Rhinebeck Bancorp (RBKB) 10-Q 10 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-38779
Entity Registrant Name	Rhinebeck Bancorp, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	83-2117268
Entity Address, Address Line One	2 Jefferson Plaza
Entity Address, City or Town	Poughkeepsie
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	12601
City Area Code	845
Local Phone Number	454-8555
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	RBKB
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		11,083,897
Entity Central Index Key	0001751783
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 12,322	$ 13,294
Federal funds sold	38,247	14,569
Interest bearing depository accounts	3,379	3,521
Total cash and cash equivalents	53,948	31,384
Available for sale securities (at fair value)		223,659
Available for sale securities (at fair value)	206,854
Loans receivable (net of allowance for credit losses of $8,003 and $7,943, respectively)		994,368
Loans receivable (net of allowance for credit losses of $8,003 and $7,943, respectively)	987,024
Federal Home Loan Bank stock	5,542	3,258
Accrued interest receivable	3,020	4,255
Cash surrender value of life insurance	30,118	29,794
Deferred tax assets (net of valuation allowance of $529 and $450, respectively)	10,746	10,131
Premises and equipment, net	18,197	18,722
Goodwill	2,235	2,235
Intangible assets, net	289	334
Other assets	19,173	17,837
Total assets	1,337,146	1,335,977
Deposits
Non-interest bearing	256,245	283,563
Interest bearing	821,211	846,370
Total deposits	1,077,456	1,129,933
Mortgagors' escrow accounts	13,464	9,732
Advances from the Federal Home Loan Bank	106,450	57,723
Subordinated debt	5,155	5,155
Accrued expenses and other liabilities	27,158	25,302
Total liabilities	1,229,683	1,227,845
Stockholders' Equity
Preferred stock (par value $0.01 per share; 5,000,000 authorized, no shares issued)
Common stock (par value $0.01; authorized 25,000,000; issued and outstanding 11,083,897 and 11,284,565 at June 30, 2023 and December 31, 2022, respectively)	111	113
Additional paid-in capital	45,976	47,075
Unearned common stock held by the employee stock ownership plan	(3,382)	(3,491)
Retained earnings	98,220	96,624
Accumulated other comprehensive loss:
Net unrealized loss on available for sale securities, net of taxes	(29,010)	(28,192)
Defined benefit pension plan, net of taxes	(4,452)	(3,997)
Total accumulated other comprehensive loss	(33,462)	(32,189)
Total stockholders' equity	107,463	108,132
Total liabilities and stockholders' equity	$ 1,337,146	$ 1,335,977

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Consolidated Statements of Financial Condition
Allowance for loan losses		$ 7,943
Allowance for credit losses	$ 8,003	7,943
Deferred tax valuation allowance	$ 529	$ 450
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, share authorized	5,000,000	5,000,000
Preferred Stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	25,000,000	25,000,000
Common Stock, shares issued	11,083,897	11,284,565
Common stock, shares outstanding	11,083,897	11,284,565

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest and Dividend Income
Interest and fees on loans	$ 13,313	$ 10,727	$ 26,708	$ 20,808
Interest and dividends on securities	1,228	968	2,246	1,842
Other income	398	44	587	63
Total interest and dividend income	14,939	11,739	29,541	22,713
Interest Expense
Interest expense on deposits	4,264	766	8,234	1,511
Interest expense on borrowings	1,375	106	2,143	221
Total interest expense	5,639	872	10,377	1,732
Net interest income	9,300	10,867	19,164	20,981
Provision for (reversal of) credit losses		346		567
Provision for (reversal of) credit losses	(452)		562
Net interest income after provision for (reversal of) credit losses	9,752	10,521	18,602	20,414
Non-interest Income
Service charges on deposit accounts	718	706	1,426	1,412
Net realized loss on sales and calls of securities		(162)		(162)
Net gain on sales of loans	52	293	62	693
Increase in cash surrender value of life insurance	164	161	324	318
Gain on disposal of premises and equipment	19		36
Investment advisory income	234	363	543	703
Other	171	142	343	250
Total non-interest income	1,358	1,503	2,734	3,214
Non-interest Expense
Salaries and employee benefits	4,952	5,517	10,192	11,036
Occupancy	1,087	1,199	2,166	2,297
Data processing	506	456	978	942
Professional fees	616	479	982	873
Marketing	143	201	247	318
FDIC deposit insurance and other insurance	354	194	636	376
Amortization of intangible assets	21	24	45	51
Other	1,610	1,415	3,246	2,697
Total non-interest expense	9,289	9,485	18,492	18,590
Income before income taxes	1,821	2,539	2,844	5,038
Provision for income taxes	390	510	615	956
Net income	$ 1,431	$ 2,029	$ 2,229	$ 4,082
Earnings per common share:
Basic	$ 0.13	$ 0.19	$ 0.21	$ 0.38
Diluted	$ 0.13	$ 0.18	$ 0.20	$ 0.37
Weighted average shares outstanding, basic	10,823,598	10,820,802	10,852,563	10,818,075
Weighted average shares outstanding, diluted	10,882,837	10,992,428	10,956,468	11,001,460

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Consolidated Statements of Comprehensive Income (Loss)
Net Income		$ 1,431	$ 2,029	$ 2,229	$ 4,082
Other Comprehensive (Loss) Income:
Unrealized holding losses arising during the period		(3,847)	(7,156)	(1,036)	(21,003)
Reclassification adjustment for gains or losses included in net realized loss on sales and calls of securities on the consolidated statements of income			162		162
Net unrealized losses on available for sale securities		(3,847)	(6,994)	(1,036)	(20,841)
Tax effect	[1]	808	1,469	218	4,377
Unrealized losses on available for sale securities, net of tax		(3,039)	(5,525)	(818)	(16,464)
Defined benefit pension plan:
Actuarial losses arising during the period		(389)	(972)	(389)	(972)
Reclassification adjustment for amortization of net actuarial (gain) loss	[2]	(187)	134	(187)	134
Total		(576)	(838)	(576)	(838)
Tax effect	[3]	121	176	121	176
Defined benefit pension plan losses, net of tax		(455)	(662)	(455)	(662)
Other comprehensive loss:		(3,494)	(6,187)	(1,273)	(17,126)
Total Comprehensive (Loss) Income		$ (2,063)	$ (4,158)	$ 956	$ (13,044)
[1] Includes $0 for both the three and six months ended June 30, 2023 and $34 for the three and six months ended June 30, 2022, for tax effect of realized gains or losses which are included in the provision for income taxes on the consolidated statements of income. Included in other non-interest expense on the consolidated statements of income. Includes ($39) for both the three and six months ended June 30, 2023 and $28 for the three and six months ended June 30, 2022, for tax effect of amortization of net actuarial loss, which are included in the provision for income taxes on the consolidated statements of income.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parentheticals) - Related income tax expense - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Tax effect of realized gains or losses	$ 0	$ 34	$ 0	$ 34
Tax effect of amortization of net actuarial loss	$ (39)	$ 28	$ (39)	$ 28

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjusted Balance	Additional Paid-in Capital	Unearned Common Stock held by the ESOP Cumulative Effect, Period of Adoption, Adjusted Balance	Unearned Common Stock held by the ESOP	Retained Earnings Cumulative effect of change in accounting principle	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Accumulated Other Comprehensive Loss Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Loss	Cumulative effect of change in accounting principle	Cumulative Effect, Period of Adoption, Adjusted Balance	Total
Balance at Dec. 31, 2021		$ 113		$ 46,573		$ (3,709)			$ 89,627		$ (6,635)			$ 125,969
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income									2,053					2,053
Other comprehensive income (loss)											(10,939)			(10,939)
ESOP shares committed to be allocated				4		54								58
Share-based compensation expense				152										152
Balance at Mar. 31, 2022		113		46,729		(3,655)			91,680		(17,574)			117,293
Balance at Dec. 31, 2021		113		46,573		(3,709)			89,627		(6,635)			125,969
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income														4,082
Other comprehensive income (loss)														(17,126)
Balance at Jun. 30, 2022		113		46,881		(3,601)			93,709		(23,761)			113,341
Balance at Mar. 31, 2022		113		46,729		(3,655)			91,680		(17,574)			117,293
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income									2,029					2,029
Other comprehensive income (loss)											(6,187)			(6,187)
ESOP shares committed to be allocated				(1)		54								53
Share-based compensation expense				153										153
Balance at Jun. 30, 2022		113		46,881		(3,601)			93,709		(23,761)			113,341
Balance at Dec. 31, 2022	$ 113	113	$ 47,075	47,075	$ (3,491)	(3,491)	$ (633)	$ 95,991	96,624	$ (32,189)	(32,189)	$ (633)	$ 107,499	108,132
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income									798					798
Other comprehensive income (loss)											2,221			2,221
ESOP shares committed to be allocated				(5)		54								49
Share-based compensation expense				150										150
Balance at Mar. 31, 2023		113		47,220		(3,437)			96,789		(29,968)			110,717
Balance at Dec. 31, 2022	$ 113	113	$ 47,075	47,075	$ (3,491)	(3,491)	$ (633)	$ 95,991	96,624	$ (32,189)	(32,189)	$ (633)	$ 107,499	108,132
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income														2,229
Other comprehensive income (loss)														(1,273)
Balance at Jun. 30, 2023		111		45,976		(3,382)			98,220		(33,462)			107,463
Balance at Mar. 31, 2023		113		47,220		(3,437)			96,789		(29,968)			110,717
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income									1,431					1,431
Other comprehensive income (loss)											(3,494)			(3,494)
ESOP shares committed to be allocated				(16)		55								39
Share-based compensation expense				150										150
Repurchase of common stock		(2)		(1,378)										(1,380)
Balance at Jun. 30, 2023		$ 111		$ 45,976		$ (3,382)			$ 98,220		$ (33,462)			$ 107,463

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Cash Flows from Operating Activities
Net income			$ 2,229	$ 4,082
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion of premiums and discounts on investments, net			145	130
Net realized loss on sales and calls of securities				162
Provision for credit losses		$ 346		567
Provision for credit losses	$ (452)		562
Loans originated for sale			(2,805)	(16,425)
Proceeds from sale of loans			2,688	18,835
Net gain on sale of loans			(62)	(693)
Amortization of intangible assets	21	24	45	51	$ 99
Depreciation and amortization			695	775
Gain from disposal of premises and equipment	(19)		(36)
Deferred income tax benefit			(276)	(57)
Increase in cash surrender value of insurance			(324)	(318)
Net decrease in accrued interest receivable			1,235	68
Expense of earned ESOP shares			88	111
Share-based compensation expense			300	305
Net increase in other assets			(1,336)	(1,145)
Net increase in accrued expenses and other liabilities			1,281	3,773
Net cash provided by operating activities			4,429	10,221
Cash Flows from Investing Activities
Proceeds from sales and calls of securities				14,825
Proceeds from maturities and principal repayments of securities			15,624	27,922
Purchases of securities				(29,225)
Net purchases of FHLB Stock			(2,284)	(409)
Net decrease (increase) in loans			6,327	(74,505)
Purchases of bank premises and equipment			(204)	(659)
Proceeds from disposal of premises and equipment			70
Net cash provided by (used in) investing activities			19,533	(62,051)
Cash Flows from Financing Activities
Net (decrease) increase in demand deposits, NOW, money market and savings accounts			(126,244)	34,367
Net increase (decrease) in time deposits			73,767	(23,937)
Increase in mortgagors' escrow accounts			3,732	3,466
Net increase in short-term debt			8,727	7,038
Net increase (decrease) in long-term debt			40,000	(1,273)
Stock repurchase			(1,380)
Net cash (used in) provided by financing activities			(1,398)	19,661
Net increase (decrease) in cash and cash equivalents			22,564	(32,169)
Cash and Cash Equivalents
Beginning balance			31,384	72,091	72,091
Ending balance	$ 53,948	$ 39,922	53,948	39,922	$ 31,384
Supplemental Disclosures of Cash Flow Information
Interest			9,958	1,740
Income taxes			$ 721	$ 957

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Nature of Business and Significant Accounting Policies
Nature of Business and Significant Accounting Policies	1. Nature of Business and Significant Accounting Policies The financial statements include the accounts of Rhinebeck Bancorp, Inc. (the “Company”), a stock holding company, and its wholly-owned subsidiary, Rhinebeck Bank (the “Bank”), a New York chartered stock savings bank. The primary purpose of the Company is to act as a holding company for the Bank. The Bank provides a full range of banking and financial services to consumer and commercial customers through its fourteen branches and two representative offices located in Dutchess, Ulster, Orange, and Albany counties. Financial services, including investment advisory and financial product sales, are offered through a division of the Bank doing business as Rhinebeck Asset Management. The unaudited consolidated financial statements reflect all adjustments, which in the opinion of management are necessary for a fair presentation of the results of the interim periods and are of a normal and recurring nature. Operating results for the three or six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 or for any other period. The unaudited financial statements and other financial information contained in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements, and related notes, of Rhinebeck Bancorp, Inc. at and for the year ended December 31, 2022 contained in the Company’s Annual Report on Form 10-K, For more information regarding the Company’s significant accounting policies, see the Notes to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K Annual Report on Form 10-K Basis of Financial Statements Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, as of the date of the consolidated statements of financial condition and reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the evaluation of goodwill for impairment and the valuation of deferred tax assets. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation. Reclassifications Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation. Impact of Recent Accounting Pronouncements Adoption of New Accounting Standards in 2023 Effective January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13 “ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which replaced the prior incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL” or the “CECL Standard”). The measurement of expected credit losses under the CECL Standard is applicable to financial assets measured at amortized cost, including portfolio loans and investment securities classified as held-to-maturity. It also applies to off-balance sheet credit exposures including loan commitments, standby letters of credit, financial guarantees and other similar instruments. In addition, the CECL Standard changes the accounting for investment securities classified as available for sale ("AFS"), including a requirement that estimated credit losses on AFS securities be presented as an allowance rather than as a direct write-down of the carrying balance of securities which we do not intend to sell, or believe that it is more likely than not, that we will be required to sell. The Company adopted the CECL Standard using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning on or after January 1, 2023 are presented under the CECL Standard while prior period amounts continue to be reported in accordance with previously applicable accounting guidance. The adoption of the CECL Standard resulted in the following adjustments to our financial statements as of January 1, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in Consolidated ​ ​ ​ ​ Change to Retained Earnings ​ ​ Statement of Condition ​ Tax Effect ​ from Adoption of CECL Allowance for credit losses (loans) ​ $ 580 ​ $ 122 ​ $ 458 ACL (unfunded credit commitments) ​ ​ 221 ​ ​ 46 ​ ​ 175 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impact of CECL adoption ​ $ 801 ​ $ 168 ​ $ 633 ​ Effective January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings (“TDRs”) in ASC 310-40, “Receivables - Troubled Debt Restructurings by Creditors” for entities that have adopted the CECL model introduced by ASU 2016-13. ASU 2022-02 also requires that public business entities disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, “Financial Instruments—Credit Losses—Measured at Amortized Cost”. The Company adopted ASU 2022-02 on January 1, 2023. The adoption of ASU 2022-02 did not have a material effect on the Company’s consolidated financial statements. ​ Emerging Growth Company Status ​ As an emerging growth company, the Company may delay adoption of new or revised financial accounting standards until such date that the standards are required to be adopted by non-issuer companies. If such standards would not apply to non-issuer companies, no deferral would be applicable. The Company is taking advantage of the benefits of the extended transition periods allowed under the Jumpstart Our Business Startups Act. Accordingly, the Company’s consolidated financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the recent accounting standards reflect those that relate to non-issuer companies.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2023
Investment Securities
Investment Securities	2. Investment Securities The amortized cost, gross unrealized gains and losses and fair values of available for sale securities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ Amortized Cost Gains Losses Fair Value U.S. Treasury securities ​ $ 35,123 ​ $ — ​ $ (1,824) ​ $ 33,299 U.S. government agency mortgage-backed securities–residential ​ ​ 165,057 ​ ​ — ​ ​ (29,871) ​ ​ 135,186 U.S. government agency securities ​ 24,780 ​ — ​ (2,196) ​ 22,584 Municipal securities (1) ​ 3,181 ​ — ​ (293) ​ 2,888 Corporate bonds ​ 14,700 ​ — ​ (2,480) ​ 12,220 Other ​ 734 ​ — ​ (57) ​ 677 Total ​ $ 243,575 ​ $ — ​ $ (36,721) ​ $ 206,854 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ Amortized Cost Gains Losses Fair Value U.S. Treasury securities ​ $ 40,172 ​ $ — ​ $ (2,315) ​ $ 37,857 U.S. government agency mortgage-backed securities–residential ​ ​ 173,926 ​ ​ — ​ ​ (29,392) ​ ​ 144,534 U.S. government agency securities ​ ​ 24,785 ​ — ​ (2,336) ​ 22,449 Municipal securities (1) ​ 5,117 ​ — ​ (331) ​ 4,786 Corporate bonds ​ ​ 14,700 ​ — ​ (1,483) ​ 13,217 Other ​ ​ 644 ​ 172 ​ — ​ 816 Total ​ $ 259,344 ​ $ 172 ​ $ (35,857) ​ $ 223,659 (1) The issuers of municipal securities are all within New York State. The following tables present the fair value and unrealized losses of the Company’s available for sale securities with gross unrealized losses aggregated by the length of time the individual securities have been in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury securities ​ $ — ​ $ — ​ $ 33,299 ​ $ (1,824) ​ $ 33,299 ​ $ (1,824) U.S. government agency mortgage-backed securities-residential ​ ​ 437 ​ ​ (31) ​ ​ 134,749 ​ ​ (29,840) ​ ​ 135,186 ​ ​ (29,871) U.S. government agency securities ​ ​ — ​ ​ — ​ ​ 22,584 ​ ​ (2,196) ​ ​ 22,584 ​ ​ (2,196) Municipal securities ​ ​ 516 ​ ​ (14) ​ ​ 2,242 ​ ​ (279) ​ ​ 2,758 ​ ​ (293) Corporate bonds ​ ​ 2,427 ​ ​ (573) ​ ​ 9,793 ​ ​ (1,907) ​ ​ 12,220 ​ ​ (2,480) Other ​ ​ 649 ​ ​ (57) ​ ​ — ​ ​ — ​ ​ 649 ​ ​ (57) Total ​ $ 4,029 ​ $ (675) ​ $ 202,667 ​ $ (36,046) ​ $ 206,696 ​ $ (36,721) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury securities ​ $ — ​ $ — ​ $ 37,857 ​ $ (2,315) ​ $ 37,857 ​ $ (2,315) U.S. government agency mortgage-backed securities-residential ​ ​ 23,384 ​ ​ (2,711) ​ ​ 121,151 ​ ​ (26,681) ​ ​ 144,535 ​ ​ (29,392) U.S. government agency securities ​ ​ 9,160 ​ ​ (869) ​ ​ 13,289 ​ ​ (1,467) ​ ​ 22,449 ​ ​ (2,336) Municipal securities ​ ​ 1,529 ​ ​ (4) ​ ​ 3,127 ​ ​ (327) ​ ​ 4,656 ​ ​ (331) Corporate bonds ​ ​ 6,873 ​ ​ (627) ​ ​ 5,844 ​ ​ (856) ​ ​ 12,717 ​ ​ (1,483) Total ​ $ 40,946 ​ $ (4,211) ​ $ 181,268 ​ $ (31,646) ​ $ 222,214 ​ $ (35,857) ​ At June 30, 2023, the Company had 237 individual available-for-sale securities in an unrealized loss position with unrealized losses totaling $36,721 with an aggregate depreciation of 15.08% from the Company’s amortized cost. ​ On January 1, 2023, the Company adopted ASU 2016-13 and implemented the CECL methodology for allowance for credit losses on its investment securities available-for-sale. The new CECL methodology replaces the other-than-temporary impairment model that previously existed. The Company did not have a CECL day 1 impact attributable to its investment securities portfolio and did not have an allowance for credit losses on its investment securities available for sale as of June 30, 2023. The Company evaluates securities in an unrealized loss position for impairment related to credit losses on at least a quarterly basis. Securities in unrealized loss positions are first assessed as to whether we intend to sell, or if it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If one of the criteria is met, the security’s amortized cost basis is written down to fair value through current earnings. For securities that do not meet these criteria, the Company evaluates whether the decline in fair value resulted from credit losses or other factors. If this assessment indicates that a credit loss exists, we compare the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an allowance for credit losses is recorded, limited to the amount that the fair value of the security is less than its amortized cost basis. Unrealized losses on asset backed securities, state and municipal securities, and corporate bonds have not been recognized into income because the issuers are of high credit quality, we do not intend to sell and it is likely that we will not be required to sell the securities prior to their anticipated recovery. The decline in fair value is largely due to changes in interest rates and other market conditions. The issuers continue to make timely principal and interest payments on the securities. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of applicable taxes. No allowance for credit losses for available-for-sale securities was recorded as of June 30, 2023. Federal agency obligations, residential mortgage backed pass-through securities and commercial mortgage back pass-through securities are issued by U.S. Government agencies and U.S. Government sponsored enterprises. Although a government guarantee exists on these investments, these entities are not legally backed by the full faith and credit of the federal government. Nonetheless, at this time we do not foresee any set of circumstances in which the government would not fund its commitments on these investments. ​ ​ The amortized cost and fair value of available for sale debt securities at June 30, 2023 and December 31, 2022, by contractual maturities, are presented below. Actual maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the securities may be called or repaid without any penalties. Because mortgage-backed securities are not due at a single maturity date, they are not included in the maturity categories in the following maturity summary: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ December 31, 2022 ​ Amortized Cost Fair Value Amortized Cost Fair Value Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Within 1 year ​ $ 20,467 ​ $ 19,926 ​ $ 16,923 ​ $ 16,512 After 1 but within 5 years ​ 37,902 ​ 34,525 ​ 46,162 ​ 42,225 After 5 but within 10 years ​ 19,415 ​ 16,540 ​ 21,689 ​ 19,572 After 10 years ​ — ​ — ​ — ​ — Total Maturities ​ 77,784 ​ 70,991 ​ 84,774 ​ 78,309 Mortgage-backed securities ​ 165,057 ​ 135,186 ​ 173,926 ​ 144,534 Other ​ 734 ​ 677 ​ 644 ​ 816 Total ​ $ 243,575 ​ $ 206,854 ​ $ 259,344 ​ $ 223,659 ​ At June 30, 2023 and December 31, 2022, available for sale securities with a carrying value of $13,965 and $15,407, respectively, were pledged to secure Federal Home Loan Bank of New York (“FHLB”) borrowings. In addition, at June 30, 2023 and December 31, 2022, $82,221 and $958 of available for sale securities were pledged to secure borrowings at the Federal Reserve Bank of New York (“FRB”), respectively. During the six months ended June 30, 2023, there were no sales of available for sale securities and no realized gains or losses

