management’s current estimate of ECLs. Our ACL on loans held for investment is calculated using collectively evaluated and individually evaluated loans.

Financial Highlights

For the quarter ended March 31, 2024 compared to the quarter ended December 31, 2023:

•net income was $15.1 million compared to $13.5 million;

•diluted EPS was $0.88 compared to $0.79;

•annualized ROA was 1.37% compared to 1.21%;

•annualized ROE was 11.91% compared to 10.81%;

•net interest margin was 4.02% for both periods;

•provision for credit losses was $1.2 million compared to $3.4 million;

•tax-free death benefit proceeds from life insurance of $1.1 million compared to $1.6 million;

•quarterly cash dividends continued at $0.11 per share totaling $1.9 million for both periods.

32

	Three Months Ended
(Dollars in thousands)	March 31, 2024		December 31, 2023
Interest and dividend income	$	63,355	$	62,819
Interest expense	22,125		20,896
Net interest income	41,230		41,923
Provision for credit losses	1,165		3,360
Net interest income after provision for credit losses	40,065		38,563
Noninterest income	8,811		8,248
Noninterest expense	29,864		29,781
Income before income taxes	19,012		17,030
Income tax expense	3,945		3,566
Net income	$	15,067	$	13,464
Net income per common share(1)
Basic	$	0.88	$	0.79
Diluted	0.88		0.79
Cash dividends declared per common share	0.11		0.11
Book value per share at end of period	29.42		28.75
Tangible book value per share at end of period(2)	27.10		26.39
Market price per share at end of period	27.34		26.92

(1)Basic and diluted net income per common share have been prepared in accordance with the two-class method.

(2)See Non-GAAP reconciliations below for adjustments.

GAAP Reconciliation of Non-GAAP Financial Measures

We believe the non-GAAP financial measures included within this report provide useful information to management and investors that is supplementary to our financial condition, results of operations and cash flows computed in accordance with US GAAP; however, we acknowledge that our non-GAAP financial measures have a number of limitations. The following reconciliation tables provide detailed analyses of these non-GAAP financial measures.

Set forth below is a reconciliation to US GAAP of tangible book value and tangible book value per share:

	As of
(Dollars in thousands, except per share data)	March 31, 2024		December 31, 2023
Total stockholders' equity	$	513,173	$	499,893
Less: goodwill, core deposit intangibles, net of taxes	40,500		41,086
Tangible book value	$	472,673	$	458,807
Common shares outstanding	17,444,787		17,387,069
Book value per share	$	29.42	$	28.75
Tangible book value per share	$	27.10	$	26.39

Set forth below is a reconciliation to US GAAP of tangible equity to tangible assets:

	As of
(Dollars in thousands)	March 31, 2024		December 31, 2023
Tangible equity(1)	$	472,673	$	458,807
Total assets	4,684,011		4,672,633
Less: goodwill, core deposit intangibles, net of taxes	40,500		41,086
Total tangible assets	$	4,643,511	$	4,631,547

Tangible equity to tangible assets 10.18  % 9.91  %

(1)Tangible equity (or tangible book value) is equal to total stockholders' equity less goodwill and core deposit intangibles, net of related deferred tax liabilities.

33

Comparison of Results of Operations for the Three Months Ended March 31, 2024 and December 31, 2023

Net Income.  Net income totaled $15.1 million, or $0.88 per diluted share, for the three months ended March 31, 2024 compared to net income of $13.5 million, or $0.79 per diluted share, for the three months ended December 31, 2023, an increase of $1.6 million, or 11.9%. Results for the three months ended March 31, 2024 were positively impacted by a decrease of $2.2 million in the provision for credit losses and a $563,000 increase in noninterest income, partially offset by a decrease of $693,000 in net interest income. Details of the changes in the various components of net income are further discussed below.

Net Interest Income.  The following table presents the distribution of average assets, liabilities and equity, as well as interest income earned on average interest-earning assets and interest expense paid on average interest-bearing liabilities. All average balances are daily average balances. Nonaccruing loans have been included in the table as loans carrying a zero yield.

	Three Months Ended
	March 31, 2024							December 31, 2023
(Dollars in thousands)	Average Balance Outstanding			Interest Earned / Paid		Yield / Rate		Average Balance Outstanding			Interest Earned / Paid		Yield / Rate
Assets
Interest-earning assets
Loans receivable(1)	$	3,864,258		$	59,952	6.24	%	$	3,876,051		$	60,069	6.15	%
Debt securities available for sale	126,686			1,313		4.17		136,945			1,257		3.64
Other interest-earning assets(2)	131,495			2,090		6.39		121,366			1,493		4.88
Total interest-earning assets	4,122,439			63,355		6.18		4,134,362			62,819		6.03
Other assets	298,117							271,767
Total assets	$	4,420,556						$	4,406,129
Liabilities and equity
Interest-bearing liabilities
Interest-bearing checking accounts	$	590,738		$	1,426	0.97	%	$	594,805		$	1,209	0.81	%
Money market accounts	1,281,340			9,664		3.03		1,251,170			8,930		2.83
Savings accounts	191,747			43		0.09		198,522			45		0.09
Certificate accounts	887,618			9,185		4.16		818,698			8,105		3.93
Total interest-bearing deposits	2,951,443			20,318		2.77		2,863,195			18,289		2.53
Junior subordinated debt	10,029			236		9.46		10,005			239		9.48
Borrowings	103,155			1,571		6.13		156,619			2,368		6.00
Total interest-bearing liabilities	3,064,627			22,125		2.90		3,029,819			20,896		2.74
Noninterest-bearing deposits	810,114							837,048
Other liabilities	36,945							45,156
Total liabilities	3,911,686							3,912,023
Stockholders' equity	508,870							494,106
Total liabilities and stockholders' equity	$	4,420,556						$	4,406,129
Net earning assets	$	1,057,812						$	1,104,543
Average interest-earning assets to average interest-bearing liabilities	134.52		%					136.46		%
Non-tax-equivalent
Net interest income				$	41,230						$	41,923
Interest rate spread						3.28	%						3.29	%
Net interest margin(3)						4.02	%						4.02	%
Tax-equivalent(4)
Net interest income				$	41,579						$	42,264
Interest rate spread						3.32	%						3.32	%
Net interest margin(3)						4.06	%						4.06	%

(1)Average loans receivable balances include loans held for sale and nonaccruing loans.

(2)Average other interest-earning assets consist of FRB stock, FHLB stock, SBIC investments and deposits in other banks.

(3)Net interest income divided by average interest-earning assets.

(4)Tax-equivalent results include adjustments to interest income of $349 and $341 for the three months ended March 31, 2024 and December 31, 2023, respectively, calculated based on a combined federal and state tax rate of 24%.

Total interest and dividend income for the three months ended March 31, 2024 increased $536,000, or 0.9%, compared to the three months ended December 31, 2023, which was driven by a $597,000, or 40.0%, increase in income on other investments and interest-bearing deposits due to the allocation of liquid funds in higher-yielding deposit accounts. Accretion income on acquired loans of $715,000 and $405,000 was recognized during the same periods, respectively, and was included in interest income on loans.

34

Total interest expense for the three months ended March 31, 2024 increased $1.2 million, or 5.9%, compared to the three months ended December 31, 2023. The increase was the result of both increases in the average cost of funds and average balances across interest-bearing deposit types, partially offset by a decline in average borrowings outstanding.

The following table shows the effects that changes in average balances (volume), including differences in the number of days in the periods compared, and average interest rates (rate) had on the interest earned on interest-earning assets and interest paid on interest-bearing liabilities:

	Increase / (Decrease) Due to				Total Increase / (Decrease)
(Dollars in thousands)	Volume		Rate
Interest-earning assets
Loans receivable	$	(1,008)	$	891	$	(117)
Debt securities available for sale	(112)		168		56
Other interest-earning assets	96		501		597
Total interest-earning assets	(1,024)		1,560		536
Interest-bearing liabilities
Interest-bearing checking accounts	(28)		245		217
Money market accounts	82		652		734
Savings accounts	(2)		—		(2)
Certificate accounts	556		524		1,080
Junior subordinated debt	(3)		—		(3)
Borrowings	(830)		33		(797)
Total interest-bearing liabilities	(225)		1,454		1,229
Decrease in net interest income					$	(693)

Provision for Credit Losses.  The provision for credit losses is the amount of expense that, based on our judgment, is required to maintain the ACL at an appropriate level under the current expected credit losses model.

The following table presents a breakdown of the components of the provision for credit losses:

	Three Months Ended
(Dollars in thousands)	March 31, 2024		December 31, 2023		$ Change		% Change
Provision for credit losses
Loans	$	1,145	$	4,050	$	(2,905)	(72)	%
Off-balance-sheet credit exposure	20		(690)		710		103
Total provision for credit losses	$	1,165	$	3,360	$	(2,195)	(65)	%

For the quarter ended March 31, 2024, the "loans" portion of the provision for credit losses was the result of the following, offset by net charge-offs of $2.3 million during the quarter:

•$0.1 million benefit driven by changes in the loan mix.

•$0.9 million benefit due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments.

•$0.2 million decrease in specific reserves on individually evaluated credits.

For the quarter ended December 31, 2023, the "loans" portion of the provision for credit losses was primarily the result of the following, offset by net charge-offs of $2.8 million during the quarter:

•$0.5 million benefit driven by changes in the loan mix.

•$0.9 million provision due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments.

•$0.8 million increase in specific reserves on individually evaluated credits.

For the quarters ended March 31, 2024 and December 31, 2023, the amounts recorded for off-balance-sheet credit exposure were the result of changes in the balance of loan commitments, loan mix and projected economic forecast as outlined above.

35

Noninterest Income.  Noninterest income for the three months ended March 31, 2024 increased $563,000, or 6.9%, when compared to the quarter ended December 31, 2023. Changes in the components of noninterest income are discussed below:

	Three Months Ended
(Dollars in thousands)	March 31, 2024		December 31, 2023		$ Change		% Change
Noninterest income
Service charges and fees on deposit accounts	$	2,149	$	2,368	$	(219)	(9)	%
Loan income and fees	678		423		255		60
Gain on sale of loans held for sale	1,457		1,037		420		41
BOLI income	1,835		2,152		(317)		(15)
Operating lease income	1,859		1,592		267		17
Loss on sale of premises and equipment	(9)		(248)		239		96
Other	842		924		(82)		(9)
Total noninterest income	$	8,811	$	8,248	$	563	7	%

•Loan income and fees: The increase was the result of loan servicing fee income returning to normal levels in the current quarter. The prior quarter included $150,000 of expense associated with the early payoff and/or charge-off of loans being serviced.

•Gain on sale of loans held for sale: The increase was primarily driven by SBA loans sold during the period. There were $12.9 million in sales of the guaranteed portion of SBA commercial loans with gains of $1.1 million for the quarter compared to $5.6 million sold and gains of $439,000 for the prior quarter. There were $15.3 million of residential mortgage loans originated for sale which were sold during the current quarter with gains of $316,000 compared to $20.5 million sold with gains of $417,000 in the prior quarter. Our hedging of mandatory commitments on the residential mortgage loan pipeline resulted in a gain of $55,000 for the quarter ended March 31, 2024 versus a loss of $142,000 for the quarter ended December 31, 2023. There were $7.8 million of HELOCs sold for a gain of $16,000 compared to $37.5 million sold with gains of $322,000 in the prior quarter. The decrease in the gain on sale of HELOCs was due to only one sale in the current quarter versus three sales in the prior quarter as well as a combined $78,000 in expense recorded in the current quarter to refund premiums previously received under sold loan recourse provisions and to establish a liability for potential future requests. No such expense was recorded in the prior quarter.

•BOLI income: The decrease was due to only $1.1 million in tax-free gains on death benefit proceeds in excess of the cash surrender value of the policies in the current quarter compared to $1.6 million in the prior quarter, partially offset by an increase in policy earnings as a result of the partial restructuring of the Company's BOLI policies, which was executed at the end of the prior quarter.

•Operating lease income: The increase was the result of an increase in the average outstanding balance as well as gains/losses incurred on previously leased equipment, where we recognized net losses of $145,000 and $192,000 in the quarters ended March 31, 2024 and December 31, 2023, respectively.

•Loss on sale of premises and equipment: During the quarter ended December 31, 2023, the Company recognized $625,000 of expense due to the impairment of the remaining right of use asset associated with a previously closed branch, partially offset by a $380,000 gain on the sale of a parcel of land.

Noninterest Expense.  Noninterest expense for the three months ended March 31, 2024 increased $83,000, or 0.3%, when compared to the three months ended December 31, 2023. Changes in the components of noninterest expense are discussed below:

	Three Months Ended
(Dollars in thousands)	March 31, 2024		December 31, 2023		$ Change		% Change
Noninterest expense
Salaries and employee benefits	$	16,976	$	16,256	$	720	4	%
Occupancy expense, net	2,437		2,443		(6)		—
Computer services	3,088		3,002		86		3
Telephone, postage and supplies	585		603		(18)		(3)
Marketing and advertising	645		625		20		3
Deposit insurance premiums	554		702		(148)		(21)
Core deposit intangible amortization	762		860		(98)		(11)
Other	4,817		5,290		(473)		(9)
Total noninterest expense	$	29,864	$	29,781	$	83	—	%

•Salaries and employee benefits: The quarter-over-quarter increase was primarily the result of $389,000 in additional FICA taxes.

•Deposit insurance premiums: The decrease was due to a drop in the assessment rate the Company is charged for deposit insurance.

•Other: The decrease was primarily the result of a $173,000 decrease in fraud losses and $115,000 of severance expense included in the prior quarter related to staff reductions.

Income Taxes.  The amount of income tax expense is influenced by the amount of pre-tax income, tax-exempt income, changes in the statutory rate and the effect of changes in valuation allowances maintained against deferred tax benefits. The effective tax rates for the three months ended March 31, 2024 and December 31, 2023 were 20.8% and 20.9%, respectively. In both periods, the effective tax rate was positively impacted by tax-free gains on BOLI death benefit proceeds of $1.1 million and $1.6 million, respectively.

36

Comparison of Financial Condition at March 31, 2024 and December 31, 2023

General.  Total assets increased by $11.4 million to $4.7 billion and total liabilities decreased by $1.9 million to $4.2 billion, respectively, at March 31, 2024 as compared to December 31, 2023. The majority of these changes were the result of an increase in deposits, which, combined with amounts received from maturing investments, were used to fund growth in loans held for sale, pay down borrowings, and provide additional liquidity.

Cash and Cash Equivalents.  Total cash and cash equivalents increased $33.4 million, or 9.6%, to $380.5 million at March 31, 2024 from $347.1 million at December 31, 2023.

Debt Securities Available for Sale.  Debt securities available for sale decreased $6.1 million, or 4.8%, to $120.8 million at March 31, 2024 from $127.0 million at December 31, 2023. Outside of changes in value, the changes between periods were the result of $17.7 million in proceeds from the maturity, call and paydown of securities, partially offset by $12.0 million in purchases.

Loans Held for Sale. Loans held for sale increased $21.7 million, or 10.7%, to $223.5 million at March 31, 2024 from $201.8 million at December 31, 2023. This was driven by an increase of $32.7 million, or 19.5%, in HELOCs held for sale, partially offset by a $10.7 million, or 35.1%, decrease in SBA loans held for sale.

Loans, Net of Deferred Loan Fees and Costs.  Total loans increased $8.1 million, or 0.2%, to $3.6 billion at March 31, 2024. The following table illustrates the changes within the portfolio:

	As of				Change				Percent of Total
	March 31, 2024		December 31, 2023						March 31, 2024		December 31, 2023
(Dollars in thousands)					$		%
Commercial real estate loans
Construction and land development	$	304,727	$	305,269	$	(542)	—	%	8	%	8	%
Commercial real estate – owner occupied	532,547		536,545		(3,998)		(1)		15		15
Commercial real estate – non-owner occupied	881,143		875,694		5,449		1		24		24
Multifamily	89,692		88,623		1,069		1		2		2
Total commercial real estate loans	1,808,109		1,806,131		1,978		—		49		49
Commercial loans
Commercial and industrial	243,732		237,255		6,477		3		7		7
Equipment finance	462,649		465,573		(2,924)		(1)		13		13
Municipal leases	151,894		150,292		1,602		1		4		4
Total commercial loans	858,275		853,120		5,155		1		24		24
Residential real estate loans
Construction and land development	85,840		96,646		(10,806)		(11)		2		3
One-to-four family	605,570		584,405		21,165		4		17		16
HELOCs	184,274		185,878		(1,604)		(1)		5		5
Total residential real estate loans	875,684		866,929		8,755		1		24		24
Consumer loans	106,084		113,842		(7,758)		(7)		3		3
Total loans, net of deferred loan fees and costs	$	3,648,152	$	3,640,022	$	8,130	—	%	100	%	100	%

Asset Quality. Nonperforming assets, made up entirely of nonaccrual loans for both periods, increased by $865,000, or 4.5%, to $20.2 million, or 0.43% of total assets, at March 31, 2024 compared to $19.3 million, or 0.41% of total assets, at December 31, 2023. Consistent with last quarter, equipment finance loans, specifically smaller over-the-road truck loans, made up the largest portion of nonperforming assets at $6.6 million and $6.5 million, respectively, at these same dates. During the quarter, the Company elected to cease further originations within the transportation sector of equipment finance loans. The ratio of nonperforming loans to total loans was 0.55% at March 31, 2024 compared to 0.53% at December 31, 2023.

The ratio of classified assets to total assets decreased to 0.80% at March 31, 2024 from 0.90% at December 31, 2023 as classified assets decreased $4.6 million, or 11.0%, to $37.4 million at March 31, 2024 compared to $42.0 million at December 31, 2023. The decrease was primarily due to the upgrade of a $3.7 million commercial and industrial relationship and a $1.3 million owner-occupied commercial real estate relationship during the period.

Our individually evaluated loans are comprised of loans meeting certain dollar thresholds and those on nonaccrual status, and may be evaluated for reserve purposes using either the cash flow or collateral valuation method. As of March 31, 2024, there was $8.3 million in loans individually evaluated compared to $8.8 million at December 31, 2023.

Allowance for Credit Losses on Loans.  The ACL on loans was $47.5 million, or 1.30% of total loans, at March 31, 2024 compared to $48.6 million, or 1.34% of total loans, as of December 31, 2023. The drivers of this change are discussed in the "Comparison of Results of Operations for the Three Months Ended March 31, 2024 and December 31, 2023 – Provision for Credit Losses" section above.

Net loan charge-offs totaled $2.3 million for the three months ended March 31, 2024 compared to $2.8 million for the three months ended December 31, 2023. Annualized net charge-offs as a percentage of average assets were 0.24% for the three months ended March 31, 2024 compared to 0.29% for the three months ended December 31, 2023. The net charge-offs recognized the past two quarters have been concentrated in our equipment finance and SBA portfolios, with net charge-offs in these portfolios totaling $2.8 million and $0.9 million, respectively.

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Other Assets.  Other assets decreased by $40.2 million, or 37.4%, to $67.2 million at March 31, 2024 from $107.4 million at December 31, 2023. During the quarter ended December 31, 2023, we had established a $47.9 million receivable for proceeds from the redemption of BOLI policies. The decrease between periods was due to the collection of $41.3 million of this receivable.

Deposits.  The following table summarizes the composition of our deposit portfolio as of the dates indicated:

(Dollars in thousands)	March 31, 2024		December 31, 2023		$ Change		% Change
Core deposits
Noninterest-bearing accounts	$	773,901	$	784,950	$	(11,049)	(1)	%
NOW accounts	600,561		591,270		9,291		2
Money market accounts	1,308,467		1,246,807		61,660		5
Savings accounts	191,302		194,486		(3,184)		(2)
Total core deposits	2,874,231		2,817,513		56,718		2
Certificates of deposit	925,576		843,860		81,716		10
Total	$	3,799,807	$	3,661,373	$	138,434	4	%

Liquidity Management

Management maintains a liquidity position that it believes will adequately provide for funding of loan demand and deposit run-off that may occur in the normal course of business. We rely on a number of different sources in order to meet our potential liquidity demands. The primary sources are increases in deposit accounts, wholesale borrowings and cash flows from loan payments and the securities portfolio.

In addition to these primary sources of funds, management has several secondary sources available to meet potential funding requirements. All qualifying one-to-four family loans, HELOCs, commercial real estate loans, multifamily loans and FHLB of Atlanta stock are pledged as collateral to secure outstanding FHLB advances while commercial construction, indirect auto, and equipment and municipal leases are pledged as collateral to secure outstanding FRB advances. At March 31, 2024, the Company had the ability to borrow $170.0 million through FHLB advances and $80.6 million through the unused portion of a line of credit with the FRB. At this same date, the Company maintained revolving lines of credit with three unaffiliated banks, the unused portion of which totaled $149.5 million. HomeTrust had drawn $15.5 million on a $40.0 million revolving line of credit which bears interest at The Wall Street Journal prime rate plus 50 basis points, maturing on January 28, 2025, although the term may be extended for an additional year if no events of default have occurred.

Additionally, we classify our securities portfolio as available for sale, providing an additional source of liquidity. Management believes that our securities portfolio is of high quality, of short duration, and the securities would therefore be readily marketable. In addition, we have historically sold fixed-rate mortgage loans in the secondary market to reduce interest rate risk and to create still another source of liquidity. From time to time we also utilize brokered time deposits to supplement our other sources of funds. Brokered time deposits are obtained by utilizing an outside broker that is paid a fee. This funding requires advance notification to structure the type of deposit desired by us. Brokered deposits can vary in term from one month to several years and have the benefit of being a source of longer-term funding. We also utilize brokered deposits to help manage interest rate risk by extending the term to repricing of our liabilities, enhance our liquidity and fund asset growth. Brokered deposits are typically from outside our primary market areas, and our brokered deposit levels may vary from time to time depending on competitive interest rate conditions and other factors. At March 31, 2024, brokered deposits totaled $392.2 million, or 10.3% of total deposits.

Liquidity management is both a daily and long-term function of business management. Excess liquidity is generally invested in short-term investments, such as overnight deposits and federal funds. On a longer term basis, we maintain a strategy of investing in various lending products and debt securities, including MBS. On a stand-alone level we are a separate legal entity from the Bank and must provide for our own liquidity and pay our own operating expenses. Our primary source of funds consists of dividends or capital distributions from the Bank, although there are regulatory restrictions on the ability of the Bank to pay dividends. At March 31, 2024, we (on an unconsolidated basis) had liquid assets of $189,000.

At the Bank level, we use our sources of funds primarily to meet our ongoing commitments, pay maturing deposits and fund withdrawals and to fund loan commitments. At March 31, 2024, the total approved loan commitments and unused lines of credit outstanding amounted to $249.3 million and $690.5 million, respectively, as compared to $240.9 million and $690.6 million as of December 31, 2023. Certificates of deposit scheduled to mature in one year or less at March 31, 2024 totaled $886.7 million. It is management's policy to manage deposit rates that are competitive with other local financial institutions. Based on this strategy, we believe that a majority of maturing deposits will be retained.

Off-Balance Sheet Activities

In the normal course of operations, we engage in a variety of financial transactions that are not recorded in our financial statements, mainly to manage customers' requests for funding. These transactions primarily take the form of loan commitments and lines of credit and involve varying degrees of off-balance sheet credit, interest rate and liquidity risks. For further information, see "Note 12 – Commitments and Contingencies" in this Quarterly Report on Form 10-Q.

Capital Resources

HomeTrust Bancshares, Inc. is a bank holding company subject to regulation by the Federal Reserve. As a bank holding company, we are subject to capital adequacy requirements of the Federal Reserve under the Bank Holding Company Act of 1956, as amended and the regulations of the Federal Reserve. The Company's subsidiary, the Bank, an FDIC-insured, North Carolina state-chartered bank and a member of the Federal Reserve System, is supervised and regulated by the Federal Reserve and the NCCOB and is subject to minimum capital requirements applicable to state member banks established by the Federal Reserve that are calculated in a manner similar to those applicable to bank holding companies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly discretionary actions by bank regulators that, if undertaken, could have a direct material effect on the Company's financial statements.

38

Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

At March 31, 2024, HomeTrust Bancshares, Inc. and the Bank each exceeded all regulatory capital requirements. Consistent with the Company's goals to operate a sound and profitable organization, its policy is for the Bank to maintain a “well-capitalized” status under the regulatory capital categories of the Federal Reserve. The Bank was categorized as "well-capitalized" at March 31, 2024 under applicable regulatory requirements.

HomeTrust Bancshares, Inc.'s and the Bank's actual and required minimum capital amounts and ratios are as follows:

					Regulatory Requirements
	Actual				Minimum for Capital Adequacy Purposes				Minimum to Be Well Capitalized
(Dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
HomeTrust Bancshares, Inc.
March 31, 2024
CET1 Capital (to risk-weighted assets)	$	476,029	11.68	%	$	183,419	4.50	%	$	264,939	6.50	%
Tier I Capital (to total adjusted assets)	486,074		11.09		175,321		4.00		219,151		5.00
Tier I Capital (to risk-weighted assets)	486,074		11.93		244,559		6.00		326,079		8.00
Total Risk-based Capital (to risk-weighted assets)	532,770		13.07		326,079		8.00		407,599		10.00
December 31, 2023
CET1 Capital (to risk-weighted assets)	$	463,946	11.33	%	$	184,256	4.50	%	$	266,148	6.50	%
Tier I Capital (to total adjusted assets)	473,966		10.84		174,910		4.00		218,638		5.00
Tier I Capital (to risk-weighted assets)	473,966		11.58		245,675		6.00		327,567		8.00
Total Risk-based Capital (to risk-weighted assets)	517,942		12.65		327,567		8.00		409,458		10.00
HomeTrust Bank
March 31, 2024
CET1 Capital (to risk-weighted assets)	$	494,309	12.13	%	$	183,417	4.50	%	$	264,935	6.50	%
Tier I Capital (to total adjusted assets)	494,309		11.28		175,284		4.00		219,105		5.00
Tier I Capital (to risk-weighted assets)	494,309		12.13		244,556		6.00		326,074		8.00
Total Risk-based Capital (to risk-weighted assets)	541,005		13.27		326,074		8.00		407,593		10.00
December 31, 2023
CET1 Capital (to risk-weighted assets)	$	484,238	11.83	%	$	184,249	4.50	%	$	266,137	6.50	%
Tier I Capital (to total adjusted assets)	484,238		11.08		174,849		4.00		218,562		5.00
Tier I Capital (to risk-weighted assets)	484,238		11.83		245,665		6.00		327,553		8.00
Total Risk-based Capital (to risk-weighted assets)	528,214		12.90		327,553		8.00		409,442		10.00

As permitted by the interim final rule issued on March 27, 2020 by the federal banking regulatory agencies, the Company elected the option to delay the estimated impact on regulatory capital of ASU 2016-13, which was adopted on July 1, 2020. The initial adoption of ASU 2016-13 as well as 25% of the quarterly increases in the ACL subsequent to adoption (collectively the “transition adjustments”) was delayed for two years. Starting July 1, 2022, the cumulative amount of the transition adjustments became fixed and will be phased out of the regulatory capital calculations evenly over a three-year period, with 75% recognized in year three, 50% recognized in year four, and 25% recognized in year five. After five years, the temporary regulatory capital benefits will be fully reversed.

