Mid-Southern Bancorp (MSVB) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 04, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
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		2,869,586
Entity Central Index Key	0001734875
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 1,690	$ 1,378
Interest-bearing deposits with banks	2,320	15,001
Cash and cash equivalents	4,010	16,379
Securities available for sale, at fair value	103,684	107,293
Securities held to maturity	18	21
Loans, net of allowance for loan losses of $1,653 and $1,523, respectively	142,473	122,568
Federal Home Loan Bank stock, at cost	1,778	778
Real estate held for sale	99	99
Premises and equipment	2,208	1,952
Accrued interest receivable:
Loans	380	296
Securities	700	701
Cash value of life insurance	3,811	3,930
Other assets	5,387	243
Total Assets	264,548	254,260
Deposits:
Noninterest-bearing	27,565	28,602
Interest-bearing	174,250	168,282
Total deposits	201,815	196,884
Advance from Federal Home Loan Bank	31,000	10,000
Accrued interest payable	31	11
Accrued expenses and other liabilities	892	836
Total Liabilities	233,738	207,731
COMMITMENTS AND CONTINGENCIES
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 2,869,586 shares outstanding (3,016,653 in 2021)	36	36
Additional paid-in-capital	30,755	30,694
Retained earnings, substantially restricted	24,702	23,527
Accumulated other comprehensive income (loss)	(12,957)	2,096
Unearned ESOP shares	(1,571)	(1,649)
Unearned stock compensation plan	(344)	(473)
Treasury stock, at cost - 695,844 shares (548,777 in 2021)	(9,811)	(7,702)
Total Stockholders' Equity	30,810	46,529
Total Liabilities and Stockholders' Equity	$ 264,548	$ 254,260

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS
Allowance for loan losses	$ 1,653	$ 1,523
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	2,869,586	3,016,653
Treasury stock, shares	695,844	548,777

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
INTEREST INCOME
Loans, including fees	$ 1,556	$ 1,317	$ 4,326	$ 3,887
Investment securities:
Mortgage-backed securities	158	137	405	421
Municipal tax exempt	428	381	1,233	1,130
Other debt securities	122	63	320	190
Federal Home Loan Bank dividends	21	4	30	13
Interest-bearing deposits with banks and time deposits	9	1	16	2
Total interest income	2,294	1,903	6,330	5,643
INTEREST EXPENSE
Deposits	128	121	342	371
Borrowings	166	43	275	130
Total interest expense	294	164	617	501
Net interest income	2,000	1,739	5,713	5,142
Provision for loan losses	85		135
Net interest income after provision for loan losses	1,915	1,739	5,578	5,142
NONINTEREST INCOME
Fees and commission	273	280	838	830
Brokered loan fees	25	48	126	199
Increase in cash value of life insurance	14	16	43	47
Gain on life insurance			36
Other income	12	12	36	35
Total noninterest income	295	301	944	900
NONINTEREST EXPENSE
Compensation and benefits	936	902	2,752	2,743
Occupancy and equipment	161	139	437	405
Data processing	118	103	354	323
Professional fees	145	145	447	423
Loss on disposal of premises and equipment	10		17
Directors' compensation	84	70	254	242
Stockholders' meeting expense	8	12	41	50
Supervisory examinations	18	17	53	50
Deposit insurance premiums	16	10	49	40
Other expenses	171	153	524	479
Total noninterest expense	1,667	1,551	4,928	4,755
Income before income taxes	543	489	1,594	1,287
Income tax expense	31	33	89	56
Net Income	$ 512	$ 456	$ 1,505	$ 1,231
Earnings per common share:
Basic	$ 0.19	$ 0.16	$ 0.55	$ 0.42
Diluted	$ 0.19	$ 0.16	$ 0.55	$ 0.42
Deposit account service charges
NONINTEREST INCOME
Fees and commission	$ 100	$ 87	$ 271	$ 207
ATM and debit card fee income
NONINTEREST INCOME
Fees and commission	$ 144	$ 138	$ 432	$ 412

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net Income	$ 512	$ 456	$ 1,505	$ 1,231
Unrealized losses on securities available for sale:
Net unrealized holding losses arising during the period	(5,381)	(892)	(20,037)	(1,665)
Income tax benefit	1,339	221	4,984	414
Net of tax amount	(4,042)	(671)	(15,053)	(1,251)
Other Comprehensive Loss, net of tax	(4,042)	(671)	(15,053)	(1,251)
Total Comprehensive Loss	$ (3,530)	$ (215)	$ (13,548)	$ (20)

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, 2020	$ 36	$ 30,559	$ 22,299	$ 3,213	$ (1,769)	$ (422)		$ 49,004
Treasury Stock, beginning balance at Dec. 31, 2020							$ (4,912)
Net income			378					378
Other comprehensive 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)		47,880
Treasury Stock, ending balance at Mar. 31, 2021							(4,917)
Balances at Dec. 31, 2020	36	30,559	22,299	3,213	(1,769)	(422)		49,004
Treasury Stock, beginning balance at Dec. 31, 2020							(4,912)
Net income								1,231
Other comprehensive loss								(1,251)
Balances at Sep. 30, 2021	36	30,632	23,265	1,962	(1,691)	(315)		46,218
Treasury Stock, ending balance at Sep. 30, 2021							(7,671)
Balances at Mar. 31, 2021	36	30,587	22,586	1,708	(1,743)	(377)		47,880
Treasury Stock, beginning balance at Mar. 31, 2021							(4,917)
Net income			397					397
Other comprehensive 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)		49,116
Treasury Stock, ending balance at Jun. 30, 2021							(4,990)
Net income			456					456
Other comprehensive loss				(671)				(671)
Cash dividends			(85)					(85)
ESOP shares committed to be released		14			26			40
Purchase of treasury shares							(2,681)	(2,681)
Stock compensation expense		13				30		43
Balances at Sep. 30, 2021	36	30,632	23,265	1,962	(1,691)	(315)		46,218
Treasury Stock, ending balance at Sep. 30, 2021							(7,671)
Balances at Dec. 31, 2021	36	30,694	23,527	2,096	(1,649)	(473)		46,529
Treasury Stock, beginning balance at Dec. 31, 2021							(7,702)	(7,702)
Net income			467					467
Other comprehensive loss				(5,888)				(5,888)
Cash dividends			(113)					(113)
ESOP shares committed to be released		13			26			39
Purchase of treasury shares							(241)	(241)
Forfeiture of unearned stock awards						2	(2)
Exercise of stock options		(8)					111	103
Stock compensation expense		13				41		54
Balances at Mar. 31, 2022	36	30,712	23,881	(3,792)	(1,623)	(430)		40,950
Treasury Stock, ending balance at Mar. 31, 2022							(7,834)
Balances at Dec. 31, 2021	36	30,694	23,527	2,096	(1,649)	(473)		46,529
Treasury Stock, beginning balance at Dec. 31, 2021							(7,702)	(7,702)
Net income								1,505
Other comprehensive loss								(15,053)
Balances at Sep. 30, 2022	36	30,755	24,702	(12,957)	(1,571)	(344)		30,810
Treasury Stock, ending balance at Sep. 30, 2022							(9,811)	(9,811)
Balances at Mar. 31, 2022	36	30,712	23,881	(3,792)	(1,623)	(430)		40,950
Treasury Stock, beginning balance at Mar. 31, 2022							(7,834)
Net income			526					526
Other comprehensive loss				(5,123)				(5,123)
Cash dividends			(108)					(108)
ESOP shares committed to be released		11			26			37
Purchase of treasury shares							(1,952)	(1,952)
Forfeiture of unearned stock awards						2	(2)
Stock compensation expense		11				41		52
Balances at Jun. 30, 2022	36	30,734	24,299	(8,915)	(1,597)	(387)		34,382
Treasury Stock, ending balance at Jun. 30, 2022							(9,788)
Net income			512					512
Other comprehensive loss				(4,042)				(4,042)
Cash dividends			(109)					(109)
ESOP shares committed to be released		10			26			36
Purchase of treasury shares							(21)	(21)
Forfeiture of unearned stock awards						2	(2)
Stock compensation expense		11				41		52
Balances at Sep. 30, 2022	$ 36	$ 30,755	$ 24,702	$ (12,957)	$ (1,571)	$ (344)		30,810
Treasury Stock, ending balance at Sep. 30, 2022							$ (9,811)	$ (9,811)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividend, per share amount	$ 0.04	$ 0.04	$ 0.04	$ 0.03	$ 0.03	$ 0.03
Treasury stock, shares, acquired	1,589	136,780	16,117	150,663	5,612	327

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,505,000	$ 1,231,000
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and accretion of discounts on securities, net	339,000	279,000
Provision for loan losses	135,000
Stock compensation expense	158,000	143,000
Depreciation expense	145,000	126,000
Loss on disposal of premises and equipment	17,000
ESOP compensation expense	112,000	121,000
Deferred income taxes	(104,000)	(28,000)
Increase in cash value of life insurance	(43,000)	(47,000)
Gain on life insurance	(36,000)
(Increase) decrease in accrued interest receivable	(83,000)	7,000
Increase in accrued interest payable	20,000	1,000
Net change in other assets and liabilities	(32,000)	24,000
Net Cash Provided By Operating Activities	2,133,000	1,857,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of securities available for sale	(25,951,000)	(14,084,000)
Principal collected on mortgage-backed securities available for sale	6,347,000	5,513,000
Proceeds from maturities of securities available for sale	2,837,000	2,853,000
Principal collected on mortgage-backed securities held to maturity	3,000	8,000
Purchase of Federal Home Loan Bank stock	(1,057,000)
Proceeds from redemption of Federal Home Loan Bank Stock	57,000
Net (increase) decrease in loans receivable	(20,040,000)	(4,905,000)
Purchase of premises and equipment	(386,000)	(100,000)
Proceeds from settlement of life insurance	203,000
Investment in cash value of life insurance	(5,000)	(2,000)
Net Cash Used In Investing Activities	(37,992,000)	(10,717,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	4,931,000	21,115,000
Repayments to Federal Home Loan Bank	(10,000,000)	(1,000,000)
Proceeds from Federal Home Loan Bank	31,000,000
Proceeds from the exercise of stock options	103,000	7,000
Purchase of treasury stock	(2,214,000)	(2,772,000)
Cash dividends paid	(330,000)	(265,000)
Net Cash Provided By Financing Activities	23,490,000	17,085,000
Net Increase (Decrease) in Cash and Cash Equivalents	(12,369,000)	8,225,000
Cash and cash equivalents at beginning of year	16,379,000	9,661,000
Cash and Cash Equivalents at End of Period	4,010,000	17,886,000
Supplemental Disclosures of Cash Flow Information
Interest	597,000	500,000
Net tax payments	$ 145,000	$ 27,000

