LINKBANCORP (LNKB) 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 12, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Entity Central Index Key	0001756701
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Registrant Name	LINKBANCORP, Inc.
Entity File Number	333-255908
Entity Tax Identification Number	82-5130531
Entity Incorporation, State or Country Code	PA
Entity Address, Address Line One	3045 Market Street
Entity Address, City or Town	Camp Hill
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17011
City Area Code	855
Local Phone Number	569-2265
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		9,838,435

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Noninterest-bearing cash equivalents	$ 7,563	$ 8,620
Interest-bearing deposits with other institutions	55,433	13,970
Cash and cash equivalents	62,996	22,590
Certificates of deposit with other banks	11,088	12,828
Securities available for sale, at fair value	85,756	103,783
Securities held to maturity (Fair value of $28,290 and $0, respectively)	28,816
Loans held for sale		3,860
Loans receivable, net of allowance for loan losses of $3,890 at June 30, 2022, and $3,152 at December 31, 2021	786,516	711,664
Investments in restricted bank stock	2,567	2,685
Premises and equipment, net	7,915	5,289
Right-to-Use Asset – Premises	4,513	4,680
Bank-owned life insurance	19,012	18,787
Goodwill and other intangible assets	37,020	37,152
Deferred tax asset	5,777	4,038
Accrued interest receivable and other assets	7,909	5,407
TOTAL ASSETS	1,059,885	932,763
Deposits:
Total deposits	902,373	771,665
Other borrowings	1,639	19,814
Subordinated debt	40,585	20,696
Operating lease liabilities	4,513	4,680
Accrued interest payable and other liabilities	6,004	6,285
TOTAL LIABILITIES	955,114	823,140
COMMITMENTS AND CONTINGENT LIABILITIES (Note 10)
SHAREHOLDERS' EQUITY
Preferred stock (At June 30, 2022 and December 31, 2021: no par value; 5,000,000 shares authorized; no shares issued and outstanding.)
Common stock (At June 30, 2022 and December 31, 2021: $0.01 par value; 25,000,000 shares authorized; 9,838,435 and 9,826,435 shares issued and outstanding, respectively.)	99	99
Surplus	83,070	82,910
Retained earnings	26,491	24,836
Accumulated other comprehensive (loss) income	(4,889)	1,778
TOTAL SHAREHOLDERS' EQUITY	104,771	109,623
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,059,885	932,763
Demand, noninterest bearing
Deposits:
Total deposits	184,345	129,243
Interest bearing
Deposits:
Total deposits	$ 718,028	$ 642,422

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Held-to-maturity, fair value	$ 28,290	$ 0
Allowance for loan losses	$ 3,890	$ 3,152
Preferred Stock, Par or Stated Value Per Share	$ 0	$ 0
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	25,000,000	25,000,000
Common Stock, Shares, Issued	9,838,435	9,826,435
Common Stock, Shares, Outstanding	9,838,435	9,826,435

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
INTEREST AND DIVIDEND INCOME
Loans receivable, including fees	$ 8,114	$ 2,695	$ 15,877	$ 5,371
Investment securities and certificates of deposit:
Taxable	587	299	863	612
Exempt from federal income tax	298	302	589	607
Other	96	37	149	67
Total interest and dividend income	9,095	3,333	17,478	6,657
INTEREST EXPENSE
Deposits	818	462	1,483	966
Other borrowings	2	4	24	11
Subordinated debt	422	0	641	0
Total interest expense	1,242	466	2,148	977
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	7,853	2,867	15,330	5,680
Provision for loan losses	395	44	675	91
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	7,458	2,823	14,655	5,589
NONINTEREST INCOME
Service charges on deposit accounts	218	147	428	341
Bank-owned life insurance	114	50	225	95
Net realized gains on the sales of debt securities, available for sale	0	0	13	0
Gain on sale of loans	153	81	333	271
Other	211	366	409	507
Total noninterest income	696	644	1,408	1,214
NONINTEREST EXPENSE
Salaries and employee benefits	3,722	1,143	7,378	2,246
Occupancy	433	113	907	275
Equipment and data processing	595	230	1,192	468
Professional fees	307	70	535	293
FDIC insurance	138	29	342	59
Bank shares tax	201	86	384	173
Other	846	421	1,604	616
Total noninterest expense	6,242	2,092	12,342	4,130
Income before income tax expense	1,912	1,375	3,721	2,673
Income tax expense	306	202	591	375
NET INCOME	$ 1,606	$ 1,173	$ 3,130	$ 2,298
EARNINGS PER SHARE, BASIC	$ 0.16	$ 0.21	$ 0.32	$ 0.40
EARNINGS PER SHARE, DILUTED	0.16	0.21	0.31	0.40
DIVIDENDS PAID PER SHARE	$ 0.075	$ 0.04	$ 0.150	$ 0.08
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING,
BASIC	9,836,984	5,691,686	9,831,739	5,691,686
DILUTED	9,913,477	5,691,686	9,983,742	5,691,686

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 1,606	$ 1,173	$ 3,130	$ 2,298
Components of other comprehensive (loss) income:
Unrealized holding (loss) gain on available-for-sale securities	(3,262)	500	(8,427)	(520)
Tax effect	685	(105)	1,770	108
Net of tax amount	(2,577)	395	(6,657)	(412)
Reclassification adjustment for debt securities gains realized in net income	0	0	(13)	0
Tax effect	0	0	3	0
Net of tax amount	0	0	(10)	0
Total comprehensive (loss) income	(2,577)	395	(6,667)	(412)
Total comprehensive (loss) income	$ (971)	$ 1,568	$ (3,537)	$ 1,886

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands		Total	Common Stock [Member]	Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Beginning Balance at Dec. 31, 2020	[1]	$ 50,674	$ 57	$ 21,604	$ 26,009	$ 3,192	$ (188)
Beginning Balance,shares at Dec. 31, 2020	[1]		5,715,950
Net income		2,298			2,298
Dividends declared		(484)			(484)
Other comprehensive (loss) income		(412)				(412)
Ending Balance at Jun. 30, 2021		52,076	$ 57	21,604	27,823	2,780	(188)
Ending Balance, Shares at Jun. 30, 2021			5,715,950
Beginning Balance at Mar. 31, 2021	[1]	50,750	$ 57	21,604	26,892	2,385	(188)
Beginning Balance,shares at Mar. 31, 2021	[1]		5,715,950
Net income		1,173			1,173
Dividends declared	[1]	(242)			(242)
Other comprehensive (loss) income		395				395
Ending Balance at Jun. 30, 2021		52,076	$ 57	21,604	27,823	2,780	$ (188)
Ending Balance, Shares at Jun. 30, 2021			5,715,950
Beginning Balance at Dec. 31, 2021		109,623	$ 99	82,910	24,836	1,778
Beginning Balance,shares at Dec. 31, 2021			9,826,435
Net income		3,130			3,130
Dividends declared		(1,475)			(1,475)
Exercise of stock options		120		120
Exercise of stock options, shares			12,000
Stock option expenses		40		40
Other comprehensive (loss) income		(6,667)				(6,667)
Ending Balance at Jun. 30, 2022		104,771	$ 99	83,070	26,491	(4,889)
Ending Balance, Shares at Jun. 30, 2022			9,838,435
Beginning Balance at Mar. 31, 2022		106,340	$ 99	82,930	25,623	(2,312)
Beginning Balance,shares at Mar. 31, 2022			9,826,435
Net income		1,606			1,606
Dividends declared		(738)			(738)
Exercise of stock options		120		120
Exercise of stock options, shares			12,000
Stock option expenses		20		20
Other comprehensive (loss) income		(2,577)				(2,577)
Ending Balance at Jun. 30, 2022		$ 104,771	$ 99	$ 83,070	$ 26,491	$ (4,889)
Ending Balance, Shares at Jun. 30, 2022			9,838,435
[1] Common Stock Shares, Common Stock Amount, Surplus, and Dividends per share amount have been retrospectively adjusted to reflect the effect of the recapitalization due to the Merger, which has been accounted for as a reverse acquisition.

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Common stock dividend per share declared	$ 0.075	$ 0.04	$ 0.15	$ 0.08

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES
Net income	$ 3,130	$ 2,298
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Provision for loan losses	675	91
Depreciation	384	109
Amortization of intangible assets	132	27
(Accretion) amortization of premiums and (discounts) , net	(683)	750
Origination of loans to be sold	(3,659)	(8,226)
Proceeds from loan sales	3,992	9,512
Gain on sale of loans	(333)	(271)
Share-based and deferred compensation	349	0
Bank-owned life insurance income	(225)	(95)
Gain on sale of debt securities, available for sale	(13)	0
Change in accrued interest receivable and other assets	(2,356)	(789)
Change in accrued interest payable and other liabilities	(590)	914
Net cash provided by operating activities	803	4,320
Investment securities available for sale:
Proceeds from sales	513	0
Proceeds from calls and maturities	1,150	1,155
Proceeds from principal repayments	7,271	10,804
Purchases	0	(14,192)
Investment securities held to maturity
Proceeds from principal repayments	628	0
Purchases	(29,389)	0
Purchase of certificates of deposit with other banks	0	(249)
Proceeds from redemptions of certificates of deposit with other banks	1,740	2,730
Purchase of restricted investment in bank stocks	(999)	(439)
Redemption of restricted investment in bank stocks	1,117	138
Increase in loans, net	(70,596)	(12,481)
Proceeds from death benefit under bank-owned life insurance	0	190
Purchase of premises and equipment	(3,010)	0
Net cash used for investing activities	(91,575)	(12,344)
FINANCING ACTIVITIES
Increase in deposits, net	130,708	1,176
Change in Short-term borrowings, net	(18,175)	282
Proceeds from issuance of subordinated debt	20,000	0
Repayments of other borrowings	0	(1,120)
Issuance of shares from exercise of stock options	120	0
Dividends paid	(1,475)	(484)
Net cash provided by (used in) financing activities	131,178	(146)
Increase (decrease) in cash and cash equivalents	40,406	(8,170)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	22,590	33,162
CASH AND CASH EQUIVALENTS AT END OF PERIOD	62,996	24,992
SUPPLEMENTAL CASH FLOW DISCLOSURES
Interest	1,926	1,032
Income taxes	$ 200	$ 425

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting and reporting policies applied in the presentation of the accompanying consolidated financial statements follows: Nature of Operations LINKBANCORP, Inc. (the "Company" or "LINKBANCORP") is a bank holding company that operates The Gratz Bank (the "Bank"). The Company was incorporated on April 6, 2018 , under the laws of the Commonwealth of Pennsylvania. The Company was formed with the intent of becoming a bank holding company through acquisition of a bank. On September 17, 2018, the Pennsylvania Department of Banking and Securities (the "PADOBS") approved the acquisition of 100 percent of the shares of Stonebridge Bank. LINKBANCORP purchased 100 percent of the outstanding shares of Stonebridge Bank, from its former parent company Stonebridge Financial Corp. under section 363 of the Bankruptcy Code. LINKBANCORP subsequently renamed the bank LINKBANK. On December 10, 2020, the Company and its wholly owned subsidiary, LINKBANK, and GNB Financial Services, Inc. (“GNBF”), and its wholly owned subsidiary, The Gratz Bank (the "Bank”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which GNBF merged with and into the Company, with the Company as the surviving corporation. LINKBANK merged with and into The Gratz Bank, with The Gratz Bank as the surviving institution. The merger was consummated effective September 18, 2021 (collectively, the "Merger"). Additionally, as part of the Merger, the Company acquired 100 % ownership of GNB Investments, Inc., a Delaware investment company which was wholly-owned by GNB Financial Services, Inc. at the time of Merger. The Bank is a full-service commercial bank providing personal and business lending and deposit services. The Bank’s operations are conducted from its ten Solutions Centers located in Dauphin, Chester, Cumberland, Lancaster, Northumberland, and Schuylkill Counties within Pennsylvania. The Company’s corporate office resides in Camp Hill, Pennsylvania. As a state chartered, non-Federal Reserve member bank, the Bank is subject to regulation and supervision by the PADOBS and the Federal Deposit Insurance Corporation (the "FDIC"). The Company is regulated by the Federal Reserve Bank of Philadelphia. The Bank’s deposits are insured up to the applicable limits by the FDIC. Basis of Presentation The merger of GNBF with and into the Company was accounted for as a reverse acquisition using the acquisition method of accounting, in accordance with the provisions of FASB ASC 805 Business Combinations. As such, GNBF was the accounting acquirer and LINKBANCORP was the accounting acquiree. Accordingly, GNBF's historical financial statements are the historical financial statements of the combined company for all periods prior to September 18, 2021 (the "Merger Date"). The Company’s results of operations for the first half of 2022 include the results of operations of the combined company after the Merger Date. Results for periods before the Merger Date reflect only those consolidated results of GNBF and do not include the results of operations of LINKBANCORP. The number of shares issued and outstanding, earnings per share, additional paid-in capital, dividends paid and all references to share quantities of the Company have been retrospectively adjusted to reflect the equivalent number of shares issued to holders of GNBF common stock in the Merger. The assets and liabilities of LINKBANCORP as of the Merger Date have been recorded at their estimated fair value and added to those of GNBF. See Note 2. Merger for further information. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. The accounting and reporting practices of the Company conform to accounting principles generally accepted in the United States of America (GAAP) and to general practices within the banking industry. The Company has evaluated events and transactions occurring subsequent to the consolidated balance sheet date of June 30, 2022 for items that should potentially be recognized or disclosed in these unaudited condensed consolidated financial statements. The evaluation was conducted through the date these unaudited condensed consolidated financial statements were issued. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during 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 allowance for loan losses, and the valuation of deferred tax assets. Interim Financial Information The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 . Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Bank is generally amortizing these amounts over the contractual life of the loan. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. The loans receivable portfolio is segmented into commercial and consumer loans. Commercial loans consist of the following classes: agriculture, commercial and industrial, commercial real estate, and municipal. Consumer loans consist of the following classes: residential real estate, and other consumer. The loan segments are based on collateral type. The accrual of interest on all portfolio classes, including troubled debt restructurings, is discontinued at the time the loan is more than ninety days delinquent unless the loan is well collateralized and in process of collection. Nonaccrual loans are reviewed for charge-off if more than ninety-days past due, except for residential loans and consumer loans. Residential loans are reviewed at 180 days and consumer loans are reviewed at 120 days past due. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered unlikely. All interest accrued but not collected for loans placed on nonaccrual or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. In addition, a loan should be in accordance with the contractual terms for a reasonable period, usually requiring a payment history of six months. Recent Accounting Pronouncements Not Yet Adopted In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This standard simplifies the test for goodwill impairment by eliminating the requirement to calculate the implied fair value of goodwill, which currently is Step 2 of the goodwill impairment test. Instead the goodwill impairment test will consist of a single quantitative step comparing the fair value of the reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The new standard is effective for annual and any interim goodwill impairment tests in reporting periods beginning after December 15, 2022. The adoption of this standard is not expected to have a material effect on the Company's operating results or financial condition. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments, which changes the impairment model for most financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. This model is also applicable to off-balance sheet credit exposures not accounted for as insurance, such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments. In addition, the amendments in ASU 2016-03 require credit losses on available-for-sale debt securities to be presented as a valuation allowance rather than as a direct write down. This Update is intended to improve financial reporting by requiring more timely recording of credit losses on these financial instruments. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. With certain exceptions, transition to the new requirements will be through a cumulative-effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. This Update is effective for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is evaluating the impact of ASU 2016-13 and has individuals from multiple disciplines working with a third-party vendor solution to assist with the application of ASU 2016-13, which includes historical data validation, methodology selection, and the development of policies, procedures and appropriate internal controls. The Company expects to recognize a one-time cumulative-effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements, but recognizes that the impact of adoption and implementation could be material to the consolidated financial statements and related footnote disclosures. The Company anticipates the magnitude of the adoption of ASU 2016-13 and its related amendments will be influenced by the composition, characteristics, and quality of its loan and investment securities portfolios, and economic conditions and forecasts as of the date of adoption. For debt securities with other-than-temporary impairment ("OTTI"), the guidance will be applied prospectively. Existing PCI assets will be grandfathered and classified as purchased credit deteriorated ("PCD") assets at the date of adoption. The asset will be grossed up for the allowance for expected losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in the expected credit losses will be recorded through the allowance. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which added to ASU 2020-04 on optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate. Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls “reference rate reform” if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Also, entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain criteria are met, and can make a onetime election to sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. The Company has identified our loan receivables that have an interest rate indexed to LIBOR and is currently assessing the appropriate transition path. As such, the Company does not have an estimate of the financial impact of this update but does not expect the impact to be material to the financial statements of the Company. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses: Troubled Debt Restructurings and Vintage Disclosures, which eliminates accounting guidance for troubled debt restructurings ("TDRs") by creditors that have adopted ASU 2016-13 and its related amendments. The amendments require that an entity evaluate whether the loan modification represents a new loan or a continuation of an existing loan, and introduce new requirements related to modifications made to borrowers experiencing financial difficulty. The amendments also require public business entities to disclose current-period gross write-offs for financing receivables by year of origination in the vintage disclosures. For entities that have adopted ASU 2016-13, the amendments in this ASU are effective for fiscal years beginning after December 15, 2022. For entities that have not adopted ASU 2016-13, the amendments in this update are effective at the time the entity adopts ASU 2016-13. The adoption of this standard is not expected to have a material effect on the Company's operating results or financial condition.

