Mid-Southern Bancorp (MSVB) 10-Q 13 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 06, 2021
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-38491
Entity Registrant Name	Mid-Southern Bancorp, Inc.
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	82-4821705
Entity Address, Address Line One	300 North Water Street
Entity Address, City or Town	Salem
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47167
City Area Code	812
Local Phone Number	883-2639
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	msvb
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	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,029,570
Entity Central Index Key	0001734875
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 2,377	$ 1,778
Interest-bearing deposits with banks	16,149	7,883
Cash and cash equivalents	18,526	9,661
Securities available for sale, at fair value	111,725	104,456
Securities held to maturity	25	31
Loans, net of allowance for loan losses of $1,612 and $1,589, respectively	110,903	113,259
Federal Home Loan Bank stock, at cost	778	778
Real estate held for sale	99	99
Premises and equipment	1,960	1,898
Accrued interest receivable:
Loans	294	314
Securities	707	584
Cash value of life insurance	3,898	3,865
Other assets	237	418
Total Assets	249,152	235,363
Deposits:
Noninterest-bearing	25,563	25,939
Interest-bearing	163,502	148,174
Total deposits	189,065	174,113
Advance from Federal Home Loan Bank	10,000	11,000
Accrued interest payable	11	10
Accrued expenses and other liabilities	960	1,236
Total Liabilities	200,036	186,359
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY
Preferred stock, 1,000,000 shares authorized, $0.01 par value, no shares issued and outstanding
Common stock, 30,000,000 shares authorized, $0.01 par value, 3,565,430 shares issued and 3,168,088 shares outstanding (3,173,057 in 2020)	36	36
Additional paid-in-capital	30,605	30,559
Retained earnings, substantially restricted	22,894	22,299
Accumulated other comprehensive income	2,633	3,213
Unearned ESOP shares	(1,717)	(1,769)
Unearned stock compensation plan	(345)	(422)
Treasury stock, at cost - 397,342 shares (392,373 in 2020)	(4,990)	(4,912)
Total Stockholders' Equity	49,116	49,004
Total Liabilities and Stockholders' Equity	$ 249,152	$ 235,363

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS (Unaudited)
Allowance for loan losses	$ 1,612	$ 1,589
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	30,000,000	30,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	3,565,430	3,565,430
Common stock, shares outstanding	3,168,088	3,173,057
Treasury stock, shares	397,342	392,373

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
INTEREST INCOME
Loans, including fees	$ 1,279	$ 1,383	$ 2,570	$ 2,849
Investment securities:
Mortgage-backed securities	143	88	284	209
Municipal tax exempt	384	264	749	482
Other debt securities	64	65	127	134
Federal Home Loan Bank dividends	5	8	9	15
Interest-bearing deposits with banks and time deposits		3	1	55
Total interest income	1,875	1,811	3,740	3,744
INTEREST EXPENSE
Deposits	123	205	250	424
Borrowings	44	44	87	88
Total interest expense	167	249	337	512
Net interest income	1,708	1,562	3,403	3,232
Provision for loan losses		15		72
Net interest income after provision for loan losses	1,708	1,547	3,403	3,160
NONINTEREST INCOME
Fees and commission	303	160	555	314
Brokered loan fees	83	8	151	15
Net gain on sales of securities available for sale		104		104
Increase in cash value of life insurance	15	17	31	34
Other income	12	10	23	18
Total noninterest income	325	283	599	455
NONINTEREST EXPENSE
Compensation and benefits	944	834	1,841	1,596
Occupancy and equipment	137	112	266	216
Data processing	125	93	220	203
Professional fees	123	158	278	295
Directors' compensation	72	78	172	152
Stockholders' meeting expense	20	16	38	27
Supervisory examinations	16	13	33	32
Deposit insurance premiums	15		30
Other expenses	178	151	326	282
Total noninterest expense	1,630	1,455	3,204	2,803
Income before income taxes	403	375	798	812
Income tax expense	6	33	23	85
Net Income	$ 397	$ 342	$ 775	$ 727
Earnings per common share:
Basic	$ 0.13	$ 0.10	$ 0.26	$ 0.22
Diluted	$ 0.13	$ 0.10	$ 0.26	$ 0.22
Deposit account service charges
NONINTEREST INCOME
Fees and commission	$ 70	$ 33	$ 120	$ 82
ATM and debit card fee income
NONINTEREST INCOME
Fees and commission	$ 145	$ 111	$ 274	$ 202

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
Net Income	$ 397	$ 342	$ 775	$ 727
Unrealized gains (losses) on securities available for sale:
Net unrealized holding gains (losses) arising during the period	1,231	3,777	(773)	1,798
Income tax benefit (expense)	(306)	(939)	193	(447)
Net of tax amount	925	2,838	(580)	1,351
Reclassification adjustment for realized gains included in net income during the period		104		104
Income tax expense		(26)		(26)
Net of tax amount		78		78
Other Comprehensive Income (Loss), net of tax	925	2,760	(580)	1,273
Total Comprehensive Income	$ 1,322	$ 3,102	$ 195	$ 2,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unearned ESOP Shares	Unearned Stock Compensation	Treasury Stock	Total
Balances at Dec. 31, 2019	$ 36	$ 30,415	$ 21,363	$ 1,281	$ (1,883)	$ (300)	$ (99)	$ 50,813
Net income			385					385
Other comprehensive income (loss)				(1,487)				(1,487)
Cash dividends			(67)					(67)
ESOP shares committed to be released		7			26			33
Purchase of treasury shares							(206)	(206)
Stock compensation expense		18				22		40
Balances at Mar. 31, 2020	36	30,440	21,681	(206)	(1,857)	(278)	(305)	49,511
Balances at Dec. 31, 2019	36	30,415	21,363	1,281	(1,883)	(300)	(99)	50,813
Net income								727
Other comprehensive income (loss)								1,273
Balances at Jun. 30, 2020	36	30,463	21,957	2,554	(1,831)	(256)	(1,982)	50,941
Balances at Mar. 31, 2020	36	30,440	21,681	(206)	(1,857)	(278)	(305)	49,511
Net income			342					342
Other comprehensive income (loss)				2,760				2,760
Cash dividends			(66)					(66)
ESOP shares committed to be released		7			26			33
Purchase of treasury shares							(1,677)	(1,677)
Stock compensation expense		16				22		38
Balances at Jun. 30, 2020	36	30,463	21,957	2,554	(1,831)	(256)	(1,982)	50,941
Balances at Dec. 31, 2020	36	30,559	22,299	3,213	(1,769)	(422)	(4,912)	49,004
Net income			378					378
Other comprehensive income (loss)				(1,505)				(1,505)
Cash dividends			(91)					(91)
ESOP shares committed to be released		15			26			41
Purchase of treasury shares							(5)	(5)
Stock compensation expense		13				45		58
Balances at Mar. 31, 2021	36	30,587	22,586	1,708	(1,743)	(377)	(4,917)	47,880
Balances at Dec. 31, 2020	36	30,559	22,299	3,213	(1,769)	(422)	(4,912)	49,004
Net income								775
Other comprehensive income (loss)								(580)
Balances at Jun. 30, 2021	36	30,605	22,894	2,633	(1,717)	(345)	(4,990)	49,116
Balances at Mar. 31, 2021	36	30,587	22,586	1,708	(1,743)	(377)	(4,917)	47,880
Net income			397					397
Other comprehensive income (loss)				925				925
Cash dividends			(89)					(89)
ESOP shares committed to be released		14			26			40
Purchase of treasury shares							(86)	(86)
Forfeiture of unearned stock awards						3	(3)
Exercise of stock options		(9)					16	7
Stock compensation expense		13				29		42
Balances at Jun. 30, 2021	$ 36	$ 30,605	$ 22,894	$ 2,633	$ (1,717)	$ (345)	$ (4,990)	$ 49,116

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited)
Cash dividend, per share amount	$ 0.03	$ 0.03	$ 0.02	$ 0.02
Treasury stock, shares, acquired	5,612	327	137,630	17,900

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 775	$ 727
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and accretion of discounts on securities, net	176	123
Provision for loan losses		72
Stock compensation expense	100	78
Depreciation expense	84	78
ESOP compensation expense	81	66
Deferred income taxes	(40)	(42)
Increase in cash value of life insurance	(31)	(34)
Net gain on sales of securities available for sale		(104)
Decrease in accrued interest receivable	(103)	(127)
Increase in accrued interest payable	1	8
Net change in other assets and liabilities	100	176
Net Cash Provided By Operating Activities	1,143	1,021
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of securities available for sale	(12,972)	(16,332)
Principal collected on mortgage-backed securities available for sale	3,339	3,047
Proceeds from maturities of securities available for sale	1,416	1,305
Proceeds from sales of securities available for sale		4,525
Principal collected on mortgage-backed securities held to maturity	6	6
Net decrease in loans receivable	2,356	3,720
Purchase of premises and equipment	(109)	(53)
Investment in cash value of life insurance	(2)	(2)
Net Cash Used In Investing Activities	(5,966)	(3,784)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	14,952	8,503
Repayment of advances from Federal Home Loan Bank	(1,000)
Proceeds from issuance of common stock	7
Purchase of treasury stock	(91)	(1,883)
Cash dividends paid	(180)	(133)
Net Cash Provided By Financing Activities	13,688	6,487
Net Increase in Cash and Cash Equivalents	8,865	3,724
Cash and cash equivalents at beginning of year	9,661	18,817
Cash and Cash Equivalents at End of Period	18,526	22,541
Supplemental Disclosures of Cash Flow Information
Interest	336	$ 504
Net tax payments	$ 18

Presentation of Interim Informa

Presentation of Interim Information	6 Months Ended
	Jun. 30, 2021
Presentation of Interim Information
Presentation of Interim Information	1. Presentation of Interim Information Mid-Southern Bancorp, Inc., (the "Company") was incorporated in January 2018 and became the holding company for Mid-Southern Savings Bank, FSB (the "Bank"), on July 11, 2018, upon the completion of the Bank’s conversion from the mutual holding company ownership structure and the Company’s related public stock offering. Please see Note 2 – Conversion and Stock Issuance for more information. The accompanying unaudited consolidated financial statements and notes have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. Generally Accepted Accounting Principles ("GAAP") for complete financial statements. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K filed with the SEC on March 26, 2021 ("2020 Form 10-K"). In the opinion of management, the unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the unaudited interim consolidated financial statements in accordance with GAAP. All of these adjustments are of a normal, recurring nature. Such adjustments are the only adjustments included in the unaudited consolidated financial statements. Interim results are not necessarily indicative of results for a full year or any other period. The unaudited consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform with the current period presentation. The reclassifications had no effect on net income or stockholders’ equity. In preparing the unaudited consolidated financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the allowance for loan losses, the valuation of foreclosed real estate and the underlying collateral of impaired loans, deferred tax assets, and the fair value of financial instruments. On April 5, 2012, the Jumpstart Our Business Startups Act ("JOBS Act") was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an "emerging growth company" we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our condensed consolidated financial statements may not be comparable to companies that comply with such new or revised accounting standards. ​