Presentation of Interim Informa

Presentation of Interim Information	9 Months Ended
	Sep. 30, 2022
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 25, 2022 ("2021 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	9 Months Ended
	Sep. 30, 2022
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.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2022
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 U.S. Treasury and other U.S. government agency obligations, 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 September 30, 2022 and December 31, 2021 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ (In thousands) ​ Amortized ​ Unrealized ​ Unrealized ​ Fair September 30, 2022 Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ Agency MBS ​ $ 13,585 ​ $ — ​ $ 2,090 ​ $ 11,495 Agency CMO ​ 21,805 ​ ​ 2 ​ ​ 2,136 ​ ​ 19,671 ​ ​ 35,390 ​ ​ 2 ​ ​ 4,226 ​ ​ 31,166 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ 9,837 ​ ​ — ​ ​ 421 ​ ​ 9,416 U.S. Government agency obligations ​ 1,996 ​ ​ — ​ ​ 178 ​ ​ 1,818 Municipal obligations ​ 73,708 ​ ​ 3 ​ ​ 12,427 ​ ​ 61,284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 120,931 ​ $ 5 ​ $ 17,252 ​ $ 103,684 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 18 ​ $ — ​ $ — ​ $ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities held to maturity ​ $ 18 ​ $ — ​ $ — ​ $ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 11,941 ​ $ 47 ​ $ 135 ​ $ 11,853 Agency CMO ​ 24,196 ​ ​ 47 ​ ​ 465 ​ ​ 23,778 ​ ​ 36,137 ​ ​ 94 ​ ​ 600 ​ ​ 35,631 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal obligations ​ 68,366 ​ ​ 3,318 ​ ​ 22 ​ ​ 71,662 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 104,503 ​ $ 3,412 ​ $ 622 ​ $ 107,293 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 21 ​ $ — ​ $ — ​ $ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities held to maturity ​ $ 21 ​ $ — ​ $ — ​ $ 21 ​ The amortized cost and fair value of debt securities as of September 30, 2022, 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 ​ $ 2,270 ​ $ 2,229 ​ $ — ​ $ — Due after one year through five years ​ 14,717 ​ ​ 14,042 ​ ​ — ​ ​ — Due after five years through ten years ​ 5,451 ​ ​ 5,132 ​ ​ — ​ ​ — Due after ten years ​ 63,103 ​ ​ 51,115 ​ ​ — ​ ​ — ​ ​ 85,541 ​ ​ 72,518 ​ ​ — ​ ​ — MBS and CMO ​ 35,390 ​ ​ 31,166 ​ ​ 18 ​ ​ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 120,931 ​ $ 103,684 ​ $ 18 ​ $ 18 ​ Information pertaining to investment securities available for sale with gross unrealized losses at September 30, 2022, aggregated by investment category and the length of time that individual investment securities have been in a continuous loss position, follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Gross (Dollars in thousands) ​ Investment ​ Fair ​ Unrealized September 30, 2022 ​ Positions ​ Value ​ Losses Securities available for sale: ​ ​ Continuous loss position less than 12 months: ​ ​ US Treasury 6 $ 9,417 $ 421 Agency MBS ​ 8 ​ ​ 4,765 ​ ​ 650 Agency CMO ​ 10 ​ ​ 6,763 ​ ​ 273 Federal agency obligations ​ 1 ​ ​ 1,818 ​ ​ 178 Municipal obligations ​ 118 ​ ​ 58,374 ​ ​ 11,724 Total less than 12 months ​ 143 ​ ​ 81,137 ​ ​ 13,246 ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous loss position more than 12 months: ​ ​ ​ ​ ​ Agency MBS 5 ​ 6,730 ​ 1,440 Agency CMO 10 ​ 11,472 ​ 1,863 Municipal obligations 3 ​ 1,728 ​ 703 Total more than 12 months 18 ​ 19,930 ​ 4,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale 161 ​ $ 101,067 ​ $ 17,252 ​ Information pertaining to investment securities available for sale with gross unrealized losses at December 31, 2021, aggregated by investment category and the length of time that individual investment securities have been in a continuous loss position, follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ Gross (Dollars in thousands) ​ Investment ​ Fair ​ Unrealized December 31, 2021 Positions Value Losses Securities available for sale: ​ ​ Continuous loss position less than 12 months: ​ ​ Agency MBS ​ 4 ​ $ 7,964 ​ $ 113 Agency CMO ​ 4 ​ ​ 4,792 ​ ​ 46 Municipal obligations 3 ​ ​ 2,452 ​ ​ 22 Total less than 12 months ​ 11 ​ ​ 15,208 ​ ​ 181 ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous loss position more than 12 months: ​ ​ ​ ​ ​ ​ ​ Agency MBS 1 ​ ​ 879 ​ ​ 22 Agency CMO 8 ​ ​ 12,553 ​ ​ 419 Total more than 12 months 9 ​ ​ 13,432 ​ ​ 441 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale 20 ​ $ 28,640 ​ $ 622 ​ 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 September 30, 2022, the Company had no debt securities in the held to maturity classification in a loss position. At September 30, 2022, the debt securities available for sale in a loss position were 97.5% of the Company’s total available for sale securities portfolio. All of the debt securities in a loss position at September 30, 2022 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. There were no securities sold during the three- and nine-month periods ended September 30, 2022. There were no securities sold during the three- and nine-month periods ended September 30, 2021.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2022
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, farmland, 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, 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. component of the allowance for loan losses because they are estimates and the outcome of the loan relationship is undetermined. 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. At September 30, 2022, there were seven loans with a recorded investment of $249,000 that are secured by residential real estate property for which formal foreclosure proceedings are in process. The recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure was $19,000 at December 31, 2021. Loans at September 30, 2022 and December 31, 2021 consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, (In thousands) ​ 2022 ​ 2021 Real estate mortgage loans: ​ ​ One-to-four family residential ​ $ 64,725 ​ $ 64,098 Multi-family residential ​ 11,350 ​ 9,385 Residential construction ​ ​ 1,601 ​ ​ 1,406 Commercial real estate ​ 47,865 ​ 36,678 Commercial real estate construction ​ 3,996 ​ 1,632 Commercial business loans ​ 12,466 ​ 8,804 Consumer loans ​ 2,254 ​ 2,152 Total loans ​ 144,257 ​ 124,155 ​ ​ ​ ​ ​ ​ ​ Deferred loan origination fees and costs, net ​ (131) ​ (64) Allowance for loan losses ​ (1,653) ​ (1,523) ​ ​ ​ ​ ​ ​ ​ Loans, net ​ $ 142,473 ​ $ 122,568 ​ The following table provides the components of the Company’s recorded investment in loans at September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 64,725 ​ $ 11,350 ​ $ 5,597 ​ $ 47,865 ​ $ 12,466 ​ $ 2,254 ​ $ 144,257 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued interest receivable ​ 159 ​ 17 ​ ​ 7 ​ ​ 147 ​ ​ 46 ​ ​ 4 ​ ​ 380 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred loan fees/costs ​ 9 ​ (31) ​ ​ (24) ​ ​ (104) ​ ​ (23) ​ ​ 42 ​ ​ (131) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment in loans ​ $ 64,893 ​ $ 11,336 ​ $ 5,580 ​ $ 47,908 ​ $ 12,489 ​ $ 2,300 ​ $ 144,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans as Evaluated for Impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,145 ​ $ — ​ $ — ​ $ 139 ​ $ 295 ​ $ 7 ​ $ 1,586 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 63,748 ​ 11,336 ​ ​ 5,580 ​ ​ 47,769 ​ ​ 12,194 ​ ​ 2,293 ​ ​ 142,920 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 64,893 ​ $ 11,336 ​ $ 5,580 ​ $ 47,908 ​ $ 12,489 ​ $ 2,300 ​ $ 144,506 ​ The following table provides the components of the Company’s recorded investment in loans at December 31, 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 ​ $ 64,098 ​ $ 9,385 ​ $ 3,038 ​ $ 36,678 ​ $ 8,804 ​ $ 2,152 ​ $ 124,155 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued interest receivable ​ 158 ​ 11 ​ 7 ​ 76 ​ 38 ​ 6 ​ 296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred loan fees/costs ​ 7 ​ (24) ​ (13) ​ (52) ​ (27) ​ 45 ​ (64) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment in loans ​ $ 64,263 ​ $ 9,372 ​ $ 3,032 ​ $ 36,702 ​ $ 8,815 ​ $ 2,203 ​ $ 124,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans as Evaluated for Impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,041 ​ $ — ​ $ — ​ $ 170 ​ $ 328 ​ $ 3 ​ $ 1,542 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 63,222 ​ 9,372 ​ 3,032 ​ 36,532 ​ 8,487 ​ 2,200 ​ 122,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 64,263 ​ $ 9,372 ​ $ 3,032 ​ $ 36,702 ​ $ 8,815 ​ $ 2,203 ​ $ 124,387 ​ An analysis of the allowance for loan losses as of September 30, 2022 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 ​ $ — ​ $ — ​ $ — ​ $ 18 ​ $ — ​ $ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 719 ​ 112 ​ 17 ​ 593 ​ 140 ​ 33 ​ 1,614 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 740 ​ $ 112 ​ $ 17 ​ $ 593 ​ $ 158 ​ $ 33 ​ $ 1,653 ​ An analysis of the allowance for loan losses as of December 31, 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 ​ $ — ​ $ — ​ $ — ​ $ 19 ​ $ — ​ $ 40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 852 ​ 102 ​ 25 ​ 363 ​ 108 ​ 33 ​ 1,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 873 ​ $ 102 ​ $ 25 ​ $ 363 ​ $ 127 ​ $ 33 ​ $ 1,523 ​ An analysis of the changes in the allowance for loan losses for the three months ended September 30, 2022 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 ​ $ 751 ​ $ 112 ​ $ 10 ​ $ 558 ​ $ 109 ​ $ 31 ​ $ 1,571 Provisions ​ (13) ​ ​ — ​ ​ 7 ​ ​ 35 ​ ​ 49 ​ ​ 7 ​ ​ 85 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (8) ​ ​ (8) Recoveries ​ 2 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 740 ​ $ 112 ​ $ 17 ​ $ 593 ​ $ 158 ​ $ 33 ​ $ 1,653 ​ ​ An analysis of the changes in the allowance for loan losses for the nine months ended September 30, 2022 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 ​ $ 873 ​ $ 102 ​ $ 25 ​ $ 363 ​ $ 127 ​ $ 33 ​ $ 1,523 Provisions ​ (138) ​ ​ 10 ​ ​ (8) ​ ​ 230 ​ ​ 31 ​ ​ 10 ​ ​ 135 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (14) ​ ​ (14) Recoveries ​ 5 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 740 ​ $ 112 ​ $ 17 ​ $ 593 ​ $ 158 ​ $ 33 ​ $ 1,653 ​ An analysis of the changes in the allowance for loan losses for the three months ended September 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 ​ $ 999 ​ $ 103 ​ $ 32 ​ $ 312 ​ $ 137 ​ $ 29 ​ $ 1,612 Provisions ​ (73) ​ ​ (4) ​ ​ (7) ​ ​ 56 ​ ​ 21 ​ ​ 7 ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (3) ​ ​ (3) Recoveries ​ 40 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ 42 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 966 ​ $ 99 ​ $ 25 ​ $ 368 ​ $ 158 ​ $ 35 ​ $ 1,651 ​ An analysis of the changes in the allowance for loan losses for the nine months ended September 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 ​ (70) ​ 1 ​ (30) ​ 62 ​ 24 ​ 13 ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ (9) ​ (9) Recoveries ​ 44 ​ — ​ — ​ — ​ 21 ​ 6 ​ 71 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 966 ​ $ 99 ​ $ 25 ​ $ 368 ​ $ 158 ​ $ 35 ​ $ 1,651 ​ ​ The following table summarizes the Company’s impaired loans as of September 30, 2022 and for the three and nine months ended September 30, 2022. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three- and nine-month periods ended September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ At September 30, 2022 ​ September 30, 2022 ​ September 30, 2022 ​ ​ 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 ​ $ 876 ​ $ 945 ​ $ — ​ $ 859 ​ $ — ​ $ 788 ​ $ 1 Commercial real estate ​ 73 ​ ​ 73 ​ ​ — ​ ​ 79 ​ ​ 1 ​ ​ 89 ​ ​ 3 Commercial business ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer ​ 7 ​ ​ 7 ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 3 ​ ​ — ​ ​ $ 956 ​ $ 1,025 ​ $ — ​ $ 942 ​ $ 1 ​ $ 880 ​ $ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 269 ​ $ 276 ​ $ 21 ​ $ 269 ​ $ 3 ​ $ 257 ​ $ 9 Commercial real estate ​ 66 ​ ​ 69 ​ ​ — ​ ​ 66 ​ ​ — ​ ​ 67 ​ ​ 2 Commercial business ​ 295 ​ ​ 295 ​ ​ 18 ​ ​ 302 ​ ​ 4 ​ ​ 314 ​ ​ 12 Consumer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 630 ​ $ 640 ​ $ 39 ​ $ 637 ​ $ 7 ​ $ 638 ​ $ 23 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,145 ​ $ 1,221 ​ $ 21 ​ $ 1,128 ​ $ 3 ​ $ 1,045 ​ $ 10 Commercial real estate ​ 139 ​ ​ 142 ​ ​ — ​ ​ 145 ​ ​ 1 ​ ​ 156 ​ ​ 5 Commercial business ​ 295 ​ ​ 295 ​ ​ 18 ​ ​ 302 ​ ​ 4 ​ ​ 314 ​ ​ 12 Consumer ​ 7 ​ ​ 7 ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 3 ​ ​ — ​ ​ $ 1,586 ​ $ 1,665 ​ $ 39 ​ $ 1,579 ​ $ 8 ​ $ 1,518 ​ $ 27 ​ The following table summarizes the Company’s impaired loans for the three- and nine-month periods ended September 30, 2021. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three- and nine-month periods ended September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, 2021 ​ September 30, 2021 ​ 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 ​ $ 785 ​ $ 1 ​ $ 964 ​ $ 2 Commercial real estate ​ 123 ​ ​ 1 ​ 105 ​ ​ 3 Commercial business ​ — ​ ​ — ​ 6 ​ ​ — ​ ​ $ 908 ​ $ 2 ​ $ 1,075 ​ $ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 220 ​ $ 2 ​ $ 228 ​ $ 7 Commercial real estate ​ 123 ​ ​ 2 ​ 153 ​ ​ 5 Commercial business ​ 343 ​ ​ 4 ​ 352 ​ ​ 14 ​ ​ $ 686 ​ $ 8 ​ $ 733 ​ $ 26 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,005 ​ $ 3 ​ $ 1,192 ​ $ 9 Commercial real estate ​ 246 ​ ​ 3 ​ 258 ​ ​ 8 Commercial business ​ 343 ​ ​ 4 ​ 358 ​ ​ 14 ​ ​ $ 1,594 ​ $ 10 ​ $ 1,808 ​ $ 31 ​ The following table summarizes the Company’s impaired loans as of December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Investment Balance Allowance ​ ​ (In thousands) Loans with no related allowance recorded: ​ ​ ​ One-to-four family residential ​ $ 822 ​ $ 905 ​ $ — Commercial real estate ​ 102 ​ 102 ​ — Commercial business ​ — ​ — ​ — Consumer ​ 3 ​ 3 ​ — ​ ​ $ 927 ​ $ 1,010 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ One-to-four family residential ​ $ 219 ​ $ 218 ​ $ 21 Commercial real estate ​ 68 ​ 72 ​ — Commercial business ​ 328 ​ 328 ​ 19 Consumer ​ — ​ — ​ — ​ ​ $ 615 ​ $ 618 ​ $ 40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,041 ​ $ 1,123 ​ $ 21 Commercial real estate ​ 170 ​ 174 ​ — Commercial business ​ 328 ​ 328 ​ 19 Consumer ​ 3 ​ 3 ​ — ​ ​ $ 1,542 ​ $ 1,628 ​ $ 40 ​ 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 September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2022 ​ At December 31, 2021 ​ ​ ​ ​ ​ 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 ​ $ 845 ​ $ — $ 845 $ 735 $ — $ 735 Commercial real estate ​ 4 ​ — ​ 4 ​ 15 ​ — ​ 15 Consumer ​ 8 ​ — ​ 8 ​ 3 ​ — ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 857 ​ $ — ​ $ 857 ​ $ 753 ​ $ — ​ $ 753 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Over ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 ‑ 59 Days ​ 60 ‑ 89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total ​ Past Due Past Due Past Due Past Due Current Loans ​ ​ (In thousands) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 540 ​ $ 252 ​ $ 78 ​ $ 870 ​ $ 64,023 ​ $ 64,893 Multi-family residential ​ — ​ — ​ — ​ — ​ 11,336 ​ 11,336 Construction ​ — ​ — ​ — ​ — ​ 5,580 ​ 5,580 Commercial real estate ​ — ​ — ​ — ​ — ​ 47,908 ​ 47,908 Commercial business ​ — ​ — ​ — ​ — ​ 12,489 ​ 12,489 Consumer ​ — ​ — ​ — ​ — ​ 2,300 ​ 2,300 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 540 ​ $ 252 ​ $ 78 ​ $ 870 ​ $ 143,636 ​ $ 144,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 545 ​ $ 248 ​ $ 57 ​ $ 850 ​ $ 63,413 ​ $ 64,263 Multi-family residential ​ — ​ — ​ — ​ — ​ 9,372 ​ 9,372 Construction ​ — ​ — ​ — ​ — ​ 3,032 ​ 3,032 Commercial real estate ​ 451 ​ — ​ — ​ 451 ​ 36,251 ​ 36,702 Commercial business ​ — ​ — ​ — ​ — ​ 8,815 ​ 8,815 Consumer ​ — ​ — ​ 3 ​ 3 ​ 2,200 ​ 2,203 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 996 ​ $ 248 ​ $ 60 ​ $ 1,304 ​ $ 123,083 ​ $ 124,387 ​ 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 Pass 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) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 64,048 ​ $ 11,336 ​ $ 5,580 ​ $ 47,904 ​ $ 12,489 ​ $ 2,293 ​ $ 143,650 Special mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 845 ​ — ​ — ​ 4 ​ — ​ 7 ​ 856 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 64,893 ​ $ 11,336 ​ $ 5,580 ​ $ 47,908 ​ $ 12,489 ​ $ 2,300 ​ $ 144,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 63,399 ​ $ 9,372 ​ $ 3,032 ​ $ 36,593 ​ $ 8,815 ​ $ 2,200 ​ $ 123,411 Special mention ​ — ​ — ​ — ​ 87 ​ — ​ — ​ 87 Substandard ​ 864 ​ — ​ — ​ 22 ​ — ​ 3 ​ 889 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 64,263 ​ $ 9,372 ​ $ 3,032 ​ $ 36,702 ​ $ 8,815 ​ $ 2,203 ​ $ 124,387 ​ 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 following table summarizes the Company’s TDRs by accrual status as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ Related ​ ​ ​ ​ ​ ​ Related ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ Accruing ​ Nonaccrual ​ Total ​ Loan Losses ​ Accruing ​ Nonaccrual ​ Total ​ Loan Losses ​ ​ (In thousands) One-to-four family residential ​ $ 300 ​ $ 88 ​ $ 388 ​ $ 21 ​ $ 306 ​ $ 101 ​ $ 407 ​ $ 21 Commercial real estate ​ 135 ​ — ​ 135 ​ — ​ 155 ​ — ​ 155 ​ — Commercial business ​ 295 ​ — ​ 295 ​ 18 ​ 328 ​ — ​ 328 ​ 19 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 730 ​ $ 88 ​ $ 818 ​ $ 39 ​ $ 789 ​ $ 101 ​ $ 890 ​ $ 40 ​ At both September 30, 2022 and December 31, 2021 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 nine months ended September 30, 2022 and 2021. 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 nine-month periods ended September 30, 2022 and 2021. 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 nine-month periods ended September 30, 2022 and 2021. 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.