Merger

Merger	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Merger	2. MERGER Effective September 18, 2021 the Company completed its merger with GNBF by acquiring 100 % of the outstanding common shares of GNBF. Pursuant to the Merger Agreement, GNBF merged with and into LINKBANCORP with LINKBANCORP as the surviving corporation. Additionally, LINKBANK, the wholly owned subsidiary of LINKBANCORP merged with and into The Gratz Bank, a wholly owned subsidiary of GNBF with The Gratz Bank as the surviving bank subsidiary of the Company. This transaction, in total, is herein referred to as the Merger. The Merger constituted a business combination and was accounted for as a reverse acquisition using the acquisition method of accounting, in accordance with the provisions of FASB ASC 805 Business Combinations. As such, GNBF was the accounting acquirer and LINKBANCORP was the accounting acquiree and the historical financial statements of the combined company are the historical financial statements of GNBF. Under the Merger Agreement, GNBF shareholders had the opportunity to elect to receive $ 87.68 per share in cash or 7.3064 of LINKBANCORP common shares for each share they owned. The Merger agreement provided for proration procedures intended to ensure that, in the aggregate, at least 80 % of the GNBF common shares outstanding be exchanged for LINKBANCORP common stock. The Merger was effective on September 18, 2021 , with the GNBF shareholders collectively electing to receive cash for 14.865 % of their shares and LINKBANCORP common shares for 85.135 % of existing GNBF shares. These elections resulted in LINKBANCORP issuing 4.85 million common shares to GNBF shareholders which represented approximately 49.4 % of the post-merger outstanding common shares of the Company. In accordance with FASB ASC 805-40-30-2, the fair value consideration of a reverse acquisition is determined based on a number of hypothetical equity interest the legal acquiree would have had to issue to give the owners of the legal acquirer the same percentage equity interest in the combined entity that results from the reverse acquisition. The total fair value consideration was $ 71.5 million which consisted of $ 54.0 million for the fair value of common stock issued, $ 10.1 million in cash consideration and $ 7.4 million for the fair value of LINKBANCORP options and warrants. The consideration assigned to cash and common stock in this reverse acquisition was determined based on the hypothetical number of equity interests that GNBF would have had to issue to give LINKBANCORRP shareholders a 50.62 % ownership, the same percentage equity interest in the combined entity that results from the reverse acquisition. The allocation of the consideration assigned to cash and common stock was allocated between the actual cash to be paid by the legal acquirer with the resultant amount being assigned to common equity. The following table summarizes the fair value consideration paid for GNBF as of the date of acquisition: (Dollars in thousands except per share amounts) Total GNBF common shares outstanding 779,000 GNBF shares outstanding exchanged for LINKBANCORP, Inc. common stock 663,240 GNBF shares outstanding exchanged for cash 115,760 Exchange Ratio 7.3064 LINKBANCORP, Inc. shares to be issued to GNBF shareholders 4,845,897 LINKBANCORP, Inc. Shares currently outstanding 4,968,550 Total LINKBANCORP, Inc. shares to be outstanding 9,814,447 GNBF pro forma common share % ownership 49.38 % LINKBANCORP, Inc. pro forma common share % ownership 50.62 % Reverse Acquisition Hypothetical Purchase Price Consideration GNBF shares outstanding exchanged for LINKBANCORP, Inc. common stock 663,240 Ownership % to be owned by current GNBF shareholders 49.38 % Hypothetical GNBF shares outstanding based on GNBF % ownership 1,343,267 Ownership % by legacy LINKBANCORP, Inc. shareholders 50.62 % Hypothetical GNBF shares to be issued as consideration 680,027 Fair value of GNBF shares (LINKBANCORP, Inc. fair value per share of $ 12.90 as of 9/17/2021 multiplied by the exchange rate) $ 94.25 Purchase price assigned to hypothetical GNBF shares issued to LINKBANCORP, Inc. shareholders $ 64,094 LINKBANCORP, Inc. options and warrants 1,962,484 Fair value per options and warrants $ 3.76 Purchase price assigned to LINKBANCORP, Inc. options and warrants 7,379 Total purchase price consideration $ 71,473 Pro Forma Purchase Price Allocation Between Stock & Cash: Cash consideration $ 10,077 Common Stock 61,396 Total Purchase Price For Accounting Purposes $ 71,473 The Company accounts for business combinations under the acquisition method in accordance with ASC Topic 805, Business Combinations. Accordingly, for each transaction, the purchase price is allocated to the fair value of the assets acquired and liabilities assumed as of the date of the acquisition. In conjunction with the adoption of ASU 2015-16, upon receipt of final fair value estimates during the measurement period, which must be within one year of the acquisition date, the Company records any adjustments to the preliminary fair value estimates in the reporting period in which the adjustments are determined. The Company is continuing to finalize the fair values of loans, intangible assets, and income taxes. As a result, the recorded fair value adjustments are preliminary and may change as additional information becomes available. Based on management's preliminary valuation of tangible and intangible assets acquired and liabilities assumed, the purchase price for the Merger is allocated in the table below. Total Consideration in the Merger $ 71,473 Calculated Fair Value of Assets Acquired Cash and cash equivalents $ 49,962 Securities available for sale 3,111 Loans 415,905 Premises and equipment 2,087 Right-of-use asset 4,544 Intangible assets 1,246 Investment in bank owned life insurance 4,784 Deferred taxes 3,675 Other assets 4,394 Total Assets Acquired 489,708 Calculated Fair Value of Liabilities Assumed Deposits 391,160 Long term borrowings 33,034 Subordinated debt 20,740 Operating lease liabilities 4,544 Other liabilities 2,265 Total Liabilities Assumed 451,743 Net Assets Acquired 37,965 Goodwill From the Merger $ 33,508 The following table summarizes the Merger as of September 18, 2021: Total Consideration in the Merger $ 71,473 LINKBANCORP, Inc. stockholders’ equity $ 43,124 LINKBANCORP, Inc. goodwill and intangibles ( 1,353 ) Fair Value Adjustments: Loans Interest rate ( 1,521 ) General credit ( 6,346 ) Credit adjustment for loans acquired with deteriorated credit quality ( 1,243 ) Remove existing deferred loan fees, net at acquisition 1,192 Remove the allowance for loan losses present at acquisition 4,953 Intangible assets 1,146 Other assets ( 991 ) Time deposits ( 231 ) Subordinated debt ( 765 ) 37,965 Goodwill From the Merger $ 33,508 Pursuant to the accounting requirements, the Company assigned a fair value to the assets acquired and liabilities assumed of LINKBANCORP ASC 820 defines fair value as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” The assets acquired and liabilities assumed in the acquisition of LINKBANCORP were recorded at their estimated fair values based on management’s best estimates using information available at the date of the acquisition and are subject to adjustment for up to one year after the closing date of the acquisition. While the fair values are not expected to be materially different from the estimates, any material adjustments to the estimates will be reflected, retroactively, as of the date of the acquisition. The items most susceptible to adjustment are the fair value adjustments on loans, core deposit intangible and the deferred income tax assets resulting from the acquisition. Fair values of the major categories of assets acquired and liabilities assumed were determined as follows: Investment securities available-for-sale The estimated fair values of the investment securities available for sale, primarily comprised of U.S. Government agency mortgage-backed securities were determined using Level 1 and Level 2 inputs in the fair value hierarchy. A fair value premium of $ 96 thousand was recorded and will be amortized over the estimated life of the investments using the interest rate method. Loans Acquired loans (performing and non-performing) are initially recorded at their acquisition-date fair values using Level 3 inputs. Fair values are based on a discounted cash flow methodology that involves assumptions and judgments as to credit risk, expected lifetime losses, environmental factors, collateral values, discount rates, expected payments and expected prepayments. Specifically, the Company has prepared three separate loan fair value adjustments that it believed a market participant might employ in estimating the entire fair value adjustment for the acquired loan portfolio. The three fair value adjustments employed were for loans acquired without evidence of credit quality deterioration, the Company prepared the interest rate loan fair value and credit fair value adjustments and for ASC 310-30 purchased credit impaired loans a specific credit fair value adjustment was made. The acquired loans were recorded at fair value at the acquisition date without carryover of LINKBANCORP's previously established allowance for loan losses. The fair value of the financial assets acquired included loans receivable with an unpaid principal balance of $ 425.0 million. The table below illustrates the fair value adjustments made to the amortized cost basis in order to present the fair value of the loans acquired. Unpaid principal balance at Merger $ 425,015 Interest rate fair value adjustment on pools of homogeneous loans ( 1,520 ) Credit fair value adjustment on pools of homogeneous loans ( 6,347 ) Credit fair value adjustment on purchased credit impaired loans ( 1,243 ) Fair value of acquired loans $ 415,905 For loans acquired without evidence of credit quality deterioration were grouped into homogeneous pools by characteristics such as loan type, term, collateral, and rate. Market rates for similar loans were obtained from various internal and external data sources. From each pool a monthly expected cash flow was prepared that incorporated expected monthly payments, impact of prepayments and expected monthly net charge-offs. A discounted cash flow was calculated for each pool to estimate the fair value. In this analysis the fair value adjustment was bifurcated into two components an interest rate fair value adjustment and a general credit fair value adjustment. Additionally, it is noted the credit fair value adjustment incorporated assumptions for: 1) expected lifetime credit migration losses; and 2) estimated fair value adjustment for certain qualitative factors. Both the interest rate and credit fair value adjustments relate to loans acquired with evidence of credit quality deterioration will be substantially recognized as interest income on a level yield amortization method over the expected life of the loans. For loans acquired with evidence of credit quality deterioration, ASC 310-30 loans, the fair value was calculated with a non-accretable fair value discount based on an adjusted collateral value and if there was a collateral shortfall a non-accretable discount was established. This non-accretable discount would not be amortized for GAAP purposes. In additional an accretable yield fair value discount was created to reflect the time value of money a market participant would discount the loan for the time it would take to recover the adjusted collateral value. The accretable yield fair value will be recognized over the workout period of the loan on a level yield basis as a component of interest income. The following table presents the acquired purchased credit impaired loans receivable at the Merger Date: Contractual principal and interest at Merger $ 8,509 Nonaccretable difference ( 2,716 ) Expected cash flows at Merger 5,793 Accretable yield ( 409 ) Fair value of purchased credit impaired loans $ 5,384 Facilities Leases The Company assumed leases on four facilities of LINKBANCORP. The Company believed that the current lease costs were at market terms therefore no fair value adjustment is needed. LINKBANCORP did not operate any owned facilities. Core Deposit Intangible The fair value of the core deposit intangible was determined based on a discounted cash flow analysis using a discount rate commensurate with market participants. To calculate cash flows, deposit account servicing costs (net of deposit fee income) and interest expense on deposits were compared to the higher cost of alternative funding sources available through national brokered CD offering rates and FHLB advance rates. The projected cash flows were developed using expected deposit attrition. The core deposit intangible will be amortized over ten years using the sum-of-years digits method. Time Deposits The fair value adjustment for time deposits was based on a discounted cash flow methodology of the contract rates and contractual repayments of fixed maturity deposits using prevailing market interest rates for similar-term time deposits. The time deposit fair value adjustment will be amortized into income on a level yield amortization method over the contractual life of the deposits. Long Term Borrowings The Company reviewed the cost of the borrowings to market interest rates for similar instruments and believed that the rates were comparable and that no fair value adjustment was recorded. Subordinated Debt The fair value of the subordinated debt was determined using a discounted cash flow method using a market participant discount rate for similar instruments. The subordinated debt fair value adjustment will be amortized into income on a level yield amortization method based upon the assumed market rate and the term of the subordinated debt. Pro Forma Combined Results of Operations The following pro forma financial information presents the consolidated results of operations of GNBF and LINKBANCORP as if the Merger occurred as of January 1, 2021 with pro forma adjustments. The pro forma adjustments give effect to any change in interest income due to the accretion of discounts (premiums) associated with the fair value adjustments of acquired loans, any change in interest expense due to estimated premium amortization/discount accretion associated with the fair value adjustments to acquired time deposits and other debt, and the amortization of the core deposit intangible that would have resulted had the deposits been acquired as of January 1, 2021. Merger related expenses incurred by the Company during the three and six months ended June 30, 2021 are not reflected in the pro forma amounts. The pro forma information does not necessarily reflect the results of operations that would have occurred had GNBF merged with LINKBANCORP at the beginning of 2021. The pro forma amounts for the three and six months ended June 30, 2021 do not reflect the anticipated cost savings that had not yet been realized. For the Three Months Ended June 30, For the Six Months Ended June 30, (Dollars in thousands) 2021 2021 Net interest income $ 7,381 $ 13,737 Non-interest income 803 1,483 Net income 2,280 6,502 Basic earnings per common share $ 0.23 $ 0.66 Diluted earnings per common share $ 0.22 $ 0.64

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	3. INVESTMENT SECURITIES The amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale are summarized as follows: June 30, 2022 (In Thousands) Amortized Gross Gross Fair Available for Sale: Small Business Administration loan pools $ 706 $ - $ ( 13 ) $ 693 Obligations of state and political subdivisions 44,389 50 ( 3,446 ) 40,993 Mortgage-backed securities in government-sponsored entities 46,847 3 ( 2,780 ) 44,070 $ 91,942 $ 53 $ ( 6,239 ) $ 85,756 Held to Maturity: Corporate debentures $ 9,993 $ — $ ( 241 ) $ 9,752 Structured mortgage-backed securities 18,823 - ( 285 ) 18,538 $ 28,816 $ — $ ( 526 ) $ 28,290 December 31, 2021 (In Thousands) Amortized Gross Gross Fair Available for Sale: Small Business Administration loan pools $ 1,099 $ - $ ( 15 ) $ 1,084 Obligations of state and political subdivisions 46,115 2,405 ( 38 ) 48,482 Mortgage-backed securities in government-sponsored entities 54,239 382 ( 404 ) 54,217 $ 101,453 $ 2,787 $ ( 457 ) $ 103,783 The following tables show the Company's gross unrealized losses and fair value, aggregated by investment category and length of time the individual debt securities have been in a continuous unrealized loss position. June 30, 2022 Less Than Twelve Months Twelve Months or Greater Total (In Thousands) Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss Available for Sale: Small Business Administration loan pools $ - $ - $ 693 $ ( 13 ) $ 693 $ ( 13 ) Obligations of state and political subdivisions 35,196 ( 3,326 ) 313 ( 120 ) 35,509 ( 3,446 ) Mortgage-backed securities in government-sponsored entities 32,614 ( 1,808 ) 10,603 ( 972 ) 43,217 ( 2,780 ) $ 67,810 $ ( 5,134 ) $ 11,609 $ ( 1,105 ) $ 79,419 $ ( 6,239 ) Held to Maturity: Corporate debentures $ 9,752 $ ( 241 ) $ - $ - $ 9,752 $ ( 241 ) Structured mortgage-backed securities 18,538 ( 285 ) - - 18,538 ( 285 ) $ 28,290 $ ( 526 ) $ — $ — $ 28,290 $ ( 526 ) December 31, 2021 Less Than Twelve Months Twelve Months or Greater Total (In Thousands) Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss Available for Sale: Small Business Administration loan pools $ - $ - $ 1,084 $ ( 15 ) $ 1,084 $ ( 15 ) Obligations of state and political subdivisions 3,189 ( 38 ) - - 3,189 ( 38 ) Mortgage-backed securities in government-sponsored entities 23,420 ( 266 ) 4,687 ( 102 ) 28,107 ( 368 ) $ 26,609 $ ( 304 ) $ 5,771 $ ( 117 ) $ 32,380 $ ( 421 ) The Company reviews its position quarterly and believes that as of June 30, 2022 and December 31, 2021 , the declines outlined in the above tables represent temporary declines, and the Company does not intend to sell, and does not believe it will be required to sell, these debt securities before recovery of their cost basis, which may be at maturity. There were 162 and 41 available for sale debt securities with unrealized losses at June 30, 2022 and December 31, 2021 , respectively. There were 9 and zero held to maturity debt securities with unrealized losses at June 30, 2022 and December 31, 2021, respectively. The Company has concluded that the unrealized losses disclosed above are not other than temporary, but are the result of interest rate changes that are not expected to result in the noncollection of principal and interest during the year. As of June 30, 2022, amortized cost and fair value by contractual maturity, where applicable, are shown below. Actual maturities may differ from contractual maturities because the borrower may have the right to prepay obligations with or without penalty. Available for Sale Securities Held to Maturity Securities (In Thousands) Amortized Fair Amortized Fair Due within one year $ 95 $ 95 $ - $ - Due after one year through five years 5,554 5,535 3,000 2,965 Due after five years through ten years 11,983 11,532 6,993 6,787 Due after ten years 29,872 26,757 - - Mortgage-backed securities and Collateralized Mortgage Obligations 44,438 41,837 18,823 18,538 $ 91,942 $ 85,756 $ 28,816 $ 28,290 The following table summarizes sales of debt securities for the three and six months ended June 30, 2022. There were no sales of debt securities for the three and six months ended June 30, 2021. (In Thousands) For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2022 Proceeds $ — $ 513 Gross gains — 13 Gross losses — — Net gain $ — $ 13 The Company had pledged debt securities with a carrying value of $ 37,869 and $ 45,300 to secure public monies as of June 30, 2022 and December 31, 2021 , respectively.

Loans Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]
Loans Receivable	4. LOANS RECEIVABLE The portfolio segments and classes of loans are as follows: (In Thousands) June 30, 2022 December 31, 2021 Agriculture loans $ 7,710 $ 9,341 Commercial loans 88,452 98,604 Paycheck Protection Program ("PPP") loans 2,527 23,774 Commercial real estate loans 435,588 338,749 Residential real estate loans 241,401 231,302 Consumer and other loans 8,689 7,087 Municipal loans 5,814 6,182 790,181 715,039 Deferred costs (fees) 225 ( 223 ) Allowance for loan losses ( 3,890 ) ( 3,152 ) Total $ 786,516 $ 711,664 The Company originates commercial, residential, and consumer loans within its primary market areas of southcentral and southeastern Pennsylvania. A significant portion of the loan portfolio is secured by real estate. In the normal course of business, the Company extends loans to officers, directors, and corporations in which they are beneficially interested as stockholders, officers, or directors. The balance of these loans and extensions of credit totaled $ 2,785 and $ 10,631 as of June 30, 2022 and December 31, 2021 , respectively.

