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Employee Stock Ownership Plan (Table)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Employee Stock Ownership Plan (ESOP) Disclosures

The following table provides the allocated and unallocated shares of common stock associated with the ESOP as of December 31, 2023 and 2022.

 

 

December 31,
2023

 

 

December 31,
2022

 

 

(dollars in thousands)

 

Shares committed to be released

 

 

19,730

 

 

 

19,730

 

Total allocated shares

 

 

51,719

 

 

 

36,170

 

Total unallocated shares

 

 

434,062

 

 

 

453,792

 

Total ESOP shares

 

 

505,511

 

 

 

509,692

 

Fair value of unallocated shares (based on $6.99 and $10.00 share
   price as of December 31, 2023 and December 31, 2022, respectively)

 

$

3,034

 

 

$

4,538