Advances from Federal Home Loan

Advances from Federal Home Loan Bank	9 Months Ended
	Sep. 30, 2022
Advances from Federal Home Loan Bank
Advances from Federal Home Loan Bank	5. Advances from Federal Home Loan Bank At September 30, 2022 and December 31, 2021, the Company had $31.0 million and $10.0 million in advances outstanding from the FHLB, respectively. On June 27, 2019, the Company borrowed $10.0 million from the FHLB as a putable fixed-rate advance with an original maturity date of June 27, 2024 and bearing an interest rate of 1.73%. On June 27, 2022 the FHLB exercised its put option on this advance. ​ During the three- and nine-month periods ended September 30, 2022, the Company utilized a series of short-term fixed-rate bullet advances from the FHLB in order to meet daily liquidity requirements and to fund growth in earning assets. The advances had an average term of seven days. The following table sets forth information on the short-term FHLB advances during the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, September 30, ​ 2022 2021 2022 2021 ​ ​ (Dollars in thousands) ​ Outstanding at period-end ​ $ 31,000 ​ $ — ​ $ 31,000 ​ $ — ​ Average amount outstanding ​ ​ 28,125 ​ ​ — ​ ​ 12,438 ​ ​ — ​ Maximum amount outstanding at any month-end ​ ​ 31,000 ​ ​ — ​ ​ 31,000 ​ ​ — ​ Weighted average interest rate: ​ ​ ​ ​ ​ ​ ​ ​ ​ During period ​ ​ 2.36 % ​ — % ​ 2.00 % ​ — % End of period ​ ​ 3.03 % ​ — % ​ 3.03 % ​ — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In addition, during the nine-month period ended September 30, 2022, the Company utilized a $5.0 million line of credit with the FHLB. The following table sets forth information on the FHLB line of credit advances during the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, September 30, ​ 2022 2021 2022 2021 ​ ​ (Dollars in thousands) ​ Outstanding at period-end ​ $ — ​ $ — ​ $ — ​ $ — ​ Average amount outstanding ​ ​ — ​ ​ — ​ ​ 264 ​ ​ — ​ Maximum amount outstanding at any month-end ​ ​ — ​ ​ — ​ ​ 3,566 ​ ​ — ​ Weighted average interest rate: ​ ​ ​ ​ ​ ​ ​ ​ ​ During period ​ ​ — % ​ — % ​ 1.70 % ​ — % End of period ​ ​ — % ​ — % ​ — % ​ — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The advances are secured under a blanket collateral agreement with the FHLB. At September 30, 2022, the carrying value of mortgage loans pledged as security for advances was $59.2 million.

Supplemental Disclosure for Ear

Supplemental Disclosure for Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Supplemental Disclosure for Earnings Per Share
Supplemental Disclosure for Earnings Per Share	6. 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. Potential dilutive common shares are excluded from the computation of diluted net income per common share in the periods where the effect would be antidilutive. Excluded from the computation of diluted net income per common share were weighted-average antidilutive shares totaling 3,913 and 4,708 for the three and nine months ended September 30, 2022, respectively. 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 nine months ended September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ September 30, September 30, ​ 2022 2021 2022 2021 ​ ​ (Dollars in thousands, except per share data) Basic ​ ​ ​ ​ Earnings: ​ ​ ​ ​ Net income ​ $ 512 ​ $ 456 ​ $ 1,505 ​ $ 1,231 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares: ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ 2,679,500 ​ 2,875,547 ​ 2,737,396 ​ 2,935,796 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per common share, basic ​ $ 0.19 ​ $ 0.16 ​ $ 0.55 ​ $ 0.42 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ Earnings: ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 512 ​ $ 456 ​ $ 1,505 ​ $ 1,231 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ 2,679,500 ​ 2,875,547 ​ 2,737,396 ​ 2,935,796 Add: Dilutive effect of stock options ​ 242 ​ 5,000 ​ 251 ​ 4,039 Add: Dilutive effect of restricted stock ​ 5,467 ​ 7,627 ​ 3,565 ​ 5,512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding, as adjusted ​ 2,685,209 ​ 2,888,174 ​ 2,741,212 ​ 2,945,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per common share, diluted ​ $ 0.19 ​ $ 0.16 ​ $ 0.55 ​ $ 0.42 ​

Employee Stock Ownership Plan

Employee Stock Ownership Plan	9 Months Ended
	Sep. 30, 2022
Employee Stock Ownership Plan
Employee Stock Ownership Plan	7. 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 nine-month periods ended September 30, 2022 was $36,000 and $112,000, respectively. Compensation expense recognized for the three- and nine-month periods ended September 30, 2021 was $40,000 and $121,000, respectively. The ESOP trust held 39,847 allocated shares and 164,942 unallocated shares of Company common stock at September 30, 2022. The fair value of the unallocated shares was $2.2 million at September 30, 2022.