Allowances for Loan Losses

Allowances for Loan Losses	6 Months Ended
	Jun. 30, 2022
Allowance for Credit Loss [Abstract]
Allowances for Loan Losses	90 Agriculture loans $ 154 $ - $ - $ 154 $ 7,556 $ - $ 7,710 $ - Commercial and PPP loans - 21 - 21 90,958 - 90,979 - Commercial real estate loans 460 140 - 600 430,623 4,365 435,588 - Residential real estate loans 1,467 210 338 2,015 239,386 - 241,401 - Consumer loans 15 2 - 17 8,672 - 8,689 - Municipal loans - - - 5,814 - 5,814 - Total $ 2,096 $ 373 $ 338 $ 2,807 $ 783,009 $ 4,365 $ 790,181 $ - December 31, 2021 (In Thousands) 30-59 60-89 90 Days Total Current Purchased Credit Impaired Loans Total Total > 90 Agriculture loans $ 83 $ - $ - $ 83 $ 9,258 $ - $ 9,341 $ - Commercial and PPP loans 66 - - 66 121,800 512 122,378 - Commercial real estate loans 245 - - 245 334,110 4,394 338,749 - Residential real estate loans 1,427 211 869 2,507 228,145 650 231,302 762 Consumer loans 31 2 - 33 7,054 - 7,087 - Municipal loans - - - - 6,182 - 6,182 - Total $ 1,852 $ 213 $ 869 $ 2,934 $ 706,549 $ 5,556 $ 715,039 $ 762 Impaired Loans The following tables present the recorded investment and unpaid principal balances for impaired loans and related allowance, if applicable. Also presented are the average recorded investments and the related amount of interest recognized during the time within the period that the impaired loans were impaired. As of June 30, 2022 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Agriculture loans $ 200 $ 200 $ — Commercial loans 2,451 2,471 — Commercial real estate loans 2,501 2,501 — Residential real estate loans 3,145 3,269 — Consumer loans — — — Municipal loans — — — With an allowance recorded: Agriculture loans $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — Residential real estate loans — — — Consumer loans — — — Municipal loans — — — Total Agriculture loans $ 200 $ 200 $ — Commercial loans 2,451 2,471 — Commercial real estate loans 2,501 2,501 — Residential real estate loans 3,145 3,269 — Consumer loans — — — Municipal loans — — — $ 8,297 $ 8,441 $ — As of December 31, 2021 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Agriculture loans $ — $ — $ — Commercial loans 42 61 — Commercial real estate loans — — — Residential real estate loans 709 779 — Consumer loans — — — Municipal loans — — — With an allowance recorded: Agriculture loans $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — Residential real estate loans — — — Consumer loans — — — Municipal loans — — — — — — Total Agriculture loans $ — $ — $ — Commercial loans 42 61 — Commercial real estate loans — — — Residential real estate loans 709 779 — Consumer loans — — — Municipal loans — — — $ 751 $ 840 $ — For the Three Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Recognized Average Interest Income Recognized With no related allowance recorded: Agriculture loans $ 237 $ 3 $ — $ — Commercial loans 4,706 66 — — Commercial real estate loans 455 4 — — Residential real estate loans 3,143 23 213 4 Consumer loans — — — — Municipal loans — — — — 8,541 96 213 4 With an allowance recorded: Agriculture loans $ — $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — — Residential real estate loans — — — — Consumer loans — — — — Municipal loans — — — — - - - - Total $ 8,541 $ 96 $ 213 $ 4 For the Six Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Average Interest Income With no related allowance recorded: Agriculture loans $ 242 $ 6 $ — $ — Commercial loans 4,935 132 — — Commercial real estate loans 461 9 — — Residential real estate loans 3,171 48 225 8 Consumer loans — — — Municipal loans — — — $ 8,809 $ 195 $ 225 $ 8 With an allowance recorded: Agriculture loans $ — $ — $ — $ — Commercial loans — — — — Commercial real estate loans — — — — Residential real estate loans — — — — Consumer loans — — — — Municipal loans — — — — - - - - Total $ 8,809 $ 195 $ 225 $ 8 The following table presents nonaccrual loans by classes of the loan portfolio: (In Thousands) June 30, December 31, Commercial loans $ 36 $ 39 Commercial real estate loans 137 144 Residential real estate loans 1,321 449 Consumer loans — 2 Total $ 1,494 $ 634 Approximately $ 435,588 or 55.1 % of the Bank’s loan portfolio was in commercial real estate loans at June 30, 2022 . While the Bank does not have a concentration of credit risk with any single borrower or industry, repayments on loans in these portfolios can be negatively influenced by decreases in real estate values. The Bank mitigates this risk through conservative underwriting policies and procedures. In addition, $ 165,203 of real estate-commercial loans were owner occupied properties as of June 30, 2022. These types of loans are generally considered to involve less risk than nonowner-occupied mortgages. At June 30, 2022 and December 31, 2021 , the carrying amount of borrowings secured by loans pledged to the FHLB under its blanket lien was $ 0 and $ 1,120 , respectively. Loan Modifications and Troubled Debt Restructurings (TDRs) A loan is considered to be a TDR loan when the Company grants a concession to the borrower because of the borrower’s financial condition that it would not otherwise consider. Such concessions include the reduction of interest rates, forgiveness of principal or interest, or other modifications of interest rates that are less than the current market rate for new obligations with similar risk. The Bank may grant a concession or modification for economic or legal reasons related to a borrower’s financial condition that it would not otherwise consider resulting in a modified loan which is then identified as a troubled debt restructuring (TDR). The Bank may modify loans through rate reductions, extensions of maturity, interest only payments, or payment modifications to better match the timing of cash flows due under the modified terms with the cash flows from the borrowers’ operations. Loan modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. TDRs are considered impaired loans for purposes of calculating the Bank’s allowance for loan losses. The Bank identifies loans for potential restructure primarily through direct communication with the borrower and evaluation of the borrower’s financial statements, revenue projections, tax returns, and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions, and negative trends may result in a payment default in the near future. As of June 30, 2022 and December 31, 2021 , the Company had no loans identified as TDRs. There were also no new loan modifications during the periods that were considered TDRs. " id="sjs-B4" xml:space="preserve">5. ALLOWANCE FOR LOAN LOSSES The segments of the Company’s loan portfolio are disaggregated to a level that allows management to monitor risk and performance. The loan segments used are consistent with the internal reports evaluated by the Company’s management and Board of Directors to monitor risk and performance within various segments of its loan portfolio and, therefore, no further disaggregation is considered necessary. The Company’s loan portfolio consists primarily of real estate loans on commercial and residential property. The portfolio also includes agricultural loans, commercial loans, municipal loans, and consumer loans. The Company’s primary lending activity is the origination of commercial loans extended to small and mid-sized commercial and industrial entities. Commercial loans are primarily underwritten on the basis of the borrowers’ ability to service such debt from income. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. As a general practice, the Company takes as collateral a security interest in any equipment, or other chattel, although loans may also be made on an unsecured basis. Collateralized working capital loans typically are secured by short-term assets whereas long-term loans are primarily secured by long-term assets. Construction and Land loans are to finance the construction of owner-occupied and income producing properties. These loans are categorized within commercial or one-to-four family residential loans based upon the underlying collateral and intended use following the completion of the construction period. Real estate development and construction loans are approved based on an analysis of the borrower and guarantor, the viability of the project and on an acceptable percentage of the appraised value of the property securing the loan. Construction loan funds are disbursed periodically based on the percentage of construction or development completed. The Company carefully monitors these loans with on-site inspections and requires the receipt of lien waivers on funds advanced. The Company considers the market conditions and feasibility of proposed projects, the financial condition and reputation of the borrower and guarantors, the amount of the borrower’s equity in the project, independent appraisals, cost estimates and pre-construction sale information. The Company also makes loans on occasion for the purchase of land for future development by the borrower. Land loans are extended for the future development for either commercial or residential use by the borrower. The Company carefully analyzes the intended use of the property and the viability thereof. The Company’s commercial real estate loans consist of mortgage loans secured by nonresidential real estate, such as by apartment buildings, small office buildings, and owner-occupied properties. Commercial real estate loans are secured by the subject property and are underwritten based on loan to value limits, cash flow coverage and general creditworthiness of the obligors. These loans tend to involve larger loan balances and their repayment is typically dependent upon the successful operation and management of the underlying real estate. Residential real estate loans are underwritten based on the borrower’s repayment capacity and source, value of the underlying property, credit history and stability. These loans are secured by a first or second mortgage on the borrower’s principal residence or their second/vacation home (excluding investment/rental property). In addition to the main types of loans discussed above, the Company also originates agricultural loans, consumer loans, and municipal loans. The agricultural loan portfolio consists of loans to local farmers and agricultural businesses that are generally secured by farmland and equipment. The consumer loan portfolio consists of lending in the form of home equity loans secured by financed property and personal consumer loans, which may be secured or unsecured. The municipal loan portfolio consists of loans to qualified local municipalities, which are generally supported by the taxing authority of the borrowing municipality, and is frequently secured by collateral. Management has an established methodology to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses the Company has segmented certain loans in the portfolio by product type. Loans are segmented into the following pools: agriculture loans, commercial real estate loans, commercial loans, residential real estate loans, consumer loans, and municipal loans. Historical loss percentages for each risk category are calculated and used as the basis for calculating allowance allocations. These historical loss percentages are calculated over a four-year period for all portfolio segments. Certain qualitative factors are then added to the historical allocation percentage to get the adjusted factor to be applied to non-classified loans. The following qualitative factors are analyzed for each portfolio segment: • Levels of and trends in delinquencies • Trends in volume and terms • Changes in collateral • Changes in management and lending staff • Economic trends • Concentrations of credit • Changes in lending policies • External factors • Changes in underwriting process • Trends in credit quality ratings These qualitative factors are reviewed each quarter and adjusted based upon relevant changes within the portfolio. The total allowance reflects management’s estimate of loan losses inherent in the loan portfolio at the Consolidated Balance Sheet date. The Company considers the allowance for loan losses adequate to cover loan losses inherent in the loan portfolio at June 30, 2022 and December 31, 2021. The following table summarizes the activity in the allowance for loan losses by loan class for the three month periods ended June 30, 2022 and 2021. Agriculture Commercial Commercial Residential Consumer Municipal Unallocated Total (In Thousands) For the Three Months Ended June 30, 2022 Allowance for loan losses: Beginning balance $ 20 $ 585 $ 1,070 $ 1,728 $ 13 $ 15 $ 12 $ 3,443 Charge-offs - ( 1 ) ( 1 ) - - - - ( 2 ) Recoveries - 5 - 49 — - - 54 Provision ( 3 ) ( 83 ) 717 ( 230 ) 8 ( 2 ) ( 12 ) 395 Ending balance $ 17 $ 506 $ 1,786 $ 1,547 $ 21 $ 13 $ 0 $ 3,890 For the Three Months Ended June 30, 2021 Allowance for loan losses: Beginning balance $ 105 $ 315 $ 315 $ 1,674 $ 24 $ 18 $ 336 $ 2,787 Charge-offs — — — — — — — — Recoveries — 19 — 25 — — — 44 Provision ( 7 ) 18 25 ( 29 ) ( 1 ) ( 2 ) 40 44 Ending balance $ 98 $ 352 $ 340 $ 1,670 $ 23 $ 16 $ 376 $ 2,875 The following table summarizes the activity in the allowance for loan losses by loan class for the six month periods ended June 30, 2022 and 2021. Agriculture Commercial and PPP Commercial Residential Consumer Municipal Unallocated Total (In Thousands) For the Six Months Ended June 30, 2022 Allowance for loan losses: Beginning balance $ 23 $ 582 $ 799 $ 1,634 $ 22 $ 15 $ 77 $ 3,152 Charge-offs - ( 1 ) ( 1 ) - - - - ( 2 ) Recoveries — 7 — 56 2 — — 65 Provision ( 6 ) ( 82 ) 988 ( 143 ) ( 3 ) ( 2 ) ( 77 ) 675 Ending balance $ 17 $ 506 $ 1,786 $ 1,547 $ 21 $ 13 $ 0 $ 3,890 For the Six Months Ended June 30, 2021 Allowance for loan losses: Beginning balance $ 120 $ 290 $ 314 $ 1,702 $ 35 $ 18 $ 310 $ 2,789 Charge-offs — — — ( 49 ) ( 3 ) — — ( 52 ) Recoveries — 19 — 27 1 — — 47 Provision ( 22 ) 43 26 ( 10 ) ( 10 ) ( 2 ) 66 91 Ending balance $ 98 $ 352 $ 340 $ 1,670 $ 23 $ 16 $ 376 $ 2,875 The increase in the allowance for loan losses allocated to the commercial real estate loans can be attributed to the risk associated with the increased balances in commercial real estate loans. The decreased allocation in the allowance for loan losses allocated to residential real estate loans can be attributed to an increased balance of loans individually assessed for impairment as of June 30, 2022, which required no reserve based on the estimated recoverable value of collateral in comparison to the outstanding balance due on these credits. Please see the "Credit Quality Information" section below for further details. The following table illustrates the balance of loans individually evaluated vs. collectively evaluated for impairment at June 30, 2022 and December 31, 2021. Agriculture Commercial and PPP Commercial Residential Consumer Municipal Unallocated Total (In Thousands) As of June 30, 2022 Allowance for loan losses: Ending balance $ 17 $ 506 $ 1,786 $ 1,547 $ 21 $ 13 $ 0 $ 3,890 Ending balance: individually $ — $ — $ — $ — $ — $ — $ — $ — Ending balance: collectively evaluated $ 17 $ 506 $ 1,786 $ 1,547 $ 21 $ 13 $ 0 $ 3,890 Loans: Ending balance $ 7,710 $ 90,979 $ 435,588 $ 241,401 $ 8,689 $ 5,814 $ 790,181 Ending balance: individually $ 200 $ 2,451 $ 2,501 $ 3,145 $ — $ — $ 8,297 Ending balance: loans acquired with deteriorated credit $ — $ 601 $ 4,369 $ 597 $ — $ — $ 5,567 Ending balance: collectively evaluated $ 7,510 $ 87,927 $ 428,718 $ 237,659 $ 8,689 $ 5,814 $ 776,317 Agriculture Commercial and PPP Commercial Residential Consumer Municipal Unallocated Total (In Thousands) As of December 31, 2021 Allowance for loan losses: Ending balance $ 23 $ 582 $ 799 $ 1,634 $ 22 $ 15 77 $ 3,152 Ending balance: individually $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated $ 23 $ 582 $ 799 $ 1,634 $ 22 $ 15 77 $ 3,152 Loans: Ending balance $ 9,341 $ 122,378 $ 338,749 $ 231,302 $ 7,087 $ 6,182 $ 715,039 Ending balance: individually $ - $ 42 $ - $ 709 $ - $ - $ 751 Ending balance: loans acquired with deteriorated credit $ - $ 512 $ 4,394 $ 650 $ - $ - $ 5,556 Ending balance: collectively evaluated $ 9,341 $ 121,824 $ 334,355 $ 229,943 $ 7,087 $ 6,182 $ 708,732 The Company evaluated whether loans acquired in the Merger were within the scope of ASC 310-30, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality. Purchased credit-impaired loans ("PCI") are loans that have evidence of credit deterioration since origination and it is probable at the date of acquisition that the Company will not collect all contractually required principal and interest payments. The fair value of purchased credit-impaired loans, on the acquisition date, was determined, primarily based on the fair value of loan collateral. The carrying value of purchased loans acquired with deteriorated credit quality as a result of the Merger was $ 5,249 and $ 5,556 at June 30, 2022 and December 31, 2021, respectively. On the acquisition date, the preliminary estimate of the unpaid principal balance for all PCI loans acquired through the Merger was $ 6,627 and the estimated fair value of the loans was $ 5,384 . Total contractually required payments on these loans, including interest, at acquisition was $ 8,509 . The Company's preliminary estimate of expected cash flows was $ 5,793 at the acquisition date. The Company established a credit risk related non-accretable discount of $ 2,716 relating to these impaired loans, reflected in the recorded net fair value. The Company further estimated the timing and amount of expected cash flows in excess of the estimated fair value and established an accretable discount of $ 409 relating to these impaired loans. The following table provides activity for the accretable yield of PCI loans for the three and six months ended June 30, 2022: (In Thousands) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Accretable yield, beginning of period $ 206 $ 307 Additions — — Accretion of income ( 25 ) ( 126 ) Reclassifications from nonaccretable difference due to improvement in expected cash flows — — Other changes, net — — Accretable yield, end of period $ 181 $ 181 Credit Quality Information The following tables represent credit exposures by internally assigned grades as of June 30, 2022 and December 31, 2021. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. The Company’s internally assigned grades are as follows: Pass – loans that are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. There are four sub-grades within the Pass category to further distinguish the loan. Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful – loans classified as Doubtful have all the weaknesses inherent in a Substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. Loss – loans classified as a Loss are considered uncollectible and are immediately charged against allowances. The following table presents the classes of the loan portfolio summarized by the internal risk rating system as of June 30, 2022 and December 31, 2021: (In Thousands) Special As of June 30, 2022 Pass Mention Substandard Doubtful Total Agriculture loans $ 7,510 $ - $ 200 $ - $ 7,710 Commercial and PPP loans 86,141 1,785 3,053 - 90,979 Commercial real estate loans 428,458 310 4,743 2,077 435,588 Residential real estate loans 236,123 1,453 3,202 623 241,401 Consumer loans 8,689 - - - 8,689 Municipal loans 5,814 - - - 5,814 Total $ 772,735 $ 3,548 $ 11,198 $ 2,700 $ 790,181 (In Thousands) Special As of December 31, 2021 Pass Mention Substandard Doubtful Total Agriculture loans $ 9,341 $ - $ - $ - $ 9,341 Commercial and PPP 117,918 3,757 703 - 122,378 Commercial real estate loans 332,156 2,077 4,516 - 338,749 Residential real estate loans 228,664 1,657 981 - 231,302 Consumer loans 7,087 - - - 7,087 Municipal loans 6,182 - - - 6,182 Total $ 701,348 $ 7,491 $ 6,200 $ - $ 715,039 The following tables present an aging analysis of the recorded investment of past-due loans. June 30, 2022 (In Thousands) 30-59 60-89 90 Days Total Current Purchased Credit Impaired Loans Total Total > 90 Agriculture loans $ 154 $ - $ - $ 154 $ 7,556 $ - $ 7,710 $ - Commercial and PPP loans - 21 - 21 90,958 - 90,979 - Commercial real estate loans 460 140 - 600 430,623 4,365 435,588 - Residential real estate loans 1,467 210 338 2,015 239,386 - 241,401 - Consumer loans 15 2 - 17 8,672 - 8,689 - Municipal loans - - - 5,814 - 5,814 - Total $ 2,096 $ 373 $ 338 $ 2,807 $ 783,009 $ 4,365 $ 790,181 $ - December 31, 2021 (In Thousands) 30-59 60-89 90 Days Total Current Purchased Credit Impaired Loans Total Total > 90 Agriculture loans $ 83 $ - $ - $ 83 $ 9,258 $ - $ 9,341 $ - Commercial and PPP loans 66 - - 66 121,800 512 122,378 - Commercial real estate loans 245 - - 245 334,110 4,394 338,749 - Residential real estate loans 1,427 211 869 2,507 228,145 650 231,302 762 Consumer loans 31 2 - 33 7,054 - 7,087 - Municipal loans - - - - 6,182 - 6,182 - Total $ 1,852 $ 213 $ 869 $ 2,934 $ 706,549 $ 5,556 $ 715,039 $ 762 Impaired Loans The following tables present the recorded investment and unpaid principal balances for impaired loans and related allowance, if applicable. Also presented are the average recorded investments and the related amount of interest recognized during the time within the period that the impaired loans were impaired. As of June 30, 2022 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Agriculture loans $ 200 $ 200 $ — Commercial loans 2,451 2,471 — Commercial real estate loans 2,501 2,501 — Residential real estate loans 3,145 3,269 — Consumer loans — — — Municipal loans — — — With an allowance recorded: Agriculture loans $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — Residential real estate loans — — — Consumer loans — — — Municipal loans — — — Total Agriculture loans $ 200 $ 200 $ — Commercial loans 2,451 2,471 — Commercial real estate loans 2,501 2,501 — Residential real estate loans 3,145 3,269 — Consumer loans — — — Municipal loans — — — $ 8,297 $ 8,441 $ — As of December 31, 2021 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Agriculture loans $ — $ — $ — Commercial loans 42 61 — Commercial real estate loans — — — Residential real estate loans 709 779 — Consumer loans — — — Municipal loans — — — With an allowance recorded: Agriculture loans $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — Residential real estate loans — — — Consumer loans — — — Municipal loans — — — — — — Total Agriculture loans $ — $ — $ — Commercial loans 42 61 — Commercial real estate loans — — — Residential real estate loans 709 779 — Consumer loans — — — Municipal loans — — — $ 751 $ 840 $ — For the Three Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Recognized Average Interest Income Recognized With no related allowance recorded: Agriculture loans $ 237 $ 3 $ — $ — Commercial loans 4,706 66 — — Commercial real estate loans 455 4 — — Residential real estate loans 3,143 23 213 4 Consumer loans — — — — Municipal loans — — — — 8,541 96 213 4 With an allowance recorded: Agriculture loans $ — $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — — Residential real estate loans — — — — Consumer loans — — — — Municipal loans — — — — - - - - Total $ 8,541 $ 96 $ 213 $ 4 For the Six Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Average Interest Income With no related allowance recorded: Agriculture loans $ 242 $ 6 $ — $ — Commercial loans 4,935 132 — — Commercial real estate loans 461 9 — — Residential real estate loans 3,171 48 225 8 Consumer loans — — — Municipal loans — — — $ 8,809 $ 195 $ 225 $ 8 With an allowance recorded: Agriculture loans $ — $ — $ — $ — Commercial loans — — — — Commercial real estate loans — — — — Residential real estate loans — — — — Consumer loans — — — — Municipal loans — — — — - - - - Total $ 8,809 $ 195 $ 225 $ 8 The following table presents nonaccrual loans by classes of the loan portfolio: (In Thousands) June 30, December 31, Commercial loans $ 36 $ 39 Commercial real estate loans 137 144 Residential real estate loans 1,321 449 Consumer loans — 2 Total $ 1,494 $ 634 Approximately $ 435,588 or 55.1 % of the Bank’s loan portfolio was in commercial real estate loans at June 30, 2022 . While the Bank does not have a concentration of credit risk with any single borrower or industry, repayments on loans in these portfolios can be negatively influenced by decreases in real estate values. The Bank mitigates this risk through conservative underwriting policies and procedures. In addition, $ 165,203 of real estate-commercial loans were owner occupied properties as of June 30, 2022. These types of loans are generally considered to involve less risk than nonowner-occupied mortgages. At June 30, 2022 and December 31, 2021 , the carrying amount of borrowings secured by loans pledged to the FHLB under its blanket lien was $ 0 and $ 1,120 , respectively. Loan Modifications and Troubled Debt Restructurings (TDRs) A loan is considered to be a TDR loan when the Company grants a concession to the borrower because of the borrower’s financial condition that it would not otherwise consider. Such concessions include the reduction of interest rates, forgiveness of principal or interest, or other modifications of interest rates that are less than the current market rate for new obligations with similar risk. The Bank may grant a concession or modification for economic or legal reasons related to a borrower’s financial condition that it would not otherwise consider resulting in a modified loan which is then identified as a troubled debt restructuring (TDR). The Bank may modify loans through rate reductions, extensions of maturity, interest only payments, or payment modifications to better match the timing of cash flows due under the modified terms with the cash flows from the borrowers’ operations. Loan modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. TDRs are considered impaired loans for purposes of calculating the Bank’s allowance for loan losses. The Bank identifies loans for potential restructure primarily through direct communication with the borrower and evaluation of the borrower’s financial statements, revenue projections, tax returns, and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions, and negative trends may result in a payment default in the near future. As of June 30, 2022 and December 31, 2021 , the Company had no loans identified as TDRs. There were also no new loan modifications during the periods that were considered TDRs.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2022
Deposits [Abstract]
Deposits	6. DEPOSITS Deposit accounts are summarized as follows: June 30, December 31, (In Thousands) Amount % Amount % Demand, noninterest-bearing $ 184,345 20.43 % $ 129,243 16.75 % Demand, interest-bearing 269,493 29.86 256,258 33.21 Money market and savings 235,411 26.09 205,843 26.68 Time deposits, $250 and over 55,507 6.15 56,266 7.29 Time deposits, other 157,617 17.47 124,055 16.08 $ 902,373 100.0 % $ 771,665 100.0 % Within time deposits, other, there were $ 20,000 and $ 0 in brokered deposits outstanding at June 30, 2022 and December 31, 2021 , respectively.

