Lake Shore Bancorp (LSBK) 10-K 22 Mar 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 18, 2024	Jun. 30, 2023
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	000-51821
Entity Registrant Name	Lake Shore Bancorp, Inc.
Entity Incorporation, State or Country Code	X1
Entity Tax Identification Number	20-4729288
Entity Address, Address Line One	31 East Fourth Street
Entity Address, City or Town	Dunkirk
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14048
City Area Code	716
Local Phone Number	366-4070
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	LSBK
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 18,262,409
Entity Common Stock, Shares Outstanding		5,684,784
Documents Incorporated by Reference	Part of 10-K where incorporated Portions of the registrant’s Proxy Statement for the 2024 Annual Meeting of Stockholders III
Auditor Name	Baker Tilly US, LLP We have served as the Company's auditor since 2005.
Auditor Location	Pittsburgh, Pennsylvania
Auditor Firm ID	23
Entity Central Index Key	0001341318

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 4,648	$ 4,503
Interest earning deposits	49,082	5,130
Cash and Cash Equivalents	53,730	9,633
Securities	60,442	73,047
Federal Home Loan Bank stock, at cost	2,293	2,330
Loans receivable, net of allowance for credit losses of $6,463 in 2023 and $7,065 in 2022	555,828	573,537
Premises and equipment, net	7,870	8,286
Accrued interest receivable	2,835	2,796
Bank owned life insurance	29,355	23,218
Other assets	12,765	7,067
Total Assets	725,118	699,914
Liabilities
Deposits: Interest bearing	495,738	464,441
Deposits: Non-interest bearing	95,186	105,678
Total Deposits	590,924	570,119
Short-term borrowings		12,596
Long term debt	35,250	24,950
Advances from borrowers for taxes and insurance	3,307	3,308
Other liabilities	9,364	7,757
Total Liabilities	638,845	618,730
Stockholders' Equity
Common stock, $0.01 par value per share, 25,000,000 shares authorized; 6,836,514 shares issued and 5,686,288 shares outstanding at December 31, 2023 and 6,836,514 shares issued and 5,705,225 shares outstanding at December 31, 2022	68	68
Additional paid-in capital	31,456	31,459
Treasury stock, at cost (1,150,226 shares at December 31, 2023 and 1,131,289 shares at December 31, 2022)	(13,760)	(13,571)
Unearned shares held by ESOP	(1,023)	(1,108)
Unearned shares held by compensation plans	(39)	(191)
Retained earnings	78,956	74,859
Accumulated other comprehensive loss	(9,385)	(10,332)
Total Stockholders' Equity	86,273	81,184
Total Liabilities and Stockholders' Equity	$ 725,118	$ 699,914

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Financial Condition [Abstract]
Allowance for credit losses	$ 6,463	$ 7,065
Common stock par value per share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	25,000,000	25,000,000
Common Stock, Shares Issued	6,836,514	6,836,514
Common Stock, Shares Outstanding	5,686,288	5,705,225
Treasury Stock, Shares	1,150,226	1,131,289

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest Income
Loans, including fees	$ 30,009,000	$ 24,507,000
Investment securities, taxable	898,000	823,000
Investment securities, tax-exempt	1,043,000	1,245,000
Other	1,805,000	179,000
Total Interest Income	33,755,000	26,754,000
Interest Expense
Deposits	8,069,000	1,815,000
Short-term borrowings	87,000	49,000
Long-term debt	1,191,000	494,000
Other	50,000	57,000
Total Interest Expense	9,397,000	2,415,000
Net Interest Income	24,358,000	24,339,000
(Credit) Provision for Credit Losses	(1,043,000)	725,000
Net Interest Income After (Credit) Provision for Credit Losses	25,401,000	23,614,000
Non-Interest Income
Increase in cash surrender value of bank-owned life insurance	(761,000)	(341,000)
Unrealized gain (loss) on equity securities	11,000	(11,000)
Unrealized (loss) gain on interest rate swap	(58,000)	332,000
Recovery on previously impaired investment securities	7,000	15,000
Loss on sale of securities available for sale	(59,000)
Net loss on sale of loans		(18,000)
Other	82,000	95,000
Total Non-Interest Income	2,635,000	2,704,000
Non-Interest Expense
Salaries and employee benefits	11,254,000	9,854,000
Occupancy and equipment	2,911,000	3,054,000
Professional services	2,489,000	2,108,000
Data processing	1,745,000	1,422,000
Advertising	578,000	714,000
Postage and supplies	261,000	266,000
FDIC insurance	1,113,000	272,000
Other	1,466,000	1,758,000
Total Non-Interest Expense	21,817,000	19,448,000
Income before Income Taxes	6,219,000	6,870,000
Provision for income tax (benefit) expense	1,399,000	1,162,000
Net Income	$ 4,820,000	$ 5,708,000
Earnings per share: Basic	$ 0.82	$ 0.97
Earnings per share: Diluted	$ 0.82	0.97
Dividends declared per share		$ 0.68
Service Charges and Fees [Member]
Non-Interest Income
Non-interest income	$ 1,045,000	$ 1,104,000
Debit card fees [Member]
Non-Interest Income
Non-interest income	846,000	846,000
Total Non-Interest Income	$ 846,000	$ 846,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net Income (Loss)	$ 4,820,000	$ 5,708,000
Other Comprehensive Income (Loss), net of tax (expense) benefit:
Unrealized holding gains (losses) on securities available for sale, net of tax (expense) benefit	905,000	(11,298,000)
Reclassification adjustments related to: Recovery on previously impaired investment securities included in net income, net of tax expense	(5,000)	(12,000)
Net loss on sale of securities included in net income, net of tax benefit	47,000
Total Other Comprehensive Income (Loss)	947,000	(11,310,000)
Total Comprehensive Income (Loss)	$ 5,767,000	$ (5,602,000)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Unearned Shares Held by ESOP [Member]	Unearned Shares Held by Compensation Plans [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Dec. 31, 2021	$ 87,976,000		$ 68,000	$ 31,350,000	$ (13,660,000)	$ (1,194,000)	$ (157,000)	$ 70,591,000		$ 978,000
Net Income (Loss)	5,708,000							5,708,000
Other comprehensive income (loss), net of tax expense (benefit)	(11,310,000)									(11,310,000)
ESOP shares earned	110,000			24,000		86,000
Compensation plan shares granted					274,000		(274,000)
Compensation plan shares forfeited					(100,000)		100,000
Compensation plan shares earned	225,000			85,000			140,000
Common stock repurchased on vesting for payroll taxes	(85,000)				(85,000)
Cash dividends declared	(1,440,000)							(1,440,000)
Ending Balance at Dec. 31, 2022	81,184,000	$ (723,000)	68,000	31,459,000	(13,571,000)	(1,108,000)	(191,000)	74,859,000	$ (723,000)	(10,332,000)
Net Income (Loss)	4,820,000							4,820,000
Other comprehensive income (loss), net of tax expense (benefit)	947,000									947,000
ESOP shares earned	86,000			1,000		85,000
Compensation plan shares granted					78,000		(78,000)
Compensation plan shares forfeited					(209,000)		209,000
Compensation plan shares earned	17,000			(4,000)			21,000
Common stock repurchased on vesting for payroll taxes	(58,000)				(58,000)
Ending Balance at Dec. 31, 2023	$ 86,273,000		$ 68,000	$ 31,456,000	$ (13,760,000)	$ (1,023,000)	$ (39,000)	$ 78,956,000	$ (723,000)	$ (9,385,000)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Stockholders' Equity [Abstract]
Other comprehensive Income (loss), tax expense (benefit)	$ 251	$ (3,007)
ESOP, shares earned	7,935	7,935
Compensation plan shares granted	8,282	29,132
Compensation plan shares forfeited	22,296	10,616
Compensation plan shares earned	2,102	14,911
Purchase of treasury stock, shares	4,923	5,701
Cash dividends declared, value per share		$ 0.68

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ 4,820,000	$ 5,708,000
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of investment securities	60,000	89,000
Net amortization of deferred loan costs	552,000	490,000
(Credit) provision for credit losses	(1,043,000)	725,000
Recovery on previously impaired investment securities	(7,000)	(15,000)
Unrealized (gain) loss on equity securities	(11,000)	11,000
Unrealized loss (gain) on interest rate swap	58,000	(332,000)
Loss on sale of investment securities	59,000
Originations of loans held for sale		(1,309,000)
Proceeds from sales of loans held for sale		1,291,000
Loss on sale of loans held for sale		18,000
Depreciation and amortization	807,000	856,000
Deferred income tax expense (benefit)	17,000	(187,000)
Increase in cash surrender value of bank-owned life insurance	(761,000)	(341,000)
ESOP shares committed to be released	86,000	110,000
Stock based compensation expense	17,000	225,000
Increase in accrued interest receivable	(39,000)	(313,000)
Decrease in other assets	534,000	802,000
Writedowns of foreclosed real estate	16,000	15,000
Gains from sale of foreclosed real estate	(15,000)	(93,000)
Increase in other liabilities	1,055,000	455,000
Net Cash Provided by Operating Activities	6,205,000	8,205,000
CASH FLOWS FROM INVESTING ACTIVITIES
Activity in debt securities: Sales	9,719,000
Activity in debt securities: Maturities, prepayments and calls	3,983,000	7,508,000
Activity in debt securities: Purchases		(6,141,000)
Purchases of Federal Home Loan Bank Stock	(1,314,000)	(1,692,000)
Redemptions of Federal Home Loan Bank Stock	1,351,000	968,000
Loan principal collections and originations, net	17,858,000	(57,762,000)
Proceeds from the surrender of bank-owned life insurance	635,000
Purchase of bank-owned life insurance	(12,596,000)
Proceeds from sale of interest rate swaps	214,000
Proceeds from sale of foreclosed real estate	64,000	321,000
Additions to premises and equipment	(391,000)	(406,000)
Net Cash Provided by (Used in) Investing Activities	19,523,000	(57,204,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits	20,805,000	(23,065,000)
Net (decrease) increase in advances from borrowers for taxes and insurance	(1,000)	110,000
Net (decrease) increase in short-term borrowings	(12,596,000)	12,596,000
Proceeds from issuance of long-term debt	15,250,000	5,000,000
Repayment of long-term debt	(4,950,000)	(2,000,000)
Repayment of finance lease obligation	(81,000)	(69,000)
Purchase of treasury stock	(58,000)	(85,000)
Cash dividends paid		(1,440,000)
Net Cash Provided by (Used in) Financing Activities	18,369,000	(8,953,000)
Net Increase (Decrease) in Cash and Cash Equivalents	44,097,000	(57,952,000)
CASH AND CASH EQUIVALENTS - BEGINNING	9,633,000	67,585,000
CASH AND CASH EQUIVALENTS - ENDING	53,730,000	9,633,000
SUPPLEMENTARY CASH FLOWS INFORMATION
Interest paid	8,634,000	2,404,000
Income taxes paid	1,321,000	975,000
SUPPLEMENTARY SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Life insurance receivable	6,585,000
Foreclosed real estate acquired in settlement of loans	$ 60,000	$ 216,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 4,820,000	$ 5,708,000

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Nature of Oper

Organization and Nature of Operations	12 Months Ended
	Dec. 31, 2023
Basis of Presentation [Abstract]
Organization and Nature of Operations	Note–1 - Organization and Nature of Operations Organizational Structure Lake Shore Bancorp, Inc. (the “Company,” “us,” “our,” or “we”) and the parent mutual holding company, Lake Shore, MHC (the “MHC”) were formed on April 3, 2006 to serve as the stock holding companies for Lake Shore Savings Bank (the “Bank”) as part of the Bank’s conversion and reorganization from a New York State chartered mutual savings and loan association to the federal mutual holding company form of organization. The MHC, whose activity is not included in these consolidated financial statements, held 3,636,875 shares, or 63.96 % of the Company’s outstanding common stock as of December 31, 2023. As of December 31, 2023, the MHC elected to waive dividends of approximately $ 18.6 million on a cumulative basis. The dividends waived by the MHC are considered a restriction on the retained earnings of the Company. Charter Lake Shore Bancorp, Inc. and the parent mutual holding company, Lake Shore, MHC are federally chartered and regulated by the Federal Reserve Board. Lake Shore Savings Bank, subsidiary of Lake Shore Bancorp, Inc., is a federally chartered savings bank and regulated by the Office of the Comptroller of the Currency (the “OCC”). Nature of Business The Company’s primary business is the ownership and operation of its subsidiary, the Bank. The Bank is engaged primarily in the business of retail banking through eleven branch offices located in Erie and Chautauqua Counties of New York State. Its primary deposit products are checking, savings and term certificate accounts and its primary lending products are commercial real estate loans and residential mortgages.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note–2 - Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements include the accounts of the Company and the Bank. All material inter-company accounts and transactions have been eliminated. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain prior periods amounts have been reclassified to conform to the current presentation. These reclassifications had no effect on 2022 net income. Use of Estimates To prepare these consolidated financial statements in conformity with GAAP, management of the Company made a number of estimates and assumptions relating to the reporting of assets and liabilities and the reporting of revenue and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, securities valuation estimates, and income taxes. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks, interest earning deposits at other financial institutions and overnight federal funds sold which are generally sold for one to three-day periods. Investment Securities All debt securities are classified as available for sale and are carried at fair value with unrealized gains and losses, net of the related deferred income tax effect, excluded from earnings and reported as a separate component of accumulated other comprehensive income (loss) until realized. Equity securities are also measured at fair value with changes in the fair value recognized in the non-interest income component of the consolidated statements of income. Realized gains and losses on securities transactions are reported in earnings and computed using the specific identification method. An allowance for credit losses is deducted from the amortized cost basis of financial assets to present the net carrying value at the amount that is expected to be collected over the contractual term. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or if it is more likely than not that it will be required to sell the security before the recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, any excess cost is recorded as an allowance for credit losses. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major agencies and have a long history of no losses. Accrued interest of $ 260,000 as of December 31, 2023 on available-for-sale debt securities is included in accrued interest receivable on the consolidated statements of financial condition and is excluded from the estimate of credit losses. Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold restricted stock of its district Federal Home Loan Bank according to a predetermined formula. This stock is restricted in that it can only be sold to the FHLB or to another member institution and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is carried at cost on the consolidated statements of financial condition. The investment is periodically evaluated for impairment based on the ultimate recoverability of cost. Loans Receivable Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of allowance for credit losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Company is generally amortizing these amounts over the contractual life of the loan. Management considers a loan to be in delinquency status when the contractual payment of principal or interest has become greater than 30 days past due. The accrual of interest is generally discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on non-accrual status, unpaid interest credited to income is reversed in the current year. Interest received on non-accrual loans generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt. Allowance for Credit Losses - Loans The allowance for credit losses is a valuation account that is deducted from or added to the loans receivable amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance for credit losses when management believes the uncollectibility of a loan balance is confirmed. Expected recoveries recorded in the allowance for credit loss account should not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Management estimates the allowance for credit losses balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as change in unemployment rates, property values or other relevant factors. Changes in the allowance for credit losses on loans are recorded as a provision for (or credit to) credit losses. The Company uses the vintage model to estimate expected credit losses for all loan segments. The vintage model measures the expected loss calculation for future periods based on the historical performance by the origination period of loans with similar life cycles and risk characteristics. For each loan segment, the Company utilizes historical loss data through the current period to calculate the actual loss percentage for each loan type by vintage year of loan origination. The calculated loss percentages are then applied to the remaining outstanding balance for each vintage year, for the estimated remaining life of the loans in the loan segment. In addition to this calculation, the Company applies qualitative factors for current conditions, including trends in the nature and volume of the loan portfolio, loan concentrations, changes in the experience, ability and depth of the Company’s lending management, and national and local economic conditions. In addition, the Company utilizes an economic forecast factor consisting of unemployment data and changes in gross domestic production (GDP) to determine the impact to the Bank’s loan portfolio. No reversion adjustments were necessary for our calculation as the starting point for the Company’s estimate was a cumulative loss rate covering the expected contractual term of the loan portfolio. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not included in the collective evaluation. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Accrued interest on loans of $ 2.5 million at December 31, 2023 is included in accrued interest receivable on the consolidated statements of financial condition and is excluded from the estimate of credit losses. The Company's determination as to the amount of expected credit losses are subject to review by bank regulators, which can require the establishment of additional expected credit losses. Although the allowance for credit losses is allocated by loan type, the allowance for credit losses is general in nature and is available to offset losses from any loan in the Company’s portfolio. Allowance for Credit Losses – Off Balance Sheet Credit Exposure The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless the obligation is unconditionally cancellable by the Company. Off-balance sheet credit exposure includes loan commitments in which the Company has extended terms and all parties have accepted. The Company’s commercial overdraft line of credit and consumer overdraft line of credit products are unconditionally cancellable by the Company and therefore, the Company does not record an allowance for credit losses on these loan types. The allowance for credit losses for off balance sheet credit exposure is derived through the use of the vintage model and a utilization rate concept, applied to those commitments which are not unconditionally cancellable. Changes in the allowance for credit losses for unfunded commitments are recorded as a provision for (or credit to) credit losses. Premises and Equipment Land is carried at cost. Buildings, improvements, furniture and equipment are carried at cost, net of accumulated depreciation. Depreciation is computed on the straight-line basis over the estimated useful lives of assets (generally thirty-nine years for buildings and three to fifteen years for furniture and equipment). Leasehold improvements are amortized on the straight-line method over the lesser of the life of the improvements or the lease term. Maintenance and repairs are charged to expense as incurred, while major improvements are capitalized and amortized to operating expense over the identified useful life. Leases The Company determines if an arrangement is a lease at the contract’s inception. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the consolidated statements of income. Operating leases are recorded under a right of use (“ROU”) model that requires a lessee to record (for all operating leases with terms longer than 12 months) an asset representing its right to use the underlying asset and a lease liability. The ROU asset and lease liability are included in other assets and other liabilities, respectively, on the consolidated statements of financial condition. Finance leases are recorded in premises and equipment on the consolidated statements of financial condition. Operating lease ROU assets represent our right to use an underlying asset during the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate at the lease commencement date. ROU assets are further adjusted for lease incentives. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in occupancy and equipment expense in the consolidated statements of income. Mortgage Servicing Rights Certain low-yielding, fixed rate residential, one to- four- family loans are sold on the secondary market in order to manage interest rate risk. The individual loans are normally sold to an investor immediately after loan closing. The Company retains servicing rights on these loans. Originated mortgage servicing rights are recorded at their fair value at the time of transfer of the related loans and are amortized in proportion to, and over the period of, estimated net servicing income or loss. The carrying value of the originated mortgage servicing rights are periodically evaluated for impairment. The mortgage servicing rights asset is recorded in other assets on the consolidated statements of financial condition. The amortization of the mortgage servicing asset is recorded against service fee income and recorded in service charges and fees on the consolidated statements of income. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Foreclosed Real Estate Foreclosed real estate consists of property acquired in settlement of loans which is carried at its fair value less estimated selling costs. Write-downs from cost to fair value less estimated selling costs are recorded at the date of acquisition or repossession and are charged to the allowance for loan losses. Subsequent write-downs to fair value, net of estimated selling costs, are recorded in non-interest expense along with direct operating expenses. Gains or losses not previously recognized, resulting from the sale of foreclosed assets are recognized in non-interest expense on the date of sale. Foreclosed real estate was $ 34,000 and $ 95,000 at December 31, 2023 and 2022, respectively, and was included as a component of other assets in the consolidated statements of financial condition. Proceeds from the sale of foreclosed real estate for the years ended December 31, 2023 and 2022 were $ 64,000 and $ 321,000 , respectively. This resulted in a net gain on sale of $ 15,000 and $ 93,000 for the years ended December 31, 2023 and 2022, respectively, and was included as a component of other non-interest expense in the consolidated statements of income. Bank Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit obligations. BOLI involves the purchase of life insurance by the Company on a chosen group of employees. The Company is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Income from the increase in the cash surrender value of the underlying policies is included in non-interest income in the consolidated statements of income and is not subject to income taxes unless surrendered. The Company does not intend to surrender the policies held at December 31, 2023, and accordingly, no deferred taxes have been recorded on the earnings from these policies. The cash surrender value of such bank owned life insurance amounted to $ 29.4 million at December 31, 2023 and $ 23.2 million at December 31, 2022. Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred. Total advertising expense for the years ended December 31, 2023 and 2022 was $ 578,000 and $ 714,000 , respectively. Income Taxes The Company files a consolidated federal income tax return. The provision for federal and state income taxes is based on income reported on the consolidated financial statements, rather than the amounts reported on the respective income tax returns. Deferred taxes are recorded using the liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment and the effect of a change in tax rates is recognized in income at that time. The Company makes certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments are applied in the calculation of certain tax credits and in the calculation of deferred income tax expense or benefit associated with certain deferred tax assets and liabilities. Significant changes to these estimates may result in an increase or decrease to the Company’s tax provision in a subsequent period. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. The Company periodically reviews its tax positions and applies a “more likely than not” recognition threshold for all tax uncertainties. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Employee Stock Ownership Plan (“ESOP”) Compensation expense is recognized based on the current market price of shares committed to be released to employees. All shares released and committed to be released are deemed outstanding for purposes of earnings per share calculations. Dividends declared and paid on allocated shares held by the ESOP are charged to retained earnings. The value of unearned shares to be allocated to ESOP participants for future services not yet performed is reflected as a reduction of stockholders’ equity. Dividends declared on unallocated shares held by the ESOP are recorded as a reduction of the ESOP’s loan payment to the Company. Stock Compensation Plans At December 31, 2023, the Company had stock-based employee and non-employee compensation plans, which are described more fully in Note 12 - Stock-based Compensation. The Company accounts for the plans using a fair value-based method, which measures compensation cost at the grant date based on the fair value of the award. Compensation is then recognized over the service period, which is usually the vesting period. The fair value of stock option grants are estimated on the date of grant using the Black-Scholes options-pricing model. Common shares are issued from the Company’s authorized common shares when a share option is exercised. When restricted shares are granted, the shares are released from treasury stock. Common shares awarded as restricted stock are measured based on the fair market value at the grant date. The stock option plan, restricted stock plan and equity incentive plan expenses are recognized in salaries and employee benefits expense on the consolidated statement of income. Earnings per Common Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding, less unallocated shares held by the Company’s ESOP, 2006 Recognition and Retention Plan (“RRP”) and 2012 Equity Incentive Plan (“EIP”), during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed conversion. Potential common shares that may be issued by the Company relate solely to outstanding stock options and restricted stock awards, and are determined using the treasury stock method. Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit. Such commitments are recorded in the consolidated statements of financial condition when they are funded. Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains, and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the stockholders’ equity section of the consolidated statements of financial condition, such items, along with net income, are components of comprehensive income (loss). Subsequent Events The Company evaluated events occurring subsequent to December 31, 2023 through the date the consolidated financial statements are being issued, and other than as set forth in Note 21, did not identify any subsequent events requiring disclosure. Recently Adopted Accounting Standards On January 1, 2023, the Company adopted the Financial Accounting Standards Board (“FASB”) Accounting Standard Update (“ASU”) 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ” (“ASU 2016-13”), as amended. ASU 2016-13 (also known as Accounting Standard Codification 326 or “ASC 326”) replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loans receivable. It also applies to certain off-balance sheet credit exposures, such as loan commitments and standby letters of credit. In addition, ASU 2016-13 updated the accounting for available-for-sale debt securities to require credit losses to be presented as an allowance rather than a write-down on available-for-sale debt securities that management does not intend to sell or believes that it is more likely than not they will be required to sell. The Company utilized the modified retrospective method for all financial assets measured at amortized cost, specifically loans receivable and off-balance sheet credit exposures. Upon adoption on January 1, 2023, the Company recorded a $ 282,000 increase to the allowance for credit losses related to the expected credit losses inherent within the Company's loan portfolio and a $ 633,000 increase to the allowance for credit losses inherent within the Company's off-balance sheet credit exposures, offset by a $ 192,000 increase to deferred tax assets relating to the additional expected loss. As a result, retained earnings decreased by $ 723,000 . The Company adopted ASC 326 using the prospective transition appropriate for available-for-sale debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As a result, the amortized cost basis remains the same before and after the effective date of ASC 326. The effective interest rate on the debt securities was not changed. Recoveries of amounts previously written-off relating to improvements in cash flows after January 1, 2023 will be recorded in earnings as received. In March 2022, the FASB issued ASU No. 2022-02, " Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. " This ASU eliminates the separate recognition and measurement guidance for Troubled Debt Restructurings by creditors. The amendments in this update require the Company to apply the general loan modification guidance in Subtopic 310-20 to all loan modifications, including modifications for borrowers experiencing financial difficulty. The Company must evaluate whether the modification represents a new loan or a continuation of an existing loan. ASU 2022-02 may be adopted prospectively for loan modifications after adoption or on a modified retrospective basis, which would apply to loans previously modified, resulting in a cumulative effect adjustment to retained earnings in the period of adoption for changes in the allowance for credit losses. On January 1, 2023 , the Company adopted ASU 2022-02 utilizing the prospective method, which did no t have a material impact on its consolidated financial statements. The adoption of ASU-2022-02 also required the Company to enhance the vintage disclosures to include gross charge-off by year of origination.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2023
Investment Securities [Abstract]
Investment Securities	Note 3 – Investment Securities The amortized cost and fair value of securities are as follows: December 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) SECURITIES Debt Securities Available for Sale U.S. government agencies $ 2,007 $ — $ ( 133 ) $ 1,874 Municipal bonds 40,774 — ( 7,724 ) 33,050 Mortgage-backed securities: Collateralized mortgage obligations-private label 10 — — 10 Collateralized mortgage obligations-government sponsored entities 11,844 1 ( 1,445 ) 10,400 Government National Mortgage Association 57 — ( 2 ) 55 Federal National Mortgage Association 11,872 1 ( 1,684 ) 10,189 Federal Home Loan Mortgage Corporation 5,737 2 ( 926 ) 4,813 Asset-backed securities-private label — 31 — 31 Asset-backed securities-government sponsored entities 2 — — 2 Total Debt Securities Available for Sale $ 72,303 $ 35 $ ( 11,914 ) $ 60,424 Equity Securities 22 — ( 4 ) 18 Total Securities $ 72,325 $ 35 $ ( 11,918 ) $ 60,442 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) SECURITIES Debt Securities Available for Sale U.S. government agencies $ 2,008 $ — $ ( 175 ) $ 1,833 Municipal bonds 50,734 16 ( 8,336 ) 42,414 Mortgage-backed securities: Collateralized mortgage obligations-private label 12 — ( 1 ) 11 Collateralized mortgage obligations-government sponsored entities 13,790 1 ( 1,636 ) 12,155 Government National Mortgage Association 61 — ( 2 ) 59 Federal National Mortgage Association 13,232 1 ( 1,987 ) 11,246 Federal Home Loan Mortgage Corporation 6,277 — ( 1,056 ) 5,221 Asset-backed securities-private label — 96 — 96 Asset-backed securities-government sponsored entities 4 — — 4 Total Debt Securities Available for Sale $ 86,118 $ 114 $ ( 13,193 ) $ 73,039 Equity Securities 22 — ( 14 ) 8 Total Securities $ 86,140 $ 114 $ ( 13,207 ) $ 73,047 Debt Securities All of our collateralized mortgage obligations are backed by one- to four-family residential mortgages. At December 31, 2023, no securities were pledged as collateral to the Federal Reserve Bank (“FRB”), and at December 31, 2022 thirty-eight municipal bonds with a cost of $ 14.4 million and fair value of $ 12.2 million were pledged under a collateral agreement with the FRB of New York for liquidity borrowing. In addition, at December 31, 2023 and December 31, 2022, sixteen and twenty-two municipal bonds with a cost of $ 4.9 million and $ 6.6 million and fair value of $ 3.7 million and $ 5.6 million, respectively, were pledged as collateral for customer deposits in excess of the Federal Deposit Insurance Corporation ("FDIC") insurance limits. The following table sets forth the Company’s investment in securities with gross unrealized losses of less than twelve months and gross unrealized losses of twelve months or more and associated fair values as of the dates indicated: Less than 12 months 12 months or more Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (Dollars in thousands) December 31, 2023 U.S. government agencies $ — $ — $ 1,874 $ ( 133 ) $ 1,874 $ ( 133 ) Municipal bonds 6,513 ( 1,065 ) 26,537 ( 6,659 ) 33,050 ( 7,724 ) Mortgage-backed securities 57 ( 2 ) 25,293 ( 4,055 ) 25,350 ( 4,057 ) $ 6,570 $ ( 1,067 ) $ 53,704 $ ( 10,847 ) $ 60,274 $ ( 11,914 ) December 31, 2022 U.S. government agencies $ 1,833 $ ( 175 ) $ — $ — $ 1,833 $ ( 175 ) Municipal bonds 12,227 ( 1,114 ) 23,259 ( 7,222 ) 35,486 ( 8,336 ) Mortgage-backed securities 6,981 ( 410 ) 21,561 ( 4,272 ) 28,542 ( 4,682 ) $ 21,041 $ ( 1,699 ) $ 44,820 $ ( 11,494 ) $ 65,861 $ ( 13,193 ) As of December 31, 2023, the Company’s investment portfolio included 23 securities in the “unrealized losses less than twelve months” category and 150 securities in the “unrealized losses twelve months or more” category. As of December 31, 2023, the Company determined that for its available-for-sale debt securities in an unrealized loss position, it did not intend to sell nor was it more likely than not that it would be required to sell the security and that the decline in fair value was not due to credit factors, but due to changes in interest rates and other factors. Accordingly, the Company did not record an allowance for credit losses for its available-for-sale securities as of December 31, 2023. As of December 31, 2022, the Company had the intent and ability to hold those securities in an unrealized loss position until maturity and management believed the temporary impairments were due to declines in fair value resulting from changes in interest rates and/or increased credit liquidity spreads since the securities were purchased. Therefore, under accounting principles effective at December 31, 2022, the Company did not consider these securities to have other-than-temporary impairment. The unrealized losses on debt securities shown in the previous tables were recorded as a component of other comprehensive income (loss), net of tax benefit on the Company’s consolidated statements of stockholders’ equity. During the years ended December 31, 2023 the Company sold 40 municipal bonds and 2 mortgage-backed securities resulting in gross realized losses of $ 59,000 , with an amortized cost of $ 9.8 million. During the year ended December 31, 2022, the Company did no t sell any debt securities. Scheduled contractual maturities of debt securities are as follows: Amortized Fair Cost Value (Dollars in thousands) December 31, 2023: Less than one year $ — $ — After one year through five years 2,118 1,979 After five years through ten years 9,170 8,089 After ten years 31,493 24,856 Mortgage-backed securities 29,520 25,467 Asset-backed securities 2 33 $ 72,303 $ 60,424 The Company's mortgage-backed securities and asset-backed securities have stated maturities that may differ from actual maturities due to the borrowers' ability to prepay obligations. Cash flows from such investments are dependent upon the performance of the underlying assets and are generally influenced by interest rates. In the table above, mortgage-backed securities and asset-backed securities are shown in the aggregate. Equity Securities At December 31, 2023 and 2022, equity securities consisted of 22,368 shares of Federal Home Loan Mortgage Corporation (“FHLMC”) common stock. During the years ended December 31, 2023 and 2022, the Company recognized an unrealized gain of $ 11,000 and an unrealized loss of $ 11,000 , respectively, on the equity securities, which was recorded in non-interest income in the consolidated statements of income. There were no sales of equity securities during the years ended December 31, 2023 and 2022.