Conversion and Stock Issuance

Conversion and Stock Issuance	6 Months Ended
	Jun. 30, 2021
Conversion and Stock Issuance
Conversion and Stock Issuance	2. Conversion and Stock Issuance The Company, an Indiana corporation, was organized by Mid-Southern, M.H.C. (the “MHC") and the Bank in connection with the MHC’s plan of conversion from mutual to stock form of ownership (the "Conversion"). Upon consummation of the Conversion, which occurred on July 11, 2018, the Company became the holding company for the Bank and now owns all of the issued and outstanding shares of the Bank’s common stock. In connection with the Conversion, the Company sold a total of 2,559,871 shares of common stock in an offering to certain depositors of the Bank and others, including 204,789 shares purchased by the Bank’s employee stock ownership plan ("ESOP") funded by a loan from the Company (see Note 6 of the Notes to Consolidated Financial Statements). All shares were sold at a purchase price of $10.00 per share. Costs to complete the stock offering were deducted from the gross proceeds of the offering. Proceeds from the offering, net of $1.2 million in expenses, totaled $24.4 million. The Company used $2.0 million of the net proceeds to fund the ESOP and made a $10.2 million capital contribution to the Bank. In addition, concurrent with the offering, each share of Bank common stock owned by public stockholders was exchanged for 2.3462 shares of the Company’s common stock, with cash being paid in lieu of issuing any fractional shares. As a result of the offering, exchange and cash in lieu of fractional shares, the Company issued 3,565,430 shares. The Company has established a liquidation account in an amount equal to the MHC’s ownership interest in the stockholders’ equity of the Bank as reflected in the latest consolidated balance sheet contained in the final prospectus plus the value of the net assets of the MHC as reflected in the latest balance sheet of the MHC prior to the effective date of the conversion (excluding its ownership of Bank common stock). The liquidation account will be maintained for the benefit of eligible account holders who maintain deposit accounts with the Bank after conversion. The conversion was accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2021
Investment Securities
Investment Securities	3. Investment Securities Investment securities have been classified in the consolidated balance sheets according to management’s intent. Debt securities held by the Company include mortgage-backed securities and other debt securities issued by the Government National Mortgage Association ("GNMA"), a U.S. government agency, and mortgage-backed securities and collateralized mortgage obligations issued by the Federal National Mortgage Association ("FNMA") and the Federal Home Loan Mortgage Corporation ("FHLMC"), which are government-sponsored enterprises. Mortgage-backed securities ("MBS") represent participating interests in pools of long-term first mortgage loans originated and serviced by the issuers of the securities. Collateralized mortgage obligations ("CMO") are complex mortgage-backed securities that restructure the cash flows and risks of the underlying mortgage collateral. The Company also holds debt securities issued by municipalities and political subdivisions of state and local governments. Investment securities at June 30, 2021 and December 31, 2020 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ (In thousands) ​ Amortized ​ Unrealized ​ Unrealized ​ Fair June 30, 2021 Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ Agency MBS ​ $ 13,204 ​ $ 87 ​ $ 82 ​ $ 13,209 Agency CMO ​ 27,150 ​ ​ 155 ​ ​ 248 ​ ​ 27,057 ​ ​ 40,354 ​ ​ 242 ​ ​ 330 ​ ​ 40,266 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal obligations ​ 67,867 ​ ​ 3,607 ​ ​ 15 ​ ​ 71,459 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 108,221 ​ $ 3,849 ​ $ 345 ​ $ 111,725 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 25 ​ $ — ​ $ — ​ $ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities held to maturity ​ $ 25 ​ $ — ​ $ — ​ $ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 10,094 ​ $ 146 ​ $ — ​ $ 10,240 Agency CMO ​ 27,588 ​ ​ 207 ​ ​ 24 ​ ​ 27,771 ​ ​ 37,682 ​ ​ 353 ​ ​ 24 ​ ​ 38,011 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal obligations ​ 62,497 ​ ​ 3,954 ​ ​ 6 ​ ​ 66,445 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 100,179 ​ $ 4,307 ​ $ 30 ​ $ 104,456 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 31 ​ $ — ​ $ — ​ $ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities held to maturity ​ $ 31 ​ $ — ​ $ — ​ $ 31 ​ The amortized cost and fair value of debt securities as of June 30, 2021, by contractual maturity, are shown below. Expected maturities of MBS and CMO may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ Amortized Fair Amortized Fair (In thousands) ​ Cost ​ Value ​ Cost ​ Value Due in one year or less ​ $ 200 ​ $ 203 ​ $ — ​ $ — Due after one year through five years ​ 4,555 ​ ​ 4,717 ​ ​ — ​ ​ — Due after five years through ten years ​ 6,386 ​ ​ 6,842 ​ ​ — ​ ​ — Due after ten years ​ 56,726 ​ ​ 59,697 ​ ​ — ​ ​ — ​ ​ 67,867 ​ ​ 71,459 ​ ​ — ​ ​ — MBS and CMO ​ 40,354 ​ ​ 40,266 ​ ​ 25 ​ ​ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 108,221 ​ $ 111,725 ​ $ 25 ​ $ 25 ​ Information pertaining to investment securities available for sale with gross unrealized losses at June 30, 2021, aggregated by investment category and the length of time that individual investment securities have been in a continuous position, follows. At June 30, 2021, the Company did not have any securities in a continuous loss position for more than 12 months. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Gross (Dollars in thousands) ​ Investment ​ Fair ​ Unrealized June 30, 2021 ​ Positions ​ Value ​ Losses Securities available for sale: ​ ​ Continuous loss position less than 12 months: ​ ​ Agency MBS 3 $ 5,732 $ 82 Agency CMO ​ 10 ​ ​ 15,256 ​ ​ 248 Municipal obligations ​ 4 ​ ​ 2,210 ​ ​ 15 Total less than 12 months ​ 17 ​ ​ 23,198 ​ ​ 345 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale 17 ​ $ 23,198 ​ $ 345 ​ Information pertaining to investment securities available for sale with gross unrealized losses at December 31, 2020, aggregated by investment category and the length of time that individual investment securities have been in a continuous loss position, follows. At December 31, 2020, the Company did not have any securities in a continuous loss position for more than 12 months. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ Gross (Dollars in thousands) ​ Investment ​ Fair ​ Unrealized December 31, 2020 Positions Value Losses Securities available for sale: ​ ​ Continuous loss position less than 12 months: ​ ​ Agency CMO ​ 9 ​ $ 16,223 ​ $ 24 Municipal obligations 2 ​ ​ 1,494 ​ ​ 6 Total less than 12 months ​ 11 ​ ​ 17,717 ​ ​ 30 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale 11 ​ $ 17,717 ​ $ 30 ​ Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. At June 30, 2021, the debt securities available for sale in a loss position had depreciated approximately 1.47% from the amortized cost basis. All of the debt securities in a loss position at June 30, 2021 were backed by residential first mortgage loans or were obligations issued by federal or local government-sponsored enterprises. These unrealized losses relate principally to current interest rates for similar types of securities. In analyzing an issuer’s financial condition for purposes of evaluating whether declines in value are other-than-temporary, management considers whether the securities are issued by the federal government, its agencies or sponsored enterprises or local governments, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. As the Company has the ability to hold the debt securities until maturity, or for the foreseeable future if classified as available for sale, no declines are deemed to be other-than-temporary. Additional deterioration in market and economic conditions related to the recent Coronavirus Disease 2019 (“COVID-19”) pandemic may have an adverse impact on credit quality in the future and result in other-than-temporary impairment charges. There were no securities sales during the three- and six-month periods ended June 30, 2021. During both the three- and six-month periods ended June 30, 2020, the Company realized gross gains of $111,000 on the sale of available for sale MBS and municipal obligations and gross losses of $7,000 on the sale of available for sale municipal obligations.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2021
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	4. Loans and Allowance for Loan Losses The Company’s loan and allowance for loan loss policies are as follows: Loans Held for Investment. Loan origination and commitment fees, as well as certain direct costs of underwriting and closing loans, are deferred and amortized as a yield adjustment to interest income over the lives of the related loans using the interest method. Amortization of net deferred loan fees is discontinued when a loan is placed on nonaccrual status. Nonaccrual Loans. A loan is restored to accrual status when all principal and interest payments are brought current and the borrower has demonstrated the ability to make future payments of principal and interest as scheduled, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months. Allowance for Loan Losses. The Company uses a disciplined process and methodology to evaluate the allowance for loan losses on at least a quarterly basis that is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment or loans otherwise classified as doubtful or substandard. For such loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and classified loans that are found, upon individual evaluation, to not be impaired. Such loans are pooled by portfolio segment and losses are modeled using annualized historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the Company’s actual loss history over the most recent twenty calendar quarters unless the historical loss experience is not considered indicative of the level of risk in the remaining balance of a particular portfolio segment, in which case an adjustment is determined by management. The Company’s historical loss experience is then adjusted for qualitative factors that are reviewed on a quarterly basis. Management’s determination of the allowance for loan losses considers changes and trends in the following qualitative loss factors: lending policies and procedures, including underwriting standards and collection, charge-off and recovery practices and management experience, national and local economic conditions, new loan trends, past due and nonaccrual loans, loan reviews, collateral values, credit concentrations and other internal and external factors such as competition, legal and regulatory changes. Each loan pool’s historical loss rate is adjusted based on positive or negative changes in the qualitative loss factor. This adjustment is what determines the adjusted loss rate used in management’s allowance for loan loss adequacy calculation. Management exercises significant judgment in evaluating the relevant historical loss experience and the qualitative factors. Management also monitors the differences between estimated and actual incurred loan losses for loans considered impaired in order to evaluate the effectiveness of the estimation process and make any changes in the methodology as necessary. The following portfolio segments are considered in the allowance for loan loss analysis: one-to-four family residential real estate, multi-family residential real estate, residential construction, commercial construction, commercial real estate non owner occupied, commercial real estate owner occupied, junior liens, home equity lines of credit, commercial business, and consumer loans. Residential real estate loans primarily consist of loans to individuals for the purchase or refinance of their primary residence, with a smaller portion of the segment secured by non-owner-occupied residential investment properties and multi-family residential investment properties. Also, included within the residential real estate loan portfolio are home equity loans and junior lien loans, which are secured by liens on the borrower’s personal residence. The risks associated with residential real estate loans are closely correlated to the local housing market and general economic conditions, as repayment of the loans is primarily dependent on the borrower’s or tenant’s personal cash flow and employment status. The Company’s construction loan portfolio consists of single-family residential properties, multi-family properties and commercial projects, and includes both owner-occupied and speculative investment properties. Risks inherent in construction lending are related to the market value of the property held as collateral, the cost and timing of constructing or improving a property, the borrower’s ability to use funds generated by a project to service a loan until a project is completed, movements in interest rates and the real estate market during the construction phase, and the ability of the borrower to obtain permanent financing. Commercial real estate loans are comprised of loans secured by various types of collateral including farmland, office buildings, warehouses, retail space and mixed-use buildings located in the Company’s primary lending area. Risks related to commercial real estate lending are related to the market value of the property taken as collateral, the underlying cash flows and general economic condition of the local real estate market. Repayment of these loans is generally dependent on the ability of the borrower to attract tenants at lease rates or general business operating cash flows that provide for adequate debt service and can be impacted by local economic conditions which impact vacancy rates and the general level of business activity. The Company generally obtains loan guarantees from financially capable parties for commercial real estate loans. Commercial business loans include lines of credit to businesses, term loans and letters of credit secured by business assets such as equipment, accounts receivable, inventory, or other assets excluding real estate and are generally made to finance capital expenditures or fund operations. Commercial loans contain risks related to the value of the collateral securing the loan and the repayment is primarily dependent upon the financial success and viability of the borrower. As with commercial real estate loans, the Company generally obtains loan guarantees from financially capable parties for commercial business loans. Consumer loans consist primarily of home improvement loans, automobile and truck loans, boat loans, mobile home loans, loans secured by savings deposits, and other personal loans. The risks associated with these loans are related to the local housing market and local economic conditions including the unemployment level. Loan Charge-Offs. Consumer loans not secured by real estate are typically charged off at 90 days past due, or earlier if deemed uncollectible, unless the loans are in the process of collection. Overdrafts are charged off after 60 days past due. A charge-off is typically recorded on a loan secured by real estate when the property is foreclosed upon when the carrying value of the loan exceeds the property’s fair value less the estimated costs to sell. Impaired Loans. Values for collateral dependent loans are generally based on appraisals obtained from independent licensed real estate appraisers, with adjustments applied for estimated costs to sell the property, costs to complete unfinished or repair damaged property and other factors. New appraisals or valuations are generally obtained for all significant properties (if the value is estimated to exceed $100,000) when a loan is identified as impaired. Subsequent appraisals are obtained or an internal evaluation is prepared annually, or more frequently if management believes there has been a significant change in the market value of a collateral property securing a collateral dependent impaired loan. In instances where it is not deemed necessary to obtain a new appraisal, management bases its impairment evaluation on the original appraisal with adjustments for current conditions based on management’s assessment of market factors and inspection of the property. The recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure was $36,000 at both June 30, 2021 and December 31, 2020. Loans at June 30, 2021 and December 31, 2020 consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, (In thousands) ​ 2021 ​ 2020 Real estate mortgage loans: ​ ​ One-to-four family residential ​ $ 63,710 ​ $ 66,130 Multi-family residential ​ 8,458 ​ 8,964 Residential construction ​ ​ 1,144 ​ ​ 2,083 Commercial real estate ​ 28,110 ​ 30,171 Commercial real estate construction ​ 1,983 ​ 851 Commercial business loans ​ 7,554 ​ 5,212 Consumer loans ​ 1,640 ​ 1,442 Total loans ​ 112,599 ​ 114,853 ​ ​ ​ ​ ​ ​ ​ Deferred loan origination fees and costs, net ​ (84) ​ (5) Allowance for loan losses ​ (1,612) ​ (1,589) ​ ​ ​ ​ ​ ​ ​ Loans, net ​ $ 110,903 ​ $ 113,259 ​ The following table provides the components of the Company’s recorded investment in loans at June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Recorded Investment in Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal loan balance ​ $ 63,710 ​ $ 8,458 ​ $ 3,127 ​ $ 28,110 ​ $ 7,554 ​ $ 1,640 ​ $ 112,599 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued interest receivable ​ 180 ​ 18 ​ ​ 9 ​ ​ 65 ​ ​ 18 ​ ​ 4 ​ ​ 294 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred loan fees/costs ​ 6 ​ (17) ​ ​ (9) ​ ​ (42) ​ ​ (58) ​ ​ 36 ​ ​ (84) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment in loans ​ $ 63,896 ​ $ 8,459 ​ $ 3,127 ​ $ 28,133 ​ $ 7,514 ​ $ 1,680 ​ $ 112,809 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans as Evaluated for Impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,137 ​ $ — ​ $ — ​ $ 252 ​ $ 348 ​ $ — ​ $ 1,737 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 62,759 ​ 8,459 ​ ​ 3,127 ​ ​ 27,881 ​ ​ 7,166 ​ ​ 1,680 ​ ​ 111,072 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 63,896 ​ $ 8,459 ​ $ 3,127 ​ $ 28,133 ​ $ 7,514 ​ $ 1,680 ​ $ 112,809 ​ The following table provides the components of the Company’s recorded investment in loans at December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Recorded Investment in Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal loan balance ​ $ 66,130 ​ $ 8,964 ​ $ 2,934 ​ $ 30,171 ​ $ 5,212 ​ $ 1,442 ​ $ 114,853 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued interest receivable ​ 183 ​ 13 ​ 7 ​ 92 ​ 14 ​ 5 ​ 314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred loan fees/costs ​ 7 ​ (6) ​ (12) ​ (40) ​ 11 ​ 35 ​ (5) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment in loans ​ $ 66,320 ​ $ 8,971 ​ $ 2,929 ​ $ 30,223 ​ $ 5,237 ​ $ 1,482 ​ $ 115,162 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans as Evaluated for Impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,489 ​ $ — ​ $ — ​ $ 281 ​ $ 382 ​ $ — ​ $ 2,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 64,831 ​ 8,971 ​ 2,929 ​ 29,942 ​ 4,855 ​ 1,482 ​ 113,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 66,320 ​ $ 8,971 ​ $ 2,929 ​ $ 30,223 ​ $ 5,237 ​ $ 1,482 ​ $ 115,162 ​ An analysis of the allowance for loan losses as of June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Ending allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 21 ​ $ — ​ $ — ​ $ 7 ​ $ 22 ​ $ — ​ $ 50 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 978 ​ 103 ​ 32 ​ 305 ​ 115 ​ 29 ​ 1,562 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 999 ​ $ 103 ​ $ 32 ​ $ 312 ​ $ 137 ​ $ 29 ​ $ 1,612 ​ An analysis of the allowance for loan losses as of December 31, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Ending allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 21 ​ $ — ​ $ — ​ $ 8 ​ $ 26 ​ $ — ​ $ 55 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 971 ​ 98 ​ 55 ​ 298 ​ 87 ​ 25 ​ 1,534 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 992 ​ $ 98 ​ $ 55 ​ $ 306 ​ $ 113 ​ $ 25 ​ $ 1,589 ​ An analysis of the changes in the allowance for loan losses for the three months ended June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 997 ​ $ 84 ​ $ 38 ​ $ 309 ​ $ 137 ​ $ 25 ​ $ 1,590 Provisions ​ — ​ ​ 19 ​ ​ (6) ​ ​ 3 ​ ​ (21) ​ ​ 5 ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (2) ​ ​ (2) Recoveries ​ 2 ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 1 ​ ​ 24 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 999 ​ $ 103 ​ $ 32 ​ $ 312 ​ $ 137 ​ $ 29 ​ $ 1,612 ​ An analysis of the changes in the allowance for loan losses for the six months ended June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 992 ​ $ 98 ​ $ 55 ​ $ 306 ​ $ 113 ​ $ 25 ​ $ 1,589 Provisions ​ 3 ​ ​ 5 ​ ​ (23) ​ ​ 6 ​ ​ 3 ​ ​ 6 ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (6) ​ ​ (6) Recoveries ​ 4 ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 4 ​ ​ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 999 ​ $ 103 ​ $ 32 ​ $ 312 ​ $ 137 ​ $ 29 ​ $ 1,612 ​ An analysis of the changes in the allowance for loan losses for the three months ended June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 968 ​ $ 92 ​ $ 40 ​ $ 312 ​ $ 105 ​ $ 24 ​ $ 1,541 Provisions ​ 15 ​ ​ 2 ​ ​ 10 ​ ​ 8 ​ ​ (22) ​ ​ 2 ​ ​ 15 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (4) ​ ​ (4) Recoveries ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 984 ​ $ 94 ​ $ 50 ​ $ 320 ​ $ 83 ​ $ 25 ​ $ 1,556 ​ An analysis of the changes in the allowance for loan losses for the six months ended June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 955 ​ $ 83 ​ $ 44 ​ $ 289 ​ $ 102 ​ $ 25 ​ $ 1,498 Provisions ​ 39 ​ 11 ​ 6 ​ 31 ​ (19) ​ 4 ​ 72 Charge-offs ​ (12) ​ — ​ — ​ — ​ — ​ (10) ​ (22) Recoveries ​ 2 ​ — ​ — ​ — ​ — ​ 6 ​ 8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 984 ​ $ 94 ​ $ 50 ​ $ 320 ​ $ 83 ​ $ 25 ​ $ 1,556 ​ ​ The following table summarizes the Company’s impaired loans as of June 30, 2021 and for the three and six months ended June 30, 2021. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three- and six-month periods ended June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ At June 30, 2021 ​ June 30, 2021 ​ June 30, 2021 ​ ​ Unpaid ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income ​ Recorded ​ Income ​ Investment Balance Allowance Investment Recognized Investment Recognized ​ ​ (In thousands) Loans with no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 916 ​ $ 1,024 ​ $ — ​ $ 959 ​ $ — ​ $ 1,061 ​ $ 1 Commercial real estate ​ 74 ​ ​ 83 ​ ​ — ​ ​ 83 ​ ​ 1 ​ ​ 87 ​ ​ 2 Commercial business ​ — ​ ​ — ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 12 ​ ​ — ​ ​ $ 990 ​ $ 1,107 ​ $ — ​ $ 1,046 ​ $ 1 ​ $ 1,160 ​ $ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 221 ​ $ 220 ​ $ 21 ​ $ 235 ​ $ 2 ​ $ 231 ​ $ 5 Commercial real estate ​ 178 ​ ​ 185 ​ ​ 7 ​ ​ 180 ​ ​ 2 ​ ​ 182 ​ ​ 3 Commercial business ​ 348 ​ ​ 355 ​ ​ 22 ​ ​ 352 ​ ​ 5 ​ ​ 357 ​ ​ 10 ​ ​ $ 747 ​ $ 760 ​ $ 50 ​ $ 767 ​ $ 9 ​ $ 770 ​ $ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,137 ​ $ 1,244 ​ $ 21 ​ $ 1,194 ​ $ 2 ​ $ 1,292 ​ $ 6 Commercial real estate ​ 252 ​ ​ 268 ​ ​ 7 ​ ​ 263 ​ ​ 3 ​ ​ 269 ​ ​ 5 Commercial business ​ 348 ​ ​ 355 ​ ​ 22 ​ ​ 356 ​ ​ 5 ​ ​ 369 ​ ​ 10 ​ ​ $ 1,737 ​ $ 1,867 ​ $ 50 ​ $ 1,813 ​ $ 10 ​ $ 1,930 ​ $ 21 ​ The following table summarizes the Company’s impaired loans for the three- and six-month periods ended June 30, 2020. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three- and six-month periods ended June 30, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, 2020 ​ June 30, 2020 ​ Average Interest Average Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized ​ ​ (In thousands) Loans with no related allowance recorded: ​ ​ ​ ​ One-to-four family residential ​ $ 1,168 ​ $ 1 ​ $ 1,169 ​ $ 3 Commercial real estate ​ 270 ​ ​ — ​ 259 ​ ​ — Commercial business ​ 28 ​ ​ 1 ​ 29 ​ ​ 1 ​ ​ $ 1,466 ​ $ 2 ​ $ 1,457 ​ $ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 256 ​ $ 3 ​ $ 257 ​ $ 3 Commercial real estate ​ 340 ​ ​ 3 ​ 348 ​ ​ 8 Commercial business ​ 378 ​ ​ 5 ​ 379 ​ ​ 10 ​ ​ $ 974 ​ $ 11 ​ $ 984 ​ $ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,424 ​ $ 4 ​ $ 1,426 ​ $ 6 Commercial real estate ​ 610 ​ ​ 3 ​ 607 ​ ​ 8 Commercial business ​ 406 ​ ​ 6 ​ 408 ​ ​ 11 ​ ​ $ 2,440 ​ $ 13 ​ $ 2,441 ​ $ 25 ​ The following table summarizes the Company’s impaired loans as of December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Investment Balance Allowance ​ ​ (In thousands) Loans with no related allowance recorded: ​ ​ ​ One-to-four family residential ​ $ 1,265 ​ $ 1,380 ​ $ — Commercial real estate ​ 96 ​ 88 ​ — Commercial business ​ 15 ​ 16 ​ — ​ ​ $ 1,376 ​ $ 1,484 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ One-to-four family residential ​ $ 224 ​ $ 223 ​ $ 21 Commercial real estate ​ 185 ​ 195 ​ 8 Commercial business ​ 367 ​ 381 ​ 26 ​ ​ $ 776 ​ $ 799 ​ $ 55 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,489 ​ $ 1,603 ​ $ 21 Commercial real estate ​ 281 ​ 283 ​ 8 Commercial business ​ 382 ​ 397 ​ 26 ​ ​ $ 2,152 ​ $ 2,283 ​ $ 55 ​ Nonperforming loans consists of nonaccrual loans and loans over 90 days past due and still accruing interest. The following table presents the recorded investment in nonperforming loans at June 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2021 ​ At December 31, 2020 ​ ​ ​ ​ ​ Loans 90+ ​ ​ ​ ​ ​ ​ ​ Loans 90+ ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Total ​ ​ ​ ​ Days ​ Total ​ ​ Nonaccrual ​ Past Due ​ Nonperforming ​ Nonaccrual ​ Past Due ​ Nonperforming ​ Loans Still Accruing Loans Loans Still Accruing Loans ​ (In thousands) One-to-four family residential ​ $ 882 ​ $ — $ 882 $ 1,160 $ — $ 1,160 Commercial real estate ​ 30 ​ — ​ 30 ​ 96 ​ — ​ 96 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 912 ​ $ — ​ $ 912 ​ $ 1,256 ​ $ — ​ $ 1,256 ​ The following tables present the aging of the recorded investment in loans at June 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Over ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 Days ​ 60 ‑ 89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total ​ Past Due Past Due Past Due Past Due Current Loans ​ ​ (In thousands) June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 902 ​ $ 192 ​ $ 79 ​ $ 1,173 ​ $ 62,723 ​ $ 63,896 Multi-family residential ​ — ​ — ​ — ​ — ​ 8,459 ​ 8,459 Construction ​ — ​ — ​ — ​ — ​ 3,127 ​ 3,127 Commercial real estate ​ 58 ​ — ​ — ​ 58 ​ 28,075 ​ 28,133 Commercial business ​ — ​ — ​ — ​ — ​ 7,514 ​ 7,514 Consumer ​ 2 ​ — ​ — ​ 2 ​ 1,678 ​ 1,680 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 962 ​ $ 192 ​ $ 79 ​ $ 1,233 ​ $ 111,576 ​ $ 112,809 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,097 ​ $ 560 ​ $ 75 ​ $ 1,732 ​ $ 64,588 ​ $ 66,320 Multi-family residential ​ — ​ — ​ — ​ — ​ 8,971 ​ 8,971 Construction ​ — ​ — ​ — ​ — ​ 2,929 ​ 2,929 Commercial real estate ​ 27 ​ — ​ — ​ 27 ​ 30,196 ​ 30,223 Commercial business ​ — ​ — ​ — ​ — ​ 5,237 ​ 5,237 Consumer ​ 11 ​ — ​ — ​ 11 ​ 1,471 ​ 1,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 1,135 ​ $ 560 ​ $ 75 ​ $ 1,770 ​ $ 113,392 ​ $ 115,162 ​ The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, public information, historical payment experience, credit documentation, and current economic trends, among other factors. The Company classifies loans based on credit risk at least quarterly. The Company uses the following regulatory definitions for risk ratings: Special Mention Substandard Doubtful Loss Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. The following table presents the recorded investment in loans by risk category as of the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to- Multi- ​ ​ ​ ​ ​ ​ ​ ​ ​ Four Family ​ Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 62,954 ​ $ 8,459 ​ $ 3,127 ​ $ 28,086 ​ $ 7,514 ​ $ 1,680 ​ $ 111,820 Special mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 942 ​ — ​ — ​ 47 ​ — ​ — ​ 989 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 63,896 ​ $ 8,459 ​ $ 3,127 ​ $ 28,133 ​ $ 7,514 ​ $ 1,680 ​ $ 112,809 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 64,992 ​ $ 7,503 ​ $ 2,929 ​ $ 30,105 ​ $ 5,237 ​ $ 1,482 ​ $ 112,248 Special mention ​ — ​ 1,468 ​ — ​ — ​ — ​ — ​ 1,468 Substandard ​ 1,328 ​ — ​ — ​ 118 ​ — ​ — ​ 1,446 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 66,320 ​ $ 8,971 ​ $ 2,929 ​ $ 30,223 ​ $ 5,237 ​ $ 1,482 ​ $ 115,162 ​ Modification of a loan is considered to be a troubled debt restructuring ("TDR") if the debtor is experiencing financial difficulties and the Company grants a concession to the debtor that it would not otherwise consider. By granting the concession, the Company expects to obtain more cash or other value from the debtor, or to increase the probability of receipt, than would be expected by not granting the concession. The concession may include, but is not limited to, reduction of the stated interest rate of the loan, reduction of accrued interest, extension of the maturity date or reduction of the face amount of the debt. A concession will be granted when, as a result of the restructuring, the Company does not expect to collect all amounts due, including interest at the original stated rate. A concession may also be granted if the debtor is not able to access funds elsewhere at a market rate for debt with similar risk characteristics as the restructured debt. The Company’s determination of whether a loan modification is a TDR considers the individual facts and circumstances surrounding each modification. A TDR can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accrual status, depending on the individual facts and circumstances of the restructuring. A TDR on nonaccrual status is restored to accrual status when the borrower has demonstrated the ability to make future payments in accordance with the restructured terms, including consistent and timely payments for at least six consecutive months in accordance with the restructured terms. The Coronavirus Aid, Relief, and Economic Security Act of 2020 signed into law on March 27, 2020 ("CARES Act") provides guidance around the modification of loans as a result of the COVID-19 pandemic, which outlined, among other criteria, that short-term modifications made on a good faith basis to borrowers who were current as defined under the CARES Act prior to any relief, are not TDRs. This includes short-term ( e.g. On March 22, 2020, federal banking regulators issued an interagency statement that included guidance on their approach for the accounting of loan modifications in light of the economic impact of the COVID-19 pandemic. The guidance interprets current accounting standards and indicates that a lender can conclude that a borrower is not experiencing financial difficulty if short-term modifications are made in response to COVID-19, such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant related to the loans in which the borrower is less than 30 days past due on its contractual payments at the time a modification program is implemented. The agencies confirmed in working with the staff of the Financial Accounting Standards Board (“FASB”) that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs. Loan modifications in accordance with the CARES Act and related regulatory guidance are still subject to an evaluation in regard to determining whether or not a loan is deemed to be impaired. During 2020, the Bank had modified 89 loans with $18.6 million in total principal outstanding, and all modified loans had returned to their pre-modification payment terms as of December 31, 2020. No loans were modified under the CARES Act during the six months ended June 30, 2021. The following table summarizes the Company’s TDRs by accrual status as of June 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ Related ​ ​ ​ ​ ​ ​ Related ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ Accruing ​ Nonaccrual ​ Total ​ Loan Losses ​ Accruing ​ Nonaccrual ​ Total ​ Loan Losses ​ ​ (In thousands) One-to-four family residential ​ $ 255 ​ $ 175 ​ $ 430 ​ $ 21 ​ $ 329 ​ $ 226 ​ $ 555 ​ $ 21 Commercial real estate ​ 222 ​ — ​ 222 ​ 7 ​ 185 ​ 50 ​ 235 ​ 8 Commercial business ​ 348 ​ — ​ 348 ​ 22 ​ 382 ​ — ​ 382 ​ 26 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 825 ​ $ 175 ​ $ 1,000 ​ $ 50 ​ $ 896 ​ $ 276 ​ $ 1,172 ​ $ 55 ​ At both June 30, 2021 and December 31, 2020 there were no commitments to lend additional funds to debtors whose loan terms have been modified in a TDR (both accruing and nonaccruing). There were no TDRs that were restructured during the three and six months ended June 30, 2021. The following table summarizes information in regards to TDRs that were restructured during the three and six months ended June 30, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 ​ Six Months Ended June 30, 2020 ​ Pre-Modification Post-Modification Pre-Modification Post-Modification ​ ​ Number of ​ Outstanding ​ Outstanding ​ Number of ​ Outstanding ​ Outstanding ​ ​ Contracts ​ Balance ​ Balance ​ Contracts ​ Balance ​ Balance ​ ​ (In thousands) One-to-four family residential 3 ​ $ 149 ​ $ 149 3 ​ $ 149 ​ $ 149 Commercial real estate 1 ​ ​ 51 ​ ​ 51 1 ​ ​ 51 ​ ​ 51 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total 4 ​ $ 200 ​ $ 200 4 ​ $ 200 ​ $ 200 ​ For TDRs that were restructured during the three and six months ended June 30, 2020, the terms of the modifications included a three-month payment deferral associated with the COVID-19 pandemic. There were no principal charge-offs recorded as a result of TDRs and there was no specific allowance for loan losses related to TDRs modified during both the three- and six-month periods ended June 30, 2021 and 2020. There were no TDRs modified within the previous 12 months for which there was a subsequent payment default (defined as the loan becoming more than 90 days past due, being moved to nonaccrual status, or the collateral being foreclosed upon) during the three- and six-month periods ended June 30, 2021 and 2020. In the event that a TDR subsequently defaults, the Company evaluates the restructuring for possible impairment. As a result, the related allowance for loan losses may be increased or charge-offs may be taken to reduce the carrying amount of the loan.