Borrowings and Subordinated Deb

Borrowings and Subordinated Debentures	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Borrowings and Subordinated Debentures	7. BORROWINGS AND SUBORDINATED DEBENTURES Borrowings and subordinated debt was as follows: (in Thousands) June 30, December 31, Long-term FHLB advances $ — $ — Subordinated Debt 40,585 20,696 Federal Reserve PPPLF 1,639 19,814 Total $ 42,224 $ 40,510 On April 8, 2022, LINKBANCORP entered into Subordinated Note Purchase Agreements (the “Agreements”) with certain institutional accredited investors (the “Purchasers”) and, pursuant to the Agreements, issued to the Purchasers $ 20,000 in aggregate principal amount of its 4.50 % Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”). The investors included a related party entity that is controlled by a member of the Board of Directors of the Company, which purchased $ 7,000 in principal amount of the note. During the three months ended June 30, 2022, the Company contributed $ 15,000 of the subordinated note proceeds to the Bank as equity capital, the impact of which, can be seen within Note 10 Regulatory Capital Requirements later in this document. The Notes are intended to qualify at the holding company level as Tier 2 capital under the capital guidelines of the Federal Reserve Board. The Notes, which mature on April 15, 2032 , bear interest at a fixed annual rate of 4.50 % for the period up to but excluding April 15, 2027 (the “Fixed Interest Rate Period”). From April 15, 2027 until maturity or redemption (the “Floating Interest Rate Period”), the interest rate will adjust to a floating rate equal to a benchmark rate, which is expected to be the then-current three-month Secured Overnight Financing Rate (SOFR), plus 203 basis points. The Company will pay interest in arrears semi-annually during the Fixed Interest Rate Period and quarterly during the Floating Interest Rate Period. The Notes constitute unsecured and subordinated obligations of the Company and rank junior in right of payment to any senior indebtedness and obligations to general and secured creditors. Subject to limited exceptions, the Company cannot redeem the Notes before the fifth anniversary of the issuance date. The Agreements and Notes contain customary subordination provisions, representations and warranties, covenants, and events of default. The Bank has available unsecured lines of credit, with interest based on the daily Federal Funds rate, with four correspondent banks totaling $ 51,000 at June 30, 2022 . There were no borrowings under these lines of credit at June 30, 2022 and December 31, 2021 .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. FAIR VALUE MEASUREMENTS Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in an estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts The Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-ends and have not been re-evaluated 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 the amounts reported at each year-end. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the fair value measurements accounting guidance (FASB ASC 820, Fair Value Measurements ), the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The Company uses a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value guidance establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: The following disclosures show the hierarchal disclosure framework associated with the level of pricing observations utilized in measuring assets and liabilities at fair value. The three broad levels of pricing are as follows: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. This hierarchy requires the use of observable market data when available. The estimated fair values of the Company’s financial instruments that are not required to be measured or reported at fair value are as follows: At June 30, 2022 At December 31, 2021 (In Thousands) Carrying Fair Carrying Fair Financial assets: Cash and cash equivalents (Level 1) $ 62,996 $ 62,996 $ 22,590 $ 22,590 Certificates of deposit with other banks (Level 3) 11,088 11,088 12,828 12,828 Securities held to maturity (Level 2) 28,816 28,290 — — Loans (Level 3) 786,516 774,687 711,664 705,706 Accrued interest receivable (Level 1) 3,797 3,797 3,022 3,022 Restricted investments in bank stock (Level 1) 2,567 2,567 2,685 2,685 Cash surrender value of life insurance (Level 1) 19,012 19,012 18,787 18,787 Financial liabilities: Non-maturity deposits (Level 1) 689,249 689,249 591,344 591,344 Time Deposits (Level 3) 213,124 210,984 180,321 180,485 Other borrowings (Level 3) 1,639 1,639 19,814 19,819 Subordinated Notes (Level 3) 40,585 38,026 20,696 20,696 Accrued interest payable (Level 1) 325 325 103 103 The following tables present the assets reported on the Consolidated Balance Sheet at their fair value on a recurring basis as of June 30, 2022 and December 31, 2021, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s available-for-sale investment securities are reported at fair value. These securities are valued by an independent third party. The valuations are based on market data. They utilize evaluated pricing models that vary by asset and incorporate available trade, bid and other market information. For securities that do not trade on a daily basis, their evaluated pricing applications apply available information such as benchmarking and matrix pricing. The market inputs normally sought in the evaluation of securities include benchmark yields, reported trades, broker/dealer quotes (only obtained from market makers or broker/dealers recognized as market participants), issuer spreads, two-sided markets, benchmark securities, bid, offers and reference data. For certain securities additional inputs may be used or some market inputs may not be applicable. Inputs are prioritized differently on any given day based on market conditions. June 30, 2022 (In Thousands) Level I Level II Level III Total Assets: Small Business Administration loan pools $ — $ 693 $ — $ 693 Obligations of state and political subdivisions — 40,993 — 40,993 Mortgage backed securities — 44,070 — 44,070 Total $ — $ 85,756 $ — $ 85,756 December 31, 2021 (In Thousands) Level I Level II Level III Total Assets: Small Business Administration loan pools $ — $ 1,084 $ — $ 1,084 Obligations of state and political subdivisions — 48,482 — 48,482 Mortgage backed securities — 54,217 — 54,217 Total $ — $ 103,783 $ — $ 103,783 For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used as of June 30, 2022 and December 31, 2021 are presented in the table below. June 30, 2022 (In Thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 8,297 $ 8,297 December 31, 2021 (In Thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 751 $ 751 Loans Held for Sale $ — $ — $ 3,860 $ 3,860 The following tables provide information describing the valuation processes used to determine nonrecurring fair value measurements categorized within Level III of the fair value hierarchy: June 30, 2022 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Unobservable Range (Weighted Impaired loans $ 8,297 Appraisal of (1 ) Liquidation 10 % December 31, 2021 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Unobservable Range (Weighted Impaired loans $ 751 Appraisal of (1 ) Liquidation 10 % Loans Held for Sale $ 3,860 Appraisal of (1 ) Liquidation of collateral 15 % (1) Fair value is generally determined through independent appraisals of the underlying collateral, which include various Level III inputs that are not identifiable. Appraisals may be adjusted by management for qualitative factors, such as economic conditions, aging, and/or estimated liquidation expenses incurred when selling the collateral. The range and weighted average of appraisal adjustments and liquidation expenses are presented as a percentage of the appraisal.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	9. STOCK-BASED COMPENSATION On May 14, 2019, the Company’s shareholders approved the LINKBANCORP, Inc. 2019 Equity Incentive Plan (the “Plan”). The Plan authorizes the issuance or delivery to participants of up to 450,000 shares of LINKBANCORP common stock pursuant to grants of incentive and non-statutory stock options. The Plan is administered by the members of LINKBANCORP’s Compensation Committee (the "Committee"). Unless the Committee specifies a different vesting schedule, awards under the Plan shall be granted with a vesting rate of 20 percent per year. Vesting may be accelerated under certain conditions or at the discretion of the Committee at any time. Employees and directors of LINKBANCORP or its subsidiaries are eligible to receive awards under the plan, except that nonemployees may not be granted incentive stock options. Stock options are either “incentive” stock options or “nonqualified” stock options. Incentive stock options have certain tax advantages and must comply with the requirements of Section 422 of the Internal Revenue Code. The table below provides details of the Company's stock options at June 30, 2022. Number Weighted- Weighted- Aggregate Outstanding, December 31, 2021 421,500 $ 10.46 7.9 $ 780 Granted — Expired/terminated ( 5,600 ) 12.00 8.3 Exercised ( 12,000 ) 10.00 — Outstanding, June 30, 2022 403,900 $ 10.86 7.4 $ — Exercisable at period end 195,700 $ 10.08 7.1 $ — The exercise prices for options outstanding as of June 30, 2022 ranged from $ 10.00 to $ 14.50 . Because the stock options issued by the Company historically relate to LINKBANK employees and given the reverse acquisition accounting described in Note 1 paired with the timing of the Merger between the Company and GNBF, the Company recognized no compensation expense during the six months ended June 30, 2021. The Company recognized compensation expense of $ 39 during the six months ended June 30, 2022. At June 30, 2022, the total unrecognized stock-based compensation costs totaled $ 169 and will be recognized ratably as expense through December 31, 2026. On May 26, 2022, the Company's shareholders approved the LINKBANCORP, Inc. 2022 Equity Incentive Plan (the "2022 Equity Incentive Plan"). The Plan authorizes the issuance or delivery to participants of up to 475,000 shares of the Company's common stock pursuant to grants of restricted stock, restricted stock units, stock options, and non-qualified stock options. The Plan is administered by the members of LINKBANCORP’s Compensation Committee (the "Committee"). At least 95 % of the awards under the 2022 Equity Incentive Plan will vest no earlier than one year after the grant date.

Regulatory Capital Requirements

Regulatory Capital Requirements	6 Months Ended
	Jun. 30, 2022
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Regulatory Capital Requirements	10. REGULATORY CAPITAL REQUIREMENTS The Bank is subject to various regulatory capital requirements administered by the Federal Deposit Insurance Corporation and the Pennsylvania Department of Banking and Securities. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated 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. The Bank is subject to regulatory capital requirements administered by banking agencies. Capital adequacy guidelines and prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings, and other factors and the regulators can lower classifications in certain cases. Failure to meet various capital requirements can initiate regulatory action that could have a direct material effect on the financial statements. As of June 30, 2022, the Bank has met all capital adequacy requirements to which it is subject. The prompt corrective action regulations provide five classifications, including well capitalized, adequately capitalized, under-capitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If an institution is adequately capitalized, regulatory approval is required before the institution may accept brokered deposits. If an institution is undercapitalized, capital distributions are limited, as is asset growth and expansion, and plans for capital restoration are required. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of Common Equity Tier 1 capital to risk-weighted assets above the minimum but below the conservation buffer will face limitations on dividends, stock repurchases and certain discretionary bonus payments to management based on the amount of the shortfall. Under Basel III rules, banks must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The required capital conservation buffer is 2.50 %. The following tables present actual and required capital ratios as of June 30, 2022 and December 31, 2021 under the Basel III Capital Rules. Bank capital levels required to be considered well capitalized are based upon prompt corrective action regulations. June 30, 2022 December 31, 2021 (In Thousands) Amount Ratio Amount Ratio Total capital (to risk-weighted assets) Actual $ 101,598 12.42 % $ 81,355 11.50 % For capital adequacy purposes 65,422 8.00 56,578 8.00 To be well capitalized 81,777 10.00 70,722 10.00 Tier 1 capital (to risk-weighted assets) Actual $ 97,654 11.94 % $ 77,904 11.02 % For capital adequacy purposes 49,066 6.00 42,433 6.00 To be well capitalized 65,422 8.00 56,578 8.00 Common equity (to risk-weighted assets) Actual $ 97,654 11.94 % $ 77,904 11.02 % For capital adequacy purposes 36,800 4.50 31,825 4.50 To be well capitalized 53,155 6.50 45,969 6.50 Tier 1 capital (to average assets) Actual $ 97,654 10.10 % $ 77,904 8.85 % For capital adequacy purposes 38,657 4.00 35,230 4.00 To be well capitalized 48,321 5.00 44,038 5.00 The federal banking agencies, including the FDIC, issued a rule pursuant to The Economic Growth, Regulatory Relief and Consumer Protection Act of 2018 to establish for institutions with assets of less than $ 10 billion a “community bank leverage ratio” (the ratio of a bank’s tier 1 capital to average total consolidated assets) of 9 % that qualifying institutions may elect to use in lieu of the generally applicable leverage and risk-based capital requirements under Basel III. If an election to use the community bank leverage ratio capital framework is made, a qualifying bank with less than $ 10 billion in assets with capital exceeding the specified community bank leverage ratio is considered compliant with all applicable regulatory capital and leverage requirements, including the requirement to be “well capitalized.” As of June 30, 2022 and December 31, 2021, the Bank had not elected to be subject to the alternative framework. Federal and state banking regulations place certain restrictions on dividends paid by the Bank. The Pennsylvania Banking Code provides that cash dividends may be declared and paid out of accumulated net earnings. In addition, dividends paid by the Bank would be prohibited if the effect thereof would cause the Bank’s capital to be reduced below applicable minimum capital requirements. Loans or advances by the Bank to the Company are limited to 10 percent of the Bank’s capital stock and surplus and must have collateral securing the loans or advances.

Financial Instruments With Off-

Financial Instruments With Off-Balance Sheet Risk	6 Months Ended
	Jun. 30, 2022
Financial Instruments With Off Balance Sheet Risk [Abstract]
Financial Instruments With Off-Balance Sheet Risk	11. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making and monitoring commitments and conditional obligations as it does for on-balance sheet instruments. As of June 30, 2022 and December 31, 2021 , the Company has a reserve related to credit losses for off-balance sheet instruments of $ 54 , which is included in other liabilities. At June 30, 2022 and December 31, 2021, the following financial instruments were outstanding whose contract amounts represent credit risk: (In Thousands) June 30, December 31, Unfunded commitments under lines of credit: Home equity loans $ 36,193 $ 17,774 Commercial real estate, construction, and land development 29,012 20,609 Commercial and industrial 115,107 100,440 Other 8,797 6,244 Total $ 189,109 $ 145,067 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. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include personal or commercial real estate, accounts receivable, inventory, and equipment.

Earning Per Share

Earning Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earning per share	12. EARNINGS PER SHARE The following table sets forth the composition of earnings per share: (In Thousands, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income $ 1,606 $ 1,173 $ 3,130 $ 2,298 Basic weighted average common shares outstanding 9,836,984 5,691,686 9,831,739 5,691,686 Net effect of dilutive stock options and warrants 76,493 — 152,003 — Diluted weighted average common shares outstanding 9,913,477 5,691,686 9,983,742 5,691,686 Net income per common share: Basic $ 0.16 $ 0.21 $ 0.32 $ 0.40 Diluted $ 0.16 $ 0.21 $ 0.31 $ 0.40 The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the three and six months ended June 30, 2022 . There were no dilutive securities outstanding during the first six months of 2021. For the three and six months ended June 30, 2022 and 2021, the Company had no securities that were excluded from the calculation of diluted weighted average common shares because their inclusion would have been anti-dilutive. Share-based compensation awards 195,700 Warrants 1,537,484 Total dilutive securities 1,733,184

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Event	13. SUBSEQUENT EVENT During July 2022, to accommodate growth, the Company took occupancy of an office lease for a new corporate headquarters, located in Camp Hill, Pennsylvania. The office space consists of approximately 24,000 square feet, and the lease expires on June 30, 2032 , with two additional five year renewal options .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The merger of GNBF with and into the Company was accounted for as a reverse acquisition using the acquisition method of accounting, in accordance with the provisions of FASB ASC 805 Business Combinations. As such, GNBF was the accounting acquirer and LINKBANCORP was the accounting acquiree. Accordingly, GNBF's historical financial statements are the historical financial statements of the combined company for all periods prior to September 18, 2021 (the "Merger Date"). The Company’s results of operations for the first half of 2022 include the results of operations of the combined company after the Merger Date. Results for periods before the Merger Date reflect only those consolidated results of GNBF and do not include the results of operations of LINKBANCORP. The number of shares issued and outstanding, earnings per share, additional paid-in capital, dividends paid and all references to share quantities of the Company have been retrospectively adjusted to reflect the equivalent number of shares issued to holders of GNBF common stock in the Merger. The assets and liabilities of LINKBANCORP as of the Merger Date have been recorded at their estimated fair value and added to those of GNBF. See Note 2. Merger for further information. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. The accounting and reporting practices of the Company conform to accounting principles generally accepted in the United States of America (GAAP) and to general practices within the banking industry. The Company has evaluated events and transactions occurring subsequent to the consolidated balance sheet date of June 30, 2022 for items that should potentially be recognized or disclosed in these unaudited condensed consolidated financial statements. The evaluation was conducted through the date these unaudited condensed consolidated financial statements were issued.
Estimates	Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during 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 allowance for loan losses, and the valuation of deferred tax assets.
Interim Financial Information	Interim Financial Information The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 .
Loans Receivable	Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Bank is generally amortizing these amounts over the contractual life of the loan. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. The loans receivable portfolio is segmented into commercial and consumer loans. Commercial loans consist of the following classes: agriculture, commercial and industrial, commercial real estate, and municipal. Consumer loans consist of the following classes: residential real estate, and other consumer. The loan segments are based on collateral type. The accrual of interest on all portfolio classes, including troubled debt restructurings, is discontinued at the time the loan is more than ninety days delinquent unless the loan is well collateralized and in process of collection. Nonaccrual loans are reviewed for charge-off if more than ninety-days past due, except for residential loans and consumer loans. Residential loans are reviewed at 180 days and consumer loans are reviewed at 120 days past due. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered unlikely. All interest accrued but not collected for loans placed on nonaccrual or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. In addition, a loan should be in accordance with the contractual terms for a reasonable period, usually requiring a payment history of six months.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This standard simplifies the test for goodwill impairment by eliminating the requirement to calculate the implied fair value of goodwill, which currently is Step 2 of the goodwill impairment test. Instead the goodwill impairment test will consist of a single quantitative step comparing the fair value of the reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The new standard is effective for annual and any interim goodwill impairment tests in reporting periods beginning after December 15, 2022. The adoption of this standard is not expected to have a material effect on the Company's operating results or financial condition. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments, which changes the impairment model for most financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. This model is also applicable to off-balance sheet credit exposures not accounted for as insurance, such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments. In addition, the amendments in ASU 2016-03 require credit losses on available-for-sale debt securities to be presented as a valuation allowance rather than as a direct write down. This Update is intended to improve financial reporting by requiring more timely recording of credit losses on these financial instruments. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. With certain exceptions, transition to the new requirements will be through a cumulative-effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. This Update is effective for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is evaluating the impact of ASU 2016-13 and has individuals from multiple disciplines working with a third-party vendor solution to assist with the application of ASU 2016-13, which includes historical data validation, methodology selection, and the development of policies, procedures and appropriate internal controls. The Company expects to recognize a one-time cumulative-effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements, but recognizes that the impact of adoption and implementation could be material to the consolidated financial statements and related footnote disclosures. The Company anticipates the magnitude of the adoption of ASU 2016-13 and its related amendments will be influenced by the composition, characteristics, and quality of its loan and investment securities portfolios, and economic conditions and forecasts as of the date of adoption. For debt securities with other-than-temporary impairment ("OTTI"), the guidance will be applied prospectively. Existing PCI assets will be grandfathered and classified as purchased credit deteriorated ("PCD") assets at the date of adoption. The asset will be grossed up for the allowance for expected losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in the expected credit losses will be recorded through the allowance. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which added to ASU 2020-04 on optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate. Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls “reference rate reform” if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Also, entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain criteria are met, and can make a onetime election to sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. The Company has identified our loan receivables that have an interest rate indexed to LIBOR and is currently assessing the appropriate transition path. As such, the Company does not have an estimate of the financial impact of this update but does not expect the impact to be material to the financial statements of the Company. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses: Troubled Debt Restructurings and Vintage Disclosures, which eliminates accounting guidance for troubled debt restructurings ("TDRs") by creditors that have adopted ASU 2016-13 and its related amendments. The amendments require that an entity evaluate whether the loan modification represents a new loan or a continuation of an existing loan, and introduce new requirements related to modifications made to borrowers experiencing financial difficulty. The amendments also require public business entities to disclose current-period gross write-offs for financing receivables by year of origination in the vintage disclosures. For entities that have adopted ASU 2016-13, the amendments in this ASU are effective for fiscal years beginning after December 15, 2022. For entities that have not adopted ASU 2016-13, the amendments in this update are effective at the time the entity adopts ASU 2016-13. The adoption of this standard is not expected to have a material effect on the Company's operating results or financial condition.