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2023
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	3. Loans and Allowance for Credit Losses As of and prior to December 31, 2022, loans receivable was accounted for under the incurred loss model. As of January 1, 2023, portfolio loans are accounted for under the current expected loss model. Accordingly, some of the information presented is not comparable from period to period. A summary of the Company’s loan portfolio is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 ​ Commercial real estate loans: ​ ​ Construction ​ $ 26,291 ​ $ 20,329 ​ Non-residential ​ 299,329 ​ 282,422 ​ Multi-family ​ 79,677 ​ 67,777 ​ Residential real estate loans ​ 60,627 ​ 53,720 ​ Commercial and industrial loans (1) ​ 80,374 ​ 87,982 ​ Consumer loans: ​ ​ ​ Indirect automobile ​ 417,953 ​ 457,223 ​ Home equity ​ 11,661 ​ 11,507 ​ Other consumer ​ 8,709 ​ 9,479 ​ Total gross loans ​ 984,621 ​ 990,439 ​ Net deferred loan costs ​ 10,406 ​ 11,872 ​ Allowance for credit losses ​ (8,003) ​ (7,943) ​ Total net loans ​ $ 987,024 ​ $ 994,368 ​ (1) Includes $368 and $537 in U.S. Small Business Administration (“SBA”), paycheck protection program (“PPP”) loans at June 30, 2023 and December 31, 2022, respectively. At June 30, 2023 and December 31, 2022, the unpaid principal balances of loans held for sale included in the residential real estate category above were $425 and $247, respectively. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days Past ​ Total Loans ​ ​ ​ Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ $ 26,291 ​ $ — ​ $ — ​ $ — ​ $ 26,291 ​ $ — Non-residential ​ ​ 294,096 ​ ​ — ​ ​ 3,447 ​ ​ 1,786 ​ ​ 299,329 ​ ​ 1,786 Multifamily ​ ​ 79,314 ​ ​ — ​ ​ 363 ​ ​ — ​ ​ 79,677 ​ ​ — Residential real estate ​ 59,324 ​ 338 ​ 201 ​ 764 ​ 60,627 ​ 1,917 Commercial and industrial ​ 80,100 ​ 107 ​ — ​ 167 ​ 80,374 ​ 167 Consumer: ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ 408,051 ​ 7,848 ​ ​ 1,711 ​ 343 ​ 417,953 ​ 424 Home equity ​ 11,481 ​ 1 ​ ​ — ​ 179 ​ 11,661 ​ 179 Other consumer ​ 8,586 ​ 99 ​ — ​ 24 ​ 8,709 ​ 24 Total ​ $ 967,243 ​ $ 8,393 ​ $ 5,722 ​ $ 3,263 ​ $ 984,621 ​ $ 4,497 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days Past ​ Total Loans ​ ​ ​ Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ $ 20,329 ​ $ — ​ $ — ​ $ — ​ $ 20,329 ​ $ — Non-residential ​ ​ 275,860 ​ ​ 4,701 ​ ​ 479 ​ ​ 1,382 ​ ​ 282,422 ​ ​ 1,382 Multifamily ​ ​ 67,413 ​ ​ 364 ​ ​ — ​ ​ — ​ ​ 67,777 ​ ​ — Residential real estate ​ 51,476 ​ 1,417 ​ 246 ​ 581 ​ 53,720 ​ 1,794 Commercial and industrial ​ 87,742 ​ 57 ​ — ​ 183 ​ 87,982 ​ 183 Consumer: ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ 444,418 ​ 10,714 ​ ​ 1,389 ​ 702 ​ 457,223 ​ 797 Home equity ​ 11,279 ​ 51 ​ ​ 58 ​ 119 ​ 11,507 ​ 217 Other consumer ​ 9,208 ​ 149 ​ 71 ​ 51 ​ 9,479 ​ 51 Total ​ $ 967,725 ​ $ 17,453 ​ $ 2,243 ​ $ 3,018 ​ $ 990,439 ​ $ 4,424 ​ Effective January 1, 2023, the Company has modified its accounting policy for the ACL on loans as described below. The ACL on loans is management’s estimate of expected credit losses over the expected life of the loans at the reporting date. The ACL on loans is increased through a provision for credit losses recognized in the Consolidated Statements of Income and by recoveries of amounts previously charged off. The ACL on loans is reduced by charge-offs on loans. Loan charge-offs are recognized when management believes the collectability of the principal balance outstanding is unlikely. Full or partial charge-offs on individually analyzed loans are generally recognized when the collateral or future cash flows are deemed to be insufficient to support the carrying value of the loan. The level of the ACL on loans is based on management’s ongoing review of all relevant information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the calculation of loss given default and the estimation of expected credit losses. As discussed further below, adjustments to historical information are made for differences in specific risk characteristics, such as differences in underwriting standards, portfolio mix, delinquency levels, or terms, as well as for changes in environmental conditions, that may not be reflected in historical loss rates. Management employs a process and methodology to estimate the ACL on loans that evaluate both quantitative and qualitative factors. The methodology for evaluating quantitative factors consists of two basic components. The first component involves pooling loans into portfolio segments for loans that share similar risk characteristics. Pooled loan portfolio segments include commercial construction, commercial real estate, multi-family, commercial and industrial, residential real estate (including homeowner construction), home equity, indirect automobile and other consumer loans. The second component involves individually analyzed loans that do not share similar risk characteristics with loans that are pooled into portfolio segments or are determined for foreclosure. For loans that are individually analyzed, the ACL is measured using a discounted cash flow (“DCF”) methodology based upon the loan’s contractual effective interest rate, or, if the loan is collateral-dependent, at the fair value of the collateral. Factors management considers when measuring the extent of expected credit loss include payment status, collateral value, borrower financial condition, guarantor support and the probability of collecting scheduled principal and interest payments when due. For collateral-dependent loans for which repayment is to be provided substantially through the sale of the collateral, management adjusts the fair value for estimated costs to sell. Management may also adjust appraised values to reflect estimated market value declines or apply other discounts to appraised values for unobservable factors resulting from its knowledge of circumstances associated with the collateral. ​ For pooled loans, the Company utilizes a DCF methodology to estimate credit losses over the expected life of the loans. The life of the loan excludes expected extensions, renewals and modifications. Management utilizes the national unemployment rate as an econometric factor with a one-year forecast period and one-year straight-line reversion period to the historical mean of its macroeconomic assumption in order to estimate the probability of default for each loan portfolio segment. The DCF methodology combines the probability of default, the loss given default, maturity date and prepayment speeds to estimate a reserve for each loan. The sum of all the loan level reserves are aggregated for each portfolio segment and a loss rate factor is derived. ​ Because the methodology is based upon historical experience and trends, current economic data, reasonable and supportable forecasts, as well as management’s judgment, factors may arise that result in different estimations. Deteriorating conditions or assumptions could lead to further increases in the ACL on loans. In addition, various regulatory agencies periodically review the ACL on loans. Such agencies may require additions to the allowance based on their judgments about information available to them at the time of their examination. The ACL on loans is an estimate, and ultimate losses may vary from management’s estimate. ​ The Company made an accounting policy election to exclude accrued interest from the amortized cost basis of loans. In addition, the Company elected not to measure an allowance for credit losses for accrued interest receivable, because a timely write-off policy exists. The policy generally requires loans to be placed on non-accrual when principal or interest is 90 days or more past due unless the loan is well-secured and in the process of collection. When a loan is placed on non-accrual, accrued interest is reversed against interest income. Accrued interest receivable associated with loans totaled $2,538 and $3,723, at June 30, 2023 and December 31, 2022, respectively, and was reported in accrued interest receivable on the consolidated balance sheets. The following table presents the Company’s amortized cost basis of individually analyzed loans and related ACL at June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ Individually analyzed loans Related ACL Commercial real estate: ​ ​ Non-residential ​ $ 1,786 ​ $ — Residential real estate ​ ​ 1,917 ​ ​ — Commercial and industrial ​ ​ 167 ​ ​ — Consumer: ​ ​ ​ Indirect automobile ​ ​ 424 ​ ​ 62 Home equity ​ ​ 277 ​ ​ — Other consumer ​ ​ 24 ​ ​ — Total ​ $ 4,595 ​ $ 62 ​ The Company has one individually analyzed home equity loan of $98 that was accruing interest at June 30, 2023. The following table presents the Company’s amortized cost basis of only those individually analyzed loans with a related ACL at June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ Individually analyzed loans Related ACL Consumer: ​ ​ ​ Indirect automobile ​ ​ 226 ​ ​ 62 Total ​ $ 226 ​ $ 62 ​ Impaired loans disclosures presented below as of December 31, 2022 represent requirements prior to the adoption of CECL on January 1, 2023. The following table summarizes information regarding impaired loans by loan portfolio class: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Recorded ​ Unpaid Principal ​ Related ​ Average Recorded ​ Investment Balance Allowance Investment With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ Non-residential ​ $ 1,382 ​ $ 2,472 ​ $ — ​ $ 1,967 Residential real estate ​ 1,794 ​ 2,445 ​ — ​ 1,890 Commercial and industrial ​ 183 ​ 242 ​ — ​ 309 Consumer: ​ ​ ​ ​ ​ ​ Indirect automobile ​ 371 ​ 439 ​ — ​ 336 Home equity ​ 217 ​ 219 ​ — ​ 146 Other consumer ​ 49 ​ 53 ​ — ​ 38 Total ​ $ 3,996 ​ $ 5,870 ​ $ — ​ $ 4,686 With an allowance recorded: ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ Commercial and industrial ​ $ — ​ $ — ​ $ — ​ $ 114 Consumer: ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ 426 ​ ​ 435 ​ ​ 107 ​ ​ 293 Other consumer ​ 2 ​ 2 ​ 2 ​ 11 Total ​ $ 428 ​ $ 437 ​ $ 109 ​ $ 418 Total: ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ Non-residential ​ $ 1,382 ​ $ 2,472 ​ $ — ​ $ 1,967 Residential real estate ​ 1,794 ​ 2,445 ​ — ​ 1,890 Commercial and industrial ​ 183 ​ 242 ​ — ​ 423 Consumer: ​ ​ ​ ​ Indirect automobile ​ 797 ​ 874 ​ 107 ​ 629 Home equity ​ 217 ​ 219 ​ — ​ 146 Other consumer ​ 51 ​ 55 ​ 2 ​ 49 Total ​ $ 4,424 ​ $ 6,307 ​ $ 109 ​ $ 5,104 ​ The Company has transferred a portion of its originated commercial real estate loans to participating lenders. The amounts transferred have been accounted for as sales and are therefore not included in the Company’s accompanying statements of financial condition. The Company and participating lenders share ratably in any gains or losses that may result from a loan’s performance under its contractual terms. The Company continues to service the loans on behalf of the participating lenders and, as such, collects cash payments from the borrowers, remits payments to participating lenders and disburses required escrow funds to relevant parties. At June 30, 2023 and December 31, 2022, the Company was servicing loans for participants aggregating $33,413 and $8,466, respectively. Residential mortgage and consumer loans secured by residential real estate properties for which formal foreclosure proceedings are in process totaled $949 and $625 at June 30, 2023 and December 31, 2022, respectively, and are all individually analyzed. ​ As a result of the adoption of ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures” on January 1, 2023, the Company had no reportable balances related to TDRs as of and for the six months ended June 30, 2023. The Company services certain loans that it has sold to third parties. The aggregate balances of loans serviced for others were $291,375 and $301,235 as of June 30, 2023 and December 31, 2022, respectively. Included in these loans serviced for others are loans serviced for the Federal Home Loan Mortgage Corporation with a recourse provision whereby the Company is obligated to bear all costs when a default, including foreclosure, occurs. At June 30, 2023 and December 31, 2022, the maximum contingent liability associated with loans sold with recourse was $1,075 and $276, respectively, which is not recorded in the consolidated financial statements. Losses are borne in priority order by the borrower, private mortgage insurance and The balances of capitalized servicing rights, included in other assets at June 30, 2023 and December 31, 2022, were $2,195 and $2,409, respectively. Fair value exceeds carrying value, and thus, no impairment charges related to servicing rights were recognized during the six month period ended June 30, 2023 or the year ended December 31, 2022. Activity in the Company’s ACL for loans for the three and six months ended June 30, 2023 is summarized in the table below. The Adoption of the CECL Standard row presents adjustments recorded on January 1, 2023 through retained earnings. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Three months ended June 30, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 2,341 ​ $ 170 ​ $ 1,201 ​ $ 5,278 ​ $ 113 ​ $ 9,103 Provision for (reversal of) credit losses ​ ​ (47) ​ ​ 6 ​ ​ (77) ​ ​ (327) ​ ​ (34) ​ ​ (479) Loans charged-off ​ ​ — ​ — ​ (710) ​ (497) ​ (3) ​ ​ (1,210) Recoveries ​ — ​ $ 3 ​ $ 40 ​ $ 514 ​ $ 32 ​ 589 Ending balance ​ $ 2,294 ​ $ 179 ​ $ 454 ​ $ 4,968 ​ $ 108 ​ $ 8,003 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial Indirect Consumer Totals ​ ​ Six months ended June 30, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,031 ​ $ 103 ​ $ 881 ​ $ 3,868 ​ $ 60 ​ $ 7,943 Adoption of CECL standard ​ ​ (860) ​ ​ 54 ​ ​ (383) ​ ​ 1,710 ​ ​ 59 ​ ​ 580 Provision for (reversal of) credit losses ​ ​ 123 ​ ​ 19 ​ ​ 626 ​ ​ (223) ​ ​ (30) ​ ​ 515 Loans charged-off ​ ​ — ​ ​ — ​ ​ (710) ​ ​ (1,486) ​ ​ (25) ​ ​ (2,221) Recoveries ​ — ​ 3 ​ 40 ​ 1,099 ​ 44 ​ 1,186 Ending balance ​ $ 2,294 ​ $ 179 ​ $ 454 ​ $ 4,968 ​ $ 108 ​ $ 8,003 Ending balance: ​ ​ ​ ​ ​ ​ Loans individually analyzed ​ $ — ​ $ — ​ $ — ​ $ 62 ​ $ — ​ $ 62 Loans collectively analyzed ​ $ 2,294 ​ $ 179 ​ $ 454 ​ $ 4,906 ​ $ 108 ​ $ 7,941 Loan receivables: ​ ​ ​ ​ ​ ​ Ending balance ​ $ 405,297 ​ $ 60,627 ​ $ 80,374 ​ $ 417,953 ​ $ 20,370 ​ $ 984,621 Ending balance: ​ ​ ​ ​ ​ ​ ​ Loans individually analyzed ​ $ 1,786 ​ $ 1,917 ​ $ 167 ​ $ 424 ​ $ 301 ​ $ 4,595 Loans collectively analyzed ​ $ 403,511 ​ $ 58,710 ​ $ 80,207 ​ $ 417,529 ​ $ 20,069 ​ $ 980,026 ​ ​ Activity in the Company’s allowance for loan losses for the three and six months ended June 30, 2022 and December 31, 2022 is summarized in the tables below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial ​ Indirect ​ Consumer Totals ​ ​ Three months ended June 30, 2022 Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,314 ​ $ 55 ​ $ 743 ​ $ 3,535 ​ $ 53 ​ $ 7,700 Provision for loan losses ​ ​ 126 ​ ​ 4 ​ ​ 115 ​ ​ 60 ​ ​ 41 ​ ​ 346 Loans charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ (407) ​ ​ (38) ​ ​ (445) Recoveries ​ — ​ — ​ 1 ​ 550 ​ 17 ​ 568 Ending balance ​ $ 3,440 ​ $ 59 ​ $ 859 ​ $ 3,738 ​ $ 73 ​ $ 8,169 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial ​ Indirect ​ Consumer Totals ​ ​ Six months ended June 30, 2022 Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,317 ​ $ 54 ​ $ 725 ​ $ 3,416 ​ $ 47 ​ $ 7,559 Provision for (reversal of) loan losses ​ ​ 123 ​ ​ (105) ​ ​ 133 ​ ​ 355 ​ ​ 61 ​ ​ 567 Loans charged-off ​ ​ — ​ ​ (44) ​ ​ — ​ ​ (1,054) ​ ​ (61) ​ ​ (1,159) Recoveries ​ — ​ 154 ​ 1 ​ 1,021 ​ 26 ​ 1,202 Ending balance ​ $ 3,440 ​ $ 59 ​ $ 859 ​ $ 3,738 ​ $ 73 ​ $ 8,169 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial Indirect Consumer Totals ​ ​ December 31, 2022 Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: ​ ​ ​ ​ ​ ​ Loans deemed impaired ​ $ — ​ $ — ​ $ — ​ $ 107 ​ $ 2 ​ $ 109 Loans not deemed impaired ​ $ 3,031 ​ $ 103 ​ $ 881 ​ $ 3,761 ​ $ 58 ​ $ 7,834 Loan receivables: ​ ​ ​ ​ ​ ​ Ending balance ​ $ 370,528 ​ $ 53,720 ​ $ 87,982 ​ $ 457,223 ​ $ 20,986 ​ $ 990,439 Ending balance: ​ ​ ​ ​ ​ ​ ​ Loans deemed impaired ​ $ 1,382 ​ $ 1,794 ​ $ 183 ​ $ 797 ​ $ 268 ​ $ 4,424 Loans not deemed impaired ​ $ 369,146 ​ $ 51,926 ​ $ 87,799 ​ $ 456,426 ​ $ 20,718 ​ $ 986,015 ​ The Company has also recorded an ACL for unfunded commitments, which was recorded in other liabilities; see Note 10 to the consolidated financial statements. The provision is recorded within the provision for credit losses on the Company’s income statement. The following table summarizes the provision for credit losses for the three months and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2023 2022 2023 2022 Provision for (reversal of) credit losses - loans ​ $ (479) ​ $ 346 ​ $ 515 ​ $ 567 Provision for credit losses - unfunded commitments ​ ​ 27 ​ ​ — ​ ​ 47 ​ ​ — Provision for (reversal of) credit losses ​ $ (452) ​ $ 346 ​ $ 562 ​ $ 567 ​ ​ In the normal course of business, the Company grants loans to officers, directors and other related parties. Balances and activity of such loans during the periods presented were not material. On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, multifamily, construction and commercial loans. To assist in the review process, the Company engages an independent third-party to review a significant portion of loans within these segments. Consumer loans are rated as performing or non-performing based on payment status in accordance with regulatory retail credit guidance. Management uses the results of these reviews as part of its annual review process. In addition, management utilizes delinquency reports, the watch list and other loan reports to monitor credit quality of other loan segments. Credit Quality Indicators The Company uses the following definitions for risk ratings: Watch Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process and deferred loan fees) based on rating category, as well as gross write-offs for the six months ended June 30, 2023, and by fiscal year of origination as of June 30, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ Loans by Origination Year ​ Loans ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Amortized Cost ​ Total Commercial construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ - ​ $ 4,422 ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 4,422 Watch ​ ​ 1,969 ​ ​ 14,565 ​ ​ 5,335 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 21,869 Total commercial construction ​ ​ 1,969 ​ ​ 18,987 ​ ​ 5,335 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 26,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial non-residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 24,207 ​ $ 44,362 ​ $ 27,090 ​ $ 17,286 ​ $ 40,949 ​ $ 49,864 ​ $ - ​ $ 203,758 Watch ​ ​ 5,016 ​ ​ 9,449 ​ ​ 8,559 ​ ​ 13,176 ​ ​ 8,609 ​ ​ 40,100 ​ ​ - ​ ​ 84,909 Special mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 5,960 ​ ​ 1,472 ​ ​ - ​ ​ 7,432 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 485 ​ ​ 2,745 ​ ​ - ​ ​ 3,230 Total commercial non-residential ​ ​ 29,223 ​ ​ 53,811 ​ ​ 35,649 ​ ​ 30,462 ​ ​ 56,003 ​ ​ 94,181 ​ ​ - ​ ​ 299,329 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 820 ​ $ 18,936 ​ $ 30,789 ​ $ 2,136 ​ $ 1,566 ​ $ 4,808 ​ $ - ​ $ 59,055 Watch ​ ​ - ​ ​ 2,600 ​ ​ 7,052 ​ ​ - ​ ​ 1,294 ​ ​ 9,676 ​ ​ - ​ ​ 20,622 Total multifamily ​ ​ 820 ​ ​ 21,536 ​ ​ 37,841 ​ ​ 2,136 ​ ​ 2,860 ​ ​ 14,484 ​ ​ - ​ ​ 79,677 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 9,333 ​ $ 26,619 ​ $ 2,200 ​ $ 2,765 ​ $ 2,656 ​ $ 15,136 ​ $ - ​ $ 58,709 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 1,918 ​ ​ - ​ ​ 1,918 Total residential ​ ​ 9,333 ​ ​ 26,619 ​ ​ 2,200 ​ ​ 2,765 ​ ​ 2,656 ​ ​ 17,054 ​ ​ - ​ ​ 60,627 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 6,271 ​ $ 22,481 ​ $ 12,304 ​ $ 1,866 ​ $ 1,482 ​ $ 1,997 ​ $ 19,142 ​ $ 65,543 Watch ​ ​ 502 ​ ​ 1,491 ​ ​ 367 ​ ​ 717 ​ ​ 695 ​ ​ 1,666 ​ ​ 7,586 ​ ​ 13,024 Special mention ​ ​ 224 ​ ​ - ​ ​ 352 ​ ​ 10 ​ ​ 50 ​ ​ 46 ​ ​ - ​ ​ 682 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 133 ​ ​ 944 ​ ​ 48 ​ ​ 1,125 Total commercial and industrial ​ ​ 6,997 ​ ​ 23,972 ​ ​ 13,023 ​ ​ 2,593 ​ ​ 2,360 ​ ​ 4,653 ​ ​ 26,776 ​ ​ 80,374 Current-period gross write-offs ​ ​ - ​ ​ - ​ ​ 710 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 710 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 50,285 ​ $ 190,231 ​ $ 90,754 ​ $ 46,048 ​ $ 28,450 ​ $ 11,762 ​ $ - ​ $ 417,530 Non-performing ​ ​ - ​ ​ 138 ​ ​ 149 ​ ​ 36 ​ ​ 87 ​ ​ 13 ​ ​ - ​ ​ 423 Total indirect automobile ​ ​ 50,285 ​ ​ 190,369 ​ ​ 90,903 ​ ​ 46,084 ​ ​ 28,537 ​ ​ 11,775 ​ ​ - ​ ​ 417,953 Current-period gross write-offs ​ ​ - ​ ​ 633 ​ ​ 393 ​ ​ 220 ​ ​ 143 ​ ​ 97 ​ ​ - ​ ​ 1,486 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 34 ​ $ 4,240 ​ $ 7,208 ​ $ 11,482 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 179 ​ ​ - ​ ​ 179 Total home equity ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 34 ​ ​ 4,419 ​ ​ 7,208 ​ ​ 11,661 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 1,605 ​ $ 4,511 ​ $ 1,251 ​ $ 647 ​ $ 213 ​ $ 214 ​ $ 244 ​ $ 8,685 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ 24 ​ ​ - ​ ​ - ​ ​ - ​ ​ 24 Total other consumer ​ ​ 1,605 ​ ​ 4,511 ​ ​ 1,251 ​ ​ 671 ​ ​ 213 ​ ​ 214 ​ ​ 244 ​ ​ 8,709 Current-period gross write-offs ​ ​ - ​ ​ 13 ​ ​ - ​ ​ 11 ​ ​ - ​ ​ 1 ​ ​ - ​ ​ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass/performing ​ $ 92,521 ​ $ 311,562 ​ $ 164,388 ​ $ 70,748 ​ $ 75,350 ​ $ 88,021 ​ $ 26,594 ​ $ 829,184 Watch ​ ​ 7,487 ​ ​ 28,105 ​ ​ 21,313 ​ ​ 13,893 ​ ​ 10,598 ​ ​ 51,442 ​ ​ 7,586 ​ ​ 140,424 Special mention ​ ​ 224 ​ ​ - ​ ​ 352 ​ ​ 10 ​ ​ 6,010 ​ ​ 1,518 ​ ​ - ​ ​ 8,114 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 618 ​ ​ 3,689 ​ ​ 48 ​ ​ 4,355 Non-performing ​ ​ - ​ ​ 138 ​ ​ 149 ​ ​ 60 ​ ​ 87 ​ ​ 2,110 ​ ​ - ​ ​ 2,544 Total Loans ​ $ 100,232 ​ $ 339,805 ​ $ 186,202 ​ $ 84,711 ​ $ 92,663 ​ $ 146,780 ​ $ 34,228 ​ $ 984,621 Total Current-period gross write-offs ​ $ 0 ​ $ 646 ​ $ 1,103 ​ $ 231 ​ $ 143 ​ $ 98 ​ $ - ​ $ 2,221 ​ ​ The following table presents the classes of the loan portfolio summarized by the pass category and the criticized categories of special mention and substandard within the internal risk system: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Pass Special Mention Substandard Total Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ $ 20,329 ​ $ — ​ $ — ​ $ 20,329 Non-residential ​ ​ 271,491 ​ ​ 7,904 ​ ​ 3,027 ​ ​ 282,422 Multifamily ​ 67,777 ​ — ​ — ​ 67,777 Residential real estate ​ 52,265 ​ — ​ 1,455 ​ 53,720 Commercial and industrial ​ 83,680 ​ 3,825 ​ 477 ​ 87,982 Consumer: ​ ​ ​ ​ ​ Indirect automobile ​ 456,112 ​ — ​ 1,111 ​ 457,223 Home equity ​ 11,290 ​ — ​ 217 ​ 11,507 Other consumer ​ 9,428 ​ — ​ 51 ​ 9,479 Total ​ $ 972,372 ​ $ 11,729 ​ $ 6,338 ​ $ 990,439 ​

