Rhinebeck Bancorp (RBKB) 10-Q9 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2023	Nov. 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		11,072,607
Entity Central Index Key	0001751783
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 13,767	$ 13,294
Federal funds sold	12,507	14,569
Interest bearing depository accounts	486	3,521
Total cash and cash equivalents	26,760	31,384
Available for sale securities (at fair value)		223,659
Available for sale securities (at fair value)	194,252
Loans receivable (net of allowance for credit losses of $8,497 and $7,943, respectively)		994,368
Loans receivable (net of allowance for credit losses of $8,497 and $7,943, respectively)	1,003,766
Federal Home Loan Bank stock	4,697	3,258
Accrued interest receivable	3,463	4,255
Cash surrender value of life insurance	29,860	29,794
Deferred tax assets (net of valuation allowance of $555 and $450, respectively)	11,392	10,131
Premises and equipment, net	18,021	18,722
Goodwill	2,235	2,235
Intangible assets, net	267	334
Other assets	20,726	17,837
Total assets	1,315,439	1,335,977
Deposits
Non-interest bearing	276,881	283,563
Interest bearing	805,419	846,370
Total deposits	1,082,300	1,129,933
Mortgagors' escrow accounts	4,797	9,732
Advances from the Federal Home Loan Bank	87,683	57,723
Subordinated debt	5,155	5,155
Accrued expenses and other liabilities	28,832	25,302
Total liabilities	1,208,767	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 11,072,607 and 11,284,565 at September 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	(3,328)	(3,491)
Retained earnings	99,456	96,624
Accumulated other comprehensive loss:
Net unrealized loss on available for sale securities, net of taxes	(31,245)	(28,192)
Defined benefit pension plan, net of taxes	(4,298)	(3,997)
Total accumulated other comprehensive loss	(35,543)	(32,189)
Total stockholders' equity	106,672	108,132
Total liabilities and stockholders' equity	$ 1,315,439	$ 1,335,977

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Consolidated Statements of Financial Condition
Allowance for loan losses		$ 7,943
Allowance for credit losses	$ 8,497	7,943
Deferred tax valuation allowance	$ 555	$ 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	11,072,607	11,284,565
Common stock, shares outstanding	11,072,607	11,284,565

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest and Dividend Income
Interest and fees on loans	$ 14,139	$ 11,404	$ 40,847	$ 32,212
Interest and dividends on securities	1,011	1,002	3,257	2,844
Other income	384	147	971	210
Total interest and dividend income	15,534	12,553	45,075	35,266
Interest Expense
Interest expense on deposits	4,588	1,262	12,822	2,773
Interest expense on borrowings	1,288	194	3,431	415
Total interest expense	5,876	1,456	16,253	3,188
Net interest income	9,658	11,097	28,822	32,078
Provision for credit losses		545		1,112
Provision for credit losses	910		1,472
Net interest income after provision for credit losses	8,748	10,552	27,350	30,966
Non-interest Income
Service charges on deposit accounts	738	713	2,164	2,125
Net realized loss on sales and calls of securities		(8)		(170)
Net gain on sales of loans	30	147	92	840
Increase in cash surrender value of life insurance	170	163	494	481
Gain on disposal of premises and equipment			36
Gain on life insurance	218		218
Investment advisory income	321	229	864	932
Other	169	145	512	395
Total non-interest income	1,646	1,389	4,380	4,603
Non-interest Expense
Salaries and employee benefits	4,673	5,357	14,865	16,393
Occupancy	1,049	1,097	3,215	3,394
Data processing	501	479	1,479	1,421
Professional fees	490	419	1,472	1,292
Marketing	131	140	378	458
FDIC deposit insurance and other insurance	288	226	924	602
Amortization of intangible assets	22	24	67	75
Other	1,661	1,497	4,907	4,194
Total non-interest expense	8,815	9,239	27,307	27,829
Income before income taxes	1,579	2,702	4,423	7,740
Provision for income taxes	343	595	958	1,551
Net income	$ 1,236	$ 2,107	$ 3,465	$ 6,189
Earnings per common share:
Basic (in dollars per share)	$ 0.12	$ 0.19	$ 0.32	$ 0.57
Diluted (in dollars per share)	$ 0.11	$ 0.19	$ 0.32	$ 0.56
Weighted average shares outstanding, basic (in shares)	10,710,607	10,844,240	10,804,699	10,826,862
Weighted average shares outstanding, diluted (in shares)	10,760,118	10,996,309	10,891,730	10,999,745

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Consolidated Statements of Comprehensive Income (Loss)
Net Income		$ 1,236	$ 2,107	$ 3,465	$ 6,189
Other Comprehensive Loss
Unrealized holding losses arising during the period		(2,829)	(11,193)	(3,865)	(32,196)
Reclassification adjustment for gains or losses included in net realized loss on sales and calls of securities on the consolidated statements of income			8		170
Net unrealized losses on available for sale securities		(2,829)	(11,185)	(3,865)	(32,026)
Tax effect	[1]	594	2,349	812	6,726
Unrealized losses on available for sale securities, net of tax		(2,235)	(8,836)	(3,053)	(25,300)
Defined benefit pension plan:
Actuarial gains (losses) arising during the period		288	53	(101)	(919)
Reclassification adjustment for amortization of net actuarial (gain) loss	[2]	(93)	66	(280)	200
Total		195	119	(381)	(719)
Tax effect	[3]	(41)	(25)	80	151
Defined benefit pension plan gains (losses), net of tax		154	94	(301)	(568)
Other comprehensive loss:		(2,081)	(8,742)	(3,354)	(25,868)
Total Comprehensive Loss		$ (845)	$ (6,635)	$ 111	$ (19,679)

[1] Includes $0 for both the three and nine months ended September 30, 2023 and $2 and $36 for the three and nine months ended September 30, 2022, respectively, 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 ($20) and ($59) for both the three and nine months ended September 30, 2023, respectively and $14 and $42 for the three and nine months ended September 30, 2022, respectively, 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 (Loss) (Parentheticals) - Related income tax expense - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Tax effect of realized gains or losses	$ 0	$ 2	$ 0	$ 36
Tax effect of amortization of net actuarial income or (loss)	$ (20)	$ 14	$ (59)	$ 42

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														6,189
Other comprehensive income (loss)														(25,868)
Balance at Sep. 30, 2022		113		46,922		(3,546)			95,816		(32,503)			106,802
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income									2,107					2,107
Other comprehensive income (loss)											(8,742)			(8,742)
ESOP shares committed to be allocated				(3)		55								52
Share-based compensation expense				155										155
Restricted stock awards, net of taxes withheld				(111)										(111)
Balance at Sep. 30, 2022		113		46,922		(3,546)			95,816		(32,503)			106,802
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														3,465
Other comprehensive income (loss)														(3,354)
Balance at Sep. 30, 2023		111		45,976		(3,328)			99,456		(35,543)			106,672
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income									1,236					1,236
Other comprehensive income (loss)											(2,081)			(2,081)
ESOP shares committed to be allocated				(17)		54								37
Share-based compensation expense				95										95
Restricted stock awards, net of taxes withheld				(78)										(78)
Balance at Sep. 30, 2023		$ 111		$ 45,976		$ (3,328)			$ 99,456		$ (35,543)			$ 106,672

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Cash Flows from Operating Activities
Net income			$ 3,465	$ 6,189
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion of premiums and discounts on investments, net			214	181
Net realized loss on sales and calls of securities				170
Provision for credit losses		$ 545		1,112
Provision for credit losses	$ 910		1,472
Loans originated for sale			(3,568)	(19,399)
Proceeds from sale of loans			3,800	24,097
Net gain on sale of loans			(92)	(840)
Amortization of intangible assets	22	24	67	75	$ 99
Depreciation and amortization			1,075	1,167
Gain from disposal of premises and equipment			(36)
Deferred income tax benefit			(369)	(27)
Increase in cash surrender value of insurance			(494)	(481)
Gain on life insurance	(218)		(218)
Net decrease in accrued interest receivable			792	722
Expense of earned ESOP shares			125	163
Share-based compensation expense			395	460
Net increase in other assets			(2,889)	(3,122)
Net increase in accrued expenses and other liabilities			3,149	5,507
Net cash provided by operating activities			6,888	15,974
Cash Flows from Investing Activities
Proceeds from sales and calls of securities				14,825
Proceeds from maturities and principal repayments of securities			25,328	34,276
Purchases of securities				(30,225)
Net purchases of FHLB Stock			(1,439)	(1,028)
Net increase in loans			(11,643)	(101,285)
Purchases of bank owned life insurance			(23)	(23)
Purchases of bank premises and equipment			(338)	(842)
Net proceeds from life insurance			669
Net cash provided by (used in) investing activities			12,554	(84,302)
Cash Flows from Financing Activities
Net (decrease) increase in demand deposits, NOW, money market and savings accounts			(134,129)	44,538
Net increase (decrease) in time deposits			86,496	(36,345)
Decrease in mortgagors' escrow accounts			(4,935)	(3,235)
Net (decrease) increase in short-term debt			(11,273)	20,773
Net increase (decrease) in long-term debt			41,233	(1,273)
Stock repurchase			(1,458)	(111)
Net cash (used in) provided by financing activities			(24,066)	24,347
Net decrease in cash and cash equivalents			(4,624)	(43,981)
Cash and Cash Equivalents
Beginning balance			31,384	72,091	72,091
Ending balance	$ 26,760	$ 28,110	26,760	28,110	$ 31,384
Supplemental Disclosures of Cash Flow Information
Interest			16,064	3,140
Income taxes			$ 1,106	$ 1,542