Merger (Tables)

Merger (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Summary of Fair Value of Consideration Paid	The following table summarizes the fair value consideration paid for GNBF as of the date of acquisition: (Dollars in thousands except per share amounts) Total GNBF common shares outstanding 779,000 GNBF shares outstanding exchanged for LINKBANCORP, Inc. common stock 663,240 GNBF shares outstanding exchanged for cash 115,760 Exchange Ratio 7.3064 LINKBANCORP, Inc. shares to be issued to GNBF shareholders 4,845,897 LINKBANCORP, Inc. Shares currently outstanding 4,968,550 Total LINKBANCORP, Inc. shares to be outstanding 9,814,447 GNBF pro forma common share % ownership 49.38 % LINKBANCORP, Inc. pro forma common share % ownership 50.62 % Reverse Acquisition Hypothetical Purchase Price Consideration GNBF shares outstanding exchanged for LINKBANCORP, Inc. common stock 663,240 Ownership % to be owned by current GNBF shareholders 49.38 % Hypothetical GNBF shares outstanding based on GNBF % ownership 1,343,267 Ownership % by legacy LINKBANCORP, Inc. shareholders 50.62 % Hypothetical GNBF shares to be issued as consideration 680,027 Fair value of GNBF shares (LINKBANCORP, Inc. fair value per share of $ 12.90 as of 9/17/2021 multiplied by the exchange rate) $ 94.25 Purchase price assigned to hypothetical GNBF shares issued to LINKBANCORP, Inc. shareholders $ 64,094 LINKBANCORP, Inc. options and warrants 1,962,484 Fair value per options and warrants $ 3.76 Purchase price assigned to LINKBANCORP, Inc. options and warrants 7,379 Total purchase price consideration $ 71,473 Pro Forma Purchase Price Allocation Between Stock & Cash: Cash consideration $ 10,077 Common Stock 61,396 Total Purchase Price For Accounting Purposes $ 71,473
Allocation of Purchase Price for Merger	Based on management's preliminary valuation of tangible and intangible assets acquired and liabilities assumed, the purchase price for the Merger is allocated in the table below. Total Consideration in the Merger $ 71,473 Calculated Fair Value of Assets Acquired Cash and cash equivalents $ 49,962 Securities available for sale 3,111 Loans 415,905 Premises and equipment 2,087 Right-of-use asset 4,544 Intangible assets 1,246 Investment in bank owned life insurance 4,784 Deferred taxes 3,675 Other assets 4,394 Total Assets Acquired 489,708 Calculated Fair Value of Liabilities Assumed Deposits 391,160 Long term borrowings 33,034 Subordinated debt 20,740 Operating lease liabilities 4,544 Other liabilities 2,265 Total Liabilities Assumed 451,743 Net Assets Acquired 37,965 Goodwill From the Merger $ 33,508
Summary of Merger	The following table summarizes the Merger as of September 18, 2021: Total Consideration in the Merger $ 71,473 LINKBANCORP, Inc. stockholders’ equity $ 43,124 LINKBANCORP, Inc. goodwill and intangibles ( 1,353 ) Fair Value Adjustments: Loans Interest rate ( 1,521 ) General credit ( 6,346 ) Credit adjustment for loans acquired with deteriorated credit quality ( 1,243 ) Remove existing deferred loan fees, net at acquisition 1,192 Remove the allowance for loan losses present at acquisition 4,953 Intangible assets 1,146 Other assets ( 991 ) Time deposits ( 231 ) Subordinated debt ( 765 ) 37,965 Goodwill From the Merger $ 33,508
Schedule of Fair Value Adjustments made to Amortized Cost Basis	The table below illustrates the fair value adjustments made to the amortized cost basis in order to present the fair value of the loans acquired. Unpaid principal balance at Merger $ 425,015 Interest rate fair value adjustment on pools of homogeneous loans ( 1,520 ) Credit fair value adjustment on pools of homogeneous loans ( 6,347 ) Credit fair value adjustment on purchased credit impaired loans ( 1,243 ) Fair value of acquired loans $ 415,905
Schedule of Acquired purchased Credit Impaired Loans Receivable.	The following table presents the acquired purchased credit impaired loans receivable at the Merger Date: Contractual principal and interest at Merger $ 8,509 Nonaccretable difference ( 2,716 ) Expected cash flows at Merger 5,793 Accretable yield ( 409 ) Fair value of purchased credit impaired loans $ 5,384
Summary of Proforma Information	The pro forma amounts for the three and six months ended June 30, 2021 do not reflect the anticipated cost savings that had not yet been realized. For the Three Months Ended June 30, For the Six Months Ended June 30, (Dollars in thousands) 2021 2021 Net interest income $ 7,381 $ 13,737 Non-interest income 803 1,483 Net income 2,280 6,502 Basic earnings per common share $ 0.23 $ 0.66 Diluted earnings per common share $ 0.22 $ 0.64

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Investment Securities Available for Sale	The amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale are summarized as follows: June 30, 2022 (In Thousands) Amortized Gross Gross Fair Available for Sale: Small Business Administration loan pools $ 706 $ - $ ( 13 ) $ 693 Obligations of state and political subdivisions 44,389 50 ( 3,446 ) 40,993 Mortgage-backed securities in government-sponsored entities 46,847 3 ( 2,780 ) 44,070 $ 91,942 $ 53 $ ( 6,239 ) $ 85,756 Held to Maturity: Corporate debentures $ 9,993 $ — $ ( 241 ) $ 9,752 Structured mortgage-backed securities 18,823 - ( 285 ) 18,538 $ 28,816 $ — $ ( 526 ) $ 28,290 December 31, 2021 (In Thousands) Amortized Gross Gross Fair Available for Sale: Small Business Administration loan pools $ 1,099 $ - $ ( 15 ) $ 1,084 Obligations of state and political subdivisions 46,115 2,405 ( 38 ) 48,482 Mortgage-backed securities in government-sponsored entities 54,239 382 ( 404 ) 54,217 $ 101,453 $ 2,787 $ ( 457 ) $ 103,783
Summary of Gross Unrealized Losses and Fair Value	The following tables show the Company's gross unrealized losses and fair value, aggregated by investment category and length of time the individual debt securities have been in a continuous unrealized loss position. June 30, 2022 Less Than Twelve Months Twelve Months or Greater Total (In Thousands) Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss Available for Sale: Small Business Administration loan pools $ - $ - $ 693 $ ( 13 ) $ 693 $ ( 13 ) Obligations of state and political subdivisions 35,196 ( 3,326 ) 313 ( 120 ) 35,509 ( 3,446 ) Mortgage-backed securities in government-sponsored entities 32,614 ( 1,808 ) 10,603 ( 972 ) 43,217 ( 2,780 ) $ 67,810 $ ( 5,134 ) $ 11,609 $ ( 1,105 ) $ 79,419 $ ( 6,239 ) Held to Maturity: Corporate debentures $ 9,752 $ ( 241 ) $ - $ - $ 9,752 $ ( 241 ) Structured mortgage-backed securities 18,538 ( 285 ) - - 18,538 ( 285 ) $ 28,290 $ ( 526 ) $ — $ — $ 28,290 $ ( 526 ) December 31, 2021 Less Than Twelve Months Twelve Months or Greater Total (In Thousands) Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss Available for Sale: Small Business Administration loan pools $ - $ - $ 1,084 $ ( 15 ) $ 1,084 $ ( 15 ) Obligations of state and political subdivisions 3,189 ( 38 ) - - 3,189 ( 38 ) Mortgage-backed securities in government-sponsored entities 23,420 ( 266 ) 4,687 ( 102 ) 28,107 ( 368 ) $ 26,609 $ ( 304 ) $ 5,771 $ ( 117 ) $ 32,380 $ ( 421 )
Summary of Amortized Cost and Fair Value by Contractual Maturity	As of June 30, 2022, amortized cost and fair value by contractual maturity, where applicable, are shown below. Actual maturities may differ from contractual maturities because the borrower may have the right to prepay obligations with or without penalty. Available for Sale Securities Held to Maturity Securities (In Thousands) Amortized Fair Amortized Fair Due within one year $ 95 $ 95 $ - $ - Due after one year through five years 5,554 5,535 3,000 2,965 Due after five years through ten years 11,983 11,532 6,993 6,787 Due after ten years 29,872 26,757 - - Mortgage-backed securities and Collateralized Mortgage Obligations 44,438 41,837 18,823 18,538 $ 91,942 $ 85,756 $ 28,816 $ 28,290
Schedule of Realized Gain (Loss)	The following table summarizes sales of debt securities for the three and six months ended June 30, 2022. There were no sales of debt securities for the three and six months ended June 30, 2021. (In Thousands) For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2022 Proceeds $ — $ 513 Gross gains — 13 Gross losses — — Net gain $ — $ 13

Loans Receivable (Tables)

Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]
Summary of Portfolio Segments and Classes of Loans	The portfolio segments and classes of loans are as follows: (In Thousands) June 30, 2022 December 31, 2021 Agriculture loans $ 7,710 $ 9,341 Commercial loans 88,452 98,604 Paycheck Protection Program ("PPP") loans 2,527 23,774 Commercial real estate loans 435,588 338,749 Residential real estate loans 241,401 231,302 Consumer and other loans 8,689 7,087 Municipal loans 5,814 6,182 790,181 715,039 Deferred costs (fees) 225 ( 223 ) Allowance for loan losses ( 3,890 ) ( 3,152 ) Total $ 786,516 $ 711,664

Allowances for Loan Losses (Tab

Allowances for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2022
Allowance for Credit Loss [Abstract]
Summary of Allowances for Loan Losses by Loan Class	The following table summarizes the activity in the allowance for loan losses by loan class for the three month periods ended June 30, 2022 and 2021. Agriculture Commercial Commercial Residential Consumer Municipal Unallocated Total (In Thousands) For the Three Months Ended June 30, 2022 Allowance for loan losses: Beginning balance $ 20 $ 585 $ 1,070 $ 1,728 $ 13 $ 15 $ 12 $ 3,443 Charge-offs - ( 1 ) ( 1 ) - - - - ( 2 ) Recoveries - 5 - 49 — - - 54 Provision ( 3 ) ( 83 ) 717 ( 230 ) 8 ( 2 ) ( 12 ) 395 Ending balance $ 17 $ 506 $ 1,786 $ 1,547 $ 21 $ 13 $ 0 $ 3,890 For the Three Months Ended June 30, 2021 Allowance for loan losses: Beginning balance $ 105 $ 315 $ 315 $ 1,674 $ 24 $ 18 $ 336 $ 2,787 Charge-offs — — — — — — — — Recoveries — 19 — 25 — — — 44 Provision ( 7 ) 18 25 ( 29 ) ( 1 ) ( 2 ) 40 44 Ending balance $ 98 $ 352 $ 340 $ 1,670 $ 23 $ 16 $ 376 $ 2,875 The following table summarizes the activity in the allowance for loan losses by loan class for the six month periods ended June 30, 2022 and 2021. Agriculture Commercial and PPP Commercial Residential Consumer Municipal Unallocated Total (In Thousands) For the Six Months Ended June 30, 2022 Allowance for loan losses: Beginning balance $ 23 $ 582 $ 799 $ 1,634 $ 22 $ 15 $ 77 $ 3,152 Charge-offs - ( 1 ) ( 1 ) - - - - ( 2 ) Recoveries — 7 — 56 2 — — 65 Provision ( 6 ) ( 82 ) 988 ( 143 ) ( 3 ) ( 2 ) ( 77 ) 675 Ending balance $ 17 $ 506 $ 1,786 $ 1,547 $ 21 $ 13 $ 0 $ 3,890 For the Six Months Ended June 30, 2021 Allowance for loan losses: Beginning balance $ 120 $ 290 $ 314 $ 1,702 $ 35 $ 18 $ 310 $ 2,789 Charge-offs — — — ( 49 ) ( 3 ) — — ( 52 ) Recoveries — 19 — 27 1 — — 47 Provision ( 22 ) 43 26 ( 10 ) ( 10 ) ( 2 ) 66 91 Ending balance $ 98 $ 352 $ 340 $ 1,670 $ 23 $ 16 $ 376 $ 2,875
Summary of Balance of Loans Individually Evaluated vs. Collectively Evaluated for Impairment	The following table illustrates the balance of loans individually evaluated vs. collectively evaluated for impairment at June 30, 2022 and December 31, 2021. Agriculture Commercial and PPP Commercial Residential Consumer Municipal Unallocated Total (In Thousands) As of June 30, 2022 Allowance for loan losses: Ending balance $ 17 $ 506 $ 1,786 $ 1,547 $ 21 $ 13 $ 0 $ 3,890 Ending balance: individually $ — $ — $ — $ — $ — $ — $ — $ — Ending balance: collectively evaluated $ 17 $ 506 $ 1,786 $ 1,547 $ 21 $ 13 $ 0 $ 3,890 Loans: Ending balance $ 7,710 $ 90,979 $ 435,588 $ 241,401 $ 8,689 $ 5,814 $ 790,181 Ending balance: individually $ 200 $ 2,451 $ 2,501 $ 3,145 $ — $ — $ 8,297 Ending balance: loans acquired with deteriorated credit $ — $ 601 $ 4,369 $ 597 $ — $ — $ 5,567 Ending balance: collectively evaluated $ 7,510 $ 87,927 $ 428,718 $ 237,659 $ 8,689 $ 5,814 $ 776,317 Agriculture Commercial and PPP Commercial Residential Consumer Municipal Unallocated Total (In Thousands) As of December 31, 2021 Allowance for loan losses: Ending balance $ 23 $ 582 $ 799 $ 1,634 $ 22 $ 15 77 $ 3,152 Ending balance: individually $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated $ 23 $ 582 $ 799 $ 1,634 $ 22 $ 15 77 $ 3,152 Loans: Ending balance $ 9,341 $ 122,378 $ 338,749 $ 231,302 $ 7,087 $ 6,182 $ 715,039 Ending balance: individually $ - $ 42 $ - $ 709 $ - $ - $ 751 Ending balance: loans acquired with deteriorated credit $ - $ 512 $ 4,394 $ 650 $ - $ - $ 5,556 Ending balance: collectively evaluated $ 9,341 $ 121,824 $ 334,355 $ 229,943 $ 7,087 $ 6,182 $ 708,732
Summary of Activity for Accretable Yield of Purchased Credit-impaired Loans	The following table provides activity for the accretable yield of PCI loans for the three and six months ended June 30, 2022: (In Thousands) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Accretable yield, beginning of period $ 206 $ 307 Additions — — Accretion of income ( 25 ) ( 126 ) Reclassifications from nonaccretable difference due to improvement in expected cash flows — — Other changes, net — — Accretable yield, end of period $ 181 $ 181
Summary of Classes of the Loan Portfolio Summarized by the Internal Risk Rating System	The following table presents the classes of the loan portfolio summarized by the internal risk rating system as of June 30, 2022 and December 31, 2021: (In Thousands) Special As of June 30, 2022 Pass Mention Substandard Doubtful Total Agriculture loans $ 7,510 $ - $ 200 $ - $ 7,710 Commercial and PPP loans 86,141 1,785 3,053 - 90,979 Commercial real estate loans 428,458 310 4,743 2,077 435,588 Residential real estate loans 236,123 1,453 3,202 623 241,401 Consumer loans 8,689 - - - 8,689 Municipal loans 5,814 - - - 5,814 Total $ 772,735 $ 3,548 $ 11,198 $ 2,700 $ 790,181 (In Thousands) Special As of December 31, 2021 Pass Mention Substandard Doubtful Total Agriculture loans $ 9,341 $ - $ - $ - $ 9,341 Commercial and PPP 117,918 3,757 703 - 122,378 Commercial real estate loans 332,156 2,077 4,516 - 338,749 Residential real estate loans 228,664 1,657 981 - 231,302 Consumer loans 7,087 - - - 7,087 Municipal loans 6,182 - - - 6,182 Total $ 701,348 $ 7,491 $ 6,200 $ - $ 715,039
Summary of Aging Analysis of the Recorded Investment of Past-Due Loans	The following tables present an aging analysis of the recorded investment of past-due loans. June 30, 2022 (In Thousands) 30-59 60-89 90 Days Total Current Purchased Credit Impaired Loans Total Total > 90 Agriculture loans $ 154 $ - $ - $ 154 $ 7,556 $ - $ 7,710 $ - Commercial and PPP loans - 21 - 21 90,958 - 90,979 - Commercial real estate loans 460 140 - 600 430,623 4,365 435,588 - Residential real estate loans 1,467 210 338 2,015 239,386 - 241,401 - Consumer loans 15 2 - 17 8,672 - 8,689 - Municipal loans - - - 5,814 - 5,814 - Total $ 2,096 $ 373 $ 338 $ 2,807 $ 783,009 $ 4,365 $ 790,181 $ - December 31, 2021 (In Thousands) 30-59 60-89 90 Days Total Current Purchased Credit Impaired Loans Total Total > 90 Agriculture loans $ 83 $ - $ - $ 83 $ 9,258 $ - $ 9,341 $ - Commercial and PPP loans 66 - - 66 121,800 512 122,378 - Commercial real estate loans 245 - - 245 334,110 4,394 338,749 - Residential real estate loans 1,427 211 869 2,507 228,145 650 231,302 762 Consumer loans 31 2 - 33 7,054 - 7,087 - Municipal loans - - - - 6,182 - 6,182 - Total $ 1,852 $ 213 $ 869 $ 2,934 $ 706,549 $ 5,556 $ 715,039 $ 762
Summary of Impaired Loans	The following tables present the recorded investment and unpaid principal balances for impaired loans and related allowance, if applicable. Also presented are the average recorded investments and the related amount of interest recognized during the time within the period that the impaired loans were impaired. As of June 30, 2022 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Agriculture loans $ 200 $ 200 $ — Commercial loans 2,451 2,471 — Commercial real estate loans 2,501 2,501 — Residential real estate loans 3,145 3,269 — Consumer loans — — — Municipal loans — — — With an allowance recorded: Agriculture loans $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — Residential real estate loans — — — Consumer loans — — — Municipal loans — — — Total Agriculture loans $ 200 $ 200 $ — Commercial loans 2,451 2,471 — Commercial real estate loans 2,501 2,501 — Residential real estate loans 3,145 3,269 — Consumer loans — — — Municipal loans — — — $ 8,297 $ 8,441 $ — As of December 31, 2021 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Agriculture loans $ — $ — $ — Commercial loans 42 61 — Commercial real estate loans — — — Residential real estate loans 709 779 — Consumer loans — — — Municipal loans — — — With an allowance recorded: Agriculture loans $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — Residential real estate loans — — — Consumer loans — — — Municipal loans — — — — — — Total Agriculture loans $ — $ — $ — Commercial loans 42 61 — Commercial real estate loans — — — Residential real estate loans 709 779 — Consumer loans — — — Municipal loans — — — $ 751 $ 840 $ — For the Three Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Recognized Average Interest Income Recognized With no related allowance recorded: Agriculture loans $ 237 $ 3 $ — $ — Commercial loans 4,706 66 — — Commercial real estate loans 455 4 — — Residential real estate loans 3,143 23 213 4 Consumer loans — — — — Municipal loans — — — — 8,541 96 213 4 With an allowance recorded: Agriculture loans $ — $ — $ — $ — Commercial loans — — — Commercial real estate loans — — — — Residential real estate loans — — — — Consumer loans — — — — Municipal loans — — — — - - - - Total $ 8,541 $ 96 $ 213 $ 4 For the Six Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Average Interest Income With no related allowance recorded: Agriculture loans $ 242 $ 6 $ — $ — Commercial loans 4,935 132 — — Commercial real estate loans 461 9 — — Residential real estate loans 3,171 48 225 8 Consumer loans — — — Municipal loans — — — $ 8,809 $ 195 $ 225 $ 8 With an allowance recorded: Agriculture loans $ — $ — $ — $ — Commercial loans — — — — Commercial real estate loans — — — — Residential real estate loans — — — — Consumer loans — — — — Municipal loans — — — — - - - - Total $ 8,809 $ 195 $ 225 $ 8
Summary of Portfolio of Nonaccrual Loans	The following table presents nonaccrual loans by classes of the loan portfolio: (In Thousands) June 30, December 31, Commercial loans $ 36 $ 39 Commercial real estate loans 137 144 Residential real estate loans 1,321 449 Consumer loans — 2 Total $ 1,494 $ 634

