Rhinebeck Bancorp (RBKB) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 13,825	$ 14,178
Federal funds sold	15,298	7,524
Interest bearing depository accounts	1,549	427
Total cash and cash equivalents	30,672	22,129
Available for sale securities (at fair value)	182,645	191,985
Loans receivable (net of allowance for credit losses of $7,973 and $8,124, respectively)	993,346	1,008,851
Federal Home Loan Bank stock	5,614	6,514
Accrued interest receivable	4,611	4,616
Cash surrender value of life insurance	30,215	30,031
Deferred tax assets (net of valuation allowance of $593 and $598, respectively)	10,070	9,936
Premises and equipment, net	14,592	17,567
Other real estate owned		25
Goodwill	2,235	2,235
Intangible assets, net	225	246
Other assets	24,559	19,067
Total assets	1,298,784	1,313,202
Deposits
Non-interest bearing	236,957	249,793
Interest bearing	800,067	780,710
Total deposits	1,037,024	1,030,503
Mortgagors' escrow accounts	7,301	9,274
Advances from the Federal Home Loan Bank	108,064	128,064
Subordinated debt	5,155	5,155
Accrued expenses and other liabilities	26,968	26,521
Total liabilities	1,184,512	1,199,517
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)	111	111
Additional paid-in capital	45,951	45,959
Unearned common stock held by the employee stock ownership plan	(3,219)	(3,273)
Retained earnings	101,507	100,386
Accumulated other comprehensive loss:
Net unrealized loss on available for sale securities, net of taxes	(26,657)	(26,077)
Defined benefit pension plan, net of taxes	(3,421)	(3,421)
Total accumulated other comprehensive loss	(30,078)	(29,498)
Total stockholders' equity	114,272	113,685
Total liabilities and stockholders' equity	$ 1,298,784	$ 1,313,202

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Consolidated Statements of Financial Condition
Allowance for credit losses	$ 7,973	$ 8,124
Deferred tax valuation allowance	$ 593	$ 598
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	11,072,607
Common stock, shares outstanding	11,072,607	11,072,607

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and Dividend Income
Interest and fees on loans	$ 14,381	$ 13,395
Interest and dividends on securities	1,037	1,018
Other income	217	189
Total interest and dividend income	15,635	14,602
Interest Expense
Interest expense on deposits	5,134	3,970
Interest expense on borrowings	1,605	768
Total interest expense	6,739	4,738
Net interest income	8,896	9,864
Provision for credit losses	83	1,014
Net interest income after provision for credit losses	8,813	8,850
Non-interest Income
Service charges on deposit accounts	743	708
Net gain on sales of loans	46	10
Increase in cash surrender value of life insurance	184	160
Net gain from sale of other real estate owned	4
(Loss) gain on disposal of premises and equipment	(18)	17
Investment advisory income	381	309
Other	166	172
Total non-interest income	1,506	1,376
Non-interest Expense
Salaries and employee benefits	4,992	5,240
Occupancy	1,053	1,079
Data processing	495	472
Professional fees	414	366
Marketing	121	104
FDIC deposit insurance and other insurance	253	282
Amortization of intangible assets	21	24
Other	1,528	1,636
Total non-interest expense	8,877	9,203
Income before income taxes	1,442	1,023
Provision for income taxes	321	225
Net income	$ 1,121	$ 798
Earnings per common share:
Basic (in dollars per share)	$ 0.10	$ 0.07
Diluted (in dollars per share)	$ 0.10	$ 0.07
Weighted average shares outstanding, basic (in shares)	10,748,006	10,881,885
Weighted average shares outstanding, diluted (in shares)	10,844,287	11,021,395

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements of Comprehensive Income
Net Income	$ 1,121	$ 798
Other Comprehensive Income
Net unrealized (losses) gains on available for sale securities	(734)	2,811
Tax effect	154	(590)
Unrealized (losses) gains on available for sale securities, net of tax	(580)	2,221
Other comprehensive (loss) income:	(580)	2,221
Total Comprehensive Income	$ 541	$ 3,019

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, 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, 2023		111		45,959		(3,273)			100,386		(29,498)			113,685
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income									1,121					1,121
Other comprehensive income (loss)											(580)			(580)
ESOP shares committed to be allocated				(8)		54								46
Balance at Mar. 31, 2024		$ 111		$ 45,951		$ (3,219)			$ 101,507		$ (30,078)			$ 114,272

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net income	$ 1,121	$ 798
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion of premiums and discounts on investments, net	61	72
Net realized gain on sale of other real estate owned	(4)
Provision for credit losses	83	1,014
Loans originated for sale	(1,957)	(1,510)
Proceeds from sale of loans	2,017	1,079
Net gain on sale of loans	(46)	(10)
Amortization of intangible assets	21	24
Depreciation and amortization	344	358
Net loss (gain) from disposal of premises and equipment	18	(17)
Deferred income tax expense (benefit)	20	(338)
Increase in cash surrender value of insurance	(184)	(160)
Net increase in accrued interest receivable	5	1,256
Expense of earned ESOP shares	46	49
Share-based compensation expense		150
Net increase in other assets	(5,492)	(1,227)
Net increase in accrued expenses and other liabilities	447	1,568
Net cash (used in) provided by operating activities	(3,500)	3,106
Cash Flows from Investing Activities
Proceeds from maturities and principal repayments of securities	8,545	4,226
Net purchases of FHLB Stock	900	(2,192)
Net decrease (increase) in loans	15,408	(11,601)
Purchases of bank premises and equipment	(244)	(63)
Proceeds from disposal of premises and equipment	2,857	27
Net increase of other real estate owned	29
Net cash provided by (used in) investing activities	27,495	(9,603)
Cash Flows from Financing Activities
Net decrease in demand deposits, NOW, money market and savings accounts	(8,403)	(104,127)
Net increase in time deposits	14,924	67,718
Net decrease in mortgagors' escrow accounts	(1,973)	(1,062)
Net (decrease) increase in short-term debt	(20,000)	28,727
Net increase in long-term debt		20,000
Net cash (used in) provided by financing activities	(15,452)	11,256
Net increase in cash and cash equivalents	8,543	4,759
Cash and Cash Equivalents
Beginning balance	22,129	31,384
Ending balance	30,672	36,143
Supplemental Disclosures of Cash Flow Information
Interest	6,547	4,465
Income taxes	$ 108	$ 106