Stock-based Compensation Plans

Stock-based Compensation Plans	9 Months Ended
	Sep. 30, 2022
Stock-based Compensation Plans
Stock-based Compensation Plans	8. 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 September 30, 2022, on an adjusted basis, awards for stock options totaling 78,010 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 September 30, 2022, awards for stock options totaling 4,900 shares and awards for restricted stock totaling 33,100 shares of the Company common stock have been granted, net of any forfeitures, to participants in the 2019 Plan. The fair 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 as of September 30, 2022, and changes during the nine-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 98,584 $ 13.42 ​ ​ ​ ​ ​ Granted — ​ ​ — ​ ​ ​ ​ ​ Exercised (7,869) ​ ​ 13.11 ​ ​ ​ ​ ​ Forfeited or expired (16,844) ​ ​ 13.53 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at end of period 73,871 $ 13.43 ​ 7.3 $ 7,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and expected to vest 73,871 $ 13.43 ​ 7.3 $ 7,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of period 42,871 $ 13.33 ​ 7.2 $ 6,000 ​ For the three- and nine-month periods ended September 30, 2022, the Company recognized $12,000 and $37,000, respectively, in compensation expense related to the stock option plan. For the three- and nine-month periods ended September 30, 2021, the Company recognized $13,000 and $39,000, respectively in compensation expense related to the stock option plan. At September 30, 2022, there was $70,000 of unrecognized compensation expense related to nonvested stock options. The compensation expense is expected to be recognized over a weighted average period of 1.4 years. A summary of the activity for the Company’s nonvested restricted shares as of September 30, 2022 and changes during the nine-month period then ended is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number ​ Average ​ ​ of ​ Grant-Date ​ Shares Fair Value Nonvested at beginning of year 32,578 $ 14.53 Granted — ​ ​ — Vested — ​ ​ — Forfeited (450) ​ ​ 14.74 ​ ​ ​ ​ ​ ​ Nonvested at end of period 32,128 $ 14.52 ​ For the three- and nine-month periods ended September 30, 2022, the Company recognized $40,000 and $121,000, respectively, in compensation expense related to the restricted stock plans. For the three- and nine-month periods ended September 30, 2021, the Company recognized $30,000 and $104,000, respectively, in compensation expense related to the restricted stock plans. At September 30, 2022, unrecognized compensation expense related to nonvested restricted shares was $344,000. The compensation expense is expected to be recognized over the remaining weighted average vesting period of 2.3 years.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Measurements
Fair Value Measurements	9. 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 basis as of September 30, 2022 and December 31, 2021. The Company had no liabilities measured at fair value as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Value ​ Level 1 Level 2 Level 3 Total ​ ​ (In thousands) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Agency MBS ​ $ — ​ $ 11,495 ​ $ — ​ $ 11,495 Agency CMO ​ — ​ 19,671 ​ — ​ 19,671 U.S. Treasury securities ​ ​ — ​ ​ 9,416 ​ ​ — ​ ​ 9,416 U.S. Government agency obligations ​ ​ — ​ ​ 1,818 ​ ​ — ​ ​ 1,818 Municipal obligations ​ — ​ 61,284 ​ — ​ 61,284 Total securities available for sale ​ $ — ​ $ 103,684 ​ $ — ​ $ 103,684 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Agency MBS ​ $ — ​ $ 11,853 ​ $ — ​ $ 11,853 Agency CMO ​ — ​ 23,778 ​ — ​ 23,778 Municipal obligations ​ — ​ 71,662 ​ — ​ 71,662 Total securities available for sale ​ $ — ​ $ 107,293 ​ $ — ​ $ 107,293 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 . Real Estate Held for Sale . At both September 30, 2022 and December 31, 2021, 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 nine-month periods ended September 30, 2022 and 2021. 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 nine months ended September 30, 2022 and 2021. There were no transfers into or out of the Company’s Level 3 financial assets for the three- and nine-month periods ended September 30, 2022 and 2021. 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) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ Cash and cash equivalents ​ $ 4,010 ​ $ 4,010 ​ $ — ​ $ — Securities available for sale ​ 103,684 ​ — ​ 103,684 ​ — Securities held to maturity ​ 18 ​ — ​ 18 ​ — Loans, net ​ 142,473 ​ — ​ — ​ 136,459 FHLB stock ​ 1,778 ​ N/A ​ N/A ​ N/A Accrued interest receivable ​ 1,080 ​ — ​ 1,080 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Noninterest-bearing deposits ​ ​ 27,565 ​ ​ 27,565 ​ ​ — ​ ​ — Interest-bearing deposits ​ ​ 174,250 ​ ​ — ​ ​ — ​ ​ 172,445 Advance from FHLB ​ ​ 31,000 ​ ​ — ​ ​ 31,000 ​ ​ — Accrued interest payable ​ ​ 31 ​ ​ — ​ ​ 31 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 16,379 ​ $ 16,379 ​ $ — ​ $ — Securities available for sale ​ 107,293 ​ — ​ 107,293 ​ — Securities held to maturity ​ 21 ​ — ​ 21 ​ — Loans, net ​ 122,568 ​ — ​ — ​ 123,158 FHLB stock ​ 778 ​ N/A ​ N/A ​ N/A Accrued interest receivable ​ 997 ​ — ​ 997 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Noninterest-bearing deposits ​ 28,602 ​ 28,602 ​ — ​ — Interest-bearing deposits ​ 168,282 ​ — ​ — ​ 168,168 Advance from FHLB ​ ​ 10,000 ​ ​ — ​ ​ 10,162 ​ ​ — Accrued interest payable ​ ​ 11 ​ ​ — ​ ​ 11 ​ ​ — ​

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2022
Revenue from Contracts with Customers
Revenue from Contracts with Customers	10. 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 nine months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2022 ​ 2021 ​ 2022 2021 ​ ​ (In thousands) Deposit account service charges ​ $ 100 ​ $ 87 ​ $ 271 ​ $ 207 Brokered loan fees ​ ​ 25 ​ ​ 48 ​ 126 ​ ​ 199 ATM and debit card fee income ​ ​ 144 ​ ​ 138 ​ 432 ​ ​ 412 Other income ​ ​ 4 ​ ​ 7 ​ 9 ​ ​ 12 Revenue from contracts with customers ​ ​ 273 ​ ​ 280 ​ 838 ​ ​ 830 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase in cash surrender value of life insurance ​ ​ 14 ​ ​ 16 ​ 43 ​ ​ 47 Gain on life insurance ​ ​ — ​ ​ — ​ ​ 36 ​ ​ — Other income ​ ​ 8 ​ ​ 5 ​ 27 ​ ​ 23 Other noninterest income ​ ​ 22 ​ ​ 21 ​ 106 ​ ​ 70 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total noninterest income ​ $ 295 ​ $ 301 ​ $ 944 ​ $ 900 ​ 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	9 Months Ended
	Sep. 30, 2022
Recent Accounting Pronouncements
Recent Accounting Pronouncements	11. Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company. The Company is an emerging growth company, and as such will be subject to the effective dates noted for private companies if they differ from the effective dates noted for public companies. In February 2016, FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) 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 adoption of the ASU, as amended, effective January 1, 2022 did not have a material impact on the Company’s consolidated financial statements. The FASB originally issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) cost, regardless of whether the impairment is considered to be other-than-temporary. In March 2022, the FASB issued ASU 2022-02, which eliminates the accounting guidance for TDRs by creditors that have adopted CECL and enhances disclosure requirements for certain loan refinancing and restructurings by creditors to borrowers experiencing financial difficulty. ASU 2019-05, issued in April 2019, further provides entities that have certain financial instruments measured at amortized cost that have 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.

Presentation of Interim Infor_2

Presentation of Interim Information (Policies)	9 Months Ended
	Sep. 30, 2022
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 25, 2022 ("2021 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)	9 Months Ended
	Sep. 30, 2022
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. The Company is an emerging growth company, and as such will be subject to the effective dates noted for private companies if they differ from the effective dates noted for public companies. In February 2016, FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) 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 adoption of the ASU, as amended, effective January 1, 2022 did not have a material impact on the Company’s consolidated financial statements. The FASB originally issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) cost, regardless of whether the impairment is considered to be other-than-temporary. In March 2022, the FASB issued ASU 2022-02, which eliminates the accounting guidance for TDRs by creditors that have adopted CECL and enhances disclosure requirements for certain loan refinancing and restructurings by creditors to borrowers experiencing financial difficulty. ASU 2019-05, issued in April 2019, further provides entities that have certain financial instruments measured at amortized cost that have 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)	9 Months Ended
	Sep. 30, 2022
Investment Securities
Schedule of fair values of debt securities available-for-sale or held-to-maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ (In thousands) ​ Amortized ​ Unrealized ​ Unrealized ​ Fair September 30, 2022 Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ Agency MBS ​ $ 13,585 ​ $ — ​ $ 2,090 ​ $ 11,495 Agency CMO ​ 21,805 ​ ​ 2 ​ ​ 2,136 ​ ​ 19,671 ​ ​ 35,390 ​ ​ 2 ​ ​ 4,226 ​ ​ 31,166 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ 9,837 ​ ​ — ​ ​ 421 ​ ​ 9,416 U.S. Government agency obligations ​ 1,996 ​ ​ — ​ ​ 178 ​ ​ 1,818 Municipal obligations ​ 73,708 ​ ​ 3 ​ ​ 12,427 ​ ​ 61,284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 120,931 ​ $ 5 ​ $ 17,252 ​ $ 103,684 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 18 ​ $ — ​ $ — ​ $ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities held to maturity ​ $ 18 ​ $ — ​ $ — ​ $ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 11,941 ​ $ 47 ​ $ 135 ​ $ 11,853 Agency CMO ​ 24,196 ​ ​ 47 ​ ​ 465 ​ ​ 23,778 ​ ​ 36,137 ​ ​ 94 ​ ​ 600 ​ ​ 35,631 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal obligations ​ 68,366 ​ ​ 3,318 ​ ​ 22 ​ ​ 71,662 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale ​ $ 104,503 ​ $ 3,412 ​ $ 622 ​ $ 107,293 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency MBS ​ $ 21 ​ $ — ​ $ — ​ $ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities held to maturity ​ $ 21 ​ $ — ​ $ — ​ $ 21
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 ​ $ 2,270 ​ $ 2,229 ​ $ — ​ $ — Due after one year through five years ​ 14,717 ​ ​ 14,042 ​ ​ — ​ ​ — Due after five years through ten years ​ 5,451 ​ ​ 5,132 ​ ​ — ​ ​ — Due after ten years ​ 63,103 ​ ​ 51,115 ​ ​ — ​ ​ — ​ ​ 85,541 ​ ​ 72,518 ​ ​ — ​ ​ — MBS and CMO ​ 35,390 ​ ​ 31,166 ​ ​ 18 ​ ​ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 120,931 ​ $ 103,684 ​ $ 18 ​ $ 18
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 September 30, 2022 ​ Positions ​ Value ​ Losses Securities available for sale: ​ ​ Continuous loss position less than 12 months: ​ ​ US Treasury 6 $ 9,417 $ 421 Agency MBS ​ 8 ​ ​ 4,765 ​ ​ 650 Agency CMO ​ 10 ​ ​ 6,763 ​ ​ 273 Federal agency obligations ​ 1 ​ ​ 1,818 ​ ​ 178 Municipal obligations ​ 118 ​ ​ 58,374 ​ ​ 11,724 Total less than 12 months ​ 143 ​ ​ 81,137 ​ ​ 13,246 ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous loss position more than 12 months: ​ ​ ​ ​ ​ Agency MBS 5 ​ 6,730 ​ 1,440 Agency CMO 10 ​ 11,472 ​ 1,863 Municipal obligations 3 ​ 1,728 ​ 703 Total more than 12 months 18 ​ 19,930 ​ 4,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale 161 ​ $ 101,067 ​ $ 17,252 ​ Information pertaining to investment securities available for sale with gross unrealized losses at December 31, 2021, aggregated by investment category and the length of time that individual investment securities have been in a continuous loss position, follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ Gross (Dollars in thousands) ​ Investment ​ Fair ​ Unrealized December 31, 2021 Positions Value Losses Securities available for sale: ​ ​ Continuous loss position less than 12 months: ​ ​ Agency MBS ​ 4 ​ $ 7,964 ​ $ 113 Agency CMO ​ 4 ​ ​ 4,792 ​ ​ 46 Municipal obligations 3 ​ ​ 2,452 ​ ​ 22 Total less than 12 months ​ 11 ​ ​ 15,208 ​ ​ 181 ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous loss position more than 12 months: ​ ​ ​ ​ ​ ​ ​ Agency MBS 1 ​ ​ 879 ​ ​ 22 Agency CMO 8 ​ ​ 12,553 ​ ​ 419 Total more than 12 months 9 ​ ​ 13,432 ​ ​ 441 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities available for sale 20 ​ $ 28,640 ​ $ 622