In addition to the minimum CET1, Tier 1 and total risk-based capital ratios, both HomeTrust Bancshares, Inc. and the Bank have to maintain a capital conservation buffer consisting of additional CET1 capital of more than 2.50% above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. As of March 31, 2024, the Company's and Bank's risk-based capital exceeded the required capital contribution buffer.

Dividends paid by HomeTrust Bank are limited, without regulatory approval, to current year earnings and earnings less dividends paid during the preceding two years.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There has not been any material change in the market risk disclosures contained in our 2023 Form 10-KT.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures: An evaluation of our disclosure controls and procedures (as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934 (the "Act")) as of March 31, 2024, was carried out under the supervision and with the participation of the Company's Chief Executive Officer, Chief Financial Officer and several other members of the Company's senior management. The Company's Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures in effect as of March 31, 2024, were effective in ensuring that the information required to be disclosed by the Company in the reports it files or submits under the Act is: (i) accumulated and communicated to the Company's management (including the Chief Executive Officer and Chief

39

Financial Officer) in a timely manner and (ii) recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms.

The Company does not expect that its disclosure controls and procedures and internal control over financial reporting will prevent all errors and all fraud. A control procedure, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control procedure are met. Because of the inherent limitations in all control procedures, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls may be circumvented by the individual acts of some persons, by collusion of two or more people, or by override of the control. The design of any control procedure also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control procedure, misstatements due to error or fraud may occur and not be detected.

Changes in Internal Controls: There have been no changes in the Company’s internal control over financial reporting during the quarter ended March 31, 2024 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

The "Litigation" section of "Note 12 – Commitments and Contingencies" to the Consolidated Financial Statements included in Part I, Item 1 is incorporated herein by reference.

Item 1A. Risk Factors

There have been no material changes in the Risk Factors previously disclosed in Item 1A of the 2023 Form 10-KT.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

(a)    Not applicable

(b) Not applicable

(c) Not applicable

Period	Total # of Shares Purchased	Average Price Paid per Share		Total # of Shares Purchased as Part of Publicly Announced Plans	Maximum # of Shares that May Yet Be Purchased Under Publicly Announced Plans
January 1 - January 31, 2024	—	$	—	—	266,639
February 1 - February 29, 2024	—	—		—	266,639
March 1 - March 31, 2024	—	—		—	266,639
Total	—	$	—	—	266,639

No stock was repurchased during the three months ended March 31, 2024.

Item 3. Defaults Upon Senior Securities

Nothing to report.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Trading Plans: During the quarter ended March 31, 2024, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

Item 6. Exhibits

Regulation S-K Exhibit #	Document	Reference to Prior Filing or Exhibit # Attached Hereto
3.1	Charter of HomeTrust Bancshares, Inc.	(d)
3.2	Amended and Restated Bylaws of HomeTrust Bancshares, Inc.	(s)
10.1	HomeTrust Bancshares, Inc. Senior Leadership Incentive Plan (formerly known as Operating Committee Incentive Program)	(f)
10.2	Amended and Restated Employment and Transition Agreement between HomeTrust Bancshares, Inc. and Dana L. Stonestreet	(a)
10.3	Amended and Restated Employment Agreement between HomeTrust Bancshares, Inc. and C. Hunter Westbrook	(g)
10.3A	Amendment No. 1 to Amended and Restated Employment Agreement between HomeTrust Bancshares, Inc. and C. Hunter Westbrook	(b)

40

Regulation S-K Exhibit #	Document	Reference to Prior Filing or Exhibit # Attached Hereto
10.3B	Amendment No. 2 to Amended and Restated Employment Agreement between HomeTrust Bancshares, Inc. and C. Hunter Westbrook	(h)
10.3C	Amendment No. 3 to Amended and Restated Employment Agreement between HomeTrust Bancshares, Inc. and C. Hunter Westbrook	(o)
10.3D	Amendment No. 4 to Amended and Restated Employment Agreement between HomeTrust Bancshares, Inc. and C. Hunter Westbrook	(e)
10.4	Amended and Restated Employment Agreement between HomeTrust Bancshares, Inc. and Tony J. VunCannon	(g)
10.4A	Amendment No. 1 to Amended and Restated Employment Agreement between HomeTrust Bancshares, Inc. and Tony VunCannon	(a)
10.5	HomeTrust Bank Executive Supplemental Retirement Income Master Agreement (“SERP”)	(d)
10.6	Amendment No. 1 to SERP	(m)
10.7	Amendment No. 2 to SERP	(l)
10.7A	SERP Joinder Agreement for F. Edward Broadwell, Jr.	(d)
10.7B	SERP Joinder Agreement for Dana L. Stonestreet	(d)
10.7C	SERP Joinder Agreement for Tony J. VunCannon	(d)
10.7D	SERP Joinder Agreement for Howard L. Sellinger	(d)
10.7E	SERP Joinder Agreement for Stan Allen	(d)
10.7F	SERP Joinder Agreement for Sidney A. Biesecker	(d)
10.7G	SERP Joinder Agreement for Peggy C. Melville	(d)
10.7H	SERP Joinder Agreement for William T. Flynt	(d)
10.7I	Amended and Restated Supplemental Income Agreement between HomeTrust Bank, as successor to Industrial Federal Savings Bank, and Sidney Biesecker	(i)
10.8	HomeTrust Bank Director Emeritus Plan (“Director Emeritus Plan”)	(d)
10.8A	Director Emeritus Plan Joinder Agreement for William T. Flynt	(d)
10.8B	Director Emeritus Plan Joinder Agreement for J. Steven Goforth	(d)
10.8C	Director Emeritus Plan Joinder Agreement for Craig C. Koontz	(d)
10.8D	Director Emeritus Plan Joinder Agreement for Larry S. McDevitt	(d)
10.8E	Director Emeritus Plan Joinder Agreement for F.K. McFarland, III	(d)
10.8F	Director Emeritus Plan Joinder Agreement for Peggy C. Melville	(d)
10.8G	Director Emeritus Plan Joinder Agreement for Robert E. Shepherd, Sr.	(d)
10.9	HomeTrust Bank Defined Contribution Executive Medical Care Plan	(d)
10.9A	Amendment No. 1 to HomeTrust Bank Defined Contribution Executive Medical Care Plan	(m)
10.9B	Form of Joinder Agreement Under the HomeTrust Bank Defined Contribution Executive Medical Care Plan	(m)
10.9C	Amendment No. 2 to HomeTrust Bank Defined Contribution Executive Medical Care Plan	(r)
10.9D	Amendment No. 3 to HomeTrust Bank Defined Contribution Executive Medical Care Plan	(t)
10.10	HomeTrust Bank 2005 Deferred Compensation Plan	(d)
10.10A	Amendment No. 1 to HomeTrust Bank 2005 Deferred Compensation Plan	(m)
10.11	HomeTrust Bank Pre-2005 Deferred Compensation Plan	(d)
10.11A	Amendment No. 1 to HomeTrust Bank Pre-2005 Deferred Compensation Plan	(m)
10.12	HomeTrust Bancshares, Inc. 2013 Omnibus Incentive Plan (“2013 Omnibus Incentive Plan”)	(j)
10.12A	Form of Incentive Stock Option Award Agreement under 2013 Omnibus Incentive Plan	(k)
10.12B	Form of Non-Qualified Stock Option Award Agreement under 2013 Omnibus Incentive Plan	(k)
10.12C	Form of Stock Appreciation Right Award Agreement under 2013 Omnibus Incentive Plan	(k)
10.12D	Form of Restricted Stock Award Agreement under 2013 Omnibus Incentive Plan	(k)
10.12E	Form of Restricted Stock Unit Award Agreement under 2013 Omnibus Incentive Plan	(k)
10.13	HomeTrust Bancshares, Inc. 2022 Omnibus Incentive Plan (“2022 Omnibus Incentive Plan”)	(q)
10.13A	Form of Non-Qualified Stock Option Award Agreement under the Registrant’s 2022 Omnibus Incentive Plan	(u)
10.13B	Form of Restricted Stock Award Agreement for Employees under the Registrant’s 2022 Omnibus Incentive Plan	(u)
10.13C	Form of Restricted Stock Award Agreement for Directors under the Registrant’s 2022 Omnibus Incentive Plan	(u)
10.14	Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and Marty Caywood	(c)

41

Regulation S-K Exhibit #	Document	Reference to Prior Filing or Exhibit # Attached Hereto
10.14A	Amendment No. 1 to Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and Marty Caywood	(a)
10.15	Amended and Restated Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and Keith J. Houghton	(g)
10.15A	Amendment No. 1 to Amended and Restated Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and Keith J. Houghton	(a)
10.16	Amended and Restated Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and John Sprink	(s)
10.17	Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and Kristin Powell	(r)
10.17A	Amendment No. 1 to Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and Kristin Powell	(a)
10.18	Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and Megan Pelletier	(a)
10.19	Change in Control Severance Agreement between HomeTrust Bancshares, Inc. and Lora Jex	(p)
31.1	Certification of Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a) as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	31.1
31.2	Certification of Chief Financial Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a) as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	31.2
32.0	Certificate of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	32.0
97	Policy Relating to Recovery of Erroneously Awarded Compensation	97
101	The following materials from HomeTrust Bancshares’ Transition Report on Form 10-KT for the six-month transition period ended December 31, 2023, formatted in Extensible Business Reporting Language (XBRL): (a) Consolidated Balance Sheets; (b) Consolidated Statements of Income; (c) Consolidated Statements of Comprehensive Income; (d) Consolidated Statements of Changes in Stockholders' Equity; (e) Consolidated Statements of Cash Flows; and (f) Notes to Consolidated Financial Statements.	101

(a)Filed as an exhibit to HomeTrust Bancshares's Annual Report on Form 10-K for the fiscal year ended June 30, 2022 (File No. 001-35593).

(b)Filed as an exhibit to HomeTrust Bancshares’s Current Report on Form 8-K filed on September 25, 2018 (File No. 001-35593).

(c)Filed as an exhibit to HomeTrust Bancshares's Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 (File No. 001-35593).

(d)Filed as an exhibit to HomeTrust Bancshares’s Registration Statement on Form S-1 (File No. 333-178817) filed on December 29, 2011.

(e)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on May 24, 2022 (File No. 001-35593).

(f)Filed as an exhibit to HomeTrust Bancshares's Transition Report on Form 10-KT for the-six month transition period ended December 31, 2023 (File No. 001-35593).

(g)Filed as an exhibit to HomeTrust Bancshares’s Current Report on Form 8-K filed on September 11, 2018 (File No. 001-35593).

(h)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on October 28, 2020 (File No. 001-35593).

(i)Filed as an exhibit to Amendment No. 1 to HomeTrust Bancshares’s Registration Statement on Form S-1 (File No. 333-178817) filed on March 9, 2012.

(j)Attached as Appendix A to HomeTrust Bancshares’s definitive proxy statement filed on December 5, 2012 (File No. 001-35593).

(k)Filed as an exhibit to HomeTrust Bancshares’s Registration Statement on Form S-8 (File No. 333-186666) filed on February 13, 2013.

(l)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on February 15, 2022 (File No. 001-35593).

(m)Filed as an exhibit to HomeTrust Bancshares's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (File No. 001-35593).

(n)Filed as an exhibit to HomeTrust Bancshares's Annual Report on Form 10-K for the fiscal year ended June 30, 2014 (File No. 001-35593).

(o)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on July 28, 2021 (File No. 001-35593).

(p)Filed as an exhibit to HomeTrust Bancshares's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (File No. 001-35593).

(q)Attached as Appendix A to HomeTrust Bancshares’s definitive proxy statement filed on October 3, 2022 (File No. 001-35593).

(r)Filed as an exhibit to HomeTrust Bancshares's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (File No. 001-35593).

(s)Filed as an exhibit to HomeTrust Bancshares's Annual Report on Form 10-K for the fiscal year ended June 30, 2023 (File No. 001-35593).

(t)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on August 28, 2023 (File No. 001-35593).

(u)Filed as an exhibit to HomeTrust Bancshares's Registration Statement on Form S-8 (File No. 333-186666) filed on February 6, 2023.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	HOMETRUST BANCSHARES, INC.
Date: May 8, 2024	By:	/s/ C. Hunter Westbrook
		C. Hunter Westbrook
		President and Chief Executive Officer
		(Duly Authorized Officer)
Date: May 8, 2024	By:	/s/ Tony J. VunCannon
		Tony J. VunCannon
		Executive Vice President, CFO, Corporate Secretary and Treasurer
		(Principal Financial and Accounting Officer)

43

EX-31.1

Exhibit 31.1

RULE 13a-14(a) CERTIFICATION

I, C. Hunter Westbrook, certify that:

1.I have reviewed this quarterly report on Form 10-Q of HomeTrust Bancshares, Inc. (the "Company");

2.Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this report;

4.The Company's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and have:

(a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including its consolidated subsidiary, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)designed such internal controls over financial reporting, or caused such internal controls over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)evaluated the effectiveness of the Company's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluations; and

(d)disclosed in this report any change in the Company's internal control over financial reporting that occurred during the Company's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting; and

5.The Company's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company's auditors and the audit committee of the Company's board of directors (or persons performing the equivalent functions):

(a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company's ability to record, process, summarize and report financial information; and

(b)any fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal control over financial reporting.

May 8, 2024	By:	/s/ C. Hunter Westbrook
		C. Hunter Westbrook
		President and Chief Executive Officer

EX-31.2

Exhibit 31.2

RULE 13a-14(a) CERTIFICATION

I, Tony J. VunCannon, certify that:

1.I have reviewed this quarterly report on Form 10-Q of HomeTrust Bancshares, Inc. (the "Company");

2.Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this report;

4.The Company's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and have:

(a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including its consolidated subsidiary, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)designed such internal controls over financial reporting, or caused such internal controls over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)evaluated the effectiveness of the Company's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluations; and

(d)disclosed in this report any change in the Company's internal control over financial reporting that occurred during the Company's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting; and

5.The Company's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company's auditors and the audit committee of the Company's board of directors (or persons performing the equivalent functions):

(a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company's ability to record, process, summarize and report financial information; and

(b)any fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal control over financial reporting.

May 8, 2024	By:	/s/ Tony J. VunCannon
		Tony J. VunCannon
		Executive Vice President, CFO, and Treasurer

EX-32

Exhibit 32

SECTION 1350 CERTIFICATION

Each of the undersigned hereby certifies in his capacity as an officer of HomeTrust Bancshares, Inc. (the "Company") that the Quarterly Report of the Company on Form 10-Q for the period ended March 31, 2024, fully complies with the requirements of Section 13(a) of the Securities and Exchange Act of 1934, as amended, and that the information contained in such report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and periods presented in the financial statements included in such report.

May 8, 2024	By:	/s/ C. Hunter Westbrook
		C. Hunter Westbrook
		President and Chief Executive Officer
May 8, 2024	By:	/s/ Tony J. VunCannon
		Tony J. VunCannon
		Executive Vice President, CFO, and Treasurer

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Cover - shares	3 Months Ended
	Mar. 31, 2024	May 03, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-35593
Entity Registrant Name	HOMETRUST BANCSHARES, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	45-5055422
Entity Address, Address Line One	10 Woodfin Street
Entity Address, City or Town	Asheville
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28801
City Area Code	828
Local Phone Number	259-3939
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	HTBI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,444,787
Entity Central Index Key	0001538263
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

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Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash	$ 16,134	$ 18,307
Interest-bearing deposits	364,359	328,833
Cash and cash equivalents	380,493	347,140
Certificates of deposit in other banks	33,625	34,722
Debt securities available for sale, at fair value (amortized cost of $123,606 and $128,964 at March 31, 2024 and December 31, 2023, respectively)	120,807	126,950
FHLB and FRB stock	13,691	18,393
SBIC investments, at cost	14,568	13,789
Loans held for sale, at fair value	2,764	3,359
Loans held for sale, at the lower of cost or fair value	220,699	198,433
Loans, net of deferred loan fees and costs	3,648,152	3,640,022
ACL on loans	(47,502)	(48,641)
Loans, net	3,600,650	3,591,381
Premises and equipment, net	70,588	70,937
Accrued interest receivable	16,944	16,902
Deferred income taxes, net	11,222	11,796
BOLI	88,369	88,257
Goodwill	34,111	34,111
Core deposit intangibles, net	8,297	9,059
Other assets	67,183	107,404
Total assets	4,684,011	4,672,633
Liabilities
Deposits	3,799,807	3,661,373
Junior subordinated debt	10,045	10,021
Borrowings	291,513	433,763
Other liabilities	69,473	67,583
Total liabilities	4,170,838	4,172,740
Stockholders' equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding	0	0
Common stock, $0.01 par value, 60,000,000 shares authorized, 17,444,787 shares issued and outstanding at March 31, 2024; 17,387,069 at December 31, 2023	175	174
Additional paid in capital	172,919	172,366
Retained earnings	346,598	333,401
Unearned ESOP shares	(4,364)	(4,497)
Accumulated other comprehensive loss	(2,155)	(1,551)
Total stockholders' equity	513,173	499,893
Total liabilities and stockholders' equity	$ 4,684,011	$ 4,672,633

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Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Debt securities available for sale, at fair value, amortized cost	$ 123,606	$ 128,964
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized shares	10,000,000	10,000,000
Preferred stock issued shares	0	0
Preferred stock shares outstanding	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized	60,000,000	60,000,000
Common stock shares issued	17,444,787	17,387,069
Common stock shares outstanding	17,444,787	17,387,069

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Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income
Loans	$ 59,952	$ 47,908
Debt securities available for sale	1,313	1,183
Other investments and interest-bearing deposits	2,090	1,575
Total interest and dividend income	63,355	50,666
Interest expense
Deposits	20,318	7,864
Junior subordinated debt	236	109
Borrowings	1,571	1,239
Total interest expense	22,125	9,212
Net interest income	41,230	41,454
Provision for credit losses	1,165	8,760
Net interest income after provision for credit losses	40,065	32,694
Noninterest income
Service charges and fees on deposit accounts	2,149	2,256
Loan income and fees	678	562
Gain on sale of loans held for sale	1,457	1,811
BOLI income	1,835	522
Operating lease income	1,859	1,505
Gain (loss) on sale of premises and equipment	(9)	900
Other	842	754
Total noninterest income	8,811	8,310
Noninterest expense
Salaries and employee benefits	16,976	16,246
Occupancy expense, net	2,437	2,467
Computer services	3,088	2,911
Telephone, postage and supplies	585	613
Marketing and advertising	645	372
Deposit insurance premiums	554	612
Core deposit intangible amortization	762	606
Merger-related expenses	0	4,741
Other	4,817	4,265
Total noninterest expense	29,864	32,833
Income before income taxes	19,012	8,171
Income tax expense	3,945	1,437
Net income	$ 15,067	$ 6,734
Net income per common share
Basic (in dollars per share)	$ 0.88	$ 0.40
Diluted (in dollars per share)	$ 0.88	$ 0.40
Average shares outstanding
Basic (in shares)	16,859,738	16,021,994
Diluted (in shares)	16,872,840	16,077,116

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Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 15,067	$ 6,734
Other comprehensive income (loss)
Gains (losses) arising during the period	(785)	908
Deferred income tax benefit (expense)	181	(209)
Total other comprehensive income (loss)	(604)	699
Comprehensive income	$ 14,463	$ 7,433

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Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Retained Earnings	Unearned ESOP Shares	Accumulated Other Comprehensive Loss
Balance at beginning of period (in shares) at Dec. 31, 2022		15,673,595
Balance at beginning of period at Dec. 31, 2022	$ 410,155	$ 157	$ 128,486	$ 290,271	$ (5,026)	$ (3,733)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,734			6,734
Cash dividends declared on common stock	(1,680)			(1,680)
Retired stock (in shares)		(9,066)
Retired stock	(249)		(249)
Granted restricted stock (in shares)		53,339
Stock issued for Quantum acquisition (in shares)		1,374,646
Stock issued for Quantum acquisition	$ 37,734	$ 14	37,720
Exercised stock options (in shares)	277,549	277,549
Exercised stock options	$ 4,066	$ 3	4,063
Share-based compensation expense	434		434
ESOP compensation expense	349		216		133
Other comprehensive income (loss)	699					699
Balance at end of period (in shares) at Mar. 31, 2023		17,370,063
Balance at end of period at Mar. 31, 2023	$ 458,242	$ 174	170,670	295,325	(4,893)	(3,034)
Balance at beginning of period (in shares) at Dec. 31, 2023	17,387,069	17,387,069
Balance at beginning of period at Dec. 31, 2023	$ 499,893	$ 174	172,366	333,401	(4,497)	(1,551)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,067			15,067
Cash dividends declared on common stock	(1,870)			(1,870)
Retired stock (in shares)		(8,762)
Retired stock	$ (233)		(233)
Granted restricted stock (in shares)		56,480
Exercised stock options (in shares)	10,000	10,000
Exercised stock options	$ 159	$ 1	158
Share-based compensation expense	413		413
ESOP compensation expense	348		215		133
Other comprehensive income (loss)	$ (604)					(604)
Balance at end of period (in shares) at Mar. 31, 2024	17,444,787	17,444,787
Balance at end of period at Mar. 31, 2024	$ 513,173	$ 175	$ 172,919	$ 346,598	$ (4,364)	$ (2,155)

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Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Common stock, dividends, declared (in dollars per share)	$ 110	$ 100

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities
Net income	$ 15,067	$ 6,734
Adjustments to reconcile net income to net cash used in operating activities:
Provision for credit losses	1,165	8,760
Depreciation and amortization of premises and equipment and equipment for operating leases	2,578	2,309
Deferred income tax expense (benefit)	755	(1,124)
Net accretion of purchase accounting adjustments on loans	(715)	(352)
Net amortization and accretion	1,841	1,746
SBIC investments income	(254)	(525)
Loss (gain) on sale of premises and equipment	9	(900)
Loss on sale or writedown of REO	0	78
Loss (gain) incurred at the end of operating leases - lessor	145	(17)
BOLI income	(1,835)	(522)
Gain on sale of loans held for sale	(1,457)	(1,811)
Origination of loans held for sale	(63,087)	(80,293)
Proceeds from sales of loans held for sale	37,790	62,253
New deferred loan origination costs, net	(374)	(184)
(Increase) decrease in accrued interest receivable and other assets	(3,281)	727
Share-based compensation expense	413	434
ESOP compensation expense	348	349
Increase (decrease) in other liabilities	1,858	(1,667)
Net cash used in operating activities	(9,034)	(4,005)
Investing activities
Purchase of debt securities available for sale	(12,034)	(7,938)
Proceeds from maturities, calls and paydowns of debt securities available for sale	17,666	12,832
Purchases of CDs in other banks	(1,988)	(6,221)
Proceeds from maturities of CDs in other banks	3,085	2,490
Net (purchases) redemptions of FHLB and FRB stock	4,702	(4,339)
Net capital contributions in SBIC investments, at cost	(525)	(681)
Net increase in loans	(5,299)	(97,332)
Purchase of BOLI	(11)	(29)
Collection of receivable representing proceeds from redemption of BOLI policies	41,319	0
Purchase of equipment for operating leases	(3,401)	(419)
Proceeds from sale of equipment for operating leases - lessor	5,204	0
Purchase of premises and equipment	(571)	(2,083)
Proceeds from sale of premises and equipment and assets held for sale	0	1,854
Net cash received in merger	0	30,601
Net cash provided by (used in) investing activities	48,147	(71,265)
Financing activities
Net increase in deposits	138,434	56,977
Net increase (decrease) in revolving line of credit	(3,250)	20,263
Net decrease in short-term borrowings	(139,000)	170,000
Repayment of long-term borrowings	0	(24,728)
Cash dividends paid	(1,870)	(1,680)
Retired stock	(233)	(249)
Exercised stock options	159	4,066
Net cash provided by financing activities	(5,760)	224,649
Net increase (decrease) in cash and cash equivalents	33,353	149,379
Cash and cash equivalents at beginning of period	347,140	165,034
Cash and cash equivalents at end of period	380,493	314,413
Cash paid during the period for
Interest	20,221	7,866
Income taxes	50	4,755
Noncash transactions
Unrealized gain (loss) in value of debt securities available for sale, net of income taxes	(604)	699
Transfer of loans held for sale to loans held for investment	5,392	5,545
Establish receivable for death benefit proceeds from BOLI policies	1,734	0
ROU asset and lease liabilities for operating lease accounting	24	0
Fair value of assets acquired	0	664,840
Fair value of liabilities assumed	0	609,938
Net assets acquired	$ 0	$ 54,902

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Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

The consolidated unaudited financial statements presented in this report include the accounts of HomeTrust Bancshares, Inc., a Maryland corporation (“HomeTrust”), and its wholly-owned subsidiary, HomeTrust Bank (the “Bank”). As used throughout this report, the term the “Company” refers to HomeTrust and its consolidated subsidiary, unless the context otherwise requires. HomeTrust is a bank holding company primarily engaged in the business of planning, directing and coordinating the business activities of the Bank. The Bank is a North Carolina state chartered bank and provides a wide range of retail and commercial banking products within its geographic footprint, which includes: North Carolina (the Asheville metropolitan area, the "Piedmont" region, Charlotte and Raleigh/Cary), South Carolina (Greenville and Charleston), East Tennessee (Kingsport/Johnson City, Knoxville and Morristown), Southwest Virginia (the Roanoke Valley) and Georgia (Greater Atlanta). The Bank operates under a single set of corporate policies and procedures and is recognized as a single banking segment for financial reporting purposes.

As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Quantum Capital Statutory Trust II Delaware trust. The sole assets of the trust represent the proceeds of offerings loaned in exchange for subordinated debentures with similar terms to the trust preferred securities.

