0001562762-24-000269 | 10-Q | XBRL Viewer | Uscb Financial Holdings INC

Print Document

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2024
Stockholders' Equity [Abstract]
Stockholders' Equity	8. STOCKHOLDERS’ EQUITY Common Stock In July 2021, the Bank completed the initial public offering of its Class A common stock, in which it issued and sold 4,600,000 shares of Class A common stock at a price of $ 10.00 per share. The Bank received total net proceeds of $ 40.0 million after deducting underwriting discounts and expenses. In December 2021, the Company acquired all the issued and outstanding shares of the Class A common stock of the Bank, which at the time were the only issued and outstanding shares of the Bank’s capital stock, in a share exchange (the “Reorganization”) effected under the Florida Business Corporation Act. Each outstanding share of the Bank’s Class A common stock, par value $ 1.00 per share, formerly held by its shareholders was converted into and exchanged for one newly issued share of the Company’s Class A common stock, par value $ 1.00 per share, and the Bank became the Company’s wholly owned subsidiary. In the Reorganization, each shareholder of the Bank received securities of the same class, having substantially the same designations, rights, powers, preferences, qualifications, limitations and restrictions, as those that the shareholder held in the Bank, and the Company’s then current shareholders owned the same percentages of the Company’s common stock as they previously owned of the Bank’s common stock. During the first quarter 2024, the Company issued 52,753 shares of Class A common stock to employees as restricted stock awards pursuant to the Company’s 2015 equity incentive plan . During the first quarter 2023, the Company issued 121,627 shares of Class A common stock to employees and directors as restricted stock awards pursuant to the Company’s 2015 equity incentive plan. As previously announced, on April 22, 2024, the Board of Directors approved a new share repurchase program of up to 500,000 shares of Class A common stock or approximately 2.5 % of the Company’s issued and outstanding shares of common stock. Under the repurchase program, the Company may purchase shares of Class A common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions, or other means. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time. The new repurchase program will commence upon completion of the Company’s current repurchase program. Repurchases under this new program will be funded from the Company’s existing cash and cash equivalents or future cash flow. During the three months ended September 30, 2024, the Company repurchased 10,000 shares of Class A common stock at a weighted average price per share of $ 11.99 . The aggregate purchase price for these transactions was approximately $ 120 thousand, including transaction costs. These repurchases were made pursuant to the Company’s publicly announced repurchase programs. As of September 30, 2024, 537,980 shares remained authorized for repurchase under the Company’s two stock repurchase programs. During the nine months ended September 30, 2023, the Company repurchased 577,603 shares of Class A common stock at a weighted average price per share of $ 9.77 . The aggregate purchase price for these transactions was approximately $ 6.6 million, including transaction costs. In addition, the Company will provide prior notification to the Federal Reserve prior to effecting proposed share repurchases in new share repurchase programs. Shares of the Company’s Class A common stock issued and outstanding as of September 30, 2024 and December 31, 2023 were 19,620,632 and 19,575,435 , respectively. See Note 11, Subsequent Events, for information regarding issuance of Class A common stock to employees in October 2024. Dividends Declaration of dividends by the Board is required before dividend payments are made. The Company is limited in the amount of cash dividends that it may pay. Payment of dividends is generally limited to the Company’s net income of the current year combined with the Company’s retained income for the preceding two years, as defined by state banking regulations. However, for any dividend declaration, the Company must consider additional factors such as the amount of current period net income, liquidity, asset quality, capital adequacy and economic conditions at the Bank since the Bank is the primary source of funds to fund dividends by the Company. It is likely that these factors would further limit the amount of dividends which the Company could declare. In addition, bank regulators have the authority to prohibit banks and bank holding companies from paying dividends if they deem such payment to be an unsafe or unsound practice. As of September 30, 2024, the Company was not subject to any formal supervisory restrictions on its ability to pay dividends but will notify the Federal Reserve Bank of Atlanta in advance of any proposed dividend to the Company's shareholders in light of the Bank's negative retained earnings. In addition, under applicable FDIC regulations and policy, because the Bank has negative retained earnings, it must obtain the prior approval of the FDIC before effecting a cash dividend or other capital distribution. On January 29, 2024, the Company announced that its Board of Directors approved a quarterly cash dividend program. The quarterly dividend for the first quarter of 2024 was $ 0.05 per share of Class A common stock, paid on March 5, 2024, to stockholders of record as of the close of business on February 15, 2024. The aggregate distribution in connection with the first quarter dividend was $ 1.0 million. The quarterly dividend for the second quarter was $ 0.05 per share of Class A common stock, paid on June 5, 2024, to stockholders of record as of the close of business on May 15, 2024. The aggregate distribution on connection with the second quarter dividend was $ 1.0 million. The quarterly dividend for the third quarter was $ 0.05 per share of Class A common stock, paid on September 5, 2024, to stockholders of record as of the close of business on August 15, 2024. The aggregate distribution on connection with the second quarter dividend was $ 1.0 million. No dividends were declared by the Board for the stockholders for the three months and nine months ended September 30, 2023. See Note 11, Subsequent Events, for information regarding dividends declared in October 2024. The following table details the dividends declared and paid by the Company during the three months and nine months ended September 30, 2024: The Company and the Bank exceeded all regulatory capital requirements and remained above “well-capitalized” guidelines as of September 30, 2024 and December 31, 2023. At September 30, 2024, the total risk-based capital ratios for the Bank was 13.14 %. Declaration Date Record Date Payment Date Dividend Per Share Dividend Amount January 22, 2024 February 15, 2024 March 5, 2024 $ 0.05 $ 1.0 million April 22, 2024 May 15, 2024 June 5, 2024 $ 0.05 $ 1.0 million July 22, 2024 August 15, 2024 September 5, 2024 $ 0.05 $ 1.0 million

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Derivatives (Tables)	9 Months Ended
Derivatives (Tables)	Sep. 30, 2024
Derivatives [Abstract]
Summary of Interest Rate Swaps	Fair Value Notional Amount Collateral Amount Balance Sheet Location Asset Liability September 30, 2024: Derivatives designated as cash flow hedges: Interest rate swaps $ 50,000 $ - Other assets $ 18 $ - Derivatives not designated as hedging instruments: Interest rate swaps related to customer loans $ 143,801 $ 4,886 Other assets/Other liabilities $ 7,695 $ 7,695 December 31, 2023: Derivatives designated as cash flow hedges: Interest rate swaps $ 50,000 $ - Other assets $ 334 $ - Derivatives designated as fair value hedges: Interest rate swaps $ 200,000 $ - Other liabilities $ - $ 3,430 Derivatives not designated as hedging instruments: Interest rate swaps related to customer loans $ 46,463 $ 1,326 Other assets/Other liabilities $ 4,558 $ 4,558

Insider Trading Arrangements (Details)	3 Months Ended
Insider Trading Arrangements (Details)	Sep. 30, 2024
Insider Trading Arrangements [Line Items]
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

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital On Common Stock [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Cumulative Effect Period Of Adoption Adjustment [Member]	Cumulative Effect Period Of Adoption Adjustment [Member] Accumulated Deficit [Member]	Cumulative Effect Period Of Adoption Adjusted Balance [Member]	Cumulative Effect Period Of Adoption Adjusted Balance [Member] Common Stock [Member]	Cumulative Effect Period Of Adoption Adjusted Balance [Member] Additional Paid-In Capital On Common Stock [Member]	Cumulative Effect Period Of Adoption Adjusted Balance [Member] Accumulated Deficit [Member]	Cumulative Effect Period Of Adoption Adjusted Balance [Member] Accumulated Other Comprehensive Loss [Member]
Balance at Dec. 31, 2022	$ 182,428	$ 20,001	$ 311,282	$ (104,104)	$ (44,751)	$ (989)	$ (989)	$ 181,439	$ 20,001	$ 311,282	$ (105,093)	$ (44,751)
Balance, shares at Dec. 31, 2022		20,000,753							20,000,753
Net income	13,824			13,824
Other comprehensive income (loss)	(6,475)				(6,475)
Repurchase of Class A common stock	(6,613)	$ (577)	(6,036)
Repurchase of Class A common stock, shares		(577,603)
Restricted stock issued		$ 121	(121)
Restricted stock issued, shares		121,627
Restricted stock forfeiture		$ (3)	(3)
Restricted stock forfeiture, shares		(2,487)
Stock-based compensation	709		709
Balance at Sep. 30, 2023	182,884	$ 19,542	305,837	(91,269)	(51,226)
Balance, shares at Sep. 30, 2023		19,542,290
Balance at Jun. 30, 2023	183,685	$ 19,545	305,547	(95,088)	(46,319)
Balance, shares at Jun. 30, 2023		19,544,777
Net income	3,819			3,819
Other comprehensive income (loss)	(4,907)				(4,907)
Restricted stock forfeiture		$ (3)
Restricted stock forfeiture, APIC		$ 3
Restricted stock forfeiture, shares		(2,487)
Stock-based compensation	287		287
Balance at Sep. 30, 2023	182,884	$ 19,542	305,837	(91,269)	(51,226)
Balance, shares at Sep. 30, 2023		19,542,290
Balance at Dec. 31, 2023	191,968	$ 19,575	305,212	(88,548)	(44,271)
Balance, shares at Dec. 31, 2023		19,575,435
Net income	17,770			17,770
Other comprehensive income (loss)	6,293				6,293
Repurchase of Class A common stock	(501)	$ (42)	(459)
Repurchase of Class A common stock, shares		(42,100)
Restricted stock issued		$ 58	(58)
Restricted stock issued, shares		57,922
Restricted stock forfeiture		$ (8)
Restricted stock forfeiture, APIC			8
Restricted stock forfeiture, shares		(8,625)
Exercise of stock options	323	$ 38	285
Exercise of stock options, shares		38,000
Dividend payment	(3,049)			(3,049)
Stock-based compensation	1,112		1,112
Balance at Sep. 30, 2024	213,916	$ 19,621	306,100	(73,827)	(37,978)
Balance, shares at Sep. 30, 2024		19,620,632
Balance at Jun. 30, 2024	201,020	$ 19,631	305,835	(79,760)	(44,686)
Balance, shares at Jun. 30, 2024		19,630,632
Net income	6,949			6,949
Other comprehensive income (loss)	6,708				6,708
Repurchase of Class A common stock	(121)	$ (10)	(111)
Repurchase of Class A common stock, shares		(10,000)
Dividend payment	(1,016)			(1,016)
Stock-based compensation	376		376
Balance at Sep. 30, 2024	$ 213,916	$ 19,621	$ 306,100	$ (73,827)	$ (37,978)
Balance, shares at Sep. 30, 2024		19,620,632

Loans (Tables)	9 Months Ended
Loans (Tables)	Sep. 30, 2024
Loans [Abstract]
Summary of Loans Held for Investment	September 30, 2024 December 31, 2023 Total Percent of Total Total Percent of Total Residential Real Estate $ 283,477 14.7 % $ 204,419 11.5 % Commercial Real Estate 1,095,112 56.8 % 1,047,593 58.8 % Commercial and Industrial 246,539 12.8 % 219,757 12.4 % Correspondent Banks 103,815 5.4 % 114,945 6.5 % Consumer and Other 198,604 10.3 % 191,930 10.8 % Total gross loans 1,927,547 100.0 % 1,778,644 100.0 % Plus: Deferred fees/costs 3,815 2,183 Total loans net of deferred fees/costs 1,931,362 1,780,827 Less: Allowance for credit losses 23,067 21,084 Total net loans $ 1,908,295 $ 1,759,743
Allowance for Credit Losses	Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total Three Months Ended September 30, 2024 Beginning balance $ 3,193 $ 10,272 $ 4,747 $ 892 $ 3,126 $ 22,230 Provision for credit losses (1) 760 (86) (96) (69) 322 831 Recoveries 2 - 10 - 1 13 Charge-offs - - - - (7) (7) Ending Balance $ 3,955 $ 10,186 $ 4,661 $ 823 $ 3,442 $ 23,067 Nine Months Ended September 30, 2024 Beginning balance $ 2,695 $ 10,366 $ 3,974 $ 911 $ 3,138 $ 21,084 Provision for credit losses (2) 1,252 (180) 666 (88) 318 1,968 Recoveries 8 - 21 - 3 32 Charge-offs - - - - (17) (17) Ending Balance $ 3,955 $ 10,186 $ 4,661 $ 823 $ 3,442 $ 23,067 (1) Provision for credit losses excludes a $ 101 thousand charge due to unfunded commitments included in other liabilities and a $ 1 thousand release related to investment securities held to maturity. (2) Provision for credit losses excludes a $ 159 thousand charge due to unfunded commitments included in other liabilities. Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total Three Months Ended September 30, 2023 Beginning balance $ 2,673 $ 10,183 $ 2,500 $ 677 $ 2,782 $ 18,815 Provision for credit losses (1) (162) (84) 738 73 108 673 Recoveries - - 8 - - 8 Charge-offs - - - - (3) (3) Ending Balance $ 2,511 $ 10,099 $ 3,246 $ 750 $ 2,887 $ 19,493 Nine Months Ended September 30, 2023 Beginning balance $ 1,352 $ 10,143 $ 4,163 $ 720 $ 1,109 $ 17,487 Cumulative effect of adoption of accounting principle (2) 1,238 1,105 (2,158) 23 858 1,066 Provision for credit losses (3) (89) (1,149) 1,181 7 965 915 Recoveries 10 - 60 - 3 73 Charge-offs - - - - (48) (48) Ending Balance $ 2,511 $ 10,099 $ 3,246 $ 750 $ 2,887 $ 19,493 (1) Provision for credit losses excludes a $ 17 thousand release due to unfunded commitments included in other liabilities and $ 3 thousand expense related to investment securities held to maturity. (2) Impact of CECL adoption on January 1, 2023. (3) Provision for credit losses excludes a $ 39 thousand release due to unfunded commitments included in other liabilities and $ 16 thousand expense related to investment securities held to maturity. Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total September 30, 2024: Allowance for credit losses: Individually evaluated $ 43 $ - $ 38 $ - $ 17 $ 98 Collectively evaluated 3,912 10,186 4,623 823 3,425 22,969 Balances, end of period $ 3,955 $ 10,186 $ 4,661 $ 823 $ 3,442 $ 23,067 Loans: Individually evaluated $ 6,848 $ - $ 719 $ - $ 1,990 $ 9,557 Collectively evaluated 276,629 1,095,112 245,820 103,815 196,614 1,917,990 Balances, end of period $ 283,477 $ 1,095,112 $ 246,539 $ 103,815 $ 198,604 $ 1,927,547 December 31, 2023: Allowance for credit losses: Individually evaluated $ 145 $ - $ 128 $ - $ - $ 273 Collectively evaluated 2,550 10,366 3,846 911 3,138 20,811 Balances, end of period $ 2,695 $ 10,366 $ 3,974 $ 911 $ 3,138 $ 21,084 Loans: Individually evaluated $ 6,994 $ - $ 1,668 $ - $ - $ 8,662 Collectively evaluated 197,425 1,047,593 218,089 114,945 191,930 1,769,982 Balances, end of period $ 204,419 $ 1,047,593 $ 219,757 $ 114,945 $ 191,930 $ 1,778,644
Loan Credit Exposures, Term Loans by Origination Year	As of September 30, 2024 Term Loans by Origination Year Revolving Loans Total 2024 2023 2022 2021 2020 Prior Residential real estate Pass $ 96,900 $ 40,187 $ 34,454 $ 23,930 $ 5,823 $ 71,867 $ 9,748 $ 282,909 Substandard - - - - - 568 - 568 Total 96,900 40,187 34,454 23,930 5,823 72,435 9,748 283,477 Commercial real estate Pass 116,130 132,831 323,299 177,281 99,368 239,803 3,936 1,092,648 Substandard - - - 1,776 688 - - 2,464 Total 116,130 132,831 323,299 179,057 100,056 239,803 3,936 1,095,112 Commercial and industrial Pass 46,599 91,611 35,031 30,950 4,469 12,494 23,466 244,620 Substandard - - - 536 - 1,146 237 1,919 Total 46,599 91,611 35,031 31,486 4,469 13,640 23,703 246,539 Correspondent banks Pass 100,865 2,950 - - - - - 103,815 Total 100,865 2,950 - - - - - 103,815 Consumer and other loans Pass 34,623 53,815 66,254 37,800 495 1,636 1,990 196,613 Substandard - - 1,991 - - - - 1,991 Total 34,623 53,815 68,245 37,800 495 1,636 1,990 198,604 Total Loans Pass 395,117 321,394 459,038 269,961 110,155 325,800 39,140 1,920,605 Special Mention - - - - - - - - Substandard - - 1,991 2,312 688 1,714 237 6,942 Doubtful - - - - - - - - Total $ 395,117 $ 321,394 $ 461,029 $ 272,273 $ 110,843 $ 327,514 $ 39,377 $ 1,927,547 As of December 31, 2023 Term Loans by Origination Year Revolving Loans Total 2023 2022 2021 2020 2019 Prior Residential real estate Pass $ 44,365 $ 36,325 $ 26,180 $ 6,080 $ 9,325 $ 75,654 $ 6,198 $ 204,127 Substandard - - - - 292 - - 292 Total 44,365 36,325 26,180 6,080 9,617 75,654 6,198 204,419 Commercial real estate Pass 148,311 337,938 184,024 104,182 78,153 182,714 4,710 1,040,032 Substandard - - 6,867 694 - - - 7,561 Total 148,311 337,938 190,891 104,876 78,153 182,714 4,710 1,047,593 Commercial and industrial Pass 97,753 37,414 34,090 6,499 13,706 3,113 25,554 218,129 Substandard - - 330 - 1,298 - - 1,628 Total 97,753 37,414 34,420 6,499 15,004 3,113 25,554 219,757 Correspondent banks Pass 114,945 - - - - - - 114,945 Total 114,945 - - - - - - 114,945 Consumer and other loans Pass 71,593 74,387 41,966 615 560 1,337 1,472 191,930 Total 71,593 74,387 41,966 615 560 1,337 1,472 191,930 Total Loans Pass 476,967 486,064 286,260 117,376 101,744 262,818 37,934 1,769,163 Special Mention - - - - - - - - Substandard - - 7,197 694 1,590 - - 9,481 Doubtful - - - - - - - - Total $ 476,967 $ 486,064 $ 293,457 $ 118,070 $ 103,334 $ 262,818 $ 37,934 $ 1,778,644
Aging Analysis of Accruing and Total Non-Accruing Loans	Accruing As of September 30, 2024 Current Past Due 30- 89 Days Past Due 90 Days or > and Still Accruing Total Accruing Non-Accrual Total Loans Residential real estate: Home equity line of credit and other $ 843 $ - $ - $ 843 $ - $ 843 1-4 family residential 229,797 4,017 - 233,814 - 233,814 Condo residential 48,506 - - 48,506 314 48,820 279,146 4,017 - 283,163 314 283,477 Commercial real estate: Land and construction 38,342 - - 38,342 - 38,342 Multi-family residential 204,298 - - 204,298 - 204,298 Condo commercial 56,921 - - 56,921 - 56,921 Commercial property 795,551 - - 795,551 - 795,551 Leasehold improvements - - - - - - 1,095,112 - - 1,095,112 - 1,095,112 Commercial and industrial: Secured 230,202 - - 230,202 420 230,622 Unsecured 15,917 - - 15,917 - 15,917 246,119 - - 246,119 420 246,539 Correspondent banks 103,815 - - 103,815 - 103,815 Consumer and other 196,613 - - 196,613 1,991 198,604 Total $ 1,920,805 $ 4,017 $ - $ 1,924,822 $ 2,725 $ 1,927,547 Accruing As of December 31, 2023: Current Past Due 30-89 Days Past Due 90 Days or > and Still Accruing Total Accruing Non-Accrual Total Loans Residential real estate: Home equity line of credit and other $ 559 $ - $ - $ 559 $ - $ 559 1-4 family residential 155,842 711 - 156,553 - 156,553 Condo residential 43,572 3,735 - 47,307 - 47,307 199,973 4,446 - 204,419 - 204,419 Commercial real estate: Land and construction 33,710 - - 33,710 - 33,710 Multi-family residential 181,287 - - 181,287 - 181,287 Condo commercial 58,106 - - 58,106 - 58,106 Commercial property 772,569 1,890 - 774,459 - 774,459 Leasehold improvements 31 - - 31 - 31 1,045,703 1,890 - 1,047,593 - 1,047,593 Commercial and industrial: Secured 200,235 29 - 200,264 468 200,732 Unsecured 19,025 - - 19,025 - 19,025 219,260 29 - 219,289 468 219,757 Correspondent banks 114,945 - - 114,945 - 114,945 Consumer and other 191,930 - - 191,930 - 191,930 Total $ 1,771,811 $ 6,365 $ - $ 1,778,176 $ 468 $ 1,778,644
Non-Accrual status	September 30, 2024 Nonaccrual Loans With No Related Allowance Nonaccrual Loans With Related Allowance Total Non- accruals Loans Past Due Over 90 Days and Still Accruing Residential real estate $ 314 $ - $ 314 $ - Commercial and industrial - 420 420 - Consumer and other - 1,991 1,991 - Total $ 314 $ 2,411 $ 2,725 $ - December 31, 2023 Nonaccrual Loans With No Related Allowance Nonaccrual Loans With Related Allowance Total Non- accruals Loans Past Due Over 90 Days and Still Accruing Commercial and industrial $ - $ 468 $ 468 $ - Total $ - $ 468 $ 468 $ -
Restructured Loans, by Type of Modification	Recorded Investment Prior to Modification Recorded Investment After Modification Number of Loans Combination Modifications Total Modifications Number of Loans Combination Modifications Total Modifications Commercial and industrial 1 $ 468 $ 468 1 $ 468 $ 468 Total 1 $ 468 $ 468 1 $ 468 $ 468