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2022
Deposits [Abstract]
Summary of Deposit Accounts	Deposit accounts are summarized as follows: June 30, December 31, (In Thousands) Amount % Amount % Demand, noninterest-bearing $ 184,345 20.43 % $ 129,243 16.75 % Demand, interest-bearing 269,493 29.86 256,258 33.21 Money market and savings 235,411 26.09 205,843 26.68 Time deposits, $250 and over 55,507 6.15 56,266 7.29 Time deposits, other 157,617 17.47 124,055 16.08 $ 902,373 100.0 % $ 771,665 100.0 %

Borrowings and Subordinated D_2

Borrowings and Subordinated Debentures (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Borrowings and Subordinated Debt	Borrowings and subordinated debt was as follows: (in Thousands) June 30, December 31, Long-term FHLB advances $ — $ — Subordinated Debt 40,585 20,696 Federal Reserve PPPLF 1,639 19,814 Total $ 42,224 $ 40,510

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Summary of Estimated Fair Value of Financial Instruments that are not Required to be Measured or Reported at Fair Value	The estimated fair values of the Company’s financial instruments that are not required to be measured or reported at fair value are as follows: At June 30, 2022 At December 31, 2021 (In Thousands) Carrying Fair Carrying Fair Financial assets: Cash and cash equivalents (Level 1) $ 62,996 $ 62,996 $ 22,590 $ 22,590 Certificates of deposit with other banks (Level 3) 11,088 11,088 12,828 12,828 Securities held to maturity (Level 2) 28,816 28,290 — — Loans (Level 3) 786,516 774,687 711,664 705,706 Accrued interest receivable (Level 1) 3,797 3,797 3,022 3,022 Restricted investments in bank stock (Level 1) 2,567 2,567 2,685 2,685 Cash surrender value of life insurance (Level 1) 19,012 19,012 18,787 18,787 Financial liabilities: Non-maturity deposits (Level 1) 689,249 689,249 591,344 591,344 Time Deposits (Level 3) 213,124 210,984 180,321 180,485 Other borrowings (Level 3) 1,639 1,639 19,814 19,819 Subordinated Notes (Level 3) 40,585 38,026 20,696 20,696 Accrued interest payable (Level 1) 325 325 103 103
Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis	June 30, 2022 (In Thousands) Level I Level II Level III Total Assets: Small Business Administration loan pools $ — $ 693 $ — $ 693 Obligations of state and political subdivisions — 40,993 — 40,993 Mortgage backed securities — 44,070 — 44,070 Total $ — $ 85,756 $ — $ 85,756 December 31, 2021 (In Thousands) Level I Level II Level III Total Assets: Small Business Administration loan pools $ — $ 1,084 $ — $ 1,084 Obligations of state and political subdivisions — 48,482 — 48,482 Mortgage backed securities — 54,217 — 54,217 Total $ — $ 103,783 $ — $ 103,783
Summary of Financial Assets Measured at Fair Value on a Nonrecurring Basis	For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used as of June 30, 2022 and December 31, 2021 are presented in the table below. June 30, 2022 (In Thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 8,297 $ 8,297 December 31, 2021 (In Thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 751 $ 751 Loans Held for Sale $ — $ — $ 3,860 $ 3,860
Summary of Information about Valuation Processes Used to Determine Nonrecurring Fair Value Measurements	The following tables provide information describing the valuation processes used to determine nonrecurring fair value measurements categorized within Level III of the fair value hierarchy: June 30, 2022 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Unobservable Range (Weighted Impaired loans $ 8,297 Appraisal of (1 ) Liquidation 10 % December 31, 2021 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Unobservable Range (Weighted Impaired loans $ 751 Appraisal of (1 ) Liquidation 10 % Loans Held for Sale $ 3,860 Appraisal of (1 ) Liquidation of collateral 15 % (1) Fair value is generally determined through independent appraisals of the underlying collateral, which include various Level III inputs that are not identifiable.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Stock Options Activity	Stock options are either “incentive” stock options or “nonqualified” stock options. Incentive stock options have certain tax advantages and must comply with the requirements of Section 422 of the Internal Revenue Code. The table below provides details of the Company's stock options at June 30, 2022. Number Weighted- Weighted- Aggregate Outstanding, December 31, 2021 421,500 $ 10.46 7.9 $ 780 Granted — Expired/terminated ( 5,600 ) 12.00 8.3 Exercised ( 12,000 ) 10.00 — Outstanding, June 30, 2022 403,900 $ 10.86 7.4 $ — Exercisable at period end 195,700 $ 10.08 7.1 $ —

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	6 Months Ended
	Jun. 30, 2022
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Schedule of Bank Actual and Required Capital Amounts and Ratios	The following tables present actual and required capital ratios as of June 30, 2022 and December 31, 2021 under the Basel III Capital Rules. Bank capital levels required to be considered well capitalized are based upon prompt corrective action regulations. June 30, 2022 December 31, 2021 (In Thousands) Amount Ratio Amount Ratio Total capital (to risk-weighted assets) Actual $ 101,598 12.42 % $ 81,355 11.50 % For capital adequacy purposes 65,422 8.00 56,578 8.00 To be well capitalized 81,777 10.00 70,722 10.00 Tier 1 capital (to risk-weighted assets) Actual $ 97,654 11.94 % $ 77,904 11.02 % For capital adequacy purposes 49,066 6.00 42,433 6.00 To be well capitalized 65,422 8.00 56,578 8.00 Common equity (to risk-weighted assets) Actual $ 97,654 11.94 % $ 77,904 11.02 % For capital adequacy purposes 36,800 4.50 31,825 4.50 To be well capitalized 53,155 6.50 45,969 6.50 Tier 1 capital (to average assets) Actual $ 97,654 10.10 % $ 77,904 8.85 % For capital adequacy purposes 38,657 4.00 35,230 4.00 To be well capitalized 48,321 5.00 44,038 5.00

Financial Instruments With Of_2

Financial Instruments With Off-Balance Sheet Risk (Tables)	6 Months Ended
	Jun. 30, 2022
Financial Instruments With Off Balance Sheet Risk [Abstract]
Summary of Outstanding Contract Amounts of Off Balance Sheet Credit Risk Related Financial Instruments	At June 30, 2022 and December 31, 2021, the following financial instruments were outstanding whose contract amounts represent credit risk: (In Thousands) June 30, December 31, Unfunded commitments under lines of credit: Home equity loans $ 36,193 $ 17,774 Commercial real estate, construction, and land development 29,012 20,609 Commercial and industrial 115,107 100,440 Other 8,797 6,244 Total $ 189,109 $ 145,067

Earning Per Share (Tables)

Earning Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Summary of Composition of Earnings Per Share	The following table sets forth the composition of earnings per share: (In Thousands, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income $ 1,606 $ 1,173 $ 3,130 $ 2,298 Basic weighted average common shares outstanding 9,836,984 5,691,686 9,831,739 5,691,686 Net effect of dilutive stock options and warrants 76,493 — 152,003 — Diluted weighted average common shares outstanding 9,913,477 5,691,686 9,983,742 5,691,686 Net income per common share: Basic $ 0.16 $ 0.21 $ 0.32 $ 0.40 Diluted $ 0.16 $ 0.21 $ 0.31 $ 0.40
Schedule of Dilutive Securities Included in Computation of Earnings Per Share	The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the three and six months ended June 30, 2022 . There were no dilutive securities outstanding during the first six months of 2021. For the three and six months ended June 30, 2022 and 2021, the Company had no securities that were excluded from the calculation of diluted weighted average common shares because their inclusion would have been anti-dilutive. Share-based compensation awards 195,700 Warrants 1,537,484 Total dilutive securities 1,733,184

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022	Sep. 18, 2021	Sep. 17, 2018
Accounting Policies [Line Items]
Date of incorporation	Apr. 06, 2018
Residential loans [Member]
Accounting Policies [Line Items]
Number of days past due for loans to be declared as deliquent	180 days
Consumer loans [Member]
Accounting Policies [Line Items]
Number of days past due for loans to be declared as deliquent	120 days
Stonebridge Bank [Member]
Accounting Policies [Line Items]
Business acquistion percentage of voting interests acquired			100%
GNB Investments, Inc [Member]
Accounting Policies [Line Items]
Business acquistion percentage of voting interests acquired		100%

Merger - Additional Information

Merger - Additional Information (Detail)	Sep. 18, 2021 USD ($) Facility $ / shares shares	Dec. 10, 2020 $ / shares	Sep. 17, 2021 $ / shares
Business Acquisition [Line Items]
Reverse acquisition ownership percentage	50.62%
GNB Financial Services Inc [Member]
Business Acquisition [Line Items]
Merger completion date	Sep. 18, 2021
Percentage of merger	100%
Business acquisition oppurtunity to receive in cash per share | $ / shares		$ 87.68
Business acquisition,share price | $ / shares	$ 7.3064	$ 7.3064	$ 12.90
Business acquisition aggregate minimum percentage of acquiree common shres outstanding will be exchanged for acquirer common stock		80%
Merger effective date	Sep. 18, 2021
Business acquisition percentage of consideration received by shareholders in cash	14.865%
Business acquisition percentage of common shares received by shareholder for existing shares	85.135%
Number of shares of common stock issued | shares	4,845,897
Percentage of outstanding common shares post-merger	49.40%
Total fair value consideration	$ 71,473,000
Fair value of common stock issued	61,396,000
Cash consideration	10,077,000
Fair value of options and warrants	$ 7,400,000
Reverse acquisition ownership percentage	50.62%
Fair value of premium amortized over estimated life of investments	$ 96,000
Loans receivable with an unpaid principal balance	$ 425,000,000
Number of facility leases | Facility	4
Fair value adjustment of long term borrowings	$ 0
GNB Financial Services Inc [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Fair value of common stock issued	$ 54,000,000

Merger - Summary of Fair Value

Merger - Summary of Fair Value of Consideration Paid (Detail) - USD ($) $ / shares in Units, $ in Thousands	Sep. 18, 2021	Jun. 30, 2022	Dec. 31, 2021	Sep. 17, 2021	Dec. 10, 2020
Business Acquisition [Line Items]
Common Stock, Shares, Outstanding	9,814,447	9,838,435	9,826,435
Pro forma common share % ownership	50.62%
Reverse acquisition ownership percentage	50.62%
GNB Financial Services Inc [Member]
Business Acquisition [Line Items]
Total GNBF common shares outstanding	779,000
GNBF shares outstanding exchanged for LINKBANCORP, Inc. common stock	663,240
GNBF shares outstanding exchanged for cash	115,760
Exchange Ratio	$ 7.3064			$ 12.90	$ 7.3064
LINKBANCORP, Inc. shares to be issued to GNBF shareholders	4,845,897
Common Stock, Shares, Outstanding	4,968,550
Pro forma common share % ownership	49.38%
Ownership % to be owned by current GNBF shareholders	49.38%
Hypothetical GNBF shares outstanding based on GNBF % ownership	1,343,267
Reverse acquisition ownership percentage	50.62%
Hypothetical GNBF shares to be issued as consideration	680,027
Fair value of GNBF shares (LINKBANCORP, Inc. fair value per share of $12.90 as of 9/17/2021 multiplied by the exchange rate)	$ 94.25
Purchase price assigned to hypothetical GNBF shares issued to LINKBANCORP, Inc. shareholders	$ 64,094
LINKBANCORP, Inc. options and warrants	1,962,484
Fair value per options and warrants	$ 3.76
Purchase price assigned to LINKBANCORP, Inc. options and warrants	$ 7,379
Total purchase price consideration	71,473
Cash consideration	10,077
Common Stock	$ 61,396

Merger - Summary of Fair Valu_2

Merger - Summary of Fair Value of Consideration Paid (Parenthetical) (Detail) - $ / shares	Sep. 18, 2021	Sep. 17, 2021	Dec. 10, 2020
GNB Financial Services Inc [Member]
Business Acquisition [Line Items]
Estimated closing price	$ 7.3064	$ 12.90	$ 7.3064

Merger - Allocation of Purchase

Merger - Allocation of Purchase Price for Merger (Detail) - USD ($) $ in Thousands	Sep. 18, 2021	Jun. 30, 2022	Dec. 31, 2021
Calculated Fair Value of Liabilities Assumed
Operating lease liabilities		$ 4,513	$ 4,680
GNB Financial Services Inc [Member]
Business Acquisition [Line Items]
Total Consideration in the Merger	$ 71,473
Calculated Fair Value of Liabilities Assumed
Subordinated debt	(765)
Net Assets Acquired	37,965
Goodwill From the Merger	33,508
GNB Financial Services Inc [Member] | Subject to Change [Member]
Business Acquisition [Line Items]
Total Consideration in the Merger	71,473
Calculated Fair Value of Assets Acquired
Cash and cash equivalents	49,962
Securities available for sale	3,111
Loans	415,905
Premises and equipment	2,087
Right-of-use asset	4,544
Intangible assets	1,246
Investment in bank owned life insurance	4,784
Deferred taxes	3,675
Other assets	4,394
Total Assets Acquired	489,708
Calculated Fair Value of Liabilities Assumed
Deposits	391,160
Long term borrowings	33,034
Subordinated debt	20,740
Operating lease liabilities	4,544
Other liabilities	2,265
Total Liabilities Assumed	451,743
Net Assets Acquired	37,965
Goodwill From the Merger	$ 33,508

Merger - Summary of Merger (Det

Merger - Summary of Merger (Details) - GNB Financial Services Inc [Member] $ in Thousands	Sep. 18, 2021 USD ($)
Business Acquisition [Line Items]
Total Consideration in the Merger	$ 71,473
LINKBANCORP, Inc. stockholders' equity	43,124
LINKBANCORP, Inc. goodwill and intangibles	(1,353)
Loans
Interest rate	(1,521)
General credit	(6,346)
Credit adjustment for loans acquired with deteriorated credit quality	(1,243)
Remove existing deferred loan fees, net at acquisition	1,192
Remove the allowance for loan losses present at acquisition	4,953
Intangible assets	1,146
Other assets	(991)
Time deposits	(231)
Subordinated debt	(765)
Net Assets Acquired	37,965
Goodwill From the Merger	$ 33,508

Merger - Schedule of Fair Value

Merger - Schedule of Fair Value Adjustments made to Amortized Cost Basis (Detail) $ in Thousands	Sep. 18, 2021 USD ($)
Business Acquisition [Line Items]
Unpaid principal balance at Merger	$ 425,015
Fair value of acquired loans	415,905
Pool of Homogeneous Loans [Member]
Business Acquisition [Line Items]
Interest rate fair value adjustment on pools of homogeneous loans	(1,520)
Credit fair value adjustments	(6,347)
Purchased Credit Impaired Loans [Member]
Business Acquisition [Line Items]
Credit fair value adjustments	$ (1,243)

Merger - Schedule of Acquired P

Merger - Schedule of Acquired Purchased Credit Impaired Loans Receivable (Detail) - GNB Financial Services Inc [Member] $ in Thousands	Sep. 18, 2021 USD ($)
Business Acquisition [Line Items]
Contractual principal and interest at Merger	$ 8,509
Nonaccretable difference	(2,716)
Expected cash flows at Merger	5,793
Accretable yield	(409)
Fair value of purchased credit impaired loans	$ 5,384

Merger - Summary of Proforma In

Merger - Summary of Proforma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Business Acquisition, Pro Forma Information [Abstract]
Net interest income	$ 7,381	$ 13,737
Non-interest income	803	1,483
Net income	$ 2,280	$ 6,502
Basic earnings per common share	$ 0.23	$ 0.66
Diluted earnings per common share	$ 0.22	$ 0.64

