Lake Shore Bancorp (LSBK) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 06, 2024
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Period End Date	Sep. 30, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,737,036
Entity Central Index Key	0001341318

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 3,458	$ 4,648
Interest earning deposits	46,523	49,082
Cash and Cash Equivalents	49,981	53,730
Securities, at fair value	58,782	60,442
Federal Home Loan Bank stock, at cost	1,157	2,293
Loans receivable, net of allowance for credit losses of $5,494 at September 30, 2024 and $6,463 at December 31, 2023	539,005	555,828
Premises and equipment, net	7,310	7,870
Accrued interest receivable	2,889	2,835
Bank owned life insurance	29,639	29,355
Other assets	8,833	12,765
Total Assets	697,596	725,118
Liabilities
Deposits: Interest bearing	488,104	495,738
Deposits: Non-interest bearing	99,459	95,186
Total Deposits	587,563	590,924
Long term debt	10,250	35,250
Advances from borrowers for taxes and insurance	1,652	3,307
Other liabilities	8,254	9,364
Total Liabilities	607,719	638,845
Stockholders' Equity
Common stock, $0.01 par value per share, 25,000,000 shares authorized; 6,836,514 shares issued and 5,737,036 shares outstanding at September 30, 2024 and 6,836,514 shares issued and 5,686,288 shares outstanding at December 31, 2023	68	68
Additional paid-in capital	31,493	31,456
Treasury stock, at cost (1,099,478 shares at September 30, 2024 and 1,150,226 shares at December 31, 2023)	(13,218)	(13,760)
Unearned shares held by ESOP	(959)	(1,023)
Unearned shares held by compensation plans	(464)	(39)
Retained earnings	81,696	78,956
Accumulated other comprehensive loss	(8,739)	(9,385)
Total Stockholders' Equity	89,877	86,273
Total Liabilities and Stockholders' Equity	$ 697,596	$ 725,118

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Consolidated Statements of Financial Condition [Abstract]
Allowance for credit losses	$ 5,494	$ 6,463
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	5,737,036	5,686,288
Treasury Stock, Shares	1,099,478	1,150,226

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest Income
Loans, including fees	$ 7,730,000	$ 7,699,000	$ 23,010,000	$ 22,426,000
Investment securities, taxable	188,000	223,000	593,000	687,000
Investment securities, tax-exempt	217,000	240,000	650,000	815,000
Interest-earning deposits & federal funds sold	716,000	559,000	1,962,000	1,214,000
Total Interest Income	8,851,000	8,721,000	26,215,000	25,142,000
Interest Expense
Deposits	3,319,000	2,104,000	9,934,000	5,332,000
Short-term borrowings				87,000
Long-term debt	139,000	309,000	525,000	884,000
Finance lease and Other	10,000	13,000	33,000	39,000
Total Interest Expense	3,468,000	2,426,000	10,492,000	6,342,000
Net Interest Income	5,383,000	6,295,000	15,723,000	18,800,000
(Credit) Provision for Credit Losses	(229,000)	(199,000)	(866,000)	(1,011,000)
Net Interest Income After (Credit) Provision for Credit Losses	5,612,000	6,494,000	16,589,000	19,811,000
Non-Interest Income
Increase in cash surrender value of bank-owned life insurance	287,000	114,000	722,000	328,000
Unrealized (loss) gain on equity securities	(4,000)	3,000	8,000	5,000
Unrealized loss on interest rate swap				(58,000)
Recovery on previously impaired investment securities	1,000	1,000	4,000	6,000
Loss on sale of securities available for sale		(3,000)		(52,000)
Other	11,000	22,000	50,000	59,000
Total Non-Interest Income	791,000	605,000	2,236,000	1,712,000
Non-Interest Expense
Salaries and employee benefits	2,742,000	2,773,000	8,155,000	8,363,000
Occupancy and equipment	680,000	715,000	2,064,000	2,212,000
Data processing	436,000	432,000	1,335,000	1,284,000
Professional services	361,000	389,000	1,085,000	2,087,000
Advertising	11,000	157,000	79,000	514,000
FDIC insurance	130,000	295,000	693,000	826,000
Postage and supplies	62,000	59,000	202,000	189,000
Other	391,000	376,000	1,093,000	1,139,000
Total Non-Interest Expense	4,813,000	5,196,000	14,706,000	16,614,000
Income before Income Taxes	1,590,000	1,903,000	4,119,000	4,909,000
Income Tax Expense	258,000	332,000	657,000	838,000
Net Income	$ 1,332,000	$ 1,571,000	$ 3,462,000	$ 4,071,000
Earnings Per Common Share: Basic	$ 0.24	$ 0.27	$ 0.62	$ 0.69
Earnings Per Common Share: Diluted	0.24	$ 0.27	0.62	$ 0.69
Dividends Declared Per Share	$ 0.18		$ 0.36
Service Charges and Fees [Member]
Non-Interest Income
Non-interest income	$ 284,000	$ 256,000	$ 835,000	$ 792,000
Debit card fees [Member]
Non-Interest Income
Non-interest income	$ 212,000	$ 212,000	$ 617,000	$ 632,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Consolidated Statements of Comprehensive (Loss) Income [Abstract]
Net Income (Loss)	$ 1,332,000	$ 1,571,000	$ 3,462,000	$ 4,071,000
Other Comprehensive Income (Loss), net of tax (expense) benefit:
Unrealized holding gains (losses) on securities available for sale, net of tax (expense) benefit	1,866,000	(3,171,000)	649,000	(2,744,000)
Recovery on previously impaired investment securities included in net income, net of tax expense	(1,000)	(2,000)	(3,000)	(5,000)
Net loss on sale of securities included in net income, net of tax benefit		3,000		42,000
Total Other Comprehensive Income (Loss)	1,865,000	(3,170,000)	646,000	(2,707,000)
Total Comprehensive Income (Loss)	$ 3,197,000	$ (1,599,000)	$ 4,108,000	$ 1,364,000

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, 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)	1,684,000							1,684,000
Other comprehensive Income (Loss), net of tax expense (benefit)	1,253,000									1,253,000
ESOP shares earned	22,000			1,000		21,000
Compensation plan shares granted					78,000		(78,000)
Compensation plan shares earned	(49,000)			(21,000)			(28,000)
Compensation plan shares forfeited					(144,000)		144,000
Common stock repurchased on vesting for payroll taxes	(56,000)				(56,000)
Ending Balance at Mar. 31, 2023	83,315,000		68,000	31,439,000	(13,693,000)	(1,087,000)	(153,000)	75,820,000		(9,079,000)
Beginning 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)	4,071,000
Other comprehensive Income (Loss), net of tax expense (benefit)	(2,707,000)
Ending Balance at Sep. 30, 2023	81,857,000		68,000	31,462,000	(13,717,000)	(1,045,000)	(79,000)	78,207,000		(13,039,000)
Beginning Balance at Mar. 31, 2023	83,315,000		68,000	31,439,000	(13,693,000)	(1,087,000)	(153,000)	75,820,000		(9,079,000)
Net Income (Loss)	816,000							816,000
Other comprehensive Income (Loss), net of tax expense (benefit)	(790,000)									(790,000)
ESOP shares earned	22,000			1,000		21,000
Compensation plan shares earned	31,000			9,000			22,000
Compensation plan shares forfeited					(22,000)		22,000
Ending Balance at Jun. 30, 2023	83,394,000		68,000	31,449,000	(13,715,000)	(1,066,000)	(109,000)	76,636,000		(9,869,000)
Net Income (Loss)	1,571,000							1,571,000
Other comprehensive Income (Loss), net of tax expense (benefit)	(3,170,000)									(3,170,000)
ESOP shares earned	22,000			1,000		21,000
Compensation plan shares earned	40,000			12,000			28,000
Compensation plan shares forfeited					(2,000)		2,000
Ending Balance at Sep. 30, 2023	81,857,000		68,000	31,462,000	(13,717,000)	(1,045,000)	(79,000)	78,207,000		(13,039,000)
Beginning Balance at Dec. 31, 2023	86,273,000		68,000	31,456,000	(13,760,000)	(1,023,000)	(39,000)	78,956,000		(9,385,000)
Net Income (Loss)	1,014,000							1,014,000
Other comprehensive Income (Loss), net of tax expense (benefit)	(798,000)									(798,000)
ESOP shares earned	23,000			2,000		21,000
Compensation plan shares earned	15,000			5,000			10,000
Common stock repurchased on vesting for payroll taxes	(17,000)				(17,000)
Ending Balance at Mar. 31, 2024	86,510,000		68,000	31,463,000	(13,777,000)	(1,002,000)	(29,000)	79,970,000		(10,183,000)
Beginning Balance at Dec. 31, 2023	86,273,000		68,000	31,456,000	(13,760,000)	(1,023,000)	(39,000)	78,956,000		(9,385,000)
Net Income (Loss)	3,462,000
Other comprehensive Income (Loss), net of tax expense (benefit)	646,000
Ending Balance at Sep. 30, 2024	89,877,000		68,000	31,493,000	(13,218,000)	(959,000)	(464,000)	81,696,000		(8,739,000)
Beginning Balance at Mar. 31, 2024	86,510,000		68,000	31,463,000	(13,777,000)	(1,002,000)	(29,000)	79,970,000		(10,183,000)
Net Income (Loss)	1,116,000							1,116,000
Other comprehensive Income (Loss), net of tax expense (benefit)	(421,000)									(421,000)
ESOP shares earned	23,000			2,000		21,000
Compensation plan shares granted					559,000		(559,000)
Compensation plan shares earned	65,000			11,000			54,000
Cash dividends declared	(361,000)							(361,000)
Ending Balance at Jun. 30, 2024	86,932,000		68,000	31,476,000	(13,218,000)	(981,000)	(534,000)	80,725,000		(10,604,000)
Net Income (Loss)	1,332,000							1,332,000
Other comprehensive Income (Loss), net of tax expense (benefit)	1,865,000									1,865,000
ESOP shares earned	27,000			5,000		22,000
Compensation plan shares earned	82,000			12,000			70,000
Cash dividends declared	(361,000)							(361,000)
Ending Balance at Sep. 30, 2024	$ 89,877,000		$ 68,000	$ 31,493,000	$ (13,218,000)	$ (959,000)	$ (464,000)	$ 81,696,000		$ (8,739,000)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Consolidated Statements of Stockholders' Equity [Abstract]
Other comprehensive Income (loss), tax expense (benefit)	$ 496	$ (112)	$ (211)	$ (843)	$ (209)	$ 333
ESOP, shares earned	1,984	1,984	1,984	1,984	1,984	1,984
Compensation plan shares granted	7,558	52,252				8,282
Compensation plan shares forfeited				200	2,382	15,385
Compensation plan shares earned		5,720	1,086	2,933	(2,328)	2,510
Common stock repurchased on vesting for payroll taxes, shares			1,504			4,764
Dividends declared per share	$ 0.18	$ 0.18

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ 3,462,000	$ 4,071,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net amortization of investment securities	54,000	42,000
Net amortization of deferred loan costs	369,000	392,000
(Credit) provision for credit losses	(866,000)	(1,011,000)
Recovery on previously impaired investment securities	(4,000)	(6,000)
Unrealized gain on equity securities	(8,000)	(5,000)
Loss on sale of investment securities		52,000
Unrealized loss on interest rate swap		58,000
Depreciation and amortization of premises and equipment	566,000	607,000
Increase in cash surrender value of bank-owned life insurance	(722,000)	(328,000)
ESOP shares committed to be released	73,000	66,000
Stock based compensation expense	162,000	22,000
Increase in accrued interest receivable	(54,000)	(93,000)
Increase in other assets	(2,989,000)	(218,000)
Impairment of foreclosed real estate		16,000
Loss on sale of foreclosed real estate	19,000	(162,000)
Deferred income tax expense	103,000
(Decrease) increase in other liabilities	(1,040,000)	1,122,000
Net Cash (Used in) Provided by Operating Activities	(875,000)	4,625,000
CASH FLOWS FROM INVESTING ACTIVITIES
Activity in debt securities: Sales		8,478,000
Activity in debt securities: Maturities, prepayments and calls	2,435,000	3,107,000
Purchases of Federal Home Loan Bank of New York Stock		(1,314,000)
Redemptions of Federal Home Loan Bank of New York Stock	1,136,000	1,297,000
Proceeds from the surrender of and claim on Bank owned life insurance	7,023,000
Loan principal collections and origination, net	17,320,000	8,525,000
Proceeds from sale of interest rate swaps		214,000
Proceeds from sale of foreclosed real estate	42,000
Additions to premises and equipment	(6,000)	(364,000)
Net Cash Provided by Investing Activities	27,950,000	19,943,000
CASH FLOWS FROM FINANCING ACTIVITIES
Net (decrease) increase in deposits	(3,361,000)	14,039,000
Net decrease in advances from borrowers for taxes and insurance	(1,655,000)	(1,089,000)
Net decrease in short-term borrowings		(12,596,000)
Proceeds from issuance of long-term debt		15,250,000
Repayment of long-term debt	(25,000,000)	(3,750,000)
Repayment of finance lease obligation	(69,000)
Purchase of treasury stock	(17,000)	(56,000)
Cash dividends paid	(722,000)
Net Cash (Used in) Provided by Financing Activities	(30,824,000)	11,798,000
Net (Decrease) Increase in Cash and Cash Equivalents	(3,749,000)	36,366,000
CASH AND CASH EQUIVALENTS - BEGINNING	53,730,000	9,633,000
CASH AND CASH EQUIVALENTS - ENDING	49,981,000	45,999,000
SUPPLEMENTARY CASH FLOWS INFORMATION
Interest paid	11,249,000	5,842,000
SUPPLEMENTARY SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain (loss) on securities available for sale	$ 822,000	(3,473,000)
Foreclosed real estate acquired in settlement of loans		$ 60,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,332,000	$ 1,116,000	$ 1,014,000	$ 1,571,000	$ 816,000	$ 1,684,000	$ 3,462,000	$ 4,071,000

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
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