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	9 Months Ended
Nature of Business and Significant Accounting Policies	Sep. 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 nine months ended September 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 the Company 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 the Bank. 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, including a requirement that estimated credit losses on available for sale 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 ACL (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	9 Months Ended
Investment Securities	Sep. 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: September 30, 2023 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value U.S. Treasury securities $ 30,099 $ — $ (1,533) $ 28,566 U.S. government agency mortgage-backed securities–residential 160,314 — (33,092) 127,222 U.S. government agency securities 24,777 — (2,247) 22,530 Municipal securities (1) 3,164 — (365) 2,799 Corporate bonds 14,700 — (2,261) 12,439 Other 748 — (52) 696 Total $ 233,802 $ — $ (39,550) $ 194,252 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: September 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 $ — $ — $ 28,566 $ (1,533) $ 28,566 $ (1,533) U.S. government agency mortgage-backed securities-residential — — 127,222 (33,092) 127,222 (33,092) U.S. government agency securities — — 22,530 (2,247) 22,530 (2,247) Municipal securities 487 (43) 2,197 (322) 2,684 (365) Corporate bonds 1,250 (250) 11,189 (2,011) 12,439 (2,261) Other 669 (52) — — 669 (52) Total $ 2,406 $ (345) $ 191,704 $ (39,205) $ 194,110 $ (39,550) 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 September 30, 2023, the Company had 234 individual available-for-sale securities in an unrealized loss position with unrealized losses totaling $39,550 with an aggregate depreciation of 16.93% 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 September 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 September 30, 2023. Federal agency obligations, residential mortgage backed pass-through securities and commercial mortgage backed 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 September 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: September 30, 2023 December 31, 2022 Amortized Cost Fair Value Amortized Cost Fair Value Maturity: Within 1 year $ 20,470 $ 19,949 $ 16,923 $ 16,512 After 1 but within 5 years 32,870 29,806 46,162 42,225 After 5 but within 10 years 19,400 16,579 21,689 19,572 After 10 years — — — — Total Maturities 72,740 66,334 84,774 78,309 Mortgage-backed securities 160,314 127,222 173,926 144,534 Other 748 696 644 816 Total $ 233,802 $ 194,252 $ 259,344 $ 223,659 At September 30, 2023 and December 31, 2022, available for sale securities with a carrying value of $13,151 and $15,407, respectively, were pledged to secure Federal Home Loan Bank of New York (“FHLB”) borrowings. In addition, at September 30, 2023 and December 31, 2022, $79,074 and $958 of available for sale securities were pledged to secure borrowings at the Federal Reserve Bank of New York (“FRB”), respectively. During the nine months ended September 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	9 Months Ended
Loans and Allowance for Credit Losses	Sep. 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 credit 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: September 30, December 31, 2023 2022 Commercial real estate loans: Construction $ 28,231 $ 20,329 Non-residential 305,752 282,422 Multi-family 84,033 67,777 Residential real estate loans 70,019 53,720 Commercial and industrial loans (1) 87,421 87,982 Consumer loans: Indirect automobile 406,585 457,223 Home equity 11,654 11,507 Other consumer 8,872 9,479 Total gross loans 1,002,567 990,439 Net deferred loan costs 9,696 11,872 Allowance for credit losses (8,497) (7,943) Total net loans $ 1,003,766 $ 994,368 (1) Includes $321 and $537 in U.S. Small Business Administration (“SBA”), paycheck protection program (“PPP”) loans at September 30, 2023 and December 31, 2022, respectively. At September 30, 2023 and December 31, 2022, the unpaid principal balances of loans held for sale included in the residential real estate category above were $107 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: September 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 $ 28,231 $ — $ — $ — $ 28,231 $ — Non-residential 299,723 — 3,768 2,261 305,752 2,261 Multifamily 83,673 — 360 — 84,033 — Residential real estate 69,157 235 122 505 70,019 1,630 Commercial and industrial 86,997 188 78 158 87,421 158 Consumer: Indirect automobile 395,521 8,772 1,771 521 406,585 567 Home equity 11,436 14 29 175 11,654 175 Other consumer 8,681 129 25 37 8,872 37 Total $ 983,419 $ 9,338 $ 6,153 $ 3,657 $ 1,002,567 $ 4,828 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 All of our non-accrual loans are individually analyzed. The Company has one individually analyzed home equity loan of $98 that was accruing interest at September 30, 2023. The following table presents the Company’s amortized cost basis of individually analyzed loans for which there is no related ACL at September 30, 2023: September 30, 2023 Commercial real estate: Non-residential $ 1,364 Residential real estate 1,629 Commercial and industrial 158 Consumer: Indirect automobile 278 Home equity 273 Other consumer 35 Total $ 3,737 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 economic 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 economic 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. For the nine months ended September 30, 2023, $42 in accrued interest was reversed during the period for non-accrual loans. Total accrued interest receivable associated with loans totaled $2,925 and $3,723, at September 30, 2023 and December 31, 2022, respectively, and was reported in accrued interest receivable on the consolidated statements of financial condition. 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 September 30, 2023 and December 31, 2022, the Company was servicing loans for participants aggregating $41,506 and $8,466, respectively. Residential mortgage and consumer loans secured by residential real estate properties for which formal foreclosure proceedings are in process totaled $415 and $625 at September 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 nine months ended September 30, 2023. The Company services certain loans that it has sold to third parties. The aggregate balances of loans serviced for others were $287,036 and $301,235 as of September 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 September 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 September 30, 2023 and December 31, 2022, were $2,081 and $2,409, respectively. Fair value exceeds carrying value, and thus, no impairment charges related to servicing rights were recognized during the nine month period ended September 30, 2023 or the year ended December 31, 2022. Activity in the Company’s ACL for loans for the three and nine months ended September 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 September 30, 2023 Allowance for credit losses: Beginning balance $ 2,294 $ 179 $ 454 $ 4,968 $ 108 $ 8,003 Provision for (reversal of) credit losses 517 13 13 341 (5) 879 Loans charged-off — — — (1,098) — (1,098) Recoveries — $ 49 $ 69 $ 588 $ 7 713 Ending balance $ 2,811 $ 241 $ 536 $ 4,799 $ 110 $ 8,497 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Nine months ended September 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 640 32 639 118 (35) 1,394 Loans charged-off — — (710) (2,584) (25) (3,319) Recoveries — 52 109 1,687 51 1,899 Ending balance $ 2,811 $ 241 $ 536 $ 4,799 $ 110 $ 8,497 Ending balance: Loans individually analyzed $ 126 $ — $ — $ 87 $ 2 $ 215 Loans collectively analyzed $ 2,685 $ 241 $ 536 $ 4,712 $ 108 $ 8,282 Loan receivables: Ending balance $ 418,016 $ 70,019 $ 87,421 $ 406,585 $ 20,526 $ 1,002,567 Ending balance: Loans individually analyzed $ 2,259 $ 1,629 $ 158 $ 573 $ 310 $ 4,929 Loans collectively analyzed $ 415,757 $ 68,390 $ 87,263 $ 406,012 $ 20,216 $ 997,638 Activity in the Company’s allowance for loan losses for the three and nine months ended September 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 September 30, 2022 Allowance for loan losses: Beginning balance $ 3,440 $ 59 $ 859 $ 3,738 $ 73 $ 8,169 (Reversal of) provision for loan losses (86) 26 344 238 23 545 Loans charged-off — — (6) (736) (39) (781) Recoveries 117 1 — 430 11 559 Ending balance $ 3,471 $ 86 $ 1,197 $ 3,670 $ 68 $ 8,492 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Nine months ended September 30, 2022 Allowance for loan losses: Beginning balance $ 3,317 $ 54 $ 725 $ 3,416 $ 47 $ 7,559 Provision for (reversal of) loan losses 37 (79) 477 593 84 1,112 Loans charged-off — (44) (6) (1,790) (100) (1,940) Recoveries 117 155 1 1,451 37 1,761 Ending balance $ 3,471 $ 86 $ 1,197 $ 3,670 $ 68 $ 8,492 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 9 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 nine months ended September 30, 2023 and 2022: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Provision for credit losses - loans $ 879 $ 545 $ 1,394 $ 1,112 Provision for credit losses - unfunded commitments 31 — 78 — Provision for credit losses $ 910 $ 545 $ 1,472 $ 1,112 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 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 nine months ended September 30, 2023, and by fiscal year of origination as of September 30, 2023. Revolving Loans by Origination Year Loans 2023 2022 2021 2020 2019 Prior Amortized Cost Total Commercial construction Pass $ - $ 6,531 $ - $ - $ - $ - $ - $ 6,531 Watch 4,213 11,725 5,762 - - - - 21,700 Total commercial construction 4,213 18,256 5,762 - - - - 28,231 Commercial non-residential Pass $ 25,475 $ 43,949 $ 26,855 $ 16,876 $ 40,433 $ 47,220 $ - $ 200,808 Watch 16,669 9,402 8,526 13,024 8,515 38,255 - 94,391 Special mention - - - - 5,927 1,445 - 7,372 Substandard - - - - 480 2,701 - 3,181 Total commercial non-residential 42,144 53,351 35,381 29,900 55,355 89,621 - 305,752 Multifamily Pass $ 816 $ 18,854 $ 30,614 $ 2,120 $ 1,555 $ 4,396 $ - $ 58,355 Watch 1,000 6,785 7,007 - 1,284 9,602 - 25,678 Total multifamily 1,816 25,639 37,621 2,120 2,839 13,998 - 84,033 Residential Performing $ 19,934 $ 26,280 $ 2,172 $ 2,745 $ 2,638 $ 14,620 $ - $ 68,389 Non-performing - - - - - 1,630 - 1,630 Total residential 19,934 26,280 2,172 2,745 2,638 16,250 - 70,019 Commercial and industrial Pass $ 9,577 $ 27,242 $ 11,561 $ 1,671 $ 1,160 $ 1,449 $ 11,171 $ 63,831 Watch 1,223 1,425 344 674 592 1,687 16,011 21,956 Special mention 224 - 326 7 39 28 - 624 Substandard - - - - 112 854 44 1,010 Total commercial and industrial 11,024 28,667 12,231 2,352 1,903 4,018 27,226 87,421 Current-period gross write-offs - - 710 - - - - 710 Indirect automobile Performing $ 78,575 $ 174,314 $ 81,424 $ 39,927 $ 23,396 $ 8,382 $ - $ 406,018 Non-performing 54 155 199 40 114 5 - 567 Total indirect automobile 78,629 174,469 81,623 39,967 23,510 8,387 - 406,585 Current-period gross write-offs 92 1,083 716 324 259 110 - 2,584 Home equity Performing $ - $ - $ - $ - $ 34 $ 3,991 $ 7,454 $ 11,479 Non-performing - - - - - 175 - 175 Total home equity - - - - 34 4,166 7,454 11,654 Other consumer Performing $ 2,697 $ 4,034 $ 1,032 $ 520 $ 170 $ 157 $ 225 $ 8,835 Non-performing 2 1 10 24 - - - 37 Total other consumer 2,699 4,035 1,042 544 170 157 225 8,872 Current-period gross write-offs - 13 - 11 - 1 - 25 Total Loans Pass/performing $ 137,074 $ 301,204 $ 153,658 $ 63,859 $ 69,386 $ 80,215 $ 18,850 $ 824,246 Watch 23,105 29,337 21,639 13,698 10,391 49,544 16,011 163,725 Special mention 224 - 326 7 5,966 1,473 - 7,996 Substandard - - - - 592 3,555 44 4,191 Non-performing 56 156 209 64 114 1,810 - 2,409 Total Loans $ 160,459 $ 330,697 $ 175,832 $ 77,628 $ 86,449 $ 136,597 $ 34,905 $ 1,002,567 Total Current-period gross write-offs $ 92 $ 1,096 $ 1,426 $ 335 $ 259 $ 111 $ - $ 3,319 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	9 Months Ended
Goodwill and Intangible Assets	Sep. 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: Nine Months Ended Year Ended September 30, December 31, 2023 2022 Beginning balance $ 2,235 $ 2,235 Activity during the period — — Ending balance $ 2,235 $ 2,235 The Company evaluates goodwill annually in the fourth quarter of the fiscal year and has determined that no write-down was required for the year ended December 31, 2022. The changes in the carrying value of the customer list and core deposit intangibles are as follows: Nine Months Ended Year Ended September 30, December 31, 2023 2022 Beginning balance $ 334 $ 433 Amortization (67) (99) Ending balance $ 267 $ 334 Accumulated amortization and impairment $ 1,010 $ 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 $22 and $24 of amortization expense related to its intangible assets for the three months ended September 30, 2023 and 2022, respectively. The Company recognized $67 and $75 of amortization expense related to its intangible assets for the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023, the future amortization expense for amortizable intangible assets for the years ended December 31, was as follows: 2023 $ 21 2024 79 2025 60 2026 29 2027 21 Thereafter 57 Total $ 267

Deposits

Deposits	9 Months Ended
Deposits	Sep. 30, 2023
Deposits
Deposits	5. Deposits Deposits balances are summarized as follows: September 30, December 31, 2023 2022 Non-interest bearing demand deposits $ 276,881 $ 283,563 Interest bearing accounts: NOW 138,200 156,285 Savings 154,129 176,916 Money market 210,212 296,787 Time certificates of deposit 302,878 216,382 Total interest bearing accounts 805,419 846,370 Total deposits $ 1,082,300 $ 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 September 30, 2023 and December 31, 2022, total reciprocal deposits were $31,187 and $10,023. Included in time certificates of deposit at September 30, 2023 and December 31, 2022 were reciprocal deposits totaling $28,772 and $10,023, respectively, with original maturities of one Time deposits included brokered deposits of $12,000 and $34,041 at September 30, 2023 and December 31, 2022, respectively. Time certificates of deposit in denominations of $250 or greater were $80,369 and $38,897 as of September 30, 2023 and December 31, 2022, respectively. Contractual maturities of time certificates of deposit at September 30, 2023 are summarized below: September 30, 2023 Within 1 year $ 292,161 1 – 2 years 6,822 2 – 3 years 1,866 3 – 4 years 521 4 – 5 years 1,508 Total $ 302,878

Long-Term Debt and FHLB Stock

Long-Term Debt and FHLB Stock	9 Months Ended
Long-Term Debt and FHLB Stock	Sep. 30, 2023
Long-Term Debt and FHLB Stock
Long-Term Debt and FHLB Stock	6. Long-Term Debt and FHLB Stock FHLB Borrowings and Stock The Bank is a member of the FHLB. At September 30, 2023 and December 31, 2022, the Bank had access to a preapproved secured line of credit with the FHLB of $657,633 and $667,905, respectively. Borrowings under this line require collateralization through the pledge of specific loans and securities. At September 30, 2023 and December 31, 2022, the Bank had pledged assets of $208,911 and $195,455, respectively. The Company had no outstanding overnight line of credit balances with the FHLB at either September 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 September 30, 2023 were as follows: Term Principal Maturity Rate Due in one year Long term 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 March 21, 2024 5.18 % 20,000 — Fixed medium-term 20,000 March 20, 2025 4.47 % — 20,000 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 medium-term 1,233 September 21, 2026 5.20 % — 1,233 Fixed medium-term 20,000 May 2, 2028 3.88 % — 20,000 Total $ 87,683 Weighted Average Rate 4.71 % $ 40,000 $ 47,683 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 September 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 CME term Secured Overnight Financing Rate (“SOFR”) plus 2% and a relative spread adjustment of 0.26% was 7.64% at September 30, 2023. The rate at December 31, 2022 was 6.69% and was based on the three month LIBOR plus 2.00%. The subordinated debentures mature on May 23, 2035. 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 September 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 September 30, 2023 or December 31, 2022.