Supplemental Disclosure for Ear

Supplemental Disclosure for Earnings Per Share	6 Months Ended
	Jun. 30, 2021
Supplemental Disclosure for Earnings Per Share
Supplemental Disclosure for Earnings Per Share	5. Supplemental Disclosure for Earnings Per Share Nonvested restricted stock shares and unallocated ESOP shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. No stock options for common stock and no restricted stock awards were excluded from the calculation of diluted net income per common share because their effect was antidilutive for the three- and six-month periods ended June 30, 2021 and 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ June 30, June 30, ​ 2021 2020 2021 2020 ​ ​ (Dollars in thousands, except per share data) Basic ​ ​ ​ ​ Earnings: ​ ​ ​ ​ Net income ​ $ 397 ​ $ 342 ​ $ 775 ​ $ 727 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares: ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ 2,967,050 ​ 3,262,240 ​ 2,966,416 ​ 3,303,847 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per common share, basic ​ $ 0.13 ​ $ 0.10 ​ $ 0.26 ​ $ 0.22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ Earnings: ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 397 ​ $ 342 ​ $ 775 ​ $ 727 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ 2,967,050 ​ 3,262,240 ​ 2,966,416 ​ 3,303,847 Add: Dilutive effect of stock options ​ 3,582 ​ 1,105 ​ 3,501 ​ 1,137 Add: Dilutive effect of restricted stock ​ 5,506 ​ 233 ​ 4,731 ​ 81 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding, as adjusted ​ 2,976,138 ​ 3,263,578 ​ 2,974,648 ​ 3,305,065 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per common share, Diluted ​ $ 0.13 ​ $ 0.10 ​ $ 0.26 ​ $ 0.22 ​

