Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Significant Accounting Policies

Schedule of impact of adoption of ASU 2016-13 on allowance for credit Losses on loans

			January 1, 2024
Loan Categories (in thousands)	Pre-adoption		Adoption Impact		As Reported
Commercial and Industrial	$	215	$	755	$	970
Commercial Real Estate		815		388		1,203
Residential Real Estate		816		1,379		2,195
Consumer		206		(103)		103
	$	2,052	$	2,419	$	4,471

Schedule of earnings per share

	Three Months Ended March 31, 2024
			Weighted-	Per
	Net		Average	Share
	Income		Shares	Amount
	(In thousands)
Net income	$	1,993
Less allocated earnings on non-vested restricted stock		(2)
Less allocated dividends on non-vested restricted stock		(88)
Net income allocated to common stockholders		1,903
			5,499,877
Basic and diluted earnings per share				$	0.35

	Three Months Ended March 31, 2023
			Weighted-
	Net		Average	Per Share
	Income		Shares	Amount
	(In thousands)
Net income	$	1,888
Less allocated earnings on non-vested restricted stock		(2)
Less allocated dividends on non-vested restricted stock		(81)
Net income allocated to common stockholders		1,805
			5,484,610
Basic and diluted earnings per share				$	0.33