Loans (Summary of Loans Held for Investment) (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts Notes And Loans Receivable [Line Items]
Total Loans	$ 1,927,547,000		$ 1,778,644,000
Plus: Deferred fees/costs	3,815,000		2,183,000
Total loans net of deferred fees/costs	1,931,362,000		1,780,827,000
Less: ACL	23,067,000	$ 22,230,000	21,084,000	$ 19,493,000	$ 18,815,000	$ 17,487,000
Total net loans	$ 1,908,295,000		$ 1,759,743,000
Percent of Total	100.00%		100.00%
Residential Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Loans	$ 283,477,000		$ 204,419,000
Less: ACL	$ 3,955,000	3,193,000	$ 2,695,000	2,511,000	2,673,000	1,352,000
Percent of Total	14.70%		11.50%
Commercial Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Loans	$ 1,095,112,000		$ 1,047,593,000
Less: ACL	$ 10,186,000	10,272,000	$ 10,366,000	10,099,000	10,183,000	10,143,000
Percent of Total	56.80%		58.80%
Commercial and Industrial [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Loans	$ 246,539,000		$ 219,757,000
Less: ACL	$ 4,661,000	4,747,000	$ 3,974,000	3,246,000	2,500,000	4,163,000
Percent of Total	12.80%		12.40%
Correspondent Banks [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Loans	$ 103,815,000		$ 114,945,000
Less: ACL	$ 823,000	892,000	$ 911,000	750,000	677,000	720,000
Percent of Total	5.40%		6.50%
Consumer and Other [Member]
Accounts Notes And Loans Receivable [Line Items]
Total Loans	$ 198,604,000		$ 191,930,000
Less: ACL	$ 3,442,000	$ 3,126,000	$ 3,138,000	$ 2,887,000	$ 2,782,000	$ 1,109,000
Percent of Total	10.30%		10.80%

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	11. SUBSEQUENT EVENTS Common Stock During the month of October 2024, the Company issued 220,000 shares of Class A common stock to employees as restricted stock awards pursuant to the Company’s 2015 equity incentive plan. Shares of the Company’s Class A common stock issued and outstanding as of October 31, 2024 was 19,840,632 . Dividends On October 28, 2024, the Company announced that its Board of Directors declared its fourth quarterly cash dividend. The quarterly dividend for the fourth quarter of 2024 was $ 0.05 per share of Class A common stock and will be paid on December 5, 2024, to stockholders of record as of the close of business on November 15, 2024.

Income Taxes (Provision for Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Current:
Federal
State
Total current
Deferred:
Federal			4,384	3,510
State			1,222	954
Total deferred			5,606	4,464
Total tax expense	$ 2,213	$ 1,250	$ 5,606	$ 4,464

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2024
Fair Value Measurements [Abstract]
Fair Value Measurements	7. FAIR VALUE MEASUREMENTS Determination of Fair Value The Company uses fair value measurements to record fair-value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the fair value measurements accounting guidance, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded, and the reliability of the assumptions used to determine fair value. Level 1 - Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 - Valuation is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on 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 for substantially the full term of the asset or liability. Level 3 - Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Items Measured at Fair Value on a Recurring Basis AFS investment securities: When instruments are traded in secondary markets and quoted market prices do not exist for such securities, management generally relies on prices obtained from independent vendors or third-party broker-dealers. Management reviews pricing methodologies provided by the vendors and third-party broker-dealers in order to determine if observable market information is being utilized. Securities measured with pricing provided by independent vendors or third- party broker-dealers are classified within Level 2 of the hierarchy and often involve using quoted market prices for similar securities, pricing models or discounted cash flow analyses utilizing inputs observable in the market where available. Derivatives: The fair value of derivatives are measured with pricing provided by third-party participants and are classified within Level 2 of the hierarchy. The following table represents the Company's assets and liabilities measured at fair value on a recurring basis at September 30, 2024 and December 31, 2023 for each of the fair value hierarchy levels (in thousands): Items Not Measured at Fair Value The following table presents the carrying amounts and estimated fair values of financial instruments not carried at fair value as of September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Investment securities available for sale: U.S. Government Agency $ - $ 10,733 $ - $ 10,733 $ - $ 8,173 $ - $ 8,173 Collateralized mortgage obligations - 84,194 - 84,194 - 80,606 - 80,606 Mortgage-backed securities - residential - 50,762 - 50,762 - 52,187 - 52,187 Mortgage-backed securities - commercial - 70,333 - 70,333 - 42,764 - 42,764 Municipal securities - 20,425 - 20,425 - 19,338 - 19,338 Bank subordinated debt securities - 23,080 - 23,080 - 26,261 - 26,261 Total - 259,527 - 259,527 - 229,329 - 229,329 Derivative assets - 7,713 - 7,713 - 4,892 - 4,892 Total assets at fair value $ - $ 267,240 $ - $ 267,240 $ - $ 234,221 $ - $ 234,221 Derivative liabilities $ - $ 7,695 $ - $ 7,695 $ - $ 7,988 $ - $ 7,988 Total liabilities at fair value $ - $ 7,695 $ - $ 7,695 $ - $ 7,988 $ - $ 7,988 Fair Value Hierarchy Carrying Amount Level 1 Level 2 Level 3 Fair Value Amount September 30, 2024: Financial Assets: Cash and due from banks $ 7,084 $ 7,084 $ - $ - $ 7,084 Interest-bearing deposits in banks $ 31,402 $ 31,402 $ - $ - $ 31,402 Investment securities held to maturity, net $ 167,001 $ - $ 153,125 $ - $ 153,125 Loans held for investment, net $ 1,908,295 $ - $ - $ 1,924,884 $ 1,924,884 Accrued interest receivable $ 10,765 $ - $ 1,536 $ 9,229 $ 10,765 Financial Liabilities: Demand deposits $ 637,313 $ 637,313 $ - $ - $ 637,313 Money market and savings accounts $ 1,091,029 $ 1,091,029 $ - $ - $ 1,091,029 Interest-bearing checking accounts $ 64,333 $ 64,333 $ - $ - $ 64,333 Time deposits $ 333,942 $ - $ - $ 333,659 $ 333,659 FHLB advances and other borrowings $ 118,000 $ - $ 118,193 $ - $ 118,193 Accrued interest payable $ 1,802 $ - $ 537 $ 1,265 $ 1,802 December 31, 2023: Financial Assets: Cash and due from banks $ 8,019 $ 8,019 $ - $ - $ 8,019 Interest-bearing deposits in banks $ 33,043 $ 33,043 $ - $ - $ 33,043 Investment securities held to maturity $ 174,974 $ - $ 155,510 $ - $ 155,510 Loans held for investment, net $ 1,759,743 $ - $ - $ 1,723,210 $ 1,723,210 Accrued interest receivable $ 10,688 $ - $ 1,448 $ 9,240 $ 10,688 Financial Liabilities: Demand deposits $ 552,762 $ 552,762 $ - $ - $ 552,762 Money market and savings accounts $ 1,048,272 $ 1,048,272 $ - $ - $ 1,048,272 Interest-bearing checking accounts $ 47,702 $ 47,702 $ - $ - $ 47,702 Time deposits $ 288,403 $ - $ - $ 287,104 $ 287,104 FHLB advances $ 183,000 $ - $ 182,282 $ - $ 182,282 Accrued interest payable $ 1,372 $ - $ 551 $ 821 $ 1,372

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Subsequent Events (Narrative) (Details) - Common Class A [Member] - $ / shares	Oct. 31, 2024	Oct. 28, 2024	Sep. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Subsequent Event [Line Items]
Common stock, shares issued			19,620,632		19,575,435
Shares Outstanding			19,620,632		19,575,435
2015 Equity Incentive Plan [Member]
Subsequent Event [Line Items]
Common stock, shares issued				52,753		121,627
Subsequent Event [Member]
Subsequent Event [Line Items]
Shares Outstanding	19,840,632
Subsequent Event [Member] \| 2015 Equity Incentive Plan [Member]
Subsequent Event [Line Items]
Common stock, shares issued	220,000
Subsequent Event [Member] \| Share Repurchase Plan 2024 [Member]
Subsequent Event [Line Items]
Dividends per share declared		$ 0.05

Investment Securities (Schedule of Realized Gains and Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments Securities [Abstract]
Proceeds from sale and call of securities		$ 6,792	$ 34,753	$ 15,409
Gross gains			195	3
Gross losses		(955)	(181)	(979)
Net realized gain (loss)		$ (955)	$ 14	$ (976)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Calculation of Net Income (Loss) Available to Common Stockholders	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net Income $ 6,949 $ 3,819 $ 17,770 $ 13,824 Net income available to common shareholders $ 6,949 $ 3,819 $ 17,770 $ 13,824
Calculation of Basic and Diluted Earnings (Loss) per Common Share Class	Three Months Ended September 30, 2024 2023 Class A Class A Basic EPS Numerator: Net income available to common shares $ 6,949 $ 3,819 Denominator: Weighted average shares outstanding 19,621,447 19,542,723 Earnings per share, basic $ 0.35 $ 0.20 Diluted EPS Numerator: Net income available to common shares $ 6,949 $ 3,819 Denominator: Weighted average shares outstanding for basic EPS 19,621,447 19,542,723 Add: Dilutive effects of assumed exercises of stock options 203,764 69,174 Weighted avg. shares including dilutive potential common shares 19,825,211 19,611,897 Earnings per share, diluted $ 0.35 $ 0.19 Anti-dilutive stock options excluded from diluted EPS - 720,500 Net income has not been allocated to unvested restricted stock awards that are participating securities because the amounts that would be allocated are not material to net income per share of common stock. Unvested restricted stock awards that are participating securities represent less than one percent of all of the outstanding shares of common stock for each of the periods presented. Nine Months Ended September 30, 2024 2023 Class A Class A Basic EPS Numerator: Net income available to common shares $ 17,770 $ 13,824 Denominator: Weighted average shares outstanding 19,653,103 19,661,685 Earnings per share, basic $ 0.90 $ 0.70 Diluted EPS Numerator: Net income available to common shares $ 17,770 $ 13,824 Denominator: Weighted average shares outstanding for basic EPS 19,653,103 19,661,685 Add: Dilutive effects of assumed exercises of stock options 108,139 67,496 Weighted avg. shares including dilutive potential common shares 19,761,242 19,729,181 Earnings per share, diluted $ 0.90 $ 0.70 Anti-dilutive stock options excluded from diluted EPS 15,000 720,500 Net income has not been allocated to unvested restricted stock awards that are participating securities because the amounts that would be allocated are not material to net income per share of common stock. Unvested restricted stock awards that are participating securities represent less than one percent of all of the outstanding shares of common stock for each of the periods presented.

