EMPLOYEE STOCK OWNERSHIP PLAN	6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
EMPLOYEE STOCK OWNERSHIP PLAN	NOTE 6 – EMPLOYEE STOCK OWNERSHIP PLAN In connection with our mutual-to-stock reorganization and stock offering, the Bank established an employee stock ownership plan (“ESOP”), which acquired 515,775 shares of the Company’s common stock equaling 3.92% of the Company's outstanding shares. The ESOP is a tax-qualified retirement plan providing employees the opportunity to own Company stock. Bank contributions to the ESOP are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The number of shares to be allocated annually is 25,789 through 2039. During the three months ended June 30, 2023 and 2022, $55,000 and $70,000 was incurred as expense for the plan, respectively. During the six months ended June 30, 2023 and 2022, $127,000 and $137,000 was incurred as expense for the plan, respectively. As of June 30, 2023, 92,543 shares have been allocated and 423,232 shares are unallocated with a fair value of $3.5 million.

EMPLOYEE STOCK OWNERSHIP PLAN

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

NOTE 6 – EMPLOYEE STOCK OWNERSHIP PLAN

In connection with our mutual-to-stock reorganization and stock offering, the Bank established an employee stock ownership plan (“ESOP”), which acquired 515,775 shares of the Company’s common stock equaling 3.92% of the Company's outstanding shares. The ESOP is a tax-qualified retirement plan providing employees the opportunity to own Company stock. Bank contributions to the ESOP are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The number of shares to be allocated annually is 25,789 through 2039. During the three months ended June 30, 2023 and 2022, $55,000 and $70,000 was incurred as expense for the plan, respectively. During the six months ended June 30, 2023 and 2022, $127,000 and $137,000 was incurred as expense for the plan, respectively. As of June 30, 2023, 92,543 shares have been allocated and 423,232 shares are unallocated with a fair value of $3.5 million.