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
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 thirteen 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 months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 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, 2023 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 (“ACL”), 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 may be reclassified as required to conform to the current year’s presentation. These reclassifications have no effect on our previously reported net income or shareholders’ equity. Impact of Recent Accounting Pronouncements In October 2023, the FASB issued ASU 2023-06, which amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. In annual periods, this requires disclosure of an entity’s accounting policy related to the entity’s presentation of cash flows associated with derivative instruments and the related gains and losses in the statement of cash flows. This also requires disclosure of the methods used in the diluted earnings-per-share computation for each dilutive security and clarifies that certain disclosures should be made during interim periods. The effective dates of ASU 2023-06 will be the date on which the SEC’s removal of that related disclosure requirement from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company is evaluating the impact of this ASU but does not expect it to have a material impact on the Company’s consolidated financial statements. ​ In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which requires public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. Under ASU 2023-07, public entities must disclose significant expense categories and amounts for each reportable segment, where significant expense categories are defined as those that are regularly reported to an entity’s chief operating decision-maker and included in a segment’s reported measures of profit or loss. Additionally, public entities must disclose the amount of other segment items and a description of its composition. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023. As the Company has only one reportable segment, ASU 2023-07 does not have an impact on the Company’s consolidated financial statements. ​ In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740), Improvements to Income Tax Disclosures.” ​ 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. The Company expects to lose its emerging growth company status on December 31, 2024.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2024
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ Amortized Cost Gains Losses Fair Value U.S. Treasury securities ​ $ 20,048 ​ $ — ​ $ (905) ​ $ 19,143 U.S. government agency mortgage-backed securities–residential ​ ​ 152,958 ​ ​ — ​ ​ (28,824) ​ ​ 124,134 U.S. government agency securities ​ 24,772 ​ — ​ (1,676) ​ 23,096 Municipal securities (1) ​ 3,161 ​ — ​ (279) ​ 2,882 Corporate bonds ​ 14,700 ​ — ​ (1,966) ​ 12,734 Other ​ 750 ​ — ​ (94) ​ 656 Total ​ $ 216,389 ​ $ — ​ $ (33,744) ​ $ 182,645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ Amortized Cost Gains Losses Fair Value U.S. Treasury securities ​ $ 25,072 ​ $ — ​ $ (1,066) ​ $ 24,006 U.S. government agency mortgage-backed securities–residential ​ ​ 156,523 ​ ​ — ​ ​ (27,943) ​ ​ 128,580 U.S. government agency securities ​ ​ 24,774 ​ — ​ (1,616) ​ 23,158 Municipal securities (1) ​ 3,163 ​ — ​ (260) ​ 2,903 Corporate bonds ​ ​ 14,700 ​ — ​ (2,060) ​ 12,640 Other ​ ​ 763 ​ — ​ (65) ​ 698 Total ​ $ 224,995 ​ $ — ​ $ (33,010) ​ $ 191,985 (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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ 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 ​ $ — ​ $ — ​ $ 19,143 ​ $ (905) ​ $ 19,143 ​ $ (905) U.S. government agency mortgage-backed securities-residential ​ ​ — ​ ​ — ​ ​ 124,101 ​ ​ (28,824) ​ ​ 124,101 ​ ​ (28,824) U.S. government agency securities ​ ​ — ​ ​ — ​ ​ 23,095 ​ ​ (1,676) ​ ​ 23,095 ​ ​ (1,676) Municipal securities ​ ​ — ​ ​ — ​ ​ 2,766 ​ ​ (279) ​ ​ 2,766 ​ ​ (279) Corporate bonds ​ ​ — ​ ​ — ​ ​ 12,734 ​ ​ (1,966) ​ ​ 12,734 ​ ​ (1,966) Other ​ ​ 629 ​ ​ (94) ​ ​ — ​ ​ — ​ ​ 629 ​ ​ (94) Total ​ $ 629 ​ $ (94) ​ $ 181,839 ​ $ (33,650) ​ $ 182,468 ​ $ (33,744) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ — ​ $ — ​ $ 24,006 ​ $ (1,066) ​ $ 24,006 ​ $ (1,066) U.S. government agency mortgage-backed securities-residential ​ ​ — ​ ​ — ​ ​ 128,580 ​ ​ (27,943) ​ ​ 128,580 ​ ​ (27,943) U.S. government agency securities ​ ​ — ​ ​ — ​ ​ 23,158 ​ ​ (1,616) ​ ​ 23,158 ​ ​ (1,616) Municipal securities ​ ​ 512 ​ ​ (18) ​ ​ 2,276 ​ ​ (242) ​ ​ 2,788 ​ ​ (260) Corporate bonds ​ ​ — ​ ​ — ​ ​ 12,640 ​ ​ (2,060) ​ ​ 12,640 ​ ​ (2,060) Other ​ ​ 672 ​ ​ (65) ​ ​ — ​ ​ — ​ ​ 672 ​ ​ (65) Total ​ $ 1,184 ​ $ (83) ​ $ 190,660 ​ $ (32,927) ​ $ 191,844 ​ $ (33,010) ​ At March 31, 2024, the Company had 231 individual available-for-sale securities in an unrealized loss position with unrealized losses totaling $33,744 with an aggregate depreciation of 15.61% from the Company’s amortized cost. ​ 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 March 31, 2024. 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 March 31, 2024 and December 31, 2023, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ Amortized Cost Fair Value Amortized Cost Fair Value Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Within 1 year ​ $ 11,442 ​ $ 11,285 ​ $ 15,449 ​ $ 15,170 After 1 but within 5 years ​ 31,839 ​ 29,553 ​ 32,860 ​ 30,569 After 5 but within 10 years ​ 19,400 ​ 17,017 ​ 19,400 ​ 16,968 After 10 years ​ — ​ — ​ — ​ — Total Maturities ​ 62,681 ​ 57,855 ​ 67,709 ​ 62,707 Mortgage-backed securities ​ 152,958 ​ 124,134 ​ 156,523 ​ 128,580 Other ​ 750 ​ 656 ​ 763 ​ 698 Total ​ $ 216,389 ​ $ 182,645 ​ $ 224,995 ​ $ 191,985 ​ At March 31, 2024 and December 31, 2023, available for sale securities with a carrying value of $12,634 and $13,130, respectively, were pledged to secure Federal Home Loan Bank of New York (“FHLB”) borrowings. In addition, at March 31, 2024 and December 31, 2023, $69,180 and $75,769 of available for sale securities were pledged to secure borrowings at the Federal Reserve Bank of New York (“FRB”), respectively. During the three months ended March 31, 2024, there were no sales of available for sale securities and no realized gains or losses The Company elected not to measure an allowance for credit losses for accrued interest receivable, because a timely write-off policy exists. A security is placed on non-accrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on non-accrual is reversed against interest income. There were no securities on non-accrual status and therefore there was no accrued interest related to securities reversed against interest income for the periods ended March 31, 2024 and December 31, 2023. Total accrued interest receivable on available for sale securities totaled $578 and $602 at March 31, 2024 and December 31, 2023, respectively, and was reported in accrued interest receivable on the consolidated statements of financial condition.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2024
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	3. Loans and Allowance for Credit Losses A summary of the Company’s loan portfolio is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 ​ Commercial real estate loans: ​ ​ Construction ​ $ 20,438 ​ $ 20,208 ​ Non-residential ​ 329,241 ​ 324,493 ​ Multi-family ​ 87,881 ​ 83,376 ​ Residential real estate loans ​ 78,846 ​ 77,259 ​ Commercial and industrial loans (1) ​ 91,291 ​ 88,927 ​ Consumer loans: ​ ​ ​ Indirect automobile ​ 367,011 ​ 394,245 ​ Home equity ​ 11,494 ​ 11,990 ​ Other consumer ​ 7,641 ​ 8,095 ​ Total gross loans ​ 993,843 ​ 1,008,593 ​ Dealer reserves ​ 7,476 ​ 8,382 ​ Allowance for credit losses ​ (7,973) ​ (8,124) ​ Total net loans ​ $ 993,346 ​ $ 1,008,851 ​ (1) Includes $226 and $272 in U.S. Small Business Administration (“SBA”), paycheck protection program (“PPP”) loans at March 31, 2024 and December 31, 2023, respectively. At March 31, 2024 and December 31, 2023, the unpaid principal balances of loans held for sale included in the residential real estate category above were $893 and $908, respectively. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 20,438 ​ $ — ​ $ — ​ $ — ​ $ 20,438 ​ $ — Non-residential ​ ​ 324,593 ​ ​ 2,035 ​ ​ — ​ ​ 2,613 ​ ​ 329,241 ​ ​ 2,613 Multifamily ​ ​ 87,881 ​ ​ — ​ ​ — ​ ​ — ​ ​ 87,881 ​ ​ — Residential real estate ​ 76,577 ​ 1,039 ​ 1,154 ​ 76 ​ 78,846 ​ 1,143 Commercial and industrial ​ 90,658 ​ 318 ​ 128 ​ 187 ​ 91,291 ​ 187 Consumer: ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ 356,740 ​ 8,265 ​ ​ 1,570 ​ 436 ​ 367,011 ​ 476 Home equity ​ 11,295 ​ 14 ​ ​ 46 ​ 139 ​ 11,494 ​ 139 Other consumer ​ 7,366 ​ 233 ​ 40 ​ 2 ​ 7,641 ​ 2 Total ​ $ 975,548 ​ $ 11,904 ​ $ 2,938 ​ $ 3,453 ​ $ 993,843 ​ $ 4,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 20,208 ​ $ — ​ $ — ​ $ — ​ $ 20,208 ​ $ — Non-residential ​ ​ 319,467 ​ ​ 1,276 ​ ​ 2,129 ​ ​ 1,621 ​ ​ 324,493 ​ ​ 1,621 Multifamily ​ ​ 83,376 ​ ​ — ​ ​ — ​ ​ — ​ ​ 83,376 ​ ​ — Residential real estate ​ 75,998 ​ 888 ​ 37 ​ 336 ​ 77,259 ​ 1,624 Commercial and industrial ​ 88,646 ​ 17 ​ 83 ​ 181 ​ 88,927 ​ 181 Consumer: ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ 382,042 ​ 10,155 ​ ​ 1,478 ​ 570 ​ 394,245 ​ 631 Home equity ​ 11,843 ​ — ​ ​ 48 ​ 99 ​ 11,990 ​ 99 Other consumer ​ 7,844 ​ 202 ​ 24 ​ 25 ​ 8,095 ​ 25 Total ​ $ 989,424 ​ $ 12,538 ​ $ 3,799 ​ $ 2,832 ​ $ 1,008,593 ​ $ 4,181 ​ All of our non-accrual loans are individually analyzed for credit loss. The Company has one individually analyzed home equity loan of $98 that was accruing interest at March 31, 2024. The following table presents the Company’s amortized cost basis of non-accrual loans for which there is no related ACL: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 Commercial real estate: ​ ​ ​ Non-residential $ ​ 1,375 ​ $ ​ 1,152 Residential real estate ​ ​ 1,143 ​ ​ ​ 1,624 Commercial and industrial ​ ​ 172 ​ ​ ​ 150 Consumer: ​ ​ ​ ​ ​ Indirect automobile ​ ​ 150 ​ ​ ​ 160 Home equity ​ ​ 139 ​ ​ ​ 99 Other consumer ​ ​ 2 ​ ​ ​ 25 Total $ ​ 2,981 ​ $ ​ 3,210 ​ The following table presents the Company’s amortized cost basis of only those non-accrual loans with a related ACL: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ ​ Non-accrual loans Related ACL Non-accrual loans Related ACL Commercial real estate: ​ ​ ​ ​ Non-residential ​ $ 1,238 ​ $ 290 ​ $ 469 ​ $ 16 Commercial and industrial ​ ​ 15 ​ ​ 1 ​ ​ 31 ​ ​ 32 Consumer: ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ 326 ​ ​ 99 ​ ​ 471 ​ ​ 167 Total ​ $ 1,579 ​ $ 390 ​ $ 971 ​ $ 215 ​ ​ For the three months ended March 31, 2024, $56 in accrued interest was reversed during the period for non-accrual loans. Total accrued interest receivable associated with loans totaled $4,033 and $4,014, at March 31, 2024 and December 31, 2023, respectively, and was reported in accrued interest receivable on the consolidated statements of financial condition. ​ 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 March 31, 2024 and December 31, 2023, the Company was servicing loans for participants aggregating $48,318 and $44,418, respectively. Residential mortgage and consumer loans secured by residential real estate properties for which formal foreclosure proceedings are in process totaled $99 and $152 at March 31, 2024 and December 31, 2023, respectively, and are all individually analyzed for credit loss. The Company services certain loans that it has sold to third parties. The aggregate balances of loans serviced for others were $279,235 and $282,269 as of March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, the maximum contingent liability associated with loans sold with recourse was $1,155 and $1,873, 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 March 31, 2024 and December 31, 2023 were $1,880 and $1,977, respectively. Fair value exceeds carrying value, and thus, no impairment charges related to servicing rights were recognized during the three-month period ended March 31, 2024 or the year ended December 31, 2023. Activity in the Company’s ACL for loans for the three months ended March 31, 2024 is summarized in the table below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial Indirect Consumer Totals ​ ​ Three months ended March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 2,716 ​ $ 346 ​ $ 606 ​ $ 4,348 ​ $ 108 ​ $ 8,124 Provision for (reversal of) credit losses ​ ​ 323 ​ ​ 9 ​ ​ (7) ​ ​ (238) ​ ​ 12 ​ ​ 99 Loans charged-off ​ ​ — ​ ​ — ​ ​ (34) ​ ​ (895) ​ ​ (32) ​ ​ (961) Recoveries ​ — ​ — ​ 1 ​ 699 ​ 11 ​ 711 Ending balance ​ $ 3,039 ​ $ 355 ​ $ 566 ​ $ 3,914 ​ $ 99 ​ $ 7,973 Ending balance: ​ ​ ​ ​ ​ ​ Loans individually analyzed ​ $ 291 ​ $ — ​ $ — ​ $ 99 ​ $ — ​ $ 390 Loans collectively analyzed ​ $ 2,748 ​ $ 355 ​ $ 566 ​ $ 3,815 ​ $ 99 ​ $ 7,583 Loan receivables: ​ ​ ​ ​ ​ ​ Ending balance ​ $ 437,560 ​ $ 78,846 ​ $ 91,291 ​ $ 367,011 ​ $ 19,135 ​ $ 993,843 Ending balance: ​ ​ ​ ​ ​ ​ ​ Loans individually analyzed ​ $ 2,613 ​ $ 1,143 ​ $ 187 ​ $ 476 ​ $ 239 ​ $ 4,658 Loans collectively analyzed ​ $ 434,947 ​ $ 77,703 ​ $ 91,104 ​ $ 366,535 ​ $ 18,896 ​ $ 989,185 ​ ​ Activity in the Company’s allowance for credit losses for the three months ended March 31, 2023 and December 31, 2023 is summarized in the tables below. The adoption of ASC 326 row presents adjustments recorded on January 1, 2023 through retained earnings. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial ​ Indirect ​ Consumer Totals ​ ​ Three months ended March 31, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,031 ​ $ 103 ​ $ 881 ​ $ 3,868 ​ $ 60 ​ $ 7,943 Adoption of ASC 326 ​ ​ (860) ​ ​ 54 ​ ​ (383) ​ ​ 1,710 ​ ​ 59 ​ ​ 580 Provision for credit losses ​ ​ 170 ​ ​ 13 ​ ​ 703 ​ ​ 104 ​ ​ 4 ​ ​ 994 Loans charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ (989) ​ ​ (22) ​ ​ (1,011) Recoveries ​ — ​ — ​ — ​ 585 ​ 12 ​ 597 Ending balance ​ $ 2,341 ​ $ 170 ​ $ 1,201 ​ $ 5,278 ​ $ 113 ​ $ 9,103 ​ The Company has also recorded an ACL for unfunded commitments, which was recorded in other liabilities. The provision for unfunded commitments is recorded within the provision for credit losses on the Company’s income statement. Activity in the Company’s ACL for unfunded commitments for the three months ended March 31, 2024 is summarized in the tables below. The adoption of ASC 326 row presents adjustments recorded on January 1, 2023 through retained earnings. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Three months ended March 31, 2024 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 172 ​ $ — ​ $ 72 ​ $ — ​ $ 13 ​ $ 257 Reversal of credit losses ​ ​ (14) ​ ​ — ​ ​ (1) ​ ​ — ​ ​ (1) ​ ​ (16) Ending balance ​ $ 158 ​ $ — ​ $ 71 ​ $ — ​ $ 12 ​ $ 241 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Three months ended March 31, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Adoption of ASC 326 ​ ​ 149 ​ ​ — ​ ​ 65 ​ ​ — ​ ​ 7 ​ ​ 221 Provision for credit losses ​ ​ 19 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 20 Ending balance ​ $ 158 ​ $ — ​ $ 71 ​ $ — ​ $ 12 ​ $ 241 ​ The following table summarizes the provision for credit losses for the three months ended March 31, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended March 31, ​ 2024 2023 Provision for credit losses - loans ​ $ 99 ​ $ 994 (Reversal of) provision for credit losses - unfunded commitments ​ ​ (16) ​ ​ 20 Provision for credit losses ​ $ 83 ​ $ 1,014 ​ 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) based on rating category, as well as gross write-offs for the three months ended March 31, 2024, and by fiscal year of origination as of March 31, 2024. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ Loans by Origination Year ​ Loans ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Amortized Cost ​ Total Commercial construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Watch ​ ​ 641 ​ ​ 15,399 ​ ​ 4,398 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 20,438 Total commercial construction ​ ​ 641 ​ ​ 15,399 ​ ​ 4,398 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 20,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial non-residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,021 ​ $ 34,387 ​ $ 52,760 ​ $ 26,360 ​ $ 16,493 ​ $ 87,069 ​ $ - ​ $ 219,090 Watch ​ ​ 2,776 ​ ​ 16,542 ​ ​ 16,259 ​ ​ 7,470 ​ ​ 11,645 ​ ​ 37,747 ​ ​ - ​ ​ 92,439 Special mention ​ ​ - ​ ​ - ​ ​ - ​ ​ 896 ​ ​ 360 ​ ​ 6,084 ​ ​ - ​ ​ 7,340 Substandard ​ ​ - ​ ​ - ​ ​ 2,895 ​ ​ 1,386 ​ ​ 460 ​ ​ 5,631 ​ ​ - ​ ​ 10,372 Total commercial non-residential ​ ​ 4,797 ​ ​ 50,929 ​ ​ 71,914 ​ ​ 36,112 ​ ​ 28,958 ​ ​ 136,531 ​ ​ - ​ ​ 329,241 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ - ​ $ 804 ​ $ 18,681 ​ $ 30,175 ​ $ 2,084 ​ $ 5,832 ​ $ - ​ $ 57,576 Watch ​ ​ - ​ ​ 1,000 ​ ​ 6,732 ​ ​ 11,895 ​ ​ - ​ ​ 10,331 ​ ​ - ​ ​ 29,958 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 347 ​ ​ ​ ​ ​ 347 Total multifamily ​ ​ - ​ ​ 1,804 ​ ​ 25,413 ​ ​ 42,070 ​ ​ 2,084 ​ ​ 16,510 ​ ​ - ​ ​ 87,881 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 3,034 ​ $ 28,170 ​ $ 25,068 ​ $ 2,122 ​ $ 2,708 ​ $ 16,601 ​ $ - ​ $ 77,703 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 1,143 ​ ​ - ​ ​ 1,143 Total residential ​ ​ 3,034 ​ ​ 28,170 ​ ​ 25,068 ​ ​ 2,122 ​ ​ 2,708 ​ ​ 17,744 ​ ​ - ​ ​ 78,846 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,382 ​ $ 12,044 ​ $ 25,244 ​ $ 10,193 ​ $ 1,241 ​ $ 1,940 ​ $ 10,446 ​ $ 63,490 Watch ​ ​ 676 ​ ​ 2,005 ​ ​ 3,129 ​ ​ 296 ​ ​ 470 ​ ​ 1,591 ​ ​ 16,483 ​ ​ 24,650 Special mention ​ ​ - ​ ​ 224 ​ ​ - ​ ​ 275 ​ ​ 108 ​ ​ 24 ​ ​ - ​ ​ 631 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 869 ​ ​ 1,651 ​ ​ 2,520 Total commercial and industrial ​ ​ 3,058 ​ ​ 14,273 ​ ​ 28,373 ​ ​ 10,764 ​ ​ 1,819 ​ ​ 4,424 ​ ​ 28,580 ​ ​ 91,291 Current-period gross write-offs ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 32 ​ ​ 2 ​ ​ 34 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 15,025 ​ $ 93,746 ​ $ 145,617 ​ $ 64,530 ​ $ 28,830 ​ $ 18,787 ​ $ - ​ $ 366,535 Non-performing ​ ​ - ​ ​ 50 ​ ​ 161 ​ ​ 182 ​ ​ 53 ​ ​ 30 ​ ​ - ​ ​ 476 Total indirect automobile ​ ​ 15,025 ​ ​ 93,796 ​ ​ 145,778 ​ ​ 64,712 ​ ​ 28,883 ​ ​ 18,817 ​ ​ - ​ ​ 367,011 Current-period gross write-offs ​ ​ - ​ ​ 153 ​ ​ 414 ​ ​ 210 ​ ​ 61 ​ ​ 57 ​ ​ - ​ ​ 895 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 4,155 ​ $ 7,200 ​ $ 11,355 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 99 ​ ​ 40 ​ ​ 139 Total home equity ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 4,254 ​ ​ 7,240 ​ ​ 11,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 694 ​ $ 2,507 ​ $ 3,057 ​ $ 729 ​ $ 308 ​ $ 116 ​ $ 228 ​ $ 7,639 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ 2 ​ ​ - ​ ​ - ​ ​ - ​ ​ 2 Total other consumer ​ ​ 694 ​ ​ 2,507 ​ ​ 3,057 ​ ​ 731 ​ ​ 308 ​ ​ 116 ​ ​ 228 ​ ​ 7,641 Current-period gross write-offs ​ ​ - ​ ​ 4 ​ ​ - ​ ​ 3 ​ ​ 24 ​ ​ - ​ ​ 1 ​ ​ 32 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass/performing ​ $ 23,156 ​ $ 171,658 ​ $ 270,427 ​ $ 134,109 ​ $ 51,664 ​ $ 134,500 ​ $ 17,874 ​ $ 803,388 Watch ​ ​ 4,093 ​ ​ 34,946 ​ ​ 30,518 ​ ​ 19,661 ​ ​ 12,115 ​ ​ 49,669 ​ ​ 16,483 ​ ​ 167,485 Special mention ​ ​ 0 ​ ​ 224 ​ ​ 0 ​ ​ 1,171 ​ ​ 468 ​ ​ 6,108 ​ ​ - ​ ​ 7,971 Substandard ​ ​ - ​ ​ - ​ ​ 2,895 ​ ​ 1,386 ​ ​ 460 ​ ​ 6,500 ​ ​ 1,651 ​ ​ 12,892 Non-performing ​ ​ - ​ ​ 50 ​ ​ 161 ​ ​ 184 ​ ​ 53 ​ ​ 1,272 ​ ​ 40 ​ ​ 1,760 Total Loans ​ $ 27,249 ​ $ 206,878 ​ $ 304,001 ​ $ 156,511 ​ $ 64,760 ​ $ 198,396 ​ $ 36,048 ​ $ 993,843 Total Current-period gross write-offs ​ $ 0 ​ $ 157 ​ $ 414 ​ $ 213 ​ $ 85 ​ $ 89 ​ $ 3 ​ $ 961 ​ ​ The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process) based on rating category, as well as gross write-offs for the year ended December 31, 2023, and by fiscal year of origination as of December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ Loans by Origination Year ​ Loans ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Amortized Cost ​ Total Commercial construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ - ​ $ 8,227 ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 8,227 Watch ​ ​ 9,328 ​ ​ 2,653 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 11,981 Total commercial construction ​ ​ 9,328 ​ ​ 10,880 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 20,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial non-residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 34,508 ​ $ 43,534 ​ $ 26,600 ​ $ 16,673 ​ $ 39,943 ​ $ 44,412 ​ $ - ​ $ 205,670 Watch ​ ​ 16,575 ​ ​ 19,235 ​ ​ 14,854 ​ ​ 12,747 ​ ​ 7,573 ​ ​ 38,004 ​ ​ - ​ ​ 108,988 Special mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 5,884 ​ ​ 963 ​ ​ - ​ ​ 6,847 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 465 ​ ​ 2,523 ​ ​ - ​ ​ 2,988 Total commercial non-residential ​ ​ 51,083 ​ ​ 62,769 ​ ​ 41,454 ​ ​ 29,420 ​ ​ 53,865 ​ ​ 85,902 ​ ​ - ​ ​ 324,493 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 807 ​ $ 18,765 ​ $ 30,374 ​ $ 2,100 ​ $ 1,540 ​ $ 4,348 ​ $ - ​ $ 57,934 Watch ​ ​ 1,000 ​ ​ 6,754 ​ ​ 6,925 ​ ​ - ​ ​ 1,265 ​ ​ 9,498 ​ ​ - ​ ​ 25,442 Total multifamily ​ ​ 1,807 ​ ​ 25,519 ​ ​ 37,299 ​ ​ 2,100 ​ ​ 2,805 ​ ​ 13,846 ​ ​ - ​ ​ 83,376 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 28,670 ​ $ 25,260 ​ $ 2,150 ​ $ 2,732 ​ $ 2,626 ​ $ 14,197 ​ $ - ​ $ 75,635 Non-performing ​ ​ - ​ ​ 257 ​ ​ - ​ ​ - ​ ​ - ​ ​ 1,367 ​ ​ - ​ ​ 1,624 Total residential ​ ​ 28,670 ​ ​ 25,517 ​ ​ 2,150 ​ ​ 2,732 ​ ​ 2,626 ​ ​ 15,564 ​ ​ - ​ ​ 77,259 Current-period gross write-offs ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 12,637 ​ $ 26,070 ​ $ 10,804 ​ $ 1,474 ​ $ 962 ​ $ 1,254 ​ $ 11,662 ​ $ 64,863 Watch ​ ​ 2,082 ​ ​ 3,227 ​ ​ 321 ​ ​ 620 ​ ​ 482 ​ ​ 1,603 ​ ​ 14,204 ​ ​ 22,539 Special mention ​ ​ 224 ​ ​ - ​ ​ 301 ​ ​ - ​ ​ 33 ​ ​ - ​ ​ - ​ ​ 558 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 83 ​ ​ 841 ​ ​ 43 ​ ​ 967 Total commercial and industrial ​ ​ 14,943 ​ ​ 29,297 ​ ​ 11,426 ​ ​ 2,094 ​ ​ 1,560 ​ ​ 3,698 ​ ​ 25,909 ​ ​ 88,927 Current-period gross write-offs ​ ​ - ​ ​ - ​ ​ 710 ​ ​ - ​ ​ - ​ ​ 126 ​ ​ - ​ ​ 836 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 101,230 ​ $ 160,439 ​ $ 72,941 ​ $ 34,196 ​ $ 19,035 ​ $ 5,773 ​ $ - ​ $ 393,614 Non-performing ​ ​ 31 ​ ​ 259 ​ ​ 196 ​ ​ 69 ​ ​ 63 ​ ​ 13 ​ ​ - ​ ​ 631 Total indirect automobile ​ ​ 101,261 ​ ​ 160,698 ​ ​ 73,137 ​ ​ 34,265 ​ ​ 19,098 ​ ​ 5,786 ​ ​ - ​ ​ 394,245 Current-period gross write-offs ​ ​ 198 ​ ​ 1,492 ​ ​ 1,034 ​ ​ 418 ​ ​ 309 ​ ​ 126 ​ ​ - ​ ​ 3,577 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 34 ​ $ 4,064 ​ $ 7,793 ​ $ 11,891 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 99 ​ ​ - ​ ​ 99 Total home equity ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 34 ​ ​ 4,163 ​ ​ 7,793 ​ ​ 11,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 2,928 ​ $ 3,477 ​ $ 856 ​ $ 411 ​ $ 138 ​ $ 22 ​ $ 238 ​ $ 8,070 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ 24 ​ ​ - ​ ​ - ​ ​ 1 ​ ​ 25 Total other consumer ​ ​ 2,928 ​ ​ 3,477 ​ ​ 856 ​ ​ 435 ​ ​ 138 ​ ​ 22 ​ ​ 239 ​ ​ 8,095 Current-period gross write-offs ​ ​ 8 ​ ​ 30 ​ ​ 10 ​ ​ 11 ​ ​ - ​ ​ 3 ​ ​ - ​ ​ 62 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass/performing ​ $ 180,780 ​ $ 285,772 ​ $ 143,725 ​ $ 57,586 ​ $ 64,278 ​ $ 74,070 ​ $ 19,693 ​ $ 825,904 Watch ​ ​ 28,985 ​ ​ 31,869 ​ ​ 22,100 ​ ​ 13,367 ​ ​ 9,320 ​ ​ 49,105 ​ ​ 14,204 ​ ​ 168,950 Special mention ​ ​ 224 ​ ​ - ​ ​ 301 ​ ​ 0 ​ ​ 5,917 ​ ​ 963 ​ ​ - ​ ​ 7,405 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 548 ​ ​ 3,364 ​ ​ 43 ​ ​ 3,955 Non-performing ​ ​ 31 ​ ​ 516 ​ ​ 196 ​ ​ 93 ​ ​ 63 ​ ​ 1,479 ​ ​ 1 ​ ​ 2,379 Total Loans ​ $ 210,020 ​ $ 318,157 ​ $ 166,322 ​ $ 71,046 ​ $ 80,126 ​ $ 128,981 ​ $ 33,941 ​ $ 1,008,593 Total Current-period gross write-offs ​ $ 206 ​ $ 1,522 ​ $ 1,754 ​ $ 429 ​ $ 309 ​ $ 255 ​ $ - ​ $ 4,475 ​