Loans Receivable

Loans Receivable	12 Months Ended
	Dec. 31, 2023
Loans Receivable [Abstract]
Loans Receivable	Note 4 - Loans Receivable Loans receivable, net consists of the following: December 31, December 31, 2023 2022 (Dollars in thousands) Real Estate Loans: Residential, one- to four-family (1) $ 172,005 $ 175,904 Home Equity 51,869 53,057 Commercial (2) 316,986 326,955 Total real estate loans 540,860 555,916 Other Loans: Commercial 16,546 19,576 Consumer 1,130 1,217 Total gross loans 558,536 576,709 Net deferred loan costs 3,755 3,893 Allowance for credit losses on loans ( 6,463 ) ( 7,065 ) Loans receivable, net $ 555,828 $ 573,537 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans Residential real estate loans serviced for others by the Company totaled $ 39.0 million and $ 42.1 million at December 31, 2023 and 2022, respectively. At December 31, 2023, $ 55.8 million of one- to four-family residential real estate loans were pledged as collateral for advances from the FHLB. At December 31, 2023 and 2022, loans to related parties including officers and directors were immaterial as a percentage of our loan portfolio. The ability of the Company’s residential and consumer borrowers to honor their repayment commitments is generally dependent on the level of overall economic activity within the geographical area they reside. Commercial borrowers’ ability to repay is generally dependent upon the general health of the economy. Substantially all of the Company’s loans are in western New York State and, accordingly, the ultimate collectability of a substantial portion of the loans is susceptible to changes in market conditions in this primary market area.

Allowance for Credit Losses

Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2023
Allowance for Credit Losses [Abstract]
Allowance for Credit Losses	Note 5 - Allowance for Credit Losses Allowance for Credit Losses for Loans The Company adopted ASU 2016-13 on January 1, 2023 at which time the Company implemented the current expected credit loss model in estimating the allowance for credit losses valuation account. Adjustments to the allowance for credit losses on loans is recognized in (credit) provision for credit losses on the consolidated statements of income. As part of the CECL calculation, the loan portfolio is segmented into the following loan types by risk level: Real Estate Loans: • One- to Four-Family – are loans secured by first lien collateral on residential real estate primarily held in the Western New York region. These loans can be affected by economic conditions and the value of underlying properties. Western New York’s housing market has consistently demonstrated stability in home prices despite economic conditions. Furthermore, the Company has conservative underwriting standards and its residential lending policies and procedures verify that its one- to four-family residential mortgage loans generally conform to secondary market guidelines. • Home Equity - are loans or lines of credit secured by first or second liens on owner-occupied residential real estate primarily held in the Western New York region. These loans can also be affected by economic conditions and the values of underlying properties. Home equity loans may have increased risk of loss if the Company does not hold the first mortgage resulting in the Company being in a secondary position in the event of collateral liquidation. The Company does not originate interest only home equity loans. • Commercial Real Estate – are loans used to finance the purchase of real property, which generally consists of developed real estate that is held as first lien collateral for the loan. These loans are secured by real estate properties that are primarily held in the Western New York region. Commercial real estate lending involves additional risks compared with one- to four-family residential lending, because payments on loans secured by commercial real estate properties are often dependent on the successful operation or management of the properties, and/or the collateral value of the commercial real estate securing the loan, and repayment of such loans may be subject to adverse conditions in the real estate market or economic conditions to a greater extent than one- to four-family residential mortgage loans. Also, commercial real estate loans typically involve relatively large loan balances concentrated with single borrowers or groups of related borrowers. Other Loans: • Commercial – includes business installment loans, lines of credit, and other commercial loans. Most of our commercial loans are for terms generally not in excess of 5 years . Whenever possible, we collateralize these loans with a lien on business assets and equipment and require the personal guarantees from principals of the borrower. Commercial loans generally involve a higher degree of credit risk, as commercial loans can involve relatively large loan balances to a single borrower or groups of related borrowers, with the repayment of such loans typically dependent on the successful operation of the commercial business and the income stream of the borrower. Such risks can be significantly affected by economic conditions. Although commercial loans may be collateralized by equipment or other business assets, the liquidation of collateral in the event of a borrower default may be an insufficient source of repayment because the equipment or other business assets may be obsolete or of limited use, among other things. Accordingly, the repayment of a commercial loan depends primarily on the credit worthiness of the borrowers (and any guarantors), while liquidation of collateral is a secondary and often insufficient source of repayment. • Consumer – consist of loans secured by collateral such as an automobile or a deposit account, unsecured loans and lines of credit. Consumer loans tend to have a higher credit risk due to the loans being either unsecured or secured by rapidly depreciable assets. Furthermore, consumer loan payments are dependent on the borrower’s continuing financial stability, and therefore are more likely to be adversely affected by job loss, divorce, illness or personal bankruptcy. Included in the Real Estate Loans for one-to four-family and commercial real estate are loans to finance the construction of either a one- to four-family owner occupied home or commercial real estate. At the end of the construction period, the loan automatically converts to either a one- to four-family residential mortgage or a commercial real estate mortgage, as applicable. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the value of the property at completion compared to the actual cost of construction. The Company limits its risk during construction as disbursements are not made until the required work for each advance has been completed and an updated lien search is performed. The completion of the construction progress is verified by a Company loan officer or inspections performed by an independent appraisal firm or other third party. Construction loans also expose us to the risk of construction delays which may impair the borrower’s ability to repay the loan. The following table details the changes in the allowance for credit losses by loan segment for the year ended December 31, 2023. Real Estate Loans Other Loans One- to Four-Family (1) Home Equity Commercial Real Estate (2) Commercial Consumer Unallocated Total (Dollars in thousands) December 31, 2023 Allowance for Credit Loss: on Loans Balance - January 1, 2023 $ 411 $ 217 $ 5,746 $ 509 $ 47 $ 135 $ 7,065 Impact of adopting ASC 326 201 114 55 72 ( 25 ) ( 135 ) 282 Charge-offs ( 3 ) — — — ( 58 ) — ( 61 ) Recoveries 2 — 35 29 8 — 74 (Credit) provision ( 79 ) ( 118 ) ( 605 ) ( 139 ) 44 — ( 897 ) Balance – December 31, 2023 $ 532 $ 213 $ 5,231 $ 471 $ 16 $ — $ 6,463 Ending balance: individually evaluated $ — $ — $ — $ — $ — $ — $ — Ending balance: collectively evaluated $ 532 $ 213 $ 5,231 $ 471 $ 16 $ — $ 6,463 Gross Loans Receivable (3) : Ending balance $ 172,005 $ 51,869 $ 316,986 $ 16,546 $ 1,130 $ — $ 558,536 Ending balance: individually evaluated $ 140 $ — $ 1,242 $ — $ — $ — $ 1,382 Ending balance: collectively evaluated $ 171,865 $ 51,869 $ 315,744 $ 16,546 $ 1,130 $ — $ 557,154 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans of $ 16.4 million. (3) Gross Loans Receivable does not include allowance for credit losses of $( 6,463 ) or deferred loan costs of $ 3,755 . Prior to the adoption of ASC 326 on January 1, 2023, the Company calculated the allowance for loan losses using the incurred loss methodology. The following table summarizes the activity in the allowance for loan losses and the distribution of the allowance for loan losses and loans receivable by loan portfolio class and impairment method as of December 31, 2022: Real Estate Loans Other Loans One- to Four-Family Home Equity Commercial Real Estate (2) Commercial Consumer Unallocated Total (Dollars in thousands) December 31, 2022 Allowance for Loan Losses Balance - January 1, 2022 $ 383 $ 211 $ 4,737 $ 531 $ 32 $ 224 $ 6,118 Charge-offs — — ( 4 ) — ( 69 ) — ( 73 ) Recoveries 17 1 269 — 8 — 295 Provision (credit) 11 5 744 ( 22 ) 76 ( 89 ) 725 Balance - December 31, 2022 $ 411 $ 217 $ 5,746 $ 509 $ 47 $ 135 $ 7,065 Ending balance: individually evaluated $ — $ — $ — $ — $ — $ — $ — Ending balance: collectively evaluated $ 411 $ 217 $ 5,746 $ 509 $ 47 $ 135 $ 7,065 Gross Loans Receivable (1) : Ending balance $ 175,904 $ 53,057 $ 326,955 $ 19,576 $ 1,217 $ — $ 576,709 Ending balance: individually evaluated $ 153 $ 14 $ — $ — $ — $ — $ 167 Ending balance: collectively evaluated $ 175,751 $ 53,043 $ 326,955 $ 19,576 $ 1,217 $ — $ 576,542 (1) Gross Loans Receivable does not include allowance for loan losses of $( 7,065 ) or deferred loan costs of $ 3,893 . (2) Includes commercial construction loans of $ 22.9 million. Unfunded Loan Commitments The Company’s allowance for credit losses on unfunded loan commitments is recognized as a liability and included within other liabilities on the consolidated statements of financial condition, with adjustments to the reserve recognized in (credit) provision for credit losses on the consolidated statements of income. The Company did not record an allowance on unfunded loan commitments prior to January 1, 2023. The Company’s activity in the allowance for credit losses on unfunded loan commitments for the year ended December 31, 2023 was as follows: For the year ended December 31, 2023 (Dollars in thousands) Balance at December 31, 2022 $ — Impact of CECL Adoption 633 Provision for Credit Losses ( 146 ) Balance at December 31, 2023 $ 487 Non-accrual Loans and Delinquency Status The following table presents loans on non-accrual status, loans on non-accrual status with no allowance for credit losses recorded, and loans past due 90 days or more and still accruing by loan segment as of the periods indicated. Total Non-accrual Non-accrual with no Allowance for Credit Losses 90 Days or More Past Due and Accruing December 31, December 31, December 31, December 31, December 31, December 31, 2023 2022 2023 2022 2023 2022 (Dollars in thousands) Real Estate Loans: Residential, one- to four-family (1) $ 1,904 $ 2,295 $ 1,904 $ 2,295 $ — $ 1 Home Equity 196 602 196 602 — — Commercial Real Estate (2) 1,242 — 1,242 — — — Other Loans: Commercial — — — — — — Consumer 5 34 5 34 — — Total loans $ 3,347 $ 2,931 $ 3,347 $ 2,931 $ — $ 1 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans. There was no interest income recognized on non-accrual loans during the years ended December 31, 2023 and 2022. The accrual of interest on loans is discontinued when in management’s opinion, the borrower may be unable to meet payments as they become due. A loan does not have to be 90 days delinquent in order to be classified as non-accrual. When interest accrual is discontinued, all unpaid accrued interest is reversed. If ultimate collection of principal is in doubt, all cash receipts on non-accrual loans are applied to reduce the principal balance. The following tables provide an analysis of past due loans as of the dates indicated: 30-59 Days 60-89 Days 90 Days or More Total Past Current Total Loans Past Due Past Due Past Due Due Due Receivable (Dollars in thousands) December 31, 2023: Real Estate Loans: Residential, one- to four-family (1) $ 1,488 $ 3 $ 276 $ 1,767 $ 170,238 $ 172,005 Home equity 315 583 56 954 50,915 51,869 Commercial (2) — — 203 203 316,783 316,986 Other Loans: Commercial — — 1,039 1,039 15,507 16,546 Consumer 6 — 1 7 1,123 1,130 Total $ 1,809 $ 586 $ 1,575 $ 3,970 $ 554,566 $ 558,536 30-59 Days 60-89 Days 90 Days or More Total Past Current Total Loans Past Due Past Due Past Due Due Due Receivable (Dollars in thousands) December 31, 2022: Real Estate Loans: Residential, one- to four-family (1) $ 1,173 $ 380 $ 1,649 $ 3,202 $ 172,702 $ 175,904 Home equity 137 287 468 892 52,165 53,057 Commercial (2) — — — — 326,955 326,955 Other Loans: Commercial — — — — 19,576 19,576 Consumer 15 — 17 32 1,185 1,217 Total $ 1,325 $ 667 $ 2,134 $ 4,126 $ 572,583 $ 576,709 (1) Includes one- to four-family construction loans. (2) Includes commercial real estate construction loans. Collateral-Dependent Loans Collateral-dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the allowance for credit losses. Under CECL, for collateral-dependent loans, the Company has adopted the practical expedient to measure the allowance for credit losses based on the fair value of collateral. The allowance for credit losses is measured on an individual loan basis based on the difference between the fair value of the loan’s collateral, which is adjusted for liquidation costs, and the amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance for credit losses is required. Refer to Note 13 - Fair Value of Financial Instruments for additional information. The following table presents an analysis of the amortized cost of collateral-dependent loans of the Company as of December 31, 2023 by collateral type and loan segment: Residential Business Commercial Total Properties Assets Land Property Other Loans (Dollars in thousands) Real Estate Loans: Residential, one- to four-family $ 143 $ — $ — $ — $ — $ 143 Home Equity — — — — — — Commercial 200 — 1,026 — — 1,226 Total $ 343 $ — $ 1,026 $ — $ — $ 1,369 There was no allowance recorded on the above noted collateral-dependent loans as of December 31, 2023. Pre-Adoption of ASC 326 – Impaired Loans For periods prior to the adoption of ASC 326, a loan was considered impaired when, based on current information and events, it was probable that the Company would not be able to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting scheduled payments when due. Impairment was measured on a loan-by-loan basis for commercial real estate loans and commercial loans. Larger groups of smaller balance homogeneous loans were collectively evaluated for impairment. Accordingly, the Company did not separately identify individual consumer, home equity, or one- to four-family loans for impairment disclosure, unless they were subject to a troubled debt restructuring. The following is a summary of information pertaining to impaired loans at or for the periods indicated: Unpaid Recorded Principal Related Investment Balance Allowance At December 31, 2022 (Dollars in thousands) With no related allowance recorded: Residential, one- to four-family $ 153 $ 153 $ — Home equity 14 14 — Total impaired loans with no related allowance 167 167 — Average Interest Recorded Income Investment Recognized For the Year Ended Ended December 31, 2022 With no related allowance recorded: Residential, one- to four-family $ 231 $ 12 Home equity 21 — Commercial real estate (1) 2,440 — Total impaired loans $ 2,692 $ 12 (1) Average Commercial Real Estate loans consisted of one loan which was paid off during the year ended December 31, 2022. Credit Quality Indicators The Company’s policies provide for the classification of loans as follows: • Pass/Performing; • Special Mention – does not currently expose the Company to a sufficient degree of risk but does possess credit deficiencies or potential weaknesses deserving the Company’s close attention; • Substandard – has one or more well-defined weaknesses and are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. A substandard asset would be one inadequately protected by the current net worth and paying capacity of the obligor or pledged collateral, if applicable; • Doubtful – has all the weaknesses inherent in substandard loans with the additional characteristic that the weaknesses present make collection or liquidation in full on the basis of currently existing facts, conditions and values questionable, and there is a high possibility of loss; and • Loss – loan is considered uncollectible and continuance without the establishment of a specific valuation reserve is not warranted. Each commercial loan is individually assigned a loan classification. The Company’s consumer loans, including residential one- to four-family loans and home equity loans, are classified by using the delinquency status as the basis for classifying these loans. Generally, all consumer loans more than 90 days past due are classified and placed in non-accrual. Such loans that are well-secured and in the process of collection will remain in accrual status. Asset quality indicators for all loans and the Company’s risk rating process are reviewed on a monthly basis. Risk ratings are updated as circumstances that could affect the repayment of individual loans are brought to management’s attention through an established monitoring process. Written action plans are maintained and reviewed on a quarterly basis for all classified commercial loans. In addition to the Company’s internal process, an outsourced independent credit review function is in place for commercial loans to further assess assigned risk classifications and monitor compliance with internal lending policies and procedures. The following table presents loans by credit quality indicator by origination year at December 31, 2023: 2023 2022 2021 2020 2019 Prior Revolving Loans Total (Dollars in thousands) Residential, one-to four-family (1) : Pass $ 12,203 $ 36,103 $ 29,486 $ 17,975 $ 10,075 $ 63,928 $ — $ 169,770 Substandard — 262 39 92 270 1,572 — 2,235 Doubtful — — — — — — — — Total $ 12,203 $ 36,365 $ 29,525 $ 18,067 $ 10,345 $ 65,500 $ — $ 172,005 Current period gross chargeoffs $ — $ — $ 3 $ — $ — $ — $ — $ 3 Home Equity: Pass $ 3,660 $ 3,120 $ 102 $ 47 $ 274 $ 511 $ 43,862 $ 51,576 Substandard — — — — — — 293 293 Doubtful — — — — — — — — Total $ 3,660 $ 3,120 $ 102 $ 47 $ 274 $ 511 $ 44,155 $ 51,869 Current period gross chargeoffs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate (2) : Pass $ 15,396 $ 85,587 $ 50,797 $ 42,226 $ 38,694 $ 72,256 $ — $ 304,956 Special mention — — — 984 682 — — 1,666 Substandard — — — 1,242 5,386 3,736 — 10,364 Doubtful — — — — — — — — Total $ 15,396 $ 85,587 $ 50,797 $ 44,452 $ 44,762 $ 75,992 $ — $ 316,986 Current period gross chargeoffs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Loans: Pass $ 1,243 $ 2,591 $ 732 $ 622 $ 1,901 $ 4,997 $ — $ 12,086 Special mention — — 263 — 764 — — 1,027 Substandard — — — — 3,114 319 — 3,433 Doubtful — — — — — — — — Total $ 1,243 $ 2,591 $ 995 $ 622 $ 5,779 $ 5,316 $ — $ 16,546 Current period gross chargeoffs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Loans: Pass $ 269 $ 245 $ 79 $ 136 $ 2 $ 210 $ 184 $ 1,125 Substandard — — 2 1 — — 2 5 Doubtful — — — — — — — — Total $ 269 $ 245 $ 81 $ 137 $ 2 $ 210 $ 186 $ 1,130 Current period gross chargeoffs $ — $ 8 $ 3 $ 3 $ 4 $ — $ 40 $ 58 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans. The following table presents loans by credit quality indicator at December 31, 2022: Pass/Performing Special Mention Substandard Doubtful Loss Total (Dollars in thousands) December 31, 2022 Real Estate Loans: Residential, one- to four-family (1) $ 173,857 $ — $ 2,047 $ — $ — $ 175,904 Home equity 52,269 — 788 — — 53,057 Commercial (2) 314,218 3,272 9,465 — — 326,955 Other Loans: Commercial 14,926 1,112 3,538 — — 19,576 Consumer 1,183 — 24 — 10 1,217 Total $ 556,453 $ 4,384 $ 15,862 $ — $ 10 $ 576,709 (1) Includes one- to four- family construction loans. (2) Includes commercial construction loans. Modifications with Borrowers Experiencing Financial Difficulty : Occasionally, the Company modifies loans to borrowers in financial distress by providing modifications to loans that it would not normally grant. Such modifications could include principal forgiveness, term extension, a significant payment delay, an interest rate reduction or the addition of a co-borrower or guarantor. When principal forgiveness is provided, the amount of the forgiveness is charged-off against the allowance for credit losses. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses, a change to the allowance for credit losses is generally not recorded upon modification. In some cases, the Company provides multiple types of modifications on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another modification may be granted, such as principal forgiveness. The following table presents the amortized cost basis of loans at December 31, 2023 that were experiencing financial difficulty and were modified during the year ended December 31, 2023, by loan class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivables is also presented. Principal Forgiveness Payment Delay Term Extension Interest Rate Reduction Add Co-Borrower/ Combination Term Extension and Add Co-Borrower Percentage of Total Class of Financing Receivable (Dollars in thousands) Real Estate Loans Commercial real estate $ — $ — $ — $ — $ 4,859 $ — 1.53 % Other loans Commercial — — — — — 1,046 6.24 % Total $ — $ — $ — $ — $ 4,859 $ 1,046 The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension and Added Co-Borrower Loan Type Financial Effect Commercial Real Estate Added a co-borrower with financial ability to strengthen the credit risk related to this particular loans. No other modification was made to this loan that had a financial effect on the borrower(s). Other - Commercial Added a weighted-average of 5 years to the life of the loans, which reduced the monthly payment amount for the borrowers. Added a co-borrower with financial ability to strengthen the credit risk related to these particular loans. There were no modified loans past due or on non-accrual as of December 31, 2023. There were no modified loans made during the year ended December 31, 2023 that subsequently defaulted. The Company has not committed to lending additional amounts to the borrowers included in the previous tables. Foreclosed real estate consists of property acquired in settlement of loans which is carried at its fair value less estimated selling costs. Write-downs from cost to fair value less estimated selling costs are recorded at the date of acquisition or repossession and are charged to the allowance for credit losses. Foreclosed real estate was $ 34,000 and $ 95,000 at December 31, 2023 and December 31, 2022, respectively, and was included as a component of other assets on the consolidated statements of financial condition. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction was $ 158,000 at December 31, 2023 and $ 1.8 million at December 31, 2022.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Premises and Equipment [Abstract]
Premises and Equipment	Note 6- Premises and Equipment Premises and equipment consist of the following: December 31, 2023 2022 (Dollars in thousands) Land $ 1,210 $ 1,209 Buildings and improvements 13,186 13,130 Furniture and equipment 7,596 7,306 Premises and equipment, gross 21,992 21,645 Accumulated depreciation ( 14,122 ) ( 13,359 ) Premises and equipment, net $ 7,870 $ 8,286 Depreciation and amortization of premises and equipment amounted to $ 807,000 , and $ 856,000 for the years ended December 31, 2023 and 2022, respectively, and is included in occupancy and equipment expense in the accompanying consolidated statements of income.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Deposits	Note 7 - Deposits Deposits consist of the following at the dates indicated: December 31, 2023 2022 Weighted Weighted Average Average Amount Rate Amount Rate (Dollars in thousands) Demand deposits: Non-interest bearing $ 95,186 — % $ 105,678 — % Interest bearing 72,966 0.10 85,033 0.10 Money market accounts 137,374 2.75 149,250 0.58 Savings accounts 64,584 0.07 77,200 0.05 Time deposits 220,814 3.93 152,958 1.59 $ 590,924 2.13 % $ 570,119 0.60 % Scheduled maturities of time deposits at December 31, 2023 were as follows (dollars in thousands): 2024 $ 150,502 2025 58,883 2026 3,874 2027 4,810 2028 2,745 Thereafter — $ 220,814 Time deposit accounts with balances in excess of $250,000 amounted to $ 38.4 million and $ 28.3 million at December 31, 2023 and 2022, respectively. Interest expense on deposits was as follows: Years Ended December 31, 2023 2022 (Dollars in thousands) Interest bearing checking accounts $ 75 $ 78 Money market accounts 1,914 486 Savings accounts 47 41 Time deposits 6,033 1,210 $ 8,069 $ 1,815 At December 31, 2023 and 2022, deposits of directors, executive officers and their affiliates totaled $ 2.0 million and $ 11.3 million, respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Borrowings [Abstract]
Borrowings	Note 8 - Borrowings At December 31, 2023, the Company had written agreements with the Federal Home Loan Bank of New York (“FHLBNY”), which allows it to borrow up to the maximum lending values designated by the type of collateral pledged. As of December 31, 2023 and 2022, our maximum lending value was $ 36.8 million and $ 116.1 million, respectively, and was collateralized by a pledge of certain, fixed-rate residential, one- to four-family loans. At December 31, 2023 we had advances outstanding under this agreement of $ 35.3 million, which consisted of long-term debt at fixed rates. At December 31, 2022 we had advances outstanding under this agreement of $ 37.5 million, which consisted of short-term borrowings and long-term debt at fixed rates. At December 31, 2023, the Company had no short-term borrowings from the FHLBNY. At December 31, 2022 the Company had short-term borrowings of $ 12.6 million, and had fixed rates of interest ranging from 4.57 % to 4.61 % and matured within one to three weeks. The weighted average interest rate was 4.59 % as of December 31, 2022. At December 31, 2023 and 2022, the Company had long-term debt outstanding under the written agreement with the FHLBNY of $ 35.3 million and $ 25.0 million, respectively. All of the advances outstanding at December 31, 2023 and 2022 were term borrowings with initial terms of one to five years at fixed rates of interest ranging from 1.70 % to 5.20 %. As of December 31, 2023 and 2022, the weighted average interest rate was 3.41 % and 2.24 %, respectively. We have a written agreement with the FRB discount window for overnight borrowings which is collateralized by a pledge of our securities, and allows us to borrow up to the value of the securities pledged. At December 31, 2023 there were no securities pledged to the FRB. At December 31, 2022 securities pledged to the FRB discount window was equal to a book value of $ 14.4 million and fair value of $ 12.2 million. There were no balances outstanding with the FRB as of December 31, 2023 and 2022. The Company has also established lines of credit with other correspondent banks, totaling $ 27.0 million, of which $ 25.0 million is unsecured and the remaining $ 2.0 million is secured by a pledge of the Company’s securities when a draw is made. The lines of credit provide for overnight borrowings through the purchase of Federal Funds, at an interest rate equal to the Federal Funds rate plus a spread. At December 31, 2023 and 2022, there were no balances outstanding on these lines of credit. Long-term debt from the FHLBNY and related contractual maturities consisted of the following: At December 31, 2023 At December 31, 2022 Maturity Amount Weighted Average Amount Weighted Average (Dollars in thousands) In one year $ 25,000 3.28 % $ 4,950 2.31 % In two years 8,250 3.79 % 15,000 2.01 % In three years 1,000 3.49 % 3,000 2.44 % In four years 1,000 3.49 % 1,000 3.49 % In five years — — % 1,000 3.49 % $ 35,250 3.41 % $ 24,950 2.24 %

