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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Unallocated Common Stock Held by Benefit Plans
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total
Beginning Balance at Dec. 31, 2020       $ 50,645 $ 107 $ 50,752
CHANGES IN EQUITY            
Net income       1,915   1,915
Other comprehensive income (loss)         (790) (790)
Issuance of common stock $ 53 $ 50,782       50,835
Stock purchased by the ESOP     $ (4,232)     (4,232)
ESOP shares released for allocation   20 53     73
Ending Balance at Dec. 31, 2021 53 50,802 (4,179) 52,560 (683) 98,553
CHANGES IN EQUITY            
Net income       180   180
Other comprehensive income (loss)         (8,391) (8,391)
ESOP shares released for allocation   69 212     281
Stock purchased to fund the 2022 Recognition and Retention Plan     (2,340)     (2,340)
Stock compensation expense   191       191
Ending Balance at Dec. 31, 2022 $ 53 $ 51,062 $ (6,307) $ 52,740 $ (9,074) $ 88,474