Investment Securities	9 Months Ended
Investment Securities	Sep. 30, 2024
Investments Securities [Abstract]
Investment Securities	2. INVESTMENT SECURITIES The measurement of expected credit losses under the current expected credit loss (“CECL”) methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. The accounting for available-for-sale debt securities credit losses is presented as an allowance rather than as a write-down. Management does not intend to sell or believes that it is more likely they will not be required to sell AFS securities. CECL requires a loss reserve for securities classified as held-to-maturity (“HTM”). The reserve should reflect historical credit performance as well as the impact of projected economic forecasts. For U.S. Government bonds and U.S. Agency issued bonds classified as HTM, the explicit guarantee of the U.S. Government is sufficient to conclude that a credit loss reserve is not required. The reserve requirement is for three primary assets groups: municipal bonds, corporate bonds, and non-agency securitizations. The Company calculates quarterly the loss reserve utilizing Moody’s ImpairmentStudio. The CECL measurement for investment securities incorporates historical data, containing defaults and recoveries information, and Moody’s baseline economic forecast. The solution uses probability of default/loss given default (“PD/LGD”) approach. PD represents the likelihood a borrower will default. Within the Moody’s model , this is determined using historical default data, adjusted for the current economic environment. LGD projects the expected loss if a borrower were to default. The Company monitors the credit quality of HTM securities through the use of credit ratings. Credit ratings are monitored by the Company on at least a quarterly basis. As of September 30, 2024 and December 31, 2023, all HTM securities held by the Company were rated investment grade. At quarter end, HTM securities included $ 157.7 million of U.S. Government and U.S. Agency issued bonds and mortgage-backed securities. Because of the explicit and/or implicit guarantee on these bonds, the Company holds no reserves on these holdings. The remaining portion of the HTM portfolio is made up of $ 9.3 million in investment grade corporate bonds. The required reserve for these holdings is determined each quarter using the model described above. For the portion of the HTM exposed to non-government credit risk, the Company utilized the PD/LGD methodology to estimate a $ 8 thousand ACL as of September 30, 2024. The book value for debt securities classified as HTM represents amortized cost less the ACL related to these securities. The Company determined that an ACL on its debt securities available for sale as of September 30, 2024 and December 31, 2023 was not required. The following tables present a summary of the amortized cost, unrealized or unrecognized gains and losses, and fair value of investment securities at the dates indicated (in thousands): During the quarter ended September 30, 2024 there were no investment securities that were transferred from available- for-sale (“AFS”) to HTM. For the three months ended September 30, 2024, total amortization out of Additional Other Comprehensive Income (“AOCI”) for net unrealized losses on securities transferred in 2022 from AFS to HTM was $ 67 thousand. The unamortized net unrealized loss as of September 30, 2024, was $ 9.3 million. For the nine months ended September 30, 2024, total amortization out of Additional Other Comprehensive Income (“AOCI”) for net unrealized losses on securities transferred in 2022 from AFS to HTM was $ 200 thousand. For the years ended December 31, 2023 total amortization out of AOCI for the net unrealized losses on securities transferred from AFS to HTM was $ 251 thousand. In addition for these securities, the balance of the net unrealized losses retained in AOCI was $ 9.5 million at December 31, 2023. Gains and losses on the sale of securities are recorded on the trade date and are determined on the specific identification basis. The following table presents the proceeds, realized gross gains and realized gross losses on sales and calls of AFS debt securities for the three and nine months ended September 30, 2024 and 2023 (in thousands): The amortized cost and fair value of investment securities, by contractual maturity, are shown below as of the date indicated (in thousands). Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. At September 30, 2024, there were no securities held in the portfolio from any one issuer in an amount greater than 10% of total stockholders’ equity other than the U.S. Government and Government Agency securities. All the collateralized mortgage obligations and mortgage-backed securities at September 30, 2024 and December 31, 2023 were issued by U.S. sponsored entities. Information pertaining to investment securities with gross unrealized losses, aggregated by investment category and length of time that those individual securities have been in a continuous loss position, are presented as of the following dates (in thousands): The unrealized losses associated with $ 121.9 million of outstanding investment securities transferred from the AFS portfolio to the HTM portfolio represent unrealized losses since the date of purchase, independent of the impact associated with changes in the cost basis of the securities upon transfer between portfolios. When evaluating AFS debt securities under ASC Topic 326, the Company has evaluated whether the decline in fair value is attributable to credit losses or other factors like interest rate risk, using both quantitative and qualitative analyses, including company performance analysis, review of credit ratings, bond vintage, remaining payment terms, prepayment speeds and analysis of macro-economic conditions. Each investment is expected to recover its price depreciation over its holding period as it moves to maturity and the Company has the intent and ability to hold these securities to maturity if necessary. As a result of this evaluation, the Company concluded that no allowance was required on AFS securities as of September 30, 2024. At September 30, 2024, the Company had $ 46.0 million of unrealized losses on mortgage-backed securities and collateralized mortgage obligations of U.S. government sponsored entities having a fair value of $ 310.6 million that were attributable to a combination of factors, including relative changes in interest rates since the time of purchase. At December 31, 2023, the Company had $ 54.9 million of unrealized losses on mortgage-backed securities and collateralized mortgage obligations of U.S. government sponsored entities having a fair value of $ 284.1 million that were attributable to a combination of factors, including relative changes in interest rates since the time of purchase. The contractual cash flows for these securities are guaranteed by U.S. government agencies and U.S. government sponsored entities. The municipal bonds are of high credit quality and the declines in fair value are not due to credit quality. Based on the assessment of these mitigating factors, management believed that the unrealized losses on these debt security holdings are a function of changes in investment spreads and interest rate movements and not changes in credit quality. Management expects to recover the entire amortized cost basis of these securities. At September 30, 2024, the Company did not intend to sell debt securities that are in an unrealized loss position and it is more than likely not required to sell these securities before recovery of the amortized cost basis. The Bank is a Qualified Public Depository (“QPD”) with the State of Florida. As a QPD, the Bank has the legal authority to maintain public deposits from cities, municipalities, and the State of Florida. These public deposits are secured by securities pledged to the State of Florida at a ratio of 50 % of the outstanding uninsured deposits at September 30, 2024 and 25 % at December 31, 2023. The Bank must also maintain a minimum amount of pledged securities to be in the public funds program. As of September 30, 2024, the Bank had a total of $ 114.4 million in deposits under the public funds program and pledged to the State of Florida for these public funds were fifty-one bonds with an aggregate fair value of $ 69.7 million. As of December 31, 2023, the Bank had a total of $ 268.4 million in deposits under the public funds program and pledged to the State of Florida for these public funds were twenty-eight bonds with an aggregate fair value of $ 86.9 million. The Board of Governors of the Federal Reserve System, on March 12, 2023, announced the creation of a new Bank Term Funding Program (“BTFP”). The BTFP offered loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, U.S. agency debt and mortgage-backed securities, and other qualifying assets as collateral. The BTFP program ceased making new loans as of March 2024. The Company paid off $ 80 million in borrowings under the BTFP program during the third quarter 2024. The original maturity of this borrowing under the BTFP program was January 2025, and there are no remaining borrowings under this program. September 30, 2024 Available-for-sale: Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government Agency $ 11,916 $ 21 $ (1,204) $ 10,733 Collateralized mortgage obligations 104,228 55 (20,089) 84,194 Mortgage-backed securities - residential 60,390 21 (9,649) 50,762 Mortgage-backed securities - commercial 75,263 676 (5,606) 70,333 Municipal securities 24,945 - (4,520) 20,425 Bank subordinated debt securities 24,272 193 (1,385) 23,080 $ 301,014 $ 966 $ (42,453) $ 259,527 Held-to-maturity: U.S. Government Agency $ 42,909 $ 97 $ (4,041) $ 38,965 Collateralized mortgage obligations 58,345 386 (6,328) 52,403 Mortgage-backed securities - residential 41,173 677 (3,537) 38,313 Mortgage-backed securities - commercial 15,316 35 (788) 14,563 Corporate bonds 9,266 - (385) 8,881 $ 167,009 $ 1,195 $ (15,079) $ 153,125 Allowance for credit losses - securities held-to-maturity (8) Securities held-to maturity, net of allowance for credit losses $ 167,001 December 31, 2023 Available-for-sale: Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government Agency $ 9,664 $ - $ (1,491) $ 8,173 Collateralized mortgage obligations 103,645 - (23,039) 80,606 Mortgage-backed securities - residential 63,795 - (11,608) 52,187 Mortgage-backed securities - commercial 49,212 56 (6,504) 42,764 Municipal securities 25,005 - (5,667) 19,338 Bank subordinated debt securities 28,106 188 (2,033) 26,261 $ 279,427 $ 244 $ (50,342) $ 229,329 Held-to-maturity: U.S. Government Agency $ 43,626 $ 2 $ (5,322) $ 38,306 Collateralized mortgage obligations 62,735 - (7,983) 54,752 Mortgage-backed securities - residential 43,784 348 (4,533) 39,599 Mortgage-backed securities - commercial 15,439 - (1,257) 14,182 Corporate bonds 9,398 - (727) 8,671 $ 174,982 $ 350 $ (19,822) $ 155,510 Allowance for credit losses - securities held-to-maturity (8) Securities held-to maturity, net of allowance for credit losses $ 174,974 Three Months Ended September 30, Nine Months Ended September 30, Available-for-sale: 2024 2023 2024 2023 Proceeds from sale and call of securities $ - $ 6,792 $ 34,753 $ 15,409 Gross gains $ - $ - $ 195 $ 3 Gross losses - (955) (181) (979) Net realized gain (loss) $ - $ (955) $ 14 $ (976) Available-for-sale Held-to-maturity September 30, 2024: Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ - $ - $ - $ - Due after one year through five years 1,000 1,006 9,266 8,881 Due after five years through ten years 42,975 38,294 - - Due after ten years 5,242 4,205 - - U.S. Government Agency 11,916 10,733 42,909 38,965 Collateralized mortgage obligations 104,228 84,194 58,345 52,403 Mortgage-backed securities - residential 60,390 50,762 41,173 38,313 Mortgage-backed securities - commercial 75,263 70,333 15,316 14,563 $ 301,014 $ 259,527 $ 167,009 $ 153,125 September 30, 2024 Less than 12 months 12 months or more Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government Agency $ 796 $ (2) $ 47,141 $ (6,302) $ 47,937 $ (6,304) Collateralized mortgage obligations 1,854 (1) 130,104 (30,448) 131,958 (30,449) Mortgage-backed securities - residential - - 82,457 (15,097) 82,457 (15,097) Mortgage-backed securities - commercial 15,347 (173) 39,657 (7,672) 55,004 (7,845) Municipal securities - - 20,425 (4,520) 20,425 (4,520) Bank subordinated debt securities 3,062 (131) 14,605 (1,254) 17,667 (1,385) Corporate bonds - - 8,881 (170) 8,881 (170) $ 21,059 $ (307) $ 343,270 $ (65,463) $ 364,329 $ (65,770) December 31, 2023 Less than 12 months 12 months or more Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government Agency $ - $ - $ 46,479 $ (8,043) $ 46,479 $ (8,043) Collateralized mortgage obligations - - 135,358 (35,566) 135,358 (35,566) Mortgage-backed securities - residential 5,290 (47) 83,484 (18,365) 88,774 (18,412) Mortgage-backed securities - commercial 20,292 (611) 33,083 (8,623) 53,375 (9,234) Municipal securities - - 19,338 (5,667) 19,338 (5,667) Bank subordinated debt securities 8,600 (331) 12,287 (1,703) 20,887 (2,034) Corporate bonds - - 8,671 (406) 8,671 (406) $ 34,182 $ (989) $ 338,700 $ (78,373) $ 372,882 $ (79,362)

Off-Balance Sheet Arrangements (Schedule of Financials Instruments with Off-Balance Sheet Risk) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Financial instruments with off-balance sheet risk	$ 109,358	$ 89,104
Commitments to Grant Loans and Unfunded Lines of Credit [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Financial instruments with off-balance sheet risk	104,851	85,117
Standby and Commercial Letters of Credit [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Financial instruments with off-balance sheet risk	$ 4,507	$ 3,987

Loans (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 22,230	$ 18,815	$ 21,084	$ 17,487
Provision for credit losses	831	673	1,968	915
Recoveries	13	8	32	73
Charge-offs	(7)	(3)	(17)	(48)
Ending balance	23,067	19,493	23,067	19,493
Allowance for Credit Losses:
Individually evaluated for impairment	98		98		$ 273
Collectively evaluated for impairment	22,969		22,969		20,811
Balances, end of period	23,067	19,493	23,067	19,493	21,084
Loans:
Individually evaluated for impairment	9,557		9,557		8,662
Collectively evaluated for impairment	1,917,990		1,917,990		1,769,982
Balances, end of period	1,927,547		1,927,547		1,778,644
Unfunded commitments	101	17	159	39
Investment securities held to maturity, allowance for credit loss	8		8		8
Held to maturity, change in allowance for credit loss	1	3		16
Cumulative Effect Period Of Adoption Adjustment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance				1,066
Allowance for Credit Losses:
Balances, end of period
Residential Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	3,193	2,673	2,695	1,352
Provision for credit losses	760	(162)	1,252	(89)
Recoveries	2		8	10
Charge-offs
Ending balance	3,955	2,511	3,955	2,511
Allowance for Credit Losses:
Individually evaluated for impairment	43		43		145
Collectively evaluated for impairment	3,912		3,912		2,550
Balances, end of period	3,955	2,511	3,955	2,511	2,695
Loans:
Individually evaluated for impairment	6,848		6,848		6,994
Collectively evaluated for impairment	276,629		276,629		197,425
Balances, end of period	283,477		283,477		204,419
Residential Real Estate [Member] \| Cumulative Effect Period Of Adoption Adjustment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance				1,238
Allowance for Credit Losses:
Balances, end of period
Commercial Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	10,272	10,183	10,366	10,143
Provision for credit losses	(86)	(84)	(180)	(1,149)
Recoveries
Charge-offs
Ending balance	10,186	10,099	10,186	10,099
Allowance for Credit Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	10,186		10,186		10,366
Balances, end of period	10,186	10,099	10,186	10,099	10,366
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	1,095,112		1,095,112		1,047,593
Balances, end of period	1,095,112		1,095,112		1,047,593
Commercial Real Estate [Member] \| Cumulative Effect Period Of Adoption Adjustment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance				1,105
Allowance for Credit Losses:
Balances, end of period
Commercial and Industrial [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	4,747	2,500	3,974	4,163
Provision for credit losses	(96)	738	666	1,181
Recoveries	10	8	21	60
Charge-offs
Ending balance	4,661	3,246	4,661	3,246
Allowance for Credit Losses:
Individually evaluated for impairment	38		38		128
Collectively evaluated for impairment	4,623		4,623		3,846
Balances, end of period	4,661	3,246	4,661	3,246	3,974
Loans:
Individually evaluated for impairment	719		719		1,668
Collectively evaluated for impairment	245,820		245,820		218,089
Balances, end of period	246,539		246,539		219,757
Commercial and Industrial [Member] \| Cumulative Effect Period Of Adoption Adjustment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance				(2,158)
Allowance for Credit Losses:
Balances, end of period
Correspondent Banks [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	892	677	911	720
Provision for credit losses	(69)	73	(88)	7
Recoveries
Charge-offs
Ending balance	823	750	823	750
Allowance for Credit Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	823		823		911
Balances, end of period	823	750	823	750	911
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	103,815		103,815		114,945
Balances, end of period	103,815		103,815		114,945
Correspondent Banks [Member] \| Cumulative Effect Period Of Adoption Adjustment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance				23
Allowance for Credit Losses:
Balances, end of period
Consumer and Other [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	3,126	2,782	3,138	1,109
Provision for credit losses	322	108	318	965
Recoveries	1		3	3
Charge-offs	(7)	(3)	(17)	(48)
Ending balance	3,442	2,887	3,442	2,887
Allowance for Credit Losses:
Individually evaluated for impairment	17		17
Collectively evaluated for impairment	3,425		3,425		3,138
Balances, end of period	3,442	$ 2,887	3,442	2,887	3,138
Loans:
Individually evaluated for impairment	1,990		1,990
Collectively evaluated for impairment	196,614		196,614		191,930
Balances, end of period	$ 198,604		$ 198,604		$ 191,930
Consumer and Other [Member] \| Cumulative Effect Period Of Adoption Adjustment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance				$ 858
Allowance for Credit Losses:
Balances, end of period

Income Taxes (Statutory Tax Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Taxes [Abstract]
Federal taxes at statutory rate			$ 4,909	$ 3,840
State income taxes, net of federal tax benefit			1,016	795
Bank owned life insurance			(319)	(171)
Other, net
Total tax expense	$ 2,213	$ 1,250	$ 5,606	$ 4,464

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

+ Details

Investment Securities (Narrative) (Details)	3 Months Ended		9 Months Ended	12 Months Ended
Investment Securities (Narrative) (Details)	Sep. 30, 2024 USD ($) Item	Dec. 31, 2023 USD ($) Item	Sep. 30, 2024 USD ($) Item	Dec. 31, 2023 USD ($)
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Investment securities held to maturity	$ 167,009,000	$ 174,982,000	$ 167,009,000	$ 174,982,000
Investment securities held to maturity, allowance for credit loss	$ 8,000	8,000	8,000	8,000
Number of investment securities that were transferred from AFS to HTM \| Item	0
Amortization of net unrealized (loss) gain on securities transferred from available-for-sale to held-to-maturity	$ (67,000)		(200,000)	(251,000)
Unamortized net unrealized losses	(9,300,000)	(9,500,000)	(9,300,000)	(9,500,000)
Cumulative unrealized gain (loss) on investment in debt security	(121,900,000)		(121,900,000)
Unrealized losses	42,453,000	50,342,000	42,453,000	50,342,000
Investment securities available for sale, at fair value	259,527,000	229,329,000	259,527,000	229,329,000
Borrowing from BTFB	80,000,000		80,000,000
Investment securities available for sale, amortized cost	301,014,000	279,427,000	301,014,000	279,427,000
Unamortized net unrealized loss	15,079,000	19,822,000	$ 15,079,000	$ 19,822,000
Florida [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Ratio of outstanding uninsured deposits for public deposits secured by securities pledged			50.00%	25.00%
Pledged under public funds, fair value	114,400,000	268,400,000	$ 114,400,000	$ 268,400,000
Corporate Bond Securities [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Investment securities held to maturity	9,266,000	9,398,000	9,266,000	9,398,000
Unamortized net unrealized loss	385,000	727,000	385,000	727,000
Corporate Bond Securities [Member] \| Florida [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Pledged under public funds, fair value	69,700,000	$ 86,900,000	$ 69,700,000	86,900,000
Number of investment securities \| Item		28	51
Mortgage Backed Securities and Collateralized Mortgage Obligations of Government Sponsored Entities [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Unrealized losses	46,000,000.0	$ 54,900,000	$ 46,000,000.0	54,900,000
Investment securities available for sale, at fair value	310,600,000	$ 284,100,000	310,600,000	$ 284,100,000
US Government and US Agency Issued Bonds and Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Investment securities held to maturity	157,700,000		157,700,000
Investment securities held to maturity, allowance for credit loss	0		0
Investment Grade Corporate Bonds [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Investment securities held to maturity	$ 9,300,000		$ 9,300,000

Off-Balance Sheet Arrangements	9 Months Ended
Off-Balance Sheet Arrangements	Sep. 30, 2024
Off-Balance Sheet Arrangements [Abstract]
Off-Balance Sheet Arrangements	5. OFF-BALANCE SHEET ARRANGEMENTS The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business in order to meet the financial needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include unfunded commitments under lines of credit, commitments to extend credit, standby and commercial letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Company’s Consolidated Balance Sheets. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instruments for unused lines of credit, and standby letters of credit is represented by the contractual amount of these commitments. A summary of the amounts of the Company's financial instruments with off-balance sheet risk are shown below at September 30, 2024 and December 31, 2023 (in thousands): 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. Unfunded lines of credit and revolving credit lines are commitments for possible future extensions of credit to existing customers. These lines of credit are uncollateralized and usually do not contain a specified maturity date and ultimately may not be drawn upon to the total extent to which the Company committed. Standby and commercial letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Essentially all letters of credit have fixed maturity dates and since many of them expire without being drawn upon, they do not generally present a significant liquidity risk to the Company. September 30, 2024 December 31, 2023 Commitments to grant loans and unfunded lines of credit $ 104,851 $ 85,117 Standby and commercial letters of credit 4,507 3,987 Total $ 109,358 $ 89,104