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies and Estimates	9 Months Ended
	Sep. 30, 2024
Basis of Presentation [Abstract]
Basis of Presentation and Significant Accounting Policies and Estimates	Note 1 – Basis of Presentation and Significant Accounting Policies and Estimates The interim unaudited consolidated financial statements include the accounts of Lake Shore Bancorp, Inc. (the “Company”, “us”, “our”, or “we”) and Lake Shore Savings Bank (the “Bank”), its wholly owned subsidiary. All intercompany accounts and transactions of the consolidated subsidiary have been eliminated in consolidation. The interim unaudited consolidated financial statements included herein as of September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission, and therefore, do not include all information or footnotes necessary for a complete presentation of the consolidated balance sheets, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated balance sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete consolidated financial statements. The consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information and to make the financial statements not misleading. These interim unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The consolidated statements of income for the three and nine months ended September 30, 2024 are not necessarily indicative of the results for any subsequent period or the entire year ending December 31, 2024. The Company's significant accounting policies followed in the preparation of the unaudited consolidated financial statements are disclosed in Note 2 of the audited consolidated financial statements and notes thereto for the year ended December 31, 2023 and are contained in the Company's 2023 Annual Report on Form 10-K. There have been no significant changes to the application of significant accounting policies since December 31, 2023. Certain items in the prior period financial statements have been reclassified to conform to the current presentation. These reclassifications had no effect on prior year net income or shareholders' equity. To prepare these unaudited 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, evaluation of impairment of securities, and income taxes.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2024
New Accounting Standards [Abstract]
New Accounting Standards	Note 2 – New Accounting Standards Accounting Standards Not Yet Adopted In December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The amendments in this ASU require an entity to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold, which is greater than five percent of the amount computed by multiplying pretax income by the entity’s applicable statutory rate, on an annual basis. Additionally, the amendments in this ASU require an entity to disclose the amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes and the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions that are equal to or greater than five percent of total income taxes paid (net of refunds received). Lastly, the amendments in this ASU require an entity to disclose income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign and income tax expense (or benefit) from continuing operations disaggregated by federal, state, and foreign. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis; however, retrospective application is permitted. The Company does not expect the adoption of ASU 2023-09 to have a material impact on its consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)." The amendments in this ASU require a public business entity to disclose additional information about specific expense categories in the notes to the financial statements at interim and annual reporting periods, including employee compensation, depreciation, intangible asset amortization, and other costs and expenses. Additionally, a public business entity must disclose a qualitative description of the amounts remaining in relevant expense captions which are not separately disaggregated quantitatively under the amendments included within this ASU. This ASU is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027. Early adoption of this ASU is permitted and may be applied prospectively to financial statements issued for reporting periods after the effective date of the ASU or retrospectively to any period presented in the financial statements. The Company does not expect the adoption of ASU 2024-03 to have a material impact on its consolidated financial statements.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2024
Investment Securities [Abstract]
Investment Securities	Note 3 – Investment Securities The amortized cost and fair value of securities are as follows: September 30, 2024 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) SECURITIES Debt Securities Available for Sale U.S. government agencies $ 2,006 $ — $ ( 83 ) 1,923 Municipal bonds 40,733 — ( 7,691 ) 33,042 Mortgage-backed securities: Collateralized mortgage obligations-private label 10 — ( 1 ) 9 Collateralized mortgage obligations-government 10,583 — ( 1,126 ) 9,457 Government National Mortgage Association 55 — ( 1 ) 54 Federal National Mortgage Association 11,075 — ( 1,395 ) 9,680 Federal Home Loan Mortgage Corporation 5,353 — ( 792 ) 4,561 Asset-backed securities-private label — 29 — 29 Asset-backed securities-government sponsored entities 1 — — 1 Total Debt Securities Available for Sale $ 69,816 $ 29 $ ( 11,089 ) $ 58,756 Equity Securities 22 4 — 26 Total Securities $ 69,838 $ 33 $ ( 11,089 ) $ 58,782 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 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 Debt Securities All of the Company's collateralized mortgage obligations are backed by one- to four-family residential mortgages. At September 30, 2024 and December 31, 2023 , seventeen municipal bonds with a cost of $ 5.6 million and fair value of $ 4.2 million and sixteen municipal bonds with a cost of $ 4.9 million and fair value of $ 3.7 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 for which an allowance for credit losses has not been recorded for the periods 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) September 30, 2024 U.S. government agencies $ — $ — $ 1,923 $ ( 83 ) $ 1,923 $ ( 83 ) Municipal bonds — — 33,042 ( 7,691 ) 33,042 ( 7,691 ) Mortgage-backed securities — — 23,669 ( 3,315 ) 23,669 ( 3,315 ) $ — $ — $ 58,634 $ ( 11,089 ) $ 58,634 $ ( 11,089 ) 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 ) As of September 30, 2024 , the Company's investment portfolio included no securities in the "unrealized losses less than twelve months" category and 173 securities in the "unrealized losses twelve months or more" category. As of September 30, 2024 , the Company had 173 securities with a fair value of $ 58.6 million in an unrealized loss position. The Company reviews securities in an unrealized loss position to evaluate credit risk. The Company considers payment history, risk ratings from external parties, financial statements for municipal and corporate securities, public statements from issuers and other available credible published sources in evaluating credit risk. No credit risk was found and no allowance for credit losses on securities available for sale was recorded as of September 30, 2024. The unrealized losses are attributed to noncredit-related factors, including changes in interest rates and other market conditions. The Company does not have the intent to sell any of these securities and believes that it is more likely than not that the Company will not have to sell any such securities before a recovery of cost. The contractual terms of the investments do not permit the issuers to settle the securities at a price less than the cost basis of the investments. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline. Accrued interest of $ 319,000 as of September 30, 2024 and $ 260,000 as of December 31, 2023 on available-for-sale debt securities is included in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses. The unrealized losses on debt securities shown in the previous tables were recorded as a component of accumulated other comprehensive loss, net of tax benefit on the Company’s consolidated statements of stockholders’ equity. During the three months ended September 30, 2024 , the Company did no t sell any debt securities. During the three months ended September 30, 2023 the Company sold 12 municipal bonds resulting in gross realized losses of $ 3,000 , with an amortized cost of $ 2.5 million. During the nine months ended September 30, 2024 the Company did no t sell any debt securities. During the nine months ended September 30, 2023 the Company sold 35 municipal bonds and two mortgage-backed securities resulting in gross realized losses of $ 52,000 , with an amortized cost of $ 8.4 million. Scheduled contractual maturities of debt securities are as follows: Amortized Fair Cost Value (Dollars in thousands) September 30, 2024: Less than one year $ — $ — After one year through five years 2,094 $ 1,989 After five years through ten years 10,426 $ 9,394 After ten years 30,219 $ 23,582 Mortgage-backed securities 27,076 $ 23,761 Asset-backed securities 1 $ 30 Total Debt Securities $ 69,816 $ 58,756 Equity Securities At September 30, 2024 and December 31, 2023 , equity securities consisted of 22,368 shares of Federal Home Loan Mortgage Corporation (“FHLMC”) common stock. During the three months ended September 30, 2024 and 2023 , the Company recognized an unrealized loss of $ 4,000 and an unrealized gain of $ 3,000 , respectively, on the equity securities, which was recorded in non-interest income in the consolidated statements of income. During the nine months ended September 30, 2024 and 2023 , the Company recognized an unrealized gain of $ 7,000 and $ 5,000 , respectively, on the equity securities, which was recorded in non-interest income in the consolidated statements of income. There were no purchases or sales of equity securities during the three and nine months ended September 30, 2024 and 2023 .

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Loans and Allowance for Credit Losses [Abstract]
Loans and Allowance for Credit Losses	Note 4 - Loans and Allowance for Credit Losses Loans consisted of the following segments as of September 30, 2024 and December 31, 2023: September 30, December 31, 2024 2023 (Dollars in thousands) Real Estate Loans: Residential, one- to four-family (1) $ 163,835 $ 172,005 Home Equity 47,969 51,869 Commercial (2) 312,575 316,986 Total real estate loans 524,379 540,860 Other Loans: Commercial 15,645 16,546 Consumer 1,024 1,130 Total gross loans 541,048 558,536 Net deferred loan costs 3,451 3,755 Allowance for credit losses on loans ( 5,494 ) ( 6,463 ) Loans receivable, net $ 539,005 $ 555,828 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans. Real estate loans of approximately $ 51.4 million and $ 55.8 million in unpaid principal balance were pledged as collateral for Federal Home Loan Bank of New York ("FHLBNY") advances as of September 30, 2024 and December 31, 2023, respectively. Total loans are stated at the principal amounts outstanding, net of unamortized loan fees and costs, with interest income accrued based upon the outstanding principal balance and the terms of the loans. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Loans are reported by the portfolio segments identified above and are analyzed by management on this basis. All loan policies identified below apply to all segments of the loan portfolio. Accrued interest on loans of $ 2.5 million at both September 30, 2024 and December 31, 2023 is included in accrued interest receivable on the consolidated balance sheet and is excluded from the estimate of credit losses. Allowance for Credit Losses for Loans 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 changing 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 tables detail the changes in the allowance for credit losses by loan segment for the three and nine months ended September 30, 2024 and 2023. Real Estate Loans Other Loans One- to Four-Family (1) Home Equity Commercial Real Estate (2) Commercial Consumer Total (Dollars in thousands) September 30, 2024 Allowance for Credit Loss on Loans Balance – July 1, 2024 $ 473 $ 216 $ 4,689 $ 523 $ 15 $ 5,916 Charge-offs — — — — ( 16 ) ( 16 ) Recoveries 3 — — — 2 5 (Credit) provision ( 35 ) ( 32 ) ( 247 ) ( 111 ) 14 ( 411 ) Balance – September 30, 2024 $ 441 $ 184 $ 4,442 $ 412 $ 15 $ 5,494 Balance - January 1, 2024 $ 532 $ 213 $ 5,231 $ 471 $ 16 $ 6,463 Charge-offs — — — — ( 29 ) ( 29 ) Recoveries 8 — — — 7 15 (Credit) provision ( 99 ) ( 29 ) ( 789 ) ( 59 ) 21 ( 955 ) Balance – September 30, 2024 $ 441 $ 184 $ 4,442 $ 412 $ 15 $ 5,494 Ending balance: individually evaluated $ — $ — $ — $ — $ — $ — Ending balance: collectively evaluated $ 441 $ 184 $ 4,442 $ 412 $ 15 $ 5,494 Gross Loans Receivable (3) : Ending balance $ 163,835 $ 47,969 $ 312,575 $ 15,645 $ 1,024 $ 541,048 Ending balance: individually evaluated $ 134 $ — $ 1,242 $ — $ — $ 1,376 Ending balance: collectively evaluated $ 163,701 $ 47,969 $ 311,333 $ 15,645 $ 1,024 $ 539,672 (1) There were no one-to four-family construction loans at September 30, 2024. (2) Includes commercial construction loans of $ 15.1 million. (3) Gross Loans Receivable does not include allowance for credit losses of $( 5,494 ) or deferred loan costs of $ 3,451 . Real Estate Loans Other Loans One- to Four-Family (1) Home Equity Commercial Real Estate (2) Commercial Consumer Unallocated Total (Dollars in thousands) September 30, 2023 Allowance for Credit Loss on Loans Balance- July 1, 2023 $ 541 $ 257 $ 5,422 $ 520 $ 18 $ — $ 6,758 Charge-offs — — — — ( 16 ) — ( 16 ) Recoveries — — 35 — 2 — 37 (Credit) provision ( 6 ) ( 47 ) ( 122 ) 25 13 — ( 137 ) Balance – September 30, 2023 $ 535 $ 210 $ 5,335 $ 545 $ 17 $ — $ 6,642 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 — — — — ( 47 ) — ( 47 ) Recoveries — — 35 29 7 — 71 (Credit) provision ( 77 ) ( 121 ) ( 501 ) ( 65 ) 35 — ( 729 ) Balance – September 30, 2023 $ 535 $ 210 $ 5,335 $ 545 $ 17 $ — $ 6,642 Ending balance: individually $ — $ — $ — $ — $ — $ — $ — Ending balance: collectively $ 535 $ 210 $ 5,335 $ 545 $ 17 $ — $ 6,642 Gross Loans Receivable (3) : Ending balance $ 172,974 $ 51,276 $ 323,535 $ 18,749 $ 1,113 $ — $ 567,647 Ending balance: individually $ 142 $ — $ 1,242 $ — $ — $ — $ 1,384 Ending balance: collectively $ 172,832 $ 51,276 $ 322,293 $ 18,749 $ 1,113 $ — $ 566,263 (1) Includes one- to four-family construction loans of $ 2.7 million. (2) Includes commercial construction loans of $ 23.9 million. (3) Gross Loans Receivable does not include allowance for credit losses of $( 6,642 ) or deferred loan costs of $ 3,843 . The following table summarizes the distribution of the allowance for credit losses and loans receivable by loan segment and impairment method as of December 31, 2023: Real Estate Loans Other Loans One- to Four-Family (1) Home Equity Commercial Real Estate (2) Commercial Consumer Total (Dollars in thousands) December 31, 2023 Allowance for Credit Losses on Loans Balance – December 31, 2023 $ 532 $ 213 $ 5,231 $ 471 $ 16 $ 6,463 Ending balance: individually $ — $ — $ — $ — $ — $ — Ending balance: collectively $ 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 $ 140 $ — $ 1,242 $ — $ — $ 1,382 Ending balance: collectively $ 171,865 $ 51,869 $ 315,744 $ 16,546 $ 1,130 $ 557,154 (1) Includes one- to four-family construction loans of $ 466,000 . (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 . Allowance for Credit Losses on 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 unaudited consolidated balance sheets, with adjustments to the reserve recognized in (credit) provision for credit losses on the unaudited 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 three and nine months ended September 30, 2024 and the three and nine months ended September 30, 2023 was as follows: For the Nine Months Ended September 30, 2024 (Dollars in thousands) Balance at December 31, 2023 $ 487 (Credit) Provision for Credit Losses ( 129 ) Balance at March 31, 2024 358 Provision for Credit Losses 36 Balance at June 30, 2024 394 Provision for Credit Losses 182 Balance at September 30, 2024 $ 576 For the Nine Months Ended September 30, 2023 (Dollars in thousands) Balance at December 31, 2022 $ — Impact of CECL Adoption 633 Balance at March 31, 2023 633 (Credit) Provision for Credit Losses ( 220 ) Balance at June 30, 2023 413 (Credit) Provision for Credit Losses ( 62 ) Balance at September 30, 2023 $ 351 Non-accrual Loans and Delinquency Status The following table presents the amortized cost basis of loans on non-accrual status and loans on non-accrual status with no allowance for credit losses recorded. The Company did not have any loans past due 90 days or more and still accruing at September 30, 2024 and December 31, 2023. Total Non-accrual Non-accrual with no Allowance for Credit Losses September 30, December 31, September 30, December 31, 2024 2023 2024 2023 (Dollars in thousands) Real Estate Loans: Residential, one- to four-family (1) $ 2,082 $ 1,904 $ 2,082 $ 1,904 Home Equity 689 196 689 196 Commercial Real Estate (2) 1,226 1,242 1,226 1,242 Other Loans: Commercial — — — — Consumer 12 5 12 5 Total loans $ 4,009 $ 3,347 $ 4,009 $ 3,347 (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 three and nine months ended September 30, 2024 and the three and nine months ended September 30, 2023. 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 Gross Loans Past Due Past Due Past Due Due Due Receivable (Dollars in thousands) September 30, 2024: Real Estate Loans: Residential, one- to four-family (1) $ 1,056 $ 374 $ 771 $ 2,201 $ 161,634 $ 163,835 Home equity 124 126 598 848 47,121 47,969 Commercial (2) — — 1,242 1,242 311,333 312,575 Other Loans: Commercial — — — — 15,645 15,645 Consumer 32 2 5 39 985 1,024 Total $ 1,212 $ 502 $ 2,616 $ 4,330 $ 536,718 $ 541,048 30-59 Days 60-89 Days 90 Days or More Total Past Current Total Gross 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) — — 1,242 1,242 315,744 316,986 Other Loans: Commercial — — — — 16,546 16,546 Consumer 6 — 1 7 1,123 1,130 Total $ 1,809 $ 586 $ 1,575 $ 3,970 $ 554,566 $ 558,536 (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 8 - 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 September 30, 2024 and December 31, 2023 by collateral type and loan segment: Residential Business Commercial Total Properties Assets Land Property Other Loans September 30, 2024: (Dollars in thousands) Real Estate Loans: Residential, one- to four-family $ 136 $ — $ — $ — $ — $ 136 Home Equity — — — — — — Commercial 200 — 1,026 — — 1,226 Total $ 336 $ — $ 1,026 $ — $ — $ 1,362 December 31, 2023: 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 for credit losses recorded on the above noted collateral-dependent loans as of September 30, 2024 and December 31, 2023. 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 and certain consumer loans to further assess assigned risk classifications and monitor compliance with internal lending policies and procedures. The following table presents gross loans by credit quality indicator by origination year at September 30, 2024: YTD 2024 2023 2022 2021 2020 Prior Revolving Loans Total (Dollars in thousands) Residential, one-to four-family (1) : Pass $ 3,960 $ 11,927 $ 33,852 $ 27,279 $ 15,852 $ 68,471 $ — $ 161,341 Substandard — — 452 265 89 1,688 — 2,494 Doubtful — — — — — — — — Total $ 3,960 11,927 $ 34,304 $ 27,544 $ 15,941 $ 70,159 $ — $ 163,835 Current period gross charge-offs $ — — $ — $ — $ — $ — $ — $ — Home Equity (2) : Pass $ — $ 2,980 $ 2,446 $ 82 $ 38 $ 613 $ 40,972 47,131 Substandard — — — — — — 838 838 Doubtful — — — — — — — — Total $ — $ 2,980 $ 2,446 $ 82 $ 38 $ 613 $ 41,810 $ 47,969 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate (3) : Pass $ 15,646 $ 17,364 $ 84,485 $ 42,887 $ 36,617 $ 100,554 $ 644 $ 298,197 Special mention — — — 702 902 2,891 — 4,495 Substandard — — — — 1,242 8,641 — 9,883 Doubtful — — — — — — — — Total $ 15,646 $ 17,364 $ 84,485 $ 43,589 $ 38,761 $ 112,086 $ 644 $ 312,575 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Loans: Pass $ 1,451 $ 1,052 $ 2,089 $ 562 $ 382 $ 1,881 $ 3,681 $ 11,098 Special mention — — — 190 — 151 991 1,332 Substandard — — — — — 2,259 956 3,215 Doubtful — — — — — — — — Total $ 1,451 $ 1,052 $ 2,089 $ 752 $ 382 $ 4,291 $ 5,628 $ 15,645 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Loans: Pass $ 228 $ 145 $ 161 $ 42 $ 104 $ 118 $ 215 $ 1,013 Substandard 5 — — 1 — — 5 11 Doubtful — — — — — — — — Total $ 233 $ 145 $ 161 $ 43 $ 104 $ 118 $ 220 $ 1,024 Current period gross charge-offs $ — $ — $ 2 $ — $ — $ — $ 27 $ 29 (1) Includes one- to four-family construction loans. (2) Home equity loans presented with an origination year represent home equity lines-of-credit which have been converted to term loans. (3) Includes commercial construction loans. The following table presents gross 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 charge-offs $ — $ — $ 3 $ — $ — $ — $ — $ 3 Home Equity (2) : 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 charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate (3) : 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 charge-offs $ — $ — $ — $ — $ — $ — $ — $ — 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 charge-offs $ — $ — $ — $ — $ — $ — $ — $ — 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 charge-offs $ — $ 8 $ 3 $ 3 $ 4 $ — $ 40 $ 58 (1) Includes one- to four-family construction loans. (2) Home equity loans presented with an origination year represent home equity lines-of-credit which have been converted to term loans. (3) 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. There were no loans modified to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024. The following table presents the amortized cost basis of loans at September 30, 2023 that were experiencing financial difficulty and were modified during the three and nine months ended September 30, 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 $ — $ — $ — $ — $ 4,935 $ — 1.53 % Other loans Commercial — — — — — 1,114 5.94 % Total $ $ — $ — $ — $ 4,935 $ 1,114 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 loan. 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 September 30, 2024. There were no loans to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 and 2023 that had a payment default and were modified in the twelve months prior . 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. There was no foreclosed real estate at September 30, 2024, and $ 34,000 at December 31, 2023 , which was included as a component of other assets on the consolidated balance sheet. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction was $ 722,000 at September 30, 2024 and $ 158,000 at December 31, 2023 .