The accompanying unaudited consolidated financial statements have been prepared in accordance with US GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the SEC. Accordingly, they do not include all the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Transition Report on Form 10-KT for the six-month transition period ended December 31, 2023 ("2023 Form 10-KT") filed with the SEC on March 12, 2024. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of results that may be expected for the year ending December 31, 2024, the period which will be covered on a Report on Form 10-K.

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions and other subjective assessments. In particular, management has identified the determination of the provision and the ACL on loans as an accounting policy that, due to the judgments, estimates and assumptions inherent in the policy, is critical to an understanding of the Company's financial statements. This policy and the related judgments, estimates and assumptions are described in greater detail in the notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies and Estimates) in the 2023 Form 10-KT. Management believes that the judgments, estimates and assumptions used in the preparation of the financial statements are appropriate based on the factual circumstances at the time. However, given the sensitivity of the financial statements to this critical accounting policy, the use of other judgments, estimates and assumptions could result in material differences in the Company's results of operations or financial condition. Further, subsequent changes in economic or market conditions could have a material impact on these estimates and the Company's financial condition and operating results in future periods.

Prior Period Disclosure Correction

Within "Note 6 – Loans and Allowance for Credit Losses on Loans", the tables disclosing our credit risk profile by origination year as of December 31, 2023, beginning on page 17 of this document, reflect the correction of an immaterial error in the prior period disclosure. The correction of the disclosure error redistributed $264,101 in loans from the "Revolving" columns to the "Term Loans By Origination Fiscal Year" columns. The error's only impact was to the identified disclosure and therefore had no effect on net income or stockholders' equity as previously reported.

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Recent Accounting Pronouncements

3 Months Ended

Mar. 31, 2024

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Adoption of New Accounting Standards

ASU 2023-02, "Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method." This ASU permits reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. The Company adopted this ASU on January 1, 2024, making an accounting policy election to apply the proportional amortization method on a tax credit program by tax credit program basis. The adoption did not result in a change in accounting for any of the Company's existing tax equity investments.

Newly Issued but Not Yet Effective Accounting Standards

ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." In November 2023, the FASB issued ASU 2023-07 which will require public entities to disclose information about their reportable segments' significant expenses on an interim and annual basis. Public entities will be required to disclose other segment items for each reportable segment and provide a description of its composition. Significant expense categories are derived from expenses that are regularly reported to an entity's chief operating decision-makers and included in segment-reported measures of profit or loss. The ASU will also require a public entity to disclose the title and position of the chief operating decision-maker and explain how the chief operating decision-maker uses the reported measures of profit or loss to assess segment performance. Lastly, ASU 2023-07 also requires interim disclosures of certain segment-related disclosures that previously were required only on an annual basis and clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements under Topic 280.

ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after

December 15, 2024. The ASU requires entities to adopt the changes to the segment reporting guidance on a retrospective basis and early adoption is permitted. The Company will update its segment-related disclosures upon adoption of the ASU.

ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." In December 2023, the FASB issued ASU 2023-09 which requires entities to disclose more detailed information in the reconciliation of their statutory tax rate to their effective tax rate. The ASU also requires entities to disclose more detailed information about income taxes paid, including by jurisdiction. This ASU is effective for public business entities for annual reporting periods beginning after December 15, 2024 and interim periods beginning after December 15, 2025. The Company will update its income tax disclosures upon adoption of the ASU.

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Merger with Quantum

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Merger with Quantum

Merger with Quantum

On February 12, 2023, the Company merged with Quantum which operated two locations in the Atlanta metro area. The aggregate amount of consideration to be paid per the purchase agreement of approximately $70,771, inclusive of consideration of common stock, other cash consideration, and cash in lieu of fractional shares, included $15,869 of cash consideration paid by Quantum to its stockholders in advance of the closing date as is further described below. These distributions reduced Quantum's stockholders' equity by an equal amount prior to the transaction closing date.

The following table provides a summary of the assets acquired, liabilities assumed, associated preliminary fair value adjustments and provisional period adjustments by the Company as of the merger date. As provided for under US GAAP, management had up to 12 months following the date of merger to finalize the fair value adjustments. Management has completed its evaluation and the values in the table below are considered final.

	Quantum		Fair Value Adjustments		Provisional Period Adjustments		As Recorded by HomeTrust
Assets acquired
Cash and cash equivalents	$	47,769	$	—	$	—	$	47,769
Debt securities available for sale	10,608		—		—		10,608
FHLB and FRB stock	1,125		—		—		1,125
Loans(1)	567,140		(5,207)		—		561,933
Premises and equipment	4,415		4,668		—		9,083
Accrued interest receivable	1,706		—		—		1,706
BOLI	9,066		—		—		9,066
Core deposit intangibles	—		12,210		—		12,210
Other assets	2,727		569		(179)		3,117
Total assets acquired	$	644,556	$	12,240	$	(179)	$	656,617
Liabilities assumed
Deposits	$	570,419	$	183	$	—	$	570,602
Junior subordinated debt	11,341		(1,408)		—		9,933
Other borrowings	24,728		—		—		24,728
Deferred income taxes	—		1,341		250		1,591
Other liabilities	3,334		—		—		3,334
Total liabilities assumed	$	609,822	$	116	$	250	$	610,188
Net assets acquired							$	46,429
Consideration paid
Common stock consideration
Shares of Quantum							574,157
Exchange ratio							2.3942
HomeTrust common stock issued							1,374,647
Price per share of HomeTrust common stock on February 10, 2023							$	27.45
HomeTrust common stock consideration							$	37,734
Cash consideration(2)							17,168
Total consideration							$	54,902
Goodwill							$	8,473

(1)Adjustments to Quantum's total loans include the elimination of Quantum's existing allowance for loan losses of $5,972, the recognition of an ACL at close on PCD loans of $369, and adjustments to reflect the estimated credit fair value mark on the non-PCD loan portfolio of $2,932 and the estimated interest rate fair value adjustment on the loan portfolio as a whole (non-PCD and PCD) of $7,878.

(2)As indicated in the Current Report on Form 8-K/A filed with the SEC on March 30, 2023, the amount of cash consideration paid at closing differs from the $57.54 per share, or $33,037, reported in the Current Report on Form 8-K filed on February 13, 2023, which announced the closing of the merger. Consistent with the merger agreement, between the execution of the merger agreement and the transaction closing date, Quantum's principal stockholders had the option to withdraw some or all of the amount of cash consideration to eventually be paid at closing in advance of the closing date. The amount of cash consideration paid at closing was reduced by the amount withdrawn during this time period.

Goodwill of $8,473 arising from the merger consisted largely of synergies and the cost saves resulting from the combining of operations of the companies, and is not expected to be deductible for income tax purposes.

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Debt Securities

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Debt Securities

Debt Securities

Debt securities available for sale consist of the following at the dates indicated:

	March 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
MBS, residential	$	115,128	$	945	$	(2,892)	$	113,181
Municipal bonds	3,478		—		(89)		3,389
Corporate bonds	5,000		—		(763)		4,237
Total	$	123,606	$	945	$	(3,744)	$	120,807

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
MBS, residential	$	105,477	$	1,194	$	(2,172)	$	104,499
Municipal bonds	3,487		—		(78)		3,409
Corporate bonds	20,000		—		(958)		19,042
Total	$	128,964	$	1,194	$	(3,208)	$	126,950

Debt securities available for sale by contractual maturity at March 31, 2024 and December 31, 2023 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.

	March 31, 2024
	Amortized Cost		Estimated Fair Value
Due within one year	$	1,531	$	1,514
Due after one year through five years	1,947		1,875
Due after five years through ten years	5,000		4,237
Due after ten years	—		—
MBS, residential	115,128		113,181
Total	$	123,606	$	120,807

	December 31, 2023
	Amortized Cost		Estimated Fair Value
Due within one year	$	15,000	$	14,848
Due after one year through five years	3,487		3,409
Due after five years through ten years	5,000		4,194
Due after ten years	—		—
MBS, residential	105,477		104,499
Total	$	128,964	$	126,950

The Company had no sales of debt securities available for sale and no gross realized gains or losses were recognized during the three months ended March 31, 2024 and 2023.

Debt securities available for sale with amortized costs totaling $57,692 and $43,846 and market values of $57,794 and $42,329 at March 31, 2024 and December 31, 2023, respectively, were pledged as collateral to secure various public deposits and other borrowings.

The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2024 and December 31, 2023 were as follows:

	March 31, 2024
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
MBS, residential	$	46,099	$	(799)	$	47,559	$	(2,093)	$	93,658	$	(2,892)
Municipal bonds	—		—		3,389		(89)		3,389		(89)
Corporate bonds	619		(131)		2,868		(632)		3,487		(763)
Total	$	46,718	$	(930)	$	53,816	$	(2,814)	$	100,534	$	(3,744)

	December 31, 2023
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
MBS, residential	$	46,978	$	(393)	$	35,200	$	(1,779)	$	82,178	$	(2,172)
Municipal bonds	—		—		3,409		(78)		3,409		(78)
Corporate bonds	618		(132)		17,674		(826)		18,292		(958)
Total	$	47,596	$	(525)	$	56,283	$	(2,683)	$	103,879	$	(3,208)

The total number of securities with unrealized losses at March 31, 2024 and December 31, 2023 were 186 and 187, respectively.

Management evaluates securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. All debt securities available for sale in an unrealized loss position as of March 31, 2024 continue to perform as scheduled and management does not believe that there is a credit loss or that a provision for credit losses is necessary. Also, as part of management's evaluation of its intent and ability to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, management considers its investment strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. Management does not currently intend to sell the securities within the portfolio and it is not more-likely-than-not that securities will be required to be sold. See "Note 1 – Summary of Significant Accounting Policies" in our 2023 Form 10-KT for further discussion.

Management continues to monitor all of its securities with a high degree of scrutiny. There can be no assurance that management will not conclude in future periods that conditions existing at that time indicate some or all of its securities may be sold or would require a charge to earnings as a provision for credit losses in such periods.

Management excludes the accrued interest receivable balance from the amortized cost basis in measuring ECL on investment securities and does not record an ACL on accrued interest receivable. As of March 31, 2024 and December 31, 2023, accrued interest receivable for debt securities available for sale was $425 and $469, respectively.

XML

Loans Held For Sale

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Loans Held For Sale

Loans Held For Sale

Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated:

	March 31, 2024		December 31, 2023
One-to-four family	$	292	$	—
SBA	19,902		30,650
HELOCs	200,505		167,783
Total loans held for sale, at the lower of cost or fair value	$	220,699	$	198,433

The carrying balance of loans held for sale, at fair value, was $2,764 and $3,359 at March 31, 2024 and December 31, 2023, respectively, while the amortized cost of these loans was $2,702 and $3,286 at the same dates.

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Loans and Allowance for Credit Losses on Loans

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Loans and Allowance for Credit Losses on Loans

Loans and Allowance for Credit Losses on Loans

Loans consist of the following at the dates indicated(1):

	March 31, 2024		December 31, 2023
Commercial real estate loans
Construction and land development	$	304,727	$	305,269
Commercial real estate – owner occupied	532,547		536,545
Commercial real estate – non-owner occupied	881,143		875,694
Multifamily	89,692		88,623
Total commercial real estate loans	1,808,109		1,806,131
Commercial loans
Commercial and industrial	243,732		237,255
Equipment finance	462,649		465,573
Municipal leases	151,894		150,292
Total commercial loans	858,275		853,120
Residential real estate loans
Construction and land development	85,840		96,646
One-to-four family	605,570		584,405
HELOCs	184,274		185,878
Total residential real estate loans	875,684		866,929
Consumer loans	106,084		113,842
Total loans, net of deferred loan fees and costs	3,648,152		3,640,022
ACL on loans	(47,502)		(48,641)
Loans, net	$	3,600,650	$	3,591,381

(1)    At March 31, 2024 and December 31, 2023 accrued interest receivable of $16,187 and $16,218, respectively, was accounted for separately from the amortized cost basis.

All qualifying one-to-four family loans, HELOCs, commercial real estate loans and FHLB of Atlanta stock are pledged as collateral by a blanket pledge to secure outstanding FHLB advances.

Loans are made to the Company's executive officers, directors and their associates during the ordinary course of business. The aggregate amount of loans to such related parties totaled approximately $205 and $209 at March 31, 2024 and December 31, 2023, respectively. In relation to these loans are unfunded commitments that totaled approximately $3 at both March 31, 2024 and December 31, 2023, respectively.

Loans are monitored for credit quality on a recurring basis and the composition of the loans outstanding by credit quality indicator is provided below. Loan credit quality indicators are developed through review of individual borrowers on an ongoing basis. Generally, loans are monitored for performance on a quarterly basis with the credit quality indicators adjusted as needed. The indicators represent the rating for loans as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows:

Pass – A pass rated loan is not adversely classified because it does not display any of the characteristics for adverse classification.

Special Mention – A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention loans are not adversely classified and do not warrant adverse classification.

Substandard – A substandard loan is inadequately protected by the current net worth and paying capacity of the obligor, or of the collateral pledged, if any. Loans classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful – A loan classified as doubtful has all the weaknesses inherent in a loan classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions and values.

Loss – Loans classified as loss are considered uncollectible and of such little value that their continuing to be carried as a loan is not warranted. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full write-off even though partial recovery may be effected in the future.

The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate and consumer loans by origination year as of March 31, 2024:

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	23,514	$	73,342	$	86,245	$	70,988	$	37,620	$	7,021	$	5,997	$	304,727
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	23,514	$	73,342	$	86,245	$	70,988	$	37,620	$	7,021	$	5,997	$	304,727
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate – owner occupied
Risk rating
Pass	$	7,811	$	32,923	$	68,532	$	102,532	$	89,585	$	219,936	$	4,420	$	525,739
Special mention	—		—		149		149		445		3,426		—		4,169
Substandard	—		—		95		380		1		1,869		—		2,345
Doubtful	—		—		—		—		—		294		—		294
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – owner occupied	$	7,811	$	32,923	$	68,776	$	103,061	$	90,031	$	225,525	$	4,420	$	532,547
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	208	$	—	$	208
Commercial real estate – non-owner occupied
Risk rating
Pass	$	19,786	$	12,183	$	105,268	$	159,449	$	183,448	$	372,497	$	5,890	$	858,521
Special mention	—		—		—		—		—		9,520		—		9,520
Substandard	—		—		3,078		—		—		10,024		—		13,102
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – non-owner occupied	$	19,786	$	12,183	$	108,346	$	159,449	$	183,448	$	392,041	$	5,890	$	881,143
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Risk rating
Pass	$	—	$	5,512	$	6,627	$	19,780	$	21,174	$	36,089	$	151	$	89,333
Special mention	—		—		—		—		—		88		—		88
Substandard	—		—		—		—		—		271		—		271
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total multifamily	$	—	$	5,512	$	6,627	$	19,780	$	21,174	$	36,448	$	151	$	89,692
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial real estate
Risk rating
Pass	$	51,111	$	123,960	$	266,672	$	352,749	$	331,827	$	635,543	$	16,458	$	1,778,320
Special mention	—		—		149		149		445		13,034		—		13,777
Substandard	—		—		3,173		380		1		12,164		—		15,718
Doubtful	—		—		—		—		—		294		—		294
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	51,111	$	123,960	$	269,994	$	353,278	$	332,273	$	661,035	$	16,458	$	1,808,109
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	208	$	—	$	208

(1)As previously announced, on July 24, 2023, the Board of Directors approved a change in the Company's fiscal year end from June 30 to December 31. "2023-S" represents the six-month transition period ended December 31, 2023.

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Commercial and industrial
Risk rating
Pass	$	13,491	$	18,866	$	47,683	$	43,500	$	13,342	$	30,684	$	70,875	$	238,441
Special mention	—		—		—		651		132		106		—		889
Substandard	—		—		913		300		10		1,399		—		2,622
Doubtful	—		—		699		—		1		347		264		1,311
Loss	—		—		—		178		—		291		—		469
Total commercial and industrial	$	13,491	$	18,866	$	49,295	$	44,629	$	13,485	$	32,827	$	71,139	$	243,732
Current period gross charge-offs	$	—	$	—	$	329	$	102	$	40	$	253	$	—	$	724
Equipment finance
Risk rating
Pass	$	39,373	$	79,525	$	160,248	$	101,153	$	48,273	$	23,964	$	—	$	452,536
Special mention	—		103		767		1,693		723		396		—		3,682
Substandard	—		—		—		—		—		125		—		125
Doubtful	—		135		3,058		2,162		672		279		—		6,306
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	39,373	$	79,763	$	164,073	$	105,008	$	49,668	$	24,764	$	—	$	462,649
Current period gross charge-offs	$	—	$	—	$	786	$	619	$	234	$	22	$	—	$	1,661
Municipal leases
Risk rating
Pass	$	6,221	$	17,579	$	33,835	$	26,490	$	14,988	$	52,781	$	—	$	151,894
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	6,221	$	17,579	$	33,835	$	26,490	$	14,988	$	52,781	$	—	$	151,894
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial
Risk rating
Pass	$	59,085	$	115,970	$	241,766	$	171,143	$	76,603	$	107,429	$	70,875	$	842,871
Special mention	—		103		767		2,344		855		502		—		4,571
Substandard	—		—		913		300		10		1,524		—		2,747
Doubtful	—		135		3,757		2,162		673		626		264		7,617
Loss	—		—		—		178		—		291		—		469
Total commercial	$	59,085	$	116,208	$	247,203	$	176,127	$	78,141	$	110,372	$	71,139	$	858,275
Total current period gross charge-offs	$	—	$	—	$	1,115	$	721	$	274	$	275	$	—	$	2,385

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	1,131	$	13,289	$	52,100	$	15,098	$	3,293	$	792	$	—	$	85,703
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		137		—		137
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	1,131	$	13,289	$	52,100	$	15,098	$	3,293	$	929	$	—	$	85,840
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
One-to-four family
Risk rating
Pass	$	8,992	$	18,960	$	123,796	$	152,341	$	108,309	$	179,379	$	8,638	$	600,415
Special mention	—		—		—		—		—		360		—		360
Substandard	—		—		382		256		—		4,138		—		4,776
Doubtful	—		—		—		—		—		19		—		19
Loss	—		—		—		—		—		—		—		—
Total one-to-four family	$	8,992	$	18,960	$	124,178	$	152,597	$	108,309	$	183,896	$	8,638	$	605,570
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs
Risk rating
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	181,870	$	181,870
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		2,404		2,404
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs	$	—	$	—	$	—	$	—	$	—	$	—	$	184,274	$	184,274
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	20	$	20
Total residential real estate
Risk rating
Pass	$	10,123	$	32,249	$	175,896	$	167,439	$	111,602	$	180,171	$	190,508	$	867,988
Special mention	—		—		—		—		—		360		—		360
Substandard	—		—		382		256		—		4,275		2,404		7,317
Doubtful	—		—		—		—		—		19		—		19
Loss	—		—		—		—		—		—		—		—
Total residential real estate	$	10,123	$	32,249	$	176,278	$	167,695	$	111,602	$	184,825	$	192,912	$	875,684
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	20	$	20

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Total consumer
Risk rating
Pass	$	4,484	$	24,641	$	46,441	$	12,824	$	8,416	$	7,763	$	263	$	104,832
Special mention	—		—		—		—		—		—		—		—
Substandard	—		92		473		230		166		262		20		1,243
Doubtful	—		—		5		—		4		—		—		9
Loss	—		—		—		—		—		—		—		—
Total consumer	$	4,484	$	24,733	$	46,919	$	13,054	$	8,586	$	8,025	$	283	$	106,084
Total current period gross charge-offs	$	—	$	37	$	166	$	85	$	35	$	2	$	8	$	333

The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate and consumer loans by origination year as of December 31, 2023(2):

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	61,716	$	105,170	$	88,320	$	37,197	$	201	$	7,581	$	4,805	$	304,990
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		279		—		—		—		—		279
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	61,716	$	105,170	$	88,599	$	37,197	$	201	$	7,581	$	4,805	$	305,269
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate – owner occupied
Risk rating
Pass	$	35,428	$	61,090	$	104,005	$	90,506	$	72,121	$	159,328	$	3,486	$	525,964
Special mention	—		149		148		447		2,033		3,699		—		6,476
Substandard	—		—		379		1		338		2,886		—		3,604
Doubtful	—		—		—		—		289		212		—		501
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – owner occupied	$	35,428	$	61,239	$	104,532	$	90,954	$	74,781	$	166,125	$	3,486	$	536,545
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	290	$	—	$	290
Commercial real estate – non-owner occupied
Risk rating
Pass	$	11,716	$	104,881	$	155,782	$	185,264	$	95,749	$	302,341	$	6,460	$	862,193
Special mention	—		—		—		—		—		294		—		294
Substandard	—		3,078		—		—		6,180		3,949		—		13,207
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – non-owner occupied	$	11,716	$	107,959	$	155,782	$	185,264	$	101,929	$	306,584	$	6,460	$	875,694
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Risk rating
Pass	$	5,515	$	4,184	$	18,597	$	21,411	$	10,921	$	25,400	$	644	$	86,672
Special mention	—		—		1,583		—		—		89		—		1,672
Substandard	—		—		—		—		—		279		—		279
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total multifamily	$	5,515	$	4,184	$	20,180	$	21,411	$	10,921	$	25,768	$	644	$	88,623
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial real estate
Risk rating
Pass	$	114,375	$	275,325	$	366,704	$	334,378	$	178,992	$	494,650	$	15,395	$	1,779,819
Special mention	—		149		1,731		447		2,033		4,082		—		8,442
Substandard	—		3,078		658		1		6,518		7,114		—		17,369
Doubtful	—		—		—		—		289		212		—		501
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	114,375	$	278,552	$	369,093	$	334,826	$	187,832	$	506,058	$	15,395	$	1,806,131
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	290	$	—	$	290

(1)As previously announced, on July 24, 2023, the Board of Directors approved a change in the Company's fiscal year end from June 30 to December 31. "2023-S" represents the six-month transition period ended December 31, 2023.

(2)This table reflects the correction of an immaterial error in the prior period disclosure. See "Note 1 – Summary of Significant Accounting Policies" for further information.

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Commercial and industrial
Risk rating
Pass	$	19,180	$	51,742	$	60,487	$	14,146	$	11,071	$	22,352	$	49,663	$	228,641
Special mention	—		329		227		158		54		81		—		849
Substandard	—		671		341		29		1,380		307		3,707		6,435
Doubtful	—		713		—		—		222		—		264		1,199
Loss	—		—		—		—		—		131		—		131
Total commercial and industrial	$	19,180	$	53,455	$	61,055	$	14,333	$	12,727	$	22,871	$	53,634	$	237,255
Current period gross charge-offs	$	—	$	1,337	$	402	$	184	$	574	$	618	$	—	$	3,115
Equipment finance
Risk rating
Pass	$	83,332	$	172,704	$	113,363	$	57,295	$	25,552	$	4,854	$	—	$	457,100
Special mention	—		338		666		383		341		252		—		1,980
Substandard	—		206		—		—		—		134		—		340
Doubtful	—		2,645		2,498		626		384		—		—		6,153
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	83,332	$	175,893	$	116,527	$	58,304	$	26,277	$	5,240	$	—	$	465,573
Current period gross charge-offs	$	—	$	550	$	912	$	539	$	29	$	14	$	—	$	2,044
Municipal leases
Risk rating
Pass	$	17,372	$	34,203	$	28,241	$	15,742	$	7,358	$	47,376	$	—	$	150,292
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	17,372	$	34,203	$	28,241	$	15,742	$	7,358	$	47,376	$	—	$	150,292
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial
Risk rating
Pass	$	119,884	$	258,649	$	202,091	$	87,183	$	43,981	$	74,582	$	49,663	$	836,033
Special mention	—		667		893		541		395		333		—		2,829
Substandard	—		877		341		29		1,380		441		3,707		6,775
Doubtful	—		3,358		2,498		626		606		—		264		7,352
Loss	—		—		—		—		—		131		—		131
Total commercial	$	119,884	$	263,551	$	205,823	$	88,379	$	46,362	$	75,487	$	53,634	$	853,120
Total current period gross charge-offs	$	—	$	1,887	$	1,314	$	723	$	603	$	632	$	—	$	5,159

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	7,669	$	64,716	$	18,841	$	4,002	$	44	$	1,237	$	—	$	96,509
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		137		—		137
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	7,669	$	64,716	$	18,841	$	4,002	$	44	$	1,374	$	—	$	96,646
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
One-to-four family
Risk rating
Pass	$	19,532	$	102,902	$	153,029	$	109,870	$	48,971	$	139,061	$	5,395	$	578,760
Special mention	—		—		—		—		—		511		—		511
Substandard	—		383		258		—		202		4,268		—		5,111
Doubtful	—		—		—		—		—		23		—		23
Loss	—		—		—		—		—		—		—		—
Total one-to-four family	$	19,532	$	103,285	$	153,287	$	109,870	$	49,173	$	143,863	$	5,395	$	584,405
Current period gross charge-offs	$	—	$	—	$	13	$	3	$	12	$	4	$	—	$	32
HELOCs
Risk rating
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	183,815	$	183,815
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		2,034		2,034
Doubtful	—		—		—		—		—		—		29		29
Loss	—		—		—		—		—		—		—		—
Total HELOCs	$	—	$	—	$	—	$	—	$	—	$	—	$	185,878	$	185,878
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total residential real estate
Risk rating
Pass	$	27,201	$	167,618	$	171,870	$	113,872	$	49,015	$	140,298	$	189,210	$	859,084
Special mention	—		—		—		—		—		511		—		511
Substandard	—		383		258		—		202		4,405		2,034		7,282
Doubtful	—		—		—		—		—		23		29		52
Loss	—		—		—		—		—		—		—		—
Total residential real estate	$	27,201	$	168,001	$	172,128	$	113,872	$	49,217	$	145,237	$	191,273	$	866,929
Total current period gross charge-offs	$	—	$	—	$	13	$	3	$	12	$	4	$	—	$	32

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Total consumer
Risk rating
Pass	$	26,569	$	51,351	$	14,408	$	9,672	$	6,313	$	4,068	$	309	$	112,690
Special mention	—		—		—		—		—		—		—		—
Substandard	—		329		265		210		172		141		24		1,141
Doubtful	—		7		—		3		—		—		—		10
Loss	—		—		—		—		—		1		—		1
Total consumer	$	26,569	$	51,687	$	14,673	$	9,885	$	6,485	$	4,210	$	333	$	113,842
Total current period gross charge-offs	$	6	$	401	$	118	$	34	$	11	$	9	$	—	$	579

The following tables present aging analyses of past due loans (including nonaccrual loans) by segment and class for the periods indicated:

	Past Due								Total Loans
	30-89 Days		90 Days+		Total		Current
March 31, 2024
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	304,727	$	304,727
Commercial real estate – owner occupied	164		674		838		531,709		532,547
Commercial real estate – non-owner occupied	—		—		—		881,143		881,143
Multifamily	—		—		—		89,692		89,692
Total commercial real estate	164		674		838		1,807,271		1,808,109
Commercial
Commercial and industrial	1,667		2,701		4,368		239,364		243,732
Equipment finance	1,963		4,301		6,264		456,385		462,649
Municipal leases	—		—		—		151,894		151,894
Total commercial	3,630		7,002		10,632		847,643		858,275
Residential real estate
Construction and land development	—		132		132		85,708		85,840
One-to-four family	880		990		1,870		603,700		605,570
HELOCs	724		1,973		2,697		181,577		184,274
Total residential real estate	1,604		3,095		4,699		870,985		875,684
Consumer	417		387		804		105,280		106,084
Total loans	$	5,815	$	11,158	$	16,973	$	3,631,179	$	3,648,152

	Past Due								Total Loans
	30-89 Days		90 Days+		Total		Current
December 31, 2023
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	305,269	$	305,269
Commercial real estate – owner occupied	657		501		1,158		535,387		536,545
Commercial real estate – non-owner occupied	4,032		—		4,032		871,662		875,694
Multifamily	—		—		—		88,623		88,623
Total commercial real estate	4,689		501		5,190		1,800,941		1,806,131
Commercial
Commercial and industrial	974		2,667		3,641		233,614		237,255
Equipment finance	5,411		4,019		9,430		456,143		465,573
Municipal leases	—		—		—		150,292		150,292
Total commercial	6,385		6,686		13,071		840,049		853,120
Residential real estate
Construction and land development	—		132		132		96,514		96,646
One-to-four family	958		1,068		2,026		582,379		584,405
HELOCs	1,240		1,622		2,862		183,016		185,878
Total residential real estate	2,198		2,822		5,020		861,909		866,929
Consumer	535		301		836		113,006		113,842
Total loans	$	13,807	$	10,310	$	24,117	$	3,615,905	$	3,640,022

The following table presents the recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the three months ended March 31, 2024.