Investment Securities (Amortized Cost and Fair Value of Investment Securities by Contractual Maturity Date) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Available-for-sale, Amortized Cost:
Due within one year
Due after one year through five years	1,000
Due after five years through ten years	42,975
Due after ten years	5,242
Amortized Cost	301,014	$ 279,427
Available-for-sale, Fair Value:
Due within one year
Due after one year through five years	1,006
Due after five years through ten years	38,294
Due after ten years	4,205
Fair Value	259,527	229,329
Held-to-maturity, Amortized Cost:
Due within one year
Due after one year through five years	9,266
Due after five years through ten years
Due after ten years
Amortized Cost	167,009	174,982
Held-to-maturity, Fair Value:
Due within one year
Due after one year through five years	8,881
Due after five years through ten years
Due after ten years
Fair Value	153,125	155,510
U.S. Government Agency [Member]
Available-for-sale, Amortized Cost:
Amortized Cost	11,916	9,664
Available-for-sale, Fair Value:
Fair Value	10,733	8,173
Held-to-maturity, Amortized Cost:
Amortized Cost	42,909	43,626
Held-to-maturity, Fair Value:
Fair Value	38,965	38,306
Collateralized Mortgage Obligations [Member]
Available-for-sale, Amortized Cost:
Without single maturity date	104,228
Amortized Cost	104,228	103,645
Available-for-sale, Fair Value:
Without single maturity date	84,194
Fair Value	84,194	80,606
Held-to-maturity, Amortized Cost:
Without single maturity date	58,345
Amortized Cost	58,345	62,735
Held-to-maturity, Fair Value:
Without single maturity date	52,403
Fair Value	52,403	54,752
Mortgage-Backed Securities - Residential [Member]
Available-for-sale, Amortized Cost:
Without single maturity date	60,390
Amortized Cost	60,390	63,795
Available-for-sale, Fair Value:
Without single maturity date	50,762
Fair Value	50,762	52,187
Held-to-maturity, Amortized Cost:
Without single maturity date	41,173
Amortized Cost	41,173	43,784
Held-to-maturity, Fair Value:
Without single maturity date	38,313
Fair Value	38,313	39,599
Mortgage-Backed Securities - Commercial [Member]
Available-for-sale, Amortized Cost:
Without single maturity date	75,263
Amortized Cost	75,263	49,212
Available-for-sale, Fair Value:
Without single maturity date	70,333
Fair Value	70,333	42,764
Held-to-maturity, Amortized Cost:
Without single maturity date	15,316
Amortized Cost	15,316	15,439
Held-to-maturity, Fair Value:
Without single maturity date	14,563
Fair Value	$ 14,563	$ 14,182

Fair Value Measurements (Carrying Amounts and Estimated Fair Values of Financial Instruments not Carried at Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Carrying Amount [Member]
Financial Assets:
Cash and due from banks	$ 7,084	$ 8,019
Interest-bearing deposits in banks	31,402	33,043
Held To Maturity Securities Fair Value Disclosure	167,001	174,974
Loans held for investment, net	1,908,295	1,759,743
Accrued interest receivable	10,765	10,688
Financial Liabilities:
Demand deposits	637,313	552,762
Money market and savings accounts	1,091,029	1,048,272
Interest-bearing checking accounts	64,333	47,702
Time deposits	333,942	288,403
FHLB advances and other borrowings	118,000
FHLB advances		183,000
Accrued interest payable	1,802	1,372
Fair Value [Member]
Financial Assets:
Cash and due from banks	7,084	8,019
Interest-bearing deposits in banks	31,402	33,043
Held To Maturity Securities Fair Value Disclosure	153,125	155,510
Loans held for investment, net	1,924,884	1,723,210
Accrued interest receivable	10,765	10,688
Financial Liabilities:
Demand deposits	637,313	552,762
Money market and savings accounts	1,091,029	1,048,272
Interest-bearing checking accounts	64,333	47,702
Time deposits	333,659	287,104
FHLB advances and other borrowings	118,193
FHLB advances		182,282
Accrued interest payable	1,802	1,372
Fair Value [Member] \| Level 1 [Member]
Financial Assets:
Cash and due from banks	7,084	8,019
Interest-bearing deposits in banks	31,402	33,043
Financial Liabilities:
Demand deposits	637,313	552,762
Money market and savings accounts	1,091,029	1,048,272
Interest-bearing checking accounts	64,333	47,702
Fair Value [Member] \| Level 2 [Member]
Financial Assets:
Held To Maturity Securities Fair Value Disclosure	153,125	155,510
Accrued interest receivable	1,536	1,448
Financial Liabilities:
FHLB advances and other borrowings	118,193
FHLB advances		182,282
Accrued interest payable	537	551
Fair Value [Member] \| Level 3 [Member]
Financial Assets:
Loans held for investment, net	1,924,884	1,723,210
Accrued interest receivable	9,229	9,240
Financial Liabilities:
Time deposits	333,659	287,104
Accrued interest payable	$ 1,265	$ 821

Income Taxes (Tables)	9 Months Ended
Income Taxes (Tables)	Sep. 30, 2024
Income Taxes [Abstract]
Provision for Income Taxes	Nine Months Ended September 30, 2024 2023 Current: Federal $ - $ - State - - Total current - - Deferred: Federal 4,384 3,510 State 1,222 954 Total deferred 5,606 4,464 Total tax expense $ 5,606 $ 4,464
Statutory Tax Expense	Nine Months Ended September 30, 2024 2023 Federal taxes at statutory rate $ 4,909 $ 3,840 State income taxes, net of federal tax benefit 1,016 795 Bank owned life insurance (319) (171) Other, net - - Total tax expense $ 5,606 $ 4,464
Schedule of Deferred Tax Assets and Liabilities	September 30, 2024 December 31, 2023 Deferred tax assets: Net operating loss $ 10,562 $ 16,430 Allowance for credit losses 5,912 5,410 Lease liability 2,330 2,895 Unrealized losses on available for sale securities 12,881 15,114 Depreciable property 149 203 Equity compensation 906 630 Accruals 417 382 Other, net 61 10 Deferred tax assets: 33,218 41,074 Deferred tax liabilities: Deferred loan cost (967) (553) Lease right of use asset (2,330) (2,895) Deferred expenses (298) (180) Cash flow hedge (5) (85) Other, net (78) (79) Deferred tax liabilities (3,678) (3,792) Net deferred tax assets $ 29,540 $ 37,282

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Investment securities held to maturity, allowance for credit loss	$ 8	$ 8
Investment securities held to maturity, fair value	153,125	155,510
Allowance for credit losses	$ 23,067	$ 21,084
Preferred Stock Class C [Member]
Preferred stock, par value	$ 1	$ 1
Preferred stock, per share liquidation preference	$ 1,000	$ 1,000
Preferred stock, shares authorized	52,748	52,748
Preferred stock, shares issued	0	0
Preferred stock, share outstanding	0	0
Preferred Stock Class D [Member]
Preferred stock, par value	$ 1	$ 1
Preferred stock, per share liquidation preference	$ 5	$ 5
Preferred stock, shares authorized	12,309,480	12,309,480
Preferred stock, shares issued	0	0
Preferred stock, share outstanding	0	0
Preferred Stock Class E [Member]
Preferred stock, par value	$ 1	$ 1
Preferred stock, per share liquidation preference	$ 1,000	$ 1,000
Preferred stock, shares authorized	3,185,024	3,185,024
Preferred stock, shares issued	0	0
Preferred stock, share outstanding	0	0
Common Class A [Member]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	19,620,632	19,575,435
Common stock, shares outstanding	19,620,632	19,575,435
Common Class B [Member]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	8,000,000	8,000,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

Earnings Per Share (Calculation of Net Income (Loss) Available to Common Stockholders) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income	$ 6,949	$ 3,819	$ 17,770	$ 13,824
Net income available to common stockholders	$ 6,949	$ 3,819	$ 17,770	$ 13,824

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 6.B)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

+ Details

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income:
Loans, including fees	$ 29,819	$ 22,523	$ 84,479	$ 63,081
Investment securities	2,754	2,833	8,634	7,501
Interest-bearing deposits in financial institutions	989	1,026	3,953	2,459
Total interest income	33,562	26,382	97,066	73,041
Interest expense:
Interest-bearing checking	411	331	1,171	574
Money market and savings accounts	10,064	8,779	30,529	20,532
Time deposits	3,391	2,565	9,907	5,767
Federal Home Loan Bank advances and other borrowings	1,587	685	4,881	1,976
Total interest expense	15,453	12,360	46,488	28,849
Net interest income before provision for credit losses	18,109	14,022	50,578	44,192
Provision for credit losses	931	653	2,127	892
Net interest income after provision for credit losses	17,178	13,369	48,451	43,300
Non-interest income:
Service fees	2,544	1,329	6,172	3,707
Gain (loss) on sale of securities available for sale, net		(955)	14	(976)
Gain on sale of loans held for sale, net	109	255	593	696
Other non-interest income	785	1,532	2,334	2,650
Total non-interest income	3,438	2,161	9,113	6,077
Non-interest expense:
Salaries and employee benefits	7,200	6,066	20,863	18,325
Occupancy	1,341	1,350	3,921	3,968
Regulatory assessment and fees	452	365	1,361	1,041
Consulting and legal fees	161	513	1,016	1,257
Network and information technology services	513	481	1,499	1,464
Other operating expense	1,787	1,686	5,528	5,034
Total non-interest expense	11,454	10,461	34,188	31,089
Income before income tax expense	9,162	5,069	23,376	18,288
Income tax expense	2,213	1,250	5,606	4,464
Net income	$ 6,949	$ 3,819	$ 17,770	$ 13,824
Common Class A [Member]
Per share information:
Net income per share, basic	$ 0.35	$ 0.20	$ 0.90	$ 0.70
Net income per share, diluted	0.35	0.19	0.90	0.70
Cash dividend declared	$ 0.05	$ 0	$ 0.15	$ 0

Fair Value Measurements (Schedule of Assets Measured at Fair Value on Recurring and Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	$ 259,527	$ 229,329
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	259,527	229,329
Derivative assets	7,713	4,892
Total assets at fair value	267,240	234,221
Derivative liabilities	7,695	7,988
Total liabilities at fair value	7,695	7,988
U.S. Government Agency [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	10,733	8,173
Collateralized Mortgage Obligations [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	84,194	80,606
Mortgage-Backed Securities - Residential [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	50,762	52,187
Mortgage-Backed Securities - Commercial [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	70,333	42,764
Municipal Securities [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	20,425	19,338
Bank Subordinated Debt Securities [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	23,080	26,261
Level 2 [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	259,527	229,329
Derivative assets	7,713	4,892
Total assets at fair value	267,240	234,221
Derivative liabilities	7,695	7,988
Total liabilities at fair value	7,695	7,988
Level 2 [Member] \| U.S. Government Agency [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	10,733	8,173
Level 2 [Member] \| Collateralized Mortgage Obligations [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	84,194	80,606
Level 2 [Member] \| Mortgage-Backed Securities - Residential [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	50,762	52,187
Level 2 [Member] \| Mortgage-Backed Securities - Commercial [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	70,333	42,764
Level 2 [Member] \| Municipal Securities [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	20,425	19,338
Level 2 [Member] \| Bank Subordinated Debt Securities [Member] \| Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	$ 23,080	$ 26,261

Investment Securities (Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Fair Value Less than 12 months	$ 21,059	$ 34,182
Unrealized Losses, Less than 12 months	(307)	(989)
Fair Value, 12 Months or More	343,270	338,700
Unrealized Losses 12 Months Or More	(65,463)	(78,373)
Fair value	364,329	372,882
Unrealized Losses	(65,770)	(79,362)
U.S. Government Agency [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Fair Value Less than 12 months	796
Unrealized Losses, Less than 12 months	(2)
Fair Value, 12 Months or More	47,141	46,479
Unrealized Losses 12 Months Or More	(6,302)	(8,043)
Fair value	47,937	46,479
Unrealized Losses	(6,304)	(8,043)
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Fair Value Less than 12 months	1,854
Unrealized Losses, Less than 12 months	(1)
Fair Value, 12 Months or More	130,104	135,358
Unrealized Losses 12 Months Or More	(30,448)	(35,566)
Fair value	131,958	135,358
Unrealized Losses	(30,449)	(35,566)
Mortgage-Backed Securities - Residential [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Fair Value Less than 12 months		5,290
Unrealized Losses, Less than 12 months		(47)
Fair Value, 12 Months or More	82,457	83,484
Unrealized Losses 12 Months Or More	(15,097)	(18,365)
Fair value	82,457	88,774
Unrealized Losses	(15,097)	(18,412)
Mortgage-Backed Securities - Commercial [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Fair Value Less than 12 months	15,347	20,292
Unrealized Losses, Less than 12 months	(173)	(611)
Fair Value, 12 Months or More	39,657	33,083
Unrealized Losses 12 Months Or More	(7,672)	(8,623)
Fair value	55,004	53,375
Unrealized Losses	(7,845)	(9,234)
Municipal Securities [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Fair Value Less than 12 months
Unrealized Losses, Less than 12 months
Fair Value, 12 Months or More	20,425	19,338
Unrealized Losses 12 Months Or More	(4,520)	(5,667)
Fair value	20,425	19,338
Unrealized Losses	(4,520)	(5,667)
Bank Subordinated Debt Securities [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Fair Value Less than 12 months	3,062	8,600
Unrealized Losses, Less than 12 months	(131)	(331)
Fair Value, 12 Months or More	14,605	12,287
Unrealized Losses 12 Months Or More	(1,254)	(1,703)
Fair value	17,667	20,887
Unrealized Losses	(1,385)	(2,034)
Corporate Bonds [Member]
Debt Securities, Available-for-sale and Held-to-maturity [Line Items]
Fair Value Less than 12 months
Unrealized Losses, Less than 12 months
Fair Value, 12 Months or More	8,881	8,671
Unrealized Losses 12 Months Or More	(170)	(406)
Fair value	8,881	8,671
Unrealized Losses	$ (170)	$ (406)

Loans (Aging Analysis of Accruing and Total Non-Accruing Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	1,924,822	1,778,176
Non-Accrual	2,725	468
Balances, end of period	1,927,547	1,778,644
Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	283,163	204,419
Non-Accrual	314
Balances, end of period	283,477	204,419
Residential Real Estate [Member] \| HELOC and Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	843	559
Non-Accrual
Balances, end of period	843	559
Residential Real Estate [Member] \| 1-4 Family Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	233,814	156,553
Non-Accrual
Balances, end of period	233,814	156,553
Residential Real Estate [Member] \| Condo Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	48,506	47,307
Non-Accrual	314
Balances, end of period	48,820	47,307
Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	1,095,112	1,047,593
Non-Accrual
Balances, end of period	1,095,112	1,047,593
Commercial Real Estate [Member] \| Land and Construction [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	38,342	33,710
Non-Accrual
Balances, end of period	38,342	33,710
Commercial Real Estate [Member] \| Multifamily Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	204,298	181,287
Non-Accrual
Balances, end of period	204,298	181,287
Commercial Real Estate [Member] \| Condo Commercial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	56,921	58,106
Non-Accrual
Balances, end of period	56,921	58,106
Commercial Real Estate [Member] \| Commercial Property [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	795,551	774,459
Non-Accrual
Balances, end of period	795,551	774,459
Commercial Real Estate [Member] \| Leasehold Improvements [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing		31
Non-Accrual
Balances, end of period		31
Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	246,119	219,289
Non-Accrual	420	468
Balances, end of period	246,539	219,757
Commercial and Industrial [Member] \| Secured [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	230,202	200,264
Non-Accrual	420	468
Balances, end of period	230,622	200,732
Commercial and Industrial [Member] \| Unsecured [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	15,917	19,025
Non-Accrual
Balances, end of period	15,917	19,025
Correspondent Banks [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	103,815	114,945
Non-Accrual
Balances, end of period	103,815	114,945
Consumer and Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Past Due >90Days and Still Accruing
Total Accruing	196,613	191,930
Non-Accrual	1,991
Balances, end of period	198,604	191,930
Current [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	1,920,805	1,771,811
Current [Member] \| Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	279,146	199,973
Current [Member] \| Residential Real Estate [Member] \| HELOC and Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	843	559
Current [Member] \| Residential Real Estate [Member] \| 1-4 Family Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	229,797	155,842
Current [Member] \| Residential Real Estate [Member] \| Condo Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	48,506	43,572
Current [Member] \| Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	1,095,112	1,045,703
Current [Member] \| Commercial Real Estate [Member] \| Land and Construction [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	38,342	33,710
Current [Member] \| Commercial Real Estate [Member] \| Multifamily Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	204,298	181,287
Current [Member] \| Commercial Real Estate [Member] \| Condo Commercial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	56,921	58,106
Current [Member] \| Commercial Real Estate [Member] \| Commercial Property [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	795,551	772,569
Current [Member] \| Commercial Real Estate [Member] \| Leasehold Improvements [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing		31
Current [Member] \| Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	246,119	219,260
Current [Member] \| Commercial and Industrial [Member] \| Secured [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	230,202	200,235
Current [Member] \| Commercial and Industrial [Member] \| Unsecured [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	15,917	19,025
Current [Member] \| Correspondent Banks [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	103,815	114,945
Current [Member] \| Consumer and Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	196,613	191,930
Past Due 30-89 Days [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	4,017	6,365
Past Due 30-89 Days [Member] \| Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	4,017	4,446
Past Due 30-89 Days [Member] \| Residential Real Estate [Member] \| HELOC and Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing
Past Due 30-89 Days [Member] \| Residential Real Estate [Member] \| 1-4 Family Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing	4,017	711
Past Due 30-89 Days [Member] \| Residential Real Estate [Member] \| Condo Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing		3,735
Past Due 30-89 Days [Member] \| Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing		1,890
Past Due 30-89 Days [Member] \| Commercial Real Estate [Member] \| Land and Construction [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing
Past Due 30-89 Days [Member] \| Commercial Real Estate [Member] \| Multifamily Residential [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing
Past Due 30-89 Days [Member] \| Commercial Real Estate [Member] \| Condo Commercial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing
Past Due 30-89 Days [Member] \| Commercial Real Estate [Member] \| Commercial Property [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing		1,890
Past Due 30-89 Days [Member] \| Commercial Real Estate [Member] \| Leasehold Improvements [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing
Past Due 30-89 Days [Member] \| Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing		29
Past Due 30-89 Days [Member] \| Commercial and Industrial [Member] \| Secured [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing		29
Past Due 30-89 Days [Member] \| Commercial and Industrial [Member] \| Unsecured [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing
Past Due 30-89 Days [Member] \| Correspondent Banks [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing
Past Due 30-89 Days [Member] \| Consumer and Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Accruing

