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Loans (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of Composition of Loan Portfolio The following table shows the composition of the Company's loan portfolio as of December 31, 2023 and 2022:
 December 31, 2023December 31, 2022
Commercial
   Real Estate Owner Occupied$314,819,000 14.8 %$256,623,000 13.4 %
   Real Estate Non-Owner Occupied393,636,000 18.5 %363,660,000 19.0 %
   Construction88,673,000 4.2 %93,907,000 4.9 %
   C&I356,787,000 16.8 %319,359,000 16.7 %
     Multifamily 93,476,000 4.4 %79,057,000 4.1 %
Municipal51,423,000 2.4 %40,619,000 2.1 %
Residential
   Term674,855,000 31.6 %597,404,000 31.2 %
   Construction32,358,000 1.5 %49,907,000 2.6 %
Home Equity
      Revolving and Term104,026,000 4.9 %93,075,000 4.9 %
Consumer19,401,000 0.9 %21,063,000 1.1 %
Total loans$2,129,454,000 100.0 %$1,914,674,000 100.0 %
Summary of Loans to Directors and Executive Officers A summary of loans to directors and executive officers is as follows:
For the years ended December 31,20232022
Balance at beginning of year$29,490,000 $26,307,000 
New loans 9,921,000 5,159,000 
Repayments(5,598,000)(1,976,000)
Retired director(289,000)— 
Balance at end of year$33,524,000 $29,490,000 
Schedule of Past Due Loans Aging Information on the past-due status of loans by class of financing receivable as of December 31, 2023, is presented in the following table:
30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due		All
Past Due		CurrentTotal90+ Days
&
Accruing
Commercial
   Real Estate Owner Occupied$— $— $— $— $314,819,000 $314,819,000 $— 
   Real Estate Non-Owner Occupied— — — — 393,636,000 393,636,000 — 
   Construction— 9,000 8,000 17,000 88,656,000 88,673,000 — 
   C&I714,000 35,000 120,000 869,000 355,918,000 356,787,000 10,000 
     Multifamily— — — — 93,476,000 93,476,000 — 
Municipal31,000 — — 31,000 51,392,000 51,423,000 — 
Residential
   Term254,000 818,000 728,000 1,800,000 673,055,000 674,855,000 360,000 
   Construction— — — — 32,358,000 32,358,000 — 
Home Equity
      Revolving and Term495,000 95,000 26,000 616,000 103,410,000 104,026,000 — 
Consumer475,000 22,000 58,000 555,000 18,846,000 19,401,000 59,000 
Total$1,969,000 $979,000 $940,000 $3,888,000 $2,125,566,000 $2,129,454,000 $429,000 