Investment Securities - Summary

Investment Securities - Summary of Amortized Cost and Held-to-maturity, Gross Unrealized Gains and Losses, and Fair Value of Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities Available For Sale Reconciliation Of Fair Value To Amortized Cost [Line Items]
Amortized Cost	$ 91,942	$ 101,453
Gross Unrealized Gains	53	2,787
Gross Unrealized Losses	(6,239)	(457)
Fair Value	85,756	103,783
Held-to-Maturity, Amortized Cost	28,816
Gross Unrecognized Gain	0
Gross Unrecognized Losses	(526)
Fair value	28,290	0
Small Business Administration Loan Pools [Member]
Debt Securities Available For Sale Reconciliation Of Fair Value To Amortized Cost [Line Items]
Amortized Cost	706	1,099
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(13)	(15)
Fair Value	693	1,084
Obligations of state and political subdivisions [Member]
Debt Securities Available For Sale Reconciliation Of Fair Value To Amortized Cost [Line Items]
Amortized Cost	44,389	46,115
Gross Unrealized Gains	50	2,405
Gross Unrealized Losses	(3,446)	(38)
Fair Value	40,993	48,482
Mortgage-backed securities in government-sponsored entities [Member]
Debt Securities Available For Sale Reconciliation Of Fair Value To Amortized Cost [Line Items]
Amortized Cost	46,847	54,239
Gross Unrealized Gains	3	382
Gross Unrealized Losses	(2,780)	(404)
Fair Value	44,070	$ 54,217
Corporate Debentures [Member]
Debt Securities Available For Sale Reconciliation Of Fair Value To Amortized Cost [Line Items]
Held-to-Maturity, Amortized Cost	9,993
Gross Unrecognized Gain	0
Gross Unrecognized Losses	(241)
Fair value	9,752
Structured Mortgage-backed Securities [Member]
Debt Securities Available For Sale Reconciliation Of Fair Value To Amortized Cost [Line Items]
Held-to-Maturity, Amortized Cost	18,823
Gross Unrecognized Gain	0
Gross Unrecognized Losses	(285)
Fair value	$ 18,538

Investment Securities - Summa_2

Investment Securities - Summary of Gross Unrealized Losses and Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Less than 12 Months, Fair Value	$ 67,810	$ 26,609
Available-for-sale Securities, Less than 12 Months, Unrealized Losses	(5,134)	(304)
Available-for-sale Securities, 12 Months or Longer, Fair Value	11,609	5,771
Available-for-sale Securities, 12 Months or Longer, Unrealized Losses	(1,105)	(117)
Available-for-sale Securities, Fair Value, Total	79,419	32,380
Available-for-sale Securities, Unrealized Losses, Total	(6,239)	(421)
Held-to-maturity Securities, Less than 12 Months, Fair Value	28,290
Held-to-maturity Securities, Less than 12 Months, Unrealized Losses	(526)
Held-to-maturity Securities, 12 Months or Longer, Fair Value	0
Held-to-maturity Securities, 12 Months or Longer, Unrealized Losses	0
Held-to-maturity Securities, Fair Value, Total	28,290
Held-to-maturity Securities, Unrealized Losses, Total	(526)
Small Business Administration Loan Pools [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Less than 12 Months, Fair Value	0	0
Available-for-sale Securities, Less than 12 Months, Unrealized Losses	0	0
Available-for-sale Securities, 12 Months or Longer, Fair Value	693	1,084
Available-for-sale Securities, 12 Months or Longer, Unrealized Losses	(13)	(15)
Available-for-sale Securities, Fair Value, Total	693	1,084
Available-for-sale Securities, Unrealized Losses, Total	(13)	(15)
Obligations of state and political subdivisions [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Less than 12 Months, Fair Value	35,196	3,189
Available-for-sale Securities, Less than 12 Months, Unrealized Losses	(3,326)	(38)
Available-for-sale Securities, 12 Months or Longer, Fair Value	313	0
Available-for-sale Securities, 12 Months or Longer, Unrealized Losses	(120)	0
Available-for-sale Securities, Fair Value, Total	35,509	3,189
Available-for-sale Securities, Unrealized Losses, Total	(3,446)	(38)
Mortgage-backed securities in government-sponsored entities [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Less than 12 Months, Fair Value	32,614	23,420
Available-for-sale Securities, Less than 12 Months, Unrealized Losses	(1,808)	(266)
Available-for-sale Securities, 12 Months or Longer, Fair Value	10,603	4,687
Available-for-sale Securities, 12 Months or Longer, Unrealized Losses	(972)	(102)
Available-for-sale Securities, Fair Value, Total	43,217	28,107
Available-for-sale Securities, Unrealized Losses, Total	(2,780)	$ (368)
Corporate Debentures [Member]
Debt Securities, Available-for-sale [Line Items]
Held-to-maturity Securities, Less than 12 Months, Fair Value	9,752
Held-to-maturity Securities, Less than 12 Months, Unrealized Losses	(241)
Held-to-maturity Securities, 12 Months or Longer, Fair Value	0
Held-to-maturity Securities, 12 Months or Longer, Unrealized Losses	0
Held-to-maturity Securities, Fair Value, Total	9,752
Held-to-maturity Securities, Unrealized Losses, Total	(241)
Structured Mortgage-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Held-to-maturity Securities, Less than 12 Months, Fair Value	18,538
Held-to-maturity Securities, Less than 12 Months, Unrealized Losses	(285)
Held-to-maturity Securities, 12 Months or Longer, Fair Value	0
Held-to-maturity Securities, 12 Months or Longer, Unrealized Losses	0
Held-to-maturity Securities, Fair Value, Total	18,538
Held-to-maturity Securities, Unrealized Losses, Total	$ (285)

Investment Securities - Additio

Investment Securities - Additional Information (Detail) $ in Thousands	Jun. 30, 2022 USD ($) Security Securities	Dec. 31, 2021 USD ($) Security Securities
Debt Securities, Available-for-Sale [Abstract]
Number of debt securities with unrealized losses | Securities	162	41
Held to maturity debt securities | Security	9	0
Pledged debt securities with a carrying value | $	$ 37,869	$ 45,300

Investment Securities - Summa_3

Investment Securities - Summary of Amortized Cost and Fair Value by Contractual Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, 1 year or less	$ 95
Amortized Cost, Due after one year through five years	5,554
Amortized Cost, Due after five years through ten years	11,983
Amortized Cost, Due after ten years	29,872
Amortized Cost, Mortgage-backed securities and Collateralized Mortgage Obligations	44,438
Amortized Cost	91,942	$ 101,453
Fair Value, 1 year or less	95
Fair Value, Due after one year through five years	5,535
Fair Value, Due after five years through ten years	11,532
Fair Value, Due after ten years	26,757
Fair Value, Mortgage-backed securities, residential	41,837
Fair Value	85,756	103,783
Held to Maturity Securities Amortized Cost, Due after one year through five years	3,000
Held to Maturity Securities Amortized Cost, Due after five years through ten years	6,993
Mortgage-backed securities and Collateralized Mortgage Obligations	18,823
Held-to-Maturity, Amortized Cost	28,816
Held to Maturity Securities Fair Value, Due after one year through five years	2,965
Held to Maturity Securities Fair Value, Due after five years through ten years	6,787
Mortgage-backed securities and Collateralized Mortgage Obligations	18,538
Held-to-maturity, Fair Value	$ 28,290	$ 0

Investment Securities - Summa_4

Investment Securities - Summary of Sales of Debt Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Securities, Available-for-Sale [Abstract]
Proceeds			$ 513	$ 0
Gross gains			13
Gross losses			0
Net gain	$ 0	$ 0	$ 13	$ 0

Loans Receivable - Summary of P

Loans Receivable - Summary of Portfolio Segments and Classes of Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	$ 790,181		$ 715,039
Deferred costs (fees)	225		(223)
Allowance for loan losses	(3,890)	$ (3,443)	(3,152)	$ (2,875)	$ (2,787)	$ (2,789)
Total	786,516		711,664
Paycheck Protection Program ("PPP") Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	2,527		23,774
Agriculture Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	7,710		9,341
Commercial Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	88,452		98,604
Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	435,588		338,749
Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	241,401		231,302
Consumer and Other Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	8,689		7,087
Municipal Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	$ 5,814		$ 6,182

Loans Receivable - Additional I

Loans Receivable - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]
Loans and extensions of credit	$ 2,785	$ 10,631

Allowances for Loan Losses - Su

Allowances for Loan Losses - Summary of Allowances for Loan Losses by Loan Class (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	$ 3,443	$ 2,787	$ 3,152	$ 2,789
Charge-offs	(2)	0	(2)	(52)
Recoveries	54	44	65	47
Provision	395	44	675	91
Ending balance	3,890	2,875	3,890	2,875
Agriculture Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	20	105	23	120
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(3)	(7)	(6)	(22)
Ending balance	17	98	17	98
Commercial and PPP Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance			582	290
Charge-offs			(1)	0
Recoveries			7	19
Provision			(82)	43
Ending balance	506	352	506	352
Commercial Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	585	315
Charge-offs	(1)	0
Recoveries	5	19
Provision	(83)	18
Ending balance	506	352	506	352
Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	1,070	315	799	314
Charge-offs	(1)	0	(1)	0
Recoveries	0	0	0	0
Provision	717	25	988	26
Ending balance	1,786	340	1,786	340
Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	1,728	1,674	1,634	1,702
Charge-offs	0	0	0	(49)
Recoveries	49	25	56	27
Provision	(230)	(29)	(143)	(10)
Ending balance	1,547	1,670	1,547	1,670
Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	13	24	22	35
Charge-offs	0	0	0	(3)
Recoveries	0	0	2	1
Provision	8	(1)	(3)	(10)
Ending balance	21	23	21	23
Municipal Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	15	18	15	18
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(2)	(2)	(2)	(2)
Ending balance	13	16	13	16
Unallocated [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	12	336	77	310
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(12)	40	(77)	66
Ending balance	$ 0	$ 376	$ 0	$ 376

Allowances for Loan Losses - _2

Allowances for Loan Losses - Summary of Balance of Loans Individually Evaluated vs. Collectively Evaluated for Impairment (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Allowance for Loan Losses, Ending balance	$ 3,890	$ 3,443	$ 3,152	$ 2,875	$ 2,787	$ 2,789
Allowance for Loan Losses, Ending balance: individually evaluated for impairment	0		0
Allowance for Loan Losses, Ending balance: collectively evaluated for impairment	3,890		3,152
Loans, Ending balance	790,181		715,039
Loans, Ending balance: individually evaluated for impairment	8,297		751
Ending balance: loans acquired with deteriorated credit quality	5,567		5,556
Loans, Ending balance: collectively evaluated for impairment	776,317		708,732
Agriculture Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Allowance for Loan Losses, Ending balance	17	20	23	98	105	120
Allowance for Loan Losses, Ending balance: individually evaluated for impairment	0		0
Allowance for Loan Losses, Ending balance: collectively evaluated for impairment	17		23
Loans, Ending balance	7,710		9,341
Loans, Ending balance: individually evaluated for impairment	200		0
Ending balance: loans acquired with deteriorated credit quality	0		0
Loans, Ending balance: collectively evaluated for impairment	7,510		9,341
Commercial and PPP Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Allowance for Loan Losses, Ending balance	506		582	352		290
Allowance for Loan Losses, Ending balance: individually evaluated for impairment	0		0
Allowance for Loan Losses, Ending balance: collectively evaluated for impairment	506		582
Loans, Ending balance	90,979		122,378
Loans, Ending balance: individually evaluated for impairment	2,451		42
Ending balance: loans acquired with deteriorated credit quality	601		512
Loans, Ending balance: collectively evaluated for impairment	87,927		121,824
Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Allowance for Loan Losses, Ending balance	1,786	1,070	799	340	315	314
Allowance for Loan Losses, Ending balance: individually evaluated for impairment	0		0
Allowance for Loan Losses, Ending balance: collectively evaluated for impairment	1,786		799
Loans, Ending balance	435,588		338,749
Loans, Ending balance: individually evaluated for impairment	2,501		0
Ending balance: loans acquired with deteriorated credit quality	4,369		4,394
Loans, Ending balance: collectively evaluated for impairment	428,718		334,355
Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Allowance for Loan Losses, Ending balance	1,547	1,728	1,634	1,670	1,674	1,702
Allowance for Loan Losses, Ending balance: individually evaluated for impairment	0		0
Allowance for Loan Losses, Ending balance: collectively evaluated for impairment	1,547		1,634
Loans, Ending balance	241,401		231,302
Loans, Ending balance: individually evaluated for impairment	3,145		709
Ending balance: loans acquired with deteriorated credit quality	597		650
Loans, Ending balance: collectively evaluated for impairment	237,659		229,943
Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Allowance for Loan Losses, Ending balance	21	13	22	23	24	35
Allowance for Loan Losses, Ending balance: individually evaluated for impairment	0		0
Allowance for Loan Losses, Ending balance: collectively evaluated for impairment	21		22
Loans, Ending balance	8,689		7,087
Loans, Ending balance: individually evaluated for impairment	0		0
Ending balance: loans acquired with deteriorated credit quality	0		0
Loans, Ending balance: collectively evaluated for impairment	8,689		7,087
Municipal Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Allowance for Loan Losses, Ending balance	13	15	15	16	18	18
Allowance for Loan Losses, Ending balance: individually evaluated for impairment	0		0
Allowance for Loan Losses, Ending balance: collectively evaluated for impairment	13		15
Loans, Ending balance	5,814		6,182
Loans, Ending balance: individually evaluated for impairment	0		0
Ending balance: loans acquired with deteriorated credit quality	0		0
Loans, Ending balance: collectively evaluated for impairment	5,814		6,182
Unallocated [Member]
Loans and Leases Receivable Disclosure [Line Items]
Allowance for Loan Losses, Ending balance	0	$ 12	77	$ 376	$ 336	$ 310
Allowance for Loan Losses, Ending balance: individually evaluated for impairment	0		0
Allowance for Loan Losses, Ending balance: collectively evaluated for impairment	$ 0		$ 77

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Activity for Accretable Yield of Purchased Credit-impaired Loan (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Allowance for Credit Loss [Abstract]
Accretable yield, beginning of period	$ 206	$ 307
Accretion of Income	(25)	(126)
Accretable yield, end of period	$ 181	$ 181

Allowances for Loan Losses - _3

Allowances for Loan Losses - Summary of Classes of the Loan Portfolio Summarized by the Internal Risk Rating System (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	$ 790,181	$ 715,039
Agriculture Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	7,710	9,341
Commercial and PPP Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	90,979	122,378
Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	435,588	338,749
Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	241,401	231,302
Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	8,689	7,087
Municipal Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	5,814	6,182
Pass [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	772,735	701,348
Pass [Member] | Agriculture Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	7,510	9,341
Pass [Member] | Commercial and PPP Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	86,141	117,918
Pass [Member] | Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	428,458	332,156
Pass [Member] | Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	236,123	228,664
Pass [Member] | Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	8,689	7,087
Pass [Member] | Municipal Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	5,814	6,182
Special Mention [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	3,548	7,491
Special Mention [Member] | Agriculture Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0	0
Special Mention [Member] | Commercial and PPP Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,785	3,757
Special Mention [Member] | Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	310	2,077
Special Mention [Member] | Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,453	1,657
Special Mention [Member] | Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0
Special Mention [Member] | Municipal Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0
Substandard [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	11,198	6,200
Substandard [Member] | Agriculture Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	200	0
Substandard [Member] | Commercial and PPP Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	3,053	703
Substandard [Member] | Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	4,743	4,516
Substandard [Member] | Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	3,202	981
Substandard [Member] | Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0
Substandard [Member] | Municipal Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0
Doubtful [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	2,700
Doubtful [Member] | Agriculture Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0
Doubtful [Member] | Commercial and PPP Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0
Doubtful [Member] | Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	2,077
Doubtful [Member] | Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	623	0
Doubtful [Member] | Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0
Doubtful [Member] | Municipal Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	$ 0

Allowances for Loan Losses - _4

Allowances for Loan Losses - Summary of Aging Analysis of the Recorded Investment of Past-Due Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Purchased Credit Impaired Loans	$ 4,365	$ 5,556
Loans receivable	790,181	715,039
Total > 90 Days and Accruing	0	762
Agriculture Loans [Member]
Financing Receivable, Past Due [Line Items]
Purchased Credit Impaired Loans	0
Loans receivable	7,710	9,341
Total > 90 Days and Accruing	0
Commercial and PPP Loans [Member]
Financing Receivable, Past Due [Line Items]
Purchased Credit Impaired Loans	0	512
Loans receivable	90,979	122,378
Total > 90 Days and Accruing	0
Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Purchased Credit Impaired Loans	4,365	4,394
Loans receivable	435,588	338,749
Total > 90 Days and Accruing	0
Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Purchased Credit Impaired Loans	0	650
Loans receivable	241,401	231,302
Total > 90 Days and Accruing	0	762
Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Purchased Credit Impaired Loans	0
Loans receivable	8,689	7,087
Total > 90 Days and Accruing	0
Municipal Loans [Member]
Financing Receivable, Past Due [Line Items]
Purchased Credit Impaired Loans	0
Loans receivable	5,814	6,182
Total > 90 Days and Accruing	0
30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	2,096	1,852
30-59 Days Past Due [Member] | Agriculture Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	154	83
30-59 Days Past Due [Member] | Commercial and PPP Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	0	66
30-59 Days Past Due [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	460	245
30-59 Days Past Due [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	1,467	1,427
30-59 Days Past Due [Member] | Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	15	31
30-59 Days Past Due [Member] | Municipal Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross
60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	373	213
60-89 Days Past Due [Member] | Agriculture Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross
60-89 Days Past Due [Member] | Commercial and PPP Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	21
60-89 Days Past Due [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	140
60-89 Days Past Due [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	210	211
60-89 Days Past Due [Member] | Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	2	2
60-89 Days Past Due [Member] | Municipal Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	0
90 Days or Greater Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	338	869
90 Days or Greater Past Due [Member] | Agriculture Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross
90 Days or Greater Past Due [Member] | Commercial and PPP Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross
90 Days or Greater Past Due [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	0
90 Days or Greater Past Due [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	338	869
90 Days or Greater Past Due [Member] | Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross
90 Days or Greater Past Due [Member] | Municipal Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	0
Total Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	2,807	2,934
Total Past Due [Member] | Agriculture Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	154	83
Total Past Due [Member] | Commercial and PPP Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	21	66
Total Past Due [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	600	245
Total Past Due [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	2,015	2,507
Total Past Due [Member] | Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	17	33
Total Past Due [Member] | Municipal Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross
Current [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	783,009	706,549
Current [Member] | Agriculture Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	7,556	9,258
Current [Member] | Commercial and PPP Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	90,958	121,800
Current [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	430,623	334,110
Current [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	239,386	228,145
Current [Member] | Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	8,672	7,054
Current [Member] | Municipal Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans, Gross	$ 5,814	$ 6,182