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets
Goodwill and Intangible Assets	4. Goodwill and Intangible Assets The changes in the carrying value of goodwill are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Year Ended ​ ​ ​ June 30, ​ December 31, ​ 2023 2022 Beginning balance ​ ​ $ 2,235 ​ $ 2,235 Activity during the period ​ ​ — ​ — ​ ​ ​ ​ Ending balance ​ ​ $ 2,235 ​ $ 2,235 ​ The Company evaluated goodwill and determined that no write-down was required for the first six months of 2023 or the year ended December 31, 2022. The changes in the carrying value of the customer list and core deposit intangibles are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Year Ended ​ ​ June 30, ​ December 31, ​ 2023 2022 Beginning balance ​ $ 334 ​ $ 433 Amortization ​ (45) ​ (99) ​ ​ ​ Ending balance ​ $ 289 ​ $ 334 Accumulated amortization and impairment ​ $ 988 ​ $ 943 ​ Core deposit intangibles represent the estimated fair value of acquired customer deposit relationships on the date of acquisition and are amortized over their estimated useful lives. Purchased customer accounts primarily consist of records and files that contain information about investment holdings. The values assigned to customer lists and core deposit intangibles are based upon the application of the income approach. The intangibles are expected to have useful lives of approximately 13 years. The Company recognized $21 and $24 of amortization expense related to its intangible assets for the three months ended June 30, 2023 and 2022, respectively. The Company recognized $45 and $51 of amortization expense related to its intangible assets for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, the future amortization expense for amortizable intangible assets for the years ended December 31, was as follows: ​ ​ ​ ​ ​ 2023 $ 43 2024 ​ 79 2025 ​ 60 2026 ​ 29 2027 ​ 21 Thereafter ​ ​ 57 Total ​ $ 289 ​

Premises and Equipment

Premises and Equipment	6 Months Ended
	Jun. 30, 2023
Premises and Equipment
Premises and Equipment	5. Premises and Equipment Premises and equipment are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 ​ Land ​ $ 3,732 ​ $ 3,732 ​ Buildings and improvements ​ 27,636 ​ 27,617 ​ Furniture, fixtures and equipment ​ 14,746 ​ 14,652 ​ Construction in process ​ 287 ​ 230 ​ Total ​ 46,401 ​ 46,231 ​ Less accumulated depreciation ​ (28,204) ​ (27,509) ​ Net ​ $ 18,197 ​ $ 18,722 ​ ​

Deposits

Deposits	6 Months Ended
	Jun. 30, 2023
Deposits
Deposits	6. Deposits Deposits balances are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2023 2022 Non-interest bearing demand deposits ​ $ 256,245 ​ $ 283,563 Interest bearing accounts: ​ ​ NOW ​ 141,537 ​ 156,285 Savings ​ 159,985 ​ 176,916 Money market ​ 229,540 ​ 296,787 Time certificates of deposit ​ 290,149 ​ 216,382 Total interest bearing accounts ​ 821,211 ​ 846,370 Total deposits ​ $ 1,077,456 ​ $ 1,129,933 ​ The Company has established a relationship to participate in a reciprocal deposit program with other financial institutions. The reciprocal deposit program provides access to FDIC-insured deposit products in aggregate amounts exceeding the current limits for depositors. At June 30, 2022 and December 31, 2022, total reciprocal deposits were $34,732 and $10,023. Included in time certificates of deposit at June 30, 2023 and December 31, 2022 were reciprocal deposits totaling $31,786 and $10,023, respectively, with original maturities of one ​ Time deposits included brokered deposits of $32,801 and $34,041 at June 30, 2023 and December 31, 2022, respectively. Time certificates of deposit in denominations of $250 or greater were $58,169 and $38,897 as of June 30, 2023 and December 31, 2022, respectively. Contractual maturities of time certificates of deposit at June 30, 2023 are summarized below: ​ ​ ​ ​ ​ ​ ​ June 30, ​ 2023 Within 1 year ​ $ 273,402 1 – 2 years ​ 12,438 2 – 3 years ​ 1,636 3 – 4 years ​ 1,306 4 – 5 years ​ 1,367 Total ​ $ 290,149 ​

Long-Term Debt and FHLB Stock

Long-Term Debt and FHLB Stock	6 Months Ended
	Jun. 30, 2023
Long-Term Debt and FHLB Stock
Long-Term Debt and FHLB Stock	7. Long-Term Debt and FHLB Stock FHLB Borrowings and Stock The Bank is a member of the FHLB. At June 30, 2023 and December 31, 2022, the Bank had access to a preapproved secured line of credit with the FHLB of $668,477 and $667,905, respectively. Borrowings under this line require collateralization through the pledge of specific loans and securities. At June 30, 2023 and December 31, 2022, the Bank had pledged assets of $207,897 and $195,455, respectively. The Company had no outstanding overnight line of credit balances with the FHLB at either June 30, 2023 or December 31, 2022. These borrowings would mature the following business day. ​ The outstanding principal amounts and the related terms and rates at June 30, 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Principal Maturity Rate ​ Due in one year Long term Fixed medium-term ​ ​ 722 ​ October 31, 2025 ​ 4.87 % ​ ​ — ​ ​ 722 Fixed medium-term ​ ​ 5,000 ​ November 3, 2025 ​ 4.87 % ​ ​ — ​ ​ 5,000 Fixed medium-term ​ ​ 728 ​ December 5, 2025 ​ 4.34 % ​ ​ — ​ ​ 728 Fixed short-term ​ ​ 10,000 ​ September 5, 2023 ​ 5.38 % ​ ​ 10,000 ​ ​ — Fixed medium-term ​ ​ 20,000 ​ March 20, 2025 ​ 4.47 % ​ ​ — ​ ​ 20,000 Fixed medium-term ​ ​ 20,000 ​ March 21, 2024 ​ 5.18 % ​ ​ 20,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ August 21, 2023 ​ 5.23 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ October 23, 2023 ​ 5.23 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ December 21, 2023 ​ 5.24 % ​ ​ 10,000 ​ ​ — Fixed medium-term ​ ​ 20,000 ​ May 2, 2028 ​ 3.88 % ​ ​ — ​ ​ 20,000 Total ​ $ 106,450 ​ Weighted Average Rate 4.81 % ​ $ 60,000 ​ $ 46,450 ​ The Bank is required to maintain an investment in capital stock of the FHLB, as collateral, in an amount equal to a certain percentage of its outstanding debt. FHLB stock is considered restricted stock and is carried at cost. The Bank evaluates FHLB stock for impairment based on the ultimate recovery ability of the cost. No impairment was recognized at either June 30, 2023 or December 31, 2022. Subordinated Debt In addition to the Bank, the Company has one other wholly-owned subsidiary, RSB Capital Trust I (the “Trust”). In 2005, the Trust issued $5,000 of pooled trust preferred securities in a private placement and issued 155 shares of common stock at $1 par value per share, to the Company. The Trust, which has no independent assets or operations, was formed in 2005 for the sole purpose of issuing trust preferred securities and investing the proceeds thereof in an equivalent amount of junior subordinated debentures. The proceeds from the issuance of the trust preferred securities were down-streamed to the Bank and are currently considered Tier 1 capital for purposes of determining the Bank’s capital ratios. The duration of the Trust is 30 years. The subordinated debt securities of $5,155 are unsecured obligations of the Company and are subordinate and junior in right of payment to all present and future senior indebtedness of the Company. The Company has entered into a guarantee, which together with its obligations under the subordinated debt securities and the declaration of trust governing the Trust, including its obligations to pay costs, expenses, debts and liabilities, provides a full and unconditional guarantee of amounts on the capital securities. The subordinated debentures, which bear interest at three month LIBOR plus 2.00% (7.39% at June 30, 2023 and 6.69% at December 31, 2022) mature on May 23, 2035. As of June 30, 2023, the three month LIBOR rate was replaced by the three month CME term Secured Overnight Financing Rate (“SOFR”) as adjusted by adding 0.26%, the relevant spread adjustment. Other Borrowings The Bank has an unsecured, uncommitted $10,000 line of credit with Zions Bank. There were no advances outstanding under this line of credit at either June 30, 2023 or December 31, 2022. ​ The Bank also has an unsecured, uncommitted $50,000 line of credit with Pacific Coast Bankers Bank. There were no advances outstanding under this line of credit at either June 30, 2023 or December 31, 2022.

Employee Benefits

Employee Benefits	6 Months Ended
	Jun. 30, 2023
Employee Benefits
Employee Benefits	8. Employee Benefits Pension Plan The Bank maintains a noncontributory defined benefit pension plan covering substantially all of its employees 21 years of age or older who had completed at least one year of service as of June 30, 2012, the effective date on which the Board of Directors of the Bank voted to freeze the defined benefit plan. The following table sets forth the plan’s funded status and amounts recognized in the Company’s consolidated statements of financial condition: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 ​ Projected and accumulated benefit obligation ​ $ (18,700) ​ $ (17,138) ​ Plan assets at fair value ​ 17,741 ​ 16,906 ​ Funded status included in accrued expenses and other liabilities ​ $ (959) ​ $ (232) ​ ​ The net periodic pension cost and amounts recognized in other expense are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ 2023 2022 Interest cost ​ $ 430 ​ $ 317 Expected return on plan assets ​ (465) ​ (503) Amortization of unrecognized loss ​ 187 ​ 133 Net periodic cost (benefit) ​ $ 152 ​ $ (53) ​ The expected long-term rate of return on plan assets has been determined by applying historical average investment returns from published indexes relating to the current allocation of assets in the plan. Plan assets are invested in pooled separate accounts consisting of underlying investments in eight diversified investment funds. As of June 30, 2023, the investment funds included six equity funds and two fixed income bond funds, each with its own investment objectives, investment strategies and risks, as detailed in the Company’s investment policy statement. The Company determines the appropriate strategic asset allocation versus plan liabilities, as governed by the investment policy statement. The assets of the plan are invested under the supervision of the Company’s investment committee in accordance with the investment policy statement. The investment options of the plan are chosen in a manner consistent with generally accepted standards of fiduciary responsibility. The investment performance of the Company’s individual investment managers, with the assistance of the Company’s investment consultant, is monitored on a quarterly basis and is reviewed at least annually relative to the objectives and guidelines as stated in the Company’s investment policy statement. The Company did not make a contribution to the plan in the first six months of 2023 or 2022. The fair value of the Company’s pension plan assets, by fair value hierarchy, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in separate accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed income ​ $ 12,349 ​ $ — ​ $ — ​ $ 12,349 Equity ​ 5,392 ​ — ​ — ​ 5,392 Total assets at fair value ​ $ 17,741 ​ $ — ​ $ — ​ $ 17,741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in separate accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed income ​ $ 11,600 ​ $ — ​ $ — ​ $ 11,600 Equity ​ 5,306 ​ — ​ — ​ 5,306 Total assets at fair value ​ $ 16,906 ​ $ — ​ $ — ​ $ 16,906 ​ The pooled separate accounts are valued at the net asset per unit based on either the observable net asset value of the underlying investment or the net asset value of the underlying pool of securities. Net asset value is based on the value of the underlying assets owned by the fund, minus its liabilities and then divided by the number of shares outstanding. For a detailed disclosure on the Bank’s pension and employee benefits plans, please refer to Note 10 of the Company’s Consolidated Financial Statements for the year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K Defined Contribution Plan The Bank sponsors a 401(k) defined contribution plan. Participants are permitted, in accordance with the provisions of Section 401(k) of the Internal Revenue Code, to contribute up to 25% of their earnings (as defined) into the plan with the Bank matching up to 6%, subject to Internal Revenue Service limitations. The Bank’s contributions charged to operations amounted to $563 and $602 for the six months ended June 30, 2023 and 2022, respectively. Deferred Compensation Arrangements Directors’ Plan, (formerly the “Trustees Plan”) The Bank’s Deferred Compensation Plan for Fees of Directors, as amended and restated effective January 1, 2005 (the “Directors’ Plan”), covers directors who elect to defer receipt of all or a portion of their fees until separation from service. Upon resignation, retirement, or death, the participant’s total deferred compensation, including earnings thereon, will be paid out. At June 30, 2023 and December 31, 2022, total amounts due to participants of $3,049 and $2,761, respectively, were included in accrued expenses and other liabilities. Total expenses related to the Directors’ Plan were $102 and $114 for the six months ended June 30, 2023 and 2022, respectively, which were included in other non-interest expense in the consolidated statements of income. Executive Long-Term Incentive and Retention Plan The Bank maintains an Executive Long-Term Incentive and Retention Plan (the “Executive Plan”). Participation in the Executive Plan is limited to officers of the Company designated as participants by the Board of Directors and who filed a properly completed and executed participation agreement in accordance with the terms of the Executive Plan. Under the Executive Plan, the Board of Directors may grant annual incentive awards equal to a percentage of a participant’s base salary at the rate in effect on the last day of the Executive Plan year, as determined by the Board of Directors based on the attainment of criteria established annually by the Board of Directors. Incentive awards under the Executive Plan are credited to the participant’s incentive benefit account as of the last day of the Executive Plan year to which the award relates and earn interest at a rate determined annually by the Board of Directors. Participants vest in their benefit accounts in accordance with the vesting schedule approved by the Board of Directors, which ranges from one Group Term Replacement Plan Under the terms of the “Group Term Replacement Plan”, the Company provides postretirement life insurance benefits to certain officers. The liability related to these postretirement benefits is being accrued over the individual participants’ service period and aggregated $1,606 and $1,580 at June 30, 2023 and December 31, 2022, respectively. The Company recognized expenses of $26 and $24 for the six-month periods ended June 30, 2023 and June 30, 2022, respectively, related to this plan, which are included in salaries and employee benefits expense in the consolidated statements of income. Other Director and Officer Postretirement Benefits The Company has individual fee continuation agreements with certain directors and a supplemental retirement agreement with an executive officer which provide for fixed postretirement benefits to be paid to the directors and the officer, or their beneficiaries, for periods ranging from 15 to 20 years. In addition, the Company has agreements with certain directors which provide for certain postretirement life insurance benefits. The liability related to these postretirement benefits is being accrued over the individual participants’ service period and aggregated $2,041 and $2,031 at June 30, 2023 and December 31, 2022, respectively. The Company recognized expenses of $31 and $42 for the six months ended June 30, 2023 and 2022, respectively, related to these benefits, which are included in other non-interest expenses in the consolidated statements of income. Employee Stock Ownership Plan On January 1, 2019, the Bank established an Employee Stock Ownership Plan (“ESOP”) to provide Company stock to eligible employees. The plan is a tax-qualified retirement plan for the benefit of Bank employees. On January 16, 2019, the Company granted a loan to the ESOP for the purchase of 436,425 shares of the Company’s common stock at a price of $10.00 per share. The loan obtained by the ESOP from the Company is payable annually over 20 years at a rate per annum equal to the Prime Rate, reset annually on January 1st (7.50% at January 1, 2023). Loan payments are funded by cash contributions from the Bank. The loan is secured by the shares purchased, which are held in a suspense account for allocation among participants as the loan is repaid. The balance of the ESOP loan at June 30, 2023 was $3,741. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The number of shares committed to be released annually is 21,821 through 2039. Shares held by the ESOP include the following: ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 Allocated ​ 87,284 65,463 Committed to be allocated ​ 10,908 21,821 Unallocated ​ 338,233 349,141 Paid out to participants ​ (4,376) ​ (4,376) Total shares ​ 432,049 432,049 ​ The fair value of unallocated shares was $2,276 at June 30, 2023. Total compensation expense recognized in connection with the ESOP for the six months ended June 30, 2023 and 2022 was $88 and $111, respectively. Share-Based Compensation Plan On May 26, 2020, stockholders of the Company approved the 2020 Equity Incentive Plan (the “EIP”). The EIP authorizes the issuance to participants of up to 763,743 shares of Rhinebeck Bancorp common stock pursuant to grants of incentive and non-qualified stock options, restricted stock awards and restricted stock units. Of this number, the maximum number of shares of Rhinebeck Bancorp common stock that may be issued under the EIP pursuant to the exercise of stock options is 545,531 shares, and the maximum number of shares of Rhinebeck Bancorp common stock that may be issued as restricted stock awards or restricted stock units is 218,212 shares. These amounts represented 4.90% and 1.96%, respectively, of the number of shares of common stock issued in the stock offering of Rhinebeck Bancorp, including the shares issued to Rhinebeck Bancorp, MHC. Pursuant to terms of the EIP, on August 25, 2020, the Board of Directors granted restricted stock and stock options to employees and directors. All of the awards vest annually over a three-year period from the date of the grant and the term of each option is ten years. As of June 30, 2023, there were 103,147 stock options and 49,778 restricted stock awards that remain available for future grants. The fair value of each option granted under the EIP is estimated on the date of grant using the Black-Scholes Option-Pricing Model. The expected volatility is based on the historical volatility of a peer group of comparable SEC-reporting bank holding companies. The dividend yield assumption is based on the Company’s expectation of dividend payouts. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the date of grant. The Company has elected to recognize forfeitures as they occur. ​ ​ A summary of options under the 2020 EIP as of June 30, 2023 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted - ​ Weighted-Average ​ ​ Number of ​ Average ​ Remaining Contractual ​ ​ Shares ​ Exercise Price ​ Term (in Years) Options outstanding at beginning of year ​ 437,930 ​ $ 6.62 ​ 7.66 Granted ​ - ​ ​ - ​ - Exercised ​ - ​ ​ - ​ - Forfeited ​ (1,001) ​ ​ 6.57 ​ - Options outstanding at June 30, 2023 ​ 436,929 ​ $ 6.62 ​ 7.14 Options exercisable at June 30, 2023 ​ 290,126 ​ $ 6.62 ​ 7.12 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2023, the aggregate intrinsic value of the stock options outstanding, which fluctuates based on changes in the fair market value of the Company’s stock, was $68 . The aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company’s closing stock price on the last trading day of period and the weighted-average exercise price, multiplied by the number of shares) that would have been received by the option holders had all option holders exercised their options on June 30, 2023. ​ As of June 30, 2023, there was $40 of unrecognized compensation cost related to the nonvested stock options granted under the 2020 EIP. The cost is expected to be recognized over a remaining period of 0.18 years. The following table summarizes the Company’s restricted stock activity for the six months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ Number ​ ​ Grant Date ​ ​ of Shares ​ ​ Fair Value per Share Non-vested restricted stock at beginning of year ​ 56,266 ​ $ 6.57 Granted ​ - ​ - Vested ​ - ​ - Forfeited ​ (668) ​ 6.57 Non-vested restricted stock at June 30, 2023 ​ 55,598 ​ $ 6.57 ​ As of June 30, 2023, there was $56 of unrecognized compensation cost related to the nonvested restricted stock awards granted under the 2020 EIP. The cost is expected to be recognized over a remaining period of 0.15 years. For the six months ended June 30, 2023, share-based compensation of options and restricted stock under the plan totaled $300.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases
Leases	9. Leases As of June 30, 2023, the Company leased real estate for seven branch offices and two administrative offices under various lease agreements. All of our leases are classified as operating leases. The calculated amount of the right-of-use assets and lease liabilities are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s leases have maturities which range from 2024 to 2041, some of which include lessee options to extend the lease term. If the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the right-of-use asset and lease liability. The weighted average remaining life of the lease terms for these leases was 10.9 years and 11.6 years as of June 30, 2023 and December 31, 2022, respectively. As most of our leases do not provide an implicit rate, the Company used its incremental borrowing rate, the rate of interest to borrow on a collateralized basis for a similar term, at the lease commencement date. The Company utilized a weighted average discount rate of 2.53% and 2.58% in determining the lease liability as of June 30, 2023 and December 31, 2022, respectively. For the six months ended June 30, 2023 and 2022, total operating lease costs were $358 and $397, respectively, and were included in occupancy and other expense. Deferred rent liability was $86 and $105 at June 30, 2023 and December 31, 2022, respectively. The right-of-use asset, included in other assets, was $6,603 and $6,896 and the corresponding lease liability, included in accrued expenses and other liabilities, was $6,603 and $6,896 as of June 30, 2023 and December 31, 2022, respectively. ​ Future minimum payments for operating leases with initial or remaining terms of one year or more as of June 30, 2023 were as follows: ​ ​ ​ ​ ​ Years ending December 31: ​ ​ 2023 ​ $ 380 2024 ​ 764 2025 ​ 739 2026 ​ 720 2027 ​ 676 Thereafter ​ 4,394 Total future minimum lease payments ​ ​ 7,673 Amounts representing interest ​ ​ (1,070) Present Value of Net Future Minimum Lease Payments ​ $ 6,603 ​

Commitments and Contingencies a

Commitments and Contingencies and Derivatives	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies and Derivatives
Commitments and Contingencies and Derivatives	10. Commitments and Contingencies and Derivatives Legal Matters The Company is involved in various legal proceedings which have arisen in the normal course of business. Management believes that resolution of these matters will not have a material effect on the Company’s financial condition or results of operations. Employment Agreements The Company has entered into employment agreements with certain officers. The agreements provide for base salaries and incentive compensation based on performance criteria outlined in the agreements. The agreements also provide for insurance and various other benefits. Financial Instruments with Off-Balance-Sheet Risk In the normal course of business, the Company is a party to financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments include standby letters of credit and commitments to extend credit, which include new loan commitments, undisbursed portions of construction loans and other lines of credit and loans sold with recourse. We are obligated under a recourse provision associated with certain first mortgage renovation loans sold in the secondary market. These financial instruments involve, to varying degrees, elements of interest rate risk in excess of the amounts recognized in the statements of financial condition. The contractual amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. On January 1, 2023, the Company adopted ASU 2016-13 and implemented the CECL methodology for allowance for credit losses which requires the measurement of expected lifetime credit losses for unfunded commitments that are considered off-balance sheet credit exposures. The ACL on unfunded commitments is management’s estimate of expected credit losses over the expected contractual term (or life) in which the Company is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Company. For each portfolio, estimated loss rates and funding factors are applied to the corresponding balance of unfunded commitments. For each portfolio, the estimated loss rates applied to unfunded commitments are the same quantitative and qualitative loss rates applied to the corresponding on-balance sheet amounts in determining the ACL on loans. The estimated funding factor applied to unfunded commitments represents the likelihood that the funding will occur and is based upon the Company’s average historical utilization rate for each portfolio. As a result of adopting the CECL standard, the Company recognized an increase in the ACL on unfunded commitments of $221 on January 1, 2023. ​ Financial instruments whose contract amounts represent off-balance sheet credit risk are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 ​ Commitments to extend credit summarized as follows: ​ ​ ​ ​ ​ ​ ​ Future loan commitments ​ $ 5,946 ​ $ 3,815 ​ Undisbursed construction loans ​ 56,892 ​ 30,274 ​ Undisbursed home equity lines of credit ​ 10,457 ​ 9,561 ​ Undisbursed commercial and other line of credit ​ 76,155 ​ 77,719 ​ Standby letters of credit ​ 6,135 ​ 4,571 ​ Loans sold with recourse ​ 1,075 ​ 276 ​ Total ​ $ 156,660 ​ $ 126,216 ​ ​ Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Since these commitments could expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include residential and commercial property, deposits and securities. Activity in the Company’s ACL for unfunded commitments for the three and six months ended June 30, 2023 is summarized in the tables below and included in accrued expenses and other liabilities. The Adoption of the CECL Standard row presents adjustments recorded on January 1, 2023 through retained earnings. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Three months ended June 30, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 168 ​ $ — ​ $ 66 ​ $ — ​ $ 7 ​ $ 241 Provision for (reversal of) credit losses ​ ​ 32 ​ ​ — ​ ​ (5) ​ ​ — ​ ​ — ​ ​ 27 Ending balance ​ $ 200 ​ $ — ​ $ 61 ​ $ — ​ $ 7 ​ $ 268 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Six months ended June 30, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Adoption of CECL standard ​ ​ 149 ​ ​ — ​ ​ 65 ​ ​ — ​ ​ 7 ​ ​ 221 Provision for (reversal of) credit losses ​ ​ 51 ​ ​ — ​ ​ (4) ​ ​ — ​ ​ — ​ ​ 47 Ending balance ​ $ 200 ​ $ — ​ $ 61 ​ $ — ​ $ 7 ​ $ 268 ​ ​ Interest Rate Swaps The Company enters into interest rate swaps that allow commercial loan customers to effectively convert a variable-rate loan agreement to a fixed-rate loan agreement. Under these agreements, the Company simultaneously enters into a variable-rate loan and interest rate swap agreements with a customer. The Company then enters into a corresponding and offsetting swap agreement with a third party to hedge its exposure created by the customer agreements. The interest rate swaps with both the customers and third parties are not designated as hedges under FASB ASC Topic 815, Derivatives and Hedging, and are marked to market through earnings. The fair values of the swaps are recorded as both an asset and a liability, in other assets and other liabilities, respectively, in equal amounts for these transactions. The accrued interest receivable payable Summary information regarding these derivatives is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 ​ 2022 ​ Notational amount ​ $ 39,466 ​ ​ $ 26,541 ​ Fair value ​ $ 4,945 ​ ​ $ 3,578 ​ Weighted average pay rates ​ ​ 4.50 % ​ ​ 3.69 % Weighted average receive rates ​ ​ 5.90 % ​ ​ 6.30 % Weighted average maturity (in years) ​ ​ 8.53 ​ ​ ​ 8.79 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Contracts ​ ​ 11 ​ ​ ​ 7 ​ ​ Not included in the table above are seven contracted forward rate swaps with a notional value of $40,511 and a fair value of $1,252 with effective dates at various points in 2023 and 2024. These forward swaps have a fixed weighted average pay rate of 4.97% and the related weighted average adjustable receive rates will be determined at the time the forward swaps become effective.