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2024
Earnings per Share [Abstract]
Earnings per Share	Note 5 – Earnings per Share Earnings per share was calculated for the three and nine months ended September 30, 2024 and 2023. Basic earnings per share is based upon the weighted average number of common shares outstanding, exclusive of unearned shares held by the Employee Stock Ownership Plan of Lake Shore Bancorp, Inc. (the “ESOP”). 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: Three Months Ended September 30, 2024 2023 Numerator – net income $ 1,332,000 $ 1,571,000 Denominator: Basic weighted average shares outstanding 5,638,836 5,846,333 Increase in weighted average shares outstanding due to: Stock options (1) — — Diluted weighted average shares outstanding (1) 5,638,836 5,846,333 Earnings per share: Basic $ 0.24 $ 0.27 Diluted $ 0.24 $ 0.27 Nine Months Ended September 30, 2024 2023 Numerator – net income $ 3,462,000 $ 4,071,000 Denominator: Basic weighted average shares outstanding 5,615,638 5,858,054 Increase in weighted average shares outstanding due to: Stock options (1) — — Diluted weighted average shares outstanding (1) 5,615,638 5,858,054 Earnings per share: Basic $ 0.62 $ 0.69 Diluted $ 0.62 $ 0.69 (1) Weighted average stock options to purchase 29,142 shares under the Company's 2006 Stock Option Plan and 20,000 shares under the EIP at $ 14.38 and $ 10.69 , respectively, were outstanding during the three months ended September 30, 2024 . Weighted average stock options to purchase 36,625 shares under the Company’s 2006 Stock Option Plan and 16,768 shares under the EIP at $ 14.38 and $ 10.69 , respectively, were outstanding during the nine months ended September 30, 2024 , but were not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive. Weighted average 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 the three and nine months ended September 30, 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	9 Months Ended
	Sep. 30, 2024
Commitments to Extend Credit [Abstract]
Commitments to Extend Credit	Note 6 – 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 balance sheets. Commitments to extend credit are generally agreements to lend to a customer as long as there is no violation of any condition established in the contract, and 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. The Company’s exposure to credit loss is represented by the contractual amount of the commitments which are not unconditionally cancellable. There was a $ 576,000 and $ 487,000 allowance for credit losses associated with these commitments at September 30, 2024 and December 31, 2023, respectively. 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 September 30, December 31, 2024 2023 (Dollars in thousands) Commitments to grant loans $ 17,307 $ 21,045 Unfunded commitments to fund loans and lines of credit 91,456 75,721 Commercial and Standby letters of credit 671 1,212

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2024
Stock-based Compensation [Abstract]
Stock-based Compensation	Note 7 – Stock-based Compensation As of September 30, 2024 , the Company had three active stock-based compensation plans, which are described below. The compensation cost related to these plans amounted to $ 109,000 and $ 62,000 for the three months ended September 30, 2024 and 2023 , respectively, and $ 235,000 and $ 88,000 for the nine months ended September 30, 2024 and 2023, respectively, and is included within salary and benefits expense in the non-interest expense section of the consolidated statements of income. 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 nine months ended September 30, 2024 and 2023 is presented below: 2024 2023 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 58,857 $ 14.38 Granted — — — — Exercised — — — — Forfeited ( 29,715 ) $ 14.38 — — Outstanding at end of period 29,142 $ 14.38 2.0 years 58,857 $ 14.38 3.0 years Options exercisable at end of period 29,142 $ 14.38 2.0 years 58,857 $ 14.38 3.0 years Fair value of options granted — $ — — $ — : At September 30, 2024 , stock options had no intrinsic value and there were no remaining options available for grant under the Stock Option Plan. At September 30, 2024, 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-employees may not be granted incentive stock options. The EIP expired on April 24, 2024 , and grants of awards can no longer be made. The Board of Directors granted restricted stock awards under the EIP during the nine months ended September 30, 2024 as follows: Grant Date Number of Restricted Stock Awards Vesting Fair Value per Share of Award on Grant Date Awardees April 23, 2024 19,730 100 % on April 23, 2025 $ 10.69 Non-employee directors April 23, 2024 32,522 25 % per year for four years with first vesting on April 23, 2025 $ 10.69 Employees The Board of Directors granted stock options under the EIP during the nine months ended September 30, 2024 as follows: Grant Date Number of Stock Option Awards Vesting Exercise Price Awardees April 23, 2024 9,306 20 % per year for five years with first vesting on April 23, 2025 $ 10.69 Non-employee directors A summary of the status of unvested restricted stock awards under the EIP for the nine months ended September 30, 2024 and 2023 is as follows: For the Nine Months Weighted Average Grant Price (per Share) For the Nine Months Weighted Average Grant Price (per Share) Unvested shares outstanding at beginning of year 17,719 $ 13.94 43,866 $ 15.02 Granted 52,252 10.69 8,282 12.91 Vested ( 10,926 ) 13.64 ( 11,734 ) 15.39 Forfeited — — ( 17,967 ) 14.91 Unvested shares outstanding at end of period 59,045 $ 11.12 22,447 $ 14.13 As of September 30, 2024 , there were 120,946 shares of restricted stock that vested or were distributed to eligible participants under the EIP and the plan expired on April 24, 2024. Accordingly, there were no remaining shares available for grant. Compensation expense related to unvested restricted stock awards under the EIP amounted to $ 82,000 and $ 40,000 for the three months ended September 30, 2024 and 2023 , respectively. Compensation expense related to unvested restricted stock awards under the EIP amounted to $ 162,000 and $ 22,000 for the nine months ended September 30, 2024 and 2023, respectively. At September 30, 2024 , $ 457,000 of unrecognized compensation cost related to unvested restricted stock awards is expected to be recognized over a period of 28 months. A summary of the status of stock options under the EIP for the nine months ended September 30, 2024 and 2023 is presented below: 2024 2023 Options Exercise Price Intrinsic Value Remaining Contractual Life Options Exercise Price Remaining Contractual Life Outstanding at beginning of year 13,101 $ 14.38 20,000 $ 14.38 Granted 9,306 10.69 — — Exercised — — — — Forfeited ( 2,407 ) 14.38 — — Expired — — ( 6,899 ) $ 14.38 Outstanding at end of period 20,000 $ 12.66 $ 26,000 5.6 years 13,101 $ 14.38 3.3 years Options exercisable at end of period 10,694 $ 14.38 — 2.1 years 13,101 $ 14.38 3.3 years Options Exercise Price Fair Value Remaining Contractual Life Fair value of options granted 9,306 $ 10.69 $ 28,000 9.6 years Compensation expense related to unvested stock options under the EIP amounted to $ 1,000 and $ 2,000 , for the three and nine months ended September 30, 2024 , respectively. There was no compensation expense related to unvested stock options under the EIP for the three and nine months ended September 30, 2023. At September 30, 2024 , $ 26,000 of unrecognized compensation cost related to unvested stock options is expected to be recognized over a period of 54 months. During April 2024, the Company granted all remaining options available under the EIP. The EIP expired on April 24, 2024 and no additional options were available for grant nor issued after this date. 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 September 30, 2024 , the balance of the loan to the ESOP was $ 1.3 million and the fair value of unallocated shares was $ 1.3 million. As of September 30, 2024 , there were 67,350 allocated shares and 95,219 unallocated shares compared to 74,895 allocated shares and 103,153 unallocated shares at December 31, 2023 . The ESOP compensation expense was $ 27,000 for the three months ended September 30, 2024 and $ 22,000 for the three months ended September 30, 2023 based on 1,984 shares earned in each of those quarters. The ESOP compensation expense was $ 73,000 for the nine months ended September 30, 2024 and $ 66,000 for the nine months ended September 30, 2023 based on 5,952 shares earned in each of those nine month periods.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2024
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 8 - 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 September 30, 2024 and December 31, 2023 and have not been re-evaluated or updated for purposes of these unaudited 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. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. 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. Assets and Liabilities Measured at Fair Value on a Recurring Basis The Company’s consolidated balance sheets contain investment securities 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 September 30, 2024 and December 31, 2023 were as follows: Fair Value Measurements at September 30, 2024 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 $ 1,923 $ — $ 1,923 $ — Municipal bonds 33,042 — 33,042 — Mortgage-backed securities: Collateralized mortgage obligations-private label 9 — 9 — Collateralized mortgage obligations-government 9,457 — 9,457 — Government National Mortgage Association 54 — 54 — Federal National Mortgage Association 9,680 — 9,680 — Federal Home Loan Mortgage Corporation 4,561 — 4,561 — Asset-backed securities: Private label 29 — 29 — Government sponsored entities 1 — 1 — Total Debt Securities $ 58,756 $ — $ 58,756 $ — Equity securities 26 26 — — Total Securities $ 58,782 $ 26 $ 58,756 $ — 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 $ — 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. 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 performed by a third-party independent appraiser or discounted cash flows based on current market conditions. Accordingly, collateral dependent loans are classified within Level 3 of the fair value hierarchy. The Company did no t record an allowance for credit losses for its collateral-dependent loans as of September 30, 2024 and December 31, 2023. 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. There was no foreclosed real estate at September 30, 2024 and $ 34,000 at December 31, 2023 , which was included as a component of other assets on the consolidated balance sheet. The Company did no t have repossessed assets at September 30, 2024 and December 31, 2023. Mortgage Servicing Rights . 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. Mortgage servicing rights amounted to $ 180,000 and $ 191,000 at September 30, 2024 and December 31, 2023, respectively, and were included as a component of other assets on the consolidated balance sheets. For assets subject to measurement at fair value on a non-recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2024 and December 31, 2023 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 September 30, 2024 Mortgage servicing rights $ 180 $ — $ — $ 180 At December 31, 2023 Foreclosed real estate $ 34 $ — $ — $ 34 Mortgage servicing rights 191 — — 191 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 September 30, 2024 Mortgage servicing rights $ 180 Discounted Cash Flow Model (3) Servicing Fees 0.25 % 0.25 % Servicing Costs 0.10 % 0.10 % Estimated Life of Loans 5.16 years 5.16 years At December 31, 2023 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 (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 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 loans. The carrying amount and estimated fair value, based on the exit price notion, of the Company’s financial instruments, whether carried at cost or fair value, are as follows: Fair Value Measurements at September 30, 2024 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 $ 49,981 $ 49,981 $ 49,981 $ — $ — Securities 58,782 58,782 26 58,756 — Federal Home Loan Bank stock 1,157 1,157 — 1,157 — Loans receivable, net 539,005 520,668 — — 520,668 Accrued interest receivable 2,889 2,889 — 2,889 — Bank-owned life insurance 29,639 29,639 — 29,639 — Mortgage servicing rights 180 180 — — 180 Financial liabilities: Deposits 587,563 586,982 — 586,982 — Long-term debt 10,250 10,196 — 10,196 — Accrued interest payable 72 72 — 72 — 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 —