Employee Stock Ownership Plan

Employee Stock Ownership Plan	6 Months Ended
	Jun. 30, 2021
Employee Stock Ownership Plan
Employee Stock Ownership Plan	6. Employee Stock Ownership Plan In connection with the Conversion, the Bank established a leveraged ESOP for eligible employees of the Company and the Bank. The ESOP trust purchased 204,789 shares of Company common stock at the initial public offering price of $10.00 per share financed by a 20-year term loan with the Company. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Company’s discretionary contributions to the ESOP and earnings on ESOP assets. The employer loan and the related interest income are not recognized in the consolidated financial statements as the debt is serviced by employer contributions. Dividends payable on allocated shares are charged to retained earnings and are satisfied by the allocation of cash dividends to participant accounts. Dividends payable on unallocated shares are not considered dividends for financial reporting purposes. Shares held by the ESOP trust are held in a suspense account and allocated to participant accounts as principal and interest payments are made by the ESOP to the Company. Payments of principal and interest are due annually on December 31 st As shares are committed to be released for allocation to participant accounts from collateral, the Company reports compensation expense equal to the average fair value of shares committed to be released during the year with a corresponding credit to stockholders’ equity and the shares become outstanding for earnings per share computations. The compensation expense is accrued throughout the year. Compensation expense recognized for the three- and six-month periods ended June 30, 2021 was $40,000 and $81,000, respectively. Compensation expense recognized for the three- and six-month periods ended June 30, 2020 was $33,000 and $66,000, respectively. The ESOP trust held 27,863 allocated shares and 176,926 unallocated shares of Company common stock at June 30, 2021. The fair value of the unallocated shares was $2.8 million at June 30, 2021.

Stock-based Compensation Plans

Stock-based Compensation Plans	6 Months Ended
	Jun. 30, 2021
Stock-based Compensation Plans
Stock-based Compensation Plans	7. Stock-based Compensation Plans The Company’s stock-based compensation plans are described below. 2010 Equity Incentive Plan The Bank had an equity incentive plan (the “2010 Plan”) adopted on July 27, 2010 which was assumed by the Company in connection with the Conversion. Under the 2010 Plan, 127,849 shares of common stock, as adjusted for the Conversion exchange ratio, were approved for awards of stock options and restricted stock. As of June 30, 2021, on an adjusted basis, awards for stock options totaling 93,254 shares and awards for restricted stock totaling 34,250 shares of Company common stock have been granted, net of any forfeitures, to participants in the 2010 Plan. The 2010 Plan expired July 27, 2020. The vesting dates for stock option awards are determined by the Compensation Committee appointed by the board of directors. All unvested options become exercisable upon an option holder’s death or disability and in the event of a change in control. Option prices may not be less than the fair market value of the underlying stock at the date of the grant of the award. Restricted stock awards generally vest over a period of five years. The Plan provides that unvested restricted stock awards become fully vested upon a holder’s death or disability and in the event of a change in control. Compensation expense is recognized over the requisite service period with a corresponding credit to stockholders' equity. The requisite service period for restricted shares is the vesting period. 2019 Equity Incentive Plan In September 2019, the Company’s stockholders approved the 2019 Equity Incentive Plan (the “2019 Plan”) which provides for the award of stock options and restricted stock. Under the 2019 Plan, the Compensation Committee may grant stock options that, upon exercise, result in the issuance of 255,987 shares of common stock and may grant 102,395 shares of restricted stock. At June 30, 2021, awards for restricted stock totaling 18,500 shares of the Company common stock have been granted to participants in the 2019 Plan. At June 30, 2021, no awards of stock options have been granted under the 2019 Plan. The fair market value of stock options granted is determined at the date of grant using the binomial option pricing model. Expected volatilities are based on historical volatility of the Company's stock (for periods prior to the Conversion, the historical volatility of the Bank’s common stock). The expected term of options granted represents the period of time that options are expected to be outstanding and is based on historical trends. The risk-free rate for the expected life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. A summary of option activity under the 2010 Plan as of June 30, 2021, and changes during the three-month period then ended is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Number ​ Weighted ​ Remaining ​ Aggregate ​ ​ of ​ Average Exercise ​ Contractual ​ Intrinsic ​ Shares Price Term Value Outstanding at beginning of year 93,254 $ 13.18 ​ ​ ​ ​ ​ Granted — ​ ​ — ​ ​ ​ ​ ​ Exercised (1,170) ​ ​ 5.11 ​ ​ ​ ​ ​ Forfeited or expired — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at end of period 92,084 $ 13.29 8.4 $ 241,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and expected to vest 92,084 $ 13.29 8.4 $ 241,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of period 43,348 $ 13.23 8.4 $ 116,000 ​ For the three- and six-month periods ended June 30, 2021, the Company recognized $13,000 and $26,000, respectively, in compensation expense related to the stock option plan. For the three- and six-month periods ended June 30, 2020, the Company recognized $17,000 and $34,000, respectively in compensation expense related to the stock option plan. At June 30, 2021, there was $131,000 of unrecognized compensation expense related to nonvested stock options. The compensation expense is expected to be recognized over a weighted average period of 2.5 years. A summary of the activity for the Company’s nonvested restricted shares as of June 30, 2021 and changes during the three-month period then ended is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number ​ Average ​ ​ of ​ Grant-Date ​ Shares Fair Value Nonvested at beginning of year 30,142 $ 14.00 Granted — ​ ​ — Vested (1,000) ​ ​ 14.74 Forfeited (200) ​ ​ 14.74 ​ ​ ​ ​ ​ ​ Nonvested at end of period 28,942 $ 13.97 ​ For the three- and six-month periods ended June 30, 2021, the Company recognized $29,000 and $74,000, respectively, in compensation expense related to the restricted stock plans. For the three- and six-month periods ended June 30, 2020, the Company recognized $22,000 and $44,000, respectively, in compensation expense related to the restricted stock plans. At June 30, 2021, unrecognized compensation expense related to nonvested restricted shares was $345,000. The compensation expense is expected to be recognized over the remaining weighted average vesting period of 2.9 years.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Measurements
Fair Value Measurements	8. Fair Value Measurements FASB ASC Topic 820 , Fair Value Measurement, Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets Level 2: Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not active; or inputs that are derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth on the following page. These valuation methodologies were applied to all of the Company’s financial and nonfinancial assets carried at fair value or the lower of cost or fair value. The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of June 30, 2021 and December 31, 2020. The Company had no liabilities measured at fair value as of June 30, 2021 and December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Value ​ Level 1 Level 2 Level 3 Total ​ ​ (In thousands) June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Agency MBS ​ $ — ​ $ 13,209 ​ $ — ​ $ 13,209 Agency CMO ​ — ​ 27,057 ​ — ​ 27,057 Municipal obligations ​ — ​ 71,459 ​ — ​ 71,459 Total securities available for sale ​ $ — ​ $ 111,725 ​ $ — ​ $ 111,725 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Nonrecurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ — ​ $ — ​ $ 1,116 ​ $ 1,116 Commercial real estate ​ — ​ — ​ 245 ​ 245 Commercial business ​ ​ — ​ ​ — ​ ​ 326 ​ ​ 326 Total impaired loans ​ $ — ​ $ — ​ $ 1,687 ​ $ 1,687 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate held for sale ​ $ — ​ $ — ​ $ 99 ​ $ 99 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Agency MBS ​ $ — ​ $ 10,240 ​ $ — ​ $ 10,240 Agency CMO ​ — ​ 27,771 ​ — ​ 27,771 Municipal obligations ​ — ​ 66,445 ​ — ​ 66,445 Total securities available for sale ​ $ — ​ $ 104,456 ​ $ — ​ $ 104,456 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Nonrecurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ — ​ $ — ​ $ 1,468 ​ $ 1,468 Commercial real estate ​ — ​ — ​ 273 ​ 273 Commercial business ​ — ​ — ​ 356 ​ 356 Total impaired loans ​ $ — ​ $ — ​ $ 2,097 ​ $ 2,097 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate held for sale ​ $ — ​ $ — ​ $ 99 ​ $ 99 ​ Fair value is based upon quoted market prices, where available. If quoted market prices are not available, fair value is based on internally developed models or obtained from third parties that primarily use, as inputs, observable market-based parameters or a matrix pricing model that employs the Bond Market Association’s standard calculations for cash flow and price/yield analysis and observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value, or the lower of cost or fair value. These adjustments may include unobservable parameters. Any such valuation adjustments have been applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Securities Available for Sale. Impaired Loans . Impaired loans are carried at the present value of estimated future cash flows using the loan’s effective interest rate or the fair value of collateral less estimated costs to sell if the loan is collateral dependent. At both June 30, 2021 and December 31, 2020, all impaired loans other than performing TDRs were considered to be collateral dependent for the purpose of determining fair value. Collateral may be real estate and/or business assets, including equipment, inventory and/or accounts receivable. The fair value of the collateral is generally determined based on real estate appraisals or other independent evaluations by qualified professionals, adjusted for estimated costs to sell the property, costs to complete or repair the property and other factors to reflect management’s estimate of the fair value of the collateral given the current market conditions and the condition of the collateral. At both June 30, 2021 and December 31, 2020, the significant unobservable inputs used in the fair value measurement of collateral dependent impaired loans included a discount from appraised value (including estimated costs to sell the collateral) of 10%. The Company recognized a reduction in the allowance for loan losses allocated to impaired loans of $2,000 and $5,000 for the three and six months ended June 30, 2021, respectively. The Company recognized an increase of $3,000 in the allowance for loan losses allocated to impaired loans for both the three and six months ended June 30, 2020. Real Estate Held for Sale . At both June 30, 2021 and December 31, 2020, the significant unobservable inputs used in the fair value measurement of real estate held for sale included a discount from appraised value (including estimated costs to sell the property) of 10%. The Company did not recognize any charges to write down real estate held for sale during both the three- and six-month periods ended June 30, 2021 and 2020. There have been no changes in the valuation techniques and related inputs used for assets measured at fair value on a recurring and nonrecurring basis during the three and six months ended June 30, 2021 and 2020. There were no transfers into or out of the Company’s Level 3 financial assets for the three- and six-month periods ended June 30, 2021 and 2020. GAAP requires disclosure of the fair value of financial assets and financial liabilities, whether or not recognized in the balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair values of the Company’s financial instruments are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using ​ Value Level 1 Level 2 Level 3 ​ ​ (In thousands) June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ Cash and cash equivalents ​ $ 18,526 ​ $ 18,526 ​ $ — ​ $ — Securities available for sale ​ 111,725 ​ — ​ 111,725 ​ — Securities held to maturity ​ 25 ​ — ​ 25 ​ — Loans, net ​ 110,903 ​ — ​ — ​ 112,201 FHLB stock ​ 778 ​ N/A ​ N/A ​ N/A Accrued interest receivable ​ 1,001 ​ — ​ 1,001 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ ​ 189,065 ​ ​ — ​ ​ — ​ ​ 189,259 Advance from FHLB ​ ​ 10,000 ​ ​ — ​ ​ 10,321 ​ ​ — Accrued interest payable ​ ​ 11 ​ ​ — ​ ​ 11 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 9,661 ​ $ 9,661 ​ $ — ​ $ — Securities available for sale ​ 104,456 ​ — ​ 104,456 ​ — Securities held to maturity ​ 31 ​ — ​ 31 ​ — Loans, net ​ 113,259 ​ — ​ — ​ 117,432 FHLB stock ​ 778 ​ N/A ​ N/A ​ N/A Accrued interest receivable ​ 898 ​ — ​ 898 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 174,113 ​ — ​ — ​ 174,548 Advance from FHLB ​ ​ 11,000 ​ ​ — ​ ​ 11,450 ​ ​ — Accrued interest payable ​ ​ 10 ​ ​ — ​ ​ 10 ​ ​ — ​

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2021
Revenue from Contracts with Customers
Revenue from Contracts with Customers	9. Revenue from Contracts with Customers ​ Substantially all of the Company’s revenue from contracts with customers in the scope of FASB ASC 606 is recognized within noninterest income. The following table presents the Company’s sources of noninterest income and other income within the scope of FASB ASC 606 for the three and six months ended June 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, ​ June 30, ​ 2021 ​ 2020 ​ 2021 2020 ​ ​ (In thousands) Deposit account service charges ​ $ 70 ​ $ 33 ​ $ 120 ​ $ 82 Brokered loan fees ​ ​ 83 ​ ​ 8 ​ 151 ​ ​ 15 ATM and debit card fee income ​ ​ 145 ​ ​ 111 ​ 274 ​ ​ 202 Other income ​ ​ 5 ​ ​ 8 ​ 10 ​ ​ 15 Revenue from contracts with customers ​ ​ 303 ​ ​ 160 ​ 555 ​ ​ 314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gains on investments ​ ​ — ​ ​ 104 ​ ​ — ​ ​ 104 Increase in cash surrender value of life insurance ​ ​ 15 ​ ​ 17 ​ 31 ​ ​ 34 Other income ​ ​ 7 ​ ​ 2 ​ 13 ​ ​ 3 Other noninterest income ​ ​ 22 ​ ​ 123 ​ 44 ​ ​ 141 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total noninterest income ​ $ 325 ​ $ 283 ​ $ 599 ​ $ 455 ​ A description of the Company’s revenue streams accounted for under FASB ASC 606 follows: Deposit Account Service Charges Brokered Loan Fees ATM and Debit Card Fee Income Other Income