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2022
Loans and Allowance for Loan Losses
Schedule of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, (In thousands) ​ 2022 ​ 2021 Real estate mortgage loans: ​ ​ One-to-four family residential ​ $ 64,725 ​ $ 64,098 Multi-family residential ​ 11,350 ​ 9,385 Residential construction ​ ​ 1,601 ​ ​ 1,406 Commercial real estate ​ 47,865 ​ 36,678 Commercial real estate construction ​ 3,996 ​ 1,632 Commercial business loans ​ 12,466 ​ 8,804 Consumer loans ​ 2,254 ​ 2,152 Total loans ​ 144,257 ​ 124,155 ​ ​ ​ ​ ​ ​ ​ Deferred loan origination fees and costs, net ​ (131) ​ (64) Allowance for loan losses ​ (1,653) ​ (1,523) ​ ​ ​ ​ ​ ​ ​ Loans, net ​ $ 142,473 ​ $ 122,568
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 September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 64,725 ​ $ 11,350 ​ $ 5,597 ​ $ 47,865 ​ $ 12,466 ​ $ 2,254 ​ $ 144,257 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued interest receivable ​ 159 ​ 17 ​ ​ 7 ​ ​ 147 ​ ​ 46 ​ ​ 4 ​ ​ 380 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred loan fees/costs ​ 9 ​ (31) ​ ​ (24) ​ ​ (104) ​ ​ (23) ​ ​ 42 ​ ​ (131) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment in loans ​ $ 64,893 ​ $ 11,336 ​ $ 5,580 ​ $ 47,908 ​ $ 12,489 ​ $ 2,300 ​ $ 144,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans as Evaluated for Impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,145 ​ $ — ​ $ — ​ $ 139 ​ $ 295 ​ $ 7 ​ $ 1,586 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 63,748 ​ 11,336 ​ ​ 5,580 ​ ​ 47,769 ​ ​ 12,194 ​ ​ 2,293 ​ ​ 142,920 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 64,893 ​ $ 11,336 ​ $ 5,580 ​ $ 47,908 ​ $ 12,489 ​ $ 2,300 ​ $ 144,506 ​ The following table provides the components of the Company’s recorded investment in loans at December 31, 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 ​ $ 64,098 ​ $ 9,385 ​ $ 3,038 ​ $ 36,678 ​ $ 8,804 ​ $ 2,152 ​ $ 124,155 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued interest receivable ​ 158 ​ 11 ​ 7 ​ 76 ​ 38 ​ 6 ​ 296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred loan fees/costs ​ 7 ​ (24) ​ (13) ​ (52) ​ (27) ​ 45 ​ (64) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment in loans ​ $ 64,263 ​ $ 9,372 ​ $ 3,032 ​ $ 36,702 ​ $ 8,815 ​ $ 2,203 ​ $ 124,387 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans as Evaluated for Impairment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,041 ​ $ — ​ $ — ​ $ 170 ​ $ 328 ​ $ 3 ​ $ 1,542 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 63,222 ​ 9,372 ​ 3,032 ​ 36,532 ​ 8,487 ​ 2,200 ​ 122,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 64,263 ​ $ 9,372 ​ $ 3,032 ​ $ 36,702 ​ $ 8,815 ​ $ 2,203 ​ $ 124,387
Schedule of analysis of allowance for loan losses	An analysis of the allowance for loan losses as of September 30, 2022 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 ​ $ — ​ $ — ​ $ — ​ $ 18 ​ $ — ​ $ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 719 ​ 112 ​ 17 ​ 593 ​ 140 ​ 33 ​ 1,614 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 740 ​ $ 112 ​ $ 17 ​ $ 593 ​ $ 158 ​ $ 33 ​ $ 1,653 ​ An analysis of the allowance for loan losses as of December 31, 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 ​ $ — ​ $ — ​ $ — ​ $ 19 ​ $ — ​ $ 40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collectively evaluated for impairment ​ 852 ​ 102 ​ 25 ​ 363 ​ 108 ​ 33 ​ 1,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 873 ​ $ 102 ​ $ 25 ​ $ 363 ​ $ 127 ​ $ 33 ​ $ 1,523 ​ An analysis of the changes in the allowance for loan losses for the three months ended September 30, 2022 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 ​ $ 751 ​ $ 112 ​ $ 10 ​ $ 558 ​ $ 109 ​ $ 31 ​ $ 1,571 Provisions ​ (13) ​ ​ — ​ ​ 7 ​ ​ 35 ​ ​ 49 ​ ​ 7 ​ ​ 85 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (8) ​ ​ (8) Recoveries ​ 2 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 740 ​ $ 112 ​ $ 17 ​ $ 593 ​ $ 158 ​ $ 33 ​ $ 1,653 ​ ​ An analysis of the changes in the allowance for loan losses for the nine months ended September 30, 2022 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 ​ $ 873 ​ $ 102 ​ $ 25 ​ $ 363 ​ $ 127 ​ $ 33 ​ $ 1,523 Provisions ​ (138) ​ ​ 10 ​ ​ (8) ​ ​ 230 ​ ​ 31 ​ ​ 10 ​ ​ 135 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (14) ​ ​ (14) Recoveries ​ 5 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 740 ​ $ 112 ​ $ 17 ​ $ 593 ​ $ 158 ​ $ 33 ​ $ 1,653 ​ An analysis of the changes in the allowance for loan losses for the three months ended September 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 ​ $ 999 ​ $ 103 ​ $ 32 ​ $ 312 ​ $ 137 ​ $ 29 ​ $ 1,612 Provisions ​ (73) ​ ​ (4) ​ ​ (7) ​ ​ 56 ​ ​ 21 ​ ​ 7 ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (3) ​ ​ (3) Recoveries ​ 40 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ 42 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 966 ​ $ 99 ​ $ 25 ​ $ 368 ​ $ 158 ​ $ 35 ​ $ 1,651 ​ An analysis of the changes in the allowance for loan losses for the nine months ended September 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 ​ (70) ​ 1 ​ (30) ​ 62 ​ 24 ​ 13 ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ (9) ​ (9) Recoveries ​ 44 ​ — ​ — ​ — ​ 21 ​ 6 ​ 71 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 966 ​ $ 99 ​ $ 25 ​ $ 368 ​ $ 158 ​ $ 35 ​ $ 1,651 ​
Schedule of impaired loans	​ The following table summarizes the Company’s impaired loans as of September 30, 2022 and for the three and nine months ended September 30, 2022. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three- and nine-month periods ended September 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ At September 30, 2022 ​ September 30, 2022 ​ September 30, 2022 ​ ​ 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 ​ $ 876 ​ $ 945 ​ $ — ​ $ 859 ​ $ — ​ $ 788 ​ $ 1 Commercial real estate ​ 73 ​ ​ 73 ​ ​ — ​ ​ 79 ​ ​ 1 ​ ​ 89 ​ ​ 3 Commercial business ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer ​ 7 ​ ​ 7 ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 3 ​ ​ — ​ ​ $ 956 ​ $ 1,025 ​ $ — ​ $ 942 ​ $ 1 ​ $ 880 ​ $ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 269 ​ $ 276 ​ $ 21 ​ $ 269 ​ $ 3 ​ $ 257 ​ $ 9 Commercial real estate ​ 66 ​ ​ 69 ​ ​ — ​ ​ 66 ​ ​ — ​ ​ 67 ​ ​ 2 Commercial business ​ 295 ​ ​ 295 ​ ​ 18 ​ ​ 302 ​ ​ 4 ​ ​ 314 ​ ​ 12 Consumer ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 630 ​ $ 640 ​ $ 39 ​ $ 637 ​ $ 7 ​ $ 638 ​ $ 23 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,145 ​ $ 1,221 ​ $ 21 ​ $ 1,128 ​ $ 3 ​ $ 1,045 ​ $ 10 Commercial real estate ​ 139 ​ ​ 142 ​ ​ — ​ ​ 145 ​ ​ 1 ​ ​ 156 ​ ​ 5 Commercial business ​ 295 ​ ​ 295 ​ ​ 18 ​ ​ 302 ​ ​ 4 ​ ​ 314 ​ ​ 12 Consumer ​ 7 ​ ​ 7 ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 3 ​ ​ — ​ ​ $ 1,586 ​ $ 1,665 ​ $ 39 ​ $ 1,579 ​ $ 8 ​ $ 1,518 ​ $ 27 ​ The following table summarizes the Company’s impaired loans for the three- and nine-month periods ended September 30, 2021. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three- and nine-month periods ended September 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, 2021 ​ September 30, 2021 ​ 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 ​ $ 785 ​ $ 1 ​ $ 964 ​ $ 2 Commercial real estate ​ 123 ​ ​ 1 ​ 105 ​ ​ 3 Commercial business ​ — ​ ​ — ​ 6 ​ ​ — ​ ​ $ 908 ​ $ 2 ​ $ 1,075 ​ $ 5 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 220 ​ $ 2 ​ $ 228 ​ $ 7 Commercial real estate ​ 123 ​ ​ 2 ​ 153 ​ ​ 5 Commercial business ​ 343 ​ ​ 4 ​ 352 ​ ​ 14 ​ ​ $ 686 ​ $ 8 ​ $ 733 ​ $ 26 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,005 ​ $ 3 ​ $ 1,192 ​ $ 9 Commercial real estate ​ 246 ​ ​ 3 ​ 258 ​ ​ 8 Commercial business ​ 343 ​ ​ 4 ​ 358 ​ ​ 14 ​ ​ $ 1,594 ​ $ 10 ​ $ 1,808 ​ $ 31 ​ The following table summarizes the Company’s impaired loans as of December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Investment Balance Allowance ​ ​ (In thousands) Loans with no related allowance recorded: ​ ​ ​ One-to-four family residential ​ $ 822 ​ $ 905 ​ $ — Commercial real estate ​ 102 ​ 102 ​ — Commercial business ​ — ​ — ​ — Consumer ​ 3 ​ 3 ​ — ​ ​ $ 927 ​ $ 1,010 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with an allowance recorded: ​ ​ ​ ​ ​ One-to-four family residential ​ $ 219 ​ $ 218 ​ $ 21 Commercial real estate ​ 68 ​ 72 ​ — Commercial business ​ 328 ​ 328 ​ 19 Consumer ​ — ​ — ​ — ​ ​ $ 615 ​ $ 618 ​ $ 40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 1,041 ​ $ 1,123 ​ $ 21 Commercial real estate ​ 170 ​ 174 ​ — Commercial business ​ 328 ​ 328 ​ 19 Consumer ​ 3 ​ 3 ​ — ​ ​ $ 1,542 ​ $ 1,628 ​ $ 40 ​
Schedule of recorded investment in nonperforming loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2022 ​ At December 31, 2021 ​ ​ ​ ​ ​ 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 ​ $ 845 ​ $ — $ 845 $ 735 $ — $ 735 Commercial real estate ​ 4 ​ — ​ 4 ​ 15 ​ — ​ 15 Consumer ​ 8 ​ — ​ 8 ​ 3 ​ — ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 857 ​ $ — ​ $ 857 ​ $ 753 ​ $ — ​ $ 753
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) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 540 ​ $ 252 ​ $ 78 ​ $ 870 ​ $ 64,023 ​ $ 64,893 Multi-family residential ​ — ​ — ​ — ​ — ​ 11,336 ​ 11,336 Construction ​ — ​ — ​ — ​ — ​ 5,580 ​ 5,580 Commercial real estate ​ — ​ — ​ — ​ — ​ 47,908 ​ 47,908 Commercial business ​ — ​ — ​ — ​ — ​ 12,489 ​ 12,489 Consumer ​ — ​ — ​ — ​ — ​ 2,300 ​ 2,300 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 540 ​ $ 252 ​ $ 78 ​ $ 870 ​ $ 143,636 ​ $ 144,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One-to-four family residential ​ $ 545 ​ $ 248 ​ $ 57 ​ $ 850 ​ $ 63,413 ​ $ 64,263 Multi-family residential ​ — ​ — ​ — ​ — ​ 9,372 ​ 9,372 Construction ​ — ​ — ​ — ​ — ​ 3,032 ​ 3,032 Commercial real estate ​ 451 ​ — ​ — ​ 451 ​ 36,251 ​ 36,702 Commercial business ​ — ​ — ​ — ​ — ​ 8,815 ​ 8,815 Consumer ​ — ​ — ​ 3 ​ 3 ​ 2,200 ​ 2,203 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 996 ​ $ 248 ​ $ 60 ​ $ 1,304 ​ $ 123,083 ​ $ 124,387
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) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 64,048 ​ $ 11,336 ​ $ 5,580 ​ $ 47,904 ​ $ 12,489 ​ $ 2,293 ​ $ 143,650 Special mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 845 ​ — ​ — ​ 4 ​ — ​ 7 ​ 856 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 64,893 ​ $ 11,336 ​ $ 5,580 ​ $ 47,908 ​ $ 12,489 ​ $ 2,300 ​ $ 144,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 63,399 ​ $ 9,372 ​ $ 3,032 ​ $ 36,593 ​ $ 8,815 ​ $ 2,200 ​ $ 123,411 Special mention ​ — ​ — ​ — ​ 87 ​ — ​ — ​ 87 Substandard ​ 864 ​ — ​ — ​ 22 ​ — ​ 3 ​ 889 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Loss ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 64,263 ​ $ 9,372 ​ $ 3,032 ​ $ 36,702 ​ $ 8,815 ​ $ 2,203 ​ $ 124,387
Schedule of TDRs by accrual status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ Related ​ ​ ​ ​ ​ ​ Related ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for ​ ​ Accruing ​ Nonaccrual ​ Total ​ Loan Losses ​ Accruing ​ Nonaccrual ​ Total ​ Loan Losses ​ ​ (In thousands) One-to-four family residential ​ $ 300 ​ $ 88 ​ $ 388 ​ $ 21 ​ $ 306 ​ $ 101 ​ $ 407 ​ $ 21 Commercial real estate ​ 135 ​ — ​ 135 ​ — ​ 155 ​ — ​ 155 ​ — Commercial business ​ 295 ​ — ​ 295 ​ 18 ​ 328 ​ — ​ 328 ​ 19 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 730 ​ $ 88 ​ $ 818 ​ $ 39 ​ $ 789 ​ $ 101 ​ $ 890 ​ $ 40