Treasury Stock

Treasury Stock	9 Months Ended
	Sep. 30, 2024
Treasury Stock [Abstract]
Treasury Stock	Note 9 – Treasury Stock During the three and nine months ended September 30, 2024 , the Company did no t repurchase any shares of common stock under the existing stock repurchase program. As of September 30, 2024 , there were 30,626 shares remaining to be repurchased under the existing stock repurchase program. During the nine months ended September 30, 2024 , the Company transferred 52,252 shares of common stock out of treasury stock reserved for the 2012 Equity Incentive Plan, at an average cost of $ 10.69 per share to fund awards that had been granted under the plan. During the nine months ended September 30, 2024 , the Company repurchased 1,504 shares upon 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 $ 11.62 per share. During the three and nine months ended September 30, 2023 , the Company did no t repurchase any shares of common stock under the existing stock repurchase program. As of September 30, 2023 , there were 30,626 shares remaining to be repurchased under the existing stock repurchase program. During the nine months ended September 30, 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 nine months ended September 30, 2023 , there were 17,967 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 4,764 shares upon 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 $ 11.63 per share, during the nine months ended September 30, 2023 .

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2024
Other Comprehensive Income (Loss) [Abstract]
Other Comprehensive Income (Loss)	Note 10 – Other Comprehensive Income (Loss) In addition to presenting the consolidated statements of other 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 Three Months Ended September 30, 2024 For The Three Months Ended September 30, 2023 Pre-Tax Amount Tax Benefit (Expense) 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 $ 2,362 $ ( 496 ) $ 1,866 $ ( 4,014 ) $ 843 $ ( 3,171 ) Less: reclassification adjustment related to: Loss on sale of securities included in net income — — — 3 — 3 Recovery on previously impaired investment securities included in net income ( 1 ) — ( 1 ) ( 2 ) — ( 2 ) Total Other Comprehensive Income (Loss) $ 2,361 $ ( 496 ) $ 1,865 $ ( 4,013 ) $ 843 $ ( 3,170 ) For the Nine Months Ended September 30, 2024 For The Nine Months Ended September 30, 2023 Pre-Tax Amount Tax Benefit (Expense) 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) gains arising during the period $ 822 $ ( 173 ) $ 649 $ ( 3,473 ) $ 729 $ ( 2,744 ) Less: reclassification adjustment related to: Loss on sale of securities included in net income — — — 52 ( 10 ) 42 Recovery on previously impaired investment securities included in net income ( 4 ) 1 ( 3 ) ( 6 ) 1 ( 5 ) Total Other Comprehensive Income (Loss) $ 818 $ $ ( 172 ) $ 646 $ ( 3,427 ) $ 720 $ ( 2,707 ) 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 three months ended September 30, on the Consolidated Components 2024 2023 Statements of Income (Dollars in thousands) Net unrealized (gains) losses on securities available for sale: Loss on sale of securities included in net income $ — $ 3 Loss on sale of securities available for sale Recovery on previously impaired investment securities ( 1 ) ( 2 ) Recovery on previously impaired investment securities Provision for income tax expense — — Income tax expense Total reclassification for the period $ ( 1 ) $ 1 Net Income Amounts Reclassified from Accumulated Details about Accumulated Other Other Comprehensive Loss Affected Line Item Comprehensive Loss for the nine months ended September 30, on the Consolidated Components 2024 2023 Statements of Income (Dollars in thousands) Net unrealized (gains) losses on securities available for sale: Loss on sale of securities included in net income $ — $ 52 Loss on sale of securities available for sale Recovery on previously impaired investment securities ( 4 ) ( 6 ) Recovery on previously impaired investment securities Provision for income tax expense 1 ( 9 ) Income tax expense Total reclassification for the period $ ( 3 ) $ 37 Net Income

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 11 – Subsequent Events On October 23, 2024 , the Board of Directors of the Company declared a cash dividend of $ 0.18 per share on its outstanding common stock. The dividend was paid on November 8, 2024 to stockholders of record as of November 4, 2024 . The Company received the written approval from the Federal Reserve Bank of Philadelphia, (the "Reserve Bank") on September 30, 2024 to pay a cash dividend of $ 0.18 per share to its stockholders. Lake Shore, MHC (the "MHC"), the Company's mutual holding company parent, which holds 3,636,875 , or 63.4 % of the Company's total outstanding common stock as of September 30, 2024, elected to waive receipt of the dividend on its shares.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investment Securities [Abstract]
Amortized Cost and Fair Value of Securities	The amortized cost and fair value of securities are as follows: September 30, 2024 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) SECURITIES Debt Securities Available for Sale U.S. government agencies $ 2,006 $ — $ ( 83 ) 1,923 Municipal bonds 40,733 — ( 7,691 ) 33,042 Mortgage-backed securities: Collateralized mortgage obligations-private label 10 — ( 1 ) 9 Collateralized mortgage obligations-government 10,583 — ( 1,126 ) 9,457 Government National Mortgage Association 55 — ( 1 ) 54 Federal National Mortgage Association 11,075 — ( 1,395 ) 9,680 Federal Home Loan Mortgage Corporation 5,353 — ( 792 ) 4,561 Asset-backed securities-private label — 29 — 29 Asset-backed securities-government sponsored entities 1 — — 1 Total Debt Securities Available for Sale $ 69,816 $ 29 $ ( 11,089 ) $ 58,756 Equity Securities 22 4 — 26 Total Securities $ 69,838 $ 33 $ ( 11,089 ) $ 58,782 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 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
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 for which an allowance for credit losses has not been recorded for the periods 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) September 30, 2024 U.S. government agencies $ — $ — $ 1,923 $ ( 83 ) $ 1,923 $ ( 83 ) Municipal bonds — — 33,042 ( 7,691 ) 33,042 ( 7,691 ) Mortgage-backed securities — — 23,669 ( 3,315 ) 23,669 ( 3,315 ) $ — $ — $ 58,634 $ ( 11,089 ) $ 58,634 $ ( 11,089 ) 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 ) As of September 30, 2024 , the Company's investment portfolio included no securities in the "unrealized losses less than twelve months" category and 173 securities in the "unrealized losses twelve months or more" category.
Scheduled Contractual Maturities of Debt Securities	Scheduled contractual maturities of debt securities are as follows: Amortized Fair Cost Value (Dollars in thousands) September 30, 2024: Less than one year $ — $ — After one year through five years 2,094 $ 1,989 After five years through ten years 10,426 $ 9,394 After ten years 30,219 $ 23,582 Mortgage-backed securities 27,076 $ 23,761 Asset-backed securities 1 $ 30 Total Debt Securities $ 69,816 $ 58,756