Employee Benefits

Employee Benefits	9 Months Ended
Employee Benefits	Sep. 30, 2023
Employee Benefits
Employee Benefits	7. 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: September 30, December 31, 2023 2022 Projected and accumulated benefit obligation $ (17,342) $ (17,138) Plan assets at fair value 16,501 16,906 Funded status included in accrued expenses and other liabilities $ (841) $ (232) The net periodic pension cost and amounts recognized in other expense are as follows: Nine months ended September 30, 2023 2022 Interest cost $ 646 $ 476 Expected return on plan assets (698) (755) Amortization of unrecognized loss 280 200 Net periodic cost (benefit) $ 228 $ (79) 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 September 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 nine months of 2023 or 2022. The fair value of the Company’s pension plan assets, by fair value hierarchy, are as follows: September 30, 2023 Level 1 Level 2 Level 3 Total Assets: Investment in separate accounts Fixed income $ 11,309 $ — $ — $ 11,309 Equity 5,192 — — 5,192 Total assets at fair value $ 16,501 $ — $ — $ 16,501 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 $823 and $882 for the nine months ended September 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 September 30, 2023 and December 31, 2022, total amounts due to participants of $3,055 and $2,761, respectively, were included in accrued expenses and other liabilities. Total expenses related to the Directors’ Plan were $155 and $172 for the nine months ended September 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. 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 accrued over the individual participants’ service period and aggregated $1,619 and $1,580 at September 30, 2023 and December 31, 2022, respectively. The Company recognized expenses of $39 and $36 for the nine-month periods ended September 30, 2023 and September 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, each of which provide fixed postretirement benefits to be paid to the directors or the officer, or their beneficiaries, for periods ranging from 15 to 20 years. In addition, the Company has agreements with certain directors which provide certain postretirement life insurance benefits. The liability related to these postretirement benefits is accrued over the individual participants’ service period and aggregated $2,045 and $2,031 at September 30, 2023 and December 31, 2022, respectively. The Company recognized expenses of $45 and $65 for the nine months ended September 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 to purchase 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 September 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: September 30, December 31, 2023 2022 Allocated 87,284 65,463 Committed to be allocated 16,362 21,821 Unallocated 332,779 349,141 Paid out to participants (4,376) (4,376) Total shares 432,049 432,049 The fair value of unallocated shares was $2,253 at September 30, 2023. Total compensation expense recognized in connection with the ESOP for the nine months ended September 30, 2023 and 2022 was $126 and $163, 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 these 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 September 30, 2023, there were 103,479 stock options and 49,778 restricted stock awards that remained 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 September 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 Expired (666) 6.57 - Forfeited (1,001) 6.57 - Options outstanding at September 30, 2023 436,263 $ 6.62 6.90 Options exercisable at September 30, 2023 431,263 $ 6.60 6.89 At September 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 $101 . 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 September 30, 2023. As of September 30, 2023 , there was $2 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 0.15 years. The following table summarizes the Company’s restricted stock activity for the nine months ended September 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 Vested (55,598) 6.57 Forfeited (668) 6.57 Non-vested restricted stock at September 30, 2023 - $ - As of September 30, 2023, there were no unrecognized compensation costs related to the nonvested restricted stock awards granted under the 2020 EIP. For the nine months ended September 30, 2023, share-based compensation of options and restricted stock under the plan totaled $395.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2023
Leases
Leases	8. Leases As of September 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 the value of 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 10.5 years and 11.6 years as of September 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 2.48% and 2.58% in determining the lease liability as of September 30, 2023 and December 31, 2022, respectively. For the nine months ended September 30, 2023 and 2022, total operating lease costs were $537 and $597, respectively, and were included in occupancy and other expense. Deferred rent liability was $77 and $105 at September 30, 2023 and December 31, 2022, respectively. The right-of-use asset, included in other assets, was $6,456 and $6,896 and the corresponding lease liability, included in accrued expenses and other liabilities, was $6,456 and $6,896 as of September 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 September 30, 2023 were as follows: Years ending December 31: 2023 $ 191 2024 764 2025 739 2026 720 2027 676 Thereafter 4,394 Total future minimum lease payments 7,484 Amounts representing interest (1,028) Present Value of Net Future Minimum Lease Payments $ 6,456

Commitments and Contingencies a

Commitments and Contingencies and Derivatives	9 Months Ended
Commitments and Contingencies and Derivatives	Sep. 30, 2023
Commitments and Contingencies and Derivatives
Commitments and Contingencies and Derivatives	9. 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 to bear all costs when a default, including a foreclosure, occurs. 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: September 30, December 31, 2023 2022 Commitments to extend credit summarized as follows: Future loan commitments $ 7,544 $ 3,815 Undisbursed construction loans 40,487 30,274 Undisbursed home equity lines of credit 10,674 9,561 Undisbursed commercial and other line of credit 63,782 77,719 Standby letters of credit 5,350 4,571 Loans sold with recourse 1,075 276 Total $ 128,912 $ 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 an 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 nine months ended September 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 September 30, 2023 Allowance for credit losses: Beginning balance $ 200 $ — $ 61 $ — $ 7 $ 268 Provision for credit losses 26 — 4 — 1 31 Ending balance $ 226 $ — $ 65 $ — $ 8 $ 299 Commercial Commercial Real Estate Residential and Industrial Indirect Consumer Totals Nine months ended September 30, 2023 Allowance for credit losses: Beginning balance $ — $ — $ — $ — $ — $ — Adoption of CECL standard 149 — 65 — 7 221 Provision for credit losses 77 — — — 1 78 Ending balance $ 226 $ — $ 65 $ — $ 8 $ 299 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 an interest rate swap agreement 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: September 30, December 31, 2023 2022 Notational amount $ 60,948 $ 26,541 Fair value $ 5,080 $ 3,578 Weighted average pay rates 5.03 % 3.69 % Weighted average receive rates 7.37 % 6.30 % Weighted average maturity (in years) 8.93 8.79 Number of Contracts 14 7 Not included in the table above are five contracted forward rate swaps with a notional value of $35,326 and a fair value of $2,598 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	9 Months Ended
Regulatory Matters	Sep. 30, 2023
Regulatory Matters
Regulatory Matters	10. 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 September 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 September 30, 2023 Rhinebeck Bank Total capital (to risk-weighted assets) $ 144,261 12.47 % $ 92,543 8.00 % $ 115,679 10.00 % Tier 1 capital (to risk-weighted assets) 135,465 11.71 % 69,407 6.00 % 92,543 8.00 % Common equity tier one capital (to risk weighted assets) 135,465 11.71 % 52,055 4.50 % 75,191 6.50 % Tier 1 capital (to average assets) 135,465 9.93 % 54,559 4.00 % 68,199 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	9 Months Ended
Fair Value	Sep. 30, 2023
Fair Value
Fair Value	11. 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) September 30, 2023 Assets: U.S. Treasury securities $ 28,566 $ 28,566 $ — $ — U.S. government agency mortgage-backed securities-residential 127,222 — 127,222 — U.S. government agency securities 22,530 — 22,530 — Municipal securities 2,799 — 2,684 115 Corporate Bonds 12,439 — 12,439 — Other 696 — 696 — Total available for sale securities 194,252 28,566 165,571 115 Loan level interest rate swaps 7,678 — 7,678 — Total assets $ 201,930 $ 28,566 $ 173,249 $ 115 Liabilities: Loan level interest rate swaps $ 7,678 $ — $ 7,678 $ — Total liabilities $ 7,678 $ — $ 7,678 $ — 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 September 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) September 30, 2023 Individually analyzed loans, with specific reserves $ 977 $ — $ — $ 977 Total $ 977 $ — $ — $ 977 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 $1,192 and $428 with valuation allowances of $215 and $109 resulting in fair values of $977 and $319 at September 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) September 30, 2023 Individually analyzed loans, with specific reserves $ 977 Appraisal of collateral (1) Liquidation expenses (3) 0% to 8% Appraisal adjustments (2) 0% to 20% December 31, 2022 Impaired loans $ 319 Appraisal of collateral (1) Liquidation expenses (3) 0% to 8% 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 percentage 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: September 30, December 31, 2023 2022 Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents (Level 1) $ 26,760 $ 26,760 $ 31,384 $ 31,384 Available for sale securities (Level 1) 28,566 28,566 37,857 37,857 Available for sale securities (Level 2) 165,571 165,571 185,672 185,672 Available for sale securities (Level 3) 115 115 130 130 Loan level interest rate swaps (Level 2) 7,678 7,678 4,548 4,548 FHLB stock (Level 2) 4,697 4,697 3,258 3,258 Loans, net (Level 3) 1,003,766 968,289 994,368 953,432 Accrued interest receivable (Level 2) 3,463 3,463 4,255 4,255 Mortgage servicing rights (Level 3) 2,081 4,786 2,409 5,211 Financial Liabilities: Deposits (Level 2) 1,082,300 968,426 1,129,933 1,001,455 Mortgagors' escrow accounts (Level 2) 4,797 4,797 9,732 9,723 FHLB advances (Level 2) 87,683 86,128 57,723 57,739 Subordinated debt (Level 2) 5,155 5,155 5,155 5,155 Loan level interest rate swaps (Level 2) 7,678 7,678 4,548 4,548 Accrued interest payable (Level 2) 958 958 774 774

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
Accumulated Other Comprehensive Loss	Sep. 30, 2023
Accumulated Other Comprehensive Loss.
Accumulated Other Comprehensive Loss	12. Accumulated Other Comprehensive Loss The activity in accumulated other comprehensive loss for the three and nine months ended September 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 June 30, 2023 $ (4,452) $ (29,010) $ (33,462) Other comprehensive gain (loss) before reclassifications 227 (2,235) (2,008) Amounts reclassified from accumulated other comprehensive gain (73) — (73) Period change 154 (2,235) (2,081) Balance at September 30, 2023 $ (4,298) $ (31,245) $ (35,543) Balance at June 30, 2022 $ (4,563) $ (19,198) $ (23,761) Other comprehensive gain (loss) before reclassifications 42 (8,842) (8,800) Amounts reclassified from accumulated other comprehensive loss 52 6 58 Period change 94 (8,836) (8,742) Balance at September 30, 2022 $ (4,469) $ (28,034) $ (32,503) 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 (80) (3,053) (3,133) Amounts reclassified from accumulated other comprehensive gain (221) — (221) Period change (301) (3,053) (3,354) Balance at September 30, 2023 $ (4,298) $ (31,245) $ (35,543) Balance at December 31, 2021 $ (3,901) $ (2,734) $ (6,635) Other comprehensive loss before reclassifications (726) (25,434) (26,160) Amounts reclassified from accumulated other comprehensive loss 158 134 292 Period change (568) (25,300) (25,868) Balance at September 30, 2022 $ (4,469) $ (28,034) $ (32,503) (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	9 Months Ended
Earnings Per Share	Sep. 30, 2023
Earnings Per Share
Earnings Per Share	13. 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. For the three and nine months ended September 30, 2023, there were 15,000 options outstanding at an average weighted price of $7.90 per share that were not included in the computation of diluted earnings per share because to do so would be anti-dilutive. There were no anti-dilutive options for the three or nine months ended September 30, 2022. Unearned ESOP shares are not deemed outstanding for earnings per share calculations. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Net income applicable to common stock $ 1,236 $ 2,107 $ 3,465 $ 6,189 Average number of common shares outstanding 11,046,118 11,201,567 11,145,659 11,189,643 Less: Average unearned ESOP shares 335,511 357,327 340,960 362,781 Average number of common shares outstanding used to calculate basic earnings per common share 10,710,607 10,844,240 10,804,699 10,826,862 Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share 30,770 49,534 34,791 57,603 Additional common stock equivalents (stock options) used to calculate diluted earnings per share 18,741 102,535 52,240 115,280 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share 10,760,118 10,996,309 10,891,730 10,999,745 Earnings per Common share: Basic $ 0.12 $ 0.19 $ 0.32 $ 0.57 Diluted $ 0.11 $ 0.19 $ 0.32 $ 0.56