Stockholders' Equity (Schedule of Dividends Declared and Paid) (Details) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares
O2024Q1 Dividends [Member]
Dividends Payable [Line Items]
Declaration Date	Jan. 22, 2024
Record Date	Feb. 15, 2024
Dividends Payable, Date to be Paid	Mar. 05, 2024
Dividend Per Share \| $ / shares	$ 0.05
Dividend Amount \| $	$ 1.0
O2024Q2 Dividends [Member]
Dividends Payable [Line Items]
Declaration Date	Apr. 22, 2024
Record Date	May 15, 2024
Dividends Payable, Date to be Paid	Jun. 05, 2024
Dividend Per Share \| $ / shares	$ 0.05
Dividend Amount \| $	$ 1.0
O2024Q3 Dividends [Member]
Dividends Payable [Line Items]
Declaration Date	Jul. 22, 2024
Record Date	Aug. 15, 2024
Dividends Payable, Date to be Paid	Sep. 05, 2024
Dividend Per Share \| $ / shares	$ 0.05
Dividend Amount \| $	$ 1.0

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Oct. 31, 2024
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Document Fiscal Year Focus	2024
Entity File Number	001-41196
Entity Registrant Name	USCB Financial Holdings, Inc.
Entity Incorporation State Country Code	FL
Entity Tax Identification Number	87-4070846
Entity Address Address Line 1	2301 N.W. 87th Avenue
Entity Address City Or Town	Doral
Entity Address State Or Province	FL
Entity Address Postal Zip Code	33172
City Area Code	305
Local Phone Number	715-5200
Security 12b Title	Class A common stock, $1.00 par value per share
Trading Symbol	USCB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		19,840,632
Amendment Flag	false
Entity Central Index Key	0001901637
Document Fiscal Period Focus	Q3

Investment Securities (Tables)	9 Months Ended
Investment Securities (Tables)	Sep. 30, 2024
Investments Securities [Abstract]
Schedule of Available-for-sale Securities and Held-to-maturity Securities Reconciliation	September 30, 2024 Available-for-sale: Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government Agency $ 11,916 $ 21 $ (1,204) $ 10,733 Collateralized mortgage obligations 104,228 55 (20,089) 84,194 Mortgage-backed securities - residential 60,390 21 (9,649) 50,762 Mortgage-backed securities - commercial 75,263 676 (5,606) 70,333 Municipal securities 24,945 - (4,520) 20,425 Bank subordinated debt securities 24,272 193 (1,385) 23,080 $ 301,014 $ 966 $ (42,453) $ 259,527 Held-to-maturity: U.S. Government Agency $ 42,909 $ 97 $ (4,041) $ 38,965 Collateralized mortgage obligations 58,345 386 (6,328) 52,403 Mortgage-backed securities - residential 41,173 677 (3,537) 38,313 Mortgage-backed securities - commercial 15,316 35 (788) 14,563 Corporate bonds 9,266 - (385) 8,881 $ 167,009 $ 1,195 $ (15,079) $ 153,125 Allowance for credit losses - securities held-to-maturity (8) Securities held-to maturity, net of allowance for credit losses $ 167,001 December 31, 2023 Available-for-sale: Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government Agency $ 9,664 $ - $ (1,491) $ 8,173 Collateralized mortgage obligations 103,645 - (23,039) 80,606 Mortgage-backed securities - residential 63,795 - (11,608) 52,187 Mortgage-backed securities - commercial 49,212 56 (6,504) 42,764 Municipal securities 25,005 - (5,667) 19,338 Bank subordinated debt securities 28,106 188 (2,033) 26,261 $ 279,427 $ 244 $ (50,342) $ 229,329 Held-to-maturity: U.S. Government Agency $ 43,626 $ 2 $ (5,322) $ 38,306 Collateralized mortgage obligations 62,735 - (7,983) 54,752 Mortgage-backed securities - residential 43,784 348 (4,533) 39,599 Mortgage-backed securities - commercial 15,439 - (1,257) 14,182 Corporate bonds 9,398 - (727) 8,671 $ 174,982 $ 350 $ (19,822) $ 155,510 Allowance for credit losses - securities held-to-maturity (8) Securities held-to maturity, net of allowance for credit losses $ 174,974
Schedule of Realized Gains and Losses	Three Months Ended September 30, Nine Months Ended September 30, Available-for-sale: 2024 2023 2024 2023 Proceeds from sale and call of securities $ - $ 6,792 $ 34,753 $ 15,409 Gross gains $ - $ - $ 195 $ 3 Gross losses - (955) (181) (979) Net realized gain (loss) $ - $ (955) $ 14 $ (976)
Amortized Cost and Fair Value of Investment Securities by Contractual Maturity Date	Available-for-sale Held-to-maturity September 30, 2024: Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ - $ - $ - $ - Due after one year through five years 1,000 1,006 9,266 8,881 Due after five years through ten years 42,975 38,294 - - Due after ten years 5,242 4,205 - - U.S. Government Agency 11,916 10,733 42,909 38,965 Collateralized mortgage obligations 104,228 84,194 58,345 52,403 Mortgage-backed securities - residential 60,390 50,762 41,173 38,313 Mortgage-backed securities - commercial 75,263 70,333 15,316 14,563 $ 301,014 $ 259,527 $ 167,009 $ 153,125
Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value	September 30, 2024 Less than 12 months 12 months or more Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government Agency $ 796 $ (2) $ 47,141 $ (6,302) $ 47,937 $ (6,304) Collateralized mortgage obligations 1,854 (1) 130,104 (30,448) 131,958 (30,449) Mortgage-backed securities - residential - - 82,457 (15,097) 82,457 (15,097) Mortgage-backed securities - commercial 15,347 (173) 39,657 (7,672) 55,004 (7,845) Municipal securities - - 20,425 (4,520) 20,425 (4,520) Bank subordinated debt securities 3,062 (131) 14,605 (1,254) 17,667 (1,385) Corporate bonds - - 8,881 (170) 8,881 (170) $ 21,059 $ (307) $ 343,270 $ (65,463) $ 364,329 $ (65,770) December 31, 2023 Less than 12 months 12 months or more Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government Agency $ - $ - $ 46,479 $ (8,043) $ 46,479 $ (8,043) Collateralized mortgage obligations - - 135,358 (35,566) 135,358 (35,566) Mortgage-backed securities - residential 5,290 (47) 83,484 (18,365) 88,774 (18,412) Mortgage-backed securities - commercial 20,292 (611) 33,083 (8,623) 53,375 (9,234) Municipal securities - - 19,338 (5,667) 19,338 (5,667) Bank subordinated debt securities 8,600 (331) 12,287 (1,703) 20,887 (2,034) Corporate bonds - - 8,671 (406) 8,671 (406) $ 34,182 $ (989) $ 338,700 $ (78,373) $ 372,882 $ (79,362)

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	9. EARNINGS PER SHARE Earnings per share (“EPS”) for common stock is calculated using the two-class method required for participating securities. Basic EPS is calculated by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted EPS is computed by dividing net income (loss) available to common share holders by the weighted -average number of common shares outstanding for the period and the weighted-average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For purposes of this calculation, common stock equivalents include common stock options and are only included in the calculation of diluted EPS when their effect is dilutive. The following table reflects the calculation of net income available to common shareholders for the three and nine months ended September 30, 2024 and 2023 (in thousands): The following table reflects the calculation of basic and diluted earnings per common share class for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net Income $ 6,949 $ 3,819 $ 17,770 $ 13,824 Net income available to common shareholders $ 6,949 $ 3,819 $ 17,770 $ 13,824 Three Months Ended September 30, 2024 2023 Class A Class A Basic EPS Numerator: Net income available to common shares $ 6,949 $ 3,819 Denominator: Weighted average shares outstanding 19,621,447 19,542,723 Earnings per share, basic $ 0.35 $ 0.20 Diluted EPS Numerator: Net income available to common shares $ 6,949 $ 3,819 Denominator: Weighted average shares outstanding for basic EPS 19,621,447 19,542,723 Add: Dilutive effects of assumed exercises of stock options 203,764 69,174 Weighted avg. shares including dilutive potential common shares 19,825,211 19,611,897 Earnings per share, diluted $ 0.35 $ 0.19 Anti-dilutive stock options excluded from diluted EPS - 720,500 Net income has not been allocated to unvested restricted stock awards that are participating securities because the amounts that would be allocated are not material to net income per share of common stock. Unvested restricted stock awards that are participating securities represent less than one percent of all of the outstanding shares of common stock for each of the periods presented. Nine Months Ended September 30, 2024 2023 Class A Class A Basic EPS Numerator: Net income available to common shares $ 17,770 $ 13,824 Denominator: Weighted average shares outstanding 19,653,103 19,661,685 Earnings per share, basic $ 0.90 $ 0.70 Diluted EPS Numerator: Net income available to common shares $ 17,770 $ 13,824 Denominator: Weighted average shares outstanding for basic EPS 19,653,103 19,661,685 Add: Dilutive effects of assumed exercises of stock options 108,139 67,496 Weighted avg. shares including dilutive potential common shares 19,761,242 19,729,181 Earnings per share, diluted $ 0.90 $ 0.70 Anti-dilutive stock options excluded from diluted EPS 15,000 720,500 Net income has not been allocated to unvested restricted stock awards that are participating securities because the amounts that would be allocated are not material to net income per share of common stock. Unvested restricted stock awards that are participating securities represent less than one percent of all of the outstanding shares of common stock for each of the periods presented.

Off-Balance Sheet Arrangements (Tables)	9 Months Ended
Off-Balance Sheet Arrangements (Tables)	Sep. 30, 2024
Off-Balance Sheet Arrangements [Abstract]
Schedule of Financials Instruments with Off-Balance Sheet Risk	September 30, 2024 December 31, 2023 Commitments to grant loans and unfunded lines of credit $ 104,851 $ 85,117 Standby and commercial letters of credit 4,507 3,987 Total $ 109,358 $ 89,104

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 17,770	$ 13,824
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	2,127	892
Depreciation and amortization	436	443
(Accretion) amortization of premiums on securities, net	(365)	(651)
Accretion of deferred loan fees, net	660	(236)
Stock-based compensation	1,112	709
(Gain) loss on sale of available for sale securities	(14)	976
Gain on sale of loans held for sale	(593)	(696)
Increase in cash surrender value of bank owned life insurance	(1,257)	(1,756)
Decrease in deferred tax assets	5,129	4,465
Net change in operating assets and liabilities:
Accrued interest receivable	(77)	(1,374)
Other assets	(8,292)	(751)
Accrued interest and other liabilities	20,505	12,679
Net cash provided by operating activities	37,141	28,524
Cash flows from investing activities:
Purchase of investment securities held to maturity		(86,788)
Proceeds from maturities and pay-downs of investment securities held to maturity	8,110	79,085
Purchase of investment securities available for sale	(70,996)	(26,792)
Proceeds from maturities and pay-downs of investment securities available for sale	15,097	11,679
Proceeds from sales of investment securities available for sale	34,753	15,409
Net increase in loans held for investment	(99,627)	(165,662)
Purchase of loans held for investment	(58,368)	(13,277)
Additions to premises and equipment	(256)	(131)
Proceeds from the sale of loans held for sale	7,408	10,715
Purchase of Bank owned life insurance		(11,100)
Proceeds from the redemption of Federal Home Loan Bank stock	8,645	6,517
Purchase of Federal Home Loan Bank stock	(5,734)	(9,940)
Net cash used in investment activities	(160,968)	(190,285)
Cash flows from financing activities:
Proceeds from issuance of Class A common stock, net	323
Cash dividends paid	(3,049)
Repurchase of Class A common stock	(501)	(6,613)
Net increase in deposits	189,478	91,641
Proceeds from Federal Home Loan Bank advances and other borrowings	197,000	259,350
Repayments on Federal Home Loan Bank advances and other borrowings	(262,000)	(203,350)
Net cash provided by financing activities	121,251	141,028
Net decrease in cash and cash equivalents	(2,576)	(20,733)
Cash and cash equivalents at beginning of period	41,062	54,168
Cash and cash equivalents at end of period	38,486	33,435
Supplemental disclosure of cash flow information:
Interest paid	46,058	27,872
Supplemental schedule of non-cash investing and financing activities:
Transfer of loans held for investment to loans held for sale	$ 6,815	$ 10,019

Stockholders' Equity (Narrative) (Details) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 27, 2021 USD ($) $ / shares shares	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 $ / shares	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2021	Oct. 31, 2024 shares	Apr. 22, 2024 shares	Mar. 31, 2024 shares	Dec. 31, 2023 shares	Mar. 31, 2023 shares
Class of Stock [Line Items]
Common stock issued share price		$ 1.00		$ 1.00
Common stock, stock split conversion ratio						1
Stock Repurchased During Period Value \| $		$ 121		$ 501	$ 6,613
Total risk-based capital, Actual, Ratio		0.1314		0.1314
O2024Q1 Dividends [Member]
Class of Stock [Line Items]
Common stock dividend per share				$ 0.05
Dividends paid \| $				$ 1,000
O2024Q2 Dividends [Member]
Class of Stock [Line Items]
Common stock dividend per share				$ 0.05
Dividends paid \| $				$ 1,000
O2023Q2 Dividends [Member]
Class of Stock [Line Items]
Cash dividend declared			$ 0
O2023H1 Dividends [Member]
Class of Stock [Line Items]
Cash dividend declared					$ 0
O2024Q3 Dividends [Member]
Class of Stock [Line Items]
Common stock dividend per share				$ 0.05
Dividends paid \| $				$ 1,000
2015 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Shares remained authorized for repurchase \| shares		537,980		537,980
Subsidiaries [Member]
Class of Stock [Line Items]
Common stock issued share price		$ 1.00		$ 1.00
Common Class A [Member]
Class of Stock [Line Items]
Common stock, shares issued \| shares		19,620,632		19,620,632						19,575,435
Shares Outstanding \| shares		19,620,632		19,620,632						19,575,435
Cash dividend declared		$ 0.05	$ 0	$ 0.15	$ 0
Common Class A [Member] \| Share Repurchase Plan 2024 [Member]
Class of Stock [Line Items]
Shares remained authorized for repurchase \| shares								500,000
Percentage of stock authorized for repurchase								2.50%
Common Class A [Member] \| 2015 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Common stock, shares issued \| shares									52,753		121,627
Stock Repurchased During Period Value \| $		$ 120			$ 6,600
Common Class A [Member] \| 2015 Equity Incentive Plan [Member] \| Treasury Stock, Common [Member]
Class of Stock [Line Items]
Shares repurchased, cost per share		$ 11.99			$ 9.77
Stock Repurchased During Period Shares \| shares		10,000			577,603
Common Class A [Member] \| Subsequent Event [Member]
Class of Stock [Line Items]
Shares Outstanding \| shares							19,840,632
Common Class A [Member] \| Subsequent Event [Member] \| 2015 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Common stock, shares issued \| shares							220,000
Common Class A [Member] \| IPO [Member]
Class of Stock [Line Items]
Stock issued \| shares	4,600,000
Proceeds from issuance of common stock \| $	$ 40,000
Common stock issued share price	$ 10.00

Derivatives (Narrative) (Details) - Interest Rate Swap [Member] $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) Item	Sep. 30, 2024 USD ($) Item	Dec. 31, 2023 USD ($) Item
Customer Loans [Member]
Derivatives Fair Value [Line Items]
Number of instruments \| Item	39	39	20
Notional amount	$ 143,800	$ 143,800	$ 46,500
Cash Flow Hedging [Member]
Derivatives Fair Value [Line Items]
Notional amount	$ 50,000	$ 50,000	50,000
Designated As Hedging Instrument [Member]
Derivatives Fair Value [Line Items]
Notional amount			$ 200,000
Designated As Hedging Instrument [Member] \| Cash Flow Hedging [Member]
Derivatives Fair Value [Line Items]
Number of instruments \| Item	2	2	2
Notional amount	$ 50,000	$ 50,000	$ 50,000
Average maturity		1 year 7 months 17 days	2 years 4 months 17 days
Weighted average fixed interest rate	3.59%	3.59%	3.59%
Designated As Hedging Instrument [Member] \| Fair Value Hedging [Member]
Derivatives Fair Value [Line Items]
Termination fee of derivatives		$ 3,700
Number of instruments terminated \| Item	4	4
Notional amount	$ 200,000	$ 200,000
Average maturity	1 year 6 months 3 days