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Loans and Allowance for Credit Losses [Abstract]
Schedule of Loan by Segment	September 30, December 31, 2024 2023 (Dollars in thousands) Real Estate Loans: Residential, one- to four-family (1) $ 163,835 $ 172,005 Home Equity 47,969 51,869 Commercial (2) 312,575 316,986 Total real estate loans 524,379 540,860 Other Loans: Commercial 15,645 16,546 Consumer 1,024 1,130 Total gross loans 541,048 558,536 Net deferred loan costs 3,451 3,755 Allowance for credit losses on loans ( 5,494 ) ( 6,463 ) Loans receivable, net $ 539,005 $ 555,828 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans.
Summary of Activity in Allowance for Credit Losses	The following tables detail the changes in the allowance for credit losses by loan segment for the three and nine months ended September 30, 2024 and 2023. Real Estate Loans Other Loans One- to Four-Family (1) Home Equity Commercial Real Estate (2) Commercial Consumer Total (Dollars in thousands) September 30, 2024 Allowance for Credit Loss on Loans Balance – July 1, 2024 $ 473 $ 216 $ 4,689 $ 523 $ 15 $ 5,916 Charge-offs — — — — ( 16 ) ( 16 ) Recoveries 3 — — — 2 5 (Credit) provision ( 35 ) ( 32 ) ( 247 ) ( 111 ) 14 ( 411 ) Balance – September 30, 2024 $ 441 $ 184 $ 4,442 $ 412 $ 15 $ 5,494 Balance - January 1, 2024 $ 532 $ 213 $ 5,231 $ 471 $ 16 $ 6,463 Charge-offs — — — — ( 29 ) ( 29 ) Recoveries 8 — — — 7 15 (Credit) provision ( 99 ) ( 29 ) ( 789 ) ( 59 ) 21 ( 955 ) Balance – September 30, 2024 $ 441 $ 184 $ 4,442 $ 412 $ 15 $ 5,494 Ending balance: individually evaluated $ — $ — $ — $ — $ — $ — Ending balance: collectively evaluated $ 441 $ 184 $ 4,442 $ 412 $ 15 $ 5,494 Gross Loans Receivable (3) : Ending balance $ 163,835 $ 47,969 $ 312,575 $ 15,645 $ 1,024 $ 541,048 Ending balance: individually evaluated $ 134 $ — $ 1,242 $ — $ — $ 1,376 Ending balance: collectively evaluated $ 163,701 $ 47,969 $ 311,333 $ 15,645 $ 1,024 $ 539,672 (1) There were no one-to four-family construction loans at September 30, 2024. (2) Includes commercial construction loans of $ 15.1 million. (3) Gross Loans Receivable does not include allowance for credit losses of $( 5,494 ) or deferred loan costs of $ 3,451 . Real Estate Loans Other Loans One- to Four-Family (1) Home Equity Commercial Real Estate (2) Commercial Consumer Unallocated Total (Dollars in thousands) September 30, 2023 Allowance for Credit Loss on Loans Balance- July 1, 2023 $ 541 $ 257 $ 5,422 $ 520 $ 18 $ — $ 6,758 Charge-offs — — — — ( 16 ) — ( 16 ) Recoveries — — 35 — 2 — 37 (Credit) provision ( 6 ) ( 47 ) ( 122 ) 25 13 — ( 137 ) Balance – September 30, 2023 $ 535 $ 210 $ 5,335 $ 545 $ 17 $ — $ 6,642 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 — — — — ( 47 ) — ( 47 ) Recoveries — — 35 29 7 — 71 (Credit) provision ( 77 ) ( 121 ) ( 501 ) ( 65 ) 35 — ( 729 ) Balance – September 30, 2023 $ 535 $ 210 $ 5,335 $ 545 $ 17 $ — $ 6,642 Ending balance: individually $ — $ — $ — $ — $ — $ — $ — Ending balance: collectively $ 535 $ 210 $ 5,335 $ 545 $ 17 $ — $ 6,642 Gross Loans Receivable (3) : Ending balance $ 172,974 $ 51,276 $ 323,535 $ 18,749 $ 1,113 $ — $ 567,647 Ending balance: individually $ 142 $ — $ 1,242 $ — $ — $ — $ 1,384 Ending balance: collectively $ 172,832 $ 51,276 $ 322,293 $ 18,749 $ 1,113 $ — $ 566,263 (1) Includes one- to four-family construction loans of $ 2.7 million. (2) Includes commercial construction loans of $ 23.9 million. (3) Gross Loans Receivable does not include allowance for credit losses of $( 6,642 ) or deferred loan costs of $ 3,843 . The following table summarizes the distribution of the allowance for credit losses and loans receivable by loan segment and impairment method as of December 31, 2023: Real Estate Loans Other Loans One- to Four-Family (1) Home Equity Commercial Real Estate (2) Commercial Consumer Total (Dollars in thousands) December 31, 2023 Allowance for Credit Losses on Loans Balance – December 31, 2023 $ 532 $ 213 $ 5,231 $ 471 $ 16 $ 6,463 Ending balance: individually $ — $ — $ — $ — $ — $ — Ending balance: collectively $ 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 $ 140 $ — $ 1,242 $ — $ — $ 1,382 Ending balance: collectively $ 171,865 $ 51,869 $ 315,744 $ 16,546 $ 1,130 $ 557,154 (1) Includes one- to four-family construction loans of $ 466,000 . (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 .
Schedule of Activity in Allowance for Credit Losses on Unfunded Loan Commitments	For the Nine Months Ended September 30, 2024 (Dollars in thousands) Balance at December 31, 2023 $ 487 (Credit) Provision for Credit Losses ( 129 ) Balance at March 31, 2024 358 Provision for Credit Losses 36 Balance at June 30, 2024 394 Provision for Credit Losses 182 Balance at September 30, 2024 $ 576 For the Nine Months Ended September 30, 2023 (Dollars in thousands) Balance at December 31, 2022 $ — Impact of CECL Adoption 633 Balance at March 31, 2023 633 (Credit) Provision for Credit Losses ( 220 ) Balance at June 30, 2023 413 (Credit) Provision for Credit Losses ( 62 ) Balance at September 30, 2023 $ 351
Schedule of Non-accrual by Loan Segment	Total Non-accrual Non-accrual with no Allowance for Credit Losses September 30, December 31, September 30, December 31, 2024 2023 2024 2023 (Dollars in thousands) Real Estate Loans: Residential, one- to four-family (1) $ 2,082 $ 1,904 $ 2,082 $ 1,904 Home Equity 689 196 689 196 Commercial Real Estate (2) 1,226 1,242 1,226 1,242 Other Loans: Commercial — — — — Consumer 12 5 12 5 Total loans $ 4,009 $ 3,347 $ 4,009 $ 3,347 (1) Includes one- to four-family construction loans. (2) Includes commercial construction loans.
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 Gross Loans Past Due Past Due Past Due Due Due Receivable (Dollars in thousands) September 30, 2024: Real Estate Loans: Residential, one- to four-family (1) $ 1,056 $ 374 $ 771 $ 2,201 $ 161,634 $ 163,835 Home equity 124 126 598 848 47,121 47,969 Commercial (2) — — 1,242 1,242 311,333 312,575 Other Loans: Commercial — — — — 15,645 15,645 Consumer 32 2 5 39 985 1,024 Total $ 1,212 $ 502 $ 2,616 $ 4,330 $ 536,718 $ 541,048 30-59 Days 60-89 Days 90 Days or More Total Past Current Total Gross 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) — — 1,242 1,242 315,744 316,986 Other Loans: Commercial — — — — 16,546 16,546 Consumer 6 — 1 7 1,123 1,130 Total $ 1,809 $ 586 $ 1,575 $ 3,970 $ 554,566 $ 558,536 (1) Includes one- to four-family construction loans. (2) Includes commercial real estate construction loans.
Schedule of Amortized Cost of Collateral-Dependent Loans by Loan Segment	Residential Business Commercial Total Properties Assets Land Property Other Loans September 30, 2024: (Dollars in thousands) Real Estate Loans: Residential, one- to four-family $ 136 $ — $ — $ — $ — $ 136 Home Equity — — — — — — Commercial 200 — 1,026 — — 1,226 Total $ 336 $ — $ 1,026 $ — $ — $ 1,362 December 31, 2023: Real Estate Loans: Residential, one- to four-family $ 143 $ — $ — $ — $ — $ 143 Home Equity — — — — — — Commercial 200 — 1,026 — — 1,226 Total $ 343 $ — $ 1,026 $ — $ — $ 1,369
Gross Loans by Credit Quality Indicator by Origination Year	The following table presents gross loans by credit quality indicator by origination year at September 30, 2024: YTD 2024 2023 2022 2021 2020 Prior Revolving Loans Total (Dollars in thousands) Residential, one-to four-family (1) : Pass $ 3,960 $ 11,927 $ 33,852 $ 27,279 $ 15,852 $ 68,471 $ — $ 161,341 Substandard — — 452 265 89 1,688 — 2,494 Doubtful — — — — — — — — Total $ 3,960 11,927 $ 34,304 $ 27,544 $ 15,941 $ 70,159 $ — $ 163,835 Current period gross charge-offs $ — — $ — $ — $ — $ — $ — $ — Home Equity (2) : Pass $ — $ 2,980 $ 2,446 $ 82 $ 38 $ 613 $ 40,972 47,131 Substandard — — — — — — 838 838 Doubtful — — — — — — — — Total $ — $ 2,980 $ 2,446 $ 82 $ 38 $ 613 $ 41,810 $ 47,969 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate (3) : Pass $ 15,646 $ 17,364 $ 84,485 $ 42,887 $ 36,617 $ 100,554 $ 644 $ 298,197 Special mention — — — 702 902 2,891 — 4,495 Substandard — — — — 1,242 8,641 — 9,883 Doubtful — — — — — — — — Total $ 15,646 $ 17,364 $ 84,485 $ 43,589 $ 38,761 $ 112,086 $ 644 $ 312,575 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Loans: Pass $ 1,451 $ 1,052 $ 2,089 $ 562 $ 382 $ 1,881 $ 3,681 $ 11,098 Special mention — — — 190 — 151 991 1,332 Substandard — — — — — 2,259 956 3,215 Doubtful — — — — — — — — Total $ 1,451 $ 1,052 $ 2,089 $ 752 $ 382 $ 4,291 $ 5,628 $ 15,645 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer Loans: Pass $ 228 $ 145 $ 161 $ 42 $ 104 $ 118 $ 215 $ 1,013 Substandard 5 — — 1 — — 5 11 Doubtful — — — — — — — — Total $ 233 $ 145 $ 161 $ 43 $ 104 $ 118 $ 220 $ 1,024 Current period gross charge-offs $ — $ — $ 2 $ — $ — $ — $ 27 $ 29 (1) Includes one- to four-family construction loans. (2) Home equity loans presented with an origination year represent home equity lines-of-credit which have been converted to term loans. (3) Includes commercial construction loans. The following table presents gross 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 charge-offs $ — $ — $ 3 $ — $ — $ — $ — $ 3 Home Equity (2) : 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 charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate (3) : 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 charge-offs $ — $ — $ — $ — $ — $ — $ — $ — 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 charge-offs $ — $ — $ — $ — $ — $ — $ — $ — 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 charge-offs $ — $ 8 $ 3 $ 3 $ 4 $ — $ 40 $ 58 (1) Includes one- to four-family construction loans. (2) Home equity loans presented with an origination year represent home equity lines-of-credit which have been converted to term loans. (3) 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 $ — $ — $ — $ — $ 4,935 $ — 1.53 % Other loans Commercial — — — — — 1,114 5.94 % Total $ $ — $ — $ — $ 4,935 $ 1,114

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings per Share [Abstract]
Calculated Basic and Diluted Earnings Per Share	The calculated basic and diluted earnings per share are as follows: Three Months Ended September 30, 2024 2023 Numerator – net income $ 1,332,000 $ 1,571,000 Denominator: Basic weighted average shares outstanding 5,638,836 5,846,333 Increase in weighted average shares outstanding due to: Stock options (1) — — Diluted weighted average shares outstanding (1) 5,638,836 5,846,333 Earnings per share: Basic $ 0.24 $ 0.27 Diluted $ 0.24 $ 0.27 Nine Months Ended September 30, 2024 2023 Numerator – net income $ 3,462,000 $ 4,071,000 Denominator: Basic weighted average shares outstanding 5,615,638 5,858,054 Increase in weighted average shares outstanding due to: Stock options (1) — — Diluted weighted average shares outstanding (1) 5,615,638 5,858,054 Earnings per share: Basic $ 0.62 $ 0.69 Diluted $ 0.62 $ 0.69 (1) Weighted average stock options to purchase 29,142 shares under the Company's 2006 Stock Option Plan and 20,000 shares under the EIP at $ 14.38 and $ 10.69 , respectively, were outstanding during the three months ended September 30, 2024 . Weighted average stock options to purchase 36,625 shares under the Company’s 2006 Stock Option Plan and 16,768 shares under the EIP at $ 14.38 and $ 10.69 , respectively, were outstanding during the nine months ended September 30, 2024 , but were not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive. Weighted average 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 the three and nine months ended September 30, 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)	9 Months Ended
	Sep. 30, 2024
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 September 30, December 31, 2024 2023 (Dollars in thousands) Commitments to grant loans $ 17,307 $ 21,045 Unfunded commitments to fund loans and lines of credit 91,456 75,721 Commercial and Standby letters of credit 671 1,212

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
2006 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Status of Stock Option Plan	2024 2023 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 58,857 $ 14.38 Granted — — — — Exercised — — — — Forfeited ( 29,715 ) $ 14.38 — — Outstanding at end of period 29,142 $ 14.38 2.0 years 58,857 $ 14.38 3.0 years Options exercisable at end of period 29,142 $ 14.38 2.0 years 58,857 $ 14.38 3.0 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	2024 2023 Options Exercise Price Intrinsic Value Remaining Contractual Life Options Exercise Price Remaining Contractual Life Outstanding at beginning of year 13,101 $ 14.38 20,000 $ 14.38 Granted 9,306 10.69 — — Exercised — — — — Forfeited ( 2,407 ) 14.38 — — Expired — — ( 6,899 ) $ 14.38 Outstanding at end of period 20,000 $ 12.66 $ 26,000 5.6 years 13,101 $ 14.38 3.3 years Options exercisable at end of period 10,694 $ 14.38 — 2.1 years 13,101 $ 14.38 3.3 years Options Exercise Price Fair Value Remaining Contractual Life Fair value of options granted 9,306 $ 10.69 $ 28,000 9.6 years
Schedule of Unvested Restricted Stock Activity	For the Nine Months Weighted Average Grant Price (per Share) For the Nine Months Weighted Average Grant Price (per Share) Unvested shares outstanding at beginning of year 17,719 $ 13.94 43,866 $ 15.02 Granted 52,252 10.69 8,282 12.91 Vested ( 10,926 ) 13.64 ( 11,734 ) 15.39 Forfeited — — ( 17,967 ) 14.91 Unvested shares outstanding at end of period 59,045 $ 11.12 22,447 $ 14.13
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 April 23, 2024 19,730 100 % on April 23, 2025 $ 10.69 Non-employee directors April 23, 2024 32,522 25 % per year for four years with first vesting on April 23, 2025 $ 10.69 Employees
2012 Equity Incentive Plan [Member] | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Awards Granted	Grant Date Number of Stock Option Awards Vesting Exercise Price Awardees April 23, 2024 9,306 20 % per year for five years with first vesting on April 23, 2025 $ 10.69 Non-employee directors

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value of Financial Instruments [Abstract]
Fair Value of Assets Measured on Recurring Basis	Fair Value Measurements at September 30, 2024 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 $ 1,923 $ — $ 1,923 $ — Municipal bonds 33,042 — 33,042 — Mortgage-backed securities: Collateralized mortgage obligations-private label 9 — 9 — Collateralized mortgage obligations-government 9,457 — 9,457 — Government National Mortgage Association 54 — 54 — Federal National Mortgage Association 9,680 — 9,680 — Federal Home Loan Mortgage Corporation 4,561 — 4,561 — Asset-backed securities: Private label 29 — 29 — Government sponsored entities 1 — 1 — Total Debt Securities $ 58,756 $ — $ 58,756 $ — Equity securities 26 26 — — Total Securities $ 58,782 $ 26 $ 58,756 $ — 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 $ —
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 September 30, 2024 Mortgage servicing rights $ 180 $ — $ — $ 180 At December 31, 2023 Foreclosed real estate $ 34 $ — $ — $ 34 Mortgage servicing rights 191 — — 191
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 September 30, 2024 Mortgage servicing rights $ 180 Discounted Cash Flow Model (3) Servicing Fees 0.25 % 0.25 % Servicing Costs 0.10 % 0.10 % Estimated Life of Loans 5.16 years 5.16 years At December 31, 2023 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 (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 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 loans.
Carrying Amount and Estimated Fair Value of Financial Instruments	Fair Value Measurements at September 30, 2024 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 $ 49,981 $ 49,981 $ 49,981 $ — $ — Securities 58,782 58,782 26 58,756 — Federal Home Loan Bank stock 1,157 1,157 — 1,157 — Loans receivable, net 539,005 520,668 — — 520,668 Accrued interest receivable 2,889 2,889 — 2,889 — Bank-owned life insurance 29,639 29,639 — 29,639 — Mortgage servicing rights 180 180 — — 180 Financial liabilities: Deposits 587,563 586,982 — 586,982 — Long-term debt 10,250 10,196 — 10,196 — Accrued interest payable 72 72 — 72 — 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 —