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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 the Bank. 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, including a requirement that estimated credit losses on available for sale 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 ACL (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)	9 Months Ended
	Sep. 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 ACL (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)	9 Months Ended
Investment Securities (Tables)	Sep. 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: September 30, 2023 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value U.S. Treasury securities $ 30,099 $ — $ (1,533) $ 28,566 U.S. government agency mortgage-backed securities–residential 160,314 — (33,092) 127,222 U.S. government agency securities 24,777 — (2,247) 22,530 Municipal securities (1) 3,164 — (365) 2,799 Corporate bonds 14,700 — (2,261) 12,439 Other 748 — (52) 696 Total $ 233,802 $ — $ (39,550) $ 194,252 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: September 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 $ — $ — $ 28,566 $ (1,533) $ 28,566 $ (1,533) U.S. government agency mortgage-backed securities-residential — — 127,222 (33,092) 127,222 (33,092) U.S. government agency securities — — 22,530 (2,247) 22,530 (2,247) Municipal securities 487 (43) 2,197 (322) 2,684 (365) Corporate bonds 1,250 (250) 11,189 (2,011) 12,439 (2,261) Other 669 (52) — — 669 (52) Total $ 2,406 $ (345) $ 191,704 $ (39,205) $ 194,110 $ (39,550) 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	September 30, 2023 December 31, 2022 Amortized Cost Fair Value Amortized Cost Fair Value Maturity: Within 1 year $ 20,470 $ 19,949 $ 16,923 $ 16,512 After 1 but within 5 years 32,870 29,806 46,162 42,225 After 5 but within 10 years 19,400 16,579 21,689 19,572 After 10 years — — — — Total Maturities 72,740 66,334 84,774 78,309 Mortgage-backed securities 160,314 127,222 173,926 144,534 Other 748 696 644 816 Total $ 233,802 $ 194,252 $ 259,344 $ 223,659

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
Loans and Allowance for Credit Losses (Tables)	Sep. 30, 2023
Loans and Allowance for Credit Losses
Schedule of summary loan portfolio	September 30, December 31, 2023 2022 Commercial real estate loans: Construction $ 28,231 $ 20,329 Non-residential 305,752 282,422 Multi-family 84,033 67,777 Residential real estate loans 70,019 53,720 Commercial and industrial loans (1) 87,421 87,982 Consumer loans: Indirect automobile 406,585 457,223 Home equity 11,654 11,507 Other consumer 8,872 9,479 Total gross loans 1,002,567 990,439 Net deferred loan costs 9,696 11,872 Allowance for credit losses (8,497) (7,943) Total net loans $ 1,003,766 $ 994,368 (1) Includes $321 and $537 in U.S. Small Business Administration (“SBA”), paycheck protection program (“PPP”) loans at September 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: September 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 $ 28,231 $ — $ — $ — $ 28,231 $ — Non-residential 299,723 — 3,768 2,261 305,752 2,261 Multifamily 83,673 — 360 — 84,033 — Residential real estate 69,157 235 122 505 70,019 1,630 Commercial and industrial 86,997 188 78 158 87,421 158 Consumer: Indirect automobile 395,521 8,772 1,771 521 406,585 567 Home equity 11,436 14 29 175 11,654 175 Other consumer 8,681 129 25 37 8,872 37 Total $ 983,419 $ 9,338 $ 6,153 $ 3,657 $ 1,002,567 $ 4,828 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 nonaccrual loans	The following table presents the Company’s amortized cost basis of individually analyzed loans for which there is no related ACL at September 30, 2023: September 30, 2023 Commercial real estate: Non-residential $ 1,364 Residential real estate 1,629 Commercial and industrial 158 Consumer: Indirect automobile 278 Home equity 273 Other consumer 35 Total $ 3,737
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 nine months ended September 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 September 30, 2023 Allowance for credit losses: Beginning balance $ 2,294 $ 179 $ 454 $ 4,968 $ 108 $ 8,003 Provision for (reversal of) credit losses 517 13 13 341 (5) 879 Loans charged-off — — — (1,098) — (1,098) Recoveries — $ 49 $ 69 $ 588 $ 7 713 Ending balance $ 2,811 $ 241 $ 536 $ 4,799 $ 110 $ 8,497 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Nine months ended September 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 640 32 639 118 (35) 1,394 Loans charged-off — — (710) (2,584) (25) (3,319) Recoveries — 52 109 1,687 51 1,899 Ending balance $ 2,811 $ 241 $ 536 $ 4,799 $ 110 $ 8,497 Ending balance: Loans individually analyzed $ 126 $ — $ — $ 87 $ 2 $ 215 Loans collectively analyzed $ 2,685 $ 241 $ 536 $ 4,712 $ 108 $ 8,282 Loan receivables: Ending balance $ 418,016 $ 70,019 $ 87,421 $ 406,585 $ 20,526 $ 1,002,567 Ending balance: Loans individually analyzed $ 2,259 $ 1,629 $ 158 $ 573 $ 310 $ 4,929 Loans collectively analyzed $ 415,757 $ 68,390 $ 87,263 $ 406,012 $ 20,216 $ 997,638 Activity in the Company’s allowance for loan losses for the three and nine months ended September 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 September 30, 2022 Allowance for loan losses: Beginning balance $ 3,440 $ 59 $ 859 $ 3,738 $ 73 $ 8,169 (Reversal of) provision for loan losses (86) 26 344 238 23 545 Loans charged-off — — (6) (736) (39) (781) Recoveries 117 1 — 430 11 559 Ending balance $ 3,471 $ 86 $ 1,197 $ 3,670 $ 68 $ 8,492 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Nine months ended September 30, 2022 Allowance for loan losses: Beginning balance $ 3,317 $ 54 $ 725 $ 3,416 $ 47 $ 7,559 Provision for (reversal of) loan losses 37 (79) 477 593 84 1,112 Loans charged-off — (44) (6) (1,790) (100) (1,940) Recoveries 117 155 1 1,451 37 1,761 Ending balance $ 3,471 $ 86 $ 1,197 $ 3,670 $ 68 $ 8,492 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 nine months ended September 30, 2023 and 2022: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Provision for credit losses - loans $ 879 $ 545 $ 1,394 $ 1,112 Provision for credit losses - unfunded commitments 31 — 78 — Provision for credit losses $ 910 $ 545 $ 1,472 $ 1,112
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 nine months ended September 30, 2023, and by fiscal year of origination as of September 30, 2023. Revolving Loans by Origination Year Loans 2023 2022 2021 2020 2019 Prior Amortized Cost Total Commercial construction Pass $ - $ 6,531 $ - $ - $ - $ - $ - $ 6,531 Watch 4,213 11,725 5,762 - - - - 21,700 Total commercial construction 4,213 18,256 5,762 - - - - 28,231 Commercial non-residential Pass $ 25,475 $ 43,949 $ 26,855 $ 16,876 $ 40,433 $ 47,220 $ - $ 200,808 Watch 16,669 9,402 8,526 13,024 8,515 38,255 - 94,391 Special mention - - - - 5,927 1,445 - 7,372 Substandard - - - - 480 2,701 - 3,181 Total commercial non-residential 42,144 53,351 35,381 29,900 55,355 89,621 - 305,752 Multifamily Pass $ 816 $ 18,854 $ 30,614 $ 2,120 $ 1,555 $ 4,396 $ - $ 58,355 Watch 1,000 6,785 7,007 - 1,284 9,602 - 25,678 Total multifamily 1,816 25,639 37,621 2,120 2,839 13,998 - 84,033 Residential Performing $ 19,934 $ 26,280 $ 2,172 $ 2,745 $ 2,638 $ 14,620 $ - $ 68,389 Non-performing - - - - - 1,630 - 1,630 Total residential 19,934 26,280 2,172 2,745 2,638 16,250 - 70,019 Commercial and industrial Pass $ 9,577 $ 27,242 $ 11,561 $ 1,671 $ 1,160 $ 1,449 $ 11,171 $ 63,831 Watch 1,223 1,425 344 674 592 1,687 16,011 21,956 Special mention 224 - 326 7 39 28 - 624 Substandard - - - - 112 854 44 1,010 Total commercial and industrial 11,024 28,667 12,231 2,352 1,903 4,018 27,226 87,421 Current-period gross write-offs - - 710 - - - - 710 Indirect automobile Performing $ 78,575 $ 174,314 $ 81,424 $ 39,927 $ 23,396 $ 8,382 $ - $ 406,018 Non-performing 54 155 199 40 114 5 - 567 Total indirect automobile 78,629 174,469 81,623 39,967 23,510 8,387 - 406,585 Current-period gross write-offs 92 1,083 716 324 259 110 - 2,584 Home equity Performing $ - $ - $ - $ - $ 34 $ 3,991 $ 7,454 $ 11,479 Non-performing - - - - - 175 - 175 Total home equity - - - - 34 4,166 7,454 11,654 Other consumer Performing $ 2,697 $ 4,034 $ 1,032 $ 520 $ 170 $ 157 $ 225 $ 8,835 Non-performing 2 1 10 24 - - - 37 Total other consumer 2,699 4,035 1,042 544 170 157 225 8,872 Current-period gross write-offs - 13 - 11 - 1 - 25 Total Loans Pass/performing $ 137,074 $ 301,204 $ 153,658 $ 63,859 $ 69,386 $ 80,215 $ 18,850 $ 824,246 Watch 23,105 29,337 21,639 13,698 10,391 49,544 16,011 163,725 Special mention 224 - 326 7 5,966 1,473 - 7,996 Substandard - - - - 592 3,555 44 4,191 Non-performing 56 156 209 64 114 1,810 - 2,409 Total Loans $ 160,459 $ 330,697 $ 175,832 $ 77,628 $ 86,449 $ 136,597 $ 34,905 $ 1,002,567 Total Current-period gross write-offs $ 92 $ 1,096 $ 1,426 $ 335 $ 259 $ 111 $ - $ 3,319 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)	9 Months Ended
Goodwill and Intangible Assets (Tables)	Sep. 30, 2023
Goodwill and Intangible Assets
Schedule of changes in the carrying value of goodwill	Nine Months Ended Year Ended September 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	Nine Months Ended Year Ended September 30, December 31, 2023 2022 Beginning balance $ 334 $ 433 Amortization (67) (99) Ending balance $ 267 $ 334 Accumulated amortization and impairment $ 1,010 $ 943
Schedule of future amortization expense for amortizable intangible assets	2023 $ 21 2024 79 2025 60 2026 29 2027 21 Thereafter 57 Total $ 267

Deposits (Tables)

Deposits (Tables)	9 Months Ended
Deposits (Tables)	Sep. 30, 2023
Deposits
Schedule of deposits	September 30, December 31, 2023 2022 Non-interest bearing demand deposits $ 276,881 $ 283,563 Interest bearing accounts: NOW 138,200 156,285 Savings 154,129 176,916 Money market 210,212 296,787 Time certificates of deposit 302,878 216,382 Total interest bearing accounts 805,419 846,370 Total deposits $ 1,082,300 $ 1,129,933
Schedule of contractual maturities of time certificates of deposit	September 30, 2023 Within 1 year $ 292,161 1 – 2 years 6,822 2 – 3 years 1,866 3 – 4 years 521 4 – 5 years 1,508 Total $ 302,878

Long-Term Debt and FHLB Stock (

Long-Term Debt and FHLB Stock (Tables)	9 Months Ended
Long-Term Debt and FHLB Stock (Tables)	Sep. 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 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 March 21, 2024 5.18 % 20,000 — Fixed medium-term 20,000 March 20, 2025 4.47 % — 20,000 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 medium-term 1,233 September 21, 2026 5.20 % — 1,233 Fixed medium-term 20,000 May 2, 2028 3.88 % — 20,000 Total $ 87,683 Weighted Average Rate 4.71 % $ 40,000 $ 47,683

Employee Benefits (Tables)