Information on the past-due status of loans by class of financing receivable as of December 31, 2022, is presented in the following table:
 30-59 Days Past Due60-89 Days Past Due90+ Days Past DueAll Past DueCurrentTotal90+ Days & Accruing
Commercial
   Real estate$— $3,000 $190,000 $193,000 $699,147,000 $699,340,000 $— 
   Construction— — — — 93,907,000 93,907,000 — 
   Other118,000 23,000 85,000 226,000 319,133,000 319,359,000 34,000 
Municipal— — — — 40,619,000 40,619,000 — 
Residential
   Term135,000 33,000 284,000 452,000 596,952,000 597,404,000 118,000 
   Construction— — — — 49,907,000 49,907,000 — 
Home equity line of credit241,000 29,000 151,000 421,000 92,654,000 93,075,000 86,000 
Consumer131,000 33,000 3,000 167,000 20,896,000 21,063,000 3,000 
Total$625,000 $121,000 $713,000 $1,459,000 $1,913,215,000 $1,914,674,000 $241,000 
Schedule of Nonaccrual Loans
The following table presents the amortized costs basis of loans on nonaccrual status as of as of December 31, 2023 and 2022 is presented in the following table:
As of December 31,20232022
Nonaccrual with Allowance for Credit LossNonaccrual with no Allowance for Credit LossTotal NonaccrualTotal Nonaccrual
Commercial
   Real Estate Owner Occupied$— $— $— $193,000 
   Real Estate Non-Owner Occupied— — — — 
   Construction— 29,000 29,000 23,000 
   C&I354,000 184,000 538,000 663,000 
      Multifamily— — — — 
Municipal— — — — 
Residential
   Term304,000 1,011,000 1,315,000 572,000 
   Construction— — — — 
Home Equity
      Revolving and Term— 296,000 296,000 304,000 
Consumer— — — — 
Total$658,000 $1,520,000 $2,178,000 $1,755,000 
Schedule of Individually Analyzed Loans by Class of Financing Receivable
The following table presents the amortized cost basis of collateral-dependent loans as of December 31, 2023 by collateral type:
Collateral Type
Residential Real EstateTotal
Commercial
   Real Estate Owner Occupied $— $— 
   Real Estate Non-Owner Occupied——
   Construction——
   C&I——
Multifamily——
Municipal——
Residential
   Term685,000685,000
   Construction——
Home Equity
   Revolving and Term——
Consumer——
Total$685,000 $685,000 
Prior to the adoption of ASU 2022-02 all loans on non-accrual or classified as a TDR were considered impaired. A breakdown of impaired loans by class of financing receivable as of December 31, 2022, is presented in the following table:
 Recorded InvestmentUnpaid
Principal Balance		Related AllowanceAverage
Recorded Investment		Recognized Interest
Income
With No Related Allowance
Commercial
Real estate$1,236,000 $1,532,000 $— $1,440,000 $50,000 
Construction685,000 687,000 — 81,000 35,000 
Other301,000 348,000 — 408,000 13,000 
Municipal— — — — — 
Residential
Term1,833,000 2,035,000 — 4,507,000 56,000 
Construction— — — — — 
Home equity line of credit304,000 340,000 — 295,000 — 
Consumer— — — 1,000 — 
 $4,359,000 $4,942,000 $— $6,732,000 $154,000 
With an Allowance Recorded
Commercial     
Real estate$— $— $— $11,000 $— 
Construction— — — 606,000 — 
Other545,000 647,000 298,000 693,000 — 
Municipal— — — — — 
Residential
Term1,256,000 1,259,000 100,000 1,486,000 50,000 
Construction— — — — — 
Home equity line of credit— — — 8,000 — 
Consumer— — — — — 
 $1,801,000 $1,906,000 $398,000 $2,804,000 $50,000 
Total
Commercial
Real estate$1,236,000 $1,532,000 $— $1,451,000 $50,000 
Construction685,000 687,000 — 687,000 35,000 
Other846,000 995,000 298,000 1,101,000 13,000 
Municipal— — — — — 
Residential
Term3,089,000 3,294,000 100,000 5,993,000 106,000 
Construction— — — — — 
Home equity line of credit304,000 340,000 — 303,000 — 
Consumer— — — 1,000 — 
 $6,160,000 $6,848,000 $398,000 $9,536,000 $204,000 
Substantially all interest income recognized on impaired loans for all classes of financing receivables was recognized on a cash basis as received.
A breakdown of impaired loans by category as of December 31, 2021, is presented in the following table:
Recorded InvestmentUnpaid
Principal Balance		Related AllowanceAverage
Recorded Investment		Recognized Interest
Income
With No Related Allowance
Commercial
Real estate$1,386,000 $1,689,000 $— $1,590,000 $63,000 
Construction28,000 28,000 — 22,000 — 
Other917,000 1,009,000 — 1,051,000 15,000 
Municipal— — — — — 
Residential
Term6,178,000 7,238,000 — 6,429,000 87,000 
Construction— — — — — 
Home equity line of credit457,000 487,000 — 461,000 — 
Consumer2,000 2,000 — — 1,000 
$8,968,000 $10,453,000 $— $9,553,000 $166,000 
With an Allowance Recorded
Commercial
Real estate$42,000 $71,000 $42,000 $614,000 $— 
Construction661,000 661,000 16,000 661,000 22,000 
Other386,000 411,000 381,000 396,000 — 
Municipal— — — — — 
Residential
Term1,995,000 2,164,000 137,000 1,897,000 54,000 
Construction— — — — — 
Home equity line of credit— — — — — 
Consumer— — — — — 
$3,084,000 $3,307,000 $576,000 $3,568,000 $76,000 
Total
Commercial
Real estate$1,428,000 $1,760,000 $42,000 $2,204,000 $63,000 
Construction689,000 689,000 16,000 683,000 22,000 
Other1,303,000 1,420,000 381,000 1,447,000 15,000 
Municipal— — — — — 
Residential
Term8,173,000 9,402,000 137,000 8,326,000 141,000 
Construction— — — — — 
Home equity line of credit457,000 487,000 — 461,000 — 
Consumer2,000 2,000 — — 1,000 
$12,052,000 $13,760,000 $576,000 $13,121,000 $242,000 
Schedule of Troubled Debt Restructurings on Financing Receivables
The following tables represent loan modifications made to borrowers experiencing financial difficulty by modification type and class of financing receivable, during the year ended December 31, 2023:

