Audit Information |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Audit Information [Abstract] | |
| Auditor Firm ID | 49 |
| Auditor Name | RSM US LLP |
| Auditor Location | Hartford, Connecticut |
Consolidated Balance Sheets - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $ 214,567 | $ 293,552 |
| Federal funds sold | 10,354 | 13,972 |
| Cash and cash equivalents | 224,921 | 307,524 |
| Investment securities | ||
| Marketable equity securities, at fair value | 2,248 | 2,118 |
| Available for sale investment securities, at fair value | 160,409 | 107,428 |
| Held to maturity investment securities, at amortized cost (fair values of $31,045 and $36,691 at December 31, 2025 and 2024, respectively) | 29,465 | 36,553 |
| Total investment securities | 192,122 | 146,099 |
| Loans receivable (net of ACL-Loans of $30,705 and $29,007 at December 31, 2025 and 2024, respectively) | 2,804,441 | 2,672,959 |
| Other real estate owned | 0 | 8,299 |
| Accrued interest receivable | 16,143 | 14,535 |
| Federal Home Loan Bank stock, at cost | 6,207 | 5,655 |
| Premises and equipment, net | 21,582 | 23,856 |
| Bank-owned life insurance | 54,207 | 52,791 |
| Goodwill | 2,589 | 2,589 |
| Deferred income taxes, net | 11,356 | 9,742 |
| Other assets | 26,291 | 24,427 |
| Total assets | 3,359,859 | 3,268,476 |
| Deposits | ||
| Noninterest bearing deposits | 403,652 | 321,875 |
| Interest bearing deposits | 2,425,829 | 2,465,695 |
| Total deposits | 2,829,481 | 2,787,570 |
| Advances from the Federal Home Loan Bank | 110,000 | 90,000 |
| Subordinated debentures (face value of $70,000 and $70,000 at December 31, 2025 and 2024, respectively, less unamortized debt issuance costs of $303 and $549 at December 31, 2025 and 2024, respectively) | 69,697 | 69,451 |
| Accrued expenses and other liabilities | 49,192 | 50,935 |
| Total liabilities | 3,058,370 | 2,997,956 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity | ||
| Common stock, no par value; 10,000,000 shares authorized, 7,899,943 and 7,859,873 shares issued and outstanding at December 31, 2025 and 2024, respectively | 120,118 | 119,108 |
| Retained earnings | 181,587 | 152,656 |
| Accumulated other comprehensive loss | (216) | (1,244) |
| Total shareholders’ equity | 301,489 | 270,520 |
| Total liabilities and shareholders’ equity | $ 3,359,859 | $ 3,268,476 |
Consolidated Balance Sheets (Parenthetical) - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Held to maturity debt securities, fair value | $ 31,045,000 | $ 36,691,000 |
| Allowance for loan losses | $ 30,705,000 | $ 29,007,000 |
| Common stock, par value (in dollars per share) | $ 0 | $ 0 |
| Common stock, share authorized (in shares) | 10,000,000 | 10,000,000 |
| Common stock, share issued (in shares) | 7,899,943 | 7,859,873 |
| Common shares outstanding (in shares) | 7,899,943 | 7,859,873 |
| Subordinated Debentures | ||
| Debt instrument face amount | $ 70,000,000 | $ 70,000,000 |
| Unamortized debt issuance costs | $ 303,000 | $ 549,000 |
Consolidated Statements of Income - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Interest and dividend income | ||
| Interest and fees on loans | $ 180,670 | $ 172,832 |
| Interest and dividends on securities | 6,167 | 5,192 |
| Interest on cash and cash equivalents | 11,490 | 13,970 |
| Total interest and dividend income | 198,327 | 191,994 |
| Interest expense | ||
| Interest expense on deposits | 92,828 | 101,258 |
| Interest expense on borrowings | 6,564 | 7,454 |
| Total interest expense | 99,392 | 108,712 |
| Net interest income | 98,935 | 83,282 |
| Provision for credit losses | 1,040 | 22,620 |
| Net interest income after provision for credit losses | 97,895 | 60,662 |
| Noninterest income | ||
| Gains and fees from sales of loans | 5,078 | 523 |
| Bank owned life insurance | 1,416 | 1,356 |
| Service charges and fees | 2,826 | 1,963 |
| Other | 68 | (124) |
| Total noninterest income | 9,388 | 3,718 |
| Noninterest expense | ||
| Salaries and employee benefits | 30,285 | 23,746 |
| Occupancy and equipment | 10,124 | 9,494 |
| Data processing | 3,107 | 3,251 |
| Professional services | 5,988 | 4,482 |
| Director fees | 1,351 | 1,840 |
| FDIC insurance | 2,685 | 3,350 |
| Marketing | 608 | 452 |
| Other | 4,640 | 4,436 |
| Total noninterest expense | 58,788 | 51,051 |
| Income before income tax expense | 48,495 | 13,329 |
| Income tax expense | 13,297 | 3,559 |
| Net income | $ 35,198 | $ 9,770 |
| Earnings Per Common Share: | ||
| Basic (in dollars per share) | $ 4.49 | $ 1.24 |
| Diluted (in dollars per share) | $ 4.45 | $ 1.23 |
| Weighted Average Common Shares Outstanding: | ||
| Basic (in shares) | 7,750,191 | 7,710,076 |
| Diluted (in shares) | 7,826,280 | 7,737,952 |
| Dividends per common share (in dollars per share) | $ 0.80 | $ 0.80 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Statement of Comprehensive Income [Abstract] | ||
| Net income | $ 35,198 | $ 9,770 |
| Unrealized gains on securities: | ||
| Unrealized holding gains on available for sale securities | 2,693 | 2,525 |
| Net change in unrealized gains | 2,693 | 2,525 |
| Income tax expense | (635) | (547) |
| Unrealized gains on securities, net of tax | 2,058 | 1,978 |
| Unrealized (losses) on interest rate swaps: | ||
| Unrealized (losses) on interest rate swaps | (1,348) | (1,995) |
| Income tax benefit | 318 | 437 |
| Unrealized (losses) on interest rate swaps, net of tax | (1,030) | (1,558) |
| Total other comprehensive income, net of tax | 1,028 | 420 |
| Comprehensive income | $ 36,226 | $ 10,190 |
Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands |
Total |
Common Stock |
Retained Earnings |
Accumulated Other Comprehensive Income (Loss) |
|---|---|---|---|---|
| Beginning balance (in shares) at Dec. 31, 2023 | 7,882,616 | |||
| Beginning balance at Dec. 31, 2023 | $ 265,752 | $ 118,247 | $ 149,169 | $ (1,664) |
| Increase (Decrease) in Stockholders' Equity | ||||
| Net income | 9,770 | 9,770 | ||
| Other comprehensive income, net of tax | 420 | 420 | ||
| Cash dividends declared | (6,283) | (6,283) | ||
| Stock-based compensation expense | 2,998 | $ 2,998 | ||
| Issuance of restricted stock (in shares) | 67,509 | |||
| Forfeitures of restricted stock (in shares) | (4,262) | |||
| Repurchase of common stock (in shares) | (85,990) | |||
| Repurchase of common stock | $ (2,137) | $ (2,137) | ||
| Ending balance (in shares) at Dec. 31, 2024 | 7,859,873 | 7,859,873 | ||
| Ending balance at Dec. 31, 2024 | $ 270,520 | $ 119,108 | 152,656 | (1,244) |
| Increase (Decrease) in Stockholders' Equity | ||||
| Net income | 35,198 | 35,198 | ||
| Other comprehensive income, net of tax | 1,028 | 1,028 | ||
| Cash dividends declared | (6,267) | (6,267) | ||
| Stock-based compensation expense | 2,344 | $ 2,344 | ||
| Issuance of restricted stock (in shares) | 101,449 | |||
| Forfeitures of restricted stock (in shares) | (16,829) | |||
| Repurchase of common stock (in shares) | (44,550) | |||
| Repurchase of common stock | $ (1,334) | $ (1,334) | ||
| Ending balance (in shares) at Dec. 31, 2025 | 7,899,943 | 7,899,943 | ||
| Ending balance at Dec. 31, 2025 | $ 301,489 | $ 120,118 | $ 181,587 | $ (216) |
Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Statement of Stockholders' Equity [Abstract] | ||
| Dividends per common share (in dollars per share) | $ 0.80 | $ 0.80 |
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Cash flows from operating activities | ||
| Net income | $ 35,198 | $ 9,770 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Net amortization of premiums and discounts on investment securities | 62 | 148 |
| Provision for credit losses | 1,040 | 22,620 |
| Credit for deferred income taxes | (1,405) | (469) |
| Change in fair value of marketable equity securities | (61) | 13 |
| Depreciation and amortization | 4,084 | 3,775 |
| Amortization of debt issuance costs | 246 | 246 |
| Increase in cash surrender value of bank-owned life insurance | (1,416) | (1,356) |
| Gains and fees from sales of loans | (5,078) | (523) |
| Stock-based compensation | 2,344 | 2,998 |
| Loss on sale of other real estate owned | (31) | 0 |
| Change in other real estate owned | (140) | 0 |
| Net change in: | ||
| Deferred tax assets | (527) | 0 |
| Deferred loan fees | 1,004 | (1,437) |
| Accrued interest receivable | (1,608) | 328 |
| Other assets | (4,363) | (3,359) |
| Accrued expenses and other liabilities | (1,138) | (2,818) |
| Net cash provided by operating activities | 28,273 | 29,936 |
| Cash flows from investing activities | ||
| Proceeds from principal repayments on available for sale securities | 4,347 | 4,813 |
| Proceeds from principal repayments on held to maturity securities | 248 | 263 |
| Net proceeds from sales and calls of available for sale securities | 31,000 | 10,000 |
| Net proceeds from sales and calls of held to maturity securities | 7,500 | 0 |
| Purchases of available for sale securities | (85,714) | (10,000) |
| Purchases of marketable equity securities | (69) | (62) |
| Purchases of held to maturity securities | (643) | (21,125) |
| Net increase in loans | (178,767) | (22,189) |
| Proceeds from sales of loans not originated for sale | 48,917 | 4,911 |
| Purchases of premises and equipment, net | (1,144) | (613) |
| Proceeds (purchases) of Federal Home Loan Bank stock | (552) | 41 |
| Proceeds from the sale of other real estate owned | 9,691 | 0 |
| Net cash used in investing activities | (165,186) | (33,961) |
| Cash flows from financing activities | ||
| Net change in time certificates of deposit | (141,498) | 56,786 |
| Net change in other deposits | 183,409 | (5,974) |
| Payments on FHLB advances | (170,000) | 0 |
| Proceeds on FHLB advances | 190,000 | 0 |
| Dividends paid on common stock | (6,267) | (6,283) |
| Repurchase of common stock | (1,334) | (2,137) |
| Net cash provided by financing activities | 54,310 | 42,392 |
| Net increase (decrease) in cash and cash equivalents | (82,603) | 38,367 |
| Cash and cash equivalents: | ||
| Beginning of year | 307,524 | 269,157 |
| End of period | 224,921 | 307,524 |
| Cash paid for: | ||
| Interest | 99,392 | 108,713 |
| Income taxes: | ||
| Federal | 6,900 | 4,300 |
| Noncash investing and financing activities | ||
| Loans transferred to other real estate owned | (1,284) | (8,299) |
| Net change in unrealized losses or gains on available-for-sale securities | 2,693 | 2,525 |
| Net change in unrealized losses or gains on interest rate swaps | (1,348) | (1,995) |
| Transfer of loans from held-for-investment to held-for-sale | 43,839 | 4,387 |
| New York City | ||
| Income taxes: | ||
| State: | 328 | 184 |
| New York State | ||
| Income taxes: | ||
| State: | 927 | 559 |
| Florida | ||
| Income taxes: | ||
| State: | 3,174 | 0 |
| New Jersey | ||
| Income taxes: | ||
| State: | 330 | 290 |
| Other | ||
| Income taxes: | ||
| State: | $ 285 | $ 45 |
Nature of Operations and Summary of Significant Accounting Policies |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Nature of Operations and Summary of Significant Accounting Policies | Nature of Operations and Summary of Significant Accounting Policies Bankwell Financial Group, Inc. (the "Parent Corporation") is a bank holding company headquartered in New Canaan, Connecticut. The Parent Corporation offers a broad range of financial services through its banking subsidiary, Bankwell Bank (the "Bank" and, collectively with the Parent Corporation and the Parent Corporation's subsidiaries, "we", "our", "us", or the "Company"). The Bank is a Connecticut state chartered commercial bank, founded in 2002, whose deposits are insured under the Deposit Insurance Fund administered by the Federal Deposit Insurance Corporation (“FDIC”). The Bank provides a wide range of services to clients in our market, an area encompassing approximately a 100 mile radius around our branch network. In addition, the Bank pursues certain types of commercial banking opportunities outside our market, particularly where we have strong relationships. The Bank operates full-service branches in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut. The Bank also operates in a limited service Domestic Representative Office in New Canaan, Connecticut and in Garden City, New York. During 2025, the Bank received regulatory approval from the FDIC, the CT DOB, and the NY DFS to establish a new full-service branch in Brooklyn, New York. Principles of Consolidation The consolidated financial statements include the accounts of the Company and the Bank, including its wholly owned passive investment company subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities as of the date of the consolidated balance sheet and revenue and expenses for the period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near-term relate to the ACL-Loans and ACL-Securities. Segments The Company has one reportable segment. All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and borrowings while managing the interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit. The Chief Executive Officer (CEO), acting as the Chief Operating Decision Maker (CODM), determines the Company's one reportable segment. This determination is based on information about the Company's banking operations, its primary business, and the level of detail provided to the CODM for performance review. Similar operating performance, products and services, and customer bases allow for aggregation of business components into this one segment. The CODM evaluates financial performance by reviewing the consolidated financial results of the Company, analyzing factors such as revenue streams, significant expenses, and capital levels, as well as budget-to-actual results. Consolidated net income and related performance metrics are also used to benchmark the Company’s performance against competitors. The analysis of the Company’s results, including benchmarking, informs performance assessment and compensation decisions. The banking operations generate revenue through loans, investments, and deposits, while significant expenses include interest expense, the provision for credit losses, and salaries and employee benefits. All operations are domestic. Basis of Consolidated Financial Statement Presentation The consolidated financial statements have been prepared in accordance with GAAP and general practices within the banking industry. Such policies have been followed on a consistent basis. Cash and Cash Equivalents and Statement of Cash Flows Cash and due from banks and federal funds sold are recognized as cash equivalents in the consolidated statements of cash flows. Federal funds sold generally mature in one day. For purposes of reporting cash flows, all highly liquid debt instruments purchased with an original maturity of three months or less are considered to be cash equivalents. Cash flows from loans and deposits are reported net. The balances of cash and due from banks and federal funds sold, at times, may exceed federally insured limits. The Company has not experienced any losses from such concentrations. Investment Securities Management determines the appropriate classifications of investment securities at the date individual investment securities are acquired, and the appropriateness of such classifications is reaffirmed at each balance sheet date. The Company’s investments are categorized as marketable equity, available for sale or held to maturity securities. Held to maturity investments are carried at amortized cost. Available for sale securities are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss) as a separate component of capital, net of estimated income taxes. Marketable equity securities are carried at fair value, with any changes in fair value reported in earnings. The sale of a held to maturity security within three months of its maturity date or after collection of at least 85% of the principal outstanding at the time the security was acquired is considered a maturity for purposes of classification and disclosure. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains or losses on the sales of securities are recognized at trade date utilizing the specific identification method. Transfers of debt securities into the held to maturity classification from the available for sale classification are made at fair value on the date of transfer. The unrealized holding gain or loss on the date of transfer is retained in accumulated other comprehensive income and in the carrying value of the held to maturity securities. Such amounts are amortized over the remaining contractual lives of the securities. When transfers of debt securities into the available for sale classification from the held to maturity classification occur, any unrealized holding gains or losses on the transfer date are recognized in other comprehensive income. Allowance for Credit Losses - Securities ("ACL-Securities") Pursuant to ASC 326, the Company individually evaluates the available for sale debt securities and held to maturity securities for impairment credit losses quarterly. Available for sale securities include U.S. Treasuries, mortgage-backed securities, and corporate bonds. U.S. Treasuries and mortgaged-backed securities are guaranteed by the U.S. Government and as a result, management has a zero loss expectation. No ACL-Securities was recorded for these securities as of December 31, 2025. For the corporate bond portfolio, the Company developed a metric which includes each issuer’s current credit ratings and key financial performance metrics to assess the underlying performance of each issuer. The analysis of the issuers’ performance and the intent of the Company to retain these securities support the determination that there was no expected credit loss, and therefore, no ACL-Securities were recognized on the corporate bond portfolio as of December 31, 2025. Of our held to maturity securities portfolio, four securities' fair values were less than their respective amortized costs as of December 31, 2025. Since these are highly rated state agency and municipal obligations, the Company's expectation of nonpayment of the amortized cost basis is zero. No allowance for ACL-Securities was recorded for these securities as of December 31, 2025. Bank Owned Life Insurance The investment in bank owned life insurance (“BOLI”) represents the cash surrender value of life insurance policies on the lives of certain Bank employees who have provided positive consent allowing the Bank to be the beneficiary of such policies. Increases in the cash value of the policies, as well as insurance proceeds received, are recorded in noninterest income, and are not subject to income taxes. The financial strength of the insurance carrier is reviewed prior to the purchase of BOLI and annually thereafter. Federal Home Loan Bank Stock Federal Home Loan Bank of Boston (“FHLB”) stock is a non-marketable equity security that is carried at cost. There are no quoted market prices for this security and the security is not liquid. The Company can sell these securities back to the FHLB at par. Loans Held For Sale Loans held for sale are those loans which management has the intent to sell in the foreseeable future, and are carried at the lower of aggregate cost or market value. Net unrealized losses, if any, are recognized by a valuation allowance through a charge to noninterest income. Realized gains and losses on the sale of loans are recognized on the trade date and are determined by the difference between the sale proceeds and the carrying value of the loans. Loans may be sold with servicing rights released or retained. At the time of the sale, management records a servicing asset for the value of any retained servicing rights, which represents the present value of the differential between the contractual servicing fee and adequate compensation, defined as the fee a sub-servicer would require to assume the role of servicer, after considering the estimated effects of prepayments. Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the transferor does not maintain effective control over the transferred assets through either (a) an agreement that both entitles and obligates the transferor to repurchase or redeem the assets before maturity or (b) the ability to unilaterally cause the holder to return specific assets, other than through a cleanup call. Loans Receivable Loans receivable that management has the ability and intent to hold for the foreseeable future or until maturity or payoff are stated at their current unpaid principal balances, net of the ACL-Loans, charge-offs, recoveries, net deferred loan origination fees and unamortized loan premiums. Past due or delinquency status for all loans is based on the number of days past due in accordance with its contractual payment terms. A loan is individually evaluated when it is probable that all contractual principal or interest payments due will not be collected in accordance with the terms of the loan agreement. Individually evaluated loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral, if the loan is collateral dependent. Credit losses, if any, and any subsequent changes are recorded as adjustments to the ACL-Loans. Individually evaluated loans also include modified loans where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Loans greater than 90 days past due are put on nonaccrual status. Loans are also placed on nonaccrual status when, in the opinion of management, full collection of principal and interest is doubtful. Interest previously accrued, but uncollected, is reversed against current period income. Subsequent payments are recognized on a cash basis or principal recapture basis depending on a number of factors including probability of collection and if a credit loss is identified. A nonaccrual loan is restored to accrual status when it is no longer delinquent and collectability of interest and principal is no longer in doubt. Management reviews all nonaccrual loans, other loans past due 90 days or more, and modified loans for credit losses. In most cases, loan payments that are past due less than 90 days are considered minor collection delays and the related loans may not be individually evaluated. Consumer installment loans are considered to be pools of small balance homogeneous loans, which are collectively evaluated for credit losses. Modifications made to a loan are considered under ASC 326 when two conditions are met: 1) the borrower is experiencing financial difficulties and 2) the modification constitutes a concession that is not in line with market rates and/or terms. Modified terms are dependent upon the financial position and needs of the individual borrower. Debt may be bifurcated with separate terms for each tranche of the modified debt. The decision to modify a loan, versus aggressively enforcing the collection of the loan, may benefit the Company by increasing the ultimate probability of collection. If a performing loan is modified into a modification it remains in performing status. If a nonperforming loan is modified, it continues to be carried in nonaccrual status. Nonaccrual classification may be removed if the borrower demonstrates compliance with the modified terms for a minimum of six months. Modifications are reported as such for at least one year from the date of modifying. In years after the modification, loans may be removed from this classification if the modification agreement specifies a market rate of interest equal to that which would be provided to a borrower with similar credit at the time of modification and the loan is not deemed to be a credit loss based on the modified terms. Acquired Loans Acquired loans that met the criteria for nonaccrual of interest prior to the acquisition are considered performing upon acquisition, regardless of whether the client is contractually delinquent, if the Company can reasonably estimate the timing and amount of the expected cash flows on such loans and if the Company expects to fully collect the new carrying value of the loans. As such, the Company may no longer consider the loan to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable yield. The Company has determined that it can reasonably estimate future cash flows on the Company’s current portfolio of acquired loans that are past due 90 days or more, and on which the Company is accruing interest and the Company expects to fully collect the carrying value of the loans. Allowance for Credit Losses-Loans ("ACL-Loans") and Allowance for Credit Losses-Unfunded commitments ("ACL-Unfunded commitments") The ACL-Loans is measured on each loan’s amortized cost basis, excluding interest receivable, and is initially recognized upon origination or purchase of the loan, and subsequently remeasured on a recurring basis. The ACL-Loans is recognized as a contra-asset, and credit loss expense is recorded as a provision for credit losses in the consolidated statements of income. Loan losses are charged off against the ACL-Loans when management believes the loan is uncollectible. Subsequent recoveries, if any, are credited to the ACL-Loans. Loans are normally placed on nonaccrual status if it is probable that the Company will be unable to collect the full payment of principal and interest when due according to the contractual terms of the loan agreement, or the loan is past due for a period of 90 days or more unless the obligation is well-secured and is in the process of collection. The Company generally does not recognize an allowance for credit losses ("ACL") on accrued interest receivables, consistent with its policy to reverse interest income when interest is 90 days or more past due. The Company also records an ACL-Unfunded commitments, which is based on the same assumptions as funded loans and also considers the probability of funding. The ACL is recognized as a liability, and credit loss expense is recorded as a provision for unfunded loan commitments within the provision for credit losses in the Consolidated statements of income. For collectively evaluated loans and related unfunded commitments, the Company utilizes software provided by a third party, which includes various models for forecasting expected credit losses, to calculate its ACL. Management selected lifetime loss rate models, utilizing CRE, C&I, and Consumer specific models, to calculate the expected losses over the life of each loan based on exposure at default, loan attributes, reasonable and supportable economic forecasts, and adjusted for qualitative factors considered by management. The models selected by the Company in its ACL calculation rely upon historical losses from a broad cross section of U.S. banks that also utilize the same third party for ACL calculations. Management reviewed the third party’s analysis of the banks included in the models as part of their model development dataset and determined the Company’s loan portfolio composition by property type, balance distribution by loan age, and delinquency status are similar, which supports the use of these loss rate models. The Company also noted the third party’s model development dataset has loan concentrations that are evenly distributed across the United States, while the Company’s portfolio is mainly concentrated in the Northeast. Based on the disparate regional concentration, management determined that a select group of peer banks is necessary to scale the loss rate models to produce an ACL that is more representative of the Company’s loan portfolio and geographic area. This peer-based calibration, called a "scalar", utilizes the loss rates of a subset of peer banks to appropriately scale the initial model results. These peers have been selected by the Company given their similar characteristics, such as loan portfolio composition, location, and asset size, to better align the models’ results to the Company’s expected losses. Key assumptions used in the models include portfolio segmentation, risk rating, forecasted economic scenarios, the peer scalar, and the expected utilization of unfunded commitments, among others. Our loan portfolios are segmented by loan level attributes such as loan type, size, date of origination, and delinquency status to create homogenous loan pools. Pool level metrics are calculated, and loss rates are subsequently applied to the pools as the loans have similar characteristics. To account for economic uncertainty, the Company incorporates multiple economic scenarios in determining the ACL. The scenarios include various projections based on variables such as Gross Domestic Product, interest rates, property price indices, and employment measures, among others. The scenarios are probability-weighted based on available information at the time the calculation is conducted. As part of our ongoing governance of ACL, scenario weightings and model parameters are reviewed periodically by management and are subject to change, as deemed appropriate. The Company also considers qualitative adjustments to expected credit loss estimates for information not already captured in the quantitative loss estimation models. Qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Qualitative loss factors are based on the Company’s judgment of market, changes in loan composition or concentrations, performance trends, regulatory changes, uncertainty of macroeconomic forecasts, and other asset specific risk characteristics. When loans do not share risk characteristics with other financial assets, they are evaluated individually. Management applies its normal loan review procedures in making these judgments. Individually evaluated loans consist of loans with credit quality indicators which are substandard or doubtful. The Company also individually evaluates all insurance premium loans as well as a cash-secured loan to an individual. While these loans are considered consumer loans, the third-party Consumer ACL model is designed for unsecured lending, whereas these loans are secured. To account for the fully secured structure of this type of loan, management determined each loan will be individually evaluated, regardless of the credit quality indicators. These loans are evaluated based upon their collateral, which primarily consists of cash, cash surrender value life insurance, and in some cases real estate. In determining the ACL-Loans for individually evaluated loans, the Company generally applies a discounted cash flow method for instruments that are individually assessed. For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable and where the borrower is experiencing financial difficulty, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. Fair value is generally calculated based on the value of the underlying collateral less an appraisal discount and the estimated cost to sell. Loan modifications A loan will be considered modified as defined by ASC 326 when both of the following conditions are met: 1) the borrower is experiencing financial difficulties and 2) the modification constitutes a direct change in contractual cash flows for a significant period of time. Modified terms are dependent upon the financial position and needs of the individual borrower. Interest and Fees on Loans Interest on loans is accrued and included in income based on contractual rates applied to principal amounts outstanding. Accrual of interest is discontinued when loan payments are 90 days or more past due, based on contractual terms, or when, in the judgment of management, collectability of the loan or loan interest becomes uncertain. When interest accrual is discontinued, all unpaid accrued interest is reversed against interest income. Subsequent recognition of income occurs only to the extent payment is received subject to management’s assessment of the collectability of the remaining interest and principal. A nonaccrual loan is restored to accrual status when it is no longer delinquent and collectability of interest and principal is no longer in doubt. Loan origination fees, net of direct loan origination costs, are deferred and amortized as an adjustment to the loan’s yield generally over the contractual life of the loan, utilizing the interest method. Goodwill and Intangibles Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in a business combination. Intangible assets are assets acquired in a business combination that lack physical substance but can be distinguished from goodwill because the intangible asset is capable of being sold or exchanged on its own or in combination with related contracts, assets or liabilities. Intangible assets are amortized on a straight-line or accelerated basis over estimated lives. Goodwill is not amortized. Goodwill and identifiable intangible assets are evaluated for impairment annually or whenever events or changes in circumstances indicate the carrying value of these assets may not be recoverable. When these assets are evaluated for impairment, if the carrying amount exceeds fair value, an impairment charge is recorded to income. The fair value is based on observable market prices, when practicable. Other valuation techniques may be used when market prices are unavailable, including estimated discounted cash flows. This type of analysis contains uncertainties because it requires management to make assumptions and to apply judgment to estimate industry economic factors and the profitability of future business strategies. In the event of future changes in fair value, the Company may be exposed to an impairment charge that could be material. Other Real Estate Owned Assets acquired through deed in lieu or loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. Premises and Equipment Premises and equipment are stated at cost, net of accumulated depreciation and amortization. Leasehold improvements are capitalized and amortized over the shorter of the terms of the related leases or the estimated economic lives of the improvements. Capitalized software development costs are amortized on a straight-line basis over the estimated useful life of the software. Depreciation and amortization is charged to operations using the straight-line method over the estimated useful lives of the related assets which range from to thirty-nine years. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Assets Held for Sale Assets held for sale (excluding loans) consist of real estate properties that are expected to sell within a year. The assets are reported at the lower of the carrying amount or fair value less costs to sell. Depreciation is not recognized on any assets that are classified as held for sale. Leases The Company recognizes and measures its leases in accordance with ASC 842, "Leases". The Company leases real estate for its branch and headquarters office under various operating lease agreements. The Company determines if an arrangement is a lease, or contains a lease, at inception of a contract and when the terms of an existing contract are changed. The Company recognizes a lease liability and right-of-use-asset (ROUA) at the commencement date of the lease. The lease liability is initially and subsequently recognized based on the present value of its future lease payments. The discount rate is the implicit rate if it's readily determinable or otherwise the Company uses its incremental borrowing rate. The implicit rates of our leases are not readily determinable and accordingly, we use our incremental borrowing rate based on the information available at the commencement date for all leases. The ROUA is subsequently measured throughout the lease term at the amount of the remeasured lease liability (i.e., present value of the remaining lease payments), plus any unamortized initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of any lease incentives received, and any impairment recognized. Lease cost for lease payments is recognized on a straight-line basis over the lease term. The ROUA is included in premises and equipment, net and the lease liability is included in accrued expenses and other liabilities on the consolidated balance sheets. Impairment of Long-Lived Assets Long-lived assets, including premises and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If impairment is indicated by that review, the asset is written down to its estimated fair value through a charge to noninterest expense. Servicing Rights When loans are sold on a servicing retained basis, servicing rights are initially recorded at fair value with the income statement effect recorded in noninterest income. All classes of servicing assets are subsequently measured using the amortization method, which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the life of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. Any impairment is reported as a valuation allowance, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the allowance may be recorded as an increase to income. Changes in the valuation allowance are reported in other income on the consolidated statements of income. The fair values of servicing rights are subject to fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. Loans serviced for others are not included in the accompanying consolidated balance sheets. Servicing fee income, which is included in service charges and fees on the income statement, is recorded for fees earned for servicing loans. Fees earned for servicing loans are based on a contractual percentage of the outstanding principal amount of the loan and are recorded as income when earned. The amortization of servicing rights is recorded in noninterest income. Income Taxes The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that all or some portion of the deferred tax assets will not be realized. In the ordinary course of business there is inherent uncertainty in quantifying the Company’s income tax positions. Income tax positions and recorded tax benefits assessed for all years are subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting date. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, we have determined the amount of the tax benefit to be recognized by estimating the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company has $1.7 million and $1.6 million of liabilities for uncertain tax positions at December 31, 2025 and 2024, respectively. Where applicable, associated interest and penalties have also been recognized. We recognize accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. On July 4, 2025, the U.S. government enacted tax legislation commonly referred to as the One Big Beautiful Bill Act. The Company determined that the enactment of the Act did not have a material impact on its consolidated financial statements, including its income tax provision, deferred tax balances, or effective tax rate for the year ended December 31, 2025. Accordingly, no material adjustments related to the Act were recorded in the accompanying consolidated financial statements. The Company will continue to monitor future interpretive guidance and administrative developments related to the Act; however, such guidance is not expected to materially affect the Company’s income tax provision. Advertising Costs Advertising costs are expensed as incurred. Stock Compensation The Company measures and recognizes compensation costs relating to share-based payment transactions based on the grant-date fair value of the equity instruments issued. The fair value of time-based restricted stock is recorded based on the grant date fair value of the Company’s common stock. For performance based grants, the Company records an expense over the vesting period based on (a) the probability that the performance metric will be met and (b) the fair market value of the Company’s stock at the date of the grant. The fair value of stock options is determined using the Black-Scholes Option Pricing model. Stock-based compensation costs are recognized over the requisite service period for the awards. Compensation expense reflects the number of awards expected to vest and is adjusted based on awards that ultimately vest. The Company recognizes forfeitures as they occur. Earnings Per Share Unvested restricted stock awards that contain non-forfeitable rights to dividends, are participating securities, and are included in the computation of EPS pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The Company’s unvested restricted stock awards qualify as participating securities. Net income is allocated between the common stock and participating securities pursuant to the two-class method. Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period, excluding participating unvested restricted stock awards. Diluted EPS is computed in a similar manner, except that the denominator includes the number of additional common shares that would have been outstanding if potentially dilutive common shares were issued using the treasury stock method. Comprehensive Income Comprehensive income represents the sum of net income and items of other comprehensive income or loss, including net unrealized gains or losses on securities available for sale and net unrealized gains or losses on derivatives accounted for as cash flow hedges. The Company’s total comprehensive income or loss for the years ended December 31, 2025 and 2024 is reported in the Consolidated Statements of Comprehensive Income. Fair Values of Financial Instruments The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Fair value 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 certain instances, there are no quoted market prices for certain assets or liabilities. 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 asset or liability. Fair value measurements focus on exit prices 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. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at either December 31, 2025 or December 31, 2024. The estimated fair value amounts have been measured as of the respective period-ends, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. Derivative Instruments The effective portion of unrealized changes in the fair value of derivatives accounted for as cash flow hedges is reported in other comprehensive income and subsequently reclassified to earnings in the same period or periods during which the hedged forecasted transaction affects earnings. The Bank assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged item or transaction. Interest rate swap assets are presented in other assets and interest rate swap liabilities are presented in accrued expenses and other liabilities in the consolidated balance sheets. The hedge strategy converts the contractually specified interest rate on short-term rolling FHLB advances or brokered deposits to long-term fixed interest rates, thereby protecting the Bank from interest rate variability. The Company does not offset derivative assets and derivative liabilities for financial statement presentation purposes. The Company has one pay-fixed portfolio layer method fair value swap, designated as a hedging instrument, with a total notional amount of $150 million. The Company designated the fair value swap under the portfolio layer method. Under this method, the hedged item is designated as a hedged layer of a closed portfolio of financial loans that is anticipated to remain outstanding for the designated hedged period. Adjustments will be made to record the swap at fair value on the Consolidated Balance Sheets, with changes in fair value recognized in interest income. The carrying value of the fair value swap on the Consolidated Balance Sheets will also be adjusted through interest income, based on changes in fair value attributable to changes in the hedged risk. The Company also has derivatives not designated as hedges. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain loan clients. The Company executes interest rate swaps with commercial banking clients to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting derivatives that the Company executes with a third party, such that the Company minimizes its net interest risk exposure resulting from such transactions. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the client derivatives and the offsetting derivatives are recognized directly in earnings. Related Party Transactions Directors and officers of the Company and their affiliates have been clients of and have had transactions with the Company, and it is expected that such persons will continue to have such transactions in the future. Management believes that all deposit accounts, loans, services and commitments comprising such transactions were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other clients who are not directors or officers. In the opinion of management, the transactions with related parties did not involve more than normal risks of collectability, nor favored treatment or terms, nor present other unfavorable features. Note 22 contains details regarding related party transactions. Common Share Repurchases The Company is incorporated in the state of Connecticut. Connecticut law does not provide for treasury shares, but rather shares repurchased by the Company constitute authorized, but unissued shares. GAAP states that accounting for treasury stock shall conform to state law. Therefore, the cost of shares repurchased by the Company has been allocated to common stock balances. Reclassification Certain prior period amounts may be reclassified to conform to the 2025 financial statement presentation. These reclassifications only change the reporting categories and do not affect the consolidated results of operations or consolidated financial position of the Company. Recent Accounting Pronouncements The following section includes changes in accounting principles and potential effects of new accounting guidance and pronouncements. Recently issued accounting pronouncements not yet adopted. ASU No. 2024-03—Income Statement: "Reporting Comprehensive Income - Expense Disaggregation Disclosures": The amendments in this update is to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions. The amendments in this update are effective for annual periods beginning after December 15, 2026. ASU No. 2025-01—Income Statement: "Reporting Comprehensive Income - Expense Disaggregation Disclosures": Following the issuance of Update 2024-03, this amendment clarifies the initial effective date for entities that do not have an annual reporting period that ends on December 31 (referred to as non-calendar year-end entities). The amendment is effective for public business entities for annual reporting periods beginning after December 15, 2026. The Company believes this ASU will not have a material impact on existing disclosures and will continue to monitor for SEC action, and plan accordingly for adoption. ASU No. 2025-09—Derivatives and Hedging: "Hedge Accounting Improvements": The amendment in this update is to better align accounting with risk management and address reference rate reform challenges. The update introduces changes across five areas, including broadening similar risk assessment for cash flow hedges, introducing a model for Choose-Your-Rate debt, and replacing the contractually specified component model for nonfinancial forecasted transactions. The amendment is effective for public business entities for annual reporting periods beginning after December 15, 2026. The Company believes this ASU will not have a material impact on existing disclosures and will continue to monitor for SEC action, and plan accordingly for adoption. Recently issued accounting pronouncements that have been adopted. ASU No. 2023-09—Income Taxes (Topic 740): "Improvements to Income Tax Disclosures": The amendments in this update provide more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. For public business entities, the amendments in this update are effective for annual periods beginning after December 15, 2024. The Company adopted this ASU prospectively in December 2025 within the Income Tax Footnote disclosure and the Statement of Cash Flows.
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Shareholders' Equity |
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Dec. 31, 2025 | |
| Stockholders' Equity Note [Abstract] | |
| Shareholders' Equity | Shareholders’ Equity Common Stock The Company has 10,000,000 shares authorized and 7,899,943 shares issued and outstanding at December 31, 2025 and 10,000,000 shares authorized and 7,859,873 shares issued and outstanding at December 31, 2024. The Company's stock is traded on the Nasdaq stock market under the ticker symbol BWFG. Dividends The Company’s shareholders are entitled to dividends when and if declared by the Board of Directors, out of funds legally available. The ability of the Company to pay dividends depends, in part, on the ability of the Bank to pay dividends to the Company. In accordance with Connecticut statutes, regulatory approval is required to pay dividends in excess of the Bank’s profits retained in the current year plus retained profits from the previous two years. The Bank is also prohibited from paying dividends that would reduce its capital ratios below minimum regulatory requirements. Issuer Purchases of Equity Securities On December 19, 2018, the Company's Board of Directors authorized a share repurchase program ("Prior Plan") of up to 400,000 shares of the Company's Common Stock. On October 27, 2021, the Company's Board of Directors authorized the repurchase of an additional 200,000 shares under the Prior Plan. During the year ended December 31, 2024, the Company purchased 85,990 shares of its Common Stock at a weighted average of $24.82 per share. The Company has purchased 535,802 shares of the Company’s common stock pursuant to the Prior Plan. On October 28, 2024, the Company announced that on October 23, 2024, its Board of Directors authorized a share repurchase plan ("New Plan"). Under the terms of the New Plan, the Company is authorized to buy back up to 250,000 shares of its outstanding common stock. In connection with the authorization of the New Plan, the Company terminated the Prior Plan. The Company intends to accomplish the share repurchases through open market transactions, though the Company could accomplish repurchases through other means, such as privately negotiated transactions. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws, and other factors. The share repurchase plan does not obligate the Company to acquire any particular amount of Common Stock, and it may be modified or suspended at any time at the Company's discretion. During the year ended December 31, 2025, the Company purchased 44,550 shares of its Common Stock at a weighted average price of $29.93 per share. During the year ended December 31, 2024, the Company did not purchase any shares under the New Plan.
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| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Information on goodwill for the years ended December 31, 2025 and 2024 is as follows:
The Company tests for goodwill impairment annually as of June 30th. No impairment was required to be recorded on goodwill in 2025 or 2024.
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| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | Investment Securities The amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities segregated by contractual maturity at December 31, 2025 were as follows:
The amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities segregated by contractual maturity at December 31, 2024 were as follows:
There was one sale of an investment security during the year ended December 31, 2025 and no sales of investment securities during the year ended December 31, 2024. At December 31, 2025, $151.4 million of the Company's securities were pledged as collateral with Federal Home Loan Bank ("FHLB"). At December 31, 2024, none of the Company's securities were pledged as collateral with the FHLB or any other institution. As of December 31, 2025, the actual duration of the Company's available for sale securities were significantly shorter than the notional maturities. At December 31, 2025, the Company held marketable equity securities with a fair value of $2.2 million and an amortized cost of $2.3 million. At December 31, 2024, the Company held marketable equity securities with a fair value of $2.1 million and an amortized cost of $2.3 million. These securities represent an investment in mutual funds that have a primary objective to make investments for CRA purposes. There were twenty-nine investment securities as of December 31, 2025, in which the fair value of the security was less than the amortized cost of the security. There were thirty-seven such investment securities as of December 31, 2024. The following table provides information regarding the available for sale investment securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2025 and 2024:
The U.S. Government and agency obligations owned are either direct obligations of the U.S. Government or guaranteed by the U.S. Government. Therefore, the contractual cash flows are guaranteed and as a result the unrealized losses in this portfolio are considered to be only temporarily impaired. The corporate bonds are investments in subordinated debt of federally insured banks, the majority of which are callable after five years of origination. The Company monitors its corporate bond, state agency and municipal bond portfolios and considers them to have minimal default risk. The Company has the intent and ability to retain its investment securities in an unrealized loss position at December 31, 2025 and 2024 until the decline in value has recovered or the security has matured.
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Loans Receivable and ACL-Loans |
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| Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans Receivable and ACL-Loans | Loans Receivable and ACL-Loans The following table sets forth a summary of the loan portfolio at December 31, 2025 and December 31, 2024:
Lending activities consist of commercial real estate loans, commercial business loans and, to a lesser degree, a variety of consumer loans. Loans may also be granted for the construction of commercial properties. The majority of commercial mortgage loans are collateralized by first or second mortgages on real estate. Risk Management The Company has established credit policies applicable to each type of lending activity in which it engages. The Company evaluates the creditworthiness of each client and extends credit of up to 80% of the market value of the collateral, (85% maximum for owner occupied commercial real estate), depending on the client's creditworthiness and the type of collateral. The client’s ability to service the debt is monitored on an ongoing basis. Real estate is the primary form of collateral. Other important forms of collateral are business assets, time deposits and marketable securities. While collateral provides assurance as a secondary source of repayment, the Company ordinarily requires the primary source of repayment for commercial loans to be based on the client’s ability to generate continuing cash flows. The Company does not provide first or second lien consumer mortgage loans secured by residential properties but has a small legacy portfolio which continues to amortize, pay off due to the sale of the collateral, or refinance away from the Company. Credit Quality of Loans and the Allowance for Credit Losses-Loans (ACL-Loans) Management segregates the loan portfolio into defined segments, which are used to develop and document a systematic method for determining the Company's ACL-Loans. The portfolio segments are segregated based on loan types and the underlying risk factors present in each loan type. Such risk factors are periodically reviewed by management and revised as deemed appropriate. The Company’s loan portfolio is segregated into the following portfolio segments: Residential Real Estate: This portfolio segment consists of first mortgage loans secured by one-to-four family owner occupied residential properties for personal use located in the Company's market area. This segment also includes home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties. Loans of this type were written at a combined maximum of 80% of the appraised value of the property and the Company requires a first or second lien position on the property. These loans can be affected by economic conditions and the values of the underlying properties. Commercial Real Estate: This portfolio segment includes loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate and investor-owned one-to-four family dwellings. Loans secured by commercial real estate generally have larger loan balances and more credit risk than owner occupied one-to-four family mortgage loans. Construction: This portfolio segment includes commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail and other income producing properties and land loans, which are loans made with land as collateral. Construction and land development financing generally involves greater credit risk than long-term financing on improved, owner-occupied or leased real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the value of the property at completion of construction compared to the estimated cost (including interest) of construction and other assumptions. If the estimate of construction cost proves to be inaccurate, the Company may be required to advance additional funds beyond the amount originally committed in order to protect the value of the property. Moreover, if the estimated value of the completed project proves to be inaccurate, the borrower may hold a property with a value that is insufficient to assure full repayment through sale or refinance. Construction loans also expose the Company to the risks that improvements will not be completed on time in accordance with specifications and projected costs and that repayment will depend on the successful operation or sale of the properties, which may cause some borrowers to be unable to continue paying debt service, which exposes the Company to greater risk of non-payment and loss. Commercial Business: This portfolio segment includes commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners. Commercial business loans generally have higher interest rates and shorter terms than other loans, but they also have increased difficulty of loan monitoring and a higher risk of default since their repayment generally depends on the successful operation of the borrower’s business. Consumer: This portfolio segment includes loans to finance insurance premiums secured by the cash surrender value of life insurance and marketable securities, overdraft lines of credit, and personal loans to high net worth individuals. ACL-Loans The following tables set forth the activity in the Company’s ACL-Loans for the years ended December 31, 2025 and December 31, 2024, by portfolio segment:
(1) - This does not include the (Credit) for credit losses (unfunded commitments) of $268 thousand and $170 thousand for the years ended December 31, 2025 and December 31, 2024, respectively. We evaluate whether a modification, extension or renewal of a loan is a current period origination in accordance with GAAP. Generally, loans up for renewal are subject to a full credit evaluation before the renewal is granted and such loans are considered current period originations for purpose of the tables below. The following tables present loans by origination, risk designation, and charge-offs as of December 31, 2025 and December 31, 2024 (dollars in thousands):
Loans evaluated for credit loss and the related ACL-Loans as of December 31, 2025 and December 31, 2024 were as follows:
Credit Quality Indicators The Company measures credit risk within its loan portfolios through the use of a credit risk rating system. The risk rating reflects management’s assessment of a loan’s overall risk, considering the character and creditworthiness of the borrower and any guarantor, the borrower’s capacity to service the debt, the availability of credit enhancements or other sources of repayment, and the quality, value, and coverage of collateral, if applicable. The objectives of the Company’s risk rating system are to provide the Board of Directors and senior management with an objective assessment of the overall quality of the loan portfolio, to promptly and accurately identify loans with well-defined credit weaknesses so that timely action can be taken to minimize a potential credit loss, to identify relevant trends affecting the collectability of the loan portfolio, to isolate potential problem areas and to provide essential information for determining the adequacy of the ACL-Loans. The Company’s credit risk rating system has nine grades, with each grade corresponding to a progressively greater risk of default. Risk ratings of (1) through (5) are "pass" categories and risk ratings of (6) through (9) are criticized asset categories as defined by the regulatory agencies. A “special mention” (6) credit has a potential weakness which, if uncorrected, may result in a deterioration of the repayment prospects or inadequately protect the Company’s credit position at some time in the future. “Substandard” (7) loans are credits that have a well-defined weakness or weaknesses that jeopardize the full repayment of the debt. An asset rated “doubtful” (8) has all the weaknesses inherent in a substandard asset and which, in addition, make collection or liquidation in full highly questionable and improbable, when considering existing facts, conditions, and values. Loans classified as “loss” (9) are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value; rather, it is not practical or desirable to defer writing-off this asset even though partial recovery may be made in the future. Risk ratings are assigned as necessary to differentiate risk within the portfolio. They are reviewed on an ongoing basis through the annual loan review process performed by Company employees, normal renewal activity and the quarterly Watch List and watched asset report process. They are revised to reflect changes in the borrower's financial condition and outlook, debt service coverage capability, repayment performance, collateral value and coverage as well as other considerations. In addition to internal review at multiple points, a reputable independent third party loan review opines on risk ratings with regard to the sample of loans their review covers. The following tables present credit risk ratings by loan segment as of December 31, 2025 and December 31, 2024:
Loan Portfolio Aging Analysis When a loan is 15 days past due, the Company sends the borrower a late notice. The Company attempts to contact the borrower by phone if the delinquency is not corrected promptly after the notice has been sent. When the loan is 30 days past due, the Company mails the borrower a letter reminding the borrower of the delinquency, and attempts to contact the borrower personally to determine the reason for the delinquency and ensure the borrower understands the terms of the loan. If necessary, after the 90th day of delinquency, the Company may take other appropriate legal action. A summary report of all loans 30 days or more past due is provided to the Board of Directors of the Company periodically. Loans greater than 90 days past due are generally put on nonaccrual status. A nonaccrual loan is restored to accrual status when it is no longer delinquent and collectability of interest and principal is no longer in doubt. A loan is considered to be no longer delinquent when timely payments are made for a period of at least six months (one year for loans providing for quarterly or semi-annual payments) by the borrower in accordance with the contractual terms. The following tables set forth certain information with respect to the Company's loan portfolio delinquencies by portfolio segment as of December 31, 2025 and December 31, 2024:
There were no loans delinquent greater than 90 days and still accruing interest as of December 31, 2025 or December 31, 2024. Loans on Nonaccrual Status The following is a summary of nonaccrual loans by portfolio segment as of December 31, 2025 and December 31, 2024:
Interest income on loans that would have been recognized if loans on nonaccrual status had been current in accordance with their original terms for the years ended December 31, 2025 and 2024 was $1.7 million and $1.9 million, respectively. There was no interest income recognized on these loans for the year ended December 31, 2025 and 2024, respectively. At December 31, 2025 and December 31, 2024, there were no commitments to lend additional funds to borrowers on nonaccrual status. Nonaccrual loans with no specific reserve totaled $16.3 million and $53.3 million at December 31, 2025 and December 31, 2024, respectively. Individually evaluated loans An individually evaluated loan is generally one for which it is probable, based on current information, that the Company will not collect all the amounts due in accordance with the contractual terms of the loan. These loans are individually evaluated for credit losses. Within the Consumer portfolio segment, the Company also individually evaluated all insurance premium loans as well as a cash-secured loans to individuals, regardless of credit risk rating. The following tables summarize individually evaluated loans by portfolio segment and the related average carrying amount and interest income recognized as of December 31, 2025 and December 31, 2024:
Loan Modifications A loan will be considered modified as defined by ASC 326 when both of the following conditions are met: 1) the borrower is experiencing financial difficulties and 2) the modification constitutes a direct change in contractual cash flows for a significant period of time. Modified terms are dependent upon the financial position and needs of the individual borrower. There was one new loan modification reportable under ASC 326 for $0.3 million at December 31, 2025. There was one loan modification reportable under ASC 326 for $4.0 million at December 31, 2024. There were no nonaccrual modified loans at December 31, 2025. There was one nonaccrual modified loan at December 31, 2024. There were no loans modified that re-defaulted during the years ended December 31, 2025 or December 31, 2024. Allowance for Credit Losses (ACL)-Unfunded Commitments As part of CECL, the Company has recorded ACL-Unfunded Commitments in Accrued expenses and other liabilities. The provision is recorded within the Provision for credit losses on the Company’s Consolidated Statements of Income. The following table presents a rollforward of the ACL-Unfunded Commitments for the years ended December 31, 2025 and December 31, 2024:
Components of Provision for Credit Losses The following table summarizes the Provision for credit losses for the years ended December 31, 2025 and December 31, 2024:
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| Premises and Equipment | Premises and Equipment At December 31, 2025 and December 31, 2024, premises and equipment consisted of the following:
For the years ended December 31, 2025 and December 31, 2024, depreciation and amortization expense related to premises and equipment totaled $2.3 million and $2.2 million, respectively. For the years ended December 31, 2025 and December 31, 2024, depreciation and amortization expense includes amortization of the right-of-use-asset, totaling $1.8 million and $1.6 million, respectively.
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Leases |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | Leases As of December 31, 2025, the Company leases real estate for nine full-service branch locations and headquarter office under various operating lease agreements. The Bank also operates in a limited service Domestic Representative Office in New Canaan, Connecticut and in Garden City, New York. During 2025, the Bank received regulatory approval from the FDIC, the CT DOB, and the NY DFS to establish a new full-service branch in Brooklyn, New York, which opened during the first quarter of 2026. The branch leases and the limited service Domestic Representative Office have maturities ranging from 2028 to 2033, some of which include options to extend the lease term. The Company is not reasonably certain to exercise these renewal options, and as a result, these optional periods are not included in determining the lease term. The weighted average remaining life of the lease term for these leases was 4.5 years as of December 31, 2025. The Company utilized a weighted average discount rate of 5.2% in determining the lease liability for its branch locations and limited service Domestic Representative Office and a discount rate of 4.5% for its headquarters office. The total fixed operating lease costs were $2.3 million and $2.2 million for the years ended December 31, 2025 and December 31, 2024, respectively. The total variable operating lease costs were $0.3 million and $0.2 million for the years ended December 31, 2025 and December 31, 2024, respectively. The right-of-use-asset, included in was $10.0 million as of December 31, 2025 and the corresponding lease liability, included in was $11.0 million and $12.0 million as of December 31, 2025 and December 31, 2024, respectively. Future minimum lease payments as of December 31, 2025 are as follows:
A reconciliation of the undiscounted cash flows in the maturity table above and the lease liability recognized in the consolidated balance sheet as of December 31, 2025, is shown below:
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Other Assets |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Assets | Other Assets The components of other assets as of December 31, 2025 and December 31, 2024 are summarized below:
Deferred Compensation The Company has a non-qualified deferred compensation plan for the Board of Directors that allows for the deferral of fees earned related to services rendered for the Company. The deferred compensation balance increased $1.9 million for the year ended December 31, 2025 compared to the year ended December 31, 2024. Loan Servicing The Bank sells loans in the secondary market and retains the right to service many of these loans. The Bank earns fees for the servicing provided. Loans serviced for others are not included in the accompanying consolidated balance sheets. The balance of loans serviced for others was $140.5 million and $186.9 million at December 31, 2025 and December 31, 2024, respectively. The risks inherent in servicing assets relate primarily to changes in the timing of prepayments that result from shifts in interest rates. The significant assumptions used in the valuation at December 31, 2025 for servicing assets included a discount rate of 10% and prepayment speed assumptions ranging from 3% to 18%. The significant assumptions used in the valuation at December 31, 2024 for servicing assets included a discount rate of 10% and prepayment speed assumptions ranging from 3% to 18%. The carrying value of loan servicing rights was $1.0 million and $0.6 million as of December 31, 2025 and December 31, 2024, respectively. The following table presents the changes in carrying value for loan servicing assets net of allowances:
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Deposits |
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| Deposits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits | Deposits At December 31, 2025 and December 31, 2024, deposits consisted of the following:
Maturities of time certificates of deposit as of December 31, 2025 and December 31, 2024 are summarized below:
The aggregate amount of individual certificate accounts, with balances of $250,000 or more, were approximately $245.0 million and $232.6 million at December 31, 2025 and December 31, 2024, respectively. Brokered certificate of deposits totaled $505.0 million and $651.5 million at December 31, 2025 and December 31, 2024, respectively. Brokered money market accounts totaled $53.7 million and $53.5 million at December 31, 2025 and 2024, respectively. Certificates of deposits from national listing services were $42.3 million and $109.1 million as of December 31, 2025 and December 31, 2024, respectively. There were no certificates of deposits from one-way buy CDARS or one-way buy ICS at December 31, 2025 or December 31, 2024. Brokered deposits are comprised of Brokered CDs, brokered money market accounts, one-way buy CDARS, and one-way buy ICS. The following table summarizes interest expense by account type for the years ended December 31, 2025 and 2024:
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Federal Home Loan Bank Advances and Other Borrowings |
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| Advance from Federal Home Loan Bank [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Federal Home Loan Bank Advances and Other Borrowings | Federal Home Loan Bank Advances and Other Borrowings The following is a summary of FHLB advances with maturity dates and weighted average rates at December 31, 2025 and December 31, 2024:
Interest expense on FHLB advances totaled $3.1 million and $3.6 million for the years ended December 31, 2025 and December 31, 2024, respectively. The Bank has additional borrowing capacity at the FHLB up to a certain percentage of the value of qualified collateral. In accordance with agreements with the FHLB, the qualified collateral must be free and clear of liens, pledges and encumbrances. At December 31, 2025, the Company had pledged eligible loans and investment securities with a book value of $847.6 million as collateral to support borrowing capacity at the FHLB of Boston. As of December 31, 2025, the Company has immediate availability to borrow an additional $426.0 million based on qualified collateral. At December 31, 2025, the Bank had a secured borrowing line with the Federal Reserve Bank of New York ("FRBNY"), a letter of credit with the FHLB, and unsecured lines of credit with Zions Bank, Pacific Coast Bankers Bank ("PCBB"), and Atlantic Community Bankers Bank ("ACBB"). The total borrowing line, letter, or line of credit and the amount outstanding at December 31, 2025 are summarized below:
Federal Home Loan Bank Stock As a member of the FHLB, the Bank is required to maintain investments in their capital stock. The Bank owned 62,067 shares and 56,545 shares at December 31, 2025 and December 31, 2024, respectively. There is no active market or quoted market values for the stock and as such is classified as restricted stock. The shares have a par value of $100 and are carried on the consolidated balance sheets at cost, and evaluated for impairment, as the stock is only redeemable at par subject to the redemption practices of the FHLB. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted; (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance; (c) the impact of legislative and regulatory changes on the client base of the FHLB; and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired as of December 31, 2025 or December 31, 2024.