Employee Benefits (Tables)	9 Months Ended
Employee Benefits (Tables)	Sep. 30, 2023
Employee Benefits
Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition	September 30, December 31, 2023 2022 Projected and accumulated benefit obligation $ (17,342) $ (17,138) Plan assets at fair value 16,501 16,906 Funded status included in accrued expenses and other liabilities $ (841) $ (232)
Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income	Nine months ended September 30, 2023 2022 Interest cost $ 646 $ 476 Expected return on plan assets (698) (755) Amortization of unrecognized loss 280 200 Net periodic cost (benefit) $ 228 $ (79)
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: September 30, 2023 Level 1 Level 2 Level 3 Total Assets: Investment in separate accounts Fixed income $ 11,309 $ — $ — $ 11,309 Equity 5,192 — — 5,192 Total assets at fair value $ 16,501 $ — $ — $ 16,501 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	September 30, December 31, 2023 2022 Allocated 87,284 65,463 Committed to be allocated 16,362 21,821 Unallocated 332,779 349,141 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 September 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 Expired (666) 6.57 - Forfeited (1,001) 6.57 - Options outstanding at September 30, 2023 436,263 $ 6.62 6.90 Options exercisable at September 30, 2023 431,263 $ 6.60 6.89
Summary of Company's restricted stock activity	The following table summarizes the Company’s restricted stock activity for the nine months ended September 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 Vested (55,598) 6.57 Forfeited (668) 6.57 Non-vested restricted stock at September 30, 2023 - $ -

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2023
Leases
Schedule of future minimum payments for operating leases	Years ending December 31: 2023 $ 191 2024 764 2025 739 2026 720 2027 676 Thereafter 4,394 Total future minimum lease payments 7,484 Amounts representing interest (1,028) Present Value of Net Future Minimum Lease Payments $ 6,456

Commitments and Contingencies_2

Commitments and Contingencies and Derivatives (Tables)	9 Months Ended
Commitments and Contingencies and Derivatives (Tables)	Sep. 30, 2023
Commitments and Contingencies and Derivatives
Schedule of contract amounts represent off-balance sheet credit risk	September 30, December 31, 2023 2022 Commitments to extend credit summarized as follows: Future loan commitments $ 7,544 $ 3,815 Undisbursed construction loans 40,487 30,274 Undisbursed home equity lines of credit 10,674 9,561 Undisbursed commercial and other line of credit 63,782 77,719 Standby letters of credit 5,350 4,571 Loans sold with recourse 1,075 276 Total $ 128,912 $ 126,216
Schedule of unfunded commitments	Commercial Commercial Real Estate Residential and Industrial Indirect Consumer Totals Three months ended September 30, 2023 Allowance for credit losses: Beginning balance $ 200 $ — $ 61 $ — $ 7 $ 268 Provision for credit losses 26 — 4 — 1 31 Ending balance $ 226 $ — $ 65 $ — $ 8 $ 299 Commercial Commercial Real Estate Residential and Industrial Indirect Consumer Totals Nine months ended September 30, 2023 Allowance for credit losses: Beginning balance $ — $ — $ — $ — $ — $ — Adoption of CECL standard 149 — 65 — 7 221 Provision for credit losses 77 — — — 1 78 Ending balance $ 226 $ — $ 65 $ — $ 8 $ 299
Schedule of information regarding derivatives	September 30, December 31, 2023 2022 Notational amount $ 60,948 $ 26,541 Fair value $ 5,080 $ 3,578 Weighted average pay rates 5.03 % 3.69 % Weighted average receive rates 7.37 % 6.30 % Weighted average maturity (in years) 8.93 8.79 Number of Contracts 14 7

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
Regulatory Matters (Tables)	Sep. 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 September 30, 2023 Rhinebeck Bank Total capital (to risk-weighted assets) $ 144,261 12.47 % $ 92,543 8.00 % $ 115,679 10.00 % Tier 1 capital (to risk-weighted assets) 135,465 11.71 % 69,407 6.00 % 92,543 8.00 % Common equity tier one capital (to risk weighted assets) 135,465 11.71 % 52,055 4.50 % 75,191 6.50 % Tier 1 capital (to average assets) 135,465 9.93 % 54,559 4.00 % 68,199 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)	9 Months Ended
Fair Value (Tables)	Sep. 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) September 30, 2023 Assets: U.S. Treasury securities $ 28,566 $ 28,566 $ — $ — U.S. government agency mortgage-backed securities-residential 127,222 — 127,222 — U.S. government agency securities 22,530 — 22,530 — Municipal securities 2,799 — 2,684 115 Corporate Bonds 12,439 — 12,439 — Other 696 — 696 — Total available for sale securities 194,252 28,566 165,571 115 Loan level interest rate swaps 7,678 — 7,678 — Total assets $ 201,930 $ 28,566 $ 173,249 $ 115 Liabilities: Loan level interest rate swaps $ 7,678 $ — $ 7,678 $ — Total liabilities $ 7,678 $ — $ 7,678 $ — 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 September 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) September 30, 2023 Individually analyzed loans, with specific reserves $ 977 $ — $ — $ 977 Total $ 977 $ — $ — $ 977 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) September 30, 2023 Individually analyzed loans, with specific reserves $ 977 Appraisal of collateral (1) Liquidation expenses (3) 0% to 8% Appraisal adjustments (2) 0% to 20% December 31, 2022 Impaired loans $ 319 Appraisal of collateral (1) Liquidation expenses (3) 0% to 8% 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 percentage 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: September 30, December 31, 2023 2022 Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and cash equivalents (Level 1) $ 26,760 $ 26,760 $ 31,384 $ 31,384 Available for sale securities (Level 1) 28,566 28,566 37,857 37,857 Available for sale securities (Level 2) 165,571 165,571 185,672 185,672 Available for sale securities (Level 3) 115 115 130 130 Loan level interest rate swaps (Level 2) 7,678 7,678 4,548 4,548 FHLB stock (Level 2) 4,697 4,697 3,258 3,258 Loans, net (Level 3) 1,003,766 968,289 994,368 953,432 Accrued interest receivable (Level 2) 3,463 3,463 4,255 4,255 Mortgage servicing rights (Level 3) 2,081 4,786 2,409 5,211 Financial Liabilities: Deposits (Level 2) 1,082,300 968,426 1,129,933 1,001,455 Mortgagors' escrow accounts (Level 2) 4,797 4,797 9,732 9,723 FHLB advances (Level 2) 87,683 86,128 57,723 57,739 Subordinated debt (Level 2) 5,155 5,155 5,155 5,155 Loan level interest rate swaps (Level 2) 7,678 7,678 4,548 4,548 Accrued interest payable (Level 2) 958 958 774 774

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Sep. 30, 2023
Accumulated Other Comprehensive Loss.
Schedule of accumulated other comprehensive loss components	The activity in accumulated other comprehensive loss for the three and nine months ended September 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 June 30, 2023 $ (4,452) $ (29,010) $ (33,462) Other comprehensive gain (loss) before reclassifications 227 (2,235) (2,008) Amounts reclassified from accumulated other comprehensive gain (73) — (73) Period change 154 (2,235) (2,081) Balance at September 30, 2023 $ (4,298) $ (31,245) $ (35,543) Balance at June 30, 2022 $ (4,563) $ (19,198) $ (23,761) Other comprehensive gain (loss) before reclassifications 42 (8,842) (8,800) Amounts reclassified from accumulated other comprehensive loss 52 6 58 Period change 94 (8,836) (8,742) Balance at September 30, 2022 $ (4,469) $ (28,034) $ (32,503) 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 (80) (3,053) (3,133) Amounts reclassified from accumulated other comprehensive gain (221) — (221) Period change (301) (3,053) (3,354) Balance at September 30, 2023 $ (4,298) $ (31,245) $ (35,543) Balance at December 31, 2021 $ (3,901) $ (2,734) $ (6,635) Other comprehensive loss before reclassifications (726) (25,434) (26,160) Amounts reclassified from accumulated other comprehensive loss 158 134 292 Period change (568) (25,300) (25,868) Balance at September 30, 2022 $ (4,469) $ (28,034) $ (32,503) (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)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2023
Earnings Per Share
Schedule of earnings per share, basic and diluted	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Net income applicable to common stock $ 1,236 $ 2,107 $ 3,465 $ 6,189 Average number of common shares outstanding 11,046,118 11,201,567 11,145,659 11,189,643 Less: Average unearned ESOP shares 335,511 357,327 340,960 362,781 Average number of common shares outstanding used to calculate basic earnings per common share 10,710,607 10,844,240 10,804,699 10,826,862 Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share 30,770 49,534 34,791 57,603 Additional common stock equivalents (stock options) used to calculate diluted earnings per share 18,741 102,535 52,240 115,280 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share 10,760,118 10,996,309 10,891,730 10,999,745 Earnings per Common share: Basic $ 0.12 $ 0.19 $ 0.32 $ 0.57 Diluted $ 0.11 $ 0.19 $ 0.32 $ 0.56

Nature of Business and Signif_4

Nature of Business and Significant Accounting Policies (Details)	9 Months Ended
	Sep. 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		9 Months Ended
	Jan. 01, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Nature Of Business And Significant Accounting Policies [Line Items]
Change in Consolidated Statement of Condition		$ 1,579	$ 2,702	$ 4,423	$ 7,740
Effective income tax		343	$ 595	958	$ 1,551
Retained earnings		$ 99,456		$ 99,456		$ 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	Sep. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	$ 233,802
Gross Unrealized Gains		$ 172
Gross Unrealized Losses	(39,550)	(35,857)
Fair Value	194,252
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	30,099
Gross Unrealized Losses	(1,533)	(2,315)
Fair Value	28,566
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	160,314
Gross Unrealized Losses	(33,092)	(29,392)
Fair Value	127,222
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	24,777
Gross Unrealized Losses	(2,247)	(2,336)
Fair Value	22,530
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	3,164
Gross Unrealized Losses	(365)	(331)
Fair Value	2,799
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	(2,261)	(1,483)
Fair Value	12,439
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	748
Gross Unrealized Gains		172
Gross Unrealized Losses	(52)
Fair Value	$ 696
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	Sep. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	$ 2,406	$ 40,946
Less Than 12 Months Unrealized Losses	(345)	(4,211)
12 Months or Longer Fair Value	191,704	181,268
12 Months or Longer Unrealized Losses	(39,205)	(31,646)
Fair Value	194,110	222,214
Unrealized Losses	(39,550)	(35,857)
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
12 Months or Longer Fair Value	28,566	37,857
12 Months or Longer Unrealized Losses	(1,533)	(2,315)
Fair Value	28,566	37,857
Unrealized Losses	(1,533)	(2,315)
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value		23,384
Less Than 12 Months Unrealized Losses		(2,711)
12 Months or Longer Fair Value	127,222	121,151
12 Months or Longer Unrealized Losses	(33,092)	(26,681)
Fair Value	127,222	144,535
Unrealized Losses	(33,092)	(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	22,530	13,289
12 Months or Longer Unrealized Losses	(2,247)	(1,467)
Fair Value	22,530	22,449
Unrealized Losses	(2,247)	(2,336)
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	487	1,529
Less Than 12 Months Unrealized Losses	(43)	(4)
12 Months or Longer Fair Value	2,197	3,127
12 Months or Longer Unrealized Losses	(322)	(327)
Fair Value	2,684	4,656
Unrealized Losses	(365)	(331)
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	1,250	6,873
Less Than 12 Months Unrealized Losses	(250)	(627)
12 Months or Longer Fair Value	11,189	5,844
12 Months or Longer Unrealized Losses	(2,011)	(856)
Fair Value	12,439	12,717
Unrealized Losses	(2,261)	$ (1,483)
Other
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	669
Less Than 12 Months Unrealized Losses	(52)
Fair Value	669
Unrealized Losses	$ (52)

Investment Securities (Schedu_3

Investment Securities (Schedule of maturities of debt securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Amortized Cost
Within 1 year	$ 20,470	$ 16,923
After 1 but within 5 years	32,870	46,162
After 5 but within 10 years	19,400	21,689
Total Maturities	72,740	84,774
Mortgage-backed securities	160,314	173,926
Other	748	644
Amortized Cost	233,802
Amortized Cost		259,344
Fair Value
Within 1 year	19,949	16,512
After 1 but within 5 years	29,806	42,225
After 5 but within 10 years	16,579	19,572
Total Maturities	66,334	78,309
Mortgage-backed securities	127,222	144,534
Other	696	816
Fair Value	$ 194,252
Fair Value		$ 223,659