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2021
Recent Accounting Pronouncements
Recent Accounting Pronouncements	10. Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In February 2016, FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. A lessee should include payments to be made in an optional period only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. For a finance lease, interest payments should be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income. For operating leases, the lease cost should be allocated over the lease term on a generally straight-line basis. For public entities the amendments in the ASU became effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For nonpublic entities, the original effective date of the guidance was for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. In November 2019, the FASB issued ASU 2019-10 which delayed the effective date of ASU 2016-02 for nonpublic entities until fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early application of the amendments in the ASU is permitted. In June 2020, the FASB issued ASU 2020-05 which delayed the effective date of ASU 2016-02 for nonpublic entities until fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Early application of the amendments in the ASU continues to be permitted. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842), Targeted Improvements Leases (Topic 842), Codification Improvements Leases (Topic 842) Fair Value Measurements and Disclosures (Topic 820) In addition, this ASU amended the new leases standard to clarify the presentation on the statement of cash flows principal payments received under leases for depository and lending institutions for Sales-Type and Direct Financing Leases. Specifically for these entities and leases, all principal payments received under leases will be presented within investing activities on the statement of cash flows. Finally, this ASU amended the new leases standard to explicitly provide an exception to paragraph 250-10-50-3 interim disclosure requirements for an entity electing the transition method of implementation. The amendments have the same effective date as ASU 2016-02. The effect of the adoption of these ASUs will depend on leases at the time of adoption. Once adopted, the Company expects to report higher assets and liabilities as a result of including right-of-use assets and lease liabilities related to certain banking offices under noncancelable operating lease agreements; however, based on current leases, the adoption is expected to increase our consolidated balance sheets by less than 5.0% and not to have a material impact on our regulatory capital ratios. The FASB originally issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) credit losses with an option to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. In November 2019, the FASB issued ASU No. 2019-10 which delayed the effective date of ASU 2016-13 for smaller reporting companies, as defined by the Securities and Exchange Commission (“SEC”) and other non-SEC reporting entities to fiscal years beginning after December 15, 2022, including interim periods within those fiscal periods. Early adoption is permitted as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is a smaller reporting company as defined by the SEC, and currently does not intend to early adopt CECL. Once adopted, the Company expects its allowance for loan losses to increase through a one-time adjustment to retained earnings; however, until its evaluation is complete, the magnitude of the increase will be unknown. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes ​ The Company has determined that all other recently issued accounting pronouncements will not have a material impact on the Company’s consolidated financial statements or do not apply to its operations.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events
Subsequent Events	11. Subsequent Events On August 3, 2021, pursuant to authorization by its Board of Directors, the Company repurchased 138,518 shares of its common stock at a purchase price of $18.00 per share in a private transaction. The repurchase is in addition to the previously announced stock repurchase program entered into on August 31, 2020, which remains in effect. The Company remains well-capitalized under the applicable regulatory capital guidelines. ​

Presentation of Interim Infor_2

Presentation of Interim Information (Policies)	6 Months Ended
	Jun. 30, 2021
Presentation of Interim Information
Presentation of Interim Information	Mid-Southern Bancorp, Inc., (the "Company") was incorporated in January 2018 and became the holding company for Mid-Southern Savings Bank, FSB (the "Bank"), on July 11, 2018, upon the completion of the Bank’s conversion from the mutual holding company ownership structure and the Company’s related public stock offering. Please see Note 2 – Conversion and Stock Issuance for more information. The accompanying unaudited consolidated financial statements and notes have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. Generally Accepted Accounting Principles ("GAAP") for complete financial statements. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K filed with the SEC on March 26, 2021 ("2020 Form 10-K"). In the opinion of management, the unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the unaudited interim consolidated financial statements in accordance with GAAP. All of these adjustments are of a normal, recurring nature. Such adjustments are the only adjustments included in the unaudited consolidated financial statements. Interim results are not necessarily indicative of results for a full year or any other period. The unaudited consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform with the current period presentation. The reclassifications had no effect on net income or stockholders’ equity. In preparing the unaudited consolidated financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the allowance for loan losses, the valuation of foreclosed real estate and the underlying collateral of impaired loans, deferred tax assets, and the fair value of financial instruments. On April 5, 2012, the Jumpstart Our Business Startups Act ("JOBS Act") was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an "emerging growth company" we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our condensed consolidated financial statements may not be comparable to companies that comply with such new or revised accounting standards.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2021
Recent Accounting Pronouncements
Recent Accounting Pronouncements	The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In February 2016, FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. A lessee should include payments to be made in an optional period only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. For a finance lease, interest payments should be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income. For operating leases, the lease cost should be allocated over the lease term on a generally straight-line basis. For public entities the amendments in the ASU became effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For nonpublic entities, the original effective date of the guidance was for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. In November 2019, the FASB issued ASU 2019-10 which delayed the effective date of ASU 2016-02 for nonpublic entities until fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early application of the amendments in the ASU is permitted. In June 2020, the FASB issued ASU 2020-05 which delayed the effective date of ASU 2016-02 for nonpublic entities until fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Early application of the amendments in the ASU continues to be permitted. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842), Targeted Improvements Leases (Topic 842), Codification Improvements Leases (Topic 842) Fair Value Measurements and Disclosures (Topic 820) In addition, this ASU amended the new leases standard to clarify the presentation on the statement of cash flows principal payments received under leases for depository and lending institutions for Sales-Type and Direct Financing Leases. Specifically for these entities and leases, all principal payments received under leases will be presented within investing activities on the statement of cash flows. Finally, this ASU amended the new leases standard to explicitly provide an exception to paragraph 250-10-50-3 interim disclosure requirements for an entity electing the transition method of implementation. The amendments have the same effective date as ASU 2016-02. The effect of the adoption of these ASUs will depend on leases at the time of adoption. Once adopted, the Company expects to report higher assets and liabilities as a result of including right-of-use assets and lease liabilities related to certain banking offices under noncancelable operating lease agreements; however, based on current leases, the adoption is expected to increase our consolidated balance sheets by less than 5.0% and not to have a material impact on our regulatory capital ratios. The FASB originally issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) credit losses with an option to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. In November 2019, the FASB issued ASU No. 2019-10 which delayed the effective date of ASU 2016-13 for smaller reporting companies, as defined by the Securities and Exchange Commission (“SEC”) and other non-SEC reporting entities to fiscal years beginning after December 15, 2022, including interim periods within those fiscal periods. Early adoption is permitted as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is a smaller reporting company as defined by the SEC, and currently does not intend to early adopt CECL. Once adopted, the Company expects its allowance for loan losses to increase through a one-time adjustment to retained earnings; however, until its evaluation is complete, the magnitude of the increase will be unknown. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes ​ The Company has determined that all other recently issued accounting pronouncements will not have a material impact on the Company’s consolidated financial statements or do not apply to its operations.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2021
Investment Securities
Schedule of fair values of debt securities available-for-sale or held-to-maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ (In thousands) ​ Amortized ​ Unrealized ​ Unrealized ​ Fair June 30, 2021 Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ Agency MBS ​ $ 13,204 ​ $ 87 ​ $ 82 ​ $ 13,209 Agency CMO ​ 27,150 ​ ​ 155 ​ ​ 248 ​ ​ 27,057 ​ ​ 40,354 ​ ​ 242 ​ ​ 330 ​ ​ 40,266 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal obligations ​ 67,867 ​ ​ 3,607 ​ ​ 15 ​ ​ 71,459 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 108,221 ​ $ 3,849 ​ $ 345 ​ $ 111,725 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 25 ​ $ — ​ $ — ​ $ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities held to maturity ​ $ 25 ​ $ — ​ $ — ​ $ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 10,094 ​ $ 146 ​ $ — ​ $ 10,240 Agency CMO ​ 27,588 ​ ​ 207 ​ ​ 24 ​ ​ 27,771 ​ ​ 37,682 ​ ​ 353 ​ ​ 24 ​ ​ 38,011 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal obligations ​ 62,497 ​ ​ 3,954 ​ ​ 6 ​ ​ 66,445 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 100,179 ​ $ 4,307 ​ $ 30 ​ $ 104,456 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 31 ​ $ — ​ $ — ​ $ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities held to maturity ​ $ 31 ​ $ — ​ $ — ​ $ 31
Schedule of maturities of debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ Amortized Fair Amortized Fair (In thousands) ​ Cost ​ Value ​ Cost ​ Value Due in one year or less ​ $ 200 ​ $ 203 ​ $ — ​ $ — Due after one year through five years ​ 4,555 ​ ​ 4,717 ​ ​ — ​ ​ — Due after five years through ten years ​ 6,386 ​ ​ 6,842 ​ ​ — ​ ​ — Due after ten years ​ 56,726 ​ ​ 59,697 ​ ​ — ​ ​ — ​ ​ 67,867 ​ ​ 71,459 ​ ​ — ​ ​ — MBS and CMO ​ 40,354 ​ ​ 40,266 ​ ​ 25 ​ ​ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 108,221 ​ $ 111,725 ​ $ 25 ​ $ 25
Schedule of fair value and related unrealized losses of temporarily impaired investment securities, aggregated by investment category	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Gross (Dollars in thousands) ​ Investment ​ Fair ​ Unrealized June 30, 2021 ​ Positions ​ Value ​ Losses Securities available for sale: ​ ​ Continuous loss position less than 12 months: ​ ​ Agency MBS 3 $ 5,732 $ 82 Agency CMO ​ 10 ​ ​ 15,256 ​ ​ 248 Municipal obligations ​ 4 ​ ​ 2,210 ​ ​ 15 Total less than 12 months ​ 17 ​ ​ 23,198 ​ ​ 345 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale 17 ​ $ 23,198 ​ $ 345 ​ Information pertaining to investment securities available for sale with gross unrealized losses at December 31, 2020, aggregated by investment category and the length of time that individual investment securities have been in a continuous loss position, follows. At December 31, 2020, the Company did not have any securities in a continuous loss position for more than 12 months. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ Gross (Dollars in thousands) ​ Investment ​ Fair ​ Unrealized December 31, 2020 Positions Value Losses Securities available for sale: ​ ​ Continuous loss position less than 12 months: ​ ​ Agency CMO ​ 9 ​ $ 16,223 ​ $ 24 Municipal obligations 2 ​ ​ 1,494 ​ ​ 6 Total less than 12 months ​ 11 ​ ​ 17,717 ​ ​ 30 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale 11 ​ $ 17,717 ​ $ 30