Lease Obligations

Lease Obligations	12 Months Ended
	Dec. 31, 2023
Lease Obligations [Abstract]
Lease Obligations	Note 9 - Lease Obligations The Company leases certain branch offices under operating or finance leases. Certain lease arrangements contain extension options which are typically for 5 years at the then fair market rental rates. As these extension options are not generally considered reasonably certain of exercise, they are not included in the lease term. As of December 31, 2023 and 2022, two of the Company’s branch offices were under an operating lease and the Company’s operating lease ROU assets were $ 231,000 and $ 373,000 , respectively, and its lease liabilities were $ 242,000 and $ 390,000 , respectively. The ROU assets are recorded under other assets and the lease liabilities are recorded under other liabilities on the consolidated statements of financial condition. Operating lease costs that were recorded in occupancy and equipment expense on the consolidated statements of income for each of the years ended December 31, 2023 and 2022 were $ 150,000 . The table below summarizes information related to our lease liabilities at or for the years ended December 31, 2023 and 2022: For the Years Ended December 31, (in thousands, except for percent and period data) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 157 $ 157 Operating cash flows from finance leases 51 57 Financing cash flows from finance leases 81 69 Weighted-average remaining lease term, operating leases, in years 1.6 2.6 Weighted-average discount rate – operating leases 2.61 % 2.61 % The Company has one long-term finance lease agreement for a branch location and the outstanding balance of the finance lease (included in other liabilities) at December 31, 2023 and 2022 was $ 475,000 and $ 554,000 , respectively, with a weighted-average discount rate of 9.22 %. The remaining term of this lease is 4.5 years. The asset related to this finance lease is included in premises and equipment and consists of the cost of $ 1.1 million less accumulated depreciation of $ 756,000 and $ 714,000 at December 31, 2023 and 2022, respectively. The table below summarizes the maturity of remaining lease liabilities as of December 31, 2023: Operating Finance Leases Lease (Dollars in thousands) 2024 $ 157 $ 136 2025 90 136 2026 — 136 2027 — 136 2028 — 56 2028 and thereafter — — Total Lease Payments $ 247 $ 600 Less: Amounts representing interest ( 5 ) ( 125 ) Present value of lease liabilities $ 242 $ 475

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Income Taxes	Note 10 - Income Taxes The Company’s deferred federal and state income tax and related valuation accounts represent the estimated impact of temporary differences between how we recognize our assets and liabilities under GAAP and how such assets and liabilities are recognized under federal and state tax law. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates which will be in effect when these differences are expected to be recovered or settled. The provision for income tax expense consists of the following: Years Ended December 31, 2023 2022 (Dollars in thousands) Current: Federal $ 1,377 $ 1,343 State 5 6 Total Current 1,382 1,349 Deferred: Federal 17 ( 187 ) State — — Total Deferred 17 ( 187 ) Total Income Tax Expense $ 1,399 $ 1,162 A reconciliation of the statutory federal income tax at a rate of 21 % for the years ended December 31, 2023 and 2022 to the income tax expense included in the consolidated statements of income is as follows: Years Ended December 31, 2023 2022 Federal income tax at statutory rate 21.0 % 21.0 % State benefit, net of federal expense ( 1.3 ) ( 0.6 ) Tax-exempt interest income ( 3.3 ) ( 3.6 ) Deferred tax valuation allowance 1.3 0.6 Life insurance income 3.5 ( 1.0 ) Other 1.3 0.5 Total Income Tax Expense 22.5 % 16.9 % The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities are as follows: December 31, 2023 2022 (Dollars in thousands) Deferred tax assets: Unrealized losses on securities available for sale $ 3,075 $ 3,372 Allowance for credit loss 1,798 1,822 Deferred compensation 1,460 1,370 Net operating loss ("NOL") 153 62 Impairment of equity investments 129 129 Accrued expenses 84 121 Right of use liability 48 80 Stock options granted 16 21 Other 13 18 Total Deferred Tax Assets 6,776 6,995 Deferred tax liabilities: Deferred loan origination costs ( 972 ) ( 1,004 ) Depreciation ( 576 ) ( 598 ) Prepaid expenses ( 36 ) ( 97 ) Right of use asset ( 49 ) ( 78 ) Other ( 49 ) ( 123 ) Total Deferred Tax Liabilities ( 1,682 ) ( 1,900 ) Deferred tax valuation allowance ( 1,203 ) ( 1,126 ) Net Deferred Tax Asset $ 3,891 $ 3,969 The net deferred tax asset was recorded in other assets on the consolidated statements of financial condition at December 31, 2023 and 2022. In assessing the ability of the Company to realize the benefit of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, availability of operating loss carry-backs, projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods which deferred tax assets are deductible, management believes it is more likely than not the Company will generate sufficient taxable income to realize the benefits of these deductible differences at December 31, 2023, except for the following: • Valuation allowance of $ 129,000 on the deferred tax asset for the 2011 other than temporary impairment charge; and • Valuation allowance of $ 1,074,000 on state deferred tax assets with anticipated net operating loss expiration dates of 2035 through 2043, as well as unrealized losses on securities available for sale. Management believes that the Company will not generate sufficient income of the appropriate character (i.e. capital gains) to utilize any of the deferred tax asset created by the 2011 other than temporary impairment charge. Management believes that it is more likely than not that the Company will not realize its state deferred tax assets because of reform in New York State corporate tax law. Beginning in 2015, the most significant change in the tax law allows the Company to deduct up to 50 % of its net interest income received from qualifying loans. This change effectively eliminates the Company’s New York State tax on income resulting in the Company being taxed on its apportioned capital. Because of this tax reform, the Company will not generate sufficient taxable income within New York State to realize its existing state deferred tax assets. There was a $ 77,000 increase in the deferred tax valuation recorded during 2023 and a $ 674,000 increase in the deferred tax valuation recorded during 2022. Under prior federal law, tax bad debt reserves created prior to January 1, 1998 were subject to recapture into taxable income should the Company fail to meet certain qualifying asset and definition tests. The 1996 federal legislation eliminated these thrift related recapture rules. However, under current law, pre-1988 reserves remain subject to recapture should the Company make certain non-dividend distributions or cease to maintain a thrift or bank charter. Management has no intention of taking any such actions. At December 31, 2023 and 2022, the Company’s total pre-1988 tax bad debt reserve was $ 2.2 million. This reserve reflects the cumulative effect of federal tax deductions by the Company for which no federal income tax provision has been made. Current income tax guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company recognized no adjustment for unrecognized income tax benefits for the years ended December 31, 2023 and 2022. As of December 31, 2023, there has been no material change in any uncertain tax position. The Company’s policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense in the consolidated statements of income. The Company’s Federal and New York State tax returns, constituting the returns of the major taxing jurisdictions, are subject to examination by the taxing authorities for all open years as prescribed by applicable statute. No waivers have been executed that would extend the period subject to examination beyond the period prescribed by statute. The federal tax returns for the years ended December 31, 2020 , 2021 , 2022 , and 2023 remain subject to examination by the IRS. The state tax returns for the years ended December 31, 2020 , 2021 , 2022 , and 2023 for New York State remains subject to examination.

Employee and Director Benefit P

Employee and Director Benefit Plans	12 Months Ended
	Dec. 31, 2023
Employee and Director Benefit Plans [Abstract]
Employee and Director Benefit Plans	Note 11 - Employee and Director Benefit Plans 401K Plan The Company maintains a 401(k) savings plan covering employees who have completed three months of service and attained age 21. Participants may make contributions to the 401(k) Plan in the form of salary deferrals of up to 75 % of their total compensation subject to certain IRS limitations. The plan consists of three components: 401(k), Profit Sharing and Safe Harbor. For the 401(k) component, the Company makes a matching contribution equal to 40 % of the participant salary deferral, up to 6 % of such employee’s compensation after one year of service. For the profit sharing component, the Company makes a discretionary contribution, up to 5.1 % of an eligible employee’s salary, depending on years of service. Lastly, the Company contributes 3.4 % of an eligible employee’s salary based on years of service, which is a discretionary contribution to the Safe Harbor component of the plan. The Company’s expense for all three components of the 401(k) plan for the years ended December 31, 2023 and 2022 was $ 452,000 and $ 527,000 , respectively. 1999 Supplemental Benefit Plans Effective October 1, 1999, the Company initiated a non-qualified Executive Supplemental Benefit Plan and a non-qualified Directors Supplemental Benefit Plan (the “1999 Plans”). Both plans are unfunded and provide a predefined annual benefit to be paid to executives and directors for fifteen years upon their retirement. The Company can set aside assets to fund the liability which will be subject to claims of the Company’s creditors upon liquidation of the Company. Annual benefits increase at a predetermined amount until the executive or director reaches a predetermined retirement age. Predefined benefits are 100% vested at all times and in the event of death, are guaranteed to continue at the full amount to their designated beneficiaries. The Company had a liability under the 1999 Plans of $ 324,000 and $ 453,000 at December 31, 2023 and 2022, respectively. This liability was included in other liabilities on the consolidated statements of financial condition and was calculated using an assumed discount rate of 6.17 % in 2023 and 2022. The Company’s expense for the 1999 Plans was $ 23,000 and $ 35,000 for the years ended December 31, 2023 and 2022, respectively. 2001 and 2012 Supplemental Benefit Plans Effective October 1, 2001, the Company initiated a non-qualified Executive Supplemental Benefit Plan and a non-qualified Director’s Supplemental Benefit Plan (collectively, the “2001 Plans”). The Company amended and restated the 2001 Plans effective November 1, 2015. Effective January 27, 2016, the Company amended the 2001 Supplemental Benefit Plan for Directors, resulting in a change to the benefit formula from a fixed, pre-determined dollar benefit. The formula provides a benefit equal to a percentage of the director’s average pay. The average pay is multiplied by number of years of service, not to exceed 20 years of service or 40 % of average final pay. The benefit is payable over a period of fifteen years beginning the month following age 72, unless termination occurs due to disability, death or a change in control. Effective May 18, 2016, the Company amended the 2001 Supplemental Benefit Plan for Executives resulting in a change in the benefit formula from a fixed, pre-determined dollar benefit to a formula-based benefit. The formula provides a benefit equal to a percentage of the executive’s average pay. The average pay is multiplied by number of years of service, not to exceed 20 years of service or 40 % of average final pay. A reduced benefit is payable if a termination of service occurs prior to age 65. The benefit is payable over a period of fifteen years beginning the month following age 65, unless termination occurs due to disability, death or a change in control. The 2001 Plans are unfunded. The Company had a liability under these plans of $ 2.8 million and $ 2.6 million at December 31, 2023 and 2022, respectively. This liability was included in other liabilities on the consolidated statements of financial condition and was calculated using an assumed discount rate of 6.17 % in 2023 and 2022. Effective June 30, 2012, the Company implemented a Supplemental Executive Benefit Plan (the “2012 Plan”) with one executive. The 2012 Plan provides that when the executive attains age 67 , the executive will be entitled to a fixed, pre-determined annual benefit under the 2012 Plan, which will be paid in monthly installments for 15 years. The 2012 Plan was amended on May 18, 2016 to update the fixed, pre-determined annual benefit amount. The 2012 Plan provides for a reduced benefit in the event the executive terminates his employment for a reason other than death, disability, cause or a change in control, before the executive attains the age 67 , which will be paid in monthly installments for 15 years. In the event of death, the vested benefit is payable to the beneficiary as a lump sum payment. The Company had a liability under this plan of $ 1.6 million and $ 1.3 million as of December 31, 2023 and 2022, respectively. This liability was included in other liabilities on the consolidated statements of financial condition and was calculated using an assumed discount rate of 5.12 % in 2023 and 2022. Under the 2001 Plans and the 2012 Plan, the Company can set aside assets to fund the liability which will be subject to claims of the Company’s creditors upon liquidation of the Company. The Company’s expense for the 2001 and 2012 Plans was $ 819,000 and $ 567,000 for the years ended December 31, 2023 and 2022, respectively. 2018 Retention Agreement Effective March 29, 2018, the Company entered into a retention agreement with one executive. The agreement provides that the executive will receive a payment of $ 1.4 million (the "Normal Retention Payment") provided that the executive remains continuously employed with the Bank through March 29, 2028 (the "Retention Date"). The Normal Retention Payment will be paid in three equal installments on March 29, 2028, January 2, 2029, and January 2, 2030. If the executive's employment is terminated without cause or for good reason (as defined in the agreement) prior to the Retention Date, the executive will receive the vested account balance as set forth in the agreement. In the event that the executive's employment terminates prior to the Retention Date due to death or disability, the executive or his beneficiary, as applicable, will generally receive the vested account balance. If the executive's employment is terminated prior to the Retention Date, and within two years of a change in control (as defined in the agreement), the executive will receive the Normal Retention Payment in a lump sum payment. The Company has a liability under this plan of $ 627,000 and $ 492,000 as of December 31, 2023 and 2022, respectively. This liability was included in other liabilities on the consolidated statements of financial condition and was calculated using an assumed discount rate of 5.12 % in 2023 and 2022. The Company’s expense for the 2018 Plan was $ 135,000 and $ 122,000 for the years ended December 31, 2023 and 2022, respectively. The Company has purchased bank owned life insurance for the purpose of funding the liabilities related to the 1999 Supplemental Benefit Plans, the 2001 and 2012 Supplemental Benefit Plans, and the 2018 Retention Agreement. The cash surrender value of such bank owned life insurance amounted to $ 29.4 million at December 31, 2023 and $ 23.2 million at December 31, 2022.

Stock-based Compensation

Stock-based Compensation	12 Months Ended
	Dec. 31, 2023
Stock-based Compensation [Abstract]
Stock-based Compensation	Note 12 – Stock-based Compensation As of December 31, 2023, the Company had three active stock-based compensation plans, which are described below. The compensation cost that has been recorded under salary and benefits expense in the non-interest expense section of the consolidated statements of income for these plans was $ 103,000 and $ 335,000 for the years ended December 31, 2023 and 2022. 2006 Stock Option Plan The Company’s 2006 Stock Option Plan (the “Stock Option Plan”), which was approved by the Company’s stockholders, permitted the grant of options to its employees and non-employee directors for up to 297,562 shares of common stock. The Stock Option Plan expired on October 24, 2016 , and grants of options can no longer be awarded. Both incentive stock options and non-qualified stock options have been granted under the Stock Option Plan. The exercise price of each stock option equals the market price of the Company’s common stock on the date of grant and an option’s maximum term is ten years . The stock options generally vest over a five year period. A summary of the status of the Stock Option Plan during the year ended December 31, 2023 and 2022 is presented below: 2023 2022 Options Weighted Average Exercise Price Remaining Contractual Life Options Weighted Average Exercise Price Remaining Contractual Life Outstanding at beginning of year 58,857 $ 14.38 64,548 $ 14.38 Granted — — — — Exercised — — — — Forfeited — — ( 5,691 ) $ 14.38 Outstanding at end of period 58,857 $ 14.38 2.8 years 58,857 $ 14.38 3.8 years Options exercisable at end of period 58,857 $ 14.38 2.8 years 58,857 $ 14.38 3.8 years Fair value of options granted — — — $ — At December 31, 2023, stock options had no intrinsic value and there were no remaining options available for grant under the Stock Option Plan. At December 31, 2023 all compensation cost and expense related to the Stock Option Plan has been recognized in prior periods. 2012 Equity Incentive Plan The Company’s 2012 Equity Incentive Plan (the “EIP”), which was approved by the Company’s stockholders on May 23, 2012, authorizes the issuance of up to 180,000 shares of common stock pursuant to grants of restricted stock awards and up to 20,000 shares of common stock pursuant to grants of incentive stock options and non-qualified stock options, subject to permitted adjustments for certain corporate transactions. Employees and non-employee directors of Lake Shore Bancorp or its subsidiaries are eligible to receive awards under the EIP, except that non-employee directors may not be granted incentive stock options. The Board of Directors granted restricted stock awards under the EIP during 2023 as follows: Grant Date Number of Restricted Stock Awards Vesting Fair Value per Share of Award on Grant Date Awardees January 17, 2023 2,709 100 % on January 17, 2024 $ 12.92 Non-employee directors January 18, 2023 4,573 100 % on January 18, 2024 $ 12.90 Non-employee directors January 18, 2023 1,000 20 % per year with first vesting date on January 18, 2024 $ 12.90 Employees A summary of the status of unvested restricted stock awards under the EIP for the years ended December 31, 2023 and 2022 is as follows: At December 31, 2023 Weighted Average Grant Price (per Share) At December 31, 2022 Weighted Average Grant Price (per Share) Unvested shares outstanding at beginning of year 43,866 $ 15.02 29,495 $ 15.24 Granted 8,282 12.91 29,132 14.81 Vested ( 11,734 ) 15.39 ( 4,145 ) 15.00 Forfeited ( 22,296 ) 14.93 ( 10,616 ) 15.07 Unvested shares outstanding at end of period 18,118 $ 13.91 43,866 $ 15.02 As of December 31, 2023, there were 109,620 shares of restricted stock vested or distributed to eligible participants under the EIP and 52,261 remaining shares available for grant. Compensation expense related to restricted stock awards under the EIP amounted to $ 17,000 and $ 225,000 for the years ended December 31, 2023 and 2022, respectively. At December 31, 2023, $ 60,000 of unrecognized compensation cost related to unvested restricted stock awards is expected to be recognized over a period of 10.2 months. A summary of the status of stock options under the EIP for the years ended December 31, 2023 and 2022 is as follows: 2023 2022 Options Exercise Price Remaining Contractual Life Options Exercise Price Remaining Contractual Life Outstanding at beginning of year 20,000 $ 14.38 20,000 $ 14.38 Granted — — — — Exercised — — — — Forfeited — — — — Expired ( 6,899 ) $ 14.38 Outstanding at end of period 13,101 2.8 years 20,000 $ 14.38 3.8 years Options exercisable at end of period 13,101 $ 14.38 2.8 years 20,000 $ 14.38 3.8 years Fair value of options granted — — — — At December 31, 2023, stock options outstanding had no intrinsic value and there were 6,899 remaining options available for grant under the EIP. At December 31, 2023, all compensation cost and expense related to the stock options granted under the EIP has been recognized in prior periods. Employee Stock Ownership Plan (“ESOP”) The Company established the ESOP for the benefit of eligible employees of the Company and Bank. All Company and Bank employees meeting certain age and service requirements are eligible to participate in the ESOP. Participants’ benefits become fully vested after five years of service once the employee is eligible to participate in the ESOP. The Company utilized $ 2.6 million of the proceeds of its 2006 stock offering to extend a loan to the ESOP and the ESOP used such proceeds to purchase 238,050 shares of stock on the open market at an average price of $ 10.70 per share, plus commission expenses. As a result of the purchase of shares by the ESOP, total stockholders’ equity of the Company was reduced by $ 2.6 million. As of December 31, 2023, the balance of the loan to the ESOP was $ 1.3 million and the fair value of unallocated shares was $ 1.1 million. As of December 31, 2023, there were 74,895 allocated shares and 103,153 unallocated shares compared to 83,467 allocated shares and 103,153 unallocated shares at December 31, 2022. The ESOP compensation expense was $ 86,000 for the year ended December 31, 2023 and $ 110,000 for the year ended December 31, 2022 based on 7,935 shares earned in each of those years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 13 - Fair Value of Financial Instruments Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of December 31, 2023 and 2022 and have not been re-evaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. The estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported here. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities measurements (Level 1) and the lowest priority to unobservable input measurements (Level 3). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date. Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3: Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s consolidated statements of financial condition contains investment securities and derivative instruments that are recorded at fair value on a recurring basis. For financial instruments measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2023 and 2022 were as follows: Fair Value Measurements at December 31, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Measured at fair value on a recurring basis: Securities: Debt Securities U.S. government agencies $ 1,874 $ — $ 1,874 $ — Municipal bonds 33,050 — 33,050 — Mortgage-backed securities: Collateralized mortgage obligations-private label 10 — 10 — Collateralized mortgage obligations-government 10,400 — 10,400 — Government National Mortgage Association 55 — 55 — Federal National Mortgage Association 10,189 — 10,189 — Federal Home Loan Mortgage Corporation 4,813 — 4,813 — Asset-backed securities: Private label 31 — 31 — Government sponsored entities 2 — 2 — Total Debt Securities $ 60,424 $ — $ 60,424 $ — Equity securities 18 18 — — Total Securities $ 60,442 $ 18 $ 60,424 $ — Fair Value Measurements at December 31, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Measured at fair value on a recurring basis: Securities: Debt Securities U.S. government agencies $ 1,833 $ — $ 1,833 $ — Municipal bonds 42,414 — 42,414 — Mortgage-backed securities: Collateralized mortgage obligations-private label 11 — 11 — Collateralized mortgage obligations-government 12,155 — 12,155 — Government National Mortgage Association 59 — 59 — Federal National Mortgage Association 11,246 — 11,246 — Federal Home Loan Mortgage Corporation 5,221 — 5,221 — Asset-backed securities: Private label 96 — 96 — Government sponsored entities 4 — 4 — Total Debt Securities $ 73,039 $ — $ 73,039 $ — Equity securities 8 8 — — Total Securities $ 73,047 $ 8 $ 73,039 $ — Interest Rate Swap (1) $ 273 $ — $ 273 $ — (1) Included in Other Liabilities on the consolidated statements of financial condition. Level 2 inputs for assets or liabilities measured at fair value on a recurring basis might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment projections, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means. The following is a description of valuation methodologies used for financial assets recorded at fair value on a recurring basis: • Investment securities - the fair values are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1) or matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted prices. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution date, market consensus prepayment projections, credit information, and the security’ terms and conditions, among other things. Level 2 securities which are fixed income instruments that are not quoted on an exchange, but are traded in active markets, are valued using prices obtained from our custodian, who use third party data service providers. • Interest Rate Swap – the fair value is based on a discounted cash flow model. The model’s key assumptions include the contractual term of the derivative contract, including the period to maturity, and the use of observable market based inputs, such as interest rates, yield curves, nonperformance risk and implied volatility. In addition to disclosure of the fair value of assets on a recurring basis, GAAP requires disclosures for assets and liabilities measured at fair value on a non-recurring basis. The following is a description of the valuation methods used for assets measured at fair value on a non-recurring basis. Collateral-Dependent Loans . Loans for which repayment is substantially expected to be provided through the operations or sale of collateral are considered collateral dependent. They are held at the lower of cost or fair value, and are considered to be measured at fair value when recorded below cost. Collateral-dependent loans are valued based on the estimated fair value of the collateral, less estimated costs to sell at the reporting date, based on either a recent appraisal or discounted cash flows based on market conditions. Accordingly, collateral-dependent loans are classified within Level 3 of the fair value hierarchy. Foreclosed Real Estate and Repossessed Assets . Foreclosed real estate and repossessed assets are held at the lower of cost or fair value and are considered to be measured at fair value when recorded below cost. The fair value of foreclosed real estate is calculated using independent appraisals, less estimated selling costs. Certain repossessed assets may require assumptions about factors that are not observable in an active market when determining fair value. Accordingly, foreclosed real estate and repossessed assets are classified within Level 3 of the fair value hierarchy. Foreclosed real estate was $ 34,000 and $ 95,000 at December 31, 2023 and December 31, 2022 and was included as a component of other assets on the consolidated statements of financial condition. Mortgage Servicing Right s. Mortgage servicing rights do not trade in an active market with readily observable market data. As a result, the Company estimates the fair value of loan servicing rights by using a discounted cash flow model to calculate the present value of estimated future net servicing income. The key assumptions used in the model include the estimated life of loans sold with servicing retained and the estimated cost to service the loans. Loan servicing rights are classified as Level 3 measurements due to the use of unobservable inputs, as well as management judgment and estimation. For assets measured at fair value on a non-recurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2023 and 2022 were as follows: Fair Value Measurements Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Measured at fair value on a non-recurring basis: At December 31, 2023 Collateral-dependent loans $ 1,369 $ — $ — $ 1,369 Foreclosed real estate 34 — — 34 Mortgage servicing rights 191 — — 191 At December 31, 2022 Mortgage servicing rights 209 — — 209 The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Estimate Valuation Technique Unobservable Input Range Weighted Average At December 31, 2023 Collateral-dependent loans $ 1,369 Appraisal of collateral (1) Direct Disposal Costs (2) 8.00 - 10.00 % 9.75 % Foreclosed real estate 34 Appraisal of collateral (1) Direct Disposal Costs (2) 8.00 % 8.00 % Mortgage servicing rights 191 Discounted Cash Flow Model (3) Servicing Fees 0.25 % 0.25 % Servicing Costs 0.09 % 0.09 % Estimated Life of Loans 5.32 years 5.32 years At December 31, 2022 Mortgage servicing rights 209 Discounted Cash Flow Model (3) Servicing Fees 0.25 % 0.25 % Servicing Costs 0.15 % 0.15 % Estimated Life of Loans 5.0 years 5.0 years (1) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. (2) The fair value basis of collateral-dependent loans and foreclosed real estate may be adjusted to reflect management estimates of disposal costs including, but not necessarily limited to, real estate brokerage commissions, legal fees, and delinquent property taxes. (3) The fair value is based on a discounted cash flow model. The model’s key assumptions are the estimated life of loans sold with servicing retained and the estimated cost to service the loan. The carrying amount and estimated fair value of the Company’s financial instruments, whether carried at cost or fair value, are as follows: Fair Value Measurements at December 31, 2023 Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Financial assets: Cash and cash equivalents $ 53,730 $ 53,730 $ 53,730 $ — $ — Securities 60,442 60,442 18 60,424 — Federal Home Loan Bank stock 2,293 2,293 — 2,293 — Loans receivable, net 555,828 530,735 — — 530,735 Accrued interest receivable 2,835 2,835 — 2,835 — Bank-owned life insurance 29,355 29,355 — 29,355 — Mortgage servicing rights 191 191 — — 191 Financial liabilities: Deposits 590,924 589,243 — 589,243 — Long-term debt 35,250 34,757 — 34,757 — Accrued interest payable 829 829 — 829 — Fair Value Measurements at December 31, 2022 Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Financial assets: Cash and cash equivalents $ 9,633 $ 9,633 $ 9,633 $ — $ — Securities 73,047 73,047 8 73,039 — Federal Home Loan Bank stock 2,330 2,330 — 2,330 — Loans receivable, net 573,537 546,278 — — 546,278 Accrued interest receivable 2,796 2,796 2,796 Interest rate swap 273 273 — 273 — Mortgage servicing rights 209 209 — — 209 Financial liabilities: Deposits 570,119 571,521 — 571,521 — Short-term borrowings 12,596 12,596 — 12,596 — Long-term debt 24,950 23,946 — 23,946 — Accrued interest payable 66 66 — 66 —