Regulatory Matters

Regulatory Matters	6 Months Ended
	Jun. 30, 2023
Regulatory Matters
Regulatory Matters	11. Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items, as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the tables below) of total, common equity Tier 1 and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital (as defined) to average assets (as defined). Management believes, as of June 30, 2023 and December 31, 2022, that the Bank met all capital adequacy requirements to which they are subject. The most recent notification from the Federal Deposit Insurance Corporation (“FDIC”) categorized the Bank as “well capitalized” under the regulatory framework. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, common equity Tier 1, Tier I risk-based and Tier I leverage ratios as set forth in the table below. There are no conditions or events since then, which management believes have changed the Bank’s category. The Bank’s actual capital amounts and ratios were: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized under ​ ​ ​ ​ ​ ​ ​ For Capital Adequacy ​ Prompt Corrective Action ​ ​ Actual ​ Purposes ​ Provisions ​ Amount Ratio Amount Ratio Amount Ratio ​ ​ June 30, 2023 Rhinebeck Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 142,073 12.35 % $ 92,054 8.00 % $ 115,068 10.00 % Tier 1 capital (to risk-weighted assets) ​ 133,802 11.63 % 69,041 6.00 % 92,054 8.00 % Common equity tier one capital (to risk weighted assets) ​ 133,802 11.63 % 51,780 4.50 % 74,794 6.50 % Tier 1 capital (to average assets) ​ 133,802 9.74 % 54,965 4.00 % 68,707 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Rhinebeck Bank ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 139,257 12.25 % $ 90,980 8.00 % $ 113,725 10.00 % Tier 1 capital (to risk-weighted assets) ​ 131,314 11.55 % 68,235 6.00 % 90,980 8.00 % Common equity tier one capital (to risk weighted assets) ​ 131,314 11.55 % 51,176 4.50 % 73,921 6.50 % Tier 1 capital (to average assets) ​ 131,314 9.75 % 53,868 4.00 % 67,335 5.00 % ​

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2023
Fair Value
Fair Value	12. Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. A description of the valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value for financial and non-financial instruments not recorded at fair value, is set forth below. Cash and Cash Equivalents The carrying amount is a reasonable estimate of fair value. Available for Sale Securities Where quoted prices are available in an active market for identical securities, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include marketable equity securities and U.S. Treasury obligations. If quoted prices are not available, then fair values are estimated by using pricing models (i.e., matrix pricing) or quoted prices of securities with similar characteristics and are classified within Level 2 of the valuation hierarchy. Examples of such instruments include government agency bonds, mortgage-backed securities and municipal bonds. Level 3 securities include securities for which significant unobservable inputs are utilized. Available for sale securities are recorded at fair value on a recurring basis. FHLB Stock The carrying value of FHLB stock approximates fair value based on the redemption provisions of the FHLB. Loans Loans receivable are carried at cost. For variable rate loans which reprice frequently carrying values are a reasonable estimate of fair values, adjusted for credit losses inherent in the portfolios. The fair value of fixed rate loans is estimated by discounting the future cash flows using the year end rates, estimated using local market data, at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, adjusted for credit losses inherent in the portfolios. The Company does not record loans at fair value on a recurring basis. However, from time to time, nonrecurring fair value adjustments to collateral-dependent individually analyzed loans are recorded to reflect partial write-downs based on the observable market price or current appraised value of collateral. Other Real Estate Owned Other real estate owned represents real estate acquired through foreclosure and is carried at fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. These assets are included as Level 3 fair values, based upon the lowest level of input that is utilized in the fair value measurements. Accrued Interest The carrying amounts of accrued interest approximate fair value. Mortgage Servicing Rights The fair value of mortgage servicing rights is based on a valuation model that calculates the present value of estimated future net servicing income. Mortgage servicing rights are carried at the lower of amortized cost or estimated fair value and are included in other assets on the consolidated statements of financial condition. Deposits Deposit liabilities are carried at cost. The fair value of NOW, savings and money market deposits is the amount payable on demand at the reporting date. The fair value of time certificates of deposit is estimated using a discounted cash flow calculation that applies interest rates currently being offered for deposits of similar remaining maturities estimated using local market data to a schedule of aggregated expected maturities on such deposits. Mortgagors’ Escrow Accounts The fair value is estimated using a discounted cash flow calculation that applies interest rates currently being offered on deposited escrow accounts of similarly expected maturities. Advances from the FHLB The fair value of the advances is estimated using a discounted cash flow calculation that applies current FHLB interest rates for advances of similar maturity to a schedule of maturities of such advances. Subordinated Debt Based on the floating rate characteristic of these instruments, the carrying value is considered to approximate fair value. Off-Balance-Sheet Instruments Fair values for off-balance-sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standings. Such amounts are not significant. Loan Level Interest Rate Swaps The fair value is based on settlement values adjusted for credit risks associated with the counterparties and the Company and observable market interest rate curves. The following tables detail the assets that are carried at fair value on a recurring basis as of the periods shown and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Significant ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ Balance Assets (Level 1) Inputs (Level 2) Inputs (Level 3) ​ ​ June 30, 2023 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 33,299 ​ $ 33,299 ​ $ — ​ $ — U.S. government agency mortgage-backed securities-residential ​ ​ 135,186 ​ ​ — ​ ​ 135,186 ​ ​ — U.S. government agency securities ​ 22,584 ​ — ​ 22,584 ​ — Municipal securities ​ 2,888 ​ — ​ 2,758 ​ 130 Corporate Bonds ​ ​ 12,220 ​ ​ — ​ ​ 12,220 ​ ​ — Other ​ 677 ​ — ​ 677 ​ — Total available for sale securities ​ ​ 206,854 ​ ​ 33,299 ​ ​ 173,425 ​ ​ 130 Loan level interest rate swaps ​ ​ 6,197 ​ ​ — ​ ​ 6,197 ​ ​ — Total assets ​ $ 213,051 ​ $ 33,299 ​ $ 179,622 ​ $ 130 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan level interest rate swaps ​ $ 6,197 ​ $ — ​ $ 6,197 ​ $ — Total liabilities ​ $ 6,197 ​ $ — ​ $ 6,197 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 37,857 ​ $ 37,857 ​ $ — ​ $ — U.S. government agency mortgage-backed securities – residential ​ ​ 144,534 ​ ​ — ​ ​ 144,534 ​ ​ — U.S. government agency securities ​ 22,449 ​ — ​ 22,449 ​ — Municipal securities ​ 4,786 ​ — ​ 4,656 ​ 130 Corporate Bonds ​ ​ 13,217 ​ ​ — ​ ​ 13,217 ​ ​ — Other ​ 816 ​ — ​ 816 ​ — Total available for sale securities ​ ​ 223,659 ​ ​ 37,857 ​ ​ 185,672 ​ ​ 130 Loan level interest rate swaps ​ ​ 4,548 ​ ​ — ​ ​ 4,548 ​ ​ — Total assets ​ $ 228,207 ​ $ 37,857 ​ $ 190,220 ​ $ 130 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan level interest rate swaps ​ $ 4,548 ​ $ — ​ $ 4,548 ​ $ — Total liabilities ​ $ 4,548 ​ $ — ​ $ 4,548 ​ $ — ​ The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of June 30, 2023 and December 31, 2022 and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Significant ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ Balance Assets (Level 1) Inputs (Level 2) Inputs (Level 3) ​ ​ June 30, 2023 Individually analyzed loans, with specific reserves ​ $ 164 ​ $ — ​ $ — ​ $ 164 Total ​ $ 164 ​ $ — ​ $ — ​ $ 164 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Impaired loans, with specific reserves ​ $ 319 ​ $ — ​ $ — ​ $ 319 Total ​ $ 319 ​ $ — ​ $ — ​ $ 319 ​ Loans that were individually analyzed using the fair value of the collateral had recorded investments of $226 and $428 with valuation allowances of $62 and $109 resulting in fair values of $164 and $319 at June 30, 2023 and December 31, 2022, respectively. The valuation allowance represents specific allocations to the allowance for credit losses. ​ The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information About Level 3 Fair Value Measurements ​ ​ Fair Value ​ Valuation ​ Unobservable ​ Range ​ Estimate Techniques Input (Weighted Average) ​ ​ June 30, 2023 Individually analyzed loans, with specific reserves ​ $ 164 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% ​ ​ ​ ​ ​ ​ ​ Appraisal adjustments (2) 0% to 20% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Impaired loans ​ $ 319 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% ​ ​ ​ ​ ​ ​ ​ Appraisal adjustments (2) 0% to 20% (1) Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value. (3) Estimated costs to sell. The estimated fair value amounts for 2023 and 2022 have been measured as of their respective reporting dates and have not been reevaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than amounts reported at each year-end. The information presented should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company’s assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. As of the following dates, the carrying value and fair values of the Company’s financial instruments were: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 ​ 2022 ​ Carrying Value Fair Value Carrying Value Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents (Level 1) ​ $ 53,948 ​ $ 53,948 ​ $ 31,384 ​ $ 31,384 Available for sale securities (Level 1) ​ 33,299 ​ 33,299 ​ 37,857 ​ 37,857 Available for sale securities (Level 2) ​ 173,425 ​ 173,425 ​ 185,672 ​ 185,672 Available for sale securities (Level 3) ​ 130 ​ 130 ​ 130 ​ 130 Loan level interest rate swaps (Level 2) ​ ​ 6,197 ​ ​ 6,197 ​ ​ 4,548 ​ ​ 4,548 FHLB stock (Level 2) ​ 5,542 ​ 5,542 ​ 3,258 ​ 3,258 Loans, net (Level 3) ​ 987,024 ​ 959,948 ​ 994,368 ​ 953,432 Accrued interest receivable (Level 2) ​ 3,020 ​ 3,020 ​ 4,255 ​ 4,255 Mortgage servicing rights (Level 3) ​ 2,195 ​ 4,771 ​ 2,409 ​ 5,211 Financial Liabilities: ​ ​ ​ ​ Deposits (Level 2) ​ 1,077,456 ​ 981,983 ​ 1,129,933 ​ 1,001,455 Mortgagors' escrow accounts (Level 2) ​ 13,464 ​ 13,464 ​ 9,732 ​ 9,723 FHLB advances (Level 2) ​ 106,450 ​ 105,450 ​ 57,723 ​ 57,739 Subordinated debt (Level 2) ​ 5,155 ​ 5,155 ​ 5,155 ​ 5,155 Loan level interest rate swaps (Level 2) ​ ​ 6,197 ​ ​ 6,197 ​ ​ 4,548 ​ ​ 4,548 Accrued interest payable (Level 2) ​ ​ 1,189 ​ ​ 1,189 ​ ​ 774 ​ ​ 774 ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Loss.
Accumulated Other Comprehensive Loss	13. Accumulated Other Comprehensive Loss The activity in accumulated other comprehensive loss for the three and six months ended June 30, 2023 and 2022 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated Other Comprehensive Loss (1) ​ ​ ​ ​ ​ Unrealized (losses) ​ ​ ​ ​ ​ ​ ​ ​ gains on ​ ​ ​ ​ ​ Defined Benefit ​ available for sale ​ ​ ​ ​ Pension Plan securities Total Balance at March 31, 2023 ​ $ (3,997) ​ $ (25,971) ​ $ (29,968) Other comprehensive loss before reclassifications ​ (307) ​ (3,039) ​ (3,346) Amounts reclassified from accumulated other comprehensive loss ​ (148) ​ — ​ (148) Period change ​ (455) ​ (3,039) ​ (3,494) Balance at June 30, 2023 ​ $ (4,452) ​ $ (29,010) ​ $ (33,462) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at March 31, 2022 ​ $ (3,901) ​ $ (13,673) ​ $ (17,574) Other comprehensive loss before reclassifications ​ (768) ​ (5,653) ​ (6,421) Amounts reclassified from accumulated other comprehensive loss ​ 106 ​ 128 ​ 234 Period change ​ (662) ​ (5,525) ​ (6,187) Balance at June 30, 2022 ​ $ (4,563) ​ $ (19,198) ​ $ (23,761) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated Other Comprehensive Loss (1) ​ ​ ​ ​ ​ Unrealized (losses) ​ ​ ​ ​ ​ ​ ​ ​ gains on ​ ​ ​ ​ ​ Defined Benefit ​ available for sale ​ ​ ​ ​ Pension Plan securities Total Balance at December 31, 2022 ​ $ (3,997) ​ $ (28,192) ​ $ (32,189) Other comprehensive loss before reclassifications ​ (307) ​ (818) ​ (1,125) Amounts reclassified from accumulated other comprehensive loss ​ (148) ​ — ​ (148) Period change ​ (455) ​ (818) ​ (1,273) Balance at June 30, 2023 ​ $ (4,452) ​ $ (29,010) ​ $ (33,462) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2021 ​ $ (3,901) ​ $ (2,734) ​ $ (6,635) Other comprehensive loss before reclassifications ​ (768) ​ (16,592) ​ (17,360) Amounts reclassified from accumulated other comprehensive loss ​ 106 ​ 128 ​ 234 Period change ​ (662) ​ (16,464) ​ (17,126) Balance at June 30, 2022 ​ $ (4,563) ​ $ (19,198) ​ $ (23,761) (1) All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0%. ​ ​ ​

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share
Earnings Per Share	14. Earnings Per Share Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed in a manner similar to that of basic earnings per share except that the weighted-average number of common shares outstanding is increased to include the number of incremental shares (computed using the treasury method) that would have been outstanding if all potentially dilutive common stock equivalents (such as options) were issued during the period. Unearned ESOP shares are not deemed outstanding for earnings per share calculations. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2023 2022 ​ 2023 ​ 2022 Net income applicable to common stock ​ $ 1,431 ​ $ 2,029 ​ $ 2,229 ​ $ 4,082 ​ ​ ​ ​ ​ Average number of common shares outstanding ​ 11,164,563 ​ 11,183,583 ​ 11,196,255 ​ 11,183,583 Less: Average unearned ESOP shares ​ 340,965 ​ 362,781 ​ 343,692 ​ 365,508 Average number of common shares outstanding used to calculate basic earnings per common share ​ 10,823,598 ​ 10,820,802 ​ 10,852,563 ​ 10,818,075 Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share ​ ​ 41,230 ​ ​ 64,017 ​ ​ 37,617 ​ ​ 62,016 Additional common stock equivalents (stock options) used to calculate diluted earnings per share ​ ​ 18,009 ​ ​ 107,609 ​ ​ 66,288 ​ ​ 121,369 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share ​ ​ 10,882,837 ​ ​ 10,992,428 ​ ​ 10,956,468 ​ ​ 11,001,460 ​ ​ ​ ​ ​ Earnings per Common share: ​ ​ ​ ​ Basic ​ $ 0.13 ​ $ 0.19 ​ $ 0.21 ​ $ 0.38 Diluted ​ $ 0.13 ​ $ 0.18 ​ $ 0.20 ​ $ 0.37 ​

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Nature of Business and Significant Accounting Policies
Basis of Financial Statements Presentation	Basis of Financial Statements Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, as of the date of the consolidated statements of financial condition and reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the evaluation of goodwill for impairment and the valuation of deferred tax assets.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation.
Impact of Recent Accounting Pronouncements	Impact of Recent Accounting Pronouncements Adoption of New Accounting Standards in 2023 Effective January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13 “ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which replaced the prior incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL” or the “CECL Standard”). The measurement of expected credit losses under the CECL Standard is applicable to financial assets measured at amortized cost, including portfolio loans and investment securities classified as held-to-maturity. It also applies to off-balance sheet credit exposures including loan commitments, standby letters of credit, financial guarantees and other similar instruments. In addition, the CECL Standard changes the accounting for investment securities classified as available for sale ("AFS"), including a requirement that estimated credit losses on AFS securities be presented as an allowance rather than as a direct write-down of the carrying balance of securities which we do not intend to sell, or believe that it is more likely than not, that we will be required to sell. The Company adopted the CECL Standard using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning on or after January 1, 2023 are presented under the CECL Standard while prior period amounts continue to be reported in accordance with previously applicable accounting guidance. The adoption of the CECL Standard resulted in the following adjustments to our financial statements as of January 1, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in Consolidated ​ ​ ​ ​ Change to Retained Earnings ​ ​ Statement of Condition ​ Tax Effect ​ from Adoption of CECL Allowance for credit losses (loans) ​ $ 580 ​ $ 122 ​ $ 458 ACL (unfunded credit commitments) ​ ​ 221 ​ ​ 46 ​ ​ 175 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impact of CECL adoption ​ $ 801 ​ $ 168 ​ $ 633 ​ Effective January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings (“TDRs”) in ASC 310-40, “Receivables - Troubled Debt Restructurings by Creditors” for entities that have adopted the CECL model introduced by ASU 2016-13. ASU 2022-02 also requires that public business entities disclose current-period gross charge-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, “Financial Instruments—Credit Losses—Measured at Amortized Cost”. The Company adopted ASU 2022-02 on January 1, 2023. The adoption of ASU 2022-02 did not have a material effect on the Company’s consolidated financial statements.
Emerging Growth Company Status	Emerging Growth Company Status ​ As an emerging growth company, the Company may delay adoption of new or revised financial accounting standards until such date that the standards are required to be adopted by non-issuer companies. If such standards would not apply to non-issuer companies, no deferral would be applicable. The Company is taking advantage of the benefits of the extended transition periods allowed under the Jumpstart Our Business Startups Act. Accordingly, the Company’s consolidated financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the recent accounting standards reflect those that relate to non-issuer companies.

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Standards Update 2016-13
Nature Of Business And Significant Accounting Policies [Line Items]
Schedule of adoption of CECL adjustments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in Consolidated ​ ​ ​ ​ Change to Retained Earnings ​ ​ Statement of Condition ​ Tax Effect ​ from Adoption of CECL Allowance for credit losses (loans) ​ $ 580 ​ $ 122 ​ $ 458 ACL (unfunded credit commitments) ​ ​ 221 ​ ​ 46 ​ ​ 175 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impact of CECL adoption ​ $ 801 ​ $ 168 ​ $ 633

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Investment Securities
Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities	The amortized cost, gross unrealized gains and losses and fair values of available for sale securities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ Amortized Cost Gains Losses Fair Value U.S. Treasury securities ​ $ 35,123 ​ $ — ​ $ (1,824) ​ $ 33,299 U.S. government agency mortgage-backed securities–residential ​ ​ 165,057 ​ ​ — ​ ​ (29,871) ​ ​ 135,186 U.S. government agency securities ​ 24,780 ​ — ​ (2,196) ​ 22,584 Municipal securities (1) ​ 3,181 ​ — ​ (293) ​ 2,888 Corporate bonds ​ 14,700 ​ — ​ (2,480) ​ 12,220 Other ​ 734 ​ — ​ (57) ​ 677 Total ​ $ 243,575 ​ $ — ​ $ (36,721) ​ $ 206,854 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ Amortized Cost Gains Losses Fair Value U.S. Treasury securities ​ $ 40,172 ​ $ — ​ $ (2,315) ​ $ 37,857 U.S. government agency mortgage-backed securities–residential ​ ​ 173,926 ​ ​ — ​ ​ (29,392) ​ ​ 144,534 U.S. government agency securities ​ ​ 24,785 ​ — ​ (2,336) ​ 22,449 Municipal securities (1) ​ 5,117 ​ — ​ (331) ​ 4,786 Corporate bonds ​ ​ 14,700 ​ — ​ (1,483) ​ 13,217 Other ​ ​ 644 ​ 172 ​ — ​ 816 Total ​ $ 259,344 ​ $ 172 ​ $ (35,857) ​ $ 223,659 (1) The issuers of municipal securities are all within New York State.
Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position	The following tables present the fair value and unrealized losses of the Company’s available for sale securities with gross unrealized losses aggregated by the length of time the individual securities have been in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury securities ​ $ — ​ $ — ​ $ 33,299 ​ $ (1,824) ​ $ 33,299 ​ $ (1,824) U.S. government agency mortgage-backed securities-residential ​ ​ 437 ​ ​ (31) ​ ​ 134,749 ​ ​ (29,840) ​ ​ 135,186 ​ ​ (29,871) U.S. government agency securities ​ ​ — ​ ​ — ​ ​ 22,584 ​ ​ (2,196) ​ ​ 22,584 ​ ​ (2,196) Municipal securities ​ ​ 516 ​ ​ (14) ​ ​ 2,242 ​ ​ (279) ​ ​ 2,758 ​ ​ (293) Corporate bonds ​ ​ 2,427 ​ ​ (573) ​ ​ 9,793 ​ ​ (1,907) ​ ​ 12,220 ​ ​ (2,480) Other ​ ​ 649 ​ ​ (57) ​ ​ — ​ ​ — ​ ​ 649 ​ ​ (57) Total ​ $ 4,029 ​ $ (675) ​ $ 202,667 ​ $ (36,046) ​ $ 206,696 ​ $ (36,721) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury securities ​ $ — ​ $ — ​ $ 37,857 ​ $ (2,315) ​ $ 37,857 ​ $ (2,315) U.S. government agency mortgage-backed securities-residential ​ ​ 23,384 ​ ​ (2,711) ​ ​ 121,151 ​ ​ (26,681) ​ ​ 144,535 ​ ​ (29,392) U.S. government agency securities ​ ​ 9,160 ​ ​ (869) ​ ​ 13,289 ​ ​ (1,467) ​ ​ 22,449 ​ ​ (2,336) Municipal securities ​ ​ 1,529 ​ ​ (4) ​ ​ 3,127 ​ ​ (327) ​ ​ 4,656 ​ ​ (331) Corporate bonds ​ ​ 6,873 ​ ​ (627) ​ ​ 5,844 ​ ​ (856) ​ ​ 12,717 ​ ​ (1,483) Total ​ $ 40,946 ​ $ (4,211) ​ $ 181,268 ​ $ (31,646) ​ $ 222,214 ​ $ (35,857)
Schedule of maturities of debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ December 31, 2022 ​ Amortized Cost Fair Value Amortized Cost Fair Value Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Within 1 year ​ $ 20,467 ​ $ 19,926 ​ $ 16,923 ​ $ 16,512 After 1 but within 5 years ​ 37,902 ​ 34,525 ​ 46,162 ​ 42,225 After 5 but within 10 years ​ 19,415 ​ 16,540 ​ 21,689 ​ 19,572 After 10 years ​ — ​ — ​ — ​ — Total Maturities ​ 77,784 ​ 70,991 ​ 84,774 ​ 78,309 Mortgage-backed securities ​ 165,057 ​ 135,186 ​ 173,926 ​ 144,534 Other ​ 734 ​ 677 ​ 644 ​ 816 Total ​ $ 243,575 ​ $ 206,854 ​ $ 259,344 ​ $ 223,659