	March 31, 2024		December 31, 2023		90 Days+ & Still Accruing as of March 31, 2024		Nonaccrual with No ACL as of March 31, 2024		Interest Income Recognized
Commercial real estate
Commercial real estate – owner occupied	$	1,071	$	912	$	—	$	—	$	5
Commercial real estate – non-owner occupied	4,033		4,032		—		956		17
Multifamily	69		74		—		—		1
Total commercial real estate	5,173		5,018		—		956		23
Commercial
Commercial and industrial	3,544		2,774		—		166		19
Equipment finance	6,563		6,463		—		—		26
Total commercial	10,107		9,237		—		166		45
Residential real estate
Construction and land development	132		132		—		—		—
One-to-four family	1,861		2,205		—		—		22
HELOCs	2,323		2,173		—		510		12
Total residential real estate	4,316		4,510		—		510		34
Consumer	602		568		—		—		5
Total loans	$	20,198	$	19,333	$	—	$	1,632	$	107

The following tables present analyses of the ACL on loans by segment for the periods indicated. In addition to the provision (benefit) for credit losses on loans presented below, provisions of $20 and $400 for off-balance sheet credit exposures were recorded during the three months ended March 31, 2024 and 2023, respectively, while no provision for commercial paper was recorded for either period. For the three months ended March 31, 2023, $4,921 and $369 of the provision for credit losses was recognized to establish ACLs on Quantum's loan portfolio and off-balance-sheet credit exposure, respectively.

	Three Months Ended March 31, 2024
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	20,323	$	17,025	$	9,285	$	2,008	$	48,641
Provision (benefit) for credit losses	(162)		1,435		(149)		21		1,145
Charge-offs	(208)		(2,385)		(20)		(331)		(2,944)
Recoveries	—		545		41		74		660
Net (charge-offs) recoveries	(208)		(1,840)		21		(257)		(2,284)
Balance at end of period	$	19,953	$	16,620	$	9,157	$	1,772	$	47,502

	Three Months Ended March 31, 2023
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	15,059	$	12,382	$	9,048	$	2,370	$	38,859
Provision (benefit) for credit losses	6,262		2,413		(100)		(215)		8,360
Initial ACL on PCD loans	292		72		5		—		369
Charge-offs	—		(484)		(3)		(91)		(578)
Recoveries	—		275		172		46		493
Net (charge-offs) recoveries	—		(209)		169		(45)		(85)
Balance at end of period	$	21,613	$	14,658	$	9,122	$	2,110	$	47,503

A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and the repayment is expected to be provided substantially through the operation or sale of collateral. The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, as well as collateral coverage for those loans for the periods indicated below:

	Type and Extent of Collateral Securing CDAs								Non-CDAs
March 31, 2024	Residential Property		Investment Property		Commercial Property		Business Assets				Total
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—	$	304,727	$	304,727
Commercial real estate – owner occupied	—		—		1,519		—		531,028		532,547
Commercial real estate – non-owner occupied	—		—		4,309		—		876,834		881,143
Multifamily	—		—		—		—		89,692		89,692
Total commercial real estate	—		—		5,828		—		1,802,281		1,808,109
Commercial
Commercial and industrial	—		—		—		1,588		242,144		243,732
Equipment finance	—		—		—		741		461,908		462,649
Municipal leases	—		—		—		—		151,894		151,894
Total commercial	—		—		—		2,329		855,946		858,275
Residential real estate
Construction and land development	—		—		—		—		85,840		85,840
One-to-four family	—		—		—		—		605,570		605,570
HELOCs	510		—		—		—		183,764		184,274
Total residential real estate	510		—		—		—		875,174		875,684
Consumer	—		—		—		—		106,084		106,084
Total	$	510	$	—	$	5,828	$	2,329	$	3,639,485	$	3,648,152
Total collateral value	$	733	$	—	$	5,175	$	796

	Type and Extent of Collateral Securing CDAs								Non-CDAs
December 31, 2023	Residential Property		Investment Property		Commercial Property		Business Assets				Total
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—	$	305,269	$	305,269
Commercial real estate – owner occupied	—		—		1,821		—		534,724		536,545
Commercial real estate – non-owner occupied	—		—		4,310		—		871,384		875,694
Multifamily	—		—		—		—		88,623		88,623
Total commercial real estate	—		—		6,131		—		1,800,000		1,806,131
Commercial
Commercial and industrial	—		—		—		1,322		235,933		237,255
Equipment finance	—		—		—		1,304		464,269		465,573
Municipal leases	—		—		—		—		150,292		150,292
Total commercial	—		—		—		2,626		850,494		853,120
Residential real estate
Construction and land development	—		—		—		—		96,646		96,646
One-to-four family	—		—		—		—		584,405		584,405
HELOCs	510		—		—		—		185,368		185,878
Total residential real estate	510		—		—		—		866,419		866,929
Consumer	—		—		—		—		113,842		113,842
Total	$	510	$	—	$	6,131	$	2,626	$	3,630,755	$	3,640,022
Total collateral value	$	733	$	—	$	5,627	$	686

Modifications to Borrowers Experiencing Financial Difficulty

The Company modifies loans to borrowers experiencing financial difficulty by providing principal forgiveness, a term extension, an other-than-insignificant payment delay or interest rate adjustments. In some cases, the Company provides multiple types of modifications on one loan. Typically, one type of modification, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another modification, such as principal forgiveness, may be granted. For loans included in the combination columns in the table below, multiple types of modifications have been made on the same loan within the current reporting period.

The following table presents the amortized cost basis of loans at March 31, 2024, that were both experiencing financial difficulty and modified during the three months ended March 31, 2024, by class and type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial difficulty as compared to the amortized cost basis of each class of financing receivable is also presented.

	Three Months Ended March 31, 2024
	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension & Principal Forgiveness		Combination Term Extension & Interest Rate Reduction		% of Total Class of Financing Receivable
Commercial real estate
Commercial real estate – non-owner-occupied	$	—	$	956	$	—	$	—	$	—	$	—	0.18	%
Commercial loans
Commercial and industrial	—		1,378		—		—		—		—		0.57
Total	$	—	$	2,334	$	—	$	—	$	—	$	—	0.06	%

There were also no loans that had a payment default during the three months ended March 31, 2024 that had previously been modified within the last twelve months.

Off-Balance Sheet Credit Exposure

The Company maintains a separate reserve for credit losses on off-balance sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the consolidated balance sheet. The reserve for credit losses on off-balance sheet credit exposures is adjusted as a provision for credit losses in the consolidated statement of income. The estimate includes consideration of the likelihood that funding will occur and an estimate of ECLs on commitments expected to be funded over its estimated life, utilizing the same models and approaches for the Company's other loan portfolio segments described above, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No credit loss estimate is reported for off-balance sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. At March 31, 2024 and December 31, 2023, the ACL on off-balance sheet credit exposures included in other liabilities was $2,607 and $2,587, respectively.

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Deposit Accounts

3 Months Ended

Mar. 31, 2024

Deposits [Abstract]

Deposit Accounts

Deposit Accounts

Deposit accounts at the dates indicated consist of the following:

	March 31, 2024		December 31, 2023
Noninterest-bearing accounts	$	773,901	$	784,950
NOW accounts	600,561		591,270
Money market accounts	1,308,467		1,246,807
Savings accounts	191,302		194,486
Certificates of deposit	925,576		843,860
Total	$	3,799,807	$	3,661,373

Deposits from executive officers and directors and their associates totaled approximately $1,314 and $1,555 at March 31, 2024 and December 31, 2023, respectively.

As of March 31, 2024, scheduled maturities of certificates of deposit were as follows:

Remainder of 2024	$	727,808
2025	185,736
2026	5,855
2027	4,087
2028	1,562
Thereafter	528
Total	$	925,576

Certificates of deposit with balances of $250 or greater totaled $144,616 and $118,035 at March 31, 2024 and December 31, 2023, respectively. Generally, deposit amounts in excess of $250 are not federally insured.

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Borrowings

3 Months Ended

Mar. 31, 2024

Federal Home Loan Banks [Abstract]

Borrowings

Borrowings

Junior Subordinated Debentures

On February 21, 2007, Quantum formed a Connecticut statutory trust, Quantum Capital Statutory Trust II (the "Trust"), which issued $11,000 of trust preferred securities that were designed to qualify as Tier I capital under Federal Reserve Board guidelines. All of the common securities of the Trust were owned by Quantum. The proceeds from the issuance of the common securities and the trust preferred securities were used by the Trust to purchase $11,341 of junior subordinated debentures of Quantum. As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Trust.

The trust preferred securities accrue and pay quarterly distributions at a floating rate of 3-month Term SOFR plus 2.20%, which was 7.50% at March 31, 2024. The Company has guaranteed distributions and other payments due on the trust preferred securities to the extent the Trust has insufficient funds with which to make the distributions and other payments. The net combined effect of all documents entered into in connection with the trust preferred securities is that the Company is liable to make the distributions and other payments required on the trust preferred securities.

The trust preferred securities are mandatorily redeemable upon maturity of the debentures on March 15, 2037, or upon earlier redemption as provided in the indenture. The Company has the right to redeem the debentures purchased by the Trust, in whole or in part, on or after March 15, 2012. As specified in the indenture, if the debentures are redeemed prior to maturity, the redemption price will be the principal amount and any accrued but unpaid interest.

Other Borrowings

Borrowings, outside of junior subordinated debt, consist of the following at the dates indicated:

	March 31, 2024				December 31, 2023
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
FHLB advances (short-term)	$	—	—	%	$	105,000	5.44	%
FRB advances (short-term)	276,000		5.50		310,000		5.50
Revolving lines of credit	15,513		9.00		18,763		9.00
Total other borrowings	$	291,513	5.69	%	$	433,763	5.64	%

All qualifying one-to-four family loans, HELOCs, commercial real estate loans, multifamily loans and FHLB of Atlanta stock are pledged as collateral to secure outstanding FHLB advances while commercial construction, indirect auto, and equipment and municipal leases are pledged as collateral to secure outstanding FRB advances. At March 31, 2024 and December 31, 2023, the Company had the ability to borrow $170,017 and $72,766, respectively, through additional FHLB advances and $80,602 and $55,254, respectively, through the unused portion of a line of credit with the FRB.

At March 31, 2024 and December 31, 2023, the Company maintained revolving lines of credit with three unaffiliated banks, the unused portions of which totaled $149,487 and $146,237, respectively. At March 31, 2024 and December 31, 2023, HomeTrust had drawn $15,513 and $18,763, respectively, on a $40,000 revolving line of credit which bears interest at The Wall Street Journal prime rate plus 50 basis points, maturing on January 28, 2025, although the term may be extended for an additional year if no events of default have occurred.

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Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

Leases

As Lessee - Operating Leases

The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise our option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term.

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.

	March 31, 2024			December 31, 2023
Supplemental balance sheet information
ROU assets	$	8,967		$	9,259
Lease liabilities	$	10,625		$	10,975
Weighted-average remaining lease terms (years)	8.6			8.8
Weighted-average discount rate	3.43		%	3.41		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2024:

Remainder of 2024	$	1,392
2025	1,712
2026	1,703
2027	1,727
2028	1,535
Thereafter	4,370
Total undiscounted minimum lease payments	12,439
Less: amount representing interest	(1,814)
Total lease liability	$	10,625

The following table presents components of operating lease expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease cost (included in occupancy expense, net)	$	406	$	394
Variable lease cost (included in occupancy expense, net)	1		3
Sublease income (included in other noninterest income)	(42)		(42)
Total operating lease expense, net	$	365	$	355

As Lessee - Finance Lease

During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1,249, terminating the existing land lease. Prior to the purchase, interest expense on the lease liability totaled $15 for the three months ended March 31, 2023.

Supplemental lease cash flow information for the periods indicated:

	Three Months Ended March 31,
	2024		2023
ROU assets - noncash additions (operating leases)	$	24	$	—
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	378		363
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	—		22

As Lessor - General

The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a fixed purchase option, and most of the leases that do not have a purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease.

As Lessor - Operating Leases

Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one to seven years. Assets related to operating leases are included in other assets and the corresponding depreciation expense is recorded on a straight-line basis as a component of other noninterest expense. The net book value of leased assets totaled $29,713 and $30,121 with a residual value of $13,917 and $14,958 as of March 31, 2024 and December 31, 2023, respectively.

The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease income	$	1,859	$	1,505
Depreciation expense	1,643		1,266

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2024:

Remainder of 2024	$	5,546
2025	6,042
2026	4,120
2027	1,529
2028	1,253
Thereafter	2,373
Total of future minimum payments	$	20,863

As Lessor - Financing Leases

Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2024 and 2023, interest income on equipment finance leases totaled $1,055 and $860, respectively.

The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $69,442 and $70,150 at March 31, 2024 and December 31, 2023, respectively.

The following schedule summarizes, as of March 31, 2024, aggregate future minimum finance lease payments to be received:

Remainder of 2024	$	19,700
2025	20,943
2026	16,821
2027	12,171
2028	5,847
Thereafter	4,503
Total undiscounted minimum lease payments	79,985
Less: amount representing interest	(10,543)
Total lease receivable	$	69,442

Leases

Leases

As Lessee - Operating Leases

The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise our option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term.

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.

	March 31, 2024			December 31, 2023
Supplemental balance sheet information
ROU assets	$	8,967		$	9,259
Lease liabilities	$	10,625		$	10,975
Weighted-average remaining lease terms (years)	8.6			8.8
Weighted-average discount rate	3.43		%	3.41		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2024:

Remainder of 2024	$	1,392
2025	1,712
2026	1,703
2027	1,727
2028	1,535
Thereafter	4,370
Total undiscounted minimum lease payments	12,439
Less: amount representing interest	(1,814)
Total lease liability	$	10,625

The following table presents components of operating lease expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease cost (included in occupancy expense, net)	$	406	$	394
Variable lease cost (included in occupancy expense, net)	1		3
Sublease income (included in other noninterest income)	(42)		(42)
Total operating lease expense, net	$	365	$	355

As Lessee - Finance Lease

During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1,249, terminating the existing land lease. Prior to the purchase, interest expense on the lease liability totaled $15 for the three months ended March 31, 2023.

Supplemental lease cash flow information for the periods indicated:

	Three Months Ended March 31,
	2024		2023
ROU assets - noncash additions (operating leases)	$	24	$	—
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	378		363
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	—		22

As Lessor - General

The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a fixed purchase option, and most of the leases that do not have a purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease.

As Lessor - Operating Leases

Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one to seven years. Assets related to operating leases are included in other assets and the corresponding depreciation expense is recorded on a straight-line basis as a component of other noninterest expense. The net book value of leased assets totaled $29,713 and $30,121 with a residual value of $13,917 and $14,958 as of March 31, 2024 and December 31, 2023, respectively.

The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease income	$	1,859	$	1,505
Depreciation expense	1,643		1,266

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2024:

Remainder of 2024	$	5,546
2025	6,042
2026	4,120
2027	1,529
2028	1,253
Thereafter	2,373
Total of future minimum payments	$	20,863

As Lessor - Financing Leases

Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2024 and 2023, interest income on equipment finance leases totaled $1,055 and $860, respectively.

The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $69,442 and $70,150 at March 31, 2024 and December 31, 2023, respectively.

The following schedule summarizes, as of March 31, 2024, aggregate future minimum finance lease payments to be received:

Remainder of 2024	$	19,700
2025	20,943
2026	16,821
2027	12,171
2028	5,847
Thereafter	4,503
Total undiscounted minimum lease payments	79,985
Less: amount representing interest	(10,543)
Total lease receivable	$	69,442

Leases

Leases

As Lessee - Operating Leases

The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise our option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term.

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.

	March 31, 2024			December 31, 2023
Supplemental balance sheet information
ROU assets	$	8,967		$	9,259
Lease liabilities	$	10,625		$	10,975
Weighted-average remaining lease terms (years)	8.6			8.8
Weighted-average discount rate	3.43		%	3.41		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2024:

Remainder of 2024	$	1,392
2025	1,712
2026	1,703
2027	1,727
2028	1,535
Thereafter	4,370
Total undiscounted minimum lease payments	12,439
Less: amount representing interest	(1,814)
Total lease liability	$	10,625

The following table presents components of operating lease expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease cost (included in occupancy expense, net)	$	406	$	394
Variable lease cost (included in occupancy expense, net)	1		3
Sublease income (included in other noninterest income)	(42)		(42)
Total operating lease expense, net	$	365	$	355

As Lessee - Finance Lease

During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1,249, terminating the existing land lease. Prior to the purchase, interest expense on the lease liability totaled $15 for the three months ended March 31, 2023.

Supplemental lease cash flow information for the periods indicated:

	Three Months Ended March 31,
	2024		2023
ROU assets - noncash additions (operating leases)	$	24	$	—
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	378		363
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	—		22

As Lessor - General

The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a fixed purchase option, and most of the leases that do not have a purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease.

As Lessor - Operating Leases

Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one to seven years. Assets related to operating leases are included in other assets and the corresponding depreciation expense is recorded on a straight-line basis as a component of other noninterest expense. The net book value of leased assets totaled $29,713 and $30,121 with a residual value of $13,917 and $14,958 as of March 31, 2024 and December 31, 2023, respectively.

The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease income	$	1,859	$	1,505
Depreciation expense	1,643		1,266

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2024:

Remainder of 2024	$	5,546
2025	6,042
2026	4,120
2027	1,529
2028	1,253
Thereafter	2,373
Total of future minimum payments	$	20,863

As Lessor - Financing Leases

Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2024 and 2023, interest income on equipment finance leases totaled $1,055 and $860, respectively.

The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $69,442 and $70,150 at March 31, 2024 and December 31, 2023, respectively.

The following schedule summarizes, as of March 31, 2024, aggregate future minimum finance lease payments to be received:

Remainder of 2024	$	19,700
2025	20,943
2026	16,821
2027	12,171
2028	5,847
Thereafter	4,503
Total undiscounted minimum lease payments	79,985
Less: amount representing interest	(10,543)
Total lease receivable	$	69,442

Leases

Leases

As Lessee - Operating Leases

The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise our option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term.

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.

	March 31, 2024			December 31, 2023
Supplemental balance sheet information
ROU assets	$	8,967		$	9,259
Lease liabilities	$	10,625		$	10,975
Weighted-average remaining lease terms (years)	8.6			8.8
Weighted-average discount rate	3.43		%	3.41		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2024:

Remainder of 2024	$	1,392
2025	1,712
2026	1,703
2027	1,727
2028	1,535
Thereafter	4,370
Total undiscounted minimum lease payments	12,439
Less: amount representing interest	(1,814)
Total lease liability	$	10,625

The following table presents components of operating lease expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease cost (included in occupancy expense, net)	$	406	$	394
Variable lease cost (included in occupancy expense, net)	1		3
Sublease income (included in other noninterest income)	(42)		(42)
Total operating lease expense, net	$	365	$	355

As Lessee - Finance Lease

During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1,249, terminating the existing land lease. Prior to the purchase, interest expense on the lease liability totaled $15 for the three months ended March 31, 2023.

Supplemental lease cash flow information for the periods indicated:

	Three Months Ended March 31,
	2024		2023
ROU assets - noncash additions (operating leases)	$	24	$	—
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	378		363
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	—		22

As Lessor - General

The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a fixed purchase option, and most of the leases that do not have a purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease.

As Lessor - Operating Leases

Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one to seven years. Assets related to operating leases are included in other assets and the corresponding depreciation expense is recorded on a straight-line basis as a component of other noninterest expense. The net book value of leased assets totaled $29,713 and $30,121 with a residual value of $13,917 and $14,958 as of March 31, 2024 and December 31, 2023, respectively.

The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease income	$	1,859	$	1,505
Depreciation expense	1,643		1,266

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2024:

Remainder of 2024	$	5,546
2025	6,042
2026	4,120
2027	1,529
2028	1,253
Thereafter	2,373
Total of future minimum payments	$	20,863

As Lessor - Financing Leases

Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2024 and 2023, interest income on equipment finance leases totaled $1,055 and $860, respectively.

The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $69,442 and $70,150 at March 31, 2024 and December 31, 2023, respectively.

The following schedule summarizes, as of March 31, 2024, aggregate future minimum finance lease payments to be received:

Remainder of 2024	$	19,700
2025	20,943
2026	16,821
2027	12,171
2028	5,847
Thereafter	4,503
Total undiscounted minimum lease payments	79,985
Less: amount representing interest	(10,543)
Total lease receivable	$	69,442

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Equity Incentive Plan

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Equity Incentive Plan

Equity Incentive Plan

The Company historically provided stock-based awards through the 2013 Omnibus Incentive Plan, which provided for awards of restricted stock, restricted stock units, stock options, stock appreciation rights and cash awards to directors, directors emeritus, officers, employees and advisory directors. On November 14, 2022, at the Company's annual meeting, stockholders approved the 2022 Omnibus Incentive Plan which provides for the same types of awards as described under the 2013 Omnibus Incentive Plan. Going forward, any future grants will be made under this plan.

The cost of equity-based awards under the 2022 Omnibus Incentive Plan generally is based on the fair value of the awards on their grant date. The maximum number of shares that may be utilized for awards under the plan is 1,000,000. Shares of common stock issued under the plan will be issued out of authorized but unissued shares, some or all of which may be repurchased shares.

The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the dates indicated below:

	Three Months Ended March 31,
	2024		2023
Share-based compensation expense	$	413	$	434
Tax benefit	97		102

The table below presents stock option activity and related information for the three months ended March 31, 2024 and 2023:

	Options	Weighted-Average Exercise Price		Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Options outstanding at December 31, 2022	849,623	$	22.06	3.9	$	2,958
Exercised	(277,549)	14.65
Forfeited	(1,500)	14.37
Options outstanding at March 31, 2023	570,574	$	25.68	5.3	$	327
Exercisable at March 31, 2023	493,764	$	25.39	4.9	$	287
Non-vested at March 31, 2023	76,810	$	27.55	8.2	$	40
Options outstanding at December 31, 2023	534,350	$	25.85	4.6	$	776
Exercised	(10,000)	15.80
Options outstanding at March 31, 2024	524,350	$	26.04	4.5	$	848
Exercisable at March 31, 2024	475,380	$	25.86	4.2	$	774
Non-vested at March 31, 2024	48,970	$	27.77	7.4	$	74

There were no options granted during the three months ended March 31, 2024 and 2023.

At March 31, 2024, the Company had $340 of unrecognized compensation expense related to 48,970 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.5 years at March 31, 2024. At March 31, 2023, the Company had $529 of unrecognized compensation expense related to 76,810 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.8 years at March 31, 2023.

The table below presents restricted stock award activity and related information:

	Restricted Stock Awards(1)	Performance-Based Restricted Stock Units(2)	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Non-vested at December 31, 2022	100,992	22,843	$	27.28	$	2,033
Granted	53,339	17,519	27.45
Vested	(41,588)	—	27.47
Non-vested at March 31, 2023	112,743	40,362	$	27.14	$	3,916
Non-vested at December 31, 2023	106,143	25,001	$	27.70	$	3,530
Granted	56,480	15,899	26.58
Vested	(36,637)	—	27.26
Non-vested at March 31, 2024	125,986	40,900	$	27.31	$	4,563

(1)Restricted stock awards are scheduled to vest over 1.0 year for director awards and 5.0 years for employee awards.

(2)Performance-based restricted stock units are scheduled to vest over 3.0 years assuming the applicable financial goals are met.

At March 31, 2024, unrecognized compensation expense was $3,966 related to 166,886 shares of restricted stock and restricted stock units. The weighted average period over which compensation cost related to non-vested awards was expected to be recognized was 2.2 years at March 31, 2024. At March 31, 2023, unrecognized compensation expense was $3,628 related to 149,619 shares of restricted stock and restricted stock units. The weighted average period over which compensation cost related to non-vested awards was expected to be recognized was 2.0 years at March 31, 2023.