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2024
Other Comprehensive Income (Loss) [Abstract]
Tax Effects Allocated to Single Component of Other Comprehensive Income (Loss)	For the Three Months Ended September 30, 2024 For The Three Months Ended September 30, 2023 Pre-Tax Amount Tax Benefit (Expense) 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 $ 2,362 $ ( 496 ) $ 1,866 $ ( 4,014 ) $ 843 $ ( 3,171 ) Less: reclassification adjustment related to: Loss on sale of securities included in net income — — — 3 — 3 Recovery on previously impaired investment securities included in net income ( 1 ) — ( 1 ) ( 2 ) — ( 2 ) Total Other Comprehensive Income (Loss) $ 2,361 $ ( 496 ) $ 1,865 $ ( 4,013 ) $ 843 $ ( 3,170 ) For the Nine Months Ended September 30, 2024 For The Nine Months Ended September 30, 2023 Pre-Tax Amount Tax Benefit (Expense) 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) gains arising during the period $ 822 $ ( 173 ) $ 649 $ ( 3,473 ) $ 729 $ ( 2,744 ) Less: reclassification adjustment related to: Loss on sale of securities included in net income — — — 52 ( 10 ) 42 Recovery on previously impaired investment securities included in net income ( 4 ) 1 ( 3 ) ( 6 ) 1 ( 5 ) Total Other Comprehensive Income (Loss) $ 818 $ $ ( 172 ) $ 646 $ ( 3,427 ) $ 720 $ ( 2,707 )
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 three months ended September 30, on the Consolidated Components 2024 2023 Statements of Income (Dollars in thousands) Net unrealized (gains) losses on securities available for sale: Loss on sale of securities included in net income $ — $ 3 Loss on sale of securities available for sale Recovery on previously impaired investment securities ( 1 ) ( 2 ) Recovery on previously impaired investment securities Provision for income tax expense — — Income tax expense Total reclassification for the period $ ( 1 ) $ 1 Net Income Amounts Reclassified from Accumulated Details about Accumulated Other Other Comprehensive Loss Affected Line Item Comprehensive Loss for the nine months ended September 30, on the Consolidated Components 2024 2023 Statements of Income (Dollars in thousands) Net unrealized (gains) losses on securities available for sale: Loss on sale of securities included in net income $ — $ 52 Loss on sale of securities available for sale Recovery on previously impaired investment securities ( 4 ) ( 6 ) Recovery on previously impaired investment securities Provision for income tax expense 1 ( 9 ) Income tax expense Total reclassification for the period $ ( 3 ) $ 37 Net Income

New Accounting Standards (Narra

New Accounting Standards (Narratives) (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Accrued interest on loans	$ 2,500,000	$ 2,500,000
Net Investment in Lease, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable	Interest Receivable
Accrued interest receivable on available-for-sale debt securities	$ 319,000	$ 260,000

Investment Securities (Narrativ

Investment Securities (Narrative) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) Security shares	Sep. 30, 2023 USD ($) Security	Sep. 30, 2024 USD ($) Security shares	Sep. 30, 2023 USD ($) Security	Dec. 31, 2023 USD ($) Security shares
Schedule of Investments [Line Items]
Realized losses		$ 3,000		$ 52,000
Amortization of debt securities		$ 2,500,000		$ 8,400,000
Number of securities in unrealized losses less than twelve months category | Security	0		0
Number of securities in unrealized losses twelve months or more category | Security	173		173
Number of securities in unrealized losses | Security	173		173
Fair value in an unrealized loss position	$ 58,634,000		$ 58,634,000		$ 60,274,000
Available for sale securities sold	0		0
Accrued interest receivable on available-for-sale debt securities	$ 319,000		$ 319,000		$ 260,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable		Interest Receivable		Interest Receivable
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Number of investment securities sold | Security		12		35
Fair value in an unrealized loss position	$ 33,042,000		$ 33,042,000		$ 33,050,000
Municipal Bonds [Member] | Securities Pledged As Collateral For Customer Deposits [Member]
Schedule of Investments [Line Items]
Investment owned balance, positions | Security	17		17		16
Investment owned, at cost	$ 5,600,000		$ 5,600,000		$ 4,900,000
Investment owned, at fair value	4,200,000		4,200,000		3,700,000
Mortgage-backed securities [Member]
Schedule of Investments [Line Items]
Number of investment securities sold | Security				2
Fair value in an unrealized loss position	23,669,000		23,669,000		$ 25,350,000
Equity Securities [Member]
Schedule of Investments [Line Items]
Available for sale securities sold	$ 0	$ 0	$ 0	$ 0
Equity Securities [Member] | Federal Home Loan Mortgage Corporation [Member]
Schedule of Investments [Line Items]
Equity securities common stock shares owned | shares	22,368		22,368		22,368
Unrealized gain on equity securities		$ 3,000	$ 7,000	$ 5,000
Unrealized loss on equity securities	$ 4,000

Investment Securities (Amortize

Investment Securities (Amortized Cost and Fair Value of Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Amortized Cost	$ 69,838	$ 72,325
Gross Unrealized Gains	33	35
Gross Unrealized Losses	(11,089)	(11,918)
Fair Value	58,782	60,442
Debt Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost	69,816	72,303
Gross Unrealized Gains	29	35
Gross Unrealized Losses	(11,089)	(11,914)
Fair Value	58,756	60,424
U.S. Government Agencies [Member]
Schedule of Investments [Line Items]
Amortized Cost	2,006	2,007
Gross Unrealized Losses	(83)	(133)
Fair Value	1,923	1,874
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Amortized Cost	40,733	40,774
Gross Unrealized Losses	(7,691)	(7,724)
Fair Value	33,042	33,050
Collateralized Mortgage Obligations - Private Label [Member]
Schedule of Investments [Line Items]
Amortized Cost	10	10
Gross Unrealized Losses	(1)
Fair Value	9	10
Collateralized Mortgage Obligations - Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Amortized Cost	10,583	11,844
Gross Unrealized Gains		1
Gross Unrealized Losses	(1,126)	(1,445)
Fair Value	9,457	10,400
Government National Mortgage Association [Member]
Schedule of Investments [Line Items]
Amortized Cost	55	57
Gross Unrealized Losses	(1)	(2)
Fair Value	54	55
Federal National Mortgage Association [Member]
Schedule of Investments [Line Items]
Amortized Cost	11,075	11,872
Gross Unrealized Gains		1
Gross Unrealized Losses	(1,395)	(1,684)
Fair Value	9,680	10,189
Federal Home Loan Mortgage Corporation [Member]
Schedule of Investments [Line Items]
Amortized Cost	5,353	5,737
Gross Unrealized Gains		2
Gross Unrealized Losses	(792)	(926)
Fair Value	4,561	4,813
Asset-Backed Securities - Private label [Member]
Schedule of Investments [Line Items]
Gross Unrealized Gains	29	31
Gross Unrealized Losses
Fair Value	29	31
Asset-Backed Securities - Government sponsored entities [Member]
Schedule of Investments [Line Items]
Amortized Cost	1	2
Gross Unrealized Losses
Fair Value	1	2
Equity Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost	22	22
Gross Unrealized Gains	4
Gross Unrealized Losses		(4)
Fair Value	$ 26	$ 18

Investment Securities (Investme

Investment Securities (Investment in Debt Securities Gross Unrealized Loss) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value		$ 6,570
Less than 12 Months, Gross Unrealized Losses		(1,067)
12 Months or More, Fair Value	$ 58,634	53,704
12 Months or More, Gross Unrealized Losses	(11,089)	(10,847)
Fair Value	58,634	60,274
Gross Unrealized Losses	(11,089)	(11,914)
U.S. Government Agencies [Member]
Schedule of Investments [Line Items]
12 Months or More, Fair Value	1,923	1,874
12 Months or More, Gross Unrealized Losses	(83)	(133)
Fair Value	1,923	1,874
Gross Unrealized Losses	(83)	(133)
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value		6,513
Less than 12 Months, Gross Unrealized Losses		(1,065)
12 Months or More, Fair Value	33,042	26,537
12 Months or More, Gross Unrealized Losses	(7,691)	(6,659)
Fair Value	33,042	33,050
Gross Unrealized Losses	(7,691)	(7,724)
Mortgage-backed securities [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value		57
Less than 12 Months, Gross Unrealized Losses		(2)
12 Months or More, Fair Value	23,669	25,293
12 Months or More, Gross Unrealized Losses	(3,315)	(4,055)
Fair Value	23,669	25,350
Gross Unrealized Losses	$ (3,315)	$ (4,057)

Investment Securities (Schedule

Investment Securities (Scheduled Contractual Maturities Debt Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
After one year through five years - Amortized Cost	$ 2,094
After five years through ten years - Amortized Cost	10,426
After ten years - Amortized Cost	30,219
Amortized Cost	69,838	$ 72,325
After one year through five years - Fair Value	1,989
After five years through ten years - Fair Value	9,394
After ten years - Fair Value	23,582
Debt Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost	69,816	$ 72,303
Fair Value	58,756
Mortgage-backed securities [Member]
Schedule of Investments [Line Items]
Other securities - Amortized Cost	27,076
Other securities - Fair Value	23,761
Asset-backed Securities [Member]
Schedule of Investments [Line Items]
Other securities - Amortized Cost	1
Other securities - Fair Value	$ 30

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses (Narrative) (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($) Loan	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($) Loan	Dec. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Past Due [Line Items]
Loans pledged as collateral			$ 51,400,000		$ 55,800,000
Accrued interest receivable	$ 2,889,000		2,889,000		2,835,000
Accrued interest on loans	$ 2,500,000		$ 2,500,000		$ 2,500,000
Net Investment in Lease, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable		Accrued interest receivable		Accrued interest receivable
Interest income not recognized on non-accrual loans	$ 0	$ 0	$ 0	$ 0
Allowance for credit losses	$ 5,494,000	$ 6,642,000	$ 5,494,000	$ 6,642,000	$ 6,463,000	$ 5,916,000	$ 6,758,000	$ 7,065,000
Number of loans modified, payment default | Loan	0	0	0	0
Foreclosed real estate property	$ 0		$ 0		34,000
Mortgage loans in process of foreclosure	722,000		722,000		158,000
Accounting Standards Update [Extensible Enumeration]				Accounting Standards Update 2016-13 [Member]
Amortized cost basis of loans, experiencing financial difficulty and modified	0		0
Collateral-Dependent [Member]
Financing Receivable, Past Due [Line Items]
Allowance for credit losses	$ 0		$ 0		0
Past Due or on Non-accrual [Member]
Financing Receivable, Past Due [Line Items]
Number of loans modified | Loan	0		0
Other Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable term			5 years
Allowance for credit losses	$ 412,000	$ 545,000	$ 412,000	$ 545,000	$ 471,000	$ 523,000	$ 520,000	$ 509,000

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Schedule of Loan by Segment) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 541,048		$ 558,536
Net deferred loan costs	3,451		3,755
Allowance for credit losses on loans	(5,494)	$ (5,916)	(6,463)	$ (6,642)	$ (6,758)	$ (7,065)
Loans receivable, net	539,005		555,828
Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	524,379		540,860
Real Estate Loans: One-to-Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	163,835		172,005
Real Estate Loans: Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	47,969		51,869
Allowance for credit losses on loans	(184)	(216)	(213)	(210)	(257)	(217)
Real Estate Loans: Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	312,575		316,986
Allowance for credit losses on loans	(4,442)	(4,689)	(5,231)	(5,335)	(5,422)	(5,746)
Other Loans: Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	15,645		16,546
Allowance for credit losses on loans	(412)	(523)	(471)	(545)	(520)	(509)
Other Loans: Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,024		1,130
Allowance for credit losses on loans	$ (15)	$ (15)	$ (16)	$ (17)	$ (18)	$ (47)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses (Summary of Activity in Allowance for Credit Losses) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Allowance for Loan Losses [Line Items]
Balance, beginning	$ 5,916,000	$ 6,758,000	$ 6,463,000	$ 7,065,000
Charge-offs	(16,000)	(16,000)	(29,000)	(47,000)
Recoveries	5,000	37,000	15,000	71,000
(Credit) provision	(411,000)	(137,000)	(955,000)	(729,000)
Balance, ending	5,494,000	6,642,000	5,494,000	6,642,000
Allowance for Credit Loss: Ending balance: collectively evaluated	5,494,000	6,642,000	5,494,000	6,642,000	$ 6,463,000
Ending balance: Gross Loans Receivable	541,048,000	567,647,000	541,048,000	567,647,000	558,536,000
Gross Loans Receivable: Ending balance: individually evaluated	1,376,000	1,384,000	1,376,000	1,384,000	1,382,000
Gross Loans Receivable: Ending balance: collectively evaluated	539,672,000	566,263,000	539,672,000	566,263,000	557,154,000
Loans Receivable	541,048,000		541,048,000		558,536,000
Allowance for credit losses on loans	(5,494,000)	(6,642,000)	(5,494,000)	(6,642,000)	(6,463,000)
Deferred loan costs	3,451,000	3,843,000	3,451,000	$ 3,843,000	3,755,000
Accounting Standards Update [Extensible Enumeration]				Accounting Standards Update 2016-13 [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning				$ 282,000
Allowance for credit losses on loans
Real Estate Loans: One-to Four-Family [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	473,000	541,000	532,000	411,000
Recoveries	3,000		8,000
(Credit) provision	(35,000)	(6,000)	(99,000)	(77,000)
Balance, ending	441,000	535,000	441,000	535,000
Allowance for Credit Loss: Ending balance: collectively evaluated	441,000	535,000	441,000	535,000	532,000
Ending balance: Gross Loans Receivable	163,835,000	172,974,000	163,835,000	172,974,000	172,005,000
Gross Loans Receivable: Ending balance: individually evaluated	134,000	142,000	134,000	142,000	140,000
Gross Loans Receivable: Ending balance: collectively evaluated	163,701,000	172,832,000	163,701,000	172,832,000	171,865,000
Allowance for credit losses on loans	(441,000)	(535,000)	(441,000)	(535,000)	(532,000)
Real Estate Loans: One-to Four-Family [Member] | Construction Loans [Member]
Allowance for Loan Losses [Line Items]
Loans Receivable	0	2,700,000	0	2,700,000	466,000
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
Real Estate Loans: Home Equity [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	216,000	257,000	213,000	217,000
(Credit) provision	(32,000)	(47,000)	(29,000)	(121,000)
Balance, ending	184,000	210,000	184,000	210,000
Allowance for Credit Loss: Ending balance: collectively evaluated	184,000	210,000	184,000	210,000	213,000
Ending balance: Gross Loans Receivable	47,969,000	51,276,000	47,969,000	51,276,000	51,869,000
Gross Loans Receivable: Ending balance: collectively evaluated	47,969,000	51,276,000	47,969,000	51,276,000	51,869,000
Loans Receivable	47,969,000		47,969,000		51,869,000
Allowance for credit losses on loans	(184,000)	(210,000)	(184,000)	(210,000)	(213,000)
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
Real Estate Loans: Commercial [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	4,689,000	5,422,000	5,231,000	5,746,000
Recoveries		35,000		35,000
(Credit) provision	(247,000)	(122,000)	(789,000)	(501,000)
Balance, ending	4,442,000	5,335,000	4,442,000	5,335,000
Allowance for Credit Loss: Ending balance: collectively evaluated	4,442,000	5,335,000	4,442,000	5,335,000	5,231,000
Ending balance: Gross Loans Receivable	312,575,000	323,535,000	312,575,000	323,535,000	316,986,000
Gross Loans Receivable: Ending balance: individually evaluated	1,242,000	1,242,000	1,242,000	1,242,000	1,242,000
Gross Loans Receivable: Ending balance: collectively evaluated	311,333,000	322,293,000	311,333,000	322,293,000	315,744,000
Loans Receivable	312,575,000		312,575,000		316,986,000
Allowance for credit losses on loans	(4,442,000)	(5,335,000)	(4,442,000)	(5,335,000)	(5,231,000)
Real Estate Loans: Commercial [Member] | Construction Loans [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning			(6,463,000)
Balance, ending	(5,494,000)	(6,642,000)	(5,494,000)	(6,642,000)
Loans Receivable	15,100,000	23,900,000	15,100,000	23,900,000	16,400,000
Allowance for credit losses on loans	5,494,000	6,642,000	5,494,000	6,642,000	6,463,000
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
Other Loans: Commercial [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	523,000	520,000	471,000	509,000
Recoveries				29,000
(Credit) provision	(111,000)	25,000	(59,000)	(65,000)
Balance, ending	412,000	545,000	412,000	545,000
Allowance for Credit Loss: Ending balance: collectively evaluated	412,000	545,000	412,000	545,000	471,000
Ending balance: Gross Loans Receivable	15,645,000	18,749,000	15,645,000	18,749,000	16,546,000
Gross Loans Receivable: Ending balance: collectively evaluated	15,645,000	18,749,000	15,645,000	18,749,000	16,546,000
Loans Receivable	15,645,000		15,645,000		16,546,000
Allowance for credit losses on loans	(412,000)	(545,000)	(412,000)	(545,000)	(471,000)
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
Other Loans: Consumer [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning	15,000	18,000	16,000	47,000
Charge-offs	(16,000)	(16,000)	(29,000)	(47,000)
Recoveries	2,000	2,000	7,000	7,000
(Credit) provision	14,000	13,000	21,000	35,000
Balance, ending	15,000	17,000	15,000	17,000
Allowance for Credit Loss: Ending balance: collectively evaluated	15,000	17,000	15,000	17,000	16,000
Ending balance: Gross Loans Receivable	1,024,000	1,113,000	1,024,000	1,113,000	1,130,000
Gross Loans Receivable: Ending balance: collectively evaluated	1,024,000	1,113,000	1,024,000	1,113,000	1,130,000
Loans Receivable	1,024,000		1,024,000		1,130,000
Allowance for credit losses on loans	$ (15,000)	$ (17,000)	$ (15,000)	(17,000)	$ (16,000)
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
Other Loans: Unallocated [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning				135,000
Allowance for credit losses on loans
Other Loans: Unallocated [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Loan Losses [Line Items]
Balance, beginning				$ (135,000)
Allowance for credit losses on loans