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Subordinated Debentures |
12 Months Ended |
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Dec. 31, 2025 | |
| Subordinated Borrowings [Abstract] | |
| Subordinated Debentures | Subordinated Debentures On October 14, 2021, the Company completed a private placement of a $35.0 million fixed-to-floating rate subordinated note (the “2021 Note”) to an institutional accredited investor. The Company used the net proceeds to repay the outstanding balance of subordinated debt issued in 2015 and for general corporate purposes. The 2021 Note bears interest at a fixed rate of 3.25% per year until October 14, 2026. Thereafter, the interest rate will reset quarterly at a variable rate equal to the then current three-month term SOFR plus 233 basis points. The 2021 Note has a stated maturity of October 15, 2031 and is non-callable for five years. Beginning October 15, 2026, the Company may redeem the 2021 Note, in whole or in part, at its option. The 2021 Note is not redeemable at the option of the holder. The 2021 Note has been structured to qualify for the Company as Tier 2 capital under regulatory guidelines. On August 19, 2022, the Company entered into a Subordinated Note Purchase Agreement with certain qualified institutional buyers, pursuant to which the Company issued and sold 6.0% fixed-to-floating rate subordinated notes due 2032 (the “2022 Notes”) in the aggregate principal amount of $35.0 million. The Company used the net proceeds from the sale of the 2022 Notes for general corporate purposes. The 2022 Notes bear interest at a fixed rate of 6.0% per year until August 31, 2027. Thereafter, the interest rate will reset quarterly at a variable rate equal to the then current three-month term SOFR plus 326 basis points. The 2022 Notes have a stated maturity of September 1, 2032 and are non-callable for five years. Beginning August 19, 2027, the Company may redeem the 2022 Notes, in whole or in part, at its option. The 2022 Notes are not subject to redemption at the option of the holder. The 2022 Notes have been structured to qualify for the Company as Tier 2 capital under regulatory guidelines. The Company incurred certain costs associated with the issuance of its subordinated debt. The Company capitalized these costs and they have been presented within subordinated debentures on the consolidated balance sheets. At December 31, 2025 and 2024, unamortized debt issuance costs were $0.3 million and $0.5 million, respectively. Debt issuance costs amortize over the expected life of the related debt. For the years ended December 31, 2025 and 2024 the amortization expense for debt issuance costs were $0.2 million and $0.2 million, respectively, and were recognized as an increase to interest expense on borrowings within the consolidated statements of income. The Company recognized $3.2 million and $3.2 million in interest expense related to its subordinated debt for the years ended December 31, 2025 and 2024, respectively.
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Commitments and Contingencies |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies | Commitments and Contingencies Leases As of December 31, 2025, the Company leases real estate for nine full-service branch locations and headquarter office under various operating lease agreements. The Bank also operates in a limited service Domestic Representative Office in New Canaan, Connecticut and in Garden City, New York. During 2025, the Bank received regulatory approval from the FDIC, the CT DOB, and the NY DFS to establish a new full-service branch in Brooklyn, New York, which opened during the first quarter of 2026. The branch leases and the limited service Domestic Representative Office have maturities ranging from 2028 to 2033, some of which include options to extend the lease term. Reference Note 7 for further detail. Legal Matters The Company is involved in various legal proceedings which have arisen in the normal course of business. Management believes that resolution of these matters will not have a material effect on the Company’s financial condition or results of operations. Off-Balance Sheet Instruments In the normal course of business, the Company is a party to financial instruments with off-balance sheet risk to meet the financing needs of its clients. These financial instruments include commitments to extend credit and involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the financial statements. The contractual amounts of these instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The contractual amounts of commitments to extend credit represent the amounts of potential accounting loss should the contract be fully drawn upon, the clients default, and the value of any existing collateral becomes worthless. Management uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments and evaluates each client’s creditworthiness on a case-by-case basis. Management believes that they control the credit risk of these financial instruments through credit approvals, credit limits, monitoring procedures and the receipt of collateral as deemed necessary. Financial instruments whose contract amounts represented credit risk at December 31, 2025 was as follows:
Loan pipeline, while not legally binding, represents the Company's future potential funding obligations which are currently in an advanced stage of underwriting and are subject to various conditions before disbursement. Loans in the pipeline are typically short-term, usually within 90 days. Loan commitments, undisbursed construction loans, and unused home equity lines of credit are agreements to lend to a client if there is no violation of any condition established in the contract or certain milestones in the case of construction loans or otherwise required collateral under borrowing base limits are met. They generally have fixed expiration dates or other termination clauses and may require payment of a fee by the borrower. Since these commitments could expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counter party. The types of collateral held varies, but may include residential and commercial property, deposits and securities. These commitments subject the Company to potential exposure in excess of amounts recorded in the financial statements, and therefore, management maintains a specific reserve for unfunded credit commitments. This reserve is reported as a component of accrued expenses and other liabilities in the accompanying Consolidated Balance Sheets. The reserve for unfunded commitments totaled $487 thousand at December 31, 2025. As of December 31, 2025, the Company had remaining capital commitments totaling $5.0 million to three Small Business Investment Companies ("SBIC") and remaining capital commitments totaling $3.6 million to three private equity investment companies. These contributions represent equity investments for the Company.
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Income Taxes |
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| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | Income Taxes The components of income tax expense for the years ended December 31, 2025 and December 31, 2024 consisted of:
In October 2015, the Company created Bankwell Loan Servicing Group, Inc., a Passive Investment Company (“PIC”) organized for state income tax purposes. The PIC is a wholly-owned subsidiary of the Bank operating in accordance with Connecticut statutes. The PIC’s activities are limited in scope to holding and managing loans that are collateralized by real estate. Income earned by a PIC is determined in accordance with the statutory requirements for a passive investment company and the dividends paid by the PIC to the Bank are not taxable income for Connecticut income tax purposes. As a result of the formation of the PIC, the Bank is currently not subject to Connecticut income taxes. State taxes are being recognized for income taxes on income earned in other states. A reconciliation of the anticipated income tax expense, computed by applying the statutory federal income tax rate of 21% for the years ended December 31, 2025 and December 31, 2024 to the income before income taxes, to the amount reported in the consolidated statements of income for the years ended December 31, 2025 and December 31, 2024 was as follows:
(1) State taxes in Florida and New York consisted of the majority (greater than 50%) of the tax effect. (2) Includes nondeductible expenses, shortfalls, and windfalls.
At December 31, 2025 and December 31, 2024, the components of deferred tax assets and liabilities were as follows:
A valuation allowance against deferred tax assets is required if, based on the weight of available evidence, it is more-likely-than-not that some or all of the deferred tax assets will not be realized. Management evaluated its remaining deferred tax assets and believes no valuation allowances were needed at December 31, 2025 or December 31, 2024. At December 31, 2025, the Company had federal net operating loss carryovers of $1.2 million. The carryovers were transferred to the Company upon the merger with The Wilton Bank. The losses will expire after 2032 and are limited to $176 thousand per annum. As a result of management's analysis of the Company's tax position, a reserve has been established for uncertain tax positions in conjunction with the Company's out of state lending activity. The total reserve for uncertain tax positions totaled $1.7 million as of December 31, 2025. The tax years 2022 and subsequent are subject to examination by federal and state taxing authorities. The statute of limitations has expired on the years before 2022. No examinations are currently in process. The following table reflects a reconciliation of the beginning and ending balances of the Company’s uncertain tax positions:
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401(K) Profit Sharing Plan |
12 Months Ended |
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Dec. 31, 2025 | |
| Retirement Benefits [Abstract] | |
| 401(K) Profit Sharing Plan | 401(K) Profit Sharing Plan The Company’s employees are eligible to participate in The Bankwell Financial Group, Inc. and its Subsidiaries and Affiliates 401(k) Plan (the “401k Plan”). The 401k Plan covers substantially all employees who are at least 21 years of age. Under the terms of the 401k Plan, participants can contribute up to a certain percentage of their compensation, subject to federal limitations. The Company matches eligible contributions and may make discretionary matching and/or profit sharing contributions. Participants are immediately vested in their contributions and become fully vested in the Company’s contributions after completing five years of service. The Company expensed $278 thousand and $338 thousand related to the 401k Plan during the years ended December 31, 2025 and December 31, 2024, respectively.
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Earnings Per Share ("EPS") |
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share ("EPS") | Earnings Per Share ("EPS") Unvested restricted stock awards that contain non-forfeitable rights to dividends are participating securities and are included in the computation of EPS pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The Company’s unvested restricted stock awards qualify as participating securities. Net income is allocated between the common stock and participating securities pursuant to the two-class method. Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period, excluding participating unvested restricted stock awards. Diluted EPS is computed in a similar manner, except that the denominator includes the number of additional common shares that would have been outstanding if potentially dilutive common shares were issued using the treasury stock method. The following is a reconciliation of earnings available to common shareholders and basic weighted average common shares outstanding to diluted weighted average common shares outstanding, reflecting the application of the two-class method:
(1) Represents dividends paid and undistributed earnings allocated to unvested stock-based awards that contain non-forfeitable rights to dividends. (2) Represents the effect of the assumed exercise of stock options and warrants and the vesting of restricted shares, as applicable, utilizing the treasury stock method.
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Stock Based Compensation |
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| Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Based Compensation | Stock Based Compensation Equity award plans The Company has unvested restricted stock outstanding under two equity award plans, which are collectively referred to as the “Stock Plans.” Any future issuances of equity awards will be made under the 2022 Bankwell Financial Group, Inc. Stock Plan, or the “2022 Plan,” as amended from time-to-time. All equity awards made under the 2022 Plan and prior equity award plans are made by means of an award agreement, which contains the specific terms and conditions of the grant. To date, all equity awards have been in the form of restricted stock. At December 31, 2025, there were 274,300 shares reserved for future issuance under the 2022 Plan. Restricted stock: Restricted stock provides grantees with rights to shares of common stock upon completion of a service period and, with respect to a portion of some grants, achievement of certain performance metrics. Shares of unvested restricted stock are considered participating securities. Restricted stock awards generally vest over to five years. The following table presents the activity for restricted stock for the year ended December 31, 2025:
(1) Includes 35,186 shares of performance based restricted stock. (2) Includes 56,771 shares of performance based restricted stock. (3) Includes 4,136 shares of performance based restricted stock. The total fair value of restricted stock awards vested during the year ended December 31, 2025 was $3.3 million. The Company’s restricted stock expense for the years ended December 31, 2025 and December 31, 2024 was $2.3 million and $3.0 million, respectively. At December 31, 2025, there was $4.0 million of unrecognized stock compensation expense for restricted stock, expected to be recognized over a weighted average period of 2.4 years. Performance based restricted stock: The Company has 74,921 shares of performance based restricted stock outstanding as of December 31, 2025 pursuant to the Company’s Stock Plans. The awards vest between a and three year service period, provided certain performance metrics are met. The share quantity that ultimately vests can range between 0% and 200%, which is dependent on the degree to which the performance metrics are met. The Company records an expense over the vesting period based on (a) the probability that the performance metric will be met and (b) the fair market value of the Company’s stock at the date of the grant. Certain awards vest in full upon the completion of a specified service period, while others vest ratably over the requisite service period.
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Comprehensive Income |
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| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Comprehensive Income | Comprehensive Income Comprehensive income represents the sum of net income and items of other comprehensive income or loss, including net unrealized gains or losses on securities available for sale and net unrealized gains or losses on derivatives. The Company's derivative instruments are utilized to manage economic risks, including interest rate risk. Changes in fair value of the Company's derivatives are primarily driven by changes in interest rates and recognized in other comprehensive income. The Company's current derivative positions will cause a decrease to other comprehensive income in a falling interest rate environment and an increase in a rising interest rate environment. The Company’s total comprehensive income or loss for the years ended December 31, 2025 and December 31, 2024 is reported in the Consolidated Statements of Comprehensive Income. The following tables present the changes in accumulated other comprehensive (loss) income by component, net of tax for the years ended December 31, 2025 and December 31, 2024:
The following table provides information for the items reclassified from accumulated other comprehensive income or loss:
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Derivative Instruments |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Instruments | Derivative Instruments The Company manages economic risks, including interest rate, liquidity, and credit risk, by managing the amount, sources, and duration of its funding along with the use of interest rate derivative financial instruments, namely interest rate swaps. The Company does not use derivatives for speculative purposes. As of December 31, 2025, the Company was a party to one cash flow swap, designated as a hedging instrument, to add stability to interest expense and to manage its exposure to the variability of the future cash flows attributable to the contractually specified interest rates. The notional amount for the swap is $25 million and the Company has entered into the pay-fixed cash flow swap to convert rolling 90-day FHLB advances or brokered deposits. Cash flow swaps with a positive fair value are recorded as other assets and cash flow swaps with a negative fair value are recorded as other liabilities on the Consolidated Balance Sheets. The Company has one pay-fixed portfolio layer method fair value swap, designated as a hedging instrument, with a total notional amount of $150 million. The Company designated the fair value swap under the portfolio layer method. Under this method, the hedged item is designated as a hedged layer of a closed portfolio of financial loans that is anticipated to remain outstanding for the designated hedged period. Adjustments will be made to record the swap at fair value on the Consolidated Balance Sheets, with changes in fair value recognized in interest income. The carrying value of the fair value swap on the Consolidated Balance Sheets will also be adjusted through interest income, based on changes in fair value attributable to changes in the hedged risk. The following table represents the carrying value of the portfolio layer method hedged asset and the cumulative fair value hedging adjustment included in the carrying value of the hedged asset as of December 31, 2025 and December 31, 2024:
(1) These amounts include the amortized cost basis of closed portfolios of fixed rate loans used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolio anticipated to be outstanding for the designated hedged period. As of December 31, 2025, the amortized cost basis of the closed portfolio used in this hedging relationship was $470.6 million, the cumulative basis adjustments associated with this hedging relationships was $0.2 million, and the amount of the designated hedged item was $150.0 million. As of December 31, 2025, the Company has interest rate swaps not designated as hedging instruments, to minimize interest rate risk exposure with loans to clients. The Company accounts for all non-borrower related interest rate swaps as effective cash flow hedges or fair value swaps. None of the interest rate swap agreements contain any credit risk related contingent features. A hedging instrument is expected at inception to be highly effective at offsetting changes in the hedged transactions attributable to the changes in the hedged risk. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain loan clients. The Company executes interest rate swaps with commercial banking clients to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting derivatives that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the client derivatives and the offsetting derivatives are recognized directly in earnings. Interest rate swaps with a positive fair value are recorded as other assets and interest rate swaps with a negative fair value are recorded as other liabilities on the Consolidated Balance Sheets. Information about derivative instruments for the years ended December 31, 2025 and December 31, 2024 is as follows:
(1) Represents interest rate swaps with commercial banking clients, which are offset by derivatives with a third party. Accrued interest receivable related to interest rate swaps as of December 31, 2025 totaled $0.1 million and is excluded from the fair value presented in the table above. The fair value of interest rate swaps in a net asset position, including accrued interest, totaled $1.9 million as of December 31, 2025.
(1) Represents interest rate swaps with commercial banking clients, which are offset by derivatives with a third party. Accrued interest receivable related to interest rate swaps as of December 31, 2024 totaled $0.6 million and is excluded from the fair value presented in the table above. The fair value of interest rate swaps in a net asset position, including accrued interest, totaled $3.7 million as of December 31, 2024. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. The Company expects to reclassify $0.2 million to interest income during the next 12 months. The Company assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged item or transaction. The Company does not offset derivative assets and derivative liabilities for financial statement presentation purposes. Changes in the consolidated statements of comprehensive income (loss) related to interest rate derivatives designated as hedges of cash flows were as follows for the years ended December 31, 2025 and December 31, 2024:
The unrealized gains and losses set forth in the above table are reflective of market interest rates as of the respective balance sheet dates. Generally, a lower interest rate environment will result in a negative impact to comprehensive income whereas a higher interest rate environment will result in a positive impact to comprehensive income. The following table summarizes the effect of the fair value hedging relationship recognized in the Consolidated Statements of Income for the years ended December 31, 2025 and December 31, 2024:
The following tables summarize gross and net information about derivative instruments that are offset in the Consolidated Balance Sheets at December 31, 2025 and December 31, 2024:
(1) Includes accrued interest receivable totaling $65 thousand.
(1) Includes net interest payable totaling $38 thousand.
(1) Includes accrued interest receivable totaling $568 thousand.
(1) Includes net interest receivable totaling $30 thousand.
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Fair Value of Financial Instruments |
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value of Financial Instruments | Fair Value of Financial Instruments GAAP requires disclosure of fair value information about financial instruments, whether or not recognized in the Consolidated Balance Sheets, for which it is practicable to estimate that value. 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 rates and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparisons to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction. The estimated fair value amounts have been measured as of the respective period-ends, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments will change when interest rate levels change and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk. The carrying values, fair values and placement in the fair value hierarchy of the Company’s financial instruments at December 31, 2025 and December 31, 2024 were as follows:
The following methods and assumptions were used by management in estimating the fair value of its financial instruments: Cash and due from banks, federal funds sold, accrued interest receivable and accrued interest payable: The carrying amount is a reasonable estimate of fair value. Marketable equity securities, available for sale securities and held to maturity securities: Fair values are based on quoted market prices or dealer quotes, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. The majority of the available for sale securities are considered to be Level 2 as other observable inputs are utilized, such as quoted prices for similar securities. Level 1 investment securities include investments in a U.S. treasury note and in marketable equity securities for which a quoted price is readily available in the market. Level 3 held to maturity securities represent private placement municipal housing authority bonds for which no quoted market price is available. The fair value for these securities is estimated using a discounted cash flow model, using discount rates ranging from 4.1% to 6.4% as of December 31, 2025 and 5.3% to 7.2% as of December 31, 2024. These securities are CRA eligible investments. FHLB stock: The carrying value of FHLB stock approximates fair value based on the most recent redemption provisions of the FHLB. Loans receivable: For variable rate loans which reprice frequently and have no significant change in credit risk, fair values are based on carrying values. The fair value of fixed rate loans are estimated by discounting the future cash flows using the rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value methodology includes prepayment, default and loss severity assumptions applied by type of loan. The fair value estimate of the loans includes an expected credit loss. Derivative assets (liabilities): The valuation of the Company’s interest rate swaps is obtained from a third-party pricing service and is determined using a discounted cash flow analysis on the expected cash flows of each derivative. The pricing analysis is based on observable inputs for the contractual terms of the derivatives, including the period to maturity and interest rate curves. The Company also considers the creditworthiness of each counterparty for assets and the creditworthiness of the Company for liabilities. Deposits: The fair value of demand deposits, regular savings and certain money market deposits is the amount payable on demand at the reporting date. The fair value of certificates of deposit and other time deposits is estimated using a discounted cash flow calculation that applies interest rates currently being offered for deposits of similar remaining maturities to a schedule of aggregated expected maturities on such deposits. Borrowings and subordinated debentures: The fair value of the Company’s borrowings and subordinated debentures is estimated using a discounted cash flow calculation that applies discount rates currently offered based on similar maturities. The Company also considers its own creditworthiness in determining the fair value of its borrowings and subordinated debt. Contractual cash flows for the subordinated debt are reduced based on the estimated rates of default, the severity of losses to be incurred on a default, and the rates at which the subordinated debt is expected to prepay after the call date. Servicing assets (liabilities): Servicing assets and liabilities do not trade in an active, open market with readily observable prices. The Company estimates the fair value of servicing assets and liabilities using discounted cash flow models, incorporating numerous assumptions from the perspective of a market participant, including market discount rates. Off-balance-sheet instruments: Loan commitments on which the committed interest rate is less than the current market rate are insignificant at December 31, 2025 and December 31, 2024. Other Real Estate Owned ("OREO"): OREO is held at the lower of cost or fair value and is measured at fair value when recorded below cost. The fair value of OREO is calculated using independent appraisals or internal valuation methods, less estimated selling costs, and may consider available pricing guides, auction results, price opinions, and other factors that are not observable in an active market when determining fair value. Accordingly, OREO are classified within Level 3 of the fair value hierarchy. At December 31, 2025, there was no OREO. At December 31, 2024, the fair value of OREO was $8.3 million.
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Fair Value Measurements |
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements | Fair Value Measurements The Company is required to account for certain assets at fair value on a recurring or non-recurring basis. As discussed in Note 1, the Company determines fair value in accordance with GAAP, which defines fair value and establishes a framework for measuring fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. GAAP establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair values: Level 1 — Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 — Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 — Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Valuation techniques based on unobservable inputs are highly subjective and require judgments regarding significant matters such as the amount and timing of future cash flows and the selection of discount rates that may appropriately reflect market and credit risks. Changes in these judgments often have a material impact on the fair value estimates. In addition, since these estimates are as of a specific point in time they, are susceptible to material near-term changes. Financial Instruments Measured at Fair Value on a Recurring Basis The following table details the financial instruments carried at fair value on a recurring basis at December 31, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value. The Company had no transfers into or out of Levels 1, 2 or 3 during the years ended December 31, 2025 and December 31, 2024.
Marketable equity securities and available for sale securities: The fair value of the Company’s investment securities is estimated by using pricing models or quoted prices of securities with similar characteristics (i.e. matrix pricing) and is classified within Level 1 or Level 2 of the valuation hierarchy. The pricing is primarily sourced from third party pricing services, overseen by management. Derivative assets and liabilities: The Company’s derivative assets and liabilities consist of transactions as part of management’s strategy to manage interest rate risk. The valuation of the Company’s interest rate swaps is obtained from a third-party pricing service and is determined using a discounted cash flow analysis on the expected cash flows of each derivative. The pricing analysis is based on observable inputs for the contractual terms of the derivatives, including the period to maturity and interest rate curves. The Company also considers the creditworthiness of each counterparty for assets and the creditworthiness of the Company for liabilities. The Company has determined that the majority of the inputs used to value its interest rate derivatives fall within Level 2 of the fair value hierarchy. Financial Instruments Measured at Fair Value on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a non-recurring basis in accordance with GAAP. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period as well as assets that are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The following table details the financial instruments measured at fair value on a nonrecurring basis at December 31, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value:
The following table presents information about quantitative inputs and assumptions for Level 3 financial instruments carried at fair value on a nonrecurring basis at December 31, 2025 and December 31, 2024:
Individually evaluated loans: Loans are generally not recorded at fair value on a recurring basis. Periodically, the Company records nonrecurring adjustments to the carrying value of loans based on fair value measurements for partial charge-offs of the uncollectible portions of those loans. Nonrecurring adjustments also include certain credit loss amounts for collateral-dependent loans calculated in accordance with ASC 310-10 when establishing the allowance for credit losses. Such amounts are generally based on the fair value of the underlying collateral supporting the loan. Collateral is typically valued using appraisals or other indications of value based on recent comparable sales of similar properties or other assumptions. Estimates of fair value based on collateral are generally based on assumptions not observable in the marketplace and therefore such valuations have been classified as Level 3. For those loans where the primary source of repayment is cash flow from operations, adjustments include credit losses calculated based on the perceived collectability of interest payments on the basis of a discounted cash flow analysis utilizing a discount rate equivalent to the original note rate. Servicing assets and liabilities: When loans are sold, on a servicing retained basis, servicing rights are initially recorded at fair value. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized. The fair value of servicing assets and liabilities are not measured on an ongoing basis but are subject to fair value adjustments when and if the assets or liabilities are deemed to be impaired. Assets held for sale: Assets held for sale (excluding loans) consist of real estate properties that are expected to sell within a year. The assets are reported at the lower of the carrying amount or fair value less costs to sell. The fair value represents the price that would be received to sell the asset (the exit price).