Term Extension
Amortized Cost Basis at December 31, 2023
% of Total Class of Financing Receivable
Consumer$13,0000.07%
  Total$13,000

Payment Deferral
Amortized Cost Basis at December 31, 2023
% of Total Class of Financing Receivable
C&I$114,0000.03%
Consumer23,0000.12%
  Total$137,000

Payment Deferral & Term Extension
Amortized Cost Basis at December 31, 2023
% of Total Class of Financing Receivable
Commercial real estate owner occupied$786,0000.25%
C&I174,0000.05%
  Total$960,000

The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023:

Term Extension
Financial Effect
Consumer
Extended Term 90 days

Payment Deferral
Financial Effect
C&ITemporary payment accommodation, payments deferred to end of loan
ConsumerTemporary payment accommodation, payments deferred to end of loan

Payment Deferral & Term Extension
Financial Effect
Commercial real estate owner occupied
Temporary payment accommodation, payments deferred to end of loan - Extended Term 90 days
C&I
Temporary payment accommodation, payments deferred to end of loan - Extended Term 90 days
The Company monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified during the year ended December 31, 2023:

Payment Status (Amortized Cost Basis)
Current30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due
Commercial real estate owner occupied$786,000 $— $— $— 
C&I269,000 19,000 — — 
Consumer36,000 — — — 
  Total$1,091,000 $19,000 $— $— 
The following table shows TDRs by class and the specific reserve as of December 31, 2022:
Number of LoansBalanceSpecific Reserves
Commercial
Real estate5 $1,044,000 $— 
Construction1 661,000 — 
Other3 361,000 81,000 
Municipal— — — 
Residential
Term20 2,678,000 100,000 
Construction— — — 
Home equity line of credit— — — 
Consumer— — — 
 29 $4,744,000 $181,000 
As of December 31, 2022, one of the loans classified as TDR with a total balance of $97,000 was more than 30 days past due. The following table shows past-due TDRs by class and the associated specific reserves included in the allowance for loan losses as of December 31, 2022:
Number of LoansBalanceSpecific Reserves
Commercial
Real estate— $— $— 
Construction— — — 
Other1 97,000 — 
Municipal— — — 
Residential
Term— — — 
Construction— — — 
Home equity line of credit— — — 
Consumer— — — 
 1 $97,000 $— 
For the year ended December 31, 2022, one loan was placed in TDR status. The following table shows this TDR by class and the associated specific reserves included in the allowance for loan losses as for December 31, 2022.
Number of LoansPre-Modification
Outstanding
Recorded Investment		Post-Modification Outstanding
Recorded
Investment		Specific Reserves
Commercial
Real estate— $— $— $— 
Construction— — — — 
Other— — — — 
Municipal— — — — 
Residential
Term1 38,000 38,000 — 
Construction— — — — 
Home equity line of credit— — — — 
Consumer— — — — 
 1 $38,000 $38,000 $—