Advances from Federal Home Lo_2

Advances from Federal Home Loan Bank (Tables)	9 Months Ended
	Sep. 30, 2022
Advances from Federal Home Loan Bank
Schedule of federal home loan bank	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, September 30, ​ 2022 2021 2022 2021 ​ ​ (Dollars in thousands) ​ Outstanding at period-end ​ $ 31,000 ​ $ — ​ $ 31,000 ​ $ — ​ Average amount outstanding ​ ​ 28,125 ​ ​ — ​ ​ 12,438 ​ ​ — ​ Maximum amount outstanding at any month-end ​ ​ 31,000 ​ ​ — ​ ​ 31,000 ​ ​ — ​ Weighted average interest rate: ​ ​ ​ ​ ​ ​ ​ ​ ​ During period ​ ​ 2.36 % ​ — % ​ 2.00 % ​ — % End of period ​ ​ 3.03 % ​ — % ​ 3.03 % ​ — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, September 30, ​ 2022 2021 2022 2021 ​ ​ (Dollars in thousands) ​ Outstanding at period-end ​ $ — ​ $ — ​ $ — ​ $ — ​ Average amount outstanding ​ ​ — ​ ​ — ​ ​ 264 ​ ​ — ​ Maximum amount outstanding at any month-end ​ ​ — ​ ​ — ​ ​ 3,566 ​ ​ — ​ Weighted average interest rate: ​ ​ ​ ​ ​ ​ ​ ​ ​ During period ​ ​ — % ​ — % ​ 1.70 % ​ — % End of period ​ ​ — % ​ — % ​ — % ​ — % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Supplemental Disclosure for E_2

Supplemental Disclosure for Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Supplemental Disclosure for Earnings Per Share
Schedule of supplemental disclosure for earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ September 30, September 30, ​ 2022 2021 2022 2021 ​ ​ (Dollars in thousands, except per share data) Basic ​ ​ ​ ​ Earnings: ​ ​ ​ ​ Net income ​ $ 512 ​ $ 456 ​ $ 1,505 ​ $ 1,231 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares: ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ 2,679,500 ​ 2,875,547 ​ 2,737,396 ​ 2,935,796 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per common share, basic ​ $ 0.19 ​ $ 0.16 ​ $ 0.55 ​ $ 0.42 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ Earnings: ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 512 ​ $ 456 ​ $ 1,505 ​ $ 1,231 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ 2,679,500 ​ 2,875,547 ​ 2,737,396 ​ 2,935,796 Add: Dilutive effect of stock options ​ 242 ​ 5,000 ​ 251 ​ 4,039 Add: Dilutive effect of restricted stock ​ 5,467 ​ 7,627 ​ 3,565 ​ 5,512 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding, as adjusted ​ 2,685,209 ​ 2,888,174 ​ 2,741,212 ​ 2,945,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income per common share, diluted ​ $ 0.19 ​ $ 0.16 ​ $ 0.55 ​ $ 0.42

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2022
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 98,584 $ 13.42 ​ ​ ​ ​ ​ Granted — ​ ​ — ​ ​ ​ ​ ​ Exercised (7,869) ​ ​ 13.11 ​ ​ ​ ​ ​ Forfeited or expired (16,844) ​ ​ 13.53 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at end of period 73,871 $ 13.43 ​ 7.3 $ 7,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and expected to vest 73,871 $ 13.43 ​ 7.3 $ 7,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of period 42,871 $ 13.33 ​ 7.2 $ 6,000 ​
Schedule of nonvested restricted shares activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number ​ Average ​ ​ of ​ Grant-Date ​ Shares Fair Value Nonvested at beginning of year 32,578 $ 14.53 Granted — ​ ​ — Vested — ​ ​ — Forfeited (450) ​ ​ 14.74 ​ ​ ​ ​ ​ ​ Nonvested at end of period 32,128 $ 14.52

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
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) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Agency MBS ​ $ — ​ $ 11,495 ​ $ — ​ $ 11,495 Agency CMO ​ — ​ 19,671 ​ — ​ 19,671 U.S. Treasury securities ​ ​ — ​ ​ 9,416 ​ ​ — ​ ​ 9,416 U.S. Government agency obligations ​ ​ — ​ ​ 1,818 ​ ​ — ​ ​ 1,818 Municipal obligations ​ — ​ 61,284 ​ — ​ 61,284 Total securities available for sale ​ $ — ​ $ 103,684 ​ $ — ​ $ 103,684 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets Measured on a Recurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale: ​ ​ ​ ​ Agency MBS ​ $ — ​ $ 11,853 ​ $ — ​ $ 11,853 Agency CMO ​ — ​ 23,778 ​ — ​ 23,778 Municipal obligations ​ — ​ 71,662 ​ — ​ 71,662 Total securities available for sale ​ $ — ​ $ 107,293 ​ $ — ​ $ 107,293 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of estimated fair values of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using ​ Value Level 1 Level 2 Level 3 ​ ​ (In thousands) September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ Cash and cash equivalents ​ $ 4,010 ​ $ 4,010 ​ $ — ​ $ — Securities available for sale ​ 103,684 ​ — ​ 103,684 ​ — Securities held to maturity ​ 18 ​ — ​ 18 ​ — Loans, net ​ 142,473 ​ — ​ — ​ 136,459 FHLB stock ​ 1,778 ​ N/A ​ N/A ​ N/A Accrued interest receivable ​ 1,080 ​ — ​ 1,080 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Noninterest-bearing deposits ​ ​ 27,565 ​ ​ 27,565 ​ ​ — ​ ​ — Interest-bearing deposits ​ ​ 174,250 ​ ​ — ​ ​ — ​ ​ 172,445 Advance from FHLB ​ ​ 31,000 ​ ​ — ​ ​ 31,000 ​ ​ — Accrued interest payable ​ ​ 31 ​ ​ — ​ ​ 31 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 16,379 ​ $ 16,379 ​ $ — ​ $ — Securities available for sale ​ 107,293 ​ — ​ 107,293 ​ — Securities held to maturity ​ 21 ​ — ​ 21 ​ — Loans, net ​ 122,568 ​ — ​ — ​ 123,158 FHLB stock ​ 778 ​ N/A ​ N/A ​ N/A Accrued interest receivable ​ 997 ​ — ​ 997 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Noninterest-bearing deposits ​ 28,602 ​ 28,602 ​ — ​ — Interest-bearing deposits ​ 168,282 ​ — ​ — ​ 168,168 Advance from FHLB ​ ​ 10,000 ​ ​ — ​ ​ 10,162 ​ ​ — Accrued interest payable ​ ​ 11 ​ ​ — ​ ​ 11 ​ ​ —

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contracts with Customers
Summary of revenue from contracts with customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2022 ​ 2021 ​ 2022 2021 ​ ​ (In thousands) Deposit account service charges ​ $ 100 ​ $ 87 ​ $ 271 ​ $ 207 Brokered loan fees ​ ​ 25 ​ ​ 48 ​ 126 ​ ​ 199 ATM and debit card fee income ​ ​ 144 ​ ​ 138 ​ 432 ​ ​ 412 Other income ​ ​ 4 ​ ​ 7 ​ 9 ​ ​ 12 Revenue from contracts with customers ​ ​ 273 ​ ​ 280 ​ 838 ​ ​ 830 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase in cash surrender value of life insurance ​ ​ 14 ​ ​ 16 ​ 43 ​ ​ 47 Gain on life insurance ​ ​ — ​ ​ — ​ ​ 36 ​ ​ — Other income ​ ​ 8 ​ ​ 5 ​ 27 ​ ​ 23 Other noninterest income ​ ​ 22 ​ ​ 21 ​ 106 ​ ​ 70 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total noninterest income ​ $ 295 ​ $ 301 ​ $ 944 ​ $ 900

Investment Securities - Availab

Investment Securities - Available of sale (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities available for sale:
Amortized Cost	$ 120,931	$ 104,503
Gross Unrealized Gains	5	3,412
Gross Unrealized Losses	17,252	622
Fair Value	103,684	107,293
Agency MBS
Securities available for sale:
Amortized Cost	13,585	11,941
Gross Unrealized Gains		47
Gross Unrealized Losses	2,090	135
Fair Value	11,495	11,853
Agency CMO
Securities available for sale:
Amortized Cost	21,805	24,196
Gross Unrealized Gains	2	47
Gross Unrealized Losses	2,136	465
Fair Value	19,671	23,778
MBS and CMO
Securities available for sale:
Amortized Cost	35,390	36,137
Gross Unrealized Gains	2	94
Gross Unrealized Losses	4,226	600
Fair Value	31,166	35,631
U.S. Treasury securities
Securities available for sale:
Amortized Cost	9,837
Gross Unrealized Losses	421
Fair Value	9,416
U.S. Government agency obligations
Securities available for sale:
Amortized Cost	1,996
Gross Unrealized Losses	178
Fair Value	1,818
Municipal obligations
Securities available for sale:
Amortized Cost	73,708	68,366
Gross Unrealized Gains	3	3,318
Gross Unrealized Losses	12,427	22
Fair Value	$ 61,284	$ 71,662

Investment Securities - Held to

Investment Securities - Held to maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities held to maturity:
Amortized Cost	$ 18	$ 21
Fair Value	18	21
Agency MBS
Securities held to maturity:
Amortized Cost	18	21
Fair Value	$ 18	$ 21

Investment Securities - Amortiz

Investment Securities - Amortized cost and fair value of debt securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Available for Sale Amortized Cost
Due in one year or less, Amortized Cost	$ 2,270
Due after one year through five years, Amortized Cost	14,717
Due after five years through ten years, Amortized Cost	5,451
Due after ten years, Amortized Cost	63,103
Available for Sale, Amortized Cost	85,541
Amortized Cost	120,931	$ 104,503
Available for Sale Fair Value
Due in one year or less, Fair Value	2,229
Due after one year through five years, Fair Value	14,042
Due after five years through ten years, Fair Value	5,132
Due after ten years, Fair Value	51,115
Available for Sale, Fair value	72,518
Fair Value	103,684	107,293
MBS and CMO
Available for Sale Amortized Cost
Amortized Cost	35,390	36,137
Available for Sale Fair Value
Fair Value	$ 31,166	$ 35,631

Investment Securities - Contrac

Investment Securities - Contractual maturity of held to maturity securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Held to Maturity, Amortized Cost
Amortized Cost	$ 18	$ 21
Held to Maturity, Fair Value
Fair Value	18	$ 21
MBS and CMO
Held to Maturity, Amortized Cost
Amortized Cost	18
Held to Maturity, Fair Value
Fair Value	$ 18

Investment Securities - Investm

Investment Securities - Investment securities available for sale with gross unrealized loss (Details) $ in Thousands	Sep. 30, 2022 USD ($) position	Dec. 31, 2021 USD ($) position
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	143	11
Continuous loss position less than 12 months: Fair Value	$ 81,137	$ 15,208
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 13,246	$ 181
Continuous loss position more than 12 months: Number of Investment Positions | position	18	9
Continuous loss position more than 12 months: Fair Value	$ 19,930	$ 13,432
Continuous loss position more than 12 months: Gross Unrealized Losses	$ 4,006	$ 441
Total securities available for sale: Number of Investment Positions | position	161	20
Total securities available for sale: Fair Value	$ 101,067	$ 28,640
Total securities available for sale: Gross Unrealized Losses	$ 17,252	$ 622
U.S. Treasury securities
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	6
Continuous loss position less than 12 months: Fair Value	$ 9,417
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 421
Agency MBS
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	8	4
Continuous loss position less than 12 months: Fair Value	$ 4,765	$ 7,964
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 650	$ 113
Continuous loss position more than 12 months: Number of Investment Positions | position	5	1
Continuous loss position more than 12 months: Fair Value	$ 6,730	$ 879
Continuous loss position more than 12 months: Gross Unrealized Losses	$ 1,440	$ 22
Agency CMO
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	10	4
Continuous loss position less than 12 months: Fair Value	$ 6,763	$ 4,792
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 273	$ 46
Continuous loss position more than 12 months: Number of Investment Positions | position	10	8
Continuous loss position more than 12 months: Fair Value	$ 11,472	$ 12,553
Continuous loss position more than 12 months: Gross Unrealized Losses	$ 1,863	$ 419
U.S. Government agency obligations
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	1
Continuous loss position less than 12 months: Fair Value	$ 1,818
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 178
Municipal obligations
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	118	3
Continuous loss position less than 12 months: Fair Value	$ 58,374	$ 2,452
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 11,724	$ 22
Continuous loss position more than 12 months: Number of Investment Positions | position	3
Continuous loss position more than 12 months: Fair Value	$ 1,728
Continuous loss position more than 12 months: Gross Unrealized Losses	$ 703