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Regulatory Matters |
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| Regulatory Matters [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regulatory Matters | Regulatory Matters The FRB, the FDIC and the other federal and state bank regulatory agencies establish regulatory capital guidelines for U.S. banking organizations. Under the current guidelines, banking organizations must have a minimum total risk-based capital ratio of 8.0%, a minimum Tier 1 risk-based capital ratio of 6.0%, a minimum common equity Tier 1 risk-based capital ratio of 4.5%, and a minimum Tier 1 capital to average assets ratio of 4.0% in order to be "adequately capitalized." In addition to these requirements, banking organizations must maintain a capital conservation buffer consisting of common Tier 1 equity in an amount above the minimum risk-based capital requirements for “adequately capitalized” institutions equal to 2.5% of total risk-weighted assets, resulting in a requirement for the Company and the Bank to effectively maintain common equity Tier 1, Tier 1 and total capital ratios of 7.0%, 8.5% and 10.5%, respectively. The Company and the Bank must maintain the capital conservation buffer to avoid restrictions on the ability to pay dividends, pay discretionary bonuses, or to engage in share repurchases. As of June 30, 2023, the Company no longer met the definition of a Small Bank Holding Company as the Company's assets exceeded $3 billion. Effective March 31, 2024, the Company became subject to the larger company capital requirements as set forth in the Economic Growth Act. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. As of December 31, 2025, the Bank and Company met all capital adequacy requirements to which they are subject. There are no conditions or events since then that management believes have changed this conclusion. The capital amounts and ratios for the Bank and the Company at December 31, 2025 were as follows:
The capital amounts and ratios for the Bank and Company at December 31, 2024 were as follows:
Regulatory Restrictions on Dividends The ability of the Company to pay dividends depends, in part, on the ability of the Bank to pay dividends to the Company. In accordance with Connecticut statutes, regulatory approval is required to pay dividends in excess of the Bank’s profits retained in the current year plus retained profits from the previous two years. The Bank is also prohibited from paying dividends that would reduce its capital ratios below minimum regulatory requirements. Reserve Requirements on Cash The Bank was not required to maintain a minimum reserve balance in the FRBNY at December 31, 2025 or December 31, 2024 as the FRBNY has waived this requirement.
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Related Party Transactions |
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Dec. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions In the normal course of business, the Company may grant loans to executive officers, directors and members of their immediate families, as defined, and to entities in which these individuals have more than a 10% equity ownership. Such loans are transacted at terms including interest rates, similar to those available to unrelated clients. There were no related party loans outstanding during the years ending December 31, 2025 and December 31, 2024. Related party deposits aggregated to approximately $56.8 million and $53.3 million at December 31, 2025 and December 31, 2024, respectively. During the year ended December 31, 2025, the Company had no payments to related parties for services provided to the Company.
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Parent Corporation Only Financial Statements |
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| Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Parent Corporation Only Financial Statements | Parent Corporation Only Financial Statements Bankwell Financial Group, Inc., the Parent Corporation, operates its wholly-owned subsidiary, Bankwell Bank. The earnings of this subsidiary are recognized by the Parent Corporation using the equity method of accounting. Accordingly, earnings are recorded as increases in the Parent Corporation’s investment in the subsidiary and dividends paid reduce the investment in the subsidiary. Condensed financial statements of the Parent Corporation only are as follows: Condensed Statements of Financial Condition
Condensed Statements of Income
Condensed Statements of Cash Flows
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Subsequent Events |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events The Parent Corporation's Board of Directors declared a $0.20 per share cash dividend, payable February 20, 2026 to shareholders of record on February 10, 2026. On February 20, 2026, the Company opened its Brooklyn branch located in Bay Ridge.
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Insider Trading Arrangements |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Trading Arrangements, by Individual | |
| Rule 10b5-1 Arrangement Adopted | false |
| Non-Rule 10b5-1 Arrangement Adopted | false |
| Rule 10b5-1 Arrangement Terminated | false |
| Non-Rule 10b5-1 Arrangement Terminated | false |
Insider Trading Policies and Procedures |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Insider Trading Policies and Procedures [Line Items] | |
| Insider Trading Policies and Procedures Adopted | true |
Cybersecurity Risk Management and Strategy Disclosure |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Cybersecurity Risk Management, Strategy, and Governance [Line Items] | |
| Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] | The Company’s risk management program for cybersecurity is integrated into our risk management and general compliance programs and processes. Our cybersecurity program utilizes a layered strategy to identify and mitigate cybersecurity threats. Our Information Security Officer ("ISO") is responsible for the day-to-day management of the Company’s global information security program, which includes defining policies and procedures to safeguard our information systems and data, conducting vulnerability, threat and third-party information security assessments, information security event management (i.e., responding to ransomware and other cyber-attacks, business continuity and recovery), evaluating external cyber intelligence, supporting industry cybersecurity efforts and working with governmental agencies. The information security team also develops training for employees to support adherence to the Company’s policies and procedures, along with increasing awareness of cyber-related risk. The personnel training includes, but is not limited to, mandatory onboarding training, phishing simulations with automated remediation training, table-top incident response exercises, and educational intranet posting and email campaigns. The Company leverages the U.S. Department of Commerce’s National Institute of Standards and Technology Cybersecurity Framework ("the NIST Framework") as the foundation of its global information security program. The NIST Framework provides standards, guidelines, and practices for organizations to better manage and reduce cybersecurity risk and is designed to foster risk and cybersecurity management communications amongst both internal and external organizational stakeholders. The Company’s ISO works with independent, third-party consultants to assess the maturity of the Company’s cybersecurity program within the NIST Framework and to develop strategic areas of focus for the Company’s program commensurate with the Company’s business objectives. The Company’s information security program incorporates both internal and independent assessments, as well as partnerships with industry leaders, to support a coordinated, company‑wide approach to information security. Additionally, we maintain a comprehensive program that defines standards for the planning, sourcing, management, and oversight of third-party relationships and third-party access to our system, facilities, and/or confidential or proprietary data. Cybersecurity incidents may create risk to the Company that may impact its reputation, financial performance, ability to operate safely or at all, and the value of its intellectual property. Like most corporations, the Company is the target of industrial espionage, including cyberattacks, from time to time. The Company has determined that these incidents have resulted, and could result in the future, in unauthorized parties gaining access to certain confidential business information. However, to date, the Company has not experienced any known cybersecurity incidents that have materially affected the Company, including the Company's results of operations and financial condition, changes in the competitive environment, business operations and strategy. Although management does not believe that the Company has experienced any material losses to date related to cybersecurity incidents, there can be no assurance that the Company will not suffer such losses in the future.
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| Cybersecurity Risk Management Processes Integrated [Flag] | true |
| Cybersecurity Risk Management Processes Integrated [Text Block] | The Company’s risk management program for cybersecurity is integrated into our risk management and general compliance programs and processes. Our cybersecurity program utilizes a layered strategy to identify and mitigate cybersecurity threats. Our Information Security Officer ("ISO") is responsible for the day-to-day management of the Company’s global information security program, which includes defining policies and procedures to safeguard our information systems and data, conducting vulnerability, threat and third-party information security assessments, information security event management (i.e., responding to ransomware and other cyber-attacks, business continuity and recovery), evaluating external cyber intelligence, supporting industry cybersecurity efforts and working with governmental agencies. The information security team also develops training for employees to support adherence to the Company’s policies and procedures, along with increasing awareness of cyber-related risk. The personnel training includes, but is not limited to, mandatory onboarding training, phishing simulations with automated remediation training, table-top incident response exercises, and educational intranet posting and email campaigns.
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| Cybersecurity Risk Management Third Party Engaged [Flag] | true |
| Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] | true |
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] | false |
| Cybersecurity Risk Board of Directors Oversight [Text Block] | The Risk Committee of the Board of Directors provides oversight of the Company’s cybersecurity risks, ensuring that Board oversight of such risks remains appropriate and that risks are appropriately managed. The Risk Committee conducts a minimum of one cybersecurity program update per year, including a review of capital spend, budget, and staffing, as well as periodic reports on cybersecurity threats, awareness training, and key risk indicators related to the Company’s progress on risk mitigation activities. Additionally, on an annual basis, the Risk Committee reviews and recommends to the Board approval of management's recommendations on cybersecurity insurance. The Company’s Chief Information Officer (“CIO”) oversees the Company’s information technology strategy, operations, and investments, ensuring that technology initiatives support business objectives, resiliency, and risk‑management priorities. The CIO brings more than 25 years of experience in financial‑services technology leadership and holds a Bachelor of Science in Computer Engineering and a Master’s degree in Software Development and Management. The Company’s Chief Security Officer ("CSO") reports to the Chief Risk Officer and oversees the Company’s information security programs. The Company’s Risk Management Committee is comprised of the Chief Risk Officer (Chair) and the CSO who assess and monitor the effectiveness of the Company’s cybersecurity risk‑management program. Informed by the annual risk assessment, the Company’s internal audit function performs independent reviews and validation of the program, including assessments of policies and procedures. Both the CIO and CSO regularly report to the Board’s Risk Committee on the Company’s identification, prevention, detection, mitigation, and remediation of cybersecurity risks and incidents. In 2025, the Risk Committee reviewed the Company’s cybersecurity program and maturity assessment, provided regular oversight of cybersecurity risks, and received updates throughout the year through discussions and dashboard reviews of key performance indicators and emerging risks. With respect to specific incidents, the Company uses an established incident‑response framework to escalate and evaluate incidents with the CIO and CSO, as well as senior leadership from the finance, compliance, and legal functions. In the event of a potentially material cybersecurity incident, the Risk Committee is immediately notified and briefed.
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| Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] | The Risk Committee of the Board of Directors provides oversight of the Company’s cybersecurity risks, ensuring that Board oversight of such risks remains appropriate and that risks are appropriately managed. The Risk Committee conducts a minimum of one cybersecurity program update per year, including a review of capital spend, budget, and staffing, as well as periodic reports on cybersecurity threats, awareness training, and key risk indicators related to the Company’s progress on risk mitigation activities. Additionally, on an annual basis, the Risk Committee reviews and recommends to the Board approval of management's recommendations on cybersecurity insurance. |
| Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] | Both the CIO and CSO regularly report to the Board’s Risk Committee on the Company’s identification, prevention, detection, mitigation, and remediation of cybersecurity risks and incidents. In 2025, the Risk Committee reviewed the Company’s cybersecurity program and maturity assessment, provided regular oversight of cybersecurity risks, and received updates throughout the year through discussions and dashboard reviews of key performance indicators and emerging risks. With respect to specific incidents, the Company uses an established incident‑response framework to escalate and evaluate incidents with the CIO and CSO, as well as senior leadership from the finance, compliance, and legal functions. In the event of a potentially material cybersecurity incident, the Risk Committee is immediately notified and briefed.
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| Cybersecurity Risk Role of Management [Text Block] | The Company’s Chief Information Officer (“CIO”) oversees the Company’s information technology strategy, operations, and investments, ensuring that technology initiatives support business objectives, resiliency, and risk‑management priorities. The CIO brings more than 25 years of experience in financial‑services technology leadership and holds a Bachelor of Science in Computer Engineering and a Master’s degree in Software Development and Management. The Company’s Chief Security Officer ("CSO") reports to the Chief Risk Officer and oversees the Company’s information security programs. The Company’s Risk Management Committee is comprised of the Chief Risk Officer (Chair) and the CSO who assess and monitor the effectiveness of the Company’s cybersecurity risk‑management program. Informed by the annual risk assessment, the Company’s internal audit function performs independent reviews and validation of the program, including assessments of policies and procedures. Both the CIO and CSO regularly report to the Board’s Risk Committee on the Company’s identification, prevention, detection, mitigation, and remediation of cybersecurity risks and incidents. In 2025, the Risk Committee reviewed the Company’s cybersecurity program and maturity assessment, provided regular oversight of cybersecurity risks, and received updates throughout the year through discussions and dashboard reviews of key performance indicators and emerging risks. With respect to specific incidents, the Company uses an established incident‑response framework to escalate and evaluate incidents with the CIO and CSO, as well as senior leadership from the finance, compliance, and legal functions. In the event of a potentially material cybersecurity incident, the Risk Committee is immediately notified and briefed.
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| Cybersecurity Risk Management Positions or Committees Responsible [Flag] | true |
| Cybersecurity Risk Management Positions or Committees Responsible [Text Block] | The Risk Committee of the Board of Directors provides oversight of the Company’s cybersecurity risks, ensuring that Board oversight of such risks remains appropriate and that risks are appropriately managed. The Risk Committee conducts a minimum of one cybersecurity program update per year, including a review of capital spend, budget, and staffing, as well as periodic reports on cybersecurity threats, awareness training, and key risk indicators related to the Company’s progress on risk mitigation activities. Additionally, on an annual basis, the Risk Committee reviews and recommends to the Board approval of management's recommendations on cybersecurity insurance. The Company’s Chief Information Officer (“CIO”) oversees the Company’s information technology strategy, operations, and investments, ensuring that technology initiatives support business objectives, resiliency, and risk‑management priorities. The CIO brings more than 25 years of experience in financial‑services technology leadership and holds a Bachelor of Science in Computer Engineering and a Master’s degree in Software Development and Management. The Company’s Chief Security Officer ("CSO") reports to the Chief Risk Officer and oversees the Company’s information security programs. The Company’s Risk Management Committee is comprised of the Chief Risk Officer (Chair) and the CSO who assess and monitor the effectiveness of the Company’s cybersecurity risk‑management program. Informed by the annual risk assessment, the Company’s internal audit function performs independent reviews and validation of the program, including assessments of policies and procedures.
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| Cybersecurity Risk Management Expertise of Management Responsible [Text Block] | The Company’s Chief Information Officer (“CIO”) oversees the Company’s information technology strategy, operations, and investments, ensuring that technology initiatives support business objectives, resiliency, and risk‑management priorities. The CIO brings more than 25 years of experience in financial‑services technology leadership and holds a Bachelor of Science in Computer Engineering and a Master’s degree in Software Development and Management. The Company’s Chief Security Officer ("CSO") reports to the Chief Risk Officer and oversees the Company’s information security programs. |
| Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] | Both the CIO and CSO regularly report to the Board’s Risk Committee on the Company’s identification, prevention, detection, mitigation, and remediation of cybersecurity risks and incidents. In 2025, the Risk Committee reviewed the Company’s cybersecurity program and maturity assessment, provided regular oversight of cybersecurity risks, and received updates throughout the year through discussions and dashboard reviews of key performance indicators and emerging risks. With respect to specific incidents, the Company uses an established incident‑response framework to escalate and evaluate incidents with the CIO and CSO, as well as senior leadership from the finance, compliance, and legal functions. In the event of a potentially material cybersecurity incident, the Risk Committee is immediately notified and briefed
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| Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] | true |
Nature of Operations and Summary of Significant Accounting Policies (Policies) |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of the Company and the Bank, including its wholly owned passive investment company subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation.
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| Use of Estimates | Use of Estimates The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities as of the date of the consolidated balance sheet and revenue and expenses for the period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near-term relate to the ACL-Loans and ACL-Securities.
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| Segments | Segments The Company has one reportable segment. All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and borrowings while managing the interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit. The Chief Executive Officer (CEO), acting as the Chief Operating Decision Maker (CODM), determines the Company's one reportable segment. This determination is based on information about the Company's banking operations, its primary business, and the level of detail provided to the CODM for performance review. Similar operating performance, products and services, and customer bases allow for aggregation of business components into this one segment. The CODM evaluates financial performance by reviewing the consolidated financial results of the Company, analyzing factors such as revenue streams, significant expenses, and capital levels, as well as budget-to-actual results. Consolidated net income and related performance metrics are also used to benchmark the Company’s performance against competitors. The analysis of the Company’s results, including benchmarking, informs performance assessment and compensation decisions. The banking operations generate revenue through loans, investments, and deposits, while significant expenses include interest expense, the provision for credit losses, and salaries and employee benefits. All operations are domestic.
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| Basis of Consolidated Financial Statement Presentation | Basis of Consolidated Financial Statement Presentation The consolidated financial statements have been prepared in accordance with GAAP and general practices within the banking industry. Such policies have been followed on a consistent basis.
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| Cash and Cash Equivalents and Statement of Cash Flows | Cash and Cash Equivalents and Statement of Cash Flows Cash and due from banks and federal funds sold are recognized as cash equivalents in the consolidated statements of cash flows. Federal funds sold generally mature in one day. For purposes of reporting cash flows, all highly liquid debt instruments purchased with an original maturity of three months or less are considered to be cash equivalents. Cash flows from loans and deposits are reported net. The balances of cash and due from banks and federal funds sold, at times, may exceed federally insured limits. The Company has not experienced any losses from such concentrations.
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| Investment Securities | Investment Securities Management determines the appropriate classifications of investment securities at the date individual investment securities are acquired, and the appropriateness of such classifications is reaffirmed at each balance sheet date. The Company’s investments are categorized as marketable equity, available for sale or held to maturity securities. Held to maturity investments are carried at amortized cost. Available for sale securities are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss) as a separate component of capital, net of estimated income taxes. Marketable equity securities are carried at fair value, with any changes in fair value reported in earnings. The sale of a held to maturity security within three months of its maturity date or after collection of at least 85% of the principal outstanding at the time the security was acquired is considered a maturity for purposes of classification and disclosure. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains or losses on the sales of securities are recognized at trade date utilizing the specific identification method. Transfers of debt securities into the held to maturity classification from the available for sale classification are made at fair value on the date of transfer. The unrealized holding gain or loss on the date of transfer is retained in accumulated other comprehensive income and in the carrying value of the held to maturity securities. Such amounts are amortized over the remaining contractual lives of the securities. When transfers of debt securities into the available for sale classification from the held to maturity classification occur, any unrealized holding gains or losses on the transfer date are recognized in other comprehensive income.
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| Allowance for Credit Losses-Loans ("ACL-Loans") and Allowance for Credit Losses-Unfunded commitments ("ACL-Unfunded commitments") | Allowance for Credit Losses - Securities ("ACL-Securities") Pursuant to ASC 326, the Company individually evaluates the available for sale debt securities and held to maturity securities for impairment credit losses quarterly. Available for sale securities include U.S. Treasuries, mortgage-backed securities, and corporate bonds. U.S. Treasuries and mortgaged-backed securities are guaranteed by the U.S. Government and as a result, management has a zero loss expectation. No ACL-Securities was recorded for these securities as of December 31, 2025. For the corporate bond portfolio, the Company developed a metric which includes each issuer’s current credit ratings and key financial performance metrics to assess the underlying performance of each issuer. The analysis of the issuers’ performance and the intent of the Company to retain these securities support the determination that there was no expected credit loss, and therefore, no ACL-Securities were recognized on the corporate bond portfolio as of December 31, 2025. Of our held to maturity securities portfolio, four securities' fair values were less than their respective amortized costs as of December 31, 2025. Since these are highly rated state agency and municipal obligations, the Company's expectation of nonpayment of the amortized cost basis is zero. No allowance for ACL-Securities was recorded for these securities as of December 31, 2025. Allowance for Credit Losses-Loans ("ACL-Loans") and Allowance for Credit Losses-Unfunded commitments ("ACL-Unfunded commitments") The ACL-Loans is measured on each loan’s amortized cost basis, excluding interest receivable, and is initially recognized upon origination or purchase of the loan, and subsequently remeasured on a recurring basis. The ACL-Loans is recognized as a contra-asset, and credit loss expense is recorded as a provision for credit losses in the consolidated statements of income. Loan losses are charged off against the ACL-Loans when management believes the loan is uncollectible. Subsequent recoveries, if any, are credited to the ACL-Loans. Loans are normally placed on nonaccrual status if it is probable that the Company will be unable to collect the full payment of principal and interest when due according to the contractual terms of the loan agreement, or the loan is past due for a period of 90 days or more unless the obligation is well-secured and is in the process of collection. The Company generally does not recognize an allowance for credit losses ("ACL") on accrued interest receivables, consistent with its policy to reverse interest income when interest is 90 days or more past due. The Company also records an ACL-Unfunded commitments, which is based on the same assumptions as funded loans and also considers the probability of funding. The ACL is recognized as a liability, and credit loss expense is recorded as a provision for unfunded loan commitments within the provision for credit losses in the Consolidated statements of income. For collectively evaluated loans and related unfunded commitments, the Company utilizes software provided by a third party, which includes various models for forecasting expected credit losses, to calculate its ACL. Management selected lifetime loss rate models, utilizing CRE, C&I, and Consumer specific models, to calculate the expected losses over the life of each loan based on exposure at default, loan attributes, reasonable and supportable economic forecasts, and adjusted for qualitative factors considered by management. The models selected by the Company in its ACL calculation rely upon historical losses from a broad cross section of U.S. banks that also utilize the same third party for ACL calculations. Management reviewed the third party’s analysis of the banks included in the models as part of their model development dataset and determined the Company’s loan portfolio composition by property type, balance distribution by loan age, and delinquency status are similar, which supports the use of these loss rate models. The Company also noted the third party’s model development dataset has loan concentrations that are evenly distributed across the United States, while the Company’s portfolio is mainly concentrated in the Northeast. Based on the disparate regional concentration, management determined that a select group of peer banks is necessary to scale the loss rate models to produce an ACL that is more representative of the Company’s loan portfolio and geographic area. This peer-based calibration, called a "scalar", utilizes the loss rates of a subset of peer banks to appropriately scale the initial model results. These peers have been selected by the Company given their similar characteristics, such as loan portfolio composition, location, and asset size, to better align the models’ results to the Company’s expected losses. Key assumptions used in the models include portfolio segmentation, risk rating, forecasted economic scenarios, the peer scalar, and the expected utilization of unfunded commitments, among others. Our loan portfolios are segmented by loan level attributes such as loan type, size, date of origination, and delinquency status to create homogenous loan pools. Pool level metrics are calculated, and loss rates are subsequently applied to the pools as the loans have similar characteristics. To account for economic uncertainty, the Company incorporates multiple economic scenarios in determining the ACL. The scenarios include various projections based on variables such as Gross Domestic Product, interest rates, property price indices, and employment measures, among others. The scenarios are probability-weighted based on available information at the time the calculation is conducted. As part of our ongoing governance of ACL, scenario weightings and model parameters are reviewed periodically by management and are subject to change, as deemed appropriate. The Company also considers qualitative adjustments to expected credit loss estimates for information not already captured in the quantitative loss estimation models. Qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Qualitative loss factors are based on the Company’s judgment of market, changes in loan composition or concentrations, performance trends, regulatory changes, uncertainty of macroeconomic forecasts, and other asset specific risk characteristics. When loans do not share risk characteristics with other financial assets, they are evaluated individually. Management applies its normal loan review procedures in making these judgments. Individually evaluated loans consist of loans with credit quality indicators which are substandard or doubtful. The Company also individually evaluates all insurance premium loans as well as a cash-secured loan to an individual. While these loans are considered consumer loans, the third-party Consumer ACL model is designed for unsecured lending, whereas these loans are secured. To account for the fully secured structure of this type of loan, management determined each loan will be individually evaluated, regardless of the credit quality indicators. These loans are evaluated based upon their collateral, which primarily consists of cash, cash surrender value life insurance, and in some cases real estate. In determining the ACL-Loans for individually evaluated loans, the Company generally applies a discounted cash flow method for instruments that are individually assessed. For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable and where the borrower is experiencing financial difficulty, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. Fair value is generally calculated based on the value of the underlying collateral less an appraisal discount and the estimated cost to sell.
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| Bank Owned Life Insurance | Bank Owned Life Insurance The investment in bank owned life insurance (“BOLI”) represents the cash surrender value of life insurance policies on the lives of certain Bank employees who have provided positive consent allowing the Bank to be the beneficiary of such policies. Increases in the cash value of the policies, as well as insurance proceeds received, are recorded in noninterest income, and are not subject to income taxes. The financial strength of the insurance carrier is reviewed prior to the purchase of BOLI and annually thereafter.
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| Federal Home Loan Bank Stock | Federal Home Loan Bank Stock Federal Home Loan Bank of Boston (“FHLB”) stock is a non-marketable equity security that is carried at cost. There are no quoted market prices for this security and the security is not liquid. The Company can sell these securities back to the FHLB at par.
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| Loans Held For Sale | Loans Held For Sale Loans held for sale are those loans which management has the intent to sell in the foreseeable future, and are carried at the lower of aggregate cost or market value. Net unrealized losses, if any, are recognized by a valuation allowance through a charge to noninterest income. Realized gains and losses on the sale of loans are recognized on the trade date and are determined by the difference between the sale proceeds and the carrying value of the loans. Loans may be sold with servicing rights released or retained. At the time of the sale, management records a servicing asset for the value of any retained servicing rights, which represents the present value of the differential between the contractual servicing fee and adequate compensation, defined as the fee a sub-servicer would require to assume the role of servicer, after considering the estimated effects of prepayments. Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the transferor does not maintain effective control over the transferred assets through either (a) an agreement that both entitles and obligates the transferor to repurchase or redeem the assets before maturity or (b) the ability to unilaterally cause the holder to return specific assets, other than through a cleanup call.
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| Loans Receivable | Loans Receivable Loans receivable that management has the ability and intent to hold for the foreseeable future or until maturity or payoff are stated at their current unpaid principal balances, net of the ACL-Loans, charge-offs, recoveries, net deferred loan origination fees and unamortized loan premiums. Past due or delinquency status for all loans is based on the number of days past due in accordance with its contractual payment terms. A loan is individually evaluated when it is probable that all contractual principal or interest payments due will not be collected in accordance with the terms of the loan agreement. Individually evaluated loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral, if the loan is collateral dependent. Credit losses, if any, and any subsequent changes are recorded as adjustments to the ACL-Loans. Individually evaluated loans also include modified loans where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Loans greater than 90 days past due are put on nonaccrual status. Loans are also placed on nonaccrual status when, in the opinion of management, full collection of principal and interest is doubtful. Interest previously accrued, but uncollected, is reversed against current period income. Subsequent payments are recognized on a cash basis or principal recapture basis depending on a number of factors including probability of collection and if a credit loss is identified. A nonaccrual loan is restored to accrual status when it is no longer delinquent and collectability of interest and principal is no longer in doubt. Management reviews all nonaccrual loans, other loans past due 90 days or more, and modified loans for credit losses. In most cases, loan payments that are past due less than 90 days are considered minor collection delays and the related loans may not be individually evaluated. Consumer installment loans are considered to be pools of small balance homogeneous loans, which are collectively evaluated for credit losses. Modifications made to a loan are considered under ASC 326 when two conditions are met: 1) the borrower is experiencing financial difficulties and 2) the modification constitutes a concession that is not in line with market rates and/or terms. Modified terms are dependent upon the financial position and needs of the individual borrower. Debt may be bifurcated with separate terms for each tranche of the modified debt. The decision to modify a loan, versus aggressively enforcing the collection of the loan, may benefit the Company by increasing the ultimate probability of collection. If a performing loan is modified into a modification it remains in performing status. If a nonperforming loan is modified, it continues to be carried in nonaccrual status. Nonaccrual classification may be removed if the borrower demonstrates compliance with the modified terms for a minimum of six months. Modifications are reported as such for at least one year from the date of modifying. In years after the modification, loans may be removed from this classification if the modification agreement specifies a market rate of interest equal to that which would be provided to a borrower with similar credit at the time of modification and the loan is not deemed to be a credit loss based on the modified terms.
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| Acquired Loans | Acquired Loans Acquired loans that met the criteria for nonaccrual of interest prior to the acquisition are considered performing upon acquisition, regardless of whether the client is contractually delinquent, if the Company can reasonably estimate the timing and amount of the expected cash flows on such loans and if the Company expects to fully collect the new carrying value of the loans. As such, the Company may no longer consider the loan to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable yield. The Company has determined that it can reasonably estimate future cash flows on the Company’s current portfolio of acquired loans that are past due 90 days or more, and on which the Company is accruing interest and the Company expects to fully collect the carrying value of the loans.