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2023
Loans and Allowance for Credit Losses
Schedule of summary loan portfolio	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 ​ Commercial real estate loans: ​ ​ Construction ​ $ 26,291 ​ $ 20,329 ​ Non-residential ​ 299,329 ​ 282,422 ​ Multi-family ​ 79,677 ​ 67,777 ​ Residential real estate loans ​ 60,627 ​ 53,720 ​ Commercial and industrial loans (1) ​ 80,374 ​ 87,982 ​ Consumer loans: ​ ​ ​ Indirect automobile ​ 417,953 ​ 457,223 ​ Home equity ​ 11,661 ​ 11,507 ​ Other consumer ​ 8,709 ​ 9,479 ​ Total gross loans ​ 984,621 ​ 990,439 ​ Net deferred loan costs ​ 10,406 ​ 11,872 ​ Allowance for credit losses ​ (8,003) ​ (7,943) ​ Total net loans ​ $ 987,024 ​ $ 994,368 ​ (1) Includes $368 and $537 in U.S. Small Business Administration (“SBA”), paycheck protection program (“PPP”) loans at June 30, 2023 and December 31, 2022, respectively.
Schedule of classes of the loan portfolio by the aging categories of performing loans and nonaccrual loans	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days Past ​ Total Loans ​ ​ ​ Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ $ 26,291 ​ $ — ​ $ — ​ $ — ​ $ 26,291 ​ $ — Non-residential ​ ​ 294,096 ​ ​ — ​ ​ 3,447 ​ ​ 1,786 ​ ​ 299,329 ​ ​ 1,786 Multifamily ​ ​ 79,314 ​ ​ — ​ ​ 363 ​ ​ — ​ ​ 79,677 ​ ​ — Residential real estate ​ 59,324 ​ 338 ​ 201 ​ 764 ​ 60,627 ​ 1,917 Commercial and industrial ​ 80,100 ​ 107 ​ — ​ 167 ​ 80,374 ​ 167 Consumer: ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ 408,051 ​ 7,848 ​ ​ 1,711 ​ 343 ​ 417,953 ​ 424 Home equity ​ 11,481 ​ 1 ​ ​ — ​ 179 ​ 11,661 ​ 179 Other consumer ​ 8,586 ​ 99 ​ — ​ 24 ​ 8,709 ​ 24 Total ​ $ 967,243 ​ $ 8,393 ​ $ 5,722 ​ $ 3,263 ​ $ 984,621 ​ $ 4,497 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days Past ​ Total Loans ​ ​ ​ Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ $ 20,329 ​ $ — ​ $ — ​ $ — ​ $ 20,329 ​ $ — Non-residential ​ ​ 275,860 ​ ​ 4,701 ​ ​ 479 ​ ​ 1,382 ​ ​ 282,422 ​ ​ 1,382 Multifamily ​ ​ 67,413 ​ ​ 364 ​ ​ — ​ ​ — ​ ​ 67,777 ​ ​ — Residential real estate ​ 51,476 ​ 1,417 ​ 246 ​ 581 ​ 53,720 ​ 1,794 Commercial and industrial ​ 87,742 ​ 57 ​ — ​ 183 ​ 87,982 ​ 183 Consumer: ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ 444,418 ​ 10,714 ​ ​ 1,389 ​ 702 ​ 457,223 ​ 797 Home equity ​ 11,279 ​ 51 ​ ​ 58 ​ 119 ​ 11,507 ​ 217 Other consumer ​ 9,208 ​ 149 ​ 71 ​ 51 ​ 9,479 ​ 51 Total ​ $ 967,725 ​ $ 17,453 ​ $ 2,243 ​ $ 3,018 ​ $ 990,439 ​ $ 4,424
Schedule of amortized cost basis of individually analyzed loans and related ACL	The following table presents the Company’s amortized cost basis of individually analyzed loans and related ACL at June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ Individually analyzed loans Related ACL Commercial real estate: ​ ​ Non-residential ​ $ 1,786 ​ $ — Residential real estate ​ ​ 1,917 ​ ​ — Commercial and industrial ​ ​ 167 ​ ​ — Consumer: ​ ​ ​ Indirect automobile ​ ​ 424 ​ ​ 62 Home equity ​ ​ 277 ​ ​ — Other consumer ​ ​ 24 ​ ​ — Total ​ $ 4,595 ​ $ 62
Schedule of amortized cost basis of only those individually analyzed loans with a related ACL	The following table presents the Company’s amortized cost basis of only those individually analyzed loans with a related ACL at June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ Individually analyzed loans Related ACL Consumer: ​ ​ ​ Indirect automobile ​ ​ 226 ​ ​ 62 Total ​ $ 226 ​ $ 62
Schedule of information to impaired loans by loan portfolio class	Impaired loans disclosures presented below as of December 31, 2022 represent requirements prior to the adoption of CECL on January 1, 2023. The following table summarizes information regarding impaired loans by loan portfolio class: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Recorded ​ Unpaid Principal ​ Related ​ Average Recorded ​ Investment Balance Allowance Investment With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ Non-residential ​ $ 1,382 ​ $ 2,472 ​ $ — ​ $ 1,967 Residential real estate ​ 1,794 ​ 2,445 ​ — ​ 1,890 Commercial and industrial ​ 183 ​ 242 ​ — ​ 309 Consumer: ​ ​ ​ ​ ​ ​ Indirect automobile ​ 371 ​ 439 ​ — ​ 336 Home equity ​ 217 ​ 219 ​ — ​ 146 Other consumer ​ 49 ​ 53 ​ — ​ 38 Total ​ $ 3,996 ​ $ 5,870 ​ $ — ​ $ 4,686 With an allowance recorded: ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ Commercial and industrial ​ $ — ​ $ — ​ $ — ​ $ 114 Consumer: ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ 426 ​ ​ 435 ​ ​ 107 ​ ​ 293 Other consumer ​ 2 ​ 2 ​ 2 ​ 11 Total ​ $ 428 ​ $ 437 ​ $ 109 ​ $ 418 Total: ​ ​ ​ ​ Commercial real estate: ​ ​ ​ ​ Non-residential ​ $ 1,382 ​ $ 2,472 ​ $ — ​ $ 1,967 Residential real estate ​ 1,794 ​ 2,445 ​ — ​ 1,890 Commercial and industrial ​ 183 ​ 242 ​ — ​ 423 Consumer: ​ ​ ​ ​ Indirect automobile ​ 797 ​ 874 ​ 107 ​ 629 Home equity ​ 217 ​ 219 ​ — ​ 146 Other consumer ​ 51 ​ 55 ​ 2 ​ 49 Total ​ $ 4,424 ​ $ 6,307 ​ $ 109 ​ $ 5,104 ​
Schedule of loan balances by segment	Activity in the Company’s ACL for loans for the three and six months ended June 30, 2023 is summarized in the table below. The Adoption of the CECL Standard row presents adjustments recorded on January 1, 2023 through retained earnings. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Three months ended June 30, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 2,341 ​ $ 170 ​ $ 1,201 ​ $ 5,278 ​ $ 113 ​ $ 9,103 Provision for (reversal of) credit losses ​ ​ (47) ​ ​ 6 ​ ​ (77) ​ ​ (327) ​ ​ (34) ​ ​ (479) Loans charged-off ​ ​ — ​ — ​ (710) ​ (497) ​ (3) ​ ​ (1,210) Recoveries ​ — ​ $ 3 ​ $ 40 ​ $ 514 ​ $ 32 ​ 589 Ending balance ​ $ 2,294 ​ $ 179 ​ $ 454 ​ $ 4,968 ​ $ 108 ​ $ 8,003 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial Indirect Consumer Totals ​ ​ Six months ended June 30, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,031 ​ $ 103 ​ $ 881 ​ $ 3,868 ​ $ 60 ​ $ 7,943 Adoption of CECL standard ​ ​ (860) ​ ​ 54 ​ ​ (383) ​ ​ 1,710 ​ ​ 59 ​ ​ 580 Provision for (reversal of) credit losses ​ ​ 123 ​ ​ 19 ​ ​ 626 ​ ​ (223) ​ ​ (30) ​ ​ 515 Loans charged-off ​ ​ — ​ ​ — ​ ​ (710) ​ ​ (1,486) ​ ​ (25) ​ ​ (2,221) Recoveries ​ — ​ 3 ​ 40 ​ 1,099 ​ 44 ​ 1,186 Ending balance ​ $ 2,294 ​ $ 179 ​ $ 454 ​ $ 4,968 ​ $ 108 ​ $ 8,003 Ending balance: ​ ​ ​ ​ ​ ​ Loans individually analyzed ​ $ — ​ $ — ​ $ — ​ $ 62 ​ $ — ​ $ 62 Loans collectively analyzed ​ $ 2,294 ​ $ 179 ​ $ 454 ​ $ 4,906 ​ $ 108 ​ $ 7,941 Loan receivables: ​ ​ ​ ​ ​ ​ Ending balance ​ $ 405,297 ​ $ 60,627 ​ $ 80,374 ​ $ 417,953 ​ $ 20,370 ​ $ 984,621 Ending balance: ​ ​ ​ ​ ​ ​ ​ Loans individually analyzed ​ $ 1,786 ​ $ 1,917 ​ $ 167 ​ $ 424 ​ $ 301 ​ $ 4,595 Loans collectively analyzed ​ $ 403,511 ​ $ 58,710 ​ $ 80,207 ​ $ 417,529 ​ $ 20,069 ​ $ 980,026 ​ ​ Activity in the Company’s allowance for loan losses for the three and six months ended June 30, 2022 and December 31, 2022 is summarized in the tables below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial ​ Indirect ​ Consumer Totals ​ ​ Three months ended June 30, 2022 Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,314 ​ $ 55 ​ $ 743 ​ $ 3,535 ​ $ 53 ​ $ 7,700 Provision for loan losses ​ ​ 126 ​ ​ 4 ​ ​ 115 ​ ​ 60 ​ ​ 41 ​ ​ 346 Loans charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ (407) ​ ​ (38) ​ ​ (445) Recoveries ​ — ​ — ​ 1 ​ 550 ​ 17 ​ 568 Ending balance ​ $ 3,440 ​ $ 59 ​ $ 859 ​ $ 3,738 ​ $ 73 ​ $ 8,169 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial ​ Indirect ​ Consumer Totals ​ ​ Six months ended June 30, 2022 Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,317 ​ $ 54 ​ $ 725 ​ $ 3,416 ​ $ 47 ​ $ 7,559 Provision for (reversal of) loan losses ​ ​ 123 ​ ​ (105) ​ ​ 133 ​ ​ 355 ​ ​ 61 ​ ​ 567 Loans charged-off ​ ​ — ​ ​ (44) ​ ​ — ​ ​ (1,054) ​ ​ (61) ​ ​ (1,159) Recoveries ​ — ​ 154 ​ 1 ​ 1,021 ​ 26 ​ 1,202 Ending balance ​ $ 3,440 ​ $ 59 ​ $ 859 ​ $ 3,738 ​ $ 73 ​ $ 8,169 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial Indirect Consumer Totals ​ ​ December 31, 2022 Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance: ​ ​ ​ ​ ​ ​ Loans deemed impaired ​ $ — ​ $ — ​ $ — ​ $ 107 ​ $ 2 ​ $ 109 Loans not deemed impaired ​ $ 3,031 ​ $ 103 ​ $ 881 ​ $ 3,761 ​ $ 58 ​ $ 7,834 Loan receivables: ​ ​ ​ ​ ​ ​ Ending balance ​ $ 370,528 ​ $ 53,720 ​ $ 87,982 ​ $ 457,223 ​ $ 20,986 ​ $ 990,439 Ending balance: ​ ​ ​ ​ ​ ​ ​ Loans deemed impaired ​ $ 1,382 ​ $ 1,794 ​ $ 183 ​ $ 797 ​ $ 268 ​ $ 4,424 Loans not deemed impaired ​ $ 369,146 ​ $ 51,926 ​ $ 87,799 ​ $ 456,426 ​ $ 20,718 ​ $ 986,015
Summary of provision for credit losses	The following table summarizes the provision for credit losses for the three months and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2023 2022 2023 2022 Provision for (reversal of) credit losses - loans ​ $ (479) ​ $ 346 ​ $ 515 ​ $ 567 Provision for credit losses - unfunded commitments ​ ​ 27 ​ ​ — ​ ​ 47 ​ ​ — Provision for (reversal of) credit losses ​ $ (452) ​ $ 346 ​ $ 562 ​ $ 567
Schedule of loans by risk rating and portfolio segment	The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process and deferred loan fees) based on rating category, as well as gross write-offs for the six months ended June 30, 2023, and by fiscal year of origination as of June 30, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ Loans by Origination Year ​ Loans ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Amortized Cost ​ Total Commercial construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ - ​ $ 4,422 ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 4,422 Watch ​ ​ 1,969 ​ ​ 14,565 ​ ​ 5,335 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 21,869 Total commercial construction ​ ​ 1,969 ​ ​ 18,987 ​ ​ 5,335 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 26,291 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial non-residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 24,207 ​ $ 44,362 ​ $ 27,090 ​ $ 17,286 ​ $ 40,949 ​ $ 49,864 ​ $ - ​ $ 203,758 Watch ​ ​ 5,016 ​ ​ 9,449 ​ ​ 8,559 ​ ​ 13,176 ​ ​ 8,609 ​ ​ 40,100 ​ ​ - ​ ​ 84,909 Special mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 5,960 ​ ​ 1,472 ​ ​ - ​ ​ 7,432 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 485 ​ ​ 2,745 ​ ​ - ​ ​ 3,230 Total commercial non-residential ​ ​ 29,223 ​ ​ 53,811 ​ ​ 35,649 ​ ​ 30,462 ​ ​ 56,003 ​ ​ 94,181 ​ ​ - ​ ​ 299,329 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 820 ​ $ 18,936 ​ $ 30,789 ​ $ 2,136 ​ $ 1,566 ​ $ 4,808 ​ $ - ​ $ 59,055 Watch ​ ​ - ​ ​ 2,600 ​ ​ 7,052 ​ ​ - ​ ​ 1,294 ​ ​ 9,676 ​ ​ - ​ ​ 20,622 Total multifamily ​ ​ 820 ​ ​ 21,536 ​ ​ 37,841 ​ ​ 2,136 ​ ​ 2,860 ​ ​ 14,484 ​ ​ - ​ ​ 79,677 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 9,333 ​ $ 26,619 ​ $ 2,200 ​ $ 2,765 ​ $ 2,656 ​ $ 15,136 ​ $ - ​ $ 58,709 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 1,918 ​ ​ - ​ ​ 1,918 Total residential ​ ​ 9,333 ​ ​ 26,619 ​ ​ 2,200 ​ ​ 2,765 ​ ​ 2,656 ​ ​ 17,054 ​ ​ - ​ ​ 60,627 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 6,271 ​ $ 22,481 ​ $ 12,304 ​ $ 1,866 ​ $ 1,482 ​ $ 1,997 ​ $ 19,142 ​ $ 65,543 Watch ​ ​ 502 ​ ​ 1,491 ​ ​ 367 ​ ​ 717 ​ ​ 695 ​ ​ 1,666 ​ ​ 7,586 ​ ​ 13,024 Special mention ​ ​ 224 ​ ​ - ​ ​ 352 ​ ​ 10 ​ ​ 50 ​ ​ 46 ​ ​ - ​ ​ 682 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 133 ​ ​ 944 ​ ​ 48 ​ ​ 1,125 Total commercial and industrial ​ ​ 6,997 ​ ​ 23,972 ​ ​ 13,023 ​ ​ 2,593 ​ ​ 2,360 ​ ​ 4,653 ​ ​ 26,776 ​ ​ 80,374 Current-period gross write-offs ​ ​ - ​ ​ - ​ ​ 710 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 710 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 50,285 ​ $ 190,231 ​ $ 90,754 ​ $ 46,048 ​ $ 28,450 ​ $ 11,762 ​ $ - ​ $ 417,530 Non-performing ​ ​ - ​ ​ 138 ​ ​ 149 ​ ​ 36 ​ ​ 87 ​ ​ 13 ​ ​ - ​ ​ 423 Total indirect automobile ​ ​ 50,285 ​ ​ 190,369 ​ ​ 90,903 ​ ​ 46,084 ​ ​ 28,537 ​ ​ 11,775 ​ ​ - ​ ​ 417,953 Current-period gross write-offs ​ ​ - ​ ​ 633 ​ ​ 393 ​ ​ 220 ​ ​ 143 ​ ​ 97 ​ ​ - ​ ​ 1,486 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 34 ​ $ 4,240 ​ $ 7,208 ​ $ 11,482 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 179 ​ ​ - ​ ​ 179 Total home equity ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 34 ​ ​ 4,419 ​ ​ 7,208 ​ ​ 11,661 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 1,605 ​ $ 4,511 ​ $ 1,251 ​ $ 647 ​ $ 213 ​ $ 214 ​ $ 244 ​ $ 8,685 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ 24 ​ ​ - ​ ​ - ​ ​ - ​ ​ 24 Total other consumer ​ ​ 1,605 ​ ​ 4,511 ​ ​ 1,251 ​ ​ 671 ​ ​ 213 ​ ​ 214 ​ ​ 244 ​ ​ 8,709 Current-period gross write-offs ​ ​ - ​ ​ 13 ​ ​ - ​ ​ 11 ​ ​ - ​ ​ 1 ​ ​ - ​ ​ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass/performing ​ $ 92,521 ​ $ 311,562 ​ $ 164,388 ​ $ 70,748 ​ $ 75,350 ​ $ 88,021 ​ $ 26,594 ​ $ 829,184 Watch ​ ​ 7,487 ​ ​ 28,105 ​ ​ 21,313 ​ ​ 13,893 ​ ​ 10,598 ​ ​ 51,442 ​ ​ 7,586 ​ ​ 140,424 Special mention ​ ​ 224 ​ ​ - ​ ​ 352 ​ ​ 10 ​ ​ 6,010 ​ ​ 1,518 ​ ​ - ​ ​ 8,114 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 618 ​ ​ 3,689 ​ ​ 48 ​ ​ 4,355 Non-performing ​ ​ - ​ ​ 138 ​ ​ 149 ​ ​ 60 ​ ​ 87 ​ ​ 2,110 ​ ​ - ​ ​ 2,544 Total Loans ​ $ 100,232 ​ $ 339,805 ​ $ 186,202 ​ $ 84,711 ​ $ 92,663 ​ $ 146,780 ​ $ 34,228 ​ $ 984,621 Total Current-period gross write-offs ​ $ 0 ​ $ 646 ​ $ 1,103 ​ $ 231 ​ $ 143 ​ $ 98 ​ $ - ​ $ 2,221 The following table presents the classes of the loan portfolio summarized by the pass category and the criticized categories of special mention and substandard within the internal risk system: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Pass Special Mention Substandard Total Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ $ 20,329 ​ $ — ​ $ — ​ $ 20,329 Non-residential ​ ​ 271,491 ​ ​ 7,904 ​ ​ 3,027 ​ ​ 282,422 Multifamily ​ 67,777 ​ — ​ — ​ 67,777 Residential real estate ​ 52,265 ​ — ​ 1,455 ​ 53,720 Commercial and industrial ​ 83,680 ​ 3,825 ​ 477 ​ 87,982 Consumer: ​ ​ ​ ​ ​ Indirect automobile ​ 456,112 ​ — ​ 1,111 ​ 457,223 Home equity ​ 11,290 ​ — ​ 217 ​ 11,507 Other consumer ​ 9,428 ​ — ​ 51 ​ 9,479 Total ​ $ 972,372 ​ $ 11,729 ​ $ 6,338 ​ $ 990,439

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets
Schedule of changes in the carrying value of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Year Ended ​ ​ ​ June 30, ​ December 31, ​ 2023 2022 Beginning balance ​ ​ $ 2,235 ​ $ 2,235 Activity during the period ​ ​ — ​ — ​ ​ ​ ​ Ending balance ​ ​ $ 2,235 ​ $ 2,235
Schedule of changes in the carrying value of customer list and core deposit intangibles	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Year Ended ​ ​ June 30, ​ December 31, ​ 2023 2022 Beginning balance ​ $ 334 ​ $ 433 Amortization ​ (45) ​ (99) ​ ​ ​ Ending balance ​ $ 289 ​ $ 334 Accumulated amortization and impairment ​ $ 988 ​ $ 943
Schedule of future amortization expense for amortizable intangible assets	​ ​ ​ ​ ​ 2023 $ 43 2024 ​ 79 2025 ​ 60 2026 ​ 29 2027 ​ 21 Thereafter ​ ​ 57 Total ​ $ 289

Premises and Equipment (Tables)

Premises and Equipment (Tables)	6 Months Ended
	Jun. 30, 2023
Premises and Equipment
Schedule of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 ​ Land ​ $ 3,732 ​ $ 3,732 ​ Buildings and improvements ​ 27,636 ​ 27,617 ​ Furniture, fixtures and equipment ​ 14,746 ​ 14,652 ​ Construction in process ​ 287 ​ 230 ​ Total ​ 46,401 ​ 46,231 ​ Less accumulated depreciation ​ (28,204) ​ (27,509) ​ Net ​ $ 18,197 ​ $ 18,722 ​

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2023
Deposits
Schedule of deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2023 2022 Non-interest bearing demand deposits ​ $ 256,245 ​ $ 283,563 Interest bearing accounts: ​ ​ NOW ​ 141,537 ​ 156,285 Savings ​ 159,985 ​ 176,916 Money market ​ 229,540 ​ 296,787 Time certificates of deposit ​ 290,149 ​ 216,382 Total interest bearing accounts ​ 821,211 ​ 846,370 Total deposits ​ $ 1,077,456 ​ $ 1,129,933
Schedule of contractual maturities of time certificates of deposit	​ ​ ​ ​ ​ ​ ​ June 30, ​ 2023 Within 1 year ​ $ 273,402 1 – 2 years ​ 12,438 2 – 3 years ​ 1,636 3 – 4 years ​ 1,306 4 – 5 years ​ 1,367 Total ​ $ 290,149