Regulatory Capital Requirements

Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2023
Regulatory Capital Requirements [Abstract]
Regulatory Capital Requirements	Note 14 - Regulatory Capital Requirements The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. The Company is exempt from consolidated capital requirements as those requirements do not apply to certain small savings and loan holding companies or bank holding companies with consolidated assets under $3 billion. As a result of the Economic Growth, Regulatory Relief, and Consumer Act, the federal banking agencies have developed a minimum “Community Bank Leverage Ratio” (bank’s tier 1 capital to average total consolidated assets) for financial institutions with assets of less than $10 billion and limited amounts of off-balance-sheet exposures and trading assets and liabilities. A “qualifying community bank” may elect to utilize the Community Bank Leverage Ratio (“CBLR”) in lieu of the general applicable risk-based capital requirements under Basel III. If the community bank’s capital levels exceed the CBLR it will be deemed to be in compliance with all other capital and leverage requirements, including the capital requirements to be considered “well capitalized” under Basel III. The federal banking agencies may consider a financial institution’s risk profile when evaluating whether it qualifies as a community bank for purposes of the capital ratio requirement. The federal banking agencies set the minimum CBLR at 9.00 %. The Bank elected to be subject to the CBLR when it became effective on January 1, 2020. As of December 31, 2023 and 2022, the Bank was considered a “qualifying community bank” and its CBLR was 12.68 % and 12.40 %, respectively, so it was deemed to be in compliance with all other capital and leverage requirements, including the capital requirements to be considered “well capitalized” under Prompt Corrective Action statutes. Following is a reconciliation of the Bank’s GAAP capital to regulatory Tier 1 and CET 1 capital for December 31, 2023 and 2022: December 31, 2023 2022 (Dollars in thousands) GAAP (Equity) Capital: $ 82,487 $ 77,051 Plus: Unrealized losses on available-for-sale debt securities, net of tax 9,385 10,332 Tier 1 Capital and CET 1 Capital $ 91,872 $ 87,383 Pursuant to an Individual Minimum Capital Requirement, the Bank has been directed by the OCC to maintain a Tier 1 Leverage capital ratio of 10 % and a Total Risk-Based capital ratio of 13 %. In order to be considered “well-capitalized” by the OCC, a savings bank must maintain a Tier 1 Leverage capital ratio of 5 % and a Total Risk-Based capital ratio of 10 %. At December 31, 2023, the Bank’s Tier 1 Leverage capital ratio was 12.68 % and its Total Risk-Based capital ratio was 17.77 % and accordingly the Bank was in compliance with its Individual Minimum Capital Requirement and was considered well-capitalized.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2023
Earnings per Share [Abstract]
Earnings per Share	Note 15 – Earnings per Share Earnings per share was calculated for the years ended December 31, 2023 and 2022, respectively. Basic earnings per share is based upon the weighted average number of common shares outstanding, exclusive of unearned shares held by the ESOP, RRP and EIP. Diluted earnings per share is based upon the weighted average number of common shares outstanding and common share equivalents that would arise from the exercise of dilutive securities. Stock options are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent they would be dilutive and computed using the treasury stock method. The calculated basic and diluted earnings per share are as follows: Years Ended December 31, 2023 2022 Numerator – net income $ 4,820,000 $ 5,708,000 Denominator: Basic weighted average shares outstanding 5,855,505 5,879,438 Increase in weighted average shares outstanding due to: Stock options (1) — — Diluted weighted average shares outstanding (1) 5,855,505 5,879,438 Earnings per share: Basic $ 0.82 $ 0.97 Diluted $ 0.82 $ 0.97 (1) Stock options to purchase 58,857 shares under the Company's 2006 Stock Option Plan and 13,101 shares under the EIP at $ 14.38 were outstanding during 2023, but were not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive.

Commitments to Extend Credit

Commitments to Extend Credit	12 Months Ended
	Dec. 31, 2023
Commitments to Extend Credit [Abstract]
Commitments to Extend Credit	Note 16 – Commitments to Extend Credit The Company has commitments to extend credit with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. There was a $ 487,000 allowance for credit losses associated with these commitments at December 31, 2023 and no loss reserve associated with these commitments at December 31, 2022. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. The following commitments to extend credit were outstanding as of the dates specified: Contract Amount December 31, December 31, 2023 2022 (Dollars in thousands) Commitments to grant loans $ 21,045 $ 26,334 Unfunded commitments to fund loans and lines of credit 75,721 74,848 Commercial and Standby letters of credit 1,212 - Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses. The commitments for lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer.

Parent Company Only Financial I

Parent Company Only Financial Information	12 Months Ended
	Dec. 31, 2023
Parent Company Only Financial Information [Abstract]
Parent Company Only Financial Information	Note 17 – Parent Company Only Financial Information The following condensed financial statements summarize the financial position and results of operations and cash flows of the parent savings and loan holding company, Lake Shore Bancorp, Inc., as of December 31, 2023 and 2022 and for the years ended December 31, 2023 and 2022. Statements of Financial Condition December 31, 2023 2022 (Dollars in thousands) Assets Cash and due from banks $ 2,272 $ 2,084 Investment in subsidiary 82,487 77,050 ESOP loan receivable 1,294 1,359 Other assets 337 721 Total assets $ 86,390 $ 81,214 Liabilities and Stockholders' Equity Other liabilities 117 30 Total stockholders' equity 86,273 81,184 Total liabilities and stockholders' equity $ 86,390 $ 81,214 Statements of Income For the Years Ended December 31, 2023 2022 (Dollars in thousands) Interest Income $ 183 $ 145 Dividend distributed by bank subsidiary — 3,000 Other 7 5 Total Income 190 3,150 Non-interest Expenses 577 494 Income before income taxes and equity in undistributed net income of subsidiary ( 387 ) 2,656 Income tax benefit ( 81 ) ( 99 ) Income before undistributed net income of subsidiary ( 306 ) 2,755 Equity in undistributed net income of subsidiary 5,126 2,953 Net Income $ 4,820 $ 5,708 Statements of Comprehensive Income (Loss) For the Years Ended December 31, 2023 2022 (Dollars in thousands) Net Income $ 4,820 $ 5,708 Other Comprehensive Income (Loss), net of tax (expense) benefit: Unrealized holding gains (losses) on securities available for sale of subsidiary, net of tax (expense) benefit 2023 ($ 241 ); 2022 $ 3,004 905 ( 11,298 ) Reclassification adjustments related to: Recovery on previously impaired investment securities included in net income of subsidiary, net of tax expense 2023 $ 2 ; 2022 $ 3 ( 5 ) ( 12 ) Net loss on sale of securities included in net income, net of tax benefit of $ 12 47 — Total Other Comprehensive Income (Loss) 947 ( 11,310 ) Total Comprehensive Income (Loss) $ 5,767 $ ( 5,602 ) Statements of Cash Flows For the Years Ended December 31, 2023 2022 (Dollars in thousands) Cash Flows from Operating Activities: Net income $ 4,820 $ 5,708 Adjustments to reconcile net income to net cash provided by operating activities: ESOP shares committed to be released 86 110 Stock based compensation expense 17 225 Decrease (increase) in other assets 297 ( 631 ) Increase in other liabilities 87 4 Equity in undistributed earnings of subsidiary ( 5,126 ) ( 2,953 ) Net Cash Provided by Operating Activities 181 2,463 Cash Flows from Investing Activities: Payments received on ESOP loan 65 61 Net Cash Provided by Investing Activities 65 61 Cash Flows from Financing Activities: Purchase of treasury stock ( 58 ) ( 85 ) Cash dividends paid — ( 1,440 ) Net Cash Used in Financing Activities ( 58 ) ( 1,525 ) Net Decrease in Cash and Cash Equivalents 188 999 Cash and Cash Equivalents - Beginning 2,084 1,085 Cash and Cash Equivalents - Ending $ 2,272 $ 2,084

Treasury Stock

Treasury Stock	12 Months Ended
	Dec. 31, 2023
Treasury Stock [Abstract]
Treasury Stock	Note 18 – Treasury Stock During the year ended December 31, 2023, the Company did no t repurchase any shares of common stock under the existing stock repurchase program. As of December 31, 2023, there were 30,626 shares remaining to be repurchased under the existing stock repurchase program. During the year ended December 31, 2023, the Company transferred 8,282 shares of common stock out of treasury stock reserved for the 2012 Equity Incentive Plan, at an average cost of $ 9.39 per share to fund awards that had been granted under the plan. During the year ended December 31, 2023, there were 22,296 shares transferred back into treasury stock reserved for the 2012 Equity Incentive Plan at an average cost of $ 9.39 per share due to forfeitures. The Company repurchased 4,923 shares upon the vesting of shares under the 2012 Equity Incentive Plan for the purpose of remitting payroll taxes on behalf of awardees who were employees, at an average cost of $ 11.60 per share, during the year ended December 31, 2023. During the year ended December 31, 2022, the Company repurchased 5,701 shares of common stock at an average cost of $ 14.91 per share. These shares were repurchased pursuant to the Company’s publicly announced common stock repurchase program. As of December 31, 2022, there were 30,626 shares remaining to be repurchased under the existing stock repurchase program. During the year ended December 31, 2022, the Company transferred 29,132 shares of common stock out of treasury stock reserved for the 2012 Equity Incentive Plan, at an average cost of $ 9.39 per share to fund awards that had been granted under the plan. During the year ended December 31, 2022, there were 10,616 shares transferred back into treasury stock reserved for the 2012 Equity Incentive Plan at an average cost of $ 9.39 per share due to forfeitures.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2023
Other Comprehensive Loss [Abstract]
Other Comprehensive Income (Loss)	Note 19 – Other Comprehensive Income (Loss) In addition to presenting the consolidated statements of comprehensive income (loss) herein, the following table shows the tax effects allocated to the Company’s single component of other comprehensive income (loss) for the periods presented: For the Years Ended December 31, 2023 For The Years Ended December 31, 2022 Pre-Tax Amount Tax (Expense) Benefit Net of Tax Amount Pre-Tax Amount Tax Benefit Net of Tax Amount (Dollars in thousands) Net unrealized gains (losses) on securities available for sale: Net unrealized gains (losses) arising during the period $ 1,146 $ ( 241 ) $ 905 $ ( 14,302 ) $ 3,004 $ ( 11,298 ) Less: reclassification adjustment related to: Loss on sale of securities included in net income 59 ( 12 ) 47 — — — Recovery on previously impaired investment securities included in net income ( 7 ) 2 ( 5 ) ( 15 ) 3 ( 12 ) Total Other Comprehensive Income (Loss) $ 1,198 $ ( 251 ) $ 947 $ ( 14,317 ) $ 3,007 $ ( 11,310 ) The following table presents the amounts reclassified out of the single component of the Company’s accumulated other comprehensive loss for the indicated periods: Amounts Reclassified from Accumulated Details about Accumulated Other Other Comprehensive Loss Affected Line Item Comprehensive Loss for the years ended December 31, on the Consolidated Components 2023 2022 Statements of Income (Dollars in thousands) Net unrealized gains (losses) on securities available for sale: Loss on sale of securities included in net income $ 59 $ — Loss on sale of securities available for sale Recovery on previously impaired investment securities ( 7 ) ( 15 ) Recovery on previously impaired investment securities Provision for income tax (benefit) expense ( 10 ) 3 Income tax expense Total reclassification for the period $ 42 $ ( 12 ) Net Income

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2023
Revenue Recognition [Abstract]
Revenue Recognition	Note 20 – Revenue Recognition The Company’s non-interest revenue streams primarily result from services it provides to its deposit customers. When a customer makes a deposit, the Company records a liability because the Company has an obligation to deliver cash to its customer on demand. A contract between the Company and a deposit account customer is typically documented in writing and is often terminable at will by the customer alone or by both the customer and the Company without penalty. The term of a deposit contract between a customer and the Company will likely be day-to-day or minute-to-minute, and the termination clause is likely similar to a renewal right where each day or minute represents the renewal of the contract. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Debit Card Fees Debit card fees are primarily comprised of interchange fees earned whenever the Company’s debit cards are used to purchase goods or services from a merchant via a card payment network, such as MasterCard. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value. The Company’s performance obligation for interchange income are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically immediately. Service Charges on Deposit Accounts Service charges and fees on deposit accounts consist of transaction-based fees, account maintenance fees, and overdraft service fees for various retail and business deposit customers. Transaction-based fees, such as stop payment charges, are recognized at the time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn directly from the customer’s account balance. Fees and Other Service Charges Fees and other service charges are primarily comprised of ATM fees, merchant services income and other service charges. ATM fees are comprised of fees earned whenever a Company’s ATM or debit card is used at a non-Company ATM or a non-Company cardholder uses a Company ATM. ATM fees represent a fixed fee for the convenience to cardholders for accessibility of funds. Merchant services income mainly represents fees charged to merchants serviced by a third party vendor under contract with the Company for debit or credit card processing, and represents a percentage of the underlying transaction value. Other service charges include revenue from services provided to our retail or business customers, which may include fees for wire transfer processing, bill pay services, cashier’s checks and other services. The Company’s performance obligation for fees and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically immediately or in the following month. Other Other non-interest income consists of safe deposit rental fees. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that since rentals and renewals occur fairly consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Gain/Losses on Sale of Foreclosed Real Estate The Company records a gain or loss from the sale of foreclosed real estate when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of foreclosed real estate to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the foreclosed real estate asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company may need to adjust the transaction price and related gain (loss) on sale if a significant financing component is present. Gains (losses) on the sale of foreclosed real estate are generally recorded in non-interest expense on the consolidated statements of income as an offset to foreclosed real estate expenses. There were no sales of foreclosed real estate during the years ended December 31, 2023 and 2022, where the Company financed the sale of the property. Contract Balances The Company’s non-interest revenue streams are largely based on transactional activity. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of December 31, 2023 and 2022, the Company did not have any significant contract balances. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2023 and 2022: For the years ended December 31, 2023 2022 (Dollars in thousands) Non-Interest Income In-Scope of Topic 606: Debit card fees $ 846 $ 846 Service charges on deposit accounts 709 727 Fees and other service charges 127 126 Other 34 37 Non-interest Income (in-scope of Topic 606) 1,716 1,736 Non-interest Income (out of scope of Topic 606) 919 968 Total Non-Interest Income $ 2,635 $ 2,704