XML

Net Income per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Income per Share

Net Income per Share

The following is a reconciliation of the numerator and denominator of basic and diluted net income per common share as of the dates indicated:

	Three Months Ended March 31,
	2024		2023
Numerator
Net income	$	15,067	$	6,734
Allocation of earnings to participating securities	(148)		(64)
Numerator for basic and diluted EPS - net income available to common stockholders	$	14,919	$	6,670
Denominator
Weighted-average common shares outstanding - basic	16,859,738		16,021,994
Dilutive effect of assumed exercise of stock options	13,102		55,122
Weighted-average common shares outstanding - diluted	16,872,840		16,077,116
Net income per share - basic	$	0.88	$	0.40
Net income per share - diluted	$	0.88	$	0.40

Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 111,350 and 112,250 stock options that were anti-dilutive as of March 31, 2024 and 2023, respectively.

XML

Commitments and Contingencies

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Loan Commitments – Legally binding commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the consolidated financial statements. 

The table below presents details of loan commitments outstanding as of the dates indicated:

	March 31, 2024		December 31, 2023
Variable rate commitments	$	43,272	$	42,826
Fixed rate commitments(1)	35,886		27,682
Total loan commitments	$	79,158	$	70,508
Range of fixed interest rates	2.11% - 11.50%		2.11% - 11.25%
Undisbursed portions of construction loans	$	170,143	$	170,425
Pre-approved but unused lines of credit(2)	$	690,540	$	690,566

(1)Fixed rate commitments had terms ranging from three to 30 years as of each date presented.

(2)Principally second mortgage home equity loans and overdraft protection loans.

The commitments presented in the above table represent the Company’s exposure to credit risk and, in the opinion of management, have no more than the normal lending risk that the Company commits to its borrowers.

The Company has two types of commitments related to certain one-to-four family loans held for sale: rate lock commitments and forward loan commitments. Rate lock commitments are commitments to extend credit to a customer that has an interest rate lock and are considered derivative instruments. The rate lock commitments do not qualify for hedge accounting. In order to mitigate the risk from interest rate fluctuations, the Company enters into forward loan sale commitments such as TBAs, mandatory delivery commitments with investors, or best efforts forward sale commitments with investors. The fair value of these interest rate lock commitments was not material at March 31, 2024 or December 31, 2023.

SBIC Commitments – As of March 31, 2024, the Company had committed $28,000 across nine SBIC investments with $10,884 remaining to be drawn, while as of December 31, 2023, the Company had committed $24,000 across eight SBIC investments with $7,984 remaining to be drawn. Although the remaining capital commitments may or may not be called in the future, under the terms of the associated limited partnership agreements, the Company's exposure will not extend beyond the amount of the original commitments.

Guarantees – Standby letters of credit obligate the Company to meet certain financial obligations of its customers, if, under the contractual terms of the agreement, the customers are unable to do so. The financial standby letters of credit issued by the Company are irrevocable and payment is only guaranteed upon the borrower's failure to perform its obligations to the beneficiary. Total commitments under standby letters of credit as of March 31, 2024 and December 31, 2023 were $50,887 and $50,897, respectively. There was no liability recorded for these letters of credit at March 31, 2024 or December 31, 2023.

Litigation – From time to time, the Company is involved in litigation matters in the ordinary course of business. These proceedings and the associated legal claims are often contested, and the outcome of individual matters is not always predictable. These claims and counter claims typically arise during the course of collection efforts on problem loans or with respect to actions to enforce liens on properties in which the Company holds a security interest. The Company is not a party to any pending legal proceedings that management believes would have a material adverse effect on the Company’s financial condition or results of operations.

XML

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1:    Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2:    Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3:    Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following is a description of valuation methodologies used for assets recorded at fair value. As of both March 31, 2024 and December 31, 2023, the Company did not have any liabilities recorded at fair value.

The methods of determining the fair value of assets and liabilities presented in this note are consistent with the methodologies disclosed in Note 20 of the 2023 Form 10-KT.

Financial Assets Recorded at Fair Value

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:

	March 31, 2024
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
MBS, residential	$	113,181	$	—	$	113,181	$	—
Municipal bonds	3,389		—		3,389		—
Corporate bonds	4,237		—		4,237		—
Total debt securities available for sale	$	120,807	$	—	$	120,807	$	—
Loans held for sale	$	2,764	$	—	$	2,764	$	—

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
MBS, residential	$	104,499	$	—	$	104,499	$	—
Municipal bonds	3,409		—		3,409		—
Corporate bonds	19,042		—		19,042		—
Total debt securities available for sale	$	126,950	$	—	$	126,950	$	—
Loans held for sale	$	3,359	$	—	$	3,359	$	—

Debt securities available for sale are valued on a recurring basis at quoted market prices where available. If quoted market prices are not available, fair values are based on quoted prices of comparable securities. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange or U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include MBS and debentures issued by GSEs, municipal bonds and corporate debt securities. The Company has no Level 3 securities.

Loans held for sale carried at fair value are valued at the individual loan level using quoted secondary market prices.

There were no transfers between levels during the three months ended March 31, 2024 or December 31, 2023.

The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:

	March 31, 2024
	Total		Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate loans
Commercial real estate – owner occupied	$	3,492	$	—	$	—	$	3,492
Commercial real estate – non-owner occupied	24		—		—		24
Commercial loans
Commercial and industrial	121		—		—		121
Equipment finance	651		—		—		651
Total	$	4,288	$	—	$	—	$	4,288

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate loans
Commercial real estate – owner occupied	$	438	$	—	$	—	$	438
Commercial loans
Commercial and industrial	108		—		—		108
Equipment finance	578		—		—		578
Total	$	1,124	$	—	$	—	$	1,124

A loan is considered to be collateral dependent when, based on current information and events, the Company expects repayment of the financial assets to be provided substantially through the operation or sale of the collateral and the Company has determined that the borrower is experiencing financial difficulty as of the measurement date. For real estate loans, the fair value of the loan's collateral is determined by a third-party appraisal, which is then adjusted for the estimated selling and closing costs related to liquidation of the collateral (typically ranging from 8% to 12% of the appraised value). For this asset class, the actual valuation methods (income, sales comparable or cost) vary based on the status of the project or property. Additional discounts of 5% to 15% may be applied depending on the age of the appraisals. The unobservable inputs may vary depending on the age of the appraisals. The unobservable inputs may vary depending on the individual asset

with no one of the three methods being the predominant approach. For non-real estate loans, the fair value of the loan's collateral may be determined using an appraisal, net book value per the borrower's financial statements or aging reports, adjusted or discounted based on management's historical knowledge, changes in market conditions from the time of the valuation and management's expertise and knowledge of the customer and customer's business.

The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2024 and December 31, 2023, are summarized below:

	March 31, 2024
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	380,493	$	380,493	$	380,493	$	—	$	—
Certificates of deposit in other banks	33,625		33,625		—		33,625		—
Debt securities available for sale, at fair value	120,807		120,807		—		120,807		—
FHLB and FRB stock	13,691		N/A		N/A		N/A		N/A
SBIC investments, at cost	14,568		14,568		—		—		14,568
Loans held for sale, at fair value	2,764		2,764		2,764		—		—
Loans held for sale, at the lower of cost or fair value	220,699		222,753		—		—		222,753
Loans, net	3,600,650		3,464,898		—		—		3,464,898
Accrued interest receivable	16,944		16,944		218		539		16,187
Liabilities
Noninterest-bearing and NOW deposits	1,374,462		1,374,462		—		1,374,462		—
Money market accounts	1,308,467		1,308,467		—		1,308,467		—
Savings accounts	191,302		191,302		—		191,302		—
Certificates of deposit	925,576		921,456		—		921,456		—
Junior subordinated debt	10,045		9,838		—		9,838		—
Borrowings	291,513		291,499		—		291,499		—
Accrued interest payable	8,753		8,753		—		8,753		—

	December 31, 2023
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	347,140	$	347,140	$	347,140	$	—	$	—
Certificates of deposit in other banks	34,722		34,722		—		34,722		—
Debt securities available for sale, at fair value	126,950		126,950		—		126,950		—
FHLB and FRB stock	18,393		N/A		N/A		N/A		N/A
SBIC investments, at cost	13,789		13,789		—		—		13,789
Loans held for sale, at fair value	3,359		3,359		3,359		—		—
Loans held for sale, at the lower of cost or fair value	198,433		200,869		—		—		200,869
Loans, net	3,591,381		3,472,491		—		—		3,472,491
Accrued interest receivable	16,902		16,902		107		656		16,139
Liabilities
Noninterest-bearing and NOW deposits	1,376,220		1,376,220		—		1,376,220		—
Money market accounts	1,246,807		1,246,807		—		1,246,807		—
Savings accounts	194,486		194,486		—		194,486		—
Certificates of deposit	843,860		839,501		—		839,501		—
Junior subordinated debt	10,021		9,767		—		9,767		—
Borrowings	433,763		433,747		—		433,747		—
Accrued interest payable	6,849		6,849		—		6,849		—

The Company had off-balance sheet financial commitments, which included approximately $990,728 and $982,397 of commitments to originate loans, undisbursed portions of construction loans, unused lines of credit and standby letters of credit at March 31, 2024 and December 31, 2023, respectively (see "Note 12 – Commitments and Contingencies"). Since these commitments are based on current rates, the carrying amount approximates the fair value.

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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 15,067	$ 6,734

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Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Accounting

The accompanying unaudited consolidated financial statements have been prepared in accordance with US GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the SEC. Accordingly, they do not include all the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Transition Report on Form 10-KT for the six-month transition period ended December 31, 2023 ("2023 Form 10-KT") filed with the SEC on March 12, 2024. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of results that may be expected for the year ending December 31, 2024, the period which will be covered on a Report on Form 10-K.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions and other subjective assessments. In particular, management has identified the determination of the provision and the ACL on loans as an accounting policy that, due to the judgments, estimates and assumptions inherent in the policy, is critical to an understanding of the Company's financial statements. This policy and the related judgments, estimates and assumptions are described in greater detail in the notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies and Estimates) in the 2023 Form 10-KT. Management believes that the judgments, estimates and assumptions used in the preparation of the financial statements are appropriate based on the factual circumstances at the time. However, given the sensitivity of the financial statements to this critical accounting policy, the use of other judgments, estimates and assumptions could result in material differences in the Company's results of operations or financial condition. Further, subsequent changes in economic or market conditions could have a material impact on these estimates and the Company's financial condition and operating results in future periods.

Prior Period Disclosure Correction

Prior Period Disclosure Correction

Within "Note 6 – Loans and Allowance for Credit Losses on Loans", the tables disclosing our credit risk profile by origination year as of December 31, 2023, beginning on page 17 of this document, reflect the correction of an immaterial error in the prior period disclosure. The correction of the disclosure error redistributed $264,101 in loans from the "Revolving" columns to the "Term Loans By Origination Fiscal Year" columns. The error's only impact was to the identified disclosure and therefore had no effect on net income or stockholders' equity as previously reported.

Adoption of New Accounting Standards and Newly Issued but Not Yet Effective Accounting Standards

Adoption of New Accounting Standards

ASU 2023-02, "Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method." This ASU permits reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. The Company adopted this ASU on January 1, 2024, making an accounting policy election to apply the proportional amortization method on a tax credit program by tax credit program basis. The adoption did not result in a change in accounting for any of the Company's existing tax equity investments.

Newly Issued but Not Yet Effective Accounting Standards

ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." In November 2023, the FASB issued ASU 2023-07 which will require public entities to disclose information about their reportable segments' significant expenses on an interim and annual basis. Public entities will be required to disclose other segment items for each reportable segment and provide a description of its composition. Significant expense categories are derived from expenses that are regularly reported to an entity's chief operating decision-makers and included in segment-reported measures of profit or loss. The ASU will also require a public entity to disclose the title and position of the chief operating decision-maker and explain how the chief operating decision-maker uses the reported measures of profit or loss to assess segment performance. Lastly, ASU 2023-07 also requires interim disclosures of certain segment-related disclosures that previously were required only on an annual basis and clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements under Topic 280.

ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after

December 15, 2024. The ASU requires entities to adopt the changes to the segment reporting guidance on a retrospective basis and early adoption is permitted. The Company will update its segment-related disclosures upon adoption of the ASU.

ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." In December 2023, the FASB issued ASU 2023-09 which requires entities to disclose more detailed information in the reconciliation of their statutory tax rate to their effective tax rate. The ASU also requires entities to disclose more detailed information about income taxes paid, including by jurisdiction. This ASU is effective for public business entities for annual reporting periods beginning after December 15, 2024 and interim periods beginning after December 15, 2025. The Company will update its income tax disclosures upon adoption of the ASU.

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Merger with Quantum (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table provides a summary of the assets acquired, liabilities assumed, associated preliminary fair value adjustments and provisional period adjustments by the Company as of the merger date. As provided for under US GAAP, management had up to 12 months following the date of merger to finalize the fair value adjustments. Management has completed its evaluation and the values in the table below are considered final.

	Quantum		Fair Value Adjustments		Provisional Period Adjustments		As Recorded by HomeTrust
Assets acquired
Cash and cash equivalents	$	47,769	$	—	$	—	$	47,769
Debt securities available for sale	10,608		—		—		10,608
FHLB and FRB stock	1,125		—		—		1,125
Loans(1)	567,140		(5,207)		—		561,933
Premises and equipment	4,415		4,668		—		9,083
Accrued interest receivable	1,706		—		—		1,706
BOLI	9,066		—		—		9,066
Core deposit intangibles	—		12,210		—		12,210
Other assets	2,727		569		(179)		3,117
Total assets acquired	$	644,556	$	12,240	$	(179)	$	656,617
Liabilities assumed
Deposits	$	570,419	$	183	$	—	$	570,602
Junior subordinated debt	11,341		(1,408)		—		9,933
Other borrowings	24,728		—		—		24,728
Deferred income taxes	—		1,341		250		1,591
Other liabilities	3,334		—		—		3,334
Total liabilities assumed	$	609,822	$	116	$	250	$	610,188
Net assets acquired							$	46,429
Consideration paid
Common stock consideration
Shares of Quantum							574,157
Exchange ratio							2.3942
HomeTrust common stock issued							1,374,647
Price per share of HomeTrust common stock on February 10, 2023							$	27.45
HomeTrust common stock consideration							$	37,734
Cash consideration(2)							17,168
Total consideration							$	54,902
Goodwill							$	8,473

(1)Adjustments to Quantum's total loans include the elimination of Quantum's existing allowance for loan losses of $5,972, the recognition of an ACL at close on PCD loans of $369, and adjustments to reflect the estimated credit fair value mark on the non-PCD loan portfolio of $2,932 and the estimated interest rate fair value adjustment on the loan portfolio as a whole (non-PCD and PCD) of $7,878.

(2)As indicated in the Current Report on Form 8-K/A filed with the SEC on March 30, 2023, the amount of cash consideration paid at closing differs from the $57.54 per share, or $33,037, reported in the Current Report on Form 8-K filed on February 13, 2023, which announced the closing of the merger. Consistent with the merger agreement, between the execution of the merger agreement and the transaction closing date, Quantum's principal stockholders had the option to withdraw some or all of the amount of cash consideration to eventually be paid at closing in advance of the closing date. The amount of cash consideration paid at closing was reduced by the amount withdrawn during this time period.

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Debt Securities (Tables)

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

Debt securities available for sale consist of the following at the dates indicated:

	March 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
MBS, residential	$	115,128	$	945	$	(2,892)	$	113,181
Municipal bonds	3,478		—		(89)		3,389
Corporate bonds	5,000		—		(763)		4,237
Total	$	123,606	$	945	$	(3,744)	$	120,807

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
MBS, residential	$	105,477	$	1,194	$	(2,172)	$	104,499
Municipal bonds	3,487		—		(78)		3,409
Corporate bonds	20,000		—		(958)		19,042
Total	$	128,964	$	1,194	$	(3,208)	$	126,950

Investments Classified by Contractual Maturity Date

Debt securities available for sale by contractual maturity at March 31, 2024 and December 31, 2023 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.

	March 31, 2024
	Amortized Cost		Estimated Fair Value
Due within one year	$	1,531	$	1,514
Due after one year through five years	1,947		1,875
Due after five years through ten years	5,000		4,237
Due after ten years	—		—
MBS, residential	115,128		113,181
Total	$	123,606	$	120,807

	December 31, 2023
	Amortized Cost		Estimated Fair Value
Due within one year	$	15,000	$	14,848
Due after one year through five years	3,487		3,409
Due after five years through ten years	5,000		4,194
Due after ten years	—		—
MBS, residential	105,477		104,499
Total	$	128,964	$	126,950

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2024 and December 31, 2023 were as follows:

	March 31, 2024
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
MBS, residential	$	46,099	$	(799)	$	47,559	$	(2,093)	$	93,658	$	(2,892)
Municipal bonds	—		—		3,389		(89)		3,389		(89)
Corporate bonds	619		(131)		2,868		(632)		3,487		(763)
Total	$	46,718	$	(930)	$	53,816	$	(2,814)	$	100,534	$	(3,744)

	December 31, 2023
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
MBS, residential	$	46,978	$	(393)	$	35,200	$	(1,779)	$	82,178	$	(2,172)
Municipal bonds	—		—		3,409		(78)		3,409		(78)
Corporate bonds	618		(132)		17,674		(826)		18,292		(958)
Total	$	47,596	$	(525)	$	56,283	$	(2,683)	$	103,879	$	(3,208)

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Loans Held For Sale (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Loans Held for Sale

Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated:

	March 31, 2024		December 31, 2023
One-to-four family	$	292	$	—
SBA	19,902		30,650
HELOCs	200,505		167,783
Total loans held for sale, at the lower of cost or fair value	$	220,699	$	198,433

Loans consist of the following at the dates indicated(1):

	March 31, 2024		December 31, 2023
Commercial real estate loans
Construction and land development	$	304,727	$	305,269
Commercial real estate – owner occupied	532,547		536,545
Commercial real estate – non-owner occupied	881,143		875,694
Multifamily	89,692		88,623
Total commercial real estate loans	1,808,109		1,806,131
Commercial loans
Commercial and industrial	243,732		237,255
Equipment finance	462,649		465,573
Municipal leases	151,894		150,292
Total commercial loans	858,275		853,120
Residential real estate loans
Construction and land development	85,840		96,646
One-to-four family	605,570		584,405
HELOCs	184,274		185,878
Total residential real estate loans	875,684		866,929
Consumer loans	106,084		113,842
Total loans, net of deferred loan fees and costs	3,648,152		3,640,022
ACL on loans	(47,502)		(48,641)
Loans, net	$	3,600,650	$	3,591,381

(1)    At March 31, 2024 and December 31, 2023 accrued interest receivable of $16,187 and $16,218, respectively, was accounted for separately from the amortized cost basis.

The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, as well as collateral coverage for those loans for the periods indicated below:

	Type and Extent of Collateral Securing CDAs								Non-CDAs
March 31, 2024	Residential Property		Investment Property		Commercial Property		Business Assets				Total
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—	$	304,727	$	304,727
Commercial real estate – owner occupied	—		—		1,519		—		531,028		532,547
Commercial real estate – non-owner occupied	—		—		4,309		—		876,834		881,143
Multifamily	—		—		—		—		89,692		89,692
Total commercial real estate	—		—		5,828		—		1,802,281		1,808,109
Commercial
Commercial and industrial	—		—		—		1,588		242,144		243,732
Equipment finance	—		—		—		741		461,908		462,649
Municipal leases	—		—		—		—		151,894		151,894
Total commercial	—		—		—		2,329		855,946		858,275
Residential real estate
Construction and land development	—		—		—		—		85,840		85,840
One-to-four family	—		—		—		—		605,570		605,570
HELOCs	510		—		—		—		183,764		184,274
Total residential real estate	510		—		—		—		875,174		875,684
Consumer	—		—		—		—		106,084		106,084
Total	$	510	$	—	$	5,828	$	2,329	$	3,639,485	$	3,648,152
Total collateral value	$	733	$	—	$	5,175	$	796

	Type and Extent of Collateral Securing CDAs								Non-CDAs
December 31, 2023	Residential Property		Investment Property		Commercial Property		Business Assets				Total
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—	$	305,269	$	305,269
Commercial real estate – owner occupied	—		—		1,821		—		534,724		536,545
Commercial real estate – non-owner occupied	—		—		4,310		—		871,384		875,694
Multifamily	—		—		—		—		88,623		88,623
Total commercial real estate	—		—		6,131		—		1,800,000		1,806,131
Commercial
Commercial and industrial	—		—		—		1,322		235,933		237,255
Equipment finance	—		—		—		1,304		464,269		465,573
Municipal leases	—		—		—		—		150,292		150,292
Total commercial	—		—		—		2,626		850,494		853,120
Residential real estate
Construction and land development	—		—		—		—		96,646		96,646
One-to-four family	—		—		—		—		584,405		584,405
HELOCs	510		—		—		—		185,368		185,878
Total residential real estate	510		—		—		—		866,419		866,929
Consumer	—		—		—		—		113,842		113,842
Total	$	510	$	—	$	6,131	$	2,626	$	3,630,755	$	3,640,022
Total collateral value	$	733	$	—	$	5,627	$	686

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Loans and Allowance for Credit Losses on Loans (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated:

	March 31, 2024		December 31, 2023
One-to-four family	$	292	$	—
SBA	19,902		30,650
HELOCs	200,505		167,783
Total loans held for sale, at the lower of cost or fair value	$	220,699	$	198,433

Loans consist of the following at the dates indicated(1):

	March 31, 2024		December 31, 2023
Commercial real estate loans
Construction and land development	$	304,727	$	305,269
Commercial real estate – owner occupied	532,547		536,545
Commercial real estate – non-owner occupied	881,143		875,694
Multifamily	89,692		88,623
Total commercial real estate loans	1,808,109		1,806,131
Commercial loans
Commercial and industrial	243,732		237,255
Equipment finance	462,649		465,573
Municipal leases	151,894		150,292
Total commercial loans	858,275		853,120
Residential real estate loans
Construction and land development	85,840		96,646
One-to-four family	605,570		584,405
HELOCs	184,274		185,878
Total residential real estate loans	875,684		866,929
Consumer loans	106,084		113,842
Total loans, net of deferred loan fees and costs	3,648,152		3,640,022
ACL on loans	(47,502)		(48,641)
Loans, net	$	3,600,650	$	3,591,381

(1)    At March 31, 2024 and December 31, 2023 accrued interest receivable of $16,187 and $16,218, respectively, was accounted for separately from the amortized cost basis.

The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, as well as collateral coverage for those loans for the periods indicated below:

	Type and Extent of Collateral Securing CDAs								Non-CDAs
March 31, 2024	Residential Property		Investment Property		Commercial Property		Business Assets				Total
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—	$	304,727	$	304,727
Commercial real estate – owner occupied	—		—		1,519		—		531,028		532,547
Commercial real estate – non-owner occupied	—		—		4,309		—		876,834		881,143
Multifamily	—		—		—		—		89,692		89,692
Total commercial real estate	—		—		5,828		—		1,802,281		1,808,109
Commercial
Commercial and industrial	—		—		—		1,588		242,144		243,732
Equipment finance	—		—		—		741		461,908		462,649
Municipal leases	—		—		—		—		151,894		151,894
Total commercial	—		—		—		2,329		855,946		858,275
Residential real estate
Construction and land development	—		—		—		—		85,840		85,840
One-to-four family	—		—		—		—		605,570		605,570
HELOCs	510		—		—		—		183,764		184,274
Total residential real estate	510		—		—		—		875,174		875,684
Consumer	—		—		—		—		106,084		106,084
Total	$	510	$	—	$	5,828	$	2,329	$	3,639,485	$	3,648,152
Total collateral value	$	733	$	—	$	5,175	$	796

	Type and Extent of Collateral Securing CDAs								Non-CDAs
December 31, 2023	Residential Property		Investment Property		Commercial Property		Business Assets				Total
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—	$	305,269	$	305,269
Commercial real estate – owner occupied	—		—		1,821		—		534,724		536,545
Commercial real estate – non-owner occupied	—		—		4,310		—		871,384		875,694
Multifamily	—		—		—		—		88,623		88,623
Total commercial real estate	—		—		6,131		—		1,800,000		1,806,131
Commercial
Commercial and industrial	—		—		—		1,322		235,933		237,255
Equipment finance	—		—		—		1,304		464,269		465,573
Municipal leases	—		—		—		—		150,292		150,292
Total commercial	—		—		—		2,626		850,494		853,120
Residential real estate
Construction and land development	—		—		—		—		96,646		96,646
One-to-four family	—		—		—		—		584,405		584,405
HELOCs	510		—		—		—		185,368		185,878
Total residential real estate	510		—		—		—		866,419		866,929
Consumer	—		—		—		—		113,842		113,842
Total	$	510	$	—	$	6,131	$	2,626	$	3,630,755	$	3,640,022
Total collateral value	$	733	$	—	$	5,627	$	686

Financing Receivable Credit Quality Indicators

The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate and consumer loans by origination year as of March 31, 2024:

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	23,514	$	73,342	$	86,245	$	70,988	$	37,620	$	7,021	$	5,997	$	304,727
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	23,514	$	73,342	$	86,245	$	70,988	$	37,620	$	7,021	$	5,997	$	304,727
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate – owner occupied
Risk rating
Pass	$	7,811	$	32,923	$	68,532	$	102,532	$	89,585	$	219,936	$	4,420	$	525,739
Special mention	—		—		149		149		445		3,426		—		4,169
Substandard	—		—		95		380		1		1,869		—		2,345
Doubtful	—		—		—		—		—		294		—		294
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – owner occupied	$	7,811	$	32,923	$	68,776	$	103,061	$	90,031	$	225,525	$	4,420	$	532,547
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	208	$	—	$	208
Commercial real estate – non-owner occupied
Risk rating
Pass	$	19,786	$	12,183	$	105,268	$	159,449	$	183,448	$	372,497	$	5,890	$	858,521
Special mention	—		—		—		—		—		9,520		—		9,520
Substandard	—		—		3,078		—		—		10,024		—		13,102
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – non-owner occupied	$	19,786	$	12,183	$	108,346	$	159,449	$	183,448	$	392,041	$	5,890	$	881,143
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Risk rating
Pass	$	—	$	5,512	$	6,627	$	19,780	$	21,174	$	36,089	$	151	$	89,333
Special mention	—		—		—		—		—		88		—		88
Substandard	—		—		—		—		—		271		—		271
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total multifamily	$	—	$	5,512	$	6,627	$	19,780	$	21,174	$	36,448	$	151	$	89,692
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial real estate
Risk rating
Pass	$	51,111	$	123,960	$	266,672	$	352,749	$	331,827	$	635,543	$	16,458	$	1,778,320
Special mention	—		—		149		149		445		13,034		—		13,777
Substandard	—		—		3,173		380		1		12,164		—		15,718
Doubtful	—		—		—		—		—		294		—		294
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	51,111	$	123,960	$	269,994	$	353,278	$	332,273	$	661,035	$	16,458	$	1,808,109
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	208	$	—	$	208

(1)As previously announced, on July 24, 2023, the Board of Directors approved a change in the Company's fiscal year end from June 30 to December 31. "2023-S" represents the six-month transition period ended December 31, 2023.