Long-Term Debt and FHLB Stock (

Long-Term Debt and FHLB Stock (Tables)	6 Months Ended
	Jun. 30, 2023
Long-Term Debt and FHLB Stock
Schedule of outstanding principal amounts and related terms of FHLBNY borrowings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Principal Maturity Rate ​ Due in one year Long term Fixed medium-term ​ ​ 722 ​ October 31, 2025 ​ 4.87 % ​ ​ — ​ ​ 722 Fixed medium-term ​ ​ 5,000 ​ November 3, 2025 ​ 4.87 % ​ ​ — ​ ​ 5,000 Fixed medium-term ​ ​ 728 ​ December 5, 2025 ​ 4.34 % ​ ​ — ​ ​ 728 Fixed short-term ​ ​ 10,000 ​ September 5, 2023 ​ 5.38 % ​ ​ 10,000 ​ ​ — Fixed medium-term ​ ​ 20,000 ​ March 20, 2025 ​ 4.47 % ​ ​ — ​ ​ 20,000 Fixed medium-term ​ ​ 20,000 ​ March 21, 2024 ​ 5.18 % ​ ​ 20,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ August 21, 2023 ​ 5.23 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ October 23, 2023 ​ 5.23 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ December 21, 2023 ​ 5.24 % ​ ​ 10,000 ​ ​ — Fixed medium-term ​ ​ 20,000 ​ May 2, 2028 ​ 3.88 % ​ ​ — ​ ​ 20,000 Total ​ $ 106,450 ​ Weighted Average Rate 4.81 % ​ $ 60,000 ​ $ 46,450

Employee Benefits (Tables)

Employee Benefits (Tables)	6 Months Ended
	Jun. 30, 2023
Employee Benefits
Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 ​ Projected and accumulated benefit obligation ​ $ (18,700) ​ $ (17,138) ​ Plan assets at fair value ​ 17,741 ​ 16,906 ​ Funded status included in accrued expenses and other liabilities ​ $ (959) ​ $ (232) ​
Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ 2023 2022 Interest cost ​ $ 430 ​ $ 317 Expected return on plan assets ​ (465) ​ (503) Amortization of unrecognized loss ​ 187 ​ 133 Net periodic cost (benefit) ​ $ 152 ​ $ (53)
Schedule of fair value of pension plan assets, by fair value hierarchy	The fair value of the Company’s pension plan assets, by fair value hierarchy, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in separate accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed income ​ $ 12,349 ​ $ — ​ $ — ​ $ 12,349 Equity ​ 5,392 ​ — ​ — ​ 5,392 Total assets at fair value ​ $ 17,741 ​ $ — ​ $ — ​ $ 17,741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in separate accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed income ​ $ 11,600 ​ $ — ​ $ — ​ $ 11,600 Equity ​ 5,306 ​ — ​ — ​ 5,306 Total assets at fair value ​ $ 16,906 ​ $ — ​ $ — ​ $ 16,906
Schedule of employee stock ownership plan	​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 Allocated ​ 87,284 65,463 Committed to be allocated ​ 10,908 21,821 Unallocated ​ 338,233 349,141 Paid out to participants ​ (4,376) ​ (4,376) Total shares ​ 432,049 432,049
Summary of options	A summary of options under the 2020 EIP as of June 30, 2023 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted - ​ Weighted-Average ​ ​ Number of ​ Average ​ Remaining Contractual ​ ​ Shares ​ Exercise Price ​ Term (in Years) Options outstanding at beginning of year ​ 437,930 ​ $ 6.62 ​ 7.66 Granted ​ - ​ ​ - ​ - Exercised ​ - ​ ​ - ​ - Forfeited ​ (1,001) ​ ​ 6.57 ​ - Options outstanding at June 30, 2023 ​ 436,929 ​ $ 6.62 ​ 7.14 Options exercisable at June 30, 2023 ​ 290,126 ​ $ 6.62 ​ 7.12
Summary of Company's restricted stock activity	The following table summarizes the Company’s restricted stock activity for the six months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ Number ​ ​ Grant Date ​ ​ of Shares ​ ​ Fair Value per Share Non-vested restricted stock at beginning of year ​ 56,266 ​ $ 6.57 Granted ​ - ​ - Vested ​ - ​ - Forfeited ​ (668) ​ 6.57 Non-vested restricted stock at June 30, 2023 ​ 55,598 ​ $ 6.57

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases
Schedule of future minimum payments for operating leases	​ ​ ​ ​ ​ Years ending December 31: ​ ​ 2023 ​ $ 380 2024 ​ 764 2025 ​ 739 2026 ​ 720 2027 ​ 676 Thereafter ​ 4,394 Total future minimum lease payments ​ ​ 7,673 Amounts representing interest ​ ​ (1,070) Present Value of Net Future Minimum Lease Payments ​ $ 6,603

Commitments and Contingencies_2

Commitments and Contingencies and Derivatives (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies and Derivatives
Schedule of contract amounts represent off-balance sheet credit risk	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 ​ Commitments to extend credit summarized as follows: ​ ​ ​ ​ ​ ​ ​ Future loan commitments ​ $ 5,946 ​ $ 3,815 ​ Undisbursed construction loans ​ 56,892 ​ 30,274 ​ Undisbursed home equity lines of credit ​ 10,457 ​ 9,561 ​ Undisbursed commercial and other line of credit ​ 76,155 ​ 77,719 ​ Standby letters of credit ​ 6,135 ​ 4,571 ​ Loans sold with recourse ​ 1,075 ​ 276 ​ Total ​ $ 156,660 ​ $ 126,216 ​
Schedule of unfunded commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Three months ended June 30, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 168 ​ $ — ​ $ 66 ​ $ — ​ $ 7 ​ $ 241 Provision for (reversal of) credit losses ​ ​ 32 ​ ​ — ​ ​ (5) ​ ​ — ​ ​ — ​ ​ 27 Ending balance ​ $ 200 ​ $ — ​ $ 61 ​ $ — ​ $ 7 ​ $ 268 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Six months ended June 30, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Adoption of CECL standard ​ ​ 149 ​ ​ — ​ ​ 65 ​ ​ — ​ ​ 7 ​ ​ 221 Provision for (reversal of) credit losses ​ ​ 51 ​ ​ — ​ ​ (4) ​ ​ — ​ ​ — ​ ​ 47 Ending balance ​ $ 200 ​ $ — ​ $ 61 ​ $ — ​ $ 7 ​ $ 268
Schedule of information regarding derivatives	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 ​ 2022 ​ Notational amount ​ $ 39,466 ​ ​ $ 26,541 ​ Fair value ​ $ 4,945 ​ ​ $ 3,578 ​ Weighted average pay rates ​ ​ 4.50 % ​ ​ 3.69 % Weighted average receive rates ​ ​ 5.90 % ​ ​ 6.30 % Weighted average maturity (in years) ​ ​ 8.53 ​ ​ ​ 8.79 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Contracts ​ ​ 11 ​ ​ ​ 7 ​

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2023
Regulatory Matters
Schedule of actual capital amounts and ratios	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized under ​ ​ ​ ​ ​ ​ ​ For Capital Adequacy ​ Prompt Corrective Action ​ ​ Actual ​ Purposes ​ Provisions ​ Amount Ratio Amount Ratio Amount Ratio ​ ​ June 30, 2023 Rhinebeck Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 142,073 12.35 % $ 92,054 8.00 % $ 115,068 10.00 % Tier 1 capital (to risk-weighted assets) ​ 133,802 11.63 % 69,041 6.00 % 92,054 8.00 % Common equity tier one capital (to risk weighted assets) ​ 133,802 11.63 % 51,780 4.50 % 74,794 6.50 % Tier 1 capital (to average assets) ​ 133,802 9.74 % 54,965 4.00 % 68,707 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Rhinebeck Bank ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 139,257 12.25 % $ 90,980 8.00 % $ 113,725 10.00 % Tier 1 capital (to risk-weighted assets) ​ 131,314 11.55 % 68,235 6.00 % 90,980 8.00 % Common equity tier one capital (to risk weighted assets) ​ 131,314 11.55 % 51,176 4.50 % 73,921 6.50 % Tier 1 capital (to average assets) ​ 131,314 9.75 % 53,868 4.00 % 67,335 5.00 %

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value
Schedule of assets carried at fair value on a recurring basis	The following tables detail the assets that are carried at fair value on a recurring basis as of the periods shown and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Significant ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ Balance Assets (Level 1) Inputs (Level 2) Inputs (Level 3) ​ ​ June 30, 2023 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 33,299 ​ $ 33,299 ​ $ — ​ $ — U.S. government agency mortgage-backed securities-residential ​ ​ 135,186 ​ ​ — ​ ​ 135,186 ​ ​ — U.S. government agency securities ​ 22,584 ​ — ​ 22,584 ​ — Municipal securities ​ 2,888 ​ — ​ 2,758 ​ 130 Corporate Bonds ​ ​ 12,220 ​ ​ — ​ ​ 12,220 ​ ​ — Other ​ 677 ​ — ​ 677 ​ — Total available for sale securities ​ ​ 206,854 ​ ​ 33,299 ​ ​ 173,425 ​ ​ 130 Loan level interest rate swaps ​ ​ 6,197 ​ ​ — ​ ​ 6,197 ​ ​ — Total assets ​ $ 213,051 ​ $ 33,299 ​ $ 179,622 ​ $ 130 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan level interest rate swaps ​ $ 6,197 ​ $ — ​ $ 6,197 ​ $ — Total liabilities ​ $ 6,197 ​ $ — ​ $ 6,197 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 37,857 ​ $ 37,857 ​ $ — ​ $ — U.S. government agency mortgage-backed securities – residential ​ ​ 144,534 ​ ​ — ​ ​ 144,534 ​ ​ — U.S. government agency securities ​ 22,449 ​ — ​ 22,449 ​ — Municipal securities ​ 4,786 ​ — ​ 4,656 ​ 130 Corporate Bonds ​ ​ 13,217 ​ ​ — ​ ​ 13,217 ​ ​ — Other ​ 816 ​ — ​ 816 ​ — Total available for sale securities ​ ​ 223,659 ​ ​ 37,857 ​ ​ 185,672 ​ ​ 130 Loan level interest rate swaps ​ ​ 4,548 ​ ​ — ​ ​ 4,548 ​ ​ — Total assets ​ $ 228,207 ​ $ 37,857 ​ $ 190,220 ​ $ 130 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan level interest rate swaps ​ $ 4,548 ​ $ — ​ $ 4,548 ​ $ — Total liabilities ​ $ 4,548 ​ $ — ​ $ 4,548 ​ $ —
Schedule of assets carried at fair value and measured at fair value on a nonrecurring basis	The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of June 30, 2023 and December 31, 2022 and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Significant ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ Balance Assets (Level 1) Inputs (Level 2) Inputs (Level 3) ​ ​ June 30, 2023 Individually analyzed loans, with specific reserves ​ $ 164 ​ $ — ​ $ — ​ $ 164 Total ​ $ 164 ​ $ — ​ $ — ​ $ 164 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Impaired loans, with specific reserves ​ $ 319 ​ $ — ​ $ — ​ $ 319 Total ​ $ 319 ​ $ — ​ $ — ​ $ 319
Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis	The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information About Level 3 Fair Value Measurements ​ ​ Fair Value ​ Valuation ​ Unobservable ​ Range ​ Estimate Techniques Input (Weighted Average) ​ ​ June 30, 2023 Individually analyzed loans, with specific reserves ​ $ 164 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% ​ ​ ​ ​ ​ ​ ​ Appraisal adjustments (2) 0% to 20% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Impaired loans ​ $ 319 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% ​ ​ ​ ​ ​ ​ ​ Appraisal adjustments (2) 0% to 20% (1) Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value. (3) Estimated costs to sell.
Schedule of carrying value and fair values of the financial instruments	As of the following dates, the carrying value and fair values of the Company’s financial instruments were: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 ​ 2022 ​ Carrying Value Fair Value Carrying Value Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents (Level 1) ​ $ 53,948 ​ $ 53,948 ​ $ 31,384 ​ $ 31,384 Available for sale securities (Level 1) ​ 33,299 ​ 33,299 ​ 37,857 ​ 37,857 Available for sale securities (Level 2) ​ 173,425 ​ 173,425 ​ 185,672 ​ 185,672 Available for sale securities (Level 3) ​ 130 ​ 130 ​ 130 ​ 130 Loan level interest rate swaps (Level 2) ​ ​ 6,197 ​ ​ 6,197 ​ ​ 4,548 ​ ​ 4,548 FHLB stock (Level 2) ​ 5,542 ​ 5,542 ​ 3,258 ​ 3,258 Loans, net (Level 3) ​ 987,024 ​ 959,948 ​ 994,368 ​ 953,432 Accrued interest receivable (Level 2) ​ 3,020 ​ 3,020 ​ 4,255 ​ 4,255 Mortgage servicing rights (Level 3) ​ 2,195 ​ 4,771 ​ 2,409 ​ 5,211 Financial Liabilities: ​ ​ ​ ​ Deposits (Level 2) ​ 1,077,456 ​ 981,983 ​ 1,129,933 ​ 1,001,455 Mortgagors' escrow accounts (Level 2) ​ 13,464 ​ 13,464 ​ 9,732 ​ 9,723 FHLB advances (Level 2) ​ 106,450 ​ 105,450 ​ 57,723 ​ 57,739 Subordinated debt (Level 2) ​ 5,155 ​ 5,155 ​ 5,155 ​ 5,155 Loan level interest rate swaps (Level 2) ​ ​ 6,197 ​ ​ 6,197 ​ ​ 4,548 ​ ​ 4,548 Accrued interest payable (Level 2) ​ ​ 1,189 ​ ​ 1,189 ​ ​ 774 ​ ​ 774

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Loss.
Schedule of accumulated other comprehensive loss components	The activity in accumulated other comprehensive loss for the three and six months ended June 30, 2023 and 2022 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated Other Comprehensive Loss (1) ​ ​ ​ ​ ​ Unrealized (losses) ​ ​ ​ ​ ​ ​ ​ ​ gains on ​ ​ ​ ​ ​ Defined Benefit ​ available for sale ​ ​ ​ ​ Pension Plan securities Total Balance at March 31, 2023 ​ $ (3,997) ​ $ (25,971) ​ $ (29,968) Other comprehensive loss before reclassifications ​ (307) ​ (3,039) ​ (3,346) Amounts reclassified from accumulated other comprehensive loss ​ (148) ​ — ​ (148) Period change ​ (455) ​ (3,039) ​ (3,494) Balance at June 30, 2023 ​ $ (4,452) ​ $ (29,010) ​ $ (33,462) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at March 31, 2022 ​ $ (3,901) ​ $ (13,673) ​ $ (17,574) Other comprehensive loss before reclassifications ​ (768) ​ (5,653) ​ (6,421) Amounts reclassified from accumulated other comprehensive loss ​ 106 ​ 128 ​ 234 Period change ​ (662) ​ (5,525) ​ (6,187) Balance at June 30, 2022 ​ $ (4,563) ​ $ (19,198) ​ $ (23,761) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated Other Comprehensive Loss (1) ​ ​ ​ ​ ​ Unrealized (losses) ​ ​ ​ ​ ​ ​ ​ ​ gains on ​ ​ ​ ​ ​ Defined Benefit ​ available for sale ​ ​ ​ ​ Pension Plan securities Total Balance at December 31, 2022 ​ $ (3,997) ​ $ (28,192) ​ $ (32,189) Other comprehensive loss before reclassifications ​ (307) ​ (818) ​ (1,125) Amounts reclassified from accumulated other comprehensive loss ​ (148) ​ — ​ (148) Period change ​ (455) ​ (818) ​ (1,273) Balance at June 30, 2023 ​ $ (4,452) ​ $ (29,010) ​ $ (33,462) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2021 ​ $ (3,901) ​ $ (2,734) ​ $ (6,635) Other comprehensive loss before reclassifications ​ (768) ​ (16,592) ​ (17,360) Amounts reclassified from accumulated other comprehensive loss ​ 106 ​ 128 ​ 234 Period change ​ (662) ​ (16,464) ​ (17,126) Balance at June 30, 2022 ​ $ (4,563) ​ $ (19,198) ​ $ (23,761) (1) All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0%.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share
Schedule of earnings per share, basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2023 2022 ​ 2023 ​ 2022 Net income applicable to common stock ​ $ 1,431 ​ $ 2,029 ​ $ 2,229 ​ $ 4,082 ​ ​ ​ ​ ​ Average number of common shares outstanding ​ 11,164,563 ​ 11,183,583 ​ 11,196,255 ​ 11,183,583 Less: Average unearned ESOP shares ​ 340,965 ​ 362,781 ​ 343,692 ​ 365,508 Average number of common shares outstanding used to calculate basic earnings per common share ​ 10,823,598 ​ 10,820,802 ​ 10,852,563 ​ 10,818,075 Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share ​ ​ 41,230 ​ ​ 64,017 ​ ​ 37,617 ​ ​ 62,016 Additional common stock equivalents (stock options) used to calculate diluted earnings per share ​ ​ 18,009 ​ ​ 107,609 ​ ​ 66,288 ​ ​ 121,369 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share ​ ​ 10,882,837 ​ ​ 10,992,428 ​ ​ 10,956,468 ​ ​ 11,001,460 ​ ​ ​ ​ ​ Earnings per Common share: ​ ​ ​ ​ Basic ​ $ 0.13 ​ $ 0.19 ​ $ 0.21 ​ $ 0.38 Diluted ​ $ 0.13 ​ $ 0.18 ​ $ 0.20 ​ $ 0.37

Nature of Business and Signif_4

Nature of Business and Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2023 item
Nature of Business and Significant Accounting Policies
Number of branches	14
Number of representative offices	2

Nature of Business and Signif_5

Nature of Business and Significant Accounting Policies (Adoption of new accounting standard 2023) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Nature Of Business And Significant Accounting Policies [Line Items]
Change in Consolidated Statement of Condition		$ 1,821	$ 2,539	$ 2,844	$ 5,038
Effective income tax		390	$ 510	615	$ 956
Retained earnings		$ 98,220		$ 98,220		$ 96,624
Accounting Standards Update 2016-13 | Adoption of CECL Standard
Nature Of Business And Significant Accounting Policies [Line Items]
Change in Consolidated Statement of Condition	$ 801
Effective income tax	168
Retained earnings	633
Accounting Standards Update 2016-13 | Adoption of CECL Standard | Allowance for credit losses (loans)
Nature Of Business And Significant Accounting Policies [Line Items]
Change in Consolidated Statement of Condition	580
Effective income tax	122
Retained earnings	458
Accounting Standards Update 2016-13 | Adoption of CECL Standard | ACL (Unfunded credit commitments)
Nature Of Business And Significant Accounting Policies [Line Items]
Change in Consolidated Statement of Condition	221
Effective income tax	46
Retained earnings	$ 175

Investment Securities (Schedule

Investment Securities (Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	$ 243,575
Gross Unrealized Gains		$ 172
Gross Unrealized Losses	(36,721)	(35,857)
Fair Value	206,854
Amortized Cost		259,344
Fair Value		223,659
U.S. Treasury securities
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	35,123
Gross Unrealized Losses	(1,824)	(2,315)
Fair Value	33,299
Amortized Cost		40,172
Fair Value		37,857
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	165,057
Gross Unrealized Losses	(29,871)	(29,392)
Fair Value	135,186
Amortized Cost		173,926
Fair Value		144,534
U.S. government agency securities
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	24,780
Gross Unrealized Losses	(2,196)	(2,336)
Fair Value	22,584
Amortized Cost		24,785
Fair Value		22,449
Municipal securities
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	3,181
Gross Unrealized Losses	(293)	(331)
Fair Value	2,888
Amortized Cost		5,117
Fair Value		4,786
Corporate Bonds
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	14,700
Gross Unrealized Losses	(2,480)	(1,483)
Fair Value	12,220
Amortized Cost		14,700
Fair Value		13,217
Other
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	734
Gross Unrealized Gains		172
Gross Unrealized Losses	(57)
Fair Value	$ 677
Amortized Cost		644
Fair Value		$ 816

Investment Securities (Schedu_2

Investment Securities (Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	$ 4,029	$ 40,946
Less Than 12 Months Unrealized Losses	(675)	(4,211)
12 Months or Longer Fair Value	202,667	181,268
12 Months or Longer Unrealized Losses	(36,046)	(31,646)
Fair Value	206,696	222,214
Unrealized Losses	(36,721)	(35,857)
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
12 Months or Longer Fair Value	33,299	37,857
12 Months or Longer Unrealized Losses	(1,824)	(2,315)
Fair Value	33,299	37,857
Unrealized Losses	(1,824)	(2,315)
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	437	23,384
Less Than 12 Months Unrealized Losses	(31)	(2,711)
12 Months or Longer Fair Value	134,749	121,151
12 Months or Longer Unrealized Losses	(29,840)	(26,681)
Fair Value	135,186	144,535
Unrealized Losses	(29,871)	(29,392)
U.S. government agency securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value		9,160
Less Than 12 Months Unrealized Losses		(869)
12 Months or Longer Fair Value	22,584	13,289
12 Months or Longer Unrealized Losses	(2,196)	(1,467)
Fair Value	22,584	22,449
Unrealized Losses	(2,196)	(2,336)
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	516	1,529
Less Than 12 Months Unrealized Losses	(14)	(4)
12 Months or Longer Fair Value	2,242	3,127
12 Months or Longer Unrealized Losses	(279)	(327)
Fair Value	2,758	4,656
Unrealized Losses	(293)	(331)
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	2,427	6,873
Less Than 12 Months Unrealized Losses	(573)	(627)
12 Months or Longer Fair Value	9,793	5,844
12 Months or Longer Unrealized Losses	(1,907)	(856)
Fair Value	12,220	12,717
Unrealized Losses	(2,480)	$ (1,483)
Other
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	649
Less Than 12 Months Unrealized Losses	(57)
Fair Value	649
Unrealized Losses	$ (57)

Investment Securities (Schedu_3

Investment Securities (Schedule of maturities of debt securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amortized Cost
Within 1 year	$ 20,467	$ 16,923
After 1 but within 5 years	37,902	46,162
After 5 but within 10 years	19,415	21,689
Total Maturities	77,784	84,774
Mortgage-backed securities	165,057	173,926
Other	734	644
Amortized Cost	243,575
Amortized Cost		259,344
Fair Value
Within 1 year	19,926	16,512
After 1 but within 5 years	34,525	42,225
After 5 but within 10 years	16,540	19,572
Total Maturities	70,991	78,309
Mortgage-backed securities	135,186	144,534
Other	677	816
Fair Value	$ 206,854
Fair Value		$ 223,659

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Number of individual available-for-sale securities with unrealized losses | security	237
Unrealized Losses	$ 36,721	$ 35,857
Aggregate percentage of depreciation	15.08%
Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest	$ 0
Proceeds from the sale of available for sale securities and calls	0
Gains on sales of investment securities	0
Losses on sales of investment securities	0
Federal Home Loan Bank Advances [Member]
Debt Securities, Available-for-sale [Line Items]
Available for sale securities pledged to secure Federal Home Loan Bank of New York ("FHLBNY") borrowings	13,965	15,407
Asset Pledged as Collateral [Member] | Federal Reserve Bank Advances [Member]
Debt Securities, Available-for-sale [Line Items]
Available for sale securities pledged to secure Federal Home Loan Bank of New York ("FHLBNY") borrowings	$ 82,221	$ 958

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Schedule of summary loan portfolio) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	$ 984,621
Net deferred loan costs	10,406
Allowance for credit losses	(8,003)	$ (9,103)	$ (7,943)
Total net loans	987,024
Total gross loans			990,439
Net deferred loan costs			11,872
Allowance for loan losses			(7,943)	$ (8,169)	$ (7,700)	$ (7,559)
Total net loans			994,368
Indirect automobile
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	417,953
Allowance for credit losses	(4,968)	(5,278)	(3,868)
Total gross loans			457,223
Allowance for loan losses				(3,738)	(3,535)	(3,416)
Commercial real estate
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	405,297
Allowance for credit losses	(2,294)	(2,341)	(3,031)
Total gross loans			370,528
Allowance for loan losses				(3,440)	(3,314)	(3,317)
Commercial real estate | Construction
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	26,291
Total gross loans			20,329
Commercial real estate | Non-residential
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	299,329
Total gross loans			282,422
Commercial real estate | Multifamily
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	79,677
Total gross loans			67,777
Residential
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	60,627
Allowance for credit losses	(179)	(170)	(103)
Total gross loans			53,720
Allowance for loan losses				(59)	(55)	(54)
Commercial and industrial
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	80,374
Allowance for credit losses	(454)	(1,201)	(881)
Total gross loans			87,982
Allowance for loan losses				(859)	(743)	(725)
Commercial and industrial | Small Business Administration Paycheck Protection Program
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	368
Total gross loans			537
Consumer
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	20,370
Allowance for credit losses	(108)	$ (113)	(60)
Total gross loans			20,986
Allowance for loan losses				$ (73)	$ (53)	$ (47)
Consumer | Indirect automobile
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	417,953
Total gross loans			457,223
Consumer | Home equity
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	11,661
Total gross loans			11,507
Consumer | Other consumer
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	$ 8,709
Total gross loans			$ 9,479