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of the Company and the Bank. All material inter-company accounts and transactions have been eliminated. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain prior periods amounts have been reclassified to conform to the current presentation. These reclassifications had no effect on 2022 net income.
Use of Estimates	Use of Estimates To prepare these consolidated financial statements in conformity with GAAP, management of the Company made a number of estimates and assumptions relating to the reporting of assets and liabilities and the reporting of revenue and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, securities valuation estimates, and income taxes.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks, interest earning deposits at other financial institutions and overnight federal funds sold which are generally sold for one to three-day periods.
Investment Securities	Investment Securities All debt securities are classified as available for sale and are carried at fair value with unrealized gains and losses, net of the related deferred income tax effect, excluded from earnings and reported as a separate component of accumulated other comprehensive income (loss) until realized. Equity securities are also measured at fair value with changes in the fair value recognized in the non-interest income component of the consolidated statements of income. Realized gains and losses on securities transactions are reported in earnings and computed using the specific identification method. An allowance for credit losses is deducted from the amortized cost basis of financial assets to present the net carrying value at the amount that is expected to be collected over the contractual term. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or if it is more likely than not that it will be required to sell the security before the recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, any excess cost is recorded as an allowance for credit losses. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major agencies and have a long history of no losses. Accrued interest of $ 260,000 as of December 31, 2023 on available-for-sale debt securities is included in accrued interest receivable on the consolidated statements of financial condition and is excluded from the estimate of credit losses.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold restricted stock of its district Federal Home Loan Bank according to a predetermined formula. This stock is restricted in that it can only be sold to the FHLB or to another member institution and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is carried at cost on the consolidated statements of financial condition. The investment is periodically evaluated for impairment based on the ultimate recoverability of cost.
Loans Receivable	Loans Receivable Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of allowance for credit losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Company is generally amortizing these amounts over the contractual life of the loan. Management considers a loan to be in delinquency status when the contractual payment of principal or interest has become greater than 30 days past due. The accrual of interest is generally discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on non-accrual status, unpaid interest credited to income is reversed in the current year. Interest received on non-accrual loans generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt.
Allowance for Credit Losses - Loans	Allowance for Credit Losses - Loans The allowance for credit losses is a valuation account that is deducted from or added to the loans receivable amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance for credit losses when management believes the uncollectibility of a loan balance is confirmed. Expected recoveries recorded in the allowance for credit loss account should not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Management estimates the allowance for credit losses balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as change in unemployment rates, property values or other relevant factors. Changes in the allowance for credit losses on loans are recorded as a provision for (or credit to) credit losses. The Company uses the vintage model to estimate expected credit losses for all loan segments. The vintage model measures the expected loss calculation for future periods based on the historical performance by the origination period of loans with similar life cycles and risk characteristics. For each loan segment, the Company utilizes historical loss data through the current period to calculate the actual loss percentage for each loan type by vintage year of loan origination. The calculated loss percentages are then applied to the remaining outstanding balance for each vintage year, for the estimated remaining life of the loans in the loan segment. In addition to this calculation, the Company applies qualitative factors for current conditions, including trends in the nature and volume of the loan portfolio, loan concentrations, changes in the experience, ability and depth of the Company’s lending management, and national and local economic conditions. In addition, the Company utilizes an economic forecast factor consisting of unemployment data and changes in gross domestic production (GDP) to determine the impact to the Bank’s loan portfolio. No reversion adjustments were necessary for our calculation as the starting point for the Company’s estimate was a cumulative loss rate covering the expected contractual term of the loan portfolio. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not included in the collective evaluation. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Accrued interest on loans of $ 2.5 million at December 31, 2023 is included in accrued interest receivable on the consolidated statements of financial condition and is excluded from the estimate of credit losses. The Company's determination as to the amount of expected credit losses are subject to review by bank regulators, which can require the establishment of additional expected credit losses. Although the allowance for credit losses is allocated by loan type, the allowance for credit losses is general in nature and is available to offset losses from any loan in the Company’s portfolio.
Allowance for Credit Losses - Off Balance Sheet Credit Exposure	Allowance for Credit Losses – Off Balance Sheet Credit Exposure The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless the obligation is unconditionally cancellable by the Company. Off-balance sheet credit exposure includes loan commitments in which the Company has extended terms and all parties have accepted. The Company’s commercial overdraft line of credit and consumer overdraft line of credit products are unconditionally cancellable by the Company and therefore, the Company does not record an allowance for credit losses on these loan types. The allowance for credit losses for off balance sheet credit exposure is derived through the use of the vintage model and a utilization rate concept, applied to those commitments which are not unconditionally cancellable. Changes in the allowance for credit losses for unfunded commitments are recorded as a provision for (or credit to) credit losses.
Premises and Equipment	Premises and Equipment Land is carried at cost. Buildings, improvements, furniture and equipment are carried at cost, net of accumulated depreciation. Depreciation is computed on the straight-line basis over the estimated useful lives of assets (generally thirty-nine years for buildings and three to fifteen years for furniture and equipment). Leasehold improvements are amortized on the straight-line method over the lesser of the life of the improvements or the lease term. Maintenance and repairs are charged to expense as incurred, while major improvements are capitalized and amortized to operating expense over the identified useful life.
Leases	Leases The Company determines if an arrangement is a lease at the contract’s inception. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the consolidated statements of income. Operating leases are recorded under a right of use (“ROU”) model that requires a lessee to record (for all operating leases with terms longer than 12 months) an asset representing its right to use the underlying asset and a lease liability. The ROU asset and lease liability are included in other assets and other liabilities, respectively, on the consolidated statements of financial condition. Finance leases are recorded in premises and equipment on the consolidated statements of financial condition. Operating lease ROU assets represent our right to use an underlying asset during the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate at the lease commencement date. ROU assets are further adjusted for lease incentives. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in occupancy and equipment expense in the consolidated statements of income.
Mortgage Servicing Rights	Mortgage Servicing Rights Certain low-yielding, fixed rate residential, one to- four- family loans are sold on the secondary market in order to manage interest rate risk. The individual loans are normally sold to an investor immediately after loan closing. The Company retains servicing rights on these loans. Originated mortgage servicing rights are recorded at their fair value at the time of transfer of the related loans and are amortized in proportion to, and over the period of, estimated net servicing income or loss. The carrying value of the originated mortgage servicing rights are periodically evaluated for impairment. The mortgage servicing rights asset is recorded in other assets on the consolidated statements of financial condition. The amortization of the mortgage servicing asset is recorded against service fee income and recorded in service charges and fees on the consolidated statements of income.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Foreclosed Real Estate	Foreclosed Real Estate Foreclosed real estate consists of property acquired in settlement of loans which is carried at its fair value less estimated selling costs. Write-downs from cost to fair value less estimated selling costs are recorded at the date of acquisition or repossession and are charged to the allowance for loan losses. Subsequent write-downs to fair value, net of estimated selling costs, are recorded in non-interest expense along with direct operating expenses. Gains or losses not previously recognized, resulting from the sale of foreclosed assets are recognized in non-interest expense on the date of sale. Foreclosed real estate was $ 34,000 and $ 95,000 at December 31, 2023 and 2022, respectively, and was included as a component of other assets in the consolidated statements of financial condition. Proceeds from the sale of foreclosed real estate for the years ended December 31, 2023 and 2022 were $ 64,000 and $ 321,000 , respectively. This resulted in a net gain on sale of $ 15,000 and $ 93,000 for the years ended December 31, 2023 and 2022, respectively, and was included as a component of other non-interest expense in the consolidated statements of income.
Bank Owned Life Insurance	Bank Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit obligations. BOLI involves the purchase of life insurance by the Company on a chosen group of employees. The Company is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Income from the increase in the cash surrender value of the underlying policies is included in non-interest income in the consolidated statements of income and is not subject to income taxes unless surrendered. The Company does not intend to surrender the policies held at December 31, 2023, and accordingly, no deferred taxes have been recorded on the earnings from these policies. The cash surrender value of such bank owned life insurance amounted to $ 29.4 million at December 31, 2023 and $ 23.2 million at December 31, 2022.
Advertising Costs	Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred. Total advertising expense for the years ended December 31, 2023 and 2022 was $ 578,000 and $ 714,000 , respectively.
Income Taxes	Income Taxes The Company files a consolidated federal income tax return. The provision for federal and state income taxes is based on income reported on the consolidated financial statements, rather than the amounts reported on the respective income tax returns. Deferred taxes are recorded using the liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment and the effect of a change in tax rates is recognized in income at that time. The Company makes certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments are applied in the calculation of certain tax credits and in the calculation of deferred income tax expense or benefit associated with certain deferred tax assets and liabilities. Significant changes to these estimates may result in an increase or decrease to the Company’s tax provision in a subsequent period. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. The Company periodically reviews its tax positions and applies a “more likely than not” recognition threshold for all tax uncertainties. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded.
Employee Stock Ownership Plan (“ESOP”)	Employee Stock Ownership Plan (“ESOP”) Compensation expense is recognized based on the current market price of shares committed to be released to employees. All shares released and committed to be released are deemed outstanding for purposes of earnings per share calculations. Dividends declared and paid on allocated shares held by the ESOP are charged to retained earnings. The value of unearned shares to be allocated to ESOP participants for future services not yet performed is reflected as a reduction of stockholders’ equity. Dividends declared on unallocated shares held by the ESOP are recorded as a reduction of the ESOP’s loan payment to the Company.
Stock Compensation Plans	Stock Compensation Plans At December 31, 2023, the Company had stock-based employee and non-employee compensation plans, which are described more fully in Note 12 - Stock-based Compensation. The Company accounts for the plans using a fair value-based method, which measures compensation cost at the grant date based on the fair value of the award. Compensation is then recognized over the service period, which is usually the vesting period. The fair value of stock option grants are estimated on the date of grant using the Black-Scholes options-pricing model. Common shares are issued from the Company’s authorized common shares when a share option is exercised. When restricted shares are granted, the shares are released from treasury stock. Common shares awarded as restricted stock are measured based on the fair market value at the grant date. The stock option plan, restricted stock plan and equity incentive plan expenses are recognized in salaries and employee benefits expense on the consolidated statement of income.
Earnings per Common Share	Earnings per Common Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding, less unallocated shares held by the Company’s ESOP, 2006 Recognition and Retention Plan (“RRP”) and 2012 Equity Incentive Plan (“EIP”), during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed conversion. Potential common shares that may be issued by the Company relate solely to outstanding stock options and restricted stock awards, and are determined using the treasury stock method.
Off-Balance Sheet Credit Related Financial Instruments	Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit. Such commitments are recorded in the consolidated statements of financial condition when they are funded.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains, and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the stockholders’ equity section of the consolidated statements of financial condition, such items, along with net income, are components of comprehensive income (loss).
Subsequent Events	Subsequent Events The Company evaluated events occurring subsequent to December 31, 2023 through the date the consolidated financial statements are being issued, and other than as set forth in Note 21, did not identify any subsequent events requiring disclosure.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards On January 1, 2023, the Company adopted the Financial Accounting Standards Board (“FASB”) Accounting Standard Update (“ASU”) 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ” (“ASU 2016-13”), as amended. ASU 2016-13 (also known as Accounting Standard Codification 326 or “ASC 326”) replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loans receivable. It also applies to certain off-balance sheet credit exposures, such as loan commitments and standby letters of credit. In addition, ASU 2016-13 updated the accounting for available-for-sale debt securities to require credit losses to be presented as an allowance rather than a write-down on available-for-sale debt securities that management does not intend to sell or believes that it is more likely than not they will be required to sell. The Company utilized the modified retrospective method for all financial assets measured at amortized cost, specifically loans receivable and off-balance sheet credit exposures. Upon adoption on January 1, 2023, the Company recorded a $ 282,000 increase to the allowance for credit losses related to the expected credit losses inherent within the Company's loan portfolio and a $ 633,000 increase to the allowance for credit losses inherent within the Company's off-balance sheet credit exposures, offset by a $ 192,000 increase to deferred tax assets relating to the additional expected loss. As a result, retained earnings decreased by $ 723,000 . The Company adopted ASC 326 using the prospective transition appropriate for available-for-sale debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As a result, the amortized cost basis remains the same before and after the effective date of ASC 326. The effective interest rate on the debt securities was not changed. Recoveries of amounts previously written-off relating to improvements in cash flows after January 1, 2023 will be recorded in earnings as received. In March 2022, the FASB issued ASU No. 2022-02, " Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. " This ASU eliminates the separate recognition and measurement guidance for Troubled Debt Restructurings by creditors. The amendments in this update require the Company to apply the general loan modification guidance in Subtopic 310-20 to all loan modifications, including modifications for borrowers experiencing financial difficulty. The Company must evaluate whether the modification represents a new loan or a continuation of an existing loan. ASU 2022-02 may be adopted prospectively for loan modifications after adoption or on a modified retrospective basis, which would apply to loans previously modified, resulting in a cumulative effect adjustment to retained earnings in the period of adoption for changes in the allowance for credit losses. On January 1, 2023 , the Company adopted ASU 2022-02 utilizing the prospective method, which did no t have a material impact on its consolidated financial statements. The adoption of ASU-2022-02 also required the Company to enhance the vintage disclosures to include gross charge-off by year of origination.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Investment Securities [Abstract]
Amortized Cost and Fair Value of Securities	The amortized cost and fair value of securities are as follows: December 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) SECURITIES Debt Securities Available for Sale U.S. government agencies $ 2,007 $ — $ ( 133 ) $ 1,874 Municipal bonds 40,774 — ( 7,724 ) 33,050 Mortgage-backed securities: Collateralized mortgage obligations-private label 10 — — 10 Collateralized mortgage obligations-government sponsored entities 11,844 1 ( 1,445 ) 10,400 Government National Mortgage Association 57 — ( 2 ) 55 Federal National Mortgage Association 11,872 1 ( 1,684 ) 10,189 Federal Home Loan Mortgage Corporation 5,737 2 ( 926 ) 4,813 Asset-backed securities-private label — 31 — 31 Asset-backed securities-government sponsored entities 2 — — 2 Total Debt Securities Available for Sale $ 72,303 $ 35 $ ( 11,914 ) $ 60,424 Equity Securities 22 — ( 4 ) 18 Total Securities $ 72,325 $ 35 $ ( 11,918 ) $ 60,442 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) SECURITIES Debt Securities Available for Sale U.S. government agencies $ 2,008 $ — $ ( 175 ) $ 1,833 Municipal bonds 50,734 16 ( 8,336 ) 42,414 Mortgage-backed securities: Collateralized mortgage obligations-private label 12 — ( 1 ) 11 Collateralized mortgage obligations-government sponsored entities 13,790 1 ( 1,636 ) 12,155 Government National Mortgage Association 61 — ( 2 ) 59 Federal National Mortgage Association 13,232 1 ( 1,987 ) 11,246 Federal Home Loan Mortgage Corporation 6,277 — ( 1,056 ) 5,221 Asset-backed securities-private label — 96 — 96 Asset-backed securities-government sponsored entities 4 — — 4 Total Debt Securities Available for Sale $ 86,118 $ 114 $ ( 13,193 ) $ 73,039 Equity Securities 22 — ( 14 ) 8 Total Securities $ 86,140 $ 114 $ ( 13,207 ) $ 73,047
Investment in Debt Securities Gross Unrealized Loss	The following table sets forth the Company’s investment in securities with gross unrealized losses of less than twelve months and gross unrealized losses of twelve months or more and associated fair values as of the dates indicated: Less than 12 months 12 months or more Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (Dollars in thousands) December 31, 2023 U.S. government agencies $ — $ — $ 1,874 $ ( 133 ) $ 1,874 $ ( 133 ) Municipal bonds 6,513 ( 1,065 ) 26,537 ( 6,659 ) 33,050 ( 7,724 ) Mortgage-backed securities 57 ( 2 ) 25,293 ( 4,055 ) 25,350 ( 4,057 ) $ 6,570 $ ( 1,067 ) $ 53,704 $ ( 10,847 ) $ 60,274 $ ( 11,914 ) December 31, 2022 U.S. government agencies $ 1,833 $ ( 175 ) $ — $ — $ 1,833 $ ( 175 ) Municipal bonds 12,227 ( 1,114 ) 23,259 ( 7,222 ) 35,486 ( 8,336 ) Mortgage-backed securities 6,981 ( 410 ) 21,561 ( 4,272 ) 28,542 ( 4,682 ) $ 21,041 $ ( 1,699 ) $ 44,820 $ ( 11,494 ) $ 65,861 $ ( 13,193 )
Scheduled Contractual Maturities of Debt Securities	Scheduled contractual maturities of debt securities are as follows: Amortized Fair Cost Value (Dollars in thousands) December 31, 2023: Less than one year $ — $ — After one year through five years 2,118 1,979 After five years through ten years 9,170 8,089 After ten years 31,493 24,856 Mortgage-backed securities 29,520 25,467 Asset-backed securities 2 33 $ 72,303 $ 60,424

Loans Receivable (Tables)

Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2023
Loans Receivable [Abstract]
Schedule of Loans Receivable, Net	Loans receivable, net consists of the following: December 31, December 31, 2023 2022 (Dollars in thousands) Real Estate Loans: Residential, one- to four-family (1) $ 172,005 $ 175,904 Home Equity 51,869 53,057 Commercial (2) 316,986 326,955 Total real estate loans 540,860 555,916 Other Loans: Commercial 16,546 19,576 Consumer 1,130 1,217 Total gross loans 558,536 576,709 Net deferred loan costs 3,755 3,893 Allowance for credit losses on loans ( 6,463 ) ( 7,065 ) Loans receivable, net $ 555,828 $ 573,537 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Allowance for Credit Losses [Abstract]
Summary of Activity in Allowance for Credit Losses	The following table details the changes in the allowance for credit losses by loan segment for the year ended December 31, 2023. Real Estate Loans Other Loans One- to Four-Family (1) Home Equity Commercial Real Estate (2) Commercial Consumer Unallocated Total (Dollars in thousands) December 31, 2023 Allowance for Credit Loss: on Loans Balance - January 1, 2023 $ 411 $ 217 $ 5,746 $ 509 $ 47 $ 135 $ 7,065 Impact of adopting ASC 326 201 114 55 72 ( 25 ) ( 135 ) 282 Charge-offs ( 3 ) — — — ( 58 ) — ( 61 ) Recoveries 2 — 35 29 8 — 74 (Credit) provision ( 79 ) ( 118 ) ( 605 ) ( 139 ) 44 — ( 897 ) Balance – December 31, 2023 $ 532 $ 213 $ 5,231 $ 471 $ 16 $ — $ 6,463 Ending balance: individually evaluated $ — $ — $ — $ — $ — $ — $ — Ending balance: collectively evaluated $ 532 $ 213 $ 5,231 $ 471 $ 16 $ — $ 6,463 Gross Loans Receivable (3) : Ending balance $ 172,005 $ 51,869 $ 316,986 $ 16,546 $ 1,130 $ — $ 558,536 Ending balance: individually evaluated $ 140 $ — $ 1,242 $ — $ — $ — $ 1,382 Ending balance: collectively evaluated $ 171,865 $ 51,869 $ 315,744 $ 16,546 $ 1,130 $ — $ 557,154 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans of $ 16.4 million. (3) Gross Loans Receivable does not include allowance for credit losses of $( 6,463 ) or deferred loan costs of $ 3,755 . Prior to the adoption of ASC 326 on January 1, 2023, the Company calculated the allowance for loan losses using the incurred loss methodology. The following table summarizes the activity in the allowance for loan losses and the distribution of the allowance for loan losses and loans receivable by loan portfolio class and impairment method as of December 31, 2022: Real Estate Loans Other Loans One- to Four-Family Home Equity Commercial Real Estate (2) Commercial Consumer Unallocated Total (Dollars in thousands) December 31, 2022 Allowance for Loan Losses Balance - January 1, 2022 $ 383 $ 211 $ 4,737 $ 531 $ 32 $ 224 $ 6,118 Charge-offs — — ( 4 ) — ( 69 ) — ( 73 ) Recoveries 17 1 269 — 8 — 295 Provision (credit) 11 5 744 ( 22 ) 76 ( 89 ) 725 Balance - December 31, 2022 $ 411 $ 217 $ 5,746 $ 509 $ 47 $ 135 $ 7,065 Ending balance: individually evaluated $ — $ — $ — $ — $ — $ — $ — Ending balance: collectively evaluated $ 411 $ 217 $ 5,746 $ 509 $ 47 $ 135 $ 7,065 Gross Loans Receivable (1) : Ending balance $ 175,904 $ 53,057 $ 326,955 $ 19,576 $ 1,217 $ — $ 576,709 Ending balance: individually evaluated $ 153 $ 14 $ — $ — $ — $ — $ 167 Ending balance: collectively evaluated $ 175,751 $ 53,043 $ 326,955 $ 19,576 $ 1,217 $ — $ 576,542 (1) Gross Loans Receivable does not include allowance for loan losses of $( 7,065 ) or deferred loan costs of $ 3,893 . (2) Includes commercial construction loans of $ 22.9 million.
Schedule of Activity in Allowance for Credit Losses on Unfunded Loan Commitments	For the year ended December 31, 2023 (Dollars in thousands) Balance at December 31, 2022 $ — Impact of CECL Adoption 633 Provision for Credit Losses ( 146 ) Balance at December 31, 2023 $ 487
Schedule of Non-accrual by Loan Segment	Total Non-accrual Non-accrual with no Allowance for Credit Losses 90 Days or More Past Due and Accruing December 31, December 31, December 31, December 31, December 31, December 31, 2023 2022 2023 2022 2023 2022 (Dollars in thousands) Real Estate Loans: Residential, one- to four-family (1) $ 1,904 $ 2,295 $ 1,904 $ 2,295 $ — $ 1 Home Equity 196 602 196 602 — — Commercial Real Estate (2) 1,242 — 1,242 — — — Other Loans: Commercial — — — — — — Consumer 5 34 5 34 — — Total loans $ 3,347 $ 2,931 $ 3,347 $ 2,931 $ — $ 1 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans.
Summary of Information Pertaining to Impaired Loans	The following is a summary of information pertaining to impaired loans at or for the periods indicated: Unpaid Recorded Principal Related Investment Balance Allowance At December 31, 2022 (Dollars in thousands) With no related allowance recorded: Residential, one- to four-family $ 153 $ 153 $ — Home equity 14 14 — Total impaired loans with no related allowance 167 167 — Average Interest Recorded Income Investment Recognized For the Year Ended Ended December 31, 2022 With no related allowance recorded: Residential, one- to four-family $ 231 $ 12 Home equity 21 — Commercial real estate (1) 2,440 — Total impaired loans $ 2,692 $ 12 (1) Average Commercial Real Estate loans consisted of one loan which was paid off during the year ended December 31, 2022.
Analysis of Past Due Loans and Non-Accruing Loans	The following tables provide an analysis of past due loans as of the dates indicated: 30-59 Days 60-89 Days 90 Days or More Total Past Current Total Loans Past Due Past Due Past Due Due Due Receivable (Dollars in thousands) December 31, 2023: Real Estate Loans: Residential, one- to four-family (1) $ 1,488 $ 3 $ 276 $ 1,767 $ 170,238 $ 172,005 Home equity 315 583 56 954 50,915 51,869 Commercial (2) — — 203 203 316,783 316,986 Other Loans: Commercial — — 1,039 1,039 15,507 16,546 Consumer 6 — 1 7 1,123 1,130 Total $ 1,809 $ 586 $ 1,575 $ 3,970 $ 554,566 $ 558,536 30-59 Days 60-89 Days 90 Days or More Total Past Current Total Loans Past Due Past Due Past Due Due Due Receivable (Dollars in thousands) December 31, 2022: Real Estate Loans: Residential, one- to four-family (1) $ 1,173 $ 380 $ 1,649 $ 3,202 $ 172,702 $ 175,904 Home equity 137 287 468 892 52,165 53,057 Commercial (2) — — — — 326,955 326,955 Other Loans: Commercial — — — — 19,576 19,576 Consumer 15 — 17 32 1,185 1,217 Total $ 1,325 $ 667 $ 2,134 $ 4,126 $ 572,583 $ 576,709 (1) Includes one- to four-family construction loans. (2) Includes commercial real estate construction loans.
Schedule of Collateral-Dependent Loans by Loan Segment	Residential Business Commercial Total Properties Assets Land Property Other Loans (Dollars in thousands) Real Estate Loans: Residential, one- to four-family $ 143 $ — $ — $ — $ — $ 143 Home Equity — — — — — — Commercial 200 — 1,026 — — 1,226 Total $ 343 $ — $ 1,026 $ — $ — $ 1,369
Loans by Credit Quality Indicator by Origination Year	The following table presents loans by credit quality indicator by origination year at December 31, 2023: 2023 2022 2021 2020 2019 Prior Revolving Loans Total (Dollars in thousands) Residential, one-to four-family (1) : Pass $ 12,203 $ 36,103 $ 29,486 $ 17,975 $ 10,075 $ 63,928 $ — $ 169,770 Substandard — 262 39 92 270 1,572 — 2,235 Doubtful — — — — — — — — Total $ 12,203 $ 36,365 $ 29,525 $ 18,067 $ 10,345 $ 65,500 $ — $ 172,005 Current period gross chargeoffs $ — $ — $ 3 $ — $ — $ — $ — $ 3 Home Equity: Pass $ 3,660 $ 3,120 $ 102 $ 47 $ 274 $ 511 $ 43,862 $ 51,576 Substandard — — — — — — 293 293 Doubtful — — — — — — — — Total $ 3,660 $ 3,120 $ 102 $ 47 $ 274 $ 511 $ 44,155 $ 51,869 Current period gross chargeoffs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate (2) : Pass $ 15,396 $ 85,587 $ 50,797 $ 42,226 $ 38,694 $ 72,256 $ — $ 304,956 Special mention — — — 984 682 — — 1,666 Substandard — — — 1,242 5,386 3,736 — 10,364 Doubtful — — — — — — — — Total $ 15,396 $ 85,587 $ 50,797 $ 44,452 $ 44,762 $ 75,992 $ — $ 316,986 Current period gross chargeoffs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Loans: Pass $ 1,243 $ 2,591 $ 732 $ 622 $ 1,901 $ 4,997 $ — $ 12,086 Special mention — — 263 — 764 — — 1,027 Substandard — — — — 3,114 319 — 3,433 Doubtful — — — — — — — — Total $ 1,243 $ 2,591 $ 995 $ 622 $ 5,779 $ 5,316 $ — $ 16,546 Current period gross chargeoffs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Loans: Pass $ 269 $ 245 $ 79 $ 136 $ 2 $ 210 $ 184 $ 1,125 Substandard — — 2 1 — — 2 5 Doubtful — — — — — — — — Total $ 269 $ 245 $ 81 $ 137 $ 2 $ 210 $ 186 $ 1,130 Current period gross chargeoffs $ — $ 8 $ 3 $ 3 $ 4 $ — $ 40 $ 58 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans. The following table presents loans by credit quality indicator at December 31, 2022: Pass/Performing Special Mention Substandard Doubtful Loss Total (Dollars in thousands) December 31, 2022 Real Estate Loans: Residential, one- to four-family (1) $ 173,857 $ — $ 2,047 $ — $ — $ 175,904 Home equity 52,269 — 788 — — 53,057 Commercial (2) 314,218 3,272 9,465 — — 326,955 Other Loans: Commercial 14,926 1,112 3,538 — — 19,576 Consumer 1,183 — 24 — 10 1,217 Total $ 556,453 $ 4,384 $ 15,862 $ — $ 10 $ 576,709 (1) Includes one- to four- family construction loans. (2) Includes commercial construction loans.
Summary of Loans Classified as TDRs	Principal Forgiveness Payment Delay Term Extension Interest Rate Reduction Add Co-Borrower/ Combination Term Extension and Add Co-Borrower Percentage of Total Class of Financing Receivable (Dollars in thousands) Real Estate Loans Commercial real estate $ — $ — $ — $ — $ 4,859 $ — 1.53 % Other loans Commercial — — — — — 1,046 6.24 % Total $ — $ — $ — $ — $ 4,859 $ 1,046

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Premises and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment consist of the following: December 31, 2023 2022 (Dollars in thousands) Land $ 1,210 $ 1,209 Buildings and improvements 13,186 13,130 Furniture and equipment 7,596 7,306 Premises and equipment, gross 21,992 21,645 Accumulated depreciation ( 14,122 ) ( 13,359 ) Premises and equipment, net $ 7,870 $ 8,286

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Schedule of Deposits	Deposits consist of the following at the dates indicated: December 31, 2023 2022 Weighted Weighted Average Average Amount Rate Amount Rate (Dollars in thousands) Demand deposits: Non-interest bearing $ 95,186 — % $ 105,678 — % Interest bearing 72,966 0.10 85,033 0.10 Money market accounts 137,374 2.75 149,250 0.58 Savings accounts 64,584 0.07 77,200 0.05 Time deposits 220,814 3.93 152,958 1.59 $ 590,924 2.13 % $ 570,119 0.60 %
Schedule of Maturities of Time Deposits	Scheduled maturities of time deposits at December 31, 2023 were as follows (dollars in thousands): 2024 $ 150,502 2025 58,883 2026 3,874 2027 4,810 2028 2,745 Thereafter — $ 220,814
Schedule of Interest Expense on Deposits	Interest expense on deposits was as follows: Years Ended December 31, 2023 2022 (Dollars in thousands) Interest bearing checking accounts $ 75 $ 78 Money market accounts 1,914 486 Savings accounts 47 41 Time deposits 6,033 1,210 $ 8,069 $ 1,815

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Borrowings [Abstract]
Long-term Debt from FHLBNY and Related Contractual Maturities	Long-term debt from the FHLBNY and related contractual maturities consisted of the following: At December 31, 2023 At December 31, 2022 Maturity Amount Weighted Average Amount Weighted Average (Dollars in thousands) In one year $ 25,000 3.28 % $ 4,950 2.31 % In two years 8,250 3.79 % 15,000 2.01 % In three years 1,000 3.49 % 3,000 2.44 % In four years 1,000 3.49 % 1,000 3.49 % In five years — — % 1,000 3.49 % $ 35,250 3.41 % $ 24,950 2.24 %

Lease Obligations (Tables)

Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2023
Leases Obligations [Abstract]
Summary of Information Related to Lease Liabilities	The table below summarizes information related to our lease liabilities at or for the years ended December 31, 2023 and 2022: For the Years Ended December 31, (in thousands, except for percent and period data) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 157 $ 157 Operating cash flows from finance leases 51 57 Financing cash flows from finance leases 81 69 Weighted-average remaining lease term, operating leases, in years 1.6 2.6 Weighted-average discount rate – operating leases 2.61 % 2.61 %
Summary of Maturity of Remaining Lease Liabilities	The table below summarizes the maturity of remaining lease liabilities as of December 31, 2023: Operating Finance Leases Lease (Dollars in thousands) 2024 $ 157 $ 136 2025 90 136 2026 — 136 2027 — 136 2028 — 56 2028 and thereafter — — Total Lease Payments $ 247 $ 600 Less: Amounts representing interest ( 5 ) ( 125 ) Present value of lease liabilities $ 242 $ 475

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Schedule of Provision for Income Tax Expense	The provision for income tax expense consists of the following: Years Ended December 31, 2023 2022 (Dollars in thousands) Current: Federal $ 1,377 $ 1,343 State 5 6 Total Current 1,382 1,349 Deferred: Federal 17 ( 187 ) State — — Total Deferred 17 ( 187 ) Total Income Tax Expense $ 1,399 $ 1,162
Schedule of Reconciliation of Statutory Federal Income Tax	A reconciliation of the statutory federal income tax at a rate of 21 % for the years ended December 31, 2023 and 2022 to the income tax expense included in the consolidated statements of income is as follows: Years Ended December 31, 2023 2022 Federal income tax at statutory rate 21.0 % 21.0 % State benefit, net of federal expense ( 1.3 ) ( 0.6 ) Tax-exempt interest income ( 3.3 ) ( 3.6 ) Deferred tax valuation allowance 1.3 0.6 Life insurance income 3.5 ( 1.0 ) Other 1.3 0.5 Total Income Tax Expense 22.5 % 16.9 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities are as follows: December 31, 2023 2022 (Dollars in thousands) Deferred tax assets: Unrealized losses on securities available for sale $ 3,075 $ 3,372 Allowance for credit loss 1,798 1,822 Deferred compensation 1,460 1,370 Net operating loss ("NOL") 153 62 Impairment of equity investments 129 129 Accrued expenses 84 121 Right of use liability 48 80 Stock options granted 16 21 Other 13 18 Total Deferred Tax Assets 6,776 6,995 Deferred tax liabilities: Deferred loan origination costs ( 972 ) ( 1,004 ) Depreciation ( 576 ) ( 598 ) Prepaid expenses ( 36 ) ( 97 ) Right of use asset ( 49 ) ( 78 ) Other ( 49 ) ( 123 ) Total Deferred Tax Liabilities ( 1,682 ) ( 1,900 ) Deferred tax valuation allowance ( 1,203 ) ( 1,126 ) Net Deferred Tax Asset $ 3,891 $ 3,969

Stock-based Compensation (Table

Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
2006 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Status of Stock Option Plan	2023 2022 Options Weighted Average Exercise Price Remaining Contractual Life Options Weighted Average Exercise Price Remaining Contractual Life Outstanding at beginning of year 58,857 $ 14.38 64,548 $ 14.38 Granted — — — — Exercised — — — — Forfeited — — ( 5,691 ) $ 14.38 Outstanding at end of period 58,857 $ 14.38 2.8 years 58,857 $ 14.38 3.8 years Options exercisable at end of period 58,857 $ 14.38 2.8 years 58,857 $ 14.38 3.8 years Fair value of options granted — — — $ —
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Status of Stock Option Plan	2023 2022 Options Exercise Price Remaining Contractual Life Options Exercise Price Remaining Contractual Life Outstanding at beginning of year 20,000 $ 14.38 20,000 $ 14.38 Granted — — — — Exercised — — — — Forfeited — — — — Expired ( 6,899 ) $ 14.38 Outstanding at end of period 13,101 2.8 years 20,000 $ 14.38 3.8 years Options exercisable at end of period 13,101 $ 14.38 2.8 years 20,000 $ 14.38 3.8 years Fair value of options granted — — — —
Schedule of Unvested Restricted Stock Activity	At December 31, 2023 Weighted Average Grant Price (per Share) At December 31, 2022 Weighted Average Grant Price (per Share) Unvested shares outstanding at beginning of year 43,866 $ 15.02 29,495 $ 15.24 Granted 8,282 12.91 29,132 14.81 Vested ( 11,734 ) 15.39 ( 4,145 ) 15.00 Forfeited ( 22,296 ) 14.93 ( 10,616 ) 15.07 Unvested shares outstanding at end of period 18,118 $ 13.91 43,866 $ 15.02
2012 Equity Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Awards Granted	Grant Date Number of Restricted Stock Awards Vesting Fair Value per Share of Award on Grant Date Awardees January 17, 2023 2,709 100 % on January 17, 2024 $ 12.92 Non-employee directors January 18, 2023 4,573 100 % on January 18, 2024 $ 12.90 Non-employee directors January 18, 2023 1,000 20 % per year with first vesting date on January 18, 2024 $ 12.90 Employees

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value of Financial Instruments [Abstract]
Fair Value of Assets Measured on Recurring Basis	Fair Value Measurements at December 31, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Measured at fair value on a recurring basis: Securities: Debt Securities U.S. government agencies $ 1,874 $ — $ 1,874 $ — Municipal bonds 33,050 — 33,050 — Mortgage-backed securities: Collateralized mortgage obligations-private label 10 — 10 — Collateralized mortgage obligations-government 10,400 — 10,400 — Government National Mortgage Association 55 — 55 — Federal National Mortgage Association 10,189 — 10,189 — Federal Home Loan Mortgage Corporation 4,813 — 4,813 — Asset-backed securities: Private label 31 — 31 — Government sponsored entities 2 — 2 — Total Debt Securities $ 60,424 $ — $ 60,424 $ — Equity securities 18 18 — — Total Securities $ 60,442 $ 18 $ 60,424 $ — Fair Value Measurements at December 31, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Measured at fair value on a recurring basis: Securities: Debt Securities U.S. government agencies $ 1,833 $ — $ 1,833 $ — Municipal bonds 42,414 — 42,414 — Mortgage-backed securities: Collateralized mortgage obligations-private label 11 — 11 — Collateralized mortgage obligations-government 12,155 — 12,155 — Government National Mortgage Association 59 — 59 — Federal National Mortgage Association 11,246 — 11,246 — Federal Home Loan Mortgage Corporation 5,221 — 5,221 — Asset-backed securities: Private label 96 — 96 — Government sponsored entities 4 — 4 — Total Debt Securities $ 73,039 $ — $ 73,039 $ — Equity securities 8 8 — — Total Securities $ 73,047 $ 8 $ 73,039 $ — Interest Rate Swap (1) $ 273 $ — $ 273 $ — (1) Included in Other Liabilities on the consolidated statements of financial condition.
Assets Measured at Fair Value on Nonrecurring Basis	Fair Value Measurements Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Measured at fair value on a non-recurring basis: At December 31, 2023 Collateral-dependent loans $ 1,369 $ — $ — $ 1,369 Foreclosed real estate 34 — — 34 Mortgage servicing rights 191 — — 191 At December 31, 2022 Mortgage servicing rights 209 — — 209
Additional Quantitative Information About Assets Measured at Fair Value	Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Estimate Valuation Technique Unobservable Input Range Weighted Average At December 31, 2023 Collateral-dependent loans $ 1,369 Appraisal of collateral (1) Direct Disposal Costs (2) 8.00 - 10.00 % 9.75 % Foreclosed real estate 34 Appraisal of collateral (1) Direct Disposal Costs (2) 8.00 % 8.00 % Mortgage servicing rights 191 Discounted Cash Flow Model (3) Servicing Fees 0.25 % 0.25 % Servicing Costs 0.09 % 0.09 % Estimated Life of Loans 5.32 years 5.32 years At December 31, 2022 Mortgage servicing rights 209 Discounted Cash Flow Model (3) Servicing Fees 0.25 % 0.25 % Servicing Costs 0.15 % 0.15 % Estimated Life of Loans 5.0 years 5.0 years (1) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. (2) The fair value basis of collateral-dependent loans and foreclosed real estate may be adjusted to reflect management estimates of disposal costs including, but not necessarily limited to, real estate brokerage commissions, legal fees, and delinquent property taxes. (3) The fair value is based on a discounted cash flow model. The model’s key assumptions are the estimated life of loans sold with servicing retained and the estimated cost to service the loan.
Carrying Amount and Estimated Fair Value of Financial Instruments	Fair Value Measurements at December 31, 2023 Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Financial assets: Cash and cash equivalents $ 53,730 $ 53,730 $ 53,730 $ — $ — Securities 60,442 60,442 18 60,424 — Federal Home Loan Bank stock 2,293 2,293 — 2,293 — Loans receivable, net 555,828 530,735 — — 530,735 Accrued interest receivable 2,835 2,835 — 2,835 — Bank-owned life insurance 29,355 29,355 — 29,355 — Mortgage servicing rights 191 191 — — 191 Financial liabilities: Deposits 590,924 589,243 — 589,243 — Long-term debt 35,250 34,757 — 34,757 — Accrued interest payable 829 829 — 829 — Fair Value Measurements at December 31, 2022 Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Other Unobservable Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) Financial assets: Cash and cash equivalents $ 9,633 $ 9,633 $ 9,633 $ — $ — Securities 73,047 73,047 8 73,039 — Federal Home Loan Bank stock 2,330 2,330 — 2,330 — Loans receivable, net 573,537 546,278 — — 546,278 Accrued interest receivable 2,796 2,796 2,796 Interest rate swap 273 273 — 273 — Mortgage servicing rights 209 209 — — 209 Financial liabilities: Deposits 570,119 571,521 — 571,521 — Short-term borrowings 12,596 12,596 — 12,596 — Long-term debt 24,950 23,946 — 23,946 — Accrued interest payable 66 66 — 66 —

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2023
Regulatory Capital Requirements [Abstract]
Reconciliation of GAAP Capital to Regulatory Tier 1 and Total Capital	December 31, 2023 2022 (Dollars in thousands) GAAP (Equity) Capital: $ 82,487 $ 77,051 Plus: Unrealized losses on available-for-sale debt securities, net of tax 9,385 10,332 Tier 1 Capital and CET 1 Capital $ 91,872 $ 87,383

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per Share [Abstract]
Calculated Basic and Diluted Earnings Per Share	The calculated basic and diluted earnings per share are as follows: Years Ended December 31, 2023 2022 Numerator – net income $ 4,820,000 $ 5,708,000 Denominator: Basic weighted average shares outstanding 5,855,505 5,879,438 Increase in weighted average shares outstanding due to: Stock options (1) — — Diluted weighted average shares outstanding (1) 5,855,505 5,879,438 Earnings per share: Basic $ 0.82 $ 0.97 Diluted $ 0.82 $ 0.97 (1) Stock options to purchase 58,857 shares under the Company's 2006 Stock Option Plan and 13,101 shares under the EIP at $ 14.38 were outstanding during 2023, but were not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive.

Commitments to Extend Credit (T

Commitments to Extend Credit (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments to Extend Credit [Abstract]
Outstanding Commitments to Extend Credit	The following commitments to extend credit were outstanding as of the dates specified: Contract Amount December 31, December 31, 2023 2022 (Dollars in thousands) Commitments to grant loans $ 21,045 $ 26,334 Unfunded commitments to fund loans and lines of credit 75,721 74,848 Commercial and Standby letters of credit 1,212 -

Parent Company Only Financial_2

Parent Company Only Financial Information (Tables)	12 Months Ended
	Dec. 31, 2023
Statements of Financial Condition	Statements of Financial Condition December 31, 2023 2022 (Dollars in thousands) Assets Cash and due from banks $ 2,272 $ 2,084 Investment in subsidiary 82,487 77,050 ESOP loan receivable 1,294 1,359 Other assets 337 721 Total assets $ 86,390 $ 81,214 Liabilities and Stockholders' Equity Other liabilities 117 30 Total stockholders' equity 86,273 81,184 Total liabilities and stockholders' equity $ 86,390 $ 81,214
Statements of Income	Statements of Income For the Years Ended December 31, 2023 2022 (Dollars in thousands) Interest Income $ 183 $ 145 Dividend distributed by bank subsidiary — 3,000 Other 7 5 Total Income 190 3,150 Non-interest Expenses 577 494 Income before income taxes and equity in undistributed net income of subsidiary ( 387 ) 2,656 Income tax benefit ( 81 ) ( 99 ) Income before undistributed net income of subsidiary ( 306 ) 2,755 Equity in undistributed net income of subsidiary 5,126 2,953 Net Income $ 4,820 $ 5,708
Statements of Comprehensive Income (Loss)	Statements of Comprehensive Income (Loss) For the Years Ended December 31, 2023 2022 (Dollars in thousands) Net Income $ 4,820 $ 5,708 Other Comprehensive Income (Loss), net of tax (expense) benefit: Unrealized holding gains (losses) on securities available for sale of subsidiary, net of tax (expense) benefit 2023 ($ 241 ); 2022 $ 3,004 905 ( 11,298 ) Reclassification adjustments related to: Recovery on previously impaired investment securities included in net income of subsidiary, net of tax expense 2023 $ 2 ; 2022 $ 3 ( 5 ) ( 12 ) Net loss on sale of securities included in net income, net of tax benefit of $ 12 47 — Total Other Comprehensive Income (Loss) 947 ( 11,310 ) Total Comprehensive Income (Loss) $ 5,767 $ ( 5,602 )
Statements of Cash Flows	Statements of Cash Flows For the Years Ended December 31, 2023 2022 (Dollars in thousands) Cash Flows from Operating Activities: Net income $ 4,820 $ 5,708 Adjustments to reconcile net income to net cash provided by operating activities: ESOP shares committed to be released 86 110 Stock based compensation expense 17 225 Decrease (increase) in other assets 297 ( 631 ) Increase in other liabilities 87 4 Equity in undistributed earnings of subsidiary ( 5,126 ) ( 2,953 ) Net Cash Provided by Operating Activities 181 2,463 Cash Flows from Investing Activities: Payments received on ESOP loan 65 61 Net Cash Provided by Investing Activities 65 61 Cash Flows from Financing Activities: Purchase of treasury stock ( 58 ) ( 85 ) Cash dividends paid — ( 1,440 ) Net Cash Used in Financing Activities ( 58 ) ( 1,525 ) Net Decrease in Cash and Cash Equivalents 188 999 Cash and Cash Equivalents - Beginning 2,084 1,085 Cash and Cash Equivalents - Ending $ 2,272 $ 2,084

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2023
Other Comprehensive Loss [Abstract]
Tax Effects Allocated to Single Component of Other Comprehensive Income (Loss)	For the Years Ended December 31, 2023 For The Years Ended December 31, 2022 Pre-Tax Amount Tax (Expense) Benefit Net of Tax Amount Pre-Tax Amount Tax Benefit Net of Tax Amount (Dollars in thousands) Net unrealized gains (losses) on securities available for sale: Net unrealized gains (losses) arising during the period $ 1,146 $ ( 241 ) $ 905 $ ( 14,302 ) $ 3,004 $ ( 11,298 ) Less: reclassification adjustment related to: Loss on sale of securities included in net income 59 ( 12 ) 47 — — — Recovery on previously impaired investment securities included in net income ( 7 ) 2 ( 5 ) ( 15 ) 3 ( 12 ) Total Other Comprehensive Income (Loss) $ 1,198 $ ( 251 ) $ 947 $ ( 14,317 ) $ 3,007 $ ( 11,310 )
Reclassification Out of Accumulated Other Comprehensive Loss	The following table presents the amounts reclassified out of the single component of the Company’s accumulated other comprehensive loss for the indicated periods: Amounts Reclassified from Accumulated Details about Accumulated Other Other Comprehensive Loss Affected Line Item Comprehensive Loss for the years ended December 31, on the Consolidated Components 2023 2022 Statements of Income (Dollars in thousands) Net unrealized gains (losses) on securities available for sale: Loss on sale of securities included in net income $ 59 $ — Loss on sale of securities available for sale Recovery on previously impaired investment securities ( 7 ) ( 15 ) Recovery on previously impaired investment securities Provision for income tax (benefit) expense ( 10 ) 3 Income tax expense Total reclassification for the period $ 42 $ ( 12 ) Net Income

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue Recognition [Abstract]
Non-Interest Income, Segregated by Revenue Streams In-Scope and Out-of-Scope of Topic 606	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2023 and 2022: For the years ended December 31, 2023 2022 (Dollars in thousands) Non-Interest Income In-Scope of Topic 606: Debit card fees $ 846 $ 846 Service charges on deposit accounts 709 727 Fees and other service charges 127 126 Other 34 37 Non-interest Income (in-scope of Topic 606) 1,716 1,736 Non-interest Income (out of scope of Topic 606) 919 968 Total Non-Interest Income $ 2,635 $ 2,704

Organization and Nature of Op_2

Organization and Nature of Operations (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) shares
Organization And Nature Of Operations [Line Items]
Entity incorporation, date of incorporation	Apr. 03, 2006
MHC [Member]
Organization And Nature Of Operations [Line Items]
Equity securities common stock shares owned | shares	3,636,875
Cumulative cash dividend waived | $	$ 18.6
MHC [Member] | Lake Shore Bancorp [Member]
Organization And Nature Of Operations [Line Items]
Equity method investment, ownership percentage	63.96%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Summary of Significant Accounting Policies [Line Items]
Accrued interest receivable on available-for-sale debt securities	$ 260,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable
Accrued interest on loans	$ 2,500,000
Net Investment in Lease, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable
Foreclosed real estate	$ 34,000	$ 95,000
Proceeds from sale of foreclosed real estate	64,000	321,000
Net gain on sale of foreclosed real estate	15,000	93,000
Deferred taxes, BOLI	0
Cash surrender value of life insurance	29,400,000	23,200,000
Total advertising expense	578,000	714,000
Total stockholders' equity	$ 86,273,000	81,184,000	$ 87,976,000
Accounting Standards Update [Extensible Enumeration]	us-gaap:AccountingStandardsUpdate201613Member
(Credit) Provision for Credit Losses	$ (897,000)
ASU 2022-02
Summary of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2023
Change in accounting principle, accounting standards update, immaterial effect	true
Retained Earnings [Member]
Summary of Significant Accounting Policies [Line Items]
Total stockholders' equity	$ 78,956,000	74,859,000	$ 70,591,000
Cumulative Effect, Period of Adoption, Adjustment [Member]
Summary of Significant Accounting Policies [Line Items]
Total stockholders' equity		(723,000)
(Credit) Provision for Credit Losses	282,000
Provision for credit losses on off-balance sheet credit exposures	633,000
Deferred tax assets	192,000
Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Summary of Significant Accounting Policies [Line Items]
Total stockholders' equity	$ (723,000)	$ (723,000)
Buildings [Member]
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	39 years
Minimum [Member] | Furniture and Equipment [Member]
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	3 years
Maximum [Member] | Furniture and Equipment [Member]
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	15 years

Investment Securities (Narrativ

Investment Securities (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) Security shares	Dec. 31, 2022 USD ($) Security shares
Schedule of Investments [Line Items]
Number of securities in unrealized losses less than twelve months category | Security	23
Number of securities in unrealized losses twelve months or more category | Security	150
Amortization of debt securities	$ 9,800,000
Realized losses	$ (59,000)
Available for sale securities sold		$ 0
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Number of investment securities sold | Security	40
Municipal Bonds [Member] | Securities Pledged As Collateral Agreement With Federal Reserve Bank Of New York [Member]
Schedule of Investments [Line Items]
Investment owned balance, positions | Security	0	38
Investment owned, at cost		$ 14,400,000
Investment owned, at fair value		$ 12,200,000
Municipal Bonds [Member] | Securities Pledged As Collateral For Customer Deposits [Member]
Schedule of Investments [Line Items]
Investment owned balance, positions | Security	16	22
Investment owned, at cost	$ 4,900,000	$ 6,600,000
Investment owned, at fair value	$ 3,700,000	5,600,000
Mortgage-backed securities [Member]
Schedule of Investments [Line Items]
Number of investment securities sold | Security	2
Equity Securities [Member]
Schedule of Investments [Line Items]
Available for sale securities sold	$ 0	0
Equity Securities [Member] | Federal Home Loan Mortgage Corporation [Member]
Schedule of Investments [Line Items]
Unrealized gain on equity securities	$ 11,000,000
Unrealized loss on equity securities		$ 11,000,000
Equity securities common stock shares owned | shares	22,368	22,368

Investment Securities (Amortize

Investment Securities (Amortized Cost and Fair Value of Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Amortized Cost	$ 72,325	$ 86,140
Gross Unrealized Gains	35	114
Gross Unrealized Losses	(11,918)	(13,207)
Fair Value	60,442	73,047
Debt Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost	72,303	86,118
Gross Unrealized Gains	35	114
Gross Unrealized Losses	(11,914)	(13,193)
Fair Value	60,424	73,039
U.S. Government Agencies [Member]
Schedule of Investments [Line Items]
Amortized Cost	2,007	2,008
Gross Unrealized Losses	(133)	(175)
Fair Value	1,874	1,833
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Amortized Cost	40,774	50,734
Gross Unrealized Gains		16
Gross Unrealized Losses	(7,724)	(8,336)
Fair Value	33,050	42,414
Collateralized Mortgage Obligations - Private Label [Member]
Schedule of Investments [Line Items]
Amortized Cost	10	12
Gross Unrealized Losses		(1)
Fair Value	10	11
Collateralized Mortgage Obligations - Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Amortized Cost	11,844	13,790
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(1,445)	(1,636)
Fair Value	10,400	12,155
Government National Mortgage Association [Member]
Schedule of Investments [Line Items]
Amortized Cost	57	61
Gross Unrealized Losses	(2)	(2)
Fair Value	55	59
Federal National Mortgage Association [Member]
Schedule of Investments [Line Items]
Amortized Cost	11,872	13,232
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(1,684)	(1,987)
Fair Value	10,189	11,246
Federal Home Loan Mortgage Corporation [Member]
Schedule of Investments [Line Items]
Amortized Cost	5,737	6,277
Gross Unrealized Gains	2
Gross Unrealized Losses	(926)	(1,056)
Fair Value	4,813	5,221
Asset-Backed Securities - Private label [Member]
Schedule of Investments [Line Items]
Gross Unrealized Gains	31	96
Fair Value	31	96
Asset-Backed Securities - Government sponsored entities [Member]
Schedule of Investments [Line Items]
Amortized Cost	2	4
Fair Value	2	4
Equity Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost	22	22
Gross Unrealized Losses	(4)	(14)
Fair Value	$ 18	$ 8

Investment Securities (Investme

Investment Securities (Investment in Debt Securities Gross Unrealized Loss) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	$ 6,570	$ 21,041
Less than 12 Months, Gross Unrealized Losses	(1,067)	(1,699)
12 Months or More, Fair Value	53,704	44,820
12 Months or More, Gross Unrealized Losses	(10,847)	(11,494)
Fair Value	60,274	65,861
Gross Unrealized Losses	(11,914)	(13,193)
U.S. Government Agencies [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value		1,833
Less than 12 Months, Gross Unrealized Losses		(175)
12 Months or More, Fair Value	1,874
12 Months or More, Gross Unrealized Losses	(133)
Fair Value	1,874	1,833
Gross Unrealized Losses	(133)	(175)
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	6,513	12,227
Less than 12 Months, Gross Unrealized Losses	(1,065)	(1,114)
12 Months or More, Fair Value	26,537	23,259
12 Months or More, Gross Unrealized Losses	(6,659)	(7,222)
Fair Value	33,050	35,486
Gross Unrealized Losses	(7,724)	(8,336)
Mortgage-backed securities [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	57	6,981
Less than 12 Months, Gross Unrealized Losses	(2)	(410)
12 Months or More, Fair Value	25,293	21,561
12 Months or More, Gross Unrealized Losses	(4,055)	(4,272)
Fair Value	25,350	28,542
Gross Unrealized Losses	$ (4,057)	$ (4,682)

Investment Securities (Schedule

Investment Securities (Scheduled Contractual Maturities Debt Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
After one year through five years - Amortized Cost	$ 2,118
After five years through ten years - Amortized Cost	9,170
After ten years - Amortized Cost	31,493
Amortized Cost	72,325	$ 86,140
After one year through five years - Fair Value	1,979
After five years through ten years - Fair Value	8,089
After ten years - Fair Value	24,856
Debt Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost	72,303	$ 86,118
Fair Value	60,424
Mortgage-backed securities [Member]
Schedule of Investments [Line Items]
Other securities - Amortized Cost	29,520
Other securities - Fair Value	25,467
Asset-backed Securities [Member]
Schedule of Investments [Line Items]
Other securities - Amortized Cost	2
Other securities - Fair Value	$ 33

Loans Receivable (Narrative) (D

Loans Receivable (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 39	$ 42.1
Real Estate Loans: One-to-Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Pledged As Collateral	$ 55.8

Loans Receivable (Schedule of L

Loans Receivable (Schedule of Loans Receivable, Net) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 558,536	$ 576,709
Net deferred loan costs	3,755	3,893
Allowance for credit losses on loans	(6,463)	(7,065)
Loans receivable, net	555,828	573,537
Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	540,860	555,916
Real Estate Loans: One-to-Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	172,005	175,904
Real Estate Loans: Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	51,869	53,057
Allowance for credit losses on loans	(213)	(217)
Real Estate Loans: Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	316,986	326,955
Allowance for credit losses on loans	(5,231)	(5,746)
Other Loans: Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	16,546	19,576
Allowance for credit losses on loans	(471)	(509)
Other Loans: Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,130	1,217
Allowance for credit losses on loans	$ (16)	$ (47)