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets
Goodwill and Intangible Assets	4. Goodwill and Intangible Assets The Company evaluates goodwill annually in the fourth quarter of the fiscal year or more often if events occur or circumstances change that indicate an impairment may exist. Management has determined that no write-down was required for the first three months of 2024 or 2023. The changes in the carrying value of the customer list and core deposit intangibles are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2024 2023 Beginning balance ​ $ 246 ​ $ 334 Amortization ​ (21) ​ (24) ​ ​ ​ Ending balance ​ $ 225 ​ $ 310 Accumulated amortization and impairment ​ $ 1,052 ​ $ 967 ​ Core deposit intangibles represent the estimated fair value of acquired customer deposit relationships on the date of acquisition and are amortized over their estimated useful lives. Purchased customer accounts primarily consist of records and files that contain information about investment holdings. The values assigned to customer lists and core deposit intangibles are based upon the application of the income approach. The intangibles are expected to have useful lives of approximately 13 years. The Company recognized $21 and $24 of amortization expense related to its intangible assets for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, the future amortization expense for amortizable intangible assets for the years ended December 31, was as follows: ​ ​ ​ ​ ​ 2024 $ 58 2025 ​ 60 2026 ​ 29 2027 ​ 21 2028 ​ 16 Thereafter ​ ​ 41 Total ​ $ 225 ​

Deposits

Deposits	3 Months Ended
	Mar. 31, 2024
Deposits
Deposits	5. Deposits Deposits balances are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2024 2023 Non-interest bearing demand deposits ​ $ 236,957 ​ $ 249,793 Interest bearing accounts: ​ ​ NOW (1) ​ 126,058 ​ 125,628 Savings ​ 144,932 ​ 146,172 Money market ​ 196,107 ​ 190,864 Time certificates of deposit ​ 332,970 ​ 318,046 Total interest bearing accounts ​ 800,067 ​ 780,710 Total deposits ​ $ 1,037,024 ​ $ 1,030,503 (1) Negotiable order of withdrawal ​ The Company has established a relationship to participate in a reciprocal deposit program with other financial institutions. The reciprocal deposit program provides access to Federal Deposit Insurance Corporation (“FDIC”) insurance deposit products in aggregate amounts exceeding the current limits for depositors. At March 31, 2024 and December 31, 2023, total reciprocal deposits were $43,488 and $40,009. Included in time certificates of deposit at March 31, 2024 and December 31, 2023 were reciprocal deposits totaling $27,580 and $23,357, respectively, with original maturities of one ​ The Company had no brokered deposits at either March 31, 2024 or December 31, 2023. Time certificates of deposit in denominations of $250 or greater were $100,385 and $100,063 as of March 31, 2024 and December 31, 2023, respectively. Contractual maturities of time certificates of deposit at March 31, 2024 are summarized below: ​ ​ ​ ​ ​ ​ ​ March 31, ​ 2024 Within 1 year ​ $ 324,632 1 – 2 years ​ 5,115 2 – 3 years ​ 1,561 3 – 4 years ​ 428 4 – 5 years ​ 1,234 Total ​ $ 332,970 ​

Long-Term Debt and FHLB Stock

Long-Term Debt and FHLB Stock	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023, the Bank had access to a preapproved secured line of credit with the FHLB of $649,283 and $656,516, respectively. Borrowings under this line require collateralization through the pledge of specific loans and securities. At March 31, 2024 and December 31, 2023, the Bank had pledged assets of $227,899 and $228,172, respectively. The Company had no outstanding overnight line of credit balances with the FHLB at either March 31, 2024 or December 31, 2023. These borrowings would mature the following business day. ​ The outstanding principal amounts and the related terms and rates at March 31, 2024 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Principal Maturity Rate ​ Due in one year Long term Fixed short-term ​ $ 10,000 ​ April 23, 2024 ​ 5.70 % ​ $ 10,000 ​ $ — Fixed short-term ​ ​ 10,000 ​ May 17, 2024 ​ 5.59 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ June 17, 2024 ​ 5.60 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ July 17, 2024 ​ 5.59 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ August 6, 2024 ​ 5.42 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ September 6, 2024 ​ 5.39 % ​ ​ 10,000 ​ ​ — 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 ​ ​ 381 ​ November 9, 2026 ​ 5.04 % ​ ​ — ​ ​ 381 Fixed medium-term ​ ​ 20,000 ​ May 2, 2028 ​ 3.88 % ​ ​ — ​ ​ 20,000 Total ​ $ 108,064 ​ Weighted Average Rate 4.99 % ​ $ 60,000 ​ $ 48,064 ​ The Bank is required to maintain an investment in FHLB capital stock, 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 March 31, 2024 or December 31, 2023. 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 the three month term Secured Overnight Financing Rate (“SOFR”) plus 2% and a relative spread adjustment of 0.26% was 7.58% and 7.64% at March 31, 2024 and December 31, 2023, respectively. 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 March 31, 2024 or December 31, 2023. ​ 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 March 31, 2024 or December 31, 2023.

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2024
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 ​ Projected and accumulated benefit obligation ​ $ (17,986) ​ $ (17,868) ​ Plan assets at fair value ​ 18,139 ​ 18,062 ​ Funded status included in accrued expenses and other liabilities ​ $ 153 ​ $ 194 ​ ​ The net periodic pension cost and amounts recognized in other expense are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended March 31, ​ 2024 2023 Interest cost ​ $ 213 ​ $ 215 Expected return on plan assets ​ (249) ​ (232) Amortization of unrecognized loss ​ 74 ​ 93 Net periodic cost ​ $ 38 ​ $ 76 ​ 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 March 31, 2024, 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 contribute to the plan in the first three months of 2024 or 2023. The fair value of the Company’s pension plan assets, by fair value hierarchy, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in separate accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed income ​ $ 12,686 ​ $ — ​ $ — ​ $ 12,686 Equity ​ 5,453 ​ — ​ — ​ 5,453 Total assets at fair value ​ $ 18,139 ​ $ — ​ $ — ​ $ 18,139 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in separate accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed income ​ $ 12,293 ​ $ — ​ $ — ​ $ 12,293 Equity ​ 5,769 ​ — ​ — ​ 5,769 Total assets at fair value ​ $ 18,062 ​ $ — ​ $ — ​ $ 18,062 ​ 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 9 of the Company’s Consolidated Financial Statements for the year ended December 31, 2023 included in the 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 $269 and $286 for the three months ended March 31, 2024 and 2023, 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 March 31, 2024 and December 31, 2023, total amounts due to participants of $3,483 and $3,278, respectively, were included in accrued expenses and other liabilities. Total expenses related to the Directors’ Plan were $63 and $51 for the three months ended March 31, 2024 and 2023, 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 $1,655 and $1,642 at March 31, 2024 and December 31, 2023, respectively. The Company recognized expenses of $13 for both of the three-month periods ended March 31, 2024 and March 31, 2023, 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 $2,072 and $2,068 at March 31, 2024 and December 31, 2023, respectively. The Company recognized expenses of $14 and $16 for the three months ended March 31, 2024 and 2023, 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 (8.50% at January 1, 2024). 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 March 31, 2024 was $3,612. 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: ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 Allocated ​ 109,107 87,286 Committed to be allocated ​ 5,454 21,821 Unallocated ​ 321,864 327,318 Paid out to participants ​ (10,988) ​ (10,988) Total shares ​ 425,437 425,437 ​ The fair value of unallocated shares was $2,720 at March 31, 2024. Total compensation expense recognized in connection with the ESOP for the three months ended March 31, 2024 and 2023 was $46 and $49, 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. 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 vested annually over a three-year period from the date of the grant and the term of each option is ten years. As of March 31, 2024, there were 105,146 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 March 31, 2024 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted - ​ Weighted-Average ​ ​ Number of ​ Average ​ Remaining Contractual ​ ​ Shares ​ Exercise Price ​ Term (in Years) Options outstanding at beginning of year ​ 436,263 ​ $ 6.62 ​ 6.64 Expired ​ (1,333) ​ ​ 6.57 ​ - Options outstanding at March 31, 2024 ​ 434,930 ​ $ 6.62 ​ 6.50 Options exercisable at March 31, 2024 ​ 434,930 ​ $ 6.62 ​ 6.50 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At March 31, 2024, 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 $806 . 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 issued had all option holders exercised their options on March 31, 2024. As of March 31, 2024, all of the outstanding stock options and restricted stock awards granted under the 2020 EIP had vested, therefore there were no compensation costs for the three months ended March 31, 2024. For the three months ended March 31, 2023, share-based compensation of options and restricted stock under the plan totaled $150. .

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases
Leases	8. Leases As of March 31, 2024, 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 10.6 years and 10.8 years as of March 31, 2024 and December 31, 2023, 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 each lease commencement date. The Company utilized a weighted average discount rate of 2.60% in determining the lease liability as of both March 31, 2024 and December 31, 2023. For the three months ended March 31, 2024 and 2023, total operating lease costs were $182 and $178, respectively, and were included in occupancy and other expense. The right-of-use asset, included in other assets, was $6,157 and $6,307 and the corresponding lease liability, included in accrued expenses and other liabilities, was $6,218 and $6,375 as of March 31, 2024 and December 31, 2023, respectively. ​ Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2024 were as follows: ​ ​ ​ ​ ​ Years ending December 31: ​ ​ 2024 ​ $ 573 2025 ​ 739 2026 ​ 720 2027 ​ 676 2028 ​ 677 Thereafter ​ 3,778 Total future minimum lease payments ​ ​ 7,163 Amounts representing interest ​ ​ (945) Present Value of Net Future Minimum Lease Payments ​ $ 6,218 ​

Commitments and Contingencies a

Commitments and Contingencies and Derivatives	3 Months Ended
	Mar. 31, 2024
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. Financial instruments whose contract amounts represent off-balance sheet credit risk are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 ​ Commitments to extend credit summarized as follows: ​ ​ ​ ​ ​ ​ ​ Future loan commitments ​ $ 3,401 ​ $ 5,318 ​ Undisbursed construction loans ​ 40,747 ​ 42,482 ​ Undisbursed home equity lines of credit ​ 10,788 ​ 10,727 ​ Undisbursed commercial and other line of credit ​ 70,957 ​ 69,258 ​ Standby letters of credit ​ 3,115 ​ 4,965 ​ Loans sold with recourse ​ 1,155 ​ 1,873 ​ Total ​ $ 130,163 ​ $ 134,623 ​ ​ 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. ​ ​ ​ 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 the 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 ​ 2023 ​ Notational amount ​ $ 88,780 ​ ​ $ 65,420 ​ Fair value ​ $ 5,735 ​ ​ $ 5,343 ​ Weighted average pay rates ​ ​ 5.03 % ​ ​ 5.064 % Weighted average receive rates ​ ​ 7.44 % ​ ​ 7.49 % Weighted average maturity (in years) ​ ​ 9.04 ​ ​ ​ 8.88 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Contracts ​ ​ 16 ​ ​ ​ 14 ​ ​ In addition, as of March 31, 2024, the Company has four forward rate swaps with a notional value of $30,560 and a fair value of $856 with effective dates at various points in 2024 and 2025. These forward swaps have a fixed weighted average pay rate of 5.75% and the related weighted average adjustable receive rates will be determined at the time the forward swaps become effective. As of December 31, 2023, there were five forward swaps with a notional value of $30,211, a fair value of $970 and a fixed average pay rate of 4.95%.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2024
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 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 additional Tier I capital (as defined in 12 C.F.R. § 324.20) to risk-weighted assets and of Tier I capital to average assets. Management believes, as of March 31, 2024 and December 31, 2023, that the Bank met all capital adequacy requirements to which they are subject. The most recent notification from the 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 ​ ​ March 31, 2024 Rhinebeck Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 145,962 12.99 % $ 89,892 8.00 % $ 112,366 10.00 % Tier 1 capital (to risk-weighted assets) ​ 137,749 12.26 % 67,419 6.00 % 89,892 8.00 % Common equity tier one capital (to risk weighted assets) ​ 137,749 12.26 % 50,564 4.50 % 73,038 6.50 % Tier 1 capital (to average assets) ​ 137,749 10.28 % 53,582 4.00 % 66,977 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Rhinebeck Bank ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 144,675 12.70 % $ 91,154 8.00 % $ 113,942 10.00 % Tier 1 capital (to risk-weighted assets) ​ 136,295 11.96 % 68,365 6.00 % 91,154 8.00 % Common equity tier one capital (to risk weighted assets) ​ 136,295 11.96 % 51,274 4.50 % 74,062 6.50 % Tier 1 capital (to average assets) ​ 136,295 10.10 % 53,990 4.00 % 67,488 5.00 % ​