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2021
Loans and Allowance for Loan Losses
Schedule of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, (In thousands) ​ 2021 ​ 2020 Real estate mortgage loans: ​ ​ One-to-four family residential ​ $ 63,710 ​ $ 66,130 Multi-family residential ​ 8,458 ​ 8,964 Residential construction ​ ​ 1,144 ​ ​ 2,083 Commercial real estate ​ 28,110 ​ 30,171 Commercial real estate construction ​ 1,983 ​ 851 Commercial business loans ​ 7,554 ​ 5,212 Consumer loans ​ 1,640 ​ 1,442 Total loans ​ 112,599 ​ 114,853 ​ ​ ​ ​ ​ ​ ​ Deferred loan origination fees and costs, net ​ (84) ​ (5) Allowance for loan losses ​ (1,612) ​ (1,589) ​ ​ ​ ​ ​ ​ ​ Loans, net ​ $ 110,903 ​ $ 113,259
Schedule of components of Company's recorded investment in loans	The following table provides the components of the Company’s recorded investment in loans at June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Recorded Investment in Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal loan balance ​ $ 63,710 ​ $ 8,458 ​ $ 3,127 ​ $ 28,110 ​ $ 7,554 ​ $ 1,640 ​ $ 112,599 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued interest receivable ​ 180 ​ 18 ​ ​ 9 ​ ​ 65 ​ ​ 18 ​ ​ 4 ​ ​ 294 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred loan fees/costs ​ 6 ​ (17) ​ ​ (9) ​ ​ (42) ​ ​ (58) ​ ​ 36 ​ ​ (84) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment in loans ​ $ 63,896 ​ $ 8,459 ​ $ 3,127 ​ $ 28,133 ​ $ 7,514 ​ $ 1,680 ​ $ 112,809 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans as Evaluated for Impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,137 ​ $ — ​ $ — ​ $ 252 ​ $ 348 ​ $ — ​ $ 1,737 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 62,759 ​ 8,459 ​ ​ 3,127 ​ ​ 27,881 ​ ​ 7,166 ​ ​ 1,680 ​ ​ 111,072 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 63,896 ​ $ 8,459 ​ $ 3,127 ​ $ 28,133 ​ $ 7,514 ​ $ 1,680 ​ $ 112,809 ​ The following table provides the components of the Company’s recorded investment in loans at December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Recorded Investment in Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal loan balance ​ $ 66,130 ​ $ 8,964 ​ $ 2,934 ​ $ 30,171 ​ $ 5,212 ​ $ 1,442 ​ $ 114,853 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued interest receivable ​ 183 ​ 13 ​ 7 ​ 92 ​ 14 ​ 5 ​ 314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred loan fees/costs ​ 7 ​ (6) ​ (12) ​ (40) ​ 11 ​ 35 ​ (5) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment in loans ​ $ 66,320 ​ $ 8,971 ​ $ 2,929 ​ $ 30,223 ​ $ 5,237 ​ $ 1,482 ​ $ 115,162 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans as Evaluated for Impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,489 ​ $ — ​ $ — ​ $ 281 ​ $ 382 ​ $ — ​ $ 2,152 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 64,831 ​ 8,971 ​ 2,929 ​ 29,942 ​ 4,855 ​ 1,482 ​ 113,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 66,320 ​ $ 8,971 ​ $ 2,929 ​ $ 30,223 ​ $ 5,237 ​ $ 1,482 ​ $ 115,162
Schedule of analysis of allowance for loan losses	An analysis of the allowance for loan losses as of June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Ending allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 21 ​ $ — ​ $ — ​ $ 7 ​ $ 22 ​ $ — ​ $ 50 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 978 ​ 103 ​ 32 ​ 305 ​ 115 ​ 29 ​ 1,562 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 999 ​ $ 103 ​ $ 32 ​ $ 312 ​ $ 137 ​ $ 29 ​ $ 1,612 ​ An analysis of the allowance for loan losses as of December 31, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Ending allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 21 ​ $ — ​ $ — ​ $ 8 ​ $ 26 ​ $ — ​ $ 55 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 971 ​ 98 ​ 55 ​ 298 ​ 87 ​ 25 ​ 1,534 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 992 ​ $ 98 ​ $ 55 ​ $ 306 ​ $ 113 ​ $ 25 ​ $ 1,589 ​ An analysis of the changes in the allowance for loan losses for the three months ended June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 997 ​ $ 84 ​ $ 38 ​ $ 309 ​ $ 137 ​ $ 25 ​ $ 1,590 Provisions ​ — ​ ​ 19 ​ ​ (6) ​ ​ 3 ​ ​ (21) ​ ​ 5 ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (2) ​ ​ (2) Recoveries ​ 2 ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 1 ​ ​ 24 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 999 ​ $ 103 ​ $ 32 ​ $ 312 ​ $ 137 ​ $ 29 ​ $ 1,612 ​ An analysis of the changes in the allowance for loan losses for the six months ended June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 992 ​ $ 98 ​ $ 55 ​ $ 306 ​ $ 113 ​ $ 25 ​ $ 1,589 Provisions ​ 3 ​ ​ 5 ​ ​ (23) ​ ​ 6 ​ ​ 3 ​ ​ 6 ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (6) ​ ​ (6) Recoveries ​ 4 ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 4 ​ ​ 29 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 999 ​ $ 103 ​ $ 32 ​ $ 312 ​ $ 137 ​ $ 29 ​ $ 1,612 ​ An analysis of the changes in the allowance for loan losses for the three months ended June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 968 ​ $ 92 ​ $ 40 ​ $ 312 ​ $ 105 ​ $ 24 ​ $ 1,541 Provisions ​ 15 ​ ​ 2 ​ ​ 10 ​ ​ 8 ​ ​ (22) ​ ​ 2 ​ ​ 15 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (4) ​ ​ (4) Recoveries ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 984 ​ $ 94 ​ $ 50 ​ $ 320 ​ $ 83 ​ $ 25 ​ $ 1,556 ​ An analysis of the changes in the allowance for loan losses for the six months ended June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-Four ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Family ​ Multi-Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 955 ​ $ 83 ​ $ 44 ​ $ 289 ​ $ 102 ​ $ 25 ​ $ 1,498 Provisions ​ 39 ​ 11 ​ 6 ​ 31 ​ (19) ​ 4 ​ 72 Charge-offs ​ (12) ​ — ​ — ​ — ​ — ​ (10) ​ (22) Recoveries ​ 2 ​ — ​ — ​ — ​ — ​ 6 ​ 8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 984 ​ $ 94 ​ $ 50 ​ $ 320 ​ $ 83 ​ $ 25 ​ $ 1,556 ​
Schedule of impaired loans	​ The following table summarizes the Company’s impaired loans as of June 30, 2021 and for the three and six months ended June 30, 2021. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three- and six-month periods ended June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ At June 30, 2021 ​ June 30, 2021 ​ June 30, 2021 ​ ​ Unpaid ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Income ​ Recorded ​ Income ​ Investment Balance Allowance Investment Recognized Investment Recognized ​ ​ (In thousands) Loans with no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 916 ​ $ 1,024 ​ $ — ​ $ 959 ​ $ — ​ $ 1,061 ​ $ 1 Commercial real estate ​ 74 ​ ​ 83 ​ ​ — ​ ​ 83 ​ ​ 1 ​ ​ 87 ​ ​ 2 Commercial business ​ — ​ ​ — ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 12 ​ ​ — ​ ​ $ 990 ​ $ 1,107 ​ $ — ​ $ 1,046 ​ $ 1 ​ $ 1,160 ​ $ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 221 ​ $ 220 ​ $ 21 ​ $ 235 ​ $ 2 ​ $ 231 ​ $ 5 Commercial real estate ​ 178 ​ ​ 185 ​ ​ 7 ​ ​ 180 ​ ​ 2 ​ ​ 182 ​ ​ 3 Commercial business ​ 348 ​ ​ 355 ​ ​ 22 ​ ​ 352 ​ ​ 5 ​ ​ 357 ​ ​ 10 ​ ​ $ 747 ​ $ 760 ​ $ 50 ​ $ 767 ​ $ 9 ​ $ 770 ​ $ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,137 ​ $ 1,244 ​ $ 21 ​ $ 1,194 ​ $ 2 ​ $ 1,292 ​ $ 6 Commercial real estate ​ 252 ​ ​ 268 ​ ​ 7 ​ ​ 263 ​ ​ 3 ​ ​ 269 ​ ​ 5 Commercial business ​ 348 ​ ​ 355 ​ ​ 22 ​ ​ 356 ​ ​ 5 ​ ​ 369 ​ ​ 10 ​ ​ $ 1,737 ​ $ 1,867 ​ $ 50 ​ $ 1,813 ​ $ 10 ​ $ 1,930 ​ $ 21 ​ The following table summarizes the Company’s impaired loans for the three- and six-month periods ended June 30, 2020. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three- and six-month periods ended June 30, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, 2020 ​ June 30, 2020 ​ Average Interest Average Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized ​ ​ (In thousands) Loans with no related allowance recorded: ​ ​ ​ ​ One-to-four family residential ​ $ 1,168 ​ $ 1 ​ $ 1,169 ​ $ 3 Commercial real estate ​ 270 ​ ​ — ​ 259 ​ ​ — Commercial business ​ 28 ​ ​ 1 ​ 29 ​ ​ 1 ​ ​ $ 1,466 ​ $ 2 ​ $ 1,457 ​ $ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 256 ​ $ 3 ​ $ 257 ​ $ 3 Commercial real estate ​ 340 ​ ​ 3 ​ 348 ​ ​ 8 Commercial business ​ 378 ​ ​ 5 ​ 379 ​ ​ 10 ​ ​ $ 974 ​ $ 11 ​ $ 984 ​ $ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,424 ​ $ 4 ​ $ 1,426 ​ $ 6 Commercial real estate ​ 610 ​ ​ 3 ​ 607 ​ ​ 8 Commercial business ​ 406 ​ ​ 6 ​ 408 ​ ​ 11 ​ ​ $ 2,440 ​ $ 13 ​ $ 2,441 ​ $ 25 ​ The following table summarizes the Company’s impaired loans as of December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Investment Balance Allowance ​ ​ (In thousands) Loans with no related allowance recorded: ​ ​ ​ One-to-four family residential ​ $ 1,265 ​ $ 1,380 ​ $ — Commercial real estate ​ 96 ​ 88 ​ — Commercial business ​ 15 ​ 16 ​ — ​ ​ $ 1,376 ​ $ 1,484 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ One-to-four family residential ​ $ 224 ​ $ 223 ​ $ 21 Commercial real estate ​ 185 ​ 195 ​ 8 Commercial business ​ 367 ​ 381 ​ 26 ​ ​ $ 776 ​ $ 799 ​ $ 55 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,489 ​ $ 1,603 ​ $ 21 Commercial real estate ​ 281 ​ 283 ​ 8 Commercial business ​ 382 ​ 397 ​ 26 ​ ​ $ 2,152 ​ $ 2,283 ​ $ 55 ​
Schedule of recorded investment in nonperforming loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2021 ​ At December 31, 2020 ​ ​ ​ ​ ​ Loans 90+ ​ ​ ​ ​ ​ ​ ​ Loans 90+ ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Total ​ ​ ​ ​ Days ​ Total ​ ​ Nonaccrual ​ Past Due ​ Nonperforming ​ Nonaccrual ​ Past Due ​ Nonperforming ​ Loans Still Accruing Loans Loans Still Accruing Loans ​ (In thousands) One-to-four family residential ​ $ 882 ​ $ — $ 882 $ 1,160 $ — $ 1,160 Commercial real estate ​ 30 ​ — ​ 30 ​ 96 ​ — ​ 96 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 912 ​ $ — ​ $ 912 ​ $ 1,256 ​ $ — ​ $ 1,256
Schedule of aging of the recorded investment in past due loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Over ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 Days ​ 60 ‑ 89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total ​ Past Due Past Due Past Due Past Due Current Loans ​ ​ (In thousands) June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 902 ​ $ 192 ​ $ 79 ​ $ 1,173 ​ $ 62,723 ​ $ 63,896 Multi-family residential ​ — ​ — ​ — ​ — ​ 8,459 ​ 8,459 Construction ​ — ​ — ​ — ​ — ​ 3,127 ​ 3,127 Commercial real estate ​ 58 ​ — ​ — ​ 58 ​ 28,075 ​ 28,133 Commercial business ​ — ​ — ​ — ​ — ​ 7,514 ​ 7,514 Consumer ​ 2 ​ — ​ — ​ 2 ​ 1,678 ​ 1,680 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 962 ​ $ 192 ​ $ 79 ​ $ 1,233 ​ $ 111,576 ​ $ 112,809 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,097 ​ $ 560 ​ $ 75 ​ $ 1,732 ​ $ 64,588 ​ $ 66,320 Multi-family residential ​ — ​ — ​ — ​ — ​ 8,971 ​ 8,971 Construction ​ — ​ — ​ — ​ — ​ 2,929 ​ 2,929 Commercial real estate ​ 27 ​ — ​ — ​ 27 ​ 30,196 ​ 30,223 Commercial business ​ — ​ — ​ — ​ — ​ 5,237 ​ 5,237 Consumer ​ 11 ​ — ​ — ​ 11 ​ 1,471 ​ 1,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 1,135 ​ $ 560 ​ $ 75 ​ $ 1,770 ​ $ 113,392 ​ $ 115,162
Schedule of risk category of loans by recorded investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to- Multi- ​ ​ ​ ​ ​ ​ ​ ​ ​ Four Family ​ Family ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Residential ​ Construction ​ Real Estate ​ Business ​ Consumer ​ Total ​ ​ (In thousands) June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 62,954 ​ $ 8,459 ​ $ 3,127 ​ $ 28,086 ​ $ 7,514 ​ $ 1,680 ​ $ 111,820 Special mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 942 ​ — ​ — ​ 47 ​ — ​ — ​ 989 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 63,896 ​ $ 8,459 ​ $ 3,127 ​ $ 28,133 ​ $ 7,514 ​ $ 1,680 ​ $ 112,809 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 64,992 ​ $ 7,503 ​ $ 2,929 ​ $ 30,105 ​ $ 5,237 ​ $ 1,482 ​ $ 112,248 Special mention ​ — ​ 1,468 ​ — ​ — ​ — ​ — ​ 1,468 Substandard ​ 1,328 ​ — ​ — ​ 118 ​ — ​ — ​ 1,446 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 66,320 ​ $ 8,971 ​ $ 2,929 ​ $ 30,223 ​ $ 5,237 ​ $ 1,482 ​ $ 115,162
Schedule of TDRs by accrual status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ Related ​ ​ ​ ​ ​ ​ Related ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ Accruing ​ Nonaccrual ​ Total ​ Loan Losses ​ Accruing ​ Nonaccrual ​ Total ​ Loan Losses ​ ​ (In thousands) One-to-four family residential ​ $ 255 ​ $ 175 ​ $ 430 ​ $ 21 ​ $ 329 ​ $ 226 ​ $ 555 ​ $ 21 Commercial real estate ​ 222 ​ — ​ 222 ​ 7 ​ 185 ​ 50 ​ 235 ​ 8 Commercial business ​ 348 ​ — ​ 348 ​ 22 ​ 382 ​ — ​ 382 ​ 26 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 825 ​ $ 175 ​ $ 1,000 ​ $ 50 ​ $ 896 ​ $ 276 ​ $ 1,172 ​ $ 55
Schedule of troubled debt restructurings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 ​ Six Months Ended June 30, 2020 ​ Pre-Modification Post-Modification Pre-Modification Post-Modification ​ ​ Number of ​ Outstanding ​ Outstanding ​ Number of ​ Outstanding ​ Outstanding ​ ​ Contracts ​ Balance ​ Balance ​ Contracts ​ Balance ​ Balance ​ ​ (In thousands) One-to-four family residential 3 ​ $ 149 ​ $ 149 3 ​ $ 149 ​ $ 149 Commercial real estate 1 ​ ​ 51 ​ ​ 51 1 ​ ​ 51 ​ ​ 51 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total 4 ​ $ 200 ​ $ 200 4 ​ $ 200 ​ $ 200

Supplemental Disclosure for E_2

Supplemental Disclosure for Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Supplemental Disclosure for Earnings Per Share
Schedule of supplemental disclosure for earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ June 30, June 30, ​ 2021 2020 2021 2020 ​ ​ (Dollars in thousands, except per share data) Basic ​ ​ ​ ​ Earnings: ​ ​ ​ ​ Net income ​ $ 397 ​ $ 342 ​ $ 775 ​ $ 727 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares: ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ 2,967,050 ​ 3,262,240 ​ 2,966,416 ​ 3,303,847 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per common share, basic ​ $ 0.13 ​ $ 0.10 ​ $ 0.26 ​ $ 0.22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ Earnings: ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 397 ​ $ 342 ​ $ 775 ​ $ 727 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ 2,967,050 ​ 3,262,240 ​ 2,966,416 ​ 3,303,847 Add: Dilutive effect of stock options ​ 3,582 ​ 1,105 ​ 3,501 ​ 1,137 Add: Dilutive effect of restricted stock ​ 5,506 ​ 233 ​ 4,731 ​ 81 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding, as adjusted ​ 2,976,138 ​ 3,263,578 ​ 2,974,648 ​ 3,305,065 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per common share, Diluted ​ $ 0.13 ​ $ 0.10 ​ $ 0.26 ​ $ 0.22

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2021
Stock-based Compensation Plans
Schedule of stock option activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Number ​ Weighted ​ Remaining ​ Aggregate ​ ​ of ​ Average Exercise ​ Contractual ​ Intrinsic ​ Shares Price Term Value Outstanding at beginning of year 93,254 $ 13.18 ​ ​ ​ ​ ​ Granted — ​ ​ — ​ ​ ​ ​ ​ Exercised (1,170) ​ ​ 5.11 ​ ​ ​ ​ ​ Forfeited or expired — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at end of period 92,084 $ 13.29 8.4 $ 241,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and expected to vest 92,084 $ 13.29 8.4 $ 241,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of period 43,348 $ 13.23 8.4 $ 116,000 ​
Schedule of nonvested restricted shares activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number ​ Average ​ ​ of ​ Grant-Date ​ Shares Fair Value Nonvested at beginning of year 30,142 $ 14.00 Granted — ​ ​ — Vested (1,000) ​ ​ 14.74 Forfeited (200) ​ ​ 14.74 ​ ​ ​ ​ ​ ​ Nonvested at end of period 28,942 $ 13.97

