Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consisted of the following:

(dollars in thousands)	March 31, 2024		December 31, 2023		Issue Date	Stated Maturity Date	Earliest Call Date	Interest Rate
September 2030 Subordinated Debentures	$	25,000	$	25,000	2020	2030	2025	5.375% through September 2025, 3-month SOFR + 5.265% thereafter
October 2030 Subordinated Debentures	19,500		19,500		2020	2030	2025	4.75% through October 2025, 3-month SOFR + 4.58% thereafter
Total subordinated debentures	44,500		44,500
Severn Capital Trust I	20,619		20,619		2004	2035		3-month SOFR + 2.00%
Tri-County Capital Trust I	7,000		7,000		2004	2034		90-day SOFR + 2.60%
Tri-County Capital Trust II	5,000		5,000		2005	2035		90-day SOFR + 1.70%
Total trust preferred securities	32,619		32,619
Less net discount and unamortized issuance costs	(4,560)		(4,822)
Total long-term debt	$	72,559	$	72,297