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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Impact of adopting ASC 326
Preferred Stock
Preferred Stock, Series A
Preferred Stock
Preferred Stock, Series B
Common Stock and Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Unearned Compensation
Retained Earnings
Retained Earnings
Impact of adopting ASC 326
Beginning balance (in shares) at Dec. 31, 2021     6,395 3,210 3,981,117        
Beginning balance at Dec. 31, 2021 $ 96,290   $ 6,161 $ 3,123 $ 51,496 $ (420) $ (17) $ 35,947  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (269)             (269)  
Issuance of common stock under:                  
Non-qualified stock purchase plan (in shares)         1,272        
Non-qualified stock purchase plan $ 21       $ 21        
Dividend reinvestment plan (in shares) 5,251       5,251        
Dividend reinvestment plan $ 83       $ 83        
Repurchase of common stock (in shares)         (2,212)        
Repurchase of common stock (49)       $ (49)        
Exercise of stock options, net (in shares)         401        
Exercise of stock options, net 5       $ 5        
Issuance of stock, net (in shares)         750        
Issuance of stock, net 13       $ 13        
Stock-based awards - common stock:                  
Restricted stock expense, net of tax impact (in shares)         32,120        
Restricted stock expense, net of tax impact 241       $ 691   (450)    
Stock option expense 172       $ 172        
Other comprehensive income (loss), net (2,154)         (2,154)      
Dividends declared on:                  
Dividend declared on preferred stock (416)             (416)  
Dividend declared on common stock (642)             (642)  
Ending balance (in shares) at Jun. 30, 2022     6,395 3,210 4,018,699        
Ending balance at Jun. 30, 2022 93,295   $ 6,161 $ 3,123 $ 52,432 (2,574) (467) 34,620  
Beginning balance (in shares) at Mar. 31, 2022     6,395 3,210 4,013,173        
Beginning balance at Mar. 31, 2022 94,879   $ 6,161 $ 3,123 $ 52,252 (1,458) (630) 35,431  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (282)             (282)  
Issuance of common stock under:                  
Non-qualified stock purchase plan (in shares)         1,272        
Non-qualified stock purchase plan 21       $ 21        
Dividend reinvestment plan (in shares)         5,251        
Dividend reinvestment plan 83       $ 83        
Exercise of stock options, net 5       $ 5        
Stock-based awards - common stock:                  
Restricted stock expense, net of tax impact (in shares)         (997)        
Restricted stock expense, net of tax impact 141       $ (22)   163    
Stock option expense 93       $ 93        
Other comprehensive income (loss), net (1,116)         (1,116)      
Dividends declared on:                  
Dividend declared on preferred stock (208)             (208)  
Dividend declared on common stock (321)             (321)  
Ending balance (in shares) at Jun. 30, 2022     6,395 3,210 4,018,699        
Ending balance at Jun. 30, 2022 93,295   $ 6,161 $ 3,123 $ 52,432 (2,574) (467) 34,620  
Beginning balance (in shares) at Dec. 31, 2022     6,395 3,210 4,042,474        
Beginning balance at Dec. 31, 2022 91,884 $ (2,508) $ 6,161 $ 3,123 $ 53,023 (3,724) (178) 33,479 $ (2,508)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 2,124             2,124  
Issuance of common stock under:                  
Non-qualified stock purchase plan (in shares)         10,844        
Non-qualified stock purchase plan $ 185       $ 185        
Dividend reinvestment plan (in shares) 4,953       4,953        
Dividend reinvestment plan $ 84       $ 84        
Repurchase of common stock (in shares)         (750)        
Repurchase of common stock $ (10)       $ (10)        
Exercise of stock options, net (in shares) 30,375       3,787        
Exercise of stock options, net $ 0                
Unearned ESOP shares allocation (329)           (329)    
Reclassification of unearned ESOP shares allocation 0       $ 315   (315)    
Stock-based awards - common stock:                  
Restricted stock expense, net of tax impact (in shares)         42,526        
Restricted stock expense, net of tax impact 165       $ 729   (564)    
Stock option expense 58       $ 58        
Other comprehensive income (loss), net 485         485      
Dividends declared on:                  
Dividend declared on preferred stock (416)             (416)  
Dividend declared on common stock (657)             (657)  
Ending balance (in shares) at Jun. 30, 2023     6,395 3,210 4,103,834        
Ending balance at Jun. 30, 2023 91,065   $ 6,161 $ 3,123 $ 54,384 (3,239) (1,386) 32,022  
Beginning balance (in shares) at Mar. 31, 2023     6,395 3,210 4,098,805        
Beginning balance at Mar. 31, 2023 90,339   $ 6,161 $ 3,123 $ 54,003 (3,182) (940) 31,174  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 1,385             1,385  
Issuance of common stock under:                  
Non-qualified stock purchase plan (in shares)         5,864        
Non-qualified stock purchase plan 102       $ 102        
Repurchase of common stock (in shares)         (750)        
Repurchase of common stock (10)       $ (10)        
Unearned ESOP shares allocation (329)           (329)    
Reclassification of unearned ESOP shares allocation 0       $ 315   (315)    
Stock-based awards - common stock:                  
Restricted stock expense, net of tax impact (in shares)         (85)        
Restricted stock expense, net of tax impact 148       $ (50)   198    
Stock option expense 24       $ 24        
Other comprehensive income (loss), net (57)         (57)      
Dividends declared on:                  
Dividend declared on preferred stock (208)             (208)  
Dividend declared on common stock (329)             (329)  
Ending balance (in shares) at Jun. 30, 2023     6,395 3,210 4,103,834        
Ending balance at Jun. 30, 2023 $ 91,065   $ 6,161 $ 3,123 $ 54,384 $ (3,239) $ (1,386) $ 32,022