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Commercial and industrial
Risk rating
Pass	$	13,491	$	18,866	$	47,683	$	43,500	$	13,342	$	30,684	$	70,875	$	238,441
Special mention	—		—		—		651		132		106		—		889
Substandard	—		—		913		300		10		1,399		—		2,622
Doubtful	—		—		699		—		1		347		264		1,311
Loss	—		—		—		178		—		291		—		469
Total commercial and industrial	$	13,491	$	18,866	$	49,295	$	44,629	$	13,485	$	32,827	$	71,139	$	243,732
Current period gross charge-offs	$	—	$	—	$	329	$	102	$	40	$	253	$	—	$	724
Equipment finance
Risk rating
Pass	$	39,373	$	79,525	$	160,248	$	101,153	$	48,273	$	23,964	$	—	$	452,536
Special mention	—		103		767		1,693		723		396		—		3,682
Substandard	—		—		—		—		—		125		—		125
Doubtful	—		135		3,058		2,162		672		279		—		6,306
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	39,373	$	79,763	$	164,073	$	105,008	$	49,668	$	24,764	$	—	$	462,649
Current period gross charge-offs	$	—	$	—	$	786	$	619	$	234	$	22	$	—	$	1,661
Municipal leases
Risk rating
Pass	$	6,221	$	17,579	$	33,835	$	26,490	$	14,988	$	52,781	$	—	$	151,894
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	6,221	$	17,579	$	33,835	$	26,490	$	14,988	$	52,781	$	—	$	151,894
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial
Risk rating
Pass	$	59,085	$	115,970	$	241,766	$	171,143	$	76,603	$	107,429	$	70,875	$	842,871
Special mention	—		103		767		2,344		855		502		—		4,571
Substandard	—		—		913		300		10		1,524		—		2,747
Doubtful	—		135		3,757		2,162		673		626		264		7,617
Loss	—		—		—		178		—		291		—		469
Total commercial	$	59,085	$	116,208	$	247,203	$	176,127	$	78,141	$	110,372	$	71,139	$	858,275
Total current period gross charge-offs	$	—	$	—	$	1,115	$	721	$	274	$	275	$	—	$	2,385

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	1,131	$	13,289	$	52,100	$	15,098	$	3,293	$	792	$	—	$	85,703
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		137		—		137
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	1,131	$	13,289	$	52,100	$	15,098	$	3,293	$	929	$	—	$	85,840
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
One-to-four family
Risk rating
Pass	$	8,992	$	18,960	$	123,796	$	152,341	$	108,309	$	179,379	$	8,638	$	600,415
Special mention	—		—		—		—		—		360		—		360
Substandard	—		—		382		256		—		4,138		—		4,776
Doubtful	—		—		—		—		—		19		—		19
Loss	—		—		—		—		—		—		—		—
Total one-to-four family	$	8,992	$	18,960	$	124,178	$	152,597	$	108,309	$	183,896	$	8,638	$	605,570
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
HELOCs
Risk rating
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	181,870	$	181,870
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		2,404		2,404
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs	$	—	$	—	$	—	$	—	$	—	$	—	$	184,274	$	184,274
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	20	$	20
Total residential real estate
Risk rating
Pass	$	10,123	$	32,249	$	175,896	$	167,439	$	111,602	$	180,171	$	190,508	$	867,988
Special mention	—		—		—		—		—		360		—		360
Substandard	—		—		382		256		—		4,275		2,404		7,317
Doubtful	—		—		—		—		—		19		—		19
Loss	—		—		—		—		—		—		—		—
Total residential real estate	$	10,123	$	32,249	$	176,278	$	167,695	$	111,602	$	184,825	$	192,912	$	875,684
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	20	$	20

	Term Loans By Origination Fiscal Year
March 31, 2024	2024		2023-S(1)		2023		2022		2021		Prior		Revolving		Total
Total consumer
Risk rating
Pass	$	4,484	$	24,641	$	46,441	$	12,824	$	8,416	$	7,763	$	263	$	104,832
Special mention	—		—		—		—		—		—		—		—
Substandard	—		92		473		230		166		262		20		1,243
Doubtful	—		—		5		—		4		—		—		9
Loss	—		—		—		—		—		—		—		—
Total consumer	$	4,484	$	24,733	$	46,919	$	13,054	$	8,586	$	8,025	$	283	$	106,084
Total current period gross charge-offs	$	—	$	37	$	166	$	85	$	35	$	2	$	8	$	333

The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate and consumer loans by origination year as of December 31, 2023(2):

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	61,716	$	105,170	$	88,320	$	37,197	$	201	$	7,581	$	4,805	$	304,990
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		279		—		—		—		—		279
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	61,716	$	105,170	$	88,599	$	37,197	$	201	$	7,581	$	4,805	$	305,269
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate – owner occupied
Risk rating
Pass	$	35,428	$	61,090	$	104,005	$	90,506	$	72,121	$	159,328	$	3,486	$	525,964
Special mention	—		149		148		447		2,033		3,699		—		6,476
Substandard	—		—		379		1		338		2,886		—		3,604
Doubtful	—		—		—		—		289		212		—		501
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – owner occupied	$	35,428	$	61,239	$	104,532	$	90,954	$	74,781	$	166,125	$	3,486	$	536,545
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	290	$	—	$	290
Commercial real estate – non-owner occupied
Risk rating
Pass	$	11,716	$	104,881	$	155,782	$	185,264	$	95,749	$	302,341	$	6,460	$	862,193
Special mention	—		—		—		—		—		294		—		294
Substandard	—		3,078		—		—		6,180		3,949		—		13,207
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate – non-owner occupied	$	11,716	$	107,959	$	155,782	$	185,264	$	101,929	$	306,584	$	6,460	$	875,694
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Risk rating
Pass	$	5,515	$	4,184	$	18,597	$	21,411	$	10,921	$	25,400	$	644	$	86,672
Special mention	—		—		1,583		—		—		89		—		1,672
Substandard	—		—		—		—		—		279		—		279
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total multifamily	$	5,515	$	4,184	$	20,180	$	21,411	$	10,921	$	25,768	$	644	$	88,623
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial real estate
Risk rating
Pass	$	114,375	$	275,325	$	366,704	$	334,378	$	178,992	$	494,650	$	15,395	$	1,779,819
Special mention	—		149		1,731		447		2,033		4,082		—		8,442
Substandard	—		3,078		658		1		6,518		7,114		—		17,369
Doubtful	—		—		—		—		289		212		—		501
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	114,375	$	278,552	$	369,093	$	334,826	$	187,832	$	506,058	$	15,395	$	1,806,131
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	290	$	—	$	290

(1)As previously announced, on July 24, 2023, the Board of Directors approved a change in the Company's fiscal year end from June 30 to December 31. "2023-S" represents the six-month transition period ended December 31, 2023.

(2)This table reflects the correction of an immaterial error in the prior period disclosure. See "Note 1 – Summary of Significant Accounting Policies" for further information.

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Commercial and industrial
Risk rating
Pass	$	19,180	$	51,742	$	60,487	$	14,146	$	11,071	$	22,352	$	49,663	$	228,641
Special mention	—		329		227		158		54		81		—		849
Substandard	—		671		341		29		1,380		307		3,707		6,435
Doubtful	—		713		—		—		222		—		264		1,199
Loss	—		—		—		—		—		131		—		131
Total commercial and industrial	$	19,180	$	53,455	$	61,055	$	14,333	$	12,727	$	22,871	$	53,634	$	237,255
Current period gross charge-offs	$	—	$	1,337	$	402	$	184	$	574	$	618	$	—	$	3,115
Equipment finance
Risk rating
Pass	$	83,332	$	172,704	$	113,363	$	57,295	$	25,552	$	4,854	$	—	$	457,100
Special mention	—		338		666		383		341		252		—		1,980
Substandard	—		206		—		—		—		134		—		340
Doubtful	—		2,645		2,498		626		384		—		—		6,153
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	83,332	$	175,893	$	116,527	$	58,304	$	26,277	$	5,240	$	—	$	465,573
Current period gross charge-offs	$	—	$	550	$	912	$	539	$	29	$	14	$	—	$	2,044
Municipal leases
Risk rating
Pass	$	17,372	$	34,203	$	28,241	$	15,742	$	7,358	$	47,376	$	—	$	150,292
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	17,372	$	34,203	$	28,241	$	15,742	$	7,358	$	47,376	$	—	$	150,292
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial
Risk rating
Pass	$	119,884	$	258,649	$	202,091	$	87,183	$	43,981	$	74,582	$	49,663	$	836,033
Special mention	—		667		893		541		395		333		—		2,829
Substandard	—		877		341		29		1,380		441		3,707		6,775
Doubtful	—		3,358		2,498		626		606		—		264		7,352
Loss	—		—		—		—		—		131		—		131
Total commercial	$	119,884	$	263,551	$	205,823	$	88,379	$	46,362	$	75,487	$	53,634	$	853,120
Total current period gross charge-offs	$	—	$	1,887	$	1,314	$	723	$	603	$	632	$	—	$	5,159

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	7,669	$	64,716	$	18,841	$	4,002	$	44	$	1,237	$	—	$	96,509
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		137		—		137
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	$	7,669	$	64,716	$	18,841	$	4,002	$	44	$	1,374	$	—	$	96,646
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
One-to-four family
Risk rating
Pass	$	19,532	$	102,902	$	153,029	$	109,870	$	48,971	$	139,061	$	5,395	$	578,760
Special mention	—		—		—		—		—		511		—		511
Substandard	—		383		258		—		202		4,268		—		5,111
Doubtful	—		—		—		—		—		23		—		23
Loss	—		—		—		—		—		—		—		—
Total one-to-four family	$	19,532	$	103,285	$	153,287	$	109,870	$	49,173	$	143,863	$	5,395	$	584,405
Current period gross charge-offs	$	—	$	—	$	13	$	3	$	12	$	4	$	—	$	32
HELOCs
Risk rating
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	183,815	$	183,815
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		2,034		2,034
Doubtful	—		—		—		—		—		—		29		29
Loss	—		—		—		—		—		—		—		—
Total HELOCs	$	—	$	—	$	—	$	—	$	—	$	—	$	185,878	$	185,878
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total residential real estate
Risk rating
Pass	$	27,201	$	167,618	$	171,870	$	113,872	$	49,015	$	140,298	$	189,210	$	859,084
Special mention	—		—		—		—		—		511		—		511
Substandard	—		383		258		—		202		4,405		2,034		7,282
Doubtful	—		—		—		—		—		23		29		52
Loss	—		—		—		—		—		—		—		—
Total residential real estate	$	27,201	$	168,001	$	172,128	$	113,872	$	49,217	$	145,237	$	191,273	$	866,929
Total current period gross charge-offs	$	—	$	—	$	13	$	3	$	12	$	4	$	—	$	32

	Term Loans By Origination Fiscal Year
December 31, 2023	2023-S(1)		2023		2022		2021		2020		Prior		Revolving		Total
Total consumer
Risk rating
Pass	$	26,569	$	51,351	$	14,408	$	9,672	$	6,313	$	4,068	$	309	$	112,690
Special mention	—		—		—		—		—		—		—		—
Substandard	—		329		265		210		172		141		24		1,141
Doubtful	—		7		—		3		—		—		—		10
Loss	—		—		—		—		—		1		—		1
Total consumer	$	26,569	$	51,687	$	14,673	$	9,885	$	6,485	$	4,210	$	333	$	113,842
Total current period gross charge-offs	$	6	$	401	$	118	$	34	$	11	$	9	$	—	$	579

Past Due Financing Receivables

The following tables present aging analyses of past due loans (including nonaccrual loans) by segment and class for the periods indicated:

	Past Due								Total Loans
	30-89 Days		90 Days+		Total		Current
March 31, 2024
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	304,727	$	304,727
Commercial real estate – owner occupied	164		674		838		531,709		532,547
Commercial real estate – non-owner occupied	—		—		—		881,143		881,143
Multifamily	—		—		—		89,692		89,692
Total commercial real estate	164		674		838		1,807,271		1,808,109
Commercial
Commercial and industrial	1,667		2,701		4,368		239,364		243,732
Equipment finance	1,963		4,301		6,264		456,385		462,649
Municipal leases	—		—		—		151,894		151,894
Total commercial	3,630		7,002		10,632		847,643		858,275
Residential real estate
Construction and land development	—		132		132		85,708		85,840
One-to-four family	880		990		1,870		603,700		605,570
HELOCs	724		1,973		2,697		181,577		184,274
Total residential real estate	1,604		3,095		4,699		870,985		875,684
Consumer	417		387		804		105,280		106,084
Total loans	$	5,815	$	11,158	$	16,973	$	3,631,179	$	3,648,152

	Past Due								Total Loans
	30-89 Days		90 Days+		Total		Current
December 31, 2023
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	305,269	$	305,269
Commercial real estate – owner occupied	657		501		1,158		535,387		536,545
Commercial real estate – non-owner occupied	4,032		—		4,032		871,662		875,694
Multifamily	—		—		—		88,623		88,623
Total commercial real estate	4,689		501		5,190		1,800,941		1,806,131
Commercial
Commercial and industrial	974		2,667		3,641		233,614		237,255
Equipment finance	5,411		4,019		9,430		456,143		465,573
Municipal leases	—		—		—		150,292		150,292
Total commercial	6,385		6,686		13,071		840,049		853,120
Residential real estate
Construction and land development	—		132		132		96,514		96,646
One-to-four family	958		1,068		2,026		582,379		584,405
HELOCs	1,240		1,622		2,862		183,016		185,878
Total residential real estate	2,198		2,822		5,020		861,909		866,929
Consumer	535		301		836		113,006		113,842
Total loans	$	13,807	$	10,310	$	24,117	$	3,615,905	$	3,640,022

Schedule of Past Due Loans Still Accruing and Nonaccruing Interest

The following table presents the recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the three months ended March 31, 2024.

	March 31, 2024		December 31, 2023		90 Days+ & Still Accruing as of March 31, 2024		Nonaccrual with No ACL as of March 31, 2024		Interest Income Recognized
Commercial real estate
Commercial real estate – owner occupied	$	1,071	$	912	$	—	$	—	$	5
Commercial real estate – non-owner occupied	4,033		4,032		—		956		17
Multifamily	69		74		—		—		1
Total commercial real estate	5,173		5,018		—		956		23
Commercial
Commercial and industrial	3,544		2,774		—		166		19
Equipment finance	6,563		6,463		—		—		26
Total commercial	10,107		9,237		—		166		45
Residential real estate
Construction and land development	132		132		—		—		—
One-to-four family	1,861		2,205		—		—		22
HELOCs	2,323		2,173		—		510		12
Total residential real estate	4,316		4,510		—		510		34
Consumer	602		568		—		—		5
Total loans	$	20,198	$	19,333	$	—	$	1,632	$	107

Allowance for Credit Losses on Financing Receivables

The following tables present analyses of the ACL on loans by segment for the periods indicated. In addition to the provision (benefit) for credit losses on loans presented below, provisions of $20 and $400 for off-balance sheet credit exposures were recorded during the three months ended March 31, 2024 and 2023, respectively, while no provision for commercial paper was recorded for either period. For the three months ended March 31, 2023, $4,921 and $369 of the provision for credit losses was recognized to establish ACLs on Quantum's loan portfolio and off-balance-sheet credit exposure, respectively.

	Three Months Ended March 31, 2024
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	20,323	$	17,025	$	9,285	$	2,008	$	48,641
Provision (benefit) for credit losses	(162)		1,435		(149)		21		1,145
Charge-offs	(208)		(2,385)		(20)		(331)		(2,944)
Recoveries	—		545		41		74		660
Net (charge-offs) recoveries	(208)		(1,840)		21		(257)		(2,284)
Balance at end of period	$	19,953	$	16,620	$	9,157	$	1,772	$	47,502

	Three Months Ended March 31, 2023
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	15,059	$	12,382	$	9,048	$	2,370	$	38,859
Provision (benefit) for credit losses	6,262		2,413		(100)		(215)		8,360
Initial ACL on PCD loans	292		72		5		—		369
Charge-offs	—		(484)		(3)		(91)		(578)
Recoveries	—		275		172		46		493
Net (charge-offs) recoveries	—		(209)		169		(45)		(85)
Balance at end of period	$	21,613	$	14,658	$	9,122	$	2,110	$	47,503

Modified Financing Receivables

The following table presents the amortized cost basis of loans at March 31, 2024, that were both experiencing financial difficulty and modified during the three months ended March 31, 2024, by class and type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial difficulty as compared to the amortized cost basis of each class of financing receivable is also presented.

	Three Months Ended March 31, 2024
	Principal Forgiveness		Payment Delay		Term Extension		Interest Rate Adjustment		Combination Term Extension & Principal Forgiveness		Combination Term Extension & Interest Rate Reduction		% of Total Class of Financing Receivable
Commercial real estate
Commercial real estate – non-owner-occupied	$	—	$	956	$	—	$	—	$	—	$	—	0.18	%
Commercial loans
Commercial and industrial	—		1,378		—		—		—		—		0.57
Total	$	—	$	2,334	$	—	$	—	$	—	$	—	0.06	%

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Deposit Accounts (Tables)

3 Months Ended

Mar. 31, 2024

Deposits [Abstract]

Schedule of Deposit Accounts

Deposit accounts at the dates indicated consist of the following:

	March 31, 2024		December 31, 2023
Noninterest-bearing accounts	$	773,901	$	784,950
NOW accounts	600,561		591,270
Money market accounts	1,308,467		1,246,807
Savings accounts	191,302		194,486
Certificates of deposit	925,576		843,860
Total	$	3,799,807	$	3,661,373

Schedule of Maturities of Certificates of Deposit

As of March 31, 2024, scheduled maturities of certificates of deposit were as follows:

Remainder of 2024	$	727,808
2025	185,736
2026	5,855
2027	4,087
2028	1,562
Thereafter	528
Total	$	925,576

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Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Federal Home Loan Banks [Abstract]

Schedule of Debt

Borrowings, outside of junior subordinated debt, consist of the following at the dates indicated:

	March 31, 2024				December 31, 2023
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
FHLB advances (short-term)	$	—	—	%	$	105,000	5.44	%
FRB advances (short-term)	276,000		5.50		310,000		5.50
Revolving lines of credit	15,513		9.00		18,763		9.00
Total other borrowings	$	291,513	5.69	%	$	433,763	5.64	%

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Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Assets and Liabilities, Lessee

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.

	March 31, 2024			December 31, 2023
Supplemental balance sheet information
ROU assets	$	8,967		$	9,259
Lease liabilities	$	10,625		$	10,975
Weighted-average remaining lease terms (years)	8.6			8.8
Weighted-average discount rate	3.43		%	3.41		%

Lessee, Operating Lease, Liability, Maturity

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2024:

Remainder of 2024	$	1,392
2025	1,712
2026	1,703
2027	1,727
2028	1,535
Thereafter	4,370
Total undiscounted minimum lease payments	12,439
Less: amount representing interest	(1,814)
Total lease liability	$	10,625

Lease, Cost

The following table presents components of operating lease expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease cost (included in occupancy expense, net)	$	406	$	394
Variable lease cost (included in occupancy expense, net)	1		3
Sublease income (included in other noninterest income)	(42)		(42)
Total operating lease expense, net	$	365	$	355

Supplemental lease cash flow information for the periods indicated:

	Three Months Ended March 31,
	2024		2023
ROU assets - noncash additions (operating leases)	$	24	$	—
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	378		363
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	—		22

Schedule of Total Equipment Finance Operating Lease Income and Depreciation Expense

The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated:

	Three Months Ended March 31,
	2024		2023
Operating lease income	$	1,859	$	1,505
Depreciation expense	1,643		1,266

Lessor, Operating Lease, Payments to be Received, Maturity

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2024:

Remainder of 2024	$	5,546
2025	6,042
2026	4,120
2027	1,529
2028	1,253
Thereafter	2,373
Total of future minimum payments	$	20,863

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

The following schedule summarizes, as of March 31, 2024, aggregate future minimum finance lease payments to be received:

Remainder of 2024	$	19,700
2025	20,943
2026	16,821
2027	12,171
2028	5,847
Thereafter	4,503
Total undiscounted minimum lease payments	79,985
Less: amount representing interest	(10,543)
Total lease receivable	$	69,442

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Equity Incentive Plan (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the dates indicated below:

	Three Months Ended March 31,
	2024		2023
Share-based compensation expense	$	413	$	434
Tax benefit	97		102

Equity Incentive Plan Stock Option Activity

The table below presents stock option activity and related information for the three months ended March 31, 2024 and 2023:

	Options	Weighted-Average Exercise Price		Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Options outstanding at December 31, 2022	849,623	$	22.06	3.9	$	2,958
Exercised	(277,549)	14.65
Forfeited	(1,500)	14.37
Options outstanding at March 31, 2023	570,574	$	25.68	5.3	$	327
Exercisable at March 31, 2023	493,764	$	25.39	4.9	$	287
Non-vested at March 31, 2023	76,810	$	27.55	8.2	$	40
Options outstanding at December 31, 2023	534,350	$	25.85	4.6	$	776
Exercised	(10,000)	15.80
Options outstanding at March 31, 2024	524,350	$	26.04	4.5	$	848
Exercisable at March 31, 2024	475,380	$	25.86	4.2	$	774
Non-vested at March 31, 2024	48,970	$	27.77	7.4	$	74

Schedule of Nonvested Restricted Stock Units Activity

The table below presents restricted stock award activity and related information:

	Restricted Stock Awards(1)	Performance-Based Restricted Stock Units(2)	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Non-vested at December 31, 2022	100,992	22,843	$	27.28	$	2,033
Granted	53,339	17,519	27.45
Vested	(41,588)	—	27.47
Non-vested at March 31, 2023	112,743	40,362	$	27.14	$	3,916
Non-vested at December 31, 2023	106,143	25,001	$	27.70	$	3,530
Granted	56,480	15,899	26.58
Vested	(36,637)	—	27.26
Non-vested at March 31, 2024	125,986	40,900	$	27.31	$	4,563

(1)Restricted stock awards are scheduled to vest over 1.0 year for director awards and 5.0 years for employee awards.

(2)Performance-based restricted stock units are scheduled to vest over 3.0 years assuming the applicable financial goals are met.

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Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation of the numerator and denominator of basic and diluted net income per common share as of the dates indicated:

	Three Months Ended March 31,
	2024		2023
Numerator
Net income	$	15,067	$	6,734
Allocation of earnings to participating securities	(148)		(64)
Numerator for basic and diluted EPS - net income available to common stockholders	$	14,919	$	6,670
Denominator
Weighted-average common shares outstanding - basic	16,859,738		16,021,994
Dilutive effect of assumed exercise of stock options	13,102		55,122
Weighted-average common shares outstanding - diluted	16,872,840		16,077,116
Net income per share - basic	$	0.88	$	0.40
Net income per share - diluted	$	0.88	$	0.40

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Commitment and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Other Commitments

The table below presents details of loan commitments outstanding as of the dates indicated:

	March 31, 2024		December 31, 2023
Variable rate commitments	$	43,272	$	42,826
Fixed rate commitments(1)	35,886		27,682
Total loan commitments	$	79,158	$	70,508
Range of fixed interest rates	2.11% - 11.50%		2.11% - 11.25%
Undisbursed portions of construction loans	$	170,143	$	170,425
Pre-approved but unused lines of credit(2)	$	690,540	$	690,566

(1)Fixed rate commitments had terms ranging from three to 30 years as of each date presented.

(2)Principally second mortgage home equity loans and overdraft protection loans.