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2024
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) ​ ​ March 31, 2024 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 19,143 ​ $ 19,143 ​ $ — ​ $ — U.S. government agency mortgage-backed securities-residential ​ ​ 124,134 ​ ​ — ​ ​ 124,134 ​ ​ — U.S. government agency securities ​ 23,096 ​ — ​ 23,096 ​ — Municipal securities ​ 2,882 ​ — ​ 2,767 ​ 115 Corporate Bonds ​ ​ 12,734 ​ ​ — ​ ​ 12,734 ​ ​ — Other ​ 656 ​ — ​ 656 ​ — Total available for sale securities ​ ​ 182,645 ​ ​ 19,143 ​ ​ 163,387 ​ ​ 115 Loan level interest rate swaps ​ ​ 6,591 ​ ​ — ​ ​ 6,591 ​ ​ — Total assets ​ $ 189,236 ​ $ 19,143 ​ $ 169,978 ​ $ 115 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan level interest rate swaps ​ $ 6,591 ​ $ — ​ $ 6,591 ​ $ — Total liabilities ​ $ 6,591 ​ $ — ​ $ 6,591 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 24,006 ​ $ 24,006 ​ $ — ​ $ — U.S. government agency mortgage-backed securities – residential ​ ​ 128,580 ​ ​ — ​ ​ 128,580 ​ ​ — U.S. government agency securities ​ 23,158 ​ — ​ 23,158 ​ — Municipal securities ​ 2,903 ​ — ​ 2,788 ​ 115 Corporate Bonds ​ ​ 12,640 ​ ​ — ​ ​ 12,640 ​ ​ — Other ​ 698 ​ — ​ 698 ​ — Total available for sale securities ​ ​ 191,985 ​ ​ 24,006 ​ ​ 167,864 ​ ​ 115 Loan level interest rate swaps ​ ​ 6,278 ​ ​ — ​ ​ 6,278 ​ ​ — Total assets ​ $ 198,263 ​ $ 24,006 ​ $ 174,142 ​ $ 115 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan level interest rate swaps ​ $ 6,278 ​ $ — ​ $ 6,278 ​ $ — Total liabilities ​ $ 6,278 ​ $ — ​ $ 6,278 ​ $ — ​ The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of March 31, 2024 and December 31, 2023, 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) ​ ​ March 31, 2024 Individually analyzed loans, with specific reserves ​ $ 1,189 ​ $ — ​ $ — ​ $ 1,189 Total ​ $ 1,189 ​ $ — ​ $ — ​ $ 1,189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Individually analyzed loans, with specific reserves ​ $ 758 ​ $ — ​ $ — ​ $ 758 Other real estate owned ​ 25 ​ — ​ — ​ 25 Total ​ $ 783 ​ $ — ​ $ — ​ $ 783 ​ Loans that were individually analyzed using the fair value of the collateral had recorded investments of $1,579 and $973 with valuation allowances of $390 and $215 and fair values of $1,189 and $758 at March 31, 2024 and December 31, 2023, 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) ​ ​ March 31, 2024 Individually analyzed loans, with specific reserves ​ $ 1,189 Appraisal of collateral (1) Liquidation expenses (3) 0% to 8% ​ ​ ​ ​ ​ ​ ​ Appraisal adjustments (2) 0% to 20% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Individually analyzed loans, with specific reserves ​ $ 758 Appraisal of collateral (1) Liquidation expenses (3) 0% to 8% ​ ​ ​ ​ ​ ​ ​ Appraisal adjustments (2) 0% to 20% Other real estate owned ​ 25 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% ​ ​ Appraisal adjustments (2) 0% to 20% (1) Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraised value. (3) Estimated costs to sell. The estimated fair value amounts for 2024 and 2023 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 ​ 2023 ​ Carrying Value Fair Value Carrying Value Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents (Level 1) ​ $ 30,672 ​ $ 30,672 ​ $ 22,129 ​ $ 22,129 Available for sale securities (Level 1) ​ 19,143 ​ 19,143 ​ 24,006 ​ 24,006 Available for sale securities (Level 2) ​ 163,387 ​ 163,387 ​ 167,864 ​ 167,864 Available for sale securities (Level 3) ​ 115 ​ 115 ​ 115 ​ 115 Loan level interest rate swaps (Level 2) ​ ​ 6,591 ​ ​ 6,591 ​ ​ 6,278 ​ ​ 6,278 FHLB stock (Level 2) ​ 5,614 ​ 5,614 ​ 6,514 ​ 6,514 Loans, net (Level 3) ​ 993,346 ​ 972,258 ​ 1,008,851 ​ 979,037 Accrued interest receivable (Level 2) ​ 4,611 ​ 4,611 ​ 4,616 ​ 4,616 Mortgage servicing rights (Level 3) ​ 1,880 ​ 4,520 ​ 1,977 ​ 4,720 Financial Liabilities: ​ ​ ​ ​ Deposits (Level 2) ​ 1,037,024 ​ 962,985 ​ 1,030,503 ​ 948,140 Mortgagors' escrow accounts (Level 2) ​ 7,301 ​ 7,301 ​ 9,274 ​ 9,274 FHLB advances (Level 2) ​ 108,064 ​ 107,057 ​ 128,064 ​ 127,592 Subordinated debt (Level 2) ​ 5,155 ​ 5,155 ​ 5,155 ​ 5,155 Loan level interest rate swaps (Level 2) ​ ​ 6,591 ​ ​ 6,591 ​ ​ 6,278 ​ ​ 6,278 Accrued interest payable (Level 2) ​ ​ 1,681 ​ ​ 1,681 ​ ​ 1,488 ​ ​ 1,488 ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Loss.
Accumulated Other Comprehensive Loss	​ 12. Accumulated Other Comprehensive Loss The components of other comprehensive loss at March 31, 2024 and December 31, 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 Securities available for sale: ​ ​ ​ ​ ​ ​ Net unrealized loss on securities available for sale ​ $ (33,744) ​ $ (33,009) Related deferred tax ​ 7,087 ​ 6,932 Net accumulated other comprehensive loss ​ (26,657) ​ (26,077) Defined benefit pension plan: ​ ​ Unrecognized net actuarial loss and prior service cost ​ (4,330) ​ (4,330) Related deferred tax ​ 909 ​ 909 Net accumulated other comprehensive loss ​ (3,421) ​ (3,421) Total accumulated other comprehensive loss ​ $ (30,078) ​ $ (29,498) (1) Related deferred tax is calculated using an income tax rate of 21.0%. ​ ​ ​

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
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. There were no anti-dilutive options for the three months ended March 31, 2024 or 2023. Unearned ESOP shares are not deemed outstanding for earnings per share calculations. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2024 ​ 2023 Net income applicable to common stock ​ $ 1,121 ​ $ 798 ​ ​ ​ Average number of common shares outstanding ​ 11,072,607 ​ 11,228,299 Less: Average unearned ESOP shares ​ 324,601 ​ 346,414 Average number of common shares outstanding used to calculate basic earnings per common share ​ 10,748,006 ​ 10,881,885 Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share ​ ​ — ​ ​ 34,822 Additional common stock equivalents (stock options) used to calculate diluted earnings per share ​ ​ 96,281 ​ ​ 104,688 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share ​ ​ 10,844,287 ​ ​ 11,021,395 ​ ​ ​ Earnings per Common share: ​ ​ Basic ​ $ 0.10 ​ $ 0.07 Diluted ​ $ 0.10 ​ $ 0.07 ​

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
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 (“ACL”), 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 may be reclassified as required to conform to the current year’s presentation. These reclassifications have no effect on our previously reported net income or shareholders’ equity.
Impact of Recent Accounting Pronouncements	Impact of Recent Accounting Pronouncements In October 2023, the FASB issued ASU 2023-06, which amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. In annual periods, this requires disclosure of an entity’s accounting policy related to the entity’s presentation of cash flows associated with derivative instruments and the related gains and losses in the statement of cash flows. This also requires disclosure of the methods used in the diluted earnings-per-share computation for each dilutive security and clarifies that certain disclosures should be made during interim periods. The effective dates of ASU 2023-06 will be the date on which the SEC’s removal of that related disclosure requirement from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company is evaluating the impact of this ASU but does not expect it to have a material impact on the Company’s consolidated financial statements. ​ In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which requires public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. Under ASU 2023-07, public entities must disclose significant expense categories and amounts for each reportable segment, where significant expense categories are defined as those that are regularly reported to an entity’s chief operating decision-maker and included in a segment’s reported measures of profit or loss. Additionally, public entities must disclose the amount of other segment items and a description of its composition. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023. As the Company has only one reportable segment, ASU 2023-07 does not have an impact on the Company’s consolidated financial statements. ​ In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740), Improvements to Income Tax Disclosures.”
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. The Company expects to lose its emerging growth company status on December 31, 2024.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2024
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ Amortized Cost Gains Losses Fair Value U.S. Treasury securities ​ $ 20,048 ​ $ — ​ $ (905) ​ $ 19,143 U.S. government agency mortgage-backed securities–residential ​ ​ 152,958 ​ ​ — ​ ​ (28,824) ​ ​ 124,134 U.S. government agency securities ​ 24,772 ​ — ​ (1,676) ​ 23,096 Municipal securities (1) ​ 3,161 ​ — ​ (279) ​ 2,882 Corporate bonds ​ 14,700 ​ — ​ (1,966) ​ 12,734 Other ​ 750 ​ — ​ (94) ​ 656 Total ​ $ 216,389 ​ $ — ​ $ (33,744) ​ $ 182,645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ Amortized Cost Gains Losses Fair Value U.S. Treasury securities ​ $ 25,072 ​ $ — ​ $ (1,066) ​ $ 24,006 U.S. government agency mortgage-backed securities–residential ​ ​ 156,523 ​ ​ — ​ ​ (27,943) ​ ​ 128,580 U.S. government agency securities ​ ​ 24,774 ​ — ​ (1,616) ​ 23,158 Municipal securities (1) ​ 3,163 ​ — ​ (260) ​ 2,903 Corporate bonds ​ ​ 14,700 ​ — ​ (2,060) ​ 12,640 Other ​ ​ 763 ​ — ​ (65) ​ 698 Total ​ $ 224,995 ​ $ — ​ $ (33,010) ​ $ 191,985 (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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ 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 ​ $ — ​ $ — ​ $ 19,143 ​ $ (905) ​ $ 19,143 ​ $ (905) U.S. government agency mortgage-backed securities-residential ​ ​ — ​ ​ — ​ ​ 124,101 ​ ​ (28,824) ​ ​ 124,101 ​ ​ (28,824) U.S. government agency securities ​ ​ — ​ ​ — ​ ​ 23,095 ​ ​ (1,676) ​ ​ 23,095 ​ ​ (1,676) Municipal securities ​ ​ — ​ ​ — ​ ​ 2,766 ​ ​ (279) ​ ​ 2,766 ​ ​ (279) Corporate bonds ​ ​ — ​ ​ — ​ ​ 12,734 ​ ​ (1,966) ​ ​ 12,734 ​ ​ (1,966) Other ​ ​ 629 ​ ​ (94) ​ ​ — ​ ​ — ​ ​ 629 ​ ​ (94) Total ​ $ 629 ​ $ (94) ​ $ 181,839 ​ $ (33,650) ​ $ 182,468 ​ $ (33,744) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ — ​ $ — ​ $ 24,006 ​ $ (1,066) ​ $ 24,006 ​ $ (1,066) U.S. government agency mortgage-backed securities-residential ​ ​ — ​ ​ — ​ ​ 128,580 ​ ​ (27,943) ​ ​ 128,580 ​ ​ (27,943) U.S. government agency securities ​ ​ — ​ ​ — ​ ​ 23,158 ​ ​ (1,616) ​ ​ 23,158 ​ ​ (1,616) Municipal securities ​ ​ 512 ​ ​ (18) ​ ​ 2,276 ​ ​ (242) ​ ​ 2,788 ​ ​ (260) Corporate bonds ​ ​ — ​ ​ — ​ ​ 12,640 ​ ​ (2,060) ​ ​ 12,640 ​ ​ (2,060) Other ​ ​ 672 ​ ​ (65) ​ ​ — ​ ​ — ​ ​ 672 ​ ​ (65) Total ​ $ 1,184 ​ $ (83) ​ $ 190,660 ​ $ (32,927) ​ $ 191,844 ​ $ (33,010)
Schedule of maturities of debt securities	The amortized cost and fair value of available for sale debt securities at March 31, 2024 and December 31, 2023, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ Amortized Cost Fair Value Amortized Cost Fair Value Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Within 1 year ​ $ 11,442 ​ $ 11,285 ​ $ 15,449 ​ $ 15,170 After 1 but within 5 years ​ 31,839 ​ 29,553 ​ 32,860 ​ 30,569 After 5 but within 10 years ​ 19,400 ​ 17,017 ​ 19,400 ​ 16,968 After 10 years ​ — ​ — ​ — ​ — Total Maturities ​ 62,681 ​ 57,855 ​ 67,709 ​ 62,707 Mortgage-backed securities ​ 152,958 ​ 124,134 ​ 156,523 ​ 128,580 Other ​ 750 ​ 656 ​ 763 ​ 698 Total ​ $ 216,389 ​ $ 182,645 ​ $ 224,995 ​ $ 191,985