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) $ in Thousands	9 Months Ended
Investment Securities (Narrative) (Details) $ in Thousands	Sep. 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	234
Unrealized Losses	$ 39,550	$ 35,857
Aggregate percentage of depreciation	16.93%
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	13,151	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	$ 79,074	$ 958

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Schedule of summary loan portfolio) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	$ 1,002,567
Net deferred loan costs	9,696
Allowance for credit losses	(8,497)	$ (8,003)	$ (7,943)
Total net loans	1,003,766
Total gross loans			990,439
Net deferred loan costs			11,872
Allowance for loan losses			(7,943)	$ (8,492)	$ (8,169)	$ (7,559)
Total net loans			994,368
Indirect automobile
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	406,585
Allowance for credit losses	(4,799)	(4,968)	(3,868)
Total gross loans			457,223
Allowance for loan losses				(3,670)	(3,738)	(3,416)
Commercial real estate
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	418,016
Allowance for credit losses	(2,811)	(2,294)	(3,031)
Total gross loans			370,528
Allowance for loan losses				(3,471)	(3,440)	(3,317)
Commercial real estate \| Construction
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	28,231
Total gross loans			20,329
Commercial real estate \| Non-residential
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	305,752
Total gross loans			282,422
Commercial real estate \| Multifamily
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	84,033
Total gross loans			67,777
Residential
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	70,019
Allowance for credit losses	(241)	(179)	(103)
Total gross loans			53,720
Allowance for loan losses				(86)	(59)	(54)
Commercial and industrial
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	87,421
Allowance for credit losses	(536)	(454)	(881)
Total gross loans			87,982
Allowance for loan losses				(1,197)	(859)	(725)
Commercial and industrial \| Small Business Administration Paycheck Protection Program
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	321
Total gross loans			537
Consumer
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	20,526
Allowance for credit losses	(110)	$ (108)	(60)
Total gross loans			20,986
Allowance for loan losses				$ (68)	$ (73)	$ (47)
Consumer \| Indirect automobile
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	406,585
Total gross loans			457,223
Consumer \| Home equity
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	11,654
Total gross loans			11,507
Consumer \| Other consumer
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	$ 8,872
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	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 1,002,567
Total gross loans		$ 990,439
Non-accrual	4,828
Nonaccrual		4,424
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	983,419
Total gross loans		967,725
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	9,338
Total gross loans		17,453
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	6,153
Total gross loans		2,243
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,657
Total gross loans		3,018
Indirect automobile
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	406,585
Total gross loans		457,223
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	418,016
Total gross loans		370,528
Commercial real estate \| Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	28,231
Total gross loans		20,329
Commercial real estate \| Construction \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	28,231
Total gross loans		20,329
Commercial real estate \| Non-residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	305,752
Total gross loans		282,422
Non-accrual	2,261
Nonaccrual		1,382
Commercial real estate \| Non-residential \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	299,723
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	3,768
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	2,261
Total gross loans		1,382
Commercial real estate \| Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	84,033
Total gross loans		67,777
Commercial real estate \| Multifamily \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	83,673
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	360
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	70,019
Total gross loans		53,720
Non-accrual	1,630
Nonaccrual		1,794
Residential \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	69,157
Total gross loans		51,476
Residential \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	235
Total gross loans		1,417
Residential \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	122
Total gross loans		246
Residential \| Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	505
Total gross loans		581
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	87,421
Total gross loans		87,982
Non-accrual	158
Nonaccrual		183
Commercial and industrial \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	86,997
Total gross loans		87,742
Commercial and industrial \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	188
Total gross loans		57
Commercial and industrial \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	78
Commercial and industrial \| Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	158
Total gross loans		183
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	20,526
Total gross loans		20,986
Consumer \| Indirect automobile
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	406,585
Total gross loans		457,223
Non-accrual	567
Nonaccrual		797
Consumer \| Indirect automobile \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	395,521
Total gross loans		444,418
Consumer \| Indirect automobile \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	8,772
Total gross loans		10,714
Consumer \| Indirect automobile \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,771
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	521
Total gross loans		702
Consumer \| Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	11,654
Total gross loans		11,507
Non-accrual	175
Nonaccrual		217
Consumer \| Home equity \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	11,436
Total gross loans		11,279
Consumer \| Home equity \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	14
Total gross loans		51
Consumer \| Home equity \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	29
Total gross loans		58
Consumer \| Home equity \| Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	175
Total gross loans		119
Consumer \| Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	8,872
Total gross loans		9,479
Non-accrual	37
Nonaccrual		51
Consumer \| Other consumer \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	8,681
Total gross loans		9,208
Consumer \| Other consumer \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	129
Total gross loans		149
Consumer \| Other consumer \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	25
Total gross loans		71
Consumer \| Other consumer \| Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 37
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	Sep. 30, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	$ 3,737
Commercial real estate \| Non-residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	1,364
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	1,629
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	158
Consumer \| Indirect automobile
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	278
Consumer \| Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	273
Consumer \| Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	$ 35

Loans and Allowance for Credi_6

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_7

Loans and Allowance for Credit Losses (Narrative) (Details)	9 Months Ended	12 Months Ended
Loans and Allowance for Credit Losses (Narrative) (Details)	Sep. 30, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	$ 4,929,000	$ 4,424,000
Financing Receivable, Accrued Interest, Writeoff	42,000
Accrued interest receivable	2,925,000	3,723,000
Aggregate balances of loans serviced to participants	41,506,000	8,466,000
Amount of consumer mortgages and loans secured by residential real estate properties in process of foreclosure	415,000	625,000
Aggregate balances of loans serviced to third party	287,036,000	301,235,000
Balance of capitalized servicing rights	2,081,000	2,409,000
Mortgage Servicing Rights (MSR) Impairment (Recovery)	0	0
Financial instruments represent off-balance sheet credit risk, asset	128,912,000	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	107,000	247,000
Individually analyzed loans	1,629,000	1,794,000
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	158,000	183,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	310,000	$ 268,000
Consumer \| Home equity \| Consumer Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	$ 98,000
Financing Receivable Individually Evaluated For Impairment, Number Of Contracts \| loan	1

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses (Schedule of loan balances by segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Allowance for loan losses:
Beginning balance	$ 8,003		$ 7,943
Provision for (reversal of) credit losses	879		1,394
Loans charged-off	(1,098)		(3,319)
Recoveries	713		1,899
Ending balance	8,497		8,497
Allowance for loan losses:
Beginning balance		$ 8,169	7,943	$ 7,559
Provision for credit losses		545		1,112
Loans charged-off		(781)		(1,940)
Recoveries		559		1,761
Ending balance		8,492		8,492
Allowance for loan losses:
Loans individually analyzed	215		215
Loans collectively analyzed	8,282		8,282
Ending balance: Individually evaluated for impairment					$ 109
Ending balance: Collectively evaluated for impairment					7,834
Loan receivables:
Ending balance					990,439
Ending balance	1,002,567		1,002,567
Ending balance: Individually evaluated for impairment	4,929		4,929		4,424
Ending balance: Collectively evaluated for impairment	997,638		997,638		986,015
Indirect automobile
Allowance for loan losses:
Beginning balance	4,968		3,868
Provision for (reversal of) credit losses	341		118
Loans charged-off	(1,098)		(2,584)
Recoveries	588		1,687
Ending balance	4,799		4,799
Allowance for loan losses:
Beginning balance		3,738		3,416
Provision for credit losses		238		593
Loans charged-off		(736)		(1,790)
Recoveries		430		1,451
Ending balance		3,670		3,670
Allowance for loan losses:
Loans individually analyzed	87		87
Loans collectively analyzed	4,712		4,712
Ending balance: Individually evaluated for impairment					107
Ending balance: Collectively evaluated for impairment					3,761
Loan receivables:
Ending balance					457,223
Ending balance	406,585		406,585
Ending balance: Individually evaluated for impairment	573		573		797
Ending balance: Collectively evaluated for impairment	406,012		406,012		456,426
Adoption of CECL Standard
Allowance for loan losses:
Beginning balance			580
Adoption of CECL Standard \| Indirect automobile
Allowance for loan losses:
Beginning balance			1,710
Commercial real estate
Allowance for loan losses:
Beginning balance	2,294		3,031
Provision for (reversal of) credit losses	517		640
Ending balance	2,811		2,811
Allowance for loan losses:
Beginning balance		3,440		3,317
Provision for credit losses		(86)		37
Recoveries		117		117
Ending balance		3,471		3,471
Allowance for loan losses:
Loans individually analyzed	126		126
Loans collectively analyzed	2,685		2,685
Ending balance: Collectively evaluated for impairment					3,031
Loan receivables:
Ending balance					370,528
Ending balance	418,016		418,016
Ending balance: Individually evaluated for impairment	2,259		2,259		1,382
Ending balance: Collectively evaluated for impairment	415,757		415,757		369,146
Commercial real estate \| Adoption of CECL Standard
Allowance for loan losses:
Beginning balance			(860)
Residential
Allowance for loan losses:
Beginning balance	179		103
Provision for (reversal of) credit losses	13		32
Recoveries	49		52
Ending balance	241		241
Allowance for loan losses:
Beginning balance		59		54
Provision for credit losses		26		(79)
Loans charged-off				(44)
Recoveries		1		155
Ending balance		86		86
Allowance for loan losses:
Loans collectively analyzed	241		241
Ending balance: Collectively evaluated for impairment					103
Loan receivables:
Ending balance					53,720
Ending balance	70,019		70,019
Ending balance: Individually evaluated for impairment	1,629		1,629		1,794
Ending balance: Collectively evaluated for impairment	68,390		68,390		51,926
Residential \| Adoption of CECL Standard
Allowance for loan losses:
Beginning balance			54
Commercial and industrial
Allowance for loan losses:
Beginning balance	454		881
Provision for (reversal of) credit losses	13		639
Loans charged-off			(710)
Recoveries	69		109
Ending balance	536		536
Allowance for loan losses:
Beginning balance		859		725
Provision for credit losses		344		477
Loans charged-off		(6)		(6)
Recoveries				1
Ending balance		1,197		1,197
Allowance for loan losses:
Loans collectively analyzed	536		536
Ending balance: Collectively evaluated for impairment					881
Loan receivables:
Ending balance					87,982
Ending balance	87,421		87,421
Ending balance: Individually evaluated for impairment	158		158		183
Ending balance: Collectively evaluated for impairment	87,263		87,263		87,799
Commercial and industrial \| Adoption of CECL Standard
Allowance for loan losses:
Beginning balance			(383)
Consumer
Allowance for loan losses:
Beginning balance	108		60
Provision for (reversal of) credit losses	(5)		(35)
Loans charged-off			(25)
Recoveries	7		51
Ending balance	110		110
Allowance for loan losses:
Beginning balance		73		47
Provision for credit losses		23		84
Loans charged-off		(39)		(100)
Recoveries		11		37
Ending balance		$ 68		$ 68
Allowance for loan losses:
Loans individually analyzed	2		2
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	20,526		20,526
Ending balance: Individually evaluated for impairment	310		310		268
Ending balance: Collectively evaluated for impairment	20,216		20,216		20,718
Consumer \| Indirect automobile
Allowance for loan losses:
Loans charged-off			(2,584)
Loan receivables:
Ending balance					$ 457,223
Ending balance	$ 406,585		406,585
Consumer \| Adoption of CECL Standard
Allowance for loan losses:
Beginning balance			$ 59

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses (Schedule of provision for credit losses) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Jan. 01, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Loans and Allowance for Credit Losses
Provision for credit losses - loans		$ 879		$ 1,394
Provision for credit losses			$ 545		$ 1,112
Provision for credit losses - unfunded commitments	$ 221	31		78
Provision for credit losses		$ 910		$ 1,472