Loans (Loan Credit Exposures, Term Loans by Origination Year) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment [Line Items]
2024	$ 395,117
2023	321,394	$ 476,967
2022	461,029	486,064
2021	272,273	293,457
2020	110,843	118,070
2019		103,334
Prior	327,514	262,818
Revolving Loans	39,377	37,934
Total	1,927,547	1,778,644
Pass [Member]
Financing Receivable Recorded Investment [Line Items]
2024	395,117
2023	321,394	476,967
2022	459,038	486,064
2021	269,961	286,260
2020	110,155	117,376
2019		101,744
Prior	325,800	262,818
Revolving Loans	39,140	37,934
Total	1,920,605	1,769,163
Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
2024
2023
2022
2021
2020
2019
Prior
Revolving Loans
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
2024
2023
2022	1,991
2021	2,312	7,197
2020	688	694
2019		1,590
Prior	1,714
Revolving Loans	237
Total	6,942	9,481
Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
2024
2023
2022
2021
2020
2019
Prior
Revolving Loans
Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
2024	96,900
2023	40,187	44,365
2022	34,454	36,325
2021	23,930	26,180
2020	5,823	6,080
2019		9,617
Prior	72,435	75,654
Revolving Loans	9,748	6,198
Total	283,477	204,419
Residential Real Estate [Member] \| Pass [Member]
Financing Receivable Recorded Investment [Line Items]
2024	96,900
2023	40,187	44,365
2022	34,454	36,325
2021	23,930	26,180
2020	5,823	6,080
2019		9,325
Prior	71,867	75,654
Revolving Loans	9,748	6,198
Total	282,909	204,127
Residential Real Estate [Member] \| Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
2023
2022
2021
2020
2019		292
Prior	568
Revolving Loans
Total	568	292
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable Recorded Investment [Line Items]
2024	116,130
2023	132,831	148,311
2022	323,299	337,938
2021	179,057	190,891
2020	100,056	104,876
2019		78,153
Prior	239,803	182,714
Revolving Loans	3,936	4,710
Total	1,095,112	1,047,593
Commercial Real Estate Portfolio Segment [Member] \| Pass [Member]
Financing Receivable Recorded Investment [Line Items]
2024	116,130
2023	132,831	148,311
2022	323,299	337,938
2021	177,281	184,024
2020	99,368	104,182
2019		78,153
Prior	239,803	182,714
Revolving Loans	3,936	4,710
Total	1,092,648	1,040,032
Commercial Real Estate Portfolio Segment [Member] \| Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
2024
2023
2022
2021	1,776	6,867
2020	688	694
2019
Prior
Revolving Loans
Total	2,464	7,561
Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
2024	46,599
2023	91,611	97,753
2022	35,031	37,414
2021	31,486	34,420
2020	4,469	6,499
2019		15,004
Prior	13,640	3,113
Revolving Loans	23,703	25,554
Total	246,539	219,757
Commercial and Industrial [Member] \| Pass [Member]
Financing Receivable Recorded Investment [Line Items]
2024	46,599
2023	91,611	97,753
2022	35,031	37,414
2021	30,950	34,090
2020	4,469	6,499
2019		13,706
Prior	12,494	3,113
Revolving Loans	23,466	25,554
Total	244,620	218,129
Commercial and Industrial [Member] \| Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
2024
2023
2022
2021	536	330
2020
2019		1,298
Prior	1,146
Revolving Loans	237
Total	1,919	1,628
Correspondent Banks [Member]
Financing Receivable Recorded Investment [Line Items]
2024	100,865
2023	2,950	114,945
2022
2021
2020
2019
Prior
Revolving Loans
Total	103,815	114,945
Correspondent Banks [Member] \| Pass [Member]
Financing Receivable Recorded Investment [Line Items]
2024	100,865
2023	2,950	114,945
2022
2021
2020
2019
Prior
Revolving Loans
Total	103,815	114,945
Consumer and Other [Member]
Financing Receivable Recorded Investment [Line Items]
2024	34,623
2023	53,815	71,593
2022	68,245	74,387
2021	37,800	41,966
2020	495	615
2019		560
Prior	1,636	1,337
Revolving Loans	1,990	1,472
Total	198,604	191,930
Consumer and Other [Member] \| Pass [Member]
Financing Receivable Recorded Investment [Line Items]
2024	34,623
2023	53,815	71,593
2022	66,254	74,387
2021	37,800	41,966
2020	495	615
2019		560
Prior	1,636	1,337
Revolving Loans	1,990	1,472
Total	196,613	$ 191,930
Consumer and Other [Member] \| Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
2024
2023
2022	1,991
2021
2020
Prior
Revolving Loans
Total	$ 1,991

Loans (Narrative) (Details)	3 Months Ended		9 Months Ended
Loans (Narrative) (Details)	Sep. 30, 2024 USD ($) Item	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Item	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Accounts Notes And Loans Receivable [Line Items]
Loans pledged as collateral	$ 1,927,547,000		$ 1,927,547,000				$ 1,778,644,000
Interest income recognized attributable to nonaccrual loans	0	$ 0
Charge-offs	7,000	3,000	17,000	$ 48,000
Total TDRs	468,000		468,000
Total Non-accruals	2,725,000		2,725,000				468,000
Allowance for credit losses	$ 23,067,000	19,493,000	$ 23,067,000	19,493,000		$ 22,230,000	21,084,000	$ 18,815,000	$ 17,487,000
Number of loans modified \| Item	1		1
Loan modifications that subsequently defaulted	$ 0	0	$ 0	0
Accounting Standards Update 201613 [Member]
Accounts Notes And Loans Receivable [Line Items]
Increase in allowance for credit losses			2,000,000.0
Loans performed in accordance with their original terms [Member]
Accounts Notes And Loans Receivable [Line Items]
Interest income recognized attributable to nonaccrual loans	24,000	12,000	44,000		$ 28,000
Loans Originated in 2015 [Member]
Accounts Notes And Loans Receivable [Line Items]
Charge-offs				21,000
Loans Originated in 2023 [Member]
Accounts Notes And Loans Receivable [Line Items]
Charge-offs		3,000		27,000
Loans Originated in 2024 [Member]
Accounts Notes And Loans Receivable [Line Items]
Charge-offs	7,000		17,000
Collateral Pledged [Member] \| Loans performed in accordance with their original terms [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans pledged as collateral	0		0				0
Commercial and Industrial [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans pledged as collateral	246,539,000		246,539,000				219,757,000
Charge-offs
Forecasted change of no risk to high risk on increase in ACL amount			$ 6,400,000
Forecasted impact of no risk to high risk on percentage increase in ACL			29.30%
Total TDRs	468,000		$ 468,000
Total Non-accruals	420,000		420,000				468,000
Allowance for credit losses	$ 4,661,000	3,246,000	$ 4,661,000	3,246,000		4,747,000	3,974,000	2,500,000	4,163,000
Number of loans modified \| Item	1		1
Commercial and Industrial [Member] \| Federal Home Loan Bank Advances [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans pledged as collateral	$ 535,700,000		$ 535,700,000				534,200,000
Residential Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans pledged as collateral	283,477,000		283,477,000				204,419,000
Charge-offs
Forecasted change of no risk to high risk on increase in ACL amount			244,000
Total Non-accruals	314,000		314,000
Allowance for credit losses	$ 3,955,000	$ 2,511,000	$ 3,955,000	$ 2,511,000		$ 3,193,000	$ 2,695,000	$ 2,673,000	$ 1,352,000
Forecasted reduction of 100 basis points on reserve coverage ratio			1.00%

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 7,084	$ 8,019
Interest-bearing deposits in banks	31,402	33,043
Total cash and cash equivalents	38,486	41,062
Investment securities held to maturity, net of allowance of $8 for both periods (fair value $153,125 and $155,510, respectively)	167,001	174,974
Investment securities available for sale, at fair value	259,527	229,329
Federal Home Loan Bank stock, at cost	7,242	10,153
Loans held for investment, net of allowance of $23,067 and $21,084, respectively	1,908,295	1,759,743
Accrued interest receivable	10,765	10,688
Premises and equipment, net	4,656	4,836
Bank owned life insurance	53,038	51,781
Deferred tax assets, net	29,540	37,282
Lease right-of-use asset	9,194	11,423
Other assets	16,210	7,822
Total assets	2,503,954	2,339,093
Deposits:
Demand deposits	637,313	552,762
Money market and savings accounts	1,091,029	1,048,272
Interest-bearing checking	64,333	47,702
Time deposits	333,942	288,403
Total deposits	2,126,617	1,937,139
Federal Home Loan Bank advances and other borrowings	118,000	183,000
Lease liability	9,194	11,423
Accrued interest and other liabilities	36,227	15,563
Total liabilities	2,290,038	2,147,125
Commitments and contingencies (see Notes 5 and 10)
Stockholders' Equity:
Additional paid-in capital on common stock	306,100	305,212
Accumulated deficit	(73,827)	(88,548)
Accumulated other comprehensive loss	(37,978)	(44,271)
Total stockholders' equity	213,916	191,968
Total liabilities and stockholders' equity	2,503,954	2,339,093
Preferred Stock Class C [Member]
Stockholders' Equity:
Preferred stock
Preferred Stock Class D [Member]
Stockholders' Equity:
Preferred stock
Preferred Stock Class E [Member]
Stockholders' Equity:
Preferred stock
Common Class A [Member]
Stockholders' Equity:
Common stock	19,621	19,575
Common Class B [Member]
Stockholders' Equity:
Common stock

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Deferred tax assets:
Net operating loss	$ 10,562	$ 16,430
Allowance for credit losses	5,912	5,410
Lease liability	2,330	2,895
Unrealized losses on available for sale securities	12,881	15,114
Depreciable property	149	203
Equity compensation	906	630
Accruals	417	382
Other, net	61	10
Deferred tax asset	33,218	41,074
Deferred tax liabilities:
Deferred loan costs	(967)	(553)
Lease right of use asset	(2,330)	(2,895)
Deferred expenses	(298)	(180)
Cash flow hedge	(5)	(85)
Other, net	(78)	(79)
Deferred tax liabilities	(3,678)	(3,792)
Net deferred tax assets	$ 29,540	$ 37,282

Loans (Non-Accrual Status) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual Loans With No Related Allowance	$ 314
Nonaccrual Loans With Related Allowance	2,411	468
Total Non-accruals	2,725	468
Loans Past Due Over 90 Days and Still Accruing
Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual Loans With No Related Allowance	314
Nonaccrual Loans With Related Allowance
Total Non-accruals	314
Loans Past Due Over 90 Days and Still Accruing
Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Non-accruals
Loans Past Due Over 90 Days and Still Accruing
Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual Loans With No Related Allowance
Nonaccrual Loans With Related Allowance	420	468
Total Non-accruals	420	468
Loans Past Due Over 90 Days and Still Accruing
Consumer and Other [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Nonaccrual Loans With Related Allowance	1,991
Total Non-accruals	1,991
Loans Past Due Over 90 Days and Still Accruing

Derivatives (Summary of Interest Rate Swaps) (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Customer Loans [Member]
Derivatives Fair Value [Line Items]
Notional Amount	$ 143,800	$ 46,500
Cash Flow Hedging [Member]
Derivatives Fair Value [Line Items]
Notional Amount	50,000	50,000
Collateral Amount
Asset	18	334
Liability
Designated As Hedging Instrument [Member]
Derivatives Fair Value [Line Items]
Notional Amount		200,000
Collateral Amount
Asset
Liability		3,430
Designated As Hedging Instrument [Member] \| Cash Flow Hedging [Member]
Derivatives Fair Value [Line Items]
Notional Amount	50,000	50,000
Not Designated as Hedging Instrument [Member] \| Customer Loans [Member]
Derivatives Fair Value [Line Items]
Notional Amount	143,801	46,463
Collateral Amount	4,886	1,326
Asset	7,695	4,558
Liability	$ 7,695	$ 4,558

Derivatives	9 Months Ended
Derivatives	Sep. 30, 2024
Derivatives [Abstract]
Derivatives	6. DERIVATIVES The Company utilizes interest rate swap agreements as part of its asset-liability management strategy to help manage its interest rate risk exposure. The notional amount of the interest rate swaps does not represent actual amounts exchanged by the parties. The amounts exchanged are determined by reference to the notional amount and the other terms of the individual interest rate swap agreements. Interest Rate Swaps Designated as a Cash Flow Hedge As of September 30, 2024, the Company had two interest rate swap agreements with a notional aggregate amount of $ 50 million that were designated as cash flow hedges of certificates of deposit. The interest rate swap agreements have an average maturity of 1.63 years, a weighted average fixed-rate paid of 3.59 %, and with a weighted average 3-month compound SOFR being received. As of December 31, 2023, the Company had two interest rate swap agreements with a notional aggregate amount of $ 50 million that were designated as cash flow hedges of certificates of deposit. The interest rate swap agreements have an average maturity of 2.38 years, a weighted average fixed-rate paid of 3.59 %, and with a weighted average 3-month compound SOFR being received. The changes in fair value on these interest rate swaps are recorded in other assets or other liabilities with a corresponding recognition in other comprehensive income (loss) and subsequently reclassified to earnings when gains or losses are realized. Interest Rate Swaps Designated as Fair Value Hedge During the quarter ended September 30, 2024, the Company unwound four fair value interest rate swaps with a notional aggregate amount of $ 200 million. The decision to unwind these swaps was driven by changes in interest rate forecasts and asset-liability management strategies. The early termination fee to unwind the fair value swaps totaled $ 3.7 million. The termination fees allocated to each loan category will be amortized over the remining life of the hedge loans on a monthly straight-line basis with full recognition of the unamortized cost upon the early payoff of the hedge loan. The amortization of the termination fee is reflected in the loan interest income line in the statement of operations. The original maturities of these fair value interest swaps were between 2025 and 2026. The fair value interest rate swap agreements had an average maturity of 1.51 years at the date of termination. Interest Rate Swaps The Company enters into interest rate swaps with its loan customers. The Company had 39 and 20 interest rate swaps with loan customers with an aggregate notional amount of $ 143.8 million and $ 46.5 million at September 30, 2024 and December 31, 2023, respectively. At September 30, 2024, these interest rate swaps mature between 2025 and 2051. The Company entered into corresponding and offsetting derivatives with third parties. The fair value of liability on these derivatives requires the Company to provide the counterparty with funds to be held as collateral which the Company reports as other assets under the Consolidated Balance Sheets. While these derivatives represent economic hedges, they do not qualify as hedges for accounting purposes. The following table reflects the Company’s interest rate swaps at the dates indicated (in thousands): Fair Value Notional Amount Collateral Amount Balance Sheet Location Asset Liability September 30, 2024: Derivatives designated as cash flow hedges: Interest rate swaps $ 50,000 $ - Other assets $ 18 $ - Derivatives not designated as hedging instruments: Interest rate swaps related to customer loans $ 143,801 $ 4,886 Other assets/Other liabilities $ 7,695 $ 7,695 December 31, 2023: Derivatives designated as cash flow hedges: Interest rate swaps $ 50,000 $ - Other assets $ 334 $ - Derivatives designated as fair value hedges: Interest rate swaps $ 200,000 $ - Other liabilities $ - $ 3,430 Derivatives not designated as hedging instruments: Interest rate swaps related to customer loans $ 46,463 $ 1,326 Other assets/Other liabilities $ 4,558 $ 4,558

Earnings Per Share (Calculation of Basic and Diluted Earnings (Loss) per Common Share Class) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic EPS
Net income available to common shares	$ 6,949	$ 3,819	$ 17,770	$ 13,824
Common Class A [Member]
Basic EPS
Net income available to common shares	$ 6,949	$ 3,819	$ 17,770	$ 13,824
Weighted average shares outstanding	19,621,447	19,542,723	19,653,103	19,661,685
Earnings per share, basic	$ 0.35	$ 0.20	$ 0.90	$ 0.70
Diluted EPS
Add: Dilutive effects of assumed exercises of stock options	203,764	69,174	108,139	67,496
Weighted avg. shares including dilutive potential common shares	19,825,211,000	19,611,897,000	19,761,242	19,729,181
Earnings per share, diluted	$ 0.35	$ 0.19	$ 0.90	$ 0.70
Anti-dilutive stock options excluded from diluted EPS	0	720,500	15,000	720,500

Stockholders' Equity (Tables)	9 Months Ended
Stockholders' Equity (Tables)	Sep. 30, 2024
Stockholders' Equity [Abstract]
Schedule of Dividends Declared and Paid	Declaration Date Record Date Payment Date Dividend Per Share Dividend Amount January 22, 2024 February 15, 2024 March 5, 2024 $ 0.05 $ 1.0 million April 22, 2024 May 15, 2024 June 5, 2024 $ 0.05 $ 1.0 million July 22, 2024 August 15, 2024 September 5, 2024 $ 0.05 $ 1.0 million

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-4

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-5

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481142/505-10-45-2

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-10

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Loans (Restructured Loans, by Type of Modification) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) Item
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans \| Item	1
Recorded Investment Prior to Modification	$ 468
Recorded Investment After Modification	$ 468
Commercial and Industrial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans \| Item	1
Recorded Investment Prior to Modification	$ 468
Recorded Investment After Modification	468
Combination Modifications [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Recorded Investment Prior to Modification	468
Recorded Investment After Modification	468
Combination Modifications [Member] \| Commercial and Industrial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Recorded Investment Prior to Modification	468
Recorded Investment After Modification	$ 468