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Loans and Allowance for Credit Losses
Schedule of summary loan portfolio	A summary of the Company’s loan portfolio is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 ​ Commercial real estate loans: ​ ​ Construction ​ $ 20,438 ​ $ 20,208 ​ Non-residential ​ 329,241 ​ 324,493 ​ Multi-family ​ 87,881 ​ 83,376 ​ Residential real estate loans ​ 78,846 ​ 77,259 ​ Commercial and industrial loans (1) ​ 91,291 ​ 88,927 ​ Consumer loans: ​ ​ ​ Indirect automobile ​ 367,011 ​ 394,245 ​ Home equity ​ 11,494 ​ 11,990 ​ Other consumer ​ 7,641 ​ 8,095 ​ Total gross loans ​ 993,843 ​ 1,008,593 ​ Dealer reserves ​ 7,476 ​ 8,382 ​ Allowance for credit losses ​ (7,973) ​ (8,124) ​ Total net loans ​ $ 993,346 ​ $ 1,008,851 ​ (1) Includes $226 and $272 in U.S. Small Business Administration (“SBA”), paycheck protection program (“PPP”) loans at March 31, 2024 and December 31, 2023, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 20,438 ​ $ — ​ $ — ​ $ — ​ $ 20,438 ​ $ — Non-residential ​ ​ 324,593 ​ ​ 2,035 ​ ​ — ​ ​ 2,613 ​ ​ 329,241 ​ ​ 2,613 Multifamily ​ ​ 87,881 ​ ​ — ​ ​ — ​ ​ — ​ ​ 87,881 ​ ​ — Residential real estate ​ 76,577 ​ 1,039 ​ 1,154 ​ 76 ​ 78,846 ​ 1,143 Commercial and industrial ​ 90,658 ​ 318 ​ 128 ​ 187 ​ 91,291 ​ 187 Consumer: ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ 356,740 ​ 8,265 ​ ​ 1,570 ​ 436 ​ 367,011 ​ 476 Home equity ​ 11,295 ​ 14 ​ ​ 46 ​ 139 ​ 11,494 ​ 139 Other consumer ​ 7,366 ​ 233 ​ 40 ​ 2 ​ 7,641 ​ 2 Total ​ $ 975,548 ​ $ 11,904 ​ $ 2,938 ​ $ 3,453 ​ $ 993,843 ​ $ 4,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 20,208 ​ $ — ​ $ — ​ $ — ​ $ 20,208 ​ $ — Non-residential ​ ​ 319,467 ​ ​ 1,276 ​ ​ 2,129 ​ ​ 1,621 ​ ​ 324,493 ​ ​ 1,621 Multifamily ​ ​ 83,376 ​ ​ — ​ ​ — ​ ​ — ​ ​ 83,376 ​ ​ — Residential real estate ​ 75,998 ​ 888 ​ 37 ​ 336 ​ 77,259 ​ 1,624 Commercial and industrial ​ 88,646 ​ 17 ​ 83 ​ 181 ​ 88,927 ​ 181 Consumer: ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ 382,042 ​ 10,155 ​ ​ 1,478 ​ 570 ​ 394,245 ​ 631 Home equity ​ 11,843 ​ — ​ ​ 48 ​ 99 ​ 11,990 ​ 99 Other consumer ​ 7,844 ​ 202 ​ 24 ​ 25 ​ 8,095 ​ 25 Total ​ $ 989,424 ​ $ 12,538 ​ $ 3,799 ​ $ 2,832 ​ $ 1,008,593 ​ $ 4,181
Schedule of amortized cost basis of nonaccrual loans	The following table presents the Company’s amortized cost basis of non-accrual loans for which there is no related ACL: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 Commercial real estate: ​ ​ ​ Non-residential $ ​ 1,375 ​ $ ​ 1,152 Residential real estate ​ ​ 1,143 ​ ​ ​ 1,624 Commercial and industrial ​ ​ 172 ​ ​ ​ 150 Consumer: ​ ​ ​ ​ ​ Indirect automobile ​ ​ 150 ​ ​ ​ 160 Home equity ​ ​ 139 ​ ​ ​ 99 Other consumer ​ ​ 2 ​ ​ ​ 25 Total $ ​ 2,981 ​ $ ​ 3,210 ​ The following table presents the Company’s amortized cost basis of only those non-accrual loans with a related ACL: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ ​ Non-accrual loans Related ACL Non-accrual loans Related ACL Commercial real estate: ​ ​ ​ ​ Non-residential ​ $ 1,238 ​ $ 290 ​ $ 469 ​ $ 16 Commercial and industrial ​ ​ 15 ​ ​ 1 ​ ​ 31 ​ ​ 32 Consumer: ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ 326 ​ ​ 99 ​ ​ 471 ​ ​ 167 Total ​ $ 1,579 ​ $ 390 ​ $ 971 ​ $ 215
Schedule of loan balances by segment	Activity in the Company’s ACL for loans for the three months ended March 31, 2024 is summarized in the table below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial Indirect Consumer Totals ​ ​ Three months ended March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 2,716 ​ $ 346 ​ $ 606 ​ $ 4,348 ​ $ 108 ​ $ 8,124 Provision for (reversal of) credit losses ​ ​ 323 ​ ​ 9 ​ ​ (7) ​ ​ (238) ​ ​ 12 ​ ​ 99 Loans charged-off ​ ​ — ​ ​ — ​ ​ (34) ​ ​ (895) ​ ​ (32) ​ ​ (961) Recoveries ​ — ​ — ​ 1 ​ 699 ​ 11 ​ 711 Ending balance ​ $ 3,039 ​ $ 355 ​ $ 566 ​ $ 3,914 ​ $ 99 ​ $ 7,973 Ending balance: ​ ​ ​ ​ ​ ​ Loans individually analyzed ​ $ 291 ​ $ — ​ $ — ​ $ 99 ​ $ — ​ $ 390 Loans collectively analyzed ​ $ 2,748 ​ $ 355 ​ $ 566 ​ $ 3,815 ​ $ 99 ​ $ 7,583 Loan receivables: ​ ​ ​ ​ ​ ​ Ending balance ​ $ 437,560 ​ $ 78,846 ​ $ 91,291 ​ $ 367,011 ​ $ 19,135 ​ $ 993,843 Ending balance: ​ ​ ​ ​ ​ ​ ​ Loans individually analyzed ​ $ 2,613 ​ $ 1,143 ​ $ 187 ​ $ 476 ​ $ 239 ​ $ 4,658 Loans collectively analyzed ​ $ 434,947 ​ $ 77,703 ​ $ 91,104 ​ $ 366,535 ​ $ 18,896 ​ $ 989,185 ​ ​ Activity in the Company’s allowance for credit losses for the three months ended March 31, 2023 and December 31, 2023 is summarized in the tables below. The adoption of ASC 326 row presents adjustments recorded on January 1, 2023 through retained earnings. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Commercial ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate and Industrial ​ Indirect ​ Consumer Totals ​ ​ Three months ended March 31, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,031 ​ $ 103 ​ $ 881 ​ $ 3,868 ​ $ 60 ​ $ 7,943 Adoption of ASC 326 ​ ​ (860) ​ ​ 54 ​ ​ (383) ​ ​ 1,710 ​ ​ 59 ​ ​ 580 Provision for credit losses ​ ​ 170 ​ ​ 13 ​ ​ 703 ​ ​ 104 ​ ​ 4 ​ ​ 994 Loans charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ (989) ​ ​ (22) ​ ​ (1,011) Recoveries ​ — ​ — ​ — ​ 585 ​ 12 ​ 597 Ending balance ​ $ 2,341 ​ $ 170 ​ $ 1,201 ​ $ 5,278 ​ $ 113 ​ $ 9,103
Schedule of unfunded commitments	Activity in the Company’s ACL for unfunded commitments for the three months ended March 31, 2024 is summarized in the tables below. The adoption of ASC 326 row presents adjustments recorded on January 1, 2023 through retained earnings. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Three months ended March 31, 2024 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 172 ​ $ — ​ $ 72 ​ $ — ​ $ 13 ​ $ 257 Reversal of credit losses ​ ​ (14) ​ ​ — ​ ​ (1) ​ ​ — ​ ​ (1) ​ ​ (16) Ending balance ​ $ 158 ​ $ — ​ $ 71 ​ $ — ​ $ 12 ​ $ 241 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Commercial ​ ​ ​ ​ Real Estate Residential and Industrial Indirect Consumer Totals ​ Three months ended March 31, 2023 Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Adoption of ASC 326 ​ ​ 149 ​ ​ — ​ ​ 65 ​ ​ — ​ ​ 7 ​ ​ 221 Provision for credit losses ​ ​ 19 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 20 Ending balance ​ $ 158 ​ $ — ​ $ 71 ​ $ — ​ $ 12 ​ $ 241
Summary of provision for credit losses	The following table summarizes the provision for credit losses for the three months ended March 31, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended March 31, ​ 2024 2023 Provision for credit losses - loans ​ $ 99 ​ $ 994 (Reversal of) provision for credit losses - unfunded commitments ​ ​ (16) ​ ​ 20 Provision for credit losses ​ $ 83 ​ $ 1,014
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) based on rating category, as well as gross write-offs for the three months ended March 31, 2024, and by fiscal year of origination as of March 31, 2024. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ Loans by Origination Year ​ Loans ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Amortized Cost ​ Total Commercial construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Watch ​ ​ 641 ​ ​ 15,399 ​ ​ 4,398 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 20,438 Total commercial construction ​ ​ 641 ​ ​ 15,399 ​ ​ 4,398 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 20,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial non-residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,021 ​ $ 34,387 ​ $ 52,760 ​ $ 26,360 ​ $ 16,493 ​ $ 87,069 ​ $ - ​ $ 219,090 Watch ​ ​ 2,776 ​ ​ 16,542 ​ ​ 16,259 ​ ​ 7,470 ​ ​ 11,645 ​ ​ 37,747 ​ ​ - ​ ​ 92,439 Special mention ​ ​ - ​ ​ - ​ ​ - ​ ​ 896 ​ ​ 360 ​ ​ 6,084 ​ ​ - ​ ​ 7,340 Substandard ​ ​ - ​ ​ - ​ ​ 2,895 ​ ​ 1,386 ​ ​ 460 ​ ​ 5,631 ​ ​ - ​ ​ 10,372 Total commercial non-residential ​ ​ 4,797 ​ ​ 50,929 ​ ​ 71,914 ​ ​ 36,112 ​ ​ 28,958 ​ ​ 136,531 ​ ​ - ​ ​ 329,241 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ - ​ $ 804 ​ $ 18,681 ​ $ 30,175 ​ $ 2,084 ​ $ 5,832 ​ $ - ​ $ 57,576 Watch ​ ​ - ​ ​ 1,000 ​ ​ 6,732 ​ ​ 11,895 ​ ​ - ​ ​ 10,331 ​ ​ - ​ ​ 29,958 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 347 ​ ​ ​ ​ ​ 347 Total multifamily ​ ​ - ​ ​ 1,804 ​ ​ 25,413 ​ ​ 42,070 ​ ​ 2,084 ​ ​ 16,510 ​ ​ - ​ ​ 87,881 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 3,034 ​ $ 28,170 ​ $ 25,068 ​ $ 2,122 ​ $ 2,708 ​ $ 16,601 ​ $ - ​ $ 77,703 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 1,143 ​ ​ - ​ ​ 1,143 Total residential ​ ​ 3,034 ​ ​ 28,170 ​ ​ 25,068 ​ ​ 2,122 ​ ​ 2,708 ​ ​ 17,744 ​ ​ - ​ ​ 78,846 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,382 ​ $ 12,044 ​ $ 25,244 ​ $ 10,193 ​ $ 1,241 ​ $ 1,940 ​ $ 10,446 ​ $ 63,490 Watch ​ ​ 676 ​ ​ 2,005 ​ ​ 3,129 ​ ​ 296 ​ ​ 470 ​ ​ 1,591 ​ ​ 16,483 ​ ​ 24,650 Special mention ​ ​ - ​ ​ 224 ​ ​ - ​ ​ 275 ​ ​ 108 ​ ​ 24 ​ ​ - ​ ​ 631 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 869 ​ ​ 1,651 ​ ​ 2,520 Total commercial and industrial ​ ​ 3,058 ​ ​ 14,273 ​ ​ 28,373 ​ ​ 10,764 ​ ​ 1,819 ​ ​ 4,424 ​ ​ 28,580 ​ ​ 91,291 Current-period gross write-offs ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 32 ​ ​ 2 ​ ​ 34 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 15,025 ​ $ 93,746 ​ $ 145,617 ​ $ 64,530 ​ $ 28,830 ​ $ 18,787 ​ $ - ​ $ 366,535 Non-performing ​ ​ - ​ ​ 50 ​ ​ 161 ​ ​ 182 ​ ​ 53 ​ ​ 30 ​ ​ - ​ ​ 476 Total indirect automobile ​ ​ 15,025 ​ ​ 93,796 ​ ​ 145,778 ​ ​ 64,712 ​ ​ 28,883 ​ ​ 18,817 ​ ​ - ​ ​ 367,011 Current-period gross write-offs ​ ​ - ​ ​ 153 ​ ​ 414 ​ ​ 210 ​ ​ 61 ​ ​ 57 ​ ​ - ​ ​ 895 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 4,155 ​ $ 7,200 ​ $ 11,355 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 99 ​ ​ 40 ​ ​ 139 Total home equity ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 4,254 ​ ​ 7,240 ​ ​ 11,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 694 ​ $ 2,507 ​ $ 3,057 ​ $ 729 ​ $ 308 ​ $ 116 ​ $ 228 ​ $ 7,639 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ 2 ​ ​ - ​ ​ - ​ ​ - ​ ​ 2 Total other consumer ​ ​ 694 ​ ​ 2,507 ​ ​ 3,057 ​ ​ 731 ​ ​ 308 ​ ​ 116 ​ ​ 228 ​ ​ 7,641 Current-period gross write-offs ​ ​ - ​ ​ 4 ​ ​ - ​ ​ 3 ​ ​ 24 ​ ​ - ​ ​ 1 ​ ​ 32 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass/performing ​ $ 23,156 ​ $ 171,658 ​ $ 270,427 ​ $ 134,109 ​ $ 51,664 ​ $ 134,500 ​ $ 17,874 ​ $ 803,388 Watch ​ ​ 4,093 ​ ​ 34,946 ​ ​ 30,518 ​ ​ 19,661 ​ ​ 12,115 ​ ​ 49,669 ​ ​ 16,483 ​ ​ 167,485 Special mention ​ ​ 0 ​ ​ 224 ​ ​ 0 ​ ​ 1,171 ​ ​ 468 ​ ​ 6,108 ​ ​ - ​ ​ 7,971 Substandard ​ ​ - ​ ​ - ​ ​ 2,895 ​ ​ 1,386 ​ ​ 460 ​ ​ 6,500 ​ ​ 1,651 ​ ​ 12,892 Non-performing ​ ​ - ​ ​ 50 ​ ​ 161 ​ ​ 184 ​ ​ 53 ​ ​ 1,272 ​ ​ 40 ​ ​ 1,760 Total Loans ​ $ 27,249 ​ $ 206,878 ​ $ 304,001 ​ $ 156,511 ​ $ 64,760 ​ $ 198,396 ​ $ 36,048 ​ $ 993,843 Total Current-period gross write-offs ​ $ 0 ​ $ 157 ​ $ 414 ​ $ 213 ​ $ 85 ​ $ 89 ​ $ 3 ​ $ 961 ​ ​ The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process) based on rating category, as well as gross write-offs for the year ended December 31, 2023, and by fiscal year of origination as of December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ Loans by Origination Year ​ Loans ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Amortized Cost ​ Total Commercial construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ - ​ $ 8,227 ​ $ - ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 8,227 Watch ​ ​ 9,328 ​ ​ 2,653 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 11,981 Total commercial construction ​ ​ 9,328 ​ ​ 10,880 ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 20,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial non-residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 34,508 ​ $ 43,534 ​ $ 26,600 ​ $ 16,673 ​ $ 39,943 ​ $ 44,412 ​ $ - ​ $ 205,670 Watch ​ ​ 16,575 ​ ​ 19,235 ​ ​ 14,854 ​ ​ 12,747 ​ ​ 7,573 ​ ​ 38,004 ​ ​ - ​ ​ 108,988 Special mention ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 5,884 ​ ​ 963 ​ ​ - ​ ​ 6,847 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 465 ​ ​ 2,523 ​ ​ - ​ ​ 2,988 Total commercial non-residential ​ ​ 51,083 ​ ​ 62,769 ​ ​ 41,454 ​ ​ 29,420 ​ ​ 53,865 ​ ​ 85,902 ​ ​ - ​ ​ 324,493 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 807 ​ $ 18,765 ​ $ 30,374 ​ $ 2,100 ​ $ 1,540 ​ $ 4,348 ​ $ - ​ $ 57,934 Watch ​ ​ 1,000 ​ ​ 6,754 ​ ​ 6,925 ​ ​ - ​ ​ 1,265 ​ ​ 9,498 ​ ​ - ​ ​ 25,442 Total multifamily ​ ​ 1,807 ​ ​ 25,519 ​ ​ 37,299 ​ ​ 2,100 ​ ​ 2,805 ​ ​ 13,846 ​ ​ - ​ ​ 83,376 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 28,670 ​ $ 25,260 ​ $ 2,150 ​ $ 2,732 ​ $ 2,626 ​ $ 14,197 ​ $ - ​ $ 75,635 Non-performing ​ ​ - ​ ​ 257 ​ ​ - ​ ​ - ​ ​ - ​ ​ 1,367 ​ ​ - ​ ​ 1,624 Total residential ​ ​ 28,670 ​ ​ 25,517 ​ ​ 2,150 ​ ​ 2,732 ​ ​ 2,626 ​ ​ 15,564 ​ ​ - ​ ​ 77,259 Current-period gross write-offs ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 12,637 ​ $ 26,070 ​ $ 10,804 ​ $ 1,474 ​ $ 962 ​ $ 1,254 ​ $ 11,662 ​ $ 64,863 Watch ​ ​ 2,082 ​ ​ 3,227 ​ ​ 321 ​ ​ 620 ​ ​ 482 ​ ​ 1,603 ​ ​ 14,204 ​ ​ 22,539 Special mention ​ ​ 224 ​ ​ - ​ ​ 301 ​ ​ - ​ ​ 33 ​ ​ - ​ ​ - ​ ​ 558 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 83 ​ ​ 841 ​ ​ 43 ​ ​ 967 Total commercial and industrial ​ ​ 14,943 ​ ​ 29,297 ​ ​ 11,426 ​ ​ 2,094 ​ ​ 1,560 ​ ​ 3,698 ​ ​ 25,909 ​ ​ 88,927 Current-period gross write-offs ​ ​ - ​ ​ - ​ ​ 710 ​ ​ - ​ ​ - ​ ​ 126 ​ ​ - ​ ​ 836 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indirect automobile ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 101,230 ​ $ 160,439 ​ $ 72,941 ​ $ 34,196 ​ $ 19,035 ​ $ 5,773 ​ $ - ​ $ 393,614 Non-performing ​ ​ 31 ​ ​ 259 ​ ​ 196 ​ ​ 69 ​ ​ 63 ​ ​ 13 ​ ​ - ​ ​ 631 Total indirect automobile ​ ​ 101,261 ​ ​ 160,698 ​ ​ 73,137 ​ ​ 34,265 ​ ​ 19,098 ​ ​ 5,786 ​ ​ - ​ ​ 394,245 Current-period gross write-offs ​ ​ 198 ​ ​ 1,492 ​ ​ 1,034 ​ ​ 418 ​ ​ 309 ​ ​ 126 ​ ​ - ​ ​ 3,577 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ - ​ $ - ​ $ - ​ $ - ​ $ 34 ​ $ 4,064 ​ $ 7,793 ​ $ 11,891 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 99 ​ ​ - ​ ​ 99 Total home equity ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 34 ​ ​ 4,163 ​ ​ 7,793 ​ ​ 11,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 2,928 ​ $ 3,477 ​ $ 856 ​ $ 411 ​ $ 138 ​ $ 22 ​ $ 238 ​ $ 8,070 Non-performing ​ ​ - ​ ​ - ​ ​ - ​ ​ 24 ​ ​ - ​ ​ - ​ ​ 1 ​ ​ 25 Total other consumer ​ ​ 2,928 ​ ​ 3,477 ​ ​ 856 ​ ​ 435 ​ ​ 138 ​ ​ 22 ​ ​ 239 ​ ​ 8,095 Current-period gross write-offs ​ ​ 8 ​ ​ 30 ​ ​ 10 ​ ​ 11 ​ ​ - ​ ​ 3 ​ ​ - ​ ​ 62 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass/performing ​ $ 180,780 ​ $ 285,772 ​ $ 143,725 ​ $ 57,586 ​ $ 64,278 ​ $ 74,070 ​ $ 19,693 ​ $ 825,904 Watch ​ ​ 28,985 ​ ​ 31,869 ​ ​ 22,100 ​ ​ 13,367 ​ ​ 9,320 ​ ​ 49,105 ​ ​ 14,204 ​ ​ 168,950 Special mention ​ ​ 224 ​ ​ - ​ ​ 301 ​ ​ 0 ​ ​ 5,917 ​ ​ 963 ​ ​ - ​ ​ 7,405 Substandard ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 548 ​ ​ 3,364 ​ ​ 43 ​ ​ 3,955 Non-performing ​ ​ 31 ​ ​ 516 ​ ​ 196 ​ ​ 93 ​ ​ 63 ​ ​ 1,479 ​ ​ 1 ​ ​ 2,379 Total Loans ​ $ 210,020 ​ $ 318,157 ​ $ 166,322 ​ $ 71,046 ​ $ 80,126 ​ $ 128,981 ​ $ 33,941 ​ $ 1,008,593 Total Current-period gross write-offs ​ $ 206 ​ $ 1,522 ​ $ 1,754 ​ $ 429 ​ $ 309 ​ $ 255 ​ $ - ​ $ 4,475 ​

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets
Schedule of changes in the carrying value of customer list and core deposit intangibles	The changes in the carrying value of the customer list and core deposit intangibles are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2024 2023 Beginning balance ​ $ 246 ​ $ 334 Amortization ​ (21) ​ (24) ​ ​ ​ Ending balance ​ $ 225 ​ $ 310 Accumulated amortization and impairment ​ $ 1,052 ​ $ 967
Schedule of future amortization expense for amortizable intangible assets	As of March 31, 2024, the future amortization expense for amortizable intangible assets for the years ended December 31, was as follows: ​ ​ ​ ​ ​ 2024 $ 58 2025 ​ 60 2026 ​ 29 2027 ​ 21 2028 ​ 16 Thereafter ​ ​ 41 Total ​ $ 225 ​

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2024
Deposits
Schedule of deposits	Deposits balances are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2024 2023 Non-interest bearing demand deposits ​ $ 236,957 ​ $ 249,793 Interest bearing accounts: ​ ​ NOW (1) ​ 126,058 ​ 125,628 Savings ​ 144,932 ​ 146,172 Money market ​ 196,107 ​ 190,864 Time certificates of deposit ​ 332,970 ​ 318,046 Total interest bearing accounts ​ 800,067 ​ 780,710 Total deposits ​ $ 1,037,024 ​ $ 1,030,503 (1) Negotiable order of withdrawal
Schedule of contractual maturities of time certificates of deposit	Contractual maturities of time certificates of deposit at March 31, 2024 are summarized below: ​ ​ ​ ​ ​ ​ ​ March 31, ​ 2024 Within 1 year ​ $ 324,632 1 – 2 years ​ 5,115 2 – 3 years ​ 1,561 3 – 4 years ​ 428 4 – 5 years ​ 1,234 Total ​ $ 332,970 ​