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Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:

	March 31, 2024
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
MBS, residential	$	113,181	$	—	$	113,181	$	—
Municipal bonds	3,389		—		3,389		—
Corporate bonds	4,237		—		4,237		—
Total debt securities available for sale	$	120,807	$	—	$	120,807	$	—
Loans held for sale	$	2,764	$	—	$	2,764	$	—

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
MBS, residential	$	104,499	$	—	$	104,499	$	—
Municipal bonds	3,409		—		3,409		—
Corporate bonds	19,042		—		19,042		—
Total debt securities available for sale	$	126,950	$	—	$	126,950	$	—
Loans held for sale	$	3,359	$	—	$	3,359	$	—

Fair Value Measurements, Nonrecurring

The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:

	March 31, 2024
	Total		Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate loans
Commercial real estate – owner occupied	$	3,492	$	—	$	—	$	3,492
Commercial real estate – non-owner occupied	24		—		—		24
Commercial loans
Commercial and industrial	121		—		—		121
Equipment finance	651		—		—		651
Total	$	4,288	$	—	$	—	$	4,288

	December 31, 2023
	Total		Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate loans
Commercial real estate – owner occupied	$	438	$	—	$	—	$	438
Commercial loans
Commercial and industrial	108		—		—		108
Equipment finance	578		—		—		578
Total	$	1,124	$	—	$	—	$	1,124

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2024 and December 31, 2023, are summarized below:

	March 31, 2024
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	380,493	$	380,493	$	380,493	$	—	$	—
Certificates of deposit in other banks	33,625		33,625		—		33,625		—
Debt securities available for sale, at fair value	120,807		120,807		—		120,807		—
FHLB and FRB stock	13,691		N/A		N/A		N/A		N/A
SBIC investments, at cost	14,568		14,568		—		—		14,568
Loans held for sale, at fair value	2,764		2,764		2,764		—		—
Loans held for sale, at the lower of cost or fair value	220,699		222,753		—		—		222,753
Loans, net	3,600,650		3,464,898		—		—		3,464,898
Accrued interest receivable	16,944		16,944		218		539		16,187
Liabilities
Noninterest-bearing and NOW deposits	1,374,462		1,374,462		—		1,374,462		—
Money market accounts	1,308,467		1,308,467		—		1,308,467		—
Savings accounts	191,302		191,302		—		191,302		—
Certificates of deposit	925,576		921,456		—		921,456		—
Junior subordinated debt	10,045		9,838		—		9,838		—
Borrowings	291,513		291,499		—		291,499		—
Accrued interest payable	8,753		8,753		—		8,753		—

	December 31, 2023
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	347,140	$	347,140	$	347,140	$	—	$	—
Certificates of deposit in other banks	34,722		34,722		—		34,722		—
Debt securities available for sale, at fair value	126,950		126,950		—		126,950		—
FHLB and FRB stock	18,393		N/A		N/A		N/A		N/A
SBIC investments, at cost	13,789		13,789		—		—		13,789
Loans held for sale, at fair value	3,359		3,359		3,359		—		—
Loans held for sale, at the lower of cost or fair value	198,433		200,869		—		—		200,869
Loans, net	3,591,381		3,472,491		—		—		3,472,491
Accrued interest receivable	16,902		16,902		107		656		16,139
Liabilities
Noninterest-bearing and NOW deposits	1,376,220		1,376,220		—		1,376,220		—
Money market accounts	1,246,807		1,246,807		—		1,246,807		—
Savings accounts	194,486		194,486		—		194,486		—
Certificates of deposit	843,860		839,501		—		839,501		—
Junior subordinated debt	10,021		9,767		—		9,767		—
Borrowings	433,763		433,747		—		433,747		—
Accrued interest payable	6,849		6,849		—		6,849		—

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Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Feb. 12, 2023
Revision of Prior Period, Error Correction, Adjustment
Business Acquisition [Line Items]
Financing receivable, excluding accrued interest, revolving	$ 264,101
Quantum
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired		100.00%

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Merger with Quantum - Narrative (Details) $ in Thousands	Feb. 12, 2023 USD ($) location	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Number of locations | location	2
Goodwill		$ 34,111	$ 34,111
Quantum
Business Acquisition [Line Items]
Aggregate amount of consideration to be paid	$ 70,771
Prepaid cash consideration to stockholders	15,869
Goodwill	$ 8,473

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Merger with Quantum - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - Quantum - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended	14 Months Ended
	Mar. 30, 2023	Feb. 12, 2023	Mar. 31, 2023	Mar. 31, 2024	Feb. 10, 2023
Business Acquisition [Line Items]
Cash and cash equivalents		$ 47,769		$ 47,769
Debt securities available for sale		10,608		10,608
FHLB and FRB stock		1,125		1,125
Loans		567,140		561,933
Premises and equipment		4,415		9,083
Accrued interest receivable		1,706		1,706
BOLI		9,066		9,066
Core deposit intangibles		0		12,210
Other assets		2,727		3,117
Total assets acquired		644,556		656,617
Deposits		570,419		570,602
Junior subordinated debt		11,341		9,933
Other borrowings		24,728		24,728
Deferred income taxes		0		1,591
Other liabilities		3,334		3,334
Total liabilities assumed		609,822		610,188
Net assets acquired				46,429
Adjustments, existing allowance for loan losses				5,972
Recognition of an ACL on PCD loans			$ 369	369
Estimated credit fair value mark on the non-PCD loan portfolio				2,932
Estimated interest rate fair value adjustment on the loan portfolio as a whole				7,878
Price per share (in dollars per share)	$ 57.54				$ 27.45
HomeTrust common stock consideration	$ 33,037	$ 37,734
Fair Value Adjustments
Business Acquisition [Line Items]
Fair Value Adjustments, Loans				(5,207)
Fair Value Adjustments, Premises and equipment				4,668
Fair Value Adjustments, Core deposit intangibles				12,210
Fair Value Adjustments, Other assets				569
Fair Value Adjustments, Total assets acquired				12,240
Fair Value Adjustments, Deposits				183
Fair Value Adjustments, Junior subordinated debt				(1,408)
Fair Value Adjustments, Deferred income taxes				1,341
Fair Value Adjustments, Total liabilities assumed				116
Provisional Period Adjustments
Business Acquisition [Line Items]
Fair Value Adjustments, Other assets				(179)
Fair Value Adjustments, Total assets acquired				(179)
Fair Value Adjustments, Deferred income taxes				250
Fair Value Adjustments, Total liabilities assumed				$ 250

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Merger with Quantum - Schedule of Business Acquisitions, by Acquisition (Details) $ / shares in Units, $ in Thousands	Mar. 30, 2023 USD ($) $ / shares	Feb. 12, 2023 USD ($) shares	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Feb. 10, 2023 $ / shares
Business Acquisition [Line Items]
Goodwill			$ 34,111	$ 34,111
Quantum
Business Acquisition [Line Items]
Shares of Quantum (in shares) | shares		574,157,000
Exchange ratio		2,394.2000
Stock issued for Quantum acquisition (in shares) | shares		1,374,647,000,000
Price per share (in dollars per share) | $ / shares	$ 57.54				$ 27.45
HomeTrust common stock consideration	$ 33,037	$ 37,734
Cash consideration		17,168
Business Combination, Consideration Transferred, Total		54,902
Goodwill		$ 8,473

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Debt Securities - Available for Sale Securities Table (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 123,606	$ 128,964
Gross Unrealized Gains	945	1,194
Gross Unrealized Losses	(3,744)	(3,208)
Estimated Fair Value	120,807	126,950
MBS, residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	115,128	105,477
Gross Unrealized Gains	945	1,194
Gross Unrealized Losses	(2,892)	(2,172)
Estimated Fair Value	113,181	104,499
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,478	3,487
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(89)	(78)
Estimated Fair Value	3,389	3,409
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,000	20,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(763)	(958)
Estimated Fair Value	$ 4,237	$ 19,042

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Debt Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due within one year	$ 1,531	$ 15,000
Due after one year through five years	1,947	3,487
Due after five years through ten years	5,000	5,000
Due after ten years	0	0
Total	123,606	128,964
Estimated Fair Value
Due within one year	1,514	14,848
Due after one year through five years	1,875	3,409
Due after five years through ten years	4,237	4,194
Due after ten years	0	0
Estimated Fair Value	120,807	126,950
MBS, residential
Amortized Cost
Total	115,128	105,477
Estimated Fair Value
Estimated Fair Value	$ 113,181	$ 104,499

XML

Debt Securities - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) security	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Proceeds from sale of securities available for sale	$ 0	$ 0
Gross realized gain (loss)	0	$ 0
Estimated Fair Value	120,807,000		$ 126,950,000
Securities available for sale pledged as collateral market value	$ 57,794,000		$ 42,329,000
Number of securities with unrealized losses | security	186		187
Accrued interest receivable for investment securities available for sale	$ 425,000		$ 469,000
Collateral Pledged
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value	$ 57,692,000		$ 43,846,000

XML

Debt Securities - Available for Sale Securities Continuous Unrealized Loss Position Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 46,718	$ 47,596
12 Months or Longer, Fair Value	53,816	56,283
Total, Fair Value	100,534	103,879
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31)
12 Months or More, Fair Value	(930)	(525)
12 Months or More, Unrealized Losses	(2,814)	(2,683)
Total, Unrealized Losses	(3,744)	(3,208)
MBS, residential
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	46,099	46,978
12 Months or Longer, Fair Value	47,559	35,200
Total, Fair Value	93,658	82,178
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31)
12 Months or More, Fair Value	(799)	(393)
12 Months or More, Unrealized Losses	(2,093)	(1,779)
Total, Unrealized Losses	(2,892)	(2,172)
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	0	0
12 Months or Longer, Fair Value	3,389	3,409
Total, Fair Value	3,389	3,409
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31)
12 Months or More, Fair Value	0	0
12 Months or More, Unrealized Losses	(89)	(78)
Total, Unrealized Losses	(89)	(78)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	619	618
12 Months or Longer, Fair Value	2,868	17,674
Total, Fair Value	3,487	18,292
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31)
12 Months or More, Fair Value	(131)	(132)
12 Months or More, Unrealized Losses	(632)	(826)
Total, Unrealized Losses	$ (763)	$ (958)

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Loans Held For Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable
Total loans held for sale, at the lower of cost or fair value	$ 220,699	$ 198,433
Loans held for sale, at fair value	2,764	3,359
Amortized cost of loans held for sale	2,702	3,286
One-to-four family
Accounts, Notes, Loans and Financing Receivable
Total loans held for sale, at the lower of cost or fair value	292	0
SBA
Accounts, Notes, Loans and Financing Receivable
Total loans held for sale, at the lower of cost or fair value	19,902	30,650
HELOCs
Accounts, Notes, Loans and Financing Receivable
Total loans held for sale, at the lower of cost or fair value	$ 200,505	$ 167,783

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Loans and Allowance for Credit Losses on Loans - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	$ 3,648,152		$ 3,640,022
ACL on loans	(47,502)	$ (47,503)	(48,641)	$ (38,859)
Loans, net	3,600,650		3,591,381
Accrued interest receivable	16,187		16,218
Provision (benefit) for credit losses	1,145	8,360
Charge-offs	(2,944)	(578)
Recoveries	660	493
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery)	(2,284)	(85)
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	1,808,109		1,806,131
ACL on loans	(19,953)	(21,613)	(20,323)	(15,059)
Provision (benefit) for credit losses	(162)	6,262
Charge-offs	(208)	0
Recoveries	0	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery)	(208)	0
Commercial Real Estate | Construction Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	304,727		305,269
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	532,547		536,545
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	881,143		875,694
Commercial Real Estate | Multifamily Loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	89,692		88,623
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	858,275		853,120
ACL on loans	(16,620)	(14,658)	(17,025)	(12,382)
Provision (benefit) for credit losses	1,435	2,413
Charge-offs	(2,385)	(484)
Recoveries	545	275
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery)	(1,840)	(209)
Commercial | Commercial and Industrial Loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	243,732		237,255
Commercial | Equipment Finance
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	462,649		465,573
Commercial | Municipal Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	151,894		150,292
Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	875,684		866,929
ACL on loans	(9,157)	(9,122)	(9,285)	(9,048)
Provision (benefit) for credit losses	(149)	(100)
Charge-offs	(20)	(3)
Recoveries	41	172
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery)	21	169
Residential | Construction Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	85,840		96,646
Residential | One-To-Four Family Loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	605,570		584,405
Consumer Portfolio
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	106,084		113,842
ACL on loans	(1,772)	(2,110)	$ (2,008)	$ (2,370)
Provision (benefit) for credit losses	21	(215)
Charge-offs	(331)	(91)
Recoveries	74	46
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery)	$ (257)	$ (45)

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Loans and Allowance for Credit Losses on Loans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		14 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable
Off-balance-sheet, credit loss, liability, credit loss expense (reversal)	$ 20	$ 400
Provision (benefit) for credit losses	1,145	8,360
Reserve for credit losses for off-balance sheet credit exposures included in other liabilities	2,607		$ 2,607	$ 2,587
Quantum
Accounts, Notes, Loans and Financing Receivable
Provision (benefit) for credit losses		4,921
Recognition of an ACL on PCD loans		$ 369	369
Executive Officers, Directors, and Associates | Related Party
Accounts, Notes, Loans and Financing Receivable
Loans, net	205		205	209
Executive Officers, Directors, and Associates | Related Party | Unfunded Loan Commitment
Accounts, Notes, Loans and Financing Receivable
Loans, net	$ 3		$ 3	$ 3

XML

Loans and Allowance for Credit Losses on Loans - Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment
Loans, net of deferred loan fees and costs	$ 3,648,152	$ 3,640,022
Commercial Real Estate
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	51,111	114,375
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	123,960	278,552
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	269,994	369,093
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	353,278	334,826
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	332,273	187,832
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	661,035	506,058
Financing Receivable, Excluding Accrued Interest, Revolving	16,458	15,395
Loans, net of deferred loan fees and costs	1,808,109	1,806,131
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	208	290
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	208	290
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	51,111	114,375
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	123,960	275,325
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	266,672	366,704
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	352,749	334,378
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	331,827	178,992
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	635,543	494,650
Financing Receivable, Excluding Accrued Interest, Revolving	16,458	15,395
Loans, net of deferred loan fees and costs	1,778,320	1,779,819
Commercial Real Estate | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	149
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	149	1,731
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	149	447
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	445	2,033
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	13,034	4,082
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	13,777	8,442
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	3,078
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	3,173	658
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	380	1
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	1	6,518
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	12,164	7,114
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	15,718	17,369
Commercial Real Estate | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	289
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	294	212
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	294	501
Commercial Real Estate | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Construction Loans
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	23,514	61,716
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	73,342	105,170
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	86,245	88,599
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	70,988	37,197
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	37,620	201
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	7,021	7,581
Financing Receivable, Excluding Accrued Interest, Revolving	5,997	4,805
Loans, net of deferred loan fees and costs	304,727	305,269
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	0	0
Commercial Real Estate | Construction Loans | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	23,514	61,716
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	73,342	105,170
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	86,245	88,320
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	70,988	37,197
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	37,620	201
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	7,021	7,581
Financing Receivable, Excluding Accrued Interest, Revolving	5,997	4,805
Loans, net of deferred loan fees and costs	304,727	304,990
Commercial Real Estate | Construction Loans | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Construction Loans | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	279
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	279
Commercial Real Estate | Construction Loans | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Construction Loans | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	7,811	35,428
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	32,923	61,239
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	68,776	104,532
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	103,061	90,954
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	90,031	74,781
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	225,525	166,125
Financing Receivable, Excluding Accrued Interest, Revolving	4,420	3,486
Loans, net of deferred loan fees and costs	532,547	536,545
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	208	290
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	208	290
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	7,811	35,428
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	32,923	61,090
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	68,532	104,005
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	102,532	90,506
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	89,585	72,121
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	219,936	159,328
Financing Receivable, Excluding Accrued Interest, Revolving	4,420	3,486
Loans, net of deferred loan fees and costs	525,739	525,964
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	149
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	149	148
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	149	447
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	445	2,033
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,426	3,699
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	4,169	6,476
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	95	379
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	380	1
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	1	338
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,869	2,886
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	2,345	3,604
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	289
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	294	212
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	294	501
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	19,786	11,716
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	12,183	107,959
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	108,346	155,782
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	159,449	185,264
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	183,448	101,929
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	392,041	306,584
Financing Receivable, Excluding Accrued Interest, Revolving	5,890	6,460
Loans, net of deferred loan fees and costs	881,143	875,694
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	0	0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	19,786	11,716
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	12,183	104,881
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	105,268	155,782
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	159,449	185,264
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	183,448	95,749
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	372,497	302,341
Financing Receivable, Excluding Accrued Interest, Revolving	5,890	6,460
Loans, net of deferred loan fees and costs	858,521	862,193
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	9,520	294
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	9,520	294
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	3,078
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	3,078	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	6,180
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	10,024	3,949
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	13,102	13,207
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Multifamily Loan
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	5,515
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	5,512	4,184
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	6,627	20,180
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	19,780	21,411
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	21,174	10,921
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	36,448	25,768
Financing Receivable, Excluding Accrued Interest, Revolving	151	644
Loans, net of deferred loan fees and costs	89,692	88,623
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	0	0
Commercial Real Estate | Multifamily Loan | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	5,515
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	5,512	4,184
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	6,627	18,597
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	19,780	21,411
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	21,174	10,921
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	36,089	25,400
Financing Receivable, Excluding Accrued Interest, Revolving	151	644
Loans, net of deferred loan fees and costs	89,333	86,672
Commercial Real Estate | Multifamily Loan | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	1,583
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	88	89
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	88	1,672
Commercial Real Estate | Multifamily Loan | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	271	279
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	271	279
Commercial Real Estate | Multifamily Loan | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Multifamily Loan | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	59,085	119,884
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	116,208	263,551
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	247,203	205,823
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	176,127	88,379
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	78,141	46,362
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	110,372	75,487
Financing Receivable, Excluding Accrued Interest, Revolving	71,139	53,634
Loans, net of deferred loan fees and costs	858,275	853,120
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	1,887
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	1,115	1,314
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	721	723
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	274	603
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	275	632
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	2,385	5,159
Commercial | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	59,085	119,884
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	115,970	258,649
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	241,766	202,091
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	171,143	87,183
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	76,603	43,981
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	107,429	74,582
Financing Receivable, Excluding Accrued Interest, Revolving	70,875	49,663
Loans, net of deferred loan fees and costs	842,871	836,033
Commercial | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	103	667
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	767	893
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	2,344	541
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	855	395
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	502	333
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	4,571	2,829
Commercial | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	877
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	913	341
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	300	29
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	10	1,380
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,524	441
Financing Receivable, Excluding Accrued Interest, Revolving	0	3,707
Loans, net of deferred loan fees and costs	2,747	6,775
Commercial | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	135	3,358
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	3,757	2,498
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	2,162	626
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	673	606
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	626	0
Financing Receivable, Excluding Accrued Interest, Revolving	264	264
Loans, net of deferred loan fees and costs	7,617	7,352
Commercial | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	178	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	291	131
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	469	131
Commercial | Commercial and Industrial Loan
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	13,491	19,180
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	18,866	53,455
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	49,295	61,055
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	44,629	14,333
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	13,485	12,727
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	32,827	22,871
Financing Receivable, Excluding Accrued Interest, Revolving	71,139	53,634
Loans, net of deferred loan fees and costs	243,732	237,255
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	1,337
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	329	402
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	102	184
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	40	574
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	253	618
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	724	3,115
Commercial | Commercial and Industrial Loan | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	13,491	19,180
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	18,866	51,742
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	47,683	60,487
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	43,500	14,146
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	13,342	11,071
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	30,684	22,352
Financing Receivable, Excluding Accrued Interest, Revolving	70,875	49,663
Loans, net of deferred loan fees and costs	238,441	228,641
Commercial | Commercial and Industrial Loan | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	329
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	227
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	651	158
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	132	54
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	106	81
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	889	849
Commercial | Commercial and Industrial Loan | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	671
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	913	341
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	300	29
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	10	1,380
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,399	307
Financing Receivable, Excluding Accrued Interest, Revolving	0	3,707
Loans, net of deferred loan fees and costs	2,622	6,435
Commercial | Commercial and Industrial Loan | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	713
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	699	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	1	222
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	347	0
Financing Receivable, Excluding Accrued Interest, Revolving	264	264
Loans, net of deferred loan fees and costs	1,311	1,199
Commercial | Commercial and Industrial Loan | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	178	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	291	131
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	469	131
Commercial | Equipment Finance
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	39,373	83,332
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	79,763	175,893
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	164,073	116,527
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	105,008	58,304
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	49,668	26,277
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	24,764	5,240
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	462,649	465,573
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	550
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	786	912
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	619	539
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	234	29
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	22	14
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	1,661	2,044
Commercial | Equipment Finance | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	39,373	83,332
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	79,525	172,704
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	160,248	113,363
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	101,153	57,295
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	48,273	25,552
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	23,964	4,854
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	452,536	457,100
Commercial | Equipment Finance | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	103	338
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	767	666
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	1,693	383
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	723	341
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	396	252
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	3,682	1,980
Commercial | Equipment Finance | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	206
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	125	134
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	125	340
Commercial | Equipment Finance | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	135	2,645
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	3,058	2,498
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	2,162	626
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	672	384
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	279	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	6,306	6,153
Commercial | Equipment Finance | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial | Municipal Loans
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	6,221	17,372
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	17,579	34,203
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	33,835	28,241
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	26,490	15,742
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	14,988	7,358
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	52,781	47,376
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	151,894	150,292
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	0	0
Commercial | Municipal Loans | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	6,221	17,372
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	17,579	34,203
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	33,835	28,241
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	26,490	15,742
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	14,988	7,358
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	52,781	47,376
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	151,894	150,292
Commercial | Municipal Loans | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial | Municipal Loans | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial | Municipal Loans | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Commercial | Municipal Loans | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Residential
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	10,123	27,201
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	32,249	168,001
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	176,278	172,128
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	167,695	113,872
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	111,602	49,217
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	184,825	145,237
Financing Receivable, Excluding Accrued Interest, Revolving	192,912	191,273
Loans, net of deferred loan fees and costs	875,684	866,929
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	13
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	3
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	12
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	0	4
Financing Receivable, Revolving, Writeoff	20	0
Charge-offs	20	32
Residential | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	10,123	27,201
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	32,249	167,618
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	175,896	171,870
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	167,439	113,872
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	111,602	49,015
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	180,171	140,298
Financing Receivable, Excluding Accrued Interest, Revolving	190,508	189,210
Loans, net of deferred loan fees and costs	867,988	859,084
Residential | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	360	511
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	360	511
Residential | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	383
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	382	258
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	256	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	202
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	4,275	4,405
Financing Receivable, Excluding Accrued Interest, Revolving	2,404	2,034
Loans, net of deferred loan fees and costs	7,317	7,282
Residential | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	19	23
Financing Receivable, Excluding Accrued Interest, Revolving	0	29
Loans, net of deferred loan fees and costs	19	52
Residential | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Residential | Construction Loans
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,131	7,669
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	13,289	64,716
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	52,100	18,841
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	15,098	4,002
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3,293	44
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	929	1,374
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	85,840	96,646
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	0	0
Residential | Construction Loans | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,131	7,669
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	13,289	64,716
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	52,100	18,841
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	15,098	4,002
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3,293	44
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	792	1,237
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	85,703	96,509
Residential | Construction Loans | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Residential | Construction Loans | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	137	137
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	137	137
Residential | Construction Loans | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Residential | Construction Loans | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Residential | One-To-Four Family Loan
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	8,992	19,532
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	18,960	103,285
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	124,178	153,287
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	152,597	109,870
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	108,309	49,173
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	183,896	143,863
Financing Receivable, Excluding Accrued Interest, Revolving	8,638	5,395
Loans, net of deferred loan fees and costs	605,570	584,405
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	13
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	3
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	12
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	0	4
Financing Receivable, Revolving, Writeoff	0	0
Charge-offs	0	32
Residential | One-To-Four Family Loan | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	8,992	19,532
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	18,960	102,902
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	123,796	153,029
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	152,341	109,870
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	108,309	48,971
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	179,379	139,061
Financing Receivable, Excluding Accrued Interest, Revolving	8,638	5,395
Loans, net of deferred loan fees and costs	600,415	578,760
Residential | One-To-Four Family Loan | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	360	511
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	360	511
Residential | One-To-Four Family Loan | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	383
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	382	258
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	256	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	202
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	4,138	4,268
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	4,776	5,111
Residential | One-To-Four Family Loan | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	19	23
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	19	23
Residential | One-To-Four Family Loan | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Residential | HELOC's Loan
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	184,274	185,878
Loans, net of deferred loan fees and costs	184,274	185,878
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Revolving, Writeoff	20	0
Charge-offs	20	0
Residential | HELOC's Loan | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	181,870	183,815
Loans, net of deferred loan fees and costs	181,870	183,815
Residential | HELOC's Loan | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Residential | HELOC's Loan | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	2,404	2,034
Loans, net of deferred loan fees and costs	2,404	2,034
Residential | HELOC's Loan | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	29
Loans, net of deferred loan fees and costs	0	29
Residential | HELOC's Loan | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Consumer Portfolio
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	4,484	26,569
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	24,733	51,687
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	46,919	14,673
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	13,054	9,885
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	8,586	6,485
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	8,025	4,210
Financing Receivable, Excluding Accrued Interest, Revolving	283	333
Loans, net of deferred loan fees and costs	106,084	113,842
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	6
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	37	401
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	166	118
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	85	34
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	35	11
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	2	9
Financing Receivable, Revolving, Writeoff	8	0
Charge-offs	333	579
Consumer Portfolio | Pass
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	4,484	26,569
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	24,641	51,351
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	46,441	14,408
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	12,824	9,672
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	8,416	6,313
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	7,763	4,068
Financing Receivable, Excluding Accrued Interest, Revolving	263	309
Loans, net of deferred loan fees and costs	104,832	112,690
Consumer Portfolio | Special Mention
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	0	0
Consumer Portfolio | Substandard
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	92	329
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	473	265
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	230	210
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	166	172
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	262	141
Financing Receivable, Excluding Accrued Interest, Revolving	20	24
Loans, net of deferred loan fees and costs	1,243	1,141
Consumer Portfolio | Doubtful
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	7
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	5	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	3
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	4	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	9	10
Consumer Portfolio | Loss
Financing Receivable, Recorded Investment
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	0	1
Financing Receivable, Excluding Accrued Interest, Revolving	0	0
Loans, net of deferred loan fees and costs	$ 0	$ 1

XML

Loans and Allowance for Credit Losses on Loans - Past Due Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	$ 3,648,152	$ 3,640,022
30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	5,815	13,807
90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	11,158	10,310
Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	16,973	24,117
Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	3,631,179	3,615,905
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	1,808,109	1,806,131
Commercial Real Estate | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	164	4,689
Commercial Real Estate | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	674	501
Commercial Real Estate | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	838	5,190
Commercial Real Estate | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	1,807,271	1,800,941
Commercial Real Estate | Construction Loans
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	304,727	305,269
Commercial Real Estate | Construction Loans | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Construction Loans | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Construction Loans | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Construction Loans | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	304,727	305,269
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	532,547	536,545
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	164	657
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	674	501
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	838	1,158
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	531,709	535,387
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	881,143	875,694
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	4,032
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	4,032
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	881,143	871,662
Commercial Real Estate | Multifamily Loan
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	89,692	88,623
Commercial Real Estate | Multifamily Loan | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Multifamily Loan | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Multifamily Loan | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial Real Estate | Multifamily Loan | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	89,692	88,623
Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	858,275	853,120
Commercial | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	3,630	6,385
Commercial | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	7,002	6,686
Commercial | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	10,632	13,071
Commercial | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	847,643	840,049
Commercial | Commercial and Industrial Loan
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	243,732	237,255
Commercial | Commercial and Industrial Loan | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	1,667	974
Commercial | Commercial and Industrial Loan | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	2,701	2,667
Commercial | Commercial and Industrial Loan | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	4,368	3,641
Commercial | Commercial and Industrial Loan | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	239,364	233,614
Commercial | Equipment Finance
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	462,649	465,573
Commercial | Equipment Finance | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	1,963	5,411
Commercial | Equipment Finance | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	4,301	4,019
Commercial | Equipment Finance | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	6,264	9,430
Commercial | Equipment Finance | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	456,385	456,143
Commercial | Municipal Loans
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	151,894	150,292
Commercial | Municipal Loans | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial | Municipal Loans | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial | Municipal Loans | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Commercial | Municipal Loans | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	151,894	150,292
Residential
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	875,684	866,929
Residential | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	1,604	2,198
Residential | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	3,095	2,822
Residential | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	4,699	5,020
Residential | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	870,985	861,909
Residential | Construction Loans
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	85,840	96,646
Residential | Construction Loans | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	0	0
Residential | Construction Loans | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	132	132
Residential | Construction Loans | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	132	132
Residential | Construction Loans | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	85,708	96,514
Residential | One-To-Four Family Loan
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	605,570	584,405
Residential | One-To-Four Family Loan | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	880	958
Residential | One-To-Four Family Loan | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	990	1,068
Residential | One-To-Four Family Loan | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	1,870	2,026
Residential | One-To-Four Family Loan | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	603,700	582,379
Residential | HELOC's Loan
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	184,274	185,878
Residential | HELOC's Loan | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	724	1,240
Residential | HELOC's Loan | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	1,973	1,622
Residential | HELOC's Loan | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	2,697	2,862
Residential | HELOC's Loan | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	181,577	183,016
Consumer Portfolio
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	106,084	113,842
Consumer Portfolio | 30-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	417	535
Consumer Portfolio | 90 Days+
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	387	301
Consumer Portfolio | Total
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	804	836
Consumer Portfolio | Current
Financing Receivable, Past Due [Line Items]
Loans, net of deferred loan fees and costs	$ 105,280	$ 113,006