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses (Schedule of Activity in Allowance for Credit Losses on Unfunded Loan Commitments) (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Allowance for Loan Losses [Line Items]
Beginning Balance			$ 487,000
Ending Balance	$ 576,000
Unfunded Loan Commitment [Member]
Allowance for Loan Losses [Line Items]
Beginning Balance	394,000	$ 358,000	487,000	$ 413,000	$ 633,000
Impact of CECL Adoption						$ 633,000
(Credit) Provision for Credit Losses	182,000	36,000	(129,000)	(62,000)	(220,000)
Ending Balance	$ 576,000	$ 394,000	$ 358,000	$ 351,000	$ 413,000	$ 633,000

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Schedule of Non-accrual by Loan Segment) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	$ 4,009	$ 3,347
Non-accrual with no Allowance for Credit Losses	4,009	3,347
Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	2,082	1,904
Non-accrual with no Allowance for Credit Losses	2,082	1,904
Real Estate Loans: Home Equity [Member]
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	689	196
Non-accrual with no Allowance for Credit Losses	689	196
Real Estate Loans: Commercial [Member]
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	1,226	1,242
Non-accrual with no Allowance for Credit Losses	1,226	1,242
Other Loans: Consumer [Member]
Financing Receivable, Nonaccrual [Line Items]
Total Non-accrual	12	5
Non-accrual with no Allowance for Credit Losses	$ 12	$ 5

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Analysis of Past Due Loans and Non-Accruing Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	$ 541,048	$ 558,536
Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	163,835	172,005
Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	47,969	51,869
Real Estate Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	312,575	316,986
Other Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	15,645	16,546
Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	1,024	1,130
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	1,212	1,809
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	1,056	1,488
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	124	315
Financial Asset, 30 to 59 Days Past Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	32	6
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	502	586
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	374	3
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	126	583
Financial Asset, 60 to 89 Days Past Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	2
Financial Asset, 90 Days or More Past Due [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	2,616	1,575
Financial Asset, 90 Days or More Past Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	771	276
Financial Asset, 90 Days or More Past Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	598	56
Financial Asset, 90 Days or More Past Due [Member] | Real Estate Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	1,242	1,242
Financial Asset, 90 Days or More Past Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	5	1
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	4,330	3,970
Financial Asset, Past Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	2,201	1,767
Financial Asset, Past Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	848	954
Financial Asset, Past Due [Member] | Real Estate Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	1,242	1,242
Financial Asset, Past Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	39	7
Financial Asset, Current Due [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	536,718	554,566
Financial Asset, Current Due [Member] | Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	161,634	170,238
Financial Asset, Current Due [Member] | Real Estate Loans: Home Equity [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	47,121	50,915
Financial Asset, Current Due [Member] | Real Estate Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	311,333	315,744
Financial Asset, Current Due [Member] | Other Loans: Commercial [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	15,645	16,546
Financial Asset, Current Due [Member] | Other Loans: Consumer [Member]
Financing Receivable, Past Due [Line Items]
Gross Loans Receivable	$ 985	$ 1,123

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses (Schedule of Amortized Cost of Collateral-Dependent Loans by Loan Segment) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	$ 541,048	$ 558,536
Residential Properties [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	336	343
Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	1,026	1,026
Collateral-Dependent [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	1,362	1,369
Real Estate Loans: One-to-Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	163,835	172,005
Real Estate Loans: One-to-Four Family [Member] | Residential Properties [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	136	143
Real Estate Loans: One-to-Four Family [Member] | Collateral-Dependent [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	136	143
Real Estate Loans: Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	47,969	51,869
Real Estate Loans: Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	312,575	316,986
Real Estate Loans: Commercial [Member] | Residential Properties [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	200	200
Real Estate Loans: Commercial [Member] | Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	1,026	1,026
Real Estate Loans: Commercial [Member] | Collateral-Dependent [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable	$ 1,226	$ 1,226

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Gross Loans by Credit Quality Indicator by Origination Year) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 541,048	$ 558,536
Real Estate Loans: One-to-Four Family [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	3,960	12,203
Originated in one year before latest fiscal year	11,927	36,365
Originated in two years before latest fiscal year	34,304	29,525
Originated in three years before latest fiscal year	27,544	18,067
Originated in four years before latest fiscal year	15,941	10,345
Prior	70,159	65,500
Total Loans	163,835	172,005
Current period gross charge-offs, 2021		3
Current period gross charge-offs, Total		3
Real Estate Loans: One-to-Four Family [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	3,960	12,203
Originated in one year before latest fiscal year	11,927	36,103
Originated in two years before latest fiscal year	33,852	29,486
Originated in three years before latest fiscal year	27,279	17,975
Originated in four years before latest fiscal year	15,852	10,075
Prior	68,471	63,928
Total Loans	161,341	169,770
Real Estate Loans: One-to-Four Family [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in one year before latest fiscal year		262
Originated in two years before latest fiscal year	452	39
Originated in three years before latest fiscal year	265	92
Originated in four years before latest fiscal year	89	270
Prior	1,688	1,572
Total Loans	2,494	2,235
Real Estate Loans: Home Equity [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year		3,660
Originated in one year before latest fiscal year	2,980	3,120
Originated in two years before latest fiscal year	2,446	102
Originated in three years before latest fiscal year	82	47
Originated in four years before latest fiscal year	38	274
Prior	613	511
Revolving Loans	41,810	44,155
Total Loans	47,969	51,869
Real Estate Loans: Home Equity [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year		3,660
Originated in one year before latest fiscal year	2,980	3,120
Originated in two years before latest fiscal year	2,446	102
Originated in three years before latest fiscal year	82	47
Originated in four years before latest fiscal year	38	274
Prior	613	511
Revolving Loans	40,972	43,862
Total Loans	47,131	51,576
Real Estate Loans: Home Equity [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	838	293
Total Loans	838	293
Real Estate Loans: Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	15,646	15,396
Originated in one year before latest fiscal year	17,364	85,587
Originated in two years before latest fiscal year	84,485	50,797
Originated in three years before latest fiscal year	43,589	44,452
Originated in four years before latest fiscal year	38,761	44,762
Prior	112,086	75,992
Revolving Loans	644
Total Loans	312,575	316,986
Real Estate Loans: Commercial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	15,646	15,396
Originated in one year before latest fiscal year	17,364	85,587
Originated in two years before latest fiscal year	84,485	50,797
Originated in three years before latest fiscal year	42,887	42,226
Originated in four years before latest fiscal year	36,617	38,694
Prior	100,554	72,256
Revolving Loans	644
Total Loans	298,197	304,956
Real Estate Loans: Commercial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in three years before latest fiscal year	190	984
Originated in four years before latest fiscal year		682
Prior	151
Revolving Loans	991
Total Loans	1,332	1,666
Real Estate Loans: Commercial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in three years before latest fiscal year		1,242
Originated in four years before latest fiscal year	1,242	5,386
Prior	8,641	3,736
Total Loans	9,883	10,364
Other Loans: Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	1,451	1,243
Originated in one year before latest fiscal year	1,052	2,591
Originated in two years before latest fiscal year	2,089	995
Originated in three years before latest fiscal year	752	622
Originated in four years before latest fiscal year	382	5,779
Prior	4,291	5,316
Revolving Loans	5,628
Total Loans	15,645	16,546
Other Loans: Commercial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	1,451	1,243
Originated in one year before latest fiscal year	1,052	2,591
Originated in two years before latest fiscal year	2,089	732
Originated in three years before latest fiscal year	562	622
Originated in four years before latest fiscal year	382	1,901
Prior	1,881	4,997
Revolving Loans	3,681
Total Loans	11,098	12,086
Other Loans: Commercial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in two years before latest fiscal year		263
Originated in three years before latest fiscal year	702
Originated in four years before latest fiscal year	902	764
Prior	2,891
Total Loans	4,495	1,027
Other Loans: Commercial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in four years before latest fiscal year		3,114
Prior	2,259	319
Revolving Loans	956
Total Loans	3,215	3,433
Other Loans: Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	233	269
Originated in one year before latest fiscal year	145	245
Originated in two years before latest fiscal year	161	81
Originated in three years before latest fiscal year	43	137
Originated in four years before latest fiscal year	104	2
Prior	118	210
Revolving Loans	220	186
Total Loans	1,024	1,130
Current period gross charge-offs, 2022		8
Current period gross charge-offs, 2021	2	3
Current period gross charge-offs, 2020		3
Current period gross charge-offs, 2019		4
Current period gross charge-offs, Revolving Loans	27	40
Current period gross charge-offs, Total	29	58
Other Loans: Consumer [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	228	269
Originated in one year before latest fiscal year	145	245
Originated in two years before latest fiscal year	161	79
Originated in three years before latest fiscal year	42	136
Originated in four years before latest fiscal year	104	2
Prior	118	210
Revolving Loans	215	184
Total Loans	1,013	1,125
Other Loans: Consumer [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Originated in current year	5
Originated in two years before latest fiscal year	0	2
Originated in three years before latest fiscal year	1	1
Originated in four years before latest fiscal year	0
Revolving Loans	5	2
Total Loans	$ 11	$ 5

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses (Summary of Loans Classified as TDRs) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis of loans, experiencing financial difficulty and modified	$ 0	$ 0
Add Co-Borrower/Guarantor [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis of loans, experiencing financial difficulty and modified			$ 4,935,000
Combination Term Extension and Add Co-Borrower [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis of loans, experiencing financial difficulty and modified			$ 1,114,000
Real Estate Loans: Commercial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percentage of Total Class of Financing Receivable			1.53%
Real Estate Loans: Commercial [Member] | Add Co-Borrower/Guarantor [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis of loans, experiencing financial difficulty and modified			$ 4,935,000
Other Loans: Commercial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percentage of Total Class of Financing Receivable			5.94%
Other Loans: Commercial [Member] | Combination Term Extension and Add Co-Borrower [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis of loans, experiencing financial difficulty and modified			$ 1,114,000

Earnings Per Share (Calculated

Earnings Per Share (Calculated Basic and Diluted Earnings Per Share) (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Numerator- net income	$ 1,332,000	$ 1,116,000	$ 1,014,000	$ 1,571,000	$ 816,000	$ 1,684,000	$ 3,462,000	$ 4,071,000
Denominator: Basic weighted average shares outstanding	5,638,836			5,846,333			5,615,638	5,858,054
Diluted weighted average shares outstanding	5,638,836			5,846,333			5,615,638	5,858,054
Earnings per share: Basic	$ 0.24			$ 0.27			$ 0.62	$ 0.69
Earnings per share: Diluted	$ 0.24			$ 0.27			$ 0.62	$ 0.69
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	29,142			58,857			36,625	58,857
Stock options outstanding weighted average exercise price	$ 14.38						$ 14.38
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	20,000			13,101			16,768	13,101
Stock options outstanding weighted average exercise price	$ 10.69			$ 14.38			$ 10.69	$ 14.38