Long-Term Debt and FHLB Stock (

Long-Term Debt and FHLB Stock (Tables)	3 Months Ended
	Mar. 31, 2024
Long-Term Debt and FHLB Stock
Schedule of outstanding principal amounts and related terms of FHLBNY borrowings	The outstanding principal amounts and the related terms and rates at March 31, 2024 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Principal Maturity Rate ​ Due in one year Long term Fixed short-term ​ $ 10,000 ​ April 23, 2024 ​ 5.70 % ​ $ 10,000 ​ $ — Fixed short-term ​ ​ 10,000 ​ May 17, 2024 ​ 5.59 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ June 17, 2024 ​ 5.60 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ July 17, 2024 ​ 5.59 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ August 6, 2024 ​ 5.42 % ​ ​ 10,000 ​ ​ — Fixed short-term ​ ​ 10,000 ​ September 6, 2024 ​ 5.39 % ​ ​ 10,000 ​ ​ — 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 ​ ​ 381 ​ November 9, 2026 ​ 5.04 % ​ ​ — ​ ​ 381 Fixed medium-term ​ ​ 20,000 ​ May 2, 2028 ​ 3.88 % ​ ​ — ​ ​ 20,000 Total ​ $ 108,064 ​ Weighted Average Rate 4.99 % ​ $ 60,000 ​ $ 48,064

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2024
Employee Benefits
Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition	The following table sets forth the plan’s funded status and amounts recognized in the Company’s consolidated statements of financial condition: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 ​ Projected and accumulated benefit obligation ​ $ (17,986) ​ $ (17,868) ​ Plan assets at fair value ​ 18,139 ​ 18,062 ​ Funded status included in accrued expenses and other liabilities ​ $ 153 ​ $ 194 ​
Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income	The net periodic pension cost and amounts recognized in other expense are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended March 31, ​ 2024 2023 Interest cost ​ $ 213 ​ $ 215 Expected return on plan assets ​ (249) ​ (232) Amortization of unrecognized loss ​ 74 ​ 93 Net periodic cost ​ $ 38 ​ $ 76
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in separate accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed income ​ $ 12,686 ​ $ — ​ $ — ​ $ 12,686 Equity ​ 5,453 ​ — ​ — ​ 5,453 Total assets at fair value ​ $ 18,139 ​ $ — ​ $ — ​ $ 18,139 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in separate accounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed income ​ $ 12,293 ​ $ — ​ $ — ​ $ 12,293 Equity ​ 5,769 ​ — ​ — ​ 5,769 Total assets at fair value ​ $ 18,062 ​ $ — ​ $ — ​ $ 18,062
Schedule of employee stock ownership plan	Shares held by the ESOP include the following: ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 Allocated ​ 109,107 87,286 Committed to be allocated ​ 5,454 21,821 Unallocated ​ 321,864 327,318 Paid out to participants ​ (10,988) ​ (10,988) Total shares ​ 425,437 425,437
Summary of options	A summary of options under the 2020 EIP as of March 31, 2024 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted - ​ Weighted-Average ​ ​ Number of ​ Average ​ Remaining Contractual ​ ​ Shares ​ Exercise Price ​ Term (in Years) Options outstanding at beginning of year ​ 436,263 ​ $ 6.62 ​ 6.64 Expired ​ (1,333) ​ ​ 6.57 ​ - Options outstanding at March 31, 2024 ​ 434,930 ​ $ 6.62 ​ 6.50 Options exercisable at March 31, 2024 ​ 434,930 ​ $ 6.62 ​ 6.50

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases
Schedule of future minimum payments for operating leases	Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2024 were as follows: ​ ​ ​ ​ ​ Years ending December 31: ​ ​ 2024 ​ $ 573 2025 ​ 739 2026 ​ 720 2027 ​ 676 2028 ​ 677 Thereafter ​ 3,778 Total future minimum lease payments ​ ​ 7,163 Amounts representing interest ​ ​ (945) Present Value of Net Future Minimum Lease Payments ​ $ 6,218 ​

Commitments and Contingencies_2

Commitments and Contingencies and Derivatives (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies and Derivatives
Schedule of contract amounts represent off-balance sheet credit risk	Financial instruments whose contract amounts represent off-balance sheet credit risk are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 ​ Commitments to extend credit summarized as follows: ​ ​ ​ ​ ​ ​ ​ Future loan commitments ​ $ 3,401 ​ $ 5,318 ​ Undisbursed construction loans ​ 40,747 ​ 42,482 ​ Undisbursed home equity lines of credit ​ 10,788 ​ 10,727 ​ Undisbursed commercial and other line of credit ​ 70,957 ​ 69,258 ​ Standby letters of credit ​ 3,115 ​ 4,965 ​ Loans sold with recourse ​ 1,155 ​ 1,873 ​ Total ​ $ 130,163 ​ $ 134,623 ​
Schedule of information regarding derivatives	Summary information regarding these derivatives is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 ​ 2023 ​ Notational amount ​ $ 88,780 ​ ​ $ 65,420 ​ Fair value ​ $ 5,735 ​ ​ $ 5,343 ​ Weighted average pay rates ​ ​ 5.03 % ​ ​ 5.064 % Weighted average receive rates ​ ​ 7.44 % ​ ​ 7.49 % Weighted average maturity (in years) ​ ​ 9.04 ​ ​ ​ 8.88 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Contracts ​ ​ 16 ​ ​ ​ 14 ​

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2024
Regulatory Matters
Schedule of actual capital amounts and ratios	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 ​ ​ March 31, 2024 Rhinebeck Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 145,962 12.99 % $ 89,892 8.00 % $ 112,366 10.00 % Tier 1 capital (to risk-weighted assets) ​ 137,749 12.26 % 67,419 6.00 % 89,892 8.00 % Common equity tier one capital (to risk weighted assets) ​ 137,749 12.26 % 50,564 4.50 % 73,038 6.50 % Tier 1 capital (to average assets) ​ 137,749 10.28 % 53,582 4.00 % 66,977 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Rhinebeck Bank ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 144,675 12.70 % $ 91,154 8.00 % $ 113,942 10.00 % Tier 1 capital (to risk-weighted assets) ​ 136,295 11.96 % 68,365 6.00 % 91,154 8.00 % Common equity tier one capital (to risk weighted assets) ​ 136,295 11.96 % 51,274 4.50 % 74,062 6.50 % Tier 1 capital (to average assets) ​ 136,295 10.10 % 53,990 4.00 % 67,488 5.00 % ​

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2024
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) ​ ​ March 31, 2024 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 19,143 ​ $ 19,143 ​ $ — ​ $ — U.S. government agency mortgage-backed securities-residential ​ ​ 124,134 ​ ​ — ​ ​ 124,134 ​ ​ — U.S. government agency securities ​ 23,096 ​ — ​ 23,096 ​ — Municipal securities ​ 2,882 ​ — ​ 2,767 ​ 115 Corporate Bonds ​ ​ 12,734 ​ ​ — ​ ​ 12,734 ​ ​ — Other ​ 656 ​ — ​ 656 ​ — Total available for sale securities ​ ​ 182,645 ​ ​ 19,143 ​ ​ 163,387 ​ ​ 115 Loan level interest rate swaps ​ ​ 6,591 ​ ​ — ​ ​ 6,591 ​ ​ — Total assets ​ $ 189,236 ​ $ 19,143 ​ $ 169,978 ​ $ 115 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan level interest rate swaps ​ $ 6,591 ​ $ — ​ $ 6,591 ​ $ — Total liabilities ​ $ 6,591 ​ $ — ​ $ 6,591 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 24,006 ​ $ 24,006 ​ $ — ​ $ — U.S. government agency mortgage-backed securities – residential ​ ​ 128,580 ​ ​ — ​ ​ 128,580 ​ ​ — U.S. government agency securities ​ 23,158 ​ — ​ 23,158 ​ — Municipal securities ​ 2,903 ​ — ​ 2,788 ​ 115 Corporate Bonds ​ ​ 12,640 ​ ​ — ​ ​ 12,640 ​ ​ — Other ​ 698 ​ — ​ 698 ​ — Total available for sale securities ​ ​ 191,985 ​ ​ 24,006 ​ ​ 167,864 ​ ​ 115 Loan level interest rate swaps ​ ​ 6,278 ​ ​ — ​ ​ 6,278 ​ ​ — Total assets ​ $ 198,263 ​ $ 24,006 ​ $ 174,142 ​ $ 115 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loan level interest rate swaps ​ $ 6,278 ​ $ — ​ $ 6,278 ​ $ — Total liabilities ​ $ 6,278 ​ $ — ​ $ 6,278 ​ $ —
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 March 31, 2024 and December 31, 2023, 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) ​ ​ March 31, 2024 Individually analyzed loans, with specific reserves ​ $ 1,189 ​ $ — ​ $ — ​ $ 1,189 Total ​ $ 1,189 ​ $ — ​ $ — ​ $ 1,189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Individually analyzed loans, with specific reserves ​ $ 758 ​ $ — ​ $ — ​ $ 758 Other real estate owned ​ 25 ​ — ​ — ​ 25 Total ​ $ 783 ​ $ — ​ $ — ​ $ 783
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) ​ ​ March 31, 2024 Individually analyzed loans, with specific reserves ​ $ 1,189 Appraisal of collateral (1) Liquidation expenses (3) 0% to 8% ​ ​ ​ ​ ​ ​ ​ Appraisal adjustments (2) 0% to 20% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Individually analyzed loans, with specific reserves ​ $ 758 Appraisal of collateral (1) Liquidation expenses (3) 0% to 8% ​ ​ ​ ​ ​ ​ ​ Appraisal adjustments (2) 0% to 20% Other real estate owned ​ 25 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% ​ ​ Appraisal adjustments (2) 0% to 20% (1) Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 ​ 2023 ​ Carrying Value Fair Value Carrying Value Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents (Level 1) ​ $ 30,672 ​ $ 30,672 ​ $ 22,129 ​ $ 22,129 Available for sale securities (Level 1) ​ 19,143 ​ 19,143 ​ 24,006 ​ 24,006 Available for sale securities (Level 2) ​ 163,387 ​ 163,387 ​ 167,864 ​ 167,864 Available for sale securities (Level 3) ​ 115 ​ 115 ​ 115 ​ 115 Loan level interest rate swaps (Level 2) ​ ​ 6,591 ​ ​ 6,591 ​ ​ 6,278 ​ ​ 6,278 FHLB stock (Level 2) ​ 5,614 ​ 5,614 ​ 6,514 ​ 6,514 Loans, net (Level 3) ​ 993,346 ​ 972,258 ​ 1,008,851 ​ 979,037 Accrued interest receivable (Level 2) ​ 4,611 ​ 4,611 ​ 4,616 ​ 4,616 Mortgage servicing rights (Level 3) ​ 1,880 ​ 4,520 ​ 1,977 ​ 4,720 Financial Liabilities: ​ ​ ​ ​ Deposits (Level 2) ​ 1,037,024 ​ 962,985 ​ 1,030,503 ​ 948,140 Mortgagors' escrow accounts (Level 2) ​ 7,301 ​ 7,301 ​ 9,274 ​ 9,274 FHLB advances (Level 2) ​ 108,064 ​ 107,057 ​ 128,064 ​ 127,592 Subordinated debt (Level 2) ​ 5,155 ​ 5,155 ​ 5,155 ​ 5,155 Loan level interest rate swaps (Level 2) ​ ​ 6,591 ​ ​ 6,591 ​ ​ 6,278 ​ ​ 6,278 Accrued interest payable (Level 2) ​ ​ 1,681 ​ ​ 1,681 ​ ​ 1,488 ​ ​ 1,488 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Loss.
Schedule of accumulated other comprehensive loss components	The components of other comprehensive loss at March 31, 2024 and December 31, 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2024 2023 Securities available for sale: ​ ​ ​ ​ ​ ​ Net unrealized loss on securities available for sale ​ $ (33,744) ​ $ (33,009) Related deferred tax ​ 7,087 ​ 6,932 Net accumulated other comprehensive loss ​ (26,657) ​ (26,077) Defined benefit pension plan: ​ ​ Unrecognized net actuarial loss and prior service cost ​ (4,330) ​ (4,330) Related deferred tax ​ 909 ​ 909 Net accumulated other comprehensive loss ​ (3,421) ​ (3,421) Total accumulated other comprehensive loss ​ $ (30,078) ​ $ (29,498) (1) Related deferred tax is calculated using an income tax rate of 21.0%.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share
Schedule of earnings per share, basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2024 ​ 2023 Net income applicable to common stock ​ $ 1,121 ​ $ 798 ​ ​ ​ Average number of common shares outstanding ​ 11,072,607 ​ 11,228,299 Less: Average unearned ESOP shares ​ 324,601 ​ 346,414 Average number of common shares outstanding used to calculate basic earnings per common share ​ 10,748,006 ​ 10,881,885 Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share ​ ​ — ​ ​ 34,822 Additional common stock equivalents (stock options) used to calculate diluted earnings per share ​ ​ 96,281 ​ ​ 104,688 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share ​ ​ 10,844,287 ​ ​ 11,021,395 ​ ​ ​ Earnings per Common share: ​ ​ Basic ​ $ 0.10 ​ $ 0.07 Diluted ​ $ 0.10 ​ $ 0.07

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2024 item segment
Nature of Business and Significant Accounting Policies
Number of branches	13
Number of representative offices	2
Number of reportable segments | segment	1

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	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	$ 216,389	$ 224,995
Gross Unrealized Losses	(33,744)	(33,010)
Fair Value	182,645	191,985
U.S. Treasury securities
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	20,048	25,072
Gross Unrealized Losses	(905)	(1,066)
Fair Value	19,143	24,006
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	152,958	156,523
Gross Unrealized Losses	(28,824)	(27,943)
Fair Value	124,134	128,580
U.S. government agency securities
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	24,772	24,774
Gross Unrealized Losses	(1,676)	(1,616)
Fair Value	23,096	23,158
Municipal securities
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	3,161	3,163
Gross Unrealized Losses	(279)	(260)
Fair Value	2,882	2,903
Corporate Bonds
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	14,700	14,700
Gross Unrealized Losses	(1,966)	(2,060)
Fair Value	12,734	12,640
Other
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Amortized Cost	750	763
Gross Unrealized Losses	(94)	(65)
Fair Value	$ 656	$ 698

Investment Securities (Schedu_2

Investment Securities (Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	$ 629	$ 1,184
Less Than 12 Months Unrealized Losses	(94)	(83)
12 Months or Longer Fair Value	181,839	190,660
12 Months or Longer Unrealized Losses	(33,650)	(32,927)
Fair Value	182,468	191,844
Unrealized Losses	(33,744)	(33,010)
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
12 Months or Longer Fair Value	19,143	24,006
12 Months or Longer Unrealized Losses	(905)	(1,066)
Fair Value	19,143	24,006
Unrealized Losses	(905)	(1,066)
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-sale [Line Items]
12 Months or Longer Fair Value	124,101	128,580
12 Months or Longer Unrealized Losses	(28,824)	(27,943)
Fair Value	124,101	128,580
Unrealized Losses	(28,824)	(27,943)
U.S. government agency securities
Debt Securities, Available-for-sale [Line Items]
12 Months or Longer Fair Value	23,095	23,158
12 Months or Longer Unrealized Losses	(1,676)	(1,616)
Fair Value	23,095	23,158
Unrealized Losses	(1,676)	(1,616)
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value		512
Less Than 12 Months Unrealized Losses		(18)
12 Months or Longer Fair Value	2,766	2,276
12 Months or Longer Unrealized Losses	(279)	(242)
Fair Value	2,766	2,788
Unrealized Losses	(279)	(260)
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
12 Months or Longer Fair Value	12,734	12,640
12 Months or Longer Unrealized Losses	(1,966)	(2,060)
Fair Value	12,734	12,640
Unrealized Losses	(1,966)	(2,060)
Other
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	629	672
Less Than 12 Months Unrealized Losses	(94)	(65)
Fair Value	629	672
Unrealized Losses	$ (94)	$ (65)

Investment Securities (Schedu_3

Investment Securities (Schedule of maturities of debt securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Within 1 year	$ 11,442	$ 15,449
After 1 but within 5 years	31,839	32,860
After 5 but within 10 years	19,400	19,400
Total Maturities	62,681	67,709
Mortgage-backed securities	152,958	156,523
Other	750	763
Amortized Cost	216,389	224,995
Fair Value
Within 1 year	11,285	15,170
After 1 but within 5 years	29,553	30,569
After 5 but within 10 years	17,017	16,968
Total Maturities	57,855	62,707
Mortgage-backed securities	124,134	128,580
Other	656	698
Fair Value	$ 182,645	$ 191,985

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)
Debt Securities, Available-for-sale [Line Items]
Number of individual available-for-sale securities with unrealized losses | security	231
Unrealized Losses	$ 33,744	$ 33,010
Aggregate percentage of depreciation	15.61%
Allowance for credit losses for available-for-sale securities	$ 0
Available for sale securities on non-accrual status	0	0
Accrued interest related to securities reversed	0	0
Accrued interest receivable on available for sale securities	$ 578	$ 602
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable	Interest Receivable
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	12,634	$ 13,130
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	$ 69,180	$ 75,769

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Schedule of summary loan portfolio) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	$ 993,843	$ 1,008,593
Net deferred loan costs	7,476	8,382
Allowance for credit losses	(7,973)	(8,124)	$ (9,103)	$ (7,943)
Total net loans	993,346	1,008,851
Indirect automobile
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	367,011
Allowance for credit losses	(3,914)	(4,348)	(5,278)	(3,868)
Commercial real estate
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	437,560
Allowance for credit losses	(3,039)	(2,716)	(2,341)	(3,031)
Commercial real estate | Construction
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	20,438	20,208
Commercial real estate | Non-residential
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	329,241	324,493
Commercial real estate | Multifamily
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	87,881	83,376
Residential
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	78,846	77,259
Allowance for credit losses	(355)	(346)	(170)	(103)
Unpaid principal balances of loans held for sale	893	908
Commercial and industrial
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	91,291	88,927
Allowance for credit losses	(566)	(606)	(1,201)	(881)
Commercial and industrial | Small Business Administration Paycheck Protection Program
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	226	272
Consumer
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	19,135
Allowance for credit losses	(99)	(108)	$ (113)	$ (60)
Consumer | Indirect automobile
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	367,011	394,245
Consumer | Home equity
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	11,494	11,990
Consumer | Other consumer
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]
Total gross loans	$ 7,641	$ 8,095