Allowances for Loan Losses - _5

Allowances for Loan Losses - Summary of Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
With an allowance recorded, Recorded Investment					$ 0
With an allowance recorded, Unpaid Principal Balance					0
With an allowance recorded, Related Allowance	$ 0		$ 0		0
Total, Recorded Investment	8,297		8,297		751
Total, Unpaid Principal Balance	8,441		8,441		840
Total, Related Allowance	0		0		0
With no related allowance recorded, Average Recorded Investment	8,541	$ 213	8,809	$ 225
With no related allowance recorded, Interest Recognized	96	4	195	8
With an allowance recorded, Average Recorded Investment	0	0	0	0
With an allowance recorded, Interest Recognized	0	0	0	0
Total, Average Recorded Investment	8,541	213	8,809	225
Total, Interest Recognized	96	4	195	8
Agriculture Loans [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	200		200		0
With no related allowance recorded, Unpaid Principal Balance	200		200		0
With an allowance recorded, Recorded Investment	0		0		0
With an allowance recorded, Unpaid Principal Balance	0		0		0
With an allowance recorded, Related Allowance	0		0		0
Total, Recorded Investment	200		200		0
Total, Unpaid Principal Balance	200		200		0
Total, Related Allowance	0		0		0
With no related allowance recorded, Average Recorded Investment	237	0	242	0
With no related allowance recorded, Interest Recognized	3	0	6	0
With an allowance recorded, Average Recorded Investment	0	0	0	0
With an allowance recorded, Interest Recognized	0	0	0	0
Commercial Loans [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2,451		2,451		42
With no related allowance recorded, Unpaid Principal Balance	2,471		2,471		61
With an allowance recorded, Recorded Investment	0		0		0
With an allowance recorded, Unpaid Principal Balance	0		0		0
With an allowance recorded, Related Allowance	0		0		0
Total, Recorded Investment	2,451		2,451		42
Total, Unpaid Principal Balance	2,471		2,471		61
Total, Related Allowance	0		0		0
With no related allowance recorded, Average Recorded Investment	4,706	0	4,935	0
With no related allowance recorded, Interest Recognized	66	0	132	0
With an allowance recorded, Average Recorded Investment	0		0	0
With an allowance recorded, Interest Recognized	0	0	0	0
Commercial Real Estate Loans [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2,501		2,501
With no related allowance recorded, Unpaid Principal Balance	2,501		2,501
With an allowance recorded, Recorded Investment	0		0		0
With an allowance recorded, Unpaid Principal Balance	0		0		0
With an allowance recorded, Related Allowance	0		0		0
Total, Recorded Investment	2,501		2,501		0
Total, Unpaid Principal Balance	2,501		2,501		0
Total, Related Allowance	0		0		0
With no related allowance recorded, Average Recorded Investment	455	0	461	0
With no related allowance recorded, Interest Recognized	4	0	9	0
With an allowance recorded, Average Recorded Investment	0	0	0	0
With an allowance recorded, Interest Recognized	0	0	0	0
Residential Real Estate Loans [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	3,145		3,145		709
With no related allowance recorded, Unpaid Principal Balance	3,269		3,269		779
With an allowance recorded, Recorded Investment	0		0		0
With an allowance recorded, Unpaid Principal Balance	0		0		0
With an allowance recorded, Related Allowance	0		0		0
Total, Recorded Investment	3,145		3,145		709
Total, Unpaid Principal Balance	3,269		3,269		779
Total, Related Allowance	0		0		0
With no related allowance recorded, Average Recorded Investment	3,143	213	3,171	225
With no related allowance recorded, Interest Recognized	23	4	48	8
With an allowance recorded, Average Recorded Investment	0	0	0	0
With an allowance recorded, Interest Recognized	0	0	0	0
Consumer Loans [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	0		0
With no related allowance recorded, Unpaid Principal Balance	0		0
With an allowance recorded, Recorded Investment	0		0		0
With an allowance recorded, Unpaid Principal Balance	0		0		0
With an allowance recorded, Related Allowance	0		0		0
Total, Recorded Investment	0		0		0
Total, Unpaid Principal Balance	0		0		0
Total, Related Allowance	0		0		0
With no related allowance recorded, Average Recorded Investment		0		0
With no related allowance recorded, Interest Recognized		0		0
With an allowance recorded, Average Recorded Investment	0	0	0	0
With an allowance recorded, Interest Recognized	0	0	0	0
Municipal Loans [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	0		0
With no related allowance recorded, Unpaid Principal Balance	0		0
With an allowance recorded, Recorded Investment	0		0		0
With an allowance recorded, Unpaid Principal Balance	0		0		0
With an allowance recorded, Related Allowance	0		0		0
Total, Recorded Investment	0		0		0
Total, Unpaid Principal Balance	0		0		0
Total, Related Allowance	0		0		$ 0
With no related allowance recorded, Average Recorded Investment		0		0
With no related allowance recorded, Interest Recognized		0		0
With an allowance recorded, Average Recorded Investment	0	0	0	0
With an allowance recorded, Interest Recognized	$ 0	$ 0	$ 0	$ 0

Allowances for Loan Losses - _6

Allowances for Loan Losses - Summary of Portfolio of Nonaccrual Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, nonaccrual	$ 1,494	$ 634
Commercial Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, nonaccrual	36	39
Commercial Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, nonaccrual	137	144
Residential Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, nonaccrual	1,321	449
Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, nonaccrual	$ 0	$ 2

Allowances for Loan Losses - Ad

Allowances for Loan Losses - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Purchased loans acquired with deteriorated credit quality	$ 5,567	$ 5,556
Unpaid principal balance	8,441	840
Loans receivable	790,181	715,039
Federal Home Loan Bank (FHLB) [Member]
Loans and Leases Receivable Disclosure [Line Items]
Borrowings secured by loans pledged to FHLB	0	1,120
Real Estate Commercial Loans And Construction And Development [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable	435,588
Additional loans and leases receivable carrying amount	$ 165,203
Loan portfolio percentage	55.10%
Purchased Credit Impaired Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Purchased loans acquired with deteriorated credit quality	$ 5,249	$ 5,556
Unpaid principal balance	6,627
Estimated fair value of loans	5,384
Contractual principal and interest at Merger	8,509
Preliminary estimate of expected cash flows	5,793
Established credit risk related non-accretable discount	2,716
Accretable discount	$ 409

Deposits - Summary of Deposit A

Deposits - Summary of Deposit Accounts (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
Demand, noninterest-bearing	$ 184,345	$ 129,243
Demand, interest-bearing	269,493	256,258
Money market and savings	235,411	205,843
Time deposits, $250 and over	55,507	56,266
Time deposits, other	157,617	124,055
Total deposits	$ 902,373	$ 771,665
Demand, noninterest-bearing	20.43%	16.75%
Demand, interest-bearing	29.86%	33.21%
Money market and savings	26.09%	26.68%
Time deposits, $250,000 and over	6.15%	7.29%
Time deposits, other	17.47%	16.08%
Total deposits	100%	100%

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
Brokered deposits	$ 20,000	$ 0

Borrowings and Subordinated D_3

Borrowings and Subordinated Debentures - Borrowings and Subordinated Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Long-term FHLB advances	$ 0	$ 0
Subordinated Debt	40,585	20,696
Federal Reserve PPPLF	1,639	19,814
Total Long-term borrowings	$ 42,224	$ 40,510

Borrowings and Subordinated D_4

Borrowings and Subordinated Debentures - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Apr. 08, 2022	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Proceeds from unsecured lines of credit			$ 51,000
Borrowings under line of credit		$ 0	$ 0	$ 0
Subordinated notes [Member]
Debt Instrument [Line Items]
Debt Instrument, principal amount	$ 20,000
Subordinated borrowing interest rate	4.50%
Subordinated borrowing due date			Apr. 15, 2032
Long-term debt, fixed interest percentage rate		4.50%	4.50%
Proceeds from contributed capital		$ 15,000
Subordinated borrowing interest rate basis			The Notes, which mature on April 15, 2032, bear interest at a fixed annual rate of 4.50% for the period up to but excluding April 15, 2027 (the “Fixed Interest Rate Period”). From April 15, 2027 until maturity or redemption (the “Floating Interest Rate Period”), the interest rate will adjust to a floating rate equal to a benchmark rate, which is expected to be the then-current three-month Secured Overnight Financing Rate (SOFR), plus 203 basis points. The Company will pay interest in arrears semi-annually during the Fixed Interest Rate Period and quarterly during the Floating Interest Rate Period.
Subordinated notes [Member] | Board of Directors [Member]
Debt Instrument [Line Items]
Debt Instrument, principal amount	$ 7,000
Subordinated notes [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument [Line Items]
Basis points spread			203%

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Estimated Fair Value of Financial Instruments that are not Required to be Measured or Reported at Fair Value (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial assets:
Cash and cash equivalents (Level 1)	$ 62,996	$ 22,590
Certificates of deposit with other banks	11,088	12,828
Securities held to maturity (Fair value of $28,290 and $0, respectively)	28,816
Held-to-maturity, fair value	28,290	0
Loans (Level 3)	786,516	711,664
Financial liabilities:
Other borrowings (Level 3)	1,639	19,814
Subordinated Notes (Level 3)	40,585	20,696
Carrying Amount [Member]
Financial assets:
Securities held to maturity (Fair value of $28,290 and $0, respectively)		0
Held-to-maturity, fair value		0
Carrying Amount [Member] | Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents (Level 1)	62,996	22,590
Accrued interest receivable (Level 1)	3,797	3,022
Restricted investments in bank stock (Level 1)	2,567	2,685
Cash surrender value of life insurance (Level 1)	19,012	18,787
Financial liabilities:
Non-maturity deposits (Level 1)	689,249	591,344
Accrued interest payable (Level 1)	325	103
Carrying Amount [Member] | Fair Value, Inputs, Level 2 [Member]
Financial assets:
Securities held to maturity (Fair value of $28,290 and $0, respectively)	28,816
Carrying Amount [Member] | Fair Value, Inputs, Level 3 [Member]
Financial assets:
Certificates of deposit with other banks	11,088	12,828
Loans (Level 3)	786,516	711,664
Financial liabilities:
Time Deposits (Level 3)	213,124	180,321
Other borrowings (Level 3)	1,639	19,814
Subordinated Notes (Level 3)	40,585	20,696
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents (Level 1)	62,996	22,590
Accrued interest receivable (Level 1)	3,797	3,022
Restricted investments in bank stock (Level 1)	2,567	2,685
Cash surrender value of life insurance (Level 1)	19,012	18,787
Financial liabilities:
Non-maturity deposits (Level 1)	689,249	591,344
Accrued interest payable (Level 1)	325	103
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member]
Financial assets:
Securities held to maturity (Fair value of $28,290 and $0, respectively)	28,290
Fair Value [Member] | Fair Value, Inputs, Level 3 [Member]
Financial assets:
Certificates of deposit with other banks	11,088	12,828
Loans (Level 3)	774,687	705,706
Financial liabilities:
Time Deposits (Level 3)	210,984	180,485
Other borrowings (Level 3)	1,639	19,819
Subordinated Notes (Level 3)	$ 38,026	$ 20,696

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Small Business Administration loan pools	$ 693	$ 1,084
Obligations of state and political subdivisions	40,993	48,482
Mortgage backed securities	44,070	54,217
Total	85,756	103,783
Fair Value, Inputs, Level 1 [Member]
Assets:
Small Business Administration loan pools	0	0
Obligations of state and political subdivisions	0	0
Mortgage backed securities	0	0
Total	0	0
Fair Value, Inputs, Level 2 [Member]
Assets:
Small Business Administration loan pools	693	1,084
Obligations of state and political subdivisions	40,993	48,482
Mortgage backed securities	44,070	54,217
Total	85,756	103,783
Fair Value, Inputs, Level 3 [Member]
Assets:
Small Business Administration loan pools	0	0
Obligations of state and political subdivisions	0	0
Mortgage backed securities	0	0
Total	$ 0	$ 0

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Financial Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 8,297	$ 751
Loans Held for Sale		3,860
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Loans Held for Sale		0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Loans Held for Sale		0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 8,297	751
Loans Held for Sale		$ 3,860

Fair Value Measurements - Sum_4

Fair Value Measurements - Summary of Information about Valuation Processes Used to Determine Nonrecurring Fair Value Measurements (Detail) - Fair Value, Nonrecurring [Member] $ in Thousands		Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		$ 8,297	$ 751
Loans Held for Sale			3,860
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		$ 8,297	751
Loans Held for Sale			$ 3,860
Fair Value, Inputs, Level 3 [Member] | Measurement Input Liquidation Expenses Rate [Member] | Appraisal Of Collateral [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range (Weighted Average)	[1]	10	10
Fair Value, Inputs, Level 3 [Member] | Measurement Input Liquidation of Collateral Rate [Member] | Appraisal Of Collateral [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range (Weighted Average)	[1]		15
[1] Fair value is generally determined through independent appraisals of the underlying collateral, which include various Level III inputs that are not identifiable.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 8,297	$ 751

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Detail) - USD ($)			6 Months Ended
	May 26, 2022	May 14, 2019	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure Of Compensation Related Costs Share based Payments [Line Items]
Stock-based compensation expense recognized			$ 39,000	$ 0
December 31, 2026 [Member]
Disclosure Of Compensation Related Costs Share based Payments [Line Items]
Amount remaining to be recognized as expense			$ 169,000
2019 Equity Incentive Plan [Member]
Disclosure Of Compensation Related Costs Share based Payments [Line Items]
Number of shares authorized for issuance		450,000
Vesting rate		20%
2019 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Disclosure Of Compensation Related Costs Share based Payments [Line Items]
Exercise price of options outstanding			$ 10.86		$ 10.46
2019 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Disclosure Of Compensation Related Costs Share based Payments [Line Items]
Exercise price of options outstanding			14.50
2019 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Minimum [Member]
Disclosure Of Compensation Related Costs Share based Payments [Line Items]
Exercise price of options outstanding			$ 10
2022 Equity Incentive Plan [Member]
Disclosure Of Compensation Related Costs Share based Payments [Line Items]
Number of shares authorized for issuance	475,000
2022 Equity Incentive Plan [Member] | Minimum [Member]
Disclosure Of Compensation Related Costs Share based Payments [Line Items]
Vesting rate	95%
Minimum period to vest for 95% of the awards	1 year

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Options Activity (Detail) - 2019 Equity Incentive Plan [Member] - Share-Based Payment Arrangement, Option [Member] $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Stock Options, Outstanding, December 31, 2021 | shares	421,500
Number of Stock Options, Expired/terminated | shares	(5,600)
Number of Stock Options, Exercised | shares	12,000
Number of Stock Options, Outstanding, March 31, 2022 | shares	403,900	421,500
Number of Stock Options, Exercisable at period end | shares	195,700
Weighted- Average Exercise Price, Outstanding, December 31, 2021 | $ / shares	$ 10.46
Weighted- Average Exercise Price, Expired/terminated | $ / shares	12
Weighted- Average Exercise Price, Exercised | $ / shares	10
Weighted- Average Exercise Price, Outstanding, March 31, 2022 | $ / shares	10.86	$ 10.46
Weighted- Average Exercise Price, Exercisable at period end | $ / shares	$ 10.08
Weighted- Average Remaining Contractual Term, Balance	7 years 4 months 24 days	7 years 10 months 24 days
Weighted- Average Remaining Contractual Term, Expired/terminated	8 years 3 months 18 days
Weighted- Average Remaining Contractual Term, Exercisable at period end	7 years 1 month 6 days
Aggregate Intrinsic Value, Outstanding, December 31, 2021 | $	$ 780
Aggregate Intrinsic Value, Outstanding | $		$ 780

Regulatory Capital Requiremen_3

Regulatory Capital Requirements - Schedule of Bank Actual and Required Capital Amounts and Ratios (Details) $ in Thousands	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total capital
Actual	$ 101,598	$ 81,355
For capital adequacy purposes	65,422	56,578
To be well capitalized	81,777	70,722
Tier 1 capital
Actual	97,654	77,904
For capital adequacy purposes	49,066	42,433
To be well capitalized	65,422	56,578
Common equity
Actual	97,654	77,904
For capital adequacy purposes	36,800	31,825
To be well capitalized	53,155	45,969
Tier 1 capital
Actual	97,654	77,904
For capital adequacy purposes	38,657	35,230
To be well capitalized	$ 48,321	$ 44,038
Ratios
Actual	12.42	11.50
For capital adequacy purposes	8	8
To be well capitalized	10	10
Actual	11.94	11.02
For capital adequacy purposes	6	6
To be well capitalized	8	8
Actual	11.94	11.02
For capital adequacy purposes	4.50	4.50
To be well capitalized	6.50	6.50
Banking Regulation, Leverage Ratio [Abstract]
Actual	10.10	8.85
For capital adequacy purposes	4	4
To be well capitalized	5	5

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Additional Information (Details) $ in Billions	Jun. 30, 2022 USD ($)	Dec. 31, 2021
Regulatory Capital Requirements Under Banking Regulations [Line Items]
Loans or advances from bank limited to percentage of the banks capital stock and surplus and must be secured by collateral	10%
Percentage of required capital conservation buffer	2.50
Community bank leverage ratio	10.10	8.85
Community Bank Leverage Ratio Requirement [Member]
Regulatory Capital Requirements Under Banking Regulations [Line Items]
Financial institutions minimum amount of assets need to maintain	$ 10
The Economic Growth, Regulatory Relief and Consumer Protection Act of 2018 [Member]
Regulatory Capital Requirements Under Banking Regulations [Line Items]
Financial institutions minimum amount of assets need to maintain	$ 10
Community bank leverage ratio	9

Financial Instruments With Of_3

Financial Instruments With Off-Balance Sheet Risk - Summary of Outstanding Contract Amounts of Off Balance Sheet Credit Risk Related Financial Instruments (Detail) - Unfunded Loan Commitment [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Loans And Leases Receivable Unfunded Commitments Under Line Of Credit [Line Items]
Unfunded commitments under lines of credit	$ 189,109	$ 145,067
Home equity loans [Member]
Schedule Of Loans And Leases Receivable Unfunded Commitments Under Line Of Credit [Line Items]
Unfunded commitments under lines of credit	36,193	17,774
Commercial real estate, construction, and land development [Member]
Schedule Of Loans And Leases Receivable Unfunded Commitments Under Line Of Credit [Line Items]
Unfunded commitments under lines of credit	29,012	20,609
Commercial and industrial [Member]
Schedule Of Loans And Leases Receivable Unfunded Commitments Under Line Of Credit [Line Items]
Unfunded commitments under lines of credit	115,107	100,440
Other [Member]
Schedule Of Loans And Leases Receivable Unfunded Commitments Under Line Of Credit [Line Items]
Unfunded commitments under lines of credit	$ 8,797	$ 6,244

Financial Instruments With Of_4

Financial Instruments With Off-Balance Sheet Risk - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Liabilities [Member]
Financial Instruments With Off Balance Sheet Risk [Line Items]
Amount of reserve related to credit losses for off balance sheet instruments	$ 54	$ 54

Earning Per Share - Summary of

Earning Per Share - Summary of Composition of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 1,606	$ 1,173	$ 3,130	$ 2,298
Basic weighted average common shares outstanding	9,836,984	5,691,686	9,831,739	5,691,686
Net effect of dilutive stock options and warrants	76,493	0	152,003	0
Diluted weighted average common shares outstanding	9,913,477	5,691,686	9,983,742	5,691,686
Basic	$ 0.16	$ 0.21	$ 0.32	$ 0.40
Diluted	$ 0.16	$ 0.21	$ 0.31	$ 0.40

Earning Per Share (Additional I

Earning Per Share (Additional Information) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Dilutive securities			1,733,184	0
Securities excluded from calculation of diluted weighted average common shares	0	0	0	0

Earning Per Share - Schedule of

Earning Per Share - Schedule of Dilutive Securities Included in Computation of Earnings Per Share (Details) - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Share-based compensation awards	195,700
Warrants	1,537,484
Total dilutive securities	1,733,184	0

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Camp Hill, Pennsylvania [Member] - Subsequent Event [Member]	1 Months Ended
	Jul. 31, 2022 ft²
Subsequent Event [Line Items]
Area of office space	24,000
Lease expiration date	Jun. 30, 2032
Lease options	two additional five year renewal options
Lease renewal options	5 years
Lease existence of option to extend	true