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses (Schedule of classes of the loan portfolio by the aging categories of performing loans and nonaccrual loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 984,621
Total gross loans		$ 990,439
Non-accrual	4,497
Nonaccrual		4,424
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	967,243
Total gross loans		967,725
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	8,393
Total gross loans		17,453
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	5,722
Total gross loans		2,243
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,263
Total gross loans		3,018
Indirect automobile
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	417,953
Total gross loans		457,223
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	405,297
Total gross loans		370,528
Commercial real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	26,291
Total gross loans		20,329
Commercial real estate | Construction | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	26,291
Total gross loans		20,329
Commercial real estate | Non-residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	299,329
Total gross loans		282,422
Non-accrual	1,786
Nonaccrual		1,382
Commercial real estate | Non-residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	294,096
Total gross loans		275,860
Commercial real estate | Non-residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans		4,701
Commercial real estate | Non-residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,447
Total gross loans		479
Commercial real estate | Non-residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,786
Total gross loans		1,382
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	79,677
Total gross loans		67,777
Commercial real estate | Multifamily | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	79,314
Total gross loans		67,413
Commercial real estate | Multifamily | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans		364
Commercial real estate | Multifamily | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	363
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	60,627
Total gross loans		53,720
Non-accrual	1,917
Nonaccrual		1,794
Residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	59,324
Total gross loans		51,476
Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	338
Total gross loans		1,417
Residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	201
Total gross loans		246
Residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	764
Total gross loans		581
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	80,374
Total gross loans		87,982
Non-accrual	167
Nonaccrual		183
Commercial and industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	80,100
Total gross loans		87,742
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	107
Total gross loans		57
Commercial and industrial | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	167
Total gross loans		183
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	20,370
Total gross loans		20,986
Consumer | Indirect automobile
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	417,953
Total gross loans		457,223
Non-accrual	424
Nonaccrual		797
Consumer | Indirect automobile | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	408,051
Total gross loans		444,418
Consumer | Indirect automobile | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,848
Total gross loans		10,714
Consumer | Indirect automobile | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,711
Total gross loans		1,389
Consumer | Indirect automobile | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	343
Total gross loans		702
Consumer | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	11,661
Total gross loans		11,507
Non-accrual	179
Nonaccrual		217
Consumer | Home equity | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	11,481
Total gross loans		11,279
Consumer | Home equity | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1
Total gross loans		51
Consumer | Home equity | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	0
Total gross loans		58
Consumer | Home equity | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	179
Total gross loans		119
Consumer | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	8,709
Total gross loans		9,479
Non-accrual	24
Nonaccrual		51
Consumer | Other consumer | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	8,586
Total gross loans		9,208
Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	99
Total gross loans		149
Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans		71
Consumer | Other consumer | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 24
Total gross loans		$ 51

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses (Schedule of amortized cost basis of individually analyzed loans and related ACL) (Details) $ in Thousands	Jun. 30, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	$ 4,595	$ 4,424
Related ACL	62
Indirect automobile
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	424	797
Related ACL	62
Home equity | Consumer Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	98
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	1,786	1,382
Commercial real estate | Non-residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	1,786
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	1,917	1,794
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	167	183
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	301	$ 268
Consumer | Indirect automobile
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	424
Related ACL	62
Consumer | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	$ 277
Consumer | Home equity | Consumer Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable Individually Evaluated For Impairment, Number Of Contracts | loan	1
Consumer | Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	$ 24

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Schedule of amortized cost basis of only those individually analyzed loans with a related ACL) (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	$ 226
Related ACL	62
Consumer | Indirect automobile
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	226
Related ACL	$ 62

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Schedule of information to impaired loans by loan portfolio class) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
With no related allowance recorded:
Recorded Investment	$ 3,996
Unpaid Principal Balance	5,870
Average Recorded Investment	4,686
With an allowance recorded:
Recorded Investment	428
Unpaid Principal Balance	437
Related Allowance	109
Average Recorded Investment	418
Total:
Recorded Investment	4,424
Unpaid Principal Balance	6,307
Related Allowance	109
Average Recorded Investment	5,104
Commercial real estate | Non-residential
With no related allowance recorded:
Recorded Investment	1,382
Unpaid Principal Balance	2,472
Average Recorded Investment	1,967
Total:
Recorded Investment	1,382
Unpaid Principal Balance	2,472
Average Recorded Investment	1,967
Residential
With no related allowance recorded:
Recorded Investment	1,794
Unpaid Principal Balance	2,445
Average Recorded Investment	1,890
Total:
Recorded Investment	1,794
Unpaid Principal Balance	2,445
Average Recorded Investment	1,890
Commercial and industrial
With no related allowance recorded:
Recorded Investment	183
Unpaid Principal Balance	242
Average Recorded Investment	309
With an allowance recorded:
Average Recorded Investment	114
Total:
Recorded Investment	183
Unpaid Principal Balance	242
Average Recorded Investment	423
Consumer | Indirect automobile
With no related allowance recorded:
Recorded Investment	371
Unpaid Principal Balance	439
Average Recorded Investment	336
With an allowance recorded:
Recorded Investment	426
Unpaid Principal Balance	435
Related Allowance	107
Average Recorded Investment	293
Total:
Recorded Investment	797
Unpaid Principal Balance	874
Related Allowance	107
Average Recorded Investment	629
Consumer | Home equity
With no related allowance recorded:
Recorded Investment	217
Unpaid Principal Balance	219
Average Recorded Investment	146
Total:
Recorded Investment	217
Unpaid Principal Balance	219
Average Recorded Investment	146
Consumer | Other consumer
With no related allowance recorded:
Recorded Investment	49
Unpaid Principal Balance	53
Average Recorded Investment	38
With an allowance recorded:
Recorded Investment	2
Unpaid Principal Balance	2
Related Allowance	2
Average Recorded Investment	11
Total:
Recorded Investment	51
Unpaid Principal Balance	55
Related Allowance	2
Average Recorded Investment	$ 49

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses (Narrative) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable	$ 2,538,000	$ 3,723,000
Aggregate balances of loans serviced to participants	33,413,000	8,466,000
Amount of consumer mortgages and loans secured by residential real estate properties in process of foreclosure	949,000	625,000
Aggregate balances of loans serviced to third party	291,375,000	301,235,000
Balance of capitalized servicing rights	2,195,000	2,409,000
Mortgage Servicing Rights (MSR) Impairment (Recovery)	0	0
Financial instruments represent off-balance sheet credit risk, asset	156,660,000	126,216,000
Accounting standards update 2022-02
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR reportable balance	0
Loans sold with recourse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial instruments represent off-balance sheet credit risk, asset	1,075,000	276,000
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balances of loans held for sale	$ 425,000	$ 247,000

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses (Schedule of loan balances by segment) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Allowance for loan losses:
Beginning balance	$ 7,943	$ 9,103		$ 7,943
Provision for (reversal of) credit losses		(479)		515
Loans charged-off		(1,210)		(2,221)
Recoveries		589		1,186
Ending balance		8,003		8,003
Allowance for loan losses:
Beginning balance	7,943		$ 7,700	7,943	$ 7,559
Provision for credit losses			346		567
Loans charged-off			(445)		(1,159)
Recoveries			568		1,202
Ending balance			8,169		8,169
Allowance for loan losses:
Provision for credit losses - unfunded commitments	221	27		47
Loans individually analyzed		62		62
Loans collectively analyzed		7,941		7,941
Ending balance: Individually evaluated for impairment						$ 109
Ending balance: Collectively evaluated for impairment						7,834
Loan receivables:
Ending balance						990,439
Ending balance		984,621		984,621
Ending balance: Individually evaluated for impairment		4,595		4,595		4,424
Ending balance: Collectively evaluated for impairment		980,026		980,026		986,015
Indirect automobile
Allowance for loan losses:
Beginning balance	3,868	5,278		3,868
Provision for (reversal of) credit losses		(327)		(223)
Loans charged-off		(497)		(1,486)
Recoveries		514		1,099
Ending balance		4,968		4,968
Allowance for loan losses:
Beginning balance			3,535		3,416
Provision for credit losses			60		355
Loans charged-off			(407)		(1,054)
Recoveries			550		1,021
Ending balance			3,738		3,738
Allowance for loan losses:
Loans individually analyzed		62		62
Loans collectively analyzed		4,906		4,906
Ending balance: Individually evaluated for impairment						107
Ending balance: Collectively evaluated for impairment						3,761
Loan receivables:
Ending balance						457,223
Ending balance		417,953		417,953
Ending balance: Individually evaluated for impairment		424		424		797
Ending balance: Collectively evaluated for impairment		417,529		417,529		456,426
Adoption of CECL Standard
Allowance for loan losses:
Beginning balance	580			580
Adoption of CECL Standard | Indirect automobile
Allowance for loan losses:
Beginning balance	1,710			1,710
Commercial real estate
Allowance for loan losses:
Beginning balance	3,031	2,341		3,031
Provision for (reversal of) credit losses		(47)		123
Ending balance		2,294		2,294
Allowance for loan losses:
Beginning balance			3,314		3,317
Provision for credit losses			126		123
Ending balance			3,440		3,440
Allowance for loan losses:
Provision for credit losses - unfunded commitments		32		51
Loans collectively analyzed		2,294		2,294
Ending balance: Collectively evaluated for impairment						3,031
Loan receivables:
Ending balance						370,528
Ending balance		405,297		405,297
Ending balance: Individually evaluated for impairment		1,786		1,786		1,382
Ending balance: Collectively evaluated for impairment		403,511		403,511		369,146
Commercial real estate | Adoption of CECL Standard
Allowance for loan losses:
Beginning balance	(860)			(860)
Residential
Allowance for loan losses:
Beginning balance	103	170		103
Provision for (reversal of) credit losses		6		19
Recoveries		3		3
Ending balance		179		179
Allowance for loan losses:
Beginning balance			55		54
Provision for credit losses			4		(105)
Loans charged-off					(44)
Recoveries					154
Ending balance			59		59
Allowance for loan losses:
Loans collectively analyzed		179		179
Ending balance: Collectively evaluated for impairment						103
Loan receivables:
Ending balance						53,720
Ending balance		60,627		60,627
Ending balance: Individually evaluated for impairment		1,917		1,917		1,794
Ending balance: Collectively evaluated for impairment		58,710		58,710		51,926
Residential | Adoption of CECL Standard
Allowance for loan losses:
Beginning balance	54			54
Commercial and industrial
Allowance for loan losses:
Beginning balance	881	1,201		881
Provision for (reversal of) credit losses		(77)		626
Loans charged-off		(710)		(710)
Recoveries		40		40
Ending balance		454		454
Allowance for loan losses:
Beginning balance			743		725
Provision for credit losses			115		133
Recoveries			1		1
Ending balance			859		859
Allowance for loan losses:
Provision for credit losses - unfunded commitments		(5)		(4)
Loans collectively analyzed		454		454
Ending balance: Collectively evaluated for impairment						881
Loan receivables:
Ending balance						87,982
Ending balance		80,374		80,374
Ending balance: Individually evaluated for impairment		167		167		183
Ending balance: Collectively evaluated for impairment		80,207		80,207		87,799
Commercial and industrial | Adoption of CECL Standard
Allowance for loan losses:
Beginning balance	(383)			(383)
Consumer
Allowance for loan losses:
Beginning balance	60	113		60
Provision for (reversal of) credit losses		(34)		(30)
Loans charged-off		(3)		(25)
Recoveries		32		44
Ending balance		108		108
Allowance for loan losses:
Beginning balance			53		47
Provision for credit losses			41		61
Loans charged-off			(38)		(61)
Recoveries			17		26
Ending balance			$ 73		$ 73
Allowance for loan losses:
Loans collectively analyzed		108		108
Ending balance: Individually evaluated for impairment						2
Ending balance: Collectively evaluated for impairment						58
Loan receivables:
Ending balance						20,986
Ending balance		20,370		20,370
Ending balance: Individually evaluated for impairment		301		301		268
Ending balance: Collectively evaluated for impairment		20,069		20,069		20,718
Consumer | Indirect automobile
Allowance for loan losses:
Loans charged-off				(1,486)
Allowance for loan losses:
Loans individually analyzed		62		62
Loan receivables:
Ending balance						$ 457,223
Ending balance		417,953		417,953
Ending balance: Individually evaluated for impairment		$ 424		424
Consumer | Adoption of CECL Standard
Allowance for loan losses:
Beginning balance	$ 59			$ 59

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses (Schedule of provision for credit losses) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Loans and Allowance for Credit Losses
Provision for (reversal of) credit losses - loans		$ (479)		$ 515
Provision for (reversal of) credit losses			$ 346		$ 567
Provision for credit losses - unfunded commitments	$ 221	27		47
Provision for credit losses		$ (452)		$ 562

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses (Schedule of loans by risk rating and portfolio segment) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
2023	$ 100,232	$ 100,232
2022	339,805	339,805
2021	186,202	186,202
2020	84,711	84,711
2019	92,663	92,663
Prior	146,780	146,780
Revolving Loans Amortized Cost	34,228	34,228
Total gross loans	984,621	984,621
Current-period gross write-offs
2023		0
2022		646
2021		1,103
2020		231
2019		143
Prior		98
Total	1,210	2,221
Total gross loans			$ 990,439
Non-performing
Financing Receivable, Recorded Investment [Line Items]
2022	138	138
2021	149	149
2020	60	60
2019	87	87
Prior	2,110	2,110
Total gross loans	2,544	2,544
Pass
Current-period gross write-offs
Total gross loans			972,372
Pass | Performing
Financing Receivable, Recorded Investment [Line Items]
2023	92,521	92,521
2022	311,562	311,562
2021	164,388	164,388
2020	70,748	70,748
2019	75,350	75,350
Prior	88,021	88,021
Revolving Loans Amortized Cost	26,594	26,594
Total gross loans	829,184	829,184
Watch
Financing Receivable, Recorded Investment [Line Items]
2023	7,487	7,487
2022	28,105	28,105
2021	21,313	21,313
2020	13,893	13,893
2019	10,598	10,598
Prior	51,442	51,442
Revolving Loans Amortized Cost	7,586	7,586
Total gross loans	140,424	140,424
Special Mention
Financing Receivable, Recorded Investment [Line Items]
2023	224	224
2021	352	352
2020	10	10
2019	6,010	6,010
Prior	1,518	1,518
Total gross loans	8,114	8,114
Current-period gross write-offs
Total gross loans			11,729
Substandard
Financing Receivable, Recorded Investment [Line Items]
2019	618	618
Prior	3,689	3,689
Revolving Loans Amortized Cost	48	48
Total gross loans	4,355	4,355
Current-period gross write-offs
Total gross loans			6,338
Indirect automobile
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	417,953	417,953
Current-period gross write-offs
Total	497	1,486
Total gross loans			457,223
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	405,297	405,297
Current-period gross write-offs
Total gross loans			370,528
Commercial real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
2023	1,969	1,969
2022	18,987	18,987
2021	5,335	5,335
Total gross loans	26,291	26,291
Current-period gross write-offs
Total gross loans			20,329
Commercial real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
2022	4,422	4,422
Total gross loans	4,422	4,422
Current-period gross write-offs
Total gross loans			20,329
Commercial real estate | Construction | Watch
Financing Receivable, Recorded Investment [Line Items]
2023	1,969	1,969
2022	14,565	14,565
2021	5,335	5,335
Total gross loans	21,869	21,869
Commercial real estate | Non-residential
Financing Receivable, Recorded Investment [Line Items]
2023	29,223	29,223
2022	53,811	53,811
2021	35,649	35,649
2020	30,462	30,462
2019	56,003	56,003
Prior	94,181	94,181
Total gross loans	299,329	299,329
Current-period gross write-offs
Total gross loans			282,422
Commercial real estate | Non-residential | Pass
Financing Receivable, Recorded Investment [Line Items]
2023	24,207	24,207
2022	44,362	44,362
2021	27,090	27,090
2020	17,286	17,286
2019	40,949	40,949
Prior	49,864	49,864
Total gross loans	203,758	203,758
Current-period gross write-offs
Total gross loans			271,491
Commercial real estate | Non-residential | Watch
Financing Receivable, Recorded Investment [Line Items]
2023	5,016	5,016
2022	9,449	9,449
2021	8,559	8,559
2020	13,176	13,176
2019	8,609	8,609
Prior	40,100	40,100
Total gross loans	84,909	84,909
Commercial real estate | Non-residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
2019	5,960	5,960
Prior	1,472	1,472
Total gross loans	7,432	7,432
Current-period gross write-offs
Total gross loans			7,904
Commercial real estate | Non-residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
2019	485	485
Prior	2,745	2,745
Total gross loans	3,230	3,230
Current-period gross write-offs
Total gross loans			3,027
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment [Line Items]
2023	820	820
2022	21,536	21,536
2021	37,841	37,841
2020	2,136	2,136
2019	2,860	2,860
Prior	14,484	14,484
Total gross loans	79,677	79,677
Current-period gross write-offs
Total gross loans			67,777
Commercial real estate | Multifamily | Pass
Financing Receivable, Recorded Investment [Line Items]
2023	820	820
2022	18,936	18,936
2021	30,789	30,789
2020	2,136	2,136
2019	1,566	1,566
Prior	4,808	4,808
Total gross loans	59,055	59,055
Current-period gross write-offs
Total gross loans			67,777
Commercial real estate | Multifamily | Watch
Financing Receivable, Recorded Investment [Line Items]
2022	2,600	2,600
2021	7,052	7,052
2019	1,294	1,294
Prior	9,676	9,676
Total gross loans	20,622	20,622
Residential
Financing Receivable, Recorded Investment [Line Items]
2023	9,333	9,333
2022	26,619	26,619
2021	2,200	2,200
2020	2,765	2,765
2019	2,656	2,656
Prior	17,054	17,054
Total gross loans	60,627	60,627
Current-period gross write-offs
Total gross loans			53,720
Residential | Performing
Financing Receivable, Recorded Investment [Line Items]
2023	9,333	9,333
2022	26,619	26,619
2021	2,200	2,200
2020	2,765	2,765
2019	2,656	2,656
Prior	15,136	15,136
Total gross loans	58,709	58,709
Residential | Non-performing
Financing Receivable, Recorded Investment [Line Items]
Prior	1,918	1,918
Total gross loans	1,918	1,918
Residential | Pass
Current-period gross write-offs
Total gross loans			52,265
Residential | Substandard
Current-period gross write-offs
Total gross loans			1,455
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
2023	6,997	6,997
2022	23,972	23,972
2021	13,023	13,023
2020	2,593	2,593
2019	2,360	2,360
Prior	4,653	4,653
Revolving Loans Amortized Cost	26,776	26,776
Total gross loans	80,374	80,374
Current-period gross write-offs
2021		710
Total	710	710
Total gross loans			87,982
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
2023	6,271	6,271
2022	22,481	22,481
2021	12,304	12,304
2020	1,866	1,866
2019	1,482	1,482
Prior	1,997	1,997
Revolving Loans Amortized Cost	19,142	19,142
Total gross loans	65,543	65,543
Current-period gross write-offs
Total gross loans			83,680
Commercial and industrial | Watch
Financing Receivable, Recorded Investment [Line Items]
2023	502	502
2022	1,491	1,491
2021	367	367
2020	717	717
2019	695	695
Prior	1,666	1,666
Revolving Loans Amortized Cost	7,586	7,586
Total gross loans	13,024	13,024
Commercial and industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
2023	224	224
2021	352	352
2020	10	10
2019	50	50
Prior	46	46
Total gross loans	682	682
Current-period gross write-offs
Total gross loans			3,825
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
2019	133	133
Prior	944	944
Revolving Loans Amortized Cost	48	48
Total gross loans	1,125	1,125
Current-period gross write-offs
Total gross loans			477
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	20,370	20,370
Current-period gross write-offs
Total	3	25
Total gross loans			20,986
Consumer | Indirect automobile
Financing Receivable, Recorded Investment [Line Items]
2023	50,285	50,285
2022	190,369	190,369
2021	90,903	90,903
2020	46,084	46,084
2019	28,537	28,537
Prior	11,775	11,775
Total gross loans	417,953	417,953
Current-period gross write-offs
2022		633
2021		393
2020		220
2019		143
Prior		97
Total		1,486
Total gross loans			457,223
Consumer | Indirect automobile | Performing
Financing Receivable, Recorded Investment [Line Items]
2023	50,285	50,285
2022	190,231	190,231
2021	90,754	90,754
2020	46,048	46,048
2019	28,450	28,450
Prior	11,762	11,762
Total gross loans	417,530	417,530
Consumer | Indirect automobile | Non-performing
Financing Receivable, Recorded Investment [Line Items]
2022	138	138
2021	149	149
2020	36	36
2019	87	87
Prior	13	13
Total gross loans	423	423
Consumer | Indirect automobile | Pass
Current-period gross write-offs
Total gross loans			456,112
Consumer | Indirect automobile | Substandard
Current-period gross write-offs
Total gross loans			1,111
Consumer | Home equity
Financing Receivable, Recorded Investment [Line Items]
2019	34	34
Prior	4,419	4,419
Revolving Loans Amortized Cost	7,208	7,208
Total gross loans	11,661	11,661
Current-period gross write-offs
Total gross loans			11,507
Consumer | Home equity | Performing
Financing Receivable, Recorded Investment [Line Items]
2019	34	34
Prior	4,240	4,240
Revolving Loans Amortized Cost	7,208	7,208
Total gross loans	11,482	11,482
Consumer | Home equity | Non-performing
Financing Receivable, Recorded Investment [Line Items]
Prior	179	179
Total gross loans	179	179
Consumer | Home equity | Pass
Current-period gross write-offs
Total gross loans			11,290
Consumer | Home equity | Substandard
Current-period gross write-offs
Total gross loans			217
Consumer | Other consumer
Financing Receivable, Recorded Investment [Line Items]
2023	1,605	1,605
2022	4,511	4,511
2021	1,251	1,251
2020	671	671
2019	213	213
Prior	214	214
Revolving Loans Amortized Cost	244	244
Total gross loans	8,709	8,709
Current-period gross write-offs
2022		13
2020		11
Prior		1
Total		25
Total gross loans			9,479
Consumer | Other consumer | Performing
Financing Receivable, Recorded Investment [Line Items]
2023	1,605	1,605
2022	4,511	4,511
2021	1,251	1,251
2020	647	647
2019	213	213
Prior	214	214
Revolving Loans Amortized Cost	244	244
Total gross loans	8,685	8,685
Consumer | Other consumer | Non-performing
Financing Receivable, Recorded Investment [Line Items]
2020	24	24
Total gross loans	$ 24	$ 24
Consumer | Other consumer | Pass
Current-period gross write-offs
Total gross loans			9,428
Consumer | Other consumer | Substandard
Current-period gross write-offs
Total gross loans			$ 51

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Schedule of changes in the carrying value of goodwill) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets
Beginning balance	$ 2,235	$ 2,235
Ending balance	2,235	2,235
Impairment loss on goodwill	$ 0	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Schedule of changes in the carrying value of customer list and core deposit intangibles) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Finite-lived Intangible Assets [Roll Forward]
Beginning balance			$ 334	$ 433	$ 433
Amortization	$ (21)	$ (24)	(45)	$ (51)	(99)
Ending balance	289		289		334
Accumulated amortization and impairment	$ 988		$ 988		$ 943