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Measurements
Schedule of assets measured at fair value on a recurring and nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Value ​ Level 1 Level 2 Level 3 Total ​ ​ (In thousands) June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Agency MBS ​ $ — ​ $ 13,209 ​ $ — ​ $ 13,209 Agency CMO ​ — ​ 27,057 ​ — ​ 27,057 Municipal obligations ​ — ​ 71,459 ​ — ​ 71,459 Total securities available for sale ​ $ — ​ $ 111,725 ​ $ — ​ $ 111,725 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Nonrecurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ — ​ $ — ​ $ 1,116 ​ $ 1,116 Commercial real estate ​ — ​ — ​ 245 ​ 245 Commercial business ​ ​ — ​ ​ — ​ ​ 326 ​ ​ 326 Total impaired loans ​ $ — ​ $ — ​ $ 1,687 ​ $ 1,687 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate held for sale ​ $ — ​ $ — ​ $ 99 ​ $ 99 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Agency MBS ​ $ — ​ $ 10,240 ​ $ — ​ $ 10,240 Agency CMO ​ — ​ 27,771 ​ — ​ 27,771 Municipal obligations ​ — ​ 66,445 ​ — ​ 66,445 Total securities available for sale ​ $ — ​ $ 104,456 ​ $ — ​ $ 104,456 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Nonrecurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ — ​ $ — ​ $ 1,468 ​ $ 1,468 Commercial real estate ​ — ​ — ​ 273 ​ 273 Commercial business ​ — ​ — ​ 356 ​ 356 Total impaired loans ​ $ — ​ $ — ​ $ 2,097 ​ $ 2,097 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate held for sale ​ $ — ​ $ — ​ $ 99 ​ $ 99
Schedule of estimated fair values of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using ​ Value Level 1 Level 2 Level 3 ​ ​ (In thousands) June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ Cash and cash equivalents ​ $ 18,526 ​ $ 18,526 ​ $ — ​ $ — Securities available for sale ​ 111,725 ​ — ​ 111,725 ​ — Securities held to maturity ​ 25 ​ — ​ 25 ​ — Loans, net ​ 110,903 ​ — ​ — ​ 112,201 FHLB stock ​ 778 ​ N/A ​ N/A ​ N/A Accrued interest receivable ​ 1,001 ​ — ​ 1,001 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ ​ 189,065 ​ ​ — ​ ​ — ​ ​ 189,259 Advance from FHLB ​ ​ 10,000 ​ ​ — ​ ​ 10,321 ​ ​ — Accrued interest payable ​ ​ 11 ​ ​ — ​ ​ 11 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 9,661 ​ $ 9,661 ​ $ — ​ $ — Securities available for sale ​ 104,456 ​ — ​ 104,456 ​ — Securities held to maturity ​ 31 ​ — ​ 31 ​ — Loans, net ​ 113,259 ​ — ​ — ​ 117,432 FHLB stock ​ 778 ​ N/A ​ N/A ​ N/A Accrued interest receivable ​ 898 ​ — ​ 898 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 174,113 ​ — ​ — ​ 174,548 Advance from FHLB ​ ​ 11,000 ​ ​ — ​ ​ 11,450 ​ ​ — Accrued interest payable ​ ​ 10 ​ ​ — ​ ​ 10 ​ ​ —

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contracts with Customers
Summary of revenue from contracts with customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, ​ June 30, ​ 2021 ​ 2020 ​ 2021 2020 ​ ​ (In thousands) Deposit account service charges ​ $ 70 ​ $ 33 ​ $ 120 ​ $ 82 Brokered loan fees ​ ​ 83 ​ ​ 8 ​ 151 ​ ​ 15 ATM and debit card fee income ​ ​ 145 ​ ​ 111 ​ 274 ​ ​ 202 Other income ​ ​ 5 ​ ​ 8 ​ 10 ​ ​ 15 Revenue from contracts with customers ​ ​ 303 ​ ​ 160 ​ 555 ​ ​ 314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net gains on investments ​ ​ — ​ ​ 104 ​ ​ — ​ ​ 104 Increase in cash surrender value of life insurance ​ ​ 15 ​ ​ 17 ​ 31 ​ ​ 34 Other income ​ ​ 7 ​ ​ 2 ​ 13 ​ ​ 3 Other noninterest income ​ ​ 22 ​ ​ 123 ​ 44 ​ ​ 141 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total noninterest income ​ $ 325 ​ $ 283 ​ $ 599 ​ $ 455

Conversion and Stock Issuance -

Conversion and Stock Issuance - Additional Information (Details) - Conversion $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Conversion And Stock Issuance [Line Items]
Plan of conversion from mutual to stock form of ownership, number of shares issued | shares	2,559,871
Expenses related to stock offering | $	$ 1.2
Amount of net proceeds in plan of conversion | $	24.4
Contribution to Bank in plan of conversion | $	$ 10.2
Number of shares exchanged to public stockholders | shares	2.3462
Number of shares outstanding | shares	3,565,430
Employee stock ownership plan ("ESOP")
Conversion And Stock Issuance [Line Items]
Plan of conversion from mutual to stock form of ownership, number of shares issued | shares	204,789
Purchase price per share for shares issued in plan of conversion | $ / shares	$ 10
Proceeds to fund ESOP | $	$ 2

Investment Securities - Availab

Investment Securities - Available of sale (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Securities available for sale:
Amortized Cost	$ 108,221	$ 100,179
Gross Unrealized Gains	3,849	4,307
Gross Unrealized Losses	345	30
Fair Value	111,725	104,456
Agency MBS
Securities available for sale:
Amortized Cost	13,204	10,094
Gross Unrealized Gains	87	146
Gross Unrealized Losses	82
Fair Value	13,209	10,240
Agency CMO
Securities available for sale:
Amortized Cost	27,150	27,588
Gross Unrealized Gains	155	207
Gross Unrealized Losses	248	24
Fair Value	27,057	27,771
Mortgage-backed securities
Securities available for sale:
Amortized Cost	40,354	37,682
Gross Unrealized Gains	242	353
Gross Unrealized Losses	330	24
Fair Value	40,266	38,011
Municipal obligations
Securities available for sale:
Amortized Cost	67,867	62,497
Gross Unrealized Gains	3,607	3,954
Gross Unrealized Losses	15	6
Fair Value	$ 71,459	$ 66,445

Investment Securities - Held to

Investment Securities - Held to maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Securities held to maturity:
Amortized Cost	$ 25	$ 31
Fair Value	25	31
Agency MBS
Securities held to maturity:
Amortized Cost	25	31
Fair Value	$ 25	$ 31

Investment Securities - Amortiz

Investment Securities - Amortized cost and fair value of debt securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Available for Sale Amortized Cost
Due in one year or less, Amortized Cost	$ 200
Due after one year through five years, Amortized Cost	4,555
Due after five years through ten years, Amortized Cost	6,386
Due after ten years, Amortized Cost	56,726
Available for Sale, Amortized Cost	67,867
Amortized Cost	108,221	$ 100,179
Available for Sale Fair Value
Due in one year or less, Fair Value	203
Due after one year through five years, Fair Value	4,717
Due after five years through ten years, Fair Value	6,842
Due after ten years, Fair Value	59,697
Available for Sale, Fair value	71,459
Fair Value	111,725	104,456
Mortgage-backed securities
Available for Sale Amortized Cost
Amortized Cost	40,354	37,682
Available for Sale Fair Value
Fair Value	$ 40,266	$ 38,011

Investment Securities - Contrac

Investment Securities - Contractual maturity of held to maturity securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Held to Maturity, Amortized Cost
Amortized Cost	$ 25	$ 31
Held to Maturity, Fair Value
Fair Value	25	$ 31
Mortgage-backed securities
Held to Maturity, Amortized Cost
Amortized Cost	25
Held to Maturity, Fair Value
Fair Value	$ 25

Investment Securities - Investm

Investment Securities - Investment securities available for sale with gross unrealized loss (Details) $ in Thousands	Jun. 30, 2021USD ($)position	Dec. 31, 2020USD ($)position
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	17	11
Continuous loss position less than 12 months: Fair Value	$ 23,198	$ 17,717
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 345	$ 30
Continuous loss position more than 12 months: Number of Investment Positions | position	0	0
Total securities available for sale: Number of Investment Positions | position	17	11
Total securities available for sale: Fair Value	$ 23,198	$ 17,717
Total securities available for sale: Gross Unrealized Losses	$ 345	$ 30
Agency MBS
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	3
Continuous loss position less than 12 months: Fair Value	$ 5,732
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 82
Agency CMO
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	10	9
Continuous loss position less than 12 months: Fair Value	$ 15,256	$ 16,223
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 248	$ 24
Municipal obligations
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	4	2
Continuous loss position less than 12 months: Fair Value	$ 2,210	$ 1,494
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 15	$ 6

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of Available-for-sale Securities [Line Items]
Percentage of deprecation in loss position for available-for-sale debt securities from amortized cost basis	1.47%		1.47%
Realized gross gain loss	$ 0		$ 0
Municipal obligations
Schedule of Available-for-sale Securities [Line Items]
Realized gross loss		$ 7,000		$ 7,000
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Realized gross gains		$ 111,000		$ 111,000

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 112,599		$ 114,853
Deferred loan origination fees and costs, net	(84)		(5)
Allowance for loan losses	(1,612)	$ (1,590)	(1,589)	$ (1,556)	$ (1,541)	$ (1,498)
Loans, net	110,903		113,259
Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,127		2,934
Deferred loan origination fees and costs, net	(9)		(12)
Allowance for loan losses	(32)	(38)	(55)	(50)	(40)	(44)
Residential real estate | One-to-four family residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	63,710		66,130
Deferred loan origination fees and costs, net	6		7
Allowance for loan losses	(999)	(997)	(992)	(984)	(968)	(955)
Residential real estate | Multi-family residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	8,458		8,964
Deferred loan origination fees and costs, net	(17)		(6)
Allowance for loan losses	(103)	(84)	(98)	(94)	(92)	(83)
Residential real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,144		2,083
Commercial Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	28,110		30,171
Deferred loan origination fees and costs, net	(42)		(40)
Allowance for loan losses	(312)	(309)	(306)	(320)	(312)	(289)
Commercial Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,983		851
Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total loans	7,554		5,212
Deferred loan origination fees and costs, net	(58)		11
Allowance for loan losses	(137)	(137)	(113)	(83)	(105)	(102)
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,640		1,442
Deferred loan origination fees and costs, net	36		35
Allowance for loan losses	$ (29)	$ (25)	$ (25)	$ (25)	$ (24)	$ (25)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Components of Company's recorded investment in loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Recorded Investment in Loans:
Principal loan balance	$ 112,599	$ 114,853
Accrued interest receivable	294	314
Net deferred loan fees/costs	(84)	(5)
Recorded investment in loans	112,809	115,162
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	1,737	2,152
Collectively evaluated for impairment	111,072	113,010
Total Loans	112,809	115,162
Construction
Recorded Investment in Loans:
Principal loan balance	3,127	2,934
Accrued interest receivable	9	7
Net deferred loan fees/costs	(9)	(12)
Recorded investment in loans	3,127	2,929
Recorded Investment in Loans as Evaluated for Impairment:
Collectively evaluated for impairment	3,127	2,929
Total Loans	3,127	2,929
Residential real estate | One-to-four family residential
Recorded Investment in Loans:
Principal loan balance	63,710	66,130
Accrued interest receivable	180	183
Net deferred loan fees/costs	6	7
Recorded investment in loans	63,896	66,320
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	1,137	1,489
Collectively evaluated for impairment	62,759	64,831
Total Loans	63,896	66,320
Residential real estate | Multi-family residential
Recorded Investment in Loans:
Principal loan balance	8,458	8,964
Accrued interest receivable	18	13
Net deferred loan fees/costs	(17)	(6)
Recorded investment in loans	8,459	8,971
Recorded Investment in Loans as Evaluated for Impairment:
Collectively evaluated for impairment	8,459	8,971
Total Loans	8,459	8,971
Residential real estate | Construction
Recorded Investment in Loans:
Principal loan balance	1,144	2,083
Commercial Real Estate
Recorded Investment in Loans:
Principal loan balance	28,110	30,171
Accrued interest receivable	65	92
Net deferred loan fees/costs	(42)	(40)
Recorded investment in loans	28,133	30,223
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	252	281
Collectively evaluated for impairment	27,881	29,942
Total Loans	28,133	30,223
Commercial Real Estate | Construction
Recorded Investment in Loans:
Principal loan balance	1,983	851
Commercial business
Recorded Investment in Loans:
Principal loan balance	7,554	5,212
Accrued interest receivable	18	14
Net deferred loan fees/costs	(58)	11
Recorded investment in loans	7,514	5,237
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	348	382
Collectively evaluated for impairment	7,166	4,855
Total Loans	7,514	5,237
Consumer loans
Recorded Investment in Loans:
Principal loan balance	1,640	1,442
Accrued interest receivable	4	5
Net deferred loan fees/costs	36	35
Recorded investment in loans	1,680	1,482
Recorded Investment in Loans as Evaluated for Impairment:
Collectively evaluated for impairment	1,680	1,482
Total Loans	$ 1,680	$ 1,482

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Analysis of allowance for loan losses (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 50		$ 55
Collectively evaluated for impairment	1,562		1,534
Ending balance	1,612	$ 1,590	1,589	$ 1,556	$ 1,541	$ 1,498
Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment	32		55
Ending balance	32	38	55	50	40	44
Residential real estate | One-to-four family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	21		21
Collectively evaluated for impairment	978		971
Ending balance	999	997	992	984	968	955
Residential real estate | Multi-family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment	103		98
Ending balance	103	84	98	94	92	83
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	7		8
Collectively evaluated for impairment	305		298
Ending balance	312	309	306	320	312	289
Commercial business
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	22		26
Collectively evaluated for impairment	115		87
Ending balance	137	137	113	83	105	102
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment	29		25
Ending balance	$ 29	$ 25	$ 25	$ 25	$ 24	$ 25

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Analysis of the changes in the allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Allowance for Loan Losses:
Beginning balance	$ 1,590	$ 1,541	$ 1,589	$ 1,498
Provisions		15		72
Charge-offs	(2)	(4)	(6)	(22)
Recoveries	24	4	29	8
Ending balance	1,612	1,556	1,612	1,556
Construction
Allowance for Loan Losses:
Beginning balance	38	40	55	44
Provisions	(6)	10	(23)	6
Ending balance	32	50	32	50
Residential real estate | One-to-four family residential
Allowance for Loan Losses:
Beginning balance	997	968	992	955
Provisions		15	3	39
Charge-offs				(12)
Recoveries	2	1	4	2
Ending balance	999	984	999	984
Residential real estate | Multi-family residential
Allowance for Loan Losses:
Beginning balance	84	92	98	83
Provisions	19	2	5	11
Ending balance	103	94	103	94
Commercial Real Estate
Allowance for Loan Losses:
Beginning balance	309	312	306	289
Provisions	3	8	6	31
Ending balance	312	320	312	320
Commercial business
Allowance for Loan Losses:
Beginning balance	137	105	113	102
Provisions	(21)	(22)	3	(19)
Recoveries	21		21
Ending balance	137	83	137	83
Consumer loans
Allowance for Loan Losses:
Beginning balance	25	24	25	25
Provisions	5	2	6	4
Charge-offs	(2)	(4)	(6)	(10)
Recoveries	1	3	4	6
Ending balance	$ 29	$ 25	$ 29	$ 25

