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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
Adoption impact
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Adoption impact
Total
Beginning Balance at Dec. 31, 2022 $ 53 $ 51,062 $ (6,307) $ (335) $ 52,758 $ (9,074) $ (335) $ 88,492
CHANGES IN SHAREHOLDERS' EQUITY                
Net Income (Loss)         219     219
Other comprehensive income (loss)           (1,034)   (1,034)
Stock purchased to fund the 2022 Recognition and Retention Plan     (415)         (415)
ESOP shares released for allocation   27 159         186
2022 Recognition and Retention Plan shares released for allocation   (289) 289          
Stock compensation expense   386           386
Repurchase of common stock (5) (5,331)           (5,336)
Ending Balance at Sep. 30, 2023 48 45,855 (6,274)   52,642 (10,108)   82,163
Beginning Balance at Jun. 30, 2023 49 47,032 (6,616)   52,491 (8,645)   84,311
CHANGES IN SHAREHOLDERS' EQUITY                
Net Income (Loss)         151     151
Other comprehensive income (loss)           (1,463)   (1,463)
ESOP shares released for allocation   10 53         63
2022 Recognition and Retention Plan shares released for allocation   (289) 289          
Stock compensation expense   102           102
Repurchase of common stock (1) (1,000)           (1,001)
Ending Balance at Sep. 30, 2023 48 45,855 (6,274)   52,642 (10,108)   82,163
Beginning Balance at Dec. 31, 2023 48 45,020 (6,221)   52,949 (7,237)   84,559
CHANGES IN SHAREHOLDERS' EQUITY                
Net Income (Loss)         (3,715)     (3,715)
Other comprehensive income (loss)           4,556   4,556
ESOP shares released for allocation   27 158         185
2022 Recognition and Retention Plan shares released for allocation   (286) 286          
Stock compensation expense   423           423
Repurchase of common stock (4) (4,337)           (4,341)
Ending Balance at Sep. 30, 2024 44 40,847 (5,777)   49,234 (2,681)   81,667
Beginning Balance at Jun. 30, 2024 45 41,914 (6,116)   48,787 (3,617)   81,013
CHANGES IN SHAREHOLDERS' EQUITY                
Net Income (Loss)         447     447
Other comprehensive income (loss)           936   936
ESOP shares released for allocation   8 53         61
2022 Recognition and Retention Plan shares released for allocation   (286) 286          
Stock compensation expense   143           143
Repurchase of common stock (1) (932)           (933)
Ending Balance at Sep. 30, 2024 $ 44 $ 40,847 $ (5,777)   $ 49,234 $ (2,681)   $ 81,667