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Investment Securities
Debt securities held to maturity with unrealized loss	$ 0		$ 0
Debt securities available for sale in a loss position as a percentage of total available for sale securities	97.50%		97.50%
Realized gross gain loss	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Loans and Allowance for Loan Losses
Loans	$ 144,257		$ 124,155
Deferred loan origination fees and costs, net	(131)		(64)
Allowance for loan losses	(1,653)	$ (1,571)	(1,523)	$ (1,651)	$ (1,612)	$ (1,589)
Financing Receivable, after Allowance for Credit Loss, Total	142,473		122,568
Construction
Loans and Allowance for Loan Losses
Loans	5,597		3,038
Deferred loan origination fees and costs, net	(24)		(13)
Allowance for loan losses	(17)	(10)	(25)	(25)	(32)	(55)
Residential real estate | One-to-four family residential
Loans and Allowance for Loan Losses
Loans	64,725		64,098
Deferred loan origination fees and costs, net	9		7
Allowance for loan losses	(740)	(751)	(873)	(966)	(999)	(992)
Residential real estate | Multi-family residential
Loans and Allowance for Loan Losses
Loans	11,350		9,385
Deferred loan origination fees and costs, net	(31)		(24)
Allowance for loan losses	(112)	(112)	(102)	(99)	(103)	(98)
Residential real estate | Construction
Loans and Allowance for Loan Losses
Loans	1,601		1,406
Commercial real estate
Loans and Allowance for Loan Losses
Loans	47,865		36,678
Deferred loan origination fees and costs, net	(104)		(52)
Allowance for loan losses	(593)	(558)	(363)	(368)	(312)	(306)
Commercial real estate | Construction
Loans and Allowance for Loan Losses
Loans	3,996		1,632
Commercial business
Loans and Allowance for Loan Losses
Loans	12,466		8,804
Deferred loan origination fees and costs, net	(23)		(27)
Allowance for loan losses	(158)	(109)	(127)	(158)	(137)	(113)
Consumer
Loans and Allowance for Loan Losses
Loans	2,254		2,152
Deferred loan origination fees and costs, net	42		45
Allowance for loan losses	$ (33)	$ (31)	$ (33)	$ (35)	$ (29)	$ (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	Sep. 30, 2022	Dec. 31, 2021
Recorded Investment in Loans:
Principal loan balance	$ 144,257	$ 124,155
Accrued interest receivable	380	296
Deferred loan origination fees and costs, net	(131)	(64)
Recorded investment in loans	144,506	124,387
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	1,586	1,542
Collectively evaluated for impairment	142,920	122,845
Total Loans	144,506	124,387
Construction
Recorded Investment in Loans:
Principal loan balance	5,597	3,038
Accrued interest receivable	7	7
Deferred loan origination fees and costs, net	(24)	(13)
Recorded investment in loans	5,580	3,032
Recorded Investment in Loans as Evaluated for Impairment:
Collectively evaluated for impairment	5,580	3,032
Total Loans	5,580	3,032
Residential real estate | One-to-four family residential
Recorded Investment in Loans:
Principal loan balance	64,725	64,098
Accrued interest receivable	159	158
Deferred loan origination fees and costs, net	9	7
Recorded investment in loans	64,893	64,263
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	1,145	1,041
Collectively evaluated for impairment	63,748	63,222
Total Loans	64,893	64,263
Residential real estate | Multi-family residential
Recorded Investment in Loans:
Principal loan balance	11,350	9,385
Accrued interest receivable	17	11
Deferred loan origination fees and costs, net	(31)	(24)
Recorded investment in loans	11,336	9,372
Recorded Investment in Loans as Evaluated for Impairment:
Collectively evaluated for impairment	11,336	9,372
Total Loans	11,336	9,372
Residential real estate | Construction
Recorded Investment in Loans:
Principal loan balance	1,601	1,406
Commercial real estate
Recorded Investment in Loans:
Principal loan balance	47,865	36,678
Accrued interest receivable	147	76
Deferred loan origination fees and costs, net	(104)	(52)
Recorded investment in loans	47,908	36,702
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	139	170
Collectively evaluated for impairment	47,769	36,532
Total Loans	47,908	36,702
Commercial real estate | Construction
Recorded Investment in Loans:
Principal loan balance	3,996	1,632
Commercial business
Recorded Investment in Loans:
Principal loan balance	12,466	8,804
Accrued interest receivable	46	38
Deferred loan origination fees and costs, net	(23)	(27)
Recorded investment in loans	12,489	8,815
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	295	328
Collectively evaluated for impairment	12,194	8,487
Total Loans	12,489	8,815
Consumer
Recorded Investment in Loans:
Principal loan balance	2,254	2,152
Accrued interest receivable	4	6
Deferred loan origination fees and costs, net	42	45
Recorded investment in loans	2,300	2,203
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	7	3
Collectively evaluated for impairment	2,293	2,200
Total Loans	$ 2,300	$ 2,203

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Analysis of allowance for loan losses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Loans and Allowance for Loan Losses
Individually evaluated for impairment	$ 39		$ 40
Collectively evaluated for impairment	1,614		1,483
Ending balance	1,653	$ 1,571	1,523	$ 1,651	$ 1,612	$ 1,589
Construction
Loans and Allowance for Loan Losses
Collectively evaluated for impairment	17		25
Ending balance	17	10	25	25	32	55
Residential real estate | One-to-four family residential
Loans and Allowance for Loan Losses
Individually evaluated for impairment	21		21
Collectively evaluated for impairment	719		852
Ending balance	740	751	873	966	999	992
Residential real estate | Multi-family residential
Loans and Allowance for Loan Losses
Collectively evaluated for impairment	112		102
Ending balance	112	112	102	99	103	98
Commercial real estate
Loans and Allowance for Loan Losses
Collectively evaluated for impairment	593		363
Ending balance	593	558	363	368	312	306
Commercial business
Loans and Allowance for Loan Losses
Individually evaluated for impairment	18		19
Collectively evaluated for impairment	140		108
Ending balance	158	109	127	158	137	113
Consumer
Loans and Allowance for Loan Losses
Collectively evaluated for impairment	33		33
Ending balance	$ 33	$ 31	$ 33	$ 35	$ 29	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Allowance for Loan Losses:
Beginning balance	$ 1,571	$ 1,612	$ 1,523	$ 1,589
Provision for loan losses	85		135
Charge-offs	(8)	(3)	(14)	(9)
Recoveries	5	42	9	71
Ending balance	1,653	1,651	1,653	1,651
Construction
Allowance for Loan Losses:
Beginning balance	10	32	25	55
Provision for loan losses	7	(7)	(8)	(30)
Ending balance	17	25	17	25
Residential real estate | One-to-four family residential
Allowance for Loan Losses:
Beginning balance	751	999	873	992
Provision for loan losses	(13)	(73)	(138)	(70)
Recoveries	2	40	5	44
Ending balance	740	966	740	966
Residential real estate | Multi-family residential
Allowance for Loan Losses:
Beginning balance	112	103	102	98
Provision for loan losses		(4)	10	1
Ending balance	112	99	112	99
Commercial real estate
Allowance for Loan Losses:
Beginning balance	558	312	363	306
Provision for loan losses	35	56	230	62
Ending balance	593	368	593	368
Commercial business
Allowance for Loan Losses:
Beginning balance	109	137	127	113
Provision for loan losses	49	21	31	24
Recoveries				21
Ending balance	158	158	158	158
Consumer
Allowance for Loan Losses:
Beginning balance	31	29	33	25
Provision for loan losses	7	7	10	13
Charge-offs	(8)	(3)	(14)	(9)
Recoveries	3	2	4	6
Ending balance	$ 33	$ 35	$ 33	$ 35

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Loans with no related allowance recorded:
Recorded Investment	$ 956		$ 956		$ 927
Unpaid Principal Balance	1,025		1,025		1,010
Average Recorded Investment	942	$ 908	880	$ 1,075
Interest Income Recognized	1	2	4	5
Loans with an allowance recorded:
Recorded Investment	630		630		615
Unpaid Principal Balance	640		640		618
Related Allowance	39		39		40
Average Recorded Investment	637	686	638	733
Interest Income Recognized	7	8	23	26
Total Recorded Investment	1,586		1,586		1,542
Total Unpaid Principal Balance	1,665		1,665		1,628
Total Related Allowance	39		39		40
Total Average Recorded Investment	1,579	1,594	1,518	1,808
Total Interest Income Recognized	8	10	27	31
Residential real estate | One-to-four family residential
Loans with no related allowance recorded:
Recorded Investment	876		876		822
Unpaid Principal Balance	945		945		905
Average Recorded Investment	859	785	788	964
Interest Income Recognized		1	1	2
Loans with an allowance recorded:
Recorded Investment	269		269		219
Unpaid Principal Balance	276		276		218
Related Allowance	21		21		21
Average Recorded Investment	269	220	257	228
Interest Income Recognized	3	2	9	7
Total Recorded Investment	1,145		1,145		1,041
Total Unpaid Principal Balance	1,221		1,221		1,123
Total Related Allowance	21		21		21
Total Average Recorded Investment	1,128	1,005	1,045	1,192
Total Interest Income Recognized	3	3	10	9
Commercial real estate
Loans with no related allowance recorded:
Recorded Investment	73		73		102
Unpaid Principal Balance	73		73		102
Average Recorded Investment	79	123	89	105
Interest Income Recognized	1	1	3	3
Loans with an allowance recorded:
Recorded Investment	66		66		68
Unpaid Principal Balance	69		69		72
Average Recorded Investment	66	123	67	153
Interest Income Recognized		2	2	5
Total Recorded Investment	139		139		170
Total Unpaid Principal Balance	142		142		174
Total Average Recorded Investment	145	246	156	258
Total Interest Income Recognized	1	3	5	8
Commercial business
Loans with no related allowance recorded:
Average Recorded Investment				6
Loans with an allowance recorded:
Recorded Investment	295		295		328
Unpaid Principal Balance	295		295		328
Related Allowance	18		18		19
Average Recorded Investment	302	343	314	352
Interest Income Recognized	4	4	12	14
Total Recorded Investment	295		295		328
Total Unpaid Principal Balance	295		295		328
Total Related Allowance	18		18		19
Total Average Recorded Investment	302	343	314	358
Total Interest Income Recognized	4	$ 4	12	$ 14
Consumer
Loans with no related allowance recorded:
Recorded Investment	7		7		3
Unpaid Principal Balance	7		7		3
Average Recorded Investment	4		3
Loans with an allowance recorded:
Total Recorded Investment	7		7		3
Total Unpaid Principal Balance	7		7		$ 3
Total Average Recorded Investment	$ 4		$ 3

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	Sep. 30, 2022	Dec. 31, 2021
Loans and Allowance for Loan Losses
Nonaccrual Loans	$ 857	$ 753
Total Nonperforming Loans	857	753
Residential real estate | One-to-four family residential
Loans and Allowance for Loan Losses
Nonaccrual Loans	845	735
Total Nonperforming Loans	845	735
Commercial real estate
Loans and Allowance for Loan Losses
Nonaccrual Loans	4	15
Total Nonperforming Loans	4	15
Consumer
Loans and Allowance for Loan Losses
Nonaccrual Loans	8	3
Total Nonperforming Loans	$ 8	$ 3

