XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Changes in Stockholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
Common Stock
[1]
Additional Paid In Capital
Treasury Stock
Unearned ESOP Shares
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2020 $ 80,785 $ 69 $ 33,628 $ (1,268) $ (2,453) $ 50,650 $ 159
ESOP loan payment and release of ESOP shares 57   5   52    
Stock-based compensation expense 110   110        
Change in unrealized loss on investment securities available- for-sale (278)           (278)
Issuance of common stock (less stock offering expenses of $1,699) 32,448   32,448        
Issuance of shares and loan to ESOP     2,961   (2,961)    
Treasury stock retired     (1,268) 1,268      
Net income 2,132         2,132  
Ending balance at Mar. 31, 2021 115,254 69 67,884   (5,362) 52,782 (119)
Beginning balance at Dec. 31, 2020 80,785 69 33,628 $ (1,268) (2,453) 50,650 159
Net income 4,450            
Ending balance at Jun. 30, 2021 117,635 69 67,972   (5,310) 55,100 (196)
Beginning balance at Mar. 31, 2021 115,254 69 67,884   (5,362) 52,782 (119)
ESOP loan payment and release of ESOP shares 65   13   52    
Stock-based compensation expense 75   75        
Change in unrealized loss on investment securities available- for-sale (77)           (77)
Net income 2,318         2,318  
Ending balance at Jun. 30, 2021 117,635 69 67,972   (5,310) 55,100 (196)
Beginning balance at Dec. 31, 2021 120,968 69 68,038   (5,004) 58,223 (358)
ESOP loan payment and release of ESOP shares 81   29   52    
Stock-based compensation expense 113   113        
Change in unrealized loss on investment securities available- for-sale (2,653)           (2,653)
Common stock repurchase (3,942) (3) (3,939)        
Net income 1,791         1,791  
Ending balance at Mar. 31, 2022 116,358 66 64,241   (4,952) 60,014 (3,011)
Beginning balance at Dec. 31, 2021 120,968 69 68,038   (5,004) 58,223 (358)
Net income 3,574            
Ending balance at Jun. 30, 2022 115,371 65 63,497   (4,899) 61,797 (5,089)
Beginning balance at Mar. 31, 2022 116,358 66 64,241   (4,952) 60,014 (3,011)
ESOP loan payment and release of ESOP shares 79   26   53    
Stock-based compensation expense 66   66        
Change in unrealized loss on investment securities available- for-sale (2,078)           (2,078)
Common stock repurchase (837) (1) (836)        
Net income 1,783         1,783  
Ending balance at Jun. 30, 2022 $ 115,371 $ 65 $ 63,497   $ (4,899) $ 61,797 $ (5,089)
[1] Amounts concerning shares related to periods prior to the date of the Conversion (January 20, 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (0.90686-to-one).