Allowance for Credit Losses (Na

Allowance for Credit Losses (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) Loan	Dec. 31, 2022 USD ($)
Financing Receivable, Past Due [Line Items]
Foreclosed real estate property	$ 34,000	$ 95,000
Mortgage loans in process of foreclosure	158,000	1,800,000
Interest income not recognized on non-accrual loans	0	0
Allowance for credit losses	$ 6,463,000	7,065,000
Number of loans modified, subsequent default | Loan	0
Past Due or on Nonaccrual [Member]
Financing Receivable, Past Due [Line Items]
Number of loans modified | Loan	0
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable term	5 years
Allowance for credit losses	$ 471,000	$ 509,000
Collateral-Dependent [Member]
Financing Receivable, Past Due [Line Items]
Allowance for credit losses	$ 0

Allowance for Credit Losses (Su

Allowance for Credit Losses (Summary of Activity in Allowance for Credit Losses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Allowance for Loan Losses [Line Items]
Balance, beginning	$ 7,065,000
Charge-offs	(61,000)
Recoveries	74,000
(Credit) provision	(897,000)
Balance, ending	6,463,000
Allowance for credit losses: Ending balance: collectively evaluated for impairment	6,463,000	$ 7,065,000
Ending balance: Gross Loans Receivable	558,536,000	576,709,000
Gross Loans Receivable: Ending balance: individually evaluated for impairment	1,382,000	167,000
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	557,154,000	576,542,000
Total Loans Receivable	558,536,000	576,709,000
Allowance for credit losses on loans	(6,463,000)	(7,065,000)
Deferred loan costs	$ 3,755,000
Accounting Standards Update [Extensible Enumeration]	us-gaap:AccountingStandardsUpdate201613Member
Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	$ 282,000
(Credit) provision	282,000
Allowance for credit losses on loans		(282,000)
Real Estate Loans: One-to Four-Family [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	411,000
Charge-offs	(3,000)
Recoveries	2,000
(Credit) provision	(79,000)
Balance, ending	532,000
Allowance for credit losses: Ending balance: collectively evaluated for impairment	532,000
Ending balance: Gross Loans Receivable	172,005,000
Gross Loans Receivable: Ending balance: individually evaluated for impairment	140,000
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	171,865,000
Allowance for credit losses on loans	(532,000)	(411,000)
Real Estate Loans: One-to Four-Family [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	201,000
Allowance for credit losses on loans		(201,000)
Real Estate Loans: Home Equity [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	217,000
(Credit) provision	(118,000)
Balance, ending	213,000
Allowance for credit losses: Ending balance: collectively evaluated for impairment	213,000	217,000
Ending balance: Gross Loans Receivable	51,869,000	53,057,000
Gross Loans Receivable: Ending balance: individually evaluated for impairment		14,000
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	51,869,000	53,043,000
Total Loans Receivable	51,869,000	53,057,000
Allowance for credit losses on loans	(213,000)	(217,000)
Real Estate Loans: Home Equity [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	114,000
Allowance for credit losses on loans		(114,000)
Real Estate Loans: Commercial [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	5,746,000
Recoveries	35,000
(Credit) provision	(605,000)
Balance, ending	5,231,000
Allowance for credit losses: Ending balance: collectively evaluated for impairment	5,231,000	5,746,000
Ending balance: Gross Loans Receivable	316,986,000	326,955,000
Gross Loans Receivable: Ending balance: individually evaluated for impairment	1,242,000
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	315,744,000	326,955,000
Total Loans Receivable	316,986,000	326,955,000
Allowance for credit losses on loans	(5,231,000)	(5,746,000)
Real Estate Loans: Commercial [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	55,000
Allowance for credit losses on loans		(55,000)
Real Estate Loans: Commercial [Member] | Construction Loans [Member]
Allowance for Loan Losses [Line Items]
Balance, ending	6,463,000
Total Loans Receivable	16,400,000	22,900,000
Allowance for credit losses on loans	(6,463,000)
Other Loans: Commercial [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	509,000
Recoveries	29,000
(Credit) provision	(139,000)
Balance, ending	471,000
Allowance for credit losses: Ending balance: collectively evaluated for impairment	471,000	509,000
Ending balance: Gross Loans Receivable	16,546,000	19,576,000
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	16,546,000	19,576,000
Total Loans Receivable	16,546,000	19,576,000
Allowance for credit losses on loans	(471,000)	(509,000)
Other Loans: Commercial [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	72,000
Allowance for credit losses on loans		(72,000)
Other Loans: Consumer [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	47,000
Charge-offs	(58,000)
Recoveries	8,000
(Credit) provision	44,000
Balance, ending	16,000
Allowance for credit losses: Ending balance: collectively evaluated for impairment	16,000	47,000
Ending balance: Gross Loans Receivable	1,130,000	1,217,000
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	1,130,000	1,217,000
Total Loans Receivable	1,130,000	1,217,000
Allowance for credit losses on loans	(16,000)	(47,000)
Other Loans: Consumer [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	(25,000)
Allowance for credit losses on loans		25,000
Unallocated Financing Receivables [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	135,000
Allowance for credit losses: Ending balance: collectively evaluated for impairment		135,000
Allowance for credit losses on loans		(135,000)
Unallocated Financing Receivables [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	$ (135,000)
Allowance for credit losses on loans		$ 135,000

Allowance for Credit Losses - (

Allowance for Credit Losses - (Allowance for Loan and Lease Losses Prior to Adoption of ASC 326) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Allowance for Loan Losses [Line Items]
Balance, beginning	$ 7,065	$ 6,118
Charge-offs		(73)
Recoveries		295
(Credit) Provision for Credit Losses	(1,043)	725
Balance, ending		7,065
Allowance for credit losses: Ending balance: collectively evaluated for impairment	6,463	7,065
Gross Loans Receivable	558,536	576,709
Gross Loans Receivable: Ending balance: individually evaluated for impairment	1,382	167
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	557,154	576,542
Allowance for credit losses on loans	(6,463)	(7,065)
Deferred loan costs	3,755	3,893
Total gross loans	558,536	576,709
Real Estate Loans: One-to-Four Family [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	411	383
Recoveries		17
(Credit) Provision for Credit Losses		11
Balance, ending		411
Allowance for credit losses: Ending balance: collectively evaluated for impairment		411
Gross Loans Receivable		175,904
Gross Loans Receivable: Ending balance: individually evaluated for impairment		153
Gross Loans Receivable: Ending balance: collectively evaluated for impairment		175,751
Total gross loans	172,005	175,904
Real Estate Loans: Home Equity [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	217	211
Recoveries		1
(Credit) Provision for Credit Losses		5
Balance, ending		217
Allowance for credit losses: Ending balance: collectively evaluated for impairment	213	217
Gross Loans Receivable	51,869	53,057
Gross Loans Receivable: Ending balance: individually evaluated for impairment		14
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	51,869	53,043
Allowance for credit losses on loans	(213)	(217)
Total gross loans	51,869	53,057
Real Estate Loans: Commercial [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	5,746	4,737
Charge-offs		(4)
Recoveries		269
(Credit) Provision for Credit Losses		744
Balance, ending		5,746
Allowance for credit losses: Ending balance: collectively evaluated for impairment	5,231	5,746
Gross Loans Receivable	316,986	326,955
Gross Loans Receivable: Ending balance: individually evaluated for impairment	1,242
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	315,744	326,955
Allowance for credit losses on loans	(5,231)	(5,746)
Total gross loans	316,986	326,955
Real Estate Loans: Commercial [Member] | Construction Loans [Member]
Allowance for Loan Losses [Line Items]
Allowance for credit losses on loans	(6,463)
Total gross loans	16,400	22,900
Other Loans: Commercial [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	509	531
(Credit) Provision for Credit Losses		(22)
Balance, ending		509
Allowance for credit losses: Ending balance: collectively evaluated for impairment	471	509
Gross Loans Receivable	16,546	19,576
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	16,546	19,576
Allowance for credit losses on loans	(471)	(509)
Total gross loans	16,546	19,576
Other Loans: Consumer [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	47	32
Charge-offs		(69)
Recoveries		8
(Credit) Provision for Credit Losses		76
Balance, ending		47
Allowance for credit losses: Ending balance: collectively evaluated for impairment	16	47
Gross Loans Receivable	1,130	1,217
Gross Loans Receivable: Ending balance: collectively evaluated for impairment	1,130	1,217
Allowance for credit losses on loans	(16)	(47)
Total gross loans	1,130	1,217
Unallocated Financing Receivables [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	$ 135	224
(Credit) Provision for Credit Losses		(89)
Balance, ending		135
Allowance for credit losses: Ending balance: collectively evaluated for impairment		135
Allowance for credit losses on loans		$ (135)

Allowance for Credit Losses -_2

Allowance for Credit Losses - (Schedule of Activity in Allowance for Credit Losses on Unfunded Loan Commitments) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Allowance for Loan Losses [Line Items]
Beginning Balance	$ 0
Ending Balance	487,000
Unfunded Loan Commitment [Member]
Allowance for Loan Losses [Line Items]
Beginning Balance
Impact of CECL Adoption	633,000
Provision for Credit Losses	(146,000)
Ending Balance	$ 487,000

Allowance for Credit Losses -_3

Allowance for Credit Losses - (Schedule of Non Accrual by Loan Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	$ 3,347	$ 2,931
Non-accrual with no Allowance for Credit Losses	3,347	2,931
90 Days or More Past Due and Accruing		1
Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	1,904	2,295
Non-accrual with no Allowance for Credit Losses	1,904	2,295
90 Days or More Past Due and Accruing		1
Real Estate Loans: Home Equity [Member]
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	196	602
Non-accrual with no Allowance for Credit Losses	196	602
Real Estate Loans: Commercial [Member]
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	1,242
Non-accrual with no Allowance for Credit Losses	1,242
Other Loans: Consumer [Member]
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	5	34
Non-accrual with no Allowance for Credit Losses	$ 5	$ 34

Allowance for Credit Losses (An

Allowance for Credit Losses (Analysis of Past Due Loans and Non-Accruing Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 558,536	$ 576,709
Loans on Non-Accrual	3,347	2,931
Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	172,005	175,904
Loans on Non-Accrual	1,904	2,295
Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	51,869	53,057
Loans on Non-Accrual	196	602
Real Estate Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	316,986	326,955
Loans on Non-Accrual	1,242
Other Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	16,546	19,576
Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,130	1,217
Loans on Non-Accrual	5	34
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,809	1,325
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,488	1,173
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	315	137
Financial Asset, 30 to 59 Days Past Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	6	15
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	586	667
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3	380
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	583	287
Financial Asset, 90 Days or More Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,575	2,134
Financial Asset, 90 Days or More Past Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	276	1,649
Financial Asset, 90 Days or More Past Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	56	468
Financial Asset, 90 Days or More Past Due [Member] | Real Estate Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	203
Financial Asset, 90 Days or More Past Due [Member] | Other Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,039
Financial Asset, 90 Days or More Past Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1	17
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,970	4,126
Financial Asset, Past Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,767	3,202
Financial Asset, Past Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	954	892
Financial Asset, Past Due [Member] | Real Estate Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	203
Financial Asset, Past Due [Member] | Other Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,039
Financial Asset, Past Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	7	32
Financial Asset, Current Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	554,566	572,583
Financial Asset, Current Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	170,238	172,702
Financial Asset, Current Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	50,915	52,165
Financial Asset, Current Due [Member] | Real Estate Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	316,783	326,955
Financial Asset, Current Due [Member] | Other Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	15,507	19,576
Financial Asset, Current Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 1,123	$ 1,185

Allowance for Credit Losses -_4

Allowance for Credit Losses - (Schedule of Amortized Cost of Collateral-Dependent Loans by Loan Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 558,536	$ 576,709
Residential Properties [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	343
Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	1,026
Collateral-Dependent [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	1,369
Real Estate Loans: One-to-Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	172,005	175,904
Real Estate Loans: One-to-Four Family [Member] | Residential Properties [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	143
Real Estate Loans: One-to-Four Family [Member] | Collateral-Dependent [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	143
Real Estate Loans: Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	51,869	53,057
Real Estate Loans: Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	316,986	$ 326,955
Real Estate Loans: Commercial [Member] | Residential Properties [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	200
Real Estate Loans: Commercial [Member] | Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	1,026
Real Estate Loans: Commercial [Member] | Collateral-Dependent [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 1,226

Allowance for Loan Losses (Summ

Allowance for Loan Losses (Summary of Information Pertaining to Impaired Loans ) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Loan
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	$ 167
Unpaid principal balance, with no related allowance	167
Average recorded investment, with no related allowance	2,692
Interest income recognized, with no related allowance	12
Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	153
Unpaid principal balance, with no related allowance	153
Average recorded investment, with no related allowance	231
Interest income recognized, with no related allowance	12
Real Estate Loans: Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	14
Unpaid principal balance, with no related allowance	14
Average recorded investment, with no related allowance	21
Real Estate Loans: Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment, with no related allowance	$ 2,440
Real Estate Loans: Average Commercial [Member] | Paid Off In Full [Member]
Financing Receivable, Impaired [Line Items]
Number of real estate loans | Loan	1

Allowance for Loan Losses (Loan

Allowance for Loan Losses (Loans by Credit Quality Indicator by Origination Year) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 558,536	$ 576,709
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans		556,453
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans		4,384
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans		15,862
Loss [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans		10
Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	12,203
2022	36,365
2021	29,525
2020	18,067
2019	10,345
Prior	65,500
Total Loans	172,005	175,904
Current period gross chargeoffs, 2021	3
Current period gross chargeoffs, Total	3
Real Estate Loans: One-to-Four Family [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	12,203
2022	36,103
2021	29,486
2020	17,975
2019	10,075
Prior	63,928
Total Loans	169,770	173,857
Real Estate Loans: One-to-Four Family [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	262
2021	39
2020	92
2019	270
Prior	1,572
Total Loans	2,235	2,047
Real Estate Loans: Home Equity [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	3,660
2022	3,120
2021	102
2020	47
2019	274
Prior	511
Revolving Loans	44,155
Total Loans	51,869	53,057
Real Estate Loans: Home Equity [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	3,660
2022	3,120
2021	102
2020	47
2019	274
Prior	511
Revolving Loans	43,862
Total Loans	51,576	52,269
Real Estate Loans: Home Equity [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	293
Total Loans	293	788
Real Estate Loans: Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	15,396
2022	85,587
2021	50,797
2020	44,452
2019	44,762
Prior	75,992
Total Loans	316,986	326,955
Real Estate Loans: Commercial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	15,396
2022	85,587
2021	50,797
2020	42,226
2019	38,694
Prior	72,256
Total Loans	304,956	314,218
Real Estate Loans: Commercial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	984
2019	682
Total Loans	1,666	3,272
Real Estate Loans: Commercial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	1,242
2019	5,386
Prior	3,736
Total Loans	10,364	9,465
Other Loans: Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,243
2022	2,591
2021	995
2020	622
2019	5,779
Prior	5,316
Total Loans	16,546	19,576
Other Loans: Commercial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,243
2022	2,591
2021	732
2020	622
2019	1,901
Prior	4,997
Total Loans	12,086	14,926
Other Loans: Commercial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021	263
2019	764
Total Loans	1,027	1,112
Other Loans: Commercial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2019	3,114
Prior	319
Total Loans	3,433	3,538
Other Loans: Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	269
2022	245
2021	81
2020	137
2019	2
Prior	210
Revolving Loans	186
Total Loans	1,130	1,217
Current period gross chargeoffs, 2022	8
Current period gross chargeoffs, 2021	3
Current period gross chargeoffs, 2020	3
Current period gross chargeoffs, 2019	4
Current period gross chargeoffs, Revolving Loans	40
Current period gross chargeoffs, Total	58
Other Loans: Consumer [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	269
2022	245
2021	79
2020	136
2019	2
Prior	210
Revolving Loans	184
Total Loans	1,125	1,183
Other Loans: Consumer [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021	2
2020	1
Revolving Loans	2
Total Loans	$ 5	24
Other Loans: Consumer [Member] | Loss [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans		$ 10

Allowance for Loan Losses (Su_2

Allowance for Loan Losses (Summary of Loans Classified as TDRs) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Real Estate Loans: Commercial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percentage of Total Class of Financing Receivable	1.53%
Other Loans: Commercial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percentage of Total Class of Financing Receivable	6.24%
Add Co-Borrower/Guarantor [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-Modification Outstanding Recorded Investment	$ 4,859
Add Co-Borrower/Guarantor [Member] | Real Estate Loans: Commercial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-Modification Outstanding Recorded Investment	4,859
Combination Term Extension and Add Co-Borrower [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-Modification Outstanding Recorded Investment	1,046
Combination Term Extension and Add Co-Borrower [Member] | Other Loans: Commercial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-Modification Outstanding Recorded Investment	$ 1,046

Premises and Equipment (Schedul

Premises and Equipment (Schedule of Premises and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 21,992	$ 21,645
Accumulated depreciation	(14,122)	(13,359)
Premises and equipment, net	7,870	8,286
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,210	1,209
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	13,186	13,130
Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 7,596	$ 7,306

Premises and Equipment (Narrati

Premises and Equipment (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Premises and Equipment [Abstract]
Depreciation and amortization of premises and equipment	$ 807,000	$ 856,000

Deposits (Schedule of Deposits)

Deposits (Schedule of Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Demand deposits: Non-interest bearing	$ 95,186	$ 105,678
Demand deposits: Interest bearing	72,966	85,033
Money market accounts	137,374	149,250
Savings accounts	64,584	77,200
Time deposits	220,814	152,958
Total Deposits	$ 590,924	$ 570,119
Weighted Average Rate - Demand deposits: Interest bearing	0.10%	0.10%
Weighted Average Rate - Money market accounts	2.75%	0.58%
Weighted Average Rate - Savings accounts	0.07%	0.05%
Weighted Average Rate - Time deposits	3.93%	1.59%
Weighted Average Rate on Total Deposits	2.13%	0.60%

Deposits (Schedule of Maturitie

Deposits (Schedule of Maturities of Time Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
2024	$ 150,502
2025	58,883
2026	3,874
2027	4,810
2028	2,745
Time deposits	$ 220,814	$ 152,958

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Time Deposit, $250,000 or More	$ 38.4	$ 28.3
Deposits of directors, executive officers and their affiliates	$ 2	$ 11.3

Deposits (Schedule of Interest

Deposits (Schedule of Interest Expense on Deposits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Interest bearing checking accounts	$ 75	$ 78
Money market accounts	1,914	486
Savings accounts	47	41
Time deposits	6,033	1,210
Interest expense on deposits	$ 8,069	$ 1,815

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Federal home loan bank maximum lending value	$ 36,800,000	$ 116,100,000
Short-term borrowings		12,596,000
Federal home loan bank advances outstanding	35,300,000	37,500,000
Long term debt	35,250,000	24,950,000
Federal Home Loan Bank of New York [Member]
Debt Instrument [Line Items]
Short-term borrowings	$ 0	$ 12,600,000
Short-term Debt, Weighted Average Interest Rate		4.59%
Long-term debt, weighted average interest	3.41%	2.24%
Minimum [Member] | Federal Home Loan Bank of New York [Member]
Debt Instrument [Line Items]
Federal Home Loan Bank, Advances, Short-Term, Fixed Interest Rate		4.57%
Federal home Loan bank advances long-term fixed interest rate	1.70%
Maximum [Member] | Federal Home Loan Bank of New York [Member]
Debt Instrument [Line Items]
Federal Home Loan Bank, Advances, Short-Term, Fixed Interest Rate		4.61%
Federal home Loan bank advances long-term fixed interest rate	5.20%
Federal Reserve Bank Advances [Member]
Debt Instrument [Line Items]
Federal reserve bank, overnight borrowings outstanding	$ 0	$ 0
Fair value of securities pledged as collateral		12,200,000
Book value of securities pledged as collateral to borrow		14,400,000
Correspondent Bank [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	27,000,000
Line of credit outstanding balances	0	$ 0
Unsecured Debt [Member] | Correspondent Bank [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	25,000,000
Secured Debt [Member] | Correspondent Bank [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 2,000,000

Borrowings (Long-term Debt from

Borrowings (Long-term Debt from FHLBNY and Related Contractual Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Borrowings [Abstract]
Amount Outstanding, Maturity in Year One	$ 25,000	$ 4,950
Amount Outstanding, Maturity in Year Two	8,250	15,000
Amount Outstanding, Maturity in Year Three	1,000	3,000
Amount Outstanding, Maturity in Year Four	1,000	1,000
Amount Outstanding, Maturity in Year Five		1,000
Long-Term Debt, Total	$ 35,250	$ 24,950
Weighted Average Interest Rate, Maturity in Year One	3.28%	2.31%
Weighted Average Interest Rate, Maturity in Year Two	3.79%	2.01%
Weighted Average Interest Rate, Maturity in Year Three	3.49%	2.44%
Weighted Average Interest Rate, Maturity in Year Four	3.49%	3.49%
Weighted Average Interest Rate, Maturity in Year Five		3.49%
Long-term Federal Home Loan Bank Advances, Weighted Average Interest Rate	3.41%	2.24%

Leases Obligations (Narrative)

Leases Obligations (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) Agreement Item	Dec. 31, 2022 USD ($) Agreement Item
Operating lease extention options	5 years
Number of branch offices under operating lease | Item	2	2
Operating lease ROU assets	$ 231,000	$ 373,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets Standard Label	Other assets Standard Label
Operating lease liabilities	$ 242,000	$ 390,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Operating lease costs	$ 150,000	$ 150,000
Number of long-term finance lease agreement | Agreement	1	1
Outstanding balance of finance lease	$ 475,000	$ 554,000
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Finance lease weighted-average discount rate	9.22%	9.22%
Finance lease remaning term	4 years 6 months
Premises and equipment	$ 21,992,000	$ 21,645,000
Accumulated depreciation	14,122,000	13,359,000
Finance Lease [Member]
Premises and equipment	1,100,000	1,100,000
Accumulated depreciation	$ 756,000	$ 714,000

Lease Obligations (Summary of I

Lease Obligations (Summary of Information Related to Leases Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 157	$ 157
Operating cash flows from finance leases	51	57
Financing cash flows from finance leases	$ 81	$ 69
Weighted-average remaining lease term, operating leases, in years	1 year 7 months 6 days	2 years 7 months 6 days
Weighted-average discount rate – operating leases	2.61%	2.61%

Lease Obligations (Summary of M

Lease Obligations (Summary of Maturity of Remaining Lease Liabilities) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 157,000
2025	90,000
Total Lease Payments	247,000
Less: Amounts representing interest	(5,000)
Present value of lease liabilities	242,000	$ 390,000
Finance Lease
2024	136,000
2025	136,000
2026	136,000
2027	136,000
2028	56,000
Total Lease Payments	600,000
Less: Amounts representing interest	(125,000)
Present value of lease liabilities	$ 475,000	$ 554,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal income tax at statutory rate	21%	21%
Deferred tax asset valuation allowance	$ 1,203,000	$ 1,126,000
(Decrease) Increase in deferred tax asset valuation	77,000	674,000
Amount of unrecognized deferred tax liability, bad debt reserve	$ 2,200,000	$ 2,200,000
IRS [Member] | Tax Year 2020 [Member]
Tax year subject to examination	2020
IRS [Member] | Tax Year 2021 [Member]
Tax year subject to examination	2021
IRS [Member] | Tax Year 2022 [Member]
Tax year subject to examination	2022
IRS [Member] | Tax Year 2023 [Member]
Tax year subject to examination	2023
New York State Taxation [Member]
Percentage deduction of net interest income received from qualifying loans due to change in tax laws	50%
New York State Taxation [Member] | Tax Year 2020 [Member]
Tax year subject to examination	2020
New York State Taxation [Member] | Tax Year 2021 [Member]
Tax year subject to examination	2021
New York State Taxation [Member] | Tax Year 2022 [Member]
Tax year subject to examination	2022
New York State Taxation [Member] | Tax Year 2023 [Member]
Tax year subject to examination	2023
Deferred Tax Asset for 2011 Other Than Temporary Impairment Charge [Member]
Deferred tax asset valuation allowance	$ 129,000
Anticipated Net Operating Loss Expiration Dates of 2035 through 2042 [Member] | State and Local Jurisdiction [Member]
Deferred tax asset valuation allowance	$ 1,074,000

Income Taxes (Schedule of Provi

Income Taxes (Schedule of Provision for Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Abstract]
Current: Federal	$ 1,377	$ 1,343
Current: State	5	6
Total Current	1,382	1,349
Deferred: Federal	17	(187)
Total Deferred	17	(187)
Total Income Tax Expense	$ 1,399	$ 1,162

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation of Statutory Federal Income Tax) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Abstract]
Federal income tax at statutory rate	21%	21%
State benefit, net of federal expense	(1.30%)	(0.60%)
Tax-exempt interest income	(3.30%)	(3.60%)
Deferred tax valuation allowance	1.30%	0.60%
Life insurance income	3.50%	(1.00%)
Other	1.30%	0.50%
Total Income Tax Expense	22.50%	16.90%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Unrealized losses on securities available for sale	$ 3,075	$ 3,372
Allowance for credit loss	1,798	1,822
Deferred compensation	1,460	1,370
Net Operating Loss ("NOL")	153	62
Impairment of equity investments	129	129
Accrued expenses	84	121
Right of use liability	48	80
Stock options granted	16	21
Other	13	18
Total Deferred Tax Assets	6,776	6,995
Deferred tax liabilities:
Deferred loan origination costs	(972)	(1,004)
Depreciation	(576)	(598)
Prepaid Expenses	(36)	(97)
Right of use assets	(49)	(78)
Other	(49)	(123)
Total Deferred Tax Liabilities	(1,682)	(1,900)
Deferred tax valuation allowance	(1,203)	(1,126)
Net Deferred Tax Assets	$ 3,891	$ 3,969