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Aging of recorded investment in loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Loans and Allowance for Loan Losses
Loans	$ 144,257	$ 124,155
Total Loans	144,506	124,387
Total past due
Loans and Allowance for Loan Losses
Loans	870	1,304
30-59 Days Past Due
Loans and Allowance for Loan Losses
Loans	540	996
60-89 Days Past Due
Loans and Allowance for Loan Losses
Loans	252	248
Over 90 Days Past Due
Loans and Allowance for Loan Losses
Loans	78	60
Current
Loans and Allowance for Loan Losses
Loans	143,636	123,083
Construction
Loans and Allowance for Loan Losses
Loans	5,597	3,038
Total Loans	5,580	3,032
Construction | Current
Loans and Allowance for Loan Losses
Loans	5,580	3,032
Residential real estate | One-to-four family residential
Loans and Allowance for Loan Losses
Loans	64,725	64,098
Total Loans	64,893	64,263
Residential real estate | One-to-four family residential | Total past due
Loans and Allowance for Loan Losses
Loans	870	850
Residential real estate | One-to-four family residential | 30-59 Days Past Due
Loans and Allowance for Loan Losses
Loans	540	545
Residential real estate | One-to-four family residential | 60-89 Days Past Due
Loans and Allowance for Loan Losses
Loans	252	248
Residential real estate | One-to-four family residential | Over 90 Days Past Due
Loans and Allowance for Loan Losses
Loans	78	57
Residential real estate | One-to-four family residential | Current
Loans and Allowance for Loan Losses
Loans	64,023	63,413
Residential real estate | Multi-family residential
Loans and Allowance for Loan Losses
Loans	11,350	9,385
Total Loans	11,336	9,372
Residential real estate | Multi-family residential | Current
Loans and Allowance for Loan Losses
Loans	11,336	9,372
Residential real estate | Construction
Loans and Allowance for Loan Losses
Loans	1,601	1,406
Commercial real estate
Loans and Allowance for Loan Losses
Loans	47,865	36,678
Total Loans	47,908	36,702
Commercial real estate | Total past due
Loans and Allowance for Loan Losses
Loans		451
Commercial real estate | 30-59 Days Past Due
Loans and Allowance for Loan Losses
Loans		451
Commercial real estate | Current
Loans and Allowance for Loan Losses
Loans	47,908	36,251
Commercial real estate | Construction
Loans and Allowance for Loan Losses
Loans	3,996	1,632
Commercial business
Loans and Allowance for Loan Losses
Loans	12,466	8,804
Total Loans	12,489	8,815
Commercial business | Current
Loans and Allowance for Loan Losses
Loans	12,489	8,815
Consumer
Loans and Allowance for Loan Losses
Loans	2,254	2,152
Total Loans	2,300	2,203
Consumer | Total past due
Loans and Allowance for Loan Losses
Loans		3
Consumer | Over 90 Days Past Due
Loans and Allowance for Loan Losses
Loans		3
Consumer | Current
Loans and Allowance for Loan Losses
Loans	$ 2,300	$ 2,200

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Recorded investment in loans by risk category (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 144,506	$ 124,387
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	143,650	123,411
Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans		87
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	856	889
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	5,580	3,032
Construction | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	5,580	3,032
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	64,893	64,263
Residential real estate | One-to-four family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	64,048	63,399
Residential real estate | One-to-four family residential | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	845	864
Residential real estate | Multi-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	11,336	9,372
Residential real estate | Multi-family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	11,336	9,372
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	47,908	36,702
Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	47,904	36,593
Commercial real estate | Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans		87
Commercial real estate | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	4	22
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	12,489	8,815
Commercial business | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	12,489	8,815
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	2,300	2,203
Consumer | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	2,293	2,200
Consumer | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 7	$ 3

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Troubled Debt Restructuring by accrual status (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Loans and Allowance for Loan Losses
Accruing	$ 730	$ 789
Nonaccrual	88	101
Total	818	890
Related Allowance for Loan Losses	39	40
Residential real estate | One-to-four family residential
Loans and Allowance for Loan Losses
Accruing	300	306
Nonaccrual	88	101
Total	388	407
Related Allowance for Loan Losses	21	21
Commercial real estate
Loans and Allowance for Loan Losses
Accruing	135	155
Total	135	155
Commercial business
Loans and Allowance for Loan Losses
Accruing	295	328
Total	295	328
Related Allowance for Loan Losses	$ 18	$ 19

Loans and Allowance for Loan_12

Loans and Allowance for Loan Losses - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) contract loan	Sep. 30, 2021 USD ($) contract	Sep. 30, 2022 USD ($) contract loan	Sep. 30, 2021 USD ($) contract	Dec. 31, 2021 USD ($)
Loans and Allowance for Loan Losses
Appraisals or valuations obtained above threshold amount	$ 100,000		$ 100,000
Foreclosure in process					$ 19,000
Outstanding principal	0	$ 0	0	$ 0
Commitments to lend additional funds to debtors	0		0		$ 0
Loans charged-off	0	0	0	0
Allowance for credit loss	$ 0	$ 0	$ 0	$ 0
Number of contracts in default | contract	0	0	0	0
Residential real estate properties
Loans and Allowance for Loan Losses
Foreclosure in process	$ 249,000		$ 249,000
Number of loans foreclosure | loan	7		7

Advances from Federal Home Lo_3

Advances from Federal Home Loan Bank (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021	Jul. 27, 2019
Financial Instruments Owned and Pledged as Collateral [Line Items]
Federal home loan bank	$ 31,000	$ 31,000	$ 10,000
Borrowed amount	$ 31,000	$ 31,000	$ 10,000	$ 10,000
Interest rate on FHLB				1.73%
Average term of short-term fixed-rate bullet advances from the FHLB	7 days	7 days
Asset Pledged as Collateral [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Carrying value of mortgage loans pledged as security for advances	$ 59,200	$ 59,200

Advances from Federal Home Lo_4

Advances from Federal Home Loan Bank - Short-term FHLB Advances (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Outstanding at period-end	$ 31,000	$ 31,000	$ 10,000
Utilized amount of line of credit	5,000	5,000
FHLB advances
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Average amount outstanding		264
Maximum amount outstanding at any month-end	3,566	$ 3,566
During period		1.70%
FHLB advances
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Outstanding at period-end	31,000	$ 31,000
Average amount outstanding	28,125	12,438
Maximum amount outstanding at any month-end	$ 31,000	$ 31,000
During period	2.36%	2%
End of period	3.03%	3.03%

Supplemental Disclosure for E_3

Supplemental Disclosure for Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings:
Net income	$ 512	$ 526	$ 467	$ 456	$ 397	$ 378	$ 1,505	$ 1,231
Shares:
Weighted average common shares outstanding	2,679,500			2,875,547			2,737,396	2,935,796
Net income per common share, basic (in dollars per share)	$ 0.19			$ 0.16			$ 0.55	$ 0.42
Earnings:
Net income	$ 512	$ 526	$ 467	$ 456	$ 397	$ 378	$ 1,505	$ 1,231
Shares:
Weighted average common shares outstanding	2,679,500			2,875,547			2,737,396	2,935,796
Add: Dilutive effect of stock options	242			5,000			251	4,039
Add: Dilutive effect of restricted stock	5,467			7,627			3,565	5,512
Weighted average common shares outstanding, as adjusted	2,685,209			2,888,174			2,741,212	2,945,347
Net income per common share, diluted (in dollars per share)	$ 0.19			$ 0.16			$ 0.55	$ 0.42

Supplemental Disclosure for E_4

Supplemental Disclosure for Earnings Per Share - Additional Information (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
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	3,913		4,708
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
ESOP compensation expense	$ 36,000	$ 40,000	$ 112,000	$ 121,000
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	39,847		39,847
Unallocated shares	164,942		164,942
Value of unallocated shares of common stock	$ 2,200,000		$ 2,200,000

Stock-based Compensation Plan_2

Stock-based Compensation Plans - Additional information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2019	Jul. 27, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to nonvested stock options	$ 70,000		$ 70,000
Unrecognized compensation expense to be recognized over a weighted-average period			1 year 4 months 24 days
Unrecognized compensation expense related to nonvested restricted shares			$ 344,000
Weighted average vesting period			2 years 3 months 18 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	12,000	$ 13,000	$ 37,000	$ 39,000
Weighted average vesting period			7 years 3 months 18 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 40,000	$ 30,000	$ 121,000	$ 104,000
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
Awards adjusted for stock options			78,010
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
Awards adjusted for stock options			4,900
2019 Equity Incentive Plan | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock granted			33,100

Stock-based Compensation Plan_3

Stock-based Compensation Plans - Stock option activity (Details)	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Weighted Average Exercise Price
Weighted Average Remaining Contractual Term, options vested and expected to vest	2 years 3 months 18 days
Stock options
Number of shares
Outstanding at beginning of year | shares	98,584
Exercised | shares	(7,869)
Forfeited or expired | shares	(16,844)
Outstanding at end of period | shares	73,871
Vested and expected to vest | shares	73,871
Exercisable at end of period | shares	42,871
Weighted Average Exercise Price
Outstanding at beginning of year | $ / shares	$ 13.42
Exercised | $ / shares	13.11
Forfeited or expired | $ / shares	13.53
Outstanding at end of period | $ / shares	13.43
Vested and expected to vest | $ / shares	13.43
Exercisable at end of period | $ / shares	$ 13.33
Weighted Average Remaining Contractual Term	7 years 3 months 18 days
Weighted Average Remaining Contractual Term, options vested and expected to vest	7 years 3 months 18 days
Weighted Average Remaining Contractual Term, options exercisable	7 years 2 months 12 days
Outstanding shares, Aggregate Intrinsic Value | $	$ 7,000
Vested and expected to vest, Aggregate Intrinsic Value | $	7,000
Exercisable at end of period Aggregate Intrinsic Value | $	$ 6,000

Stock-based Compensation Plan_4

Stock-based Compensation Plans - Nonvested restricted shares activity (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Number of shares
Nonvested at beginning of year | shares	32,578
Forfeited | shares	(450)
Nonvested at end of period | shares	32,128
Weighted Average Grant-Date Fair Value
Nonvested at beginning of year | $ / shares	$ 14.53
Forfeited | $ / shares	14.74
Nonvested at end of period | $ / shares	$ 14.52

Fair Value Measurements - Fair

Fair Value Measurements - Fair value on a recurring and nonrecurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	$ 103,684	$ 107,293
Liabilities measured at fair value	0	0
Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	11,495	11,853
Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	19,671	23,778
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,416
U.S. Government agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	1,818
Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	61,284	71,662
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	103,684	107,293
Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	103,684	107,293
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	11,495	11,853
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	19,671	23,778
Measured on a Recurring Basis | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,416
Measured on a Recurring Basis | U.S. Government agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	1,818
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	61,284	71,662
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	103,684	107,293
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	11,495	11,853
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	19,671	23,778
Measured on a Recurring Basis | Level 2 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,416
Measured on a Recurring Basis | Level 2 | U.S. Government agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	1,818
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	$ 61,284	$ 71,662

Fair Value Measurements - Estim

Fair Value Measurements - Estimated fair values of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets:
Securities available for sale	$ 103,684	$ 107,293
Securities held to maturity	18	21
Carrying value of mortgage loans pledged as security for advances	142,473	122,568
FHLB stock	1,778	778
Financial liabilities:
Noninterest-bearing deposits	27,565	28,602
Interest-bearing deposits	174,250	168,282
Accrued interest payable	31	11
Carrying Value
Financial assets:
Cash and cash equivalents	4,010	16,379
Securities available for sale	103,684	107,293
Securities held to maturity	18	21
Carrying value of mortgage loans pledged as security for advances	142,473	122,568
FHLB stock	1,778	778
Accrued interest receivable	1,080	997
Financial liabilities:
Noninterest-bearing deposits	27,565	28,602
Interest-bearing deposits	174,250	168,282
Advance from FHLB	31,000	10,000
Accrued interest payable	31	11
Level 1
Financial assets:
Cash and cash equivalents	4,010	16,379
Financial liabilities:
Noninterest-bearing deposits		28,602
Level 2
Financial assets:
Securities available for sale	103,684	107,293
Securities held to maturity	18	21
Accrued interest receivable	1,080	997
Financial liabilities:
Advance from FHLB	31,000	10,162
Accrued interest payable	31	11
Level 3
Financial assets:
Carrying value of mortgage loans pledged as security for advances	136,459	123,158
Financial liabilities:
Interest-bearing deposits	$ 172,445	$ 168,168

Fair Value Measurements - Addit

Fair Value Measurements - Additional information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
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 | Real estate held for sale
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Percentage of discount from appraised value	10%		10%		10%
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 273	$ 280	$ 838	$ 830
Increase in cash surrender value of life insurance	14	16	43	47
Gain on life insurance			36
Other income	8	5	27	23
Other noninterest income	22	21	106	70
Total noninterest income	295	301	944	900
Deposit account service charges
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	100	87	271	207
Brokered loan fees.
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	25	48	126	199
ATM and debit card fee income
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	144	138	432	412
Other income
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 4	$ 7	$ 9	$ 12