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Impaired loans using the cash receipts method of accounting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Loans with no related allowance recorded:
Recorded Investment	$ 990		$ 990		$ 1,376
Unpaid Principal Balance	1,107		1,107		1,484
Average Recorded Investment	1,046	$ 1,466	1,160	$ 1,457
Interest Income Recognized	1	2	3	4
Loans with an allowance recorded:
Recorded Investment	747		747		776
Unpaid Principal Balance	760		760		799
Related Allowance	50		50		55
Average Recorded Investment	767	974	770	984
Interest Income Recognized	9	11	18	21
Total Recorded Investment	1,737		1,737		2,152
Total Unpaid Principal Balance	1,867		1,867		2,283
Total Related Allowance	50		50		55
Total Average Recorded Investment	1,813	2,440	1,930	2,441
Total Interest Income Recognized	10	13	21	25
Residential real estate | One-to-four family residential
Loans with no related allowance recorded:
Recorded Investment	916		916		1,265
Unpaid Principal Balance	1,024		1,024		1,380
Average Recorded Investment	959	1,168	1,061	1,169
Interest Income Recognized		1	1	3
Loans with an allowance recorded:
Recorded Investment	221		221		224
Unpaid Principal Balance	220		220		223
Related Allowance	21		21		21
Average Recorded Investment	235	256	231	257
Interest Income Recognized	2	3	5	3
Total Recorded Investment	1,137		1,137		1,489
Total Unpaid Principal Balance	1,244		1,244		1,603
Total Related Allowance	21		21		21
Total Average Recorded Investment	1,194	1,424	1,292	1,426
Total Interest Income Recognized	2	4	6	6
Commercial Real Estate
Loans with no related allowance recorded:
Recorded Investment	74		74		96
Unpaid Principal Balance	83		83		88
Average Recorded Investment	83	270	87	259
Interest Income Recognized	1		2
Loans with an allowance recorded:
Recorded Investment	178		178		185
Unpaid Principal Balance	185		185		195
Related Allowance	7		7		8
Average Recorded Investment	180	340	182	348
Interest Income Recognized	2	3	3	8
Total Recorded Investment	252		252		281
Total Unpaid Principal Balance	268		268		283
Total Related Allowance	7		7		8
Total Average Recorded Investment	263	610	269	607
Total Interest Income Recognized	3	3	5	8
Commercial business
Loans with no related allowance recorded:
Recorded Investment					15
Unpaid Principal Balance					16
Average Recorded Investment	4	28	12	29
Interest Income Recognized		1		1
Loans with an allowance recorded:
Recorded Investment	348		348		367
Unpaid Principal Balance	355		355		381
Related Allowance	22		22		26
Average Recorded Investment	352	378	357	379
Interest Income Recognized	5	5	10	10
Total Recorded Investment	348		348		382
Total Unpaid Principal Balance	355		355		397
Total Related Allowance	22		22		$ 26
Total Average Recorded Investment	356	406	369	408
Total Interest Income Recognized	$ 5	$ 6	$ 10	$ 11

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Nonperforming loans of nonaccrual loans and loans over 90 days past due recorded investment (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	$ 912	$ 1,256
Total Nonperforming Loans	912	1,256
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	882	1,160
Total Nonperforming Loans	882	1,160
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	30	96
Total Nonperforming Loans	$ 30	$ 96

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Aging of recorded investment in loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 1,233	$ 1,770
Current	111,576	113,392
Total Loans	112,809	115,162
30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	962	1,135
60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	192	560
Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	79	75
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	3,127	2,929
Total Loans	3,127	2,929
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,173	1,732
Current	62,723	64,588
Total Loans	63,896	66,320
Residential real estate | One-to-four family residential | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	902	1,097
Residential real estate | One-to-four family residential | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	192	560
Residential real estate | One-to-four family residential | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	79	75
Residential real estate | Multi-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	8,459	8,971
Total Loans	8,459	8,971
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	58	27
Current	28,075	30,196
Total Loans	28,133	30,223
Commercial Real Estate | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	58	27
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	7,514	5,237
Total Loans	7,514	5,237
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2	11
Current	1,678	1,471
Total Loans	1,680	1,482
Consumer loans | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 2	$ 11

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Recorded investment in loans by risk category (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 112,809	$ 115,162
Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	111,820	112,248
Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans		1,468
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	989	1,446
Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,127	2,929
Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,127	2,929
Residential real estate | One-to-four family residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	63,896	66,320
Residential real estate | One-to-four family residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	62,954	64,992
Residential real estate | One-to-four family residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	942	1,328
Residential real estate | Multi-family residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	8,459	8,971
Residential real estate | Multi-family residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	8,459	7,503
Residential real estate | Multi-family residential | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans		1,468
Commercial Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	28,133	30,223
Commercial Real Estate | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	28,086	30,105
Commercial Real Estate | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	47	118
Commercial business
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	7,514	5,237
Commercial business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	7,514	5,237
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,680	1,482
Consumer loans | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 1,680	$ 1,482

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Troubled Debt Restructuring by accrual status (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	$ 825	$ 896
Nonaccrual	175	276
Total	1,000	1,172
Related Allowance for Loan Losses	50	55
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	255	329
Nonaccrual	175	226
Total	430	555
Related Allowance for Loan Losses	21	21
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	222	185
Nonaccrual		50
Total	222	235
Related Allowance for Loan Losses	7	8
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	348	382
Total	348	382
Related Allowance for Loan Losses	$ 22	$ 26

Loans and Allowance for Loan_12

Loans and Allowance for Loan Losses - Troubled Debt Restructuring that were restructured (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)contract	Jun. 30, 2020USD ($)contract	Dec. 31, 2020loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts	4	4	89
Pre-Modification Outstanding Balance	$ 200	$ 200
Post-Modification Outstanding Balance	$ 200	$ 200
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	3	3
Pre-Modification Outstanding Balance	$ 149	$ 149
Post-Modification Outstanding Balance	$ 149	$ 149
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	1	1
Pre-Modification Outstanding Balance	$ 51	$ 51
Post-Modification Outstanding Balance	$ 51	$ 51

Loans and Allowance for Loan_13

Loans and Allowance for Loan Losses - Additional Information (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)contract	Jun. 30, 2020USD ($)contract	Jun. 30, 2021USD ($)contract	Jun. 30, 2020USD ($)contract	Dec. 31, 2020USD ($)loan
Loans and Allowance for Loan Losses
Appraisals or valuations obtained above threshold amount	$ 100,000		$ 100,000
Number of loans modified		4		4	89
Outstanding principal	0		0		$ 18,600,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	0	$ 0	0	$ 0
Financing Receivable, Troubled Debt Restructuring, Modified Allowance for Credit Loss	$ 0	$ 0	$ 0	$ 0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract	0	0	0	0
Foreclosure in process	$ 36,000		$ 36,000		36,000
Commitments to lend additional funds to debtors	$ 0		$ 0		$ 0

Supplemental Disclosure for E_3

Supplemental Disclosure for Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings:
Net income	$ 397	$ 378	$ 342	$ 385	$ 775	$ 727
Shares:
Weighted average common shares outstanding	2,967,050		3,262,240		2,966,416	3,303,847
Net income per common share, basic (in dollars per share)	$ 0.13		$ 0.10		$ 0.26	$ 0.22
Earnings:
Net income	$ 397	$ 378	$ 342	$ 385	$ 775	$ 727
Shares:
Weighted average common shares outstanding	2,967,050		3,262,240		2,966,416	3,303,847
Add: Dilutive effect of stock options	3,582		1,105		3,501	1,137
Add: Dilutive effect of restricted stock	5,506		233		4,731	81
Weighted average common shares outstanding, as adjusted	2,976,138		3,263,578		2,974,648	3,305,065
Net income per common share, diluted (in dollars per share)	$ 0.13		$ 0.10		$ 0.26	$ 0.22

Supplemental Disclosure for E_4

Supplemental Disclosure for Earnings Per Share - Additional Information (Details) - shares	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares of common stock excluded from the calculation of diluted net income per common share	0	0
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares of common stock excluded from the calculation of diluted net income per common share	0	0

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Compensation expense	$ 40,000	$ 33,000	$ 81,000	$ 66,000
Conversion | Employee stock ownership plan ("ESOP")
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Plan of conversion from mutual to stock form of ownership, number of shares issued			204,789
Purchase price per share for shares issued in plan of conversion			$ 10
Term of loan under ESOP			20 years
Allocated shares	27,863		27,863
Unallocated shares	176,926		176,926
Value unallocated shares of common stock	$ 2,800,000		$ 2,800,000

Stock-based Compensation Plan_2

Stock-based Compensation Plans - Stock option activity (Details)	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Weighted Average Exercise Price
Weighted Average Remaining Contractual Term, options vested and expected to vest	2 years 10 months 24 days
Stock options
Number of shares
Outstanding at beginning of year | shares	93,254
Exercised | shares	(1,170)
Outstanding at end of period | shares	92,084
Vested and expected to vest | shares	92,084
Exercisable at end of period | shares	43,348
Weighted Average Exercise Price
Outstanding at beginning of year | $ / shares	$ 13.18
Exercised | $ / shares	5.11
Outstanding at end of period | $ / shares	13.29
Vested and expected to vest | $ / shares	13.29
Exercisable at end of period | $ / shares	$ 13.23
Weighted Average Remaining Contractual Term	8 years 4 months 24 days
Weighted Average Remaining Contractual Term, options vested and expected to vest	8 years 4 months 24 days
Weighted Average Remaining Contractual Term, options exercisable	8 years 4 months 24 days
Outstanding shares, Aggregate Intrinsic Value | $	$ 241,000
Vested and expected to vest, Aggregate Intrinsic Value | $	241,000
Exercisable at end of period Aggregate Intrinsic Value | $	$ 116,000

Stock-based Compensation Plan_3

Stock-based Compensation Plans - Nonvested restricted shares activity (Details)	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Number of shares
Nonvested at beginning of year | shares	30,142
Vested | shares	(1,000)
Forfeited | shares	(200)
Nonvested at end of period | shares	28,942
Weighted Average Grant-Date Fair Value
Nonvested at beginning of year | $ / shares	$ 14
Vested | $ / shares	14.74
Forfeited | $ / shares	14.74
Nonvested at end of period | $ / shares	$ 13.97

Stock-based Compensation Plan_4

Stock-based Compensation Plans - Additional information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to nonvested stock options	$ 131,000		$ 131,000
Unrecognized compensation expense to be recognized over a weighted-average period			2 years 6 months
Unrecognized compensation expense related to nonvested restricted shares			$ 345,000
Weighted average vesting period			2 years 10 months 24 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	13,000	$ 17,000	$ 26,000	$ 34,000
Weighted average vesting period			8 years 4 months 24 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 29,000	$ 22,000	$ 74,000	$ 44,000
2010 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common shares approved for awards of stock options and restricted stock	127,849		127,849
Awards adjusted for stock options			93,254
Common stock have been granted, net of forfeitures			34,250
Vesting period			5 years
2019 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common shares approved for awards of stock options and restricted stock					255,987
Number of restricted stock available for grant					102,395
2019 Equity Incentive Plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock granted			0
2019 Equity Incentive Plan | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock granted			18,500

Fair Value Measurements - Fair

Fair Value Measurements - Fair value on a recurring and nonrecurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	$ 111,725	$ 104,456
Real estate held for sale	99	99
Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	13,209	10,240
Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	27,057	27,771
Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	71,459	66,445
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	111,725	104,456
Assets Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	111,725	104,456
Assets Measured on a Recurring Basis | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	13,209	10,240
Assets Measured on a Recurring Basis | Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	27,057	27,771
Assets Measured on a Recurring Basis | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	71,459	66,445
Assets Measured on a Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	111,725	104,456
Assets Measured on a Recurring Basis | Level 2 | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	13,209	10,240
Assets Measured on a Recurring Basis | Level 2 | Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	27,057	27,771
Assets Measured on a Recurring Basis | Level 2 | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	71,459	66,445
Assets Measured on a Nonrecurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	1,687	2,097
Real estate held for sale	99	99
Assets Measured on a Nonrecurring Basis | One-to-four family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	1,116
Assets Measured on a Nonrecurring Basis | Residential real estate | One-to-four family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans		1,468
Assets Measured on a Nonrecurring Basis | Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	245	273
Assets Measured on a Nonrecurring Basis | Commercial business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	326	356
Assets Measured on a Nonrecurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	1,687	2,097
Real estate held for sale	99	99
Assets Measured on a Nonrecurring Basis | Level 3 | One-to-four family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	1,116
Assets Measured on a Nonrecurring Basis | Level 3 | Residential real estate | One-to-four family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans		1,468
Assets Measured on a Nonrecurring Basis | Level 3 | Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	245	273
Assets Measured on a Nonrecurring Basis | Level 3 | Commercial business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	$ 326	$ 356

Fair Value Measurements - Estim

Fair Value Measurements - Estimated fair values of financial instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial assets:
Securities available for sale	$ 111,725	$ 104,456
Securities held to maturity	25	31
Loans, net	110,903	113,259
FHLB stock	778	778
Financial liabilities:
Accrued interest payable	11	10
Carrying Value
Financial assets:
Cash and cash equivalents	18,526	9,661
Securities available for sale	111,725	104,456
Securities held to maturity	25	31
Loans, net	110,903	113,259
FHLB stock	778	778
Accrued interest receivable	1,001	898
Financial liabilities:
Deposits	189,065	174,113
Advance from FHLB	10,000	11,000
Accrued interest payable	11	10
Level 1
Financial assets:
Cash and cash equivalents	18,526	9,661
Level 2
Financial assets:
Securities available for sale	111,725	104,456
Securities held to maturity	25	31
Accrued interest receivable	1,001	898
Financial liabilities:
Advance from FHLB	10,321	11,450
Accrued interest payable	11	10
Level 3
Financial assets:
Loans, net	112,201	117,432
Financial liabilities:
Deposits	$ 189,259	$ 174,548

Fair Value Measurements - Addit

Fair Value Measurements - Additional information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Transfers in or out of Level 3 financial assets	$ 0	$ 0	$ 0	$ 0
Real estate held for sale
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Recognized charges write down	0	0	0	0
Level 3 | Cost approach | Appraised value | Impaired loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Allowance for loan losses increase (decrease)	$ (2,000)	$ 3,000	$ (5,000)	$ 3,000
Percentage of discount from appraised value	10.00%		10.00%		10.00%
Measurement inputs			estimated costs to sell the property		estimated costs to sell the property
Level 3 | Cost approach | Appraised value | Real estate held for sale
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Percentage of discount from appraised value	10.00%		10.00%		10.00%
Measurement inputs			estimated costs to sell the property		estimated costs to sell the property

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 303	$ 160	$ 555	$ 314
Net gains on investments		104		104
Increase in cash surrender value of life insurance	15	17	31	34
Other income	7	2	13	3
Other noninterest income	22	123	44	141
Total noninterest income	325	283	599	455
Deposit account service charges
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	70	33	120	82
Brokered loan fees
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	83	8	151	15
ATM and debit card fee income
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	145	111	274	202
Other income
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 5	$ 8	$ 10	$ 15

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Details)	6 Months Ended
	Jun. 30, 2021
Restatement | ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of impact on consolidated balance sheet	5.00%

Subsequent Events (Details)

Subsequent Events (Details) - Common Stock - Subsequent Event	Aug. 03, 2021$ / sharesshares
Subsequent Event [Line Items]
Repurchased shares | shares	138,518
Share price | $ / shares	$ 18