XML

Loans and Allowance for Credit Losses on Loans - Schedule of Past Due Loans Still Accruing and Nonaccruing Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	$ 20,198	$ 19,333
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	1,632
Interest Income Recognized	107
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	5,173	5,018
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	956
Interest Income Recognized	23
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	1,071	912
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	5
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	4,033	4,032
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	956
Interest Income Recognized	17
Commercial Real Estate | Multifamily Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	69	74
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	1
Commercial
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	10,107	9,237
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	166
Interest Income Recognized	45
Commercial | Commercial and Industrial Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	3,544	2,774
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	166
Interest Income Recognized	19
Commercial | Equipment Finance
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	6,563	6,463
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	26
Residential
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	4,316	4,510
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	510
Interest Income Recognized	34
Residential | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	132	132
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	0
Residential | One-To-Four Family Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	1,861	2,205
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	22
Residential | HELOC's Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	2,323	2,173
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	510
Interest Income Recognized	12
Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	602	$ 568
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	$ 5

XML

Loans and Allowance for Credit Losses on Loans - Schedule of Allowance for Credit Losses on Financing Receivables After Adoption of ASU 2016-13 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 48,641	$ 38,859
Provision (benefit) for credit losses	1,145	8,360
Initial ACL on PCD loans		369
Charge-offs	(2,944)	(578)
Recoveries	660	493
Net (charge-offs) recoveries	(2,284)	(85)
Balance at end of period	47,502	47,503
Commercial Real Estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	20,323	15,059
Provision (benefit) for credit losses	(162)	6,262
Initial ACL on PCD loans		292
Charge-offs	(208)	0
Recoveries	0	0
Net (charge-offs) recoveries	(208)	0
Balance at end of period	19,953	21,613
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	17,025	12,382
Provision (benefit) for credit losses	1,435	2,413
Initial ACL on PCD loans		72
Charge-offs	(2,385)	(484)
Recoveries	545	275
Net (charge-offs) recoveries	(1,840)	(209)
Balance at end of period	16,620	14,658
Residential
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	9,285	9,048
Provision (benefit) for credit losses	(149)	(100)
Initial ACL on PCD loans		5
Charge-offs	(20)	(3)
Recoveries	41	172
Net (charge-offs) recoveries	21	169
Balance at end of period	9,157	9,122
Consumer Portfolio
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	2,008	2,370
Provision (benefit) for credit losses	21	(215)
Initial ACL on PCD loans		0
Charge-offs	(331)	(91)
Recoveries	74	46
Net (charge-offs) recoveries	(257)	(45)
Balance at end of period	$ 1,772	$ 2,110

XML

Loans and Allowance for Credit Losses on Loans - Breakdown Between Loans Identified as CDAs and Non-CDAs (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	$ 3,648,152	$ 3,640,022
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	1,808,109	1,806,131
Commercial Real Estate | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	304,727	305,269
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	532,547	536,545
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	881,143	875,694
Commercial Real Estate | Multifamily Loan
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	89,692	88,623
Commercial
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	858,275	853,120
Commercial | Commercial and Industrial Loan
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	243,732	237,255
Commercial | Equipment Finance
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	462,649	465,573
Commercial | Municipal Loans
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	151,894	150,292
Residential
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	875,684	866,929
Residential | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	85,840	96,646
Residential | One-To-Four Family Loan
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	605,570	584,405
Residential | HELOC's Loan
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	184,274	185,878
Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable
Loans, net of deferred loan fees and costs	106,084	113,842
Residential Property
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	510	510
Total collateral value	733	733
Residential Property | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Commercial Real Estate | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Commercial Real Estate | Multifamily Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Commercial
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Commercial | Commercial and Industrial Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Commercial | Equipment Finance
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Commercial | Municipal Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Residential
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	510	510
Residential Property | Residential | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Residential | One-To-Four Family Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Residential Property | Residential | HELOC's Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	510	510
Residential Property | Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Total collateral value	0	0
Investment Property | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Commercial Real Estate | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Commercial Real Estate | Multifamily Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Commercial
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Commercial | Commercial and Industrial Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Commercial | Equipment Finance
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Commercial | Municipal Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Residential
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Residential | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Residential | One-To-Four Family Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Residential | HELOC's Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Investment Property | Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	5,828	6,131
Total collateral value	5,175	5,627
Commercial Property | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	5,828	6,131
Commercial Property | Commercial Real Estate | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,519	1,821
Commercial Property | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	4,309	4,310
Commercial Property | Commercial Real Estate | Multifamily Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Commercial
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Commercial | Commercial and Industrial Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Commercial | Equipment Finance
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Commercial | Municipal Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Residential
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Residential | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Residential | One-To-Four Family Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Residential | HELOC's Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Commercial Property | Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	2,329	2,626
Total collateral value	796	686
Business Assets | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Commercial Real Estate | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Commercial Real Estate | Multifamily Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Commercial
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	2,329	2,626
Business Assets | Commercial | Commercial and Industrial Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,588	1,322
Business Assets | Commercial | Equipment Finance
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	741	1,304
Business Assets | Commercial | Municipal Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Residential
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Residential | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Residential | One-To-Four Family Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Residential | HELOC's Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Business Assets | Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Non-CDAs
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	3,639,485	3,630,755
Non-CDAs | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,802,281	1,800,000
Non-CDAs | Commercial Real Estate | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	304,727	305,269
Non-CDAs | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	531,028	534,724
Non-CDAs | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	876,834	871,384
Non-CDAs | Commercial Real Estate | Multifamily Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	89,692	88,623
Non-CDAs | Commercial
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	855,946	850,494
Non-CDAs | Commercial | Commercial and Industrial Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	242,144	235,933
Non-CDAs | Commercial | Equipment Finance
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	461,908	464,269
Non-CDAs | Commercial | Municipal Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	151,894	150,292
Non-CDAs | Residential
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	875,174	866,419
Non-CDAs | Residential | Construction Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	85,840	96,646
Non-CDAs | Residential | One-To-Four Family Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	605,570	584,405
Non-CDAs | Residential | HELOC's Loan
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	183,764	185,368
Non-CDAs | Consumer Portfolio
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	$ 106,084	$ 113,842

XML

Loans and Allowance for Credit Losses on Loans - Modified Financing Receivable (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Financing Receivable, Modifications
% of Total Class of Financing Receivable	0.06%
Principal Forgiveness
Financing Receivable, Modifications
Amortized cost	$ 0
Payment Delay
Financing Receivable, Modifications
Amortized cost	2,334
Term Extension
Financing Receivable, Modifications
Amortized cost	0
Interest Rate Adjustment
Financing Receivable, Modifications
Amortized cost	0
Combination Term Extension & Principal Forgiveness
Financing Receivable, Modifications
Amortized cost	0
Combination Term Extension & Interest Rate Reduction
Financing Receivable, Modifications
Amortized cost	$ 0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied
Financing Receivable, Modifications
% of Total Class of Financing Receivable	0.18%
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Principal Forgiveness
Financing Receivable, Modifications
Amortized cost	$ 0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Payment Delay
Financing Receivable, Modifications
Amortized cost	956
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Term Extension
Financing Receivable, Modifications
Amortized cost	0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Interest Rate Adjustment
Financing Receivable, Modifications
Amortized cost	0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Combination Term Extension & Principal Forgiveness
Financing Receivable, Modifications
Amortized cost	0
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Combination Term Extension & Interest Rate Reduction
Financing Receivable, Modifications
Amortized cost	$ 0
Commercial | Commercial and Industrial Loan
Financing Receivable, Modifications
% of Total Class of Financing Receivable	0.57%
Commercial | Commercial and Industrial Loan | Principal Forgiveness
Financing Receivable, Modifications
Amortized cost	$ 0
Commercial | Commercial and Industrial Loan | Payment Delay
Financing Receivable, Modifications
Amortized cost	1,378
Commercial | Commercial and Industrial Loan | Term Extension
Financing Receivable, Modifications
Amortized cost	0
Commercial | Commercial and Industrial Loan | Interest Rate Adjustment
Financing Receivable, Modifications
Amortized cost	0
Commercial | Commercial and Industrial Loan | Combination Term Extension & Principal Forgiveness
Financing Receivable, Modifications
Amortized cost	0
Commercial | Commercial and Industrial Loan | Combination Term Extension & Interest Rate Reduction
Financing Receivable, Modifications
Amortized cost	$ 0

XML

Deposit Accounts - Schedule of Deposit Accounts (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Noninterest-bearing accounts	$ 773,901	$ 784,950
NOW accounts	600,561	591,270
Money market accounts	1,308,467	1,246,807
Savings accounts	191,302	194,486
Certificates of deposit	925,576	843,860
Deposits	3,799,807	3,661,373
Deposits received from executive officers and directors and their associates	$ 1,314	$ 1,555

XML

Deposit Accounts - Schedule of Maturities of Certificates of Deposit (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Deposits [Abstract]
Remainder of 2024	$ 727,808
2025	185,736
2026	5,855
2027	4,087
2028	1,562
Thereafter	528
Total	$ 925,576

XML

Deposit Accounts - Certificates of Deposit With Balances of $250 Or Greater (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Certificates of deposit with balances of $250 or greater	$ 144,616	$ 118,035

XML

Borrowings - Junior Subordinated Debentures (Details) - USD ($) $ in Thousands		3 Months Ended
	Feb. 21, 2007	Mar. 31, 2024	Feb. 12, 2023
Quantum
Debt Instrument [Line Items]
Business acquisition, percentage of voting interests acquired			100.00%
Junior Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 11,341
Junior Subordinated Debt | SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.20%
Debt instrument, interest rate, effective percentage		7.50%
Quantum
Debt Instrument [Line Items]
Trust preferred securities	$ 11,000

XML

Borrowings - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Balance	$ 291,513	$ 433,763
Weighted Average Rate	5.69%	5.64%
FHLB advances (short-term)
Debt Instrument [Line Items]
Balance	$ 0	$ 105,000
Weighted Average Rate	0.00%	5.44%
FRB advances (short-term)
Debt Instrument [Line Items]
Balance	$ 276,000	$ 310,000
Weighted Average Rate	5.50%	5.50%
Revolving lines of credit
Debt Instrument [Line Items]
Balance	$ 15,513	$ 18,763
Weighted Average Rate	9.00%	9.00%

XML

Borrowings - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) bank	Dec. 31, 2023 USD ($) bank
Debt Instrument [Line Items]
Amount available to borrow in additional FHLB advances	$ 170,017	$ 72,766
Number of unaffiliated banks | bank	3	3
Balance	$ 291,513	$ 433,763
Revolving lines of credit
Debt Instrument [Line Items]
Balance	15,513	18,763
Line of credit facility, maximum borrowing capacity	$ 40,000	40,000
Revolving lines of credit | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
FRB | Revolving lines of credit
Debt Instrument [Line Items]
Unused line of credit	$ 80,602	55,254
Unaffiliated Banks | Revolving lines of credit
Debt Instrument [Line Items]
Unused line of credit	$ 149,487	$ 146,237

XML

Leases - Supplement Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Renewal term (in years)	15 years
ROU assets	$ 8,967	$ 9,259
Lease liabilities	$ 10,625	$ 10,975
Weighted-average remaining lease terms (years)	8 years 7 months 6 days	8 years 9 months 18 days
Weighted-average discount rate	3.43%	3.41%

XML

Leases - Maturity Schedule for Finance and Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Operating Leases
Remainder of 2024	$ 1,392
2025	1,712
2026	1,703
2027	1,727
2028	1,535
Thereafter	4,370
Total undiscounted minimum lease payments	12,439
Less: amount representing interest	(1,814)
Lease liabilities	$ 10,625	$ 10,975

XML

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating lease cost (included in occupancy expense, net)	$ 406	$ 394
Variable lease cost (included in occupancy expense, net)	1	3
Sublease income (included in other noninterest income)	(42)	(42)
Total operating lease expense, net	$ 365	$ 355

XML

Leases - Lessee - Finance Lease (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023
Leases [Abstract]
Payments to acquire real estate		$ 1,249
Finance lease, interest expense	$ 15

XML

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
ROU assets - noncash additions (operating leases)	$ 24	$ 0
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	378	363
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	$ 0	$ 22

XML

Leases - Lessor, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Lessor, Lease, Description [Line Items]
Leased asset	$ 29,713		$ 30,121
Operating lease, residual value of leased asset	13,917		14,958
Direct financing lease, interest income	$ 1,055	$ 860
Direct financing lease, lease receivable			$ 70,150
Minimum
Lessor, Lease, Description [Line Items]
Term of contract	1 year
Maximum
Lessor, Lease, Description [Line Items]
Term of contract	7 years

XML

Leases - Total Equipment Finance Operating Lease Income and Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating lease income	$ 1,859	$ 1,505
Depreciation expense	$ 1,643	$ 1,266

XML

Leases - Lessor, Fiscal Year Maturity Schedule (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Remainder of 2024	$ 5,546
2025	6,042
2026	4,120
2027	1,529
2028	1,253
Thereafter	2,373
Total of future minimum payments	20,863
Financing Leases
Remainder of 2024	19,700
2025	20,943
2026	16,821
2027	12,171
2028	5,847
Thereafter	4,503
Total undiscounted minimum lease payments	79,985
Less: amount representing interest	(10,543)
Total lease receivable	$ 69,442

XML

Equity Incentive Plan - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested, number of shares (in shares)	48,970	76,810
Remaining contractual life (years)	4 years 6 months	5 years 3 months 18 days	4 years 7 months 6 days	3 years 10 months 24 days
Options outstanding (in shares)		76,810
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized	$ 340	$ 529
Remaining contractual life (years)	5 years	5 years
Compensation cost not yet recognized, period for recognition (in years)	1 year 6 months	1 year 9 months 18 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized, period for recognition (in years)	2 years 2 months 12 days	2 years
Compensation not yet recognized, share-based awards other than options	$ 3,966	$ 3,628
Non-option equity instruments, outstanding (in shares)	166,886	149,619
2022 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,000,000

XML

Equity Incentive Plan Equity Incentive Plan - Share Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Share-based compensation expense	$ 413	$ 434
Tax benefit	$ 97	$ 102

XML

Equity Incentive Plan - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Options
Options Outstanding, Beginning of Period (in shares)	534,350	849,623	849,623
Exercised (in shares)	(10,000)	(277,549)
Forfeited (in shares)		(1,500)
Options Outstanding, End of period (in shares)	524,350	570,574	534,350	849,623
Exercisable (in shares)	475,380	493,764
Weighted-Average Exercise Price
Options Outstanding, Beginning of Period (in usd per share)	$ 25.85	$ 22.06	$ 22.06
Exercised (in usd per share)	15.80	14.65
Forfeited (in usd per share)		14.37
Options Outstanding, End of Period (in usd per share)	26.04	25.68	$ 25.85	$ 22.06
Exercisable (in usd per share)	$ 25.86	$ 25.39
Remaining contractual life (years)	4 years 6 months	5 years 3 months 18 days	4 years 7 months 6 days	3 years 10 months 24 days
Exercisable (in years)	4 years 2 months 12 days	4 years 10 months 24 days
Aggregate intrinsic value	$ 848	$ 327	$ 776	$ 2,958
Aggregate intrinsic value	$ 774	$ 287
Non-vested Options
Nonvested, number of shares (in shares)	48,970	76,810
Nonvested, weighted average grant date fair value (in dollars per share)	$ 27.77	$ 27.55
Nonvested, contractual term (in years)	7 years 4 months 24 days	8 years 2 months 12 days
Nonvested, intrinsic value	$ 74	$ 40

XML

Equity Incentive Plan - Schedule of Nonvested Restricted Stock Units and Performance-Based Restricted Stock Units Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Weighted- Average Grant Date Fair Value
Aggregate intrinsic value	$ 774	$ 287
Restricted Stock
Restricted Stock Awards(1)
Non-vested, Beginning Balance (in shares)	106,143	100,992
Granted (in shares)	56,480	53,339
Vested (in shares)	(36,637)	(41,588)
Non-vested, Ending Balance (in shares)	125,986	112,743
Weighted- Average Grant Date Fair Value
Non-vested, Beginning Balance (in usd per share)	$ 27.70	$ 27.28
Granted (in usd per share)	26.58	27.45
Vested (in usd per share)	27.26	27.47
Non-vested, Ending Balance (in usd per share)	$ 27.31	$ 27.14
Aggregate intrinsic value	$ 4,563	$ 3,916	$ 3,530	$ 2,033
Restricted Stock | Share-Based Payment Arrangement, Nonemployee
Weighted- Average Grant Date Fair Value
Vesting period	1 year
Restricted Stock | Share-Based Payment Arrangement, Employee
Weighted- Average Grant Date Fair Value
Vesting period	5 years
Performance-Based Restricted Stock Units
Restricted Stock Awards(1)
Non-vested, Beginning Balance (in shares)	25,001	22,843
Granted (in shares)	15,899	17,519
Vested (in shares)	0	0
Non-vested, Ending Balance (in shares)	40,900	40,362
Weighted- Average Grant Date Fair Value
Vesting period	3 years

XML

Net Income per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator
Net income	$ 15,067	$ 6,734
Allocation of earnings to participating securities	(148)	(64)
Numerator for basic and diluted EPS - net income available to common stockholders	$ 14,919	$ 6,670
Denominator
Weighted-average common shares outstanding - basic (in shares)	16,859,738	16,021,994
Dilutive effect of assumed exercises of stock options (in shares)	13,102	55,122
Weighted-average common shares outstanding - diluted (in shares)	16,872,840	16,077,116
Net income per share - basic (in dollars per share)	$ 0.88	$ 0.40
Net income per share - diluted (in dollars per share)	$ 0.88	$ 0.40

XML

Net Income per Share - Antidilutive Stock Options (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	111,350	112,250

XML

Commitments and Contingencies - Loan Commitments Outstanding (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2023
Other Commitments
Variable rate commitments	$ 43,272		$ 42,826
Fixed rate commitments	35,886		27,682
Total loan commitments	79,158		70,508
Unused commitments to extend credit	$ 690,540	$ 690,566	$ 690,566
Minimum
Other Commitments
Range of fixed interest rates	2.11%	2.11%	2.11%
Loan Commitments Terms		3 years
Maximum
Other Commitments
Range of fixed interest rates	11.50%	11.25%	11.25%
Loan Commitments Terms		30 years
Construction and development
Other Commitments
Unused commitments to extend credit	$ 170,143	$ 170,425	$ 170,425

XML

Commitments and Contingencies - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) investment	Dec. 31, 2023 USD ($) investment
Other Commitments
Committed capital, SBIC investments	$ 28,000	$ 24,000
Number of SBIC investments for committed capital | investment	9	8
Committed capital, SBIC investments, remaining to be drawn	$ 10,884	$ 7,984
Letters of credit outstanding	$ 50,887	$ 50,897

XML

Fair Value of Financial Instruments - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-Sale Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 120,807	$ 126,950
Available-for-Sale Securities | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Available-for-Sale Securities | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	120,807	126,950
Available-for-Sale Securities | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
MBS, residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	113,181	104,499
MBS, residential | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
MBS, residential | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	113,181	104,499
MBS, residential | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	3,389	3,409
Municipal bonds | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Municipal bonds | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	3,389	3,409
Municipal bonds | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	4,237	19,042
Corporate bonds | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Corporate bonds | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	4,237	19,042
Corporate bonds | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	2,764	3,359
Loans held for sale | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Loans held for sale | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	2,764	3,359
Loans held for sale | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 0	$ 0

XML

Fair Value of Financial Instruments - Schedule of Fair Value Measurements, Nonrecurring (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 4,288	$ 1,124
Commercial | Commercial Real Estate Loan, Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	3,492	438
Commercial | Commercial Real Estate Loan, Non-Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	24
Commercial | Commercial and Industrial Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	121	108
Commercial | Equipment Finance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	651	578
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 1 | Commercial | Commercial Real Estate Loan, Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 1 | Commercial | Commercial Real Estate Loan, Non-Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0
Fair Value, Inputs, Level 1 | Commercial | Commercial and Industrial Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 1 | Commercial | Equipment Finance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 2 | Commercial | Commercial Real Estate Loan, Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 2 | Commercial | Commercial Real Estate Loan, Non-Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0
Fair Value, Inputs, Level 2 | Commercial | Commercial and Industrial Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 2 | Commercial | Equipment Finance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	4,288	1,124
Fair Value, Inputs, Level 3 | Commercial | Commercial Real Estate Loan, Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	3,492	438
Fair Value, Inputs, Level 3 | Commercial | Commercial Real Estate Loan, Non-Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	24
Fair Value, Inputs, Level 3 | Commercial | Commercial and Industrial Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	121	108
Fair Value, Inputs, Level 3 | Commercial | Equipment Finance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 651	$ 578

XML

Fair Value of Financial Instruments - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Inputs, Level 1 | Cash and interest-bearing deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	$ 380,493	$ 347,140
Fair Value, Inputs, Level 1 | Certificates of deposit in other banks
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Small Business Investment Company Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	2,764	3,359
Fair Value, Inputs, Level 1 | Loans held for sale, at the lower of cost or fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Loans, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Accrued interest receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	218	107
Fair Value, Inputs, Level 1 | Noninterest-bearing and NOW deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Savings accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Junior Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Other borrowings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 1 | Accrued interest payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 2 | Cash and interest-bearing deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 2 | Certificates of deposit in other banks
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	33,625	34,722
Fair Value, Inputs, Level 2 | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	120,807	126,950
Fair Value, Inputs, Level 2 | Small Business Investment Company Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 2 | Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 2 | Loans held for sale, at the lower of cost or fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 2 | Loans, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 2 | Accrued interest receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	539	656
Fair Value, Inputs, Level 2 | Noninterest-bearing and NOW deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	1,374,462	1,376,220
Fair Value, Inputs, Level 2 | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	1,308,467	1,246,807
Fair Value, Inputs, Level 2 | Savings accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	191,302	194,486
Fair Value, Inputs, Level 2 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	921,456	839,501
Fair Value, Inputs, Level 2 | Junior Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	9,838	9,767
Fair Value, Inputs, Level 2 | Other borrowings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	291,499	433,747
Fair Value, Inputs, Level 2 | Accrued interest payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	8,753	6,849
Fair Value, Inputs, Level 3 | Cash and interest-bearing deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Certificates of deposit in other banks
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Small Business Investment Company Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	14,568	13,789
Fair Value, Inputs, Level 3 | Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Loans held for sale, at the lower of cost or fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	222,753	200,869
Fair Value, Inputs, Level 3 | Loans, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	3,464,898	3,472,491
Fair Value, Inputs, Level 3 | Accrued interest receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	16,187	16,139
Fair Value, Inputs, Level 3 | Noninterest-bearing and NOW deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Savings accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Junior Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Other borrowings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Fair Value, Inputs, Level 3 | Accrued interest payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	0	0
Carrying Value | Cash and interest-bearing deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	380,493	347,140
Carrying Value | Certificates of deposit in other banks
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	33,625	34,722
Carrying Value | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	120,807	126,950
Carrying Value | FHLB Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	13,691	18,393
Carrying Value | Small Business Investment Company Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	14,568	13,789
Carrying Value | Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	2,764	3,359
Carrying Value | Loans held for sale, at the lower of cost or fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	220,699	198,433
Carrying Value | Loans, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	3,600,650	3,591,381
Carrying Value | Accrued interest receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	16,944	16,902
Carrying Value | Noninterest-bearing and NOW deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	1,374,462	1,376,220
Carrying Value | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	1,308,467	1,246,807
Carrying Value | Savings accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	191,302	194,486
Carrying Value | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	925,576	843,860
Carrying Value | Junior Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	10,045	10,021
Carrying Value | Other borrowings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	291,513	433,763
Carrying Value | Accrued interest payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	8,753	6,849
Fair Value | Cash and interest-bearing deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	380,493	347,140
Fair Value | Certificates of deposit in other banks
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	33,625	34,722
Fair Value | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	120,807	126,950
Fair Value | Small Business Investment Company Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	14,568	13,789
Fair Value | Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	2,764	3,359
Fair Value | Loans held for sale, at the lower of cost or fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	222,753	200,869
Fair Value | Loans, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	3,464,898	3,472,491
Fair Value | Accrued interest receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	16,944	16,902
Fair Value | Noninterest-bearing and NOW deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	1,374,462	1,376,220
Fair Value | Money market accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	1,308,467	1,246,807
Fair Value | Savings accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	191,302	194,486
Fair Value | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	921,456	839,501
Fair Value | Junior Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	9,838	9,767
Fair Value | Other borrowings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	291,499	433,747
Fair Value | Accrued interest payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instruments owned	$ 8,753	$ 6,849

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Fair Value of Financial Instruments - Narrative (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value off-balance sheet risks, amount, liability	$ 990,728	$ 982,397
Minimum | Fair Value, Inputs, Level 3 | Real Estate Loans | Collateral discounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 fair value measurements during the period	0.08
Minimum | Fair Value, Inputs, Level 3 | Real Estate Loans | Discount Spread
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 fair value measurements during the period	0.05
Maximum | Fair Value, Inputs, Level 3 | Real Estate Loans | Collateral discounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 fair value measurements during the period	0.12
Maximum | Fair Value, Inputs, Level 3 | Real Estate Loans | Discount Spread
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 fair value measurements during the period	0.15