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	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 993,843	$ 1,008,593
Non-accrual	4,560	4,181
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	975,548	989,424
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	11,904	12,538
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	2,938	3,799
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	3,453	2,832
Indirect automobile
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	367,011
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	437,560
Commercial real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	20,438	20,208
Commercial real estate | Construction | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	20,438	20,208
Commercial real estate | Non-residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	329,241	324,493
Non-accrual	2,613	1,621
Commercial real estate | Non-residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	324,593	319,467
Commercial real estate | Non-residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	2,035	1,276
Commercial real estate | Non-residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans		2,129
Commercial real estate | Non-residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	2,613	1,621
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	87,881	83,376
Commercial real estate | Multifamily | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	87,881	83,376
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	78,846	77,259
Non-accrual	1,143	1,624
Residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	76,577	75,998
Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,039	888
Residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,154	37
Residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	76	336
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	91,291	88,927
Non-accrual	187	181
Commercial and industrial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	90,658	88,646
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	318	17
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	128	83
Commercial and industrial | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	187	181
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	19,135
Consumer | Indirect automobile
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	367,011	394,245
Non-accrual	476	631
Consumer | Indirect automobile | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	356,740	382,042
Consumer | Indirect automobile | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	8,265	10,155
Consumer | Indirect automobile | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	1,570	1,478
Consumer | Indirect automobile | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	436	570
Consumer | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	11,494	11,990
Non-accrual	139	99
Consumer | Home equity | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	11,295	11,843
Consumer | Home equity | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	14
Consumer | Home equity | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	46	48
Consumer | Home equity | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	139	99
Consumer | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,641	8,095
Non-accrual	2	25
Consumer | Other consumer | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	7,366	7,844
Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	233	202
Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	40	24
Consumer | Other consumer | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	$ 2	$ 25

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses (Schedule of amortized cost basis of non-accrual loans with no related ACL) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with no related ACL	$ 2,981	$ 3,210
Commercial real estate | Non-residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with no related ACL	1,375	1,152
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with no related ACL	1,143	1,624
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with no related ACL	172	150
Consumer | Indirect automobile
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with no related ACL	150	160
Consumer | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with no related ACL	139	99
Consumer | Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with no related ACL	$ 2	$ 25

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Schedule of amortized cost basis of non-accrual loans with a related ACL) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with a related ACL	$ 1,579	$ 971
Related ACL	390	215
Commercial real estate | Non-residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with a related ACL	1,238	469
Related ACL	290	16
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with a related ACL	15	31
Related ACL	1	32
Consumer | Indirect automobile
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans with a related ACL	326	471
Related ACL	$ 99	$ 167

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Narrative) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	$ 4,658
Financing Receivable, Accrued Interest, Writeoff	56
Accrued interest receivable	4,033	$ 4,014
Aggregate balances of loans serviced to participants	48,318	44,418
Amount of consumer mortgages and loans secured by residential real estate properties in process of foreclosure	99	152
Aggregate balances of loans serviced to third party	279,235	282,269
Balance of capitalized servicing rights	1,880	1,977
Mortgage Servicing Rights (MSR) Impairment (Recovery)	0	0
Financial instruments represent off-balance sheet credit risk, asset	130,163	134,623
Loans sold with recourse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial instruments represent off-balance sheet credit risk, asset	1,155	$ 1,873
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	1,143
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	239
Consumer | Home equity | Consumer Borrower
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually analyzed loans	$ 98
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		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Allowance for loan losses:
Beginning balance	$ 8,124	$ 7,943	$ 7,943
Provision for (reversal of) credit losses	99	994
Loans charged-off	(961)	(1,011)	(4,475)
Recoveries	711	597
Ending balance	7,973	9,103	8,124
Allowance for loan losses:
Loans individually analyzed	390
Loans collectively analyzed	7,583
Loan receivables:
Ending balance	993,843		1,008,593
Ending balance: Loans individually analyzed	4,658
Ending balance: Loans collectively analyzed	989,185
Indirect automobile
Allowance for loan losses:
Beginning balance	4,348	3,868	3,868
Provision for (reversal of) credit losses	(238)	104
Loans charged-off	(895)	(989)
Recoveries	699	585
Ending balance	3,914	5,278	4,348
Allowance for loan losses:
Loans individually analyzed	99
Loans collectively analyzed	3,815
Loan receivables:
Ending balance	367,011
Ending balance: Loans individually analyzed	476
Ending balance: Loans collectively analyzed	366,535
Cumulative effect of adoption
Allowance for loan losses:
Beginning balance		580	580
Cumulative effect of adoption | Indirect automobile
Allowance for loan losses:
Beginning balance		1,710	1,710
Commercial real estate
Allowance for loan losses:
Beginning balance	2,716	3,031	3,031
Provision for (reversal of) credit losses	323	170
Ending balance	3,039	2,341	2,716
Allowance for loan losses:
Loans individually analyzed	291
Loans collectively analyzed	2,748
Loan receivables:
Ending balance	437,560
Ending balance: Loans individually analyzed	2,613
Ending balance: Loans collectively analyzed	434,947
Commercial real estate | Cumulative effect of adoption
Allowance for loan losses:
Beginning balance		(860)	(860)
Residential
Allowance for loan losses:
Beginning balance	346	103	103
Provision for (reversal of) credit losses	9	13
Ending balance	355	170	346
Allowance for loan losses:
Loans collectively analyzed	355
Loan receivables:
Ending balance	78,846		77,259
Ending balance: Loans individually analyzed	1,143
Ending balance: Loans collectively analyzed	77,703
Residential | Cumulative effect of adoption
Allowance for loan losses:
Beginning balance		54	54
Commercial and industrial
Allowance for loan losses:
Beginning balance	606	881	881
Provision for (reversal of) credit losses	(7)	703
Loans charged-off	(34)		(836)
Recoveries	1
Ending balance	566	1,201	606
Allowance for loan losses:
Loans collectively analyzed	566
Loan receivables:
Ending balance	91,291		88,927
Ending balance: Loans individually analyzed	187
Ending balance: Loans collectively analyzed	91,104
Commercial and industrial | Cumulative effect of adoption
Allowance for loan losses:
Beginning balance		(383)	(383)
Consumer
Allowance for loan losses:
Beginning balance	108	60	60
Provision for (reversal of) credit losses	12	4
Loans charged-off	(32)	(22)
Recoveries	11	12
Ending balance	99	113	108
Allowance for loan losses:
Loans collectively analyzed	99
Loan receivables:
Ending balance	19,135
Ending balance: Loans individually analyzed	239
Ending balance: Loans collectively analyzed	18,896
Consumer | Indirect automobile
Allowance for loan losses:
Loans charged-off	(895)		(3,577)
Loan receivables:
Ending balance	$ 367,011		394,245
Consumer | Cumulative effect of adoption
Allowance for loan losses:
Beginning balance		$ 59	$ 59

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses (Schedule of ACL for unfunded commitments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for credit losses:
Beginning balance	$ 257
(Reversal of) provision for credit losses	(16)	$ 20
Ending balance	241	241
Cumulative effect of adoption
Allowance for credit losses:
Beginning balance		221
Commercial real estate
Allowance for credit losses:
Beginning balance	172
(Reversal of) provision for credit losses	(14)	19
Ending balance	158	158
Commercial real estate | Cumulative effect of adoption
Allowance for credit losses:
Beginning balance		149
Commercial and industrial
Allowance for credit losses:
Beginning balance	72
(Reversal of) provision for credit losses	(1)	1
Ending balance	71	71
Commercial and industrial | Cumulative effect of adoption
Allowance for credit losses:
Beginning balance		65
Consumer
Allowance for credit losses:
Beginning balance	13
(Reversal of) provision for credit losses	(1)
Ending balance	$ 12	12
Consumer | Cumulative effect of adoption
Allowance for credit losses:
Beginning balance		$ 7

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses (Schedule of provision for credit losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Loans and Allowance for Credit Losses
Provision for credit losses - loans	$ 99	$ 994
(Reversal of) provision for credit losses - unfunded commitments	(16)	20
Provision for credit losses	$ 83	$ 1,014

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses (Schedule of loans by risk rating and portfolio segment) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Year 1	$ 27,249		$ 210,020
Year 2	206,878		318,157
Year 3	304,001		166,322
Year 4	156,511		71,046
Year 5	64,760		80,126
Prior	198,396		128,981
Revolving Loans Amortized Cost	36,048		33,941
Total gross loans	993,843		1,008,593
Current-period gross write-offs
Year 1	0		206
Year 2	157		1,522
Year 3	414		1,754
Year 4	213		429
Year 5	85		309
Prior	89		255
Revolving Loans Amortized Cost	3
Total	961	$ 1,011	4,475
Non-performing
Financing Receivable, Recorded Investment [Line Items]
Year 1			31
Year 2	50		516
Year 3	161		196
Year 4	184		93
Year 5	53		63
Prior	1,272		1,479
Revolving Loans Amortized Cost	40		1
Total gross loans	1,760		2,379
Pass | Performing
Financing Receivable, Recorded Investment [Line Items]
Year 1	23,156		180,780
Year 2	171,658		285,772
Year 3	270,427		143,725
Year 4	134,109		57,586
Year 5	51,664		64,278
Prior	134,500		74,070
Revolving Loans Amortized Cost	17,874		19,693
Total gross loans	803,388		825,904
Watch
Financing Receivable, Recorded Investment [Line Items]
Year 1	4,093		28,985
Year 2	34,946		31,869
Year 3	30,518		22,100
Year 4	19,661		13,367
Year 5	12,115		9,320
Prior	49,669		49,105
Revolving Loans Amortized Cost	16,483		14,204
Total gross loans	167,485		168,950
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Year 1	0		224
Year 2	224
Year 3	0		301
Year 4	1,171		0
Year 5	468		5,917
Prior	6,108		963
Total gross loans	7,971		7,405
Substandard
Financing Receivable, Recorded Investment [Line Items]
Year 3	2,895
Year 4	1,386
Year 5	460		548
Prior	6,500		3,364
Revolving Loans Amortized Cost	1,651		43
Total gross loans	12,892		3,955
Indirect automobile
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	367,011
Current-period gross write-offs
Total	895	989
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	437,560
Commercial real estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Year 1	641		9,328
Year 2	15,399		10,880
Year 3	4,398
Total gross loans	20,438		20,208
Commercial real estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Year 2			8,227
Total gross loans			8,227
Commercial real estate | Construction | Watch
Financing Receivable, Recorded Investment [Line Items]
Year 1	641		9,328
Year 2	15,399		2,653
Year 3	4,398
Total gross loans	20,438		11,981
Commercial real estate | Non-residential
Financing Receivable, Recorded Investment [Line Items]
Year 1	4,797		51,083
Year 2	50,929		62,769
Year 3	71,914		41,454
Year 4	36,112		29,420
Year 5	28,958		53,865
Prior	136,531		85,902
Total gross loans	329,241		324,493
Commercial real estate | Non-residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Year 1	2,021		34,508
Year 2	34,387		43,534
Year 3	52,760		26,600
Year 4	26,360		16,673
Year 5	16,493		39,943
Prior	87,069		44,412
Total gross loans	219,090		205,670
Commercial real estate | Non-residential | Watch
Financing Receivable, Recorded Investment [Line Items]
Year 1	2,776		16,575
Year 2	16,542		19,235
Year 3	16,259		14,854
Year 4	7,470		12,747
Year 5	11,645		7,573
Prior	37,747		38,004
Total gross loans	92,439		108,988
Commercial real estate | Non-residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Year 4	896
Year 5	360		5,884
Prior	6,084		963
Total gross loans	7,340		6,847
Commercial real estate | Non-residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Year 3	2,895
Year 4	1,386
Year 5	460		465
Prior	5,631		2,523
Total gross loans	10,372		2,988
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Year 1			1,807
Year 2	1,804		25,519
Year 3	25,413		37,299
Year 4	42,070		2,100
Year 5	2,084		2,805
Prior	16,510		13,846
Total gross loans	87,881		83,376
Commercial real estate | Multifamily | Pass
Financing Receivable, Recorded Investment [Line Items]
Year 1			807
Year 2	804		18,765
Year 3	18,681		30,374
Year 4	30,175		2,100
Year 5	2,084		1,540
Prior	5,832		4,348
Total gross loans	57,576		57,934
Commercial real estate | Multifamily | Watch
Financing Receivable, Recorded Investment [Line Items]
Year 1			1,000
Year 2	1,000		6,754
Year 3	6,732		6,925
Year 4	11,895
Year 5			1,265
Prior	10,331		9,498
Total gross loans	29,958		25,442
Commercial real estate | Multifamily | Substandard
Financing Receivable, Recorded Investment [Line Items]
Prior	347
Total gross loans	347
Residential
Financing Receivable, Recorded Investment [Line Items]
Year 1	3,034		28,670
Year 2	28,170		25,517
Year 3	25,068		2,150
Year 4	2,122		2,732
Year 5	2,708		2,626
Prior	17,744		15,564
Total gross loans	78,846		77,259
Residential | Performing
Financing Receivable, Recorded Investment [Line Items]
Year 1	3,034		28,670
Year 2	28,170		25,260
Year 3	25,068		2,150
Year 4	2,122		2,732
Year 5	2,708		2,626
Prior	16,601		14,197
Total gross loans	77,703		75,635
Residential | Non-performing
Financing Receivable, Recorded Investment [Line Items]
Year 2			257
Prior	1,143		1,367
Total gross loans	1,143		1,624
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Year 1	3,058		14,943
Year 2	14,273		29,297
Year 3	28,373		11,426
Year 4	10,764		2,094
Year 5	1,819		1,560
Prior	4,424		3,698
Revolving Loans Amortized Cost	28,580		25,909
Total gross loans	91,291		88,927
Current-period gross write-offs
Year 3			710
Prior	32		126
Revolving Loans Amortized Cost	2
Total	34		836
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Year 1	2,382		12,637
Year 2	12,044		26,070
Year 3	25,244		10,804
Year 4	10,193		1,474
Year 5	1,241		962
Prior	1,940		1,254
Revolving Loans Amortized Cost	10,446		11,662
Total gross loans	63,490		64,863
Commercial and industrial | Watch
Financing Receivable, Recorded Investment [Line Items]
Year 1	676		2,082
Year 2	2,005		3,227
Year 3	3,129		321
Year 4	296		620
Year 5	470		482
Prior	1,591		1,603
Revolving Loans Amortized Cost	16,483		14,204
Total gross loans	24,650		22,539
Commercial and industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Year 1			224
Year 2	224
Year 3			301
Year 4	275
Year 5	108		33
Prior	24
Total gross loans	631		558
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Year 5			83
Prior	869		841
Revolving Loans Amortized Cost	1,651		43
Total gross loans	2,520		967
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	19,135
Current-period gross write-offs
Total	32	$ 22
Consumer | Indirect automobile
Financing Receivable, Recorded Investment [Line Items]
Year 1	15,025		101,261
Year 2	93,796		160,698
Year 3	145,778		73,137
Year 4	64,712		34,265
Year 5	28,883		19,098
Prior	18,817		5,786
Total gross loans	367,011		394,245
Current-period gross write-offs
Year 1			198
Year 2	153		1,492
Year 3	414		1,034
Year 4	210		418
Year 5	61		309
Prior	57		126
Total	895		3,577
Consumer | Indirect automobile | Performing
Financing Receivable, Recorded Investment [Line Items]
Year 1	15,025		101,230
Year 2	93,746		160,439
Year 3	145,617		72,941
Year 4	64,530		34,196
Year 5	28,830		19,035
Prior	18,787		5,773
Total gross loans	366,535		393,614
Consumer | Indirect automobile | Non-performing
Financing Receivable, Recorded Investment [Line Items]
Year 1			31
Year 2	50		259
Year 3	161		196
Year 4	182		69
Year 5	53		63
Prior	30		13
Total gross loans	476		631
Consumer | Home equity
Financing Receivable, Recorded Investment [Line Items]
Year 5			34
Prior	4,254		4,163
Revolving Loans Amortized Cost	7,240		7,793
Total gross loans	11,494		11,990
Consumer | Home equity | Performing
Financing Receivable, Recorded Investment [Line Items]
Year 5			34
Prior	4,155		4,064
Revolving Loans Amortized Cost	7,200		7,793
Total gross loans	11,355		11,891
Consumer | Home equity | Non-performing
Financing Receivable, Recorded Investment [Line Items]
Prior	99		99
Revolving Loans Amortized Cost	40
Total gross loans	139		99
Consumer | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Year 1	694		2,928
Year 2	2,507		3,477
Year 3	3,057		856
Year 4	731		435
Year 5	308		138
Prior	116		22
Revolving Loans Amortized Cost	228		239
Total gross loans	7,641		8,095
Current-period gross write-offs
Year 1			8
Year 2	4		30
Year 3			10
Year 4	3		11
Year 5	24
Prior			3
Revolving Loans Amortized Cost	1
Total	32		62
Consumer | Other consumer | Performing
Financing Receivable, Recorded Investment [Line Items]
Year 1	694		2,928
Year 2	2,507		3,477
Year 3	3,057		856
Year 4	729		411
Year 5	308		138
Prior	116		22
Revolving Loans Amortized Cost	228		238
Total gross loans	7,639		8,070
Consumer | Other consumer | Non-performing
Financing Receivable, Recorded Investment [Line Items]
Year 4	2		24
Revolving Loans Amortized Cost			1
Total gross loans	$ 2		$ 25