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| Loan Modifications | Loan modifications A loan will be considered modified as defined by ASC 326 when both of the following conditions are met: 1) the borrower is experiencing financial difficulties and 2) the modification constitutes a direct change in contractual cash flows for a significant period of time. Modified terms are dependent upon the financial position and needs of the individual borrower.
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| Interest and Fees on Loans | Interest and Fees on Loans Interest on loans is accrued and included in income based on contractual rates applied to principal amounts outstanding. Accrual of interest is discontinued when loan payments are 90 days or more past due, based on contractual terms, or when, in the judgment of management, collectability of the loan or loan interest becomes uncertain. When interest accrual is discontinued, all unpaid accrued interest is reversed against interest income. Subsequent recognition of income occurs only to the extent payment is received subject to management’s assessment of the collectability of the remaining interest and principal. A nonaccrual loan is restored to accrual status when it is no longer delinquent and collectability of interest and principal is no longer in doubt. Loan origination fees, net of direct loan origination costs, are deferred and amortized as an adjustment to the loan’s yield generally over the contractual life of the loan, utilizing the interest method.
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| Goodwill and Intangibles | Goodwill and Intangibles Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in a business combination. Intangible assets are assets acquired in a business combination that lack physical substance but can be distinguished from goodwill because the intangible asset is capable of being sold or exchanged on its own or in combination with related contracts, assets or liabilities. Intangible assets are amortized on a straight-line or accelerated basis over estimated lives. Goodwill is not amortized. Goodwill and identifiable intangible assets are evaluated for impairment annually or whenever events or changes in circumstances indicate the carrying value of these assets may not be recoverable. When these assets are evaluated for impairment, if the carrying amount exceeds fair value, an impairment charge is recorded to income. The fair value is based on observable market prices, when practicable. Other valuation techniques may be used when market prices are unavailable, including estimated discounted cash flows. This type of analysis contains uncertainties because it requires management to make assumptions and to apply judgment to estimate industry economic factors and the profitability of future business strategies. In the event of future changes in fair value, the Company may be exposed to an impairment charge that could be material.
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| Other Real Estate Owned | Other Real Estate Owned Assets acquired through deed in lieu or loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed.
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| Premises and Equipment | Premises and Equipment Premises and equipment are stated at cost, net of accumulated depreciation and amortization. Leasehold improvements are capitalized and amortized over the shorter of the terms of the related leases or the estimated economic lives of the improvements. Capitalized software development costs are amortized on a straight-line basis over the estimated useful life of the software. Depreciation and amortization is charged to operations using the straight-line method over the estimated useful lives of the related assets which range from to thirty-nine years. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized.
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| Asset Held for Sale | Assets Held for Sale Assets held for sale (excluding loans) consist of real estate properties that are expected to sell within a year. The assets are reported at the lower of the carrying amount or fair value less costs to sell. Depreciation is not recognized on any assets that are classified as held for sale.
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| Leases | Leases The Company recognizes and measures its leases in accordance with ASC 842, "Leases". The Company leases real estate for its branch and headquarters office under various operating lease agreements. The Company determines if an arrangement is a lease, or contains a lease, at inception of a contract and when the terms of an existing contract are changed. The Company recognizes a lease liability and right-of-use-asset (ROUA) at the commencement date of the lease. The lease liability is initially and subsequently recognized based on the present value of its future lease payments. The discount rate is the implicit rate if it's readily determinable or otherwise the Company uses its incremental borrowing rate. The implicit rates of our leases are not readily determinable and accordingly, we use our incremental borrowing rate based on the information available at the commencement date for all leases. The ROUA is subsequently measured throughout the lease term at the amount of the remeasured lease liability (i.e., present value of the remaining lease payments), plus any unamortized initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of any lease incentives received, and any impairment recognized. Lease cost for lease payments is recognized on a straight-line basis over the lease term. The ROUA is included in premises and equipment, net and the lease liability is included in accrued expenses and other liabilities on the consolidated balance sheets.
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| Impairment of Long-Lived Assets | Impairment of Long-Lived Assets Long-lived assets, including premises and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If impairment is indicated by that review, the asset is written down to its estimated fair value through a charge to noninterest expense.
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| Servicing Rights | Servicing Rights When loans are sold on a servicing retained basis, servicing rights are initially recorded at fair value with the income statement effect recorded in noninterest income. All classes of servicing assets are subsequently measured using the amortization method, which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the life of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. Any impairment is reported as a valuation allowance, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the allowance may be recorded as an increase to income. Changes in the valuation allowance are reported in other income on the consolidated statements of income. The fair values of servicing rights are subject to fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. Loans serviced for others are not included in the accompanying consolidated balance sheets. Servicing fee income, which is included in service charges and fees on the income statement, is recorded for fees earned for servicing loans. Fees earned for servicing loans are based on a contractual percentage of the outstanding principal amount of the loan and are recorded as income when earned. The amortization of servicing rights is recorded in noninterest income.
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| Income Taxes | Income Taxes The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more-likely-than-not that all or some portion of the deferred tax assets will not be realized. In the ordinary course of business there is inherent uncertainty in quantifying the Company’s income tax positions. Income tax positions and recorded tax benefits assessed for all years are subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting date. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, we have determined the amount of the tax benefit to be recognized by estimating the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company has $1.7 million and $1.6 million of liabilities for uncertain tax positions at December 31, 2025 and 2024, respectively. Where applicable, associated interest and penalties have also been recognized. We recognize accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. On July 4, 2025, the U.S. government enacted tax legislation commonly referred to as the One Big Beautiful Bill Act. The Company determined that the enactment of the Act did not have a material impact on its consolidated financial statements, including its income tax provision, deferred tax balances, or effective tax rate for the year ended December 31, 2025. Accordingly, no material adjustments related to the Act were recorded in the accompanying consolidated financial statements. The Company will continue to monitor future interpretive guidance and administrative developments related to the Act; however, such guidance is not expected to materially affect the Company’s income tax provision.
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| Advertising Cost | Advertising Costs Advertising costs are expensed as incurred.
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| Stock Compensation | Stock Compensation The Company measures and recognizes compensation costs relating to share-based payment transactions based on the grant-date fair value of the equity instruments issued. The fair value of time-based restricted stock is recorded based on the grant date fair value of the Company’s common stock. For performance based grants, the Company records an expense over the vesting period based on (a) the probability that the performance metric will be met and (b) the fair market value of the Company’s stock at the date of the grant. The fair value of stock options is determined using the Black-Scholes Option Pricing model. Stock-based compensation costs are recognized over the requisite service period for the awards. Compensation expense reflects the number of awards expected to vest and is adjusted based on awards that ultimately vest. The Company recognizes forfeitures as they occur.
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| Earnings Per Share | Earnings Per Share Unvested restricted stock awards that contain non-forfeitable rights to dividends, are participating securities, and are included in the computation of EPS pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The Company’s unvested restricted stock awards qualify as participating securities. Net income is allocated between the common stock and participating securities pursuant to the two-class method. Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period, excluding participating unvested restricted stock awards. Diluted EPS is computed in a similar manner, except that the denominator includes the number of additional common shares that would have been outstanding if potentially dilutive common shares were issued using the treasury stock method.
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| Comprehensive Income | Comprehensive Income Comprehensive income represents the sum of net income and items of other comprehensive income or loss, including net unrealized gains or losses on securities available for sale and net unrealized gains or losses on derivatives accounted for as cash flow hedges. The Company’s total comprehensive income or loss for the years ended December 31, 2025 and 2024 is reported in the Consolidated Statements of Comprehensive Income.
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| Fair Values of Financial Instruments | Fair Values of Financial Instruments The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Fair value 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 certain instances, there are no quoted market prices for certain assets or liabilities. 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 asset or liability. Fair value measurements focus on exit prices 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. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at either December 31, 2025 or December 31, 2024. The estimated fair value amounts have been measured as of the respective period-ends, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end.
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| Derivative Instruments | Derivative Instruments The effective portion of unrealized changes in the fair value of derivatives accounted for as cash flow hedges is reported in other comprehensive income and subsequently reclassified to earnings in the same period or periods during which the hedged forecasted transaction affects earnings. The Bank assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged item or transaction. Interest rate swap assets are presented in other assets and interest rate swap liabilities are presented in accrued expenses and other liabilities in the consolidated balance sheets. The hedge strategy converts the contractually specified interest rate on short-term rolling FHLB advances or brokered deposits to long-term fixed interest rates, thereby protecting the Bank from interest rate variability. The Company does not offset derivative assets and derivative liabilities for financial statement presentation purposes. The Company has one pay-fixed portfolio layer method fair value swap, designated as a hedging instrument, with a total notional amount of $150 million. The Company designated the fair value swap under the portfolio layer method. Under this method, the hedged item is designated as a hedged layer of a closed portfolio of financial loans that is anticipated to remain outstanding for the designated hedged period. Adjustments will be made to record the swap at fair value on the Consolidated Balance Sheets, with changes in fair value recognized in interest income. The carrying value of the fair value swap on the Consolidated Balance Sheets will also be adjusted through interest income, based on changes in fair value attributable to changes in the hedged risk. The Company also has derivatives not designated as hedges. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain loan clients. The Company executes interest rate swaps with commercial banking clients to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting derivatives that the Company executes with a third party, such that the Company minimizes its net interest risk exposure resulting from such transactions. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the client derivatives and the offsetting derivatives are recognized directly in earnings.
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| Related Party Transactions | Related Party Transactions Directors and officers of the Company and their affiliates have been clients of and have had transactions with the Company, and it is expected that such persons will continue to have such transactions in the future. Management believes that all deposit accounts, loans, services and commitments comprising such transactions were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other clients who are not directors or officers. In the opinion of management, the transactions with related parties did not involve more than normal risks of collectability, nor favored treatment or terms, nor present other unfavorable features. Note 22 contains details regarding related party transactions.
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| Common Share Repurchases | Common Share Repurchases The Company is incorporated in the state of Connecticut. Connecticut law does not provide for treasury shares, but rather shares repurchased by the Company constitute authorized, but unissued shares. GAAP states that accounting for treasury stock shall conform to state law. Therefore, the cost of shares repurchased by the Company has been allocated to common stock balances.
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| Reclassification | Reclassification Certain prior period amounts may be reclassified to conform to the 2025 financial statement presentation. These reclassifications only change the reporting categories and do not affect the consolidated results of operations or consolidated financial position of the Company.
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| Recent Accounting Pronouncements | Recent Accounting Pronouncements The following section includes changes in accounting principles and potential effects of new accounting guidance and pronouncements. Recently issued accounting pronouncements not yet adopted. ASU No. 2024-03—Income Statement: "Reporting Comprehensive Income - Expense Disaggregation Disclosures": The amendments in this update is to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions. The amendments in this update are effective for annual periods beginning after December 15, 2026. ASU No. 2025-01—Income Statement: "Reporting Comprehensive Income - Expense Disaggregation Disclosures": Following the issuance of Update 2024-03, this amendment clarifies the initial effective date for entities that do not have an annual reporting period that ends on December 31 (referred to as non-calendar year-end entities). The amendment is effective for public business entities for annual reporting periods beginning after December 15, 2026. The Company believes this ASU will not have a material impact on existing disclosures and will continue to monitor for SEC action, and plan accordingly for adoption. ASU No. 2025-09—Derivatives and Hedging: "Hedge Accounting Improvements": The amendment in this update is to better align accounting with risk management and address reference rate reform challenges. The update introduces changes across five areas, including broadening similar risk assessment for cash flow hedges, introducing a model for Choose-Your-Rate debt, and replacing the contractually specified component model for nonfinancial forecasted transactions. The amendment is effective for public business entities for annual reporting periods beginning after December 15, 2026. The Company believes this ASU will not have a material impact on existing disclosures and will continue to monitor for SEC action, and plan accordingly for adoption. Recently issued accounting pronouncements that have been adopted. ASU No. 2023-09—Income Taxes (Topic 740): "Improvements to Income Tax Disclosures": The amendments in this update provide more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. For public business entities, the amendments in this update are effective for annual periods beginning after December 15, 2024. The Company adopted this ASU prospectively in December 2025 within the Income Tax Footnote disclosure and the Statement of Cash Flows.
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Goodwill and Other Intangible Assets (Tables) |
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| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Goodwill | Information on goodwill for the years ended December 31, 2025 and 2024 is as follows:
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Investment Securities (Tables) |
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| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Available for Sale and Held to Maturity Securities | The amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities segregated by contractual maturity at December 31, 2025 were as follows:
The amortized cost, gross unrealized gains and losses and fair values of available for sale and held to maturity securities segregated by contractual maturity at December 31, 2024 were as follows:
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| Schedule of Fair Value and Related Unrealized Losses of Temporarily Impaired Investment Securities, Aggregated by Investment Category | The following table provides information regarding the available for sale investment securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2025 and 2024:
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Loans Receivable and ACL-Loans (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Loan Portfolio | The following table sets forth a summary of the loan portfolio at December 31, 2025 and December 31, 2024:
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| Schedule of Portfolio Segment and Impairment Methodology, of ACL-Loan and Related Portfolio | The following tables set forth the activity in the Company’s ACL-Loans for the years ended December 31, 2025 and December 31, 2024, by portfolio segment:
(1) - This does not include the (Credit) for credit losses (unfunded commitments) of $268 thousand and $170 thousand for the years ended December 31, 2025 and December 31, 2024, respectively. Loans evaluated for credit loss and the related ACL-Loans as of December 31, 2025 and December 31, 2024 were as follows:
The following table summarizes the Provision for credit losses for the years ended December 31, 2025 and December 31, 2024:
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| Schedule of Loan Portfolio Quality Indicators by Portfolio Segment | The following tables present loans by origination, risk designation, and charge-offs as of December 31, 2025 and December 31, 2024 (dollars in thousands):
The following tables present credit risk ratings by loan segment as of December 31, 2025 and December 31, 2024:
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| Schedule of Information with Respect to our Loan Portfolio Delinquencies by Portfolio Segment and Amount | The following tables set forth certain information with respect to the Company's loan portfolio delinquencies by portfolio segment as of December 31, 2025 and December 31, 2024:
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| Schedule of Nonaccrual Loans by Portfolio Segment | The following is a summary of nonaccrual loans by portfolio segment as of December 31, 2025 and December 31, 2024:
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| Schedule of Loans Whose Terms were Modified as TDRs During the Periods | The following tables summarize individually evaluated loans by portfolio segment and the related average carrying amount and interest income recognized as of December 31, 2025 and December 31, 2024:
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Premises and Equipment (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Premises and Equipment | At December 31, 2025 and December 31, 2024, premises and equipment consisted of the following:
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Leases (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Future Minimum Lease Payments | Future minimum lease payments as of December 31, 2025 are as follows:
A reconciliation of the undiscounted cash flows in the maturity table above and the lease liability recognized in the consolidated balance sheet as of December 31, 2025, is shown below:
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Other Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Components of Other Assets | The components of other assets as of December 31, 2025 and December 31, 2024 are summarized below:
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| Schedule of Rollforward Loan Servicing Assets | The following table presents the changes in carrying value for loan servicing assets net of allowances:
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Deposits (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Deposit Liabilities | At December 31, 2025 and December 31, 2024, deposits consisted of the following:
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| Schedule of Time Deposits Maturity Schedule | Maturities of time certificates of deposit as of December 31, 2025 and December 31, 2024 are summarized below:
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| Schedule of Interest Expense | The following table summarizes interest expense by account type for the years ended December 31, 2025 and 2024:
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Federal Home Loan Bank Advances and Other Borrowings (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Advance from Federal Home Loan Bank [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of FHLB Advances With Maturity Dates and Weighted Average Rates | The following is a summary of FHLB advances with maturity dates and weighted average rates at December 31, 2025 and December 31, 2024:
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| Schedule of Line of Credit Outstanding | The total borrowing line, letter, or line of credit and the amount outstanding at December 31, 2025 are summarized below:
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Commitments and Contingencies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Off-balance Sheet Instruments | Financial instruments whose contract amounts represented credit risk at December 31, 2025 was as follows:
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Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Components of Income Tax Expense | The components of income tax expense for the years ended December 31, 2025 and December 31, 2024 consisted of:
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| Schedule of Reconciliation of the Anticipated Income Tax Expense | A reconciliation of the anticipated income tax expense, computed by applying the statutory federal income tax rate of 21% for the years ended December 31, 2025 and December 31, 2024 to the income before income taxes, to the amount reported in the consolidated statements of income for the years ended December 31, 2025 and December 31, 2024 was as follows:
(1) State taxes in Florida and New York consisted of the majority (greater than 50%) of the tax effect. (2) Includes nondeductible expenses, shortfalls, and windfalls.
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| Schedule of Components of Deferred Tax Assets and Liabilities | At December 31, 2025 and December 31, 2024, the components of deferred tax assets and liabilities were as follows:
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| Schedule of Reflects a Reconciliation of The Beginning and Ending Balances | The following table reflects a reconciliation of the beginning and ending balances of the Company’s uncertain tax positions:
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Earnings Per Share ("EPS") (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Reconciliation of Earnings Available to Common Stockholders and Basic Weighted Average Common Shares Outstanding to Diluted Weighted Average Common Shares Outstanding | The following is a reconciliation of earnings available to common shareholders and basic weighted average common shares outstanding to diluted weighted average common shares outstanding, reflecting the application of the two-class method:
(1) Represents dividends paid and undistributed earnings allocated to unvested stock-based awards that contain non-forfeitable rights to dividends. (2) Represents the effect of the assumed exercise of stock options and warrants and the vesting of restricted shares, as applicable, utilizing the treasury stock method.
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Stock Based Compensation (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Activity for Restricted Stock | The following table presents the activity for restricted stock for the year ended December 31, 2025:
(1) Includes 35,186 shares of performance based restricted stock. (2) Includes 56,771 shares of performance based restricted stock. (3) Includes 4,136 shares of performance based restricted stock.
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Comprehensive Income (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component | The following tables present the changes in accumulated other comprehensive (loss) income by component, net of tax for the years ended December 31, 2025 and December 31, 2024:
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| Schedule of Reclassified from Accumulated Other Comprehensive Income or Loss | The following table provides information for the items reclassified from accumulated other comprehensive income or loss:
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Derivative Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Portfolio Layer Method Hedged Asset | The following table represents the carrying value of the portfolio layer method hedged asset and the cumulative fair value hedging adjustment included in the carrying value of the hedged asset as of December 31, 2025 and December 31, 2024:
(1) These amounts include the amortized cost basis of closed portfolios of fixed rate loans used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolio anticipated to be outstanding for the designated hedged period. As of December 31, 2025, the amortized cost basis of the closed portfolio used in this hedging relationship was $470.6 million, the cumulative basis adjustments associated with this hedging relationships was $0.2 million, and the amount of the designated hedged item was $150.0 million.
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| Schedule of Derivative Instruments | Information about derivative instruments for the years ended December 31, 2025 and December 31, 2024 is as follows:
(1) Represents interest rate swaps with commercial banking clients, which are offset by derivatives with a third party.
(1) Represents interest rate swaps with commercial banking clients, which are offset by derivatives with a third party.
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| Schedule of Changes in the Consolidated Statements of Comprehensive Income (Loss) Related to Interest Rate Derivatives Designated as Hedges of Cash Flows | Changes in the consolidated statements of comprehensive income (loss) related to interest rate derivatives designated as hedges of cash flows were as follows for the years ended December 31, 2025 and December 31, 2024:
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| Schedule of Derivative Fair Value Hedge Recognized in Consolidated Statements of Income | The following table summarizes the effect of the fair value hedging relationship recognized in the Consolidated Statements of Income for the years ended December 31, 2025 and December 31, 2024:
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| Schedule of Gross and Net Information about Derivative Instruments that are Offset in the Consolidated Balance Sheets | The following tables summarize gross and net information about derivative instruments that are offset in the Consolidated Balance Sheets at December 31, 2025 and December 31, 2024:
(1) Includes accrued interest receivable totaling $65 thousand.
(1) Includes net interest payable totaling $38 thousand.
(1) Includes accrued interest receivable totaling $568 thousand.
(1) Includes net interest receivable totaling $30 thousand.
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Fair Value of Financial Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Carrying Values and Fair Values of The Company's Financial Instruments | The carrying values, fair values and placement in the fair value hierarchy of the Company’s financial instruments at December 31, 2025 and December 31, 2024 were as follows:
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Fair Value Measurements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Financial Instruments Carried at Fair Value on a Recurring Basis | The following table details the financial instruments carried at fair value on a recurring basis at December 31, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value. The Company had no transfers into or out of Levels 1, 2 or 3 during the years ended December 31, 2025 and December 31, 2024.