Commitments to Extend Credit (D

Commitments to Extend Credit (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Off-balance sheet allowance for credit loss	$ 576,000	$ 487,000
Commitments to Grant Loans [Member]
Other Commitments [Line Items]
Commitments to extend credit	17,307,000	21,045,000
Unfunded Commitments to Fund Loans and Lines of Credit [Member]
Other Commitments [Line Items]
Commitments to extend credit	91,456,000	75,721,000
Commercial and Standby Letters of Credit [Member]
Other Commitments [Line Items]
Commitments to extend credit	$ 671,000	$ 1,212,000

Stock-based Compensation (Narra

Stock-based Compensation (Narrative) (Details)		3 Months Ended						9 Months Ended		12 Months Ended
	Apr. 24, 2024 shares	Sep. 30, 2024 USD ($) Item shares	Jun. 30, 2024 shares	Mar. 31, 2024 shares	Sep. 30, 2023 USD ($) shares	Jun. 30, 2023 shares	Mar. 31, 2023 shares	Sep. 30, 2024 USD ($) Item shares	Sep. 30, 2023 USD ($) shares	Dec. 31, 2006 USD ($) $ / shares shares	Dec. 31, 2023 shares	May 23, 2012 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock-based compensation plans | Item		3						3
ESOP compensation expense | $								$ 73,000	$ 66,000
ESOP, shares earned		1,984	1,984	1,984	1,984	1,984	1,984
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						0
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award expiration date								Apr. 24, 2024
Share-based compensation number of stock shares vested								10,926	11,734
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						$ 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 | $		$ 1,300,000						$ 1,300,000
ESOP, number of allocated shares		67,350						67,350			74,895
ESOP, number of unallocated shares		95,219						95,219			103,153
ESOP compensation expense | $		$ 27,000			$ 22,000			$ 73,000	$ 66,000
ESOP, shares earned		1,984			1,984			5,952	5,952
Restricted Stock [Member] | 2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost | $		$ 82,000			$ 40,000			$ 162,000	$ 22,000
Share-based compensation number of stock shares vested								120,946
Stock awards available for grant, shares		0						0
Unrecognized compensation cost, recognition period								28 months
Unrecognized compensation cost related to awards | $		$ 457,000						$ 457,000
Employee Stock Option | 2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost | $		1,000			0			$ 2,000	0
Share-based payment award expiration date	Apr. 24, 2024
Stock awards available for grant, shares	0
Unrecognized compensation cost, recognition period								54 months
Unrecognized compensation cost related to awards | $		26,000						$ 26,000
Non-Interest Expense Section [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $		$ 109,000			$ 62,000			$ 235,000	$ 88,000
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						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) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
2006 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of year	58,857	58,857
Forfeited	(29,715)
Outstanding at end of period	29,142	58,857
Options exercisable at end of period	29,142	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	3 years
Options Exercisable at end of period, Remaining Contractual Life	2 years	3 years
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of year	13,101	20,000
Granted	9,306
Forfeited	(2,407)
Expired		(6,899)
Outstanding at end of period	20,000	13,101
Options exercisable at end of period	10,694	13,101
Outstanding at beginning of year, Weighted Average Exercise Price	$ 14.38	$ 14.38
Granted, Weighted Average Exercise Price	10.69
Forfeited, Weighted Average Exercise Price	14.38
Expired, Weighted Average Exercise Price		14.38
Outstanding at end of period, Weighted Average Exercise Price	12.66	14.38
Options exercisable at end of period, Weighted Average Exercise Price	$ 14.38	$ 14.38
Options Outstanding, Intrinsic Value	$ 26,000
Options Outstanding at end of period, Remaining Contractual Life	5 years 7 months 6 days	3 years 3 months 18 days
Options Exercisable at end of period, Remaining Contractual Life	2 years 1 month 6 days	3 years 3 months 18 days
Granted, Fair Value	9,306
Granted, Fair Value of Options Weighted Average Excerise Price	$ 10.69
Granted, Fair Value of Options	$ 28,000
Granted, Fair Value of Options Remaining Contractual Life	9 years 7 months 6 days

Stock-based Compensation (Sched

Stock-based Compensation (Schedule of Unvested Restricted Stock Activity) (Details) - 2012 Equity Incentive Plan [Member] - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares outstanding at beginning of year	17,719	43,866
Granted	52,252	8,282
Vested	(10,926)	(11,734)
Forfeited		(17,967)
Unvested shares outstanding at end of period	59,045	22,447
Unvested shares outstanding at beginning of year, Weighted Average Grant Price	$ 13.94	$ 15.02
Granted, Weighted Average Grant Price	10.69	12.91
Vested, Weighted Average Grant Price	13.64	15.39
Forfeited, Weighted average Grant Price		14.91
Unvested shares outstanding at end of period, Weighted Average Grant Price	$ 11.12	$ 14.13

Stock-based Compensation (Sch_2

Stock-based Compensation (Schedule of Awards Granted ) (Details) - 2012 Equity Incentive Plan [Member] - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair Value per Share of Award on Grant Date	$ 10.69	$ 12.91
Restricted Stock [Member] | April 23, 2024 [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Awards	19,730
Percentage of Awards Vesting	100%
Fair Value per Share of Award on Grant Date	$ 10.69
Restricted Stock [Member] | April 23, 2024 [Member] | Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Awards	32,522
Percentage of Awards Vesting	25%
Vesting period	4 years
Fair Value per Share of Award on Grant Date	$ 10.69
Employee Stock Option | April 23, 2024 [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Awards	9,306
Percentage of Awards Vesting	20%
Vesting period	5 years
Fair Value per Share of Award on Grant Date	$ 10.69

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Narrative) (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	$ 0		$ 0
Mortgage servicing rights	180,000		191,000
Allowance for credit losses	5,494,000	$ 5,916,000	6,463,000	$ 6,642,000	$ 6,758,000	$ 7,065,000
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate	0		34,000
Collateral Dependent Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for credit losses	$ 0		$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Fair Value of Assets Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	$ 58,782	$ 60,442
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	26	18
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	58,756	60,424
Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	58,756	60,424
U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	1,923	1,874
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	33,042	33,050
Collateralized Mortgage Obligations - Private Label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	9	10
Collateralized Mortgage Obligations - Government Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	9,457	10,400
Asset-Backed Securities - Private label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	29	31
Asset-Backed Securities - Government sponsored entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	1	2
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	26	18
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	58,782	60,442
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	26	18
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	58,756	60,424
Fair Value, Recurring [Member] | Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	58,756	60,424
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	58,756	60,424
Fair Value, Recurring [Member] | U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	1,923	1,874
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	1,923	1,874
Fair Value, Recurring [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	33,042	33,050
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	33,042	33,050
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations - Private Label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	9	10
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	9	10
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	9,457	10,400
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	9,457	10,400
Fair Value, Recurring [Member] | Government National Mortgage Association [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	54	55
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	54	55
Fair Value, Recurring [Member] | Federal National Mortgage Association [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	9,680	10,189
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	9,680	10,189
Fair Value, Recurring [Member] | Federal Home Loan Mortgage Corporation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	4,561	4,813
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	4,561	4,813
Fair Value, Recurring [Member] | Asset-Backed Securities - Private label [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	29	31
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	29	31
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	1	2
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	1	2
Fair Value, Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities	26	18
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	$ 26	$ 18

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Assets Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Foreclosed real estate	$ 0	$ 34,000
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	180,000	191,000
Fair Value, Nonrecurring [Member] | Mortgage Servicing Rights [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Estimate	$ 180,000	$ 191,000

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	Sep. 30, 2024 USD ($) Items	Dec. 31, 2023 USD ($) Items
Mortgage Servicing Rights [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Estimate | $	$ 180	$ 191
Mortgage Servicing Rights [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Estimate | $	$ 180	191
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
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	0.001	0.0009
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	0.001	0.0009
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 1 month 28 days	5 years 3 months 25 days
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 1 month 28 days	5 years 3 months 25 days
Valuation Technique, Appraisal of Collateral [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, 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

Fair Value of Financial Instr_7

Fair Value of Financial Instruments (Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Cash and cash equivalents	$ 49,981,000	$ 53,730,000
Financial assets: Securities	58,782,000	60,442,000
Financial assets: Federal Home Loan Bank stock	1,157,000	2,293,000
Financial assets: Loans receivable, net	520,668,000	530,735,000
Financial assets: Accrued interest receivable	2,889,000	2,835,000
Financial assests: Bank owned life insurance	29,639,000	29,355,000
Financial assets: Mortgage Servicing Rights	180,000	191,000
Financial liabilities: Deposits	586,982,000	589,243,000
Financial liabilities: Long-term debt	10,196,000	34,757,000
Financial liabilities: Accrued interest payable	72,000	829,000
Financial assets: Cash and cash equivalents, Carrying Amount	49,981,000	53,730,000
Financial assets: Federal Home Loan Bank stock, Carrying Amount	1,157,000	2,293,000
Financial assets: Loans receivable, net, Carrying Amount	539,005,000	555,828,000
Financial assets: Accrued interest receivable, Carrying Amount	2,889,000	2,835,000
Financial assets:Bank-owned life insurance, Carrying Amount	29,639,000	29,355,000
Financial assets: Mortgage Servicing Rights, Carrying Amount	180,000	191,000
Financial liabilities: Deposits, Carrying Amount	587,563,000	590,924,000
Financial liabilities: Long-term debt, Carrying Amount	10,250,000	35,250,000
Financial liabilities: Accrued interest payable, Carrying Amount	72,000	829,000
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	49,981,000	53,730,000
Financial assets: Securities	26,000	18,000
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Securities	58,756,000	60,424,000
Financial assets: Federal Home Loan Bank stock	1,157,000	2,293,000
Financial assets: Accrued interest receivable	2,889,000	2,835,000
Financial assests: Bank owned life insurance	29,639,000	29,355,000
Financial liabilities: Deposits	586,982,000	589,243,000
Financial liabilities: Long-term debt	10,196,000	34,757,000
Financial liabilities: Accrued interest payable	72,000	829,000
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Loans receivable, net	520,668,000	530,735,000
Financial assets: Mortgage Servicing Rights	$ 180,000	$ 191,000

Treasury Stock (Details)

Treasury Stock (Details) - $ / shares	3 Months Ended				9 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased at average cost		1,504		4,764
Common Stock Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased at average cost	0		0		0	0
Remaining number of shares authorized to be repurchased under stock repurchase program	30,626		30,626		30,626	30,626
2012 Equity Incentive Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased at average cost					1,504	4,764
Repurchased shares of common stock average cost per share					$ 11.62	$ 11.63
Treasury stock transferred to fund awards granted					52,252	8,282
Treasury stock transferred, average cost per share					$ 10.69	$ 9.39
2012 Equity Incentive Plan [Member] | Stock Forfeitures [Member]
Equity, Class of Treasury Stock [Line Items]
Treasury stock transferred to fund awards granted						17,967
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	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Comprehensive Income (Loss) [Abstract]
Net unrealized gains (losses) on securities available for sale arising during the period, before tax	$ 2,362			$ (4,014)			$ 822	$ (3,473)
Less: reclassification adjustments related to: Loss on sale of securities included in net income, before tax				3				52
Less: reclassification adjustments related to: Recovery on previously impaired investment securities included in net income, before tax	(1)			(2)			(4)	(6)
Total Other Comprehensive Income (Loss), before tax	2,361			(4,013)			818	(3,427)
Net unrealized gains (losses) on securities available for sale arising during the year, tax benefit (expense)	(496)			843			(173)	729
Less: reclassification adjustments related to: Loss on sale of securities included in net income, tax benefit (expense)								(10)
Less: reclassification adjustments related to: Recovery on previously impaired investment securities included in net income, tax benefit (expense)							1	1
Total Other Comprehensive Income (Loss), tax benefit (expense)	(496)	$ 112	$ 211	843	$ 209	$ (333)	(172)	720
Net unrealized gains (losses) on securities available for sale arising during the year, net of tax	1,866			(3,171)			649	(2,744)
Reclassification adjustments related to: Loss on sale of securities included in net income, net of tax expense				3				42
Recovery on previously impaired investment securities included in net income, net of tax expense	(1)			(2)			(3)	(5)
Total Other Comprehensive Income (Loss)	$ 1,865	$ (421)	$ (798)	$ (3,170)	$ (790)	$ 1,253	$ 646	$ (2,707)

Other Comprehensive Income (L_4

Other Comprehensive Income (Loss) (Reclassification Out of Accumulated Other Comprehensive Loss) (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss on sale of securities included in net income				$ 3,000				$ 52,000
Recovery on previously impaired investment securities	$ 1,000			1,000			$ 4,000	6,000
Provision for income tax expense	(258,000)			(332,000)			(657,000)	(838,000)
Net Income (Loss)	1,332,000	$ 1,116,000	$ 1,014,000	1,571,000	$ 816,000	$ 1,684,000	3,462,000	4,071,000
Net Unrealized Losses on Securities Available for Sale [Member] | Reclassification out of Accumulated Other Comprehensive Loss [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss on sale of securities included in net income				3,000				52,000
Recovery on previously impaired investment securities	(1,000)			(2,000)			(4,000)	(6,000)
Provision for income tax expense				0			1,000	(9,000)
Net Income (Loss)	$ (1,000)			$ 1,000			$ (3,000)	$ 37,000

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - $ / shares			3 Months Ended		9 Months Ended
	Oct. 23, 2024	Sep. 30, 2024	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2024
Subsequent Event [Line Items]
Cash dividends declared, value per share			$ 0.18	$ 0.18	$ 0.36
Common Stock [Member] | Lake Shore Bancorp [Member]
Subsequent Event [Line Items]
Common stock outstanding		3,636,875	3,636,875		3,636,875
MHC [Member] | Common Stock [Member] | Lake Shore Bancorp [Member]
Subsequent Event [Line Items]
Common stock outstanding percentage		63.40%	63.40%		63.40%
Federal Reserve Bank Of Philadelphia [Member]
Subsequent Event [Line Items]
Cash dividends declared, value per share		$ 0.18
Subsequent Event [Member] | O2024 Q3 Dividends [Member]
Subsequent Event [Line Items]
Cash dividends declared, value per share	$ 0.18
Dividends payable, date of declared	Oct. 23, 2024
Dividends payable, date of paid	Nov. 08, 2024
Dividends payable, date of record	Nov. 04, 2024