Goodwill and Intangible Asset_2

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
	Mar. 31, 2024	Mar. 31, 2023
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 246	$ 334
Amortization	(21)	(24)
Ending balance	225	310
Accumulated amortization and impairment	$ 1,052	$ 967

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Goodwill and Intangible Assets
Impairment loss on goodwill	$ 0		$ 0
Useful life of purchased customer accounts	13 years
Amortization of Intangible Assets	$ 21	$ 24

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Schedule of future amortization expense for amortizable intangible assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets
2024	$ 58
2025	60
2026	29
2027	21
2028	16
Thereafter	41
Total	$ 225	$ 246	$ 310	$ 334

Deposits (Schedule of deposits)

Deposits (Schedule of deposits) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits
Non-interest bearing demand deposits	$ 236,957	$ 249,793
Interest bearing accounts:
NOW	126,058	125,628
Savings	144,932	146,172
Money market	196,107	190,864
Time certificates of deposit	332,970	318,046
Total interest bearing accounts	800,067	780,710
Total deposits	$ 1,037,024	$ 1,030,503

Deposits (Schedule of contractu

Deposits (Schedule of contractual maturities of time certificates of deposit) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits
Within 1 year	$ 324,632
1 - 2 years	5,115
2 - 3 years	1,561
3 - 4 years	428
4 - 5 years	1,234
Total	$ 332,970	$ 318,046

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits [Line Items]
Total reciprocal deposits	$ 43,488	$ 40,009
Time Deposits, Reciprocal Deposits	27,580	23,357
Money market accounts, reciprocal deposits	15,908	16,652
Brokered Deposits	0	0
Time certificates of deposit in denominations of $250 or greater	$ 100,385	$ 100,063
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	Mar. 31, 2024 USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 108,064
Rate	4.99%
Due in one year	$ 60,000
Long term	48,064
Fixed short-term on April 23, 2024
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.70%
Due in one year	$ 10,000
Fixed short-term on May 17, 2024
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.59%
Due in one year	$ 10,000
Fixed short-term on June 17, 2024
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.60%
Due in one year	$ 10,000
Fixed short-term on July 17, 2024
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.59%
Due in one year	$ 10,000
Fixed Short Term On August 6 , 2024
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.42%
Due in one year	$ 10,000
Fixed Short Term On September 6, 2024
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	5.39%
Due in one year	$ 10,000
Fixed medium-term on March 20, 2025
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
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
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
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
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 November 9, 2026
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 381
Rate	5.04%
Due in one year	$ 0
Long term	381
Fixed medium-term on May 2, 2028
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)	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) subsidiary $ / shares	Dec. 31, 2023 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	$ 108,064,000	$ 128,064,000
Zions Bank
Long-Term Debt And Federal Home Loan Bank [Line Items]
Line of credit, maximum borrowing capacity	10,000,000	10,000,000
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	50,000,000	50,000,000
Line of credit facility, maximum amount outstanding during period	$ 0	$ 0
Subordinated Debt.
Long-Term Debt And Federal Home Loan Bank [Line Items]
Interest rate, variable rate basis	three month term Secured Overnight Financing Rate (“SOFR”)	three month term Secured Overnight Financing Rate (“SOFR”)
Effective interest during period	7.58%	7.64%
Subordinated debt securities	$ 5,155,000
Stated maturity date	May 23, 2035
Subordinated Debt. | SOFR
Long-Term Debt And Federal Home Loan Bank [Line Items]
Interest variable rate	2%	2%
Relative spread adjustment	0.26%	0.26%
Subordinated Debt. | RSB Capital Trust I
Long-Term Debt And Federal Home Loan Bank [Line Items]
Trust term	30 years
Subordinated Debt. | Private placement | RSB Capital Trust I
Long-Term Debt And Federal Home Loan Bank [Line Items]
Number of preferred securities issued			$ 5,000
Common stock issued | shares			155
Common stock, par value (in dollars per share) | $ / shares			$ 1
Federal Home Loan Bank of New York ("FHLBNY")
Long-Term Debt And Federal Home Loan Bank [Line Items]
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	$ 649,283,000	$ 656,516,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	227,899,000	228,172,000
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	Mar. 31, 2024	Dec. 31, 2023
Employee Benefits
Projected and accumulated benefit obligation	$ (17,986)	$ (17,868)
Plan assets at fair value	18,139	18,062
Funded status included in accrued expenses and other liabilities	$ 153	$ 194

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	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Employee Benefits
Interest cost	$ 213	$ 215
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	$ (249)	$ (232)
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	$ 74	$ 93
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	$ 38	$ 76

Employee Benefits (Narrative) (

Employee Benefits (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) fund	Mar. 31, 2023 USD ($)	Dec. 31, 2023 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
Employer contribution	$ 0	$ 0
Percentage of internal revenue contribution	25%
Percentage of internal revenue service limitations	6%
Employer contribution in defined contribution plan	$ 269	286
Accrued expenses and other liabilities	26,968		$ 26,521
Non-interest expense	8,877	9,203
Group Term Replacement Plan
Schedule Of Employee Benefits [Line Items]
Liability related to these postretirement benefits	1,655		1,642
Postemployment benefit expense	13	13
Other Director and Officer Postretirement Benefits
Schedule Of Employee Benefits [Line Items]
Non-interest expense	14	16
Liability related to these postretirement benefits	2,072		2,068
Officers | Executive Plan
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	1,980		1,962
Non-interest expense	45	131
Directors' Plan | Directors
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	3,483		$ 3,278
Non-interest expense	$ 63	$ 51
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	Mar. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 18,139	$ 18,062
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	18,139	18,062
Defined Benefit Pension Plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	12,686	12,293
Defined Benefit Pension Plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	5,453	5,769
Quoted Prices Active Markets for Identical Assets (Level 1) | Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	18,139	18,062
Quoted Prices Active Markets for Identical Assets (Level 1) | Defined Benefit Pension Plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	12,686	12,293
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	$ 5,453	$ 5,769

Employee Benefits (Employee Sto

Employee Benefits (Employee Stock Ownership Plan (ESOP) Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended
	Jan. 01, 2024	Jan. 16, 2019	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of share purchase under ESOP			425,437		425,437
Committed to be allocated			5,454		21,821
Compensation expense			$ 46	$ 49
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	8.50%
Balance of ESOP loan			$ 3,612
Committed to be allocated			21,821
Fair value of unallocated shares			$ 2,720
Compensation expense			$ 46	$ 49

Employee Benefits (Schedule o_4

Employee Benefits (Schedule of employee stock ownership plan) (Details) - shares	Mar. 31, 2024	Dec. 31, 2023
Employee Benefits
Allocated	109,107	87,286
Committed to be allocated	5,454	21,821
Unallocated	321,864	327,318
Paid out to participants	(10,988)	(10,988)
Total shares	425,437	425,437

Employee Benefits (Share-Based

Employee Benefits (Share-Based Compensation Plan Narrative) (Details) - EIP - USD ($) $ in Thousands		3 Months Ended
	May 26, 2020	Mar. 31, 2024	Mar. 31, 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
Allocated share-based compensation expense		$ 0	$ 150
Employee Stock Option [Member]
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		105,146
Aggregate intrinsic value of options outstanding		$ 806
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

Employee Benefits (Summary of o

Employee Benefits (Summary of options) (Details) - EIP - Employee Stock Option [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Number of Shares
Options outstanding at beginning of year	436,263
Options Expired	(1,333)
Options outstanding at end of period	434,930	436,263
Options exercisable at end of period	434,930
Weighted - Average Exercise Price
Weighted - Average Exercise Price, beginning of year	$ 6.62
Weighted - Average Exercise Price, expired	6.57
Weighted - Average Exercise Price, end of period	6.62	$ 6.62
Weighted - Average Exercise Price, exercisable	$ 6.62
Weighted-Average Contractual Term
Weighted-Average Contractual Term, outstanding	6 years 6 months	6 years 7 months 20 days
Weighted-Average Contractual Term, exercisable	6 years 6 months

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) item	Mar. 31, 2023 USD ($)	Dec. 31, 2023 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 7 months 6 days		10 years 9 months 18 days
Weighted average discount rate	2.60%		2.60%
Operating lease costs	$ 182	$ 178
Operating lease ROU	$ 6,157		$ 6,307
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets.		Other Assets.
Operating lease liability	$ 6,218		$ 6,375
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	Mar. 31, 2024	Dec. 31, 2023
Leases
2024	$ 573
2025	739
2026	720
2027	676
2028	677
Thereafter	3,778
Total future minimum lease payments	7,163
Amounts representing interest	(945)
Present value of net future minimum lease payments	$ 6,218	$ 6,375

Commitments and Contingencies_3

Commitments and Contingencies and Derivatives (Schedule of contract amounts represent off-balance sheet credit risk) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset	$ 130,163	$ 134,623
Future loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset	3,401	5,318
Construction
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset	40,747	42,482
Home equity
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset	10,788	10,727
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	70,957	69,258
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset	3,115	4,965
Loans sold with recourse
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments represent off-balance sheet credit risk, asset	$ 1,155	$ 1,873

Commitments and Contingencies_4

Commitments and Contingencies and Derivatives (Schedule of information regarding derivatives) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) contract item	Dec. 31, 2023 USD ($) contract item
Derivative [Line Items]
Accrued interest receivable	$ 4,611	$ 4,616
Interest rate swap
Derivative [Line Items]
Notional amount	88,780	65,420
Fair value	$ 5,735	$ 5,343
Weighted average pay rates	5.03%	5.064%
Weighted average receive rate	7.44%	7.49%
Weighted average maturity (in years)	9 years 14 days	8 years 10 months 17 days
Number of Contracts | contract	16	14
Interest rate swap | Other assets
Derivative [Line Items]
Accrued interest receivable	$ 166	$ 132
Interest rate swap | Other liabilities
Derivative [Line Items]
Accrued interest payable	166	132
Interest rate swap contracts effective in future periods
Derivative [Line Items]
Notional amount	30,560	30,211
Fair value	$ 856	$ 970
Weighted average pay rates	5.75%	4.95%
Number of Contracts | item	4	5

Regulatory Matters (Schedule of

Regulatory Matters (Schedule of actual capital amounts and ratios) (Details) - Rhinebeck Bank $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets) Actual Amount	$ 145,962	$ 144,675
Total capital (to risk-weighted assets) Actual Ratio	0.1299	0.1270
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 89,892	$ 91,154
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	$ 112,366	$ 113,942
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	$ 137,749	$ 136,295
Tier 1 capital (to risk-weighted assets) Actual Ratio	0.1226	0.1196
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 67,419	$ 68,365
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	$ 89,892	$ 91,154
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	$ 137,749	$ 136,295
Common equity tier one capital (to risk weighted assets) Actual Ratio	0.1226	0.1196
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Amount	$ 50,564	$ 51,274
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	$ 73,038	$ 74,062
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	$ 137,749	$ 136,295
Tier 1 capital (to average assets) Actual Ratio	0.1028	0.1010
Tier 1 capital (to average assets) For Capital Adequacy Purposes Amount	$ 53,582	$ 53,990
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	$ 66,977	$ 67,488
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	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 189,236	$ 198,263
Total liabilities	6,591	6,278
Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	182,645	191,985
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	19,143	24,006
U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	124,134	128,580
U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	23,096	23,158
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,882	2,903
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12,734	12,640
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	656	698
Loan level interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6,591	6,278
Total liabilities	6,591	6,278
Quoted Prices Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	19,143	24,006
Quoted Prices Active Markets for Identical Assets (Level 1) | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	19,143	24,006
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	19,143	24,006
Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	169,978	174,142
Total liabilities	6,591	6,278
Significant Observable Inputs (Level 2) | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	163,387	167,864
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	124,134	128,580
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	23,096	23,158
Significant Observable Inputs (Level 2) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,767	2,788
Significant Observable Inputs (Level 2) | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12,734	12,640
Significant Observable Inputs (Level 2) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	656	698
Significant Observable Inputs (Level 2) | Loan level interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6,591	6,278
Total liabilities	6,591	6,278
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	115	115
Significant Unobservable Inputs (Level 3) | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	115	115
Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 115	$ 115

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) - Nonrecurring basis - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	$ 1,189	$ 783
Impaired loans, with specific reserves
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	1,189	758
Ending balance: Loans individually analyzed	390	215
Impaired loans, recorded investments	1,579	973
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value		25
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
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
Quoted Prices Active Markets for Identical Assets (Level 1) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value		0
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
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
Significant Observable Inputs (Level 2) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value		0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	1,189	783
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	$ 1,189	758
Significant Unobservable Inputs (Level 3) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value		$ 25

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	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value	$ 1,189	$ 783
Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value		25
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value	$ 1,189	$ 783
Impaired Loans, Valuation Technique [Extensible List]	Appraisal of collateral	Appraisal of collateral
Other Real Estate Owned, Valuation Technique [Extensible List]		Appraisal of collateral
Significant Unobservable Inputs (Level 3) | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value	$ 1,189	$ 758
Significant Unobservable Inputs (Level 3) | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value		$ 25
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 | Minimum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)		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 | Liquidation expenses | Maximum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)		0.06
Significant Unobservable Inputs (Level 3) | Appraisal of collateral | Appraisal adjustments | Minimum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	0	0
Significant Unobservable Inputs (Level 3) | Appraisal of collateral | Appraisal adjustments | Minimum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)		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
Significant Unobservable Inputs (Level 3) | Appraisal of collateral | Appraisal adjustments | Maximum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)		0.20

Fair Value (Schedule of carryin

Fair Value (Schedule of carrying value and fair values of the financial instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Quoted Prices Active Markets for Identical Assets (Level 1) | Carrying Value
Financial Assets:
Cash and cash equivalents	$ 30,672	$ 22,129
Available for sale securities	19,143	24,006
Quoted Prices Active Markets for Identical Assets (Level 1) | Fair Value
Financial Assets:
Cash and cash equivalents	30,672	22,129
Available for sale securities	19,143	24,006
Significant Observable Inputs (Level 2) | Carrying Value
Financial Assets:
Available for sale securities	163,387	167,864
Loan level interest rate swaps	6,591	6,278
FHLB stock	5,614	6,514
Accrued interest receivable	4,611	4,616
Financial Liabilities:
Deposits	1,037,024	1,030,503
Mortgagors escrow accounts	7,301	9,274
FHLB advances	108,064	128,064
Subordinated debt	5,155	5,155
Loan level interest rate swaps	6,591	6,278
Accrued interest payable	1,681	1,488
Significant Observable Inputs (Level 2) | Fair Value
Financial Assets:
Available for sale securities	163,387	167,864
Loan level interest rate swaps	6,591	6,278
FHLB stock	5,614	6,514
Accrued interest receivable	4,611	4,616
Financial Liabilities:
Deposits	962,985	948,140
Mortgagors escrow accounts	7,301	9,274
FHLB advances	107,057	127,592
Subordinated debt	5,155	5,155
Loan level interest rate swaps	6,591	6,278
Accrued interest payable	1,681	1,488
Significant Unobservable Inputs (Level 3) | Carrying Value
Financial Assets:
Available for sale securities	115	115
Loans, net	993,346	1,008,851
Mortgage servicing rights	1,880	1,977
Significant Unobservable Inputs (Level 3) | Fair Value
Financial Assets:
Available for sale securities	115	115
Loans, net	972,258	979,037
Mortgage servicing rights	$ 4,520	$ 4,720

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of accumulated other comprehensive loss components) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	$ (30,078)		$ (29,498)
Income tax rate	21%	21%
Securities available for sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss Before tax	$ (33,744)		(33,009)
Related deferred tax	7,087		6,932
Total accumulated other comprehensive loss	(26,657)		(26,077)
Defined benefit pension plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss Before tax	(4,330)		(4,330)
Related deferred tax	909		909
Total accumulated other comprehensive loss	$ (3,421)		$ (3,421)

Earnings Per Share - EPS Year O

Earnings Per Share - EPS Year Over Year (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stock	$ 1,121	$ 798
Average number of common shares outstanding	11,072,607	11,228,299
Less: Average unearned ESOP shares	324,601	346,414
Average number of common shares outstanding used to calculate basic earnings per common share	10,748,006	10,881,885
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share		34,822
Additional common stock equivalents (stock options) used to calculate diluted earnings per share	96,281	104,688
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share	10,844,287	11,021,395
Earnings per Common share:
Basic (in dollars per share)	$ 0.10	$ 0.07
Diluted (in dollars per share)	$ 0.10	$ 0.07
Employee Stock Option [Member]
Earnings per Common share:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,121	$ 798

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false