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| Schedule of Financial Instruments Carried at Fair Value on a Nonrecurring Basis | The following table details the financial instruments measured at fair value on a nonrecurring basis at December 31, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value:
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| Schedule of Quantitative Inputs and Assumptions for Level 3 Financial Instruments Carried at Fair Value on a Nonrecurring Basis | The following table presents information about quantitative inputs and assumptions for Level 3 financial instruments carried at fair value on a nonrecurring basis at December 31, 2025 and December 31, 2024:
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Regulatory Matters (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regulatory Matters [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Capital Amounts and Ratios | The capital amounts and ratios for the Bank and the Company at December 31, 2025 were as follows:
The capital amounts and ratios for the Bank and Company at December 31, 2024 were as follows:
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Parent Corporation Only Financial Statements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Condensed Statements of Financial Condition | Condensed financial statements of the Parent Corporation only are as follows: Condensed Statements of Financial Condition
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| Schedule of Condensed Statements of Income | Condensed Statements of Income
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| Schedule of Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
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Nature of Operations and Summary of Significant Accounting Policies - Narratives (Details) $ in Millions |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
mi²
segment
instrument
|
Dec. 31, 2024
USD ($)
|
|
| Business Combination | ||
| Number of reportable segment | segment | 1 | |
| Uncertain tax positions | $ 1.7 | $ 1.6 |
| Cash flow swaps | ||
| Business Combination | ||
| Notional amount | $ 25.0 | |
| Cash flow swaps | Fair Value Hedging | ||
| Business Combination | ||
| Number of interest rate derivatives held | instrument | 1 | |
| Notional amount | $ 150.0 | |
| Minimum | ||
| Business Combination | ||
| Fixed asset useful life (in years) | 3 years | |
| Maximum | ||
| Business Combination | ||
| Fixed asset useful life (in years) | 39 years | |
| Connecticut | ||
| Business Combination | ||
| Area of land (in miles) | mi² | 100 |
Shareholders' Equity - Common Stock (Details) - shares |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Stockholders' Equity Note [Abstract] | ||
| Common stock, share authorized (in shares) | 10,000,000 | 10,000,000 |
| Common stock, share issued (in shares) | 7,899,943 | 7,859,873 |
| Common shares outstanding (in shares) | 7,899,943 | 7,859,873 |
Shareholders' Equity - Issuer Purchases of Equity Securities (Details) - $ / shares |
12 Months Ended | 84 Months Ended | ||||
|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2025 |
Oct. 28, 2024 |
Oct. 27, 2021 |
Dec. 19, 2018 |
|
| Prior Plan | ||||||
| Subsidiary, Sale of Stock | ||||||
| Authorized shares for repurchase (in shares) | 400,000 | |||||
| Authorized additional shares for repurchase (in shares) | 200,000 | |||||
| Shares repurchased (in shares) | 85,990 | 535,802 | ||||
| Weighted average share repurchased (in dollars per share) | $ 24.82 | |||||
| New Plan | ||||||
| Subsidiary, Sale of Stock | ||||||
| Authorized shares for repurchase (in shares) | 250,000 | |||||
| Shares repurchased (in shares) | 44,550 | 0 | ||||
| Weighted average share repurchased (in dollars per share) | $ 29.93 | |||||
Goodwill and Other Intangible Assets - Summary of Goodwill (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Goodwill | ||
| Balance, beginning of the period | $ 2,589,000 | $ 2,589,000 |
| Impairment | 0 | 0 |
| Balance, end of the period | $ 2,589,000 | $ 2,589,000 |
Goodwill and Other Intangible Assets - Narratives (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Goodwill and Intangible Assets Disclosure [Abstract] | ||
| Goodwill impairment | $ 0 | $ 0 |
Investment Securities - Summary of Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Available for Sale and Held to Maturity Securities (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Available for sale securities: | ||
| Amortized cost | $ 162,730 | $ 112,443 |
| Gross unrealized gains | 172 | 66 |
| Gross unrealized losses | (2,493) | (5,081) |
| Fair value | 160,409 | 107,428 |
| Held to maturity securities | 29,465 | 36,553 |
| Held-to-maturity, gross unrealized gains | 1,780 | 1,228 |
| Held-to-maturity, gross unrealized losses | 200 | 1,090 |
| Fair value | 31,045 | 36,691 |
| Held to maturity securities: | ||
| Amortized cost | 29,465 | 36,553 |
| Gross unrealized gains | 1,780 | 1,228 |
| Gross unrealized losses | (200) | (1,090) |
| Fair value | 31,045 | 36,691 |
| U.S. Government and agency obligations | ||
| Available for sale securities: | ||
| Amortized cost, less than one year | 35,088 | 24,920 |
| Gross unrealized gains, less than one year | 43 | 66 |
| Gross unrealized losses, less than one year | (421) | (92) |
| Fair value, less than one year | 34,710 | 24,894 |
| Amortized cost, due from one through five years | 97,864 | 47,541 |
| Gross unrealized gains, due from one through five years | 127 | 0 |
| Gross unrealized losses, due from one through five years | (698) | (2,117) |
| Fair value, due from one through five years | 97,293 | 45,424 |
| Amortized cost, due from five through ten years | 17,024 | 16,038 |
| Gross unrealized gains, due from five through ten years | 0 | 0 |
| Gross unrealized losses, due from five through ten years | (756) | (906) |
| Fair value, due from five through ten years | 16,268 | 15,132 |
| Amortized cost, due after ten years | 1,754 | 6,944 |
| Gross unrealized gains, due after ten years | 0 | 0 |
| Gross unrealized losses, due after ten years | (101) | (812) |
| Fair value, due after ten years | 1,653 | 6,132 |
| Amortized cost | 151,730 | 95,443 |
| Gross unrealized gains | 170 | 66 |
| Gross unrealized losses | (1,976) | (3,927) |
| Fair value | 149,924 | 91,582 |
| Corporate bonds | ||
| Available for sale securities: | ||
| Amortized cost, due from one through five years | 4,000 | |
| Gross unrealized gains, due from one through five years | 2 | |
| Gross unrealized losses, due from one through five years | (22) | |
| Fair value, due from one through five years | 3,980 | |
| Amortized cost, due from five through ten years | 7,000 | 15,500 |
| Gross unrealized gains, due from five through ten years | 0 | 0 |
| Gross unrealized losses, due from five through ten years | (495) | (929) |
| Fair value, due from five through ten years | 6,505 | 14,571 |
| Amortized cost, due after ten years | 0 | 1,500 |
| Gross unrealized gains, due after ten years | 0 | 0 |
| Gross unrealized losses, due after ten years | 0 | (225) |
| Fair value, due after ten years | 0 | 1,275 |
| Amortized cost | 11,000 | 17,000 |
| Gross unrealized gains | 2 | 0 |
| Gross unrealized losses | (517) | (1,154) |
| Fair value | 10,485 | 15,846 |
| State agency and municipal obligations | ||
| Available for sale securities: | ||
| Held to maturity securities | 36,525 | |
| Held-to-maturity, gross unrealized gains | 1,227 | |
| Held-to-maturity, gross unrealized losses | 1,090 | |
| Fair value | 36,662 | |
| Held to maturity securities: | ||
| Amortized cost, due in less than one year | 0 | 6,820 |
| Gross unrealized gains, due in less than one year | 0 | 37 |
| Gross unrealized losses, due in less than one year | 0 | 0 |
| Fair value, due in less than one year | 0 | 6,857 |
| Amortized cost, due from five through ten years | 2,764 | 2,808 |
| Gross unrealized gains, due from five through ten years | 130 | 0 |
| Gross unrealized losses, due from five through ten years | 0 | (77) |
| Fair Value, due from five through ten years | 2,894 | 2,731 |
| Amortized cost, due after ten years | 26,701 | 26,897 |
| Gross unrealized gains, due after ten years | 1,650 | 1,190 |
| Gross unrealized losses, due after ten years | (200) | (1,013) |
| Fair value, due after ten years | $ 28,151 | 27,074 |
| Amortized cost | 36,525 | |
| Gross unrealized gains | 1,227 | |
| Gross unrealized losses | (1,090) | |
| Fair value | 36,662 | |
| Government-sponsored mortgage backed securities | ||
| Held to maturity securities: | ||
| Amortized cost, no contractual maturity | 28 | |
| Gross unrealized gains, no contractual maturity | 1 | |
| Gross unrealized losses, no contractual maturity | 0 | |
| Fair value, no contractual maturity | $ 29 |
Investment Securities - Narratives (Details) |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
security
|
Dec. 31, 2024
USD ($)
security
|
|
| Investments, Debt and Equity Securities [Abstract] | ||
| Investment security sold | security | 1 | 0 |
| Debt securities, securities pledged as collateral amount | $ 151,400,000 | $ 0 |
| Marketable equity securities, at fair value | 2,248,000 | 2,118,000 |
| Marketable equity securities at amortized cost | $ 2,300,000 | $ 2,300,000 |
| Number of available for sales debt securities in continuous loss position (positions) | security | 29 | 37 |
Investment Securities - Information Regarding Investment Securities with Unrealized Losses, Aggregated by Investment Category and Length of Time (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Length of Time in Continuous Unrealized Loss Position | ||
| Less than 12 months - fair value | $ 50,496 | $ 0 |
| Less than 12 months - unrealized loss | $ (346) | $ 0 |
| Less than 12 months - percent decline from amortized cost | 0.68% | 0.00% |
| 12 months or more - fair value | $ 61,803 | $ 97,425 |
| 12 months or more - unrealized loss | $ (2,147) | $ (5,081) |
| 12 months or more - percent decline from amortized cost | 3.36% | 4.96% |
| Fair value - total | $ 112,299 | $ 97,425 |
| Unrealized Loss - total | $ (2,493) | $ (5,081) |
| Percent decline from amortized cost - total | 2.17% | 4.80% |
| U.S. Government and agency obligations | ||
| Length of Time in Continuous Unrealized Loss Position | ||
| Less than 12 months - fair value | $ 50,496 | $ 0 |
| Less than 12 months - unrealized loss | $ (346) | $ 0 |
| Less than 12 months - percent decline from amortized cost | 0.68% | 0.00% |
| 12 months or more - fair value | $ 54,320 | $ 81,579 |
| 12 months or more - unrealized loss | $ (1,630) | $ (3,927) |
| 12 months or more - percent decline from amortized cost | 2.91% | 4.59% |
| Fair value - total | $ 104,816 | $ 81,579 |
| Unrealized Loss - total | $ (1,976) | $ (3,927) |
| Percent decline from amortized cost - total | 1.85% | 4.59% |
| Corporate bonds | ||
| Length of Time in Continuous Unrealized Loss Position | ||
| Less than 12 months - fair value | $ 0 | $ 0 |
| Less than 12 months - unrealized loss | $ 0 | $ 0 |
| Less than 12 months - percent decline from amortized cost | 0.00% | 0.00% |
| 12 months or more - fair value | $ 7,483 | $ 15,846 |
| 12 months or more - unrealized loss | $ (517) | $ (1,154) |
| 12 months or more - percent decline from amortized cost | 6.47% | 6.79% |
| Fair value - total | $ 7,483 | $ 15,846 |
| Unrealized Loss - total | $ (517) | $ (1,154) |
| Percent decline from amortized cost - total | 6.47% | 6.79% |
Loans Receivable and ACL-Loans - Schedule of Loan Portfolio (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|---|
| Loans and Leases Receivable Disclosure | |||
| Total loans | $ 2,840,072 | $ 2,705,888 | |
| ACL-Loans | (30,705) | (29,007) | $ (27,946) |
| Deferred loan origination fees, net | (4,926) | (3,922) | |
| Loans receivable, net | 2,804,441 | 2,672,959 | |
| Real estate loans: | |||
| Loans and Leases Receivable Disclosure | |||
| Total loans | 2,117,896 | 2,115,455 | |
| Residential | |||
| Loans and Leases Receivable Disclosure | |||
| Total loans | 33,139 | 42,766 | |
| ACL-Loans | (55) | (94) | (149) |
| Commercial | |||
| Loans and Leases Receivable Disclosure | |||
| Total loans | 1,930,979 | 1,899,134 | |
| ACL-Loans | (20,255) | (21,838) | (20,950) |
| Construction | |||
| Loans and Leases Receivable Disclosure | |||
| Total loans | 153,778 | 173,555 | |
| ACL-Loans | (2,251) | (2,059) | (1,699) |
| Commercial business | |||
| Loans and Leases Receivable Disclosure | |||
| Total loans | 645,321 | 515,125 | |
| ACL-Loans | (6,635) | (4,070) | (4,562) |
| Consumer | |||
| Loans and Leases Receivable Disclosure | |||
| Total loans | 76,855 | 75,308 | |
| ACL-Loans | $ (1,509) | $ (946) | $ (586) |
Loans Receivable and ACL-Loans - Narratives (Details) |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
loan
|
Dec. 31, 2024
USD ($)
loan
|
|
| Loans and Leases Receivable Disclosure | ||
| Percentage of market value of the collateral (as a percent) | 80.00% | |
| Maximum percentage of market value of the collateral (as a percent) | 85.00% | |
| Maximum percent of the loan in comparison with original appraised value of the property (as a percent) | 80.00% | |
| Income contractually due but not recognized on originated nonaccrual loans | $ 1,700,000 | $ 1,900,000 |
| Interest and fees on loans | 180,670,000 | 172,832,000 |
| Non-accrual loans with no allowance for loans losses | $ 16,300,000 | $ 53,300,000 |
| Loan modifications | loan | 1 | 1 |
| Recorded investment in TDR | $ 300,000 | $ 4,000,000.0 |
| Number of nonaccrual loans modified | loan | 0 | 1 |
| Loans modified, re-defaulted | loan | 0 | 0 |
| 90 Days or Greater Past Due | ||
| Loans and Leases Receivable Disclosure | ||
| Number of loans | loan | 0 | 0 |
| Nonperforming Financial Instruments | ||
| Loans and Leases Receivable Disclosure | ||
| Interest and fees on loans | $ 0 | $ 0 |
Loans Receivable and ACL-Loans - Schedule of ACL-Loan and Related Portfolio Segment (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Allowance for Loan and Lease Losses | ||
| Beginning balance | $ 29,007 | $ 27,946 |
| Charge-offs | (180) | (23,016) |
| Recoveries | 570 | 1,287 |
| (Credits) provisions | 1,040 | 22,620 |
| Ending balance | 30,705 | 29,007 |
| (Credits) provisions | ||
| Allowance for Loan and Lease Losses | ||
| (Credits) provisions | 1,308 | 22,790 |
| Unfunded commitments | ||
| Allowance for Loan and Lease Losses | ||
| Beginning balance | 756 | 926 |
| (Credits) provisions | (268) | (170) |
| Ending balance | 488 | 756 |
| Residential Real Estate | ||
| Allowance for Loan and Lease Losses | ||
| Beginning balance | 94 | 149 |
| Charge-offs | 0 | (141) |
| Recoveries | 0 | 141 |
| Ending balance | 55 | 94 |
| Residential Real Estate | (Credits) provisions | ||
| Allowance for Loan and Lease Losses | ||
| (Credits) provisions | (39) | (55) |
| Commercial Real Estate | ||
| Allowance for Loan and Lease Losses | ||
| Beginning balance | 21,838 | 20,950 |
| Charge-offs | (67) | (13,111) |
| Recoveries | 279 | 1,126 |
| Ending balance | 20,255 | 21,838 |
| Commercial Real Estate | (Credits) provisions | ||
| Allowance for Loan and Lease Losses | ||
| (Credits) provisions | (1,795) | 12,873 |
| Construction | ||
| Allowance for Loan and Lease Losses | ||
| Beginning balance | 2,059 | 1,699 |
| Charge-offs | 0 | (1,771) |
| Recoveries | 0 | 0 |
| Ending balance | 2,251 | 2,059 |
| Construction | (Credits) provisions | ||
| Allowance for Loan and Lease Losses | ||
| (Credits) provisions | 192 | 2,131 |
| Commercial Business | ||
| Allowance for Loan and Lease Losses | ||
| Beginning balance | 4,070 | 4,562 |
| Charge-offs | (29) | (7,909) |
| Recoveries | 231 | (3) |
| Ending balance | 6,635 | 4,070 |
| Commercial Business | (Credits) provisions | ||
| Allowance for Loan and Lease Losses | ||
| (Credits) provisions | 2,363 | 7,420 |
| Consumer | ||
| Allowance for Loan and Lease Losses | ||
| Beginning balance | 946 | 586 |
| Charge-offs | (84) | (84) |
| Recoveries | 60 | 23 |
| Ending balance | 1,509 | 946 |
| Consumer | (Credits) provisions | ||
| Allowance for Loan and Lease Losses | ||
| (Credits) provisions | $ 587 | $ 421 |
Loans Receivable and ACL-Loans - Schedule of Origination and Risk Designation (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | $ 734,314 | $ 348,084 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 273,176 | 275,637 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 225,452 | 1,031,248 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 824,540 | 391,798 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 264,501 | 106,473 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 526,018 | 561,419 |
| Total loans | 2,848,001 | 2,714,659 |
| Net Charge Off | ||
| Charge off, year one | 103 | 28 |
| Charge off, year two | 0 | 0 |
| Charge off, year three | 0 | 7,664 |
| Charge off, year four | 0 | 823 |
| Charge off, year five | 67 | 8,184 |
| Charge off, year after year five | 10 | 6,317 |
| Current period charge-offs | 180 | 23,016 |
| Pass | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 734,020 | 347,951 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 251,818 | 256,271 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 225,415 | 957,203 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 738,343 | 343,880 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 254,681 | 100,985 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 514,241 | 552,919 |
| Total loans | 2,718,518 | 2,559,209 |
| Special Mention | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 19,022 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 7 | 46,740 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 78,822 | 31,741 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 2,074 | 2,368 |
| Total loans | 80,903 | 99,871 |
| Substandard | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 294 | 133 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 21,358 | 344 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 30 | 27,305 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 7,375 | 16,177 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 9,820 | 5,488 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 9,703 | 4,679 |
| Total loans | 48,580 | 54,126 |
| Doubtful | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 1,453 |
| Total loans | 0 | 1,453 |
| Residential Real Estate Loans | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 33,299 | 42,995 |
| Total loans | 33,299 | 42,995 |
| Net Charge Off | ||
| Charge off, year one | 0 | 0 |
| Charge off, year two | 0 | 0 |
| Charge off, year three | 0 | 0 |
| Charge off, year four | 0 | 0 |
| Charge off, year five | 0 | 0 |
| Charge off, year after year five | 0 | 141 |
| Current period charge-offs | 0 | 141 |
| Residential Real Estate Loans | Pass | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 30,252 | 39,560 |
| Total loans | 30,252 | 39,560 |
| Residential Real Estate Loans | Special Mention | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 281 | 366 |
| Total loans | 281 | 366 |
| Residential Real Estate Loans | Substandard | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 2,766 | 3,069 |
| Total loans | 2,766 | 3,069 |
| Residential Real Estate Loans | Doubtful | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | 0 | 0 |
| Commercial Real Estate Loans | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 391,466 | 162,303 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 118,831 | 119,558 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 104,421 | 750,726 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 634,018 | 279,986 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 222,306 | 100,765 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 466,647 | 491,889 |
| Total loans | 1,937,689 | 1,905,227 |
| Commercial Real Estate Loans | Pass | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 391,466 | 162,303 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 97,473 | 101,201 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 104,421 | 680,359 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 573,183 | 241,000 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 213,785 | 95,277 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 458,047 | 486,897 |
| Total loans | 1,838,375 | 1,767,037 |
| Commercial Real Estate Loans | Special Mention | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 18,357 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 43,286 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 53,776 | 29,792 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 1,666 | 1,982 |
| Total loans | 55,442 | 93,417 |
| Commercial Real Estate Loans | Substandard | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 21,358 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 27,081 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 7,059 | 9,194 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 8,521 | 5,488 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 6,934 | 1,610 |
| Total loans | 43,872 | 43,373 |
| Commercial Real Estate Loans | Doubtful | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 1,400 |
| Total loans | 0 | 1,400 |
| Commercial Real Estate charge-off | ||
| Net Charge Off | ||
| Charge off, year one | 0 | 0 |
| Charge off, year two | 0 | 0 |
| Charge off, year three | 0 | 0 |
| Charge off, year four | 0 | 522 |
| Charge off, year five | 67 | 8,184 |
| Charge off, year after year five | 0 | 4,405 |
| Current period charge-offs | 67 | 13,111 |
| Construction Loans | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 37,221 | 10,086 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 40,676 | 47,301 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 51,218 | 63,476 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 25,464 | 53,529 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | 154,579 | 174,392 |
| Net Charge Off | ||
| Charge off, year one | 0 | 0 |
| Charge off, year two | 0 | 0 |
| Charge off, year three | 0 | 0 |
| Charge off, year four | 0 | 0 |
| Charge off, year five | 0 | 0 |
| Charge off, year after year five | 0 | 1,771 |
| Current period charge-offs | 0 | 1,771 |
| Construction Loans | Pass | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 37,221 | 10,086 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 40,676 | 47,301 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 51,218 | 63,476 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 5,720 | 53,529 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | 134,835 | 174,392 |
| Construction Loans | Special Mention | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 19,744 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | 19,744 | 0 |
| Construction Loans | Substandard | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | 0 | 0 |
| Construction Loans | Doubtful | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | 0 | 0 |
| Commercial Business Loans | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 284,295 | 143,400 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 91,887 | 99,727 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 66,791 | 183,677 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 136,214 | 58,283 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 42,195 | 5,708 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 26,034 | 26,486 |
| Total loans | 647,416 | 517,281 |
| Net Charge Off | ||
| Charge off, year one | 29 | 0 |
| Charge off, year two | 0 | 0 |
| Charge off, year three | 0 | 7,664 |
| Charge off, year four | 0 | 245 |
| Charge off, year five | 0 | 0 |
| Charge off, year after year five | 0 | 0 |
| Current period charge-offs | 29 | 7,909 |
| Commercial Business Loans | Pass | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 284,001 | 143,267 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 91,887 | 98,718 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 66,754 | 179,999 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 130,596 | 49,351 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 40,896 | 5,708 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 25,904 | 26,413 |
| Total loans | 640,038 | 503,456 |
| Commercial Business Loans | Special Mention | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 665 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 7 | 3,454 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 5,302 | 1,949 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 127 | 20 |
| Total loans | 5,436 | 6,088 |
| Commercial Business Loans | Substandard | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 294 | 133 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 344 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 30 | 224 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 316 | 6,983 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 1,299 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 3 | 0 |
| Total loans | 1,942 | 7,684 |
| Commercial Business Loans | Doubtful | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 53 |
| Total loans | 0 | 53 |
| Consumer Loans | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 21,332 | 32,295 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 21,782 | 9,051 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 3,022 | 33,369 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 28,844 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 38 | 49 |
| Total loans | 75,018 | 74,764 |
| Net Charge Off | ||
| Charge off, year one | 74 | 28 |
| Charge off, year two | 0 | 0 |
| Charge off, year three | 0 | 0 |
| Charge off, year four | 0 | 56 |
| Charge off, year five | 0 | 0 |
| Charge off, year after year five | 10 | 0 |
| Current period charge-offs | 84 | 84 |
| Consumer Loans | Pass | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 21,332 | 32,295 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 21,782 | 9,051 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 3,022 | 33,369 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 28,844 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 38 | 49 |
| Total loans | 75,018 | 74,764 |
| Consumer Loans | Special Mention | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | 0 | 0 |
| Consumer Loans | Substandard | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | 0 | 0 |
| Consumer Loans | Doubtful | ||
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year | ||
| Financing receivable, excluding accrued interest, year one, originated, current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year | 0 | 0 |
| Financing receivable, excluding accrued interest, originated, more than five years before current fiscal year | 0 | 0 |
| Total loans | $ 0 | $ 0 |
Loans Receivable and ACL-Loans - Schedule of Portfolio Segment of Loans Evaluated for Credit Losses and Related ACL-Loan (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|---|
| Loans individually evaluated for credit loss: | |||
| Loans individually evaluated for credit loss, portfolio | $ 78,933 | $ 113,901 | |
| Loans collectively evaluated for credit loss, allowance | 0 | 0 | |
| Loans collectively evaluated for credit loss: | |||
| Loans collectively evaluated for credit loss, portfolio | 2,761,139 | 2,591,987 | |
| Loans collectively evaluated for credit loss, allowance | 30,705 | 29,007 | |
| Portfolio | 2,840,072 | 2,705,888 | |
| ACL-Loans | 30,705 | 29,007 | $ 27,946 |
| Residential Real Estate | |||
| Loans individually evaluated for credit loss: | |||
| Loans individually evaluated for credit loss, portfolio | 2,751 | 3,052 | |
| Loans collectively evaluated for credit loss, allowance | 0 | 0 | |
| Loans collectively evaluated for credit loss: | |||
| Loans collectively evaluated for credit loss, portfolio | 30,388 | 39,714 | |
| Loans collectively evaluated for credit loss, allowance | 55 | 94 | |
| Portfolio | 33,139 | 42,766 | |
| ACL-Loans | 55 | 94 | 149 |
| Commercial Real Estate | |||
| Loans individually evaluated for credit loss: | |||
| Loans individually evaluated for credit loss, portfolio | 35,767 | 44,814 | |
| Loans collectively evaluated for credit loss, allowance | 0 | 0 | |
| Loans collectively evaluated for credit loss: | |||
| Loans collectively evaluated for credit loss, portfolio | 1,895,212 | 1,854,320 | |
| Loans collectively evaluated for credit loss, allowance | 20,255 | 21,838 | |
| Portfolio | 1,930,979 | 1,899,134 | |
| ACL-Loans | 20,255 | 21,838 | 20,950 |
| Construction | |||
| Loans individually evaluated for credit loss: | |||
| Loans individually evaluated for credit loss, portfolio | 0 | 0 | |
| Loans collectively evaluated for credit loss, allowance | 0 | 0 | |
| Loans collectively evaluated for credit loss: | |||
| Loans collectively evaluated for credit loss, portfolio | 153,778 | 173,555 | |
| Loans collectively evaluated for credit loss, allowance | 2,251 | 2,059 | |
| Portfolio | 153,778 | 173,555 | |
| ACL-Loans | 2,251 | 2,059 | 1,699 |
| Commercial business | |||
| Loans individually evaluated for credit loss: | |||
| Loans individually evaluated for credit loss, portfolio | 1,595 | 7,672 | |
| Loans collectively evaluated for credit loss, allowance | 0 | 0 | |
| Loans collectively evaluated for credit loss: | |||
| Loans collectively evaluated for credit loss, portfolio | 643,726 | 507,453 | |
| Loans collectively evaluated for credit loss, allowance | 6,635 | 4,070 | |
| Portfolio | 645,321 | 515,125 | |
| ACL-Loans | 6,635 | 4,070 | 4,562 |
| Consumer | |||
| Loans individually evaluated for credit loss: | |||
| Loans individually evaluated for credit loss, portfolio | 38,820 | 58,363 | |
| Loans collectively evaluated for credit loss, allowance | 0 | 0 | |
| Loans collectively evaluated for credit loss: | |||
| Loans collectively evaluated for credit loss, portfolio | 38,035 | 16,945 | |
| Loans collectively evaluated for credit loss, allowance | 1,509 | 946 | |
| Portfolio | 76,855 | 75,308 | |
| ACL-Loans | $ 1,509 | $ 946 | $ 586 |
Loans Receivable and ACL-Loans - Schedule of Credit Risk Ratings by Loan Segment (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Financing Receivable, Recorded Investment | ||
| Total loans | $ 2,840,072 | $ 2,705,888 |
| Commercial Real Estate | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 1,930,979 | 1,899,134 |
| Construction | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 153,778 | 173,555 |
| Commercial business | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 645,321 | 515,125 |
| Residential Real Estate | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 33,139 | 42,766 |
| Consumer | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 76,855 | 75,308 |
| Commercial Credit Quality Indicators | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 2,730,078 | 2,587,814 |
| Commercial Credit Quality Indicators | Pass | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 2,604,214 | 2,442,469 |
| Commercial Credit Quality Indicators | Special mention | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 80,151 | 92,858 |
| Commercial Credit Quality Indicators | Substandard | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 45,713 | 51,032 |