Employee and Director Benefit_2

Employee and Director Benefit Plans (Details)				12 Months Ended
	Mar. 29, 2018 USD ($) Item Employee	May 18, 2016	Jan. 27, 2016	Dec. 31, 2023 USD ($) Employee	Dec. 31, 2022 USD ($)
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Cash surrender value of life insurance				$ 29,400,000	$ 23,200,000
Discount rate for projected benefit obligation				6.17%
401(k) [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Maximum employee contribution of employee gross pay				75%
Defined contribution plan cost recognized				$ 452,000	527,000
401(k) [Member] | Maximum [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Defined contribution plan, employer matching percentage of employee deferral				40%
Defined contribution plan, employer discretionary matching contribution , percent				6%
Profit Sharing [Member] | Maximum [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Defined contribution plan, employer discretionary matching contribution , percent				5.10%
Safe Harbor Discretionary Employer Contribution [Member] | Maximum [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Defined contribution plan, employer discretionary matching contribution , percent				3.40%
1999 Supplemental Benefit Plans [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Benefit obligation				$ 324,000	453,000
Discount rate for projected benefit obligation				6.17%
Benefit plan postretirement benefit payout period				15 years
Compensation cost				$ 23,000	35,000
Non-Qualified Executive Supplemental Benefit Plans and Non-Qualified Directors Supplemental Benefit Plan - "The 2001 Plan" [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Benefit obligation				2,800,000	$ 2,600,000
Discount rate for projected benefit obligation					6.17%
Supplemental Executive Retirement Plan - 2012 Plan [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Benefit obligation				$ 1,600,000	$ 1,300,000
Discount rate for projected benefit obligation				5.12%	5.12%
Benefit plan, full benefit eligibility retirement age				67 years
Number of executive under supplemental executive benefit plan | Employee				1
Benefit plan postretirement benefit payout period				15 years
Non-Qualified Executive Supplemental Benefit Plans and Non-Qualified Directors Supplemental Benefit Plans - "The 2001 and 2012 Plans" [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Compensation cost				$ 819,000	$ 567,000
Non-Qualified Supplemental Benefit Plans for Directors 2001 [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Maximum years of service multiplied with average final pay			20 years
Percent applied on average final pay to determine benefit			40%
Benefit plan postretirement benefit payout period			15 years
Non-Qualified Executive Supplemental Benefit Plans 2001 [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Maximum years of service multiplied with average final pay		20 years
Percent applied on average final pay to determine benefit		40%
Benefit plan postretirement benefit payout period		15 years
2018 Retention Agreement [Member]
Defined Contribution And Defined Benefit Plans Disclosure [Line Items]
Cash surrender value of life insurance				29,400,000	23,200,000
Benefit obligation				$ 627,000	$ 492,000
Discount rate for projected benefit obligation				5.12%	5.12%
Aggregate amount payable under retention agreement	$ 1,400,000
Compensation cost				$ 135,000	$ 122,000
Number Of Equal Payment Installments | Item	3
Number of executives under retention agreement | Employee	1

Stock-based Compensation (Narra

Stock-based Compensation (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) Item shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2006 USD ($) $ / shares shares	May 23, 2012 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock-based compensation plans | Item	3
ESOP compensation expense | $	$ 86,000	$ 110,000
ESOP, shares earned	7,935	7,935
2006 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award expiration date	Oct. 24, 2016
Stock option award vesting period	5 years
Stock awards available for grant, shares	0
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation number of stock shares vested	11,734	4,145
Employee Stock Ownership Plan "ESOP" [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period	5 years
ESOP, loan amount | $	$ 1,300,000		$ 2,600,000
ESOP, shares acquired			238,050
ESOP, stock purchase price | $ / shares			$ 10.7
ESOP, reduction to stockholders' equity from purchased shares | $			$ 2,600,000
ESOP, fair value of unallocated shares | $	$ 1,100,000
ESOP, number of allocated shares	74,895	83,467
ESOP, number of unallocated shares	103,153	103,153
ESOP compensation expense | $	$ 86,000	$ 110,000
ESOP, shares earned	7,935	7,935
Restricted Stock [Member] | 2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation number of stock shares vested	109,620
Stock awards available for grant, shares	52,261
Compensation cost | $	$ 17,000	$ 225,000
Unrecognized compensation cost related to awards | $	$ 60,000
Unrecognized compensation cost, recognition period	10 months 6 days
Employee Stock Option | 2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards available for grant, shares	6,899
Non-Interest Expense Section [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $	$ 103,000	$ 335,000
Maximum [Member] | 2006 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation number of shares authorized	297,562
Share-based payment award expiration period	10 years
Maximum [Member] | Restricted Stock [Member] | 2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation number of shares authorized				180,000
Maximum [Member] | Employee Stock Option | 2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation number of shares authorized				20,000

Stock-based Compensation (Summa

Stock-based Compensation (Summary of Status of Stock Option Plan) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
2006 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of year	58,857	64,548
Forfeited		(5,691)
Outstanding at end of period	58,857	58,857
Options exercisable at end of period	58,857	58,857
Outstanding at beginning of year, Weighted Average Exercise Price	$ 14.38	$ 14.38
Forfeited, Weighted Average Exercise Price		14.38
Outstanding at end of period, Weighted Average Exercise Price	14.38	14.38
Options exercisable at end of period, Weighted Average Exercise Price	$ 14.38	$ 14.38
Options Outstanding at end of period, Remaining Contractual Life	2 years 9 months 18 days	3 years 9 months 18 days
Options Exercisable at end of period, Remaining Contractual Life	2 years 9 months 18 days	3 years 9 months 18 days
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of year	20,000	20,000
Expired	(6,899)
Outstanding at end of period	13,101	20,000
Options exercisable at end of period	13,101	20,000
Outstanding at beginning of year, Weighted Average Exercise Price	$ 14.38	$ 14.38
Expired, Weighted Average Exercise Price	14.38
Outstanding at end of period, Weighted Average Exercise Price		14.38
Options exercisable at end of period, Weighted Average Exercise Price	$ 14.38	$ 14.38
Options Outstanding at end of period, Remaining Contractual Life	2 years 9 months 18 days	3 years 9 months 18 days
Options Exercisable at end of period, Remaining Contractual Life	2 years 9 months 18 days	3 years 9 months 18 days

Stock-based Compensation (Sched

Stock-based Compensation (Schedule of Unvested Restricted Stock Activity) (Details) - 2012 Equity Incentive Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares outstanding at beginning of year	43,866	29,495
Granted	8,282	29,132
Vested	(11,734)	(4,145)
Forfeited	(22,296)	(10,616)
Unvested shares outstanding at end of period	18,118	43,866
Unvested shares outstanding at beginning of year, Weighted Average Grant Price	$ 15.02	$ 15.24
Granted, Weighted Average Grant Price	12.91	14.81
Vested, Weighted Average Grant Price	15.39	15
Forfeited, Weighted average Grant Price	14.93	15.07
Unvested shares outstanding at end of period, Weighted Average Grant Price	$ 13.91	$ 15.02

Stock-based Compensation (Sch_2

Stock-based Compensation (Schedule of Awards Granted ) (Details) - 2012 Equity Incentive Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair Value per Share of Award on Grant Date	$ 12.91	$ 14.81
Restricted Stock [Member] | January 17, 2023 [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Stock Awards	2,709
Percentage of Awards Vesting	100%
Fair Value per Share of Award on Grant Date	$ 12.92
Restricted Stock [Member] | January 18, 2023 [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Stock Awards	4,573
Percentage of Awards Vesting	100%
Fair Value per Share of Award on Grant Date	$ 12.9
Restricted Stock [Member] | January 18, 2023 [Member] | Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Stock Awards	1,000
Percentage of Awards Vesting	20%
Fair Value per Share of Award on Grant Date	$ 12.9

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Narrative) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate	$ 34,000	$ 95,000

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Fair Value of Assets Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	$ 60,442	$ 73,047
Derivative, Fair Value		273
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	18	8
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	60,424	73,039
Derivative, Fair Value		273
Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	60,424	73,039
U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	1,874	1,833
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	33,050	42,414
Collateralized Mortgage Obligations - Private Label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	10	11
Collateralized Mortgage Obligations - Government Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	10,400	12,155
Asset-Backed Securities - Private label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	31	96
Asset-Backed Securities - Government sponsored entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	2	4
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	18	$ 8
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other liabilities
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	60,442	$ 73,047
Fair Value, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	18	8
Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	60,424	73,039
Fair Value, Recurring [Member] | Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	60,424	73,039
Fair Value, Recurring [Member] | Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	60,424	73,039
Fair Value, Recurring [Member] | U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	1,874	1,833
Fair Value, Recurring [Member] | U.S. Government Agencies [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	1,874	1,833
Fair Value, Recurring [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	33,050	42,414
Fair Value, Recurring [Member] | Municipal Bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	33,050	42,414
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations - Private Label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	10	11
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations - Private Label [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	10	11
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations - Government Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	10,400	12,155
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations - Government Sponsored Entities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	10,400	12,155
Fair Value, Recurring [Member] | Government National Mortgage Association [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	55	59
Fair Value, Recurring [Member] | Government National Mortgage Association [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	55	59
Fair Value, Recurring [Member] | Federal National Mortgage Association [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	10,189	11,246
Fair Value, Recurring [Member] | Federal National Mortgage Association [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	10,189	11,246
Fair Value, Recurring [Member] | Federal Home Loan Mortgage Corporation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	4,813	5,221
Fair Value, Recurring [Member] | Federal Home Loan Mortgage Corporation [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	4,813	5,221
Fair Value, Recurring [Member] | Asset-Backed Securities - Private label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	31	96
Fair Value, Recurring [Member] | Asset-Backed Securities - Private label [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	31	96
Fair Value, Recurring [Member] | Asset-Backed Securities - Government sponsored entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	2	4
Fair Value, Recurring [Member] | Asset-Backed Securities - Government sponsored entities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	2	4
Fair Value, Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	18	8
Fair Value, Recurring [Member] | Equity Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	$ 18	8
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Fair Value		273
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Fair Value		$ 273

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Assets Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Foreclosed real estate	$ 34,000	$ 95,000
Fair Value, Nonrecurring [Member] | Collateral Dependent Loans [Member]
Fair Value Estimate	1,369,000
Fair Value, Nonrecurring [Member] | Collateral Dependent Loans [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Estimate	1,369,000
Fair Value, Nonrecurring [Member] | Foreclosed Real Estate [Member]
Fair Value Estimate	34,000
Fair Value, Nonrecurring [Member] | Foreclosed Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Estimate	34,000
Fair Value, Nonrecurring [Member] | Mortgage Servicing Rights [Member]
Fair Value Estimate	191,000	209,000
Fair Value, Nonrecurring [Member] | Mortgage Servicing Rights [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Estimate	$ 191,000	$ 209,000

Fair Value of Financial Instr_6

Fair Value of Financial Instruments (Additional Quantitative Information About Assets Measured at Fair Value) (Details) - Fair Value, Nonrecurring [Member] $ in Thousands	Dec. 31, 2023 USD ($) Items	Dec. 31, 2022 USD ($) Items
Collateral Dependent Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Estimate | $	$ 1,369
Collateral Dependent Loans [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Estimate | $	1,369
Foreclosed Real Estate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Estimate | $	34
Foreclosed Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Estimate | $	34
Mortgage Servicing Rights [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Estimate | $	191	$ 209
Mortgage Servicing Rights [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Estimate | $	$ 191	$ 209
Valuation Technique Appraisal of Collateral [Member] | Collateral Dependent Loans [Member] | Measurement Input, Direct Disposal Costs [Member] | Minimum [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.08
Valuation Technique Appraisal of Collateral [Member] | Collateral Dependent Loans [Member] | Measurement Input, Direct Disposal Costs [Member] | Maximum [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.10
Valuation Technique Appraisal of Collateral [Member] | Collateral Dependent Loans [Member] | Measurement Input, Direct Disposal Costs [Member] | Weighted Average [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.0975
Valuation Technique Appraisal of Collateral [Member] | Foreclosed Real Estate [Member] | Measurement Input, Direct Disposal Costs [Member] | Weighted Average [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.08
Valuation Technique, Discounted Cash Flow [Member] | Foreclosed Real Estate [Member] | Measurement Input, Direct Disposal Costs [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.08
Valuation Technique, Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | Measurement Input, Servicing Fees [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.0025	0.0025
Valuation Technique, Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | Measurement Input, Servicing Fees [Member] | Weighted Average [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.0025	0.0025
Valuation Technique, Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | Measurement Input, Servicing Costs [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.0009	0.0015
Valuation Technique, Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | Measurement Input, Servicing Costs [Member] | Weighted Average [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value measurement unobservable inputs	0.0009	0.0015
Valuation Technique, Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | Measurement Input, Estimated Life Of Loans [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Securities, Available-for-Sale, Term	5 years 3 months 25 days	5 years
Valuation Technique, Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | Measurement Input, Estimated Life Of Loans [Member] | Weighted Average [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Securities, Available-for-Sale, Term	5 years 3 months 25 days	5 years

Fair Value of Financial Instr_7

Fair Value of Financial Instruments (Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Cash and cash equivalents	$ 53,730	$ 9,633
Financial assets: Securities	60,442	73,047
Financial assets: Federal Home Loan Bank stock	2,293	2,330
Financial assets: Loans receivable, net	530,735	546,278
Financial Assets: Interest rate swap		273
Financial assets: Accrued interest receivable	2,835	2,796
Financial assests: Bank owned life insurance	29,355
Financial assets: Mortgage Servicing Rights	191	209
Financial liabilities: Deposits	589,243	571,521
Financial liabilities: Short-term borrowings		12,596
Financial liabilities: Long-term debt	34,757	23,946
Financial liabilities: Accrued interest payable	829	66
Financial assets: Cash and cash equivalents, Carrying Amount	53,730	9,633
Financial assets: Federal Home Loan Bank stock, Carrying Amount	2,293	2,330
Financial assets: Loans receivable, net, Carrying Amount	555,828	573,537
Financial assets: Accrued interest receivable, Carrying Amount	2,835	2,796
Financial assets: Interest Rate Swap,carrying Amount		273
Financial assets:Bank-owned life insurance, Carrying Amount	29,355	23,218
Financial assets: Mortgage Servicing Rights, Carrying Amount	191	209
Financial liabilities: Deposits, Carrying Amount	590,924	570,119
Financial liabilities: Short-term borrowings, Carrying Amount		12,596
Financial liabilities: Long-term debt, Carrying Amount	35,250	24,950
Financial liabilities: Accrued interest payable, Carrying Amount	829	66
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Cash and cash equivalents	53,730	9,633
Financial assets: Securities	18	8
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Securities	60,424	73,039
Financial assets: Federal Home Loan Bank stock	2,293	2,330
Financial Assets: Interest rate swap		273
Financial assets: Accrued interest receivable	2,835	2,796
Financial assests: Bank owned life insurance	29,355
Financial liabilities: Deposits	589,243	571,521
Financial liabilities: Short-term borrowings		12,596
Financial liabilities: Long-term debt	34,757	23,946
Financial liabilities: Accrued interest payable	829	66
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Loans receivable, net	530,735	546,278
Financial assets: Mortgage Servicing Rights	$ 191	$ 209

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Narrative ) (Details)	Dec. 31, 2023	Dec. 31, 2022
Community bank leverage ratio	0.1268	0.124
Total Risk-Based capital ratio	0.1777
Tier 1 Leverage capital ratio required to be considered "well-capitalized"	0.05
Total Risk-Based capital ratio required to be considered "well-capitalized"	0.10
Minimum [Member]
Community bank leverage ratio	0.10	0.09
Total Risk-Based capital ratio	0.13

Regulatory Capital Requiremen_4

Regulatory Capital Requirements (Reconciliation of GAAP Capital to Regulatory Tier 1 and Total Capital) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Regulatory Capital Requirements [Abstract]
GAAP (Equity) Capital:	$ 82,487	$ 77,051
Plus: Unrealized losses on available-for-sale debt securities, net of tax	9,385	10,332
Tier 1 Capital and CET1 Capital	$ 91,872	$ 87,383

Earnings Per Share (Calculated

Earnings Per Share (Calculated Basic and Diluted Earnings Per Share) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Earnings per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Numerator- net income	$ 4,820,000	$ 5,708,000
Denominator: Basic weighted average shares outstanding	5,855,505	5,879,438
Diluted weighted average shares outstanding	5,855,505	5,879,438
Earnings per share: Basic	$ 0.82	$ 0.97
Earnings per share: Diluted	$ 0.82	$ 0.97
2006 Stock Option Plan [Member]
Earnings per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share	58,857
2012 Equity Incentive Plan [Member]
Earnings per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share	13,101
Stock options outstanding weighted average exercise price	$ 14.38

Commitments to Extend Credit (D

Commitments to Extend Credit (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Other Commitments [Line Items]
Off-Balance-Sheet, Credit Loss, Liability	$ 487,000	$ 0
Commitments to Grant Loans [Member]
Other Commitments [Line Items]
Commitments to extend credit	21,045,000	26,334,000
Unfunded Commitments Under Lines of Credit [Member]
Other Commitments [Line Items]
Commitments to extend credit	75,721,000	$ 74,848,000
Commercial and Standby Letters of Credit [Member]
Other Commitments [Line Items]
Commitments to extend credit	$ 1,212,000

Parent Company Only Financial_3

Parent Company Only Financial Information (Statements of Financial Condition) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and due from banks	$ 4,648	$ 4,503
Other assets	12,765	7,067
Total Assets	725,118	699,914
Other liabilities	9,364	7,757
Total stockholders' equity	86,273	81,184	$ 87,976
Total Liabilities and Stockholders' Equity	725,118	699,914
Parent Company [Member]
Cash and due from banks	2,272	2,084
Investment in subsidiary	82,487	77,050
ESOP loan receivable	1,294	1,359
Other assets	337	721
Total Assets	86,390	81,214
Other liabilities	117	30
Total stockholders' equity	86,273	81,184
Total Liabilities and Stockholders' Equity	$ 86,390	$ 81,214

Parent Company Only Financial_4

Parent Company Only Financial Information (Statements of Income) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Non-Interest Expenses	$ 21,817,000	$ 19,448,000
Income before Income Taxes	6,219,000	6,870,000
Income tax benefit	1,399,000	1,162,000
Net Income	4,820,000	5,708,000
Parent Company [Member]
Interest income	183,000	145,000
Dividend distributed by bank subsidiary		3,000,000
Other	7,000	5,000
Total Income	190,000	3,150,000
Non-Interest Expenses	577,000	494,000
Income before income taxes and equity in undistributed net income of subsidiary	(387,000)	2,656,000
Income tax benefit	(81,000)	(99,000)
Income before undistributed net income of subsidiary	(306,000)	2,755,000
Equity in undistributed net income of subsidiary	5,126,000	2,953,000
Net Income	$ 4,820,000	$ 5,708,000

Parent Company Only Financial_5

Parent Company Only Financial Information (Statements of Comprehensive Income (Loss)) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Income (Loss)	$ 4,820,000	$ 5,708,000
Other Comprehensive Income (Loss), net of tax (expense) benefit:
Unrealized holding gain (losses) on securities available for sale of subsidiary, net of tax (expense) benefit	905,000	(11,298,000)
Reclassification adjustments related to: Recovery on previously impaired investment securities included in net income of subsidiary, net of tax expense	(5,000)	(12,000)
Net loss on sale of securities included in net income, net of tax benefit	47,000
Total Other Comprehensive Income (Loss)	947,000	(11,310,000)
Total Comprehensive Income (Loss)	5,767,000	(5,602,000)
Parent Company [Member]
Net Income (Loss)	4,820,000	5,708,000
Other Comprehensive Income (Loss), net of tax (expense) benefit:
Unrealized holding gain (losses) on securities available for sale of subsidiary, net of tax (expense) benefit	905,000	(11,298,000)
Reclassification adjustments related to: Recovery on previously impaired investment securities included in net income of subsidiary, net of tax expense	(5,000)	(12,000)
Net loss on sale of securities included in net income, net of tax benefit	47,000
Total Other Comprehensive Income (Loss)	947,000	(11,310,000)
Total Comprehensive Income (Loss)	$ 5,767,000	$ (5,602,000)

Parent Company Only Financial_6

Parent Company Only Financial Information (Statement of Comprehensive Income (loss)) - Tax Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other comprehensive income, Recovery on previously impaired investment securities included in net income, tax	$ (2)	$ (3)
Net loss on sale of securities included in net income, tax benefit	12
Subsidiary [Member]
Unrealized holding losses on securities available for sale, tax benefit	(241)	3,004
Other comprehensive income, Recovery on previously impaired investment securities included in net income, tax	2	$ 3
Net loss on sale of securities included in net income, tax benefit	$ 12

Parent Company Only Financial_7

Parent Company Only Financial Information (Statements of Cash Flows) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Income (Loss)	$ 4,820,000	$ 5,708,000
ESOP shares committed to be released	86,000	110,000
Decrease (increase) in other assets	534,000	802,000
Increase in other liabilities	1,055,000	455,000
Net Cash Provided by Operating Activities	6,205,000	8,205,000
Net Cash Provided by (Used in) Investing Activities	19,523,000	(57,204,000)
Purchase of treasury stock	(58,000)	(85,000)
Cash dividends paid		(1,440,000)
Net Cash Provided by (Used in) Financing Activities	18,369,000	(8,953,000)
Net Increase (Decrease) in Cash and Cash Equivalents	44,097,000	(57,952,000)
CASH AND CASH EQUIVALENTS - BEGINNING	9,633,000	67,585,000
CASH AND CASH EQUIVALENTS - ENDING	53,730,000	9,633,000
Parent Company [Member]
Net Income (Loss)	4,820,000	5,708,000
ESOP shares committed to be released	86,000	110,000
Stock based compensation expense	17,000	225,000
Decrease (increase) in other assets	297,000	(631,000)
Increase in other liabilities	87,000	4,000
Equity in undistributed earnings of subsidiary	(5,126,000)	(2,953,000)
Net Cash Provided by Operating Activities	181,000	2,463,000
Payments received on ESOP Loan	65,000	61,000
Net Cash Provided by (Used in) Investing Activities	65,000	61,000
Purchase of treasury stock	(58,000)	(85,000)
Cash dividends paid		(1,440,000)
Net Cash Provided by (Used in) Financing Activities	(58,000)	(1,525,000)
Net Increase (Decrease) in Cash and Cash Equivalents	188,000	999,000
CASH AND CASH EQUIVALENTS - BEGINNING	2,084,000	1,085,000
CASH AND CASH EQUIVALENTS - ENDING	$ 2,272,000	$ 2,084,000

Treasury Stock (Details)

Treasury Stock (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased at average cost	4,923	5,701
Treasury stock transferred to fund awards granted		29,132
Treasury stock transferred, average cost per share	$ 9.39
Common Stock Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased at average cost	0	5,701
Repurchased shares of common stock average cost per share		$ 14.91
Remaining number of shares authorized to be repurchased under stock repurchase program	30,626	30,626
2012 Equity Incentive Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased at average cost	4,923
Repurchased shares of common stock average cost per share	$ 11.6
Treasury stock transferred to fund awards granted	8,282
Treasury stock transferred, average cost per share		$ 9.39
2012 Equity Incentive Plan [Member] | Stock Forfeitures [Member]
Equity, Class of Treasury Stock [Line Items]
Treasury stock transferred to fund awards granted	22,296	10,616
Treasury stock transferred, average cost per share	$ 9.39

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) (Tax Effects Allocated to Single Component of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other Comprehensive Loss [Abstract]
Net unrealized gains (losses) arising during the period,before tax	$ 1,146	$ (14,302)
Less: reclassification adjustments related to: Loss on sale of securities included in net income, before tax	59
Less: reclassification adjustments related to: Recovery on previously impaired investment securities included in net income, before tax	(7)	(15)
Total Other Comprehensive Income (Loss), before tax	1,198	(14,317)
Net unrealized gains (losses) on securities available for sale arising during the year, tax benefit (expenses)	(241)	3,004
Less: reclassification adjustments related to: Loss on sale of securities included in net income, tax benefit (expense)	(12)
Less: reclassification adjustments related to: Recovery on previously impaired investment securities included in net income, tax benefit (expense)	2	3
Total Other Comprehensive Income (Loss), tax benefit (expenses)	(251)	3,007
Net unrealized gains (losses) on securities available for sale arising during the year, net of tax	905	(11,298)
Net loss on sale of securities included in net income, net of tax benefit	47
Reclassification adjustments related to: Recovery on previously impaired investment securities included in net income of subsidiary, net of tax expense	(5)	(12)
Total Other Comprehensive Income (Loss)	$ 947	$ (11,310)

Other Comprehensive Income (L_4

Other Comprehensive Income (Loss) (Reclassification Out of Accumulated Other Comprehensive Loss) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss on sale of securities included in net income	$ 59,000
Recovery on previously impaired investment securities	7,000	$ 15,000
Provision for income tax (benefit) expense	1,399,000	1,162,000
Net Income (Loss)	4,820,000	5,708,000
Net Unrealized Losses on Securities Available for Sale [Member] | Reclassification out of Accumulated Other Comprehensive (Loss) Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss on sale of securities included in net income	59,000
Recovery on previously impaired investment securities	(7,000)	(15,000)
Provision for income tax (benefit) expense	(10,000)	3,000
Net Income (Loss)	$ 42,000	$ (12,000)

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue Recognition [Abstract]
Sale of foreclosed real estate financed by seller	$ 0	$ 0

Revenue Recognition (Non-Intere

Revenue Recognition (Non-Interest Income, Segregated by Revenue Streams In-Scope and Out-of-Scope of Topic 606) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Non-Interest Income	$ 2,635	$ 2,704
Debit card fees [Member]
Non-Interest Income	846	846
Service charges on deposit accounts [Member]
Non-Interest Income	709	727
Fees and other service charges [Member]
Non-Interest Income	127	126
Other [Member]
Non-Interest Income	34	37
In-Scope of Topic 606 [Member]
Non-Interest Income	1,716	1,736
Out of scope of Topic 606 [Member]
Non-Interest Income	$ 919	$ 968