Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes included in the accompanying consolidated statements of operations consists of the following components:

	Years ended December 31,
	2022			2021
Current tax expense (benefit):
Federal	$	—		$	—
State		—			—
Total current tax expense (benefit)		—			—
Deferred tax expense:
Federal		(131	)		(49	)
State		(40	)		(15	)
Valuation allowance		—			—
Total deferred tax expense		(171	)		(64	)
Provision (credit) for income taxes	$	(171	)	$	(64	)

Schedule of Effective Income Tax Rate Reconciliation

A summary of the sources of differences between income taxes at the federal statutory rate and the provision (credit) for income taxes follows:

	Years ended December 31,
	2022						2021
	Amount			% of Pretax Income			Amount			% of Pretax Income
Reconciliation of statutory to effective rates:
Federal income taxes at statutory rate	$	(67	)		21.00	%	$	5			21.00	%
Adjustments for:
Increase in cash value of life insurance		(89	)		27.90	%		(85	)		(357.00	)%
Change in valuation allowance		—			—			—			—
Other, net		(15	)		4.70	%		16			67.20	%
Total income tax expense (benefit)	$	(171	)		53.60	%	$	(64	)		(268.80	)%

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax asset in the accompanying balance sheet includes the following amounts of deferred tax assets and liabilities:

	As of December 31,
	2022			2021
Deferred tax assets:
Allowance for loan losses	$	875		$	780
Deferred compensation		893			1,070
Accrued employee benefits		81			102
NOL and charitable contribution carryforwards		3,657			3,442
Net unrealized losses (gains) on available for sale securities		4,250			(52	)
Premises and equipment		67			40
ESOP release of shares		49			32
Lease liability		123			—
Other		97			82
Total deferred tax assets	$	10,092		$	5,496
Deferred tax liabilities:
Loan fees	$	227		$	179
Mortgage servicing rights		508			556
FHLB stock dividends		26			26
Lease asset		123			—
Total deferred tax liabilities	$	884		$	761
Net deferred tax asset/liability		9,208			4,735
Valuation allowance		(934	)		(934	)
Net deferred tax asset	$	8,274		$	3,801