Income Taxes (Narrative) (Details) - USD ($)	9 Months Ended
Income Taxes (Narrative) (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Line Items]
Federal statutory income tax rate	21.00%	21.00%
Unrecognized tax benefits	$ 0	$ 0
Interest or penalties	0	$ 0
Domestic Country [Member]
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	37,800,000
State And Local Jurisdiction [Member]
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	$ 60,500,000

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Overview USCB Financial Holdings, Inc., a Florida corporation incorporated in 2021, is a bank holding company with one direct wholly owned subsidiary, U.S. Century Bank (the “Bank”), together referred to as “the Company”. The Bank, established in 2002, is a Florida state-chartered, non-member financial institution providing financial services through its banking centers located in South Florida. The Bank owns a subsidiary, Florida Peninsula Title LLC, that offers our clients title insurance policies for real estate transactions closed at the Bank. Licensed in the State of Florida and approved by the Department of Insurance Regulation, Florida Peninsula Title LLC began operations in 2021. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with instructions to Form 10-Q and do not include all the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. All adjustments consisting of normally recurring accruals that, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes appearing in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Principles of Consolidation The Company consolidates entities in which it has a controlling financial interest. Intercompany transactions and balances are eliminated in consolidation. Use of Estimates To prepare financial statements in conformity with U.S. GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements. The most significant estimates impacting the Company’s consolidated financial statements are the allowance for credit losses (“ACL”) and income taxes. Reclassifications Certain amounts in the consolidated financial statements have been reclassified to conform to the current presentation. Reclassifications had no impact on the net income or stockholders’ equity of the Company. Recently Issued Accounting Standards Adoption of New Accounting Standards Reference Rate Reform In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2020- 04, Reference Rate Reform (Topic 848), aiming to facilitate the impacts of reference rate reform on financial reporting. This initiative was subsequently clarified in January 2021 through ASU 2021-01, providing optional directives for a designated timeframe to alleviate challenges associated with accounting for, or acknowledging the effects of, reference rate reform on financial reporting. These amendments offer discretionary guidance for a defined period to alleviate potential accounting complexities associated with reference rate reform in financial reporting. The expedients and exceptions provided by these amendments are not applicable to contract modifications executed and hedging relationships initiated or reviewed after December 31, 2022, except for pre-existing hedging relationships as of December 31, 2022, for which an entity has opted for specific optional expedients, and which are retained until the conclusion of the hedging relationship. Additionally, the amendments permit entities to make a one-time choice to divest, transfer, or both divest and transfer debt securities categorized as held to maturity, referencing a rate impacted by reference rate reform, and classified as held to maturity prior to January 1, 2020. In December 2022, the FASB issued new guidance extending the expiration date of this guidance from December 31, 2022 to December 31, 2024, after which entities will no longer be authorized to apply the relief provided under this guidance. Before this recent guidance, these amendments were effective for all entities from March 12, 2020, to December 31, 2022. The Company executed its transition strategy in preparation for the cessation of the London Intrabank Offered Rate (“LIBOR”) and the adjustment of its existing financial instruments affected by LIBOR, whether directly or indirectly. LIBOR-based originations were ceased as of June 30, 2023, and for existing LIBOR-based transactions, the Company substituted the Secured Overnight Financing Rate (“SOFR”) for LIBOR. The Company has completed its transition away from LIBOR for its loan and other financial instruments . Issued and Not Yet Adopted Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, “Income Taxes ” (Topic 740): Improvements to Income Tax Disclosures. This ASU pertains to disclosures regarding effective tax rates and cash income taxes paid with the goal of providing stakeholders with more transparent and relevant information. This ASU is effective for public business entities for annual periods beginning after Dec. 15, 2024. The Company is currently assessing the potential impact of this ASU on its financial reporting and has not yet concluded whether the changes will materially affect its business operations or consolidated financial statements. Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, “Improvements to Reportable Segment Disclosures.” ASU 2023- 07 requires disclosure of significant segment expenses and other segment items on an interim and annual basis. The standard is effective for fiscal years beginning after December 15, 2023 and for interim periods beginning after December 15, 2024. The Company is evaluating the impact of the changes to its existing disclosures.

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2024
Fair Value Measurements [Abstract]
Schedule of Assets Measured at Fair Value on Recurring Basis	September 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Investment securities available for sale: U.S. Government Agency $ - $ 10,733 $ - $ 10,733 $ - $ 8,173 $ - $ 8,173 Collateralized mortgage obligations - 84,194 - 84,194 - 80,606 - 80,606 Mortgage-backed securities - residential - 50,762 - 50,762 - 52,187 - 52,187 Mortgage-backed securities - commercial - 70,333 - 70,333 - 42,764 - 42,764 Municipal securities - 20,425 - 20,425 - 19,338 - 19,338 Bank subordinated debt securities - 23,080 - 23,080 - 26,261 - 26,261 Total - 259,527 - 259,527 - 229,329 - 229,329 Derivative assets - 7,713 - 7,713 - 4,892 - 4,892 Total assets at fair value $ - $ 267,240 $ - $ 267,240 $ - $ 234,221 $ - $ 234,221 Derivative liabilities $ - $ 7,695 $ - $ 7,695 $ - $ 7,988 $ - $ 7,988 Total liabilities at fair value $ - $ 7,695 $ - $ 7,695 $ - $ 7,988 $ - $ 7,988
Carrying Amounts and Estimated Fair Values of Financial Instruments not Carried at Fair Value	Fair Value Hierarchy Carrying Amount Level 1 Level 2 Level 3 Fair Value Amount September 30, 2024: Financial Assets: Cash and due from banks $ 7,084 $ 7,084 $ - $ - $ 7,084 Interest-bearing deposits in banks $ 31,402 $ 31,402 $ - $ - $ 31,402 Investment securities held to maturity, net $ 167,001 $ - $ 153,125 $ - $ 153,125 Loans held for investment, net $ 1,908,295 $ - $ - $ 1,924,884 $ 1,924,884 Accrued interest receivable $ 10,765 $ - $ 1,536 $ 9,229 $ 10,765 Financial Liabilities: Demand deposits $ 637,313 $ 637,313 $ - $ - $ 637,313 Money market and savings accounts $ 1,091,029 $ 1,091,029 $ - $ - $ 1,091,029 Interest-bearing checking accounts $ 64,333 $ 64,333 $ - $ - $ 64,333 Time deposits $ 333,942 $ - $ - $ 333,659 $ 333,659 FHLB advances and other borrowings $ 118,000 $ - $ 118,193 $ - $ 118,193 Accrued interest payable $ 1,802 $ - $ 537 $ 1,265 $ 1,802 December 31, 2023: Financial Assets: Cash and due from banks $ 8,019 $ 8,019 $ - $ - $ 8,019 Interest-bearing deposits in banks $ 33,043 $ 33,043 $ - $ - $ 33,043 Investment securities held to maturity $ 174,974 $ - $ 155,510 $ - $ 155,510 Loans held for investment, net $ 1,759,743 $ - $ - $ 1,723,210 $ 1,723,210 Accrued interest receivable $ 10,688 $ - $ 1,448 $ 9,240 $ 10,688 Financial Liabilities: Demand deposits $ 552,762 $ 552,762 $ - $ - $ 552,762 Money market and savings accounts $ 1,048,272 $ 1,048,272 $ - $ - $ 1,048,272 Interest-bearing checking accounts $ 47,702 $ 47,702 $ - $ - $ 47,702 Time deposits $ 288,403 $ - $ - $ 287,104 $ 287,104 FHLB advances $ 183,000 $ - $ 182,282 $ - $ 182,282 Accrued interest payable $ 1,372 $ - $ 551 $ 821 $ 1,372

Summary of Significant Accounting Policies (Policy)	9 Months Ended
Summary of Significant Accounting Policies (Policy)	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Overview	Overview USCB Financial Holdings, Inc., a Florida corporation incorporated in 2021, is a bank holding company with one direct wholly owned subsidiary, U.S. Century Bank (the “Bank”), together referred to as “the Company”. The Bank, established in 2002, is a Florida state-chartered, non-member financial institution providing financial services through its banking centers located in South Florida. The Bank owns a subsidiary, Florida Peninsula Title LLC, that offers our clients title insurance policies for real estate transactions closed at the Bank. Licensed in the State of Florida and approved by the Department of Insurance Regulation, Florida Peninsula Title LLC began operations in 2021.
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with instructions to Form 10-Q and do not include all the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. All adjustments consisting of normally recurring accruals that, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes appearing in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
Principles of Consolidation	Principles of Consolidation The Company consolidates entities in which it has a controlling financial interest. Intercompany transactions and balances are eliminated in consolidation.
Use of Estimates	Use of Estimates To prepare financial statements in conformity with U.S. GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements. The most significant estimates impacting the Company’s consolidated financial statements are the allowance for credit losses (“ACL”) and income taxes.
Reclassifications	Reclassifications Certain amounts in the consolidated financial statements have been reclassified to conform to the current presentation. Reclassifications had no impact on the net income or stockholders’ equity of the Company.
Recently Issued Accounting Standards, Adoption of New Accounting Standards and Issued and Not Yet Adopted	Recently Issued Accounting Standards Adoption of New Accounting Standards Reference Rate Reform In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2020- 04, Reference Rate Reform (Topic 848), aiming to facilitate the impacts of reference rate reform on financial reporting. This initiative was subsequently clarified in January 2021 through ASU 2021-01, providing optional directives for a designated timeframe to alleviate challenges associated with accounting for, or acknowledging the effects of, reference rate reform on financial reporting. These amendments offer discretionary guidance for a defined period to alleviate potential accounting complexities associated with reference rate reform in financial reporting. The expedients and exceptions provided by these amendments are not applicable to contract modifications executed and hedging relationships initiated or reviewed after December 31, 2022, except for pre-existing hedging relationships as of December 31, 2022, for which an entity has opted for specific optional expedients, and which are retained until the conclusion of the hedging relationship. Additionally, the amendments permit entities to make a one-time choice to divest, transfer, or both divest and transfer debt securities categorized as held to maturity, referencing a rate impacted by reference rate reform, and classified as held to maturity prior to January 1, 2020. In December 2022, the FASB issued new guidance extending the expiration date of this guidance from December 31, 2022 to December 31, 2024, after which entities will no longer be authorized to apply the relief provided under this guidance. Before this recent guidance, these amendments were effective for all entities from March 12, 2020, to December 31, 2022. The Company executed its transition strategy in preparation for the cessation of the London Intrabank Offered Rate (“LIBOR”) and the adjustment of its existing financial instruments affected by LIBOR, whether directly or indirectly. LIBOR-based originations were ceased as of June 30, 2023, and for existing LIBOR-based transactions, the Company substituted the Secured Overnight Financing Rate (“SOFR”) for LIBOR. The Company has completed its transition away from LIBOR for its loan and other financial instruments . Issued and Not Yet Adopted Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, “Income Taxes ” (Topic 740): Improvements to Income Tax Disclosures. This ASU pertains to disclosures regarding effective tax rates and cash income taxes paid with the goal of providing stakeholders with more transparent and relevant information. This ASU is effective for public business entities for annual periods beginning after Dec. 15, 2024. The Company is currently assessing the potential impact of this ASU on its financial reporting and has not yet concluded whether the changes will materially affect its business operations or consolidated financial statements. Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, “Improvements to Reportable Segment Disclosures.” ASU 2023- 07 requires disclosure of significant segment expenses and other segment items on an interim and annual basis. The standard is effective for fiscal years beginning after December 15, 2023 and for interim periods beginning after December 15, 2024. The Company is evaluating the impact of the changes to its existing disclosures.

Investment Securities (Schedule of Available-for-sale Securities and Held-to-maturity Securities Reconciliation) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Available-for-sale:
Amortized Cost	$ 301,014	$ 279,427
Unrealized Gains	966	244
Unrealized Losses	(42,453)	(50,342)
Fair Value	259,527	229,329
Held-to-maturity:
Amortized Cost	167,009	174,982
Unrealized Gains	1,195	350
Unrealized Losses	(15,079)	(19,822)
Fair Value	153,125	155,510
Allowance for credit losses - securities held-to-maturity	(8)	(8)
Securities held-to maturity, net of allowance for credit losses	167,001	174,974
U.S. Government Agency [Member]
Available-for-sale:
Amortized Cost	11,916	9,664
Unrealized Gains	21
Unrealized Losses	(1,204)	(1,491)
Fair Value	10,733	8,173
Held-to-maturity:
Amortized Cost	42,909	43,626
Unrealized Gains	97	2
Unrealized Losses	(4,041)	(5,322)
Fair Value	38,965	38,306
Collateralized Mortgage Obligations [Member]
Available-for-sale:
Amortized Cost	104,228	103,645
Unrealized Gains	55
Unrealized Losses	(20,089)	(23,039)
Fair Value	84,194	80,606
Held-to-maturity:
Amortized Cost	58,345	62,735
Unrealized Gains	386
Unrealized Losses	(6,328)	(7,983)
Fair Value	52,403	54,752
Mortgage-Backed Securities - Residential [Member]
Available-for-sale:
Amortized Cost	60,390	63,795
Unrealized Gains	21
Unrealized Losses	(9,649)	(11,608)
Fair Value	50,762	52,187
Held-to-maturity:
Amortized Cost	41,173	43,784
Unrealized Gains	677	348
Unrealized Losses	(3,537)	(4,533)
Fair Value	38,313	39,599
Mortgage-Backed Securities - Commercial [Member]
Available-for-sale:
Amortized Cost	75,263	49,212
Unrealized Gains	676	56
Unrealized Losses	(5,606)	(6,504)
Fair Value	70,333	42,764
Held-to-maturity:
Amortized Cost	15,316	15,439
Unrealized Gains	35
Unrealized Losses	(788)	(1,257)
Fair Value	14,563	14,182
Municipal Securities [Member]
Available-for-sale:
Amortized Cost	24,945	25,005
Unrealized Gains
Unrealized Losses	(4,520)	(5,667)
Fair Value	20,425	19,338
Bank Subordinated Debt Securities [Member]
Available-for-sale:
Amortized Cost	24,272	28,106
Unrealized Gains	193	188
Unrealized Losses	(1,385)	(2,033)
Fair Value	23,080	26,261
Corporate Bonds [Member]
Held-to-maturity:
Amortized Cost	9,266	9,398
Unrealized Gains
Unrealized Losses	(385)	(727)
Fair Value	$ 8,881	$ 8,671

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income	$ 6,949	$ 3,819	$ 17,770	$ 13,824
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities	9,848	(7,858)	8,624	(11,145)
Amortization of net unrealized gain on securities transferred from available-for-sale to held-to-maturity	67	64	200	184
Reclassification adjustment for (gain) loss included in net income		955	(14)	976
Unrealized gain (loss) on cash flow hedge	(930)	266	(381)	1,312
Tax effect	(2,277)	1,666	(2,136)	2,198
Total other comprehensive income (loss), net of tax	6,708	(4,907)	6,293	(6,475)
Total comprehensive income (loss)	$ 13,657	$ (1,088)	$ 24,063	$ 7,349

