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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid- in Capital
Unearned ESOP Shares
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
Total
Balance at beginning of period at Dec. 31, 2020 $ 132 $ 56,901 $ (1,296) $ 105,305 $ (7,032) $ (185) $ 153,825
Balance at beginning of period (shares) at Dec. 31, 2020 [1] 17,721,500            
Increase (Decrease) in Stockholders' Equity              
Net income       3,245     3,245
Other comprehensive income (loss)           3 3
Cash dividend declared       (144)     (144)
ESOP shares earned   32 65       97
Balance at end of period at Mar. 31, 2021 $ 132 56,933 (1,231) 108,406 (7,032) (182) 157,026
Balance at end of period (shares) at Mar. 31, 2021 [1] 17,721,500            
Balance at beginning of period at Dec. 31, 2020 $ 132 56,901 (1,296) 105,305 (7,032) (185) 153,825
Balance at beginning of period (shares) at Dec. 31, 2020 [1] 17,721,500            
Increase (Decrease) in Stockholders' Equity              
Net income             7,696
Other comprehensive income (loss)             (9)
Balance at end of period at Sep. 30, 2021 $ 164 145,315 (8,518) 111,932   (194) 248,699
Balance at end of period (shares) at Sep. 30, 2021 [1] 16,377,936            
Balance at beginning of period at Mar. 31, 2021 $ 132 56,933 (1,231) 108,406 (7,032) (182) 157,026
Balance at beginning of period (shares) at Mar. 31, 2021 [1] 17,721,500            
Increase (Decrease) in Stockholders' Equity              
Net income       3,721     3,721
Other comprehensive income (loss)           (6) (6)
ESOP shares earned   41 65       106
Balance at end of period at Jun. 30, 2021 $ 132 56,974 (1,166) 112,127 (7,032) (188) 160,847
Balance at end of period (shares) at Jun. 30, 2021 [1] 17,721,500            
Increase (Decrease) in Stockholders' Equity              
Net income       730     730
Other comprehensive income (loss)           (6) (6)
Cash dividend declared       (925)     (925)
ESOP shares earned   15 476       491
Purchase of unearned common stock held by employee stock ownership plan     (7,828)       (7,828)
Conversion of existing shares [1] 6,593,954            
MHC shares sold in public offering, net of cost $ 32 95,358         95,390
MHC shares sold in public offering, net of cost (shares) [1] 9,784,077            
Retirement of NECB, MHC shares [1] (17,721,500)            
Fractional shares resulting from conversion of existing shares [1] (95)            
Treasury stock retired   (7,032)     $ 7,032    
Balance at end of period at Sep. 30, 2021 $ 164 145,315 (8,518) 111,932   (194) 248,699
Balance at end of period (shares) at Sep. 30, 2021 [1] 16,377,936            
Balance at beginning of period at Dec. 31, 2021 $ 164 145,335 (8,301) 114,323   (139) 251,382
Balance at beginning of period (shares) at Dec. 31, 2021 [1] 16,377,936            
Increase (Decrease) in Stockholders' Equity              
Net income       3,645     3,645
Other comprehensive income (loss)           19 19
Cash dividend declared       (931)     (931)
ESOP shares earned   41 217       258
Balance at end of period at Mar. 31, 2022 $ 164 145,376 (8,084) 117,037   (120) 254,373
Balance at end of period (shares) at Mar. 31, 2022 [1] 16,377,936            
Balance at beginning of period at Dec. 31, 2021 $ 164 145,335 (8,301) 114,323   (139) 251,382
Balance at beginning of period (shares) at Dec. 31, 2021 [1] 16,377,936            
Increase (Decrease) in Stockholders' Equity              
Net income             16,580
Other comprehensive income (loss)             64
Balance at end of period at Sep. 30, 2022 $ 162 142,265 (7,649) 125,334   (75) 260,037
Balance at end of period (shares) at Sep. 30, 2022 [1] 16,214,528            
Balance at beginning of period at Mar. 31, 2022 $ 164 145,376 (8,084) 117,037   (120) 254,373
Balance at beginning of period (shares) at Mar. 31, 2022 [1] 16,377,936            
Increase (Decrease) in Stockholders' Equity              
Net income       5,393     5,393
Other comprehensive income (loss)           22 22
Cash dividend declared       (3,722)     (3,722)
ESOP shares earned   28 218       246
Balance at end of period at Jun. 30, 2022 $ 164 145,404 (7,866) 118,708   (98) 256,312
Balance at end of period (shares) at Jun. 30, 2022 [1] 16,377,936            
Increase (Decrease) in Stockholders' Equity              
Net income       7,542     7,542
Other comprehensive income (loss)           23 23
Cash dividend declared       (916)     (916)
Stock Repurchases $ (3) (3,192)         (3,195)
Stock repurchases (shares) [1] (250,288)            
Restricted stock Award $ 1 (1)          
Restricted Stock Award (shares) [1] 86,880            
ESOP shares earned   54 217       271
Balance at end of period at Sep. 30, 2022 $ 162 $ 142,265 $ (7,649) $ 125,334   $ (75) $ 260,037
Balance at end of period (shares) at Sep. 30, 2022 [1] 16,214,528            
[1] Shares amounts related to periods prior to the July 12, 2021 closing of the Company’s second-step conversion offering have been restated to give retroactive recognition to the 1.3400 exchange ratio applied in the conversion offering.