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Goodwill and Intangible Assets
Amortization of Intangible Assets	$ 21	$ 24	$ 45	$ 51	$ 99
Useful life of purchased customer accounts	13 years		13 years

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Schedule of future amortization expense for amortizable intangible assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets
2023	$ 43
2024	79
2025	60
2026	29
2027	21
Thereafter	57
Total	$ 289	$ 334	$ 433

Premises and Equipment (Schedul

Premises and Equipment (Schedule of premises and equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total	$ 46,401	$ 46,231
Less accumulated depreciation	(28,204)	(27,509)
Net	18,197	18,722
Land
Property, Plant and Equipment [Line Items]
Total	3,732	3,732
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total	27,636	27,617
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	14,746	14,652
Construction in progress
Property, Plant and Equipment [Line Items]
Total	$ 287	$ 230

Deposits (Schedule of deposits)

Deposits (Schedule of deposits) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deposits
Non-interest bearing demand deposits	$ 256,245	$ 283,563
Interest bearing accounts:
NOW	141,537	156,285
Savings	159,985	176,916
Money market	229,540	296,787
Time certificates of deposit	290,149	216,382
Total interest bearing accounts	821,211	846,370
Total deposits	$ 1,077,456	$ 1,129,933

Deposits (Schedule of contractu

Deposits (Schedule of contractual maturities of time certificates of deposit) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deposits
Within 1 year	$ 273,402
1 - 2 years	12,438
2 - 3 years	1,636
3 - 4 years	1,306
4 - 5 years	1,367
Total	$ 290,149	$ 216,382

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deposits [Line Items]
Total reciprocal deposits	$ 34,732	$ 10,023
Interest-Bearing Domestic Deposit, Brokered	32,801	34,041
Time Deposits, Reciprocal Deposits	31,786	10,023
Money market accounts, reciprocal deposits	2,946	0
Time certificates of deposit in denominations of $250 or greater	$ 58,169	$ 38,897
Maximum
Deposits [Line Items]
Maturity terms	3 years
Minimum
Deposits [Line Items]
Maturity terms	1 year

Long-Term Debt and FHLB Stock_2

Long-Term Debt and FHLB Stock (Schedule of outstanding principal amounts and related terms of FHLBNY borrowings) (Details) - Federal Home Loan Bank of New York ("FHLBNY") $ in Thousands	Jun. 30, 2023 USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 106,450
Rate	4.81%
Due in one year	$ 60,000
Long term	46,450
Fixed medium-term on October 31, 2025 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 722
Rate	4.87%
Due in one year	$ 0
Long term	722
Fixed medium-term on November 3, 2025 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 5,000
Rate	4.87%
Due in one year	$ 0
Long term	5,000
Fixed medium-term on December 5, 2025 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 728
Rate	4.34%
Due in one year	$ 0
Long term	728
Fixed short-term on September 5, 2023
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.38%
Due in one year	$ 10,000
Fixed medium-term on March 20, 2025 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 20,000
Rate	4.47%
Due in one year	$ 0
Long term	20,000
Fixed medium-term on March 21, 2024 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 20,000
Rate	5.18%
Due in one year	$ 20,000
Fixed short-term on August 21, 2023 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.23%
Due in one year	$ 10,000
Fixed short-term on October 23, 2023 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.23%
Due in one year	$ 10,000
Fixed short-term on December 21, 2023 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.24%
Due in one year	$ 10,000
Fixed medium-term on May 2, 2028 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 20,000
Rate	3.88%
Due in one year	$ 0
Long term	$ 20,000

Long-Term Debt and FHLB Stock_3

Long-Term Debt and FHLB Stock (Narrative) (Details) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) subsidiary $ / shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2005 USD ($) $ / shares shares
Long-Term Debt And Federal Home Loan Bank [Line Items]
Number Of Wholly Owned Subsidiaries | subsidiary	1
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01
Advances from the Federal Home Loan Bank	$ 106,450	$ 57,723
Zions Bank
Long-Term Debt And Federal Home Loan Bank [Line Items]
Line of credit, maximum borrowing capacity	10,000	10,000
Line of credit facility, maximum amount outstanding during period	0	0
Pacific Community Bankers Bank
Long-Term Debt And Federal Home Loan Bank [Line Items]
Line of credit, maximum borrowing capacity	50,000	50,000
Line of credit facility, maximum amount outstanding during period	$ 0	$ 0
Subordinated Debt.
Long-Term Debt And Federal Home Loan Bank [Line Items]
Interest rate, variable rate basis	three month LIBOR
Effective interest during period	7.39%	6.69%
Subordinated debt securities	$ 5,155
Stated maturity date	May 23, 2035
Subordinated Debt. | London Interbank Offered Rate L I B O R Extension [Member]
Long-Term Debt And Federal Home Loan Bank [Line Items]
Interest LIBOR rate	2%
Subordinated Debt. | SOFR
Long-Term Debt And Federal Home Loan Bank [Line Items]
Interest LIBOR rate	0.26%
Subordinated Debt. | RSB Capital Trust I
Long-Term Debt And Federal Home Loan Bank [Line Items]
Trust term	30 years
Subordinated Debt. | Private placement | RSB Capital Trust I
Long-Term Debt And Federal Home Loan Bank [Line Items]
Number of preferred securities issued			$ 5,000
Common stock issued | shares			155
Common stock, par value (in dollars per share) | $ / shares			$ 1
Federal Home Loan Bank of New York ("FHLBNY")
Long-Term Debt And Federal Home Loan Bank [Line Items]
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	$ 668,477	$ 667,905
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	207,897	195,455
Impairment Related To Federal Home Loan Stock	0	0
Federal Home Loan Bank of New York ("FHLBNY") | Maturity Overnight [Member]
Long-Term Debt And Federal Home Loan Bank [Line Items]
Advances from the Federal Home Loan Bank	$ 0	$ 0

Employee Benefits (Schedule of

Employee Benefits (Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Employee Benefits
Projected and accumulated benefit obligation	$ (18,700)	$ (17,138)
Plan assets at fair value	17,741	16,906
Funded status included in accrued expenses and other liabilities	$ (959)	$ (232)

Employee Benefits (Schedule o_2

Employee Benefits (Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Employee Benefits
Interest cost	$ 430	$ 317
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense
Expected return on plan assets	$ (465)	$ (503)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense
Amortization of unrecognized loss	$ 187	$ 133
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense
Net periodic (benefit) cost	$ 152	$ (53)

Employee Benefits (Narrative) (

Employee Benefits (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) fund	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Schedule Of Employee Benefits [Line Items]
Number of investment funds | fund			8
Number of equity funds | fund			6
Number of fixed income funds | fund			2
Percentage of internal revenue contribution			25%
Percentage of internal revenue service limitations			6%
Employer contribution in defined contribution plan			$ 563	$ 602
Accrued expenses and other liabilities	$ 27,158		27,158		$ 25,302
Non-interest expense	9,289	$ 9,485	18,492	18,590
Group Term Replacement Plan
Schedule Of Employee Benefits [Line Items]
Liability related to these postretirement benefits	1,606		1,606		1,580
Postemployment benefit expense			26	24
Other Director and Officer Postretirement Benefits
Schedule Of Employee Benefits [Line Items]
Non-interest expense			31	42
Liability related to these postretirement benefits	2,041		2,041		2,031
Officers | Executive Plan
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	1,884		1,884		1,649
Non-interest expense			236	383
Directors' Plan | Directors
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	$ 3,049		3,049		$ 2,761
Non-interest expense			$ 102	$ 114
Minimum | Other Director and Officer Postretirement Benefits
Schedule Of Employee Benefits [Line Items]
Post retirement benefit period			15 years
Minimum | Officers | Executive Plan
Schedule Of Employee Benefits [Line Items]
Terms of services			1 year
Maximum | Other Director and Officer Postretirement Benefits
Schedule Of Employee Benefits [Line Items]
Post retirement benefit period			20 years
Maximum | Officers | Executive Plan
Schedule Of Employee Benefits [Line Items]
Terms of services			5 years

Employee Benefits (Schedule o_3

Employee Benefits (Schedule of fair value of pension plan assets, by fair value hierarchy) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 17,741	$ 16,906
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	17,741	16,906
Defined Benefit Pension Plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	12,349	11,600
Defined Benefit Pension Plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	5,392	5,306
Quoted Prices Active Markets for Identical Assets (Level 1) | Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	17,741	16,906
Quoted Prices Active Markets for Identical Assets (Level 1) | Defined Benefit Pension Plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	12,349	11,600
Quoted Prices Active Markets for Identical Assets (Level 1) | Defined Benefit Pension Plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 5,392	$ 5,306

Employee Benefits (Employee Sto

Employee Benefits (Employee Stock Ownership Plan (ESOP) Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended
	Jan. 01, 2023	Jan. 16, 2019	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of share purchase under ESOP			432,049		432,049
Committed to be allocated			10,908		21,821
Compensation expense			$ 88	$ 111
Employee Stock Ownership Plan (ESOP)
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of share purchase under ESOP		436,425
Common stock price per share		$ 10
Terms of repurchase share under ESOP		20 years
Interest rate	7.50%
Balance of ESOP loan			$ 3,741
Committed to be allocated			21,821
Fair value of unallocated shares			$ 2,276
Compensation expense			$ 88	$ 111

Employee Benefits (Schedule o_4

Employee Benefits (Schedule of employee stock ownership plan) (Details) - shares	Jun. 30, 2023	Dec. 31, 2022
Employee Benefits
Allocated	87,284	65,463
Committed to be allocated	10,908	21,821
Unallocated	338,233	349,141
Paid out to participants	(4,376)	(4,376)
Total shares	432,049	432,049

Employee Benefits (Share-Based

Employee Benefits (Share-Based Compensation Plan Narrative) (Details) - 2020 EIP - USD ($) $ in Thousands		6 Months Ended
	May 26, 2020	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	763,743
Vesting period	3 years
Maximum term	10 years
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	545,531
Percentage of shares of common stock issued	4.90%
Available for future grants		103,147
Aggregate intrinsic value of options exercisable		$ 68
Period for Recognition		2 months 4 days
Unrecognized compensation cost related to the nonvested restricted stock awards granted		$ 40
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	218,212
Percentage of shares of common stock issued	1.96%
Available for future grants		49,778
Period for Recognition		1 month 24 days
Unrecognized compensation cost related to the nonvested restricted stock awards granted		$ 56
Allocated share-based compensation expense		$ 300

Employee Benefits (Summary of o

Employee Benefits (Summary of options) (Details) - 2020 EIP - Stock options - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Number of Shares
Options outstanding at beginning of year	437,930
Options Forfeited	(1,001)
Options outstanding at end of period	436,929	437,930
Options exercisable at end of period	290,126
Weighted - Average Exercise Price
Weighted - Average Exercise Price, beginning of year	$ 6.62
Weighted - Average Exercise Price, forfeited	6.57
Weighted - Average Exercise Price, end of period	6.62	$ 6.62
Weighted - Average Exercise Price, exercisable	$ 6.62
Weighted-Average Contractual Term
Weighted-Average Contractual Term, outstanding	7 years 1 month 20 days	7 years 7 months 28 days
Weighted-Average Contractual Term, exercisable	7 years 1 month 13 days

Employee Benefits (Summary of C

Employee Benefits (Summary of Company's restricted stock activity) (Details) - Restricted stock	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Number of Shares
Balance at beginning of period (in shares) | shares	56,266
Forfeited (in shares) | shares	(668)
Balance at end of period (in shares) | shares	55,598
Weighted-Average Grant Date Fair Value per Share
Balance at beginning of period (in dollars per share) | $ / shares	$ 6.57
Forfeited (in dollars per share) | $ / shares	6.57
Balance at end of period (in dollars per share) | $ / shares	$ 6.57

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) item	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Leases
Number of leased branch offices | item	7
Number of leased administrative offices | item	2
Weighted average remaining life of the lease terms	10 years 10 months 24 days		11 years 7 months 6 days
Weighted average discount rate	2.53%		2.58%
Operating lease costs	$ 358	$ 397
Deferred rent liability	86		$ 105
Operating lease right-of-use asset	$ 6,603		$ 6,896
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets.		Other Assets.
Operating lease liability	$ 6,603		$ 6,896
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued Liabilities and Other Liabilities		Accrued Liabilities and Other Liabilities

Leases - Future minimum payment

Leases - Future minimum payments for operating leases (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Leases
2023	$ 380
2024	764
2025	739
2026	720
2027	676
Thereafter	4,394
Total future minimum lease payments	7,673
Amounts representing interest	(1,070)
Present value of net future minimum lease payments	$ 6,603	$ 6,896

Commitments and Contingencies_3

Commitments and Contingencies and Derivatives (Schedule of contract amounts represent off-balance sheet credit risk) (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		$ 156,660	$ 156,660	$ 126,216
Provision for credit losses - unfunded commitments	$ 221	27	47
Future loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		5,946	5,946	3,815
Construction
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		56,892	56,892	30,274
Home equity
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		10,457	10,457	9,561
Undisbursed commercial and other line of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		76,155	76,155	77,719
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		6,135	6,135	4,571
Loans sold with recourse
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		$ 1,075	$ 1,075	$ 276

Commitments and Contingencies_4

Commitments and Contingencies and Derivatives (Schedule of unfunded commitments) (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Jan. 01, 2023	Jun. 30, 2023	Jun. 30, 2023
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		$ 241
Provision for credit losses	$ 221	27	$ 47
Ending balance		268	268
Commercial real estate
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		168
Provision for credit losses		32	51
Ending balance		200	200
Commercial and industrial
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		66
Provision for credit losses		(5)	(4)
Ending balance		61	61
Consumer
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		7
Ending balance		7	7
Cumulative effect of change in accounting principle | Accounting Standards Update 2016-13
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Ending balance		221	221
Cumulative effect of change in accounting principle | Accounting Standards Update 2016-13 | Commercial real estate
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Ending balance		149	149
Cumulative effect of change in accounting principle | Accounting Standards Update 2016-13 | Commercial and industrial
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Ending balance		65	65
Cumulative effect of change in accounting principle | Accounting Standards Update 2016-13 | Consumer
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Ending balance		$ 7	$ 7

Commitments and Contingencies_5

Commitments and Contingencies and Derivatives (Schedule of information regarding derivatives) (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) item contract	Dec. 31, 2022 USD ($) contract
Derivative [Line Items]
Accrued interest receivable	$ 3,020	$ 4,255
Interest rate swap
Derivative [Line Items]
Notional amount	39,466	26,541
Fair value	$ 4,945	$ 3,578
Weighted average pay rates	4.50%	3.69%
Weighted average receive rates	5.90%	6.30%
Weighted average maturity (in years)	8 years 6 months 10 days	8 years 9 months 14 days
Number of Contracts | contract	11	7
Interest rate swap | Other assets
Derivative [Line Items]
Accrued interest receivable	$ 86	$ 56
Interest rate swap | Other liabilities
Derivative [Line Items]
Accrued interest payable	86	$ 56
Five interest rate swap contracts effective in 2023 and 2024
Derivative [Line Items]
Notional amount	40,511
Fair value	$ 1,252
Weighted average pay rates	4.97%
Number of Contracts | item	7

Regulatory Matters (Schedule of

Regulatory Matters (Schedule of actual capital amounts and ratios) (Details) - Rhinebeck Bank $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets) Actual Amount	$ 142,073	$ 139,257
Total capital (to risk-weighted assets) Actual Ratio	0.1235	0.1225
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 92,054	$ 90,980
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Ratio	0.0800	0.0800
Total capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 115,068	$ 113,725
Total capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	0.1000	0.1000
Tier 1 capital (to risk-weighted assets) Actual Amount	$ 133,802	$ 131,314
Tier 1 capital (to risk-weighted assets) Actual Ratio	0.1163	0.1155
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 69,041	$ 68,235
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Ratio	0.0600	0.0600
Tier 1 capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 92,054	$ 90,980
Tier 1 capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	0.0800	0.0800
Common equity tier one capital (to risk weighted assets) Actual Amount	$ 133,802	$ 131,314
Common equity tier one capital (to risk weighted assets) Actual Ratio	0.1163	0.1155
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Amount	$ 51,780	$ 51,176
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Ratio	0.0450	0.0450
Common equity tier one capital (to risk weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 74,794	$ 73,921
Common equity tier one capital (to risk weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	0.0650	0.0650
Tier 1 capital (to average assets) Actual Amount	$ 133,802	$ 131,314
Tier 1 capital (to average assets) Actual Ratio	0.0974	0.0975
Tier 1 capital (to average assets) For Capital Adequacy Purposes Amount	$ 54,965	$ 53,868
Tier 1 capital (to average assets) For Capital Adequacy Purposes Ratio	0.0400	0.0400
Tier 1 capital (to average assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 68,707	$ 67,335
Tier 1 capital (to average assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	0.0500	0.0500

Fair Value (Schedule of assets

Fair Value (Schedule of assets carried at fair value on a recurring basis) (Details) - Recurring basis - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 213,051	$ 228,207
Total liabilities	6,197	4,548
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	33,299	37,857
U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	135,186	144,534
U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	22,584	22,449
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,888	4,786
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12,220	13,217
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	677	816
Unrealized gains (losses) on available for sale securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	206,854	223,659
Loan level interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6,197	4,548
Total liabilities	6,197	4,548
Quoted Prices Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	33,299	37,857
Quoted Prices Active Markets for Identical Assets (Level 1) | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	33,299	37,857
Quoted Prices Active Markets for Identical Assets (Level 1) | Unrealized gains (losses) on available for sale securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	33,299	37,857
Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	179,622	190,220
Total liabilities	6,197	4,548
Significant Observable Inputs (Level 2) | U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	135,186	144,534
Significant Observable Inputs (Level 2) | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	22,584	22,449
Significant Observable Inputs (Level 2) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,758	4,656
Significant Observable Inputs (Level 2) | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12,220	13,217
Significant Observable Inputs (Level 2) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	677	816
Significant Observable Inputs (Level 2) | Unrealized gains (losses) on available for sale securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	173,425	185,672
Significant Observable Inputs (Level 2) | Loan level interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6,197	4,548
Total liabilities	6,197	4,548
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	130	130
Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	130	130
Significant Unobservable Inputs (Level 3) | Unrealized gains (losses) on available for sale securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 130	$ 130

Fair Value (Schedule of asset_2

Fair Value (Schedule of assets carried at fair value and measured at fair value on a nonrecurring basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, recorded investments		$ 428
Related Allowance		109
Nonrecurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	$ 164	319
Nonrecurring basis | Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	164	319
Impaired loans, recorded investments	226	428
Related Allowance	62	109
Nonrecurring basis | Quoted Prices Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Quoted Prices Active Markets for Identical Assets (Level 1) | Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Significant Observable Inputs (Level 2) | Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	0	0
Nonrecurring basis | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	164	319
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	$ 164	$ 319

Fair Value (Schedule of additio

Fair Value (Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis) (Details) - Nonrecurring basis $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value	$ 164	$ 319
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value	$ 164	$ 319
Impaired Loans, Valuation Technique [Extensible List]	Appraisal of collateral	Appraisal of collateral
Significant Unobservable Inputs (Level 3) | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value	$ 164	$ 319
Significant Unobservable Inputs (Level 3) | Appraisal of collateral | Liquidation expenses | Minimum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	0	0
Significant Unobservable Inputs (Level 3) | Appraisal of collateral | Liquidation expenses | Maximum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	0.06	0.06
Significant Unobservable Inputs (Level 3) | Appraisal of collateral | Appraisal adjustments | Minimum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	0	0
Significant Unobservable Inputs (Level 3) | Appraisal of collateral | Appraisal adjustments | Maximum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	0.20	0.20

Fair Value (Schedule of carryin

Fair Value (Schedule of carrying value and fair values of the financial instruments) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Quoted Prices Active Markets for Identical Assets (Level 1) | Carrying Value
Financial Assets:
Cash and cash equivalents	$ 53,948	$ 31,384
Available for sale securities	33,299	37,857
Quoted Prices Active Markets for Identical Assets (Level 1) | Fair Value
Financial Assets:
Cash and cash equivalents	53,948	31,384
Available for sale securities	33,299	37,857
Significant Observable Inputs (Level 2) | Carrying Value
Financial Assets:
Available for sale securities	173,425	185,672
Loan level interest rate swaps	6,197	4,548
FHLB stock	5,542	3,258
Accrued interest receivable	3,020	4,255
Financial Liabilities:
Deposits	1,077,456	1,129,933
Mortgagors escrow accounts	13,464	9,732
FHLB advances	106,450	57,723
Subordinated debt	5,155	5,155
Loan level interest rate swaps	6,197	4,548
Accrued interest payable	1,189	774
Significant Observable Inputs (Level 2) | Fair Value
Financial Assets:
Available for sale securities	173,425	185,672
Loan level interest rate swaps	6,197	4,548
FHLB stock	5,542	3,258
Accrued interest receivable	3,020	4,255
Financial Liabilities:
Deposits	981,983	1,001,455
Mortgagors escrow accounts	13,464	9,723
FHLB advances	105,450	57,739
Subordinated debt	5,155	5,155
Loan level interest rate swaps	6,197	4,548
Accrued interest payable	1,189	774
Significant Unobservable Inputs (Level 3) | Carrying Value
Financial Assets:
Available for sale securities	130	130
Loans, net	987,024	994,368
Mortgage servicing rights	2,195	2,409
Significant Unobservable Inputs (Level 3) | Fair Value
Financial Assets:
Available for sale securities	130	130
Loans, net	959,948	953,432
Mortgage servicing rights	$ 4,771	$ 5,211

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of accumulated other comprehensive loss activity) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 110,717	$ 117,293	$ 108,132	$ 125,969
Balance	$ 107,463	$ 113,341	$ 107,463	$ 113,341
Income tax rate	21%	21%	21%	21%
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (29,968)	$ (17,574)	$ (32,189)	$ (6,635)
Other comprehensive loss before reclassifications	(3,346)	(6,421)	(1,125)	(17,360)
Amounts reclassified from accumulated other comprehensive loss	(148)	234	(148)	234
Period change	(3,494)	(6,187)	(1,273)	(17,126)
Balance	(33,462)	(23,761)	(33,462)	(23,761)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(3,997)	(3,901)	(3,997)	(3,901)
Other comprehensive loss before reclassifications	(307)	(768)	(307)	(768)
Amounts reclassified from accumulated other comprehensive loss	(148)	106	(148)	106
Period change	(455)	(662)	(455)	(662)
Balance	(4,452)	(4,563)	(4,452)	(4,563)
Unrealized (losses) gains on available for sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(25,971)	(13,673)	(28,192)	(2,734)
Other comprehensive loss before reclassifications	(3,039)	(5,653)	(818)	(16,592)
Amounts reclassified from accumulated other comprehensive loss		128		128
Period change	(3,039)	(5,525)	(818)	(16,464)
Balance	$ (29,010)	$ (19,198)	$ (29,010)	$ (19,198)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stock	$ 1,431	$ 798	$ 2,029	$ 2,053	$ 2,229	$ 4,082
Average number of common shares outstanding	11,164,563		11,183,583		11,196,255	11,183,583
Less: Average unearned ESOP shares	340,965		362,781		343,692	365,508
Average number of common shares outstanding used to calculate basic earnings per common share	10,823,598		10,820,802		10,852,563	10,818,075
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share	10,882,837		10,992,428		10,956,468	11,001,460
Earnings per Common share:
Basic	$ 0.13		$ 0.19		$ 0.21	$ 0.38
Diluted	$ 0.13		$ 0.18		$ 0.20	$ 0.37
Non vested Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Additional common stock equivalents used to calculate diluted earnings per share	41,230		64,017		37,617	62,016
Stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Additional common stock equivalents used to calculate diluted earnings per share	18,009		107,609		66,288	121,369