Loans	9 Months Ended
Loans	Sep. 30, 2024
Loans [Abstract]
Loans	3. LOANS The following table is a summary of the distribution of loans held for investment by type (in thousands): At September 30, 2024 and December 31, 2023, the Company had $ 535.7 million and $ 534.2 million, respectively, of commercial real estate and residential mortgage loans pledged as collateral for lines of credit with the FHLB and the Federal Reserve Bank of Atlanta. Allowance for Credit Losses In general, the Company utilizes the Discounted Cash Flow (“DCF”) method or the Remaining Life (“WARM”) methodology to estimate the quantitative portion of the ACL for loan pools. The DCF method uses a loss driver analysis (“LDA”) and discounted cash flow analyses. Management engaged advisors and consultants with expertise in CECL model development to assist in development of a LDA based on regression models and supportable forecast. Peer group data obtained from FFIEC Call Report filings is used to inform regression analyses to quantify the impact of reasonable and supportable forecasts in projective models. Economic forecasts applied to regression models to estimate probability of default for loan receivables use at least one of the following economic indicators: civilian unemployment rate (national), real gross domestic product growth (national GDP) or the House Price Index (“HPI”). For each of the segments in which the WARM methodology is used, the long-term average loss rate is calculated and applied on a quarterly basis for the remaining life of the pool. Adjustments for economic expectations are made through qualitative factors. Qualitative factors (“Q-Factors”) used in the ACL methodology include: • Changes in lending policies, procedures, and strategies • Changes in international, national, regional, and local conditions • Changes in nature and volume of portfolio • Changes in the volume and severity of past due loans and other similar conditions • Concentration risk • Changes in the value of underlying collateral • The effect of other external factors: e.g., competition, legal, and regulatory requirements • Changes in lending management, among others Changes in the ACL for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): At September 30, 2024, the ACL was $ 23.1 million compared to $ 21.1 million at December 31, 2023. The increase of $ 2.0 million in the ACL was due to loan growth. Charge-offs for the three months ended September 30, 2024 totaled $ 7 thousand and were all originated in 2024. Charge-offs for the nine months ended September 30, 2024 totaled $ 17 thousand and were all originated in 2024. The Company had charge offs totaling $ 3 thousand for the quarter ended September 30, 2023 related to loans originated in 2023. The Company had charge offs totaling $ 48 thousand for the nine months ended September 30, 2023 related to loans. $ 27 thousand was related to loans originated in 2023 and $ 21 thousand of charge offs was related to loans originated in 2015. The Federal Open Market Committee (“FOMC”) economic forecasts as of September 30, 2024, showed moderate deterioration in unemployment and a slight improvement forecast for real GDP. Fannie Mae HPI forecast reflected moderate improvement in national housing prices over the next four quarters. The Company continued to adjust the HPI index effect on 1-4 Family loan portfolio with a qualitative factor because Florida housing prices are performing better than national levels. The Q-factor scorecard was updated based on the latest portfolio stress test and the resulting maximum loss calculation. Our ACL included residential loans. To assess the potential impact of changes in qualitative factors related to these loans, management performed a sensitivity analysis. The Company evaluated the impact of the HPI used in calculating expected losses on the residential loan segment. As of September 30, 2024, for every 100 basis points increase in the HPI index, the forecast reduces reserves by approximately $ 244 thousand and about 1 basis point to the reserve coverage ratio, everything else being constant. This sensitivity analysis provides a hypothetical result to assess the sensitivity of the ACL and does not represent a change in management’s judgement. As of September 30, 2024, we stress tested two qualitative factors in our commercial real estate loan pool, as its the largest segment in our portfolio. We evaluated the impact of a change in the qualitative factors from no risk to maximum loss to measure the sensitivity of the qualitative factors. The change from no risk to high risk resulted in a $ 6.4 million or 29.3 % increase in ACL. This sensitivity analysis provides a hypothetical result to assess the sensitivity of the ACL and does not represent a change in management’s judgement. The ACL and the outstanding balances in the specified loan categories as of September 30, 2024 and December 31, 2023 are as follows (in thousands): Credit Quality Indicators The Company grades loans based on the estimated capability of the borrower to repay the contractual obligation of the loan agreement based on relevant information which may include: current financial information on the borrower, historical payment experience, credit documentation and other current economic trends. Internal credit risk grades are evaluated periodically. The Company's internally assigned credit risk grades are as follows: Pass – Loans indicate different levels of satisfactory financial condition and performance. Special Mention – Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard – Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligator or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified at substandard, with the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loss – Loans classified as loss are considered uncollectible. Loan credit exposures by internally assigned grades are presented below for the periods indicated (in thousands): Loan Aging The Company also considers the performance of loans in grading and in evaluating the credit quality of the loan portfolio. The Company analyzes credit quality and loan grades based on payment performance and the aging status of the loan. The following tables include an aging analysis of accruing loans and total non-accruing loans as of September 30, 2024 and December 31, 2023 (in thousands): Non-accrual Status The following table includes the amortized cost basis of loans on non-accrual status and loans past due over 90 days and still accruing as of September 30, 2024 and as of December 31, 2023 (in thousands): Accrued interest receivable is excluded from the estimate of credit losses. There was no interest income recognized attributable to non-accrual loans outstanding during the three months ended September 30, 2024 and 2023. Interest income on these loans for the three months ended September 30, 2024 and 2023, would have been approximately $ 24 thousand and $ 12 thousand, respectively, had these loans performed in accordance with their original terms. Interest income on these loans for the nine months ended September 30, 2024 and 2023, would have been approximately $ 44 thousand and $ 28 thousand, respectively, had these loans performed in accordance with their original terms. Collateral-Dependent Loans A loan is collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the sale or operation of the collateral. There were no collateral dependent loans as of September 30, 2024, or as of December 31, 2023. Loan Modifications to Borrowers Experiencing Financial Difficulties The following table presents newly restructured loans, by type of modification, which occurred during the nine months ended September 30, 2024 (in thousands): The Company had no new modifications to borrowers experiencing financial difficulties for the three months ended September 30, 2024 and one new modification for the nine months ended September 30, 2024. There were no existing loan modifications that subsequently defaulted during the three months and nine months ended September 30, 2024. The Company had no new modification to borrowers experiencing financial difficulties for the three and nine months ended September 30, 2023. There were no existing loan modifications that subsequently defaulted for the three and nine months ended September 30, 2023. September 30, 2024 December 31, 2023 Total Percent of Total Total Percent of Total Residential Real Estate $ 283,477 14.7 % $ 204,419 11.5 % Commercial Real Estate 1,095,112 56.8 % 1,047,593 58.8 % Commercial and Industrial 246,539 12.8 % 219,757 12.4 % Correspondent Banks 103,815 5.4 % 114,945 6.5 % Consumer and Other 198,604 10.3 % 191,930 10.8 % Total gross loans 1,927,547 100.0 % 1,778,644 100.0 % Plus: Deferred fees/costs 3,815 2,183 Total loans net of deferred fees/costs 1,931,362 1,780,827 Less: Allowance for credit losses 23,067 21,084 Total net loans $ 1,908,295 $ 1,759,743 Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total Three Months Ended September 30, 2024 Beginning balance $ 3,193 $ 10,272 $ 4,747 $ 892 $ 3,126 $ 22,230 Provision for credit losses (1) 760 (86) (96) (69) 322 831 Recoveries 2 - 10 - 1 13 Charge-offs - - - - (7) (7) Ending Balance $ 3,955 $ 10,186 $ 4,661 $ 823 $ 3,442 $ 23,067 Nine Months Ended September 30, 2024 Beginning balance $ 2,695 $ 10,366 $ 3,974 $ 911 $ 3,138 $ 21,084 Provision for credit losses (2) 1,252 (180) 666 (88) 318 1,968 Recoveries 8 - 21 - 3 32 Charge-offs - - - - (17) (17) Ending Balance $ 3,955 $ 10,186 $ 4,661 $ 823 $ 3,442 $ 23,067 (1) Provision for credit losses excludes a $ 101 thousand charge due to unfunded commitments included in other liabilities and a $ 1 thousand release related to investment securities held to maturity. (2) Provision for credit losses excludes a $ 159 thousand charge due to unfunded commitments included in other liabilities. Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total Three Months Ended September 30, 2023 Beginning balance $ 2,673 $ 10,183 $ 2,500 $ 677 $ 2,782 $ 18,815 Provision for credit losses (1) (162) (84) 738 73 108 673 Recoveries - - 8 - - 8 Charge-offs - - - - (3) (3) Ending Balance $ 2,511 $ 10,099 $ 3,246 $ 750 $ 2,887 $ 19,493 Nine Months Ended September 30, 2023 Beginning balance $ 1,352 $ 10,143 $ 4,163 $ 720 $ 1,109 $ 17,487 Cumulative effect of adoption of accounting principle (2) 1,238 1,105 (2,158) 23 858 1,066 Provision for credit losses (3) (89) (1,149) 1,181 7 965 915 Recoveries 10 - 60 - 3 73 Charge-offs - - - - (48) (48) Ending Balance $ 2,511 $ 10,099 $ 3,246 $ 750 $ 2,887 $ 19,493 (1) Provision for credit losses excludes a $ 17 thousand release due to unfunded commitments included in other liabilities and $ 3 thousand expense related to investment securities held to maturity. (2) Impact of CECL adoption on January 1, 2023. (3) Provision for credit losses excludes a $ 39 thousand release due to unfunded commitments included in other liabilities and $ 16 thousand expense related to investment securities held to maturity. As of September 30, 2024 Term Loans by Origination Year Revolving Loans Total 2024 2023 2022 2021 2020 Prior Residential real estate Pass $ 96,900 $ 40,187 $ 34,454 $ 23,930 $ 5,823 $ 71,867 $ 9,748 $ 282,909 Substandard - - - - - 568 - 568 Total 96,900 40,187 34,454 23,930 5,823 72,435 9,748 283,477 Commercial real estate Pass 116,130 132,831 323,299 177,281 99,368 239,803 3,936 1,092,648 Substandard - - - 1,776 688 - - 2,464 Total 116,130 132,831 323,299 179,057 100,056 239,803 3,936 1,095,112 Commercial and industrial Pass 46,599 91,611 35,031 30,950 4,469 12,494 23,466 244,620 Substandard - - - 536 - 1,146 237 1,919 Total 46,599 91,611 35,031 31,486 4,469 13,640 23,703 246,539 Correspondent banks Pass 100,865 2,950 - - - - - 103,815 Total 100,865 2,950 - - - - - 103,815 Consumer and other loans Pass 34,623 53,815 66,254 37,800 495 1,636 1,990 196,613 Substandard - - 1,991 - - - - 1,991 Total 34,623 53,815 68,245 37,800 495 1,636 1,990 198,604 Total Loans Pass 395,117 321,394 459,038 269,961 110,155 325,800 39,140 1,920,605 Special Mention - - - - - - - - Substandard - - 1,991 2,312 688 1,714 237 6,942 Doubtful - - - - - - - - Total $ 395,117 $ 321,394 $ 461,029 $ 272,273 $ 110,843 $ 327,514 $ 39,377 $ 1,927,547 Residential Real Estate Commercial Real Estate Commercial and Industrial Correspondent Banks Consumer and Other Total September 30, 2024: Allowance for credit losses: Individually evaluated $ 43 $ - $ 38 $ - $ 17 $ 98 Collectively evaluated 3,912 10,186 4,623 823 3,425 22,969 Balances, end of period $ 3,955 $ 10,186 $ 4,661 $ 823 $ 3,442 $ 23,067 Loans: Individually evaluated $ 6,848 $ - $ 719 $ - $ 1,990 $ 9,557 Collectively evaluated 276,629 1,095,112 245,820 103,815 196,614 1,917,990 Balances, end of period $ 283,477 $ 1,095,112 $ 246,539 $ 103,815 $ 198,604 $ 1,927,547 December 31, 2023: Allowance for credit losses: Individually evaluated $ 145 $ - $ 128 $ - $ - $ 273 Collectively evaluated 2,550 10,366 3,846 911 3,138 20,811 Balances, end of period $ 2,695 $ 10,366 $ 3,974 $ 911 $ 3,138 $ 21,084 Loans: Individually evaluated $ 6,994 $ - $ 1,668 $ - $ - $ 8,662 Collectively evaluated 197,425 1,047,593 218,089 114,945 191,930 1,769,982 Balances, end of period $ 204,419 $ 1,047,593 $ 219,757 $ 114,945 $ 191,930 $ 1,778,644 As of December 31, 2023 Term Loans by Origination Year Revolving Loans Total 2023 2022 2021 2020 2019 Prior Residential real estate Pass $ 44,365 $ 36,325 $ 26,180 $ 6,080 $ 9,325 $ 75,654 $ 6,198 $ 204,127 Substandard - - - - 292 - - 292 Total 44,365 36,325 26,180 6,080 9,617 75,654 6,198 204,419 Commercial real estate Pass 148,311 337,938 184,024 104,182 78,153 182,714 4,710 1,040,032 Substandard - - 6,867 694 - - - 7,561 Total 148,311 337,938 190,891 104,876 78,153 182,714 4,710 1,047,593 Commercial and industrial Pass 97,753 37,414 34,090 6,499 13,706 3,113 25,554 218,129 Substandard - - 330 - 1,298 - - 1,628 Total 97,753 37,414 34,420 6,499 15,004 3,113 25,554 219,757 Correspondent banks Pass 114,945 - - - - - - 114,945 Total 114,945 - - - - - - 114,945 Consumer and other loans Pass 71,593 74,387 41,966 615 560 1,337 1,472 191,930 Total 71,593 74,387 41,966 615 560 1,337 1,472 191,930 Total Loans Pass 476,967 486,064 286,260 117,376 101,744 262,818 37,934 1,769,163 Special Mention - - - - - - - - Substandard - - 7,197 694 1,590 - - 9,481 Doubtful - - - - - - - - Total $ 476,967 $ 486,064 $ 293,457 $ 118,070 $ 103,334 $ 262,818 $ 37,934 $ 1,778,644 Accruing As of September 30, 2024 Current Past Due 30- 89 Days Past Due 90 Days or > and Still Accruing Total Accruing Non-Accrual Total Loans Residential real estate: Home equity line of credit and other $ 843 $ - $ - $ 843 $ - $ 843 1-4 family residential 229,797 4,017 - 233,814 - 233,814 Condo residential 48,506 - - 48,506 314 48,820 279,146 4,017 - 283,163 314 283,477 Commercial real estate: Land and construction 38,342 - - 38,342 - 38,342 Multi-family residential 204,298 - - 204,298 - 204,298 Condo commercial 56,921 - - 56,921 - 56,921 Commercial property 795,551 - - 795,551 - 795,551 Leasehold improvements - - - - - - 1,095,112 - - 1,095,112 - 1,095,112 Commercial and industrial: Secured 230,202 - - 230,202 420 230,622 Unsecured 15,917 - - 15,917 - 15,917 246,119 - - 246,119 420 246,539 Correspondent banks 103,815 - - 103,815 - 103,815 Consumer and other 196,613 - - 196,613 1,991 198,604 Total $ 1,920,805 $ 4,017 $ - $ 1,924,822 $ 2,725 $ 1,927,547 Accruing As of December 31, 2023: Current Past Due 30-89 Days Past Due 90 Days or > and Still Accruing Total Accruing Non-Accrual Total Loans Residential real estate: Home equity line of credit and other $ 559 $ - $ - $ 559 $ - $ 559 1-4 family residential 155,842 711 - 156,553 - 156,553 Condo residential 43,572 3,735 - 47,307 - 47,307 199,973 4,446 - 204,419 - 204,419 Commercial real estate: Land and construction 33,710 - - 33,710 - 33,710 Multi-family residential 181,287 - - 181,287 - 181,287 Condo commercial 58,106 - - 58,106 - 58,106 Commercial property 772,569 1,890 - 774,459 - 774,459 Leasehold improvements 31 - - 31 - 31 1,045,703 1,890 - 1,047,593 - 1,047,593 Commercial and industrial: Secured 200,235 29 - 200,264 468 200,732 Unsecured 19,025 - - 19,025 - 19,025 219,260 29 - 219,289 468 219,757 Correspondent banks 114,945 - - 114,945 - 114,945 Consumer and other 191,930 - - 191,930 - 191,930 Total $ 1,771,811 $ 6,365 $ - $ 1,778,176 $ 468 $ 1,778,644 September 30, 2024 Nonaccrual Loans With No Related Allowance Nonaccrual Loans With Related Allowance Total Non- accruals Loans Past Due Over 90 Days and Still Accruing Residential real estate $ 314 $ - $ 314 $ - Commercial and industrial - 420 420 - Consumer and other - 1,991 1,991 - Total $ 314 $ 2,411 $ 2,725 $ - December 31, 2023 Nonaccrual Loans With No Related Allowance Nonaccrual Loans With Related Allowance Total Non- accruals Loans Past Due Over 90 Days and Still Accruing Commercial and industrial $ - $ 468 $ 468 $ - Total $ - $ 468 $ 468 $ - Recorded Investment Prior to Modification Recorded Investment After Modification Number of Loans Combination Modifications Total Modifications Number of Loans Combination Modifications Total Modifications Commercial and industrial 1 $ 468 $ 468 1 $ 468 $ 468 Total 1 $ 468 $ 468 1 $ 468 $ 468

Loss Contingencies	9 Months Ended
Loss Contingencies	Sep. 30, 2024
Loss Contingencies [Abstract]
Loss Contingencies	10. LOSS CONTINGENCIES Loss contingencies, including claims and legal actions may arise in the ordinary course of business. In the opinion of management, none of these actions, either individually or in the aggregate, is expected to have a material adverse effect on the Company’s Consolidated Financial Statements.

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2024
Income Taxes [Abstract]
Income Taxes	4. INCOME TAXES The Company’s provision for income taxes is presented in the following table for the periods indicated (in thousands): The actual income tax expense for the nine months ended September 30, 2024 and 2023 differs from the statutory tax expense for the periods (computed by applying the U.S. federal corporate tax rate of 21 % for both 2024 and 2023 periods to income before provision for income taxes) as follows (in thousands): The Company’s deferred tax assets and deferred tax liabilities as of the dates indicated were (in thousands): The Company has approximately $ 37.8 million of federal and $ 60.5 million of state net operating loss carryforwards expiring in various amounts between 2031 and 2036 and which are limited to offset, to the extent permitted, future taxable earnings of the Company. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. The major tax jurisdictions where the Company files income tax returns are the U.S. federal jurisdiction and the State of Florida. With few exceptions, the Company is no longer subject to U.S. federal and state income tax return examinations by tax authorities for years before 2020. For the three months and nine months ended September 30, 2024 and 2023, the Company did no t have any unrecognized tax benefits as a result of tax positions taken during a prior period or during the current period. Additionally, no interest or penalties were recorded as a result of tax uncertainties. Nine Months Ended September 30, 2024 2023 Current: Federal $ - $ - State - - Total current - - Deferred: Federal 4,384 3,510 State 1,222 954 Total deferred 5,606 4,464 Total tax expense $ 5,606 $ 4,464 Nine Months Ended September 30, 2024 2023 Federal taxes at statutory rate $ 4,909 $ 3,840 State income taxes, net of federal tax benefit 1,016 795 Bank owned life insurance (319) (171) Other, net - - Total tax expense $ 5,606 $ 4,464 September 30, 2024 December 31, 2023 Deferred tax assets: Net operating loss $ 10,562 $ 16,430 Allowance for credit losses 5,912 5,410 Lease liability 2,330 2,895 Unrealized losses on available for sale securities 12,881 15,114 Depreciable property 149 203 Equity compensation 906 630 Accruals 417 382 Other, net 61 10 Deferred tax assets: 33,218 41,074 Deferred tax liabilities: Deferred loan cost (967) (553) Lease right of use asset (2,330) (2,895) Deferred expenses (298) (180) Cash flow hedge (5) (85) Other, net (78) (79) Deferred tax liabilities (3,678) (3,792) Net deferred tax assets $ 29,540 $ 37,282

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details