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses (Schedule of loans by risk rating and portfolio segment) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
2023	$ 160,459	$ 160,459
2022	330,697	330,697
2021	175,832	175,832
2020	77,628	77,628
2019	86,449	86,449
Prior	136,597	136,597
Revolving Loans Amortized Cost	34,905	34,905
Total gross loans	1,002,567	1,002,567
Current-period gross write-offs
2023		92
2022		1,096
2021		1,426
2020		335
2019		259
Prior		111
Total	1,098	3,319
Total gross loans			$ 990,439
Non-performing
Financing Receivable, Recorded Investment [Line Items]
2023	56	56
2022	156	156
2021	209	209
2020	64	64
2019	114	114
Prior	1,810	1,810
Total gross loans	2,409	2,409
Pass
Current-period gross write-offs
Total gross loans			972,372
Pass \| Performing
Financing Receivable, Recorded Investment [Line Items]
2023	137,074	137,074
2022	301,204	301,204
2021	153,658	153,658
2020	63,859	63,859
2019	69,386	69,386
Prior	80,215	80,215
Revolving Loans Amortized Cost	18,850	18,850
Total gross loans	824,246	824,246
Watch
Financing Receivable, Recorded Investment [Line Items]
2023	23,105	23,105
2022	29,337	29,337
2021	21,639	21,639
2020	13,698	13,698
2019	10,391	10,391
Prior	49,544	49,544
Revolving Loans Amortized Cost	16,011	16,011
Total gross loans	163,725	163,725
Special Mention
Financing Receivable, Recorded Investment [Line Items]
2023	224	224
2021	326	326
2020	7	7
2019	5,966	5,966
Prior	1,473	1,473
Total gross loans	7,996	7,996
Current-period gross write-offs
Total gross loans			11,729
Substandard
Financing Receivable, Recorded Investment [Line Items]
2019	592	592
Prior	3,555	3,555
Revolving Loans Amortized Cost	44	44
Total gross loans	4,191	4,191
Current-period gross write-offs
Total gross loans			6,338
Indirect automobile
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	406,585	406,585
Current-period gross write-offs
Total	1,098	2,584
Total gross loans			457,223
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	418,016	418,016
Current-period gross write-offs
Total gross loans			370,528
Commercial real estate \| Construction
Financing Receivable, Recorded Investment [Line Items]
2023	4,213	4,213
2022	18,256	18,256
2021	5,762	5,762
Total gross loans	28,231	28,231
Current-period gross write-offs
Total gross loans			20,329
Commercial real estate \| Construction \| Pass
Financing Receivable, Recorded Investment [Line Items]
2022	6,531	6,531
Total gross loans	6,531	6,531
Current-period gross write-offs
Total gross loans			20,329
Commercial real estate \| Construction \| Watch
Financing Receivable, Recorded Investment [Line Items]
2023	4,213	4,213
2022	11,725	11,725
2021	5,762	5,762
Total gross loans	21,700	21,700
Commercial real estate \| Non-residential
Financing Receivable, Recorded Investment [Line Items]
2023	42,144	42,144
2022	53,351	53,351
2021	35,381	35,381
2020	29,900	29,900
2019	55,355	55,355
Prior	89,621	89,621
Total gross loans	305,752	305,752
Current-period gross write-offs
Total gross loans			282,422
Commercial real estate \| Non-residential \| Pass
Financing Receivable, Recorded Investment [Line Items]
2023	25,475	25,475
2022	43,949	43,949
2021	26,855	26,855
2020	16,876	16,876
2019	40,433	40,433
Prior	47,220	47,220
Total gross loans	200,808	200,808
Current-period gross write-offs
Total gross loans			271,491
Commercial real estate \| Non-residential \| Watch
Financing Receivable, Recorded Investment [Line Items]
2023	16,669	16,669
2022	9,402	9,402
2021	8,526	8,526
2020	13,024	13,024
2019	8,515	8,515
Prior	38,255	38,255
Total gross loans	94,391	94,391
Commercial real estate \| Non-residential \| Special Mention
Financing Receivable, Recorded Investment [Line Items]
2019	5,927	5,927
Prior	1,445	1,445
Total gross loans	7,372	7,372
Current-period gross write-offs
Total gross loans			7,904
Commercial real estate \| Non-residential \| Substandard
Financing Receivable, Recorded Investment [Line Items]
2019	480	480
Prior	2,701	2,701
Total gross loans	3,181	3,181
Current-period gross write-offs
Total gross loans			3,027
Commercial real estate \| Multifamily
Financing Receivable, Recorded Investment [Line Items]
2023	1,816	1,816
2022	25,639	25,639
2021	37,621	37,621
2020	2,120	2,120
2019	2,839	2,839
Prior	13,998	13,998
Total gross loans	84,033	84,033
Current-period gross write-offs
Total gross loans			67,777
Commercial real estate \| Multifamily \| Pass
Financing Receivable, Recorded Investment [Line Items]
2023	816	816
2022	18,854	18,854
2021	30,614	30,614
2020	2,120	2,120
2019	1,555	1,555
Prior	4,396	4,396
Total gross loans	58,355	58,355
Current-period gross write-offs
Total gross loans			67,777
Commercial real estate \| Multifamily \| Watch
Financing Receivable, Recorded Investment [Line Items]
2023	1,000	1,000
2022	6,785	6,785
2021	7,007	7,007
2019	1,284	1,284
Prior	9,602	9,602
Total gross loans	25,678	25,678
Residential
Financing Receivable, Recorded Investment [Line Items]
2023	19,934	19,934
2022	26,280	26,280
2021	2,172	2,172
2020	2,745	2,745
2019	2,638	2,638
Prior	16,250	16,250
Total gross loans	70,019	70,019
Current-period gross write-offs
Total gross loans			53,720
Residential \| Performing
Financing Receivable, Recorded Investment [Line Items]
2023	19,934	19,934
2022	26,280	26,280
2021	2,172	2,172
2020	2,745	2,745
2019	2,638	2,638
Prior	14,620	14,620
Total gross loans	68,389	68,389
Residential \| Non-performing
Financing Receivable, Recorded Investment [Line Items]
Prior	1,630	1,630
Total gross loans	1,630	1,630
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	11,024	11,024
2022	28,667	28,667
2021	12,231	12,231
2020	2,352	2,352
2019	1,903	1,903
Prior	4,018	4,018
Revolving Loans Amortized Cost	27,226	27,226
Total gross loans	87,421	87,421
Current-period gross write-offs
2021		710
Total		710
Total gross loans			87,982
Commercial and industrial \| Pass
Financing Receivable, Recorded Investment [Line Items]
2023	9,577	9,577
2022	27,242	27,242
2021	11,561	11,561
2020	1,671	1,671
2019	1,160	1,160
Prior	1,449	1,449
Revolving Loans Amortized Cost	11,171	11,171
Total gross loans	63,831	63,831
Current-period gross write-offs
Total gross loans			83,680
Commercial and industrial \| Watch
Financing Receivable, Recorded Investment [Line Items]
2023	1,223	1,223
2022	1,425	1,425
2021	344	344
2020	674	674
2019	592	592
Prior	1,687	1,687
Revolving Loans Amortized Cost	16,011	16,011
Total gross loans	21,956	21,956
Commercial and industrial \| Special Mention
Financing Receivable, Recorded Investment [Line Items]
2023	224	224
2021	326	326
2020	7	7
2019	39	39
Prior	28	28
Total gross loans	624	624
Current-period gross write-offs
Total gross loans			3,825
Commercial and industrial \| Substandard
Financing Receivable, Recorded Investment [Line Items]
2019	112	112
Prior	854	854
Revolving Loans Amortized Cost	44	44
Total gross loans	1,010	1,010
Current-period gross write-offs
Total gross loans			477
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	20,526	20,526
Current-period gross write-offs
Total		25
Total gross loans			20,986
Consumer \| Indirect automobile
Financing Receivable, Recorded Investment [Line Items]
2023	78,629	78,629
2022	174,469	174,469
2021	81,623	81,623
2020	39,967	39,967
2019	23,510	23,510
Prior	8,387	8,387
Total gross loans	406,585	406,585
Current-period gross write-offs
2023		92
2022		1,083
2021		716
2020		324
2019		259
Prior		110
Total		2,584
Total gross loans			457,223
Consumer \| Indirect automobile \| Performing
Financing Receivable, Recorded Investment [Line Items]
2023	78,575	78,575
2022	174,314	174,314
2021	81,424	81,424
2020	39,927	39,927
2019	23,396	23,396
Prior	8,382	8,382
Total gross loans	406,018	406,018
Consumer \| Indirect automobile \| Non-performing
Financing Receivable, Recorded Investment [Line Items]
2023	54	54
2022	155	155
2021	199	199
2020	40	40
2019	114	114
Prior	5	5
Total gross loans	567	567
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	4,166	4,166
Revolving Loans Amortized Cost	7,454	7,454
Total gross loans	11,654	11,654
Current-period gross write-offs
Total gross loans			11,507
Consumer \| Home equity \| Performing
Financing Receivable, Recorded Investment [Line Items]
2019	34	34
Prior	3,991	3,991
Revolving Loans Amortized Cost	7,454	7,454
Total gross loans	11,479	11,479
Consumer \| Home equity \| Non-performing
Financing Receivable, Recorded Investment [Line Items]
Prior	175	175
Total gross loans	175	175
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	2,699	2,699
2022	4,035	4,035
2021	1,042	1,042
2020	544	544
2019	170	170
Prior	157	157
Revolving Loans Amortized Cost	225	225
Total gross loans	8,872	8,872
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	2,697	2,697
2022	4,034	4,034
2021	1,032	1,032
2020	520	520
2019	170	170
Prior	157	157
Revolving Loans Amortized Cost	225	225
Total gross loans	8,835	8,835
Consumer \| Other consumer \| Non-performing
Financing Receivable, Recorded Investment [Line Items]
2023	2	2
2022	1	1
2021	10	10
2020	24	24
Total gross loans	$ 37	$ 37
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) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets
Beginning balance	$ 2,235
Ending balance	2,235
Impairment loss on goodwill	$ 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		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Finite-lived Intangible Assets [Roll Forward]
Beginning balance			$ 334	$ 433	$ 433
Amortization	$ (22)	$ (24)	(67)	$ (75)	(99)
Ending balance	267		267		334
Accumulated amortization and impairment	$ 1,010		$ 1,010		$ 943

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Goodwill and Intangible Assets
Amortization of Intangible Assets	$ 22	$ 24	$ 67	$ 75	$ 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	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets
2023	$ 21
2024	79
2025	60
2026	29
2027	21
Thereafter	57
Total	$ 267	$ 334	$ 433

Deposits (Schedule of deposits)

Deposits (Schedule of deposits) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deposits
Non-interest bearing demand deposits	$ 276,881	$ 283,563
Interest bearing accounts:
NOW	138,200	156,285
Savings	154,129	176,916
Money market	210,212	296,787
Time certificates of deposit	302,878	216,382
Total interest bearing accounts	805,419	846,370
Total deposits	$ 1,082,300	$ 1,129,933

Deposits (Schedule of contractu

Deposits (Schedule of contractual maturities of time certificates of deposit) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deposits
Within 1 year	$ 292,161
1 - 2 years	6,822
2 - 3 years	1,866
3 - 4 years	521
4 - 5 years	1,508
Total	$ 302,878	$ 216,382

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deposits [Line Items]
Total reciprocal deposits	$ 31,187	$ 10,023
Interest-Bearing Domestic Deposit, Brokered	12,000	34,041
Time Deposits, Reciprocal Deposits	28,772	10,023
Money market accounts, reciprocal deposits	2,415	0
Time certificates of deposit in denominations of $250 or greater	$ 80,369	$ 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	Sep. 30, 2023 USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 87,683
Rate	4.71%
Due in one year	$ 40,000
Long term	47,683
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 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 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 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 medium-term on September 21, 2026 Member
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 1,233
Rate	5.20%
Due in one year	$ 0
Long term	1,233
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	9 Months Ended	12 Months Ended
	Sep. 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	$ 87,683	$ 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	at three month CME term Secured Overnight Financing Rate (“SOFR”)	three month LIBOR
Effective interest during period	7.64%	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	2%
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	$ 657,633	$ 667,905
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	208,911	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	Sep. 30, 2023	Dec. 31, 2022
Employee Benefits
Projected and accumulated benefit obligation	$ (17,342)	$ (17,138)
Plan assets at fair value	16,501	16,906
Funded status included in accrued expenses and other liabilities	$ (841)	$ (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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Employee Benefits
Interest cost	$ 646	$ 476
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	$ (698)	$ (755)
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	$ 280	$ 200
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	$ 228	$ (79)