| Commercial Credit Quality Indicators | Doubtful | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 1,455 |
| Commercial Credit Quality Indicators | Loss | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Commercial Credit Quality Indicators | Commercial Real Estate | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 1,930,979 | 1,899,134 |
| Commercial Credit Quality Indicators | Commercial Real Estate | Pass | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 1,832,061 | 1,767,482 |
| Commercial Credit Quality Indicators | Commercial Real Estate | Special mention | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 55,114 | 86,838 |
| Commercial Credit Quality Indicators | Commercial Real Estate | Substandard | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 43,804 | 43,413 |
| Commercial Credit Quality Indicators | Commercial Real Estate | Doubtful | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 1,401 |
| Commercial Credit Quality Indicators | Commercial Real Estate | Loss | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Commercial Credit Quality Indicators | Construction | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 153,778 | 173,555 |
| Commercial Credit Quality Indicators | Construction | Pass | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 134,141 | 173,555 |
| Commercial Credit Quality Indicators | Construction | Special mention | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 19,637 | 0 |
| Commercial Credit Quality Indicators | Construction | Substandard | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Commercial Credit Quality Indicators | Construction | Doubtful | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Commercial Credit Quality Indicators | Construction | Loss | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Commercial Credit Quality Indicators | Commercial business | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 645,321 | 515,125 |
| Commercial Credit Quality Indicators | Commercial business | Pass | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 638,012 | 501,432 |
| Commercial Credit Quality Indicators | Commercial business | Special mention | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 5,400 | 6,020 |
| Commercial Credit Quality Indicators | Commercial business | Substandard | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 1,909 | 7,619 |
| Commercial Credit Quality Indicators | Commercial business | Doubtful | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 54 |
| Commercial Credit Quality Indicators | Commercial business | Loss | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Residential and Consumer Credit Quality Indicators | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 109,994 | 118,074 |
| Residential and Consumer Credit Quality Indicators | Pass | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 106,965 | 114,667 |
| Residential and Consumer Credit Quality Indicators | Special mention | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 278 | 356 |
| Residential and Consumer Credit Quality Indicators | Substandard | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 2,751 | 3,051 |
| Residential and Consumer Credit Quality Indicators | Doubtful | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Residential and Consumer Credit Quality Indicators | Loss | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Residential and Consumer Credit Quality Indicators | Residential Real Estate | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 33,139 | 42,766 |
| Residential and Consumer Credit Quality Indicators | Residential Real Estate | Pass | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 30,110 | 39,359 |
| Residential and Consumer Credit Quality Indicators | Residential Real Estate | Special mention | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 278 | 356 |
| Residential and Consumer Credit Quality Indicators | Residential Real Estate | Substandard | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 2,751 | 3,051 |
| Residential and Consumer Credit Quality Indicators | Residential Real Estate | Doubtful | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Residential and Consumer Credit Quality Indicators | Residential Real Estate | Loss | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Residential and Consumer Credit Quality Indicators | Consumer | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 76,855 | 75,308 |
| Residential and Consumer Credit Quality Indicators | Consumer | Pass | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 76,855 | 75,308 |
| Residential and Consumer Credit Quality Indicators | Consumer | Special mention | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Residential and Consumer Credit Quality Indicators | Consumer | Substandard | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Residential and Consumer Credit Quality Indicators | Consumer | Doubtful | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | 0 | 0 |
| Residential and Consumer Credit Quality Indicators | Consumer | Loss | ||
| Financing Receivable, Recorded Investment | ||
| Total loans | $ 0 | $ 0 |
Loans Receivable and ACL-Loans - Schedule of Loan Portfolio Delinquencies by Portfolio Segment (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | $ 2,840,072 | $ 2,705,888 |
| Total Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 8,915 | 44,110 |
| 30–59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 1,724 | 493 |
| 60–89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 17 | 237 |
| 90 Days or Greater Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 7,174 | 43,380 |
| Current | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 2,831,157 | 2,661,778 |
| Residential Real Estate | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 33,139 | 42,766 |
| Residential Real Estate | Total Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 557 | 1,008 |
| Residential Real Estate | 30–59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 557 | 130 |
| Residential Real Estate | 60–89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 226 |
| Residential Real Estate | 90 Days or Greater Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 652 |
| Residential Real Estate | Current | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 32,582 | 41,758 |
| Commercial Real Estate | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 1,930,979 | 1,899,134 |
| Commercial Real Estate | Total Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 5,957 | 35,944 |
| Commercial Real Estate | 30–59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 56 | 359 |
| Commercial Real Estate | 60–89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 0 |
| Commercial Real Estate | 90 Days or Greater Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 5,901 | 35,585 |
| Commercial Real Estate | Current | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 1,925,022 | 1,863,190 |
| Construction | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 153,778 | 173,555 |
| Construction | Total Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 0 |
| Construction | 30–59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 0 |
| Construction | 60–89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 0 |
| Construction | 90 Days or Greater Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 0 |
| Construction | Current | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 153,778 | 173,555 |
| Commercial business | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 645,321 | 515,125 |
| Commercial business | Total Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 2,396 | 7,158 |
| Commercial business | 30–59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 1,106 | 4 |
| Commercial business | 60–89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 17 | 11 |
| Commercial business | 90 Days or Greater Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 1,273 | 7,143 |
| Commercial business | Current | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 642,925 | 507,967 |
| Consumer | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 76,855 | 75,308 |
| Consumer | Total Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 5 | 0 |
| Consumer | 30–59 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 5 | 0 |
| Consumer | 60–89 Days Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 0 |
| Consumer | 90 Days or Greater Past Due | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | 0 | 0 |
| Consumer | Current | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total loans | $ 76,850 | $ 75,308 |
Loans Receivable and ACL-Loans - Schedule of Nonaccrual Loans by Portfolio Segment (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Financing Receivable, Recorded Investment, Past Due | ||
| Total nonaccrual loans | $ 16,304 | $ 53,277 |
| Residential Real Estate | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total nonaccrual loans | 557 | 791 |
| Commercial Real Estate | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total nonaccrual loans | 14,445 | 44,814 |
| Commercial business | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total nonaccrual loans | 1,302 | 7,672 |
| Construction | ||
| Financing Receivable, Recorded Investment, Past Due | ||
| Total nonaccrual loans | $ 0 | $ 0 |
Loans Receivable and ACL-Loans - Schedule of Individually Evaluated Loans by Portfolio Segment (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Individually evaluated loans without a valuation allowance: | ||
| Carrying Amount | $ 78,933 | $ 113,901 |
| Unpaid Principal Balance | 89,670 | 126,413 |
| Average Carrying Amount | 78,436 | 106,599 |
| Interest Income Recognized | 3,505 | 3,995 |
| Individually evaluated loans with a valuation allowance: | ||
| Carrying Amount | 0 | 0 |
| Unpaid Principal Balance | 0 | 0 |
| Average Carrying Amount | 0 | 0 |
| Interest Income Recognized | 0 | 0 |
| Total individually evaluated loans | ||
| Carrying Amount | 78,933 | 113,901 |
| Unpaid Principal Balance | 89,670 | 126,413 |
| Associated ACL-Loans | 0 | 0 |
| Average Carrying Amount | 78,436 | 106,599 |
| Interest Income Recognized | 3,505 | 3,995 |
| Residential Real Estate | ||
| Individually evaluated loans without a valuation allowance: | ||
| Carrying Amount | 2,751 | 3,052 |
| Unpaid Principal Balance | 3,098 | 3,332 |
| Average Carrying Amount | 2,826 | 3,536 |
| Interest Income Recognized | 217 | 195 |
| Individually evaluated loans with a valuation allowance: | ||
| Carrying Amount | 0 | 0 |
| Unpaid Principal Balance | 0 | 0 |
| Average Carrying Amount | 0 | 0 |
| Interest Income Recognized | 0 | 0 |
| Total individually evaluated loans | ||
| Associated ACL-Loans | 0 | 0 |
| Commercial Real Estate | ||
| Individually evaluated loans without a valuation allowance: | ||
| Carrying Amount | 35,767 | 44,814 |
| Unpaid Principal Balance | 45,462 | 55,936 |
| Average Carrying Amount | 35,455 | 52,316 |
| Interest Income Recognized | 1,763 | 1,718 |
| Individually evaluated loans with a valuation allowance: | ||
| Carrying Amount | 0 | 0 |
| Unpaid Principal Balance | 0 | 0 |
| Average Carrying Amount | 0 | 0 |
| Interest Income Recognized | 0 | 0 |
| Total individually evaluated loans | ||
| Associated ACL-Loans | 0 | 0 |
| Construction | ||
| Individually evaluated loans without a valuation allowance: | ||
| Carrying Amount | 0 | 0 |
| Unpaid Principal Balance | 0 | 0 |
| Average Carrying Amount | 0 | 7,716 |
| Interest Income Recognized | 0 | 0 |
| Commercial business | ||
| Individually evaluated loans without a valuation allowance: | ||
| Carrying Amount | 1,595 | 7,672 |
| Unpaid Principal Balance | 2,290 | 8,782 |
| Average Carrying Amount | 3,235 | 14,179 |
| Interest Income Recognized | 236 | 793 |
| Individually evaluated loans with a valuation allowance: | ||
| Carrying Amount | 0 | 0 |
| Unpaid Principal Balance | 0 | 0 |
| Average Carrying Amount | 0 | 0 |
| Interest Income Recognized | 0 | 0 |
| Total individually evaluated loans | ||
| Associated ACL-Loans | 0 | 0 |
| Consumer | ||
| Individually evaluated loans without a valuation allowance: | ||
| Carrying Amount | 38,820 | 58,363 |
| Unpaid Principal Balance | 38,820 | 58,363 |
| Average Carrying Amount | 36,920 | 28,852 |
| Interest Income Recognized | $ 1,289 | $ 1,289 |
Loans Receivable and ACL-Loans - Schedule of Allowance for Credit Losses (ACL)-Unfunded Commitments (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| ACL-Loan and Lease Losses | ||
| Beginning balance | $ 29,007 | $ 27,946 |
| (Credit) for credit losses (unfunded commitments) | 1,040 | 22,620 |
| Ending balance | 30,705 | 29,007 |
| Unfunded commitments | ||
| ACL-Loan and Lease Losses | ||
| Beginning balance | 756 | 926 |
| (Credit) for credit losses (unfunded commitments) | (268) | (170) |
| Ending balance | $ 488 | $ 756 |
Loans Receivable and ACL-Loans - Schedule of Components of Provision for Credit Losses (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Financing Receivable, Allowance for Credit Loss [Line Items] | ||
| Provision for credit losses | $ 1,040 | $ 22,620 |
| (Credits) provisions | ||
| Financing Receivable, Allowance for Credit Loss [Line Items] | ||
| Provision for credit losses | 1,308 | 22,790 |
| Unfunded commitments | ||
| Financing Receivable, Allowance for Credit Loss [Line Items] | ||
| Provision for credit losses | $ (268) | $ (170) |
Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Property, Plant and Equipment | ||
| Right-of-use asset | $ 9,975 | $ 11,071 |
| Premises and equipment, gross | 32,622 | 34,386 |
| Accumulated depreciation and amortization | (11,040) | (10,530) |
| Premises and equipment, net | 21,582 | 23,856 |
| Land | ||
| Property, Plant and Equipment | ||
| Premises and equipment, gross | 850 | 850 |
| Building | ||
| Property, Plant and Equipment | ||
| Premises and equipment, gross | 5,067 | 5,057 |
| Leasehold improvements | ||
| Property, Plant and Equipment | ||
| Premises and equipment, gross | 7,021 | 6,692 |
| Furniture and fixtures | ||
| Property, Plant and Equipment | ||
| Premises and equipment, gross | 3,002 | 2,935 |
| Equipment and software | ||
| Property, Plant and Equipment | ||
| Premises and equipment, gross | $ 6,707 | $ 7,781 |
Premises and Equipment - Narratives (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Property, Plant and Equipment | ||
| Depreciation and amortization expense | $ 4,084 | $ 3,775 |
| Amortization of right of use assets | 1,800 | 1,600 |
| Premise Equipment | ||
| Property, Plant and Equipment | ||
| Depreciation and amortization expense | $ 2,300 | $ 2,200 |
Leases - Narratives (Details) $ in Thousands |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
contract
|
Dec. 31, 2024
USD ($)
|
|
| Lessee, Lease, Description | ||
| Lessee, operating lease, number of contracts | contract | 9 | |
| Operating lease cost | $ 2,300 | $ 2,200 |
| Variable lease, cost | $ 300 | $ 200 |
| Operating Lease, Right-of-Use Asset, Statement of Financial Position | Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization | |
| Right of use asset | $ 10,000 | |
| Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Accrued Liabilities and Other Liabilities | Accrued Liabilities and Other Liabilities |
| Lease liability | $ 10,952 | $ 12,000 |
| Headquarter Building | ||
| Lessee, Lease, Description | ||
| Weighted average discount rate (percent) | 4.50% | |
| Building | ||
| Lessee, Lease, Description | ||
| Weighted average remaining lease term | 4 years 6 months | |
| Weighted average discount rate (percent) | 5.20% | |
Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Lessee, Operating Lease, Liability, Payment, Due | ||
| 2026 | $ 2,546 | |
| 2027 | 2,518 | |
| 2028 | 2,318 | |
| 2029 | 2,101 | |
| 2030 | 1,790 | |
| Thereafter | 1,329 | |
| Total Undiscounted cash flows | 12,602 | |
| Discount effect of cash flows | (1,650) | |
| Lease liability | $ 10,952 | $ 12,000 |
Other Assets - Summary of Components of Other Assets (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|---|
| Other Assets [Abstract] | |||
| Deferred compensation | $ 4,996 | $ 3,087 | |
| Servicing assets, net of valuation allowance | 1,035 | 558 | $ 869 |
| Derivative assets (reference Footnote 18) | 4,970 | 7,472 | |
| Other | 15,290 | 13,310 | |
| Total other assets | $ 26,291 | $ 24,427 |
Other Assets - Narratives (Details) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
|
| Servicing Assets at Fair Value | |||
| Increase in deferred compensation | $ 1,900 | ||
| Loans serviced for others | 140,500 | $ 186,900 | |
| Servicing assets, net of valuation allowance | $ 1,035 | $ 558 | $ 869 |
| Minimum | |||
| Servicing Assets at Fair Value | |||
| Servicing asset, measurement input (as a percent) | 0.03 | ||
| Maximum | |||
| Servicing Assets at Fair Value | |||
| Servicing asset, measurement input (as a percent) | 0.18 | ||
| Discount rate | Minimum | |||
| Servicing Assets at Fair Value | |||
| Servicing asset, measurement input (as a percent) | 0.10 | 0.10 | |
| Prepayment rate | Minimum | |||
| Servicing Assets at Fair Value | |||
| Servicing asset, measurement input (as a percent) | 0.03 | ||
| Prepayment rate | Maximum | |||
| Servicing Assets at Fair Value | |||
| Servicing asset, measurement input (as a percent) | 0.18 |
Other Assets - Servicing Assets Rollforward (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Loan servicing rights: | ||
| Balance at beginning of year | $ 558 | $ 869 |
| Servicing rights capitalized | 996 | 89 |
| Servicing rights amortized or disposed | (369) | (481) |
| Change in valuation allowance | (150) | 81 |
| Balance at end of year | $ 1,035 | $ 558 |
Deposits - Schedule of Deposit Liabilities (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Deposits [Abstract] | ||
| Noninterest bearing demand deposit accounts | $ 403,652 | $ 321,875 |
| Interest bearing accounts: | ||
| NOW | 90,205 | 105,090 |
| Money market | 1,007,844 | 899,413 |
| Savings | 97,418 | 90,220 |
| Time certificates of deposit | 1,230,362 | 1,370,972 |
| Total interest bearing accounts | 2,425,829 | 2,465,695 |
| Total deposits | $ 2,829,481 | $ 2,787,570 |
Deposits - Schedule of Time Deposits Maturity Schedule (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Deposits [Abstract] | ||
| Year one | $ 1,224,995 | $ 1,348,808 |
| Year two | 4,271 | 4,887 |
| Year three | 1,038 | 1,030 |
| Year four | 33 | 6,222 |
| Year five | 25 | 32 |
| Year six and thereafter | 9,993 | |
| Total | $ 1,230,362 | $ 1,370,972 |
Deposits- Narratives (Details) - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Deposits [Abstract] | ||
| Certificate of deposits above $250,000 | $ 245.0 | $ 232.6 |
| Brokerage certificate of deposits | 505.0 | 651.5 |
| Brokered money market accounts | 53.7 | 53.5 |
| Certificate of deposits | $ 42.3 | $ 109.1 |
Deposits - Schedule of Interest Expense on Deposits (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Deposits [Abstract] | ||
| NOW | $ 374 | $ 175 |
| Money market | 34,149 | 34,767 |
| Savings | 2,728 | 2,785 |
| Time certificates of deposit | 55,577 | 63,531 |
| Total interest expense on deposits | $ 92,828 | $ 101,258 |
Federal Home Loan Bank Advances and Other Borrowings - Schedule of FHLB Advances With Maturity Dates and Weighted Average Rates (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Year of Maturity: Amount Due | ||
| 2025 | $ 0 | $ 90,000 |
| 2026 | 110,000 | 0 |
| Total advances Amount Due | $ 110,000 | $ 90,000 |
| Year of Maturity: Weighted Average Rate | ||
| 2025 | 0.00% | 3.91% |
| 2026 | 4.42% | 0.00% |
| Total advances Weighted Average Rate | 4.42% | 3.91% |
Federal Home Loan Bank Advances and Other Borrowings - Narratives (Details) - FHLB - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Federal Home Loan Bank, Advance, Branch of FHLBank | ||
| Interest expense on FHLB advances | $ 3.1 | $ 3.6 |
| Loans pledge as collateral for borrowing at FHLB of Boston | 847.6 | |
| FHLB advances, immediate availability to borrow | $ 426.0 | |
| Number of FHLB shares owned (shares) | 62,067 | 56,545 |
| Par value of shares owned (usd per share) | $ 100 | |
Federal Home Loan Bank Advances and Other Borrowings - Line of Credit (Details) |
Dec. 31, 2025
USD ($)
|
|---|---|
| Compliance with Regulatory Capital Requirements under Banking Regulations | |
| Total Letter or Line of Credit | $ 1,412,298,000 |
| Total Outstanding | 180,605,000 |
| Secured Line Of Credit | FRBNY | |
| Compliance with Regulatory Capital Requirements under Banking Regulations | |
| Total Letter or Line of Credit | 710,719,000 |
| Total Outstanding | 0 |
| Secured Line Of Credit | FHLB | |
| Compliance with Regulatory Capital Requirements under Banking Regulations | |
| Total Letter or Line of Credit | 606,579,000 |
| Total Outstanding | 180,605,000 |
| Unsecured Line Of Credit | Zions Bank | |
| Compliance with Regulatory Capital Requirements under Banking Regulations | |
| Total Letter or Line of Credit | 45,000,000 |
| Total Outstanding | 0 |
| Unsecured Line Of Credit | PCBB | |
| Compliance with Regulatory Capital Requirements under Banking Regulations | |
| Total Letter or Line of Credit | 38,000,000 |
| Total Outstanding | 0 |
| Unsecured Line Of Credit | ACBB | |
| Compliance with Regulatory Capital Requirements under Banking Regulations | |
| Total Letter or Line of Credit | 12,000,000 |
| Total Outstanding | $ 0 |
Subordinated Debentures (Details) - USD ($) |
12 Months Ended | |||
|---|---|---|---|---|
Aug. 19, 2022 |
Oct. 14, 2021 |
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Debt Instrument | ||||
| Amortization of debt issuance costs | $ 246,000 | $ 246,000 | ||
| Subordinated Debentures | ||||
| Debt Instrument | ||||
| Aggregate principal amount | 70,000,000 | 70,000,000 | ||
| Unamortized debt issuance costs | 303,000 | 549,000 | ||
| Amortization of debt issuance costs | 200,000 | 200,000 | ||
| Interest expense on debt | $ 3,200,000 | $ 3,200,000 | ||
| 3.25% Subordinated Note Due 2031 | Subordinated Debentures | ||||
| Debt Instrument | ||||
| Aggregate principal amount | $ 35,000,000.0 | |||
| Interest rate (percent) | 3.25% | |||
| Variable rate (basis points) | 2.33% | |||
| Debt instrument, non-callable period | 5 years | |||
| 6.0% Subordinated Note Due 2032 | Subordinated Debentures | ||||
| Debt Instrument | ||||
| Aggregate principal amount | $ 35,000,000.0 | |||
| Interest rate (percent) | 6.00% | |||
| Variable rate (basis points) | 3.26% | |||
| Debt instrument, non-callable period | 5 years | |||
Commitments and Contingencies - Narratives (Details) $ in Thousands |
Dec. 31, 2025
USD ($)
contract
company
|
|---|---|
| Other Commitments | |
| Lessee, operating lease, number of contracts | contract | 9 |
| Reserve for unfunded commitments | $ 487 |
| Capital Commitment | Small Business Investment Companies | |
| Other Commitments | |
| Remaining capital commitment | $ 5,000 |
| Number of small business investment companies (business) | company | 3 |
| Capital Commitment | Private Equity Investment Company | |
| Other Commitments | |
| Remaining capital commitment | $ 3,600 |
| Private equity investment company number (business) | company | 3 |
Commitments and Contingencies - Commitments to Extend Credit (Details) $ in Thousands |
Dec. 31, 2025
USD ($)
|
|---|---|
| Fair Value, Off-balance Sheet Risks, Disclosure Information | |
| Outstanding commitments | $ 520,629 |
| Loan pipeline | |
| Fair Value, Off-balance Sheet Risks, Disclosure Information | |
| Outstanding commitments | 294,781 |
| Loan commitments | |
| Fair Value, Off-balance Sheet Risks, Disclosure Information | |
| Outstanding commitments | 197,415 |
| Undisbursed construction loans | |
| Fair Value, Off-balance Sheet Risks, Disclosure Information | |
| Outstanding commitments | 26,244 |
| Unused home equity lines of credit | |
| Fair Value, Off-balance Sheet Risks, Disclosure Information | |
| Outstanding commitments | $ 2,189 |
Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Current provision: | ||
| Federal | $ 10,387 | $ 2,640 |
| State | 4,731 | 1,388 |
| Total current | 15,118 | 4,028 |
| Deferred (credit) provision: | ||
| Federal | (1,531) | (285) |
| State | (290) | (184) |
| Total deferred (credit) provision | (1,821) | (469) |
| Total income tax expense | $ 13,297 | $ 3,559 |
Income Taxes - Schedule of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Amount | ||
| Income tax expense at statutory federal rate | $ 10,191 | $ 2,799 |
| State tax expense, net of federal income tax benefit | 2,561 | 1,205 |
| Other, net | (587) | (428) |
| Changes in unrecognized tax benefits | 947 | |
| Other adjustments | 185 | (17) |
| Total income tax expense | $ 13,297 | $ 3,559 |
| Percent | ||
| Income tax expense at statutory federal rate (as a percent) | 21.00% | |
| State tax expense, net of federal income tax benefit (as a percent) | 5.30% | |
| Other, net (as a percent) | (1.20%) | |
| Changes in unrecognized tax benefits (as a percent) | 2.00% | |
| Other adjustments (as a percent) | 0.40% | |
| Income tax expense | 27.40% | |
Income Taxes - Schedule of Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Deferred tax assets: | ||
| ACL-Loans | $ 7,370 | $ 7,406 |
| Net operating loss carryforwards | 259 | 296 |
| Deferred fees | 2,329 | 2,055 |
| Deferred director fees | 553 | 495 |
| Unrealized loss on available for sale securities | 557 | 1,185 |
| Lease liabilities | 2,628 | 2,998 |
| Other | 2,422 | 1,255 |
| Gross deferred tax assets | 16,118 | 15,690 |
| Deferred tax liabilities: | ||
| Deferred expenses | 1,119 | 1,079 |
| Servicing rights | 248 | 139 |
| Depreciation | 623 | 1,079 |
| Unrealized gain on derivatives | 378 | 799 |
| Right-of-use-assets | 2,394 | 2,755 |
| Other | 0 | 97 |
| Gross deferred tax liabilities | 4,762 | 5,948 |
| Net deferred tax assets | $ 11,356 | $ 9,742 |
Income Taxes - Narratives (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Operating Loss Carryforwards | ||
| Uncertain tax positions | $ 1,700 | $ 1,600 |
| Federal | ||
| Operating Loss Carryforwards | ||
| Operating loss carryovers | 1,200 | |
| Operating loss carryforward annual limitations | $ 176 |
Income Taxes - Schedule of Reflects a Reconciliation of the Beginning and Ending Balances (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Unrecognized Tax Benefits | ||
| Balance, beginning of year | $ 1,645 | $ 1,045 |
| Additions relating to potential liability with taxing authorities | 1,296 | 600 |
| (Reductions) relating to potential liability with taxing authorities | (1,256) | 0 |
| Balance, end of year | $ 1,685 | $ 1,645 |
401(K) Profit Sharing Plan (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Retirement Benefits [Abstract] | ||
| Profit sharing plan age of covered employee (in years) | 21 years | |
| Vesting period for employer under defined contribution plan (in years) | 5 years | |
| Profit sharing plan contribution amount | $ 278 | $ 338 |
Earnings Per Share ("EPS") - Schedule of Reconciliation of Earnings Available to Common Stockholders and Basic Weighted Average Common Shares Outstanding to Diluted Weighted Average Common Shares Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Earnings Per Share [Abstract] | ||
| Net income | $ 35,198 | $ 9,770 |
| Dividends to participating securities | 106 | (156) |
| Undistributed earnings allocated to participating securities | (514) | (87) |
| Net income for earnings per share calculation, Basic | 34,790 | 9,527 |
| Net income for earnings per share calculation, Diluted | $ 34,790 | $ 9,527 |
| Weighted average shares outstanding, basic (in shares) | 7,750,191 | 7,710,076 |
| Effect of dilutive equity-based awards (in shares) | 76,000 | 28,000 |
| Weighted average shares outstanding, diluted (in shares) | 7,826,280 | 7,737,952 |
| Net earnings per common share: | ||
| Basic earnings per common share (in dollars per share) | $ 4.49 | $ 1.24 |
| Diluted earnings per common share (in dollars per share) | $ 4.45 | $ 1.23 |
Stock Based Compensation - Narratives (Details) $ in Millions |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
plan
shares
|
Dec. 31, 2024
USD ($)
shares
|
|
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Number of equity award plans | plan | 2 | |
| Restricted Stock | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Total fair value of restricted stock awards vested | $ | $ 3.3 | |
| Share based compensation expenses | $ | 2.3 | $ 3.0 |
| Unrecognized stock compensation expense for restricted stock | $ | $ 4.0 | |
| Weighted average period for recognition of compensation expense for restricted stock (in years) | 2 years 4 months 24 days | |
| Unvested shares (in shares) | 206,822 | 223,875 |
| Restricted Stock | Minimum | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Share based payment award, vesting period (in years) | 1 year | |
| Restricted Stock | Maximum | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Share based payment award, vesting period (in years) | 5 years | |
| Performance based restricted stock | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Unvested shares (in shares) | 35,186 | |
| Performance based restricted stock | Minimum | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Percentage of grant as share quantity for which performance metric is met (as a percent) | 0.00% | |
| Performance based restricted stock | Maximum | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Percentage of grant as share quantity for which performance metric is met (as a percent) | 200.00% | |
| 2012 Plan | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Number of common stock reserved for issuance ( in shares) | 274,300 | |
| 2012 Plan | Performance based restricted stock | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Unvested shares (in shares) | 74,921 | |
| 2012 Plan | Performance based restricted stock | Minimum | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Share based payment award, vesting period (in years) | 1 year | |
| 2012 Plan | Performance based restricted stock | Maximum | ||
| Share-based Compensation Arrangement by Share-based Payment Award | ||
| Share based payment award, vesting period (in years) | 3 years | |
Stock Based Compensation - Schedule of Activity for Restricted Stock (Details) |
12 Months Ended |
|---|---|
|
Dec. 31, 2025
$ / shares
shares
| |
| Restricted Stock | |
| Number of Shares | |
| Unvested at beginning of period, (in shares) | 223,875 |
| Granted,(in shares) | 101,449 |
| Vested (in shares) | (101,673) |
| Forfeited (in shares) | (16,829) |
| Unvested at end of period, (in shares) | 206,822 |
| Weighted Average Grant Date Fair Value | |
| Unvested at beginning of period (in dollars per share) | $ / shares | $ 28.50 |
| Granted (in dollars per share) | $ / shares | 35.38 |
| Vested (in dollars per share) | $ / shares | 32.62 |
| Forfeited (in dollars per share) | $ / shares | $ 33.14 |
| Performance based restricted stock | |
| Number of Shares | |
| Granted,(in shares) | 56,771 |
| Vested (in shares) | (4,136) |
| Unvested at end of period, (in shares) | 35,186 |
Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Accumulated Other Comprehensive Income Loss | ||
| Beginning balance | $ 270,520 | $ 265,752 |
| Other comprehensive income (loss) before reclassifications, net of tax | 1,780 | 3,700 |
| Amounts reclassified from accumulated other comprehensive income, net of tax | (752) | (3,280) |
| Total other comprehensive income, net of tax | 1,028 | 420 |
| Ending balance | 301,489 | 270,520 |
| Total | ||
| Accumulated Other Comprehensive Income Loss | ||
| Beginning balance | (1,244) | (1,664) |
| Total other comprehensive income, net of tax | 1,028 | 420 |
| Ending balance | (216) | (1,244) |
| Net Unrealized Gain (Loss) on Available for Sale Securities | ||
| Accumulated Other Comprehensive Income Loss | ||
| Beginning balance | (3,832) | (5,810) |
| Other comprehensive income (loss) before reclassifications, net of tax | 2,058 | 1,978 |
| Amounts reclassified from accumulated other comprehensive income, net of tax | 0 | 0 |
| Total other comprehensive income, net of tax | 2,058 | 1,978 |
| Ending balance | (1,774) | (3,832) |
| Net Unrealized Gain (Loss) on Interest Rate Swaps | ||
| Accumulated Other Comprehensive Income Loss | ||
| Beginning balance | 2,588 | 4,146 |
| Other comprehensive income (loss) before reclassifications, net of tax | (278) | 1,722 |
| Amounts reclassified from accumulated other comprehensive income, net of tax | (752) | (3,280) |
| Total other comprehensive income, net of tax | (1,030) | (1,558) |
| Ending balance | $ 1,558 | $ 2,588 |
Comprehensive Income - Schedule of Reclassified from Accumulated Other Comprehensive Income or Loss (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Derivatives: | ||
| Unrealized gains on derivatives | $ (6,564) | $ (7,454) |
| Tax expense | (13,297) | (3,559) |
| Net of tax | 35,198 | 9,770 |
| Net Unrealized Gain (Loss) on Interest Rate Swaps | Amount Reclassified from Accumulated Other Comprehensive Income | ||
| Derivatives: | ||
| Unrealized gains on derivatives | 985 | 4,295 |
| Tax expense | (233) | (1,015) |
| Net of tax | $ 752 | $ 3,280 |
Derivative Instruments - Narratives (Details) $ in Millions |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
instrument
|
Dec. 31, 2024
USD ($)
|
|
| Derivative | ||
| Rolling period of federal home loan bank advances converted to fixed rates | 90 days | |
| Amount of cash flow hedge gain expected to be reclassified to interest expense in the next 12 months | $ 0.2 | |
| Interest rate swap | ||
| Derivative | ||
| Derivative instruments held (instruments) | instrument | 1 | |
| Notional amount | $ 25.0 | |
| Accrued interest excluded from derivative fair value | 0.1 | $ 0.6 |
| Accrued interest included in derivative fair value | 1.9 | $ 3.7 |
| Interest rate swap | Fair Value Hedging | ||
| Derivative | ||
| Notional amount | $ 150.0 | |
| Number of interest rate derivatives held | instrument | 1 |
Derivative Instruments - Schedule of Fixed Rate Asset (Details) - Cash flow swaps - Fair Value Hedging - Carrying Value - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Derivative | ||
| Carrying Value of Hedged Asset | $ 150,142 | $ 150,250 |
| Hedged Items | (108) | $ (665) |
| Amortized cost basis | 470,600 | |
| Hedged asset, cumulative adjustment basis | 200 | |
| Fair value hedge assets | $ 150,000 |
Derivative Instruments - Schedule of Information About Derivative Instruments (Details) - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Derivative Instruments and Hedging Activities Disclosures | ||
| Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
| Derivative Liability, Statement of Financial Position [Extensible Enumeration] | Accrued Liabilities and Other Liabilities | Accrued Liabilities and Other Liabilities |
| Interest rate swap | ||
| Derivative Instruments and Hedging Activities Disclosures | ||
| Original Notional Amount | $ 25,000,000 | |
| Fair Value Hedging | Interest rate swap | ||
| Derivative Instruments and Hedging Activities Disclosures | ||
| Original Notional Amount | 150,000,000 | |
| Derivatives designated as hedging instruments: | Other assets | Fair Value Hedging | Interest rate swap | ||
| Derivative Instruments and Hedging Activities Disclosures | ||
| Original Notional Amount | 25,000,000 | $ 75,000,000 |
| Derivative asset fair value | 1,925,000 | 3,259,000 |
| Derivatives designated as hedging instruments: | Other assets | Fair Value Hedging | Fair Value Swap | ||
| Derivative Instruments and Hedging Activities Disclosures | ||
| Original Notional Amount | 0 | 0 |
| Derivatives designated as hedging instruments: | Accrued expenses and other liabilities | Fair Value Hedging | Fair Value Swap | ||
| Derivative Instruments and Hedging Activities Disclosures | ||
| Original Notional Amount | 150,000,000 | 150,000,000 |
| Derivative liability fair value | 156,000 | 259,000 |
| Derivatives not designated as hedging instruments: | Other assets | Interest rate swap | ||
| Derivative Instruments and Hedging Activities Disclosures | ||
| Original Notional Amount | 38,500,000 | 38,500,000 |
| Derivative asset fair value | 3,045,000 | 4,213,000 |
| Derivatives not designated as hedging instruments: | Accrued expenses and other liabilities | Interest rate swap | ||
| Derivative Instruments and Hedging Activities Disclosures | ||
| Original Notional Amount | 38,500,000 | 38,500,000 |
| Derivative liability fair value | $ 3,045,000 | $ 4,213,000 |
Derivative Instruments - Schedule of Changes in Consolidated Statements of Comprehensive Income Related to Interest Rate Derivatives (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Interest rate swaps designated as cash flow hedges: | ||
| Unrealized income recognized in accumulated other comprehensive income before reclassifications | $ (363) | $ 2,300 |
| Amounts reclassified from accumulated other comprehensive (loss) income | (985) | (4,295) |
| Income tax benefit (expense) on items recognized in accumulated other comprehensive income (loss) | 318 | 437 |
| Unrealized (losses) on interest rate swaps, net of tax | $ (1,030) | $ (1,558) |
Derivative Instruments - Schedule of Fair Value Hedging Relationship Recognized in the Consolidated Statement of Income (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Gain (loss) on fair value hedging relationship: | ||
| Hedged asset | $ (108) | $ (665) |
| Fair value derivative designated as hedging instrument | 151 | 2,084 |
| Total gain recognized in the consolidated statements of income within interest and fees on loans | $ 43 | $ 1,419 |
Derivative Instruments - Schedule of Gross Net Information About Derivatives (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Derivative Assets | ||
| Gross Amounts of Recognized Assets | $ 5,034 | $ 8,040 |
| Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
| Net Amounts of Assets presented in the Statement of Financial Position | 5,034 | 8,040 |
| Financial Instruments | 202 | 234 |
| Cash Collateral Received | 4,832 | 7,806 |
| Net Amount | 0 | 0 |
| Accrued interest receivable included In fair value of derivative assets | 65 | 568 |
| Derivative Liabilities | ||
| Gross Amounts of Recognized Liabilities | 3,285 | 4,502 |
| Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
| Net Amounts of Liabilities presented in the Statement of Financial Position | 3,285 | 4,502 |
| Financial Instruments | 202 | 233 |
| Cash Collateral Posted | 0 | 0 |
| Net Amount | 3,083 | 4,269 |
| Accrued interest payable included in fair value of derivative liabilities | $ 38 | |
| Accrued interest receivable included In fair value of derivative liabilities | $ 30 |
Fair Value of Financial Instruments - Schedule of Carrying Values and Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|---|
| Financial assets: | |||
| Federal funds sold | $ 10,354 | $ 13,972 | |
| Marketable equity securities | 2,248 | 2,118 | |
| Available for sale securities | 160,409 | 107,428 | |
| Held to maturity securities | 29,465 | 36,553 | |
| Servicing assets, net of valuation allowance | 1,035 | 558 | $ 869 |
| Derivative assets | 5,034 | 8,040 | |
| Other real estate owned | 0 | 8,299 | |
| Financial liabilities: | |||
| Derivative liabilities | 3,285 | 4,502 | |
| Level 1 | |||
| Financial assets: | |||
| Cash and due from banks | 214,567 | 293,552 | |
| Federal funds sold | 10,354 | 13,972 | |
| Marketable equity securities | 2,248 | 2,118 | |
| Available for sale securities | 74,668 | 63,557 | |
| Held to maturity securities | 0 | 0 | |
| Loans receivable, net | 0 | 0 | |
| Accrued interest receivable | 0 | 0 | |
| FHLB stock | 0 | 0 | |
| Servicing assets, net of valuation allowance | 0 | 0 | |
| Derivative assets | 0 | 0 | |
| Other real estate owned | 0 | 0 | |
| Financial liabilities: | |||
| Noninterest bearing deposits | 0 | 0 | |
| NOW and money market | 0 | 0 | |
| Savings | 0 | 0 | |
| Time deposits | 0 | 0 | |
| Accrued interest payable | 0 | 0 | |
| Advances from the FHLB | 0 | 0 | |
| Subordinated debentures | 0 | 0 | |
| Servicing liabilities | 0 | 0 | |
| Derivative liabilities | 0 | 0 | |
| Level 2 | |||
| Financial assets: | |||
| Cash and due from banks | 0 | 0 | |
| Federal funds sold | 0 | 0 | |
| Marketable equity securities | 0 | 0 | |
| Available for sale securities | 85,741 | 43,871 | |
| Held to maturity securities | 0 | 29 | |
| Loans receivable, net | 0 | 0 | |
| Accrued interest receivable | 16,143 | 14,535 | |
| FHLB stock | 6,207 | 5,655 | |
| Servicing assets, net of valuation allowance | 0 | 0 | |
| Derivative assets | 4,970 | 7,472 | |
| Other real estate owned | 0 | 0 | |
| Financial liabilities: | |||
| Noninterest bearing deposits | 403,652 | 321,875 | |
| NOW and money market | 1,098,049 | 1,004,503 | |
| Savings | 97,418 | 90,220 | |
| Time deposits | 0 | 0 | |
| Accrued interest payable | 9,019 | 13,737 | |
| Advances from the FHLB | 0 | 0 | |
| Subordinated debentures | 0 | 0 | |
| Servicing liabilities | 0 | 0 | |
| Derivative liabilities | 3,201 | 4,472 | |
| Level 3 | |||
| Financial assets: | |||
| Cash and due from banks | 0 | 0 | |
| Federal funds sold | 0 | 0 | |
| Marketable equity securities | 0 | 0 | |
| Available for sale securities | 0 | 0 | |
| Held to maturity securities | 31,045 | 36,662 | |
| Loans receivable, net | 2,811,784 | 2,637,922 | |
| Accrued interest receivable | 0 | 0 | |
| FHLB stock | 0 | 0 | |
| Servicing assets, net of valuation allowance | 1,035 | 558 | |
| Derivative assets | 0 | 0 | |
| Other real estate owned | 0 | 8,299 | |
| Financial liabilities: | |||
| Noninterest bearing deposits | 0 | 0 | |
| NOW and money market | 0 | 0 | |
| Savings | 0 | 0 | |
| Time deposits | 1,232,581 | 1,374,309 | |
| Accrued interest payable | 0 | 0 | |
| Advances from the FHLB | 110,008 | 90,045 | |
| Subordinated debentures | 70,075 | 66,167 | |
| Servicing liabilities | 0 | 0 | |
| Derivative liabilities | 0 | 0 | |
| Carrying Value | |||
| Financial assets: | |||
| Cash and due from banks | 214,567 | 293,552 | |
| Federal funds sold | 10,354 | 13,972 | |
| Marketable equity securities | 2,248 | 2,118 | |
| Available for sale securities | 160,409 | 107,428 | |
| Held to maturity securities | 29,465 | 36,553 | |
| Loans receivable, net | 2,804,441 | 2,672,959 | |
| Accrued interest receivable | 16,143 | 14,535 | |
| FHLB stock | 6,207 | 5,655 | |
| Servicing assets, net of valuation allowance | 1,035 | 558 | |
| Derivative assets | 4,970 | 7,472 | |
| Other real estate owned | 0 | 8,299 | |
| Financial liabilities: | |||
| Noninterest bearing deposits | 403,652 | 321,875 | |
| NOW and money market | 1,098,049 | 1,004,503 | |
| Savings | 97,418 | 90,220 | |
| Time deposits | 1,230,362 | 1,370,972 | |
| Accrued interest payable | 9,019 | 13,737 | |
| Advances from the FHLB | 110,000 | 90,000 | |
| Subordinated debentures | 69,697 | 69,451 | |
| Servicing liabilities | 0 | 0 | |
| Derivative liabilities | 3,201 | 4,472 | |
| Fair Value | |||
| Financial assets: | |||
| Cash and due from banks | 214,567 | 293,552 | |
| Federal funds sold | 10,354 | 13,972 | |
| Marketable equity securities | 2,248 | 2,118 | |
| Available for sale securities | 160,409 | 107,428 | |
| Held to maturity securities | 31,045 | 36,691 | |
| Loans receivable, net | 2,811,784 | 2,637,922 | |
| Accrued interest receivable | 16,143 | 14,535 | |
| FHLB stock | 6,207 | 5,655 | |
| Servicing assets, net of valuation allowance | 1,035 | 558 | |
| Derivative assets | 4,970 | 7,472 | |
| Other real estate owned | 0 | 8,299 | |
| Financial liabilities: | |||
| Noninterest bearing deposits | 403,652 | 321,875 | |
| NOW and money market | 1,098,049 | 1,004,503 | |
| Savings | 97,418 | 90,220 | |
| Time deposits | 1,232,581 | 1,374,309 | |
| Accrued interest payable | 9,019 | 13,737 | |
| Advances from the FHLB | 110,008 | 90,045 | |
| Subordinated debentures | 70,075 | 66,167 | |
| Servicing liabilities | 0 | 0 | |
| Derivative liabilities | $ 3,201 | $ 4,472 |
Fair Value of Financial Instruments - Narratives (Details) $ in Thousands |
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Fair value of other real estate | $ 0 | $ 8,299 |
| Fair Value | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Fair value of other real estate | $ 0 | $ 8,299 |
| Discount rate | Minimum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Debt securities, measurement input | 0.041 | 0.053 |
| Discount rate | Maximum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Debt securities, measurement input | 0.064 | 0.072 |
Fair Value Measurements - Schedule of Financial Instruments Carried at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Marketable equity securities | $ 2,248 | $ 2,118 |
| Available for sale securities | 160,409 | 107,428 |
| Derivative assets | 5,034 | 8,040 |
| Derivative liabilities | 3,285 | 4,502 |
| U.S. Government and agency obligations | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Available for sale securities | 149,924 | 91,582 |
| Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Marketable equity securities | 2,248 | 2,118 |
| Available for sale securities | 74,668 | 63,557 |
| Derivative assets | 0 | 0 |
| Derivative liabilities | 0 | 0 |
| Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Marketable equity securities | 0 | 0 |
| Available for sale securities | 85,741 | 43,871 |
| Derivative assets | 4,970 | 7,472 |
| Derivative liabilities | 3,201 | 4,472 |
| Level 3 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Marketable equity securities | 0 | 0 |
| Available for sale securities | 0 | 0 |
| Derivative assets | 0 | 0 |
| Derivative liabilities | 0 | 0 |
| Fair Value Measurements Recurring | Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Marketable equity securities | 2,248 | 2,118 |
| Derivative assets | 0 | 0 |
| Derivative liabilities | 0 | 0 |
| Fair Value Measurements Recurring | Level 1 | U.S. Government and agency obligations | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Available for sale securities | 74,668 | 63,557 |
| Fair Value Measurements Recurring | Level 1 | Corporate bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Available for sale securities | 0 | 0 |
| Fair Value Measurements Recurring | Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Marketable equity securities | 0 | 0 |
| Derivative assets | 4,970 | 7,472 |
| Derivative liabilities | 3,201 | 4,472 |
| Fair Value Measurements Recurring | Level 2 | U.S. Government and agency obligations | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Available for sale securities | 75,256 | 28,025 |
| Fair Value Measurements Recurring | Level 2 | Corporate bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Available for sale securities | 10,485 | 15,846 |
| Fair Value Measurements Recurring | Level 3 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Marketable equity securities | 0 | 0 |
| Derivative assets | 0 | 0 |
| Derivative liabilities | 0 | 0 |
| Fair Value Measurements Recurring | Level 3 | U.S. Government and agency obligations | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Available for sale securities | 0 | 0 |
| Fair Value Measurements Recurring | Level 3 | Corporate bonds | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Available for sale securities | $ 0 | $ 0 |
Fair Value Measurements - Schedule of Financial Instruments Carried at Fair Value on Nonrecurring Basis (Details) - Fair Value Measurements Nonrecurring - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Individually evaluated loans | $ 0 | $ 0 |
| Servicing assets, net | 0 | 0 |
| Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Individually evaluated loans | 0 | 0 |
| Servicing assets, net | 0 | 0 |
| Level 3 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Individually evaluated loans | 78,933 | 113,901 |
| Servicing assets, net | $ 1,035 | $ 558 |
Fair Value Measurements - Schedule of Quantitative Inputs and Assumptions for Level 3 Financial Instruments Carried at Fair Value on Nonrecurring Basis (Details) |
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
|---|---|---|
| Minimum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing asset, measurement input (as a percent) | 0.03 | |
| Maximum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing asset, measurement input (as a percent) | 0.18 | |
| Discount rate | Minimum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing asset, measurement input (as a percent) | 0.10 | 0.10 |
| Prepayment rate | Minimum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing asset, measurement input (as a percent) | 0.03 | |
| Prepayment rate | Maximum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing asset, measurement input (as a percent) | 0.18 | |
| Fair Value Measurements Nonrecurring | Level 3 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing assets, net | $ 1,035,000 | $ 558,000 |
| Fair Value Measurements Nonrecurring | Level 3 | Fair Value | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Individually evaluated loans | 78,933,000 | 113,901,000 |
| Servicing assets, net | $ 1,035,000 | $ 558,000 |
| Fair Value Measurements Nonrecurring | Level 3 | Discount rate | Fair Value | Maximum | Discounted cash flows | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing asset, measurement input (as a percent) | 0.1000 | 0.1000 |
| Fair Value Measurements Nonrecurring | Level 3 | Prepayment rate | Fair Value | Minimum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing asset, measurement input (as a percent) | 0.0300 | 0.0300 |
| Fair Value Measurements Nonrecurring | Level 3 | Prepayment rate | Fair Value | Maximum | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Servicing asset, measurement input (as a percent) | 0.1800 | 0.1800 |
| Fair Value Measurements Nonrecurring | Level 3 | Individually evaluated loans | Fair Value | Appraisals | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Individually evaluated loans | $ 37,036,000 | $ 45,203,000 |
| Fair Value Measurements Nonrecurring | Level 3 | Individually evaluated loans | Fair Value | Appraisals, cash surrender value life insurance, securities, cash held as collateral | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Individually evaluated loans | 38,820,000 | 58,363,000 |
| Fair Value Measurements Nonrecurring | Level 3 | Individually evaluated loans | Fair Value | Discounted cash flows | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Individually evaluated loans | $ 3,077,000 | $ 10,335,000 |
| Fair Value Measurements Nonrecurring | Level 3 | Individually evaluated loans | Discount to appraised value | Fair Value | Maximum | Appraisals | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Impaired loan, measurement input (as a percent) | 0.0800 | 0.0800 |
| Fair Value Measurements Nonrecurring | Level 3 | Individually evaluated loans | Discount rate | Fair Value | Minimum | Appraisals, cash surrender value life insurance, securities, cash held as collateral | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Impaired loan, measurement input (as a percent) | 0.0000 | 0.0000 |
| Fair Value Measurements Nonrecurring | Level 3 | Individually evaluated loans | Discount rate | Fair Value | Minimum | Discounted cash flows | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Impaired loan, measurement input (as a percent) | 0.0338 | 0.0338 |
| Fair Value Measurements Nonrecurring | Level 3 | Individually evaluated loans | Discount rate | Fair Value | Maximum | Appraisals, cash surrender value life insurance, securities, cash held as collateral | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Impaired loan, measurement input (as a percent) | 0.0800 | 0.0800 |
| Fair Value Measurements Nonrecurring | Level 3 | Individually evaluated loans | Discount rate | Fair Value | Maximum | Discounted cash flows | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
| Impaired loan, measurement input (as a percent) | 0.1000 | 0.1025 |
Regulatory Matters - Narratives (Details) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Regulatory Matters [Abstract] | ||
| Minimum total risk-based capital ratio (as a percent) | 0.080 | |
| Minimum Tier 1 risk-based capital ratio (as a percent) | 0.060 | |
| Minimum common equity Tier 1 risk-based capital ratio (as a percent) | 0.045 | |
| Minimum leverage ratio (as a percent) | 0.040 | 0.0400 |
| Minimum risk-based capital requirements for adequately capitalized (as a percent) | 0.025 | |
| Minimum Tier 1 risk-based capital ratio (as a percent) | 0.070 | 0.0700 |
| Minimum Tier 1 risk-based capital ratio (as a percent) | 0.085 | 0.0850 |
| Minimum total risk-based capital ratio (as a percent) | 0.105 | 0.1050 |
Regulatory Matters - Schedule of Capital Amounts and Ratios for Bank (Details) $ in Thousands |
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
|---|---|---|
| Actual Capital, Amount | ||
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Amount | $ 344,979 | $ 325,296 |
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 203,425 | 195,690 |
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 188,895 | 181,712 |
| Tier One Risk Based Capital, Amount | ||
| Tier I Capital to Risk-Weighted Assets, Actual Capital, Amount | 344,979 | 325,296 |
| Tier I Capital to Risk-Weighted Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 247,017 | 237,623 |
| Tier I Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 232,486 | 223,645 |
| Capital, Amount | ||
| Total Capital to Risk-Weighted Assets, Actual Capital, Amount | 376,171 | 355,058 |
| Total Capital to Risk-Weighted Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 305,138 | 293,535 |
| Total Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 290,608 | 279,557 |
| Tier One Leverage Capital, Amount | ||
| Tier I Capital to Average Assets, Actual Capital, Amount | 344,979 | 325,296 |
| Tier I Capital to Average Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 130,725 | 128,998 |
| Tier I Capital to Average Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | $ 163,406 | $ 161,248 |
| Actual Capital, Ratio | ||
| Common Equity Tier One Capital Ratio | 0.1187 | 0.1164 |
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 0.070 | 0.0700 |
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 0.0650 | 0.0650 |
| Total Capital to Risk-Weighted Assets, Actual Capital, Ratio | 0.1294 | 0.1270 |
| Total Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 0.105 | 0.1050 |
| Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Ratio | 0.1000 | 0.1000 |
| Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio | 0.1187 | 0.1164 |
| Tier I Capital to Risk-Weighted Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 0.085 | 0.0850 |
| Tier I Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 0.0800 | 0.0800 |
| Tier I Capital to Average Assets, Actual Capital, Ratio | 0.1056 | 0.1009 |
| Tier I Capital to Average Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 0.040 | 0.0400 |
| Tier I Capital to Average Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 0.0500 | 0.0500 |
| Bankwell Financial Group Inc. | ||
| Actual Capital, Amount | ||
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Actual Capital, Amount | $ 298,121 | $ 268,733 |
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 131,112 | 126,030 |
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 189,385 | 182,043 |
| Tier One Risk Based Capital, Amount | ||
| Tier I Capital to Risk-Weighted Assets, Actual Capital, Amount | 298,121 | 268,733 |
| Banking Regulation, Tier 1 Risk-Based Capital, Minimum | 174,816 | 168,040 |
| Tier I Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 233,089 | 224,053 |
| Capital, Amount | ||
| Total Capital to Risk-Weighted Assets, Actual Capital, Amount | 399,010 | 367,946 |
| Total Capital to Risk-Weighted Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 233,089 | 224,053 |
| Total Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 291,361 | 280,066 |
| Tier One Leverage Capital, Amount | ||
| Tier I Capital to Average Assets, Actual Capital, Amount | 298,121 | 268,733 |
| Tier I Capital to Average Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 130,961 | 128,943 |
| Tier I Capital to Average Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | $ 163,701 | $ 161,179 |
| Actual Capital, Ratio | ||
| Common Equity Tier One Capital Ratio | 0.1023 | 0.0960 |
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 0.0450 | 0.0450 |
| Common Equity Tier 1 Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 0.0650 | 0.0650 |
| Total Capital to Risk-Weighted Assets, Actual Capital, Ratio | 0.1369 | 0.1314 |
| Total Capital to Risk-Weighted Assets, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 0.0800 | 0.0800 |
| Total Capital to Risk-Weighted Assets, For Capital Adequacy Purposes, Ratio | 0.1000 | 0.1000 |
| Tier I Capital to Risk-Weighted Assets, Actual Capital, Ratio | 0.1023 | 0.0960 |
| Banking Regulation, Total Risk-Based Capital Ratio, Minimum | 6.00% | 6.00% |
| Tier I Capital to Risk-Weighted Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 0.0800 | 0.0800 |
| Tier I Capital to Average Assets, Actual Capital, Ratio | 0.0911 | 0.0834 |
| Tier I Capital to Average Assets, Minimum Regulatory Capital Required for Capital Adequacy plus Capital Conservation Buffer | 0.0400 | 0.0400 |
| Tier I Capital to Average Assets, Minimum Regulatory Capital to be Well Capitalized Under Prompt Corrective Action Provisions | 0.0500 | 0.0500 |
Related Party Transactions (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Related Party Transaction | ||
| Entity ownership requirements to obtain a loan (percent) | 10.00% | |
| Related party deposits | $ 2,829,481 | $ 2,787,570 |
| Related Party | ||
| Related Party Transaction | ||
| Related party deposits | 56,800 | $ 53,300 |
| Related Party | Service Fees | ||
| Related Party Transaction | ||
| Related party transaction amount | $ 0 |
Parent Corporation Only Financial Statements - Condensed Statements of Financial Condition (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|---|
| ASSETS | |||
| Cash and due from banks | $ 214,567 | $ 293,552 | |
| Deferred income taxes, net | 11,356 | 9,742 | |
| Other assets | 26,291 | 24,427 | |
| Total assets | 3,359,859 | 3,268,476 | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||
| Accrued expenses and other liabilities | 49,192 | 50,935 | |
| Shareholders’ equity | 301,489 | 270,520 | $ 265,752 |
| Total liabilities and shareholders’ equity | 3,359,859 | 3,268,476 | |
| Parent Company | |||
| ASSETS | |||
| Cash and due from banks | 21,718 | 11,818 | |
| Investment in subsidiary | 348,347 | 327,083 | |
| Deferred income taxes, net | 528 | 581 | |
| Other assets | 6,296 | 4,513 | |
| Total assets | 376,889 | 343,995 | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||
| Subordinated debentures | 69,697 | 69,451 | |
| Accrued expenses and other liabilities | 5,703 | 4,024 | |
| Shareholders’ equity | 301,489 | 270,520 | |
| Total liabilities and shareholders’ equity | $ 376,889 | $ 343,995 |
Parent Corporation Only Financial Statements - Condensed Statements of Income (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Condensed Financial Statements, Captions | ||
| Interest income | $ 180,670 | $ 172,832 |
| Net income | 35,198 | 9,770 |
| Parent Company | ||
| Condensed Financial Statements, Captions | ||
| Interest income | 27 | 29 |
| Dividend income from subsidiary | 0 | 0 |
| Total income | 27 | 29 |
| Expenses | 6,065 | 7,447 |
| Income before equity in undistributed earnings of subsidiaries | (6,038) | (7,418) |
| Equity in undistributed earnings of subsidiaries | 41,236 | 17,188 |
| Net income | $ 35,198 | $ 9,770 |
Parent Corporation Only Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Cash flows from operating activities | ||
| Net income | $ 35,198 | $ 9,770 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| (Increase) decrease in other assets | (4,363) | (3,359) |
| Increase in deferred income taxes, net | (527) | 0 |
| Stock-based compensation | 2,344 | 2,998 |
| Amortization of debt issuance costs | 246 | 246 |
| Net cash provided by operating activities | 28,273 | 29,936 |
| Cash flows from investing activities | ||
| Net cash used in investing activities | (165,186) | (33,961) |
| Cash flows from financing activities | ||
| Dividends paid on common stock | (6,267) | (6,283) |
| Repurchase of common stock | (1,334) | (2,137) |
| Net cash provided by financing activities | 54,310 | 42,392 |
| Net increase (decrease) in cash and cash equivalents | (82,603) | 38,367 |
| Cash and cash equivalents: | ||
| Beginning of year | 307,524 | 269,157 |
| End of period | 224,921 | 307,524 |
| Cash paid for: | ||
| Interest | 99,392 | 108,713 |
| Parent Company | ||
| Cash flows from operating activities | ||
| Net income | 35,198 | 9,770 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Equity in undistributed earnings | (41,236) | (17,188) |
| (Increase) decrease in other assets | (1,783) | (1,435) |
| Increase in deferred income taxes, net | 53 | (59) |
| Increase (decrease) in other liabilities | 1,677 | 276 |
| Stock-based compensation | 2,346 | 2,998 |
| Amortization of debt issuance costs | 246 | 246 |
| Net cash provided by operating activities | (3,499) | (5,392) |
| Cash flows from investing activities | ||
| Net cash used in investing activities | 0 | 0 |
| Cash flows from financing activities | ||
| Dividends paid on common stock | (6,267) | (6,283) |
| Repurchase of common stock | (1,334) | (2,137) |
| Capital contribution from Bank | 21,000 | 13,500 |
| Net cash provided by financing activities | 13,399 | 5,080 |
| Net increase (decrease) in cash and cash equivalents | 9,900 | (312) |
| Cash and cash equivalents: | ||
| Beginning of year | 11,818 | 12,130 |
| End of period | 21,718 | 11,818 |
| Cash paid for: | ||
| Interest | 3,238 | 3,238 |
| Income taxes: | $ 0 | $ 0 |
Subsequent Events (Details) - $ / shares |
12 Months Ended | ||
|---|---|---|---|
Feb. 20, 2026 |
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Subsequent Events | |||
| Dividends per common share (in dollars per share) | $ 0.80 | $ 0.80 | |
| Subsequent Events | |||
| Subsequent Events | |||
| Dividends per common share (in dollars per share) | $ 0.20 | ||