Employee Benefits (Narrative) (

Employee Benefits (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
Employee Benefits (Narrative) (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) fund	Sep. 30, 2022 USD ($)	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			$ 823	$ 882
Accrued expenses and other liabilities	$ 28,832		28,832		$ 25,302
Non-interest expense	8,815	$ 9,239	27,307	27,829
Group Term Replacement Plan
Schedule Of Employee Benefits [Line Items]
Liability related to these postretirement benefits	1,619		1,619		1,580
Postemployment benefit expense			39	36
Other Director and Officer Postretirement Benefits
Schedule Of Employee Benefits [Line Items]
Non-interest expense			45	65
Liability related to these postretirement benefits	2,045		2,045		2,031
Officers \| Executive Plan
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	1,908		1,908		1,649
Non-interest expense			259	565
Directors' Plan \| Directors
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	$ 3,055		3,055		$ 2,761
Non-interest expense			$ 155	$ 172
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	Sep. 30, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 16,501	$ 16,906
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	16,501	16,906
Defined Benefit Pension Plan \| Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	11,309	11,600
Defined Benefit Pension Plan \| Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	5,192	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	16,501	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	11,309	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	$ 5,192	$ 5,306

Employee Benefits (Employee Sto

Employee Benefits (Employee Stock Ownership Plan (ESOP) Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	9 Months Ended
	Jan. 01, 2023	Jan. 16, 2019	Sep. 30, 2023	Sep. 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			16,362		21,821
Compensation expense			$ 125	$ 163
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			$ 2,253
Compensation expense			$ 126	$ 163

Employee Benefits (Schedule o_4

Employee Benefits (Schedule of employee stock ownership plan) (Details) - shares	Sep. 30, 2023	Dec. 31, 2022
Employee Benefits
Allocated	87,284	65,463
Committed to be allocated	16,362	21,821
Unallocated	332,779	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		9 Months Ended
	May 26, 2020	Sep. 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		103,479
Aggregate intrinsic value of options exercisable		$ 101
Period for Recognition		1 month 24 days
Unrecognized compensation cost related to the nonvested restricted stock awards granted		$ 2
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
Unrecognized compensation cost related to the nonvested restricted stock awards granted		$ 0
Allocated share-based compensation expense		$ 395

Employee Benefits (Summary of o

Employee Benefits (Summary of options) (Details) - 2020 EIP - Stock options - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Number of Shares
Options outstanding at beginning of year	437,930
Options Expired	(666)
Options Forfeited	(1,001)
Options outstanding at end of period	436,263	437,930
Options exercisable at end of period	431,263
Weighted - Average Exercise Price
Weighted - Average Exercise Price, beginning of year	$ 6.62
Weighted - Average Exercise Price, expired	6.57
Weighted - Average Exercise Price, forfeited	6.57
Weighted - Average Exercise Price, end of period	6.62	$ 6.62
Weighted - Average Exercise Price, exercisable	$ 6.60
Weighted-Average Contractual Term
Weighted-Average Contractual Term, outstanding	6 years 10 months 24 days	7 years 7 months 28 days
Weighted-Average Contractual Term, exercisable	6 years 10 months 20 days

Employee Benefits (Summary of C

Employee Benefits (Summary of Company's restricted stock activity) (Details) - Restricted stock	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Number of Shares
Balance at beginning of period (in shares) \| shares	56,266
Vested (in shares) \| shares	(55,598)
Forfeited (in shares) \| shares	(668)
Weighted-Average Grant Date Fair Value per Share
Balance at beginning of period (in dollars per share) \| $ / shares	$ 6.57
Vested (in dollars per share) \| $ / shares	6.57
Forfeited (in dollars per share) \| $ / shares	$ 6.57

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	9 Months Ended
Leases - Narrative (Details) $ in Thousands	Sep. 30, 2023 USD ($) item	Sep. 30, 2022 USD ($)	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 6 months		11 years 7 months 6 days
Weighted average discount rate	2.48%		2.58%
Operating lease costs	$ 537	$ 597
Deferred rent liability	77		$ 105
Operating lease right-of-use asset	$ 6,456		$ 6,896
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets.		Other Assets.
Operating lease liability	$ 6,456		$ 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	Sep. 30, 2023	Dec. 31, 2022
Leases
2023	$ 191
2024	764
2025	739
2026	720
2027	676
Thereafter	4,394
Total future minimum lease payments	7,484
Amounts representing interest	(1,028)
Present value of net future minimum lease payments	$ 6,456	$ 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	9 Months Ended
	Jan. 01, 2023	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		$ 128,912	$ 128,912	$ 126,216
Provision for credit losses - unfunded commitments	$ 221	31	78
Future loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		7,544	7,544	3,815
Construction
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		40,487	40,487	30,274
Home equity
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset		10,674	10,674	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		63,782	63,782	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		5,350	5,350	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	9 Months Ended
	Jan. 01, 2023	Sep. 30, 2023	Sep. 30, 2023
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		$ 268
Provision for credit losses	$ 221	31	$ 78
Ending balance		299	299
Commercial real estate
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		200
Provision for credit losses		26	77
Ending balance		226	226
Commercial and industrial
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		61
Provision for credit losses		4
Ending balance		65	65
Consumer
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		7
Provision for credit losses		1	1
Ending balance		8	8
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	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) item contract	Dec. 31, 2022 USD ($) contract
Derivative [Line Items]
Accrued interest receivable	$ 3,463	$ 4,255
Interest rate swap
Derivative [Line Items]
Notional amount	60,948	26,541
Fair value	$ 5,080	$ 3,578
Weighted average pay rates	5.03%	3.69%
Weighted average receive rates	7.37%	6.30%
Weighted average maturity (in years)	8 years 11 months 4 days	8 years 9 months 14 days
Number of Contracts \| contract	14	7
Interest rate swap \| Other assets
Derivative [Line Items]
Accrued interest receivable	$ 122	$ 56
Interest rate swap \| Other liabilities
Derivative [Line Items]
Accrued interest payable	122	$ 56
Five interest rate swap contracts effective in 2023 and 2024
Derivative [Line Items]
Notional amount	35,326
Fair value	$ 2,598
Weighted average pay rates	4.97%
Number of Contracts \| item	5

Regulatory Matters (Schedule of

Regulatory Matters (Schedule of actual capital amounts and ratios) (Details) - Rhinebeck Bank $ in Thousands	Sep. 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	$ 144,261	$ 139,257
Total capital (to risk-weighted assets) Actual Ratio	0.1247	0.1225
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 92,543	$ 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	$ 115,679	$ 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	$ 135,465	$ 131,314
Tier 1 capital (to risk-weighted assets) Actual Ratio	0.1171	0.1155
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 69,407	$ 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	$ 92,543	$ 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	$ 135,465	$ 131,314
Common equity tier one capital (to risk weighted assets) Actual Ratio	0.1171	0.1155
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Amount	$ 52,055	$ 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	$ 75,191	$ 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	$ 135,465	$ 131,314
Tier 1 capital (to average assets) Actual Ratio	0.0993	0.0975
Tier 1 capital (to average assets) For Capital Adequacy Purposes Amount	$ 54,559	$ 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	$ 68,199	$ 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	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 201,930	$ 228,207
Total liabilities	7,678	4,548
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	28,566	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	127,222	144,534
U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	22,530	22,449
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,799	4,786
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12,439	13,217
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	696	816
Unrealized gains (losses) on available for sale securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	194,252	223,659
Loan level interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	7,678	4,548
Total liabilities	7,678	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	28,566	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	28,566	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	28,566	37,857
Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	173,249	190,220
Total liabilities	7,678	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	127,222	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	22,530	22,449
Significant Observable Inputs (Level 2) \| Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,684	4,656
Significant Observable Inputs (Level 2) \| Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12,439	13,217
Significant Observable Inputs (Level 2) \| Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	696	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	165,571	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	7,678	4,548
Total liabilities	7,678	4,548
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	115	130
Significant Unobservable Inputs (Level 3) \| Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	115	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	$ 115	$ 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	Sep. 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	$ 977	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	977	319
Impaired loans, recorded investments	1,192	428
Related Allowance	215	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	977	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	$ 977	$ 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	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value	$ 977	$ 319
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value	$ 977	$ 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	$ 977	$ 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)	0.08	0.08
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	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Quoted Prices Active Markets for Identical Assets (Level 1) \| Carrying Value
Financial Assets:
Cash and cash equivalents	$ 26,760	$ 31,384
Available for sale securities	28,566	37,857
Quoted Prices Active Markets for Identical Assets (Level 1) \| Fair Value
Financial Assets:
Cash and cash equivalents	26,760	31,384
Available for sale securities	28,566	37,857
Significant Observable Inputs (Level 2) \| Carrying Value
Financial Assets:
Available for sale securities	165,571	185,672
Loan level interest rate swaps	7,678	4,548
FHLB stock	4,697	3,258
Accrued interest receivable	3,463	4,255
Financial Liabilities:
Deposits	1,082,300	1,129,933
Mortgagors escrow accounts	4,797	9,732
FHLB advances	87,683	57,723
Subordinated debt	5,155	5,155
Loan level interest rate swaps	7,678	4,548
Accrued interest payable	958	774
Significant Observable Inputs (Level 2) \| Fair Value
Financial Assets:
Available for sale securities	165,571	185,672
Loan level interest rate swaps	7,678	4,548
FHLB stock	4,697	3,258
Accrued interest receivable	3,463	4,255
Financial Liabilities:
Deposits	968,426	1,001,455
Mortgagors escrow accounts	4,797	9,723
FHLB advances	86,128	57,739
Subordinated debt	5,155	5,155
Loan level interest rate swaps	7,678	4,548
Accrued interest payable	958	774
Significant Unobservable Inputs (Level 3) \| Carrying Value
Financial Assets:
Available for sale securities	115	130
Loans, net	1,003,766	994,368
Mortgage servicing rights	2,081	2,409
Significant Unobservable Inputs (Level 3) \| Fair Value
Financial Assets:
Available for sale securities	115	130
Loans, net	968,289	953,432
Mortgage servicing rights	$ 4,786	$ 5,211

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of accumulated other comprehensive loss activity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 107,463	$ 113,341	$ 108,132	$ 125,969
Balance	$ 106,672	$ 106,802	$ 106,672	$ 106,802
Income tax rate	21%	21%	21%	21%
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (33,462)	$ (23,761)	$ (32,189)	$ (6,635)
Other comprehensive gain (loss) before reclassifications	(2,008)	(8,800)	(3,133)	(26,160)
Amounts reclassified from accumulated other comprehensive loss	(73)	58	(221)	292
Period change	(2,081)	(8,742)	(3,354)	(25,868)
Balance	(35,543)	(32,503)	(35,543)	(32,503)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(4,452)	(4,563)	(3,997)	(3,901)
Other comprehensive gain (loss) before reclassifications	227	42	(80)	(726)
Amounts reclassified from accumulated other comprehensive loss	(73)	52	(221)	158
Period change	154	94	(301)	(568)
Balance	(4,298)	(4,469)	(4,298)	(4,469)
Unrealized (losses) gains on available for sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(29,010)	(19,198)	(28,192)	(2,734)
Other comprehensive gain (loss) before reclassifications	(2,235)	(8,842)	(3,053)	(25,434)
Amounts reclassified from accumulated other comprehensive loss		6		134
Period change	(2,235)	(8,836)	(3,053)	(25,300)
Balance	$ (31,245)	$ (28,034)	$ (31,245)	$ (28,034)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stock	$ 1,236	$ 1,431	$ 798	$ 2,107	$ 2,029	$ 2,053	$ 3,465	$ 6,189
Average number of common shares outstanding	11,046,118			11,201,567			11,145,659	11,189,643
Less: Average unearned ESOP shares	335,511			357,327			340,960	362,781
Average number of common shares outstanding used to calculate basic earnings per common share	10,710,607			10,844,240			10,804,699	10,826,862
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share	10,760,118			10,996,309			10,891,730	10,999,745
Earnings per Common share:
Basic (in dollars per share)	$ 0.12			$ 0.19			$ 0.32	$ 0.57
Diluted (in dollars per share)	$ 0.11			$ 0.19			$ 0.32	$ 0.56
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	30,770			49,534			34,791	57,603
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	18,741			102,535			52,240	115,280
Earnings per Common share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	15,000			0			15,000	0
Average weighted price (in dollars per share)	$ 7.90						$ 7.90